March 1, 2000
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.
Sincerely,
/s/Pia M. O'Connor
Pia M. O'Connor
PMO:tmw
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), IEI Investments, Inc.
(IEI Investments) and IEI Capital Corp (Capital
Corp.). Indiana Energy is also the 99 percent
owner of IEI Services, LLC (IEI Services).
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. 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.
IEI Investments, an Indiana corporation, 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 has three
wholly owned subsidiaries, IGC Energy, Inc., Energy
Realty, Inc. and Energy Financial Group, Inc., all
of which are Indiana corporations.
On March 15, 1996, IGC Energy, Inc. (IGC
Energy) and Citizens By-Products Coal Company, a
wholly owned subsidiary of Citizens Gas and Coke
Utility (Citizens Gas), formed a jointly and
equally owned Indiana limited liability company to
provide natural gas supply and related services.
The formed entity, ProLiance Energy, LLC
(ProLiance), began providing services to Indiana
Gas and Citizens Gas effective April 1, 1996.
ProLiance also provides products and services to
other gas utilities and customers in Indiana and
surrounding states. ProLiance assumed the business
of Indiana Energy Services, Inc., a wholly owned
subsidiary of IGC Energy and an Indiana
corporation, which had provided similar services to
other customers and from January 1, 1996, to March
31, 1996, to Indiana Gas. ProLiance added power
marketing in late fiscal 1997 to its services
offered. Power marketing involves buying
electricity on the wholesale market and then
reselling it to other marketers, utilities and
other customers.
On April 1, 1997, IGC Energy and Citizens By-
Products Coal Company formed CIGMA, LLC (CIGMA), a
jointly and equally owned Indiana limited liability
company. CIGMA provides materials acquisition and
related services that are used by Indiana Gas and
Citizens Gas, as well as similar services for third
parties.
On May 23, 1997, IGC Energy, Citizens By-
Products Coal Company and Energy Systems Group,
Inc. (ESGI) formed Energy Systems Group, LLC (ESG),
an equally owned Indiana limited liability company.
ESG provides a package of products, services and
skills to help energy users achieve enhanced energy
and operational performance. The packages provide
for improvements to be paid for by the customers
from savings generated within their existing
operating budgets. ESG assumed the
responsibilities of ESGI, an energy related
performance contracting firm and wholly owned
subsidiary of SIGCORP, Inc.
On June 30, 1998, IGC Energy and Cinergy Supply
Network, Inc., a subsidiary of Cinergy Corp.
(Cinergy), formed Reliant Services, LLC (Reliant),
an equally owned Indiana limited liability company,
to perform underground facilities locating and
construction services. In May 1999, Reliant
purchased two Indianapolis based companies that
enabled it to enter that market. The asset purchase
was completed after CINERGY received all necessary
regulatory approvals. Reliant is based in the
Indianapolis area and will focus initially on serving
electric, gas, telephone, cable and water companies
in Indiana, Ohio and Kentucky.
Energy Realty, Inc. is a real estate company and
also has one historic preservation and six
affordable housing investments.
Energy Financial Group, Inc. (EFGI) was formed
on January 20, 1998, to hold all financial entities
and investments of IEI Investments. Also on
January 20, 1998, IEI Synfuels, Inc. was
established as an Indiana corporation and wholly-
owned subsidiary of EFGI and on February 5, 1998,
purchased one limited partnership unit
(representing an 8.3 percent ownership interest) in
Pace Carbon Synfuels Investors, L.P. (Pace Carbon),
a Delaware limited partnership formed to develop,
own and operate four projects to produce and sell
coal-based synthetic fuel. Pace Carbon converts
coal fines (small coal particles) into briquettes
that are sold to major coal users such as utilities
and steel companies. This process is eligible for
federal tax credits under Section 29 of the
Internal Revenue Code and the Internal Revenue
Service has issued a private letter ruling with
respect to the four projects.
On April 1, 1998, IEI Financial Services, LLC
(IEI Financial Services) began its operations. IEI
Financial Services performs third-party
collections, energy-related equipment leasing and
related services. IEI Financial Services provides
these services to Indiana Gas and to other
third parties. IEI Financial Services has two
members, EFGI (99 percent ownership) and IGC Energy
(1 percent ownership).
