-----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, HRzai8eZpob9ZRQfAOSY3SLJJuqcqwR4YfITLFq5pP5Waff8IVXC5dxFUdZTZEVA ej5rn8McULxTnpW7iy2ZCg== 0000774197-97-000012.txt : 19970227 0000774197-97-000012.hdr.sgml : 19970227 ACCESSION NUMBER: 0000774197-97-000012 CONFORMED SUBMISSION TYPE: U-13-60 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970226 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTERIOR ENERGY CORP CENTRAL INDEX KEY: 0000774197 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 341479083 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-13-60 SEC ACT: 1935 Act SEC FILE NUMBER: 049-00065 FILM NUMBER: 97543532 BUSINESS ADDRESS: STREET 1: 6200 OAK TREE BLVD CITY: INDEPENDENCE STATE: OH ZIP: 44131 BUSINESS PHONE: 2164473100 MAIL ADDRESS: STREET 1: PO BOX 94661 CITY: CLEVELAND STATE: OH ZIP: 44101-4661 FORMER COMPANY: FORMER CONFORMED NAME: NORTH HOLDING CO /OH/ DATE OF NAME CHANGE: 19851002 U-13-60 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 CENTERIOR SERVICE COMPANY (Exact Name of Reporting Company) A Subsidiary Service Company ("Mutual" or "Subsidiary") Date of Incorporation April 9, 1986 If not Incorporated, Date of Organization State or Sovereign Power under which Incorporated or Organized State of Ohio Location of Principal Executive 6200 Oaktree Blvd. Offices of Reporting Company Independence, OH 44131 Name, title, and address of officer to whom correspondence concerning this report should be addressed: 6200 Oak Tree Blvd. E.L. Pepin Controller Independence, OH 44131 (Name) (Title) (Address) Name of Principal Holding Company Whose Subsidiaries are served by Reporting Company: THE CENTERIOR ENERGY CORPORATION 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 of 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 (S210.3-01(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, S210.3-01(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. LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS Schedule or Account Page Description of Schedules Number Number and Accounts COMPARATIVE BALANCE SHEET Schedule I 6,7 SERVICE COMPANY PROPERTY Schedule II 8,9 ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY Schedule III 10 INVESTMENTS Schedule IV 11 ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES Schedule V 12 FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 13 STORES EXPENSE UNDISTRIBUTED Schedule VII 14 MISCELLANEOUS CURRENT AND ACCRUED ASSETS Schedule VIII 15 MISCELLANEOUS DEFERRED DEBITS Schedule IX 16 RESEARCH, DEVELOPMENT, OR DEMONSTRATION EXPENDITURES Schedule X 17 PROPRIETARY CAPITAL Schedule XI 18 LONG-TERM DEBT Schedule XII 19 CURRENT AND ACCRUED LIABILITIES Schedule XIII 20 NOTES TO FINANCIAL STATEMENTS Schedule XIV 21 COMPARATIVE INCOME STATEMENT Schedule XV 22 ANALYSIS OF BILLING - ASSOCIATE COMPANIES Account 457 23 ANALYSIS OF BILLING - NONASSOCIATE COMPANIES Account 458 24 ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE AND NONASSOCIATE COMPANIES Schedule XVI 25,26,27 SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION Schedule XVII 28,29 DEPARTMENTAL ANALYSIS OF SALARIES Account 920 30 OUTSIDE SERVICES EMPLOYED Account 923 31,32, 33,34,35 EMPLOYEE PENSIONS AND BENEFITS Account 926 36 GENERAL ADVERTISING EXPENSES Account 930.1 37 MISCELLANEOUS GENERAL EXPENSES Account 930.2 38 RENTS Account 931 39 TAXES OTHER THAN INCOME TAXES Account 408 40 DONATIONS Account 426.1 41 OTHER DEDUCTIONS Account 426.5 42 NOTES TO STATEMENT OF INCOME Schedule XVIII 43 LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Description of Reports or Statements Page ORGANIZATION CHART 44 METHODS OF ALLOCATION 45 ANNUAL STATEMENT OF COMPENSATION FOR USE N/A OF CAPITAL BILLED NOTE: Dollar figures in this report are shown in thousands unless otherwise noted. ANNUAL REPORT OF CENTERIOR SERVICE COOMPANY - 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 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) - 122 Total Investments - 122 CURRENT AND ACCRUED ASSETS 128 Other Special Funds 178 579 131 Cash 168 129 134 Special deposits - - 135 Working funds - - 136 Temporary cash investments (Schedule IV) 100 100 141 Notes receivable (20) (343) 143 Accounts receivable 281 230 144 Accumulated provision for uncollectible accounts - - 146 Accounts receivable from associate companies (Schedule