|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: NUVEEN TAX EXEMPT UNIT TRUST SERIES 343, 497, 1995-02-28 |
Next: NUVEEN TAX EXEMPT UNIT TRUST SERIES 344, 497, 1995-02-28 |
<PAGE> 1
Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1994 and Ending December 31, 1994
--------------- -----------------
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
CENTERIOR SERVICE COMPANY
- - - --------------------------------------------------------------------------------
(Exact Name of Reporting Company)
A Subsidiary Service Company
- - - --------------------------------------------------------------------------------
("Mutual" or "Subsidiary")
Date of Incorporation April 9, 1986 If not Incorporated, Date of Organization
-------------
State or Sovereign Power under which Incorporated or Organized State of Ohio
-------------
Location of Principal Executive 6200 Oaktree Blvd.
Offices of Reporting Company Independence, OH 44131
-----------------------
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
6200 Oak Tree Blvd.
E.L. Pepin Controller Independence, OH 44131
- - - --------------------------------------------------------------------------------
(Name) (Title) (Address)
Name of Principal Holding Company Whose Subsidiaries are served by Reporting
Company:
THE CENTERIOR ENERGY CORPORATION
- - - --------------------------------------------------------------------------------
<PAGE> 2
1
INSTRUCTIONS FOR USE OF FORM U-13-60
1. TIME OF FILING.--Rule 94 provides that on or before the first day of
May in each calendar year, each mutual service company and each subsidiary
service company as to which the Commission shall have made a favorable finding
pursuant to Rule 88, and every service company whose application for approval
or declaration pursuant to Rule 88 is pending shall file with the Commission an
annual report on Form U-13-60 and in accordance with the Instructions for that
form.
2. NUMBER OF COPIES.--Each annual report shall be filed in duplicate.
The company should prepare and retain at least one extra copy for itself in
case correspondence with reference to the report become necessary.
3. PERIOD COVERED BY REPORT.--The first report filed by any company
shall cover the period from the date the Uniform System of Accounts was
required to be made effective as to that company under Rules 82 and 93 to the
end of that calendar year. Subsequent reports should cover a calendar year.
4. REPORT FORMAT.--Reports shall be submitted on the forms prepared by
the Commission. If the space provided on any sheet of such form is inadequate,
additional sheets may be inserted of the same size as a sheet of the form or
folded to such size.
5. MONEY AMOUNTS DISPLAYED.--All money amounts required to be shown in
financial statements may be expressed in whole dollars, in thousands of dollars
or in hundred thousands of dollars, as appropriate and subject to provisions of
Regulation S-X (S210.3-01(b)).
6. DEFICITS DISPLAYED.--Deficits and other like entries shall be
indicated by the use of either brackets or a parenthesis with corresponding
reference in footnotes. (Regulation S-X, S210.3-01(c))
7. MAJOR AMENDMENTS OR CORRECTIONS.--Any company desiring to amend or
correct a major omission or error in a report after it has been filed with the
Commission shall submit an amended report including only those pages,
schedules, and entries that are to be amended or corrected. A cover letter
shall be submitted requesting the Commission to incorporate the amended report
changes and shall be signed by a duly authorized officer of the company.
8. DEFINITIONS.--Definitions contained in Instruction 01-8 to the
Uniform System of Accounts for Mutual Service Companies and Subsidiary Service
Companies, Public Utility Holding Company Act of 1935, as amended February 2,
1979 shall be applicable to words or terms used specifically within this Form
U-13-60.
9. ORGANIZATION CHART.--The service company shall submit with each
annual report a copy of its current organization chart.
10. METHODS OF ALLOCATION.--The service company shall submit with each
annual report a listing of the currently effective methods of allocation being
used by the service company and on file with the Securities and Exchange
Commission pursuant to the Public Utility Holding Company Act of 1935.
11. ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED.--The
service company shall submit with each annual report a copy of the annual
statement supplied to each associate company in support of the amount of
compensation for use of capital billed during the calendar year.
<PAGE> 3
<TABLE>
2
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
---------------------------------------------
<CAPTION>
Description of Schedules and Accounts Schedule or Account Page
Number Number
- - - ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
COMPARATIVE BALANCE SHEET Schedule I 4-5
- - - -------------------------
SERVICE COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY PROPERTY Schedule III 8
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRUED ASSETS Schedule VIII 13
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule XIII 18
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
- - - ----------------------------
ANALYSIS OF BILLING - ASSOCIATE COMPANIES Account 457 21
ANALYSIS OF BILLING - NONASSOCIATE COMPANIES Account 458 22
ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE
AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
- - - ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
<TABLE>
3
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS
--------------------------------------------
<CAPTION>
Description of Reports or Statements Page
- - - ----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
ORGANIZATION CHART 36
METHODS OF ALLOCATION 37
ANNUAL STATEMENT OF COMPENSATION FOR USE N/A
OF CAPITAL BILLED
<FN>
NOTE: Dollar figures in this report are shown in thousands unless otherwise noted.
- - - ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
<TABLE>
4
ANNUAL REPORT OF CENTERIOR SERVICE COOMPANY - 1994
--------------------------------------------------
SCHEDULE I - COMPARATIVE BALANCE SHEET
--------------------------------------
<CAPTION>
Give balance sheet of the Company as of December 31 of the current and prior year.
ACCOUNT ASSETS AND OTHER DEBITS As of December 31
- - - ------------------------------------------ ----------------------------------
CURRENT PRIOR
----------- -----------
SERVICE COMPANY PROPERTY
------------------------
<S> <C> <C>
101 Service Company property (Schedule II) - -
107 Construction work in progress (Schedule II) - -
------ ------
Total Property - -
------ ------
108 Less accumulated provision for depreciation
and amortization of service company
property (Schedule III) - -
------ ------
Net Service Company Property - -
------ ------
INVESTMENTS
-----------
123 Investments in associate companies (Schedule IV)
124 Other investments (Schedule IV) 122 202
----- ------
Total Investments 122 202
----- ------
CURRENT AND ACCRUED ASSETS
--------------------------
128 Other Special Funds 78 78
131 Cash 2,118 101
134 Special deposits - -
135 Working funds - -
136 Temporary cash investments (Schedule IV) - -
141 Notes receivable (228) (249)
143 Accounts receivable 671 1,110
144 Accumulated provision for uncollectible
accounts -
146 Accounts receivable from associate
companies (Schedule V) 65,705 65,277
152 Fuel stock expenses undistributed (Schedule VI) - -
154 Materials and supplies - -
163 Stores expense undistributed (Schedule VII) - -
165 Prepayments 1,520 407
171 Interest Receivable - -
174 Miscellaneous current and accrued
assets (Schedule VIII) - -
------ ------
Total Current and Accrued Assets 69,864 66,724
------ ------
DEFERRED DEBITS
---------------
181 Unamortized debt expense - -
182 Regulatory Assets (240) 44
184 Clearing accounts - -
186 Miscellaneous deferred debits (Schedule IX) 1,704 1,629
188 Research, development, or demonstration
expenditures (Schedule X) - -
190 Accumulated deferred income taxes 3,296 3,090
----- -----
Total Deferred Debits 4,760 4,763
----- -----
TOTAL ASSETS AND OTHER DEBITS 74,746 71,689
- - - --------------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
<TABLE>
5
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY - 1994
-------------------------------------------------
SCHEDULE I - COMPARATIVE BALANCE SHEET
--------------------------------------
<CAPTION>
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL As of December 31
- - - ------------------------------------------------------ -------------------------------
CURRENT PRIOR
----------- -----------
<S> <C> <C>
PROPRIETARY CAPITAL
-------------------
201 Common stock issued (Schedule XI) $ 1 $ 1
211 Miscellaneous paid-in-capital (Schedule XI) - -
215 Appropriated retained earnings (Schedule XI) - -
216 Unappropriated retained earnings (Schedule XI) - -
------ ------
Total Proprietary Capital 1 1
------ ------
LONG-TERM DEBT
