<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 an agent for DP&L in the office space
leasing business of an eleven story building owned by DP&L.
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 retail sales equipment and has made
investments in non-utility interests. 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 and wholesale electric generation. 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 and has, for
financial investment purposes, acquired limited partnership
interests in non-utility interests. 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 retail 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 3,148,000 KW. Of this capability,
2,843,000 KW (approximately 90%) 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>
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
Tait Gas Turbine 1 W DP&L Moraine, OH 95 95
* W - Wholly Owned; C - Commonly Owned
DP&L's electric transmission and distribution lines owned
and in service as of December 31, 1995 were as follows:
Overhead Lines Underground Lines
Nominal Voltage Circuit Miles Cable Miles
- --------------- -------------- -----------------
345 KV 414* 0
138 KV 342 3
69 KV 944 1
33 KV 80 0
Less than 33 KV 33,294 4,223
------ -----
Total Miles 35,074 4,227
* 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 147 substations with a total
capacity of 12,998,000 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 D and E 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 Texas
Eastern Transmission Company, 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. For peak shaving purposes, DP&L
maintains and operates four propane-air plants with a daily rated
capacity of approximately 70,000 thousand cubic feet ("MCF") of
natural gas. Exhibit F 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 16,814,427,000 kWh;
43,293,767 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 1,772,590,000 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 370,968,000 kWh;
43,499,723 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.
Indeck Pepperell Power Associates, Inc.
1130 Lake Cook Road, Suite 200
Buffalo Grove, IL 60089
Indeck Pepperell is a 38 MW plant used for the generation
of electricity.
-6-
<PAGE>
(b) Name of each system company that holds an interest
in such EWG or foreign utility company; and description
of the interest held.
MVL: 4.8524% equity interest in project.
(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.
MVL: Equity investment of $321,793.40.
(d) Capitalization and earnings of the EWG or foreign
utility company during the reporting period.
Capitalization: $6.7 million
Earnings: None (non-operational)
(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, 1995
Exhibit A-1 - Non-Utility Consolidating Financial 21
Statements for twelve months ended
December 31, 1995
Exhibit B - Financial Data Schedule 9
Exhibit C - An organizational chart showing the 9
relationship of each EWG or foreign
utility company to associate companies
in the holding-company system
Exhibit D - 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 E - 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 F - 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, 1995 are attached as Exhibit A. Non-utility
consolidating financial statements for the twelve months ended
December 31, 1995 are attached as Exhibit A-1.
EXHIBIT B
FINANCIAL DATA SCHEDULE
If, at the time a report on this form is filed, the
registrant is required to submit this report and any amendments
thereto electronically via EDGAR, the registrant shall furnish a
Financial Data Schedule. The Schedule shall set forth the
financial and other data specified below that are applicable to
the registrant on a consolidated basis.
Amount
Item No. Caption Heading $ in Millions
1 Total Assets 3,322.8
2 Total Operating Revenues 1,271.0
3 Net Income 164.7
EXHIBIT C
An organizational chart showing the relationship of each EWG
or foreign utility company to associate companies in the holding
company system.
Claimant (Holding Company): DPL Inc.
Subsidiary of Claimant
having relationship with EWG: MVL
Name of EWG: Indeck Pepperell Power
Associates, Inc.
-9-
<PAGE>
The above-named claimant has caused this statement to be
duly executed on its behalf by its authorized officer on this
29th day of February, 1996.
DPL Inc.
