35-CERT 1 ccpcsec.txt FILE NO. 070-07018 CONESVILLE COAL PREPARATION COMPANY QUARTERLY REPORT PER REQUIREMENTS OF HOLDING COMPANY ACT RELEASE NO. 23463 BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 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 SEPTEMBER 30, 2003 (UNAUDITED)
Three Months Month Ended Ended --------------------------------------- July 31, August 31, September 30, September 30, 2003 2003 2003 2003 -------- ---------- ------------- ------------- (in thousands) OPERATING REVENUES - Services to Parent . . . $523 $787 $ 795 $2,105 COST OF OPERATION. . . . . 518 776 788 2,082 ---- ---- ----- ------ OPERATING INCOME . . . . . 5 11 7 23 NONOPERATING INCOME (LOSS) 7 (3) 2 6 ---- ---- ----- ------ INCOME BEFORE FEDERAL INCOME TAXES . . 12 8 9 29 INTEREST CREDITS . . . . . 4 - - 4 FEDERAL INCOME TAXES . . . 3 2 _ 3 8 ---- ---- ----- ------ 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 SEPTEMBER 30, 2003 (UNAUDITED)
July 31, August 31, September 30, 2003 2003 2003 -------- ---------- ------------- (in thousands) ASSETS MINING PLANT: Mining Plant in Service . . . . . . . . . $1,788 $1,795 $1,765 Accumulated Amortization. . . . . . . . . 1,487 1,491 1,454 ------ ------ ------ NET MINING PLANT . . . . . . . . . 301 304 311 ------ ------ ------ OTHER PROPERTY AND INVESTMENTS. . . . . . . 117 112 107 ------ ------ ------ CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . 2 2 2 Accounts Receivable: General . . . . . . . . . . . . . . . . 24 24 24 Affiliated Companies. . . . . . . . . . 523 788 796 Advances to Affiliates. . . . . . . . . . 2,449 2,245 2,120 Materials and Supplies. . . . . . . . . . 1,467 1,510 1,389 Other . . . . . . . . . . . . . . . . . . 34 33 36 ------ ------ ------ TOTAL CURRENT ASSETS . . . . . . . 4,499 4,602 4,367 ------ ------ ------ DEFERRED INCOME TAXES . . . . . . . . . . . 1,876 1,915 1,954 ------ ------ ------ DEFERRED CHARGES. . . . . . . . . . . . . . 119 122 92 ------ ------ ------ TOTAL. . . . . . . . . . . . . . $6,912 $7,055 $6,831 ====== ====== ====== 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 . . . . . . . . . . . . 1,210 1,216 1,222 ------ ------ ------ TOTAL SHAREHOLDER'S EQUITY . . . . 1,604 1,610 1,616 ------ ------ ------ OTHER NONCURRENT LIABILITIES. . . . . . . . 3,551 3,606 3,661 ------ ------ ------ CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . 85 256 44 Affiliated Companies. . . . . . . . . . 42 53 87 Taxes Accrued . . . . . . . . . . . . . . 162 215 435 Other . . . . . . . . . . . . . . . . . . 620 721 574 ------ ------ ------ TOTAL CURRENT LIABILITIES. . . . . 909 1,245 1,140 ------ ------ ------ REGULATORY LIABILITIES. . . . . . . . . . . 848 594 414 ------ ------ ------ TOTAL. . . . . . . . . . . . . . $6,912 $7,055 $6,831 ====== ====== ======
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, 2003
Services Rendered to Columbus Southern Raw Clean Power Company's Coal Coal Average Conesville Plant* Input Rejects Output Unit Price Amount ---------------- ------- ------- ------ ---------- ------ (Month/Year) (tons) (tons) (tons) (per ton) (000) July 2003. . . . . . . . . . 157,156 16,891 140,265 $3.73 $523 ======= ====== ======= ===== ==== August 2003. . . . . . . . . 254,435 33,366 221,069 $3.56 $787 ======= ====== ======= ===== ==== September 2003 . . . . . . . 248,839 33,723 215,116 $3.70 $795 ======= ====== ======= ===== ==== * Jointly owned by Cincinnati Gas & Electric Company, Dayton Power & Light Company and Columbus Southern Power Company, the parent of Conesville Coal Preparation Company.
CONESVILLE COAL PREPARATION COMPANY STATEMENTS OF COST OF OPERATION BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 2003
Three Months July August September Ended 2003 2003 2003 9/30/03 ---- ------ --------- ------- (in thousands) Labor-UMW*. . . . . . . . . . . . . . . . .$ 199 $ 194 $ 215 $ 608 Benefits-UMW* . . . . . . . . . . . . . . . 121 113 125 359 Operating Materials . . . . . . . . . . . . 3 4 99 106 Maintenance - Materials and Services. . . . 209 274 159 642 Electricity . . . . . . . . . . . . . . . . 57 39 52 148 Other Billed Services . . . . . . . . . . . 36 168 61 265 Taxes Other Than Income Tax . . . . . . . . 20 15 15 50 Rentals . . . . . . . . . . . . . . . . . . 200 200 200 600 Depreciation. . . . . . . . . . . . . . . . 2 2 2 6 Cleaning Cost Normalization** . . . . . . . (342) (254) (180) (776) Other . . . . . . . . . . . . . . . . . . . 13 21 40 74 ----- ----- ----- ------ Total . . . . . . . . . . . . . .$ 518 $ 776 $ 788 $2,082 ===== ===== ===== ====== * 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, 2003
July August September 2003 2003 2003 ---- ------ --------- Clean Coal Deliveries from Conesville Coal Preparation Plant (a) . . . . . . . . . . . . . . $31.79 * $32.85 * $32.72 * ====== ====== ====== 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.