August 15, 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 June 30, 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
None
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
214,200 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
On April 11, 2003, Columbia Energy Group entered into
fixed-to-variable interest rate swap agreements in a notional
amount of $100 million with two counterparties. NiSource will
receive payments based upon a fixed 7.42% interest rate and
pay a floating interest amount based on U.S. 6-month LIBOR-BBA
plus 2.38 percent per annum.
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
NiSource (on behalf of Northern Utilities) June 5, 2003
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/ Jeffrey W. Grossman
-------------------------------------
Jeffrey 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 SECOND QUARTER OF 2003 JUNE 30, 2003 OR SECURITY TERMS
-----------------------------------------------------------------------------------------------------------------------
NiSource Finance Corp. 762,400,000 859,400,00 Short-term Debt Credit facility advances
with a weighted average
interest rate of 1.756%
NiSource Finance Corp. - 5,041,700,000 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 Finance Corp. Northern Indiana Public Service Company 186,030 2.14%
--------------------------------------------------------------------------------------------------------------------
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 2ND QUARTER 2003 PURPOSE
--------------------------------------------------------------------------------------------------------------------
NiSource/NiSource Capital Markets EnergyUSA - TPC 18,000,000 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. 70-9681
ITEM #11
As of June 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 16,331,307
Accumulated depreciation and amortization (8,043,748)
----------------------------------------------------------------------------------------------------------------------
Net Utility Plant 8,287,559
----------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation 419,190
----------------------------------------------------------------------------------------------------------------------
Net Property, Plant and Equipment 8,706,749
----------------------------------------------------------------------------------------------------------------------
INVESTMENTS:
Assets of discontinued operations and assets held for sale 1,337,867
Unconsolidated affiliates 118,744
Other investments 69,758
----------------------------------------------------------------------------------------------------------------------
Total Investments 1,526,369
----------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 34,717
Restricted cash 9,247
Accounts receivable - less reserve 542,093
Unbilled revenue - less reserve 125,333
Gas inventory 218,036
Underrecovered gas and fuel costs 81,430
Material and supplies, at average cost 69,799
Electric production fuel, at average cost 39,991
Price risk management asset 92,092
Exchange gas receivable 229,357
Prepayments and other 215,804
----------------------------------------------------------------------------------------------------------------------
Total Current Assets 1,657,899
----------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Price risk asset long term 153,539
Regulatory assets 594,693
Goodwill 3,692,184
Intangible assets 58,162
Deferred charges and other 132,521
----------------------------------------------------------------------------------------------------------------------
Total Other Assets 4,631,099
----------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 16,522,116
======================================================================================================================
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 June 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock Equity $ 4,257,306
Preferred Stocks -
Subsidiary Companies
Series without mandatory redemption provisions 81,114
Series with mandatory redemption provisions 3,814
Long-term debt, excluding amounts due within one year 5,041,675
----------------------------------------------------------------------------------------------------------------------
Total Capitalization 9,383,909
----------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 926,813
Short-term borrowings 859,400
Accounts payable 486,643
Dividends declared on common and preferred stocks 77,604
Customer deposits 72,959
Taxes accrued 329,802
Interest accrued 89,146
Overrecovered gas and fuel costs 38,006
Price risk management liabilities 66,130
Exchange gas payable 362,556
Current deferred revenue 16,884
Accrued liability for postretirement and pension benefits 61,670
Other accruals 359,149
----------------------------------------------------------------------------------------------------------------------
Total current liabilities 3,746,762
----------------------------------------------------------------------------------------------------------------------
OTHER:
Price risk management liabilities 879
Deferred income taxes 1,577,972
Deferred investment tax credits 91,827
Deferred credits 73,832
Non-current deferred revenue 127,240
Accrued liability for postretirement and pension benefits 433,505
Liabilities of discontinued operations and liabilities held for sale 818,731
Other noncurrent liabilities 267,459
----------------------------------------------------------------------------------------------------------------------
Total other 3,391,445
----------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 16,522,116
======================================================================================================================
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 June 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 6,519,141
Accumulated depreciation and amortization (3,660,661)
----------------------------------------------------------------------------------------------------------------------
Net Utility Plant 2,858,480
----------------------------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 8,869
----------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 6,290
Accounts receivable - less reserve 89,574
Unbilled revenue - less reserve 64,880
Gas cost adjustment clause 1,801
Material and supplies, at average cost 46,108
Electric production fuel, at average cost 39,991
Natural gas in storage, at last in, first-out cost 61,913
Price risk management assets 2,792
Prepayments and other 57,917
----------------------------------------------------------------------------------------------------------------------
Total Current Assets 371,266
----------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 218,386
Intangible assets 25,086
Prepayments and other 4,515
