-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SoPk+kN1KeFAvGAFEshKU9SAilISBuaw9sZBWa7YuOAH6/T8taajWUA9VO7Qh0M6 ajuQgXUHRxpZBWfiaP1zsA== 0000787250-96-000001.txt : 19960301 0000787250-96-000001.hdr.sgml : 19960301 ACCESSION NUMBER: 0000787250-96-000001 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960229 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: 96529159 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 an agent for DP&L in the office space leasing business of an eleven story building owned by DP&L. 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 retail sales equipment and has made investments in non-utility interests. 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 and wholesale electric generation. 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 and has, for financial investment purposes, acquired limited partnership interests in non-utility interests. 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 retail 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 3,148,000 KW. Of this capability, 2,843,000 KW (approximately 90%) 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 Tait Gas Turbine 1 W DP&L Moraine, OH 95 95 * W - Wholly Owned; C - Commonly Owned DP&L's electric transmission and distribution lines owned and in service as of December 31, 1995 were as follows: Overhead Lines Underground Lines Nominal Voltage Circuit Miles Cable Miles - --------------- -------------- ----------------- 345 KV 414* 0 138 KV 342 3 69 KV 944 1 33 KV 80 0 Less than 33 KV 33,294 4,223 ------ ----- Total Miles 35,074 4,227 * 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 147 substations with a total capacity of 12,998,000 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 D and E 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 Texas Eastern Transmission Company, 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. For peak shaving purposes, DP&L maintains and operates four propane-air plants with a daily rated capacity of approximately 70,000 thousand cubic feet ("MCF") of natural gas. Exhibit F 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 16,814,427,000 kWh; 43,293,767 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 1,772,590,000 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 370,968,000 kWh; 43,499,723 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. Indeck Pepperell Power Associates, Inc. 1130 Lake Cook Road, Suite 200 Buffalo Grove, IL 60089 Indeck Pepperell is a 38 MW plant used for the generation of electricity. -6- (b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. MVL: 4.8524% equity interest in project. (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. MVL: Equity investment of $321,793.40. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. Capitalization: $6.7 million Earnings: None (non-operational) (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, 1995 Exhibit A-1 - Non-Utility Consolidating Financial 21 Statements for twelve months ended December 31, 1995 Exhibit B - Financial Data Schedule 9 Exhibit C - An organizational chart showing the 9 relationship of each EWG or foreign utility company to associate companies in the holding-company system Exhibit D - 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 E - 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 F - 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, 1995 are attached as Exhibit A. Non-utility consolidating financial statements for the twelve months ended December 31, 1995 are attached as Exhibit A-1. EXHIBIT B FINANCIAL DATA SCHEDULE If, at the time a report on this form is filed, the registrant is required to submit this report and any amendments thereto electronically via EDGAR, the registrant shall