EX-99.1 2 a12-17496_1ex99d1.htm EX-99.1

Exhibit 99.1

 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

 

CORPORATE MONTHLY OPERATING REPORT

 

 

 

 

 

Dynegy Northeast

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debtor:

 

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

 

 

 

Yes

 

 

 

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

 

[1]

 

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

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Copies of IRS Form 6123 or payment receipt

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Copies of tax returns filed during reporting period

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Summary of Unpaid Post-petition Debts

 

MOR-4

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Listing of Aged Accounts Payable

 

 

 

Yes

 

 

 

Yes

 

 

 

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

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Payments to Insiders and Professional

 

MOR-6

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

Yes

 

 

 

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

 

1



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

MOR -1

($000)

 

Debtor:

 

Dynegy Northeast
Generation, Inc.

 

Hudson Power, LLC

 

Dynegy Roseton,
LLC

 

Dynegy
Danskammer, LLC

 

Dynegy Northeast Generation, Inc.

 

Dynegy Holdings,
LLC

 

Total

 

Business unit number:

 

65500

 

65501

 

65502

 

65503

 

65500

 

10001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALLOCATION [1]

 

BANK ACCOUNTS

 

BANK
 ACCOUNTS

 

BANK 
ACCOUNTS

 

 

 

June 1 - June 30,
2012

 

June 1 - June 30,
2012

 

June 1 - June 30,
2012

 

June 1 - June 30,
2012

 

# 5260

 

#2269

 

CURRENT
MONTH ACTUAL
(TOTAL OF ALL
ACCOUNTS)

 

# 7678

 

CURRENT
MONTH ACTUAL
 (TOTAL OF ALL
ACCOUNTS)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH BEGINNING OF MONTH

 

 

 

 

 

 

 

 

 

$

2,196

 

$

138

 

$

2,334

 

$

10,746

 

$

13,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RECEIPTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH SALES

 

$

 

$

 

$

4,464

 

$

1,903

 

$

6,367

 

$

 

$

6,367

 

$

 

$

6,367

 

ACCOUNTS RECEIVABLE - PREPETITION

 

 

 

 

 

 

 

 

 

 

ACCOUNTS RECEIVABLE - POSTPETITION

 

 

 

 

 

 

 

 

 

 

LOANS AND ADVANCES

 

 

 

 

 

 

 

 

 

 

SALE OF ASSETS

 

 

 

 

 

 

 

 

 

 

OTHER (ATTACH LIST)

 

 

 

57

 

 

57

 

 

57

 

41,656

 

41,713

 

TRANSFERS (FROM DIP ACCTS)

 

 

 

 

 

 

 

 

 

 

TOTAL RECEIPTS

 

$

 

$

 

$

4,521

 

$

1,903

 

$

6,424

 

$

 

$

6,424

 

$

41,656

 

$

48,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DISBURSEMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET PAYROLL

 

$

 

$

 

$

(349

)

$

(523

)

$

(872

)

$

 

$

(872

)

$

 

$

(872

)

PAYROLL TAXES

 

 

 

(134

)

(200

)

(334

)

 

(334

)

 

(334

)

OTHER EMPLOYEE BENEFITS

 

(9

)

 

 

 

(9

)

 

(9

)

 

(9

)

SALES, USE, & OTHER TAXES

 

 

 

(1

)

 

(1

)

 

(1

)

 

(1

)

INVENTORY PURCHASES

 

 

 

(26

)

(20

)

(46

)

 

(46

)

 

(46

)

SECURED/ RENTAL/ LEASES

 

 

 

 

 

 

 

 

 

 

INSURANCE

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

(994

)

(1,471

)

(2,465

)

 

(2,465

)

 

(2,465

)

G & A

 

 

 

(286

)

(286

)

(572

)

 

(572

)

 

(572

)

FUEL PURCHASES

 

 

 

(3,568

)

 

(3,568

)

 

(3,568

)

 

(3,568

)

CAPEX

 

 

 

 

 

 

 

 

 

 

COLLATERAL

 

 

 

 

 

 

 

 

 

 

BANK FEES

 

(2

)

 

 

 

(2

)

 

(2

)

 

(2

)

OTHER

 

179

 

 

76

 

115

 

370

 

 

370

 

(9

)

361

 

OWNER DRAW

 

 

 

 

 

 

 

 

 

 

