-----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, JDxLAoyHfKz1jHV1rqiQHVINYxitmngmdGu6FTvy9VaZiFeaLrjKbrbeNzC8hkgO rEk3Nue/TggaL7NfQlKPCQ== 0000787250-99-000003.txt : 19990301 0000787250-99-000003.hdr.sgml : 19990301 ACCESSION NUMBER: 0000787250-99-000003 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990226 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: SEC FILE NUMBER: 069-00247 FILM NUMBER: 99551287 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 DPL INC. 1998 SEC FORM U-3A-2 [As adopted November 9, 1939; amended in Release No. 35- 25746(85,116), effective November 1, 1993, 58 F.R. 14999; and Release No. 35-25886 (85,226), effective November 1, 1993, 58 F.R. 51488.] File No. 69-247 ------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-3A-2 For the fiscal year ended December 31, 1998 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) MVE, Inc. ("MVE"), an Ohio corporation organized on May 1, 1986, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402. MVE provides support services to DPL Inc. and its subsidiaries. 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. MVCTC leases and owns aircraft and has an 82% ownership interest in CTC of Dayton Partnership No. 1 ("CTC"), a partnership described herein. MVCTC is a wholly-owned subsidiary of Claimant. -1- (a) CTC, an Ohio general partnership organized on September 30, 1981 and having its principal executive office at 3501 Hangar Drive, Vandalia, Ohio 45377. CTC provides transportation services pursuant to a service agreement. MVCTC has an 82% ownership 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 communications and other miscellaneous equipment, owns real estate and has, for financial investment purposes, acquired limited partnership interests in wholesale electric generation. MVL has an 18% ownership interest in CTC. MVL owns 100% of the outstanding shares of Miami Valley Market Hub, Inc. ("MVMH") described herein. MVL is a wholly-owned subsidiary of Claimant. (a) MVMH, an Ohio corporation organized on November 14, 1996, and having its principal executive office at Courthouse Plaza Southwest, Dayton, Ohio 45402. MVMH 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 owns 100% of the outstanding shares of Energy Innovations, Inc. ("EII") described herein, has acquired real estate for DP&L and has made investments in non-utility interests. MVDC is a wholly-owned subsidiary of Claimant. -2- (a) EII, 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 3,371,000 KW. Of this capability, 2,843,000 KW (approximately 84%) 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 33 33 Yankee Street W DP&L Centerville, OH 138 138 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 100 100 Tait Gas Turbine 2 W DP&L Moraine, OH 102 102 Tait Gas Turbine 3 W DP&L Moraine, OH 102 102 Killen C DP&L Wrightsville, OH 16 24 Stuart C DP&L Aberdeen, OH 3 10 * W - Wholly Owned; C - Commonly Owned DP&L's electric transmission and distribution lines owned and in service as of December 31, 1998 were as follows: Overhead Lines Underground Lines Nominal Voltage Circuit Miles Cable Miles - --------------- -------------- ----------------- 345 KV 414* 0 138 KV 377 3 69 KV 963 1 33 KV 43 0 Less than 33 KV 33,607 4,939 ------ ----- Total Miles 35,404 4,943 * This figure includes 127 circuit miles of 345 KV lines wholly- owned by DP&L and DP&L's portion (287 circuit miles) of 844 circuit miles of 345 KV lines owned as tenants in common with CG&E and CSP. -4- DP&L wholly owns and operates 148 substations with a total capacity of 13,857,000 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, Panhandle and Market Hub Partners. 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. 