CASE NAME: In re Entergy New Orleans, Inc. | ||||||
CASE NUMBER: 05-17697 | ||||||
COMPARATIVE BALANCE SHEET | ||||||
ASSETS | ||||||
(Unaudited)(in thousands)(assets at book value) | ||||||
(prepared for bankruptcy case under U.S. Trustee guidelines) | ||||||
Sept. 23, 2005 | Sept. 30, 2005 | Oct. 31, 2005 | ||||
CURRENT ASSETS | ||||||
Cash and cash equivalents: | ||||||
Cash | $15,555 | $46,686 | $32,789 | |||
Temporary cash investments - at cost, | ||||||
which approximates market | - | - | - | |||
Total cash and cash equivalents | 15,555 | 46,686 | 32,789 | |||
Accounts receivable: | ||||||
Customer | 69,971 | 74,165 | 108,501 | |||
Allowance for doubtful accounts | (3,721) | (3,721) | (18,621) | |||
Associated companies | 4,305 | 6,864 | 14,651 | |||
Other | 7,683 | 7,683 | 2,823 | |||
Accrued unbilled revenues | 48,626 | 48,626 | 13,152 | |||
Total accounts receivable | 126,864 | 133,617 | 120,506 | |||
Deferred fuel costs | 41,257 | 41,257 | 25,503 | |||
Fuel inventory - at average cost | 6,496 | 6,997 | 7,966 | |||
Materials and supplies - at average cost | 9,322 | 9,322 | 9,790 | |||
Prepayments and other | 20,752 | 21,249 | 35,259 | |||
TOTAL | 220,246 | 259,128 | 231,813 | |||
OTHER PROPERTY AND INVESTMENTS | ||||||
Investment in affiliates - at equity | 3,259 | 3,259 | 3,259 | |||
Non-utility property at cost (less accumulated depreciation) | 1,107 | 1,107 | 1,107 | |||
TOTAL | 4,366 | 4,366 | 4,366 | |||
UTILITY PLANT | ||||||
Electric | 696,538 | 696,538 | 689,214 | |||
Natural gas | 195,779 | 195,779 | 188,952 | |||
Construction work in progress | 207,754 | 207,754 | 205,134 | |||
TOTAL UTILITY PLANT | 1,100,071 | 1,100,071 | 1,083,300 | |||
Less - accumulated depreciation and amortization | 433,711 | 434,471 | 424,544 | |||
UTILITY PLANT - NET | 666,360 | 665,600 | 658,756 | |||
DEFERRED DEBITS AND OTHER ASSETS | ||||||
Regulatory assets: | ||||||
Other regulatory assets | 120,692 | 120,692 | 135,354 | |||
Long term receivables | 1,812 | 1,812 | 1,812 | |||
Other | 20,621 | 20,621 | 20,892 | |||
TOTAL | 143,125 | 143,125 | 158,058 | |||
TOTAL ASSETS | $1,034,097 | $1,072,219 | $1,052,993 | |||
COMPARATIVE BALANCE SHEET | ||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||
(Unaudited)(in thousands) | ||||||
(prepared for bankruptcy case under U.S. Trustee guidelines) | ||||||
Sept. 23, 2005 | Sept. 30, 2005 | Oct. 31, 2005 | ||||
POST-PETITION LIABILITIES | ||||||
Taxes payable (Form 2-E, pg. 1 of 3) | $ - | $ 471 | $ 4,238 | |||
Accounts payable (Form 2-E, pg. 1 of 3) | - | 6,363 | 41,594 | |||
DIP credit facility | - | 60,000 | 60,000 | |||
TOTAL | - | 66,834 | 105,832 | |||
CURRENT LIABILITIES | ||||||
Currently maturing long-term debt | $ - | $ - | $ - | |||
Notes payable | 15,000 | 15,000 | 15,000 | |||
Accounts payable: | ||||||
Associated companies | 72,120 | 66,954 | 52,287 | |||
Other | 306,795 | 284,144 | 263,147 | |||
Customer deposits | 18,379 | 18,379 | 18,200 | |||
Taxes accrued | - | - | - | |||
Accumulated deferred income taxes | 14,128 | 14,128 | 8,049 | |||
Interest accrued | 2,560 | 2,560 | 3,733 | |||
Energy Efficiency Program provision | 6,871 | 6,871 | 6,904 | |||
Other | 1,889 | 1,418 | 115 | |||
TOTAL | 437,742 | 409,454 | 367,435 | |||
NON-CURRENT LIABILITIES | ||||||
Accumulated deferred income taxes and taxes accrued | 77,699 | 77,699 | 85,306 | |||
Accumulated deferred investment tax credits | 3,676 | 3,676 | 3,641 | |||
SFAS 109 regulatory liability - net | 45,128 | 45,128 | 45,128 | |||
Other regulatory liabilities | 12,253 | 12,253 | 14,915 | |||
Accumulated provisions | 7,856 | 7,856 | 7,890 | |||
Pension liability | 26,151 | 26,151 | 26,681 | |||
Long-term debt | 229,855 | 229,855 | 229,856 | |||