--------------
223 Advances from associate companies (Schedule XII) 26,949 52,734
224 Other long-term debt (Schedule XII) - -
225 Unamortized premium on long-term debt - -
226 Unamortized discount on long-term debt-debit - -
------ ------
Total Long-term Debt 26,949 52,734
------ ------
OTHER NON-CURRENT LIABILITIES
-----------------------------
228.3 Accumulated provision for pensions & benefits 17,217 16,268
------ ------
Total Other Non-Current Liabilities 17,217 16,268
------ ------
CURRENT AND ACCRUED LIABILITIES
-------------------------------
231 Notes payable - -
232 Accounts payable 7,281 2,533
233 Notes payable to associate
companies (Schedule XIII) - -
234 Accounts payable to associate
companies Schedule XIII) 2,671 (1,488)
236 Taxes accrued 684 (14,552)
237 Interest accrued 319 (4)
238 Dividends declared - -
241 Tax collections payable 371 (109)
242 Miscellaneous current and accrued
liabilities (Schedule XIII) 9,146 7,794
------ ------
Total Current and Accrued Liabilities 20,472 (5,826)
------ ------
DEFERRED CREDITS
----------------
253 Other deferred credits 5,958 4,392
255 Accumulated deferred investment tax credits - -
------ ------
Total Deferred Credits 5,958 4,392
------ -------
282 ACCUMULATED DEFERRED INCOME TAXES - -
---------------------------------
283 Accumulated Deferred Income Taxes - Other 4,149 4,120
------- -------
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $74,746 $71,689
======= =======
- - - -----------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
<TABLE>
6
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
-------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE II - SERVICE COMPANY PROPERTY
--------------------------------------
<CAPTION>
BALANCE AT RETIREMENTS OTHER BALANCE AT
BEGINNING ADDITIONS OR CHANGES 1/ CLOSE OF
DESCRIPTION OF YEAR SALES YEAR
- - - -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
SERVICE COMPANY PROPERTY
- - - ------------------------
Account
- - - -------
301 ORGANIZATION $ $ $ $ $
303 MISCELLANEOUS
INTANGIBLE PLANT
LAND AND LAND RIGHTS
305 STRUCTURES AND IMPROVEMENTS
306 LEASEHOLD IMPROVEMENTS
307 EQUIPMENT 2/ __
308 OFFICE FURNITURE
AND EQUIPMENT
309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY 3/ __
-------------------------------------------------------------------------
SUB-TOTAL - - - - -
-------------------------------------------------------------------------
107 CONSTRUCTION WORK
IN PROGRESS 4/ __
--------------------------------------------------------------------------
TOTAL $ - $ - $ - $ - $ -
==========================================================================
- - - -----------------------------------------------------------------------------------------------------------
<FN>
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
</TABLE>
<PAGE> 8
<TABLE>
7
SCHEDULE II - CONTINUED
- - - ------------------------------------------------------------------------------------------------------------------------
2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE
- - - - COMPANY SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING
THE YEAR AND THE BALANCE AT THE CLOSE OF THE YEAR:
- - - ------------------------------------------------------------------------------------------------------------------------
<CAPTION>
BALANCE AT
SUBACCOUNT DESCRIPTION ADDITIONS CLOSE OF
YEAR
- - - ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
------ ------
TOTAL $ - $ -
====== ======
- - - ------------------------------------------------------------------------------------------------------------------------
3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY:
- - - -
- - - ------------------------------------------------------------------------------------------------------------------------
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
- - - -
- - - ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 9
<TABLE>
8
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE III - ACCUMULATED PROVISION FOR DEPRECIATION AND
---------------------------------------------------------
AMORTIZATION OF SERVICE COMPANY PROPERTY
----------------------------------------
<CAPTION>
- - - ----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT ADDITIONS BALANCE AT
BEGINNING CHARGED OTHER CHANGES CLOSE OF
DESCRIPTION OF YEAR TO RETIREMENTS ADD (DEDUCT)1/ YEAR
ACCOUNT 403 -
- - - ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Account
- - - -------
301 ORGANIZATION
303 MISCELLANEOUS INTANGIBLE PLANT
304 LAND AND LAND RIGHTS
305 STRUCTURES AND IMPROVEMENTS
306 LEASEHOLD IMPROVEMENTS
307 EQUIPMENT
308 OFFICE FURNITURE
AND FIXTURES
309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY
------ ----- ----- ---- ------
$ - $ - $ - $ - $ -
====== ===== ===== ==== ======
<FN>
- - - ----------------------------------------------------------------------------------------------------------------------------------
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
- - - -
- - - ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 10
<TABLE>
9
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------------
SCHEDULE IV - INVESTMENTS
-------------------------
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124, "Other Investments", state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount, etc.
Under Account 136, "Temporary Cash Investments", list each investment
separately.
<CAPTION>
- - - ------------------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- - - -------------------------------------------------------------------------------------------
<S> <C> <C>
ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES $ - $ -
ACCOUNT 124 - OTHER INVESTMENTS
Purchase of emission allowance 202 122
Account 136 - Temporary Cash Investments - -
-------- -------
TOTAL $ 202 $ 122
======== =======
- - - ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 11
<TABLE>
10
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
---------------------------------------------------------
INSTRUCTIONS: Complete the following schedule listing accounts receivable from each associate company.
Where the service company has provided accommodation or convenience payments for associate
companies, a separate listing of total payments for each associate company by subaccount
should be provided.
<CAPTION>
- - - ---------------------------------------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- - - ---------------------------------------------------------------------------------------------------------------
<S> <C> <C>
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES
THE CLEVELAND ELECTRIC ILLUMINATING CO. $45,106 $44,806
THE TOLEDO EDISON COMPANY 19,488 19,409
CENTERIOR ENERGY CORPORATION 683 1,490
------ ------
TOTAL $65,277 $65,705
====== ======
- - - ---------------------------------------------------------------------------------------------------------------
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
--------
-
------
TOTAL PAYMENTS $ -
======
- - - ---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 12
<TABLE>
11
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
-----------------------------------------------
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to fuel stock expenses during the year and indicate amount
attributable to each associate company. Under the section
headed "Summary" listed below give an overall report of the
fuel functions performed by the service company.
<CAPTION>
- - - -------------------------------------------------------------------------------------------------------------------
D E S C R I P T I O N LABOR EXPENSES TOTAL
- - - -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ACCOUNT 152 - FUEL STOCK EXPENSES UNDISTRIBUTED
NONE
----- ----- -----
TOTAL - - -
===== ===== =====
- - - -------------------------------------------------------------------------------------------------------------------
SUMMARY:
- - - -------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 13
<TABLE>
12
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------------
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
-------------------------------------------
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to stores expense during the year and indicate amount
attributable to each associate company.
<CAPTION>
- - - -----------------------------------------------------------------------------------------------------------------------
D E S C R I P T I O N LABOR EXPENSES TOTAL
- - - -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED $ $ $
NONE
------- ------- -------
TOTAL $ - $ - $ -
======= ======= =======
- - - -----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 14
<TABLE>
13
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE VIII - MISCELLANEOUS CURRENT AND ACCRUED ASSETS
--------------------------------------------------------
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped, showing the number of items in each group.
