Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1995 and Ending December 31, 1995
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 Oak Tree 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
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.
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Schedule or Account Page
Description of Schedules and Accounts Number Number
COMPARATIVE BALANCE SHEET Schedule I
SERVICE COMPANY PROPERTY Schedule II
ACCUMULATED PROVISION FOR DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY
PROPERTY Schedule III
INVESTMENTS Schedule IV
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI
STORES EXPENSE UNDISTRIBUTED Schedule VII
MISCELLANEOUS CURRENT AND ACCRUED ASSETS Schedule VIII
MISCELLANEOUS DEFERRED DEBITS Schedule IX
RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES Schedule X
PROPRIETARY CAPITAL Schedule XI
LONG-TERM DEBT Schedule XII
CURRENT AND ACCRUED LIABILITIES Schedule XIII
NOTES TO FINANCIAL STATEMENTS Schedule XIV
COMPARATIVE INCOME STATEMENT Schedule XV
ANALYSIS OF BILLING - ASSOCIATE COMPANIES Account 457
ANALYSIS OF BILLING - NONASSOCIATE COMPANIES Account 458
ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE
AND NONASSOCIATE COMPANIES Schedule XVI
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII
DEPARTMENTAL ANALYSIS OF SALARIES Account 920
OUTSIDE SERVICES EMPLOYED Account 923
EMPLOYEE PENSIONS AND BENEFITS Account 926
GENERAL ADVERTISING EXPENSES Account 930.1
MISCELLANEOUS GENERAL EXPENSES Account 930.2
RENTS Account 931
TAXES OTHER THAN INCOME TAXES Account 408
DONATIONS Account 426.1
OTHER DEDUCTIONS Account 426.5
NOTES TO STATEMENT OF INCOME Schedule XVIII
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS
Description of Reports or Statements Page
ORGANIZATION CHART
METHODS OF ALLOCATION
ANNUAL STATEMENT OF COMPENSATION FOR USE N/A
OF CAPITAL BILLED
NOTE: Dollar figures in this report are shown in thousands unless otherwise
noted.
ANNUAL REPORT OF CENTERIOR SERVICE COOMPANY - 1995
SCHEDULE I - COMPARATIVE BALANCE SHEET
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
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) 122 122
Total Investments 122 122
CURRENT AND ACCRUED ASSETS
128 Other Special Funds 579 78
131 Cash 129 2,118
134 Special deposits - -
135 Working funds - -
136 Temporary cash investments (Schedule IV) 100 -
141 Notes receivable (343) (228)
143 Accounts receivable 230 671
144 Accumulated provision for uncollectible
accounts -
146 Accounts receivable from associate
companies (Schedule V) 64,520 65,705
152 Fuel stock expenses undistributed (Schedule VI) - -
154 Materials and supplies - -
163 Stores expense undistributed (Schedule VII) - -
165 Prepayments 1,374 1,520
171 Interest Receivable - -
174 Miscellaneous current and accrued
assets (Schedule VIII) - -
Total Current and Accrued Assets 66,589 69,864
DEFERRED DEBITS
181 Unamortized debt expense - -
182 Regulatory Assets (240) (240)
184 Clearing accounts - -
186 Miscellaneous deferred debits (Schedule IX) 1,957 1,704
188 Research, development, or demonstration
expenditures (Schedule X) - -
190 Accumulated deferred income taxes 2,717 3,296
Total Deferred Debits 4,434 4,760
TOTAL ASSETS AND OTHER DEBITS 71,145 74,746
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY - 1995
SCHEDULE I - COMPARATIVE BALANCE SHEET
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL As of December 31
CURRENT PRIOR
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) 22,132 26,949
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 22,132 26,949
OTHER NON-CURRENT LIABILITIES
228.3Accumulated provision for pensions &
benefits 19,146 17,217
Total Other Non-Current Liabilities 19,146 17,217
CURRENT AND ACCRUED LIABILITIES
231 Notes payable - -
232 Accounts payable 7,466 7,281
233 Notes payable to associate
companies (Schedule XIII) - -
234 Accounts payable to associate
companies Schedule XIII) (242) 2,671
236 Taxes accrued 440 684
237 Interest accrued 192 319
238 Dividends declared - -
241 Tax collections payable 529 371
242 Miscellaneous current and accrued
liabilities (Schedule XIII) 12,075 9,146
Total Current and Accrued Liabilities 20,460 20,472
DEFERRED CREDITS
253 Other deferred credits 5,383 5,958