furnish a Financial Data Schedule. The Schedule shall set forth the financial and other data specified below that are applicable to the registrant on a consolidated basis. Amount Item No. Caption Heading $ in Millions 1 Total Assets 3,322.8 2 Total Operating Revenues 1,271.0 3 Net Income 164.7 EXHIBIT C An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding company system. Claimant (Holding Company): DPL Inc. Subsidiary of Claimant having relationship with EWG: MVL Name of EWG: Indeck Pepperell Power Associates, Inc. -9- The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 29th day of February, 1996. DPL Inc. ------------------ (Name of claimant) By /s/Thomas M. Jenkins ---------------------------------- Thomas M. Jenkins Group Vice President and Treasurer Attest: /s/ 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 D - 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 E - 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 F - 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 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR3 1,000,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 3323 1271 165
EX-27 3 DAYTON POWER AND LIGHT COMPANY EX-27 OPUR3 FDS WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR3 1 DAYTON POWER & LIGHT CO 1,000,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 3204 1259 159
EX-99 4 EXHIBIT A
EXHIBIT A DPL INC. Page 1 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1995 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ************************************************************************************************ Electric Revenue 0 1,029,918,892 0 (2,390,788) 1,027,528,104 Gas Revenue 0 222,039,963 0 0 222,039,963 Steam Revenue 0 5,560,503 0 0 5,560,503 ----------- ------------- ----------- ------------ ------------- Utility Service Revenue 0 1,257,519,357 0 (2,390,788) 1,255,128,569 Other Income 162,831,259 1,364,051 41,526,188 (189,836,445) 15,885,053 ----------- ------------- ----------- ------------- ------------- Total Operating Revenue 162,831,259 1,258,883,408 41,526,188 (192,227,233) 1,271,013,622 Fuel - Electric 0 213,008,146 0 0 213,008,146 Fuel Clause Adj - Elec 0 (15,549) 0 0 (15,549) Fuel - Steam 0 1,887,118 0 0 1,887,118 Purchased Power 0 42,595,958 0 0 42,595,958 Gas Purchased for Resale 0 133,227,001 0 0 133,227,001 ---------- ------------- ---------- ------------ ------------- Total Energy Expense 0 390,702,673 0 0 390,702,673 Operation & Maintenance 492,574 266,932,213 28,977,103 (29,313,709) 267,088,181 Depreciation & Amortization 0 115,352,172 3,554,521 0 118,906,693 Property Taxes 0 61,381,225 152,444 0 61,533,669 Excise Tax 0 53,811,963 0 0 53,811,963 Other Federal Taxes 0 7,468,755 0 0 7,468,755 State & Other Taxes 0 2,211,944 186,246 0 2,398,190 ---------- ------------- ---------- ------------ ------------- General Taxes 0 124,873,887 338,690 0 125,212,577 ---------- ------------- ---------- ------------ ------------- Total Operating Expense 492,574 897,860,945 32,870,315 (29,313,709) 901,910,125 ----------- ------------- ---------- ------------ ------------- Operating Income Before Tax 162,338,685 361,022,463 8,655,873 (162,913,524) 369,103,497 Federal Income Taxes 861,127 90,114,833 (1,876,396) 0 89,099,564 Federal Inc Tax-Oth Inc & Ded 0 2,648,349 0 0 2,648,349 Deferred Income Taxes (3,345) 9,308,448 4,649,427 0 13,954,530 Deferred Inc Tax-Oth Inc & Ded 0 (4,599,866) 0 0 (4,599,866) State Income Taxes 112,586 314,985 825,313 0 1,252,884 ---------- ------------- ---------- ------------ -------------- Total Income Taxes 970,368 97,786,749 3,598,344 0 102,355,461 ----------- ------------- ---------- ------------ -------------- Operating Income After Tax 161,368,317 263,235,714 5,057,529 (162,913,524) 266,748,036