TRANSFERS (TO DIP ACCTS)

 

 

 

 

 

 

 

 

 

 

PROFESSIONAL FEES

 

(4

)

 

 

 

(4

)

 

(4

)

(837

)

(841

)

U.S. TRUSTEE QUARTERLY FEES

 

 

 

 

 

 

 

 

 

 

COURT COSTS

 

 

 

 

 

 

 

 

 

 

TOTAL DISBURSEMENTS

 

$

164

 

$

 

$

(5,282

)

$

(2,385

)

$

(7,503

)

$

 

$

(7,503

)

$

(846

)

$

(8,349

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS

 

$

164

 

$

 

$

(761

)

$

(482

)

$

(1,079

)

$

 

$

(1,079

)

$

40,810

 

$

39,731

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH — END OF MONTH

 

 

 

 

 

 

 

 

 

$

1,117

 

$

138

 

$

1,255

 

$

51,556

 

$

52,811

 

 


Note:                   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).

[1]                                 Hudson Power, LLC, 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.

 

2



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

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 [1]

 

# 5286

 

# 5294 [1]

 

# 5302

 

# 2269

 

Total

 

# 7678

 

# 0204

 

BALANCE PER BOOKS

 

$

1,136

 

$

(6

)

$

 

$

(13

)

$

 

$

138

 

$

1,255

 

$

51,556

 

$

27,006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANK BALANCE

 

1,136

 

 

 

 

 

138

 

1,274

 

51,556

 

27,006

 

(+) DEPOSITS IN TRANSIT (ATTACH LIST)

 

 

 

 

 

 

 

 

 

 

(-) OUTSTANDING CHECKS (ATTACH LIST):

 

 

(6

)

 

(13

)

 

 

(19

)

 

 

OTHER (ATTACH EXPLANATION)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADJUSTED BANK BALANCE

 

$

1,136

 

$

(6

)

$

 

$

(13

)

$

 

$

138

 

$

1,255

 

$

51,556

 

$

27,006

 

 


Note:

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

[1]

The Adjusted Bank Balances represent the total  $19K of outstanding checks.

 

3



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

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

 

 

 

June

 

November 8 - June
30, 2012

 

June

 

November 8 - June
30, 2012

 

June

 

November 8 - June
30, 2012

 

June

 

November 8 - June
30, 2012

 

June

 

November 8 - June
30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MONTH

 

CUMULATIVE -
FILING TO DATE

 

MONTH

 

CUMULATIVE -
FILING TO DATE

 

MONTH

 

CUMULATIVE -
FILING TO DATE

 

MONTH

 

CUMULATIVE -
FILING TO DATE

 

MONTH

 

CUMULATIVE -
FILING TO DATE

 

Revenues

 

$

(0

)

$

(0

)

$

 

$

 

$

(0

)

$

0

 

$

(11

)

$

(3

)

$

 

$

 

Intercompany Revenues

 

 

(9

)

 

 

8,593

 

17,736

 

4,813

 

15,158

 

 

 

Cost of Sales

 

 

(44

)

 

 

3,665

 

6,243

 

2,241

 

11,787

 

 

(12

)

Taxes Other than Income

 

 

 

 

 

 

 

 

 

 

0

 

Intercompany Cost of Sales

 

 

 

 

 

0

 

(42

)

 

(16

)

 

 

Gross Margin

 

(0

)

35

 

 

 

4,928

 

11,535

 

2,561

 

3,384

 

 

12

 

O&M Costs

 

60

 

7,840

 

 

 

2,583

 

18,258

 

2,264

 

15,531

 

 

 

Operating Margin

 

(60

)

(7,805

)

 

 

2,345

 

(6,723

)

297

 

(12,147

)

 

12

 

Depreciation & Amortization

 

 

 

 

 

 

(4,881

)

 

(2,006

)

 

 

Asset Impairments

 

 

 

 

 

 

(8

)

 

568

 

 

 

G & A

 

527

 

3,272

 

 

 

8

 

66

 

8

 

66

 

1,581

 

8,660

 

Operating Income/(Loss)

 

(587

)

(11,077

)

 

 

2,337

 

(1,900

)

289

 

(10,775

)

(1,581

)

(8,648

)

Bankruptcy Reorg charges

 

(2,486

)

(972,611

)

(0

)

(1

)

(3

)

72,578

 

 

(2,725

)

1,755

 

