<PAGE>
CONESVILLE COAL PREPARATION COMPANY
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 23463
BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 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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<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF INCOME
BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 2000
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
July 31, August 31, September 30, September 30,
2000 2000 2000 2000
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . $546 $1,162 $818 $2,526
COST OF OPERATION. . . . . 532 1,152 806 2,490
OPERATING INCOME . . . . . 14 10 12 36
NONOPERATING INCOME. . . . 1 4 5 10
INCOME BEFORE FEDERAL
INCOME TAXES . . . . . . 15 14 17 46
FEDERAL INCOME TAXES . . . 9 9 11 29
NET INCOME . . . . . . . . $ 6 $ 5 $ 6 $ 17
The common stock of the Company is wholly owned by Columbus Southern Power
Company.
</TABLE>
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<TABLE>
CONESVILLE COAL PREPARATION COMPANY
BALANCE SHEETS
BY MONTH-END, FOR THE QUARTER ENDED SEPTEMBER 30, 2000
(UNAUDITED)
<CAPTION>
July 31, August 31, September 30,
2000 2000 2000
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . $2,195 $2,195 $2,160
Accumulated Amortization. . . . . . . . . 1,033 1,088 1,122
NET MINING PLANT . . . . . . . . . 1,162 1,107 1,038
OTHER PROPERTY AND INVESTMENTS. . . . . . . 891 887 881
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . 3 6 69
Accounts Receivable:
General . . . . . . . . . . . . . . . . 4 3 3
Affiliated Companies. . . . . . . . . . 613 1,231 824
Advances to Affiliates. . . . . . . . . . 528 624 1,257
Materials and Supplies. . . . . . . . . . 922 904 916
Other . . . . . . . . . . . . . . . . . . - - 6
TOTAL CURRENT ASSETS . . . . . . . 2,070 2,768 3,075
DEFERRED INCOME TAXES . . . . . . . . . . . 787 799 801
REGULATORY ASSETS . . . . . . . . . . . . . 478 475 471
DEFERRED CHARGES. . . . . . . . . . . . . . 26 - -
TOTAL. . . . . . . . . . . . . . $5,414 $6,036 $6,266
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 . . . . . . . . . . . . 1,001 1,006 1,012
TOTAL SHAREHOLDER'S EQUITY . . . . 1,501 1,506 1,512
OTHER NONCURRENT LIABILITIES. . . . . . . . 2,240 2,214 2,206
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . 95 107 92
Affiliated Companies. . . . . . . . . . 316 304 307
Accrued Rentals . . . . . . . . . . . . . 289 578 867
Other . . . . . . . . . . . . . . . . . . 637 729 674
TOTAL CURRENT LIABILITIES. . . . . 1,337 1,718 1,940
DEFERRED GAIN ON SALE OF PLANT. . . . . . . 335 316 296
REGULATORY LIABILITIES. . . . . . . . . . . 1 282 312
TOTAL. . . . . . . . . . . . . . $5,414 $6,036 $6,266
</TABLE>
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<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF QUANTITIES OF COAL PROCESSED AND
CUSTOMER BILLINGS FOR COAL WASHING SERVICES
BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 2000
<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>
July 2000. . . . . . . . . . 149,291 18,509 130,782 $4.17 $546
August 2000. . . . . . . . . 323,088 41,061 282,027 $4.12 $1,162
September 2000 . . . . . . . 269,568 41,402 228,166 $3.59 $818
* Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light
Company and Columbus Southern Power Company, the parent of Conesville Coal
Preparation Company.
</TABLE>
<PAGE>
<TABLE>
CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF COST OF OPERATION
BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 2000
<CAPTION>
Three
Months
July August September Ended
2000 2000 2000 9/30/00
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . .$ 57 $ 101 $ 87 $ 245
Benefits-UMW* . . . . . . . . . . . . . . . 66 58 68 192
Office Salaries and Benefits. . . . . . . . 89 83 93 265
Operating Materials . . . . . . . . . . . . 27 48 38 113
Maintenance - Materials and Services. . . . (31) 101 46 116
Electricity . . . . . . . . . . . . . . . . 41 67 57 165
Other Billed Services . . . . . . . . . . . 6 14 21 41
Rentals . . . . . . . . . . . . . . . . . . 328 328 326 982
Amortization of Deferred Gain
on Sale of Plant. . . . . . . . . . . . . (20) (19) (20) (59)
Depreciation. . . . . . . . . . . . . . . . 37 36 36 109
Cleaning Cost Normalization** . . . . . . . (112) 302 34 224
Other . . . . . . . . . . . . . . . . . . . 44 33 20 97
Total . . . . . . . . . . . . . .$ 532 $1,152 $ 806 $2,490
* 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.
</TABLE>
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<TABLE>
COLUMBUS SOUTHERN POWER COMPANY
PRICE PER TON OF COAL DELIVERIES
BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 2000
<CAPTION>
July August September
2000 2000 2000
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . $31.36 * $30.60 * $31.43 *
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.
</TABLE>
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