================================================================================
CONFIDENTIAL
================================================================================
THIS DOCUMENT CONTAINS OPERATIONAL AND FINANCIAL INFORMATION, WHICH IS
CONFIDENTIAL AND SHOULD ONLY BE DISCUSSED WITH NISOURCE PERSONNEL WHO REQUIRE
SUCH KNOWLEDGE WITHIN THE SCOPE OF THEIR EMPLOYMENT. THIS MATERIAL MAY NOT BE
RELEASED OR ITS CONTENTS DISCUSSED OUTSIDE THE COMPANY UNLESS AUTHORIZED BY A
MEMBER OF NISOURCE'S SENIOR MANAGEMENT.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U5S/A
ANNUAL REPORT
For the Year Ended December 31, 2001
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
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TABLE OF CONTENTS
Page or
Exhibit No.
Item 1. System Companies and Investment Therein as of December
31, 2001 .............................................. 3
Item 2. Acquisitions or Sales of Utility Assets ............... 10
Item 3. Issue, Sale, Pledge, Guarantee or Assumption of System
Securities ............................................ 10
Item 4. Acquisition, Redemption or Retirement of System
Securities During 2001 ................................ 11
Item 5. Investments in Securities of Nonsystem Companies ...... 12
Item 6. Officers and Directors ................................ 13
Item 7. Contributions and Public Relations .................... 39
Item 8. Service, Sales and Construction Contracts ............. 41
Item 9. Wholesale Generators and Foreign Utility Companies .... 42
Item 10. Financial Statements and Exhibits ..................... 44
Financial Statements ............................................. 48
Signature of Registrant's Officer ................................ 238
Exhibits: Annual Reports Under the Securities Exchange Act
of 1934 ....... ....................................... 240
Corporate Organization & By-Laws ...................... 241
Indentures or Contracts ............................... 260
Tax Allocation Agreement for 2001 ..................... 261
Other Documents Prescribed by Rule or Order ........... 262
Report of Independent Public Accountants .............. 263
System Organization Chart ............................. 265
Financial Statements of Exempt Wholesale Generators
or Foreign Utility Company ............................ 276
2
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
Item 1. is hereby amended and restated in its entirety:
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000)
---------------------------------------------------------------------------------------------------------------------------------
NiSource Inc. (NI)
1 Bay State Gas Company (BSG) 100 100.0 534,381 534,381
Unsecured Debt -- -- 236,085 236,085
Subsidiaries:
2 Bay State GPE, Inc. (BSGPE) 1,000 100.0 133 133
2 Northern Utilities, Inc. (NU) 100 100.0 111,095 111,095
Unsecured Debt -- -- 78,833 78,833
1 Columbia Energy Group (CG) 3,000 100.0 2,177,174 6,236,587
Unsecured Debt -- -- 310,235 310,235
Subsidiaries:
2 Columbia Atlantic Trading Corporation (CAT) 308 100.0 5,001 5,001
2 Columbia Energy Group Capital Corporation (CCC) 1 100.0 1,320 1,320
Subsidiary:
3 TriStar Gas Technologies, Inc. (TGT)* 20,000 100.0 -- --
2 Columbia Energy Resources, Inc. (CER) 1 100.0 123,139 123,139
Subsidiaries:
3 Alamco-Delaware, Inc. (AD) 100 100.0 7,441 7,441
3 Columbia Natural Resources, Inc. (CNR) 2 100.0 120,318 120,318
3 Columbia Natural Resources Canada, Ltd. (CNRCL) 1 100.0 11,474 11,474
3 Hawg Hauling & Disposal, Inc. (HH) 900 100.0 1,185 1,185
2 Columbia Energy Services Corporation (CES) 2,500 100.0 (127,203) (127,203)
Subsidiaries:
3 Columbia Energy Marketing Corporation (CEM)* 101 100.0 -- --
3 Columbia Energy Power Marketing Corporation (CPM)* 1 100.0 -- --
3 Columbia Energy Retail Corporation (CERC)* 2,000 100.0 -- --
2 Columbia Finance Corporation (CFC) 10 100.0 8,519 8,519
Subsidiary:
3 Columbia Accounts Receivable Corporation (CAR) 10 100.0 8,519 8,519
---------------------------------------------------------------------------------------------------------------------------------
3
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000)
------------------------------------------------------------------------------------------------------------------------------------
2 Columbia Gas of Kentucky, Inc. (CKY) 952,248 100.0 80,048 80,048
Unsecured Debt -- -- 42,209 42,209
2 Columbia Gas of Maryland, Inc. (CMD) 2,883 100.0 27,181 27,181
Unsecured Debt -- -- 18,975 18,975
2 Columbia Gas of Ohio, Inc. (COH) 4,769,585 100.0 327,535 372,535
Unsecured Debt -- -- 207,232 207,232
2 Columbia Gas of Pennsylvania, Inc. (CPA) 1,805,112 100.0 194,455 194,455
Unsecured Debt -- -- 185,215 185,215
2 Columbia Gas of Virginia, Inc. (CGV) 1,306,106 100.0 165,554 165,554
Unsecured Debt -- -- 130,175 130,175
2 Columbia Gas Transmission Corporation (TCO) 1,934 100.0 1,088,297 1,088,297
Secured Debt -- -- 385,925 385,925
2 Columbia Gulf Transmission Company (CGT) 1,933 100.0 124,214 124,214
Unsecured Debt -- -- 77,468 77,468
2 Columbia Insurance Corporation, Ltd. (CICL) 14,800 100.0 5,643 5,643
2 Columbia LNG Corporation (CLNG) 3,519 92.1 8,517 8,517
Subsidiary:
3 CLNG Corporation (CLNGCO)* 155 100.0 -- --
2 Columbia Network Services Corporation (CNS) 900 100.0 4,523 4,523
Subsidiary:
3 CNS Microwave, Inc. (CMC) 110 100.0 -- --
2 Columbia Petroleum Corporation (PET)* 1,001 100.0 -- --
2 Columbia Pipeline Corporation (CPL) 1 100.0 1,052 1,052
Subsidiary:
3 Columbia Deep Water Services Company (CDW) 1 100.0 1,009 1,009
2 Columbia Remainder Corporation (CRC) 100 100.0 (2,101) (2,101)
Subsidiaries:
3 Columbia Electric Binghamton General
Corporation (CEB)* 118 100.0 -- --
------------------------------------------------------------------------------------------------------------------------------------
4
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000)
-----------------------------------------------------------------------------------------------------------------------------------
3 Columbia Electric Binghamton Limited Corporation (CEBL)* 142 100.0 -- --
3 Columbia Electric Haverstraw Corporation (CHC)* 1 100.0 -- --
3 Haverstraw Bay, LLC (HBL)* (a) -- 98.0 -- --
2 Columbia Service Partners, Inc. (CSP) 2,940 100.0 5,154 5,154
Subsidiaries:
3 Columbia Assurance Agency, Inc. (CAA) 850 100.0 19 19
3 Columbia Service Partners of Virginia, Inc. 100 100.0 -- --
2 Columbia Transmission Communications Corporation (CTC) 1 100.0 81,746 81,746
1 EnergyUSA, Inc. (IN) (EUII) 1,000 100.0 (62,339) (62,339)
Unsecured Debt -- -- 12,761 12,761
Subsidiaries:
2 EnergyUSA, Inc. (MA) (EUIM) 10,000 100.0 6,865 6,865
Unsecured Debt -- -- 5,722 5,722
Subsidiaries:
3 EnergySPE, Inc. (ESPE) 10,000 100.0 (634) (634)
3 EnergyUSA (Connecticut), Inc. (EUIC) 6,955 100.0 (3,207) (3,207)
Unsecured Debt -- -- 4,414 4,414
Subsidiaries:
4 Brayer Energy Solutions, Inc. (BES)* 100 100.0 (881) (881)
4 EnergyUSA Engineering, Inc. (EUE) 919 100.0 (1,277) (1,277)
4 EnergyUSA Mechanical, Inc. (EUM) 400 100.0 2,087 2,087
2 EnergyUSA-TPC Corp. (TPC) 100 100.0 8,794 8,794
Unsecured Debt -- -- 1,580 1,580
Subsidiary:
3 EnergyUSA Appalachian Corp. (EUA) 100 100.0 5,185 5,185
2 NESI Energy Marketing L.L.C. (NEML) (b) -- 100.0 233 233
2 NI Energy Services Transportation, Inc. (NEST) 1,000 100.0 354 354
2 MS-1 Distribution & Storage Corporation (MS1)* 250 100.0 -- --
2 NI Fuel Company, Inc. (NIFC) 1,000 100.0 (11,215) (11,215)
----------------------------------------------------------------------------------------------------------------------------------
5
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000)
-------------------------------------------------------------------------------------------------------------------------------
2 NI-TEX, Inc. (NITEX) 1,000 100.0 (1,707) (1,707)
Unsecured Debt -- -- 16 16
2 NI-TEX Gas Services Inc. (NGS) 920 100.0 9,991 9,991
2 EnergyUSA Commercial Energy Services Inc. (EUC) 1,000 100.0 (8,893) (8,893)
2 EnergyUSA Retail, Inc. (EUR) 1,000 100.0 (7,259) (7,259)
Unsecured Debt -- -- 12,338 12,338
Subsidiary:
3 EnergyUSA Consumer Products Group, Inc. (EUP)* 10,000 100.0 -- --
1 Kokomo Gas and Fuel Company (KOKO) 478,248 100.0 34,418 34,418
Unsecured Debt -- -- 1,015 1,015
Subsidiary:
2 KGF Trading Company (KGF)* 100 100.0 -- --
1 NI Energy Services, Inc. (NESI) 1,000 100.0 (19,130) (19,130)
Unsecured Debt -- -- 15,539 15,539
Subsidiaries:
2 Crossroads Pipeline Company (CROSS) 1,000 100.0 (8,696) (8,696)
Unsecured Debt -- -- 30,393 30,393
2 Green Fuels, Inc. (GREEN)* 1,000 100.0 (3,192) (3,192)
Unsecured Debt -- -- 3,312 3,312
1 NESI Power Marketing, Inc. (NPM) 1,000 100.0 (19,888) (19,888)
Unsecured Debt -- -- 26,314 26,314
2 NiSource Energy Services Canada, Ltd. (NESCL)* -- 100.0 (421) (421)
Subsidiary:
3 NESI Energy Marketing Canada Ltd. (NEMCL)* -- 70.0 -- --
1 NiSource Capital Markets, Inc. (NCM) 1,000 100.0 37,761 37,761
Unsecured Debt -- -- 449,956 449,956
1 NiSource Capital Trust I (NCT) (c) -- 100.0 (4,028) (4,028)
1 NiSource Corporate Services Company (NCS) 1,000 100.0 400 400
Unsecured Debt -- -- 45,409 45,409
-------------------------------------------------------------------------------------------------------------------------------
6
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000)
-----------------------------------------------------------------------------------------------------------------------------------
1 NiSource Development Company, Inc. (NDEV) 1,000 100.0 (86,164) (86,164)
Unsecured Debt -- -- 181,366 181,366
Subsidiaries:
2 Analytic Systems Laboratories, Inc. (ASL)* 1,167 70.0 -- --
2 Cardinal Property Management, Inc. (CARD) 1,000 100.0 (76) (76)
2 Customer Information Services, Inc. (CIS) 1,000 100.0 85 85
2 JOF Transportation Company (JOF) 1,000 100.0 4,116 4,116
Unsecured Debt -- -- 288 288
2 KOGAF Enterprises, Inc. (KOGF) 100 100.0 (6) (6)
2 Lake Erie Land Company (LEL) 1,000 100.0 71,373 71,373
Subsidiary:
3 SCC Services, Inc. (SCC) 1,000 100.0 (2,301) (2,301)
2 NDC Douglas Properties, Inc. (NDC) 1,000 100.0 9,663 9,663
Unsecured Debt -- -- 10,411 10,411
2 Progeni, Inc. (PRO)* 1,000 100.0 (2,728) (2,728)
Unsecured Debt -- -- 5,098 5,098
2 Protonics Research, Inc. (PRI)* 900 90.0 -- --
2 South Works Power Company (SWP) 1,000 100.0 -- --
-----------------------------------------------------------------------------------------------------------------------------------
7
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000)
-----------------------------------------------------------------------------------------------------------------------------------
1 NiSource Energy Technologies, Inc. (NET) 100 100.0 (6,215) (6,215)
Unsecured Debt -- -- 17,859 17,859
1 NiSource Finance Corp. (NFC) 100 100.0 (232,732) (232,732)
Unsecured Debt -- -- 2,929,602 2,929,602
1 NiSource Pipeline Group, Inc. (NPG) 1,000 100.0 10,945 10,945
Subsidiaries:
2 Granite State Gas Transmission, Inc. (GSGT) 29,900 100.0 8,869 8,869
Unsecured Debt -- -- 18,969 18,969
Subsidiaries:
3 Bay State Energy Enterprises, Inc. (BSEE) 10,000 100.0 69 69
3 Natural Gas Development, Inc. (NGD) 10,000 100.0 684 684
2 PNTGS Holding Corp. (PNTGS) 1,000 100.0 -- --
1 Northern Indiana Fuel and Light Company, Inc. (NIFL) 275,000 100.0 45,390 45,390
Unsecured Debt -- -- 4,000 4,000
Subsidiary:
2 Northern Indiana Trading Company, Inc. (NITC) 1,000 100.0 4,043 4,043
1 Northern Indiana Public Service Company (NIP) 73,282,258 100.0 1,036,314 1,036,314
Secured Debt -- -- 55,000 55,000
Unsecured Debt -- -- 1,068,479 1,068,479
Subsidiary:
2 NIPSCO Exploration Company, Inc. (NEXCO) 1,000 100.0 2,261 2,261
------------------------------------------------------------------------------------------------------------------------------------
8
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000)
--------------------------------------------------------------------------------------------------------------------------
1 Primary Energy, Inc. (PEI) 1,000 100.0 (794) (794)
Unsecured Debt -- -- 2,220 2,220
Subsidiaries:
2 Cokenergy, Inc. (CEI) 1,000 100.0 312 312
2 Harbor Coal Company (HCC) 1,000 100.0 324 324
2 Ironside Energy LLC (IEL) (d) -- 100.0 -- --
Unsecured Debt -- -- 3,276 3,276
2 Lakeside Energy Corporation (LEC) 1,000 100.0 7,660 7,660
Unsecured Debt -- -- 703 703
2 North Lake Energy Corporation (NLEC) 1,000 100.0 (4,128) (4,128)
2 Portside Energy Corporation (PORT) 1,000 100.0 (1,587) (1,587)
2 Whiting Clean Energy, Inc. (WCE) 1,000 100.0 -- --
Unsecured Debt -- -- 15,923 15,923
1 SM&P Utility Resources, Inc. (SMP)(e) 100 100.0 46,522 17,000
Subsidiary:
2 Colcom Incorporated (CI) (e) 1,000 100.0 228 228
--------------------------------------------------------------------------------------------------------------------------
Note: All debt amounts exclude the current portion of long-term debt and money
pool transactions and include intercompany notes payable.
* Company was inactive at December 31, 2001.
9
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
(a) Haverstraw Bay, LLC was involved with power generation. Columbia
Electric Haverstraw Corporation owns a 2% interest and Columbia
Remainder Corporation directly holds 98%.
(b) NESI Energy Marketing L.L.C. was involved with the marketing of
natural gas and electricity. EnergyUSA, Inc. (IN) owns a 100% interest.
(c) NiSource Capital Trust I is a financing subsidiary of NiSource Inc.
NiSource Inc. holds 100% of the common equity.
(d) Primary Energy, Inc. owns a 100% interest in Ironside Energy LLC.
(e) SM&P Utility Resources, Inc. was sold to The Laclede Group on January
28, 2002.
ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS
None.
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES
None.
10
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES DURING 2001
NAME OF COMPANY
ACQUIRING, REDEEMING NUMBER PRINCIPAL CONSIDERATION HELD OR COMMISSION
NAME OF ISSUER AND TYPE OF ISSUE OR RETIRING SECURITIES OF SHARES AMOUNT ($000) ($000) RETIRED AUTHORIZATION
-----------------------------------------------------------------------------------------------------------------------------------
BSG
Unsecured Debt BSG - 15,000 35,000 Retired Exempt Rule 52
Medium Term Note - 7.25% Due 08/05/02 BSG - 20,000 20,000 Retired Exempt Rule 52
Subsidiary:
NU
Medium Term Note - 6.93%
Due 09/01/31 NU - 1,667 1,667 Retired Exempt Rule 52
CGV
Unsecured Debt CGV - 12,835 12,835 Retired Exempt Rule 52
CKY
Unsecured Debt CKY - 5,829 5,829 Retired Exempt Rule 52
COH
Unsecured Debt COH - 139 139 Retired Exempt Rule 52
CMD
Unsecured Debt CMD - 2,495 2,495 Retired Exempt Rule 52
CPA
Unsecured Debt CPA - 17,843 17,843 Retired Exempt Rule 52
EUIM
Medium Term Note - 6.50% Due 11/17/01 EUIM - 470 470 Retired Exempt Rule 52
Medium Term Note - 6.00% Due 11/17/06 EUIM - 1,016 1,016 Retired Exempt Rule 52
Medium Term Note - 6.00% Due 11/17/06 EUIM - 943 943 Retired Exempt Rule 52
Medium Term Note - 6.00% Due 11/17/06 EUIM - 452 452 Retired Exempt Rule 52
NDC
Unsecured Debt NDC - 6,504 6,504 Retired Exempt Rule 52
NIP
Preferred Stock NIP - 1,155 1,155 Retired Exempt Rule 52
Secured Debt NIP - 500 500 Retired Exempt Rule 52
Unsecured Debt NIP - 18,500 18,500 Retired Exempt Rule 52
TCO
Secured Debt TCO - 128,515 128,515 Retired Exempt Rule 52
-----------------------------------------------------------------------------------------------------------------------------------
11
ITEM 5. INVESTMENTS IN SECURITIES OF NON SYSTEM COMPANIES
% OF VOTING NUMBER OF
POWER OR SHARES BOOK VALUE
INVESTOR INVESTEE TYPE OF INVESTMENT INTEREST HELD OWNED ($000)
----------------------------------------------------------------------------------------------------------------------------------
AD Phoenix-Alamco Ventures, L.L.C. LLC Membership 50.0 N/A *
CEB Binghamton Cogeneration Limited Partnership Limited Partnership 10.0 N/A *
CEBL Binghamton Cogeneration Limited Partnership Limited Partnership 23.3 N/A *
CER Clarksburg Gas Limited Partnership Limited Partnership 2.0 N/A *
CHC Haverstraw Bay, LLC LLC Membership 2.0 N/A *
HCC PCI Associates Limited Partnership 50.0 N/A *
JOF Chicago South Shore & South Bend Railroad Co. General Partnership 40.0 N/A *
JOF Illinois Indiana Development Company, L.L.C. LLC Membership 40.0 N/A *
NDC Bittersweet Pointe, L.P. Limited Partnership 99.0 N/A *
NDC Douglas Pointe, L.P. Limited Partnership 99.0 N/A *
NDC Douglas Pointe II, L.P. Limited Partnership 99.0 N/A *
NDC Douglas Pointe III, L.P. Limited Partnership 99.0 N/A *
NDC Dunedin, L.L.C. LLC Membership 99.0 N/A *
NDC Dunedin II, L.L.C. LLC Membership 99.0 N/A *
NDC Hebron Pointe, L.L.C. LLC Membership 99.0 N/A *
NDC House Investments, L.P. Limited Partnership 99.0 N/A *
NDC House Investments II, L.P. Limited Partnership 99.0 N/A *
NDC Kingsmill Limited Partnership 100.0 N/A *
NDC Prestwick Square, L.P. Limited Partnership 98.0 N/A *
NDC Robertson, L.L.C. LLC Membership 99.0 N/A *
NDC Woodland Crossing, L.L.C. LLC Membership 99.0 N/A *
NDEV N Squared Aviation, L.L.C. LLC Membership 33.3 N/A *
NET Acumentrics Corporation Common Shares 3.1 333,333 *
NET Capstone Turbine Corporation Common Shares 0.02 11,574 *
NET CID Equity Capital III, L.P. Limited Partnership 2.0 N/A *
NET Corning Incorporated Common Shares 0.003 23,796 *
NET Covance, Inc. Common Shares 0.01 4,483 *
NET Evergreen Solar, Inc. Common Shares 0.1 14,524 *
NET MOSAIC Energy, L.L.C. LLC Membership 32.6 N/A *
NET Nth Power Technologies Fund II, L.P. Limited Partnership 4.1 N/A *
NET Nth Power Technologies Fund II-A, L.P. Limited Partnership 5.4 N/A *
NET Quest Diagnostics Incorporated Common Shares 0.01 4,482 *
NET SunPower Corporation Preferred Shares 17.6 1,055,194 *
NET Utech Climate Challenge Fund, L.P. Limited Partnership 17.9 N/A *
NGS MidTex Gas Storage Company, L.L.P. Limited Partnership 31.0 N/A *
NIFC Bristol Resources Production Company, L.L.C. LLC Membership 64.0 N/A *
NITEX Laredo Nueces Pipeline Company Common Shares 50.0 N/A *
TCO Millenium Pipeline Company, L.P. Limited Partnership 47.0 N/A *
TCO Millenium Pipeline Management Company, L.L.C.(a) LLC Membership 47.5 N/A *
TGT EnerTek Partners, LP Limited Partnership 16.5 N/A *
----------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED.
(a) Millenium Pipeline Management Company, L.P. holds a 1% general partner
interest in Millenium Pipeline Company, L.P.
12
ITEM 6. OFFICERS AND DIRECTORS
PART I. NAMES, PRINCIPAL BUSINESS ADDRESS AND POSITIONS HELD AS OF
DECEMBER 31, 2001
The names, principal address and positions held as of December 31, 2001 of the
officers and directors of System companies is presented in the tables on the
following pages. The principal business address of each officer and director is
indicated in such tables by the numbers (1) through (27). The addresses
associated with these number designations are shown in the following address
key. The symbols used to indicate the positions held by officers and directors
are shown in the position symbol key below.
Address:
--------------------------------------------------------------------------------
1. 801 East 86th Avenue, Merrillville, Indiana 46410
2. 200 Civic Center Drive, Columbus, Ohio 43215
3. 12801 Fair Lakes, Parkway, Fairfax, Virginia 22030
4. 1220 Waterway Blvd, Indianapolis, Indiana 46206
5. 10 G Street, Suite 580, Washington DC 20002
6. Mintflower Place, 3rd Floor, 8 Par-La-Ville Road, Hamilton Bermuda HMNX
7. 67 Suncrest Terrace, PO Box 131, Colchester, Vermont, 05446
8. 2 Church Street, PO Box HM1022, Hamilton Bermuda HMDX
9. 1600 Dublin Road, Columbus Ohio 43215
10. 300 Friberg Pkwy, Westborough, Massachusetts 01581
11. 900 East Blvd, Kokomo, Indiana 46902
12. 220 E. Seventh Street, Auburn, Indiana 46706
13. 2001 Mercer Road, Lexington, Kentucky 40512
14. 1010 Sand Creek Drive, Chesterton, Indiana 46304
15. 650 Washington Road, Pittsburgh, Pennsylvania, 15228
16. 2603 Augusta, Houston, Texas, 77057
17. 900 Pennsylvania Avenue, Charleston, WV 25362
18. 1700 MacCorkle Avenue, S.E. Charleston, West Virginia 25314
19. 9001 Arboretum Parkway, Richmond, Virginia 23236
20. 4100 Edision Lakes Pkwy., Mishawaka, Indiana 4645
21. 1000, 400-3 Avenue SW, Calgary, AB T2P 4H2 Canada
22. 3661 Buchanan Street, 3rd Floor, San Francisco, California 94123
23. 1700 South Mt. Prospect Road, DesPlaines, Illinois 60018
24. 280 Park Avenue, West Building 3th Fl, New York, New York
25. 801 - 7th Avenue S.W., Calgary, Alberta, Canada T2P 3P7
26. City Place I, 185 Asylum Street, 32nd Fl. Hartford, CT 06103
27. 50 Keil Drive North, Chatham, Ontario Canada N7M 5M1
13
ITEM 6. OFFICERS AND DIRECTORS (continued)
POSITION KEY CODE
D - Director
COB - Chairman of the Board
VC - Vice Chairman
CEO - Chief Executive Officer
COO - Chief Operating Officer
CFO - Chief Financial Officer
CAO - Chief Accounting Officer
CIO - Chief Information Officer
P - President
GC - General Counsel
GM - General Manager
GME - General Manager Electric Supply
GP - Group President
EVP - Executive Vice President
SVP - Senior Vice President
VP - Vice President
T - Treasurer
TR - Trustee
C - Controller
S - Secretary
CMS - Chairman of the Management Committee
MMC - Member of the Management Committee
SP - Sponsor
14
ITEM 6. OFFICERS AND DIRECTORS (continued)
NAME NI CG CAR NCM NCT NFC CCC TGT
------------------------ -------------------- -------- -------- -------- -------- -------- -------- ---------
Stephen P. Adik (1) D, VC D D D SP D
Steven C. Beering (1) D
Arthur J. Decio (1) D
Dennis E. Foster (1) D
James T. Morris (4) D
Gary L. Neale (1) D, COB, P, CEO
Ian M. Rolland (1) D
John W. Thompson (1) D
Robert J. Welsh (1) D
Carolyn Y. Woo (1) D
Roger A. Young (1) D
Michael W. O'Donnell (1) EVP, CFO D, P D, P D, P TR D, P D, P D, P
S. LaNette Zimmerman (1) EVP
Peter V. Fazio Jr. (1) EVP, GC
Catherine G. Abbott (3) GP
Patrick J. Mulchay (1) GP
Jeffrey W. Yundt (1) GP
James M. Clarke (1) SVP
Arthur E. Smith (1) SVP
Maria P. Hibbs (1) VP
Jeffrey W. Grossman (1) VP, C, CAO VP VP VP TR VP VP VP
Dennis W. McFarland (1) VP, T VP, T VP, T VP, T TR VP, T T T
Dennis E. Senchak (1) VP
Arthur A. Paquin (1) VP
David A. Kelly (4) VP
Gary W. Pottorff (1) S S S S S S S
Vincent H. DeVito (2) C C C C C C
15
ITEM 6. OFFICERS AND DIRECTORS (continued)
NAME NCS CICL CAT CES CEM CPM CFC CLNG CLNGCO
------------------------ ------------ ---------- -------- -------- -------- -------- -------- --------- ----------
Stephen P. Adik (1) D, VC D D D D
Gary L. Neale (1) D, COB, CEO
Jeffrey W. Grossman (1) VP D, P VP D, VP VP VP VP VP VP
Dennis W. McFarland (1) VP, T VP, T VP, T T VP, T VP, T VP, T VP, T VP, T
Barbara S. McKay (1) VP
Stephen P. Smith (2) P, COO
James M. Clarke (1) SVP D
Michael W. O'Donnell (1) EVP, CFO D D D, P D D, P D, P D, P D, P
S. LaNette Zimmerman (1) EVP
Arthur E. Smith, Jr. (1) SVP
Thomas J. Aruffo (1) VP
Mary C. Bloom (2) VP
Richard L. Bond (1) VP
Robert D. Campbell (1) VP
Donald K. Eldert (1) VP
Jerry L. Godwin (1) VP
Gail W. Harowski (1) VP
Dorothy M. Hawkins (1) VP
Joel L. Hoelzer (1) VP
Peggy Landini (1) VP
Mark T. Maassel (1) VP
Scott C. MacDonald (1) VP
John M. O'Brien (2) VP
Rebecca T. Sczudlo (5) VP
David J. Vajda (1) VP
Theresa A. Balog (2) VP
Robert D. Stuart (2) CIO
Gary W. Pottorff (1) S S S S S S S S
Tim Bucci (1) D, VP
Susan Gatje (6) D
Kathryn A. Westover (7) D
Michael Ashford (8) S
Vincent H. DeVito (2) C C C C C C C C
16
ITEM 6. OFFICERS AND DIRECTORS (continued)
NAME NIP CSP CAA NET BES
------------------------ ------------ ------- --------- ------- ------
Stephen P. Adik (1) D D, P
Patrick J. Mulchay (1) D
Jeffrey W. Yundt (1) D, COB D D
Barrett Hatches (1) P, CEO
Robert J. Schacht (1) EVP, COO
Jerry L. Godwin (1) VP, GME
Timothy Taylor (1) VP
Karen J. Lenzo (1) VP
Daniel D. Gavito (1) VP
Timothy A. Dehring (1) VP
James J. Hallar, Jr. (1) VP
Jeffrey W. Grossman (1) VP VP VP VP VP
Dennis W. McFarland (1) T T T T T
Robert G. Kriner (2) C C C
Gary W. Pottorff (1) S S S S S
Barbara S. McKay (1) P, CEO P, CEO
William J. Thomas (9) VP VP
Donald K. Eldert (1) VP
Steven P. Milne (22) VP
Carrie t. Lally (22) VP
Mark D. Wyckoff (1) D, P
Peter T. Disser (1) VP
Michael Zdyb (1) VP
Robert Kramer (1) VP
Vincent H. Devito (2) C
June M. Konold (2) C
17
ITEM 6. OFFICERS AND DIRECTORS (continued)
NAME KOKO KGF KOGF NIFL NITC
-------------------------- ---------- --------- ---------- --------- ----------
Stephen P. Adik (1) D D D D
Jeffrey W. Yundt (1) D, COB D, COB COB D, COB
Jeffrey W. Grossman (1) VP VP VP VP
Dennis W. McFarland (1) T
Robert G. Kriner (2) C C C
Gary W. Pottorff (1) S S S S
Barrett Hatches (1) D, CEO D D D, CEO
David W. Fox (11) T T
Vincent H. Devito (2) C
H. P. Conrad, Jr. (12) D, P, T D, P, T, S
N. Reed Silliman (12) D
E. F. Hemingway, III (12) VP
NAME BSG BSGPE NU PRO
-------------------------- ---------- --------- ---------- ---------
Stephen P. Adik (1) D D D, P
Jack E. McGregor (10) D D
Daniel J. Murphy III (10) D D
Gary L Neale (1) D D
Thomas C. Norton (10) D D
Thomas W. Sherman (10) D D
Robert C. Skaggs, Jr. (2) D, P, CEO D, P, CEO
Roger A. Young (1) D, COB D
Jeffrey W. Yundt (1) D D, COB
Kenneth M. Margossian (10) EVP, COO D, P, CEO EVP
Pamela A. Bellino (10) VP VP
Stephen H. Bryant (10) VP VP
Danny G. Cote (10) VP D, VP VP
Jeffrey W. Grossman (1) VP VP VP
Dennis W. McFarland (1) T T T T
Robert G. Kriner (2) C C C
Gary W. Pottorff (1) S S S
Vincent H. DeVito C
John M. O'Brien (2) VP
18
ITEM 6. OFFICERS AND DIRECTORS (continued)
NAME CKY CMD COH CPA CGV NEST
-------------------------- ----------- ---------- --------- --------- ----------- ---------
Stephen P. Adik (1) D D D D D D
Joseph W. Kelly (13) D, EVP, COO
Robert C. Skaggs, Jr. (2) D, P, CEO D, P, CEO D, P, CEO D, P, CEO D, P, CEO
Jeffrey W. Yundt (1) D D D D D D, P
Lawrence D. Smore (15) D, COO D, COO VP
Peggy H. Landini (1) D, EVP, COO
Terrence J. Murphy (15) VP VP VP
Edward A. Santry (14) VP VP
Roger D. Vari (15) VP, T VP
Douglas G. Borror (2) D
Charlotte P. Kessler (2) D
William E. Kirwan (2) D
Gary L. Neale (1) D
Richard F. James (16) VP VP VP VP VP
Gary W. Pottorff (1) S S S S S S
Reginald L. Carter (2) EVP, COO
M. Carol Fox (2) VP
Genevieve A Tuchow (2) VP
John W. Partridge, Jr. (2) VP VP
Timothy J. Tokish, Jr. (2) T VP, T
Janis L. Hannuksela (19) T
June M. Konold (2) C
Jeffrey W. Grossman (1) VP
Dennis W. McFarland (1) T
NAME CER AD CNR CNRCL HH
-------------------------- ----------- ---------- --------- --------- ----------
Catherine G. Abbott (3) D, CEO D, CEO D, CEO D, CEO D, CEO
Michael W. O'Donnell (1) D
Stephen M. Warnick (17) D, P D, P D, P D, P D, P
Thomas H. Blake (17) SVP D, SVP D, SVP D, SVP D, SVP
Sharon O. Flanery (17) VP D, VP D, VP D, VP D, VP
Jeffrey W. Grossman (1) VP VP VP VP VP
Kathleen O'Leary (3) VP VP VP VP VP
R. Neal Pierce (17) VP, GC D, GC D, GC D, GC D, GC
Dennis W. McFarland (1) T T T T T
June Konold (2) C C C C C
Gary W. Pottorff (1) S S S S S
19
ITEM 6. OFFICERS AND DIRECTORS (continued)
NAME TCO CGT CPL CDW CROSS
--------------------------- ---------- ---------- --------- --------- -----------
Catherine G. Abbott (3) D, CEO D, CEO D D, COB D, COB
Glen L. Kettering (3) D, P D, P D, P D, P D, P
Michael W. O'Donnell (1) D D D D D
Rene P. Dartez (16) SVP
James W Hart (16) SVP VP
W. Harris Marple (18) SVP SVP
Kathleen O'Leary (3) SVP SVP
Stephen M. Warnick (18) SVP SVP VP VP
Alan D. Burns (18) VP VP
B. Wayne Crocker (16) VP
Sheree L. Parks Downey (18) VP VP VP
Victor M. Gaglio (18) VP
Jeffrey W. Grossman (1) VP VP VP VP VP
Carl W. Levander (3) VP VP VP
Dennis W. McFarland (1) VP, T VP, T VP, T VP, T VP, T
David C. Pentzien (3) VP VP VP
Jeffrey S. Rich (3) VP
Reed D. Robinson (18) VP VP
Michael D. Watson (3) VP VP
Stephen M. Wilner (2) VP VP
Deanna J. Farmer (2) C C C C
Gary W. Pottorff (1) S S S S S
NAME MPMCL
David C. Pentzien (3) CMC
John D. Wolnik (27) MMC
Robert E. Jones (25) MMC
Robert E. Jones MMC
Kevin McCrackin (26) MMC
20
NAME NPG BSEE NGD PNGTS GSGT
--------------------------- ---------- ---------- --------- --------- ----------
Catherine G. Abbott (3) D, COB D, COB D, COB D, COB D, COB
Glen L. Kettering (3) D, P D, P D, P D, P D, P
Michael W. O'Donnell (1) D D D D D
Stephen M. Warnick (18) VP VP VP VP VP
Jeffrey W. Grossman (1) VP VP VP VP VP
Carl W. Levander (3) VP
Dennis W. McFarland (1) VP, T VP, T VP, T VP, T VP, T
David C. Pentzien (3) VP VP VP
Reed D. Robinson (18) VP
Michael D. Watson (3) VP
Deanna J. Farmer (2) C C C C C
Gary W. Pottorff (1) S S S S S
NAME CNS CMC CTC
--------------------------- ---------- ---------- ---------
Catherine G. Abbott (3) D, COB D D
Glen L. Kettering (3) D D D
Michael W. O'Donnell (1) D D D
Rene P. Dartez (16) D, P
Alan D. Burns (18) P P
Victor M. Gaglio (18) VP VP
Jeffrey W. Grossman (1) VP VP VP
Dennis W. McFarland (1) VP, T VP, T VP, T
Stephen T. MacQueen (3) VP VP
Kathleen R. O'Leary (3) VP
Jeffrey S. Rich (3) VP
Stephen M. Wilner (2) VP
Deanna J. Farmer (2) C C C
Gary W. Pottorff (1) S S S
21
ITEM 6. OFFICERS AND DIRECTORS (continued)
NAME TPC EUA NEML SWP PEI CEI
Stephen P. Adik (1) D D, VC D
Patrick J. Mulchay (1) D, P D, P D, P
David J. Vajda (1) D
James M. Clarke (1) VP VP
Michael Calderone (16) SVP, COO VP VP, COO
Peter I. Tumminello (16) VP VP VP
June M. Konold (2) C C C C
Jeffrey W. Grossman (1) VP VP VP VP VP VP
Dennis W. McFarland (1) T T T T T T
Gary W. Pottorff (1) S S S S S S
Joseph L. Turner, Jr. (1) D, COB, CEO D
Mark d. Wyckoff (1) P, COO P
Dean H. Hall (1) SVP SVP
V. Michael Alverson (1) VP VP
Kenneth P. Foley (1) VP VP
Richard L. Hoover (1) VP VP
Gregory A. Martinsen (1) VP VP
Vincent H. DeVito (2) C C
NAME HCC IEL LEC NLEC PORT WCE
Joseph L. Turner, Jr. (1) D D D D D
Mark d. Wyckoff (1) P P P P P P
Dean H. Hall (1) SVP SVP SVP SVP SVP SVP
V. Michael Alverson (1) VP VP VP VP VP VP
Kenneth P. Foley (1) VP VP VP VP VP VP
Richard L. Hoover (1) VP VP VP VP VP VP
Gregory A. Martinsen (1) VP VP VP VP VP VP
Vincent H. DeVito (2) C C C C C C
Jeffrey W. Grossman (1) VP VP VP VP VP VP
Dennis W. McFarland (1) T T T T T T
Gary W. Pottorff (1) S S S S S S
22
ITEM 6. OFFICERS AND DIRECTORS (continued)
NAME CERC PET CRC CEB CEBL CHC
Stephen P. Adik (1) D D D D D
Michael W. O'Donnell (1) D, P D, P, CEO D, P D, P D, P D, P
Jeffrey W. Grossman (1) VP VP VP VP VP VP
Dennis W. McFarland (1) VP, T T VP, T VP, T VP, T VP, T
Vincent H. DeVito (2) C C C C C C
Gary W. Pottorff (1) S S S S S S
NAME EUII EUIM ESPE EUIC EUE EUC
Stephen P. Adik (1) D, P D D, P D, P D, P D, P
Mark A. Cleaves (19) P
Donald K. Eldert (1) VP VP VP VP VP VP
Jeffrey W. Grossman (1) VP VP VP VP VP VP
Dennis W. McFarland (1) T T T T T T
June M. Konold (2) C C C C C C
Gary W. Pottorff (1) S S S S S S
NAME EUM EUR NIFC NITEX NGS NESI
Stephen P. Adik (1) D, P D, P D D, P D, P D
Jeffrey W. Yundt (1) D, P
James M. Clarke (1) D
Donald K. Eldert (1) VP VP
Jeffrey W. Grossman (1) VP VP VP VP VP VP
Dennis W. McFarland (1) T T T T T T
June M. Konold (2) C C C C C
Gary W. Pottorff (1) S S S S S S
Vincent H. DeVito (2) C
23
ITEM 6. OFFICERS AND DIRECTORS (continued)
NAME NPM NESCL NDEV CARD LEL SCC
Stephen P. Adik (1) D D, P D, P D, VC D, COB
Gary L. Neale (1) D D D, COB
Jeffrey W. Yundt (1) D, P D, P
James W. Surbey (21) D, S
Jeffrey W. Grossman (1) VP VP VP VP VP
Dennis W. McFarland (1) T T T T T
June M. Konold (2) C
Gary W. Pottorff (1) S S S S
Vincent H. DeVito (2) C C C
Patricia K. Locascio (1) GM
Arthur A. Paquin (1) C
Jerry D. Mobley (14) P P
NAME JOF NSAL NDC SMP CI ASL
Stephen P. Adik (1) D, P D, P D, P D, COB D, P
William E. McDonough (20) P
Thomas J. Aruffo (1) VP, T
Jeffrey W. Grossman (1) VP VP VP VP VP
Dennis W. McFarland (1) T T T T T
Patricia K. Locascio (1) GM
Gary W. Pottorff (1) S S S S S S
Vincent H. DeVito (2) C C C C C
NAME CIS EUP GREEN MS1 NEXCO PRI
Stephen P. Adik (1) D, P D, P D, P D, P D D, P
Gary L. Neale (1) COB
Donald K. Eldert (1) VP VP
Jeffrey W. Grossman (1) VP VP VP VP VP VP
Dennis W. McFarland (1) T T T T T T
Gary W. Pottorff (1) S S S S S S
Vincent H. DeVito (2) C C C C
June M. Konold (2) C C
24
ITEM 6. OFFICERS AND DIRECTORS (continued)
PART II. FINANCIAL CONNECTIONS AS OF DECEMBER 31, 2001*
POSITION HELD IN APPLICABLE
NAME OF OFFICER OR DIRECTOR NAME AND LOCATION OF FINANCIAL INSTITUTION FINANCIAL INSTITUTION EXEMPTION
--------------------------- ------------------------------------------ --------------------- ---------
William Krivan, Director Bank One of OH Director Rule 70(c)
of Columbia Gas of Ohio
Jack E. McGregor, Director People's Bank - Bridgeport, CT Director Rule 70(c)
of Bay State Gas Company and
Northern Utilities
James T. Morris, Director of National City Bank - Indianapolis, IN Director Rule 70(c)
NiSource Inc. and Chairman of
IWC Resources Corporation
Daniel J. Murphy, Director of Northmark Bank - North Andover, MA Director Rule 70(c)
Bay State Gas and Northern
Utilities
Gary L. Neale, Director and Mercantile National Bank - Hammond, IN Director Rule 70(c)
Chairman, President and Chief
Executive Officer of NiSource Inc.
