-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, TjbplC6dKPdNuRprdIEEX504mkI6kxrFl4NcAMGyhdDW1HVuqjpp2acBfrao7q4n tklVyfMUgYahhqigN10jOQ== 0000787250-94-000002.txt : 19940302 0000787250-94-000002.hdr.sgml : 19940302 ACCESSION NUMBER: 0000787250-94-000002 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DPL INC CENTRAL INDEX KEY: 0000787250 STANDARD INDUSTRIAL CLASSIFICATION: 4931 IRS NUMBER: 311163136 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 35 SEC FILE NUMBER: 069-00247 FILM NUMBER: 94513325 BUSINESS ADDRESS: STREET 1: COURTHOUSE PLZ SW CITY: DAYTON STATE: OH ZIP: 45402 BUSINESS PHONE: 5132246000 MAIL ADDRESS: STREET 1: PO BOX 8825 CITY: DAYTON STATE: OH ZIP: 45401 U-3A-2 1 DPL INC 1993 U-3A-2 [As adopted November 9, 1939; amended in Release No. 35-25746(85,116), effective November 1, 1993, 58 F.R. 14999; and Release No. 35-25886 (85,226), effective November 1, 1993, 58 F.R. 51488.] File No. 69-247 --------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U-3A-2 STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 To Be Filed Annually Prior to March 1 DPL INC. --------------------------------------------- (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: 1. Name, State of organization, location and nature of business of claimant and every subsidiary thereof, other than any exempt wholesale generator ("EWG") or foreign utility company in which claimant directly or indirectly holds an interest. DPL Inc., an Ohio corporation ("Claimant"), organized on September 16, 1985. Claimant's principal executive office is located at Courthouse Plaza Southwest, Dayton, Ohio 45402. Claimant's business is the holding of all of the outstanding Common Shares of The Dayton Power and Light Company ("DP&L") and the common shares of the subsidiaries set forth and described herein. Claimant is solely a holding company and is not actively engaged in any other business. Claimant holds shares in the following subsidiaries: (1) DP&L, an Ohio corporation organized on March 23, 1911, is engaged in the business of generating, transmitting and selling electric energy and distributing natural gas to residential, commercial, industrial and governmental customers in the City of Dayton, Ohio and neighboring cities, towns and communities, and adjacent rural areas, all within the State of Ohio. DP&L's electricity and natural gas service areas cover 24 counties and 16 counties, respectively, in West Central Ohio. DP&L also produces, distributes and sells steam in downtown Dayton for heating and industrial processing. DP&L's principal executive office is located at Courthouse Plaza Southwest, Dayton, Ohio 45402. DP&L holds shares in the following subsidiaries: (a) MacGregor Park, Inc. ("MPI"), an Ohio corporation organized on May 1, 1986, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402. MPI owns and is a developer of a parcel of real estate. MPI is a wholly-owned subsidiary of DP&L. (b) DP&L Community Urban Redevelopment Corporation ("DCURC"), an Ohio corporation organized on June 6, 1975, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402. DCURC is engaged in the office space leasing business. DCURC owns an eleven story building and leases space to DP&L and others. DCURC is a wholly-owned subsidiary of DP&L. -1- (c) Miami Valley Equipment, Inc. ("MVE"), an Ohio corporation organized on May 1, 1986, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402, and which presently owns no property and conducts no business. MVE is a wholly-owned subsidiary of DP&L. (2) Miami Valley CTC, Inc. ("MVCTC"), an Ohio corporation organized on May 1, 1986, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402, which owns an airplane, a helicopter and an interest in CTC of Dayton Partnership No. 1 ("CTC"), a partnership described herein. MVCTC is a wholly-owned subsidiary of Claimant. (a) CTC is an Ohio general partnership organized on September 30, 1981 and having its principal executive office at 3700 McCauley Drive, Vandalia, Ohio 45377, and is a party to a service agreement pursuant to which CTC provides transportation services to DP&L and another unaffiliated Dayton-based company. MVCTC owns a one-half interest in CTC. (3) Miami Valley Leasing, Inc. ("MVL"), an Ohio corporation organized on May 1, 1986, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402. MVL leases vehicles and miscellaneous communications equipment, owns real estate, and has, for financial investment purposes, purchased securities in an unaffiliated energy development company. MVL is a wholly-owned subsidiary of Claimant. (4) Miami Valley Resources, Inc. ("MVR"), an Ohio corporation organized on May 1, 1986, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402. MVR is engaged in the natural gas supply management business. MVR is a wholly-owned subsidiary of Claimant. (5) Miami Valley Lighting, Inc. ("MVLT"), an Ohio