May 20, 2003
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. 70-9681 AND 70-9945
Gentlemen:
In compliance with the terms and conditions of Rule 24 under the Public
Utility Holding Company Act of 1935, and (i) the Orders of the Commission dated
November 1, 2000 and March 21, 2001 in File No. 70-9681, and (ii) the Orders of
the Commission dated December 19, 2001, June 6, 2002 and August 8, 2002 in File
No. 70-9945, authorizing the financing transactions and business activities as
more fully described in the Joint Applications/Declarations, as amended, in
those proceedings, the undersigned hereby certifies to the Commission that,
during the quarter ended March 31, 2003:
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
In February 2003, NiSource issued approximately 13.1 million
shares of common stock associated with the settlement of
forward equity agreements comprising a component of the
Corporate Premium Income Equity Securities.
2. The total number of shares of common stock issued or issuable under
options granted during the quarter under NiSource Inc.'s benefit plans
or otherwise
119,030 shares
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 acquirer
None
4. The amount and terms of any long-term debt, preferred stock or other
preferred or equity-linked securities, or short-term debt, issued
directly or indirectly by NiSource during the quarter
Please see Exhibit 1
5. The amount and terms of any short-term debt issued directly or
indirectly by any utility subsidiary during the quarter
Please see Exhibit 2
6. The amount and terms of any financing consummated by any non-utility
subsidiary during the quarter that are not exempt under rule 52
None
7. The name of the guarantor and of the beneficiary of any NiSource
guarantee or non-utility subsidiary guarantee issued during the
quarter, and the amount, terms and purpose of the guarantee
Please see Exhibit 3
1
8. The notional amount and principal terms of any interest rate hedge or
anticipatory hedge entered into during the quarter and the identity of
the parties to such instruments
None
9. The name, parent company, and amount invested in any new intermediate
subsidiary or financing subsidiary during the quarter
None
10. A list of Form U-6B-2 statements filed with the commission during the
quarter, including the name of the filing entity and the date of the
filing
None
11. 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, that has engaged in financing transactions during the quarter
Please see the attached Exhibits 4 through 14 for balance
sheets for NiSource, 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.
12. 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 investments during
the quarter
Please see Exhibit 15
13. The number of shares of common stock issued by Columbia Maryland to
Columbia during the quarter and the price per share paid
None
14. The principal amount, interest rate and maturity of any long-term debt
security issued by Columbia Maryland to Columbia during the quarter
None
Very truly yours,
NiSource Inc.
By: /s/ J. W. Grossman
----------------------------------
J. W. Grossman
Vice President
2
EXHIBIT #1
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #4
AMOUNT ISSUED DURING AMOUNT OUTSTANDING TYPE OF DEBT
COMPANY FIRST QUARTER OF 2003 MARCH 31, 2003 OR SECURITY TERMS
-----------------------------------------------------------------------------------------------------------------------------------
NiSource Finance Corp - 64,250,000 Short-term Debt Commercial paper borrowing with a
weighted average interest rate of 2.25%
NiSource Finance Corp - 97,000,000 Short-term Debt Credit facility advances with a
weighted average interest rate of 2.238%
NiSource Finance Corp 276,000,000 5,294,000,000 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. 70-9681
ITEM #5
INTER-COMPANY DEBT
ISSUED DURING THE WEIGHTED AVERAGE
LENDING COMPANY BORROWING SUBSIDIARY 1ST QUARTER 2003 INTEREST RATE
-------------------------------------------------------------------------------------------------------------------
* NiSource did not isssue any inter-company debt during the quarter.
