<PAGE>
[As adopted November 9, 1939; amended in Release No.
35-25746(85,116), effective November 1, 1993, 58 F.R. 14999; and
Release No. 35-25886 (85,226), effective November 1, 1993, 58
F.R. 51488.]
File No. 69-247
---------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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
DPL INC.
---------------------------------------------
(Name of Company)
hereby files with the Securities and Exchange 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:
<PAGE>
<PAGE>
1. Name, State of organization, location and nature of business
of claimant and every subsidiary thereof, other than any
exempt wholesale generator ("EWG") or foreign utility
company in which claimant directly or indirectly holds an
interest.
DPL Inc., an Ohio corporation ("Claimant"), organized
on September 16, 1985. Claimant's principal executive office is
located at Courthouse Plaza Southwest, Dayton, Ohio 45402.
Claimant's business is the holding of all of the
outstanding Common Shares of The Dayton Power and Light Company
("DP&L") and the common shares of the subsidiaries set forth and
described herein. Claimant is solely a holding company and is
not actively engaged in any other business.
Claimant holds shares in the following subsidiaries:
(1) DP&L, an Ohio corporation organized on March 23,
1911, is engaged in the business of generating,
transmitting and selling electric energy and
distributing natural gas to residential, commercial,
industrial and governmental customers in the City of
Dayton, Ohio and neighboring cities, towns and
communities, and adjacent rural areas, all within the
State of Ohio. DP&L's electricity and natural gas
service areas cover 24 counties and 16 counties,
respectively, in West Central Ohio. DP&L also
produces, distributes and sells steam in downtown
Dayton for heating and industrial processing. DP&L's
principal executive office is located at Courthouse
Plaza Southwest, Dayton, Ohio 45402. DP&L holds shares
in the following subsidiaries:
(a) MacGregor Park, Inc. ("MPI"), an Ohio
corporation organized on May 1, 1986, and having
its principal executive office at Courthouse Plaza
Southwest, Dayton, Ohio 45402. MPI owns and is a
developer of a parcel of real estate. MPI is a
wholly-owned subsidiary of DP&L.
(b) DP&L Community Urban Redevelopment
Corporation ("DCURC"), an Ohio corporation
organized on June 6, 1975, and having its
principal executive office at Courthouse Plaza
Southwest, Dayton, Ohio 45402. DCURC is engaged
in the office space leasing business. DCURC owns
an eleven story building and leases space to DP&L
and others. DCURC is a wholly-owned subsidiary of
DP&L.
-1-
<PAGE>
<PAGE>
(c) Miami Valley Equipment, Inc. ("MVE"), an Ohio
corporation organized on May 1, 1986, and having
its principal executive office at Courthouse Plaza
Southwest, Dayton, Ohio 45402, and which presently
owns no property and conducts no business. MVE is
a wholly-owned subsidiary of DP&L.
(2) Miami Valley CTC, Inc. ("MVCTC"), an Ohio
corporation organized on May 1, 1986, and having its
principal executive office at Courthouse Plaza
Southwest, Dayton, Ohio 45402, which owns an airplane,
a helicopter and an interest in CTC of Dayton
Partnership No. 1 ("CTC"), a partnership described
herein. MVCTC is a wholly-owned subsidiary of
Claimant.
(a) CTC is an Ohio general partnership
organized on September 30, 1981 and having its
principal executive office at 3700 McCauley Drive,
Vandalia, Ohio 45377, and is a party to a service
agreement pursuant to which CTC provides
transportation services to DP&L and another
unaffiliated Dayton-based company. MVCTC owns a
one-half interest in CTC.
(3) Miami Valley Leasing, Inc. ("MVL"), an Ohio
corporation organized on May 1, 1986, and having its
principal executive office at Courthouse Plaza
Southwest, Dayton, Ohio 45402. MVL leases vehicles
and miscellaneous communications equipment, owns real
estate, and has, for financial investment purposes,
purchased securities in an unaffiliated energy development
company. MVL is a wholly-owned subsidiary of Claimant.
(4) Miami Valley Resources, Inc. ("MVR"), an Ohio
corporation organized on May 1, 1986, and having its
principal executive office at Courthouse Plaza
Southwest, Dayton, Ohio 45402. MVR is engaged in the
natural gas supply management business. MVR is a
wholly-owned subsidiary of Claimant.
(5) Miami Valley Lighting, Inc. ("MVLT"), an Ohio
corporation organized on May 1, 1986, and having its
principal executive office at Courthouse Plaza
Southwest, Dayton, Ohio 45402. MVLT owns a street
lighting business. MVLT is a wholly-owned subsidiary
of Claimant.
(6) Miami Valley Development Company ("MVDC"), an Ohio
corporation organized on May 1, 1963, and having its
principal executive office at Courthouse Plaza
-2-
<PAGE>
<PAGE>
Southwest, Dayton, Ohio 45402. MVDC holds shares of
Energy Innovations, Inc. ("EII") described herein.
MVDC is a wholly-owned subsidiary of Claimant.
(a) EII is an Ohio corporation organized on
December 18, 1985, and having its principal
executive office at Courthouse Plaza Southwest,
Dayton, Ohio 45402. EII is engaged in the
business of technology research and development.
