-----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, QJ00QkwrMukfQiWkDQDcXf1G5fy4+tJf0LlGex0rNAYkKHnu1FbPuEmSIeFvn6VE eGqCpvif1qiKqTpcLDGDWQ== 0000823392-96-000001.txt : 19960229 0000823392-96-000001.hdr.sgml : 19960229 ACCESSION NUMBER: 0000823392-96-000001 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960228 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: 96527056 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. Information below is as of December 31, 1995.
State of Nature of Name of Company Organization Location Business ====================== ============= ================= ============== NIPSCO Industries, Inc. Indiana Hammond, Indiana Holding company Crossroads Pipeline Indiana Hammond, Indiana Interstate Company gas transmission 801 East Corp. Indiana Merrillville, Management Indiana services Hamilton Harbour Indiana Hammond, Indiana Captive Insurance Services, insurance Ltd. 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 FuelMaker Corporation (10) Canada Toronto, Canada Vehicle fueling G. R. Clark Corporation Indiana Hobart, Indiana Design of (2) pollution control systems Green Fuels, Inc. (2) Indiana Merrillville, Alternative Indiana fuels Harbor Coal Company (2) Indiana Hammond, Indiana Coal pulverization joint venture International Polymer Indiana Merrillville, Bonding Corp. (2) Indiana technology JOF Transportation Indiana Hammond, Indiana Rail freight Company (2) joint-venture KOGAF Enterprises, Inc. Indiana Kokomo, Indiana Real estate (2) investments Lake Erie Land Company Indiana Hammond, Indiana Development (2) of commercial and residen- tial real estate SCC Services, Inc. (3) Indiana Hammond, Indiana Operation of golf course N Squared Aviation, Delaware Griffith, Aircraft L.L.C. (11) Indiana leasing NDC Douglas Properties, Indiana Hammond, Indiana Affordable Inc. (2) housing projects NIPSCO International Indiana Hammond, Indiana Investing in Power Systems Company (2) overseas power generation NIPSCO Security Services, Indiana Hammond, Indiana Security Inc. (2) services Portside Energy Indiana Merrillville, Power Corporation (2) Indiana generation Process and Control Indiana Hobart, Indiana Design of Technology Corporation pollution (2) control systems RIC, Inc. (2) Indiana Hammond, Indiana Real estate investing and management Cardinal Property Indiana Hammond, Indiana Building and Management, Inc. (4) property management Riverside Caloric Company Indiana Hammond, Indiana Tire-derived (2) fuel processing facilities NIPSCO Energy Services, Indiana Hammond, Indiana Supervises Inc. energy- related diversified projects Inventory Management and Texas Houston, Texas Energy risk Distribution Company, management L.L.C. (12) and gas storage optimization NESI Energy Marketing, Indiana Merrillville, Marketing L.L.C. (7) Indiana electric and natural gas energy and energy services NIPSCO Energy Trading Indiana Hammond, Indiana Gas and other Corp. (5) energy brokering businesses NIPSCO Fuel Company, Indiana Hammond, Indiana Investments Inc. (5) in gas and oil ventures NFCO Acquisition Company Texas Dallas, Texas Investment in (6) gas and oil properties NI-TEX, Inc. (5) Indiana Hammond, Indiana Gas supply and transpor- tation Southlake Energy, Inc. Alberta Calgary, Alberta Development (6) and invest- ment gas and oil properties in western Canada Triumph Natural Gas, Inc. Delaware Dallas, Texas Gas supply (7) and brokering North Lake Energy Indiana Merrillville, Electric Corporation Indiana generation project Northern Indiana Fuel and Indiana Auburn, Indiana Gas utility Light Company, Inc. Northern Indiana Trading Indiana Auburn, Indiana Gas brokering Company (8) Northern Indiana Public Indiana Hammond, Indiana Electric and Service Company gas utility NIPSCO ESP Services Indiana Merrillville, Service Corporation (9) Indiana maintenance agreements on furnaces and water heaters NIPSCO Exploration Company, Indiana Hammond, Indiana Gas Inc. (9) exploration investment in off-shore Gulf of Mexico oil and gas leases Shore Line Shops, Indiana Hammond, Indiana Real estate Incorporated (9) purchase and sale of transferred employees residences Primary Energy, Inc. Indiana Hammond, Indiana Arranges energy- related projects (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) Wholly-owned subsidiary of RIC, Inc. (5) Wholly-owned subsidiary of NIPSCO Energy Services, Inc. (6) Wholly-owned subsidiary of NIPSCO Fuel Company, Inc. (7) Majority-owned subsidiary of NIPSCO Energy Services, Inc. (8) Wholly-owned subsidiary of Northern Indiana Fuel and Light Company, Inc. (9) Wholly-owned subsidiary of Northern Indiana Public Service Company. (10) 50% owned subsidiary of NIPSCO Development Company, Inc. (11) Minority-owned investment of NIPSCO Development Company, Inc. (12) Minority-owned interest of NIPSCO Energy Services, Inc.
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 interstate pipeline running from northwest Indiana to Cygnet, Ohio. 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; commercial real estate joint ventures, half-owned by KOGAF Enterprises, located in Kokomo, Indiana; and interests in oil and gas producing properties in United States and Canada owned by NIPSCO Fuel Company, Inc. 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, 1995, served approximately 636,600 customers with gas and approximately 403,900 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 22,839,200 KVA. Its transmission system with voltages from 34,500 to 345,000 consists of approximately 3,047 circuit miles of line. The electric distribution system extends into 21 counties and consists of approximately 7,682 circuit miles of overhead and approximately 1,265 cable miles of underground primary distribution lines operating at various voltages from 2,400 to 12,500 volts. GAS. In 1995, all of the gas supplied by Northern Indiana 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), ANR Pipeline Company (ANR), Tennessee Gas Pipeline Company (Tennessee) and Crossroads Pipeline Company (Crossroads). Approximately 32% of Northern Indiana's 1995 gas supply was purchased from the spot market and generally on a 30-day agreement. The transportation rates of Crossroads, and the transportation and storage rates of Natural, Midwestern, Panhandle, Trunkline, ANR and Tennessee to Northern Indiana are subject to change in accordance with rate proceedings filed with the Federal Energy Regulatory Commission (FERC). 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 12,976 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 32,200 customers at December 31, 1995. 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 1995. 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 727 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 31,100 customers at December 31, 1995. 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 1995. NIFL has approximately 765 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. In May 1995, Crossroads was approved by the FERC an interstate pipeline. 3. The following information for the year 1995 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 16,924,352,854 275,843,476 Kokomo Gas and Fuel Company NONE 8,232,810 Northern Indiana Fuel and Light Company, Inc. NONE 9,517,483
Electric Sales Gas Sales Company (Kwh) (Mcf) =============================== =============== ============= Northern Indiana Public Service Company 567,242,000 664,673 Kokomo Gas and Fuel Company NONE NONE Northern Indiana Fuel and Light Company, Inc. NONE NONE
(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 1,697,590,000 NONE Kokomo Gas and Fuel Company NONE NONE Northern Indiana Fuel and Light Company, Inc. NONE NONE
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 1995 thousands) ====================================== ============ Capitalization at December 31, 1995: Shareholders' equity $12,126 Long-term debt 39,070 _______ Total $51,196 ======= Net (loss) $(5,651) =======
(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 invoicing quarterly in arrears. During 1995, Development earned $385,244 for these services. 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, 1995, and is qualified in its entirety by reference to such financial statements. 1,000 12-MOS DEC-31-1995 JAN-01-1995 DEC-31-1995 PER-BOOK 3,999,520 1,722,325 175,465