corporation organized on May 1, 1986, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402. MVLT owns a street lighting business. MVLT is a wholly-owned subsidiary of Claimant. (6) Miami Valley Development Company ("MVDC"), an Ohio corporation organized on May 1, 1963, and having its principal executive office at Courthouse Plaza -2- Southwest, Dayton, Ohio 45402. MVDC holds shares of Energy Innovations, Inc. ("EII") described herein. MVDC is a wholly-owned subsidiary of Claimant. (a) EII is an Ohio corporation organized on December 18, 1985, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402. EII is engaged in the business of technology research and development. MVDC owns 100% of the outstanding shares of EII. (7) Miami Valley Insurance Company ("MVIC"), a Vermont corporation organized on March 16, 1987, and having its principal executive office at Crosstown Road, Montpelier, Vermont 05602. MVIC is engaged in the business of providing insurance to the Claimant and its principal subsidiary, DP&L. MVIC is a wholly-owned subsidiary of Claimant. 2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the generation, transmission, and distribution of electric energy for sale, or for the production, transmission, and distribution of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing fields, gas manufacturing plants, and electric and gas distribution facilities, including all such properties which are outside the State in which claimant and its subsidiaries are organized and all transmission or pipelines which deliver or receive electric energy or gas at the borders of such State. DP&L is the only one of Claimant's subsidiaries that owns property used for the generation, transmission and distribution of electric energy for sale, and for the production, transmission and distribution of natural or manufactured gas. DP&L's electricity and natural gas service areas lie wholly within the State of Ohio. DP&L's present generating facilities have a winter generating capability of 3,053,000 KW. Of this capability, 2,843,000 KW (approximately 93%) is derived from coal-fired steam generating stations and the balance consists of combustion turbine and diesel-powered peaking units. Approximately 87% (2,472,000 KW) of the existing steam generating capacity is provided by certain units owned as tenants in common with The Cincinnati Gas & Electric Company ("CG&E") or with CG&E and Columbus Southern Power Company ("CSP"). The remaining steam generating capacity (371,000 KW) is derived from a generating station owned solely by DP&L. The following table describes DP&L's generating facilities. -3- MW Rating --------------- Owner- Operating DP&L Station ship* Company Location Portion Total - ------- ----- --------- ----------------- ------- ----- Coal Units - ---------- Hutchings W DP&L Miamisburg, OH 371 371 Killen C DP&L Wrightsville, OH 402 600 Stuart C DP&L Aberdeen, OH 820 2,340 Beckjord -Unit 6 C CG&E New Richmond,OH 210 420 Conesville -Unit 4 C CSP Conesville, OH 129 780 Miami Fort -Units 7&8 C CG&E North Bend, OH 360 1,000 East Bend -Unit 2 C CG&E Rabbit Hash, KY 186 600 Zimmer C CG&E Moscow, OH 365 1,300 Combustion Turbines or Diesel - ----------------------------- Hutchings W DP&L Miamisburg, OH 32 32 Yankee St. W DP&L Centerville, OH 144 144 Monument W DP&L Dayton, OH 12 12 Tait W DP&L Dayton, OH 10 10 Sidney W DP&L Sidney, OH 12 12 * W - Wholly Owned; C - Commonly Owned DP&L's electric transmission and distribution lines owned and in service as of December 31, 1993 were as follows: Overhead Lines Underground Lines Nominal Voltage Circuit Miles Cable Miles - --------------- -------------- ----------------- 345 KV 414* 0 138 KV 338 3 69 KV 933 1 33 KV 80 0 Less than 33 KV 33,183 3,869 - --------------- ------ ------ Total Miles 34,948 3,873 - --------------- * This figure includes 126 circuit miles of 345 KV lines wholly-owned by DP&L and DP&L's portion (287 circuit miles) of 847 circuit miles of 345 KV lines owned as tenants in common with CG&E and CSP. -4- DP&L wholly owns and operates 145 substations with a total capacity of 11,814,000 KVA and owns and operates 15 substations as tenants in common with CG&E and CSP. The commonly owned substations have a total capacity of 8,321,000 KVA, of which 2,890,000 KVA is DP&L's equivalent share. DP&L's electric transmission lines have interconnections with the lines of Ohio Power Company, CSP, CG&E, Ohio Edison Company and Ohio Valley Electric Corporation, through which DP&L has access to interstate electric energy markets. Exhibits B and C attached hereto show the location of certain major generating plants and principal transmission lines of DP&L. DP&L's natural gas distribution system delivers gas in 16 counties in Ohio. DP&L has long term natural gas purchase agreements with various producers and long term firm transportation and storage agreements with Columbia