On October 9, 1998, IEI Investments committed
to invest $10 million in Haddington Energy
Partners, L.P. (Haddington). Haddington, a Delaware
limited partnership that plans to invest in
six to eight projects that represent a portfolio
of development opportunities, including natural
gas gathering and storage and electric power
generation. Haddington's investment opportunities
will generally focus on acquiring and building on
projects in progress rather than start-up ventures.
Haddington's initial closing achieved $77 million
in commitments. Through January 2000, IEI Investments
had paid approximately $7.1 million of its
committment in Haddington.
Capital Corp., an Indiana corporation, was
formed in October 1997 to conduct the financing for
Indiana Energy and its subsidiaries other than
Indiana Gas. Capital Corp. provides the
nonregulated businesses with short-term financing
for working capital requirements, as well as secure
permanent financing for those entities as
necessary.
IEI Services, formed in October 1997, provides
support services to Indiana Energy and its
subsidiaries. These services include information
technology, financial, human resources, building
and fleet services. IEI Services is an Indiana
limited liability company with two members, Indiana
Energy (99 percent ownership) and IGC Energy (1
percent ownership).
Number-3CHK, Inc. was formed in December 1999
to serve as the vehicle for the acquisition of
certain of the gas distribution assets of Dayton
Power and Light Co., Inc. This transaction is
conditioned upon the receipt of approvals from a
number of regulatory authorities. At December 31,
1999, Number-3CHK, Inc. had no employees, assets
or capital.
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 real properties and is solely
a holding company owning all of the issued and
outstanding shares of common stock of Indiana Gas,
IEI Investments and Capital Corp.
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, 1999, these
included approximately 10,948 miles of distribution
mains; 512,351 meters, five reservoirs for
underground storage of purchased gas with
approximately 71,484 acres of land owned and/or
held under storage easements with 7,310,173 Dth of
gas in storage providing a daily deliverability
capacity of 134,160 Dth. Indiana Gas has four
liquefied petroleum air gas manufacturing plants
with a total daily capacity of 32,700 Dth of gas.
These properties are used by Indiana Gas in its gas
operations in which gas is supplied to
approximately 502,000 consumers in 311 communities
in 49 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. While
Indiana Gas does not serve in Indianapolis, it does
serve the counties and communities which border
that city.
Effective April 1, 1996, Indiana Gas purchases
all of its natural gas from ProLiance. 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:
Dekatherms (Dth) of gas distributed at retail within
the state of Indiana by Indiana Gas for sales and
transportation during calendar year 1999 and the
associated revenues therewith were as follows:
<TABLE>
Dth Revenues
<S> <C> <C>
Sales 66,983,000 $406,310,000
Transportation 51,878,000 25,051,000
Total 118,861,000 $431,361,000
</TABLE>
(b) Number of Dth of gas distributed at retail outside the
State in which each such company is organized:
None
(c) Number of Dth of gas sold at wholesale
outside the State in which each such company is
organized, or at the State line:
None
(d) Number of Dth of gas purchased outside the
State in which each such company is organized
or at the State line:
None
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 1999,
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 1st day of March 2000.
INDIANA ENERGY, INC.
(Name of Claimant)
By /s/Carl L. Chapman
Carl L. Chapman
Senior Vice President and
Chief Financial Officer
