e35vcert
 

March 18, 2005

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. 86th Ave.
Merrillville, IN 46410

File No. 70-10169

Gentlemen:

     In compliance with the terms and conditions of Rule 24 under the Public Utility Holding Company Act of 1935, and the Order of the Commission dated December 30, 2003, authorizing the financing transactions and business activities as more fully described in the Joint Application/Declaration, as amended, in those proceedings, the undersigned hereby certifies to the Commission that, during the quarter ended December 31, 2004:

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

None

2.   The total number of shares of common stock issued or issuable under options granted during the quarter under NiSource’s benefit plans or otherwise

267,522

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 acquiror

None

4.   The amount and terms of any long-term debt, preferred stock, preferred securities, equity-linked securities or short-term debt issued directly or indirectly by NiSource

Please see Exhibit 1

5.   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 borrowings and paid on money pool investments

Please see Exhibit 2

6.   The number of shares of common stock issued by Columbia to NiSource and the price per share paid

None

7.   The principal amount, interest rate and maturity of any long-term debt security issued by Columbia to NiSource Finance or other financing subsidiary of NiSource

None

8.   The number of shares of common stock issued by Columbia Maryland to Columbia and the price per share paid

None

1

 

9.     The principal amount, interest rate and maturity of any long-term debt security issued by Columbia Maryland to Columbia

None

10.   The amount and terms of any financings consummated by any non-utility subsidiary that are not exempt under Rule 52

None

11.   The name of the guarantor and of the beneficiary of any parent guarantee or non-utility subsidiary guarantee issued, and the amount, terms and purpose of the guarantee

Please see Exhibit 3

12.   The notional amount and principal terms of any interest rate hedge or anticipatory hedge entered into and identity of the parties to such instruments

Between October 27, 2004 and November 1, 2004, NiSource Finance entered into $900 million of forward starting interest rate swaps, hedging the future interest payments of long-term debt. The $900 million of forward starting swaps included $450 million notional value of 12-year forward starting swaps entered into with three counterparties and $450 million notional value of 15-year forward starting swaps entered into with three additional counterparties.

13.   The name, parent company, and amount invested in any new intermediate subsidiary or financing subsidiary

None

14.   A list of Form U-6B-2 statements filed with the Commission, including the name of the filing entity and the date of the filing

Columbia Energy Group U-6B-2 filed on behalf of Columbia of Ohio Receivables Corporation on November 15, 2004.

Northern Indiana Public Service Company U-6B-2 filed on behalf of NIPSCO Receivables Corporation on November 15, 2004.

Bay State Gas Company U-6B-2 filed on December 30, 2004.

15.   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 and Columbia, that has engaged in authorized financing transactions during the quarter

Please see the attached Exhibits 4 through 15 for balance sheets for NiSource, Columbia Energy Group, 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.

         
  Very truly yours,

NiSource Inc.
 		  
  By:   /s/ Jeffrey W. Grossman    
    Jeffrey 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. 70-10169
Item #4

                         
    Amount Issued During   Amount Outstanding        
    Fourth Quarter of 2004   December 31, 2004   Type of Debt    
Company   (in thousands)   (in thousands)   or Security   Terms
 
NiSource Finance Corp.
    -       307,605     Short-term Debt   Credit facility advances with a weighted average interest rate of 3.04%
 
                        
NiSource Finance Corp.
    450,000       450,000     Long-term Debt   Five-year floating rate unsecured notes that mature November 23, 2009
NiSource Inc.*
    -       5,685,812     Long-term Debt   Various maturity dates and weighted average interest rates
 
                        
Northern Indiana Public
Service Company
    -       81,114     Preferred Stock   Series without mandatory
redemption provisions
 

*   NiSource Inc. companies include Northern Indiana Public Service Company, Bay State Gas Company, Northern Utilities, Inc., NiSource Capital Markets, Inc., NDC Douglas, Columbia Energy Group, Whiting Leasing Company and NiSource Finance Corp. long-tem debt, of which approximately $4 billion is guaranteed by NiSource Inc.

