May 30, 2002
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 Order of
the Commission dated December 19, 2001 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, 2002:
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
68,649 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
NiSource U-6B-2 filed 3-29-02
Columbia U-6B-2 filed 2-14-02
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
and Controller
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 2002 MARCH 31, 2002 OR SECURITY TERMS
------------------------------------------------------------------------------------------------------------------------------------
NiSource Finance Corp. - 116,800,000 Short-term Debt Commercial paper borrowing
with a weighted average
interest rate of 3.016%
NiSource Finance Corp. 150,000,000 1,000,000 Short-term Debt Credit facility advances with
a weighted average interest
rate of 2.641%
NiSource Finance Corp. 5,749,300,000 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 WEIGHTED AVERAGE
LENDING COMPANY BORROWING SUBSIDIARY 1ST QUARTER 2002 INTEREST RATE
-----------------------------------------------------------------------------------------------------------------
Bay State Gas Company Northern Utilities, Inc. 1,615,000 2.69%
-----------------------------------------------------------------------------------------------------------------
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
GUARANTOR SUBSIDIARY DURING 1ST QUARTER 2002 PURPOSE
----------------------------------------------------------------------------------------------------------------------
NiSource NiSource Development Company 9,065,000 Guarantee airplane leases and
real estate development
----------------------------------------------------------------------------------------------------------------------
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) 2002
------------
ASSETS
Property, Plant, and Equipment:
Utility plant $ 16,162,937
Accumulated depreciation and amortization (7,743,298)
------------
Net Utility Plant 8,419,639
------------
Gas and oil producing properties, full cost method
United States cost center 1,014,249
Canadian cost center 14,468
Accumulated depletion (90,067)
------------
Net gas and oil producing properties 938,650
------------
Other property, at cost, less accumulated depreciation 108,354
------------
Net Property, Plant and Equipment 9,466,643
------------
Investments:
Net assets of discontinued operations 348,290
Unconsolidated affiliates 112,771
Assets held for sale 0
Other investments 57,691
------------
Total Investments 518,752
------------
Current Assets:
Cash and cash equivalents 69,909
Accounts receivable - less reserve 879,924
Other receivables 15,206
Gas inventory 79,541
Underrecovered gas and fuel costs 89,188
Material and supplies, at average cost 78,962
Electric production fuel, at average cost 33,457
Price risk management asset 144,418
Exchange gas receivable 140,829
Prepayments and other 414,388
------------
Total Current Assets 1,945,822
------------
Other Assets:
Price risk asset long term 74,689
Regulatory assets 544,467
Intangible assets 3,731,400
Deferred charges and other 389,159
------------
Total Other Assets 4,739,715
------------
Total Assets $ 16,670,932
============
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) 2002
-----------
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock Equity $ 3,581,322
Preferred Stocks -
Subsidiary Companies
Series without mandatory redemption provisions 83,631
Series with mandatory redemption provisions 4,969
Company - obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely Company debentures 345,000
Long-term debt, excluding amounts due within one year 5,749,293
-----------
Total Capitalization 9,764,215
-----------
Current Liabilities:
Current redeemable preferred stock subject to mandatory redemption 43,000
Current portion of long-term debt 418,276
Short-term borrowings 1,116,809
Accounts payable 452,584
Dividends declared on common and preferred stocks 61,931
Customer deposits 55,721
Taxes accrued 425,831
Interest accrued 171,900
Overrecovered gas and fuel costs 40,130
Price risk management liabilities 169,722
Exchange gas payable 223,456
Current deferred revenue 117,990
Other accruals 604,682
-----------
Total current liabilities 3,902,032
-----------
