-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QR8STgCoEPBWAgfVt+HJDi+ygNj5sbOBHRUqK/EXVY8sSwlPmyIMDtmNBpOVe13R aTgqWNDKfPhJMAFJ7vmR8Q== 0000893220-97-000862.txt : 19970501 0000893220-97-000862.hdr.sgml : 19970501 ACCESSION NUMBER: 0000893220-97-000862 CONFORMED SUBMISSION TYPE: U-13-60 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970430 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA GAS SYSTEM INC CENTRAL INDEX KEY: 0000022099 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 131594808 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-13-60 SEC ACT: 1935 Act SEC FILE NUMBER: 049-00095 FILM NUMBER: 97591982 BUSINESS ADDRESS: STREET 1: 12355 SUNRISE VALLEY DRIVE STREET 2: SUITE 300 CITY: RESTON STATE: VA ZIP: 20191-3458 BUSINESS PHONE: 7032950394 MAIL ADDRESS: STREET 1: 12355 SUNRISE VALLEY DRIVE STREET 2: SUITE 300 CITY: RESTON STATE: VA ZIP: 20191-3458 U-13-60 1 FORM U-13-60 - TRISTAR VENTURES CORPORATION 1 PAGE 1 Form U-13-60 Mutual and Subsidiary Service Companies Revised February 7, 1980 ANNUAL REPORT For the Period Beginning January 1, 1996 and Ending December 31, 1996 ----------------- ------------------- To The U.S. SECURITIES AND EXCHANGE COMMISSION OF TRISTAR VENTURES CORPORATION -------------------------------------------------------------------------- (Exact Name of Reporting Company) A Subsidiary Service Company --------------------- ("Mutual" or "Subsidiary") Date of Incorporation September 26, 1986 ------------------ State or Sovereign Power under which Incorporated or Organized Delaware ------------ Location of Principal Executive Offices of Reporting Company: 205 Van Buren Street, Suite 120, Herndon, Virginia 20170 DENNIS P. DETAR, TREASURER & CONTROLLER 205 Van Buren Street, Suite 120 Herndon, Virginia 20170 -------------------------------------------------------------------------- (Name, title and address of officer to whom correspondence concerning this report should be addressed) TRISTAR VENTURES CORPORATION -------------------------------------------------------------------------- (Name of Principal Holding Company whose Subsidiaries are served by Reporting Company) 2 PAGE 2 INSTRUCTIONS FOR USE OF FORM U-13-60 1. Time of Filing - Rule 94 provides that on or before the first day of May in each calendar year, each mutual service company and each subsidiary service company as to which the Commission shall have made a favorable finding pursuant to Rule 88, and every service company whose application for approval or declaration pursuant to Rule 88 is pending shall file with the Commission an annual report on Form U-13-60 and in accordance with the Instructions for that form. 2. Number of Copies - Each annual report shall be filed in duplicate. The company should prepare and retain at least one extra copy for itself in case correspondence with reference to the report become necessary. 3. Period Covered by Report - The first report filed by any company shall cover the period from the date the Uniform System of Accounts was required to be made effective as to that company under Rules 82 and 93 to the end of that calendar year. Subsequent reports should cover a calendar year. 4. Report Format - Reports shall be submitted on the forms prepared by the Commission. If the space provided on any sheet of such form is inadequate, additional sheets may be inserted on the same size as a sheet of the form or folded to such size. 5. Money Amounts Displayed - All money amounts required to be shown in financial statements may be expressed in whole dollars, in thousands of dollars or in hundred thousands of dollars, as appropriate and subject to provisions of Regulation S-X (Section 210.3-01[b]). 6. Deficits Displayed - Deficits and other like entries shall be indicated by the use of either brackets or a parenthesis with corresponding reference in footnotes. (Regulation S-X, Section 210.3-01[c]) 7. Major Amendments or Corrections - Any company desiring to amend or correct a major omission or error in a report after it has been filed with the Commission shall submit an amended report including only those pages, schedules, and entries that are to be amended or corrected. A cover letter shall be submitted requesting the Commission to incorporate the amended report changes and shall be signed by a duly authorized officer of the company. 8. Definitions - Definitions contained in Instruction 01-8 to the Uniform System of Accounts for Mutual Service Companies and Subsidiary Service Companies, Public Utility Holding Company Act of 1935, as amended February 2, 1979, shall be applicable to words or terms used specifically within this Form U-13-60. 9. Organization Chart - The service company shall submit with each annual report a copy of its current organization chart. 10. Methods of Allocation - The service company shall submit with each annual report a listing of the currently effective methods of allocation being used by the service company and on file with the Securities and Exchange Commission pursuant to the Public Utility Holding Company Act of 1935. 11. Annual Statement of Compensation for Use of Capital Billed - The service company shall submit with each annual report a copy of the annual statement supplied to each associate company in support of the amount of compensation for use of capital billed during the calendar year. 3 PAGE 3 - -------------------------------------------------------------------------------- LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS - --------------------------------------------------------------------------------
