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 | Nov. 30, 2005 | Dec. 31, 2005 | ||||||
CURRENT ASSETS | ||||||||||
Cash and cash equivalents: | ||||||||||
Cash | $15,555 | $46,686 | $32,789 | $62,743 | $47,981 | |||||
Temporary cash investments - at cost, | ||||||||||
which approximates market | - | - | - | - | - | |||||
Total cash and cash equivalents | 15,555 | 46,686 | 32,789 | 62,743 | 47,981 | |||||
Accounts receivable: | ||||||||||
Customer | 69,971 | 74,165 | 108,501 | 86,835 | 90,996 | |||||
Allowance for doubtful accounts | (3,721) | (3,721) | (18,621) | (18,621) | (25,422) | |||||
Associated companies | 4,305 | 6,864 | 14,651 | 28,841 | 17,895 | |||||
Other | 7,683 | 7,683 | 2,823 | 6,440 | 6,530 | |||||
Accrued unbilled revenues | 48,626 | 48,626 | 13,152 | 13,413 | 23,698 | |||||
Total accounts receivable | 126,864 | 133,617 | 120,506 | 116,908 | 113,697 | |||||
Deferred fuel costs | 41,257 | 41,257 | 25,503 | 26,805 | 30,593 | |||||
Fuel inventory - at average cost | 6,496 | 6,997 | 7,966 | 8,003 | 8,048 | |||||
Materials and supplies - at average cost | 9,322 | 9,322 | 9,790 | 10,409 | 8,961 | |||||
Prepayments and other | 20,752 | 21,249 | 35,259 | 73,215 | 8,779 | |||||
TOTAL | 220,246 | 259,128 | 231,813 | 298,083 | 218,059 | |||||
OTHER PROPERTY AND INVESTMENTS | ||||||||||
Investment in affiliates - at equity | 3,259 | 3,259 | 3,259 | 3,259 | 3,259 | |||||
Non-utility property at cost (less accumulated depreciation) | 1,107 | 1,107 | 1,107 | 1,107 | 1,107 | |||||
TOTAL | 4,366 | 4,366 | 4,366 | 4,366 | 4,366 | |||||
UTILITY PLANT | ||||||||||
Electric | 696,538 | 696,538 | 689,214 | 689,761 | 691,045 | |||||
Natural gas | 195,779 | 195,779 | 188,952 | 188,926 | 189,207 | |||||
Construction work in progress | 207,754 | 207,754 | 205,134 | 205,552 | 202,353 | |||||
TOTAL UTILITY PLANT | 1,100,071 | 1,100,071 | 1,083,300 | 1,084,239 | 1,082,605 | |||||
Less - accumulated depreciation and amortization | 433,711 | 434,471 | 424,544 | 427,135 | 428,053 | |||||
UTILITY PLANT - NET | 666,360 | 665,600 | 658,756 | 657,104 | 654,552 | |||||
DEFERRED DEBITS AND OTHER ASSETS | ||||||||||
Regulatory assets: | ||||||||||
Other regulatory assets | 120,692 | 120,692 | 135,354 | 134,158 | 166,133 | |||||
Long term receivables | 1,812 | 1,812 | 1,812 | 1,812 | 1,812 | |||||
Other | 20,621 | 20,621 | 20,892 | 21,094 | 22,322 | |||||
TOTAL | 143,125 | 143,125 | 158,058 | 157,064 | 190,267 | |||||
TOTAL ASSETS | $1,034,097 | $1,072,219 | $1,052,993 | $1,116,617 | $1,067,244 | |||||
CASE NAME: In re Entergy New Orleans, Inc. | ||||||||||
CASE NUMBER: 05-17697 | ||||||||||
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 | Nov. 30, 2005 | Dec. 31, 2005 | ||||||
POST-PETITION LIABILITIES | ||||||||||
Taxes payable (Form 2-E, pg. 1 of 3) | $ - | $ 471 | $ 4,238 | $ 5,656 | $ 6,186 | |||||
Accounts payable (Form 2-E, pg. 1 of 3) | - | 6,363 | 41,594 | 36,089 | 44,762 | |||||
DIP credit facility | - | 60,000 | 60,000 | 100,000 | 90,000 | |||||
TOTAL | - | 66,834 | 105,832 | 141,745 | 140,948 | |||||
CURRENT LIABILITIES | ||||||||||
Currently maturing long-term debt | $ - | $ - | $ - | $ - | $ - | |||||
Notes payable | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |||||
Accounts payable: | ||||||||||
Associated companies | 72,120 | 66,954 | 52,287 | 48,767 | 58,915 | |||||
Other | 306,795 | 284,144 | 263,147 | 259,174 | 252,557 | |||||
Customer deposits | 18,379 | 18,379 | 18,200 | 17,609 | 16,930 | |||||
Taxes accrued | - | - | - | - | - | |||||
Accumulated deferred income taxes | 14,128 | 14,128 | 8,049 | 8,318 | 1,898 | |||||
Interest accrued | 2,560 | 2,560 | 3,733 | 4,868 | 2,668 | |||||
Energy Efficiency Program provision | 6,871 | 6,871 | 6,904 | 6,938 | - | |||||
Other | 1,889 | 1,418 | 115 | 2,277 | 2,018 | |||||
TOTAL | 437,742 | 409,454 | 367,435 | 362,951 | 349,986 | |||||
NON-CURRENT LIABILITIES | ||||||||||
Accumulated deferred income taxes and taxes accrued | 77,699 | 77,699 | 85,306 | 115,132 | 68,617 | |||||
Accumulated deferred investment tax credits | 3,676 | 3,676 | 3,641 | 3,605 | 3,570 | |||||
SFAS 109 regulatory liability - net | 45,128 | 45,128 | 45,128 | 50,345 | 52,229 | |||||
