FILE NO. 69-250
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM U-3A-2/A
Amendment No. 1
to
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:
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 owns no operating assets, but does own directly
or indirectly the common stock of, or an ownership interest in, 147
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, 84 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 name, location, state of organization and nature of business of the
claimants and every subsidiary thereof, other than any EWG or foreign
utility company in which claimant directly or indirectly holds an
interest are as follows:
2
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
TECO Energy, Inc. Florida. Parent company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Tampa Electric Company(1) Florida. Through its electric
TECO Plaza division (Tampa Electric), operates
702 North Franklin Street as an electric utility serving West
Tampa, FL 33602 Central Florida. Through its gas
division (Peoples Gas System),
operates as a local natural gas
distribution business serving
territories in Florida.
TERMCO, Inc. Florida. Acts as exclusive
TECO Plaza broker for Tampa Electric for
702 North Franklin Street the purchase and sale
Tampa, FL 33602 of real property.
Power Engineering & Florida. Engaged in the
Construction, Inc. engineering and construction of
TECO Plaza transmission and distribution
702 North Franklin Street facilities outside of Tampa
Tampa, FL 33602 Electric's retail service
territory.
TECO Investments, Inc.(1) Florida. Invests capital
TECO Plaza in short- and long-term
702 North Franklin Street financial investments.
Tampa, FL 33602
TECO Inventory Company(1) Florida. Non-operating company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Finance, Inc.(1) Florida. Provides financing
TECO Plaza for the unregulated activities
702 North Franklin Street of TECO Energy.
Tampa, FL 33602
TECO Oil & Gas, Inc.(1) Florida. Non-operating company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Diversified, Inc.(1) Florida. Holding company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Coal Corporation Kentucky. Holding company.
200 Allison Boulevard
Corbin, KY 40701
3
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
Bear Branch Coal Company Kentucky. Coal mining.
200 Allison Boulevard
Corbin, KY 40701
Raven Rock Development Kentucky. Real estate investment.
Corporation
200 Allison Boulevard
Corbin, KY 40701
Clintwood Elkhorn Mining Kentucky. Coal mining and
Company processing.
200 Allison Boulevard
Corbin, KY 40701
Gatliff Coal Company Kentucky. Coal mining and
200 Allison Boulevard processing.
Corbin, KY 40701
Pike-Letcher Land Company Kentucky. Land management.
200 Allison Boulevard
Corbin, KY 40701
Premier Elkhorn Coal Company Kentucky. Coal mining and
200 Allison Boulevard processing.
Corbin, KY 40701
Rich Mountain Coal Company Tennessee. Coal mining.
200 Allison Boulevard
Corbin, KY 40701
Perry County Coal Corporation Kentucky. Coal mining and
200 Allison Boulevard processing.
Corbin, KY 40701
Ray Coal Company, Inc. Kentucky. Land management.
200 Allison Boulevard
Corbin, KY 40701
Whitaker Coal Corporation Kentucky. Holds coal mining
200 Allison Boulevard permits.
Corbin, KY 40701
TECO Coalbed Methane, Inc. Alabama. Participates in
TECO Plaza the production of natural
702 North Franklin Street gas from coal seams.
Tampa, FL 33602
TECO Solutions, Inc. Florida. Holding company.
702 North Franklin Street
Tampa, FL 33602
4
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
Prior Energy Corporation Delaware. Natural gas energy
TECO Plaza management. Does not own or
702 North Franklin Street operate any facilities for the
Tampa, FL 33602 distribution of natural or
manufactured gas at retail.
Prior Intrastate Corporation Delaware. Natural gas energy
TECO Plaza management.
702 North Franklin Street
Tampa, FL 33602
TECO BGA, Inc. Florida. Energy services company
TECO Plaza which performs engineering analysis,
702 North Franklin Street design and construction management.
Tampa, FL 33602
BGA Special Project One Florida. Limited partner of
TECO Plaza TECO/AGC, Limited.
702 North Franklin Street
Tampa, FL 33602
TECO AGC, Inc. Florida. General partner of
TECO Plaza TECO/AGC, Limited.
702 North Franklin Street
Tampa, FL 33602
TECO AGC, Limited Florida. Owns and operates a
TECO Plaza chilled water facility in Tampa.
702 North Franklin Street
Tampa, FL 33602
TECO BGA Thermal Systems, Florida. Owns and operates a
Inc. district cooling system in Miami.
(formerly FPL Thermal
Systems, Inc.)
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Gas Services, Inc. Florida. Buys and sells natural
TECO Plaza gas supplies. Does not own or
702 North Franklin Street operate any facilities for the
Tampa, FL 33602 distribution of natural or
manufactured gas at retail.
TECO Properties Corporation Florida. Real estate
TECO Plaza investment.
702 North Franklin Street
Tampa, FL 33602
5
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
CPSC, Inc. Florida. Real estate investment.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
30th Street R&D Park, Inc. Florida. Real estate
TECO Plaza investment.
702 North Franklin Street
Tampa, FL 33602
UTC II, Inc. Florida. Real estate
TECO Plaza investment company whose assets
702 North Franklin Street have been sold.
Tampa, FL 33602
Brandon Properties Partners, Florida. Real estate
Ltd. investment.
8925 Eagle Watch Drive
Riverview, FL 33569
Southshore Residential, Inc. Florida. Limited partner of
TECO Plaza South Shore Properties
702 North Franklin Street Partners, Ltd.
Tampa, FL 33602
K-T No. 1, LLC Florida. Real estate
3100 Clay Street STE 275 investment.
Orlando, FL 32804
TECO Partners, Inc. Florida. Sales and marketing.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Litestream Technologies,LLC Florida. Cable communication
TECO Plaza systems.
702 North Franklin Street
Tampa, FL 33602
BCH Mechanical, Inc. Florida. Mechanical contracting.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
SDB Leasing Corporation Florida. Equipment leasing company
TECO Plaza for BCH Mechanical companies.
702 North Franklin Street
Tampa, FL 33602
6
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
Staffing Systems, Inc. Florida. Professional employee
TECO Plaza organization that provides payroll
702 North Franklin Street services to BCH Mechanical
Tampa, FL 33602 companies.
TECO Propane Ventures, LLC Delaware. Holds an interest in
TECO Plaza U.S. Propane, LLC.
702 North Franklin Street
Tampa, FL 33602
U.S. Propane, LLC Delaware. Retail propane
8801 South Yale Avenue STE 310 distribution. Holds an interest
Tulsa, OK 74137 in U.S. Propane, LP.
U.S. Propane, LP Delaware. Retail propane
8801 South Yale Avenue STE 310 distribution. Holds an interest
Tulsa, OK 74137 in Heritage Holdings, Inc.
Heritage Holdings, Inc. Oklahoma. Holding company for
8801 South Yale Avenue STE 310 Heritage Propane Partners, LP and
Tulsa, OK 74137 Heritage Operating Partners, LP.
TECO Transport Corporation Florida. Holding company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Bulk Terminal, LLC Louisiana. Transfers and
(formerly Electro-Coal stores coal and other bulk
Transfer, LLC) commodities.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Ocean Shipping, Inc. Florida. Transports coal and
(formerly Gulfcoast Transit other dry bulk commodities in
Company) ocean-going vessels to various
TECO Plaza domestic and international
702 North Franklin Street destinations.
Tampa, FL 33602
TECO Barge Line, Inc. Florida. Transport coal and
(formerly Mid-South Towing other dry bulk commodities in
Company) river barges.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
TECO Towing Company Florida. Charters river barges
TECO Plaza and purchases fuel for subsequent
702 North Franklin Street resale to affiliated companies.
Tampa, FL 33602
7
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
TECO Commerce, Inc. Florida. Non-operating company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
MaterialsXpress, LLC Delaware. Private internet-based
1915 Rexford Road procurement marketplace for
Charlotte, NC 28211 materials in the natural gas
distribution industry.
TECO Stevedoring Services, Inc.(1) Florida. Unloads coal from
TECO Plaza ocean-going vessels and
702 North Franklin Street repairs vessels.
Tampa, FL 33602
Peoples Sales & Service Company(1) Florida. Non-operating
TECO Plaza company.
702 North Franklin Street
Tampa, FL 33602
TECO Propane Properties, Inc.(1) Florida. Non-operating
TECO Plaza company.
702 North Franklin Street
Tampa, FL 33602
Suwannee Gas Marketing, Inc.(1) Florida. Holding company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
Florida Natural Fuels, Ltd. Florida. A limited partnership
TECO Plaza that owns and operates natural
702 North Franklin Street gas facilities, sells compresses
Tampa, FL 33602 natural gas and finances refueling
stations and conversions.
Seminole Gas Marketing Florida. General partnership
P.O. Box 2563 that markets natural gas to
1900 5th Avenue North end-users. Does not own or
Birmingham, AL 35202 operate any facilities for the
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
300 Delaware Avenue 9th Floor with the issuance of trust preferred
Wilmington, DE 19801 securities to the public in 2000.
8
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
TECO Funding Company II, LLC(1) Delaware. Formed in connection
300 Delaware Avenue 9th Floor with the issuance of mandatorily
Wilmington, DE 19801 convertible trust preferred
Securities to the public in 2002.
TECO Funding Company III, LLC(1) Delaware. Formed in connection
300 Delaware Avenue 9th Floor with potential future issuance of
Wilmington, DE 19801 trust preferred securities.
TECO Power Services Corporation(1) Florida. Holding company.(2)
TECO Plaza
702 N. Franklin Street
Tampa, Florida 33602
Hardee Power I, Inc. Florida. General partner
TECO Plaza of Hardee Power Partners. (2)
702 North Franklin Street
Tampa, Florida 33602
Hardee Power II, Inc. Florida. Limited partner of
TECO Plaza Hardee Power Partners.
702 North Franklin Street
Tampa, Florida 33602
Hardee Power Partners, Ltd. Florida. Limited
TECO Plaza partnership which owns
702 North Franklin Street Hardee Power Station, a
Tampa, Florida 33602 wholesale power generation
project located in Florida. (2)
TPS Hamakua, Inc. Florida. A general partner
TECO Plaza of Hamakua Energy Partners LP.
