| California | 88-0085720 | |
| (State or other jurisdiction of | (I.R.S. Employer | |
| incorporation or organization) | Identification No.) | |
| 5241 Spring Mountain Road | ||
| Post Office Box 98510 | ||
| Las Vegas, Nevada | 89193-8510 | |
| (Address of principal executive offices) | (Zip Code) |
| 1. | NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF CLAIMANT AND EVERY SUBSIDIARY THEREOF, OTHER THAN ANY EXEMPT WHOLESALE GENERATOR (EWG) OR FOREIGN UTILITY COMPANY IN WHICH CLAIMANT DIRECTLY OR INDIRECTLY HOLDS AN INTEREST. |
| 2. | A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR FOR THE PRODUCTION, TRANSMISSION, AND DISTRIBUTION OF NATURAL OR MANUFACTURED GAS, INDICATING THE LOCATION OF PRINCIPAL GENERATING PLANTS, TRANSMISSION LINES, PRODUCING FIELDS, GAS MANUFACTURING PLANTS, AND ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING ALL SUCH PROPERTIES WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES WHICH DELIVER OR RECEIVE ELECTRIC ENERGY OR GAS AT THE BORDERS OF SUCH STATE. |
|
3 REDACTED Southwest’s properties consist primarily of transmission and distribution mains, compressor stations, peak shaving/storage plants, service lines, meters, and regulators which comprise the pipeline systems and facilities located in and around the communities served. These communities include most of central and southern Arizona, including the Phoenix and Tucson metropolitan areas, northern Nevada and the Las Vegas metropolitan area, and the Lake Tahoe area and the high desert and mountain areas in San Bernardino County, California. Southwest also includes other properties such as land, buildings, furnishings, work equipment, vehicles and software systems in plant investment. The northern Nevada and northern California properties of Southwest are referred to as the northern system; the Arizona, southern Nevada, and southern California properties are referred to as the southern system. Several properties are leased by Southwest, including a portion of the corporate headquarters office complex located in Las Vegas, Nevada, and the administrative offices in Phoenix, Arizona. Total gas plant, exclusive of leased property, at December 31, 2004 was approximately (Confidential Treatment, Rule 104), including construction work in progress. Southwest operates two primary pipeline transmission systems: (i) the system owned by Paiute, Southwest’s nonutility subsidiary, extending from the Idaho-Nevada border to the Reno, Sparks, and Carson City areas and communities in the Lake Tahoe area in both California and Nevada and other communities in northern Nevada; and (ii) a system extending from the Colorado River at the southern tip of Nevada to the Las Vegas distribution area. As discussed above, Black Mountain owns a propane vapor distribution system located in Page, Arizona, and properties related to its bulk propane sales. Black Mountain holds other properties appurtenant to its propane operations. |
| 3. | THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH RESPECT TO CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES: |
| a. | NUMBER OF KWH OF ELECTRIC ENERGY SOLD (AT RETAIL OR WHOLESALE) AND MCF OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL. |
|
Southwest sold (Confidential Treatment, Rule 104) Mcf of natural gas at retail and transported (Confidential Treatment, Rule 104) Mcf of natural gas. Black Mountain sold (Confidential Treatment, Rule 104)1 Mcf of propane gas at retail. 1 To calculate the number of MCF of propane sold during this period, it was assumed that there were 10.917 gallons of propane per MCF. 4 REDACTED |
| b. | NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED. |
|
Southwest sold (Confidential Treatment, Rule 104) Mcf of natural gas outside of the State in which it is organized, and transported (Confidential Treatment, Rule 104) Mcf of natural gas outside of the State in which it is organized. Black Mountain sold (Confidential Treatment, Rule 104) Mcf of propane gas outside of the State in which it is organized. |
| c. | NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR MANUFACTURED GAS SOLD AT WHOLESALE OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED, OR AT THE STATE LINE. |
|
Southwest sold (Confidential Treatment, Rule 104) Mcf of natural gas at wholesale outside the State in which it is organized. Black Mountain sold (Confidential Treatment, Rule 104) propane gas at wholesale. |
| d. | NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR MANUFACTURED GAS PURCHASED OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED OR AT THE STATE LINE. |
