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                              PIKE HOLDINGS, INC.

                       Registration Statement on Form S-1
                             (File No. 333-124117)

                _______________________________________________

           Supplemental Material (P-1) in response to the SEC Comment
                           Letter dated July 23, 2004

<PAGE>

                               PIKE HOLDINGS, INC.
                       REGISTRATION STATEMENT ON FORM S-1
                             (FILE NO. 333-124117)

                            SUPPLEMENTAL MATERIAL P-1

<TABLE>
<CAPTION>
                               STATEMENT                                 PAGE          SEC COMMENT            TAB
                               ---------                                 ----          -----------            ---
<S>                                                                      <C>           <C>                    <C>
Based on data from Edison Electric Institute, distribution spending        1                3                  3
represented $11.4 billion of the $15.5 billion of total spending by
investor owned utilities on electric distribution and transmission in
2003.

The electric power market in the United States is an over $250 billion    51                3                  1
industry...

... with electricity consumption having grown at an average compound      51                3                  2
annual growth rate, or CAGR, of 2.5% from 1975 to 2004, according to
the Energy Information Administration, or EIA.

Second, we believe distribution and sub-500 kV transmission work is a     52                6                  3
highly attractive area because demand for these services is relatively
stable.

In addition, electricity consumption is expected to continue to           52                3                  4
increase by an additional 43% between 2005 and 2025 according to the
EIA.

The southeastern and south central regions of the United States, which     2                6                  5
form the largest part of our market, have exhibited greater population    55
growth than the rest of the country, driving both increased investment    57
in the distribution and transmission infrastructure and the related
increase in maintenance requirements.

...electricity consumption, which, according to the EIA, has nearly       53                6                  2
doubled since 1975.

We are one of the largest third-party providers of outsourced electric     1                3                  6
distribution and transmission services in the United States.              54
                                                                          55

Moreover, expenditures on distribution are generally more stable than      1                6                  3
those for heavy transmission infrastructure, which tend to be             54
characterized by large, one-time projects.

From 1990 through 2003, for example, electricity consumption in the       56                6                  2
United States as a whole increased 29% according to the EIA...

... while electricity consumption in our geographical market increased    56                6                  7
34%.

Throughout our market, we are a leading provider of emergency services     2                3                  8
for storm restoration.                                                    56

... expenditures on distribution are significantly greater and are        57                6                  3
generally more stable than those for transmission, and the
transmission services that we provide typically tend to be more
recurring than those for heavy transmission infrastructure due to the
necessary maintenance and service requirements of sub-500 kV
transmission lines.
</TABLE>

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                                     [TAB 1]

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                                                              DOE/EIA-0348(2003)

                           ELECTRIC POWER ANNUAL 2003

                                  December 2004

                        Energy Information Administration
              Office of Coal, Nuclear, Electric and Alternate Fuels
                            U.S. Department of Energy
                              Washington, DC 20585

                  This report is only available on the Web at:
            http://www.eia.doe.gov/cneaf/electricity/epa/epa_sum.html

THIS REPORT WAS PREPARED BY THE ENERGY INFORMATION ADMINISTRATION, THE
INDEPENDENT STATISTICAL AND ANALYTICAL AGENCY WITHIN THE U.S. DEPARTMENT OF
ENERGY. THE INFORMATION CONTAINED HEREIN SHOULD BE ATTRIBUTED TO THE ENERGY
INFORMATION ADMINISTRATION AND SHOULD NOT BE CONSTRUED AS ADVOCATING OR
REFLECTING ANY POLICY OF THE DEPARTMENT OF ENERGY OR ANY OTHER ORGANIZATION.

ii          Energy Information Administration/Electric Power Annual 2003

<PAGE>

                                    CONTACTS

Questions regarding this report may be directed to:
      Energy Information Administration, EI-53
      Electric Power Division
      U.S. Department of Energy
      1000 Independence Avenue, S.W.
      Washington, D.C. 20585-0650

Questions of a general nature should be directed to:
      Robert Schnapp (202/287-1787)
      Director, Electric Power Division
         e-mail: robert.schnapp@eia.doe.gov

Contributions to this report were provided by the following employees of the
Electric Power Division (fax number 202/287-1946):

Publication Coordinator:
      John W. Makens (202/287-1749)
         e-mail: john.makens@eia.doe.gov;

Team Leader Coordinators:
      Stan Kaplan (202/287-1803)
      Generation and Capacity Team
         e-mail: stan.kaplan@eia.doe.gov;