3

 

Exhibit #2

NiSource Inc.
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #5

                         
    Maximum Amount     Maximum Amount     Average Interest  
    Outstanding During     Invested During     Rate During  
Subsidiary (amounts in thousands)   Fourth Quarter of 2004     Fourth Quarter of 2004     Fourth Quarter of 2004  
 
Bay State Gas Company
     216,307       —       2.65 %
Columbia Assurance Agency, Inc.
     N/A       35       2.65 %
Columbia Accounts Receivable Corporation
     N/A       10,116       2.65 %
Columbia Atlantic Trading Corporation
     N/A       1,009       2.65 %
Columbia Deep Water Services Company
     —       410       2.65 %
Columbia Electric Corporation
     N/A       5,314       2.65 %
Columbia Energy Services Corporation
     65,894       —       2.65 %
Columbia Energy Group
     N/A       535,185       2.65 %
Columbia Gulf Transmission Company
     —       31,757       2.65 %
Columbia Gas of Virginia, Inc.
     20,367       —       2.65 %
NiSource Insurance Corporation, Ltd.
     N/A       110       2.65 %
Columbia Gas of Kentucky, Inc.
     —       9,819       2.65 %
Columbia Gas of Maryland, Inc.
     —       6,313       2.65 %
CNS Microwave, Inc.
     N/A       1,892       2.65 %
Columbia Network Services Corporation
     N/A       3,128       2.65 %
Columbia Gas of Ohio, Inc.
     143,457       52,727       2.65 %
Columbia of Ohio Receivables Corp
     —       183       2.65 %
Columbia Gas of Pennsylvania, Inc.
     64,751       —       2.65 %
Columbia Remainder Corporation
     —       —       2.65 %
Crossroads Pipeline
     15,083       —       2.65 %
NiSource Corporate Services Company
     73,250       —       2.65 %
NiSource Development Company, Inc.
     182,644       —       2.65 %
EnergyUSA, Inc.
     34,422       —       2.65 %
EnergyUSA, Inc. (MA)
     —       1,690       2.65 %
Kokomo Gas and Fuel Company
     —       10,656       2.65 %
NiSource Capital Markets. Inc.
     N/A       298       2.65 %
NI Energy Services, Inc.
     48,144       —       2.65 %
NiSource Energy Technologies, Inc.
     23,052       —       2.65 %
NiSource Finance Corp.
     N/A       974,850       2.65 %
NiSource Inc.
     N/A       169,128       2.65 %
Northern Indiana Fuel and Light Company, Inc.
     —       10,768       2.65 %
Northern Indiana Public Service Company
     505,083       —       2.65 %
NIPSCO Receivables Corporation
     —       1,893       2.65 %
NiSource Retail Service Corp
     1,410       —       2.65 %
Granite State Gas Transmission
     12,865       —       2.65 %
Northern Utilities, Inc.
     16,439       —       2.65 %
PEI Holdings, Inc.
     98,048       —       2.65 %
Columbia Gas Transmission Corporation
     —       120,358       2.65 %
EnergyUSA-TPC Corp.
     57,176       5,042       2.65 %
 

4

 

Exhibit #3

NiSource Inc.
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item # 11

                 
        Guarantees    
        Issued During    
Guarantor   Subsidiary       4th Quarter 2004
(in thousands)		   Purpose
 
NiSource Capital Markets
  Bay State Gas Company     1,645,012     Guarantee operating leases
NiSource Inc.
  Northern Utilities     5,000,000     Guarantee gas transportation payment obligations
 

5

 

Exhibit #4

NiSource Inc.
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 16,194,071  
Accumulated depreciation and amortization
     (7,247,654 )
 
Net Utility Plant
     8,946,417  
 
Other property, at cost, less accumulated depreciation
     438,236  
 
Net Property, Plant and Equipment
     9,384,653  
 
Investments:
        
Assets of discontinued operations and assets held for sale
     23,425  
Unconsolidated affiliates
     108,140  
Other investments
     72,406  
 