Robert J. Schacht, Executive HFS Bank - Hobart, IN Director Rule 70(c)
Vice President and Chief
Operating Officer of Northern
Indiana Public Service Company
Robert J. Welsh, Director of Mercantile National Bank - Hammond, IN Director Rule 70(c)
NiSource Inc.
Carolyn Y. Woo, Director of St. Joseph Capital Bank - Mishawaka, IN Director Rule 70(c)
NiSource Inc.
25
ITEM 6. OFFICERS AND DIRECTORS (continued)
PART III(a). COMPENSATION OF OFFICERS AND DIRECTORS
EXECUTIVE COMPENSATION
NOMINATING AND COMPENSATION COMMITTEE REPORT ON EXECUTIVE COMPENSATION
The Nominating and Compensation Committee's compensation policy is designed to
relate total compensation (base salary, incentive bonus and long-term
stock-based compensation) to corporate performance. This policy applies to all
executive officers, including the Chief Executive Officer of NiSource and the
four other most highly compensated executive officers, which collectively
constitute the "Named Officers." In 2001, the Named Officers were the Chief
Executive Officer, Mr. Neale, and Messrs. Adik, Mulchay, O'Donnell and Yundt.
The Committee has implemented a "pay-for-performance" program which is designed
to position the Company executive compensation competitively and to reward
performance that creates additional stockholder value. The Committee discusses
and considers executive compensation matters, then makes recommendations to the
full board of directors, which takes the final action on these matters. The
board accepted all of the Committee's recommendations in 2001.
The Committee has engaged Hewitt Associates, an independent compensation
consulting firm, to advise it and provide surveys of comparative compensation
practices for (1) a group of similarly sized energy-oriented companies,
including electric, gas or combination utility companies, diversified energy
companies and companies with gas marketing, transmission and distribution
operations and energy services operations, and (2) a group of similarly sized
companies in general industry. Each of these 2001 executive compensation
comparative groups consisted 34 companies from which data was available to
Hewitt and which the Committee believed to be competitors of the Company for
executive talent. The Committee may change the companies contained within the
comparative compensation groups in future years if information about any company
included in a group is not available, any companies included in a group are no
longer competitors for executive talent, or if the Committee determines that
different energy or other types of companies are competitors of the Company. The
Company's comparative compensation group is not the same as the corporations
that make up the Dow Jones Utilities Index in the Stock Price Performance Graph
included in this proxy statement.
The Committee considers the surveys provided by Hewitt in determining base
salary, incentive bonus and long-term stock-based compensation. The Committee's
philosophy is to set conservative base salaries at or near the medians of the
utility and energy comparative group, which are similar, while providing
performance-based variable compensation through the bonus and incentive plans
described below to allow total compensation to fluctuate according to the
Company's financial performance. Long-term incentive awards are stock-based (for
example, stock options, restricted stock awards or performance-based contingent
stock awards) to emphasize long-term stock price appreciation and the
concomitant increased stockholder value. In 2001, total compensation of the
executive officers, including the Chief Executive Officer, was targeted between
the 50th and the 75th percentile of the relevant comparative compensation group.
Total compensation would reach this level only if the Company met the applicable
performance targets under the bonus incentive plans. For those executive
officers with significant responsibilities for certain business units, total
compensation is dependent on the Company's financial performance and on business
unit operating income or on other measures unique to the respective business
unit.
In establishing Mr. Neale's base salary for 2001, the Committee reviewed
information provided by Hewitt regarding the chief executive officer
compensation practices of comparable utility and energy companies. The Committee
determined to set base salary near the median salary of the comparative group,
giving regard to Mr. Neale's proven abilities and strong performance with the
Company since joining it as Executive Vice President and Chief Operating Officer
in 1989. As with the other executive officers, Mr. Neale's total compensation
was targeted to be between the 50th and the 75th percentile of the relevant
comparative compensation group, depending upon the Company's financial
performance. The result of the Committee's determination as to Mr. Neale's total
compensation package was that, as of the time of the grant, approximately 75% of
Mr. Neale's total target compensation was performance-based and at risk,
dependent upon the Company's earnings per share and stock price performance.
26
ITEM 6. OFFICERS AND DIRECTORS (continued)
The Committee determines annual incentive awards for all executive officers in
accordance with the Senior Management Incentive Plan. This Plan sets forth a
formula established at the beginning of each fiscal year by the Committee for
awarding incentive bonuses, based upon the Company's financial performance.
Bonuses awarded to each of the Named Officers (including the Chief Executive
Officer) are based on overall corporate performance. The bonus formula is based
upon attaining targets for the Company's earnings per share. The Incentive Plan
establishes a threshold level of financial performance (below which no bonus is
paid), a target level, and a maximum level (above which no additional bonus is
paid). The range of awards and levels of awards (as a percent of base salary),
if financial performance thresholds are achieved, are as follows:
Range Award if Targets Met
----- --------------------
Chief Executive Officer 40.0% to 120.0% 80.0%
Vice Chairman 35.0% to 105.0% 70.0%
Group Presidents 32.5% to 97.5% 65.0%
Executive and Senior Vice Presidents 20.0% to 97.5% 40.0% to 65.0%
Other Vice Presidents 17.5% to 75.0% 35.0% to 50.0%
In 2001, the Company's actual earnings per share were lower than the threshold.
None of the Named Officers (including Mr. Neale) received a bonus in 2001.
Executive officers are also eligible to receive awards under the Company's
Long-Term Incentive Plan. Under the Long-Term Incentive Plan, stock options,
stock appreciation rights, performance units, restricted stock awards,
contingent stock awards and dividend equivalents may be awarded. The Committee
considers base salaries of the executive officers, prior awards under the
Long-Term Incentive Plan, and the Company's total compensation target in
establishing long-term incentive awards. Options granted to executive officers
are valued using the Black-Scholes option pricing model at the time of grant and
restricted stock awards and contingent stock awards granted to executive
officers are valued using Hewitt's present value pricing model for purposes of
determining the number of options and/or shares to be granted to reach total
target compensation. In 2001, stock options, restricted stock and contingent
stock were awarded to Messrs. Neale, Adik, Mulchay, Yundt and O'Donnell. The
number of options, restricted stock awards and contingent stock awards granted
to the Chief Executive Officer and other executive officers (including Messrs.
Adik, Mulchay, Yundt and O'Donnell) was based on these considerations. The
compensation value of stock options, restricted stock awards and/or contingent
stock awards depends on actual stock price appreciation. In addition, the
contingent stock awards are subject to performance vesting criteria as
established by the Committee. Historically, the restricted stock awards were
also subject to performance vesting criteria as established by the Committee;
however, in order to avoid certain variable accounting issues associated with
the performance objectives, in 2001, the Company offered to exchange restricted
stock awards made in 2000 and 2001 to the Named Officers (including Mr. Neale)
for replacement restricted stock awards without performance objectives. Details
of the exchange are set forth in note (1) to the Long-Term Stock Incentive Plans
Table.
Section 162(m) of the Internal Revenue Code provides that compensation in excess
of $1,000,000 per year paid to the chief executive officer or any of the four
other most highly compensated executive officers employed at year-end, other
than compensation meeting the definition of "performance based compensation,"
will not be deductible by a corporation for federal income tax purposes. The
Committee believes that, except as identified in the preceding paragraph and
except for options granted at less than market value, the Company's long-term
stock-based incentive awards constitute performance-based compensation for
purposes of Section 162(m) of the Internal Revenue Code. In light of its
emphasis on such performance-based compensation, the Committee does not
anticipate that the limits of Section 162(m) will materially affect the
deductibility of compensation paid by the Company in 2001. However, the
Committee will continue to review the deductibility of compensation under
Section 162(m) and related regulations.
27
ITEM 6. OFFICERS AND DIRECTORS (continued)
The Committee believes that its overall executive compensation program has been
successful in providing competitive compensation sufficient to attract and
retain highly qualified executives, while at the same time encouraging increased
performance from the executive officers, which creates additional stockholder
value.
NOMINATING AND COMPENSATION COMMITTEE
March 25, 2002
Steven C. Beering, Chairman
Arthur J. Decio
Robert J. Welsh
COMPENSATION OF EXECUTIVE OFFICERS
SUMMARY. The following table summarizes compensation for services to NiSource
and its corporate predecessor NiSource Inc. (incorporated in Indiana) and their
subsidiaries for the years 2001, 2000 and 1999 awarded to, earned by or paid to
each of the Named Officers.
Annual Compensation Long-Term Compensation
------------------------------------------------ ----------------------
Awards Payouts
------ -------
Securities Long-Term
Other Annual Underlying Incentive All Other
Compensation Options Plan Payouts Compensation
Name and Principal Position Year Salary ($) Bonus ($)(2) ($)(3) /SARS (#) ($)(4) ($)(5)
--------------------------- ---- ---------- ------------ ------ --------- ------ ------
Gary L. Neale 2001 950,000 -- 9,774 160,377 285,000 22,273
Chairman, President and 2000 800,000 1,060,000 9,985 250,000 2,340,665 28,240
Chief Executive Officer 1999 689,583 -- 6,436 50,000 484,313 33,465
Stephen P. Adik 2001 500,000 -- 4,337 56,604 -- 4,796
Vice Chairman 2000 425,000 526,250 15,258 90,000 1,058,738 5,284
1999 343,749 -- 2,980 30,000 -- 5,645
Patrick J. Mulchay (6) 2001 392,821 -- 8,064 34,198 -- 5,883
Group President, 2000 375,000 253,125 3,253 75,000 1,058,738 5,948
Merchant Energy 1999 294,166 104,670 2,800 25,000 -- 7,163
Jeffrey W. Yundt (6) 2001 400,000 -- 194,467 34,198 -- 4,222
Group President, 2000 350,000 218,050 5,545 75,000 1,058,738 3,512
Energy Distribution 1999 294,166 62,130 149,415 25,000 -- 3,776
Michael W. O'Donnell 2001 400,000 -- 2,385,937 (8) 25,472 -- 24,850
Executive Vice President 2000 325,000 273,000 -- -- -- 24,000
and Chief Financial Officer 1999 -- -- -- -- -- -
28
ITEM 6. OFFICERS AND DIRECTORS (continued)
(1) Compensation deferred at the election of the Named Officer is reported
in the category and year in which such compensation was earned.
(2) All bonuses are paid pursuant to the Senior Management Incentive Plan,
except for the bonus paid to Mr. O'Donnell in 2000, which was paid
pursuant to the Columbia Annual Incentive Plan and a portion of the
bonuses to Messrs. Mulchay and Yundt, which are described in note (6).
The incentive plan is designed to supplement a conservative base salary
with incentive bonus payments if targeted financial performance is
attained. No bonuses were paid pursuant to the Senior Management
Incentive Plan in 2001. The amounts shown for Messrs. Neale and Adik in
2000 include bonuses of $500,000 and $250,000, respectively, received
in consideration for their performance and efforts in connection with
the acquisition of Columbia Energy Group.
(3) The 2001 amount shown for Mr. Yundt includes a relocation allowance of
$82,496 and a related tax allowance of $57,321. The 2001 amount for Mr.
O'Donnell includes a relocation allowance of $49,407 and a related tax
allowance of $40,793 as well as other amounts as described in note (8).
The 1999 amount for Mr. Yundt also included a relocation allowance of
$85,305 and a related tax allowance of $60,412.
(4) The payouts shown are based on the value, at date of vesting, of
restricted shares awarded under the Long-Term Incentive Plan which
vested during the years shown. The amounts shown for 2000 include
amounts attributable to the restricted stock awards granted in 1998 for
which performance requirements were waived by the Nominating and
Compensation Committee. Total restricted shares held (assuming 100%
vesting) and aggregate market value at December 31, 2001 (based on the
average of the high and low sale prices of the common stock on that
date as reported on the New York Stock Exchange Composite Transactions
Tape) for the Named Officers were as follows: Mr. Neale, 441,563 shares
valued at $10,310,496; Mr. Adik, 161,581 shares valued at $3,772,916;
Mr. Mulchay 98,966 shares valued at $2,310,856; Mr. Yundt, 97,466
shares valued at $2,275,831 and Mr. O'Donnell, 55,836 shares valued at
$1,303,770. Dividends on the restricted shares are paid to the Named
Officers.
(5) The Chairman, President and Chief Executive Officer, the Vice Chairman,
and certain Group Presidents of the Company have available to them a
supplemental life insurance plan which provides split-dollar coverage
of up to 3.5 times base compensation as of commencement of the plan in
1991 and could provide life insurance coverage after retirement if
there is adequate cash value in the respective policy. "All Other
Compensation" represents Company contributions to the 401(k) Plan and
the dollar value of the benefit to the Named Officers under the
supplemental life insurance plan, as follows: Mr. Neale-$1,155 401(k)
Plan, $17,782 premium value and $3,336 term insurance cost; Mr.
Adik-$1,155 401(k) Plan, $2.350 premium value and $1,291 term insurance
cost; Mr. Mulchay-$1,155 401 (k) Plan, $3,685 premium value and $1,043
term insurance cost, and Mr. Yundt-$1,155 401 (k) Plan, $2,175 premium
value and $892 term insurance cost. The value of the life insurance
premiums paid by the Company in excess of term insurance cost on behalf
of the Named Officers under the supplemental life insurance plan has
been restated for all periods in accordance with the present value
interest-free loan method. The amount shown for 2001 for Mr. O'Donnell
includes $11,050 paid by Columbia Energy Group to its Employee Savings
Plan and $13,800 paid by Columbia Energy Group to its Employee Savings
Restoration Plan.
(6) Mr. Mulchay was President of Northern Indiana Public Service Company
and Mr. Yundt was President of Bay State Gas Company and 50% of their
1999 and 2000 annual incentive compensation was determined based on the
financial performance of the business units for which they were
responsible.
(7) The amounts shown for 2000 for Mr. O'Donnell include 10 months of
compensation paid to Mr. O'Donnell in his capacity as Senior Vice
President and Chief Financial Officer of Columbia Energy Group prior to
the acquisition of Columbia Energy Group by the Company and 2 months of
compensation paid to Mr. O'Donnell in his capacity as Executive Vice
President and Chief Financial Officer of the Company.
(8) The compensation reported represents perquisites and other personal
benefits as discussed in note (3) as well as phantom stock units
granted to Mr. O'Donnell pursuant to an agreement under which the
Company established a phantom stock unit account for his benefit which
consisted initially of 73,020 units in consideration of his acceptance
of employment and 26,533 units in consideration of his willingness to
enter into a non-competition agreement with the Company. A phantom
stock unit is a unit whose value is related to the value of the common
stock of the Company. Mr. O'Donnell is entitled to receive dividend
29
ITEM 6. OFFICERS AND DIRECTORS (continued)
equivalents with respect to the units in either cash or additional
units. Upon termination of employment, Mr. O'Donnell (or his
beneficiary) will be entitled to receive from the Company a cash
distribution in an amount, with respect to each unit credited to his
account, equal to the greater of (i) the price per share of the
Company's common stock at the close of business on the date of
termination, and (ii) 85% of the price per share of the Company's
common stock on November 1, 2000. The 26,533 units credited to Mr.
O'Donnell's account in connection with the non-competition portion of
the agreement, and any dividend equivalents paid thereon, are subject
to forfeiture in the event that Mr. O'Donnell violates the
non-competition provisions of the agreement at any time during the term
of the agreement or for a period of one year following his termination.
The amount shown represents the value of the phantom stock units
granted pursuant to the Phantom Stock Agreement based on the closing
sale price of the common stock on December 31, 2001, as reported in The
Wall Street Journal.
OPTION GRANTS IN 2001. The following table sets forth information concerning the
grants of options to purchase common stock made during 2001 to the Named
Officers. No stock appreciation rights were awarded during 2001.
OPTION/SAR GRANTS IN LAST FISCAL YEAR
INDIVIDUAL GRANTS
Number of Securities Percent of Total Options/ Exercise or Market Price on Grant Date
Underlying Options/ SARS Granted to Employees Base Price Date of Grant Expiration Present Value
Name SARS Granted (#)(1) in Fiscal Year (2) ($/SH)(3) ($/SH)(4) Date ($)(5)
---- ------------------- ------------------ --------- --------- ---- ------
Gary L. Neale 160,377 9.30 25.94 30.19 12/31/2010 1,133,865
Stephen P. Adik 56,604 3.28 25.94 30.19 12/31/2010 400,190
Patrick J. Mulchay 34,198 1.98 25.94 30.19 12/31/2010 241,779
Jeffrey W. Yundt 34,198 1.98 25.94 30.19 12/31/2010 241,779
Michael W. O'Donnell 25,472 1.48 25.94 30.19 12/31/2010 180,087
(1) All options granted in 2001 are fully exercisable commencing one year
from the date of grant. Vesting may be accelerated as a result of
certain events relating to a change in control of the Company. The
exercise price and tax withholding obligation related to exercise may
be paid by delivery of already owned shares of common stock or by
reducing the number of shares of common stock received on exercise,
subject to certain conditions.
(2) Based on an aggregate of 1,725,105 options granted to all employees in
2001.
(3) The options were granted at the average of high and low sale prices of
the common stock on December 1, 2000, as reported on the New York Stock
Exchange Composite Transactions Tape.
(4) Based on the average of high and low sale prices of the common stock on
January 2, 2001, as reported on the New York Stock Exchange Composite
Transactions Tape.
(5) Grant date present value is determined using the Black-Scholes
option-pricing model. The assumptions used in the Black-Scholes option
pricing model for the January 1, 2001 grants (expiring December 31,
2010) were as follows: expected volatility - 20% (estimated stock price
volatility for the term of the grant); risk-free rate of return - 5.9%
(the rate for a ten-year U.S. treasury); risk of forfeiture - 10%;
estimated annual dividend - $1.19; option term - ten years; vesting -
100% one year after date of grant; and an expected option term of 5.4
years. No assumption was made relating to non-transferability. Actual
gains, if any, on option exercises and common shares are dependent on
the future performance of the common stock and overall market
condition. The amounts reflected in this table may not be achieved.
30
ITEM 6. OFFICERS AND DIRECTORS (continued)
OPTION EXERCISES IN 2001. The following table sets forth certain information
concerning the exercise of options or stock appreciation rights during 2001 by
each of the Named Officers and the number and value of unexercised options and
stock appreciation rights at December 31, 2001.
AGGREGATE OPTION EXERCISES IN LAST FISCAL YEAR
AND FISCAL YEAR-END OPTION VALUES
Number of Securities
Underlying Unexercised Value of Unexercised In-the-Money
Shares Acquired Value Options/SARS at Fiscal Year-End (#) Options/SARS at Fiscal Year-End ($)(1)
Name on Exercise (#) Realized ($) Exercisable Unexercisable Exercisable Unexercisable
---- --------------- ------------ ----------- ------------- ----------- -------------
Gary L. Neale -- -- 610,000 160,377 2,391,145 --
Stephen P. Adik 18,000 346,682 244,000 56,604 933,120 --
Patrick J. Mulchay 18,000 349,412 244,000 34,198 887,801 --
Jeffrey W. Yundt 18,000 324,074 244,000 34,198 887,801 --
Michael W. O'Donnell -- -- -- 25,472 -- --
(1) Represents the difference between the option exercise price and $23.35,
the average of high and low sale prices of the common shares on
December 31, 2001, as reported on the New York Stock Exchange Composite
Transactions Tape.
LONG-TERM INCENTIVE PLAN AWARDS IN 2001. The following table sets forth
information concerning the shares of restricted stock and shares of contingent
stock awarded pursuant to the Long-Term Incentive Plan during 2001 to each of
the Named Officers.
LONG-TERM STOCK INCENTIVE PLANS -- AWARDS IN LAST FISCAL YEAR
Number of Performance or Other Estimated Future Payouts Under
Shares, Units or Other Period Until Non-Stock Price-Based Plans
Name Other Rights (#) Maturation or Payout Threshold (#) Target (#) Maximum (#)
---- ---------------- -------------------- ------------- ---------- -----------
Gary L. Neale 171,562 (1) Variable 171,562 171,562 171,562
114,375 (2) 4-5 yrs -- 114,375 228,750
Stephen P. Adik 49,081 (1) Variable 49,081 49,081 49,081
32,271 (2) 4-5 yrs -- 32,271 64,542
Patrick J. Mulchay 26,966 (1) Variable 26,966 26,966 26,966
17,977 (2) 4-5 yrs -- 17,977 35,954
Jeffrey W. Yundt 29,966 (1) Variable 29,966 29,966 29,966
19,977 (2) 4-5 yrs -- 19,977 39,954
Michael W. O'Donnell 55,836 (1) Variable 55,836 55,836 55,836
37,224 (2) 4-5 yrs -- 37,224 74,448
31
ITEM 6. OFFICERS AND DIRECTORS (continued)
(1) On December 31, 2001, Messrs. Neale, Adik, Mulchay, Yundt and O'Donnell
exchanged restricted stock awards made in 2000 and 2001 for replacement
restricted stock awards. The original 2000 and 2001 awards were
scheduled to vest on December 31, 2002 at percentages varying from 0%
to 200% related to specific financial performance objectives, including
earnings per share targets, stock price targets and total shareholder
return. Based on performance up to the time of the exchange, Messrs.
Neale, Adik, Mulchay, Yundt and O'Donnell would have been eligible to
receive approximately 160% of the restricted stock awards made in 2000
and 2001. The award holders exchanged the original awards for
replacement awards equal to 150% of the shares subject to the original
awards. The replacement awards will be subject to a holding period
which will require that any shares representing the replacement awards
shall not be disposed of until December 31, 2004, except in the case of
death, disability, termination without cause, change of control or
retirement, in which case the shares are not subject to the holding
period. The terms of the awards issued in exchange for the 2001 awards
are shown in the table above. The numbers of restricted shares issued
in exchange for the 2000 awards are as follows: Mr. Neale, 270,000; Mr.
Adik, 112,500; Mr. Mulchay, 72,000; and Mr. Yundt, 67,500. The awards
for Mr. Neale will vest only following the end of the year of death,
disability, termination without cause, change of control or retirement.
In the case of each of the other Named Officers, the awards will vest,
commencing in 2003, only to the extent that the value of shares vested
in any calendar year, when added to other non-performance based
compensation for that year, does not exceed $999,999; in addition,
awards will vest following the end of the year of death, disability,
termination without cause, change of control or retirement.
(2) Represents contingent stock awards granted to each Named Officer in
2001. The restrictions on 50% of the contingent stock awarded during
2001 lapse on December 31, 2004. The restrictions on the remaining 50%
lapse on December 31, 2005. The vesting of the contingent stock varies
from 0% to 200% of the number awarded, based upon meeting certain
specific financial performance objectives, including earnings per share
targets, stock price targets and total shareholder return. There is a
one-year holding period after the restrictions lapse for the first 50%
of the shares of contingent stock awarded. The remaining shares of
contingent stock awarded are not subject to a holding period.
32
ITEM 6. OFFICERS AND DIRECTORS (continued)
PENSION PLAN AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
The following table shows estimated annual benefits, giving effect to the
Company's Pension Plan and Supplemental Executive Retirement Plan, payable upon
retirement to persons in the specified remuneration and years-of-service
classifications.
LONG-TERM STOCK INCENTIVE PLANS -- AWARDS IN LAST FISCAL YEAR
Years of Service
----------------
Remuneration
15 20 25 30 35
------- ------- ------- ------- ------- -------
300,000 121,200 161,000 169,100 176,600 176,600
400,000 166,200 221,600 231,600 241,600 241,600
500,000 211,200 281,600 294,100 306,600 306,600
600,000 256,200 341,600 256,600 371,600 371,600
700,000 301,200 401,600 419,100 436,600 436,600
800,000 346,200 461,600 481,600 501,600 501,600
900,000 391,200 521,600 544,100 566,600 566,600
1,000,000 436,200 581,600 606,600 631,600 631,600
1,100,000 481,200 641,600 669,100 696,600 696,600
1,200,000 526,200 701,600 731,600 761,600 761,600
1,300,000 571,200 761,600 794,100 826,600 826,600
1,400,000 616,200 821,600 856,660 891,600 891,600
1,500,000 661,200 881,600 919,100 956,600 956,600
1,600,000 706,200 941,600 981,600 1,021,600 1,021,600
1,700,000 751,200 1,001,600 1,044,100 1,086,600 1,086,600
1,800,000 796,200 1,061,600 1,106,600 1,151,600 1,151,600
1,900,000 841,200 1,121,600 1,169,100 1,216,600 1,216,600
2,000,000 886,200 1,181,600 1,231,600 1,281,600 1,281,600
The credited years of service for each of the Named Officers (other than Michael
W. O'Donnell), pursuant to the Pension Plan and Supplemental Executive
Retirement Plan, are as follows: Gary L. Neale -- 27 years; Stephen P. Adik --
23 years; Patrick J. Mulchay -- 39 years; and Jeffrey W. Yundt -- 22 years.
Upon their retirement, regular employees and officers of the Company and its
subsidiaries which adopt the plan (including directors who are also full-time
officers) will be entitled to a monthly pension in accordance with the
provisions of the Company's pension plan, originally effective as of January 1,
1945. The directors who are not and have not been officers of the Company are
not included in the pension plan. The pensions are payable out of a trust fund
established under the pension plan with The Northern Trust Company, trustee. The
trust fund consists of contributions made by the Company and the earnings of the
fund. Over a period of years the contributions are intended to result in overall
actuarial solvency of the trust fund. The pension plan of the Company has been
determined by the Internal Revenue Service to be qualified under Section 401 of
the Internal Revenue Code.
33
ITEM 6. OFFICERS AND DIRECTORS (continued)
Pension benefits are determined separately for each participant. The formula for
a monthly payment for retirement at age 65 is 1.7% of average monthly
compensation multiplied by years of service (to a maximum of 30 years) plus 0.6%
of average monthly compensation multiplied by years of service over 30. Average
monthly compensation is the average for the 60 consecutive highest-paid months
in the employee's last 120 months of service. Covered compensation is defined as
wages reported as W-2 earnings (up to a limit set forth in the Internal Revenue
Code and adjusted periodically) plus any salary reduction contributions made
under the Company's 401(k) plan, minus any portion of a bonus in excess of 50%
of base pay and any amounts paid for unused vacation time and vacation days
carried forward from prior years. The benefits listed in the Pension Plan table
are not subject to any deduction for Social Security or other offset amounts.
The Company also has a Supplemental Executive Retirement Plan for officers.
Participants in the supplemental plan are selected by the board of directors.
Benefits from this plan are to be paid from the general assets of the Company.
The Supplemental Executive Retirement Plan provides a retirement benefit at age
65 of the greater of (i) 60% of five-year average pay (prorated for less than 20
years of service) and an additional 0.5% of 5-year average pay less Primary
Social Security Benefits per year for participants with between 20 and 30 years
of service, or (ii) the benefit formula under the Company's Pension Plan. In
either case, the benefit is reduced by the actual pension payable from the
Company's Pension Plan. In addition, the Supplemental Executive Retirement Plan
provides certain early retirement and disability benefits and pre-retirement
death benefits for the spouse of a participant.
Michael W. O'Donnell continues to participate in the Retirement Plan of Columbia
Energy Group, a subsidiary of the Company. Mr. O'Donnell has 30 credited years
of service under this plan. The formula for a retiree's monthly retirement
benefit at age 65 under the Retirement Plan of Columbia Energy Group is (i)
1.15% of the retiree's final average compensation that does not exceed half of
the average Social Security wage base times years of service up to 30, plus (ii)
1.5% of the retiree's final average compensation in excess of half of the
average Social Security wage base times years of service up to 30, plus (iii)
..5% of the retiree's final average compensation times years of service between
30 and 40.
CHANGE IN CONTROL AND TERMINATION AGREEMENTS
The Company has entered into Change in Control and Termination Agreements with
Mr. Neale and the other Named Officers. The Company believes that these
agreements are in the best interests of the stockholders, to insure that in the
event of extraordinary events, totally independent judgment is enhanced to
maximize stockholder value. The agreements can be terminated on three years'
notice and provide for the payment of specified benefits if the executive
terminates employment for good reason or is terminated by the Company for any
reason other than good cause within 24 months following certain changes in
control. Each of these agreements also provides for payment of these benefits if
the executive voluntarily terminates employment for any reason during a
specified one-month period within 24 months following a change in control or, in
the case of Messrs. Neale and Adik, at any time during this 24 month period. No
amounts will be payable under the agreements if the executive's employment is
terminated by the Company for good cause (as defined in the agreements).
