1
FILE NO. 69-250
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM U-3A-2
Statement by Holding Company Claiming
Exemption under Rule U-3A-2 from the
Provisions of the Public Utility Holding
Company Act of 1935
To be Filed Annually Prior to March 1
TECO Energy, Inc., TECO Power Services Corporation and Hardee Power I, Inc.,
hereby file with the Securities and Exchange Commission, pursuant to Rule 2,
their statements claiming exemption as holding companies from the provisions of
the Public Utility Holding Company Act of 1935 (the "Act") and submit the
following information:
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1. Name, State of organization, location and nature of business of claimants
and every subsidiary thereof, other than any exempt wholesale generator
(EWG) or foreign utility company in which claimants directly or
indirectly hold an interest.
Claimant, TECO Energy, Inc. ("TECO Energy"), is a corporation organized
on January 15, 1981 under the laws of the State of Florida and a holding
company exempt from registration pursuant to Rule 2 under the Act (File
no. 69-250). TECO Energy conducts no business and owns no operating
assets, but does own directly or indirectly the common stock of, or an
ownership interest in, 127 subsidiaries.
Claimant, TECO Power Services Corporation ("TECO Power"), is a
corporation organized on May 26, 1987 under the laws of the State of
Florida and a holding company exempt from registration pursuant to Rule 2
under the Act (File no. 69-250). TECO Power owns no operating assets, but
does own directly or indirectly the common stock of, or an ownership
interest in, 69 subsidiaries.
Claimant, Hardee Power I, Inc. ("Hardee Power I"), is a corporation
organized on March 21, 1990 under the laws of the State of Florida and a
holding company exempt from registration pursuant to Rule 2 under the Act
(File no. 69-250). Hardee Power I, owns no operating assets, but does own
a general partnership interest in Hardee Power Partners, Ltd. ("Hardee
Power Partners"), a public utility company for purposes of the Act.
Hardee Power Partners is a limited partnership organized under the laws
of Florida. Hardee Power I is a direct wholly owned subsidiary of TECO
Power and has no subsidiaries or partnership interests other than a
partnership interest in Hardee Power Partners.
TECO Energy previously applied for and received an order pursuant to
Sections 9(a)(2) and 10 of the Act approving its direct or indirect
acquisition of up to 100% of the voting securities of Hardee Power
Partners. (See Act Release No. 35-25199). Other than Hardee Power
Partners, no subsidiary of TECO Power or Hardee Power I is a public
utility company for purposes of the Act.
The principal business address, location and nature of business of the
claimants and every subsidiary thereof, other than any exempt wholesale
generator (EWG) or foreign utility company in which claimant directly or
indirectly holds an interest are as follows:
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
---------------- -------------------------------
TECO Energy, Inc. Florida. Parent company.
(TECO Energy)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Tampa Electric Company(1) Florida. Through its electric
(Tampa Electric) division, operates as an
TECO Plaza electric utility serving West
702 North Franklin Street Central Florida. Through its
Tampa, FL 33602 Peoples Gas System division,
operates as a local natural gas
distribution business serving
territories in Florida.
TERMCO, Inc. Florida. Acts as exclusive
(TERMCO) broker for Tampa Electric
TECO Plaza in the purchase and sale
702 North Franklin Street of real property.
Tampa, FL 33602
Power Engineering & Florida. Engaged in the
Construction, Inc. engineering and construction of
(PEC) transmission and distribution
TECO Plaza facilities outside of Tampa
702 North Franklin Street Electric's retail service
Tampa, FL 33602 territory.
TECO Investments, Inc.(1) Florida. Invests capital
(TECO Investments) in short- and long-term
TECO Plaza financial investments.
702 North Franklin Street
Tampa, FL 33602
TECO Inventory Company(1) Florida. Operations
(TECO Inventory Company) discontinued in 1999.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Finance, Inc.(1) Florida. Provides financing
(TECO Finance) for the diversified
TECO Plaza activities of TECO Energy.
702 North Franklin Street
Tampa, FL 33602
TECO Oil & Gas, Inc.(1) Texas. Operations
(TECO Oil & Gas) discontinued in 1998.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Diversified, Inc.(1) Florida. Holding company.
(TECO Diversified)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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TECO Coal Corporation Kentucky. Holding company.
(TECO Coal)
200 Allison Boulevard
Corbin, KY 40701
Bear Branch Coal Company Kentucky. Coal mining.
(Bear Branch)
200 Allison Boulevard
Corbin, KY 40701
Raven Rock Development Kentucky. Real estate
Corporation development investment.
(Raven Rock)
200 Allison Boulevard
Corbin, KY 40701
Clintwood Elkhorn Mining Kentucky. Coal mining and
Company processing.
(Clintwood)
200 Allison Boulevard
Corbin, KY 40701
Gatliff Coal Company Kentucky and Tennessee. Coal
(Gatliff) mining and processing.
200 Allison Boulevard
Corbin, KY 40701
Pike-Letcher Land Company Kentucky. Land management.
(Pike-Letcher)
200 Allison Boulevard
Corbin, KY 40701
Premier Elkhorn Coal Company Kentucky. Coal mining and
(Premier Elkhorn) processing.
200 Allison Boulevard
Corbin, KY 40701
Rich Mountain Coal Company Tennessee. Coal mining.
(Rich Mountain)
200 Allison Boulevard
Corbin, KY 40701
Perry County Coal Corporation Kentucky. Coal mining and
(Perry County) processing.
200 Allison Boulevard
Corbin, KY 40701
Ray Coal Company, Inc. Kentucky. Land management.
(Ray Coal)
200 Allison Boulevard
Corbin, KY 40701
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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Whitaker Coal Corporation Kentucky. Holds assets of Perry
(Whitaker Coal) County Coal Company.
200 Allison Boulevard
Corbin, KY 40701
TECO Coalbed Methane, Inc. Alabama. Participates in
(TECO Coalbed Methane) the production of natural
TECO Plaza gas from coal seams.
702 North Franklin Street
Tampa, FL 33602
TECO Solutions, Inc. Florida. Holding company.
(TECO Solutions)
702 North Franklin Street
Tampa, FL 33602
TECO BGA, Inc.(1) Florida and California.
(formerly Bosek, Gibson and Energy services company which
Associates, Inc.) performs engineering analysis,
(BGA) design and construction
TECO Plaza management.
702 North Franklin Street
Tampa, FL 33602
BGA Special Project One Florida. Limited partner of
(Special Project One) TECO/AGC, Limited.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO AGC, Inc. Florida. General partner of
(formerly TECO/BGA. Inc.) TECO/AGC, Limited.
(TECO AGC)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO AGC, Limited Florida. Limited partnership
(formerly TECO/BGA Limited) which owns and operates a
(TECO AGC Limited) chilled water facility in
TECO Plaza Tampa.
702 North Franklin Street
Tampa, FL 33602
TECO Gas Services, Inc. Florida. Buys and sells natural
(TECO Gas Services) gas supplies. Does not own or
TECO Plaza operate any facilities for the
702 North Franklin street distribution of natural or
Tampa, FL 33602 manufactured gas at retail.
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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TECO Properties Corporation Florida. Real estate
(TECO Properties) investment.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
CPSC, Inc. Florida. Real estate investment.
(CPSC)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
30th Street R&D Park, Inc. Florida. Real estate
(30th Street R&D) investment.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
UTC II, Inc. Florida. Real estate
(UTC II) investment, whose assets were sold
TECO Plaza in 1999.
702 North Franklin Street
Tampa, FL 33602
Brandon Properties Partners, Florida. Real estate
Ltd. investment.
(Brandon Properties)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Southshore Residential, Inc. Florida. Limited partner of
(Southshore Residential) South Shore Properties
TECO Plaza Partners, Ltd.
702 North Franklin Street
Tampa, FL 33602
South Shore Properties Florida. Real estate
Partners, Ltd. investment.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
K-T No. 1, LLC Florida. Real estate
(K-T No. 1) investment.
3100 Clay Street STE 275
Orlando, FL 32804
TECO Partners, Inc. Florida. Currently sales and
(TECO Partners) marketing. Non-operating company
TECO Plaza during 2000.
702 North Franklin Street
Tampa, FL 33602
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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BCH Mechanical, Inc. Florida. Mechanical contracting.
(BCH Mechanical)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
SDB Leasing Corporation Florida. Equipment leasing company
(SDB Leasing) for BCH Mechanical companies.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Staffing Systems, Inc. Florida. Professional employee
(Staffing Systems) organization that provides payroll
TECO Plaza services to BCH Mechanical
702 North Franklin Street companies.
Tampa, FL 33602
TECO Transport Corporation Florida. Holding company.
(TECO Transport)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Electro-Coal Transfer, LLC Louisiana. Transfers and
(Electro-Coal) stores coal and other bulk
TECO Plaza commodities.
702 North Franklin Street
Tampa, FL 33602
Gulfcoast Transit Company Florida. Transports coal and
(Gulfcoast) other bulk commodities in
TECO Plaza ocean-going vessels to various
702 North Franklin Street domestic and international
Tampa, FL 33602 destinations.
Mid-South Towing Company Mississippi, Ohio and Illinois
(Mid-South) rivers. Transports coal
TECO Plaza and other bulk commodities
702 North Franklin Street in river barges.
Tampa, FL 33602
TECO Towing Company Mississippi, Ohio and Illinois
(TECO Towing) rivers. Charters river barges
TECO Plaza and purchases fuel for
702 North Franklin Street subsequent resale to affiliated
Tampa, FL 33602 companies.
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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TECO Stevedoring Services, Inc.(1) Florida. Unloads coal from
(formerly GC Service Company, Inc.) ocean-going vessels and
(TECO Stevedoring) repairs vessels.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Peoples Sales & Service Company(1) Florida. Non-operating
(Peoples Sales & Service) company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Propane Ventures, LLC(1) Florida. Holds an interest in
(TECO Propane Ventures) U.S. Propane, LLC
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
U.S. Propane, LLC Oklahoma. Retail propane
(U.S. Propane) distribution.
8801 South Yale Avenue STE 310
Tulsa, OK 74137
U.S. Propane, LP Oklahoma. Retail propane
(U.S. Propane LP) distribution.
8801 South Yale Avenue STE 310
Tulsa, OK 74137
Heritage Holdings, Inc. Oklahoma. Holding company.
(Heritage Holdings)
8801 South Yale Avenue STE 310
Tulsa, OK 74137
TECO Propane Properties, Inc.(1) Florida. Non-operating
(TECO Propane Properties) company.
702 North Franklin Street
Tampa, FL 33602
Suwannee Gas Marketing, Inc.(1) Florida. Holding company.
(Suwannee Gas)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Florida Natural Fuels, Ltd. Florida. Sells compressed
(Florida Natural Fuels) natural gas as motor fuel.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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Seminole Gas Marketing Florida. General partnership
(Seminole Gas) which markets natural gas to
P.O. Box 2563 end-users. Does not own or
1900 5th Avenue North operate any facilities for the
Birmingham, AL 35202 distribution of natural or
manufactured gas at retail.
Peoples Gas System(Florida), Florida. Name-holding company
Inc. (1) with no operations.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Funding Company I, LLC(1) Delaware. Formed in connection
(TECO Funding Company I) with the issuance of trust preferred
300 Delaware Avenue 9th Floor securities to the public in 2000.
Wilmington, DE 19801
TECO Funding Company II, LLC(1) Delaware. Formed in connection
(TECO Funding Company I) with potential future issuance of
300 Delaware Avenue 9th Floor trust preferred securities.
Wilmington, DE 19801
TECO Funding Company III, LLC(1) Delaware. Formed in connection
(TECO Funding Company I) with potential future issuance of
300 Delaware Avenue 9th Floor trust preferred securities.
Wilmington, DE 19801
TECO Power Services Corporation(1) Florida. Holding company.(2)
702 N. Franklin Street
Tampa, Florida 33602
Hardee Power I, Inc. Florida. General partner
702 North Franklin Street of Hardee Power Partners. (2)
Tampa, Florida 33602
Hardee Power II, Inc. Florida. Limited partner of
702 North Franklin Street Hardee Power Partners.
Tampa, Florida 33602
Hardee Power Partners, Ltd. Florida. Limited
702 North Franklin Street partnership which owns
Tampa, Florida 33602 Hardee Power Station, a
wholesale power generation
project. (2)
TPS Hamakua, Inc.Florida. A general partner
702 North Franklin Street of Hamakua Energy Partners L.P.,
Tampa, Florida 33602 an EWG.
