ML17209A282

Annual Financial Rept for 1979.Comparative Financial Statement & Participation Agreement Encl

ML17209A282
Person / Time
Site:	Saint Lucie
Issue date:	12/07/1979
From:	ORLANDO UTILITIES COMMISSION
To:
Shared Package
ML17209A283	List: ML17209A282 ML17266A357
References
NUDOCS 8010290329
Download: ML17209A282 (334)

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ORLANDO UTILITIES CQIVIMISSION 500 SOUTH ORANGE AVENUE ~ P. O. BOX 3193 ~ ORLANDO, FLORIDA 32802 ~ 305/423-9100 ROVER C. BRYAN President MANAGEMENT I S REPORT Operations for the year ended September 30, 1979 reflect an increase HARLES J. HAWKINS in gross revenues of 24.5'A for electric operations and 7.8A for water rst Vice PresIdent operations. The substantial increase, in electric gross revenue is directly attributable to the pass through of the increased cost of fuel oil (42.2A). Other operating expenses for electric operations I (excluding depreciation) decreased 2.6X. Mater operating expenses I

increased 9.2X. This reflects the effort by the Commission to control GRACE C. LINOBLOM

-second Vice President costs when compared to an inflation rate of approximately 121'.

Statistical data relating to electric and water operations for the fiscal years ended September 30, 1979 and 1978 is as follows:

Percent ARL T. LANGFORO Mayor Amount Incr (Deer 1979 1978 1979 1978 Active Services at 9/30:

Electric 82,882 81,216 2.1 3.1 Water 649597 62,549 3.3 2.8 T. MEINER e Past President Average Annual Usage:

Electric (kilowatt-hour)

Residential 11,988 12,321 (2.7) 1.9 Small Commercial 20,855 20,972 (0.'6) 0'.7 CURTIS H. STANTOiV Water (1,000 gallons) 234 222 5.4 (3.1)

Executliie Vice President 8I General Manager Average Price to Customers:

Electric (kilowatt-hour)

Residential 3.834 3.724 3.0 (5.6)

Small Commercial 4.76tt. 4.684 1.7 (7.1)

Mater (1,000 gallons) 56.55It: 57.04lt: (0.9) 3.1 We were able to lower our basic electric rates this year because of increased bulk sales of electricity to other utilities. This was made possible to a certain extent by our maintenance of a high degree of

t. THOMAS GURNEY, SR.

generating unit availability. The rates were adjusted effective eneral Counsel September 1, 1979, to provide approximately $ 1.4 million less revenue.

. O. Box 1273 Water rates were also adjusted to provide an additional $ 146,000 in urlando, PL 32802 305/843-8500 revenues.

As noted last year, the Commission has a participation agreement with the City of Lakeland, Florida, for the joint ownership (Lakeland - 605, Orlando Utilities Commission - 40K) of a 364 megawatt coal-fired generating plant. Construction of this plant (C. D. McIntosh Plant Unit 83) was commenced during this fiscal year. At September 30, 1979, we had expended approximately $ 16.7 million of an estimated cost to us of $ 75 million. It is anticipated that this unit will come on line in 1982.

To partially finance the construction of McIntosh Unit 83, we sold

$ 40 million of revenue bonds during the current year. This is part of an authorization of $ 225,330,000 of which $ 75,000,000 remains unissued.

These bonds received a rating of Aa and AA by the rating agencies which

-is consistent with our previous issue.

During the current year we began a cash management program utilizing a pooled investment account as explained in NOTE A to the Financial Statements which follow. Combining cash resources of several funds enables us to purchase larger and therefore more profitable investments.

We recognize the .importance of electricity and water to our customers and the need to be less dependent on petroleum, as cited in the National Energy Act. With this in mind, we are investigating other sources of power (coal, nuclear, and solid waste) in our continuing effort to provide reliable service as well as good quality water at reasonable costs to our customers.

C. H. STANTON Executive Vice President

'nd General Manager Orlando Utilities Commission

rnSt %VVntnney certified public Accountants 332 North Magnolia Ave.

P.O. Box 3426 Orlando, Florida 32802 305/841-2050 Orlando Utilities Commission Orlando, Florida We have examined the bal'ance sheets of the Orlando Utilities Commission as of September 30, 1979 and 1978, and the related statements of income and accumulated retained earnings and changes in financial position for the years then ended. Our examinations were made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.

In our opinion, the financial statements referred to above present fairly the financial position of the Orlando Utilities Commission at September 30, 1979 and 1978, and the results of its operations and the changes in its financial position for the years then ended, in conformity with generally accepted accounting principles applied on a. consistent basis.

Orlando, Florida December 7, 1979

BALANCE SHEETS ORLANDO UTILITIES COMMISSION September 30 1979 1978 ASSETS UTILITY PLANT In service:

Electric $ 201,202,982 $ 196,755,277 Water 47,911,304 43,899,677 Common 11,838,795 11,668,344 Allowances for depreciation and amortization (deduction) (90 266 585) (83 818 587) 1 70 686 ~ 496 168'~ 504 71 1 Construction work in progress Notes A and E 24 955 636 9 031 328 195,642,132 177,536,039 RESTRICTED ASSETS Notes A and B Debt service funds 22,602,963 15,664,661 Construction and related funds 44 826 18 402 724 980'7,429,943 34,067,385 CURRENT ASSETS Cash 161,270 356,084

'hort-term investments , 14,705,000 Pooled investments Note A 10,900,283 Customer accounts receivable, less allowance for doubtful accounts (1979 $ 217,318; 1978 $ 196,531) 11,367,933 8,311,813 Accrued utility revenues 4,767,912 3,679,358 Materials and supplies 7,050,995 5,810,235 Accrued interest receivable 154,524 218,136 Miscellaneous receivables, prepaid expenses and deferred charges 293 868 396 512 34,696,785 33,477,138

0 September 30 1979 1978 CAPITALIZATION AND LIABILITIES CAPITALIZATION Equity:

Accumulated retained earnings:

Appropriated for debt service $ 17,962,375 $ 12,236,214 Invested in or appropriated for utility plant and working capital 103 994 673 103 667 986 121,957-,048 115,904,200 Contributed capital 5 884 072 4 515 014 127,841,120 120,419,214 Long-term debt Note C:

Bond principal 150,330,000 110,330,000 Unamortized discount and expense (deduction) (469 732) 149 860 268 110 330 000 277,701,388 230,749,214 CURRENT LIABILITIES payable from restricted assets interest payable

Accrued debt on long-term LIABILITIES--payable from current 4,640,588 3,428,447 CURRENT assets Accounts payable and accrued expenses 6,525,003 3,800,435 Customer meter deposits and interest thereon 2,252,249 2,311,188 Collections for state and political subdivisions 2,153,374 1,919,354 Due to the General Fund of the City of Orlando Note D 2 099 070 484 578 13,029,696 8,515,555 OTHER LIABILITIES Customer water and electric line

'extension deposits 2,397,188 2,387,346 COMMITMENTS AND CONTINGENT LIABILITIES Note E 24 See notes to financial statements

STATEMENTS OF INCOME AND ACCUMULATED RETAINED EARNINGS ORLANDO UTILITIES COMMISSION Year Ended September 30 1979 1978 Operating revenues $ 118,948,769 $ 96,649,494 Operating expenses:

Production 767158,045 565810,200 Transmission and distribution 5,000,302 5,155,871 Customer accounting 2,092,358 .1,988,964 General and administrative 5,527,792 4,826,196 State utilities tax 1,065,693 1,023,166 Consumer education 118,844 111,411 Payments to the General Fund of the City of Orlando Note D 3 032 403 2 860 474.

92 995 437 72 776 282 OPERATING INCOME 25,953,332 23,873,212 Depreciation Note A 7 496 659 7 412 202 18,456,673 16,461,010 Interest and other income 5 466 360 3 349 538 23,923i033 19,810,548 I Other deductions-.-principally interest INCOME BEFORE EXTRAORDINARY ITEM 7 601 185 161321,848 5 342 253 14,468,295 Extraordinary item gain on advance refunding of long-term debt Note G 11 686 231 NET INCOME 16,321,848 26,154,526 Accumulated retained earnings at beginning of year 115 904 200 96 009 674 132,226,048 122,164,200 Less transfers to the General Fund of the City of Orlando Note D (10 269 000) (6 260 000) ~

ACCUMULATED RETAINED EARNINGS AT END OF YEAR See notes to financial statements

STATEMENTS OF CHANGES IN FINANCIAL POSITION ORLANDO UTILITIES COMMISSION Year Ended September 30 1979 1978 SOURCE OF FUNDS Income before extraordinary item $ 16,321,848 $ 14,468,295 Charges to operations not requiring current outlay of working capital:

Depreciation and amortization 7,948,773 7j810,044 Amortization of bond discount and expense 2 747 46 867 TOTAL FROM OPERATIONS BEFORE EXTRAORDINARY ITEM 24,273,368 22,325,206 Extraordinary item gain on advance refunding of long-term debt l1,686,231 Amortization of bond discount and expense not requiring current outlay of working capital 1 308 769 12 995 000 TOTAL FROM OPERATIONS 24,273,368 35,320,206 Proceeds from the sale of revenue bonds 40jooojooo 110,330,000 Contributed capital 1,369,058 772j737 Increase'in restricted liabilities 1,212,141 830,568 Increase in. other liabilities 9 842 439 102 66,864,409 147,692,613 APPLICATION OF FUNDS Additions to utility plant net 26,054,866 9,055,228 Transfers to the General Fund of the City of Orlando 10,269,000 6,260,000 Reduction of long-term debt 126,885,000 Increase in restricted assets 33,362,558. 522,617 Expenses attributable to sale of revenue bonds 472 479 70 158 903 142 722 845 INCREASE (DECREASE) IN MORKING CAPITAL CHANGES IN COMPONENTS OF WORKING CAPITAL

,Increase (decrease) in current assets:

Cash $ (194, 814) $ 56,833 Investments (3,804,717) 8,105,000 Customer accounts receivable 3,056,120 1,763,579 Materials and supplies 1j240,760 (1,102,028)

Other receivables and accounts 922 298 (l 896 378) 1,219,647 6,927,006 Increase (decrease) in current liabilities:

Accounts payable and accrued expenses 2,724,568 1,222,660 Utility plant construction contracts (23,466)

Customer meter deposits and interest thereon (58,939) 373,240 Collections for state and political subdivisions 234,020 221,609 Due to the General Fund of the City of Orlando 1 614 492 163 195 4 514 141 1 957 238 INCREASE (DECREASE) IN NORKING CAPITAL See notes, to financial statements

NOTES TO FINANCIAL STATEMENTS ORLANDO UTILITIES COMMISSION NOTE A SUE1ARY OF SIGNIFICANT ACCOUNTING POLICIES which includes payroll and related cost, general and administrative cost and cost of equipment used in construction. It is the policy of the Commission not to capitalize interest during"construction.

Undivided Interest in Joint Pro ects: The Commission accounts for undivided ownership interests in electric generation plants with other utilities based on the pro rata share of the projects'ssets, liabilities, revenues and expenses.

De reciation and Maintenance: The utility plant is being depreciated using the straight-line method, at rates calculated to amortize the cost over the estimated economic useful lives of the assets. Such amounts are charged to depreciation or operating. expense.

The Commission charges maintenance with the cost of repairs and minor renewals of property, and the plant accounts with the cost of renewals and replacement of property units. The cost of significant unusual repairs are deferred and amortized over periods not exceeding 24 months.

Pooled Investments: During the year ended September 30, 1979 the Commission created a pooled investment account whereby all investments (restricted and unrestricted) except for those in the Invested Sinking Fund, have been placed in this account. The investments consist mainly of time certifi-cates of deposit, debt instruments of federal agencies, and securities held under repurchase agreements. These investments are carried at cost, which approximates market. Pooled investments by classification at September 30, 1979 consisted of $ 60,600,957 in restricted assets and

$ 10,900,283 in current assets. (See Note B)

Materials and Su lies: Materials and supplies are stated at average cost.

Reclassifications: Certain items on the balance sheet as of September 30, 1978 have been reclassified to be comparative to current year classifications.

NOTES TO FINANCIAL STATEMENTS CONTINUED ORLANDO UTILITIES COMMISSION NOTE B--RESTRICTED ASSETS Restricted assets consist of the following funds:

September 30 Increase 1979 1978 (Decrease)

Sinking Fund $ 11,158,485 $ 6,417,412 $ 4,741,073 Sinking Fund Reserve 11,444,478 9,247,249 2,197,229 Renewal and Replacement Fund 7,226,621 6,288,426 938,195 Construction Trust Funds 37 600 359 12 114 298 25 486 061 TOTALS 42 4 4 7 2 8 The above funds are classified in the balance sheet as:

Debt service funds $ 22,602,963 $ 15,664,661 $ 6,938,302 Construction and related funds 44 826 980 18 402 724 26 424 256 TOTALS The funds consist of:

Cash and Certificates of Deposit 1,648 $ 4,375,505 United States Treasury securities-at cost (approximate market

'alue: 1979 $ 5,691,000; 1978

$ 25,875,000) 5,690,407 25,754,567 Short-term investments 3,479,000 Pooled investments Note A 60,600,957 Interest receivable 1,136,931 399,355 Orlando Utilities Commission Revenue Bonds at cost 58 958 TOTALS

NOTES TO FINANCIAL STATEMENTS CONTINUED ORLANDO UTILITIES COMMISSION NOTE C--LONG-TERM DEBT

\

By resolution dated April 18, 1978 and amended May 15, 1978, the Commission provided for the advance refunding of all'of its water and electric revenue bonds outstanding at April 1, 1978 in the aggregate principal amount of

$ 123,325,000 (Refunded Bonds) by the sale of $ 110,330,000 Water and Electric Revenue Refunding and Improvement Bonds, Series 1978 and $ 94,650,000 Special Obligation Bonds, Series 1978. From the proceeds of the sale of the two issues, monies were invested in United States obligations in an irrevocable Escrow Deposit Trust Fund. Such United States obligations will mature at such time and in such amounts so as to provide sufficient funds for the payment of maturing principal and interest on the Refunded Bonds. All interest earned or accrued on the United States obligations has been pledged and will be used for the payment of the principal and interest on the Special Obligation Bonds, Series 1978. The Refunded Bonds are treated as extinguished debts in the accompanying financial statements even though the Refunded Bonds do not have a provision for defeasance. The transaction has been accounted for in the same manner as a defeased transaction because the obligation of the Commission for"the Refunded Bonds has been satisfied in substance al-though not in form.

On July 27, 1979 the Commission issued $ 40 million Water and Electric Revenue Refunding and Improvement Bonds, Series 1978A as part of the April 18, 1978 resolution, as amended.

The Series 1978 and 1978A are payable from and secured by a first lien upon the pledge of the net revenues derived by the Commission from the operation of the water and electric system and from investment income earned on monies and obligations in certain sinking fund accounts.

Bonds outstanding as of September 30 are as follows:

1979 1978 1978 series, 5.8%-6.375%, due serially 1994 to 2008 1978A to series, 5.6%-6.4%,

2008 due serially 1993

$ 110,330,000 40 000 000 '0-

$ 110,330,000

NOTES TO FINANCIAL STATEMENTS CONTINUED ORLANDO UTILITIES COMMISSION NOTE D PAYMENTS AND TRANSFERS GENERAL FUND OF THE CITY OF ORLANDO The Commission makes payments based on gross revenues from services within the City to the General Fund of the City of Orlando which are considered operating expenses. The Commission transfers additional monies to the General Fund of the City of Orlando based on the Commission's income.

NOTE E COMMITMENTS AND CONTINGENT LIABILITIES (1) By resolution, the Orlando Utilities Commission, on July 12, 1955, appropriated $ 180,000 annually for a period of 26 years commencing April 1, 1955, for the retirement of the Sewer Revenue Bonds of the City of Orlando dated April 1, 1955, in the amount of $ 5,438,000. By an agreement between the City and the Orlando Utilities Commission, the Commission may offset this contribution against the City of Orlando utilities tax. The agreement whereby the Commission pledges $ 180,000 of its revenues annually has become a part of the agreement between the City of Orlando and the bondholders and, therefore, it is a contingent liability ranking )unior only to obligations of the Orlando Utilities Commission to the holders of its Water and Electric Revenue Bonds. This liability becomes payable only if the utilities tax is inadequate and thereafter the City fails to reimburse the Commission from other utility tax revenues and also fails to levy a sewer tax as required.

(2) On December 22, 1969, the Orlando Utilities Commission pledged $ 480,000 of its annual revenues in connection with the issuance by the City of Orlando of $ 5,500,000 Improvement Revenue Bonds. This pledge is for a period of 22 years from the date of issuance by the City of the Improve-ment Revenue Bonds or such longer period as shall be required to pay and retire all principal and interest on said bonds. This lien on the revenues derived from the Utilities"shall be junior and subordinate to the lien of the holders of any obligations of the Commission out-standing or pari passu obligations hereinafter issued for purposes of the Commission, and to the annual payment for the retirement of the Sewer Revenue Bonds described in the preceding paragraph, but shall be prior and superior to any lien, pledge or encumbrance hereafter made of such revenues for any purposes other than said obligations of this Commission for water or electric purposes, and said annual Sewer Revenue Bond payment.

NOTES TO FINANCIAL STATEMENTS CONTINUED ORLANDO UTILITIES COMMISSION NOTE E COMMITMENTS AND CONTINGENT LIABILITIESCONTINUED (3) The approximate cost to complete construction contracts in progress entered into as of September 30, 1979 is $ 12,900,000; It is currently anticipated that additional future expansion program costs, planned for the next three years will approximate $ 85 million. These amounts in-clude a joint project with the City of Lakeland to construct a 364 HW steam-electric generating plant to be located in Lakeland. The Commission will have a 40% ownership in the generating plant and be entitled to 40% of its capacity.

(4) The Commission leases real estate. for a fuel supply terminal under an operating lease through the year 2023. Future minimum payments for this lease at September 30, 1979 are $ 11,880'nnually.

(5) The Commission has filed a claim against the bonding company of a con-tractor alleging damages for delays in the performance of certain construction contracts. If the. Commission is unable to show delay damage, retainages of approximately $ 500,000 would be due the contractor.

The accompanying financial statements do not include a provision for liability, if any, that may result from settlement thereof.

(6) The Commission was one of the defendants in an alleged class action lawsuit brought against the City of Orlando and Orange County, as well as the Commission. The lawsuit sought to enjoin the making of payments by the Commission to Orange County of one percent (1%) of the Commission's gross electric revenues earned outside the City and to require repayment of the amounts'aid amounting to about $ 12,000 per month since March 1973. Secondly, it sought to enjoin the Commission from paying to the General Fund of the City any part of the Commission's net income, which is currently the practice. The complaint was amended February 7, 1978, to allege that rates charged for utilities services are unreasonable, that payment for'ertain expenses are unreasonable and to seek an injunction for overcharges from 1970 to date plus attorneys'ees.

The court has decided in favor of the defendants. The plaintifs, however, have filed an intent to appeal the decision.

(7) The Environmental Protection Agency has issued a permit for the Commission's Indian River electric generating plant which requires the Commission to provide an off-stream water cooling system for such plant by some date in the mid-1980's in the event that an ecological study, in the opinion of the Agency, shows that the present cooling system is doing substantial damage to the ecological system of the

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NOTES TO FINANCIAL STATEMENTS CONTINUED ORLANDO UTILITIES COMMISSION NOTE E COMMITMENTS AND CONTINGENT LIABILITIESCONTINUED adjacent portion of the Indian River. The cost to the Commission of such study is estimated to be $ 1,300,000 of which approximately $ 800,000 has been incurred as of September 30, 1979. The final determination of the Agency is appealable to the courts. If construction of off-stream cooling facilities were begun now, it. is estimated that they would cost approximately .$ 20,000,000.

(8) In August 1978, the Commission adopted a plan of paying employees having at least two years of employment" for a portion of their unused sick leave accumulated at the date they terminate or retire. The maximum estimated liability, calculated on the basis of unused sick leave for eligible employees at September 30, 1979 is approximately

$ 775,000. It is the policy of the Commission to record the costs of the plan only as benefits are paid. Benefit payments for the year ended September 30, 1979 were $ 38,508.

NOTE F PENSION PLAN The Orlando Utilities Commission has a pension plan covering substantially all employees. The total pension expense for the'years 1979 and 1978 was

$ 1,622,763 and $ 1,390,132, respectively,.which includes amortization of past service costs over a period of approximately 30 years. The funding method used is the entry age normal with the initial unfunded accrued liability frozen. Funding is by a Deposit Administration Contract. As of September 1, 1979, the anniversary date of the plan, the Pension Fund assets exceeded the actuarially computed value of vested benefits.

NOTE G EXTRAORDINARY ITEM As a result of the April 1978 advance refunding of the Commission's out-standing revenue bonds as explained in Note C, a gain was recognized in accordance with generally accepted accounting principles. The recorded gain (non-current cash) was computed as follows:

Net carrying amount of refunded debt $ 123,325,000 Less unamortized discount and issue costs 1 308 769 122,016,231 Refunding bonds issued 110 330 000 GAIN (NON-CURRENT CASH) ON ADVANCE REFUNDING OF BONDS NOTES TO FINANCIAL STATEMENTS CONTINUED ORLAt$0 UTILITIES COMMISSION NOTE H BUSINESS SEGMENTS The Commission operates in two business segments, the generation, trans-mission and distribution of electricity and the production, -treatment, transmission and distribution of water. A summary of the segment informa-tion is summarized below:

Electric Water Administration Total Year Ended Se tember 30 1979 Operating revenues $ 109, 940, 707 $ 9,008,062 $ $ 118,948,769 Operating income 21,950,648 4,002,684 25,953,332 Identifiable assets 243,607,004 427579,933 11,581,923 297,768,860 Depreciation 6,485,817 1,010,842 7,496,659 Capital expenditures 23,463,953 2,744,463 267208i416 Year Ended Se tember 30 1978 Operating revenues $ 88,289,612 $ 8,359,882 $ $ 96,649,494 Operating income 20,094,153 3,779,059 23,873,212 Identifiable assets 19572140805 42,331,574 ',534,183 245,080,562 Depreciation 6,463,830 9487372 7,412,202 Capital expenditures 7,078,492 2,142,883 9,221,375 Operating revenue of the electric segment includes approximately $ 13 million in interchange sales to another utility for each of the years ended September 30, 1979 and 1978.

NOTE IINCOME TAXES In the opinion of the Commission and its counsel, the enterprise is exempt from federal and state income taxes.