-------------------------------------------------------------------------------------------------------------------
4
EXHIBIT #3
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM # 7
GUARANTEES
ISSUED DURING
GUARANTOR SUBSIDIARY 1ST QUARTER 2003 PURPOSE
-------------------------------------------------------------------------------------------------------------------
NiSource Northern Utilities 5,000,000 Guarantee pipeline transportation
-------------------------------------------------------------------------------------------------------------------
5
EXHIBIT #4
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
-------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 16,505,906
Accumulated depreciation and amortization (8,099,583)
-------------------------------------------------------------------------------
Net Utility Plant 8,406,323
-------------------------------------------------------------------------------
Gas and oil producing properties, successful efforts method
United States cost center 1,093,918
Canadian cost center 6,034
Accumulated depletion (147,382)
-------------------------------------------------------------------------------
Net gas and oil producing properties 952,570
-------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation 690,413
-------------------------------------------------------------------------------
Net Property, Plant and Equipment 10,049,306
-------------------------------------------------------------------------------
INVESTMENTS:
Assets of discontinued operations 77,772
Unconsolidated affiliates 118,115
Assets held for sale 8,624
Other investments 67,548
-------------------------------------------------------------------------------
Total Investments 272,059
-------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 69,489
Restricted cash 75
Accounts receivable - less reserve 1,091,721
Unbilled revenue - less reserve 229,491
Gas inventory 56,766
Underrecovered gas and fuel costs 168,415
Material and supplies, at average cost 68,887
Electric production fuel, at average cost 39,823
Price risk management asset 108,873
Exchange gas receivable 195,308
Prepayments and other 228,911
-------------------------------------------------------------------------------
Total Current Assets 2,257,759
-------------------------------------------------------------------------------
OTHER ASSETS:
Price risk asset long term 134,350
Regulatory assets 595,831
Goodwill 3,707,621
Intangible assets 55,748
Deferred charges and other 179,751
-------------------------------------------------------------------------------
Total Other Assets 4,673,301
-------------------------------------------------------------------------------
TOTAL ASSETS $ 17,252,425
===============================================================================
6
EXHIBIT #4
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock Equity $ 4,634,498
Preferred Stocks -
Subsidiary Companies
Series without mandatory redemption provisions 81,114
Series with mandatory redemption provisions 3,814
Company - obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely Company debentures 0
Long-term debt, excluding amounts due within one year 5,294,253
--------------------------------------------------------------------------------
Total Capitalization 10,013,679
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 1,214,925
Short-term borrowings 161,250
Accounts payable 715,940
Dividends declared on common and preferred stocks 77,336
Customer deposits 72,678
Taxes accrued 406,480
Interest accrued 170,441
Overrecovered gas and fuel costs 9,371
Price risk management liabilities 82,173
Exchange gas payable 483,476
Current deferred revenue 129,916
Accrued liability for postretirement and pension benefits 53,634
Other accruals 515,388
--------------------------------------------------------------------------------
Total current liabilities 4,093,008
--------------------------------------------------------------------------------
OTHER:
Price risk management liabilities 3,069
Deferred income taxes 1,883,144
Deferred investment tax credits 94,064
Deferred credits 130,567
Non-current deferred revenue 273,003
Accrued liability for postretirement and pension benefits 440,249
Liabilities held for sale 5,505
Liabilities of discontinued operations 3,047
Other noncurrent liabilities 313,090
--------------------------------------------------------------------------------
Total other 3,145,738
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $17,252,425
================================================================================
7
EXHIBIT #5
NORTHERN INDIANA PUBLIC SERVICE COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 6,457,532
Accumulated depreciation and amortization (3,608,948)
--------------------------------------------------------------------------------
Net Utility Plant 2,848,584
--------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 8,812
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 14,243
Accounts receivable - less reserve 186,176
Unbilled revenue - less reserve 67,111
Gas cost adjustment clause 32,900
Material and supplies, at average cost 45,605
Electric production fuel, at average cost 39,823
Natural gas in storage, at last in, first-out cost 13,979
Price risk management assets 4,118
Prepayments and other 43,062
--------------------------------------------------------------------------------
Total Current Assets 447,017
--------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 222,573
Intangible assets 25,086
Prepayments and other 5,480
--------------------------------------------------------------------------------
Total Other Assets 253,139
--------------------------------------------------------------------------------
TOTAL ASSETS $ 3,557,552
================================================================================
8
EXHIBIT #5
NORTHERN INDIANA PUBLIC SERVICE COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 960,624
Preferred Stocks -
Series without mandatory redemption provisions 81,114
Series with mandatory redemption provisions 3,814