------------------
(Name of claimant)
By /s/Thomas M. Jenkins
----------------------------------
Thomas M. Jenkins
Group Vice President and Treasurer
Attest:
/s/ 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 D - 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 E - 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 F - 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-
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR3
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 3323
<TOTAL-OPERATING-REVENUES> 1271
<NET-INCOME> 165
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR3
<SUBSIDIARY>
<NUMBER> 1
<NAME> DAYTON POWER & LIGHT CO
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 3204
<TOTAL-OPERATING-REVENUES> 1259
<NET-INCOME> 159
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 1
CONSOLIDATING FINANCIAL STATEMENTS
INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1995
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
************************************************************************************************
<S> <C> <C> <C> <C> <C>
Electric Revenue 0 1,029,918,892 0 (2,390,788) 1,027,528,104
Gas Revenue 0 222,039,963 0 0 222,039,963
Steam Revenue 0 5,560,503 0 0 5,560,503
----------- ------------- ----------- ------------ -------------
Utility Service Revenue 0 1,257,519,357 0 (2,390,788) 1,255,128,569
Other Income 162,831,259 1,364,051 41,526,188 (189,836,445) 15,885,053
----------- ------------- ----------- ------------- -------------
Total Operating Revenue 162,831,259 1,258,883,408 41,526,188 (192,227,233) 1,271,013,622
Fuel - Electric 0 213,008,146 0 0 213,008,146
Fuel Clause Adj - Elec 0 (15,549) 0 0 (15,549)
Fuel - Steam 0 1,887,118 0 0 1,887,118
Purchased Power 0 42,595,958 0 0 42,595,958
Gas Purchased for Resale 0 133,227,001 0 0 133,227,001
---------- ------------- ---------- ------------ -------------
Total Energy Expense 0 390,702,673 0 0 390,702,673
Operation & Maintenance 492,574 266,932,213 28,977,103 (29,313,709) 267,088,181
Depreciation & Amortization 0 115,352,172 3,554,521 0 118,906,693
Property Taxes 0 61,381,225 152,444 0 61,533,669
Excise Tax 0 53,811,963 0 0 53,811,963
Other Federal Taxes 0 7,468,755 0 0 7,468,755
State & Other Taxes 0 2,211,944 186,246 0 2,398,190
---------- ------------- ---------- ------------ -------------
General Taxes 0 124,873,887 338,690 0 125,212,577
---------- ------------- ---------- ------------ -------------
Total Operating Expense 492,574 897,860,945 32,870,315 (29,313,709) 901,910,125
----------- ------------- ---------- ------------ -------------
Operating Income Before Tax 162,338,685 361,022,463 8,655,873 (162,913,524) 369,103,497
Federal Income Taxes 861,127 90,114,833 (1,876,396) 0 89,099,564
Federal Inc Tax-Oth Inc & Ded 0 2,648,349 0 0 2,648,349
Deferred Income Taxes (3,345) 9,308,448 4,649,427 0 13,954,530
Deferred Inc Tax-Oth Inc & Ded 0 (4,599,866) 0 0 (4,599,866)
State Income Taxes 112,586 314,985 825,313 0 1,252,884
---------- ------------- ---------- ------------ --------------
Total Income Taxes 970,368 97,786,749 3,598,344 0 102,355,461
----------- ------------- ---------- ------------ --------------
Operating Income After Tax 161,368,317 263,235,714 5,057,529 (162,913,524) 266,748,036
</TABLE>
- 11 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 2
CONSOLIDATING FINANCIAL STATEMENTS
INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1995
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
*******************************************************************************************
<S> <C> <C> <C> <C> <C>
Interest - First Mortgage 0 78,517,675 0 0 78,517,675
Interest - Other Long Term Debt 0 2,236,667 0 0 2,236,667
