February 27, 1996
Securities and Exchange Commission
6432 General Green Way
Alexandria, VA 23212-2413
Gentlemen:
We are transmitting herewith Indiana Gas Company, Inc.'s
Statement on Form U-3A-2.
The $500.00 filing fee was transmitted via FEDWIRE on
February 26, 1996.
Sincerely,
/s/Kathleen S. Morris
Kathleen S. Morris
KSM:rs
File No. 069-00184
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-3A-2
Statement by Holding Company Claiming Exemption
Under Rule U-3A-2 from the Provisions of the Public
Utility Holding Company Act of 1935
To Be Filed Annually Prior to March 1
INDIANA GAS COMPANY, INC.
hereby files with the Securities and Exchange
Commission (Commission), pursuant to Rule 2, its
statement claiming exemption as a holding company from
the provisions of the Public Utility Holding Company
Act of 1935, and submits the following information:
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.
On January 31, 1996, Indiana Energy, the parent
of Indiana Gas, and Citizens Gas and Coke Utility
(Citizens Gas) signed a letter of intent to form a
jointly-owned limited liability corporation for
natural gas supply and related marketing services.
The new entity will provide complete gas supply and
related marketing services for Indiana Gas and
Citizens Gas starting sometime this spring subject
to the execution of a definitive agreement. In
addition, the joint entity will offer gas supply
and related marketing services to other businesses
in Indiana and other markets. The new entity will
assume the responsibilities of Indiana Energy
Services, Inc., Indiana Energy's gas marketing
affiliate, which has provided similar services to
other customers and as of January 1, 1996, to
Indiana Gas.
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, 1995, these
included approximately 10,164 miles of distribution
mains; 480,673 meters, seven reservoirs for
underground storage of purchased gas with
approximately 107,074 acres of land owned and/or
held under storage easements with 10,740,151 Dth of
gas in storage providing a daily deliverability
capacity of 138,860 Dth. Indiana Gas has five
liquefied petroleum air gas manufacturing plants
with a total daily capacity of 36,700 Dth of gas.
These properties are used by Indiana Gas in its gas
operations in which gas is supplied to
approximately 467,000 consumers in 281 communities
in 48 of the 92 counties in the state 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, brokers and
marketers under 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 1995 84,563,000 Sales
33,917,000 Transportation
118,480,000 Total Throughput
(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 81,858,000 Dth of gas
outside the state of Indiana during calendar
1995. 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.
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 1995, 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
See the Financial Data Schedule filed herewith as
Exhibit 27.
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 27th day of February 1996.
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>
INDIANA GAS COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Thousands - Unaudited)
December 31, 1995
ASSETS
<S> <C>
UTILITY PLANT:
Original cost $ 882,124
Less - Accumulated depreciation and amortization 323,160
558,964
NONUTILITY PLANT - NET 186
CURRENT ASSETS:
Cash and cash equivalents 19,670
Accounts receivable, less reserves 43,313
Accrued unbilled revenues 45,121
Materials and supplies - at average cost 3,827
Liquefied petroleum gas - at average cost 876
Gas in underground storage - at
last-in, first-out cost 51,392
Prepayments and other 1,391
165,590
DEFERRED CHARGES:
Unamortized debt discount and expense 6,811
Other 9,239
16,050
$ 740,790
</TABLE>
<TABLE>
INDIANA GAS COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Thousands - Unaudited)
December 31, 1995
SHAREHOLDER'S EQUITY AND LIABILITIES
<S> <C>
CAPITALIZATION:
Common stock and paid-in capital $ 142,995
Retained earnings 137,837
Total common shareholder's equity 280,832
Long-term debt -
First mortgage bonds 18,950
Notes payable 174,743
193,693
474,525
CURRENT LIABILITIES:
Notes payable 23,200
Accounts payable 79,703
Refundable gas costs 8,008
Customer deposits and advance payments 16,976
Accrued taxes 18,175
Accrued interest 4,859
Other current liabilities 20,068
170,989
DEFERRED CREDITS:
Deferred income taxes 65,798
Unamortized investment tax credit 11,871
Customer advances for construction 1,418
Regulatory income tax liability 3,797
Other 12,392
95,276
$ 740,790
</TABLE>
<TABLE>
INDIANA GAS COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Thousands - Unaudited)
Twelve Months Ended
December 31, 1995
<S> <C>
OPERATING REVENUES $ 445,057
COST OF GAS 245,181
MARGIN 199,876
OPERATING EXPENSES:
Other operation 68,479
Maintenance 7,651
Depreciation and amortization 31,734
Income taxes 24,110
Taxes other than income taxes 13,653
145,627
OPERATING INCOME 54,249
INTEREST AND OTHER:
Interest expense 15,528
Allowance for borrowed funds
used during construction (236)
Other amortization 187
Other income - net (1,488)
13,991
NET INCOME $ 40,258
</TABLE>
<TABLE>
INDIANA GAS COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
(Thousands - Unaudited)
Twelve Months Ended
December 31, 1995
<S> <C>
BALANCE DECEMBER 31, 1994 $ 122,079
ADD:
Net Income 40,258
162,337
DEDUCT:
Dividends On Common Stock 24,500
BALANCE DECEMBER 31, 1995 $ 137,837
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
This schedule contains summary financial information extracted from Indiana Gas
Company, Inc.'s consolidated financial statements as of December 31, 1995, and
for the twelve months then ended and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 740,790
<TOTAL-OPERATING-REVENUES> 445,057
<NET-INCOME> 40,258
</TABLE>
