August 26, 2004
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
INTERIM REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
NISOURCE INC.
801 E. 86TH AVE.
MERRILLVILLE, IN 46410
FILE NO. 70-10169
Gentlemen:
In compliance with the terms and conditions of Rule 24 under the Public
Utility Holding Company Act of 1935, and the Order of the Commission dated
December 30, 2003, authorizing the financing transactions and business
activities as more fully described in the Joint Application/Declaration, as
amended, in those proceedings, the undersigned hereby certifies to the
Commission that, during the quarter ended June 30, 2004:
1. The sales of any common stock and the purchase price per share and the
market price per share at the date of the agreement of sale
None
2. The total number of shares of common stock issued or issuable under
options granted during the quarter under NiSource's benefit plans or
otherwise
40,500
3. If common stock has been transferred to a seller of securities of a
company being acquired, the number of shares so issued, the value per
share and whether the shares are restricted to the acquiror
None
4. The amount and terms of any long-term debt, preferred stock, preferred
securities, equity-linked securities or short-term debt issued directly or
indirectly by NiSource
Please see Exhibit 1
5. The maximum outstanding amount of all borrowings under or investments in
the money pool by each money pool participant during the quarter, and the
rate or range of rates charged on money pool borrowings and paid on money
pool investments
Please see Exhibit 2
6. The number of shares of common stock issued by Columbia to NiSource and
the price per share paid
None
7. The principal amount, interest rate and maturity of any long-term debt
security issued by Columbia to NiSource Finance or other financing
subsidiary of NiSource
None
8. The number of shares of common stock issued by Columbia Maryland to
Columbia and the price per share paid
None
9. The principal amount, interest rate and maturity of any long-term debt
security issued by Columbia Maryland to Columbia
None
1
10. The amount and terms of any financings consummated by any non-utility
subsidiary that are not exempt under Rule 52
None
11. The name of the guarantor and of the beneficiary of any parent guarantee
or non-utility subsidiary guarantee issued, and the amount, terms and
purpose of the guarantee
Please see Exhibit 3
12. The notional amount and principal terms of any interest rate hedge or
anticipatory hedge entered into and identity of the parties to such
instruments
On May 12, 2004, NiSource entered into fixed-to-variable interest
rate swap agreements in a notional amount of $660.0 million with six
counterparties having a 6 1/2-year term. NiSource will receive
payments based upon a fixed 7.875% interest rate and pay a floating
interest amount based on U.S. 6-month British Banker Association
(BBA) LIBOR plus an average of 3.08% per annum.
13. The name, parent company, and amount invested in any new intermediate
subsidiary or financing subsidiary
None
14. A list of Form U-6B-2 statements filed with the Commission, including the
name of the filing entity and the date of the filing
None
15. Consolidated balance sheets as of the end of the quarter, and separate
balance sheets as of the end of the quarter for each company, including
NiSource and Columbia, that has engaged in authorized financing
transactions during the quarter
Please see the attached Exhibits 4 through 15 for balance sheets for
NiSource, Columbia Energy Group, Northern Indiana Public Service
Company, Bay State Gas Company, Northern Utilities, Kokomo Gas and
Fuel, Northern Indiana Fuel and Light, Columbia Gas of Kentucky,
Columbia Gas of Ohio, Columbia Gas of Pennsylvania Columbia Gas of
Virginia and Columbia Gas of Maryland
Very truly yours,
NiSource Inc.