Schedule or Account Page Description of Schedules and Accounts Number Number - --------------------------------------------------------- ----------- ------ COMPARATIVE BALANCE SHEET ............................... Schedule I 5-6 SERVICE COMPANY PROPERTY ........................... Schedule II N/A ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY ......... Schedule III N/A INVESTMENTS ........................................ Schedule IV 7 ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES ....... Schedule V 8 FUEL STOCK EXPENSES UNDISTRIBUTED .................. Schedule VI N/A STORES EXPENSE UNDISTRIBUTED ....................... Schedule VII N/A MISCELLANEOUS CURRENT AND ACCRUED ASSETS ........... Schedule VIII 9 MISCELLANEOUS DEFERRED DEBITS ...................... Schedule IX 10 RESEARCH, DEVELOPMENT, OR DEMONSTRATION EXPENDITURES Schedule X 11 PROPRIETARY CAPITAL ................................ Schedule XI 12 LONG-TERM DEBT ..................................... Schedule XII 13 CURRENT AND ACCRUED LIABILITIES .................... Schedule XIII 14 NOTES TO FINANCIAL STATEMENTS ...................... Schedule XIV 15 COMPARATIVE INCOME STATEMENT ............................ Schedule XV 16 ANALYSIS OF INCOME FROM INVESTMENTS - NONASSOCIATE.. COMPANIES .......................................... Account 418 17 ANALYSIS OF BILLING - NONASSOCIATIVE COMPANIES ..... Account 458 18 ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE AND NONASSOCIATE COMPANIES ............................ Schedule XVI 19 SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION .......................................... Schedule XVII 20 DEPARTMENTAL ANALYSIS OF SALARIES .................. Account 920 21 OUTSIDE SERVICES EMPLOYED .......................... Account 923 22 EMPLOYEE PENSIONS AND BENEFITS ..................... Account 926 23 GENERAL ADVERTISING EXPENSES ....................... Account 930.1 24 MISCELLANEOUS GENERAL EXPENSES ..................... Account 930.2 25 RENTS .............................................. Account 931 26 TAXES OTHER THAN INCOME TAXES ...................... Account 408 27 DONATIONS .......................................... Account 426.1 28 OTHER DEDUCTIONS ................................... Account 426.5 29 NOTES TO STATEMENT OF INCOME ....................... Schedule XVIII 30
- -------------------------------------------------------------------------------- N/A - Not applicable to TriStar Ventures Corporation operations 4 PAGE 4 - -------------------------------------------------------------------------------- LISTING OF INSTRUCTIONAL FILING REQUIREMENTS - --------------------------------------------------------------------------------
Page Description of Reports or Statements Number - ---------------------------------------------------------------------- ------ ORGANIZATION CHART .................................................. 31 METHODS OF ALLOCATION ............................................... N/A ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED .......... N/A
- -------------------------------------------------------------------------------- 5 PAGE 5 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION 1996 - -------------------------------------------------------------------------------- SCHEDULE I - COMPARATIVE BALANCE SHEET Give balance sheet of the Company as of December 31 of the current and prior year
- ---------------------------------------------------------------------------------------------------- ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31 - ------- -------------------------------------------------- ------------------------- CURRENT PRIOR ------- ------ $000 $000 SERVICE COMPANY PROPERTY 101 Service company property (Schedule II) ........... - - 107 Construction work in progress (Schedule II) ...... - - ------- ------- Total Property ............................ - - ------- ------- 108 Less accumulated provision for depreciation and amortization of service company property (Schedule III) .................................. - - ------- ------- Net Service Company Property .............. - - ------- ------- INVESTMENTS 123 Investments in associate companies (Schedule IV) - - 124 Other investments (Schedule IV) .................. 29,100 37,586 ------- ------- Total Investments ......................... 29,100 37,586 ------- ------- CURRENT AND ACCRUED ASSETS 131 Cash ........................................... 4 - 134 Special deposits ............................... - 10 135 Working funds .................................. - - 136 Temporary cash investments (Schedule IV) ....... 1,367 - 141 Notes receivable ............................... - - 143 Accounts receivable ............................ 921 518 144 Accumulated provision for uncollectible accounts - - 146 Accounts receivable from associate companies (Schedule V) .................................. 18,079 9,033 152 Fuel stock expenses undistributed (Schedule VI). - - 154 Materials and supplies ......................... - - 163 Stores expense undistributed (Schedule VII) .... - - 165 Prepayments .................................... 32 32 174 Miscellaneous current and accrued assets (Schedule VIII) ............................... - - ------- ------- Total Current and Accrued Assets ........ 20,403 9,593 ------- ------- DEFERRED DEBITS 181 Unamortized debt expense ....................... - - 184 Clearing accounts .............................. - - 186 Miscellaneous deferred debits (Schedule IX) .... 568 608 188 Research, development, or demonstration expenditures (Schedule X) ..................... - - 190 Accumulated deferred income taxes .............. 590 358 ------- ------- Total Deferred Debits ................... 1,158 966 ------- ------- TOTAL ASSETS AND OTHER DEBITS ........... 50,661 48,145 ======= =======
6 PAGE 6 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION 1996 - -------------------------------------------------------------------------------- SCHEDULE I- COMPARATIVE BALANCE SHEET
