-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, hS4cGkRYKyOrkmp4ec0j4lwdM9VPox9da0UTYtMobJHDqHv5fuUe0jbfX2Jho7R9 kceA04VXI4o6EaT/JRVbdw== 0000896058-94-000015.txt : 19940228 0000896058-94-000015.hdr.sgml : 19940228 ACCESSION NUMBER: 0000896058-94-000015 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN INDIANA GAS & ELECTRIC CO CENTRAL INDEX KEY: 0000092195 STANDARD INDUSTRIAL CLASSIFICATION: 4931 IRS NUMBER: 350672570 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 35 SEC FILE NUMBER: 069-00329 FILM NUMBER: 94512812 BUSINESS ADDRESS: STREET 1: 20 NW FOURTH ST CITY: EVANSVILLE STATE: IN ZIP: 47741-0001 BUSINESS PHONE: 8124655300 U-3A-2 1 SOUTHERN INDIANA GAS AND ELECTRIC CO U-3A-2 FORM U-3A-2 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the Provisions of the Public Utility Holding Company Act of 1935 To be filed Annually Prior to March 1 SOUTHERN INDIANA GAS AND ELECTRIC COMPANY hereby files with the Securities and Exchange Commission pursuant to Rule 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. Southern Indiana Gas and Electric Company (the "Company") is an operating public utility incorporated on June 10, 1912 under the laws of the State of Indiana. The Company is located in Evansville, Indiana and is engaged in the generation, transmission, distribution and sale of electricity and the purchase, transportation, distribution and sale of natural gas in southwestern Indiana. In January 1986 the Company formed Southern Indiana Properties, Inc. ("Properties"), an Indiana corporation, as a wholly-owned subsidiary. Properties owns and manages certain investment properties. Properties is located in Evansville, Indiana. Properties has interests in the following companies: A. Limited partnership interests in low income housing as follows: a. 50.0% in Multihousing I, II, III and IV, located in three small communities in the Des Moines area, b. 99.0% in House Investments - Martz Tax Credit Fund I, located in four small communities in the Ft. Wayne, Indiana area, c. 82.0% in House Investments - Martz Tax Credit Fund II, located in four small communities in northwestern Ohio, d. 99.0% in Prestwick Square, located in Marion, Indiana, e. 95.0% in Pleasant View Housing, located in Hanover, Indiana, f. 50.0% in Paragus I, located in Indianapolis, Indiana, g. 50.0% in Paragus II, located in Shelbyville, Indiana, h. 99.0% in Lafayette Housing Associates, located in Lafayette, Indiana, i. 88.3% in Bradford Run, located in Kokomo, Indiana, B. 66.7% limited partnership interest in Merrillville Motel Association, located in Merrillville, Indiana, which owns a Lees Inn located on Interstate 65, Merrillville, Indiana, C. .25% limited partnership interest in Boston Financial Qualified, an investment fund in connection with Boston Housing III, located in Boston, Massachusetts, which invests in low income housing projects nationwide, D. 33.0% limited partnership interest in Richmond Motel Associates, which owns a Lees Inn located on Interstate 70, Richmond, Indiana, E. 36.0% limited partnership interest in Kankakee Motel Association, which owns a Lees Inn in Kankakee, Illinois, F. 99.0% limited partnership interest in Martin Lamplighter, which owns various properties located in communities in Illinois and Indiana, G. 50.0% general partnership interest in SIRO, an equipment lessor, located in Evansville, Indiana, H. 19.5% limited partnership interest in Garden Spot and Ohio, which owns a short line railroad running from Browns, Illinois to Henderson, Kentucky, passing through Evansville, Indiana, I. 9.4% limited partnership interest in Nursing Home Partners I, which owns two nursing homes located in southwestern Indiana, J. 100% interest in Southwest Lease Capital, Inc., an Indiana corporation, located in Evansville, Indiana which owns a 100.0% interest in Southern Indiana Joint Ventures, Inc., a Delaware corporation, located in Evansville, Indiana, which was organized to provide a vehicle to enter into leveraged lease transactions on a joint venture basis with its minority stockholder. Southern Indiana Joint Ventures, Inc. owns a 100% interest in the following companies: a. MCN Equities, Inc., a Delaware corporation, located in Evansville, Indiana, which owns an office building located in Lombard, Illinois, b. Joint Ventures Affiliated, Inc., an Indiana corporation, located in