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Previous: COLGATE PALMOLIVE CO, 424B3, 1994-05-20 |
Next: COLUMBIA GAS SYSTEM INC, 35-CERT, 1994-05-20 |
<PAGE> 1
May 12, 1994
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
Interim Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
Columbia Energy Services Corporation
20 Montchanin Road
Wilmington, DE 19807
File No. 70-8145
Gentlemen:
In compliance with the terms and conditions of Rule 24 under the
Public Utility Holding Company Act of 1935, and the Order of the Commission
dated April 22, 1993, authorizing the financing transactions and business
activities as more fully described in the Joint Application/Declaration, as
amended (the "Application"), the undersigned hereby certifies to the Commission
that the income statement and balance sheet filed with this interim report
reflect the results of operations of columbia Energy Services, Inc. (CES) for
the calendar quarter from January 1, 1994 through March 31, 1994. Also
included in this quarterly interim report is a schedule describing the Futures
Hedging Program activities during the period, including price and volume data.
Very truly yours,
COLUMBIA ENERGY SERVICES CORPORATION
By: /S/ L. J. BAINTER
L. J. Bainter
Vice President
<PAGE> 2
<TABLE>
<CAPTION>
SELECTED FINANCIAL DATA
-----------------------
($000)
CES
-----------
CAPITALIZATION
As of March 31, 1994
---------------------------------------------
<S> <C>
Common Stock Equity
Common Stock .............................. 4,172
Additional Paid in Capital ................ 1,361
Retained Earnings ......................... 6,468
Unearned Employee Compensation ............ 0
-----------
Total Common Stock Equity ................... 12,001
-----------
Long-Term Debt
Existing Notes and Other Long-Term Debt ... 0
Additional Installment Notes .............. 0
-----------
Total Long-Term Debt ........................ 0
-----------
TOTAL CAPITALIZATION ........................ 12,001
===========
CONDENSED INCOME STATEMENT
Three Months Ended March 31, 1994
---------------------------------------------
Operating Income ............................ 807
-----------
Other Income (Deductions)
Interest Income and Other, net ............ 32
Interest Expense and Related Charges ...... 175
-----------
Total Other Income (Deductions) ............. 207
-----------
Income before Income Taxes .................. 1,014
Income Taxes ................................ 345
-----------
NET INCOME .................................. 669
===========
</TABLE>
<PAGE> 3
COLUMBIA ENERGY SERVICES
FUTURES HEDGING PROGRAM
NET ACTIVITY
AS OF MARCH 31, 1994
<TABLE>
<CAPTION>
PROD NET CONTRACTS CONTRACTS DEFERRED REALIZED TOTAL
MONTH POSITION OPEN CLOSED GAIN GAIN GAIN
- ------ -------- --------- --------- --------- --------- ---------
$ $ $
<S> <C> <C> <C> <C> <C> <C>
1993 0 0 457 0 41,810 41,810
9401 0 0 173 0 (7,020) (7,020)
9402 0 0 208 0 294,480 294,480
9403 0 0 297 0 353,470 353,470
9404 0 0 283 0 (38,130) (38,130)
9405 62 62 39 49,110 14,340 63,450
9406 43 43 41 47,580 6,370 53,950
9407 27 27 38 31,140 18,930 50,070
9408 26 26 35 24,510 17,780 42,290
9409 39 39 27 21,120 17,000 38,120
9410 27 27 24 14,500 30,100 44,600
9411 35 35 55 14,550 13,650 28,200
9412 31 31 6 1,800 5,530 7,330
9501 6 6 6 (930) 1,100 170
9502 7 7 4 (2,780) (1,370) (4,150)
9503 7 7 3 (800) 9,450 8,650
TOTAL 310 310 1,239 $199,800 $735,680 $935,480
</TABLE>
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