MVDC owns 100% of the outstanding shares of EII.
(7) Miami Valley Insurance Company ("MVIC"), a Vermont
corporation organized on March 16, 1987, and having its
principal executive office at Crosstown Road,
Montpelier, Vermont 05602. MVIC is engaged in the
business of providing insurance to the Claimant and its
principal subsidiary, DP&L. MVIC is a wholly-owned
subsidiary of Claimant.
2. A brief description of the properties of claimant and each
of its subsidiary public utility companies used for the
generation, transmission, and distribution of electric
energy for sale, or for the production, transmission, and
distribution of natural or manufactured gas, indicating the
location of principal generating plants, transmission lines,
producing fields, gas manufacturing plants, and electric 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 electric energy or gas at the
borders of such State.
DP&L is the only one of Claimant's subsidiaries that
owns property used for the generation, transmission and
distribution of electric energy for sale, and for the
production, transmission and distribution of natural or
manufactured gas. DP&L's electricity and natural gas service
areas lie wholly within the State of Ohio.
DP&L's present generating facilities have a winter
generating capability of 3,053,000 KW. Of this capability,
2,843,000 KW (approximately 93%) is derived from coal-fired
steam generating stations and the balance consists of combustion
turbine and diesel-powered peaking units. Approximately 87%
(2,472,000 KW) of the existing steam generating capacity is
provided by certain units owned as tenants in common with The
Cincinnati Gas & Electric Company ("CG&E") or with CG&E and
Columbus Southern Power Company ("CSP"). The remaining steam
generating capacity (371,000 KW) is derived from a generating
station owned solely by DP&L. The following table describes
DP&L's generating facilities.
-3-
<PAGE>
<PAGE>
MW Rating
---------------
Owner- Operating DP&L
Station ship* Company Location Portion Total
- ------- ----- --------- ----------------- ------- -----
Coal Units
- ----------
Hutchings W DP&L Miamisburg, OH 371 371
Killen C DP&L Wrightsville, OH 402 600
Stuart C DP&L Aberdeen, OH 820 2,340
Beckjord
-Unit 6 C CG&E New Richmond,OH 210 420
Conesville
-Unit 4 C CSP Conesville, OH 129 780
Miami Fort
-Units 7&8 C CG&E North Bend, OH 360 1,000
East Bend
-Unit 2 C CG&E Rabbit Hash, KY 186 600
Zimmer C CG&E Moscow, OH 365 1,300
Combustion Turbines or Diesel
- -----------------------------
Hutchings W DP&L Miamisburg, OH 32 32
Yankee St. W DP&L Centerville, OH 144 144
Monument W DP&L Dayton, OH 12 12
Tait W DP&L Dayton, OH 10 10
Sidney W DP&L Sidney, OH 12 12
* W - Wholly Owned; C - Commonly Owned
DP&L's electric transmission and distribution lines
owned and in service as of December 31, 1993 were as follows:
Overhead Lines Underground Lines
Nominal Voltage Circuit Miles Cable Miles
- --------------- -------------- -----------------
345 KV 414* 0
138 KV 338 3
69 KV 933 1
33 KV 80 0
Less than 33 KV 33,183 3,869
- --------------- ------ ------
Total Miles 34,948 3,873
- ---------------
* This figure includes 126 circuit miles of 345 KV lines
wholly-owned by DP&L and DP&L's portion (287 circuit miles) of
847 circuit miles of 345 KV lines owned as tenants in common
with CG&E and CSP.
-4-
<PAGE>
<PAGE>
DP&L wholly owns and operates 145 substations with a
total capacity of 11,814,000 KVA and owns and operates 15
substations as tenants in common with CG&E and CSP. The
commonly owned substations have a total capacity of
8,321,000 KVA, of which 2,890,000 KVA is DP&L's equivalent
share.
DP&L's electric transmission lines have
interconnections with the lines of Ohio Power Company, CSP,
CG&E, Ohio Edison Company and Ohio Valley Electric Corporation,
through which DP&L has access to interstate electric energy
markets.
Exhibits B and C attached hereto show the location of
certain major generating plants and principal transmission lines
of DP&L.
DP&L's natural gas distribution system delivers gas in
16 counties in Ohio. DP&L has long term natural gas purchase
agreements with various producers and long term firm
transportation and storage agreements with Columbia Gas
Transmission Corporation ("Columbia"), Columbia Gulf
Transmission Corporation ("Columbia Gulf"), Texas Gas
Transmission Corporation ("Texas Gas"), Panhandle Eastern Pipe
Line Company ("Panhandle") and ANR Pipeline Company ("ANR").
DP&L also has taken advantage of interruptible transportation
agreements it has with ANR, Columbia, Columbia Gulf,
Consolidated Gas Transmission, Tenneco Gas Pipeline, Texas
Eastern Transmission, Texas Gas, Panhandle and Trunkline Gas
Company to receive spot natural gas purchased through direct
market arrangements. DP&L is also interconnected with CNG
Transmission Corporation and Texas Eastern Transmission
Corporation. For peak shaving purposes, DP&L maintains and
operates four propane-air plants with a daily rated capacity of
approximately 67,500 thousand cubic feet ("MCF") of natural
gas. Exhibit D attached hereto outlines DP&L's gas distribution
system, which is entirely within the State of Ohio.
