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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, 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 JUNE 30, 2000
(UNAUDITED)
<CAPTION>
Three
Months
Month Ended Ended
April 30, May 31, June 30, June 30,
2000 2000 2000 2000
(in thousands)
<S> <C> <C> <C> <C>
OPERATING REVENUES -
Services to Parent . . . . . . . $777 $1,011 $913 $2,701
COST OF OPERATION. . . . . . . . . 762 997 896 2,655
OPERATING INCOME . . . . . . . . . 15 14 17 46
NONOPERATING LOSS. . . . . . . . . - - (2) (2)
INCOME BEFORE FEDERAL INCOME TAXES 15 14 15 44
FEDERAL INCOME TAXES . . . . . . . 9 8 9 26
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 JUNE 30, 2000
(UNAUDITED)
<CAPTION>
April 30, May 31, June 30,
2000 2000 2000
(in thousands)
<S> <C> <C> <C>
ASSETS
MINING PLANT:
Mining Plant in Service . . . . . . . . . . . $2,228 $2,220 $2,199
Accumulated Amortization. . . . . . . . . . . 891 939 982
NET MINING PLANT . . . . . . . . . . . 1,337 1,281 1,217
OTHER PROPERTY AND INVESTMENTS. . . . . . . . . 909 903 897
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . 13 6 8
Accounts Receivable:
General . . . . . . . . . . . . . . . . . . 4 3 4
Affiliated Companies. . . . . . . . . . . . 1,213 1,546 1,006
Advances to Affiliates. . . . . . . . . . . . - - 959
Materials and Supplies. . . . . . . . . . . . 876 890 913
Other . . . . . . . . . . . . . . . . . . . . - 2 1
TOTAL CURRENT ASSETS . . . . . . . . . 2,106 2,447 2,891
DEFERRED INCOME TAXES . . . . . . . . . . . . . 765 777 787
REGULATORY ASSETS . . . . . . . . . . . . . . . 309 305 482
TOTAL. . . . . . . . . . . . . . . . $5,426 $5,713 $6,274
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 . . . . . . . . . . . . . . 983 989 995
TOTAL SHAREHOLDER'S EQUITY . . . . . . 1,483 1,489 1,495
OTHER NONCURRENT LIABILITIES. . . . . . . . . . 2,053 2,056 2,238
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . 105 79 135
Affiliated Companies. . . . . . . . . . . . 334 313 314
Accrued Rentals . . . . . . . . . . . . . . . 289 594 867
Other . . . . . . . . . . . . . . . . . . . . 696 666 740
TOTAL CURRENT LIABILITIES. . . . . . . 1,424 1,652 2,056
DEFERRED GAIN ON SALE OF PLANT. . . . . . . . . 395 375 355
REGULATORY LIABILITIES & DEFERRED CREDITS . . . 71 141 130
TOTAL. . . . . . . . . . . . . . . . $5,426 $5,713 $6,274
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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, 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>
April 2000. . . . . . . . . . 172,945 24,064 148,881 $5.22 $ 777
May 2000. . . . . . . . . . . 234,328 35,030 199,298 $5.07 $1,011
June 2000 . . . . . . . . . . 213,705 32,202 181,503 $5.03 $ 913
* 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, 2000
<CAPTION>
Three
Months
April May June Ended
2000 2000 2000 6/30/00
(in thousands)
<S> <C> <C> <C> <C>
Labor-UMW*. . . . . . . . . . . . . . . . . . $ 72 $ 79 $ 79 $ 230
Benefits-UMW* . . . . . . . . . . . . . . . . 72 71 69 212
Office Salaries and Benefits. . . . . . . . . 101 96 92 289
Operating Materials . . . . . . . . . . . . . 40 41 39 120
Maintenance - Materials and Services. . . . . 51 72 131 254
Electricity . . . . . . . . . . . . . . . . . 51 52 52 155
Other Billed Services . . . . . . . . . . . . 102 120 58 280
Rent. . . . . . . . . . . . . . . . . . . . . 329 332 331 992
Amortization of Deferred Gain on
Sale of Plant . . . . . . . . . . . . . . . (19) (20) (20) (59)
Depreciation. . . . . . . . . . . . . . . . . 36 36 37 109
Cleaning Cost Normalization** . . . . . . . . (129) 73 (23) (79)
Other . . . . . . . . . . . . . . . . . . . . 56 45 51 152
Total . . . . . . . . . . . . . . . $762 $997 $896 $2,655
* 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, 2000
<CAPTION>
April May June
2000 2000 2000
<S> <C> <C> <C>
Clean Coal Deliveries from Conesville Coal
Preparation Plant (a) . . . . . . . . . . . . . . . . $30.06 * $30.75 * $31.18 *
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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