(574,448

)

Equity Earnings/ (Losses)

 

 

 

 

 

 

 

 

 

(1,258,656

)

(1,858,150

)

Interest Income/(Expense)

 

(101

)

5,096

 

 

(0

)

(42

)

(5,127

)

(52

)

(1,226

)

 

(940

)

Other Income/(Expense)

 

(1

)

(4

)

 

 

(11

)

(17

)

 

(1

)

413,220

 

467,684

 

Income/(Loss) before income taxes

 

(3,175

)

(978,596

)

(0

)

(1

)

2,281

 

65,534

 

237

 

(14,727

)

(845,262

)

(1,974,502

)

Tax Provision (benefit)

 

 

 

 

 

 

 

 

 

36

 

181,004

 

Income/(Loss) from operations

 

$

(3,175

)

$

(978,596

)

$

(0

)

$

(1

)

$

2,281

 

$

65,534

 

$

237

 

$

(14,727

)

$

(845,299

)

$

(2,155,506

)

 

4



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

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

 

 

 

June

 

May

 

June

 

May

 

June

 

May

 

June

 

May

 

June

 

May

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and Cash Equivalents

 

$

1,255

 

$

2,334

 

$

 

$

 

$

4

 

$

4

 

$

4

 

$

4

 

$

51,556

 

$

10,746

 

ST Investments - Restricted

 

 

 

 

 

 

 

 

 

27,006

 

27,006

 

AR Affiliates

 

138

 

104

 

 

 

 

 

 

0

 

 

 

Interest Rec Interco

 

 

 

 

 

 

 

 

 

392

 

41,947

 

Accounts Receivable

 

1

 

1

 

 

 

 

 

 

 

6,446

 

6,446

 

Inventory

 

 

 

 

 

10,895

 

11,639

 

20,395

 

22,160

 

 

 

Risk Management Assets - Affiliate

 

 

 

 

 

2,758

 

3,822

 

1

 

26

 

 

 

Prepaids & Other Assets

 

1,160

 

2,543

 

 

 

4,457

 

4,301

 

2,390

 

2,041

 

13,425

 

13,425

 

Total Current Assets

 

$

2,554

 

$

4,982

 

$

 

$

 

$

18,114

 

$

19,766

 

$

22,790

 

$

24,231

 

$

98,825

 

$

99,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, Plant and Equipment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, Plant & Equipment

 

$

(919,703

)

$

(919,703

)

$

 

$

 

$

719,366

 

$

719,366

 

$

467,521

 

$

467,521

 

$

 

$

 

Accumulated DD&A

 

919,703

 

919,703

 

 

 

(719,366

)

(719,366

)

(467,521

)

(467,521

)

 

 

Net Property, Plant and Equipment

 

0

 

0

 

 

 

(0

)

(0

)

 

 

 

 

Other Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment-Consolidated Subs

 

285,551

 

285,551

 

285,551

 

285,551

 

 

 

 

 

4,394,164

 

5,185,133

 

LT Notes and AR - IC

 

 

 

 

 

 

 

 

 

297

 

1,250,297

 

Net Other Assets

 

285,551

 

285,551

 

285,551

 

285,551

 

 

 

 

 

4,394,461

 

6,435,430

 

Total Assets

 

$

288,105

 

$

290,533

 

$

285,551

 

$

285,551

 

$

18,114

 

$

19,766

 

$

22,790

 

$

24,231

 

$

4,493,286

 

$

6,535,000

 

 

5



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

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

 

 

 

June

 

May

 

June

 

May

 

June

 

May

 

June

 

May

 

June

 

May

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

BOOK VALUE
AT END OF
CURRENT
REPORTING
MONTH

 

BOOK
VALUE AT
END OF
PRIOR
REPORTING
MONTH

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities And Equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts Payable - Third Party

 

$

191

 

$

419

 

$

 

$

 

$

48

 

$

53

 

$

156

 

$

155

 

$

 

$

 

Accounts Payable-Affiliates

 

1,848

 

581

 

 

 

2

 

2

 

3

 

4

 

 

 

Intercompany Due To-From

 

(30,373

)

(27,141

)

1

 

1

 

70,228

 

73,420

 

226,091

 

227,921

 

1,300,316

 

1,300,405

 

Interest Accrued

 

 

 

 

 

 

 

 

 

 

 

Interest Accrued- Intercompany

 

