DYNEGY HOLDINGS, LLC - FORM 8-K/A - EX-99.1 - February 15, 2012

Attached files

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8-K/A - AMENDMENT TO FORM 8-K - DYNEGY HOLDINGS, LLCa12-5098_18ka.htm

Exhibit 99.1

 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

 

CORPORATE MONTHLY OPERATING REPORT

 

 

 

Debtor:

 

Dynegy Northeast
Generation, Inc.

 

Hudson Power, LLC

 

Dynegy Roseton, LLC

 

Dynegy Danskammer, LLC

 

Dynegy Holdings, LLC

 

 

 

Business unit number:

 

65500

 

65501

 

65502

 

65503

 

10001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REQUIRED DOCUMENTS

 

Form No.

 

Document
Attached

 

Explanation
Attached

 

Document
Attached

 

Explanation
Attached

 

Document
Attached

 

Explanation
Attached

 

Document
Attached

 

Explanation
Attached

 

Document
Attached

 

Explanation
Attached

 

Schedule of Cash Receipts and Disbursements

 

MOR-1

 

Yes

 

 

 

No

 

[2]

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Bank Reconciliation (or copies of debtor’s bank reconciliations)

 

MOR-1 (CON’T)

 

Yes

 

 

 

No

 

[1]

 

No

 

[1]

 

No

 

[1]

 

Yes

 

 

 

Copies of bank statements

 

 

 

Yes

 

 

 

No

 

[1]

 

No

 

[1]

 

No

 

[1]

 

Yes

 

 

 

Cash disbursements journals

 

 

 

Yes

 

 

 

No

 

[2]

 

No

 

[1]

 

No

 

[1]

 

Yes

 

 

 

Statement of Operations

 

MOR-2

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Balance Sheet

 

MOR-3

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Status of Post-petition Taxes

 

MOR-4

 

Yes

 

 

 

No

 

[2]

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Copies of IRS Form 6123 or payment receipt

 

 

 

Yes

 

 

 

No

 

[2]

 

Yes

 

 

 

Yes

 

 

 

No

 

[2]

 

Copies of tax returns filed during reporting period

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Summary of Unpaid Post-petition Debts

 

MOR-4

 

Yes

 

 

 

No

 

[2]

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Listing of Aged Accounts Payable

 

 

 

Yes

 

 

 

No

 

[2]

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Accounts Receivable Reconciliation and Aging

 

MOR-5

 

No

 

[2]

 

No

 

[2]

 

No

 

[2]

 

No

 

[2]

 

No

 

[2]

 

Taxes Reconciliation and Aging

 

MOR-5

 

Yes

 

 

 

No

 

[2]

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Payments to Insiders and Professional

 

MOR-6

 

No

 

[2]

 

No

 

[2]

 

No

 

[2]

 

No

 

[2]

 

No

 

[2]

 

Post Petition Status of Secured Notes, Leases Payable

 

MOR-6

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Debtor Questionnaire

 

MOR-7

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

 

[1]    Dynegy Northeast Generation, Inc. and Dynegy Holdings, LLC are the only two debtor entities with bank accounts.

[2]    The explanation is footnoted in the corresponding section of the Monthly Operating Report.

 

1


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

MOR -1

($000)

 

Debtor:

 

Dynegy Northeast
Generation, Inc.

 

Dynegy Roseton,
LLC

 

Dynegy
Danskammer, LLC

 

Dynegy Northeast Generation, Inc.

 

Dynegy Holdings,
LLC

 

Total

 

Business unit number:

 

65500

 

65502

 

65503

 

65500

 

10001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation [3]

 

BANK ACCOUNTS

 

BANK ACCOUNTS

 

BANK ACCOUNTS

 

 

 

November 8 -
November 30, 2011

 

November 8 -
November 30, 2011

 

November 8 -
November 30, 2011

 

# 5260

 

#2269

 

CURRENT MONTH
ACTUAL (TOTAL
OF ALL
ACCOUNTS)

 

# 7678

 

CURRENT MONTH
ACTUAL (TOTAL
OF ALL
ACCOUNTS)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH BEGINNING OF MONTH

 

 

 

 

 

 

 

$

1,076

 

$

—

 

$

1,076

 

$

11,072

 

$

12,148

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RECEIPTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH SALES

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

ACCOUNTS RECEIVABLE - PREPETITION

 

—

 

1,151

 

165

 

1,317

 

—

 

1,317

 

—

 

1,317

 

ACCOUNTS RECEIVABLE - POSTPETITION

 

—

 

69

 

54

 

123

 

—

 

123

 

—

 

123

 

LOANS AND ADVANCES

 

1,000

 

—

 

—

 

1,000

 

—

 

1,000

 

—

 

1,000

 