Evansville, Indiana, which owns a 6-1/2% interest in a paper mill, located in Duluth, Minnesota, c. Joint Ventures Affiliated II, Inc., an Indiana corporation, located in Evansville, Indiana, which owns a 9.3% interest in a pump storage reservoir, located in New Jersey, K. 50% interest in Old Post Office Place Inc., an Indiana corporation, located in Evansville, Indiana, the General Partner for the limited partnership which owns the Old Post Office Development Project in downtown Evansville, Indiana, L. 100% interest in Southern Indiana Investments Corporation, an Indiana corporation, located in Evansville, Indiana, engaged in making mortgage loans on commercial real estate, M. 100% interest in Southwestern Indiana Hospitality, Inc., an Indiana corporation, located in Evansville, Indiana, engaged in investments in project debt of corporate entities, presently Lees Inns of America, N. 15.0% interest in Nederlandse Spoorwegen (Dutch Rail), a Dutch corporation, located in Utrecht, Holland, engaged in rail transportation throughout the Netherlands. On December 22,1986, the Company acquired approximately 33% of the outstanding common stock of Community Natural Gas Company, Inc. ("Community"), an Indiana corporation, which is a small Indiana gas distribution company with offices in Mt. Carmel, Illinois. Community conducts its business in southwestern Indiana. Subject to various approvals, including approval under the Public Utility Holding Act of 1935, the Company has agreed to acquire Lincoln Natural Gas Company, Inc., a small gas distribution company serving customers in the Rockport, Indiana area. An application on Form U-1 is being prepared but has not yet been filed. 2. The principal generating facilities of the Company include the Culley Station with 388,000 kW of capacity and Warrick Unit No. 4 with 135,000 kW of capacity, both located in Warrick County near Yankeetown, Indiana; and the A.B. Brown Station with 500,000 kW of capacity, located in Posey County about eight miles east of Mt. Vernon, Indiana. These facilities include six coal-fired generating units and have a combined generating capacity of 1,023,000 kW. The Company's Broadway Gas Turbine Units, with a capacity of 115,000 kW, are located in Evansville, Vanderburgh County, Indiana. This generating facility is equipped to burn oil and/or natural gas. These units generally are used only for reserve, peaking or emergency purposes due to the higher unit cost per kilowatt hour of generation when using oil or gas as fuel. The Company's Brown Gas Turbine I, with capacity of 80,000 MW, is located at the A.B. Brown Station. The unit is fueled by natural gas, although fuel oil can also be used if gas is unavailable. The main function of the gas turbine is generating adequate power during times of peak demand. However, it will also assist in maintaining voltage support on the west end of the system, and it can be used to "black start" the Brown plant if a catastrophe should cause a partial or total system blackout. The Company also owns two gas fired turbine generating units with a capacity of 20,000 kW, which are used for peaking and emergency purposes only. These units are known as the Northeast Gas Turbine Units and are located northeast of Evansville, in Vanderburgh County, Indiana. The Company's transmission system consists of 871 circuit miles of 138,000, 69,000 and 36,000 volt lines. The transmission system also includes 26 substations with an installed capacity of 3,874,724 kilovolt amperes. The electric distribution system includes 3,176 pole miles of lower voltage overhead lines and 180 trench miles of conduit containing 987 miles of underground distribution cables. The distribution system also includes 86 distribution substations with an installed capacity of 1,306,508 kilovolt amperes and 45,057 distribution transformers with an installed capacity of 1,771,152 kilovolt amperes. The Company owns and operates three underground gas storage fields with an estimated ready delivery from storage capability of 3.8 billion cubic feet of gas. The Oliver Field, in service since 1954, is located in Posey County, Indiana, about 13 miles west of Evansville; the Midway Field, in service since 1966, is located in Spencer County, Indiana, about 20 miles east of Evansville near Richland, Indiana; and, the Monroe City Field, in service since 1958, is located 10 miles