May 11, 2004
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
INTERIM REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
NISOURCE INC.
801 E. 86TH AVE.
MERRILLVILLE, IN 46410
FILE NO. 70-10169
Gentlemen:
In compliance with the terms and conditions of Rule 24 under the Public
Utility Holding Company Act of 1935, and the Order of the Commission dated
December 30, 2003, authorizing the financing transactions and business
activities as more fully described in the Joint Application/Declaration, as
amended, in those proceedings, the undersigned hereby certifies to the
Commission that, during the quarter ended March 31, 2004:
1. The sales of any common stock and the purchase price per share and the
market price per share at the date of the agreement of sale
None
2. The total number of shares of common stock issued or issuable under options
granted during the quarter under NiSource's benefit plans or otherwise
374,195
3. If common stock has been transferred to a seller of securities of a company
being acquired, the number of shares so issued, the value per share and
whether the shares are restricted to the acquiror
None
4. The amount and terms of any long-term debt, preferred stock, preferred
securities, equity-linked securities or short-term debt issued directly or
indirectly by NiSource
Please see Exhibit 1
5. The maximum outstanding amount of all borrowings under or investments in
the money pool by each money pool participant during the quarter, and the
rate or range of rates charged on money pool borrowings and paid on money
pool investments
Please see Exhibit 2
6. The number of shares of common stock issued by Columbia to NiSource and the
price per share paid
None
7. The principal amount, interest rate and maturity of any long-term debt
security issued by Columbia to NiSource Finance or other financing
subsidiary of NiSource
None
8. The number of shares of common stock issued by Columbia Maryland to
Columbia and the price per share paid
None
9. The principal amount, interest rate and maturity of any long-term debt
security issued by Columbia Maryland to Columbia
None
1
10. The amount and terms of any financings consummated by any non-utility
subsidiary that are not exempt under Rule 52
None
11. The name of the guarantor and of the beneficiary of any parent guarantee or
non-utility subsidiary guarantee issued, and the amount, terms and purpose
of the guarantee
Please see Exhibit 3
12. The notional amount and principal terms of any interest rate hedge or
anticipatory hedge entered into and identity of the parties to such
instruments
None
13. The name, parent company, and amount invested in any new intermediate
subsidiary or financing subsidiary
None
14. A list of Form U-6B-2 statements filed with the Commission, including the
name of the filing entity and the date of the filing
None
15. Consolidated balance sheets as of the end of the quarter, and separate
balance sheets as of the end of the quarter for each company, including
NiSource and Columbia, that has engaged in authorized financing
transactions during the quarter
Please see the attached Exhibits 4 through 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
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. 70-10169
ITEM #4
AMOUNT ISSUED DURING AMOUNT OUTSTANDING TYPE OF DEBT
COMPANY FIRST QUARTER OF 2004 MARCH 31, 2004 OR SECURITY TERMS
------- --------------------- ------------------ ------------ -----
NiSource Finance Corp. -- 22,600,000 Short-term Debt Credit facility
advances with a
weighted average
interest rate of 2.016%
NiSource Finance Corp. -- 5,945,000,000 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. 70-10169
ITEM #5
MAXIMUM AMOUNT MAXIMUM AMOUNT AVERAGE INTEREST
OUTSTANDING DURING INVESTED DURING RATE DURING
SUBSIDIARY (AMOUNTS IN THOUSANDS) FIRST QUARTER OF 2004 FIRST QUARTER OF 2004 FIRST QUARTER OF 2004
--------------------------------- --------------------- --------------------- ---------------------
Bay State Gas Company 218,091 0 1.88%
Columbia Assurance Agency, Inc. N/A 37 1.88%
Columbia Accounts Receivable Corporation N/A 9,934 1.88%
Columbia Atlantic Trading Corporation N/A 3,966 1.88%
Columbia Deep Water Services Company 456 0 1.88%
Columbia Electric Corporation N/A 6,696 1.88%