V) 67,517 64,520 152 Fuel stock expenses undistributed (Schedule VI) - - 154 Materials and supplies - - 163 Stores expense undistributed (Schedule VII) - - 165 Prepayments 1,031 1,374 171 Interest Receivable - - 174 Miscellaneous current and accrued assets (Schedule VIII) - - Total Current and Accrued Assets 69,255 66,589 DEFERRED DEBITS 181 Unamortized debt expense - - 182 Regulatory Assets (240) (240) 184 Clearing accounts - - 186 Miscellaneous deferred debits (Schedule IX) 2,628 1,957 188 Research, development, or demonstration expenditures (Schedule X) - - 190 Accumulated deferred income taxes 1,972 2,717 Total Deferred Debits 4,360 4,434 TOTAL ASSETS AND OTHER DEBITS $73,615 $71,145 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY - 1996 SCHEDULE I - COMPARATIVE BALANCE SHEET ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL As of December 31 CURRENT PRIOR PROPRIETARY CAPITAL 201 Common stock issued (Schedule XI) $ 1 $ 1 211 Miscellaneous paid-in-capital (Schedule XI) - - 215 Appropriated retained earnings (Schedule XI) - - 216 Unappropriated retained earnings (Schedule XI) - - Total Proprietary Capital 1 1 LONG-TERM DEBT 223 Advances from associate companies (Schedule XII) 24,235 22,132 224 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 24,235 22,132 OTHER NON-CURRENT LIABILITIES 228.3 Accumulated provision for pensions & benefits 23,066 19,146 228.4 Partnership funds 989 - Total Other Non-Current Liabilities 24,055 19,146 CURRENT AND ACCRUED LIABILITIES 231 Notes payable - - 232 Accounts payable 9,056 7,466 233 Notes payable to associate companies (Schedule XIII) - -- 234 Accounts payable to associate companies Schedule XIII) (1,512) (242) 236 Taxes accrued (381) 440 237 Interest accrued (9) 192 238 Dividends declared - - 241 Tax collections payable 767 529 242 Miscellaneous current and accrued liabilities (Schedule XIII) 9,404 12,075 Total Current and Accrued Liabilities 17,325 20,460 DEFERRED CREDITS 253 Other deferred credits 3,501 5,383 255 Accumulated deferred investment tax credits - - Total Deferred Credits 3,501 5,383 282 ACCUMULATED DEFERRED INCOME TAXES - - 283 Accumulated Deferred Income Taxes - Other 4,498 4,023 TOTAL LIABILITIES AND PROPRIETARY CAPITAL $73,615 $71,145 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE II - SERVICE COMPANY PROPERTY Retirements Beginning or Other Close of Description of Year Additions Sales Changes 1/ Year SERVICE COMPANY PROPERTY Account 301 ORGANIZATION $ $ $ $ $ 303 MISCELLANEOUS INTANGIBLE PLANT LAND AND LAND RIGHTS 305 STRUCTURES AND IMPROVEMENTS 306 LEASEHOLD IMPROVEMENTS 307 EQUIPMENT 2/ __ 308 OFFICE FURNITURE AND EQUIPMENT 309 AUTOMOBILES, OTHER VEHICLES AND RELATED GARAGE EQUIPMENT 310 AIRCRAFT AND AIRPORT EQUIPMENT 311 OTHER SERVICE COMPANY PROPERTY 3/ _ _ SUB-TOTAL - - - - - 107 CONSTRUCTION WORK IN PROGRESS 4/__ TOTAL $ - $ - $ - $ - $ - 1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL: SCHEDULE II - CONTINUED 2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE - COMPANY SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING THE YEAR AND THE BALANCE AT THE CLOSE OF THE YEAR: Balance at Close of Subaccount Description Additions Year NONE 3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY: 4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS: ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE III - ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY Additions Charged Other Beginning to Changes Close of Description of Year Account 403 Retirements (Deduct)1/ Year Account 301 ORGANIZATION 303 MISCELLANEOUS INTANGIBLE PLANT 304 LAND AND LAND RIGHTS 305 STRUCTURES AND IMPROVEMENTS 306 LEASEHOLD IMPROVEMENTS 307 EQUIPMENT 308 OFFICE FURNITURE AND FIXTURES 309 AUTOMOBILES, OTHER VEHICLES AND RELATED GARAGE EQUIPMENT 310 AIRCRAFT AND AIRPORT EQUIPMENT 311 OTHER SERVICE COMPANY PROPERTY $ - $ - $ - $ $ - 1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL: ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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 of Description of Year Year ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES $ - $ - ACCOUNT 124 - OTHER INVESTMENTS : Purchase of emission allowance 122 - Account 136 - TEMPORARY CASH INVESTMENTS 100 100 TOTAL $222 $100 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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 