      Thomas Schmitz (202/287-1919)
      Annual Team
         e-mail: thomas.schmitz@eia.doe.gov;

      Dean Fennell (202/287-1744)
      Monthly Team
         e-mail: dean.fennell@eia.doe.gov;

Generation
      Melvin E. Johnson (202/287-1754)
         e-mail: melvin.johnson@eia.doe.gov;
      Channele Wirman (202/287-1928)
         e-mail: channele.wirman@eia.doe.gov;
      Orhan Yildiz (202/287-1586)
         e-mail: orhan.yildiz@eia.doe.gov;

Capacity
      Kenneth McClevey (202/287-1732)
         e-mail: kenneth.mcclevey@eia.doe.gov;
      Glenn McGrath (202/287-1745)
         e-mail: glenn.mcgrath@eia.doe.gov;

Demand, Capacity Resources, and Capacity Margins
      John Makens (202/287-1749)
         e-mail: john.makens@eia.doe.gov;

Fuel
      Melvin E. Johnson (202/287-1754)
         e-mail: melvin.johnson@eia.doe.gov;
      Stephen R. Scott (202/287-1737)
         e-mail: stephen.scott@eia.doe.gov;
      Rebecca A. McNerney (202/287-1913)
         e-mail: rebecca.mcnerney@eia.doe.gov;
      Channele Wirman (202/287-1928)
         e-mail: channele.wirman@eia.doe.gov;
      Orhan Yildiz (202/287-1586)
         e-mail: orhan.yildiz@eia.doe.gov;

Emissions
      Natalie Ko (202/287-1957)
         e-mail: natalie.ko@eia.doe.gov;
      Kevin G. Lillis (202/287-1757)
         e-mail: kevin.lillis@eia.doe.gov;

Trade
      Rodney Dunn (202/287-1676)
         e-mail: rodney.dunn@eia.doe.gov;
      Thomas J. Leckey (202/287-1840)
         e-mail: thomas.leckey@eia.doe.gov;

Retail Customers, Sales, and Revenue
      Rodney Dunn (202/287-1676)
         e-mail: rodney.dunn@eia.doe.gov;
      Thomas J. Leckey (202/287-1840)
         e-mail: thomas.leckey@eia.doe.gov;

Revenue and Expense Statistics
      Karen McDaniel (202/287-1754)
         e-mail: karen.mcdaniel@eia.doe.gov;
      Thomas J. Leckey (202/287-1840)
         e-mail: thomas.leckey@eia.doe.gov;

Demand-Side Management
      Rodney Dunn (202/287-1676)
         e-mail: rodney.dunn@eia.doe.gov;
      Thomas J. Leckey (202/287-1840)
         e-mail: thomas.leckey@eia.doe.gov.

                                     QUALITY

The Energy Information Administration is committed to quality products and
quality service. To ensure that this report meets the highest standards for
quality, please forward your comments or suggestions about this publication to
Robert Schnapp at 202/287-1787, or Internet e-mail: robert.schnapp@eia.doe.gov.

For general inquiries about energy data, please contact the National Energy
Information Center at 202/586-8800. Internet users may contact the center at:
infoctr@eia.doe.gov.

        Energy Information Administration/Electric Power Annual 2003         iii

<PAGE>

                                     PREFACE

The Electric Power Annual 2003 presents a summary of electric power industry
statistics at the national level. The objective of the publication is to provide
industry decision-makers, government policymakers, analysts, and the general
public with historical data that may be used in understanding U.S. electricity
markets. The Electric Power Annual is prepared by the Electric Power Division;
Office of Coal, Nuclear, Electric and Alternate Fuels; Energy Information
Administration (EIA); U.S. Department of Energy.

In the private sector, the majority of the users of the Electric Power Annual
are researchers, analysts, and individuals with policymaking and decision-making
responsibilities in electricity companies or other energy concerns. Other users
include financial and investment institutions, economic development
organizations, special interest groups, lobbyists, electric power associations,
and the news media.

In the public sector, users include the U.S. Congress, Federal government
agencies, State governments and public service commissions, and local
governments. Data in this report can be used in analytic studies to evaluate new
legislation and are used by analysts, researchers, statisticians, and other
professionals with regulatory, policy, and program responsibilities for Federal,
State, and local governments.

