SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM U5S
ANNUAL REPORT
For the Year Ended December 31, 2002
Filed Pursuant to the
Public Utility Holding Company Act of 1935
by
Energy East Corporation
TABLE OF CONTENTS |
||
Page |
||
Item 1. |
System Companies and Investments Therein |
|
Item 2. |
Acquisitions or Sales of Utility Assets |
6 |
Item 3. |
Issue, Sale, Pledge, Guarantee or Assumption of System Securities |
7 |
Item 4. |
Acquisitions, Redemption or Retirement of Securities |
7 |
Item 5. |
Investments in Securities of Non-system Companies |
8 |
Item 6. |
Officers and Directors |
8 |
Item 7. |
Contributions and Public Relations |
16 |
Item 8. |
Service, Sales and Construction Contracts |
17 |
Item 9. |
Wholesale Generators and Foreign Utility Companies |
20 |
Item 10. |
Financial Statements and Exhibits |
20 |
Signature |
24 |
Item 1
System Companies and Investment Therein as of December 31, 2002
|
|
|
|
|
|
Energy East Corporation LNG Marketing Partners (2) Energy East Capital Trust I Energy East Capital Trust II |
Holding |
|
|
|
|
RGS Energy Group, Inc. (4) |
Holding |
1,000 |
100% |
$2,398,800,716 |
$2,398,800,716 |
New York State Electric & |
Electric and |
64,508,477 |
100% |
$940,617,970 |
$940,617,970 |
Rochester Gas and Electric |
Electric and |
34,506,513 |
100% |
$787,346,289 |
$787,346,289 |
Energetix, Inc. (4) |
Electricity and |
100 |
100% |
$45,147,175 |
$45,147,175 |
Sugar Creek Corporation |
* |
2,610,000 |
100% |
$55,065,381 |
$55,065,381 |
Griffith Oil Co., Inc. (4) |
Liquified |
300 |
100% |
$55,065,381 |
$55,065,381 |
Griffith Energy |
* |
100 |
100% |
- |
- |
Moore Bros. Oil Co., |
* |
100 |
100% |
$(384) |
$(384) |
McKee Road |
Real estate |
200 |
100% |
$1,548 |
$1,548 |
Burnwell Gas of |
Propane |
400 |
100% |
$732,891 |
$732,891 |
|
|
|
|
|
|
Avrimac Corporation |
Holding |
100 |
100% |
$23,786,087 |
$23,786,087 |
Seimax Gas |
Propane retailer |
1,485 |
100% |
$(209,334) |
$(209,334) |
Burnwell Gas |
Propane and |
1,779 |
100% |
$24,738,072 |
$24,738,072 |
RGS Development |
* |
100 |
100% |
$100 |
$100 |
Connecticut Energy |
Holding |
1,000 |
100% |
$427,274,102 |
$427,274,102 |
The Southern Connecticut |
Natural gas |
1,407,072 |
100% |
$409,448,184 |
$409,448,184 |
CNE Energy Services Group, |
Energy products |
1,000 |
100% |
$16,563,188 |
$16,563,188 |
Energy East Solutions, LLC |
(10) |
(3) |
50% |
- |
- |
LNG Storage Partners (1) |
Holding |
(3) |
74.5% |
$7,312,048 |
$5,377,611 |
Total Peaking Services, |
Natural gas |
(3) |
100% |
$4,020,047 |
$7,265,032 |
LNG Marketing Partners (2) |
Holding |
(3) |
80% |
$9,375,111 |
$6,724,060 |
CNE Peaking, LLC |
Firm in-market |
(3) |
100% |
$5,851,362 |
$9,349,464 |
CNE Development |
(11) |
- |
- |
- |
- |
East Coast Natural Gas |
(11) |
(3) |
20% |
- |
- |
CNE Venture-Tech Inc. |
Energy-related |
1,000 |
100% |
$7,319,935 |
$7,319,935 |
CIS Service Bureau, LLC |
(9) |
- |
- |
- |
- |
Nth Power Technologies |
Energy-related |
(3) |
7.9% |
$39,144,404 |
$1,928,757 |
|
|
|
|
|
|
Energy East Enterprises, Inc. |
Energy-related |
26 |
100% |
$23,424,068 |
$23,424,068 |
New Hampshire Gas |
Energy services |
25 |
100% |
$1,407,201 |
$1,407,201 |
Seneca Lake Storage, Inc. |
Natural gas |
1 |
100% |
$1,367,349 |
$1,367,349 |
Maine Natural Gas |
Natural gas |
10 |
100% |
$20,163,691 |
$20,163,691 |
Southern Vermont Natural |
Natural gas |
- |
- |
- |
- |
The Energy Network, Inc. |
Energy-related |
5,444 |
100% |
$37,519,576 |
$37,519,576 |
Energy East Solutions, Inc. |
Electricity and |
100 |
100% |
$10,350,057 |
$10,350,057 |
NYSEG Solutions, Inc. |