of Description of Year Year ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES: THE CLEVELAND ELECTRIC ILLUMINATING CO. $44,654 $48,615 THE TOLEDO EDISON COMPANY 19,802 18,733 CENTERIOR ENERGY CORPORATION 2 12 CENTERIOR PROPERTIES COMPANY 33 - CCO COMPANY 29 157 TOTAL $64,520 $67,517 ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: Total Payments - TOTAL PAYMENTS $ - ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to fuel stock expenses during the year and indicate amount attributable to each associate company. Under the section headed "Summary" listed below give an overall report of the fuel functions performed by the service company. Labor Expenses Total ACCOUNT 152 - FUEL STOCK EXPENSES UNDISTRIBUTED NONE TOTAL -- -- -- SUMMARY: ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to stores expense during the year and indicate amount attributable to each associate company. Description Labor Expenses Total ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED $ $ $ NONE TOTAL $ - $ - $ - ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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 of Description of Year Year ACCOUNT 174 - MISCELLANEOUS CURRENT AND ACCRUED ASSETS NONE TOTAL - - ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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 of Description of Year Year ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS Deferred Dental Benefit Cost $ 194 $ 201 Deferred Office Equipment 1,208 1,220 Other 555 1,207 TOTAL $1,957 $2,628 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE X - RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES INSTRUCTIONS: Provide a description of each material research, development, or demonstration project which incurred costs by the service corporation during the year. Description Amount ACCOUNT 188 - RESEARCH, DEVELOPMENT, OR DEMONSTRATION NONE TOTAL $ - ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE XI - PROPRIETARY CAPITAL Par Or Outstanding Close Account Number Of Stated Of Period Number Class Of Stock Shares Value No. Of Total 201 COMMON STOCK ISSUED 750 $- 750 $1 INSTRUCTIONS: Classify amounts in each account with brief explanation, disclosing the general nature of transactions which gave rise to the reported amounts. Description ACCOUNT 211 - MISCELLANEOUS PAID IN CAPITAL ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS TOTAL $ - 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 Net Income Balance Beginning Or Dividends Close Of Description of Year (Loss) Paid Year ACCOUNT 216 - UNAPPROPRIATED RETAINED EARNINGS NONE TOTAL $ - $ - $ - $ - ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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 Balance At Balance At Class & Series Of Interest Amount Beginning At Close Name Of Creditor Of Obligation Maturity Rate Authorized Of Year Additions Deductions Of Year ACCOUNT 223 - ADVANCES FROM ASSOCIATE COMPANIES: Advance on Open $22,132 $341,438 $339,335 $24,235 Account Centerior Energy Corp. ACCOUNT 224 - OTHER LONG-TERM DEBT - - - - TOTAL $22,132 $341,438 $339,335 $24,235 1/GIVE AN EXPLANATION OF DEDUCTIONS: Payments Per Agreements
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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 of Description of Year Year ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE COMPANIES NONE TOTAL - - ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE COMPANIES The Cleveland Electric Illuminating Co. $(204) $ 600 The Toledo Edison Co. (124) (2,188) Centerior Energy Corporation 86 76 TOTAL $(242) $(1,512) ACCOUNT 242 - MISCELLANEOUS CURRENT AND ACCRUED LIABILITIES ACCRUALS - Deferred Compensation - Exec. Officers $ 141 $ 130 - Net Payroll Payable 1,927 1,941 - Bond Purchase Plan (164) 7 - Stock Purchase Plan 120 53 - Employee Savings Plan- Before Tax 293 118 - Court Bankruptcy 15 - - CSC - United Way 41 14 - CSC - Child Support 17 16 - Accrued Vacation 4,296 4,290 - Flexible Spending Acct. - Health Care 73 - - Flexible Spending Acct. - Dependent Care 41 - - GULP - Executive Insurance 132 132 - Miscellaneous - Other 6 8 - Unclaimed Funds (78) - - Employee Savings Plan - After Tax 44 24 - SFAS 112 Workers Comp Liability 537 150 - SFAS 112 Long-Term Disability 1,164 804 - SFAS 