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TABLE OF CONTENTS FINANCIAL STATEHENTS

~Pa e P~ae Consolidated Statement of Financial Condition Electric Generation Statistics 25 Consolidated Statement oi Operations Electric Statement of Operations-Electric Generation 26 Revenue and Expense per Kilowatt Hour Sold Electric Statement of Operations - Environmental 2V Electric Statement of Operations Electric Generation Statistics - Lake Highland 28 Revenue and Expense per Thousand Gallons Sold Electric Statement of Operations - Lake Highland 29 Water Statement of Operations Electric Generations Statistics - Indian River Plant 30 Electric Statement of Operations - Electric Revenue Electric Statement of Operations - Indian River Plant 31 Water Statement of Operations - Water Revenue Electric Generation Statistics Crystal River Plant '2 Electric Active Service Statistics - Revenue Electric Statement of Operations - Crystal River Plant 33 Electric Statement of'perations-Detailed Electric Revenue 10 Electric Statement of Operations - Electric XHSN 34 Water Active Service Statistics - Revenue 12 Electric Statement of Operations - Electric Dist. 35 Water Statement of Operations - Detailed Water Revenue 13 Water Production Statistics Electric Active Service Statistics - Consumption 15 Mater Statement of Operations << Water Production 37 Electric Consumption Water Statement of Operations - Water Distribution 38 Water Active Service Statistics - Consumption . 18 Consolidated Statement oi Operations-Customer Acctg. 39 Water Consumption 19 Consolidated Statement of Operat'ions - Marketing Electric Revenue/Consumption 21 Consolidated Statement of Operations - Gen. h Admin. 41 Water Revenue/Consumption 23 Consolidated Statement of Operations-Other Exp. h Inc. 42

TABLE OI'ONTENTS CLASSIFIED Page CONSOLIDATED FINANCIAL Statement of Financial Condition 1 Statement of Operations 2 ELECTRIC FINANCIAL Statement of Operations 4 Statement of Operations--Electric 7 Statement of Detailed Electric Revenue'perations Revenue 10 Statement of Operations Electric Generation 26 Statement of Operations Environmental 27 Statement of Operations 'Lake Highland 29 Statement of Operations--Indian River Plant 31 Statement of Operations--,Crystal River Plant 33 Statement of Operations Electric XMSN 34 Statement of Operations Electric Distribution 35 ELECTRIC - STATISTICAL Consumption 16 Revenue/Consumption 21 Revenue and Expense per Kilowatt Hour Sold 3 Active Service Statistics--Revenue 9 Active Service 15 Statistics Statistics--Consumption'eneration Total 25 Generation Statistics--Lake Highland 28 Generation Statistics Indian River Plant 30 Generation Statistics Crystal River Plant 0

32 WATER- FINANCIAL Statement of Operations 6 Statement of Operations Water Revenue 8 Statement of Operations--Detailed Water Revenue 13 Statement of Operations--Water Production 37 Statement of Operations Water Distributiog 38 WATER STATISTICAL Consumption 19 Revenue Consumption 23 Revenue and'xpense per Thousand Galli>ns Sold 5 Active Service Statistics--Revenue 12 Active Service Statistics Consumption 18 Production Statistics 36 GENERAL FINANCIAL Statement of Operations Customer Accounting 39 Statement of Operations Statement of Operations l~farketing Administrati,ons 40 Statement of Operations General R; Other Expenses 5 Income 41 42

FeIRS0430-6 0 R L A N 0 0 V T I L I T I E 5 C 0 H H I 5 5 I 0 N DA TE 08/29/80 F I NANCI AL MANACEHENT SYS TfH PACE I COHPARATI Vf CONSOI IVAIEV STATEHENT VF F tNANCIAL COND tT ION Af JVL 1950 1979 1980 1979 u'I IL PLN f CAPITALIZAT ION SVC RETN EARN ELEC 204 ~ 127 ~ 771 198 '00 '35 BAL AT BEC 121 ~ 067 ~ 368-14e565 ~ 247-1 14 ~ 988 e254 13 ~ 741 ~ I 14-rATR 4S ~ 633 '57 46 '42 643 ~ Nft INCH

'62 CONN To tl 15 '5'47 268 e 31 9 ~ 2 05 14 843 842

~

259 '57 '20

~ XFR TO CITY (NOTE lt)

TOTL RETN EARN 9o433o200 12de199e415- 121 7

~

F 067e368-000 ACCVH OEPN CIAC ELEC 75 ~ 306 ~ 369- 69 '92 '77 ELEC I ~ 592 '81 1 ~ 228e96S-rATR 1 3 ~ I 62 ~ 780- 12 '44 478 ~ rATR 5od92 ~ 535- 4e084 ~ 433 COHH 7 ~ 453 ~ 637- 6 ~ 958 ~ 782- COHH 809- 809-TOIL 95 ~ 922 ~ 786- 88 ~ 895 ~ 537- TOTL C IAC 7 ~ 285 ~ 825- 5 e314 ~ 210-NEl'LNT I ONG TERN DEBT 000- 110e330e000-EL EC I 28 ~ 821 ~ 402 128 ~ 70S e655 1978 110o330 ~

rATR 35 ~ 470 ~ 407 34 '95 F 165 1975A 40 ~ 000 ~ 000-75o 000 ~ 000 Co eIH 8 ~ 104 ~ 610 7.855.060 19788 1'OTL 172 ~ 396 ~ 419 170 '91 853 ~ TOTL 225,330,000- 110e330 ~ 000-CV IP UNAH BONO Ol SC I ~ 082 ~ 890 EL EC 55 '65 '38 16 eSS5 ~ 161 rorL LONG TERN ofsr 224,247,110- 110 ~ 330 ~ 000-VATR 2 051 '89 F I ~ 703 '55 7lle578-CoeIH ISED 148 '97 9 '41 I'OTL CAPITAL12ATION 357,7'32,350- 236 ~

Tofu 57 '65 '24 18 ~ 298 '57 CURR LIAB REST TOTL PLNT 229 '61 F 443 189 e I 90 ~ 540 ACCR BOND INTR 4 ~ 953 ~ 515- 2 e2850632-REST FuNO CURR LIA5 IIOND SINK 13 F 007 '48 7,918,856 ACC'I PAY 11,698,312-201 ~ 543-Se632 e519-214 ~ 819-SINx FUND RESv lde893 ~ 498 9 ~ 226 e39S ACCR EXP-PAYR REHEr AND REPL FVNO 7 F 540 '94 7,486,492 TAX tuf IL ANO USE) 789 ~ 545- I 17 ~ 4 16-CONST FUNDS 62 '93 '54 0 XFR To C ITY

-PHT TO CNTY 389 ~ 181-32 ~ 570-279 ~ 051 23 ~ 221-TOIL RFST FUND 99e 535 ~ 094 24 ~ 631 746

~

I'AX COLL-PAYR 90 '99 76 '25 CURR ASST -STAT OF FLA 159 ~ 815- I 02 ~ 012-CASH 711 '30 19 o625 ~ 033 C IT Y OF ORL 310 ~ 616- 256 ~ 767-ACCT RECV COST 12 '76 '&5 9 e359od84 SVC COLL-CITY AND CNTY

-PAYR DEO I ~ 305 e 834 8 ~ 680 I ~ 185 ~ 761 12 344-ACCT RECV PUBL 833 15 ~ 255 ~

ACCT RECV OtnR 564 F 643 696 '59 TOTL CVRR L IAB 14,969e835- I 0 e900 e635-INV FuEL 10.419.58C 4 ~ OS7 ~ 280 INV NATL 3 ~ 711 ~ 132 2 ~ 868 ~ 516 CUSf FUND VP3 Ex) 433 '78 522 ~ 755 DEPS I INCL IN TR) 2 ~ 209e 260 2o372 ~ 176-300-ACCR INCH INTR RECV 1 ~ 1 45 ~ 703 313 ~ 669 ADVS 2 ~ 01 I ~ 268- 2 ~ 034 ~

ACCR INCH NON 8 ILL SALF 4 ~ 767 ~ 912 3 ~ 679 ~ 35S Ct AC 759 ~ 974- 635 e901-orna Cui\R ASST 845 ~ 003 20 ~ 147 OTHR 41 '00 40o350-to TL CVRR ASST 53 ~ 181 ~ 565 41 e ISO ~ 286 TOTI. COST FUND 5 ~ 022 ~ 402- 5 '82 '27 TOTL ASST 3S2 ~ 678 ~ I 02 254 ~ 950 ~ 572 TOTL CAPITAL AND LIAB 382 ~ 678 ~ I 02- 254 ~ 980 572 NOTE JL See Over]eaf

ORLANOO UTILITIES COHHISSION COHPUTATION OP CITY PAYHENT FOR THE PISCAL YEAR ENDINCy SEPTEHBER 30, 1980 JULY 1980 Net Income 1978 $ 14,468 000 F

1979 15,000,000 1980 14,741,000 1981 10,600,000 1982 12,200,000 TOTAL $ 67,009,000 5 Year Average $ 13,402,000 501 $ 6,701,000 Honthly 3 8 $ 484,000 Honthly 1 8 $ 781,800 Honthly 8 8 $ 558,400

F MReo 0 430 -5 OR L AND OUT I L I T I E5 COMM FINANCIAL HANACEHEHT SYSTEH S 5 I 0 N OA TE 0 PACE 8/29/80 2

COMPARATIVE CONSOLIDATED SIAfLMEHT OF OPERAf IQNS FOR YEAR ENDED Jul 1980 CURRENT MONTH 12 HON THS EHD I NC fHIS YEAR LAST YEAR INCRE/DECRE PERCENT OESCRtPftON THI 5 YEAR t

LAST YEAR INCRE/OECRE PERCENf I 5 ~ 203 ~ 510- ll ~ 349 ~ 298- 3~ 854 ~ 2 12 34 ' ELEC REV I 22 ~ 56 8 ~ 769 102 ~ 311 ~ 726- 20 ~ 257 ~ 043 19 ~ 8 949o 7d0- 795 ~ 769- 154 ~ 011 19 ' WAfR REV 9 ~ 397 ~ 483 8 ~ S66 ~ 084- 531 ~ 399 6o0 14 ~ L63 ~ 290 12 ~ 145e 067 4e 008 ~ 223 33 ' I OfL REV 131 ~ 966 ~ 252- I I I ~ I 77e 810 20 '88 '42 18e7 I I ~ 301 ~ I 61 9 ~ 442 ~ 279 1 ~ S58 ~ SSS 19 ~ 7 ELEC Of M EXP 90 '48 '24 73 '33 '65 I 7 ~ Ot5 ~ 259 23o I 285 'd5 224 ~ Vt 7 60 ~ 968. 27e 1 WATR OCH EXP 3 ~ I She 842 2 ~ 710 ~ 373 475 ~ 469 L7 ~ 5 175 '84 172 ~ 868 2 ~ 516 I~5 CUST ACCT G 2~ L 99 ~ 696 2 ~ 037 ~ 026 162 ~ 670 So 0 LOS O76 9 ~ 374 1 ~ 302 13 ~ 9 MKTG 132 ~ 774 I 17e 082 15 ~ 692 13 '

43o,672 SOLD 623 64 ~ 951- 12 ~ 9 CENL AOHN 5 ~ 341 ~ 121 5 '36 '99 95 ~ 878- I ~8 107o076 104 '04 3 ~ 072 3~0 STAT UTIL I ~ 374 ~ 669 1.009. 877 364 '92 36 ~ I 363 ~ 120 257 '92 L06 ~ 028 4to2 CITY SUPP XFR-EL 3 ~ 446 ~ 755 2 '98e453 848 '02 32 '

2oe061 2L ~ 959 4 '02 LS ~ 7 CITY SUPP XFR-WA 257e 975 247 ~ 415 10 '60 4o3 32 ~ 870 23 ~ 22 I 9o 649 41 ~ 6 ORAH CHTY PHT 3D4 ~ 644 229 '67 74 ~ 977 32 ~ 4 12 '3do911 10 ~ 757 ~ 337 I ~ 981 ~ 574 LSe4 TOTL EXP 106 ~ 792 ~ 100 87 920 '57 18e871 ~ 843 21 '

3 't4 ~ 379 I ~ 387 ~ 730- 2o026 ~ 649 INCH BEFORE OEPN 25 ~ I 74 ~ 152- 23 '57e553- I ~ 916 '99 Se2 554 ~ 641 527 ~ 394 27 ~ 247 5~2 ELEC OEPN 8 AHOR 6e 590 ~ 928 6e 291 ~ 562 299 ~ 366 4~8 de 987 72e170 14 ~ 817 20 ~ 5 WATR OEPN S AMOR I e 091 ~ 142 858e233 232 '09 27 ~ I

? 0 ~ 389 I 7 ~ SS I 2 ~ 538 14 ' COMM DEPN 223 ~ 435 225e 346 I ~ 911 ~ 8 2 '52 '62 770 ~ 31 5- I ~ 982 ~ 04 7 SYST I NCM 17 ~ 268e 647 15 ~ 882e 412- LE 386 '35 8~7 0 32 ~ 401- 32 '0L LEAS INCH 75e 471- 199 ~ 722- 124 '5L 62 '

2 ~ 752 ~ 362- 802 ~ 716- I~ 949 '46 OPNS I NCH I 7 ~ 344 I 18-

~ 16 ~ 082e 134- I ~ 261 ~ 984 7~8 290 ~ 522 350 ~ 275- 59 ~ 753- 17o I INTR I NCH 5 ~ 887e 882 4. 147. 775- I ~ 740e 107 42 ~ 0 61 ~ 393 35 ~ L92- 26 '01 74 5 NON 'OPNS LNCH 856 ~ 373 562e742 293 ~ 631 52 '

804 ~ 428 571 ~ 408 233 '20 40od BUND INTR EXP 9 ~ 27 I ~ 767 6e856e896 2 ~ 414 ~ 871 35e2 I ~ 373 0 I 3 73

~ BONO DISC AMOR 16 ~ 482 0 16 ~ 482 12 ~ 417 10 ~ 093 2 '24 23 ' 0'fHR INTR EXP 124 ~ 835 L 21 ~ 894 2 ~ 941 2o4 29 ~ 325 485 28 ~ 840 NON OPNS EXP I 10 ~ 042 72% 747 37 '95 51 ~ 3 2 '5oe734 60be 197-

'00 I ~ 650 ~ 537 NET INCH 14 ~ 565e 247- 13 ~ 74 le 114- 824 ~ 133 6 '

558 '00 I ~ 074 515e6DD 48&D XFR TD CLTY 9 '33e200 7 '62 F 000 I ~ 771 ~ 200 23ol I~ 698 '34 467 '03 2o 166 ~ 137 RETN EARN 5 ~ 132 ~ 047- 6e079e 114- 947e067 IS ~ 6

FMWS043J-5 0 R L A N D 0 U T I L I T I E 5 C 0 M M I S 5 I D N DATE 08/29/80 FINANCIAL MANAGFHENT SYSTEM PAGE COMPARATIVE REVENUE AND FXPENSE PER KILOWATT HOUR SOLD FOR YEAR ENDED JUL 1980 MONTHS ENDING THI S, YEAR LASI'EAR INCRE/DECRE PERCENT EI EC REV ICONSUHERS) ~ 0446 %0349 ~ 0097 27%8 ELEC GENR OPNS ~ 0017 %00)5 ~ 0002 13%3 ELEC GENR FUEL 0260 %0187 0073 39%0 ELEC ELEC GENR GENR HNTC EXP

~

~ 0016

~ 0293 F 0018

%0220  %

~

%0002 0073 ll I 33%2

~

PURCN POWR %0005 %0001  % 0004 LOAD CONT XMSN SVCS ~ 0001 ~ 0001 POWR SUPP EXP ~ 0299 ~ 0222 ~ 0077 34 '

ELEC XMSN DPNS ~ 0002 %0002 ELEC XHSN HNTC F 0005  % 0001 F 0004 ELEC XMSN EXP ~ 0007 ~ 0003 %0004 ELEC DIST OPNS ~ 0007 %0007 ELEC DI ST HNTC %0008 ~

0007'0014

%0001 14%3 ELEC DIST EXP %00)5 ~ 0001 7~ I rorL ELEc Exp %0321  % 0239 ~ 0082 34 '

FLEC SYST INCH %0)25 ~ Ol!0 ~ 0015 13%6 ELEC CUST ACCT %0006 %0006 ELEC HKT G F 0001 %0001 ELEC GENL ADMN OPNS F 0014 ~ 0016 %0002 )2 '

ELEC GENL. ADHN HNTC F 0006 F 0005 ~ 000 I 20 '

ELEC TO)'L INCH %0098 %0082 ~ 0016 19 '

STAr Ur IL r Ax 0006 ~ 0005 ~ 0001 20 '

23 '

CITY SUPP XFR %00)6 ~ 0013  % 0003 ORAN CNTZ PMT ~ 0001 %0001 ELEC INCH EX DEPN ~ 0075  % 0063 ~ 0012 19 '

ELEC PLNT DEPN %0031 ~ 0030 %0001 3' ELEC PLNT AMOR ELEC COHH DEPN ~ 0001 ~ 0001 FLEC INCMICONSUMERS) ~ 0043 %0032 ~ 001 I 34% 4 ELEC REV )RESALE) ~ 0434 ~ 0276 .0158 5 7%2 ELEC GENR FUEL ~ 0351  % 0222 ~ 0129 58 ~ I ELEC INCH )RESALE) ~ 0083 ~ 0054 ~ 0029 53% 7 ELEC INCH ~ 0052 ~ 0041 %00)1 26 '

FHRS0430<<5 0 R L A N 0 0 U T I L I T I E 5 C 0 M H I 5 5 I 0 N OA TE 08/29/80 FINANCIAL HANACEHFNT SYSTEM PAGE 4 COMPARATIVE ELECTRIC STATEMENT QF OPERAf IONS FOR TEAk ENOEO JUL 19SO CURRENt NONtH 12 MONTHS ENO INC LAST TEAR IN HE/DECRE PERCENf DESCRIPTION THIS YEAR LAST TEAR INCRE/OECRE PERCEN'f THIS YEAR 15 ~ 203>> 510- 1 I ~ 349 ~ 298- 3~ 854 ~ 212 34 ' ELEC REV 122 '68>>769 I 02 ~ 3 I I ~ 726- 20 ~ 257 ~ 043 1908 301 ~ 462 341 ~ 509 40 '47 11 ~ 7 ELEC GENR OPNS 3 ~ 656 ~ 082 3 ~ I 12 ~ 953 543 ~ 129

'61 17>>4 10 ~ 323>>d1 0 8>> 532>> 742 I ~ 790 '68 21>>0 ELEC CENR FUEL 77>> 410 ~ 274 62 '48>>466

'41 '77 14 F 808 298 ~ 106-23 8 '

29l ~ 262 237 ~ 493 53 ~ 769 22>>d ELEC CENR NNTC 3 ~ 443>> 271 3 10 ~ Vld>>334 9 ~ I I I ~ 744 I ~ 804 '90 19 ' ELFC GENR EXP 84 ~ 509 ~ 627 69 '02 '96 14 ~ 806 ~ S31 21 ~ 2

'55 6 ~ 791 6 ~ 464 95>> 2 PURCH POVR I ~ 143>> lsl 151 ~ 298 991 '83 13 99 72 27 37 ~ 5 LOAO CONT I ~ 356 780 576 73 '

1 1 ~ 585 9 ~ 79S I ~ 790 ltd' 1803 XNSN SVCS 144 ~ 625 I 30 ~ 100 14 ~ 52S I l>>2 10 ~ 941 ~ 273 9 ~ 128 ~ 402 I ~ 812 ~ 871 19>>9 POWR SUPP EXP 85 '98 ~ 789 69 '84 '74 15 ~ 813 ~ 815 22 '

Da>>930 32 '78 4 852 15>> I ELEC XMSN OPNS 471 ~ 501 357>> 606 113 ~ 895 31 ~S 61 ~ 875 45 ~ 590 le

~

~ 285 35 ' ELEC XHSN MNTC I ~ 070 ~ 824 267 ~ 805 803 F 019 9d>>805 77 'ad 21 ~ 137 27 ' ELEC XHSN EXP I ~ 542 ~ 325 625>> 411 916 ~ 914 121 ~ 959 I 17 ~ 515 F 444 3 ' ELEC 01 Sf OPNS I ~ 451 ~ 605 I 443>> 746

~ 7 '59 ~5 139 ~ 130 118 '94 20 '36 ELEC 01 St MNfC I ~ 755 905 ~ I ~ 4 79 ~ 234 276 ~ 67 I I 807 261 ~ 089 236>> 209 24 '80 1005 ELEC 0 I ST EXP 3 ~ 207 ~ 510 2 '22 '80 284 ~ 530 9~7 11 ~ 301 167 9 ~ 442 ~ 279 1.858.888 19>>7 TOTL ELEC EXP 90 ~ 548>> 624 73 ~ 533 ~ 365 17 '15 ~ 259 23 ~ I 3 '02 '43 ~

I ~ 90 7 ~ 01 9- I ~ 995>> 324 ELEC SYST INCH 32 ~ 020 ~ I 45- 28>> 778 ~ 361 3 ~ 241 ~ 784 11>>3 105 ~ 219 105 ~ 556 337 ~ 3 ELEC GUST ACCT I ~ 301 ~ 825 I ~ 214 ~ 231 8'94 15 '92 7>>2 tb,ata 9 ~ 374 I ~ 302 13>>9 ELEC HKTC 132 ~ 774 117 ~ 082 13 242 '32 309 ~ 193 67 ~ Oal- 21 ~ 7 ELEC CENL AOMN OPNS 2 ~ 927 ~ 707 3 ~ 274 ~ Dt 6 346>>609- 10>>6 100 '45 82 ~ 132 18 ~ 513 22 ' ELEC GENL AOHN MNtC I ~ 260 '64 977>> 931 2S3 ~ 033 28>>9 3 ~ 443 ~ 671- I ~ 400 ~ 764- 2>> 042 ~ 907 ELEC TOTL INCM 2do 396>> 875- 23 ~ 194 ~ 801- 3.202. 074 1308 107 '?d 104 '04 3 072 3~0 STAT UftL TAX I ~ 374 '69 I ~ 009 ~ S77 364 ~ 792 3e.l 363>>120 257 ~ 092 106 '28

~

41 ~ 2 CITY SUPP XFR 3 ~ 446>> 755 2>> 598>> 453 848 ~ 302 74 ~ 977 32 ~ 6 32>>6 32 ~ 870 23 22 I

~ 9>>649 41.e GRAN CNTY PHT 304 ~ 644 229 667 2 '40>>a05- 0 I de 44 7- 1 ~ 924 '58 ELEC INCH EX OFPN 21 ~ 270 ~ 807 19>>356>> 804- I >>914 ~ 003 9~9 553 ~ 950 526 703 27 '47 5>>2 ELEC PLNT OEPN 6 ~ 582>> 640 6>>283>>274 299>>366 AS 691 691 0 ELEC PLNT AHOR 8>> 288 8>>288 0

'38 I ~ 66 3-

'5 17 530 2 ~ 208 14>>2 ELEC COMM OEPN 194 ~ 388 I 96>> 051 ~8 2 'ds ~ 22a '73>>

52 3- I ~ 894 '03 ELFC t NCH 14 ~ 485>> 491 12 ~ 869 ~ 191 I ~ 616 ~ 300 12e6 26>> 149- 26 ~ I 49 LEAS PLNt REV 120 ~ 497 2670 2a I- t46 ~ 764- 54>>9 0 6>> 252 6 ~ 252 LEAS PLNf EXP 45 '26 67>>539 22 ~ 513- 33>>3

'ed 0 32 ~ 401- 32 ~ 401- LEAS PLNT I NCH 75 ~ 471- 199>> 722- 124 ~ 251 62 '