Gas Transmission Corporation ("Columbia"), Columbia Gulf Transmission Corporation ("Columbia Gulf"), Texas Gas Transmission Corporation ("Texas Gas"), Panhandle Eastern Pipe Line Company ("Panhandle") and ANR Pipeline Company ("ANR"). DP&L also has taken advantage of interruptible transportation agreements it has with ANR, Columbia, Columbia Gulf, Consolidated Gas Transmission, Tenneco Gas Pipeline, Texas Eastern Transmission, Texas Gas, Panhandle and Trunkline Gas Company to receive spot natural gas purchased through direct market arrangements. DP&L is also interconnected with CNG Transmission Corporation and Texas Eastern Transmission Corporation. For peak shaving purposes, DP&L maintains and operates four propane-air plants with a daily rated capacity of approximately 67,500 thousand cubic feet ("MCF") of natural gas. Exhibit D attached hereto outlines DP&L's gas distribution system, which is entirely within the State of Ohio. 3. The following information for the last calendar year with respect to claimant and each of its subsidiary public utility companies: (a) Number of kwh. of electric energy sold (at retail or wholesale), and Mcf. of natural or manufactured gas distributed at retail. Claimant DP&L -------- ---- None 14,675,549,000 KWH; 43,481,035 MCF -5- (b) Number of kwh. of electric energy and Mcf. of natural or manufactured gas distributed at retail outside the State in which each such company is organized. Claimant DP&L -------- ---- None None (c) Number of kwh. of electric energy and Mcf. of natural or manufactured gas sold at wholesale outside the State in which each such company is organized, or at the State line. Claimant DP&L -------- ---- None 416,194,000 KWH; 0 MCF (d) Number of kwh. of electric energy and Mcf. of natural or manufactured gas purchased outside the State in which each such company is organized or at the State line. Claimant DP&L -------- ---- None 647,110,000 KWH; 43,890,827 MCF 4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars: (a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas. None (b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. None -6- (c) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company. None (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. None (e) Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). None -7- Exhibit Index Page ---- Exhibit A - Consolidating Financial Statements for 11 twelve months ended December 31, 1993 Exhibit A-1 - Non-Utility Consolidating Financial 21 Statements for twelve months ended December 31, 1993 Exhibit B - Chart showing the relationship of each EWG NA or foreign utility company to Claimant Exhibit C - Map showing location of certain major 54 electric generating plants, transmission substations and 765 KV and 345 KV transmission lines owned by DP&L or interconnected with DP&L's electric system Exhibit D - Map showing location of a major electric 55 generation plant, certain major transmission substations and 345 KV and 138 KV transmission lines within DP&L's service territory Exhibit E - Map showing location of certain major 56 natural gas transmission and distribution lines within DP&L's service territory -8- EXHIBIT A A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of such calendar year. Consolidating financial statements for the twelve months ended December 31, 1993 are attached as Exhibit A. Non-utility consolidating financial statements for the twelve months ended December 31, 1993 are attached as Exhibit A-1. EXHIBIT B An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. Item No. Caption Heading 1 Total Assets 2 Total Operating Revenues 3 Net Income Not Applicable -9- The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 25th day of February, 1994. DPL Inc. ---------------------------------- (Name of claimant) By Thomas M. Jenkins -------------------------------- Thomas M. Jenkins Group Vice President and Treasurer Attest: Stephen F. Koziar, Jr. - ---------------------------------------- Stephen F. Koziar, Jr. Group Vice President and General Counsel Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: Stephen F. Koziar, Jr., Group Vice President and General Counsel - ---------------------------------------------------------------- (Name) (Title) Courthouse Plaza Southwest, Dayton, Ohio 45402 - ---------------------------------------------------------------- (Address) -10- EX-1 2 EXHIBIT A
