-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, kDXGI2Fn4bOoRKRLNHlE8JSFOEOhpupCi74Uy0m5EDvhkGAyaiOBBpZt957njDIz UP7Kk9yKs/ZUPXIcZZi86A== 0000823392-95-000001.txt : 19950302 0000823392-95-000001.hdr.sgml : 19950302 ACCESSION NUMBER: 0000823392-95-000001 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950228 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NIPSCO INDUSTRIES INC CENTRAL INDEX KEY: 0000823392 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 351719974 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00340 FILM NUMBER: 95516009 BUSINESS ADDRESS: STREET 1: 5265 HOHMAN AVE CITY: HAMMOND STATE: IN ZIP: 46320 BUSINESS PHONE: 2198535200 MAIL ADDRESS: STREET 1: 5265 HOHMAN AVENUE CITY: HAMMOND STATE: IN ZIP: 46320-1775 U-3A-2 1 FORM U-3A-2 File No. 69-340 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. Statement by Holding Company Claiming Exemption Under Rule U-2 from Provisions of the Public Utility Holding Company Act of 1935 To be filed annually prior to March 1 NIPSCO Industries, Inc. (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule U-2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935 and submits the following information: 1. Name, State of organization, location and nature of business of claimant and every subsidiary thereof other than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly holds an interest.
State of Nature of Name of Company Organization Location Business ====================== ============= ================= ============== NIPSCO Industries, Inc. Indiana Hammond, Indiana Holding company 801 East Corp. Indiana Merrillville, Management Indiana services Hamilton Harbour Indiana Hammond, Indiana Captive Services, Ltd. insurance program Kokomo Gas and Fuel Indiana Kokomo, Indiana Gas utility Company Lakeside Energy Indiana Merrillville, Electric Corporation Indiana generator project NIPSCO Capital Markets, Indiana Hammond, Indiana Funding agent Inc. for all non-utility ventures NIPSCO Development Indiana Hammond, Indiana Investments Company, Inc. including real estate Analytic Systems Indiana Hobart, Indiana Fluid Laboratories, Inc. (1) filtration systems G. R. Clark Corporation Indiana Hobart, Indiana Design of (2) pollution control systems Harbor Coal Company (2) Indiana Hammond, Indiana Coal pulverization joint venture JOF Transportation Indiana Hammond, Indiana Rail freight Company (2) joint-venture Lake Erie Land Company Indiana Hammond, Indiana Development (2) of commercial real estate SCC Services, Inc. (3) Indiana Hammond, Indiana Operation of golf course KOGAF Enterprises, Inc. Indiana Kokomo, Indiana Real estate (2) investments Metals Technology Indiana Shirley, Indiana Metals Corporation (4) foundry NDC Douglas Properties, Indiana Hammond, Indiana Affordable Inc. (2) housing projects NIPSCO International Indiana Hammond, Indiana Investing in Power System Company (2) overseas power generation NIPSCO Security Services, Indiana Hammond, Indiana Security Inc. (2) services Process and Control Indiana Hobart, Indiana Design of Technology Corporation pollution (2) control systems Riverside Caloric Company Indiana Hammond, Indiana Tire-derived (2) fuel processing facilities RIC, Inc. (2) Indiana Schererville, Real estate Indiana investing and management Cardinal Property Indiana Schererville, Building and Management, Inc. (5) Indiana property management NIPSCO Energy Services, Indiana Hammond, Indiana Supervises Inc. energy- related diversified projects Crossroads Pipeline Indiana Hammond, Indiana Intrastate Company (6) gas transmission NIPSCO Energy Trading Indiana Hammond, Indiana Gas and other Corp. (6) energy brokering businesses NIPSCO Fuel Company, Indiana Hammond, Indiana Investments Inc. (6) in gas and oil ventures NFCO Acquisition Company Texas Dallas, Texas Investment in (7) gas and oil properties NI-TEX, Inc. (6) Indiana Hammond, Indiana Gas supply and transpor- tation Triumph Natural Gas, Inc. Delaware Dallas, Texas Gas supply (8) and brokering Northern Indiana Fuel and Indiana Auburn, Indiana Gas utility Light Company, Inc. Northern Indiana Trading Indiana Auburn, Indiana Gas brokering Company (9) Northern Indiana Public Indiana Hammond, Indiana Electric and Service Company gas utility NIPSCO Exploration Company, Indiana Hammond, Indiana Gas Inc. (10) exploration investment in off-shore Gulf of Mexico oil and gas leases Shore Line Shops, Indiana Hammond, Indiana Real estate Incorporated (10) purchase and sale of transferred employees residences North Lake Energy Indiana Merrillville, Electric Corporation Indiana generation project (1) Majority-owned subsidiary of NIPSCO Development Company, Inc. (2) Wholly-owned subsidiary of NIPSCO Development Company, Inc. (3) Wholly-owned subsidiary of Lake Erie Land Company. (4) Majority-owned subsidiary of KOGAF Enterprises, Inc. (5) Wholly-owned subsidiary of RIC, Inc. (6) Wholly-owned subsidiary of NIPSCO Energy Services, Inc. (7) Wholly-owned subsidiary of NIPSCO Fuel Company, Inc. (8) Majority-owned subsidiary of NIPSCO Energy Services, Inc. (9) Wholly-owned subsidiary of Northern Indiana Fuel and Light Company, Inc. (10) Wholly-owned subsidiary of Northern Indiana Public Service Company.
2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission, and distribution of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing fields, gas manufacturing plants, and electric and gas distribution facilities, including all such properties which are outside the State in which claimant and its subsidiaries are organized and all transmission or pipelines which deliver or receive electric energy or gas at the borders of such State. The claimant, NIPSCO Industries, Inc. (Industries), owns no physical properties. All the physical properties of Northern Indiana Public Service Company (Northern Indiana), Kokomo Gas and Fuel Company (Kokomo Gas) and Northern Indiana Fuel and Light Company, Inc. (NIFL) are located in the State of Indiana. Crossroads Pipeline Company (Crossroads) owns a 202-mile natural gas pipeline running from northwest Indiana to Cygnet, Ohio. Only the Indiana portion of the line is presently in service as an intrastate gas pipeline. The only significant real properties owned by other subsidiaries of Industries are: the Southlake Complex, a 325,000 square foot office building in Merrillville, Indiana, leased to Northern Indiana and owned by NIPSCO Development Company, Inc. (Development); a 36-mile intrastate natural gas pipeline, located in southern Texas and half-owned by NI-TEX, Inc.; a golf course and surrounding residential development in Chesterton, Indiana, owned by Lake Erie Land Company; and commercial real estate joint ventures, half-owned by KOGAF Enterprises, located in Kokomo, Indiana. Northern Indiana Public Service Company. Northern Indiana is a public utility operating company engaged in supplying natural gas and electrical energy to the public. It operates in 30 counties in the northern part of Indiana, serving an area of about 12,000 square miles with a population of approximately 2.2 million. Northern Indiana, at December 31, 1994, served approximately 631,800 customers with gas and approximately 400,500 with electricity. ELECTRIC. Northern Indiana owns and operates four electric generating stations using fossil fuels with net capability of 3,179,000 kilowatts (kw), two hydroelectric generating plants with rated net capabilities of 10,000 kw, four gas fired combustion turbine generating units with net capabilities of 203,000 kw, for a total system capacity of 3,392,000 kw. All of Northern Indiana's generating units are located in Northwest Indiana. Northern Indiana has 292 substations with an aggregate transformer capacity of 22,575,400 KVA. Its transmission system with voltages from 34,500 to 345,000 consists of approximately 3,050 circuit miles of line. The electric distribution system extends into 21 counties and consists of approximately 7,684 circuit miles of overhead and approximately 1,156 cable miles of underground primary distribution lines operating at various voltages from 2,400 to 12,500 volts. GAS. In 1994, all of the gas was transported by Natural Gas Pipeline Company of America (Natural), Midwestern Gas Transmission Company (Midwestern), Panhandle Eastern Pipe Line Company (Panhandle), Trunkline Gas Company (Trunkline) and ANR Pipeline Company (ANR). Approximately 20% of Northern Indiana's 1994 gas supply was purchased from the spot market and generally on a 30-day agreement. The transportation and storage rates of Natural, Midwestern, Panhandle, Trunkline and ANR to Northern Indiana are subject to change in accordance with rate proceedings filed with the Federal Energy Regulatory Commission. Northern Indiana has in operation an underground gas storage field at Royal Center, Indiana, which currently has a storage capacity of 6.75 million Mcf. In addition, Northern Indiana has several gas storage service agreements which make possible the withdrawal of substantial quantities of gas from other storage facilities. All of the storage agreements have limitations on the daily withdrawal volumes and the timing thereof. Northern Indiana has a liquefied natural gas plant in LaPorte County,Indiana, which is designed for peak shaving and has the following capacities: maximum storage of 4,000,000 Mcf; maximum liquefaction rate (gas to liquid), 20,000 Mcf per day; maximum vaporization