File No. 69-140
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-3A-2
STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM
THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
To be filed annually prior to March 1
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
hereby files with the Securities Exchange Commission, pursuant to Rule 2, its
statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935, and submits the following
information:
1. Name, State of organization, location and nature of business of
claimant and every subsidiary thereof, other than any exempt wholesale
generator (EWG) or foreign utility company in which claimant directly or
indirectly holds an interest.
(a) The claimant. Central Illinois Public Service Company (the
"Company") is an Illinois corporation, and has its principal executive office
at 607 East Adams Street, Springfield, Illinois 62739. On April 25, 1990, the
Company shareholders approved a corporate restructuring plan which provided
for the establishment of CIPSCO Incorporated (CIPSCO), a holding company.
After receipt of the final necessary regulatory approval, on October 1, 1990,
CIPSCO became the parent of the Company and shares of the Company's common
stock were converted on a share-for-share basis into common stock of CIPSCO.
The Company provides certain services to CIPSCO for which all costs<PAGE>
incurred are reimbursed to the Company.
CIPSCO and Union Electric Company have entered into an agreement and
plan of merger as described in the Company's Quarterly Report on Form 10-Q for
the quarters ended June 30, 1995 and September 30, 1995.
The Company is a public utility engaged principally in the sale of
electricity which it generates, transmits and distributes in portions of
central and southern Illinois. It also sells natural gas which it purchases
from suppliers and distributes through the system in various parts of the
territory served. During 1995, the Company furnished electric service to
about 321,000 customers in 557 incorporated and unincorporated communities and
adjacent suburban and rural areas, including a number of rural electric
cooperatives to which it sold electric energy at wholesale. The Company also
furnished natural gas services to about 167,000 customers in 267 communities
and adjacent suburban and rural areas. For further information with respect
to the Company, its properties and its business, reference is made to the
Company's Registration Statement, Registration No. 2-61730, Registration No.
33-59674, and the map included therein showing the territory served by the
Company, the Company's Annual Report on Form 10-K for the year ended December
31, 1994, and the Company's Quarterly Reports on Form 10-Q for the quarters
ended March 31, 1995, June 30, 1995 and September 30, 1995, and the papers and
documents descriptive of or relating to the Company on file with the
Commission in Administrative Proceeding File No. 3-1568 (70-4631).
(b) Electric Energy, Inc. The Company owns 20 percent (accounted
for under the equity method) of Electric Energy, Inc. (EEI), which owns a
1,000,000 KW generating station at Joppa, Illinois. The equity investment in
EEI is included on the Company's balance sheet in "Other Assets." For a
description of the organization, business, financing and properties of EEI,
reference is made to the applications and declarations (and the amendments and
exhibits thereto) relating to EEI heretofore filed with the Securities and
Exchange Commission, under the Public Utility Holding Company Act of 1935, by
EEI, the Company and others in File Nos. 70-2540, 70-2647, 70-2973, 70-3095,
70-3120, 70-3595 and 70-3596, and to the findings, opinions and orders of the
Commission with respect thereto.
(c) CIPS Energy, Inc. and Illinois Steam, Inc., are inactive and not
"public utility companies" within the meaning of the Public Utility Holding
Company Act of 1935.
2. A brief description of the properties of claimant and each of its
subsidiary public utility companies used for the generation, transmission and
distribution of electric energy for sale, or for the production, transmission
and distribution of natural or manufactured gas, indicating the location of
principal generating plants, transmission lines, producing fields, gas
manufacturing plants, and electric and gas distribution facilities, including
all such properties which are outside the State in which claimant and its
subsidiaries are organized and all transmission or pipelines which deliver or
receive electric energy or gas at the borders of such State.
(a) The Company is engaged principally in the sale of electricity
which it generates, transmits and distributes in portions of central and
southern Illinois. The Company furnished electric service to about 321,000
customers in 557 incorporated and unincorporated communities and adjacent
suburban and rural areas, including a number of rural electric cooperatives to
which it sold electric energy at wholesale.
At December 31, 1995, the Company owned and regularly operated five
steam electric generating stations as follows:<PAGE>
Generating Station MW Capacity
Newton Newton, Illinois 1,110
Coffeen Coffeen, Illinois 885
Meredosia Meredosia, Illinois 507
Grand Tower Grand Tower, Illinois 186
Hutsonville Hutsonville, Illinois 156
At that date, the Company also owned about 13,035 pole miles of
overhead electric lines and 941 miles of underground electric lines. This
transmission system is located at the hub of 12 major utility systems joined
by interconnections at various locations. The major electric interconnections
are as follows:
Interconnections
Commonwealth Edison Co. 2
Northern Indiana Public Service Co. 1
AEP (Indiana and Michigan Electric) 1
CINergy Corp. 2
Southern Illinois Power Cooperative 2
Illinois Power 23
Tennessee Valley Authority (owned with Illinois Power)
Electric Energy, Inc. 3
Kentucky Utilities (owned with Electric Energy, Inc.)
