<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>
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>
(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, communications equipment and
other miscellaneous equipment, owns real estate and has, for
financial investment purposes, acquired limited partnership
interests in natural gas storage facilities. 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 Southwest, Dayton, Ohio
45402. MVDC holds shares of Energy Innovations, Inc. ("EII")
described herein. MVDC is a wholly-owned subsidiary of
Claimant.
-2-
<PAGE>
(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-
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 Ford -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 Street 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, 1994 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
39 KV 80 0
Less than 33 KV 33,209 4,016
- --------------- ------ -----
Total Miles 34,974 4,020
- ---------------
* This figure includes 126 circuit miles of 345 KV lines wholly-owned by
DP&L and DP&L's portion (288 circuit miles) of 847 circuit miles of
345 KV lines owned as tenants in common with CG&E and CSP.
-4-
<PAGE>
DP&L wholly owns and operates 145 substations with a total capacity of
11,928,000 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 C and D 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 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"),
including storage agreements with Columbia, Texas Gas and Panhandle. DP&L
also has taken advantage of interruptible transportation agreements it has
with ANR, Columbia, Columbia Gulf, Texas Gas and Panhandle 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 E 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 14,219,418,000 kWh;
42,051,052 MCF
-5-
<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 84,442,000 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 386,619,000 kWh;
42,662,916 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>
(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>
Exhibit Index
Page
----
Exhibit A - Consolidating Financial Statements for 11
twelve months ended December 31, 1994
Exhibit A-1 - Non-Utility Consolidating Financial 21
Statements for twelve months ended
December 31, 1994
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>
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, 1994 are attached as Exhibit A. Non-utility consolidating
financial statements for the twelve months ended December 31, 1994 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>
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.
DPL Inc.
----------------------------------
(Name of claimant)
By Thomas M. Jenkins
--------------------------------
Thomas M. Jenkins
Group Vice President and Treasurer
Attest:
Judy W. Lansaw
- ----------------------------------------
Judy W. Lansaw
Group Vice President
Name, title and address of officer to whom notices and correspondence
concerning this statement should be addressed:
Stephen F. Koziar, Jr., Group Vice President
---------------------------------------------------------------------------
(Name) (Title)
Courthouse Plaza Southwest, Dayton, Ohio 45402
---------------------------------------------------------------------------
(Address)
-10-
<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-
<TABLE> <S> <C>
<ARTICLE> OPUR3
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 3232696822
<TOTAL-OPERATING-REVENUES> 1204587632
<NET-INCOME> 154906795
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR3
<SUBSIDIARY>
<NUMBER> 1
<NAME> DAYTON POWER & LIGHT CO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 3147049757
<TOTAL-OPERATING-REVENUES> 1191433487