EX-99.A 3 Exhibit 99.A (EXHIBIT A) December 31, 1995 ORGANIZATION CHART A.1 NIPSCO Industries, Inc. A.2 Crossroads Pipeline Company A.3 801 East Corp. INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.4 Hamilton Harbour Insurance Services, Ltd. A.5 Kokomo Gas and Fuel Company A.6 Lakeside Energy Corporation INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.7 NIPSCO Capital Markets, Inc. A.8 NIPSCO Development Company, Inc. A.9 Analytic Systems Laboratories, Inc. A.10 FuelMaker Corporation BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.11 G.R. Clark Corporation A.12 Green Fuels, Inc. A.13 Harbor Coal Company A.14 International Polymer Corp. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.15 JOF Transportation Company A.16 KOGAF Enterprises, Inc. A.17 Lake Erie Land Company A.18 SCC Services, Inc. A.19 N Squared Aviation, L.L.C. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.20 NDC Douglas Properties, Inc. A.21 NIPSCO International Power Systems Company INCOME STATEMENT (No Activity) A.22 NIPSCO Security Services, Inc. A.23 Portside Energy Corporation INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.24 Process and Control Technology Corporation INCOME STATEMENT (No Activity) A.25 RIC, Inc. A.26 Cardinal Property Management, Inc. A.27 Riverside Caloric Company A.28 NIPSCO Energy Services, Inc. A.29 Inventory Management and Distribution Company, L.L.C. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.30 NESI Energy Marketing, L.L.C. A.31 NIPSCO Energy Trading Corp. A.32 NIPSCO Fuel Company, Inc. A.33 NFCO Acquisition Company A.34 Southlake Energy, Inc. A.35 NI-TEX, Inc. A.36 Triumph Natural Gas, Inc. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.37 North Lake Energy Corporation INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.38 Northern Indiana Fuel and Light Company, Inc. A.39 Northern Indiana Trading Company A.40 Northern Indiana Public Service Company A.41 NIPSCO ESP Services Corporation BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts) A.42 NIPSCO Exploration Company, Inc. A.43 Shore Line Shops, Incorporated A.44 Primary Energy, Inc. BALANCE SHEET (None - Zero Amounts) INCOME STATEMENT (No Activity) STATEMENT OF RETAINED EARNINGS (None - Zero Amounts)
A.1 NIPSCO INDUSTRIES, INC. CONSOLIDATED BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Utility Plant, At Original Cost (including construction work in progress of $145,129): Electric $3,935,103 Gas 1,301,687 Common 350,168 __________ 5,586,958 Less-Accumulated provision for depreciation and amortization 2,373,694 __________ Total Utility Plant 3,213,264 __________ Other Property and Investments: Other property, at cost, less accumulated provision for depreciation 136,006 Investments, at equity 47,565 Investments, at cost 22,899 Other investments 17,315 __________ Total Other Property and Investments 223,785 __________ Current Assets: Cash and cash equivalents 28,496 Accounts receivable, less reserve of $7,264 120,404 Fuel adjustment clause 10,301 Gas cost adjustment clause 1,423 Materials and supplies, at average cost 65,044 Electric production fuel, at average cost 14,258 Natural gas in storage 60,884 Payments and other 15,771 __________ Total Current Assets 316,581 __________ Other Assets: Regulatory assets 212,491 Deferred charges and other non-current assets 33,399 __________ Total Other Assets 245,890 __________ TOTAL ASSETS $3,999,520 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shareholders' equity $1,122,215 Preferred stocks - Northern Indiana Public Service Company: Series without mandatory redemption provisions 81,325 Series with mandatory redemption provisions 63,651 NIPSCO Industries, Inc.: Series with mandatory redemption provisions 35,000 Long-term debt, excluding amounts due within one year 1,175,728 __________ Total Capitalization 2,477,919 __________ Current Liabilities: Obligations due within one year - Northern Indiana Public Service Company: Commercial paper 44,800 Medium-term notes - Issued at interest rates of 6.14% and 6.19% with a weighted average interest rate of 6.17% and maturities of July 25, 1996 and July 26, 1996 80,000 Notes payable - Issued at interest rates between 5.91% and 6.15% with a weighted average interest rate of 5.99% and various maturities between January 2, 1996 and February 9, 1996 118,800 NIPSCO Capital Markets, Inc.: Commercial paper 76,700 Notes payable - 5.98% - due January 19, 1996 17,400 Medium-term notes - 9.95% - due June 10, 1996 7,500 Lake Erie Land Company: Notes payable 4,200 Elm Energy and Recycling (UK), Ltd.: Term loan facility 4,554 Standby loan facility 1,732 NDC Douglas Properties, Inc.: Notes payable 1,840 __________ 357,526 __________ Other Current Liabilities - Accounts payable 151,691 Sinking funds due within one year 2,621 Dividends declared on common and preferred stocks 28,179 Customer deposits 11,361 Taxes accrued 28,952 Interest accrued 8,439 Accrued employment costs 46,695 Other 33,753 __________ 311,691 __________ Total Current Liabilities 669,217 __________ Other: Deferred income taxes 596,940 Deferred investment tax credits, being amortized over life of related property 115,666 Deferred credits 45,126 Accrued liability for postretirement benefits 75,012 Regulatory income tax liability 9,845 Other noncurrent liabilities 9,795 __________ Total Other 852,384 __________ TOTAL LIABILITIES $3,999,520 ========== CONSOLIDATED STATEMENT OF CAPITALIZATION Common shareholders' equity $1,122,215 __________ 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 - 209,190 shares outstanding 20,919 4-1/2% series - 79,996 shares outstanding 8,000 4.22% series - 106,198 shares outstanding 10,620 4.88% series - 100,000 shares outstanding 10,000 7.44% series - 41,890 shares outstanding 4,189 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, 1995) - Series A (stated value - $50 per share), 477,185 shares outstanding 23,859 __________ 81,325 __________ 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 - 87,500 shares outstanding 8,750 7-3/4% series - 50,014 shares outstanding 5,001 8.35% series - 69,000 shares outstanding 6,900 Cumulative preferred stock - no par value - 6.50% series - 430,000 shares outstanding 43,000 __________ 63,651 __________ 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 1,175,728 __________ TOTAL CAPITALIZATION $2,477,919 ========== 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 40,500 Series NN, 7.10% - due July 1, 2017 55,000 __________ Total 135,756 __________ Pollution control notes and bonds - Series A note - City of Michigan City - 5.70% due October 1, 2003 20,000 Series 1988 bonds - Jasper County - Series A, B and C 3.70% weighted average at December 31, 1995, due November 1, 2016 130,000 Series 1988 bonds - Jasper County - Series D 3.76% weighted average at December 31, 1995, due November 1, 2007 24,000 Series 1994 Bonds - Jasper County - Series A 5.90% at December 31, 1995, due August 1, 2010 10,000 Series 1994 bonds - Jasper County - Series B 5.90% at December 31, 1995, due June 1, 2013 18,000 Series 1994 bonds - Jasper County - Series C 5.90% at December 31, 1995, due April 1, 2019 41,000 __________ Total 243,000 __________ Medium-term Notes - Issued at interest rates between 5.83% and 7.64%, with a weighted average interest rate of 6.82% and various maturities between July 25, 1997 and January 19, 2024 684,025 __________ Unamortized premium and discount on long-term debt, net (4,040) __________ Total Long-term Debt of Northern Indiana Public Service Company 1,058,741 __________ NIPSCO Capital Markets, Inc.: Zero Coupon Notes - 7.57%, $72,500 at maturity, due December 1, 1997 62,875 __________ Total Long-Term Debt of NIPSCO Capital Markets, Inc. 62,875 __________ NIPSCO Development Company, Inc.: Lake Erie Land Company - Notes Payable - Interest rates between 8.00% and 8.50% with a weighted average interest rate of 8.39% and various maturities between May 23, 1997 and June 30, 1998 389 Elm Energy and Recycling (UK), Ltd. Term Loan Facility - weighted average interest rate of 8.21% at December 31, 1995, due December 31, 2004 34,516 NDC Douglas Properties, Inc. - Notes Payable - Interest rates between 6.72% and 7.94% with a weighted average interest rate of 7.72% and maturities through January 1, 2006 19,207 __________ Total Long-term Debt of NIPSCO Development Company, Inc. 54,112 __________ TOTAL LONG-TERM DEBT, EXCLUDING AMOUNTS DUE IN ONE YEAR $1,175,728 ==========
A.1 NIPSCO INDUSTRIES, INC. CONSOLIDATED INCOME STATEMENT December 31, 1995 (Dollars in Thousands) Operating Revenues: Gas $ 691,402 Electric 1,030,923 __________ 1,722,325 __________ Cost of Energy: Gas costs 399,113 Fuel for electric generation 242,337 Power purchased 43,681 __________ 685,131 __________ Operating Margin 1,037,194 __________ Operating Expenses and Taxes (except income): Operation 290,951 Maintenance 78,293 Depreciation and amortization 201,137 Taxes (except income) 73,452 __________ 643,833 __________ Operating Income Before Utility Income Taxes 393,361 __________ Utility Income Taxes 108,449 __________ Operating Income 284,912 __________ Other Income (Deductions) (4,241) __________ Interest and Other Charges: Interest on long-term debt 82,655 Other interest 12,781 Allowance for borrowed funds used during construction and carrying charges (3,678) Amortization of premium, reacquisition premium, discount and expense on debt, net 4,402 Dividend requirements on preferred stocks of subsidiary 9,046 __________ 105,206 __________ Net Income 175,465 Dividend Requirements on Preferred Shares 3,063 __________ Balance Available for Common Shareholders $ 172,402 ========== Average Common Shares Outstanding 63,281,177 ========== Earnings Per Average Common Share $ 2.72 ========== Dividends Declared Per Common Share $ 1.59 ==========