Total Investments
     203,971  
 
Current Assets:
        
Cash and cash equivalents
     30,123  
Restricted cash
     56,329  
Accounts receivable - less reserve
     536,744  
Unbilled revenue - less reserve
     352,727  
Gas inventory
     452,932  
Underrecovered gas and fuel costs
     293,839  
Material and supplies, at average cost
     70,836  
Electric production fuel, at average cost
     29,150  
Price risk management asset
     61,081  
Exchange gas receivable
     169,546  
Regulatory assets
     136,186  
Prepayments and other
     96,145  
 
Total Current Assets
     2,285,638  
 
Other Assets:
        
Price risk management asset
     148,282  
Regulatory assets
     568,459  
Goodwill
     3,687,183  
Intangible assets
     520,275  
Deferred charges and other
     189,521  
 
Total Other Assets
     5,113,720  
 
Total Assets
   $ 16,987,982  
 

6

 

Exhibit #4

NiSource Inc.
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common Stock Equity
   $ 4,787,113  
Preferred Stocks -
        
Subsidiary Companies
        
Series without mandatory redemption provisions
     81,114  
Long-term debt, excluding amounts due within one year
     4,835,859  
 
Total Capitalization
     9,704,086  
 
Current Liabilities:
        
Current portion of long-term debt
     1,299,953  
Short-term borrowings
     307,605  
Accounts payable
     648,453  
Dividends declared on common and preferred stocks
     1,108  
Customer deposits
     87,097  
Taxes accrued
     160,866  
Interest accrued
     84,102  
Overrecovered gas and fuel costs
     15,452  
Price risk management liabilities
     46,905  
Exchange gas payable
     325,111  
Current deferred revenue
     31,485  
Regulatory liabilities
     30,215  
Accrued liability for postretirement and pension benefits
     85,478  
Other accruals
     478,367  
 
Total current liabilities
     3,602,197  
 
Other:
        
Price risk management liabilities
     5,472  
Deferred income taxes
     1,665,884  
Deferred investment tax credits
     78,369  
Deferred credits
     57,965  
Non-current deferred revenue
     87,382  
Accrued liability for postretirement and pension benefits
     413,004  
Preferred stock liabilities with mandatory redemption provisions
     635  
Regulatory liabilities and other removal costs
     1,168,640  
Other noncurrent liabilities
     204,348  
 
Total other
     3,681,699  
 
Total Capitalization and Liabilities
   $ 16,987,982  
 

7

 

Exhibit #5

Columbia Energy Group
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant and Equipment
        
Utility Plant
   $ 8,338,458  
Accumulated depreciation and amortization
     (3,718,666 )
 
Net utility plant
     4,619,792  
 
Other property, at cost, less accumulated depreciation
     1,999  
 
Net Property, Plant and Equipment
     4,621,792  
 
 
        
Investments and Other Assets
        
Assets of discontinued operations and assets held for sale
     23,425  
Unconsolidated affiliates
     41,659  
Other investments
     41,664  
 
Total Investments
     106,748  
 
 
        
Current Assets
        
Cash and cash equivalents
     454,159  
Restricted cash
     5,416  
Accounts receivable - less reserve
     274,865  
Unbilled revenue - less reserve
     164,362  
Gas inventory
     285,757  
Underrecovered gas and fuel costs
     239,355  
Materials and supplies, at average cost
     17,033  
Price risk management assets
     45,716  
Exchange gas receivable
     131,743  
Regulatory assets
     87,853  
Prepayments and other
     73,999  
 
Total Current Assets
     1,780,258  
 
 
        
Other Assets
        
Price risk management assets
     113,876  
Regulatory assets
     354,240  
Intangible assets
     1,404  
Deferred charges and other
     142,703  
 
Total Other Assets
     612,223  
 
Total Assets
   $ 7,121,021  
 

8

 

Columbia Energy Group
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
CAPITALIZATION AND LIABILITIES
        