<NET-INCOME> 147735351
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 1
CONSOLIDATING FINANCIAL STATEMENTS
INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1994
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
*******************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Electric Revenue 0 945,893,116 0 (2,402,757) 943,490,359
Gas Revenue 0 237,121,696 0 0 237,121,696
Steam Revenue 0 7,290,081 0 0 7,290,081
------------- ------------- ------------- ---------------------
Utility Service Revenue 0 1,190,304,893 0 (2,402,757) 1,187,902,136
Other Income 153,682,517 1,128,595 29,811,993 (167,937,609) 16,685,496
------------- ------------- ------------- ------------- ---------------------
Total Operating Revenue 153,682,517 1,191,433,488 29,811,993 (170,340,366) 1,204,587,632
Fuel - Electric 0 198,800,040 0 0 198,800,040
Fuel Clause Adj - Elec 0 (1,933,582) 0 0 (1,933,582)
Fuel - Steam 0 2,412,303 0 0 2,412,303
Purchased Power 0 21,400,395 0 0 21,400,395
Gas Purchased for Resale 0 150,821,938 0 0 150,821,938
------------- ------------- ------------- ------------- ---------------------
Total Energy Expense 0 371,501,095 0 0 371,501,095
Operating Expense 504,684 155,726,560 17,440,923 (15,118,879) 158,553,288
Maintenance Expense 0 85,987,058 1,416,190 (1,538,970) 85,864,278
Depreciation & Amortization 0 111,919,420 2,757,332 0 114,676,752
Property Taxes 0 59,529,524 156,323 0 59,685,847
Exise Tax 0 51,704,759 0 0 51,704,759
Other Federal Taxes 0 7,340,893 0 0 7,340,893
State & Other Taxes 0 2,069,447 289,122 0 2,358,569
------------- ------------- ------------- ------------- ---------------------
Total Operating Expense 504,684 845,778,755 22,059,890 (16,657,849) 851,685,480
------------- ------------- ------------- ------------- ---------------------
Operating Income Before Tax 153,177,832 345,654,733 7,752,103 (153,682,517) 352,902,151
Federal Income Taxes (2,081,477) 101,125,610 5,780,816 0 104,824,949
Federal Inc Tax-Oth Inc & Ded 0 2,008,920 0 0 2,008,920
Deferred Income Taxes 2,566,970 (8,057,912) (2,039,710) 0 (7,530,652)
Deferred Inc Tax-Oth Inc & Ded 0 802,409 0 0 802,409
State Income Taxes 257,113 242,739 618,884 0 1,118,736
------------- ------------- ------------- ------------- ---------------------
Total Income Taxes 742,606 96,121,766 4,359,991 0 101,224,363
------------- ------------- ------------- ------------- ---------------------
Operating Income After Tax 152,435,226 249,532,967 3,392,113 (153,682,517) 251,677,789
</TABLE>
- 11 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 2
CONSOLIDATING FINANCIAL STATEMENTS
INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1994
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
*******************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Interest - First Mortgage Bonds 0 80,505,183 0 0 80,505,183
Other Interest Expense 553,506 11,583,169 2,436,800 (3,317,603) 11,255,872
Amortization of Issue Costs 61,121 1,378,715 0 0 1,439,836
------------- ------------- ------------- ------------- ---------------------
Total Interest Charges 614,627 93,467,066 2,436,800 (3,317,603) 93,200,890
Preferred Stock Dividends 0 4,700,437 0 0 4,700,437
Other Deductions 0 1,037,961 343,685 24,943 1,406,589
Interest Income (3,086,195) (8,297,161) (6,981,570) 4,938,692 (13,426,234)
------------- ------------- ------------- ------------- ---------------------
Total Div & Other Deductions (3,086,195) (2,558,763) (6,637,885) 4,963,635 (7,319,208)
------------- ------------- ------------- ------------- ---------------------
Net Operating Income 154,906,794 158,624,664 7,593,198 (155,328,548) 165,796,108
Regulatory Deferrals 0 (10,889,313) 0 0 (10,889,313)
