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, 2003 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, 2003 (UNAUDITED)
Three Month Ended Months --------------------------------------- Ended January 31, February 28, March 31, March 31, 2003 2003 2003 2003 ----------- ------------ --------- ------------- (in thousands) OPERATING REVENUES - Services to Parent . . . $ 949 $ 889 $ 962 $2,800 COST OF OPERATION. . . . . 941 888 959 2,788 ------ ------ ------ ------ OPERATING INCOME . . . . . 8 1 3 12 NONOPERATING INCOME. . . . - - 13 13 ------ ------ ------ ------ INCOME BEFORE FEDERAL INCOME TAXES . . . . . . 8 1 16 25 INTEREST CHARGES (CREDIT). (4) (5) 8 (1) FEDERAL INCOME TAXES . . . 6 - 3 9 ------ ------ ------ ------ NET INCOME . . . . . . . . $ 6 $ 6 $ 5 $ 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 MARCH 31, 2003 (UNAUDITED)
January 31, February 28, March 31, 2003 2003 2003 ----------- ------------ ---------- (in thousands) ASSETS MINING PLANT: Mining Plant in Service . . . . . . . . . $1,804 $1,804 $1,804 Accumulated Amortization. . . . . . . . . 1,458 1,462 1,465 ------ ------ ------ NET MINING PLANT . . . . . . . . . 346 342 339 ------ ------ ------ OTHER PROPERTY AND INVESTMENTS. . . . . . . 147 142 137 ------ ------ ------ CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . 4 4 5 Accounts Receivable: General . . . . . . . . . . . . . . . . 26 26 51 Affiliated Companies. . . . . . . . . . 949 889 963 Advances to Affiliates. . . . . . . . . . 1,810 2,089 1,905 Materials and Supplies. . . . . . . . . . 1,364 1,399 1,437 Other . . . . . . . . . . . . . . . . . . 51 46 44 ------ ------ ------ TOTAL CURRENT ASSETS . . . . . . . 4,204 4,453 4,405 ------ ------ ------ DEFERRED INCOME TAXES . . . . . . . . . . . 1,674 1,720 1,773 ------ ------ ------ REGULATORY ASSETS . . . . . . . . . . . . . 3 - - ------ ------ ------ DEFERRED CHARGES. . . . . . . . . . . . . . 88 96 81 ------ ------ ------ TOTAL. . . . . . . . . . . . . . $6,462 $6,753 $6,735 ====== ====== ====== CAPITALIZATION AND LIABILITIES SHAREOWNER'S EQUITY: Common Stock - Par Value $1,000: Authorized - 500 Shares Outstanding - 100 Shares. . . . . . . . $ 100 $ 100 $ 100 Accumulated Other Comprehensive Loss. . . (106) (106) (106) Paid-in Capital . . . . . . . . . . . . . 400 400 400 Retained Earnings . . . . . . . . . . . . 1,176 1,182 1,187 ------ ------ ------ TOTAL SHAREHOLDER'S EQUITY . . . . 1,570 1,576 1,581 ------ ------ ------ OTHER NONCURRENT LIABILITIES. . . . . . . . 3,187 3,245 3,342 ------ ------ ------ CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . 80 85 60 Affiliated Companies. . . . . . . . . . 321 253 207 Taxes Accrued . . . . . . . . . . . . . . 186 256 284 Other . . . . . . . . . . . . . . . . . . 963 1,170 758 ------ ------ ------ TOTAL CURRENT LIABILITIES. . . . . 1,550 1,764 1,309 ------ ------ ------ REGULATORY LIABILITIES AND DEFERRED CREDITS 155 168 503 ------ ------ ------ TOTAL. . . . . . . . . . . . . . $6,462 $6,753 $6,735 ====== ====== ======
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, 2003
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 2003 . . . . . . . . 238,537 47,004 191,533 $4.95 $ 949 ======= ====== ======= ===== ====== February 2003. . . . . . . . 226,099 35,170 190,929 $4.66 $ 889 ======= ====== ======= ===== ====== March 2003 . . . . . . . . . 240,974 32,675 208,299 $4.62 $ 962 ======= ====== ======= ===== ====== * 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, 2003
Three Months January February March Ended 2003 2003 2003 3/31/03 ------- -------- ------ ------- (in thousands) Labor . . . . . . . . . . . . . . . . . . .$ 206 $ 273 $ 192 $ 671 Benefits. . . . . . . . . . . . . . . . . . 128 126 137 391 Operating Materials . . . . . . . . . . . . 53 57 6 116 Maintenance - Materials and Services. . . . 48 105 97 250 Electricity . . . . . . . . . . . . . . . . 93 82 75 250 Other Billed Services . . . . . . . . . . . 60 (1) 45 104 Taxes Other Than Income Tax . . . . . . . . 58 21 8 87 Rentals . . . . . . . . . . . . . . . . . . 188 184 186 558 Depreciation. . . . . . . . . . . . . . . . 2 2 2 6 Cleaning Cost Normalization** . . . . . . . 155 16 333 504 Other . . . . . . . . . . . . . . . . . . . (50) 23 (122) (149) ------- ------ ------- ------- Total . . . . . . . . . . . . . .$ 941 $ 888 $ 959 $2,788 ====== ====== ======== ====== * 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, 2003
January February March 2003 2003 2003 ------ -------- --------- Clean Coal Deliveries from Conesville Coal Preparation Plant (a) . . . . . . . . . . . . . . $34.50 * $36.53 * $33.59 * ====== ====== ====== 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.