112 Short-Term Disability 1,585 1,661 - TECO FCU 60 56 - Corporate Incentive Compensation Payout 1,825 - TOTAL $12,075 $9,404 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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. SIGNIFICANT ACCOUNTING POLICIES: General - Centerior Service Company (Service Company) was incorporated in 1986 and is a wholly owned subsidiary of Centerior Energy Corporation (Centerior Energy). The Service Company provides management, financial, administrative, engineering, legal and other services to Centerior Energy and Centerior Energy's five wholly owned subsidiaries, including two electric utilities, The Cleveland Electric Illuminating Company (Cleveland Electric) and The Toledo Edison Company (Toledo Edison). The Service Company follows the Uniform System of Accounts for Mutual Service Companies as prescribed by the Securities and Exchange Commission under the Public Utility Holding Company Act of 1935. Income And Expense - The Service Company provides its services at cost. These costs are determined on a direct charge basis to the extent possible and on a reasonable basis of proration for indirect costs. Monthly Billings - As soon as practical after the close of each month, each company receiving services from the Service Company is billed for services, overheads and expenses for such month. Such bills are paid within five business days after receipt of the bill. The charges for services include no compensation for the use of equity capital, all of which is furnished to the Service Company by it's parent, Centerior Energy. 2. SHORT-TERM BORROWING ARRANGEMENTS: As of December 31, 1996, the Service Company had no bank lines of credit. The Service Company may borrow up to $25,000,000 under a $125,000,000 revolving credit facility of Centerior Energy. ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE XV - STATEMENT OF INCOME Account Description Current Year Prior Year INCOME 457 Services rendered to associate companies $208,612 $208,076 458 Services rendered to nonassociate companies - - 415 Jobbing - - 421 Miscellaneous income or loss - - Total Income 208,612 208,076 EXPENSE 920 Salaries and wages 94,745 69,817 921 Office supplies and expenses 77,152 105,818 922 Administrative expense transferred- credit - - 923 Outside services employed 20,748 7,615 924 Property insurance - - 925 Injuries and damages (14) 321 926 Employee pensions and benefits 181 7,640 928 Regulatory commission expense - - 930.1 General advertising expenses - - 930.2 Miscellaneous general expenses 4,324 4,952 931 Rents 3,960 2,588 932 Maintenance of structures and equipment - - 403 Depreciation and amortization expense - - 408 Taxes other than income taxes 6,788 9,120 409 Income taxes (679) (453) 410 Provision for deferred income taxes 3,303 1,758 411 Provision for deferred income taxes - credit (2,082) (1,306) 411.5 Investment tax credit - - 417 Non-utility business venture expense 186 - 426.1 Donations - - 426.5 Other deductions - - 427 Interest on long-term debt - - 430 Interest on debt to associate companies - - 431 Other interest expense - 206 Total Expense 208,612 208,076 Net Income or (Loss) $ - $ - ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 ANALYSIS OF BILLING ASSOCIATE COMPANIES - ACCOUNT 457 Direct Indirect Compensation Total Costs Costs For Use Amount Name Of Associate Charged Charged Of Capital Billed Company 457-1 457-2 457-3 Cleveland Electric Illuminating Company $131,361 $17,227 $ - $148,588 Toledo Edison Company 50,277 9,499 59,776 Centerior Energy Corporation - 248 - 248 TOTAL $181,638 $26,974 $ - $208,612 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 ANALYSIS OF BILLING NONASSOCIATE COMPANIES - ACCOUNT 458 INSTRUCTION: Provide a brief description of the services rendered to each nonassociate company: Compen- sation Excess Name Of Nonassociate Direct Indirect For Use Or Company Costs Costs Of Total Defici- Total Charged Charged Capital Cost ency Amount 458-1 458-2 458-3 458-4 Billed TOTAL $ - $ - $ - $ - $ - $ - ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE XVI - ANALYSIS OF CHARGES FOR SERVICE AND ASSOCIATE AND NONASSOCIATE COMPANIES INSTRUCTION: Total cost of service will equal for associate and nonassociate companies the total amount billed under their separate analysis of billing schedules.
