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CONFIDENTIAL
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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.
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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
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THIS AMENDMENT NO. 3 TO NISOURCE INC. FORM U5S ANNUAL REPORT FOR THE YEAR ENDED
DECEMBER 31, 2001, IS BEING FILED TO UPDATE ITEM 1 TO INCLUDE IWC RESOURCES
CORPORATION AND ITS SUBSIDIARIES, FOOTNOTES RELATED TO TRANSACTIONS INVOLVING
ENERGYUSA APPALACHIAN CORP. AND NISOURCE CORPORATE SERVICES COMPANY AND
COMPANIES DISSOLVED DURING 2001, AND ADDITIONAL INDICATIONS OF INACTIVE
SUBSIDIARIES.
TABLE OF CONTENTS
Page or
Exhibit No.
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Item 1. System Companies and Investment Therein as of December 31, 2001........... 3
Signature.......................................................................... 9
2
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
ITEM 1 IS HEREBY AMENDED AND RESTATED IN ITS ENTIRETY
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK BOOK TYPE
SHARES INTEREST VALUE VALUE OF
TIER NAME OF COMPANY (COMPANY ABBREVIATION) HELD HELD ($000) ($000) BUSINESS
-----------------------------------------------------------------------------------------------------------------------------------
NISOURCE INC. (NI) (h) Holding company
1 Bay State Gas Company (BSG) 100 100.0 534,381 534,381 Gas utility
Unsecured Debt - - 236,085 236,085
Subsidiaries:
2 Bay State GPE, Inc. (BSGPE) 1,000 100.0 133 133 Electric
generation
2 Northern Utilities, Inc. (NU) 100 100.0 111,095 111,095 Gas utility
Unsecured Debt - - 78,833 78,833
1 Columbia Energy Group (CG) 3,000 100.0 2,177,174 6,236,587 Holding company
Unsecured Debt - - 310,235 310,235
Subsidiaries:
2 Columbia Atlantic Trading Corporation (CAT) 308 100.0 5,001 5,001 Gas-related
ventures
2 Columbia Energy Group Capital Corporation (CCC) 1 100.0 1,320 1,320 Holding company
Subsidiary:
3 TriStar Gas Technologies, Inc. (TGT) * 20,000 100.0 - - Holding company
2 Columbia Energy Resources, Inc. (CER) 1 100.0 123,139 123,139 Holding company
Subsidiaries:
3 Alamco-Delaware, Inc. (AD) 100 100.0 7,441 7,441 Exploration &
Production of
Natural Gas
3 Columbia Natural Resources, Inc. (CNR) 2 100.0 120,318 120,318 Exploration &
Production of
Natural Gas
3 Columbia Natural Resources Canada, Ltd. (CNRCL) 1 100.0 11,474 11,474 Exploration &
Production of
Natural Gas
3 Hawg Hauling & Disposal, Inc. (HH) 900 100.0 1,185 1,185 Brine hauling and
disposal services
2 Columbia Energy Services Corporation (CES) 2,500 100.0 (127,203) (127,203) Energy-related
services
Subsidiaries:
3 Columbia Energy Marketing Corporation (CEM) * 101 100.0 - - Energy marketing
3 Columbia Energy Power Marketing Corporation (CPM) * 1 100.0 - - Power marketing
3 Columbia Energy Retail Corporation (CERC) * 2,000 100.0 - - Energy-related
services
2 Columbia Finance Corporation (CFC) 10 100.0 8,519 8,519 holding Company
Subsidiary:
3 Columbia Accounts Receivable Corporation (CAR) 10 100.0 8,519 8,519 Purchase & sales
of trade
receivables
2 Columbia Gas of Kentucky, Inc. (CKY) 952,248 100.0 80,048 80,048 Gas utility
Unsecured Debt - - 42,209 42,209