Attest:
/s/Anthony E. Ard
Anthony E. Ard
Senior Vice President and Secretary
Name, title and address of officer to whom notices and
correspondence concerning this statement should be
addressed:
Carl L. Chapman
Senior Vice President 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, 1999
(Thousands - Unaudited)
Indiana IEI IEI IEI IGC Energy
Indiana Gas Co., Services, Capital Invest., Energy, Realty,
ASSETS Energy, Inc. Inc. LLC Corp. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
CURRENT ASSETS:
Cash and cash equivalents $ 862 $ 35 $ (229) $ (393)$ (4,448)$ 5,343 $ (54)
Accounts receivable, less reserves 4 37,058 131 1
Accounts receivable from affiliated cos. 965 3,021 3,736 5 79 1,254 284
Notes receivable from affiliated cos. - - - 18,425 1,050 - -
Interest receivable from affiliated cos. 4 - - 52 2 - -
Accrued unbilled revenues - 36,634 - - - - -
Liquefied petroleum gas - at avg. cost - 815 - - - - -
Gas in underground storage - at
last-in, first-out cost - 11,627 - - - - -
Prepaid gas delivery services - 20,937 - - - - -
Prepayments and other 1,808 13,447 (449) - 103 - 15
3,687 123,892 3,189 18,089 (3,214) 6,597 246
EQUITY IN NET ASSETS OF WHOLLY-
OWNED SUBSIDIARIES:
Indiana Gas Company, Inc. 248,623 - - - - - -
IEI Services, LLC 33,770 - - - - - -
IEI Investments, Inc. 33,502 - - - - - -
IEI Capital Corp. 36 - - - - - -
IGC Energy, Inc. - - - - 27,751 - -
Energy Realty, Inc. - - - - 2,426 - -
Energy Financial Group, Inc. - - - - 6,904 - -
IEI Synfuels, Inc. - - - - - - -
IEI Financial Services, LLC - - - - - - -
Indiana Energy Services, Inc. - - - - - - -
315,931 - - - 37,081 - -
INVESTMENTS IN UNCONSOLIDATED
AFFILIATES - - - - 28,071 5,810
UTILITY PLANT:
Original cost - 1,005,304 - - - - -
Less - Accum. depr. and amort. - 407,887 - - - - -
- 597,417 - - - - -
NONUTILITY PLANT:
Original cost - 340 63,445 - 45 21 -
Less - Accum. depr. and amort. - 340 20,157 - 28 - -
- - 43,288 - 17 21 -
DEFERRED CHARGES AND
OTHER ASSETS:
Unamortized debt discount and exp. - 11,906 - - - - -
Regulatory income tax asset - 2,741 - - - - -
Other 4,793 3,914 739 - - - 24
4,793 18,561 739 - - - 24
$ 324,411 $ 739,870 $ 47,216 $ 18,089 $ 33,884 $ 34,689 $ 6,080
Indiana Energy IEI IEI Adjustments
Energy Financial Synfuels, Financial Debit
ASSETS Svcs, Inc. Group,Inc. Inc. Svcs,LLC (Credit) Consol.
CURRENT ASSETS:
Cash and cash equivalents $ 1 $ 181 $ (443) $ 82 $ - $ 1,255
Accounts receivable, less reserves - - - 18 - 37,256
Accounts receivable from affiliated cos. - - 271 60 (9,675) -
Notes receivable from affiliated cos. - - - 82 (19,557) -
Interest receivable from affiliated cos. - - - - (58) -
Accrued unbilled revenues - - - - - 36,634
Liquefied petroleum gas - at avg. cost - - - - - 815
Gas in underground storage - at
last-in, first-out cost - - - - - 11,627
Prepaid gas delivery services - - - - - 20,937
Prepayments and other - - - 2 - 14,926
1 181 (172) 244 (29,290) 123,450
EQUITY IN NET ASSETS OF WHOLLY-
OWNED SUBSIDIARIES:
Indiana Gas Company, Inc. - - - - (248,623) -
IEI Services, LLC - - - - (33,770) -
IEI Investments, Inc. - - - - (33,502) -
IEI Capital Corp. - - - - (36) -
IGC Energy, Inc. - - - - (27,751) -
Energy Realty, Inc. - - - - (2,426) -
Energy Financial Group, Inc. - - - - (6,904) -
IEI Synfuels, Inc. - 6,165 - - (6,165) -
IEI Financial Services, LLC - 1,323 - - (1,323) -
Indiana Energy Services, Inc. - - - - - -
- 7,488 - - (360,500) -
INVESTMENTS IN UNCONSOLIDATED
AFFILIATES - 3,547 6,260 - (347) 43,341
UTILITY PLANT:
Original cost - - - - - 1,005,304
Less - Accum. depr. and amort. - - - - - 407,887
- - - - - 597,417
NONUTILITY PLANT:
Original cost - - - 215 - 64,066
Less - Accum. depr. and amort. - - - 37 - 20,562
- - - 178 - 43,504
DEFERRED CHARGES AND
OTHER ASSETS:
Unamortized debt discount and exp. - - - - - 11,906
Regulatory income tax asset - - - - - 2,741