2 ~ 226 505>>924 I ~ 862 ~ 302 ELEC OPNS INCM 14 ~ 560 ~ 962- 13>> 068>> 913- I ~ 492 ~ 049 I l>>4 2al ~ 470 315>> 24 7- 53 ~ 7 77- I?>>1 INTR INCN 5 ~ 299 ~ 094- 3 '32>>997- I ~ 566 '97 42 ~ 0 61 ~ 393- 35>> 192- 26 '01 74 ~ 5 NON OPNS INCM 856>> 373- 562 l42 293 ~ 63 I 52 ~ 2 723 '85 514 ~ 267 209 ~ 718 4008 SONS INTR EXP 8 '44 '90 6>> I 71 ~ 206 2 ~ I 73 >>384 35>>2 1 ~ 236 0 I 0236 SOHO OISC AHOR 14>> 834 0 14 ~ S34 Id'06 8 ~ 377 I ~ 929 23 ~ 0 bfHR INTR EXP 103>> 613 101 ~ 172 2 ~ 441 2 ~4 29 '25 4dS 28 ~ d40 NON OPNS EXP I 10 042

~ 72>> 747 37 ~ 295 51 >>3 1 ~ 92a 237- 333>>234- I ~ 593 ~ 003 ELEC NET INCH 12 ~ 143 ~ 350 I I ~ 0 19>> 527- I ~ 123 ~ 823 1002 491 ~ 392

~ 434 '45 945>> 120 el 1 ~ 886 453 ~ 728 2 '4a>>731 48 ~ 0 XFR TO CITY 8 ~ 301 ~ 216 6 '42 '60 I ~ 558 '56 23>> I 1 RETN EARN 3 ~ 842 ~ 134 4 '76>>967 434 ~ S33- 1002

FHQ50430-5 0 R L A N 0 0 U f I L I T I E S C 0 H N I S 5 I 0 N DATE 08/29/80 F 1NANC1 AL H*NAGENENT SYS EH f PAGE 5 CONPARAf I VE REVENUE AND EXPENSE PEN I NOUSAND GALLONS SUL0 FOR YEAR ENDED JUL 1980 12 NON TNS ENDING tHIS YEAR LAST YEAR INCRE/DECRE PERCENT

'V ATR REV ~ 6039 ~ 5969 F 0070 l<<2 VAtR PROD OPNS 00907 ~ 0764 <<0143 LS<<7

'VATR PROD HNTC ~ 0239 0130 <<0109 8308 VATR PROD'XP <<1146

~

<<0894 <<0252 28 '

VATR 01st OPNS ~ 0085 <<OOS3 <<OD02 2<<4 VATR DIST HNTC ~ 0816 ~ 0848 ~ 0032 3<<8 V*TR 01 ST EXP ~ 0901 ~ 0931 ~ 0030 3<<2 TOI'L VATR EXP ~ 2047 ~ I 825 o 0222 12<<2 VATR SYST 1NCN ~ 3992 <<4144 <<0152 3<<7 VATR CUST ACCf ~ osrr <<0554 0 0023 4<<2 VA'IR HKTG VATR GENL AONN OPNS ~ 0550 00643 ~ 0093 14<<5 VATR GENL AOHN HNTC <<0190 <<0154 <<0036 23<<4 VATR TOIL INCH <<2675 ~ 2793 001L 8 4<<2 CITY SUPP XFR ~0 166 ~ OL67 << 0001 ~

6'<<5 VATR INCH EX OEPN <<2509 <<2626 ~ OL17 VAL'R Pl NT OEPN ~ 0702 .OS78 00) 24 21 <<5

'WAI'R PLNT AHOR ~ 0001 <<0001-VATR CONN OEPN ~ 0019 <<0020 <<0001 5~0 VATR OPNS I NCH ~ 1789 <<2028 <<0239- 11<<8

FMRSO430-6 0 fC L A N 0 0 U T I 4 I T I E 5 C 0 H H I 5 S I 0 N DATE 08/29/80 PAGE 6 F 14eANCL AL HANAGFMENT SYSTEM COMPARAfl VE WATER Sf AfEMENT OF OPEMAT tONS FOl4 YEAR ENDED JVL 1980 CURRENT HONTH 12 HONTHS ENDING INCRE/DECRE PERCENT CR I PT I ON THIS YEAR LAST YEAR INCRE/OECRE PERCENT THIS YEAR LAST YF AR DES Oll 9 ~ 397 ~ 483- Be866e 081 531 e399 6o0 949 ~ 780- 795 ~ 769 154 ~ I 904 WATR REV 411 ~ 507 I ~ 135e 200 276 o307 24e3 154oi85

'48 101 ~ 696 13o 774 52 ~ 789 I ~ 474 51 ~ 9 10e 7 WATR PROD OPNS WATR PROD MNTC 1 ~

372e 31 7 193e016 179e301 92 '

15 169 '33 115o 470 Si e 263 47 ~ 0 WATR PROD EXP 1. 783. 821 I ~ 3244 ~ 216 455 '08 31e3 Lee209 90 762 4 ~ 447 4506 WATR DIST OPNS L32 ~ 607 123 ~ 115 9 ~ 492 7.7 lJL ~ 943 99e 685 2 '58 2 ' WATR DIST MNTC 1 ~ 269e 41 I

'18 I ~ 259e 042 L 0 e369 ~8 I~4 1 lao 152 109 ~ 447 6e 705 6' ~ fATR DISf EXP I ~ 402 I ~ 382e I S7 19 ~ 861 285 F 885 224 '17 60 ~ 968 27 ~ I TOTL WAI'R EXP 3 ~ IBSe 842 6 ~ 211 ~ 611 2 ~ 710e373 6 ~ 155e 711-4 IS ~ 469 55 ~ 93 0 1705 o9 aa3 ~ 895- 570 ~ 852- 93 ~ 043 I be3 WATR SYST INCH 70 ~ 165 b7 ~ 312 2 ~ 863 4~2 WATR GUST ACCT 897 '71 822e795 75 F 076 0

9ot 0 0 0 WATR MKTG 0 0 70 ~ 288 9 t ~ 027 20 ~ 739 22 ' WAI'R GENL AOHN OPNS 856 ~ 664

'86 955e 362 98 ~ 69 41 10 ~ 3 23 '07 19 ~ 271 1 ~ 336 22 ' WATR GENL AOMN HNTC 295 229 ~ 390 66%396 28 199 ~ 4435 393 ~ 242- 106 ~ 593 27 ' WA'TR TOTL INCH 4 ~ 161 ~ 320 4 ~ 118 ~ 164 13 ~ 156 ~ 3 2ae061 21 ~ 959 4 ~ 102 18e7 CITY SUPP XFR 257e 975 247e 415 1'60 2 '96 4 ~3 el 4 I3 ~ 774- 371 ~ 283 102 ~ 191 27 ~ 6 WATR INCH EX OEPN 3 '03e345 3 ~ 900e749-87 ~ I 54 72 ~ 170 14 '84 20 ~ 8 WA T R PL.N r OEPN I ~ 092o 815 858 '33 234 '82 le673-27 ~ 3 167- 0 167- WATR PLNT AMOR I ~ 673 0 2ea51 2 ~ 32L 330 14 ~ 2 WATR COMM OEPN 29 ~ 047 29 '95 248 ~8 384 ~ 1 36- 29ao 792 8'44 29 ~ 4 WAI'R OPNS INCH 2e 783 ~ 156 3 ~ 0 13e 221 230 '65 To6 29 ~ 052- 35 ~ 028 5 ~ 9 76- 17e 1 INTR INCH 588e 788 4 14 ~ 778 174 ~ 01 0 42 '

0 0 NDN OPNS INCH 0 0 0 35 '

0 80 ~ 443 57 ~ 141 23 '02 40 ~ 8 BOND INTR EXP 927 ~ 177 &85 ~ 690 241 ~ 487 I o648 137 0 137 BOND DISC AHOR I ~ 648 0 2~1 I1 1.716 395 23 ' , OTHR INL'R EXP 21 ~ 222 20 ~ 722 0

500 0

2~1 0 0 0 NON OPNS EXP 0 330 '97 272 '63 57 '34 ~ I wATR NET INCH 2 ~ 421 ~ 897- 2 ~ 721 587 690- I le0 21 147-'99

~ ~

ale 008 128 F 880 6L ~ 4172- 4800 XFR TO CITY I ~ 131 ~ 984 919e440 212 ~ 544 23et 263 ~ 489- lii 083- I 19 ~ 40a 82 ' RETN EARN I ~ 289 ~ 913- I ~ 802 ~ 512 0234 28 '

FsCHSJ430-5 0 R L A N 0 0 U T I L I T I E 5 C 0 N N I 5 5 I 0 N OATE 08/29/80 F I NANCI AL NANAGENENT SYS TEN PAGE CONPARATIVE ELECTRIC STATENENT OF OPERAI IONS FOR YEAR ENOEO JUL 1980 CURRENT NONTH 12 NONTHS ENDING THIS YEAR LAST YEAR INCRE/OECRE PERCENT OESCRIPT I ON THIS YEAR LAST YEAR INCRE/OECRE PERCENT ELEC REV 4 ~ 417e501- 3e 206e 569- I ~ 210 ~ 932 37o 8 440 RESI 4 I ~ 074 ~ 705- . 31 ~ I 87e 693- 9 '87 '12 3'I 07 I ~ 05aeOa9- 814 ~ 790 241 ~ 2 79 29 ~ 6 442 GSNO 10 ~ 030 ~ 858 8e064 ~ 443-. I ~ 966 ~ 415 24e4 Dea35,344- 2 ~ 431 ~ 534 I ~ 203 ~ 810 49o5 442 GSO 34 '85e664 25 '39e576 9 ~ 146 ~ 088 36o I 827 ~ 799- 549o070- 278e 729 50 ~ 8 442 GSO PRI 7 ~ 687e 157- Se558e232- 2 '28 '25 3803 25 ~ 403- 20 ~ 920 4~ 483 21 ~ 4 443 PRtV STLT 289 ~ 609 246e951- 42 '58 17o3 105 ~ 785- 86 '54 18 ~ 831 21 ~ '7 444 PUOL STLT I ~ 209e 991- I ~ 022 ~ 928- 187 '63 1803 27 079- 2ae485- 594 2~2 451 SVC FEES 333 ~ 662- 29be660- 37 '02 12 ~ 5 456 OTHR 10 ~ 094 ~ 980- 7 ~ 13ao 322- 2 ~ 958e 658 41 ~ 5 CUSTOHER SALES 95 ~ I I I ~ 646- 71 ~ 716e483- 23 ~ 395 ~ 163 32o6 1 laea46- 71 ~ 913 44 ~ 733 6202 448 OUC USE 972e 127 746 ~ 841 225 '86 30 '

10 ~ 21lea26- 7 '08e235 3 '03 '91 41 ~ 7 RETAIL SALES 96 ~ 083 ~ 773 72 463 324- 23 '20 449 F 32 '

4 ~ 991 ~ 884 4 ~ 141 ~ 063- 850 '21 20 ~ 5 447 RCSALE 26 ~ 484 ~ 996- 29e848 ~ 402 3 '63 '06 ll 3~

15 ~ 203 ~ 510- I 1 ~ 349 ~ 298 3 ~ 854 ~ 212 34 ' TOTAL SALES 122 '68 769- 102 ~ 311 ~ 726 20 ~ 257 ~ 043 19 ~ 8

0 L 0 0 U T I L I T I E 5 C 0 H H I 5 5 I 0 N DATE 08/29/80 F MRS 3430 5 R A N PACE 8 F I NANCL A< MANAGEMENT SYSTEM COMPARATI VE wAIER SIATEMENT OF OPFRAT IONS FOR YEAR ENDED JUL 1980 CURRENT MONTN 12 MONTHS ENDING DESCRIPI'ION THIS YEAR LAST YEAR INCRE/OECRE PERCEN'I IN IS YEAR LAST YEAR INCRE/SECRE PERCENT HATER REV 499e 845- 95 'S4 461 RESL S. 660, 708- 5e498e 313 I 62 ~ 395 3eO 595 ~ 729- 19 ~ 2 197 ~ 457 I 6<< ~ 575- 28 ~ 8S2 17 ~ 1 46L COHH 2 ~ 087e 630- I ~ 824 ~ 761- 262 '69 14e4 102- 63 ~ 140- 2 ~ 962 20 ' 461 I NO 777e 300- 760 ~ 722 16 e578 2 e2 7oe 1 50 ~ 166- 32 ~ 616- 17 '50 5308 465 IRRI 399e 243- 322 ~ 799- 76 '44 23e7 050- 20 070- 20- 462 FIRE PROT 351 331- 332e 889 18 '42 5e5 20 ~ ~ ~ L ~

8.760- 9 ~ 852- I ~ 092 ll ~ 1 4 7L SVC FEES 104 ~ 715- I 08 ~ 961 4 ~ 246 3e9 474 OTNR 948 '64 794 '98 L 54 ~ I 66 19 ' CUSTOMER SALES 9 ~ 380e 927 8 ~ 848e 445 532 '82 6eO I ~ 5 I 6- 1 ~ 67 I- 155 467 OUC USE 16 ~ 556- L7 ~ 639- I ~ 083- 6~I 949 ~ 7SO- 795 ~ 769- I 54 ~ Ol 1 19 ~ 4 TO'TAL SALES 9 ~ 397e 483- 8 '66 '84 531 ~ 399 6~0

FHRSJ430 9 ORL AN BOUT I L I T I E5C F t NANCt AI MANAGEMENT SYSTEM OH H I 5 S I 0 N DATE PAGE 08/29/80 9

CUMPARATL VE ELECTRtC ACTIVE SERVICE STA'll STLCS FOR YEAR ENDED JUL- 1980 ACT tVE SERV ICE LNACT IVE SEet V I CE TOTAL SERVICE DESCRIPT LON RE VENUE PER ACTI VE SERVICE THIS YR LAST YA THI 5 YR I AS I'A THI 5 YR LAST YR THIS YR LAST YR INCR/DECA PERCENT 25 ~ la6 25e 414 576 671 26e342 26 ~ 085 00 RES I IN HOME 611 463 148 3200 Lbe l40 18 ~ 376 1 ~ 281 1 ~ 246 20 ~ 021 1 9 e622 02 RES I IN MULT RES I 431 336 95 28e3 290 279 0 0 290 279 22 RESI 1N SPEC A 262 211 51 24o2 19 L9 0 0 19 19 38 RES I IN SPEC 8 216 21 L95 44e 815 44 ~ 088 I ~ 857 I ~ 917 460672 46 F 005 RES I LN 533 408 L25 3006 20e 256 19e 869 491 606 20o747 20 '75 OL RES I OUT NONE 644 499 145 29ol 8e o37 8 ~ 463 524 673 9 ~ 161 9 '36 03 RESL OUT HULT RES I 47L 382 89 23o3 225 217 0 0 225 217 23 RES I OUT SPEC A 285 231 54 23o4 2 2 0 0 2 2 39 RES I OUT SPEC 8 272 24 248 29e 120 28e 551 I ~ 015 I ~ 279 30 ~ 135 29e830 RESt OUT 590 462 128 27 el 0 0 748 779 748 779 98 RESI NO METR 0 0 0 73e 935 72 ~ 639 3e 620 3 ~ 975 77e555 76 '14 RES I 556 '429 127 29o6 Se 883 Se 733 320 357 6e203 6 ~ 090 06 GS ND IN I ~ 144 943 20L 21 o3 Se 883 5 ~ 733 320 357 6e203 6 ~ 090 GSND IN I e 144 943 201 21 o3 2 ~ 842 2 ~ 744 136 150 2 '78 2 ~ 894 07 GSND OUT I ~ 162 968 194 2000 0 0 0 0 0 0 CSND OUT FLAT 0 0 0 2e 842 2 ~ 744 136 150 2 e978 2 e894 GSNO OUT I ~ 162 968 194 2000 0 0 0 0 0 0 GSND NO HETR 0 0 0 8e 725 8e 477 456 507 9el 81 8 ~ 984 GSND I ~ 150 951 199 20 '

0 0 0 0 0 0 08 GeS 0 IN OEH 0 0 0 1 ~ 054 L~ 012 18 23 1 '72 1 ~ 035 LO GSD LN FNER 21 ~ 443 L50900 5 '43 34 '

1 ~ 0'54 1 ~ 012 L8 23 1 '72 1 ~ 03$ CSD IN 24 ~ I 75 18. 751 5 e424 28 '

0 0 0 0 0 0 09 GSO OUT DEM 0 0 0 455 455 434 434 9 5 464 439 tl CSD OUT ENER 0 0 0 9 5 464 439 CSD OUT 0 0 0 I ~ 5J9 I ~ 446 27 28 I'36 1 ~ 474 CSO 22 ~ 853 17e524 5 e329 30o4 0 0 0 0 14 CSD PR I IN DEH 0 0 0 24 23 24 24 L6 GSD PR I IN ENER 0 0 0 24 23 24 24 GSO PRt IN 175 ~ 301 133 '83 4 t ~ 818 3Lo3 0 0 0 0 15 CSD PR I OUT OEH 0 0 0 9 9 9 9 17 GSD PRI OUT ENER 0 0 0 9 9 9 9 GSD PAI Our 386e659 276 '59 110 ~ 200 39o9 33 32 33 33 GSD PAL 232 '44 173 '95 59 '49 34oL 4e 025 3e 796 4 '25 3 ~ 796 PRIV STLT 72 65 1008 5

0 IL 0

0 0

5 0

il0 30 32 PUBI STLT PUBL SILT IN IN OV HD WWAY 54 0

4CI 0

8 0

I lo4 371 465 0 371 465 33 PUBS SILT IN FL OR 108 85 23 27 ~ L 11 ~ 987 12 ~ 214 0 I I ~ 987 12 ~ 214 34 PUBL STLT LN MERC 841 73 11 15 ~ I 99 cl 33l 0 998 331 31 PUBI STLT LN SOON VAPR 68 60 8 13o3 7e 353 7 ~ 072

'93 0 7 '53 7 '72 35 PUBL STLT IN TRAF 12 9 3 33 '

20 ~ 714 20 0 20 '14 20 '93 PUBI. Sri r 58 51 7 1 3o

'7 20 ~ l 14 20 '93 0 20 ~ 714 20 '93 PUISL STLT 58 51 7 1307 108 ~ %41 LOIe ~ 483 4 ~ 103 4 ~ Sll I 13 ~ 044 LLO ~ 994 TOT At. 870 671 199 29ol

FHHS0430-5 0 R L A N 0 0 U Y I L I T I E S C 0 H H I S S I 0 N DATE 08/29/80 FINANCIAL HANACFHENT S'STEM PAGE 10 COHPARATIVE ELECTRtC STATEHENT OF OPERATIONS FOR YEAH FNOEO JUL 1980 CURRENT HONTH 12 HONTHS ENDING IN RE/DECRE PERCENT DESCRIPTION THIS YEAR LAST YEAR INCRE/OECRE PERCENT THIS YEAR LAST YEAR REVENUE ELECTRIC 291- 199 ~ 307- 460 ~ 9S4 38 ~ 4 00 RES I iN HONE 15o 749e 173 I I ~ 763o 473 3 'SS ~ 700 33 '

1 ~ ddO ~

eider 29L 1~

e2e, rr4- 229 F 517 3do6 02 RES I IN HVLT RES I 8 ~ 07 I ~ 443- 6 ~ 177o 151 I ~ 894 '92 30 F 7 7 ~ S59- 62D 2 '39 3908 22 RESI LN SPEC A 75e 991- 58o 921 tr oro

~ 29o0 3 '06 So 5 L 9- 38- 481 38 RES L IN SPEC B 4 ~ 105- 399 2 ~ 524 960- I ~ S31 ~ 739 693 '21 37eS RES I IN 23.9oo. r12- 17o999e 944- 5e900 ~ 768 3208

~

579- I ~ 036e 086- 396 F 493 3803 01 RESI OVT HOHE 13o 044 050- 9 '05 '69 3 ~ 138 ~ 4S I 3L ~ 7 I ~ 432 ~

'770- 333 ~ 642- 119 '28 35e 7 03 RESI OVT HVI I'ES I 4 ~ 065e LSL

~

3 ~ 231 ~ 921 833 '60 25o 8 14 '07 452 rei39- 5 ~ 198- I ~ 941 37 ~ 3 23 RESI OUT SPEC A 64 ~ 2 19- 500 2L2 2709 39 I SPEC 8 543- 47 496 1 ~ 892 ~ 541-53 1 ~ 374 ~ 830-4 517 ~ 711 49 37o7 RES RES I OUT OUT lie.l 73o 993 13o I Bro 749- 3o986e244 30 '

4 ~ 4lto501- 3o 206e 569 1 ~ 210o 932 3708 RES I 41 ~ 074 ~ 705 31 ~ I 87o 693- 9o887 ~ 012 31 '

708e 849 548 ~ 259- 1 60 ~ 590 29 ' 06 GSNO IN 6 ~ '727 ~ 708- 5 ~ 407 ~ 201 I ~ 320o507

'07 24

roeI ~ 849 54S ~ 2S9- 160 '90 29o3 GSND IN 6o 727o 708- 5o 40le 201 I ~ 320 645 '08" 24 347o 220 266e 53 I- 8'89 30 ' 07 GSND OVT FLAT 3 ~ 303o 150-0 2 ~ 657 ~ 242-0 0 24 ~ 3 0 0 0 CSND OUT 347 ~ 220 266 ~ 531 80 '89 30 ~ 3 CSND OUT 3o 303o 150- 2 ~ 657e 242 6450908 24o3 t.oSe.od9- 81 4 ~ 790- 241 ~ 2 79 29oe GSND I 0 ~ 030 ~ 858- Bo064 ~ 443 I ~ 966 ~ 415 24 '

261 ~ 583 992-256e 267 5e31 6

'58 2 ' 08 lo GSO IN OEH 2 ~ 880 ~ 431-22 ~ 600 ~ 466-2o885 ~ 366

'90 '43 6 4

'09 '23 ~ 935-40o5

~2 2 ~ 428 ~ 1 ~ 562 ~ 034- 866 55o5 GSO IN ENER 16 2od9J F 575 1 ~ 818 ~ 30L- 872 ~ 2 74 48 F 0 GSO IN 25e480 ~ 897- 18o 976o 309- 6o504 F 588 34 ~ 3 91 ~ 36 I 65o 501- 25e860 39o5 09 CSO OUT DEH I ~ 005e 470- 948 ~ 779- 56ed91 6~0 863 '08 547 ~ 732- 305 ~ dra S5.8 CSO OUT ENER 7 '99 '97 So414 ~ 488 2 '84 '09 47 ~ 7 944 ~ 769- 6 13 ~ 233- 33 I ~ 536 54 ' CSD OVT 9 ~ 004 ~ 767- 6o 363e 267- 2 '41 500 F 4' 3oo35o344- / 2 ~ 431 ~ 534- I ~ 203 ~ 810 49e5 GSD 34 '85 '64 25e339o576- 9 ~ 146 ~ 088 36&L 32 '51 30 ~ 278- 2 ~ 373 7~8 L4 GSO PRI IN OEH 377 ~ 910- 332 ~ 083- 45 '27 13oB 438 ~ 975- 289o374- 49 ~ 60L 51 ~ 7 16 GSO PRI IN ENER 3 '29e317 2e 738 ~ 021 I ~ 091 ~ 296 39o9 471 ~ 62o 319 ~ 652-L 151 ~ 974 47o5 GSD PRI IN 4~ 207 ~ 227- 3e oroo 104 I ~ 137 ~ 123 37 '