SALE OF ASSETS

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

OTHER

 

1,000

 

—

 

—

 

1,000

 

—

 

1,000

 

—

 

1,000

 

TRANSFERS (FROM DIP ACCTS) [4]

 

—

 

—

 

—

 

—

 

138

 

138

 

—

 

138

 

CREDIT ADJUSTMENT

 

—

 

—

 

18

 

18

 

—

 

18

 

 

 

 

 

TOTAL RECEIPTS

 

2,000

 

1,220

 

238

 

3,458

 

138

 

3,596

 

—

 

3,596

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DISBURSEMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET PAYROLL

 

—

 

(273

)

(432

)

(705

)

—

 

(705

)

—

 

(705

)

PAYROLL TAXES

 

—

 

(66

)

(105

)

(171

)

—

 

(171

)

—

 

(171

)

OTHER EMPLOYEE BENEFITS

 

—

 

(2

)

(3

)

(5

)

—

 

(5

)

—

 

(5

)

SALES, USE, & OTHER TAXES

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

INVENTORY PURCHASES

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

SECURED/ RENTAL/ LEASES

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

INSURANCE

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

OPERATING EXPENSES

 

—

 

(13

)

(89

)

(102

)

—

 

(102

)

—

 

(102

)

G & A

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

FUEL PURCHASES

 

—

 

(348

)

(219

)

(567

)

—

 

(567

)

—

 

(567

)

CAPEX

 

—

 

—

 

(26

)

(26

)

—

 

(26

)

—

 

(26

)

OTHER

 

—

 

—

 

—

 

—

 

—

 

—

 

(8

)

(8

)

OWNER DRAW

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

TRANSFERS (TO DIP ACCTS) [4]

 

(138

)

—

 

—

 

(138

)

—

 

(138

)

(1,000

)

(1,138

)

PROFESSIONAL FEES [5]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

U.S. TRUSTEE QUARTERLY FEES [5]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

COURT COSTS [5]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

TOTAL DISBURSEMENTS

 

(138

)

(701

)

(874

)

(1,713

)

—

 

(1,713

)

(1,008

)

(2,722

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS

 

1,862

 

519

 

(636

)

1,745

 

138

 

1,883

 

(1,008

)

875

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH — END OF MONTH

 

 

 

 

 

 

 

$

2,821

 

$

138

 

$

2,959

 

$

10,064

 

$

13,023

 

 

[1]   DNE also has the following additional Zero-Balance Accounts: Payroll Tax (5302), Payroll (5294), Gross Margin & Clearing (5286), and Capex, Opex, and G&A (5278).

[2]   Hudson Power, LLC is not listed above because it does not have any bank accounts.

[3]           Dynegy Roseton LLC and Dynegy Danskammer LLC do not have bank accounts.  Therefore all cash receipts and disbursements from these entities flow through Dynegy Northeast Generation’s Master Bank Account #5260.

[4]   Represents transfers (from DIP Accts) of $138,000 for Utility Adequate Assurance Account.

[5]   Due to the first month of filing no Professional Fees, Court Costs, or U.S. Trustee Quarterly Fees have been paid.

 

2


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

BANK RECONCILIATIONS

Continuation Sheet for MOR-1

($000)

 

Debtor:

 

Dynegy Northeast Generation, Inc.

 

Dynegy Holdings, LLC

 

Business unit number:

 

65500

 

10001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Concentration
Account

 

Capex, Opex &
G&A ZBA

 

Gross Margin &
Clearing ZBA

 

Payroll ZBA

 

Payroll Tax
ZBA

 

UAA

 

 

 

Concentration
Account

 

Cash Collateral

 

 

 

# 5260

 

# 5278

 

# 5286 [2]

 

# 5294

 

# 5302

 

# 2269

 

Total

 

# 7678

 

# 0204

 

BALANCE PER BOOKS

 

$

2,821

 

$

(1

)

$

(1,992

)

$

(2

)

$

—

 

$

138

 

$

964

 

$

10,064

 

$

27,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANK BALANCE

 

2,821

 

—

 

—

 

—

 

—

 

138

 

2,959

 

10,064

 

27,004

 

(+) DEPOSITS IN TRANSIT (ATTACH LIST)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

(-) OUTSTANDING CHECKS (ATTACH LIST):

 

—

 

(1

)

(1,992

)

(2

)

—

 

—

 

(1,995

)

—

 

—

 

OTHER (ATTACH EXPLANATION)

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADJUSTED BANK BALANCE

 

$

2,821

 

$

(1

)

$

(1,992

)

$

(2

)

$

—

 

$

138

 

$

964

 

$

10,064

 

$

27,004

 

 

[1]         Dynegy Roseton, LLC, Dynegy Danskammer, LLC, and Hudson Power, LLC do not have bank accounts.

