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CONESVILLE COAL PREPARATION COMPANY
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 23463
BY MONTH, FOR THE QUARTER ENDED JUNE 30, 1994
CONTENTS
Page
Statements of Income 1
Balance Sheets 2
Statements of Quantities of Coal Processed and
Customer Billings for Coal Washing Services 3
Statements of Cost of Operation 4
Price Per Ton of Coal Deliveries 5
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CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF INCOME
BY MONTH, FOR THE QUARTER ENDED JUNE 30, 1994
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
April 30, May 31, June 30, June 30,
1994 1994 1994 1994
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . . $762 $867 $737 $2,366
COST OF OPERATION. . . . . . . . . . 752 859 733 2,344
OPERATING INCOME . . . . . . . . . . 10 8 4 22
NONOPERATING INCOME. . . . . . . . . - - 4 4
INCOME BEFORE FEDERAL INCOME TAXES . 10 8 8 26
FEDERAL INCOME TAXES . . . . . . . . 4 2 2 8
NET INCOME . . . . . . . . . . . . . $ 6 $ 6 $ 6 $ 18
The common stock of the Company is wholly
owned by Columbus Southern Power Company.
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CONESVILLE COAL PREPARATION COMPANY
BALANCE SHEETS
BY MONTH-END, FOR THE QUARTER ENDED JUNE 30, 1994
(UNAUDITED)
<CAPTION>
April 30, May 31, June 30,
1994 1994 1994
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . . $1,564 $1,586 $1,442
Accumulated Amortization. . . . . . . . . . . . 960 973 843
NET MINING PLANT . . . . . . . . . . . . 604 613 599
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . 12 10 29
Accounts Receivable:
General . . . . . . . . . . . . . . . . . . . 2 1 5
Affiliated Companies. . . . . . . . . . . . . 2,120 2,490 2,714
Materials and Supplies. . . . . . . . . . . . . 909 907 889
Other . . . . . . . . . . . . . . . . . . . . . 128 117 106
TOTAL CURRENT ASSETS . . . . . . . . . . 3,171 3,525 3,743
DEFERRED FEDERAL INCOME TAXES . . . . . . . . . . 662 666 669
REGULATORY ASSETS:
Amounts Due From Customers For Future
Federal Income Taxes. . . . . . . . . . . . . 334 330 327
Other . . . . . . . . . . . . . . . . . . . . . 23 36 34
TOTAL REGULATORY ASSETS. . . . . . . . . 357 366 361
TOTAL. . . . . . . . . . . . . . . . . $4,794 $5,170 $5,372
CAPITALIZATION AND LIABILITIES
SHAREOWNER'S EQUITY:
Common Stock - Par Value $1,000:
Authorized - 500 Shares
Outstanding - 100 Shares. . . . . . . . . . . $ 100 $ 100 $ 100
Paid-in Capital . . . . . . . . . . . . . . . . 400 400 400
Retained Earnings . . . . . . . . . . . . . . . 563 569 575
TOTAL SHAREOWNER'S EQUITY. . . . . . . . 1,063 1,069 1,075
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 310 332 321
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . 171 202 112
Affiliated Companies. . . . . . . . . . . . . 210 89 120
Accrued Rentals . . . . . . . . . . . . . . . . 328 617 906
Accrued Other Postretirement Benefits . . . . . 290 311 331
Other . . . . . . . . . . . . . . . . . . . . . 414 433 406
TOTAL CURRENT LIABILITIES. . . . . . . . 1,413 1,652 1,875
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . . 1,814 1,795 1,775
DEFERRED CREDITS. . . . . . . . . . . . . . . . . 194 322 326
TOTAL. . . . . . . . . . . . . . . . . $4,794 $5,170 $5,372
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CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF QUANTITIES OF COAL PROCESSED AND
CUSTOMER BILLINGS FOR COAL WASHING SERVICES
BY MONTH, FOR THE QUARTER ENDED JUNE 30, 1994
<CAPTION>
Services Rendered to
Columbus Southern Raw Clean
Power Company's Coal Coal
Conesville Plant* Input Rejects Output Unit Price Amount
(Month/Year) (tons) (tons) (tons) (per ton) (000)
<S> <C> <C> <C> <C> <C>
April 1994. . . . . . . . . . 153,908 19,155 134,753 $5.66 $762
May 1994. . . . . . . . . . . 169,267 18,682 150,585 $5.76 $867
June 1994 . . . . . . . . . . 140,031 14,634 125,397 $5.88 $737
* Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light Company
and Columbus Southern Power Company, the parent of Conesville Coal Preparation
Company.
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CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF COST OF OPERATION
BY MONTH, FOR THE QUARTER ENDED JUNE 30, 1994
<CAPTION>
Three
Months
April May June Ended
1994 1994 1994 6/30/94
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . . . $ 61 $ 66 $ 61 $ 188
Benefits-UMW* . . . . . . . . . . . . . . . . . . 62 66 61 189
Office Salaries and Benefits. . . . . . . . . . . 69 70 69 208
Operating Materials . . . . . . . . . . . . . . . 25 53 36 114
Maintenance - Materials and Services. . . . . . . 36 45 69 150
Electricity . . . . . . . . . . . . . . . . . . . 52 46 38 136
Other Billed Services . . . . . . . . . . . . . . 28 17 15 60
Rent. . . . . . . . . . . . . . . . . . . . . . . 346 346 351 1,043
Amortization of Deferred Gain on Sale of Plant. . (20) (19) (20) (59)
Depreciation. . . . . . . . . . . . . . . . . . . 1 1 1 3
Cleaning Cost Normalization** . . . . . . . . . . 47 119 (6) 160
Other . . . . . . . . . . . . . . . . . . . . . . 45 49 58 152
Total . . . . . . . . . . . . . . . . . $752 $859 $733 $2,344
* United Mine Workers of America.
** Represents the deferral/accrual required to establish revenue based on forecasted
results for the remainder of the year. The amount of cleaning cost normalization
is established on an "overall" company basis (i.e., not itemized) and is eliminated
by year-end.
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COLUMBUS SOUTHERN POWER COMPANY
PRICE PER TON OF COAL DELIVERIES
BY MONTH, FOR THE QUARTER ENDED JUNE 30, 1994
<CAPTION>
April May June
1994 1994 1994
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . . $43.68 * $42.41 * $43.93 *
Notes: (a) Coal cleaned by Conesville Coal Preparation Plant and delivered to Columbus
Southern Power's Conesville Generating Plant. These deliveries of clean coal
will normally consist of coal cleaned from beginning inventory as well as
current month deliveries.
* Average price per ton.
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