-----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, OOVDR+r6Ih0WMouWu56b9gu5I0jnzSNP4OLZUGysZDUA9bkc8nUTxyuSNRA9Sq5K pOs+/xNC8XxQP+rR9seV7A== 0000787250-97-000004.txt : 19970303 0000787250-97-000004.hdr.sgml : 19970303 ACCESSION NUMBER: 0000787250-97-000004 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970228 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: 97546695 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'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) 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 and transportation 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 leases an airplane, 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. -1- (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. MVCTC has a 90% ownership interest in CTC. (3) Miami Valley Leasing, Inc., 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 wholesale electric generation. MVL has a 10% ownership interest in CTC. MVL holds shares of Miami Valley Market Hub, Inc. ("MVMH") described herein. MVL is a wholly-owned subsidiary of Claimant. (a) MVMH is an Ohio corporation organized on November 14, 1996, and having the principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402, and which presently owns a limited partnership interest and investments in a natural gas supplier and natural gas storage facilities. MVL owns 100% of the outstanding shares of MVMH. (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 made investments 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. (8) DPL Energy, Inc. ("DPL Energy"), an Ohio corporation organized on July 8, 1996, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402. DPL Energy has been granted authority to engage in the business of brokering wholesale electric energy. DPL Energy 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 3,264,000 KW. Of this capability, 2,843,000 KW (approximately 87%) 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 418 600 Stuart C DP&L Aberdeen, OH 823 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 Tait Gas Turbine 2 W DP&L Moraine, OH 97 97 * W - Wholly Owned; C - Commonly Owned DP&L's electric transmission and distribution lines owned and in service as of December 31, 1996 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 33,339 4,428 ------ ----- Total Miles 35,119 4,432 * 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 13,474,000 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 16,314,317,000 kWh; 46,745,235 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 662,971,000 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 427,792,000 kWh; 46,995,370 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: 7.254% 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 $617,502.08. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. Capitalization: $8.5 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, 1996 Exhibit A-1 - Non-Utility Consolidating Financial 16 Statements for twelve months ended December 31, 1996 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 40 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 41 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 42 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, 1996 are attached as Exhibit A. Non-utility consolidating financial statements for the twelve months ended December 31, 1996 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 3,418.7 2 Total Operating Revenues 1,270.0 3 Net Income 172.9 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 28th day of February, 1997. DPL Inc. ------------------ (Name of claimant) By /s/ Thomas M. Jenkins ---------------------------------- Thomas M. Jenkins Group Vice President and Treasurer Attest: /s/ Stephen F. Koziar Jr. - ---------------------------------- Stephen F. Koziar, Jr. Group Vice President and Secretary 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 Secretary ---------------------------------------------------------- (Name) (Title) Courthouse Plaza Southwest, Dayton, Ohio 45402 ----------------------------------------------- (Address) -10- APPENDIX Exhibit D - page 40 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 41 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 42 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. -43- EX-27 2 DPL INC. - OPUR3 FDS
OPUR3 1,000,000 YEAR DEC-31-1996 DEC-31-1996 PER-BOOK 3419 1270 173
EX-27 3 DAYTON POWER & LIGHT COMPANY - OPUR3 FDS
OPUR3 1 DAYTON POWER & LIGHT CO 1,000,000 YEAR DEC-31-1996 DEC-31-1996 PER-BOOK 3243 1258 164
EX-99 4 EXHIBIT A
