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Previous: COLUMBIA GAS SYSTEM INC, 35-CERT, 1994-08-05 |
Next: COLUMBIA GAS SYSTEM INC, 35-CERT, 1994-08-05 |
<PAGE> 1
August 3, 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 April 1, 1994 to June 30, 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
SELECTED FINANCIAL DATA
-----------------------
($000)
<TABLE>
<CAPTION>
CES
-----------
<S> <C>
CAPITALIZATION
As of June 30, 1994
---------------------------------------------
Common Stock Equity
Common Stock .............................. 4,172
Additional Paid in Capital ................ 1,361
Retained Earnings ......................... 6,953
Unearned Employee Compensation ............ 0
-----------
Total Common Stock Equity ................... 12,486
-----------
Long-Term Debt
Existing Notes and Other Long-Term Debt ... 0
Additional Installment Notes .............. 0
-----------
Total Long-Term Debt ........................ 0
-----------
TOTAL CAPITALIZATION ........................ 12,486
===========
CONDENSED INCOME STATEMENT
Three Months Ended June 30, 1994
---------------------------------------------
Operating Income ............................ 563
-----------
Other Income (Deductions)
Interest Income and Other, net ............ 131
Interest Expense and Related Charges ...... 120
-----------
Total Other Income (Deductions) ............. 251
-----------
Income before Income Taxes .................. 814
Income Taxes ................................ 329
-----------
NET INCOME .................................. 485
===========
</TABLE>
<PAGE> 3
COLUMBIA ENERGY SERVICES
FUTURES HEDGING PROGRAM
NET ACTIVITY
AS OF JUNE 30, 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 0 0 153 0 75,300 75,300
9406 0 0 183 0 (99,250) (99,250)
9407 0 0 182 0 (35,600) (35,600)
9408 119 119 35 164,890 17,780 182,670
9409 88 88 27 84,400 17,000 101,400
9410 55 55 27 29,510 32,500 62,010
9411 71 71 55 25,090 1,700 26,790
9412 75 75 6 8,870 5,530 14,400
9501 48 48 6 3,880 2,400 6,280
9502 47 47 4 4,390 1,570 5,960
9503 45 45 3 1,260 7,150 8,410
9504 30 30 0 (100) 0 (100)
9505 25 25 0 290 0 290
9506 13 13 0 (570) 0 (570)
9507 4 4 0 240 0 240
9508 5 5 0 (10) 0 (10)
9509 5 5 0 (100) 0 (100)
TOTAL 630 630 1,642 $322,040 $628,880 $950,920
</TABLE>
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