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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TPS Hawaii, Inc. Florida. A limited partner of
702 North Franklin Street Hamakua Energy Partners L.P., an
Tampa, Florida 33602 EWG.
TPS Hamakua Land, Inc. Florida. Real estate holding
702 North Franklin Street company.
Tampa, Florida 33602
TPS Virginia Operations Virginia. Proposed organization to
Company become the operator of Commonwealth
702 N. Franklin Street Chesapeake Power Station on a cost-
Tampa, Florida 33602 reimbursement basis upon execution
Of an O&M agreement.
TECO Power Ventures, Inc. Florida. Owns TPS Power
702 North Franklin Street Ventures, LLC.
Tampa, Florida 33602
TPS Power Ventures, LLC Delaware. Owns TPS Del, LLC and
(formerly GenPower LLC) TPS McAdams, LLC, EWG's.
702 N. Franklin Street
Tampa, Florida 33602
TPS LP, Inc. Florida. Joint venture partner
702 North Franklin Street of TECO-Panda Generating Company,
Tampa, Florida 33602 L.P.
TPS GP, Inc. Florida. Joint venture partner
702 North Franklin Street of TECO-Panda Generating Company,
Tampa, Florida 33602 L.P.
TECO-Panda Generating Delaware. Joint venture partnership
Company, L.P. engaged in wholesale power
4100 Spring Valley Road generation.
Suite 1001
Dallas, Texas 75244
Union Power I, LLC Delaware. General Partner of Union
4100 Spring Valley Road Power Partners, L.P., an EWG.
Suite 1001
Dallas, Texas 75244
Union Power II, LLC Delaware. Limited Partner of Union
4100 Spring Valley Road Power Partners, L.P., an EWG.
Suite 1001
Dallas, Texas 75244
Panda Gila River, I, LLC Delaware. General Partner of Panda
4100 Spring Valley Road Gila River, L.P., an EWG.
Suite 1001
Dallas, Texas 75244
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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Panda Gila River II, LLC Delaware. Limited Partner of Panda
4100 Spring Valley Road Gila River, L.P., an EWG.
Suite 1001
Dallas, Texas 75244
Panda Gila River Delaware. Gas transmission
Pipeline, LLC company.
4100 Spring Valley Road
Suite 1001
Dallas, Texas 75244
Trans-Union Interstate I, Delaware. General Partner of Trans-
LLC Union Interstate Pipeline, L.P.
4100 Spring Valley Road
Suite 1001
Dallas, Texas 75244
Trans-Union Interstate II Delaware. Limited Partner of Trans-
LLC Union Interstate Pipeline, L.P.
4100 Spring Valley Road
Suite 1001
Dallas, Texas 75244
Trans-Union Interstate Delaware. Gas transmission
Pipeline, L.P. company.
4100 Spring Valley Road
Suite 1001
Dallas, Texas 75244
TPS Holdings, Inc. Florida. Non-operating
702 N. Franklin Street company.
Tampa, Florida 33602
TPS Guatemala One, Inc. Florida. Developer and partner
702 N. Franklin Street of a wholesale power generation
Tampa, Florida 33602 project.
TPS Operations Company Florida. Operator of Hardee
702 N. Franklin Street Power Station on a
Tampa, Florida 33602 cost-reimbursement basis.
TECO EnergySource, Inc. Florida. Subsidiary formed for
702 N. Franklin Street the purpose of marketing and
Tampa, Florida 33602 selling energy.
TPS Materials, Inc. Florida. Non-operating company.
702 N. Franklin Street
Tampa, Florida 33602
TM Power Ventures, LLC Delaware. Joint venture that
712 Main Street, Suite 2200 develops projects for production of
Houston, Texas 77002 electricity, thermal energy, chilled
water and byproducts.
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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Mosbacher Power Group LLC Delaware. Non-operating company.
712 Main Street, Suite 2200
Houston, Texas 77002
TM Czech Power LLC Delaware. Holding company.
702 North Franklin Street
Tampa, Florida 33602
TM Kladno Electricidad, Spain. Holding company.
s.r.l.
702 North Franklin Street
Tampa, Florida 33602
TM Kladno, B.V. The Netherlands. Holding company.
702 North Franklin Street
Tampa, Florida 33602
Nations Kladno, B.V. The Netherlands. Holding company.
1076 A2 Amsterdam
Locatellikade 1,
Parnassustoren
The Netherlands
Matra Powerplant The Netherlands. Holding company.
Holdings, B.V.
J.J. Viottastraat 46
1071 J. Amsterdam,
The Netherlands
TM ECK, LLC Delaware. Holding company.
712 Main Street
Suite 2200
Houston, Texas 77002
Nations Kladno (II) B.V. Netherlands. Holding company.
1076 A2 Amsterdam
Locatellikade 1,
Parnassustoren
The Netherlands
TM Delmarva Power LLC Delaware. Holds an interest in
712 Main Street Commonwealth Chesapeake
Suite 200 Company, LLC, an EWG.
Houston, Texas 77002
TMPV Caledonia LLC Delaware. Joint venture
712 Main Street partner in the development
Suite 200 of a cogeneration facility.
Houston, Texas 77002
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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TPS International Power, Inc. Cayman Islands. Subsidiary
P. O. Box 866 formed for the purpose of
Anderson Square Building developing wholesale power
3rd Floor generation projects.
George Town, Grand Cayman,
Cayman Islands, B.W.I.
TPS San Jose International, Cayman Islands. Subsidiary
Inc. formed for the purpose of
P. O. Box 866 developing wholesale power
Anderson Square Building generation projects.
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
TPS San Jose, LDC Cayman Islands. Developer and
P. O. Box 866 owner of a wholesale power
Anderson Square Building generation facility.(3)
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I
Palm Import and Export British Virgin Islands. Holds
Corporation an interest in CGESJ and TPS San
P.O. Box 146 Jose, LDC.
Road Tolon, Tortola B.V.I.
Triangle Finance Delaware. Subsidiary formed
Company, LLC for the purpose of borrowing
702 N. Franklin Street and lending funds.
Tampa, Florida 33602
San Jose Power Holding Cayman Islands. Holds a
Company, Ltd. partnership interest in
P.O. Box 1111GT CGESJ. (4)
Georgetown, Grand Cayman
Cayman Islands, B.W.I.
TPS Palmera, LDC Cayman Islands. Holds an
P.O. Box 866 interest in Triangle Finance
Anderson Square Building Company, LLC and San Jose
3rd Floor Power Holding Company, Ltd.
Georgetown, Grand Cayman
Cayman Islands, B.W.I.
Tasajero I, LDC Cayman Islands. Non-operating
P.O. Box 866 company.
Anderson Square Building
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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TPS Operaciones de Guatemala. Operations company for
Guatemala, Ltda. CGESJ, an EWG and foreign utility and
13 Calle 3-40, Zona 10 TCAE, an EWG.
Edifico Atlantis
Oficina 503, 5to. Nivel
Guatemala City,
Guatemala, C.A.
TPS Administraciones, Guatemala. Administration
Ltda. company for CGESJ, an EWG and foreign
13 Calle 3-40, Zona 10 utility and TCAE, an EWG.
Edificio Atlantis
Oficina 503, 5to. Nivel
Guatemala City
Guatemala C.A.
TPS de Ultramar, Ltd. Cayman Islands. Holding company.
P.O. Box 866
Anderson Square Building
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
TPS de Ultramar Guatemala. Holding company.
Guatemala, S.A.
13 Calle 3-40, Zona 10
Edificio Atlantis
Oficina 503, 5to. Nivel
Guatemala City, Guatemala
C.A.
Distribucion Electrica Guatemala. Holding company.
CentroAmericana II, S.A.
(DECA II)
13 Calle 3-40, Zona 10
Edificio Atlantis
Oficina 503, 5to. Nivel
Guatemala City, Guatemala
C.A.
Navega.com, S.A. Guatemala. Provides fiber optics
13 Calle 3-40,Zona 10 through different carriers by
Edificio Atlantis telecommunications networks.
Oficina 503,5to. Nivel
Guatemala City,
Guatemala C.A.
Cardieegsa, S.A. Guatemala. Credit union for foreign
13 Calle 3-40,Zona 10 utility company employees.
Edificio Atlantis
Oficina 503,5to. Nivel
Guatemala City,
Guatemala C.A.
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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Commercializdora Guatemala. Subsidiary formed to
Electrica de conduct non-regulatory business of
Guatemala S.A. a foreign utility.
13 Calle 3-40,
Zona 10,
Edificio Atlantis
Oficina 503,5to.
Nivel
Guatemala City,
Guatemala C.A.
Energica, S.A. Guatemala. Subsidiary formed to
13 Calle 3-40, conduct installation business of a
Zona 10, foreign utility.
Edificio Atlantis
Oficina 503,5to.
Nivel
Guatemala City,
Guatemala C.A.
Transportista Guatemala. Asset holding company.
Electrica
Centroamericana,
S.A.
13 Calle 3-40,
Zona 10,
Edificio Atlantis
Oficina 503,5to.
Nivel
Guatemala City,
Guatemala C.A.
Generacion Electrica Guatemala. Subsidiary formed for the
Centroamericana, S.A. purpose of developing wholesale
13 Calle 3-40, Zona 10 generating projects.
Edificio Atlantis
Oficina 503, 5to.
Nivel
Guatemala City,
Guatemala C.A.
Administradora de Guatemala. Asset holding company.
Inmuebles Santo
Tomas, S.A.
13 Calle 3-40, Zona 10
Edificio Atlantis
Oficina 503, 5to.
Nivel
Guatemala City,
Guatemala C.A.
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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TPS Escuintla I, LDC Cayman Islands. Non-operating
P. O. Box 866company.
Anderson Square Building
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
Generadora Electrica Guatemala. Limited corporation
Centroamerica, Ltd. formed to develop a wholesale
13 Calle 3-40, Zona 10 power generation project.
Edifico Atlantis
Oficina 503, 5to. Nivel
Guatemala City,
Guatemala, C.A.
TPS Pavana, Ltd. Cayman Islands. Non-operating
P.O. Box 866 company.
Anderson Square Building
3rd Floor
George Town, Grand Cayman
Cayman Islands, B.W.I.
TM Global Power, LLC Delaware. Develops foreign
712 Main Street, Suite 2200 projects for production of
Houston, TX 77002 electricity, thermal energy,
chilled water and by-products.
Bear Energy Corporation British Virgin Islands.
Craigmuir Chambers General partner of CPC Limited
P.O. Box 71 Partnership.
Road Tolon, Tortola
B.V.I.
CPC Limited Partnership Cayman Islands. Development of
Maples & Calder wholesale power generation projects.
P.O. Box 309
Ugland House
South Church Street
Grand Cayman,
Cayman Islands
Cambodia Power Company Cambodia. Subsidiary formed
712 Main Street for the purpose of developing
Suite 2200 a wholesale power generation
Houston, TX 77002 project.
Mosbacher Power Delaware. Develops electric
International LLC power cogeneration projects.
712 Main Street, Suite 2200
Houston, TX 77002
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NAME AND ADDRESS LOCATION AND NATURE OF BUSINESS
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Mosbacher Power Brasil, Brazil. Non-operating
Ltda. company.
712 Main Street,
Suite 2200
Houston, TX 77002
RAM Power India I, Ltd. British Virgin Islands.
Craigmuir Chambers Non-operating company.
P.O. Box 71
Road Tolon, Tortola
B.V.I.