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EXHIBIT A DPL INC. Page 2 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1995 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ******************************************************************************************* Interest - First Mortgage 0 78,517,675 0 0 78,517,675 Interest - Other Long Term Debt 0 2,236,667 0 0 2,236,667 Other Interest Expense 823,908 12,328,346 3,431,698 (4,495,985) 12,087,967 Amortization of Issue Cost 61,121 1,347,712 0 0 1,408,833 ---------- ---------- ---------- ----------- ---------- Total Interest Charges 885,029 94,430,400 3,431,698 (4,495,985) 94,251,142 Preferred Stock Dividends 0 867,069 0 0 867,069 Other Deductions 0 4,368,776 962,045 18,557 5,349,378 Interest Income (4,177,524)(10,399,198) (6,129,587) 6,886,725 (13,819,584) ---------- ---------- ---------- ----------- ---------- Total Div & Other Deduction (4,177,524) (5,163,352) (5,167,542) 6,905,281 (7,603,137) ---------- ---------- ---------- ----------- ---------- Net Operating Income 164,660,812 173,968,667 6,793,373 (165,322,820) 180,100,032 Deferral (Amort) of Reg Assets 0 (15,439,219) 0 0 (15,439,219) ---------- ---------- ---------- ----------- ---------- Total Other Income 0 (15,439,219) 0 0 (15,439,219) ---------- ---------- ---------- ----------- ---------- Net Income 164,660,812 158,529,448 6,793,373 (165,322,820) 164,660,813 =========== =========== ========= ============ ===========
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EXHIBIT A DPL INC. Page 1 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1995 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ************************************************************************************************** Electric Property & Plant 0 3,090,520,719 0 0 3,090,520,719 Gas Property & Plant 0 265,374,134 0 0 265,374,134 Steam Property & Plant 0 14,802,621 0 0 14,802,621 Other Property 0 2,552,075 46,318,646 0 48,870,721 Non-Utility Property - Elec 0 6,556,569 0 0 6,556,569 ---------- ------------- ----------- ------------- --------------- Property & Plant 0 3,379,806,118 46,318,646 0 3,426,124,764 Other Property 0 227,787 1,199,234 0 1,427,021 Construction Work in Progress 0 22,698,600 (630,145) 0 22,068,455 ---------- ------------- ----------- ------------- ------------- Total Constr Work in Progress 0 22,926,387 569,089 0 23,495,476 Accumulated Depr & Amort 0 (1,145,254,938)(22,524,496) 0 (1,167,779,434) ---------- ------------- ---------- ------------- ------------- Net Property & Plant 0 2,257,477,567 24,363,239 0 2,281,840,806 Cash 5,000 7,454,888 1,565,138 0 9,025,026 Temporary Investments 10,545,499 31,655,602 99,145,103 0 141,346,204 ---------- ------------- ----------- ------------- -------------- Cash & Temporary Investments 10,550,499 39,110,490 100,710,241 0 150,371,230 Accounts Receivable 19,487,958 110,313,221 46,433,568 (62,433,473) 113,801,274 Uncollectible Reserve 0 (6,480,821) 0 0 (6,480,821) Accrued Unbilled Revenue 0 40,678,037 0 0 40,678,037 ----------- ------------- ---------- ------------- -------------- Accounts Receivable (Net) 19,487,958 144,510,437 46,433,568 (62,433,473) 147,998,490 Current Def Inc Tax - Assets 0 15,548,390 0 0 15,548,390 Fuel Stock 0 49,498,694 0 0 49,498,694 Materials & Supplies 0 32,129,332 1,072,367 0 33,201,699 Prepayments 0 27,090,370 184,686 (6,193,362) 21,081,694 Other Current Assets 0 11,647,727 40,830 0 11,688,557 Deferred State & Local Tax 0 82,371,038 0 0 82,371,038 Deferred Electric Fuel 0 928,504 0 0 928,504 Current Def Inc Tax - Liab 0 (9,464,272) 0 0 (9,464,272) ---------- ------------- ----------- ------------- -------------- Inventory, Prepayments & Other 0 209,749,783 1,297,884 (6,193,362) 204,854,305 ---------- ------------- ----------- ------------- -------------- Total Current Assets 30,038,457 393,370,710 148,441,693 (68,626,835) 503,224,025 Investments 1,269,169,465 3,764,805 25,857,063 (1,271,600,786) 27,190,547 Unamortized Debt Expense 439,706 9,041,144 0 0 9,480,850 Income Taxes Recoverable 0 238,632,313 0 0 238,632,313 Phase-In Deferral 0 61,347,194 0 0 61,347,194 DSM Deferral 0 36,227,722 0 0 36,227,722 Deferred Zimmer Costs 0 58,139,929 0 0 58,139,929 Deferred PIP 0 7,725,288 0 0 7,725,288 Other Deferred Charges 0 126,665,898 18,811 (39,645,959) 87,038,750 Unamortized Loss Reacq Debt 0 11,907,206 0 0 11,907,206
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EXHIBIT A DPL INC. Page 2 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1995 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL *************************************************************************************************** ------------- ------------- ---------- ------------- ------------- Deferred Charges & Other 1,269,609,171 553,451,500 25,875,874 (1,311,246,746) 537,689,799 ------------- ------------- ---------- ------------- ------------- Total Assets 1,299,647,628 3,204,299,776 198,680,806 (1,379,873,580) 3,322,754,630 ============= ============= =========== ============= ============= Accounts Payable 13,417,946 96,958,399 23,138,700 (36,533,473) 96,981,572 Notes-Banks & Other 0 4,805,474 29,379,935 (34,185,409) 0 Current Portion-First Mort Bonds 0 450,000 0 0 450,000 ---------- ---------- ---------- ------------- ------------- Short-Term Debt 0 5,255,474 29,379,935 (34,185,409) 450,000 Accrued Income Taxes 2,931,245 (9,891,299) 351,813 0 (6,608,241) Accrued Property Taxes 0 125,574,943 20,005 0 125,594,948 Other Accrued Taxes 0 202,063 209,487 0 411,550 ---------- ----------- ---------- ------------ ------------- Total Accrued Taxes 2,931,245 115,885,707 581,304 0 119,398,256 Accrued Interest 3,249,450 21,679,711 0 0 24,929,161 Deferred Gas Costs 0 7,323,097 0 0 7,323,097 Deferred Electric Fuel 0 8,598,461 0 0 8,598,461 Other Current Liabilities 45,386 26,540,391 32,656,592 (32,093,362) 27,149,007 ---------- ------------ ---------- ------------ ------------- Total Other Current Liabilities 45,386 42,461,949 32,656,592 (32,093,362) 43,070,565 ---------- ------------ ---------- ------------ ------------- Total Current Liabilities 19,644,026 282,241,240 85,756,530 (10,812,244) 284,829,552 Other Deferred Credits 0 104,990,562 67,164,757 0 172,155,319 Regulatory Liability 0 602,829 0 0 602,829 ---------- ------------ ---------- ------------ ------------- Deferred Credits & Other 0 105,593,390 67,164,757 0 172,758,147 Unamort Investment Tax Credit 0 79,423,997 222,000 0 79,645,997 Accum Def Inc Tax-Property 0 470,018,232 1,174,744 0 471,192,976 Accum Def Inc Tax-Assets (3,345) (91,567,657)(12,631,854) 0 (104,202,856) Accum Def Inc Tax-Liabilities 0 153,693,412 0 (4,391,075) 149,302,337 ---------- ----------- ---------- ------------- ------------- Deferred Income Taxes (3,345) 611,567,984 (11,235,110) (4,391,075) 595,938,454 ---------- ----------- ---------- ------------ ------------- Total Liabilities 19,640,682 999,402,614 141,686,177 (107,203,319) 1,053,526,154 ========== =========== =========== ============ =============
