March 30, 2004
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. 70-9681 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, 2003:
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 under options granted
during the quarter under NiSource Inc.'s benefit plans or otherwise
223,627 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
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/ 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. 70-9681
ITEM #4
AMOUNT ISSUED DURING AMOUNT OUTSTANDING TYPE OF DEBT
COMPANY FOURTH QUARTER OF 2003 DECEMBER 31, 2003 OR SECURITY TERMS
------- ---------------------- ------------------ ------------ -----
NiSource Inc. - 685,500,000 Short-term Debt Commercial paper borrowing with
a weighted average interest
rate of 1.819%
NiSource Inc. 500,000,000 6,111,700,000 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
ISSUED DURING THE WEIGHTED AVERAGE
LENDING COMPANY BORROWING SUBSIDIARY 4TH QUARTER 2003 INTEREST RATE
--------------- -------------------- ------------------ ----------------
NiSource Finance Corp. Northern Indiana Public Service Company 11,487,000 1.87%
NiSource Finance Corp. Bay State Gas Company 12,296,000 1.87%
NiSource Finance Corp. Northern Utilities, Inc. 6,564,000 1.87%
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 2003 PURPOSE
--------- ---------- ---------------- -------
NiSource Capital Markets Bay State Gas Company 2,373,166 Guarantee operating leases
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) 2003
--------------------------------- ----
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 15,991,532
Accumulated depreciation and amortization (7,095,918)
--------------
Net Utility Plant 8,895,614
--------------
Other property, at cost, less accumulated depreciation 409,272
--------------
Net Property, Plant and Equipment 9,304,886
--------------
INVESTMENTS:
Assets of discontinued operations and assets held for sale 6,500
Unconsolidated affiliates 113,196
Other investments 67,384
--------------
Total Investments 187,080
--------------
CURRENT ASSETS:
Cash and cash equivalents 27,284
Restricted cash 22,780
Accounts receivable - less reserve 511,111
Unbilled revenue - less reserve 303,250
Gas inventory 429,363
Underrecovered gas and fuel costs 203,219
Material and supplies, at average cost 71,427
Electric production fuel, at average cost 29,039
Price risk management asset 74,304
Exchange gas receivable 174,829
Regulatory assets 114,456
Prepayments and other 101,789
--------------
Total Current Assets 2,062,851
--------------
OTHER ASSETS:
Price risk asset long term 114,431
Regulatory assets 575,472
Goodwill 3,704,025
Intangible assets 527,083
Deferred charges and other 147,950
--------------
Total Other Assets 5,068,961
--------------
TOTAL ASSETS $ 16,623,778
==============
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) 2003
--------------------------------- ----
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock Equity $ 4,415,880
Preferred Stocks -
Subsidiary Companies
Series without mandatory redemption provisions 81,114
Long-term debt, excluding amounts due within one year 5,993,367
--------------
Total Capitalization 10,490,361
--------------
CURRENT LIABILITIES:
Current portion of long-term debt 118,338
Short-term borrowings 685,500
Accounts payable 496,589
Dividends declared on common and preferred stocks 1,818
Customer deposits 80,368
Taxes accrued 210,847
Interest accrued 82,443
Overrecovered gas and fuel costs 29,169
Price risk management liabilities 36,483
Exchange gas payable 290,805
Current deferred revenue 28,198
Regulatory liabilities 73,659
Accrued liability for postretirement and pension benefits 56,846
Other accruals 417,955
--------------
Total current liabilities 2,609,018
--------------
OTHER:
Price risk management liabilities 163
Deferred income taxes 1,595,888
Deferred investment tax credits 87,317
Deferred credits 72,734
Non-current deferred revenue 112,973
Accrued liability for postretirement and pension benefits 406,944
Preferred stock liabilities with mandatory redemption provisions 2,438
