-----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, VseoEL1WAtOSTg60bEdn3rMlDbM8pzy42o4ZRPgr/Lcm7bp0G6oSTuJoyfTWlZ4P WcSvOiaU3zmGAWtWqdd/Gw== 0000787250-95-000001.txt : 19950601 0000787250-95-000001.hdr.sgml : 19950601 ACCESSION NUMBER: 0000787250-95-000001 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950228 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DPL INC CENTRAL INDEX KEY: 0000787250 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 311163136 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00247 FILM NUMBER: 95517184 BUSINESS ADDRESS: STREET 1: PO BOX 8825 CITY: DAYTON STATE: OH ZIP: 45401 BUSINESS PHONE: 5132246000 MAIL ADDRESS: STREET 1: PO BOX 8825 CITY: DAYTON STATE: OH ZIP: 45401 U-3A-2 1 [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, communications equipment and other miscellaneous equipment, owns real estate and has, for financial investment purposes, acquired limited partnership interests in natural gas storage facilities. 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 Southwest, Dayton, Ohio 45402. MVDC holds shares of Energy Innovations, Inc. ("EII") described herein. MVDC is a wholly-owned subsidiary of Claimant. -2- (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 Ford -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 Street 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, 1994 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 39 KV 80 0 Less than 33 KV 33,209 4,016 - --------------- ------ ----- Total Miles 34,974 4,020 - --------------- * This figure includes 126 circuit miles of 345 KV lines wholly-owned by DP&L and DP&L's portion (288 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 11,928,000 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 C and D 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 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"), including storage agreements with Columbia, Texas Gas and Panhandle. DP&L also has taken advantage of interruptible transportation agreements it has with ANR, Columbia, Columbia Gulf, Texas Gas and Panhandle 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 E 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 14,219,418,000 kWh; 42,051,052 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 84,442,000 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 386,619,000 kWh; 42,662,916 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, 1994 Exhibit A-1 - Non-Utility Consolidating Financial 21 Statements for twelve months ended December 31, 1994 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, 1994 are attached as Exhibit A. Non-utility consolidating financial statements for the twelve months ended December 31, 1994 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 27th day of February, 1995. DPL Inc. ---------------------------------- (Name of claimant) By Thomas M. Jenkins -------------------------------- Thomas M. Jenkins Group Vice President and Treasurer Attest: Judy W. Lansaw - ---------------------------------------- Judy W. Lansaw Group Vice President Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: Stephen F. Koziar, Jr., Group Vice President --------------------------------------------------------------------------- (Name) (Title) Courthouse Plaza Southwest, Dayton, Ohio 45402 --------------------------------------------------------------------------- (Address) -10- 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- EX-27 2 DPL INC. EX-27 - OPUR3 FDS
OPUR3 1 YEAR DEC-31-1994 DEC-31-1994 PER-BOOK 3232696822 1204587632 154906795
EX-27 3 DAYTON POWER AND LIGHT COMPANY EX-27 - OPUR3 FDS
OPUR3 1 DAYTON POWER & LIGHT CO 1 YEAR DEC-31-1994 DEC-31-1994 PER-BOOK 3147049757 1191433487 147735351