------------- ------------- ------------- ------------- ---------------------
Total Other Income 0 (10,889,313) 0 0 (10,889,313)
------------- ------------- ------------- ------------- ---------------------
Net Income 154,906,794 147,735,351 7,593,198 (155,328,548) 154,906,795
=========== =========== =========== =========== ===========
</TABLE>
- 12 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 1
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1994
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
*******************************************************************************************************************
<S> <C> <C> <C> <C> <C>
Electric Property & Plant 0 2,961,563,129 0 0 2,961,563,129
Killen Post In Service AFC 0 25,941,855 0 0 25,941,855
Gas Property & Plant 0 251,751,230 0 0 251,751,230
Steam Property & Plant 0 14,839,132 0 0 14,839,132
Other Property 0 17,109,146 38,601,560 0 55,710,706
Non-Utility Property - Elec 0 6,622,190 0 0 6,622,190
------------- ------------- ------------- ------------- ---------------------
Property & Plant 0 3,277,826,683 38,601,560 0 3,316,428,243
Construction Work in Progress 0 68,548,913 0 0 68,548,913
Accumulated Depr & Amort 0 (1,043,779,109) (19,096,526) 0 (1,062,875,635)
Killen AFC Accumulated Depr 0 (9,913,988) 0 0 (9,913,988)
------------- ------------- ------------- ------------- ---------------------
Total Accum Depr & Amort 0 (1,053,693,097) (19,096,526) 0 (1,072,789,623)
------------- ------------- ------------- ------------- ---------------------
Net Property & Plant 0 2,292,682,499 19,505,034 0 2,312,187,533
Cash 6,619,092 (4,955,672) 185,074 0 1,848,494
Temporary Investments 5,906,537 13,252,999 74,558,070 0 93,717,606
------------- ------------- ------------- ------------- ---------------------
Cash & Temporary Investments 12,525,629 8,297,326 74,743,143 0 95,566,098
Accounts Receivable 12,218,620 94,501,526 16,155,623 (24,749,060) 98,126,709
Uncollectible Reserve 0 (7,800,867) 0 0 (7,800,867)
Accrued Unbilled Revenue 0 13,084,721 0 0 13,084,721
------------- ------------- ------------- ------------- ---------------------
Accounts Receivable (Net) 12,218,620 99,785,379 16,155,623 (24,749,060) 103,410,562
Fuel Stock 0 52,663,573 0 0 52,663,573
Materials & Supplies 0 30,681,832 1,293,014 0 31,974,846
Prepayments 0 25,183,482 224,694 (4,901,706) 20,506,470
Other Current Assets 0 4,370,188 9,170 0 4,379,358
Deferred State & Local Taxes 0 78,289,185 0 0 78,289,185
------------- ------------- ------------- ------------- ---------------------
Inventory, Prepayments & Other 0 191,188,259 1,526,878 (4,901,706) 187,813,431
------------- ------------- ------------- ------------- ---------------------
Total Current Assets 24,744,250 299,270,965 92,425,643 (29,650,766) 386,790,092
Investments 1,231,969,834 3,689,296 10,746,905 (1,234,775,012) 11,631,023
Unamortized Debt Expense 500,827 10,162,608 0 0 10,663,435
Regulatory Asset 0 249,329,936 0 0 249,329,936
Phase-In Deferral 0 75,947,139 0 0 75,947,139
DSM Deferral 0 31,943,517 0 0 31,943,517
Deferred Zimmer Costs 0 60,953,152 0 0 60,953,152
Deferred PIP 0 4,512,208 0 0 4,512,208
Other Deferred Charges (2,728) 105,769,668 868,232 (30,685,154) 75,950,018
Unamortized Loss Reacq Debt 0 12,788,771 0 0 12,788,771
</TABLE>
- 13 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 2
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1994
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
*******************************************************************************************************************
< S> <C> <C> <C> <C> <C>
------------- ------------- ------------- ------------- ---------------------