[2]         On November 30, 2011 DNE made a payment for a coal shipment from Margin Account 5286.  However, the zero-balance transfer from Account 5260 did not occur until December 1, 2011 resulting in a negative balance for Account 5286 on November 30, 2011.

 

3


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period:  November 8 - November 30

 

STATEMENT OF OPERATIONS

MOR - 2

($000)

 

Debtor:

 

Dynegy Northeast
Generation, Inc.

 

Hudson Power, LLC

 

Dynegy Roseton, LLC

 

Dynegy Danskammer, LLC

 

Dynegy Holdings, LLC

 

Business unit number:

 

65500

 

65501

 

65502

 

65503

 

10001

 

 

 

November 8, 2011 -
November 30, 2011

 

November 8, 2011 -
November 30, 2011

 

November 8, 2011 -
November 30, 2011

 

November 8, 2011 -
November 30, 2011

 

November 8, 2011 -
November 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Filing Date - November 30

 

Filing Date - November 30

 

Filing Date - November 30

 

Filing Date - November 30

 

Filing Date - November 30

 

Revenues

 

$

—

 

$

—

 

$

—

 

$

7

 

$

—

 

Intercompany Revenues

 

(9

)

—

 

1,091

 

598

 

—

 

Cost of Sales

 

(44

)

—

 

11

 

205

 

(12

)

Intercompany Cost of Sales

 

—

 

—

 

(0

)

11

 

—

 

Gross Margin

 

36

 

—

 

1,080

 

389

 

12

 

O&M Costs

 

3,305

 

—

 

2,355

 

2,098

 

—

 

Intercompany O&M Costs

 

—

 

—

 

—

 

—

 

—

 

Operating margin

 

(3,269

)

—

 

(1,276

)

(1,708

)

12

 

Depreciation & Amortization

 

—

 

—

 

—

 

—

 

—

 

Asset Impairments

 

—

 

—

 

(8

)

229

 

—

 

Goodwill Impairments

 

—

 

—

 

—

 

—

 

—

 

Gain or Loss on Sale of Assets

 

—

 

—

 

—

 

—

 

—

 

G & A

 

314

 

—

 

—

 

—

 

1,875

 

Reorganizational Charges

 

—

 

—

 

—

 

—

 

—

 

Operating income

 

(3,584

)

—

 

(1,267

)

(1,937

)

(1,863

)

Bankruptcy Reorg charges

 

—

 

—

 

—

 

—

 

(49,267

)

Gain or Loss onDeconsolidation

 

—

 

—

 

—

 

—

 

—

 

Equity Earnings

 

—

 

—

 

—

 

—

 

(73,482

)

Interest Expense

 

2,279

 

—

 

(1,996

)

(375

)

1,795

 

Other Income

 

—

 

—

 

—

 

—

 

5,735

 

Income (loss) before income taxes

 

(1,304

)

—

 

(3,263

)

(2,312

)

(120,672

)

Tax Provision

 

—

 

—

 

—

 

—

 

44,803

 

Income (loss) from operations

 

(1,304

)

—

 

(3,263

)

(2,312

)

(165,475

)

Discontinued Operations (net of tax)

 

—

 

—

 

—

 

—

 

12

 

Cumulative Effect Chg Acc Prin

 

—

 

—

 

—

 

—

 

—

 

Net Income (loss)

 

(1,304

)

—

 

(3,263

)

(2,312

)

(165,487

)

NonControllingInterest Inc/Exp

 

—

 

—

 

—

 

—

 

—

 

Series C Pref Stock Dividend

 

—

 

—

 

—

 

—

 

—

 

Net Inc (loss) Avail to Common Shareholders

 

$

(1,304

)

$

—

 

$

(3,263

)

$

(2,312

)

$

(165,487

)

 

4


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

BALANCE SHEET

MOR - 3

($000)

 

Debtor:

 

Dynegy Northeast
Generation, Inc.

 

Hudson Power, LLC

 

Dynegy Roseton, LLC

 

Dynegy Danskammer,
LLC

 

Dynegy Holdings, LLC

 

Business unit number:

 

65500

 

65501

 

65502

 

65503

 

10001

 

 

 

November

 

November

 

November

 

November

 

November

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

Cash and Cash Equivalents

 

$

964

 

$

—

 

$

4

 

$

4

 

$

10,064

 

Restricted Cash

 

—

 

—

 

—

 

—

 

—

 

ST Investments - Restricted

 

—

 

—

 

—

 

—

 

27,004

 

AR Affiliates

 

14

 

—

 

—

 

—

 

—

 

Interest Rec Interco

 

—

 

—

 

—

 

—

 

22,460

 

Accounts Receivable

 

—

 

—

 

—

 

40

 

8,906

 