ASSOCIATE COMPANY NONASSOCIATE CHARGES CO. CHARGES DIRECT INDIRECT DIRECT INDIRECT COST COST TOTAL COST COST TOTAL 920 SALARIES AND WAGES $82,138 $12,607 $94,745 $ - $ - $ - 921 OFFICE SUPPLIES AND 67,227 9,925 77,152 - - - EXPENSES 922 ADMINISTRATIVE EXPENSE - CREDIT - - - - - - 923 OUTSIDE SERVICES EMPLOYED 20,135 613 20,748 - - - 924 PROPERTY INSURANCE - - - - - - 925 INJURIES AND DAMAGES (10) (4) (14) - - - 926 EMPLOYEE PENSIONS AND BENEFITS 78 103 181 - - - 928 REGULATORY COMMISSION - - - - - - EXPENSE 930.1 GENERAL ADVERTISING - - - - - - EXPENSE 930.2 MISCELLANEOUS GENERAL 3,378 946 4,324 - - - EXPENSES 931 RENTS 3,960 - 3,960 - - - 932 MAINTENANCE OF STRUCTURES AND - - - - - - EQUIPMENTS 403 DEPRECIATION AND AMORTIZATION - - - - - - 408 TAXES OTHER THAN INCOME TAXES 4,004 2,784 6,788 - - - 409 INCOME TAXES (679) - (679) - - - 410 PROVISION FOR DEFERRED INCOME TAXES 3,303 - 3,303 - - - 411 PROVISION FOR DEFERRED INCOME - CREDIT (2,082) - (2,082) - - - 411.5 INVESTMENT TAX CREDIT - - - - - - 417 NON-UTILITY BUSINESS VENTURE EXPENSE. 186 - 186 - - - 426.1 DONATIONS - - - - - - 426.5 OTHER DEDUCTIONS - - - - - - 427 INTEREST ON LONG-TERM DEBT - - - - - - 431 OTHER INTEREST EXPENSE -- -- - - - - TOTAL EXPENSES = 181,638 26,974 208,612 - - - COMPENSATION FOR USE OF EQUITY CAPITAL = 430 INT ON DEBT TO ASSOC. COMPANIES = TOTAL COST OF SERVICE = $181,638 $26,974 $208,612 $ - $ - $ -
TOTAL CHARGES FOR SERVICE DIRECT INDIRECT COST COST TOTAL 920 SALARIES AND WAGES $ 82,138 $12,607 $ 94,745 921 OFFICE SUPPLIES AND EXPENSES 67,227 9,925 77,152 922 ADMINISTRATIVE EXPENSE TRANSFERRED -CREDIT - - - 923 OUTSIDE SERVICES EMPLOYED 20,135 613 20,748 924 PROPERTY INSURANCE - - - 925 INJURIES AND DAMAGES (10) (4) (14) 926 EMPLOYEE PENSIONS AND BENEFITS 78 103 181 928 REGULATORY COMMISION EXPENSE - - - 930.1 GENERAL ADVERTISING EXPENSE - - - 930.2 MISCELLANEOUS GENERAL EXPENSES 3,378 946 4,324 931 RENTS 3,960 - 3,960 932 MAINTENANCE OF STRUCTURES AND EQUIPMENTS - - - 403 DEPRECIATION AND AMORTIZATION - - - 408 TAXES OTHER THAN INCOME TAXES 4,004 2,784 6,788 409 INCOME TAXES (679) - (679) 410 PROVISION FOR DEFERRED INCOME TAXES 3,303 - 3,303 411 PROVISION FOR DEFERRED INCOME TAXES - CREDIT (2,082) - (2,082) 411.5 INVESTMENT TAX CREDIT - - - 417 NON-UTILITY BUSINESS VENTURE EXPENSE 186 - 186 426.1 DONATIONS - - - 426.5 OTHER DEDUCTIONS - - - 427 INTEREST ON LONG-TERM DEBT - - - 431 OTHER INTEREST EXPENSE - - - TOTAL EXPENSES = 181,638 26,974 208,612 COMPENSATION FOR USE OF EQUITY CAPITAL = 430 INT ON DEBT TO ASSOC. COMPANIES = - - - TOTAL COST OF SERVICE = $181,638 $26,974 $208,612 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE XVII - SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT OR SERVICE FUNCTION Instructions: Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System: Uniform System of Accounts.
DEPARTMENT OR SERVICE FUNCTION TOTAL Exec Corporate Strategic Human AMOUNT OVERHEAD Staff Controllers Treasury Relations Auditing Planning Resources Rates 920 SALARIES AND WAGES $ 94,745 - $ 1,885 $ 6,103 $ 2,333 $ 210 $ 1,238 $ 1,029 $ 9,702 $ 1,417 921 OFFICE SUPPLIES AND EXPENSES 77,152 - 773 (1,295) 2,073 2,882 123 792 19,707 345 922 ADMINISTRATIVE EXPENSE - - - - - - - - - - TRANSFERRED -CREDIT 923 OUTSIDE SERVICES EMPLOYED 20,748 - 231 72 286 725 529 23 (1,179) 378 924 PROPERTY INSURANCE - - - - - - - - - - 925 INJURIES AND DAMAGES (14) - - - 370 - - - - - 926 EMPLOYEE PENSIONS AND 181 - - - - - - - 181 - BENEFITS 928 REGULATORY COMMISSION - - - - - - - - - - EXPENSE 930.1 GENERAL ADVERTISING - - - - - - - - - - EXPENSE 930.2 MISCELLANEOUS- GENERAL 4,324 - - - (34) 364 - - (10) - EXPENSES 931 RENTS 3,960 - - - - - - - - - 932 MAINTENANCE OF STRUCTURES - - - - - - - - - - AND EQUIPMENTS 403 DEPRECIATION AND AMORTIZATION - - - - - - - - - - 408 TAXES OTHER THAN INCOME TAXES 6,788 - - 6,788 - - - - - - 409 INCOME TAXES (679) - - (679) - - - - - - 410 PROVISION FOR DEFERRED 3,303 - - 3,303 - - - - - - INCOME TAXES 411 PROVISION FOR DEFERRED (2,082) - - (2,082) - - - - - - INCOME TAXES - CREDIT 411.5 INVESTMENT TAX CREDIT - - - - - - - - - - 417 NON-UTILITY BUSINES VENTURE EXPENSE 186 - - - - - - 1 - - 426.1 DONATIONS - - - - - - - - - - 426.5 OTHER DEDUCTIONS - - - - - - - - - - 427 INTEREST ON LONG-TERM DEBT - - - - - - - - - - 431 OTHER INTEREST EXPENSE - - - - - - - - - TOTAL EXPENSES = $208,612 $ - $ 2,889 $12,210 $ 5,028 $ 4,181 $ 1,890 $ 1,845 $28,401 $ 2,140
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 SCHEDULE XVII - SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT OR SERVICE FUNCTION
Legal & Corprate Fossil & Operations Environ- ACCOUNT Info Pro- Gov't Communi- Operations System Corporate Customer Customer mental & NUMBER Systems curement Affairs cations Services Nuclear Planning Mkt Engineer Services Support Safety 920 $10,830 $ 2,548 $ 2,717 $ 1,409 $16,276 $ 240 $ 8,928 $14,098 $ 6,311 $ 4,544 $ 1,299 $ 1,628 921 8,708 1,713 (1,376) 857 3,854 54 1,799 20,228 2,333 12,584 491 507 922 - - - - - - - - - - - - 923 2,549 591 6,685 166 5,765 78 58 1,233 1,164 1,278 - 116 924 - - - - - - - - - - - - 925 - - - - - - - - - (384) - - 926 - - - - - - - - - - - - 928 - - - - - - - - - - - - 930.1 - - - - - - - - - - - - 930.2 - - 4,004 - - - - - - - - - 931 - - - - - - - - - 3,960 - - 932 - - - - - - - - - - - - 403 - - - - - - - - - - - - 408 - - - - - - - - - - - - 409 - - - - - - - - - - - - 410 - - - - - - - - - - - - 411.5 - - - - - - - - - - - - 417 - - - - 185 - - - - - - - 421 - - - - - - - - - - - - 426.1 - - - - - - - - - - - - 426.5 - - - - - - - - - - - - 427 - - - - - - - - - - - - 430 - - - - - - - - - - - - 431 - - - - - - - - - - - - TOTAL $22,087 $4,852 $12,030 $2,432 $26,080 $372 $10,785 $35,559 $9,808 $21,982 $1,790 $2,251
ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 DEPARTMENTAL ANALYSIS OF SALARIES - ACCOUNT 920 DEPARTMENTAL SALARY EXPENSE NUMBER OF NAME OF DEPARTMENT INCLUDED IN AMOUNTS BILLED TO PERSONNEL Indicate each TOTAL PARENT OTHER NON END OF department AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR or service function. Executive Staff $ 1,885 $ - $ 1,885 $ - 11 Controllers 6,103 - 6,103 - 112 Treasury 2,333 - 2,333 - 15 Corporate Relations 210 - 210 - 20 Auditing 1,238 - 1,238 - 17 Strategic Planning 1,029 - 1,029 - 14 Human Resources 9,702 - 9,702 - 73 Procurement 2,548 - 2,548 - 38 Information Systems 10,830 - 10,830 - 154 Legal & Governmental Affairs 2,717 - 2,717 - 51 Corporate Communi- cations 1,409 - 1,409 - 20 Fossil Operations & Services 16,276 - 16,276 - 260 Nuclear 240 - 240 - 1 System Planning 8,928 - 8,928 - 135 Marketing 14,098 - 14,098 - 146 T&D Operations & Engineering 6,311 - 6,311 - 68 Corporate Services 4,544 - 4,544 - 74 Customer Support 1,299 - 1,299 - 21 Environmental & Safety 1,628 - 1,628 - 16 Rates 1,417 - 1,417 - 21 TOTAL $94,745 $ - $94,745 $ 0 1,267 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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. "A"=ASSOCIATE "NA"- NON FROM WHOM PURCHASED ADDRESS ASSOCIATE AMOUNT Management Consulting Fees & Expenses Arter & Hadden Washington, DC 20006 NA $ 81 Bill Usery Associates Washington, DC 20006 NA 503 CAPI West Chester, OH 45071 NA 31 CSC Index Charlotte, NC 28920 NA 1,925 Casazza, Shultz and Associates Arlington, VA 22209 NA 122 Coopers & Lybrand LLP Chicago, IL 60673 NA 81 Dames & Moore Los Angeles, CA 90070 NA 387 Delta Research Company Chicago, IL 60610 NA 218 Dix & Eaton, Inc. Cleveland, OH 44190 NA 157 ECAR General Account Canton, OH 44702 NA 28 Ernst & Young Cleveland, OH 44115 NA 339 Independent Consulting North Olmsted, OH 44070 NA 26 Jastech Inc. Cleveland, OH 44190-1547 NA 325 Johnson & Higgins Chicago, IL 