Other Interest Expense 823,908 12,328,346 3,431,698 (4,495,985) 12,087,967
Amortization of Issue Cost 61,121 1,347,712 0 0 1,408,833
---------- ---------- ---------- ----------- ----------
Total Interest Charges 885,029 94,430,400 3,431,698 (4,495,985) 94,251,142
Preferred Stock Dividends 0 867,069 0 0 867,069
Other Deductions 0 4,368,776 962,045 18,557 5,349,378
Interest Income (4,177,524)(10,399,198) (6,129,587) 6,886,725 (13,819,584)
---------- ---------- ---------- ----------- ----------
Total Div & Other Deduction (4,177,524) (5,163,352) (5,167,542) 6,905,281 (7,603,137)
---------- ---------- ---------- ----------- ----------
Net Operating Income 164,660,812 173,968,667 6,793,373 (165,322,820) 180,100,032
Deferral (Amort) of Reg Assets 0 (15,439,219) 0 0 (15,439,219)
---------- ---------- ---------- ----------- ----------
Total Other Income 0 (15,439,219) 0 0 (15,439,219)
---------- ---------- ---------- ----------- ----------
Net Income 164,660,812 158,529,448 6,793,373 (165,322,820) 164,660,813
=========== =========== ========= ============ ===========
</TABLE>
- 12 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 1
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1995
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
**************************************************************************************************
<S> <C> <C> <C> <C> <C>
Electric Property & Plant 0 3,090,520,719 0 0 3,090,520,719
Gas Property & Plant 0 265,374,134 0 0 265,374,134
Steam Property & Plant 0 14,802,621 0 0 14,802,621
Other Property 0 2,552,075 46,318,646 0 48,870,721
Non-Utility Property - Elec 0 6,556,569 0 0 6,556,569
---------- ------------- ----------- ------------- ---------------
Property & Plant 0 3,379,806,118 46,318,646 0 3,426,124,764
Other Property 0 227,787 1,199,234 0 1,427,021
Construction Work in Progress 0 22,698,600 (630,145) 0 22,068,455
---------- ------------- ----------- ------------- -------------
Total Constr Work in Progress 0 22,926,387 569,089 0 23,495,476
Accumulated Depr & Amort 0 (1,145,254,938)(22,524,496) 0 (1,167,779,434)
---------- ------------- ---------- ------------- -------------
Net Property & Plant 0 2,257,477,567 24,363,239 0 2,281,840,806
Cash 5,000 7,454,888 1,565,138 0 9,025,026
Temporary Investments 10,545,499 31,655,602 99,145,103 0 141,346,204
---------- ------------- ----------- ------------- --------------
Cash & Temporary Investments 10,550,499 39,110,490 100,710,241 0 150,371,230
Accounts Receivable 19,487,958 110,313,221 46,433,568 (62,433,473) 113,801,274
Uncollectible Reserve 0 (6,480,821) 0 0 (6,480,821)
Accrued Unbilled Revenue 0 40,678,037 0 0 40,678,037
----------- ------------- ---------- ------------- --------------
Accounts Receivable (Net) 19,487,958 144,510,437 46,433,568 (62,433,473) 147,998,490
Current Def Inc Tax - Assets 0 15,548,390 0 0 15,548,390
Fuel Stock 0 49,498,694 0 0 49,498,694
Materials & Supplies 0 32,129,332 1,072,367 0 33,201,699
Prepayments 0 27,090,370 184,686 (6,193,362) 21,081,694
Other Current Assets 0 11,647,727 40,830 0 11,688,557
Deferred State & Local Tax 0 82,371,038 0 0 82,371,038
Deferred Electric Fuel 0 928,504 0 0 928,504
Current Def Inc Tax - Liab 0 (9,464,272) 0 0 (9,464,272)
---------- ------------- ----------- ------------- --------------
Inventory, Prepayments & Other 0 209,749,783 1,297,884 (6,193,362) 204,854,305
---------- ------------- ----------- ------------- --------------
Total Current Assets 30,038,457 393,370,710 148,441,693 (68,626,835) 503,224,025
Investments 1,269,169,465 3,764,805 25,857,063 (1,271,600,786) 27,190,547
Unamortized Debt Expense 439,706 9,041,144 0 0 9,480,850
Income Taxes Recoverable 0 238,632,313 0 0 238,632,313
