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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
12355 Sunrise Valley Drive
Suite 300
Reston, VA 20191-3420
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 calender quarter from July 1, 1996 to September 30, 1996.
Very truly yours,
COLUMBIA ENERGY SERVICES
Date: October 25, 1996 By: //s//J. W. Trost
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J. W. Trost, Vice President
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Page 1 of 2
Columbia Energy Services Corporation
Balance Sheet
As of September 30, 1996
($000)
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<S> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost .... 1,652
Accumulated depreciation and depletion ........... (493)
------------
Net Property, Plant and Equipment .................. 1,159
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Current Assets
Cash and temporary cash investments .............. 738
Accounts receivable, net
Customers ...................................... 68,136
Intercompany ................................... 33,980
Other .......................................... 505
Prepayments ...................................... 4,572
Other ............................................ 356
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Total Current Assets ............................... 108,287
------------
Deferred Charges ................................... 119
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TOTAL ASSETS ....................................... 109,565
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Page 2 of 2
Columbia Energy Services Corporation
Balance Sheet
As of September 30, 1996
($000)
<TABLE>
<S> <C>
CAPITALIZATION AND LIABILITIES
Capitalization
Common Stock Equity
Common stock, $10 par value (419,657 shares
outstanding) ................................... 4,197
Additional paid-in capital ..................... 26,336
Retained earnings .............................. 10,963
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Total common stock equity ........................ 41,496
Long-term debt ................................... -
------------
Total Capitalization ............................... 41,496
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Current Liabilities
Accounts and drafts payable ...................... 46,630
Intercompany accounts payable .................... 18,567
Accrued taxes .................................... 1,027
Accrued interest ................................. 8
Other ............................................ 826
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Total Current Liabilities .......................... 67,058
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Other Liabilities and Deferred Credits
Income taxes, noncurrent ......................... 842
Investment tax credits ........................... -
Postretirement benefits other than pensions ...... 87
Other ............................................ 82
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Total Other Liabilities and Deferred Credits ....... 1,011
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TOTAL CAPITALIZATION AND LIABILITIES ............... 109,565
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</TABLE>
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Columbia Energy Services Corporation
Income Statement
Quarter Ending September 30, 1996
($000)
<TABLE>
<S> <C>
Operating Revenues ................................. 151,862
Operating Expenses
Products purchased ............................... 149,719
Operation ........................................ 2,459
Depreciation and depletion ....................... 83
Other taxes ...................................... 90
------------
Total Operating Expenses ........................... 152,351
------------
Operating Income (Loss)............................. (489)
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Other Income (Deductions)
Interest income and other, net ................... 259
Interest expense and related charges ............. (13)
------------
Total Other Income (Deductions) .................... 246
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Income (Loss) Before Income Taxes .................. (243)
Income Taxes ....................................... (118)
------------
Net Income (Loss)................................... (125)
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</TABLE>
