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Previous: COLUMBIA GAS SYSTEM INC, 35-CERT, 1994-05-11 |
Next: TEXAS NEW MEXICO POWER CO, 10-Q, 1994-05-11 |
<PAGE> 1
(THE COLUMBIA GAS SYSTEM, INC. LETTERHEAD)
April 29, 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
The Columbia Gas System, Inc. ("Columbia") et al.
The Individual Applicant-Declarants
are Listed on the Signature Page
File No. 70-8219
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 September 29, 1993 authorizing the financing transactions as more fully
described in the Joint Application/Declaration, as amended (the "Application"),
the undersigned hereby certify to the Commission that, during the calendar
quarter from January 1, 1994 through March 31, 1994 the Subsidiaries sold and
Columbia purchased Common Stock and Installment Promissory Notes and/or
Mortgage Bonds and the Subsidiaries received short-term funds in the form of
Open Account Advances and/or inventory financing from Columbia and/or through
Intrasystem Money Pool Advances, and the Subsidiaries made funds available to
the Intrasystem Money Pool as follows:
<PAGE> 2
Subsidiary Financing
($000)
<TABLE>
<CAPTION>
Aggregate Amount Maximum Amount
Under Application During Quarter
----------------------------- -------------------------------------
Installment Intrasystem
Common Long-Term Short-Term Money Pool
Company Stock Debt Debt Deposits
- ------------ ------ --------- ---------- -----------
$000 $000 $000 $000
<S> <C> <C> <C> <C>
CKY ........ * ** 1,388 17,660
COH ........ * ** 82,604 36,287
CMD ........ * 3,300 -0- 4,513
CPA ........ * ** 36,414 11,976
CNR ........ * -0- -0- 12,091
CGT ........ * -0- -0- 15,649
CGD ........ * -0- 14,919 9,556
CS ........ * -0- 2,982 12,017
CPI ........ * -0- 2,600 488
CLG ........ * * 26,700 3,559
CPC ........ * -0- 1,008 222
CES ........ * * -0- 21,498
CGC ........ * 500 6,750 -0-
CAT ........ * * * 692
TVC ........ * * * 6,162
TCC ........ * * * 38
</TABLE>
- ---------------
* Authorization for such financing not requested in Application
** Reported via Form U-6B-2 pursuant to Rule 52.
*** Requested 1.6MM of financing expected to be taken in the form of
a contribution of capital.
<PAGE> 3
SELECTED FINANCIAL DATA
($000)
<TABLE>
<CAPTION>
CGD CGC
--------------------------
CAPITALIZATION
As of March 31, 1994
- ---------------------------------------------
<S> <C> <C>
Common Stock Equity
Common Stock .......................... 141,912 48,475
Additional Paid in Capital............. 27,550 -0-
Retained Earnings...................... (128,041) (53,114)
Unearned Employee Compensation......... -0- -0-
-------- --------
Total Common Stock Equity ............... 41,421 (4,639)
-------- -------
Long-Term Debt
Existing Notes and Other Long-Term Debt . 111,426 14,372
Additional Installment Notes........... -0- -0-
-------- --------
Total Long-Term Debt..................... 111,426 14,372
-------- -------
TOTAL CAPITALIZATION..................... 152,847 9,733
-------- -------
-------- -------
CONSENSED INCOME STATEMENT
Three Months Ended March 31, 1994
- ----------------------------------------------
Operating Income (Loss).................. 841 587
-------- -------
Other Income (Deduction)
Interest Income and Other, net......... 633 216
Interest Expense and Related Charges... (2,273) (688)
-------- -------
Total Other Income (Deductions) ......... (1,640) (472)
-------- -------
Income (Loss) before Income Taxes and
Cumulative Effect of Accounting Change. (799) 115
Income Taxes ............................ (269) 40
-------- -------
Income (Loss) before Accounting Change .. (530) 75
Cumulative Effect of Change in Accounting
for Postemployment Benefits............ (183) -0-
-------- -------
NET INCOME (LOSS) ....................... (713) 75
-------- -------
-------- -------
</TABLE>
<PAGE> 4
The undersigned further certifies that the above-mentioned financing
transactions were carried out in accordance with the terms and conditions of,
and for the purposes represented by, the Application, and the Order of the
Commission with respect thereto.
Very truly yours,
THE COLUMBIA GAS SYSTEM, INC.
