File No. 69-184
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-3A-2
Statement by Holding Company Claiming Exemption
Under Rule U-2 from the Provisions of the Public
Utility Holding Company Act of 1935
Indiana Gas Company, Inc.
1630 North Meridian Street
Indianapolis, Indiana 46202
February 25, 1994
File No. 69-184
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Statement by Holding Company Claiming Exemption
Under Rule U-2 from the Provisions of the Public
Utility Holding Company Act of 1935 (Act)
INDIANA GAS COMPANY, INC.
hereby files with the Securities and Exchange
Commission (Commission), pursuant to Rule U-2, its
statement claiming exemption as a holding company from
the provisions of the Act.
In support of such claim for exemption the
following information is submitted:
1. Name, State of organization, location and nature of
business of claimant and every subsidiary thereof.
Indiana Gas Company, Inc. (Indiana Gas),
Claimant in this statement, is an Indiana
corporation with its principal offices in
Indianapolis, Indiana. Claimant is a "holding
company" (as such term is defined by the Act),
owning all of the issued and outstanding shares of
common stock of Terre Haute Gas Corporation, an
Indiana corporation (Terre Haute) and Richmond Gas
Corporation, an Indiana corporation (Richmond).
Indiana Gas is also directly engaged in the
business of supplying gas service at retail,
including transportation, to ultimate consumers,
all within the state of Indiana. Indiana Gas is a
"gas utility company" and a "public utility
company" (as such terms are defined by the Act).
Each of Terre Haute and Richmond is a "subsidiary
company" of Indiana Gas and is also a "gas utility
company" and a "public utility company" (as such
terms are defined by the Act). While Terre Haute
and Richmond technically exist as separate
corporate entities, in accordance with an order
issued by the Indiana Utility Regulatory
Commission, Indiana Gas, Terre Haute and Richmond
have combined their operations for all purposes and
are transacting business under the name Indiana Gas
Company, Inc. Pursuant to that order, Indiana Gas,
Terre Haute and Richmond maintain accounting
records and financial reports on a consolidated
basis. For purposes of this statement, any
reference to Indiana Gas will, in effect, be
inclusive of the separate corporate entities of
Richmond and Terre Haute.
2. A brief description of the properties of
claimant and each of its subsidiary public utility
companies used for the production, transmission and
distribution of natural or manufactured gas, indicating
the location of principal transmission lines, producing
fields, gas manufacturing plants and gas distribution
facilities, including all such properties which are
outside the State in which claimant and its
subsidiaries are organized and all transmission or
pipelines which deliver or receive gas at the borders
of such State.
The properties of Indiana Gas used for the
production, storage and distribution of gas are
located solely within the state of Indiana except
for pipeline facilities extending from points in
northern Kentucky to points in southern Indiana by
means of which gas is transported to Indiana for
sale or transportation by Indiana Gas to ultimate
customers in Indiana. At December 31, 1993, these
included approximately 9,657 miles of distribution
mains; 458,576 meters, seven reservoirs for
underground storage of purchased gas with
approximately 108,354 acres of land owned and/or
held under storage easements with 10,565,190 Dth of
gas in storage providing a daily deliverability
capacity of 148,652 Dth. Indiana Gas has four
liquefied petroleum air gas manufacturing plants
with a total daily capacity of 24,700 Dth of gas.
These properties are used by Indiana Gas in its gas
operations in which gas is supplied to
approximately 445,000 consumers in and adjacent to
281 communities located in 48 counties in the
southern two-thirds of Indiana. The largest
communities served are Muncie, Anderson,
Lafayette-West Lafayette, Bloomington, Terre Haute,
Marion, New Albany, Columbus, Jeffersonville, New
Castle and Richmond.
Indiana Gas obtains gas for its operations
primarily from out-of-state producers, marketers
and other sellers of gas pursuant to both
medium-term and short-term contracts. Gas is
transported to Indiana Gas' system by interstate
pipeline suppliers under Federal Energy Regulatory
Commission approved rate schedules.
3. The following information for the last
calendar year with respect to claimant and each of its
subsidiary public utility companies:
(a) Number of Dth of gas distributed at retail:
Company Calendar Year DTH
Indiana Gas 1993 96,464,000 (sales)
16,477,000 (transportation)
(b) Number of Dth of gas distributed at retail outside the
State in which each such company is organized:
None
(c) Number of Dth of gas sold at wholesale
outside the State in which each such company is
organized, or at the State line:
None
(d) Number of Dth of gas purchased outside the
State in which each such company is organized
or at the State line:
Indiana Gas purchased 92,439,000 Dth of gas
outside the state of Indiana during calendar
1993. These were purchases for system supply.
This gas was transported by interstate pipeline
companies to Indiana Gas' facilities within the
State or delivery points in northern Kentucky.