Regulatory liabilities 1,061,569
Other noncurrent liabilities 184,373
--------------
Total other 3,524,399
--------------
TOTAL CAPITALIZATION AND LIABILITIES $ 16,623,778
==============
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) 2003
--------------------------------- ----
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 6,636,139
Accumulated depreciation and amortization (3,082,743)
--------------
Net Utility Plant 3,553,396
--------------
OTHER PROPERTY AND INVESTMENTS 2,354
--------------
CURRENT ASSETS:
Cash and cash equivalents 315
Restricted cash 2,585
Accounts receivable - less reserve 69,701
Unbilled revenue - less reserve 74,186
Material and supplies, at average cost 43,817
Electric production fuel, at average cost 29,039
Natural gas in storage, at last in, first-out cost 131,839
Price risk management assets 4,555
Regulatory assets 12,391
Prepayments and other 41,005
--------------
Total Current Assets 409,433
--------------
OTHER ASSETS:
Regulatory assets 210,410
Intangible assets 25,161
Prepayments and other 6,620
--------------
Total Other Assets 242,191
--------------
TOTAL ASSETS $ 4,207,374
==============
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) 2003
--------------------------------- ----
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 971,745
Preferred Stocks -
Series without mandatory redemption provisions 81,114
Long-term debt, excluding amount due within one year 682,027
--------------
Total Capitalization 1,734,886
--------------
CURRENT LIABILITIES:
Current portion of long-term debt 32,000
Short-term borrowings 578,417
Accounts payable 159,982
Dividends declared on common and preferred stock 1,124
Customer deposits 51,098
Taxes accrued 58,847
Interest accrued 6,892
Overrecovered gas and fuel costs 26,882
Price risk management liabilities 442
Accrued liability for postretirement and pension benefits 13,627
Other accruals 77,361
--------------
Total current liabilities 1,006,672
--------------
OTHER:
Deferred income taxes 472,206
Deferred investment tax credits 57,233
Deferred credits 16,827
Accrued liability for postretirement and pension benefits 224,220
Preferred stock liabilities with mandatory redemption provisions 2,438
Regulatory liabilities 667,179
Other noncurrent liabilities 25,713
--------------
Total other 1,465,816
--------------
TOTAL CAPITALIZATION AND LIABILITIES $ 4,207,374
==============
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) 2003
--------------------------------- ----
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 924,432
Accumulated depreciation and amortization (243,094)
--------------
Net Utility Plant 681,338
--------------
OTHER PROPERTY AND INVESTMENTS 2,046
--------------
INVESTMENTS:
Unconsolidated affiliates 34
--------------
Total Investments 34
--------------
CURRENT ASSETS:
Cash and cash equivalents 1,797
Restricted cash 806
Accounts receivable - less reserve 67,807
Unbilled revenue - less reserve 41,834
Gas Inventory 34,291
Underrecovered gas and fuel costs 35,199
Material and supplies, at average cost 3,775
Price risk management asset 580
Exchange gas receivable 27,893
Regulatory assets 9,862
Prepayments and other 3,505
--------------
Total Current Assets 227,349
--------------
OTHER ASSETS:
Price risk management asset 81
Regulatory assets 34,278
Intangible assets 474,160
Deferred charges and other 15,470
--------------
Total Other Assets 523,989
--------------
TOTAL ASSETS $ 1,434,756
==============
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) 2003
--------------------------------- ----
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 529,215
Long-term debt excluding amt due within one year 183,500
--------------
Total Capitalization 712,715
--------------
CURRENT LIABILITIES:
Current portion of long-term debt 833
Short-term borrowings 208,721
Accounts payable 51,781
Customer deposits 4,160
Taxes accrued 9,153
Interest accrued 1,679
Deferred current revenue 495
Regulatory liabilities 2,326
Other accruals 31,396
--------------
