Exhibit 99.1
CASE NAME: Mirant Mid-Atlantic, LLC |
| Monthly Operating Report |
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CASE NUMBER: 03-46593-DML |
| ACCRUAL BASIS |
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JUDGE: D. Michael Lynn |
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UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
6TH DIVISION
MONTHLY OPERATING REPORT
MONTH ENDING: October 31, 2005
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY: |
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/s/ Dan Streek |
| Vice President |
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ORIGINAL SIGNATURE OF RESPONSIBLE PARTY |
| TITLE |
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Dan Streek |
| December 14, 2005 |
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PRINTED NAME OF RESPONSIBLE PARTY |
| DATE |
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PREPARER: |
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/s/ Gene Stroshane |
| Controller - Mid-Atlantic |
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ORIGINAL SIGNATURE OF PREPARER |
| TITLE |
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Gene Stroshane |
| December 14, 2005 |
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PRINTED NAME OF PREPARER |
| DATE |
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1
CASE NAME: Mirant Mid-Atlantic, LLC |
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CASE NUMBER: 03-46593-DML |
CONSOLIDATED BALANCE SHEET(1)
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| SCHEDULE |
| MONTH |
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| AMOUNT |
| October 2005 |
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ASSETS |
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1. |
| CASH AND CASH EQUIVALENTS |
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| $ | 191,078,954 |
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2. |
| ACCOUNTS RECEIVABLE (NET) |
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| $ | 274,293,788 |
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3. |
| ASSETS FROM RISK MGMT ACTIVITIES |
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| $ | — |
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4. |
| DERIVATIVE HEDGING INSTRUMENTS, S/T |
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| $ | — |
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5. |
| INVENTORIES |
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| $ | 112,675,863 |
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6. |
| OTHER |
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| $ | 165,899,244 |
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7. |
| TOTAL CURRENT ASSETS |
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| $ | 743,947,849 |
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8. |
| PROPERTY, PLANT & EQUIPMENT |
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| $ | 1,160,503,702 |
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9. |
| LESS: ACCUMULATED DEPRECIATION / DEPLETION |
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| $ | 191,354,400 |
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10. |
| LEASEHOLD INTERESTS (NET) |
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| $ | — |
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11. |
| CONSTRUCTION WORK IN PROGRESS |
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| $ | 67,286,459 |
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12. |
| INVESTMENT IN SUSPENDED CONSTRUCTION |
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| $ | — |
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13. |
| TOTAL NET PROPERTY, PLANT & EQUIPMENT |
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| $ | 1,036,435,761 |
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14. |
| INVESTMENTS |
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| $ | — |
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15. |
| L/T ACCOUNTS RECEIVABLE (NET) |
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| $ | 728,497 |
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16. |
| NOTES RECEIVABLE (NET) |
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| $ | 223,275,000 |
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17. |
| ASSETS FROM RISK MGMT ACTIVITIES |
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| $ | 11,163,212 |
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18. |
| GOODWILL (NET) |
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| $ | 799,113,000 |
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19. |
| OTHER INTANGIBLES (NET) |
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| $ | 162,189,306 |
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20. |
| DERIVATIVE HEDGING INSTRUMENTS, L/T |
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| $ | — |
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21. |
| RESTRICTED CASH, NONCURRENT |
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| $ | — |
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22. |
| OTHER LONG-TERM ASSETS |
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| $ | — |
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23. |
| MISCELLANEOUS DEFERRED CHARGES |
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| $ | 181,925,209 |
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24. |
| TOTAL NONCURRENT ASSETS |
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| $ | 1,378,394,224 |