Long-term debt, excluding amount due within one year 713,423
--------------------------------------------------------------------------------
Total Capitalization 1,758,975
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 110,000
Short-term borrowings 329,750
Accounts payable 241,641
Dividends declared on common and preferred stock 1,120
Customer deposits 41,504
Taxes accrued 152,523
Price risk management liabilities 893
Accrued liability for postretirement and pension benefits 13,600
Other accruals 73,123
--------------------------------------------------------------------------------
Total current liabilities 977,888
--------------------------------------------------------------------------------
OTHER:
Regulatory liabilities
Deferred income taxes 481,228
Deferred investment tax credits 62,544
Deferred credits 32,967
Accrued liability for postretirement and pension benefits 228,059
Other noncurrent liabilities 15,891
--------------------------------------------------------------------------------
Total other 820,689
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $3,557,552
================================================================================
9
EXHIBIT #6
BAY STATE GAS COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,423,756
Accumulated depreciation and amortization (357,576)
--------------------------------------------------------------------------------
Net Utility Plant 1,066,180
--------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 2,222
--------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 34
--------------------------------------------------------------------------------
Total Investments 34
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 7,110
Restricted cash 75
Accounts receivable - less reserve 118,024
Unbilled revenue - less reserve 30,675
Gas Inventory 8,502
Underrecovered gas and fuel costs 11,628
Material and supplies, at average cost 5,609
Price risk management asset 244
Exchange gas receivable 4,098
Prepayments and other 10,541
--------------------------------------------------------------------------------
Total Current Assets 196,506
--------------------------------------------------------------------------------
OTHER ASSETS:
Price risk management asset 62
Regulatory assets 30,682
Goodwill 853
Intangible assets 8,094
Deferred charges and other 10,860
--------------------------------------------------------------------------------
Total Other Assets 50,551
--------------------------------------------------------------------------------
TOTAL ASSETS $ 1,315,493
--------------------------------------------------------------------------------
10
EXHIBIT #6
BAY STATE GAS COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 541,001
Long-term debt excluding amt due within one year 136,333
--------------------------------------------------------------------------------
Total Capitalization 677,334
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 75,833
Short-term borrowings 137,246
Accounts payable 10,330
Customer deposits 3,872
Taxes accrued 19,572
Interest accrued 2,262
Price risk management liabilities 15
Other accruals 60,300
--------------------------------------------------------------------------------
Total current liabilities 309,430
--------------------------------------------------------------------------------
OTHER:
Price risk management liabilities 5
Deferred income taxes 296,778
Deferred investment tax credits 2,777
Accrued liability for postretirement and pension benefits 12,891
Other noncurrent liabilities 16,278
--------------------------------------------------------------------------------
Total other 328,729
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $1,315,493
================================================================================
11
EXHIBIT #7
NORTHERN UTILITIES, INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 257,867
Accumulated depreciation and amortization (58,184)
--------------------------------------------------------------------------------
Net Utility Plant 199,683
--------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 2,148
--------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 2
--------------------------------------------------------------------------------
Total Investments 2
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 1,917
Restricted cash 75
Accounts receivable - less reserve 23,012
Unbilled revenue - less reserve 5,125
Gas inventory 361
Underrecovered gas and fuel costs 3,767
Material and supplies, at average cost 826
Price risk management asset 244
Exchange gas receivable 3,561
Prepayments and other 2,691
--------------------------------------------------------------------------------
Total Current Assets 41,579
--------------------------------------------------------------------------------
OTHER ASSETS:
Price risk management asset 62
Regulatory assets 18,257
Goodwill 853
Intangible assets 825
Deferred charges and other 957
--------------------------------------------------------------------------------
Total Other Assets 20,954
--------------------------------------------------------------------------------
TOTAL ASSETS $ 264,366
================================================================================
12
EXHIBIT #7
NORTHERN UTILITIES, INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 115,279
Long-term debt excluding amt due within one year 5,833
--------------------------------------------------------------------------------
Total Capitalization 121,112
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 60,833
Accounts payable 4,159
Customer deposits 933
Taxes accrued 3,678
Interest accrued 59
Price risk management liabilities 15
Other accruals 11,829
--------------------------------------------------------------------------------
Total current liabilities 81,506
--------------------------------------------------------------------------------
OTHER:
Price risk management liabilities 5
Deferred income taxes 51,251
Deferred investment tax credits 257
Accrued liability for postretirement and pension benefits 2,459