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EXHIBIT A DPL INC. Page 3 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1995 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL *************************************************************************************************** Common Stock 1,066,969 411,722 127,000 (538,722) 1,066,969 Other Paid-In Capital 771,413,847 738,692,825 44,898,344 (783,591,170) 771,413,846 Other Paid-In Capital-Deferred (80,128,155) 0 0 (27,100,079) (107,228,234) Other Paid-In Capital 691,285,692 738,692,825 44,898,344 (810,691,249) 664,185,612 Earnings Reinvested 1,205,423,326 1,122,185,161 15,675,912 (1,142,215,971) 1,201,068,428 Current Net Income 164,660,812 158,529,448 6,793,373 (165,322,820) 164,660,813 Common Dividends & Adj (870,933,872) (828,054,998)(10,500,000) 844,789,517 (864,699,353) DP&L Preferred Stock Adj (1,495,981) (1,308,984) 0 1,308,984 (1,495,981) ------------- ------------ ---------- ------------- ------------- Total Earnings Reinvested 497,654,284 451,350,627 11,969,285 (461,440,291) 499,533,905 Pref Stock w/o Mand Redmp 0 22,850,800 0 0 22,850,800 First Mortgage Bonds 0 883,979,337 0 0 883,979,337 FMB-Debt, Discount & Premium 0 (2,388,149) 0 0 (2,388,149) Pollution Control Bonds 0 110,000,000 0 0 110,000,000 Other Long-Term Debt 90,000,000 0 0 0 90,000,000 ------------- ------------- ---------- ------------- ------------- Total Long-Term Debt 90,000,000 991,591,188 0 0 1,081,591,188 ------------- ------------- ---------- ------------- -------------- Total Capitalization 1,280,006,946 2,204,897,162 56,994,629 (1,272,670,261) 2,269,228,476 ============= ============= ========== ============= ============= ------------- ------------- ----------- ------------- ------------- Total Liabilities & Equity 1,299,647,628 3,204,299,776 198,680,806 (1,379,873,580) 3,322,754,630 ============= ============= =========== ============= =============
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 1 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1995 ($) DP&L SUBS ELIMIN TOTAL **************************************************************************************** Electric Revenue 1,029,918,892 0 0 1,029,918,892 Gas Revenue 222,039,963 0 0 222,039,963 Steam Revenue 5,560,503 0 0 5,560,503 ------------- ---------- ---------- ------------- Utility Service Revenue 1,257,519,357 0 0 1,257,519,357 Other Income 0 1,927,072 (563,021) 1,364,051 ------------- ---------- ---------- ------------- Total Operating Revenue 1,257,519,357 1,927,072 (563,021) 1,258,883,408 Fuel - Electric 213,008,146 0 0 213,008,146 Fuel Clause Adj - Elec (15,549) 0 0 (15,549) Fuel - Steam 1,887,118 0 0 1,887,118 Purchased Power 42,595,958 0 0 42,595,958 Gas Purchased for Resale 133,227,001 0 0 133,227,001 ------------- ---------- ---------- ------------- Total Energy Expense 390,702,673 0 0 390,702,673 Operation & Maintenance 266,315,299 1,179,935 (563,021) 266,932,213 Depreciation & Amortization 114,865,258 486,914 0 115,352,172 Property Taxes 61,336,119 45,105 0 61,381,224 Excise Tax 53,811,963 0 0 53,811,963 Other Federal Taxes 7,468,755 0 0 7,468,755 State & Other Taxes 2,211,944 0 0 2,211,944 ------------- ---------- ---------- ----------- Total General Taxes 124,828,781 45,105 0 124,873,886 ------------- ---------- ---------- ----------- Total Operating Expense 896,712,012 1,711,954 (563,021) 897,860,945 ------------- ---------- ---------- ----------- Operating Income Before Tax 360,807,345 215,118 0 361,022,463 Federal Income Taxes 90,780,326 (665,493) 0 90,114,833 Federal Inc Tax-Oth Inc & Ded 2,648,349 0 0 2,648,349 Deferred Income Taxes 10,352,114 (1,043,666) 0 9,308,448 Deferred Inc Tax-Oth Inc & Ded (4,599,866) 0 0 (4,599,866) State Income Taxes 312,082 2,903 0 314,985 ------------- ---------- ---------- ------------- Total Income Taxes 99,493,005 (1,706,256) 0 97,786,749 ------------- ---------- ---------- ------------- Operating Income After Tax 261,314,340 1,921,374 0 263,235,714