----------------------------------------------------------------------------------------------------------------------
Total Other Assets 247,987
----------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 3,486,602
======================================================================================================================
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 June 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 921,837
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 713,495
----------------------------------------------------------------------------------------------------------------------
Total Capitalization 1,720,260
----------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 76,000
Short-term borrowings 515,502
Accounts payable 131,019
Dividends declared on common and preferred stock 1,133
Customer deposits 45,245
Taxes accrued 93,209
Interest accrued 9,706
Overrecovered gas and fuel costs 8,167
Accrued employment costs 20,592
Price risk management liabilities 1,096
Accrued liability for postretirement and pension benefits 13,600
Other accruals 29,736
----------------------------------------------------------------------------------------------------------------------
Total current liabilities 945,005
----------------------------------------------------------------------------------------------------------------------
OTHER:
Regulatory liabilities 5,183
Deferred income taxes 473,913
Deferred investment tax credits 60,774
Deferred credits 18,831
Accrued liability for postretirement and pension benefits 237,613
Other noncurrent liabilities 25,023
----------------------------------------------------------------------------------------------------------------------
Total other 821,337
----------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 3,486,602
======================================================================================================================
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 June 30, (in thousands) 2003
--------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,430,735
Accumulated depreciation and amortization (366,814)
--------------------------------------------------------------------------------------------------------------------
Net Utility Plant 1,063,921
--------------------------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 2,165
--------------------------------------------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 34
-------------------------------------------------------------------------------------------------------------------
Total Investments 34
--------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 3,160
Restricted cash 9
Accounts receivable - less reserve 71,940
Unbilled revenue - less reserve 7,821
Gas Inventory 20,789
Underrecovered gas and fuel costs 23,542
Material and supplies, at average cost 6,215
Price risk management asset 508
Exchange gas receivable 19,323
Prepayments and other 11,044
--------------------------------------------------------------------------------------------------------------------
Total Current Assets 164,351
--------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Price risk management asset 60
Regulatory assets 30,755
Goodwill 847
Intangible assets 8,094
Deferred charges and other 9,419
--------------------------------------------------------------------------------------------------------------------
Total Other Assets 49,175
--------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 1,279,646
====================================================================================================================
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 June 30, (in thousands) 2003
--------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 540,542
Long-term debt excluding amt due within one year 184,333
--------------------------------------------------------------------------------------------------------------------
Total Capitalization 724,875
--------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 15,833
Short-term borrowings 141,040
Accounts payable 32,293
Customer deposits 3,962
Taxes accrued 16,875
Interest accrued 2,688
Other accruals 11,553
--------------------------------------------------------------------------------------------------------------------
Total current liabilities 224,244
--------------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 297,553
Deferred investment tax credits 2,678
Accrued liability for postretirement and pension benefits 13,563
Other noncurrent liabilities 16,733
--------------------------------------------------------------------------------------------------------------------
Total other 330,527
--------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,279,646
====================================================================================================================
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 June 30, (in thousands) 2003
--------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 260,995
Accumulated depreciation and amortization (60,658)
--------------------------------------------------------------------------------------------------------------------
Net Utility Plant 200,337
--------------------------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 2,091
--------------------------------------------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 2
--------------------------------------------------------------------------------------------------------------------
Total Investments 2
--------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 516
Restricted cash 9
Accounts receivable - less reserve 16,015
Unbilled revenue - less reserve 2,045
Gas inventory 737
Underrecovered gas and fuel costs 2,619
Material and supplies, at average cost 671
Price risk management asset 508
Exchange gas receivable 12,867
Prepayments and other 4,865
--------------------------------------------------------------------------------------------------------------------
Total Current Assets 40,852
--------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Price risk management asset 60
Regulatory assets 15,978
Goodwill 847
Intangible assets 824
Deferred charges and other 785
--------------------------------------------------------------------------------------------------------------------
Total Other Assets 18,494
--------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 261,776
====================================================================================================================
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 June 30, (in thousands) 2003
--------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 115,258
Long-term debt excluding amt due within one year 65,833
--------------------------------------------------------------------------------------------------------------------
Total Capitalization 181,091