Other:
Price risk management liabilities 18,074
Deferred income taxes 1,776,674
Deferred investment tax credits 103,012
Deferred credits 235,243
Non-current deferred revenue 403,131
Accrued liability for post retirement benefits 288,108
Other non-current liabilities 180,443
-----------
Total other 3,004,685
-----------
Total Capitalization and Liabilities $16,670,932
===========
7
Exhibit #5
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) 2002
-----------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 6,250,033
Accumulated depreciation and amortization (3,415,098)
-----------
Net Utility Plant 2,834,935
-----------
OTHER PROPERTY AND INVESTMENTS 8,347
-----------
CURRENT ASSETS:
Cash and cash equivalents 8,367
Accounts receivable - less reserve 144,356
Gas cost adjustment clause 29,757
Material and supplies, at average cost 46,084
Electric production fuel, at average cost 33,457
Natural gas in storage, at last in, first-out cost 5,891
Price risk management assets 314
Prepayments and other 44,692
-----------
Total Current Assets 312,918
-----------
OTHER ASSETS:
Regulatory assets 168,282
Deferred charges and other 191,015
-----------
Total Other Assets 359,297
-----------
TOTAL ASSETS $ 3,515,497
===========
8
Exhibit #5
As of March 31, (in thousands) 2002
----------
CAPITALIZATION AND LIABILITIES
Capitalization:
Common shareholder's equity $1,078,974
Preferred Stocks -
Series without mandatory redemption provisions 81,114
Series with mandatory redemption provisions 4,969
Long-term debt, excluding amount due within one year 823,137
----------
Total Capitalization 1,988,194
----------
Current Liabilities:
Current redeemable preferred stock subject to mandatory redemption 43,000
Current portion of long-term debt 79,000
Short term borrowings 139,538
Accounts payable 136,400
Dividends declared on common and preferred stock 1,750
Customer deposits 33,413
Taxes accrued 264,574
Interest accrued 14,747
Fuel adjustment clause 0
Accrued employment costs 44,873
Price risk management liabilities 150
Other accruals 22,501
----------
Total current liabilities 779,946
----------
Other:
Deferred income taxes 457,989
Deferred investment tax credits 69,627
Deferred credits 45,148
Accrued liability for post retirement benefits 160,659
Regulatory liabilities 4,591
Other noncurrent liabilities 9,343
----------
Total other 747,357
----------
Total Capitalization and Liabilities $3,515,497
==========
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) 2002
-----------
ASSETS
Property, Plant, and Equipment:
Utility plant $ 1,390,295
Accumulated depreciation and amortization (316,086)
-----------
Net Utility Plant 1,074,209
-----------
Other property and investments 2,513
-----------
Current Assets:
Cash and cash equivalents 5,866
Accounts receivable - less reserve 118,055
Gas cost adjustment clause 11,057
Material and supplies, at average cost 8,759
Natural gas in storage - weighted average 21,975
Prepayments and other 6,430
-----------
Total Current Assets 172,142
-----------
Other Assets:
Regulatory assets 15,510
Intangible assets 2,849
Deferred charges and other 35,366
-----------
Total Other Assets 53,725
-----------
Total Assets $ 1,302,589
===========
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) 2002
----------
CAPITALIZATION AND LIABILITIES
Capitalization:
Common shareholder's equity $ 550,608
Long-term debt excluding amt due within one year 102,167
----------
Total Capitalization 652,775
----------
Current Liabilities:
Short term borrowings 53,833
Accounts payable 23,807
Notes payable to associated companies 173,373
Customer deposits 3,840
Taxes accrued 25,095
Interest accrued 3,558
Refunds due customers within one year 6,047
Other accruals 49,971
----------
Total current liabilities 339,524
----------
Other:
Deferred income taxes 292,830
Deferred investment tax credits 3,175
Other noncurrent liabilities 14,285
----------
Total other 310,290
----------
Total Capitalization and Liabilities $1,302,589
==========
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) 2002
---------
ASSETS
Property, Plant, and Equipment:
Utility plant $ 253,088
Accumulated depreciation and amortization (50,765)
---------
Net Utility Plant 202,323
---------
Other property and investments 2,408
---------
Current Assets:
Cash and cash equivalents 885