Columbia Energy Services Corporation 44,489 0 1.88%
Columbia Energy Group N/A 512,617 1.88%
Columbia Gulf Transmission Company 12,036 7,190 1.88%
Columbia Gas of Virginia, Inc. 20,863 29,950 1.88%
NiSource Insurance Corporation, Ltd. N/A 34 1.88%
Columbia Gas of Kentucky, Inc. 4,020 36,233 1.88%
Columbia Gas of Maryland, Inc. 0 16,333 1.88%
CNS Microwave, Inc. N/A 1,848 1.88%
Columbia Network Services Corporation N/A 3,145 1.88%
Columbia Gas of Ohio, Inc. 194,840 81,429 1.88%
Columbia Gas of Pennsylvania, Inc. 78,412 0 1.88%
Columbia Remainder Corporation 0 0 1.88%
Crossroads Pipeline 14,972 0 1.88%
NiSource Corporate Services Company 69,495 0 1.88%
NiSource Development Company, Inc. 183,852 0 1.88%
EnergyUSA, Inc. 36,620 0 1.88%
EnergyUSA, Inc. (MA) 0 1,743 1.88%
Kokomo Gas and Fuel Company 0 4,623 1.88%
NiSource Capital Markets. Inc. N/A 838 1.88%
NI Energy Services, Inc. 49,484 0 1.88%
NiSource Energy Technologies, Inc. 21,694 0 1.88%
NiSource Finance Corp. N/A 1,133,808 1.88%
NiSource Inc. N/A 54,911 1.88%
Northern Indiana Fuel and Light Company, Inc. 0 13,549 1.88%
Northern Indiana Public Service Company 579,297 0 1.88%
Granite State Gas Transmission 8,411 0 1.88%
Northern Utilities, Inc. 17,103 494 1.88%
Columbia Petroleum Corporation N/A 0 1.88%
PEI Holdings, Inc. 117,606 0 1.88%
Columbia Gas Transmission Corporation 123,359 5,566 1.88%
EnergyUSA-TPC Corp. 32,871 32,885 1.88%
4
EXHIBIT #3
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM # 11
GUARANTEES
ISSUED DURING
GUARANTOR SUBSIDIARY 1ST QUARTER 2004 PURPOSE
--------- ---------- ---------------- -------
NiSource/NiSource Capital Markets EnergyUSA - TPC 27,700,000 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. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 16,054,027
Accumulated depreciation and amortization (7,162,926)
------------
Net Utility Plant 8,891,101
------------
Other property, at cost, less accumulated depreciation 465,879
------------
Net Property, Plant and Equipment 9,356,980
------------
INVESTMENTS:
Assets of discontinued operations and assets held for sale 6,500
Unconsolidated affiliates 91,934
Other investments 72,622
------------
Total Investments 171,056
------------
CURRENT ASSETS:
Cash and cash equivalents 44,526
Restricted cash 14,973
Accounts receivable - less reserve 730,997
Unbilled revenue - less reserve 230,506
Gas inventory 77,545
Underrecovered gas and fuel costs 165,927
Material and supplies, at average cost 70,906
Electric production fuel, at average cost 31,136
Price risk management asset 82,830
Exchange gas receivable 173,901
Regulatory assets 112,602
Prepayments and other 96,825
------------
Total Current Assets 1,832,674
------------
OTHER ASSETS:
Price risk asset long term 153,945
Regulatory assets 584,807
Goodwill 3,704,025
Intangible assets 523,685
Deferred charges and other 148,260
------------
Total Other Assets 5,114,722
------------
TOTAL ASSETS $ 16,475,432
============
6
EXHIBIT #4
NISOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock Equity
Preferred Stocks - 4,526,444
Subsidiary Companies
Series without mandatory redemption provisions 81,114
Long-term debt, excluding amounts due within one year 5,945,074
------------
Total Capitalization 10,552,632
------------
CURRENT LIABILITIES:
Current portion of long-term debt 117,089
Short-term borrowings 222,600
Accounts payable 426,240
Dividends declared on common and preferred stocks 61,666
Customer deposits 83,195
Taxes accrued 379,302
Interest accrued 138,446
Overrecovered gas and fuel costs 53,026
Price risk management liabilities 30,206
Exchange gas payable 245,452
Current deferred revenue 25,421
Regulatory liabilities 68,403
Accrued liability for postretirement and pension benefits 71,050
Other accruals 426,323
------------
Total current liabilities 2,348,419
------------
OTHER:
Price risk management liabilities 6,037
Deferred income taxes 1,612,488
Deferred investment tax credits 85,089
Deferred credits 57,892
Non-current deferred revenue 107,281
Accrued liability for postretirement and pension benefits 404,734
Preferred stock liabilities with mandatory redemption provisions 2,438
Regulatory liabilities and other removal costs 1,081,809
Other noncurrent liabilities 216,613
------------
