FORM U-3A-2
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
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
SOUTHERN INDIANA GAS AND ELECTRIC 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:
1. Southern Indiana Gas and Electric Company ("SIGECO")
is a combination gas and electric utility and wholly-owned
subsidiary of SIGCORP, Inc. ( SIGCORP ), an investor owned
holding company. SIGCORP was formed in 1995 under the laws of
the State of Indiana by SIGECO. On January 1, 1996, SIGCORP
became the parent of SIGECO, pursuant to a corporate
reorganization plan and also became the parent of nonutility
subsidiaries formerly owned by SIGECO. SIGECO serves
customers in 10 southwestern Indiana counties. Nonutility
business activities are conducted under separate subsidiaries.
SIGECO is an operating public utility incorporated on
June 10, 1912 under the laws of the State of Indiana. The
Company is located in Evansville, Indiana and is engaged in
the generation, transmission, distribution and sale of
electricity and the purchase, transportation, distribution and
sale of natural gas in southwestern Indiana. SIGECO has
interests in the following gas utilities and since January 1,
1996 has no other subsidiaries:
A. On December 22, 1986, SIGECO acquired approximately
33% of the outstanding common stock of Community Natural Gas
Company, Inc. ("Community"), an Indiana corporation, which is
a small Indiana gas distribution company with offices in
Mt. Carmel, Illinois. Community conducts its business in
southwestern Indiana.
B. On June 30, 1994, SIGECO acquired Lincoln Natural Gas
Company, Inc. ("LNG"), an Indiana corporation, which was a
small gas distribution company in the Rockport, Indiana area.
LNG's service territory was contiguous to SIGECO's eastern gas
service territory boundary and was within its existing
electric service territory. On January 1, 1995, LNG was
merged into SIGECO.
2. The principal generating facilities of SIGECO include
the Culley Station with 386,000 kW of capacity and Warrick
Unit No. 4 with 135,000 kW of capacity, both located in
Warrick County near Yankeetown, Indiana; and the A. B. Brown
Station with 500,000 kW of capacity, located in Posey County
about eight miles east of Mt. Vernon, Indiana. These
facilities include six coal-fired generating units and have a
combined generating capacity of 1,021,000 kW.
<PAGE>
SIGECO's Broadway Gas Turbine Units, with a capacity of
115,000 kW, are located in Evansville, Vandenburgh County,
Indiana. This generating facility is equipped to burn oil
and/or natural gas. These units generally are used only for
reserve, peaking or emergency purposes due to the higher unit
cost per kilowatt hour of generation when using oil or gas as
fuel.
SIGECO's Brown Gas Turbine I, with capacity of 80,000 kW,
is located at the A. B. Brown Station. The unit is fueled by
natural gas, although fuel oil can also be used if gas is
unavailable. The main function of the gas turbine is
generating adequate power during times of peak demand.
However, it will also assist in maintaining voltage support on
the west end of the system, and it can be used to "black
start" the Brown plant if a catastrophe should cause a partial
or total system blackout.
SIGECO also owns two gas fired turbine generating units
with a capacity of 20,000 kW, which are used for peaking and
emergency purposes only. These units are known as the
Northeast Gas Turbine Units and are located northeast of
Evansville, in Vandenburgh County, Indiana.
SIGECO's transmission system consists of 797 circuit
miles of 138,000 and 69,000 volt lines. The transmission
system also includes 26 substations with an installed capacity
of 3,860,653 kilovolt amperes. The electric distribution
system includes 3,176 pole miles of lower voltage overhead
lines and 194 trench miles of conduit containing 1,110 miles
of underground distribution cables. The distribution system
also includes 87 distribution substations with an installed
capacity of 1,602,297 kilovolt amperes and 46,140 distribution
transformers with an installed capacity of 1,844,458 kilovolt
amperes.
SIGECO owns and operates three underground gas storage
fields with an estimated ready delivery from storage
capability of 3.8 billion cubic feet of gas. The Oliver
Field, in service since 1954, is located in Posey County,
Indiana, about 13 miles west of Evansville; the Midway Field,
in service since 1966, is located in Spencer County, Indiana,
about 20 miles east of Evansville near Richland, Indiana; and,
the Monroe City Field, in service since 1958, is located 10
miles east of Vincennes, Indiana.
SIGECO's gas transmission system includes 335 miles of
transmission mains, and the gas distribution system includes
2,348 miles of distribution mains.
The only utility property SIGECO owns outside of Indiana
is approximately eight miles of 138,000 volt electric
transmission line which is located in Kentucky and which
interconnects with Louisville Gas and Electric Company's
transmission system at Cloverport, Kentucky.
Community is a small gas utility that has several
noncontiguous service territories in southwestern Indiana.
Much of its service territory is adjacent to or near the gas
service territory of SIGECO. Community has 6,313 natural gas
customers consisting of residential, commercial, industrial
and public authority classes of service. Its gas distribution
system includes approximately 444 miles of distribution mains.
Community has no underground gas storage facilities.
3. For the year ended December 31, 1996, SIGECO's retail
and wholesale electric sales totaled 6,084,520,077 kWh, while
its retail and transported gas sales totaled 31,064,696 Dth.
SIGECO has no electric or gas retail sales outside the State
of Indiana. For this same period, SIGECO had wholesale
electric sales of 257,771,000 kWh to utilities and power
marketers located outside the state of Indiana. SIGECO had no
gas wholesale sales outside of Indiana, or at the state line.