By: /s/ Jeffrey W. Grossman
---------------------------------------------
Jeffrey W. Grossman
Vice President
2
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #4
AMOUNT ISSUED DURING AMOUNT OUTSTANDING
SECOND QUARTER OF 2004 JUNE 30, 2004 TYPE OF DEBT
COMPANY (IN THOUSANDS) (IN THOUSANDS) OR SECURITY TERMS
------- ---------------------- ------------------ --------------- -----------------------------------
NiSource Finance Corp. - 143,500 Short-term Debt Credit facility advances with a
weighted average interest rate
of 2.275%
NiSource Finance Corp. - 5,573,101 Long-term Debt Various maturity dates and weighted
average interest rates
3
EXHIBIT #2
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #5
MAXIMUM AMOUNT MAXIMUM AMOUNT AVERAGE INTEREST
OUTSTANDING DURING INVESTED DURING RATE DURING
SUBSIDIARY (AMOUNTS IN THOUSANDS) SECOND QUARTER OF 2004 SECOND QUARTER OF 2004 SECOND QUARTER OF 2004
---------------------------------------------------------------------------------------------------------------------------
Bay State Gas Company 183,238 0 1.84%
Columbia Assurance Agency, Inc. N/A 37 1.84%
Columbia Accounts Receivable Corporation N/A 10,045 1.84%
Columbia Atlantic Trading Corporation N/A 3,938 1.84%
Columbia Deep Water Services Company 101 100 1.84%
Columbia Electric Corporation N/A 6,312 1.84%
Columbia Energy Services Corporation 52,257 0 1.84%
Columbia Energy Group N/A 543,840 1.84%
Columbia Gulf Transmission Company 0 19,200 1.84%
Columbia Gas of Virginia, Inc. 0 28,798 1.84%
NiSource Insurance Corporation, Ltd. N/A 22 1.84%
Columbia Gas of Kentucky, Inc. 0 38,726 1.84%
Columbia Gas of Maryland, Inc. 0 19,345 1.84%
CNS Microwave, Inc. N/A 1,876 1.84%
Columbia Network Services Corporation N/A 3,144 1.84%
Columbia Gas of Ohio, Inc. 46,663 209,292 1.84%
Columbia of Ohio Receivables Corp 0 0 1.84%
Columbia Gas of Pennsylvania, Inc. 25,102 39,398 1.84%
Columbia Remainder Corporation 0 0 1.84%
Crossroads Pipeline 15,100 0 1.84%
NiSource Corporate Services Company 73,592 0 1.84%
NiSource Development Company, Inc. 184,105 0 1.84%
EnergyUSA, Inc. 36,768 0 1.84%
EnergyUSA, Inc. (MA) 0 1,746 1.84%
Kokomo Gas and Fuel Company 0 5,407 1.84%
NiSource Capital Markets. Inc. N/A 30,782 1.84%
NI Energy Services, Inc. 49,399 0 1.84%
NiSource Energy Technologies, Inc. 21,555 0 1.84%
NiSource Finance Corp. N/A 582,817 1.84%
NiSource Inc. N/A 63,350 1.84%
Northern Indiana Fuel and Light Company, Inc. 0 15,098 1.84%
Northern Indiana Public Service Company 473,059 0 1.84%
NiSource Retail Service Corp 0 1,138 1.84%
Granite State Gas Transmission 8,328 0 1.84%
Northern Utilities, Inc. 309 10,493 1.84%
PEI Holdings, Inc. 118,775 0 1.84%
Columbia Gas Transmission Corporation 21,565 50,921 1.84%
EnergyUSA-TPC Corp. 14,671 29,584 1.84%
4
EXHIBIT #3
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM # 11
GUARANTEES
ISSUED DURING
2ND QUARTER 2004
GUARANTOR SUBSIDIARY (IN THOUSANDS) PURPOSE
--------------------------------------------------------------------------------------------------------------------------
NiSource/NiSource Capital Markets EnergyUSA - TPC 34,884 Guarantee energy trading contracts
5
EXHIBIT #4
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 16,041,926
Accumulated depreciation and amortization (7,146,627)
------------
Net Utility Plant 8,895,299
------------
Other property, at cost, less accumulated depreciation 462,362
------------
Net Property, Plant and Equipment 9,357,661
------------
INVESTMENTS:
Assets of discontinued operations and assets held for sale 20,721
Unconsolidated affiliates 96,292
Other investments 69,942
------------
Total Investments 186,955
------------
CURRENT ASSETS:
Cash and cash equivalents 16,432
Restricted cash 15,324
Accounts receivable - less reserve 311,125
Unbilled revenue - less reserve 120,745
Gas inventory 230,760
Underrecovered gas and fuel costs 159,055
Material and supplies, at average cost 71,812
Electric production fuel, at average cost 30,534
Price risk management asset 85,445
Exchange gas receivable 157,785
Regulatory assets 123,933
Prepayments and other 66,480
------------
Total Current Assets 1,389,430
------------
OTHER ASSETS:
Price risk asset long term 110,784