EXHIBIT A DPL INC. CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1996 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL *********************************************************************************************************** Utility Service Revenue 0 1,258,444,682 0 (2,312,084) 1,256,132,598 Non-Utility Revenue 171,577,641 0 66,769,985 (224,521,922) 13,825,704 ----------- ------------- ---------- ----------- ------------- Total Operating Revenue 171,577,641 1,258,444,682 66,769,985 (226,834,006) 1,269,958,302 ----------- ------------- ---------- ----------- ------------- Fuel and Purchased Power 0 234,961,820 0 0 234,961,820 Gas Purchased for Resale 0 144,789,162 0 0 144,789,162 Operation & Maintenance 474,577 267,001,167 50,529,716 (55,256,364) 262,749,096 Depreciation & Amortization 0 122,332,000 3,055,821 0 125,387,821 General Taxes 0 129,250,957 418,553 0 129,669,510 ----------- ------------- ---------- ----------- ------------- Total Operating Expense 474,577 898,335,105 54,004,090 (55,256,364) 897,557,408 ----------- ------------- ---------- ----------- ------------- Operating Income Before Tax 171,103,064 360,109,577 12,765,896 (171,577,642) 372,400,895 Income Taxes 571,693 97,664,680 5,240,850 0 103,477,223 ----------- ------------- ---------- ----------- ------------- Operating Income After Tax 170,531,371 262,444,897 7,525,046 (171,577,642) 268,923,672 Interest Expense 994,913 89,076,218 3,386,405 (4,419,110) 89,038,426 Preferred Stock Dividends 0 866,943 0 0 866,943 Interest & Other Inc & Deductions, net (3,365,122) (6,697,651) (5,087,127) 6,008,588 (9,141,312) ----------- ------------- ---------- ----------- ------------- Net Operating Income 172,901,580 179,199,387 9,225,768 (173,167,119) 188,159,616 Deferral (Amort) of Reg Assets 0 (15,258,035) 0 0 (15,258,035) ----------- ------------- ---------- ----------- ------------- Net Income 172,901,580 163,941,351 9,225,768 (173,167,119) 172,901,580 =========== ============= ========== =========== =============
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EXHIBIT A DPL INC. CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1996 ($) DPL INC DP&L CONS SUBS ELIMIN TOTAL ************************************************************************************************************* Property 0 3,519,138,709 29,477,841 0 3,548,616,550 Accumulated Depreciation & Amort 0 (1,260,673,703) (19,078,595) 0 (1,279,752,298) ------------- ------------- ----------- ------------- ------------- Net Property 0 2,258,465,006 10,399,246 0 2,268,864,252 ------------- ------------- ----------- ------------- ------------- Cash & Temporary Investments 8,868,833 2,058,118 61,858,472 0 72,785,423 Accounts Receivable (Net) 22,194,151 193,417,392 70,193,949 (83,901,311) 201,904,181 Inventory 0 75,150,522 724,913 0 75,875,435 Taxes Applicable to Subsequent Yrs 0 87,343,379 0 0 87,343,379 Other Current Assets 0 54,296,416 5,389,431 (6,097,460) 53,588,387 ------------- ------------- ----------- ------------- ------------- Total Current Assets 31,062,984 412,265,827 138,166,766 (89,998,771) 491,496,806 ------------- ------------- ----------- ------------- ------------- Income Tax Assets 0 222,406,990 0 0 222,406,990 Regulatory Assets 0 137,289,183 0 0 137,289,183 Financial Assets 1,296,490,303 55,965,859 116,484,569 (1,298,569,994) 170,370,737 Other Assets 378,585 156,786,029 8,517,135 (37,421,897) 128,259,852 ------------- ------------- ----------- ------------- ------------- Total Other Assets 1,296,868,888 572,448,060 125,001,704 (1,335,991,891) 658,326,761 ------------- ------------- ----------- ------------- ------------- Total Assets 1,327,931,871 3,243,178,893 273,567,716 (1,425,990,662) 3,418,687,818 ============= ============= =========== ============= ============= Accounts Payable 14,974,442 109,637,140 30,782,226 (40,978,510) 114,415,298 Current Portion - Long-Term Debt 2,000,000 40,400,000 0 0 42,400,000 Short-Term Debt 0 11,305,474 25,201,935 (26,507,409) 10,000,000 Accrued Taxes 551,536 136,554,288 589,005 0 137,694,829 Accrued Interest 3,249,450 21,585,707 0 0 24,835,157 Other Current Liabilities 45,386 49,184,275 56,765,347 (49,020,260) 56,974,748 ------------- ------------- ----------- ------------- ------------- Total Current Liabilities 20,820,813 368,666,885 113,338,512 (116,506,179) 386,320,031 ------------- ------------- ----------- ------------- ------------- Deferred Credits & Other 0 119,511,479 111,719,407 0 231,230,886 Unamort Investment Tax Credit 0 75,208,759 192,400 0 75,401,159 Deferred Income Taxes (5,228) 513,160,834 (20,984,799) (4,099,375) 488,071,432 ------------- ------------- ----------- ------------- ------------- Total Deferred Credits & Other (5,228) 707,881,072 90,927,008 (4,099,375) 794,703,477 ------------- ------------- ----------- ------------- ------------- Common Stock 1,060,099 411,722 127,500 (539,222) 1,060,099 Other Paid-In Capital 680,438,691 738,879,823 55,429,411 (820,018,680) 654,729,245 Earnings Reinvested 537,617,495 478,215,423 13,745,285 (484,827,206) 544,750,997 Pref Stock w/o Mand Redmp 0 22,850,800 0 0 22,850,800 Total Long-Term Debt 88,000,000 926,273,167 0 0 1,014,273,167 ------------- ------------- ----------- ------------- ------------- Total Capitalization 1,307,116,285 2,166,630,935 69,302,196 (1,305,385,107) 2,237,664,309 ------------- ------------- ----------- ------------- ------------- Total Liabilities & Equity 1,327,931,871 3,243,178,892 273,567,716 (1,425,990,661) 3,418,687,818 ============= ============= =========== ============= =============