rate (output to distribution system), 400,000 Mcf per day. Northern Indiana has approximately 12,854 miles of gas mains. OTHER PROPERTIES. Northern Indiana owns and has a substantial investment in offices and service buildings, salesrooms, garages, repair shops, motor vehicles, construction equipment and tools, and office furniture and equipment, and also leases offices and storerooms in various localities. It also owns miscellaneous parcels of real estate not now used in utility operations. Kokomo Gas and Fuel Company. Kokomo Gas is a public utility operating company which provides natural gas and natural gas transportation services to approximately 31,500 customers at December 31, 1994. Kokomo's service territories include all of Howard County, and parts of Carroll, Cass, Clinton, Miami, and Tipton Counties in Indiana. Kokomo's service area has a population in excess of 100,000 people and includes 23 cities, towns, and communities. Kokomo Gas purchased gas on the spot market from NI-TEX, Inc. a subsidiary of NIPSCO Energy Services, Inc., to satisfy all of its system requirements in 1994. Kokomo Gas has a liqueified natural gas plant in Howard County which has the following capacities: maximum storage of 400,000 Mcf; maximum liquefication rate (gas to liquid), 2,850 Mcf per day; maximum vaporization rate (output to distribution system), 30,000 Mcf per day. Kokomo Gas also has a gas holder with a storage capacity of 12,000 Mcf. Kokomo Gas has approximately 719 miles of mains. Northern Indiana Fuel and Light Company, Inc. NIFL is a public utility operating company which provides natural gas and natural gas transportation services to approximately 29,800 customers at December 31, 1994. NIFL's service territories include all of DeKalb and Steuben, and parts of Allen, LaGrange, and Noble Counties in Indiana. NIFL's service area has a population in excess of 66,700 people and includes 22 cities, towns, and communities. NIFL purchased gas on the spot market from a number of suppliers including NI-TEX, Inc., a subsidiary of NIPSCO Energy Services, Inc., to satisfy all of its system requirements in 1994. NIFL has approximately 751 miles of gas mains. Crossroads Pipeline Company. In April 1993, Industries purchased a 20-inch crude-oil pipeline that extends from near the Illinois-Indiana state line east 202 miles to Cygnet, Ohio. The Crossroads line has been converted from oil to natural gas and was approved in late December, 1993, by the Indiana Utility Regulatory Commission as an intrastate gas pipeline. Crossroads was in operation during 1994. 3. The following information for the year 1994 with respect to claimant and each of its subsidiary public utility companies: (a) Number of Kwh of electric energy sold (at retail or wholesale) and Mcf of natural or manufactured gas distributed at retail.
Total Electric Retail Gas Sales Distributed Company (Kwh) (Mcf) =============================== =============== ============= (S) Northern Indiana Public Service Company 15,536,393,762 273,215,335 Kokomo Gas and Fuel Company NONE 8,057,901 Northern Indiana Fuel and Light Company, Inc. NONE 8,626,056
Electric Sales Gas Sales Company (Kwh) (Mcf) =============================== =============== ============= Northern Indiana Public Service Company 188,417,000* NONE Kokomo Gas and Fuel Company NONE NONE Northern Indiana Fuel and Light Company, Inc. NONE NONE * Sold 101,098,000 Kwh to Consumers Power Company at the Indiana-Michigan state line, 8,013,000 Kwh to Central Illinois Public Service Company at the Indiana-Illinois state line, and 79,306,000 Kwh to Commonwealth Edison Company, Inc. at the Indiana-Illinois state line.
(d) Number of Kwh of electric energy and Mcf of natural or manufactured gas purchased outside the State in which each such company is organized or at the State line.
Electric Purchases Gas Purchases Company (Kwh) (Mcf) =============================== =============== ============= Northern Indiana Public Service Company 694,912,000** NONE Kokomo Gas and Fuel Company NONE NONE Northern Indiana Fuel and Light Company, Inc. NONE NONE ** Purchased 10,904,000 Kwh from Consumers Power Company at the Indiana-Michigan state line, 60,028,000 Kwh from Central Illinois Public Service Company at the Indiana-Illinois state line, and 623,980,000 Kwh from Commonwealth Edison Company, Inc. at the Indiana-Illinois state line.
4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars: (a) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation,transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas. Elm Energy and Recycling (UK) Ltd. ("Elm Energy"), an exempt wholesale generator, is a whole tires-to-energy facility whose registered address is Sparklemore House, Biddings Lane, Bilston, Wolverhampton WV159NN, England. The facility incinerates waste tires, raises steam and generates electricity for export to the grid. (b) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. Development holds a 95% equity ownership position in Elm Energy. (c) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company. Industries invested $23,121,000 for Ordinary Shares of Elm Energy indirectly through Development. Industries has provided no guarantees nor is there any debt having recourse to Industries. (d) Capitalization and earnings of the EWG or foreign utility company during the reporting period.
Elm Energy and Recycling (UK) Ltd. (Dollars in 1994 thousands) ====================================== ============ Capitalization at December 31, 1994: Shareholders' equity $17,993 Long-term debt 37,868 _______ Total $55,861 ======= Net income $ 369 =======
(e) Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). Pursuant to the Engineering Services Agreement dated June 22, 1994 between Elm Energy and Development, Development has agreed to provide personnel to supervise the engineering operations and planning related to the Whole Tyre Recycling Facility at Wolverhampton. Development is to be paid 250,000 pounds sterling yearly for these services with quarterly invoicing in arrears. Development received $194,387.50 in payment of these services during 1994. EX-27 2
OPUR3 This schedule contains summary financial information extracted from the financial statements of NIPSCO Industries, Inc. for twelve months ended December 31, 1994, and is qualified in its entirety by reference to such financial statements. 1,000 12-MOS DEC-31-1994 JAN-01-1994 DEC-31-1994 PER-BOOK 3,944,543 1,676,401 163,987
EX-99.A 3 (EXHIBIT A) December 31, 1994 ORGANIZATION CHART A.1 NIPSCO Industries, Inc. A.2 801 East Corp.: Income Statement (No Activity) Statement of Retained Earnings (None - Zero Amounts) A.3 Hamilton Harbour Insurance Services, Ltd.: Income Statement (No Activity) Statement of Retained Earnings (None - Zero Amounts) A.4 Kokomo Gas and Fuel Company A.5 Lakeside Energy Corporation: Balance Sheet (None - Zero Amounts) Income Statement (No Activity) Statement of Retained Earnings (None - Zero Amounts) A.6 NIPSCO Capital Markets, Inc. A.7 NIPSCO Development Company, Inc. A.8 Analytic Systems Laboratories, Inc. A.9 G. R. Clark Corporation A.10 Harbor Coal Company A.11 JOF Transportation Company A.12 Lake Erie Land Company A.13 SCC Services, Inc. A.14 KOGAF Enterprises, Inc. A.15 Metals Technology Corporation A.16 NDC Douglas Properties, Inc. A.17 NIPSCO International Power Systems Company: Income Statement (No Activity) A.18 NIPSCO Security Services, Inc. A.19 Process and Control Technology Corporation: Income Statement (No Activity) A.20 Riverside Caloric Company A.21 RIC, Inc. A.22 Cardinal Property Management, Inc. A.23 NIPSCO Energy Services, Inc. A.24 Crossroads Pipeline Company A.25 NIPSCO Energy Trading Corp. A.26 NIPSCO Fuel Company, Inc. A.27 NFCO Acquisition Company A.28 NI-TEX, Inc. A.29 Triumph Natural Gas, Inc.: Balance Sheet (None - Zero Amounts) Income Statement (No Activity) Statement of Retained Earnings (None - Zero Amounts) A.30 Northern Indiana Fuel & Light Company, Inc. A.31 Northern Indiana Trading Company A.32 Northern Indiana Public Service Company A.33 NIPSCO Exploration Company, Inc. A.34 Shore Line Shops, Incorporated A.35 North Lake Energy Corporation: Income Statement (No Activity) Statement of Retained Earnings (None - Zero Amounts)
