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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, 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 SEPTEMBER 30, 1995
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
July 31, August 31, September 30, September 30,
1995 1995 1995 1995
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . $617 $744 $654 $2,015
COST OF OPERATION. . . . . 609 735 647 1,991
OPERATING INCOME . . . . . 8 9 7 24
NONOPERATING LOSS. . . . . - (1) - (1)
INCOME BEFORE FEDERAL
INCOME TAXES . . . . . . 8 8 7 23
FEDERAL INCOME TAXES . . . 2 2 2 6
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, 1995
(UNAUDITED)
<CAPTION>
July 31, August 31, September 30,
1995 1995 1995
(in thousands)
ASSETS
<S> <C> <C> <C>
MINING PLANT:
Mining Plant in Service . . . . . . . . . $1,354 $1,388 $1,404
Accumulated Amortization. . . . . . . . . 901 907 921
NET MINING PLANT . . . . . . . . . 453 481 483
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . 69 89 12
Accounts Receivable:
General . . . . . . . . . . . . . . . . 5 5 3
Affiliated Companies. . . . . . . . . . 1,854 2,309 2,567
Materials and Supplies. . . . . . . . . . 930 941 901
Other . . . . . . . . . . . . . . . . . . 100 86 76
TOTAL CURRENT ASSETS . . . . . . . 2,958 3,430 3,559
DEFERRED INCOME TAXES . . . . . . . . . . . 687 668 664
REGULATORY ASSETS . . . . . . . . . . . . . 297 293 289
DEFERRED CHARGES. . . . . . . . . . . . . . 54 18 19
TOTAL. . . . . . . . . . . . . . $4,449 $4,890 $5,014
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 . . . . . . . . . . . . 651 657 662
TOTAL SHAREHOLDER'S EQUITY . . . . 1,151 1,157 1,162
OTHER NONCURRENT LIABILITIES. . . . . . . . 764 770 787
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . 102 136 116
Affiliated Companies. . . . . . . . . . 71 111 111
Accrued Rentals . . . . . . . . . . . . . 289 616 867
Other . . . . . . . . . . . . . . . . . . 377 369 381
TOTAL CURRENT LIABILITIES. . . . . 839 1,232 1,475
DEFERRED GAIN ON SALE OF PLANT. . . . . . . 1,518 1,499 1,479
REGULATORY LIABILITIES. . . . . . . . . . . 177 232 111
TOTAL. . . . . . . . . . . . . . $4,449 $4,890 $5,014
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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, 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>
July 1995. . . . . . . . . . 129,417 16,899 112,518 $5.48 $617
August 1995. . . . . . . . . 157,615 18,357 139,258 $5.34 $744
September 1995 . . . . . . . 146,208 16,810 129,398 $5.06 $654
* 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, 1995
<CAPTION>
Three
Months
July August September Ended
1995 1995 1995 9/30/95
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . $ 54 $ 76 $ 64 $ 194
Benefits-UMW* . . . . . . . . . . . . . . . 37 48 55 140
Office Salaries and Benefits. . . . . . . . 74 79 73 226
Operating Materials . . . . . . . . . . . . 16 25 5 46
Maintenance - Materials and Services. . . . 41 30 60 131
Electricity . . . . . . . . . . . . . . . . 28 36 32 96
Other Billed Services . . . . . . . . . . . 48 18 80 146
Rentals . . . . . . . . . . . . . . . . . . 342 342 345 1,029
Amortization of Deferred Gain
on Sale of Plant. . . . . . . . . . . . . (20) (19) (20) (59)
Depreciation. . . . . . . . . . . . . . . . 1 1 2 4
Cleaning Cost Normalization** . . . . . . . (64) 56 (122) (130)
Other . . . . . . . . . . . . . . . . . . . 52 43 73 168
Total . . . . . . . . . . . . . . $609 $735 $ 647 $1,991
* 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, 1995
<CAPTION>
July August September
1995 1995 1995
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . $44.57 * $45.07 * $45.02 *
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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