| CONSOLIDATED
BALANCE SHEETS |
|
|
|
(in millions)
|
|
| December 31 |
1999
|
1998
|
|
|
|
|
| ASSETS: |
|
|
| Current Assets: |
|
|
| Cash and cash equivalents |
$669
|
$491
|
| Short-term investments |
164
|
35
|
| Accounts receivable-net of reserves of
$104-1999; $59-1998 |
934
|
365
|
| Inventory |
307
|
119
|
| Receivable from affiliates |
2
|
18
|
| Deferred income taxes |
184
|
71
|
| Prepaid expenses and other current assets |
327
|
155
|
|
| Total current assets |
2,587
|
1,254
|
|
|
|
|
| Property, Plant and Equipment: |
|
|
| Land |
216
|
135
|
| Electric generation and distribution
assets |
12,552
|
5,301
|
| Accumulated depreciation and amortization |
(763)
|
(525)
|
| Construction in progress |
1,442
|
634
|
|
| Property, plant and equipment-net |
13,447
|
5,545
|
|
|
|
|
| Other Assets: |
|
|
| Deferred financing costs-net |
236
|
167
|
| Project development costs |
53
|
103
|
| Investments in and advances to affiliates |
1,575
|
1,933
|
| Debt service reserves and other deposits |
328
|
205
|
| Electricity sales concessions and contracts-net |
1,056
|
1,280
|
| Goodwill-net |
795
|
66
|
| Other assets |
803
|
228
|
|
| Total other assets |
4,846
|
3,982
|
|
| Total |
$20,880
|
$10,781
|
|
| |
|
|
|
See notes to consolidated financial
statements.
|
| 76 |
|