Phase-In Deferral 0 61,347,194 0 0 61,347,194
DSM Deferral 0 36,227,722 0 0 36,227,722
Deferred Zimmer Costs 0 58,139,929 0 0 58,139,929
Deferred PIP 0 7,725,288 0 0 7,725,288
Other Deferred Charges 0 126,665,898 18,811 (39,645,959) 87,038,750
Unamortized Loss Reacq Debt 0 11,907,206 0 0 11,907,206
</TABLE>
- 13 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 2
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1995
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
***************************************************************************************************
<S> <C> <C> <C> <C> <C>
------------- ------------- ---------- ------------- -------------
Deferred Charges & Other 1,269,609,171 553,451,500 25,875,874 (1,311,246,746) 537,689,799
------------- ------------- ---------- ------------- -------------
Total Assets 1,299,647,628 3,204,299,776 198,680,806 (1,379,873,580) 3,322,754,630
============= ============= =========== ============= =============
Accounts Payable 13,417,946 96,958,399 23,138,700 (36,533,473) 96,981,572
Notes-Banks & Other 0 4,805,474 29,379,935 (34,185,409) 0
Current Portion-First Mort Bonds 0 450,000 0 0 450,000
---------- ---------- ---------- ------------- -------------
Short-Term Debt 0 5,255,474 29,379,935 (34,185,409) 450,000
Accrued Income Taxes 2,931,245 (9,891,299) 351,813 0 (6,608,241)
Accrued Property Taxes 0 125,574,943 20,005 0 125,594,948
Other Accrued Taxes 0 202,063 209,487 0 411,550
---------- ----------- ---------- ------------ -------------
Total Accrued Taxes 2,931,245 115,885,707 581,304 0 119,398,256
Accrued Interest 3,249,450 21,679,711 0 0 24,929,161
Deferred Gas Costs 0 7,323,097 0 0 7,323,097
Deferred Electric Fuel 0 8,598,461 0 0 8,598,461
Other Current Liabilities 45,386 26,540,391 32,656,592 (32,093,362) 27,149,007
---------- ------------ ---------- ------------ -------------
Total Other Current Liabilities 45,386 42,461,949 32,656,592 (32,093,362) 43,070,565
---------- ------------ ---------- ------------ -------------
Total Current Liabilities 19,644,026 282,241,240 85,756,530 (10,812,244) 284,829,552
Other Deferred Credits 0 104,990,562 67,164,757 0 172,155,319
Regulatory Liability 0 602,829 0 0 602,829
---------- ------------ ---------- ------------ -------------
Deferred Credits & Other 0 105,593,390 67,164,757 0 172,758,147
Unamort Investment Tax Credit 0 79,423,997 222,000 0 79,645,997
Accum Def Inc Tax-Property 0 470,018,232 1,174,744 0 471,192,976
Accum Def Inc Tax-Assets (3,345) (91,567,657)(12,631,854) 0 (104,202,856)
Accum Def Inc Tax-Liabilities 0 153,693,412 0 (4,391,075) 149,302,337
---------- ----------- ---------- ------------- -------------
Deferred Income Taxes (3,345) 611,567,984 (11,235,110) (4,391,075) 595,938,454
---------- ----------- ---------- ------------ -------------
Total Liabilities 19,640,682 999,402,614 141,686,177 (107,203,319) 1,053,526,154
========== =========== =========== ============ =============
</TABLE>
- 14 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
DPL INC. Page 3
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1995
($) DPL INC DP&L CONS SUBS ELIMIN TOTAL
***************************************************************************************************
<S> <C> <C> <C> <C> <C>
Common Stock 1,066,969 411,722 127,000 (538,722) 1,066,969
Other Paid-In Capital 771,413,847 738,692,825 44,898,344 (783,591,170) 771,413,846
Other Paid-In Capital-Deferred (80,128,155) 0 0 (27,100,079) (107,228,234)
Other Paid-In Capital 691,285,692 738,692,825 44,898,344 (810,691,249) 664,185,612
Earnings Reinvested 1,205,423,326 1,122,185,161 15,675,912 (1,142,215,971) 1,201,068,428
Current Net Income 164,660,812 158,529,448 6,793,373 (165,322,820) 164,660,813