2 Columbia Gas of Maryland, Inc. (CMD) 2,883 100.0 27,181 27,181 Gas utility
Unsecured Debt - - 18,975 18,975
2 Columbia Gas of Ohio, Inc. (COH) 4,769,585 100.0 372,535 372,535 Gas utility
Unsecured Debt - - 207,232 207,232
2 Columbia Gas of Pennsylvania, Inc. (CPA) 1,805,112 100.0 194,455 194,455 Gas utility
Unsecured Debt - - 185,215 185,215
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3
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
ITEM 1 IS HEREBY AMENDED AND RESTATED IN ITS ENTIRETY
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE TYPE OF
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000) BUSINESS
------------------------------------------------------------------------------------------------------------------------------------
2 Columbia Gas of Virginia, Inc. (CGV) 1,306,106 100.0 165,554 165,554 Gas utility
Unsecured Debt - - 130,175 130,175
2 Columbia Gas Transmission Corporation (TCO) 1,934 100.0 1,088,297 1,088,297 Gas pipeline
Secured Debt - - 385,925 385,925 and storage
2 Columbia Gulf Transmission Company (CGT) 1,933 100.0 124,214 124,214 Gas pipeline
Unsecured Debt - - 77,468 77,468 and storage
2 Columbia Insurance Corporation, Ltd. (CICL) 14,800 100.0 5,643 5,643 Insurance
Group
2 Columbia LNG Corporation (CLNG)(i) 3,519 92.1 8,517 8,517 Owning and
operating
LNG storage
and trans-
portation
facilities
Subsidiary:
3 CLNG Corporation (CLNGCO) * 155 100.0 - - Owning and
Operating
LNG storage
and trans-
portation
facilities
2 Columbia Network Services Corporation (CNS) 900 100.0 4,523 4,523 Holding
company
Subsidiary:
3 CNS Microwave, Inc. (CMC) 110 100.0 - - Telecommuni-
cations and
information
services
2 Columbia Petroleum Corporation (PET) * 1,001 100.0 - - Petroleum
operations
2 Columbia Pipeline Corporation (CPL) 1 100.0 1,052 1,052 Operates
pipeline
& gathering
facilities
Subsidiary:
3 Columbia Deep Water Services Company (CDW) 1 100.0 1,009 1,009 Gas pipeline
development
2 Columbia Remainder Corporation (CRC) 100 100.0 (2,101) (2,101) Holding
company
Subsidiaries:
3 Columbia Electric Binghamton
General Corp. (CEB) * 118 100.0 - - Power
generation
3 Columbia Electric Binghamton
Limited Corp. (CEBL) * 142 100.0 - - Power
generation
3 Columbia Electric Haverstraw
Corporation (CHC) * 1 100.0 - - Power
generation
3 Haverstraw Bay, LLC (HBL) * (a) - 98.0 - - Power
generation
2 Columbia Service Partners, Inc. (CSP) 2,940 100.0 5,154 5,154 Energy-
related
services
Subsidiaries:
3 Columbia Assurance Agency, Inc. (CAA) 850 100.0 19 19 Insurance
business
3 Columbia Service Partners of Virginia, Inc. 100 100.0 - - Energy-
related
services
2 Columbia Transmission Communications
Corporation (CTC) 1 100.0 81,746 81,746 Telecommuni-
cations and
information
services
1 EnergyUSA, Inc. (IN) (EUII) 1,000 100.0 (62,339) (62,339) Holding
company
Unsecured Debt - - 12,761 12,761
Subsidiaries:
2 EnergyUSA, Inc. (MA) (EUIM) 10,000 100.0 6,865 6,865 Propane
company
Unsecured Debt - - 5,722 5,722
Subsidiaries:
3 EnergySPE, Inc. (ESPE)* 10,000 100.0 (634) (634) Energy-
related
services
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4
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
ITEM 1 IS HEREBY AMENDED AND RESTATED IN ITS ENTIRETY
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE TYPE
