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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 DECEMBER 31, 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 DECEMBER 31, 1997
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
October 31, November 30, December 31, December 31,
1997 1997 1997 1997
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . . $597 $688 $879 $2,164
COST OF OPERATION. . . . . . . . . . 589 679 861 2,129
OPERATING INCOME . . . . . . . . . . 8 9 18 35
FEDERAL INCOME TAXES . . . . . . . . 3 3 12 18
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 DECEMBER 31, 1997
(UNAUDITED)
<CAPTION>
October 31, November 30, December 31,
1997 1997 1997
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . . $ 770 $ 785 $ 785
Accumulated Amortization. . . . . . . . . . . . 460 468 475
NET MINING PLANT . . . . . . . . . . . . 310 317 310
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . 276 175 42
Accounts Receivable:
General . . . . . . . . . . . . . . . . . . . 24 24 29
Affiliated Companies. . . . . . . . . . . . . 2,111 2,552 2,823
Materials and Supplies. . . . . . . . . . . . . 894 840 810
Other . . . . . . . . . . . . . . . . . . . . . 21 19 17
TOTAL CURRENT ASSETS . . . . . . . . . . 3,326 3,610 3,721
DEFERRED FEDERAL INCOME TAXES . . . . . . . . . . 717 722 704
REGULATORY ASSETS . . . . . . . . . . . . . . . . 295 301 298
DEFERRED CHARGES. . . . . . . . . . . . . . . . . 116 114 135
TOTAL. . . . . . . . . . . . . . . . . $4,764 $5,064 $5,168
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 . . . . . . . . . . . . . . . 808 814 820
TOTAL SHAREHOLDER'S EQUITY . . . . . . . 1,308 1,314 1,320
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 1,124 1,139 1,156
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . 122 161 233
Affiliated Companies. . . . . . . . . . . . . 165 219 154
Accrued Rent. . . . . . . . . . . . . . . . . . 315 605 896
Other . . . . . . . . . . . . . . . . . . . . . 440 475 462
TOTAL CURRENT LIABILITIES. . . . . . . . 1,042 1,460 1,745
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . . 986 967 947
REGULATORY LIABILITIES. . . . . . . . . . . . . . 304 184 -
TOTAL. . . . . . . . . . . . . . . . . $4,764 $5,064 $5,168
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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 DECEMBER 31, 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>
October 1997 . . . . . . . . 211,480 23,008 188,472 $3.17 $597
November 1997. . . . . . . . 255,745 34,842 220,903 $3.11 $688
December 1997. . . . . . . . 256,257 31,833 224,424 $3.92 $879
* 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 DECEMBER 31, 1997
<CAPTION>
Three
Months
October November December Ended
1997 1997 1997 12/31/97
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . . $ 92 $ 89 $ 64 $ 245
Benefits-UMW* . . . . . . . . . . . . . . . . . 88 59 143 290
Office Salaries and Benefits. . . . . . . . . . 100 85 88 273
Operating Materials . . . . . . . . . . . . . . 48 50 55 153
Maintenance - Materials and Services. . . . . . 48 72 130 250
Electricity . . . . . . . . . . . . . . . . . . 46 58 76 180
Other Billed Services . . . . . . . . . . . . . 32 19 138 189
Rent. . . . . . . . . . . . . . . . . . . . . . 322 322 322 966
Amortization of Deferred Gain on Sale of Plant. (20) (19) (20) (59)
Depreciation. . . . . . . . . . . . . . . . . . 2 2 2 6
Cleaning Cost Normalization** . . . . . . . . . (222) (120) (184) (526)
Other . . . . . . . . . . . . . . . . . . . . . 53 62 47 162
Total . . . . . . . . . . . . . . . . . . $589 $ 679 $ 861 $2,129
* United Mine Workers of America.
** Represents the deferral/accrual required to establish revenue based on fore-
casted 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 DECEMBER 31, 1997
<CAPTION>
October November December
1997 1997 1997
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . $39.85 * $37.84 * $37.11 *
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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