<PAGE> 1
March 6, 1997
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 20191-3458
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 ended December 31, 1996.
Very truly yours,
COLUMBIA ENERGY SERVICES
By: //s//J. W. Trost
-------------------------------
J. W. Trost, Vice President
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Page 1 of 2
Columbia Energy Services Corporation
Balance Sheet
As of December 31, 1996
($000)
<TABLE>
<S> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost .... 2,150
Accumulated depreciation and depletion ........... (591)
------------
Net Property, Plant and Equipment .................. 1,559
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Current Assets
Cash and temporary cash investments .............. 287
Accounts receivable, net
Customers ...................................... 157,104
Intercompany ................................... 26,741
Other .......................................... 492
Prepayments ...................................... 19,013
Other ............................................ 373
------------
Total Current Assets ............................... 204,010
------------
Deferred Charges ................................... 175
------------
TOTAL ASSETS ....................................... 205,744
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</TABLE>
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Page 2 of 2
Columbia Energy Services Corporation
Balance Sheet
As of December 31, 1996
($000)
<TABLE>
<CAPTION>
CAPITALIZATION AND LIABILITIES
<S> <C>
Capitalization
Common Stock Equity
Common stock, $10 par value (419,657 shares
outstanding) ................................... 4,197
Additional paid-in capital ..................... 26,336
Retained earnings .............................. 10,794
------------
Total common stock equity ........................ 41,327
Long-term debt ................................... -
Total Capitalization ............................... 41,327
------------
Current Liabilities
Accounts and drafts payable ...................... 124,859
Intercompany accounts payable .................... 34,500
Accrued taxes .................................... 985
Accrued interest ................................. 8
Other ............................................ 2,266
------------
Total Current Liabilities .......................... 162,618
------------
Other Liabilities and Deferred Credits
Income taxes, noncurrent ......................... 875
Investment tax credits ........................... -
Postretirement benefits other than pensions ...... 104
Other ............................................ 820
------------
Total Other Liabilities and Deferred Credits ....... 1,799
------------
TOTAL CAPITALIZATION AND LIABILITIES ............... 205,744
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</TABLE>
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Columbia Energy Services Corporation
Income Statement
Quarter Ending December 31, 1996
($000)
<TABLE>
<S> <C>
Operating Revenues ................................. 265,730
Operating Expenses
Products purchased ............................... 262,409
Operation ........................................ 3,962
Depreciation and depletion ....................... 99
Other taxes ...................................... 89
------------
Total Operating Expenses ........................... 266,559
------------
Operating Income (Loss)............................. (829)
------------
Other Income (Deductions)
Interest income and other, net ................... 533
Interest expense and related charges ............. -
------------
Total Other Income (Deductions) .................... 533
------------
Income (Loss) Before Income Taxes................... (296)
Income Taxes ....................................... (127)
------------
Net Income (Loss)................................... (169)
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</TABLE>
