35-CERT 1 ccpcsec1.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 DECEMBER 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 DECEMBER 31, 2002 (UNAUDITED)
Three Month Ended Months --------------------------------------- Ended October 31, November 30, December 31, December 31, 2002 2002 2002 2002 ----------- ------------ ------------ ------------ (in thousands) OPERATING REVENUES - Services to Parent . . . . . . . . $915 $575 $886 $2,376 COST OF OPERATION. . . . . . . . . . 921 567 830 2,318 ---- ---- ---- ------ OPERATING INCOME . . . . . . . . . . (6) 8 56 58 NONOPERATING INCOME. . . . . . . . . 413 - - 413 ---- ---- ---- ------ INCOME BEFORE FEDERAL INCOME TAXES . 407 8 56 471 INTEREST CHARGES (CREDIT) (6) (4) 10 - FEDERAL INCOME TAXES ON OPERATIONS . 407 6 40 453 ---- ---- ---- ------ 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 DECEMBER 31, 2002 (UNAUDITED)
October 31, November 30, December 31, 2002 2002 2002 ----------- ------------ ------------ (in thousands) ASSETS MINING PLANT: Mining Plant in Service . . . . . . . . . . . . $1,611 $1,611 $1,804 Accumulated Amortization. . . . . . . . . . . . 1,444 1,450 1,453 ------ ------ ------ NET MINING PLANT . . . . . . . . . . . . 167 161 351 ------ ------ ------ OTHER PROPERTY AND INVESTMENTS. . . . . . . . . . 161 156 151 ------ ------ ------ CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . . . . 5 6 4 Accounts Receivable: General . . . . . . . . . . . . . . . . . . . 31 28 28 Affiliated Companies. . . . . . . . . . . . . 893 576 902 Advances to Affiliates. . . . . . . . . . . . . 2,276 2,278 1,995 Materials and Supplies. . . . . . . . . . . . . 1,271 1,309 1,346 Other . . . . . . . . . . . . . . . . . . . . . 32 24 15 ------ ------ ------ TOTAL CURRENT ASSETS . . . . . . . . . . 4,508 4,221 4,290 ------ ------ ------ DEFERRED FEDERAL INCOME TAXES . . . . . . . . . . 1,647 1,692 1,568 ------ ------ ------ REGULATORY ASSETS . . . . . . . . . . . . . . . . 3 3 3 ------ ------ ------ DEFERRED CHARGES. . . . . . . . . . . . . . . . . 138 132 26 ------ ------ ------ TOTAL. . . . . . . . . . . . . . . . . $6,624 $6,365 $6,389 ====== ====== ====== 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 . . . . . . . . . . . . . . . 1,158 1,164 1,170 ------ ------ ------ TOTAL SHAREHOLDER'S EQUITY . . . . . . . 1,658 1,664 1,670 ------ ------ ------ OTHER NONCURRENT LIABILITIES. . . . . . . . . . . 2,445 2,511 2,940 ------ ------ ------ CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . . . . 128 110 67 Affiliated Companies. . . . . . . . . . . . . 384 378 634 Accrued Rent. . . . . . . . . . . . . . . . . . 27 26 25 Other . . . . . . . . . . . . . . . . . . . . . 1,511 1,441 1,053 ------ ------ ------ TOTAL CURRENT LIABILITIES. . . . . . . . 2,050 1,955 1,779 ------ ------ ------ REGULATORY LIABILITIES AND DEFERRED CREDITS . . . 471 235 - ------ ------ ------ TOTAL. . . . . . . . . . . . . . . . . $6,624 $6,365 $6,389 ====== ====== ======
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF QUANTITIES OF COAL PROCESSED AND CUSTOMER BILLINGS FOR COAL WASHING SERVICES BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 2002
Services Rendered to Columbus Southern Raw Clean Power Company's Coal Coal Service Conesville Plant* Input Rejects Output Unit Price Billings ---------------- ------- ------- ------ ---------- -------- (Month/Year) (tons) (tons) (tons) (per ton) (000) October 2002 . . . . . . . . 353,935 34,466 319,469 $2.86 $915 ======= ====== ======= ===== ==== November 2002. . . . . . . . 296,779 40,185 256,594 $2.24 $575 ======= ====== ======= ===== ==== December 2002. . . . . . . . 303,026 40,999 262,027 $3.38 $886 ======= ====== ======= ===== ==== * 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 DECEMBER 31, 2002
Three Months October November December Ended 2002 2002 2002 12/31/02 ------- -------- -------- -------- (in thousands) Labor . . . . . . . . . . . . . . . . . . . . . $235 $208 $ 314 $ 757 Benefits. . . . . . . . . . . . . . . . . . . . 107 134 152 393 Operating Materials . . . . . . . . . . . . . . 22 26 14 62 Maintenance - Materials and Services. . . . . . 163 94 76 333 Electricity . . . . . . . . . . . . . . . . . . 63 71 73 207 Other Billed Services . . . . . . . . . . . . . 19 12 75 106 Taxes other than Income Tax . . . . . . . . . . 18 15 16 49 Rent. . . . . . . . . . . . . . . . . . . . . . 256 204 202 662 Depreciation. . . . . . . . . . . . . . . . . . 2 2 2 6 Cleaning Cost Normalization*. . . . . . . . . . (30) (236) (235) (501) Other . . . . . . . . . . . . . . . . . . . . . 66 37 141 244 ---- ---- ---- ------ Total . . . . . . . . . . . . . . . . . . $921 $567 $830 $2,318 ==== ==== ==== ====== * Represents the deferral/accrual required to establish revenue based on fore- casted 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 DECEMBER 31, 2002
October November December 2002 2002 2002 ------- -------- -------- Clean Coal Deliveries from Conesville Coal Preparation Plant (a) . . . . . . . . . . . . . . . . $31.17 * $31.47 * $31.18 * ====== ====== ====== 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.