November 25, 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
106,500 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 July 22, 2003, NiSource entered into fixed-to-variable interest rate
swap agreements in a notional amount of $500.0 million with four
counterparties with an 11-year term. NiSource will receive payments
based upon a fixed 5.40% interest rate and pay a floating interest
amount based on U.S. 6-month LIBOR-BBA plus an average of 0.78% 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
None
11. Consolidated balance sheets as of the end of the quarter, and separate
balance sheets as of the end of the quarter for each company, including
NiSource, that has engaged in financing transactions during the quarter
Please see the attached Exhibits 4 through 14 for balance sheets for
NiSource, Northern Indiana Public Service Company, Bay State Gas
Company, Northern Utilities, Kokomo Gas and Fuel, Northern Indiana Fuel
and Light, Columbia Gas of Kentucky, Columbia Gas of Ohio, Columbia Gas
of Pennsylvania Columbia Gas of Virginia and Columbia Gas of Maryland.
12. The maximum outstanding amount of all borrowings under or investments in
the Money Pool by each Money Pool participant during the quarter, and the
rate or range of rates charged on Money Pool investments during the quarter
Please see Exhibit 15
13. The number of shares of common stock issued by Columbia Maryland to
Columbia during the quarter and the price per share paid
None
14. The principal amount, interest rate and maturity of any long-term debt
security issued by Columbia Maryland to Columbia during the quarter
None
Very truly yours,
NiSource Inc.
By: /s/ 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 THIRD QUARTER OF 2003 SEPTEMBER 30, 2003 OR SECURITY TERMS
---------------------------------------------------------------------------------------------------------------------------------
NiSource Finance Corp - 42,900,000 Short-term Debt Commercial paper borrowing
with a weighted average interest
rate of 1.837%
NiSource Finance Corp 500,000,000 5,513,300,000 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 THE WEIGHTED AVERAGE
LENDING COMPANY BORROWING SUBSIDIARY 3RD QUARTER 2003 INTEREST RATE
-----------------------------------------------------------------------------------------------------------
NiSource Finance Corp. Northern Indiana Public Service Company 51,580,000 1.79%
NiSource Finance Corp. Bay State Gas Company 51,747,000 1.79%
NiSource Finance Corp. Northern Utilities, Inc. 9,820,000 1.79%
-----------------------------------------------------------------------------------------------------------
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 3RD QUARTER 2003 PURPOSE
---------------------------------------------------------------------------------------------------------------
NiSource/NiSource Capital Markets EnergyUSA - TPC 70,000 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 September 30, (in thousands) 2003
--------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 16,445,104
Accumulated depreciation and amortization (8,121,369)
--------------------------------------------------------------------------------------
Net Utility Plant 8,323,735
--------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation 407,978
--------------------------------------------------------------------------------------
Net Property, Plant and Equipment 8,731,713
--------------------------------------------------------------------------------------
INVESTMENTS:
Assets of discontinued operations and assets held for sale 338,155
Unconsolidated affiliates 118,862
Other investments 70,662
--------------------------------------------------------------------------------------
Total Investments 527,679
--------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 29,871
Restricted cash 41,136
Accounts receivable - less reserve 370,679
Unbilled revenue - less reserve 126,470
Gas inventory 560,437
Underrecovered gas and fuel costs 154,721
Material and supplies, at average cost 68,904
Electric production fuel, at average cost 32,406
Price risk management asset 60,198
Exchange gas receivable 210,372
Regulatory assets 98,279
Prepayments and other 122,673
--------------------------------------------------------------------------------------
Total Current Assets 1,876,146
--------------------------------------------------------------------------------------
OTHER ASSETS:
Price risk asset long term 135,239
Regulatory assets 574,542
Goodwill 3,692,178
Intangible assets 35,689
Deferred charges and other 130,908
--------------------------------------------------------------------------------------
Total Other Assets 4,568,556
--------------------------------------------------------------------------------------
TOTAL ASSETS $ 15,704,094
======================================================================================
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 September 30, (in thousands) 2003
---------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock Equity $ 4,253,666
Preferred Stocks -
Subsidiary Companies
Series without mandatory redemption provisions 81,114
Long-term debt, excluding amounts due within one year 5,513,305
----------------------------------------------------------------------------------------------
Total Capitalization 9,848,085
----------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 874,422
Short-term borrowings 442,900
Accounts payable 397,523
Dividends declared on common and preferred stocks 61,953
Customer deposits 73,345
Taxes accrued 295,533
Interest accrued 183,386
Overrecovered gas and fuel costs 6,402
Price risk management liabilities 58,479
Exchange gas payable 279,246
Current deferred revenue 18,918
Regulatory liabilities 18,035
Accrued liability for postretirement and pension benefits 57,844
Other accruals 336,814