<CAPTION>
- - - -------------------------------------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- - - -------------------------------------------------------------------------------------------------------------
<S> <C> <C>
ACCOUNT 174 - MISCELLANEOUS CURRENT AND ACCRUED
ASSETS
NONE
------ ------
TOTAL - -
====== ======
- - - -------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 15
<TABLE>
14
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------------
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
-------------------------------------------
INSTRUCTIONS: Provide detail of items in this account. Items less than
$10,000 may be grouped by class showing the number of items in
each class.
<CAPTION>
- - - ------------------------------------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- - - ------------------------------------------------------------------------------------------------------------
<S> <C> <C>
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS
Deferred Dental Benefit Cost 449 222
Deferred Data Processing Equipment 44 -
Deferred Office Equipment 833 1,125
Other 303 357
----- -----
TOTAL $1,629 $1,704
===== =====
- - - ------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 16
<TABLE>
15
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE X - RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
----------------------------------------------------------------
INSTRUCTIONS: Provide a description of each material research, development, or demonstration
project which incurred costs by the service corporation during the year.
<CAPTION>
- - - -------------------------------------------------------------------------------------------------
D E S C R I P T I O N AMOUNT
- - - -------------------------------------------------------------------------------------------------
<S> <C>
ACCOUNT 188 - RESEARCH, DEVELOPMENT, OR DEMONSTRATION
NONE
------
TOTAL $ -
======
- - - -------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 17
<TABLE>
16
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE XI - PROPRIETARY CAPITAL
---------------------------------
<CAPTION>
OUTSTANDING CLOSE
NUMBER OF PAR OR STATED OF PERIOD
ACCOUNT NUMBER CLASS OF STOCK SHARES VALUE NO. OF TOTAL
<S> <C> <C> <C> <C> <C>
201 COMMON STOCK ISSUED 750 $ - 750 $750
INSTRUCTIONS: Classify amounts in each account with brief explanation,
disclosing the general nature of transactions which gave rise
to the reported amounts.
D E S C R I P T I O N
ACCOUNT 211 - MISCELLANEOUS PAID IN CAPITAL
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS
_______
TOTAL $ -
=======
</TABLE>
<TABLE>
INSTRUCTIONS: Give particulars concerning net income or (loss) during the year,
distinguishing between compensation for the use of capital owed
or net loss remaining from servicing nonassociates per the
General Instructions of the Uniform System of Accounts. For
dividends paid during the year in cash or otherwise, provide
rate percentage, amount of dividend, date declared and date
paid.
<CAPTION>
BALANCE AT NET INCOME DIVI- BALANCE AT
D E S C R I P T I O N BEGINNING OR DENDS CLOSE OF
OF YEAR (LOSS) PAID YEAR
<S> <C> <C> <C> <C>
ACCOUNT 216 - UNAPPROPRIATED
RETAINED EARNINGS
NONE
-------- ---- ----- ----
TOTAL $ - $ - $ - $ -
======== ==== ===== ====
- - - ----------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 18
<TABLE>
17
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE XII - LONG-TERM DEBT
INSTRUCTIONS: Advances from associate companies should be reported separately
for advances on notes, and advances on open account. Names
of associate companies from which advances were received shall
be shown under the class and series of obligation column. For
Account 224 - Other long term debt provide the name of creditor
company or organization, terms of the obligation, date of
maturity, interest rate, and the amount authorized
and outstanding.
<CAPTION>
TERMS OF OBLIG DATE BALANCE AT BALANCE AT BALANCE
CLASS & SERIES OF INTEREST AMOUNT BEGINNING ADD- DED- AT CLOSE
NAME OF CREDITOR OF OBLIGATION MATURITY RATE AUTHORIZED OF YEAR ITIONS UCTIONS OF YEAR
<S> <C> <C> <C> <C>
ACCOUNT 223 - ADVANCES
FROM ASSOCIATE
COMPANIES: Advance on Open $52,734 $439,830 $465,615 $26,949
Account Centerior
Energy Corp.
ACCOUNT 224 - OTHER LONG-TERM DEBT
TOTAL $52,734 $439,830 $465,615 $26,949
======= ======== ======== =======
- - - ----------------------------------------------------------------------------------------------------------------------------------
1/GIVE AN EXPLANATION OF DEDUCTIONS: Payments Per Agreements
</TABLE>
<PAGE> 19
<TABLE>
18
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
-----------------------------------------------
INSTRUCTIONS: Provide balance of notes and accounts payable to each associate
company. Give description and amount of miscellaneous current
and accrued liabilities. Items less than $10,000 may be grouped,
-------
showing the number of items in each group.
<CAPTION>
- - - ----------------------------------------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- - - ----------------------------------------------------------------------------------------------------------------
<S> <C> <C>
ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE COMPANIES
NONE
------ ------
TOTAL - -
====== ======
- - - ----------------------------------------------------------------------------------------------------------------
ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE
COMPANIES
The Cleveland Electric Illuminating Co. $ (939) $ 753
The Toledo Edison Co. (549) 653
Centerior Energy Corporation - 1,265
------ ------
TOTAL $(1,488) $2,671
======= =====
- - - ----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ACCOUNT 242 - MISCELLANEOUS CURRENT AND ACCRUED
LIABILITIES
<S> <C> <C> <C>
ACCRUALS - Deferred Compensation - Exec. Officers $ 213 $ 146
- Net Payroll Payable 2,131 2,239
- Bond Purchase Plan (105) (133)
- Stock Purchase Plan 116 110
- Employee Savings Plan-Before Tax 2 (74)
- Court Bankruptcy 17 15
- CSC - United Way 79 -
- CSC - Child Support (40) -
- Employee Electric Living Program 26 51
- Accrued Vacation 3,544 4,046
- Flexible Spending Acct. -Health Care 41 50
- Flexible Spending Acct. -Dependent Care 20 29
- TECO Benefits for CSC Employees - Non-PBA 16 -
- GULP - Executive Insurance 71 97
- Miscellaneous - Other 1 -
- Unclaimed Funds (96) -
- Employee Savings Plan - After Tax 51 9
- SFAS 112 Workers Comp Liability 537 537
- SFAS 112 Long-Term Disability 386 1,240
- SFAS 112 Short-Term Disability 784 784
(Short-Term Portion)
------ ------
TOTAL $ 7,794 $ 9,146
====== ======
- - - ----------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 20
19
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
________________________________________________________________________________
SCHEDULE XIV - NOTES TO FINANCIAL STATEMENTS
--------------------------------------------
INSTRUCTIONS:The space below is provided for important notes regarding the
financial statements or any account thereof. Furnish particulars
as to any significant contingent assets or liabilities existing at
the end of the year. Notes relating to financial statements shown
elsewhere in this report may be indicated here by reference.
________________________________________________________________________________
1. SIGNIFICANT ACCOUNTING POLICIES:
GENERAL- Centerior Service Company (Service Company) was incorporated
in 1986 and is a wholly owned subsidiary of Centerior Energy
Corporation (Centerior Energy). The Service Company provides
management, financial, administrative, engineering, legal and other
services to Centerior Energy and Centerior Energy's six wholly owned
subsidiaries, including two electric utilities, The Cleveland Electric
Illuminating Company (Cleveland Electric) and The Toledo Edison
Company (Toledo Edison).
The Service Company follows the Uniform System of Accounts for Mutual
Service Companies as prescribed by the Securities and Exchange
Commission under the Public Utility Holding Company Act of 1935.
INCOME AND EXPENSE- The Service Company provides its services at cost.