Capitalization
        
Common Stock Equity
   $ 2,962,805  
Long-term debt, excluding amounts due within one year
     1,075,924  
 
Total Capitalization
     4,038,729  
 
 
        
Current Liabilities
        
Current portion of long-term debt
     281,882  
Short-term borrowings
     105  
Accounts payable
     330,115  
Customer deposits
     25,543  
Taxes accrued
     120,190  
Interest accrued
     11,404  
Overrecovered gas and fuel costs
     1,556  
Price risk management liabilities
     4,885  
Exchange gas payable
     323,650  
Current deferred revenue
     23,224  
Regulatory liabilities
     24,513  
Accrued liability for postretirement and postemployment benefits
     33,520  
Other accruals
     357,428  
 
Total Current Liabilities
     1,538,015  
 
 
        
Other Liabilities and Deferred Credits
        
Deferred income taxes
     814,911  
Deferred investment tax credits
     25,472  
Deferred credits
     47,779  
Noncurrent deferred revenue
     86,877  
Accrued liability for postretirement and postemployment benefits
     84,532  
Regulatory liabilities and other cost of removal
     368,762  
Other noncurrent liabilities
     115,944  
 
Total Other
     1,544,277  
 
Commitments and Contingencies
     —  
 
Total Capitalization and Liabilities
   $ 7,121,021  
 

9

 

Exhibit #6

Northern Indiana Public Service Company
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 6,728,814  
Accumulated depreciation and amortization
     (3,199,680 )
 
Net Utility Plant
     3,529,134  
 
Other property and investments
     2,304  
 
Current Assets:
        
Cash and cash equivalents
     476  
Restricted cash
     22,410  
Accounts receivable - less reserve
     74,919  
Unbilled revenue - less reserve
     123,920  
Gas inventory
     106,629  
Material and supplies, at average cost
     47,674  
Electric production fuel, at average cost
     29,150  
Natural gas in storage, at last in, first-out cost
     7,099  
Price risk management assets
     214  
Regulatory assets
     29,812  
Prepayments and other
     38,409  
 
Total Current Assets
     480,712  
 
Other Assets:
        
Regulatory assets
     183,748  
Intangible assets
     31,073  
Deferred charges and other
     6,851  
 
Total Other Assets
     221,672  
 
Total Assets
   $ 4,233,822  
 

10

 

Exhibit #6

Northern Indiana Public Service Company
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
        
Preferred Stocks -
     1,156,193  
Series without mandatory redemption provisions
     81,114  
Long-term debt, excluding amount due within one year
     497,867  
 
Total Capitalization
     1,735,174  
 
Current Liabilities:
        
Current portion of long-term debt
     73,275  
Short-term borrowings
     494,897  
Accounts payable
     185,979  
Dividends declared on common and preferred stock
     1,052  
Customer deposits
     56,395  
Taxes accrued
     55,794  
Interest accrued
     6,910  
Overrecovered gas and fuel costs
     12,959  
Price risk management liabilities
     13,514  
Accrued liability for postretirement and pension benefits
     23,028  
Other accruals
     82,868  
 
Total current liabilities
     1,006,671  
 
Other:
        
Deferred income taxes
     455,829  
Deferred investment tax credits
     50,175  
Deferred credits
     3,235  
Accrued liability for postretirement and pension benefits
     239,605  
Preferred stock liabilities with mandatory redemption provisions
     635  
Regulatory liabilities and other removal costs
     706,584  
Other noncurrent liabilities
     35,914  
 
Total other
     1,491,977  
 
Total Capitalization and Liabilities
   $ 4,233,822  
 

11

 

Exhibit #7

Bay State Gas Company
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 955,389  
Accumulated depreciation and amortization
     (252,550 )
 
Net Utility Plant
     702,839  
 
Other property and investments
     1,811  
 
Investments:
        
Unconsolidated affiliates
     34  
 
Total Investments
     34  
 
Current Assets:
        
