February 27, 1995
Securities and Exchange Commission
6432 General Green Way
Alexandria, VA 23212-2413
Gentlemen:
We are transmitting herewith Indiana Energy, Inc.'s
Statement on Form U-3A-2.
The $500.00 filing fee was transmitted via FEDWIRE on
February 24, 1995.
Sincerely,
/s/Kathleen S. Morris
Kathleen S. Morris
KSM:rs
File No. 069-00312
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-3A-2
Statement by Holding Company Claiming Exemption
Under Rule U-3A-2 from the Provisions of the Public
Utility Holding Company Act of 1935
To Be Filed Annually Prior to March 1
INDIANA ENERGY, INC.
hereby files with the Securities and Exchange
Commission (Commission), pursuant to Rule 2, its
statement claiming exemption as a holding company from
the provisions of the Public Utility Holding Company
Act of 1935, and submits the following information:
1. Name, State of organization, location and
nature of business of claimant and every subsidiary thereof.
Indiana Energy, Inc. (Indiana Energy), Claimant
in this statement, is an Indiana corporation with
its principal offices in Indianapolis, Indiana.
Claimant is a "holding company" (as such term is
defined by the Act), owning all of the issued and
outstanding shares of common stock of Indiana Gas
Company, Inc. (Indiana Gas) and IEI Investments,
Inc. (IEI Investments).
Indiana Gas is an Indiana corporation engaged
in the business of supplying gas service at retail,
including transportation, to ultimate consumers,
all within the state of Indiana. For the
twelve-month period ending December 31, 1994,
virtually all of Indiana Energy's consolidated
earnings were derived from the operations of
Indiana Gas and its subsidiaries. Indiana Gas is a
"subsidiary company" of Indiana Energy and is also
a "gas utility company" and a "public utility
company" (as such terms are defined by the Act).
Indiana Gas owns all of the issued and
outstanding shares of common stock of Terre Haute
Gas Corporation (Terre Haute) and Richmond Gas
Corporation (Richmond), both of which are Indiana
corporations. While Terre Haute and Richmond
technically exist as separate corporate entities,
in accordance with an order issued by the Indiana
Utility Regulatory Commission, Indiana Gas, Terre
Haute and Richmond have combined their operations
for all purposes and are transacting business under
the name Indiana Gas Company, Inc. Pursuant to
that order, accounting records and financial
reports are on a consolidated basis. For purposes
of this statement, any reference to Indiana Gas
will, in effect, be inclusive of the separate
corporate entities of Richmond and Terre Haute.
Indiana Energy owns all of the outstanding
shares of capital stock of IEI Investments, an
Indiana corporation. IEI Investments was formed
for the purpose of grouping and controlling
nonregulated businesses of Indiana Energy and
investments therein and to separate them from
regulated businesses.
IEI Investments owns all of the issued and
outstanding shares of capital stock of IGC Energy,
Inc. (IGC Energy), an Indiana corporation. On
November 1, 1994, IGC Energy formed a natural gas
marketing subsidiary, Indiana Energy Services, Inc.
(IES), which will provide natural gas services to
large-volume industrial and commercial customers,
as well as to local distribution companies. IES'
services will include assisting its customers with
the acquisition of gas supply, pipeline
transportation services and gas management services
including nomination services, balancing services
and load forecasting. IGC Energy owns all of the
issued and outstanding shares of capital stock of
IES, which is also an Indiana corporation. IGC
Energy holds interests in the following businesses
as well:
(i) It is a limited partner in Lima Resources
Associates, L.P. (LIMA). Other limited partners
are Laclede Energy Resources, Inc., a wholly-
owned subsidiary of Laclede Gas Company, a
general partner; Vulcan Oil and Gas
Company, a subsidiary of Alabama-Tennessee
Natural Gas Company; and Mississippi
Energies, Inc., a subsidiary of Mississippi
Valley Gas Company. LIMA is engaged in the
business of exploring for hydrocarbons.
(ii) On October 2, 1990, IGC Energy acquired
approximately 35 percent of the outstanding
voting securities of Loggins, Incorporated, a
wholesale distributor of propane and
natural gas appliances and corrugated
stainless steel tubing (flexible pipe)
based in Indianapolis, Indiana.