Total other 3,574,381
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 16,475,432
============
7
EXHIBIT #5
NORTHERN INDIANA PUBLIC SERVICE COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 6,669,634
Accumulated depreciation and amortization (3,121,700)
------------
Net Utility Plant 3,547,934
------------
OTHER PROPERTY AND INVESTMENTS 2,350
------------
CURRENT ASSETS:
Cash and cash equivalents 8,323
Restricted cash 1,709
Accounts receivable - less reserve 53,843
Unbilled revenue - less reserve 40,936
Material and supplies, at average cost 43,962
Electric production fuel, at average cost 31,137
Natural gas in storage, at last in, first-out cost 22,314
Price risk management assets 2,601
Regulatory assets 13,164
Prepayments and other 59,207
------------
Total Current Assets 277,196
------------
OTHER ASSETS:
Regulatory assets 206,546
Intangible assets 25,161
Prepayments and other 5,877
------------
Total Other Assets 237,584
------------
TOTAL ASSETS $ 4,065,064
============
8
EXHIBIT #5
NORTHERN INDIANA PUBLIC SERVICE COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 1,026,975
Preferred Stocks -
Series without mandatory redemption provisions 81,114
Long-term debt, excluding amount due within one year 571,020
------------
Total Capitalization 1,679,109
------------
CURRENT LIABILITIES:
Current portion of long-term debt 32,000
Short-term borrowings 465,674
Accounts payable 98,141
Dividends declared on common and preferred stock 1,093
Customer deposits 52,899
Taxes accrued 151,157
Interest accrued 7,587
Overrecovered gas and fuel costs 35,462
Price risk management liabilities 439
Accrued liability for postretirement and pension benefits 23,027
Other accruals 56,318
------------
Total current liabilities 923,797
------------
OTHER:
Deferred income taxes 457,033
Deferred investment tax credits 55,468
Deferred credits 19,059
Accrued liability for postretirement and pension benefits 222,954
Preferred stock liabilities with mandatory redemption provisions 2,438
Regulatory liabilities and other removal costs 677,900
Other noncurrent liabilities 27,306
------------
Total other 1,462,158
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 4,065,064
============
9
EXHIBIT #6
BAY STATE GAS COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 928,813
Accumulated depreciation and amortization (246,252)
------------
Net Utility Plant 682,561
------------
OTHER PROPERTY AND INVESTMENTS 1,978
------------
INVESTMENTS:
Unconsolidated affiliates 34
------------
Total Investments 34
------------
CURRENT ASSETS:
Cash and cash equivalents 7,193
Restricted cash 519
Accounts receivable - less reserve 111,863
Unbilled revenue - less reserve 42,124
Gas Inventory 13,848
Underrecovered gas and fuel costs 29,421
Material and supplies, at average cost 4,107
Price risk management asset 903
Exchange gas receivable 10,933
Regulatory assets 9,466
Prepayments and other 2,627
------------
Total Current Assets 233,004
------------
OTHER ASSETS:
Price risk management asset 134
Regulatory assets 36,205
Intangible assets 470,839
Deferred charges and other 13,808
------------
Total Other Assets 520,986
------------
TOTAL ASSETS $ 1,438,563
============
10
EXHIBIT #6
BAY STATE GAS COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 555,721
Long-term debt excluding amt due within one year 173,500
------------
Total Capitalization 729,221
------------
CURRENT LIABILITIES:
Current portion of long-term debt 833
Short-term borrowings 186,783
Accounts payable 41,344
Customer deposits 4,194
Taxes accrued 27,084
Interest accrued 1,211
Regulatory liabilities 2,276
Other accruals 29,922
------------
Total current liabilities 293,647
------------
OTHER:
Deferred income taxes 292,053
Deferred investment tax credits 2,379
Accrued liability for postretirement and pension benefits 17,932
Regulatory liabilities and other removal costs 92,821
Other noncurrent liabilities 10,510
------------
Total other 415,695
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,438,563
============
11
EXHIBIT #7
NORTHERN UTILITIES, INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 177,691
Accumulated depreciation and amortization (43,150)
------------
Net Utility Plant 134,541
------------