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 17,480,659,000 kWh; 35,924,277 MCF (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 -5- (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 1,555,318,000 kWh; 0 MCF 1998 Electric Sales outside the State of Ohio --------------------------------------------- Sales ------------------------------ State Thousands of kWh Dollars ----- ---------------- ------- Alabama 12,304 221,441 Connecticut 39,587 704,804 Florida 152 4,930 Georgia 93,580 2,350,245 Illinois 101,184 1,807,140 Indiana 18,635 476,428 Kentucky 238,545 5,529,441 Maryland 124,409 2,280,212 Massachusetts 4,982 116,222 Michigan 108,939 2,132,663 Minnesota 1,536 23,040 Missouri 1,300 25,085 Nebraska 17,700 609,820 New Jersey 257,753 5,130,307 New York 4,930 874,527 North Carolina 17,589 599,525 North Dakota 5,287 259,733 Oklahoma 12,100 531,063 Oregon 6,600 152,500 Pennsylvania 343,609 8,431,130 Tennessee 3,400 129,312 Texas 136,375 4,818,736 Virginia 4,822 146,942 --------- ---------- TOTAL 1,555,318 37,355,246 ========= ========== -6- (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 619,636,000 kWh; 44,355,307 MCF 1998 Electric Purchases outside the State of Ohio ------------------------------------------------- Purchases ------------------------------ State Thousands of kWh Dollars ----- ---------------- ------- Alabama 5,400 257,395 Connecticut 1,100 128,175 Georgia 16,800 403,041 Illinois 9,631 310,078 Indiana 56,481 2,138,828 Kentucky 64,696 2,367,979 Maryland 7,620 206,955 Massachusetts 3,000 115,575 Michigan 4,125 198,575 Minnesota 1,700 74,125 Missouri 850 27,025 Nebraska 4,646 129,108 New York 24,225 1,831,025 North Carolina 3,950 128,575 North Dakota 300 81,212 Oklahoma 6,400 129,200 Oregon 22,675 321,250 Pennsylvania 188,261 6,195,879 Texas 167,220 7,599,036 Virginia 30,556 1,584,298 ------- ---------- TOTAL 619,636 24,227,334 ======= ========== 1998 Gas Purchases outside the State of Ohio --------------------------------------------- Purchases ------------------------------ State Thousands of MCF Dollars ------ ---------------- ------- Kentucky 4,123 11,227,597 Louisiana 13,182 32,359,272 Oklahoma 14,684 32,133,498 Pennsylvania 4,122 11,227,597 Virginia 4,122 11,227,597 West Virginia 4,122 11,227,597 ------ ----------- TOTAL 44,355 109,403,158 ====== =========== -7- 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. (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 $744,511.75. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period. Capitalization: $10.25 million Earnings: 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 -8- EXHIBIT INDEX Page ---- Exhibit A - Consolidating Financial Statements for 12 twelve months ended December 31, 1998 Exhibit A-1 - Non-Utility Consolidating Financial 17 Statements for twelve months ended December 31, 1998 Exhibit B - Financial Data Schedule 10 Exhibit C - An organizational chart showing the 10 relationship of each EWG or foreign utility company to associate companies in the holding company system Exhibit D - Map showing location of certain major 47 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 48 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 49 natural gas transmission and distribution lines within DP&L's service territory -9- 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, 1998 are attached as Exhibit A. Non-utility consolidating financial statements for the twelve months ended December 31, 1998 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 3,855.9 2 Total Operating Revenues 1,352.3 3 Net Income 189.1 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. -10- The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 26th day of February, 1999. DPL Inc. ------------------ (Name of claimant) By: /s/ James P. Torgerson --------------------------------- James P. Torgerson Vice President, CFO 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) -11- APPENDIX Exhibit D - page 47 - ------------------- 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 48 - ------------------- 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 49 - ------------------- 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. -50- EX-27 2 DPL INC. - OPUR3 FDS
