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<PAGE>
CONESVILLE COAL PREPARATION COMPANY
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 23463
FOR THE QUARTER ENDED JUNE 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 JUNE 30, 1996
(UNAUDITED)
<CAPTION>
Three
Months
April May June Ended
1996 1996 1996 6/30/96
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES - Services to Parent $846 $486 $629 $1,961
COST OF OPERATION 836 478 707 2,021
---- ---- ---- ------
OPERATING INCOME (LOSS) 10 8 (78) (60)
NONOPERATING INCOME 1 1 1 3
---- ---- ---- ------
INCOME (LOSS) BEFORE INTEREST CHARGES 11 9 (77) (57)
INTEREST CHARGES 1 - - 1
---- ---- ---- ------
INCOME (LOSS) BEFORE FEDERAL INCOME TAXES 10 9 (77) (58)
FEDERAL INCOME TAX EXPENSE (CREDIT) 4 3 (83) (76)
---- ---- ---- ------
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 JUNE 30, 1996
(UNAUDITED)
<CAPTION>
April 30, May 31, June 30,
1996 1996 1996
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service $1,433 $1,416 $1,416
Accumulated Amortization 1,001 979 990
------ ------ ------
NET MINING PLANT 432 437 426
------ ------ ------
CURRENT ASSETS:
Cash and Cash Equivalents 55 34 71
Accounts Receivable -
General 1 161 162
Affiliated Companies 2,060 2,213 2,415
Materials and Supplies 836 869 862
Other 299 284 270
------ ------ ------
TOTAL CURRENT ASSETS 3,251 3,561 3,780
------ ------ ------
DEFERRED INCOME TAXES 678 683 686
------ ------ ------
REGULATORY ASSETS 266 262 259
------ ------ ------
DEFERRED CHARGES 19 17 18
------ ------ ------
TOTAL $4,646 $4,960 $5,169
====== ====== ======
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 703 709 715
------ ------ ------
TOTAL SHAREHOLDER'S EQUITY 1,203 1,209 1,215
------ ------ ------
OTHER NONCURRENT LIABILITIES 913 919 918
------ ------ ------
CURRENT LIABILITIES:
Accounts Payable:
General 107 138 98
Affiliated Companies 42 81 134
Accrued Rentals 317 607 896
Other 328 363 262
------ ------ ------
TOTAL CURRENT LIABILITIES 794 1,189 1,390
------ ------ ------
DEFERRED GAIN ON SALE OF PLANT 1,341 1,321 1,302
------ ------ ------
REGULATORY LIABILITIES 395 322 344
------ ------ ------
TOTAL $4,646 $4,960 $5,169
====== ====== ======
</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 JUNE 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>
April 1996 166,535 18,164 148,371 $5.70 $846
May 1996 125,047 17,953 107,094 $4.54 $486
June 1996 157,281 18,776 138,505 $4.54 $629
* 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 JUNE 30, 1996
(UNAUDITED)
<CAPTION>
Three
Months
April May June Ended
1996 1996 1996 6/30/96
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW* $73 $74 $65 $212
Benefits-UMW* 54 60 63 177
Office Salaries and Benefits 75 (73) 77 79
Operating Materials (61) 7 33 (21)
Maintenance - Materials and Services (38) 69 25 56
Electricity 47 29 33 109
Other Billed Service 18 16 28 62
Rentals 328 328 328 984
Amortization of Deferred Gain
on Sale of Plant (20) (20) (19) (59)
Depreciation 2 2 2 6
Cleaning Cost Normalization** 313 (73) 22 262
Other 45 59 50 154
---- ---- ---- ------
Total $836 $478 $707 $2,021
==== ==== ==== ======
* 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 JUNE 30, 1996
<CAPTION>
April May June
1996 1996 1996
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) $42.67 (b) $43.27 (b) $42.56 (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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