--------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 833
Accounts payable 9,517
Customer deposits 902
Taxes accrued 2,710
Interest accrued 180
Other accruals 4,474
--------------------------------------------------------------------------------------------------------------------
Total current liabilities 18,616
--------------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 51,421
Deferred investment tax credits 251
Accrued liability for postretirement and pension benefits 2,617
Other noncurrent liabilities 7,780
--------------------------------------------------------------------------------------------------------------------
Total other 62,069
--------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 261,776
====================================================================================================================
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 June 30, (in thousands) 2003
-----------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 79,701
Accumulated depreciation and amortization (39,552)
-----------------------------------------------------------------------------------------------------------------------
Net Utility Plant 40,149
-----------------------------------------------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 5
-----------------------------------------------------------------------------------------------------------------------
Total Investments 5
-----------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 610
Accounts receivable - less reserve 4,831
Unbilled revenue - less reserve 18
Gas Inventory 636
Underrecovered gas and fuel costs 1,817
Material and supplies, at average cost 407
Prepayments and other 4
-----------------------------------------------------------------------------------------------------------------------
Total Current Assets 8,323
-----------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Intangible assets 208
Deferred charges and other 378
-----------------------------------------------------------------------------------------------------------------------
Total Other Assets 586
-----------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 49,063
=======================================================================================================================
-----------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 36,869
-----------------------------------------------------------------------------------------------------------------------
Total Capitalization 36,869
-----------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 1,759
Customer deposits 469
Taxes accrued 528
Interest accrued 147
Other accruals 1,326
-----------------------------------------------------------------------------------------------------------------------
Total current liabilities 4,229
-----------------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 3,305
Deferred investment tax credits 447
Deferred credits 1,103
Accrued liability for postretirement and pension benefits 1,624
Other noncurrent liabilities 1,486
-----------------------------------------------------------------------------------------------------------------------
Total other 7,965
-----------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 49,063
=======================================================================================================================
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 June 30, (in thousands) 2003
---------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 73,794
Accumulated depreciation and amortization (27,584)
---------------------------------------------------------------------------------------------------------------------
Net Utility Plant 46,210
---------------------------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 674
---------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 483
Accounts receivable - less reserve 14,541
Unbilled revenue - less reserve 532
Gas inventory 3,189
Underrecovered gas and fuel costs 1,647
Material and supplies, at average cost 339
Prepayments and other 15
---------------------------------------------------------------------------------------------------------------------
Total Current Assets 20,746
---------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 102
Intangible assets 318
Deferred charges and other 1,593
---------------------------------------------------------------------------------------------------------------------
Total Other Assets 2,013
---------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 69,643
=====================================================================================================================
---------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 48,402
---------------------------------------------------------------------------------------------------------------------
Total Capitalization 48,402
---------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 4,389
Customer deposits 222
Taxes accrued 1,456
Interest accrued 37
Other accruals 491
---------------------------------------------------------------------------------------------------------------------
Total current liabilities 6,595
---------------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 5,288
Deferred investment tax credits 302
Accrued liability for postretirement and pension benefits 6,979
Other noncurrent liabilities 2,077
---------------------------------------------------------------------------------------------------------------------
Total other 14,646
---------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 69,643
=====================================================================================================================
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 June 30, (in thousands) 2003
--------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 236,444
Accumulated depreciation and amortization (107,421)
--------------------------------------------------------------------------------------------------------------------
Net Utility Plant 129,023
--------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 451
Accounts receivable - less reserve 20,318
Unbilled revenue - less reserve 3,439
Gas inventory 835
Underrecovered gas and fuel costs 28,655
Exchange gas receivable 4,959
Prepayments and other 1,672
--------------------------------------------------------------------------------------------------------------------
Total Current Assets 60,329
--------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 3,297
Intangible assets 66
Deferred charges and other 1,035
--------------------------------------------------------------------------------------------------------------------
Total Other Assets 4,398
--------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 193,750
====================================================================================================================