A.1 NIPSCO INDUSTRIES, INC. CONSOLIDATED BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Utility Plant, At Original Cost (including construction work in progress of $221,830): Electric $3,858,118 Gas 1,258,801 Common 316,120 __________ 5,433,039 Less-Accumulated provision for depreciation and amortization 2,202,082 __________ Total Utility Plant 3,230,957 __________ Other Property and Investments: Other property, at cost, less accumulated provision for depreciation 126,632 Investments, at equity 27,023 Investments, at cost 10,355 __________ Total Other Property and Investments 164,010 __________ Current Assets: Cash and cash equivalents 40,441 Accounts receivable, less reserve of $4,899 86,299 Fuel adjustment clause 1,614 Gas cost adjustment clause 25,972 Materials and supplies, at average cost 66,397 Electric production fuel, at average cost 18,347 Natural gas in storage, at last-in, first-out cost 77,794 Payments and other 11,081 __________ Total Current Assets 327,945 __________ Other Assets: Regulatory assets 195,449 Deferred charges and other non-current assets 26,182 __________ Total Other Assets 221,631 __________ TOTAL ASSETS $3,944,543 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shareholders' equity $1,107,848 Preferred stocks - Northern Indiana Public Service Company: Series without mandatory redemption provisions 86,389 Series with mandatory redemption provisions 66,057 NIPSCO Industries, Inc.: Series with mandatory redemption provisions 35,000 Long-term debt, excluding amounts due within one year 1,180,338 __________ Total Capitalization 2,475,632 __________ Current Liabilities: Obligations due within one year - Northern Indiana Public Service Company: Commercial paper 156,500 First Mortgage Bonds - Series N, 4-5/8% - due May 15, 1995 22,436 Notes payable - Issued at interest rates between 6.00% and 6.33% with a weighted average interest rate of 6.15% and various maturities between January 4, 1995 and February 14, 1995 92,700 NIPSCO Capital Markets, Inc.: Commercial paper 49,600 Notes payable - Issued at interest rates of 6.27% and 6.30% with a weighted average interest rate of 6.30% and maturities of January 17, 1995 and January 27, 1995 12,700 Elm Energy and Recycling (UK), Ltd.: Term loan facility 3,262 NDC Douglas Properties, Inc.: Notes payable 1,013 __________ 338,211 __________ Other Current Liabilities - Accounts payable 158,463 Sinking funds due within one year 2,578 Dividends declared on common and preferred stocks 27,077 Customer deposits 9,291 Taxes accrued 50,168 Interest accrued 10,561 Other accruals 44,639 __________ 302,777 __________ Total Current Liabilities 640,988 __________ Other: Deferred income taxes 575,323 Deferred investment tax credits, being amortized over life of related property 123,181 Deferred credits 45,001 Regulatory income tax liability 18,599 Other noncurrent liabilities 65,819 __________ Total Other 827,923 __________ TOTAL LIABILITIES $3,944,543 ========== CONSOLIDATED STATEMENT OF CAPITALIZATION Common shareholders' equity $1,107,848 __________ Preferred Stocks, Which Are Redeemable Solely At Option of Issuer: Northern Indiana Public Service Company - Cumulative preferred stock - $100 par value 4-1/4% series - 211,266 shares outstanding 21,127 4-1/2% series - 79,996 shares outstanding 8,000 4.22% series - 106,200 shares outstanding 10,620 4.88% series - 100,000 shares outstanding 10,000 7.44% series - 41,900 shares outstanding 4,190 7.50% series - 34,842 shares outstanding 3,484 Premium on preferred stock 254 Cumulative preferred stock - no par value - Adjustable Rate (6.00% at December 31, 1994) - Series A (stated value - $50 per share), 574,285 shares outstanding 28,714 __________ 86,389 __________ Redeemable Preferred Stocks, Subject to Mandatory Redemption Requirements or Whose Redemption Is Outside the Control of Issuer: Northern Indiana Public Service Company - Cumulative preferred stock - $100 par value - 8.85% series - 100,000 shares outstanding 10,000 7-3/4% series - 55,568 shares outstanding 5,557 8.35% series - 75,000 shares outstanding 7,500 Cumulative preferred stock - no par value - 6.50% series - 430,000 shares outstanding 43,000 __________ 66,057 __________ NIPSCO Industries, Inc. - Cumulative preferred shares - without par value - 8.75% series (stated value - $100 per share), 350,000 shares outstanding 35,000 __________ Long-term Debt 1,180,338 __________ TOTAL CAPITALIZATION $2,475,632 ========== CONSOLIDATED STATEMENT OF LONG-TERM DEBT Northern Indiana Public Service Company: First mortgage bonds - Series O, 6-3/8% - due September 1, 1997 $ 25,747 Series P, 6-7/8% - due October 1, 1998 14,509 Series T, 7-1/2% - due April 1, 2002 40,543 Series U, 8-1/8% - due July 15, 2003 55,239 Series Z, 8-1/8% - due August 15, 2007 39,569 Series NN, 7.10% - due July 1, 2017 55,000 __________ Total 230,607 __________ Pollution control notes and bonds - Series A note - City of Michigan City - 5.70% due October 1, 2003 20,750 Series 1988 bonds - Jasper County - Series A, B and C 3.68% weighted average at December 31, 1994, due November 1, 2016 130,000 Series 1988 bonds - Jasper County - Series D 3.90% weighted average at December 31, 1994, due November 1, 2007 24,000 Series 1994 Bonds - Jasper County - Series A 6.15% weighted average at December 31, 1994, due August 1,2010 10,000 Series 1994 bonds - Jasper County - Series B 6.15% weighted average at December 31, 1994, due June 1, 2013 18,000 Series 1994 bonds - Jasper County - Series C 6.15% weighted average at December 31, 1994, due April 1, 2019 41,000 __________ Total 243,750 __________ Medium-term Notes - Issued at interest rates between 4.94% and 7.64%, with a weighted average interest rate of 6.47% and various maturities between July 25, 1996 and January 19, 2024 594,750 __________ Unamortized premium and discount on long-term debt, net (3,756) __________ Total Long-term Debt of Northern Indiana Public Service Company 1,065,351 __________ NIPSCO Capital Markets, Inc.: Medium-term note - 9.95% - due June 10, 1996 7,500 Unamortized discount (9) Zero Coupon Notes - 7.57%, $72,500 at maturity, due December 1, 1997 58,373 __________ Total Long-Term Debt of NIPSCO Capital Markets, Inc. 65,864 __________ NIPSCO Development Company, Inc.: Lake Erie Land Company - Notes Payable - Interest rates between 8.50% and 9.50% with a weighted average interest rate of 8.91% and various maturities between July 5, 1996 and June 30, 1998 3,155 Elm Energy and Recycling (UK), Ltd. Term Loan Facility - 6.79% - due December 31, 2004 34,606 Metals Technology Corporation - Notes Payable - Mortgage note, 9.00% - due September 25, 2005 98 NDC Douglas Properties, Inc. - Notes Payable - Interest rates between 6.72% and 7.94% with a weighted average interest rate of 7.54% and maturities through January 1, 2005 11,264 __________ Total Long-term Debt of NIPSCO Development Company, Inc. 49,123 __________ TOTAL LONG-TERM DEBT, EXCLUDING AMOUNTS DUE IN ONE YEAR $1,180,338 ==========
A.1 NIPSCO INDUSTRIES, INC. CONSOLIDATED INCOME STATEMENT December 31, 1994 (Dollars in Thousands) Operating Revenues: Gas $ 681,909 Electric 994,492 __________ 1,676,401 __________ Cost of Energy: Gas costs 403,437 Fuel for electric generation 247,134 Power purchased 32,503 __________ 683,074 __________ Operating Margin 993,327 __________ Operating Expenses and Taxes (except income): Operation 287,766 Maintenance 80,170 Depreciation and amortization 194,283 Taxes (except income) 72,227 __________ 634,446 __________ Operating Income Before Utility Income Taxes 358,881 __________ Utility Income Taxes 97,732 __________ Operating Income 261,149 __________ Other Income (Deductions): Other, net 2,216 __________ Income Before Interest and Other Charges 263,365 __________ Interest and Other Charges: Interest on long-term debt 78,292 Other interest 11,650 Allowance for borrowed funds used during construction and carrying charges (4,374) Amortization of premium, reacquisition premium, discount and expense on debt, net 3,897 Dividend requirements on preferred stocks of subsidiary 9,913 __________ 99,378 __________ Net Income 163,987 Dividend Requirements on Preferred Shares 3,063 __________ Balance Available for Common Shareholders $ 160,924 ========== Average Common Shares Outstanding 64,820,039 Earnings Per Average Common Share $ 2.48 ========== Dividends Declared Per Common Share $ 1.47 ==========
CONSOLIDATED STATEMENT OF COMMON SHAREHOLDERS' EQUITY December 31, 1994 (Dollars in Thousands) ______________________________________ Additional Common Paid-In Total Shares Capital ============================== ========== ========== ========== Balance, December 31, 1993 $1,094,672 $ 870,930 $ 27,631 Net income 163,987 Dividends: Preferred shares (3,063) Common shares (94,803) Treasury shares acquired (58,717) Issued: Employee stock purchase plan 598 293 Long-term incentive plan 1,449 31 Other 3,725 1,702 __________ __________ __________ Balance, December 31, 1994 $1,107,848 $ 870,930 $ 29,657 ========== ========== ========== (Dollars in Thousands) ______________________________________ Unearned Retained Treasury Compen- Earnings Shares sation ============================== ========== ========== ========== Balance, December 31, 1993 $ 380,888 $ (180,212) $ (1,684) Net income 163,987 Dividends: Preferred shares (3,063) Common shares (94,803) Treasury shares acquired (58,717) Issued: Employee stock purchase plan 305 Long-term incentive plan 1,431 (13) Other (81) 727 __________ __________ __________ Balance, December 31, 1994 $ 446,928 $ (237,193) $ (970) ========== ========== ========== (Dollars in Thousands) Shares ____________ ________________________ Currency Translation Common Treasury Adjustment Shares Shares ============================== ========== ========== ========== Balance, December 31, 1993 $ (2,881) 73,892,109 (8,063,271) Net income Dividends: Preferred shares Common shares Treasury shares acquired (2,002,586) Issued: Employee stock purchase plan 19,248 Long-term incentive plan 59,889 Other 1,377 __________ __________ __________ Balance, December 31, 1994 $ (1,504) 73,892,109 (9,986,720) ========== ========== ==========
A.2 801 EAST CORP. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 149 Accounts receivable - associated companies 237 __________ Total Current Assets 386 __________ $ 386 TOTAL ASSETS ========== CAPITALIZATION AND LIABILITIES Current Liabilities: Total accounts payable $ 177 Taxes accrued (3) Notes payable to associated companies 256 Taxes withheld payables (44) __________ Total Current Liabilities 386 __________ TOTAL LIABILITIES $ 386 ==========