EXHIBIT A DPL INC. Page 1 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1993 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ************************************************************************************************************** Electric Revenue 0 901,319,895 0 (2,396,118) 898,923,777 Gas Revenue 0 245,078,681 0 0 245,078,681 Steam Revenue 0 7,295,750 0 0 7,295,750 -------------------------------------------------------------------------------- Utility Service Revenue 0 1,153,694,327 0 (2,396,118) 1,151,298,209 Other Income 138,169,294 1,157,991 21,108,483 (146,645,326) 13,790,442 -------------------------------------------------------------------------------- Total Operating Revenue 138,169,294 1,154,852,318 21,108,483 (149,041,444) 1,165,088,651 Fuel - Electric 0 205,336,815 0 0 205,336,815 Fuel Clause Adj - Elec 0 (1,403,923) 0 0 (1,403,923) Fuel - Steam 0 2,122,642 0 0 2,122,642 Purchased Power 0 20,578,700 0 0 20,578,700 Gas Purchased for Resale 0 156,351,888 0 0 156,351,888 -------------------------------------------------------------------------------- Total Energy Expense 0 382,986,122 0 0 382,986,122 Operating Expense 545,725 178,519,477 12,790,344 (9,723,342) 182,132,204 Maintenance Expense 0 89,645,961 1,173,920 (648,808) 90,171,073 Depreciation & Amortization 0 108,998,452 1,904,528 0 110,902,980 Property Taxes 0 56,063,123 141,230 0 56,204,353 Exise Tax 0 47,014,386 0 0 47,014,386 Other Federal Taxes 0 6,790,741 0 0 6,790,741 State & Other Taxes 47,009 1,819,517 174,377 0 2,040,903 -------------------------------------------------------------------------------- Total Operating Expense 592,734 871,837,779 16,184,400 (10,372,150) 878,242,763 -------------------------------------------------------------------------------- Operating Income Before Tax 137,576,560 283,014,539 4,924,083 (138,669,294) 286,845,888 Federal Income Taxes 2,944,040 51,689,721 3,155,616 (170,000) 57,619,377 Federal Inc Tax-Oth Inc & Ded 0 2,431,561 0 0 2,431,561 Deferred Income Taxes (2,566,970) 19,286,357 (2,365,620) 0 14,353,767 Deferred Inc Tax-Oth Inc & Ded 0 2,800,616 0 0 2,800,616 State Income Taxes 506,820 183,825 482,006 0 1,172,651 -------------------------------------------------------------------------------- Total Income Taxes 883,890 76,392,080 1,272,003 (170,000) 78,377,973 -------------------------------------------------------------------------------- Operating Income After Tax 136,692,669 206,622,459 3,652,080 (138,499,294) 208,467,914
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EXHIBIT A DPL INC. Page 2 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1993 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ************************************************************************************************************** Interest - First Mortgage Bonds 0 84,601,684 0 0 84,601,684 Interest - Other Long Term Debt 0 (101,026) 0 0 (101,026) Other Interest Expense 574,282 11,481,985 1,844,616 (2,906,405) 10,994,478 Amortization of Issue Costs 58,574 1,425,732 0 0 1,484,306 -------------------------------------------------------------------------------- Total Interest Charges 632,856 97,408,376 1,844,616 (2,906,405) 96,979,443 Preferred Stock Dividends 0 8,707,912 0 0 8,707,912 Other Deductions 5,000 2,263,834 268,935 0 2,537,769 Interest Income (2,926,293) (10,370,224) (3,262,676) 4,146,121 (12,413,072) -------------------------------------------------------------------------------- Total Div & Other Deductions (2,921,293) 601,523 (2,993,741) 4,146,121 (1,167,390) -------------------------------------------------------------------------------- Net Operating Income 138,981,106 108,612,561 4,801,204 (139,739,010) 112,655,861 AFDC - Equity 0 245,326 0 0 245,326 AFDC - Debt 0 292,750 0 0 292,750 Regulatory Deferrals 0 25,787,169 0 0 25,787,169 -------------------------------------------------------------------------------- Total Other Income 0 26,325,245 0 0 26,325,245 -------------------------------------------------------------------------------- Net Income 138,981,106 134,937,805 4,801,204 (139,739,010) 138,981,105 ================================================================================
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EXHIBIT A DPL INC. Page 1 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1993 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ************************************************************************************************************** Electric Property & Plant 0 2,923,841,775 0 0 2,923,841,775 Killen Post In Service AFC 0 25,954,072 0 0 25,954,072 Gas Property & Plant 0 240,125,892 0 0 240,125,892 Steam Property & Plant 0 14,767,865 0 0 14,767,865 Other Property 0 17,210,434 32,041,801 0 49,252,235 -------------------------------------------------------------------------------- Property & Plant 0 3,221,900,038 32,041,801 0 3,253,941,839 Construction Work in Progress 0 35,824,685 0 0 35,824,685 Accumulated Depr & Amort 0 (950,546,136) (17,437,805) 0 (967,983,941) Killen AFC Accumulated Depr 0 (9,217,240) 0 0 (9,217,240) -------------------------------------------------------------------------------- Total Accum Depr & Amort 0 (959,763,376) (17,437,805) 0 (977,201,181) -------------------------------------------------------------------------------- Net Property & Plant 0 2,297,961,347 