----------------------------------------------------------------------------------------------
Total current liabilities 3,104,800
----------------------------------------------------------------------------------------------
OTHER:
Price risk management liabilities 563
Deferred income taxes 1,596,666
Deferred investment tax credits 89,590
Deferred credits 70,308
Non-current deferred revenue 121,318
Accrued liability for postretirement and pension benefits 351,083
Preferred stock liabilities with mandatory redemption provisions 2,997
Liabilities of discontinued operations and liabilities held for sale 219,571
Regulatory liabilities 92,414
Other noncurrent liabilities 206,699
---------------------------------------------------------------------------------------------
Total other 2,751,209
----------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 15,704,094
==============================================================================================
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 September 30, (in thousands) 2003
---------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 6,567,878
Accumulated depreciation and amortization (3,704,595)
---------------------------------------------------------------------------
Net Utility Plant 2,863,283
---------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 2,376
---------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 6,980
Restricted cash 3,135
Accounts receivable - less reserve 37,907
Unbilled revenue - less reserve 63,968
Gas cost adjustment clause 819
Material and supplies, at average cost 46,278
Electric production fuel, at average cost 32,406
Natural gas in storage, at last in, first-out cost 137,467
Price risk management assets 1,482
Regulatory assets 13,507
Prepayments and other 57,354
---------------------------------------------------------------------------
Total Current Assets 401,303
---------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 214,154
Intangible assets 20,772
Prepayments and other 2,881
---------------------------------------------------------------------------
Total Other Assets 237,807
---------------------------------------------------------------------------
TOTAL ASSETS $ 3,504,769
===========================================================================
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 September 30, (in thousands) 2003
---------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 940,894
Preferred Stocks -
Series without mandatory redemption provisions 81,114
Long-term debt, excluding amount due within one year 681,547
---------------------------------------------------------------------------------------------------------------
Total Capitalization 1,703,555
---------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 38,000
Short-term borrowings 567,013
Accounts payable 119,090
Dividends declared on common and preferred stock 1,127
Customer deposits 47,601
Taxes accrued 132,469
Interest accrued 11,282
Overrecovered gas and fuel costs 4,530
Regulatory liabilities 3,800
Price risk management liabilities 3,382
Accrued liability for postretirement and pension benefits 13,600
Other accruals 56,103
---------------------------------------------------------------------------------------------------------------
Total current liabilities 997,997
---------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 478,748
Deferred investment tax credits 59,003
Deferred credits 18,352
Accrued liability for postretirement and pension benefits 213,343
Preferred stock liabilities with mandatory redemption provisions 2,997
Regulatory liabilities 5,159
Other noncurrent liabilities 25,615
---------------------------------------------------------------------------------------------------------------
Total other 803,217
---------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 3,504,769
===============================================================================================================
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,442,012
Accumulated depreciation and amortization (378,235)
----------------------------------------------------------------------------------------------------------------
Net Utility Plant 1,063,777
----------------------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 2,091
----------------------------------------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 34
----------------------------------------------------------------------------------------------------------------
Total Investments 34
----------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 2,795
Restricted cash 994
Accounts receivable - less reserve 32,372
Unbilled revenue - less reserve 8,942
Gas Inventory 33,117
Underrecovered gas and fuel costs 35,765
Material and supplies, at average cost 5,297
Price risk management asset 34
Exchange gas receivable 34,205
Regulatory assets 4,043
Prepayments and other 5,028
----------------------------------------------------------------------------------------------------------------
Total Current Assets 162,592
----------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Price risk management asset 2
Regulatory assets 35,111
Goodwill 841
Intangible assets 8,094
Deferred charges and other 15,923
----------------------------------------------------------------------------------------------------------------
Total Other Assets 59,971
----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 1,288,465
================================================================================================================
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 524,396
Long-term debt excluding amt due within one year 183,500
----------------------------------------------------------------------------------------------------------------
Total Capitalization 707,896