Total current liabilities 310,544
--------------
OTHER:
Deferred income taxes 292,384
Deferred investment tax credits 2,478
Accrued liability for postretirement and pension benefits 16,236
Regulatory liabilities 89,485
Other noncurrent liabilities 10,914
--------------
Total other 411,497
--------------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,434,756
==============
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) 2003
--------------------------------- ----
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 177,631
Accumulated depreciation and amortization (42,820)
--------------
Net Utility Plant 134,811
--------------
OTHER PROPERTY AND INVESTMENTS 1,972
--------------
INVESTMENTS:
Unconsolidated affiliates 2
--------------
Total Investments 2
--------------
CURRENT ASSETS:
Cash and cash equivalents 275
Restricted cash 806
Accounts receivable - less reserve 15,000
Unbilled revenue - less reserve 8,173
Gas inventory 1,220
Underrecovered gas and fuel costs 5,962
Material and supplies, at average cost 700
Price risk management asset 580
Exchange gas receivable 19,501
Regulatory assets 1,168
Prepayments and other 1,481
--------------
Total Current Assets 54,866
--------------
OTHER ASSETS:
Price risk management asset 81
Regulatory assets 18,195
Intangible assets 80,122
Deferred charges and other 1,940
--------------
Total Other Assets 100,338
--------------
TOTAL ASSETS $ 291,989
==============
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) 2003
--------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 114,935
Long-term debt excluding amt due within one year 65,000
--------------
Total Capitalization 179,935
--------------
CURRENT LIABILITIES:
Current portion of long-term debt 833
Short-term borrowings 16,362
Accounts payable 10,187
Customer deposits 967
Interest accrued 135
Regulatory liabilities 1,263
Other accruals 7,546
--------------
Total current liabilities 37,293
--------------
OTHER:
Deferred income taxes 53,440
Deferred investment tax credits 239
Accrued liability for postretirement and pension benefits 2,114
Regulatory liabilities 12,427
Other noncurrent liabilities 6,541
--------------
Total other 74,761
--------------
TOTAL CAPITALIZATION AND LIABILITIES $ 291,989
==============
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) 2003
--------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 56,183
Accumulated depreciation and amortization (32,576)
--------------
Net Utility Plant 23,607
--------------
INVESTMENTS:
Unconsolidated affiliates 5
--------------
Total Investments 5
--------------
CURRENT ASSETS:
Cash and cash equivalents 496
Accounts receivable - less reserve 7,233
Unbilled revenue - less reserve 2,934
Gas Inventory 697
Underrecovered gas and fuel costs 401
Material and supplies, at average cost 371
Prepayments and other 75
--------------
Total Current Assets 12,207
--------------
OTHER ASSETS:
Regulatory assets 381
Goodwill 16,439
Intangible assets 159
Deferred charges and other 189
--------------
Total Other Assets 17,168
--------------
TOTAL ASSETS $ 52,987
==============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 37,799
--------------
Total Capitalization 37,799
--------------
CURRENT LIABILITIES:
Accounts payable 6,012
Customer deposits 503
Taxes accrued 563
Interest accrued 150
Other accruals 1,621
--------------
Total current liabilities 8,849
--------------
OTHER:
Deferred income taxes 3,332
Deferred investment tax credits 429
Accrued liability for postretirement and pension benefits 1,097
Regulatory liabilities 1,477
Other noncurrent liabilities 4
--------------
Total other 6,339
--------------
TOTAL CAPITALIZATION AND LIABILITIES $ 52,987
==============
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) 2003
--------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 56,601
Accumulated depreciation and amortization (23,587)
--------------
Net Utility Plant 33,014
--------------
OTHER PROPERTY AND INVESTMENTS 630
--------------
CURRENT ASSETS:
Cash and cash equivalents 211
