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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 JUNE 30, 1997
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 JUNE 30, 1997
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
April 30, May 31, June 30, June 30,
1997 1997 1997 1997
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . $916 $920 $997 $2,833
COST OF OPERATION. . . . . . . . . 904 908 987 2,799
OPERATING INCOME . . . . . . . . . 12 12 10 34
NONOPERATING INCOME. . . . . . . . - - 2 2
INCOME BEFORE FEDERAL INCOME TAXES 12 12 12 36
FEDERAL INCOME TAXES . . . . . . . 7 6 6 19
NET INCOME . . . . . . . . . . . . $ 5 $ 6 $ 6 $ 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 JUNE 30, 1997
(UNAUDITED)
<CAPTION>
April 30, May 31, June 30,
1997 1997 1997
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . $1,038 $ 755 $ 781
Accumulated Amortization. . . . . . . . . . . 712 436 442
NET MINING PLANT . . . . . . . . . . . 326 319 339
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . 42 123 10
Accounts Receivable:
General . . . . . . . . . . . . . . . . . . 11 2 4
Affiliated Companies. . . . . . . . . . . . 2,865 3,310 3,852
Materials and Supplies. . . . . . . . . . . . 895 889 910
Other . . . . . . . . . . . . . . . . . . . . 141 126 110
TOTAL CURRENT ASSETS . . . . . . . . . 3,954 4,450 4,886
DEFERRED INCOME TAXES . . . . . . . . . . . . . 708 713 718
REGULATORY ASSETS . . . . . . . . . . . . . . . 217 213 234
DEFERRED CHARGES. . . . . . . . . . . . . . . . 6 8 7
TOTAL. . . . . . . . . . . . . . . . $5,211 $5,703 $6,184
CAPITALIZATION AND LIABILITIES
SHAREHOLDER'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 . . . . . . . . . . . . . . 773 779 785
TOTAL SHAREHOLDER'S EQUITY . . . . . . 1,273 1,279 1,285
OTHER NONCURRENT LIABILITIES. . . . . . . . . . 1,101 1,110 1,140
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . 133 112 163
Affiliated Companies. . . . . . . . . . . . 108 106 125
Accrued Rentals . . . . . . . . . . . . . . . 316 605 894
Other . . . . . . . . . . . . . . . . . . . . 328 375 397
TOTAL CURRENT LIABILITIES. . . . . . . 885 1,198 1,579
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . 1,105 1,085 1,065
REGULATORY LIABILITIES. . . . . . . . . . . . . 847 1,031 1,115
TOTAL. . . . . . . . . . . . . . . . $5,211 $5,703 $6,184
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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 JUNE 30, 1997
<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 1997. . . . . . . . . . 224,576 25,919 198,657 $4.61 $916
May 1997. . . . . . . . . . . 233,397 32,373 201,024 $4.58 $920
June 1997 . . . . . . . . . . 249,500 26,667 222,833 $4.47 $997
* 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 JUNE 30, 1997
<CAPTION>
Three
Months
April May June Ended
1997 1997 1997 6/30/97
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . $ 85 $ 85 $ 98 $ 268
Benefits-UMW* . . . . . . . . . . . . . . . . 72 68 58 198
Office Salaries and Benefits. . . . . . . . . 90 81 100 271
Operating Materials . . . . . . . . . . . . . 53 41 65 159
Maintenance - Materials and Services. . . . . 51 32 124 207
Electricity . . . . . . . . . . . . . . . . . 41 39 39 119
Other Billed Services . . . . . . . . . . . . 36 21 43 100
Rent. . . . . . . . . . . . . . . . . . . . . 328 322 322 972
Amortization of Deferred Gain on
Sale of Plant . . . . . . . . . . . . . . . (19) (20) (20) (59)
Depreciation. . . . . . . . . . . . . . . . . 2 2 3 7
Cleaning Cost Normalization** . . . . . . . . 114 184 84 382
Other . . . . . . . . . . . . . . . . . . . . 51 53 71 175
Total . . . . . . . . . . . . . . . $904 $908 $987 $2,799
* 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 JUNE 30, 1997
<CAPTION>
April May June
1997 1997 1997
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . $40.82 * $40.88 * $39.23 *
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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