EX-99 4 EXHIBIT A
EXHIBIT A DPL INC. Page 1 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1994 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ******************************************************************************************************************* Electric Revenue 0 945,893,116 0 (2,402,757) 943,490,359 Gas Revenue 0 237,121,696 0 0 237,121,696 Steam Revenue 0 7,290,081 0 0 7,290,081 ------------- ------------- ------------- --------------------- Utility Service Revenue 0 1,190,304,893 0 (2,402,757) 1,187,902,136 Other Income 153,682,517 1,128,595 29,811,993 (167,937,609) 16,685,496 ------------- ------------- ------------- ------------- --------------------- Total Operating Revenue 153,682,517 1,191,433,488 29,811,993 (170,340,366) 1,204,587,632 Fuel - Electric 0 198,800,040 0 0 198,800,040 Fuel Clause Adj - Elec 0 (1,933,582) 0 0 (1,933,582) Fuel - Steam 0 2,412,303 0 0 2,412,303 Purchased Power 0 21,400,395 0 0 21,400,395 Gas Purchased for Resale 0 150,821,938 0 0 150,821,938 ------------- ------------- ------------- ------------- --------------------- Total Energy Expense 0 371,501,095 0 0 371,501,095 Operating Expense 504,684 155,726,560 17,440,923 (15,118,879) 158,553,288 Maintenance Expense 0 85,987,058 1,416,190 (1,538,970) 85,864,278 Depreciation & Amortization 0 111,919,420 2,757,332 0 114,676,752 Property Taxes 0 59,529,524 156,323 0 59,685,847 Exise Tax 0 51,704,759 0 0 51,704,759 Other Federal Taxes 0 7,340,893 0 0 7,340,893 State & Other Taxes 0 2,069,447 289,122 0 2,358,569 ------------- ------------- ------------- ------------- --------------------- Total Operating Expense 504,684 845,778,755 22,059,890 (16,657,849) 851,685,480 ------------- ------------- ------------- ------------- --------------------- Operating Income Before Tax 153,177,832 345,654,733 7,752,103 (153,682,517) 352,902,151 Federal Income Taxes (2,081,477) 101,125,610 5,780,816 0 104,824,949 Federal Inc Tax-Oth Inc & Ded 0 2,008,920 0 0 2,008,920 Deferred Income Taxes 2,566,970 (8,057,912) (2,039,710) 0 (7,530,652) Deferred Inc Tax-Oth Inc & Ded 0 802,409 0 0 802,409 State Income Taxes 257,113 242,739 618,884 0 1,118,736 ------------- ------------- ------------- ------------- --------------------- Total Income Taxes 742,606 96,121,766 4,359,991 0 101,224,363 ------------- ------------- ------------- ------------- --------------------- Operating Income After Tax 152,435,226 249,532,967 3,392,113 (153,682,517) 251,677,789
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EXHIBIT A DPL INC. Page 2 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1994 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ******************************************************************************************************************* Interest - First Mortgage Bonds 0 80,505,183 0 0 80,505,183 Other Interest Expense 553,506 11,583,169 2,436,800 (3,317,603) 11,255,872 Amortization of Issue Costs 61,121 1,378,715 0 0 1,439,836 ------------- ------------- ------------- ------------- --------------------- Total Interest Charges 614,627 93,467,066 2,436,800 (3,317,603) 93,200,890 Preferred Stock Dividends 0 4,700,437 0 0 4,700,437 Other Deductions 0 1,037,961 343,685 24,943 1,406,589 Interest Income (3,086,195) (8,297,161) (6,981,570) 4,938,692 (13,426,234) ------------- ------------- ------------- ------------- --------------------- Total Div & Other Deductions (3,086,195) (2,558,763) (6,637,885) 4,963,635 (7,319,208) ------------- ------------- ------------- ------------- --------------------- Net Operating Income 154,906,794 158,624,664 7,593,198 (155,328,548) 165,796,108 Regulatory Deferrals 0 (10,889,313) 0 0 (10,889,313) ------------- ------------- ------------- ------------- --------------------- Total Other Income 0 (10,889,313) 0 0 (10,889,313) ------------- ------------- ------------- ------------- --------------------- Net Income 154,906,794 147,735,351 7,593,198 (155,328,548) 154,906,795 =========== =========== =========== =========== ===========