IEI Investments also owns all of the
outstanding voting securities of Energy Realty,
Inc. (Energy Realty). Energy Realty is an Indiana
corporation engaged in the business of real
estate. Energy Realty currently owns a warehouse
facility which is leased to Indiana Gas and is also
a limited partner in an affordable housing complex.
2. A brief description of the properties of
claimant and each of its subsidiary public utility
companies used for the production, transmission and
distribution of natural or manufactured gas, indicating
the location of principal transmission lines, producing
fields, gas manufacturing plants and gas distribution
facilities, including all such properties which are
outside the State in which claimant and its
subsidiaries are organized and all transmission or
pipelines which deliver or receive gas at the borders
of such State.
At the date of the filing of this Statement,
Indiana Energy had no properties and is solely a
holding company owning all of the issued and
outstanding shares of common stock of Indiana Gas
and IEI Investments.
The properties of Indiana Gas used for the
production, storage and distribution of gas are
located solely within the state of Indiana except
for pipeline facilities extending from points in
northern Kentucky to points in southern Indiana by
means of which gas is transported to Indiana for
sale or transportation by Indiana Gas to ultimate
customers in Indiana. At December 31, 1994, these
included approximately 9,798 miles of distribution
mains; 467,540 meters, seven reservoirs for
underground storage of purchased gas with
approximately 107,074 acres of land owned and/or
held under storage easements with 10,768,760 Dth of
gas in storage providing a daily deliverability
capacity of 138,860 Dth. Indiana Gas has five
liquefied petroleum air gas manufacturing plants
with a total daily capacity of 36,700 Dth of gas.
These properties are used by Indiana Gas in its gas
operations in which gas is supplied to
approximately 456,000 consumers in 281 communities
in 48 of the 92 counties in the state of Indiana.
The largest communities served are Muncie,
Anderson, Lafayette-West Lafayette, Bloomington,
Terre Haute, Marion, New Albany, Columbus,
Jeffersonville, New Castle and Richmond.
Indiana Gas obtains gas for its operations
primarily from out-of-state producers, brokers and
marketers under both medium-term and short-term
contracts. Gas is transported to Indiana Gas'
system by interstate pipeline suppliers under
Federal Energy Regulatory Commission approved rate
schedules.
3. The following information for the last
calendar year with respect to Claimant and each of its
subsidiary public utility companies:
(a) Number of Dth of gas distributed at retail:
Company Calendar Year DTH
Indiana Gas 1994 79,248,000 Sales
31,904,000 Transportation
111,152,000 Total Throughput
(b) Number of Dth of gas distributed at retail
outside the State in which each such company is organized:
None
(c) Number of Dth of gas sold at wholesale
outside the State in which each such company is
organized, or at the State line:
Company Calendar Year DTH
Indiana Gas 1994 690,000
(d) Number of Dth of gas purchased outside the
State in which each such company is organized
or at the State line:
Indiana Gas purchased 82,151,000 Dth of gas
outside the state of Indiana during calendar
1994. These were purchases for system supply.
This gas was transported by interstate pipeline
companies to Indiana Gas facilities within the
State or delivery points in northern Kentucky.
4. The following information for the reporting
period with respect to claimant and each interest it
holds directly or indirectly in a EWG or a foreign
utility company.
Inapplicable to claimant.
Exhibit A
A consolidating statement of income and a
consolidating statement of retained earnings of Indiana
Energy and subsidiaries, for the calendar year 1994,
together with a consolidating balance sheet of Indiana
Energy and subsidiary companies, as of the close of
such calendar year, are annexed hereto as Exhibit A.
Exhibit B
See the Financial Data Schedule filed herewith as
Exhibit 27.
Exhibit C
Inapplicable to claimant.
The above named Claimant has caused this statement
to be duly executed on its behalf by its authorized
officer on this 27th day of February 1995.
INDIANA ENERGY, INC.