These costs are determined on a direct charge basis to the extent
possible and on a reasonable basis of proration for indirect costs.
MONTHLY BILLINGS - As soon as practical after the close of each month,
each company receiving services from the Service Company is billed for
services, overheads and expenses for such month. Such bills are paid
within five business days after receipt of the bill. The charges for
services include no compensation for the use of equity capital, all of
which is furnished to the Service Company by it's parent, Centerior
Energy.
2. SHORT-TERM BORROWING ARRANGEMENTS:
As of December 31, 1994, the Service Company had no bank lines of
credit. The Service Company may borrow up to $25,000,000 under a
$205,000,000 revolving credit facility of Centerior Energy.
________________________________________________________________________________
<PAGE> 21
<TABLE>
20
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE XV - STATEMENT OF INCOME
---------------------------------
<CAPTION>
- - - --------------------------------------------------------------------------------------
ACCOUNT D E S C R I P T I O N CURRENT YEAR PRIOR YEAR
- - - --------------------------------------------------------------------------------------
<S> <C> <C>
INCOME
------
457 Services rendered to associate companies $194,996 $238,249
458 Services rendered to nonassociate
companies - 2
415 Jobbing (2) -
421 Miscellaneous income or loss 2 -
-------- -------
Total Income 194,996 238,251
-------- -------
EXPENSE
-------
920 Salaries and wages 68,978 68,647
921 Office supplies and expenses 88,962 106,178
922 Administrative expense transferred-
credit - -
923 Outside services employed 11,278 14,262
924 Property insurance - -
925 Injuries and damages 372 879
926 Employee pensions and benefits 9,715 28,572
928 Regulatory commission expense - -
930.1 General advertising expenses - -
930.2 Miscellaneous general expenses 5,087 8,654
931 Rents 4,586 4,485
932 Maintenance of structures and equipment - -
403 Depreciation and amortization expense - -
408 Taxes other than income taxes 5,844 6,441
409 Income taxes 68 204
410 Provision for deferred income taxes 17,854 39,119
411 Provision for deferred income taxes -
credit (17,748) (39,224)
411.5 Investment tax credit - -
426.1 Donations - -
426.5 Other deductions - 33
427 Interest on long-term debt - -
430 Interest on debt to associate
companies - -
431 Other interest expense - 1
-------- -------
Total Expense 194,996 238,251
-------- -------
Net Income or (Loss) $ - $ -
======== =======
- - - ------------------------------------------------------------------------------------
</TABLE>
<PAGE> 22
<TABLE>
21
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
ANALYSIS OF BILLING
-------------------
<CAPTION>
ASSOCIATE COMPANIES - ACCOUNT 457
- - - -----------------------------------------------------------------------------------------------------------------
DIRECT INDIRECT COMPENSATION TOTAL
COSTS COSTS FOR USE AMOUNT
NAME OF ASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL BILLED
------- -------- ------------ --------
<S> <C> <C> <C> <C>
457-1 457-2 457-3
- - - -----------------------------------------------------------------------------------------------------------------
Cleveland Electric Illuminating Co. $110,044 $ 25,847 $ - $135,891
Toledo Edison Company 46,126 12,660 - 58,786
Centerior Energy Corporation - 319 - 319
------- ------- ---- ------
TOTAL $156,170 $ 38,826 $ - $194,996
======= ======= ==== =======
- - - -----------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 23
<TABLE>
22
ANNNUAL REPORT OF CENTERIOR SERVICE COMPANY
-------------------------------------------
For the Year Ended December 31, 1994
-----------------
ANALYSIS OF BILLING
-------------------
NONASSOCIATE COMPANIES - ACCOUNT 458
-------------------------------------
INSTRUCTION: Provide a brief description of the services rendered to each
nonassociate company:
<CAPTION>
DIRECT INDIRECT COMPENSATION EXCESS
NAME OF NONASSOCIATE COSTS COSTS FOR USE TOTAL OR TOTAL
COMPANY CHARGED CHARGED OF CAPITAL COST DEFICIENCY AMOUNT
458-1 458-2 458-3 458-4 BILLED
<S> <C> <C> <C> <C> <C> <C>
Central Area Power
Coordination Org. $
--- --- --- --- --- ---
TOTAL $ - $ - $ - $ - $ - $ -
=== === === === === ===
</TABLE>
<PAGE> 24
<TABLE>
23
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE XVI - ANALYSIS OF CHARGES FOR SERVICE AND
--------------------------------------------------
ASSOCIATE AND NONASSOCIATE COMPANIES
------------------------------------
INSTRUCTION: Total cost of service will equal for associate and nonassociate
companies the total amount billed under their separate analysis
of billing schedules.
<CAPTION>
ASSOCIATE COMPANY NONASSOCIATE
CHARGES CO. CHARGES
-------------------------------- -----------------------
DIRECT INDIRECT DIRECT INDIRECT
COST COST TOTAL COST COST TOTAL
<S> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $55,736 $13,602 $68,978 $ - $ - $ -
921 OFFICE SUPPLIES AND 78,387 10,575 88,962 - - -
EXPENSES
922 ADMINISTRATIVE EXPENSE - - - - - -
TRANSFERRED-CREDIT
923 OUTSIDE SERVICES EMPLOYED 10,053 1,225 11,278 - - -
924 PROPERTY INSURANCE - - - - - -
925 INJURIES AND DAMAGES 44 328 372 - - -
926 EMPLOYEE PENSIONS AND 2,058 7,657 9,715 - - -
BENEFITS
928 REGULATORY COMMISSION - - - - - -
EXPENSE
930.1 GENERAL ADVERTISING - - - - - -
EXPENSE
930.2 MISCELLANEOUS GENERAL 451 4,636 5,087 - - -
EXPENSES
931 RENTS 4,586 - 4,586 - - -
932 MAINTENANCE OF STRUCTURES - - - - - -
AND EQUIPMENTS
403 DEPRECIATION AND AMORTIZA- - - - - - -
TION
408 TAXES OTHER THAN INCOME 1,484 4,360 5,844 - - -
TAXES
409 INCOME TAXES 68 - 68 - - -
410 PROVISION FOR DEFERRED 17,854 - 17,854 - - -
INCOME TAXES
411 PROVISION FOR DEFERRED (17,748) - (17,748) - - -
INCOME TAXES - CREDIT
411.5 INVESTMENT TAX CREDIT - - - - - -
426.1 DONATIONS - - - - - -
426.5 OTHER DEDUCTIONS - - - - - -
427 INTEREST ON LONG-TERM DEBT - - - - - -
431 OTHER INTEREST EXPENSE - - - - - -
- - - ---------------------------------------------------------------------------------------------------