255 Accumulated deferred investment tax credits - -
Total Deferred Credits 5,383 5,958
282 ACCUMULATED DEFERRED INCOME TAXES - -
283 Accumulated Deferred Income Taxes - Other 4,023 4,149
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $71,145 $74,746
<TABLE>
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
SCHEDULE II - SERVICE COMPANY PROPERTY
<CAPTION>
Balance at Retirements Balance at
Beginning or Other Close of
Description of Year Additions Sales Changes 1/ Year
SERVICE COMPANY PROPERTY
Account
<S> <C> <C> <C> <C> <C>
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 $ - $ - $ - $ - $ -
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
</TABLE>
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:
Balance at
Close of
Subaccount Description Additions Year
NONE
3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY:
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
<TABLE>
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
SCHEDULE III - ACCUMULATED PROVISION FOR DEPRECIATION AND
AMORTIZATION OF SERVICE COMPANY PROPERTY
<CAPTION>
Additions
Balance at Charged Balance at
Beginning to Other Changes Close of
Description of Year Account 403 Retirements (Deduct)1/ Year
Account
<S> <C> <C> <C> <C> <C>
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
$ - $ - $ - $ - $ -
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
</TABLE>
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
Balance at Balance at
Beginning Close of
Description of Year Year
ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES $ - $ -
ACCOUNT 124 - OTHER INVESTMENTS
Purchase of emission allowance 122 122
Account 136 - Temporary Cash Investments - 100
TOTAL $122 $222
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
Balance at Balance at
Beginning Close of
Description of Year Year
ACCOUNT 146 -ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES
THE CLEVELAND ELECTRIC ILLUMINATING CO. $44,806 $44,654
THE TOLEDO EDISON COMPANY 19,409 19,802
CENTERIOR ENERGY CORPORATION 1,490 2
CENTERIOR PROPERTIES COMPANY - 33
CCO COMPANY - 29
TOTAL $65,705 $64,520
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: Total
Payments
-
TOTAL PAYMENTS $ -
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
Labor Expenses Total
ACCOUNT 152 - FUEL STOCK EXPENSES
UNDISTRIBUTED
NONE
TOTAL - - -
SUMMARY:
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
Description Labor Expenses Total
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED $ $ $
NONE
TOTAL $ - $ - $ -
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
Balance at Balance at
Beginning Close of
Description of Year Year
ACCOUNT 174 - MISCELLANEOUS CURRENT AND
ACCRUED ASSETS
NONE
TOTAL - -
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
Balance at Balance at
Beginning Close of
Description of Year Year
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS
Deferred Dental Benefit Cost 222 194
Deferred Office Equipment 1,125 1,208
Other 357 555
TOTAL $1,704 $1,957
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
Description Amount
ACCOUNT 188 - RESEARCH, DEVELOPMENT, OR DEMONSTRATION
NONE
TOTAL $ -
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
SCHEDULE XI - PROPRIETARY CAPITAL
Par Or Outstanding Close
Account Number Of Stated Of Period
Number Class Of Stock Shares Value No. Of Total
201 COMMON STOCK ISSUED 750 $- 750 $1
INSTRUCTIONS: Classify amounts in each account with brief explanation,
disclosing the general nature of transactions which gave
rise to the reported amounts.
Description
ACCOUNT 211 - MISCELLANEOUS PAID IN CAPITAL
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS
TOTAL $ -
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.
Balance At Net Income Balance At
Beginning Or Dividends Close Of
Description of Year (Loss) Paid Year
ACCOUNT 216 - UNAPPROPRIATED
RETAINED EARNINGS
NONE
TOTAL $ - $ - $ - $ -
<TABLE>
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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 At
Class & Series Of Interest Amount Beginning At Close
Name Of Creditor Of Obligation Maturity Rate Authorized Of Year Additions Deductions Of Year
ACCOUNT 223 - ADVANCES
FROM ASSOCIATE
<S> <C> <C> <C> <C>
COMPANIES: Advance on Open $26,949 $328,692 $333,509 $22,132
Account Centerior
Energy Corp.
