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Previous: CENTRAL POWER & LIGHT CO /TX/, 35-CERT, 1996-05-30 |
Next: COMARCO INC, SC 13D/A, 1996-05-30 |
<PAGE>
CONESVILLE COAL PREPARATION COMPANY
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 23463
FOR THE QUARTER ENDED MARCH 31, 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 MARCH 31, 1996
(UNAUDITED)
<CAPTION>
Three
Months
January February March Ended
1996 1996 1996 3/31/96
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES - Services to Parent $821 $766 $774 $2,361
COST OF OPERATION 814 758 765 2,337
---- ---- ---- ------
OPERATING INCOME 7 8 9 24
FEDERAL INCOME TAXES 2 2 3 7
---- ---- ---- ------
NET INCOME $5 $6 $6 $17
==== ==== ==== ======
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 MARCH 31, 1996
(UNAUDITED)
<CAPTION>
January 31, February 29, March 31,
1996 1996 1996
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service $1,421 $1,433 $1,433
Accumulated Amortization 964 976 987
------ ------ ------
NET MINING PLANT 457 457 446
------ ------ ------
CURRENT ASSETS:
Cash and Cash Equivalents 8 76 46
Accounts Receivable -
Affiliated Companies 2,104 2,404 2,509
Materials and Supplies 879 898 871
Other 39 177 315
------ ------ ------
TOTAL CURRENT ASSETS 3,030 3,555 3,741
------ ------ ------
DEFERRED INCOME TAXES 672 670 671
------ ------ ------
REGULATORY ASSETS 277 273 269
------ ------ ------
DEFERRED CHARGES 36 29 24
------ ------ ------
TOTAL $4,472 $4,984 $5,151
====== ====== ======
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 685 691 697
------ ------ ------
TOTAL SHAREHOLDER'S EQUITY 1,185 1,191 1,197
------ ------ ------
OTHER NONCURRENT LIABILITIES 913 924 916
------ ------ ------
CURRENT LIABILITIES:
Accounts Payable:
General 191 215 135
Affiliated Companies 142 294 265
Accrued Rentals 318 607 896
Other 271 296 299
------ ------ ------
TOTAL CURRENT LIABILITIES 922 1,412 1,595
------ ------ ------
DEFERRED GAIN ON SALE OF PLANT 1,400 1,381 1,361
------ ------ ------
REGULATORY LIABILITIES 52 76 82
------ ------ ------
TOTAL $4,472 $4,984 $5,151
====== ====== ======
</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 MARCH 31, 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>
January 1996 187,236 27,792 159,444 $5.15 $821
February 1996 165,504 20,867 144,637 $5.30 $766
March 1996 161,210 20,637 140,573 $5.51 $774
* 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 MARCH 31, 1996
(UNAUDITED)
<CAPTION>
Three
Months
January February March Ended
1996 1996 1996 3/31/96
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW* $76 $74 $76 $226
Benefits-UMW* 48 46 65 159
Office Salaries and Benefits 81 75 80 236
Operating Materials 58 48 67 173
Maintenance - Materials and Services 40 55 73 168
Electricity 66 60 57 183
Other Billed Service 30 12 24 66
Rentals 329 337 327 993
Amortization of Deferred Gain
on Sale of Plant (20) (19) (20) (59)
Depreciation 2 2 3 7
Cleaning Cost Normalization** 52 24 6 82
Other 52 44 7 103
---- ---- ---- ------
Total $814 $758 $765 $2,337
==== ==== ==== ======
* 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 MARCH 31, 1996
<CAPTION>
January February March
1996 1996 1996
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) $44.66 (b) $44.36 (b) $43.83 (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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