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EXHIBIT A THE DAYTON POWER & LIGHT COMPANY CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1996 ($) DP&L SUBS ELIMIN TOTAL ********************************************************************************************* Utility Service Revenue 1,258,444,682 0 0 1,258,444,682 Non-Utility Revenue 0 669,600 (669,600) 0 ------------- ---------- ---------- ------------- Total Operating Revenue 1,258,444,682 669,600 (669,600) 1,258,444,682 ------------- ---------- ---------- ------------- Fuel and Purchased Power 234,961,820 0 0 234,961,820 Gas Purchased for Resale 144,789,162 0 0 144,789,162 Operation & Maintenance 267,203,440 467,327 (669,600) 267,001,167 Depreciation & Amortization 122,188,780 143,220 0 122,332,000 General Taxes 129,214,464 36,493 0 129,250,957 ------------- ---------- ---------- ------------- Total Operating Expense 898,357,665 647,040 (669,600) 898,335,105 ------------- ---------- ---------- ------------- Operating Income Before Tax 360,087,017 22,560 0 360,109,577 Income Taxes 97,935,933 (271,253) 0 97,664,680 ------------- ---------- ---------- ------------- Operating Income After Tax 262,151,084 293,813 0 262,444,897 Interest Expense 88,967,700 118,493 (9,975) 89,076,218 Preferred Stock Dividends 866,943 0 0 866,943 Interest & Other Inc & Deductions, net (6,882,946) 738,286 (552,990) (6,697,650) ------------- ---------- ---------- ------------- Net Operating Income 179,199,387 (562,965) 562,965 179,199,387 Deferral (Amort) of Reg Assets (15,258,035) 0 0 (15,258,035) ------------- ---------- ---------- ------------- Net Income 163,941,351 (562,965) 562,965 163,941,351 ============= ========== ========== =============
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EXHIBIT A THE DAYTON POWER & LIGHT COMPANY CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1996 ($) DP&L SUBS ELIMIN TOTAL ****************************************************************************************** Property 3,517,934,525 2,662,120 (1,457,936) 3,519,138,709 Accumulated Depreciation & Amort (1,259,719,169) (954,534) 0 (1,260,673,703) ------------- ---------- ---------- ------------- Net Property 2,258,215,355 1,707,586 (1,457,936) 2,258,465,005 ------------- ---------- ---------- ------------- Cash & Temporary Investments 1,763,193 294,925 0 2,058,118 Accounts Receivable (Net) 193,567,210 675,226 (825,044) 193,417,392 Inventory 75,150,522 0 0 75,150,522 Taxes Applicable to Subsequent Yrs 87,343,379 0 0 87,343,379 Other Current Assets 54,296,446 (30) 0 54,296,416 ------------- ---------- ---------- ------------- Total Current Assets 412,120,751 970,121 (825,044) 412,265,828 ------------- ---------- ---------- ------------- Income Tax Assets 222,406,990 0 0 222,406,990 Regulatory Assets 137,289,183 0 0 137,289,183 Financial Assets 53,488,747 52,201,055 (49,723,943) 55,965,859 Other Assets 156,785,278 751 0 156,786,029 ------------- ---------- ---------- ------------- Total Other Assets 569,970,197 52,201,806 (49,723,943) 572,448,060 ------------- ---------- ---------- ------------- Total Assets 3,240,306,303 54,879,513 (52,006,923) 3,243,178,893 ============= ========== ========== ============= Accounts Payable 110,308,157 34,027 (705,044) 109,637,140 Current Portion - First Mort Bonds 40,400,000 0 0 40,400,000 Short-Term Debt 10,000,000 1,425,474 (120,000) 11,305,474 Accrued Taxes 136,035,285 519,003 0 136,554,288 Accrued Interest 21,585,707 0 0 21,585,707 Other Current Liabilities 49,184,275 0 0 49,184,275 ------------- ---------- ---------- ------------- Total Current Liabilities 367,513,425 1,978,504 (825,044) 368,666,885 ------------- ---------- ---------- ------------- Deferred Credits & Other 119,511,479 0 0 119,511,479 Unamort Investment Tax Credit 75,208,759 0 0 75,208,759 Deferred Income Taxes 511,939,937 1,220,898 0 513,160,835 ------------- ---------- ---------- ------------- Total Deferred Credits & Other 706,660,175 1,220,898 0 707,881,073 ------------- ---------- ---------- ------------- Common Stock 411,722 1,500 (1,500) 411,722 Other Paid-In Capital 738,879,823 50,316,549 (50,316,549) 738,879,823 Earnings Reinvested 477,717,191 1,362,061 (863,829) 478,215,423 Pref Stock w/o Mand Redmp 22,850,800 0 0 22,850,800 Total Long-Term Debt 926,273,167 0 0 926,273,167 ------------- ---------- ---------- ------------- Total Capitalization 2,166,132,703 51,680,111 (51,181,879) 2,166,630,935 ------------- ---------- ---------- ------------- Total Liabilities & Equity 3,240,306,303 54,879,513 (52,006,923) 3,243,178,893 ============= ========== ========== =============
- 14 - 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 16 through 39 of Exhibit A-1 bearing the following headings: 1. Inc. Consolidation Detail Report, Subsidiaries Unconsolidated, Income Statement, Year to Date 12/31/96; 2. Inc. Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/96; 3. MVD Consolidation Detail Report, Income Statement, Year to Date 12/31/96; 4. MVD Consolidation Detail Report, Balance Sheet, Year to Date 12/31/96; 5. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Income Statement, Year to Date 12/31/96; and 6. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/96. -15- -----END PRIVACY-ENHANCED MESSAGE-----