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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 DECEMBER 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 DECEMBER 31, 1994
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
October 31, November 30, December 31, December 31,
1994 1994 1994 1994
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . . $647 $633 $635 $1,915
COST OF OPERATION. . . . . . . . . . 639 624 634 1,897
OPERATING INCOME . . . . . . . . . . 8 9 1 18
NONOPERATING INCOME. . . . . . . . . - - 7 7
INCOME BEFORE FEDERAL INCOME TAXES . 8 9 8 25
FEDERAL INCOME TAXES . . . . . . . . 2 3 2 7
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 DECEMBER 31, 1994
(UNAUDITED)
<CAPTION>
October 31, November 30, December 31,
1994 1994 1994
(in thousands)
ASSETS
<S> <C> <C> <C>
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . . $1,457 $1,457 $1,457
Accumulated Amortization. . . . . . . . . . . . 898 912 926
NET MINING PLANT . . . . . . . . . . . . 559 545 531
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . 15 6 40
Accounts Receivable:
General . . . . . . . . . . . . . . . . . . . 2 5 17
Affiliated Companies. . . . . . . . . . . . . 2,218 2,461 2,592
Materials and Supplies. . . . . . . . . . . . . 864 839 854
Other . . . . . . . . . . . . . . . . . . . . . 60 48 38
TOTAL CURRENT ASSETS . . . . . . . . . . 3,159 3,359 3,541
DEFERRED FEDERAL INCOME TAXES . . . . . . . . . . 664 669 670
REGULATORY ASSETS . . . . . . . . . . . . . . . . 317 311 366
DEFERRED CHARGES. . . . . . . . . . . . . . . . . 24 24 24
TOTAL. . . . . . . . . . . . . . . . . $4,723 $4,908 $5,132
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 . . . . . . . . . . . . . . . 598 604 610
TOTAL SHAREOWNER'S EQUITY. . . . . . . . 1,098 1,104 1,110
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 279 272 264
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . 125 91 199
Affiliated Companies. . . . . . . . . . . . . 114 154 131
Accrued Rent. . . . . . . . . . . . . . . . . . 328 617 906
Accrued Postretirement Benefits
Other Than Pensions . . . . . . . . . . . . . 404 424 444
Other . . . . . . . . . . . . . . . . . . . . . 460 453 421
TOTAL CURRENT LIABILITIES. . . . . . . . 1,431 1,739 2,101
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . . 1,696 1,676 1,657
DEFERRED CREDITS. . . . . . . . . . . . . . . . . 219 117 -
TOTAL. . . . . . . . . . . . . . . . . $4,723 $4,908 $5,132
/TABLE
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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 DECEMBER 31, 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>
October 1994 . . . . . . . . 132,861 15,800 117,061 $5.53 $647
November 1994. . . . . . . . 125,650 16,669 108,981 $5.81 $633
December 1994. . . . . . . . 132,893 17,590 115,303 $5.50 $635
* 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 DECEMBER 31, 1994
<CAPTION>
Three
Months
October November December Ended
1994 1994 1994 12/31/94
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . . $ 66 $ 55 $ 50 $ 171
Benefits-UMW* . . . . . . . . . . . . . . . . . 79 60 35 174
Office Salaries and Benefits. . . . . . . . . . 70 73 67 210
Operating Materials . . . . . . . . . . . . . . 29 55 34 118
Maintenance - Materials and Services. . . . . . 32 35 41 108
Electricity . . . . . . . . . . . . . . . . . . 41 43 52 136
Other Billed Services . . . . . . . . . . . . . 18 36 100 154
Rent. . . . . . . . . . . . . . . . . . . . . . 344 344 346 1,034
Amortization of Deferred Gain on Sale of Plant. (20) (20) (19) (59)
Depreciation. . . . . . . . . . . . . . . . . . 2 2 2 6
Cleaning Cost Normalization** . . . . . . . . . (63) (101) (116) (280)
Other . . . . . . . . . . . . . . . . . . . . . 41 42 42 125
Total . . . . . . . . . . . . . . . . . . $639 $ 624 $ 634 $1,897
* 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.
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COLUMBUS SOUTHERN POWER COMPANY
PRICE PER TON OF COAL DELIVERIES
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1994
<CAPTION>
October November December
1994 1994 1994
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . $43.15 * $45.27 * $42.84 *
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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