A.2 801 EAST CORP. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) (No Activity) $ 0 ==========
A.2 801 East Corp. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.3 HAMILTON HARBOUR INSURANCE SERVICES, LTD. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Prepayments $ 40 __________ Total Current Assets 40 __________ TOTAL ASSETS $ 40 ========== CAPITALIZATION AND LIABILITIES Current Liabilities: Total accounts payable $ 40 __________ Total Current Liabilities 40 __________ TOTAL LIABILITIES $ 40 ==========
A.3 HAMILTON HARBOUR INSURANCE SERVICES, LTD. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) (No Activity) $ 0 ==========
A.3 HAMILTON HARBOUR INSURANCE SERVICES, LTD. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.4 KOKOMO GAS AND FUEL COMPANY BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Utility Plant: Utility Plant $ 67,506 Less - accumulated provision for depreciation (24,271) __________ Total Utility Plant 43,235 __________ Other Property and Investments: Investments at cost 5 __________ Total Other Property and Investments 5 __________ Current Assets: Cash and cash equivalents 2,664 Accounts receivable, less reserve 3,281 Gas cost adjustment clause (1,561) Material and supplies at average cost 333 Natural gas in storage, at LIFO cost 2,273 Prepayments and other 6,502 __________ Total Current Assets 13,492 __________ Other Assets: Regulatory assets 167 Deferred charges and other 48 __________ Total Other Assets 215 __________ TOTAL ASSETS $ 56,947 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 46,170 Retained earnings (605) __________ Total Capitalization 45,565 __________ Current Liabilities: Total accounts payable 3,310 Customer deposits 443 Taxes accrued 1,315 Interest accrued 132 Other accruals 126 __________ Total Current Liabilities 5,326 __________ Other: Deferred income taxes 2,354 Deferred income tax credits amortized 753 Deferred credits 2 Regulatory income tax liability 1,644 Other non-current liabilities 1,303 __________ Total Other 6,056 __________ TOTAL LIABILITIES $ 56,947 ==========
A.4 KOKOMO GAS AND FUEL COMPANY INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Gas $ 31,164 Other income (183) __________ Total 30,981 __________ Operating Expenses and Taxes: Gas costs 19,946 Operation expenses 3,516 Administrative and general expenses 3,338 Taxes other than income 965 Interest expense 24 Tax expense 1,122 __________ Total 28,911 __________ Net Income (Loss) $ 2,070 ==========
A.4 KOKOMO GAS AND FUEL COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (275) Net Income 2,070 Dividends declared common (2,400) __________ Balance at End of Year $ (605) ==========
A.5 LAKESIDE ENERGY CORPORATION BALANCE SHEET December 31, 1994 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.5 LAKESIDE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) (No Activity) $ 0 ==========
A.5 LAKESIDE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.6 NIPSCO CAPITAL MARKETS, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 6 Accounts receivable - associated companies 1,062 Notes receivable - associated companies 130,227 Prepayments 131 __________ Total Current Assets 131,426 __________ Other Assets: Deferred charges and other 444 __________ Total Other Assets 444 __________ TOTAL ASSETS $ 131,870 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1,000 Retained earnings 2,206 Retained earnings - current year 366 NIPSCO Industries, Inc: Long-term debt other 65,873 Unamortized discount - long term debt (9) __________ Total Capitalization 69,436 __________ Current Liabilities: Commercial paper - NIPSCO Capital Markets, Inc. 49,600 Notes payable - NIPSCO Capital Markets, Inc. 12,700 Total accounts payable 34 Interest accrued 97 __________ Total Current Liabilities 62,431 __________ Other: Deferred credits 3 __________ Total Other 3 __________ TOTAL LIABILITIES $ 131,870 ==========
A.6 NIPSCO CAPITAL MARKETS, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 8,208 __________ Total 8,208 __________ Operating Expenses and Taxes: Administrative and general expenses 57 Taxes other than income 1 Interest expense 7,574 Tax expense 210 __________ Total 7,842 __________ Net Income (Loss) $ 366 ==========
A.6 NIPSCO CAPITAL MARKETS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 2,206 Net Income 366 __________ Balance at End of Year $ 2,572 ==========
A.7 NIPSCO DEVELOPMENT COMPANY, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1,918 Notes receivable 427 Other accounts receivable 161 Accounts receivable - associated companies 3,632 Notes receivable - associated companies 1,515 Prepayments 21 __________ Total Current Assets 7,674 __________ Other Property and Investments: Other property at cost less depreciation 11,094 Investments at equity 24,521 Investments at cost 4,842 __________ Total Other Property and Investments 40,457 __________ Other Assets: Deferred charges and other 76 __________ Total Other Assets 76 __________ TOTAL ASSETS $ 48,207 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Foreign currency translation adjustment (1,504) Retained earnings (7,193) Retained earnings - current year (8,091) __________ Total Capitalization (16,787) __________ Current Liabilities: Total accounts payable 3,390 Taxes accrued 672 Notes payable to associated companies 63,393 __________ Total Current Liabilities 67,455 __________ Other: Deferred income taxes (2,690) Deferred credits 229 __________ Total Other (2,461) __________ TOTAL LIABILITIES $ 48,207 ==========
A.7 NIPSCO DEVELOPMENT COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 3,343 Other income (1,858) __________ Total 1,485 __________ Operating Expenses and Taxes: Administrative and general expenses 2,614 Taxes other than income 72 Depreciation expense 341 Interest expense 4,425 Tax expense (2,595) __________ Total 4,857 __________ Income (Loss) Before Subsidiaries (3,372) __________ Subsidiary Gain (Loss) (4,719) __________ Net Income (Loss) $ (8,091) ==========
A.7 NIPSCO DEVELOPMENT COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (7,194) Net Income (8,091) __________ Balance at End of Year $ (15,285) ==========
A.8 ANALYTIC SYSTEMS LABORATORIES, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 21 Other accounts receivable 81 Material and supplies at average cost 81 Prepayments 2 __________ Total Current Assets 185 __________ Other Property and Investments: Other property at cost less depreciation 97 __________ Total Other Property and Investments 97 __________ Other Assets: Deferred charges and other 3 __________ Total Other Assets 3 __________ TOTAL ASSETS $ 285 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 561 Retained earnings (1,672) Retained earnings - current year (935) __________ Total Capitalization (2,046) __________ Current Liabilities: Total accounts payable 807 Notes payable to associated companies 1,515 Other accruals 9 __________ Total Current Liabilities 2,331 __________ TOTAL LIABILITIES $ 285 ==========
A.8 ANALYTIC SYSTEMS LABORATORIES, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 749 Other income 5 __________ Total 754 __________ Operating Expenses and Taxes: Operating expenses 275 Administrative and general expenses 1,202 Taxes other than income 21 Depreciation expense 23 Interest expense 168 __________ Total 1,689 __________ Net Income (Loss) $ (935) ==========
A.8 ANALYTIC SYSTEMS LABORATORIES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (1,672) Net Income (935) __________ Balance at End of Year $ (2,607) ==========
A.9 G. R. CLARK CORPORATION BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 561 Other accounts receivable 766 Accounts receivable - associated companies 135 Prepayments 15 __________ Total Current Assets 1,477 __________ Other Property and Investments: Other property at cost less depreciation 17 __________ Total Other Property and Investments 17 __________ Other Assets: Deferred Charges and Other 12 __________ Total Other Assets 12 __________ TOTAL ASSETS $ 1,506 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 2,236 Retained earnings (813) Retained earnings - current year (173) __________ Total Capitalization 1,251 __________ Current Liabilities: Total accounts payable 69 Notes payable to associated companies 3 Other accruals 27 __________ Total Current Liabilities 99 __________ Other: Deferred income taxes 156 __________ Total Other 156 __________ TOTAL LIABILITIES $ 1,506 ==========
A.9 G. R. CLARK CORPORATION INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 294 Other income (13) __________ Total 281 __________ Operating Expenses and Taxes: Operating expenses 272 Administrative and general expenses 274 Interest expense 17 Tax expense (109) __________ Total 454 __________ Net Income (Loss) $ (173) ==========
A.9 G. R. CLARK CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (813) Net Income (173) __________ Balance at End of Year $ (986) ==========
A.10 HARBOR COAL COMPANY BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 5 Accounts receivable - associated companies 2,311 Prepayments 33 __________ Total Current Assets 2,349 __________ Other Property and Investments: Investments at equity (322) __________ Total Other Property and Investments (322) __________ TOTAL ASSETS $ 2,027 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (249) Retained earnings - current year (3,327) __________ Total Capitalization (3,575) __________ Current Liabilities: Total accounts payable 325 Notes payable to associated companies 6,910 __________ Total Current Liabilities 7,235 __________ Other: Deferred income taxes (1,633) __________ Total Other (1,633) __________ TOTAL LIABILITIES $ 2,027 ==========
