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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.

FORM U-9C-3

QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
For the Quarterly Period Ended December 31, 2004

E.ON AG
E.ON US Holding GmbH
E.ON US Investments Corp.
LG&E Energy LLC
(Name of Registered Holding Company)

E.ON AG
E.ON-Platz 1
40479 Dusseldorf
Germany
(Address of Principal Executives Offices)

Inquiries concerning this Form U-9C-3 may be directed to:

Dr. Rainer Liesen
General Legal Affairs
E.ON AG
E.ON-Platz 1
40479 Dusseldorf
Germany





E.ON AG

FORM U-9C-3
For the Quarter Ended December 31, 2004

Table of Contents

Item 1. —   ORGANIZATION CHART   1

Item 2. —

 

ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS

 

2

Item 3. —

 

ASSOCIATED TRANSACTIONS

 

3

Item 4. —

 

SUMMARY OF AGGREGATE INVESTMENT

 

6

Item 5. —

 

OTHER INVESTMENTS

 

8

Item 6. —

 

FINANCIAL STATEMENTS AND EXHIBITS

 

9

i


This report covers the quarter ended December 31, 2004.


Item 1.—ORGANIZATION CHART

Name of Reporting Company

  Energy or
Gas-related
Company

  Date of
Organization

  State/Country
of Organization

  Percentage of
Voting
Securities Held

  Nature of Business

 

 

 

 

 

 

 

 

 

 

 

Omitted for the fourth quarter of the fiscal year pursuant to instructions for Item 1.

1



Item 2.—ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS

Company Issuing
Security

  Type of Security
Issued

  Principal
Amount of Security

  Issue or Renewal
  Cost of
Capital

  Person to
Whom Security
was Issued

  Collateral
Given with
Security

  Consideration
Received for
Each Security

LG&E Capital   Money pool loan   $ 45,393,501*       Money Pool   N/A  
LG&E Energy Marketing   Money pool loan   $ 31,924,973*       Money Pool   N/A  

*
Reflects net change in intercompany loans during the reporting period.

        With respect to transactions with an associate company:

Company
Contributing Capital

  Company
Receiving Capital

  Amount of
Capital Contribution

NONE        

 

 

 

 

 

2



Item 3.—ASSOCIATED TRANSACTIONS

        NOTE: Chart reflects the net inter-company balance sheet flows between the entities with respect to the period. In some cases, this includes amounts not related to applicable services provided or received by the entities involved. Among other items, "miscellaneous services" also includes quarterly intercompany clearance of tax settlements made among the entities.

Part I.—Transactions Performed by Reporting Companies on behalf of Associate Companies.

Reporting Company
Rendering Services

  Associate Company
Receiving Services

  Types of Services
Rendered

  Direct Costs
Charged

  Indirect Costs
Charged

  Cost of
Capital

  Total
Amount
Billed

FCD LLC   LCC   Miscellaneous services   $ 27,228           $ 27,228
FCD LLC   WKEC   Miscellaneous services   $ 2,129           $ 2,129
FCD LLC   LEL   Miscellaneous services   $ 6,474           $ 6,474
LCC LLC   LEL   Miscellaneous services   $ 154           $ 154
FSF Minerals   LEL   Miscellaneous services   $ 6,024           $ 6,024
Home Services   Services Company   Miscellaneous services   $ 143           $ 143
Home Services   LG&E Utility   Miscellaneous services   $ 3,333           $ 3,333
Home Services   LCC   Miscellaneous services   $ 1,988           $ 1,988
Home Services   Kentucky Utilities   Miscellaneous services   $ 681           $ 681
LEM   LCC   Miscellaneous services   $ 106,509           $ 106,509
LEM   LEL   Miscellaneous services   $ 110,379           $ 110,379
LG&E Power Inc.   LG&E Power Services   Miscellaneous services   $ 350,970           $ 350,970
LG&E Power Inc.   LG&E Power Services   Convenience payments   $ 222           $ 222
LG&E Power Inc.   LG&E Power Operations Inc.   Miscellaneous services   $ 1,121,180           $ 1,121,180
LG&E Power Inc.   LG&E Power Operations Inc.   Convenience payments   $ 23,689           $ 23,689
LG&E Power Inc.   LG&E Power 16 Inc.   Convenience payments   $ 2,550           $ 2,550
LG&E Power Inc.   American Power Inc.   Miscellaneous services   $ 915,764           $ 915,764
LG&E Power Inc.   LG&E Power Roanoke Inc.   Convenience payments   $ 70,732           $ 70,732
LG&E Power Inc.   LG&E Power Services   Labor related   $ 2,165           $ 2,165
LG&E Power Services LLC   LG&E Power Inc.   Miscellaneous services   $ 58,912           $ 58,912
LG&E Power Services LLC   LG&E Power Inc.   Convenience payments   $ 740           $ 740
LG&E Power Services LLC   LG&E Power Inc.   Labor related   $ 1,741           $ 1,741
LG&E Power Services LLC   LG&E Power Operations   Convenience payments   $ 101           $ 101
LG&E Power Operations   LG&E Power Inc.   Miscellaneous services   $ 933,000           $ 933,000
LG&E Power Operations   LG&E Power Inc.   Convenience payments   $ 6,701           $ 6,701
LG&E Power Operations   LG&E Power Services   Labor related   $ 4,826           $ 4,826
LG&E Power Operations   LG&E Power Roanoke Inc.   Miscellaneous services   $ 7,354,205           $ 7,354,205
LG&E Power Operations   LG&E Power Argentina I Inc   Miscellaneous services   $ 66           $ 66
LG&E Power Operations   LG&E Power Development   Other payments   $ 1,791           $ 1,791
                             