CONSOLIDATED STATEMENT OF COMMON SHAREHOLDERS' EQUITY December 31, 1995 (Dollars in Thousands) ______________________________________ Additional Common Paid-In Total Shares Capital ============================== ========== ========== ========== Balance, December 31, 1994 $1,107,848 $ 870,930 $ 29,657 Net income 175,465 Dividends: Preferred shares (3,063) Common shares (100,232) Treasury shares acquired (69,183) Issued: Employee stock purchase plan 604 301 Long-term incentive plan 6,785 1,656 Unrealized gain on available for sale securities 1,669 Amortization of unearned compensation 2,413 Other (91) 596 __________ __________ __________ Balance, December 31, 1995 $1,122,215 $ 870,930 $ 32,210 ========== ========== ========== (Dollars in Thousands) ______________________________________ Currency Retained Treasury Translation Earnings Shares Adjustment ============================== ========== ========== ========== Balance, December 31, 1994 $ 446,928 $ (237,193) $ (1,504) Net income 175,465 Dividends: Preferred shares (3,063) Common shares (100,232) Treasury shares acquired (69,183) Issued: Employee stock purchase plan 303 Long-term incentive plan 12,850 Unrealized gain on available for sale securities Amortization of unearned compensation Other (261) (426) __________ __________ __________ Balance, December 31, 1995 $ 518,837 $ (293,223) $ (1,930) ========== ========== ========== (Dollars in Thousands) Shares ____________ ________________________ Common Treasury Other Shares Shares ============================== ========== ========== ========== Balance, December 31, 1994 $ (970) 73,892,109 (9,986,720) Net income Dividends: Preferred shares Common shares Treasury shares acquired (2,057,665) Issued: Employee stock purchase plan 19,022 Long-term incentive plan (7,721) 512,850 Unrealized gain on available for sale securities 1,669 Amortization of unearned compensation 2,413 Other __________ __________ __________ Balance, December 31, 1995 $ (4,609) 73,892,109 (11,512,513) ========== ========== ==========
A.2 CROSSROADS PIPELINE COMPANY BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Utility Plant: Utility plant $ 29,532 Less - accumulated provision for depreciation and amortization (1,007) __________ Total Utility Plant 28,525 __________ Current Assets: Cash and cash equivalents 57 Accounts receivable, less reserve 3,156 Prepayments and other 106 __________ Total Current Assets 3,319 __________ TOTAL ASSETS $ 31,844 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (1,165) Retained earnings - current year (1,283) __________ Total Capitalization (2,447) __________ Current Liabilities: Total accounts payable 1,956 Taxes accrued 75 Notes payable to associated companies 31,980 __________ Total Current Liabilities 34,011 __________ Other: Deferred income taxes 254 Deferred credits 26 __________ Total Other 280 __________ TOTAL LIABILITIES $ 31,844 ==========
A.2 CROSSROADS PIPELINE COMPANY INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Gas $ 1,751 __________ Total Operating Revenues 1,751 __________ Operating Expenses and Taxes: Gas costs (190) Operation expenses 831 Administrative and general expenses 1,191 Taxes other than income (15) Interest expense 1,972 Tax expense (755) __________ Total Operating Expenses and Taxes 3,034 __________ NET INCOME (LOSS) $ (1,283) ==========
A.2 CROSSROADS PIPELINE COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (1,165) Net Income (1,283) __________ BALANCE AT END OF YEAR $ (2,448) ==========
A.3 801 EAST CORP. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 936 Other accounts receivable 90 Accounts receivable - associated companies 936 __________ Total Current Assets 1,962 __________ $ 1,962 TOTAL ASSETS ========== CAPITALIZATION AND LIABILITIES Capitalization: Common Shares without par value $ 1 __________ Total Capitalization 1 __________ Current Liabilities: Total accounts payable 783 Taxes accrued (20) Notes payable to associated companies 770 Taxes withheld payables (42) __________ Total Current Liabilities 1,491 __________ Other: Deferred credits 470 __________ Total Other 470 __________ TOTAL LIABILITIES $ 1,962 ==========
A.3 801 EAST CORP. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.3 801 East Corp. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.4 HAMILTON HARBOUR INSURANCE SERVICES, LTD. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Accounts receivable - associated companies $ 2 __________ Total Current Assets 2 __________ TOTAL ASSETS $ 2 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings - current year (3) __________ Total Capitalization (2) __________ Current Liabilities: Total accounts payable 2 Notes payable to associated companies 2 __________ Total Current Liabilities 4 __________ TOTAL LIABILITIES $ 2 ==========
A.4 HAMILTON HARBOUR INSURANCE SERVICES, LTD. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Expenses and Taxes: Administrative and general expenses $ 5 Tax Expense (2) __________ Total Operating Expenses and Taxes 3 __________ NET INCOME (LOSS) $ (3) ==========
A.4 HAMILTON HARBOUR INSURANCE SERVICES, LTD. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Net Income $ (3) __________ BALANCE AT END OF YEAR $ (3) ==========
A.5 KOKOMO GAS AND FUEL COMPANY BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Utility Plant: Utility Plant $ 69,143 Less - accumulated provision for depreciation (26,033) __________ Total Utility Plant 43,110 __________ Other Property and Investments: Investments at cost 5 __________ Total Other Property and Investments 5 __________ Current Assets: Cash and cash equivalents 2,228 Accounts receivable, less reserve 4,291 Gas cost adjustment clause (2,311) Material and supplies at average cost 331 Natural gas in storage, weighted average 1,645 Prepayments and other 7,037 __________ Total Current Assets 13,221 __________ Other Assets: Regulatory assets 210 Deferred charges and other 48 __________ Total Other Assets 258 __________ TOTAL ASSETS $ 56,594 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 46,170 Retained earnings (745) __________ Total Capitalization 45,425 __________ Current Liabilities: Total accounts payable 3,545 Customer deposits 457 Taxes accrued 622 Interest accrued 140 Other accruals 944 __________ Total Current Liabilities 5,708 __________ Other: Deferred income taxes 2,742 Deferred income tax credits amortized 717 Deferred credits 6 Regulatory income tax liability 1,686 Other non-current liabilities 310 __________ Total Other 5,461 __________ TOTAL LIABILITIES $ 56,594 ==========
A.5 KOKOMO GAS AND FUEL COMPANY INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Gas $ 26,919 Other income (24) __________ Total Revenues 26,895 __________ Operating Expenses and Taxes: Gas costs 15,268 Operation expenses 3,375 Administrative and general expenses 3,740 Taxes other than income 922 Interest expense 26 Tax expense 1,304 __________ Total Operating Expenses and Taxes 24,635 __________ NET INCOME (LOSS) $ 2,260 ==========
A.5 KOKOMO GAS AND FUEL COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (605) Net Income 2,260 Dividends declared common (2,400) __________ BALANCE AT END OF YEAR $ (745) ==========
A.6 LAKESIDE ENERGY CORPORATION BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 23 Other accounts receivable 11,176 __________ Total Current Assets 11,199 __________ TOTAL CURRENT ASSETS $ 11,199 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 __________ Total Capitalization 1 __________ Current Liabilities: Total accounts payable 82 Notes payable to associated companies 11,116 __________ Total Current Liabilities 11,198 __________ TOTAL LIABILITIES $ 11,199 ==========
A.6 LAKESIDE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.6 LAKESIDE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.7 NIPSCO CAPITAL MARKETS, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 7 Accounts receivable - associated companies 1,278 Notes receivable - associated companies 167,106 Prepayments 364 __________ Total Current Assets 168,755 __________ Other Assets: Deferred charges and other 292 __________ Total Other Assets 292 __________ TOTAL ASSETS $ 169,047 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1,000 Retained earnings 2,571 Retained earnings - current year 640 NIPSCO Industries, Inc: Long-term debt other 62,878 Unamortized discount - long term debt (2) __________ Total Capitalization 67,087 __________ Current Liabilities: Commercial paper - NIPSCO Capital Markets, Inc. 76,700 Notes payable - NIPSCO Capital Markets, Inc. 17,400 Medium-term notes - NIPSCO Capital Markets, Inc. 7,500 Other Current Liabilities: Total accounts payable 227 Interest accrued 133 __________ Total Current Liabilities 101,960 __________ TOTAL LIABILITIES $ 169,047 ==========
A.7 NIPSCO CAPITAL MARKETS, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 11,184 __________ Total Operating Revenues 11,184 __________ Operating Expenses and Taxes: Administrative and general expenses 103 Taxes other than income 1 Interest expense 10,058 Tax expense 382 __________ Total Operating Expenses and Taxes 10,544 __________ NET INCOME (LOSS) $ 640 ==========
A.7 NIPSCO CAPITAL MARKETS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 2,571 Net Income 640 __________ BALANCE AT END OF YEAR $ 3,211 ==========