|
Southwest purchased (Confidential Treatment, Rule 104) Mcf of natural gas outside the State in which it is organized, or at the State line. Black Mountain purchased (Confidential Treatment, Rule 104) Mcf of propane gas outside the State in which it is organized. |
| 4. | THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES DOLLARS. |
| a. | NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR THE GENERATION, TRANSMISSION, AND DISTRIBUTION OF |
|
5 REDACTED |
| ELECTRIC ENERGY FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR MANUFACTURED GAS. |
|
Not applicable. |
| b. | NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG OR FOREIGN UTILITY COMPANY, AND DESCRIPTION OF THE INTEREST HELD. |
|
Not applicable. |
| c. | TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR INDIRECTLY, BY THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR INDIRECT GUARANTEE OF THE SECURITY OF THE EWG OR FOREIGN UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING EXEMPTION; AND ANY DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY CLAIMING EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR FOREIGN UTILITY COMPANY. |
|
Not applicable. |
| d. | CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY DURING THE REPORTING PERIOD. |
|
Not applicable. |
| e. | IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION CONTRACT(S) BETWEEN THE EWG OR FOREIGN UTILITY COMPANY AND A SYSTEM COMPANY, AND DESCRIBE THE SERVICES TO BE RENDERED OR GOODS SOLD AND FEES OR REVENUES UNDER SUCH AGREEMENT(S). |
| SOUTHWEST GAS CORPORATION By: /s/Roy R. Centrella Roy R. Centrella Vice President/Controller/Chief Accounting Officer |
|
Attest: /s/ Robert M. Johnson |
|
NAME, TITLE, AND ADDRESS OF OFFICER TO WHOM NOTICES AND CORRESPONDENCE CONCERNING THIS STATEMENT SHOULD BE ADDRESSED: Robert M. Johnson
Margaret A. Moore 8 EXHIBIT A
|
| Southwest Gas Corporation (Gas Operations) |
Black Mountain Gas |
Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating revenues | |||||||||||
| Natural gas operating revenues | $ | 1,034,353 | $ | -- | $ | 1,034,353 | |||||
| Propane gas operating revenues | -- | 2,083 | (1) | 2,083 | |||||||
| Other | -- | -- | -- | ||||||||
| Total operating revenues | 1,034,353 | 2,083 | 1,036,436 | ||||||||
| Operating expenses | |||||||||||
| Net cost of natural gas/propane sold | 482,503 | 951 | 483,454 | ||||||||
| Operations and maintenance | 266,862 | 639 | 267,501 | ||||||||
| Depreciation and amortization | 120,791 | 161 | 120,952 | ||||||||
| Taxes other than income taxes | 35,910 | 67 | 35,977 | ||||||||
| Other | -- | -- | -- | ||||||||
| Total operating expense | 906,066 | 1,818 | 907,884 | ||||||||
| Operating income | 128,287 | 265 | 128,552 | ||||||||
| Other income and (expenses) | |||||||||||
| Net interest deductions | (76,251 | ) | (6 | ) | (76,257 | ) | |||||
| Preferred securities distributions | (4,180 | ) | -- | (4,180 | ) | ||||||
| Other income | 2,955 | 3 | 2,958 | ||||||||
| Net interest deductions on subordinated debentures | (2,680 | ) | -- | (2,680 | ) | ||||||
| Total other income and (expenses) | (80,156 | ) | (3 | ) | (80,159 | ) | |||||
| Income before income taxes | 48,131 | 262 | 48,393 | ||||||||
| Income tax expense | 13,920 | 6 | 13,926 | ||||||||
| Net Income | $ | 34,211 | $ | 256 | $ | 34,467 | |||||
|
(1) Propane gas operating revenues
of $2,083,000 is comprised of regulated propane revenues of $1,376,000 and non- Southwest Gas
Corporation |
| Southwest Gas Corporation (Gas Operations) |
Black Mountain Gas |
Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets |
|||||||||||
| Utility Plant | |||||||||||
| Gas plant | $ | 3,035,969 | $ | 4,136 | $ | 3,040,105 | |||||
| Less: accumulated depreciation | (964,309 | ) | (2,061 | ) | (966,370 | ) | |||||
| Acquisition adjustments | 2,533 | -- | 2,533 | ||||||||
| Construction work in progress | 33,543 | -- | 33,543 | ||||||||
| Net utility plant | 2,107,736 | 2,075 | 2,109,811 | ||||||||
| Other Property and Investments | 47,329 | 571 | 47,900 | ||||||||
| Current and Accrued Assets | |||||||||||
| Cash and cash equivalents | 14,175 | 302 | 14,477 | ||||||||
| Accounts receivable, net of allowances | 103,280 | 375 | 103,655 | ||||||||
| Accrued utility revenue | 66,700 | -- | 66,700 | ||||||||
| Deferred income taxes | 4,178 | -- | 4,178 | ||||||||
| Deferred purchased gas costs | 9,151 | -- | 9,151 | ||||||||
| Prepaids and other current assets | 113,728 | 177 | 113,905 | ||||||||