The agreements provide for the payment of three times the executive's current
annual base salary and target incentive bonus compensation. The executive will
also receive a pro rata portion of the executive's targeted incentive bonus for
the year of termination. The executive would also receive benefits from the
Company that would otherwise be earned during the three-year period following
the executive's termination under the Company's Supplemental Executive
Retirement Plan and qualified retirement plans. All stock options held by the
executive would become immediately exercisable upon the date of termination of
employment, and the restrictions would lapse on all restricted shares awarded to
the executive. The Company will increase the payment made to the executive as
necessary to compensate the executive on an after-tax basis for any parachute
penalty tax imposed on the payment of amounts under the contracts.
During the three-year period following the executive's termination, the
executive and his or her spouse or other dependents will continue to be covered
by applicable health or welfare plans of the Company. If the executive dies
during the three-year period following the executive's termination, all amounts
payable to the executive will be paid to a named beneficiary.
34
ITEM 6. OFFICERS AND DIRECTORS (continued)
The agreement with Mr. Neale provides for the same severance payments as
described above in the event his employment is terminated at any time by the
Company (other than for good cause) or due to death or disability, or if he
voluntarily terminates employment with good reason (as defined in the
agreement), even in the absence of a change in control.
COMPENSATION OF THE COMPANY'S DIRECTORS
The Company pays each director who is not receiving a salary from the Company
$30,000 per year, $3,000 annually per standing committee on which the director
sits, $1,000 annually for each committee chairmanship, $1,200 for each board
meeting attended and $750 per committee meeting attended. Under a deferred
compensation arrangement, directors may elect to have their fees deferred in the
current year and credited to an interest-bearing account or to a phantom stock
account for payment in the future.
The Company's Nonemployee Director Retirement Plan provides a retirement benefit
for each nonemployee director currently serving on the board who has completed
at least five years of service on the board. The benefit under the plan is an
annual amount equal to the annual retainer for board service in effect at the
time of the director's retirement from the board and will be paid for ten years,
or the number of years of service the individual served as a nonemployee
director of the Company, whichever is less. Directors first elected after 2001
will not participate in the retirement plan, but instead will receive, on the
date of each election or re-election, restricted shares of common stock and
restricted stock unit grants with a value equivalent to the retirement benefit
earned by the directors serving prior to 2001.
The Company's Nonemployee Director Stock Incentive Plan provides for a grant of
2,600 (previously 2,000) restricted shares of common stock to each nonemployee
director of the Company upon his or her election or re-election as a director of
the Company. The grants of restricted common stock vest in 20% annual
increments, with all of a director's stock vesting five years after the date of
award. In 2001, Drs. Beering and Woo and Mr. Foster each received a grant of
2,000 restricted shares of common stock under this plan. The board may designate
that a scheduled award will consist of nonqualified stock options rather than
restricted stock; if so, then, in lieu of restricted shares, each nonemployee
director shall be granted a nonqualified option to purchase 6,000 shares of
common stock. Grants of nonqualified stock options vest in 20% annual increments
and become fully vested on the fifth anniversary of the date of the grant.
The Company's Nonemployee Director Restricted Stock Unit Plan is a phantom stock
plan that provides for grants to nonemployee directors of restricted stock units
that have a value related to the Company's common stock. Each nonemployee
director received an initial grant of 500 units in April 1999. Beginning in
2002, grants of 600 units will be made to nonemployee directors upon election or
re-election to the Board. The grants of units vest in 20% annual increments,
with all of a director's units vesting five years after the date of award.
Additional units are credited to each nonemployee director with respect to the
units included in his or her account from time to time to reflect dividends paid
to stockholders of the Company with respect to common stock. The units have no
voting or other stock ownership rights and are payable in cash. In 2001, Drs.
Beering and Woo and Mr. Foster each received a grant of 500 units.
The Company has adopted a Directors' Charitable Gift Program for nonemployee
directors. Under the program, the Company makes a donation to one or more
eligible tax-exempt organizations as designated by each eligible director. The
Company contributes up to an aggregate of $125,000 for each nonemployee director
who has served as a director of the Company for at least five years and up to an
additional $125,000 (for an overall $250,000) for each nonemployee director who
has served ten years or more. Organizations eligible to receive a gift under the
program include charitable organizations and accredited United States
institutions of higher learning. Individual directors derive no financial
benefit from the program, as all deductions relating to the charitable donations
accrue solely to the Company. A director's private foundation is not eligible to
receive donations under the program. All current nonemployee directors are
eligible to participate in the program.
35
ITEM 6. OFFICERS AND DIRECTORS (continued)
PART III(b). SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND
MANAGEMENT.
The following table contains information about those persons or groups, which
are known to the Company to be the beneficial owners of more than five percent
of the outstanding common stock.
Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percent of Class Outstanding
------------------------------------ ----------------------------------------- ----------------------------
CAPITAL RESEARCH AND MANAGEMENT COMPANY 16,074,880 7.8 (1)
333 South Hope Street, 55th Floor
Los Angeles, California 90071
PUTNAM INVESTMENT MANAGEMENT, LLC 11,568,237 5.5 (2)
The Putnam Advisory Company, LLC
One Post Office Square
Boston, Massachusetts 02109
(1) As reported on statements made on Schedule 13G filed with the
Securities and Exchange Commission on February 11, 2002 on behalf of
Capital Research & Management Company. According to the report, the
amount shown includes 67,530 shares resulting form the assumed
conversion of 428,490 shares of convertible preferred securities, due
November 1, 2004; and includes 523,350 shares resulting from the
assumed conversion of 325,000 shares of the Convertible Preferred PIES,
due February 19, 2003.
(2) As reported on statements made on Schedule 13G filed with the
Securities and Exchange Commission on February 15, 2002 on behalf of
Marsh & McLennan Companies, Inc., Putnam Investments, LLC., Putnam
Investment Management, LLC. and The Putnam Advisory Company, LLC. as a
group. According to the report, the amount shown represents shares
beneficially owned by Putnam Investment Management, LLC (10,311,017)
and The Putnam Advisory Company, LLC. (1,257,220).
36
ITEM 6. OFFICERS AND DIRECTORS (continued)
The following table contains information about the beneficial ownership of the
Company's common stock as of March 1, 2002, for each of the directors, nominees
and named executive officers, and for all directors and executive officers as a
group.
Amount and Nature of
Name of Beneficial Owner Beneficial Ownership (1)(2)
------------------------ ---------------------------
Stephen P. Adik 555,312
Steven C. Beering 10,030
Arthur J. Decio 10,500
Dennis E. Foster 9,305
Gary L. Neale 1,349,118
Ian M. Rolland (3) 24,177
John W. Thompson 12,708
Robert J. Welsh 14,000
Carolyn Y. Woo 4,000
Roger A. Young 72,745
Patrick J. Mulchay 409,690
Michael W. O'Donnell 87,008
Jeffrey W. Yundt 421,909
All directors and executive officers as a group 3,427,120
(1) The number of shares owned includes shares held in the Company's
Automatic Dividend Reinvestment and Share Purchase Plan, shares held in
the Company's Tax Deferred Savings Plans (the "401(k)"), Employee Stock
Purchase Plan and restricted shares awarded under the Company's 1988
and 1994 Long-Term Incentive Plans (the "Incentive Plans") and
Nonemployee Director Stock Incentive Plan, where applicable. The
percentage of common stock owned by all directors and executive
officers as a group is approximately 1.65 percent of the common stock
outstanding as of March 1, 2002.
(2) The totals include shares for which the following executive officers
have a right to acquire beneficial ownership, within 60 days after
March 1, 2002, by exercising stock options granted under the Incentive
Plan: Stephen P. Adik - 300,604 shares; Gary L. Neale - 770,377 shares;
Roger A. Young - 43,242 shares; Patrick J. Mulchay - 258,198 shares;
Michael W. O'Donnell - 25,472 shares; Jeffrey W. Yundt - 258,198
shares; and all executive officers as a group - 1,867,986 shares.
(3) The number of shares owned by Mr. Rolland includes 9,277 shares owned
by the Ian and Miriam Rolland Foundation over which Mr. Rolland
maintains investment control, but for which Mr. Rolland disclaims
beneficial ownership.
37
ITEM 6. OFFICERS AND DIRECTORS (continued)
PART III(c). CONTRACTS AND TRANSACTIONS.
In 2001, the Company's subsidiary NiSource Development Company, Inc. purchased
approximately three acres of land and an approximately 16,030 square foot office
building located in Merrillville, Indiana adjacent to the Company's corporate
headquarters from Keystone Investment Company, an Indiana general partnership
owned by the adult children of Robert J. Welsh, a director of the Company, for
$2,000,000. The purchase price was based on appraisals performed by independent
third-party commercial real estate appraisers. The transaction was part of a
series of transactions resulting in the sale of substantially all of the assets
of Welsh, Inc., the company of which Mr. Welsh was Chairman and Chief Executive
Officer
PART III(d). INDEBTEDNESS.
None.
PART III(e). PARTICIPATION IN BONUS AND PROFIT SHARING ARRANGEMENT.
See Item 6 Part III(a) above.
PART III(f). DIRECTORS AND OFFICERS RIGHTS TO INDEMNITY.
Provisions for indemnification of directors and officers are included in the
Certificate of Incorporation or By-Laws in accordance with applicable laws.
38
ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS
PART I. EXPENDITURES FOR ANY POLITICAL PARTY, CANDIDATE FOR PUBLIC OFFICE OR
HOLDER OF SUCH OFFICE, OR ANY COMMITTEE OR AGENT THEREFOR.
Name of
Company Recipient of Beneficiary Purpose Accounts Charged Amount ($)
------- ------------------------ ------- ---------------- ----------
CKY Employee Political Action Fund Legal, accounting and solicitation General and Administrative 208,519
CMD services rendered by employees
COH for Employees Political Action Fund
CPA registered with the Federal Election
CVA Committee
NIP
TCO
39
ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS (continued)
PART II. EXPENDITURES FOR ANY CITIZENS GROUP OR PUBLIC RELATIONS COUNSEL.
Calender Year 2001
Name of Company and Name or
Number of Recipients or Beneficiaries Purpose Accounts Charged Amount ($)
------------------------------------- ------- ---------------- ----------
BSG
9 Various Chambers of Commerce Economic Development General & Administrative 23,060
CGT
Galleria Chamber of Commerce Economic Development General & Administrative 2,500
CGV
24 Various Chambers of Commerce Economic Development General & Administrative 23,051
CKY
Chamber of Commerce Economic Development General & Administrative 2,500
CMD
5 Various Chambers of Commerce Economic Development General & Administrative 1,532
COH
63 Various Chambers of Commerce Economic Development General & Administrative 34,590
Ohio Chamber of Commerce Economic Development General & Administrative 1,302
Better Business Bureau Economic Development General & Administrative 1,850
CPA
26 Various Chambers of Commerce Economic Development General & Administrative 9,017
York Chamber of Commerce Economic Development General & Administrative 12,200
Business Organization Economic Development General & Administrative 8,000
Pittsburgh Regional Alliance Economic Development General & Administrative 6,000
Pennsylvania Chamber of Commerce Economic Development General & Administrative 7,500
NIP
40 Various Chambers of Commerce Economic Development General & Administrative 74,962
Better Business Bureau of Northwest Indiana Economic Development General & Administrative 924
Northwest Indiana Regional Development Economic Development General & Administrative 12,000
Indiana Northeast Development Economic Development General & Administrative 12,000
TCO
5 Various Chambers of Commerce Information and Education General & Administrative 13,016
40
ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS
PART I. INTERCOMPANY CONTRACTS.
For the year ended December 31, 2001:
Serving Receiving In Effect on Dec. 31
Transaction Company Company Compensation ($) Date of Contract (Yes or No)
----------- ------- ------- ---------------- ---------------- -----------
Management & Business Services BSG NU 3,862,542 1979 YES
Management & Business Services BSG GSGT 317,513 1979 YES
Operations & Maintenance Services BSG EUII 74,340 12/05/00 YES
Management Fee BSG GSGT 317,513 N/A YES
Office Space Lease - Gary Airport CARD NIP 65,792 05/08/97 YES
Fixed Fee Billings for O&M Agreements CGT TCO 40,536 07/86 & 10/91 YES
Land Lease for Radio Towers CGT CMC 2,264 10/14/96 YES
Office Space Lease CMC TCO 108,620 10/14/96 YES
Office Space Lease CMC CGT 32,583 10/14/96 YES
Bill Insert Services COH CSP 27,761 01/01/99 YES
Office Space Lease NDEV NIP 7,025,061 04/01/90 YES
St. Clairsville Pipeline Lease NESI COH 364,980 04/97 YES
Office Space Lease - Merrillville, IN NIP NCS 4,073,376 N/A N/A
Office Space Lease - Hammond, IN NIP TPC 37,866 N/A N/A
Substation Services NIP PEI 166,974 N/A N/A
Construction Services NIP PEI 914,209 N/A N/A
Aircraft Support Personnel NIP NCS 675,960 N/A N/A
Helicopter Usage Time Billed NIP NCS 179,311 N/A N/A
Maintenance Services on Pipeline NITCO CROSS 625,276 N/A Yes
Power Marketing Intense Computer System Fees NPM NIP 329,683 N/A N/A
Sale of Pipeline Points of Delivery TCO CGV 64,408 08/01/01 YES
Lease of Operating Center Building in
Lexington, VA TCO CVA 108,216 11/11/96 YES
Land Lease for Radio Towers TCO CMC 12,167 10/14/96 YES
Office Space Lease - Washington DC Building TCO NCS 26,393 09/01/01 YES
Administrative Services TCO CGT 2,921,280 01/01/01 YES
Construction of Wheeler Interconnect TCO CROSS 222,037 N/A YES
Various Services During Installation of
Fiber Optic Network TCO CTC 623,709 N/A NO
Access to TCO's Network for Telemetry
Information TCO VARIOUS 92,880 N/A YES
Chart Processing TCO CNR 243,000 01/01/01 YES
Sale of Capacity TCO CVA 110,880 11/01/99 YES
Install EM/SCADA at Various Stations TCO CROSS 76,719 N/A YES
Software for IHRI TCO CGT 33,677 N/A YES
Sale of Gathering Line TCO CNR 293,836 01/01/01 NO
Lease of Operating Center Building in
Gainesville, VA TCO CVA 364,286 11/11/96 YES
Fixed Fee Billings for One Call TCO CTC 14,000 07/01/01 YES
41
ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS (continued)
PART II. SYSTEM CONTRACTS TO PURCHASE GOODS OR SERVICES FROM ANY AFFILIATE
(OTHER THAN A SYSTEM COMPANY) OR A COMPANY IN WHICH ANY OFFICER OR
DIRECTOR IS A PARTNER OR OWN 5% OR MORE OF ANY CLASS OF EQUITY
SECURITIES.
None.
PART III. SYSTEM CONTRACTS WITH OTHERS ON A CONTINUING BASIS FOR MANAGEMENT,
SUPERVISORY, OR FINANCIAL ADVISORY REVIEW.
None.
ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES
PART I. BUSINESS, CAPITAL, DEBT TO EQUITY RATIO AND SERVICE CONTRACTS.
(a) Company, location and business address.
Bay State GPE, Inc. (BSGPE)
BSGPE, a Massachusetts corporation, at 300 Friberg Parkway,
Westborough, Massachusetts is an EWG. It owns a turbo expander in
Agawam, Massachusetts that generates electricity from a turbine engine
as gas pressure is reduced when transferred from high pressure
interstate pipelines to lower pressure local distribution pipes. BSGPE
is a wholly owned subsidiary of Bay State Gas.
Whiting Clean Energy, Inc. (WCE)
WCE, a wholly owned subsidiary of Primary Energy, Inc., is an EWG.
WCE's business address is 801 E. 86th Avenue, Merrillville, Indiana.
WCE leases a combined-cycle cogeneration facility located at BP's
Whiting, Indiana refinery consisting of two gas-fired combustion
turbines (each with a generating capacity of 166 megawatts) and a 213
megawatt steam turbine generator. WCE is responsible for the operation
and maintenance of the facility.
(b) Type and amount of capital invested.
When BSGPE was incorporated, Bay State Gas acquired all of the issued
and outstanding shares of BSGPE's common stock for $1,000. Bay State
also transferred ownership of the turbo expander and related facilities
to BSGPE at its net book value. Neither Bay State Gas, nor NiSource,
Inc. has made any financial guarantee to any party for BSGPE.
Primary Energy, Inc.'s investment in WCE consists mainly of its
guarantee of WCE's performance under the lease through its parent
NiSource Inc. The lease was initiated in the first quarter of 2002. The
unamortized value of the project amounts to approximately $320 million.
(c) Ratio of debt to common equity and earnings of the company for the year
ended December 31, 2001.
As of December 31, 2001, BSGPE had no debt outstanding and for the
calendar year 2001, the turbo expander did not operate and did not
generate revenue. BSGPE had a net loss of $29,000 for 2001.
42
WCE had $15.9 million in notes payable outstanding at December 31, 2001
to NiSource Finance Corp. The debt to equity ratio for WCE at December
31, 2001 is not meaningful since the company's equity capitalization is
effectively zero. For 2001, WCE had no net earnings or net loss.
(d) Service, sales or construction contracts with system companies.
Bay State Gas and BSGPE have entered into a maintenance and service
agreement for performance of the operation, maintenance and accounting
needs of BSGPE by Bay State Gas personnel.
WCE has no service sales or construction contracts with system
companies.
PART II. ORGANIZATION CHART.
BSGPE is a wholly owned subsidiary of Bay State Gas Company. WCE is a wholly
owned subsidiary of Primary Energy, Inc. Bay State Gas Company and Primary
Energy, Inc. are wholly owned subsidiaries of NiSource, Inc. See Exhibit G for
an organization chart showing BSGPE and WCE in relation to the other NiSource,
Inc. system companies.
PART III. AGGREGATE INVESTMENT IN EWG'S AND FOREIGN UTILITY COMPANIES.
NiSource, Inc.'s aggregate investment in BSGPE is approximately $0.2 million and
its investment in WCE, as discussed in Part I(b), is approximately $320 million.
The ratio of NiSource, Inc.'s aggregate investment in BSGPE and WCE to its
aggregate investment in its domestic public-utility subsidiary companies is
0.012% based on the current book values of the utility subsidiaries.
43
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS
Item 10. is hereby amended and restated in its entirety:
TABLE OF CONTENTS
CONSOLIDATED
CONSOLIDATED STATEMENT CONSOLIDATED
CONSOLIDATED STATEMENT OF COMMON STATEMENT OF
NAME OF COMPANY (COMPANY ABBREVIATION) BALANCE SHEET OF INCOME STOCK EQUITY CASH FLOWS
-------------------------------------- ------------- --------- ------------ ----------
NISOURCE INC. (NI) F-1 F-2 F-3 F-4
Bay State Gas Company (BSG) F-1, F-1A F-2, F-2A F-3, F-3A F-4A
Subsidiaries:
Bay State GPE, Inc. (BSGPE) F-1A F-2A F-3A F-4A
Northern Utilities, Inc. (NU) F-1A F-2A F-3A F-4A
Columbia Energy Group (CG) F-1, F-1B F-2, F-2B F-3, F-3B F-4, F-4B
Subsidiaries:
Columbia Atlantic Trading Corporation (CAT) F-1B F-2B F-3B F-4B
Columbia Energy Group Capital Corporation (CCC) F-1B, F-1C F-2B, F-2C F-3B, F-3C F-4B, F-4C
Subsidiary:
TriStar Gas Technologies, Inc. (TGT) * F-1C F-2C F-3C F-4C
Columbia Energy Resources, Inc. (CER) F-1B, F-1D F-2B, F-2D F-3B, F-3D F-4B, F-4D
Subsidiaries:
Alamco-Delaware, Inc. (AD) F-1D F-2D F-3D F-4D
Columbia Natural Resources, Inc. (CNR) F-1D F-2D F-3D F-4D
Columbia Natural Resources Canada, Ltd. (CNRCL) F-1D F-2D F-3D F-4D
Hawg Hauling & Disposal, Inc. (HH) F-1D F-2D F-3D F-4D
Columbia Energy Services Corporation (CES) F-1B F-2B F-3B F-4B
Columbia Finance Corporation (CFC) F-1B, F-1E F-2B, F-2E F-3B, F-3E F-4B, F-4E
Subsidiary:
Columbia Accounts Receivable Corporation (CAR) F-1E F-2E F-3E F-4E
Columbia Gas of Kentucky, Inc. (CKY) F-1B F-2B F-3B F-4B
Columbia Gas of Maryland, Inc. (CMD) F-1B F-2B F-3B F-4B
Columbia Gas of Ohio, Inc. (COH) F-1B F-2B F-3B F-4B
Columbia Gas of Pennsylvania, Inc. (CPA) F-1B F-2B F-3B F-4B
Columbia Gas of Virginia, Inc. (CGV) F-1B F-2B F-3B F-4B
Columbia Gas Transmission Corporation (TCO) F-1B F-2B F-3B F-4B
Columbia Gulf Transmission Company (CGT) F-1B F-2B F-3B F-4B
Columbia Insurance Corporation, Ltd. (CICL) F-1B F-2B F-3B F-4B
Columbia LNG Corporation (CLNG) F-1B F-2B F-3B F-4B
Columbia Network Services Corporation (CNS) F-1B, F-1F F-2B, F-2F F-3B, F-3F F-4B, F-4F
Subsidiary:
CNS Microwave, Inc. (CMC) F-1F F-2F F-3F F-4F
44
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
TABLE OF CONTENTS (CONTINUED)
CONSOLIDATED
CONSOLIDATED STATEMENT CONSOLIDATED
CONSOLIDATED STATEMENT OF COMMON STATEMENT OF
NAME OF COMPANY (COMPANY ABBREVIATION) BALANCE SHEET OF INCOME STOCK EQUITY CASH FLOWS
-------------------------------------- ------------- --------- ------------ ----------
Columbia Pipeline Corporation (CPL) F-1B, F-1G F-2B, F-2G F-3B, F-3G F-4B, F-4G
Subsidiary:
Columbia Deep Water Services Company (CDW) F-1G F-2G F-3G F-4G
Columbia Remainder Corporation (CRC) F-1B F-2B F-3B F-4B
Columbia Service Partners, Inc. (CSP) F-1B, F-1H F-2B, F-2H F-3B, F-3H F-4B, F-4H
Subsidiaries:
Columbia Assurance Agency, Inc. (CAA) F-1H F-2H F-3H F-4H
Columbia Transmission Communications Corporation (CTC) F-1B F-2B F-3B F-4B
EnergyUSA, Inc. (IN) (EUII) F-1, F-1I F-2, F-2I F-3, F-3I F-4, F-4I
Subsidiaries:
EnergyUSA, Inc. (MA) (EUIM) F-1I, F-1J F-2I, F-2J F-3I, F-3J F-4I, F-4J
Subsidiaries:
EnergySPE, Inc. (ESPE) F-1J F-2J F-3J F-4J
EnergyUSA (Connecticut), Inc. (EUIC) F-1J, F-1K F-2J, F-2K F-3J, F-3K F-4J, F-4K
Subsidiaries:
Brayer Energy Solutions, Inc. (BES) * F-1K F-2K F-3K F-4K
EnergyUSA Engineering, Inc. (EUE) F-1K F-2K F-3K F-4K
EnergyUSA Mechanical, Inc. (EUM) F-1K F-2K F-3K F-4K
EnergyUSA-TPC Corp. (TPC) F-1I, F-1L F-2I, F-2L F-3I, F-3L F-4I, F-4L
Subsidiary:
EnergyUSA Appalachian Corp. (EUA) F-1L F-2L F-3L F-4L
NESI Energy Marketing L.L.C. (NEML) F-1I F-2I F-3I F-4I
NI Energy Services Transportation, Inc. (NEST) F-1I F-2I F-3I F-4I
MS-1 Distribution & Storage Corporation (MS1) * F-1I F-2I F-3I F-4I
NI Fuel Company, Inc. (NIFC) F-1I F-2I F-3I F-4I
NI-TEX, Inc. (NITEX) F-1I F-2I F-3I F-4I
NI-TEX Gas Services Inc. (NGS) F-1I F-2I F-3I F-4I
EnergyUSA Commercial Energy Services, Inc. (EUC) F-1I F-2I F-3I F-4I
EnergyUSA Retail, Inc. (EUR) F-1I F-2I F-3I F-4I
Kokomo Gas and Fuel Company (KOKO) F-1, F-1M F-2, F-2M F-3, F-3M F-4, F-4M
NI Energy Services, Inc. (NESI) F-1, F-1N F-2, F-2N F-3, F-3N F-4, F-4N
Subsidiaries:
Crossroads Pipeline Company (CROSS) F-1N F-2N F-3N F-4N
Green Fuels, Inc. (GREEN) * F-1N F-2N F-3N F-4N
NESI Power Marketing, Inc. (NPM) F-1N F-2N F-3N F-4N
NiSource Energy Services Canada, Ltd. (NESCL) * F-1N F-2N F-3N F-4N
45
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
TABLE OF CONTENTS (CONTINUED)
CONSOLIDATED
CONSOLIDATED STATEMENT CONSOLIDATED
CONSOLIDATED STATEMENT OF COMMON STATEMENT OF
NAME OF COMPANY (COMPANY ABBREVIATION) BALANCE SHEET OF INCOME STOCK EQUITY CASH FLOWS
-------------------------------------- ------------- --------- ------------ ----------
NiSource Capital Markets, Inc. (NCM) F-1 F-2 F-3 F-4
NiSource Capital Trust I (NCT) F-1 F-2 F-3 F-4
NiSource Corporate Services Company (NCS) F-1 F-2 F-3 F-4
NiSource Development Company, Inc. (NDEV) F-1, F-1O F-2, F-2O F-3, F-3O F-4, F-4O
Subsidiaries:
Analytic Sytems Laboratories, Inc. (ASL) * F-1O F-2O F-3O F-4O
Cardinal Property Management, Inc. (CARD) F-1O F-2O F-3O F-4O
Customer Information Services, Inc. (CIS) F-1O F-2O F-3O F-4O
JOF Transportation Company (JOF) F-1O F-2O F-3O F-4O
KOGAF Enterprises, Inc. (KOGF) F-1O F-2O F-3O F-4O
Lake Erie Land Company (LEL) F-1O, F-1P F-2O, F-2P F-3O, F-3P F-4O, F-4P
Subsidiary:
SCC Services, Inc. (SCC) F-1P F-2P F-3P F-4P
NDC Douglas Properties, Inc. (NDC) F-1O F-2O F-3O F-4O
Progeni, Inc. (PRO) * F-1O F-2O F-3O F-4O
Protonics Research, Inc. (PRI) * F-1O F-2O F-3O F-4O
South Works Power Company (SWP) * F-1O F-2O F-3O F-4O
NiSource Energy Technologies, Inc. (NET) F-1 F-2 F-3 F-4
NiSource Finance Corp. (NFC) F-1 F-2 F-3 F-4
NiSource Pipeline Group, Inc. (NPG) F-1, F-1Q F-2, F-2Q F-3, F-3Q F-4, F-4Q
Subsidiaries:
Granite State Gas Transmission, Inc. (GSGT) F-1Q, F-1R F-2Q, F-2R F-3Q, F-3R F-4Q, F-4R
Subsidiaries:
Bay State Energy Enterprises, Inc. (BSEE) F-1R F-2R F-3R F-4R
Natural Gas Development, Inc. (NGD) F-1R F-2R F-3R F-4R
PNTGS Holding Corp. (PNTGS) F-1Q F-2Q F-3Q F-4Q
Northern Indiana Fuel and Light Company, Inc. (NIFL) F-1, F-1S F-2, F-2S F-3, F-3S F-4, F-4S
Subsidiary:
Northern Indiana Trading Company, Inc. (NITC) F-1S F-2S F-3S F-4S
Northern Indiana Public Service Company (NIP) F-1, F-1T F-2, F-2T F-3, F-3T F-4, F-4T
Subsidiary:
NIPSCO Exploration Company, Inc. (NEXCO) F-1T F-2T F-3T F-4T
46
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
CONSOLIDATED
CONSOLIDATED STATEMENT CONSOLIDATED
CONSOLIDATED STATEMENT OF COMMON STATEMENT OF
NAME OF COMPANY (COMPANY ABBREVIATION) BALANCE SHEET OF INCOME STOCK EQUITY CASH FLOWS
-------------------------------------- ------------- --------- ------------ ----------
Primary Energy, Inc. (PEI) F-1, F-1U F-2, F-2U F-3, F-3U F-4, F-4U
Subsidiaries:
Cokenergy, Inc. (CEI) F-1U F-2U F-3U F-4U
Harbor Coal Company (HCC) F-1U F-2U F-3U F-4U
Ironside Energy LLC (IEL) F-1U F-2U F-3U F-4U
Lakeside Energy Corporation (LEC) F-1U F-2U F-3U F-4U
North Lake Energy Corporation (NLEC) F-1U F-2U F-3U F-4U
Portside Energy Corporation (PORT) F-1U F-2U F-3U F-4U
Whiting Clean Energy, Inc. (WCE) F-1U F-2U F-3U F-4U
SM&P Utility Resources, Inc. (SMP) F-1, F-1V F-2, F-2V F-3, F-3V F-4, F-4V
Subsidiary:
Colcom Incorporated (CI) F-1V F-2V F-3V F-4V
47
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1 (1 of 8)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1 F-1 F-1 Consolidating
As of December 31, ($ in thousands) Page 3 Page 5 Page 7 Combined Entries Consolidated
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * 16,078,938
Accumulated depreciation and amortization (7,616,438)
-----------------------------------------------------------------------------------------------------------------------------------
Net utility plant 8,462,500
-----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center 1,011,462
Canadian cost center 22,300
Accumulated depletion (74,575)
-----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties 959,187
-----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation 132,975
-----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 9,554,662
-----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries --
Net assets of discontinued operations 375,015
Unconsolidated affiliates 123,953
Assets held for sale 15,395
Other investments 47,782
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 562,145
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 127,881
Accounts receivable (less reserve) 937,749
Other receivables 10,140
Gas inventory 377,666
Underrecovered gas and fuel costs 129,385
Materials and supplies, at average cost 73,295
Electric production fuel, at average cost 29,153
Price risk management assets 299,218
Exchange gas receivable 186,761
Prepayments and other 395,431
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 2,566,679
-----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets 19,095
Regulatory assets 521,736
Intangible assets, less accumulated amortization 3,737,936
Deferred charges and other 411,875
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 4,690,642
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 17,374,128
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
48
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1(2 of 8)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1 F-1 F-1 Consolidating
As of December 31, ($ in thousands) Page 4 Page 6 Page 8 Combined Entries Consolidated
------------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * 3,469,440
Preferred Stocks--
Subsidiary Companies --
Series without mandatory redemption provisions 83,631
Series with mandatory redemption provisions 4,969
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures 345,000
Long-term debt, excluding amounts due within one year 5,780,762
------------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 9,683,802
------------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption 43,000
Current portion of long-term debt 398,256
Short-term borrowings 1,854,283
Accounts payable 646,603
Dividends declared on common and preferred stocks 1,748
Customer deposits 36,289
Taxes accrued 274,741
Interest accrued 79,583
Overrecovered gas and fuel costs 49,317
Price risk management liabilities 242,355
Exchange gas payable 287,221
Current deferred revenue 89,020
Other accruals 726,218
------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 4,728,634
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities 11,351
Deferred income taxes 1,726,292
Deferred investment tax credits 105,246
Deferred credits 352,467
Noncurrent deferred revenue 435,440
Accrued liability for postretirement benefits 277,661
Other noncurrent liabilities 53,235
------------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 2,961,692
------------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES --
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 17,374,128
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
49
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1(3 of 8)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1 Page 3
As of December 31, ($ in thousands) NI BSG CG EUII KOKO NESI Total
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * 8,267,023 * * * *
Accumulated depreciation and amortization (3,879,156)
-----------------------------------------------------------------------------------------------------------------------------------
Net utility plant 4,387,867
-----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center 660,658
Canadian cost center 22,361
Accumulated depletion (141,971)
-----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties 541,048
-----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation --
-----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 4,928,915
-----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries --
Net assets of discontinued operations 29,976
Unconsolidated affiliates 32,982
Assets held for sale --
Other investments 14,772
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 77,730
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 53,935
Accounts receivable (less reserve) 713,553
Other receivables 1
Gas inventory 195,707
Underrecovered gas and fuel costs 60,115
Materials and supplies, at average cost 14,544
Electric production fuel, at average cost --
Price risk management assets 65,770
Exchange gas receivable 186,761
Prepayments and other 376,603
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 1,666,989
-----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets 91
Regulatory assets 363,663
Intangible assets, less accumulated amortization 1,681
Deferred charges and other 35,037
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 400,472
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 7,074,106
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
50
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1(4 of 8)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1 Page 4
As of December 31, ($ in thousands) NI BSG CG EUII KOKO NESI Total
-----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * 2,177,174 * * * *
Preferred Stocks--
Subsidiary Companies --
Series without mandatory redemption provisions --
Series with mandatory redemption provisions --
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures --
Long-term debt, excluding amounts due within one year 1,357,434
-----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 3,534,608
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption --
Current portion of long-term debt 281,708
Short-term borrowings 72,686
Accounts payable 359,102
Dividends declared on common and preferred stocks --
Customer deposits --
Taxes accrued 232,825
Interest accrued 28,581
Overrecovered gas and fuel costs 45,652
Price risk management liabilities 4,811
Exchange gas payable 282,252
Current deferred revenue 89,020
Other accruals 533,765
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 1,930,402
-----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities --
Deferred income taxes 759,856
Deferred investment tax credits 29,755
Deferred credits 246,830
Noncurrent deferred revenue 435,440
Accrued liability for postretirement benefits 104,909
Other noncurrent liabilities 32,306
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 1,609,096
-----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES --
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 7,074,106
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
51
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1(5 of 8)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1 Page 5
As of December 31, ($ in thousands) NCM NCT NCS NDEV NET NFC Total
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * 87,728 * * * *
Accumulated depreciation and amortization (31,224)
-----------------------------------------------------------------------------------------------------------------------------------
Net utility plant 56,504
-----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center --
Canadian cost center --
Accumulated depletion --
-----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties --
-----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation --
-----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 56,504
-----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries --
Net assets of discontinued operations --
Unconsolidated affiliates --
Assets held for sale --
Other investments --
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets --
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 43
Accounts receivable (less reserve) 164,977
Other receivables --
Gas inventory --
Underrecovered gas and fuel costs --
Materials and supplies, at average cost --
Electric production fuel, at average cost --
Price risk management assets --
Exchange gas receivable --
Prepayments and other 2,465
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 167,485
-----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets --
Regulatory assets --
Intangible assets, less accumulated amortization --
Deferred charges and other 84,330
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 84,330
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 308,319
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
52
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1(6 of 8)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1 Page 6
As of December 31, ($ in thousands) NCM NCT NCS NDEV NET NFC Total
-----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * 400 * * * *
Preferred Stocks--
Subsidiary Companies --
Series without mandatory redemption provisions --
Series with mandatory redemption provisions --
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures --
Long-term debt, excluding amounts due within one year 23,930
-----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 24,330
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption --
Current portion of long-term debt --
Short-term borrowings 21,479
Accounts payable 82,969
Dividends declared on common and preferred stocks --
Customer deposits --
Taxes accrued (4,172)
Interest accrued 1
Overrecovered gas and fuel costs --
Price risk management liabilities --
Exchange gas payable --
Current deferred revenue --
Other accruals 168,017
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 268,294
-----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities --
Deferred income taxes 6,366
Deferred investment tax credits --
Deferred credits 7,381
Noncurrent deferred revenue --
Accrued liability for postretirement benefits 1,948
Other noncurrent liabilities --
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 15,695
-----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES --
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 308,319
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
53
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1 (7 of 8)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1 Page 7
As of December 31, ($ in thousands) NPG NIFL NIP PEI SMP Total
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * 6,218,991 * * *
Accumulated depreciation and amortization (3,357,201)
-----------------------------------------------------------------------------------------------------------------------------------
Net utility plant 2,861,790
-----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center --
Canadian cost center --
Accumulated depletion --
-----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties --
-----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation 2,498
-----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 2,864,288
-----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries --
Net assets of discontinued operations --
Unconsolidated affiliates 5,646
Assets held for sale --
Other investments --
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 5,646
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 15,945
Accounts receivable (less reserve) 116,433
Other receivables --
Gas inventory 104,706
Underrecovered gas and fuel costs 28,217
Materials and supplies, at average cost 44,674
Electric production fuel, at average cost 29,152
Price risk management assets --
Exchange gas receivable --
Prepayments and other 40,339
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 379,466
-----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets --
Regulatory assets 165,519
Intangible assets, less accumulated amortization --
Deferred charges and other 194,288
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 359,807
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 3,609,207
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
54
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1(8 of 8)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1 Page 8
As of December 31, ($ in thousands) NPG NIFL NIP PEI SMP Total
------------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * 1,036,314 * * *
Preferred Stocks--
Subsidiary Companies --
Series without mandatory redemption provisions 81,114
Series with mandatory redemption provisions 4,969
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures --
Long-term debt, excluding amounts due within one year 843,064
------------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 1,965,461
------------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption 43,000
Current portion of long-term debt 59,000
Short-term borrowings 335,415
Accounts payable 145,836
Dividends declared on common and preferred stocks 1,748
Customer deposits 31,830
Taxes accrued 195,395
Interest accrued 7,825
Overrecovered gas and fuel costs 3,665
Price risk management liabilities 5,609
Exchange gas payable --
Current deferred revenue --
Other accruals 58,730
------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 888,053
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities --
Deferred income taxes 464,656
Deferred investment tax credits 71,392
Deferred credits 48,963
Noncurrent deferred revenue --
Accrued liability for postretirement benefits 160,768
Other noncurrent liabilities 9,914
------------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 755,693
------------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES --
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 3,609,207
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
55
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1A(1 of 2)
NISOURCE INC. AND SUBSIDIARIES
BAY STATE GAS COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1A
As of December 31, ($ in thousands) BSG BSGPE NU Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant 1,132,875 * 252,240 * * *
Accumulated depreciation and amortization (256,832) (48,681)
------------------------------------------------------------------------------------------------------------------------------------
Net utility plant 876,043 203,559
------------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center -- --
Canadian cost center -- --
Accumulated depletion -- --
------------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties -- --
------------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation 74 2,486
------------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 876,117 206,045
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries 111,228 --
Net assets of discontinued operations -- --
Unconsolidated affiliates 32 2
Assets held for sale -- --
Other investments -- --
------------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 111,260 2
------------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 1,412 58
Accounts receivable (less reserve) 101,570 37,759
Other receivables -- --
Gas inventory 22,459 18,336
Underrecovered gas and fuel costs 28,039 10,788
Materials and supplies, at average cost 4,299 818
Electric production fuel, at average cost -- --
Price risk management assets -- --
Exchange gas receivable -- --
Prepayments and other 3,858 3,106
------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 161,637 70,865
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets - -
Regulatory assets 7,740 8,674
Intangible assets, less accumulated amortization 2,030 1,071
Deferred charges and other 33,131 2,943
------------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 42,901 12,688
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 1,191,915 289,600
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
56
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1A(2 of 2)
NISOURCE INC. AND SUBSIDIARIES
BAY STATE GAS COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1A
As of December 31, ($ in thousands) BSG BSGPE NU Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity 534,381 * 111,095 * * *
Preferred Stocks--
Subsidiary Companies -- --
Series without mandatory redemption provisions -- --
Series with mandatory redemption provisions -- --
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures -- --
Long-term debt, excluding amounts due within one year 95,500 18,833
-----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 629,881 129,928
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption -- --
Current portion of long-term debt 53,000 833
Short-term borrowings 140,585 60,000
Accounts payable 43,705 20,975
Dividends declared on common and preferred stocks -- --
Customer deposits 3,002 --
Taxes accrued 4,821 3,968
Interest accrued 3,069 1,157
Overrecovered gas and fuel costs -- --
Price risk management liabilities -- --
Exchange gas payable -- --
Current deferred revenue -- --
Other accruals 57,389 19,635
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 305,571 106,568
-----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities -- --
Deferred income taxes 244,910 49,753
Deferred investment tax credits 2,987 288
Deferred credits -- --
Noncurrent deferred revenue -- --
Accrued liability for postretirement benefits -- --
Other noncurrent liabilities 8,566 3,063
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 256,463 53,104
-----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES -- --
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 1,191,915 289,600
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
57
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B(1 of 10)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consoli-
F-1B F-1B F-1B F-1B dating F-1B
As of December 31, ($ in thousands) Page 3 Page 5 Page 7 Page 9 Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * * 8,267,023
Accumulated depreciation and amortization (3,879,156)
-----------------------------------------------------------------------------------------------------------------------------------
Net utility plant 4,387,867
-----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center 660,658
Canadian cost center 22,361
Accumulated depletion (141,971)
-----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties 541,048
-----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation --
-----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 4,928,915
-----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries --
Net assets of discontinued operations 29,976
Unconsolidated affiliates 32,982
Assets held for sale --
Other investments 14,772
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 77,730
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 53,935
Accounts receivable (less reserve) 713,553
Other receivables 1
Gas inventory 195,707
Underrecovered gas and fuel costs 60,115
Materials and supplies, at average cost 14,544
Electric production fuel, at average cost --
Price risk management assets 65,770
Exchange gas receivable 186,761
Prepayments and other 376,603
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 1,666,989
-----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets 91
Regulatory assets 363,663
Intangible assets, less accumulated amortization 1,681
Deferred charges and other 35,037
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 400,472
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 7,074,106
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
58
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B(2 of 10)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consoli-
F-1B F-1B F-1B F-1B dating F-1B
As of December 31, ($ in thousands) Page 4 Page 6 Page 8 Page 10 Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * * 2,177,174
Preferred Stocks--
Subsidiary Companies --
Series without mandatory redemption provisions --
Series with mandatory redemption provisions --
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures --
Long-term debt, excluding amounts due within one year 1,357,434
------------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 3,534,608
------------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption --
Current portion of long-term debt 281,708
Short-term borrowings 72,686
Accounts payable 359,102
Dividends declared on common and preferred stocks --
Customer deposits --
Taxes accrued 232,825
Interest accrued 28,581
Overrecovered gas and fuel costs 45,652
Price risk management liabilities 4,811
Exchange gas payable 282,252
Current deferred revenue 89,020
Other accruals 533,765
------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 1,930,402
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities --
Deferred income taxes 759,856
Deferred investment tax credits 29,755
Deferred credits 246,830
Noncurrent deferred revenue 435,440
Accrued liability for postretirement benefits 104,909
Other noncurrent liabilities 32,306
------------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 1,609,096
------------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES --
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 7,074,106
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
59
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B(3 of 10)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1B Page 3
As of December 31, ($ in thousands) CG CAT CCC CER CES Total
------------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
60
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B(4 of 10)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1B Page 4
As of December 31, ($ in thousands) CG CAT CCC CER CES Total
-----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
-----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
-----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
-----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
61
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B(5 of 10)
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, ($ in thousands) CFC CKY CMD COH CPA CGV Total
------------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * 224,479 82,485 1,493,420 643,260 482,596 *
Accumulated depreciation and amortization (98,377) (34,007) (644,749) (211,715) (109,611)
------------------------------------------------------------------------------------------------------------------------------------
Net utility plant 126,102 48,478 848,671 431,545 372,985
------------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center -- -- -- -- --
Canadian cost center -- -- -- -- --
Accumulated depletion -- -- -- -- --
------------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties -- -- -- -- --
------------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation -- -- -- -- --
------------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 126,102 48,478 848,671 431,545 372,985
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries -- -- -- -- --
Net assets of discontinued operations -- -- -- -- --
Unconsolidated affiliates -- -- -- -- --
Assets held for sale -- -- -- -- --
Other investments -- -- -- -- --
------------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets -- -- -- -- --
------------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 1,107 268 8,027 1,502 1,154
Accounts receivable (less reserve) 27,508 16,594 204,933 102,437 59,575
Other receivables -- -- -- -- --
Gas inventory 19,289 4,310 96,817 57,992 17,299
Underrecovered gas and fuel costs 12,146 -- 35,443 12,526 --
Materials and supplies, at average cost -- 124 -- -- 609
Electric production fuel, at average cost -- -- -- -- --
Price risk management assets -- -- -- -- --
Exchange gas receivable 104 1 37,702 18,452 629
Prepayments and other 2,625 3,618 106,769 14,670 36,543
------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 62,779 24,915 489,691 207,579 115,809
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets -- -- -- -- --
Regulatory assets 5,628 2,207 181,149 67,472 11,961
Intangible assets, less accumulated amortization -- -- -- -- --
Deferred charges and other 1,393 312 32,159 3,539 3,027
------------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 7,021 2,519 213,308 71,011 14,988
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 195,902 75,912 1,551,670 710,135 503,782
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
62
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B(6 of 10)
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, ($ in thousands) CFC CKY CMD COH CPA CGV Total
-----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * 80,048 27,181 372,535 194,455 165,554 *
Preferred Stocks--
Subsidiary Companies -- -- -- -- --
Series without mandatory redemption provisions -- -- -- -- --
Series with mandatory redemption provisions -- -- -- -- --
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures -- -- -- -- --
Long-term debt, excluding amounts due within one year 42,209 18,975 207,232 185,215 130,175
-----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 122,257 46,156 579,767 379,670 295,729
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption -- -- -- -- --
Current portion of long-term debt 5,829 2,495 139 17,843 12,835
Short-term borrowings -- -- -- -- --
Accounts payable 16,707 5,216 154,301 42,022 25,727
Dividends declared on common and preferred stocks -- -- -- -- --
Customer deposits -- -- -- -- --
Taxes accrued 3,163 2,554 55,742 23,574 16,281
Interest accrued 512 15 2,005 13 297
Overrecovered gas and fuel costs -- 4,653 -- -- 40,999
Price risk management liabilities 239 74 2,986 1,410 102
Exchange gas payable 6,473 978 79,208 22,624 3,772
Current deferred revenue -- -- -- -- --
Other accruals 22,532 4,305 433,650 90,527 39,600
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 55,455 20,290 728,031 198,013 139,613
-----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities -- -- -- -- --
Deferred income taxes 9,667 4,718 117,708 89,119 27,623
Deferred investment tax credits 1,405 801 16,472 7,867 2,221
Deferred credits 2,119 1,889 48,273 17,566 31,726
Noncurrent deferred revenue -- -- -- -- --
Accrued liability for postretirement benefits 1,082 1,572 52,135 12,321 5,456
Other noncurrent liabilities 3,917 486 9,284 5,579 1,414
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 18,190 9,466 243,872 132,452 68,440
-----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES -- -- -- -- --
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 195,902 75,912 1,551,670 710,135 503,782
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
63
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B (7 of 10)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1B Page 7
As of December 31, ($ in thousands) TCO CGT CICL CLNG CNS CPL Total
------------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant 3,654,287 1,352,238 * * * * *
Accumulated depreciation and amortization (1,579,071) (1,068,533)
------------------------------------------------------------------------------------------------------------------------------------
Net utility plant 2,075,216 283,705
------------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center -- --
Canadian cost center -- --
Accumulated depletion -- --
------------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties -- --
------------------------------------------------------------------------------------------------------------------------------------
Other property, at cost,less accumulated depreciation -- --
------------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 2,075,216 283,705
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries -- --
Net assets of discontinued operations -- --
Unconsolidated affiliates 29,713 --
Assets held for sale -- --
Other investments 14,491 --
------------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 44,204 --
------------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 49 3
Accounts receivable (less reserve) 120,619 16,661
Other receivables -- --
Gas inventory -- --
Underrecovered gas and fuel costs -- --
Materials and supplies, at average cost 7,253 6,558
Electric production fuel, at average cost -- --
Price risk management assets -- --
Exchange gas receivable 115,787 14,086
Prepayments and other 98,217 7,759
------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 341,925 45,067
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets -- --
Regulatory assets 90,412 5,380
Intangible assets, less accumulated amortization -- --
Deferred charges and other 9,486 649
------------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 99,898 6,029
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 2,561,243 334,801
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
64
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B (8 of 10)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1B Page 8
As of December 31, ($ in thousands) TCO CGT CICL CLNG CNS CPL Total
------------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity 1,088,297 124,214 * * * * *
Preferred Stocks--
Subsidiary Companies -- --
Series without mandatory redemption provisions -- --
Series with mandatory redemption provisions -- --
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures -- --
Long-term debt, excluding amounts due within one year 385,925 77,468
------------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 1,474,222 201,682
------------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption -- --
Current portion of long-term debt 128,515 --
Short-term borrowings -- --
Accounts payable 67,758 28,553
Dividends declared on common and preferred stocks -- --
Customer deposits -- --
Taxes accrued 113,056 11,159
Interest accrued (132) 61
Overrecovered gas and fuel costs -- --
Price risk management liabilities -- --
Exchange gas payable 154,822 14,375
Current deferred revenue -- --
Other accruals 164,620 41,447
------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 628,639 95,595
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities -- --
Deferred income taxes 317,525 31,526
Deferred investment tax credits 764 225
Deferred credits 108,205 1,848
Noncurrent deferred revenue -- --
Accrued liability for postretirement benefits 19,716 3,925
Other noncurrent liabilities 12,172 --
------------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 458,382 37,524
------------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES -- --
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 2,561,243 334,801
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
65
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B (9 of 10)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1B Page 9
As of December 31, ($ in thousands) CRC CSP CTC Total
------------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
66
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1B (10 of 10)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1B Page 10
As of December 31, ($ in thousands) CRC CSP CTC Total
------------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
------------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
------------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
------------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
------------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
67
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1C (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1C
As of December 31, ($ in thousands) CCC TGT Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
68
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1C (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1C
As of December 31, ($ in thousands) CCC TGT Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
------------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
------------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
------------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
------------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
69
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1D (1 of 4)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1D Consolidating F-1D
As of December 31, ($ in thousands) Page 3 CER AD Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
70
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1D (2 of 4)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1D Consolidating F-1D
As of December 31, ($ in thousands) Page 4 CER AD Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
------------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
------------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
------------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
------------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
------------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
71
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1D (3 of 4)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1D Page 3
As of December 31, ($ in thousands) CNR CNRCL HH Total
==================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
==================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
72
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1D (4 of 4)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1D Page 4
As of December 31, ($ in thousands) CNR CNRCL HH Total
=============================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
-------------------------------------------------------------------------------------------------------------
Total Capitalization
-------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
-------------------------------------------------------------------------------------------------------------
Total Current Liabilities
-------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
-------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
-------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
-------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=============================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
73
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1E (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA FINANCE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1E
As of December 31, ($ in thousands) CFC CAR Combined Entries Total
==============================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
74
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1E (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA FINANCE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1E
As of December 31, ($ in thousands) CFC CAR Combined Entries Total
=========================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