A.8 NIPSCO DEVELOPMENT COMPANY, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 102 Notes receivable 592 Other accounts receivable 658 Accounts receivable - associated companies 6,423 Notes receivable - associated companies 1,515 Prepayments 21 __________ Total Current Assets 9,311 __________ Other Property and Investments: Other property at cost less depreciation 10,753 Investments at equity 27,111 Investments at cost 7,314 __________ Total Other Property and Investments 45,178 __________ Other Assets: Deferred charges and other (103) __________ Total Other Assets (103) __________ TOTAL ASSETS $ 54,386 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Foreign currency translation adjustment (2,023) Retained earnings (15,284) Retained earnings - current year (9,965) __________ Total Capitalization (27,271) __________ Current Liabilities: Total accounts payable 4,146 Taxes accrued 676 Notes payable to associated companies 78,593 Taxes withheld payables (4) __________ Total Current Liabilities 83,411 __________ Other: Deferred income taxes (2,086) Deferred credits 332 __________ Total Other (1,754) __________ TOTAL LIABILITIES $ 54,386 ==========
A.8 NIPSCO DEVELOPMENT COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 3,846 Other income 353 __________ Total Revenues 4,199 __________ Operating Expenses and Taxes: Administrative and general expenses 2,768 Taxes other than income 45 Depreciation expense 337 Amortization and depletion 153 Interest expense 5,729 Tax expense (1,596) __________ Total Operating Expenses and Taxes 7,436 __________ Income (Loss) Before Subsidiaries (3,237) __________ Subsidiary Gain (Loss) (6,728) __________ NET INCOME (LOSS) $ (9,965) ==========
A.8 NIPSCO DEVELOPMENT COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (15,284) Net Income (9,965) __________ BALANCE AT END OF YEAR $ (25,249) ==========
A.9 ANALYTIC SYSTEMS LABORATORIES, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 106 Other accounts receivable 204 Material and supplies at average cost 124 Prepayments 7 __________ Total Current Assets 441 __________ Other Property and Investments: Other property at cost less depreciation 86 __________ Total Other Property and Investments 86 __________ Other Assets: Deferred charges and other 3 __________ Total Other Assets 3 __________ TOTAL ASSETS $ 530 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 561 Retained earnings (2,607) Retained earnings - current year (143) __________ Total Capitalization (2,189) __________ Current Liabilities: Total accounts payable 1,200 Notes payable to associated companies 1,515 Other accruals 4 __________ Total Current Liabilities 2,719 __________ TOTAL LIABILITIES $ 530 ==========
A.9 ANALYTIC SYSTEMS LABORATORIES, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 1,494 Other income 19 __________ Total Revenue 1,513 __________ Operating Expenses and Taxes: Operating expenses 608 Administrative and general expenses 758 Taxes other than income 27 Depreciation expense 42 Interest expense 221 __________ Total Operating Expenses and Taxes 1,656 __________ NET INCOME (LOSS) $ (143) ==========
A.9 ANALYTIC SYSTEMS LABORATORIES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (2,607) Net Income (143) __________ BALANCE AT END OF YEAR $ (2,750) ==========
A.10 FUELMAKER CORPORATION BALANCE SHEET December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.10 FUELMAKER CORPORATION INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.10 FUELMAKER CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.11 G. R. CLARK CORPORATION BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 708 Other accounts receivable 713 Accounts receivable - associated companies 21 Prepayments 6 __________ Total Current Assets 1,448 __________ Other Property and Investments: Other property at cost less depreciation 12 __________ Total Other Property and Investments 12 __________ Other Assets: Deferred Charges and Other 5 __________ Total Other Assets 5 __________ TOTAL ASSETS $ 1,465 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 2,236 Retained earnings (986) Retained earnings - current year (20) __________ Total Capitalization 1,231 __________ Current Liabilities: Total accounts payable 43 Other accruals 21 __________ Total Current Liabilities 64 __________ Other: Deferred income taxes 170 __________ Total Other 170 __________ TOTAL LIABILITIES $ 1,465 ==========
A.11 G. R. CLARK CORPORATION INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Other income $ 36 __________ Total Revenues 36 __________ Operating Expenses and Taxes: Administrative and general expenses 24 Tax expense 32 __________ Total Operating Expenses and Taxes 56 __________ NET INCOME (LOSS) $ (20) ==========
A.11 G. R. CLARK CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (986) Net Income (20) __________ BALANCE AT END OF YEAR $ (1,006) ==========
A.12 GREEN FUELS, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1 Accounts receivable - associated companies 42 __________ Total Current Assets 43 __________ TOTAL ASSETS $ 43 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings - current year (70) __________ Total Capitalization (69) __________ Current Liabilities: Total accounts payable 30 Notes payable to associated companies 82 __________ Total Current Liabilities 112 __________ TOTAL LIABILITIES $ 43 ==========
A.12 GREEN FUELS, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Expenses and Taxes: Administrative and general expenses $ 110 Interest expense 3 Tax expense (43) __________ Total Operating Expenses and Taxes 70 __________ NET INCOME (LOSS) $ (70) ==========
A.12 GREEN FUELS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Net Income $ (70) __________ BALANCE AT END OF YEAR $ (70) ==========
A.13 HARBOR COAL COMPANY BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 8 Accounts receivable - associated companies 1,854 Prepayments 33 __________ Total Current Assets 1,895 __________ Other Property and Investments: Investments at equity 443 __________ Total Other Property and Investments 443 __________ TOTAL ASSETS $ 2,338 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (3,576) Retained earnings - current year 392 __________ Total Capitalization (3,183) __________ Current Liabilities: Total accounts payable 2,161 Notes payable to associated companies 6,555 __________ Total Current Liabilities 8,716 __________ Other: Deferred income taxes (3,195) __________ Total Other (3,195) __________ TOTAL LIABILITIES $ 2,338 ==========
A.13 HARBOR COAL COMPANY INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 1,447 __________ Total Operating Revenues 1,447 __________ Operating Expenses and Taxes: Administrative and general expenses 187 Taxes other than income 16 Interest expense 608 Tax expense 244 __________ Total Operating Expenses and Taxes 1,055 __________ NET INCOME (LOSS) $ 392 ==========
A.13 HARBOR COAL COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (3,576) Net Income 392 __________ BALANCE AT END OF YEAR $ (3,184) ==========
A.14 INTERNATIONAL POLYMER CORP. BALANCE SHEET December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.14 INTERNATIONAL POLYMER CORP. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.14 INTERNATIONAL POLYMER CORP. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.15 JOF TRANSPORTATION COMPANY BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 553 Other accounts receivable 9 Accounts receivable - associated companies 158 __________ Total Current Assets 720 __________ Other Property and Investments: Investments at equity 2,785 __________ Total Other Property and Investments 2,785 __________ TOTAL ASSETS $ 3,505 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 3,954 Retained earnings - current year 1,465 Dividends: common shares (3,300) __________ Total Capitalization 2,120 __________ Current Liabilities: Total accounts payable 962 Taxes accrued (39) __________ Total Current Liabilities 923 __________ Other: Deferred income taxes 462 __________ Total Other 462 __________ TOTAL LIABILITIES $ 3,505 ==========
A.15 JOF TRANSPORTATION COMPANY INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,347 Other income 66 __________ Total Revenues 2,413 __________ Operating Expenses and Taxes: Administrative and general expenses 51 Taxes other than income 24 Tax expense 873 __________ Total Expenses and Taxes 948 __________ NET INCOME (LOSS) $ 1,465 ==========
A.15 JOF TRANSPORTATION COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 3,954 Net Income 1,465 Dividends declared common (3,300) __________ BALANCE AT END OF YEAR $ 2,119 ==========
A.16 KOGAF ENTERPRISES, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 210 Notes receivable 425 Other accounts receivable 633 Notes receivable - associated companies 700 __________ Total Current Assets 1,968 __________ Other Property and Investments: Other property at cost less depreciation 243 Investments at equity 85 __________ Total Other Property and Investments 328 __________ TOTAL ASSETS $ 2,296 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 2,103 Retained earnings 216 Retained earnings - current year (243) __________ Total Capitalization 2,076 __________ Current Liabilities: Total accounts payable 236 __________ Total Current Liabilities 236 __________ Other: Deferred income taxes (16) __________ Total Other (16) __________ TOTAL LIABILITIES $ 2,296 ==========