Electricity and |
26 |
100% |
$4,248,476 |
$4,248,476 |
South Jersey Energy |
Electricity |
(3) |
50% |
$(109,371) |
$(54,685) |
Energy East Solutions, LLC |
(10) |
(3) |
50% |
- |
- |
Energy East |
Exempt |
340 |
100% |
$2,141,430 |
$2,141,430 |
Dominion Telecom East, |
Exempt |
(3) |
50% |
$1,804,048 |
$983,437 |
Cayuga Energy, Inc. |
Energy-related |
8 |
100% |
$29,615,795 |
$29,615,795 |
PEI Power II, LLC |
Peaking |
(3) |
50.1% |
$24,365,797 |
$12,207,450 |
|
|
|
|
|
|
Carthage Energy, LLC |
Peaking |
(3) |
100% |
$6,650,791 |
$6,650,791 |
South Glens Falls Energy, LLC |
Peaking |
(3) |
85% |
$3,635,267 |
$3,088,853 |
Energy East Management |
Service |
10 |
100% |
$11,480,626 |
$11,480,626 |
CMP Group, Inc. LNG Storage Partners (1) LNG Marketing Partners (2) |
Holding |
1,000 |
100% |
$725,154,913 |
$725,154,913 |
Central Maine Power |
Electric utility |
31,211,471 |
100% |
$648,268,033 |
$648,268,033 |
Maine Electric Power |
Electric |
6,877 |
78.3% |
$11,407,249 |
$9,903,198 |
NORVARCO |
Electric utility |
5,000 |
100% |
$849,351 |
$849,351 |
Chester SVC Partnership |
Static var |
(3) |
50% |
- |
- |
Central Securities |
Real estate |
10 |
100% |
$2,521,293 |
$2,521,293 |
Cumberland Securities |
Real estate |
110 |
100% |
$2,311,009 |
$2,311,009 |
Maine Yankee Atomic |
Nuclear |
139,954 |
38% |
$56,733,550 |
$21,558,749 |
Yankee Atomic Electric |
Nuclear |
729 |
9.5% |
$1,037,997 |
$98,610 |
Connecticut Yankee Atomic |
Nuclear |
21,000 |
6% |
$58,312,925 |
$3,498,776 |
|
|
|
|
|
|
MaineCom Services |
Exempt |
10,000 |
100% |
$43,399,308 |
$43,399,308 |
New England Investment |
Exempt |
100 |
100% |
$41,705,271 |
$41,705,271 |
New England Business |
Exempt |
100 |
100% |
$41,701,541 |
$41,701,541 |
New England Security |
Exempt |
100 |
100% |
$41,933,063 |
$41,933,063 |
NEON Communications, |
Telecommun- |
- |
- |
- |
- |
The Union Water-Power |
Utility services, |
7,300 |
100% |
$24,060,486 |
$24,060,486 |
Maine Power |
* |
1,000 |
100% |
$100,000 |
$100,000 |
CTG Resources, Inc. |
Holding |
1,000 |
100% |
$350,264,604 |
$350,264,604 |
Connecticut Natural Gas |
Natural gas |
10,634,496 |
100% |
$343,957,763 |
$343,957,763 |
CNG Real Estate |
Real estate |
(3) |
100% |
$550,992 |
$550,992 |
TEN Companies, Inc. |
Energy services |
1,000 |
100% |
$46,389,709 |
$46,389,709 |
The Hartford Steam |
Heating and |
621 |
100% |
$40,484,523 |
$40,484,523 |
TEN Transmission |
Natural gas |
1 |
100% |
$16,846,823 |
$16,846,823 |
Downtown Cogeneration |
Cogeneration |
(3) |
50% |
$303,354 |
$151,677 |
|
|
|
|
|
|
Berkshire Energy Resources |
Holding |
1,000 |
100% |
$97,484,735 |
$97,484,735 |
The Berkshire Gas Company |
Natural gas |
100 |
100% |
$95,414,846 |
$95,414,846 |
Berkshire Propane, Inc. |
Liquefied |
100 |
100% |
$3,313,605 |
$3,313,605 |
BerkServ Inc. (8) |
Energy services |
- |
100% |
- |
- |
* Inactive subsidiary
(1) LNG Storage Partners is owned by Energy East Corporation (16.2%), CMP Group, Inc. (9.3%) and CNE Energy Services Group, Inc. (74.5%).
(2) LNG Marketing Partners is owned by Energy East Corporation (10%), CMP Group, Inc. (10%) and CNE Energy Services Group, Inc. (80%).
(3) Noncorporate subsidiary (partnership, limited partnership or limited liability company)
(4)RGS Energy Group, Inc. (RGS) was acquired by Energy East Corporation on June 28, 2002. RGS is a holding company which was incorporated in 1998 in the State of New York.
(5)Southern Vermont Natural Gas Corporation was dissolved in 2002. There was no activity in 2002.
(6) Telergy East, LLC changed its name to Dominion Telecom East, LLC in 2002.