60673-0998 NA 90 Price Waterhouse Pittsburgh, PA 15264-1252 NA 435 PSP Human Resource Development Pittsburgh, PA 15219 NA 32 Quadres Corporation Cleveland, OH 44131 NA 450 Ruvolo & Associates Toledo, OH 43604-1220 NA 25 Saunders, Donald H. Toledo, OH 43652 NA 98 Shelton, Donald C Toledo, OH 43652 NA 37 Tim D. Martin & Associates Herndon, VA 20170 NA 115 UMS Group Inc. Parsippany, NJ 07054 NA 99 Other Payees (25) NA 151 5,755 Auditors Fees & Expenses Arthur Andersen & Co. Cleveland, OH 44114 NA 1,001 1,001 Legal Fees & Expenses Baker & Hostetler Cleveland, OH 44190 NA 50 Brown & Wood New York, NY 10048 NA 52 Calfee, Halter & Griswold Cleveland, OH 44114-2688 NA 559 Fuller & Henry Toledo, OH 43603-2088 NA 234 Jones, Day Reavis & Pogue Cleveland, OH 44190 NA 97 McHugh & McCarthy Sylvania, OH 43560 NA 97 McLaren, Richard W. Moreland Hills, OH 44022 NA 212 Reid & Priest New York, NY 10009-4097 NA 123 Shaw, Pittman, Potts & Trowbridge Washington, DC 20037-1128 NA 235 Sidley & Austin Chicago, IL 60603 NA 81 Slover & Loftus Washington, DC 20036 NA 165 Squire, Sanders, & Dempsey Cleveland, OH 44114-1304 NA 2,598 Swidler & Berlin Washington, DC 20007 NA 73 Wilkes, Artis & Hedrick Washington DC 20006-2897 NA 34 Other Payees (43) NA 125 4,735 Engineering Services Babcock & Wilcox Company Pittsburgh, PA 15251 NA 80 CDI Corporation Chicago, Il 60693 NA 112 Dames & Moore Los Angeles, CA 90070 NA 51 Erin Enginering & Research Walnut Creek, CA 94596 NA 139 Fischer Resources Inc. Mayfield Hts, OH 44124 NA 48 Gillett Lehman Associates Town & Country, MS 63017 NA 25 Sargent & Lundy Chicago, IL 60603-5780 NA 54 Other Payees (10) NA 38 547 Programming Services IBM Corporation Chicago, IL 60603 NA 105 Network Compatability Group Delaware, OH 43015 NA 234 Pacific Dataware Inc. Lake Oswego, OR 97035 NA 42 Software Answers Inc. Macedonia, OH 44056 NA 71 Tech Resource Group Midwest Cincinnati, OH 45242 NA 32 Other Payees (8) NA 60 544 Other Services Barr Devlin Associates New York, NY 10022 NA 1,560 Barbour Research, Inc. Toledo, OH 43614 NA 155 Buckeye State Locating Service Westlake, OH 44145 NA 140 Business Research Service Cleveland, OH 44122 NA 33 Central Locating Service Syracuse, NY 13206 NA 26 Cleveland Electric Illuminating Co Cleveland, OH 44101 A 1,115 Co-Development International Los Gatos, CA 95030 NA 379 Comys Technical Services Charlotte, NC 28260 NA 114 Connecticut General Life Hartford, CT 06152 NA 127 Control Solutions Inc. Brookpark, OH 44142 NA 46 CPM Scheduling Services Concord, Oh 44060 NA 175 Cutler/Williams Charlotte, NC 28260 NA 30 Dorsey and Company Cleveland, OH 44115 NA 93 Energy Services Group Toledo, OH 43614 NA 43 EPRI Chicago, IL 60693 NA 54 EVTC Independece, OH 44131 NA 50 FTI Corporation Baltimore, MD 21263 NA 84 Gateway Commerce Center Wampum, Pa 16157 NA 55 Geschke Kasper & Associates Independence, OH 44131 NA 27 Glazer Research Associates Cleveland, OH 44022 NA 30 Hamilton & Associates Columbus, OH 43215 NA 44 Health Care Solutions Toledo, OH 45271 NA 40 McHale USConnect Akron, OH 44309 NA 699 Medical College of Ohio Toledo, OH 43609 NA 55 National Decision Systems San Deigo, CA 92191 NA 133 New Harbor Incorporated New York, NY 10022 NA 211 New Media Incorporated Cleveland, OH 44194 NA 42 Ohio Edison Akron, OH 44308 NA 447 Penn Mutual Insurance Cleveland, OH 44115 NA 98 Pioneer-Standard Electronics Pittsburgh, PA 15250 NA 322 Potomac Communications Group Washington, DC 20006 NA 30 RGP/Associates Parkersburg, WV 26104 NA 37 Root Learning Inc. Perrysburg, OH 43552 NA 60 Ryder Integrated Logistics Pittsburgh, PA 15251 NA 34 S&P Solutions Cleveland, OH 44192 NA 85 SRC Systems Inc. Bala Cynwyd, PA 19004 NA 460 St. Charles Hospital Oregon, OH 43616 NA 26 St. Vincent Medical Center Toledo, OH 43652 NA 39 Sharon Mutter Field Source Carmel, IN 46032 NA 35 Strategic Consumer Research