east of Vincennes, Indiana. The Company's gas transmission system includes 324 miles of transmission mains, and the gas distribution system includes 2,196 miles of distribution mains. The only utility property the Company owns outside of Indiana is approximately eight miles of 138,000 volt electric transmission line which is located in Kentucky and which interconnects with Louisville Gas and Electric Company's transmission system at Cloverport, Kentucky. Community is a small gas utility that has several noncontiguous service territories in southwestern Indiana. Much of its service territory is adjacent to or near the gas service territory of the Company. Community has approximately 5,604 natural gas customers consisting of residential, commercial, industrial and public authority classes of service. Its gas distribution system includes approximately 339 miles of distribution mains. Community has no underground gas storage facilities. 3. For the year ended December 31,1993, the Company's retail and wholesale electric sales totaled 5,454,990,508 kWh, while its retail and transported gas sales totaled 28,193,812 Dth. The Company has no electric or gas retail sales outside the State of Indiana. For this same period, the Company had wholesale electric sales of 12,725,000 kWh to utilities located in Kentucky and Ohio. The Company had no gas wholesale sales outside of Indiana, or at the state line. During 1993, the Company purchased 266,871,000 kWh of power from utilities located in Kentucky and Ohio. For the year ended December 31,1993, the Company's retail gas sales totaled 16,823,270 Dth and 11,370,542 Dth of transported gas for end users for a total gas sold and transported of 28,193,812 Dth, all of which was distributed within the State of Indiana. For this same period, the Company had no gas wholesale sales. In 1993, the Company purchased for its system supply 5,066,547 Dth of natural gas from Texas Gas Transmission Corporation and Texas Eastern Corporation, its traditional or contract suppliers, and 12,203,868 Dth from twenty-two spot market gas suppliers. For the year ended December 31,1993, Community's retail gas sales totaled 775,112 Dth and 87,730 Dth of transported gas for end users for a total gas sold and transported of 862,842 Dth, all of which was distributed within the State of Indiana. For this same period, Community had no gas wholesale sales. In 1993, Community purchased for its system supply 219,384 Dth of natural gas from its four traditional or contract suppliers, Texas Gas Transmission Corporation, Texas Eastern Corporation, ANR Pipeline and Midwest Gas, and 575,435 Dth from six spot market gas suppliers. 4. The Company does not hold any interest in an exempt wholesale generator or foreign utility company. Exhibit A: Consolidating statement of income and surplus of the Company (and its subsidiary company) for the year ended December 31, 1993, together with a consolidating balance sheet of the Company (and its subsidiary company) as of the close of such calendar year. Exhibit B: Financial data schedule. The above named Company has caused this statement to be duly executed on its behalf by its authorized officer on this 25th day of February, 1994. SOUTHERN INDIANA GAS AND ELECTRIC COMPANY By /s/ A.E. Goebel --------------------------------------- A.E. Goebel Senior Vice President, Chief Financial Officer, Secretary and Treasurer ATTEST: /s/ G.C. Griepenstroh - ---------------------------- G.C. Griepenstroh Assistant Secretary The name, title and address of the officer to whom notice and correspondence concerning this statement should be addressed is: A.E. Goebel Senior Vice President, Chief Financial Officer, Secretary and Treasurer Southern Indiana Gas and Electric Company 20 N.W. Fourth Street Evansville, Indiana 47741-0001 EX-1 2 SOUTHERN INDIANA GAS & ELECTRIC CO EXH. - A EXHIBIT A _________ SOUTHERN INDIANA GAS AND ELECTRIC COMPANY Consolidating Trial Balance For Twelve Months Ending December 31, 1993 01/25/94