TM Turkish Holdings, LLC Delaware. Subsidiary formed
712 Main Street for the purpose of developing
Suite 2200 wholesale power generation
Houston, TX 77002 project.
Nuh Yapi Urunleri ve Turkey. Subsidiary formed for
Mabina Sanayi a.s. the purpose of developing
712 Main Street wholesale power generation
Suite 2200 project.
Houston, TX 77002
Pasco Power GP, Inc. Florida. Holds an indirect
702 N. Franklin Street interest in a qualified
Tampa, FL 33602 cogeneration facility in
Florida.
(1) Direct subsidiary of TECO Energy, Inc.
(2) Hardee Power I, as the general partner of Hardee Power Partners; TECO
Power, as the owner of all outstanding voting securities of Hardee
Power I and Hardee Power II and thus the indirect owner of all
outstanding voting securities of Hardee Power Partners; and TECO
Energy, as the owner of all outstanding voting securities of TECO Power
and thus the indirect owner of all outstanding voting securities of
Hardee Power Partners, are each a "holding company" with respect to
Hardee Power Partners for purposes of the Act.
(3) TPS San Jose, LDC held 92-percent and Palm Import and Export
Corporation held 8-percent of the Class A shares of San Jose Power
Holding Company at December 31, 2000. TPS San Jose, LDC owned
100-percent of Triangle Finance Company, LLC at Dec. 31, 2000.
(4) The original FUCO filing for CGESJ occurred in October, 1999. The filing
was amended and restated based on a change in ownership in January,
2000. CGESJ was determined an EWG on March 17, 2000.
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2. A brief description of the properties of claimants and each of their
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 the claimants and their subsidiaries are organized and
all transmission or pipelines which deliver or receive electric energy or
gas at the borders of such State.
The only properties to which this question applies are the following
properties of Tampa Electric and Hardee Power Partners:
TAMPA ELECTRIC - ELECTRIC OPERATIONS
Tampa Electric had five electric generating plants and four combustion
turbine units in service with a total net generating capability at
December 31, 2000 of 3,960 megawatts (MW) including Big Bend (1,825-MW
capability for four coal units), Gannon (1,230-MW capability for six coal
units), Hookers Point (197-MW capability for five oil units), Phillips
(36-MW capability for two diesel units), Polk (315-MW capability from one
integrated gasification combined cycle (IGCC) unit) and four combustion
turbine units located at the Big Bend and Gannon stations (357 MWs).
Capability as used herein represents the demonstrable dependable load
carrying abilities of the generating units during peak periods as proven
under actual operating conditions. Units at Hookers Point went into
service from 1948 to 1955, at Gannon from 1957 to 1967, and at Big Bend
from 1970 to 1985. The Polk IGCC unit began commercial operation in
September 1996. In 1991, Tampa Electric purchased two power plants
(Dinner Lake and Phillips) from the Sebring Utilities Commission
(Sebring). Dinner Lake and Phillips were placed in service by Sebring in
1966 and 1983, respectively. In March 1994, Tampa Electric placed Dinner
Lake on long-term reserve standby.
Tampa Electric owns 184 substations having an aggregate transformer
capacity of 16,952,772 KVA. The transmission system consists of
approximately 1,211 pole miles of high voltage transmission lines, and
the distribution system consists of 6,967 pole miles of overhead lines
and 2,927 trench miles of underground lines. As of December 31, 2000,
there were 568,350 meters in service. All of this property is located in
the State of Florida.
All plants and important fixed assets are held in fee except that title
to some of the properties is subject to easements, leases, contracts,
covenants and similar encumbrances and minor defects, of the nature
common to properties of the size and character of those of Tampa
Electric.
Tampa Electric has easements for rights-of-way adequate for the
maintenance and operation of its electrical transmission and distribution
lines that are not constructed upon public highways,
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19
roads and streets. It has the power of eminent domain under Florida law
for the acquisition of any such rights-of-way for the operation of
transmission and distribution lines. Transmission and distribution lines
located in public ways are maintained under franchises or permits.
Tampa Electric has a long-term lease for the office building in downtown
Tampa, Florida which serves as headquarters for TECO Energy, Tampa
Electric, and numerous other TECO Energy subsidiaries.
TAMPA ELECTRIC - GAS OPERATIONS
Tampa Electric, through its Peoples Gas System division, owns
approximately 8,200 miles of distribution mains, over 4,208 miles of
service lines, plus meters, regulators, and other related equipment used
in serving natural gas to approximately 256,000 residential, commercial
and industrial customers located wholly within the State of Florida.
The natural gas distribution properties are located primarily in the
metropolitan areas of Jacksonville, Daytona Beach, Orlando, Eustis, Avon
Park, Lakeland, Tampa, St. Petersburg, Sarasota, Palm Beach Gardens,
Pompano Beach, Fort Lauderdale, Ft. Myers, Hollywood, North Miami, Miami
Beach, Miami, Naples, Panama City and Ocala, Florida.
HARDEE POWER PARTNERS
Hardee Power Partners has one electric generating plant, the Hardee Power
Station, which went into commercial operation January 1, 1993. The
station is located in Hardee County, Florida, on property under a
long-term lease. The plant has a net generating capability of 370 MWs
consisting of one combined cycle unit (220 MWs) and two combustion
turbine (75 MWs). The expansion project increased the existing 295 MWs to
370 MWs. This is the first expansion since the commercial operation in
1993. The commercial operation date of the 75-megawatt expansion was May
17, 2000. Capability as used herein represents the demonstrable
dependable load carrying abilities of the unit during peak periods as
proven under actual operating conditions. Hardee Power Partners owns no
transmission or distribution facilities.
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3. The following information for the last calendar year with respect to the
claimants and each of their 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.
TECO Energy - None
Tampa Electric
19,201,766,000 KWH - Florida
$1,352,869,056 Revenue
Tampa Electric (Peoples Gas System division)
32,060,000 Mcf(Sales) Florida
$232,774,000 Revenue
82,184,000 Mcf(Transportation) Florida
$48,665,000 Revenue
TECO Power - None
Hardee Power I - None
Hardee Power Partners
1,020,242,000 KWH - Florida
$ 128,284,914 Revenue
(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.
TECO Energy - None
Tampa Electric - None
TECO Power - None
Hardee Power I - None
Hardee Power Partners - None
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21
(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.
TECO Energy - None
Tampa Electric - 5,838,000 Total KWH
$436,337 Total Revenue
Texas - 3,473,000 KWH
$272,547 Revenue
Missouri - 440,000 KWH
$25,080 Revenue
Alabama - 1,405,000 KWH
$87,635 Revenue
New York - 320,000 KWH
$25,700 Revenue
Georgia - 200,000 KWH
$26,000 Revenue
TECO Power - None
Hardee Power I - None
Hardee Power Partners - None
(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.
TECO Energy - None
Tampa Electric - 211,385,000 Total KWH
$13,327,097 Total Expense
Texas - 102,343,000 KWH
$6,908,158 Expense
Alabama - 6,809,000 KWH
$451,415 Expense
New York - 79,201,000 KWH
$4,312,976 Expense
Missouri - 22,795,000 KWH
$1,644,768 Revenue
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Georgia - 137,000 KWH
$4,880 Revenue
Connecticut - 100,000 KWH
$4,900 Revenue
TECO Power - None
Hardee Power I - None
Hardee Power Partners - None
4. The following information for the reporting period with respect to
claimants and each interest held 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.
1. FACILITY NAME, ADDRESS AND LOCATION:
Tampa Centro Americana de Electricidad, Limitada (TCAE)
Alborada Power Station (owned by TCAE, an EWG) Escuintla,
Guatemala Approximately 35 miles southwest of Guatemala City,
Guatemala
DESCRIPTION:
A 78-MW oil-fired electric generating facility. Also includes
a 230KV switchyard with two 13.8KV transformers and associated
equipment.
2. FACILITY NAME, ADDRESS AND LOCATION:
Empressa Electrica de Guatemala, S.A. (EEGSA) (a foreign
utility company) Located in Guatemala City, Guatemala
DESCRIPTION:
Principal electric distribution company in Guatemala.
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23
3. FACILITY NAME, ADDRESS AND LOCATION:
Central Generadora Electrica San Jose, S.R.L. (CGESJ)
San Jose Power Station (owned by CGESJ, an EWG and a
foreign utility company).(4) Masagua, Guatemala
Approximately 45 miles southwest of Guatemala City,
Guatemala
DESCRIPTION:
A 120-MW coal-fired electric generating facility. Also
includes a 230-KV switchyard with two 13.8-KV transformers
and associated equipment.
4. FACILITY NAME, ADDRESS AND LOCATION:
ECK Generating, s.r.o (an EWG)
Dubska Teplarna
272 03 Kladno, Czech Republic
Approximately 30km west of Prague, Czech Republic
DESCRIPTION:
A 342-MW facility consisting of two AB circulating
fluidized bed boilers with two 125-MW steam turbine
generators, a 65-MW AB gas turbine, and a refurbished
coal-fired boiler with a 28-MW and 6-MW steam turbine. All
supply steam, electricity and hot water to the local
industrials, city hot water system and local electricity
utility.
5. FACILITY NAME, ADDRESS AND LOCATION:
Energeticke Centrum Kladno, a.s.
(a foreign utility company)
Dubska Teplarna
272 03 Kladno, Czech Republic
Approximately 30km west of Prague, Czech Republic
DESCRIPTION:
Distributes thermal and electrical energy to Poldi Steel
and other industrial customers in the Poldi Steel industry
complex.
6. FACILITY NAME, ADDRESS AND LOCATION:
Commonwealth Chesapeake Company (CCC), LLC (5)
(an EWG)
712 Main Street
Suite 200
Houston, Texas 77002
Located on the Delmarva Peninsula, Acconmack County,
Virginia
DESCRIPTION:
A 312-megawatt combustion turbine peaking plant using
low-sulfur fuel oil. First phase went into service in the
third quarter of 2000. Second phase is expected to go
online in the second quarter of 2001.
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7. FACILITY NAME, ADDRESS AND LOCATION:
TPS Dell, LLC (an EWG)
702 N. Franklin St.
Tampa, Florida 33602
Location: City of Dell, Mississippi County, Arkansas
DESCRIPTION:
An approximately 500-megawatt gas-fired combined cycle
electric generation plant. Under construction, to be
located in the City of Dell in Mississippi County,
Arkansas.
8. FACILITY NAME, ADDRESS AND LOCATION:
TPS McAdams, LLC (an EWG)
702 N. Franklin St.
Tampa, Florida 33602
Location is Attala County, Mississippi
DESCRIPTION:
An approximately 500-megawatt gas-fired combined cycle
electric generation plant. Under construction, to be
located in McAdams and Sallis, in Attala County,
Mississippi.
9. FACILITY NAME, ADDRESS AND LOCATION:
Union Power Partners, L.P. (an EWG)
4100 Spring Valley Rd.
Suite 1001
Dallas, Texas 75244
Location is Union County, Arkansas
DESCRIPTION:
An approximately 2000-megawatt natural gas-fired combined
cycle electric generation plant. Under construction, to be
located in Union County, Arkansas.
10. FACILITY NAME, ADDRESS AND LOCATION:
Panda Gila River, L.P. (an EWG)
4100 Spring Valley Rd.
Suite 1001
Dallas, Texas 75244
Location is Maricopa County, Arizona.
DESCRIPTION:
An approximately 2000-megawatt natural gas-fired combined
cycle merchant plant. Under construction, to be located in
Maricopa County, Arizona.
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11. FACILITY NAME, ADDRESS AND LOCATION:
Hamakua Energy Partners, L.P.
Hamakua Power Station(an EWG)
45-300 Lehua Street
P. O. Box 40
Honoka'a, Hawaii 96727
Located on the northeastern coast of the island of Hawaii,
just north of the town of Honoka'a.
DESCRIPTION:
The plant consists of a nominal 60 MW 2-on-1 combined
cycle facility including two water-injected GE model
LM2500 aeroderivative combustion turbine engines burning
naphtha as the primary fuel with no. 2 diesel fuel for
startup and shutdown, two unfired Aalborg heat recovery
steam generators with SCR's, and one Mitsubishi steam
turbine generator.