(7) Investment was written off in 2002.
(8) Berkshire Service Solutions changed its name to BerServ Inc. and sold its assets in August 2002.
(9) Subsidiary was merged into The Southern Connecticut Gas Company in 2002.
(10) Company ceased doing business in 2002.
(11) Merged into CNE Energy Services Group, Inc. in 2002.
(12) Unsecured note is at prime lending rate minus 1.5% and is due March 31, 2003.
(13) Unsecured debt is at prime plus 1% and is due to The Energy Network, Inc. in June 2007.
Item 2 Acquisitions or Sales of Utility Assets
Information concerning acquisitions or sales of utility assets by system companies, which involved consideration of more than $1 million, not reported in a certificate filed pursuant to Rule 24, during the period of January 1, 2002 through December 31, 2002, is as follows:
Acquisitions: None.
Sales:
Name |
Consideration |
Description |
Location |
New York State |
$6,150,000 |
Sold the Binghamton General Office building and 21 acres of land to Binghamton University in June 2002 |
Vestal, NY |
Item 3 Issue, Sale, Pledge, Guarantee or Assumption of System Securities during the period January 1, 2002 through December 31, 2002
None, except as reported in certificates filed pursuant to Rule 24 and Form U-6B-2 for the year 2002.
Item 4 Acquisitions, Redemption or Retirement of Securities
|
|
|
Extinguished |
|
Berkshire Gas Company |
Commercial Note |
$300,000 |
Extinguished |
42 |
Connecticut Natural Gas |
Series AA First |
$6,540 |
Extinguished |
42 |
TEN Companies, Inc. |
Secured Term Note, at |
$5,000,000 |
Extinguished |
42 |
NYSEG |
9 7/8% FMB - due May 1, |
$13,340,000 |
Extinguished |
42 |
NYSEG |
9 7/8% FMB - due |
$8,000,000 |
Extinguished |
42 |
NYSEG |
8 7/8% FMB - due |
$150,000,000 |
Extinguished |
42 |
NYSEG |
6 3/4% FMB - due October |
$150,000,000 |
Extinguished |
42 |
NYSEG |
8.30% FMB - due December |
$100,000,000 |
Extinguished |
42 |
Rochester Gas and Electric |
RG&E Series QQ FMB |
$100,000,000 |
Extinguished |
42 |
Central Maine Power Company |
8.16%, January 1, 2005 |
$10,100,000 |
Mandatory |
42 |
Central Maine Power Company |
Medium Term Note Series C |
$50,000,000 |
Extinguished |
42 |
NORVARCO |
Limited Recourse Senior |
$1,103,376 |
Mandatory |
42 |
NORVARCO |
Limited Recourse Senior |
$79,714 |
Mandatory |
42 |
Union Water Power Company |
Term Loan, Variable Rate, |
$2,811,292 |
Extinguished |
42 |
Item 5 Investments in Securities of Non-system Companies
1. Aggregate amount of investment in persons operating in the retail service area of the owners, or of its subsidiaries.
None.
2. With respect to securities owned not included in category 1:
None.
Item 6 Officers and Directors - As of December 31, 2002
Legend of Abbreviations
AC |
Assistant Clerk |
AS |
Assistant Secretary |
AT |
Assistant Treasurer |
BOT |
Board of Trustees |
C |
Controller or Chief Accounting Officer |
CB |
Chairman of the Board |
CEO |
Chief Executive Officer |
CFO |
Chief Financial Officer |
CL |
Clerk |
COO |
Chief Operating Officer |
D |
Director |
EC |
Executive Committee |
EVP |
Executive Vice President |
GC |
General Counsel |
M |
Manager |
MC |
Management Committee |
P |
President |
S |
Secretary |
SVP |
Senior Vice President |
T |
Treasurer |
VP |
Vice President |
Address Codes
(a) |
Corporate Drive-Kirkwood Industrial Pk., P.O. Box 5224, Binghamton, NY 13902 |
(b) |
Ithaca-Dryden Road, P.O. Box 3287, Ithaca, NY 14852-3287 |
(c) |
217 Commercial Street, Portland, ME 04101 |
(d) |
P.O. Box 12904, Albany, NY 12212-2904 |
(e) |
Stephens Square, 81 State Street, Binghamton, NY 13901 |