--------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 75,941
Long-term debt excluding amt due within one year 42,165
--------------------------------------------------------------------------------------------------------------------
Total Capitalization 118,106
--------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 30
Accounts payable 17,365
Customer deposits 2,303
Taxes accrued 5,916
Interest accrued 722
Price risk management liabilities 124
Exchange gas payable 19,997
Accrued liability for postretirement and pension benefits 898
Other accruals 9,554
--------------------------------------------------------------------------------------------------------------------
Total current liabilities 56,909
--------------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 13,360
Deferred investment tax credits 1,256
Accrued liability for postretirement and pension benefits 1,082
Other noncurrent liabilities 3,037
--------------------------------------------------------------------------------------------------------------------
Total other 18,735
--------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 193,750
====================================================================================================================
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 June 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,555,604
Accumulated depreciation and amortization (676,248)
----------------------------------------------------------------------------------------------------------------------
Net Utility Plant 879,356
----------------------------------------------------------------------------------------------------------------------
Other property and investments 1,270
----------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 7,320
Accounts receivable - less reserve 167,040
Unbilled revenue - less reserve 303,346
Gas inventory 81,333
Exchange gas receivable 78,528
Prepayments and other 63,806
----------------------------------------------------------------------------------------------------------------------
Total Current Assets 701,373
----------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 204,748
Intangible assets 968
Deferred charges and other 66,365
----------------------------------------------------------------------------------------------------------------------
Total Other Assets 272,081
----------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 1,854,080
======================================================================================================================
----------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 477,861
Long-term debt excluding amt due within one year 306,950
----------------------------------------------------------------------------------------------------------------------
Total Capitalization 784,811
----------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 198
Accounts payable 172,844
Customer deposits 10,610
Taxes accrued 55,933
Interest accrued 1,574
Underrecovered gas and fuel costs 27,964
Price risk management liabilities 1,477
Exchange gas payable 147,819
Accrued liability for postretirement and pension benefits 8,593
Other accruals 108,742
----------------------------------------------------------------------------------------------------------------------
Total current liabilities 535,754
----------------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 132,888
Deferred investment tax credits 15,412
Accrued liability for postretirement and pension benefits 49,478
Other noncurrent liabilities 62,737
----------------------------------------------------------------------------------------------------------------------
Total other 260,515
----------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,581,080
======================================================================================================================
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 June 30, (in thousands) 2003
-----------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 671,431
Accumulated depreciation and amortization (230,929)
-----------------------------------------------------------------------------------------------------------------------
Net Utility Plant 440,502
-----------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 2,735
Accounts receivable - less reserve 68,053
Unbilled revenue - less reserve 12,322
Gas inventory 31,548
Underrecovered gas and fuel costs 21,197
Exchange gas receivable 29,477
Prepayments and other 14,352
-----------------------------------------------------------------------------------------------------------------------
Total Current Assets 179,684
-----------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 68,857
Intangible assets 295
Deferred charges and other 2,344
-----------------------------------------------------------------------------------------------------------------------
Total Other Assets 71,496
-----------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 691,682
=======================================================================================================================
-----------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 225,667
Long-term debt excluding amt due within one year 185,215
-----------------------------------------------------------------------------------------------------------------------
Total Capitalization 410,882
-----------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Short-term borrowings 59,550
Accounts payable 2,318
Customer deposits 7,664
Price risk management liabilities 559
Exchange gas payable 41,044
Accrued liability for postretirement and pension benefits 6,358
Other accruals 18,284
-----------------------------------------------------------------------------------------------------------------------
Total current liabilities 135,777
-----------------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 108,085
Deferred investment tax credits 7,325
Accrued liability for postretirement and pension benefits 12,252
Other noncurrent liabilities 17,361
-----------------------------------------------------------------------------------------------------------------------
Total other 145,023
-----------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 691,682
=======================================================================================================================
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 June 30, (in thousands) 2003
-----------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 506,446
Accumulated depreciation and amortization (128,246)
-----------------------------------------------------------------------------------------------------------------------
Net Utility Plant 378,200
-----------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 869