A.10 HARBOR COAL COMPANY INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ (4,939) __________ Total (4,939) __________ Operating Expenses and Taxes: Administrative and general expenses 101 Taxes other than income 51 Interest expense 300 Tax expense (2,064) __________ Total (1,612) __________ Net Income (Loss) $ (3,327) ==========
A.10 HARBOR COAL COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (249) Net Income (3,327) __________ Balance at End of Year $ (3,576) ==========
A.11 JOF TRANSPORTATION COMPANY BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 2,538 Accounts receivable - associated companies 122 __________ Total Current Assets 2,660 __________ Other Property and Investments: Investments at equity 2,284 __________ Total Other Property and Investments 2,284 __________ TOTAL ASSETS $ 4,944 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 2,999 Retained earnings - current year 955 __________ Total Capitalization 3,955 __________ Current Liabilities: Total accounts payable 585 Taxes accrued (55) __________ Total Current Liabilities 530 __________ Other: Deferred income taxes 459 __________ Total Other 459 __________ TOTAL LIABILITIES $ 4,944 ==========
A.11 JOF TRANSPORTATION COMPANY INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 1,412 Other income 75 __________ Total 1,487 __________ Operating Expenses and Taxes: Administrative and general expenses 1 Taxes other than income (4) Tax expense 535 __________ Total 532 __________ Net Income (Loss) $ 955 ==========
A.11 JOF TRANSPORTATION COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 2,999 Net Income 955 __________ Balance at End of Year $ 3,954 ==========
A.12 LAKE ERIE LAND COMPANY BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 294 Notes receivable 375 Other accounts receivable 194 Accounts receivable - associated companies 1,599 Material and supplies at average cost 967 Prepayments 142 __________ Total Current Assets 3,571 __________ Other Property and Investments: Other property at cost less depreciation 7,909 Investments at equity 56 Investments at cost 3,211 __________ Total Other Property and Investments 11,176 __________ TOTAL ASSETS $ 14,747 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in capital 6,050 Retained earnings (1,994) Retained earnings - current year (909) Long term debt excluding amounts due 3,155 __________ Total Capitalization 6,303 __________ Current Liabilities: Total accounts payable 1,324 Customer deposits 8 Taxes accrued 76 Interest accrued 20 Notes payable to associated companies 6,856 Other accruals 128 __________ Total Current Liabilities 8,412 __________ Other: Deferred income taxes 23 Deferred credits 9 __________ Total Other 32 __________ TOTAL LIABILITIES $ 14,747 ==========
A.12 LAKE ERIE LAND COMPANY INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,058 Other income (372) __________ Total 1,686 __________ Operating Expenses and Taxes: Operating expenses 529 Administrative and general expenses 1,107 Taxes other than income 40 Depreciation expense 406 Interest expense 753 Tax expense (361) __________ Total 2,474 __________ Income (Loss) Before Subsidiaries (788) __________ Subsidiary Gain (Loss) (121) __________ Net Income (Loss) $ (909) ==========
A.12 LAKE ERIE LAND COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (1,994) Net Income (909) __________ Balance at End of Year $ (2,903) ==========
A.13 SCC SERVICES, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 109 Other accounts receivable 96 Accounts receivable - associated companies 1,038 Material and supplies at average cost 144 __________ Total Current Assets 1,387 __________ Other Assets: Deferred charges and other 29 __________ Total Other Assets 29 __________ TOTAL ASSETS $ 1,416 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 57 Retained earnings 119 Retained earnings - current year (121) __________ Total Capitalization 56 __________ Current Liabilities: Total accounts payable 1,280 __________ Total Current Liabilities 1,280 __________ Other: Deferred credits 80 __________ Total Other 80 __________ TOTAL LIABILITIES $ 1,416 ==========
A.13 SCC SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,578 __________ Total 2,578 __________ Operating Expenses and Taxes: Administrative and general expenses 2,634 Taxes other than income 138 Tax expense (73) __________ Total 2,699 __________ Net Income (Loss) $ (121) ==========
A.13 SCC SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 119 Net Income (121) __________ Balance at End of Year $ (2) ==========
A.14 KOGAF ENTERPRISES, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 42 Notes receivable 605 Other accounts receivable 188 __________ Total Current Assets 835 __________ Other Property and Investments: Other property at cost less depreciation 243 Investments at equity 1,551 __________ Total Other Property and Investments 1,794 __________ TOTAL ASSETS $ 2,629 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 2,103 Retained earnings 29 Retained earnings - current year 188 __________ Total Capitalization 2,320 __________ Current Liabilities: Total accounts payable 3 Taxes accrued 52 Notes payable to associated companies 300 __________ Total Current Liabilities 355 __________ Other: Deferred income taxes (46) __________ Total Other (46) __________ TOTAL LIABILITIES $ 2,629 ==========
A.14 KOGAF Enterprises, Inc. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 256 __________ Total 256 __________ Operating Expenses and Taxes: Administrative and general expenses 120 Depreciation expense 6 Tax expense 5 __________ Total 131 __________ Income (Loss) Before Subsidiaries 125 __________ Subsidiary Gain (Loss) 63 __________ Net Income (Loss) $ 188 ==========
A.14 KOGAF ENTERPRISES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 29 Net Income 188 __________ Balance at End of Year $ 217 ==========
A.15 METALS TECHNOLOGY CORPORATION BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 547 Other accounts receivable 462 Material and supplies at average cost 400 __________ Total Current Assets 1,409 __________ Other Property and Investments: Other property at cost less depreciation 441 __________ Total Other Property and Investments 441 __________ TOTAL ASSETS $ 1,850 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 310 Additional paid-in-capital 1 Retained earnings 1,116 Retained earnings - current year 92 Less - cost of treasury shares (212) Long term debt - other 98 __________ Total Capitalization 1,405 __________ Current Liabilities: Other current liabilities 10 Total accounts payable 224 Taxes accrued 154 Other accruals 57 __________ Total Current Liabilities 445 __________ TOTAL LIABILITIES $ 1,850 ==========
A.15 METALS TECHNOLOGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 147 __________ Total 147 __________ Operating Expenses and Taxes: Tax expense 55 __________ Total 55 __________ Net Income (Loss) $ 92 ==========
A.15 METALS TECHNOLOGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 1,115 Net Income 92 __________ Balance at End of Year $ 1,207 ==========
A.16 NDC DOUGLAS PROPERTIES, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 39 Notes receivable 63 Other accounts receivable 2 Accounts receivable - associated companies 936 __________ Total Current Assets 1,040 __________ Other Property and Investments: Investments at equity 12,836 __________ Total Other Property and Investments 12,836 __________ TOTAL ASSETS $ 13,876 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (11) Retained earnings - current year (314) Long term debt excluding amounts due 11,264 __________ Total Capitalization 10,940 __________ Current Liabilities: Total accounts payable 21 Interest accrued 234 Notes payable to associated companies 1,647 Other accruals 1,013 __________ Total Current Liabilities 2,915 __________ Other: Deferred income taxes 11 Deferred credits 10 __________ Total Other 21 __________ TOTAL LIABILITIES $ 13,876 ==========
A.16 NDC DOUGLAS PROPERTIES, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ (1,162) __________ Total (1,162) __________ Operating Expenses and Taxes: Administrative and general expenses 90 Taxes other than income 1 Interest expense 351 Tax expense (1,290) __________ Total (848) __________ Net Income (Loss) $ (314) ==========
A.16 NDC DOUGLAS PROPERTIES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (11) Net Income (314) __________ Balance at End of Year $ (325) ==========
A.17 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1 __________ Total Current Assets 1 __________ TOTAL ASSETS $ 1 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (1) __________ Total Capitalization 0 __________ Current Liabilities: Notes payable to associated companies 1 __________ Total Current Liabilities 1 __________ TOTAL LIABILITIES $ 1 ==========
A.17 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) (No Activity) $ 0 ==========
A.17 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (1) Net Income 0 __________ Balance at End of Year $ (1) ==========
