UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
For the Calendar Quarter Ended September 30, 2002
Dominion Resources, Inc.
120 Tredegar Street
Richmond, Virginia 23219
(Address of principal executive offices)
Table of Contents
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Item 1. |
2 |
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Item 2. |
Issuance and Renewals of Securities and Capital Contributions |
4 |
Item 3. |
5 |
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Item 4. |
6 |
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Item 5. |
7 |
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Item 6. |
7 |
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Page 2
ITEM 1 - ORGANIZATION CHART
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% of Voting Securities Held |
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Dominion Resources, Inc. ("DRI")(a) |
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Dominion Alliance Holding, Inc. ("DAH") |
Energy Related |
11/2000 |
Delaware |
100% |
Holds an investment in Bridgeco that will develop the infrastructure necessary to operate the Alliance regional transmission organization. |
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Dominion Energy Technologies, Inc. ("DETI") |
Energy Related |
4/2001 |
Virginia |
100% |
Holds venture investments in energy technology companies. |
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Dominion Metering Services, Inc. ("DMS") |
Energy Related |
12/2000 |
Virginia |
100% |
Provides contract meter reading services. |
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Dominion Ohio ES, Inc. ("DOES") |
Energy Related |
5/2001 |
Ohio |
100% |
Provides engineering, construction and other services. |
Dominion Technical Solutions, Inc. ("DTECH") (NEW) |
Energy Related |
8/2002 |
Virginia |
100% |
Provides engineering, construction and other services. |
(a) Directly or indirectly holds interests in energy-related companies.
Page 3
ITEM 1 - ORGANIZATION CHART (CONTINUED)
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% of Voting Securities Held |
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Dominion Resources, Inc. ("DRI") (a) |
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Dominion Energy, Inc. ("DEI") (a) |
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Dominion Energy Direct Sales, Inc. ("DEDS") |
Energy Related |
2/2000 |
Virginia |
100% |
Primarily engages in retail sales of electricity and gas to commercial and industrial users. |
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Dominion Energy Exchange, Inc. ("DEE") |
Energy Related |
9/2000 |
Virginia |
100% |
Owns an interest in EIP Holdings, LLC ("EIP") which owns 66.34% of TradeSpark, LP, an electronic and telephonic marketplace for transactions in natural gas, electricity and other fuels.(b) |
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Dominion Cleveland Thermal, Inc. ("DCT") |
Energy Related |
10/2000 |
Ohio |
100% |
Produces steam and chilled Water for retail customers in the Cleveland, Ohio area. |
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Dominion Wagram, Inc. ("Wagram") (NEW) |
Energy Related |
4/2002 |
North Carolina |
100% |
Holds contracts pertaining to a steam plant facility in Wagram, NC that DEDS built to serve Westpoint Stevens. |
(a) Directly or indirectly holds interests in energy-related companies.
(b) DEE's voting rights in EIP cannot exceed 9.9% unless (i) its economic interest is less than 10% or (ii) it elects to increase its voting rights to equal its economic interest.
ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS(d)
Company issuing security (Borrower) |
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Person to whom issued |
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DAH |
Short Term Advances |
$2,538,000 |
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DRI |
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(c) The chart reflects advances made by Lenders to Borrowers. Advances are evidenced by book entries and were made pursuant to Rule 52.
Company |
Company |
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DRI |
DTECH |
$46,000 in return for 200 shares of no par common stock; capital contribution of $1,000,000 |
DEI |
Wagram |
$1,000 in return for 100 shares of no par common stock |
Page 5
ITEM 3 - ASSOCIATE TRANSACTIONS
Part I - Transactions Performed by Reporting Companies on Behalf of Associate Companies
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Types of Services Rendered |
Direct |
Indirect |
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Total |
DOES |
Dominion Equipment, Inc. (d) |
Engineering services |
75,634 |
0 |
0 |
75,634 |
DTECH |
Dominion Person, Inc. (e) |
Engineering services |
2,428 |
1,092 |
0 |
3,520 |
DTECH |
Armstrong Energy Limited Partnership, LLLP (e) |
Engineering services |
85 |
39 |
0 |
124 |
DTECH |
Dresden Energy, LLC (e) |
Engineering services |
63,407 |
26,445 |
0 |
89,852 |
DTECH |
Fairless Energy, LLC (e) |
Engineering services |
45,106 |
19,668 |
0 |
64,774 |
(d) Services provided by DOES to Dominion Equipment, Inc. are provided pursuant to service agreements dated June 1, 2001 in the form of Exhibit B to the Form U-9C-3 filed for the fourth quarter of 2001.
