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November 15, 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 consolidated results of operations of Columbia Energy Services,
Inc. ("CES") for the calendar quarter from July 1, 1995 to September 30, 1995,
including assets and income of Columbia Energy Marketing Corporation, a
wholly-owned subsidiary of CES, formed on August 7, 1995 to sell natural gas to
affiliates.
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 September 30, 1995
($000)
<TABLE>
<S> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost .... 960
Accumulated depreciation and depletion ........... (200)
------------
Net Property, Plant and Equipment .................. 760
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Current Assets
Cash and temporary cash investments .............. 10
Accounts receivable, net
Customers ...................................... 23,548
Intercompany ................................... 10,331
Other .......................................... 376
Prepayments ...................................... 803
Other ............................................ 567
------------
Total Current Assets ............................... 35,635
------------
Deferred Charges ................................... 43
------------
TOTAL ASSETS ....................................... 36,438
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</TABLE>
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Page 2 of 2
Columbia Energy Services Corporation
Balance Sheet
As of September 30, 1995
($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 .............................. 7,154
------------
Total common stock equity ........................ 12,687
Long-term debt ................................... -
Total Capitalization ............................... 12,687
------------
Current Liabilities
Accounts and drafts payable ...................... 12,897
Intercompany accounts payable .................... 8,155
Accrued taxes .................................... 295
Accrued interest ................................. 494
Other ............................................ 764
------------
Total Current Liabilities .......................... 22,605
------------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ......................... 1,198
Investment tax credits ........................... 0
Postretirement benefits other than pensions ...... 46
Other ............................................ (98)
------------
Total Other Liabilities and Deferred Credits ....... 1,146
------------
TOTAL CAPITALIZATION AND LIABILITIES ............... 36,438
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</TABLE>
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Columbia Energy Services Corporation
Income Statement
Quarter Ending September 30, 1995
($000)
<TABLE>
<S> <C>
Operating Revenues ................................. 53,976
Operating Expenses
Products purchased ............................... 52,276
Operation ........................................ 1,296
Depreciation and depletion ....................... 44
Other taxes ...................................... 55
------------
Total Operating Expenses ........................... 53,671
------------
Operating Income ................................... 305
------------
Other Income (Deductions)
Interest income and other, net ................... 52
Interest expense and related charges ............. 159
------------
Total Other Income (Deductions) .................... 211
------------
Income Before Income Taxes ......................... 516
Income Taxes ....................................... 185
------------
Net Income ......................................... 331
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</TABLE>