A.18 NIPSCO SECURITY SERVICES, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 3 Other accounts receivable 118 Accounts receivable - associated companies 184 Material and supplies at average cost 62 Prepayments 4 __________ Total Current Assets 371 __________ Other Property and Investments: Other property at cost less depreciation 12 __________ Total Other Property and Investments 12 __________ TOTAL ASSETS $ 383 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 54 Retained earnings (10) Retained earnings - current year (286) __________ Total Capitalization (241) __________ Current Liabilities: Total accounts payable 51 Customer deposits 12 Taxes accrued 1 Notes payable to associated companies 538 Taxes withheld payables 2 __________ Total Current Liabilities 604 __________ Other: Deferred income taxes (1) Deferred credits 21 __________ Total Other 20 __________ TOTAL LIABILITIES $ 383 ==========
A.18 NIPSCO SECURITY SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 282 __________ Total 282 __________ Operating Expenses and Taxes: Operating expenses 150 Administrative and general expenses 560 Taxes other than income 24 Depreciation expense 1 Interest expense 19 Tax expense (185) __________ Total 569 __________ Net Income (Loss) $ (287) ==========
A.18 NIPSCO SECURITY SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (10) Net Income (287) __________ Balance at End of Year $ (297) ==========
A.19 PROCESS AND CONTROL TECHNOLOGY CORPORATION BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Other Assets: Deferred charges and other $ 1,184 __________ Total Other Assets 1,184 __________ TOTAL ASSETS $ 1,184 ========== CAPITALIZATION AND LIABILITIES Capitalization: Additional paid-in-capital $ 800 Retained earnings (755) __________ Total Capitalization 45 __________ Current Liabilities: Total accounts payable 1,118 Other accruals 21 __________ Total Current Liabilities 1,139 __________ TOTAL LIABILITIES $ 1,184 ==========
A.19 PROCESS AND CONTROL TECHNOLOGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) (No Activity) $ 0 ==========
A.19 PROCESS AND CONTROL TECHNOLOGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (755) Net Income 0 __________ Balance at End of Year $ (755) ==========
A.20 RIVERSIDE CALORIC COMPANY BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1 Accounts receivable - associated companies 39 __________ Total Current Assets 40 __________ Other Property and Investments: Investments at equity 2,000 __________ Total Other Property and Investments 2,000 __________ TOTAL ASSETS $ 2,040 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings - current year (73) __________ Total Capitalization (72) __________ Current Liabilities: Total accounts payable 15 Taxes accrued (9) Notes payable to associated companies 2,104 __________ Total Current Liabilities 2,110 __________ Other: Deferred credits 2 __________ Total Other 2 __________ TOTAL LIABILITIES $ 2,040 ==========
A.20 RIVERSIDE CALORIC COMPANY INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Expenses and Taxes: Administrative and general expenses $ 17 Interest expense 104 Tax expense (48) __________ Total 73 __________ Net Income (Loss) $ (73) ==========
A.20 RIVERSIDE CALORIC COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 0 Net Income (73) __________ Balance at End of Year $ (73) ==========
A.21 RIC, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 7 Other accounts receivable 14 Accounts receivable - associated companies 225 __________ Total Current Assets 246 __________ Other Property and Investments: Other property at cost less depreciation 14 Investments at equity (27) __________ Total Other Property and Investments (13) __________ Other Assets: Deferred charges and other 20 __________ Total Other Assets 20 __________ TOTAL ASSETS $ 253 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 350 Retained earnings (2,680) Retained earnings - current year (493) __________ Total Capitalization (2,822) __________ Current Liabilities: Total accounts payable 67 Customer deposits 1 Notes payable to associated companies 2,875 __________ Total Current Liabilities 2,943 __________ Other: Deferred income taxes 121 Deferred credits 11 __________ Total Other 132 __________ TOTAL LIABILITIES $ 253 ==========
A.21 RIC, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 6 __________ Total 6 __________ Operating Expenses and Taxes: Operating expenses 129 Administrative and general expenses 145 Taxes other than income 9 Depreciation expense 1 Interest expense 219 Tax expense (51) __________ Total 452 __________ Income (Loss) Before Subsidiaries (446) __________ Subsidiary Gain (Loss) (46) __________ Net Income (Loss) $ (492) ==========
A.21 RIC, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (2,680) Net Income (492) __________ Balance at End of Year $ (3,172) ==========
A.22 CARDINAL PROPERTY MANAGEMENT, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 43 Accounts receivable - associated companies 70 __________ Total Current Assets 113 __________ Other Property and Investments: Other property at cost less depreciation 24 __________ Total Other Property and Investments 24 __________ Other Assets: Deferred charges and other 2 __________ Total Other Assets 2 __________ TOTAL ASSETS $ 139 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 18 Retained earnings - current year (46) __________ Total Capitalization (27) __________ Current Liabilities: Total accounts payable 57 Notes payable to associated companies 44 __________ Total Current Liabilities 101 __________ Other: Deferred income taxes 3 Deferred credits 62 __________ Total Other 65 __________ TOTAL LIABILITIES $ 139 ==========
A.22 CARDINAL PROPERTY MANAGEMENT, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 518 __________ Total 518 __________ Operating Expenses and Taxes: Administrative and general expenses 568 Taxes other than income 15 Depreciation expense 4 Interest expense 1 Tax expense (24) __________ Total 564 __________ Net Income (Loss) $ (46) ==========
A.22 CARDINAL PROPERTY MANAGEMENT, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 19 Net Income (46) __________ Balance at End of Year $ (27) ==========
A.23 NIPSCO ENERGY SERVICES, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 55 Other accounts receivable 25 Accounts receivable - associated companies 6,262 __________ Total Current Assets 6,342 __________ Other Property and Investments: Other property at cost less depreciation 51 Investments at equity 8,527 __________ Total Other Property and Investments 8,578 __________ TOTAL ASSETS $ 14,920 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 848 Retained earnings - current year (169) __________ Total Capitalization 680 __________ Current Liabilities: Total accounts payable 5,777 Notes payable to associated companies 8,412 Taxes withheld payables (1) __________ Total Current Liabilities 14,188 __________ Other: Deferred credits 52 __________ Total Other 52 __________ TOTAL LIABILITIES $ 14,920 ==========
A.23 NIPSCO ENERGY SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ (17) __________ Total (17) __________ Operating Expenses and Taxes: Administrative and general expenses 780 Taxes other than income 11 Interest expense 280 Tax expense (379) __________ Total 692 __________ Income (Loss) Before Subsidiaries (709) __________ Subsidiary Gain (Loss) 540 __________ Net Income (Loss) $ (169) ==========
A.23 NIPSCO ENERGY SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 848 Net Income (169) __________ Balance at End of Year $ 679 ==========
A.24 CROSSROADS PIPELINE COMPANY BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Utility Plant: Plant $ 26,320 Less - accumulated provision for depreciation and amortization (475) __________ Total Utility Plant 25,845 __________ Current Assets: Cash and cash equivalents 28 Accounts receivable, less reserve 1,349 Material and supplies at average cost 44 Prepayments and other 106 __________ Total Current Assets 1,527 __________ TOTAL ASSETS $ 27,372 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (109) Retained earnings - current year (1,056) __________ Total Capitalization (1,164) Current Liabilities: Total accounts payable 1,114 Taxes accrued 383 Notes payable to associated companies 26,844 __________ Total Current Liabilities 28,341 __________ Other: Deferred income taxes 106 Deferred credits 89 __________ Total Other 195 __________ TOTAL LIABILITIES $ 27,372 ==========
A.24 CROSSROADS PIPELINE COMPANY INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Gas $ 1,770 Other income 1 __________ Total 1,771 __________ Operating Expenses and Taxes: Operation expenses 801 Administrative and general expenses 951 Taxes other than income 184 Interest expense 1,542 Tax expense (651) __________ Total 2,827 __________ Net Income (Loss) $ (1,056) ==========
A.24 CROSSROADS PIPELINE COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (109) Net Income (1,056) __________ Balance at End of Year $ (1,165) ==========
A.25 NIPSCO ENERGY TRADING CORP. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 3,822 Other accounts receivable 4,456 Reserve - customer accounts (465) Accounts receivable - associated companies 1,105 __________ Total Current Assets 8,918 __________ Other Property and Investments: Other property at cost less depreciation 89 __________ Total Other Property and Investments 89 __________ TOTAL ASSETS $ 9,007 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 4,044 Retained earnings - current year 438 __________ Total Capitalization 4,483 __________ Current Liabilities: Total accounts payable 4,759 __________ Total Current Liabilities 4,759 __________ Other: Deferred income taxes (300) Deferred credits 65 __________ Total Other (235) __________ TOTAL LIABILITIES $ 9,007 ==========
