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<PAGE>
CONESVILLE COAL PREPARATION COMPANY
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 23463
FOR THE QUARTER ENDED DECEMBER 31, 1995
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 DECEMBER 31, 1995
(UNAUDITED)
<CAPTION>
Three
Months
October November December Ended
1995 1995 1995 12/31/95
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES - Services to Parent $761 $765 $670 $2,196
COST OF OPERATION 753 758 658 2,169
---- ---- ---- ------
OPERATING INCOME 8 7 12 27
FEDERAL INCOME TAXES 2 1 6 9
---- ---- ---- ------
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 DECEMBER 31, 1995
(UNAUDITED)
<CAPTION>
October 31, November 30, December 31,
1995 1995 1995
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service $1,404 $1,404 $1,404
Accumulated Amortization 932 943 953
------ ------ ------
NET MINING PLANT 472 461 451
------ ------ ------
CURRENT ASSETS:
Cash and Cash Equivalents 51 54 18
Accounts Receivable -
Affiliated Companies 2,019 2,386 2,601
Materials and Supplies 872 868 880
Other 86 70 54
------ ------ ------
TOTAL CURRENT ASSETS 3,028 3,378 3,553
------ ------ ------
DEFERRED INCOME TAXES 660 670 669
------ ------ ------
REGULATORY ASSETS 287 284 280
------ ------ ------
DEFERRED CHARGES 15 22 47
------ ------ ------
TOTAL $4,462 $4,815 $5,000
====== ====== ======
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 668 674 680
------ ------ ------
TOTAL SHAREHOLDER'S EQUITY 1,168 1,174 1,180
------ ------ ------
OTHER NONCURRENT LIABILITIES 911 916 921
------ ------ ------
CURRENT LIABILITIES:
Accounts Payable:
General 143 151 208
Affiliated Companies 81 122 134
Accrued Rentals 327 616 867
Other 264 271 270
------ ------ ------
TOTAL CURRENT LIABILITIES 815 1,160 1,479
------ ------ ------
DEFERRED GAIN ON SALE OF PLANT 1,459 1,439 1,420
------ ------ ------
REGULATORY LIABILITIES 109 126 -
------ ------ ------
TOTAL $4,462 $4,815 $5,000
====== ====== ======
</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 DECEMBER 31, 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>
October 1995 210,243 27,294 182,949 $4.16 $761
November 1995 223,963 31,069 192,894 $3.97 $765
December 1995 167,313 22,629 144,684 $4.63 $670
* Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light
Company and Columbus Southern Power Company, the parent of Conesville Coal
Preparation Company.
</TABLE>
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF COST OF OPERATION
BY MONTH,FOR THE QUARTER ENDED DECEMBER 31, 1995
(UNAUDITED)
<CAPTION>
Three
Months
October November December Ended
1995 1995 1995 12/31/95
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW* $79 $78 $64 $221
Benefits-UMW* 49 39 69 157
Office Salaries and Benefits 72 73 84 229
Operating Materials 28 39 14 81
Maintenance - Materials and Services 108 84 63 255
Electricity 40 51 60 151
Other Billed Service 17 13 58 88
Rentals 338 339 339 1,016
Amortization of Deferred Gain
on Sale of Plant (20) (20) (19) (59)
Depreciation 2 3 3 8
Cleaning Cost Normalization** (12) 28 (127) (111)
Other 52 31 50 133
---- ---- ---- ------
Total $753 $758 $658 $2,169
==== ==== ==== ======
* United Mine Workers of America.
** Represents the deferral/accrual required to establish revenue based
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.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY
PRICE PER TON OF COAL DELIVERIES
BY MONTH,FOR THE QUARTER ENDED DECEMBER 31, 1995
<CAPTION>
October November December
1995 1995 1995
<S> <C> <C> <C>
Clean Coal Deliveries from
Conesville Coal
Preparation Plant (a) $40.89 (b) $39.63 (b) $40.49 (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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