Accounts receivable - less reserve 22,564
Gas cost adjustment clause 7,893
Material and supplies, at average cost 824
Natural gas in storage, weighted average 13,297
Prepayments and other 3,040
---------
Total Current Assets 48,503
---------
Other Assets:
Regulatory assets 8,239
Intangible assets 1,026
Deferred charges and other 2,632
---------
Total Other Assets 11,897
---------
Total Assets $ 265,131
=========
CAPITALIZATION AND LIABILITIES
Capitalization:
Common shareholder's equity $ 114,342
Long-term debt excluding amt due within one year 6,667
---------
Total Capitalization 121,009
---------
Current Liabilities:
Short term borrowings 833
Accounts payable 5,532
Notes payable to associated companies 61,160
Customer deposits 825
Taxes accrued 5,190
Interest accrued 249
Price risk management liabilities (4)
Refunds due customers within one year 1,586
Other accruals 15,494
---------
Total current liabilities 90,865
---------
Other:
Deferred income taxes 49,664
Deferred investment tax credits 282
Other non-current liabilities 3,311
---------
Total other 53,257
---------
Total Capitalization and Liabilities $ 265,131
=========
12
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) 2002
----------------------------- -------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $78,530
Accumulated depreciation and amortization (37,324)
-------
Net Utility Plant 41,206
-------
OTHER PROPERTY AND INVESTMENTS 4
-------
CURRENT ASSETS:
Cash and cash equivalents 991
Accounts receivable - less reserve 6,083
Gas cost adjustment clause 1,082
Material and supplies, at average cost 412
Natural gas in storage - weighted average 943
Prepayments and other 24
-------
Total Current Assets 9,535
-------
OTHER ASSETS:
Deferred charges and other 62
-------
Total Other Assets 62
-------
TOTAL ASSETS $50,807
=======
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $34,675
-------
Total Capitalization 34,675
-------
CURRENT LIABILITIES:
Short term borrowings 0
Accounts payable 5,309
Customer deposits 478
Taxes accrued 743
Interest accrued 128
Other accruals 1,818
-------
Total current liabilities 8,476
-------
OTHER:
Deferred income taxes 4,158
Deferred investment tax credits 492
Post retirement benefits accrued 409
Regulatory income tax liability 0
Other non-current liabilities 2,597
-------
Total other 7,656
-------
TOTAL CAPITALIZATION AND LIABILITIES $50,807
=======
13
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) 2002
----------------------------- --------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 72,052
Accumulated depreciation and amortization (25,526)
--------
Net Utility Plant 46,526
--------
OTHER PROPERTY AND INVESTMENTS 687
--------
CURRENT ASSETS:
Cash and cash equivalents 383
Accounts receivable - less reserve 13,249
Gas adjustment clause 3,255
Material and supplies, at average cost 439
Natural gas in storage - weighted average 904
Prepayments and other 64
--------
Total Current Assets 18,294
--------
OTHER ASSETS:
Regulatory assets 127
Deferred charges and other 170
--------
Total Other Assets 297
--------
TOTAL ASSETS $ 65,804
========
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 46,399
--------
Total Capitalization 46,399
--------
CURRENT LIABILITIES:
Accounts payable 4,125
Customer deposits 203
Taxes accrued 1,945
Other accruals 1,915
--------
Total current liabilities 8,188
--------
OTHER:
Deferred income taxes 4,590
Deferred investment tax credits 302
Deferred credits 4,238
Other non-current liabilities 2,087
--------
Total other 11,217
--------
TOTAL CAPITALIZATION AND LIABILITIES $ 65,804
========
14
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) 2002
----------------------------- ---------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 226,265
Accumulated depreciation and amortization (101,704)
---------
Net Utility Plant 124,561
---------
CURRENT ASSETS:
Cash and cash equivalents 97
Accounts receivable - less reserve 42,537
Gas adjustment clause 3,532
Exchange gas receivable 123
Natural gas in storage - weighted average 4,334
Prepayments and other 1,853
---------
Total Current Assets 52,476
---------
OTHER ASSETS:
Regulatory assets 5,411
Deferred charges and other 1,252
---------
Total Other Assets 6,663
---------
TOTAL ASSETS $ 183,700
=========
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 76,754