TOTAL EXPENSES = 152,613 42,383 194,996 - - -
------- ------- ------- ------ ---- -----
COMPENSATION FOR USE OF EQUITY
CAPITAL =
430 INT ON DEBT TO ASSOC.
COMPANIES =
-------- ------- -------- ------ ---- -----
TOTAL COST OF SERVICE = $152,613 $42,383 $194,996 $ - $ - $ -
-------- ------- -------- ------ ---- -----
<CAPTION>
TOTAL CHARGES FOR SERVICE
----------------------------
DIRECT INDIRECT
COST COST TOTAL
<S> <C> <C> <C>
920 SALARIES AND WAGES $55,376 $13,602 $68,978
921 OFFICE SUPPLIES AND 78,387 10,575 88,962
EXPENSES
922 ADMINISTRATIVE EXPENSE - - -
TRANSFERRED-CREDIT
923 OUTSIDE SERVICES EMPLOYED 10,053 1,225 11,278
924 PROPERTY INSURANCE - - -
925 INJURIES AND DAMAGES 44 328 372
926 EMPLOYEE PENSIONS AND 2,058 7,657 9,715
BENEFITS
928 REGULATORY COMMISION - - -
EXPENSE
930.1 GENERAL ADVERTISING - - -
EXPENSE
930.2 MISCELLANEOUS GENERAL 451 4,636 5,087
EXPENSES
931 RENTS 4,586 - 4,586
932 MAINTENANCE OF STRUCTURES - - -
AND EQUIPMENTS
403 DEPRECIATION AND AMORTIZA- - - -
TION
408 TAXES OTHER THAN INCOME 1,484 4,360 5,844
TAXES
409 INCOME TAXES 68 - 68
410 PROVISION FOR DEFERRED 17,854 - 17,854
INCOME TAXES
411 PROVISION FOR DEFERRED (17,748) - (17,748)
INCOME TAXES - CREDIT
411.5 INVESTMENT TAX CREDIT - - -
426.1 DONATIONS - - -
426.5 OTHER DEDUCTIONS - - -
427 INTEREST ON LONG-TERM DEBT - - -
431 OTHER INTEREST EXPENSE - - -
- - - ---------------------------------------------------------------------------------------------------
TOTAL EXPENSES = 152,613 42,383 194,996
------- ------- -------
COMPENSATION FOR USE OF EQUITY
CAPITAL =
430 INT ON DEBT TO ASSOC.
COMPANIES =
------- ------ -------
TOTAL COST OF SERVICE = $152,613 $42,383 $194,996
------- ------ -------
</TABLE>
<PAGE> 25
24
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE XVII - SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT OR
- - - -----------------------------------------------------------------
SERVICE FUNCTION
----------------
Instructions: Indicate each department or service function. (See Instruction
01-3 General Structure of Accounting System: Uniform
System of Accounts.
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
TOTAL Exec Contri- Corporate Strategic Human
AMOUNT OVERHEAD Staff ers Treasury Relations Auditing Planning Resources Rates
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $68,978 $ 666 $ 6,416 $2,912 $ 408 $1,125 $ 686 $ 3,519 $ 826
921 OFFICE SUPPLIES AND 88,962 87 156 2,359 3,014 143 293 42,534 48
EXPENSES
922 ADMINISTRATIVE EXPENSE - - - - - - - - -
TRANSFERRED-CREDIT
923 OUTSIDE SERVICES EMPLOYED 11,278 298 (30) 961 245 979 27 (5,161) 479
924 PROPERTY INSURANCE - - - - - - - - -
925 INJURIES AND DAMAGES 372 - - 325 20 - - 27 -
926 EMPLOYEE PENSIONS AND 9,715 - - - - - - 9,715 -
BENEFITS
928 REGULATORY COMMISSION - - - - - - - - -
EXPENSE
930.1 GENERAL ADVERTISING - - - - - - - - -
EXPENSE
930.2 MISCELLANEOUS GENERAL 5,087 - - - 362 - - - -
EXPENSES
931 RENTS 4,586 - - - - - - - -
932 MAINTENANCE OF STRUCTURES - - - - - - - - -
AND EQUIPMENTS
403 DEPRECIATION AND AMORTIZA- - - - - - - - - -
TION
408 TAXES OTHER THAN INCOME 5,844 - 5,844 - - - - - -
TAXES
409 INCOME TAXES 68 - 68 - - - - - -
410 PROVISION FOR DEFERRED 17,854 - 17,854 - - - - - -
INCOME TAXES
411 PROVISION FOR DEFERRED (17,748) - (17,748) - - - - - -
INCOME TAXES - CREDIT
411.5 INVESTMENT TAX CREDIT - - - - - - - - -
426.1 DONATIONS - - - - - - - - -
426.5 OTHER DEDUCTIONS - - - - - - - - -
427 INTEREST ON LONG-TERM DEBT - - - - - - - - -
431 OTHER INTEREST EXPENSE - - - - - - - - -
----------------------------------------------------------------------------------------------------------------------------------
TOTAL EXPENSES =$194,996 $ - $1,051 $12,560 $6,557 $4,049 $2,247 $1,006 $50,634 $1,353
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 26
25
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
-----------------
SCHEDULE XVII - SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT OR
-----------------------------------------------------------------
SERVICE FUNCTION
----------------
<TABLE>
<CAPTION>
D E P A R T M E N T O R S E R V I C E F U N C T I O N
-----------------------------------------------------------------------------------------------------------------
Legal & Fossil & Operations
ACCOUNT Information Pro- Government Corporate Operations System & Corporate Customer Environmental
NUMBER Systems curement Affairs Communications Services Nuclear Planning Marketing Engineer Services Support &Safety
- - - -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 $10,240 $2,501 $2,842 $ 661 $14,929 $ 832 $3,490 $2,681 $8,161 $ 4,338 $1,045 $ 700
921 10,896 122 (4,013) 2,707 7,316 278 1,644 7,396 1,088 11,418 187 1,289
922 - - - - - - - - - - - -
923 175 82 4,450 (171) 5,089 610 161 772 1,088 858 6 360
924 - - - - - - - - - - - -
925 - - - - - - - - - - - -
926 - - - - - - - - - - - -
928 - - - - - - - - - - - -
930.1 - - - - - - - - - - - -
930.2 - - 4,725 - - - - - - - - -
932 - - - - - - - - - 4,586 - -
403 - - - - - - - - - - - -
408 - - - - - - - - - - - -
409 - - - - - - - - - - - -
410 - - - - - - - - - - - -
411.5 - - - - - - - - - - - -
421 - - - - - - - - - - - -
426.1 - - - - - - - - - - - -
426.5 - - - - - - - - - - - -
427 - - - - - - - - - - - -
430 - - - - - - - - - - - -
431 - - - - - - - - - - - -
- - - -----------------------------------------------------------------------------------------------------------------------------------
TOTAL $21,311 $2,705 $8,004 $3,197 $27,334 $1,720 $5,295 $10,849 $10,337 $21,200 $1,238 $2349
- - - -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 27
26
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
-------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
DEPARTMENTAL ANALYSIS OF SALARIES - ACCOUNT 920
-----------------------------------------------
<TABLE>
<CAPTION>
- - - ------------------------------------------------------------------------------------------------------------------
DEPARTMENTAL SALARY EXPENSE NUMBER OF
---------------------------
NAME OF DEPARTMENT INCLUDED IN AMOUNTS BILLED TO PERSONNEL
- - - ------------------ ----------------------------- ---------
Indicate each department TOTAL PARENT OTHER NON END OF
or service function. AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR
- - - ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Executive Staff $ 666 $ - $ 666 $ - 14
Controllers 6,416 - 6,416 - 142
Treasury 2,912 - 2,912 - 13
Corporate Relations 408 4 404 - 26
Auditing 1,125 - 1,125 - 21
Strategic Planning 686 - 686 - 12
Human Resources 3,519 - 3,519 - 107
Procurement 2,501 - 2,501 - 50
Information Systems 10,240 - 10,240 - 181
Legal & Governmental Affairs 2,842 - 2,842 - 45
Corporate Communications 661 - 661 - 17
Fossil Operations & Services 14,929 - 14,929 - 278
Nuclear 832 - 832 - 1
System Planning 3,490 - 3,490 - 67
Marketing 2,681 - 2,681 - 53
T&D Operations & Engineering 8,161 - 8,161 - 167
Corporate Services 4,338 - 4,338 - 90
Customer Support 1,045 - 1,045 - 22
Environmental & Safety 700 - 700 - 18
Rates 826 - 826 - 21
------ ----- ------ ---- -----
TOTAL $68,978 $ 4 $68,974 $ 0 1,345
====== ===== ====== ==== =====
</TABLE>
________________________________________________________________________________
_________
<PAGE> 28
27
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
---------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included
within one subaccount is less than $25,000, only the aggregate
number and amount of all such payments included within the
subaccount need be shown. Provide a subtotal for each type of
service.