Common Dividends & Adj (870,933,872) (828,054,998)(10,500,000) 844,789,517 (864,699,353)
DP&L Preferred Stock Adj (1,495,981) (1,308,984) 0 1,308,984 (1,495,981)
------------- ------------ ---------- ------------- -------------
Total Earnings Reinvested 497,654,284 451,350,627 11,969,285 (461,440,291) 499,533,905
Pref Stock w/o Mand Redmp 0 22,850,800 0 0 22,850,800
First Mortgage Bonds 0 883,979,337 0 0 883,979,337
FMB-Debt, Discount & Premium 0 (2,388,149) 0 0 (2,388,149)
Pollution Control Bonds 0 110,000,000 0 0 110,000,000
Other Long-Term Debt 90,000,000 0 0 0 90,000,000
------------- ------------- ---------- ------------- -------------
Total Long-Term Debt 90,000,000 991,591,188 0 0 1,081,591,188
------------- ------------- ---------- ------------- --------------
Total Capitalization 1,280,006,946 2,204,897,162 56,994,629 (1,272,670,261) 2,269,228,476
============= ============= ========== ============= =============
------------- ------------- ----------- ------------- -------------
Total Liabilities & Equity 1,299,647,628 3,204,299,776 198,680,806 (1,379,873,580) 3,322,754,630
============= ============= =========== ============= =============
</TABLE>
- 15 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
THE DAYTON POWER AND LIGHT COMPANY Page 1
CONSOLIDATING FINANCIAL STATEMENTS
INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1995
($) DP&L SUBS ELIMIN TOTAL
****************************************************************************************
<S> <C> <C> <C> <C>
Electric Revenue 1,029,918,892 0 0 1,029,918,892
Gas Revenue 222,039,963 0 0 222,039,963
Steam Revenue 5,560,503 0 0 5,560,503
------------- ---------- ---------- -------------
Utility Service Revenue 1,257,519,357 0 0 1,257,519,357
Other Income 0 1,927,072 (563,021) 1,364,051
------------- ---------- ---------- -------------
Total Operating Revenue 1,257,519,357 1,927,072 (563,021) 1,258,883,408
Fuel - Electric 213,008,146 0 0 213,008,146
Fuel Clause Adj - Elec (15,549) 0 0 (15,549)
Fuel - Steam 1,887,118 0 0 1,887,118
Purchased Power 42,595,958 0 0 42,595,958
Gas Purchased for Resale 133,227,001 0 0 133,227,001
------------- ---------- ---------- -------------
Total Energy Expense 390,702,673 0 0 390,702,673
Operation & Maintenance 266,315,299 1,179,935 (563,021) 266,932,213
Depreciation & Amortization 114,865,258 486,914 0 115,352,172
Property Taxes 61,336,119 45,105 0 61,381,224
Excise Tax 53,811,963 0 0 53,811,963
Other Federal Taxes 7,468,755 0 0 7,468,755
State & Other Taxes 2,211,944 0 0 2,211,944
------------- ---------- ---------- -----------
Total General Taxes 124,828,781 45,105 0 124,873,886
------------- ---------- ---------- -----------
Total Operating Expense 896,712,012 1,711,954 (563,021) 897,860,945
------------- ---------- ---------- -----------
Operating Income Before Tax 360,807,345 215,118 0 361,022,463
Federal Income Taxes 90,780,326 (665,493) 0 90,114,833
Federal Inc Tax-Oth Inc & Ded 2,648,349 0 0 2,648,349
Deferred Income Taxes 10,352,114 (1,043,666) 0 9,308,448
Deferred Inc Tax-Oth Inc & Ded (4,599,866) 0 0 (4,599,866)
State Income Taxes 312,082 2,903 0 314,985
------------- ---------- ---------- -------------
Total Income Taxes 99,493,005 (1,706,256) 0 97,786,749
------------- ---------- ---------- -------------
Operating Income After Tax 261,314,340 1,921,374 0 263,235,714
</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, 1995
($) DP&L SUBS ELIMIN TOTAL
*************************************************************************************
<S> <C> <C> <C> <C>
Interest - First Mortgage Bonds 78,517,675 0 0 78,517,675
Interest - Other Long Term Debt 2,236,667 0 0 2,236,667
Other Interest Expense 11,053,496 1,891,966 (617,115) 12,328,347