ACCOUNT 224 - OTHER LONG-TERM DEBT
TOTAL $26,949 $328,692 $333,509 $22,132
1/GIVE AN EXPLANATION OF DEDUCTIONS: Payments Per Agreements
</TABLE>
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
Balance at Balance at
Beginning Close of
Description of Year Year
ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE
COMPANIES
NONE
TOTAL - -
ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE
COMPANIES
The Cleveland Electric Illuminating Co. $753 $(204)
The Toledo Edison Co. 653 (124)
Centerior Energy Corporation 1,265 86
TOTAL $2,671 $(242)
ACCOUNT 242 - MISCELLANEOUS CURRENT AND ACCRUED
LIABILITIES
ACCRUALS - Deferred Compensation -
Exec. Officers $ 146 $ 141
- Net Payroll Payable 2,239 1,927
- Bond Purchase Plan (133) (164)
- Stock Purchase Plan 110 120
- Employee Savings Plan-Before Tax (74) 293
- Court Bankruptcy 15 15
- CSC - United Way - 41
- CSC - Child Support - 17
- Employee Electric Living Program 51 -
- Accrued Vacation 4,046 4,296
- Flexible Spending Acct. -Health Care 50 73
- Flexible Spending Acct. -Dependent Care 29 41
- GULP - Executive Insurance 97 132
- Miscellaneous - Other - 6
- Unclaimed Funds - (78)
- Employee Savings Plan - After Tax 9 44
- SFAS 112 Workers Comp Liability 537 537
- SFAS 112 Long-Term Disability 1,240 1,164
- SFAS 112 Short-Term Disability 784 1,585
- TECO FCU - 60
- Corporate Incentive Compensation
Payout - 1,825
TOTAL $9,146 $12,075
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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 five 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, 1995, the Service Company had no bank lines of
credit. The Service Company may borrow up to $25,000,000 under a
$125,000,000 revolving credit facility of Centerior Energy.
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
SCHEDULE XV - STATEMENT OF INCOME
Account Description Current Prior
Year Year
INCOME
457 Services rendered to associate companies $208,076 $194,996
458 Services rendered to nonassociate
companies - -
415 Jobbing - (2)
421 Miscellaneous income or loss - 2
Total Income 208,076 194,996
EXPENSE
920 Salaries and wages 69,817 68,978
921 Office supplies and expenses 105,818 88,962
922 Administrative expense transferred-
credit - -
923 Outside services employed 7,615 11,278
924 Property insurance - -
925 Injuries and damages 321 372
926 Employee pensions and benefits 7,640 9,715
928 Regulatory commission expense - -
930.1 General advertising expenses - -
930.2 Miscellaneous general expenses 4,952 5,087
931 Rents 2,588 4,586
932 Maintenance of structures and equipment - -
403 Depreciation and amortization expense - -
408 Taxes other than income taxes 9,120 5,844
409 Income taxes (453) 68
410 Provision for deferred income taxes 1,758 17,854
411 Provision for deferred income taxes -
credit (1,306) (17,748)
411.5 Investment tax credit - -
426.1 Donations - -
426.5 Other deductions - -
427 Interest on long-term debt - -
430 Interest on debt to associate
companies - -
431 Other interest expense 206 -
Total Expense 208,076 194,996
Net Income or (Loss) $ - $ -