<TABLE>
<CAPTION>
- - - --------------------------------------------------------------------------------------------------------------------
"A"=ASSOCIATE
"NA"- NON
FROM WHOM PURCHASED ADDRESS ASSOCIATE AMOUNT
- - - --------------------------------------------------------------------------------------------------------------------
Management Consulting Fees & Expenses
- - - -------------------------------------
<S> <C> <C> <C>
Arter & Hadden 1801 K Street, NW NA $ 31
Suite 400K
Washington, DC 20006
Bank of Boston P.O. Box 1728 NA 29
Boston, MA 02105-1728
Dix & Eaton, Inc. P.O. Box 70274-T NA 208
Cleveland, OH 44190
Ernst & Young 1300 Huntington Building NA 1,302
Cleveland, Ohio 44115
Fuller & Henry P.O. Box 2088 NA 140
Toledo, Ohio 43603-2088
Gilbert/Commonwealth P.O. Box 13704 NA 106
Philadelphia, PA 19101
KPMG Peat Marwick P.O. Box 19838 NA 55
Atlanta, Ga 30384-8387
Lamalie Amrop International P.O Box 340468 NA 77
Tampa Fl 33694-0468
Macro Corporation 700 Business Center NA 300
Horsham, PA 19044-3471
National Analysts Incorporated P.O. Box 8500-S8130 NA 461
Philadelphia, PA 19178-8130
Nolan Norton & Co., LLP P.O. Box 198387 NA 47
Management Consultants Atlanta, Ga 30384-8387
Peoplesoft, Inc. 1331 North California Blvd. NA 132
Walnut Creek, CA 94596
Price Waterhouse P.O. Box 641252 NA 258
Pittsburgh, PA 15264-1252
</TABLE>
<PAGE> 29
27A
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
---------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included
within one subaccount is less than $25,000, only the aggregate
number and amount of all such payments included within the
subaccount need be shown. Provide a subtotal for each type
of service.
<TABLE>
<CAPTION>
- - - --------------------------------------------------------------------------------------------------------------------
"A"=ASSOCIATE
"NA"- NON
FROM WHOM PURCHASED ADDRESS ASSOCIATE AMOUNT
- - - --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Quadres Corporation 4141 Rockside Road NA 511
Suite 250
Cleveland, Ohio 44131
Right Associates P.O. Box 7781-3120 NA 123
Philadelphia, PA 19182-3120
Saunders, Donald H. Edison Plaza NA 110
300 Madison Ave MS 1600
Toledo, Ohio 43652
Smart, Paul M. Edison Plaza NA 78
300 Madison Avenue MS 1600
Toledo, Ohio 43652
Towers, Perrin, Forster & P.O. Box 8500-S-6110 NA 160
Crosby, Inc. Philadelphia, PA 19178
Wehrmeister, John, M.D. 7364 Coder Road NA 45
Maumee, Oh 43537
Other Payees (38) NA 233
---
4,406
Auditors Fees & Expenses
- - - ------------------------
Arthur Andersen & Co. 1717 East Ninth Street NA 1,119
-----
Cleveland, OH 44114
1,119
Legal Fees & Expenses
- - - ---------------------
Baker & Hostetler P.O. Box 70189-T NA 53
Cleveland, OH 44190
Benesch, Friedlander, Coplan, 1100 Citizens Building NA 125
& Aronoff Cleveland, OH 44114-3399
CPN Scheduling Services, Inc. 9715 Johnnycake Ridge Rd. NA 76
Concord, OH 44060
Fuller & Henry P.O. Box 2088 NA 90
Toledo, Ohio 43603-2088
</TABLE>
<PAGE> 30
27B
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
---------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included
within one subaccount is less than $25,000, only the aggregate
number and amount of all such payments included within the
subaccount need be shown. Provide a subtotal for each type
of service.
<TABLE>
<CAPTION>
- - - --------------------------------------------------------------------------------------------------------------------
"A"=ASSOCIATE
"NA"- NON
FROM WHOM PURCHASED ADDRESS ASSOCIATE AMOUNT
- - - --------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Hamilton & Associates 8 East Long Street NA 48
Suite 210
Columbus, Ohio 43215
Kerner, William J. 6200 Oak Tree Blvd., IND-455 NA 50
Independence, Ohio 44131
King & Spalding 191 Peachtree Street NA 249
Atlanta , Ga. 30303-1763
McHugh & Shuster 5580 Monroe Street NA 33
Attorneys at Law Suite 200
Continental Capital Center
Sylvania, Ohio 43560-2538
McLaren, Richard W. 20 Stone River Drive NA 149
Moreland Hills, OH 44022
Percio, David R. 6200 Oak Tree Blvd., IND-455 NA 29
Independence, OH 44131
Porter, Wright, Morris & Arthur 41 South High Street NA 26
Columbus, OH 43215-3406
Reid & Priest 40 W. 37 Street NA 218
New York, NY 10009-4097
Schottenstein, Zox & Dunn 41 South High Street NA 32
The Huntington Center
Columbus, Ohio 43215
Shaw, Pittman, Potts & Trowbridge 2300 North Street, NW NA 113
Washington, DC 20037-1128
Sidley & Austin One First National Plaza NA 46
Chicago, Il 60603
Slover & Loftus 1224 Seventeenth Street, NW NA 667
Washington, DC 20036
Smith, Craig I. 6200 Oak Tree Blvd., IND-455 NA 30
Independence, OH 44131
</TABLE>
<PAGE> 31
27C
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
---------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included
within one subaccount is less than $25,000, only the aggregate
number and amount of all such payments included within the
subaccount need be shown. Provide a subtotal for each type
of service.
<TABLE>
<CAPTION>
- - - -------------------------------------------------------------------------------------
"A"=ASSOCIATE
"NA"- NON
FROM WHOM PURCHASED ADDRESS ASSOCIATE AMOUNT
- - - -------------------------------------------------------------------------------------
<S> <C> <C> <C>
Squire, Sanders, & Dempsey 400 Society Center NA 1,222
127 Public Square
Cleveland, OH 44114-1304
Thompson, Hine & Flory 1100 National City Bank Building NA 52
629 Euclid Avenue
Cleveland, OH 44114-3070
Winthrop, Stimson, Putman & Roberts 1 Battery Park Plaza NA 37
New York, NY 10004-1490
Other Payees (32) NA 223
---
3,568
Engineering Services
- - - --------------------
ABB C-E Services, Inc. P.O. Box 13688 NA 64
Newark, NJ 07188-0702
Babcock & Wilcox Company P.O. Box 360273M NA 207
Pittsburgh, PA 15251
Bailey Controls Company P.O. Box 74438 NA 47
Cleveland, Ohio 44194
Battelle Department L 997 NA 110
Columbus, OH 43260-2693
Burns & McDonnell P.O. Box 411883 NA 722
Kansas City, MO 64141-1883
CDI Corporation P.O. Box 98923 NA 292
Chicago, Il 60693
Chemstress Consultant Company 55 East Mill Street NA 168
Akron, OH 44308
Commercial Oil Services Phase II Trust NA 102
National City Bank Northwest
P.O. Box 1688
Toledo, OH 43603-1688
</TABLE>
w
<PAGE> 32
27D
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
---------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included
within one subaccount is less than $25,000, only the aggregate
number and amount of all such payments included within the
subaccount need be shown. Provide a subtotal for each type
of service.