-------------------------------------------------------------------------------------------------------------------------
Total Capitalization
-------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
-------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
-------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
-------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
-------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
-------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=========================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
75
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1F (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA NETWORK SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1F
As of December 31, ($ in thousands) CNS CMC Combined Entries Total
=============================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * *
Accumulated depreciation and amortization
-----------------------------------------------------------------------------------------------------------------------------
Net utility plant
-----------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
-----------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
-----------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
-----------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
-----------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
-----------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
-----------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
-----------------------------------------------------------------------------------------------------------------------------
Total Current Assets
-----------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
-----------------------------------------------------------------------------------------------------------------------------
Total Other Assets
-----------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
=============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
76
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1F (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA NETWORK SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1F
As of December 31, ($ in thousands) CNS CMC Combined Entries Total
============================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
----------------------------------------------------------------------------------------------------------------------------
Total Capitalization
----------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
----------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
----------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
----------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
----------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
----------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
77
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1G (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA PIPELINE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1G
As of December 31, ($ in thousands) CPL CDW Combined Entries Total
============================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * *
Accumulated depreciation and amortization
----------------------------------------------------------------------------------------------------------------------------
Net utility plant
----------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
----------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
----------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
----------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
----------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
----------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
----------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
----------------------------------------------------------------------------------------------------------------------------
Total Current Assets
----------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
----------------------------------------------------------------------------------------------------------------------------
Total Other Assets
----------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
78
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1G (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA PIPELINE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1G
As of December 31, ($ in thousands) CPL CDW Combined Entries Total
==============================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
79
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1H (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA SERVICE PARTNERS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1H
As of December 31, ($ in thousands) CSP CAA Combined Entries Total
==============================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
80
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1H (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA SERVICE PARTNERS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1H
As of December 31, ($ in thousands) CSP CAA Combined Entries Total
==============================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
81
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1I (1 of 6)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1I F-1I Consolidating F-1I
As of December 31, ($ in thousands) Page 3 Page 5 EUII Combined Entries Total
==================================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
----------------------------------------------------------------------------------------------------------------------------------
Net utility plant
----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
82
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1I (2 of 6)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1I F-1I Consolidating F-1I
As of December 31, ($ in thousands) Page 4 Page 6 EUII Combined Entries Total
=================================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
---------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
---------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
---------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
---------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
---------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
---------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
---------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
83
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1I (3 of 6)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA INC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1I Page 3
As of December 31, ($ in thousands) EUIM TPC NEML NEST MS1 Total
================================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
--------------------------------------------------------------------------------------------------------------------------------
Net utility plant
--------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
--------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
--------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
--------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
--------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
--------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
--------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
--------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
--------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
--------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
--------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
84
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1I (4 of 6)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA INC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1I Page 4
As of December 31, ($ in thousands) EUIM TPC NEML NEST MS1 Total
================================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
--------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
--------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
--------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
--------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
--------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
--------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
--------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
85
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1I (5 of 6)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA INC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1I Page 5
As of December 31, ($ in thousands) NIFC NITEX NGS EUC EUR Total
=================================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
---------------------------------------------------------------------------------------------------------------------------------
Net utility plant
---------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
---------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
---------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
---------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
---------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
---------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
---------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
---------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
---------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
---------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
---------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
=================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
86
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1I (6 of 6)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1I Page 6
As of December 31, ($ in thousands) NIFC NITEX NGS EUC EUR Total
===============================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
-------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
-------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
-------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
-------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
-------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
-------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
-------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
===============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
87
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1J (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. (MA) AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1J
As of December 31, ($ in thousands) EUIM ESPE EUIC Combined Entries Total
==================================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
----------------------------------------------------------------------------------------------------------------------------------
Net utility plant
----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
88
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1J (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. (MA) AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1J
As of December 31, ($ in thousands) EUIM ESPE EUIC Combined Entries Total
==================================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
89
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1K (1 of 4)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1K Consolidating F-1K
As of December 31, ($ in thousands) Page 3 EUIC BES Combined Entries Total
==================================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
----------------------------------------------------------------------------------------------------------------------------------
Net utility plant
----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
90
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1K (2 of 4)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1K Consolidating F-1K
As of December 31, ($ in thousands) Page 4 EUIC BES Combined Entries Total
==================================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
91
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1K (3 of 4)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1K Page 3
As of December 31, ($ in thousands) EUE EUM Total
=====================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * *
Accumulated depreciation and amortization
---------------------------------------------------------------------------------------------------------------------
Net utility plant
---------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
---------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
---------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
---------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
---------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
---------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
---------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
---------------------------------------------------------------------------------------------------------------------
Total Current Assets
---------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
---------------------------------------------------------------------------------------------------------------------
Total Other Assets
---------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
=====================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
92
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1K (4 of 4)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1K Page 4
As of December 31, ($ in thousands) EUE EUM Total
====================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
--------------------------------------------------------------------------------------------------------------------
Total Capitalization
--------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
--------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
--------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
--------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
--------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
--------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
====================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
93
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1L (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA-TPC CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1L
As of December 31, ($ in thousands) TPC EUA Combined Entries Total
==============================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
94
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1L (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA-TPC CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1L
As of December 31, ($ in thousands) TPC EUA Combined Entries Total
==============================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
95
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1M (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
KOKOMO GAS AND FUEL COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1M
As of December 31, ($ in thousands) KOKO KGF Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant 78,308 * * * *
Accumulated depreciation and amortization (36,732)
-----------------------------------------------------------------------------------------------------------------------------------
Net utility plant 41,576
-----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center --
Canadian cost center --
Accumulated depletion --
-----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties --
-----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation --
-----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 41,576
-----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries --
Net assets of discontinued operations --
Unconsolidated affiliates 5
Assets held for sale --
Other investments --
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 5
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 1,508
Accounts receivable (less reserve) 3,853
Other receivables --
Gas inventory 773
Underrecovered gas and fuel costs --
Materials and supplies, at average cost 403
Electric production fuel, at average cost --
Price risk management assets --
Exchange gas receivable --
Prepayments and other 32
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 6,569
-----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets --
Regulatory assets --
Intangible assets, less accumulated amortization --
Deferred charges and other 68
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 68
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 48,218
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
96
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1M (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
KOKOMO GAS AND FUEL COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1M
As of December 31, ($ in thousands) KOKO KGF Combined Entries Total
===================================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity 34,418 * * * *
Preferred Stocks--
Subsidiary Companies --
Series without mandatory redemption provisions --
Series with mandatory redemption provisions --
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures --
Long-term debt, excluding amounts due within one year --
-----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 34,418
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption --
Current portion of long-term debt --
Short-term borrowings 1,015
Accounts payable 5,657
Dividends declared on common and preferred stocks --
Customer deposits 493
Taxes accrued (134)
Interest accrued 130
Overrecovered gas and fuel costs (2,298)
Price risk management liabilities --
Exchange gas payable --
Current deferred revenue --
Other accruals 1,295
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 6,158
-----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities --
Deferred income taxes 4,158
Deferred investment tax credits 501
Deferred credits --
Noncurrent deferred revenue --
Accrued liability for postretirement benefits 386
Other noncurrent liabilities 2,597
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 7,642
-----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES --
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 48,218
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
97
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1N (1 of 4)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1N Consolidating F-1N
As of December 31, ($ in thousands) Page 3 NESI CROSS Combined Entries Total
================================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * 35,232 * * *
Accumulated depreciation and amortization (6,630)
--------------------------------------------------------------------------------------------------------------------------------
Net utility plant 28,602
--------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center --
Canadian cost center --
Accumulated depletion --
--------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties --
--------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation (40)
--------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 28,562
--------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries --
Net assets of discontinued operations --
Unconsolidated affiliates --
Assets held for sale --
Other investments --
--------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets --
--------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 1
Accounts receivable (less reserve) 757
Other receivables --
Gas inventory --
Underrecovered gas and fuel costs --
Materials and supplies, at average cost --
Electric production fuel, at average cost --
Price risk management assets --
Exchange gas receivable --
Prepayments and other 1
--------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 759
--------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets --
Regulatory assets 66
Intangible assets, less accumulated amortization --
Deferred charges and other 727
--------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 793
--------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 30,114
================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
98
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1N (2 of 4)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1N Consolidating F-1N
As of December 31, ($ in thousands) Page 4 NESI CROSS Combined Entries Total
================================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * (8,696) * * *
Preferred Stocks--
Subsidiary Companies --
Series without mandatory redemption provisions --
Series with mandatory redemption provisions --
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures --
Long-term debt, excluding amounts due within one year --
--------------------------------------------------------------------------------------------------------------------------------
Total Capitalization (8,696)
--------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption --
Current portion of long-term debt --
Short-term borrowings 30,393
Accounts payable 3,975
Dividends declared on common and preferred stocks --
Customer deposits --
Taxes accrued 393
Interest accrued --
Overrecovered gas and fuel costs --
Price risk management liabilities --
Exchange gas payable --
Current deferred revenue --
Other accruals 800
--------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 35,561
--------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities --
Deferred income taxes 3,210
Deferred investment tax credits --
Deferred credits 39
Noncurrent deferred revenue --
Accrued liability for postretirement benefits --
Other noncurrent liabilities --
--------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 3,249
--------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES --
--------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 30,114
================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
99
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1N (3 of 4)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1N Page 3
As of December 31, ($ in thousands) GREEN NPM NESCL Total
=========================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * *
Accumulated depreciation and amortization
---------------------------------------------------------------------------------------------------------
Net utility plant
---------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
---------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
---------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
---------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
---------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
---------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
---------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
---------------------------------------------------------------------------------------------------------
Total Current Assets
---------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
---------------------------------------------------------------------------------------------------------
Total Other Assets
---------------------------------------------------------------------------------------------------------
TOTAL ASSETS
=========================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
100
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1N (4 of 4)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1N Page 4
As of December 31, ($ in thousands) GREEN NPM NESCL Total
=========================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
---------------------------------------------------------------------------------------------------------
Total Capitalization
---------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
---------------------------------------------------------------------------------------------------------
Total Current Liabilities
---------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
---------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
---------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
---------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=========================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
101
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1O (1 of 6)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1O F-1O Consolidating F-1O
As of December 31, ($ in thousands) Page 3 Page 5 NDEV ASL Combined Entries Total
==============================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
102
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1O (2 of 6)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1O F-1O Consolidating F-1O
As of December 31, ($ in thousands) Page 4 Page 6 NDEV ASL Combined Entries Total
==============================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
103
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1O (3 of 6)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1O Page 3
As of December 31, ($ in thousands) CARD CIS JOF KOGF LEL Total
======================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
----------------------------------------------------------------------------------------------------------------------
Net utility plant
----------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
----------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
----------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
----------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
----------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
----------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
----------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
----------------------------------------------------------------------------------------------------------------------
Total Current Assets
----------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
----------------------------------------------------------------------------------------------------------------------
Total Other Assets
----------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
======================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
104
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1O (4 of 6)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1O Page 4
As of December 31, ($ in thousands) CARD CIS JOF KOGF LEL Total
======================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
----------------------------------------------------------------------------------------------------------------------
Total Capitalization
----------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
----------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
----------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
----------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
----------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
----------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
======================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
105
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1O (5 of 6)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1O page 5
As of December 31, ($ in thousands) NDC PRO PRI SWP Total
=============================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * *
Accumulated depreciation and amortization
-------------------------------------------------------------------------------------------------------------
Net utility plant
-------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
-------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
-------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
-------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
-------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
-------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
-------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
-------------------------------------------------------------------------------------------------------------
Total Current Assets
-------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
-------------------------------------------------------------------------------------------------------------
Total Other Assets
-------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
=============================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
106
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1O (6 of 6)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1O page 6
As of December 31, ($ in thousands) NDC PRO PRI SWP Total
=============================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
-------------------------------------------------------------------------------------------------------------
Total Capitalization
-------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
-------------------------------------------------------------------------------------------------------------
Total Current Liabilities
-------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
-------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
-------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
-------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=============================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
107
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1P (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
LAKE ERIE LAND COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1P Page 1
As of December 31, ($ in thousands) LEL SCC Combined Entries Total
===========================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * *
Accumulated depreciation and amortization
---------------------------------------------------------------------------------------------------------------------------
Net utility plant
---------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
---------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
---------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
---------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
---------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
---------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
---------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
---------------------------------------------------------------------------------------------------------------------------
Total Current Assets
---------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
---------------------------------------------------------------------------------------------------------------------------
Total Other Assets
---------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
===========================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
108
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1P (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
LAKE ERIE LAND COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1P Page 2
As of December 31, ($ in thousands) LEL SCC Combined Entries Total
===========================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
---------------------------------------------------------------------------------------------------------------------------
Total Capitalization
---------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
---------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
---------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
---------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
---------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
---------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
===========================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
109
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1Q (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE PIPELINE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1Q Page 1
As of December 31, ($ in thousands) NPG GSGT PNGTS Combined Entries Total
==============================================================================================================================
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
------------------------------------------------------------------------------------------------------------------------------
Net utility plant
------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
110
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1Q (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE PIPELINE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1Q Page 2
As of December 31, ($ in thousands) NPG GSGT PNGTS Combined Entries Total
==============================================================================================================================
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
111
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1R (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
GRANITE STATE GAS TRANSMISSION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1R Page 1
As of December 31, ($ in thousands) GSGT BSEE NGD Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant 22,536 * * * * *
Accumulated depreciation and amortization (6,139)
-----------------------------------------------------------------------------------------------------------------------------------
Net utility plant 16,397
-----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center -
Canadian cost center -
Accumulated depletion -
-----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties -
-----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation 600
-----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 16,997
-----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries 753
Net assets of discontinued operations -
Unconsolidated affiliates -
Assets held for sale -
Other investments -
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 753
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents (291)
Accounts receivable (less reserve) 12,928
Other receivables -
Gas inventory -
Underrecovered gas and fuel costs -
Materials and supplies, at average cost -
Electric production fuel, at average cost -
Price risk management assets -
Exchange gas receivable -
Prepayments and other 110
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 12,747
-----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets -
Regulatory assets 3,897
Intangible assets, less accumulated amortization 4
Deferred charges and other 184
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 4,085
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 34,582
===================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
112
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1R (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
GRANITE STATE GAS TRANSMISSION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1R Page 2
As of December 31, ($ in thousands) GSGT BSEE NGD Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity 8,869 * * * * *
Preferred Stocks--
Subsidiary Companies -
Series without mandatory redemption provisions -
Series with mandatory redemption provisions -
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures -
Long-term debt, excluding amounts due within one year -
-----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 8,869
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption -
Current portion of long-term debt -
Short-term borrowings 18,969
Accounts payable 4,107
Dividends declared on common and preferred stocks -
Customer deposits -
Taxes accrued (3,526)
Interest accrued -
Overrecovered gas and fuel costs -
Price risk management liabilities -
Exchange gas payable -
Current deferred revenue -
Other accruals 32
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 19,582
-----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities -
Deferred income taxes 6,033
Deferred investment tax credits 20
Deferred credits -
Noncurrent deferred revenue -
Accrued liability for postretirement benefits -
Other noncurrent liabilities 78
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 6,131
-----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES -
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 34,582
===================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
113
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1S (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1S Page 1
As of December 31, ($ in thousands) NIFL NITC Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant 71,542 * * * *
Accumulated depreciation and amortization (25,042)
-------------------------------------------------------------------------------------------------------------------------
Net utility plant 46,500
-------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center -
Canadian cost center -
Accumulated depletion -
-------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties -
-------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation -
-------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 46,500
-------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries -
Net assets of discontinued operations -
Unconsolidated affiliates -
Assets held for sale -
Other investments 4,043
-------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 4,043
-------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 590
Accounts receivable (less reserve) 6,406
Other receivables -
Gas inventory 5,587
Underrecovered gas and fuel costs 5,169
Materials and supplies, at average cost 409
Electric production fuel, at average cost -
Price risk management assets -
Exchange gas receivable -
Prepayments and other 82
-------------------------------------------------------------------------------------------------------------------------
Total Current Assets 18,243
-------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets -
Regulatory assets 132
Intangible assets, less accumulated amortization -
Deferred charges and other 20
Total Other Assets 152
-------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 68,938
=========================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
114
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1S (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1S Page 2
As of December 31, ($ in thousands) NIFL NITC Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity 45,390 * * * *
Preferred Stocks--
Subsidiary Companies -
Series without mandatory redemption provisions -
Series with mandatory redemption provisions -
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures -
Long-term debt, excluding amounts due within one year -
-------------------------------------------------------------------------------------------------------------------------
Total Capitalization 45,390
-------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption -
Current portion of long-term debt -
Short-term borrowings 4,000
Accounts payable 6,367
Dividends declared on common and preferred stocks 157
Customer deposits -
Taxes accrued 499
Interest accrued 31
Overrecovered gas and fuel costs -
Price risk management liabilities -
Exchange gas payable -
Current deferred revenue -
Other accruals 1,513
-------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 12,567
-------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities -
Deferred income taxes 4,494
Deferred investment tax credits 302
Deferred credits 4,294
Noncurrent deferred revenue -
Accrued liability for postretirement benefits -
Other noncurrent liabilities 1,891
-------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 10,981
-------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES -
-------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 68,938
=========================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
115
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1T (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA PUBLIC SERVICE COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1T Page 1
As of December 31, ($ in thousands) NIP NEXCO Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant 6,218,991 * * * 6,218,991
Accumulated depreciation and amortization (3,357,201) (3,357,201)
-------------------------------------------------------------------------------------------------------------------------------
Net utility plant 2,861,790 2,861,790
-------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center - -
Canadian cost center - -
Accumulated depletion - -
-------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties - -
-------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation 2,498 2,498
-------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment 2,864,288 2,864,288
-------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries - -
Net assets of discontinued operations - -
Unconsolidated affiliates 7,907 5,646
Assets held for sale - -
Other investments - -
-------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets 7,907 5,646
-------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents 15,925 15,945
Accounts receivable (less reserve) 139,083 116,433
Other receivables - -
Gas inventory 104,706 104,706
Underrecovered gas and fuel costs - 28,217
Materials and supplies, at average cost 44,501 44,674
Electric production fuel, at average cost 29,152 29,152
Price risk management assets - -
Exchange gas receivable - -
Prepayments and other 199,709 40,339
-------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 533,076 379,466
-------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets - -
Regulatory assets 225,377 165,519
Intangible assets, less accumulated amortization - -
Deferred charges and other 265,145 194,288
-------------------------------------------------------------------------------------------------------------------------------
Total Other Assets 490,522 359,807
-------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS 3,895,793 3,609,207
===============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
116
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1T (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA PUBLIC SERVICE COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1T Page 2
As of December 31, ($ in thousands) NIP NEXCO Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity 1,036,314 * * * 1,036,314
Preferred Stocks--
Subsidiary Companies - -
Series without mandatory redemption provisions 81,114 81,114
Series with mandatory redemption provisions 5,547 4,969
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures - -
Long-term debt, excluding amounts due within one year 902,064 843,064
-------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 2,025,039 1,965,461
-------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption 43,000 43,000
Current portion of long-term debt - 59,000
Short-term borrowings 335,415 335,415
Accounts payable 146,177 145,836
Dividends declared on common and preferred stocks 1,748 1,748
Customer deposits 27,675 31,830
Taxes accrued 168,120 195,395
Interest accrued 11,980 7,825
Overrecovered gas and fuel costs - 3,665
Price risk management liabilities 5,609 5,609
Exchange gas payable - -
Current deferred revenue - -
Other accruals 32,649 58,730
-------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 772,373 888,053
-------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities - -
Deferred income taxes 739,536 464,656
Deferred investment tax credits 71,392 71,392
Deferred credits 229,419 48,963
Noncurrent deferred revenue - -
Accrued liability for postretirement benefits - 160,768
Other noncurrent liabilities 58,034 9,914
-------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits 1,098,381 755,693
-------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES - -
-------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES 3,895,793 3,609,207
===============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
117
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1U (1 of 4)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1U Consolidating F-1U
As of December 31, ($ in thousands) Page 3 PEI CEI Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * *
Accumulated depreciation and amortization
----------------------------------------------------------------------------------------------------------------------------
Net utility plant
----------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
----------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
----------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
----------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
----------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
----------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
----------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
----------------------------------------------------------------------------------------------------------------------------
Total Current Assets
----------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
----------------------------------------------------------------------------------------------------------------------------
Total Other Assets
----------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
118
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1U (2 of 4)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1U Consolidating F-1U
As of December 31, ($ in thousands) Page 4 PEI CEI Combined Entries Total
---------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
---------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
---------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
---------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
---------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
---------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
---------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
---------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
119
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1U (3 of 4)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1U Page 3
As of December 31, ($ in thousands) HCC IEL LEC NLEC PORT WCE Total
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * * * *
Accumulated depreciation and amortization
-----------------------------------------------------------------------------------------------------------------------------------
Net utility plant
-----------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
-----------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
-----------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
-----------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
-----------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
-----------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
-----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
-----------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
===================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
120
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1U (4 of 4)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
F-1U Page 4
As of December 31, ($ in thousands) HCC IEL LEC NLEC PORT WCE Total
-------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
-------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
-------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
-------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
-------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
-------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
-------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
-------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
===============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
121
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1V (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
SM&P UTILITY RESOURCES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1V Page 1
As of December 31, ($ in thousands) SMP CI Combined Entries Total
--------------------------------------------------------------------------------------------------------------------------------
ASSETS
PROPERTY, PLANT AND EQUIPMENT
Utility plant * * * * *
Accumulated depreciation and amortization
--------------------------------------------------------------------------------------------------------------------------------
Net utility plant
--------------------------------------------------------------------------------------------------------------------------------
Gas and oil producing properties, full cost method
United States cost center
Canadian cost center
Accumulated depletion
--------------------------------------------------------------------------------------------------------------------------------
Net gas and oil producing properties
--------------------------------------------------------------------------------------------------------------------------------
Other property, at cost, less accumulated depreciation
--------------------------------------------------------------------------------------------------------------------------------
Net Property, Plant, and Equipment
--------------------------------------------------------------------------------------------------------------------------------
INVESTMENTS AND OTHER ASSETS
Equity in undistributed earnings of subsidiaries
Net assets of discontinued operations
Unconsolidated affiliates
Assets held for sale
Other investments
--------------------------------------------------------------------------------------------------------------------------------
Total Investments and Other Assets
--------------------------------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable (less reserve)
Other receivables
Gas inventory
Underrecovered gas and fuel costs
Materials and supplies, at average cost
Electric production fuel, at average cost
Price risk management assets
Exchange gas receivable
Prepayments and other
--------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
--------------------------------------------------------------------------------------------------------------------------------
OTHER ASSETS
Price risk management assets
Regulatory assets
Intangible assets, less accumulated amortization
Deferred charges and other
--------------------------------------------------------------------------------------------------------------------------------
Total Other Assets
--------------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS
================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
122
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-1V (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
SM&P UTILITY RESOURCES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Not covered by Report of Independent Public Accountants)
Consolidating F-1V Page 2
As of December 31, ($ in thousands) SMP CI Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES
CAPITALIZATION
Common Stock Equity * * * * *
Preferred Stocks--
Subsidiary Companies
Series without mandatory redemption provisions
Series with mandatory redemption provisions
Company-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely Company
debentures
Long-term debt, excluding amounts due within one year
----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization
----------------------------------------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current redeemable preferred stock subject to
mandatory redemption
Current portion of long-term debt
Short-term borrowings
Accounts payable
Dividends declared on common and preferred stocks
Customer deposits
Taxes accrued
Interest accrued
Overrecovered gas and fuel costs
Price risk management liabilities
Exchange gas payable
Current deferred revenue
Other accruals
----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
----------------------------------------------------------------------------------------------------------------------------------
OTHER LIABILITIES AND DEFERRED CREDITS
Price risk management liabilities
Deferred income taxes
Deferred investment tax credits
Deferred credits
Noncurrent deferred revenue
Accrued liability for postretirement benefits
Other noncurrent liabilities
----------------------------------------------------------------------------------------------------------------------------------
Total Other Liabilities and Deferred Credits
----------------------------------------------------------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES
----------------------------------------------------------------------------------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
==================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
123
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2 (1 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2 F-2 F-2 Consolidating F-2
Year Ended December 31, ($ in thousands) Page 2 Page 3 Page 4 Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * 4,241,236
Gas Transmission and Storage 606,792
Electric 1,010,529
Exploration and Production 156,924
Merchant Operations 3,004,880
Other 438,369
-----------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 9,458,730
Cost of Sales 6,055,330
-----------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 3,403,400
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 1,449,015
Depreciation, depletion and amortization 641,671
Other taxes 294,661
Loss on asset impairment 9,200
-----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 2,394,547
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 1,008,853
-----------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (597,676)
Minority interest (20,393)
Dividend requirements on preferred stock of subsidiaries (7,473)
Other, net 11,972
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (613,570)
-----------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 395,283
INCOME TAXES 183,159
-----------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 212,124
-----------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations 72
Change in Accounting - net of taxes 4,018
Subsidiary Earnings -
-----------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 216,214
===================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
124
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2 (2 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2 Page 2
Year Ended December 31, ($ in thousands) NI BSG CG EUII KOKO NESI Total
---------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * 3,063,097 * * * *
Gas Transmission and Storage 576,409
Electric -
Exploration and Production -
Merchant Operations -
Other 44,329
---------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 3,683,835
Cost of Sales 1,688,658
---------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 1,995,177
---------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 955,592
Depreciation, depletion and amortization 226,210
Other taxes 179,171
Loss on asset impairment 89,200
---------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 1,450,173
---------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 545,004
---------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (170,071)
Minority interest (38)
Dividend requirements on preferred stock of subsidiaries -
Other, net 14,308
---------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (155,801)
---------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 389,203
INCOME TAXES 152,718
---------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 236,485
---------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations (50,602)
Change in Accounting - net of taxes 4,018
Subsidiary Earnings -
---------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 189,901
=================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
125
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2 (3 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2 Page 3
Year Ended December 31, ($ in thousands) NCM NCT NCS NDEV NET NFC Total
------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * - * * * *
Gas Transmission and Storage -
Electric -
Exploration and Production -
Merchant Operations -
Other 339,527
-----------------------------------------------------------------------------------------------------------------------------
Gross Revenues 339,527
Cost of Sales -
-----------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 339,527
-----------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 315,638
Depreciation, depletion and amortization 8,288
Other taxes 8,129
Loss on asset impairment -
-----------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 332,055
-----------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 7,472
-----------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (6,000)
Minority interest -
Dividend requirements on preferred stock of subsidiaries -
Other, net (976)
-----------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (6,976)
-----------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 496
INCOME TAXES 496
-----------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS -
-----------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations -
Change in Accounting - net of taxes -
Subsidiary Earnings -
-----------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) -
=============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
126
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2 (4 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2 Page 4
Year Ended December 31, ($ in thousands) NPG NIFL NIP PEI SMP Total
-------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * 851,539 * * *
Gas Transmission and Storage -
Electric 1,013,339
Exploration and Production -
Merchant Operations 851,848
Other 3,321
-------------------------------------------------------------------------------------------------------------------
Gross Revenues 2,720,047
Cost of Sales 1,645,056
-------------------------------------------------------------------------------------------------------------------
Total Net Revenues 1,074,991
-------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 336,317
Depreciation, depletion and amortization 248,497
Other taxes 80,641
Loss on asset impairment -
-------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 665,455
-------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 409,536
-------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (75,848)
Minority interest -
Dividend requirements on preferred stock of subsidiaries -
Other, net (8,265)
-------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (84,113)
-------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 325,423
INCOME TAXES 117,859
-------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 207,564
-------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations -
Change in Accounting - net of taxes -
Subsidiary Earnings -
-------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 207,564
===================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
127
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2A (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
BAY STATE GAS COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2A
Year Ended December 31, ($ in thousands) BSG BSGPE NU Combined Entries Total
---------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution 416,954 * 104,076 * * *
Gas Transmission and Storage - -
Electric - -
Exploration and Production - -
Merchant Operations 800 -
Other 854 930
---------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 418,608 105,006
Cost of Sales 254,467 66,009
---------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 164,141 38,997
---------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 78,453 16,336
Depreciation, depletion and amortization 36,983 8,571
Other taxes 11,160 3,210
Loss on asset impairment - -
---------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 126,596 28,117
---------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 37,545 10,880
---------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (15,867) (5,401)
Minority interest - -
Dividend requirements on preferred stock of subsidiaries - -
Other, net 1,626 456
---------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (14,241) (4,945)
---------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 23,304 5,935
INCOME TAXES 8,535 3,372
---------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 14,769 2,563
---------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations - -
Change in Accounting - net of taxes - -
Subsidiary Earnings 2,534 -
---------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 17,303 2,563
=================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
128
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2B (1 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2B F-2B F-2B F-2B Consolidating F-2B
Year Ended December 31, ($ in thousands) Page 2 Page 3 Page 4 Page 5 Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * * 3,063,097
Gas Transmission and Storage 576,409
Electric -
Exploration and Production -
Merchant Operations -
Other 44,329
----------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 3,683,835
Cost of Sales 1,688,658
----------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 1,995,177
----------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 955,592
Depreciation, depletion and amortization 226,210
Other taxes 179,171
Loss on asset impairment 89,200