OPUR3 0000787250 DPL INC. 1,000,000 YEAR DEC-31-1998 DEC-31-1998 PER-BOOK 3856 1352 189
EX-27 3 DAYTON POWER & LIGHT COMPANY - OPUR3 FDS
OPUR3 1 DAYTON POWER & LIGHT COMPANY 1,000,000 YEAR DEC-31-1998 DEC-31-1998 PER-BOOK 3412 1284 169
EX-99 4 EXHIBIT A EXHIBIT A DPL INC. CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1998 ($) MILLIONS DPL INC DP&L CONS SUBS ELIMIN TOTAL ------- --------- ---- ------ ----- Utility Service Revenue 0.0 1,284.2 0.0 (2.2) 1,282.0 Non-Utility Revenue 191.8 0.0 90.5 (212.0) 70.3 ----- ------- ---- ----- ------- Total Operating Revenue 191.8 1,284.2 90.5 (214.2) 1,352.3 ----- ------- ---- ----- ------- Fuel and Purchased Power 0.0 257.4 0.0 0.0 257.4 Gas Purchased for Resale 0.0 127.9 58.5 0.0 186.4 Operation & Maintenance 0.8 244.3 7.3 (22.5) 230.0 Depreciation & Amortization 0.0 125.5 1.6 0.0 127.1 General Taxes 0.0 136.2 0.3 0.0 136.5 ----- ------- ---- ----- ------- Total Operating Expense 0.8 891.3 67.7 (22.5) 937.3 ----- ------- ---- ----- ------- Operating Income Before Tax 191.0 392.9 22.8 (191.7) 415.0 Income Taxes (1.5) 113.0 8.9 0.0 120.4 ----- ------- ---- ----- ------- Operating Income After Tax 192.5 279.9 13.9 (191.7) 294.6 Interest Expense 4.3 88.6 0.5 (0.5) 92.9 Preferred Stock Dividends 0.0 0.9 0.0 0.0 0.9 Interest & Other Income & Deductions, net (0.9) (11.2) (11.9) 2.7 (21.3) ----- ------- ---- ----- ------- Net Operating Income 189.1 201.6 25.3 (193.9) 222.1 Deferral (Amort) of Regulatory Assets 0.0 (33.0) 0.0 0.0 (33.0) ----- ------- ---- ----- ------- Net Income 189.1 168.6 25.3 (193.9) 189.1 ===== ======= ==== ===== ======= -12- EXHIBIT A DPL INC. CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1998 ($) MILLIONS DPL INC DP&L CONS SUBS ELIMIN TOTAL ------- --------- ---- ------ ----- Property 0.0 3,714.5 28.8 0.0 3,743.3 Accumulated Depreciation & Amort 0.0 (1,484.9) (19.7) 0.0 (1,504.6) ------- ------- ----- -------- ------- Net Property 0.0 2,229.6 9.1 0.0 2,238.7 ------- ------- ----- -------- ------- Cash & Temporary Investments 0.4 1.9 11.4 0.0 13.7 Accounts Receivable (Net) 12.3 219.2 20.2 (24.0) 227.7 Inventory 0.0 112.2 0.2 0.0 112.4 Taxes Applicable to Subsequent Years 0.0 93.4 0.0 0.0 93.4 Other Current Assets 0.1 49.7 3.2 (5.4) 47.6 ------- ------- ----- ------- ------- Total Current Assets 12.8 476.4 35.0 (29.4) 494.8 ------- ------- ----- ------- ------- Income Tax Assets 0.0 195.5 0.0 0.0 195.5 Regulatory Assets 0.0 82.2 0.0 0.0 82.2 Financial Assets 1.4 232.2 463.5 0.0 697.1 Other Assets 1,548.7 196.5 4.4 (1,602.0) 147.6 ------- ------- ----- ------- ------- Total Other Assets 1,550.1 706.4 467.9 (1,602.0) 1,122.4 ------- ------- ----- ------- ------- Total Assets 1,562.9 3,412.4 512.0 (1,631.4) 3,855.9 ======= ======= ===== ======= ======= Accounts Payable 4.1 106.6 16.3 (18.0) 109.0 Short-Term Debt 15.0 181.2 4.3 (5.6) 194.9 Accrued Taxes 3.8 160.9 0.5 0.0 165.2 Accrued Interest 4.1 20.7 0.0 0.0 24.8 Other Current Liabilities 4.1 50.2 12.0 (11.4) 54.9 ------- ------- ----- ------- ------- Total Current Liabilities 31.1 519.6 33.1 (35.0) 548.8 ------- ------- ----- ------- ------- Deferred Credits & Other 0.1 153.8 150.7 0.0 304.6 Unamort Investment Tax Credit 0.0 69.3 0.1 0.0 69.4 Deferred Income Taxes 0.0 488.2 (19.1) (8.5) 460.6 ------- ------- ----- ------- ------- Total Deferred Credits & Other 0.1 711.3 131.7 (8.5) 834.6 ------- ------- ----- ------- ------- Common Stock 1.6 0.4 0.1 (0.5) 1.6 Other Paid-In Capital 730.0 788.2 280.3 (1,093.9) 704.6 Earnings Reinvested 619.8 450.8 37.6 (477.9) 630.3 Accumulated Other Comprehensive Income 0.0 33.6 29.2 (15.6) 47.2 Pref Stock w/o Mand. Redmp. 