ST Investment 93day or greater

 

—

 

—

 

—

 

—

 

—

 

Inventory

 

—

 

—

 

11,768

 

25,287

 

—

 

Risk Management Assets

 

—

 

—

 

—

 

—

 

—

 

Other Assets Taxes

 

—

 

—

 

—

 

—

 

—

 

Broker Margin

 

—

 

—

 

—

 

—

 

—

 

Prepaids & Other Assets

 

1,345

 

—

 

8,358

 

7,766

 

1,425

 

Assets held for sale current

 

—

 

—

 

—

 

—

 

—

 

Total Current Assets

 

$

2,323

 

$

—

 

$

20,130

 

$

33,097

 

$

69,859

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, Plant and Equipment:

 

 

 

 

 

 

 

 

 

 

 

Property, Plant & Equipment

 

$

(919,703

)

$

—

 

$

724,247

 

$

470,041

 

$

—

 

Accumulated DD&A

 

919,703

 

—

 

(724,247

)

(470,041

)

—

 

Net Property, Plant and Equipment

 

0

 

—

 

—

 

—

 

—

 

Other Assets:

 

 

 

 

 

 

 

 

 

 

 

Investment-Consolidated Subs

 

285,551

 

285,551

 

—

 

—

 

6,088,079

 

Investment-Unconsolidated Subs

 

—

 

—

 

—

 

—

 

—

 

Noncurrent Risk Mgmt Assets

 

—

 

—

 

—

 

—

 

—

 

Long Term Intangible Contracts

 

—

 

—

 

—

 

—

 

—

 

Long Term Receivable Affiliate

 

—

 

—

 

—

 

—

 

—

 

LT Notes & Rec - 3rd Party

 

—

 

—

 

—

 

—

 

—

 

Other Long Term Assets

 

401,744

 

—

 

4,021

 

3,172

 

—

 

LT Investments - Restricted

 

—

 

—

 

—

 

—

 

—

 

Goodwill-Net

 

—

 

—

 

—

 

—

 

—

 

Deferred Income Taxes LTA

 

—

 

—

 

—

 

—

 

6,669

 

LT Notes and AR - IC

 

—

 

—

 

—

 

—

 

1,250,297

 

Net Other Assets

 

687,295

 

285,551

 

4,021

 

3,172

 

7,345,045

 

Total Assets

 

$

689,618

 

$

285,551

 

$

24,151

 

$

36,269

 

$

7,414,904

 

 

5


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

BALANCE SHEET

MOR - 3

($000)

 

Debtor:

 

Dynegy Northeast
Generation, Inc.

 

Hudson Power, LLC

 

Dynegy Roseton, LLC

 

Dynegy Danskammer,
LLC

 

Dynegy Holdings, LLC

 

Business unit number:

 

65500

 

65501

 

65502

 

65503

 

10001

 

 

 

November

 

November

 

November

 

November

 

November

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities And Equity:

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

 

 

 

 

 

 

Accounts Payable - Third Party [1]

 

$

86,989

 

$

—

 

$

221

 

$

2,155

 

$

—

 

Accounts Payable-Affiliates

 

529

 

—

 

2

 

4

 

—

 

Intercompany Due To-From

 

(23,317

)

—

 

73,879

 

225,362

 

1,706,200

 

Other Payables

 

—

 

—

 

—

 

—

 

—

 

Interest Accrued

 

(23,263

)

—

 

20,182

 

3,080

 

—

 

Interest Accrued- Intercompany

 

1

 

—

 

—

 

—

 

9,903

 

Taxes Accrued

 

17

 

—

 

0

 

1

 

—

 

Other Accrued Liabilities

 

3,617

 

—

 

800

 

1,839

 

2,111

 

Def Income Taxes – Cur Liab

 

—

 

—

 

—

 

—

 

—

 

Risk Management Liabilities

 

—

 

—

 

—

 

0

 

—

 

Short Term Debt - 3rd Party

 

—

 

—

 

—

 

—

 

—

 

Short Term Debt - Affiliate

 

—

 

—

 

—

 

—

 

—

 

Short Term Debt - I/C

 

1,000

 

—

 

—

 

—

 

—

 

Short Term Notes Payable

 

—

 

—

 

—

 

—

 

—

 

Current Portion Of LT Debt

 

(203,621

)

—

 

125,448

 

78,173

 

—

 

Liability held for sale curr

 

—

 

—

 

—

 

—

 

—

 

Total Current Liabilities

 

$

(158,048

)

$

—

 

$

220,533

 

$

310,614

 

$

1,718,215

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term Liabilities:

 

 

 

 

 

 

 

 

 

 

 

LT Liability subject to compromise

 

$

—

 

$

—

 

$

—

 

$

—

 

$

3,703,128

 