Cash and cash equivalents
     1,217  
Restricted cash
     1,043  
Accounts receivable - less reserve
     77,701  
Unbilled revenue - less reserve
     56,017  
Gas Inventory
     41,224  
Underrecovered gas and fuel costs
     45,641  
Material and supplies, at average cost
     4,552  
Price risk management asset
     307  
Exchange gas receivable
     31,133  
Regulatory assets
     16,887  
Prepayments and other
     9,782  
 
Total Current Assets
     285,504  
 
Other Assets:
        
Price risk management asset
     0  
Regulatory assets
     33,578  
Intangible assets
     461,514  
Deferred charges and other
     10,796  
 
Total Other Assets
     505,888  
 
Total Assets
   $ 1,496,076  
 

12

 

Exhibit #7

Bay State Gas Company
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
   $ 553,812  
Long-term debt excluding amt due within one year
     232,667  
 
Total Capitalization
     786,479  
 
Current Liabilities:
        
Current portion of long-term debt
     10,833  
Short-term borrowings
     171,899  
Accounts payable
     65,867  
Customer deposits
     4,231  
Interest accrued
     1,338  
Regulatory liabilities
     5,702  
Other accruals
     35,002  
 
Total current liabilities
     294,872  
 
Other:
        
Price risk management liabilities
     51  
Deferred income taxes
     293,845  
Deferred investment tax credits
     2,080  
Accrued liability for postretirement and pension benefits
     19,469  
Regulatory liabilities and other removal costs
     95,390  
Other noncurrent liabilities
     3,890  
 
Total other
     414,725  
 
Total Capitalization and Liabilities
   $ 1,496,076  
 

13

 

Exhibit #8

Northern Utilities, Inc.
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 185,496  
Accumulated depreciation and amortization
     (45,795 )
 
Net Utility Plant
     139,701  
 
Other property and investments
     1,737  
 
Investments:
        
Unconsolidated affiliates
     2  
 
Total Investments
     2  
 
Current Assets:
        
Cash and cash equivalents
     331  
Restricted cash
     1,043  
Accounts receivable - less reserve
     12,685  
Unbilled revenue - less reserve
     9,443  
Gas inventory
     1,358  
Underrecovered gas and fuel costs
     4,652  
Material and supplies, at average cost
     911  
Price risk management asset
     307  
Exchange gas receivable
     20,373  
Regulatory assets
     1,471  
Prepayments and other
     629  
 
Total Current Assets
     53,203  
 
Other Assets:
        
Price risk management asset
     15,692  
Intangible assets
     80,191  
Deferred charges and other
     313  
 
Total Other Assets
     96,196  
 
Total Assets
   $ 290,839  
 

14

 

Exhibit #8

Northern Utilities, Inc.
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
   $ 117,935  
Long-term debt excluding amt due within one year
     64,167  
 
Total Capitalization
     182,102  
 
Current Liabilities:
        
Current portion of long-term debt
     833  
Short-term borrowings
     14,307  
Accounts payable
     10,638  
Customer deposits
     1,140  
Taxes accrued
     24  
Interest accrued
     116  
Regulatory liabilities
     1,097  
Other accruals
     8,942  
 
Total current liabilities
     37,097  
 
Other:
        
Price risk management liabilities
     51  
Deferred income taxes
     53,649  
Deferred investment tax credits
     215  
Accrued liability for postretirement and pension benefits
     2,268  
Regulatory liabilities and other removal costs
     12,467  
Other noncurrent liabilities
     2,990  
 
Total other
     71,640  
 
Total Capitalization and Liabilities
   $ 290,839  
 

15

 

Exhibit #9

Kokomo Gas and Fuel Company
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 57,646  
Accumulated depreciation and amortization
     (33,940 )
 
Net Utility Plant
     23,706  
 
Investments:
        
Unconsolidated affiliates
     5  
 
Total Investments
     5  
 
Current Assets:
        
