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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, 1995
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, 1995
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
January 31, February 28, March 31, March 31,
1995 1995 1995 1995
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . . $846 $828 $857 $2,531
COST OF OPERATION. . . . . . . . . . 837 820 849 2,506
OPERATING INCOME . . . . . . . . . . 9 8 8 25
FEDERAL INCOME TAXES . . . . . . . . 3 2 3 8
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 MARCH 31, 1995
(UNAUDITED)
<CAPTION>
January 31, February 28, March 31,
1995 1995 1995
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . . $1,457 $1,447 $1,447
Accumulated Amortization. . . . . . . . . . . . 939 943 957
NET MINING PLANT . . . . . . . . . . . . 518 504 490
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . 11 28 19
Accounts Receivable - Affiliated Companies. . . 2,075 2,515 2,851
Materials and Supplies. . . . . . . . . . . . . 862 869 887
Other . . . . . . . . . . . . . . . . . . . . . 27 16 4
TOTAL CURRENT ASSETS . . . . . . . . . . 2,975 3,428 3,761
DEFERRED FEDERAL INCOME TAXES . . . . . . . . . . 676 680 682
REGULATORY ASSETS . . . . . . . . . . . . . . . . 318 315 311
DEFERRED CHARGES. . . . . . . . . . . . . . . . . 27 64 62
TOTAL. . . . . . . . . . . . . . . . . $4,514 $4,991 $5,306
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 . . . . . . . . . . . . . . . 616 622 627
TOTAL SHAREOWNER'S EQUITY. . . . . . . . 1,116 1,122 1,127
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 723 736 733
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . 61 132 161
Affiliated Companies. . . . . . . . . . . . . 99 163 93
Accrued Rent. . . . . . . . . . . . . . . . . . 327 616 905
Other . . . . . . . . . . . . . . . . . . . . . 434 399 410
TOTAL CURRENT LIABILITIES. . . . . . . . 921 1,310 1,569
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . . 1,637 1,617 1,598
REGULATORY LIABILITIES. . . . . . . . . . . . . . 117 206 279
TOTAL. . . . . . . . . . . . . . . . . $4,514 $4,991 $5,306
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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, 1995
<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 1995. . . . . . . . . . . 174,190 23,088 151,102 $5.60 $846
February 1995 . . . . . . . . . . 166,493 19,896 146,597 $5.65 $828
March 1995. . . . . . . . . . . . 172,273 21,111 151,162 $5.67 $857
* 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, 1995
<CAPTION>
Three
Months
January February March Ended
1995 1995 1995 3/31/95
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . . . $ 73 $ 67 $ 76 $ 216
Benefits-UMW* . . . . . . . . . . . . . . . . . . 64 73 50 187
Office Salaries and Benefits. . . . . . . . . . . 70 72 84 226
Operating Materials . . . . . . . . . . . . . . . 51 43 62 156
Maintenance - Materials and Services. . . . . . . 17 40 28 85
Electricity . . . . . . . . . . . . . . . . . . . 59 57 51 167
Other Billed Services . . . . . . . . . . . . . . 15 16 37 68
Rent. . . . . . . . . . . . . . . . . . . . . . . 343 342 342 1,027
Amortization of Deferred Gain on Sale of Plant. . (20) (20) (19) (59)
Depreciation. . . . . . . . . . . . . . . . . . . 1 1 1 3
Cleaning Cost Normalization** . . . . . . . . . . 117 88 74 279
Other . . . . . . . . . . . . . . . . . . . . . . 47 41 63 151
Total . . . . . . . . . . . . . . . . . $837 $820 $849 $2,506
* 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, 1995
<CAPTION>
January February March
1995 1995 1995
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . . $44.38 * $45.07 * $44.99 *
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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