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May 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 results of operations of Columbia Energy Services, Inc. ("CES") for
the calendar quarter from January 1, 1995 to March 31, 1995.
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 March 31, 1995
($000)
<TABLE>
<S> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost .... 715
Accumulated depreciation and depletion ........... (119)
------------
Net Property, Plant and Equipment .................. 596
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Current Assets
Cash and temporary cash investments .............. 890
Accounts receivable, net
Customers ...................................... 22,055
Intercompany ................................... 9,308
Other .......................................... 213
Prepayments ...................................... 452
Other ............................................ 248
------------
Total Current Assets ............................... 33,166
------------
Deferred Charges ................................... (32)
------------
TOTAL ASSETS ....................................... 33,730
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</TABLE>
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Page 2 of 2
Columbia Energy Services Corporation
Balance Sheet
As of March 31, 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 .............................. 6,648
------------
Total common stock equity ........................ 12,181
Long-term debt ................................... -
Total Capitalization ............................... 12,181
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Current Liabilities
Accounts and drafts payable ...................... 11,788
Intercompany accounts payable .................... 7,131
Accrued taxes .................................... 598
Accrued interest ................................. 472
Other ............................................ 984
------------
Total Current Liabilities .......................... 20,973
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Other Liabilities and Deferred Credits
Income taxes, noncurrent ......................... 1,060
Investment tax credits ........................... 0
Postretirement benefits other than pensions ...... 34
Other ............................................ (518)
------------
Total Other Liabilities and Deferred Credits ....... 576
------------
TOTAL CAPITALIZATION AND LIABILITIES ............... 33,730
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</TABLE>
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Columbia Energy Services Corporation
Income Statement
Quarter Ending March 31, 1995
($000)
<TABLE>
<S> <C>
Operating Revenues ................................. 58,687
Operating Expenses
Products purchased ............................... 56,875
Operation ........................................ 1,185
Depreciation and depletion ....................... 38
Other taxes ...................................... 107
------------
Total Operating Expenses ........................... 58,205
------------
Operating Income ................................... 482
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Other Income (Deductions)
Interest income and other, net ................... 19
Interest expense and related charges ............. 106
------------
Total Other Income (Deductions) .................... 125
------------
Income Before Income Taxes ......................... 607
Income Taxes ....................................... 256
------------
Net Income ......................................... 351
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</TABLE>
