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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 MARCH 31, 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 MARCH 31, 1994
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
January 31, February 28, March 31, March 31,
1994 1994 1994 1994
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . . $803 $798 $881 $2,482
COST OF OPERATION. . . . . . . . . . 796 791 874 2,461
OPERATING INCOME . . . . . . . . . . 7 7 7 21
INTEREST CHARGES . . . . . . . . . . - 1 - 1
INCOME BEFORE FEDERAL INCOME TAXES . 7 6 7 20
FEDERAL INCOME TAXES . . . . . . . . 1 1 1 3
NET INCOME . . . . . . . . . . . . . $ 6 $ 5 $ 6 $ 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 MARCH 31, 1994
(UNAUDITED)
<CAPTION>
January 31, February 28, March 31,
1994 1994 1994
(in thousands)
ASSETS
<S> <C> <C> <C>
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . . $1,554 $1,564 $1,564
Accumulated Amortization. . . . . . . . . . . . 920 933 946
NET MINING PLANT . . . . . . . . . . . . 634 631 618
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . 16 20 4
Accounts Receivable - Affiliated Companies. . . 2,032 2,446 2,728
Materials and Supplies. . . . . . . . . . . . . 894 905 897
Other . . . . . . . . . . . . . . . . . . . . . 45 33 21
TOTAL CURRENT ASSETS . . . . . . . . . . 2,987 3,404 3,650
DEFERRED FEDERAL INCOME TAXES . . . . . . . . . . 653 656 659
REGULATORY ASSETS:
Amounts Due From Customer For Future
Federal Income Taxes. . . . . . . . . . . . . 345 341 338
Other . . . . . . . . . . . . . . . . . . . . . 16 3 25
TOTAL REGULATORY ASSETS. . . . . . . . . 361 344 363
TOTAL. . . . . . . . . . . . . . . . . $4,635 $5,035 $5,290
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 . . . . . . . . . . . . . . . 546 551 557
TOTAL SHAREOWNER'S EQUITY. . . . . . . . 1,046 1,051 1,057
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 332 330 322
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . 245 272 244
Affiliated Companies. . . . . . . . . . . . . 114 159 101
Accrued Rent. . . . . . . . . . . . . . . . . . 327 617 906
Accrued Other Postretirement Benefits . . . . . 231 250 270
Other . . . . . . . . . . . . . . . . . . . . . 414 406 421
TOTAL CURRENT LIABILITIES. . . . . . . . 1,331 1,704 1,942
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . . 1,874 1,854 1,834
DEFERRED CREDITS. . . . . . . . . . . . . . . . . 52 96 135
TOTAL. . . . . . . . . . . . . . . . . $4,635 $5,035 $5,290
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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 MARCH 31, 1994
<CAPTION>
Services Rendered to
Columbus Southern Raw Clean
Power Company's Coal Coal Average
Conesville Plant* Input Rejects Output Unit Price Amount
(Month/Year) (tons) (tons) (tons) (per ton) (000)
<S> <C> <C> <C> <C> <C>
January 1994. . . . . . . . . . . 149,212 16,809 132,403 $6.06 $803
February 1994 . . . . . . . . . . 160,783 16,428 144,355 $5.53 $798
March 1994. . . . . . . . . . . . 165,352 21,305 144,047 $6.11 $881
* 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 MARCH 31, 1994
<CAPTION>
Three
Months
January February March Ended
1994 1994 1994 3/31/94
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . . . $ 75 $ 66 $ 75 $ 216
Benefits-UMW* . . . . . . . . . . . . . . . . . . 60 52 55 167
Office Salaries and Benefits. . . . . . . . . . . 70 68 70 208
Operating Materials . . . . . . . . . . . . . . . 44 65 69 178
Maintenance - Materials and Services. . . . . . . 40 36 103 179
Electricity . . . . . . . . . . . . . . . . . . . 69 60 59 188
Other Billed Services . . . . . . . . . . . . . . 18 24 71 113
Rent. . . . . . . . . . . . . . . . . . . . . . . 348 345 346 1,039
Amortization of Deferred Gain on Sale of Plant. . (19) (20) (20) (59)
Depreciation. . . . . . . . . . . . . . . . . . . 1 1 1 3
Cleaning Cost Normalization** . . . . . . . . . . 52 43 9 104
Other . . . . . . . . . . . . . . . . . . . . . . 38 51 36 125
Total . . . . . . . . . . . . . . . . . $796 $791 $874 $2,461
* 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 MARCH 31, 1994
<CAPTION>
January February March
1994 1994 1994
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . . $43.07 * $42.62 * $43.33 *
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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