702 North Franklin Street
Tampa, Florida 33602
TPS Hawaii, Inc. Florida. A limited partner of
TECO Plaza Hamakua A, LLC, a holding company.
702 North Franklin Street
Tampa, Florida 33602
Hamakua A, LLC Delaware. A limited partner of
J.A. Jones Drive Hamakua Energy Partners, LP,
Charlotte, NC 28287 an EWG.
TPS Hamakua Land, Inc. Florida. Real estate holding
TECO Plaza company.
702 North Franklin Street
Tampa, Florida 33602
9
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
TPS Operations Holding Company Florida. Holding company.
TECO Plaza
702 North Franklin Street
Tampa, Florida 33602
TPS Virginia Operations Virginia. Operator of Commonwealth
Company Chesapeake Power Station, a wholesale
TECO Plaza power generating project located in
702 N. Franklin Street Virginia.
Tampa, Florida 33602
TPS Arizona Operations Florida. Operator of the Gila
Company River power station, a wholesale
TECO Plaza power project under construction.
702 N. Franklin Street
Tampa, Florida 33602
TPS Arkansas Operations Arkansas. Operator of the Union
Company power station, a wholesale power
TECO Plaza project under construction.
702 N. Franklin Street
Tampa, Florida 33602
TPS Dell Operations Florida. Operator of the Dell
Company power station, a wholesale power
TECO Plaza project under construction.
702 N. Franklin Street
Tampa, Florida 33602
TPS McAdams Operations Florida. Operator of the McAdams
Company power station, a wholesale power
TECO Plaza project under construction.
702 N. Franklin Street
Tampa, Florida 33602
TPS Operations Company Florida. Operator of Hardee Power
TECO Plaza Station, a wholesale power generation
702 N. Franklin Street project located in Florida.
Tampa, Florida 33602
TECO Power Ventures, Inc. Florida. Holding company.
TECO Plaza
702 North Franklin Street
Tampa, Florida 33602
TPS TriCo, LLC Delaware. Holding company.
TECO Plaza
702 North Franklin Street
Tampa, Florida 33602
10
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
TPS Tejas GP, LLC Delaware. General partner of
TECO Plaza Frontera Generation Limited
702 N. Franklin Street Partnership, an EWG.
Tampa, Florida 33602
TPS Tejas LP, LLC Delaware. Limited partner of
TECO Plaza Frontera Generation Limited
702 N. Franklin Street Partnership, an EWG.
Tampa, Florida 33602
TPS Dell Finance, LLC Delaware. Bond financing entity.
TECO Plaza
702 N. Franklin Street
Tampa, Florida 33602
TPS LP, Inc. Florida. Limited partner of
TECO Plaza TECO-Panda Generating Company, LP.
702 North Franklin Street
Tampa, Florida 33602
TPS GP, Inc. Florida. General partner of
TECO Plaza TECO-Panda Generating Company,
702 North Franklin Street LP.
Tampa, Florida 33602
TECO-Panda Generating Delaware. Limited partnership.
Company, LP
4100 Spring Valley Road
Suite 1001
Dallas, Texas 75244
Union Power I, LLC Delaware. Limited liability company
4100 Spring Valley Road which owns 1% interest in Union Power
Suite 1001 Partners, LP which owns the
Dallas, Texas 75244 Union Project.
Union Power II, LLC Delaware. Limited liability company
4100 Spring Valley Road which owns a 99% interest in Union
Suite 1001 Power Partners, LP which owns the
Dallas, Texas 75244 Union Project.
Panda Gila River I, LLC Delaware. Limited liability company
4100 Spring Valley Road which owns a 1% interest in Panda
Suite 1001 Gila River, LP which owns the Gila
Dallas, Texas 75244 River Project.
Panda Gila River II, LLC Delaware. Limited liability company
4100 Spring Valley Road which owns a 99% interest in Panda
Suite 1001 Gila River, LP which owns the Gila
Dallas, Texas 75244 River Project.
11
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
Panda Gila River Delaware. Gas transmission
Pipeline, LLC company.
4100 Spring Valley Road
Suite 1001
Dallas, Texas 75244
Trans-Union Interstate I, Delaware. Limited liability company
LLC which owns a 1% interest in Trans-
4100 Spring Valley Road Union Interstate Pipeline, LP.
Suite 1001
Dallas, Texas 75244
Trans-Union Interstate II Delaware. Limited liability company
LLC which owns a 99% interest in Trans-
4100 Spring Valley Road Union Interstate Pipeline, LP.
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 LP II, Inc. Florida. Limited partner of TECO-
TECO Plaza Panda Generating Company II, LP.
702 N. Franklin Street
Tampa, Florida 33602
TPS GP II, Inc. Florida. General Partner of TECO-
TECO Plaza Panda Generating Company II, LP.
702 North Franklin Street
Tampa, Florida 33602
TECO-Panda Generating Delaware. Owns an interest in
Company II, LP electric generating turbines.
4100 Spring Valley Road
Suite 1001
Dallas, Texas 75244
TPS Holdings, Inc. Florida. Non-operating company.
TECO Plaza
702 N. Franklin Street
Tampa, Florida 33602
TPS Guatemala One, Inc. Florida. Developer and partner
TECO Plaza of the Alborada Power Station
702 N. Franklin Street project.
Tampa, Florida 33602
12
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
TECO EnergySource, Inc. Florida. Energy marketing and
TECO Plaza trading company.
702 N. Franklin Street
Tampa, Florida 33602
TPS Materials, Inc. Florida. Parts warehousing
TECO Plaza operations company.
702 N. Franklin Street
Tampa, Florida 33602
Pasco Power GP, Inc. Florida. Holds an indirect
TECO Plaza interest in Pasco Cogen., Ltd.
702 N. Franklin Street
Tampa, FL 33602
Pasco Project Investment Florida. General partner of Pasco
Partnership, Ltd. Cogen, Ltd.
TECO Plaza
702 North Franklin Street
Tampa, Florida 33602
Pasco Cogen, Ltd. Florida. Natural gas fired
TECO Plaza cogeneration plant.
702 North 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.
Mosbacher Power Group, LLC Delaware. Non-operating company.
712 Main Street, Suite 2200
Houston, Texas 77002
TM Czech Power, LLC Delaware. Holding company.
TECO Plaza
702 North Franklin Street
Tampa, Florida 33602
TM Kladno Electricidad, Spain. Holding company.
s.r.l.
TECO Plaza
702 North Franklin Street
Tampa, Florida 33602
TM Kladno, B.V. The Netherlands. Holding company.
Weena 336
3012 NJ Rotterdam
The Netherlands
13
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
Nations Kladno, B.V. The Netherlands. Holding company.
1076 A2 Amsterdam
Locatellikade 1,
Parnassustoren
The Netherlands
Matra Powerplant The Netherlands. Holding company of
Holdings, B.V. ECK Generating, s.r.o., an EWG.
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. The Netherlands. Holding company of
1076 A2 Amsterdam Energeticke Centrum Kladno, spol.
Locatellikade 1, s.r.o., a foreign utility company.
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. Non-operating company.
712 Main Street
Suite 200
Houston, Texas 77002
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.
14
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
TPS Palmera, LDC Cayman Islands. Holds an
P.O. Box 866 interest in Triangle Finance
Anderson Square Building Company, LLC and Palm Import
3rd Floor and Export Corporation.
Georgetown, Grand Cayman
Cayman Islands, B.W.I.
Tasajero I, LDC Cayman Islands. Holds a
P.O. Box 866 partnership interest in TPS
Anderson Square Building Operaciones de Guatemala, Ltda. and
3rd Floor TPS Administraciones, Ltda.
George Town, Grand Cayman
Cayman Islands, B.W.I.
TPS Operaciones de Guatemala. Operations company for
Guatemala, Ltda. Central Generadora Electrica San Jose
13 Calle 3-40, Zona 10 S.R.L. (CGESJ), an EWG and foreign
Edifico Atlantis utility and Tampa Centro Americana de
Oficina 503, 5to. Nivel Electricidad, Limitada (TCAE), an
Guatemala City, EWG.
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 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.
Georgetown, Grand Cayman
Cayman Islands, B.W.I.
15
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
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.
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. Holding company.
Inmuebles Santo
Tomas, 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.
16
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
Credieegsa, S.A. Guatemala. Credit union for foreign
13 Calle 3-40, utility company employees.
Zona 10
Edificio Atlantis
Oficina 503,5to. Nivel
Guatemala City,
Guatemala C.A.
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. Transmission and wheeling
Electrica company.
Centroamericana,
S.A.
13 Calle 3-40,
Zona 10,
Edificio Atlantis
Oficina 503,5to.
Nivel
Guatemala City,
Guatemala C.A.
TPS Escuintla 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.
17
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
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
18
STATE OF ORGANIZATION AND
NAME AND LOCATION NATURE OF BUSINESS
----------------------------- --------------------------------------------
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
TPS Celanese I, Inc. Florida. Non-operating company.
TECO Plaza
702 North Franklin Street
Tampa, FL 33602
(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 Dec. 31, 2001. TPS San Jose, LDC owned 99-percent of
Triangle Finance Company, LLC at Dec. 31, 2001.
19
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 Company and Hardee Power Partners:
TAMPA ELECTRIC COMPANY - ELECTRIC OPERATIONS
Tampa Electric Company had five electric generating plants and four
combustion turbine units in service with a total net generating
capability at December 31, 2001 of 3,899 megawatts (MW) including Big
Bend (1,825-MW capability for four coal units), Gannon (1,220-MW
capability for six coal units), Hookers Point (90-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). Additionally, Tampa Electric has 56 mw of
generating capability from various distributive generation units located
at Hookers Point and the City of Tampa. 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 186 substations having an aggregate transformer
capacity of 17,216,269 KVA. The transmission system consists of
approximately 1,210 pole miles of high voltage transmission lines, and
the distribution system consists of 6,987 pole miles of overhead lines
and 3,030 trench miles of underground lines. As of December 31, 2001,
there were 583,942 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.