----------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 833
Short-term borrowings 189,946
Accounts payable 26,982
Customer deposits 4,000
Taxes accrued 11,044
Interest accrued 1,732
Price risk management liabilities 156
Regulatory liabilities 1,819
Other accruals 7,627
----------------------------------------------------------------------------------------------------------------
Total current liabilities 244,139
----------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 298,381
Deferred investment tax credits 2,578
Accrued liability for postretirement and pension benefits 19,781
Regulatory liabilities 3,420
Other noncurrent liabilities 12,270
----------------------------------------------------------------------------------------------------------------
Total other 336,430
----------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,288,465
================================================================================================================
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 263,674
Accumulated depreciation and amortization (62,723)
----------------------------------------------------------------------------------------------------------------
Net Utility Plant 200,951
----------------------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 2,017
----------------------------------------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 2
----------------------------------------------------------------------------------------------------------------
Total Investments 2
----------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 541
Restricted cash 994
Accounts receivable - less reserve 5,713
Unbilled revenue - less reserve 2,014
Gas inventory 1,265
Underrecovered gas and fuel costs 7,783
Material and supplies, at average cost 818
Price risk management asset 34
Exchange gas receivable 21,952
Regulatory assets 82
Prepayments and other 1,674
----------------------------------------------------------------------------------------------------------------
Total Current Assets 42,870
----------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Price risk management asset 2
Regulatory assets 18,790
Goodwill 841
Intangible assets 824
Deferred charges and other 1,966
----------------------------------------------------------------------------------------------------------------
Total Other Assets 22,423
----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 268,263
================================================================================================================
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity
Long-term debt excluding amt due within one year 114,008
----------------------------------------------------------------------------------------------------------------
Total Capitalization 114,008
----------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 833
Short-term borrowings 9,813
Accounts payable 7,348
Customer deposits 908
Taxes accrued 2,720
Interest accrued 50
Price risk management liabilities 156
Regulatory liabilities 793
Other accruals 2,992
----------------------------------------------------------------------------------------------------------------
Total current liabilities 25,613
----------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 51,644
Deferred investment tax credits 245
Accrued liability for postretirement and pension benefits 3,660
Regulatory liabilities 1,426
Other noncurrent liabilities 6,667
----------------------------------------------------------------------------------------------------------------
Total other 63,642
----------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 203,263
================================================================================================================
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 80,268
Accumulated depreciation and amortization (38,884)
----------------------------------------------------------------------------------------------------------------
Net Utility Plant 41,384
----------------------------------------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 5
----------------------------------------------------------------------------------------------------------------
Total Investments 5
----------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 495
Accounts receivable - less reserve 4,627
Unbilled revenue - less reserve 65
Gas Inventory 540
Underrecovered gas and fuel costs 1,346
Material and supplies, at average cost 407
Prepayments and other 90
----------------------------------------------------------------------------------------------------------------
Total Current Assets 7,570
----------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Intangible assets 208
Deferred charges and other 370
----------------------------------------------------------------------------------------------------------------
Total Other Assets 578
----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 49,537
================================================================================================================
----------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 36,886
----------------------------------------------------------------------------------------------------------------
Total Capitalization 36,886
----------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 2,080
Customer deposits 482
Taxes accrued 497
Interest accrued 148
Other accruals 1,430
----------------------------------------------------------------------------------------------------------------
Total current liabilities 4,637
----------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 3,305
Deferred investment tax credits 438
Deferred credits 1,103
Accrued liability for postretirement and pension benefits 1,687
Regulatory liabilities 1,477
Other noncurrent liabilities 4