Union Electric Co. 5
Central Illinois Light Co. 1
Springfield City Water, Light & Power 1
The Company also sells natural gas which it purchased from suppliers
and distributed through the system in various parts of Illinois. The Company
furnished natural gas services to about 167,000 customers in 267 communities
and adjacent suburban and rural areas.
At December 31, 1995, the Company owned a propane-air gas plant at
Quincy, Illinois and five underground gas storage facilities at Ashmore,
Sciota North, Belle Gent, Johnson City and Richwood, Illinois. The Company
also leased other underground gas storage facilities from Texas Eastern
Transmission Corporation, Panhandle Eastern Pipeline Company, Natural Gas
Pipeline Company of America, Texas Gas Transmission Company, Trunkline Gas
Company and Eastex Gas Storage and Exchange Inc.
The underground gas storage facilities and the propane-air gas plant
are used by the Company to supplement the available supply of natural gas
during periods of high demands.
At December 31, 1995, the Company also owned about 1,365 miles of
natural gas transmission mains and 3,186 miles of natural gas distribution
mains. The Company is served by six interstate pipeline companies, Panhandle
Eastern Pipeline Company (Panhandle), Texas Eastern Transmission Company
(Texas Eastern), Texas Gas Transmission Company (Texas Gas), Natural Gas
Pipeline Company of America (Natural), Trunkline Gas Transmission Company
(Trunkline), and Midwestern Gas Transmission Company (Midwestern). The major
gas inter-connections are as follows:
Interconnections
Panhandle 18
Texas Eastern 3
Texas Gas 6
Natural 7
Trunkline 9
Midwestern 3
The Company owns no properties located outside the State of
Illinois. For further information with respect to the Company, its principal
electric generating stations and transmission lines and its electric and gas
distribution facilities, reference is made to the Company's registration
statement, reports and map and the papers and documents referred to in the
answer to Item 1 above.
(b) Reference is made to Paragraph (b) under Item 1 above and the
filings with the Securities and Exchange Commission referred to therein for a
description of the properties of EEI.
3. The following information for the last calendar year with respect to
claimant and each of its subsidiary public utility companies:
(a) Number of kwh. of electric energy sold (at retail or wholesale),
and Mcf. of natural or manufactured gas distributed at retail.
(b) Number of kwh. of electric energy and Mcf. of natural or
manufactured gas distributed at retail outside the State in which each company
is organized.
(c) Number of kwh. of electric energy and Mcf. of natural or
manufactured gas sold at wholesale outside the State in which each such
company is organized, or at the State line.
(d) Number of kwh. of electric energy and Mcf. of natural or
manufactured gas purchased outside the State in which each such company is
organized, or at the State line.
The information required by this item with respect to sales and
purchases of electric energy is set forth in Exhibit D hereto. In the
calendar year 1995, the Company distributed at retail 226,743,739 therms of
gas, all within the state of Illinois. The Company does not distribute at
retail any gas outside the state of Illinois, and does not sell at wholesale
any gas outside the state of Illinois or at the State line. The Company,
during 1995, purchased 21,221,008 Mcf. of natural gas outside the state of
Illinois.
EEI does not engage in the business of selling or distributing gas.
4. The following information for the reporting period with respect to
claimant and each interest it holds directly or indirectly in an EWG or a
foreign utility company, stating monetary amounts in United States dollars:
(a) Name, location, business address and description of the
facilities used by the EWG or foreign utility company for the generation,
transmission and distribution of electric energy for sale or for the
distribution at retail of natural or manufactured gas.
(b) Name of each system company that holds an interest in such EWG
or foreign utility company; and description of the interest held.
(c) Type and amount of capital invested, directly or indirectly, by
the holding company claiming exemption; any direct or indirect guarantee of
the security of the EWG or foreign utility company by the holding company
claiming exemption; and any debt or other financial obligation for which there
is recourse, directly or indirectly, to the holding company claiming exemption
or another system company, other than the EWG or foreign utility company.
(d) Capitalization and earnings of the EWG or foreign utility
company during the reporting period.