| Total current and accrued assets | 311,212 | 854 | 312,066 | ||||||||
| Deferred charges and other assets | 64,098 | 63 | 64,161 | ||||||||
| Total Assets | $ | 2,530,375 | $ | 3,563 | $ | 2,533,938 | |||||
|
Southwest Gas
Corporation |
| Southwest Gas Corporation (Gas Operations) |
Black Mountain Gas |
Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capitalization, Liabilities and Deferred Credits |
|||||||||||
| Capitalization | |||||||||||
| Common stock | $ | 35,862 | $ | 2,965 | $ | 38,827 | |||||
| Additional paid-in capital | 510,521 | -- | 510,521 | ||||||||
| Retained earnings | 84,084 | 203 | 84,287 | ||||||||
| Total common equity | 630,467 | 3,168 | 633,635 | ||||||||
| Preferred equity | 100,000 | -- | 100,000 | ||||||||
| Long-term debt, less current maturities | 1,117,057 | -- | 1,117,057 | ||||||||
| Total capitalization | 1,847,524 | 3,168 | 1,850,692 | ||||||||
| Current and Accrued Liabilities | |||||||||||
| Current maturities of long-term debt | -- | -- | -- | ||||||||
| Short-term debt | 52,000 | -- | 52,000 | ||||||||
| Accounts payable | 106,738 | 190 | 106,928 | ||||||||
| Customers deposits | 44,290 | 132 | 44,422 | ||||||||
| Accrued taxes | 32,456 | -- | 32,456 | ||||||||
| Income tax payable | -- | -- | -- | ||||||||
| Accrued interest | 19,665 | -- | 19,665 | ||||||||
| Deferred income taxes | -- | -- | -- | ||||||||
| Deferred purchased gas costs | -- | -- | -- | ||||||||
| Other current liabilities | 68,987 | 73 | 69,060 | ||||||||
| Total current and accrued liabilities | 324,136 | 395 | 324,531 | ||||||||
| Deferred Income Taxes and Other Credits | |||||||||||
| Deferred income taxes and investment tax credits | 285,163 | -- | 285,163 | ||||||||
| Other deferred credits | 73,552 | -- | 73,552 | ||||||||
| Total deferred income taxes and other credits | 358,715 | -- | 358,715 | ||||||||
| Total Capitalization, Liabilities and Deferred Credits | $ | 2,530,375 | $ | 3,563 | $ | 2,533,938 | |||||
| 1. | Total gross revenue for all electric energy sold (at retail or wholesale) and natural or manufactured gas distributed (at retail). |
|
Response: |
| 2003 (Thousands of Dollars) |
2004 (Thousands of Dollars) | ||||||
|---|---|---|---|---|---|---|---|
| Southwest | $1,033,764 | $(Confidential Treatment, Rule 104) | |||||
| Black Mountain | 1,376 | (Confidential Treatment, Rule 104) | |||||
| 2. | Total gross revenue for all electric energy sold and natural gas or manufactured gas distributed at retail outside the State in which such company is organized. |
|
Response: |
| 2003 (Thousands of Dollars) |
2004 (Thousands of Dollars) | ||||||
|---|---|---|---|---|---|---|---|
| Southwest | $934,785 | $(Confidential Treatment, Rule 104) | |||||
| Black Mountain | 1,376 | (Confidential Treatment, Rule 104) | |||||
| 3. | Total gross revenue for all electric energy and natural or manufactured gas distributed at wholesale outside the State in which such company is organized. |
|
Response: |
| 2003 (Thousands of Dollars) |
2004 (Thousands of Dollars) | ||||||
|---|---|---|---|---|---|---|---|
| Southwest | $589 | $(Confidential Treatment, Rule 104) | |||||
| Black Mountain | 0 | (Confidential Treatment, Rule 104) | |||||
|
|
| 1 The gross revenue amounts for Black Mountain are limited to its regulated propane sales operations. |
|
1 REDACTED |
| 4. | Total gross revenue for all electric energy and natural or manufactured gas purchased outside the State in which such company is organized.2 |
Response:
| 2003 (Thousands of Dollars) |
2004 (Thousands of Dollars) | ||||||
|---|---|---|---|---|---|---|---|
| Southwest | $1,034,353 | $(Confidential Treatment, Rule 104) | |||||
| Black Mountain | 1,376 | (Confidential Treatment, Rule 104) | |||||
| 5. | Please identify the specific section of the Act the claim of exemption is made under Section 3(a)(1) or 3(a)(2) of the Act. |
| Response: | Southwest Gas Corporation is claiming its exemption under Section 3(a)(2) of the Act. Southwest’s utility operations are limited to the state of organization, California, and the contiguous states of Nevada and Arizona. |
| 6. | Provide an organizational chart showing the holding company system. |
| Response: | A table outlining Southwest Gas Corporation’s corporate structure is attached. Of company’s subsidiaries, only Black Mountain Gas Company falls within the purview of the Act. |
|
2 The gross revenue amounts for Southwest includes transportation and other operating revenues associated to its regulated natural gas operations. 2 REDACTED
REDACTED
|