14,603,996 0 2,312,565,343 Cash 877,551 (521,703) 159,673 0 515,521 Temporary Investments 16,251,975 6,501,317 58,370,747 0 81,124,039 -------------------------------------------------------------------------------- Cash & Temporary Investments 17,129,526 5,979,614 58,530,419 0 81,639,559 Accounts Receivable 15,234,178 109,263,125 12,090,285 (22,412,147) 114,175,441 Uncollectible Reserve 0 (9,121,652) 0 0 (9,121,652) Accrued Unbilled Revenue 0 29,971,638 0 0 29,971,638 -------------------------------------------------------------------------------- Accounts Receivable (Net) 15,234,178 130,113,111 12,090,285 (22,412,147) 135,025,427 Fuel Stock 0 53,142,165 0 0 53,142,165 Materials & Supplies 0 32,213,488 1,030,289 0 33,243,777 Prepayments 0 22,540,976 15,060 (3,301,832) 19,254,204 Gas Adjustment Clause 0 23,052,017 0 0 23,052,017 Other Current Assets 0 22,333,909 148,238 0 22,482,147 Deferred State & Local Taxes 0 72,750,712 0 0 72,750,712 -------------------------------------------------------------------------------- Inventory, Prepayments & Other 0 226,033,266 1,193,587 (3,301,832) 223,925,022 -------------------------------------------------------------------------------- Total Current Assets 32,363,704 362,125,992 71,814,291 (25,713,979) 440,590,008 Investments 1,113,527,617 3,739,857 15,249,474 (1,116,550,295) 15,966,653 Unamortized Debt Expense 561,948 10,553,028 0 0 11,114,976 Regulatory Asset 0 269,143,861 0 0 269,143,861 Phase-In Deferral 0 85,771,211 0 0 85,771,211 DSM Deferral 0 23,294,135 0 0 23,294,135 Deferred Zimmer Costs 0 63,766,374 0 0 63,766,374 Deferred PIP 0 (8,878,311) 0 0 (8,878,311) Other Deferred Charges (1,309) 86,960,195 1,983,148 (17,138,380) 71,803,654 Unamortized Loss Reacq Debt 0 13,670,337 0 0 13,670,337 Non-Utility Property - Electric 0 6,221,596 0 0 6,221,596
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EXHIBIT A DPL INC. Page 2 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1993 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ************************************************************************************************************** -------------------------------------------------------------------------------- Deferred Charges & Other 1,114,088,256 554,242,284 17,232,622 (1,133,688,675) 551,874,486 -------------------------------------------------------------------------------- Total Assets 1,146,451,960 3,214,329,623 103,650,909 (1,159,402,654) 3,305,029,837 ================================================================================ Accounts Payable 8,757,427 113,742,412 12,987,374 (22,412,147) 113,075,066 Notes - Banks & Other 0 29,962,127 24,268,371 (29,073,845) 25,156,653 Current Portion - Preferred St 0 4,250,000 0 0 4,250,000 Current Portion - First Mort Bond 0 4,730,000 0 0 4,730,000 -------------------------------------------------------------------------------- Short-Term Debt 0 38,942,127 24,268,371 (29,073,845) 34,136,653 Accrued Income Taxes 318,663 453,595 370,424 0 1,142,682 Accrued Property Taxes 0 112,960,765 22,374 0 112,983,139 Other Accrued Taxes 0 203,293 59,392 0 262,685 -------------------------------------------------------------------------------- Accrued Taxes 318,663 113,617,653 452,190 0 114,388,506 Accrued Interest 3,249,450 21,088,553 0 0 24,338,003 Current Def Inc Tax - Assets 0 (11,780,498) 0 0 (11,780,498) Current Def Inc Tax - Liabilities 0 25,211,161 0 0 25,211,161 Deferred Electric Fuel 0 9,276,417 0 0 9,276,417 Gas Supplier Refunds 0 5,734,409 0 0 5,734,409 Other Current Liabilities 45,386 22,755,071 3,337,320 (3,301,832) 22,835,945 -------------------------------------------------------------------------------- Other Current Liabilities 45,386 51,196,560 3,337,320 (3,301,832) 51,277,434 -------------------------------------------------------------------------------- Total Current Liabilities 12,370,926 338,587,304 41,045,255 (54,787,824) 337,215,660 Other Deferred Credits 0 76,589,510 40,533,722 0 117,123,232 Regulatory Liability 0 3,162,053 0 0 3,162,053 -------------------------------------------------------------------------------- Deferred Credits & Other 0 79,751,563 40,533,722 0 120,285,285 Unamort Investment Tax Credit 0 84,857,500 281,200 0 85,138,700 Accum Def Inc Tax-Property 0 451,944,853 (62,499) 0 451,882,354 Accum Def Inc Tax-Assets (2,566,970) (80,159,629) (14,253,383) 0 (96,979,982) Accum Def Inc Tax-Liabilities 0 164,416,443 0 0 164,416,443 -------------------------------------------------------------------------------- Deferred Income Taxes (2,566,970) 621,059,168 (14,034,683) 0 604,457,515 -------------------------------------------------------------------------------- Total Liabilities 9,803,955 1,039,398,035 67,544,293 (54,787,824) 1,061,958,459 ================================================================================