392

 

291

 

 

 

 

 

 

 

33

 

9,751

 

Taxes Accrued

 

147

 

121

 

 

 

5,254

 

5,216

 

2,340

 

2,341

 

 

 

Other Accrued Liabilities

 

1,621

 

1,439

 

0

 

0

 

776

 

596

 

965

 

894

 

19,096

 

22,201

 

Def Income Taxes — Cur Liab

 

 

 

 

 

 

 

 

 

 

 

Risk Management Liabilities

 

 

 

 

 

 

 

11

 

 

 

 

Risk Management Liabilities - Affiliate

 

 

 

 

 

2,221

 

3,195

 

2

 

1

 

 

 

Short Term Debt - I/C

 

13,000

 

13,000

 

 

 

 

 

 

 

 

 

Total Current Liabilities

 

$

(13,174

)

$

(11,290

)

$

1

 

$

1

 

$

78,529

 

$

82,482

 

$

229,568

 

$

231,316

 

$

1,319,445

 

$

1,332,357

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities subject to compromise

 

$

2,482

 

$

 

$

 

$

 

$

497,261

 

$

497,261

 

$

90,061

 

$

90,061

 

$

4,265,584

 

$

4,201,613

 

Long Term Debt - Interco

 

 

 

 

 

 

 

 

 

12,000

 

1,262,000

 

Def Income Taxes — N Cur Liab

 

 

 

 

 

 

 

 

 

 

 

Other LT Liabilities

 

18,758

 

18,605

 

 

 

2,754

 

2,733

 

7,853

 

7,784

 

3,698

 

4,631

 

Total Liabilities

 

8,066

 

7,315

 

1

 

1

 

578,544

 

582,476

 

327,482

 

329,161

 

5,600,727

 

6,800,601

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivables - Affiliates

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

0

 

$

(841,254

)

Common Stock Issued - I/C

 

1

 

1

 

 

 

 

 

 

 

 

 

Common Stock-A

 

 

 

 

 

 

 

 

 

1

 

1

 

Addl Paid In Capital

 

2,808,579

 

2,808,579

 

545,066

 

545,066

 

306,311

 

306,311

 

238,755

 

238,755

 

4,295,516

 

5,134,990

 

Other Comprehensive Income

 

524

 

528

 

 

 

 

 

 

 

112

 

116

 

Retained Earnings (Accumulated Deficit)

 

(2,529,065

)

(2,525,890

)

(259,516

)

(259,516

)

(866,741

)

(869,021

)

(543,447

)

(543,685

)

(5,403,070

)

(4,559,455

)

Total Dynegy Inc Equity

 

$

280,039

 

$

283,218

 

$

285,550

 

$

285,550

 

$

(560,430

)

$

(562,710

)

$

(304,692

)

$

(304,930

)

$

(1,107,441

)

$

(265,602

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Liabilities & Equity

 

$

288,105

 

$

290,533

 

$

285,551

 

$

285,551

 

$

18,114

 

$

19,766

 

$

22,790

 

$

24,231

 

$

4,493,286

 

$

6,535,000

 

 

6


 


 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

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

 

Check # or
EFT

 

Ending Tax

 

Beginning
Tax

 

Amount
Withheld
and/or
Accrued

 

Amount Paid

 

Date Paid

 

Check # or
EFT

 

Ending Tax

 

Withholding [1]

 

 

141,215

 

141,215

 

 

 

 

 

 

 

 

 

 

FICA-Employee [1]

 

 

58,965

 

58,965

 

 

 

 

 

 

 

 

 

 

FICA-Employer [1]

 

 

79,838

 

79,838

 

 

 

 

 

 

 

 

 

 

Unemployment

 

 

 

 

 

 

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

 

 

 

 

 

 

 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Federal Taxes [1]

 

$

 

$

280,018

 

$

280,018

 

 

 

$

 

$

 

$

 

$

 

 

 

$

 

 

State and Local

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Withholding [1]

 

 

53,694

 

53,694

 

 

 

 

 

 

 

 

 

 

Sales/Use

 

 

 

 

 

 

 

307

 

38,368

 

938

 

 

 

37,737

 

Excise

 

 

 

 

 

 

 

 

 

 

 

 

 

Unemployment

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Property [2]

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal Property

 

 

 

 

 

 

 

 

 

 

 

 

 

Franchise Tax

 

