March 21, 2002
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
INTERIM REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
NiSOURCE INC.
801 E. 86(TH) AVE.
MERRILLVILLE, IN 46410
FILE NO. 70-9681 AND 70-9945
Gentlemen:
In compliance with the terms and conditions of Rule 24 under the Public
Utility Holding Company Act of 1935, and (i) the Orders of the Commission dated
November 1, 2000 and March 21, 2001 in File No. 70-9681, and (ii) the Orders of
the Commission dated December 19, 2001, June 6, 2002 and August 8, 2002 in File
No. 70-9945, authorizing the financing transactions and business activities as
more fully described in the Joint Applications/Declarations, as amended, in
those proceedings, the undersigned hereby certifies to the Commission that,
during the quarter ended December 31, 2002:
1. The sales of any common stock and the purchase price per share and the
market price per share at the date of the agreement of sale
In November 2002, NiSource issued 41.4 million shares of
common stock at a per-share price of $18.30 ($17.75 on a net
basis).
2. The total number of shares of common stock issued or issuable under
options granted during the quarter under NiSource Inc.'s benefit plans
or otherwise
766,135 shares
3. If common stock has been transferred to a seller of securities of a
company being acquired, the number of shares so issued, the value per
share and whether the shares are restricted to the acquirer
None
4. The amount and terms of any long-term debt, preferred stock or other
preferred or equity-linked securities, or short-term debt, issued
directly or indirectly by NiSource during the quarter
Please see Exhibit 1
5. The amount and terms of any short-term debt issued directly or
indirectly by any utility subsidiary during the quarter
Please see Exhibit 2
6. The amount and terms of any financing consummated by any non-utility
subsidiary during the quarter that are not exempt under rule 52
None
7. The name of the guarantor and of the beneficiary of any NiSource
guarantee or non-utility subsidiary guarantee issued during the
quarter, and the amount, terms and purpose of the guarantee
Please see Exhibit 3
1
8. The notional amount and principal terms of any interest rate hedge or
anticipatory hedge entered into during the quarter and the identity of
the parties to such instruments
None
9. The name, parent company, and amount invested in any new intermediate
subsidiary or financing subsidiary during the quarter
None
10. A list of Form U-6B-2 statements filed with the commission during the
quarter, including the name of the filing entity and the date of the
filing
None
11. Consolidated balance sheets as of the end of the quarter, and separate
balance sheets as of the end of the quarter for each company, including
NiSource, that has engaged in financing transactions during the quarter
Please see the attached Exhibits 4 through 14 for balance
sheets for NiSource, Northern Indiana Public Service Company,
Bay State Gas Company, Northern Utilities, Kokomo Gas and
Fuel, Northern Indiana Fuel and Light, Columbia Gas of
Kentucky, Columbia Gas of Ohio, Columbia Gas of Pennsylvania
Columbia Gas of Virginia and Columbia Gas of Maryland.
12. The maximum outstanding amount of all borrowings under or investments
in the Money Pool by each Money Pool participant during the quarter,
and the rate or range of rates charged on Money Pool investments during
the quarter
Please see Exhibit 15
13. The number of shares of common stock issued by Columbia Maryland to
Columbia during the quarter and the price per share paid
None
14. The principal amount, interest rate and maturity of any long-term debt
security issued by Columbia Maryland to Columbia during the quarter
None
Very truly yours,
NiSource Inc.