A.16 KOGAF Enterprises, Inc. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 145 Other income (75) __________ Total Revenues 70 __________ Operating Expenses and Taxes: Administrative and general expenses 70 Tax expense 243 __________ Total Operating Expenses and Taxes 313 __________ NET INCOME (LOSS) $ (243) ==========
A.16 KOGAF ENTERPRISES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 216 Net Income (243) __________ BALANCE AT END OF YEAR $ (27) ==========
A.17 LAKE ERIE LAND COMPANY BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 678 Notes receivable 250 Other accounts receivable 344 Accounts receivable - associated companies 1,572 Prepayments 140 __________ Total Current Assets 2,984 __________ Other Property and Investments: Other property at cost less depreciation 5,434 Investments at equity (140) Investments at cost 14,105 __________ Total Other Property and Investments 19,399 __________ TOTAL ASSETS $ 22,383 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in capital 14,883 Retained earnings (2,903) Retained earnings - current year (1,433) Long term debt excluding amounts due 3,180 __________ Total Capitalization 13,728 __________ Current Liabilities: Total accounts payable 514 Customer deposits 4 Taxes accrued 66 Notes payable to associated companies 6,640 Other accruals 1,409 __________ Total Current Liabilities 8,633 __________ Other: Deferred income taxes 22 __________ Total Other 22 __________ TOTAL LIABILITIES $ 22,383 ==========
A.17 LAKE ERIE LAND COMPANY INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 2,237 Other income 32 __________ Total Revenues 2,269 __________ Operating Expenses and Taxes: Operating expenses 1,601 Administrative and general expenses 1,293 Taxes other than income 98 Depreciation expense 433 Interest expense 830 Tax expense (749) __________ Total 3,506 __________ Income (Loss) Before Subsidiaries (1,237) __________ Subsidiary Gain (Loss) (196) __________ NET INCOME (LOSS) $ (1,433) ==========
A.17 LAKE ERIE LAND COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (2,903) Net Income (1,433) __________ BALANCE AT END OF YEAR $ (4,336) ==========
A.18 SCC SERVICES, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 86 Other accounts receivable 107 Material and supplies at average cost 147 __________ Total Current Assets 340 __________ Other Assets: Deferred charges and other 41 __________ Total Other Assets 41 __________ TOTAL ASSETS $ 381 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 57 Retained earnings (2) Retained earnings - current year (196) __________ Total Capitalization (140) __________ Current Liabilities: Total accounts payable 436 __________ Total Current Liabilities 436 __________ Other: Deferred credits 85 __________ Total Other 85 __________ TOTAL LIABILITIES $ 381 ==========
A.18 SCC SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 3,026 __________ Total Operating Revenues 3,026 __________ Operating Expenses and Taxes: Administrative and general expenses 3,192 Taxes other than income 143 Interest expense 4 Tax expense (117) __________ Total Operating Expenses and Taxes 3,222 __________ NET INCOME (LOSS) $ (196) ==========
A.18 SCC SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (2) Net Income (196) __________ BALANCE AT END OF YEAR $ (198) ==========
A.19 N SQUARED AVIATION, L.L.C. BALANCE SHEET December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.19 N SQUARED AVIATION, L.L.C. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.19 N SQUARED AVIATION, L.L.C. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.20 NDC DOUGLAS PROPERTIES, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1 Notes receivable 30 Accounts receivable - associated companies 2,167 __________ Total Current Assets 2,198 __________ Other Property and Investments: Investments at equity 21,933 __________ Total Other Property and Investments 21,933 __________ TOTAL ASSETS $ 24,131 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (325) Retained earnings - current year 222 Long term debt excluding amounts due 19,206 __________ Total Capitalization 19,104 __________ Current Liabilities: Total accounts payable 60 Interest accrued 970 Notes payable to associated companies 1,862 Other accruals 1,840 __________ Total Current Liabilities 4,732 __________ Other: Deferred income taxes 295 __________ Total Other 295 __________ TOTAL LIABILITIES $ 24,131 ==========
A.20 NDC DOUGLAS PROPERTIES, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ (830) Other income 5 __________ Total Revenues (825) __________ Operating Expenses and Taxes: Administrative and general expenses 137 Taxes other than income (1) Interest expense 1,323 Tax expense (2,506) __________ Total Operating Expenses and Taxes (1,047) __________ NET INCOME (LOSS) $ 222 ==========
A.20 NDC DOUGLAS PROPERTIES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (325) Net Income 222 __________ BALANCE AT END OF YEAR $ (103) ==========
A.21 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY BALANCE SHEET December 31, 1995 (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.21 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.21 NIPSCO INTERNATIONAL POWER SYSTEMS COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (1) Net Income 0 __________ BALANCE AT END OF YEAR $ (1) ==========
A.22 NIPSCO SECURITY SERVICES, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 80 Other accounts receivable 144 Reserve - customer accounts (54) Accounts receivable - associated companies 585 Material and supplies at average cost 123 Prepayments 2 __________ Total Current Assets 880 __________ Other Property and Investments: Other property at cost less depreciation 24 __________ Total Other Property and Investments 24 __________ TOTAL ASSETS $ 904 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 54 Retained earnings (297) Retained earnings - current year (943) __________ Total Capitalization (1,185) __________ Current Liabilities: Total accounts payable 147 Customer deposits 24 Taxes accrued 1 Notes payable to associated companies 1,923 Taxes withheld payables (6) __________ Total Current Liabilities 2,089 __________ TOTAL LIABILITIES $ 904 ==========
A.22 NIPSCO SECURITY SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 494 __________ Total Operting Revenues 494 __________ Operating Expenses and Taxes: Operating expenses 698 Administrative and general expenses 1,157 Taxes other than income 62 Depreciation expense 1 Interest expense 87 Tax expense (568) __________ Total Operating Expenses and Taxes 1,437 __________ NET INCOME (LOSS) $ (943) ==========
A.22 NIPSCO SECURITY SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (297) Net Income (943) __________ BALANCE AT END OF YEAR $ (1,240) ==========
A.23 PORTSIDE ENERGY CORPORATION BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 61 __________ Total Current Assets 61 __________ $ 61 TOTAL ASSETS ========== CAPITALIZATION AND LIABILITIES Capitalization: Common Shares without par value $ 1 __________ Total Capitalization 1 __________ Current Liabilities: Total accounts payable 12 Notes payable to associated companies 48 __________ Total Current Liabilities 60 __________ TOTAL LIABILITIES $ 61 ==========
A.23 PORTSIDE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.23 PORTSIDE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.24 PROCESS AND CONTROL TECHNOLOGY CORPORATION BALANCE SHEET December 31, 1995 (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.24 PROCESS AND CONTROL TECHNOLOGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.24 PROCESS AND CONTROL TECHNOLOGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (755) Net Income 0 __________ BALANCE AT END OF YEAR $ (755) ==========
A.25 RIC, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 5 Accounts receivable - associated companies 170 __________ Total Current Assets 175 __________ Other Property and Investments: Other property at cost less depreciation 12 Investments at equity (11) __________ Total Other Property and Investments 1 __________ TOTAL ASSETS $ 176 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 350 Retained earnings (3,173) Retained earnings - current year (193) __________ Total Capitalization (3,015) __________ Current Liabilities: Total accounts payable 62 Customer deposits 1 Notes payable to associated companies 3,005 __________ Total Current Liabilities 3,068 __________ Other: Deferred income taxes 122 Deferred credits 1 __________ Total Other 123 __________ TOTAL LIABILITIES $ 176 ==========
A.25 RIC, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Expenses and Taxes: Administrative and general expenses $ 84 Depreciation expense 2 Interest expense 241 Tax expense (119) __________ Total Operating Expenses and Taxes 208 __________ Income (Loss) Before Subsidiaries (208) __________ Subsidiary Gain (Loss) 15 __________ NET INCOME (LOSS) $ (193) ==========