- ---------------------------------------------------------------------------------------------- ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL AS OF DECEMBER 31 - ------- ----------------------------------------------------- ------------------------- CURRENT PRIOR ---------- ---------- $000 $000 PROPRIETARY CAPITAL 201 Common stock issued (Schedule XI) ............... 15,293 15,293 211 Miscellaneous paid-in-capital (Schedule XI) ..... 42,802 42,802 215 Appropriated retained earnings (Schedule XI) .... - - 216 Unappropriated retained earnings (Schedule XI)... (16,542) (18,243) -------- ------- Total Proprietary Capital ................ 41,553 39,852 ------- ------- LONG-TERM DEBT 223 Advances from associate companies (Schedule XII) - - 224 Other long-term debt (Schedule XII) ............. - - 225 Unamortized premium on long-term debt ........... - - 226 Unamortized discount on long-term debt-debit .... - - ------- ------- Total Long-Term Debt ..................... - - ------- ------- CURRENT AND ACCRUED LIABILITIES 231 Notes payable ................................... - - 232 Accounts payable ................................ 814 542 233 Notes payable to associate companies (Schedule XIII) .......................................... - - 234 Accounts payable to associate companies (Schedule XIII) ................................ 86 11 236 Taxes accrued ................................... 1,493 2,199 237 Interest accrued ................................ 402 275 238 Dividends declared .............................. - - 241 Tax collections payable ......................... - - 242 Miscellaneous current and accrued liabilities (Schedule XIII) ................................ 1,131 522 ------- ------- Total Current and Accrued Liabilities .... 3,927 3,549 ------- ------- DEFERRED CREDITS 253 Other deferred credits .......................... 148 103 255 Accumulated deferred investment tax credits ..... - - ------- ------- Total Deferred Credits ................... 148 103 ------- ------- 282 ACCUMULATED DEFERRED INCOME TAXES .................. 5,034 4,641 ------- ------- TOTAL LIABILITIES AND PROPRIETARY CAPITAL. 50,661 48,145 ======= ======= - ----------------------------------------------------------------------------------------------
7 PAGE 7 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE IV - INVESTMENTS - -------------------------------------------------------------------------------- INSTRUCTIONS: Complete the following schedule concerning investments. Under Account 124, "Other Investments", state each investment separately, with description, including, the name of issuing company, number of shares or principal amount, etc. Under Account 136, "Temporary Cash Investments," list each investment separately.
- ---------------------------------------------------------------------------------------------------- BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR - --------------------------------------------------------------- ---------- ---------- $000 $000 ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES ............. None None ------ ------ ACCOUNT 124 - OTHER INVESTMENTS Pedricktown Cogeneration Limited Partnership - 50% ownership .................................. 17,771 10,346 Rumford Cogeneration Company - 10.2% ownership ... 6,072 6,401 Binghamton Cogeneration Limited Partnership - 33.3% ownership ................................ 8,059 5,905 Cogeneration Partners of America - 50% ownership 111 None Vineland Cogeneration Limited Partnership - 50% ownership ..................................... 5,573 6,448 ------ ------ Total Other Investments.................... 37,586 29,100 ------ ------ ACCOUNT 136 - TEMPORARY CASH INVESTMENTS Overnight Repos .................................. None 1,367 ------ ------ TOTAL INVESTMENTS................................. 37,586 30,467 ====== ====== - ----------------------------------------------------------------------------------------------------
8 PAGE 8 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES - -------------------------------------------------------------------------------- INSTRUCTIONS: Complete the following schedule listing accounts receivable from each associate company. Where the service company has provided accommodation or convenience payments for associate companies, a separate listing of total payments for each associate company by subaccount should be provided.
- --------------------------------------------------------------------------------------------- BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR - ------------------------------------------------------------ ---------- ----------- $000 $000 ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES Columbia Gas System Money Pool ............................. 8,995 17,986 Columbia Gas System Service Corporation .................... 38 93 ------ -------- TOTAL ........................................... 9,033 18,079 - ---------------------------------------------------------------------------------------------
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS:
TOTAL PAYMENTS ---------- $000 Total Payment .......................................... None - ---------------------------------------------------------------------------------------------
9 PAGE 9 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE VIII MISCELLANEOUS CURRENT AND ACCRUED ASSETS - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000 may be grouped, showing the number of items in each group.
- ------------------------------------------------------------------------------------------------- BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR - -------------------------------------------------------------- ---------- ----------- $000 $000 ACCOUNT 174 - MISCELLANEOUS CURRENT AND ACCRUED ASSETS.. None None -------- -------- TOTAL ......................................... None None - -------------------------------------------------------------------------------------------------
10 PAGE 10 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000 may be grouped by class showing the number of items in each class.
- --------------------------------------------------------------------------------------------- BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR - -------------------------------------------------------------- ---------- ----------- $000 $000 ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS EDP Software Costs (HRIS Development Costs)............. 2 2 Pension Restoration Plan ............................... 36 36 Long Term Prepayment - Distribution Fulfillment Services, Inc. (DFS) ...................................... 570 530 ------ ------ TOTAL ........................................... 608 568 - --------------------------------------------------------------------------------------------
11 PAGE 11 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE X RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide description of each material research, development, or demonstration project which incurred costs by the service corporation during the year.