----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 1,450,173
----------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 545,004
----------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (170,071)
Minority interest (38)
Dividend requirements on preferred stock of subsidiaries -
Other, net 14,308
----------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (155,801)
----------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 389,203
INCOME TAXES 152,718
----------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 236,485
----------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations (50,602)
Change in Accounting - net of taxes 4,018
Subsidiary Earnings -
----------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 189,901
==================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
129
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2B (2 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2B Page 2
Year Ended December 31, ($ in thousands) CG CAT CCC CER CES Total
-------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
-------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
-------------------------------------------------------------------------------------------------------------------
Total Net Revenues
-------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
-------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
-------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
-------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
-------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
-------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
-------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
-------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
-------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
===================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
130
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2B (3 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2B Page 3
Year Ended December 31, ($ in thousands) CFC CKY CMD COH CPA CGV Total
--------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * 226,716 61,283 1,654,804 551,170 300,315 *
Gas Transmission and Storage - - - - -
Electric - - - - -
Exploration and Production - - - - -
Merchant Operations - - - - -
Other 715 132 (18,092) 2,378 3,798
--------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 227,431 61,415 1,636,712 553,548 304,113
Cost of Sales 164,767 41,569 1,132,999 367,751 205,395
--------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 62,664 19,846 503,713 185,797 98,718
--------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 29,267 8,956 246,972 100,346 75,459
Depreciation, depletion and amortization 8,484 2,383 12,701 16,927 13,665
Other taxes 1,988 2,186 93,706 7,462 5,297
Loss on asset impairment - - - - -
--------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 39,739 13,525 353,379 124,735 94,421
--------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 22,925 6,321 150,334 61,062 4,297
--------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (7,042) (1,705) (32,408) (23,858) (11,360)
Minority interest - - - - -
Dividend requirements on preferred stock
of subsidiaries - - - - -
Other, net 860 179 (8,281) 2,258 538
--------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (6,182) (1,526) (40,689) (21,600) (10,822)
--------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 16,743 4,795 109,645 39,462 (6,525)
INCOME TAXES 6,899 1,767 36,728 15,737 (2,773)
--------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 9,844 3,028 72,917 23,725 (3,752)
--------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations - - - - -
Change in Accounting - net of taxes (284) (162) - (2,258) -
Subsidiary Earnings - - - - -
--------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 9,560 2,866 72,917 21,467 (3,752)
================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
131
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2B (4 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2B Page 4
Year Ended December 31, ($ in thousands) TCO CGT CICL CLNG CNS CPL Total
-----------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution - 436 * * * * *
Gas Transmission and Storage 700,341 146,387
Electric - -
Exploration and Production - -
Merchant Operations - -
Other 18,125 3,975
-----------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 718,466 150,798
Cost of Sales - -
-----------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 718,466 150,798
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 282,711 64,148
Depreciation, depletion and amortization 85,844 22,751
Other taxes 43,275 8,572
Loss on asset impairment - -
-----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 411,830 95,471
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 306,636 55,327
-----------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (39,759) (6,151)
Minority interest - -
Dividend requirements on preferred stock of subsidiaries - -
Other, net 2,744 (64)
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (37,015) (6,215)
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 269,621 49,112
INCOME TAXES 106,137 19,045
-----------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 163,484 30,067
-----------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations - -
Change in Accounting - net of taxes - -
Subsidiary Earnings - -
-----------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 163,484 30,067
===================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
132
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2B (5 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2B Page 5
Year Ended December 31, ($ in thousands) CRC CSP CTC Total
------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
------------------------------------------------------------------------------------------------------
Total Net Revenues
------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
------------------------------------------------------------------------------------------------------
Total Operating Expenses
------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
======================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
133
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2C (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2C
Year Ended December 31, ($ in thousands) CCC TGT Combined Entries Total
--------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
--------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
--------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
--------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
--------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
--------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
--------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
--------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
--------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
--------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
--------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
--------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
==========================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
134
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2D (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2D Consolidating F-2D
Year Ended December 31, ($ in thousands) Page 2 CER AD Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
------------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
==============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
135
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2D (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2D Page 2
Year Ended December 31, ($ in thousands) CNR CNRCL HH Total
--------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
--------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
--------------------------------------------------------------------------------------------------------
Total Net Revenues
--------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
--------------------------------------------------------------------------------------------------------
Total Operating Expenses
--------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
--------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
--------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
--------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
--------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
--------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
--------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
========================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
136
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2E (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA FINANCE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2E
Year Ended December 31, ($ in thousands) CFC CAR Combined Entries Total
--------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
--------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
--------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
--------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
--------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
--------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
--------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
--------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
--------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
--------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
--------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
--------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
==========================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
137
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2F (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA NETWORK SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2F
Year Ended December 31, ($ in thousands) CNS CMC Combined Entries Total
----------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
----------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
----------------------------------------------------------------------------------------------------------------------
Total Net Revenues
----------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
----------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
----------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
----------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
----------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
----------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
----------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
----------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
----------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
======================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
138
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2G (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA PIPELINE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2G
Year Ended December 31, ($ in thousands) CPL CDW Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
-------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
-------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
-------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
-------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
-------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
-------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
-------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
-------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
-------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
-------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
-------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
=========================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
139
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2H (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA SERVICE PARTNERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2H
Year Ended December 31, ($ in thousands) CSP CAA Combined Entries Total
----------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
----------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
----------------------------------------------------------------------------------------------------------------------
Total Net Revenues
----------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
----------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
----------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
----------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
----------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
----------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
----------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
----------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
----------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
======================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
140
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2I (1 of 3)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2I F-2I Consolidating F-2I
Year Ended December 31, ($ in thousands) Page 2 Page 3 EUII Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
-------------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
-------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
-------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
-------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
-------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
-------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
-------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
-------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
-------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
-------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary earnings
-------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
===============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
141
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2I (2 of 3)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2I Page 2
Year Ended December 31, ($ in thousands) EUIM TPC NEML NEST MS1 Total
---------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
---------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
---------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
---------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
---------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
---------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
---------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
---------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
---------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
---------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
---------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary earnings
---------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
===========================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
142
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2I (3 of 3)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2I Page 3
Year Ended December 31, ($ in thousands) NIFC NITEX NGS EUC EUR Total
------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary earnings
------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
========================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
143
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2J (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA, INC. (MA) AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2J
Year Ended December 31, ($ in thousands) EUIM ESPE EUIC Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
-------------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
-------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
-------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
-------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
-------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
-------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
-------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
-------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
-------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
-------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary earnings
-------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
===============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
144
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2K (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2K Consolidating F-2K
Year Ended December 31, ($ in thousands) Page 2 EUIC BES Combined Entries Total
--------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
--------------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
--------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
--------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
--------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
--------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
--------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
--------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
--------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
--------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
--------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary earnings
--------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
145
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2K (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2K Page 2
Year Ended December 31, ($ in thousands) EUE EUM Total
---------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
---------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
---------------------------------------------------------------------------------------------------------
Total Net Revenues
---------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
---------------------------------------------------------------------------------------------------------
Total Operating Expenses
---------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
---------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
---------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
---------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
---------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
---------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary earnings
---------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
=========================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
146
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2L (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
ENERGY USA -- TPC CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2L
Year Ended December 31, ($ in thousands) TPC EUA Combined Entries Total
----------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
----------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
----------------------------------------------------------------------------------------------------------------------
Total Net Revenues
----------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
----------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
----------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
----------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
----------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
----------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
----------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
----------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary earnings
----------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
======================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
147
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2M (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
KOKOMO GAS AND FUEL COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2M
Year Ended December 31, ($ in thousands) KOKO KGF Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution 54,568 * * * *
Gas Transmission and Storage --
Electric --
Exploration and Production --
Merchant Operations --
Other --
-----------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 54,568
Cost of Sales 42,780
-----------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 11,788
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 6,143
Depreciation, depletion and amortization 2,241
Other taxes 1,016
Loss on asset impairment --
-----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 9,400
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 2,388
-----------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (340)
Minority interest --
Dividend requirements on preferred stock of subsidiaries --
Other, net (13)
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (353)
-----------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 2,035
INCOME TAXES 1,086
-----------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 949
-----------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations --
Change in Accounting - net of taxes --
-----------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 949
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
148
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2N (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2N Consolidating F-2N
Year Ended December 31, ($ in thousands) Page 2 NESI CROSS Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * 5,042 * * *
Gas Transmission and Storage --
Electric 8
Exploration and Production --
Merchant Operations --
Other --
-------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 5,050
Cost of Sales 800
-------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 4,250
-------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 1,977
Depreciation, depletion and amortization 838
Other taxes (577)
Loss on asset impairment --
-------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 2,238
-------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 2,012
-------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (2,306)
Minority interest --
Dividend requirements on preferred stock of subsidiaries --
Other, net --
-------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (2,306)
-------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES (294)
INCOME TAXES (395)
-------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 101
-------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations --
Change in Accounting - net of taxes --
Subsidiary earnings --
-------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 101
===============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
149
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2N (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2N Page 2
Year Ended December 31, ($ in thousands) GREEN NPM NESCL Total
------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
------------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary earnings
------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
150
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2O (1 of 3)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2O F-2O Consolidating F-2O
Year Ended December 31, ($ in thousands) Page 2 Page 3 NDEV ASL Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
----------------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
----------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
----------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
----------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
----------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred
stock of subsidiaries
Other, net
----------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
----------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
----------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
----------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
----------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
151
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2O (2 of 3)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2O Page 2
Year Ended December 31, ($ in thousands) CARD CIS JOF KOGF LEL Total
--------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
--------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
--------------------------------------------------------------------------------------------------------------------
Total Net Revenues
--------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
--------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
--------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
--------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
--------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
--------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
--------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
--------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
--------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
====================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
152
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2O (3 of 3)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2O Page 3
Year Ended December 31, ($ in thousands) NDC PRO PRI SWP Total
-----------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
-----------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
-----------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
-----------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
-----------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
-----------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
-----------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
-----------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
-----------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
-----------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
-----------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
-----------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
=============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
153
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2P (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
LAKE ERIE LAND COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2P
Year Ended December 31, ($ in thousands) LEL SCC Combined Entries Total
--------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
--------------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
--------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
--------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
--------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
--------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
--------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
--------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
--------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
--------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
--------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
--------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
154
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2Q (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE PIPELINE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2Q
Year Ended December 31, ($ in thousands) NPG GSGT PNTGS Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
-----------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
-----------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
-----------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
-----------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
-----------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
-----------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
-----------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
-----------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
-----------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
-----------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
-----------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
=============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
155
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2R (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
GRANITE STATE GAS TRANSMISSION, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
GSGT Consolidating F-2R
Year Ended December 31, ($ in thousands) GSGT BSEE NGD Subtotal Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution 82,653 * * * * *
Gas Transmission and Storage --
Electric --
Exploration and Production --
Merchant Operations --
Other --
-----------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 82,653
Cost of Sales 79,665
-----------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 2,988
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 2,167
Depreciation, depletion and amortization 729
Other taxes 222
Loss on asset impairment --
-----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 3,118
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) (130)
-----------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (1,284)
Minority interest --
Dividend requirements on preferred stock of subsidiaries --
Other, net 169
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (1,115)
-----------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES (1,245)
INCOME TAXES (1,192)
-----------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS (53)
-----------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations --
Change in Accounting - net of taxes --
Subsidiary Earnings (5,787)
-----------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) (5,840)
===================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
156
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2S (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2S
Year Ended December 31, ($ in thousands) NIFL NITC Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution 63,408 * * * *
Gas Transmission and Storage --
Electric --
Exploration and Production --
Merchant Operations --
Other --
----------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 63,408
Cost of Sales 49,561
----------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 13,847
----------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 8,184
Depreciation, depletion and amortization 1,883
Other taxes 881
Loss on asset impairment --
----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 10,948
----------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 2,899
----------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (132)
Minority interest --
Dividend requirements on preferred stock of subsidiaries --
Other, net 93
----------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (39)
----------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 2,860
INCOME TAXES 1,140
----------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 1,720
----------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations --
Change in Accounting - net of taxes --
Subsidiary Earnings 606
----------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 2,326
==================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
157
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2T (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA PUBLIC SERVICE COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2T
Year Ended December 31, ($ in thousands) NIP NEXCO Combined Entries Total
--------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution 851,539 * * * 851,539
Gas Transmission and Storage -- --
Electric 1,063,042 1,013,339
Exploration and Production -- --
Merchant Operations -- 851,848
Other -- 3,321
--------------------------------------------------------------------------------------------------------------------------------
Gross Revenues 1,914,581 2,720,047
Cost of Sales 854,435 1,645,056
--------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues 1,060,146 1,074,991
--------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance 333,408 336,317
Depreciation, depletion and amortization 248,497 248,497
Other taxes 80,641 80,641
Loss on asset impairment -- --
--------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 662,546 665,455
--------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS) 397,600 409,536
--------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net (75,848) (75,848)
Minority interest -- --
Dividend requirements on preferred
stock of subsidiaries -- --
Other, net 4,753 (8,265)
--------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions) (71,095) (84,113)
--------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 326,505 325,423
INCOME TAXES 118,941 117,859
--------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 207,564 207,564
--------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations -- --
Change in Accounting - net of taxes -- --
--------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS) 207,564 207,564
================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
158
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2U (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2U Consolidating F-2U
Year Ended December 31, ($ in thousands) Page 2 PEI CEI Combined Entries Total
--------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
--------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
--------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
--------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
--------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
--------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
--------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
--------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
--------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
--------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
--------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
--------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
==========================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
159
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2U (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
F-2U Page 2
Year Ended December 31, ($ in thousands) HCC IEL LEC NLEC PORT WCE Total
----------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
----------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
----------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
----------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
----------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
----------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
----------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
----------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
----------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
----------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
----------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
----------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
160
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-2V (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
SM&P UTILITY RESOURCES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME
(Not covered by Report of Independent Public Accountants)
Consolidating F-2V
Year Ended December 31, ($ in thousands) SMP CI Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------
NET REVENUES
Gas Distribution * * * * *
Gas Transmission and Storage
Electric
Exploration and Production
Merchant Operations
Other
------------------------------------------------------------------------------------------------------------------------------
Gross Revenues
Cost of Sales
------------------------------------------------------------------------------------------------------------------------------
Total Net Revenues
------------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
Operation and maintenance
Depreciation, depletion and amortization
Other taxes
Loss on asset impairment
------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
------------------------------------------------------------------------------------------------------------------------------
OPERATING INCOME (LOSS)
------------------------------------------------------------------------------------------------------------------------------
OTHER INCOME (DEDUCTIONS)
Interest expense, net
Minority interest
Dividend requirements on preferred stock of subsidiaries
Other, net
------------------------------------------------------------------------------------------------------------------------------
Total Other Income (Deductions)
------------------------------------------------------------------------------------------------------------------------------
INCOME (LOSS) FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
INCOME TAXES
------------------------------------------------------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
------------------------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations
Change in Accounting - net of taxes
Subsidiary Earnings
------------------------------------------------------------------------------------------------------------------------------
NET INCOME (LOSS)
==============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
161
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3 (1 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3 F-3 F-3 Consolidating F-3
Year Ended December 31, 2001 ($ in thousands) Page 2 Page 3 Page 4 Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * * 2,064
Common stock issued -
Long-term incentive plan 11
Employee Stock Purchase Plan 1
------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 2,075
------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 2,584,359
Common stock issued -
Employee Stock Purchase Plan 1,300
Long-term incentive plan 27,059
Recapitalization -
Capital contributions 201
Other (1,900)
------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 2,611,019
------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year 822,055
Net income (loss) 216,214
Cash dividends -
NI (239,693)
Subsidiaries (to parent) --
Other --
------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 798,576
------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year (6,100)
Long-term Incentive Plan (18,000)
Amortization of Unearned Compensation 30,000
------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 5,900
------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year 4,442
Other Comprehensive Income, net of tax
Unrealized (3,200)
Realized 800
Gain/Loss on foreign currency translation
Unrealized (1,121)
Net unrealized gains on derivatives qualifying
as cash flow hedges 50,949
------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 51,870
-------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 3,469,440
==============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
162
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3 (2 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3 Page 2
Year Ended December 31, 2001 ($ in thousands) NI BSG CG EUII KOKO NESI Total
----------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * -- * * * *
Common stock issued -
Long-term incentive plan --
Employee Stock Purchase Plan --
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year --
----------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 1,910,272
Common stock issued -
Employee Stock Purchase Plan --
Long-term incentive plan (135)
Recapitalization -
Capital contributions 768
Other --
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year 1,910,905
----------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year 128,817
Net income (loss) 189,901
Cash dividends -
NI --
Subsidiaries (to parent) (300)
Other (103,570)
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year 214,848
----------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year --
Long-term Incentive Plan --
Amortization of Unearned Compensation --
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year --
----------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year (370)
Other Comprehensive Income, net of tax
Unrealized --
Realized --
Gain/Loss on foreign currency translation
Unrealized (575)
Net unrealized gains on derivatives qualifying
as cash flow hedges 52,368
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year 51,423
----------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 2,177,174
============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
163
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3 (3 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3 Page 3
Year Ended December 31, 2001 ($ in thousands) NCM NCT NCS NDEV NET NFC Total
----------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * 400 * * * *
Common stock issued -
Long-term incentive plan --
Employee Stock Purchase Plan --
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year 400
----------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year --
Common stock issued -
Employee Stock Purchase Plan --
Long-term incentive plan --
Recapitalization -
Capital contributions --
Other --
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year --
----------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year --
Net income (loss) --
Cash dividends -
NI --
Subsidiaries (to parent) --
Other --
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year --
----------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year --
Long-term Incentive Plan --
Amortization of Unearned Compensation --
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year --
----------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year --
Other Comprehensive Income, net of tax
Unrealized --
Realized --
Gain/Loss on foreign currency translation
Unrealized --
Net unrealized gains on derivatives qualifying
as cash flow hedges --
----------------------------------------------------------------------------------------------------------------------------
Balance at end of year --
----------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 400
============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
164
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3 (4 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3 Page 4
Year Ended December 31, 2001 ($ in thousands) NPG NIFL NIP PEI SMP Total
----------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * 859,488 * * *
Common stock issued -
Long-term incentive plan --
Employee Stock Purchase Plan --
----------------------------------------------------------------------------------------------------------------------
Balance at end of year 859,488
----------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 12,525
Common stock issued -
Employee Stock Purchase Plan --
Long-term incentive plan --
Recapitalization -
Capital contributions 6,573
Other --
----------------------------------------------------------------------------------------------------------------------
Balance at end of year 19,098
----------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year 186,829
Net income (loss) 207,564
Cash dividends -
NI
Subsidiaries (to parent) (233,943)
Other --
----------------------------------------------------------------------------------------------------------------------
Balance at end of year 160,450
----------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year --
Long-term Incentive Plan --
Amortization of Unearned Compensation --
----------------------------------------------------------------------------------------------------------------------
Balance at end of year --
----------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year --
Other Comprehensive Income, net of tax
Unrealized --
Realized --
Gain/Loss on foreign currency translation
Unrealized --
Net unrealized gains on derivatives qualifying
as cash flow hedges (2,722)
----------------------------------------------------------------------------------------------------------------------
Balance at end of year (2,722)
----------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 1,036,314
======================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
165
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3A (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
BAY STATE GAS COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3A
Year Ended December 31, 2001 ($ in thousands) BSG BSGPE NU Combined Entries Total
-------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year -- * 1 * * *
Common stock issued -
Long-term incentive plan -- --
Employee Stock Purchase Plan -- --
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -- 1
-------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 523,772 109,062
Common stock issued -
Employee Stock Purchase Plan -- --
Long-term incentive plan -- --
Recapitalization -
Capital contributions 209 31
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 523,981 109,093
-------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year 5,096 (562)
Net income (loss) 17,303 2,563
Cash dividends -
NI -- --
Subsidiaries (to NI) (12,000) --
Other -- --
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 10,399 2,001
-------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year -- --
Long-term Incentive Plan -- --
Amortization of Unearned Compensation -- --
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -- --
-------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year -- --
Other Comprehensive Income, net of tax
Unrealized -- --
Realized -- --
Gain/Loss on foreign currency translation
Unrealized -- --
Net unrealized gains on derivatives qualifying
as cash flow hedges -- --
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -- --
-------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 534,381 111,095 1 -- 1
===============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
166
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3B (1 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3B F-3B F-3B F-3B Consolidating F-3B
Year Ended December 31, 2001 ($ in thousands) Page 2 Page 3 Page 4 Page 5 Combined Entries Total
---------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * * * --
Common stock issued --
Long-term incentive plan --
Employee Stock Purchase Plan --
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year --
---------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 1,910,272
Common stock issued --
Employee Stock Purchase Plan --
Long-term incentive plan (135)
Recapitalization -
Capital contributions 768
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 1,910,905
---------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year 128,817
Net income (loss) 189,901
Cash dividends -
NI --
Subsidiaries (to parent) (300)
Other (103,570)
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 214,848
---------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year --
Long-term Incentive Plan --
Amortization of Unearned Compensation --
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year --
---------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year (370)
Other Comprehensive Income, net of tax
Unrealized --
Realized --
Gain/Loss on foreign currency translation
Unrealized (575)
Net unrealized gains on derivatives
qualifying as cash flow hedges 52,368
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 51,423
---------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 2,177,174
=================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
167
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3B (2 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3B Page 2
Year Ended December 31, 2001 ($ in thousands) CG CAT CCC CER CES Total
------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued
Long-term incentive plan
Employee Stock Purchase Plan
------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to parent)
Other
------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
==================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
168
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3B (3 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3B Page 3
Year Ended December 31, 2001 ($ in thousands) CFC CKY CMD COH CPA CGV Total
-----------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * 23,806 72 119,240 45,128 65,305 *
Common stock issued - -- -- -- -- --
Long-term incentive plan -- -- -- -- --
Employee Stock Purchase Plan -- -- -- -- --
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 23,806 72 119,240 45,128 65,305
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 174 10,020 -- -- 2,969
Common stock issued - -- -- -- -- --
Employee Stock Purchase Plan -- -- -- -- --
Long-term incentive plan -- -- -- -- --
Recapitalization -
Capital contributions 2,986 903 11,316 3,479 2,345
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 3,160 10,923 11,316 3,479 5,314
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year 59,148 14,460 249,143 140,862 104,669
Net income (loss) 9,560 2,866 72,917 21,467 (3,752)
Cash dividends -
NI -- -- -- -- --
Subsidiaries (to parent) (15,626) (1,140) (80,081) (16,481) (5,982)
Other -- -- -- -- --
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 53,082 16,186 241,979 145,848 94,935
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year -- -- -- -- --
Long-term Incentive Plan -- -- -- -- --
Amortization of Unearned Compensation -- -- -- -- --
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -- -- -- -- --
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year -- -- -- -- --
Other Comprehensive Income, net of tax
Unrealized -- -- -- -- --
Realized -- -- -- -- --
Gain/Loss on foreign currency translation
Unrealized -- -- -- -- --
Net unrealized gains on derivatives qualifying
as cash flow hedges -- -- -- -- --
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -- -- -- -- --
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 80,048 27,181 372,535 194,455 165,554
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
169
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3B (4 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3B Page 4
Year Ended December 31, 2001 ($ in thousands) TCO CGT CICL CLNG CNS CPL Total
----------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year 48 20 * * * * *
Common stock issued - -- --
Long-term incentive plan -- --
Employee Stock Purchase Plan -- --
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 48 20
----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 987,456 106,554
Common stock issued - -- --
Employee Stock Purchase Plan -- --
Long-term incentive plan -- --
Recapitalization -
Capital contributions 39,584 10,681
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 1,027,040 117,235
----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year 41,900 1,981
Net income (loss) 163,484 30,067
Cash dividends -
NI -- --
Subsidiaries (to parent) (144,175) (25,089)
Other -- --
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 61,209 6,959
----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year -- --
Long-term Incentive Plan -- --
Amortization of Unearned Compensation -- --
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -- --
----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year -- --
Other Comprehensive Income, net of tax
Unrealized -- --
Realized -- --
Gain/Loss on foreign currency translation
Unrealized -- --
Net unrealized gains on derivatives
qualifying as cash flow hedges -- --
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -- --
----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 1,088,297 124,214
==================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
170
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3B (5 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3B Page 5
Year Ended December 31, 2001 ($ in thousands) CRC CSP CTC Total
-------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
-------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
-------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to parent)
Other
-------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
-------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
-------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY --
===================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
171
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3C (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3C
Year Ended December 31, 2001 ($ in thousands) CCC TGT Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
172
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3D (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3D Consolidating F-3D
Year Ended December 31, 2001 ($ in thousands) Page 2 CER AD Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
173
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3D (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3D Page 2
Year Ended December 31, 2001 ($ in thousands) CNR CNRCL HH Total
------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
174
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3E (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA FINANCE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3E
Year Ended December 31, 2001 ($ in thousands) CFC CAR Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
175
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3F (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA NET WORK SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3F
Year Ended December 31, 2001 ($ in thousands) CNS CMC Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
176
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3G (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA PIPELINE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3G
Year Ended December 31, 2001 ($ in thousands) CPL CDW Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
177
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3H (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA SERVICE PARTNERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3H
Year Ended December 31, 2001 ($ in thousands) CSP CAA Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * *
Common stock issued
Long-term incentive plan
Employee Stock Purchase Plan
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
178
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3I (1 of 3)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3I F-3I Consolidating F-3I
Year Ended December 31, 2001 ($ in thousands) Page 2 Page 3 EUII Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
179
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3I (2 of 3)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3I Page 2
Year Ended December 31, 2001 ($ in thousands) EUIM TPC NEML NEST MS1 Total
------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
180
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3I (3 of 3)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3I Page 3
Year Ended December 31, 2001 ($ in thousands) NIFC NITEX NGS EUC EUR Total
-----------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
181
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3J (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. (MA) AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3J
Year Ended December 31, 2001 ($ in thousands) EUIM ESPE EUIC Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
182
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3K (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3K Consolidating F-3K
Year Ended December 31, 2001 ($ in thousands) Page 2 EUIC BES Combined Entries Total
------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
------------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
------------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
====================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
183
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3K (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3K Page 2
Year Ended December 31, 2001 ($ in thousands) EUE EUM Total
-----------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK
Balance at beginning of year * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
184
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3L (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA-TPC CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3L
Year Ended December 31, 2001 ($ in thousands) TPC EUA Combined Entries Total
==================================================================================================================================
COMMON STOCK
Balance at beginning of year * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
185
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3M (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
KOKOMO GAS AND FUEL COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3M
Year Ended December 31, 2001 ($ in thousands) KOKO KGF Combined Entries Consolidated
===================================================================================================================================
COMMON STOCK
Balance at beginning of year 46,170 * * * *
Common stock issued -
Long-term incentive plan -
Employee Stock Purchase Plan -
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 46,170
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year -
Common stock issued -
Employee Stock Purchase Plan -
Long-term incentive plan -
Recapitalization -
Capital contributions 30
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 30
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year (10,331)
Net income (loss) 949
Cash dividends -
NI -
Subsidiaries (to NI) (2,400)
Other -
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year (11,782)
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year -
Long-term Incentive Plan -
Amortization of Unearned Compensation -
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year -
Other Comprehensive Income, net of tax
Unrealized -
Realized -
Gain/Loss on foreign currency translation
Unrealized -
Net unrealized gains on derivatives qualifying
as cash flow hedges -
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 34,418
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
186
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3N (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3N Consolidating F-3N
Year Ended December 31, 2001 ($ in thousands) Page 2 NESI CROSS Combined Entries Total
==================================================================================================================================
COMMON STOCK
Balance at beginning of year * * 1 * * *
Common stock issued -
Long-term incentive plan -
Employee Stock Purchase Plan -
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 1
----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year -
Common stock issued -
Employee Stock Purchase Plan -
Long-term incentive plan -
Recapitalization -
Capital contributions -
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -
----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year (8,798)
Net income (loss) 101
Cash dividends -
NI -
Subsidiaries (to NI) -
Other -
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year (8,697)
----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year -
Long-term Incentive Plan -
Amortization of Unearned Compensation -
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -
----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year -
Other Comprehensive Income, net of tax
Unrealized -
Realized -
Gain/Loss on foreign currency translation
Unrealized -
Net unrealized gains on derivatives qualifying
as cash flow hedges -
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -
----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY (8,696)
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
187
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3N (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3N Page 2
Year Ended December 31, 2001 ($ in thousands) GREEN NPM NESCL Total
=================================================================================================================================
COMMON STOCK
Balance at beginning of year * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
=================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
188
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3O (1 of 3)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3O F-3O Consolidating F-3O
Year Ended December 31, 2001 ($ in thousands) Page 2 Page 3 NDEV ASL Combined Entries Total
==================================================================================================================================
COMMON STOCK
Balance at beginning of year * * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
189
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3O (2 of 3)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3O Page 2
Year Ended December 31, 2001 ($ in thousands) CARD CIS JOF KOGAF LEL Total
==================================================================================================================================
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
190