3. The following information for the last calendar year with
respect to claimant and each of its subsidiary public
utility companies:
(a) Number of kwh. of electric energy sold (at retail or
wholesale), and Mcf. of natural or manufactured gas
distributed at retail.
Claimant DP&L
-------- ----
None 14,675,549,000 KWH;
43,481,035 MCF
-5-
<PAGE>
<PAGE>
(b) Number of kwh. of electric energy and Mcf. of natural
or manufactured gas distributed at retail outside the
State in which each such company is organized.
Claimant DP&L
-------- ----
None None
(c) Number of kwh. of electric energy and Mcf. of natural
or manufactured gas sold at wholesale outside the State
in which each such company is organized, or at the
State line.
Claimant DP&L
-------- ----
None 416,194,000 KWH;
0 MCF
(d) Number of kwh. of electric energy and Mcf. of natural
or manufactured gas purchased outside the State in
which each such company is organized or at the State
line.
Claimant DP&L
-------- ----
None 647,110,000 KWH;
43,890,827 MCF
4. The following information for the reporting period with
respect to claimant and each interest it holds directly or
indirectly in an EWG or a foreign utility company, stating
monetary amounts in United States dollars:
(a) Name, location, business address and description of the
facilities used by the EWG or foreign utility company
for the generation, transmission and distribution of
electric energy for sale or for the distribution at
retail of natural or manufactured gas.
None
(b) Name of each system company that holds an interest in
such EWG or foreign utility company; and description of
the interest held.
None
-6-
<PAGE>
<PAGE>
(c) Type and amount of capital invested, directly or
indirectly, by the holding company claiming exemption;
any direct or indirect guarantee of the security of the
EWG or foreign utility company by the holding company
claiming exemption; and any debt or other financial
obligation for which there is recourse, directly or
indirectly, to the holding company claiming exemption
or another system company, other than the EWG or
foreign utility company.
None
(d) Capitalization and earnings of the EWG or foreign
utility company during the reporting period.
None
(e) Identify any service, sales or construction contract(s)
between the EWG or foreign utility company and a system
company, and describe the services to be rendered or
goods sold and fees or revenues under such
agreement(s).
None
-7-
<PAGE>
<PAGE>
Exhibit Index
Page
----
Exhibit A - Consolidating Financial Statements for 11
twelve months ended December 31, 1993
Exhibit A-1 - Non-Utility Consolidating Financial 21
Statements for twelve months ended
December 31, 1993
Exhibit B - Chart showing the relationship of each EWG NA
or foreign utility company to Claimant
Exhibit C - Map showing location of certain major 54
electric generating plants, transmission
substations and 765 KV and 345 KV
transmission lines owned by DP&L or
interconnected with DP&L's electric
system
Exhibit D - Map showing location of a major electric 55
generation plant, certain major
transmission substations and 345 KV and
138 KV transmission lines within
DP&L's service territory
Exhibit E - Map showing location of certain major 56
natural gas transmission and distribution
lines within DP&L's service territory
-8-
<PAGE>
<PAGE>
EXHIBIT A
A consolidating statement of income and surplus of the
claimant and its subsidiary companies for the last calendar
year, together with a consolidating balance sheet of claimant
and its subsidiary companies as of the close of such calendar
year.
Consolidating financial statements for the twelve months
ended December 31, 1993 are attached as Exhibit A. Non-utility
consolidating financial statements for the twelve months ended
December 31, 1993 are attached as Exhibit A-1.
EXHIBIT B
An organizational chart showing the relationship of each EWG
or foreign utility company to associate companies in the holding
company system.
Item No. Caption Heading
1 Total Assets
2 Total Operating Revenues
3 Net Income
Not Applicable
-9-
<PAGE>
<PAGE>
The above-named claimant has caused this statement
to be duly executed on its behalf by its authorized officer on
this 25th day of February, 1994.
DPL Inc.
----------------------------------
(Name of claimant)
By Thomas M. Jenkins
--------------------------------
Thomas M. Jenkins
Group Vice President and Treasurer
Attest:
Stephen F. Koziar, Jr.
- ----------------------------------------
Stephen F. Koziar, Jr.