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
ANALYSIS OF BILLING
ASSOCIATE COMPANIES - ACCOUNT 457
Direct Indirect Compensation Total
Costs Costs For Use Amount
Name Of Associate Company Charged Charged Of Capital Billed
457-1 457-2 457-3
Cleveland Electric Illuminating $118,552 $22,533 $ - $141,085
Company
Toledo Edison Company 54,124 12,533 - 66,657
Centerior Energy Corporation - 334 - 334
TOTAL $172,676 $35,400 $ - $208,076
ANNNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES - ACCOUNT 458
INSTRUCTION: Provide a brief description of the services rendered to each
nonassociate company:
Compen-
Direct Indirect sation Excess
Name Of Costs Costs For Use Of Total Or Total
Nonassociate Company Charged Charged Capital Cost Deficiency Amount
458-1 458-2 458-3 458-4 Billed
TOTAL $ - $ - $ - $ - $ - $ -
<TABLE>
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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> <S>
920 SALARIES AND WAGES $59,639 $10,178 $69,817 $ - $ - $ -
921 OFFICE SUPPLIES AND 90,805 15,013 105,818 - - -
EXPENSES
922 ADMINISTRATIVE
EXPENSE - - - - - -
TRANSFERRED-CREDIT
923 OUTSIDE SERVICES
EMPLOYED 7,380 235 7,615 - - -
924 PROPERTY INSURANCE - - - - - -
925 INJURIES AND DAMAGES 216 105 321 - - -
926 EMPLOYEE PENSIONS
AND BENEFITS 3,189 4,451 7,640 - - -
928 REGULATORY COMMISSION - - - - - -
EXPENSE
930.1GENERAL ADVERTISING - - - - - -
EXPENSE
930.2MISCELLANEOUS GENERAL 3,801 1,151 4,952 - - -
EXPENSES
931 RENTS 2,588 - 2,588 - - -
932 MAINTENANCE OF
STRUCTURES AND - - - - - -
EQUIPMENTS
403 DEPRECIATION AND
AMORTIZATION - - - - - -
408 TAXES OTHER THAN INCOME 4,853 4,267 9,120 - - -
TAXES
409 INCOME TAXES (453) - (453) - - -
410 PROVISION FOR DEFERRE 1,758 - 1,758 - - -
INCOME TAXES
411 PROVISION FOR DEFERRED (1,306) - (1,306) - - -
INCOME TAXES - CREDIT
411.5INVESTMENT TAX CREDIT - - - - - -
426.1DONATIONS - - - - - -
426.5OTHER DEDUCTIONS - - - - - -
427 INTEREST ON
LONG-TERM DEBT - - - - - -
431 OTHER INTEREST EXPENSE 206 - 206 - - -
TOTAL EXPENSES = 172,676 35,400 208,076 - - -
COMPENSATION FOR USE
OF EQUITY CAPITAL =
430 INT ON DEBT TO ASSOC.
COMPANIES =
TOTAL COST OF
SERVICE = $172,676 $35,400 $208,076 $ - $ - $-
</TABLE>
TOTAL CHARGES FOR SERVICE
DIRECT INDIRECT
COST COST TOTAL
920 SALARIES AND WAGES $ 59,639 $10,178 $ 69,817
921 OFFICE SUPPLIES AND EXPENSES 90,805 15,013 105,818
922 ADMINISTRATIVE EXPENSE
TRANSFERRED-CREDIT - - -
923 OUTSIDE SERVICES EMPLOYED 7,380 235 7,615
924 PROPERTY INSURANCE - - -
925 INJURIES AND DAMAGES 216 105 321
926 EMPLOYEE PENSIONS AND BENEFITS 3,189 4,451 7,640
928 REGULATORY COMMISION EXPENSE - - -
930.1GENERAL ADVERTISING EXPENSE - - -
930.2MISCELLANEOUS GENERAL EXPENSES 3,801 1,151 4,952
931 RENTS 2,588 - 2,588
932 MAINTENANCE OF STRUCTURES AND
EQUIPMENTS - - -
403 DEPRECIATION AND AMORTIZATION - - -
408 TAXES OTHER THAN INCOME TAXES 4,853 4,267 9,120
409 INCOME TAXES (453) - (453)
410 PROVISION FOR DEFERRED INCOME TAXES 1,758 - 1,758
411 PROVISION FOR DEFERRED INCOME TAXES
- CREDIT (1,306) - (1,306)