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3O (3 of 3)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3O Page 3
Year Ended December 31, 2001 ($ in thousands) NDC PRO PRI SWP WRI Total
==================================================================================================================================
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
191
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3P (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
LAKE ERIE LAND COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3P
Year Ended December 31, 2001 ($ in thousands) LEL SCC Combined Entries Total
===============================================================================================================================
COMMON STOCK
Balance at beginning of year * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
-------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
===============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
192
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3Q (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE PIPELINE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3Q
Year Ended December 31, 2001 ($ in thousands) NPG GSGT PNGTS Combined Entries Total
==================================================================================================================================
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization/Dissolution -
Capital contributions
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
193
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3R (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
GRANITE STATE GAS TRANSMISSION, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3R
Year Ended December 31, 2001 ($ in thousands) GSGT BSEE NGD Combined Entries Total
===================================================================================================================================
COMMON STOCK
Balance at beginning of year 30 * * * * *
Common stock issued -
Long-term incentive plan -
Employee Stock Purchase Plan -
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 30
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 15,300
Common stock issued -
Employee Stock Purchase Plan -
Long-term incentive plan -
Recapitalization/Dissolution -
Capital contributions 2
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 15,302
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year (623)
Net income (loss) (5,840)
Cash dividends -
NI -
Subsidiaries (to NI) -
Other -
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year (6,463)
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year -
Long-term Incentive Plan -
Amortization of Unearned Compensation -
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year -
Other Comprehensive Income, net of tax
Unrealized -
Realized -
Gain/Loss on foreign currency translation
Unrealized -
Net unrealized gains on derivatives qualifying
as cash flow hedges -
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 8,869
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
194
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3S (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3S
Year Ended December 31, 2001 ($ in thousands) NIFL NITC Combined Entries Total
=================================================================================================================================
COMMON STOCK
Balance at beginning of year 30,674 * * * *
Common stock issued -
Long-term incentive plan -
Employee Stock Purchase Plan -
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 30,674
---------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 71
Common stock issued -
Employee Stock Purchase Plan -
Long-term incentive plan -
Recapitalization -
Capital contributions -
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 71
---------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year 12,319
Net income (loss) 2,326
Cash dividends -
NI -
Subsidiaries (to NI) -
Other -
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 14,645
---------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year -
Long-term Incentive Plan -
Amortization of Unearned Compensation -
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -
---------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year -
Other Comprehensive Income, net of tax
Unrealized -
Realized -
Gain/Loss on foreign currency translation
Unrealized -
Net unrealized gains on derivatives qualifying
as cash flow hedges -
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year -
---------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 45,390
=================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
195
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3T (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA PUBLIC SERVICE COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3T
Year Ended December 31, 2001 ($ in thousands) NIP NEXCO Combined Entries Total
=================================================================================================================================
COMMON STOCK
Balance at beginning of year 859,561 * * * 859,488
Common stock issued -
Long-term incentive plan (73) -
Employee Stock Purchase Plan - -
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 859,488 859,488
---------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year 12,545 12,525
Common stock issued -
Employee Stock Purchase Plan - -
Long-term incentive plan - -
Recapitalization -
Capital contributions 6,573 6,573
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 19,118 19,098
---------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year 186,810 186,830
Net income (loss) 207,564 207,564
Cash dividends -
NI (233,943) (233,943)
Subsidiaries (to NI) - -
Other - -
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year 160,431 160,451
---------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year - -
Long-term Incentive Plan - -
Amortization of Unearned Compensation - -
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year - -
---------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year - -
Other Comprehensive Income, net of tax
Unrealized - -
Realized - -
Gain/Loss on foreign currency translation
Unrealized - -
Net unrealized gains on derivatives qualifying
as cash flow hedges (2,723) (2,723)
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year (2,723) (2,723)
---------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY 1,036,314 1,036,314
=================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
196
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3U (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3U Consolidating F-3U
Year Ended December 31, 2001 ($ in thousands) Page 2 PEI CEI Combined Entries Consolidated
===================================================================================================================================
COMMON STOCK
Balance at beginning of year * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
-----------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
197
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3U (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
F-3U Page 2
Year Ended December 31, 2001 ($ in thousands) HCC IEL LEC NLEC PORT WCE Total
=================================================================================================================================
COMMON STOCK
Balance at beginning of year * * * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
---------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
---------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
=================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
198
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-3V (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
SM&P UTILITY RESOURCES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF COMMON STOCK EQUITY
(Not covered by Report of Independent Public Accountants)
Consolidating F-3V
Year Ended December 31, 2001 ($ in thousands) SMP CI Combined Entries Total
================================================================================================================================
COMMON STOCK
Balance at beginning of year * * * * *
Common stock issued -
Long-term incentive plan
Employee Stock Purchase Plan
--------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
--------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL PAID IN CAPITAL
Balance at beginning of year
Common stock issued -
Employee Stock Purchase Plan
Long-term incentive plan
Recapitalization -
Capital contributions
--------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
--------------------------------------------------------------------------------------------------------------------------------
RETAINED EARNINGS
Balance at beginning of year
Net income (loss)
Cash dividends -
NI
Subsidiaries (to NI)
Other
--------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
--------------------------------------------------------------------------------------------------------------------------------
OTHER
Balance at beginning of year
Long-term Incentive Plan
Amortization of Unearned Compensation
--------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
--------------------------------------------------------------------------------------------------------------------------------
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at beginning of year
Other Comprehensive Income, net of tax
Unrealized
Realized
Gain/Loss on foreign currency translation
Unrealized
Net unrealized gains on derivatives qualifying
as cash flow hedges
--------------------------------------------------------------------------------------------------------------------------------
Balance at end of year
--------------------------------------------------------------------------------------------------------------------------------
TOTAL COMMON STOCK EQUITY
================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
199
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4 (1 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4 F-4 F-4 Consolidating F-4
Year Ended December 31, ($ in thousands) Page 2 Page 3 Page 4 Combined Entries Total
==================================================================================================================================
OPERATING ACTIVITIES
Net income * * * * * 216,214
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 641,671
Net changes in price risk management activities (42,000)
Asset impairment 9,200
Deferred income taxes and investment tax credits (43,100)
Deferred revenue (425,100)
Amortization of unearned compensation 30,000
Gain on sale of assets (11,000)
Income from change in accounting (4,000)
Income from discontinued operations (100)
Other, net (24,500)
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net 552,500
Inventories (73,300)
Accounts payable (495,500)
Taxes accrued 142,100
(Under) Overrecovered gas and fuel costs 312,300
Exchange gas receivable/payable 355,800
Other accruals 156,796
Other working capital (255,400)
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 1,042,581
Net Cash from Discontinued Operations -
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 1,042,581
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (668,100)
Acquisition of businesses -
Proceeds from disposition of assets 227,900
Other investing activities, net (7,000)
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (447,200)
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt 300,000
Retirement of long-term debt (93,000)
Change in short-term debt (642,500)
Retirement of preferred shares (1,100)
Proceeds from Corporate Premium Income Equity Securities,
net -
Issuance of common stock 15,100
Acquisition of treasury stock -
Dividends paid - common shares (239,000)
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (660,500)
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents (65,119)
Cash and cash equivalents at beginning of year 193,000
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 127,881
==================================================================================================================================
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION
Cash paid for interest, net of amounts capitalized 518,000
Cash paid for income taxes 250,200
----------------------------------------------------------------------------------------------------------------------------------
*CONFIDENTIAL TREATMENT REQUESTED
200
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4 (2 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4 Page 2
Year Ended December 31, ($ in thousands) NI BSG CG EUII KOKO NESI Total
===================================================================================================================================
OPERATING ACTIVITIES
Net income * * 189,901 * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 226,210
Net changes in price risk management activities -
Asset impairment 89,200
Deferred income taxes and investment tax credits (51,100)
Deferred revenue (362,500)
Amortization of unearned compensation -
Gain on sale of assets -
Income from change in accounting -
Income from discontinued operations 50,602
Other, net 95,800
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of
businesses:
Accounts receivable, net 155,800
Inventories (48,300)
Accounts payable (87,800)
Taxes accrued 55,700
(Under) Overrecovered gas and fuel costs 108,900
Exchange gas receivable/payable 355,700
Other accruals (60,000)
Other working capital 25,800
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 743,900
Net Cash from Discontinued Operations 154,200
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 898,100
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (371,100)
Acquisition of businesses -
Proceeds from disposition of assets 12,400
Other investing activities, net (38)
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (358,738)
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt (38,100)
Retirement of long-term debt -
Change in short-term debt (521,000)
Retirement of preferred shares -
Proceeds from Corporate Premium Income Equity Securities, net -
Issuance of common stock -
Acquisition of treasury stock -
Dividends paid - common shares -
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (559,100)
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents (19,738)
Cash and cash equivalents at beginning of year 73,500
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 53,762
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
201
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4 (3 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4 Page 3
Year Ended December 31, ($ in thousands) NCM NCT NCS NDEV NET NFC Total
===================================================================================================================================
OPERATING ACTIVITIES
Net income * * - * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 8,288
Net changes in price risk management activities -
Asset impairment -
Deferred income taxes and investment tax credits 1,004
Deferred revenue -
Amortization of unearned compensation -
Gain on sale of assets -
Income from change in accounting -
Income from discontinued operations -
Other, net 1,240
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net 132,812
Inventories -
Accounts payable (67,515)
Taxes accrued 5,043
(Under) Overrecovered gas and fuel costs -
Exchange gas receivable/payable -
Other accruals (53,758)
Other working capital (3,142)
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 23,972
Net Cash from Discontinued Operations -
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 23,972
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures -
Acquisition of businesses -
Proceeds from disposition of assets -
Other investing activities, net -
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities -
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt (23,930)
Retirement of long-term debt -
Change in short-term debt -
Retirement of preferred shares -
Proceeds from Corporate Premium Income Equity Securities, net -
Issuance of common stock -
Acquisition of treasury stock -
Dividends paid - common shares -
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (23,930)
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents 42
Cash and cash equivalents at beginning of year 1
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 43
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
202
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4 (4 of 4)
NISOURCE INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4 Page 4
Year Ended December 31, ($ in thousands) NPG NIFL NIP PEI SMP Total
=================================================================================================================================
OPERATING ACTIVITIES
Net income * * 207,564 * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 248,497
Net changes in price risk management activities (6,114)
Asset impairment -
Deferred income taxes and investment tax credits (82,069)
Deferred revenue -
Amortization of unearned compensation -
Gain on sale of assets -
Income from change in accounting -
Income from discontinued operations -
Other, net (5,317)
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net 143,210
Inventories (6,195)
Accounts payable (213,764)
Taxes accrued 138,335
(Under) Overrecovered gas and fuel costs 121,501
Exchange gas receivable/payable -
Other accruals (24,674)
Other working capital 10,256
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 531,230
Net Cash from Discontinued Operations -
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 531,230
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (188,531)
Acquisition of businesses -
Proceeds from disposition of assets -
Other investing activities, net (19,165)
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (207,696)
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt -
Retirement of long-term debt (59,000)
Change in short-term debt (32,185)
Retirement of preferred shares (1,100)
Proceeds from Corporate Premium Income Equity Securities, net -
Issuance of common stock -
Acquisition of treasury stock -
Dividends paid - common shares (233,200)
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (325,485)
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents (1,951)
Cash and cash equivalents at beginning of year 17,896
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 15,945
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
203
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4A (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
BAY STATE GAS COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4A
Year Ended December 31, ($ in thousands) BSG BSGPE NU Combined Entries Total
===================================================================================================================================
OPERATING ACTIVITIES
Net income 17,303 * 2,563 * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 36,983 8,571
Net changes in price risk management activities - -
Asset impairment - -
Deferred income taxes and investment tax credits 3,809 (2,008)
Deferred revenue - -
Amortization of unearned compensation - -
Gain on sale of assets - -
Income from change in accounting - -
Income from discontinued operations - -
Other, net (11,999) (1)
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net (766) (15,662)
Inventories 8,563 796
Accounts payable (15,376) 4,831
Taxes accrued 943 3,898
(Under) Overrecovered gas and fuel costs 34,139 778
Exchange gas receivable/payable - -
Other accruals - -
Other working capital (8,277) 31,152
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 65,322 34,918
Net Cash from Discontinued Operations - -
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 65,322 34,918
-----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (30,346) (8,047)
Acquisition of businesses - -
Proceeds from disposition of assets - -
Other investing activities, net - 1
-----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (30,346) (8,046)
-----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt - -
Retirement of long-term debt (35,000) (834)
Change in short-term debt - (27,000)
Retirement of preferred shares - -
Proceeds from Corporate Premium Income Equity Securities,
net - -
Issuance of common stock - -
Acquisition of treasury stock - -
Dividends paid - common shares -
-----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (35,000) (27,834)
-----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents (24) (962)
Cash and cash equivalents at beginning of year 1,436 1,020
-----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,412 58
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
204
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4B (1 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4B F-4B F-4B F-4B Consolidating F-4B
Year Ended December 31, ($ in thousands) Page 2 Page 3 Page 4 Page 5 Combined Entries Total
=================================================================================================================================
OPERATING ACTIVITIES
Net income * * * * * * 189,901
Adjustments to reconcile net
income to net cash from
continuing operations:
Depreciation, depletion
and amortization 226,210
Net changes in price risk
management activities -
Asset impairment 89,200
Deferred income taxes and
investment tax credits (51,100)
Deferred revenue (362,500)
Amortization of unearned compensation -
Gain on sale of assets -
Income from change in accounting -
Income from discontinued operations 50,602
Other, net 95,800
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Changes in components of working
capital, net of effect
from acquisitions of businesses:
Accounts receivable, net 155,800
Inventories (48,300)
Accounts payable (87,800)
Taxes accrued 55,700
(Under) Overrecovered gas
and fuel costs 108,900
Exchange gas receivable/payable 355,700
Other accruals (60,000)
Other working capital 25,800
---------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 743,900
Net Cash from Discontinued Operations 154,200
---------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 898,100
---------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (371,100)
Acquisition of businesses -
Proceeds from disposition of assets 12,400
Other investing activities, net (38)
---------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (358,738)
---------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt -
Retirement of long-term debt -
Change in short-term debt (521,000)
Retirement of preferred shares -
Proceeds from Corporate Premium
Income Equity Securities, net -
Issuance of common stock -
Acquisition of treasury stock -
Dividends paid - common shares -
---------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (559,100)
---------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents (19,738)
Cash and cash equivalents at beginning of year 73,500
---------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 53,762
=================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
205
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4B (2 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4B Page 2
Year Ended December 31, ($ in thousands) CG CAT CCC CER CES Total
============================================================================================================================
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
----------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
----------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
----------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
----------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
----------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
----------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
----------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
----------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
206
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4B (3 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4B Page 3
Year Ended December 31, ($ in thousands) CFC CKY CMD COH CPA CGV Total
===================================================================================================================================
OPERATING ACTIVITIES
Net income * 9,560 2,866 72,917 21,467 (3,752) *
Adjustments to reconcile net
income to net cash from
continuing operations:
Depreciation, depletion
and amortization 8,484 2,383 12,701 16,927 13,665
Net changes in price risk
management activities - - - - -
Asset impairment - - - - -
Deferred income taxes and
investment tax credits 1,169 (3,411) 21,216 (28,027) (27,746)
Deferred revenue - - - - -
Amortization of
unearned compensation - - - - -
Gain on sale of assets - - - - -
Income from change in accounting - - - - -
Income from discontinued operations - - - - -
Other, net (3,668) (43) (189,338) (6,923) 12,171
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of
effect from acquisitions of businesses:
Accounts receivable, net 16,888 11,402 4,985 3,860 33,246
Inventories (3,916) (1,380) (20,218) (21,552) (1,196)
Accounts payable (18,232) (6,080) (131,592) (42,894) (26,529)
Taxes accrued (191) 1,715 (3,405) 32,599 21,082
(Under) Overrecovered gas
and fuel costs 3,549 8,725 44,490 42,103 55,795
Exchange gas receivable/payable 54,581 1,638 239,518 66,138 (239)
Other accruals (9) 1,236 (4,327) (2,309) 174
Other working capital (54,721) (7,889) (203,211) (24,104) (13,573)
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 13,494 11,162 (156,264) 57,285 63,098
Net Cash from Discontinued Operations - - - - -
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 13,494 11,162 (156,264) 57,285 63,098
-----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (10,545) (3,027) (30,373) (26,590) (21,622)
Acquisition of businesses - - - - -
Proceeds from disposition of assets - - - - -
Other investing activities, net - - - - -
-----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (10,545) (3,027) (30,373) (26,590) (21,622)
-----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt - - - - -
Retirement of long-term debt - (2,495) - - (12,835)
Change in short-term debt (2,801) (5,494) 187,175 (30,196) (28,843)
Retirement of preferred shares - - - - -
Proceeds from Corporate Premium
Income Equity Securities, net - - - - -
Issuance of common stock - - - - -
Acquisition of treasury stock - - - - -
Dividends paid - common shares
-----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (2,801) (7,989) 187,175 (30,196) (41,678)
-----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents 148 146 538 499 (202)
Cash and cash equivalents at beginning of year 959 122 7,489 1,003 1,356
-----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,107 268 8,027 1,502 1,154
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
207
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4B (4 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4B Page 4
Year Ended December 31, ($ in thousands) TCO CGT CICL CLNG CNS CPL Total
============================================================================================================================
OPERATING ACTIVITIES
Net income 163,484 30,067 * * * * *
Adjustments to reconcile net
income to net cash from
continuing operations:
Depreciation, depletion
and amortization 85,844 22,751
Net changes in price
risk management activities - -
Asset impairment - -
Deferred income taxes and
investment tax credits 3,367 3,367
Deferred revenue - -
Amortization of unearned compensation - -
Gain on sale of assets - -
Income from change in accounting - -
Income from discontinued operations - -
Other, net (72,818) (24,325)
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
Changes in components of working
capital, net of effect
from acquisitions
of businesses:
Accounts receivable, net 986 57
Inventories (448) -
Accounts payable (11,348) (4,098)
Taxes accrued 7,336 409
(Under) Overrecovered gas
and fuel costs - -
Exchange gas receivable/payable 4,529 -
Other accruals (13,080) 980
Other working capital (138,942) (298)
----------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 28,910 28,910
Net Cash from Discontinued Operations - -
----------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 28,910 28,910
----------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (34,831) (34,831)
Acquisition of businesses - -
Proceeds from disposition of assets - -
Other investing activities, net - -
----------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (34,831) (34,831)
----------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt - -
Retirement of long-term debt - -
Change in short-term debt 5,931 5,885
Retirement of preferred shares - -
Proceeds from Corporate Premium
Income Equity Securities, net - -
Issuance of common stock - -
Acquisition of treasury stock - -
Dividends paid - common shares
----------------------------------------------------------------------------------------------------------------------------
Net Financing Activities 5,931 5,885
----------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents 10 (36)
Cash and cash equivalents at beginning of year 39 39
----------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 49 3
============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
208
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4B (5 of 5)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4B Page 5
Year Ended December 31, ($ in thousands) CRC CSP CTC Total
=======================================================================================================
OPERATING ACTIVITIES
Net income * * * *
Adjustments to reconcile net
income to net cash from
continuing operations:
Depreciation, depletion
and amortization
Net changes in price risk
management activities
Asset impairment
Deferred income taxes and
investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
Changes in components of
working capital, net of
effect from acquisitions
of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas
and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-------------------------------------------------------------------------------------------------------
Net Investing Activities
-------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-------------------------------------------------------------------------------------------------------
Net Financing Activities
-------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
=======================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
209
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4C (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY GROUP CAPITAL CORP. AND SUBSIDARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4C
Year Ended December 31, ($ in thousands) CCC TGT Combined Entries Total
===============================================================================================================================
OPERATING ACTIVITIES
Net income * * * * *
Adjustments to reconcile net
income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital,
net of effect from acquisitions
of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
-------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
-------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
===============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
210
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4D (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4D Consolidating F-4D
Year Ended December 31, ($ in thousands) Page 2 CER AD Combined Entries Total
=============================================================================================================================
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net
income to net cash from
continuing operations:
Depreciation, depletion
and amortization
Net changes in price risk
management activities
Asset impairment
Deferred income taxes and
investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital,
net of effect from acquisitions
of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas
and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-----------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-----------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-----------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-----------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
-----------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-----------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
-----------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-----------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
=============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
211
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4D (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA ENERGY RESOURCES INC. AND SUBSIDARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4D Page 2
Year Ended December 31, ($ in thousands) CNR CNRCL HH Total
=============================================================================================================
OPERATING ACTIVITIES
Net income * * * *
Adjustments to reconcile net
income to net cash from
continuing operations:
Depreciation, depletion
and amortization
Net changes in price risk
management activities
Asset impairment
Deferred income taxes and
investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Changes in components of working capital,
net of effect from acquisitions
of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-------------------------------------------------------------------------------------------------------------
Net Investing Activities
-------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-------------------------------------------------------------------------------------------------------------
Net Financing Activities
-------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
=============================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
212
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4E (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA FINANCE COMPANY AND SUBSIDARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4E
Year Ended December 31, ($ in thousands) CFC CAR Combined Entries Total
=========================================================================================================================
OPERATING ACTIVITIES
Net income * * * * *
Adjustments to reconcile net
income to net cash from
continuing operations:
Depreciation, depletion
and amortization
Net changes in price risk
management activities
Asset impairment
Deferred income taxes and
investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital,
net of effect from acquisitions
of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
-------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
-------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
=========================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
213
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4F (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA NETWORK SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4F
Year Ended December 31, ($ in thousands) CNS CMS Combined Entries Total
========================================================================================================================
OPERATING ACTIVITIES
Net income * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
========================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
214
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4G (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA PIPELINE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4G Page
Year Ended December 31, ($ in thousands) CPL CDW Combined Entries Total
=========================================================================================================================
OPERATING ACTIVITIES
Net income * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital,
net of effect from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
-------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity
Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
-------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
=========================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
215
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4H (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
COLUMBIA SERVICE PARTNERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4H
Year Ended December 31, ($ in thousands) CSP CAA Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-----------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-----------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-----------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-----------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
-----------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-----------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
-----------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-----------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
=============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
216
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4I (1 of 3)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4I F-4I Consolidating F-4I
Year Ended December 31, ($ in thousands) Page 2 Page 3 EUII Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
==================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
217
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4I (2 of 3)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4I Page 2
Year Ended December 31, ($ in thousands) EUIM TPC NEML NEST MS1 Total
----------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of
effect from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
----------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
----------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
----------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
----------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
----------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
----------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
----------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
----------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
218
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4I (3 of 3)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4I Page 3
Year Ended December 31, ($ in thousands) NIFC NITEX NGS EUC EUR Total
--------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of
effect from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
--------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
--------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
--------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
--------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
--------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
--------------------------------------------------------------------------------------------------------------------------
NET FINANCING ACTIVITIES
--------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
--------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
==========================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
219
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4J (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA, INC. (MA) AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4J
Year Ended December 31, ($ in thousands) EUIM ESPE EUIC Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
-----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-----------------------------------------------------------------------------------------------------------------------------------
NET FINANCING ACTIVITIES
-----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
220
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4K (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4K Consolidating F-4K
Year Ended December 31, ($ in thousands) Page 2 EUIC BES Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
----------------------------------------------------------------------------------------------------------------------------------
Investing Activities
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
----------------------------------------------------------------------------------------------------------------------------------
Financing Activities
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income
Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
----------------------------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at end of period
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
221
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4K (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA (CONNECTICUT) INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4K Page 2
Year Ended December 31, ($ in thousands) EUE EUM Total
-------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
-------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
-------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
===============================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
222
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4L (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
ENERGYUSA-TPC CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4L
Year Ended December 31, ($ in thousands) TPC EUA Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of
effect from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium
Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
223
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4M (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
KOKOMO GAS AND FUEL COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4M
Year Ended December 31, ($ in thousands) KOKO KGF Combined Entries Total
---------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income 949 * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 2,241
Net changes in price risk management activities --
Asset impairment --
Deferred income taxes and investment tax credits (36)
Deferred revenue --
Amortization of unearned compensation --
Gain on sale of assets --
Income from change in accounting --
Income from discontinued operations --
Other, net 2
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of
effect from acquisitions of businesses:
Accounts receivable, net (3,165)
Inventories (111)
Accounts payable --
Taxes accrued --
(Under) Overrecovered gas and fuel costs 2,298
Exchange gas receivable/payable --
Other accruals 104
Other working capital (51)
---------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 2,231
Net Cash from Discontinued Operations --
---------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 2,231
---------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (1,265)
Acquisition of businesses --
Proceeds from disposition of assets --
Other investing activities, net --
---------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (1,265)
---------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt --
Retirement of long-term debt --
Change in short-term debt (487)
Retirement of preferred shares --
Proceeds from Corporate Premium Income
Equity Securities, net --
Issuance of common stock --
Acquisition of treasury stock --
Dividends paid - common shares --
---------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (487)
---------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents 479
Cash and cash equivalents at beginning of year 1,029
---------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,508
=================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
224
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4N (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4N Consolidating F-4N
Year Ended December 31, ($ in thousands) Page 2 NESI CROSS Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * 101 * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 838
Net changes in price risk management activities --
Asset impairment --
Deferred income taxes and investment tax credits 23
Deferred revenue --
Amortization of unearned compensation --
Gain on sale of assets --
Income from change in accounting --
Income from discontinued operations --
Other, net (22)
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of
effect from acquisitions of businesses:
Accounts receivable, net 4,622
Inventories --
Accounts payable 343
Taxes accrued (736)
(Under) Overrecovered gas and fuel costs --
Exchange gas receivable/payable --
Other accruals --
Other working capital (65)
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 5,104
Net Cash from Discontinued Operations --
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 5,104
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (213)
Acquisition of businesses --
Proceeds from disposition of assets --
Other investing activities, net --
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (213)
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt --
Retirement of long-term debt (4,893)
Change in short-term debt --
Retirement of preferred shares --
Proceeds from Corporate Premium Income
Equity Securities, net --
Issuance of common stock --
Acquisition of treasury stock --
Dividends paid - common shares --
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (4,893)
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents (2)
Cash and cash equivalents at beginning of year 3
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1
==================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
225
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4N (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
NI ENERGY SERVICES INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4N Page 2
Year Ended December 31, ($ in thousands) GREEN NPM NESCL Total
--------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
--------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
--------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
--------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
--------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
--------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
--------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
--------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
--------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
226
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4O (1 of 3)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4O F-4O Consolidating F4O
Year Ended December 31, ($ in thousands) Page 2 Page 3 NDEV ASL Combined Entries Total
---------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
---------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
---------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
---------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
---------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
---------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity
Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
---------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
---------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
---------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
=================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
227
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4O (2 of 3)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4O Page 2
Year Ended December 31, ($ in thousands) CARD CIS JOF KOGAF LEL Total
----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
==================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
228
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4O (3 of 3)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE DEVELOPMENT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4O Page 3
Year Ended December 31, ($ in thousands) NDC PRO PRI SWP Total
-----------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
-----------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
-----------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
-----------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
-----------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
-----------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
-----------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
-----------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
-----------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
=============================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
229
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4P (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
LAKE ERIE LAND COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4P
Year Ended December 31, ($ in thousands) LEL SCC Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
==================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
230
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4Q (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
NISOURCE PIPELINE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4Q
Year Ended December 31, ($ in thousands) NPG GSGT PNGTS Combined Entries Total
--------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
--------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
--------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
--------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
--------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
--------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
--------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
--------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
--------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
231
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4R (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
GRANITE STATE GAS TRANSMISSION, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4R
Year Ended December 31, ($ in thousands) GSGT BSEE NGD Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income (5,840) * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 729
Net changes in price risk management activities -
Asset impairment -
Deferred income taxes and investment tax credits 2,207
Deferred revenue -
Amortization of unearned compensation -
Gain on sale of assets -
Income from change in accounting -
Income from discontinued operations -
Other, net (17)
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net 3,157
Inventories -
Accounts payable (4,409)
Taxes accrued (4,419)
(Under) Overrecovered gas and fuel costs -
Exchange gas receivable/payable -
Other accruals 109
Other working capital 857
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations (7,626)
Net Cash from Discontinued Operations -
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities (7,626)
-----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures 15,118
Acquisition of businesses -
Proceeds from disposition of assets -
Other investing activities, net -
-----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities 15,118
-----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt -
Retirement of long-term debt -
Change in short-term debt (7,981)
Retirement of preferred shares -
Proceeds from Corporate Premium Income Equity Securities, net -
Issuance of common stock -
Acquisition of treasury stock -
Dividends paid - common shares -
-----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (7,981)
-----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents (489)
Cash and cash equivalents at beginning of year 198
-----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD (291)
===================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
232
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4S (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA FUEL AND LIGHT COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4S
Year Ended December 31, ($ in thousands) NIFL NITC Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income 2,326 * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 1,883
Net changes in price risk management activities -
Asset impairment -
Deferred income taxes and investment tax credits 93
Deferred revenue -
Amortization of unearned compensation -
Gain on sale of assets -
Income from change in accounting -
Income from discontinued operations -
Other, net -
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net (3,831)
Inventories 2,427
Accounts payable 4,682
Taxes accrued -
(Under) Overrecovered gas and fuel costs 1,127
Exchange gas receivable/payable -
Other accruals 26
Other working capital (390)
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 8,343
Net Cash from Discontinued Operations -
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 8,343
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (10,655)
Acquisition of businesses -
Proceeds from disposition of assets -
Other investing activities, net 2
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (10,653)
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt 2,000
Retirement of long-term debt -
Change in short-term debt -
Retirement of preferred shares -
Proceeds from Corporate Premium Income Equity Securities, net -
Issuance of common stock -
Acquisition of treasury stock -
Dividends paid - common shares -
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities 2,000
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents (310)
Cash and cash equivalents at beginning of year 900
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 590
==================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
233
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4T (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
NORTHERN INDIANA PUBLIC SERVICE COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4T
Year Ended December 31, ($ in thousands) NIP NEXCO Combined Entries Total
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income 207,564 * * * 207,564
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization 248,497 248,497
Net changes in price risk management activities (6,114) (6,114)
Asset impairment - -
Deferred income taxes and investment tax credits (82,069) (82,069)
Deferred revenue - -
Amortization of unearned compensation - -
Gain on sale of assets - -
Income from change in accounting - -
Income from discontinued operations - -
Other, net (5,315) (5,317)
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net 143,230 143,210
Inventories (6,195) (6,195)
Accounts payable (213,788) (213,764)
Taxes accrued 138,335 138,335
(Under) Overrecovered gas and fuel costs 121,501 121,501
Exchange gas receivable/payable - -
Other accruals (24,674) (24,674)
Other working capital 10,245 10,256
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations 531,217 531,230
Net Cash from Discontinued Operations - -
-----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities 531,217 531,230
-----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures (188,531) (188,531)
Acquisition of businesses - -
Proceeds from disposition of assets - -
Other investing activities, net (19,165) (19,165)
-----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities (207,696) (207,696)
-----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt - -
Retirement of long-term debt (59,000) (59,000)
Change in short-term debt (32,185) (32,185)
Retirement of preferred shares (1,100) (1,100)
Proceeds from Corporate Premium Income Equity Securities, net - -
Issuance of common stock - -
Acquisition of treasury stock - -
Dividends paid - common shares (233,200) (233,200)
-----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities (325,485) (325,485)
-----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents (1,964) (1,951)
Cash and cash equivalents at beginning of year 17,889 17,896
-----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 15,925 15,945
===================================================================================================================================
*CONFIDENTIAL TREATMENT REQUESTED
234
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4U (1 of 2)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-2U Consolidating F-4U
Year Ended December 31, ($ in thousands) Page 2 PEI CEI Combined Entries Total
----------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
----------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
----------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
----------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
----------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
----------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
----------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
----------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
==================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
235
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4U (2 of 2)
NISOURCE INC. AND SUBSIDIARIES
PRIMARY ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
F-4U Page 2
Year Ended December 31, ($ in thousands) HCC IEL LEC NLEC PORT WCE Total
---------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
---------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
---------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
---------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
---------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
---------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
---------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
---------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
---------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
=================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
236
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued) F-4V (1 of 1)
NISOURCE INC. AND SUBSIDIARIES
SM&P UTILITY RESOURCES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(Not covered by Report of Independent Public Accountants)
Consolidating F-4V
Year Ended December 31, ($ in thousands) SMP CI Combined Entries Total
--------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income * * * * *
Adjustments to reconcile net income to net cash from
continuing operations:
Depreciation, depletion and amortization
Net changes in price risk management activities
Asset impairment
Deferred income taxes and investment tax credits
Deferred revenue
Amortization of unearned compensation
Gain on sale of assets
Income from change in accounting
Income from discontinued operations
Other, net
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Changes in components of working capital, net of effect
from acquisitions of businesses:
Accounts receivable, net
Inventories
Accounts payable
Taxes accrued
(Under) Overrecovered gas and fuel costs
Exchange gas receivable/payable
Other accruals
Other working capital
--------------------------------------------------------------------------------------------------------------------------------
Net Cash from Continuing Operations
Net Cash from Discontinued Operations
--------------------------------------------------------------------------------------------------------------------------------
Net Cash from Operating Activities
--------------------------------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
Capital expenditures
Acquisition of businesses
Proceeds from disposition of assets
Other investing activities, net
--------------------------------------------------------------------------------------------------------------------------------
Net Investing Activities
--------------------------------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
Issuance of long-term debt
Retirement of long-term debt
Change in short-term debt
Retirement of preferred shares
Proceeds from Corporate Premium Income Equity Securities, net
Issuance of common stock
Acquisition of treasury stock
Dividends paid - common shares
--------------------------------------------------------------------------------------------------------------------------------
Net Financing Activities
--------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
--------------------------------------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD
================================================================================================================================
* CONFIDENTIAL TREATMENT REQUESTED
237
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 1, 2002 By: /s/ Jeffrey W. Grossman
-------------------------
Jeffrey W. Grossman
Vice President and
Controller (Principal
Accounting Officer)
COLUMBIA ENERGY GROUP
-------------------------
(Registrant)
Dated: May 1, 2002 By: /s/ Jeffrey W. Grossman
-------------------------
Jeffrey W. Grossman
Vice President
238
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
Exhibits filed as part of this report:
A. Annual Reports Under the Securities Exchange Act of 1934.
B. Corporate Organization Documents and Bylaws.
C. Indentures and Contracts.
D. Tax Allocation Agreement for 2001.
E. Other Documents Prescribed by Rule or Order.
F. Report of Independent Public Accountants.
G. System Organization Chart.
H. Financial Statements of EWG or Foreign Utility Company.
239
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT A. ANNUAL REPORTS UNDER THE SECURITIES EXCHANGE ACT OF 1934.