By: /s/ J. W. Grossman
----------------------
J. W. Grossman
Vice President
2
EXHIBIT #1
NiSOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #4
AMOUNT ISSUED DURING AMOUNT OUTSTANDING TYPE OF DEBT
COMPANY FOURTH QUARTER OF 2002 DECEMBER 31, 2002 OR SECURITY TERMS
-------------------------------------------------------------------------------------------------------------------------
NiSource Finance Corp. 28,500,000 150,000,000 Short-term Debt Commercial paper
borrowing with a
weighted average
interest rate of 2.25%
NiSource Finance Corp. - 763,130,000 Short-term Debt Credit facility
advances with a
weighted average
interest rate of 2.107%
NiSource Finance Corp. - 5,018,000,000 Long-term Debt Various maturity dates
and weighted average
interest rates
-------------------------------------------------------------------------------------------------------------------------
3
EXHIBIT #2
NiSOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #5
INTER-COMPANY DEBT
OUTSTANDING AT WEIGHTED AVERAGE
LENDING COMPANY BORROWING SUBSIDIARY DECEMBER 31, 2002 INTEREST RATE
-----------------------------------------------------------------------------------------------------------------
NiSource Finance Corp. Northern Indiana Public Service Company 273,084 2.31%
NiSource Finance Corp. Bay State Gas Company 70,208 2.31%
NiSource Finance Corp. Northern Utilities, Inc. 11,566 2.31%
-----------------------------------------------------------------------------------------------------------------
4
EXHIBIT #3
NiSOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM # 7
GUARANTEES
ISSUED DURING
GUARANTOR SUBSIDIARY 4TH QUARTER 2002 PURPOSE
---------------------------------------------------------------------------------------------------------------------------------
NiSource Capital Markets Bay State Gas Co. 6,785,000 Guarantee operating leases
NiSource Kokomo Gas & Fuel Co. 5,000,000 Guarantee energy trading contracts
NiSource Columbia Energy Services Corp. 9,000,000 Guarantee energy trading contracts
NiSource Northern Indiana Fuel & Light Co. 3,500,000 Guarantee energy trading contracts
---------------------------------------------------------------------------------------------------------------------------------
5
EXHIBIT #4
NiSOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
Property, Plant, and Equipment:
Utility plant $ 16,434,919
Accumulated depreciation and amortization (7,998,157)
------------------------------------------------------------------------------------------------
Net Utility Plant 8,436,762
------------------------------------------------------------------------------------------------
Gas and oil producing properties, successful efforts method
United States cost center 1,056,329
Canadian cost center 5,933
Accumulated depletion (122,747)
------------------------------------------------------------------------------------------------
Net gas and oil producing properties 939,515
------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation 691,712
------------------------------------------------------------------------------------------------
Net Property, Plant and Equipment 10,067,989
------------------------------------------------------------------------------------------------
Investments:
Assets of discontinued operations 79,207
Unconsolidated affiliates 118,812
Assets held for sale 26,148
Other investments 51,844
------------------------------------------------------------------------------------------------
Total Investments 276,011
------------------------------------------------------------------------------------------------
Current Assets:
Cash and cash equivalents 54,258
Restricted cash 1,900
Accounts receivable - less reserve 580,073
Unbilled revenue - less reserve 305,152
Gas inventory 255,301
Underrecovered gas and fuel costs 149,900
Material and supplies, at average cost 65,932
Electric production fuel, at average cost 39,029
Price risk management asset 66,574
Exchange gas receivable 120,827
Prepayments and other 229,529
------------------------------------------------------------------------------------------------
Total Current Assets 1,868,475
------------------------------------------------------------------------------------------------
Other Assets:
Price risk asset long term 116,873
Regulatory assets 608,788
Goodwill 3,707,627
Intangible assets 57,342
Deferred charges and other 193,775
------------------------------------------------------------------------------------------------
Total Other Assets 4,684,405
------------------------------------------------------------------------------------------------
Total Assets $ 16,896,880
================================================================================================
6
EXHIBIT #4
NiSOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock Equity $ 4,174,842
Preferred Stocks -
Subsidiary Companies
Series without mandatory redemption provisions 81,114
Series with mandatory redemption provisions 3,814
Company - obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely Company debentures 345,000
Long-term debt, excluding amounts due within one year 5,017,995
------------------------------------------------------------------------------------------------
Total Capitalization 9,622,765
------------------------------------------------------------------------------------------------
Current Liabilities:
Current portion of long-term debt 1,232,593
Short-term borrowings 913,130
Accounts payable 521,609
Dividends declared on common and preferred stocks 1,115
Customer deposits 65,157
Taxes accrued 242,139
Interest accrued 88,293
Overrecovered gas and fuel costs 13,110
Price risk management liabilities 44,878
Exchange gas payable 411,912
Current deferred revenue 130,197
Other accruals 513,256
------------------------------------------------------------------------------------------------
Total current liabilities 4,177,389
------------------------------------------------------------------------------------------------
Other:
Price risk management liabilities 3,225