20
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, 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 COMPANY - GAS OPERATIONS
Tampa Electric Company, through its Peoples Gas System division, owns
approximately 9,000 miles of distribution mains, over 4,400 miles of
service lines, plus meters, regulators, and other related equipment used
in serving natural gas to approximately 272,000 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
turbines (75 MWs). 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.
21
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
18,474,582,000 KWH - Florida
$1,412,535,948 Revenue
Tampa Electric (Peoples Gas System division)
27,922,530 Mcf(Sales) Florida
$250,965,648 Revenue
78,887,516 Mcf(Transportation) Florida
$62,848,169 Revenue
TECO Power - None
Hardee Power I - None
Hardee Power Partners
1,048,582,000 KWH - Florida
$ 123,655,123 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
(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 - 5,908,000 Total KWH
$262,009 Total Revenue
Texas - 4,410,000 KWH
$206,579 Revenue
22
Missouri - 500,000 KWH
$14,500 Revenue
New York - 873,000 KWH
$37,090 Revenue
Georgia - 125,000 KWH
$ 3,840 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 - 415,387,000 Total KWH
$32,914,002 Total Expense
Texas - 320,576,000 KWH
$24,506,982 Expense
Alabama - 1,066,000 KWH
$ 97,701 Expense
New York - 2,003,000 KWH
$ 103,060 Expense
Missouri - 88,024,000 KWH
$ 7,988,146 Revenue
Georgia - 1,222,000 KWH
$ 100,800 Revenue
Kentucky - 2,496,000 KWH
$ 117,313 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:
23
(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.
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
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 ABB circulating
fluidized bed boilers with two 125-MW steam turbine
generators, a 65-MW ABB 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.
24
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
(an EWG)
3415 White Oak Way
Newchurch, VA 23415
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 went online in the
second quarter of 2001.
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 600-megawatt gas-fired combined cycle
electric generation plant. Under construction, to be
located in the City of Dell in Mississippi County,
Arkansas. Expected to go online March 2003.
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 600-megawatt gas-fired combined cycle
electric generation plant. Under construction, to be
located in McAdams and Sallis, in Attala County,
Mississippi. Expected to go online March 2003.
25
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 2200-megawatt natural gas-fired combined
cycle electric generation plant. Under construction, to be
located in Union County, Arkansas. Expected to go online
October 2002.
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 2150-megawatt natural gas-fired combined
cycle merchant plant. Under construction, to be located in
Maricopa County, Arizona. Expected to go online August
2003.
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 combustion turbine engines
burning naphtha as the primary fuel with no. 2 diesel fuel
for startup and shutdown, two unfired heat recovery steam
generators with SCR's, and one steam turbine generator.
12. FACILITY NAME, ADDRESS AND LOCATION:
Frontera Generation Limited Partnership
Frontera Power Station (an EWG)
320 S. Goodwin Road
Mission, Texas 78572
Location is Hildalgo County, Texas.
DESCRIPTION:
An approximately 477-megawatt gas-fired combined cycle
electric generation plant.
26
(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, 2001
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, 2001:
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 80.88-percent ownership in EEGSA.
3. CGESJ
At December 31, 2001:
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 International Power, Inc. had a 1-percent ownership interest
in TPS Palmera, LDC.
TPS San Jose International, Inc. had a 99-percent ownership
interest in TPS San Jose, LDC.
TPS San Jose International, Inc. had a 99-percent ownership
interest in TPS Palmera, LDC.
27
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, 2001:
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.
Nations Kladno B.V. had a 15-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, 2001:
TECO Power Services Corporation had a 50-percent ownership
interest in TM Power Ventures, LLC.
28
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 13.35-percent interest in
Energeticke Centrum Kladno, a.s.
6. COMMONWEALTH CHESAPEAKE COMPANY, LLC
At December 31, 2001:
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, 2001:
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 TriCo, LLC.
TPS TriCo, LLC had a 100-percent ownership interest in TPS Dell,
LLC.
8. TPS MCADAMS, LLC
At December 31, 2001:
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 TriCo, LLC.
TPS TriCo, LLC had a 100-percent ownership interest in TPS
McAdams, LLC.
9. UNION POWER PARTNERS, L.P.
At December 31, 2001:
TECO Power Services Corporation had a 100-percent interest in TPS
LP, Inc. and TPS GP, Inc.
TPS LP, Inc. had a 49.5-percent interest in TECO-Panda Generating
Company, L.P.
29
TPS GP, Inc. had a .5-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, LP
At December 31, 2001:
TECO Power Services Corporation had a 100-percent interest in TPS
LP, Inc. and TPS GP, Inc.
TPS LP, Inc. had a 49.5-percent interest in TECO-Panda Generating
Company, LP
TPS GP, Inc. had a .5-percent interest in TECO-Panda Generating
Company, LP
TECO-Panda Generating Company, LP 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, LP
Panda Gila River II, LLC had a 99-percent interest in Panda Gila
River, LP
11. HAMAKUA ENERGY PARTNERS, LP
At December 31, 2001:
TECO Power Services Corporation had a 100-percent interest in TPS
Hamakua, Inc. and TPS Hawaii, Inc.
TPS Hawaii, Inc. had a 50-percent ownership interest in Hamakua A,
LLC.
TPS Hamakua, Inc. had a 1-percent interest in Hamakua Energy
Partners, LP
Hamakua A, LLC had a 98-percent interest in Hamakua Energy
Partners, LP
12. FRONTERA GENERATION LIMITED PARTNERSHIP
At December 31, 2001:
30
TECO Power Services Corporation had a 100-percent interest in TECO
Power Ventures, Inc.
TECO Power Ventures, Inc. had a 100-percent ownership interest in
TPS TriCo, LLC.
TPS TriCo, LLC had a 100-percent ownership interest in TPS Tejas
GP, LLC and TPS Tejas LP, LLC.
TPS Tejas GP, LLC had a 1-percent ownership interest in Frontera
Generation Limited Partnership.
TPS Tejas LP, LLC had a 99-percent ownership interest in Frontera
Generation Limited Partnership.
(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, 2001:
TECO Power Services Corporation had advanced $22,666,262 to TPS
Guatemala One, Inc.
TPS Guatemala One, Inc. had invested $11,509,094 in TCAE.
Standby letters of credit totaling $4.6 million at December 31,
2001 were provided by TECO Energy to support certain activities of
TCAE.
2. EEGSA
At December 31, 2001:
TECO Power Services Corporation had invested $295,741,399 in TPS
International Power, Inc.
TPS International Power, Inc. had invested $118,770,477 in TPS de
Ultramar, Ltd.
TPS de Ultramar, Ltd. had invested $119,575,760 in TPS de Ultramar
Guatemala, S.A.
TPS de Ultramar Guatemala, S.A. had invested $113,382,185 in DECA
II.
DECA II had invested $520,000,000 in EEGSA.
31
Guarantees totaling $15 million at December 31, 2001 were provided
by TECO Energy to support certain activities of EEGSA.
3. CGESJ
At December 31, 2001:
TECO Power Services Corporation had invested $295,741,399 in TPS
International Power, Inc.
TPS International Power, Inc. had invested $5,980,958 in TPS San
Jose International, Inc.
TPS International Power, Inc. had invested $164,275,258 TPS San
Jose, LDC.
TPS San Jose, LDC had invested $10,249,379 in San Jose Power
Holding Company, Ltd.
TPS San Jose, LDC had invested $13,173 in Palm Import and Export
Corporation.
TPS San Jose, LDC had invested $126,145,514 in Triangle Finance
Company, LLC.
Triangle Finance Company, LLC had invested $78,968,610 in CGESJ.
San Jose Power Holding Company, Ltd. had invested $9,442,743 in
CGESJ.
Palm Import and Export Corporation had invested $821,108 in CGESJ.
Standby letters of credit and guarantees totaling $4.5 million at
December 31, 2001 were provided by TECO Energy to support certain
activities of CGESJ.
4. ECK GENERATING, S.R.O
At December 31, 2001:
TECO Power Services Corporation had invested $190,091,492 in TM
Power Ventures, LLC.
TM Power Ventures, LLC had invested $20,209,338 in TM Czech Power
LLC.
TM Czech Power LLC had invested $20,209,338 in TM Kladno
Electricidad, s.r.l.
TM Kladno Electricidad, s.r.l. had invested $20,209,338 in TM
Kladno B.V.
32
TM Kladno B.V. had invested $20,209,338 in Nations Kladno B.V.
Nations Kladno B.V. had invested $20,209,338 in Matra Powerplant
Holdings, B.V.
Matra Powerplant Holdings, B.V. had invested $20,209,338 in ECK
Generating, s.r.o.
Standby letters of credit totaling $3.8 million at December 31,
2001 were provided by TECO Energy to support certain activities of
ECK Generating, s.r.o.
5. ENERGETICKE CENTRUM KLADNO, A.S.
At December 31, 2001:
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, 2001:
TECO Power Services Corporation had invested $190,091,492 in TM
Power Ventures, LLC.
TM Power Ventures, LLC had invested $169,386,776 in TM Delmarva
Power LLC.
TM Delmarva Power, LLC had invested $169,386,776 in Commonwealth
Chesapeake Company, LLC.
7. TPS DELL, LLC
At December 31, 2001:
TECO Power Services Corporation had invested $718,983,367 in TECO
Power Ventures, Inc.
TECO Power Ventures, Inc. had invested $718,983,367 in TPS TriCo,
LLC.
TPS TriCo, LLC had invested $208,641,376 in TPS Dell, LLC.
8. TPS MCADAMS, LLC
At December 31, 2001:
33
TECO Power Services Corporation had invested $718,983,367 in TECO
Power Ventures, Inc.
TECO Power Ventures, Inc. had invested $718,983,367 in TPS TriCo,
LLC.