Accounts receivable - less reserve 11,088
Unbilled revenue - less reserve 3,276
Gas inventory 5,763
Underrecovered gas and fuel costs 3,909
Material and supplies, at average cost 296
Prepayments and other 121
--------------
Total Current Assets 24,664
--------------
OTHER ASSETS:
Regulatory assets 92
Goodwill 13,307
Intangible assets 591
Deferred charges and other 1,302
--------------
Total Other Assets 15,292
--------------
TOTAL ASSETS $ 73,600
==============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 49,432
--------------
Total Capitalization 49,432
--------------
CURRENT LIABILITIES:
Accounts payable 8,275
Customer deposits 318
Taxes accrued 716
Interest accrued 32
Other accruals 751
--------------
Total current liabilities 10,092
--------------
OTHER:
Deferred income taxes 5,532
Deferred investment tax credits 266
Accrued liability for postretirement and pension benefits 7,063
Regulatory liabilities 1,000
Other noncurrent liabilities 215
--------------
Total other 14,076
--------------
TOTAL CAPITALIZATION AND LIABILITIES $ 73,600
==============
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) 2003
--------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 238,766
Accumulated depreciation and amortization (86,765)
--------------
Net Utility Plant 152,001
--------------
CURRENT ASSETS:
Cash and cash equivalents 789
Accounts receivable - less reserve 14,885
Unbilled revenue - less reserve 13,868
Gas inventory 8,850
Underrecovered gas and fuel costs 19,476
Material and supplies, at average cost 173
Exchange gas receivable 197
Regulatory assets 968
Prepayments and other 1,974
--------------
Total Current Assets 61,180
--------------
OTHER ASSETS:
Regulatory assets 2,954
Deferred charges and other 399
--------------
Total Other Assets 3,353
--------------
TOTAL ASSETS $ 216,534
==============
16
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) 2003
--------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 77,755
Long-term debt excluding amt due within one year 42,149
--------------
Total Capitalization 119,904
--------------
CURRENT LIABILITIES:
Current portion of long-term debt 32
Short-term borrowings 4,013
Accounts payable 18,739
Customer deposits 2,709
Taxes accrued 4,033
Interest accrued 15
Price risk management liabilities 388
Exchange gas payable 7,312
Accrued liability for postretirement and pension benefits 256
Other accruals 16,067
--------------
Total current liabilities 53,564
--------------
OTHER:
Deferred income taxes 13,540
Deferred investment tax credits 1,207
Accrued liability for postretirement and pension benefits 1,601
Regulatory liabilities 25,463
Other noncurrent liabilities 1,255
--------------
Total other 43,066
--------------
TOTAL CAPITALIZATION AND LIABILITIES $ 216,534
==============
17
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) 2003
---------------------------------------------------------- -----------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 1,573,882
Accumulated depreciation and amortization (548,263)
-----------
Net Utility Plant 1,025,619
-----------
OTHER PROPERTY AND INVESTMENTS 1,270
-----------
CURRENT ASSETS:
Cash and cash equivalents 5,964
Accounts receivable - less reserve 54,888
Unbilled revenue - less reserve 97,509
Gas inventory 157,055
Underrecovered gas and fuel costs 95,742
Material and supplies, at average cost 1,974
Exchange gas receivable 70,570
Regulatory assets 68,005
Prepayments and other 24,550
-----------
Total Current Assets 576,257
-----------
OTHER ASSETS:
Regulatory assets 210,880
Intangible assets 318
Deferred charges and other 75,138
-----------
Total Other Assets 286,336
-----------
TOTAL ASSETS $ 1,889,482
===========
18
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) 2003
--------------------------------------------------------------- -----------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 451,524
Long-term debt excluding amt due within one year 306,833
-----------
Total Capitalization 758,357
-----------
CURRENT LIABILITIES:
Current portion of long-term debt 223