----------------------------------------------------------------------------------------------------------------
Total other 8,014
----------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 49,537
================================================================================================================
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 74,274
Accumulated depreciation and amortization (28,064)
----------------------------------------------------------------------------------------------------------------
Net Utility Plant 46,210
----------------------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 658
----------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 211
Accounts receivable - less reserve 9,416
Unbilled revenue - less reserve 621
Gas inventory 7,362
Underrecovered gas and fuel costs 3,487
Material and supplies, at average cost 303
Prepayments and other 122
----------------------------------------------------------------------------------------------------------------
Total Current Assets 21,522
----------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 97
Intangible assets 318
Deferred charges and other 653
----------------------------------------------------------------------------------------------------------------
Total Other Assets 1,068
----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 69,458
================================================================================================================
----------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 47,921
----------------------------------------------------------------------------------------------------------------
Total Capitalization 47,921
----------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 3,977
Customer deposits 358
Taxes accrued 1,230
Interest accrued 37
Other accruals 592
----------------------------------------------------------------------------------------------------------------
Total current liabilities 6,194
----------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 5,342
Deferred investment tax credits 302
Deferred credits 483
Accrued liability for postretirement and pension benefits 7,127
Regulatory liabilities 1,890
Other noncurrent liabilities 199
----------------------------------------------------------------------------------------------------------------
Total other 15,343
----------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 69,458
================================================================================================================
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 238,211
Accumulated depreciation and amortization (108,206)
----------------------------------------------------------------------------------------------------------------
Net Utility Plant 130,005
----------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 419
Accounts receivable - less reserve 3,512
Unbilled revenue - less reserve 3,202
Gas inventory 15,167
Underrecovered gas and fuel costs 28,811
Exchange gas receivable 1,627
Regulatory assets 815
Prepayments and other 913
----------------------------------------------------------------------------------------------------------------
Total Current Assets 54,466
----------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 3,075
Intangible assets 66
Deferred charges and other 946
----------------------------------------------------------------------------------------------------------------
Total Other Assets 4,087
----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 188,558
================================================================================================================
16
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 71,930
Long-term debt excluding amt due within one year 42,157
----------------------------------------------------------------------------------------------------------------
Total Capitalization 114,087
----------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 31
Short-term borrowings 9,594
Accounts payable 14,033
Customer deposits 2,324
Taxes accrued 4,048
Interest accrued 91
Price risk management liabilities 481
Exchange gas payable 6,851
Regulatory liabilities 79
Accrued liability for postretirement and pension benefits 1,027
Other accruals 14,325
----------------------------------------------------------------------------------------------------------------
Total current liabilities 52,884
----------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 13,695
Deferred investment tax credits 1,232
Accrued liability for postretirement and pension benefits 1,208
Regulatory liabilities 4,704
Other noncurrent liabilities 748
----------------------------------------------------------------------------------------------------------------
Total other 21,587
----------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 188,558
================================================================================================================
17
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,566,274
Accumulated depreciation and amortization (680,691)
----------------------------------------------------------------------------------------------------------------
Net Utility Plant 885,583
----------------------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 1,270
----------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 3,076
Accounts receivable - less reserve 35,796
Unbilled revenue - less reserve 31,658
Gas inventory 236,358
Underrecovered gas and fuel costs 47,399
Exchange gas receivable 69,642
Regulatory assets 48,632
Prepayments and other 11,243
----------------------------------------------------------------------------------------------------------------
Total Current Assets 483,804
----------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 206,563