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EXHIBIT A DPL INC. Page 3 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1993 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ************************************************************************************************************** Common Stock 1,035,100 411,722 127,000 (538,722) 1,035,100 Other Paid-In Capital 708,151,138 675,175,943 27,898,344 (703,074,287) 708,151,138 Other Paid-In Capital-Deferred (88,078,278) 0 0 (17,138,380) (105,216,658) -------------------------------------------------------------------------------- Other Paid-In Capital 620,072,860 675,175,943 27,898,344 (720,212,667) 602,934,480 Earnings Reinvested 911,535,425 831,357,200 3,280,067 (839,037,107) 907,135,585 Current Net Income 138,981,106 134,937,805 4,801,204 (139,739,010) 138,981,105 Common Dividends & Adj (623,854,502) (591,754,998) 0 593,977,688 (621,631,812) DP&L Preferred Stock Adj (1,121,986) (934,988) 0 934,988 (1,121,986) -------------------------------------------------------------------------------- Total Earnings Reinvested 425,540,044 373,605,020 8,081,271 (383,863,440) 423,362,895 Pref Stock w/o Mand Redmp 0 82,849,800 0 0 82,849,800 Pref Stock w/ Mand Redmp 0 30,000,000 0 0 30,000,000 First Mortgage Bonds 0 1,007,819,337 0 0 1,007,819,337 FMB-Debt, Discount & Premium 0 (2,551,965) 0 0 (2,551,965) Other Long-Term Debt 90,000,000 7,621,732 0 0 97,621,732 -------------------------------------------------------------------------------- Total Long-Term Debt 90,000,000 1,012,889,104 0 0 1,102,889,104 -------------------------------------------------------------------------------- Total Capitalization 1,136,648,004 2,174,931,588 36,106,616 (1,104,614,829) 2,243,071,379 ================================================================================ -------------------------------------------------------------------------------- Total Liabilities & Equity 1,146,451,959 3,214,329,623 103,650,909 (1,159,402,653) 3,305,029,838 ================================================================================
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 1 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1993 ($) DP&L SUBS ELIMIN TOTAL ************************************************************************************************************** Electric Revenue 901,319,895 0 0 901,319,895 Gas Revenue 245,078,681 0 0 245,078,681 Steam Revenue 7,295,750 0 0 7,295,750 ---------------------------------------------------------------- Utility Service Revenue 1,153,694,327 0 0 1,153,694,327 Other Income 0 1,736,590 (578,599) 1,157,991 ---------------------------------------------------------------- Total Operating Revenue 1,153,694,327 1,736,590 (578,599) 1,154,852,318 Fuel - Electric 205,336,815 0 0 205,336,815 Fuel Clause Adj - Elec (1,403,923) 0 0 (1,403,923) Fuel - Steam 2,122,642 0 0 2,122,642 Purchased Power 20,578,700 0 0 20,578,700 Gas Purchased for Resale 156,351,888 0 0 156,351,888 ---------------------------------------------------------------- Total Energy Expense 382,986,122 0 0 382,986,122 Operating Expense 178,149,445 948,631 (578,599) 178,519,477 Maintenance Expense 89,445,924 200,037 0 89,645,961 Depreciation & Amortization 108,423,599 574,853 0 108,998,452 Property Taxes 55,999,975 63,148 0 56,063,123 Exise Tax 47,014,386 0 0 47,014,386 Other Federal Taxes 6,790,741 0 0 6,790,741 State & Other Taxes 1,819,517 0 0 1,819,517 ---------------------------------------------------------------- Total Operating Expense 870,629,709 1,786,669 (578,599) 871,837,779 ---------------------------------------------------------------- Operating Income Before Tax 283,064,618 (50,079) 0 283,014,539 Federal Income Taxes 52,182,468 (492,747) 0 51,689,721 Federal Inc Tax-Oth Inc & Ded 2,431,561 0 0 2,431,561 Deferred Income Taxes 18,698,632 587,725 0 19,286,357 Deferred Inc Tax-Oth Inc & Ded 2,800,616 0 0 2,800,616 State Income Taxes 178,752 5,073 0 183,825 ---------------------------------------------------------------- Total Income Taxes 76,292,029 100,051 0 76,392,080 ---------------------------------------------------------------- Operating Income After Tax 206,772,589 (150,130) 0 206,622,459
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 2 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1993 ($) DP&L SUBS ELIMIN TOTAL ************************************************************************************************************** Interest - First Mortgage Bonds 84,601,684 0 0 84,601,684 Interest - Other Long Term Debt (101,026) 0 0 (101,026) Other Interest Expense 10,284,021 1,536,198 (338,234) 11,481,985 Amortization of Issue Costs 1,425,732 0 0 1,425,732 ---------------------------------------------------------------- Total Interest Charges 96,210,412 1,536,198 (338,234) 97,408,376 Preferred Stock Dividends 8,707,912 0 0 8,707,912 Other Deductions 3,950,162 0 (1,686,328) 2,263,834 Interest Income (10,708,458) 0 338,234 (10,370,224) ---------------------------------------------------------------- Total Div & Other Deductions 1,949,617 0 (1,348,094) 601,523 ---------------------------------------------------------------- Net Operating Income 108,612,561 (1,686,328) 1,686,328 108,612,561 AFDC - Equity 245,326 0 0 245,326 AFDC - Debt 292,750 0 0 292,750 Regulatory Deferrals 25,787,169 0 0 25,787,169 ---------------------------------------------------------------- Total Other Income 26,325,245 0 0 26,325,245 ---------------------------------------------------------------- Net Income 134,937,805 (1,686,328) 1,686,328 134,937,805 ================================================================