(e) Services provided by DTECH to Dominion Person, Inc., Armstrong Energy Limited Partnership, LLLP, Dresden Energy, LLC and Dominion Equipment III, Inc. as agent for Fairless Energy, LLC are provided pursuant to service agreements dated August 1, 2002 in the form of Exhibits B,C,D and E, respectively.
Part II - Transactions Performed by Associate Companies on Behalf of Reporting Companies
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Types of Services Rendered |
Direct |
Indirect |
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Total |
Dominion Retail, Inc. |
DEDS (f) |
Administrative & Management Services |
9,054 |
0 |
0 |
9,054 |
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(f) Services provided by Dominion Retail, Inc. to DEDS are provided pursuant to service agreements dated June 1, 2002 in the form of Exhibit F.
Page 6
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
Investments in energy-related companies (in thousands):
Total consolidated capitalization of DRI as of September 30, 2002 |
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Total capitalization multiplied by 15% (Line 1 multiplied by 0.15) |
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Greater of $50 million or line 2 |
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$3,913,279 |
Line 3 |
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Total current aggregate investment: (categorized by major line of energy-related business) |
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Energy-related business by category |
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Category 2 |
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10 |
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Category 5 |
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16,836 |
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Category 6 |
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13,690 |
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Category 7 |
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10,099 |
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Total current aggregate investment |
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40,634 |
Line 4 |
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Difference between the greater of $50 million or 15% of capitalization and the total aggregate investment of the registered holding system |
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3,872,644 |
Line 5 |
Investments in gas-related companies (in thousands):
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Total current aggregate investment: (categorized by major line of gas-related business) |
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(g) Includes short-term debt of $3,824,442.
(h) Consolidated Natural Gas Company, a subsidiary of DRI which is registered as a holding company solely by reason of ownership of voting securities of gas utility companies, has gas-related companies which are covered by its Form U-9C-3.
Page 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 Report |
Reason for Difference in Other Investment |
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None.
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS
A. Financial Statements
Balance sheets as of September 30, 2002 and income statements for the quarter and nine months ended September 30, 2002 for the following companies are filed under confidential treatment pursuant to Rule 104(b):
DEDS |
DEE |
DAH |
DETI |
DMS |
DCT |
DOES |
Wagram |
DTECH |
B. Exhibits
The form of service agreement, dated August 1, 2002 between DTECH and Dominion Person, Inc. is attached as Exhibit B.
The form of service agreement, dated August 1, 2002 between DTECH and Armstrong Energy Limited Partnership, LLLP is attached as Exhibit C.
The form of service agreement, dated August 1, 2002 between DTECH and Dresden Energy, LLC is attached as Exhibit D.
The form of service agreement, dated August 1, 2002 between DTECH and Dominion Equipment III, Inc. as Construction Agent for Amanda Funding Limited Partnership, with respect to Fairless Energy LLC is attached as Exhibit E.
The form of service agreement, dated June 1, 2002 between Dominion Retail, Inc. and DEDS is attached as Exhibit F.
The certificate as to filing with interested state commissions is attached hereto as Exhibit G.
SIGNATURE
The undersigned registered holding company has duly caused this quarterly report to be signed on its behalf by the undersigned attorney thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935.
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DOMINION RESOURCES, INC. |
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/s/ James F. Stutts |
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By: James F. Stutts |
November 26, 2002 |
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Exhibit B
August 1, 2002
Dominion Person, Inc.
120 Tredegar Street
Richmond, VA 23219
Gentlemen:
This Agreement is entered into by and between Dominion Technical Solutions, Inc. ("Providing Company"), a Virginia corporation and Dominion Person, Inc. ("Receiving Company"), a Delaware corporation. Receiving Company has requested that Providing Company provide it with certain services which it may from time to time require in the conduct of its business. Providing Company has agreed to provide such services to Receiving Company, upon the terms and conditions hereinafter provided.
Accordingly, in consideration of the mutual promises herein contained, Providing Company and Receiving Company agree as follows:
The cost of rendering such services shall include: (1) a portion of the salaries and wages of employees of Providing Company determined according to the time devoted by such employees to the performance of services hereunder for Receiving Company; (2) the costs of such employees' benefits, payroll taxes and compensated absences attributable to salaries and wages directly billed, as determined in accordance with Providing Company policies and procedures in place from time to time, (3) all other out-of-pocket operating costs, including expenses for transportation, tolls and other expenses incurred by Providing Company or its employees in connection with the performance of services under this Agreement , (4) the actual costs of materials and supplies furnished by Providing Company in connection with the performance of services under this Agreement, and (5) administrative and general costs attributable to services performed under this Agreement (including reasonable amounts for general office maintenance and depreciation, amortization, return and related taxes on Providing Company's general plant investment), determined in accordance with Providing Company's policies and procedures.