Deferred income taxes 1,861,713
Deferred investment tax credits 96,297
Deferred credits 145,044
Non-current deferred revenue 305,400
Accrued liability for postretirement and pension benefits 433,158
Liabilities of discontinued operations 2,095
Other noncurrent liabilities 249,794
------------------------------------------------------------------------------------------------
Total other 3,096,726
------------------------------------------------------------------------------------------------
Total Capitalization and Liabilities $ 16,896,880
================================================================================================
7
EXHIBIT #5
NORTHERN INDIANA PUBLIC SERVICE COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 6,415,603
Accumulated depreciation and amortization (3,547,661)
------------------------------------------------------------------------------------------------
Net Utility Plant 2,867,942
------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 8,715
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 4,331
Accounts receivable - less reserve 93,677
Unbilled revenue - less reserve 72,964
Gas cost adjustment clause 50,097
Material and supplies, at average cost 44,321
Electric production fuel, at average cost 39,029
Natural gas in storage, at last in, first-out cost 15,501
Price risk management assets 3,531
Prepayments and other 36,210
------------------------------------------------------------------------------------------------
Total Current Assets 359,661
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 225,614
Intangible assets 25,086
Prepayments and other 5,043
------------------------------------------------------------------------------------------------
Total Other Assets 255,743
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 3,492,061
================================================================================================
8
EXHIBIT #5
NORTHERN INDIANA PUBLIC SERVICE COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 899,622
Preferred Stocks -
Series without mandatory redemption provisions 81,114
Series with mandatory redemption provisions 3,814
Long-term debt, excluding amount due within one year 713,351
------------------------------------------------------------------------------------------------
Total Capitalization 1,697,901
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 130,000
Short-term borrowings 448,899
Accounts payable 187,502
Dividends declared on common and preferred stock 1,115
Customer deposits 39,346
Taxes accrued 70,986
Interest accrued 9,854
Accrued employment costs 35,692
Price risk management liabilities 808
Other accruals 46,824
------------------------------------------------------------------------------------------------
Total current liabilities 971,026
------------------------------------------------------------------------------------------------
OTHER:
Regulatory liabilities 4,903
Deferred income taxes 488,836
Deferred investment tax credits 64,315
Deferred credits 43,176
Accrued liability for postretirement and pension benefits 219,023
Other noncurrent liabilities 2,881
------------------------------------------------------------------------------------------------
Total other 823,134
------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 3,492,061
================================================================================================
9
EXHIBIT #6
BAY STATE GAS COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,419,912
Accumulated depreciation and amortization (347,189)
------------------------------------------------------------------------------------------------
Net Utility Plant 1,072,723
------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 2,280
------------------------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 34
------------------------------------------------------------------------------------------------
Total Investments 34
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 772
Accounts receivable - less reserve 61,984
Unbilled revenue - less reserve 55,262
Gas Inventory 19,891
Underrecovered gas and fuel costs 5,057
Material and supplies, at average cost 4,743
Price risk management asset 311
Exchange gas receivable 16,270
Prepayments and other 16,276
------------------------------------------------------------------------------------------------
Total Current Assets 180,566
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Price risk management asset 45
Regulatory assets 30,409
Goodwill 859
Intangible assets 9,341
Deferred charges and other 14,793
------------------------------------------------------------------------------------------------
Total Other Assets 55,447
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 1,311,050
================================================================================================
10
EXHIBIT #6
BAY STATE GAS COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 520,652
Long-term debt excluding amt due within one year 86,333
------------------------------------------------------------------------------------------------
Total Capitalization 606,985
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 76,130
Short-term borrowings 230,085
Accounts payable 10,544
Customer deposits 3,881
Taxes accrued 6,842
Interest accrued 2,803
Current deferred revenue 600
Other accruals 46,328
------------------------------------------------------------------------------------------------
Total current liabilities 377,213
------------------------------------------------------------------------------------------------
OTHER:
Price risk management liabilities 8
Deferred income taxes 295,810
Deferred investment tax credits 2,877
Accrued liability for postretirement and pension benefits 12,490
Other noncurrent liabilities 15,667
------------------------------------------------------------------------------------------------
Total other 326,852
------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,311,050
================================================================================================