121,277

 

25,795

 

 

 

 

147,072

 

 

 

 

 

 

 

Metro Commuter Tax

 

33,630

 

3,549

 

 

 

 

37,179

 

 

 

 

 

 

 

Total State and Local

 

$

154,907

 

$

83,038

 

$

53,694

 

 

 

$

184,251

 

$

307

 

$

38,368

 

$

938

 

 

 

$

37,737

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Taxes

 

$

154,907

 

$

363,056

 

$

333,712

 

 

 

$

184,251

 

$

307

 

$

38,368

 

$

938

 

 

 

$

37,737

 

 


 

[1]

Payroll taxes are totals from four payroll tax payments made on 6/6, 6/13, 6/20, and 6/27.

 

[2]

Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid. Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.

 

SUMMARY OF UNPAID

 

Dynegy Northeast Generation, Inc.

 

Dynegy Roseton, LLC

 

POST-PETITION DEBTS

 

65500

 

65502

 

 

 

 

 

 

 

 

 

Number of Days Past Due

 

Number of Days Past Due

 

 

 

Current

 

31-60

 

61-90

 

Over 91

 

Total

 

Current

 

31-60

 

61-90

 

Over 91

 

Total

 

Accounts Payable

 

$

2,046

 

$

 

$

 

$

 

$

2,046

 

$

41,986

 

$

 

$

 

$

 

$

41,986

 

Wages Payable [1]

 

 

 

 

 

 

 

 

 

 

 

Taxes Payable [2]

 

184,251

 

 

 

 

184,251

 

37,737

 

 

 

 

37,737

 

Rent/Leases-Building

 

 

 

 

 

 

 

 

 

 

 

Rent/Leases-Equipment

 

 

 

 

 

 

 

 

 

 

 

Secured Debt/Adequate Protection Payments

 

 

 

 

 

 

 

 

 

 

 

Professional Fees

 

4,875

 

 

 

 

4,875

 

16,250

 

 

 

 

16,250

 

Amounts Due to Insiders

 

 

 

 

 

 

 

 

 

 

 

Total Post-petition Debts

 

$

191,172

 

$

 

$

 

$

 

$

191,172

 

$

95,973

 

$

 

$

 

$

 

$

95,973

 

 


 

[1]

The Debtors are current on Payroll and Wage liabilities.

 

[2]

Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid. Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.

 

7



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

STATUS OF POST-PETITION TAXES

MOR - 4

 

Debtor:

 

Dynegy Danskammer, LLC

 

Dynegy Holdings, LLC [3]

 

Business unit number:

 

65503

 

10001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

Beginning
Tax

 

Amount
Withheld
and/or
Accrued

 

Amount Paid

 

Date Paid

 

Check # or
EFT

 

Ending Tax

 

Beginning Tax

 

Amount
Withheld
and/or
Accrued

 

Amount Paid

 

Date Paid

 

Check # or
EFT

 

Ending
Tax

 

Withholding [1]

 

 

 

 

 

 

 

 

 

 

 

 

 

FICA-Employee [1]

 

 

 

 

 

 

 

 

 

 

 

 

 

FICA-Employer [1]

 

 

 

 

 

 

 

 

 

 

 

 

 

Unemployment

 

 

 

 

 

 

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

 

 

 

 

 

 

 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Federal Taxes [1]

 

$

 

$

 

$

 

 

 

$

 

$

 

$

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State and Local

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Withholding [1]

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales/Use

 

122

 

339

 

462

 

 

 

 

 

 

 

 

 

 

Excise

 

 

 

 

 

 

 

 

 

 

 

 

 

Unemployment

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Property [2]

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal Property

 

 

 

 

 

 

 

 

 

 

 

 

 

Franchise Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

Metro Commuter Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

Total State and Local

 

$

122

 

$

339

 

$

462

 

 

 

$

 

$

 

$

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Taxes

 

$

122

 

$

339

 

$

462

 

 

 

$

 

$

 

$

 

$

 

 

 

$

 

 


 

[2]

Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid.  Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.

