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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 SEPTEMBER 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 SEPTEMBER 30, 1994
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
July 31, August 31, September 30, September 30,
1994 1994 1994 1994
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . $616 $865 $849 $2,330
COST OF OPERATION. . . . . . . 608 857 841 2,306
OPERATING INCOME . . . . . . . 8 8 8 24
FEDERAL INCOME TAXES . . . . . 2 2 3 7
NET INCOME . . . . . . . . . . $ 6 $ 6 $ 5 $ 17
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 SEPTEMBER 30, 1994
(UNAUDITED)
<CAPTION>
July 31, August 31, September 30,
1994 1994 1994
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . . $1,442 $1,442 $1,442
Accumulated Amortization. . . . . . . . . . . . 857 870 884
NET MINING PLANT . . . . . . . . . . . . 585 572 558
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . 7 12 6
Accounts Receivable:
General . . . . . . . . . . . . . . . . . . . 5 8 4
Affiliated Companies. . . . . . . . . . . . . 2,056 2,469 2,802
Materials and Supplies. . . . . . . . . . . . . 862 852 853
Other . . . . . . . . . . . . . . . . . . . . . 94 82 72
TOTAL CURRENT ASSETS . . . . . . . . . . 3,024 3,423 3,737
DEFERRED FEDERAL INCOME TAXES . . . . . . . . . . 659 652 644
REGULATORY ASSETS:
Amounts Due From Customers For Future
Federal Income Taxes. . . . . . . . . . . . . 323 320 316
Other . . . . . . . . . . . . . . . . . . . . . 51 45 32
TOTAL REGULATORY ASSETS. . . . . . . . . 374 365 348
TOTAL. . . . . . . . . . . . . . . . . $4,642 $5,012 $5,287
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 . . . . . . . . . . . . . . . 581 587 592
TOTAL SHAREOWNER'S EQUITY. . . . . . . . 1,081 1,087 1,092
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 311 300 282
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . 106 187 121
Affiliated Companies. . . . . . . . . . . . . 115 82 82
Accrued Rentals . . . . . . . . . . . . . . . . 328 616 905
Accrued Other Postretirement Benefits . . . . . 351 372 383
Other . . . . . . . . . . . . . . . . . . . . . 402 416 424
TOTAL CURRENT LIABILITIES. . . . . . . . 1,302 1,673 1,915
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . . 1,755 1,736 1,716
DEFERRED CREDITS. . . . . . . . . . . . . . . . . 193 216 282
TOTAL. . . . . . . . . . . . . . . . . $4,642 $5,012 $5,287
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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 SEPTEMBER 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>
July 1994. . . . . . . . . . 124,146 20,467 103,679 $5.95 $616
August 1994. . . . . . . . . 163,239 21,454 141,785 $6.10 $865
September 1994 . . . . . . . 167,884 22,415 145,469 $5.84 $849
* 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 SEPTEMBER 30, 1994
<CAPTION>
Three
Months
July August September Ended
1994 1994 1994 9/30/94
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . . $ 48 $ 74 $ 72 $ 194
Benefits-UMW* . . . . . . . . . . . . . . . . . 66 73 51 190
Office Salaries and Benefits. . . . . . . . . . 68 70 71 209
Operating Materials . . . . . . . . . . . . . . 39 42 75 156
Maintenance - Materials and Services. . . . . . 31 114 76 221
Electricity . . . . . . . . . . . . . . . . . . 36 40 39 115
Other Billed Services . . . . . . . . . . . . . 31 54 51 136
Rentals . . . . . . . . . . . . . . . . . . . . 344 344 344 1,032
Amortization of Deferred Gain on Sale of Plant. (20) (19) (20) (59)
Depreciation. . . . . . . . . . . . . . . . . . 1 1 1 3
Cleaning Cost Normalization** . . . . . . . . . (73) 23 66 16
Other . . . . . . . . . . . . . . . . . . . . . 37 41 15 93
Total . . . . . . . . . . . . . . . . $608 $857 $841 $2,306
* 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 SEPTEMBER 30, 1994
<CAPTION>
July August September
1994 1994 1994
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . . $46.97 * $43.79 * $43.24 *
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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