11
EXHIBIT #7
NORTHERN UTILITIES, INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 257,236
Accumulated depreciation and amortization (56,162)
------------------------------------------------------------------------------------------------
Net Utility Plant 201,074
------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 2,206
------------------------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 2
------------------------------------------------------------------------------------------------
Total Investments 2
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 316
Accounts receivable - less reserve 15,649
Unbilled revenue - less reserve 7,263
Gas inventory 782
Underrecovered gas and fuel costs 2,557
Material and supplies, at average cost 738
Price risk management asset 310
Exchange gas receivable 11,557
Prepayments and other 4,038
------------------------------------------------------------------------------------------------
Total Current Assets 43,210
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Price risk management asset 45
Regulatory assets 18,694
Goodwill 859
Intangible assets 870
Deferred charges and other 1,333
------------------------------------------------------------------------------------------------
Total Other Assets 21,801
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 268,293
================================================================================================
12
EXHIBIT #7
NORTHERN UTILITIES, INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 110,746
Long-term debt excluding amt due within one year 5,833
------------------------------------------------------------------------------------------------
Total Capitalization 116,579
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 61,130
Short-term borrowings 11,549
Accounts payable 2,949
Customer deposits 901
Taxes accrued 2,252
Interest accrued 173
Other accruals 11,323
------------------------------------------------------------------------------------------------
Total current liabilities 90,277
------------------------------------------------------------------------------------------------
OTHER:
Price risk management liabilities 8
Deferred income taxes 50,888
Deferred investment tax credits 264
Accrued liability for postretirement and pension benefits 2,328
Other noncurrent liabilities 7,949
------------------------------------------------------------------------------------------------
Total other 61,437
------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 268,293
================================================================================================
13
EXHIBIT #8
KOKOMO GAS AND FUEL COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 79,310
Accumulated depreciation and amortization (38,693)
------------------------------------------------------------------------------------------------
Net Utility Plant 40,617
------------------------------------------------------------------------------------------------
INVESTMENTS:
Unconsolidated affiliates 5
------------------------------------------------------------------------------------------------
Total Investments 5
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 1,270
Accounts receivable - less reserve 4,482
Unbilled revenue - less reserve 2,145
Gas Inventory 830
Underrecovered gas and fuel costs 766
Material and supplies, at average cost 388
Prepayments and other 55
------------------------------------------------------------------------------------------------
Total Current Assets 9,936
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Intangible assets 208
Deferred charges and other 358
------------------------------------------------------------------------------------------------
Total Other Assets 566
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 51,124
================================================================================================
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 35,653
------------------------------------------------------------------------------------------------
Total Capitalization 35,653
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 5,231
Customer deposits 456
Taxes accrued 288
Interest accrued 143
Other accruals 1,488
------------------------------------------------------------------------------------------------
Total current liabilities 7,606
------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 3,305
Deferred investment tax credits 465
Deferred credits 1,110
Accrued liability for postretirement and pension benefits 1,500
Other noncurrent liabilities 1,485
------------------------------------------------------------------------------------------------
Total other 7,865
------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 51,124
================================================================================================
14
EXHIBIT #9
NORTHERN INDIANA FUEL AND LIGHT COMPANY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 73,217
Accumulated depreciation and amortization (26,626)
------------------------------------------------------------------------------------------------
Net Utility Plant 46,591
------------------------------------------------------------------------------------------------
OTHER PROPERTY AND INVESTMENTS 532
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 474
Accounts receivable - less reserve 8,400
Unbilled revenue - less reserve 2,669
Gas inventory 3,851
Underrecovered gas and fuel costs 3,890
Material and supplies, at average cost 369
Prepayments and other 52
------------------------------------------------------------------------------------------------
Total Current Assets 19,705
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 112
Intangible assets 318
Deferred charges and other 764
------------------------------------------------------------------------------------------------
Total Other Assets 1,194
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 68,022
================================================================================================