TPS TriCo, LLC had invested $246,065,990 in TPS McAdams, LLC.
9. UNION POWER PARTNERS, LP
At December 31, 2001:
TECO Power Services Corporation had invested $332,150,364(4) in
Union Power Partners, LP
10. PANDA GILA RIVER, L.P.
At December 31, 2001:
TECO Power Services Corporation had invested $291,979,270(4) in
Panda Gila River, LP
11. HAMAKUA ENERGY PARTNERS, LP
At December 31, 2001:
TECO Power Services Corporation had invested $48,430 in TPS
Hamakua, Inc.
TECO Power Services Corporation had invested $16,161,585 in TPS
Hawaii, Inc.
TPS Hawaii, Inc. had invested $16,161,585 in Hamakua A, LLC.
TPS Hamakua, Inc. had invested $48,430 in Hamakua Energy Partners,
LP
Hamakua A, LLC had invested $16,161,585 in Hamakua Energy
Partners, LP
12. FRONTERA GENERATION LIMITED PARTNERSHIP
At December 31, 2001:
TECO Power Services Corporation had invested $718,983,367 in TECO
Power Ventures, Inc.
TECO Power Ventures, Inc. had invested $718,983,367 in TPS TriCo,
LLC.
TPS TriCo, LLC had invested $2,638,340 in TPS Tejas GP, LLC.
TPS TriCo, LLC had invested $261,195,620 in TPS Tejas LP, LLC.
(4) Union Power Partners, LP and Panda Gila River, LP investments include
$250,000,000 in each project for Equity Bridge Loan.
34
TPS Tejas GP, LLC had invested $2,638,340 in Frontera Generation
Limited Partnership.
TPS Tejas LP, LLC had invested $261,195,620 in Frontera Generation
Limited Partnership.
(d) Capitalization and earnings of the EWG or foreign utility company
during the reporting period.
Total capitalization of TCAE at Dec. 31, 2001 was $18,993,871.
Total earnings of TCAE for the year ended December 31, 2001 were
$8,260,185. TPS Guatemala One's portion of the earnings of TCAE
for the year ended Dec. 31, 2001 was $7,934,734.
Total capitalization of EEGSA at Dec. 31, 2001 was $412,254,000.
Total earnings of EEGSA for the year ended Dec. 31, 2001 were
$11,823,000.
Total capitalization of CGESJ at Dec. 31, 2001 was $10,277,024.
Total earnings of CGESJ at Dec. 31, 2001 were $20,379,063.
Total capitalization of ECK Generating, s.r.o. at Dec. 31, 2001
was $20,209,338. TM Power Venture's portion of the earnings of ECK
Generating, s.r.o. for the year ended Dec. 31, 2001 was $0.
Total capitalization of Energeticke Centrum Kladno, a.s. at Dec.
31, 2001 was $100,000. TM Power Venture's portion of the earnings
of Energeticke Centrum Kladno, a.s. for the year ended Dec. 31,
2001 was $0.
Total capitalization of Commonwealth Chesapeake Company, LLC at
Dec. 31, 2001 was $169,386,776. TM Power Venture's portion of the
earnings of Commonwealth Chesapeake Company, LLC for the year
ended Dec. 31, 2001 was $13,918,838.
Total capitalization of TPS Dell, LLC at Dec. 31, 2001 was
$208,641,376. Total earnings of TPS Dell, LLC was $0, as the
project was under construction and non-operating.
Total capitalization of TPS McAdams, LLC at Dec. 31, 2001 was
$246,065,990. Total earnings of TPS McAdams, LLC was $0, as the
project was under construction and non-operating.
35
Total capitalization of Union Power Partners, LP at Dec. 31, 2001
was $332,150,364. Project under construction and non-operating.
Total earnings of Union Power Partners, LP was $0, as the project
was under construction and non-operating.
Total capitalization of Panda Gila River, LP at Dec. 31, 2001 was
$291,979,270. Project under construction and non-operating. Total
earnings of Panda Gila River, LP was $0, as the project was under
construction and non-operating.
Total capitalization of Hamakua Energy Partners, LP at Dec. 31,
2001 was $16,210,015. Total earnings of Hamakua Energy Partners,
LP for the year ended Dec. 31, 2001 was $2,213,582.
Total capitalization of Frontera Generation Limited Partnership at
Dec. 31, 2001 was $263,833,940. Total earnings of Frontera
Generation Limited Partnership was $0
(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
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.
3. 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.
4. 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.
36
5. TPS Virginia Operations Company (VAOPS) O&M agreement fee
is $12,500 per month escalated annually by the CPI. VAOPS
is being reimbursed for its direct costs.
Attached hereto as Exhibit A are consolidating balance sheets and statements of
income and retained earnings for the twelve months ended December 31, 2001 of
TECO Energy, TECO Power, and Hardee Power I, and their subsidiaries.
Attached hereto as Exhibit B 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).
37
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 ______ day of
______________ , 2002.
(CORPORATE SEAL) TECO ENERGY, INC.
ATTEST: BY: /s/ S.A. Myers
--------------------------------
S.A. Myers
Vice President-Corporate
Accounting and Taxes
D. E. SCHWARTZ, SECRETARY
(CORPORATE SEAL) TECO POWER SERVICES CORPORATION
ATTEST: BY: /s/ A. Dean Remmers
--------------------------------
A. Dean Remmers
Vice President-Controller
D. E. SCHWARTZ, SECRETARY
(CORPORATE SEAL) HARDEE POWER I, INC.
ATTEST: BY: /s/ A. Dean 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 & Taxes
Address: TECO Energy, Inc.
TECO Plaza
702 N. Franklin Street
Tampa, FL 33602
38
Exhibit A
Page 1 of 20
TECO ENERGY, INC
CONSOLIDATING BALANCE SHEET
December 31, 2001
(thousands of dollars)
Tampa TECO
Electric Diversified TECO Energy- TECO Energy, Inc.
Company Companies(1) Parent/Other+F40 Finance Eliminations (Consolidated)
----------- ----------- --------------- ----------- ------------ --------------
Assets
Current Assets:
Cash and Cash Equ $ 15,387 $ 107,631 $ (2,948) $ 165 $ -- $ 120,235
Short Term Inv -- 6 -- -- -- 6
Receiv. less allow for uncollect 162,281 481,767 1,388,199 285,991 (1,877,421) 440,817
Interest Receivable Affiliates -- -- 7,141 -- (7,141) --
Current Derivative Asset -- 7,702 -- -- -- 7,702
Inventories at average cost:
Fuel 68,995 18,288 -- -- -- 87,283
Materials & Supplies 51,048 32,256 (116) -- -- 83,188
Prepayments 12,493 23,478 -- 727 -- 36,698
----------- ----------- ----------- ----------- ----------- -----------
310,204 671,128 1,392,276 286,883 (1,884,562) 775,929
Investment in subsidiaries -- -- 2,377,698 -- (2,377,698) --
Property, plant & equip. orig cost
Utility plant in svc - ele 4,112,340 748,710 -- -- -- 4,861,050
Utility plant in svc - gas 699,409 -- -- -- -- 699,409
CWIP 404,397 492,643 -- -- -- 897,040
Other property 8,220 1,077,096 4 -- 626 1,085,946
----------- ----------- ----------- ----------- ----------- -----------
5,224,366 2,318,449 4 -- 626 7,543,445
Less Accum. Depr (2,014,855) (690,346) -- -- -- (2,705,201)
----------- ----------- ----------- ----------- ----------- -----------
3,209,511 1,628,103 4 -- 626 4,838,244
Other Assets
Intangible Asset -- 28,511 -- -- -- 28,511
Goodwill -- 165,784 -- -- -- 165,784
Long Term Derivative Asset -- 2,165 -- -- -- 2,165
Other investments -- 367,129 16,166 -- -- 383,295
Deferred income tax 136,227 13,795 110,501 -- (18,492) 242,031
Deferred charges & other assets 229,225 80,830 39,668 -- (63,628) 286,095
----------- ----------- ----------- ----------- ----------- -----------
365,452 658,214 166,335 -- (82,120) 1,107,881
----------- ----------- ----------- ----------- ----------- -----------
$ 3,885,167 $ 2,957,445 $ 3,936,313 $ 286,883 $(4,343,754) $ 6,722,054
=========== =========== =========== =========== =========== ===========
(1) Diversified companies consist of: TECO Diversified Consolidated, TECO
Power Services Consolidated and TECO Stevedoring.
(2) TECO Energy Parent/Other consist of: TECO Energy Parent, TECO Investments
and several other non-operating subsidiaries.
Exhibit A
Page 2 of 20
TECO ENERGY, INC.
CONSOLIDATING BALANCE SHEET
December 31, 2001
(thousand of dollars)
Tampa TECO
Electric Diversified TECO Energy- TECO Energy, Inc.
Company Companies(1) Parent/Other+F29 Finance Eliminations (Consolidated)
----------- ------------ ---------------- ----------- ------------ -------------
Current liabilities
Long-term debt due w/i 1 year $ 156,045 $ 23,756 $ 600,000 $ 9,000 $ -- $ 788,801
Notes payable 249,000 138 52,462 389,900 (52,600) 638,900
Accounts payable 141,647 1,497,955 439,964 13,873 (1,826,078) 267,361
Interest payable - affiliates -- 7,141 -- -- (7,141) --
Current derivative liability 133 33,376 -- -- 33,509
Customer deposits 86,305 -- -- -- -- 86,305
Interest accrued 16,067 2,725 16,658 133 -- 35,583
Taxes accrued 57,342 12,504 286 1,356 243 71,731
----------- ----------- ----------- ----------- ----------- -----------
706,539 1,577,595 1,109,370 414,262 (1,885,576) 1,922,190
Deferred income taxes 441,572 72,307 3,285 -- (18,492) 498,672
Investment tax credit 31,571 740 -- -- -- 32,311
Regulatory liability-tax related 65,374 -- -- -- (63,628) 1,746
Other deferred credits 136,793 78,125 38,166 -- -- 253,084
Long-term debt, less amt due w/i 1 yr 880,905 352,890 608,679 -- -- 1,842,474
Preferred stock of Tpa Electric -- -- 200,000 -- -- 200,000
Common stock 1,318,125 804,739 763,714 100 (2,146,386) 740,292
Retained earnings 304,288 71,049 1,257,448 (127,479) (229,672) 1,275,634
Unearned comp.related to ESOP -- -- (44,349) -- -- (44,349)
----------- ----------- ----------- ----------- ----------- -----------
$ 3,885,167 $ 2,957,445 $ 3,936,313 $ 286,883 $(4,343,754) $ 6,722,054
=========== =========== =========== =========== =========== ===========
(1) Diversified companies consist of: TECO Diversified Consolidated, TECO
Power Services Consolidated and TECO Stevedoring.