(b) Name of each system company that holds an interest in such EWG or
foreign utility company; and the description of the interest held.
1. TCAE
At December 31, 2000:
TECO Power Services Corporation had a 100-percent ownership
interest in TPS Guatemala One, Inc.
TPS Guatemala One, Inc. had a 96.06-percent ownership interest in
TCAE.
2. EEGSA
At December 31, 2000:
TECO Power Services Corporation had a 100-percent ownership
interest in TPS International Power, Inc.
TPS International Power, Inc. had a 100-percent ownership interest
in TPS de Ultramar, Ltd.
TPS de Ultramar, Ltd. had a 99-percent ownership interest in TPS
de Ultramar Guatemala, S.A.
TPS International Power, Inc. had a 1-percent ownership interest
in TPS de Ultramar Guatemala, S.A.
TPS de Ultramar Guatemala, S.A. had a 30-percent ownership
interest in DECA II.
DECA II had an 80.79-percent ownership in EEGSA.
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3. CGESJ
At December 31, 2000:
TECO Power Services Corporation had a 100-percent ownership
interest in TPS International Power, Inc.
TPS International Power, Inc. had a 99-percent ownership interest
in TPS San Jose, LDC.
TPS San Jose International, Inc. had a 1-ownership interest in TPS
San Jose, LDC.
TPS San Jose LDC had a 92-percent interest in the class A shares
of San Jose Power Holding Company, Ltd.
Palm Import and Export Corporation had an 8-percent interest in
the class A shares of San Jose Power Holding Company, Ltd.
TPS San Jose, LDC had a 99-percent interest in Palm Import and
Export Corporation.
TPS Palmera, LDC had a 1-percent interest in Palm Import and
Export Corporation.
TPS San Jose, LDC had a 99-percent interest in Triangle Finance
Company, LLC.
TPS Palmera, LDC had a 1% interest in Triangle Finance Company,
LLC.
San Jose Power Holding Company, Ltd. had a 92-percent interest in
CGESJ.
Palm Import and Export Corporation had an 8-percent interest in
CGESJ.
4. ECK GENERATING, S.R.O.
At December 31, 2000:
TECO Power Services Corporation had a 50-percent ownership
interest in TM Power Ventures, LLC
TM Power Ventures, LLC had a 100-percent ownership interest in TM
Czech Power LLC
TM Czech Power LLC had a 100-percent interest in TM Kladno
Electricidad, s.r.l.
TM Kladno Electricidad, s.r.l. had a 100-percent interest in TM
Kladno, B.V.
TM Kladno B.V. had a 50-percent interest in Nations Kladno B.V.
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27
Nations Kladno B.V. had a 30-percent interest in Matra Powerplant
Holdings, B.V.
Matra Powerplant Holdings, B.V. had an 89-percent interest in ECK
Generating, s.r.o.
5. ENERGETICKE CENTRUM KLADNO, A.S.
At December 31, 2000:
TECO Power Services Corporation had a 50-percent ownership
interest in TM Power Ventures, LLC.
TM Power Ventures, LLC had a 100-percent ownership in TM ECK LLC.
TM ECK LLC had a 50-percent interest in Nations Kladno (II) B.V.
Nations Kladno (II) B.V. had a 26.7-percent interest in
Energeticke Centrum Kladno, a.s.
6. COMMONWEALTH CHESAPEAKE COMPANY, LLC
At December 31, 2000:
TECO Power Services Corporation had a 50-percent ownership
interest in TM Power Ventures, LLC.
TM Power Ventures, LLC had a 100-percent ownership in TM Delmarva
Power, LLC.
TM Delmarva Power, LLC had a 50-percent ownership interest in
Commonwealth Chesapeake Company, LLC.
7. TPS DELL, LLC
At December 31, 2000
TECO Power Services Corporation had a 100-percent ownership
interest in TECO Power Ventures, Inc.
TECO Power Ventures, Inc. had a 100-percent ownership interest in
TPS Power Ventures, LLC.
TPS Power Ventures, LLC has a 100-percent ownership interest in
TPS Dell, LLC.
8. TPS MCADAMS, LLC
At December 31, 2000
TECO Power Services Corporation had a 100-percent ownership
interest in TECO Power Ventures, Inc.
TECO Power Ventures, Inc. had a 100-percent ownership interest in
TPS Power Ventures, LLC.
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TPS Power Ventures, LLC had a 100-percent ownership interest in
TPS McAdams, LLC.
9. UNION POWER PARTNERS, L.P.
At December 31, 2000
TECO Power Services Corporation had a 100-percent interest in TPS
LP, Inc. and TPS GP, Inc.
TPS LP, Inc. had a 49-percent interest in TECO Panda Generating
Company, L.P.
TPS GP, Inc. had a 1-percent interest in TECO-Panda Generating
Company, L.P.
TECO-Panda Generating Company, L.P. had a 100-percent interest in
Union Power I, LLC and Union Power II, LLC.
Union Power I, LLC had a 1-percent interest in Union Power
Partners, L.P.
Union Power II, LLC had a 99-percent interest in Union Power
Partners, L.P.
10. PANDA GILA RIVER, L.P.
At December 31, 2000
TECO Power Services Corporation had a 100-percent interest in TPS
LP, Inc. and TPS GP, Inc.
TPS LP, Inc. had a 49-percent interest in TECO-Panda Generating
Company, L.P.
TPS GP, Inc. had a 1-percent interest in TECO-Panda Generating
Company, L.P.
TECO-Panda Generating Company, L.P. had a 100-percent interest in
Panda Gila River I, LLC and Panda Gila River II, LLC.
Panda Gila River I, LLC had a 1-percent interest in Panda Gila
River, L.P.
Panda Gila River II, LLC had a 99-percent interest in Panda Gila
River, L.P.
11. HAMAKUA ENERGY PARTNERS, L.P.
At December 31, 2000
TECO Power Services Corporation had a 100-percent interest in TPS
Hamakua, Inc. and TPS Hawaii, Inc.
TPS Hamakua, Inc. had a 1-percent interest in Hamakua Energy
Partners, L.P.
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TPS Hawaii, Inc. had a 49-percent interest in Hamakua Energy
Partners, L.P.
(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.
1. TCAE
At December 31, 2000:
TECO Power Services Corporation had advanced $22,666,262 to TPS
Guatemala One, Inc.
TPS Guatemala One, Inc. had invested in $5,825,963 TCAE.
Standby letters of credit totaling $5.7 million at December 31,
2000 were provided by TECO Energy to support certain activities of
TCAE.
2. EEGSA
At December 31, 2000:
TECO Power Services Corporation had invested $302,787,584 in TPS
International Power, Inc.
TPS International Power, Inc. had invested $114,146,553 in TPS de
Ultramar, Ltd.
TPS de Ultramar, Ltd. had invested $114,987,486 in TPS de Ultramar
Guatemala, S.A.
TPS de Ultramar Guatemala, S.A. had invested $110,542,579 in DECA
II.
DECA II had invested $520,000,000 in EEGSA.
Guarantees totaling $15 million at December 31, 2000 were provided
by TECO Energy to support certain activities of EEGSA.
3. CGESJ
At December 31, 2000:
TECO Power Services Corporation had an invested $302,787,584 in
TPS International Power, Inc.
TPS International Power, Inc. had invested $150,772,940 TPS San
Jose, LDC.
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30
TPS San Jose, LDC had invested $151,490 in the class A shares of
San Jose Power Holding Company, Ltd.
TPS San Jose, LDC had invested $91,915 in Palm Import and Export
Corporation.
TPS San Jose, LDC had invested $131,905,814 in Triangle Finance
Company, LLC.
Palm Import and Export Corporation had invested $13,173 in the
class A shares of San Jose Power Holding Company, Ltd.
Triangle Finance Company, LLC had invested $131,905,814 in CGESJ.
San Jose Power Holding Company, Ltd. had invested $151,490 in
CGESJ.
Palm Import and Export Corporation had invested $91,915 in CGESJ.
Standby letters of credit and guarantees totaling $18.4 million at
December 31, 2000 were provided by TECO Energy to support certain
activities of CGESJ.
4. ECK GENERATING, S.R.O
At December 31, 2000:
TECO Power Services Corporation had invested $160,868,862 in TM
Power Ventures, LLC.
TM Power Ventures, LLC had invested $20,312,659 in TM Czech Power
LLC.
TM Czech Power LLC had invested $20,312,659 in TM Kladno
Electricidad, s.r.l.
TM Kladno Electricidad, s.r.l. had invested $20,312,659 in TM
Kladno B.V.
TM Kladno B.V. had invested $20,312,659 in Nations Kladno B.V.
Nations Kladno B.V. had invested $20,312,659 in Matra Powerplant
Holdings, B.V.
Matra Powerplant Holdings, B.V. had invested $20,312,659 in ECK
Generating, s.r.o.
Standby letters of credit totaling $3.8 million at December 31,
2000 were provided by TECO Energy to support certain activities of
ECK Generating, s.r.o.
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31
5. ENERGETICKE CENTRUM KLADNO, A.S.
At December 31, 2000:
TECO Power Services Corporation had invested $100,000 in TM Power
Ventures, LLC.
TM Power Ventures, LLC had invested $100,000 in TM ECK LLC.
TM ECK LLC had invested $100,000 in Nations Kladno (II) B.V.
Nations Kladno (II) B.V. had invested $100,000 in Energeticke
Centrum Kladno, a.s.
6. COMMONWEALTH CHESAPEAKE COMPANY LLC
At December 31, 2000:
TECO Power Services Corporation had invested $160,868,862 in TM
Power Ventures, LLC.
TM Power Ventures, LLC had invested $139,100,775 in TM Delmarva
Power LLC.
TM Delmarva Power, LLC had invested $139,100,775 in Commonwealth
Chesapeake Company, LLC.
7. TPS DELL, LLC
At December 31, 2000:
TECO Power Services Corporation had invested $53,037,114 in TECO
Power Ventures, Inc.
TECO Power Ventures, Inc. had invested $53,037,114 in TPS Power
Ventures, LLC.
TPS Power Ventures, LLC had invested $53,037,114 in TPS Dell, LLC.
8. TPS MCADAMS, LLC
At December 31, 2000:
TECO Power Services Corporation had invested $58,740,605 in TECO
Power Ventures, Inc.
TECO Power Ventures, Inc. had invested $58,740,605 in TPS Power
Ventures, LLC.
TPS Power Ventures, LLC had invested $58,740,605 in TPS McAdams,
LLC.
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9. UNION POWER PARTNERS, L.P.
At December 31, 2000:
TECO Power Services Corporation had invested $120,367,434 in Union
Power Partners, L.P.
10. PANDA GILA RIVER, L.P.
At December 31, 2000:
TECO Power Services Corporation had invested $76,938,468 in Panda
Gila River, L.P.
11. HAMAKUA ENERGY PARTNERS, L.P.
At December 31, 2000:
TECO Power Services Corporation had invested $24,589 in TPS
Hamakua, Inc.
TECO Power Services Corporation had invested $1,156,844 in TPS
Hawaii, Inc.
TPS Hamakua, Inc. had invested $24,589 in Hamakua Energy Partners,
L.P.
TPS Hawaii, Inc. had invested $1,156,844 in Hamakua Energy
Partners, L.P.
(d) Capitalization and earnings of the EWG or foreign utility
company during the reporting period.
Total capitalization of TCAE at December 31, 2000 was $15,872,479.
Total earnings of TCAE for the year ended December 31, 2000 were
$6,497,557. TPS Guatemala One's portion of the earnings of TCAE
for the year ended December 31, 2000 was $6,241,554.
Total capitalization of EEGSA at December 31, 1999 was
$385,154,000. Total earnings of EEGSA for the year ended December
31, 1999 were $21,266,000. (6)
Total capitalization of CGESJ at December 31, 2000 was
$130,658,423. Total earnings of CGESJ at December 31, 2000 was
$18,549,480 (project went into commercial operation in January,
2000).