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25. |
| TOTAL ASSETS |
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| $ | 3,158,777,834 |
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POSTPETITION LIABILITIES |
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26. |
| DEBT |
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| $ | — |
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27. |
| ACCOUNTS PAYABLE(3) |
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| $ | 52,054,266 |
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28. |
| LIABILITIES FROM RISK MGMT ACTIVITIES(4) |
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| $ | 273,616,615 |
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29. |
| OBLIGATIONS UNDER ENERGY DELIVERY COMMITMENTS |
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| $ | — |
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30. |
| DERIVATIVE HEDGING INSTRUMENTS |
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| $ | — |
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31. |
| OTHER |
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| $ | 9,054,058 |
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32. |
| MISCELLANEOUS DEFERRED CREDITS |
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| $ | — |
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33. |
| TOTAL POSTPETITION LIABILITIES |
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| $ | 334,724,939 |
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PREPETITION LIABILITIES |
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34. |
| TOTAL PREPETITION LIABILITIES(2) |
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| $ | 127,499,436 |
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35. |
| TOTAL LIABILITIES |
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| $ | 462,224,375 |
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EQUITY |
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36. |
| MINORITY INTEREST IN SUBSIDIARIES |
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| $ | — |
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37. |
| MANDATORILY REDEEMABLE SECURITIES |
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| $ | — |
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38. |
| COMMON STOCK |
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| $ | — |
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39. |
| ADDITIONAL PAID-IN CAPITAL |
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| $ | 3,209,986,509 |
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40. |
| RETAINED EARNINGS |
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| $ | (513,433,050 | ) |
41. |
| TREASURY STOCK, AT COST |
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| $ | — |
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42. |
| ACCUMULATED OTHER COMPREHENSIVE INCOME |
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| $ | — |
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43. |
| TOTAL EQUITY |
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| $ | 2,696,553,459 |
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44. |
| TOTAL LIABILITIES & OWNERS’ EQUITY |
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| $ | 3,158,777,834 |
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(1) |
| Includes all subsidiaries of the Debtor |
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(2) |
| This balance includes the following intercompany amounts |
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| Mirant Corporation |
| 61,286,920 |
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| Mirant Americas Energy Marketing, LP |
| 10,910,502 |
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| Mirant Americas Inc. |
| 355,845 |
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| Mirant Peaker |
| 15,080,924 |
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| Mirant Potomac River |
| 14,006,623 |
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| Mirant Services |
| 8,426,822 |
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(3) |
| This balance includes the following intercompany amounts |
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| Mirant Peaker |
| 137,629 |
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| Mirant Potomac River |
| 1,434,079 |
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| Mirant Canal |
| 280,000 |
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| Mirant Zeeland |
| 3,456 |
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| Mirant Sugar Creek |
| 2,441 |
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| Mirant Americas Energy Marketing, LP |
| 931,986 |
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| Mirant Services |
| 39,191,426 |
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| Mirant Americas Generation |
| 2,922,554 |
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(4) |
| This balance includes the following intercompany amounts |
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| Mirant Americas Energy Marketing, LP |
| 273,616,615 |
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2
CASE NAME: Mirant Mid-Atlantic, LLC |
|
CASE NUMBER: 03-46593-DML |
CONSOLIDATED INCOME STATEMENT(1)
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| MONTH |
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REVENUES(2) |
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1. |
| GENERATION |