(f) |
89 East Avenue, Rochester, NY 14649 |
(g) |
855 Main Street, Bridgeport, CT 06604 |
(h) |
321 Old Ferry Road, Wiscasset, ME 04578 |
(i) |
100 Columbus Boulevard, Hartford, CT 06144-1500 |
(j) |
115 Cheshire Road, Pittsfield, MA 01201 |
(k) |
9106 McDonald Drive, Bethesda, MD 20817 |
(l) |
83 Edison Drive, Augusta, ME 04336 |
(m) |
209 State Street, P.O. Box 1209, Presque Isle, ME 04769 |
(n) |
33 State Street, P.O. Box 932, Bangor, ME 04401 |
(o) |
77 Grove Street, Rutland, VT 05701 |
(p) |
800 Boylston Street P-1603, Boston, MA 02199 |
(q) |
P.O. Box 300, Seabrook, NH 03874 |
(r) |
526 Western Avenue, Augusta, ME 04330 |
(s) |
25 Research Drive, Westborough, MA 01582 |
Part I. Names, Principal Business Address, Positions Held as of December 31, 2002
|
|
|
|
THE |
|
||||
Allessio, Robert M. (j) |
VP |
||||||||
Ammann, Jr., Vincent L. (g) |
VP, T |
||||||||
Aurelio, Richard (a) |
D |
||||||||
Benson, Richard R. (b) |
VP |
||||||||
Cables, Robert A. (g) |
VP, S |
||||||||
Carrigg, James A. (a) |
D |
||||||||
Castiglia, Joseph J. (a) |
D |
||||||||
DeFleur, B. Lois (a) |
D |
||||||||
Dorazio, Thomas F. (a) |
VP |
||||||||
DuBrava, Elaine T. (a) |
S |
||||||||
Eastman, Michael D. (a) |
VP |
||||||||
German, Michael I. (e) |
D, SVP |
D, P, CFO |
|||||||
Howard, G. Jean (a) |
D |
||||||||
Jagger, David M. (a) |
D |
||||||||
Janczewski, Janet L. (g) |
S |
||||||||
Jasinski, Kenneth M. (d) |
D, EVP, CFO |
EVP, CFO |
D |
D, EVP, CFO |
D |
||||
Keeler, John M. (a) |
D |
||||||||
Kelley, Tim D. (g) |
VP |
||||||||
Kump, Robert D. (d) |
VP, T, S |
VP, T, S |
VP, S |
||||||
Lahtinen, James A. (f) |
VP |
||||||||
Laurito, James P.(i) |
P, COO, D |
||||||||
Lynch, Ben E. (a) |
D |
||||||||
McClain, F. Michael (c) |
VP |
||||||||
Moynihan, Peter J. (a) |
D |
||||||||
Rafferty, Sherwood J. (b) |
SVP, CFO, T, C |
||||||||
Reis, William (i) |
VP |
||||||||
Rich, Walter G. (a) |
D |
||||||||
Rude, Robert E. (d) |
VP, C |
VP, C |
VP, C |
||||||
Smith, Jeffrey K. (a) |
SVP |
||||||||
Sparks-Beddoe, Angela M. (a) |
VP |
||||||||
Tedesco, Ralph R. (a) |
D, P, COO |
||||||||
Turner, Teresa M. (a) |
VP |
||||||||
von Schack, Wesley W. (d) |
D, P, CEO |
D, CB, P, CEO |
D |
D, CB, P, CEO |
D |
||||
Wickham, Denis E. (a) |
SVP, D |
|
|
|
|
|
|
Beaudoin, Mark R. (e) |
VP |
||||
Cables, Robert A. (g) |
VP, S |
||||
Canfield, Ralph H. (e) |
C |
T |
VP, C |
||
German, Michael I. (e) |
D, P |
D, P |
D, P |
D, CEO, P |
D |
Jasinski, Kenneth M. (d) |
D |
D |
|||
Kump, Robert D. (d) |
S, T |
VP, S, CFO |
S |
||
Quimby, Darrel R. (l) |
VP, S, C |
||||
Taylor, Carl A. (e) |
VP, T |
P, T |
|||
von Schack, Wesley W. (d) |
D |
D |
|
|
|
|
|
|
|
|
Bedard, Peter E. (l) |
VP |
||||||
Burns Sara J. (l) |
P, D |
P, D |
P, D |
||||
Call, Curtis I. (l) |
AT |
T, VP, C |
|||||
Canfield, Ralph H. (e) |
T |
||||||
Case, Kathleen A. (l) |
VP |
||||||
Conroy, Michael H. (l) |
VP |
||||||
Coppola, Michael (e) |
P |
||||||
Cyr, William (m) |
D, VP |
||||||
Dorazio, Thomas F. (a) |
D, CB |
||||||
German, Michael I. (e) |
D |
D, P |
D, P |
||||
Herling, Douglas A. (l) |
VP |
||||||
Huskilson, C. (l) |
D |
||||||
Jasinski, Kenneth M. (d) |
D,EVP,CFO |
D |
|||||
Kump, Robert D. (d) |
S |
S |
VP,T, S |
S |
|||
Mahoney, R. Scott (l) |
CL |
S, CL |
S,CL |
S, CL |
|||
Michaud, Rachel M. (l) |
T |
T |
|||||
Robinson, Stephen G. (l) |
VP |
||||||
Rude, Robert E. (d) |
VP,C |
||||||
Smith, Hariph M. (n) |
D |
||||||
Taylor, Carl A. (e) |
T |
T |
|||||
von Schack, Wesley W. (d) |
D, CB, P,CEO |
D |
|||||
Wickham, Denis E. (a) |
D |
|
|
|
|
|
|
Boyles, Brent M. (h) |
D |
||||