Regulatory assets 581,518
Goodwill 3,704,025
Intangible assets 520,288
Deferred charges and other 152,548
------------
Total Other Assets 5,069,163
------------
TOTAL ASSETS $ 16,003,209
============
6
EXHIBIT #4
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
-------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock Equity $ 4,500,739
Preferred Stocks -
Subsidiary Companies
Series without mandatory redemption provisions 81,114
Long-term debt, excluding amounts due within one year 5,573,101
------------
Total Capitalization 10,154,954
------------
CURRENT LIABILITIES:
Current portion of long-term debt 366,104
Short-term borrowings 143,500
Accounts payable 482,813
Dividends declared on common and preferred stocks 61,681
Customer deposits 82,021
Taxes accrued 254,292
Interest accrued 82,230
Overrecovered gas and fuel costs 32,724
Price risk management liabilities 36,897
Exchange gas payable 249,495
Current deferred revenue 25,363
Regulatory liabilities 84,947
Accrued liability for postretirement and pension benefits 75,086
Other accruals 305,237
------------
Total current liabilities 2,282,390
------------
OTHER:
Price risk management liabilities 6,289
Deferred income taxes 1,612,300
Deferred investment tax credits 82,860
Deferred credits 59,662
Non-current deferred revenue 92,835
Accrued liability for postretirement and pension benefits 408,160
Preferred stock liabilities with mandatory redemption provisions 2,438
Regulatory liabilities and other removal costs 1,089,685
Other noncurrent liabilities 211,636
------------
Total other 3,565,865
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 16,003,209
============
7
EXHIBIT #5
COLUMBIA ENERGY GROUP
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility Plant $ 8,248,823
Accumulated depreciation and amortization (3,687,513)
------------
Net utility plant 4,561,310
------------
Other property, at cost, less accumulated depreciation 1,804
------------
Net Property, Plant and Equipment 4,563,114
------------
INVESTMENTS AND OTHER ASSETS
Assets of discontinued operations and assets held for sale 20,721
Unconsolidated affiliates 35,200
Other investments 45,047
------------
Total Investments 100,968
------------
CURRENT ASSETS
Cash and cash equivalents 692,928
Restricted cash 804
Accounts receivable - less reserve 109,784
Unbilled revenue - less reserve 79,293
Gas inventory 138,167
Underrecovered gas and fuel costs 118,377
Materials and supplies, at average cost 21,229
Price risk management assets 45,975
Exchange gas receivable 127,587
Regulatory assets 96,652
Prepayments and other 50,672
------------
Total Current Assets 1,481,468
------------
OTHER ASSETS
Price risk management assets 108,718
Regulatory assets 350,295
Intangible assets, less accumulated amortization 931
Deferred charges and other 93,273
------------
Total Other Assets 553,217
------------
TOTAL ASSETS $ 6,698,767
============
8
EXHIBIT #5
COLUMBIA ENERGY GROUP
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
-------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity $ 2,813,548
Long-term debt, excluding amounts due within one year 1,356,748
------------
Total Capitalization 4,170,296
------------
CURRENT LIABILITIES
Current portion of long-term debt 302
Accounts payable 246,413
Customer deposits 23,994
Taxes accrued 153,699
Interest accrued 10,883
Overrecovered gas and fuel costs 6,746
Price risk management liabilities 1,205
Exchange gas payable 248,231
Current deferred revenue 22,814
Regulatory liabilities 82,757
Accrued liability for postretirement and postemployment benefits 25,277
Other accruals 219,128
------------
Total Current Liabilities 1,041,449
------------
OTHER LIABILITIES AND DEFERRED CREDITS
Deferred income taxes 793,092
Deferred investment tax credits 26,182
Deferred credits 47,533
Noncurrent deferred revenue 92,407
Accrued liability for postretirement and postemployment benefits 96,761
Regulatory liabilities and other cost of removal 311,180
Other noncurrent liabilities 118,867
------------
Total Other 1,486,022
------------
COMMITMENTS AND CONTINGENCIES -
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 6,697,767
============
9
EXHIBIT #6