3


LG&E Power Operations   LG&E Power 16 Inc.   Miscellaneous services   $ 98,738           $ 98,738
LG&E Power Operations   LG&E Power 16 Inc.   Convenience payments   $ 340           $ 340
LG&E Power Operations   LG&E Power 31 Inc.   Miscellaneous services   $ 14,543           $ 14,543
LG&E Power Operations   LG&E Power 5 Inc.   Miscellaneous services   $ 22,619           $ 22,619
LG&E Power Operations   LG&E Power 31 Wind Inc.   Miscellaneous services   $ 587,168           $ 587,168
LG&E Power Operations   Llano Gathering   Convenience payments   $ 20,288           $ 20,288
LG&E Power Operations   LG&E Power Gregory II   Miscellaneous services   $ 542,698           $ 542,698
LG&E Power Operations   LG&E Power Spain Inc.   Miscellaneous services   $ 45,910           $ 45,910
KU Solutions   LEL   Miscellaneous services   $ 8,774           $ 8,774
KU Solutions   LCC   Miscellaneous services   $ 10,000           $ 10,000
KUCC Paris   LEL   Miscellaneous services   $ 70,388           $ 70,388
LG&E Power Gregory I   LG&E Power Operations   Miscellaneous services   $ 2,806,874           $ 2,806,874

4


        Part II—Transactions Performed by Associate Companies on behalf of Reporting Companies.

Reporting Company
Rendering Services

  Associate Company
Receiving Services

  Types of Services
Rendered

  Direct Costs
Charged

  Indirect Costs
Charged

  Cost of
Capital

  Total
Amount
Billed

LG&E Utility   Home Services   Miscellaneous services   $ 47             $ 47
Kentucky Utilities   KU Solutions   Labor related   $ 51,309             $ 51,309
Kentucky Utilities   KU Solutions   Convenience payments   $ 170,733             $ 170,733
Services Company   LG&E Power Inc.   Miscellaneous services   $ 2,637,467   $ 78,588       $ 2,716,055
Services Company   LEM   Miscellaneous services   $ 1,983,790   $ 399,099       $ 2,382,889
LEL   KUCC Paris   Miscellaneous services   $ 162             $ 162
LEL   FCD LLC   Miscellaneous services   $ 56,524             $ 56,524
LEL   Home Services   Miscellaneous services   $ 14,328             $ 14,328
LEL   LEM   Miscellaneous services   $ 6             $ 6
LCC   FSF Minerals Inc.   Miscellaneous services   $ 249,221             $ 249,221
LCC   KU Solutions   Miscellaneous services   $ 30,000             $ 30,000
LCC   FCD LLC   Miscellaneous services   $ 124,897             $ 124,897

Company Names:

LEL   LG&E Energy LLC
LCC   LG&E Capital Corp.
LG&E Utility   Louisville Gas and Electric Company
Kentucky Utilities   Kentucky Utilities Company
WKEC   Western Kentucky Energy Corp.
Enertech   LG&E Enertech Inc.
Home Services   LG&E Home Services Inc.
KU Solutions   KU Solutions Corporation
LEM   LG&E Energy Marketing Inc.
Services Company   LG&E Energy Services Inc.
LG&E Power Operations   LG&E Power Operations Inc.

5



Item 4.—SUMMARY OF AGGREGATE INVESTMENT

Investments in energy-related companies:

Total consolidated capitalization as of December 31, 2004   $ 78,527,954,000   Line 1

Total capitalization multiplied by 15% (Line 1 multiplied by 0.15)

 

$

11,779,193,100

 

Line 2

Greater of $50 million or Line 2

 

$

11,779,193,100

 

Line 3
   
   
Total current aggregate investment*:
(categorized by major line of energy-related business)
         

Energy-related business Category—Rule 58(b)(1)(i) (1)

 

$

0

 

 

Energy-related business Category—Rule 58(b)(1)(ii) (2)

 

$

0

 

 

Energy-related business Category—Rule 58(b)(1)(iv) (3)

 

$

4,203,645

 

 

Energy-related business Category—Rule 58(b)(1)(v) (4)

 

$

848,744,205

 

 

Energy-related business Category—Rule 58(b)(1)(vii) (5)

 

$

19,976,692

 

 

Energy-related business Category—Rule 58(b)(1)(viii) (6)

 

$

72,329,696

 

 

Energy-related business Category—Rule 58(b)(1)(ix) (7)

 

$

6,543,873

 

 
   
   
Total current aggregate investment   $ 951,798,111   Line 4
   
   
Difference between the greater of $50 million or 15% of capitalization and the total aggregate investment of the registered holding company system (line 3 less line 4)   $ 10,827,394,989   Line 5
   
   

*
Includes aggregate investment in energy-related companies made prior to March 24, 1997.

