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Previous: COLUMBIA ENERGY GROUP, 35-CERT, 1998-11-16 |
Next: COLUMBIA ENERGY GROUP, 35-CERT, 1998-11-16 |
<PAGE> 1
November 16, 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 September 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 September 30, 1998
($000)
<TABLE>
<S> <C>
ASSETS
Property, Plant and Equipment
Gas utility and other plant, at original cost 17,669
Accumulated depreciation and depletion (3,289)
--------
Net Property, Plant and Equipment 14,380
--------
Current Assets
Cash and temporary cash investments 2,426
Accounts receivable, net
Customers 472,793
Intercompany 36,192
Other 984
Other inventories at average cost 6
Prepayments 42,587
Other 8,792
--------
Total Current Assets 563,780
--------
Deferred Charges 16,274
--------
TOTAL ASSETS 594,434
========
</TABLE>
<PAGE> 3
Columbia Energy Services Corporation
Balance Sheet
As of September 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 (13,099)
--------
Total common stock equity 17,434
Long-term debt --
Total Capitalization 17,434
--------
Current Liabilities
Accounts and drafts payable 373,036
Intercompany short-term loans 31,372
Intercompany accounts payable 21,470
Accrued taxes (4,623)
Accrued interest --
Other 20,431
--------
Total Current Liabilities 441,686
--------
Other Liabilities and Deferred Credits
Income taxes, noncurrent 570
Investment tax credits --
Postretirement benefits other than pensions 175
Other 134,569
--------
Total Other Liabilities and Deferred Credits 135,314
--------
TOTAL CAPITALIZATION AND LIABILITIES 594,434
========
</TABLE>
<PAGE> 4
Columbia Energy Services Corporation
Income Statement
Quarter Ending, September 30, 1998
($000)
<TABLE>
<S> <C>
Operating Revenues 1,113,109
Operating Expenses
Products purchased 1,099,533
Operation 18,495
Depreciation 1,014
Other taxes 625
---------
Total Operating Expenses 1,119,667
---------
Operating Income (Loss) (6,558)
---------
Other Income (Deductions)
Interest income and other, net 697
Interest expense and related charges (3,056)
---------
Total Other Income (Deductions) (2,359)
---------
Income (Loss) Before Income Taxes (8,917)
Income Taxes (3,057)
---------
Net Income (Loss) (5,860)
=========
</TABLE>
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