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 1 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1993 ($) DP&L SUBS ELIMIN TOTAL ************************************************************************************************************** Electric Property & Plant 2,925,299,711 0 (1,457,936) 2,923,841,775 Killen Post In Service AFC 25,954,072 0 0 25,954,072 Gas Property & Plant 240,125,892 0 0 240,125,892 Steam Property & Plant 14,767,865 0 0 14,767,865 Other Property 0 17,210,434 0 17,210,434 ---------------------------------------------------------------- Property & Plant 3,206,147,540 17,210,434 (1,457,936) 3,221,900,038 Construction Work in Progress 35,824,685 0 0 35,824,685 Accumulated Depr & Amort (945,822,012) (4,724,124) 0 (950,546,136) Killen AFC Accumulated Depr (9,217,240) 0 0 (9,217,240) ---------------------------------------------------------------- Total Accum Depr & Amort (955,039,252) (4,724,124) 0 (959,763,376) ---------------------------------------------------------------- Net Property & Plant 2,286,932,973 12,486,310 (1,457,936) 2,297,961,347 Cash (1,150,194) 628,491 0 (521,703) Temporary Investments 6,501,317 0 0 6,501,317 ---------------------------------------------------------------- Cash & Temporary Investments 5,351,123 628,491 0 5,979,614 Accounts Receivable 110,358,260 1,031,281 (2,126,416) 109,263,125 Uncollectible Reserve (9,121,652) 0 0 (9,121,652) Accrued Unbilled Revenue 29,971,638 0 0 29,971,638 ---------------------------------------------------------------- Accounts Receivable (Net) 131,208,246 1,031,281 (2,126,416) 130,113,111 Fuel Stock 53,142,165 0 0 53,142,165 Materials & Supplies 32,213,488 0 0 32,213,488 Prepayments 22,499,625 41,351 0 22,540,976 Gas Adjustment Clause 23,052,017 0 0 23,052,017 Other Current Assets 22,285,101 48,808 0 22,333,909 Deferred State & Local Taxes 72,750,712 0 0 72,750,712 ---------------------------------------------------------------- Inventory, Prepayments & Other 225,943,107 90,159 0 226,033,266 ---------------------------------------------------------------- Total Current Assets 362,502,476 1,749,931 (2,126,416) 362,125,991 Investments 2,398,159 0 1,341,699 3,739,858 Unamortized Debt Expense 10,553,028 0 0 10,553,028 Regulatory Asset 269,143,861 0 0 269,143,861 Phase-In Deferral 85,771,211 0 0 85,771,211 DSM Deferral 23,294,135 0 0 23,294,135 Deferred Zimmer Costs 63,766,374 0 0 63,766,374 Deferred PIP (8,878,311) 0 0 (8,878,311) Other Deferred Charges 86,959,444 751 0 86,960,195 Unamortized Loss Reacq Debt 13,670,337 0 0 13,670,337 Non-Utility Property - Electric 6,221,596 0 0 6,221,596
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 2 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1993 ($) DP&L SUBS ELIMIN TOTAL ************************************************************************************************************** ---------------------------------------------------------------- Deferred Charges & Other 552,899,834 751 1,341,699 554,242,284 ---------------------------------------------------------------- Total Assets 3,202,335,284 14,236,992 (2,242,653) 3,214,329,623 ================================================================ Accounts Payable 114,208,280 283,159 (749,028) 113,742,411 Notes - Banks & Other 25,000,000 6,339,515 (1,377,388) 29,962,127 Current Portion - Preferred Stck 4,250,000 0 0 4,250,000 Current Portion - First Mort Bonds 4,730,000 0 0 4,730,000 ---------------------------------------------------------------- Short-Term Debt 33,980,000 6,339,515 (1,377,388) 38,942,127 Accrued Income Taxes 431,786 21,809 0 453,595 Accrued Property Taxes 112,914,445 46,320 0 112,960,765 Other Accrued Taxes 193,157 10,135 0 203,292 ---------------------------------------------------------------- Accrued Taxes 113,539,389 78,264 0 113,617,653 Accrued Interest 21,088,553 0 0 21,088,553 Current Def Inc Tax - Assets (11,780,498) 0 0 (11,780,498) Current Def Inc Tax - Liabilities 25,211,161 0 0 25,211,161 Deferred Electric Fuel 9,276,417 0 0 9,276,417 Gas Supplier Refunds 5,734,409 0 0 5,734,409 Other Current Liabilities 22,755,071 0 0 22,755,071 ---------------------------------------------------------------- Other