| $ | 141,629,103 |
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2. |
| NET TRADING REVENUE |
| $ | — |
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3. |
| DISTRIBUTION |
| $ | — |
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4. |
| OTHER |
| $ | 11,201 |
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5. |
| NET REVENUE |
| $ | 141,640,304 |
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OPERATING EXPENSES |
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6. |
| ENERGY COST |
| $ | 54,885,010 |
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7. |
| OPERATIONS & MAINTENANCE |
| $ | 25,200,926 |
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8. |
| DEPRECIATION & AMORTIZATION |
| $ | 4,010,722 |
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9. |
| GAIN ON SALE OF PROPERTY & INVESTMENTS |
| $ | — |
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13. |
| IMPAIRMENT LOSS |
| $ | — |
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14. |
| RESTRUCTURING COSTS |
| $ | 73,398 |
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15. |
| TOTAL OPERATING EXPENSES |
| $ | 84,170,056 |
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16. |
| INCOME BEFORE NON-OPERATING INCOME & EXPENSE |
| $ | 57,470,248 |
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OTHER INCOME & EXPENSES |
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17. |
| INTEREST INCOME |
| $ | — |
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18. |
| INTEREST EXPENSE |
| $ | (1,514,435 | ) |
19. |
| EQUITY IN INCOME OF AFFILIATES |
| $ | — |
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20. |
| OTHER |
| $ | 12,000 |
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21. |
| REORGANIZATION ITEMS |
| $ | 2,594,784 |
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22. |
| MINORITY INTEREST |
| $ | — |
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23. |
| NET INCOME FROM DISCONTINUED OPERATIONS |
| $ | — |
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24. |
| TOTAL OTHER INCOME/(EXPENSE) |
| $ | 1,092,349 |
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25. |
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26. |
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27. |
| PROVISION FOR INCOME TAX |
| $ | — |
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28. |
| NET PROFIT (LOSS) |
| $ | 58,562,597 |
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(1) |
| Includes all subsidiaries of the Debtor |
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(2) |
| Gross margin is calculated as Net Revenue less Energy Cost. Gross Margin detail is as follows: |
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| October 2005 |
| |
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| Unrealized gains (losses) |
| 61,708,967 |
| |
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| Realized gross margin |
| 25,046,327 |
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| Total Gross Margin |
| $ | 86,755,294 |
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3
CASE NAME: Mirant Mid-Atlantic, LLC |
| Monthly Operating Report |
|
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|
CASE NUMBER: 03-46593-DML |
| ACCRUAL BASIS-3 |
UNCONSOLIDATED
CASH RECEIPTS AND |
| MONTH |
| MONTH |
| MONTH |
| QUARTER |
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1. |
| CASH - BEGINNING OF MONTH |
| $ 93,387,804 |
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| $93,387,804 |
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RECEIPTS FROM OPERATIONS |
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2. |
| CASH SALES |
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COLLECTION OF ACCOUNTS RECEIVABLE |
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3. |
| PREPETITION |
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4. |
| POSTPETITION |
| $77,846 |
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| $77,846 |
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5. |
| TOTAL OPERATING RECEIPTS |
| $77,846 |
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| $77,846 |
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| NON - OPERATING RECEIPTS |
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6. |
| LOANS & ADVANCES (ATTACH LIST) |
| $100,976,729 |
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| $100,976,729 |
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7. |
| INTEREST |
| $487,552 |
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| $487,552 |
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8. |
| OTHER (ATTACH LIST) |
| $7,409 |
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| $7,409 |
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9. |
| TOTAL NON-OPERATING RECEIPTS |
| $101,471,690 |
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| $101,471,690 |
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10. |
| TOTAL RECEIPTS |
| $101,549,536 |
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| $101,549,536 |
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11. |
| TOTAL CASH AVAILABLE |
| $194,937,340 |
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| $194,937,340 |
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OPERATING DISBURSEMENTS |
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12. |
| COLLATERAL DEPOSITS |
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13. |
| CONSTRUCTION WIP |
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14. |
| DEBT EXPENSE |