Short-term borrowings 194,565
Accounts payable 146,698
Customer deposits 12,753
Taxes accrued 32,005
Interest accrued 895
Price risk management liabilities 1,803
Exchange gas payable 112,904
Regulatory liabilities 70,507
Accrued liability for postretirement and pension benefits 7,228
Other accruals 144,874
-----------
Total current liabilities 724,455
-----------
OTHER:
Deferred income taxes 150,000
Deferred investment tax credits 15,059
Accrued liability for postretirement and pension benefits 47,214
Regulatory liabilities 140,435
Other noncurrent liabilities 53,962
-----------
Total other 406,670
-----------
TOTAL CAPITALIZATION AND LIABILITIES $ 1,889,482
===========
19
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) 2003
--------------------------------------------------------------- --------------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 681,751
Accumulated depreciation and amortization (231,007)
--------------
Net Utility Plant 450,744
--------------
OTHER PROPERTY AND INVESTMENTS 8
--------------
CURRENT ASSETS:
Cash and cash equivalents 3,394
Accounts receivable - less reserve 52,604
Unbilled revenue - less reserve 42,878
Gas inventory 61,689
Underrecovered gas and fuel costs 44,955
Material and supplies, at average cost 710
Exchange gas receivable 25,842
Regulatory assets 5,621
Prepayments and other 7,404
--------------
Total Current Assets 245,097
--------------
OTHER ASSETS:
Regulatory assets 69,001
Intangible assets 36
Deferred charges and other 1,963
--------------
Total Other Assets 71,000
--------------
TOTAL ASSETS $ 766,849
==============
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 208,663
Long-term debt excluding amt due within one year 185,215
--------------
Total Capitalization 393,878
--------------
CURRENT LIABILITIES:
Short-term borrowings 78,319
Accounts payable 50,685
Customer deposits 2,438
Interest accrued 33
Price risk management liabilities 1,127
Exchange gas payable 42,562
Accrued liability for postretirement and pension benefits 4,228
Other accruals 48,846
--------------
Total current liabilities 228,238
--------------
OTHER:
Deferred income taxes 105,004
Deferred investment tax credits 7,145
Accrued liability for postretirement and pension benefits 11,700
Regulatory liabilities 10,666
Other noncurrent liabilities 10,218
--------------
Total other 144,733
--------------
TOTAL CAPITALIZATION AND LIABILITIES $ 766,849
==============
20
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) 2003
--------------------------------------------------------------- ---------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 518,619
Accumulated depreciation and amortization (114,582)
---------
Net Utility Plant 404,037
---------
CURRENT ASSETS:
Cash and cash equivalents 1,673
Accounts receivable - less reserve 30,537
Unbilled revenue - less reserve 22,377
Gas inventory 14,835
Underrecovered gas and fuel costs 3,537
Material and supplies, at average cost 1,480
Exchange gas receivable 12
Regulatory assets 234
Prepayments and other 2,163
---------
Total Current Assets 76,848
---------
OTHER ASSETS:
Regulatory assets 7,692
Intangible assets 40
Deferred charges and other 7,743
---------
Total Other Assets 15,475
---------
TOTAL ASSETS $ 496,360
=========
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 190,241
Long-term debt excluding amt due within one year 130,175
---------
Total Capitalization 320,416
---------
CURRENT LIABILITIES:
Short-term borrowings 20,836
Accounts payable 35,948
Customer deposits 5,901
Taxes accrued 433
Interest accrued 94
Exchange gas payable 9,126
Regulatory liabilities 56
Accrued liability for postretirement and pension benefits 2,335
Other accruals 13,244
---------
Total current liabilities 87,973
---------
OTHER:
Deferred income taxes 36,288
Deferred investment tax credits 1,928
Accrued liability for postretirement and pension benefits 5,540
Regulatory liabilities 20,501
Other noncurrent liabilities 23,714
---------
Total other 87,971
---------
TOTAL CAPITALIZATION AND LIABILITIES $ 496,360
=========
21