If you approve of this proposal, please indicate your acceptance by executing both copies hereof in the space provided and return one (1) fully executed copy to Providing Company.
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Respectfully submitted, |
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By: /s/ Jimmy D. Staton |
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Jimmy D. Staton |
Accepted and Agreed to: |
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By: /s/ Malcom G. Deacon, Jr. |
Malcolm G. Deacon, Jr. |
Exhibit C
August 1, 2002
Armstrong Energy Limited Partnership LLLP
120 Tredegar Street
Richmond, Virginia 23219
Gentlemen:
This Agreement is entered into by and between Dominion Technical Solutions, Inc. ("Providing Company"), a Virginia corporation and Armstrong Energy Limited Partnership LLLP ("Receiving Company"), a Delaware corporation. Receiving Company has requested that Providing Company provide it with certain services which it may from time to time require in the conduct of its business. Providing Company has agreed to provide such services to Receiving Company, upon the terms and conditions hereinafter provided.
Accordingly, in consideration of the mutual promises herein contained, Providing Company and Receiving Company agree as follows:
The cost of rendering such services shall include: (1) a portion of the salaries and wages of employees of Providing Company determined according to the time devoted by such employees to the performance of services hereunder for Receiving Company; (2) the costs of such employees' benefits, payroll taxes and compensated absences attributable to salaries and wages directly billed, as determined in accordance with Providing Company policies and procedures in place from time to time, (3) all other out-of-pocket operating costs, including expenses for transportation, tolls and other expenses incurred by Providing Company or its employees in connection with the performance of services under this Agreement , (4) the actual costs of materials and supplies furnished by Providing Company in connection with the performance of services under this Agreement, and (5) administrative and general costs attributable to services performed under this Agreement (including reasonable amounts for general office maintenance and depreciation, amortization, return and related taxes on Providing Company's general plant investment), determined in accordance with Providing Company's policies and procedures.
If you approve of this proposal, please indicate your acceptance by executing both copies hereof in the space provided and return one (1) fully executed copy to Providing Company.
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Respectfully submitted, |
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By: /s/ Jimmy D. Staton |
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Jimmy D. Staton |
Accepted and Agreed to: |
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By: /s/ Malcom G. Deacon, Jr. |
Malcolm G. Deacon, Jr. |
Exhibit D
August 1, 2002
Dresden Energy, LLC
120 Tredegar Street
Richmond, Virginia 23219
Gentlemen:
This Agreement is entered into by and between Dominion Technical Solutions, Inc. ("Providing Company"), a Virginia corporation and Dresden Energy, LLC ("Receiving Company"), a Delaware limited liability company. Receiving Company has requested that Providing Company provide it with certain services which it may from time to time require in the conduct of its business. Providing Company has agreed to provide such services to Receiving Company, upon the terms and conditions hereinafter provided.
Accordingly, in consideration of the mutual promises herein contained, Providing Company and Receiving Company agree as follows:
The cost of rendering such services shall include: (1) a portion of the salaries and wages of employees of Providing Company determined according to the time devoted by such employees to the performance of services hereunder for Receiving Company; (2) the costs of such employees' benefits, payroll taxes and compensated absences attributable to salaries and wages directly billed, as determined in accordance with Providing Company policies and procedures in place from time to time, (3) all other out-of-pocket operating costs, including expenses for transportation, tolls and other expenses incurred by Providing Company or its employees in connection with the performance of services under this Agreement , (4) the actual costs of materials and supplies furnished by Providing Company in connection with the performance of services under this Agreement, and (5) administrative and general costs attributable to services performed under this Agreement (including reasonable amounts for general office maintenance and depreciation, amortization, return and related taxes on Providing Company's general plant investment), determined in accordance with Providing Company's policies and procedures.
If you approve of this proposal, please indicate your acceptance by executing both copies hereof in the space provided and return one (1) fully executed copy to Providing Company.
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Respectfully submitted, |
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By: /s/ Jimmy D. Staton |
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Jimmy D. Staton |
Accepted and Agreed to: |
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By: /s/ Malcom G. Deacon, Jr. |
Malcolm G. Deacon, Jr. |
Exhibit E
August 1, 2002
Dominion Equipment, III, Inc.
120 Tredegar Street
Richmond, VA 23219
Gentlemen:
This Agreement is entered into by and between Dominion Technical Solutions, Inc. ("DTS"), a Virginia corporation and Dominion Equipment, III, Inc., a Delaware corporation ("Dominion Equipment"), not in its individual capacity but as Construction Agent for Amanda Funding Limited Partnership ("Amanda Funding"). Dominion Equipment has requested that DTS provide certain services which may from time to time be required in connection with the pre-operational and construction phase of the Fairless Energy Facility located in the Commonwealth of Pennsylvania (the "Project"). DTS has agreed to provide such services to Dominion Equipment, upon the terms and conditions hereinafter provided.
