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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U5S/A
Amendment No. 1
ANNUAL REPORT
For the Year Ended December 31, 2004
Filed pursuant to the Public Utility Holding Company Act of 1935
NISOURCE INC.
COLUMBIA ENERGY GROUP
(Name of registered holding company)
801 E 86th Avenue
Merrillville, Indiana 46410
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This Amendment No. 1 to NiSource Inc. Form U5S Annual Report for the year ended
December 31, 2004, is being filed to update Item 10 to include the complete
balance sheet for Columbia Gas of Maryland, Inc. that was not previously
included in NiSource Inc.'s Form U5S filed on April 29, 2005.
Table of Contents
Item 10 - Financial Statements and Exhibits................................. 3
Exhibits:
Columbia Energy Group and Subsidiaries Consolidated Balance Sheet...... 3
Signature................................................................... 5
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F-1B (6 of 8)
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
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NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1B Page 5
As of December 31, 2004 ($ in thousands) CKY CMD COH CPA CVA TCO Total
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ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant 240,993 88,170 * 707,312 529,062 3,788,885 6,975,182
Accumulated depreciation and amortization (85,673) (26,609) (238,175) (120,942) (1,600,406) (2,645,357)
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NET UTILITY PLANT 155,320 61,561 469,137 408,120 - 4,329,825
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Other property, at cost, less accumulated
depreciation - 1 8 - - 1,279
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NET PROPERTY, PLANT, AND EQUIPMENT 155,320 61,562 469,145 408,120 2,188,479 4,331,104
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INVESTMENTS AND OTHER ASSETS
Assets of discontinued operations and
assets held for sale - - - - 23,425 23,425
Consolidated affiliates - - - - - -
Unconsolidated affiliates - - - - 34,444 34,444
Other investments - - - - 7,782 7,782
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TOTAL INVESTMENTS - - - - 65,651 65,651
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CURRENT ASSETS
Cash and cash equivalents 418 120 1,462 534 38 6,460
Restricted cash - - 662 - - 662
Accounts receivable (less reserve) 22,188 8,673 50,934 30,646 199,472 407,197
Unbilled revenue (less reserve) 15,096 4,376 50,411 29,770 - 164,197
Gas inventory 9,762 3,395 69,222 14,112 - 285,758
Underrecovered gas and fuel costs 14,421 - 67,056 1,118 - 239,355
Materials and supplies, at average cost 32 300 611 1,092 7,262 10,027
Electric production fuel, at average cost - - - - - -
Price risk management assets - - - - - -
Exchange gas receivable 379 2 33,599 6,716 62,272 121,462
Regulatory assets 877 237 5,292 316 6,396 85,743
Prepayments and other 2,102 922 2,074 2,397 47,958 79,923
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TOTAL CURRENT ASSETS 65,275 18,025 281,323 86,701 323,398 1,400,784
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OTHER ASSETS
Price risk management assets - - - - - -
Regulatory assets 2,493 1,514 66,171 3,496 38,194 345,708
Goodwill - - - - - -
Intangible assets - - 36 45 671 1,112
Deferred charges and other 947 88 2,826 14,798 17,142 114,203
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TOTAL OTHER ASSETS 3,440 1,602 69,033 18,339 56,007 461,023
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TOTAL ASSETS 224,035 81,189 819,501 513,160 2,633,535 6,258,562
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3
F-1B (7 of 8)
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
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NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1B Page 6
As of December 31, 2004 ($ in thousands) CKY CMD COH CPA CVA TCO Total
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CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity 77,548 26,819 * 227,888 196,684 1,497,452 2,496,119
Preferred Stocks -
Series without mandatory redemption
provisions - - - - - -
Long-term debt, excluding amounts due
within one year 36,309 16,480 167,372 117,340 257,369 902,303
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TOTAL CAPITALIZATION 113,857 43,299 395,260 314,024 1,754,821 3,398,422
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CURRENT LIABILITIES
Current portion of long-term debt 5,840 2,495 17,843 12,835 128,521 167,833
Short-term borrowings - - 41,700 19,383 - 186,975
Accounts payable 24,121 6,868 84,457 43,675 37,427 405,084
Dividends declared on common and
preferred stocks - - - - - -
Customer deposits 2,976 517 2,962 6,875 - 25,543
Taxes accrued (1,193) (483) (4,030) (4,820) 67,317 103,580
Interest accrued 23 6 36 106 - 1,167
Overrecovered gas and fuel costs - 1,556 - - - 1,556
Price risk management liabilities - - 936 - - 4,886
Exchange gas payable 10,280 1,144 68,113 14,949 76,818 311,736
Deferred revenue - - - - - -
Regulatory liabilities 3,319 20 293 209 1,567 24,077
Accrued liability for postretirement
and pension benefits 754 554 3,543 2,178 9,517 28,395
Other accruals 16,575 3,587 61,958 13,882 46,230 313,345
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TOTAL CURRENT LIABILITIES 62,695 16,264 277,811 109,272 367,397 1,574,177
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OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities - - - - - -
Deferred income taxes 15,250 6,757 113,858 37,501 409,396 755,472
Deferred investment tax credits 1,118 648 6,785 1,782 590 25,275
Deferred credits - - - - 529 529
Deferred revenue - - - - - -
Accrued liability for postretirement
and pension benefits 1,525 949 10,370 5,236 13,633 67,161
Liabilities of discontinued operations
and liabilities held for sale - - - - - -
Preferred stock liabilities with
mandatory redemption provisions - - - - - -
Regulatory liabilities 24,384 12,671 8,625 19,328 70,789 329,102
Other noncurrent liabilities 5,206 601 6,792 26,017 16,380 108,424
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TOTAL OTHER 47,483 21,626 146,430 89,864 511,317 1,285,963
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COMMITMENTS AND CONTINGENCIES - - - - - -
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TOTAL CAPITALIZATION AND LIABILITIES 224,035 81,189 819,501 513,160 2,633,535 6,258,562
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SIGNATURES
Each undersigned system company has duly caused this annual report to be signed
on its behalf by the undersigned thereunto duly authorized pursuant to the
requirements of the Public Utility Holding Company Act of 1935. The signature of
each undersigned company shall be deemed to relate only to matters having
reference to such company or its subsidiaries.
NISOURCE INC.
(Registrant)
Dated: May 2, 2005 By: /s/ Jeffrey W. Grossman
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Jeffrey W. Grossman
Vice President and Controller
(Principal Accounting Officer)
COLUMBIA ENERGY GROUP
(Registrant)
Dated: May 2, 2005 By: /s/ Jeffrey W. Grossman
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Jeffrey W. Grossman
Vice President
(Principal Accounting Officer)
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