(2) TECO Energy Parent/Other consist of: TECO Energy Parent, TECO Investments
and several other non-operating subsidiaries.
Exhibit A
Page 3 of 20
TECO ENERGY
CONSOLIDATING STATEMENT OF INCOME
TWELVE MONTHS ENDED December 31, 2001
(thousands of dollars)
Tampa TECO
Electric Diversified TECO Energy- TECO Energy
Company Companies(1) Parent/Other(2) Finance Eliminations (Consolidated)
----------- ----------- ------------- ----------- ------------ -------------
Revenue $ 1,765,631 $ 1,124,383 $ -- $ 1,952 $ (243,320) $ 2,648,646
Expenses
Operation 992,613 855,932 6,811 2,088 (245,690) 1,611,754
Maintenance 103,146 48,197 -- -- -- 151,343
Depreciation 201,367 96,578 -- -- 44 297,989
Asset Adjustment -- -- -- -- -- --
Taxes-other than income 129,305 35,752 -- -- -- 165,057
Taxes-Fed & State income 97,661 (102,321) -- -- 4,660 --
----------- ----------- ----------- ----------- ----------- -----------
1,524,092 934,138 6,811 2,088 (240,986) 2,226,143
----------- ----------- ----------- ----------- ----------- -----------
Income from operations 241,539 190,245 (6,811) (136) (2,334) 422,503
Other income (expense)
Allowance for other funds 6,658 -- -- -- -- 6,658
Other income (expense), net 4,053 33,812 5,627 -- (4,885) 38,607
Earnings from equity investment -- 6,857 (147) -- -- 6,710
----------- ----------- ----------- ----------- ----------- -----------
10,711 40,669 5,480 -- (4,885) 51,975
----------- ----------- ----------- ----------- ----------- -----------
Income before Int. & income taxes 252,250 230,914 (1,331) (136) (7,219) 474,478
Interest charges --
Interest expense 77,655 75,023 (10,989) 25,762 (1,068) 166,383
Distribution on redeemable
pref. sec -- -- 17,000 -- -- 17,000
Allow. for borrowed funds (2,571) -- -- -- -- (2,571)
----------- ----------- ----------- ----------- ----------- -----------
75,084 75,023 6,011 25,762 (1,068) 180,812
----------- ----------- ----------- ----------- ----------- -----------
Income before prov. for inc. tax 177,166 155,891 (7,342) (25,898) (6,151) 293,666
Prov for income taxes -- 7,342 (1,311) (9,990) (6,124) (10,083)
----------- ----------- ----------- ----------- ----------- -----------
Net Income 177,166 148,549 (6,031) (15,908) (27) 303,749
=========== =========== =========== =========== =========== ===========
(1) Diversified companies consist of: TECO Diversified Consolidated, TECO
Power Services Consolidated and TECO Stevedoring.
(2) TECO Energy Parent/Other consist of: TECO Energy Parent, TECO Investments
and several other non-operating subsidiaries.
Exhibit A
Page 4 of 20
TECO ENERGY, INC
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 2001
(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 $ 298,979 $ 87,585 $ 1,137,253 $ (111,570) $ (238,636) $ 1,173,611
Add:
Net Income 177,166 148,549 302,653(2) (15,908) (308,711) 303,749
Comprehensive Income (81) (19,187) 328 -- (18,940)
Tax benefits - ESOP Dividends -- 1,558 -- 1,558
----------- ----------- ----------- ----------- ----------- -----------
476,064 216,947 1,441,792 (127,478) (547,347) 1,459,978
Deduct:
Cash dividends on capital stock
Preferred -- -- -- -- -- --
Common 171,776 135,839 184,211 -- (307,615) 184,211
Other - Adjustment -- 10,059(5) 133(4) -- (10,059) 133
----------- ----------- ----------- ----------- ----------- -----------
Balance, end of period $ 304,288 $ 71,049 $ 1,257,448 $ (127,478) $ (229,673) $ 1,275,634
(1) Diversified companies consist of: TECO Diversified Consolidated, TECO
Power Services Consolidated and TECO Stevedoring
(2) Includes $308,683 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) Reflects IRS adjustment for incentive stock options.
(5) Reclass of TPV to TECO Solutions from TECO Energy and reclass of Peoples
Sales & Service to Tampa Electric.
Exhibit A
Page 5 of 20
TECO DIVERSIFIED, INC.
CONSOLIDATING BALANCE SHEET
December 31, 2001
(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 $ 9,416 $ 6,538 $ 656 $ 3,048 $ 294 $ -- $ 19,952
Short Term Inv -- 6 -- -- -- -- 6
Receiv. less allow
for uncollect 96,068 49,564 111,851 4,544 116,919 (60,895) 318,051
Interest Receivable
Affiliates -- -- -- -- -- -- --
Current Derivative Asset 6,194 -- -- -- -- -- 6,194
Inventories at
average cost
Fuel 1,872 4,580 -- -- -- -- 6,452
Materials & Supplies 27 4,146 14,119 -- -- -- 18,292
Prepayments 7,778 5,004 1,553 -- -- -- 14,335
----------- ----------- ----------- ----------- ----------- ----------- -----------
121,355 69,838 128,179 7,592 117,213 (60,895) 383,282
Investment in subsidiaries -- -- -- -- 421,339 (421,339) --
Property, plant & equip
orig cost
Utility plant in svc - ele -- -- -- -- -- -- --
Utility plant in svc - gas -- -- -- -- -- -- --
CWIP 727 1,896 9,579 -- -- -- 12,202
Other property 29,446 275,433 545,014 220,794 -- -- 1,070,687
----------- ----------- ----------- ----------- ----------- ----------- -----------
30,173 277,329 554,593 220,794 -- -- 1,082,889
Less Accum. Depr 3,662 119,405 351,057 133,232 -- -- 607,356
----------- ----------- ----------- ----------- ----------- ----------- -----------
26,511 157,924 203,536 87,562 -- -- 475,533
Other Assets
Intangible Asset 28,511 -- -- -- -- -- 28,511
Goodwill 36,365 -- -- -- -- -- 36,365
Long Term Derivative
Asset 2,165 -- -- -- -- -- 2,165
Other investments 53,044 -- -- -- -- -- 53,044
Deferred income tax 5,921 7,738 136 -- -- -- 13,795
Deferred charges &
other assets 4,026 22,960 1,236 -- -- -- 28,222
----------- ----------- ----------- ----------- ----------- ----------- -----------
130,032 30,698 1,372 -- -- -- 162,102
----------- ----------- ----------- ----------- ----------- ----------- -----------
$ 277,898 $ 258,460 $ 333,087 $ 95,154 $ 538,552 $ (482,234) $ 1,020,917
=========== =========== =========== =========== =========== =========== ===========
Exhibit A
Page 6 of 20
TECO DIVERSIFIED
CONSOLIDATING BALANCE SHEET
December 31, 2001
(thousands of dollars)
TECO TECO
TECO TECO TECO TECO Diversified Diversified
Solutions Coal Transport CBM Parent Subtotal Eliminations (Consolidated)
----------- ----------- ----------- ----------- ----------- ----------- ------------ -----------
Current liabilities
Long-term debt
due w/i 1 year $ -- $ -- $ 2,343 $ -- $ -- $ 2,343 $ -- $ 2,343
Notes payable 138 -- -- 60,888 -- 61,026 (60,888) 138
Accounts payable 87,464 78,746 32,684 (397) -- 198,497 (7) 198,490
Interest Payable
- Affiliates 376 652 (50) 201 -- 1,179 -- 1,179
Current Derivative
Liability 33,602 -- 250 (476) -- 33,376 -- 33,376
Customer deposits -- -- -- -- -- -- -- --
Interest accrued -- -- 1,849 -- -- 1,849 -- 1,849
Taxes accrued 3,855 (4,949) 8,980 (930) -- 6,956 -- 6,956
----------- ----------- ----------- ----------- ----------- ----------- ----------- -----------
125,435 74,449 46,056 59,286 -- 305,226 (60,895) 244,331
Deferred income taxes 15,231 1,919 15,312 26,798 -- 59,260 -- 59,260
Investment tax credit -- -- 740 -- -- 740 -- 740
Regulatory liability
- tax related -- -- -- -- -- -- -- --
Other deferred credits 7,050 4,910 37,724 487 -- 50,171 -- 50,171
Long-term deb, less
amt due w/i 1 yr -- -- 135,859 -- -- 135,859 -- 135,859
Preferred stock of
Tpa Electric -- -- -- -- -- -- -- --
Common stock 135,170 148,676 53,458 -- 470,398 807,702 (337,304) 470,398
Retained earnings (4,988) 28,506 43,938 8,583 68,154 144,193 (84,035) 60,158
Unearned comp
related to ESOP -- -- -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- ----------- ----------- -----------
$ 277,898 $ 258,460 $ 333,087 $ 95,154 $ 538,552 $ 1,503,151 $ (482,234) $ 1,020,917
=========== =========== =========== =========== =========== =========== =========== ===========
Exhibit A
Page 7 of 20
TECO DIVERSIFIED
CONSOLIDATING STATEMENT OF INCOME
TWELVE MONTHS ENDED December 31, 2001
(thousands of dollars)
TECO TECO TECO TECO Div. Elimi-
Solutions Coal Transport CBM Parent nations TOTAL
--------- --------- --------- --------- --------- --------- ---------
Revenue $ 197,329 $ 303,447 $ 274,889 $ 55,042 $ -- $ -- $ 830,707
Expenses
Operation 182,131 279,137 173,724 17,218 -- -- 652,210
Maintenance 9 16,941 22,032 -- -- -- 38,982
Depreciation 5,592 28,293 24,058 9,773 -- -- 67,716
Asset Adjustment -- -- -- -- -- -- --
Taxes-other than income 781 17,629 6,217 3,765 -- -- 28,392
Taxes-Fed & State income -- (86,186) -- (16,135) -- -- (102,321)