Group Vice President and General Counsel
Name, title and address of officer to whom notices and
correspondence concerning this statement should be addressed:
Stephen F. Koziar, Jr., Group Vice President and General Counsel
- ----------------------------------------------------------------
(Name) (Title)
Courthouse Plaza Southwest, Dayton, Ohio 45402
- ----------------------------------------------------------------
(Address)
-10-
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 1
CONSOLIDATING FINANCIAL STATEMENTS
INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1993
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Electric Revenue 0 901,319,895 0 (2,396,118) 898,923,777
Gas Revenue 0 245,078,681 0 0 245,078,681
Steam Revenue 0 7,295,750 0 0 7,295,750
--------------------------------------------------------------------------------
Utility Service Revenue 0 1,153,694,327 0 (2,396,118) 1,151,298,209
Other Income 138,169,294 1,157,991 21,108,483 (146,645,326) 13,790,442
--------------------------------------------------------------------------------
Total Operating Revenue 138,169,294 1,154,852,318 21,108,483 (149,041,444) 1,165,088,651
Fuel - Electric 0 205,336,815 0 0 205,336,815
Fuel Clause Adj - Elec 0 (1,403,923) 0 0 (1,403,923)
Fuel - Steam 0 2,122,642 0 0 2,122,642
Purchased Power 0 20,578,700 0 0 20,578,700
Gas Purchased for Resale 0 156,351,888 0 0 156,351,888
--------------------------------------------------------------------------------
Total Energy Expense 0 382,986,122 0 0 382,986,122
Operating Expense 545,725 178,519,477 12,790,344 (9,723,342) 182,132,204
Maintenance Expense 0 89,645,961 1,173,920 (648,808) 90,171,073
Depreciation & Amortization 0 108,998,452 1,904,528 0 110,902,980
Property Taxes 0 56,063,123 141,230 0 56,204,353
Exise Tax 0 47,014,386 0 0 47,014,386
Other Federal Taxes 0 6,790,741 0 0 6,790,741
State & Other Taxes 47,009 1,819,517 174,377 0 2,040,903
--------------------------------------------------------------------------------
Total Operating Expense 592,734 871,837,779 16,184,400 (10,372,150) 878,242,763
--------------------------------------------------------------------------------
Operating Income Before Tax 137,576,560 283,014,539 4,924,083 (138,669,294) 286,845,888
Federal Income Taxes 2,944,040 51,689,721 3,155,616 (170,000) 57,619,377
Federal Inc Tax-Oth Inc & Ded 0 2,431,561 0 0 2,431,561
Deferred Income Taxes (2,566,970) 19,286,357 (2,365,620) 0 14,353,767
Deferred Inc Tax-Oth Inc & Ded 0 2,800,616 0 0 2,800,616
State Income Taxes 506,820 183,825 482,006 0 1,172,651
--------------------------------------------------------------------------------
Total Income Taxes 883,890 76,392,080 1,272,003 (170,000) 78,377,973
--------------------------------------------------------------------------------
Operating Income After Tax 136,692,669 206,622,459 3,652,080 (138,499,294) 208,467,914
</TABLE>
- 11 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 2
CONSOLIDATING FINANCIAL STATEMENTS
INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1993
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Interest - First Mortgage Bonds 0 84,601,684 0 0 84,601,684
Interest - Other Long Term Debt 0 (101,026) 0 0 (101,026)
Other Interest Expense 574,282 11,481,985 1,844,616 (2,906,405) 10,994,478
Amortization of Issue Costs 58,574 1,425,732 0 0 1,484,306
--------------------------------------------------------------------------------
Total Interest Charges 632,856 97,408,376 1,844,616 (2,906,405) 96,979,443
Preferred Stock Dividends 0 8,707,912 0 0 8,707,912
Other Deductions 5,000 2,263,834 268,935 0 2,537,769
Interest Income (2,926,293) (10,370,224) (3,262,676) 4,146,121 (12,413,072)
--------------------------------------------------------------------------------
Total Div & Other Deductions (2,921,293) 601,523 (2,993,741) 4,146,121 (1,167,390)
--------------------------------------------------------------------------------
Net Operating Income 138,981,106 108,612,561 4,801,204 (139,739,010) 112,655,861
AFDC - Equity 0 245,326 0 0 245,326
AFDC - Debt 0 292,750 0 0 292,750
Regulatory Deferrals 0 25,787,169 0 0 25,787,169
--------------------------------------------------------------------------------
Total Other Income 0 26,325,245 0 0 26,325,245
--------------------------------------------------------------------------------
Net Income 138,981,106 134,937,805 4,801,204 (139,739,010) 138,981,105
================================================================================
</TABLE>
- 12 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 1
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1993
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Electric Property & Plant 0 2,923,841,775 0 0 2,923,841,775
Killen Post In Service AFC 0 25,954,072 0 0 25,954,072
Gas Property & Plant 0 240,125,892 0 0 240,125,892
Steam Property & Plant 0 14,767,865 0 0 14,767,865
Other Property 0 17,210,434 32,041,801 0 49,252,235