 

[3]

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

 

 

 

Number of Days Past Due

 

 

 

Current

 

31-60

 

61-90

 

Over 91

 

Total

 

 

 

Current

 

31-60

 

61-90

 

Over 91

 

Total

 

Accounts Payable

 

$

147,030

 

$

 

$

 

$

 

$

147,030

 

 

 

$

 

$

 

$

 

$

 

$

 

Wages Payable [1]

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes Payable [2]

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent/Leases-Building

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent/Leases-Equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured Debt/Adequate Protection Payments

 

 

 

 

 

 

 

 

 

 

 

 

 

Professional Fees

 

13,000

 

 

 

 

13,000

 

 

 

18,998,171

 

 

 

 

18,998,171

 

Amounts Due to Insiders

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Post-petition Debts

 

$

160,030

 

$

 

$

 

$

 

$

160,030

 

 

 

$

18,998,171

 

$

 

$

 

$

 

$

18,998,171

 

 


 

[1]

The Debtors are current on Payroll and Wage liabilities.

 

[2]

Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid.  Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.

 

8



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

STATUS OF POST-PETITION TAXES

MOR - 4

 

Debtor:

 

Hudson Power, LLC

 

Business unit number:

 

65501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

Beginning
Tax

 

Amount
Withheld
and/or
Accrued

 

Amount Paid

 

Date Paid

 

Check # or
EFT

 

Ending Tax

 

Withholding [1]

 

 

 

 

 

 

 

FICA-Employee [1]

 

 

 

 

 

 

 

FICA-Employer [1]

 

 

 

 

 

 

 

Unemployment

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

 

Other:                          

 

 

 

 

 

 

 

Total Federal Taxes [1]

 

$

 

$

 

$

 

 

 

$

 

 

State and Local

 

 

 

 

 

 

 

 

 

 

 

 

 

Withholding [1]

 

 

 

 

 

 

 

Sales/Use

 

 

 

 

 

 

 

Excise

 

 

 

 

 

 

 

Unemployment

 

 

 

 

 

 

 

Real Property [2]

 

 

 

 

 

 

 

Personal Property

 

 

 

 

 

 

 

Franchise Tax

 

 

 

 

 

 

 

Metro Commuter Tax

 

 

 

 

 

 

 

Total State and Local

 

$

 

$

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Taxes

 

$

 

$

 

$

 

 

 

$

 

 

SUMMARY OF UNPAID

 

Hudson Power, LLC

POST-PETITION DEBTS

 

65501

 

 

 

Number of Days Past Due

 

 

 

Current

 

31-60

 

61-90

 

Over 91

 

Total

 

Accounts Payable

 

$

 

$

 

$

 

$

 

$

 

Wages Payable [1]

 

 

 

 

 

 

Taxes Payable [2]

 

 

 

 

 

 

Rent/Leases-Building

 

 

 

 

 

 

Rent/Leases-Equipment

 

 

 

 

 

 

Secured Debt/Adequate Protection Payments

 

 

 

 

 

 

Professional Fees

 

325

 

 

 

 

325

 

Amounts Due to Insiders

 

 

 

 

 

 

Total Post-petition Debts

 

$

325

 

$

 

$

 

$

 

$

325

 

 

9



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

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

 

$

 

$

 

$

 

$

 

$

 

 

Note:      Dynegy Roseton, LLC, Dynegy Danskammer, LLC, Dynegy Holdings, LLC, Dynegy Northeast Generation, Inc., and Hudson Power, LLC have no trade related accounts receivable.  The $6.4 million accounts receivable on the DH balance sheet at MOR - 3 relates to taxes receivable.

 

10



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

 

Dynegy Holdings, LLC
10001

 

Hudson Power, LLC
65501

 

 

 

 

 

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

 

Sidley Austin LLP

 

 

 

 

 

8,409,727

 

7,000,000

 

US Trustee Fee

 

 

 

 

 

650

 

325

 

Akin, Gump

 

 

 

 

498,762

 

4,400,792

 

4,321,984

 

 

 

 

 

 

 

 

 

FTI Consulting, Inc.

