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 SEPTEMBER 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 SEPTEMBER 30, 2002 (UNAUDITED)
Three Months Month Ended Ended --------------------------------------- July 31, August 31, September 30, September 30, 2002 2002 2002 2002 -------- ---------- ------------- ------------- (in thousands) OPERATING REVENUES - Services to Parent . . . $556 $772 $ 941 $2,269 COST OF OPERATION. . . . . 547 765 939 2,251 ---- ---- ----- ------ OPERATING INCOME . . . . . 9 7 2 18 NONOPERATING LOSS. . . . . (3) (55) (357) (415) ---- ---- ----- ------ INCOME (LOSS) BEFORE FEDERAL INCOME TAXES . . 6 (48) (355) (397) INTEREST CREDITS . . . . . (6) (5) (3) (14) FEDERAL INCOME TAX EXPENSE (CREDIT) . . . . 6 (49) (358) (401) ---- ---- ----- ------ 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, 2002 (UNAUDITED)
July 31, August 31, September 30, 2002 2002 2002 -------- ---------- ------------- (in thousands) ASSETS MINING PLANT: Mining Plant in Service . . . . . . . . . $1,654 $1,680 $1,680 Accumulated Amortization. . . . . . . . . 1,463 1,493 1,497 ------ ------ ------ NET MINING PLANT . . . . . . . . . 191 187 183 ------ ------ ------ OTHER PROPERTY AND INVESTMENTS. . . . . . . 87 81 170 ------ ------ ------ CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . 4 30 4 Accounts Receivable: General . . . . . . . . . . . . . . . . 20 23 24 Affiliated Companies. . . . . . . . . . 533 753 925 Advances to Affiliates. . . . . . . . . . 2,490 2,262 2,118 Materials and Supplies. . . . . . . . . . 1,602 1,688 1,533 Other . . . . . . . . . . . . . . . . . . 142 136 49 ------ ------ ------ TOTAL CURRENT ASSETS . . . . . . . 4,791 4,892 4,653 ------ ------ ------ DEFERRED INCOME TAXES . . . . . . . . . . . 1,480 1,528 1,577 ------ ------ ------ REGULATORY ASSETS . . . . . . . . . . . . . 3 3 3 ------ ------ ------ DEFERRED CHARGES. . . . . . . . . . . . . . 75 139 133 ------ ------ ------ TOTAL. . . . . . . . . . . . . . $6,627 $6,830 $6,719 ====== ====== ====== 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 . . . . . . . . . . . . 1,141 1,147 1,153 ------ ------ ------ TOTAL SHAREHOLDER'S EQUITY . . . . 1,641 1,647 1,653 ------ ------ ------ OTHER NONCURRENT LIABILITIES. . . . . . . . 2,292 2,309 2,382 ------ ------ ------ CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . 247 255 338 Affiliated Companies. . . . . . . . . . 442 534 355 Obligations Under Capital Leases. . . . . 32 31 37 Other . . . . . . . . . . . . . . . . . . 977 1,313 1,451 ------ ------ ------ TOTAL CURRENT LIABILITIES. . . . . 1,698 2,133 2,181 ------ ------ ------ REGULATORY LIABILITIES. . . . . . . . . . . 996 741 503 ------ ------ ------ TOTAL. . . . . . . . . . . . . . $6,627 $6,830 $6,719 ====== ====== ======
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, 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) July 2002. . . . . . . . . . 196,713 25,025 171,688 $3.24 $556 ======= ====== ======= ===== ==== August 2002. . . . . . . . . 268,821 38,944 229,877 $3.36 $772 ======= ====== ======= ===== ==== September 2002 . . . . . . . 350,090 47,483 302,607 $3.11 $941 ======= ====== ======= ===== ==== * Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light Company and Columbus Southern Power Company, the parent of Conesville Coal Preparation Company.
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF COST OF OPERATION BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 2002
Three Months July August September Ended 2002 2002 2002 9/30/02 ---- ------ --------- ------- (in thousands) Labor-UMW*. . . . . . . . . . . . . . . . .$ 198 $ 275 $ 211 $ 684 Benefits-UMW* . . . . . . . . . . . . . . . 116 114 97 327 Operating Materials . . . . . . . . . . . . 12 10 163 185 Maintenance - Materials and Services. . . . 50 115 177 342 Electricity . . . . . . . . . . . . . . . . - 46 55 101 Other Billed Services . . . . . . . . . . . 31 147 174 352 Taxes Other Than Income Tax . . . . . . . . 16 21 39 76 Rentals . . . . . . . . . . . . . . . . . . 209 220 202 631 Depreciation. . . . . . . . . . . . . . . . 2 2 2 6 Cleaning Cost Normalization** . . . . . . . (156) (256) (237) (649) Other . . . . . . . . . . . . . . . . . . . 69 71 56 196 ----- ----- ----- ------ Total . . . . . . . . . . . . . .$ 547 $ 765 $ 939 $2,251 ===== ===== ===== ====== * 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, 2002
July August September 2002 2002 2002 ---- ------ --------- Clean Coal Deliveries from Conesville Coal Preparation Plant (a) . . . . . . . . . . . . . . $31.53 * $33.00 * $32.22 * ====== ====== ====== 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.