<PAGE> 1
February 25, 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 October 1, 1993 through December 31, 1993. 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 VICE PRESIDENT
----------------------------------
L. J. Bainter Vice President
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<TABLE>
<CAPTION>
SELECTED FINANCIAL DATA
-----------------------
($000)
CES
-----------
<S> <C>
CAPITALIZATION
As of December 31, 1993
---------------------------------------------
Common Stock Equity
Common Stock .............................. 4,172
Additional Paid in Capital ................ 1,361
Retained Earnings ......................... 5,799
Unearned Employee Compensation ............ 0
-----------
Total Common Stock Equity ................... 11,332
-----------
Long-Term Debt
Existing Notes and Other Long-Term Debt ... 0
Additional Installment Notes .............. 0
-----------
Total Long-Term Debt ........................ 0
-----------
TOTAL CAPITALIZATION ........................ 11,332
===========
CONDENSED INCOME STATEMENT
Three Months Ended December 31, 1993
---------------------------------------------
Operating Income ............................ 731
-----------
Other Income (Deductions)
Interest Income and Other, net ............ 90
Interest Expense and Related Charges ...... 82
-----------
Total Other Income (Deductions) ............. 172
-----------
Income before Income Taxes .................. 903
Income Taxes ................................ 453
-----------
NET INCOME .................................. 450
===========
</TABLE>
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COLUMBIA ENERGY SERVICES
FUTURES HEDGING PROGRAM
NET ACTIVITY
AS OF DECEMBER 31, 1993
<TABLE>
<CAPTION>
PROD NET CONTRACTS CONTRACTS DEFERRED REALIZED TOTAL
MONTH POSITION OPEN CLOSED GAIN GAIN GAIN
- ------ -------- --------- --------- --------- --------- ---------
$ $ $
<S> <C> <C> <C> <C> <C> <C>
9307 0 0 56 0 24,450 24,450
9308 0 0 45 0 24,650 24,650
9309 0 0 107 0 550 550
9310 0 0 72 0 (54,890) (54,890)
9311 0 0 73 0 15,720 15,720
9312 0 0 104 0 31,330 31,330
9401 0 0 173 0 (7,020) (7,020)
9402 60 60 95 36,600 (7,070) 29,530
9403 61 61 71 (66,680) 59,490 (7,190)
9404 60 60 32 (45,930) 5,750 (40,180)
9405 52 52 33 (38,130) 12,930 (25,200)
9406 40 40 35 (26,720) 6,010 (20,710)
9407 25 25 32 (14,000) 15,680 1,680
9408 24 24 29 (13,020) 15,560 2,540
9409 35 35 21 (30,110) 17,460 (12,650)
9410 28 28 18 (16,370) 29,050 12,680
9411 23 23 40 (6,410) 10,330 3,920
9412 28 28 0 (7,720) 0 (7,720)
TOTAL 436 436 980 ($228,490) $199,980 ($28,510)
</TABLE>