Other - - 86 1,068 - 10,526
- 86 1,068 - 25,173
$ 1 $ 11,216 $ 6,165 $ 1,401 $(390,137) $ 832,885
</TABLE>
<TABLE>
INDIANA ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1999
(Thousands - Unaudited)
Indiana IEI IEI IEI IGC Energy
LIABILITIES AND Indiana Gas Co., Services, Capital Invest., Energy, Realty,
SHAREHOLDERS' EQUITY Energy, Inc. Inc. LLC Corp. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
CURRENT LIABILITIES:
Maturities and sinking fund
requirements of long-term debt $ - $ - $ - $ - $ - $ - $ 180
Notes payable 1,500 82,172 11,275 18,032 - - 1,500
Accounts payable 599 30,745 194 - (12) 247 -
Accounts payable to affiliated cos. 2,096 6,366 186 20 67 893 6
Interest payable to affiliated cos. - - 31 2 - - 4
Refundable gas costs - 10,204 - - - - -
Customer deposits and advance payments - 11,817 - - - - -
Accrued taxes 13 16,208 280 - 1 - 34
Accrued interest - 5,252 - (2) - - 24
Other current liabilities 501 12,697 790 - 212 5,822 376
692 155,488 12,974 12,369 201 5,968 2,414
DEFERRED CREDITS AND
OTHER LIABILITIES:
Deferred income taxes - 61,061 - - - - -
Accrued postretirement benefits
other than pensions 146 28,474 273 - 8 - -
Unamortized investment tax credit - 8,152 - - - - -
Other 3,007 6,251 70 - 106 (23) 184
3,153 103,938 343 - 114 (23) 184
CAPITALIZATION:
Long-term debt - 211,849 - - - - 1,346
Common stock 139,204 142,995 - 1 1 1 1
Paid-in capital - - 32,372 - 4,179 4,363 -
Unearned comp. - restr. stock grants (1,545) - - - - - -
Retained earnings 178,890 105,627 1,745 36 29,322 23,387 2,425
Total common shareholders' equity 316,549 248,622 34,117 37 33,502 27,751 2,426
316,549 460,471 34,117 37 33,502 27,751 3,772
$ 324,411 $739,870 $ 47,216 $ 18,089 $ 33,884 $ 34,690 $ 6,080
Indiana Energy IEI IEI Adjustments
LIABILITIES AND Energy Financial Synfuels, Financial Debit
SHAREHOLDERS' EQUITY Svcs, Inc. Group,Inc. Inc. Svcs,LLC (Credit) Consol.
CURRENT LIABILITIES:
Maturities and sinking fund
requirements of long-term debt $ - $ - $ - $ - $ - $ 180
Notes payable - 4,150 - - 19,557 99,072
Accounts payable - - - 1 15 31,759
Accounts payable to affiliated cos. - 4 - 43 9,681 -
Interest payable to affiliated cos. - - - - 37 -
Refundable gas costs - - - - - 10,204
Customer deposits and advance payments - - - - - 11,817
Accrued taxes - - - - - 16,536
Accrued interest - - - - - 5,274
Other current liabilities - 158 - 35 (4,347) 24,938
- 4,312 - 79 29,943 199,780
DEFERRED CREDITS AND
OTHER LIABILITIES:
Deferred income taxes - - - - - 61,061
Accrued postretirement benefits
other than pensions - - - - - 28,901
Unamortized investment tax credit - - - - - 8,152
Other - - - (1) 4,347 5,247
- - - (1) 4,347 103,361
CAPITALIZATION:
Long-term debt - - - - - 213,195
Common stock 1 1 1 - 143,002 139,204
Paid-in capital - 7,526 6,682 1,500 56,622 -
Unearned comp. - restr. stock grants - - - - - (1,545)
Retained earnings - (623) (518) (177) 161,224 178,890
Total common shareholders' equity 1 6,904 6,165 1,323 360,848 316,549
1 6,904 6,165 1,323 360,848 529,744
$ 1 $ 11,216 $ 6,165 $ 1,401 $ 390,138 $832,885
</TABLE>
<TABLE>
INDIANA ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF INCOME
TWELVE MONTHS ENDED DECEMBER 31, 1999
(Thousands - Unaudited)
Indiana IEI IEI IEI IGC Energy
Indiana Gas Co., Services, Capital Invest., Energy, Realty,
Energy, Inc. Inc. LLC Corp. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES:
Utility $ - $431,361 $ - $ - $ - $ - $ -
Other - - 33,154 - - 419 681
- 431,361 33,154 - - 419 681
OPERATING EXPENSES:
Cost of gas - 226,817 - - - - -
Other operating (1) 91,829 17,367 - 1,236 8 596
Depreciation and amortization - 34,585 6,852 - 15 - -
Taxes other than income taxes 83 15,695 243 - - 111 -
82 368,926 24,462 - 1,251 119 596
OPERATING INCOME (82) 62,435 8,692 - (1,251) 300 85
OTHER INCOME:
Equity in earnings of unconsol.
