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 MARCH 31, 2002 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, 2002 (UNAUDITED)
Three Month Ended Months --------------------------------------- Ended January 31, February 28, March 31, March 31, 2002 2002 2002 2002 ----------- ------------ --------- ------------- (in thousands) OPERATING REVENUES - Services to Parent . . . $1,207 $1,184 $1,154 $3,545 COST OF OPERATION. . . . . 1,199 1,175 1,144 3,518 ------ ------ ------ ------ OPERATING INCOME . . . . . 8 9 10 27 NONOPERATING INCOME. . . . 4 3 2 9 ------ ------ ------ ------ INCOME BEFORE FEDERAL INCOME TAXES . . . . . . 12 12 12 36 FEDERAL INCOME TAXES . . . 6 6 6 18 ------ ------ ------ ------ 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 MARCH 31, 2002 (UNAUDITED)
January 31, February 28, March 31, 2002 2002 2002 ----------- ------------ ---------- (in thousands) ASSETS ------ MINING PLANT: Mining Plant in Service . . . . . . . . . $2,237 $2,237 $2,217 Accumulated Amortization. . . . . . . . . 1,831 1,852 1,859 ------ ------ ------ NET MINING PLANT . . . . . . . . . 406 385 358 ------ ------ ------ OTHER PROPERTY AND INVESTMENTS. . . . . . . 122 116 110 ------ ------ ------ CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . 16 4 5 Accounts Receivable: General . . . . . . . . . . . . . . . . 20 21 21 Affiliated Companies. . . . . . . . . . 1,213 1,190 2,344 Advances to Affiliates. . . . . . . . . . 1,794 2,107 592 Materials and Supplies. . . . . . . . . . 1,417 1,393 1,393 Other . . . . . . . . . . . . . . . . . . - 48 122 ------ ------ ------ TOTAL CURRENT ASSETS . . . . . . . 4,460 4,763 4,477 ------ ------ ------ DEFERRED INCOME TAXES . . . . . . . . . . . 1,272 1,300 1,339 ------ ------ ------ REGULATORY ASSETS . . . . . . . . . . . . . 64 64 64 ------ ------ ------ DEFERRED CHARGES. . . . . . . . . . . . . . 14 - - ------ ------ ------ TOTAL. . . . . . . . . . . . . . $6,338 $6,628 $6,348 ====== ====== ====== 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 . . . . . . . . . . . . 1,106 1,112 1,118 ------ ------ ------ TOTAL SHAREHOLDER'S EQUITY . . . . 1,606 1,612 1,618 ------ ------ ------ OTHER NONCURRENT LIABILITIES. . . . . . . . 2,293 2,285 2,319 ------ ------ ------ CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . 318 158 88 Affiliated Companies. . . . . . . . . . 357 366 334 Obligations and Capital Leases. . . . . . 214 197 176 Other . . . . . . . . . . . . . . . . . . 1,276 1,332 716 ------ ------ ------ TOTAL CURRENT LIABILITIES. . . . . 2,165 2,053 1,314 ------ ------ ------ REGULATORY LIABILITIES AND DEFERRED CREDITS 274 678 1,097 ------ ------ ------ TOTAL. . . . . . . . . . . . . . $6,338 $6,628 $6,348 ====== ====== ======
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, 2002
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 2002 . . . . . . . . 297,933 36,747 261,186 $4.62 $1,207 ======= ====== ======= ===== ====== February 2002. . . . . . . . 296,623 40,079 256,544 $4.62 $1,184 ======= ====== ======= ===== ====== March 2002 . . . . . . . . . 327,851 42,964 284,887 $4.05 $1,154 ======= ====== ======= ===== ====== * Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light Company and Columbus Southern Power Company, the parent of Conesville Coal Preparation Company.
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF COST OF OPERATION BY MONTH, FOR THE QUARTER ENDED MARCH 31, 2002
Three Months January February March Ended 2002 2002 2002 3/31/02 ------- -------- ------ ------- (in thousands) Labor-UMW*. . . . . . . . . . . . . . . . .$ 159 $ 35 $ 65 $ 259 Benefits-UMW* . . . . . . . . . . . . . . . 114 119 130 363 Office Salaries and Benefits. . . . . . . . 147 82 90 319 Operating Materials . . . . . . . . . . . . 44 41 14 99 Maintenance - Materials and Services. . . . 77 112 10 199 Electricity . . . . . . . . . . . . . . . . 83 78 77 238 Other Billed Services . . . . . . . . . . . 19 24 10 53 Rentals . . . . . . . . . . . . . . . . . . 217 213 250 680 Depreciation. . . . . . . . . . . . . . . . 5 4 4 13 Cleaning Cost Normalization** . . . . . . . 274 404 419 1,097 Other . . . . . . . . . . . . . . . . . . . 60 63 75 198 ------ ------ ------ ------ Total . . . . . . . . . . . . . .$1,199 $1,175 $1,144 $3,518 ====== ====== ====== ====== * 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, 2002
January February March 2002 2002 2002 ------ -------- --------- Clean Coal Deliveries from Conesville Coal Preparation Plant (a) . . . . . . . . . . . . . . $33.12 * $32.17 * $32.41 * ====== ====== ====== 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.