--------------------------------------------------------------------------------
Property & Plant 0 3,221,900,038 32,041,801 0 3,253,941,839
Construction Work in Progress 0 35,824,685 0 0 35,824,685
Accumulated Depr & Amort 0 (950,546,136) (17,437,805) 0 (967,983,941)
Killen AFC Accumulated Depr 0 (9,217,240) 0 0 (9,217,240)
--------------------------------------------------------------------------------
Total Accum Depr & Amort 0 (959,763,376) (17,437,805) 0 (977,201,181)
--------------------------------------------------------------------------------
Net Property & Plant 0 2,297,961,347 14,603,996 0 2,312,565,343
Cash 877,551 (521,703) 159,673 0 515,521
Temporary Investments 16,251,975 6,501,317 58,370,747 0 81,124,039
--------------------------------------------------------------------------------
Cash & Temporary Investments 17,129,526 5,979,614 58,530,419 0 81,639,559
Accounts Receivable 15,234,178 109,263,125 12,090,285 (22,412,147) 114,175,441
Uncollectible Reserve 0 (9,121,652) 0 0 (9,121,652)
Accrued Unbilled Revenue 0 29,971,638 0 0 29,971,638
--------------------------------------------------------------------------------
Accounts Receivable (Net) 15,234,178 130,113,111 12,090,285 (22,412,147) 135,025,427
Fuel Stock 0 53,142,165 0 0 53,142,165
Materials & Supplies 0 32,213,488 1,030,289 0 33,243,777
Prepayments 0 22,540,976 15,060 (3,301,832) 19,254,204
Gas Adjustment Clause 0 23,052,017 0 0 23,052,017
Other Current Assets 0 22,333,909 148,238 0 22,482,147
Deferred State & Local Taxes 0 72,750,712 0 0 72,750,712
--------------------------------------------------------------------------------
Inventory, Prepayments & Other 0 226,033,266 1,193,587 (3,301,832) 223,925,022
--------------------------------------------------------------------------------
Total Current Assets 32,363,704 362,125,992 71,814,291 (25,713,979) 440,590,008
Investments 1,113,527,617 3,739,857 15,249,474 (1,116,550,295) 15,966,653
Unamortized Debt Expense 561,948 10,553,028 0 0 11,114,976
Regulatory Asset 0 269,143,861 0 0 269,143,861
Phase-In Deferral 0 85,771,211 0 0 85,771,211
DSM Deferral 0 23,294,135 0 0 23,294,135
Deferred Zimmer Costs 0 63,766,374 0 0 63,766,374
Deferred PIP 0 (8,878,311) 0 0 (8,878,311)
Other Deferred Charges (1,309) 86,960,195 1,983,148 (17,138,380) 71,803,654
Unamortized Loss Reacq Debt 0 13,670,337 0 0 13,670,337
Non-Utility Property - Electric 0 6,221,596 0 0 6,221,596
</TABLE>
- 13 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 2
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1993
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
--------------------------------------------------------------------------------
Deferred Charges & Other 1,114,088,256 554,242,284 17,232,622 (1,133,688,675) 551,874,486
--------------------------------------------------------------------------------
Total Assets 1,146,451,960 3,214,329,623 103,650,909 (1,159,402,654) 3,305,029,837
================================================================================
Accounts Payable 8,757,427 113,742,412 12,987,374 (22,412,147) 113,075,066
Notes - Banks & Other 0 29,962,127 24,268,371 (29,073,845) 25,156,653
Current Portion - Preferred St 0 4,250,000 0 0 4,250,000
Current Portion - First Mort Bond 0 4,730,000 0 0 4,730,000
--------------------------------------------------------------------------------
Short-Term Debt 0 38,942,127 24,268,371 (29,073,845) 34,136,653
Accrued Income Taxes 318,663 453,595 370,424 0 1,142,682
Accrued Property Taxes 0 112,960,765 22,374 0 112,983,139
Other Accrued Taxes 0 203,293 59,392 0 262,685
--------------------------------------------------------------------------------
Accrued Taxes 318,663 113,617,653 452,190 0 114,388,506
Accrued Interest 3,249,450 21,088,553 0 0 24,338,003
Current Def Inc Tax - Assets 0 (11,780,498) 0 0 (11,780,498)
Current Def Inc Tax - Liabilities 0 25,211,161 0 0 25,211,161
Deferred Electric Fuel 0 9,276,417 0 0 9,276,417
Gas Supplier Refunds 0 5,734,409 0 0 5,734,409
Other Current Liabilities 45,386 22,755,071 3,337,320 (3,301,832) 22,835,945
--------------------------------------------------------------------------------
Other Current Liabilities 45,386 51,196,560 3,337,320 (3,301,832) 51,277,434
--------------------------------------------------------------------------------
Total Current Liabilities 12,370,926 338,587,304 41,045,255 (54,787,824) 337,215,660
Other Deferred Credits 0 76,589,510 40,533,722 0 117,123,232
Regulatory Liability 0 3,162,053 0 0 3,162,053
--------------------------------------------------------------------------------
Deferred Credits & Other 0 79,751,563 40,533,722 0 120,285,285
Unamort Investment Tax Credit 0 84,857,500 281,200 0 85,138,700
Accum Def Inc Tax-Property 0 451,944,853 (62,499) 0 451,882,354
Accum Def Inc Tax-Assets (2,566,970) (80,159,629) (14,253,383) 0 (96,979,982)
Accum Def Inc Tax-Liabilities 0 164,416,443 0 0 164,416,443
--------------------------------------------------------------------------------