During 1996, SIGECO purchased 260,731,000 kWh of power from
utilities and power marketers located outside the state of
Indiana. For the year ended December 31, 19965, SIGECO's
retail gas sales totaled 19,263,320 Dth and 11,801,376 Dth of
gas was transported for end users for a total gas sold and
transported of 31,064,696 Dth, all of which was distributed
within the State of Indiana. For this same period, SIGECO had
no gas wholesale sales. In 1996, SIGECO purchased for its
system supply 19,375,378 Dth of natural gas, 100% of its
requirements, from 27 spot market gas suppliers.
For the year ended December 31, 1996, Community's retail
gas sales totaled 995,247 Dth, and 17,961 Dth of gas was
transported for end users for a total gas sold and transported
of 1,013,208 Dth, all of which was distributed within the
State of Indiana. For this same period, Community had no gas
wholesale sales. In 1996, Community received for its system
supply 996,223 Dth of natural gas from its four traditional
pipeline suppliers, Texas Gas Transmission Corporation, Texas
Eastern Corporation, ANR Pipeline and Midwestern Gas. The gas
purchased for its system was purchased through a broker.
4. SIGCORP does not hold any interest in an exempt
wholesale generator or foreign utility company.
Exhibit A: Consolidated statement of income and surplus
of SIGECO for the year ended December 31, 1996, together with
a consolidating balance sheet of SIGECO as of the close of
such calendar year.
Exhibit B: Financial data schedule.
The above named Company has caused this statement to be
duly executed on its behalf by its authorized officer on this
28th day of February, 1997.
SOUTHERN INDIANA GAS AND ELECTRIC COMPANY
By: T. L. Burke
T. L. Burke
Treasurer
ATTEST:
L. K. Tiemann
L. K. Tiemann
Assistant Secretary
The name, title and address of the officer to whom notice and
correspondence concerning this statement should be addressed
is:
T. L. Burke
Treasurer
Southern Indiana Gas and Electric Company
20 N.W. Fourth Street
Evansville, Indiana 47741-0001
<TABLE>
Southern Indiana Gas and Electric Company
Consolidating Trial Balance
For Twelve Months Ending December 31, 1996
(in thousands)
<CAPTION>
SIGECO
<S> <C>
ASSETS
Utility Plant at cost:
Electric 1,047,717
Gas 131,796
Accumulated Depreciation (524,104)
CWIP 25,849
Investment in Subsidiaries -
Investments in leveraged leases -
Investments inpartnerships -
Funds held by Trustee 3,830
Nonutility property & other 1,552
Cash and cash equivalents 3,127
Cash - Restricted -
Temporary investments -
Receivables, net 69,230
Notes receivable from assoc. co. -
Inventories 31,190
Coal contract settlement -
Other current assets 15,304
Unamortized prem. on reacq. debt 5,663
Post-retire. ben. oblig. other
than pensions 5,824
Demand side management program -
Other deferred charges 35,348
852,326
SHAREHOLDERS' EQUITY AND LIABILITIES
Common Stock (78,258)
Additional paid-in capital -
Retained Earnings (213,688)
Unrealized loss on debt and
equity sec. -
Treasury stock -
Cumulative nonredeemable
preferred stock (11,090)
Cumulative redeemable
preferred stock (7,500)
Cumulative special preferred stock (924)
Long-term debt less current mat. (251,355)
Long-term Partnership Obligations -
Current por. of adj. rate p. c. bonds (31,500)
Notes payable (31,000)
Maturing long-term debt (295)
Maturing Partnership Obligations -
Accounts payable (27,338)
Notes payable to Assoc. Company (1,400)
Dividends payable (123)
Accrued taxes (8,713)
Accrued interest (4,572)
Refunds to customers (2,722)
Accrued coal liability -
Other accrued liabilities (29,650)
Accumulated deferred income taxes (116,373)
Accumulated deferred ITC (21,706)
Regulatory liability - FAS 109 (1,614)
Post-retire. ben. oblig.
oth. than pensions (10,084)
Other liabilities (2,421)
(852,326)
INCOME STATEMENT
Operating Revenues
Electric (276,479)
Gas (96,251)
Fuel for electric generation 74,860
Purchased electric energy 8,295
Cost of gas sold 66,105
Other 56,139
Maintenance 29,641
Depreciation and amortization 38,617
Federal and state inc. tax. 24,034
Property and other taxes 13,949
AFUDC (other) 5
Interest (432)
Other, net (3,098)
Interest on long-term debt 18,432
Amort. of prem., disc. & exp on debt 690
Other interest 1,577
AFUDC (borrowed) (445)
Preferred Dividend
Req. of Subsidiary 1,097
NET INCOME (43,264)
</TABLE>
<PAGE>
Southern Indiana Gas and Electric Company
Combining Income Statement
For Twelve Months Ending December 31, 1996
(in thousands)
<TABLE>
SIGECO
<S> <C>
Revenues 372,729
Cost of Sales 149,260
GROSS MARGIN ON REVENUES 223,469
Operating Expenses 99,914
Depreciation and Amortization 38,617
Income Taxes 23,849
OPERATING INCOME 61,089
Interest 18,432
Preferred Stock Dividends 1,097
Total Other (Income) Deductions (184)
NET INCOME 41,744
</TABLE>
EXHIBIT B
Item No. Caption Heading (in thousands)
1. Total Assets $ 852,326
2. Total Operating Revenues $ 372,730
3. Net Income $ 43,264