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15. |
| EMPLOYEE RELATED |
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16. |
| INSURANCE |
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17. |
| OPERATING AND MAINTENANCE |
| $3,343,098 |
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|
| $3,343,098 |
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18. |
| OUTSIDE SERVICES EMPLOYED |
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19. |
| STEAM POWER EXPENSES |
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20. |
| TAXES |
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21. |
| TRADING EXPENSE |
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22. |
| LEASE RENT PAYMENT |
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23. |
| LEASE PREPAID |
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24. |
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25. |
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26. |
| TOTAL OPERATING DISBURSEMENTS |
| $3,343,098 |
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| $3,343,098 |
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REORGANIZATION EXPENSES |
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27. |
| PROFESSIONAL FEES |
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28. |
| U.S. TRUSTEE FEES |
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29. |
| OTHER (ATTACH LIST) |
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30. |
| TOTAL REORGANIZATION EXPENSES |
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31. |
| TOTAL DISBURSEMENTS |
| $3,343,098 |
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| $3,343,098 |
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32. |
| NET CASH FLOW |
| $98,206,438 |
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| $98,206,438 |
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33. |
| CASH - END OF MONTH |
| $191,594,242 |
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| $191,594,242 |
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6. |
| Loans and advances |
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| MAEM payments (to) / from |
| $ | 122,962,027 |
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| Payments (to) / from other Mirant affiliates |
| $ | 1,058 |
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| Payment (to) Mirant Services |
| $ | (5,887,028 | ) |
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| Payment (to) MAGI |
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| Payment (to) / from Mid-Atlantic Interco. |
| $ | (38,417,358 | ) |
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| Interest Receivable from I/C |
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| Cash sweeps: |
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| Mirant Chalk Point LLC |
| $ | 22,227,200 |
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| Mirant DC O&M LLC |
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| Mirant Piney Point LLC |
| $ | 213,406 |
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| Mirant MD Ash Management LLC |
| $ | (122,576 | ) |
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| |
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| Total to Line 6 |
| $ | 100,976,729 |
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8. |
| Other |
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| |
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| Refunds and misc receipts |
| $ | 7,188 |
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| Adjustments and writeoffs |
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| |
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| Voided Checks (from previous period) |
| $ | 221 |
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| Total to Line 8 |
| $ | 7,409 |
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4
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| Monthly Operating Report |
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CASE NAME: |
| Mirant Mid-Atlantic, LLC. |
| ACCRUAL BASIS-4 |
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CASE NUMBER: |
| 03-46593-DML |
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| SCHEDULE |
| MONTH |
| MONTH |
| MONTH |
| ||
ACCOUNTS RECEIVABLE AGING - Third Party |
| AMOUNT |
| October 2005 |
| November 2005 |
| December 2005 |
| ||
1. |
| 0-30 |
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| 8,453 |
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2. |
| 31-60 |
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3. |
| 61-90 |
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4. |
| 91+ |
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| 2,800,834 |
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5. |
| TOTAL ACCOUNTS RECEIVABLE |
|
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| 2,809,287 |
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6. |
| AMOUNT CONSIDERED UNCOLLECTIBLE |
|
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| 1,206,000 |
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7. |
| ACCOUNTS RECEIVABLE (NET) |
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| 1,603,287 |
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| SCHEDULE |
| MONTH |
| MONTH |
| MONTH |
|
ACCOUNTS RECEIVABLE AGING - Affiliate |
| AMOUNT |
| October 2005 |
| November 2005 |
| December 2005 |
| ||
1. |
| 0-30 |
|
|
| 14,956,514 |
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2. |
| 31-60 |