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 2 CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1995 ($) DP&L SUBS ELIMIN TOTAL ************************************************************************************* Interest - First Mortgage Bonds 78,517,675 0 0 78,517,675 Interest - Other Long Term Debt 2,236,667 0 0 2,236,667 Other Interest Expense 11,053,496 1,891,966 (617,115) 12,328,347 Amortization of Issue Costs 1,347,712 0 0 1,347,712 ----------- ---------- ---------- ---------- Total Interest Charges 93,155,549 1,891,966 (617,115) 94,430,400 Preferred Stock Dividends 867,069 0 0 867,069 Other Deductions 4,329,736 3,080,750 (3,041,710) 4,368,776 Interest Income (11,006,682) (9,631) 617,115 (10,399,198) ----------- ---------- ---------- ---------- Total Div & Other Deductions (5,809,877) 3,071,119 (2,424,594) (5,163,352) ----------- ---------- ---------- ---------- Net Operating Income 173,968,667 (3,041,710) 3,041,710 173,968,667 Deferral (Amort) of Reg Assets (15,439,219) 0 0 (15,439,219) ----------- ---------- ---------- ---------- Total Other Income (15,439,219) 0 0 (15,439,219) ----------- ---------- ---------- ---------- Net Income 158,529,448 (3,041,710) 3,041,710 158,529,448 =========== ========== ========== ===========
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 1 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1995 ($) DP&L SUBS ELIMIN TOTAL **************************************************************************************** Electric Property & Plant 3,066,036,800 0 (1,457,936) 3,064,578,864 Gas Property & Plant 265,374,134 0 0 265,374,134 Steam Property & Plant 14,802,621 0 0 14,802,621 Other Property 0 2,552,075 0 2,552,075 Non-Utility Property - Elec 6,556,569 0 0 6,556,569 ------------- ---------- ---------- ------------- Property & Plant 3,352,770,123 2,552,075 (1,457,936) 3,353,864,262 Other Property 0 227,787 0 227,787 Construction Work in Progress 22,926,387 (227,787) 0 22,698,600 ------------- ---------- ---------- ------------- Total Constr Work in Progress 22,926,387 0 0 22,926,387 Accumulated Depr & Amort (1,133,820,824) (811,314) 0 (1,134,632,138) -------------- ---------- ---------- ------------- Net Property & Plant 2,241,875,686 1,740,761 (1,457,936) 2,242,158,511 Cash 2,449,888 5,005,000 0 7,454,888 Temporary Investments 31,583,142 72,460 0 31,655,602 ---------- ---------- ---------- ------------- Cash & Temporary Investments 34,033,030 5,077,460 0 39,110,490 Accounts Receivable 110,528,292 10,147 (225,219) 110,313,220 Uncollectible Reserve (6,480,821) 0 0 (6,480,821) Accrued Unbilled Revenue 40,678,037 0 0 40,678,037 ----------- ---------- ---------- ------------- Accounts Receivable (Net) 144,725,508 10,147 (225,219) 144,510,436 Current Def Inc Tax - Assets 15,548,390 0 0 15,548,390 Fuel Stock 49,498,694 0 0 49,498,694 Materials & Supplies 32,129,332 0 0 32,129,332 Prepayments 27,090,370 0 0 27,090,370 Other Current Assets 11,647,277 450 0 11,647,727 Deferred State & Local Taxes 82,371,038 0 0 82,371,038 Deferred Electric Fuel 928,504 0 0 928,504 Current Def Inc Tax - Liabilities (9,464,272) 0 0 (9,464,272) ---------- ---------- ---------- ------------- Inventory, Prepayments & Other 209,749,333 450 0 209,749,783 ----------- ---------- ---------- ------------- Total Current Assets 388,507,871 5,088,058 (225,219) 393,370,710 Investments 8,886,617 0 (5,121,812) 3,764,805 Unamortized Debt Expense 9,041,144 0 0 9,041,144 Income Taxes Recoverable 238,632,313 0 0 238,632,313 Phase-In Deferral 61,347,194 0 0 61,347,194 DSM Deferral 36,227,722 0 0 36,227,722 Deferred Zimmer Costs 58,139,929 0 0 58,139,929 Deferred PIP 7,725,288 0 0 7,725,288 Other Deferred Charges 141,984,202 751 0 141,984,953 Unamortized Loss Reacq Debt 11,907,206 0 0 11,907,206