24 '95 23o 50 I L ~ 09& r iS GSO PR I OEH 263e 307 260 ~ 7S9-

'39 2 ~ 518 989 'S4 IF0

'17 OUI'R 331 ~ 578- 205 I 250 661 6L ~ 0 L7 GSO I OUT ENER 3o 216 ~ 623- 2 ~ 227 44e4 35eo 1 73 229 ~ 418- 126e 755 55 ~ 3 CSO Pk I OVT 3 ~ 479 ~ 930- 2 ~ 4SSol28- 991 '02 39o9 82 7 ~ 799 549 ~ 070- 2 78e 729 50 ~ S GSO PRI 7 ~ 687 '57 5o558e232- 2 ~ 128 ~ 925 38 ~ 3 203 163 40 24 ~ 5 20 PRI V SILT IN I 2e 296- I ~ 786 510 2806 2 ~ 505 I ~ 729- 776 44 o9 24 PRI V SILT LN CONN 26e L 10- 20 ~ 3 L 6- 5 '94 2805 0 0 0 36 PRIV STLT IM SECV LITE 0 0 0 2 ~ 708- I ~ 892 816 43 ~ I PRIV STLT IN 28 406 22o 1 02- 60304 28 '

I So 489 13>> 164- 2o 325 1? ~ 7 21 PRIV SILT OUI'ES OVT RES 1

'79e 001 156 897 22 '04 14 ~ t ro236 5 ~ Bci 4- I ~ 342 22 ~ 9 25 PRIV STLT OVT 202 952- 14 ~ 250 2L ~ 0

'7 COHH 22 ~ 695- i 9. 028- 3 '67 19 ~ 3 PRIV STI T 8'61

~ 203- '24

~ 849 36 ~ 354 tde2 25 ~ 403- 20 ~ 920- 4 ~ 483 21 ~ 4 PRIV STI T 289 ~ 609 246o951- 42 ~ 658 17 ~ 3

L 0 0 V T I L I T I E 5 C 0 M M I 5 5 I 0 N DATE 08/?9/80 FMeLS0130 5 0 R A N FIHANCI A'L MANAGEMENT SYSfEM PAGE ll COMPARAT I VE ELECTRIC STATEMENT OF OPERATIONS FOR YEAH ENDED JVL 1980 CURRENT MONTH I2 MON TMS END INC THIS YGAA LAST YEAR LNCRE/DECAE PERCENT DESCA IPT I ON THI S YEAR L.AST YEAR INCAE/DECAG PERCENT 2& 11 L7- 41 ~ 5 30. PUBL STLT IN OVHO 268- sor- 239 & le 1 0 0 0 32 PVBL STLT IN rWAV 0 0 0 3 ~ I 39- 3 ~ 199- o0- I~9 33 puBL STLT IN FLQR 40 ~ 205- 39e 640- sas I e4 Sr ~ 142 75 '62 11 ~ 180 14 7 34 P VOL STLT IN MERC I ~ 012 ~ 288 89re667 L 11 ~ 621 12 8 7 ~ 431 2~ 126- 5 ~ 30S 31 PUBL Sf Lf IN SODM VAPR 67 ~ 949 19 948-

~ 18 ~ 001 8 '&6 5, ce26 2 ~ 420 &3 ~ 0 35 PUBL 5TLT IN TRAF 89 ~ 281 65e 166- 24 ills 37o0 Los.ras- 86 ~ 9S4- 18 ~ 831 21 ~ 7 PUBL STLT IN I ~ 209 ~ 991- I ~ 022 ~ 928- 187 '63 LS ~ 3 105 ~ 785- 86e 95& 18 ~ 831 2 'I e 7 PVBL STLT I ~ 209 ~ 991 I ~ 022e 928- LS7 ~ 063 18o3 31- 50- L6 32eo 40 SVC FEES IN TEMP CONN 287 699- 112 58 '

de 125 6e 935- BL0 L I ~7 42 SVC FEES tN Cuf ON 74 ~ 375 74 '80 105 el 9 ~ 500- 8~ 035- Le&as 18 2 46 SVC FEES IN RECO CHG 117 ~ 071- 91 ~ 840- 25e231 27os 15ed59- 15 ~ 020- 639 4 ' SVC FEES IN 191 ~ 733 I 67 ~ 01 9- 21 ~ rt 4 14 ~ 8 65 1 5- 50 41 SVC FEES OUT fEMP CONN 327 5 I 6- L 89- 36 ~ 6 4 ~ 680- 5e 130- 4 50- SOS 43 SVC FEES OUT CUT ON 56 '68 57e 000 832 le5 6 ~ 675- 6 ~ 320 355 5 ' 47 SVC FEES OU 'I RECO CHG S5 ~ 431- 72e 125- 13 '09 I Sos I I ~ 420 I I ~ &os- 15 ~ 4 SVC FEES OUT I & I ~ 929 I 29e 611 12 ~ 288 9es 27 ~ 079- 26 ~ 4 85- 591 2~2 SVC FEES 333 e 662- 296 '60 37 '02 12 '

59- 43- 16 37e2 04 OUC USE IN RESI 669- 51 7- 152 29e4 26 ~ 387- I 0 ~ 689- 1 5 ~ 698 012 OVC USE IN GSND 13& ~ 312 129 ~ 99&- 4 e318 3e3 9~0 48-'0 9 ~ 38 7- 339 3~6 26 OVC USE IN CSO OEM 99e 816- 98 F 878- 938 ~9 948- 51 ~ 794 29o I 54 56 ~ 3 28 OUC VSE tN GSO ENER 73O ~ 764 517 ~ 152- 219e312 42 ~ 4 716 ~ S4 I-

~

I lde 412- 71 ~ 913 44 ~ 529 61 e9 OUC USE IN 97L ~ 56L- 224 ~ 720 30 ~ I 0 0 0. 005 OUC USE OUT RES I 0 0 0 20&- 0 204 013 OuC VSE OUT CS ND 566 0 566 0 0 027 OUC USE OUT GSD OEM 0 0 0 0 0 0 029 OUC VSE OUI'UT GSD ENER 0 0 0 201 0 204 OVC USE 566- 0 566 I 16ed46- 71 44 ~ 733 62 ~ 2 OUC USE 972 ~ 127 746. 841- 225 '86 30 ~ 2 0 171 ~ 300 I 74 ~ 300- 18 FOR SALE OVT DEM 503e 712 926 ~ 699 422e987- 45e6 91 ~ 272- 0 94 '72 018 INTR CHG CLAS 8 OEM 190e 35'7- 0 190e357 11 ~ 300- 0 41 '00 OL8 INTR CHC CLAS O OEM 260 ~ 710 0 260 ~ 740 0 3 ~ 966erd3- 3 ~ 966 ~ 763- L9 FOR SALE OUT ENGR 13 ~ 210 ~ 557 2S ~ 92t ~ 703 15 ~ 711 ~ 146 54e3 5~ 171- 0 F 171 019 INTR CHG CLAS A ENER 62e 030- 0 62 ~ 03 0 1 e&4$ ~ 9& 8 0 I ~ 66Se 948 019 INTR CHG CLAS 8 ENER 3o 062e 582- 0 3 '62 'S2 wet~a.rd 7- 0 2e 1 52 ~ 767 019 LNfR CHG CLAS C ENGR 6 ~ 448e 544- 0 6 ~ 448e514 1 ~ 029e42ce 0 I ~ 029 F 426 019 INfR CHC CLAS D ENER 2 ~ 746e 474- 0 2 ~ 746 ~ 471

& ~ 991 ~ Sd&- 1 ~ 141 ~ Od3 850 ~ 821 20e5 INTR CHG CLAS 26e &S& ~ 996 29 ~ 848e 402- 3 ~ 363 ~ 406- ltd 3 4 '91 F 884 4 ~ 14 I ~ 063 850 ~ 821 20 ' INTR CHG 26 ~ 484 ~ 996- 29 ~ 848e 102 3 ~ 363 ~ 406- Ll ~ 3 IS ~ 203 '10 I L ~ 349e 298 3e 854 ~ 212 34 ' TOTAL 122 F 56'69 102e31 I ~ 726- 20e257 ~ 013 L 908

1 I

FHASJv33-9 0 ML AND OUT I L I T I ES COMM I 5 S I 0 N DATE 08/29/80 FINANC I AL MANAGEHENf SYSf EH PAGE 12 COMPARATIVE vATER ACrlvE SERVICE STATISTICS FOR YEAR ENDED JUL I 980 ACf IVE SERV ICE INACT IVE SEA VICE TOTAL SERVICE DESCRIPT I ON RE VENUE PER ACTI VE SERVICE I HIS YR LAST YR THIS YR LAST YR THI 5 YR LAST YR THIS YR LAST YR INCR/DECR PERCENT 2ao Sa5 26 '92 804 791 2 lo 669 27 '83 050 RES I IN HOME 73 72 I Lo4 I ~ 947 1 ~ 9&9 46 37 I ~ 993 I ~ 98d L50 RES I IN HULT RES I 93 89 4 4o5 a&9 647 13 6 662 653 250 RES I IN APMT 814 802 12, I ~5 2&r 226 0 0 247 226 076 RESL IN SPEC 33 36 3- So3 Lo 16 0 0 16 L6 078 RES I IN SPEC 23 23 0 29o 72& 29 '30 863 834 30o587 290964 RES I IN 90 8'9 I lot 27o31 0 26 ~ 588 730 787 28 '&0 27o3rd 051 RES I Our HONE 91 91 0 aer odr 12 11 o79 678 L51 RES I OVT HULT RES I 131 L27 4 3o1 J08 304 4 6 312 310 251 HES I OUT APMT I ~ 333 I ~ 294 39 3o0 220 205 0 0 220 205 orr RES I Our SPEC A 43 44 I 2o3 2 2 0 0 2 2 079 RESL OUT SPEC 8 31 33 2 col 28 ~ 50 7 2lo 7o6 746 804 29 ~ 253 280570 RES I OUT L05 I 04 I Io0 58 ~ 231 ae.896 I ~ 609 1 ~ 638 59 ~ 840 58 '34 RES! 97 97 0 2 ~ 8&8 2 ~ 780 238 221 F 086 3 ~ 001 550 COHH IN SUSI 207 198 9 4o5 119 123 119 57 1 2 120 121 350 COMM IN HDTL 2 '22 2~ 502 L20 &oS

-5 ~ 9 1 ~ 1 ~ 112 58 I ~ L80 1 ~ 170 450 COHH IN OFFC 232 2L9 L3

&~ 090 4 ~ Ol I 296 28L 4 ~ 386 4 ~ 292 COMM IN 284 272 12 4~4 1 ~ 974 I ~ 919 L06 L09 F 080 2 ~ 028 551 COMM OUT BUS I 239 211 28 13o3 I'0 a3 60 L 3 6& 63 351 COMM OUT HOTL 5 ~ 094 3~ 14o I ~ 94S Ol ~ 9

&0a 39& 7 412 401 451 COMM OUT OFFC 328 357 29- Sol 2o 443 2 '73 t13 119 2 ~ 556 2 ~ 492 COMM Our 379 309 70 22.r 6o 533 6 '8& 409 &00 o ~ 942 do784 COMM 320 286 34 1109 1 1 I ft I 3 114 115 650 LND IN IND 888 3 ~ 642 246 608 111 111 3 I 14 LLS I ND IN 3 ~ 88S 3 '42 246 a ~8

&a 50 49 52 65L IND OUT IND 7o 515 7 '29 386 5o&

&d 50 3 49 52 IND OU 7 ~ 515 7~ 129 386 5 '

157 Lol 6 163 167 IND 4 ~ 951 4 ~ 725 226 4 '

467 418 24 20 491 438 052 I RRI IN IRR1 319 305 14 4o6

&67 418 24 20 491 438 I ARI IN 319 305 L4 &~ 6 o2'9 4r1 28 21 oar 492 053 IARI Ouf IRRL 398 415 tr- 4ol 629 &rt 28 21 657 492 IRRI OUT 398 415 Lr- &ol I ~ 096 889 52 41 I ~ 1&8 930 IRR I 364 363 I o3 5ae 5&2 13 6 579 548 054 F I RE PROT IN PRIV 127 L3L 4 3~I 2o388 2 ~ 3&4 0 0 2 o388 2 ~ 3&4 056 FIRE PHOT IN PUSL 45 44 I 203 2o95& 2 ~ Sdd 13 6 2 ~ 967 2 ~ 892 FIRE PROT t N dl 60 I 1 ~ 7 43& 385 3 437 399 055 F IHE PAOT OUT PR IV 211 212 ~ 5 1.21r 1 ~ 134 0 0 1 o217 I ~ 134 057 FIRE PROT OUT PUSL 66 66 0 1oa51 1 ~ 529 3 4 I ~ 654 I ~ 533 FIRE PROT OUT 104 104 0 4~ o05 &~ &15 L6 10 4 ~ 621 4 ~ 425 FIAE PROT 76 75 I I ~3 70 ~ 022 68o 7&5 2o 092 2 ~ 095 72 ~ 71 4 7 0 ~ 840 TOTAL 131 127 3 '

0 L A N 0 0 V t I L I T I E S C 0 H H I 5 5 I 0 N OhtE Oa/29/80 FMHSO&30-5 R PAGE 13 FINANCIAL MANAGEMENT SYST EI4 COMPARAtl VE VATER SfAtEHENt OF GPERAtIONS FOR YEAR ENDED JVL 19SO CVRRFNT MONTH f 12 HON HS END I NG PERCENT LAST YEAH LNCRE/DECRE PERCENf DESCRIPT'LON THIS YEAR LASt YEAR tNCRE/OECRE THIS YEAR RE vENUE 15 AT ER 2ar.oto- '90 I ~ 953 ~ 274- I ~ 901 ~ 159- 52 F 115 2or lo,026-1ro. r2o-14 ~ d&8 36 I 78 21 o3 re 9 050 150 RESI RFS I IN IN HOME HULT RES I 18 I ~ 405- I 73 ~ 5S7- 7 'lS 4o5 SJ ~ 079- 1 7~ 997-1 ~

2 ~ 082 4 ~3 250 RES I IN APHT 528 '07 519 ~ 046 9e26t 1 ~

lo3 8

899 dd8- 211 30 ~ 7 076 RES I IN SPEC A Se 252- Set48- 104 Jo 30- 0 ora RES I tN SPEC 8 362- 370- 8 2o2 27+ ~ 04&- '83 39 '61 17 ~ 0 RESL IN 2.erle600- 2ed02 ~ 310 69 '90 2or 272 ~ 2OL-234 225o 1od 17 ~ 095 20 ~ 9 051 RES I OUT HO HE 2 ~ 481 ~ 266 2 ~ 408ed26- 72 ~ 64 0 3 '

8.5oo- 706- 794 10 ~ 3 151 RESL OUT HVLT RES I Sre 699 84 ~ 886 2 ~ 813 3o3 7~

31 ~ 89 7- '92 ' 251 RESI Ou'I APHT 410 '58 393 ~ 340 lr ~ 3LS 1 ~1 39 ~ SSV-L.090- did 7

242 25 28 ~ 5 077 RESt UUT SPEC A 9 ~ 423- 9e 086- 337 3 '

5- 0 079 RESL Out SPEC 0 62- 65- 3 1 ~6 321 e dd'S 5

265 ~ 56 2- 56 ~ 123 21oL RES I OUT 2 ~ 989 1 08-

~ 2 ~ 896 ~ 003- 93 ~ L 05 3 '

595 ~ 729- &99e S&5 95 ~ 884 19 ~ 2 RES I Se 660 ~ 708- 5 ~ 498e 313 162 '95 3~0 48e 125- 544 550 IN BUS I 588e 250 549 ~ 38 '19 7~0 Sbed69-30ed21- 27 ~ 33d-7~

3 ~ 283 15 ~ 7 12 ~ 0 350 COMM COMM IN Hof L 312 ~ 072- 297 ~ 755 14 ~ 31 7 4 '

25 ~ 414 20 ~ 74 1- 4~ 613 22o5 4'5 0 COMM IN OFFC 260 ~ 849- 243 ~'01 171 Lr.ers 7~ 3 1 I 1 ~ 701 96 ~ 201 15 F 500 16 ~ I CDHM LN I ~ t61 ~ 171 I ~ 090 ~ 82 7- 70 ~ 311 6~1 11,917- 39e oOO- 5 ~ 347 L3 ~ 5 551 COMM OUT BUS I 472 ~ 563- 404 ~ 344 68 ~ 21 9 16 ~ 9 27 ~ 7&5 21. 156- oe 2S9 29 ~ 3 351 COMH Out HOTL 320 ~ 907- 188 ~ 753 132 ~ 154 70 ~ 0 LJ ~ 061- 1 ~ 3L>- I e 746 15 ~ 4 451 C 014M Out OF 4=C 132 ~ 989 140 ~ 837- 7 ~ 84 8- 5~6 85 ~ 753-1 72 ~ 371- 13 ~ 382 18 ~ 5 C OI4H OVT 926 ~ 4 59- 733 934- 192 ~ 525 26 '

197 ~ 457- 16S ~ 575- 2S ~ 882 COMM 2 ~ 087e 630- I ~ 824 ~ 761- 262 ~ 869 14 '

43 ~ 275- 34 ~ 912- 8 ~ 333 23 ' 650 1 NO IN IN I ND 431 ~

431' 592-592-4 04 ~ 275-401 ~ 275-27e317 27 ~ 31 7 6o8 6oS 13 ~ 275 34 ~ 942- 8 ~ 333 23 AS IND 32 ~ 827- 2de 198- 1 ~ 629 16 ' 651 IND OUT I NO 345e 708- 356 ~ 441- I 0 ~ 739- 3oo 32 ~ d27 2de 198- 4 '29 16o& IND OUT 345e 708- 356e447 I 0 ~ 739- 3oo 76 ~ 102- 63 ~ 1 10- 12 ~ 962 20e5 I ND 777 ~ 300 760 ~ 722 16e578 2o2 I 7 ~ 114 1~ 384 6 '60 53 ~ 2 052 IRR I IN I RR I 148e 885 127e 428- 21 ~ 457 id' 17 ~ 111 1

1 L~ 384 6e060 53 ' I RRI IN 148 ~ 885- 127 ~ 428 21 ~ 457 16 F 8 32 '22 21 ~ 232- 11 ~ 190 54 ~ I 053 IRRI OUT tRRI 250 ~ 358-250 ~ 358-195 ~ 371-195 ~ 371-54 ~ 987 5& ~ 9S7 28o I 28o 1 32 ~ 722- 21 ~ 232- Lt ~ 490 54 ~ 1 I BRI OVT oO ~ td6- 32e ol 6- 1 7~ 550 53o 8 IRRI 399e 243- 322e799- 76 ~ 444 230 7 o,olO- re L&0- 530 7~4 054 F IRE PRO'f IN PRIV 72e 109- 71 01 0- I ~ 099 lo5 d ~ 955 8 ~ rd 0- 195 2~2 056 F I RE PROT IN PUSL 106 ~ S 1 I-

~

102 ~ 829- 3 '82 3 '

LS ~ eo5 1 5 ~ 900- 335 2~1 F IRE PROf IN 17S ~ 920- 173e839- 5 ~ 081 2o9 1 ~ &SS 3 '64 521 13 ~ I 055 F IRE PROT OVT PRI V 91 ~ 549= 83 ~ 732- 7 F 817 9e3 ro4 0 206- 206 057 F I RE PROT Out Pu UL 80 ~ 862- 75e 31 8 5 ~ 544 4 ~ 4 85- 4 ~ 170- 315 roe F IRE pRDT out 172 ~ 411 159 F 050 13 ~ 361 8 '

~ 050- 20 ~ 070- 20 ~ I PROT 351 ~ 331- 332e SS9 18 ~ 442 5oS

FHB50430-5 0 R I A N 0 0 U I' L I T I E S C 0 M H I 5 S I 0 N DAtE 08/29/80 FINANCIAL. HANAGEMENT SYSTEM PACE 14 COMPARAI'I VE VATER Sf AfEHENT OF OPERAI'IONS FOR YE*M ENDED JUL. I980 CURRENT MONTH 12 MONTHS ENDINO 1 H15 YEAii4 AST YEAR IN BE/OECRE PERCENT DESCBI Pf I ON THIS YEAR L.AST YEAR INCREIDECRE PFRCEI<T 4<<855- 5<<525- 670 12<<I 044 SVC FEES IN fEHP CONN 58 ~ 035 60<<635 2 <<600- 4<<3 4 ~ 855- 5 ~ 525 670 '12 I~ SVC FEES I N 58<< 035 60 ~ 635 2 '00 4 '

3 905-

~ 4 ~ 32 7- 422 9<<8 045 SVC FEES OVT TEHP CONN 46. 680- 48<< 326 I ~ 64 6- AC 3 ~ 905- 4<< 327- 422- 9~8 SVC FEES OUT 46 ~ 680 48<< 326- l<<646 3<<4 8 ~ fee 0 9 '52 I ~ 092 I I~I SVC FEES I 04 ~ 715- I 08<< 961 4 ~ 246- 3<<9 I ~ 5 lb L.br I- I 55 9<<3 058 OVC USE LN METR 16<< 556- 17<< 639 I ~ 083- bo I

0. 0 0 072 OVC USE IN LAKE N I CH 0 0 0 0 0 0 073 OVC VSE IN Of NR VELI 0 0 0 0 0 0 074 OUC USE IN FLSN HAIN 0 0 0 0 0 0 075 OVC VSF IN OVILD TANK 0 0 0 I ~ 516 I ~ 671 'L 55 9~3 OUC USE IN 16 ~ 556 I 7 ~ 639 I ~ 083- bel 0 0 0 059 OVC USE OVT HEY R 0 0 0 0 0 0 OVC USE OVT 0 0 0 t ~ St6 t ~ 67 I- 155 9<<3 OVC VSE 16<< 556 ~ 17<<639 I ~ 083- 6 ~ I 949<< rd0- 795<< 769- 154 ~ 011 L9 ~ 4 TOTAL 9 ~ 397 ~ 483- 8<<866 ~ 084- 531<<399 6<<0

FMRS0430 9 0 R L A N 0 0 u T t L I t I E S C 0 H M I 5 5 t 0 N DATE 08/29/80 F INANCt AL HANAGENENT SYStEN PACE 15 CDNPARAI't VE ELECTRIC ACTI VE SERVtCE StATLSflCS FOR YEAR ENDED JUL 1980 Acr IVE SERVICE INACTIVE SEH V ICE TOTAL SERVICE OESCAIPT ION CO NSUHP PER ACTI VE SERV ICE tntS YR LAS't YR THIS YR LAS I'R 'THIS YM LA Sf YR THIS

'81 YR LAST YR

'05 INCR/DECA PERCENT 25e ?ab 25 '14 576 67L 26e342 26 '85 00 RES I IN HONE 13

'89 13

'38 476 3e6 la. 140 I 8 ~ 376 I ~ 281 I ~ 246 20 '21 L9 ~ 622 02 RESL IN NVLt RES I 9 9 151 I e6 290 279 0 0 290 279 22 AESI tN SPEC A 18.928 19e 915 I ~ 047 5e2 19 19 0 0 L9 19 38 RES I IN SPEC 8 24 ~ 648 25e 779 I ~ 131 4 el 44 ~ 815 44 ~ 088 I ~ 857 I ~ 917 46 ~ 6 72 46 '05 RES I LN 11 ~ 925 1 I ~ 600 325 2 ~8 2J ~ 256 I 9e 869 491 606 20 ~ 747 20 '75 OL RES I OVT HONE 13e 187 13 ~ 370

'97 4 I?