A.25 NIPSCO Energy Trading Corp. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 1,014 Other income 207 __________ Total 1,221 __________ Operating Expenses and Taxes: Administrative and general expenses 514 Taxes other than income 18 Depreciation expense 12 Tax expense 239 __________ Total 783 __________ Net Income (Loss) $ 438 ==========
A.25 NIPSCO ENERGY TRADING CORP. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 4,044 Net Income 438 __________ Balance at End of Year $ 4,482 ==========
A.26 NIPSCO FUEL COMPANY, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 175 Accounts receivable - associated companies 1,814 Prepayments 25 __________ Total Current Assets 2,014 __________ Other Property and Investments: Other property at cost less depreciation 37,558 Investments at equity 477 Investments at cost 1,000 __________ Total Other Property and Investments 39,035 __________ Other Assets: Deferred charges and other 435 __________ Total Other Assets 435 __________ TOTAL OTHER ASSETS $ 41,484 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (5,291) Retained earnings - current year (2,471) __________ Total Capitalization (7,761) __________ Current Liabilities: Total accounts payable 1,933 Notes payable to associated companies 40,818 __________ Total Current Liabilities 42,751 __________ Other: Deferred income taxes 6,483 Deferred credits 11 __________ Total Other 6,494 __________ TOTAL LIABILITIES $ 41,484 ==========
A.26 NIPSCO FUEL COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 4,571 Other income 14 __________ Total 4,585 __________ Operating Expenses and Taxes: Operating expenses 1,763 Administrative and general expenses 446 Taxes other than income 2 Amortization and depletion 3,606 Interest expense 2,691 Tax expense (1,426) __________ Total 7,082 __________ Income (Loss) Before Subsidiaries (2,497) __________ Subsidiary Gain (Loss) 26 __________ Net Income (Loss) $ (2,471) ==========
A.26 NIPSCO FUEL COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (5,291) Net Income (2,471) __________ Balance at End of Year $ (7,762) ==========
A.27 NFCO ACQUISITION COMPANY BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 68 Other accounts receivable 23 Material and supplies at average cost 2 __________ Total Current Assets 93 __________ Other Property and Investments: Other property at cost less depreciation 429 __________ Total Other Property and Investments 429 __________ TOTAL ASSETS $ 522 ========== CAPITALIZATION AND LIABILITIES Capitalization: Additional paid-in-capital $ 451 Retained earnings - current year 26 __________ Total Capitalization 477 __________ Current Liabilities: Total accounts payable 45 __________ Total Current Liabilities 45 __________ TOTAL LIABILITIES $ 522 ==========
A.27 NFCO ACQUISITION COMPANY INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 177 __________ Total 177 __________ Operating Expenses and Taxes: Operating expenses 105 Administrative and general expense 1 Amortization and depletion 29 Tax expense 16 __________ Total 151 __________ Net Income (Loss) $ 26 ==========
A.27 NFCO ACQUISITION COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 0 Net Income 26 __________ Balance at End of Year $ 26 ==========
A.28 NI-TEX, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 3,534 Other accounts receivable 1 Accounts receivable - associated companies 5,402 Natural gas in storage, at LIFO cost 530 Prepayments 23 __________ Total Current Assets 9,490 __________ Other Property and Investments: Investments at equity 5,219 __________ Total Other Property and Investments 5,219 __________ Other Assets: Deferred charges and other 40 __________ Total Other Assets 40 __________ TOTAL ASSETS $ 14,749 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 2,269 Retained earnings - current year 3,546 __________ Total Capitalization 5,816 __________ Current Liabilities: Total accounts payable 8,234 Taxes accrued 327 __________ Total Current Liabilities 8,561 __________ Other: Deferred income taxes 350 Deferred credits 22 __________ Total Other 372 __________ TOTAL LIABILITIES $ 14,749 ==========
A.28 NI-TEX, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 69,423 Other income 93 __________ Total 69,516 __________ Operating Expenses and Taxes: Operating expenses 63,352 Administrative and general expenses 145 Taxes other than income 33 Interest expense 254 Tax expense 2,186 __________ Total 65,970 __________ Net Income (Loss) $ 3,546 ==========
A.28 NI-TEX, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 2,268 Net Income 3,546 __________ Balance at End of Year $ 5,814 ==========
A.29 TRIUMPH NATURAL GAS, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.29 TRIUMPH NATURAL GAS, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) (No Activity) $ 0 ==========
A.29 TRIUMPH NATURAL GAS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.30 NORTHERN INDIANA FUEL & LIGHT COMPANY, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Utility Plant: Utility Plant $ 57,900 Less - accumulated provision for depreciation (14,507) __________ Total Utility Plant 43,393 __________ Other Property and Investments: Investments at equity 573 Investments at cost 3 __________ Total Other Property and Investments 576 __________ Current Assets: Cash and cash equivalents 130 Accounts receivable, less reserve 2,641 Gas adjustment clause (311) Material and supplies at average cost 529 Natural gas in storage, at LIFO cost 2,529 Prepayments and other 21 __________ Total Current Assets 5,539 __________ Other Assets: Regulatory assets 473 Deferred charges and other 1,071 __________ Total Other Assets 1,544 __________ TOTAL ASSETS $ 51,052 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 30,674 Additional paid-in-capital 7,294 Retained earnings 2,600 __________ Total Capitalization 40,568 __________ Current Liabilities: Total accounts payable 2,468 Customer deposits 150 Taxes accrued (279) Interest accrued 34 Other accruals 2,217 __________ Total Current Liabilities 4,590 __________ Other: Deferred income taxes 1,845 Deferred income tax credits amortized 606 Deferred credits 1,113 Regulatory income tax liability 2,330 __________ Total Other 5,894 __________ TOTAL LIABILITIES $ 51,052 ==========
A.30 NORTHERN INDIANA FUEL & LIGHT COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Gas $ 28,381 Other income (386) __________ Total 27,995 __________ Operating Expenses and Taxes: Gas costs 17,680 Operation expenses 2,926 Administrative and general expenses 4,371 Taxes other than income 661 Interest expense 502 Tax expense 787 __________ Total 26,927 __________ Subsidiary Gain (Loss) 143 __________ Net Income (Loss) $ 1,211 ==========
A.30 NORTHERN INDIANA FUEL & LIGHT COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 1,389 Net Income 1,211 __________ Balance at End of Year $ 2,600 ==========
A.31 NORTHERN INDIANA TRADING COMPANY BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 24 Other accounts receivable 1,048 Accounts receivable - associated companies 100 __________ Total Current Assets 1,172 __________ Other Property and Investments: Other property at cost less depreciation 422 __________ Total Other Property and Investments 422 __________ TOTAL ASSETS $ 1,594 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 429 Retained earnings - current year 143 __________ Total Capitalization 573 __________ Current Liabilities: Total accounts payable 883 Taxes accrued 100 Refunds due customers within one year 1 __________ Total Current Liabilities 984 __________ Other: Deferred income taxes 37 __________ Total Other 37 __________ TOTAL LIABILITIES $ 1,594 ==========
A.31 NORTHERN INDIANA TRADING COMPANY INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Other income $ 220 __________ Total 220 __________ Operating Expenses and Taxes: Tax expense 77 __________ Total 77 __________ Net Income (Loss) $ 143 ==========
A.31 NORTHERN INDIANA TRADING COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 429 Net Income 143 __________ Balance at End of Year $ 572 ==========
