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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 MARCH 31, 2000
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 MARCH 31, 2000
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
January 31, February 28, March 31, March 31,
2000 2000 2000 2000
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . . $858 $864 $871 $2,593
COST OF OPERATION. . . . . . . . . . 842 848 855 2,545
OPERATING INCOME . . . . . . . . . . 16 16 16 48
FEDERAL INCOME TAXES . . . . . . . . 10 10 11 31
NET INCOME . . . . . . . . . . . . . $ 6 $ 6 $ 5 $ 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 MARCH 31, 2000
(UNAUDITED)
<CAPTION>
January 31, February 28, March 31,
2000 2000 2000
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . . $ 840 $ 841 $ 841
Accumulated Amortization. . . . . . . . . . . . 556 565 574
NET MINING PLANT . . . . . . . . . . . . 284 276 267
OTHER PROPERTY AND INVESTMENTS. . . . . . . . . . 803 795 789
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . 424 793 1,310
Accounts Receivable:
General . . . . . . . . . . . . . . . . . . . 4 6 6
Affiliated Companies. . . . . . . . . . . . . 306 816 902
Materials and Supplies. . . . . . . . . . . . . 929 813 821
Other . . . . . . . . . . . . . . . . . . . . . 10 8 6
TOTAL CURRENT ASSETS . . . . . . . . . . 1,673 2,436 3,045
DEFERRED INCOME TAXES . . . . . . . . . . . . . . 708 710 716
REGULATORY ASSETS . . . . . . . . . . . . . . . . 280 277 273
DEFERRED CHARGES. . . . . . . . . . . . . . . . . 1,466 1,472 1,592
TOTAL. . . . . . . . . . . . . . . . . $5,214 $5,966 $6,682
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 . . . . . . . . . . . . . . . 896 902 907
TOTAL SHAREHOLDER'S EQUITY . . . . . . . 1,396 1,402 1,407
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 1,392 1,408 1,422
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . 219 247 259
Affiliated Companies. . . . . . . . . . . . . 299 371 328
Accrued Rentals . . . . . . . . . . . . . . . . 313 625 940
Other . . . . . . . . . . . . . . . . . . . . . 869 1,209 1,641
TOTAL CURRENT LIABILITIES. . . . . . . . 1,700 2,452 3,168
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . . 690 671 651
REGULATORY LIABILITIES. . . . . . . . . . . . . . 36 33 34
TOTAL. . . . . . . . . . . . . . . . . $5,214 $5,966 $6,682
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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 MARCH 31, 2000
<CAPTION>
Services Rendered to
Columbus Southern Raw Clean
Power Company's Coal Coal Average
Conesville Plant* Input Rejects Output Unit Price Amount
(Month/Year) (tons) (tons) (tons) (per ton) (000)
<S> <C> <C> <C> <C> <C>
January 2000. . . . . . . . . . . 197,513 31,571 165,942 $5.17 $858
February 2000 . . . . . . . . . . 184,333 17,811 166,522 $5.19 $864
March 2000. . . . . . . . . . . . 191,028 26,391 164,637 $5.29 $871
* 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 MARCH 31, 2000
<CAPTION>
Three
Months
January February March Ended
2000 2000 2000 3/31/00
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . . . $104 $ 96 $ 89 $ 289
Benefits-UMW* . . . . . . . . . . . . . . . . . . 83 81 71 235
Office Salaries and Benefits. . . . . . . . . . . 80 86 127 293
Operating Materials . . . . . . . . . . . . . . . 30 70 49 149
Maintenance - Materials and Services. . . . . . . 68 53 88 209
Electricity . . . . . . . . . . . . . . . . . . . 67 62 71 200
Other Billed Services . . . . . . . . . . . . . . 12 30 22 64
Rentals . . . . . . . . . . . . . . . . . . . . . 320 318 321 959
Amortization of Deferred Gain on Sale of Plant. . (20) (19) (20) (59)
Depreciation. . . . . . . . . . . . . . . . . . . 2 3 3 8
Cleaning Cost Normalization** . . . . . . . . . . 36 (3) 1 34
Other . . . . . . . . . . . . . . . . . . . . . . 60 71 33 164
Total . . . . . . . . . . . . . . . . . $842 $848 $855 $2,545
* 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 MARCH 31, 2000
<CAPTION>
January February March
2000 2000 2000
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . . $35.41 * $34.00 * $34.13 *
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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