Accounts receivable - less reserve 23,334
Unbilled revenue - less reserve 4,523
Gas inventory 7,188
Underrecovered gas and fuel costs 2,770
Material and supplies, at average cost 414
Exchange gas receivable 629
Prepayments and other 10,465
-----------------------------------------------------------------------------------------------------------------------
Total Current Assets 50,192
-----------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 7,988
Intangible assets 120
Deferred charges and other 8,616
-----------------------------------------------------------------------------------------------------------------------
Total Other Assets 16,724
-----------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 445,116
=======================================================================================================================
-----------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 185,498
Long-term debt excluding amt due within one year 130,175
-----------------------------------------------------------------------------------------------------------------------
Total Capitalization 315,673
-----------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Short-term borrowings 6,318
Accounts payable 22,602
Customer deposits 4,933
Taxes accrued 1,270
Interest accrued 125
Exchange gas payable 6,639
Accrued liability for postretirement and pension benefits 3,194
Other accruals 12,124
-----------------------------------------------------------------------------------------------------------------------
Total current liabilities 57,205
-----------------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 37,570
Deferred investment tax credits 2,001
Accrued liability for postretirement and pension benefits 5,688
Other noncurrent liabilities 26,979
-----------------------------------------------------------------------------------------------------------------------
Total other 72,238
-----------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 445,116
=======================================================================================================================
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 June 30, (in thousands) 2003
-----------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 84,544
Accumulated depreciation and amortization (36,443)
-----------------------------------------------------------------------------------------------------------------------
Net Utility Plant 48,101
-----------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 258
Accounts receivable - less reserve 20,925
Unbilled revenue - less reserve 1,299
Gas inventory 2,149
Material and supplies, at average cost 145
Exchange gas receivable 3,487
Prepayments and other 3,673
-----------------------------------------------------------------------------------------------------------------------
Total Current Assets 31,936
-----------------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 1,908
Intangible assets 20
Deferred charges and other 501
-----------------------------------------------------------------------------------------------------------------------
Total Other Assets 2,429
-----------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 82,466
=======================================================================================================================
-----------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 30,596
Long-term debt excluding amt due within one year 18,975
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Total Capitalization 49,571
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CURRENT LIABILITIES:
Accounts payable 7,303
Customer deposits 353
Taxes accrued 3,826
Overrecovered gas and fuel costs 1,876
Exchange gas payable 3,892
Accrued liability for postretirement and pension benefits 612
Other accruals 5,782
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Total current liabilities 23,644
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OTHER:
Deferred income taxes 6,130
Deferred investment tax credits 724
Accrued liability for postretirement and pension benefits 1,431
Other noncurrent liabilities 966
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Total other 9,251
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TOTAL CAPITALIZATION AND LIABILITIES $ 82,466
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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) SECOND QUARTER OF 2003 SECOND QUARTER OF 2003 SECOND QUARTER OF 2003
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Alamco-Haug Hauling N/A 999 2.14%
Bay State Gas Company 142,222 0 2.14%
Columbia Assurance Agency, Inc. N/A 32 2.14%
Columbia Accounts Receivable Corporation N/A 9,490 2.14%
Columbia Atlantic Trading Corporation N/A 3,565 2.14%
CNR Canada, Ltd. 5,383 0 2.14%
Columbia Energy Group Capital Corporation N/A 914 2.14%
Columbia Deep Water Services Company 654 0 2.14%
Columbia Electric Corporation N/A 4,394 2.14%
Columbia Energy Resources, Inc. N/A 5,307 2.14%
Columbia Energy Services Corporation 26,984 0 2.14%
Columbia Finance Corporation N/A 0 2.14%
Columbia Energy Group N/A 448,791 2.14%
Columbia Gulf Transmission Company 37,027 0 2.14%
Columbia Gas of Virginia, Inc. 8,532 15,307 2.14%
Columbia Insurance Corporation, Ltd. N/A 241 2.14%
Columbia Gas of Kentucky, Inc. 0 40,819 2.14%
Columbia LNG Corporation N/A 0 2.14%
Columbia Gas of Maryland, Inc. 0 21,783 2.14%
CNS Microwave, Inc. N/A 1,687 2.14%
Columbia Natural Resources, Inc. 51,599 0 2.14%
Columbia Network Services Corporation N/A 3,188 2.14%
Columbia Gas of Ohio, Inc. 0 284,805 2.14%
Columbia Gas of Pennsylvania, Inc. 0 68,204 2.14%
Columbia Propane Corporation 19,005 0 2.14%
CP Holdings, Inc. N/A 119 2.14%
Columbia Pipeline Corporation N/A 0 2.14%
Columbia Energy Power Marketing Corporation 0 0 2.14%
Columbia Remainder Corporation 0 0 2.14%
Crossroads Pipeline 31,342 0 2.14%
NiSource Corporate Services Company 90,291 0 2.14%
Columbia Service Partners, Inc. N/A 7,358 2.14%
Columbia Transmission Communications Corporation N/A 7,384 2.14%
NiSource Development Company, Inc. 182,799 0 2.14%
EnergyUSA, Inc. 49,433 0 2.14%
EnergyUSA, Inc. (MA) 0 2,789 2.14%
Kokomo Gas and Fuel Company 0 3,028 2.14%
NiSource Capital Markets. Inc. N/A 1,365 2.14%
NI Energy Services, Inc. 46,418 0 2.14%
NiSource Energy Technologies, Inc. 21,892 0 2.14%
NiSource Finance Corp. N/A 819,195 2.14%
NiSource Inc. N/A 409,773 2.14%
Northern Indiana Fuel and Light Company, Inc. 0 16,786 2.14%
Northern Indiana Public Service Company 516,943 0 2.14%
Granite State Gas Transmission 7,915 0 2.14%
Northern Utilities, Inc. 0 10,981 2.14%
Columbia Petroleum Corporation N/A 0 2.14%
Columbia Propane, L.P. N/A 1,745 2.14%
Primary Energy, Inc. 164,987 0 2.14%
Columbia Gas Transmission Corporation 209,065 0 2.14%
EnergyUSA-TPC Corp. 7,245 54,021 2.14%
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