85-3~I Ue 637 8 ~ 4o3 524 673 9e 1 61 9 '36 03 RES I OVT NVLT RES I 9e 812 9 ~9 225 217 0 0 225 217 23 AESL OVT SPEC A 20 F 462 21 121

~ 659 3el 2 2 0 0 2 2 39 RES I OVT SPEC 8 29e230 28 '05 325 I~ I 29e 120 28 ~ 551 1 ~ OL5 1 ~ 279 30 ~ 135 29 e83 0 RES I OVT 12e 661 12 '00 261 2el 0 0 748 779 748 179 98 RES I NO METR 0 0 0 73 ~ 935 72 '39 3 ~ 620 3 ~ 975 77 ~ 555 76 ~ 614 RESI 12e 215 I I ~ 914 30L 2~5 Se 883 5 ~ 733 320 357 6 '03 de 090 06 GSNO IN tN 21 ~ 084 084 21 ~ 327 21 ~ 327 243 243 1 ~ 1 el Se 883 5 ~ 733 320 357 6 ~ 203 6 ~ 090 CSNO 21 ~ 1 2 ~ 842 2 ~ 744 'L36 150 2 ~ 918 2 ~ 894 07 GSND OUT 20 ~ 263 20 ~ I 00 163 e8 0 0 0 0 0 0 GSND OUT FLAT 0 0 0 2~ 842 2 ~ 744 136 L50 2 ~ 978 2 e894 CSND Our 20 '63 20 ~ I 00 163 ~8 0 0 0 0 0 0 99 GSNO ND METR 0 0 0 Ue 725 8~ 477 456 501 9e I 81 8 F 984 GSNO 20 ~ 817 20 '30 113 e5 0 0 0 0 0 0 08 GSO IN OEM 0 0 0 054 I ~ 012 18 23 072 I ~ 035 10 CSD IN ENER 5860 345 59le333 7e988- t ~3 1~

le 054 I ~ 012 18 23 1 F 1 ~ 072 1 '35 GSO IN 586 ~ 345 594 '33 7 ~ 988 1 ~ 3 0 0 0 0 0 0 09 GSD OVT DEM 0 0 0 455 434 9 5 464 439 II GSO OUT ENER 0 0 0 455 434 9 5 4CI4 439 GSO OVT 0 0 0 I ~ 509 I ~ 446 27 28 I ~ 536 I ~ 414 CSD 543e 995 543 '20 275 ~ 1 0 0 0. I 0 0 14 GSO PRI IN OEN 0 0 0 24 23 0 I 24 24 lb GSD PR I IN ENER 0 0 0 23 0 1 24 24 GSO PRI IN 4 ~ 762 ~ 428 4 '44 '98 82 ~ 07 0- I ~7 0 0 0 0 0 15 GSD PR I OUT OEH 0 0 0 9 9 0 0 9 9 17 GSD PR I OUT ENER 0 0 0 9 9 0 0 9 9 CSO PRI OVT 51 ~ 73 8 9 '75 ~ 699 276 ~ 039 2 '

33 32 0 1 33 33 GSO Pk I 6 '04 '67 '31 '99 6 26 ~ 432- ol 4~ 025 3 ~ 796 4 ~ 025 3 ~ 796 PAL V STLT 985 983 ~2 5 Ll 0 5 Ll 30 PUBI STLT IN OVHD 1 ~ 180 I ~ 442 262- 18 ~ 2 0 0 0 0 32 PUUL STLT LN 'NVAY 0 0 0 311 46 5 0 371 465 33 PUUL STLT IN FLOR 2 ~ 044 1 ~ 918 126 6e6 981 12 ~ 214 0 I t ~ 987 I 2 ~ 214 34 PVOL ST'Lr I N MERC I ~ 256 1 ~ 252 ~ 3 1 1 ~

998 331 0 998 331 3L PVUL Sf LI'N SODH VAPR 827 834 7 ~8 7e 353 7 ~ 012 0 7 ~ 353  ? F 072 35 PVUL STLZ tN 'tR*F 332 333 1- o3 20 ~ 714 20 ~ 093 *0 20 ~ 714 20 '93 PUUL STLf IN 921 937 16 I e?

20 ~ 114 20 ~ 093 0 20 ~ 714 20 '93 PUUL SILT 921 937 16 I e?

L08.94L 106 '83 4 ~ 103 4 ~ SLL 113 '44 11 0 ~ 994 TOTAL 19e 583 19 '62 32L I~7

F<RS0430-3 0 R t. A N 0 0 U T I L I T I E S C 0 H H I S S I 0 N OA TE 08/29/80 F LNANC I AL HANAGFHENT 5'YSI'EH PAGE 16 CDHPARA TIVE EI.ECIHI C CDNSUHPTLUN FUH YEAR ENDED JUL. 1980 CURRENT HONTN 12 HON TNS ENDING THIS YEAR LAST YEAR INI RE/DECRE PERCENT DESCRIPTION TN15 YEAR I.AST YEAR INCRE/DfCRE PERCENI'oo CONSUHPTI ON EL.ECTRI C ~

071 '29 33 '43 F 427 2 ~ 128 ~ 502 6 ~ 3 00 RES I tN HONE 352o 512o 0 I I 335 ~ 587o I t3 16 '24 '98 5eo L de 152 ~ od 1 I r. I et.oer 991 ~ 594 5es 02 RES I IN HUL.T RES I 175 ~ 953e 989 169o?52 ~ 869 6 '01 '20 3el 557 ~ d5 3 503 ~ 337 54 ~ 516 LOe8 22 RESI IN SPEC A 5e 489 ~ 051 5 ~ 573 ~ 087 84 ~ 036- lo5 46 ~ d91 45ooss I ~ 203 2 ed 38 RESI IN SPEC 8 468o 312 489 '95 21 ~ 483 4~4 54 '29e334 Sl ~ 653 ~ 519 3 '75 F 815 6~ I RES I IN 534 ~ 423o 363 51 I ~ 402 ~ 864 23 '20 F 499 4e5 29 ~ dl le 353 2lod54 ~ 563 2 ~ lo2 ~ 790 7 ~ d 01 RES I OUT HONE 279 '73 ~ 332 265 '43o390 13 '29 '42 5o I 9o 21 I ~ 454 d ~ a 47 ~ 4 oo 563 '88 doa 03 . RESI- DUT HUL.T RES I 84 ~ 745 ~ 039 83o 760 ~ 192 984 od47 I~2 499e 234 45t.dte 4 le418 LO ~ 5 23 RESI DUT SPEC A 4 ~ 603 ~ 870 4 ~ 583o 267 20 F 603 e4

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FcCRS0430-3 0 R L A N 0 0 U 7 I L I T I E 5 C 0 M N I 5 5 I 0 N DATE 08/29/80 FINANCIAL KANAGECCENT SYSTECC PAGE 17 COMPARATI VE ELECTRIC CONSUHPTION FUR TEAR ENDED JUL 1980 CURRENT NONTH 12 NONTHS ENDING ISED THIS YEAR LAST YEAR INCRE/OECRE PERCENT DESCRIPI'ON THI 5 YEAR LAST YEAR I NCRE/DECRE PERCENT 500 0

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FNNS04 30 9 0 R L A N D 0 U T I t. I T I E S C 0 N H I 5 5 I 0 N DATE 08/29/80 F I NANC I AL MANACEMENT SYSTEM PACE ta COMPAkATIVE ccATER ACTIVE SERVICE SLATLSI'ICS FOR YEAk ENDED JUL- 1980 ACT lvf SfRVI CE INACT LVE SEM VICE TOTAL Sf RV ICE DESCRtr r toN CON SUNP Pfk ACTIVE SERV ICE IHLS YR L.AST THIS YR LAS T YR THIS YR LAST YR THI S YR LAST TR INCR/OfCR PERCENT SaoSo5 2ao 292 804 791 270669 27 ~ OS3 050 RES I IN HONE 123 125 2- le6 150 RES I IN NULT RES I 167 163 4' 2~5 1 ~ 947 ~ 1 ~ 949 46 37 1 o993 I o9cta c49 a47 L3 6 662 653 250 RESL LN APNT 1 ~ 977 973 o2 247 22 a 0 0 247 226 076 RESI IN SPEC A 187 196 9 4ob la la 0 0 16 16 078 RES I IN SPEC B 456 476 20 4e2 29 '24 29 ~ 130 863 834 30 ~ SCL7 29 ~ 964 RES I IN 167 169 2 I~2 27o3LO 2oo 58ct 730 787 28o040 27 '75 051 RES I our HOME I

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FHRS0430-3 0 R L A N 0 0 V T I L I T I E 5 C 0 H H I 5 5 I 0 N DATE 08/29/80 F I NANCLAL HANAGEHENI'YSTEH PAGE 19 COHPARATI VE WATER CONSUHPTION FOA YEAR ENDED JUL 1980 CURAENT HONTH 12 HONTHS ENDING LASf LNCRE/OECRE PERCENf DESCRIPI'ION THIS YEAR LAST YEAR INCRE/DECRE THIS YEAR YEAR ~

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FMRSJ&30-3 0 R L A N 0 0 U T I L I T I E S C 0 M M I S S I 0 N DATE 08/29/80 F I NANCI AL MANAGEMENT- SYSTEM PAGE 20 COMPARATIVE eeAIER CONSUMPTION FOM YEAR ENDED JUL 1980 CURRENT MONTH 12 MON THS ENO I NG I'H IS YEAR '- I AST YEAR INCRE/OECRE PER CEN I OESCRI PTtON THI S YEAR I AST YEAR INCRE/OECRE PERCENT 0 0 0 0&& SVC FEES IN TEMP CONN 0 0 0 0 0 0 SVC FEES IN 0 0 0 0 0 0 045 SVC FEES OUT TEMP CONN 0 0 0 0 0 0 SVC FEES OUT 0 0 0 SVC FEES 3 '&4 3 '61 517 13 ~ I 058 OUC USE IN METR 370 470 41 ~ 060 350 3 0590-I ~ 025 8~7 57 10 47 072 OUC USE IN LAKE HIGH I ~ 375 2 ~ 993 4 ~ 133 1 ~ I &0- 2706 073 OUC USE tN OTHR rELL 48 ~ 730 51 ~ 435 2 ~ 705- 503 7~ 031 I ~ 808 5 ~ 223 074 OUC USE IN FLSH MAtN 770 309 62.896 14 ~ &13 2209

&22 460 38 8 ~ 3 075 OUC USE IN OVHD TANK 4 ~ 453 7 '26 3 ~ 073- 4008 13 ~ 947 l0 ~ 372 3 '75 34 ' OUC USE IN 169 '37 163 '67 6 0070 307 0 0 0 059 OUC USE OUT METR 0 0 0 0 0 0 OUC USE OU'T 0 0 0 13 ~ 94 7 10 ~ 372 3 '75 34 ' OUC USE 169 '37 163 '67 6 '70 307 I ~ 685 '94 I ~ 3 76 ~ 097 309e 797 22 ~ 5 TOTAL 150 731 ~ 439 15 ~ 0170 042 714 0397 4~8

FHR50430-4 0 R L A N 0 0 U T t L I 1 I E 5 C 0 H H.l 5 5 I ON DATE 08/29/80 F INANCI AL HANACEHENt SYStEM PAGE 21 ELfCTRIC REVENUE/CONSUMPTION FOR YEAR ENDED aVL 1980 CURRENT MONTH 12 MONTHS ENDING CONSiJMPT ION AMOUNT CTS/KVH DESCRIPTION CONSUMPTION AMOUNT CTS/KWH REVENUE ELECTRIC 3o e 07 I ~ 929 1 8 ~ 152 o 66 1 le660 ~ 291-856 '91 4 '0 4 ~ 72 00 02 RES L RES I LN IN HOME HVLT RES I 352e512e01 t 17Se 953 ~ 989 15e 749e Se071 ~

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FHRS0430 0RL AN BOUT I L I T I F I NANC I AC H ANAGEHENT SYS I'EH E5 COHH I SS I ON DATE PAGE 08/29/80 22 ELECTRIC REVENUE/CONSVHPT I ON FOR YEAR ENDED JVL 1980 CVRRENT HONTtt 12 HONTNS ENDING CONSUNPf ION AHOVNT CTS/KVN DESCRIPf ION CONSUHPT ION AHOVNT CTS/KLJN 500 0

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~

bre949 6072 Be24 204 '02 8 ~ 0 46- 3o 94 35 PUBL STLT IN T RAF 2e 43re 612 89e28L- 3e66 I ~ 595 '10 I os. res- 6o 63 PUBL STLT IN 19o 084e 512 I ~ 209 ~ 99L- 6e34 1 ~ 595 ~ 110 I Ose 785 6e 63 PUBL STLT 19e 084 ~ 5L2 I ~ 209e991 6e34 0 34 40 SVC FEES IN CONN 0 287 0 6 ~ I 2S- 42 SVC FEES IN CUT ON 0 74e375-0 9e 500- 46 SVC FEES IN RECO CNG 0 I 17e 071-0 15 ~ 659- 5VC FEES IN 0 191 ~ 733-0 65- 41 SVC FEES OUI'EHP OUT TEHP,CONN 0 327-0 4 ~ 680 43 SVC FEES Out CUT ON 0 56 ~ 1 68 0 eeb75 47 SVC FEES RECO CHG 0 85e434-929-OUI'VC 0 11 ~ 420- FEES 0 141 ~

0 2r.079- SVC FEES 333 '62 I ~ 200 59 4 ~ 92 04 OUC USE IN RESI 14e 491 669 4o62 531 ~ 181 26 ~ 387 4 ~ 97 012 OVC USE IN GSNO 2o 736e238 134 'L2 4o91 0 9 ~ 048 26 OVC VSE IN GJS D DEH 0 99 'L6 2 ~ 106 ~ 280 80 '48 3 ~ 84 28 OVC USE IN GSD ENER 20 ~ 463e 680 736 F 764 3.eo 2 '38 'dl ltd F 442 4 ~ 41 OUC USE IN 23 ~ 2 14 ~ 409 971 ~ 561 4eL9 0 0 005 OUC USE OUT RESI 0 0 3o 560 204- 5 ~ 73 013 OUC VSE OVT GSND 10e513 566 5038 0 0 027 OVC USE OU T GSD OEH 0 0 0 0 029 OVC USE OUT GSD ENER 0 0 3 ~ 560 204 5o 73 OUC USE OUT 10e 513 566- 5038 2 '42 '21 1 16 ~ 646 4 ~ 41 OVC USE 23e224e922 972 '27 40L9 0 0 18 FOR SALE OUT OEH 0 503 ~ 712-0 94 ~ 272- 018 LNT R CHG CLAS 8 DEH 0 L 90%357 0 41 '00 018 INtR CHG CLAS 0 DEH 0 260 ~ 74 0-0 0 19 FOR SALE OUT ENER 337o 129o 000 13 ~ 210 ~ 557- 3o92 101 ~ 000 5 ~ I 71- 5o 12 019 I O'IR CHG CI AS A ENER 1 ~ 03 re 000 62 ~ 030- 5 ~ 98 30 '91 000F I ~ 668 '48 F 49 019 INTR CNG CLAS 8 ENER 64 ~ 784 ~ 000 3o062 ~ 582- 4o73 42e355o000 2 '52 '67 F 08 019 14 I ~ 4S4 ~ 000 be448 ~ 544- 4.se 23 '19 '00 9aorOCO F 000 1 ~ 029 ~ 426 4 ~ 991 ~ 884 4 '0 S. Ld 019 INTR CHG CI AS C INtR CNG CL AS 0 INTR CNG CLAS ENER ENER 65o 616e 000 610o 020 ~ 000 2e 746e4 74-26 ~ 484 ~ 996-4 '9 4e34 9O ~ redo 400 4 '91 '84 so 16 INfR CHG 610o 020e 000 26 ~ 484 ~ 996- 4 o34 3LB ~ BLT ~ 210 15 '03 '10 4 ~ 77 TOTAL. 2e 766o 678e287 122 ~ 568o769- 4 ~ 43

Fe>>Ran&30-& 0 R L A N 0 0 U T t L I f I E S C 0 H N I 5 5 I 0 N OATE 08/29/80 FINANCIAL HANAGENENT SYSTEH PAGE 23

'NAfER REVENUE/CONSVHPT ION FOR YEAR ENOEO JUL 1980 CURRENT HONTN 12 NONTHS ENOLNG CVNSUHPT ION AHOVNT CTS/N GAL OESCRI Pr ION CONSUHP'TION ANOUNT CTS/N GAL REVENUE vATER 375 ~ 174 207 ~ OLO- 55 ~ 18 050 RES I IN NONE 3>> 299>> 070 I ~ 953 ~ 274- 59 '1 29>> 017 I c ~ 026 55>> 23 L50 RES I tN NULf RES I 325 '06 I at ~ 405- 55>>71 122>> 55& 50 ~ 0 79- 40 ~ 86 250 RES I LN APNT I ~ 283>>054 5280307- 41018 899- 076 I IN 46>> 163 8 252- 17 ~ SS 5>> 972 887 30 15>> 05 3>> 38 ora RES RESI LN IN SPEC SPEC 7~ 297 4 ~ 961 ~ 190 2 '71 '00

~

362 4 '6 53 ~ 85 274 ~ 014 I 533 ~ c>>04 355 '39 272 ~ 201-SL ~

76 ~ 54 36 051 RES RESI OVT NOME 2 ~ 995 ~ 238 I 18>>558 2 '81 '66 87 ~ 699-82 '4 73>>97 1 1 ~ 825 8 ~ 500- 7L ~ 88 LSL RES I OUT HVLT RES I 73 '27 39 'S9 54 ~ 47 251 RES I OUT f

APHT 748 'SO

'30 410 ~ 658- 5&>>84 4 ~ C>>&6 I ~ 090- 23 ~ 46 07 I RESI OU SPEC 33 9>>423- 2S ~ 10 33 5- 15>> 15 079 RESI Ouf SPEC 336 62 lao&5 445 ~ 370 32L ~ 685- 72 ~ 23 RES I our 3>> 896 ~ 542 2>>989>>108- 76 ~ 71 978 '7& 595 '29 60>> 85 RES I So 857>> 732 5>>660>>708- 63091 123>> &7ce 55 ~ 6 69- 45 ~ 08 550 CONH IN BUS I I ~ 264 ~ 804 SSS ~ 250- 46 ~ 51 7'98 30 ~ 621- 380 7L 350 CONH LN HOTL 804 '24 312 ~ 072- 38 ~ 81 56>> 653 25 ~ 414 44 ~ 86 450 COHH IN OFFC 567>>289 260 ~ 849- &5 ~ 98 259 '27 I I I ~ 704- 43 ~ 09 CONN IN 2 ~ 636 ~ I 17 I ~ 16L ~ L7L- 44 ~ 05 70 ~ 219 4& ~ 947- 6& ~ 01 551 CONN OVT OVSL 7 IS>> 277 472 563-

~ 65>>79 53>> 32& 27 ~ 745- 52 ~ 03 351 COHH OUT NOTL 619>>078 32 0 ~ 907- 51 084 21 ~ 519 13 ~ 061- 60 ~ 70 451 COHH OU OFFC 214 ~ 079 l32 ~ 989- 62 ~ 12 1&5 ~ 062 as. 753- 59 'L. COHH I'VT I ~ 551 ~ 434 926 '59 59>>72

&04>>289 197 ~ 457- 48 ~ 84 COHM 4>>187>>551 2 ~ 087 ~ 630- 49>> 85 113>> 193 43 '75 275-3S>> 23 650 I ND LN Ik IND I ~ 128 ~ 343 1 ~ 128>> 343 431 ~

43 I ~ 592 592- 38025 38 '5 113>> 193 43 ~ 38 ~ 23 LNO 63>> 649 32 ~ 827- 51 ~ 58 651 INO OUT I ND 67L ~ &59 345>>708- 51049 63 ~ 6&9 32 ~ 827- 51 ~ SS INO OUT 671 ~ 459 345>> 708 51>>49 176 F 842 76 ~ 1 02- 43 F 03 I ~ 799>> 802 777 ~ 300- 43>>19 39 '54 17 ~ &4&- 43 ~ 99 052 I RRI IN I RRI 321 ~ 468 148>>885-148>>8SS-46031 46 ~ 31 39 ~ 654 17 ~ 444 43 ~ 99 IN 321 ~ 468 72>> lda 32 ~ 722- 45 ~ 33 053 LRRI IRR I 'ur I RRI 395,549 250 ~ 358-250 '58 63 63

'9

'9 72 ~ 188 32 ~ 7 22 45 ~ 33 IRRI OUT 395>>549 11 1 ~ 842 50 ~ 1 66- 44 ~ 85 IRRI 717 ~ 017 399 ~ 243- 55068 6 ~ 610- 054 FIRE PROf IN PRIV 72 '09 8 ~ 955- 056 F IRE PRO'I IN PU BL I 06 ~ SIL-l 5 565-

~ F tRE PROf IN 178 ~ 920-4 ~ &SS 055 F I RE PROT OUT PR IV 91 ~ 549-0 057 FIRE PROT OUT PU OL 80 ~ 862-4 ~ 4 85- F IRE PROT Ou'f 172 ~ 411-20 ~ 0SD F I RE PROT 351 >>331-

FMRS0430-4 0 R L A N 0 0 U T I L I T I E S C 0 H H I S S I 0 N DATE 08/29/80 F INANC I AL HANAGEHEN'I SYSTEM PAGE 24 WAtFR REVENUE/CONSUMPtlON FOR YEAH ENDED duL 1980 CUR REM T HON TH 12 MONTHS END ING CONS JMPt ION AMOUNT C TS/H GAL DESCRIPTION CONSUMPTION AMOUNT CTS/H GAL 0 4 ~ 855- 044 SvC FEES IN I'EMP CONN 0 58 ~ 035-0 4 ~ 855- SVC FEES LN 0 58 ~ 035-0 3 ~ 905- 045 SVC FEES OUT TEMP CONN 0 40+680 0 3 ~ 905- SVC FEES OUT 0 46+680 0 8 ~ 760- SVC FEES 0 104 ~ 715-3 ~ 444 11516- 44 ~ 02 058 OUC USE IN MF tR 37m 470 16 ~ 556- 44 ~ IS 57 0 072 OVC USE IN LAKE HLGH I ~ 375 0 2o 993 0 073 OUC VSE IN OTNR WELL 48e730 0 7 ~ 031 0 074 OUC USE IN FL5H HAIN 77 ~ 309 0 422 0 075 OUC VSE IN OV HD 't*NK 4 ~ 453 0 I 3+ 947 I ~ 516 10 ~ 87 OUC USE LN 169m 337 16 '56 9 ~ 78 0 0 059 OUC USE OUT METR 0 0 0 0 OUC USE OUT 0 0 13 ~ 947 I ~ 5 16- 10 ~ 87 OUC USE 169 s 337 16 ~ 556- 9078 I ~ 685 '94 949 ~ 780- 56 ~ 34 TOTAL 15o 731 ~ 439 9o 397 ~ 483 59+74