Accordingly, in consideration of the mutual promises herein contained, DTS and Dominion Equipment agree as follows:
The cost of rendering such services shall include: (1) a portion of the salaries and wages of employees of DTS determined according to the time devoted by such employees to the performance of services hereunder for Dominion Equipment; (2) the costs of such employees' benefits, payroll taxes and compensated absences attributable to salaries and wages directly billed, as determined in accordance with DTS policies and procedures in place from time to time, (3) all other out-of-pocket operating costs, including expenses for transportation, tolls and other expenses incurred by DTS or its employees in connection with the performance of services under this Agreement , (4) the actual costs of materials and supplies furnished by DTS in connection with the performance of services under this Agreement, (5) the cost of any services provided by non-employees engaged by DTS in connection with the performance of services hereunder for Dominion Equipment; and (6) administrative and general costs attributable to services performed under this Agreement (including reasonable amounts for general office maintenance and depreciation, amortization, return and related taxes on DTS's general plant investment), determined in accordance with DTS's policies and procedures.
If you accept the terms and condition of this Agreement, please indicate your acceptance by executing both copies hereof in the space provided and return one (1) fully executed copy to DTS.
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Respectfully submitted, |
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By: /s/ Jimmy D. Staton |
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Jimmy D. Staton |
Accepted and Agreed to: Dominion Equipment, III, Inc. |
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By: /s/ Malcom G. Deacon, Jr. |
Malcolm G. Deacon, Jr. |
Exhibit F
June 1, 2002
Dominion Energy Direct Sales, Inc.
120 Tredegar Street
Richmond, Virginia 23219
Gentlemen:
This Agreement is entered into by and between Dominion Retail, Inc.("Providing Company"), a Delaware corporation and Dominion Energy Direct Sales, Inc. ("Receiving Company"), a Virginia corporation. Receiving Company has requested that Providing Company provide it with certain services which it may from time to time require in the conduct of its business. Providing Company has agreed to provide such services to Receiving Company, upon the terms and conditions hereinafter provided.
Accordingly, in consideration of the mutual promises herein contained, Providing Company and Receiving Company agree as follows:
The cost of rendering such services shall include: (1) a portion of the salaries and wages of employees of Providing Company determined according to the time devoted by such employees to the performance of services hereunder for Receiving Company; (2) the costs of such employees' benefits, payroll taxes and compensated absences attributable to salaries and wages directly billed, as determined in accordance with Providing Company policies and procedures in place from time to time, (3) all other out-of-pocket operating costs, including expenses for transportation, tolls and other expenses incurred by Providing Company or its employees in connection with the performance of services under this Agreement , (4) the actual costs of materials and supplies furnished by Providing Company in connection with the performance of services under this Agreement, and (5) administrative and general costs attributable to services performed under this Agreement (including reasonable amounts for general office maintenance and depreciation, amortization, return and related taxes on Providing Company's general plant investment), determined in accordance with Providing Company's policies and procedures.
If you approve of this proposal, please indicate your acceptance by executing both copies hereof in the space provided and return one (1) fully executed copy to Providing Company.
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Respectfully submitted, |
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By: /s/ G. Scott Hetzer |
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G. Scott Hetzer |
Accepted and Agreed to: Dominion Energy Direct Sales, Inc. |
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By: /s/ Lee D. Katz |
Lee D. Katz |
Exhibit G
CERTIFICATE
The undersigned certifies that she is the duly designated and acting attorney of Dominion Resources, Inc., a Virginia corporation ("DRI") and that:
DRI's Quarterly Report on Form U-9C-3 filed pursuant to Rule 58 for the quarter ended September 30, 2002 was filed with each state commission having jurisdiction over the retail rates of the public utility companies that are associate companies of any of the reporting companies.
The names and addresses of such state utility commissions are:
Utilities Department |
Public Utility Commission of Ohio |
180 Broad Street |
Columbus, OH 43266-0573 |
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Executive Secretary |
West Virginia Public Service Commission |
201 Brooks Street |
Charleston, WV 25301 |
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Secretary |
Pennsylvania Public Utility Commission |
North Office Building |
Commonwealth Avenue and North Street |
Harrisburg, PA 17101 |
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General Counsel |
Virginia State Corporation Commission |
1300 East Main Street |
10th Floor |
Richmond, VA 23219 |
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Chief Clerk |
North Carolina Utilities Commission |
4325 Mail Service Center |
Raleigh, North Carolina 27699-4325 |
IN WITNESS WHEREOF, I have hereunto set my hand as of the 26th day of November, 2002.
/s/ Sharon L. Burr |
Sharon L. Burr |
Attorney for |
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