Amortization of Issue Costs 1,347,712 0 0 1,347,712
----------- ---------- ---------- ----------
Total Interest Charges 93,155,549 1,891,966 (617,115) 94,430,400
Preferred Stock Dividends 867,069 0 0 867,069
Other Deductions 4,329,736 3,080,750 (3,041,710) 4,368,776
Interest Income (11,006,682) (9,631) 617,115 (10,399,198)
----------- ---------- ---------- ----------
Total Div & Other Deductions (5,809,877) 3,071,119 (2,424,594) (5,163,352)
----------- ---------- ---------- ----------
Net Operating Income 173,968,667 (3,041,710) 3,041,710 173,968,667
Deferral (Amort) of Reg Assets (15,439,219) 0 0 (15,439,219)
----------- ---------- ---------- ----------
Total Other Income (15,439,219) 0 0 (15,439,219)
----------- ---------- ---------- ----------
Net Income 158,529,448 (3,041,710) 3,041,710 158,529,448
=========== ========== ========== ===========
</TABLE>
- 17 -
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT A
THE DAYTON POWER AND LIGHT COMPANY Page 1
CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET
YEAR-TO-DATE DECEMBER 31, 1995
($) DP&L SUBS ELIMIN TOTAL
****************************************************************************************
<S> <C> <C> <C> <C>
Electric Property & Plant 3,066,036,800 0 (1,457,936) 3,064,578,864
Gas Property & Plant 265,374,134 0 0 265,374,134
Steam Property & Plant 14,802,621 0 0 14,802,621
Other Property 0 2,552,075 0 2,552,075
Non-Utility Property - Elec 6,556,569 0 0 6,556,569
------------- ---------- ---------- -------------
Property & Plant 3,352,770,123 2,552,075 (1,457,936) 3,353,864,262
Other Property 0 227,787 0 227,787
Construction Work in Progress 22,926,387 (227,787) 0 22,698,600
------------- ---------- ---------- -------------
Total Constr Work in Progress 22,926,387 0 0 22,926,387
Accumulated Depr & Amort (1,133,820,824) (811,314) 0 (1,134,632,138)
-------------- ---------- ---------- -------------
Net Property & Plant 2,241,875,686 1,740,761 (1,457,936) 2,242,158,511
Cash 2,449,888 5,005,000 0 7,454,888
Temporary Investments 31,583,142 72,460 0 31,655,602
---------- ---------- ---------- -------------
Cash & Temporary Investments 34,033,030 5,077,460 0 39,110,490
Accounts Receivable 110,528,292 10,147 (225,219) 110,313,220
Uncollectible Reserve (6,480,821) 0 0 (6,480,821)
Accrued Unbilled Revenue 40,678,037 0 0 40,678,037
----------- ---------- ---------- -------------
Accounts Receivable (Net) 144,725,508 10,147 (225,219) 144,510,436
Current Def Inc Tax - Assets 15,548,390 0 0 15,548,390
Fuel Stock 49,498,694 0 0 49,498,694
Materials & Supplies 32,129,332 0 0 32,129,332
Prepayments 27,090,370 0 0 27,090,370
Other Current Assets 11,647,277 450 0 11,647,727
Deferred State & Local Taxes 82,371,038 0 0 82,371,038
Deferred Electric Fuel 928,504 0 0 928,504
Current Def Inc Tax - Liabilities (9,464,272) 0 0 (9,464,272)
---------- ---------- ---------- -------------
Inventory, Prepayments & Other 209,749,333 450 0 209,749,783
----------- ---------- ---------- -------------
Total Current Assets 388,507,871 5,088,058 (225,219) 393,370,710
Investments 8,886,617 0 (5,121,812) 3,764,805
Unamortized Debt Expense 9,041,144 0 0 9,041,144
Income Taxes Recoverable 238,632,313 0 0 238,632,313
Phase-In Deferral 61,347,194 0 0 61,347,194
DSM Deferral 36,227,722 0 0 36,227,722
Deferred Zimmer Costs 58,139,929 0 0 58,139,929
Deferred PIP 7,725,288 0 0 7,725,288
Other Deferred Charges 141,984,202 751 0 141,984,953
Unamortized Loss Reacq Debt 11,907,206 0 0 11,907,206
</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, 1995
($) DP&L SUBS ELIMIN TOTAL
****************************************************************************************
<S> <C> <C> <C> <C>
------------- ---------- ---------- -------------