411.5INVESTMENT TAX CREDIT - - -
426.1DONATIONS - - -
426.5OTHER DEDUCTIONS - - -
427 INTEREST ON LONG-TERM DEBT - - -
431 OTHER INTEREST EXPENSE 206 - 206
TOTAL EXPENSES = 172,676 35,400 208,076
COMPENSATION FOR USE OF EQUITY CAPITAL =
430 INT ON DEBT TO ASSOC.
COMPANIES =
TOTAL COST OF SERVICE = $172,676 $35,400 $208,076
<TABLE>
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
TOTAL Exec Corporate Strategic Human
AMOUNT OVERHEAD Staff Contriers Treasury Relations Auditing Planning Resources Rates
920 SALARIES &
<S> <C> <S><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WAGES $ 69,817 - $ 783 $ 5,796 $ 2,130 $ 505 $ 1,072 $ 521 $ 4,052 $ 1,177
921 OFFICE SUPPLIES
& EXPENSES 105,818 - 1,220 1,567 1,546 2,859 188 248 50,905 310
922 ADMINISTRATIVE
EXPENSE - - - - - - - - - -
TRANSFERRED
-CREDIT
923 OUTSIDE
SERVICES
EMPLOYED 7,615 - 789 266 908 1,214 841 22 (6,371) 291
924 PROPERTY
INSURANCE - - - - - - - - - -
925 INJURIES &
DAMAGES 321 - - - 166 129 - - 26 -
926 EMPLOYEE
PENSIONS & 7,640 - - - - - - - 7,640 -
BENEFITS
928 REGULATORY
COMMISSION - - - - - - - - - -
EXPENSE
930.1 GENERAL
ADVERTISING - - - - - - - - - -
EXPENSE
930.2 MISCELLANEOUS-
GENERAL 4,952 - - - (9) 351 - - - -
EXPENSES
931 RENTS 2,588 - - - - - - - - -
932 MAINTENANCE OF
STRUCTURES - - - - - - - - - -
& EQUIPMENTS
403 DEPRECIATION &
AMORTIZATION - - - - - - - - - -
408 TAXES OTHER THAN
INCOME TAXES 9,120 - - 9,120 - - - - - -
409 INCOME TAXES (453) - - (453) - - - - - -
410 PROVISION FOR
DEFERRED 1,758 - - 1,758 - - - - - -
INCOME TAXES
411 PROVISION FOR
DEFERRED (1,306) - - (1,306) - - - - - -
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 206 - - 206 - - - - - -
TOTAL
EXPENSES = $208,076 $ - $2,792 $16,954 $ 4,741 $ 5,058 $ 2,101 $ 791 $56,252 $ 1,778
</TABLE>
<TABLE>
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
SCHEDULE XVII - SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT OR
SERVICE FUNCTION
<CAPTION>
Legal & Corprate Fossil & Operations Environ-
ACCOUNT Info Pro- Gov't Communi- Operations System & Corporate Customer mental
NUMBER Systems curement Affairs cations Services Nuclear Planning MKT Engineer Services Support Safety
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 $10,596 $2,374 $1,708 $1,272 $13,651 $ 839 $3,656 $3,868 $10,660 $ 3,021 $1,305 $ 831
922 - - - - - - - - - - - -
923 472 12 2,785 254 1,476 14 325 1,114 1,623 1,327 - 253
924 - - - - - - - - - - - -
925 - - - - - - - - - - - -
926 - - - - - - - - - - - -
928 - - - - - - - - - - - -
930.1 - - - - - - - - - - - -
930.2 - - 4,610 - - - - - - - - -
931 2 - - - - - - - - 2,586 - -
932 - - - - - - - - - - - -
403 - - - - - - - - - - - -
408 - - - - - - - - - - - -
409 - - - - - - - - - - - -
410 - - - - - - - - - - - -
411.5 - - - - - - - - - - - -
421 - - - - - - - - - - - -
426.1 - - - - - - - - - - - -
426.5 - - - - - - - - - - - -
427 - - - - - - - - - - - -
430 - - - - - - - - - - - -
431 - - - - - - - - - - - -
TOTAL $22,879 $2,711 $5,381 $7,611 $17,503 $ 964 $7,219 $14,118 $15,226 $20,676 1,575 $1,746
</TABLE>
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
DEPARTMENTAL ANALYSIS OF SALARIES - ACCOUNT 920
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 ASSOICATES YEAR
Executive Staff $ 783 $ - $ 783 $ - 12
Controllers 5,796 - 5,796 - 134
Treasury 2,130 - 2,130 - 14
Corporate Relations 505 - 505 - 25
Auditing 1,071 - 1,071 - 20
Strategic Planning 521 - 521 - 14
Human Resources 4,052 - 4,052 - 92
Procurement 2,375 - 2,375 - 46
Information Systems 10,596 - 10,596 - 157
Legal & Governmental Affairs 1,708 - 1,708 - 50
Corporate Communications 1,272 - 1,272 - 17
Fossil Operations & Services 13,651 - 13,651 - 259
