Columbia Gulf Transmission Co's FERC Form 2 Annual Report of Major Natural Gas Companies for year ending December 31, 2000.

20010503-0302 FERC PDF (Unofficial) 05/02/2001 P Check appropnate box ()|) An Onginal Signed Form Conformed Copy GR1614-. Form Approved OMB No. 1902-0028 (Expires 1/31/2002) 1 I r i 0 r otas 0 FERC Form No. 2 ANNUAL REPORT OF MAJOR NATURAL GAS COMPANIES This report is mandatory under the Natural Gas Act, Sections 10(a), and 16 and 18 CFR 2601 Failure to report may result in cnminalfmes, evil penalties, another sanctions as prowded by law The Federal Energy O)cmobs Regulatory Commission does not consider this report to be of a confidential nature ~ Exact Legal Name of Respondent (Company) Year of Report Columbia Gulf Transmission Company Dec. 31, 2000 FERC FORM No. 2 (1-99) 7) 20010503-0302 FERC PDF (Unofficial) 05/02/2001 ik "I 'r 0ARTHURANDERSEN REPORT OF INDEPENDEW~OUNTANTS To Columbia Gulf Transmission Company: We have audited the balance sheets of Columbia Gulf Transmission Company (a Delaware corporation and an indirect wholly-owned subsidiary of NiSource Inc.) as of December 31, 2000 and 1999, and the related statements of income, retained earnings, and cash flows for the years then ended, included on pages 110 through 122 of the accompanying Federal Energy Regulatory Commission Form 2. 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 svell as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. As discussed in Note I, these financial statements were prepared in accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in its applicableUniform SJ stem of Accounts and published accounting releases, which is a comprehensive basis of accounting other than generally accepted accounting principles. In our opinion, the financial statements referred to above present fairly, in all material respects, the assets, liabilities and proprietary capital of Columbia Gulf Transmission Company as of December 31, 2000 and 1999 and the results of its operations and its cash flows for the years then ended, in accordance with the accourting requirements of the Federal Energy Regulatory Commission as set forth ...