Deferred Income Taxes (2,566,970) 621,059,168 (14,034,683) 0 604,457,515
--------------------------------------------------------------------------------
Total Liabilities 9,803,955 1,039,398,035 67,544,293 (54,787,824) 1,061,958,459
================================================================================
</TABLE>
- 14 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 3
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1993
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Common Stock 1,035,100 411,722 127,000 (538,722) 1,035,100
Other Paid-In Capital 708,151,138 675,175,943 27,898,344 (703,074,287) 708,151,138
Other Paid-In Capital-Deferred (88,078,278) 0 0 (17,138,380) (105,216,658)
--------------------------------------------------------------------------------
Other Paid-In Capital 620,072,860 675,175,943 27,898,344 (720,212,667) 602,934,480
Earnings Reinvested 911,535,425 831,357,200 3,280,067 (839,037,107) 907,135,585
Current Net Income 138,981,106 134,937,805 4,801,204 (139,739,010) 138,981,105
Common Dividends & Adj (623,854,502) (591,754,998) 0 593,977,688 (621,631,812)
DP&L Preferred Stock Adj (1,121,986) (934,988) 0 934,988 (1,121,986)
--------------------------------------------------------------------------------
Total Earnings Reinvested 425,540,044 373,605,020 8,081,271 (383,863,440) 423,362,895
Pref Stock w/o Mand Redmp 0 82,849,800 0 0 82,849,800
Pref Stock w/ Mand Redmp 0 30,000,000 0 0 30,000,000
First Mortgage Bonds 0 1,007,819,337 0 0 1,007,819,337
FMB-Debt, Discount & Premium 0 (2,551,965) 0 0 (2,551,965)
Other Long-Term Debt 90,000,000 7,621,732 0 0 97,621,732
--------------------------------------------------------------------------------
Total Long-Term Debt 90,000,000 1,012,889,104 0 0 1,102,889,104
--------------------------------------------------------------------------------
Total Capitalization 1,136,648,004 2,174,931,588 36,106,616 (1,104,614,829) 2,243,071,379
================================================================================
--------------------------------------------------------------------------------
Total Liabilities & Equity 1,146,451,959 3,214,329,623 103,650,909 (1,159,402,653) 3,305,029,838
================================================================================
</TABLE>
- 15 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
THE DAYTON POWER AND LIGHT COMPANY Page 1
CONSOLIDATING FINANCIAL STATEMENTS
INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1993
($) DP&L SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Electric Revenue 901,319,895 0 0 901,319,895
Gas Revenue 245,078,681 0 0 245,078,681
Steam Revenue 7,295,750 0 0 7,295,750
----------------------------------------------------------------
Utility Service Revenue 1,153,694,327 0 0 1,153,694,327
Other Income 0 1,736,590 (578,599) 1,157,991
----------------------------------------------------------------
Total Operating Revenue 1,153,694,327 1,736,590 (578,599) 1,154,852,318
Fuel - Electric 205,336,815 0 0 205,336,815
Fuel Clause Adj - Elec (1,403,923) 0 0 (1,403,923)
Fuel - Steam 2,122,642 0 0 2,122,642
Purchased Power 20,578,700 0 0 20,578,700
Gas Purchased for Resale 156,351,888 0 0 156,351,888
----------------------------------------------------------------
Total Energy Expense 382,986,122 0 0 382,986,122
Operating Expense 178,149,445 948,631 (578,599) 178,519,477
Maintenance Expense 89,445,924 200,037 0 89,645,961
Depreciation & Amortization 108,423,599 574,853 0 108,998,452
Property Taxes 55,999,975 63,148 0 56,063,123
Exise Tax 47,014,386 0 0 47,014,386
Other Federal Taxes 6,790,741 0 0 6,790,741
State & Other Taxes 1,819,517 0 0 1,819,517
----------------------------------------------------------------
Total Operating Expense 870,629,709 1,786,669 (578,599) 871,837,779
----------------------------------------------------------------
Operating Income Before Tax 283,064,618 (50,079) 0 283,014,539
Federal Income Taxes 52,182,468 (492,747) 0 51,689,721
Federal Inc Tax-Oth Inc & Ded 2,431,561 0 0 2,431,561
Deferred Income Taxes 18,698,632 587,725 0 19,286,357
Deferred Inc Tax-Oth Inc & Ded 2,800,616 0 0 2,800,616
State Income Taxes 178,752 5,073 0 183,825
----------------------------------------------------------------
Total Income Taxes 76,292,029 100,051 0 76,392,080
----------------------------------------------------------------
Operating Income After Tax 206,772,589 (150,130) 0 206,622,459
</TABLE>
- 16 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
THE DAYTON POWER AND LIGHT COMPANY Page 2
CONSOLIDATING FINANCIAL STATEMENTS
INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1993
($) DP&L SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Interest - First Mortgage Bonds 84,601,684 0 0 84,601,684
Interest - Other Long Term Debt (101,026) 0 0 (101,026)
Other Interest Expense 10,284,021 1,536,198 (338,234) 11,481,985
Amortization of Issue Costs 1,425,732 0 0 1,425,732
----------------------------------------------------------------