A.25 RIC, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (3,173) Net Income (193) __________ BALANCE AT END OF YEAR $ (3,366) ==========
A.26 CARDINAL PROPERTY MANAGEMENT, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 33 Other accounts receivable 6 Accounts receivable - associated companies 79 __________ Total Current Assets 118 __________ Other Property and Investments: Other property at cost less depreciation 24 __________ Total Other Property and Investments 24 __________ TOTAL ASSETS $ 142 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (28) Retained earnings - current year 15 __________ Total Capitalization (12) __________ Current Liabilities: Total accounts payable 96 Customer deposits 10 Taxes accrued 1 Notes payable to associated companies 25 __________ Total Current Liabilities 132 __________ Other: Deferred income taxes 4 Deferred credits 18 __________ Total Other 22 __________ TOTAL LIABILITIES $ 142 ==========
A.26 CARDINAL PROPERTY MANAGEMENT, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 443 __________ Total Revenues 443 __________ Operating Expenses and Taxes: Administrative and general expenses 405 Taxes other than income 7 Depreciation expense 4 Interest expense 5 Tax expense 7 __________ Total Operating Expenses and Taxes 428 __________ NET INCOME (LOSS) $ 15 ==========
A.26 CARDINAL PROPERTY MANAGEMENT, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (28) Net Income 15 __________ BALANCE AT END OF YEAR $ (13) ==========
A.27 RIVERSIDE CALORIC COMPANY BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 7 Accounts receivable - associated companies 122 __________ Total Current Assets 129 __________ Other Property and Investments: Other property at cost less depreciation 235 Investments at equity 1,711 __________ Total Other Property and Investments 1,946 __________ TOTAL ASSETS $ 2,075 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings (74) Retained earnings - current year (153) __________ Total Capitalization (226) __________ Current Liabilities: Total accounts payable 84 Taxes accrued (16) Notes payable to associated companies 2,312 __________ Total Current Liabilities 2,380 __________ Other: Deferred income taxes (79) __________ Total Other (79) __________ TOTAL LIABILITIES $ 2,075 ==========
A.27 RIVERSIDE CALORIC COMPANY INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ (288) __________ Total Operating Revenues (288) ___________ Operating Expenses and Taxes: Administrative and general expenses 31 Interest expense (59) Tax expense (107) __________ Total Operating Expenses and Taxes (135) __________ NET INCOME (LOSS) $ (153) ==========
A.27 RIVERSIDE CALORIC COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (74) Net Income (153) __________ BALANCE AT END OF YEAR $ (227) ==========
A.28 NIPSCO ENERGY SERVICES, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 1,456 Other accounts receivable (898) Accounts receivable - associated companies 7,602 __________ Total Current Assets 8,160 __________ Other Property and Investments: Other property at cost less depreciation 336 Investments at equity 9,903 __________ Total Other Property and Investments 10,239 __________ Other Assets: Deferred charges and other 1,993 __________ Total Other Assets 1,993 __________ TOTAL ASSETS $ 20,392 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 679 Retained earnings - current year 730 __________ Total Capitalization 1,410 __________ Current Liabilities: Total accounts payable 6,111 Taxes accrued (5) Notes payable to associated companies 13,646 Taxes withheld payables (41) __________ Total Current Liabilities 19,711 __________ Other: Deferred income taxes 3 Deferred credits (732) __________ Total Other (729) __________ TOTAL LIABILITIES $ 20,392 ==========
A.28 NIPSCO ENERGY SERVICES, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ (1,744) Other income (1) __________ Total Revenues (1,745) __________ Operating Expenses and Taxes: Administrative and general expenses 1,450 Taxes other than income 39 Depreciation expense 3 Interest expense 734 Tax expense (1,414) __________ Total Operating Expenses and Taxes 812 __________ Income (Loss) Before Subsidiaries (2,557) __________ Subsidiary Gain (Loss) 3,287 __________ NET INCOME (LOSS) $ 730 ==========
A.28 NIPSCO ENERGY SERVICES, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 679 Net Income 730 __________ BALANCE AT END OF YEAR $ 1,409 ==========
A.29 INVENTORY MANAGEMENT AND DISTRIBUTION COMPANY, L.L.C. BALANCE SHEET December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.29 INVENTORY MANAGEMENT AND DISTRIBUTION COMPANY, L.L.C. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.29 INVENTORY MANAGEMENT AND DISTRIBUTION COMPANY, L.L.C. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.30 NESI ENERGY MARKETING, L.L.C. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 6,295 Accounts receivable - associated companies 5,337 Natural gas in storage, weighted average 130 Prepayments 10 __________ Total Current Assets 11,772 __________ Other Property and Investments: Other property at cost less depreciation 98 __________ Total Other Property and Investments 98 __________ TOTAL ASSETS $ 11,870 ========== CAPITALIZATION AND LIABILITIES Capitalization: Additional paid-in-capital $ 151 Retained earnings - current year 511 __________ Total Capitalization 662 __________ Current Liabilities: Total accounts payable 10,108 Notes payable to associated companies 1,100 __________ Total Current Liabilities 11,208 __________ TOTAL LIABILITIES $ 11,870 ==========
A.30 NESI ENERGY MARKETING, L.L.C. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 18,476 __________ Total Operating Revenue 18,476 __________ Operating Expenses and Taxes: Operating expenses 17,514 Administrative and general expenses 433 Taxes other than income 3 Depreciation expense 5 Interest expense 10 __________ Total Operating Expenses and Taxes 17,965 __________ NET INCOME (LOSS) $ 511 ==========
A.30 NESI ENERGY MARKETING, L.L.C. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Net Income $ 511 __________ BALANCE AT END OF YEAR $ 511 ==========
A.31 NIPSCO ENERGY TRADING CORP. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 2,731 Other accounts receivable 68 Reserve - customer accounts (464) Accounts receivable - associated companies 480 __________ Total Current Assets 2,815 __________ TOTAL ASSETS $ 2,815 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 4,482 Retained earnings - current year 216 Dividends - common shares (3,500) __________ Total Capitalization 1,199 __________ Current Liabilities: Total accounts payable 1,741 Taxes accrued 4 __________ Total Current Liabilities 1,745 __________ Other: Deferred income taxes (156) Deferred credits 27 __________ Total Other (129) __________ TOTAL LIABILITIES $ 2,815 ==========
A.31 NIPSCO ENERGY TRADING CORP. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 646 Other income 158 __________ Total Revenues 804 __________ Operating Expenses and Taxes: Administrative and general expenses 439 Taxes other than income 15 Depreciation expense 6 Interest expense 1 Tax expense 127 __________ Total Operating Expenses and Taxes 588 __________ NET INCOME (LOSS) $ 216 ==========
A.31 NIPSCO ENERGY TRADING CORP. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 981 Net Income 216 __________ BALANCE AT END OF YEAR $ 1,198 ==========
A.32 NIPSCO FUEL COMPANY, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 348 Other accounts receivable 195 Accounts receivable - associated companies 4,004 Notes receivable - associated companies 9,341 Prepayments 26 __________ Total Current Assets 13,914 __________ Other Property and Investments: Other property at cost less depreciation 42,961 Investments at equity 3,615 Investments at cost 1,000 __________ Total Other Property and Investments 47,576 __________ Other Assets: Deferred charges and other 438 __________ Total Other Assets 438 __________ TOTAL OTHER ASSETS $ 61,928 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Foreign currency translation adjustment 92 Retained earnings (7,762) Retained earnings - current year (3,147) __________ Total Capitalization (10,816) __________ Current Liabilities: Total accounts payable 2,631 Notes payable to associated companies 60,423 __________ Total Current Liabilities 63,054 __________ Other: Deferred income taxes 9,686 Deferred credits 4 __________ Total Other 9,690 __________ TOTAL LIABILITIES $ 61,928 ==========
A.32 NIPSCO FUEL COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 7,324 Other income 4 __________ Total Revenues 7,328 __________ Operating Expenses and Taxes: Operating expenses 2,474 Administrative and general expenses 830 Taxes other than income (8) Amortization and depletion 4,564 Interest expense 3,769 Tax expense (1,134) __________ Total Operating Expenses and Taxes 10,495 __________ Income (Loss) Before Subsidiaries (3,167) __________ Subsidiary Gain (Loss) 20 __________ NET INCOME (LOSS) $ (3,147) ==========