FHRS0430 8 0 R L A N 0 0 U 7 I L I T I E S C 0 H H I S S I 0 N DA TE 08/29/80 F I NANCI AL MANACFMFNT SYSTEM PACE 25 COMPARATIVE ELECTRIC GFNERAT ION STAf LST I CS FOR YEARS ENDINC JUL 1980 12 MONfHS ENDING I'HIS YEAR LAST YEAR INCR/DECR PER PER PER OESCRL PT I ON KWH KWH CEN KWH KWH GEN KWH GEN PRCNT GENERATION 2 '42 '92 000F 3 '73 '78%000 1208 PLANf USE 107 '15%000 113 113 000

~ ~ 504 DELIVERED 2 '35 '77 000F 3 '60 '65%000 1300 tNADVERTENT 10 F 000 261 000

~ L03 ~ 8-PURCHASFO 26 '36%450 4 '43 250

~

AVAILA8LE 2 '61 '03 'SO 3 '64 '69%250 1203 SOLD 2 '66 '78 '87 3 '5405170274 1203 UNO I LLEO 94 '25 '63 109 '51 '76 L309-OPERATIONS 500 SUPV ANO ENGR 00003 ~ 0002 %0001 5000 505 OPNS EXP ~ 0007 00005 0 0002 40e0 506 MISC EXP 00003 00002 0 000 L 5000 525 RENT F 0000 0 0000 00000 TOIL OPNS ~ OOL3 ~ 0009 ~ 0004 44 ~ 4 FUELS 501 FOSS FUEL 00263 ~ 01 86 .Oorr 4104 518 NUKE FUEL F 0000 F 0000 ~ 0000 TOIL FUEL 00263 ~ 01 86 00077 41 ~4 MAINTENANCE MNfC 5'fRUCI'12

'll

~ 0001 0 0001 ~ 0000 HHTC 8LRS ~ 0003 ~ 0005 ~ 0002 40 ~ 0 SL3 HN'fC TUR8 00004 0 0003 0000L 33%3 S14 MNTC HLSC PLNT ~ 0002 ~ 000 1 ~ 0001 526 HNTC NUKE PLNT 00001 ~ 0000 ~ 0001 553 HNfC GILS 'TURD 00000 ~ 0000 %0000 TOIL MNTC 0001 I ~ OOL 0 ~ OOOL 10 ~ 0 TOTL ELEC GENR ~ 0287 ~ 02 05 ~ 0082 4000 55S PURCH POWR 00004 ~ 0000 ~ 0004 556 LOAD CONT ~ 0000 0 0000 00000 565 XHSN SVCS 00000 0 0000 F 0000 TOTL POWR SUPP EXP ~ 029 I ~ 0205 ~ 0086 42 '

FWRSJ430-5 0 R L A N 0 0 U T I L I T I E S C 0 M H I 5 5 I 0 N DATE 08/29/$ 0 F I NANCLAL HANAGEHEN'I SYS IEH PAGE 26 COHPARATIVE ELECtRLC StATEHENT OF LPERAt LOHS FOR YEAH ENOEO JUL 1980 CURRENt HONTN 12 HONTNS ENOING fntS YEAR LAS'I YEAR INCRE/OECRE PERCENt OESCRIPTION TH I 5 YEAR L*St'EAR INCRE/OECRE PERCENT 4

ELEC GENR 74 '34 53 '57 20 ~ 677 3806 500 SUPV ANO ENGR 798o 456 667e442 131 ~ 014 19o6 164 ~ 148 138 ~ 358 25 '90 L 806 505 OPNS EXP I ~ 942 ~ 094 I ~ 610 '62 331 '32 20 '

olo665 148o 157 8bo492 58 ' 506 HISC EXP 899o 191 S17 ~ 604 Sl ~ 587 10 ~ 0 L ~ 415 I ~ 437 22- I ~5 525 RENT 16 ~ 341 17e245 904- Se2 301 ~ 462 341 ~ 509 40 ~ 047 11 ~ 7 T OTL OPNS 3 '56 '82 3~ I 12 ~ 953 543 ~ 129 17 ~ 4 10 '23 '86 8 o 532o 670 I ~ 790 ~ 816 21 ' 50L FOSS FUEL 77 '82e74S 62 '27o660 14 '55 '88 2302 124 72 72 ' 5 I8 NUKE FUEL 127 '26 120 F 806 6. 720 5 '

10 '23 'LO S 532 742 I ~ 790 ~ $ 6S 21 ' TOTL FUEL 77 ~ 410 ~ 274 62o 848o 466 t4 ~ 56L ~ 808 23o2 2be77$ 26 '93 485 loS 511 MNTC STRUCT 321 '82 32$ o990 7 ~ 108 2o2 24 ~ 457 45 ~ 966 21 ~ 509- 46 ' 5 I2 MNTC BLAS 77$ o 027 I ~ SOSo 267 I ~ 030 ~ 24 0- 57eo 132 '82 76 '95 55 ~ 387 72 ' 513 HNTC TURB I ~ 260 ~ 789 913o 469 347o320 38eo 6$ ~ 727 41 '06 27 ~ 021 64 ~ 8 514 HNTC.HISC PLNT 593 ~ 355 452o 711 140o644 31 ~ I 3'82 42 '45. 3 ~ 463- 8~2 526 HNTC NUKE PLNT 404 '25 L37 ~ 926 266 '99 436 4 'SS 4 ~ I 52- 90 ~ 5 553 HNTC GAS TURS 84 ~ 493 100 ~ 014 15 ~ 521 15e5 291 ~ 2o2 237 '93 53 '69 22 ' TOTL HN'IC 3 '43o271 3 ~ 741 ~ 377 298 F 106 Se0 lbo9 Loo334 9 ~ 111 ~ 744 I~ 804 '90 19 ' TOTL ELEC GENR 84 ~ 509o 627 69o 702 ~ 796 14 '06 ~ 831 21 ~ 2 13 ~ 255 o ~ 791 6o464 95 ~ 2 555 PRCN PovR I 143o 181

~ 15L ~ 298 991 'S3 27 37 ~ 5 556 LOAO CON'I I ~ 356 780 576 73 '

I I ~ 585 9 ~ 795 I ~ 790 LS ~ 3 565 XHSN SVCS 144 ~ 625 130 ~ 100 14 '25 ll 2 ~

I Jo9+L ~ 273 9 ~ 128o 402 I ~ 812 ~ $ 71 19 ' tOTL POVR SUPP EXP 85 ~ 798 '89 69e984 ~ 974 15 '13 ~ 815 22o6

l l

30-5 L A N 0 0 U t I L I T I E 5 C 0 H H I 5 S I 0 N OA TE 08/29/80 FMRSJ F 0 R PAGE 27 F I NANC I At HANAGEHEN'I SYS f EH COMPARAT I VE ELEC IRI C St AfEMENT OF GPERAI'ONS FOR YEAR ENDEO JUL 1980 CURRENT MONTH 12 HON THS ENO I NG tNIS YEAR LASf YEAH INCRE/OECRE PERCENT DESCRIPTION tHIS YEAR LAST YEAR INCRE/OECRE PERCENT ELEC GENR 6 ENVR 0IR 9o 968 12 ~ 810 2o 842- 22 ~ 2 500 SUPV ANO ENGR 126o 052 I 5bo 675 30 '23 19o5 I ~ 123 2 ~ 076 953- 45 ' 506 MISC EXP 45 '57 30 ~ 994 14 o563 47o0 11 ~ 091 14 ~ 886 3 '95- 25o5 TOTL OPNS 171 ~ 609 187o669 16 ~ 060- 8~6 11 ~ 091 14 ~ 886 3 '95- 25o5 TOTL ELEC GENR I 71 ~ 609 187o 669 16 ~ 060 8.6

FHRS04JO-8 0RI AN OOU t I L I T I ESC0HH F I NANCI AL HANACEHEN'f SYS TEN I SS-I ON BATE PAGE 08/29/80 28 COHPARAtlVE ELECTRIC GENERATION StAI 1ST ICS FOR YEARS ENOINC JUL 1980 12 HONfHS ENOING THIS YEAR LAST YEAR INCR/OECR PER PER PER DESCRIPT ION KVH KVH GEN KvH KVH CEN KVH GEN PRCNI'AKE HIGHLANO CENERAT ION 218 ~ 601 ~ 000 145e482 F 000 50e3 PLANT VSE 18 '43 F 000 13 '900 F 000

'82 36e3 OELIVEREO 199 '58 F 000 131 F 000 51 ~7 OPERATIONS 500 SVPV ANO ENCR ~ 0006 ~ 0009 ~ 0003 33 '

505 OPNS EXP ~ 0031 ~ 0040 ~ 0009- 22e5 506 HISC EXP ~ 0002 e 0002 ~ 0000 TOTL OPNS ~ 0039 ~ 0051 ~ 0012- 23e5 FUELS 501 FOSS FUEL ~ 0280 ~ 0194 .0086 44.3 TOTL FUEL e02SO e 0194 ~ 00S6 44e3 HAINTENANCE 511 HNTC STRUCf F 0004 e 0008 e0004 50 '

e0003 0003 F 0000 512 HNTC BLRS ~

HNTC I'VRB ~ 0002 001 2 F 0010 83 e3 513 ~

~ 0006 e 0004 ~ 0002 50 ~ 0 514 HNTC HISC PLNt 553 HNTC GAS TURB e0004 ~ 0007 ~ 0003 42e9 TOTL HNTC ~ 0019 e 0034 ~ 0015 44 ~ I TOtL ELEC GENR ~ 0338 e 0279 ~ 0059 21 el

FVRS0430-5 0 R L A N O 0 V T I L I T I E 5 C 0 M M I S 5 I 0 N OA TE 08/29/80 FINANCIAL HANAGFHFNT SYSWFM PAGE 29 COMPARATIVE ELECTRIC SIATEMENT OF GPERATIONS FOR YEAR ENOEO Jul l980 CURRENT MONTH 12 MONTHS ENO ING THIS YEAR LAST YEAR LNCRE/OECRE PERCFNT OESCRIPf ION THIS YEAR LAST YEAR I NCRE/OECRE PERCENT LAKE HIGHLAND PLANT I L ~ Sl8 10 ~ 153 I ~ 365 13 ~ 4 500 SUPV AMO ENGR 141 ~ 540 124 '50 16 ~ 790 1305 5'50 49o 376 'So 374 LO ~ 9 505 OPNS EXP 6?5o 575 584 ~ 892 900683 15 ~ 5 do706 5o 067 3 '39 7' 506 MISC EXP 53 ~ 513 34 ~ 215 19o298 56 ~ 4 7'74 64 '96 10 ~ 378 Lbol T OWL OPNS 870 ~ b28 743o 857 126 ~ 771 L 700 I ~ LObol10 684 '93 421 ~ 817 61 ' SOL FOSS FUEL 6 ~ 125o 628 2 '23o338 3o302 ~ 290 I ~ 106 '10 684 '93 421 ~ 817 61 ~ 6 YOWL FUEL 6o 125o 628 2o823o 338 3 '02 '90 7 '87 7o 920 133- IF7 ~ 511 HNTC STRUCT Bbo 637 I 13o 366 26 ~ 729 23o6 I ~ 966 ~ 4 ~ 538 2 ~ 572- 56 ~ 7 512 HNTC BLRS 750 280 39o 124 36 ~ 156 92 '

2 ~ 609 2o 969 360 12 ~ I 513 MNfC fURB 37o 482 I 73o 067 I 35 ~ 585 78.3 17 ~ dl I 12o 180 So 631 46 ~ 2 514 HNTC MISC PLNW 128 '38 63o240 64 ~ 798 436 4 ~ 5d8 4 ~ I 52- 90 ~ 5 553 HNfC GAS TURB 8'93 100 ~ 014 150521- 15o5 30 '09 32 ~ 195 I ~ 58b 4 ' WOWL. MNTC 41 L~ 930 488 811 ?bo88l- 15o7 I ~ 211ob93 781.084 430ob09 55 ~ I TOTL. ELEC GENR 7 ~ 408o 186 4 ~ 056o 006 3 ~ 352 ~ I 80 82 '

0 L 0 0 U T I L I T I E S C 0 N N I S 5 I 0 N DATE 08/29/80 FwNS04JO-8 R A N PAGE 30 FINANCIAL NANAGENENT SYSTEN hl COHPARATI VE ELECTRIC GFNERATION STAT 1ST ICS FOR YEARS ENDING JUL 1980 12 NONTHS ENDING THIS YEAR LAST YEAR INCR/OECR PER PER PER DESCRIPTION KVH KWH GEN KWH KWH GEN KVH GEN PRCNT INDIAN RIVER GENERATION 2 '70 '41 F 000 3 ~ I 72 ~ 507m 000 96+439 F 000 15 8 ll ~

o4 PLANT USE 85 487e000

~

DELIVERED 2 '84 '54 000 F 3 F 07'68 F 000 16 0

~

OPERATIONS 500 SUPV ANO ENGR ~ 0002 00001 00001 505 OPNS EXP ~ 0004 ~ 0003 +0001 33+3 506 NISC EXP ~ 0003 e 0002 ~ 0001 50~0 TOTL OPNS ~ 0009 ~ 0006 ~ 0003 5' FUELS 501 FOSS FUEL ~ 0266 0 0189 ~ 0077 4007 TOTL FUEL ~ 0266 ~0189 .oorr 40 '

NAINTENANCE Sll NNTC STRUCT ~ 0001 0 0001 40000 512 NNTC BLRS ~ 0003 ~ 0006 a0003- 5000 513 NNTC TURB ~ 0005 ~ 0002 ~ 0003 514 NNTC NISC PLNT ~ 0002 e 0001 ~ 0001 TOTL NNTC ~ 0011 ~ 001 0 ~0001 1000 I'OTL ELEC GENR ~ 0286 ~ 0205 ~ 0081 39o 5

FMRS0430-5 ORLANDO UZ Il I T I ES COHH F INANCI AL MANAGEHFNT SYSTEM I SS ION DATE PAGE 08/29/80 31 COMPARAT I VE ELECT RI C STATEMENT OF OPERAI' ONS FOR YEAR ENOEO JUL 1980 CURRENT MONTLL 12 HONTHS ENO I NG OESCR I PT I ON THIS YEAR LAST YEAR INCRE/OECRE PERCENT THIS TEAR LAST YEAR INC RE/OECRE PERCENT INDIAN RIVER PLANT 40o428 27 ~ 012 13 ~ 416 49 ~ 7 SOO SUPV ANO ENGR 450 '66 35lo741 98 ~ 725 2801 cS4 F 847 80 ~ 479 4 '68 5 ' 505 OPNS EXP I ~ 148 ~ 462 961 ~ 273 I 87 ~ 189 19 '

998 506 MISC EXP 702o 913 674 ~ 846 28 '67 4' 39 ~ 915 141 ~ 9L3 101 ~ 71 ~ 9 249o 404 ~ 214 33 ~ 8 T OTL OPNS 2 ~ 301 ~ 841 I ~ 987o 860 313o9SI ISoS I OSo 190 84 ISED 9o217 ~ 376 r.848.3rr I ~ 368o 999 L 704 50L FOSS FUEL 71 ~ 157o 120 59 '04 '22 I I ~ 252 ~ 798 18 ~ 8 9 ~ 217o376 7o848o377 I ~ 368 ~ 999 lr 4~ TOTL FUEL 71 ~ LS'ro 120 59o904 ~ 322 I I ~ 252 ~ 798 1808 18 ~ 991 180 373 618 3' 511 HNTC STRUCT 235o 245 215e624 19o621 9~ I 22 ~ 491 41 ~ 42S 937 45 ' 512 HNTC BLRS 702 ~ 747 I o 769o 143 I ~ 066 ~ 396- 6003 129 ~ 4 73 73o 726 55o 747 75 F 6 SL 3 MNTC TURB I ~ 223o 307 740o402 482 '05 6502 50 ~ 916 29 ~ 526 21 ~ 390 72o4 514 HNTC HLSC PLNT 465o 317 3S9 ~ 471 750846 19 '

221 ~ 871 163o 053 58o818 36 ~ I I OTL HNTC 2 ~ 626o 616 3~ I 14e 640 488 '24 L507 9 ~ 604 '37 8 '60 '34 I ~ 343o 603 16o3 TOTL ELEC GENR 76 F 085 '77 65 '06o822 11 F 07'55 L7 ~ 0

FNRS0430-CS D R L A N 0 0 U 1 I L I I I E 5 C 0 N N I 5 5 I 0 N DATE 08/29/80 F INANCI AL HANA(sENENT SYS'IEN PAGE 32 CONPARATIVE ELECTRIC CENERAI'ION STATISTICS FOR YEARS ENDING JUL 1980 12 MONTHS LA 5'I YEAR ENDING'HIS YEAR I NC R/DEC R PER PER PER DESCR I PT I ON KWH KWH GEN KWH KWH GEN KWH GEN PRCNT CRYSTAL RIVER GENERATION 53 '50 F 000 55 ~ 189 ~ 000

'74 3~5 PLANT USE 2 '85 F 000 2 F 000 608 DELIVERED 50 '65 F 000 52 '150000 303 OPERAI'I ONS 500 SUPV AND ENGR 00015 0 0006 ~ 0009 505 OPNS EXP 00022 ~ 0012 %0010 830 3 506 RISC EXP ~ 0018 00014 ~ 0004 28 ~ 6 525 RENT ~ 0003 ~ 0003 F 0000 TOTL OPNS ~ 0058 ~ 0035 00023 6507 F UELS 518 NUKE FUEL 00024 ~ 0022 00002 901 TOTL FUEL 00024 0 0022 ~ 0002 9~I NAINTENANCE 526 NNTC NUKE PLNT 00076 00025 ~ 0051 TOTL NNTC .OO76 ~ 0025 ~ 0051 TOTL ELEC GENR ~ 0 158 ~ 0082 F 0076 9207

F44RSs)430 5 0 R L A N 0 0 U T I L I T I E S C 0 H N I 5 5 I 0 N F INANCIAl 44A44ACFHENf SYS fE44 C044PARATL VE ELEC fRt C Sf ATEJ4ENI OF toPERAT tONS FOR YEAR ENDED JUL 1980 OATh PACt '3 08/29/SO CU44REHT 440NT44 I2 440N THS END INC f4415, YEAR LAST YEAR INCRE/0ECRE PERCENT DESCRIPTION THIS YEAR LASI YEAR INCRE/DECRE PERCENT CRYSI'AL RIVER PLANT 12 '20 3 ~ 582 8 ~ 73S 500 SUPV AND ENGR 80 '98 ~ 276 46 '22 24 ~ SSL 8 ~ 503 16o 04S 505 OPNS EXP 118 F 057 64 ~ 497 53 '60 8300 11 ~ 921 899- 12 '20 S06 44ISC EXP 97 ~ 208 77 '49 19 '59 2504 I ~ 415 lo437 22- I~5 525 RENT 16o 341 LTo245 904 So2 50 '07 12 ~ 623 37 F 584 TOTL OPNS 3120 004 I 93o 567 118 ~ 437 6102 124 72 52 72 ~ 2 518 NUKE FUEL I 27 ~ 526 120o 806 60720 506 124 72 52 72o2 T Of L FUEl 127 ~ 526 120 ~ 806 6 ~ 720 So6 3S ~ 782 42 ~ 245 3 ~ 463 8~2 526 NNTC NUKE PENT 2SS'4 404 ~ 725 137 926 266 o 799 38 '82 42o 245 3 ~ 463 So2 TOTL 44NTC 404 ~ 725 137o926 2660799 89o I 13 54 ~ 940 34 F 173 62 ~ 2 TOTL ELEC QENR 844 ~ 452 '99 391 '56 86o 7

FHRS0430-5 0 R L A N D 0 U t I L I I I E 5 C 0 H H I S S I 0 N DATE 08/29/80 F 'I NANC I AL MANAGEHENt SYStEH PAGE 34 CON>ARATIVE ELECTRIC STatEHENt OF Vi ERAIIONS FOR YEAR ENDED JVL 1980 CURRENT HONTN 12 HONTHS ENDING LAST YEAR INCRE/OECRE PERCENT DESCRIPTION THIS YEAR LAST YEAR INCRE/OECRE PERCENT THIS YEAR ELEC XHSN Ll ~ 569 10 ~ 471 I ~ 098 10 ~ 5 560 SVPV AND ENGR 160 ~ 448 I 01 ~ 735 584713 5747 25 '61 21 o 607 3 ~ 754 1704 561 LOAD DISP 311 ~ 053 255 ~ Stl 5'82 21 46 364930 32 ~ 07S 4 ~ 852 ISo I ZOTL OPNS 471 ~ 50 L 3574 606 I 13 ~ 895 3L ~ 8 14 ~ 148 So 640 5 ~ 508 63 ~ 8 569 HNTC STRUCT 461 ~ 154 2l I ~ Ol I 672 ~ 165 36.008 27 'L3 8 '95 29 ~ 9 570 HNTC STAT EOPT 463r 743 3724340 91 '03 2445 11 ~ 7L9 9 '37 2 ~ 482 26 ~ 9 573 HNtC HISC PLNT 145 '27 1064 476 39 ~ 451 3741 dl ~ S75 45 '90 lbr 285 35 ' TOIL HNTC I ~ 070 ~ 824 267 ~ 805 803 ~ 019 98 F 805 774668 21 ~ 1 37 27 ' TOTL ELEC XHSN I ~ 542 ~ 325 625 '11 9164914

FMRS0433-5 0 R L A N 0 0 V T I L I T I E S C 0 M N I S 5 I 0 N DATE 08/29/80 FINANCIAL MANAGEMENT SYSTEM PACE 35 COMPARA f t VE ELEC'fMt C Sf AfEMENI OF OPEMAI IONS FOR YEAR ENDED JVL l980 CVRRENT MONlN 12 MONTHS END INC fHIS YEA>>L LAST YEAR LNCREIDECRE PERCENT DESCRIPT I ON THIS YEAR LAST YEAR INCRE/DECRE PERCENT ELEC DIST 44 '03 50 ~ 853 5 ~ 950 LL ~ 7 580 SUPV ANO ENGR 654 ~ 165 665>>929 IL ~ 764- l>>8 32 '99 28>>656 3 '43 13 ~ 8 583 OVNO LINE EXP 3SS>> 412 359>>663 I >>251 ~3 30>>680 23>> 2t 7 7~ 463 32 ' 584 VCRD LINE EXP 240>> 912 283>> I 01 42 ~ 1 89- 14>>9 13 F 777 I 4 ~ 789 I ~ 012 6~8 58S H LSC EXP 198>> 116 135 ~ 053 e3.0e3 46>>7 121 '59 117 F 515 4 ~ 444 3>>8 TOTL OPNS I ~ 4S I ~ 605 I ~ 443 ~ 746 7 ~ 859 >>5 3 ed 78 3 '19 559 16 ~ 8 590 SVPV AND ENGR 47 '87 42>> 043 5 '44 t2>>9 45>>SciS 37 '69 8~ 099 21 ' 593 HNTC OVND LINE 566>> 004 SOD 331 58>>673 11>>6 15 '83 10 '94 4 ~ 689 43>>4 594 MNTC UGRD LINE 206>> 585 I 53>> 786 52 '99 34 '