Long-term debt excluding amt due within one year 42,202
---------
Total Capitalization 118,956
---------
CURRENT LIABILITIES:
Short term borrowings 26
Accounts payable 12,592
Notes payable to associated companies 5,805
Customer deposits 2,388
Taxes accrued 6,838
Deferred income taxes 5,225
Exchange gas payable 5,416
Other accruals 9,437
---------
Total current liabilities 47,727
---------
OTHER:
Deferred income taxes 9,382
Deferred investment tax credits 1,379
Other non-current liabilities 6,256
---------
Total other 17,017
---------
TOTAL CAPITALIZATION AND LIABILITIES $ 183,700
=========
15
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) 2002
----------------------------- -----------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,508,503
Accumulated depreciation and amortization (660,679)
-----------
Net Utility Plant 847,824
-----------
CURRENT ASSETS:
Cash and cash equivalents 860
Accounts receivable - less reserve 191,342
Gas adjustment clause 3,344
Exchange gas receivable 37,121
Natural gas in storage - weighted average 8,129
Prepayments and other 102,235
-----------
Total Current Assets 343,031
-----------
OTHER ASSETS:
Regulatory assets 191,451
Deferred charges and other 32,951
-----------
Total Other Assets 224,402
-----------
TOTAL ASSETS $ 1,415,257
===========
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 403,764
Long-term debt excluding amt due within one year 207,192
-----------
Total Capitalization 610,956
-----------
CURRENT LIABILITIES:
Short term borrowings 148
Accounts payable 252,302
Customer deposits 7,371
Taxes accrued 86,498
Deferred income taxes 44,169
Exchange gas payable 63,890
Estimated rate refund 12,053
Other accruals 86,397
-----------
Total current liabilities 552,828
-----------
OTHER:
Deferred income taxes 127,179
Deferred investment tax credits 16,296
Other non-current liabilities 107,998
-----------
Total other 251,473
-----------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,415,257
===========
16
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) 2002
----------------------------- -----------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 647,311
Accumulated depreciation and amortization (217,176)
---------
Net Utility Plant 430,135
---------
CURRENT ASSETS:
Cash and cash equivalents 2,919
Accounts receivable - less reserve 115,927
Gas adjustment clause 37,162
Exchange gas receivable 13,290
Natural gas in storage - weighted average 1,421
Prepayments and other 10,775
---------
Total Current Assets 181,494
---------
OTHER ASSETS:
Regulatory assets 67,094
Deferred charges and other 4,482
---------
Total Other Assets 71,577
---------
Total Assets $ 683,206
=========
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 213,313
Long-term debt excluding amt due within one year 185,215
---------
Total Capitalization 398,528
---------
CURRENT LIABILITIES:
Accounts payable 30,874
Notes payable to associated companies 17,843
Customer deposits 2,977
Taxes accrued 30,107
Deferred income taxes 1,973
Exchange gas payable 12,242
Other accruals 53,763
---------
Total current liabilities 149,779
---------
OTHER:
Deferred income taxes 90,973
Deferred investment tax credits 7,776
Other non-current liabilities 36,150
---------
Total other 134,899
---------
Total Capitalization and Liabilities $ 683,206
=========
17
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) 2002
----------------------------- -----------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 483,811
Accumulated depreciation and amortization (114,346)
---------
Net Utility Plant 369,465
---------
CURRENT ASSETS:
Cash and cash equivalents 3,730
Accounts receivable - less reserve 65,990
Exchange gas receivable 683
Material and supplies, at average cost 583
Natural gas in storage - weighted average 1,022
Prepayments and other 21,191
---------
Total Current Assets 93,199
---------
OTHER ASSETS:
Regulatory assets 11,678
Deferred charges and other 3,774
---------
Total Other Assets 15,452
---------
TOTAL ASSETS $ 478,116
=========
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 156,718
Long-term debt excluding amt due within one year 130,175
---------
Total Capitalization 286,893
---------
CURRENT LIABILITIES:
Accounts payable 21,521
Notes payable to associated companies 12,835
Customer deposits 4,665
Taxes accrued 19,255