OTHER PROPERTY AND INVESTMENTS 1,904
------------
INVESTMENTS:
Unconsolidated affiliates 2
------------
Total Investments 2
------------
CURRENT ASSETS:
Cash and cash equivalents 1,940
Restricted cash 519
Accounts receivable - less reserve 20,428
Unbilled revenue - less reserve 8,514
Gas inventory 712
Underrecovered gas and fuel costs 2,248
Material and supplies, at average cost 603
Price risk management asset 903
Exchange gas receivable 10,045
Regulatory assets 222
Prepayments and other 299
------------
Total Current Assets 46,433
------------
OTHER ASSETS:
Price risk management asset 134
Regulatory assets 18,117
Intangible assets 79,558
Deferred charges and other 1,854
------------
Total Other Assets 99,663
------------
TOTAL ASSETS $ 282,543
============
12
EXHIBIT #7
NORTHERN UTILITIES, INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 119,220
Long-term debt excluding amt due within one year 65,000
------------
Total Capitalization 184,220
------------
CURRENT LIABILITIES:
Current portion of long-term debt 833
Short-term borrowings 1,229
Accounts payable 9,408
Customer deposits 974
Taxes accrued 1,550
Interest accrued 242
Regulatory liabilities 1,292
Other accruals 7,419
------------
Total current liabilities 22,947
------------
OTHER:
Deferred income taxes 53,540
Deferred investment tax credits 233
Accrued liability for postretirement and pension benefits 2,540
Regulatory liabilities and other removal costs 13,085
Other noncurrent liabilities 5,978
------------
Total other 75,376
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 282,543
============
13
EXHIBIT #8
KOKOMO GAS AND FUEL COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 56,451
Accumulated depreciation and amortization (33,039)
------------
Net Utility Plant 23,412
------------
INVESTMENTS:
Unconsolidated affiliates 5
------------
Total Investments 5
------------
CURRENT ASSETS:
Cash and cash equivalents 748
Accounts receivable - less reserve 10,461
Unbilled revenue - less reserve 1,784
Gas Inventory 1,108
Material and supplies, at average cost 316
Prepayments and other 40
------------
Total Current Assets 14,457
------------
OTHER ASSETS:
Regulatory assets 381
Goodwill 16,439
Intangible assets 159
Deferred charges and other 181
------------
Total Other Assets 17,160
------------
TOTAL ASSETS $ 55,034
============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 38,727
------------
Total Capitalization 38,727
------------
CURRENT LIABILITIES:
Accounts payable 5,103
Customer deposits 504
Taxes accrued 1,597
Interest accrued 151
Overrecovered gas and fuel costs 929
Other accruals 1,609
------------
Total current liabilities 9,893
------------
OTHER:
Deferred income taxes 3,332
Deferred investment tax credits 420
Accrued liability for postretirement and pension benefits 1,181
Regulatory liabilities and other removal costs 1,477
Other noncurrent liabilities 4
------------
Total other 6,414
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 55,034
============
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. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 56,956
Accumulated depreciation and amortization (23,976)
------------
Net Utility Plant 32,980
------------
OTHER PROPERTY AND INVESTMENTS 592
------------
CURRENT ASSETS:
Cash and cash equivalents 469
Accounts receivable - less reserve 19,941
Unbilled revenue - less reserve 1,877
Gas inventory 475
Underrecovered gas and fuel costs 1,764
Material and supplies, at average cost 303
Prepayments and other 92
------------
Total Current Assets 24,921
------------
OTHER ASSETS:
Regulatory assets 87
Goodwill 13,307
Intangible assets 591
Deferred charges and other 1,456
------------
Total Other Assets 15,441
------------
TOTAL ASSETS $ 73,934
============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 51,246
------------
Total Capitalization 51,246
------------
CURRENT LIABILITIES:
Accounts payable 5,266
Customer deposits 232
Taxes accrued 2,201
Interest accrued 32
Other accruals 757
------------
Total current liabilities 8,488
------------
OTHER:
Deferred income taxes 5,512
Deferred investment tax credits 266
Accrued liability for postretirement and pension benefits 7,213
Regulatory liabilities and other removal costs 1,000
Other noncurrent liabilities 209