- --------------------------------------------------------------------------------------- DESCRIPTION AMOUNT - --------------------------------------------------------------------------- ------ $000 ACCOUNT 188 - RESEARCH, DEVELOPMENT, OR DEMONSTRATION EXPENDITURES None TOTAL ........................................................... 0 - ---------------------------------------------------------------------------------------
12 PAGE 12 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE XI - PROPRIETARY CAPITAL
- -------------------------------------------------------------------------------------------------------------------------- OUTSTANDING CLOSE OF PERIOD NUMBER OF SHARES PAR OR STATED VALUE ----------------------------- ACCOUNT NUMBER CLASS OF STOCK AUTHORIZED PER SHARE NO. OF SHARES TOTAL AMOUNT - -------------- ------------------ ---------------- ------------------- ------------- ------------ $000 201 COMMON STOCK ISSUED 1,000,000 $25.00 611,704 $15,293 - --------------------------------------------------------------------------------------------------------------------------
INSTRUCTIONS: Classify amounts in each account with brief explanation, disclosing the general nature of transactions which give rise to the reported amount.
- ------------------------------------------------------------------------------------------------------------- DESCRIPTION AMOUNT - ------------------------------------------------------------------------------------------------ -------- ACCOUNT 211 - MISCELLANEOUS PAID-IN CAPITAL (SEE BELOW) ........................................ 42,802 ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS ................................................... None -------- TOTAL ..................................................................................... 42,802 - ------------------------------------------------------------------------------------------------------------- Paid in Capital: October 1992 Stock Issuance - 7,247 shares at $290.00 per share, $25 par value.......... 1,920 February 1993 Stock Issurance - 8,800 shares at $290.00 per share, $25 par value........ 2,332 March 1993 Stock Issuance - 31,725 shares at $290.00 per share, $25 par value........... 8,408 November 1993 - Debt converted into Equity - SEC Order #35-25927........................ 30,142 ------ Total..................................................................................... 42,802 ====== - -------------------------------------------------------------------------------------------------------------
INSTRUCTIONS: Give particulars concerning net income or (loss) during the year, distinguishing between compensation for the use of capital owed or net loss remaining from servicing nonassociates per the General Instructions of the Uniform System of Accounts. For dividends paid during the year in cash or otherwise, provide rate percentage, amount of dividend, date declared and date paid.
- ------------------------------------------------------------------------------------------------------------------------ BALANCE AT BALANCE AT BEGINNING NET INCOME DIVIDENDS CLOSE DESCRIPTION OF YEAR OR (LOSS) PAID OF YEAR - -------------------------------------------------------------- ---------- ---------- --------- ---------- $000 $000 $000 $000 ACCOUNT 216 - UNAPPROPRIATED RETAINED EARNINGS .............. (18,243) 1,701 - (16,542) ---------- ---------- --------- ---------- TOTAL........................................................ (18,243) 1,701 - (16,542) - ------------------------------------------------------------------------------------------------------------------------
13 PAGE 13 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE XII - LONG-TERM DEBT - -------------------------------------------------------------------------------- INSTRUCTIONS: Advances from associate companies should be reported separately for advances on notes, and advances on open account. Names of associate companies from which advances were received shall be shown under the class and series of obligation column. For Account 224 - Other long-term debt provide the name of creditor company or organization, terms of the obligation, date of maturity, interest rate, and the amount authorized and outstanding.
- ------------------------------------------------------------------------------------------------------------------------ TERMS OF OBLIG DATE BALANCE AT DEDUC- BALANCE AT CLASS & SERIES OF INTEREST AMOUNT BEGINNING ADDI- TIONS CLOSE NAME OF CREDITOR OF OBLIGATION MATURITY RATE AUTHORIZED OF YEAR TIONS (1) OF YEAR - --------------------------------------- -------------- -------- -------- ---------- ---------- ----- ------ ---------- % $000 $000 $000 $000 $000 ACCOUNT 223 - ADVANCES FROM ASSOCIATE COMPANIES: ACCOUNT 224 - OTHER LONG-TERM DEBT: None TOTAL .......................................................... ------- ------ ----- ----- ----- - -----------------------------------------------------------------------------------------------------------------------
14 PAGE 14 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide balance of notes and accounts payable to each associate company. Give description and amount of miscellaneous current and accrued liabilities. Items less than $10,000 may be grouped, showing the number of items in each group.
- ------------------------------------------------------------------------------------------- BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR - ------------------------------------------------------------- ----------- ---------- $000 $000 ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE COMPANIES ......... None None ---------- ---------- TOTAL ........................................... None None - ------------------------------------------------------------------------------------------- ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE COMPANIES Columbia Gas System Service Corporation..................... 11 14 Columbia Gas System, Inc.................................... - 72 ---------- ---------- TOTAL ........................................... 11 86 - ------------------------------------------------------------------------------------------- ACCOUNT 242 - MISCELLANEOUS CURRENT AND ACCRUED LIABILITIES Retirement Income Plan...................................... 109 189 Accrued Vacation............................................ 129 172 Comprehensive Medical Expense Plan Accrual.................. 14 14 Flexible Spending........................................... 2 3 Arthur Andersen............................................. 16 7 Accrued Expenses............................................ 218 692 Thrift Restoration Plan..................................... 34 54 ------- ------- TOTAL ........................................... 522 1,131 - -------------------------------------------------------------------------------------------
15 PAGE 15 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE XIV NOTES TO FINANCIAL STATEMENTS - -------------------------------------------------------------------------------- INSTRUCTIONS: The space below is provided for important notes regarding the financial statements or any account thereof. Furnish particulars As to any significant contingent assets or liabilities existing at The end of the year. Notes relating to financial statements shown elsewhere in this report may be indicated here by reference. - -------------------------------------------------------------------------------- 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Income Taxes The Corporation provides deferred taxes with respect to timing differences in the recognition of revenues and expenses for tax and accounting purposes. The major difference is due to the timing of the Georgetown writeoff for tax purposes versus book. The Corporation is included in the Consolidated Federal Income Tax Return filed for The Columbia Gas System, Inc. b. Pension Costs The Corporation participates in the Retirement Income Plan of The Columbia Gas System, Inc. This is a trusteed noncontributory Retirement Income Plan which, with certain minor exceptions, covers all regular employees. TriStar Ventures Corporation's portion of expense amounted to $80,240 in 1996 and $45,256 in 1995, including the amortization of unfunded prior service costs. c. Account Numbers The Corporation uses certain FERC accounts which do not match existing SEC accounts; therefore, the year-end balances of the following FERC accounts were reclassified to a corresponding SEC account.