A.32 NIPSCO FUEL COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (7,762) Net Income (3,147) __________ BALANCE AT END OF YEAR $ (10,909) ==========
A.33 NFCO ACQUISITION COMPANY BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 72 Other accounts receivable 33 Accounts receivable - associated companies 68 Material and supplies at average cost 2 Notes receivable - associated companies 98 __________ Total Current Assets 273 __________ Other Property and Investments: Other property at cost less depreciation 382 __________ Total Other Property and Investments 382 __________ TOTAL ASSETS $ 655 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Additional paid-in-capital 450 Retained earnings 26 Retained earnings - current year 17 __________ Total Capitalization 494 __________ Current Liabilities: Total accounts payable 44 __________ Total Current Liabilities 44 __________ Other: Deferred income taxes 117 __________ Total Other 117 __________ TOTAL LIABILITIES $ 655 ==========
A.33 NFCO ACQUISITION COMPANY INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 214 Other income 2 __________ Total Revenues 216 __________ Operating Expenses and Taxes: Operating expenses 102 Administrative and general expense 37 Amortization and depletion 50 Tax expense 10 __________ Total Operating Expenses and Taxes 199 __________ NET INCOME (LOSS) $ 17 ==========
A.33 NFCO ACQUISITION COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 26 Net Income 17 __________ BALANCE AT END OF YEAR $ 43 ==========
A.34 SOUTHLAKE ENERGY INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Other accounts receivable $ 459 __________ Total Current Assets 459 __________ Other Property and Investments: Other property at cost less depreciation 12,186 __________ Total Other Property and Investments 12,186 __________ TOTAL ASSETS $ 12,645 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 3,009 Additional paid-in capital 96 Foreign currency translation adjustment 14 Retained earnings - current year 3 __________ Total Capitalization 3,122 __________ Current Liabilities: Total accounts payable 164 Notes payable to associated companies 9,341 Other accruals 6 __________ Total Current Liabilities 9,511 __________ Other: Deferred income taxes 12 __________ Total Other 12 __________ TOTAL LIABILITIES $ 12,645 ==========
A.34 SOUTHLAKE ENERGY INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 126 __________ Total Operating Revenue 126 __________ Operating Expenses and Taxes: Operating expenses 53 Depreciation expense 58 Tax expense 12 __________ Total Operating Expenses and Taxes 123 __________ NET INCOME (LOSS) $ 3 ==========
A.34 SOUTHLAKE ENERGY INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 0 Net Income 3 __________ BALANCE AT END OF YEAR $ 3 ==========
A.35 NI-TEX, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 781 Other accounts receivable 5 Accounts receivable - associated companies 7,970 Natural gas in storage, weighted average 3,817 Prepayments 15 __________ Total Current Assets 12,588 __________ Other Property and Investments: Investments at equity 5,740 __________ Total Other Property and Investments 5,740 __________ TOTAL ASSETS $ 18,328 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 5,815 Retained earnings - current year 4,747 Dividends - common shares (3,000) __________ Total Capitalization 7,563 __________ Current Liabilities: Total accounts payable 9,694 Taxes accrued 663 __________ Total Current Liabilities 10,357 __________ Other: Deferred income taxes (7) Deferred credits 415 __________ Total Other 408 __________ TOTAL LIABILITIES $ 18,328 ==========
A.35 NI-TEX, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 63,490 Other income 194 __________ Total Revenues 63,684 __________ Operating Expenses and Taxes: Operating expenses 56,269 Administrative and general expenses 675 Taxes other than income 23 Interest expense 2 Tax expense 1,968 __________ Total Operating Expenses and Taxes 58,937 __________ NET INCOME (LOSS) $ 4,747 ==========
A.35 NI-TEX, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 5,815 Net Income 4,747 Dividends declared common (3,000) __________ BALANCE AT END OF YEAR $ 7,562 ==========
A.36 TRIUMPH NATURAL GAS, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.36 TRIUMPH NATURAL GAS, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.36 TRIUMPH NATURAL GAS, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.37 NORTH LAKE ENERGY CORPORATION BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 17 Other accounts receivable 170 __________ Total Current Assets 187 __________ TOTAL ASSETS $ 187 ========== CAPITALIZATION AND LIABILITIES Capitaliztion: Common shares without par value $ 1 __________ Total Capitalization 1 __________ Current Liabilities: Total accounts payable 166 Notes payable to associated companies 18 __________ Total Current Liabilities 184 __________ Other: Deferred credits 2 __________ Total Other 2 __________ TOTAL LIABILITIES $ 187 ==========
A.37 NORTH LAKE ENERGY CORPORATION INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.37 NORTH LAKE ENERGY CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.38 NORTHERN INDIANA FUEL & LIGHT COMPANY, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Utility Plant: Utility Plant $ 59,991 Less - accumulated provision for depreciation (15,763) __________ Total Utility Plant 44,228 __________ Other Property and Investments: Investments at equity 789 Investments at cost 3 __________ Total Other Property and Investments 792 __________ Current Assets: Cash and cash equivalents 235 Accounts receivable, less reserve 4,248 Gas adjustment clause (380) Material and supplies at average cost 493 Natural gas in storage, weighted average 1,879 Prepayments and other 3,076 __________ Total Current Assets 9,551 __________ Other Assets: Regulatory assets 423 Deferred charges and other 674 __________ Total Other Assets 1,097 __________ TOTAL ASSETS $ 55,668 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 30,674 Additional paid-in-capital 7,295 Retained earnings 4,937 __________ Total Capitalization 42,906 __________ Current Liabilities: Total accounts payable 3,446 Customer deposits 635 Taxes accrued 629 Interest accrued 27 Other accruals 1,381 __________ Total Current Liabilities 6,118 __________ Other: Deferred income taxes 2,246 Deferred income tax credits amortized 563 Deferred credits 1,460 Regulatory income tax liability 2,375 __________ Total Other 6,644 __________ TOTAL LIABILITIES $ 55,668 ==========
A.38 NORTHERN INDIANA FUEL & LIGHT COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Gas $ 29,378 Other income (255) __________ Total Revenues 29,123 __________ Operating Expenses and Taxes: Gas costs 17,548 Operation expenses 3,075 Administrative and general expenses 4,274 Taxes other than income 715 Interest expense 63 Tax expense 1,327 __________ Total Operating Expenses and Taxes 27,002 __________ Subsidiary Gain (Loss) 216 __________ NET INCOME (LOSS) $ 2,337 ==========
A.38 NORTHERN INDIANA FUEL & LIGHT COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 2,600 Net Income 2,337 __________ BALANCE AT END OF YEAR $ 4,937 ==========
A.39 NORTHERN INDIANA TRADING COMPANY BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 17 Other accounts receivable 1,335 Accounts receivable - associated companies 315 __________ Total Current Asset 1,667 __________ Other Property and Investments: Other property at cost less depreciation 933 __________ Total Other Property and Investments 476 __________ TOTAL ASSETS $ 2,143 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1 Retained earnings 572 Retained earnings - current year 216 __________ Total Capitalization 789 __________ Current Liabilities: Total accounts payable 1,153 Taxes accrued 158 Other accruals 4 __________ Total Current Liabilities 1,315 __________ Other: Deferred income taxes 39 __________ Total Other 39 __________ TOTAL LIABILITIES $ 2,143 ==========
A.39 NORTHERN INDIANA TRADING COMPANY INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operting Revenues: Total operating revenue $ 348 __________ Total Revenues 348 __________ Operating Expenses and Taxes: Tax expense 132 __________ Total Operating Expenses and Taxes 132 __________ NET INCOME (LOSS) $ 216 ==========
A.39 NORTHERN INDIANA TRADING COMPANY STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 572 Net Income 216 __________ BALANCE AT END OF YEAR $ 788 ==========