Deferred Charges & Other 573,891,615 751 (5,121,812) 568,770,554
------------- ---------- ---------- ------------
Total Assets 3,204,275,173 6,829,570 (6,804,966) 3,204,299,777
============= ========== ========== =============
Accounts Payable 96,968,547 95,071 (105,219) 96,958,399
Notes - Banks & Other 3,500,000 1,425,474 (120,000) 4,805,474
Current Portion - First Mort Bonds 450,000 0 0 450,000
---------- ---------- ---------- -------------
Short-Term Debt 3,950,000 1,425,474 (120,000) 5,255,474
Accrued Income Taxes (9,892,229) 930 0 (9,891,299)
Accrued Property Taxes 125,541,386 33,557 0 125,574,943
Other Accrued Taxes 202,063 0 0 202,063
----------- ---------- ---------- -------------
Total Accrued Taxes 115,851,220 34,487 0 115,885,707
Accrued Interest 21,679,711 0 0 21,679,711
Deferred Gas Costs 7,323,097 0 0 7,323,097
Deferred Electric Fuel 8,598,461 0 0 8,598,461
Other Current Liabilities 26,540,391 0 0 26,540,391
----------- ---------- ---------- -------------
Total Other Current Liabilities 42,461,949 0 0 42,461,949
----------- ---------- ---------- -------------
Total Current Liabilities 280,911,426 1,555,033 (225,219) 282,241,240
Other Deferred Credits 104,990,562 0 0 104,990,562
Regulatory Liability 602,829 0 0 602,829
------------ ---------- ---------- -------------
Deferred Credits & Other 105,593,390 0 0 105,593,390
Unamort Investment Tax Credit 79,423,997 0 0 79,423,997
Accum Def Inc Tax-Property 469,865,506 152,725 0 470,018,231
Accum Def Inc Tax-Assets (91,567,657) 0 0 (91,567,657)
Accum Def Inc Tax-Liabilities 153,693,412 0 0 153,693,412
----------- ---------- ---------- -------------
Deferred Income Taxes 611,415,258 152,725 0 611,567,983
----------- ---------- ---------- -------------
Total Liabilities 997,920,075 1,707,758 (225,219) 999,402,614
=========== ========== ========== =============
</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, 1995
($) DP&L SUBS ELIMIN TOTAL
****************************************************************************************
<S> <C> <C> <C> <C>
Common Stock 411,722 1,500 (1,500) 411,722
Other Paid-In Capital 738,692,825 5,151,453 (5,151,453) 738,692,825
Earnings Reinvested 1,123,643,097 3,010,569 (4,468,504) 1,122,185,162
Current Net Income 158,529,448 (3,041,710) 3,041,710 158,529,448
Common Dividends & Adj (828,054,998) 0 0 (828,054,998)
DP&L Preferred Stock Adj (1,308,984) 0 0 (1,308,984)
------------- ---------- ---------- ------------
Total Earnings Reinvested 452,808,563 (31,141) (1,426,794) 451,350,628
Pref Stock w/o Mand Redmp 22,850,800 0 0 22,850,800
First Mortgage Bonds 883,979,337 0 0 883,979,337
FMB-Debt, Discount & Premium (2,388,149) 0 0 (2,388,149)
Pollution Control Bonds 110,000,000 0 0 110,000,000
------------- ---------- ---------- -------------
Total Long-Term Debt 991,591,188 0 0 991,591,188
------------- ---------- ---------- -------------
Total Capitalization 2,206,355,098 5,121,812 (6,579,748) 2,204,897,162
============= ========== ========== =============
------------- ---------- ---------- -------------
Total Liabilities & Equity 3,204,275,173 6,829,570 (6,804,966) 3,204,299,777
============= ========== ========== =============
</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 12/31/95;
2. Inc. Consolidation Detail Report, Subsidiaries
Unconsolidated, Balance Sheet, Year to Date 12/31/95;
3. MVD Consolidating Financial Statements, Income
Statement, Year to Date 12/31/95;
4. MVD Consolidating Financial Statements, Balance Sheet,
Year to Date 12/31/95;
5. DP&L Consolidation Detail Report, Subsidiaries
Unconsolidated, Income Statement, Year to Date 12/31/95;
and
6. DP&L Consolidation Detail Report, Subsidiaries
Unconsolidated, Balance Sheet, Year to Date 12/31/95.
-21-