Total capitalization of ECK Generating, s.r.o. at December 31,
2000 was $20,312,659. TM Power Venture's portion of the earnings
of ECK Generating, s.r.o. for the year ended December 31, 2000 was
$0.
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Total capitalization of Energeticke Centrum Kladno, a.s. at
December 31, 2000 was $100,000. TM Power Venture's portion of the
earnings of Energeticke Centrum Kladno, a.s. for the year ended
December 31, 2000 was $0.
Total capitalization of Commonwealth Chesapeake Company, LLC at
December 31, 2000 was $137,972,752. TM Power Venture's portion of
the earnings of Commonwealth Chesapeake Company, LLC were at a
loss for the year ended December 31, 2000.
Total capitalization of TPS Dell, LLC at December 31, 2000 was
$53,037,114. Total earnings of TPS Dell, LLC at December 31, 2000
was $0.
Total capitalization of TPS McAdams, LLC at December 31, 2000 was
$58,740,606. Total earnings of TPS McAdams, LLC at December 31,
2000 was $0.
Total capitalization of Union Power Partners, LP at December 31,
2000 was $120,367,434. Total earnings of Union Power Partners, LP
at December 31, 2000 was $0.
Total capitalization of Panda Gila River, LP at December 31, 2000
was $76,938,468. Total earnings of Panda Gila River, LP at
December 31, 2000 was $0.
Total capitalization of Hamakua Energy Partners, LP at December
31, 2000 was $1,181,433. Total earnings of Hamakua Energy
Partners, LP were at a loss for the year ended December 31, 2000.
(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).
1. TPS Operaciones de Guatemala, Limitada (TPS Operaciones)
has an agreement to provide operations and maintenance
services to CGESJ. TPS Operaciones is reimbursed for its
direct expenses and receives an operating fee which was
$9,000/month prior to operations and is $20,000/month
(with performance incentives and price escalation based on
the CPI - Consumer Price Index (CPI) during the operations
period.
2. TPS Administraciones, Limitada (TPS Administraciones) has
an agreement to provide administrative and support
services to CGESJ. TPS Administraciones is receiving a
$75,000 fee per year with price escalation based on the
CPI and is being reimbursed for its direct costs.
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34
3. TECO Power has an agreement to provide engineering and
construction management services to San Jose Power Holding
Company, Ltd. TECO Power is being reimbursed for its
direct costs.
4. TPS Operaciones has an agreement to provide operations and
maintenance services to TCAE. TPS Operaciones is
reimbursed for its direct expenses and receives an
operating fee of $32,000/month beginning September 2000.
The operating fee is to be escalated each year during the
term based on the CPI. A bonus/penalty is paid/assessed
to/against TPS Operaciones based on performance
guarantees.
5. TPS Administraciones provides administrative and support
services to TCAE. TPS Administraciones receives a
$5,000/month fee and is being reimbursed for its direct
costs.
6. TPS Virginia Operations Company (VAOPS) and CCC are
currently in negotiations for VAOPS to perform operations
and maintenance functions for CCC. The services provided
by VAOPS personnel are not reimbursable until the contract
agreement is formed. As of December 31, 2000, this
outstanding amount totaled $727,671.
Attached hereto as Exhibit A are consolidating balance sheets and statements of
income and retained earnings for the twelve months ended December 31, 2000 of
TECO Energy, TECO Power, and Hardee Power I, and their subsidiaries.
Exhibit B, Financial Data Schedule, was included in the filing made
electronically with the Securities and Exchange Commission of this document via
EDGAR as Exhibit 27 (Ex-27).
Attached hereto as Exhibit C is an organizational chart showing the relationship
of TECO Energy, TECO Power and their subsidiaries and the EWG's and foreign
utility companies set forth in Item 4(a).
Each of TECO Energy, TECO Power, and Hardee Power I has caused this statement to
be duly executed on its behalf by its authorized officer on this 28th day of
February, 2001.
(5) The original filing for CCC for EWG status was December 21, 1998. EWG
status reaffirmed February 2, 2000 after change in upstream ownership.
(6) The earnings and capitalization for EEGSA are not available until April
2001. Due to receiving this information after March 1, reporting for
EEGSA will be on a one-year lag from the year filed.
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(CORPORATE SEAL) TECO ENERGY, INC.
ATTEST: BY: /s/ S.A. MYERS
---------------------------
S.A. Myers
Vice President-Corporate
Accounting and Tax
D. E. SCHWARTZ, SECRETARY
(CORPORATE SEAL) TECO POWER SERVICES CORPORATION
ATTEST: BY: /s/ A.D. REMMERS
---------------------------
A. Dean Remmers
Vice President-Controller
D. E. SCHWARTZ, SECRETARY
(CORPORATE SEAL) HARDEE POWER I, INC.
ATTEST: BY: /s/ A.D.REMMERS
----------------------------
A. Dean Remmers
Vice President-Controller
D. E. SCHWARTZ, SECRETARY
Name, title and address of officer to whom notices and correspondence concerning
this statement should be addressed:
Name: S. A. Myers
Title: Vice President-Corporate Accounting & Tax
Address: TECO Energy, Inc.
TECO Plaza
702 N. Franklin Street
Tampa, FL 33602
35
36
Exhibit A
Page 1 of 18
TECO ENERGY, INC
CONSOLIDATING BALANCE SHEET
December 31, 2000
(thousands of dollars)
Tampa TECO
Electric Diversified TECO Energy- TECO Energy, Inc.
Company Companies(1) Parent/Other(2) Finance Eliminations (Consolidated)
------- ------------ --------------- ------- ------------ --------------
Assets
Current Assets:
Cash and Cash Equivalents $ (345) $ 54,664 $ 45,147 $ 137 $ -- $ 99,603
Short Term Investments -- 6 -- -- -- 6
Receiv. less allow for uncollect 185,560 566,266 1,097,601 877,911 (2,143,972) 583,366
Inventories at average cost: -- -- --
Fuel 56,826 10,483 -- -- -- 67,309
Materials & Supplies 52,400 24,759 3 -- -- 77,162
Prepayments 3,321 11,130 -- 7,945 -- 22,396
----------- ----------- ----------- ----------- ----------- -----------
297,762 667,308 1,142,751 885,993 (2,143,972) 849,842
Investment in subsidiaries -- -- 1,907,576 -- (1,907,576) --
Property, plant & equip. orig cost
Utility plant in svc - electric 4,054,055 469,081 -- -- -- 4,523,136
Utility plant in svc - gas 632,138 -- -- -- -- 632,138
CWIP 150,129 182,073 -- -- -- 332,202
Other property 8,261 1,064,064 -- -- 670 1,072,995
----------- ----------- ----------- ----------- ----------- -----------
4,844,583 1,715,218 -- -- 670 6,560,471
Less Accum. Depr 1,931,331 658,993 -- -- -- 2,590,324
----------- ----------- ----------- ----------- ----------- -----------
2,913,252 1,056,225 -- -- 670 3,970,147
Other Assets
Other investments -- 355,874 58,855 -- -- 414,729
Deferred income tax 124,268 8,583 3,086 -- (21,207) 114,730
Deferred charges & other assets 218,623 168,755 1,728 -- (62,345) 326,761
----------- ----------- ----------- ----------- ----------- -----------
342,891 533,212 63,669 -- (83,552) 856,220
----------- ----------- ----------- ----------- ----------- -----------
$ 3,553,905 $ 2,256,745 $ 3,113,996 $ 885,993 $(4,134,430) $ 5,676,209
=========== =========== =========== =========== =========== ===========
---------
(1) Diversified companies consist of: TECO Diversified Consolidated, TECO Power
Services Consolidated, TECO Stevedoring, TECO Propane Ventures and Peoples
Sales and Service.
(2) TECO Energy Parent/Other consist of: TECO Energy Parent, TECO Investments
and several non-operating subsidiaries.
37
Exhibit A
Page 2 of 18
TECO ENERGY, INC.
CONSOLIDATING BALANCE SHEET
December 31, 2000
(thousand of dollars)
Tampa TECO
Electric Co Diversified TECO Energy- TECO Energy, Inc.
Company Companies(1) Parent/Other(2) Finance Eliminations (Consolidated)
------- ------------ --------------- ------- ------------ -------------
Current liabilities
Long-term debt due w/i 1 year $ 55,220 $ 32,074 $ 150,000 $ -- $ -- $ 237,294
Notes payable 231,150 144 61,537 977,800 (61,681) 1,208,950
Accounts payable 192,159 1,157,473 999,654 13,941 (2,088,373) 274,854
Customer deposits 82,398 -- -- -- -- 82,398
Interest accrued 34,175 1,920 5,642 133 -- 41,870
Taxes accrued 71,595 (11,366) (2,622) (3,411) 260 54,456
----------- ----------- ----------- ----------- ----------- -----------
666,697 1,180,245 1,214,211 988,463 -- 1,899,822
Deferred income taxes 424,517 85,247 (43,315) -- (21,207) 445,242
Investment tax credit 36,071 836 -- -- -- 36,907
Regulatory liability-tax related 72,393 -- -- -- (62,345) 10,048
Other deferred credits 117,777 35,442 49,523 -- -- 202,742
Long-term debt, less amt due w/i 1 yr 789,346 376,588 199,657 9,000 -- 1,374,591
Redeemable preferred securities -- -- 200,000 -- 200,000
Common stock 1,148,125 490,802 409,316 100 (1,662,448) 385,895
Retained earnings 298,979 87,585 1,137,253 (111,570) (238,636) 1,173,611
Unearned comp.related to ESOP -- -- (52,649) -- -- (52,649)
----------- ----------- ----------- ----------- ----------- -----------
$ 3,553,905 $ 2,256,745 $ 3,113,996 $ 885,993 $(4,134,430) $ 5,676,209
=========== =========== =========== =========== =========== ===========
-----------
(1) Diversified companies consist of: TECO Diversified Consolidated, TECO Power
Services Consolidated, TECO Stevedoring, TECO Propane Ventures and Peoples
Sales and Service.
(2) TECO Energy Parent/Other consist of: TECO Energy Parent, TECO Investments
and several non-operating subsidiaries.
38
Exhibit A
Page 3 of 18
TECO ENERGY
CONSOLIDATING STATEMENT OF INCOME
TWELVE MONTHS ENDED December 31, 2000
(thousands of dollars)
Tampa TECO
Electric Diversified TECO Energy- TECO Energy
Company Companies(1) Parent/Other (2) Finance Eliminations (Consolidated)
------- ----------------------------- ------- ------------ --------------
Revenue $ 1,668,280 $ 855,138 $ -- $ 1,957 $ (230,236) $ 2,295,139
Expenses
Operation 919,680 636,913 8,632 2,058 (245,167) 1,322,116
Maintenance 99,853 40,126 -- -- -- 139,979
Depreciation 187,357 80,798 -- -- 44 268,199
Asset Adjustment -- -- -- -- -- --
Taxes-other than income 120,845 30,364 (1) -- -- 151,208
Taxes-Fed & State income 95,771 (68,334) -- -- (27,437) --
----------- ----------- ----------- ----------- ----------- -----------
1,423,506 719,867 8,631 2,058 (272,560) 1,881,502
----------- ----------- ----------- ----------- ----------- -----------
Income from operations 244,774 135,271 (8,631) (101) 42,324 413,637
Other income (expense)
Allowance for other funds 1,647 -- -- -- -- 1,647
Other income (expense), net (60) 28,959 (2,033) -- (5,808) 21,058
Preferred div. req. of Tpa Ele -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
1,587 28,959 (2,033) -- (5,808) 22,705
----------- ----------- ----------- ----------- ----------- -----------
Income before Int. & income taxes 246,361 164,230 (10,664) (101) 36,516 436,342
Interest charges --
Interest expense 80,693 7,407 13,599 55,418 10,455 167,572
Allow. for borrowed funds (636) -- -- -- -- (636)
----------- ----------- ----------- ----------- ----------- -----------
80,057 7,407 13,599 55,418 10,455 166,936
----------- ----------- ----------- ----------- ----------- -----------
Income before prov. for inc. tax 166,304 156,823 (24,263) (55,519) 26,061 269,406
Prov for income taxes -- 22,378 (8,524) (21,416) 26,088 18,526
----------- ----------- ----------- ----------- ----------- -----------
Net Income 166,304 134,445 (15,739) (34,103) (27) 250,880
=========== =========== =========== =========== =========== ===========
---------------
(1) Diversified companies consist of: TECO Diversified Consolidated, TECO Power
Services Consolidated, TECO Stevedoring, TECO Propane Ventures and Peoples
Sales and Service.