NORTHERN INDIANA PUBLIC SERVICE COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 6,686,358
Accumulated depreciation and amortization (3,134,931)
------------
Net Utility Plant 3,551,427
------------
OTHER PROPERTY AND INVESTMENTS 2,335
------------
CURRENT ASSETS:
Cash and cash equivalents 2,440
Restricted cash 2,887
Accounts receivable - less reserve 62,205
Unbilled revenue - less reserve 31,420
Material and supplies, at average cost 44,668
Electric production fuel, at average cost 30,534
Natural gas in storage, at last in, first-out cost 52,782
Price risk management assets 1,584
Regulatory assets 15,519
Prepayments and other 45,647
------------
Total Current Assets 289,686
------------
OTHER ASSETS:
Regulatory assets 202,305
Intangible assets 25,161
Prepayments and other 5,436
------------
Total Other Assets 232,902
------------
TOTAL ASSETS $ 4,076,350
============
10
EXHIBIT #6
NORTHERN INDIANA PUBLIC SERVICE COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 1,060,606
Preferred Stocks -
Series without mandatory redemption provisions 81,114
Long-term debt, excluding amount due within one year 531,789
------------
Total Capitalization 1,673,509
------------
CURRENT LIABILITIES:
Current portion of long-term debt 71,275
Short-term borrowings 464,771
Accounts payable 146,071
Dividends declared on common and preferred stock 1,091
Customer deposits 53,079
Taxes accrued 104,393
Interest accrued 6,508
Overrecovered gas and fuel costs 24,414
Price risk management liabilities 1,003
Accrued liability for postretirement and pension benefits 23,027
Other accruals 48,728
------------
Total current liabilities 944,360
------------
OTHER:
Deferred income taxes 446,314
Deferred investment tax credits 53,704
Deferred credits 18,948
Accrued liability for postretirement and pension benefits 227,235
Preferred stock liabilities with mandatory redemption provisions 2,437
Regulatory liabilities and other removal costs 687,266
Other noncurrent liabilities 22,577
------------
Total other 1,458,481
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 4,076,350
============
11
EXHIBIT #7
BAY STATE GAS COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 936,755
Accumulated depreciation and amortization (248,932)
------------
Net Utility Plant 687,823
------------
OTHER PROPERTY AND INVESTMENTS 1,912
------------
INVESTMENTS:
Unconsolidated affiliates 34
------------
Total Investments 34
------------
CURRENT ASSETS:
Cash and cash equivalents 1,712
Restricted cash 232
Accounts receivable - less reserve 68,045
Unbilled revenue - less reserve 9,572
Gas Inventory 30,427
Underrecovered gas and fuel costs 38,832
Material and supplies, at average cost 4,107
Price risk management asset 1,160
Exchange gas receivable 28,029
Regulatory assets 11,605
Prepayments and other 2,249
------------
Total Current Assets 195,970
------------
OTHER ASSETS:
Price risk management asset 25
Regulatory assets 36,260
Intangible assets 467,517
Deferred charges and other 13,339
------------
Total Other Assets 517,141
------------
TOTAL ASSETS $ 1,402,880
============
12
EXHIBIT #7
BAY STATE GAS COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 551,615
Long-term debt excluding amt due within one year 163,500
------------
Total Capitalization 715,115
------------
CURRENT LIABILITIES:
Current portion of long-term debt 10,833
Short-term borrowings 165,164
Accounts payable 39,083
Customer deposits 4,211
Taxes accrued 17,905
Interest accrued 1,414
Regulatory liabilities 2,191
Other accruals 28,801
------------
Total current liabilities 269,602
------------
OTHER:
Deferred income taxes 291,721
Deferred investment tax credits 2,279
Accrued liability for postretirement and pension benefits 19,627
Regulatory liabilities and other removal costs 94,245
Other noncurrent liabilities 10,291
------------
Total other 418,163
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,402,880
============
13
EXHIBIT #8
NORTHERN UTILITIES, INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 179,254
Accumulated depreciation and amortization (43,758)
------------
Net Utility Plant 135,496
------------
OTHER PROPERTY AND INVESTMENTS 1,838
------------
INVESTMENTS:
Unconsolidated affiliates 2
------------
Total Investments 2
------------
CURRENT ASSETS:
Cash and cash equivalents 500
Restricted cash 232
Accounts receivable - less reserve 16,149
Unbilled revenue - less reserve 2,068
Gas inventory 802
Underrecovered gas and fuel costs 3,702
Material and supplies, at average cost 871
Price risk management asset 1,160
Exchange gas receivable 20,317
Prepayments and other 454
------------
Total Current Assets 46,255
------------
OTHER ASSETS:
Price risk management asset 25
Regulatory assets 19,769
Intangible assets 78,993
Deferred charges and other 1,830
------------
Total Other Assets 100,617
------------
TOTAL ASSETS $ 284,208
============
14
EXHIBIT #8
NORTHERN UTILITIES, INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 119,226
Long-term debt excluding amt due within one year 65,000
------------
Total Capitalization 184,226
------------
CURRENT LIABILITIES:
Current portion of long-term debt 833
Accounts payable 13,093
Customer deposits 958
Interest accrued 147
Regulatory liabilities 1,406
Other accruals 7,138
------------
Total current liabilities 23,575
------------
OTHER:
Deferred income taxes 53,641
Deferred investment tax credits 227
Accrued liability for postretirement and pension benefits 2,667
Regulatory liabilities and other removal costs 13,219
Other noncurrent liabilities 6,653
------------
Total other 76,407
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 284,208
============
15
EXHIBIT #9
KOKOMO GAS AND FUEL COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 56,925
Accumulated depreciation and amortization (33,505)
------------
Net Utility Plant 23,420
------------
INVESTMENTS:
Unconsolidated affiliates 5
------------
Total Investments 5
------------
CURRENT ASSETS:
Cash and cash equivalents 589
Accounts receivable - less reserve 8,977
Gas Inventory 892
Material and supplies, at average cost 451
Prepayments and other 6
------------
Total Current Assets 10,915
------------
OTHER ASSETS:
Regulatory assets 381
Goodwill 16,439
Intangible assets 159
Deferred charges and other 190
------------
Total Other Assets 17,169
------------
TOTAL ASSETS $ 51,509
============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 38,471
------------
Total Capitalization 38,471
------------
CURRENT LIABILITIES:
Accounts payable 1,761
Customer deposits 505
Taxes accrued 339
Interest accrued 154
Overrecovered gas and fuel costs 1,564
Other accruals 2,229
------------
Total current liabilities 6,552
------------
OTHER:
Deferred income taxes 3,332
Deferred investment tax credits 411
Accrued liability for postretirement and pension benefits 1,262
Regulatory liabilities and other removal costs 1,477
Other noncurrent liabilities 4
------------
Total other 6,486
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 51,509
============
16
EXHIBIT #10
NORTHERN INDIANA FUEL AND LIGHT COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 57,238
Accumulated depreciation and amortization (24,359)
------------
Net Utility Plant 32,879
------------
OTHER PROPERTY AND INVESTMENTS 708
------------
CURRENT ASSETS:
Cash and cash equivalents 609
Accounts receivable - less reserve 16,327
Unbilled revenue - less reserve 681
Gas inventory 3,340
Underrecovered gas and fuel costs 1,847
Material and supplies, at average cost 306
Price risk management asset 177
Prepayments and other 60
------------
Total Current Assets 23,347
------------
OTHER ASSETS:
Regulatory assets 82
Goodwill 13,307
Intangible assets 591
Deferred charges and other 502
------------
Total Other Assets 14,482
------------
TOTAL ASSETS $ 71,416
============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 51,035
------------
Total Capitalization 51,035
------------
CURRENT LIABILITIES:
Accounts payable 3,938
Customer deposits 196
Taxes accrued 948
Interest accrued 32
Other accruals 588
------------
Total current liabilities 5,702
------------
OTHER:
Deferred income taxes 5,566
Deferred investment tax credits 266
Deferred credits 179
Accrued liability for postretirement and pension benefits 7,442
Regulatory liabilities and other removal costs 1,000
Other noncurrent liabilities 226
------------
Total other 14,679