Cash and cash equivalents
     2,894  
Accounts receivable - less reserve
     11,384  
Unbilled revenue - less reserve
     3,992  
Gas Inventory
     918  
Material and supplies, at average cost
     333  
Regulatory assets
     895  
Prepayments and other
     79  
 
Total Current Assets
     20,495  
 
Other Assets:
        
Goodwill
     16,439  
Intangible assets
     159  
Deferred charges and other
     382  
 
Total Other Assets
     16,980  
 
Total Assets
   $ 61,186  
 
 
        
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
   $ 41,116  
 
Total Capitalization
     41,116  
 
Current Liabilities:
        
Accounts payable
     8,727  
Customer deposits
     564  
Taxes accrued
     763  
Interest accrued
     162  
Overrecovered gas and fuel costs
     937  
Price risk mangagement liabilities
     895  
Other accruals
     1,803  
 
Total current liabilities
     13,851  
 
Other:
        
Deferred income taxes
     4,027  
Deferred investment tax credits
     393  
Accrued liability for postretirement and pension benefits
     1,378  
Regulatory liabilities and other removal costs
     292  
Other noncurrent liabilities
     129  
 
Total other
     6,219  
 
Total Capitalization and Liabilities
   $ 61,186  
 

16

 

Exhibit #10

Northern Indiana Fuel and Light Company
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 57,919  
Accumulated depreciation and amortization
     (24,820 )
 
Net Utility Plant
     33,099  
 
Other property and investments
     739  
 
Current Assets:
        
Cash and cash equivalents
     3,027  
Accounts receivable - less reserve
     15,550  
Unbilled revenue - less reserve
     4,436  
Gas inventory
     6,045  
Underrecovered gas and fuel costs
     1,744  
Material and supplies, at average cost
     271  
Regulatory assets
     606  
Prepayments and other
     114  
 
Total Current Assets
     31,793  
 
Other Assets:
        
Regulatory assets
     72  
Goodwill
     13,307  
Intangible assets
     591  
 
Total Other Assets
     13,970  
 
Total Assets
   $ 79,601  
 
 
        
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
   $ 53,362  
 
Total Capitalization
     53,362  
 
Current Liabilities:
        
Accounts payable
     7,921  
Customer deposits
     328  
Taxes accrued
     472  
Interest accrued
     30  
Price risk management liabilities
     606  
Other accruals
     795  
 
Total current liabilities
     10,152  
 
Other:
        
Deferred income taxes
     6,030  
Deferred investment tax credits
     232  
Accrued liability for postretirement and pension benefits
     7,870  
Regulatory liabilities and other removal costs
     181  
Other noncurrent liabilities
     1,774  
 
Total other
     16,087  
 
Total Capitalization and Liabilities
   $ 79,601  
 

17

 

Exhibit #11

Columbia Gas of Kentucky
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 240,993  
Accumulated depreciation and amortization
     (85,673 )
 
Net Utility Plant
     155,320  
 
Current Assets:
        
Cash and cash equivalents
     418  
Accounts receivable - less reserve
     22,188  
Unbilled revenue - less reserve
     15,096  
Gas inventory
     9,762  
Underrecovered gas and fuel costs
     14,422  
Material and supplies, at average cost
     32  
Exchange gas receivable
     379  
Regulatory assets
     877  
Prepayments and other
     3,294  
 
Total Current Assets
     66,468  
 
Other Assets:
        
Regulatory assets
     2,493  
Deferred charges and other
     947  
 
Total Other Assets
     3,440  
 
Total Assets
   $ 225,228  
 

18

 

Exhibit #11

Columbia Gas of Kentucky
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
   $ 77,548  
Long-term debt excluding amt due within one year
     36,309  
 
Total Capitalization
     113,857  
 
Current Liabilities:
        
Current portion of long-term debt
     5,840  
Accounts payable
     24,121  
Customer deposits
     2,976  
Interest accrued
     23  
Exchange gas payable
     10,281  
Regulatory liabilities
     3,319  
Accrued liability for postretirement and pension benefits
     754  
Other accruals
     16,574  
 