(2) TECO Energy Parent/Other consist of: TECO Energy Parent, TECO Investments
and several non-operating subsidiaries.
39
Exhibit A
Page 4 of 18
TECO ENERGY, INC
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 2000
(thousands of dollars)
Tampa TECO
Electric Diversified TECO Energy - TECO Energy, Inc
Company Companies (1) Parent/Other (3) Finance Eliminations (Consolidated)
------- ------------- ---------------- ------- ------------ --------------
Balance, beginning of period $ 283,909 $ 71,371 $ 1,055,058 $ (77,468) $ (246,526) $ 1,086,344
Add:
Net Income 166,304 134,445 245,808(2) (34,103) (261,574) 250,880
Other Comprehensive Income -- -- 2,023 2,023
Tax benefits - ESOP Dividends 1,748 1,748
----------- ----------- ----------- ----------- ----------- -----------
450,213 205,816 1,304,637 (111,571) (508,100) 1,340,995
Deduct:
Cash dividends on capital stock
Preferred -- -- -- -- -- --
Common 151,234 108,264 167,384 -- (259,497) 167,384
Other - Adjustment -- 9,967(4) -- (9,967) --
----------- ----------- ----------- ----------- ----------- -----------
Balance, end of period $ 298,979 $ 87,585 $ 1,137,253 $ (111,570) $ (238,636) $ 1,173,611
------------
(1) Diversified companies consist of: TECO Diversified Consolidated, TECO Power
Services Consolidated, TECO Stevedoring, TECO Propane Ventures and Peoples
Sales and Service.
(2) Includes $261,621 of TECO Energy's equity in earnings of subsidiaries.
(3) TECO Energy Parent/Other consist of: TECO Energy Parent, TECO Investments
and several other non-operating subsidiaries.
(4) This adjustment reflects the reclassification at the propane business as a
result of the creation of TECO Propane Ventures, LLC.
40
Exhibit A
Page 5 of 18
TECO DIVERSIFIED, INC.
CONSOLIDATING BALANCE SHEET
December 31, 2000
(thousand of dollars)
TECO TECO
TECO TECO TECO TECO Diversified Diversified
Solutions Coal Transport CBM Parent Eliminations (Consolidated)
--------- ---- --------- --- ------ ------------ --------------
Assets
Current Assets:
Cash and Cash Equ $ 8,160 $ 4,622 $ 587 $ 4,415 $ 98 $ -- $ 17,882
Short Term Inv -- 6 -- -- -- -- 6
Receiv. less allow for uncollect 66,352 46,813 82,244 9,573 117,114 (63,085) 259,011
Inventories at average cost: --
Fuel -- 7,262 -- -- -- -- 7,262
Materials & Supplies (4) 2,969 15,641 -- -- -- 18,606
Prepayments 4,236 3,430 538 -- -- -- 8,204
--------- -------- -------- -------- --------- ----------- ----------
78,744 65,102 99,010 13,988 117,212 (63,085) 310,971
Investment in subsidiaries -- -- -- -- 365,138 (365,138) --
Property, plant & equip. orig cost
Utility plant in svc - ele -- -- -- -- -- -- --
Utility plant in svc - gas -- -- -- -- -- -- --
CWIP 254 4,313 8,303 -- -- -- 12,870
Other property 15,351 251,876 572,932 216,155 -- -- 1,056,314
--------- -------- -------- -------- --------- ----------- ----------
15,605 256,189 581,235 216,155 -- -- 1,069,184
Less Accum. Depr 3,175 97,906 369,732 123,459 -- -- 594,272
--------- -------- -------- -------- --------- ----------- ----------
12,430 158,283 211,503 92,696 -- -- 474,912
Other Assets
Other investments 8,345 -- -- -- -- -- 8,345
Deferred income tax 1,913 6,377 293 -- -- -- 8,583
Deferred charges & other assets 40,206 16,529 453 -- -- -- 57,188
--------- -------- -------- -------- --------- ----------- ----------
50,464 22,906 746 -- -- -- 74,116
--------- -------- -------- -------- --------- ----------- ----------
$ 141,638 $246,291 $311,259 $106,684 $ 482,350 $ (428,223) $ 859,999
========= ======== ======== ======== ========= =========== ==========
41
Exhibit A
Page 6 of 18
TECO DIVERSIFIED, INC.
CONSOLIDATING BALANCE SHEET
December 31, 2001
(thousands of dollars)
TECO TECO
TECO TECO TECO TECO Diversified Diversified
Solutions Coal Transport CBM Parent Eliminations (Consolidated)
--------- ---- --------- --- ------ ------------ -------------
Current liabilities
Long-term debt due w/i 1 year $ 10,118 $ -- $ 2,153 $ -- $ -- $ -- $ 12,271
Notes payable 144 -- -- 63,084 -- (63,084) 144
Accounts payable 44,505 76,233 32,158 5,714 -- (1) 158,609
Customer deposits -- -- -- -- -- -- --
Interest accrued 2 -- 863 -- -- -- 865
Taxes accrued 880 (11,591) (1,235) 107 -- -- (11,839)
--------- --------- --------- -------- --------- --------- ---------
55,649 64,642 33,939 68,905 -- (63,085) 160,050
Deferred income taxes (136) 2,215 24,788 28,358 -- -- 55,225
Investment tax credit -- -- 836 -- -- -- 836
Regulatory liability-tax related -- -- -- -- -- -- --
Other deferred credits 2,986 4,639 15,472 297 -- -- 23,394
Long-term deb, less amt due w/i 1 yr -- -- 138,144 -- -- -- 138,144
Preferred stock of Tpa Electric -- -- -- -- -- -- --
Common stock 83,845 148,677 53,456 -- 419,073 (285,978) 419,073
Retained earnings (706) 26,118 44,624 9,124 63,277 (79,160) 63,277
Unearned comp.related to ESOP -- -- -- -- -- -- --
--------- --------- --------- -------- --------- --------- ---------
$ 141,638 $ 246,291 $ 311,259 $106,684 $ 482,350 $(428,223) $ 859,999
========= ========= ========= ======== ========= ========= =========
42
Exhibit A
Page 7 of 18
TECO DIVERSIFIED, INC.
CONSOLIDATING STATEMENT OF INCOME
TWELVE MONTHS ENDED December 31, 2000
(thousands of dollars)
TECO TECO
TECO TECO TECO TECO Diversified Diversified
Solutions Coal Transport CBM Parent Eliminations (Consolidated)
--------- ---- --------- --- ------ ------------ --------------
Revenue $ 72,236 $ 232,830 $269,837 $ 43,069 $-- $ -- $ 617,972
Expenses
Operation 73,332 204,270 168,275 17,024 -- -- 462,901
Maintenance -- 11,817 21,495 -- -- -- 33,312
Depreciation 780 26,915 21,942 10,187 -- -- 59,824
Asset Adjustment -- -- -- -- -- -- --
Taxes-other than income 680 16,723 6,219 3,261 -- -- 26,883
Taxes-Fed & State income -- (52,130) -- (16,204) -- -- (68,334)
--------- --------- -------- -------- --- -------- ---------
74,792 207,595 217,931 14,268 -- -- 514,586
--------- --------- -------- -------- --- -------- ---------
Income from operations (2,556) 25,235 51,906 28,801 -- -- 103,386
Other income (expense) --
Allowance for other funds -- -- -- -- -- -- --
Other income (expense), net 95 22 5 -- -- -- 122
Preferred div. req. of Tpa Electric -- -- -- -- -- -- --
--------- --------- -------- -------- --- -------- ---------
95 22 5 -- -- -- 122
--------- --------- -------- -------- --- -------- ---------
Income before Int. & income taxes (2,461) 25,257 51,911 28,801 -- -- 103,508
Interest charges --
Interest expense 2 -- 7,390 -- -- -- 7,392
Allow. for borrowed funds -- -- -- -- -- -- --
--------- --------- -------- -------- --- -------- ---------
2 -- 7,390 -- -- -- 7,392
--------- --------- -------- -------- --- -------- ---------
Income before prov. for inc. tax (2,463) 25,257 44,521 28,801 -- -- 96,116
Prov for income taxes (890) (12,260) 15,836 5,397 -- -- 8,083
--------- --------- -------- -------- --- -------- ---------
Net Income $ (1,573) $ 37,517 $ 28,685 $ 23,404 $-- $ -- $ 88,033
========= ========= ======== ======== ==== ======== =========
43
Exhibit A
Page 8 of 18
TECO DIVERSIFIED, INC.
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 2000
(thousands of dollars)
TECO TECO
TECO TECO TECO TECO Diversified Diversified
Solutions Coal Transport CBM Parent Eliminations (Consolidated)
--------- ---- --------- --- ------ ------------ --------------
Balance, beginning of period $ 4,654 $11,771 $45,819 $ 9,450 $ 54,489 $ (71,694) $ 54,489
Add:
Net Income (1,575) 37,517 28,685 23,403 88,033 (88,030) 88,033
Earnings of sub's
Comprehensive Income
Tax benefits - ESOP Dividends
-------- ------- ------- -------- --------- --------- --------
3,079 49,288 74,504 32,853 142,522 (159,724) 142,522
Deduct:
Cash dividends on capital stock
Preferred
Common 3,785 23,170 30,185 23,729 79,245 (80,869) 79,245
Other - Adjustment (305)(1) 305 --
-------- ------- ------- -------- --------- --------- --------
Balance, end of period $ (706) $26,118 $44,624 $ 9,124 $ 63,277 $ (79,160) $ 63,277
======== ======= ======= ======== ========= ========= ========
---------
(1) Reclass includes transfer of GC Services to a direct TECO Energy subsidiary
(thru Stevedoring Services, Inc.)
44
Exhibit A
Page 9 of 18
TECO SOLUTIONS, INC.
CONSOLIDATING BALANCE SHEET
December 31, 2000
(thousand of dollars)
TECO TECO
BCH TECO TECO TECO Solutions Solutions
Mechanical BGA Gas Svc Properties Parent Eliminations (Consolidated)
---------- --- ------- ---------- ------ ------------ --------------
Assets
Current Assets:
Cash and Cash Equ $ 5,077 $ 997 $ 1,660 $ 409 $ 17 $ -- $ 8,160
Short Term Inv -- --
Receiv. less allow for uncollect 14,989 23,550 9,903 17,910 -- -- 66,352
Inventories at average cost: -- --
Fuel -- -- -- -- -- -- --
Materials & Supplies (4) -- -- -- -- -- (4)
Prepayments 3,328 903 5 -- -- -- 4,236
-------- ------- ------- ------- -------- --------- ---------
23,390 25,450 11,568 18,319 17 -- 78,744
Investment in subsidiaries -- -- -- -- 83,122 (83,122) --
Property, plant & equip. orig cost
Utility plant in svc - ele -- -- -- -- -- -- --
Utility plant in svc - gas -- -- -- -- -- -- --
CWIP 245 -- 9 -- -- -- 254
Other property 2,147 1,557 83 11,564 -- -- 15,351
-------- ------- ------- ------- -------- --------- ---------
2,392 1,557 92 11,564 -- -- 15,605
-------- ------- ------- ------- -------- --------- ---------
Less Accum. Depr 1,901 724 29 521 -- -- 3,175
-------- ------- ------- ------- -------- --------- ---------
491 833 63 11,043 -- -- 12,430
Other Assets
Other investments -- -- -- 8,345 -- -- 8,345
Deferred income tax 30 -- -- 1,883 -- -- 1,913
Deferred charges & other assets 25,585 6,803 -- 7,818 -- -- 40,206
-------- ------- ------- ------- -------- --------- ---------
25,615 6,803 -- 18,046 -- -- 50,464
-------- ------- ------- ------- -------- --------- ---------
$ 49,496 $33,086 $11,631 $47,408 $ 83,139 $ (83,122) $ 141,638
======== ======= ======= ======= ======== ========= =========
45
Exhibit A
Page 10 of 18
TECO SOLUTIONS, INC.