Total Interest Charges 96,210,412 1,536,198 (338,234) 97,408,376
Preferred Stock Dividends 8,707,912 0 0 8,707,912
Other Deductions 3,950,162 0 (1,686,328) 2,263,834
Interest Income (10,708,458) 0 338,234 (10,370,224)
----------------------------------------------------------------
Total Div & Other Deductions 1,949,617 0 (1,348,094) 601,523
----------------------------------------------------------------
Net Operating Income 108,612,561 (1,686,328) 1,686,328 108,612,561
AFDC - Equity 245,326 0 0 245,326
AFDC - Debt 292,750 0 0 292,750
Regulatory Deferrals 25,787,169 0 0 25,787,169
----------------------------------------------------------------
Total Other Income 26,325,245 0 0 26,325,245
----------------------------------------------------------------
Net Income 134,937,805 (1,686,328) 1,686,328 134,937,805
================================================================
</TABLE>
- 17 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
THE DAYTON POWER AND LIGHT COMPANY Page 1
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1993
($) DP&L SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Electric Property & Plant 2,925,299,711 0 (1,457,936) 2,923,841,775
Killen Post In Service AFC 25,954,072 0 0 25,954,072
Gas Property & Plant 240,125,892 0 0 240,125,892
Steam Property & Plant 14,767,865 0 0 14,767,865
Other Property 0 17,210,434 0 17,210,434
----------------------------------------------------------------
Property & Plant 3,206,147,540 17,210,434 (1,457,936) 3,221,900,038
Construction Work in Progress 35,824,685 0 0 35,824,685
Accumulated Depr & Amort (945,822,012) (4,724,124) 0 (950,546,136)
Killen AFC Accumulated Depr (9,217,240) 0 0 (9,217,240)
----------------------------------------------------------------
Total Accum Depr & Amort (955,039,252) (4,724,124) 0 (959,763,376)
----------------------------------------------------------------
Net Property & Plant 2,286,932,973 12,486,310 (1,457,936) 2,297,961,347
Cash (1,150,194) 628,491 0 (521,703)
Temporary Investments 6,501,317 0 0 6,501,317
----------------------------------------------------------------
Cash & Temporary Investments 5,351,123 628,491 0 5,979,614
Accounts Receivable 110,358,260 1,031,281 (2,126,416) 109,263,125
Uncollectible Reserve (9,121,652) 0 0 (9,121,652)
Accrued Unbilled Revenue 29,971,638 0 0 29,971,638
----------------------------------------------------------------
Accounts Receivable (Net) 131,208,246 1,031,281 (2,126,416) 130,113,111
Fuel Stock 53,142,165 0 0 53,142,165
Materials & Supplies 32,213,488 0 0 32,213,488
Prepayments 22,499,625 41,351 0 22,540,976
Gas Adjustment Clause 23,052,017 0 0 23,052,017
Other Current Assets 22,285,101 48,808 0 22,333,909
Deferred State & Local Taxes 72,750,712 0 0 72,750,712
----------------------------------------------------------------
Inventory, Prepayments & Other 225,943,107 90,159 0 226,033,266
----------------------------------------------------------------
Total Current Assets 362,502,476 1,749,931 (2,126,416) 362,125,991
Investments 2,398,159 0 1,341,699 3,739,858
Unamortized Debt Expense 10,553,028 0 0 10,553,028
Regulatory Asset 269,143,861 0 0 269,143,861
Phase-In Deferral 85,771,211 0 0 85,771,211
DSM Deferral 23,294,135 0 0 23,294,135
Deferred Zimmer Costs 63,766,374 0 0 63,766,374
Deferred PIP (8,878,311) 0 0 (8,878,311)
Other Deferred Charges 86,959,444 751 0 86,960,195
Unamortized Loss Reacq Debt 13,670,337 0 0 13,670,337
Non-Utility Property - Electric 6,221,596 0 0 6,221,596
</TABLE>
- 18 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
THE DAYTON POWER AND LIGHT COMPANY Page 2
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1993
($) DP&L SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
----------------------------------------------------------------
Deferred Charges & Other 552,899,834 751 1,341,699 554,242,284
----------------------------------------------------------------
Total Assets 3,202,335,284 14,236,992 (2,242,653) 3,214,329,623
================================================================
Accounts Payable 114,208,280 283,159 (749,028) 113,742,411
Notes - Banks & Other 25,000,000 6,339,515 (1,377,388) 29,962,127
Current Portion - Preferred Stck 4,250,000 0 0 4,250,000
Current Portion - First Mort Bonds 4,730,000 0 0 4,730,000
----------------------------------------------------------------
Short-Term Debt 33,980,000 6,339,515 (1,377,388) 38,942,127
Accrued Income Taxes 431,786 21,809 0 453,595
Accrued Property Taxes 112,914,445 46,320 0 112,960,765
Other Accrued Taxes 193,157 10,135 0 203,292
----------------------------------------------------------------
Accrued Taxes 113,539,389 78,264 0 113,617,653
Accrued Interest 21,088,553 0 0 21,088,553
Current Def Inc Tax - Assets (11,780,498) 0 0 (11,780,498)
Current Def Inc Tax - Liabilities 25,211,161 0 0 25,211,161
Deferred Electric Fuel 9,276,417 0 0 9,276,417
Gas Supplier Refunds 5,734,409 0 0 5,734,409
Other Current Liabilities 22,755,071 0 0 22,755,071
----------------------------------------------------------------