Deferred Charges & Other 1,232,467,933 555,096,294 11,615,137 (1,265,460,167) 533,719,197
------------- ------------- ------------- ------------- ---------------------
Total Assets 1,257,212,183 3,147,049,758 123,545,814 (1,295,110,933) 3,232,696,822
============ ============ ============ ============ ============
Accounts Payable 9,848,068 75,650,181 14,584,531 (24,749,060) 75,333,720
Notes - Banks & Other 0 4,978,664 29,379,935 (34,185,409) 173,190
Current Portion - First Mort Bonds 0 4,730,000 0 0 4,730,000
------------- ------------- ------------- ------------- ---------------------
Short-Term Debt 0 9,708,664 29,379,935 (34,185,409) 4,903,190
Accrued Income Taxes (397) 3,091,798 246,260 0 3,337,661
Accrued Property Taxes 0 120,181,036 30,259 0 120,211,295
Other Accrued Taxes 0 218,519 168,058 0 386,577
------------- ------------- ------------- ------------- ---------------------
Accrued Taxes (397) 123,491,353 444,577 0 123,935,533
Accrued Interest 3,249,450 20,713,279 0 0 23,962,729
Current Def Inc Tax - Assets 0 (9,365,649) 0 0 (9,365,649)
Current Def Inc Tax - Liabilities 0 7,075,371 0 0 7,075,371
Deferred Gas Costs 0 5,635,345 0 0 5,635,345
Deferred Electric Fuel 0 7,342,835 0 0 7,342,835
Gas Supplier Refunds 0 1,456,300 0 0 1,456,300
Other Current Liabilities 45,386 14,566,586 4,948,244 (4,901,706) 14,658,510
------------- ------------- ------------- ------------- ---------------------
Other Current Liabilities 45,386 26,710,789 4,948,244 (4,901,706) 26,802,713
------------- ------------- ------------- ------------- ---------------------
Total Current Liabilities 13,142,507 256,274,265 49,357,286 (63,836,175) 254,937,883
Other Deferred Credits 0 91,629,011 47,495,510 0 139,124,521
Regulatory Liability 0 402,116 0 0 402,116
------------- ------------- ------------- ------------- ---------------------
Deferred Credits & Other 0 92,031,127 47,495,510 0 139,526,637
Unamort Investment Tax Credit 0 81,211,500 251,600 0 81,463,100
Accum Def Inc Tax-Property 0 458,335,531 439,573 0 458,775,104
Accum Def Inc Tax-Assets 0 (88,437,610) (17,091,907) 0 (105,529,517)
Accum Def Inc Tax-Liabilities 0 160,731,960 0 (2,130,700) 158,601,260
------------- ------------- ------------- ------------- ---------------------
Deferred Income Taxes 0 611,841,381 (16,400,734) (2,130,700) 593,309,947
------------- ------------- ------------- ------------- ---------------------
Total Liabilities 13,142,507 960,146,773 80,452,062 (65,966,875) 987,774,467
============ ============ ============ ============ ============
</TABLE>
- 14 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 3
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1994
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
*******************************************************************************************************************
< S> <C> <C> <C> <C> <C>
Common Stock 1,069,516 411,722 127,000 (538,722) 1,069,516
Other Paid-In Capital 776,622,117 738,493,578 27,898,344 (766,391,922) 776,622,117
Other Paid-In Capital-Deferred (84,076,346) 0 0 (24,572,546) (108,648,892)
------------- ------------- ------------- ------------- ---------------------
Other Paid-In Capital 692,545,771 738,493,578 27,898,344 (790,964,468) 667,973,225
Earnings Reinvested 1,050,516,532 970,251,971 7,475,209 (982,733,083) 1,045,510,629
Current Net Income 154,906,794 147,735,351 7,593,198 (155,328,548) 154,906,795
Common Dividends & Adj (743,659,953) (695,454,998) 0 699,298,777 (739,816,174)
DP&L Preferred Stock Adj (1,308,984) (1,121,986) 0 1,121,986 (1,308,984)
------------- ------------- ------------- ------------- ---------------------
Total Earnings Reinvested 460,454,389 421,410,337 15,068,407 (437,640,867) 459,292,266