Other | 4,326 | 4,326 | 4,965 | |||
TOTAL | 406,944 | 406,944 | 418,382 | |||
TOTAL LIABILITIES | 844,686 | 883,232 | 891,649 | |||
Commitments and Contingencies | ||||||
SHAREHOLDERS' EQUITY | ||||||
Preferred stock without sinking fund | 19,780 | 19,780 | 19,780 | |||
Common stock, $4 par value, authorized 10,000,000 | ||||||
shares; issued and outstanding 8,435,900 shares in 2005 | ||||||
and 2004 | 33,744 | 33,744 | 33,744 | |||
Paid-in capital | 36,294 | 36,294 | 36,294 | |||
Retained earnings - pre-petition | 99,593 | 99,593 | 99,593 | |||
Retained earnings - post-petition | - | (424) | (28,067) | |||
TOTAL | 189,411 | 188,987 | 161,344 | |||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $1,034,097 | $1,072,219 | $1,052,993 | |||
CASE NAME: In re Entergy New Orleans, Inc. | ||||
CASE NUMBER: 05-17697 | ||||
STATEMENT OF OPERATIONS | ||||
(Unaudited)(in thousands) | ||||
(prepared for bankruptcy case under U.S. Trustee guidelines) | ||||
Sept. 23-30, | October | |||
2005 | 2005 | |||
OPERATING REVENUES | ||||
Domestic electric | $6,029 | $10,064 | ||
Natural gas | 724 | 7,718 | ||
TOTAL | 6,753 | 17,782 | ||
OPERATING EXPENSES | ||||
Operation and Maintenance: | ||||
Fuel, fuel-related expenses, and | ||||
gas purchased for resale | 378 | 19,111 | ||
Purchased power | 4,547 | 29,009 | ||
Other operation and maintenance | 1,335 | 4,313 | ||
Taxes other than income taxes | 471 | 2,428 | ||
Depreciation and amortization | 760 | 2,751 | ||
Other regulatory charges (credits) - net | 19 | 408 | ||
TOTAL | 7,510 | 58,020 | ||
OPERATING INCOME | (757) | (40,238) | ||
OTHER INCOME | ||||
Allowance for equity funds used during construction | 25 | 92 | ||
Interest and dividend income | 69 | 173 | ||
Miscellaneous - net | (11) | (3,289) | ||
TOTAL | 83 | (3,024) | ||
INTEREST AND OTHER CHARGES | ||||
Interest on long-term debt | 287 | 1,078 | ||
Other interest - net | 80 | 547 | ||
Allowance for borrowed funds used during construction | (19) | (76) | ||
TOTAL | 348 | 1,549 | ||
LOSS BEFORE INCOME TAXES | (1,022) | (44,811) | ||
Income taxes | (598) | (17,168) | ||
NET LOSS | (424) | (27,643) | ||
Preferred dividend requirements and other | - | - | ||
LOSS APPLICABLE TO | ||||
COMMON STOCK | ($424) | ($27,643) | ||
CASE NAME: In re Entergy New Orleans, Inc. CASE NUMBER: 05-17697
CASH RECEIPTS AND DISBURSEMENTS STATEMENT
For Period October 1 to October 31, 2005
CASH RECONCILIATION
1. Beginning Cash Balance (Ending Cash Balance
from last month's report $ 46,685,605.48
2. Cash Receipts (total Cash Receipts from page 2
of all FORM 2-Ds) $ 24,454,018.91
3. Cash Disbursements (total Cash Disbursements
from page 3 of all FORM 2-Ds) $ (38,351,109.61)
4. Net Cash Flow $ (13,897,090.70)
5. Ending Cash Balance (to FORM 2-B) $ 32,788,514.78
CASH SUMMARY - ENDING BALANCE
1. ENOI-General Fund-DIP | $ 15,955,468.83 | Hibernia National Bank | |
2. ENOI-RPC* | $ 14,803,437.94 | Hibernia National Bank | |
3. ENOI-Deposit Refund* | $ 0.00 | Hibernia National Bank | |
4. ENOI-APS | $ 254,759.46 | Hibernia National Bank | |
5. ENOI-SERI Refund* | $ 0.00 | Hibernia National Bank | |
6. ENOI-Deposit Refund* | $ 0.00 | JPMorgan Chase/Bank One | |
7. ENOI-EDI | $ 1,566,997.51 | JPMorgan Chase/Bank One | |
8. ENOI-Investment Acct | $ 103,006.04 | Dryades | |
9. ENOI-CD* | $ 100,000.00 | Liberty Bank | |
10. NOPSI-Orig Name* | $ 910.00 | Hibernia National Bank | |
11. Working Fund* | $ 3,935.00 | N/A | |
TOTAL | $ 32,788,514.78 |
* - (no cash activity during reporting period)
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ADJUSTED CASH DISBURSEMENTS
Cash disbursements on Line 3 above less inter-account transfers & UST fees paid $ 38,351,109.61