ST 5L3 4 ~ 526 987 2L ~ 8 595 HNTC LINC XFHR 84 ~ 153 58>> 189 25 '64 44 F 6 9>>ea3 5>> 732 3 '31 68 ' 596 HNTC ST LITE 132>> 829 99>>398 33 >>431 33>>6 I 7 ~ 154 Lb>>Ill I ~ 043 605 597 NNfC HTHS 2 16 ~ 733 210 '86 6 ~ 247 3>>0 41 ~ 87L 40 ~ 743 I ~ t28 2 ' 598 HNTC Hl SC PLNI'OlL 502 ~ I 14 408>> 001 94 ~ I t3 23 ~ I 139 ~ 130 L 18 ~ 694 20 '36 L7 ~ 2 HNTC I ~ ISS>> 905 I ~ 479 ~ 234 2 76 o 67 I 18 '

261 ~ 089 236>> 209 24 F 880 10>>5 TOTL ELEC DIST 3>> 207>> 51D 2>>922 '80 284 '30 9~7

FNRS0430-8 0 R L A N 0 0 V T I L I T I E S C 0 N H I 5 5 I 0 N DATE 08/29/$ 0 FLNANCI AL NANAGENFNT SYS IEM PAGE 36 COMPARAtlVE WATER PRODUCTION STATISTICS FOR YEARS ENDING JUL 1980 12 NONfHS ENDING THIS YEAR LAST YEAR INCR/OECR PER PER PER

. DESCRIPT LON H GALS N GAL N GALS N GAL N GAI PRCNf ltd'260264 TREAT TREAT TREAT WATER TREATED 164986 '27 I ~4 USED OY WATER OEPf PLANtS 67 '82 480158 40 WELLS 50 ~ LOS Sl ~ 785 3 FLUSH H*INS 77 '09 62 ~ 896 22 ' 8-OVERHEAD TANKS 4 '53 70 526 40 ~

TOTAL 1990649 170 '65 L702 PUMPED FOR SALE.= 17 ~ 026 ~ 615 16 F 816 '62 I~3 SALES CUSTOMER 15 ~ 5620 102 14 ~ S530 775 4 ~8 INTERDEPT USE 370470 41 ~ 060 8 '

TOTAL 150 5990 572 14 ~ 894 ~ 835 4~7 LOSSES C UNBILLEO SA- I ~ 427 '43 10921 ~ 227 25 ~ 7-X LOSSES* OF WATER TR 803 Ill 3 OPERATIONS 600 SVPV AND ENGR ~ 0264 0 0226 0003$ le 8 603 NISC EXP ~ 0025 0 0025 ~ 0000 621 POWR FOR PROD RW 0227 ~ 0171 00056 3207 623 PO@R FOR PIEOD TR 00223 ~ OL 77 0 0046 26 '

627 RENT F 0000 00000 ~ 0000 64L CHEH ~ 0081 ~ 0070 ~ 001 I 15 ~ 7 TOTL OPNS- 00820 40669 ~ 0151 2206 HAINTENANCE 631 HNtC PUHP STRUCI'33

~ 0012 00011 ~ 0001 9~I MNTC PUMP EOPT ~ 0056 0 0049 4 0007 1403 651 NNTC THNT SfRUCf ~ 0003 ~ 0007 ~ 0004 57 ~ I 652 MNTC tHNT EOPT ~ 0052 ~ 0043 00009 20 '

672 HNTC StOA PLNf 00093 0 0004 ~ 0089 I'01'L HNTC ~ 02L6 ~ 0114 ~ 0102 89 ~ 5 TOTL WATR PROD ~ 1036 ~ 0783 00253 3203

FHRS0430-5 0 R L A N 0 0 U t I L I I' E 5 C 0 H H I S 5 I 0 N DATE 08/29/80 F INANCIAL MANAGEMENT SYStEH PACE 37 COHPARATI VE WATER STATFHENI OF OOoERAI LONS FOR YEAR ENOED JUL 1980 CURRENT MONTH 12 MONTHS ENOINC THIS YEAR I AST YEAR IN RE/OECRE PERCENT OESCRIPTION THIS YEAR LAST YEAR INCRE/OECRE PERCENT W AT R PROO 3?o041 31 ~ 123 5 ~ 918 L9 ~ 0 600 SUPV ANO ENOR 455 ~ 327 383 ~ 803 71 ~ 52 4 L8 ~ 6 4 '25 30205 1 ~ 020 31 ~ 8 603. MISC EXP 42 617 42 ~ 239 3/8 ~ 9 45 ~ 819 270 421 I 8o 398 67 ~ I 621 POWR FOR PROO RW 390e 868 289e915 100e953 34 ~ 8 4'96 27 ~ 922 20 ~ 3 74 73e 0 623 POWR FOR PROO TR 383 '97 299e990 83 e907 28eo 627 RENT 19 ~ 104 12 ~ 025 7 ~ 079 58 ~ 9 641 CHEM 138 ~ 798 I 19 ~ 253 19o545 16e4 154 ~ 485 101 ~ 696 52 ~ 789 SLe9 TOTL OPNS I ~ 41 I ~ 507 I ~ 135e200 2?6 ~ 30'7 24e3 I ~ 023 684 339 49ob 631 HNTC PUHP STRUCt 20 ~ 1 44 18e989 I ~ 155 6e I 7 ~ 404 5 ~ 223 2 ~ 181 41 ~ 8 633 HNI'C PUMP EOPT 96 '94 83 ~ 877 L2eb17 15eo 238 I ~ 236 998 80 ~ 7 651 HNTC T HNT STRUCT 5 '44 I I ~ 429 Se585 48e9 4 ~ 269 5 ~ 978 I o 709- 28 ~ 6 652 'HNTC I'HNt EQPt 88e 973 72. 548 16 ~ 425 22eb 2o314 653 I ~ 66L 672 HNTC STOA PLNT 160 ~ 862 6 ~ 173 154 '89 15e248 13 ~ 774 I ~ 474 10 ~ 7 TOTL HNIC 372e 317 193e 016 179 '01 92 ~ 9 Loo9 ~ 733 115o 470 54o263 47 ~ 0 TOTL WATR PROO I ~ 783 824

~ I ~ 328e 216 455o608 34 '

Ft4R50430-5 O R L A N 0 0 U T 1 L 1 T 1 E 5 C 0 t4 t4 1 5 5 1 0 N DATE 08/29/80 FLNANCI AL HANAGEHENT SYSTEI4 PACE 38 COHPARATl VE VATER STATEI4ENT OF OPERAl'10t45 FOR YEAR ENDED JUL 1980 CURRENT HONTH 12 HONTHS ENDING THIS YEAR LAST 'YEAR lNCRE/DECRE PERCENT OESCR1PTLON 1'HIS YEAR LAST YEAR INCRE/OECRE PERCENT WATR OLST 14 '09 9 ~ 762 4 '47 45e6 660 SUPV ANO ENGR L32e 607 123e 1 ls 9e 492 7e7

'Tlat 66$ HLSC EXP 14 e209 9. r62 4,44r 45e6 T OTL OPNS 132 e 607 123 ~ 115 9e492 7er Oe445 Se 624 82L 14 ~ 6 670 SUPV ANO ENCR 81 ~ 755 139 10 '16 14e9 5$ ~ 305 62 ~ 787 4 F 482 r.t 673 HNTC HA1N 6S6e293 676.s88 20e295 3e0 LO ~ 343 L3e 825 2.SLS 18.2 675 HNTC SVCS 252e027 264e470 12e443- '4e7 Lo sir 14 ~ 774 1 ~ 743 e Ll ~ 8 676 HNTC HTRS 208 69'7 193 ~ 768 14 ~ 929 7e7 4 '33 2.6rs 1 ~ 658 62o0 677 HNTC HYDR 70 '39 53e077 17 e562 33e1 1 01 e943 99 ~ 685 2 '58 2~3 1'OTL HNTC 1 ~ 269e 411 1 ~ 259e042 10 ~ 369 e8 116 ~ 152 109 ~ 447 6e 705 6~ 1 'TOTL MATR DIST 1 ~ 402eOLS 1 ~ 382 '57 19 ~ 861 te4

FHRS0430 5 0 R L A N 0 0 U T I L I T I E 5 C 0 H H I 5 5 I 0 N DATE 08/29/80 FINANCI Al HANAGEHENT SYSTEH PAGE 39 COH>AHA7 I VE CONSOLI DATED STATEHENT OF OPERAT I ONS FOR YEAR ENDED JUL 1980 CURRENT HONTH I2 HON THS END I NG LAST YEAR INCRE/OECRE PERCEN I DESCRIPTION THIS YEAR LAST YEAR INCRE/OECRE THIS YEAR PERCENT'3 GUST ACCT 64 ~ 236 17e3

'55 30 ~ 404 3e451 I 1e4 901 SUPV AND ENGR 436e 108 371 ~ 872 55e433 49e 195 6 '38 12 ~ 7 902 HEIR READ EXP 685 ~ 753 638e 131 47 '22 re5 64 ~ 757 67 '45 2 '88 3e8 903 GUST RECS 863e 483 802e 612 60 '71 re6 20 F 000 25 F 000 5~ 000- 20e0 904 8AD DE8'I 200 ~ 000 210e 000 10 ~ 000- 4e8 924 415 44e9 905 HISC EXP 14 ~ 352 14 ~ 41 I e4 I e339 175 '84 172 ~ 868 2 ~ 516 I~5 TOTL CVST ACCT 2e 199 ~ 696 2 '37 ~ 026 162.67 0 8~0

FVRSO430-5 0HL AN OOUT I I I TIE 5 F INANCIAL MANAGEMENT SYSTEM COMM I 5 SION OATE PAGE 08/2 0 13 CUH>ARATI VE CONSOk I OA'IEO STATEMENT OF OPERAT I ONS FOR YEAR ENDEO JUI 1980 CURRENT MONTH 12 MONTHS ENDING THIS YEAR k AST YEAR IN"RE/OECRE PERCENT OESCRIPTION THIS YEAR LAST YEAR INCRE/OECRE PERCENT MKTG 9 ~ 241 8o 260 981 Ill 9 9t I SUPV ANO ENGR 119e 192 103+678 15 'L4 15 ~ 0 I ~ 424 I ~ 107 317 28 ' 912 DEMO EXP 13 ~ 448 13m 296 152 Iit 913 AOV EXP LL 57m I 916 HISC EXP 134 L08 24 '

10 ~ 676 9 ~ 374 I ~ 302 13 ' TOTL HKT G 132o774 1170082 15 '92 L3o4

FKRSJ+30-5 0 R L A N 0 0 U T I L I T I E 5 ICONS C 0 M M I S S I 0 N DATE 08/29/80 FINANCIAL MANAGEMENT SYSTEM PAGE 4L COM>ARA I I Vf CONSOL L DATE 0 >I A TEMENI OF OPEHAI FOR YfAR fHOED JUL 1980 CURRENT MONTH 12 MONTHS ENDING THIS TEAR LAST YEAH INCRE/DECRE PERCENT DESCRIPT I ON THIS YEAR LAST TEAR INCRE/OECRf PERCENT GFNL AOMN 144 ~ 607 12'17 15 '90 12o4 920 SUPV AND ENGR I ~ 829o 619 I ~ 630 '59 19'60 12 '

44 '82 41 ~ 264 F 018 7 ' 92 1 OFF SUPP 510 ~ 78S 582 '78 71 ~ 890- 12o3 8 ~ 050 66 F 404 58 ~ 354- Sro9 923 OUI'5 SVCS 320o286 530 '61 210 ~ 075- 39 ~ 6 Oro 047 72 '00 So 253- 7~3 924 PROP I NS S25o 873 870 ~ 465 44 ~ 592- 5~1 LSD'9S 2c .839 28 '63 I ~ 224 4 ~4 925 INJ AND DHGS 205 '90 324 ~ 764 LLS ~ 974- 36o6 l4 ~ 837 5So623 43o 786 74 ~ 7 926 EMPL BENE 20o 515 234 ~ 349 213 '34 91o2 6 ~ 758 4 ~ 949 I ~ 809 36 ~ 6 930 Hl SC EXP r l. 500 56 '02 27o2 931 RENt 312 ~ 420 400 '20 Sr ~ 800 21 ' ZOTL OPNS 3 '84 '71 4 ~ 229o 678 445 '07 1005 l24 ~ 252 101 F 402 22 F 850 22 ' 932 MNTC GENL PLNT 1.556. rso I ~ 207 320 349 ~ 430 28o9 124 '52 101 ~ 402 22 '50 22 ' TOtL HNTC I ~ 556 '750 I ~ 207 ~ 320 349 '30 28 ~ 9 436 '/2 501 ~ 622 64 '50 12 ' TOTL GENL AOHN S ~ 341 ~ 121 5 ~ 436o 998 95 F 877 1 ~ 8

FHRS0430 5 0 R L A N 0 0 U T I L I 7 I E S C 0 N N I S 5 I 0 N DATE 08/29/80 F I NANCI AL MANAGEMENT SYS T EH PACE . 42 COMPARATIVE CONSOLIDATED STATEMENT OF OPERAT IONS FOR YEAR ENDED JUL 1980 CURRENT MONTH 12 MONTHS END I NG THIS YEAR LAST YEAR 'NCRE/OECRE PERCENT 'ESCR I PI'ION THIS YEAR LAST YEAR tNCRE/OECRE PERCENT S53 ~ 950 87et54 526e 703 27o 247 5 ' 403 ELEC OEPN 6e582o640 6e283o 274 299e366 4

20 ~ 389 72 ~ I 70 17 ~ 851 14 ~ 984

~ 2 ~ 538 20 ~ 8 14o2 403 403 VATR OEPN I e 092 o 815 858e233 234 '82 27 COHH OEPN 223o 435 225e346 le911- - o8 524 0

691 0

I 67- 24 ' 406 ELEC AMOR 6o 615 Be288 I ~ 673- 20e2 0 406 VATR AMOR 0 ~ 0 0 0 0 0 406 COHH AMOR 0 0 0 107.076 104 ~ 004 3 ~ 072 3~0 408 STAT UTIL TAX I ~ 374 669

~ I ~ 009e 877 364 ~ 792 36e t 363 ~ 120. 257e 092 106e028 4 lo2 408 CITY SUPP XFR EL 3e 446o 755 2e598e 453 848o302 32eb 26 ~ 061 21 ~ 959 4 ~ 102 I Se7 408 CITY SUPP XFR VA 257.975 247e 415 10 ~ 560 4o3 32e 870 23e 221 9 '49 41%6 408 CNTY PNT ELEC 304o 644 229 e 66'7 74 '77 32e6 0 26o 149 26 ~ 1 49 412 LEAS PLNI'EV

• 120 ~ 497 267e 261 146.764- 54e9 0 I 0 ~ 890- 10 ~ 890 413 LEAS PLNT RENT Te 920 I I ~ 880 3 e960 33 '

0 4 ~ 638 4 '38 413 LEAS PLNT DEPN 37 ~ 106 550 659 18 ~ 553 33o3 0 0 0 413 LEAS PLNT HNTC 0 0 290 '22 350 '75 59 ~ 753- 17 ' 419 I N I'R .I NCH 5 '87 882 4 ~ 147 775- I ~ 740 0

107 42'e 0

&I e393- 35e 192- 26 ~ 2 01 74 ' 421 NON OPNS iNCH

~

85be 373-

~

562 ~ 742-

~

293eb31 52e2 29 ~ 325 571 ~ 408 485 571 ~ 408 28 F 840 426 NON OPNS EXP 110 ~ 042 72 '47 37 '95 51 e3 202 '23 0 202e 023 0 427 427 BOND INTR 1978 BOND INTR 1978A Te220 ~ 537 2 '20 '33 6e856e895 363 e64 2 5 '

2 ~ 020 ~ 233 30 '97 0 30 ~ 997 427 BONO INTR 19788 30 ~ 997 0

0 30e997 0 0 0 427 BONO INTR 1980 0 0 0 I ~ 373 12 ~ 417 '0 ~

0 093 I ~ 373 2~ 23 '

428 431 BOND DISC AMOR OTNR INTR EXP 16 ~ 482 124 ~ 835 I 21 ~ 894, 0 16 ~ 482 2 ~ 941 2~4

'33 '00 324'l 558 ~ 400 I ~ 074 ~ 000 Se 600- 48e0 437 XFR TO Cl 'TY 9 7 '62o000 I ~ 771 ~ 200 23e I

TABLE OF CONTENTS BUDGET Page Consolidated Operations Electric Operations Water Operations Electric Revenue Water Revenue Electric Revenue Detail Water Revenue Detail Consumption (Electric) 10 Consumption (Water) 12 Electric Generation 14 Environmental 15 Lake Highland Plant 16 Indian River Plant 17 Crystal River Plant 18 Electric Transmission 19 Electric Distribution ., 20 Water Production 21 Water Distribution 22 Customer Accounting 23 Marketing 24

'General Rc Administration 25 Other Income/Expense Accounts 26

FSH>0430-I 0 R L A N 0 0 U T I L I T I E 5 C 0 H H I 5 5 I 0 N OA TE 08/29/80 F I NANC I AL HANAGEHENf SYS'I EH PAGE 1 CONSOLIDATED OPEAAT lOSS BUDGET FOR PER tOD ENDING JUL 1980 CURREN'f HON TN YEAR TO DAtE BUOGEt AHT ACfUAL Aet t OVER/UNDER PERCENT DESCRIPTION BUDGEt AHT ACT UAL AHT OVER/UNDER PERCENf 14 ~ 359 ~ 306- 15<< 203<< 510 844 ~ 204 5 ' ELEC REV 117 '72 F 453 96 '44<<979- 20.627.474-

'99 17<<5 taS ~ 453- 949 ~ 750- 184 '27 24 ~ I VATR REV 7 ~ 691 ~ 452 125 ~ 263 ~ 905-7 ~ 814 ~

I 04 ~ 759<< 130-151 122 20 ~ 504 ~ 775 I <<6 16 ~ I 15 ~ 124. 759- Ld<<163 ~ 290- I ~ 028 ~ 531 6.8 TOTL REV 20 ~ 7 1'29 '67 I I ~ 301 ~ 167 72 F 000 ~ 6 ELEC OCH EXP 9 I ~ 533 ~ 587 72 ~ 615 ~ 413

'68 '20 18 ~ 918 ~ 174 233 '36 2850 885 52 '49 22 ~ 6 WATR OCM EXP 2 ~ TSL ~

I ~ 937 '00 513 2 I ~ 854 ~ 954 L12 ~ 693 52 ~ Std 4

4<<3

~ I

!93<<696 175. 384 18<< 312- 9<<5 CUST ACCTG LJ ~ 961 I 0 ~ 676 275 2 ' HKTG 109 ~ 510 I 090330

'17 '85 LSO 408 ~ 571-

~ 2 Ita,028 436 ~ 672 39 '56 8<<3 GENL ADHN 4 e 725 ~ 956 4

'06 8~7 119 '83 107<< 076 12 107

~ 10<<2 StAT Uf IL I ~ 091 ~ 742 I ~ I LS<<848 27 2~5 309 '83 363 ~ 120 53 '37 17 ~ 3 CITY SUPP XFR EL 2<< 835<< 558 2 ~ 771 ~ 250 64 ~ 608- 2~3 19 '00 26 ~ 061 6 '61 31 ~ 6 CITY SUPP XFR-VA 2260 000 2 16 ~ 524 9 '76 4<<2 27 '86 32 '70 5 ~ 5S4 2005 GRAN CNtY PHT 2S3 ~ 945 244<< 273 9 '72 3~8 12 ~ 618 ~ 930 12 ~ 738 ~ 91 I 1 19 ~ 981 I~0 Tot L, EXP 105<< 4'95 ~ 61 I 85 ~ 9 16 ~ 527 19 '79 'S4 18 ~ 6 2 ~ S05 ~ 829- 3 ~ 4L4 ~ 379- 908 '50 36 ' INCH BEFORE OFPN 19 '68<< 294 1'42<<603- 925 '91 I ~ 7 525 ~ 691 554 ~ 64 I 2S<< 950 5<<5 ELEC OEPN C AHOR 5 '56 '10 5 ~ 489 ~ 126 232 '16 II ~

86<< 987 L5 ~ 487 'NAtk OEPN 715 ~ 000 857<< 026 142 '26 19 F 9 71 ~ 500 17 F 500 20 '89 2 ~ 889 21 1605

~ 7 C COHH OEPN AHOR 175<< 000 I 87 ~ 45I 12 '54 7 '

138- 362- 861 ~ 224 45 ~ 5 SYST INCH 13 ~ 621 ~ 3S4- 12 ~ 308 997- 1 ~ 312 ~ 3S7 9 '

1 ~ 591 ~

3J ~ 372-2 ~ 752 ~

0 30 ~ 372 LEAS INCH 188 ~ 520

~

46<< 009- 142 ~ 51 I- 75 '

I ~ J2L ~ 510 2 ~ 752 ~ 362 830 ~ 552 43 ' OPNS INCH 13 '09 ~ 904 12 ~ 355<< 006- "I ~ 454 ~ 598- 10 ~ 5 642 ~ 000 290 ~ 522- 351 ~ 4 78- 54 ~ 7 INTR LNCH 5 ~ 173 ~ 000- 4 662 ~ 071- 5 I 0 <<929- 9<<9 30 F 000 61 393- 31 '93 NON OPNS INCH 300 ~ 000-

~

781 '96 481 '96 774 ~ 740

~

504 ~ 428 29 685F 3 ' BONO INTR EXP 7 ~ 747 ~ 400 7 '65<<309 17 '09 <<2 1 ~ 373 1 ~ 373 BONO DISC, AHOR 0 13<< 736 L3 ~ 736 ILL 000 0

12 ~ I17 I ~ 417 L2 ~ 9 OTNR L Nf R EXP 110<< 000 105 '03 4 ~ 997 4 '

2 ~ IJO 29 '25 27 ~ 225 NON OPNS EXP 21 ~ 000 87 ~ 931 6o<<931 80boa70- 2 '5a<<734- 451 ~ 064 25<< 0 NET INCH I I o 404 ~ 504- 9<<S2oe 594 I ~ 577 ~ 9L 0- 13 AS 1 ~

o53 ~ 500 558 '00 95 F 100 L4 ~ 6 XFR to CITY d<<34oo 000 5 '84 '00 761 ~ 80 0- L200 I ~ 152 ~ 170- I ~ 698 ~ 334- 546 ~ I 64 47<< 4 RETN EARN Se 058<< 504- 4 '42<<394- 516 ~ 110 16 ~ L