Other Current Liabilities 51,196,560 0 0 51,196,560
----------------------------------------------------------------
Total Current Liabilities 334,012,782 6,700,938 (2,126,416) 338,587,304
Other Deferred Credits 76,541,052 48,458 0 76,589,510
Regulatory Liability 3,162,053 0 0 3,162,053
----------------------------------------------------------------
Deferred Credits & Other 79,703,105 48,458 0 79,751,563
Unamort Investment Tax Credit 84,857,500 0 0 84,857,500
Accum Def Inc Tax-Property 450,906,624 1,038,229 0 451,944,853
Accum Def Inc Tax-Assets (80,159,629) 0 0 (80,159,629)
Accum Def Inc Tax-Liabilities 164,247,110 169,333 0 164,416,443
----------------------------------------------------------------
Deferred Income Taxes 619,851,605 1,207,563 0 621,059,167
----------------------------------------------------------------
Total Liabilities 1,033,567,492 7,956,958 (2,126,416) 1,039,398,034
================================================================
</TABLE>
- 19 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
THE DAYTON POWER AND LIGHT COMPANY Page 3
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1993
($) DP&L SUBS ELIMIN TOTAL
**************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Common Stock 411,722 1,500 (1,500) 411,722
Other Paid-In Capital 675,175,943 151,453 (151,453) 675,175,943
Earnings Reinvested 832,815,136 (2,576,707) 1,118,771 831,357,200
Current Net Income 134,937,805 (1,686,328) 1,686,328 134,937,805
Common Dividends & Adj (591,754,998) 0 0 (591,754,998)
DP&L Preferred Stock Adj (934,988) 0 0 (934,988)
----------------------------------------------------------------
Total Earnings Reinvested 375,062,955 (4,263,035) 2,805,099 373,605,019
Pref Stock w/o Mand Redmp 82,849,800 0 0 82,849,800
Pref Stock w/ Mand Redmp 30,000,000 0 0 30,000,000
First Mortgage Bonds 1,007,819,337 0 0 1,007,819,337
FMB-Debt, Discount & Premium (2,551,965) 0 0 (2,551,965)
Advances - Assoc Company 0 2,768,383 (2,768,383) 0
Other Long-Term Debt 0 7,621,732 0 7,621,732
----------------------------------------------------------------
Total Long-Term Debt 1,005,267,372 10,390,115 (2,768,383) 1,012,889,104
----------------------------------------------------------------
Total Capitalization 2,168,767,792 6,280,033 (116,237) 2,174,931,588
================================================================
----------------------------------------------------------------
Total Liabilities & Equity 3,202,335,284 14,236,992 (2,242,653) 3,214,329,623
================================================================
</TABLE>
- 20 -
<PAGE>
EXHIBIT A-1
Certain consolidating financial statements herein are
being filed by the Company under separate cover to be afforded
confidential treatment. Pursuant to the Freedom of Information
Act and Applicable rules of the Securities and Exchange
Commission, the consolidating financial information relating to
the Company's non-utility subsidiaries have been separated from
the remainder of Exhibit A and marked "CONFIDENTIAL TREATMENT
REQUESTED BY DPL INC."
The Statements for which confidential treatment is
requested are found on pages 22 through 53 of Exhibit A-1
bearing the following headings:
1. Inc. Consolidation Detail Report, Subsidiaries
Unconsolidated, Income Statement, Year to Date 12/31/93;
2. Inc. Consolidation Detail Report, Subsidiaries
Unconsolidated, Balance Sheet, Year to Date 12/31/93;
3. MVD Consolidating Financial Statements, Income Statement,
Year to Date 12/31/93;
4. MVD Consolidating Financial Statements, Balance Sheet, Year
to Date 12/31/93;
5. DP&L Consolidation Detail Report, Subsidiaries
Unconsolidated, Income Statement, Year to Date 12/31/93; and
6. DP&L Consolidation Detail Report, Subsidiaries
Unconsolidated, Balance Sheet, Year to Date 12/31/93.
-21-
<PAGE>
<PAGE>
APPENDIX
Exhibit C - page 54
- ---------
A color-coded map of certain major electric transmission
substations and 345 kv transmission lines wholly owned by
DP&L as well as certain major electric generating plants,
transmission substations and 345 kv transmission lines
commonly owned by DP&L with other Ohio utilities. The map
also shows certain major generating plants, transmission
substations and 765 kv and 345 kv transmission lines of
neighboring utilities that are interconnected with the DP&L
system. The geographic area represented by the map is the
southern half of Ohio and small portions of bordering
states.
Exhibit D - page 55
- ---------
A color-coded map of a wholly owned electric generating
plant and certain major wholly owned and commonly owned
transmission substations and 345 kv and 138 kv transmission
lines located within DP&L's service territory in West
Central Ohio.
Exhibit E - page 56
- ---------
A color coded map of certain major natural gas transmission
and distribution lines and monitor, control, measurement
and supply points owned by DP&L and other companies within
DP&L's service territory in West Central Ohio.
-57-
<PAGE>