Other regulatory liabilities | 12,253 | 12,253 | 14,915 | 8,749 | 591 | |||||
Accumulated provisions | 7,856 | 7,856 | 7,890 | 7,930 | 7,889 | |||||
Pension liability | 26,151 | 26,151 | 26,681 | 28,111 | 35,694 | |||||
Long-term debt | 229,855 | 229,855 | 229,856 | 229,858 | 229,859 | |||||
Other | 4,326 | 4,326 | 4,965 | 3,783 | 8,151 | |||||
TOTAL | 406,944 | 406,944 | 418,382 | 447,513 | 406,600 | |||||
TOTAL LIABILITIES | 844,686 | 883,232 | 891,649 | 952,209 | 897,534 | |||||
Commitments and Contingencies | ||||||||||
SHAREHOLDERS' EQUITY | ||||||||||
Preferred stock without sinking fund | 19,780 | 19,780 | 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 | 33,744 | 33,744 | |||||
Paid-in capital | 36,294 | 36,294 | 36,294 | 36,294 | 36,294 | |||||
Retained earnings - pre-petition | 99,593 | 99,593 | 99,593 | 99,593 | 99,593 | |||||
Retained earnings - post-petition | - | (424) | (28,067) | (25,003) | (19,701) | |||||
TOTAL | 189,411 | 188,987 | 161,344 | 164,408 | 169,710 | |||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $1,034,097 | $1,072,219 | $1,052,993 | $1,116,617 | $1,067,244 | |||||
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 | November | December | |||||
2005 | 2005 | 2005 | 2005 | |||||
OPERATING REVENUES | ||||||||
Domestic electric | $6,029 | $10,064 | $28,371 | $37,787 | ||||
Natural gas | 724 | 7,718 | 6,597 | 12,002 | ||||
TOTAL | 6,753 | 17,782 | 34,968 | 49,789 | ||||
OPERATING EXPENSES | ||||||||
Operation and Maintenance: | ||||||||
Fuel, fuel-related expenses, and | ||||||||
gas purchased for resale | 378 | 19,111 | 924 | 6,930 | ||||
Purchased power | 4,547 | 29,009 | 18,658 | 23,211 | ||||
Other operation and maintenance | 1,335 | 4,313 | 4,071 | 9,653 | ||||
Taxes other than income taxes | 471 | 2,428 | 4,252 | 1,989 | ||||
Depreciation and amortization | 760 | 2,751 | 2,746 | 2,699 | ||||
Other regulatory charges (credits) - net | 19 | 408 | 360 | 360 | ||||
TOTAL | 7,510 | 58,020 | 31,011 | 44,842 | ||||
OPERATING INCOME | (757) | (40,238) | 3,957 | 4,947 | ||||
OTHER INCOME | ||||||||
Allowance for equity funds used during construction | 25 | 92 | 1,070 | 1,252 | ||||
Interest and dividend income | 69 | 173 | 231 | 235 | ||||
Miscellaneous - net | (11) | (3,289) | (100) | (136) | ||||
TOTAL | 83 | (3,024) | 1,201 | 1,351 | ||||
INTEREST AND OTHER CHARGES | ||||||||
Interest on long-term debt | 287 | 1,078 | 1,078 | (2,244) | ||||
Other interest - net | 80 | 547 | 619 | 690 | ||||
Allowance for borrowed funds used during construction | (19) | (76) | (875) | (1,024) | ||||
TOTAL | 348 | 1,549 | 822 | (2,578) | ||||
INCOME (LOSS) BEFORE INCOME TAXES | (1,022) | (44,811) | 4,336 | 8,876 | ||||
Income taxes | (598) | (17,168) | 1,273 | 3,574 | ||||
NET INCOME (LOSS) | (424) | (27,643) | 3,063 | 5,302 | ||||
Preferred dividend requirements and other | - | - | - | - | ||||
INCOME (LOSS) APPLICABLE TO | ||||||||
COMMON STOCK | ($424) | ($27,643) | $3,063 | $5,302 | ||||
CASE NAME:In re Entergy New Orleans, Inc. CASE NUMBER:05-17697
CASH RECEIPTS AND DISBURSEMENTS STATEMENT
For PeriodDecember 1 toDecember 31,2005
CASH RECONCILIATION
1. Beginning Cash Balance (Ending Cash Balance
from last month's report $62,743,208.50
2. Cash Receipts (total Cash Receipts from page 2
of all FORM 2-Ds) $48,761,031.70
3. Cash Disbursements (total Cash Disbursements
from page 3 of all FORM 2-Ds) $(63,253,505.50)
4. Net Cash Flow $(1 4,492,473.80)
5. Ending Cash Balance (to FORM 2-B) $47,980,734.79
CASH SUMMARY - ENDING BALANCE
1. ENOI-General Fund-DIP $ 25,467,910.29 Hibernia National Bank
2. ENOI-RPC $ 15,057,050.00 Hibernia National Bank
3. ENOI-Deposit Refund* $ 0.00 Hibernia National Bank
4. ENOI-APS $ 205,675.74 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 $ 7,044,980.17 JPMorgan Chase/Bank One
8. ENOI-Investment Acct $ 100,273.59 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 $47,980,734.79
* - (no cash activity during reporting period)
=======================================================================================
ADJUSTED CASH DISBURSEMENTS
Cash disbursements on Line 3 above less inter-account transfers & UST fees paid $63,253,505.50