------------
Total other 14,200
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 73,934
============
15
EXHIBIT #10
COLUMBIA GAS OF KENTUCKY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 239,330
Accumulated depreciation and amortization (86,912)
------------
Net Utility Plant 152,418
------------
CURRENT ASSETS:
Cash and cash equivalents 836
Accounts receivable - less reserve 52,041
Unbilled revenue - less reserve 6,730
Gas inventory 1,393
Underrecovered gas and fuel costs 9,642
Material and supplies, at average cost 94
Exchange gas receivable 409
Regulatory assets 720
Prepayments and other 1,455
------------
Total Current Assets 73,320
------------
OTHER ASSETS:
Regulatory assets 2,834
Deferred charges and other 486
------------
Total Other Assets 3,320
------------
TOTAL ASSETS $ 229,058
============
16
EXHIBIT #10
COLUMBIA GAS OF KENTUCKY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 85,175
Long-term debt excluding amt due within one year 42,140
------------
Total Capitalization 127,315
------------
CURRENT LIABILITIES:
Current portion of long-term debt 32
Accounts payable 18,047
Customer deposits 2,758
Taxes accrued 6,214
Interest accrued 43
Exchange gas payable 7,451
Accrued liability for postretirement and pension benefits 361
Other accruals 22,065
------------
Total current liabilities 56,971
------------
Other:
Deferred income taxes 14,934
Deferred investment tax credits 1,185
Accrued liability for postretirement and pension benefits 1,474
Regulatory liabilities and other removal costs 26,188
Other noncurrent liabilities 991
------------
Total other 44,772
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 229,058
============
17
EXHIBIT #11
COLUMBIA GAS OF OHIO
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,584,870
Accumulated depreciation and amortization (552,463)
------------
Net Utility Plant 1,032,407
------------
OTHER PROPERTY AND INVESTMENTS 1,270
------------
CURRENT ASSETS:
Cash and cash equivalents 7,764
Accounts receivable - less reserve 194,224
Unbilled revenue - less reserve 80,879
Gas inventory 18,485
Underrecovered gas and fuel costs 92,753
Material and supplies, at average cost 1,992
Exchange gas receivable 74,757
Regulatory assets 68,038
Prepayments and other 18,697
------------
Total Current Assets 557,589
------------
OTHER ASSETS:
Regulatory assets 222,235
Intangible assets 318
Deferred charges and other 74,778
------------
Total Other Assets 297,331
------------
TOTAL ASSETS $ 1,888,597
============
18
EXHIBIT #11
COLUMBIA GAS OF OHIO
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 506,752
Long-term debt excluding amt due within one year 306,769
------------
Total Capitalization 813,521
------------
CURRENT LIABILITIES:
Current portion of long-term debt 235
Short-term borrowings 53,668
Accounts payable 150,047
Customer deposits 13,222
Taxes accrued 68,634
Interest accrued 956
Price risk management liabilities 1,037
Exchange gas payable 119,875
Current deferred revenue 1,635
Regulatory liabilities 64,296
Accrued liability for postretirement and pension benefits 7,583
Other accruals 175,596
------------
Total current liabilities 656,784
------------
OTHER:
Deferred income taxes 161,481
Deferred investment tax credits 14,882
Accrued liability for postretirement and pension benefits 45,312
Regulatory liabilities and other removal costs 142,987
Other noncurrent liabilities 53,631
------------
Total other 418,293
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,888,598
============
19
EXHIBIT #12
COLUMBIA GAS OF PENNSYLVANIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 686,312
Accumulated depreciation and amortization (234,639)
------------
Net Utility Plant 451,673
------------
OTHER PROPERTY AND INVESTMENTS 8
------------
CURRENT ASSETS:
Cash and cash equivalents 5,189
Accounts receivable - less reserve 101,363
Unbilled revenue - less reserve 36,444
Gas inventory 14,767
Underrecovered gas and fuel costs 32,347
Material and supplies, at average cost 557
Exchange gas receivable 31,192
Regulatory assets 4,226
Prepayments and other 1,387
------------
Total Current Assets 227,472
------------
OTHER ASSETS:
Regulatory assets 69,010
Intangible assets 36
Deferred charges and other 1,996
