<PAGE>
CONESVILLE COAL PREPARATION COMPANY
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 23463
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1993
CONTENTS
Page
Statements of Income 1
Balance Sheets 2
Statements of Customer Billings for Coal
Washing Services 3
Statements of Quantities of Coal Processed 4
Statements of Cost of Operation 5
Price Per Ton of Coal Deliveries 6
<PAGE>
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF INCOME
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1993
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
October 31, November 30, December 31, December 31,
1993 1993 1993 1993
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . . $871 $937 $895 $2,703
COST OF OPERATION. . . . . . . . . . 864 930 889 2,683
OPERATING INCOME . . . . . . . . . . 7 7 6 20
INTEREST CHARGES . . . . . . . . . . - - 1 1
INCOME BEFORE FEDERAL INCOME TAXES . 7 7 5 19
FEDERAL INCOME TAX EXPENSE (CREDIT). 1 1 (1) 1
NET INCOME . . . . . . . . . . . . . $ 6 $ 6 $ 6 $ 18
The common stock of the Company is wholly
owned by Columbus Southern Power Company.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
BALANCE SHEETS
BY MONTH-END, FOR THE QUARTER ENDED DECEMBER 31, 1993
(UNAUDITED)
<CAPTION>
October 31, November 30, December 31,
1993 1993 1993
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . . $1,554 $1,554 $1,554
Accumulated Amortization. . . . . . . . . . . . 877 893 906
NET MINING PLANT . . . . . . . . . . . . 677 661 648
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . 57 54 8
Accounts Receivable - Affiliated Companies. . . 1,837 2,245 2,671
Materials and Supplies. . . . . . . . . . . . . 928 903 900
Other . . . . . . . . . . . . . . . . . . . . . 79 67 56
TOTAL CURRENT ASSETS . . . . . . . . . . 2,901 3,269 3,635
REGULATORY ASSETS:
Amounts Due From Customer For Future
Federal Income Taxes. . . . . . . . . . . . . 356 352 349
Other . . . . . . . . . . . . . . . . . . . . . 654 650 657
TOTAL REGULATORY ASSETS. . . . . . . . . 1,010 1,002 1,006
TOTAL. . . . . . . . . . . . . . . . . $4,588 $4,932 $5,289
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 . . . . . . . . . . . . . . . 528 534 540
TOTAL SHAREOWNER'S EQUITY. . . . . . . . 1,028 1,034 1,040
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 367 356 343
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . 138 262 387
Affiliated Companies. . . . . . . . . . . . . 128 102 138
Accrued Rent. . . . . . . . . . . . . . . . . . 343 579 867
Accrued Other Postretirement Benefits . . . . . 187 198 214
Other . . . . . . . . . . . . . . . . . . . . . 418 421 407
TOTAL CURRENT LIABILITIES. . . . . . . . 1,214 1,562 2,013
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . . 1,933 1,913 1,893
DEFERRED CREDITS. . . . . . . . . . . . . . . . . 46 67 -
TOTAL. . . . . . . . . . . . . . . . . $4,588 $4,932 $5,289
/TABLE
<PAGE>
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF CUSTOMER BILLINGS FOR COAL WASHING SERVICES
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1993
<CAPTION>
Services Rendered To Clean
Columbus Southern Power Company's Coal
Conesville Plant* Output Unit Price Amount
(Month/Year) (tons) (per ton) (000)
<S> <C> <C> <C>
October 1993 . . . . . . . . . . . 145,420 $5.99 ** $871
November 1993. . . . . . . . . . . 155,997 $6.01 ** $937
December 1993. . . . . . . . . . . 134,935 $6.63 ** $895
* Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light
Company and Columbus Southern Power Company, the parent of Conesville Coal
Preparation Company.
** Average price per ton.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF QUANTITIES OF COAL PROCESSED
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1993
<CAPTION>
October November December
1993 1993 1993
(in tons)
<S> <C> <C> <C>
Services Rendered To
Columbus Southern Power Company:
Conesville Plant*
Raw Coal Input. . . . . . . . . . . . . 165,570 178,505 155,940
Rejects . . . . . . . . . . . . . . . . 20,150 22,508 21,005
Clean Coal Output . . . . . . . . . . . 145,420 155,997 134,935
* Jointly owned by Columbus Southern Power Company, Dayton Power & Light Company
and Cincinnati Gas & Electric Company.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF COST OF OPERATION
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1993
<CAPTION>
Three
Months
October November December Ended
1993 1993 1993 12/31/93
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . $ 71 $ 63 $ 86 $ 220
Benefits-UMW* . . . . . . . . . . . . . . . . 54 68 31 153
Office Salaries and Benefits. . . . . . . . . 68 68 74 210
Operating Materials . . . . . . . . . . . . . 51 38 73 162
Maintenance - Materials and Services. . . . . 38 184 63 285
Electricity . . . . . . . . . . . . . . . . . 46 58 62 166
Other Billed Services . . . . . . . . . . . . 80 31 164 275
Rent. . . . . . . . . . . . . . . . . . . . . 365 364 363 1,092
Amortization of Deferred
Gain on Sale of Plant . . . . . . . . . . . (20) (20) (20) (60)
Depreciation. . . . . . . . . . . . . . . . . 2 2 2 6
Cleaning Cost Normalization** . . . . . . . . 61 22 (67) 16
Other . . . . . . . . . . . . . . . . . . . . 48 52 58 158
Total . . . . . . . . . . . . . . . . . $864 $930 $889 $2,683
* United Mine Workers of America.
** Represents the deferral/accrual required to establish revenue based on fore-
casted 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.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY
PRICE PER TON OF COAL DELIVERIES
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1993
<CAPTION>
October November December
1993 1993 1993
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . $45.44 (b) $44.57 (b) $48.30 (b)
(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.
(b) Average price per ton.
</TABLE>