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EXHIBIT A DPL INC. Page 1 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1994 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ******************************************************************************************************************* Electric Property & Plant 0 2,961,563,129 0 0 2,961,563,129 Killen Post In Service AFC 0 25,941,855 0 0 25,941,855 Gas Property & Plant 0 251,751,230 0 0 251,751,230 Steam Property & Plant 0 14,839,132 0 0 14,839,132 Other Property 0 17,109,146 38,601,560 0 55,710,706 Non-Utility Property - Elec 0 6,622,190 0 0 6,622,190 ------------- ------------- ------------- ------------- --------------------- Property & Plant 0 3,277,826,683 38,601,560 0 3,316,428,243 Construction Work in Progress 0 68,548,913 0 0 68,548,913 Accumulated Depr & Amort 0 (1,043,779,109) (19,096,526) 0 (1,062,875,635) Killen AFC Accumulated Depr 0 (9,913,988) 0 0 (9,913,988) ------------- ------------- ------------- ------------- --------------------- Total Accum Depr & Amort 0 (1,053,693,097) (19,096,526) 0 (1,072,789,623) ------------- ------------- ------------- ------------- --------------------- Net Property & Plant 0 2,292,682,499 19,505,034 0 2,312,187,533 Cash 6,619,092 (4,955,672) 185,074 0 1,848,494 Temporary Investments 5,906,537 13,252,999 74,558,070 0 93,717,606 ------------- ------------- ------------- ------------- --------------------- Cash & Temporary Investments 12,525,629 8,297,326 74,743,143 0 95,566,098 Accounts Receivable 12,218,620 94,501,526 16,155,623 (24,749,060) 98,126,709 Uncollectible Reserve 0 (7,800,867) 0 0 (7,800,867) Accrued Unbilled Revenue 0 13,084,721 0 0 13,084,721 ------------- ------------- ------------- ------------- --------------------- Accounts Receivable (Net) 12,218,620 99,785,379 16,155,623 (24,749,060) 103,410,562 Fuel Stock 0 52,663,573 0 0 52,663,573 Materials & Supplies 0 30,681,832 1,293,014 0 31,974,846 Prepayments 0 25,183,482 224,694 (4,901,706) 20,506,470 Other Current Assets 0 4,370,188 9,170 0 4,379,358 Deferred State & Local Taxes 0 78,289,185 0 0 78,289,185 ------------- ------------- ------------- ------------- --------------------- Inventory, Prepayments & Other 0 191,188,259 1,526,878 (4,901,706) 187,813,431 ------------- ------------- ------------- ------------- --------------------- Total Current Assets 24,744,250 299,270,965 92,425,643 (29,650,766) 386,790,092 Investments 1,231,969,834 3,689,296 10,746,905 (1,234,775,012) 11,631,023 Unamortized Debt Expense 500,827 10,162,608 0 0 10,663,435 Regulatory Asset 0 249,329,936 0 0 249,329,936 Phase-In Deferral 0 75,947,139 0 0 75,947,139 DSM Deferral 0 31,943,517 0 0 31,943,517 Deferred Zimmer Costs 0 60,953,152 0 0 60,953,152 Deferred PIP 0 4,512,208 0 0 4,512,208 Other Deferred Charges (2,728) 105,769,668 868,232 (30,685,154) 75,950,018 Unamortized Loss Reacq Debt 0 12,788,771 0 0 12,788,771