Pref Stock w/o Mand Redmp 0 22,850,800 0 0 22,850,800
First Mortgage Bonds 0 998,759,337 0 0 998,759,337
FMB-Debt, Discount & Premium 0 (2,470,057) 0 0 (2,470,057)
Other Long-Term Debt 90,000,000 7,447,269 0 0 97,447,269
------------- ------------- ------------- ------------- ---------------------
Total Long-Term Debt 90,000,000 1,003,736,548 0 0 1,093,736,548
------------- ------------- ------------- ------------- ---------------------
Total Capitalization 1,244,069,676 2,186,902,985 43,093,752 (1,229,144,057) 2,244,922,356
============ ============ ============ ============ ============
------------- ------------- ------------- ------------- ---------------------
Total Liabilities & Equity 1,257,212,183 3,147,049,758 123,545,814 (1,295,110,932) 3,232,696,823
============ ============ ============ ============ ============
</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, 1994
($) DP&L SUBS ELIMIN TOTAL
*******************************************************************************************************************
< S> <C> <C> <C> <C> <C>
Electric Revenue 945,893,116 0 0 945,893,116
Gas Revenue 237,121,696 0 0 237,121,696
Steam Revenue 7,290,081 0 0 7,290,081
------------- ------------- ------------- ---------------------
Utility Service Revenue 1,190,304,893 0 0 1,190,304,893
Other Income 0 1,672,661 (544,067) 1,128,594
------------- ------------- ------------- ---------------------
Total Operating Revenue 1,190,304,893 1,672,661 (544,067) 1,191,433,487
Fuel - Electric 198,800,040 0 0 198,800,040
Fuel Clause Adj - Elec (1,933,582) 0 0 (1,933,582)
Fuel - Steam 2,412,303 0 0 2,412,303
Purchased Power 21,400,395 0 0 21,400,395
Gas Purchased for Resale 150,821,938 0 0 150,821,938
------------- ------------- ------------- ---------------------
Total Energy Expense 371,501,095 0 0 371,501,095
Operating Expense 155,314,049 956,578 (544,067) 155,726,560
Maintenance Expense 85,800,268 186,790 0 85,987,058
Depreciation & Amortization 111,338,396 581,024 0 111,919,420
Property Taxes 59,457,074 72,450 0 59,529,524
Exise Tax 51,704,759 0 0 51,704,759
Other Federal Taxes 7,340,893 0 0 7,340,893
State & Other Taxes 2,069,447 0 0 2,069,447
------------- ------------- ------------- ---------------------
Total Operating Expense 844,525,981 1,796,841 (544,067) 845,778,755
------------- ------------- ------------- ---------------------
Operating Income Before Tax 345,778,912 (124,180) 0 345,654,732
Federal Income Taxes 101,624,050 (498,440) 0 101,125,610
Federal Inc Tax-Oth Inc & Ded 2,008,920 0 0 2,008,920
Deferred Income Taxes (7,993,951) (63,961) 0 (8,057,912)
Deferred Inc Tax-Oth Inc & Ded 802,409 0 0 802,409
State Income Taxes 238,789 3,950 0 242,739
------------- ------------- ------------- ---------------------
Total Income Taxes 96,680,217 (558,451) 0 96,121,766
------------- ------------- ------------- ---------------------
Operating Income After Tax 249,098,695 434,272 0 249,532,967
</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, 1994
($) DP&L SUBS ELIMIN TOTAL
*******************************************************************************************************************
< S> <C> <C> <C> <C> <C>
Interest - First Mortgage Bonds 80,505,183 0 0 80,505,183
Other Interest Expense 10,480,212 1,472,876 (369,919) 11,583,169
Amortization of Issue Costs 1,378,715 0 0 1,378,715
------------- ------------- ------------- ---------------------
Total Interest Charges 92,364,110 1,472,876 (369,919) 93,467,067
Preferred Stock Dividends 4,700,437 0 0 4,700,437
Other Deductions 2,075,500 0 (1,037,538) 1,037,962
Interest Income (8,666,015) (1,066) 369,919 (8,297,162)
------------- ------------- ------------- ---------------------
Total Div & Other Deductions (1,890,078) (1,066) (667,619) (2,558,763)