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 46,350
------------------------------------------------------------------------------------------------
Total Capitalization 46,350
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 5,260
Customer deposits 309
Taxes accrued 740
Interest accrued 36
Other accruals 1,106
------------------------------------------------------------------------------------------------
Total current liabilities 7,451
------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 5,160
Deferred investment tax credits 302
Accrued liability for postretirement and pension benefits 6,671
Other noncurrent liabilities 2,088
------------------------------------------------------------------------------------------------
Total other 14,221
------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 68,022
================================================================================================
15
EXHIBIT #10
COLUMBIA GAS OF KENTUCKY
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 233,229
Accumulated depreciation and amortization (105,257)
------------------------------------------------------------------------------------------------
Net Utility Plant 127,972
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 944
Accounts receivable - less reserve 25,819
Unbilled revenue - less reserve 10,652
Gas inventory 10,906
Underrecovered gas and fuel costs 8,441
Exchange gas receivable 7,053
Prepayments and other 1,385
------------------------------------------------------------------------------------------------
Total Current Assets 65,200
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 5,521
Intangible assets 66
Deferred charges and other 777
------------------------------------------------------------------------------------------------
Total Other Assets 6,364
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 199,536
================================================================================================
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 70,636
Long-term debt excluding amt due within one year 42,181
------------------------------------------------------------------------------------------------
Total Capitalization 112,817
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 29
Accounts payable 19,042
Customer deposits 2,556
Taxes accrued 5,074
Interest accrued 630
Price risk management liabilities 239
Exchange gas payable 29,314
Other accruals 11,921
------------------------------------------------------------------------------------------------
Total current liabilities 68,805
------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 10,882
Deferred investment tax credits 1,302
Accrued liability for postretirement and pension benefits 843
Other noncurrent liabilities 4,887
------------------------------------------------------------------------------------------------
Total other 17,914
------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 199,536
================================================================================================
16
EXHIBIT #11
COLUMBIA GAS OF OHIO
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,542,682
Accumulated depreciation and amortization (670,291)
------------------------------------------------------------------------------------------------
Net Utility Plant 872,391
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 3,970
Accounts receivable - less reserve 67,453
Unbilled revenue - less reserve 101,870
Gas inventory 131,407
Underrecovered gas and fuel costs 31,210
Exchange gas receivable 28,957
Prepayments and other 56,536
------------------------------------------------------------------------------------------------
Total Current Assets 421,403
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 201,801
Intangible assets 968
Deferred charges and other 70,211
------------------------------------------------------------------------------------------------
Total Other Assets 272,980
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 1,566,774
================================================================================================
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 436,965
Long-term debt excluding amt due within one year 307,054
------------------------------------------------------------------------------------------------
Total Capitalization 744,019
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Current portion of long-term debt 178
Accounts payable 139,327
Customer deposits 10,943
Taxes accrued 71,184
Interest accrued 1,331
Price risk management liabilities 2,311
Exchange gas payable 214,833
Other accruals 133,646
------------------------------------------------------------------------------------------------
Total current liabilities 573,753
------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 120,491
Deferred investment tax credits 15,766
Accrued liability for postretirement and pension benefits 52,205
Other noncurrent liabilities 60,540
------------------------------------------------------------------------------------------------
Total other 249,002
------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,566,774
================================================================================================
17
EXHIBIT #12
COLUMBIA GAS OF PENNSYLVANIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 661,495
Accumulated depreciation and amortization (224,413)
------------------------------------------------------------------------------------------------
Net Utility Plant 437,082
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 4,300
Accounts receivable - less reserve 60,823
Unbilled revenue - less reserve 41,027
Gas inventory 53,180
Underrecovered gas and fuel costs 50,438
Exchange gas receivable 17,900
Prepayments and other 17,532
------------------------------------------------------------------------------------------------
Total Current Assets 245,200
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 68,876
Intangible assets 295
