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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, 1999
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, 1999
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
October 31, November 30, December 31, December 31,
1999 1999 1999 1999
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . . $833 $930 $962 $2,725
COST OF OPERATION. . . . . . . . . . 814 915 938 2,667
OPERATING INCOME . . . . . . . . . . 19 15 24 58
INTEREST CHARGES . . . . . . . . . . - - (9) (9)
INCOME BEFORE FEDERAL INCOME TAXES . 19 15 15 49
FEDERAL INCOME TAX EXPENSE (CREDIT). 13 9 9 31
NET INCOME . . . . . . . . . . . . . $ 6 $ 6 $ 6 $ 18
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, 1999
(UNAUDITED)
<CAPTION>
October 31, November 30, December 31,
1999 1999 1999
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . . $2,209 $2,209 $2,208
Accumulated Amortization. . . . . . . . . . . . 557 600 669
NET MINING PLANT . . . . . . . . . . . . 1,652 1,609 1,539
OTHER PROPERTY AND INVESTMENTS. . . . . . . . . . 867 860 853
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . 17 16 11
Accounts Receivable:
General . . . . . . . . . . . . . . . . . . . 3 3 10
Affiliated Companies. . . . . . . . . . . . . 729 1,326 723
Materials and Supplies. . . . . . . . . . . . . 885 895 899
Other . . . . . . . . . . . . . . . . . . . . . 9 8 13
TOTAL CURRENT ASSETS . . . . . . . . . . 1,643 2,248 1,656
DEFERRED FEDERAL INCOME TAXES . . . . . . . . . . 768 781 713
REGULATORY ASSETS . . . . . . . . . . . . . . . . 248 327 323
DEFERRED CHARGES. . . . . . . . . . . . . . . . . 179 72 14
TOTAL. . . . . . . . . . . . . . . . . $5,357 $5,897 $5,098
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 . . . . . . . . . . . . . . . 948 954 960
TOTAL SHAREHOLDER'S EQUITY . . . . . . . 1,448 1,454 1,460
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 1,915 2,031 2,029
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . 97 111 128
Affiliated Companies. . . . . . . . . . . . . 512 599 395
Accrued Rent. . . . . . . . . . . . . . . . . . 289 602 -
Other . . . . . . . . . . . . . . . . . . . . . 583 607 613
TOTAL CURRENT LIABILITIES. . . . . . . . 1,481 1,919 1,136
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . . 513 493 473
TOTAL. . . . . . . . . . . . . . . . . $5,357 $5,897 $5,098
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CONESVILLE COAL PREPARATION COMPANY
STATEMENTS OF QUANTITIES OF COAL PROCESSED AND
BILLINGS FOR COAL WASHING SERVICES
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1999
<CAPTION>
Services Rendered to
Columbus Southern Raw Clean
Power Company's Coal Coal Service
Conesville Plant* Input Rejects Output Unit Price Billings
(Month/Year) (tons) (tons) (tons) (per ton) (000)
<S> <C> <C> <C> <C> <C>
October 1999 . . . . . . . . 205,942 27,568 178,374 $4.67 $833
November 1999. . . . . . . . 223,136 24,372 198,764 $4.68 $930
December 1999. . . . . . . . 226,956 33,458 193,498 $4.97 $962
* 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, 1999
<CAPTION>
Three
Months
October November December Ended
1999 1999 1999 12/31/99
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . . $ 83 $ 74 $ 87 $ 244
Benefits-UMW* . . . . . . . . . . . . . . . . . 80 74 70 224
Office Salaries and Benefits. . . . . . . . . . 89 95 74 258
Operating Materials . . . . . . . . . . . . . . 43 64 50 157
Maintenance - Materials and Services. . . . . . 131 39 58 228
Electricity . . . . . . . . . . . . . . . . . . 52 54 77 183
Other Billed Services . . . . . . . . . . . . . 26 19 11 56
Rent. . . . . . . . . . . . . . . . . . . . . . 337 336 336 1,009
Amortization of Deferred Gain on Sale of Plant. (19) (20) (20) (59)
Depreciation. . . . . . . . . . . . . . . . . . 37 37 37 111
Cleaning Cost Normalization** . . . . . . . . . (56) 101 128 173
Other . . . . . . . . . . . . . . . . . . . . . 11 42 30 83
Total . . . . . . . . . . . . . . . . . . $814 $915 $938 $2,667
* 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, 1999
<CAPTION>
October November December
1999 1999 1999
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . $29.70 * $29.89 * $31.14 *
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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