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[COLUMBIA GAS LETTERHEAD]
April 23, 1996
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, 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, 1996 to March 31, 1996.
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, 1996
($000)
<TABLE>
<S> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost .... 1,360
Accumulated depreciation and depletion ........... (336)
------------
Net Property, Plant and Equipment .................. 1,024
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Current Assets
Cash and temporary cash investments .............. 2,557
Accounts receivable, net
Customers ...................................... 69,958
Intercompany ................................... 16,962
Other .......................................... 594
Prepayments ...................................... 2,757
Other ............................................ 318
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Total Current Assets ............................... 93,146
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Deferred Charges ................................... 83
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TOTAL ASSETS ....................................... 94,253
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</TABLE>
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Page 2 of 2
Columbia Energy Services Corporation
Balance Sheet
As of March 31, 1996
($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 .............................. 10,633
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Total common stock equity ........................ 16,166
Long-term debt ................................... -
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Total Capitalization ............................... 16,166
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Current Liabilities
Accounts and drafts payable ...................... 61,125
Intercompany accounts payable .................... 13,501
Accrued taxes .................................... 2,272
Accrued interest ................................. 6
Other ............................................ 864
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Total Current Liabilities .......................... 77,768
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Other Liabilities and Deferred Credits
Income taxes, noncurrent ......................... 853
Investment tax credits ........................... -
Postretirement benefits other than pensions ...... 55
Other ............................................ ( 589)
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Total Other Liabilities and Deferred Credits ....... 319
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TOTAL CAPITALIZATION AND LIABILITIES ............... 94,253
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</TABLE>
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Columbia Energy Services Corporation
Income Statement
Quarter Ending March 31, 1996
($000)
<TABLE>
<S> <C>
Operating Revenues ................................. 158,066
Operating Expenses
Products purchased ............................... 149,925
Operation ........................................ 2,585
Depreciation and depletion ....................... 73
Other taxes ...................................... 121
------------
Total Operating Expenses ........................... 152,704
------------
Operating Income ................................... 5,362
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Other Income (Deductions)
Interest income and other, net ................... 173
Interest expense and related charges ............. ( 1)
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Total Other Income (Deductions) .................... 172
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Income Before Income Taxes ......................... 5,534
Income Taxes ....................................... 2,280
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Net Income ......................................... 3,254
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</TABLE>