Intangible assets 968
Deferred charges and other 64,558
----------------------------------------------------------------------------------------------------------------
Total Other Assets 272,089
----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 1,642,746
================================================================================================================
18
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 441,436
Long-term debt excluding amt due within one year 306,893
----------------------------------------------------------------------------------------------------------------
Total Capitalization 748,329
----------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 210
Short-term borrowings 162,140
Accounts payable 129,607
Customer deposits 10,840
Taxes accrued 63,090
Interest accrued 1,523
Price risk management liabilities 1,822
Exchange gas payable 83,778
Regulatory liabilities 5,225
Accrued liability for postretirement and pension benefits 9,428
Other accruals 108,375
----------------------------------------------------------------------------------------------------------------
Total current liabilities 576,038
----------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 132,081
Deferred investment tax credits 15,236
Accrued liability for postretirement and pension benefits 48,066
Regulatory liabilities 69,748
Other noncurrent liabilities 53,248
----------------------------------------------------------------------------------------------------------------
Total other 318,379
----------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,642,746
================================================================================================================
19
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 676,454
Accumulated depreciation and amortization (233,341)
----------------------------------------------------------------------------------------------------------------
Net Utility Plant 443,113
----------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 2,521
Accounts receivable - less reserve 28,812
Unbilled revenue - less reserve 12,989
Gas inventory 88,153
Underrecovered gas and fuel costs 34,628
Exchange gas receivable 26,255
Regulatory assets 10,515
Prepayments and other 2,271
----------------------------------------------------------------------------------------------------------------
Total Current Assets 206,144
----------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 69,032
Intangible assets 295
Deferred charges and other 1,940
----------------------------------------------------------------------------------------------------------------
Total Other Assets 71,267
----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 720,524
================================================================================================================
----------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 214,022
Long-term debt excluding amt due within one year 185,215
----------------------------------------------------------------------------------------------------------------
Total Capitalization 399,237
----------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Short-term borrowings 46,514
Accounts payable 45,229
Customer deposits 2,173
Price risk management liabilities 1,059
Exchange gas payable 40,759
Regulatory liabilities 4,746
Accrued liability for postretirement and pension benefits 6,771
Other accruals 28,138
----------------------------------------------------------------------------------------------------------------
Total current liabilities 175,389
----------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 109,375
Deferred investment tax credits 7,235
Accrued liability for postretirement and pension benefits 11,793
Regulatory liabilities 6,867
Other noncurrent liabilities 10,628
----------------------------------------------------------------------------------------------------------------
Total other 145,898
----------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 720,524
================================================================================================================
20
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 511,842
Accumulated depreciation and amortization (131,679)
----------------------------------------------------------------------------------------------------------------
Net Utility Plant 380,163
----------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 574
Accounts receivable - less reserve 12,591
Unbilled revenue - less reserve 3,737
Gas inventory 24,280
Underrecovered gas and fuel costs 2,466
Material and supplies, at average cost 390
Exchange gas receivable 2,330
Regulatory assets 2,631
Prepayments and other 5,674
----------------------------------------------------------------------------------------------------------------
Total Current Assets 54,673
----------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 7,962
Intangible assets 120
Deferred charges and other 10,630
----------------------------------------------------------------------------------------------------------------
Total Other Assets 18,712
----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 453,548
================================================================================================================
----------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 182,834
Long-term debt excluding amt due within one year 130,175
----------------------------------------------------------------------------------------------------------------
Total Capitalization 313,009
----------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Short-term borrowings 22,379
Accounts payable 16,878
Customer deposits 5,034
Interest accrued 126
Exchange gas payable 7,593
Regulatory liabilities 291
Accrued liability for postretirement and pension benefits 3,346