------------
Total Other Assets 71,042
------------
TOTAL ASSETS $ 750,195
============
20
EXHIBIT #12
COLUMBIA GAS OF PENNSYLVANIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 234,195
Long-term debt excluding amt due within one year 185,215
------------
Total Capitalization 419,410
------------
CURRENT LIABILITIES:
Short-term borrowings 28,673
Accounts payable 42,370
Customer deposits 2,483
Taxes accrued 11,516
Interest accrued 22
Price risk management liabilities 393
Exchange gas payable 24,451
Accrued liability for postretirement and pension benefits 4,527
Other accruals 71,374
------------
Total current liabilities 185,809
------------
OTHER:
Deferred income taxes 107,434
Deferred investment tax credits 7,055
Accrued liability for postretirement and pension benefits 11,116
Regulatory liabilities and other removal costs 9,712
Other noncurrent liabilities 9,659
------------
Total other 144,976
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 750,195
============
21
EXHIBIT #13
COLUMBIA GAS OF VIRGINIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 521,267
Accumulated depreciation and amortization (116,974)
------------
Net Utility Plant 404,293
------------
CURRENT ASSETS:
Cash and cash equivalents 2,383
Accounts receivable - less reserve 68,643
Unbilled revenue - less reserve 16,287
Gas inventory 3,108
Material and supplies, at average cost 1,309
Exchange gas receivable 102
Regulatory assets 234
Prepayments and other 4,776
------------
Total Current Assets 96,842
------------
OTHER ASSETS:
Regulatory assets 7,676
Intangible assets 40
Deferred charges and other 9,092
------------
Total Other Assets 16,808
------------
TOTAL ASSETS $ 517,943
============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 206,213
Long-term debt excluding amt due within one year 130,175
------------
Total Capitalization 336,388
------------
CURRENT LIABILITIES:
Accounts payable 30,225
Customer deposits 6,388
Taxes accrued 12,769
Interest accrued 63
Overrecovered gas and fuel costs 11,460
Exchange gas payable 6,143
Regulatory liabilities 96
Accrued liability for postretirement and pension benefits 2,434
Other accruals 20,844
------------
Total current liabilities 90,422
------------
OTHER:
Deferred income taxes 38,099
Deferred investment tax credits 1,892
Accrued liability for postretirement and pension benefits 5,383
Regulatory liabilities and other removal costs 20,916
Other noncurrent liabilities 24,843
------------
Total other 91,133
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 517,943
============
22
EXHIBIT #14
COLUMBIA GAS OF MARYLAND
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-10169
ITEM #15
As of March 31, (in thousands) 2004
------------------------------ ------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 86,123
Accumulated depreciation and amortization (26,151)
------------
Net Utility Plant 59,972
------------
OTHER PROPERTY AND INVESTMENTS 1
------------
CURRENT ASSETS:
Cash and cash equivalents 504
Accounts receivable - less reserve 22,272
Unbilled revenue - less reserve 3,293
Gas inventory 486
Material and supplies, at average cost 601
Exchange gas receivable 2
Regulatory assets 215
Prepayments and other 1,845
------------
Total Current Assets 29,218
------------
OTHER ASSETS:
Regulatory assets 1,761
Deferred charges and other 14
------------
Total Other Assets 1,775
------------
TOTAL ASSETS $ 90,966
============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 31,574
Long-term debt excluding amt due within one year 18,975
------------
Total Capitalization 50,549
------------
CURRENT LIABILITIES:
Accounts payable 5,882
Customer deposits 455
Taxes accrued 3,417
Interest accrued 5
Overrecovered gas and fuel costs 5,176
Exchange gas payable 302
Regulatory liabilities 5
Accrued liability for postretirement and pension benefits 411
Other accruals 3,483
------------
Total current liabilities 19,136
------------
OTHER:
Deferred income taxes 6,656
Deferred investment tax credits 686
Accrued liability for postretirement and pension benefits 1,266
Regulatory liabilities and other removal costs 12,139
Other noncurrent liabilities 534
------------
Total other 21,281
------------
TOTAL CAPITALIZATION AND LIABILITIES $ 90,966
============
23