Other noncurrent liabilities 7,776
--------------------------------------------------------------------------------
Total other 61,748
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 264,366
================================================================================
13
EXHIBIT #8
KOKOMO GAS AND FUEL COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 79,469
Accumulated depreciation and amortization (39,292)
--------------------------------------------------------------------------------
Net Utility Plant 40,177
--------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 5
--------------------------------------------------------------------------------
Total Investments 5
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 658
Accounts receivable - less reserve 8,573
Unbilled revenue - less reserve 1,037
Gas Inventory 827
Underrecovered gas and fuel costs 2,678
Material and supplies, at average cost 352
Prepayments and other 34
--------------------------------------------------------------------------------
Total Current Assets 14,159
--------------------------------------------------------------------------------
OTHER ASSETS:
Intangible assets 208
Deferred charges and other 351
--------------------------------------------------------------------------------
Total Other Assets 559
--------------------------------------------------------------------------------
TOTAL ASSETS $ 54,900
================================================================================
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 36,750
--------------------------------------------------------------------------------
Total Capitalization 36,750
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 6,736
Customer deposits 453
Taxes accrued 1,405
Interest accrued 145
Other accruals 1,492
--------------------------------------------------------------------------------
Total current liabilities 10,231
--------------------------------------------------------------------------------
OTHER:
Deferred income taxes 3,305
Deferred investment tax credits 456
Deferred credits 1,110
Accrued liability for postretirement and pension benefits 1,562
Other noncurrent liabilities 1,486
--------------------------------------------------------------------------------
Total other 7,919
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 54,900
================================================================================
14
EXHIBIT #9
NORTHERN INDIANA FUEL AND LIGHT COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 73,543
Accumulated depreciation and amortization (27,105)
--------------------------------------------------------------------------------
Net Utility Plant 46,438
--------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 648
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 777
Accounts receivable - less reserve 19,682
Unbilled revenue - less reserve 1,503
Gas inventory 458
Underrecovered gas and fuel costs 1,251
Material and supplies, at average cost 333
Prepayments and other 26
--------------------------------------------------------------------------------
Total Current Assets 24,030
--------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 107
Intangible assets 318
Deferred charges and other 1,119
--------------------------------------------------------------------------------
Total Other Assets 1,544
--------------------------------------------------------------------------------
TOTAL ASSETS $ 72,660
================================================================================
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 48,190
--------------------------------------------------------------------------------
Total Capitalization 48,190
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 6,866
Customer deposits 239
Taxes accrued 2,358
Interest accrued 37
Other accruals 598
--------------------------------------------------------------------------------
Total current liabilities 10,098
--------------------------------------------------------------------------------
OTHER:
Deferred income taxes 5,178
Deferred investment tax credits 302
Accrued liability for postretirement and pension benefits 6,827
Other noncurrent liabilities 2,065
--------------------------------------------------------------------------------
Total other 14,372
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 72,660
================================================================================
15
EXHIBIT #10
COLUMBIA GAS OF KENTUCKY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 234,524
Accumulated depreciation and amortization (106,587)
--------------------------------------------------------------------------------
Net Utility Plant 127,937
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 1,558
Accounts receivable - less reserve 50,447
Unbilled revenue - less reserve 7,082
Gas inventory 2,426
Underrecovered gas and fuel costs 25,818
Exchange gas receivable 7,272
Prepayments and other 2,302
--------------------------------------------------------------------------------
Total Current Assets 96,905
--------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 3,409
Intangible assets 66
Deferred charges and other 816
--------------------------------------------------------------------------------
Total Other Assets 4,291
--------------------------------------------------------------------------------
TOTAL ASSETS $ 229,133
================================================================================
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 79,995
Long-term debt excluding amt due within one year 42,173
--------------------------------------------------------------------------------
Total Capitalization 122,168
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 29
Accounts payable 27,400
Customer deposits 2,527
Taxes accrued 7,130
Interest accrued 684
Price risk management liabilities 320
Exchange gas payable 31,429
Accrued liability for postretirement and pension benefits 769
Other accruals 19,479