Other accruals 12,741
----------------------------------------------------------------------------------------------------------------
Total current liabilities 68,388
----------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 37,720
Deferred investment tax credits 1,965
Accrued liability for postretirement and pension benefits 5,572
Regulatory liabilities 1,257
Other noncurrent liabilities 25,637
----------------------------------------------------------------------------------------------------------------
Total other 72,151
----------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 453,548
================================================================================================================
21
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 September 30, (in thousands) 2003
----------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 85,157
Accumulated depreciation and amortization (36,973)
----------------------------------------------------------------------------------------------------------------
Net Utility Plant 48,184
----------------------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 196
Accounts receivable - less reserve 15,825
Unbilled revenue - less reserve 1,135
Gas inventory 5,948
Material and supplies, at average cost 142
Exchange gas receivable 930
Regulatory assets 306
Prepayments and other 2,215
----------------------------------------------------------------------------------------------------------------
Total Current Assets 26,697
----------------------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 1,858
Intangible assets 20
Deferred charges and other 426
----------------------------------------------------------------------------------------------------------------
Total Other Assets 2,304
----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 77,185
================================================================================================================
----------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 28,811
Long-term debt excluding amt due within one year 18,975
----------------------------------------------------------------------------------------------------------------
Total Capitalization 47,786
----------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 5,139
Customer deposits 343
Taxes accrued 1,463
Overrecovered gas and fuel costs 1,873
Exchange gas payable 1,444
Regulatory liabilities 5
Accrued liability for postretirement and pension benefits 642
Other accruals 8,759
----------------------------------------------------------------------------------------------------------------
Total current liabilities 19,668
----------------------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 6,431
Deferred investment tax credits 711
Accrued liability for postretirement and pension benefits 1,380
Regulatory liabilities 495
Other noncurrent liabilities 714
----------------------------------------------------------------------------------------------------------------
Total other 9,731
----------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 77,185
================================================================================================================
22
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) THIRD QUARTER OF 2003 THIRD QUARTER OF 2003 THIRD QUARTER OF 2003
--------------------------------------------------------------------------------------------------------------------------
Alamco-Haug Hauling N/A 990 1.79%
Bay State Gas Company 180,360 0 1.79%
Columbia Assurance Agency, Inc. N/A 32 1.79%
Columbia Accounts Receivable Corporation N/A 9,641 1.79%
Columbia Atlantic Trading Corporation N/A 3,576 1.79%
CNR Canada, Ltd. 5,389 0 1.79%
Columbia Energy Group Capital Corporation N/A 0 1.79%
Columbia Deep Water Services Company 549 0 1.79%
Columbia Electric Corporation N/A 3,826 1.79%
Columbia Energy Resources, Inc. N/A 4,286 1.79%
Columbia Energy Services Corporation 30,749 0 1.79%
Columbia Finance Corporation N/A 0 1.79%
Columbia Energy Group N/A 861,355 1.79%
Columbia Gulf Transmission Company 24,442 0 1.79%
Columbia Gas of Virginia, Inc. 22,909 2,615 1.79%
Columbia Insurance Corporation, Ltd. N/A 51 1.79%
Columbia Gas of Kentucky, Inc. 11,128 15,207 1.79%
Columbia LNG Corporation N/A 0 1.79%
Columbia Gas of Maryland, Inc. 0 20,004 1.79%
CNS Microwave, Inc. N/A 1,745 1.79%
Columbia Natural Resources, Inc. 78,651 0 1.79%
Columbia Network Services Corporation N/A 3,191 1.79%
Columbia Gas of Ohio, Inc. 162,958 102,490 1.79%
Columbia Gas of Pennsylvania, Inc. 48,173 28,945 1.79%
Columbia Propane Corporation 19,484 0 1.79%
CP Holdings, Inc. N/A 119 1.79%
Columbia Pipeline Corporation N/A 0 1.79%
Columbia Energy Power Marketing Corporation 0 0 1.79%
Columbia Remainder Corporation 0 0 1.79%
Crossroads Pipeline 30,696 0 1.79%
NiSource Corporate Services Company 82,988 0 1.79%
Columbia Service Partners, Inc. N/A 8,661 1.79%
Columbia Transmission Communications Corporation N/A 1,411 1.79%
NiSource Development Company, Inc. 179,208 0 1.79%
EnergyUSA, Inc. 49,974 0 1.79%
EnergyUSA, Inc. (MA) 0 2,700 1.79%
Kokomo Gas and Fuel Company 0 3,958 1.79%
NiSource Capital Markets. Inc. N/A 1,365 1.79%
NI Energy Services, Inc. 48,891 0 1.79%
NiSource Energy Technologies, Inc. 22,251 0 1.79%
NiSource Finance Corp. N/A 1,162,292 1.79%
NiSource Inc. N/A 108,448 1.79%
Northern Indiana Fuel and Light Company, Inc. 0 12,985 1.79%
Northern Indiana Public Service Company 589,578 0 1.79%
Granite State Gas Transmission 7,188 0 1.79%
Northern Utilities, Inc. 9,820 8,613 1.79%
Columbia Petroleum Corporation N/A 0 1.79%
Columbia Propane, L.P. N/A 1,661 1.79%
Primary Energy, Inc. 169,868 0 1.79%
Columbia Gas Transmission Corporation 183,175 0 1.79%
EnergyUSA-TPC Corp. 45,384 0 1.79%
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23