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) 2003
--------------------------------------------------------------- ---------
ASSETS
PROPERTY, PLANT, AND EQUIPMENT:
Utility plant $ 85,681
Accumulated depreciation and amortization (25,823)
---------
Net Utility Plant 59,858
---------
CURRENT ASSETS:
Cash and cash equivalents 337
Accounts receivable - less reserve 10,383
Unbilled revenue - less reserve 4,235
Gas inventory 3,871
Material and supplies, at average cost 623
Exchange gas receivable 1
Regulatory assets 331
Prepayments and other 1,863
---------
Total Current Assets 21,644
---------
OTHER ASSETS:
Regulatory assets 1,810
Deferred charges and other 19
---------
Total Other Assets 1,829
---------
TOTAL ASSETS $ 83,331
=========
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common shareholder's equity $ 29,010
Long-term debt excluding amt due within one year 18,975
---------
Total Capitalization 47,985
---------
CURRENT LIABILITIES:
Accounts payable 6,575
Customer deposits 405
Taxes accrued 907
Interest accrued 5
Overrecovered gas and fuel costs 2,287
Exchange gas payable 659
Regulatory liabilities 9
Accrued liability for postretirement and pension benefits 390
Other accruals 3,331
---------
Total current liabilities 14,568
---------
OTHER:
Deferred income taxes 6,289
Deferred investment tax credits 699
Accrued liability for postretirement and pension benefits 1,329
Regulatory liabilities 11,933
Other noncurrent liabilities 528
---------
Total other 20,778
---------
TOTAL CAPITALIZATION AND LIABILITIES $ 83,331
=========
22
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 2003 FOURTH QUARTER OF 2003 FOURTH QUARTER OF 2003
------------------------------------------------ ---------------------- ---------------------- ----------------------
Alamco-Haug Hauling N/A 957 1.87%
Bay State Gas Company 214,024 0 1.87%
Columbia Assurance Agency, Inc. N/A 37 1.87%
Columbia Accounts Receivable Corporation N/A 9,806 1.87%
Columbia Atlantic Trading Corporation N/A 3,966 1.87%
CNR Canada, Ltd. 4,408 0 1.87%
Columbia Energy Group Capital Corporation N/A 0 1.87%
Columbia Deep Water Services Company 453 0 1.87%
Columbia Electric Corporation N/A 6,872 1.87%
Columbia Energy Resources, Inc. N/A 2,935 1.87%
Columbia Energy Services Corporation 37,302 0 1.87%
Columbia Finance Corporation N/A 0 1.87%
Columbia Energy Group N/A 864,099 1.87%
Columbia Gulf Transmission Company 15,132 0 1.87%
Columbia Gas of Virginia, Inc. 26,328 0 1.87%
Columbia Insurance Corporation, Ltd. N/A 937 1.87%
Columbia Gas of Kentucky, Inc. 11,886 0 1.87%
Columbia LNG Corporation N/A 0 1.87%
Columbia Gas of Maryland, Inc. 0 14,315 1.87%
CNS Microwave, Inc. N/A 1,789 1.87%
Columbia Natural Resources, Inc. 80,082 0 1.87%
Columbia Network Services Corporation N/A 3,191 1.87%
Columbia Gas of Ohio, Inc. 226,113 0 1.87%
Columbia Gas of Pennsylvania, Inc. 81,099 0 1.87%
Columbia Propane Corporation 0 0 1.87%
CP Holdings, Inc. N/A 0 1.87%
Columbia Pipeline Corporation N/A 0 1.87%
Columbia Energy Power Marketing Corporation 0 0 1.87%
Columbia Remainder Corporation 0 0 1.87%
Crossroads Pipeline 30,537 0 1.87%
NiSource Corporate Services Company 63,680 0 1.87%
Columbia Service Partners, Inc. N/A 0 1.87%
Columbia Transmission Communications Corporation N/A 913 1.87%
NiSource Development Company, Inc. 184,712 0 1.87%
EnergyUSA, Inc. 51,190 0 1.87%
EnergyUSA, Inc. (MA) 0 1,789 1.87%
Kokomo Gas and Fuel Company 0 4,702 1.87%
NiSource Capital Markets. Inc. N/A 840 1.87%
NI Energy Services, Inc. 48,891 0 1.87%
NiSource Energy Technologies, Inc. 22,271 0 1.87%
NiSource Finance Corp. N/A 1,144,140 1.87%
NiSource Inc. N/A 396,445 1.87%
Northern Indiana Fuel and Light Company, Inc. 0 8,647 1.87%
Northern Indiana Public Service Company 651,675 0 1.87%
Granite State Gas Transmission 7,146 0 1.87%
Northern Utilities, Inc. 16,571 0 1.87%
Columbia Petroleum Corporation N/A 0 1.87%
Columbia Propane, L.P. N/A 0 1.87%
Primary Energy, Inc. 160,521 0 1.87%
Columbia Gas Transmission Corporation 154,851 0 1.87%
EnergyUSA-TPC Corp. 53,481 0 1.87%
23