By:/s/ L. J. BAINTER
-------------------------
L. J. Bainter
Treasurer
COLUMBIA GAS OF OHIO, INC. (COH)
COLUMBIA GAS OF PENNSYLVANIA, INC. (CPA)
COLUMBIA GAS OF KENTUCKY, INC. (CKY)
COLUMBIA GAS OF MARYLAND, INC. (CMD)
COLUMBIA GULF TRANSMISSION COMPANY (CGT)
COLUMBIA GAS DEVELOPMENT CORPORATION (CGD)
COMMONWEALTH PROPANE, INC. (CPI)
COLUMBIA GAS SYSTEM SERVICE CORPORATION (CS)
COLUMBIA NATURAL RESOURCES, INC. (CNR)
TRISTAR VENTURES CORPORATION (TVC)
COLUMBIA ATLANTIC TRADING CORPORATION (CAT)
COLUMBIA LNG CORPORATION (CLG)
COLUMBIA PROPANE CORPORATION (CPC)
COLUMBIA COAL GASIFICATION CORPORATION (CGC)
COLUMBIA ENERGY SERVICES CORP. (CES)
TRISTAR CAPITAL CORPORATION (TCC)
By:/s/ L. J. BAINTER
------------------------------
L. J. Bainter
Vice President
Attachment
<PAGE> 5
File No. 40-364
SECURITIES AND EXCHANGE COMMISSION
FORM U-6B-2
CERTIFICATE OF NOTIFICATION
THE COLUMBIA GAS SYSTEM, INC., AND SUBSIDIARIES
April 29, 1994
This certificate is notice that the above named company has issued,
renewed or guaranteed the security or securities described herein which issue,
renewal or guaranty was exempted from the provisions of Section 6(a) of the
Act.
1. Type of Securities - See Schedule 1.
2. Issue, renewal or guaranty - Common Stock and Installment Promissory Notes
are new issues. Short-Term Debt represents cash advances, as required from
time to time for working capital and Intrasystem Money Pool represents book
entry investments of temporary excess cash.
3. Principal amount - See Schedule 1.
4. Rate of interest - See Schedule 1.
5. Date of issue renewal or guaranty - as indicated on Schedule 1.
6. Non-Applicable
7. Date of maturity - See Schedule 1.
8. Issued to - The Columbia Gas System, Inc.
9. Collateral given with each Security - Non Applicable.
10. Consideration received was the principal amount for the Notes and par value
for Stock.
11. Application of Proceeds - General corporate funds for use in ordinary
course of business.
12. Issue, renewal or guaranty exempt under (c) Rule 52
13. Non Applicable.
<PAGE> 6
14. Non-Applicable.
15. Exempt from provisions of Section 6(a) under Rule 52.
Columbia Gas of Kentucky, Inc.
Columbia Gas of Ohio, Inc.
Columbia Gas of Pennsylvania, Inc.
Commonwealth Gas Services, Inc.
By:/s/ L. J. BAINTER
-----------------------------------
L. J. Bainter
Vice President
<PAGE> 7
Form U-6B-2
Schedule 1
The Columbia Gas System, Inc., and Subsidiaries
Quarter Ended March 31, 1994
<TABLE>
<CAPTION>
Aggregate Amount Maximum Amount
Issued Under Outstanding
Exemption During Quarter
-------------------------------------- -----------------------------------
Installment
Common Promissory Short-Term Intrasystem
Company Stock Notes Debt Money Pool
------- ------ ----------- ---------- -------------
$000 $000 $000 $000
<S> <C> <C> <C> <C>
CKY -0- 9,400 ** **
COH -0- 43,800 ** **
CPA -0- -0- ** **
COS -0- 25,200* 6,899 9,584
</TABLE>
---------------
* Interest Rate = 3.46% to 3.24%
** Reported pursuant to Rule 24
Maturity Date - December 31, 1994
<PAGE> 8
The undersigned further certifies that the above-mentioned financing
transactions were carried out in accordance with the terms and conditions of,
and for the purposes represented by, the Application, and the Order of the
Commission with respect thereto.
Very truly yours,
THE COLUMBIA GAS SYSTEM, INC.
By:/s/ L. J. BAINTER
------------------------------
L. J. Bainter
Treasurer
COLUMBIA GAS OF OHIO, INC. (COH)
COLUMBIA GAS OF PENNSYLVANIA, INC. (CPA)
COLUMBIA GAS OF KENTUCKY, INC. (CKY)
COLUMBIA GAS OF MARYLAND, INC. (CMD)
COLUMBIA GULF TRANSMISSION COMPANY (CGT)
COLUMBIA GAS DEVELOPMENT CORPORATION (CGD)
COMMONWEALTH PROPANE, INC. (CPI)
COLUMBIA GAS SYSTEM SERVICE CORPORATION (CS)
COLUMBIA NATURAL RESOURCES, INC. (CNR)
TRISTAR VENTURES CORPORATION (TVC)
COLUMBIA ATLANTIC TRADING CORPORATION (CAT)
COLUMBIA LNG CORPORATION (CLG)
COLUMBIA PROPANE CORPORATION (CPC)
COLUMBIA COAL GASIFICATION CORPORATION (CGC)
COLUMBIA ENERGY SERVICES CORP. (CES)
TRISTAR CAPITAL CORPORATION (TCC)
By:/s/ L. J. BAINTER
------------------------------
L. J. Bainter
Vice President
Attachment
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