Long Term Debt-3rd Party

 

(432,589

)

—

 

424,208

 

8,381

 

—

 

Transitional Funding Trust Notes

 

—

 

—

 

—

 

—

 

—

 

Long Term Debt - Interco

 

—

 

—

 

—

 

—

 

1,272,000

 

Long Term Debt to Affiliates

 

—

 

—

 

—

 

—

 

—

 

Noncur Risk Mgmt Liabilities

 

—

 

—

 

—

 

—

 

—

 

Def Income Taxes – N Cur Liab

 

—

 

—

 

—

 

—

 

0

 

Other LT Liabilities

 

36,506

 

—

 

7,499

 

9,377

 

5,413

 

Leases Payable LT

 

—

 

—

 

—

 

—

 

—

 

Total Liabilities

 

(554,131

)

—

 

652,241

 

328,371

 

6,698,756

 

Subordinated Capital

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

6


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

BALANCE SHEET

MOR - 3

($000)

 

Debtor:

 

Dynegy Northeast
Generation, Inc.

 

Hudson Power, LLC

 

Dynegy Roseton, LLC

 

Dynegy Danskammer,
LLC

 

Dynegy Holdings, LLC

 

Business unit number:

 

65500

 

65501

 

65502

 

65503

 

10001

 

 

 

November

 

November

 

November

 

November

 

November

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

BOOK VALUE AT
END OF CURRENT
REPORTING MONTH

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity:

 

 

 

 

 

 

 

 

 

 

 

Receivables - Affiliates

 

$

—

 

$

—

 

$

—

 

$

—

 

$

(709,848

)

Conv Prefered Stock Series A

 

—

 

—

 

—

 

—

 

—

 

Preferred Stock-Intercompany

 

—

 

—

 

—

 

—

 

—

 

Common Stock Issued - I/C

 

1

 

—

 

—

 

—

 

—

 

Common Stock-A

 

—

 

—

 

—

 

—

 

1

 

Common Stock-B

 

—

 

—

 

—

 

—

 

—

 

Treasury Stock-Total

 

—

 

—

 

—

 

—

 

—

 

Subscription Receivable

 

—

 

—

 

—

 

—

 

—

 

Addl Paid In Capital

 

2,808,579

 

545,066

 

306,311

 

238,755

 

5,135,468

 

Partnership Inv/Contributions

 

—

 

—

 

—

 

—

 

—

 

Other Comprehensive Income

 

(13,057

)

—

 

1,133

 

176

 

(7,436

)

Dividends Other

 

—

 

—

 

—

 

—

 

—

 

Dividends/Partnership Distrib.

 

(2,605,529

)

(259,515

)

(104,821

)

(154,694

)

(1,752,500

)

Retained Earnings (Accumulated Deficit)

 

1,053,756

 

—

 

(830,713

)

(376,340

)

(1,949,537

)

Total Dynegy Inc Equity

 

1,243,750

 

285,551

 

(628,090

)

(292,102

)

716,148

 

NonControlling Interest

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Shareholders’ Equity

 

1,243,750

 

285,551

 

(628,090

)

(292,102

)

716,148

 

Total Liabilities & Equity

 

$

689,618

 

$

285,551

 

$

24,151

 

$

36,269

 

$

7,414,904

 

 

[1]

Includes an accrued and unpaid lease amount of $82,482,840 that was due to the debtors before the filing.

 

7


 

In re Dynegy Holdings, LLC
Case No. 11-38111 (CGM)

Reporting Period: November 8 - November 30

 

STATUS OF POST-PETITION TAXES

MOR - 4

 

Debtor:

 

Dynegy Northeast Generation, Inc.

 

Dynegy Roseton, LLC

 

Business unit number:

 

65500

 

65502

 

 

 

 

 

 

 

Federal

 

Beginning
Tax

 

Amount
Withheld
and/or
Accrued

 

Amount
Paid

 

Date Paid
[1]

 

Check # or
EFT

 

Ending Tax
[4]

 

Beginning
Tax

 

Amount
Withheld
and/or
Accrued

 

Amount
Paid

 

Date Paid
[1]

 

Check # or
EFT

 

Ending
Tax

 

Withholding [1]

 

—

 

102,330

 

174,124

 

—

 

—

 

(71,794

)

—

 

—

 

—

 

—

 

—

 

—

 

FICA-Employee [1]

 

—

 

41,510

 

41,510

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

FICA-Employer [1]

 

—

 

56,057

 

56,057

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Unemployment

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Income

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Other:

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Total Federal Taxes [4]

 

—

 

199,897

 

271,691

 

—

 

—

 

(71,794

)

—

 

—

 

—

 

—

 

—

 

—

 

State and Local

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Withholding [1] & [4]

 

—

 