Deferred charges and other 2,249
------------------------------------------------------------------------------------------------
Total Other Assets 71,420
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 753,702
================================================================================================
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 206,881
Long-term debt excluding amt due within one year 185,215
------------------------------------------------------------------------------------------------
Total Capitalization 392,096
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Short-term borrowings 55,901
Accounts payable 51,498
Customer deposits 2,303
Interest accrued 13
Price risk management liabilities 716
Exchange gas payable 63,454
Other accruals 46,031
------------------------------------------------------------------------------------------------
Total current liabilities 219,916
------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 103,927
Deferred investment tax credits 7,506
Accrued liability for postretirement and pension benefits 13,056
Other noncurrent liabilities 17,201
------------------------------------------------------------------------------------------------
Total other 141,690
------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 753,702
================================================================================================
18
EXHIBIT #13
COLUMBIA GAS OF VIRGINIA
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 500,931
Accumulated depreciation and amortization (121,863)
------------------------------------------------------------------------------------------------
Net Utility Plant 379,068
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 1,672
Accounts receivable - less reserve 30,724
Unbilled revenue - less reserve 18,040
Gas inventory 15,717
Material and supplies, at average cost 524
Exchange gas receivable 1,138
Prepayments and other 14,867
------------------------------------------------------------------------------------------------
Total Current Assets 82,682
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 7,697
Intangible assets 120
Deferred charges and other 5,144
------------------------------------------------------------------------------------------------
Total Other Assets 12,961
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 474,711
================================================================================================
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 166,220
Long-term debt excluding amt due within one year 130,175
------------------------------------------------------------------------------------------------
Total Capitalization 296,395
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Short-term borrowings 37,039
Accounts payable 31,033
Customer deposits 4,810
Interest accrued 243
Overrecovered gas and fuel costs 12,067
Exchange gas payable 6,528
Other accruals 18,646
------------------------------------------------------------------------------------------------
Total current liabilities 110,366
------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 32,586
Deferred investment tax credits 2,074
Accrued liability for postretirement and pension benefits 5,910
Other noncurrent liabilities 27,380
------------------------------------------------------------------------------------------------
Total other 67,950
------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $ 474,711
================================================================================================
19
EXHIBIT #14
COLUMBIA GAS OF MARYLAND
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO. 70-9681
ITEM #11
As of December 31, (in thousands) 2002
------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 84,414
Accumulated depreciation and amortization (36,038)
------------------------------------------------------------------------------------------------
Net Utility Plant 48,376
------------------------------------------------------------------------------------------------
CURRENT ASSETS:
Cash and cash equivalents 292
Accounts receivable - less reserve 13,435
Unbilled revenue - less reserve 3,855
Gas inventory 3,488
Material and supplies, at average cost 132
Exchange gas receivable 5,045
Prepayments and other 2,202
------------------------------------------------------------------------------------------------
Total Current Assets 28,449
------------------------------------------------------------------------------------------------
OTHER ASSETS:
Regulatory assets 2,005
Intangible assets 20
Deferred charges and other 493
------------------------------------------------------------------------------------------------
Total Other Assets 2,518
------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 79,343
================================================================================================
------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 28,405
Long-term debt excluding amt due within one year 18,975
------------------------------------------------------------------------------------------------
Total Capitalization 47,380
------------------------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable 6,209
Customer deposits 389
Taxes accrued 1,197
Interest accrued 1
Overrecovered gas and fuel costs 1,043
Price risk management liabilities 77
Exchange gas payable 6,462
Other accruals 7,210
------------------------------------------------------------------------------------------------
Total current liabilities 22,588
------------------------------------------------------------------------------------------------
OTHER:
Deferred income taxes 5,619
Deferred investment tax credits 750
Accrued liability for postretirement and pension benefits 1,531
Other noncurrent liabilities 1,475
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Total other 9,375
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TOTAL CAPITALIZATION AND LIABILITIES $ 79,343
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EXHIBIT #15
NiSOURCE INC.