--------------------------------------------------------------------------------
Total current liabilities 89,767
--------------------------------------------------------------------------------
OTHER:
Deferred income taxes 12,007
Deferred investment tax credits 1,281
Accrued liability for postretirement and pension benefits 956
Other noncurrent liabilities 2,954
--------------------------------------------------------------------------------
Total other 17,198
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 229,133
================================================================================
16
EXHIBIT #11
COLUMBIA GAS OF OHIO
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,548,538
Accumulated depreciation and amortization (671,189)
--------------------------------------------------------------------------------
Net Utility Plant 877,349
--------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 1,270
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 15,039
Accounts receivable - less reserve 405,466
Unbilled revenue - less reserve 71,440
Gas inventory 19,425
Underrecovered gas and fuel costs 83,101
Exchange gas receivable 30,316
Prepayments and other 66,144
--------------------------------------------------------------------------------
Total Current Assets 690,931
--------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 200,464
Intangible assets 969
Deferred charges and other 67,355
--------------------------------------------------------------------------------
Total Other Assets 268,788
--------------------------------------------------------------------------------
TOTAL ASSETS $ 1,838,338
================================================================================
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 503,013
Long-term debt excluding amt due within one year 307,004
--------------------------------------------------------------------------------
Total Capitalization 810,017
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 188
Accounts payable 221,707
Customer deposits 11,324
Taxes accrued 110,040
Interest accrued 1,472
Price risk management liabilities 1,921
Exchange gas payable 226,256
Accrued liability for postretirement and pension benefits 7,755
Other accruals 191,936
--------------------------------------------------------------------------------
Total current liabilities 772,599
--------------------------------------------------------------------------------
OTHER:
Deferred income taxes 127,907
Deferred investment tax credits 15,589
Accrued liability for postretirement and pension benefits 50,885
Other noncurrent liabilities 61,341
--------------------------------------------------------------------------------
Total other 255,722
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,838,338
================================================================================
17
EXHIBIT #12
COLUMBIA GAS OF PENNSYLVANIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 665,911
Accumulated depreciation and amortization (227,467)
--------------------------------------------------------------------------------
Net Utility Plant 438,444
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 2,546
Accounts receivable - less reserve 152,799
Unbilled revenue - less reserve 30,992
Gas inventory 8,628
Underrecovered gas and fuel costs 11,038
Exchange gas receivable 31,178
Prepayments and other 11,801
--------------------------------------------------------------------------------
Total Current Assets 248,982
--------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 68,778
Intangible assets 295
Deferred charges and other 2,214
--------------------------------------------------------------------------------
Total Other Assets 71,287
--------------------------------------------------------------------------------
TOTAL ASSETS $ 758,713
================================================================================
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 234,305
Long-term debt excluding amt due within one year 185,215
--------------------------------------------------------------------------------
Total Capitalization 419,520
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Short-term borrowings 73,863
Accounts payable 2,352
Customer deposits 19,250
Price risk management liabilities 1,281
Exchange gas payable 45,352
Accrued liability for postretirement and pension benefits 5,946
Other accruals 47,656
--------------------------------------------------------------------------------
Total current liabilities 195,700
--------------------------------------------------------------------------------
OTHER:
Deferred income taxes 106,330
Deferred investment tax credits 7,415
Accrued liability for postretirement and pension benefits 12,672
Other noncurrent liabilities 17,076
--------------------------------------------------------------------------------
Total other 143,493
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 758,713
================================================================================
18
EXHIBIT #13
COLUMBIA GAS OF VIRGINIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 503,208
Accumulated depreciation and amortization (124,728)
--------------------------------------------------------------------------------
Net Utility Plant 378,480
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 1,155
Accounts receivable - less reserve 67,843
Unbilled revenue - less reserve 15,914
Gas inventory 1,273
Material and supplies, at average cost 382
Exchange gas receivable 2,618
Prepayments and other 11,019
--------------------------------------------------------------------------------
Total Current Assets 100,204
--------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 7,914
Intangible assets 120
Deferred charges and other 5,373
--------------------------------------------------------------------------------
Total Other Assets 13,407
--------------------------------------------------------------------------------
TOTAL ASSETS $ 492,091
================================================================================