40,500

 

58,979

 

—

 

—

 

(18,479

)

—

 

—

 

—

 

—

 

—

 

—

 

Sales/Use

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Excise

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Unemployment

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Real Property

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Personal Property

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Other:

 

—

 

36,905

 

—

 

—

 

—

 

36,905

 

—

 

—

 

—

 

—

 

—

 

—

 

Total State and Local

 

—

 

77,405

 

58,979

 

—

 

—

 

18,426

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Taxes

 

—

 

277,302

 

330,670

 

—

 

—

 

(53,368

)

—

 

—

 

—

 

—

 

—

 

—

 

 

[1]   Tax payments are totals from 3 separate payroll tax payments made on 11/10/2011, 11/23/2011, and 11/30/2011.  The 11/10/2011 payment totaled $160,000 and was sent to the appropriate Governmental Authority prior to the Chapter 11 filing.

[2]   The Debtors are current on all post-petition payroll taxes due.

[3]   Hudson Power, LLC is not listed since it did not have financial activity in November nor does it have any bank accounts.

[4]   Includes a portion of $160,000 of payroll taxes that were pre-funded prior to bankruptcy filing

 

SUMMARY OF UNPAID

 

Dynegy Northeast Generation, Inc.

 

Dynegy Roseton, LLC

 

POST-PETITION DEBTS

 

65500

 

65502

 

 

 

 

Number of Days Past Due [1]

 

Number of Days Past Due [1]

 

 

 

Current

 

31-60

 

61-90

 

Over 91

 

Total

 

Current

 

31-60

 

61-90

 

Over 91

 

Total

 

Accounts Payable

 

—

 

—

 

—

 

—

 

—

 

29,084

 

—

 

—

 

—

 

29,084

 

Wages Payable [3]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Taxes Payable

 

36,905

 

—

 

—

 

—

 

36,905

 

—

 

—

 

—

 

—

 

—

 

Rent/Leases-Building

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Rent/Leases-Equipment

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Secured Debt/Adequate Protection Payments

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Professional Fees [4]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Amounts Due to Insiders

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Total Post-petition Debts

 

36,905

 

—

 

—

 

—

 

36,905

 

29,084

 

—

 

—

 

—

 

29,084

 

 

[1]   The Summary of Unpaid Post-Petition Debts reflects aging amounts by invoice date.

[2]   Hudson Power, LLC is not listed since it did not have financial activity in November nor does it have any bank accounts.

[3]   The Debtors are current on Payroll and Wage liabilities.

[4]   Due to the first month of filing no Professional Fees have been paid.

 

8


 

In re Dynegy Holdings, LLC
Case No. 11-38111 (CGM)

Reporting Period: November 8 - November 30

 

STATUS OF POST-PETITION TAXES

MOR - 4

 

Debtor:

 

Dynegy Danskammer, LLC

 

Dynegy Holdings, LLC [5]

 

Business unit number:

 

65503

 

10001

 

 

 

 

 

 

 

Federal

 

Beginning
Tax

 

Amount
Withheld
and/or
Accrued

 

Amount
Paid

 

Date Paid
[1]

 

Check # or
EFT

 

Ending
Tax

 

Beginning
Tax

 

Amount
Withheld
and/or
Accrued

 

Amount
Paid

 

Date Paid
[1]

 

Check # or
EFT

 

Ending
Tax

 

Withholding [1]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

FICA-Employee [1]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

FICA-Employer [1]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Unemployment

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Income

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Other:

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Total Federal Taxes [4]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

State and Local

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Withholding [1] & [4]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Sales/Use

 

 

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Excise

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Unemployment

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Real Property

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Personal Property

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Other:

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Total State and Local

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Taxes

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

[5]   Dynegy Holdings, LLC is a holding company and has no payroll.

 

SUMMARY OF UNPAID

 

Dynegy Danskammer, LLC

 

Dynegy Holdings, LLC

 

POST-PETITION DEBTS

 

65503

 

10001

 

 

 

 

Number of Days Past Due [1]

 

Number of Days Past Due [1]

 

 

 

Current

 

31-60

 

61-90

 

Over 91

 

Total

 

Current

 

31-60

 

61-90

 

Over 91

 

Total

 

Accounts Payable

 

112,460

 

—

 

—

 

—

 

112,460

 

—

 

—

 

—

 

—

 

—

 

Wages Payable [3]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Taxes Payable

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Rent/Leases-Building

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Rent/Leases-Equipment

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Secured Debt/Adequate Protection Payments

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Professional Fees [4]

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Amounts Due to Insiders

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Total Post-petition Debts

 

112,460

 

—

 

—

 

—

 

112,460

 

—

 

—

 

—

 

—

 

—

 

 

9


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

MOR - 5

 

Debtor:

 

 

 

 

 

 

 

 

 

 

 

Business unit number:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts Receivable Reconciliation

 

Amount

 

Total Accounts Receivable at the beginning of the reporting period

 

 

 

 

 

 

 

 

 

—

 

Plus: Amounts billed during the period

 

 

 

 

 

 

 

 

 

—

 

Less: Amounts collected during the period

 

 

 

 

 

 

 

 

 

—

 

Total Accounts Receivable at the end of the reporting period

 

 

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts Receivable Aging

 

0-30 Days

 

31-60
Days

 

61-90
Days

 

91+
Days

 

Total

 

0 - 30 days old

 

—

 

—

 

—

 

—

 

—

 

31 - 60 days old

 

—

 

—

 

—

 

—

 

—

 

61 - 90 days old

 

—

 

—

 

—

 

—

 

—

 

91+ days old

 

—

 

—

 

—

 

—

 

—

 

Total Accounts Receivable

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: Bad Debts (Amount considered uncollectible)

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Accounts Receivable

 

—

 

—

 

—

 

—

 

—

 

 

[1]

Dynegy Roseton, LLC, Dynegy Danskammer, LLC, Dynegy Holdings, LLC, Dynegy Northeast Generation, Inc., and Hudson Power, LLC have no trade related accounts receivable.

[2]

DH has $8,905,984 in Taxes Receivable which includes $211,892 of a Canadian tax receivable from 2008.

[3]

DNE and its subsidiaries Dynegy Danskammer, LLC and Dynegy Roseton, LLC sell power to Dynegy Power Marketing, LLC, a sister non-debtor entity. As of November 30, 2011, DYPM did not owe any accounts receivable to DNE. As of the filing date, DNE had a net accounts payable due to DYPM of $21,193,146, comprised primarily of net swaps due to/from and mark-to-market adjustments. The debtors will maintain these positions until a final determination is made of these bankruptcy cases. DNE is allowed to continue post petition business in ordinary course for all future generation business.

[4]

DH has $22,459,909 Intercompany Interest Receivable. The Receivable is interest accruing on the $1.25 billion intercompany note between DH and Dynegy Inc.

 

10


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

 

Dynegy Holdings, LLC

 

Hudson Power, LLC

10001

 

65501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INSIDERS

 

 

 

 

 

INSIDERS

 

 

 

 

 

NAME

 

TYPE OF
PAYMENT

 

AMOUNT
PAID

 

TOTAL PAID
TO DATE

 

 

 

 

 

NAME

 

TYPE OF
PAYMENT

 

AMOUNT
PAID

 

TOTAL
PAID TO
DATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO INSIDERS

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO INSIDERS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[1]  No payments were made to Insiders from any of the debtor entities in November.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROFESSIONALS

 

PROFESSIONALS

 

NAME

 

DATE OF
COURT ORDER
AUTHORIZING
PAYMENT

 

AMOUNT
APPROVED

 

AMOUNT
PAID

 

TOTAL PAID
TO DATE

 

TOTAL
INCURRED &
UNPAID

 

 

NAME

 

DATE OF
COURT ORDER
AUTHORIZING
PAYMENT

 

AMOUNT
APPROVED

 

AMOUNT
PAID

 

TOTAL
PAID TO
DATE

 

TOTAL
INCURRED
& UNPAID

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO PROFESSIONALS

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO PROFESSIONALS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[1]  No payments were made to Professionals from any of the debtor entities in November.

 

POST-PETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NAME OF CREDITOR

 

SCHEDULED
MONTHLY
PAYMENT
DUE

 

AMOUNT
PAID
DURING
MONTH

 

TOTAL
UNPAID
POST-
PETITION

 

 

 

 

 

NAME OF CREDITOR

 

SCHEDULED
MONTHLY
PAYMENT DUE

 

AMOUNT
PAID
DURING
MONTH

 

TOTAL
UNPAID
POST-
PETITION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS

 

 

 

 

 

 

 

 

 

 

 

 

[1]  None of the debtors have Secured Notes or Leases Payable.

 

11


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

 

Dynegy Roseton, LLC

 

Dynegy Danskammer, LLC

65502

 

65503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INSIDERS

 

 

 

 

 

INSIDERS

 

 

 

 

 

NAME

 

TYPE OF
PAYMENT

 

AMOUNT
PAID

 

TOTAL
PAID TO
DATE

 

 

 

 

 

NAME

 

TYPE OF
PAYMENT

 

AMOUNT
PAID

 

TOTAL
PAID TO
DATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO INSIDERS

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO INSIDERS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[1]  No payments were made to Insiders from any of the debtor entities in November.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROFESSIONALS

 

PROFESSIONALS

 

NAME

 

DATE OF
COURT ORDER
AUTHORIZING
PAYMENT

 

AMOUNT
APPROVED

 

AMOUNT
PAID

 

TOTAL
PAID TO
DATE

 

TOTAL
INCURRED
& UNPAID

 

 

NAME

 

DATE OF
COURT ORDER
AUTHORIZING
PAYMENT

 

AMOUNT
APPROVED

 

AMOUNT
PAID

 

TOTAL
PAID TO
DATE

 

TOTAL
INCURRED
& UNPAID

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO PROFESSIONALS

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO PROFESSIONALS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[1]  No payments were made to Professionals from any of the debtor entities in November.

