35-CERT 1 ccpcsec.txt CONESVILLE COAL PREPARATION COMPANY QUARTERLY REPORT PER REQUIREMENTS OF HOLDING COMPANY ACT RELEASE NO. 23463 BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 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 SEPTEMBER 30, 2001 (UNAUDITED)
Three Months Month Ended Ended --------------------------------------- July 31, August 31, September 30, September 30, 2001 2001 2001 2001 -------- ---------- ------------- ------------- (in thousands) OPERATING REVENUES - Services to Parent . . . $635 $1,044 $942 $2,621 COST OF OPERATION. . . . . 607 1,036 931 2,574 ---- ------ ---- ------ OPERATING INCOME . . . . . 28 8 11 47 NONOPERATING INCOME. . . . 5 4 1 10 ---- ------ ---- ------ INCOME BEFORE FEDERAL INCOME TAXES . . . . . . 33 12 12 57 FEDERAL INCOME TAXES . . . 27 6 6 39 ---- ------ ---- ------ NET INCOME . . . . . . . . $ 6 $ 6 $ 6 $ 18 ==== ====== ==== ====== 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 SEPTEMBER 30, 2001 (UNAUDITED)
July 31, August 31, September 30, 2001 2001 2001 -------- ---------- ------------- (in thousands) ASSETS ------ MINING PLANT: Mining Plant in Service . . . . . . . . . $2,284 $2,284 $2,263 Accumulated Amortization. . . . . . . . . 1,637 1,694 1,732 ------ ------ ------ NET MINING PLANT . . . . . . . . . 647 590 531 ------ ------ ------ OTHER PROPERTY AND INVESTMENTS. . . . . . . 158 152 145 ------ ------ ------ CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . 92 4 6 Accounts Receivable: General . . . . . . . . . . . . . . . . 24 23 23 Affiliated Companies. . . . . . . . . . 641 1,690 1,991 Advances to Affiliates. . . . . . . . . . 1,382 667 758 Materials and Supplies. . . . . . . . . . 1,054 1,064 1,136 Other . . . . . . . . . . . . . . . . . . 18 14 9 ------ ------ ------ TOTAL CURRENT ASSETS . . . . . . . 3,211 3,462 3,923 ------ ------ ------ DEFERRED INCOME TAXES . . . . . . . . . . . 1,079 1,100 1,125 ------ ------ ------ REGULATORY ASSETS . . . . . . . . . . . . . 64 64 64 ------ ------ ------ TOTAL. . . . . . . . . . . . . . $5,159 $5,368 $5,788 ====== ====== ====== 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 . . . . . . . . . . . . 1,071 1,077 1,082 ------ ------ ------ TOTAL SHAREHOLDER'S EQUITY . . . . 1,571 1,577 1,582 ------ ------ ------ OTHER NONCURRENT LIABILITIES. . . . . . . . 2,168 2,183 2,198 ------ ------ ------ CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . 136 117 117 Affiliated Companies. . . . . . . . . . 288 304 305 Obligations Under Capital Leases. . . . . 213 213 213 Other . . . . . . . . . . . . . . . . . . 508 675 993 ------ ------ ------ TOTAL CURRENT LIABILITIES. . . . . 1,145 1,309 1,628 ------ ------ ------ REGULATORY LIABILITIES. . . . . . . . . . . 275 299 380 ------ ------ ------ TOTAL. . . . . . . . . . . . . . $5,159 $5,368 $5,788 ====== ====== ======
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF QUANTITIES OF COAL PROCESSED AND CUSTOMER BILLINGS FOR COAL WASHING SERVICES BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 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) July 2001. . . . . . . . . . 205,451 23,849 181,602 $3.50 $635 ======= ====== ======= ===== ==== August 2001. . . . . . . . . 333,992 39,695 294,297 $3.55 $1,044 ======= ====== ======= ===== ====== September 2001 . . . . . . . 307,677 43,900 263,777 $3.57 $942 ======= ====== ======= ===== ==== * Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light Company and Columbus Southern Power Company, the parent of Conesville Coal Preparation Company.
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF COST OF OPERATION BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 2001
Three Months July August September Ended 2001 2001 2001 9/30/01 ---- ------ --------- ------- (in thousands) Labor-UMW*. . . . . . . . . . . . . . . . .$ 64 $ 110 $ 79 $ 253 Benefits-UMW* . . . . . . . . . . . . . . . 95 94 81 270 Office Salaries and Benefits. . . . . . . . 93 109 92 294 Operating Materials . . . . . . . . . . . . 27 53 43 123 Maintenance - Materials and Services. . . . 103 53 22 178 Electricity . . . . . . . . . . . . . . . . 47 64 58 169 Other Billed Services . . . . . . . . . . . 27 104 63 194 Rentals . . . . . . . . . . . . . . . . . . 230 248 242 720 Depreciation. . . . . . . . . . . . . . . . 40 40 40 120 Cleaning Cost Normalization** . . . . . . . (178) 21 84 (73) Other . . . . . . . . . . . . . . . . . . . 59 140 127 326 ----- ------ ----- ------ Total . . . . . . . . . . . . . .$ 607 $1,036 $ 931 $2,574 ===== ====== ===== ====== * 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 SEPTEMBER 30, 2001
July August September 2001 2001 2001 ---- ------ --------- Clean Coal Deliveries from Conesville Coal Preparation Plant (a) . . . . . . . . . . . . . . $32.33 * $28.64 * $34.44 * ====== ====== ====== 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.