Account Number ----------------- Year-End Account Description FERC SEC Balance --------------------------- ---- ---- -------- ($000) Interest Receivable 171 143 5 Deferred Income Taxes 283 282 4,721 Long Term Prepayment - DFS 121 186 530 - -----------------------------------------------------------------------------
16 PAGE 16 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE XV STATEMENT OF INCOME - --------------------------------------------------------------------------------
1996 1995 ------------ ---------- ACCOUNT DESCRIPTION CURRENT YEAR PRIOR YEAR --------------------------------------------- ------------ ---------- $000 $000 INCOME 418 Income from Investments ................. 5,739 5,407 419 Interest on Contingent Taxes ............ 804 523 457 Services rendered to associate companies. - - 458 Services rendered to nonassociate companies .............................. 1,785 1,907 421 Miscellaneous income or loss ............ - - ------------ ---------- Total Income ............................ 8,328 7,837 ------------ ---------- EXPENSE 920 Salaries and wages ...................... 1,846 1,606 921 Office supplies and expenses ............ 1,365* 168 922 Administrative expense transferred - credit ................................. - - 923 Outside services employed ............... 1,416 1,383 924 Property insurance ...................... - - 925 Injuries and damages insurance .......... 21 23 926 Employee pensions and benefits .......... 368 182 930.1 General advertising expenses ............ - - 930.2 Miscellaneous general expenses .......... (99) 2 931 Rents ................................... 350 329 403 Depreciation and amortization expense ... 40 30 408 Taxes other than income taxes ........... 183 92 409 Income Taxes ............................ 951 1,213 410 Provision for deferred income taxes ..... 480 2,057 411 Provision for deferred income taxes - credit ................................. (300) (1,761) 411.5 Investment tax credit ................... - - 426.1 Donations ............................... 3 - 426.5 Other deductions ........................ 3 8 427 Interest on long-term debt .............. - - 430 Interest on debt to associate companies . - - 431 Other interest expense .................. - - ------------ ---------- Total Expense ....................... 6,627 5,332 ------------ ---------- Net Income or (Loss) ................ 1,701 2,505 ------------ ---------- - --------------------------------------------------------------------------------------------------
* Relocation and serverence expenses included in 1996 of $1,276,679 17 PAGE 17 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- ANALYSIS OF INCOME FROM INVESTMENTS NONASSOCIATE COMPANIES ACCOUNT 418
- -------------------------------------------------------------------------------- NAME OF ASSOCIATE COMPANY INCOME - ------------------------------------------- -------- $000 Rumford Cogeneration Ltd Partnership ...... 1,351 Pedricktown Cogeneration Ltd Partnership .. 3,975 Binghamton Cogeneration Ltd Partnership ... (655) Cogeneration Partners of America .......... 193 Vineland Cogeneration Ltd Partnership ..... 875 ------- 5,739 ======= - --------------------------------------------------------------------------------
18 PAGE 18 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- ANALYSIS OF BILLING NONASSOCIATE COMPANIES ACCOUNT 458
- -------------------------------------------------------------------------------------------------------------------------------- DIRECT INDIRECT COMPENSATION COST COST FOR USE TOTAL EXCESS OR AMOUNT NAME OF NONASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL COST DEFICIENCY BILLED - ------------------------------------------------ ------- --------- ------------ ----- ---------- ------ 458-1 458-2 458-3 458-4 ------- --------- ------------ ---------- $000 $000 $000 $000 $000 $000 Pedricktown Cogeneration Limited Partnership.... 509 509 509 Binghamton Cogeneration Limited Partnership .... 474 474 474 Vineland Cogeneration Limited Partnership ...... 492 492 492 Cogeneration Partners of America ............... 8 8 8 Distribution Fulfillment Services .............. 302 302 302 --------------------------------------------------------------------- Total .......................................... 1,785 1,785 1,785 ===================================================================== - --------------------------------------------------------------------------------------------------------------------------------
INSTRUCTION: Provide a brief description of the services rendered to each nonassociate company: Services rendered for each nonassociate company include finance, fuel management, legal, tax, asset management, and risk management. In addition, for the DFS facility located in Columbus, Ohio, TriStar Ventures Corporation operates the power generating plant and services and maintains the HVAC system. - -------------------------------------------------------------------------------- 19 PAGE 19 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE XVI ANALYSIS OF CHARGES FOR SERVICE ASSOCIATE AND NONASSOCIATE COMPANIES
