35-CERT 1 ccpcsec.txt FILE NO. 070-7018 CONESVILLE COAL PREPARATION COMPANY QUARTERLY REPORT PER REQUIREMENTS OF HOLDING COMPANY ACT RELEASE NO. 23463 BY MONTH, FOR THE QUARTER ENDED JUNE 30, 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 JUNE 30, 2002 (UNAUDITED)
Three Months Month Ended Ended ------------------------------------ April 30, May 31, June 30, June 30, 2002 2002 2002 2002 --------- ------- -------- -------- (in thousands) OPERATING REVENUES - Services to Parent . . . . . . . $1,127 $843 $797 $2,767 COST OF OPERATION. . . . . . . . . 1,117 836 790 2,743 ------ ---- ---- ------ OPERATING INCOME (LOSS). . . . . . 10 7 7 24 INTEREST CREDITS . . . . . . . . . (1) (5) (5) (11) FEDERAL INCOME TAXES . . . . . . . 6 6 6 18 ------ ---- ---- ------ NET INCOME . . . . . . . . . . . . $ 5 $ 6 $ 6 $ 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 JUNE 30, 2002 (UNAUDITED)
April 30, May 31, June 30, 2002 2002 2002 --------- ------- -------- (in thousands) ASSETS ------ MINING PLANT: Mining Plant in Service . . . . . . . . . . . $2,217 $2,217 $2,217 Accumulated Amortization. . . . . . . . . . . 1,878 1,897 1,917 ------ ------ ------ NET MINING PLANT . . . . . . . . . . . 339 320 300 ------ ------ ------ OTHER PROPERTY AND INVESTMENTS. . . . . . . . . 104 98 92 ------ ------ ------ CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . . . 146 656 6 Accounts Receivable: General . . . . . . . . . . . . . . . . . . 21 21 21 Affiliated Companies. . . . . . . . . . . . 1,071 775 817 Advances to Affiliates. . . . . . . . . . . . 2,500 2,812 2,695 Materials and Supplies. . . . . . . . . . . . 1,391 1,407 1,551 Other . . . . . . . . . . . . . . . . . . . . 120 132 102 ------ ------ ------ TOTAL CURRENT ASSETS . . . . . . . . . 5,249 5,803 5,192 ------ ------ ------ DEFERRED INCOME TAXES . . . . . . . . . . . . . 1,365 1,407 1,431 ------ ------ ------ REGULATORY ASSETS . . . . . . . . . . . . . . . 64 3 3 ------ ------ ------ DEFERRED CHARGES. . . . . . . . . . . . . . . . 505 343 79 ------ ------ ------ TOTAL. . . . . . . . . . . . . . . . $7,626 $7,974 $7,097 ====== ====== ====== CAPITALIZATION AND LIABILITIES ------------------------------ SHAREHOLDER'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 . . . . . . . . . . . . . . 1,123 1,129 1,135 ------ ------ ------ TOTAL SHAREHOLDER'S EQUITY . . . . . . 1,623 1,629 1,635 ------ ------ ------ OTHER NONCURRENT LIABILITIES. . . . . . . . . . 2,323 2,268 2,273 ------ ------ ------ CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . . . 323 138 379 Affiliated Companies. . . . . . . . . . . . 425 756 607 Obligations and Capital Leases. . . . . . . 161 152 137 Other . . . . . . . . . . . . . . . . . . . . 1,178 1,925 913 ------ ------ ------ TOTAL CURRENT LIABILITIES. . . . . . . 2,087 2,971 2,036 ------ ------ ------ REGULATORY LIABILITIES & DEFERRED CREDITS . . . 1,593 1,106 1,153 ------ ------ ------ TOTAL. . . . . . . . . . . . . . . . $7,626 $7,974 $7,097 ====== ====== ======
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF QUANTITIES OF COAL PROCESSED AND CUSTOMER BILLINGS FOR COAL WASHING SERVICES BY MONTH, FOR THE QUARTER ENDED JUNE 30, 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) April 2002. . . . . . . . . . 321,279 28,267 293,012 $3.85 $1,127 ======= ====== ======= ===== ====== May 2002. . . . . . . . . . . 322,890 36,859 286,031 $2.95 $ 843 ======= ====== ======= ===== ====== June 2002 . . . . . . . . . . 290,115 29,986 260,129 $3.06 $ 797 ======= ====== ======= ===== ====== * 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 JUNE 30, 2002
Three Months April May June Ended 2002 2002 2002 6/30/01 ----- ---- ---- ------- (in thousands) Labor-UMW*. . . . . . . . . . . . . . . . . . $ 290 $ 156 $ 221 $ 667 Benefits-UMW* . . . . . . . . . . . . . . . . 77 222 110 409 Operating Materials . . . . . . . . . . . . . 1,017 (2,168) 11 (1,140) Maintenance - Materials and Services. . . . . 50 67 98 215 Electricity . . . . . . . . . . . . . . . . . 77 74 60 211 Other Billed Services . . . . . . . . . . . . 5 9 121 135 Taxes Other Than Income Tax . . . . . . . . . 23 15 17 55 Rentals . . . . . . . . . . . . . . . . . . . 32 390 211 633 Depreciation. . . . . . . . . . . . . . . . . 2 2 2 6 Cleaning Cost Normalization** . . . . . . . . (603) 1,707 47 1,151 Other . . . . . . . . . . . . . . . . . . . . 146 362 (107) 401 ------ ------- ----- ------- Total . . . . . . . . . . . . . . . $1,116 $ 836 $ 791 $ 2,743 ====== ======= ===== ======= * 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 JUNE 30, 2002
April May June 2002 2002 2002 ----- ---- ---- Clean Coal Deliveries from Conesville Coal Preparation Plant (a) . . . . . . . . . . . . . . . . $29.44 * $30.50 * $29.86 * ====== ====== ====== 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.