The Electric Power Annual presents an overview of the electric power industry in
the United States and a summary of the key statistics for the reporting year.
The chapters present information and data in each specific area: electricity
generation; electric generating capacity; demand, capacity resources, and
capacity margins; fuel, consumption and receipts; emissions; electricity trade;
retail electric customers, sales, revenue and average retail price; electric
utility revenue and expense statistics; and demand-side management. Monetary
values in this publication are expressed in nominal terms.

Data published in the Electric Power Annual are compiled from five surveys
performed by other government organizations and seven surveys completed annually
or monthly by electric utilities and other electric power producers and
submitted to the EIA. The EIA forms are described in detail in the "Technical
Notes."

iv         Energy Information Administration/Electric Power Annual 2003

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                                    CONTENTS

<TABLE>
<S>                                                                             <C>
Electric Power Industry 2003: Year in Review................................     1

Chapter 1. Generation and Useful Thermal Output.............................     7

Chapter 2. Capacity.........................................................    12

Chapter 3. Demand, Capacity Resources, and Capacity Margins.................    18

Chapter 4. Fuel.............................................................    23

Chapter 5. Emissions........................................................    32

Chapter 6. Trade............................................................    34

Chapter 7. Retail Customers, Sales, and Revenue.............................    36

Chapter 8. Revenue and Expense Statistics...................................    48

Chapter 9. Demand-Side Management...........................................    52

Appendices
   A.      Technical Notes..................................................    58

   B.      Unregulated Retail Sales - Adjustments to the Data for 2003......    75

Glossary....................................................................    79
</TABLE>

         Energy Information Administration/Electric Power Annual 2003          v

<PAGE>

TABLES

<TABLE>
                                                                                                                              PAGES
<S>                                                                                                                           <C>
Table ES.      Summary Statistics for the United States, 1992 through 2003..................................................     4

CHAPTER 1. GENERATION AND USEFUL THERMAL OUTPUT.............................................................................     7
Table 1.1.     Net Generation by Energy Source by Type of Producer, 1992 through 2003.......................................     8
Table 1.2.     Useful Thermal Output by Energy Source by Combined Heat and Power Producers, 1992 through 2003...............    11

CHAPTER 2. CAPACITY.........................................................................................................    12
Table 2.1.     Existing Net Summer Capacity by Energy Source and Producer Type, 1992 through 2003...........................    13
Table 2.2.     Existing Capacity by Energy Source, 2003.....................................................................    15
Table 2.3.     Existing Capacity by Producer Type, 2003.....................................................................    15
Table 2.4.     Planned Nameplate Capacity Additions from New Generators, by Energy Source, 2004 through 2008................    15
Table 2.5.     Planned Capacity Additions from New Generators, by Energy Source, 2004-2008..................................    16
Table 2.6.     Capacity Additions, Retirements and Changes by Energy Source, 2003...........................................    17

CHAPTER 3. DEMAND, CAPACITY RESOURCES, AND CAPACITY MARGINS.................................................................    18
Table 3.1.     Noncoincident Peak Load, Actual and Projected by North American Electric Reliability Council Region,
               1999 through 2008............................................................................................    19
Table 3.2.     Net Internal Demand, Capacity Resources, and Capacity Margins by North American Electric Reliability
               Council Region, Summer, 1992 through 2003....................................................................    20
Table 3.3.     Net Internal Demand, Actual or Planned Capacity Resources, and Capacity Margins by North American
               Electric Reliability Council Region, Summer, 2003 through 2008...............................................    21
Table 3.4.     Net Internal Demand, Actual or Planned Capacity Resources, and Capacity Margins by North American
               Electric Reliability Council Region, Winter, 2003 through 2008...............................................    22

CHAPTER 4. FUEL.............................................................................................................    23
Table 4.1.     Consumption of Fossil Fuels for Electricity Generation by Type of Power Producer, 1992 through 2003..........    24
Table 4.2.     Consumption of Fossil Fuels for Useful Thermal Output by Type of Combined Heat and Power Producers,
               1992 through 2003............................................................................................    26
Table 4.3.     Consumption of Fossil Fuels for Electricity Generation and for Useful Thermal Output, 1992 through 2003......    27
Table 4.4.     End-of-Year Stocks of Coal and Petroleum by Type of Producer, 1992 through 2003..............................    28
Table 4.5.     Receipts, Average Cost, and Quality of Fossil Fuels for the Electric Power Industry, 1992 through 2003.......    29
Table 4.6.     Receipts and Quality of Coal Delivered