The financial statements included in Form 10-K for the following companies are
incorporated herein by reference:
System Company Filing Date File Number
--------------------------------------------------------------------------------
NiSource Inc. February 22, 2002 001-16189
Columbia Energy Group March 26, 2002 001-01098
Northern Indiana Public Service Company March 25, 2002 001-04125
--------------------------------------------------------------------------------
240
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935.
EXHIBIT B NOTES
------------------------------------------
Articles of By-Laws or
NAME OF COMPANY Incorporation Regulations
------------------------------------------------------------------------------------------------------
NiSource Inc. A-1, A-2, A-3, A-4 (1) B-1 (2)
Bay State Gas Company (3) B-2 (4)
Bay State GPE, Inc. A-5 (5) B-3 (6)
Northern Utilities, Inc. A-6 (7) B-4 (8)
Columbia Energy Group (9) (10)
Columbia Atlantic Trading Corporation (11) (12)
Columbia Energy Group Capital Corporation (13) (14)
TriStar Gas Technologies, Inc. (15) B-5 (16)
Columbia Energy Resources Inc. (17) (18)
Alamco-Delaware, Inc. (19) (20)
Columbia Natural Resources, Inc. (21) (22)
Columbia Natural Resources Canada Ltd. (23) (24)
Hawg Hauling & Disposal, Inc. (25) (26)
Columbia Energy Services Corporation (27) (28)
Columbia Energy Marketing Corporation (29) B-6 (30)
Columbia Energy Power Marketing Corporation (31) B-7 (32)
Columbia Energy Retail Corporation (33) B-8 (34)
Columbia Finance Corporation (35) (36)
Columbia Accounts Receivable Corp. (37) (38)
Columbia Gas of Kentucky, Inc. (39) (40)
Columbia Gas of Maryland, Inc. (41) (42)
Columbia Gas of Ohio, Inc. (43) (44)
Columbia Gas of Pennsylvania, Inc. (45) (46)
Columbia Gas of Virginia, Inc. (47) (48)
Columbia Gas Transmission Corporation (49) (50)
Columbia Gulf Transmission Company (51) (52)
Columbia Insurance Corporation Ltd. (53) (54)
Columbia LNG Corporation (55) (56)
CLNG Corporation (57) (58)
Columbia Network Services Corporation (59) B-9, B-10 (60)
CNS Microwave, Inc. (61) B-11, B-12 (62)
Columbia Petroleum Corporation (63) (64)
Columbia Pipeline Corporation (65) B-13, B-14 (66)
Columbia Deep Water Services Company (67) B-15, B-16 (68)
------------------------------------------------------------------------------------------------------
241
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
EXHIBIT B NOTES
------------------------------------------
Articles of By-Laws or
NAME OF COMPANY Incorporation Regulations
-----------------------------------------------------------------------------------------------------------
Columbia Remainder Corporation (69) B-17 (70)
Columbia Electric Binghamton General Corporation (71) B-18 (72)
Columbia Electric Binghamton Limited Corporation (73) B-19 (74)
Columbia Electric Haverstraw Corporation (75) B-20 (76)
Haverstraw Bay, L.L.C. (77) (78)
Haverstraw Bay, L.L.C. (79) (80)
Columbia Service Partners, Inc. (81) (82)
Columbia Assurance Agency, Inc. (83) (84)
Columbia Transmission Communications Corporation (85) (86)
EnergyUSA, Inc. (IN) A-7 (87) B-21 (88)
EnergyUSA, Inc. (MA) A-8, A-9, A-10 (89) B-22 (90)
EnergySPE, Inc. A-11 (91) B-23 (92)
EnergyUSA Inc. (CT) A-12, A-13, A-14 (93) B-24, B-25 (94)
Brayer Energy Solutions, Inc. A-15 (95) B-26 (96)
EnergyUSA Engineering, Inc. A-16, A-17 (97) B-27 (98)
EnergyUSA Mechanical, Inc. (99) B-28 (100)
EnergyUSA Commercial Energy Services, Inc. (101) B-29, B-30 (102)
EnergyUSA Retail, Inc. (103) B-31 (104)
EnergyUSA Consumer Products Group, Inc. (105) B-32 (106)
EnergyUSA-TPC Corp. (107) B-33 (108)
EnergyUSA Appalachian Corp. (109) B-34 (110)
MS-1 Distribution and Storage Corporation (111) B-35 (112)
NESI Energy Marketing L.L.C. (113) (114)
NI Energy Services Transportation, Inc. (115) B-36, B-37 (116)
NI Fuel Company, Inc. (117) B-38 (118)
NI-TEX, Inc. (119) B-39 (120)
NI-TEX Gas Services Inc. (121) B-40 (122)
Kokomo Gas and Fuel Company (123) B-41 (124)
KGF Trading Company (125) B-42 (126)
NI Energy Services Inc. (127) B-43, B-44 (128)
Crossroads Pipeline Company (129) B-45 (130)
Green Fuels, Inc. (131) (132)
NESI Power Marketing, Inc. (133) B-46 (134)
NiSource Energy Services Canada Ltd. (135) (136)
NESI Energy Marketing Canada, Ltd. (137) (138)
-----------------------------------------------------------------------------------------------------------
242
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
EXHIBIT B NOTES
--------------------------------------------
Articles of By-Laws or
NAME OF COMPANY Incorporation Regulations
------------------------------------------------------------------------------------------------------------
NiSource Capital Markets, Inc. (139) B-47 (140)
NiSource Capital Trust I (141) (142)
NiSource Corporate Services Company (143) B-48 (144)
NiSource Development Company, Inc. (145) B-49, B-50 (146)
Analytic Sytems Laboratories, Inc. (147) (148)
Cardinal Property Management, Inc. (149) B-51, B-52 (150)
Customer Information Services, Inc. (151) (152)
JOF Transportation Company (153) B-53, B-54 (154)
KOGAF Enterprises, Inc. (155) (156)
Lake Erie Land Company (157) B-55 (158)
SCC Services, Inc. (159) B-56, B-57 (160)
NDC Douglas Properties, Inc. (161) B-58 (162)
Progeni, Inc. (163) B-59 (164)
Protonics Research, Inc. (165) B-60 (166)
South Works Power Company (167) B-61 (168)
NiSource Energy Technologies, Inc. (169) B-62 (170)
NiSource Finance Corp. (171) B-63 (172)
NiSource Pipeline Group, Inc. (173) B-64 (174)
Granite State Gas Transmission, Inc. (175) B-65 (176)
Bay State Energy Enterprises, Inc. (177) B-66 (178)
Natural Gas Development Inc. (179) B-67 (180)
PNTGS Holding Corp. (181) B-68 (182)
Northern Indiana Fuel and Light Company, Inc. (183) B-69 (184)
Northern Indiana Trading Company, Inc. (185) B-70 (186)
Northern Indiana Public Service Company (187) B-71 (188)
NIPSCO Exploration Company, Inc. (189) (190)
Primary Energy, Inc. (191) B-72 (192)
Cokenergy, Inc. (193) B-73 (194)
Harbor Coal Company (195) B-74 (196)
Ironside Energy L.L.C. (197) (198)
Lakeside Energy Corporation (199) B-75, B-76 (200)
North Lake Energy Corporation (201) B-77 (202)
Portside Energy Corporation (203) B-78, B-79 (204)
Whiting Clean Energy, Inc. (205) B-80, B-81 (206)
SM&P Utility Resources, Inc. (207) (208)
Colcom, Inc. (209) (210)
------------------------------------------------------------------------------------------------------------
243
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
1 NiSource Inc. Certificate of Incorporation of New NiSource Inc. (n/k/a
NiSource Inc.) dated March 29, 2000 filed herewith as Exhibit A-1 to Form
U5S (2001), Amended and Restated Certificate of Incorporation of New
NiSource Inc. (n/k/a NiSource Inc.) dated October 30, 2000 filed herewith
as Exhibit A-2 to Form U5S (2001), Certificate of Amendment of Certificate
of Incorporation re name change to NiSource Inc. November 1, 2000 filed
herewith as Exhibit A-3 to Form U5S (2001), and Certificate of Ownership
and Merger of Old NiSource Inc. into NiSource Inc. dated November 1, 2000
filed herewith as Exhibit A-4 to Form U5S (2001).
2 NiSource Inc. Amended and restated By-Laws dated October 23, 2001, filed as
Exhibit B-1 to Form U5S (2001).
3 Bay Sate Gas Company Articles of Organization are currently not available
and will be filed by Amendment.
4 Bay State Gas Company Amended and Restated By-Laws dated March 3, 1999,
filed as Exhibit B-2 to Form U5S (2001).
5 Bay State GPE, Inc. Articles of Organization dated November 2, 1998, filed
as Exhibit A-5 to Form U5S (2001)
6 Bay State GPE, Inc. Amended and Restated By-Laws dated July 29, 1999, filed
as Exhibit B-3 to Form U5S (2001).
7 Northern Utilities, Inc. Record of Organization of Bay State of New
Hampshire, Inc. (n/k/a Northern Utilities, Inc.) dated January 9, 1979,
filed as Exhibit A-6 to Form U5S (2001).
8 Northern Utilities, Inc. Amended and Restated By-Laws dated February 7,
2001, filed as Exhibit B-4 to Form U5S (2001).
9 Restated Certificate of Incorporation as adopted by action of the Board of
Directors on October 19, 1988, filed as Exhibit 1-A to Form U5S (1988);
corrected copy as of July 15, 1991, filed as Exhibit 1-A to Form U5S
(1991); restated copy as of November 28, 1995, filed pursuant to Item 14 of
Form 10-K (1995); Certificate of Amendment of Certificate of Incorporation
of Columbia Energy Group, dated January 16, 1998, filed as Exhibit 1-A to
Form U5S (1997); Corrected Certificate of Amendment of Restated Certificate
of Incorporation of Columbia Energy Group dated June 1, 1999, filed as
Exhibit 1-A and Certificate of Amendment of Restated Certificate of
Incorporation of Columbia Energy Group dated June 2, 1999, filed as Exhibit
2-A to Form U5S (1999). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
10 By-Laws as of May 28, 1986, filed as Exhibit 1-B to Form U5S (1986);
amendments dated May 13, 1987 and November 18, 1987, filed as Exhibit B,
pages 13-15, to Form U5S (1987); amendment dated January 16, 1998, filed as
Exhibit 1-B to Form U5S (1998); amendments dated February 22, 2000, filed
as Exhibit 1-B to Form U5S (2000); amended and restated By-Laws dated
November 1, 2000, filed as Exhibit 2-B to Form U5S (2000). The items
identified above are contained in the appropriate filing of Columbia Energy
Group.
11 CAT Restated Certificate of Incorporation as filed on February 27, 1989,
filed as Exhibit 2-A to Form U5S (1988); amendment dated August 18, 1997,
filed as Exhibit 2-A to Form U5S (1997). The items identified above are
contained in the appropriate filing of Columbia Energy Group.
12 CAT By-Laws as amended effective February 27, 1989, filed as Exhibit 1-B to
Form U5S (1988). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
244
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
13 Certificate of Incorporation of TriStar Capital Corporation dated August 2,
1990, filed as Exhibit 2-A to Form U5S (1990); amendment dated June 30,
1997, filed as Exhibit 17-A to Form U5S (1997); amendment changing name to
Columbia Energy Group Capital Corporation dated June 2, 1998, filed as
Exhibit 9-A to Form U5S (1998). The items identified above are contained in
the appropriate filing of Columbia Energy Group.
14 By-Laws of TriStar Capital Corporation dated August 2, 1990, filed as
Exhibit 4-B to Form U5S (1990). The items identified above are contained in
the appropriate filing of Columbia Energy Group.
15 Certificate of Incorporation of TriStar Gas Technologies, Inc. dated August
2, 1990, filed as Exhibit 3-A to Form U5S (1990). The items identified
above are contained in the appropriate filing of Columbia Energy Group.
16 By-Laws of TriStar Gas Technologies, Inc. dated August 2, 1990, filed as
Exhibit 5-B to Form U5S (1990). The items identified above are contained in
the appropriate filing of Columbia Energy Group. Amendment to the By-Laws
dated April 11, 2001, filed as Exhibit B-5 to Form U5S (2001).
17 Certificate of Amendment of Certificate of Incorporation of Columbia
Natural Resources, Inc. (changing name to Columbia Energy Resources, Inc.)
dated September 28, 1998, filed as Exhibit 6-A to Form U5S (1998). The
items identified above are contained in the appropriate filing of Columbia
Energy Group.
18 By-Laws of Columbia Energy Resources, Inc. dated September 30, 1998, filed
as Exhibit 6-B to Form U5S (1998). The items identified above are contained
in the appropriate filing of Columbia Energy Group.
19 Certificate of Incorporation of Alamco-Delaware, dated July 21, 1994, filed
as Exhibit 11-A to Form U5S (1997). The items identified above are
contained in the appropriate filing of Columbia Energy Group.
20 By-Laws of Alamco-Delaware filed as Exhibit 9-B to Form U5S (1997). The
items identified above are contained in the appropriate filing of Columbia
Energy Group.
21 Certificate of Incorporation of Columbia Natural Resources, Inc. adopted on
November 21, 1984, filed as Exhibit 4-A to Form U5S (1984). The items
identified above are contained in the appropriate filing of Columbia Energy
Group.
22 By-Laws as of November 26, 1984, filed as Exhibit 2-B to Form U5S (1984).
The items identified above are contained in the appropriate filing of
Columbia Energy Group.
23 Article of Incorporation of 758117 Alberta Ltd. dated October 6, 1997,
filed as Exhibit 7-A and amendment changing name to Columbia Natural
Resources Canada, Ltd., dated December 12, 1997, filed as Exhibit 8-A to
Form U5S (1998). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
24 By-laws of 758117 Alberta Ltd., dated December 12, 1997, filed as Exhibit
7-B to Form U5S (1998). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
25 Certificate of Incorporation of Hawg Hauling & Disposal, Inc. dated March
17, 1993, filed as Exhibit 12-A to Form U5S (1997). The items identified
above are contained in the appropriate filing of Columbia Energy Group.
245
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
26 By-Laws of Hawg Hauling & Disposal, Inc. dated March 17, 1993, filed as
Exhibit 10-B to Form U5S (1997). The items identified above are contained
in the appropriate filing of Columbia Energy Group.
27 Certificate of Incorporation of Columbia Energy Services Corporation
(formerly The Inland Gas Company, Inc.) dated June 25, 1993, filed under
cover of Form SE as Exhibit 1-B to Form U5S (1993). The items identified
above are contained in the appropriate filing of Columbia Energy Group.
28 By-Laws of Columbia Energy Services Corporation dated May 28, 1993, filed
as Exhibit 2-B to Form U5S (1993). The items identified above are contained
in the appropriate filing of Columbia Energy Group.
29 Certificate of Incorporation of Columbia Energy Marketing Corporation dated
August 3, 1995, filed as Exhibit 1-A to Form U5S (1995). The items
identified above are contained in the appropriate filing of Columbia Energy
Group.
30 By-Laws of Columbia Energy Marketing Corporation dated August 3, 1995,
filed as Exhibit 1-B to Form U5S (1995). The items identified above are
contained in the appropriate filing of Columbia Energy Group. Amendment to
the By-Laws dated June 4, 2001, filed as Exhibit B-6 to Form U5S (2001).
31 Certificate of Incorporation of Columbia Power Marketing Corporation dated
June 19, 1997 filed as Exhibit 3-A and amendment changing name to Columbia
Energy Power Marketing Corporation dated March 2, 1998, filed as Exhibit
4-A to Form U5S (1997); amendment dated January 16, 1998, filed as Exhibit
3-A to Form U5S (1999). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
32 By laws of Columbia Power Marketing Corporation as adopted June 23, 1997
filed as Exhibit 1-B to Form U5S (1997). The items identified above are
contained in the appropriate filing of Columbia Energy Group. The items
identified above are contained in the appropriate filing of Columbia Energy
Group. Amendment to the By-laws dated June 4, 2001, filed as Exhibit B-7 to
Form U5S (2001).
33 Certificate of Incorporation of Columbia Energy Retail Corporation dated
October 28, 1998, filed as Exhibit 4-A to Form U5S (1999). The items
identified above are contained in the appropriate filing of Columbia Energy
Group. Amendment to the By-Laws dated June 4, 2001, filed as Exhibit B-8 to
Form U5S (2001).
34 By-Laws of Columbia Energy Retail Corporation dated December 1, 1998, filed
as Exhibit 1-B to Form U5S (1999). The items identified above are contained
in the appropriate filing of Columbia Energy Group.
35 Certificate of Incorporation of Columbia Finance Corporation dated November
5, 1998, filed as Exhibit 7-A to Form U5S (1999). The items identified
above are contained in the appropriate filing of Columbia Energy Group.
36 By-Laws of Columbia Finance Corporation dated November 5, 1998, filed as
Exhibit 2-B to Form U5S (1999). The items identified above are contained in
the appropriate filing of Columbia Energy Group.
37 Certificate of Incorporation of Columbia Accounts Receivable Corporation
dated November 5, 1998, filed as Exhibit 8-A to Form U5S (1999). The items
identified above are contained in the appropriate filing of Columbia Energy
Group.
246
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
38 By-Laws of Columbia Accounts Receivable Corporation dated November 5, 1998,
filed as Exhibit 3-B to Form U5S (1999). The items identified above are
contained in the appropriate filing of Columbia Energy Group.
39 Articles of Incorporation, as amended to January 1, 1958, filed as Exhibit
2-A to Form U5S (1957); amendment dated December 21, 1981, filed as Exhibit
3-A to Form U5S (1981); amendment dated November 15, 1988, filed as Exhibit
2-A to Form U5S (1988); amendment dated March 13, 1995, filed as Exhibit
2-A to Form U5S (1995); amendment dated February 15, 1995, filed as Exhibit
3-A to Form U5S (1995); amendment dated January 12, 1996, filed as Exhibit
4-A to Form U5S (1995). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
40 By-Laws, as amended to September 1, 1968, filed as Exhibit 4-B to Form U5S
(1968); amendment dated June 16, 1970, filed as Exhibit 4-B to Form U5S
(1970); amendment dated September 24, 1975, filed as Exhibit 1-B to Form
U5S (1975); amendment dated May 4, 1977, filed as Exhibit 3-B to Form U5S
(1977); amendment dated May 1, 1985, filed as Exhibit 2-B to Form U5S
(1985); amendment dated December 8, 1988, filed as Exhibit 3-B to Form U5S
(1988); amendment dated June 15, 1989, filed as Exhibit 1-B to Form U5S
(1989); amendment dated January 9, 1996 filed as Exhibit 2-B to Form U5S
(1995); amendment dated November 1, 1997, filed as Exhibit 2-B to Form U5S
(1997); amendment dated April 19, 2000, filed as Exhibit 3-B to Form U5S
(2000). The items identified above are contained in the appropriate filing
of Columbia Energy Group.
41 Certificate of Incorporation as adopted July 1, 1958, filed as Exhibit 1-A
to Form U5S (1961); amendment dated January 17, 1980, filed as Exhibit 1-A
to Form U5S (1979); amendment dated February 15, 1995 filed as Exhibit 5A
to Form U5S (1995). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
42 By-Laws, as amended to May 2, 1972, filed as Exhibit 4-B to Form U5S
(1972); amendment dated May 1, 1985, filed as Exhibit 3-B to Form U5S
(1985); amendment dated December 8, 1988, filed as Exhibit 4-B to Form U5S
(1988); amendment dated June 15, 1989, filed as Exhibit 2-B to Form U5S
(1989); amendment dated January 9, 1996 filed as Exhibit 3-B to Form U5S
(1995); amendment dated June 30, 1997, filed as Exhibit 3-B and amendment
dated November 1, 1997, filed as Exhibit 4-B to Form U5S (1997). The items
identified above are contained in the appropriate filing of Columbia Energy
Group.
43 Articles of Incorporation as adopted October 6, 1961, filed as Exhibit 1-A
to Form U5S (1964); amendment dated December 27, 1963, filed as Exhibit 2-A
to Form U5S (1964); amendment dated February 21, 1964, filed as Exhibit 3-A
to Form U5S (1964); Certificate of Merger of Columbia Gas of Ohio, Inc. and
The Ohio Valley Gas Company effective December 31, 1974, filed as Exhibit
5-A to Form U5S (1974); amendment dated January 8, 1982, filed as Exhibit
2-A to Form U5S (1982); amendment dated February 16, 1995, filed as exhibit
6-A to Form U5S (1995). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
44 Regulations as adopted October 16, 1961, filed as Exhibit 2-B to Form U5S
(1964); amendment dated August 19, 1968, filed as Exhibit 5-B to Form U5S
(1968); amendment dated May 1, 1985, filed as Exhibit 5-B to Form U5S
(1985); amendment dated December 9, 1985, filed as Exhibit 6-B to Form U5S
(1985); amendment dated December 8, 1988, filed as Exhibit 6-B to Form U5S
(1988); amendment dated June 15, 1989, filed as Exhibit 4-B to Form U5S
(1989); amendment dated January 9, 1996, filed as Exhibit 4-B to Form U5S
(1995); amendment dated November 1, 1997, filed as Exhibit 5-B to Form U5S
(1997). The items identified above are contained in the appropriate filing
of Columbia Energy Group.
45 Articles of Incorporation as adopted during the year 1960, filed as Exhibit
1-A to Form U5S (1962); amendment dated December 21, 1981, filed as Exhibit
4-A to Form U5S (1981); amendment dated February 15, 1995, filed as Exhibit
7-A to Form U5S (1995). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
247
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
46 By-Laws, as amended to May 2, 1972, filed as Exhibit 6-B to Form U5S
(1972); amendment dated May 1, 1985, filed as Exhibit 7-B to Form U5S
(1985); amendment dated December 8, 1988, filed as Exhibit 7-B to Form U5S
(1988); amendment dated June 15, 1989, filed as Exhibit 5-B to Form U5S
(1989); amendment dated January 9, 1996, filed as Exhibit 5-B to Form U5S
(1995); amendment dated November 1, 1997, filed as Exhibit 6-B to Form U5S
(1997). The items identified above are contained in the appropriate filing
of Columbia Energy Group.
47 Certificate of Incorporation of Commonwealth Gas Services, Inc. as amended
through December 19, 1958, and including the Certificate of Merger dated
December 18, 1979, filed as Exhibit 8-A to Form U5S (1981); amendment dated
December 30, 1987, filed as Exhibit B, page 17, to Form U5S (1987);
amendment dated February 15, 1995, filed as Exhibit 8-A to Form U5S (1995);
amendment dated January 16, 1998, filed as Exhibit 16-A to Form U5S (1997).
The items identified above are contained in the appropriate filing of
Columbia Energy Group.
48 By-Laws of Commonwealth Gas Services, Inc. as amended through March 5,
1985, filed as Exhibit 9-B to Form U5S (1985); amendment dated April 21,
1986, filed as Exhibit 6-B to Form U5S (1986); amendment dated April 20,
1987, filed as Exhibit B, page 18, to Form U5S (1987); amendment dated
January 1, 1989, filed as Exhibit 9-B to Form U5S (1988); amendment dated
June 15, 1989, filed as Exhibit 9-B to Form U5S (1989); amendment dated May
6, 1991, filed as Exhibit 3-B to Form U5S (1991); amendment dated December
7, 1992, filed as Exhibit 2-B to Form U5S (1992);amendment dated November
1, 1997, filed as Exhibit 13-B to Form U5S (1997). The items identified
above are contained in the appropriate filing of Columbia Energy Group.
49 Restated Certificate of Incorporation of Columbia Gas Transmission
Corporation dated March 3, 1982, filed as Exhibit 3-A to Form U5S (1982);
amendment dated October 22, 1984, filed as Exhibit 3-A to Form U5S (1984);
Certificate of Merger of Commonwealth Gas Pipeline Corp. into Columbia Gas
Transmission Corp. dated October 26, 1990, filed as Exhibit 1-A to Form U5S
(1990); amendment dated November 28, 1995, filed as Exhibit 6-A and
amendment dated June 30, 1997, filed as Exhibit 7-A to Form U5S (1997). The
items identified above are contained in the appropriate filing of Columbia
Energy Group.
50 By-Laws of Columbia Gas Transmission Corporation as amended through May 9,
1991, filed as Exhibit 1-B to Form U5S (1991); amendment dated January 17,
1996, file as Exhibit 3-B to Form U5S (1996). The items identified above
are contained in the appropriate filing of Columbia Energy Group.
51 Certificate of Incorporation as adopted May 26, 1958, filed as Exhibit 3-A
to Form U5S (1958); amendment dated November 10, 1981, filed as Exhibit 6-A
to Form U5S (1981); amendment dated December 23, 1994, filed as Exhibit 2-A
to Form U5S (1994); amendment dated June 30, 1997, filed as Exhibit 8-A to
Form U5S (1997). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
52 By-Laws of Columbia Gulf Transmission Company as amended through May 9,
1991, filed as Exhibit 2-B to Form U5S (1991); amendment dated January 17,
1996, file as Exhibit 4B to Form U5S (1996). The items identified above are
contained in the appropriate filing of Columbia Energy Group.
53 Certificate of Incorporation of Columbia Insurance Corporation, Ltd. dated
November 1, 1996, filed as Exhibit 2-A to Form U5S (1996); amendment to
Memorandum of Association of the Company dated August 12, 2000, filed as
Exhibit 2-A to Form U5S (2000). The items identified above are contained in
the appropriate filing of Columbia Energy Group.
54 By-laws of Columbia Insurance Corporation, Ltd. as adopted November 4,
1996, file as Exhibit 5-B to Form U5S (1996). The items identified above
are contained in the appropriate filing of Columbia Energy Group.
248
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
55 Restated Certificate of Incorporation of Columbia LNG Corporation as
amended to December 18, 1989, filed as Exhibit 18-A to Form U5S (1989);
amendments dated January 31, 1992, November 2, 1992, June 13, 1994 and
April 13, 1995 filed as Exhibits 3-A-1, 3-A-2, 3-A-3 and 3-A-4,
respectively to Form U5S; amendment dated January 15, 1997, filed as
Exhibit 9-A to Form U5S (1997; Unanimous Written Consent in Lieu of an
Organizational Meeting of the Board of Directors dated July 10, 1998, filed
as Exhibit 6-A to Form U5S (1999). The items identified above are contained
in the appropriate filing of Columbia Energy Group.
56 By-Laws of Columbia LNG Corporation as amended through October 10, 1990,
filed as Exhibit 1-B to Form U5S (1990); amendment dated July 27, 1992,
filed as Exhibit 3-B to Form U5S (1992); amendment dated December 21, 1994
filed as Exhibit 1-B to Form U5S (1994); amendment dated October 17, 1995
and amendment dated June 1, 1996, filed as Exhibits 6B and 7B to Form U5S
(1996). The items identified above are contained in the appropriate filing
of Columbia Energy Group.
57 Certificate of Incorporation of CLNG Corporation as adopted January 21,
1994, filed as Exhibit 4-A to Form U5S (1994). The items identified above
are contained in the appropriate filing of Columbia Energy Group.
58 By-Laws of CLNG Corporation as amended through December 21, 1994 filed as
Exhibit -B to Form U5S (1994). The items identified above are contained in
the appropriate filing of Columbia Energy Group.
59 Certificate of Incorporation of Columbia Network Services Corporation dated
June 7, 1996, filed as Exhibit 3-A Form U5S (1996). The items identified
above are contained in the appropriate filing of Columbia Energy Group.
60 By-Laws of Columbia Network Services Corporation as adopted August 29,
1996, filed as Exhibit 8-B to Form U5S (1996). The items identified above
are contained in the appropriate filing of Columbia Energy Group. Amendment
to the By-Laws dated May 1, 2001, filed as Exhibit B-9 to Form U5S (2001),
and Amendment to the By-Laws dated June 4, 2001, filed as Exhibit B-10 to
Form U5S (2001).
61 Certificate of Incorporation of CNS Microwave Inc., dated October 15, 1996,
filed as Exhibit 4-A to Form U5S (1996). The items identified above are
contained in the appropriate filing of Columbia Energy Group.
62 By-Laws of CNS Microwave, Inc. as adopted October 25, 1996, filed as
Exhibit 9-B to Form U5S (1996). The items identified above are contained in
the appropriate filing of Columbia Energy Group. Amendment to the By-Laws
dated May 1, 2001, filed as Exhibit B-11 to Form U5S (2001) and Amendment
to the By-Laws dated June 4, 2001, filed as Exhibit B-12 to Form U5S
(2001).
63 Certificate of Incorporation of Columbia Petroleum Corporation dated March
12, 1999, filed as Exhibit 9-A to Form U5S (1999). The items identified
above are contained in the appropriate filing of Columbia Energy Group.
64 By-Laws of Columbia Petroleum Corporation dated March 12, 1999, filed as
Exhibit 4-B to Form U5S (1999). The items identified above are contained in
the appropriate filing of Columbia Energy Group.
65 Certificate of Incorporation of Columbia Pipeline Corporation dated October
13, 1998, filed as Exhibit 4-A to Form U5S (1998). The items identified
above are contained in the appropriate filing of Columbia Energy Group.
249
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
66 By-Laws of Columbia Pipeline Corporation dated November 1, 1998, filed as
Exhibit 4-B to Form U5S (1998). The items identified above are contained in
the appropriate filing of Columbia Energy Group. Amendment to the By-Laws
dated May 1, 2001, filed as Exhibit B-13 to Form U5S (2001), and Amendment
to the By-Laws dated June 4, 2001, filed as Exhibit B-14 to Form U5S
(2001).
67 Certificate of Incorporation of Columbia Deep Water Services Company dated
January 7, 1998, filed as Exhibit 5-A to Form U5S (1998). The items
identified above are contained in the appropriate filing of Columbia Energy
Group.