--------- --------- --------- --------- --------- --------- ---------
188,513 255,814 226,031 14,621 -- -- 684,979
--------- --------- --------- --------- --------- --------- ---------
Income from operations 8,816 47,633 48,858 40,421 -- -- 145,728
Earnings from equity investment -- -- -- -- -- -- --
Other income (expense)
Allowance for other funds -- -- -- -- -- -- --
Other income (expense), net 939 -- 1,757 -- -- -- 2,696
Earnings from equity investment 3,237 -- -- -- -- -- 3,237
--------- --------- --------- --------- --------- --------- ---------
4,176 -- 1,757 -- -- -- 5,933
--------- --------- --------- --------- --------- --------- ---------
Income before Int. & income taxes 12,992 47,633 50,615 40,421 -- -- 151,661
Interest charges
Interest expense 4,327 7,573 8,897 2,338 -- -- 23,135
Distribution on redeemable pref. sec
Allow. for borrowed funds -- -- -- -- -- -- --
--------- --------- --------- --------- --------- --------- ---------
4,327 7,573 8,897 2,338 -- -- 23,135
--------- --------- --------- --------- --------- --------- ---------
Income before prov. for inc. tax 8,665 40,060 41,718 38,083 -- -- 128,526
Prov for income taxes 3,459 (18,987) 14,155 8,126 -- -- 6,753
--------- --------- --------- --------- --------- --------- ---------
Net Income $ 5,206 $ 59,047 $ 27,563 $ 29,957 $ -- $ -- $ 121,773
========= ========= ========= ========= ========= ========= =========
Exhibit A
Page 8 of 20
TECO DIVERSIFIED, INC
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 2001
(thousands of dollars)
TECO TECO TECO TECO Div. Elimi- Diversified
Solutions Coal Transport CBM Parent nations (Consolidated)
--------- --------- --------- --------- --------- --------- -------------
Balance, beginning of period $ (706) $ 26,118 $ 44,624 $ 9,124 $ 63,277 $ (79,160) $ 63,277
Add:
Net Income 5,206 59,047 27,563 29,957 121,773 (121,773) 121,773
Earnings of sub's
Comprehensive Income (8,125) -- (160) 289 -- -- (7,996)
Tax benefits - ESOP Dividends
--------- --------- --------- --------- --------- --------- ---------
(3,625) 85,165 72,027 39,370 185,050 (200,933) 177,054
Deduct:
Cash dividends on capital stock --
Preferred --
Common 1,447 56,659 28,089 30,787 116,980 (116,982) 116,980
Other - Adjustment (84) -- -- -- (84)(1) 84 (84)
--------- --------- --------- --------- --------- --------- ---------
Balance, end of period (4,988) $ 28,506 $ 43,938 $ 8,583 $ 68,154 $ (84,035) $ 60,158
(1) TPV transfer to TECO Solutions in 2001
Exhibit A
Page 9 of 20
TECO SOLUTIONS
CONSOLIDATING BALANCE SHEET
December 31, 2001
(thousands of dollars)
TECO
BCH TECO TECO TECO Propane Prior
Mechanical BGA Gas Svc Partners Ventures Energy
---------- --------- --------- --------- --------- ---------
Assets
Current Assets:
Cash and Cash Equ $ 4,995 $ 2,822 $ 177 $ 94 $ 129 $ 978
Short Term Inv -- -- -- -- -- --
Receiv. less allow
for uncollect 16,107 11,153 8,497 70 6,642 33,181
Interest Receivable
Affiliates -- -- -- -- -- --
Current Derivative
Asset -- -- -- -- -- 6,194
Inventories at
average cost:
Fuel -- -- -- -- -- 1,872
Materials & Supplies 27 -- -- -- -- --
Prepayments 3,465 3,223 5 15 -- 1,070
--------- --------- --------- --------- --------- ---------
24,594 17,198 8,679 179 6,771 43,295
Investment in subsidiaries -- -- -- -- -- --
Property, plant & equip
orig cost
Utility plant in
svc - ele -- -- -- -- -- --
Utility plant in
svc - gas -- -- -- -- -- --
CWIP 441 -- 8 278 -- --
Other property 2,178 13,775 74 1,170 -- 139
--------- --------- --------- --------- --------- ---------
2,619 13,775 82 1,448 -- 139
--------- --------- --------- --------- --------- ---------
Less Accum. Depr 1,974 901 10 257 -- (8)
--------- --------- --------- --------- --------- ---------
645 12,874 72 1,191 -- 147
Other Assets
Intangible Asset -- -- -- -- -- 28,511
Goodwill 26,488 1,663 -- -- -- 8,214
Long Term Derivative
Asset -- -- -- -- -- 2,165
Other investments -- -- -- 535 38,720 --
Deferred income tax 30 -- -- -- -- 4,100
Deferred charges &
other assets -- 3,505 -- 521 -- --
--------- --------- --------- --------- --------- ---------
26,518 5,168 -- 1,056 38,720 42,990
--------- --------- --------- --------- --------- ---------
$ 51,757 $ 35,240 $ 8,751 $ 2,426 $ 45,491 $ 86,432
========= ========= ========= ========= ========= =========
TECO TECO
TECO Solutions Solutions
Properties Parent Eliminations (Consolidated)
---------- --------- ------------ --------------
Assets
Current Assets:
Cash and Cash Equ $ 52 $ 169 $ -- $ 9,416
Short Term Inv -- -- -- --
Receiv. less allow
for uncollect 19,548 937 (67) 96,068
Interest Receivable
Affiliates -- -- -- --
Current Derivative
Asset -- -- -- 6,194
Inventories at
average cost:
Fuel -- -- -- 1,872
Materials & Supplies -- -- -- 27
Prepayments -- -- -- 7,778
--------- --------- --------- ---------
19,600 1,106 (67) 121,355
Investment in subsidiaries -- 137,266 (137,266) --
Property, plant & equip
orig cost
Utility plant in
svc - ele -- -- -- --
Utility plant in
svc - gas -- -- -- --
CWIP -- -- -- 727
Other property 12,110 -- -- 29,446
--------- --------- --------- ---------
12,110 -- -- 30,173
--------- --------- --------- ---------
Less Accum. Depr 528 -- -- 3,662
--------- --------- --------- ---------
11,582 -- -- 26,511
Other Assets
Intangible Asset -- -- -- 28,511
Goodwill -- -- -- 36,365
Long Term Derivative
Asset -- -- -- 2,165
Other investments 13,789 -- -- 53,044
Deferred income tax 1,791 -- -- 5,921
Deferred charges &
other assets -- -- -- 4,026
--------- --------- --------- ---------
15,580 -- -- 130,032
--------- --------- --------- ---------
$ 46,762 $ 138,372 (137,333) $ 277,898
========= ========= ========= =========
Exhibit A
Page 10 of 20
TECO SOLUTIONS
CONSOLIDATING BALANCE SHEET
December 31, 2001
(thousands of dollars)
TECO TECO
BCH TECO Gas TECO Propane
Mechanical BGA Services Partners Ventures
---------- --------- --------- ---------- ---------
Current liabilities
Long-term debt due w/i 1 year $ -- $ -- $ -- $ -- $ --
Notes payable -- -- -- -- --
Accounts payable 15,605 28,041 6,847 2,543 62
Interest payable - Affiliates 114 82 19 -- 76
Current Derivative Liability -- -- -- -- --
Customer deposits -- -- -- -- --
Interest accrued -- -- -- -- --
Taxes accrued 882 2,336 (150) (150) 815
--------- --------- --------- --------- ---------
16,601 30,459 6,716 2,393 953
Deferred income taxes 88 309 8 -- 14,826
Investment tax credit -- -- -- -- --
Regulatory liability-tax related -- -- -- -- --
Other deferred credits 3,241 624 -- -- --
Long-term deb, less amt due w/i 1 yr -- -- -- -- --
Preferred stock of Tpa Electric -- -- -- -- --
Common stock 28,854 3,670 1 -- 19,560
Retained earnings 2,973 178 2,026 33 10,152
Unearned comp.related to ESOP -- -- -- -- --
--------- --------- --------- --------- ---------
$ 51,757 $ 35,240 $ 8,751 $ 2,426 $ 45,491
========= ========= ========= ========= =========
TECO
Prior TECO Solutions Solutions
Energy Properties Parent Subtotal Eliminations (Consolidated)
--------- ----------- --------- --------- ------------ -------------
Current liabilities
Long-term debt due w/i 1 year $ -- $ -- $ -- $ -- $ -- $ --
Notes payable -- 138 -- 138 -- 138
Accounts payable 34,313 55 65 87,531 (67) 87,464
Interest payable - Affiliates -- 85 -- 376 -- 376
Current Derivative Liability 33,602 -- -- 33,602 -- 33,602
Customer deposits -- -- --
Interest accrued -- -- -- -- -- --
Taxes accrued 257 (135) -- 3,855 -- 3,855
--------- --------- --------- --------- --------- ---------
68,172 143 65 125,502 (67) 125,435
Deferred income taxes -- -- -- 15,231 -- 15,231
Investment tax credit -- -- -- -- -- --
Regulatory liability-tax related -- -- -- -- -- --
Other deferred credits 3,185 -- -- 7,050 -- 7,050
Long-term deb, less amt due w/i 1 yr -- -- -- -- -- --
Preferred stock of Tpa Electric -- -- -- -- -- --
Common stock 23,000 49,985 135,170 260,240 (125,070) 135,170
Retained earnings (7,925) (3,366) 3,137 7,208 (12,196) (4,988)
Unearned comp.related to ESOP -- -- -- -- -- --
--------- --------- --------- --------- --------- ---------
$ 86,432 $ 46,762 $ 138,372 $ 415,231 $(137,333) $ 277,898
========= ========= ========= ========= ========= =========
Exhibit A
Page 11 of 20
TECO SOLUTIONS
CONSOLIDATING STATEMENT OF INCOME
TWELVE MONTHS ENDED December 31, 2001