<TABLE>
<CAPTION>
- - - -------------------------------------------------------------------------------------
"A"=ASSOCIATE
"NA"- NON
FROM WHOM PURCHASED ADDRESS ASSOCIATE AMOUNT
- - - -------------------------------------------------------------------------------------
<S> <C> <C> <C>
Loral Aerospace Corporation P.O. Box 6700 NA 202
Detroit, MI 48267-0644
MK-Ferguson Company 1500 West 3rd Street NA 234
Cleveland, OH 44113-1407
Pedcon, Inc. 1071 Industrial Pkwy North NA 25
Brunswick, OH 44212
Rust International P.O. Box 360803M NA 92
Pittsburgh, PA 15230-0803
Stone & Webster P.O. Box 1611 NA 130
Boston, MA 02205-1611
STV Group P.O. Box 459 NA 282
Potttstown, PA 19464-0459
Westinghouse Electric Corp. Department 73251 NA 93
Chicago, Il 60673-7251
Woodward-Clyde Consultants P.O. Box 101556 NA 326
Atlanta, GA 30392
Other Payees (23) NA 136
----
3,232
Programming Services
- - - --------------------
Computer Task Group P.O. Box 60073 NA 40
Charlotte, NC 28260
Logica, Inc. P.O. Box 29521 NA 46
Cleveland, OH 44129
Other Payees (1) NA 18
-----
104
Other Services
- - - --------------
Application Group 200 Pine Street NA 57
Suite 800
San Francisco, CA 94104
</TABLE>
<PAGE> 33
27E
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
---------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included
within one subaccount is less than $25,000, only the aggregate
number and amount of all such payments included within the
subaccount need be shown. Provide a subtotal for each type
of service.
<TABLE>
<CAPTION>
- - - -----------------------------------------------------------------------------------------------------------
"A"=ASSOCIATE
"NA"- NON
FROM WHOM PURCHASED ADDRESS ASSOCIATE AMOUNT
- - - -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Barr Delvin Associates 450 Park Avenue NA 296
New York, NY 10022
Cambridge Associates 2707 Lancashire Road NA 48
Cleveland Heights, OH 44106
Carpenter Reserve Printing P.O. Box 93113 NA 35
Cleveland, OH 44193-1314
Cleveland Electric Illuminating Co. P.O. Box 5000 A (3,575)
Cleveland, OH 44101
Croom, William C. PHD Inc. 7261 Engle Road NA 51
Suite 202
Cleveland, OH 44130-3479
Dorsey & Company 2000 East Ninth Street NA 242
Cleveland, OH 44115
Edison Electric Institute 1111 19th Street, NW NA 62
Washington, DC 20036-3691
Gallup Organization P.O. Box 3366 NA 122
Omaha, NB 68176-0280
GPS Technologies, Inc. P.O. Box 15635 NA 62
Baltimore, MD 21263
IMRS, Inc. 777 Long Ridge Road NA 31
Stamford, Ct 06902
Johnson & Higgins P.O. Box 70998 NA 429
Chicago, IL 60673-0998
Lorton, Stephen G. 6200 Oak Tree Blvd., IND-249 NA 29
Independence, OH 44131
Market Strategies 4000 Town Center NA 88
Suite 1600
Southfield , MI 48075
Mitchell Transport, Inc. 35746 Lakeshore Blvd. NA 95
Eastlake, OH 44095
</TABLE>
<PAGE> 34
27F
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
OUTSIDE SERVICES EMPLOYED - ACCOUNT 923
---------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need
be shown. Provide a subtotal for each type of service.
<TABLE>
<CAPTION>
- - - -----------------------------------------------------------------------------------------------------------
"A"=ASSOCIATE
"NA"- NON
FROM WHOM PURCHASED ADDRESS ASSOCIATE AMOUNT
- - - -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Monoky & Associates P.O. Box 2659 NA 83
Toledo, OH 43606
Potomac Communications Group 1720 I Street Northwest NA 47
Suite 800
Washington, DC 20006
Power Safety International, Inc P.O. Box 79135 NA 43
Baltimore, MD 21279-0135
Professional Services 17449 Sprague Rd. NA 33
Cleveland, OH 44136-1666
Quadres Corporation 4141 Rockside Rd. NA 110
Suite 105
Cleveland, OH 44131
RGP/Associates P.O. Box 4481 NA 35
Parkersburg, WV 26104
Staffing Solutions P.O. Box 70751T NA 33
Cleveland, OH 44122-5598
Strategic Technology, Inc. 24200 Chagrin Blvd. NA 33
Cleveland, OH 44122-5598
TAD Technical Services Co. P.O. Box 60735 NA 94
Charlotte, NC 28260
Toledo Edison Company 300 Madison Avenue A (589)
Toledo, OH 43652
Walker Customer Satisfaction P.O. Box 66270 NA 110
Measurements LP Indianapolis, IN 46266
Work in Northeast Ohio Council 5755 Granger Rd NA 43
Independence Tower, #501
Independence, OH 44131
Other Payees(205) NA 702
---
(1,151)
Total Outside Services 11,278
=======
</TABLE>
<PAGE> 35
28
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
EMPLOYEE PENSIONS AND BENEFITS - ACCOUNT 926
--------------------------------------------
INSTRUCTIONS: Provide a listing of each pension plan and benefit program
provided by the service company. Such listing should be
limited to $25,000.
<TABLE>
<CAPTION>
- - - ----------------------------------------------------------------------------------------------------------
D E S C R I P T I O N AMOUNT
- - - ----------------------------------------------------------------------------------------------------------
<S> <C>
Blue Cross/Blue Shield $2,560
Group Health Insurance (70)
HMO-Health Ohio 263
AETNA 266
Kaiser Permanente 294
Dental Insurance 423
Prescription Drug Program 414
Accidental Death & Dismemberment 35
Personal Benefit Dollars 1,232
Executives - Misc Supplemental Benefits 121
Pension 628
SERP 953
Service Award 190
Educational Assistance Program 133
SFAS 106 949
SFAS 112 914
Employee Assistance Program 120
Company Picnics 63
Retiree - Misc Supplemental Programs 78
COBRA 28
Employee Savings Plan - Company Match 33
Long Term Disability 60
Other Miscellaneous Benefits 28
------
TOTAL $9,715
======
- - - -------------------------------------------------------------------------------
</TABLE>
<PAGE> 36
29
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
GENERAL ADVERTISING EXPENSES ACCOUNT 930.1
------------------------------------------
INSTRUCTIONS: Provide a listing of the amount included in Account 930.1,
"General Advertising Expenses", classifying the items according
to the nature of the advertising and as defined in the account
definition. If a particular class includes an amount in excess
of $3,000 applicable to a single payee, show separately the
name of the payee and the aggregate amount applicable thereto.
_______________________________________________________________________________
<TABLE>
<CAPTION>
D E S C R I P T I O N NAME OF PAYEE AMOUNT
- - - -------------------------------------------------------------------------------
<S> <C> <C>
NONE
---
TOTAL $
===
- - - -------------------------------------------------------------------------------
</TABLE>
<PAGE> 37
30
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
MISCELLANEOUS GENERAL EXPENSES - ACCOUNT 930.2
----------------------------------------------
INSTRUCTIONS: Provide a listing of the amount included in Account 930.2,
"Miscellaneous General Expenses", classifying such expenses
according to their nature. Payments and expenses permitted
by Section 321 (b) (2) of the Federal Election Campaign Act,
as amended by Public Law 94-283 in 1976 (2 U.S.C.S. 441 (b)
(2) shall be separately classified.