 

POST-PETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NAME OF CREDITOR

 

SCHEDULED
MONTHLY
PAYMENT DUE

 

AMOUNT
PAID
DURING
MONTH

 

TOTAL
UNPAID
POST-
PETITION

 

 

 

 

 

NAME OF CREDITOR

 

SCHEDULED
MONTHLY
PAYMENT DUE

 

AMOUNT
PAID
DURING
MONTH

 

TOTAL
UNPAID
POST-
PETITION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS

 

 

 

 

 

 

 

 

 

 

 

 

[1]  None of the debtors have Secured Notes or Leases Payable.

 

12


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

 

Dynegy Northeast Generation, Inc.

65500

 

INSIDERS

 

NAME

 

TYPE OF
PAYMENT

 

AMOUNT
PAID

 

TOTAL
PAID TO
DATE

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO INSIDERS

 

 

 

 

 

 

 

 

[1]   No payments were made to Insiders from any of the debtor entities in November.

 

PROFESSIONALS

 

NAME

 

DATE OF
COURT ORDER
AUTHORIZING
PAYMENT

 

AMOUNT
APPROVED

 

AMOUNT
PAID

 

TOTAL
PAID TO
DATE

 

TOTAL
INCURRED
& UNPAID\

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO PROFESSIONALS

 

 

 

 

 

 

 

 

 

 

 

 

[1]   No payments were made to Professionals from any of the debtor entities in November.

 

POST-PETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS

 

NAME OF CREDITOR

 

SCHEDULED
MONTHLY
PAYMENT DUE

 

AMOUNT
PAID
DURING
MONTH

 

TOTAL
UNPAID
POST-
PETITION

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS

 

 

 

 

 

 

 

 

[1]   None of the debtors have Secured Notes or Leases Payable.

 

13


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: November 8 - November 30

 

DEBTOR QUESTIONNAIRE

MOR - 7

 

Must be completed each month. If the answer to any of the questions is
“Yes”, provide a detailed explanation of each item. Attach additional sheets
if necessary.

 

Yes

 

No

 

Notes:

Have any assets been sold or transferred outside the normal course of business this reporting period?

 

 

 

X

 

 

Have any funds been disbursed from any account other than a debtor in possession account this reporting period?

 

 

 

X

 

 

Is the Debtor delinquent in the timely filing of any post-petition tax returns?

 

 

 

X

 

 

Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?

 

 

 

X

 

 

Is the Debtor delinquent in paying any insurance premium payment?

 

 

 

X

 

 

Have any payments been made on pre-petition liabilities this reporting period?

 

X

 

 

 

DNE - None other than allowed per approved motions (Payroll, Payroll Taxes, Bank Fees, etc.).

Are any post- petition receivables (accounts, notes or loans) due from related parties?

 

X

 

 

 

DNE - Receivables may exist from time to time on one’s books relating to settlements under the EMA Agreement but typically would clear within one day. DH has a receivable from DNE under the Intercompany Revolver Agreement (DIP Facility).

Are any post-petition payroll taxes past due?

 

 

 

X

 

 

Are any post-petition State or Federal income taxes past due?

 

 

 

X

 

 

Are any post-petition real estate taxes past due?

 

 

 

X

 

 

Are any other post-petition taxes past due?

 

 

 

X

 

 

Have any pre-petition taxes been paid during this reporting period?

 

X

 

 

 

Sales and Use Tax and Payroll Tax.

Are any amounts owed to post-petition creditors delinquent?

 

 

 

X

 

 

Are any wage payments past due?

 

 

 

X

 

 

Have any post-petition loans been received by the Debtor from any party?

 

X

 

 

 

Loans received by DNE from DH under Intercompany Revolver.

Is the Debtor delinquent in paying any U.S. Trustee fees?

 

 

 

X

 

 

Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?

 

 

 

X

 

 

Have the owners or shareholders received any compensation outside of the normal course of business?

 

 

 

X

 

 

 

[1]         This Questionnaire covers Dynegy Holdings, LLC, Dynegy Northeast Generation, Inc., Dynegy Danskammer, LLC, Dynegy Roseton, LLC, and Hudson Power, LLC.

 

14