All such gas was sold by Indiana Gas and
consumed within the state of Indiana.
4. The following information for the reporting
period with respect to claimant and each interest it
holds directly or indirectly in a EWG or a foreign
utility company.
Inapplicable to claimant.
Exhibit A
A consolidated statement of income and a
consolidated statement of retained earnings of Indiana
Gas, for the calendar year 1993, together with a
consolidated balance sheet of Indiana Gas, as of the
close of such calendar year, are annexed hereto as
Exhibit A.
Exhibit B
Inapplicable at this time.
Exhibit C
Inapplicable to claimant.
The above named Claimant has caused this statement
to be duly executed on its behalf by its authorized
officer on this 25th day of February 1994.
INDIANA GAS COMPANY, INC.
(Name of Claimant)
By /s/Niel C. Ellerbrook
Niel C. Ellerbrook
Senior Vice President and
and Chief Financial Officer
Attest:
/s/Ronald E. Christian
Ronald E. Christian
Secretary and Senior Counsel
Name, title and address of officer to whom notices
and correspondence concerning this statement should be
addressed:
Niel C. Ellerbrook
Senior Vice President and
Chief Financial Officer
Indiana Gas Company, Inc.
1630 North Meridian Street
Indianapolis, Indiana 46202
<TABLE>
<CAPTION>
INDIANA GAS COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Thousands - Unaudited)
December 31, 1993
ASSETS
<S> <C>
UTILITY PLANT:
Original cost $ 786,380
Less - Accumulated depreciation and amortization 274,366
512,014
NONUTILITY PLANT - NET 400
CURRENT ASSETS:
Cash and cash equivalents 20
Accounts receivable, less reserves 45,836
Accrued unbilled revenues 42,768
Materials and supplies - at average cost 3,753
Liquefied petroleum gas - at average cost 1,154
Gas in underground storage - at
last-in, first-out cost 53,064
Recoverable gas costs 616
Prepayments 1,585
148,796
DEFERRED CHARGES:
Unamortized debt discount and expense 6,489
Other 14,970
21,459
$ 682,669
</TABLE>
<TABLE>
<CAPTION>
INDIANA GAS COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Thousands - Unaudited)
December 31, 1993
SHAREHOLDER'S EQUITY AND LIABILITIES
<S> <C>
CAPITALIZATION:
Common stock and paid-in capital $ 142,995
Retained earnings 115,460
Total common shareholder's equity 258,455
Long-term debt -
First mortgage bonds 30,000
Notes payable 134,901
164,901
423,356
CURRENT LIABILITIES:
Maturities and sinking fund
requirements of long-term debt 10,000
Notes payable 50,250
Accounts payable 50,061
Customer deposits and advance payments 14,146
Accrued taxes 35,849
Accrued interest 5,123
Other current liabilities 15,175
180,604
DEFERRED CREDITS:
Deferred income taxes 55,542
Unamortized investment tax credit 13,731
Customer advances for construction 1,021
Regulatory income tax liability 4,789
Other 3,626
78,709
$ 682,669
</TABLE>
<TABLE>
<CAPTION>
INDIANA GAS COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Thousands - Unaudited)
Twelve Months Ended
December 31, 1993
<S> <C>
OPERATING REVENUES $ 495,633
COST OF GAS 305,285
MARGIN 190,348
OPERATING EXPENSES:
Other operation 72,214
Maintenance 14,310
Depreciation and amortization 27,138
Income taxes 16,865
Taxes other than income taxes 15,075
145,602
OPERATING INCOME 44,746
INTEREST AND OTHER:
Interest expense 16,880
Allowance for borrowed funds
used during construction (676)
Other amortization 244
Other income - net (1,090)
15,358
NET INCOME $ 29,388
</TABLE>
<TABLE>
<CAPTION>
INDIANA GAS COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
(Thousands - Unaudited)
Twelve Months Ended
December 31, 1993
<S> <C>
BALANCE DECEMBER 31, 1992 $ 107,872
ADD:
Net Income 29,388
137,260
DEDUCT:
Dividends On Common Stock 21,800
BALANCE DECEMBER 31, 1993 $ 115,460
</TABLE>