CONSOLIDATING BALANCE SHEET
December 31, 2000
(thousands of dollars)
TECO TECO
BCH TECO TECO TECO Solutions Solutions
Mechanical BGA Gas Svc Properties Parent Eliminations (Consolidated)
---------- --- ------- ---------- ------ ------------ --------------
Current liabilities
Long-term debt due w/i 1 year $ -- $ 10,118 $ -- $ -- $ -- $ -- $ 10,118
Notes payable -- -- -- 144 -- -- 144
Accounts payable 17,588 17,761 9,156 -- -- -- 44,505
Customer deposits -- -- -- -- -- -- --
Interest accrued 2 -- -- -- -- -- 2
Taxes accrued (181) 555 194 312 -- -- 880
-------- -------- ------- -------- -------- --------- ---------
17,409 28,434 9,350 456 -- -- 55,649
Deferred income taxes -- (138) 2 -- -- -- (136)
Investment tax credit -- -- -- -- -- -- --
Regulatory liability-tax related -- -- -- -- -- -- --
Other deferred credits 2,331 655 -- -- -- -- 2,986
Long-term deb, less amt due w/i 1 yr -- -- -- -- -- -- --
Preferred stock of Tpa Electric -- -- -- -- -- -- --
Common stock 30,163 3,692 1 49,985 83,845 (83,841) 83,845
Retained earnings (407) 443 2,278 (3,033) (706) 719 (706)
Unearned comp.related to ESOP -- -- -- -- -- -- --
-------- -------- ------- -------- -------- --------- ---------
$ 49,496 $ 33,086 $11,631 $ 47,408 $ 83,139 $ (83,122) $ 141,638
======== ======== ======= ======== ======== ========= =========
46
Exhibit A
Page 11 of 18
TECO SOLUTIONS, INC.
CONSOLIDATING STATEMENT OF INCOME
TWELVE MONTHS ENDED December 31, 2000
(thousands of dollars)
TECO TECO
BCH TECO TECO TECO TECO Solutions Solutions
Mechanical BGA Gas Svc Partners Properties Parent Eliminations (Consolidated)
---------- --- ------- -------- ---------- ------ ------------ --------------
Revenue $ 9,684 $ 36,305 $31,490 $ -- $(4,827) $ -- $ (416) $ 72,236
Expenses
Operation 9,702 34,251 29,107 -- 688 -- (416) 73,332
Maintenance -- -- -- -- -- -- -- --
Depreciation 362 406 6 -- 6 -- -- 780
Asset Adjustment -- -- -- -- -- -- -- --
Taxes-other than income -- 622 21 -- 37 -- -- 680
Taxes-Fed & State income -- -- -- -- -- -- -- --
-------- -------- ------- ---- ------- ----- -------- --------
10,064 35,279 29,134 -- 731 -- (416) 74,792
-------- -------- ------- ---- ------- ----- -------- --------
Income from operations (380) 1,026 2,356 -- (5,558) -- -- (2,556)
Other income (expense)
Allowance for other funds -- -- -- -- -- -- -- --
Other income (expense), net (283) (177) -- -- 555 -- -- 95
Preferred div. req. of Tpa Ele -- -- -- -- -- -- --
-------- -------- ------- ---- ------- ----- -------- --------
(283) (177) -- -- 555 -- -- 95
-------- -------- ------- ---- ------- ----- -------- --------
Income before Int. & income taxes (663) 849 2,356 -- (5,003) -- -- (2,461)
Interest charges
Interest expense 2 -- -- -- -- -- -- 2
Allow. for borrowed funds -- -- -- -- -- -- -- --
-------- -------- ------- ---- ------- ----- -------- --------
2 -- -- -- -- -- -- 2
-------- -------- ------- ---- ------- ----- -------- --------
Income before prov. for inc. tax (665) 849 2,356 -- (5,003) -- -- (2,463)
Prov for income taxes (258) 389 909 -- (1,930) -- -- (890)
-------- -------- ------- ---- ------- ----- -------- --------
Net Income $ (407) $ 460 $ 1,447 $ -- $(3,073) $ -- $ -- $ (1,573)
======== ======== ======= ==== ======= ===== ======== ========
47
Exhibit A
Page 12 of 18
TECO SOLUTIONS
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 2000
(thousands of dollars)
TECO TECO
BCH TECO TECO TECO TECO Solutions Solutions
Mechanical BGA Gas Svc Partners Properties Parent Eliminations (Consolidated)
---------- --- ------- ------------------- ------ ------------ --------------
Balance, beginning of period $ -- $ 577 $2,301 $ -- $ 1,776 $ 4,654 $(4,654) $ 4,654
Add:
Net Income (407) 460 1,447 -- (3,073) (1,573) 1,573 (1,573)
Earnings of sub's -- -- -- -- -- -- -- --
Comprehensive Income -- -- -- -- -- -- -- --
Tax benefits - ESOP Dividends -- -- -- -- -- -- -- --
------- ------ ------ ------- ------- ------- ------- -------
(407) 1,037 3,748 -- (1,297) 3,081 (3,081) 3,081
Deduct:
Cash dividends on capital stock
Preferred -- -- -- -- -- -- -- --
Common -- 594 1,470 -- 1,736 3,787 (3,799) 3,787
Other - Adjustment -- -- -- -- -- -- -- --
------- ------ ------ ------- ------- ------- ------- -------
Balance, end of period $ (407) $ 443 $2,278 $ -- $(3,033) $ (706) $ 719 $ (706)
======= ====== ====== ======= ======= ======= ======= =======
48
Exhibit A
Page 13 of 18
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2000
(thousands of dollars)
TPS Int'l TM Power
TECO Power Power Ventures Hardee
(parent only) (parent only) LLC TPS GO, Inc. Power I
------------- ------------- --- ------------ -------
Assets
Current assets
Cash and cash equivalents $ (1,200) $ 26,684 $ 926 $ 5,227 $ 3,804
Receivables 62,026 27,972 687 3,800 29,771
Inventories at average cost
Fuel -- 1,864 443 -- 914
Materials and supplies -- 1,581 274 856 3,154
Prepayments 1,474 695 41 612 60
----------- -------- -------- -------- --------
62,300 58,796 2,371 10,495 37,703
Investment in subsidiaries 505,238 141,752 18,243 -- --
Property, plant & equipment
at original cost
Plant in service 5,041 151,024 81,000 35,496 196,520
Construction work
in Process (CWIP) 114,417 -- 54,687 -- --
Other property 35 -- 336 286 --
----------- -------- -------- -------- --------
119,493 151,024 136,023 35,782 196,520
Less accum. deprec 882 6,032 959 7,317 44,980
----------- -------- -------- -------- --------
118,611 144,992 135,064 28,465 151,540
Other assets
Notes Receivable 367,720 10,876 -- -- --
Deferred charges &
other assets 14,901 76,162 5,191 9,102 6,201
----------- -------- -------- -------- --------
382,621 87,038 5,191 9,102 6,201
----------- -------- -------- -------- --------
$ 1,068,770 $432,578 $160,869 $ 48,062 $195,444
=========== ======== ======== ======== ========
49
Exhibit A
Page 14 of 18
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2000
(thousands of dollars)
TPS Int'l TM Power
Hardee TPS Pasco TPS TECO Power
Power II Operations Power VA Ops Eliminations (Consolidated)
-------- ---------- ----- ------ ------------ --------------
Assets
Current assets
Cash and cash equivalents $ -- $ 691 $ 1 $ 505 $ -- $ 36,638
Receivables 14,170 1,122 2 190 (70,324) 69,416
Inventories at average cost
Fuel -- -- -- -- -- 3,221
Materials and supplies -- -- -- -- -- 5,865
Prepayments -- (2) -- -- -- 2,880
------- ------- ---- --------- ----------- ----------
14,170 1,811 3 695 (70,324) 118,020
Investment in subsidiaries 34,761 -- -- -- (536,226) 163,768
Property, plant & equipment
at original cost
Plant in service -- -- -- -- -- 469,081
Construction work
in Process (CWIP) -- -- -- -- -- 169,104
Other property -- -- -- -- -- 657
------- ------- ---- --------- ----------- ----------
-- -- -- -- -- 638,842
Less accum. deprec -- -- -- -- -- 60,170
------- ------- ---- --------- ----------- ----------
-- -- -- -- -- 578,672
Other assets
Notes Receivable -- -- -- -- -- 378,596
Deferred charges &
other assets -- -- 7 6 -- 111,570
------- ------- ---- --------- ----------- ----------
-- -- 7 6 -- 490,166
------- ------- ---- --------- ----------- ----------
$48,931 $ 1,811 $ 10 $ 701 $ (606,550) $1,350,626
======= ======= ==== ========= =========== ==========
50
Exhibit A
Page 15 of 18
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2000
(thousands of dollars)
TPS Int'l TM Power
TECO Power Power Ventures Hardee
parent only) (parent only) LLC TPS GO, Inc. Power I
------------ ------------- --- ------------ -------
Current Liabilities
Long-term debt due
within one year $ -- $ 10,416 $ -- $ 2,442 $ 6,946
Accounts payable 987,980 153,597 5,330 24,588 15,968
Interest accrued 86 60 99 80 816
Taxes accrued 1,157 545 -- 68 75
----------- -------- --------- -------- --------
989,223 164,618 5,429 27,178 23,805
----------- -------- --------- -------- --------
Deferred income taxes (2,154) -- -- 963 4,366
Other deferred credits 1,145 -- -- 456 1,866
Sub debt - TECO Finance 13,750 -- -- -- --
Long-term debt, less
amount due within one year -- 102,785 -- 17,092 118,568
Other liabilities - MI -- -- 6,795 662 34,761
Common stock 52,341 132,788 157,427 1 10,973
Retained earnings 14,465 32,387 (8,782) 1,710 1,105
----------- -------- --------- -------- --------
$ 1,068,770 $432,578 $ 160,869 $ 48,062 $195,444
=========== ======== ========= ======== ========
51
Exhibit A
Page 16 of 18
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2000
(thousands of dollars)
Hardee TPS Pasco TPS TECO Power
Power II Operations Power VA Ops Eliminations (Consolidated)
-------- ---------- ----- ------ ------------ --------------
Current Liabilities
Long-term debt due
within one year $ -- $ -- $ -- $ -- $ -- $ 19,804
Accounts payable (625) 2,036 1 700 (207,935) 981,640
Interest accrued -- -- -- -- -- 1,141
Taxes accrued 226 (226) -- -- -- 1,845
-------- ------- ---- --------- ----------- ----------
(399) 1,810 1 700 (207,935) 1,004,430
-------- ------- ---- --------- ----------- ----------
Deferred income taxes 13,096 -- -- -- -- 16,271
Other deferred credits -- -- -- -- -- 3,467
Sub debt - TECO Finance -- -- -- -- -- 13,750
Long-term debt, less
amount due within one year -- -- -- -- -- 238,445
Other liabilities - MI -- -- -- -- (34,761) 7,457
Common stock 32,918 1 8 1 (334,118) 52,340
Retained earnings 3,316 -- 1 -- (29,736) 14,466
-------- ------- ---- --------- ----------- ----------
$ 48,931 $ 1,811 $ 10 $ 701 $ (606,550) $1,350,626
======== ======= ==== ========= =========== ==========
52
Exhibit A
Page 17 of 18
TECO POWER SERVICES CORPORATION
CONSOLIDATING INCOME STATEMENT
TWELVE MONTHS ENDED DECEMBER 31, 2000
(thousands of dollars)
TPS Int'l TM Power
TECO Power Power Ventures Hardee Hardee Pasco TECO Power
(parent only) (parent only) LLC TPS GO, Inc. Power I Power II Power (Consolidated)