- ----------------------------------------------------------------------------------------------------------------------------------- ASSOCIATE COMPANY NONASSOCIATE COMPANY TOTAL CHARGES FOR CHARGES CHARGES SERVICE ----------------------------- --------------------------- -------------------------- DESCRIPTION OF ITEMS DIRECT INDIRECT DIRECT INDIRECT DIRECT INDIRECT COST COST TOTAL COST COST TOTAL COST COST TOTAL - --------------------------------------- ------ -------- ------- ------ -------- ------ ------ -------- ------ $000 $000 $000 $000 $000 $000 $000 $000 $000 920 SALARIES AND WAGES .............. 921 OFFICE SUPPLIES AND EXPENSES .... 922 ADMINISTRATIVE EXPENSE TRANSFERRED-CR.................. 923 OUTSIDE SERVICES EMPLOYED ....... 924 PROPERTY INSURANCE .............. 925 INJURIES AND DAMAGES ............ 926 EMPLOYEE PENSIONS & BENEFITS .... 928 REGULATORY COMMISSION EXPENSE ... 930.1 GENERAL ADVERTISING EXPENSES .... 930.2 MISCELLANEOUS GENERAL EXPENSES .. 931 RENTS ........................... NOTE: PRIMARILY SALARY AND BENEFITS DETAILED 932 MAINTENANCE OF STRUCTURES AND BREAKDOWN IS NOT AVAILABLE EQUIP. ......................... 403 DEPRECIATION AND AMORTIZATION EXPENSE ........................ 408 TAXES OTHER THAN INCOME TAXES ... 409 INCOME TAXES .................... 410 PROVISION FOR DEFERRED INCOME TAXES .......................... 411 PROVISION FOR DEFERRED INCOME TAXES-CR ....................... 411.5 INVESTMENT TAX CREDIT ........... 426.1 DONATIONS ....................... 426.5 OTHER DEDUCTIONS ................ 427 INTEREST ON LONG-TERM DEBT ...... 431 OTHER INTEREST EXPENSE .......... Reimbursed Exp. for Nonassociates --------------------------------- INSTRUCTION: Total cost of service will equal for associate and nonassoci- ate companies the total amount billed under their separate analysis of billing schedules. - ---------------------------------------- ------ -------- ------- ------ -------- ------ ------ -------- ------ TOTAL EXPENSES ................. 1,785 - 1,785 1,785 1,785 ------ -------- ------- ------ -------- ------ ------ -------- ------ COMPENSATION FOR USE OF EQUITY CAPITAL - - - ------- ------ ------ 430 INTEREST ON DEBT TO ASSOCIATE COMPANIES - - - ------- ------ ------ TOTAL COST OF SERVICE .......... 1,785 1,785 - -----------------------------------------------------------------------------------------------------------------------------------
20 PAGE 20 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE XVII SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT OR SERVICE FUNCTION
- ---------------------------------------------------------------------------------------------------------------------------------- TOTAL Fuel Admin. Project Project TriStar DESCRIPTION OF ITEMS AMOUNT OVERHEAD Accounting Management Dept. Management Development Power Op. - ----------------------------------- ------- -------- ---------- ---------- ------- ---------- ----------- --------- $000 $000 $000 $000 $000 $000 $000 $000 920 SALARIES AND WAGES .......... 1,846 921 OFFICE SUPPLIES AND EXPENSES. 1,365 922 ADMINISTRATIVE EXPENSE TRANSFERRED-CREDIT ........ - 923 OUTSIDE SERVICES EMPLOYED.. 1,416 924 PROPERTY INSURANCE .......... - 925 INJURIES AND DAMAGES ........ 21 926 EMPLOYEE PENSIONS & BENEFITS. 368 928 REGULATORY COMMISSION EXPENSE - 930.1 GENERAL ADVERTISING EXPENSES. - 930.2 MISCELLANEOUS GENERAL EXP.... (99) 931 RENTS ....................... 350 403 DEPRECIATION AND AMORTIZATION 40 DETAIL BREAKDOWN BY DEPARTMENT 408 TAXES OTHER THAN INCOME TAXES 183 IS NOT AVAILABLE 409 INCOME TAXES ................ 951 410 PROVISION FOR DEFERRED INCOME TAXES ...................... 480 411 PROVISION FOR DEFERRED INCOME TAXES-CREDIT ............... (300) 411.5 INVESTMENT TAX CREDIT ....... - 426.1 DONATIONS ................... 6 426.5 OTHER DEDUCTIONS ............ - 427 INTEREST ON LONG-TERM DEBT .. - 430 INTEREST ON DEBT TO ASSOCIATE COMPANIES .................. - 431 OTHER INTEREST EXPENSE ...... - - --------------------------------------- INSTRUCTION: Indicate each depart- ment or service function. (See Instruction 01-3 General Struc- ture of Accounting System: Uniform System Account) - ---------------------------------------------------------------------------------------------------------------------------------- TOTAL EXPENSES .............. 6,627 - ----------------------------------------------------------------------------------------------------------------------------------
21 PAGE 21 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- DEPARTMENTAL ANALYSIS OF SALARIES ACCOUNT 920
- -------------------------------------------------------------------------------------------------- DEPARTMENTAL SALARY EXPENSE -------------------------------------------------- NUMBER INCLUDED IN AMOUNTS BILLED TO PERSONNEL NAME OF DEPARTMENT --------------------------------------- --------- Indicate each department or TOTAL PARENT OTHER NON END OF service function AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR - --------------------------- ------ ------- ---------- ---------- --------- $000 $000 $000 $000 Accounting ................ 6 Administrative ............ 3 Fuel Management ............ 3 Project Management ........ 5 Project Development ....... 3 TriStar Power Operation ... 13 -------------------------------------------------------------------- TOTAL ................ 1,846* 1,288 - 558 33 - ------------------------------------------------------------------------------------------------
* Detailed breakdown is not available for 1996. 22 PAGE 22 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- OUTSIDE SERVICES EMPLOYED ACCOUNT 923 - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If the aggregate amounts paid to any one payee and included within one subaccount is less than $25,000, only the aggregate number and amount of all such payments included within the subaccount need be shown. Provide a subtotal for each type of service.