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3. |
| 61-90 |
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4. |
| 91+ |
|
|
| 38,331,084 |
|
|
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|
5. |
| TOTAL ACCOUNTS RECEIVABLE |
|
|
| 53,287,598 |
| — |
| — |
|
6. |
| AMOUNT CONSIDERED UNCOLLECTIBLE |
|
|
|
|
|
|
|
|
|
7. |
| ACCOUNTS RECEIVABLE (NET) |
|
|
| 53,287,598 |
| — |
| — |
|
AGING OF POSTPETITION TAXES AND PAYABLES |
|
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| MONTH: |
| October 2005 |
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| 0-30 |
| 31-60 |
| 61-90 |
| 91+ |
|
|
|
TAXES PAYABLE |
| DAYS |
| DAYS |
| DAYS |
| DAYS |
| TOTAL |
| ||
1. |
| FEDERAL |
|
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2. |
| STATE |
|
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| �� |
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3. |
| LOCAL |
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4. |
| OTHER (ATTACH LIST) |
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5. |
| TOTAL TAXES PAYABLE |
|
|
|
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6. |
| ACCOUNTS PAYABLE |
|
|
|
|
|
|
|
|
| 63,746,774 |
|
See Monthly Operating Report for Mirant Services, LLC |
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STATUS OF POSTPETITION TAXES |
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| MONTH: |
| October 2005 |
| ||||
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| BEGINNING |
| AMOUNT |
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| ENDING |
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| TAX |
| WITHHELD AND/ |
| AMOUNT |
| TAX |
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| LIABILITY* |
| 0R ACCRUED |
| PAID |
| LIABILITY |
| ||
FEDERAL |
|
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1. |
| WITHHOLDING** |
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2. |
| FICA-EMPLOYEE** |
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3. |
| FICA-EMPLOYER** |
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4. |
| UNEMPLOYMENT |
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5. |
| INCOME |
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6. |
| OTHER (ATTACH LIST) |
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7. |
| TOTAL FEDERAL TAXES |
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|
STATE AND LOCAL |
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8. |
| WITHHOLDING |
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9. |
| SALES |
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|
|
|
|
|
|
|
10. |
| EXCISE |
|
|
|
|
|
|
|
|
|
11. |
| UNEMPLOYMENT |
|
|
|
|
|
|
|
|
|
12. |
| REAL PROPERTY |
|
|
|
|
|
|
|
|
|
13. |
| PERSONAL PROPERTY |
|
|
|
|
|
|
|
|
|
14. |
| OTHER (ATTACH LIST) |
|
|
|
|
|
|
|
|
|
15. |
| TOTAL STATE & LOCAL |
|
|
|
|
|
|
|
|
|
16. |
| TOTAL TAXES |
|
|
|
|
|
|
|
|
|
See Monthly Operating Report for Mirant Services, LLC |
|
|
|
|
|
|
| ||||
* |
| The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. |
** |
| Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. |
5
|
| Monthly Operating Report |
|
|
|
CASE NAME: Mirant Mid-Atlantic, LLC |
| ACCRUAL BASIS-5 |
|
|
|
CASE NUMBER: 03-46593-DML |
| 02/13/95, RWD, 2/96 |
|
|
|
The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. |
|
|
BANK RECONCILIATIONS |
|
|
| MONTH: |
| October 2005 |
|
|
|
|
| Account #1 |
| Account #2 |
| Account #3 |
| TOTAL |
|
A. |
| BANK: |
| Bank of America, N.A. |
| Bank of America, N.A. |
|
|
|
|
|
B. |
| ACCOUNT NUMBER: |
| 375-173-8754 |
| 329-900-0275 |
|
|
|
|
|
|
|
|
| Customer Connection |
| Controlled Disbursement |
|
|
|
|
| |||
C. |
| PURPOSE (TYPE): |
|
|
|
|
|
|
|
|
| |||
1. |
| BALANCE PER BANK STATEMENT |
| $ | 284,622 |
| $ | 254,744 |
|
|
| $ | 539,366 |
|
2. |
| ADD: TOTAL DEPOSITS NOT CREDITED |
|
|
|
|
|
|
| $ | — |
| ||
3. |
| SUBTRACT: OUTSTANDING CHECKS |
|
|
| $ | (790,415 | ) |
|
| $ | (790,415 | ) | |
4. |
| OTHER RECONCILING ITEMS |
|
|
| $ | 1,768 |
|
|
| $ | 1,768 |
| |
5. |
| MONTH END BALANCE PER BOOKS |
|
|
|
|
|
|
| $ | (249,281 | ) | ||
6. |
| NUMBER OF LAST CHECK WRITTEN |
|
|
| # 7004167 |
|
|
|
|
| |||
INVESTMENT ACCOUNTS |
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
| DATE OF |
| TYPE OF |
| PURCHASE |
| CURRENT |
| ||
BANK, ACCOUNT NAME & NUMBER |
| PURCHASE |
| INSTRUMENT |
| PRICE |
| VALUE |
| ||||
7. |
| Federated - Account 4551620 |
|
|
|
|
|
|
| $ | 150,169,381 |
| |
8. |
| Nations Funds - Account 5007837957 |
|
|
|
|
|
|
| $ | 41,670,042 |
| |
9. |
|
|
|
|
|
|
|
|
|
|
| ||
10. |
|
|
|
|
|
|
|
|
|
|
| ||
11. |
| TOTAL INVESTMENTS |
|
|
|
|
| $ | — |
| $ | 191,839,423 |
|
CASH |
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| |
12. |
| CURRENCY ON HAND |
|
|
|
|
|
|
| $ | 4,100 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
13. |
| TOTAL CASH - END OF MONTH |
|
|
|
|
|
|
| $ | 191,594,242 |
|
6
CASE NAME: Mirant Mid-Atlantic, LLC |
| Monthly Operating Report |
|
| ACCRUAL BASIS-6 |
CASE NUMBER: 03-46593-DML | �� | MONTH: October 2005 |
PAYMENTS TO INSIDERS AND PROFESSIONALS
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSIDERS
|
|
|
| TYPE OF |
| AMOUNT |
| TOTAL PAID |
| ||
NAME |
| PAYMENT |
| PAID |
| TO DATE |
| ||||
1. |
|
|
|
|
|
|
|
|
| ||
2. |
|
|
|
|
|
|
|
|
| ||
3. |
|
|
|
|
|
|
|
|
| ||
4. |
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
5. |
|
|
|
|
|
|
|
|
| ||
6. |
| TOTAL PAYMENTS TO INSIDERS |
|
|
| $ | 0 |
| $ | 0 |
|
There were no payments made by this Debtor to insiders.
