35-CERT 1 ccpcsec.txt H:\FRR\1ST\COAL\CCPCSEC.DOC\1 CONESVILLE COAL PREPARATION COMPANY QUARTERLY REPORT PER REQUIREMENTS OF HOLDING COMPANY ACT RELEASE NO. 23463 BY MONTH, FOR THE QUARTER ENDED MARCH 31, 2001 CONTENTS Page Statements of Income 1 Balance Sheets 2 Statements of Quantities of Coal Processed and Customer Billings for Coal Washing Services 3 Statements of Cost of Operation 4 Price Per Ton of Coal Deliveries 5 CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF INCOME BY MONTH, FOR THE QUARTER ENDED MARCH 31, 2001 (UNAUDITED)
Three Month Ended Months --------------------------------------- Ended January 31, February 28, March 31, March 31, 2001 2001 2001 2001 ----------- ------------ --------- ---------- (in thousands) OPERATING REVENUES - Services to Parent . . . $1,059 $976 $1,118 $3,153 COST OF OPERATION. . . . . 1,046 963 1,106 3,115 ------ ---- ------ ------ OPERATING INCOME . . . . . 13 13 12 38 NONOPERATING INCOME. . . . 3 2 3 8 ------ ---- ------ ------ INCOME BEFORE FEDERAL INCOME TAXES . . . . . . 16 15 15 46 FEDERAL INCOME TAXES . . . 10 9 10 29 ------ ------ ------ ------ NET INCOME . . . . . . . . $ 6 $ 6 $ 5 $ 17 ====== ====== ====== ====== The common stock of the Company is wholly owned by Columbus Southern Power Company.
CONESVILLE COAL PREPARATION COMPANY BALANCE SHEETS BY MONTH-END, FOR THE QUARTER ENDED MARCH 31, 2001 (UNAUDITED)
January 31, February 28, March 31, 2001 2001 2001 ----------- ------------ --------- (in thousands) ASSETS ------ MINING PLANT: Mining Plant in Service . . . . . . . . .$2,284 $2,284 $2,284 Accumulated Amortization. . . . . . . . . 1,326 1,366 1,424 ------ ------ ------ NET MINING PLANT . . . . . . . . . 958 918 860 ------ ------ ------ OTHER PROPERTY AND INVESTMENTS. . . . . . . 110 104 98 ------ ------ ------ CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . 15 17 27 Accounts Receivable: General . . . . . . . . . . . . . . . . 11 14 10 Affiliated Companies. . . . . . . . . . 2,331 2,255 1,132 Advances to Affiliates. . . . . . . . . . 274 804 1,905 Materials and Supplies. . . . . . . . . . 997 1,075 1,065 Other . . . . . . . . . . . . . . . . . . 11 8 7 ------ ------ ------ TOTAL CURRENT ASSETS . . . . . . . 3,639 4,173 4,146 ------ ------ ------ DEFERRED INCOME TAXES . . . . . . . . . . . 977 994 1,007 ------ ------ ------ REGULATORY ASSETS . . . . . . . . . . . . . 321 317 314 ------ ------ ------ TOTAL. . . . . . . . . . . . . .$6,005 $6,506 $6,425 ====== ====== ====== CAPITALIZATION AND LIABILITIES ------------------------------ SHAREOWNER'S EQUITY: Common Stock - Par Value $1,000: Authorized - 500 Shares Outstanding - 100 Shares. . . . . . . .$ 100 $ 100 $ 100 Paid-in Capital . . . . . . . . . . . . . 400 400 400 Retained Earnings . . . . . . . . . . . . 1,036 1,042 1,047 ------ ------ ------ TOTAL SHAREHOLDER'S EQUITY . . . . 1,536 1,542 1,547 ------ ------ ------ OTHER NONCURRENT LIABILITIES. . . . . . . . 2,205 2,218 2,208 ------ ------ ------ CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . 119 141 79 Affiliated Companies. . . . . . . . . . 419 492 408 Accrued Rentals . . . . . . . . . . . . . 322 578 883 Other . . . . . . . . . . . . . . . . . . 1,171 1,103 794 ------ ------ ------ TOTAL CURRENT LIABILITIES. . . . . 2,031 2,314 2,164 ------ ------ ------ DEFERRED GAIN ON SALE OF PLANT. . . . . . . 217 197 178 ------ ------ ------ REGULATORY LIABILITIES. . . . . . . . . . . 16 235 328 ------ ------ ------ TOTAL. . . . . . . . . . . . . .$6,005 $6,506 $6,425 ====== ====== ======
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF QUANTITIES OF COAL PROCESSED AND CUSTOMER BILLINGS FOR COAL WASHING SERVICES BY MONTH, FOR THE QUARTER ENDED MARCH 31, 2001
Services Rendered to Columbus Southern Raw Clean Power Company's Coal Coal Conesville Plant* Input Rejects Output Unit Price Amount ---------------- ------- ------- ------ ---------- ------ (Month/Year) (tons) (tons) (tons) (per ton) (000) January 2001 . . . . . . . . 209,134 27,235 181,899 $5.82 $1,059 ======= ====== ======= ===== ====== February 2001. . . . . . . . 188,465 23,848 164,617 $5.93 $ 976 ======= ====== ======= ===== ====== March 2001 . . . . . . . . . 210,406 26,313 184,093 $6.07 $1,118 ======= ====== ======= ===== ====== * Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light Company and Columbus Southern Power Company, the parent of Conesville Coal Preparation Company.
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF COST OF OPERATION BY MONTH, FOR THE QUARTER ENDED MARCH 31, 2001
Three Months January February March Ended 2001 2001 2001 3/31/00 ------- -------- ------ ------- (in thousands) Labor-UMW*. . . . . . . . . . . . . . . . .$ 110 $ 76 $ 81 $ 267 Benefits-UMW* . . . . . . . . . . . . . . . 74 77 67 218 Office Salaries and Benefits. . . . . . . . 102 101 109 312 Operating Materials . . . . . . . . . . . . 61 37 35 133 Maintenance - Materials and Services. . . . 101 (26) 204 279 Electricity . . . . . . . . . . . . . . . . 77 63 69 209 Other Billed Services . . . . . . . . . . . 43 16 26 85 Rentals . . . . . . . . . . . . . . . . . . 326 332 325 983 Amortization of Deferred Gain on Sale of Plant. . . . . . . . . . . . . (20) (20) (19) (59) Depreciation. . . . . . . . . . . . . . . . 40 40 40 120 Cleaning Cost Normalization** . . . . . . . 10 215 96 321 Other . . . . . . . . . . . . . . . . . . . 122 52 73 247 ------ ------ ------ ------ Total . . . . . . . . . . . . . .$1,046 $ 963 $1,106 $3,115 ====== ====== ====== ====== * United Mine Workers of America. ** Represents the deferral/accrual required to establish revenue based on forecasted results for the remainder of the year. The amount of cleaning cost normalization is established on an "overall" company basis (i.e., not itemized) and is eliminated by year-end.
COLUMBUS SOUTHERN POWER COMPANY PRICE PER TON OF COAL DELIVERIES BY MONTH, FOR THE QUARTER ENDED MARCH 31, 2001
January February March 2001 2001 2001 ------ -------- --------- Clean Coal Deliveries from Conesville Coal Preparation Plant (a) . . . . . . . . . . . . . $32.64 * $35.63 * $33.25 * ====== ====== ====== Notes: (a) Coal cleaned by Conesville Coal Preparation Plant and delivered to Columbus Southern Power's Conesville Generating Plant. These deliveries of clean coal will normally consist of coal cleaned from beginning inventory as well as current month deliveries. * Average price per ton.