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EXHIBIT A DPL INC. Page 2 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1994 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ******************************************************************************************************************* < S> ------------- ------------- ------------- ------------- --------------------- Deferred Charges & Other 1,232,467,933 555,096,294 11,615,137 (1,265,460,167) 533,719,197 ------------- ------------- ------------- ------------- --------------------- Total Assets 1,257,212,183 3,147,049,758 123,545,814 (1,295,110,933) 3,232,696,822 ============ ============ ============ ============ ============ Accounts Payable 9,848,068 75,650,181 14,584,531 (24,749,060) 75,333,720 Notes - Banks & Other 0 4,978,664 29,379,935 (34,185,409) 173,190 Current Portion - First Mort Bonds 0 4,730,000 0 0 4,730,000 ------------- ------------- ------------- ------------- --------------------- Short-Term Debt 0 9,708,664 29,379,935 (34,185,409) 4,903,190 Accrued Income Taxes (397) 3,091,798 246,260 0 3,337,661 Accrued Property Taxes 0 120,181,036 30,259 0 120,211,295 Other Accrued Taxes 0 218,519 168,058 0 386,577 ------------- ------------- ------------- ------------- --------------------- Accrued Taxes (397) 123,491,353 444,577 0 123,935,533 Accrued Interest 3,249,450 20,713,279 0 0 23,962,729 Current Def Inc Tax - Assets 0 (9,365,649) 0 0 (9,365,649) Current Def Inc Tax - Liabilities 0 7,075,371 0 0 7,075,371 Deferred Gas Costs 0 5,635,345 0 0 5,635,345 Deferred Electric Fuel 0 7,342,835 0 0 7,342,835 Gas Supplier Refunds 0 1,456,300 0 0 1,456,300 Other Current Liabilities 45,386 14,566,586 4,948,244 (4,901,706) 14,658,510 ------------- ------------- ------------- ------------- --------------------- Other Current Liabilities 45,386 26,710,789 4,948,244 (4,901,706) 26,802,713 ------------- ------------- ------------- ------------- --------------------- Total Current Liabilities 13,142,507 256,274,265 49,357,286 (63,836,175) 254,937,883 Other Deferred Credits 0 91,629,011 47,495,510 0 139,124,521 Regulatory Liability 0 402,116 0 0 402,116 ------------- ------------- ------------- ------------- --------------------- Deferred Credits & Other 0 92,031,127 47,495,510 0 139,526,637 Unamort Investment Tax Credit 0 81,211,500 251,600 0 81,463,100 Accum Def Inc Tax-Property 0 458,335,531 439,573 0 458,775,104 Accum Def Inc Tax-Assets 0 (88,437,610) (17,091,907) 0 (105,529,517) Accum Def Inc Tax-Liabilities 0 160,731,960 0 (2,130,700) 158,601,260 ------------- ------------- ------------- ------------- --------------------- Deferred Income Taxes 0 611,841,381 (16,400,734) (2,130,700) 593,309,947 ------------- ------------- ------------- ------------- --------------------- Total Liabilities 13,142,507 960,146,773 80,452,062 (65,966,875) 987,774,467 ============ ============ ============ ============ ============
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EXHIBIT A DPL INC. Page 3 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1994 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ******************************************************************************************************************* < S> Common Stock 1,069,516 411,722 127,000 (538,722) 1,069,516 Other Paid-In Capital 776,622,117 738,493,578 27,898,344 (766,391,922) 776,622,117 Other Paid-In Capital-Deferred (84,076,346) 0 0 (24,572,546) (108,648,892) ------------- ------------- ------------- ------------- --------------------- Other Paid-In Capital 692,545,771 738,493,578 27,898,344 (790,964,468) 667,973,225 Earnings Reinvested 1,050,516,532 970,251,971 7,475,209 (982,733,083) 1,045,510,629 Current Net Income 154,906,794 147,735,351 7,593,198 (155,328,548) 154,906,795 Common Dividends & Adj (743,659,953) (695,454,998) 0 699,298,777 (739,816,174) DP&L Preferred Stock Adj (1,308,984) (1,121,986) 0 1,121,986 (1,308,984) ------------- ------------- ------------- ------------- --------------------- Total Earnings Reinvested 460,454,389 421,410,337 15,068,407 (437,640,867) 459,292,266 Pref Stock w/o Mand Redmp 0 22,850,800 0 0 22,850,800 First Mortgage Bonds 0 998,759,337 0 0 998,759,337 FMB-Debt, Discount & Premium 0 (2,470,057) 0 0 (2,470,057) Other Long-Term Debt 90,000,000 7,447,269 0 0 97,447,269 ------------- ------------- ------------- ------------- --------------------- Total Long-Term Debt 90,000,000 1,003,736,548 0 0 1,093,736,548 ------------- ------------- ------------- ------------- --------------------- Total Capitalization 1,244,069,676 2,186,902,985 43,093,752 (1,229,144,057) 2,244,922,356 ============ ============ ============ ============ ============ ------------- ------------- ------------- ------------- --------------------- Total Liabilities & Equity 1,257,212,183 3,147,049,758 123,545,814 (1,295,110,932) 3,232,696,823 ============ ============ ============ ============ ============
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 1 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1994 ($) DP&L SUBS ELIMIN TOTAL ******************************************************************************************************************* < S> Electric Revenue 945,893,116 0 0 945,893,116 Gas Revenue 237,121,696 0 0 237,121,696 Steam Revenue 7,290,081 0 0 7,290,081 ------------- ------------- ------------- --------------------- Utility Service Revenue 1,190,304,893 0 0 1,190,304,893 Other Income 0 1,672,661 (544,067) 1,128,594 ------------- ------------- ------------- --------------------- Total Operating Revenue 1,190,304,893 1,672,661 (544,067) 1,191,433,487 Fuel - Electric 198,800,040 0 0 198,800,040 Fuel Clause Adj - Elec (1,933,582) 0 0 (1,933,582) Fuel - Steam 2,412,303 0 0 2,412,303 Purchased Power 21,400,395 0 0 21,400,395 Gas Purchased for Resale 150,821,938 0 0 150,821,938 ------------- ------------- ------------- --------------------- Total Energy Expense 371,501,095 0 0 371,501,095 Operating Expense 155,314,049 956,578 (544,067) 155,726,560 Maintenance Expense 85,800,268 186,790 0 85,987,058 Depreciation & Amortization 111,338,396 581,024 0 111,919,420 Property Taxes 59,457,074 72,450 0 59,529,524 Exise Tax 51,704,759 0 0 51,704,759 Other Federal Taxes 7,340,893 0 0 7,340,893 State & Other Taxes 2,069,447 0 0 2,069,447 ------------- ------------- ------------- --------------------- Total Operating Expense 844,525,981 1,796,841 (544,067) 845,778,755 ------------- ------------- ------------- --------------------- Operating Income Before Tax 345,778,912 (124,180) 0 345,654,732 Federal Income Taxes 101,624,050 (498,440) 0 101,125,610 Federal Inc Tax-Oth Inc & Ded 2,008,920 0 0 2,008,920 Deferred Income Taxes (7,993,951) (63,961) 0 (8,057,912) Deferred Inc Tax-Oth Inc & Ded 802,409 0 0 802,409 State Income Taxes 238,789 3,950 0 242,739 ------------- ------------- ------------- --------------------- Total Income Taxes 96,680,217 (558,451) 0 96,121,766 ------------- ------------- ------------- --------------------- Operating Income After Tax 249,098,695 434,272 0 249,532,967
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 2 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1994 ($) DP&L SUBS ELIMIN TOTAL ******************************************************************************************************************* < S> Interest - First Mortgage Bonds 80,505,183 0 0 80,505,183 Other Interest Expense 10,480,212 1,472,876 (369,919) 11,583,169 Amortization of Issue Costs 1,378,715 0 0 1,378,715 ------------- ------------- ------------- --------------------- Total Interest Charges 92,364,110 1,472,876 (369,919) 93,467,067 Preferred Stock Dividends 4,700,437 0 0 4,700,437 Other Deductions 2,075,500 0 (1,037,538) 1,037,962 Interest Income (8,666,015) (1,066) 369,919 (8,297,162) ------------- ------------- ------------- --------------------- Total Div & Other Deductions (1,890,078) (1,066) (667,619) (2,558,763) ------------- ------------- ------------- --------------------- Net Operating Income 158,624,664 (1,037,538) 1,037,538 158,624,664 Regulatory Deferrals (10,889,313) 0 0 (10,889,313) ------------- ------------- ------------- --------------------- Total Other Income (10,889,313) 0 0 (10,889,313) ------------- ------------- ------------- --------------------- Net Income 147,735,351 (1,037,538) 1,037,538 147,735,351 =========== =========== =========== ===========