(1)
Rule 58(b)(1)(i)—the rendering of energy management services and demand-side management services.

(2)
Rule 58(b)(1)(ii)—the development and commercialization of electrotechnologies related to energy conservation, storage and conversion, energy efficiency, waste treatment, greenhouse gas reduction, and similar innovations.

(3)
Rule 58(b)(1)(iv)—the sale of electric and gas appliances; equipment to promote new technologies, or new applications for existing technologies, that use gas or electricity; and equipment that enables the use of gas or electricity as an alternate fuel; and the installation and servicing thereof.

(4)
Rule 58(b)(1)(v)—the brokering and marketing of energy commodities, including but not limited to electricity, natural or manufactured gas and other combustible fuels.

(5)
Rule 58(b)(1)(vii)—the sale of technical, operational, management, and other similar kinds of services and expertise, developed in the course of utility operations in such areas as power plant and transmission system engineering, development, design and rehabilitation; construction; maintenance and operation; fuel procurement, delivery and management; and environmental licensing, testing and redemption.

(6)
Rule 58(b)(1)(viii)—the development, ownership or operation of "qualifying facilities," as defined under the Public Utility Regulatory Policies Act of 1978, as amended ("PURPA"), and any integrated thermal, steam host, or other necessary facility constructed, developed or acquired

6


(7)
Rule 58(b)(1)(ix)—the ownership, operation and servicing of fuel procurement, transportation, handling and storage facilities, scrubbers, and resource recovery and waste water treatment facilities.

Investments in gas-related companies:

Total current aggregate investment:
(categorized by major line of gas-related business)
     

Gas-related business Category—Rule 58(b)(2)(i) (1)

 

$

0

Gas-related business Category—Rule 58(b)(2)(ii) (2)

 

$

0
   

Total current aggregate investment

 

$

0
   

(1)
Rule 58(b)(2)(i)—activities permitted under Section 2(a) of the Gas-Related Activities Act of 1990, 104 Stat. 2810.

(2)
Rule 58(b)(2)(ii)—activities specified in Section 2(b) of the Gas-Related Activities Act of 1990, 104 Stat. 2810.

7



Item 5.—OTHER INVESTMENTS

Major Line of Energy-Related Business
  Other Investment in
Last U-9C-3 Report

  Other Investment
in this U-9C-3

  Reason for Difference in Other Investment
Gas related businesses   $ 22,298,253   $ 22,322,388   Changes in intercompany advances from 09/30/04 amounts
International investments (Argentine gas distribution and Spanish generation)   $ 43,859,518   $ 42,554,404   Changes in intercompany advances from 09/30/04 amounts

Consumer credit investments (LG&E Credit Corp)

 

$

269,366

 

$

297,351

 

Changes in intercompany advances from 9/30/04 amounts

Unregulated generation investments

 

$

88,416,157

 

$

101,760,887

 

Changes in intercompany advances from 09/30/04 amounts.

8



Item 6.—FINANCIAL STATEMENTS AND EXHIBITS

A. Financial Statements:

Exhibit A   Financial Statements for Reporting Companies.

 

 

Omitted for fourth quarter of fiscal year pursuant to Instructions to Item 6.

9


B. Exhibits:

Exhibit B-1   Copies of contracts required to be provided by Item 3

 

 

None

Exhibit B-2

 

Officer's Certification

10



SIGNATURE

        The undersigned registered holding companies have duly caused this quarterly report to be signed on their behalf by the undersigned officers thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935.

    E.ON AG
E.ON US Holding GmbH
E.ON US Investments Corp.
LG&E Energy LLC

Date: March 30, 2005

 

E.ON AG

 

 

By:

/s/  
MICHAEL C. WILHELM      
    Name: Michael C. Wilhelm
    Title: Senior Vice President Accounting

 

 

By:

/s/  
KARL-HEINZ FELDMANN      
    Name: Karl-Heinz Feldmann
    Title: Senior Vice President Legal Affairs, General Counsel

Exhibit B-2


CERTIFICATE

        I hereby certify that the Form U-9C-3 for E.ON AG for the previous quarter has been provided to the state commissions listed below:

Kentucky Public Service Commission
211 Sower Boulevard
Frankfurt, KY 40601

Virginia State Corporation Commission
1300 E. Main Street
Richmond, VA 23219

Date: March 30, 2005   E.ON AG

 

 

By:

/s/  
MICHAEL C. WILHELM      
    Name: Michael C. Wilhelm
    Title: Senior Vice President Accounting

 

 

By:

/s/  
KARL-HEINZ FELDMANN      
    Name: Karl-Heinz Feldmann
    Title: Senior Vice President Legal Affairs, General Counsel



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E.ON AG FORM U-9C-3 For the Quarter Ended December 31, 2004 Table of Contents
SIGNATURE
CERTIFICATE