- ---------------------------------------------------------------------------------------------------------------------------- RELATIONSHIP "A"=ASSOCIATE AMOUNT "NA"=NON -------------- FOR WHOM PURCHASED ADDRESS ASSOCIATE $000 $000 - ---------------------------------- ----------------------------------------------------- ------------- ----- ---- 1-Special Services - Legal - -------------------------- Buchanan Ingersoll One Oxford Centre, 301 Grant Street, 20th Floor, Pittsburgh, PA 15219 .................... NA 1 Van Ness Feldman 1050 Thomas Jefferson St., NW, Washington, DC 20007 . NA 151 LeBoeuf, Lamb, Greene & McRae 125 West 55th Street, New York, NY 10019-5389 ....... NA 390 ------ Total Special Services - Legal ...................... 542 ---- 2-Special Services - Audit - -------------------------- Arthur Andersen & Company 1345 Avenue of the Americas, New York, NY 10105 ........................................... NA 23 ----- Total Special Services - Audit ...................... 23 ---- 3-Special Services - Other - -------------------------- Independent Energy Producers of NJ 120 Albany St., Suite 303, New Brunswick, NJ 08903 .. NA 16 Thermaflow, Inc. 60 Walnut Street, Wellesley, MA 02181 ............... NA 27 Columbia Gas System Service Corp. 1600 Dublin Road, Columbus, OH 43215-1082 ........... A 350 Placers P.O. Box 15621, Wilmington, DE 19850-5621 NA 7 NRI Staffing Resources 1899 L Street, NW, Suite 303, Washington, DC 20036 .. NA 5 Electric Generation Association 1401 H Street, NW, Suite 760, Washington, DC 20005 .. NA 26 Gas Fair Expenditures NA 26 Other Organizations NA 113 ----- Total Special Services - Other ...................... 570 ---- 4-Special Services - Tax - ------------------------ Total Special Services - Tax ........................ - 5-Special Services - Consulting - ------------------------------- Christopher Bruch 210 South Cherry Street, Mt. Pleasant, IA 52641 ..... NA 19 Boston Pacific Company 1225 I Street, NW, Suite 890, Washington, DC 20005 .. NA 146 Roy Shanker 9113 Burning Tree Road, Bethesda, MD 20817 .......... NA 36 Gaseous Fuels Eng & Consulting 2035 Aster Lane, Martinsburg, WV 25401 .............. NA 12 Raber Consulting 5 Bayberry Lane, Randolph, NJ 07869 ................. NA 68 Total Special Services - Consulting ................. 281 ---- Total All Special Services .......................... 1,416 =====
23 PAGE 23 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- EMPLOYEE PENSIONS AND BENEFITS ACCOUNT 926 - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide a listing of each pension plan and benefit program provided by the service company. Such listing should be limited to $25,000.
- ---------------------------------------------------------------------------------- DESCRIPTION AMOUNT - --------------------------------------------------------------------- -------- $000 Medical Expense Plan ............................................... 89 Employee Retirement Expense ........................................ 63 Thrift Plan ........................................................ 62 Pension Restoration Plan ........................................... 20 Other Post-Employment Benefits ..................................... 49 Group Life Insurance ............................................... 6 Dental Assistance Plan ............................................. 8 Long-Term Disability Insurance ..................................... 6 Vacation Accrual ................................................... 111 Miscellaneous ...................................................... (46) -------- TOTAL .......................................................... 368 - ----------------------------------------------------------------------------------
24 PAGE 24 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- GENERAL ADVERTISING EXPENSES ACCOUNT 930.1 - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide a listing of the amount included in Account 930.1, "General Advertising Expenses," classifying the items according to the nature of the advertising and as defined in the account definition. If a particular class includes an amount in excess of $3,000 applicable to a single payee, show separately the name of the payee and the aggregate amount applicable thereto.