(thousands of dollars)
TECO
BCH TECO TECO TECO Propane
Mechanical BGA Gas Svc Partners Ventures
---------- --------- --------- --------- ---------
Revenue $ 49,503 $ 29,817 $ 44,598 $ 11,427 $ --
Expenses
Operation 41,816 28,927 42,094 10,995 --
Maintenance -- -- 9 -- --
Depreciation 1,419 477 6 103 --
Asset Adjustment -- -- -- -- --
Taxes-other than income -- 698 31 -- --
Taxes-Fed & State income -- -- -- -- --
--------- --------- --------- --------- ---------
43,235 30,102 42,131 11,107 --
--------- --------- --------- --------- ---------
Income from operations 6,268 (285) 2,467 320 --
Earnings from equity investment -- -- -- -- --
Other income (expense)
Allowance for other funds -- -- -- -- --
Other income (expense), net (564) 925 -- -- --
Earnings from equity investment -- -- -- 3,019 218
--------- --------- --------- --------- ---------
(564) 925 -- -- 3,019
--------- --------- --------- --------- ---------
Income before Int. & income taxes 5,704 640 2,467 320 3,019
Interest charges
Interest expense 1,374 696 199 -- 991
Distribution on redeemable pref. sec
Allow. for borrowed funds -- -- -- -- --
--------- --------- --------- --------- ---------
1,374 696 199 -- 991
--------- --------- --------- --------- ---------
Income before prov. for inc. tax 4,330 (56) 2,268 320 2,028
Prov for income taxes 1,750 57 874 123 747
--------- --------- --------- --------- ---------
Net Income $ 2,580 $ (113) $ 1,394 $ 197 $ 1,281
========= ========= ========= ========= =========
Prior TECO
Energy Properties Sol. Parent Eliminations TOTAL
--------- ---------- ----------- ------------ -----------
Revenue $ 69,750 $ 492 $ -- $ (8,258) $ 197,329
Expenses
Operation 65,831 726 -- (8,258) 182,131
Maintenance -- -- -- -- 9
Depreciation 3,580 7 -- -- 5,592
Asset Adjustment -- -- -- -- --
Taxes-other than income 15 37 -- -- 781
Taxes-Fed & State income -- -- -- -- --
--------- --------- --------- --------- ---------
69,426 770 -- (8,258) 188,513
--------- --------- --------- --------- ---------
Income from operations 324 (278) -- -- 8,816
Earnings from equity investment -- -- -- -- --
Other income (expense)
Allowance for other funds -- -- -- -- --
Other income (expense), net 2 576 -- -- 939
Earnings from equity investment -- 218 -- -- 3,237
--------- --------- --------- --------- ---------
2 794 -- -- 4,176
--------- --------- --------- --------- ---------
Income before Int. & income taxes 326 516 -- -- 12,992
Interest charges
Interest expense -- 1,067 -- -- 4,327
Distribution on redeemable pref. sec
Allow. for borrowed funds -- -- -- -- --
--------- --------- --------- --------- ---------
-- 1,067 -- -- 4,327
--------- --------- --------- --------- ---------
Income before prov. for inc. tax 326 (551) -- -- 8,665
Prov for income taxes 126 (218) -- -- 3,459
--------- --------- --------- --------- ---------
Net Income $ 200 $ (333) $ -- $ -- $ 5,206
========= ========= ========= ========= =========
Exhibit A
Page 12 of 20
TECO SOLUTIONS, INC.
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED December 31, 2001
(thousands of dollars)
TECO
BCH TECO TECO TECO Propane Prior
Mechanical BGA Gas Svc Partners Ventures Energy
----------- -------- -------- -------- -------- --------
Balance, beginning of period $ (407) $ 443 $ 2,278 $ -- $ -- $ --
Add:
Net Income 2,580 (113) 1,394 197 1,280 200
Earnings of sub's -- -- -- -- -- --
Comprehensive Income -- -- -- -- -- (8,125)
Tax benefits - ESOP Dividends -- -- -- -- -- --
-------- -------- -------- -------- -------- --------
2,173 330 3,672 197 1,280 (7,925)
Deduct:
Cash dividends on capital stock
Preferred -- -- -- -- -- --
Common 503 152 1,646 164 -- --
Other - Adjustment (1,303)(1) -- -- -- (8,872)(2) --
-------- -------- -------- -------- -------- --------
Balance, end of period $ 2,973 $ 178 $ 2,026 $ 33 $ 10,152 $ (7,925)
TECO
TECO Solutions Solutions
Properties Parent Eliminations (Consolidated)
---------- --------- ------------ --------------
Balance, beginning of period $ (3,033) $ (706) $ (8,153) $ (706)
Add:
Net Income (333) 5,206 (5,205) 5,206
Earnings of sub's -- --
Comprehensive Income -- -- -- (8,125)
Tax benefits - ESOP Dividends -- -- -- --
-------- -------- -------- --------
(3,366) 4,500 (13,358) (3,625)
Deduct:
Cash dividends on capital stock
Preferred -- -- -- --
Common -- 1,447 (2,465) 1,447
Other - Adjustment -- (84)(2) 10,175 (84)
-------- -------- -------- --------
Balance, end of period $ (3,366) $ 3,137 $(12,196) $ (4,988)
(1) Reclass $(1,303) from RE to APIC
(2) TPV transfer to TECO Solutions in 2001
Exhibit A
Page 13 of 20
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2001
(thousands of dollars)
TECO Power Pasco Hardee Hardee TPS OPS
(parent only) Power G.P. Power I, Inc. Power II, Inc. TPS GO, Inc. Holding Co.
----------- ----------- ------------- -------------- ----------- -----------
Current assets
Cash and cash equivalents $ (1,678) $ 3 $ 2,095 $ -- $ 4,549 $ 1,521
Receivables 515,924 2 19,242 14,796 354 2,042
Inventories at average cost
Fuel -- -- 4,398 -- -- --
Materials and supplies -- -- 3,142 -- 1,098 --
Prepayments 2,495 -- 98 -- 2 (3)
----------- ----------- ----------- ----------- ----------- -----------
516,741 5 28,975 14,796 6,003 3,560
----------- ----------- ----------- ----------- ----------- -----------
Investment in subsidiaries 824,118 -- -- 35,496 -- --
----------- ----------- ----------- ----------- ----------- -----------
Property, plant & equipment
at original cost
Plant in service 9,691 -- 197,819 -- 41,908 --
Construction work
in Process (CWIP) 28,958 -- -- -- -- --
Other property 57 -- -- -- 286 --
----------- ----------- ----------- ----------- ----------- -----------
38,706 -- 197,819 -- 42,194 --
Less accum. deprec (1,503) -- (50,860) -- (8,854)
----------- ----------- ----------- ----------- ----------- -----------
37,203 -- 146,959 -- 33,340 --
----------- ----------- ----------- ----------- ----------- -----------
Other assets
Notes Receivable 271,021 -- -- -- -- --
Deferred charges &
other assets 15,517 7 5,804 -- 9,719 115
----------- ----------- ----------- ----------- ----------- -----------
$ 1,664,600 $ 12 $ 181,738 $ 50,292 $ 49,062 $ 3,675
=========== =========== =========== =========== =========== ===========
Exhibit A
Page 14 of 20
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2001
(thousands of dollars)
TM Power TECO
TPS Int'l Ventures Power TPS TECO Power
Power LLC Ventures Inc GP / LP Eliminations (Consolidated)
----------- ----------- ------------ ----------- ------------ -----------
Current assets
Cash and cash equivalents $ 42,922 $ 14,519 $ 22,877 $ 817 $ -- $ 87,625
Receivables 17,849 1,519 3,233 -- (518,726) 56,235
Inventories at average cost
Fuel 3,335 4,103 11,836
Materials and supplies 3,077 853 5,794 -- -- 13,964
Prepayments 4,301 22 3,713 -- -- 10,628
----------- ----------- ----------- ----------- ----------- -----------
71,484 21,016 35,617 817 (518,726) 180,288
----------- ----------- ----------- ----------- ----------- -----------
Investment in subsidiaries 115,497 18,243 -- (20,597) (834,134) 138,623
----------- ----------- ----------- ----------- ----------- -----------
Property, plant & equipment
at original cost
Plant in service 152,317 160,810 186,165 -- -- 748,710
Construction work
in Process (CWIP) -- -- 451,482 -- -- 480,440
Other property -- 336 5,730 -- -- 6,409
----------- ----------- ----------- ----------- ----------- -----------
152,317 161,146 643,377 -- -- 1,235,559
Less accum. deprec (12,181) (4,639) (4,953) -- -- (82,990)
----------- ----------- ----------- ----------- ----------- -----------
140,136 156,507 638,424 -- -- 1,152,569
----------- ----------- ----------- ----------- ----------- -----------
Other assets
Notes Receivable 10,876 -- -- -- -- 281,897
Deferred charges &
other assets 74,073 6,708 70,084 -- -- 182,027
----------- ----------- ----------- ----------- ----------- -----------
$ 412,066 $ 202,474 $ 744,125 $ (19,780) $(1,352,860) $ 1,935,404
=========== =========== =========== =========== =========== ===========
Exhibit A
Page 15 of 20
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2001
(thousands of dollars)
TECO Power Pasco Hardee Hardee TPS OPS
(parent only) Power G.P. Power I, Inc. Power II, Inc. TPS GO, Inc. Holding Co.
