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Previous: CLOROX CO /DE/, S-8, 1996-11-27 |
Next: COMCAST CORP, 8-K, 1996-11-27 |
<PAGE>
CONESVILLE COAL PREPARATION COMPANY
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 23463
FOR THE QUARTER ENDED SEPTEMBER 30, 1996
CONTENTS
Page
Statements of Income 1
Balance Sheet 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
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF INCOME
BY MONTH,FOR THE QUARTER ENDED SEPTEMBER 30, 1996
(UNAUDITED)
<CAPTION>
Three
Months
July August September Ended
1996 1996 1996 9/30/96
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES - Services to Parent $700 $751 $645 $2,096
COST OF OPERATION 691 743 613 2,047
---- ---- ---- ------
OPERATING INCOME 9 8 32 49
NONOPERATING INCOME 1 1 1 3
---- ---- ---- ------
INCOME BEFORE FEDERAL INCOME TAXES 10 9 33 52
FEDERAL INCOME TAXES 4 3 27 34
---- ---- ---- ------
NET INCOME $6 $6 $6 $18
==== ==== ==== ======
The common stock of the Company is wholly
owned by Columbus Southern Power Company.
</TABLE>
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF INCOME
BY MONTH,FOR THE QUARTER ENDED SEPTEMBER 30, 1996
(UNAUDITED)
<CAPTION>
Three
Months
July August September Ended
1996 1996 1996 9/30/96
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES - Services to Parent $700 $751 $645 $2,096
COST OF OPERATION 691 743 613 2,047
---- ---- ---- ------
OPERATING INCOME 9 8 32 49
NONOPERATING INCOME 1 1 1 3
---- ---- ---- ------
INCOME BEFORE FEDERAL INCOME TAXES 10 9 33 52
FEDERAL INCOME TAXES 4 3 27 34
---- ---- ---- ------
NET INCOME $6 $6 $6 $18
==== ==== ==== ======
The common stock of the Company is wholly
owned by Columbus Southern Power Company.
</TABLE>
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
BALANCE SHEETS
BY MONTH-END, FOR THE QUARTER ENDED SEPTEMBER 30, 1996
(UNAUDITED)
<CAPTION>
July 31, August 31, September 30,
1996 1996 1996
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service $1,416 $1,038 $1,038
Accumulated Amortization 1,000 632 643
------ ------ ------
NET MINING PLANT 416 406 395
------ ------ ------
CURRENT ASSETS:
Cash and Cash Equivalents 15 46 349
Accounts Receivable -
General 165 164 163
Affiliated Companies 1,949 2,160 2,486
Materials and Supplies 844 855 868
Other 259 246 85
------ ------ ------
TOTAL CURRENT ASSETS 3,232 3,471 3,951
------ ------ ------
DEFERRED INCOME TAXES 679 681 684
------ ------ ------
REGULATORY ASSETS 255 251 248
------ ------ ------
DEFERRED CHARGES 47 26 12
------ ------ ------
TOTAL $4,629 $4,835 $5,290
====== ====== ======
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 721 727 733
------ ------ ------
TOTAL SHAREHOLDER'S EQUITY 1,221 1,227 1,233
------ ------ ------
OTHER NONCURRENT LIABILITIES 909 907 903
------ ------ ------
CURRENT LIABILITIES:
Accounts Payable:
General 140 97 168
Affiliated Companies 156 236 102
Accrued Rentals 318 607 896
Other 275 290 374
------ ------ ------
TOTAL CURRENT LIABILITIES 889 1,230 1,540
------ ------ ------
DEFERRED GAIN ON SALE OF PLANT 1,282 1,262 1,243
------ ------ ------
REGULATORY LIABILITIES 328 209 371
------ ------ ------
TOTAL $4,629 $4,835 $5,290
====== ====== ======
</TABLE>
<PAGE>
<TABLE>
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, 1996
<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 1996 186,959 28,946 158,013 $4.43 $700
August 1996 194,674 25,079 169,595 $4.43 $751
September 1996 187,629 27,462 160,167 $4.03 $645
* Jointly owned by Cincinnati Gas & Electric Company, Dayton Power &
Company and Columbus Southern Power Company, the parent of Conesvil
Preparation Company.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY
PRICE PER TON OF COAL DELIVERIES
BY MONTH,FOR THE QUARTER ENDED SEPTEMBER 30, 1996
<CAPTION>
July August September
1996 1996 1996
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) $42.65 (b) $43.26 (b) $42.39 (b)
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.
(b) Average price per ton.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY
PRICE PER TON OF COAL DELIVERIES
BY MONTH,FOR THE QUARTER ENDED SEPTEMBER 30, 1996
<CAPTION>
July August September
1996 1996 1996
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) $42.65 (b) $43.26 (b) $42.39 (b)
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.
(b) Average price per ton.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY
PRICE PER TON OF COAL DELIVERIES
BY MONTH,FOR THE QUARTER ENDED SEPTEMBER 30, 1996
<CAPTION>
July August September
1996 1996 1996
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) $42.65 (b) $43.26 (b) $42.39 (b)
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.
(b) Average price per ton.
</TABLE>
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