Total current liabilities
     63,888  
 
Other:
        
Deferred income taxes
     15,250  
Deferred investment tax credits
     1,118  
Accrued liability for postretirement and pension benefits
     1,526  
Regulatory liabilities and other removal costs
     24,384  
Other noncurrent liabilities
     5,205  
 
Total other
     47,483  
 
Total Capitalization and Liabilities
   $ 225,228  
 

19

 

Exhibit #12

Columbia Gas of Ohio
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 1,620,760  
Accumulated depreciation and amortization
     (573,552 )
 
Net Utility Plant
     1,047,208  
 
Other property and investments
     1,270  
 
Current Assets:
        
Cash and cash equivalents
     3,888  
Accounts receivable - less reserve
     95,284  
Unbilled revenue - less reserve
     64,544  
Gas inventory
     189,267  
Underrecovered gas and fuel costs
     156,760  
Material and supplies, at average cost
     731  
Exchange gas receivable
     18,494  
Regulatory assets
     72,625  
Prepayments and other
     24,468  
 
Total Current Assets
     626,061  
 
Other Assets:
        
Regulatory assets
     233,840  
Intangible assets
     360  
Deferred charges and other
     78,402  
 
Total Other Assets
     312,602  
 
Total Assets
   $ 1,987,141  
 

20

 

Exhibit #12

Columbia Gas of Ohio
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
   $ 469,728  
Long-term debt excluding amt due within one year
     307,433  
 
Total Capitalization
     777,161  
 
Current Liabilities:
        
Current portion of long-term debt
     299  
Short-term borrowings
     125,892  
Accounts payable
     208,535  
Customer deposits
     12,213  
Taxes accrued
     46,788  
Interest accrued
     996  
Price risk management liabilities
     3,950  
Exchange gas payable
     140,432  
Regulatory liabilities
     18,669  
Accrued liability for postretirement and pension benefits
     11,849  
Other accruals
     171,115  
 
Total current liabilities
     740,738  
 
Other:
        
Deferred income taxes
     172,709  
Deferred investment tax credits
     14,352  
Accrued liability for postretirement and pension benefits
     35,448  
Regulatory liabilities and other removal costs
     193,305  
Other noncurrent liabilities
     53,428  
 
Total other
     469,242  
 
Total Capitalization and Liabilities
   $ 1,987,141  
 

21

 

Exhibit #13

Columbia Gas of Pennsylvania
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 707,312  
Accumulated depreciation and amortization
     (238,175 )
 
Net Utility Plant
     469,137  
 
Other property and investments
     8  
 
Current Assets:
        
Cash and cash equivalents
     1,462  
Restricted cash
     662  
Accounts receivable - less reserve
     50,934  
Unbilled revenue - less reserve
     50,411  
Gas inventory
     69,222  
Underrecovered gas and fuel costs
     67,056  
Material and supplies, at average cost
     611  
Exchange gas receivable
     33,599  
Regulatory assets
     5,291  
Prepayments and other
     6,105  
 
Total Current Assets
     285,353  
 
Other Assets:
        
Regulatory assets
     66,171  
Intangible assets
     36  
Deferred charges and other
     2,826  
 
Total Other Assets
     69,033  
 
Total Assets
   $ 823,531  
 

22

 

Exhibit #13

Columbia Gas of Pennsylvania
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
   $ 227,888  
Long-term debt excluding amt due within one year
     167,372  
 
Total Capitalization
     395,260  
 
Current Liabilities:
        
Current portion of long-term debt
     17,843  
Short-term borrowings
     41,700  
Accounts payable
     84,458  
Customer deposits
     2,962  
Interest accrued
     36  
Price risk management liabilities
     936  
Exchange gas payable
     68,113  
Regulatory liabilities
     293  
Accrued liability for postretirement and pension benefits
     3,543  
Other accruals
     61,957  
 
Total current liabilities
     281,841  
 
Other:
        