affiliates - - - - - 8,168 (718)
Equity in earnings of consolidated
subs. 41,540 - - 5,519 - -
Other - net (206) 1,010 (1,051) 880 - 47 -
41,334 1,010 (1,051) 880 5,519 8,215 (718)
INCOME BEFORE INTEREST
AND INCOME TAXES 41,252 63,445 7,641 880 4,268 8,515 (633)
INTEREST EXPENSE 50 16,969 619 831 (106) (7) 77
INCOME BEFORE INCOME TAXES 41,202 46,476 7,022 49 4,374 8,522 (710)
INCOME TAXES 2,511 16,734 - 18 (436) 3,233 (1,490)
NET INCOME $ 38,691 $ 29,742 $ 7,022 $ 31 $ 4,810 $ 5,289 $ 780
Indiana Energy IEI IEI Adjustments
Energy Financial Synfuels, Financial Debit
Svcs, Inc. Group,Inc. Inc. Svcs,LLC (Credit) Consol.
OPERATING REVENUES:
Utility $ - $ - $ - $ - $ - $431,361
Other - - - 750 33,051 1,953
- - - 750 33,051 433,314
OPERATING EXPENSES:
Cost of gas - - - - - 226,817
Other operating - (39) 14 950 (32,509) 79,451
Depreciation and amortization - - - 30 - 41,482
Taxes other than income taxes - (3) - - - 16,129
- (42) 14 980 (32,509) 363,879
OPERATING INCOME - 42 (14) (230) 542 69,435
OTHER INCOME:
Equity in earnings of unconsol.
affiliates - 145 (1,395) - 63 6,137
Equity in earnings of consolidated
subs. - (667) - - 46,392 -
Other - net - - - - 368 312
- (522) (1,395) - 46,823 6,449
INCOME BEFORE INTEREST
AND INCOME TAXES - (480) (1,409) (230) 47,365 75,884
INTEREST EXPENSE - 134 - (6) 882 17,679
INCOME BEFORE INCOME TAXES - (614) (1,409) (224) 46,483 58,205
INCOME TAXES - (64) (964) - 28 19,514
NET INCOME $ - $ (550) $ (445) $ (224) $ 46,455 $ 38,691
</TABLE>
<TABLE>
INDIANA ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
TWELVE MONTHS ENDED DECEMBER 31, 1999
(Thousands - Unaudited)
Indiana IEI IEI IEI IGC Energy
Indiana Gas Co., Services, Capital Invest., Energy, Realty,
Energy, Inc. Inc. LLC Corp. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
BALANCE DECEMBER 31, 1998 $168,372 $ 102,885 $ 1,203 $ 5 $ 24,512 $ 18,098 $ 1,645
ADD:
Net Income 38,691 29,742 7,022 31 4,810 5,289 780
207,063 132,627 8,225 36 29,322 23,387 2,425
DEDUCT:
Dividends 28,141 27,000 6,480 - - - -
Stock Issuance Expense 32 - - - - - -
28,173 27,000 6,480 - - - -
BALANCE DECEMBER 31, 1999 $178,890 $ 105,627 $ 1,745 $ 36 $ 29,322 $ 23,387 $ 2,425
Indiana Energy IEI IEI Adjustments
Energy Financial Synfuels, Financial Debit
Svcs, Inc. Group,Inc. Inc. Svcs,LLC (Credit) Consol.
BALANCE DECEMBER 31, 1998 $ 1 $ (73)$ (73) $ 47 $ 148,250 $ 168,372
ADD:
Net Income - (550) (445) (224) 46,455 38,691
1 (623) (518) (177) 194,705 207,063
DEDUCT:
Dividends - - - - (33,480) 28,141
Stock Issuance Expense - - - - - 32
- - - - (33,480) 28,173
BALANCE DECEMBER 31, 1999 $ 1 $ (623)$ (518) $ (177) $161,225 $ 178,890
</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, 1999, 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-30-2000
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 832,885
<TOTAL-OPERATING-REVENUES> 433,314
<NET-INCOME> 38,691
</TABLE>