(Name of Claimant)
By /s/Niel C. Ellerbrook
Niel C. Ellerbrook
Vice President and Treasurer
and Chief Financial Officer
Attest:
/s/Ronald E. Christian
Ronald E. Christian
Secretary
Name, title and address of officer to whom notices and
correspondence concerning this statement should be
addressed:
Niel C. Ellerbrook
Vice President and Treasurer
and Chief Financial Officer
Indiana Energy, Inc.
1630 North Meridian Street
Indianapolis, Indiana 46202
<TABLE>
INDIANA ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(Thousands - Unaudited)
Indiana
Indiana IEI Energy Energy Adjustments
Indiana Gas Company, Investments IGC Realty, Services, Debit
ASSETS Energy, Inc. Inc. Inc. Energy, Inc. Inc. Inc. (Credit) Consolidated
<S> <C> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Utility plant - original
cost $ - $ 835,329 $ - $ - $ - $ - $ - $ 835,329
Less - Accumulated
depreciation and
amortization - 297,485 - - - - - 297,485
- 537,844 - - - - - 537,844
EQUITY IN NET ASSETS OF
WHOLLY-OWNED SUBSIDIARIES:
Indiana Gas Company, Inc. 265,074 - - - - - (265,074) -
IEI Investments, Inc. 9,186 - - - - - (9,186) -
IGC Energy, Inc. - - 8,951 - - - (8,951) -
Energy Realty, Inc. - - 195 - - - (195) -
Indiana Energy Services,
Inc. - - - 14 - - (14) -
274,260 - 9,146 14 - - (283,420) -
NONUTILITY PLANT AND OTHER
INVESTMENTS - NET - 391 - 853 5,647 - - 6,891
CURRENT ASSETS:
Cash and cash equivalents 2,096 20 38 8,052 316 1 (8,812) 1,711
Accounts receivable, less
reserves - 31,469 - 146 - - - 31,615
Accounts receivable from
affiliated companies 52 - 2 32 84 642 (812) -
Accrued unbilled revenues - 26,573 - - - - - 26,573
Materials and supplies -
at average cost - 3,878 - - - - - 3,878
Liquefied petroleum gas -
at average cost - 947 - - - - - 947
Gas in underground storage
- at last-in, first-out
cost - 60,401 - - - - - 60,401
Prepayments and other - 1,402 - 34 3 - - 1,439
2,148 124,690 40 8,264 403 643 (9,624) 126,564
DEFERRED CHARGES:
Unamortized debt discount
and expense - 6,835 - - 133 - - 6,968
Environmental costs - 12,228 - - - - - 12,228
Other 3 14,362 - - - - - 14,365
3 33,425 - - 133 - - 33,561
$ 276,411 $ 696,350 $ 9,186 $ 9,131 $6,183 $ 643 $ (293,044) $ 704,860
</TABLE>
<TABLE>
INDIANA ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1994
(Thousands - Unaudited)
Indiana
Indiana IEI IGC Energy Energy Adjustments
SHAREHOLDERS' EQUITY AND Indiana Gas Company, Investments Energy, Realty, Services, Debit
LIABILITIES Energy, Inc. Inc. Inc. Inc. Inc. Inc. (Credit) Consolidated
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock $ 145,777 $ 142,995 $ 1 $ 1 $ 1 $ 1 $ 142,999 $ 145,777
Paid-in capital - - 4,179 4,361 - - 8,540 -
Unearned compensation -
restricted stock grants (1,141) - - - - - - (1,141)
Retained earnings 131,656 122,079 5,006 4,589 194 13 131,881 131,656
Total common
shareholders' equity 276,292 265,074 9,186 8,951 195 14 283,420 276,292
Long-term debt -
First mortgage bonds - 18,950 - - - - - 18,950
Notes payable - 134,865 - - 1,915 - - 136,780
- 153,815 - - 1,915 - - 155,730
276,292 418,889 9,186 8,951 2,110 14 283,420 432,022
CURRENT LIABILITIES:
Maturities and sinking
fund requirements of long-
term debt - - - - 213 - - 213
Notes payable - 43,550 - - 3,800 - - 47,350
Accounts payable - 39,644 - 109 - 593 9,430 30,916