Brown, Kent R. (o) |
D |
||||
Burke, Raymond (h) |
VP |
||||
Burns Sara J. (l) |
P, COO, D |
P, COO, D |
D |
||
Call, Curtis I. (l) |
T, D |
T, D |
D |
||
Canfield, Ralph H. (e) |
T |
||||
Cariani, Paul R. (m) |
D |
||||
Case, Kathleen A. (l) |
D |
D |
|||
Chuddy, Barry (h) |
D |
||||
DeAngelo, Robert J. (h) |
D |
||||
Fay, Joseph D. (o) |
AS, C |
S,CL |
|||
Feigenbaum, Ted C. (q) |
P |
||||
Finn, William M. (l) |
S |
||||
German, Michael I. (e) |
D, P |
D, P |
|||
Greenman, Frederic E. (s) |
D |
||||
Guerrette, Carrie D. (h) |
T |
||||
Hager, Michael J. (h) |
D |
||||
Hass, William S. (h) |
D |
||||
Kacich, Richard M. (h) |
D |
||||
Kenyon, Bruce D. (h) |
D |
||||
Kump, Robert D. (d) |
D |
S |
|||
Linscott, Susan (r) |
T |
||||
Mahoney, R. Scott (l) |
S, CL |
S, CL |
D |
||
Martin, Robert H. (p) |
D |
||||
McClain, F. Michael (c) |
D |
D |
|||
Meisner, Michael J. (h) |
VP, COO |
||||
Moynihan, Peter J. (a) |
D |
||||
Murley, Dr. Thomas E. (k) |
D |
||||
Poulin, Gerald C. (l) |
D, CB |
||||
Powderly, Robert C. (s) |
D |
||||
Ramsauer, Kirk L. (s) |
D |
||||
Thomas, Michael E. (h) |
VP, CFO |
UNION WATER- |
CTG |
|
TEN |
BERKSHIRE |
THE |
|
Allessio, Robert M. (j) |
VP |
BOT, P, CEO |
D, P, CEO, T |
|||
Ammann, Jr., Vincent L. (g) |
VP, T |
|||||
Clark, Cheryl M. (j). |
CL |
|||||
Fallona, John F. (r) |
P,D |
|||||
Fay, Joseph D. (o) |
S, CL |
|||||
German, Michael I. (e) |
D, CB |
D, CB, P, CEO |
||||
Janczewski, Janet L. (g) |
S |
|||||
Jasinski, Kenneth M. (d) |
D, EVP,CFO |
D |
BOT,EVP,CFO |
D |
||
Kelley, Tim D. (g) |
VP |
|||||
Kump, Robert D. (d) |
VP, T, S |
VP,T, S |
||||
Laurito, James P. (i) |
D, P, COO |
|||||
Linscott, Susan (r) |
T |
|||||
McClain, F. Michael (c) |
D |
|||||
Reis, William (i) |
VP |
|||||
Rude, Robert E. (d) |
VP, C |
VP,C |
||||
Stevens, Michael C. (i) |
C, AT |
|||||
von Schack, Wesley W. (d) |
D, CB, P, CEO |
D |
BOT |
D |
||
Zink, Karen L. (j) |
VP |
|
|
|
|
ROCHESTER GAS AND ELECTRIC |
|
RGS |
Allessio, Robert M. (j) |
P, COO, T |
P, COO, T |
||||
Bellina, Louis L. (f) |
VP |
|||||
Bovalino, Michael J. (f) |
D,P,CEO |
|||||
Clark, Cheryl M. (j) |
CL |
CL |
||||
DiStefano, J.T. (f) |
VP |
|||||
German, Michael I. (e) |
D |
D |
||||
Hamilton, John A. (f) |
VP |
|||||
Irish, David J. (f) |
VP |
|||||
Jasinski, Kenneth M. (d) |
D,EVP,CFO |
D |
D |
D |
||
Keogh, Mark (f) |
VP, T, S |
T, S |
P |
|||
Kump, Robert D. (d) |
VP, S |
|||||
Lahtinen, James A. (f) |
VP |
|||||
Mecredy, Robert C. (f) |
VP |
|||||
Olson, Clifton B. (f) |
VP |
|||||
Raines, Jessica S. (f) |
VP |
|||||
Ruganis, Paul G. (f) |
VP |
|||||
Syta, Joseph J. (f) |
C |
|||||
Thomas, William L. (f) |
VP |
|||||
von Schack, Wesley W. (d) |
D,CB,P,CEO |
D |
D |
D |
||
Whitcraft, Michael B. (f) |
VP |
|||||
Widay, Joseph A. (f) |
VP |
|||||
Wilkens, Paul C. (f) |
D |
D,P |
Part II. Financial Connections as of December 31, 2002
|
Name and Location of Financial Institution |
Position Held in Financial Institution |
Wesley W. von Schack |
Mellon Financial Corporation and Mellon Bank, N.A. |
Director |
Part III. Compensation and Other Related Information
(a) Compensation of directors and executive officers of system companies, directors' and executive officers' interests in securities of system companies, directors' and executive officers' contracts and transactions with system companies and participation in bonus and profit-sharing arrangements and other benefits are contained in:
Energy East Corporation's proxy statement, that will be filed before April 28, 2003, pages 11 through 24, which is incorporated herein by reference.