----------- ----------- ------------ - ------------ ------------ -----------
Current Liabilities
Long-term debt due
within one year $ -- $ -- $ 7,507 $ -- $ 2,442 $ --
Accounts payable 28,751 2 8,274 -- 25,508 3,593
Interest accrued 6,032 -- 771 -- 70 --
Taxes accrued (1,060) -- 80 241 2,712 88
----------- ----------- ----------- ----------- ----------- -----------
33,723 2 16,632 241 30,732 3,681
----------- ----------- ----------- ----------- ----------- -----------
Deferred income taxes (653) -- 4,636 13,907 1,015 (265)
Other deferred credits 15,512 -- 1,865 -- 226 --
Sub debt - TECO Finance 13,750 -- -- -- -- --
Long-term debt, less
amount due within one year -- -- 111,061 -- 14,650 --
Advances from TECO Energy 1,245,394 --
Other liabilities - MI -- -- 35,496 -- 911 --
Common stock 334,341 8 10,973 32,919 1 5
Retained earnings 22,533 2 1,075 3,225 1,527 254
----------- ----------- ----------- ----------- ----------- -----------
$ 1,664,600 $ 12 $ 181,738 $ 50,292 $ 49,062 $ 3,675
=========== =========== =========== =========== =========== ===========
Exhibit A
Page 16 of 20
TECO POWER SERVICES CORPORATION
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2001
(thousands of dollars)
TM Power TECO
TPS Int'l Ventures Power TPS TECO Power
Power LLC Ventures Inc GP / LP Eliminations (Consolidated)
----------- ----------- ------------ ----------- ------------ -------------
Current Liabilities
Long-term debt due
within one year $ 11,464 $ -- $ -- $ -- $ -- $ 21,413
Accounts payable 122,714 4,081 475,465 -- (629,414) 38,974
Interest accrued 35 -- -- -- -- 6,908
Taxes accrued 1,475 -- 2,110 (82) -- 5,564
----------- ----------- ----------- ----------- ----------- -----------
135,688 4,081 477,575 (82) (629,414) 72,859
----------- ----------- ----------- ----------- ----------- -----------
Deferred income taxes -- -- 2,274 (7,049) -- 13,865
Other deferred credits 6 468 -- -- -- 18,077
Sub debt - TECO Finance -- -- -- -- -- 13,750
Long-term debt, less
amount due within one year 91,320 -- -- -- -- 217,031
Advances from TECO Energy 1,245,394
Other liabilities - MI -- -- -- -- (27,662) 8,745
Common stock 132,788 199,037 265,309 2 (641,042) 334,341
Retained earnings 52,264 (1,112) (1,033) (12,651) (54,742) 11,342
----------- ----------- ----------- ----------- ----------- -----------
$ 412,066 $ 202,474 $ 744,125 $ (19,780) $(1,352,860) $ 1,935,404
=========== =========== =========== =========== =========== ===========
Exhibit A
Page 17 of 20
TECO POWER SERVICES CORPORATION
CONSOLIDATING INCOME STATEMENT
TWELVE MONTHS ENDED DECEMBER 31, 2001
(thousands of dollars)
TECO Power Pasco Hardee Hardee TPS OPS
(parent only) Power G.P. Power I, Inc. Power II, Inc. TPS GO, Inc. Holding Co.
------------- ---------- ------------- -------------- ------------ -----------
Revenues $ 449 $ 1 $ 123,655 $ -- $ 18,438 $ 567
--------- --------- --------- --------- --------- ---------
Expenses
Operation 22,331 -- 7,623 -- 4,936 150
Maintenance -- -- 5,235 -- -- --
Fuel -- -- 47,372 -- -- --
Depreciation & Amortization 895 -- 6,238 -- 2,414 --
BB4 - Pass Through -- -- 29,842 -- -- --
Taxes Other Than Income 669 -- 3,027 -- 219 --
--------- --------- --------- --------- --------- ---------
23,895 -- 99,337 -- 7,569 150
--------- --------- --------- --------- --------- ---------
Income from Operations (23,446) 1 24,318 -- 10,869 417
Other Income 27,533 -- (10,983) 11,103 148 --
--------- --------- --------- --------- --------- ---------
Income Before Interest &
Income Taxes 4,087 1 13,335 11,103 11,017 417
--------- --------- --------- --------- --------- ---------
Interest Charges
Long-Term Debt -- -- 9,685 -- 1,828 --
Other Interest Expense 31,136 -- (51) -- -- --
--------- --------- --------- --------- --------- ---------
31,136 -- 9,634 -- 1,828 --
--------- --------- --------- --------- --------- ---------
Income Before Provision
for Income Taxes (27,049) 1 3,701 11,103 9,189 417
Equity Earnings in Subsidiaries 45,520 -- -- -- -- --
Provision for Income Taxes (13,368) -- 1,440 4,319 3,243 163
--------- --------- --------- --------- --------- ---------
Net Income $ 31,839 $ 1 $ 2,261 $ 6,784 $ 5,946 $ 254
========= ========= ========= ========= ========= =========
Exhibit A
Page 18 of 20
TECO POWER SERVICES CORPORATION
CONSOLIDATING INCOME STATEMENT
TWELVE MONTHS ENDED DECEMBER 31, 2001
(thousands of dollars)
TM Power TECO
TPS Int'l Ventures Power TPS TECO Power
Power LLC Ventures Inc. GP / LP Eliminations (Consolidated)
--------- --------- ------------- --------- ------------- --------------
Revenues $ 61,872 34,680 $ 47,390 $ -- $ -- $ 287,052
--------- --------- --------- --------- --------- ---------
Expenses
Operation 10,679 8,475 4,735 -- -- 58,929
Maintenance 1,429 669 897 -- -- 8,230
Fuel 16,616 10,983 34,721 -- -- 109,692
Depreciation & Amortization 9,031 3,721 6,087 -- -- 28,386
BB4 - Pass Through -- -- -- -- -- 29,842
Taxes Other Than Income 400 413 2,563 -- -- 7,291
--------- --------- --------- --------- --------- ---------
38,155 24,261 49,003 -- -- 242,370
--------- --------- --------- --------- --------- ---------
Income from Operations 23,717 10,419 (1,613) -- -- 44,682
Other Income 2,301 3,979(1) 18 (2,377) 3,024 34,746
--------- --------- --------- --------- --------- ---------
Income Before Interest &
Income Taxes 26,018 14,398 (1,595) (2,377) 3,024 79,428
--------- --------- --------- --------- --------- ---------
Interest Charges
Long-Term Debt 9,143 -- -- -- -- 20,656
Other Interest Expense -- 95 -- -- -- 31,180
--------- --------- --------- --------- --------- ---------
9,143 95 -- -- -- 51,836
--------- --------- --------- --------- --------- ---------
Income Before Provision
for Income Taxes 16,875 14,303 (1,595) (2,377) 3,024 27,592
Equity Earnings in Subsidiaries -- -- -- -- (45,520) --
Provision for Income Taxes 368 5,989 (563) (917) -- 674
--------- --------- --------- --------- --------- ---------
Net Income $ 16,507 $ 8,314 $ (1,032) $ (1,460) $ (42,496) $ 26,918
========= ========= ========= ========= ========= =========
Exhibit A
Page 19 of 20
TECO POWER SERVICES CORPORATION
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED DECEMBER 31, 2001
(thousands of dollars)
TECO Power Pasco Hardee Hardee TPS OPS
(parent only) Power G.P. Power I, Inc. Power II, Inc. TPS GO, Inc. Holding Co.
------------- ---------- ------------- -------------- ------------ -----------
Balance, beginning of period $14,465 $ 1 $ 1,105 $ 3,316 $ 1,710 $ --
Add: Net income 31,839(1) 1 2,261 6,784 5,946 254
Comprehensive Income -- -- -- -- -- --
------- ------- ------- ------- ------- -------
46,304 2 3,366 10,100 7,656 254
Deduct:
Cash dividends on capital
stock - Common 23,771 -- 2,291 6,875 6,129 --
------- ------- ------- ------- ------- -------
Balance, end of period $22,533 $ 2 $ 1,075 $ 3,225 $ 1,527 $ 254
======= ======= ======= ======= ======= =======
(1) Includes $45,520 of TECO Power Service's equity in earnings of
subsidiaries.
Exhibit A
Page 20 of 20
TECO POWER SERVICES CORPORATION
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED DECEMBER 31, 2001
(thousands of dollars)
TM Power TECO
TPS Int'l Ventures Power TPS TECO Power
Power LLC Ventures Inc. GP / LP Eliminations (Consolidated)
---------- -------- ------------- ------- ------------ --------------
Balance, beginning of period $ 32,387 $ (8,782) $ -- $ -- $(29,736) $ 14,466
Add: Net income 16,507 8,314 (1,032) (1,460) (42,496) 26,918
Comprehensive Income -- -- -- (11,191) -- (11,191)
-------- -------- -------- -------- -------- --------
48,894 (468) (1,032) (12,651) (72,232) 41,384
Deduct:
Cash dividends on capital
stock - Common (3,370) 644 1 -- (17,490) 18,851
-------- -------- -------- -------- -------- --------
Balance, end of period $ 52,264 $ (1,112) $ (1,033) $(12,651) $(54,742) $ 11,342
======== ======== ======== ======== ======== ========
EXHIBIT B
PAGE 1 OF 2
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)
EXHIBIT B
PAGE 2 OF 2
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 TriCo, LLC
TPS Dell, LLC (an EWG)
8. TECO Power Services Corporation
TECO Power Ventures, Inc.
TPS TriCo, 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 A LLC
Hamakua Energy Partners, L.P. (an EWG)
12. TECO Power Services Corporation
TECO Power Ventures, Inc.
TPS TriCo, LLC
TPS Tejas GP, LLC
TPS Tejas LP, LLC
Frontera Generation Limited Partnership (an EWG)