------------- ------------- --- ------------ ------- -------- ----- --------------
Revenues $ 386 $55,620 $ 3,690 $ 16,971 $ 128,285 $ -- $ 1 $ 204,953
-------- ------- ------- --------- --------- ------- -------- ---------
Expenses
Operation 13,181 12,041 3,400 4,306 3,818 -- -- 36,746
Maintenance -- 2,765 29 -- 2,864 -- -- 5,658
Fuel -- 10,580 1,202 -- 56,411 -- -- 68,193
Depreciation 366 7,611 973 2,644 6,926 -- -- 18,520
BB4 - pass through -- -- -- -- 30,092 -- -- 30,092
Taxes other than income -- 105 -- 109 2,440 -- -- 2,654
-------- ------- ------- --------- --------- ------- -------- ---------
13,547 33,102 5,604 7,059 102,551 -- -- 161,863
-------- ------- ------- --------- --------- ------- -------- ---------
Income from operations (13,161) 22,518 (1,914) 9,912 25,734 -- 1 43,090
Other income 3,151 10,920 1,096 (1,046) (11,635) 11,797 -- 14,283
-------- ------- ------- --------- --------- ------- -------- ---------
Income before interest &
income taxes (10,010) 33,438 (818) 8,866 14,099 11,797 1 57,373
-------- ------- ------- --------- --------- ------- -------- ---------
Interest charges
Long-term debt (6,522) 6,242 -- 2,070 10,230 -- -- 12,020
Other interest expense -- -- 99 -- (63) -- -- 36
-------- ------- ------- --------- --------- ------- -------- ---------
(6,522) 6,242 99 2,070 10,167 -- -- 12,056
-------- ------- ------- --------- --------- ------- -------- ---------
Income before provision
for income taxes (3,488) 27,196 (917) 6,796 3,932 11,797 1 45,317
Equity Earnings - TPS Hamakua
and TM Hawaii (71) -- -- -- -- -- -- (71)
Provision for income taxes (165) 225 (355) 2,548 1,517 4,551 -- 8,321
-------- ------- ------- --------- --------- ------- -------- ---------
Net income $ (3,394) $26,971 $ (562) $ 4,248 $ 2,415 $ 7,246 $ 1 $ 36,925
======== ======= ======= ========= ========= ======= ======== =========
53
Exhibit A
Page 18 of 18
TECO POWER SERVICES CORPORATION
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED DECEMBER 31, 2000
(thousands of dollars)
TPS Int'l TM Power
TECO Power Power Ventures Hardee Hardee Pasco TECO Power
(parent only) (parent only) LLC TPS GO, Inc. Power I Power II Power Eliminations (Consolidated)
------------- ------------- -------- ------------ --------- -------- ------- ------------- -------------
Balance, beginning
of period $ 5,048 $ 9,532 $ (4,089) $10,989 $ 916 $ 2,762 $ -- $(20,110) $ 5,048
Add: Net income (3,394) 26,971 (562) 4,248 2,415 7,246 1 -- 36,925
-------- -------- -------- ------- ------- ------- -------- -------- -------
1,654 36,503 (4,651) 15,237 3,331 10,008 1 (20,110) 41,973
Deduct:
Cash dividends on
capital stock -
Common (12,811) 4,116 4,131 13,527 2,226 6,692 -- 9,626 27,507
-------- -------- -------- ------- ------- ------- -------- -------- -------
Balance, end
of period $ 14,465 $ 32,387 $ (8,782) $ 1,710 $ 1,105 $ 3,316 $ 1 $(29,736) $14,466
======== ======== ======== ======= ======= ======= ======== ======== =======
54
EXHIBIT C
PAGE 1 OF 5
ORGANIZATIONAL CHART
SHOWING THE RELATIONSHIP OF EACH EWG
OR FOREIGN UTILITY COMPANY TO ASSOCIATE COMPANIES
IN THE HOLDING-COMPANY SYSTEM
1. TECO Energy, Inc.
TECO Power Services Corporation
TPS Guatemala One, Inc.
Tampa Centro Americana de Electricidad,
Ltda. - TCAE (an EWG)
2. TECO Power Services Corporation
TPS International Power, Inc.
TPS de Ultramar, Ltd.
TPS de Ultramar Guatemala, S.A.
Distribucion Electrica CentroAmericana
Dos, S.A.- DECA II
Empressa Electrica de Guatemala, S.A.
EEGSA (a foreign utility company)
3. TECO Power Services Corporation
TPS International Power, Inc.
TPS San Jose International, Inc.
TPS San Jose, LDC
TPS Palmera, LDC
Palm Import and Export Corporation
San Jose Power Holding Company, Ltd.
Central Generadora Electric San Jose,
S.R.L. - CGESJ (an EWG and a
foreign utility company)
4. TECO Power Services Corporation
TM Power Ventures, LLC
TM Czech Power LLC TM Kladno Electricidad s.r.l.
TM Kladno B.V.
Nations Kladno B.V.
Matra Powerplant Holdings B.V.
ECK Generating, s.r.o.
(an EWG)
5. TECO Power Services Corporation
TM Power Ventures, LLC
TM ECK LLC
Nations Kladno (II) B.V.
Energeticke Centrum Kladno, a.s.(a foreign
utility company)
55
EXHIBIT C
PAGE 2 OF 5
6. TECO Power Services Corporation
TM Power Ventures, LLC
TM Delmarva Power LLC
Commonwealth Chesapeake Company, LLC (an EWG)
7. TECO Power Services Corporation
TECO Power Ventures, Inc.
TPS Power Ventures, LLC
TPS Dell, LLC (an EWG)
8. TECO Power Services Corporation
TECO Power Ventures, Inc.
TPS Power Ventures, LLC
TPS McAdams, LLC(an EWG)
9. TECO Power Services Corporation
TPS LP, Inc.
TPS GP, Inc.
TECO-Panda Generating Company, L.P.
Union Power I, LLC
Union Power II, LLC
Union Power Partners, L.P. (an EWG)
10. TECO Power Services Corporation
TPS LP, Inc.
TPS GP, Inc.
TECO-Panda Generating Company, L.P.
Panda Gila River I, LLC
Panda Gila River II, LLC
Panda Gila River, L.P. (an EWG)
11. TECO Power Services Corporation
TPS Hamakua, Inc.
TPS Hawaii, Inc.
Hamakua Energy Partners, L.P. (an EWG)
The ownership percentages for the above at December 31, 2000 are as follows:
1. TECO Power Services Corporation had a 100-percent ownership interest
in TPS Guatemala One.
TPS Guatemala One, Inc. had a 96.06-percent ownership interest in
TCAE.
2. TECO Power Services Corporation had a 100-percent ownership interest
in TPS International Power, Inc.
56
EXHIBIT C
PAGE 3 OF 5
TPS International Power, Inc. had a 100-percent ownership interest
in TPS de Ultramar, Ltd.
TPS de Ultramar, Ltd. had a 99-percent ownership interest in TPS de
Ultramar Guatemala, S.A.
TPS International Power, Inc. had a 1-percent ownership interest in
TPS de Ultramar Guatemala.
TPS de Ultramar Guatemala, S.A. had a 30-percent ownership interest
in DECA II.
DECA II had an 80.79-percent ownership in EEGSA.
3. TECO Power Services Corporation had a 100-percent ownership interest
in TPS International Power, Inc.
TPS International Power, Inc. had a 100-percent ownership interest
in TPS San Jose International, Inc.
TPS San Jose International Power had a 99-percent ownership interest
in TPS San Jose, LDC.
TPS San Jose International, Inc. had a 1-percent ownership in TPS
San Jose, LDC.
TPS San Jose, LDC had a 92-percent interest in the class A shares of
San Jose Power Holding Company, Ltd.
Palm Import and Export Corporation had an 8-percent interest in the
class A shares of San Jose Power Holding Company, Ltd.
TPS San Jose, LDC had a 99-percent interest in Palm Import and
Export Corp.
TPS Palmera, LDC had a 1-percent interest in Palm Import and Export
Corporation.
San Jose Power Holding Company, Ltd. had a 92-percent interest in
CGESJ.
Palm Import and Export Corporation had an 8-percent interest in
CGESJ.
4. TECO Power Services Corporation had a 50-percent ownership interest
in TM Power Ventures, LLC
TM Power Ventures, LLC had a 100-percent ownership interest in TM
Czech Power LLC
TM Czech Power LLC had a 100-percent interest in TM Kladno
Electricidad, s.r.l.
57
EXHIBIT C
PAGE 4 OF 5
TM Kladno Electricidad, s.r.l. had a 100-percent interest in TM
Kladno, B.V.
TM Kladno B.V. had a 50-percent interest in Nations Kladno B.V.
Nations Kladno B.V. had a 30-percent interest in Matra Powerplant
Holdings, B.V.
Matra Powerplant Holdings, B.V. had an 89-percent interest in ECK
Generating, s.r.o.
5. TECO Power Services Corporation had a 50-percent ownership interest
in TM Power Ventures, LLC
TM Power Ventures, LLC had a 100-percent ownership in TM ECK LLC
TM ECK LLC had a 50-percent interst in Nations Kladno (II) B.V.
Nations Kladno (II) B.V. had a 26.7-percent interest in Energeticke
Centrum Kladno, a.s.
6. TECO Power Services Corporation had a 50-percent ownership interest
in TM Power Ventures, LLC
TM Power Ventures, LLC had a 100-percent ownership interest in TM
Delmarva Power, LLC
TM Delmarva Power, LLC had a 50-percent ownership interest in
Commonwealth Chesapeake Company, LLC
7. TECO Power Services Corporation had a 100-percent ownership interest
in TECO Power Ventures, LLC
TECO Power Ventures, LLC had a 100-percent ownership interest in TPS
Power Ventures, LLC
TPS Power Ventures, LLC had a 100-percent ownership interest in TPS
Dell, LLC
8. TECO Power Services Corporation had a 100-percent ownership interest
in TECO Power Ventures, LLC
TECO Power Ventures, LLC had a 100-percent ownership interest in TPS
Power Ventures, LLC
TPS Power Ventures, LLC had a 100-percent ownership interest in TPS
McAdams, LLC
9. TECO Power Services Corporation had a 100-percent ownership interest
in TPS LP, Inc. and TPS GP, Inc.
58
EXHIBIT C
PAGE 5 OF 5
TPS LP, Inc. and TPS GP, Inc. had a 50-percent ownership interest in
TECO-Panda Generating Company, L.P.
TECO-Panda Generating Company, L.P. had a 100-percent ownership
interest in Union Power I, LLC and Union Power II, LLC
Union Power I, LLC had a 1-percent ownership interest in Union Power
Partners, L.P.
Union Power II, LLC had a 99-percent ownership interest in Union
Power Partners, L.P.
10. TECO Power Services Corporation had a 100-percent ownership interest
in TPS LP, Inc. and TPS GP, Inc.
TPS LP, Inc. and TPS GP, Inc. had a 50-percent ownership interest in
TECO-Panda Generating Company, L.P.
TECO-Panda Generating Company, L.P. had a 100-percent ownership
interest in Panda Gila River I, LLC and Panda Gila River II, LLC
Panda Gila River I, LLC had a 1-percent ownership interest in Panda
Gila River, L.P.
Panda Gila River II, LLC had a 99-percent ownership interest in
Panda Gila River, L.P.
11. TECO Power Services Corporation had a 100-percent ownership interest
in TPS Hamakua, Inc. and TPS Hawaii, Inc.
TPS Hamakua, Inc. had a 1-percent ownership interest in Hamakua
Energy Partners, L.P.
TPS Hawaii, Inc. had a 49-percent ownership interest in Hamakua
Energy Partners, L.P.