Central Maine Power Company's Annual Report on Form 10-K, page 153, for the year ended December 31, 2002, File No. 1-5139.
New York State Electric & Gas Corporation's Annual Report on Form 10-K, page 153, for the year ended December 31, 2002, File No. 1-3103-2.
Rochester Gas and Electric Corporation's Annual Report on Form 10-K, page 153, for the year ended December 31, 2002, File No. 1-672.
(d) Directors' and Executive Officers' Indebtedness to System Companies
None.
(f) Directors' and Executive Officers' Rights to Indemnity.
The state laws under which each of Energy East Corporation and its domestic direct and indirect subsidiaries is incorporated provide broadly for indemnification of directors and officers against claims and liabilities against them in their capacities as such. See By-law 33 of Energy East Corporation's bylaws as amended, effective April 12, 2001.
Item 7 Contributions and Public Relations
1. Energy East Corporation and its subsidiaries have established political action committees and have incurred certain costs in accordance with the provisions of the Federal Election Campaign Act, for the administration of such committees.
2. Expenditures, disbursements or payments for the account of any citizens group or public relations counsel are as follows:
Company |
Beneficiary |
Purpose |
Account |
Amount |
Central Maine Power |
Edison Electric Institute |
Lobbying activities |
Expenditures for |
$48,447 |
New York State Electric & |
Edison Electric Institute |
Lobbying activities |
Expenditures for |
$89,580 |
New York State Electric & |
Buffalo Niagara Enterprise |
Economic development |
Miscellaneous |
$15,000 |
New York State Electric & |
Various - 5 items |
Economic development |
Miscellaneous |
$22,700 |
Rochester Gas and Electric |
Edison Electric Institute |
Lobbying activities |
Miscellaneous |
$43,921 |
Rochester Gas and Electric |
Greater Rochester Enterprise |
Economic development |
Donations |
$50,000 |
Rochester Gas and Electric |
High Tech Rochester |
Economic development |
Donations |
$29,000 |
Rochester Gas and Electric |
Start-up Resource Awards Program |
Economic development |
Donations |
$25,000 |
Rochester Gas and Electric |
Enterprise Foundation |
Economic development |
Donations |
$10,000 |
Rochester Gas and Electric |
Rochester Downtown Development Corp. |
Economic development |
Donations |
$15,000 |
Rochester Gas and Electric |
Action for a Better Community |
Economic development |
Donations |
$5,000 |
Item 8 Services, Sales and Construction Contracts
Part I. Contracts for services, including engineering or construction services or goods supplied or sold by a system company to another system company are as follows:
|
|
|
|
|
Contract In Effect at Year-End |
Materials and |
New York State Electric |
EE Telecommunications |
$104,036 |
6/98 |
Yes |
Materials and |
New York State Electric |
Maine Natural Gas |
$435,268 |
1/02 |
Yes |
Customer Billing and |
New York State Electric |
The Berkshire Gas |
$197,785 |
1/02 |
Yes |
Services |
Central Maine Power |
Maine Natural Gas |
$284,920 |
3/02 |
Yes |
Management |
The Berkshire Gas |
Berkshire Propane |
$37,874 |
1/02 |
Yes |
Dispatch, Technical, |
The Berkshire Gas |
Berkshire Propane |
$127,560 |
1/02 |
Yes |
Management |
The Berkshire Gas |
Berkshire Service |
$18,033 |
1/02 |
No |
Dispatch, Technical, |
The Berkshire Gas |
Berkshire Service |
$13,688 |
1/02 |
No |
Management |
The Berkshire Gas |
The Southern |
$103,756 |
1/02 |
Yes |
Management |
The Berkshire Gas |
Connecticut Natural |
$103,593 |
1/02 |
Yes |
Gas Procurement, |
The Southern |
The Berkshire Gas |
$12,439 |
1/02 |
Yes |
Gas Procurement, |
Connecticut Natural Gas |
The Berkshire Gas |
$38,218 |
1/02 |
Yes |
|
|
|
|
|
Contract In Effect at Year-End |
Technical Services |
Berkshire Service |
The Berkshire Gas |
$83,735 |
1/02 |
No |
Management |
Connecticut Natural |
The Southern |
$1,703,942 |
1/02 |
Yes |
Management |
Connecticut Natural |
TEN Companies, Inc. |
$182,413 |
1/02 |
Yes |
Administrative |
The Southern |
Total Peaking Services, |
$464,665 |
4/96 |
Yes |
Management |
The Southern |
Connecticut Natural |
$1,548,381 |
1/02 |
Yes |
Management |
The Southern |
CNE Energy Services |
$106,556 |
1/02 |
Yes |
Support Services |
Rochester Gas and |
Energetix |
$865,978 |
7/02 |
Yes |
Rent |
Rochester Gas and |
Energetix |
$51,000 |
7/02 |
Yes |
Support Services |
Central Maine Power |
CMP Group |
$392,410 |
3/02 |
Yes |
Support Services |