_______________________________________________________________________________
<TABLE>
<CAPTION>
D E S C R I P T I O N AMOUNT
- - - -------------------------------------------------------------------------------
<S> <C>
Board of Directors Fees $ 362
Corporate, Civic, Employee Membership,
Industry Dues and Corporate Contributions 4,725
------
TOTAL $5,087
======
- - - -------------------------------------------------------------------------------
</TABLE>
<PAGE> 38
31
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
RENTS - ACCOUNT 931
-------------------
INSTRUCTIONS: Provide a listing of the amount included in Account 931,
"Rents", classifying such expenses by major groupings of
property, as defined in the account definition of the Uniform
System of Accounts.
_______________________________________________________________________________
<TABLE>
<CAPTION>
T Y P E O F P R O P E R T Y AMOUNT
- - - -------------------------------------------------------------------------------
<S> <C>
Office Buildings & Grounds $4,586
------
TOTAL $4,586
======
- - - -------------------------------------------------------------------------------
</TABLE>
<PAGE> 39
32
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
TAXES OTHER THAN INCOME TAXES - ACCOUNT 408
-------------------------------------------
INSTRUCTION: Provide an analysis of Account 408, "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other than
U.S. Government taxes, and (2) U.S. Government taxes. Specify
each of the various kinds of taxes and show the amounts thereof.
Provide a subtotal for each class of tax.
________________________________________________________________________________
<TABLE>
<CAPTION>
K I N D O F T A X AMOUNT
- - - ---------------------------------------------------------------------------------------------------------
<S> <C>
(1) OTHER THAN U.S. GOVERNMENT TAXES
--------------------------------
State Franchise Tax $ 6
Sales & Use Tax 1,470
State Unemployment Tax 97
Real & Personal Property Tax 8
------
Subtotal 1,581
US GOVERNMENT TAXES
-------------------
FICA 4,175
Federal Unemployment Tax 88
------
SubTotal 4,263
------
TOTAL $5,844
======
</TABLE>
_______________________________________________________________________________
<PAGE> 40
33
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
DONATIONS - ACCOUNT 426.1
-------------------------
INSTRUCTION: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose. The
aggregate number and amount of all items of less than $3,000
may be shown in lieu of details.
________________________________________________________________________________
<TABLE>
<CAPTION>
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
- - - -----------------------------------------------------------
<S> <C>
NONE
---
TOTAL $
===
- - - ------------------------------------------------------------
</TABLE>
<PAGE> 41
34
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
OTHER DEDUCTIONS - ACCOUNT 426.5
--------------------------------
INSTRUCTIONS: Provide a listing of the amount included in Account 426.5,
"Other Deductions", classifying such expenses according to
their nature.
- - - ------------------------------------------------------------------------------
D E S C R I P T I O N NAME OF PAYEE AMOUNT
- - - ------------------------------------------------------------------------------
TOTAL -----
- - - -----------------------------------------------------------------------------
<PAGE> 42
35
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
For the Year Ended December 31, 1994
------------------------------------
SCHEDULE XVIII
--------------
NOTES TO STATEMENT OF INCOME
----------------------------
_______________________________________________________________________________
INSTRUCTIONS: The space below is provided for important notes regarding the
statement of income or any account thereof. Furnish
particulars as to any significant increase in services rendered
or expenses incurred during the year. Notes relating to
financial statements shown elsewhere in this report may be
indicated here by reference.
_______________________________________________________________________________
See Schedule XIV - Notes to Financial Statements
________________________________________________________________________________
<PAGE> 43
36
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
______________________________________________________________________________
ORGANIZATION CHART
------------------
______________________________________________________________________________
-------------------------------------------------------------
| BOARD OF DIRECTORS |
-----| Chairman, President & CEO |
|----------------------------------------------------- |
| Executive Vice President, |
| Operations & Engineering |
|-------------------------------------------- |
| | V. P. Customer Support |
| |--------------------------------------- |
| | Sr. V. P. Fossil and T&D Operations |
| |--------------------------------------- |
| | V.P. T&D Operations |
| |---------------------------------- |
| |
| Senior V. P. Nuclear and V. P. Nuclear-Perry|
| --------------------------------------------|
| | V. P. Nuclear - Davis-Besse |
| |--------------------------------------- |
| |
| V. P. Finance & Administration |
|-------------------------------------------- |
| | Controller and Assistant Secretary |
| |--------------------------------------- |
| | Treasurer |
| |--------------------------------------- |
| |
| V. P. Legal & Government Affairs |
| and General Counsel |
|---------------------------------------------|
| | Corporate Secretary |
| |-------------------------------------- |
| |
| V. P. Sales and Marketing |
|-------------------------------------------- |
<PAGE> 44
37
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
______________________________________________________________________________
METHODS OF ALLOCATION
---------------------
______________________________________________________________________________
A. Kilowatt Sales Ratio
B. Company Load Ratio
C. Number of Customers Ratio
D. Number of Company Employees Ratio
E. Plant Investment Ratio
F. Level of Construction Ratio
G. Total Asset Ratio
H. Computer Resource Unit Ratio
I. Tons of Fuel Acquired Ratio
J. Nuclear Capacity Ratio
K. Number of Service Company Employees by Group Ratio
L. Amount of Nuclear Generation Ratio
M. Composite Factor Ratio
______________________________________________________________________________
<PAGE> 45
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
------------------------------------------
SIGNATURE CLAUSE
Pursuant to the requirements of the Public
Utility Holding Company Act of 1935 and the rules
and regulations of the Securities and Exchange
Commission issued thereunder, the undersigned
Company has duly caused this report to be signed
on its behalf by the undersigned officer thereunto
duly authorized.
CENTERIOR SERVICE COMPANY
------------------------------------
(Name of Reporting Company)
By: E. LYLE PEPIN
------------------------------------
(Signature of Signing Officer)
E. L. Pepin, Controller
-----------------------
(Printed Name and Title of Signing Officer)
Date: February 22, 1995
-----------------------
<TABLE> <S> <C>
<ARTICLE> OPUR2
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 0
<TOTAL-INVESTMENTS> 122
<TOTAL-CURRENT-ASSETS> 69,864
<TOTAL-DEFERRED-DEBITS> 4,760
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 74,746
<TOTAL-PROPRIETARY-CAPITAL> 1
<TOTAL-LONG-TERM-DEBT> 26,949
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0
<OTHER-CURR-AND-ACCRUED-LIAB> 20,472
<TOTAL-DEFERRED-CREDITS> 5,958
<DEFERRED-INCOME-TAX> 4,149
<TOT-LIABIL-AND-PROPRIET-CAP> 74,746
<SERVICES-ASSOCIATE-COMPANIES> 194,996
<SERVICES-NON-ASSOCIATE-COMP> 0
<MISC-INCOME-OR-LOSS> 2
<TOTAL-INCOME> 194,996
<SALARIES-AND-WAGES> 68,978
<EMPLOYEE-PENSION-AND-BENEFIT> 9,715
<OTHER-EXPENSES> 116,303
<TOTAL-EXPENSES> 194,996
<NET-INCOME> 0
<TOTAL-EXPENSES-DIRECT-COST> 152,613
<TOTAL-EXPENSES-INDIRECT-COST> 42,383
<TOT-EXP-DIRECT-AND-INDIRECT> 194,996
<PERSONNEL-END-OF-YEAR> 1,345
</TABLE>
|
|