Cleveland, OH 44132 NA 33 Strategic Global Policy Columbus, OH 43215 NA 150 Sybase Cleveland, OH 44115 NA 71 TAD Technical Services Co. Charlotte, NC 28260 NA 189 Toledo Edison Company Toledo, OH 43652 A (1,567) Walker Information Indianapolis, IN 46266 NA 103 Other Payees(487) NA 1,954 (8,166) Total Outside Services $20,748 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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. D E S C R I P T I O N AMOUNT Blue Cross/Blue Shield $1,039 Group Life Insurance 220 HMO-Health Ohio 74 AETNA 56 Kaiser Permanente 72 Dental Insurance 137 Prescription Drug Program 127 Executives - Misc Supplemental Benefits 47 Educational Assistance Program 86 SFAS 106 (1,825) Employee Assistance Program 104 Company Picnics 44 TOTAL $ 181 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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. D E S C R I P T I O N NAME OF PAYEE AMOUNT NONE TOTAL $ ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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.S. 441 (b) (2) shall be separately classified. D E S C R I P T I O N AMOUNT Board of Directors Fees $ 364 Corporate, Civic, Employee Membership, Industry Dues and Corporate Contributions 3,960 TOTAL $4,324 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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. T Y P E O F P R O P E R T Y AMOUNT Office Buildings & Grounds $3,960 TOTAL $3,960 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 TAXES OTHER THAN INCOME TAXES - ACCOUNT 408 INSTRUCTION: 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. K I N D O F T A X AMOUNT (1) OTHER THAN U.S. GOVERNMENT TAXES Sales & Use Tax $1,740 State Unemployment Tax 38 Real & Personal Property Tax 5 Subtotal 1,783 (2) US GOVERNMENT TAXES FICA 4,919 Federal Unemployment Tax 86 SubTotal 5,005 TOTAL $6,788 ANNUAL REPORT OF CENTERIOR SERVICE COMPANY For the Year Ended December 31, 1996 DONATIONS - ACCOUNT 426.1 INSTRUCTION: 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 NONE TOTAL $ ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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. D E S C R I P T I O N NAME OF PAYEE AMOUNT NONE TOTAL ANNUAL REPORT OF CENTERIOR SERVICE COMPANY 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. See Schedule XIV - Notes to Financial Statements ANNUAL REPORT OF CENTERIOR SERVICE COMPANY ORGANIZATION CHART BOARD OF DIRECTORS Chairman, President & CEO Executive Vice President, Operations & Engineering V. P. Customer Support Sr. V. P. Fossil and T&D Operations V.P. T&D Operations Senior V. P. Nuclear and V. P. Nuclear-Perry V. P. Nuclear - Davis-Besse V. P. Finance & Administration Controller and Assistant Secretary Treasurer V. P. Legal & Government Affairs and General Counsel Corporate Secretary V. P. Sales and Marketing ANNUAL REPORT OF CENTERIOR SERVICE COMPANY METHODS OF ALLOCATION A. Kilowatt Sales Ratio B. Company Load Ratio C. Number of Customers Ratio D. Number of Company Employees Ratio E. Plant Investment Ratio F. Level of Construction Ratio G. Total Asset Ratio H. Computer Resource Unit Ratio I. Tons of Fuel Acquired Ratio J. Nuclear Capacity Ratio K. Number of Service Company Employees by Group Ratio L. Amount of Nuclear Generation Ratio M. Composite Factor Ratio ANNUAL REPORT OF CENTERIOR SERVICE COMPANY SIGNATURE CLAUSE 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. CENTERIOR SERVICE COMPANY (Name of Reporting Company) By: E. LYLE PEPIN (Signature of Signing Officer) E. Lyle Pepin, Controller (Printed Name and Title of Signing Officer) Date: February 25, 1997 EX-27 2
OPUR2 YEAR DEC-31-1996 DEC-31-1996 PER-BOOK 0 0 69,255 4,360 0 73,615 1 24,235 0 0 41,380 3,501 4,498 73,615 0 0 0 208,612 94,745 181 113,686 208,612 0 181,638 26,974 208,612 1,267
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