Nuclear 839 - 839 - 2
System Planning 3,656 - 3,656 - 66
Marketing 3,868 - 3,868 - 142
T&D Operations & Engineering 10,660 - 10,660 - 172
Corporate Services 3,021 - 3,021 - 90
Customer Support 1,304 - 1,304 - 21
Environmental & Safety 831 - 831 - 17
Rates 1,178 - 1,178 - 23
TOTAL $69,817 $ - $69,817 $ 0 1,373
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
"A"=ASSOCIATE
"NA"- NON
FROM WHOM PURCHASED ADDRESS ASSOCIATE AMOUNT
Management Consulting Fees & Expenses
Arter & Hadden Washington, DC 20006 NA $ 142
Bank of Boston Boston, MA 02105-1728 NA 28
Carpenter Reserve Printing Cleveland, OH 44103 NA 32
Casazza, Shultz and Associates Arlington, VA 22209 NA 75
Dames & Moore Los Angeles, CA 9007 NA 81
Delta Research Company Chicago, IL 60610 NA 61
Dix & Eaton, Inc. Cleveland, OH 44190 NA 164
Douglas, Daniel W. Woodland Hills, CA 91364 NA 41
Ernst & Young Cleveland, Ohio 44115 NA 645
Energy Management Associates Newark, NJ 07193-0552 NA 101
Jastech Inc. Cleveland, OH 44190-1547 NA 78
Johnson & Higgins Chicago, IL 60673-0998 NA 423
KPMG Peat Marwick Atlanta, Ga 30384-8387 NA 548
Liberty Consulting Group Baltimore, MD 21201 NA 84
Macro Corporation Horsham, PA 19044-3471 NA 174
National City Bank Cleveland, OH 44101-0756 NA 226
Nolan Norton & Co., LLP Atlanta, Ga 30384-8387 NA 29
Management Consultants
Price Waterhouse Pittsburgh, PA 15264-1252 NA 122
Quadres Corporation Cleveland, Ohio 44131 NA 492
Ruvolo & Associates Toledo, OH 43604-1220 NA 30
Saunders, Donald H. Toledo, Ohio 43652 NA 88
Smart, Paul M. Toledo, Ohio 43652 NA 47
Wehrmeister, John, M.D. Maumee, Oh 43537 NA 48
Other Payees (37) NA 234
3,993
Auditors Fees & Expenses
Arthur Andersen & Co. Cleveland, OH 44114 NA 1,153
1,153
Legal Fees & Expenses
Calfe, Halter & Griswold Cleveland, OH 44114-2688 NA 112
Eckert, Seamans & Cherin Pittsburgh, PA 15219 NA 26
Fuller & Henry Toledo, Ohio 43603-2088 NA 197
Havey, John A. Aliquippa, PA 15001 NA 35
Jones, Day Reavis & Pogue Cleveland, OH 44190 NA 81
McLaren, Richard W. Moreland Hills, OH 44022 NA 255
Ohio Edison Akron, OH 44308 NA 45
Porter, Wright, Morris & Arthur Columbus, OH 43215-3406 NA 34
Reid & Priest New York, NY 10009-4097 NA 158
Shaw, Pittman, Potts & Trowbridge Washington, DC 20037-1128 NA 77
Sidley & Austin Chicago, Il 60603 NA 125
Slover & Loftus Washington, DC 20036 NA 1,127
Squire, Sanders, & Dempsey Cleveland, OH 44114-1304 NA 964
Wilkes, Artis & Hedrick Washington DC 20006-2897 NA 35
Other Payees (29) NA 136
3,407
Engineering Services
ABB C-E Services, Inc. Newark, NJ 07188-0702 NA 27
American Analytical Akron, OH 44311-1516 NA 38
Babcock & Wilcox Company Pittsburgh, PA 15251 NA 54
Battelle Columbus, OH 43260-2693 NA 56
Bowser-Morner Associates Toledo, OH 43697-0838 NA 81
Burns & McDonnell Kansas City, MO 64141 NA 41
CDI Corporation Chicago, Il 60693 NA 127
Delta Research Company Chicago, IL 60610 NA 51
Lehigh University Bethlehem, PA 18015 NA 30
Loral Aerospace Corporation Detroit, MI 48267-0644 NA 161
Sargent & Lundy Chicago, IL 60603-5780 NA 49
Other Payees (15) NA 119
834
Programming Services
Wilco Information Management Cleveland, OH 44128 NA 67
Other Payees (2) NA 12
79
Other Services
Barr Delvin Associates New York, NY 10022 NA 178
Central Locating Servic Syracuse, NY 13206 NA 262
Charlotte Rettinger Incorporated Great Neck, NY 11021 NA 45
Cleveland Electric Illuminating Cleveland, OH 44101 A (4,071)
Company
Croom, William C. PHD Inc. Cleveland, OH 44130-3479 NA 68
DRT Systems International Buffalo, NY 14240 NA 35
E. I. Dupont De Nemours Pittsburgh, PA 15250 NA 55
EVTC Independece, OH 44131 NA 55
Executive Caterers Mayfield Hts., OH 44124 NA 42