 

 

 

 

 

434,189

 

521,561

 

TOTAL PAYMENTS TO PROFESSIONALS

 

$

 

$

 

$

650

 

$

325

 

Epiq Bankruptcy Solutions

 

 

 

 

 

 

171,960

 

478,835

 

 

 

 

 

 

 

 

 

 

 

 

 

US Trustee Fee

 

 

 

 

 

23,400

 

20,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Dewey and LeBoeuf LLP [1]

 

 

 

 

 

22,919

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Huff Wilkes LLP [2]

 

 

 

 

 

3,442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

King and Spalding [2]

 

 

 

 

904

 

30,933

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bryan Cave

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blackstone

 

 

 

 

124,279

 

668,902

 

3,054,545

 

 

 

 

 

 

 

 

 

 

 

 

 

Davies Ward [3]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ICF Consulting

 

 

 

 

 

235,701

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kurtzman Carson

 

 

 

 

 

22,945

 

63,509

 

 

 

 

 

 

 

 

 

 

 

 

 

Quinn Emmanuael

 

 

 

 

179,233

 

4,073,924

 

3,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Duff and Phelps

 

 

 

 

 

137,548

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zolfo Cooper

 

 

 

 

33,445

 

472,908

 

537,737

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL PAYMENTS TO PROFESSIONALS

 

$

 

$

836,623

 

$

19,109,290

 

$

18,998,171

 

 

 

 

 

 

 

 

 

 

 

 

 

 


[1]                                          Includes $15,228 payment from Dynegy Holdings on behalf of Dynegy Roseton and Dynegy Danskammer.

[2]                                          Fee paid by Dynegy Holdings on behalf of Dynegy Roseton and Dynegy Danskammer.

[3]                                          The debtors have not received an invoice from the Professional.

Note:                             No payments were made to Insiders from any of the debtor entities in June.

Note:                             None of the debtors have Secured Notes or Leases Payable.

 

11



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

 

Dynegy Roseton, LLC

 

Dynegy Danskammer, LLC

 

65502

 

65503

 

 

 

 

 

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

 

US Trustee Fee

 

 

 

 

 

19,500

 

16,250

 

US Trustee Fee

 

 

 

 

 

23,400

 

13,000

 

Huff Wilkes LLP

 

 

 

 

 

64

 

 

Huff Wilkes LLP

 

 

 

 

 

64

 

 

TOTAL PAYMENTS TO PROFESSIONALS

 

 

 

$

 

$

 

$

19,564

 

$

16,250

 

TOTAL PAYMENTS TO PROFESSIONALS

 

 

 

$

 

$

 

$

23,464

 

$

13,000

 

 

Note:        No payments were made to Insiders from any of the debtor entities in June.

Note:        None of the debtors have Secured Notes or Leases Payable.

 

12



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

 

Dynegy Northeast Generation, Inc.

65500

 

PROFESSIONALS

 

NAME

 

DATE OF
COURT ORDER
AUTHORIZING
PAYMENT

 

AMOUNT
APPROVED

 

AMOUNT
PAID

 

TOTAL
PAID TO
DATE

 

TOTAL
INCURRED
& UNPAID\

 

US Trustee Fee [4]

 

 

 

 

 

21,775

 

4,875

 

King and Spalding

 

 

 

 

3,899

 

9,204

 

 

Dewey and LeBoeuf LLP

 

 

 

 

 

875

 

 

TOTAL PAYMENTS TO PROFESSIONALS

 

 

 

$

 

$

3,899

 

$

31,854

 

$

4,875

 

 


[4]                       Includes $10,400 payment made on behalf of Dynegy Holdings, LLC.

Note:         No payments were made to Insiders from any of the debtor entities in June.

Note:         None of the debtors have Secured Notes or Leases Payable.

 

13



 

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: June 1 - June 30, 2012

 

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

 

 

 

Certain critical vendors have been paid for pre-petition invoices. All payments have been pre-approved through the established process. Post-petition intercompany receivables have been accrued and will be received in the normal course of business since DYPM markets the DNE energy and originally receives the cash before forwarding it to DNE.

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

 

X

 

 

 

Post-petition intercompany receivables have been accrued and will be received in the normal course of business. DYPM markets the DNE energy and originally receives the cash before forwarding it to DNE.

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

 

Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid. Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.

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.

Are any amounts owed to post petition creditors delinquent?

 

 

 

X

 

DH has received invoices for indenture trustee fees which are related to unsecured prepetition debt but which may include postpetition periods. Counsel has recommended that DH not pay these fees in the ordinary course.

Are any wage payments past due?

 

 

 

X

 

 

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

 

X

 

 

 

Loans have been extended under the November 15, 2011 Intercompany DIP facility.

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

 

 

 

Note:     This Questionnaire covers Dynegy Holdings, LLC, Dynegy Northeast Generation, Inc., Dynegy Danskammer, LLC, Dynegy Roseton, LLC, and Hudson Power, LLC.

 

14