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 71,416
============
17
EXHIBIT #11
COLUMBIA GAS OF KENTUCKY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 239,379
Accumulated depreciation and amortization (86,677)
------------
Net Utility Plant 152,702
------------
CURRENT ASSETS:
Cash and cash equivalents 330
Accounts receivable - less reserve 41,607
Unbilled revenue - less reserve 2,289
Gas inventory 5,083
Underrecovered gas and fuel costs 6,739
Material and supplies, at average cost 64
Exchange gas receivable 333
Regulatory assets 555
Prepayments and other 882
------------
Total Current Assets 57,882
------------
OTHER ASSETS:
Regulatory assets 2,744
Deferred charges and other 781
------------
Total Other Assets 3,525
------------
TOTAL ASSETS $ 214,109
============
18
EXHIBIT #11
COLUMBIA GAS OF KENTUCKY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 84,748
Long-term debt excluding amt due within one year 42,132
------------
Total Capitalization 126,880
------------
CURRENT LIABILITIES:
Current portion of long-term debt 33
Accounts payable 16,852
Customer deposits 2,585
Taxes accrued 7,258
Interest accrued 62
Price risk management liabilities 23
Exchange gas payable 7,895
Regulatory liabilities 3,169
Accrued liability for postretirement and pension benefits 465
Other accruals 5,944
------------
Total current liabilities 44,286
------------
OTHER:
Deferred income taxes 15,842
Deferred investment tax credits 1,162
Accrued liability for postretirement and pension benefits 1,504
Regulatory liabilities and other removal costs 23,394
Other noncurrent liabilities 1,041
------------
Total other 42,943
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 214,109
============
19
EXHIBIT #12
COLUMBIA GAS OF OHIO
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,596,578
Accumulated depreciation and amortization (559,725)
------------
Net Utility Plant 1,036,853
------------
OTHER PROPERTY AND INVESTMENTS 1,270
------------
CURRENT ASSETS:
Cash and cash equivalents 1,972
Accounts receivable - less reserve 42,636
Unbilled revenue - less reserve 60,247
Gas inventory 90,832
Underrecovered gas and fuel costs 89,478
Material and supplies, at average cost 2,092
Exchange gas receivable 52,182
Regulatory assets 74,632
Prepayments and other 13,062
------------
Total Current Assets 427,133
------------
OTHER ASSETS:
Regulatory assets 223,311
Intangible assets 318
Deferred charges and other 74,918
------------
Total Other Assets 298,547
------------
TOTAL ASSETS $ 1,763,803
============
20
EXHIBIT #12
COLUMBIA GAS OF OHIO
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 516,261
Long-term debt excluding amt due within one year 306,701
------------
Total Capitalization 822,962
------------
CURRENT LIABILITIES:
Current portion of long-term debt 249
Accounts payable 160,644
Customer deposits 12,554
Taxes accrued 19,344
Interest accrued 977
Price risk management liabilities 715
Exchange gas payable 130,923
Current deferred revenue 1,438
Regulatory liabilities 77,424
Accrued liability for postretirement and pension benefits 7,938
Other accruals 112,464
------------
Total current liabilities 524,670
------------
OTHER:
Deferred income taxes 163,321
Deferred investment tax credits 14,706
Accrued liability for postretirement and pension benefits 43,903
Regulatory liabilities and other removal costs 141,615
Other noncurrent liabilities 52,626
------------
Total other 416,171
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,763,803
============
21
EXHIBIT #13
COLUMBIA GAS OF PENNSYLVANIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 690,232
Accumulated depreciation and amortization (235,909)
------------
Net Utility Plant 454,323
------------
OTHER PROPERTY AND INVESTMENTS 8
------------
CURRENT ASSETS:
Cash and cash equivalents 1,277
Accounts receivable - less reserve 68,409
Unbilled revenue - less reserve 12,094
Gas inventory 31,974
Underrecovered gas and fuel costs 22,160
Material and supplies, at average cost 1,022
Exchange gas receivable 21,778
Regulatory assets 5,497
Prepayments and other 497
------------
Total Current Assets 164,708
------------
OTHER ASSETS:
Regulatory assets 68,951
Intangible assets 36
