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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, 1995
<CAPTION>
CONTENTS
Page
<S> <C>
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, 1995
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
April 30, May 31, June 30, June 30,
1995 1995 1995 1995
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . $835 $679 $556 $2,070
COST OF OPERATION. . . . . . . . . 827 673 549 2,049
OPERATING INCOME . . . . . . . . . 8 6 7 21
FEDERAL INCOME TAXES . . . . . . . 2 - 1 3
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, 1995
(UNAUDITED)
<CAPTION>
April 30, May 31, June 30,
1995 1995 1995
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . $1,447 $1,447 $1,452
Accumulated Amortization. . . . . . . . . . . 971 985 985
NET MINING PLANT . . . . . . . . . . . 476 462 467
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . 41 12 20
Accounts Receivable - Affiliated Companies. . 2,428 2,449 2,575
Materials and Supplies. . . . . . . . . . . . 882 944 938
Other . . . . . . . . . . . . . . . . . . . . 137 124 110
TOTAL CURRENT ASSETS . . . . . . . . . 3,488 3,529 3,643
DEFERRED INCOME TAXES . . . . . . . . . . . . . 685 688 688
REGULATORY ASSETS . . . . . . . . . . . . . . . 308 304 300
DEFERRED CHARGES. . . . . . . . . . . . . . . . 61 57 57
TOTAL. . . . . . . . . . . . . . . . $5,018 $5,040 $5,155
CAPITALIZATION AND LIABILITIES
SHAREHOLDER'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 . . . . . . . . . . . . . . 633 639 645
TOTAL SHAREHOLDER'S EQUITY . . . . . . 1,133 1,139 1,145
OTHER NONCURRENT LIABILITIES. . . . . . . . . . 739 742 760
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . 196 121 106
Affiliated Companies. . . . . . . . . . . . 317 119 96
Accrued Rentals . . . . . . . . . . . . . . . 327 616 905
Other . . . . . . . . . . . . . . . . . . . . 383 397 364
TOTAL CURRENT LIABILITIES. . . . . . . 1,223 1,253 1,471
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . 1,578 1,558 1,538
REGULATORY LIABILITIES. . . . . . . . . . . . . 345 348 241
TOTAL. . . . . . . . . . . . . . . . $5,018 $5,040 $5,155
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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, 1995
<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 1995. . . . . . . . . . 166,481 21,012 145,469 $5.74 $835
May 1995. . . . . . . . . . . 134,117 12,800 121,317 $5.59 $679
June 1995 . . . . . . . . . . 115,503 14,541 100,962 $5.51 $556
* 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, 1995
<CAPTION>
Three
Months
April May June Ended
1995 1995 1995 6/30/95
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . $ 65 $ 71 $ 56 $ 192
Benefits-UMW* . . . . . . . . . . . . . . . . 68 44 45 157
Office Salaries and Benefits. . . . . . . . . 68 74 74 216
Operating Materials . . . . . . . . . . . . . 45 22 17 84
Maintenance - Materials and Services. . . . . 60 22 37 119
Electricity . . . . . . . . . . . . . . . . . 40 33 29 102
Other Billed Services . . . . . . . . . . . . 22 20 9 51
Rent. . . . . . . . . . . . . . . . . . . . . 346 345 346 1,037
Amortization of Deferred Gain on
Sale of Plant . . . . . . . . . . . . . . . (20) (20) (20) (60)
Depreciation. . . . . . . . . . . . . . . . . 1 1 1 3
Cleaning Cost Normalization** . . . . . . . . 66 3 (107) (38)
Other . . . . . . . . . . . . . . . . . . . . 66 58 62 186
Total . . . . . . . . . . . . . . . $827 $673 $549 $2,049
* 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, 1995
<CAPTION>
April May June
1995 1995 1995
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . $44.04 * $45.99 * $46.06 *
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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