Gas adjustment clause 36,513
Exchange gas payable 3,500
Other accruals 20,704
---------
Total current liabilities 118,993
---------
OTHER:
Deferred income taxes 29,369
Deferred investment tax credits 2,184
Other non-current liabilities 40,677
---------
Total other 72,230
---------
Total Capitalization and Liabilities $ 478,116
=========
18
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) 2002
----------------------------- -----------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 82,892
Accumulated depreciation and amortization (34,912)
--------
Net Utility Plant 47,980
--------
CURRENT ASSETS:
Cash and cash equivalents 230
Accounts receivable - less reserve 20,526
Material and supplies, at average cost 103
Natural gas in storage - weighted average 836
Prepayments and other 3,778
--------
Total Current Assets 25,473
--------
OTHER ASSETS:
Regulatory assets 2,151
Deferred charges and other 216
--------
Total Other Assets 2,367
--------
Total Assets $ 75,820
========
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 28,175
Long-term debt excluding amt due within one year 18,975
--------
Total Capitalization 47,150
--------
CURRENT LIABILITIES:
Accounts payable 4,087
Notes payable to associated companies 2,495
Customer deposits 359
Taxes accrued 4,192
Gas adjustment clause 3,617
Exchange gas payable 1,205
Other accruals 3,124
--------
Total current liabilities 19,079
--------
OTHER:
Deferred income taxes 4,829
Deferred investment tax credits 788
Other non-current liabilities 3,974
--------
Total other 9,591
--------
TOTAL CAPITALIZATION AND LIABILITIES $ 75,820
========
19
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 FIRST QUARTER OF 2002 FIRST QUARTER OF 2002 FIRST QUARTER OF 2002
------------------------------------------------------------------------------------------------------------------------------------
Alamco-Haug Hauling N/A 667,000 2.76%
Columbia Assurance Agency, Inc. N/A 11,000 2.76%
Columbia Accounts Receivable Corporation N/A 9,120,000 2.76%
Columbia Atlantic Trading Corporation 0 5,161,000 2.76%
CNR Canada, Ltd. 4,408,000 0 2.76%
Columbia Energy Group Capital Corporation N/A 179,000 2.76%
Columbia Deep Water Services Company 831,000 0 2.76%
Columbia Electric Corporation N/A 6,116,000 2.76%
Columbia Energy Resources, Inc. N/A 2,016,000 2.76%
Columbia Energy Services Corporation 104,000 25,516,000 2.76%
Columbia Finance Corporation N/A 39,000 2.76%
Columbia Energy Group N/A 434,919,000 2.76%
Columbia Gulf Transmission Company 32,464,000 0 2.76%
Columbia Gas of Virginia, Inc. 0 46,435,000 2.76%
Columbia Insurance Corporation, Ltd. N/A 52,000 2.76%
Columbia Gas of Kentucky, Inc. 0 33,378,000 2.76%
Columbia LNG Corporation N/A 9,691,000 2.76%
Columbia Gas of Maryland, Inc. 0 14,189,000 2.76%
CNS Microwave, Inc. N/A 1,360,000 2.76%
Columbia Natural Resources, Inc. 36,039,000 0 2.76%
Columbia Network Services Corporation N/A 3,151,000 2.76%
Columbia Gas of Ohio, Inc. 249,068,000 0 2.76%
Columbia Gas of Pennsylvania, Inc. 25,933,000 15,253,000 2.76%
Columbia Propane Corporation 7,496,000 0 2.76%
CP Holdings, Inc. N/A 115,000 2.76%
Columbia Pipeline Corporation N/A 37,000 2.76%
Columbia Energy Power Marketing Corporation 2,232,000 0 2.76%
Columbia Remainder Corporation 19,229,000 12,000 2.76%
Crossroads Pipeline 30,593,000 0 2.76%
Columbia Energy Group Service Corp. 186,279,000 0 2.76%
Columbia Service Partners, Inc. N/A 12,418,000 2.76%
Columbia Transmission Communications Corporation N/A 5,371,000 2.76%
NiSource Development Company, Inc. 195,060,000 0 2.76%
EnergyUSA, Inc. 35,082,000 0 2.76%
EnergyUSA, Inc. (MA) 5,814,000 0 2.76%
Kokomo Gas and Fuel Company 1,019,000 1,488,000 2.76%
NiSource Capital Markets. Inc. N/A 300,000,000 2.76%
NI Energy Services, Inc. 45,864,000 0 2.76%
NiSource Energy Technologies, Inc. 18,311,000 0 2.76%
NiSource Finance Corp. N/A 151,715,000 2.76%
NiSource Inc. N/A 63,061,000 2.76%
Northern Indiana Fuel and Light Company, Inc. 601,000 7,354,000 2.76%
Northern Indiana Public Service Company 262,438,000 0 2.76%
NiSource Pipeline Group, Inc. 18,738,000 0 2.76%
Columbia Petroleum Corporation N/A 52,518,000 2.76%
Columbia Propane, L.P. N/A 3,297,000 2.76%
Primary Energy, Inc. 0 9,445,000 2.76%
Columbia Gas Transmission Corporation 104,961,000 16,513,000 2.76%
EnergyUSA-TPC Corp. 0 78,313,000 2.76%
20