Deferred charges and other 2,314
------------
Total Other Assets 71,301
------------
TOTAL ASSETS $ 690,340
============
22
EXHIBIT #13
COLUMBIA GAS OF PENNSYLVANIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 236,204
Long-term debt excluding amt due within one year 185,215
------------
Total Capitalization 421,419
------------
CURRENT LIABILITIES:
Accounts payable 53,413
Customer deposits 2,427
Taxes accrued 9,323
Interest accrued 27
Price risk management liabilities 467
Exchange gas payable 28,590
Regulatory liabilities 22
Accrued liability for postretirement and pension benefits 4,827
Other accruals 25,198
------------
Total current liabilities 124,294
------------
OTHER:
Deferred income taxes 108,897
Deferred investment tax credits 6,965
Accrued liability for postretirement and pension benefits 10,724
Regulatory liabilities and other removal costs 9,649
Other noncurrent liabilities 8,392
------------
Total other 144,627
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 690,340
============
23
EXHIBIT #14
COLUMBIA GAS OF VIRGINIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 522,863
Accumulated depreciation and amortization (119,905)
------------
Net Utility Plant 402,958
------------
CURRENT ASSETS:
Cash and cash equivalents 674
Accounts receivable - less reserve 34,222
Unbilled revenue - less reserve 3,722
Gas inventory 7,512
Material and supplies, at average cost 1,149
Exchange gas receivable 24
Regulatory assets 235
Prepayments and other 3,417
------------
Total Current Assets 50,955
------------
OTHER ASSETS:
Regulatory assets 7,798
Intangible assets 40
Deferred charges and other 11,224
------------
Total Other Assets 19,062
------------
TOTAL ASSETS $ 472,975
============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 191,385
Long-term debt excluding amt due within one year 130,175
------------
Total Capitalization 321,560
------------
CURRENT LIABILITIES:
Accounts payable 26,836
Customer deposits 6,011
Taxes accrued 7,028
Interest accrued 78
Overrecovered gas and fuel costs 2,940
Exchange gas payable 8,366
Regulatory liabilities 108
Accrued liability for postretirement and pension benefits 2,536
Other accruals 6,646
------------
Total current liabilities 60,549
------------
OTHER:
Deferred income taxes 39,157
Deferred investment tax credits 1,855
Accrued liability for postretirement and pension benefits 5,299
Regulatory liabilities and other removal costs 18,873
Other noncurrent liabilities 25,682
------------
Total other 90,866
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 472,975
============
24
EXHIBIT #15
COLUMBIA GAS OF MARYLAND
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of June 30, (in thousands) 2004
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 86,526
Accumulated depreciation and amortization (26,235)
------------
Net Utility Plant 60,291
------------
OTHER PROPERTY AND INVESTMENTS 1
------------
CURRENT ASSETS:
Cash and cash equivalents 163
Accounts receivable - less reserve 18,825
Unbilled revenue - less reserve 787
Gas inventory 2,767
Material and supplies, at average cost 615
Exchange gas receivable 11
Regulatory assets 175
Prepayments and other 1,807
------------
Total Current Assets 25,150
------------
OTHER ASSETS:
Regulatory assets 1,712
Deferred charges and other 76
------------
Total Other Assets 1,788
------------
TOTAL ASSETS $ 87,230
============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 31,368
Long-term debt excluding amt due within one year 18,975
------------
Total Capitalization 50,343
------------
CURRENT LIABILITIES:
Accounts payable 7,639
Customer deposits 417
Taxes accrued 2,318
Interest accrued 5
Overrecovered gas and fuel costs 3,806
Exchange gas payable 452
Regulatory liabilities 5
Accrued liability for postretirement and pension benefits 433
------------
Total current liabilities 15,075
------------
OTHER:
Deferred income taxes 6,809
Deferred investment tax credits 674
Accrued liability for postretirement and pension benefits 1,232
Regulatory liabilities and other removal costs 12,317
Other noncurrent liabilities 780
------------
Total other 21,812
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 87,230
============
25