0.0 22.9 0.0 0.0 22.9 Total Long-Term Debt 180.3 885.6 0.0 0.0 1,065.9 ------- ------- ----- ------- ------- Total Capitalization 1,531.7 2,181.5 347.2 (1,587.9) 2,472.5 ------- ------- ----- ------- ------- Total Liabilities & Equity 1,562.9 3,412.4 512.0 (1,631.4) 3,855.9 ======= ======= ===== ======= ======= -13- EXHIBIT A THE DAYTON POWER & LIGHT COMPANY CONSOLIDATING FINANCIAL STATEMENTS INCOME STATEMENT YEAR-TO-DATE DECEMBER 31, 1998 ($) MILLIONS DP&L SUBS ELIMIN TOTAL ---- ---- ------ ----- Utility Service Revenue 1,284.2 0.0 0.0 1,284.2 Non-Utility Revenue 0.0 0.7 (0.7) 0.0 ------- --- --- ------- Total Operating Revenue 1,284.2 0.7 (0.7) 1,284.2 ------- --- --- ------- Fuel and Purchased Power 257.3 0.0 0.0 257.3 Gas Purchased for Resale 127.9 0.0 0.0 127.9 Operation & Maintenance 244.2 0.8 (0.7) 244.3 Depreciation & Amortization 125.4 0.2 0.0 125.6 General Taxes 136.2 0.0 0.0 136.2 ------- --- --- ------- Total Operating Expense 891.0 1.0 (0.7) 891.3 ------- --- --- ------- Operating Income Before Tax 393.2 (0.3) 0.0 392.9 Income Taxes 111.7 1.3 0.0 113.0 ------- --- --- ------- Operating Income After Tax 281.5 (1.6) 0.0 279.9 Interest Expense 88.5 0.1 0.0 88.6 Preferred Stock Dividends 0.9 0.0 0.0 0.9 Interest & Other Income deductions, net (9.5) (4.2) 2.5 (11.2) ------- --- --- ------- Net Operating Income 201.6 2.5 (2.5) 201.6 Deferral (Amort) of Regulatory Assets (33.0) 0.0 0.0 (33.0) ------- --- --- ------- Net Income 168.6 2.5 (2.5) 168.6 ======= === === ======= -14- EXHIBIT A THE DAYTON POWER & LIGHT COMPANY CONSOLIDATING FINANCIAL STATEMENTS BALANCE SHEET YEAR-TO-DATE DECEMBER 31, 1998 ($) MILLIONS DP&L SUBS ELIMIN TOTAL ---- ---- ------ ----- Property 3,713.4 2.5 (1.4) 3,714.5 Accumulated Depreciation & Amort (1,483.7) (1.2) 0.0 (1,484.9) ------- ----- ----- ------- Net Property 2,229.7 1.3 (1.4) 2,229.6 ------- ----- ----- ------- Cash & Temporary Investments 0.7 1.2 0.0 1.9 Accounts Receivable (Net) 220.4 0.0 (1.2) 219.2 Inventory 112.2 0.0 0.0 112.2 Taxes Applicable to Subsequent Years 93.4 0.0 0.0 93.4 Other Current Assets 49.7 0.0 0.0 49.7 ------- ----- ----- ------- Total Current Assets 476.4 1.2 (1.2) 476.4 ------- ----- ----- ------- Income Tax Assets 195.5 0.0 0.0 195.5 Regulatory Assets 82.2 0.0 0.0 82.2 Financial Assets 25.3 231.7 (24.8) 232.2 Other Assets 402.9 0.0 (206.4) 196.5 ------- ----- ----- ------- Total Other Assets 705.9 231.7 (231.2) 706.4 ------- ----- ----- ------- Total Assets 3,412.0 234.2 (233.8) 3,412.4 ======= ===== ===== ======= Accounts Payable 106.6 1.0 (1.0) 106.6 Short-Term Debt 179.9 1.5 (0.2) 181.2 Accrued Taxes 160.5 0.4 0.0 160.9 Accrued Interest 20.7 0.0 0.0 20.7 Other Current Liabilities 50.2 0.0 0.0 50.2 ------- ----- ----- ------- Total Current Liabilities 517.9 2.9 (1.2) 519.6 ------- ----- ----- ------- Deferred Credits & Other 153.8 0.0 0.0 153.8 Unamort Investment Tax Credit 69.3 0.0 0.0 69.3 Deferred Income Taxes 488.1 8.8 (8.7) 488.2 ------- ----- ----- ------- Total Deferred Credits & Other 711.2 8.8 (8.7) 711.3 ------- ----- ----- ------- Common Stock 0.4 0.0 0.0 0.4 Other Paid-In Capital 788.2 202.5 (202.5) 788.2 Earnings Reinvested 468.3 3.9 (21.4) 450.8 Accumulated Other Comprehensive Income 17.5 16.1 0.0 33.6 Pref Stock w/o Mand. Redmp. 22.9 0.0 0.0 22.9 Total Long-Term Debt 885.6 0.0 0.0 885.6 ------- ----- ----- ------- Total Capitalization 2,182.9 222.5 (223.9) 2,181.5 ------- ----- ----- ------- Total Liabilities & Equity 3,412.0 234.2 (233.8) 3,412.4 ======= ===== ===== ======= -15- 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 17 through 46 of Exhibit A-1 bearing the following headings: 1. Inc. Consolidation Detail Report, Subsidiaries Unconsolidated, Income Statement, Year to Date 12/31/98; 2. Inc. Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/98; 3. MV Leasing Consolidation Detail Report, Income Statement, Year to Date 12/31/98; 4. MV Leasing Consolidation Detail Report, Balance Sheet, Year to Date 12/31/98; 5. MVD Consolidation Detail Report, Income Statement, Year to Date 12/31/98; 6. MVD Consolidation Detail Report, Balance Sheet, Year to Date 12/31/98; 7. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Income Statement, Year to Date 12/31/98; and 8. DP&L Consolidation Detail Report, Subsidiaries Unconsolidated, Balance Sheet, Year to Date 12/31/98. -16- -----END PRIVACY-ENHANCED MESSAGE-----