QUARTERLY REPORT UNDER RULE 24 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
FILE NO.70-9945
ITEM #12
MAXIMUM AMOUNT MAXIMUM AMOUNT AVERAGE INTEREST
OUTSTANDING DURING INVESTED DURING RATE DURING
SUBSIDIARY (AMOUNTS IN THOUSANDS) FOURTH QUARTER OF 2002 FOURTH QUARTER OF 2002 THIRD QUARTER OF 2002
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Alamco-Haug Hauling N/A 900 2.31%
Bay State Gas Company 218,889 0 2.31%
Columbia Assurance Agency, Inc. N/A 8 2.31%
Columbia Accounts Receivable Corporation N/A 9,080 2.31%
Columbia Atlantic Trading Corporation 0 3,662 2.31%
CNR Canada, Ltd. 5,208 0 2.31%
Columbia Energy Group Capital Corporation N/A 824 2.31%
Columbia Deep Water Services Company 766 2.31%
Columbia Electric Corporation N/A 3,849 2.31%
Columbia Energy Resources, Inc. N/A 4,985 2.31%
Columbia Energy Services Corporation 11,513 0 2.31%
Columbia Finance Corporation N/A 0 2.31%
Columbia Energy Group N/A 360,849 2.31%
Columbia Gulf Transmission Company 41,777 0 2.31%
Columbia Gas of Virginia, Inc. 37,092 0 2.31%
Columbia Insurance Corporation, Ltd. N/A 69 2.31%
Columbia Gas of Kentucky, Inc. 0 15,584 2.31%
Columbia LNG Corporation N/A 0 2.31%
Columbia Gas of Maryland, Inc. 9,743 2.31%
CNS Microwave, Inc. N/A 1,445 2.31%
Columbia Natural Resources, Inc. 80,539 0 2.31%
Columbia Network Services Corporation N/A 3,189 2.31%
Columbia Gas of Ohio, Inc. 0 353 2.31%
Columbia Gas of Pennsylvania, Inc. 55,983 0 2.31%
Columbia Propane Corporation 13,295 0 2.31%
CP Holdings, Inc. N/A 117 2.31%
Columbia Pipeline Corporation N/A 51 2.31%
Columbia Energy Power Marketing Corporation 0 0 2.31%
Columbia Remainder Corporation 0 0 2.31%
Crossroads Pipeline 31,285 0 2.31%
NiSource Corporate Services Company 37,515 0 2.31%
Columbia Service Partners, Inc. N/A 11,346 2.31%
Columbia Transmission Communications Corporation N/A 9,720 2.31%
NiSource Development Company, Inc. 178,687 0 2.31%
EnergyUSA, Inc. 46,903 0 2.31%
EnergyUSA, Inc. (MA) 2,503 0 2.31%
Granite State Gas Transmission 7,341 0 2.31%
Kokomo Gas and Fuel Company 0 2,004 2.31%
NiSource Capital Markets. Inc. N/A 172 2.31%
NI Energy Services, Inc. 45,564 0 2.31%
NiSource Energy Technologies, Inc. 20,850 0 2.31%
NiSource Finance Corp. N/A 593,630 2.31%
NiSource Inc. N/A 639,286 2.31%
Northern Indiana Fuel and Light Company, Inc. 0 3,414 2.31%
Northern Indiana Public Service Company 449,526 0 2.31%
NiSource Pipeline Group, Inc. 0 0 2.31%
Northern Utilities, Inc. 11,566 0 2.31%
Columbia Petroleum Corporation N/A 0 2.31%
Columbia Propane, L.P. N/A 1,739 2.31%
Primary Energy, Inc. 77,763 0 2.31%
Columbia Gas Transmission Corporation 287,591 0 2.31%
EnergyUSA-TPC Corp. 13,864 0 2.31%
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