|
|
|
|
|
|
|
|
|
|
|
|
|
<PAGE> 1
August 14, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
Interim Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
Columbia Energy Services Corporation
13880 Dulles Corner Lane
Herndon, VA 20171-4600
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
balance sheet and income statement filed with this interim report reflect in all
material respects the results of operations of Columbia Energy Services
Corporation for the calendar quarter ended June 30, 1998.
Very truly yours,
COLUMBIA ENERGY SERVICES CORPORATION
By: //s//J. W. Trost
------------------------------
J. W. Trost, Vice President
<PAGE> 2
Columbia Energy Services Corporation
Balance Sheet
As of June 30, 1998
($000)
<TABLE>
<S> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost 14,190
Accumulated depreciation and depletion (2,646)
-------
Net Property, Plant and Equipment 11,544
-------
Current Assets
Cash and temporary cash investments 5,292
Accounts receivable, net
Customers 457,884
Intercompany 37,762
Other 1,570
Other inventories at average cost 1
Prepayments 17,536
Other 4,661
-------
Total Current Assets 524,706
-------
Deferred Charges 15,432
-------
TOTAL ASSETS 551,682
=======
</TABLE>
<PAGE> 3
Columbia Energy Services Corporation
Balance Sheet
As of June 30, 1998
($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 (7,239)
-------
Total common stock equity 23,294
Long-term debt --
Total Capitalization 23,294
-------
Current Liabilities
Accounts and drafts payable 363,498
Intercompany short-term loans 57,269
Intercompany accounts payable 27,315
Accrued taxes (5,422)
Accrued interest --
Other 19,095
-------
Total Current Liabilities 461,755
-------
Other Liabilities and Deferred Credits
Income taxes, noncurrent 829
Investment tax credits --
Postretirement benefits other than pensions 161
Other 65,643
-------
Total Other Liabilities and Deferred Credits 66,633
-------
TOTAL CAPITALIZATION AND LIABILITIES 551,682
=======
</TABLE>
<PAGE> 4
Columbia Energy Services Corporation
Income Statement
Quarter Ending, June 30, 1998
($000)
<TABLE>
<S> <C>
Operating Revenues 873,221
Operating Expenses
Products purchased 861,425
Operation & Maintenance 18,049
Depreciation 746
Other taxes 591
-------
Total Operating Expenses 880,811
-------
Operating Income (Loss) (7,590)
-------
Other Income (Deductions)
Interest income and other, net 433
Interest expense and related charges (1,852)
-------
Total Other Income (Deductions) (1,419)
-------
Income (Loss) Before Income Taxes (9,009)
Income Taxes (3,124)
-------
Net Income (Loss) (5,885)
=======
</TABLE>
|
|