A.40 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Utility Plant, At 0riginal Cost (Including Construction Work in Progress of $145,078: Electric $3,935,103 Gas 1,143,021 Common 350,168 __________ 5,428,292 Less - accumulated provision for depreciation and amortization 2,330,879 __________ Total Utility Plant 3,097,413 __________ Other Property and Investments 8,787 __________ Current Assets: Cash and cash equivalents 11,478 Accounts receivable, less reserve of $6,418 96,076 Fuel adjustment clause 10,300 Gas cost adjustment clause 4,113 Materials and supplies at average cost 63,824 Electric production fuel, at average cost 14,258 Natural gas in storage, at last-in, first-out cost 53,413 Prepayments and other 13,051 __________ Total Current Assets 266,513 __________ Other Assets: Regulatory assets 211,859 Deferred charges and other 21,627 __________ Total Other Assets 233,486 __________ TOTAL ASSETS $3,606,199 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shareholder's equity $1,016,827 Preferred stocks - Series without mandatory redemption provisions 81,325 Series with mandatory redemption provisions 63,651 Long-term debt 1,058,741 __________ Total Capitalization 2,220,544 __________ Current Liabilities: Obligations due within one year - Commercial paper 44,800 Medium-term notes - Issued at interest rates of 6.14% and 6.19% with a weighted average interest rate of 6.17% and maturities of July 25, 1996 and July 26, 1996 80,000 Notes payable - Issued at interest rates between 5.91% and 6.15% with a weighted average interest rate of 5.99% and various maturities between January 2, 1996 and February 9, 1996 118,800 __________ 243,600 __________ Other Current Liabilities - Accounts payable 135,639 Sinking funds due within one year 2,621 Dividends declared on common and preferred stocks 49,851 Customer deposits 10,230 Taxes accrued 31,247 Interest accrued 7,170 Accrued employment costs 30,790 Other accruals 45,771 __________ 313,319 __________ Total Current Liabilities 556,919 __________ Other: Deferred income taxes 587,809 Deferred investment tax credits, being amortized over life of related property 114,386 Deferred credits 41,038 Accrued liability for postretirement benefits 73,682 Regulatory income tax liability 5,783 Other noncurrent liabilities 6,038 __________ Total Other 828,736 __________ TOTAL CAPITALIZATION AND LIABILITIES $3,606,199 ========== CONSOLIDATED STATEMENT OF CAPITALIZATION For the Year Ended December 31, 1995 (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 12,500 Retained earnings 144,839 __________ Total Common Shareholder's Equity 1,016,827 __________ Preferred Stocks, Which Are Redeemable Solely at Option of Northern Indiana Public Service Company: Cumulative preferred stock - $100 par value - 4-1/4% series - 209,190 shares outstanding 20,919 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 - 41,890 shares outstanding 4,189 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, 1995) - Series A (stated value - $50 per share), 477,185 shares outstanding 23,859 __________ 81,325 __________ 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 - 87,500 shares outstanding 8,750 7-3/4% series - 50,014 shares outstanding 5,001 8.35% series - 69,000 shares outstanding 6,900 Cumulative preferred stock - no par value - 6.50% series - 430,000 shares outstanding 43,000 __________ 63,651 __________ Long-term Debt 1,058,741 __________ TOTAL CAPITALIZATION $2,220,544 ========== CONSOLIDATED STATEMENT OF LONG-TERM DEBT For the Year Ended December 31, 1995 (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 40,500 Series NN, 7.10% - due July 1, 2017 55,000 __________ 135,756 __________ Pollution Control Notes and Bonds - Series A note - City of Michigan City - 5.70% due October 1, 2003 20,000 Series 1988 bonds - Jasper County - Series A, B, and C, 3.70% weighted average at December 31, 1995, due November 1, 2016 130,000 Series 1988 bonds - Jasper County - Series D, 3.76% weighted average at December 31, 1995, due November 1, 2007 24,000 Series 1994 bonds - Jasper County - Series A, 5.90% at December 31, 1995, due August 1, 2010 10,000 Series 1994 bonds - Jasper County - Series B, 5.90% at December 31, 1995, due June 1, 2013 18,000 Series 1994 bonds - Jasper County - Series C, 5.90 at December 31, 1995, due April 1, 2019 41,000 __________ 243,000 __________ Medium-term Notes - Issued at interest rates between 5.83% and 7.64%, with a weighted average interest rate of 6.82% with various maturities between July 25, 1997 and January 19, 2024 684,025 __________ Unamortized premium and discount on long-term debt, net (4,040) __________ TOTAL LONG-TERM DEBT, EXCLUDING AMOUNTS DUE WITHIN ONE YEAR $1,058,741 ==========
A.40 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED STATEMENT OF INCOME For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Gas $ 633,355 Electric 1,030,923 __________ 1,664,278 __________ Cost of Energy: Gas costs 366,487 Fuel for electric generation 242,337 Power purchased 43,681 __________ 652,505 __________ Operating Margin 1,011,773 __________ Operating Expenses and Taxes (except income): Operation 278,683 Maintenance 76,953 Depreciation and amortization 198,259 Taxes (except income) 71,831 __________ 625,726 __________ Operating Income Before Utility Income Taxes 386,047 __________ Utility Income Taxes 106,574 __________ Operating Income 279,473 __________ Other Income (Deductions): Other, net (3,619) __________ Interest Charges: Interest on long-term debt 72,339 Other interest 8,395 Allowance for borrowed funds used during construction and carrying charges (3,320) Amortization of premium, reacquisition premium, discount, and expense on debt, net 4,119 __________ 81,533 __________ Net Income 194,321 Dividend Requirements on Preferred Stocks 9,046 __________ Balance Availabie for Common Shares $ 185,275 ========== Common Dividends Declared $ 185,725 ==========
A.40 NORTHERN INDIANA PUBLIC SERVICE COMPANY CONSOLIDATED STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 145,289 Add: Net Income 194,321 Deduct: Dividends on cumulative preferred shares 9,046 Common share dividends 185,725 __________ Balance at End of Year $ 144,839 ==========
A.41 NIPSCO ESP SERVICES CORPORATION BALANCE SHEET December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.41 NIPSCO ESP SERVICES CORPORATION INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.41 NIPSCO ESP SERVICES CORPORATION STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.42 NIPSCO EXPLORATION COMPANY, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 15 Accounts receivable - associated companies 2,327 __________ Total Current Assets 2,342 __________ TOTAL ASSETS $ 2,342 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 1,400 Retained earnings 1,229 Retained earnings - current year 29 Dividends - common shares (750) __________ Total Capitalization 1,908 __________ Current Liabilities: Total accounts payable 92 Notes payable to associated companies 580 __________ Total Current Liabilities 672 __________ Other: Deferred income taxes (238) __________ Total Other (238) __________ TOTAL LIABILITIES $ 2,342 ==========
A.42 NIPSCO EXPLORATION COMPANY, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ 68 Other income 17 __________ Total Revenues 85 __________ Operating Expenses and Taxes: Administrative and general expenses 66 Taxes other than income 2 Interest expense 2 Tax expense (14) __________ Total Operating Expense and Taxes 56 __________ NET INCOME (LOSS) $ 29 ==========
A.42 NIPSCO EXPLORATION COMPANY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ 1,229 Net Income 29 Dividends declared - common (750) __________ BALANCE AT END OF YEAR $ 508 ==========
A.43 SHORE LINE SHOPS, INCORPORATED BALANCE SHEET December 31, 1995 (Dollars in Thousands) ASSETS Current Assets: Cash and cash equivalents $ 38 Accounts receivable - associated companies 633 __________ Total Current Assets 671 __________ Other Property and Investments: Other property at cost less depreciation 16 Investments at cost 216 __________ Total Other Property and Investments 232 __________ TOTAL ASSETS $ 903 ========== CAPITALIZATION AND LIABILITIES Capitalization: Common shares without par value $ 73 Retained earnings (1,958) Retained earnings - current year (165) __________ Total Capitalization (2,050) __________ Current Liabilities: Total accounts payable 2,558 Taxes accrued 23 Notes payable to associated companies 670 __________ Total Current Liabilities 3,251 __________ Other: Deferred income taxes (298) __________ Total Other (298) __________ TOTAL LIABILITIES $ 903 ==========
A.43 SHORE LINE SHOPS, INCORPORATED INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) Operating Revenues: Total operating revenue $ (125) Other income 1 __________ Total Revenues (124) __________ Operating Expenses and Taxes: Administrative and general expenses 30 Taxes other than income 54 Interest expense 82 Tax expense (125) __________ Total Operating Expenses and Taxes 41 __________ NET INCOME (LOSS) $ (165) ==========
A.43 SHORE LINE SHOPS, INCORPORATED STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) Balance at Beginning of Year $ (1,958) Net Income (165) __________ BALANCE AT END OF YEAR $ (2,123) ==========
A.44 PRIMARY ENERGY, INC. BALANCE SHEET December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
A.44 PRIMARY ENERGY, INC. INCOME STATEMENT For the Year Ended December 31, 1995 (Dollars in Thousands) (No Activity) $ 0 ==========
A.44 PRIMARY ENERGY, INC. STATEMENT OF RETAINED EARNINGS For the Year Ended December 31, 1995 (Dollars in Thousands) (None - Zero Amounts) $ 0 ==========
EX-99.B 4 EXHIBIT-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, 1996. 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 46320-1775 -----END PRIVACY-ENHANCED MESSAGE-----