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 181,439
Long-term debt excluding amt due within one year 130,175
--------------------------------------------------------------------------------
Total Capitalization 311,614
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Short-term borrowings 4,850
Accounts payable 52,211
Customer deposits 5,038
Taxes accrued 3,808
Interest accrued 119
Overrecovered gas and fuel costs 5,491
Exchange gas payable 10,351
Accrued liability for postretirement and pension benefits 3,042
Other accruals 25,810
--------------------------------------------------------------------------------
Total current liabilities 110,720
--------------------------------------------------------------------------------
OTHER:
Deferred income taxes 35,330
Deferred investment tax credits 2,038
Accrued liability for postretirement and pension benefits 5,803
Other noncurrent liabilities 26,586
--------------------------------------------------------------------------------
Total other 69,757
--------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 492,091
================================================================================
19
EXHIBIT #14
COLUMBIA GAS OF MARYLAND
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of March 31, (in thousands) 2003
--------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 84,700
Accumulated depreciation and amortization (36,489)
--------------------------------------------------------------------------------
Net Utility Plant 48,211
--------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 366
Accounts receivable - less reserve 27,077
Unbilled revenue - less reserve 3,585
Gas inventory 299
Material and supplies, at average cost 51
Exchange gas receivable 5,133
Prepayments and other 2,365
--------------------------------------------------------------------------------
Total Current Assets 38,876
--------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 1,957
Intangible assets 20
Deferred charges and other 497
--------------------------------------------------------------------------------
Total Other Assets 2,474
--------------------------------------------------------------------------------
TOTAL ASSETS $ 89,561
================================================================================
--------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 31,672
Long-term debt excluding amt due within one year 18,975
--------------------------------------------------------------------------------
Total Capitalization 50,647
--------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 6,856
Customer deposits 401
Taxes accrued 4,195
Overrecovered gas and fuel costs 3,879
Exchange gas payable 6,530
Accrued liability for postretirement and pension benefits 582
Other accruals 7,449
--------------------------------------------------------------------------------
Total current liabilities 29,892
--------------------------------------------------------------------------------
OTHER:
Deferred income taxes 5,901
Deferred investment tax credits 737
Accrued liability for postretirement and pension benefits 1,482
Other noncurrent liabilities 902
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Total other 9,022
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TOTAL CAPITALIZATION AND LIABILITIES $ 89,561
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EXHIBIT #15
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO.70-9945
ITEM #12
MAXIMUM AMOUNT MAXIMUM AMOUNT AVERAGE INTEREST
OUTSTANDING DURING INVESTED DURING RATE DURING
SUBSIDIARY (AMOUNTS IN THOUSANDS) FIRST QUARTER OF FIRST QUARTER OF FIRST QUARTER OF 2003
2003 2003
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Alamco-Haug Hauling N/A 963 2.14%
Bay State Gas Company 218,889 0 2.14%
Columbia Assurance Agency, Inc. N/A 8 2.14%
Columbia Accounts Receivable Corporation N/A 70,146 2.14%
Columbia Atlantic Trading Corporation N/A 3,662 2.14%
CNR Canada, Ltd. 5,334 0 2.14%
Columbia Energy Group Capital Corporation N/A 916 2.14%
Columbia Deep Water Services Company 766 0 2.14%
Columbia Electric Corporation N/A 4,083 2.14%
Columbia Energy Resources, Inc. N/A 4,993 2.14%
Columbia Energy Services Corporation 19,890 0 2.14%
Columbia Finance Corporation N/A 0 2.14%
Columbia Energy Group N/A 394,243 2.14%
Columbia Gulf Transmission Company 47,431 0 2.14%
Columbia Gas of Virginia, Inc. 37,092 920 2.14%
Columbia Insurance Corporation, Ltd. N/A 69 2.14%
Columbia Gas of Kentucky, Inc. 0 40,691 2.14%
Columbia LNG Corporation N/A 0 2.14%
Columbia Gas of Maryland, Inc. 0 18,502 2.14%
CNS Microwave, Inc. N/A 1,530 2.14%
Columbia Natural Resources, Inc. 91,699 3,014 2.14%
Columbia Network Services Corporation N/A 3,191 2.14%
Columbia Gas of Ohio, Inc. 0 248,146 2.14%
Columbia Gas of Pennsylvania, Inc. 55,983 40,886 2.14%
Columbia Propane Corporation 18,626 0 2.14%
CP Holdings, Inc. N/A 118 2.14%
Columbia Pipeline Corporation N/A 51 2.14%
Columbia Energy Power Marketing
Corporation 0 0 2.14%
Columbia Remainder Corporation 0 0 2.14%
Crossroads Pipeline 31,405 0 2.14%
NiSource Corporate Services Company 71,181 0 2.14%
Columbia Service Partners, Inc. N/A 12,426 2.14%
Columbia Transmission Communications
Corporation N/A 9,720 2.14%
NiSource Development Company, Inc. 182,798 0 2.14%
EnergyUSA, Inc. 48,548 0 2.14%
EnergyUSA, Inc. (MA) 2,504 2,995 2.14%
Kokomo Gas and Fuel Company 0 2,540 2.14%
NiSource Capital Markets. Inc. N/A 502 2.14%
NI Energy Services, Inc. 46,418 0 2.14%
NiSource Energy Technologies, Inc. 21,515 0 2.14%
NiSource Finance Corp. N/A 593,630 2.14%
NiSource Inc. N/A 639,286 2.14%
Northern Indiana Fuel and Light Company,
Inc. 0 14,243 2.14%
Northern Indiana Public Service Company 452,201 0 2.14%
Granite State Gas Transmission 8,842 0 2.14%
Northern Utilities, Inc. 11,566 4,804 2.14%
Columbia Petroleum Corporation N/A 0 2.14%
Columbia Propane, L.P. N/A 1,806 2.14%
Primary Energy, Inc. 81,783 0 2.14%
Columbia Gas Transmission Corporation 296,154 0 2.14%
EnergyUSA-TPC Corp. 13,864 30,096 2.14%
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