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 1 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1994 ($) DP&L SUBS ELIMIN TOTAL ******************************************************************************************************************* < S> Electric Property & Plant 2,963,021,065 0 (1,457,936) 2,961,563,129 Killen Post In Service AFC 25,941,855 0 0 25,941,855 Gas Property & Plant 251,751,230 0 0 251,751,230 Steam Property & Plant 14,839,132 0 0 14,839,132 Other Property 0 17,109,146 0 17,109,146 Non-Utility Property - Elec 6,622,190 0 0 6,622,190 ------------- ------------- ------------- --------------------- Property & Plant 3,262,175,473 17,109,146 (1,457,936) 3,277,826,683 Construction Work in Progress 68,548,913 0 0 68,548,913 Accumulated Depr & Amort (1,038,637,756) (5,141,353) 0 (1,043,779,109) Killen AFC Accumulated Depr (9,913,988) 0 0 (9,913,988) ------------- ------------- ------------- --------------------- Total Accum Depr & Amort (1,048,551,743) (5,141,353) 0 (1,053,693,096) ------------- ------------- ------------- --------------------- Net Property & Plant 2,282,172,642 11,967,793 (1,457,936) 2,292,682,499 Cash (5,012,201) 56,529 0 (4,955,672) Temporary Investments 13,076,349 176,649 0 13,252,998 ------------- ------------- ------------- --------------------- Cash & Temporary Investments 8,064,148 233,178 0 8,297,326 Accounts Receivable 95,556,105 381,383 (1,435,962) 94,501,526 Uncollectible Reserve (7,800,867) 0 0 (7,800,867) Accrued Unbilled Revenue 13,084,721 0 0 13,084,721 ------------- ------------- ------------- --------------------- Accounts Receivable (Net) 100,839,959 381,383 (1,435,962) 99,785,380 Fuel Stock 52,663,573 0 0 52,663,573 Materials & Supplies 30,681,832 0 0 30,681,832 Prepayments 25,138,519 44,963 0 25,183,482 Other Current Assets 4,345,559 24,629 0 4,370,188 Deferred State & Local Taxes 78,289,185 0 0 78,289,185 ------------- ------------- ------------- --------------------- Inventory, Prepayments & Other 191,118,667 69,592 0 191,188,259 ------------- ------------- ------------- --------------------- Total Current Assets 300,022,774 684,153 (1,435,962) 299,270,965 Investments 1,246,662 0 2,442,634 3,689,296 Unamortized Debt Expense 10,162,608 0 0 10,162,608 Regulatory Asset 249,329,936 0 0 249,329,936 Phase-In Deferral 75,947,139 0 0 75,947,139 DSM Deferral 31,943,517 0 0 31,943,517 Deferred Zimmer Costs 60,953,152 0 0 60,953,152 Deferred PIP 4,512,208 0 0 4,512,208 Other Deferred Charges 105,768,917 751 0 105,769,668 Unamortized Loss Reacq Debt 12,788,771 0 0 12,788,771
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 2 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1994 ($) DP&L SUBS ELIMIN TOTAL ******************************************************************************************************************* < S> ------------- ------------- ------------- --------------------- Deferred Charges & Other 552,652,908 751 2,442,634 555,096,293 ------------- ------------- ------------- --------------------- Total Assets 3,134,848,325 12,652,696 (451,264) 3,147,049,757 ============ ============ ============ ============ Accounts Payable 75,626,250 76,496 (52,565) 75,650,181 Notes - Banks & Other 0 6,362,061 (1,383,397) 4,978,664 Current Portion - First Mort Bonds 4,730,000 0 0 4,730,000 ------------- ------------- ------------- --------------------- Short-Term Debt 4,730,000 6,362,061 (1,383,397) 9,708,664 Accrued Income Taxes 3,114,496 (22,698) 0 3,091,798 Accrued Property Taxes 120,126,799 54,237 0 120,181,036 Other Accrued Taxes 208,384 10,135 0 218,519 ------------- ------------- ------------- --------------------- Accrued Taxes 123,449,678 41,674 0 123,491,352 Accrued Interest 20,713,279 0 0 20,713,279 Current Def Inc Tax - Assets (9,365,649) 0 0 (9,365,649) Current Def Inc Tax - Liabilities 7,075,371 0 0 7,075,371 Deferred Gas Costs 5,635,345 0 0 5,635,345 Deferred Electric Fuel 7,342,835 0 0 7,342,835 Gas Supplier Refunds 1,456,300 0 0 1,456,300 Other Current Liabilities 14,566,586 0 0 14,566,586 ------------- ------------- ------------- --------------------- Other Current Liabilities 26,710,789 0 0 26,710,789 ------------- ------------- ------------- --------------------- Total Current Liabilities 251,229,995 6,480,232 (1,435,962) 256,274,265 Other Deferred Credits 91,604,782 24,229 0 91,629,011 Regulatory Liability 402,116 0 0 402,116 ------------- ------------- ------------- --------------------- Deferred Credits & Other 92,006,898 24,229 0 92,031,127 Unamort Investment Tax Credit 81,211,500 0 0 81,211,500 Accum Def Inc Tax-Property 457,335,098 1,000,433 0 458,335,531 Accum Def Inc Tax-Assets (88,437,610) 0 0 (88,437,610) Accum Def Inc Tax-Liabilities 160,588,791 143,169 0 160,731,960 ------------- ------------- ------------- --------------------- Deferred Income Taxes 610,697,779 1,143,602 0 611,841,381 ------------- ------------- ------------- --------------------- Total Liabilities 953,934,672 7,648,062 (1,435,962) 960,146,772 ============ ============ ============ ============
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 3 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1994 ($) DP&L SUBS ELIMIN TOTAL ******************************************************************************************************************* < S> Common Stock 411,722 1,500 (1,500) 411,722 Other Paid-In Capital 738,493,578 151,453 (151,453) 738,493,578 Earnings Reinvested 971,709,906 (4,263,035) 2,805,099 970,251,970 Current Net Income 147,735,351 (1,037,538) 1,037,538 147,735,351 Common Dividends & Adj (695,454,998) 0 0 (695,454,998) DP&L Preferred Stock Adj (1,121,986) 0 0 (1,121,986) ------------- ------------- ------------- --------------------- Total Earnings Reinvested 422,868,273 (5,300,573) 3,842,638 421,410,338 Pref Stock w/o Mand Redmp 22,850,800 0 0 22,850,800 First Mortgage Bonds 998,759,337 0 0 998,759,337 FMB-Debt, Discount & Premium (2,470,057) 0 0 (2,470,057) Advances - Assoc Company 0 2,704,986 (2,704,986) 0 Other Long-Term Debt 0 7,447,269 0 7,447,269 ------------- ------------- ------------- --------------------- Total Long-Term Debt 996,289,280 10,152,254 (2,704,986) 1,003,736,548 ------------- ------------- ------------- --------------------- Total Capitalization 2,180,913,652 5,004,634 984,699 2,186,902,985 ============ ============ ============ ============ ------------- ------------- ------------- --------------------- Total Liabilities & Equity 3,134,848,325 12,652,696 (451,264) 3,147,049,757 ============ ============ ============ ============
- 20 - EX-99 5 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 12/31/94; 2. Inc. Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/94; 3. MVD Consolidating Financial Statements, Income Statement, Year to Date 12/31/94; 4. MVD Consolidating Financial Statements, Balance Sheet, Year to Date 12/31/94; 5. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Income Statement, Year to Date 12/31/94; and 6. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/94. -21- -----END PRIVACY-ENHANCED MESSAGE-----