Central Maine Power |
Maine Electric Power |
$966,850 |
3/02 |
Yes |
Rent |
Central Maine Power |
Maine Electric Power |
$3,833 |
1/02 |
Yes |
|
|
|
|
|
Contract In Effect at Year-End |
Support Services |
Central Maine Power |
Union Water Power |
$750,351 |
3/02 |
Yes |
Support Services |
Central Maine Power |
MaineCom Services |
$412,929 |
3/02 |
Yes |
Rent |
Central Maine Power |
MaineCom Services |
$45,621 |
9/97 |
Yes |
Support Services |
Central Maine Power |
Maine Natural Gas |
$313,683 |
3/02 |
Yes |
Support Services |
Maine Electric Power |
Central Maine Power |
$29,482 |
3/02 |
Yes |
Support Services |
Maine Electric Power |
Chester SVC |
$370,543 |
7/00 |
Yes |
Utility Services |
Union Water Power |
Central Maine Power |
$2,401,296 |
12/01 |
Yes |
Utility Services |
Union Water Power |
MaineCom Services |
$190,798 |
7/00 |
Yes |
Rent |
MaineCom Services |
Central Maine Power |
$368 |
8/98 |
Yes |
Contracts omitted include rent and support services contracts between companies that amounted to less than an aggregate consideration of $100,000 between companies.
Part II. Contracts to purchase services or goods from an affiliate other than a system company or from a company in which any officer or director of the receiving company is a partner or owns 5% or more of any class of equity securities.
None
Part III. Employment of any person by any system company for the performance on a continuing basis of management services.
None
Item 9 Wholesale Generators and Foreign Utility Companies
Part I.
South Glens Falls, LLC: a) South Glens Falls, which is 85% owned by Cayuga Energy, Inc., is located at One Hudson Street, South Glens Falls, NY. Its business address is 81 State Street, Stephens Square, 5th Floor, Binghamton, NY 13901-3110. South Glens Falls is a 63MW, natural gas fired, combined cycle co-generation facility. b) Cayuga Energy has invested $3 million in South Glens Falls. Energy East Corporation has no financial obligations. c) See Exhibit I for debt, equity and net income. d) South Glens Falls has consultative, administrative, project management, material procurement, design, cost estimate and support services contracts with Cayuga Energy, Inc. The services provided to South Glens Falls are billed at the cost of time and materials.
Carthage Energy, LLC: a) Carthage Energy, which is 100% owned by Cayuga Energy, Inc., is located at 701 West End Avenue, Carthage, NY. Its business address is 81 State Street, Stephens Square, 5th Floor, Binghamton, NY 13901-3110. Carthage Energy is a 63MW, natural gas fired, combined cycle co-generation facility. b) Cayuga Energy has invested $6.7 million in Carthage Energy. Energy East Corporation has no financial obligations. c) See Exhibit I for debt, equity and net income. d) Carthage Energy has consultative, administrative, project management, material procurement, design and support services contracts with Cayuga Energy, Inc. The services provided to Carthage Energy are billed at the cost of time and material. Cayuga Energy, Inc. has a service agreement with New York State Electric & Gas Corporation, which provides for NYSEG to perform administrative, consultative and support services. The services provided to Carthage and South Glens Falls are billed at the cost of time and materials.
PEI Power II, LLC: a) PEI Power II, which is 50.1% owned by Cayuga Energy, Inc., is located at 170 Power Boulevard, Archbald, PA 18403. Its business address is 81 State Street, Stephens Square, 5th Floor, Binghamton, NY 13901-3110. PEI Power II is a 45MW, natural gas-fired facility. b) Cayuga Energy has invested $12.2 million in PEI Power II. c.) See Exhibit I for debt, equity and net income. d) PEI Power II has a support services contract with New York State Electric & Gas Corporation. The services provided to PEI Power II are billed at the cost of time and materials.
Part II. Organization chart showing the relationship of each EWG and foreign utility company to other system companies. - See Exhibit H
Part III. Amount of aggregate investment in exempt wholesale generators $21.9 million.
Ratio of aggregate investment in exempt wholesale generators to domestic public utility subsidiaries 1%.
Item 10 Financial Statements and Exhibits
Financial Statements
Consolidating financial statements are listed in Exhibit F. These consolidating financial statements are not covered by the independent accountants' reports, which have been incorporated by reference from Form 10-K into this Form U5S.