Adjustments & Eliminations -------------------------- SIGECO SIPI Debits Credits Total -------------- ------------- ------------- ------------- -------------- ASSETS Utility Plant at cost: Electric 879,475,583.34 879,475,583.34 Gas 107,100,140.84 107,100,140.84 Accumulated Depreciation (423,730,028.50) (423,730,028.50) Cwip 72,615,109.87 72,615,109.87 Investment in SIPI 27,375,521.88 27,375,521.88 (A) -- Investments in leveraged leases -- 34,923,746.22 34,923,746.22 Investments in partnerships -- 25,022,520.12 25,022,520.12 Funds held by Trustee 22,613,443.93 22,613,443.93 Nonutility property & other 1,740,097.92 6,257,184.42 7,997,292.34 Cash and cash equivalents 2,318,747.09 3,621,804.74 184,477.27 (D) 5,756,074.56 Cash - Restricted -- -- 8,749,049.32 (I) 8,749,049.32 Temporary investments 1,470.00 6,540,032.48 1,470.00 (H) 6,540,032.48 Receivables, net 28,941,415.57 17,737.90 1,470.00 (H) 600,986.30 (E & K) 29,359,637.17 Notes receivable from assoc. co. -- 807,887.24 -- 807,887.24 (G) -- Fuel (coal and oil) 14,533,424.91 14,533,424.91 Materials and supplies 13,720,174.69 13,720,174.69 Gas in underground storage 9,936,059.26 9,936,059.26 Other current assets 2,317,388.42 717,932.23 11,175.05 (J) 3,046,475.70 Unamortized def. return on ABB #2 -- -- Unamortized prem. on reacq. debt 7,100,095.65 7,100,095.65 Post-retire. ben. oblig. oth. than pensions 3,537,387.49 599,155.96 (K) 11,175.05 (J) 4,125,368.40 Coal contract settlement 13,295,475.78 13,295,475.78 Other deferred charges 18,843,094.83 -- 18,843,094.83 -------------- ------------- -------------- 801,734,582.95 77,908,855.35 860,022,770.91 ============== ============= ============== SHAREHOLDERS' EQUITY AND LIABILITIES Common Stock (102,691,493.38) (1,000,000.00) 1,000,000.00 (A) (102,691,493.38) Additional paid-in capital (14,200,000.00) 14,200,000.00 (A) -- Retained Earnings (204,058,156.42) (12,175,521.86) 12,175,521.86 (A) (204,058,156.42) Treasury stock 24,540,080.00 24,540,080.00 Cumulative preferred stock (18,589,500.00) (18,589,500.00) Cumulative special preferred stock (1,015,000.00) (1,015,000.00) Long-term debt less current mat. (254,837,341.27) (6,262,540.37) (261,099,881.64) Long-term Partnership Obligations -- (12,881,054.00) (12,881,054.00) Current por. of adj. rate p.c. bonds (41,475,000.00) (41,475,000.00) Notes payable (11,000,000.00) (11,000,000.00) Maturing long-term debt (100,000.00) (663,018.35) (763,018.35) Maturing Partnership Obligations -- (3,849,200.00) (3,849,200.00) Accounts payable (33,918,764.01) (18,194.13) 184,477.27 (D) (33,752,480.87) Notes payable to Assoc. Company -- -- Dividends payable (135,642.96) (E & G) (135,642.96) Accrued taxes (8,980,141.29) 239,227.38 809,717.58 -- (7,931,196.33) Accrued interest (4,510,688.68) (6,190.48) (4,516,879.16) Refunds to customers (3,397,708.01) (3,397,708.01) Other accrued liabilities (10,011,500.40) (28,844.82) 8,748,048.32 (I) (18,789,394.54) Accumulated deferred income taxes (90,203,702.00) (27,063,518.72) (117,267,220.72) Accumulated deferred ITC (28,548,529.81) (26,548,529.81) Regulatory liability - FAS 109 (7,197,290.00) (7,197,290.00) Post-retire. ban. oblig. oth. than pensions (4,125,369.00) (4,125,369.00) Other (3,478,835.72) -- (3,478,835.72) ---------------- --------------- ---------------- (801,734,582.95) (77,908,855.35) (860,022,770.91) ================ =============== ================ INCOME STATEMENT Operating Revenues Electric (258,405,120.72) (258,405,120.72) Gas (70,116,009.63) (70,116,009.83) Fuel for electric generation 81,080,107.97 81,080,107.97 Purchased electric energy 9,347,518.26 9,347,518.26 Cost of gas sold 50,544,488.63 50,544,488.63 Other 40,491,999.74 48,531.96 (C) 40,540,531.70 Maintenance 26,655,069.86 26,655,069.86 Depreciation and amortization 36,938,790.00 36,938,790.00 Federal and state inc. tax. 18,343,177.00 18,405.75 (F) 18,324,771.25 Property and other taxes 13,447,343.81 13,447,343.81 AFUDC (other) (3,092,028.83) (3,092,028.83) Interest (498,355.55) 421,229.06 (B) (919,584.61) Other, net (2,549,991.20) 68,154.41 48,531.96 (2,530,368.75) Interest on long-term debt 18,437,307.16 (B & F) (C) 18,437,307.16 Amort of prem., disc. & exp on debt 772,761.24 772,761.24 Other interest 375,096.73 371,480.40 (B) 746,577.13 AFUDC (borrowed) (1,425,468.84) (1,425,468.84) --------------- ------------- ------------- ------------- --------------- NET INCOME (39,653,314.37) -- 38,218,733.81 38,218,733.81 (39,653,314.37) =============== ============= ============= ============= ===============
EX-2 3 SOUTHERN INDIANA GAS & ELECTRIC CO EXH. - B EXHIBIT B Item No. Caption Heading 1. Total Assets $860,022,770.91 2. Total Operating Revenues 328,521,130.35 3. Net Income 39,653,314.37 -----END PRIVACY-ENHANCED MESSAGE-----