A.32 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Utility Plant, At 0riginal Cost (Including Construction Work in Progress of $215,395: Electric $3,858,118 Gas 1,107,075 Common 316,120 __________ 5,281,313 Less - accumulated provision for depreciation and amortization 2,162,828 __________ Total Utility Plant 3,118,485 __________ Other Property and Investments 10,155 __________ Current Assets: Cash and cash equivalents 20,994 Accounts receivable, less reserve of $3,955 80,977 Fuel adjustment clause 1,614 Gas cost adjustment clause 27,844 Materials and supplies at average cost 63,835 Electric production fuel, at average cost 18,347 Natural gas in storage, at last-in, first-out cost 72,462 Prepayments and other 10,169 __________ Total Current Assets 296,242 __________ Other Assets: Regulatory assets 194,809 Deferred charges and other 4,620 __________ Total Other Assets 199,429 __________ TOTAL ASSETS $3,624,311 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shareholder's equity $1,016,680 Preferred stocks - Series without mandatory redemption provisions 86,389 Series with mandatory redemption provisions 66,057 Long-term debt 1,065,351 __________ Total Capitalization 2,234,477 __________ Current Liabilities: Obligations due within one year - Commercial paper 156,500 First mortgage bonds - Series N, 4-5/8% - due May 15, 1995 22,436 Notes payable - Issued at interest rates between 6.00% and 6.33% with a weighted average interest rate of 6.15% and various maturities between January 4, 1995 and February 14, 1995 92,700 __________ 271,636 __________ Other Current Liabilities - Accounts payable 142,018 Sinking funds due within one year 2,578 Dividends declared on common and preferred stocks 44,758 Customer deposits 8,678 Taxes accrued 55,349 Interest accrued 10,043 Other accruals 43,154 __________ 306,578 __________ Total Current Liabilities 578,214 __________ Other: Deferred income taxes 569,298 Deferred investment tax credits, being amortized over life of related property 121,822 Deferred credits 41,758 Regulatory income tax liability 14,625 Other noncurrent liabilities 64,117 __________ Total Other 811,620 __________ TOTAL CAPITALIZATION AND LIABILITIES $3,624,311 ========== CONSOLIDATED STATEMENT OF CAPITALIZATION For the Year Ended December 31, 1994 (Dollars in Thousands) Common Shareholder's Equity: Common shares - without par value - authorized 75,000,000 shares - issued and outstanding 73,282,258 shares $ 859,488 Additional paid-in capital 11,903 Retained earnings 145,289 __________ Total Common Shareholder's Equity 1,016,680 __________ Preferred Stocks, Which Are Redeemable Solely at Option of Northern Indiana Public Service Company: Cumulative preferred stock - $100 par value - 4-1/4% series - 211,266 shares outstanding 21,127 4-1/2% series - 79,996 shares outstanding 8,000 4.22% series - 106,200 shares outstanding 10,620 4.88% series - 100,000 shares outstanding 10,000 7.44% series - 41,900 shares outstanding 4,190 7.50% series - 34,842 shares outstanding 3,484 Premium on preferred stock 254 Cumulative preferred stock - no par value Adjustable Rate (6.00% at December 31, 1994) - Series A (stated value - $50 per share), 574,285 shares outstanding 28,714 __________ 86,389 __________ Redeemable Preferred Stocks, subject to mandatory redemption requirements or whose redemption is outside the control of Northern Indiana Public Service Company: Cumulative preferred stock - $100 par value - 8.85% series - 100,000 shares outstanding 10,000 7-3/4% series - 55,568 shares outstanding 5,557 8.35% series - 75,000 shares outstanding 7,500 Cumulative preferred stock - no par value - 6.50% series - 430,000 shares outstanding 43,000 __________ 66,057 __________ Long-term Debt 1,065,351 __________ TOTAL CAPITALIZATION $2,234,477 ========== CONSOLIDATED STATEMENT OF LONG-TERM DEBT For the Year Ended December 31, 1994 (Dollars in Thousands) First Mortgage Bonds - Series O, 6-3/8% - due September 1, 1997 $ 25,747 Series P, 6-7/8% - due October 1, 1998 14,509 Series T, 7-1/2% - due April 1, 2002 40,543 Series U, 8-1/8% - due July 15, 2003 55,239 Series Z, 8-1/8% - due August 15, 2007 39,569 Series NN, 7.10% - due July 1, 2017 55,000 __________ 230,607 __________ Pollution Control Notes and Bonds - Series A note - City of Michigan City - 5.70% due October 1, 2003 20,750 Series 1988 bonds - Jasper County - Series A, B, and C, 3.68% weighted average at December 31, 1994, due November 1, 2016 130,000 Series 1988 bonds - Jasper County - Series D, 3.90% weighted average at December 31, 1994, due November 1, 2007 24,000 Series 1994 bonds - Jasper County - Series A, 6.15% at December 31, 1994, due August 1, 2010 10,000 Series 1994 bonds - Jasper County - Series B, 6.15% at December 31, 1994, due June 1, 2013 18,000 Series 1994 bonds - Jasper County - Series C, 6.15 at December 31, 1994, due April 1, 2019 41,000 __________ 243,750 __________ Medium-term Notes - Issued at interest rates between 4.94% and 7.64%, with a weighted average interest rate of 6.47% with various maturities between July 25, 1996 and January 19, 2024 594,750 __________ Unamortized premium and discount on long-term debt, net (3,756) __________ TOTAL LONG-TERM DEBT, EXCLUDING AMOUNTS DUE WITHIN ONE YEAR $1,065,351 ==========
A.32 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED STATEMENT OF INCOME For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Gas $ 619,503 Electric 994,492 __________ 1,613,995 __________ Cost of Energy: Gas costs 365,811 Fuel for electric generation 247,134 Power purchased 32,503 __________ 645,448 __________ Operating Margin 968,547 __________ Operating Expenses and Taxes (except income): Operation 275,514 Maintenance 78,872 Depreciation and amortization 191,426 Taxes (except income) 70,417 __________ 616,229 __________ Operating Income Before Utility Income Taxes 352,318 __________ Utility Income Taxes 96,257 __________ Operating Income 256,061 __________ Other Income (Deductions): Other, net 3,726 __________ Income Before Interest Charges 259,787 __________ Interest Charges: Interest on long-term debt 70,771 Other interest 9,550 Allowance for borrowed funds used during construction and carrying charges (4,034) Amortization of premium, reacquisition premium, discount, and expense on debt, net 3,597 __________ 79,884 __________ Net Income 179,903 Dividend Requirements on Preferred Stocks 9,913 __________ Balance Availabie for Common Shares $ 169,990 ========== Common Dividends Declared $ 168,815 ==========
A.32 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 144,114 Add: Net Income 179,903 Deduct: Dividends on cumulative preferred shares 9,913 Common share dividends 168,815 __________ Balance at End of Year $ 145,289 ==========
A.33 NIPSCO EXPLORATION COMPANY, INC. BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 814 Accounts receivable - associated companies 2,293 __________ Total Current Assets 3,107 __________ TOTAL ASSETS $ 3,107 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1,400 Retained earnings 104 Retained earnings - current year 1,125 __________ Total Capitalization 2,629 __________ Current Liabilities: Total accounts payable 737 __________ Total Current Liabilities 737 __________ Other: Deferred income taxes (259) __________ Total Other (259) __________ TOTAL LIABILITIES $ 3,107 ==========
A.33 NIPSCO EXPLORATION COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 352 Other income 1,513 __________ Total 1,865 __________ Operating Expenses and Taxes: Operating expenses 4 Taxes other than income 574 Interest expense 54 Tax expense 108 __________ Total 740 __________ Net Income (Loss) $ 1,125 ==========
A.33 NIPSCO EXPLORATION COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ 104 Net Income 1,125 __________ Balance at End of Year $ 1,229 ==========
A.34 SHORE LINE SHOPS, INCORPORATED BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 87 Accounts receivable - associated companies 553 __________ Total Current Assets 640 __________ Other Property and Investments: Other property at cost less depreciation 16 Investments at cost 783 __________ Total Other Property and Investments 799 __________ TOTAL ASSETS $ 1,439 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 74 Retained earnings (1,957) Retained earnings - current year (2) __________ Total Capitalization (1,885) __________ Current Liabilities: Total accounts payable 2,549 Taxes accrued 18 Notes payable to associated companies 1,035 __________ Total Current Liabilities 3,602 __________ Other: Deferred income taxes (278) __________ Total Other (278) __________ TOTAL LIABILITIES $ 1,439 ==========
A.34 SHORE LINE SHOPS, INCORPORATED INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) Operating Revenues: Total operating revenue $ (45) __________ Total (45) __________ Operating Expenses and Taxes: Administrative and general expenses 11 Taxes other than income 12 Interest expense 46 Tax expense (112) __________ Total (43) __________ Net Income (Loss) $ (2) ==========
A.34 SHORE LINE SHOPS, INCORPORATED STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) Balance at Beginning of Year $ (1,957) Net Income (2) __________ Balance at End of Year $ (1,959) ==========
A.35 NORTH LAKE ENERGY CORPORATION BALANCE SHEET December 31, 1994 (Dollars in Thousands) ASSETS Other Property and Investments: Other property at cost less depreciation $ 154 __________ Total Other Property and Investments 154 __________ TOTAL ASSETS $ 154 ========== CAPITALIZATION AND LIABILITIES Current Liabilities: Total accounts payable $ 154 __________ Total Current Liabilities 154 __________ TOTAL LIABILITIES $ 154 ==========
A.35 NORTH LAKE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1994 (Dollars in Thousands) (No Activity) $ 0 ==========
A.35 NORTH LAKE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1994 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
EX-99.B 4 EX-99.B NIPSCO Industries, Inc. The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on the 28th day of February, 1995. NIPSCO Industries, Inc. By /s/ Jerry M. Springer _________________________ Corporate Seal Jerry M. Springer Attest: Controller Nina M. Rausch Secretary Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: Jerry M. Springer Controller NIPSCO Industries, Inc. 5265 Hohman Avenue Hammond, Indiana 46320 -----END PRIVACY-ENHANCED MESSAGE-----