Current Liabilities 51,196,560 0 0 51,196,560 ---------------------------------------------------------------- Total Current Liabilities 334,012,782 6,700,938 (2,126,416) 338,587,304 Other Deferred Credits 76,541,052 48,458 0 76,589,510 Regulatory Liability 3,162,053 0 0 3,162,053 ---------------------------------------------------------------- Deferred Credits & Other 79,703,105 48,458 0 79,751,563 Unamort Investment Tax Credit 84,857,500 0 0 84,857,500 Accum Def Inc Tax-Property 450,906,624 1,038,229 0 451,944,853 Accum Def Inc Tax-Assets (80,159,629) 0 0 (80,159,629) Accum Def Inc Tax-Liabilities 164,247,110 169,333 0 164,416,443 ---------------------------------------------------------------- Deferred Income Taxes 619,851,605 1,207,563 0 621,059,167 ---------------------------------------------------------------- Total Liabilities 1,033,567,492 7,956,958 (2,126,416) 1,039,398,034 ================================================================
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 3 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1993 ($) DP&L SUBS ELIMIN TOTAL ************************************************************************************************************** Common Stock 411,722 1,500 (1,500) 411,722 Other Paid-In Capital 675,175,943 151,453 (151,453) 675,175,943 Earnings Reinvested 832,815,136 (2,576,707) 1,118,771 831,357,200 Current Net Income 134,937,805 (1,686,328) 1,686,328 134,937,805 Common Dividends & Adj (591,754,998) 0 0 (591,754,998) DP&L Preferred Stock Adj (934,988) 0 0 (934,988) ---------------------------------------------------------------- Total Earnings Reinvested 375,062,955 (4,263,035) 2,805,099 373,605,019 Pref Stock w/o Mand Redmp 82,849,800 0 0 82,849,800 Pref Stock w/ Mand Redmp 30,000,000 0 0 30,000,000 First Mortgage Bonds 1,007,819,337 0 0 1,007,819,337 FMB-Debt, Discount & Premium (2,551,965) 0 0 (2,551,965) Advances - Assoc Company 0 2,768,383 (2,768,383) 0 Other Long-Term Debt 0 7,621,732 0 7,621,732 ---------------------------------------------------------------- Total Long-Term Debt 1,005,267,372 10,390,115 (2,768,383) 1,012,889,104 ---------------------------------------------------------------- Total Capitalization 2,168,767,792 6,280,033 (116,237) 2,174,931,588 ================================================================ ---------------------------------------------------------------- Total Liabilities & Equity 3,202,335,284 14,236,992 (2,242,653) 3,214,329,623 ================================================================
- 20 - EX-2 3 EXHIBIT A-1 EXHIBIT A-1 Certain consolidating financial statements herein are being filed by the Company under separate cover to be afforded confidential treatment. Pursuant to the Freedom of Information Act and Applicable rules of the Securities and Exchange Commission, the consolidating financial information relating to the Company's non-utility subsidiaries have been separated from the remainder of Exhibit A and marked "CONFIDENTIAL TREATMENT REQUESTED BY DPL INC." The Statements for which confidential treatment is requested are found on pages 22 through 53 of Exhibit A-1 bearing the following headings: 1. Inc. Consolidation Detail Report, Subsidiaries Unconsolidated, Income Statement, Year to Date 12/31/93; 2. Inc. Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/93; 3. MVD Consolidating Financial Statements, Income Statement, Year to Date 12/31/93; 4. MVD Consolidating Financial Statements, Balance Sheet, Year to Date 12/31/93; 5. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Income Statement, Year to Date 12/31/93; and 6. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/93. -21- APPENDIX Exhibit C - page 54 - --------- A color-coded map of certain major electric transmission substations and 345 kv transmission lines wholly owned by DP&L as well as certain major electric generating plants, transmission substations and 345 kv transmission lines commonly owned by DP&L with other Ohio utilities. The map also shows certain major generating plants, transmission substations and 765 kv and 345 kv transmission lines of neighboring utilities that are interconnected with the DP&L system. The geographic area represented by the map is the southern half of Ohio and small portions of bordering states. Exhibit D - page 55 - --------- A color-coded map of a wholly owned electric generating plant and certain major wholly owned and commonly owned transmission substations and 345 kv and 138 kv transmission lines located within DP&L's service territory in West Central Ohio. Exhibit E - page 56 - --------- A color coded map of certain major natural gas transmission and distribution lines and monitor, control, measurement and supply points owned by DP&L and other companies within DP&L's service territory in West Central Ohio. -57- -----END PRIVACY-ENHANCED MESSAGE-----