EXHIBITS
Exhibit A |
|
A-1 |
Annual report of Energy East Corporation on Form 10-K for the year ended December 31, 2002, - File No. 1-14766 and incorporated herein by reference. |
A-2 |
Annual report of Central Maine Power Company on Form 10-K for the year ended December 31, 2002, - File No. 1-5139 and incorporated herein by reference. |
A-3 |
Annual report of New York State Electric & Gas Corporation on Form 10-K for the year ended December 31, 2002, - File No. 1-3103-2 and incorporated herein by reference. |
A-4 |
Annual report of Rochester Gas and Electric Corporation on Form 10-K for the year ended December 31, 2002, - File No.1-672 and incorporated herein by reference. |
Exhibit B |
|
B-1 |
Restated Certificate of Incorporation of Energy East Corporation pursuant to Section 807 of the Business Corporation Law filed in the Office of the Secretary of State of the State of New York on April 23, 1998, included as Exhibit 3-1 in Energy East Corporation's Annual Report on Form 10-K for the year ended December 31, 2002, - File No. 1-14766 and incorporated herein by reference. |
B-2 |
Certificate of Amendment of the Certificate of Incorporation filed in the Office of the Secretary of State of the State of New York on April 26, 1999 - included as Exhibit 3-2 in Energy East Corporation's Annual Report on Form 10-K for the year ended December 31, 2002, - File No. 1-14766 and incorporated herein by reference. |
B-3 |
By-laws of Energy East Corporation as amended April 12, 2001 - included as Exhibit 3-3 in Energy East Corporation's Annual Report on Form 10-K for the year ended December 31, 2002, - File No. 1-14766 and incorporated herein by reference. |
B-4 |
Articles of Incorporation, as amended, Articles of Amendment to the Articles of Incorporation, and Amended and Restated By-laws of Central Maine Power Company filed as Exhibits 3-1 through 3-3 in Central Maine Power Company's Annual Report on Form 10-K for the year ended December 31, 2002, - File No. 1-5139 and incorporated herein by reference. |
B-5 |
Restated Certificate of Incorporation, Certificates of Amendment of the Certificate of Incorporation and By-laws as amended of New York State Electric & Gas Corporation filed as Exhibits 3-1 through 3-5, 3-7 through 3-14 and 3-16 in New York State Electric & Gas Corporation's Annual Report on Form 10-K for the year ended December 31, 2002, - File No. 1-3103-2 and incorporated herein by reference. |
B-6 |
Restated Certificate of Incorporation, Certificate of Amendment of the Certificate of Incorporation and By-laws as amended of Rochester Gas and Electric Corporation filed as Exhibits 3-1 through 3-3 in Rochester Gas and Electric Corporation's Annual Report on Form 10-K for the year ended December 31, 2002, - File No. 1-672 and incorporated herein by reference. |
Exhibit C |
|
C-1 |
First Mortgage and Supplemental Indentures of New York State Electric & Gas Corporation filed as Exhibits 4-1 through 4-6 in New York State Electric & Gas Corporation's Annual Report on Form 10-K for the year ended December 31, 2002, - File No. 1-3103-2 and incorporated herein by reference. |
C-2 |
General Mortgage and Supplemental Indentures of Rochester Gas and Electric Corporation filed as Exhibits 4-1 and 4-2 in Rochester Gas and Electric Corporation's Annual Report on Form 10-K for the year ended December 31, 2002, - File No. 1-672 and incorporated herein by reference. |
Exhibit D |
Form of Tax Allocation Agreement filed as Exhibit B in Energy East Corporation's Amendment No. 2 to the Application/Declaration on Form U-1, File No. 070-9609 and incorporated herein by reference. |
Exhibit E |
|
E-1 |
Consent of PricewaterhouseCoopers LLP |
E-2 |
Consent of PricewaterhouseCoopers LLP |
E-3 |
Consent of PricewaterhouseCoopers LLP |
E-4 |
Consent of PricewaterhouseCoopers LLP |
Exhibit F |
|
F-1 |
Consolidating Income Statement of Energy East Corporation and subsidiaries. |
F-2 |
Consolidating Balance Sheet of Energy East Corporation and subsidiaries. |
F-3 |
Consolidating Cash Flow Statement of Energy East Corporation and subsidiaries. |
F-4 |
Consolidating Retained Earnings Statement of Energy East Corporation and subsidiaries. |
F-5 |
Consolidating financial statements for Energy East Corporation's subsidiaries are filed confidentially pursuant to Rule 104. |
Exhibit H |
The relationship of each EWG, in which the system holds an interest, to other system companies is reflected in Item 1. |
Exhibit I |
Balance Sheet and Statements of Income and Cash Flow for exempt wholesale generators are filed confidentially pursuant to Rule 104. |
S I G N A T U R E
Pursuant to the requirements of the Public Utility Holding Company Act of 1935, as amended, the undersigned company has duly caused this Certificate to be signed on its behalf by the undersigned thereunto duly authorized.
|
Energy East Corporation |