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000) OF BUSINESS
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3 EnergyUSA (Connecticut), Inc. (EUIC) 6,955 100.0 (3,207) (3,207) Energy-related
services
Unsecured Debt - - 4,414 4,414
Subsidiaries:
4 Brayer Energy Solutions, Inc. (BES) * 100 100.0 (881) (881) Energy-related
services
4 EnergyUSA Engineering, Inc. (EUE) 919 100.0 (1,277) (1,277) Engineering
services
4 EnergyUSA Mechanical, Inc. (EUM) * 400 100.0 2,087 2,087 Energy-related
services
2 EnergyUSA-TPC Corp. (TPC) 100 100.0 8,794 8,794 Gas marketing
Unsecured Debt - - 1,580 1,580
Subsidiary:
3 EnergyUSA Appalachian Corp. (EUA) (f) 100 100.0 5,185 5,185 Holds oil & gas
exploration
investments
2 NESI Energy Marketing L.L.C. (NEML) * (b) - 100.0 233 233 Energy marketing
2 NI Energy Services Transportation, Inc. (NEST) 1,000 100.0 354 354 Gas pipeline
2 MS-1 Distribution & Storage Corporation (MS1) * 250 100.0 - - Gas storage
2 NI Fuel Company, Inc. (NIFC)* 1,000 100.0 (11,215) (11,215) Holds oil & gas
exploration
investments
2 NI-TEX, Inc. (NITEX) 1,000 100.0 (1,707) (1,707) Holding company
Unsecured Debt - - 16 16
2 NI-TEX Gas Services Inc. (NGS) 920 100.0 9,991 9,991 Holding company
2 EnergyUSA Commercial Energy Services, Inc. (EUC) 1,000 100.0 (8,893) (8,893) Energy-related
services
2 EnergyUSA Retail, Inc. (EUR) 1,000 100.0 (7,259) (7,259) Retail gas
marketing
Unsecured Debt - - 12,338 12,338
Subsidiary:
3 EnergyUSA Consumer Products Group, Inc. (EUP) * 10,000 100.0 - - Energy-related
services
1 IWC Resources Corporation. (IWCR) * 1,000 100.0 272,441 272,441 Holding company
Unsecured Debt - - 12,430 12,430
Subsidiaries:
2 Harbour Water Company (HWC) * 1,000 100.0 6,807 6,807 Water utility
2 Indianapolis Water Company (IWC) * 500 100.0 319,720 319,720 Holding company
Subsidiary:
3 The Wellington Joint Venture (WJV) * - 25.0 - - Land development
3 White River Enviornmental Partnership (WRP) * 100 52.0 - - Operator of
wastewater
treatment plants
2 Irishman's Run Acquisition Company (IRAC) * 1,000 100.0 110 110 Water utility
2 IWC Morgan Water Corporation (IWCM) * 1,000 100.0 6,718 6,718 Water utility
2 Lawrence Water Company, Inc. (LWC) * 1,000 100.0 - - Water utility
2 Liberty Water Corporation (LWAC) * 200 100.0 (30) (30) Water utility
Unsecured Debt - - 1,157 1,157
2 The Darlington Water Works Company (DWWC) * 1,000 100.0 222 222 Water utility
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5
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
ITEM 1 IS HEREBY AMENDED AND RESTATED IN ITS ENTIRETY
NUMBER OF % OF VOTING ISSUER OWNER'S
COMMON POWER OR BOOK VALUE BOOK VALUE TYPE OF
TIER NAME OF COMPANY (COMPANY ABBREVIATION) SHARES HELD INTEREST HELD ($000) ($000) BUSINESS
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1 Kokomo Gas and Fuel Company (KOKO) 478,248 100.0 34,418 34,418 Gas Utility
Unsecured Debt - - 1,015 1,015
Subsidiary:
2 KGF Trading Company (KGF) * 100 100.0 - - Gas brokering
1 NI Energy Services, Inc. (NESI) 1,000 100.0 (19,130) (19,130) Holding Company
Unsecured Debt - - 15,539 15,539
Subsidiaries:
2 Crossroads Pipeline Company (CROSS) 1,000 100.0 (8,696) (8,696) Interstate gas
Unsecured Debt - - 30,393 30,393 pipeline
2 Green Fuels, Inc. (GREEN) * 1,000 100.0 (3,192) (3,192) Energy-related