PROFESSIONALS
|
|
|
| DATE OF |
|
|
|
|
|
|
| TOTAL |
| ||||
|
|
|
| COURT |
| AMOUNT |
| AMOUNT |
| TOTAL PAID |
| INCURRED |
| ||||
NAME |
| ORDER |
| APPROVED |
| PAID |
| TO DATE |
| & UNPAID * |
| ||||||
1. |
|
|
|
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|
|
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|
|
|
| ||||
2. |
|
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| ||||
3. |
|
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| ||||
4. |
|
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|
| ||||
5. |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
6. |
| TOTAL PAYMENTS |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| $ | 0 |
| ||
See Monthly Operating Report for Mirant Services, LLC |
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND
ADEQUATE PROTECTION PAYMENTS
|
|
|
| SCHEDULED |
| AMOUNTS |
|
|
| |||
|
|
|
| MONTHLY |
| PAID |
| TOTAL |
| |||
|
|
|
| PAYMENTS |
| DURING |
| UNPAID |
| |||
NAME OF CREDITOR |
| DUE |
| MONTH |
| POSTPETITION |
| |||||
1. |
|
|
|
|
|
|
|
|
| |||
2. |
|
|
|
|
|
|
|
|
| |||
3. |
|
|
|
|
|
|
|
|
| |||
4. |
|
|
|
|
|
|
|
|
| |||
5. |
|
|
|
|
|
|
|
|
| |||
6. |
| TOTAL |
| $ | 0 |
| $ | 0 |
| $ | 0 |
|
See Monthly Operating Report for Mirant Services, LLC
7
CASE NAME: |
| Mirant Mid-Atlantic, LLC |
| Monthly Operating Report |
|
|
|
| ACCRUAL BASIS-7 |
CASE NUMBER: |
| 03-46593-DML |
| MONTH: October 2005 |
QUESTIONNAIRE
|
|
|
| YES |
| NO |
|
1. |
| HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? |
|
|
| X |
|
2. |
| HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? |
|
|
| X |
|
3. |
| ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) PAST DUE FROM RELATED PARTIES? |
| X |
|
|
|
4. |
| HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? |
|
|
| X |
|
5. |
| HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? |
| X |
|
|
|
6. |
| ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? |
|
|
| X |
|
7. |
| ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? |
|
|
| X |
|
8. |
| ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? |
|
|
| X |
|
9. |
| ARE ANY OTHER POSTPETITION TAXES PAST DUE? |
|
|
| X |
|
10. |
| ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? |
|
|
| X |
|
11. |
| HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? |
| X |
|
|
|
12. |
| ARE ANY WAGE PAYMENTS PAST DUE? |
|
|
| X |
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
3 |
| Postpetition receivables from affiliates not exceeding $11k were past due at October 31, 2005 |
5 |
| As a result of cash sweep arrangements with subsidiaries |
11 |
| Per court ordered settlement, $16,239,730 in pre-petition property tax and interest was paid in October 2005 |
INSURANCE
|
|
|
| YES |
| NO |
|
1. |
| ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? |
| X |
|
|
|
2. |
| ARE ALL PREMIUM PAYMENTS PAID CURRENT? |
| X |
|
|
|
3. |
| PLEASE ITEMIZE POLICIES BELOW. |
|
|
|
|
|
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “NO,” OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
See Monthly Operating Report for Mirant Services, LLC for insurance information. |
|
INSTALLMENT PAYMENTS
TYPE OF |
| CARRIER |
| PERIOD COVERED |
| PAYMENT AMOUNT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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8