(e) Identify any service, sales or construction contract(s) between
the EWG or foreign utility company and a system company, and describe the
services to be rendered or goods sold and fees or revenues under such
agreement(s).
The Company does not hold, directly or indirectly, an interest in an
EWG or a foreign utility company.
* * * * *<PAGE>
On the basis of the foregoing, the Company is entitled to exemption
as a holding company pursuant to Paragraphs (1) and (2) of Section 3(a) of the
Public Utility Holding Company Act of 1935 and Paragraphs (a)(1) and (a)(2) of
Rule 2 of the Commission promulgated under said Act. Reference is made to the
exhibits filed herewith. In 1995, the Company received dividends from EEI
amounting to $2,278,725.60.
In making and filing this statement, the Company specifically
reserves the right to apply at any time to the Securities and Exchange
Commission (a) pursuant to Section 2(a)(7) of the Public Utility Holding
Company Act of 1935, for an order declaring that it is not a holding company
under clause (A) of said section by reason of its investment in Electric
Energy, Inc. and/or (b) for an order exempting it from the provisions of the
Public Utility Holding Company Act of 1935 pursuant to Section 3(a) or any
other provision of said Act or of any rule or regulation of the Commission
thereunder. Neither the making and filing of this statement nor anything
contained herein shall constitute or be construed to be an admission that the
Company is not entitled to any such order.<PAGE>
LIST OF EXHIBITS
________________
Exhibit A-1 Balance Sheet of the Company as of December 31, 1995.
Exhibit A-2 Statement of Income of the Company for the year ended December
31, 1995.
Exhibit A-3 Statement of Retained Earnings of the Company for the year ended
December 31, 1995.
Exhibit A-4 Balance Sheet of Electric Energy, Inc. as of December 31, 1995.*
Exhibit A-5 Statement of Income of Electric Energy, Inc. for the year ended
December 31, 1995.*
Exhibit A-6 Statement of Retained Earnings of Electric Energy, Inc. for the
year ended December 31, 1995.*
Exhibit B Financial Data Schedule of the Company for the year ended
December 31, 1995.
Exhibit C Not applicable.
Exhibit D Statement showing sales and purchases of electric energy by the
Company and Electric Energy, Inc. for the year ended December 31,
1995.
*As furnished by Electric Energy, Inc., but unaudited.
The above-named claimant has caused this statement to be duly
executed on its behalf by its authorized officers on this 28th day of
February, 1996.
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
By W. A. Koertner
____________________________________
Vice President and Secretary
(Corporate Seal)
Attest:
C. D. Nelson
_______________________
Assistant Secretary
* * * * *<PAGE>
Names, titles and addresses of officers to whom notices and correspondence
concerning this statement should be addressed:
W. A. Koertner, Vice President and Secretary
Central Illinois Public Service Company
607 East Adams Street
Springfield, Illinois 62739
C. L. Greenwalt, President and Chief Executive Officer
Central Illinois Public Service Company
607 East Adams Street
Springfield, Illinois 62739
<PAGE>
Exhibit A-1
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
Assets
Utility Plant, at original cost:
Electric $2,296,402
Gas 229,118
_________
Less - Accumulated depreciation 2,525,520
1,132,355
_________
1,393,165
Construction work in progress 72,490
_________
1,465,655
_________
Current Assets:
Cash 1,006
Accounts receivable, net 65,574
Accrued unbilled revenues 27,234
Materials and supplies, at average cost 40,246
Fuel for electric generation, at average cost 42,634
Gas stored underground, at average cost 9,774
Prepayments 10,268
Other current assets 8,226
_________
204,962
_________
Other Assets 44,188
_________
$1,714,805
=========
Capitalization and Liabilities
Capitalization:
Common shareholder's equity:
Common stock, 25,452,373 shares outstanding $ 121,282
Retained earnings 449,137
_________
570,419
Preferred stock 80,000
Long-term debt 478,926
_________
1,129,345
_________
<PAGE>
Current Liabilities:
Short-term borrowings 47,921
Accounts payable 60,791
Accrued wages 9,320
Accrued taxes 11,155
Accrued interest 9,525
Other 33,264
_________
171,976
_________
Deferred Credits:
Accumulated deferred income taxes 293,127
Investment tax credits 52,234
Regulatory liabilities, net 68,123
_________
413,484
_________
$1,714,805
=========
<PAGE>
Exhibit A-2
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
Operating Revenues:
Electric $ 703,509
Gas 129,610
_________
Total operating revenues 833,119
_________
Operating Expenses:
Fuel for electric generation 188,731
Purchased power 59,495
Gas costs 74,054
Other operation 154,014
Maintenance 67,994
Depreciation and amortization 82,672
Taxes other than income taxes 56,588
Income taxes 43,542
_________
Total operating expenses 727,090
_________
Operating Income 106,029
_________
Other Income and Deductions:
Allowance for equity funds used during construction 889
Nonoperating income taxes (941)
Miscellaneous, net (1,695)
_________
Total other income and deductions (1,747)
_________
Income Before Interest Charges 104,282
_________
Interest Charges:
Interest on long-term debt 32,871
Other interest charges 853
Allowance for borrowed funds used during construction (73)
_________
Total interest charges 33,651
_________
Net Income 70,631
Preferred Stock Dividends 3,850
_________
Earnings for Common Stock $ 66,781
=========<PAGE>
Exhibit A-3
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
Balance, beginning of year $ 453,463
Add (deduct):
Net income 70,631
Dividends:
Preferred stock (3,850)
Common stock (71,000)
Other (107)
_________
Balance, end of year $ 449,137
=========
<PAGE>
Exhibit A-4
ELECTRIC ENERGY, INC.
