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February 14, 1995
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, 1994 to December 31, 1994.
Very truly yours,
COLUMBIA ENERGY SERVICES CORPORATION
By: /s/ L. J. BAINTER
--------------------------------------
L. J. Bainter
Vice President
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Page 1 of 2
Columbia Energy Services Corporation
Balance Sheet
As of December 31, 1994
($000)
<TABLE>
<S> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost .... 402
Accumulated depreciation and depletion ........... (96)
-----------
Net Property, Plant, and Equipment ................. 306
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Current Assets
Cash and temporary cash investments .............. 546
Accounts receivable, net
Customers ...................................... 22,395
Intercompany ................................... 9,229
Other .......................................... 316
Prepayments ...................................... 2,063
Other ............................................ 233
-----------
Total Current Assets ............................... 34,782
-----------
Deferred Charges ................................... (38)
-----------
TOTAL ASSETS ....................................... 35,050
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</TABLE>
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Page 2 of 2
Columbia Energy Services Corporation
Balance Sheet
As of December 31, 1994
($000)
<TABLE>
<S> <C>
CAPITALIZATION AND LIABILITIES
Capitalization
Common Stock Equity
Common stock, $10 par value (417,157 shares
outstanding) .................................... 4,172
Additional paid in capital ....................... 1,361
Retained earnings ................................ 6,297
-----------
Total common stock equity .......................... 11,830
Long-term debt ..................................... -
-----------
Total Capitalization ................................. 11,830
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Current Liabilities
Accounts and drafts payable ........................ 12,430
Intercompany accounts payable ...................... 10,544
Accrued taxes ...................................... 399
Accrued interest ................................... 463
Other .............................................. 1,515
-----------
Total Current Liabilities ............................ 25,351
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Other Liabilities and Deferred Credits
Income taxes, noncurrent ........................... 991
Investment tax credits ............................. 0
Postretirement benefits other than pensions ........ 20
Other .............................................. (3,142)
-----------
Total Other Liabilities and Deferred Credits ......... (2,131)
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TOTAL CAPITALIZATION AND LIABILITIES ................. 35,050
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</TABLE>
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Columbia Energy Services Corporation
Statement of Income
Quarter Ending December 31, 1994
($000)
<TABLE>
<S> <C>
Operating Revenues ................................. 52,594
Operating Expenses
Products purchased ............................... 50,612
Operation ........................................ 1,636
Depreciation and depletion ....................... 15
Other taxes ...................................... 43
---------
Total Operating Expenses ........................... 52,306
---------
Operating Income (Loss) ............................ 288
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Other Income (Deductions)
Interest income and other, net ................... 22
Interest expense and related charges ............. 101
---------
Total Other Income (Deductions) .................... 123
---------
Income (Loss) Before Income Taxes .................. 411
Income Taxes ....................................... 196
---------
Net Income (Loss) .................................. 215
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</TABLE>