Unsecured Debt - - 3,312 3,312 services
2 NESI Power Marketing, Inc. (NPM) * 1,000 100.0 (19,888) (19,888) Power marketing
Unsecured Debt - - 26,314 26,314
2 NiSource Energy Services Canada, Ltd. (NESCL) * - 100.0 (421) (421) Holding company
Subsidiary:
3 NESI Energy Marketing Canada Ltd. (NEMCL) * - 70.0 - - Energy marketing
1 NiSource Capital Markets, Inc. (NCM) 1,000 100.0 37,761 37,761 Financing subsidiary
Unsecured Debt - - 449,956 449,956
1 NiSource Capital Trust I (NCT) (c) - 100.0 (4,028) (4,028) Financing subsidiary
1 NiSource Corporate Services Company (NCS) (g) 1,000 100.0 400 400 Management services
Unsecured Debt - - 45,409 45,409
1 NiSource Development Company, Inc. (NDEV) 1,000 100.0 (86,164) (86,164) Holding Company
Unsecured Debt - - 181,366 181,366
Subsidiaries:
2 Analytic Sytems Laboratories, Inc. (ASL) * 1,167 70.0 - - Energy-related
services
2 Cardinal Property Management, Inc. (CARD) 1,000 100.0 (76) (76) Real estate services
2 Customer Information Services, Inc. (CIS) 1,000 100.0 85 85 Consulting services
for customer
information systems
2 JOF Transportation Company (JOF) 1,000 100.0 4,116 4,116 Holding company
Unsecured Debt - - 288 288
2 KOGAF Enterprises, Inc. (KOGF) 100 100.0 (6) (6) Real estate services
2 Lake Erie Land Company (LEL) 1,000 100.0 71,373 71,373 Commercial and
residential real
estate services
Subsidiary:
3 SCC Services, Inc. (SCC) 1,000 100.0 (2,301) (2,301) Energy-related services
2 NDC Douglas Properties, Inc. (NDC) 1,000 100.0 9,663 9,663 Holds investments in
affordable housing
projects
Unsecured Debt - - 10,411 10,411
2 Progeni, Inc. (PRO) * 1,000 100.0 (2,728) (2,728) Energy-related services
Unsecured Debt - - 5,098 5,098
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6
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
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) TYPE OF BUSINESS
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2 Protonics Research,
Inc. (PRI) * 900 90.0 - - Energy-related Services
2 South Works Power
Company (SWP) 1,000 100.0 - - Holds a lease
1 NiSource Energy Technologies,
Inc. (NET) 100 100.0 (6,215) (6,215) Holding company
Unsecured Debt - - 17,859 17,859
1 NiSource Finance Corp. (NFC) 100 100.0 (232,732) (232,732) Financing subsidiary
Unsecured Debt - - 2,929,602 2,929,602
1 NiSource Pipeline Group, Inc. (NPG) 1,000 100.0 10,945 10,945 Holding company
Subsidiaries:
2 Granite State Gas Transmission,
Inc. (GSGT) 29,900 100.0 8,869 8,869 Interstate gas pipeline
Unsecured Debt - - 18,969 18,969
Subsidiaries:
3 Bay State Energy Enterprises,
Inc. (BSEE) 10,000 100.0 69 69 Energy-related services
3 Natural Gas Development,
Inc. (NGD) 10,000 100.0 684 684 Holding company
2 PNTGS Holding Corp. (PNTGS) 1,000 100.0 - - Holding company
1 Northern Indiana Fuel and Light
Company, Inc. (NIFL) 275,000 100.0 45,390 45,390 Gas utility
Unsecured Debt - - 4,000 4,000
Subsidiary:
2 Northern Indiana Trading Company,
Inc. (NITC) 1,000 100.0 4,043 4,043 Gas brokering
1 Northern Indiana Public Service
Company (NIP) 73,282,258 100.0 1,036,314 1,036,314 Electric and gas
utility
Secured Debt - - 55,000 55,000 oj
Unsecured Debt - - 1,068,479 1,068,479
Subsidiary:
2 NIPSCO Exploration Company,
Inc. (NEXCO) * 1,000 100.0 2,261 2,261 om Exploration company