Accounts payable to
affiliated companies 23 - - 17 5 27 72 -
Refundable gas costs - 37,042 - - - - - 37,042
Customer deposits and
advance payments - 21,923 - - - - - 21,923
Accrued taxes - 21,730 - 54 - 9 122 21,671
Accrued interest - 4,498 - - 55 - - 4,553
Other current liabilities - 21,300 - - - - (96) 21,396
23 189,687 - 180 4,073 629 9,528 185,064
DEFERRED CREDITS:
Deferred income taxes - 60,690 - - - - - 60,690
Unamortized investment tax
credit - 12,801 - - - - - 12,801
Customer advances for
construction - 1,284 - - - - - 1,284
Regulatory income tax
liability - 4,787 - - - - - 4,787
Other 96 8,212 - - - - 96 8,212
96 87,774 - - - - 96 87,774
$ 276,411 $ 696,350 $ 9,186 $ 9,131 $ 6,183 $ 643 $ 293,044 $ 704,860
</TABLE>
<TABLE>
INDIANA ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF INCOME
TWELVE MONTHS ENDED DECEMBER 31, 1994
(Thousands - Unaudited)
Indiana
Indiana IEI IGC Energy Energy Adjustments
Indiana Gas Company, Investments, Energy, Realty, Services, Debit
Energy, Inc. Inc. Inc. Inc. Inc. Inc. (Credit) Consolidated
<S> <C> <C> <C> <C> <C> <C> <C> <C>
UTILITY OPERATING REVENUES $ - $ 436,467 $ - $ - $ - $ - $ - $ 436,467
COST OF GAS - 250,253 - - - - - 250,253
MARGIN - 186,214 - - - - - 186,214
UTILITY OPERATING EXPENSES:
Other operation - 71,703 - - - - - 71,703
Maintenance - 8,914 - - - - - 8,914
Depreciation and
amortization - 29,914 - - - - - 29,914
Income taxes - 16,980 - - - - - 16,980
Taxes other than income
taxes - 15,161 - - - - - 15,161
- 142,672 - - - - - 142,672
UTILITY OPERATING INCOME - 43,542 - - - - - 43,542
INTEREST AND OTHER:
Interest expense - 15,791 - - - - - 15,791
Allowance for borrowed
funds used during
construction - (187) - - - - - (187)
Other amortization - 190 - - - - - 190
Other income - net - (2,471) - - - - - (2,471)
- 13,323 - - - - - 13,323
UTILITY INCOME - 30,219 - - - - - 30,219
NONUTILITY INCOME (LOSS) 30,115 - 136 29 123 13 30,520 (104)
NET INCOME $ 30,115 $ 30,219 $ 136 $ 29 $ 123 $ 13 $ 30,520 $ 30,115
</TABLE>
<TABLE>
INDIANA ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED DECEMBER 31, 1994
(Thousands - Unaudited)
Indiana
Indiana IEI IGC Energy Energy Adjustments
Indiana Gas Company, Investments Energy, Realty, Services, Debit
Energy, Inc. Inc. Inc. Inc. Inc. Inc. (Credit) Consolidated
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BALANCE DECEMBER 31, 1993 $ 124,955 $ 115,460 $ 4,870 $4,560 $ 71 $ - $ 124,961 $ 124,955
ADD:
Net Income 30,115 30,219 136 29 123 13 30,520 30,115
155,070 145,679 5,006 4,589 194 13 155,481 155,070
DEDUCT:
Dividends on Common Stock 23,319 23,600 - - - - (23,600) 23,319
Common Stock Issuance Expenses 95 - - - - - - 95
23,414 23,600 - - - - (23,600) 23,414
BALANCE DECEMBER 31, 1994 $ 131,656 $ 122,079 $ 5,006 $4,589 $ 194 $ 13 $ 131,881 $ 131,656
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
This schedule contains summary financial information extracted from Indiana
Energy, Inc.'s consolidating financial statements as of December 31, 1994, and
for the twelve months then ended and is qualified in its entirety by reference
to such statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> JAN-01-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 704,860
<TOTAL-OPERATING-REVENUES> 436,467
<NET-INCOME> 30,115
</TABLE>