------------- ------------- ------------- ---------------------
Net Operating Income 158,624,664 (1,037,538) 1,037,538 158,624,664
Regulatory Deferrals (10,889,313) 0 0 (10,889,313)
------------- ------------- ------------- ---------------------
Total Other Income (10,889,313) 0 0 (10,889,313)
------------- ------------- ------------- ---------------------
Net Income 147,735,351 (1,037,538) 1,037,538 147,735,351
=========== =========== =========== ===========
</TABLE>
- 17 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
THE DAYTON POWER AND LIGHT COMPANY Page 1
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1994
($) DP&L SUBS ELIMIN TOTAL
*******************************************************************************************************************
< S> <C> <C> <C> <C> <C>
Electric Property & Plant 2,963,021,065 0 (1,457,936) 2,961,563,129
Killen Post In Service AFC 25,941,855 0 0 25,941,855
Gas Property & Plant 251,751,230 0 0 251,751,230
Steam Property & Plant 14,839,132 0 0 14,839,132
Other Property 0 17,109,146 0 17,109,146
Non-Utility Property - Elec 6,622,190 0 0 6,622,190
------------- ------------- ------------- ---------------------
Property & Plant 3,262,175,473 17,109,146 (1,457,936) 3,277,826,683
Construction Work in Progress 68,548,913 0 0 68,548,913
Accumulated Depr & Amort (1,038,637,756) (5,141,353) 0 (1,043,779,109)
Killen AFC Accumulated Depr (9,913,988) 0 0 (9,913,988)
------------- ------------- ------------- ---------------------
Total Accum Depr & Amort (1,048,551,743) (5,141,353) 0 (1,053,693,096)
------------- ------------- ------------- ---------------------
Net Property & Plant 2,282,172,642 11,967,793 (1,457,936) 2,292,682,499
Cash (5,012,201) 56,529 0 (4,955,672)
Temporary Investments 13,076,349 176,649 0 13,252,998
------------- ------------- ------------- ---------------------
Cash & Temporary Investments 8,064,148 233,178 0 8,297,326
Accounts Receivable 95,556,105 381,383 (1,435,962) 94,501,526
Uncollectible Reserve (7,800,867) 0 0 (7,800,867)
Accrued Unbilled Revenue 13,084,721 0 0 13,084,721
------------- ------------- ------------- ---------------------
Accounts Receivable (Net) 100,839,959 381,383 (1,435,962) 99,785,380
Fuel Stock 52,663,573 0 0 52,663,573
Materials & Supplies 30,681,832 0 0 30,681,832
Prepayments 25,138,519 44,963 0 25,183,482
Other Current Assets 4,345,559 24,629 0 4,370,188
Deferred State & Local Taxes 78,289,185 0 0 78,289,185
------------- ------------- ------------- ---------------------
Inventory, Prepayments & Other 191,118,667 69,592 0 191,188,259
------------- ------------- ------------- ---------------------
Total Current Assets 300,022,774 684,153 (1,435,962) 299,270,965
Investments 1,246,662 0 2,442,634 3,689,296
Unamortized Debt Expense 10,162,608 0 0 10,162,608
Regulatory Asset 249,329,936 0 0 249,329,936
Phase-In Deferral 75,947,139 0 0 75,947,139
DSM Deferral 31,943,517 0 0 31,943,517
Deferred Zimmer Costs 60,953,152 0 0 60,953,152
Deferred PIP 4,512,208 0 0 4,512,208
Other Deferred Charges 105,768,917 751 0 105,769,668
Unamortized Loss Reacq Debt 12,788,771 0 0 12,788,771
</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, 1994
($) DP&L SUBS ELIMIN TOTAL
*******************************************************************************************************************
< S> <C> <C> <C> <C> <C>
------------- ------------- ------------- ---------------------
Deferred Charges & Other 552,652,908 751 2,442,634 555,096,293
------------- ------------- ------------- ---------------------
Total Assets 3,134,848,325 12,652,696 (451,264) 3,147,049,757
============ ============ ============ ============
Accounts Payable 75,626,250 76,496 (52,565) 75,650,181