68 By-Laws of Columbia Deep Water Services Company dated January 8, 1998,
filed as Exhibit 5-B to Form U5S (1998). The items identified above are
contained in the appropriate filing of Columbia Energy Group. Amendment to
the By-Laws dated May 1, 2001, filed as Exhibit B-15 to Form U5S (2001),
and amendment to the By-Laws dated June 4, 2001, filed as Exhibit B-16 to
Form U5S (2001).
69 Certificate of Incorporation of Columbia Electric Remainder Corporation
dated October 23, 2000, filed as Exhibit 3-A to Form U5S (2000). The items
identified above are contained in the appropriate filing of Columbia Energy
Group.
70 By-Laws of Columbia Electric Remainder Corporation dated October 23, 2000,
filed as Exhibit 5-B to Form U5S (2000). The items identified above are
contained in the appropriate filing of Columbia Energy Group. Amendment to
the By-Laws dated April 10, 2001, filed as Exhibit B-17 to Form U5S (2001).
71 Certificate of Incorporation of TVC Two Corporation dated December 28,
1989, filed as Exhibit 7-A to Form U5S (1989); amendment changing name to
TriStar Binghamton General Corporation, dated May 8, 1990, filed as Exhibit
6-A to Form U5S (1990); amendment changing name to Columbia Electric
Binghamton General Corporation, dated August 4, 1998, filed as Exhibit 16-A
to Form U5S (1998). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
72 By-Laws of TVC Two Corporation (name later changed to TriStar Binghamton
General Corporation) dated December 28, 1989, filed as Exhibit 17-B to Form
U5S (1989). The items identified above are contained in the appropriate
filing of Columbia Energy Group. Amendment to the By-Laws dated June 4,
2001, filed as Exhibit B-18 to Form U5S (2001).
73 Certificate of Incorporation of TVC Three Corporation dated December 28,
1989, filed as Exhibit 8-A to Form U5S (1989); amendment changing name to
TriStar Binghamton Limited Corporation, dated May 8, 1990, filed as Exhibit
7-A to Form U5S (1990); amendment changing name to Columbia Electric
Binghamton Limited Corporation, dated August 4, 1998, filed as Exhibit 17-A
to Form U5S (1998). The items identified above are contained in the
appropriate filing of Columbia Energy Group.
74 By-Laws of TVC Three Corporation (name later changed to TriStar Binghamton
Limited Corporation) dated December 28, 1989, filed as Exhibit 19-B to Form
U5S (1989). Amendment to the By-Laws dated June 4, 2001, filed as Exhibit
B-18 to Form U5S (2001).
75 Certificate of Incorporation of Columbia Electric Haverstraw Corporation
dated September 14, 1999, filed as Exhibit 21-A to Form U5S (1999).
Amendment to the By-Laws dated June 4, 2001, filed as Exhibit B-20 to Form
U5S (2001).
76 By-Laws of Columbia Electric Haverstraw Corporation dated September 14,
1999, filed as Exhibit 14-B to Form U5S (1999).
250
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
77 Haverstraw Bay, LLC Articles of Incorporation (See Number 79 below)
78 Haverstraw Bay, LLC By-Laws (See Number 80 below).
79 Haverstraw Bay, LLC Articles of Incorporation are currently not available.
They will be filed by amendment.
80 Haverstraw Bay, LLC By-Laws are currently not available. They will be filed
by amendment
81 Columbia Service Partners, Inc. Articles of Incorporation are currently not
available and will be filed by amendment.
82 Columbia Service Partners, Inc. By-Laws are currently not available and
will be filed by amendment.
83 Article of Incorporation of Columbia Assurance Agency, Inc., dated June 23,
1997, filed as Exhibit 2-A to Form U5S (1998); amendment dated May 3, 1999,
filed as Exhibit 5-A to Form U5S (1999).
84 Code of Regulations of Columbia Assurance Agency, Inc., dated July 30,
1997, filed as Exhibit 3-B to Form U5S (1998).
85 Certificate of Incorporation of Columbia Energy Telecommunications Company
dated April 17, 1998 filed as Exhibit 10-A and amendment-changing name to
Columbia Transmission Communications Corporation, dated September 24, 1997
filed as Exhibit 11-A to Form U5S (1998).
86 By-Laws of Columbia Energy Telecommunications Company dated May 11, 1998,
filed as Exhibit 8-B to Form U5S (1998).
87 EnergyUSA, Inc. (IN) Certificate of Incorporation dated March 26, 1999,
filed as Exhibit A-7 to Form U5S (2001).
88 EnergyUSA, Inc. (IN) Amended By-Laws dated May 1, 1999, filed as Exhibit
B-21 to Form U5S (2001).
89 EnergyUSA, Inc. (MA) Articles of Organization of Energy Asset Funding, Inc.
(n/k/a EnergyUSA, Inc.) dated September 26, 1995, filed as Exhibit A-8 for
Form U5S (2001), Articles of Amendment regarding name change to EnergyUSA,
Inc. dated August 9, 1996, filed as Exhibit A-9 to Form U5S (2001),
Certificate of Change of Fiscal Year End dated October 13, 1999, filed as
Exhibit A-10 to Form U5S (2001).
90 EnergyUSA, Inc. (MA) Amended By-Laws dated April 11, 2001, filed as Exhibit
B-22 to Form U5S (2001).
91 Articles of Organization dated November 13, 1997, filed as Exhibit A-11 to
Form U5S (2001).
92 EnergySPE, Inc. Amended By-Laws dated April 11, 2001, filed as Exhibit B-23
to Form U5S (2001).
93 EnergyUSA, Inc. (CT) Certificate of Incorporation of Savage-Alert, Inc.
(n/k/a EnergyUSA, Inc. (CT)) dated December 20, 1993, filed as Exhibit A-12
to Form U5S (2001), Certificate of Amendment regarding name change to
Savage Alert, Inc. dated July 1, 1998, identified as Exhibit A-13 to Form
U5S (2001) but not currently available. This exhibit will be filed by
amendment. Certificate of Amendment regarding name change to EnergyUSA,
Inc. dated January 22, 2001, filed as Exhibit A-14 to Form U5S (2001).
251
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
94 EnergyUSA, Inc. (CT) By-Laws dated December 30, 1993, filed as Exhibit B-24
to Form U5S (2001) and amended By-Laws dated April 11, 2001, filed as
Exhibit B-25 to Form U5S (2001).
95 Brayer Energy Solutions, Inc Articles of Incorporation dated July 28, 1998,
filed as Exhibit A-15 to Form U5S (2001).
96 Brayer Energy Solutions, Inc. By-Laws dated October 28, 1998, filed as
Exhibit B-26 to Form U5S (2001).
97 EnergyUSA Engineering, Inc. Certificate of Incorporation of Savage
Engineering, Inc. (n/k/a Energy USA Engineering, Inc.) dated March 1, 1982,
filed as Exhibit A-16 to Form U5S (2001), Certificate of Amendment
regarding name change to EnergyUSA Engineering, Inc. dated May 18, 2001,
filed as Exhibit A-17 to Form U5S (2001).
98 EnergyUSA Engineering, Inc. By-Laws dated March 1, 1982, filed as Exhibit
B-27 to Form U5S (2001).
99 EnergyUSA Mechanical, Inc. Certificate of Incorporation of Alert, Inc.
(n/k/a EnergyUSA Mechanical, Inc.) dated July 29, 1982, filed as Exhibit
A-18 to Form U5S (2001), Certificate of Amendment regarding name change to
EnergyUSA Mechanical, Inc. dated may 18, 2001, filed as Exhibit A-19 to
Form U5S (2001).
100 EnergyUSA Mechanical, Inc. By-Laws dated May 2, 1998, filed as Exhibit B-28
to Form U5S (2001).
101 EnergyUSA Commercial Energy Services, Inc. Certificate of Incorporation of
NESI Energy Services Company (n/k/a EnergyUSA Commercial Energy Services
Inc.) dated January 31, 1997, filed as Exhibit A-20 to Form US (2001),
Articles of Merger of Parkway Engineering and Distributing Company, Inc.
into NESI Energy Services Company dated May 1, 1998. Surviving
corporation's name is NESI Solutions, Inc., filed as Exhibit A-21 to Form
U5S (2001), Articles of Amendment regarding name change to EnergyUSA
Commercial, Inc. dated May 27, 1999, filed as Exhibit A-22 to Form U5S
(2001), Articles of Amendment regarding name change to EnergyUSA Commercial
Energy Services, Inc. dated February 15, 2000, files as Exhibit A-23 to
Form U5S (2001).
102 EnergyUSA Commercial Energy Services, Inc. Amended and Restated By-Laws
dated May 2, 1998, filed as Exhibit B-29 to Form U5S (2001), and amendment
to the By-Laws dated April 11, 2001, filed as Exhibit B-30, to Form U5S
(2001).
103 EnergyUSA Retail, Inc. Certificate of Incorporation of NESI Integrated
Energy Resources, Inc. (n/k/a EnergyUSA Retail, Inc.) dated January 28,
1997, filed as Exhibit A-24 on Form U5S (2001), Articles of Amendment
regarding name change to EnergyUSA Retail, Inc. dated March 11, 1999, filed
as Exhibit A-25 to Form U5S (2001).
104 EnergyUSA Retail, Inc. Amended and Restated By-Laws dated March 11, 1999,
filed as Exhibit B-31 to Form U5S (2001).
105 EnergyUSA Consumer Products Group, Inc. Articles of Organization dated
December 14, 1999, filed as Exhibit A-26 for Form U5S (2001).
106 EnergyUSA Consumer Products Group, Inc. Amended and Restated By-Laws dated
April 11, 2001, filed as Exhibit B-32 to From U5S (2001).
252
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
107 EnergyUSA-TPC Corp Certificate of Incorporation of EnergyUSA Gas Marketing
Co. (n/k/a EnergyUSA-TPC Corp.) dated August 10, 2000, filed as Exhibit
A-27 for Form U5S (2001), Articles of Amendment regarding name change to
EnergyUSA-TPC Corp dated September 19, 2000, filed as Exhibit A-28 to Form
U5S (2001).
108 EnergyUSA-TPC Corp. Amended and Restated By-Laws dated September 19, 2000
filed as Exhibit B-33 to Form U5S (2001).
109 EnergyUSA Appalachian Corp. Articles of Incorporation are currently not
available and will be filed by amendment.
110 EnergyUSA-Appalachian Corp. By-Laws dated February 19, 2001, filed as
Exhibit B-34 to Form U5S (2001).
111 MS-1 Distribution & Storage Corporation Charter of Incorporation of
Williamsville Water Company (n/k/a MS-1 Distribution & Storage Corporation)
dated November 26, 1956, filed as Exhibit A-30 for Form U5S (2001),
Amendment to the Articles of Incorporation regarding name change to MS-1
Distribution & Storage Corporation dated August 16, 1993, filed as Exhibit
A-31 to Form U5S (2001).
112 MS-1 Distribution & Storage Corp. By-Laws dated September 15, 2000 filed as
Exhibit B0-35 to Form U5S (2001).
113 NESI Energy Marketing, L.L.C. Certificate of Organization dated July 26,
1995, filed as Exhibit A-32 for Form U5S (2001).
114 NESI Energy Marketing, L.L.C By-Laws are currently not available and will
be filed by amendment.
115 NI Energy Services Transportation, Inc. Articles of Incorporation dated
June 18, 1998, filed as Exhibit A-33 to Form U5S (2001).
116 NI Energy Services Transportation, Inc. By-Laws dated June 18, 1998 filed
as Exhibit B-36 to Form U5S (2001), and amendment to the By-Laws dated
April 11, 2001, filed as Exhibit B-37 to From U5S (2001).
117 NI Fuel Company, Inc. Certificate of Incorporation of NIPSCO Fuel Company,
Inc. (n/k/a NI Fuel Company, Inc.) dated December 23, 1974, filed as
Exhibit A-34 on Form U5S (2001), Articles of Amendment regarding name
change to NI Fuel Company, Inc dated April 20, 1999, filed as Exhibit A-35
to Form U5S (2001).
118 NI Fuel Company, Inc. Amended and Restated By-Laws dated April 10, 1991
filed as Exhibit B-38 to Form U5S (2001).
119 NI-TEX, Inc. Certificate of Incorporation dated August 26, 1988, filed as
Exhibit A-36 to Form U5S (2001).
120 NI-TEX, Inc. Amended and Restated By-Laws dated April 11, 2001, as Exhibit
B-39 to From U5S (2001).
121 NI-Tex Gas Services, Inc. Articles of Incorporation are currently not
available and will be filed by amendment.
122 NI-Tex Gas Services, Inc. By-Laws dated November 18, 1998, as Exhibit B-40
to Form U5S (2001).
123 Kokomo Gas and Fuel Company Restatement of Articles of Incorporation, filed
as Exhibit A-37 to Form U5S (2001).
253
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
124 Kokomo Gas and Fuel Company Amended and Restated By-Laws dated February 28,
2002, filed as Exhibit B-41 to Form U5S (2001).
125 KGF Trading Company certificate of Incorporation dated July 31, 1992, filed
as Exhibit A-39 to Form U5S (2001).
126 KGF Trading Company By-Laws dated July 31, 1992, filed as Exhibit B-42 to
Form U5S (2001).
127 NI Energy Services, Inc. Certificate of Incorporation of NIPSCO Energy
Services, Inc. (n/k/a NI Energy Services, Inc.) dated November 12, 1985,
filed as Exhibit A-39 to Form U5S (2001), Articles of Amendment regarding
name change to NI Energy Services, Inc. dated February 27, 1998, filed as
Exhibit A-40 to From U5S (2001).
128 NI Energy Services, Inc. By -Laws dated July 1, 1996, filed as Exhibit B-43
to Form U5S (2001), and amendment to the By-Laws dated April 11, 2001, as
filed to Form U5S (2001).
129 Crossroads Pipeline Company Certificate of Incorporation of NI Pipeline
Company (n/k/a Crossroads Pipeline Company) dated April 5, 1993, filed as
Exhibit A-41 on Form U5S (2001), Articles of Amendment regarding name
change to Crossroads Pipeline Company dated April 15, 1993, filed as
Exhibit A-42 on Form U5S (2001).
130 Crossroads Pipeline Company Amended and Restated By-Laws dated May 1, 2001
filed as Exhibit B-45 to Form U5S (2001).
131 Green Fuels, Inc. Certificate of Incorporation dated February 23, 1995,
filed as Exhibit A-43 to Form U5S (2001).
132 Green Fuels, Inc. By-Laws are not available and the business entity was
dissolved on February 1, 2002 and is no longer a system company.
133 NESI Power Marketing, Inc. Certificate of Incorporation on Customer
Information Services, Inc. (n/k/a NESI Power Marketing, Inc.) dated July
18, 1996, filed as Exhibit A-44 on From U5S (2001), Articles of Amendment
regarding name change to NESI Power Marketing, Inc. dated December 11,
1996, filed as Exhibit A-45 on From U5S (2001).
134 NESI Power Marketing, Inc. By-Laws dated November 15, 1996, filed as
Exhibit B-46 to Form U5S (2001).
135 NiSource Energy Services Canada, Ltd. organizational documents are
currently not available and will be filed by amendment.
136 NiSource Energy Services Canada, Ltd. By-Laws are currently not available
and will be filed by amendment.
137 NESI Energy Services Canada, Ltd. organizational documents are currently
not available and will be filed by amendment.
138 NESI Energy Services Canada, Ltd. By-Laws are currently not available and
will be filed by amendment.
139 NiSource Capital Markets, Inc. Articles of Incorporation of NIPSCO Capital
Markets, Inc. (n/k/a NiSource Capital Markets, Inc.) dated March 10, 1989,
filed as Exhibit A-46 on Form U5S (2001), Articles of Amendment regarding
name change to NiSource Capital Markets, Inc. dated April 21, 1999, filed
as Exhibit A-47 on Form U5S (2001).
254
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
140 NiSource Capital Markets, Inc. Amended and Restated By-Laws dated April 21,
1999, filed as Exhibit B-47 to Form U5S (2001).
141 NiSource Capital Trust I Certificate of Trust of NIPSCO Capital Trust I
(n/k/a NiSource Capital Trust I) dated December 17, 1998, filed as Exhibit
A-48 to Form U5S (2001), Certificate of Amendment of Certificate of Trust
regarding name change to NiSource Capital Trust I dated December 19, 2001,
filed as Exhibit A-49 on Form U5S (2001).
142 NiSource Capital Trust I By-Laws are not available for trust.
143 Certificate of Incorporation, as amended through May 17, 1991, filed as
Exhibit 3-A to Form U5S (1991); amendment dated June 30, 1997, filed as
Exhibit 5-A to Form U5S (1997); amendment dated January 16, 1998, filed as
Exhibit 3-A to Form U5S (1998); Certificate of Merger of NiSource Corporate
Services Company and Columbia Energy Group Service Corporation dated
December 22, 2001, filed as Exhibit 1-A to Form U5S (2000). Certificate of
Merger of NiSource Corporate Services Company into Columbia Energy Group
Service Corporation. Surviving corporation's name is NiSource Corporate
Services Company, filed as Exhibit A-50 on Form U5S (2001).
144 By-Laws, as amended February 10, 1988, filed as Exhibit 8-B to Form U5S
(1988); amendment dated December 29, 1997, filed as Exhibit 7-B to Form U5S
(1997); By-Laws dated November 1, 2000, filed as Exhibit 4-B to Form U5S
(2000). Amended and Restated By-Laws dated January 1, 2001, filed as
Exhibit B-48 to Form U5S (2001).
145 NiSource Development Company, Inc. Certificate of Incorporation of NIPSCO
Development Company, Inc. (n/k/a NiSource Development Company, Inc.) dated
August 17, 1987, filed as form U5S (2001), Articles of Amendment regarding
name change to NiSource Development Company, Inc. dated April 20, 1999,
filed as Exhibit A-52 on Form U5S (2001).
146 NiSource Development Company, Inc. Amended and Restated By-Laws dated July
1, 1996, filed as Exhibit B-49 to Form U5S (2001), amendment to the By-Laws
dated April 11, 2001, filed as Exhibit B-50 to From U5S (2001).
147 Analytic Systems Laboratories, Inc. Certificate of Incorporation dated
October 12, 1990, filed as Exhibit A-53 on Form U5S (2001), Articles of
Amendment dated November 15, 1990, filed as Exhibit A-54 on Form U5S
(2001), Articles of Amendment dated January 30, 1991, filed as Exhibit A-55
on Form U5S (2001), Articles of Amendment dated May 19, 1992, filed as
Exhibit A-56 on Form U5S (2001).
148 Analytic Systems Laboratories, Inc. By-Laws are currently not available to
file electronically and the business was dissolved on February 1, 2002 and
is no longer a part of the company system.
149 Cardinal Property Management, Inc. Certificate of Incorporation dated
November 14, 1990, filed as Exhibit A-57 on Form U5S (2001).
150 Cardinal Property Management, Inc. By-Laws dated December 20, 1990, filed
as Exhibit B-51 to Form U5S (2001), amendment to the By-Laws dated April
14, 1999, filed as Exhibit B-52 to Form U5S (2001).
151 Customer Information Services, Inc. Certificate of Incorporation of RIC,
Inc. (n/k/a Customer Information Services, Inc. (dated November 14, 1990,
filed as Exhibit A-58 on Form U5S (2001), Articles of Amendment regarding
name change to Customer Information Services, Inc. dated May 21, 1998,
filed as Exhibit A-59 on Form U5S (2001).
255
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
152 Customer Information Systems, Inc. By-Laws are currently not available to
file electronically and the business was dissolved on January 24, 2002 and
is no longer a part of the company system
153 JOF Transportation Company Certificate of Incorporation dated December 8,
1989, filed as Exhibit A-60 on Form U5S (2001)
154 JOF Transportation Company By-Laws dated December 11, 1989, filed as
Exhibit B-53 to Form U5S (2001), amendment to the By-Laws dated April 11,
2001, filed as Exhibit B-54 to Form U5S (2001).
155 KOGAF Enterprises, Inc. Certificate of Incorporation dated June 6, 1974,
filed as Exhibit A-61 on Form U5S (2001)
156 KOGAF Enterprises, Inc. By-Laws are currently not available to file
electronically and the business was dissolved on March 25, 2002 and is no
longer a part of the company system.
157 Lake Erie Land Company Certificate of Incorporation dated October 12, 1989,
filed as Exhibit A-62 on From U5S (2001).
158 Lake Erie Land Company By-Laws dated April 4, 1990, filed as Exhibit B-55
to Form U5S (2001).
159 SCC Services, Inc. Certificate of Incorporation dated January 23, 1992,
filed as Exhibit A-64 on Form U5S (2001).
160 SCC Services, Inc. By-Laws dated January 24, 1992, filed as Exhibit B-56 to
Form U5S (2001), amendment to the By-Laws dated April 11, 2001, filed as
Exhibit B-57 to Form U5S (2001).
161 NDC Douglas Properties, Inc. Certificate of Incorporation dated March 19,
1992, filed as Exhibit A-64 on From U5S (2001).
162 NDC Douglas Properties, Inc. By-Laws dated March 24, 1992, filed as Exhibit
B-58 to Form U5S (2001).
163 Progeni, Inc. Certificate of Incorporation of NI Product Development
Company (n/k/a Progeni, Inc.) dated June 21, 1997, filed as Exhibit A-64 on
Form U5S (2001), Articles of Amendment regarding name change to Progeni,
Inc. dated January 20, 19998, filed on Form U5S (2001).
164 Progeni, Inc. By-Laws dated June 27, 1997, filed as Exhibit B-59 to Form
U5S (2001).
165 Protonics Research, Inc. Certificate of Incorporation dated January 28,
1997, filed as Exhibit A-67 on Form U5S (2001).
166 Protonics Research, Inc. By-Laws dated January 28, 1997, filed as Exhibit
B-60 to Form U5S (2001).
167 South Works Power Company Certificate of Incorporation dated June 10, 1999,
filed as Exhibit A-68 on Form U5S (2001).
168 South Works Power Company By-Laws dated June 10, 1999, filed as Exhibit
B-61 to Form U5S (2001).
169 NiSource Energy Technologies, Inc. Certificate of Incorporation dated
October 27, 2000, filed as Exhibit A-69 on Form U5S (2001).
256
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
170 NiSource Energy Technologies, Inc. By-Laws dated October 27, 2000, filed as
Exhibit B-62 to Form U5S (2001).
171 NiSource Finance Corp. Certificate of Incorporation dated March 31, 2000,
filed as Exhibit A-70 on From U5S (2001).
172 NiSource Finance Corp. By-Laws dated March 31, 2000, filed as Exhibit B-63
to Form U5S (2001).
173 NiSource Pipeline Group, Inc. Certificate of Incorporation dated May 24,
1999, filed as Exhibit A-71 on From U5S (2001).
174 NiSource Pipeline Group, Inc. By-Laws dated May 1, 2001, filed as Exhibit
B-64 to Form U5S (2001).
175 Granite State Gas Transmission, Inc. Articles of Organization are currently
not available and will be filed by amendment.
176 Granite State Gas Transmission, Inc. Amended and Restated By-Laws dated
June 14, 2001, filed as Exhibit B-65 to Form U5S (2001).
177 Bay State Energy Enterprises, Inc. Articles of Organization dated June 5,
1995, filed as Exhibit A-72 on From U5S (2001).
178 Bay State Energy Enterprises, Inc. Amended and Restated By-Laws dated June
4, 2001, filed as Exhibit B-66 to Form U5S (2001).
179 Natural Gas Development, Inc. Articles of Organization dated October 22,
1996, filed as Exhibit A-73 on From U5S (2001).
180 Natural Gas Development, Inc. Amended and Restated By-Laws dated June 4,
2001, filed as Exhibit B-67 to Form U5S (2001).
181 PNGTS Holding Corp. Certificate of Incorporation of NI Energy Services
Development Corp. (n/k/a PNGTS Holding Crop.) dated February 27, 1998,
filed as Exhibit A-74 on From U5S (2001), Articles of Amendment regarding
name change to PNGTS Holding Corp. dated July 6, 1999, filed as Exhibit
A-75 on From U5S (2001).
182 PNGTS Holding Corp. Amended and Restated By-Laws dated May 1, 2001, filed
as Exhibit B-68 to Form U5S (2001).
183 Northern Indiana Fuel & Light Company, Inc. Articles of Incorporation are
currently not available and will be filed by amendment.
184 Northern Indiana Fuel & Light Company, Inc. Amended and Restate By-Laws
dated April 13, 1971, filed as Exhibit B-69 to Form U5S (2001).
185 Northern Indiana Trading Company, Inc. Certificate of Incorporation dated
February 10, 1988, filed as Exhibit A-76 on From U5S (2001).
186 Northern Indiana Trading Company, Inc. By-Laws dated February 17, 1988,
filed as Exhibit B-70 to Form U5S (2001).
187 Northern Indiana Public Service Company Amended Articles of Incorporation
dated April 14, 1982, filed as Exhibit A-77 on From U5S (2001), Articles of
Amendment regarding director dated may 5, 1982, filed as Exhibit A-78 on
From U5S (2001), Articles of Amendment regarding directors dated November
9, 2000, filed as Exhibit A-79 on From U5S (2001).
257
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
188 Northern Indiana Public Service Company Amended and Restated By-Laws dated
October 24, 2000, filed as Exhibit B-71 to Form U5S (2001).
189 NIPSCO Exploration Company, Inc. Articles of Incorporation dated May 22,
1973, filed as Exhibit A-80 on From U5S (2001).
190 NIPSCO Exploration Company, Inc. By-Laws are currently not available to
file electronically and the business was dissolved on February 1, 2002 and
is no longer a part of the company system.
191 Primary Energy, Inc. Certificate of Incorporation dated November 27, 1995,
filed as Exhibit A-81 on From U5S (2001).
192 Primary Energy, Inc. By-Laws dated December 1, 2001, filed as Exhibit B-72
to Form U5S (2001).
193 Cokenergy, Inc. Certificate of Incorporation dated October 17, 1996, filed
as Exhibit A-82 on From U5S (2001).
194 Cokenergy, Inc. Amended and Restated By-Laws dated April 8, 1998, filed as
Exhibit B-73 to Form U5S (2001).
195 Harbor Coal Company Articles of Incorporation are currently not available
and will be filed by amendment.
196 Harbor Coal Company By-Laws dated July 21, 1992, filed as Exhibit B-74 to
Form U5S (2001).
197 Ironside Energy LLC Certificate of Organization dated November 9, 1999,
filed as Exhibit A-84 on From U5S (2001).
198 Ironside Energy LLC By-Laws are currently not available and will be filed
by amendment.
199 Lakeside Energy Corporation Certificate of Incorporation dated May 13,
1994, filed as Exhibit A-85 on From U5S (2001).
200 Lakeside Energy Corporation By-Laws dated may 13, 1994, filed as Exhibit
B-75 to Form U5S (2001), amendment to the By-Laws dated April 11, 2001,
filed as Exhibit B-76 to Form U5S (2001).
201 North Lake Energy Corporation Certificate of Incorporation dated November
21, 1994, filed as Exhibit A-86 on From U5S (2001).
202 North Lake Energy Corporation Amended and Restated By-Laws dated April 11,
2001, filed as Exhibit B-77 to Form U5S (2001).
203 Portside Energy Corporation Certificate of Incorporation dated September
14, 1995, filed as Exhibit A-87 on From U5S (2001).
204 Portside Energy Corporation By-Laws dated September 14, 1995, filed as
Exhibit B-78 to From U5S (2001), amendment to the By-Laws dated April 11,
2001, filed as Exhibit B-70 to Form U5S (2001).
205 Whiting Clean Energy, Inc. Certificate of Incorporation of Oilside, Inc.
(n/k/a Whiting Clean Energy, Inc.) dated November 12, 1998, filed as
Exhibit A-88 on From U5S (2001), Articles of Amendment regarding name
change to Whiting Clean Energy, Inc. dated March 11, 1999, filed as Exhibit
A-89 on From U5S (2001).
258
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT B. INDEX TO CORPORATE ORGANIZATION AND BY-LAWS EXHIBITS FILED PURSUANT
TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935. (CONTINUED)
NOTES:
206 Whiting Clean Energy, Inc. Amended and Restated By-Laws dated March 11,
1999, filed as Exhibit B-80 to Form U5S (2001); amendment to the By-Laws
dated April 11, 2001, filed as Exhibit B-81 to Form U5S (2001).
207 SM&P Utility Resources, Inc. Articles of Incorporation are not available
and the company was sold and is no longer a part of the company system.
208 SM&P Utility Resources, Inc. By-Laws are not available and the company was
sold and is no longer a part of the company system.
209 Colcom, Inc. Articles of Incorporation are not available and the company
was sold in 2002 and is no longer a part of the company system.
210 Colcom, Inc. By-Laws are not available and the company was sold in 2002 and
is no longer a part of the company system.
259
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT C. INDENTURES OR CONTRACTS.
The indentures and other fundamental documents defining the rights of
security holders are incorporated herein by reference made to NiSource Inc.'s
2001 Form 10-K, Columbia Energy Group's 2001 Form 10-K and Northern Indiana
Public Service Company's 2001 Form 10-K as shown in Exhibit A filed herewith.
260
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT D. TAX ALLOCATION AGREEMENT FOR 2001.
Incorporated by reference to Exhibit B-4 to the Application on Form U-1 in
File No. 70-9681.
261
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT E. OTHER DOCUMENTS PRESCRIBED BY RULE OR ORDER.
None.
262
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT F. REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS.
NiSource Inc.:
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
TO THE BOARD OF DIRECTORS OF NISOURCE INC.:
We have audited the accompanying consolidated balance sheets and statements
of consolidated capitalization and long-term debt of NiSource Inc. and
subsidiaries as of December 31, 2001 and 2000, and the related statements of
consolidated income, common stockholders' equity and cash flows for each of the
three years in the period ended December 31, 2001. These financial statements
are the responsibility of NiSource's management. Our responsibility is to
express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally
accepted in the United States. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of NiSource Inc. and
subsidiaries as of December 31, 2001 and 2000, and the results of their
operations and their cash flows for each of the three years in the period ended
December 31, 2001, in conformity with accounting principles generally accepted
in the United States.
As explained in Note 2 to the financial statements, NiSource Inc. has given
retroactive effect to the change in accounting for acquisition, exploration and
development activities related to oil and gas reserves from the full cost method
to the successful efforts method. As explained in Note 8 to the financial
statements, effective January 1, 2001, NiSource Inc. adopted Statement of
Financial Accounting Standards No. 133, "Accounting for Derivatives Instruments
and Hedging Activities," as amended.
Our audits were made for the purpose of forming an opinion on the basic
consolidated financial statements taken as a whole. The schedules listed in the
Index to Item 8, Financial Statements and Supplementary Data are presented for
purposes of complying with the Securities and Exchange Commission's rules and
are not part of the basic consolidated financial statements. These schedules
have been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in our opinion, fairly states in all material respects
the financial data required to be set forth therein in relation to the basic
consolidated financial statements taken as a whole.
Arthur Andersen LLP
Chicago, Illinois
January 29, 2002
263
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT F. REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS. (CONTINUED)
Columbia Energy Group:
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
TO THE SHAREHOLDER OF COLUMBIA ENERGY GROUP:
We have audited the accompanying consolidated balance sheets of Columbia
Energy Group (a Delaware corporation, the "Corporation" and a wholly owned
subsidiary of NiSource Inc.) and subsidiaries as of December 31, 2001, and 2000,
and the related statements of consolidated income, cash flows and common stock
equity for the three years then ended December 31, 2001. These financial
statements are the responsibility of the Corporation's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with auditing standards generally
accepted in the United States. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of the Corporation and
subsidiaries as of December 31, 2001, and 2000, and the results of their
operations and their cash flows for the three years then ended, in conformity
with accounting principles generally accepted in the United States.
As explained in Note 1E to the financial statements, the Corporation has
given retroactive effect to the change in accounting for acquisition,
exploration and development activities related to oil and gas reserves from the
full cost method to the successful efforts method. Further, as explained in Note
7 to the financial statements, effective January 1, 2001, the Corporation
adopted Statement of Financial Accounting Standards No. 133, "Accounting for
Derivatives Instruments and Hedging Activities," as amended.
Our audits were made for the purpose of forming an opinion on the basic
consolidated financial statements taken as a whole. The schedule listed in the
Index to Item 8, Financial Statements and Supplementary Data, is presented for
purposes of complying with the Securities and Exchange Commission's rules and is
not part of the basic consolidated financial statements. This schedule has been
subjected to the auditing procedures applied in our audits of the basic
consolidated financial statements and, in our opinion, fairly states in all
material respects the financial data required to be set forth therein in
relation to the basic consolidated financial statements taken as a whole.
ARTHUR ANDERSEN LLP
New York, New York
January 29, 2002
264
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART.
COMPLETE CORPORATE STRUCTURE OF NISOURCE INC. AND
DIRECT SUBSIDIARIES AS OF DECEMBER 31, 2001
[CHART]
265
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
CORPORATE CENTER GROUP SUBSIDIARIES
AS AT DECEMBER 31, 2001
[CHART]
266
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
NISOURCE BUSINESS SERVICES GROUP SUBSIDIARIES
AS OF DECEMBER 31, 2001
[CHART]
267
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
ENERGY DISTRIBUTION GROUP SUBSIDIARIES
(WITH ADDITIONAL OTHER PRODUCTS AND SERVICES SUBSIDIARIES)
AS OF DECEMBER 31, 2001
[CHART]
268
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
COMPLETE PIPELINE GROUP SUBSIDIARIES
(WITH ADDITIONAL OTHER PRODUCTS AND SERVICES SUBSIDIARIES)
AS OF DECEMBER 31, 2001
[CHART]
269
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
EXPLORATION & PRODUCTION GROUP SUBSIDIARIES
AS OF DECEMBER 31, 2001
[CHART]
270
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
MERCHANT ENERGY GROUP SUBSIDIARIES
AS OF DECEMBER 31, 2001
[CHART]
271
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
ENERGY TECHNOLOGIES GROUP SUBSIDIARIES/INVESTMENTS
AS OF DECEMBER 31, 2001
[CHART]
272
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
CERTAIN OTHER PRODUCTS AND SERVICES SUBSIDIARIES
AS OF DECEMBER 31, 2001
[CHART]
273
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
CERTAIN OTHER PRODUCTS AND SERVICES SUBSIDIARIES
AS OF DECEMBER 31, 2001
[CHART]
274
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT G. SYSTEM ORGANIZATION CHART. (CONTINUED)
CERTAIN OTHER PRODUCTS AND SERVICES
AND DISCONTINUED OPERATIONS
AS OF DECEMBER 31, 2001
[CHART]
275
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (continued)
EXHIBIT H. FINANCIAL STATEMENTS OF EWG OR FOREIGN UTILITY COMPANY.
CONFIDENTIAL TREATMENT REQUESTED.
276