Asset Transfer from West Penn Power to Allegheny Energy Supply Company
using October 31, 1999 Book Values
Sale and Other Assets Net
Purchase and Liabilitie Asset
Agreement Contribution Transfer
Property, Plant & Equip:
At original cost 1,837,381,901.43 1,837,381,901.43
Accumulated deprecation (916,608,655.39 (916,608,655.39
Total Property, Plant & Equip 920,773,246.04 920,773,246.04
Investments and Other Assets:
Allegheny Generating Co. 71,534,038.80 71,534,038.80
Total Investments and Other Assets 71,534,038.80 71,534,038.80
Current Assets:
Cash & temp cash investment 10,000.00 10,000.00
Accounts receivable:
Electric Service AR 34,557,672.93 34,557,672.93
Other AR 7,923.46 7,923.46
Allowance for uncollectible accounts (807,205.38) (807,205.38
Accounts receivable - affiliated 25,953,645.28 25,953,645.28
Materials and supplies:
Operating & construction materials and supp 25,808,325.62 25,808,325.62
Fuel materials and supplies 26,085,668.19 26,085,668.19
Prepaid taxes 9,168,189.00 9,168,189.00
Other current assets 2,550,354.80 2,550,354.80
Total Current Assets 51,893,993.81 71,440,580.09 123,334,573.90
Deferred Charges:
Deferred income taxes-deferred charge 16,553,992.49 16,553,992.49
Total Deferred Charges 16,553,992.49 16,553,992.49
Capitalization
Long-term debt (pollution control notes) (230,815,000.00) (230,815,000.00)
Funds on deposit with trustees 6,673,828.00 6,673,828.00
Total Capitalization (224,141,172.00) (224,141,172.00)
Current Liabilities:
Accounts payable - affiliated (6,161,977.15) (6,161,977.15)
Accounts payable - other (66,150,500.10) (66,150,500.10)
Taxes accrued:
Other tax accrued (8,236,898.63) (8,236,898.63)
Interest accrued
Adverse purchase commitment - short-term (24,289,250.00) (24,289,250.00)
Other current liabilities (8,829,407.31) (8,829,407.31)
Total current liabilities (113,668,033.19) (113,668,033.19)
Deferred Credits & Other Liabilities
Unamortized investment credit (18,352,175.47) (18,352,175.47)
Deferred income taxes (214,671,893.29) (214,671,893.29)
Adverse purchase commitment - long-term (189,717,583.30) (189,717,583.30)
Other deferred credit & liabilities (3,390,187.55) (3,390,187.55)
Total Deferred Credits & Other Liabilities (426,131,839.62) (426,131,839.62)
Net asset transfer 972,667,239.85 (604,412,433.43) 368,254,806.42
Payment:
Cash consideration 159,919,521.27 159,919,521.27
Notes 812,747,718.58 (604,412,433.43 208,335,285.15
Net asset transfer 972,667,239.85 (604,412,433.43) 368,254,806.42