- ----------------------------------------------------------------------------------------------------- DESCRIPTION NAME OF PAYEE AMOUNT - ----------------------------------------------- ----------------------------- ------ $000 N O N E --------- TOTAL ....................................................................... - - -----------------------------------------------------------------------------------------------------
25 PAGE 25 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- MISCELLANEOUS GENERAL EXPENSES ACCOUNT 930.2 - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide a listing of the amount included in Account 930.2, "Miscellaneous General Expenses", classifying such expenses according to their nature. Payments and expenses permitted by Section 321(b)(2) of the Federal Election Campaign Act, as amended by Public Law 94-283 in 1976 (2 U.S.C. Section 441[b][2]) shall be separately classified.
- -------------------------------------------------------------------------- DESCRIPTION AMOUNT - ------------------------------------------------------------- ------ $000 Write-Off of Georgetown Accrual ............................. (99) ------ TOTAL .................................................. (99) - -----------------------------------------------------------------------
26 PAGE 26 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- RENTS ACCOUNT 931 - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide a listing of the amount included in Account 931, "Rents", classifying such expenses by major groupings of property, as defined in the account definition of the Uniform System of Accounts.
- ----------------------------------------------------------------------------- TYPE OF PROPERTY AMOUNT - ---------------------------------------------------------- ------ $000 Data Processing .......................................... 72 Office Space ............................................. 247 Communications ........................................... 31 ------ TOTAL ............................................... 350 - --------------------------------------------------------------------------
27 PAGE 27 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- TAXES OTHER THAN INCOME TAXES ACCOUNT 408 - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide an analysis of Account 408, "Taxes Other Than Income Taxes." Separate the analysis into two groups: (1) other than U.S. Government taxes, and (2) U.S. Government taxes. Specify each of the various kinds of taxes and show the amounts thereof. Provide a subtotal for each class of tax.
- ---------------------------------------------------------------------------------------- KIND OF TAX AMOUNT - ------------------------------------------------------------------------- ------ $000 (1) Other than U.S. Government Taxes: Property ................................................... - Unemployment (state)........................................ 3 License or Franchise ....................................... 55 Miscellaneous .............................................. - ------ Total - Other ......................................... 58 (2) U.S. Government Taxes: Federal Insurance Contribution ............................. 124 Unemployment ............................................... 1 ------ Total - Federal ....................................... 125 ------ TOTAL .......................................................... 183 - --------------------------------------------------------------------------------------
28 PAGE 28 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- DONATIONS ACCOUNT 426.1 - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide a listing of the amount included in Account 426.1, "Donations", classifying such expenses by its purpose. The aggregate number and amount of all items of less than $3,000 may be shown in lieu of details.
- ------------------------------------------------------------------------------------ NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT - ------------------------------------------ --------------------- ------ $000 Miscellaneous ............................ Community Welfare ... 3 ------ TOTAL ................................ 3 - ------------------------------------------------------------------------------------
29 PAGE 29 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- OTHER DEDUCTIONS ACCOUNT 426.5 - -------------------------------------------------------------------------------- INSTRUCTIONS: Provide a listing of the amount included in Account 426.5, "Other Deductions", classifying such expenses according to their nature.
- ------------------------------------------------------------------------ DESCRIPTION NAME OF PAYEE AMOUNT - ---------------------------------- ------------------------ ------ $000 Other 3 TOTAL .................................................. 3 - ------------------------------------------------------------------------
30 PAGE 30 ANNUAL REPORT OF TRISTAR VENTURES CORPORATION For the Year Ended December 31, 1996 - -------------------------------------------------------------------------------- SCHEDULE XVIII NOTES TO STATEMENT OF INCOME - -------------------------------------------------------------------------------- INSTRUCTIONS: The space below is provided for important notes regarding the statement of income or any account thereof. Furnish particulars as to any significant increase in services rendered or expenses incurred during the year. Notes relating to financial statements shown elsewhere in this report may be indicated here by reference. - -------------------------------------------------------------------------------- For additional notes, see Page 15, Notes to Financial Statements. - -------------------------------------------------------------------------------- 31 Page 31 TRISTAR VENTURES CORPORATION ================================================================================ ----------------- President & CEO Gluckman ----------------- ---------------- Administrative Assistant (2) ---------------- ------------ ----------- ------------ ------------ ------------ Vice Vice Vice Vice ------------------------ President President President Manager President Treasurer / Controller Business Business Project Business Energy Detar Development Development Development Development Management ------------------------ Cranston Zulandi Alexander Andreoli ------------ ----------- ----------- ------------ ------------ --------------- ------------ ------------- ---------- --------- ------------ Financial Fuel Fuel Manager Contracts Analyst Management Management Budgets & Manager Administrator (2) Specialist II Specialist Planning Accounting --------------- ------------ ------------- ---------- --------- ------------ ------------ -------------- ------------------ ------------- Senior Senior Manager Fuel Accountant Accountant / Power Division Administrator (2) Tax Compliance ------------------ ------------- ------------ -------------- ------------------ ----------- Operating Staff Columbus, OH Clerk (12) ------------------ ----------- (2) Two Positions at that level (12) Twelve Positions at that level
32 PAGE 32 SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935 and the rules and regulations of the Securities and Exchange Commission issued thereunder, the undersigned company has duly caused this report to be signed on its behalf by the undersigned officer thereunto duly authorized. TRISTAR VENTURES CORPORATION By: /s/ D. P. Detar ------------------------------ Dennis P. Detar Treasurer and Controller Date: April 28, 1997 - -------------------------------------------------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----