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
Assets
Property, Plant and Equipment:
In service $ 340,745
Construction work in progress 1,177
_________
341,922
Less - Accumulated provision for depreciation and
amortization 232,298
_________
109,624
_________
Current Assets:
Cash 185
Accounts receivable 24,102
Fuel stock, at average cost 8,577
Material and supplies, at average cost 5,948
Prepayments 735
_________
39,547
_________
Other Assets 22,808
_________
$ 171,979
=========
Capitalization and Liabilities
Stockholders' Equity:
Common stock, 62,000 shares outstanding $ 6,200
Retained earnings 2,634
_________
8,834
Long-term debt 130,000
_________
138,834
_________
Current Liabilities:
Bank loans 10,000
Accounts payable 15,092
Accrued taxes (896)
Accrued interest 527
Dividend declared 2,572
_________
27,295
_________<PAGE>
Other Liabilities 5,850
_________
$ 171,979
=========<PAGE>
Exhibit A-5
ELECTRIC ENERGY, INC.
CONSOLIDATED STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
Operating Revenues:
Sales to Department of Energy $ 160,116
Sales to Sponsoring Companies 63,629
Other 68
_________
Total operating revenues 223,813
_________
Operating Expenses:
Cost of fuel 78,304
Purchased power 61,520
Operation 19,133
Maintenance 17,941
Depreciation and amortization 15,427
Taxes other than income taxes 1,912
Income taxes 7,729
_________
Total operating expenses 201,966
_________
Operating Income 21,847
_________
Other (Income) and Expense:
Interest income (106)
Interest expense 10,316
Miscellaneous, net 243
_________
Total other (income) and expense 10,453
_________
Net Income $ 11,394
=========
<PAGE>
Exhibit A-6
ELECTRIC ENERGY, INC.
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
Balance, beginning of year $ 2,634
Dividends declared (11,394)
Net income for year 11,394
_________
Balance, end of year $ 2,634
=========<PAGE>
Exhibit B
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
FINANCIAL DATA SCHEDULE
FOR THE YEAR ENDED DECEMBER 31, 1995
Item No. Description Amount
________ ___________ ______
(in thousands)
1 Total Assets $1,714,805
2 Total Operating Revenues $ 833,119
3 Net Income $ 70,631
<PAGE>
Exhibit D
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
SALES AND PURCHASES OF ELECTRIC ENERGY
FOR THE YEAR ENDED DECEMBER 31, 1995
Central Illinois
Public Service Electric
Company(a) Energy, Inc.(a)
________________ _______________
Kwh. sold (at retail or wholesale) 8,750,429,235 12,011,000,159
Kwh. distributed at retail outside
of State in which organized none 8,977,094,159 (b)
Kwh. sold at wholesale outside of
State in which organized or at
State line none (c)
Kwh. purchased outside of State in
which organized or at State line none none
(a) Exclusive of interchange power.
(b) Represents energy sold to the Paducah, Kentucky, Department of Energy
facility operated by the United States Enrichment Corporation.
(c) Central Illinois Public Service Company is advised that in 1995 Electric
Energy, Inc. (EEI) sold to Kentucky Utilities Company 1,536,874,000
kilowatthours of energy manufactured at the Joppa, Illinois, plant of
EEI and transmitted over EEI lines to a point at the Paducah,
Kentucky, gaseous diffusion plant.