Gartner Group, Inc. Stamford, CT 06904-2212 NA 95
Gillett Lehman Associates Town & Country, MS 63017 NA 58
Hamilton & Associates Columbus, OH 43215 NA 52
Intergraph Corporation Chicago, IL 60673-3822 NA 60
Market Strategies Southfield , MI 48075 NA 41
Morgan Stanley & Company New York, NY 10020 NA 172
Pioneer-Standard Electronics Pittsburgh, PA 15250 NA 119
Potomac Communications Group Washington, DC 20006 NA 87
Power Safety International, Inc Baltimore, MD 21279-0135 NA 56
RGP/Associates Parkersburg, WV 26104 NA 26
S&P Solutions Cleveland, OH 44192 NA 33
SRC Systems Inc. Bala Cynwyd, PA 19004 NA 122
St. Charles Hospital Oregon, OH 43616 NA 27
St. Vincient Medical Center Toledo, OH 43608-2603 NA 39
TAD Technical Services Co. Charlotte, NC 28260 NA 64
Toledo Edison Company Toledo, OH 43652 A (637)
Walker Customer Satisfaction Indianapolis, IN 46266 NA 228
Other Payees(384) NA 838
(1,851)
Total Outside Services 7,615
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
D E S C R I P T I O N AMOUNT
Blue Cross/Blue Shield $2,820
Group Life Insurance (18)
HMO-Health Ohio 214
AETNA 186
Kaiser Permanente 284
Dental Insurance 384
Prescription Drug Program 571
Accidental Death & Dismemberment 50
Personal Benefit Dollars 1,415
Executives - Misc Supplemental Benefits 159
Pension (1,422)
SERP 613
Service Award 1
Educational Assistance Program 73
SFAS 106 1,929
SFAS 112 79
Employee Assistance Program 116
Company Picnics 50
COBRA 27
Long Term Disability 76
Other Miscellaneous Benefits 33
TOTAL $7,640
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
D E S C R I P T I O N NAME OF PAYEE AMOUNT
NONE
TOTAL $
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
D E S C R I P T I O N AMOUNT
Board of Directors Fees $ 351
Corporate, Civic, Employee Membership,
Industry Dues and Corporate Contributions 4,601
TOTAL $4,952
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
T Y P E O F P R O P E R T Y AMOUNT
Office Buildings & Grounds $2,588
TOTAL $2,588
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
K I N D O F T A X AMOUNT
(1) OTHER THAN U.S. GOVERNMENT TAXES
Sales & Use Tax $4,295
State Unemployment Tax 70
Real & Personal Property Tax 6
Subtotal 4,371
(2) US GOVERNMENT TAXES
FICA 4,919
Federal Unemployment Tax (170)
SubTotal $4,749
TOTAL $9,120
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
NONE
TOTAL $
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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
NONE
TOTAL
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY
For the Year Ended December 31, 1995
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
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
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
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 29, 1996
<TABLE> <S> <C>
<ARTICLE> OPUR2
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 0
<TOTAL-INVESTMENTS> 122
<TOTAL-CURRENT-ASSETS> 66,589
<TOTAL-DEFERRED-DEBITS> 4,434
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 71,145
<TOTAL-PROPRIETARY-CAPITAL> 1
<TOTAL-LONG-TERM-DEBT> 22,132
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0
<OTHER-CURR-AND-ACCRUED-LIAB> 39,606
<TOTAL-DEFERRED-CREDITS> 5,383
<DEFERRED-INCOME-TAX> 4,023
<TOT-LIABIL-AND-PROPRIET-CAP> 71,145
<SERVICES-ASSOCIATE-COMPANIES> 208,076
<SERVICES-NON-ASSOCIATE-COMP> 0
<MISC-INCOME-OR-LOSS> 0
<TOTAL-INCOME> 208,076
<SALARIES-AND-WAGES> 69,817
<EMPLOYEE-PENSION-AND-BENEFIT> 7,640
<OTHER-EXPENSES> 130,619
<TOTAL-EXPENSES> 208,076
<NET-INCOME> 0
<TOTAL-EXPENSES-DIRECT-COST> 172,676
<TOTAL-EXPENSES-INDIRECT-COST> 35,400
<TOT-EXP-DIRECT-AND-INDIRECT> 208,076
<PERSONNEL-END-OF-YEAR> 1,373
</TABLE>