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 2 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1995 ($) DP&L SUBS ELIMIN TOTAL **************************************************************************************** ------------- ---------- ---------- ------------- Deferred Charges & Other 573,891,615 751 (5,121,812) 568,770,554 ------------- ---------- ---------- ------------ Total Assets 3,204,275,173 6,829,570 (6,804,966) 3,204,299,777 ============= ========== ========== ============= Accounts Payable 96,968,547 95,071 (105,219) 96,958,399 Notes - Banks & Other 3,500,000 1,425,474 (120,000) 4,805,474 Current Portion - First Mort Bonds 450,000 0 0 450,000 ---------- ---------- ---------- ------------- Short-Term Debt 3,950,000 1,425,474 (120,000) 5,255,474 Accrued Income Taxes (9,892,229) 930 0 (9,891,299) Accrued Property Taxes 125,541,386 33,557 0 125,574,943 Other Accrued Taxes 202,063 0 0 202,063 ----------- ---------- ---------- ------------- Total Accrued Taxes 115,851,220 34,487 0 115,885,707 Accrued Interest 21,679,711 0 0 21,679,711 Deferred Gas Costs 7,323,097 0 0 7,323,097 Deferred Electric Fuel 8,598,461 0 0 8,598,461 Other Current Liabilities 26,540,391 0 0 26,540,391 ----------- ---------- ---------- ------------- Total Other Current Liabilities 42,461,949 0 0 42,461,949 ----------- ---------- ---------- ------------- Total Current Liabilities 280,911,426 1,555,033 (225,219) 282,241,240 Other Deferred Credits 104,990,562 0 0 104,990,562 Regulatory Liability 602,829 0 0 602,829 ------------ ---------- ---------- ------------- Deferred Credits & Other 105,593,390 0 0 105,593,390 Unamort Investment Tax Credit 79,423,997 0 0 79,423,997 Accum Def Inc Tax-Property 469,865,506 152,725 0 470,018,231 Accum Def Inc Tax-Assets (91,567,657) 0 0 (91,567,657) Accum Def Inc Tax-Liabilities 153,693,412 0 0 153,693,412 ----------- ---------- ---------- ------------- Deferred Income Taxes 611,415,258 152,725 0 611,567,983 ----------- ---------- ---------- ------------- Total Liabilities 997,920,075 1,707,758 (225,219) 999,402,614 =========== ========== ========== =============
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EXHIBIT A THE DAYTON POWER AND LIGHT COMPANY Page 3 CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1995 ($) DP&L SUBS ELIMIN TOTAL **************************************************************************************** Common Stock 411,722 1,500 (1,500) 411,722 Other Paid-In Capital 738,692,825 5,151,453 (5,151,453) 738,692,825 Earnings Reinvested 1,123,643,097 3,010,569 (4,468,504) 1,122,185,162 Current Net Income 158,529,448 (3,041,710) 3,041,710 158,529,448 Common Dividends & Adj (828,054,998) 0 0 (828,054,998) DP&L Preferred Stock Adj (1,308,984) 0 0 (1,308,984) ------------- ---------- ---------- ------------ Total Earnings Reinvested 452,808,563 (31,141) (1,426,794) 451,350,628 Pref Stock w/o Mand Redmp 22,850,800 0 0 22,850,800 First Mortgage Bonds 883,979,337 0 0 883,979,337 FMB-Debt, Discount & Premium (2,388,149) 0 0 (2,388,149) Pollution Control Bonds 110,000,000 0 0 110,000,000 ------------- ---------- ---------- ------------- Total Long-Term Debt 991,591,188 0 0 991,591,188 ------------- ---------- ---------- ------------- Total Capitalization 2,206,355,098 5,121,812 (6,579,748) 2,204,897,162 ============= ========== ========== ============= ------------- ---------- ---------- ------------- Total Liabilities & Equity 3,204,275,173 6,829,570 (6,804,966) 3,204,299,777 ============= ========== ========== =============
- 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 12/31/95; 2. Inc. Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/95; 3. MVD Consolidating Financial Statements, Income Statement, Year to Date 12/31/95; 4. MVD Consolidating Financial Statements, Balance Sheet, Year to Date 12/31/95; 5. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Income Statement, Year to Date 12/31/95; and 6. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/95. -21- -----END PRIVACY-ENHANCED MESSAGE-----