1 Primary Energy, Inc. (PEI) 1,000 100.0 (794) (794)om Arranges energy-related
Projects
Unsecured Debt - - 2,220 2,220 om
Subsidiaries:
2 Cokenergy, Inc. (CEI) 1,000 100.0 312 312 om Power generation
project company
2 Harbor Coal Company (HCC) 1,000 100.0 324 324 cm Power generation
project company
2 Ironside Energy LLC (IEL) (d) - 100.0 - - Power generation
project company
Unsecured Debt - - 3,276 3,276 om
2 Lakeside Energy Corporation (LEC) 1,000 100.0 7,660 7,660 om Power generation
project company
Unsecured Debt - - 703 703
2 North Lake Energy Corporation (NLEC) 1,000 100.0 (4,128) (4,128) Power generation
project company
2 Portside Energy Corporation (PORT) 1,000 100.0 (1,587) (1,587) Power generation
project company
2 Whiting Clean Energy, Inc. (WCE) 1,000 100.0 - - Power generation
project company
Unsecured Debt - - 15,923 15,923
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ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2001
(continued)
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) TYPE OF BUSINESS
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1 SM&P Utility Resources,
Inc. (SMP) (e) 100 100.0 46,522 17,000 Utility locating
Subsidiary: business
2 Colcom Incorporated (CI) (e) 1,000 100.0 228 228 Utility locating
business
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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. 0.000368
(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.
(f) EnergyUSA Appalachian Corporation, an Indiana Corporation, was acquired
on February 19, 2001. The company holds oil and gas exploration
investments.
(g) On December 31, 2000, Columbia Energy Group Service Corporation (a
Delaware Corp.) merged with NiSource Corporate Services Company ( an
Indiana Corp.) The combined company changed its name to NiSource
Corporate Services Company ( a Delaware Corp.). The company performs
management service for NiSource and its subsidiaries.
(h) The following Companies were dissolved during 2001:
Columbia Energy Marketing Holding Company (dissolved 05/25/01)
ALERT Air Systems, Inc. (dissolved 12/05/01)
ALERT Mechanical Services, Inc. (dissolved 12/26/01)
Energy USA Commercial Energy Services, Inc. (dissolved 12/26/01)
NESI Canadian Holding, Inc. (dissolved 09/06/01)
NFCO Acquisition Company (dissolved 10/12/01)
Hamilton Harbor Insurance Services, LTD. (dissolved 09/25/01)
NI Telecomm, Inc. (dissolved 12/22/01)
Shore Line Shops Incorporated (dissolved 12/20/01)
Ironside Energy Corporation (dissolved 2/14/01)
(i) Columbia LNG Corporation, which owns and operates LNG storage and
transportation facilities is owned by Columbia Energy Group and Shell
Consolidated Energy Resources, Inc. Columbia Energy Group has voting
rights and owns 92.1% and Shell Consolidated Energy Resources, Inc.
has voting rights and owns 7.9% of Columbia LNG Corporation.
8
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: December 16, 2002 By: /s/ Jeffrey W. Grossman
----------------------- ------------------------------------
Jeffrey W. Grossman
Vice President and Controller
(Principal Accounting Officer)
COLUMBIA ENERGY GROUP
------------------------------------
(Registrant)
Dated: December 16, 2002 By: /s/ Jeffrey W. Grossman
----------------------- ------------------------------------
Jeffrey W. Grossman
Vice President
9