Notes - Banks & Other 0 6,362,061 (1,383,397) 4,978,664
Current Portion - First Mort Bonds 4,730,000 0 0 4,730,000
------------- ------------- ------------- ---------------------
Short-Term Debt 4,730,000 6,362,061 (1,383,397) 9,708,664
Accrued Income Taxes 3,114,496 (22,698) 0 3,091,798
Accrued Property Taxes 120,126,799 54,237 0 120,181,036
Other Accrued Taxes 208,384 10,135 0 218,519
------------- ------------- ------------- ---------------------
Accrued Taxes 123,449,678 41,674 0 123,491,352
Accrued Interest 20,713,279 0 0 20,713,279
Current Def Inc Tax - Assets (9,365,649) 0 0 (9,365,649)
Current Def Inc Tax - Liabilities 7,075,371 0 0 7,075,371
Deferred Gas Costs 5,635,345 0 0 5,635,345
Deferred Electric Fuel 7,342,835 0 0 7,342,835
Gas Supplier Refunds 1,456,300 0 0 1,456,300
Other Current Liabilities 14,566,586 0 0 14,566,586
------------- ------------- ------------- ---------------------
Other Current Liabilities 26,710,789 0 0 26,710,789
------------- ------------- ------------- ---------------------
Total Current Liabilities 251,229,995 6,480,232 (1,435,962) 256,274,265
Other Deferred Credits 91,604,782 24,229 0 91,629,011
Regulatory Liability 402,116 0 0 402,116
------------- ------------- ------------- ---------------------
Deferred Credits & Other 92,006,898 24,229 0 92,031,127
Unamort Investment Tax Credit 81,211,500 0 0 81,211,500
Accum Def Inc Tax-Property 457,335,098 1,000,433 0 458,335,531
Accum Def Inc Tax-Assets (88,437,610) 0 0 (88,437,610)
Accum Def Inc Tax-Liabilities 160,588,791 143,169 0 160,731,960
------------- ------------- ------------- ---------------------
Deferred Income Taxes 610,697,779 1,143,602 0 611,841,381
------------- ------------- ------------- ---------------------
Total Liabilities 953,934,672 7,648,062 (1,435,962) 960,146,772
============ ============ ============ ============
</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, 1994
($) 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 738,493,578 151,453 (151,453) 738,493,578
Earnings Reinvested 971,709,906 (4,263,035) 2,805,099 970,251,970
Current Net Income 147,735,351 (1,037,538) 1,037,538 147,735,351
Common Dividends & Adj (695,454,998) 0 0 (695,454,998)
DP&L Preferred Stock Adj (1,121,986) 0 0 (1,121,986)
------------- ------------- ------------- ---------------------
Total Earnings Reinvested 422,868,273 (5,300,573) 3,842,638 421,410,338
Pref Stock w/o Mand Redmp 22,850,800 0 0 22,850,800
First Mortgage Bonds 998,759,337 0 0 998,759,337
FMB-Debt, Discount & Premium (2,470,057) 0 0 (2,470,057)
Advances - Assoc Company 0 2,704,986 (2,704,986) 0
Other Long-Term Debt 0 7,447,269 0 7,447,269
------------- ------------- ------------- ---------------------
Total Long-Term Debt 996,289,280 10,152,254 (2,704,986) 1,003,736,548
------------- ------------- ------------- ---------------------
Total Capitalization 2,180,913,652 5,004,634 984,699 2,186,902,985
============ ============ ============ ============
------------- ------------- ------------- ---------------------
Total Liabilities & Equity 3,134,848,325 12,652,696 (451,264) 3,147,049,757
============ ============ ============ ============
</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 12/31/94;
2. Inc. Consolidation Detail Report, Subsidiaries Unconsolidated, Balance
Sheet, Year to Date 12/31/94;
3. MVD Consolidating Financial Statements, Income Statement, Year to Date
12/31/94;
4. MVD Consolidating Financial Statements, Balance Sheet, Year to Date
12/31/94;
5. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Income
Statement, Year to Date 12/31/94; and
6. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Balance
Sheet, Year to Date 12/31/94.
-21-