Deferred income taxes
     113,858  
Deferred investment tax credits
     6,785  
Accrued liability for postretirement and pension benefits
     10,370  
Regulatory liabilities and other removal costs
     8,625  
Other noncurrent liabilities
     6,792  
 
Total other
     146,430  
 
Total Capitalization and Liabilities
   $ 823,531  
 

23

 

Columbia Gas of Virginia
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 529,062  
Accumulated depreciation and amortization
     (120,942 )
 
Net Utility Plant
     408,120  
 
Current Assets:
        
Cash and cash equivalents
     534  
Accounts receivable - less reserve
     30,646  
Unbilled revenue - less reserve
     29,770  
Gas inventory
     14,111  
Underrecovered gas and fuel costs
     1,118  
Material and supplies, at average cost
     1,092  
Exchange gas receivable
     6,716  
Regulatory assets
     316  
Prepayments and other
     7,218  
 
Total Current Assets
     91,521  
 
Other Assets:
        
Regulatory assets
     3,496  
Intangible assets
     45  
Deferred charges and other
     14,798  
 
Total Other Assets
     18,339  
 
Total Assets
   $ 517,980  
 
 
        
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
   $ 196,684  
Long-term debt excluding amt due within one year
     117,340  
 
Total Capitalization
     314,024  
 
Current Liabilities:
        
Current portion of long-term det
     12,835  
Short-term borrowings
     19,383  
Accounts payable
     43,675  
Customer deposits
     6,875  
Interest accrued
     106  
Exchange gas payable
     14,949  
Regulatory liabilities
     209  
Accrued liability for postretirement and pension benefits
     2,178  
Other accruals
     13,882  
 
Total current liabilities
     114,092  
 
Other:
        
Deferred income taxes
     37,501  
Deferred investment tax credits
     1,782  
Accrued liability for postretirement and pension benefits
     5,236  
Regulatory liabilities and other removal costs
     19,328  
Other noncurrent liabilities
 
   26,017  
 
Total other
     89,864  
 
Total Capitalization and Liabilities
   $ 517,980  
 

24

 

Exhibit #15

Columbia Gas of Maryland
Quarterly Report Under Rule 24 of the
Public Utility Holding Company Act of 1935
File No. 70-10169
Item #15

         
As of December 31, (in thousands)   2004  
 
ASSETS
        
Property, Plant, and Equipment:
        
Utility plant
   $ 88,170  
Accumulated depreciation and amortization
     (26,609 )
 
Net Utility Plant
     61,561  
 
Other property and investments
     1  
 
Current Assets:
        
Cash and cash equivalents
     120  
Accounts receivable - less reserve
     8,673  
Unbilled
     4,376  
Gas inventory
     3,395  
Material and supplies, at average cost
     300  
Exchange gas receivable
     2  
Regulatory assets
     237  
Prepayments and other
     1,405  
 
Total Current Assets
     18,508  
 
Other Assets:
        
Regulatory assets
     1,514  
Deferred charges and other
     88  
 
Total Other Assets
     1,602  
 
Total Assets
   $ 81,672  
 
 
        
 
CAPITALIZATION AND LIABILITIES
        
Capitalization:
        
Common shareholder’s equity
   $ 26,819  
Long-term debt excluding amt due within one year
     16,480  
 
Total Capitalization
     43,299  
 
Current Liabilities:
        
Current portion of long-term debt
     2,495  
Accounts payable
     6,869  
Customer deposits
     517  
Interest accrued
     6  
Overrecovered gas and fuel costs
     1,556  
Exchange gas payable
     1,144  
Regulatory liabilities
     20  
Accrued liability for postretirement and pension benefits
     554  
Other accruals
     3,586  
 
Total current liabilities
     16,747  
 
Other:
        
Deferred income taxes
     6,758  
Deferred investment tax credits
     648  
Accrued liability for postretirement and pension benefits
     949  
Regulatory liabilities and other removal costs
     12,671  
Other noncurrent liabilities
     600  
 
Total other
     21,626  
 
Total Capitalization and Liabilities
   $ 81,672  
 

25