FHRSJ430-I 0 R L A N 0 0 U T I L I T I E S C 0 N H I S S I O N DATE 08/29/80 F I NANCI AL HANAGEHENf SYSTEH PAGE 2 OPERATIONS BUDGET FOR PERIOD ENDING JUI 1980 CURRENT HONTN YEAR TO DATE ling 8UOGET ACTUAL *HT AHT OVER/UNDER RERCEN T DE SC R I PT I ON BUDGET AHT ACTUAL AHT OVER/UNDER PERCENf 359 '06 15o 203o sl 0 844 ~ 204 So9 ELEC REV 117 ~ 572o453- 96o944 ~ 979 20o627o474 1705 10 '47238 F 423 750 10 '23I '10 30 ~ 462 63 '39 26o4 ELEC GENR OPNS 2 ~ 403o 286 3 '62e873 659o587 2704 F 24 ~ 140 o2 ELEC GENR FUEL 82ob 79 ~ 500 61 ~ 374e 571 21 e304 o929 25 F 8 253 ~ 4 78 291 ~ 262 37o 784 14 ~ 9 EI EC GENR HNTC 2 ~ 55io 780 2 ~ 891 ~ 614 336 '34 13 '

10 o839 ~ 651 10 ~ 916e 334 7dod83 ELEC GENR EXP 8 7 ~ 637o 566 bro329e058 20e308e508 23o2 7o 000 13o255 6 '55I- 8904 PURCN POVR 70o 000 I ~ 126o 066 I ~ 056 ~ 066 100 99 Io0 LOAD CONT I ~ 000 I ~ 105 105 1005 9 ~ 83d

'87 11 ~ 585 I ~ 749 17o8 XHSN SVCS 98 '60 121 ~ 912 23 '52 2309 10 F 856 10e 941 ~ 273 84 ~ 686 o8 POVR SUPP EXP 87 F 80'26 68 ~ 578 ~ 141 19 '28 '85 21 o9 37o235 36 '30 3 05- ~ 8 ELEC XHSN OPNS 372 '26 393 ~ 982 21 F 456 sos 5ao674 6 I ~ 875 98 '05 5 ~ 201 9o2 ELEC XHSN HNTC 566e 740 956o 789 390 '49 68 '

93e909 4 ~ 896 so2 ELEC XHSN EXP 939 '66 I ~ 350 ~ 771 41 I ~ 505 43os 146 ~ 097 133 F 574 121 ~ 959 26 ~ 138 Ir.b FLEC DIST OPNS I ~ 481 ~ 480 I ~ 214 ~ 036 267 o444 18 ~ I 139 ~ 130 8 F 556 6e6 ELEC OI ST HNTC I ~ 305 ~ 915 I ~ 472o 465 166 o550 12 ~ 8 278 ~ 671 26 I ~ 089 170582 6 ' ELEC OI ST EXP 2.rsr. 39s 2 ~ 686 ~ 501 100 '94 3 '

11 ~ 229 ~ 167 I I ~ 301 ~ 167 72 F 000 ~ 6 Toft. ELEC EXP 91 ~ 533e 5$ 7 72e 6150 413 18 ~ 918 ~ 174- 20 ~ 7 3 ~ 130 ~ 139 3e 902o 343- 7 72 ~ 204 24o7 ELEC SYST INCH 26o 038o 866- 24o329o566 I ~ 709 '00 6o6 I I 7 ~ 223 105e 219 12 ~ 004 I 002 ELEC GUST ACCT I ~ 172 ~ 500 I ~ 108 788 63 ~ 712- So4 I 0 ~ 951 274.069 10 ~ 676 242o 132 2 75-937-

" 2 ' ELEC HKTG 109o 510

~

I 09e 330 1$ 0- o2 31 ~ IIo 7 ELEC GENL AOHN OPNS 2 ~ 714 ~ 524 2e344 ~ 997 369o527- 13 ~ 6 99 ~ 187 100. 645 I ~ 458 los ELEC GENL AOHN HNTC 991 ~ 886 I ~ 041 ~ 8$ 4 49o99$ 5 '

2ob2do709- 3 ~ 443o 671 814 ~ 962 31oo ELEC TOTL, INCH 21 F 050 '46 19 '24 '67 lo325 ~ 879- 6o3 I 19 ~ 183 107- '06 107o 076 12o 10e2 STAT UTIL TAX I ~ 091 ~ 742 I ~ I 18e 848 27 309 '83 363 ~ 120 53 '37 1703 CITY SUPP XFR 2o 835 o 858 2 ~ 771 ~ 250 64 ~ 608-2 27 '86 2

2 ~ 172 657-320 870 2 ~ 940 ~ 605 so 584 767 ~ 94$

20 ~ 5 35e3 BRAN CNTY PHT 253 '45 244e 273 9o672- 3e8

~ ELEC INCH EX OEPN Ide868 901 ~ 15 ~ 590 ~ 196 I ~ 278 F 705 lo6 IDES 525 F 000 691 553e950 691 28 'SO 0

5~5 ELEC PLNf OEPN ELEC PLNT AHOR 5o 250 ~ 000 6o 910 5 ~ 4$ 2o219 do 907 2J2 ~ 219 3

4 '

15 ~ 225 I od31 ~ 741 I 7 ~ 738 2o368 ~ 226 736 2 ~ 513

'85 16 ~ 5 45 ~ I ELEC COHH OEPN ELEC INCH 152 ~ 250 163 '85 10 ~ 835 7o I I I ~ 459 ~ 741 9e937o985 I ~ 521 ~ 756 13 ~ 3 3a,000- 0 36 000 LE*5 PLNT REV 244. 800- 79o 778- I 650 022 67 F 4 Sob2$ 0 5 '28 LEAS PLNT EXP 5de 280 33 '69 22 ~ 51 I- 40 '

30 '72<< 0 30 ~ 372- LEAS PLNf INCH 188 ~ 520- 46.009- 142 ~ Sl I rso6 I ~ ba2 ~ I 13 2o 368o 226 706 ~ I 13 42 ' ELEC OPNS INCH I I ~ 648 ~ 261 9 '83 '94 lo664 ~ 267 14 '

srr.800- 261 ~ 470- 316 ~ 330- 54 F 7 INTR INCH 4 '55 700 4 '95e 864 459 ~ 836 9o9 6 I ~ 393-F 30 F 000 31 ~ 393 NON OPNS INCH 300 F 000 781 ~ 496 4$ 1 ~ 496 69r.266 723 '85 2ao 719 3o8 BOND INTR EXP 6 '72o660 bo988 ~ 778 lao118 e2 0 I ~ 236 I ~ 236 BOND 0 ISC AMOR 9 ~ 130 0 12 ~ 362 12 ~ 362 306 I ~ I 76 12 ~ 9 OTNR INTR EXP 91 ~ 300 87 ~ 152 4 ~ 148 4o5 2e 100 29o 325 27 '25 NON OPNS EXP 21 ~ 000 87 ~ 931 66 ~ 93 I I ~ Sal ~ 417 I ~ 92a, 237- 364 ~ 820 23 ~ 4 f I NCH 575 '80 491 ~ 392 83 ~ 688 14 ' Et EC NE XFR TO CITY 9 ~ 519o 001 5 ~ 584 ~ 480 7 ~ 785o 4 ~ 914 131-096 I ~ 733o870-6700384 lso2 12 '

986 ~ 337 I ~ 434 ~ $ 45 448 ~ 508 45e5

~

RETN EARN 3 ~ 934 ~ 521- 2o 871 ~ 035- I ~ 063ei86- 27 '

0

FMRS J &30 I 0 R L A N 0 0 U f I L I T I E S C 0 H M I 5 S I 0 N DATE 08/29/80 F I NANCI AL MANAGFMENT SYS I EM PAGE 3 OPERATI UNS BUDGET FOR PEH IOD ENDING JUL 1980 CURRENT MONTH YEAR TO DATE clJDGET ANT ACTUAL AMT OVER/UNDER PERCENT DESCRIPTION BUDGET ANT ACTUAL ANT OVER/UNDER PERCENT ros ~ &53- 949 ~ 780- 184 '27 24 ~ I Vhl'R REV 7 ~ 69 I ~ 452- r.s 14 1st-

~ 122 '99 I e6 I 13 ~ 597 154 ~ &cls 40 F 888 36 VATR PROD OPNS I ~ 135 ~ 970 I ~ I 72 ~ 260 36 '90 3o2 I re 060 15o 248 I ~ 812- 10 VATR PROD HNTC 470 ~ 600 32L ~ 676 148 '24 31 o6 130oaSr 169 ~ 733 39 ~ 0 76 29 ' VATR PROD EXP I ~ 606 ~ 570 I ~ 493o 936 112 ~ 634- '7 e 0 LL ~ 240 14 ~ 209 101 ~ 943 2 '69 26 Ll ~ 6

' VATR DIST OPNS VA'fR Otsl'NTC 1200 026 I ~ 054 ~ 917 I 060 003 I ~ 068 ~ BSL I 4 ~ 023 13 '6&

L I e7 to3 91 ~ 339 10 ~ 604 102 '79 116 ~ 152 13o 5 13 13 ~ 2 1cATR DIST EXP I ~ I 74 ~ 943 I ~ I 74 ~ 884 59-2J3 ~ 236 285o 885 52 '49 22 ~ 6 TOTL VATR EXP 2 ~ 781 ~ 513 2 '68 '20 112 ~ 693- 4 '

532 ~ 217- 663o 895- 131 1S 24 ~ 7 VATR SYST INCN 4~ 909 e 939 5e 145e331- 235't '92 4o8 roe 473 70 ~ 165 6 ~ 308- 8 ' VATR CUST ACCT 765 ~ 000 746o 196 I S ~ 804- 2 ~5 0 0 0 VATR HKTG 0 0 0 79 ~ 499 70 'dd 9 ~ 211 11 ~6 VATR GENL AOHN OPNS 786 ~ 873 685o 812 I 01 ~ 061- 1208 23 ~ 213 23 '07 334 I~4 VAfR GENL *OHN HNf C 232o 673 393-244 ~ 392 3 ~ 468o 931- 343 L I ~ 719

'38 5 ~0 LL ~ 0 J5 2 ~ 972- 499 ~ 835- 146 ~ 863 41 ~ 6 VA'fR TOTL INCH 3 ~ 125e 26o 061 bo261 31 6 C I 7 Y SUPP XFR 226o 000 216 524 9o476- &e2 19oSJO 333 ~ 172 473 ~ 774 '140 ~ o02 42 ~ 2

~

VATR INCH EX OEPN 2 ~ 899 ~ 393 3 ~ 252 ~ 407- 353 ~ 014 12 '

11 ~ 500 87 ~ 154 15 '5& 21 ~ 9 VATR PLNT DEPN 715 ~ 000 858 ~ 699 143 ~ 699 I ~ 673-20 ~ I 0 167- 67- VATR PLNT AMOR 0 I ~ 673-2 ~ 275 2 ~ 651 L

376 'I 6%5 VATR COMM DEPN 22 ~ 750 24 '69 1 o619 7~I 25V ~ 397- 38& ~ 13o- 124 '39 &8 ~ I VATR OS NS tNCH 2o 161 ~ 643- 2 ~ 371 ~ Ot2- 209 ~ 369 9~7 64 ~ 2JO- 29 ~ 052 35o 148 54 ~ 7 INTR INCH 517o 300 4660 207- 51 ~ 093- 9o9 0 0 0 NON OPNS INCH 0 0 0 77 ~ &7& 80 ~ 443 2e 969 3eS BOND INTR EXP 774 '40 776 '31 I o791 e 2 a 137 137 BONO 0 I SC AHOR 0 I ~ 374 I ~ 374 I ~ 870 2~ Lt L 241 12 ~ 9 of ccR I NfR Exp 18 ~ 700 17. est e49- 4es 0 0 0 NON OPNS EXP 0 0 0 2&&,253-1de&20 330 ~ 49 7-or 00S 8'44 I I 412 35 ~ 3 1& ~ 6 ccAT R NET XFR TO CITY I NCH I ~ 885e 503 761 ~ 520 2 ~ 04 I ~ 463-670 ~ 104 L55 ~ 960 91 ~ 416-Be3 12oo 165 'J3

~

263 ~ 489- 97

~

'56 58 ~ 9 RETN EARN I ~ 123e 983- I ~ 371 ~ 359- 247 '76 22eo

F MH5443II- I ORl.ANOQVT F IL I IE5COHM T

INANC I Al MANAGC MENT SYSTFM I SS I UN OATE PACE 08/29/80 4

OPERATIUCe> ccuc)GEI FOH PERIOD CNOINC JVL 1980 CURRENT MONTH YEAR TO OATE SUOGET *MT ACTUAL AMT OVER/VNOER PERCENT OCSCRIPT ION 8UDCET AHT ACTUAL AMT OVER/VNOEA PERCENT ELEC AEV 3 ~ 825 ~ 813 4 ~ 417 ~ 501- 591 ~ 68S 15 ~ 5 440 RES I 32e 455e 499 32 ~ 600 ~ 075- i44.576 ~4 998 ~ 557- I ~ OSOe Oo9 57e 512 So 8 442 CSND 8 ~ 481 ~ 183- 8 ~ 062 ~ 634- 418 ~ 549 4o9 3 '3cs ~ 322 3 ~ 635 ~ 344- 497 ~ 022 iS.S 442 GSO 26 ~ 655 ~ 145 28 '06 '70 I ~ 450 ~ 925 5o4 c so 507- 82 7 ~ 799- I 41 ~ 292 20 ~ 6 442 GSO PRI 5 ~ 830 ~ St 0- 6e2 ISe423- 387e613 6o6 2oo747- 25e 403- 1 ~ 344 5 ' 443 PRIV STLT 227e 174- 240 ~ 970- 13 ~ 796 6ei 124 ~ S20- 105 ~ 785- 19 ~ 035- 15 ~ 2 444 PUSL STLT I ~ 060 '47 I ~ 012 ~ 422 47 ~ 725- 4o5 25 '04 27~ 079 1 ~ 375 5 ' 451 SVC FEES 257 '39 2 78e I 92- 21 ~ 153 8 '

456 OTNR 8 ~ 82oo4 70- 10 ~ 094 ~ 980- 1 ~ 268 ~ 510 14 ~ 4 CUSTOMER SALES 74 e 966 ~ 997- 76 ~ 5 I Se 786 I ~ 551 ~ 7S9 2~I 89 ~ 1 56- 116 ~ 646- 27 F 490 30 ~ S 448 OUC USE 757 ~ 247- 804 ~ 963- 47 '16 6o3 8 ~ 915, o2o- 10 ~ 21 I ~ 62o- I 29de000

~ 14 ~ 5 RC TA IL SALES 75e 724 ~ 244- 77e323e749- I ~ 599 ~ 505 2o I 5.443.680- 4 ~ 99 I ~ F84 451 ~ 796 8 ' '447 RESALE 4 I ~ 848 ~ 209 19 ~ 621 ~ 230 22e226e979- 53 ~ I lae359 306 ~ 15 ~ 203 ~ 510- 844 ~ 204 5~9 TOTAL SALES ~ 117 ~ 572e 453 96e944 ~ 979- 20ed27 ~ 474 17 ~ 5

FMRS04 J0-1 -OR LANOOUT I L I I I E5 COMM I SS I ON DATE 08/29/80 FINANCIAL MANAGEMEtoT SYSTEM PAGE 5 OPERATIONS BUDGET FOR PERIOD ENDING JUL 1980 CURRENT MONTH YEAR TO DATE SJOGET AMT AC'TUAL AMT OV=R/UNDER PERCENT OESCRI PT ION BUDGET AMT ACTUAL AHT OVER/UNDER PERCENT MATER REV 484 ~ 010- 595 ~ 729- Ills 719 23 ~ I 461 RES I 4 ~ S I 4 ~ 355 4 ~ 759 ~ 442- 540913 I el ld7 ~ 705- 1970 457- 39 ~ 7 52 2502 46L COMM I ~ 568 '63 I ~ 6930 779- 125 ~ 116 800 a5 ~ 399- 760 102 L 0 ~ 703 16 ~ 4 461 IND 650 ~ 511- 6070304 43 ~ 207- 606 260064- 50 ~ 166 24 ~ I 02 92 ' 465 IRRI 2S90 250- 349 ~ 442- 90 '92 34 ~ S 21 ~ S00- 20 ~ OSO I ~ 450 6~7 462 F I RE PROT 291 ~ 000- 304 ~ 49S- 13 F 498 4 '

9 ~ 3JO- 8 ~ 76 0- 540- 508 47L SVC FEES 93 F 000 860402- 6 ~ 598 701 474 OTNR 7d3 ~ 978- 948 ~ 2d4 L84 ~ 286 2401 CUSl'OMER SALES 70 6 760 7 79- 7 ~ 8000867 124 ~ 088 106 I ~ 4 75- I ~ 516- 41 208 467 OUC USE 1 40 b73- 130 284- 10389- 9 '

7d50453- 949 ~ 780- 1 84 ~ 327 24 ~ I TOTAL SALES 70691 ~ 452 7 ~ 8 14 ~ 151- 122 ~ 699 106

FNReJ+30 1 0 R L A N D 0 U T I L I I I E S C 0 H H I 5 5 I 0 N DATE 08/29/80 F I NANC I AL HANAGCHENZ SYSIEH PAGE 6 OPERATIONS OJDGEI FOR PEAL OD ENDING JVL 1980 CVAAENI HONtet TEAR TO DATE dJDCET ANT ACtVAL AHT . DVEA/UNDER PERCENT DESCRIPTION BUDGET AHT ACTUAL *MT OVER/UNDER PERCENT REVENUE ELECTAIC I ~ 4 J9 ~ 007 l ~ 660 291-

~ 221 ~ 284 I Se4 00 RES I IN HONE 12 ~ 200 ~ 217 I 2 e 5 I 5 e 9 0 4- 315 '87 2e6 757 ~ 642 856 ~ 291- 98e 649 L3 ~ 0 02 RES I IN HVLT RESI 6e 434 ~ 9S9 6e 457e 493 22 F 504 o3 7 ~ 277- 7~ 859- 582 Be0 22 RES I tN SPEC A 61 ~ 804- 61 ~ 452 352- o6 44- 5 1 9- 475 38 RES I IN SPEC 8 378- 3e218- 2 ~ 840 2 ~ 203 ~ 970- 2e 524 ~ 9DO- 320 ~ 990 14io AESI 18 e 697 ~ 388 19 ~ 038 067 340 '79 1eS I ~ 2L ae212 I ~ 432 ~ b79- 21 6 ~ 367 17 ~ 8 01 RESL OUT NONE 10 ~ 31 2 ~ 909 L 0 ~ 286e 434- 26 ~ 475- ~3 3vQ ~ 297- 452 ~ 770- 53 ~ 4 l3 L3 ~ 4 03 RES 1 OUt HULT RES I 3e391 ~ 401 3e224 ~ 135 L67 ~ 266- 4e9 ai32d- 7 ~ 139 Sl 1 12 ~ 8 23 RES I OUT SPEC A 53 ~ 748 50e996 2 ~ 752- 5~ I 6 5J 47 39 RES I OVT .SPEC 8 53 443- 390 I eo21 ~ 843- I ~ 892 ~ 54 I- 2'70 '98 L6 ~ 7 RESL OVT L3 ~ 758e 111- 13o562 F 008 L96 ~ 103 I~4 3 ~ d25 ~ 8 13- 4 ~ 41 te SOL- 591 ~ 68S LSe5 RESL 32e 455e 499 32eb00 ~ 075 144 '76 ~ 4 aa9 ~ 033- 70S. 849- 39 '16 6 ' 06 CSNO IN 5 ~ 682e 392- Se396e 135 286 '57 5~0 dos,033- 708 ~ d49 39 ~ S16 6 ' GSND IN 5 ~ 682 ~ 392 5 e 396 ~ I 35- 286 '57 5~0 329e524- 34 7 ~ 220 I 7 ~ 696 5 ' 07 CSND OUT 2 ~ 798 ~ 791- 2 ~ 66be 499 L32 ~ 292 4~7 0 0 0 CSND OUT FLAT 0 0 0 329 ~ 524- 347 ~ 220- 17 '96 5~4 GSNO OVt 2 798i 791- 2e666e 499- 132e292 4e7 9Vde557- 056. OD9- 57 ~ 512 5.8 GSND Se 4SL ~ 183 8 ~ 062e634- 418e549- 4o9 3oa ~ 83d 2dl ~ 583 95 ~ 253 26 ' 08 GSO LN OEH 3 ~ 030e 770- 2 ~ 394 ~ 40!- 636 ~ 369- 2100 2 ~ 00ae320- 2 ~ 428 ~ 992- 422 '72 2lel 10 GSD Ice ENER 17 '40 '55 I Se 3 0 0e 538- I ~ 259 'S3 7o4 2 ~ 3o3 ~ 156- 2 ~ 690 ~ 575- 327 ~ 419 13 ~ 9 GSO IM 20 ~ 071 ~ 325 20 ~ 694 ~ 939- 623 '14 3el 9te3DL- 23 ~ 363- 20 ~ 4 09 GSU OUT OEH 974 ~ 403 832e 877- 141 ~ 526- 14e5 do0 ~ 442- 853 ~ 40d 192 '66 29 ' ll CSO Ovr ENEA Se609 ~ 417- 6 i 5 7 8 e 2 5 4- 9GS ~ 837 17 '

7 75 ~ 16n- 944. rc 9- 169 ~ 603 21 ' CSD OVT 6 5S3 ~ 820- 7~4 I I ~ 131- 827 '11 12od 3~ 13di322- 3 ~ o35 ~ 34 4- 497 ~ 022 15 ~ 8 GSa 26 ~ 655e 145- 28e I 06e 070- I ~ 450 e925 5~4 4 t ~ 075- 32 ~ 65 I 8 '24 20 ~ 5 14 CSO PR I IN OEH 34S ~ 86S- 3 I 0 ~ 340- 38 ~ 528 11 ~ 0 339e25L- 438i 9l5- 99. 724 29e4 16 CSO PRL IN ENER 2 ~ SS I ~ 402- 3e 074 ~ 859- 1 93 ~ 457 6~7 JDJ ~ 32o 471 i 626- 9l 300

~

'l ~ 247 24 ' CSO PR I IN 3 ~ 230 ~ 270 3e385et99- L 54 e929 4 ~8 Jl ~ 842 24 ~ 595- 22 ~ 8 15 GiSO PR I OV f DEM 270 ~ 454- 2 14 ~ 729- 55.725- 20 ~ 6 2 l4 ~ 3 39 331 '7d 57 '39 20 ~ 9 17 GSO PRI OUT ENEA 2 ~ 330 ~ 086- 2 '18 '95 288 '09 L2 ~ 4 J0oeldl- 35aet73- 49 '92 loe3 GSO PAt OUT 2 ~ 600 ~ 540 2 ~ 833 ~ 224- 232 'S4 8 '

odoe507- d2 7 ~ 79v- I 41 ~ 292 20 ~ 6 GSD PRI 5 ~ 830 ~ 810- 6e2 18e 423 387e613 6~6 2e 1 da-195-20 3-2 ~ 50 S-17 310 9~

14 1

~ 1 20 24 PA IV STLI PRIV STLT LN IN RES I CONN I ~ 579-18 ~ 640 t ~ 916-22e 019 3 337

'79 21 '

18 ~ I 0 0 0 36 PRIV STLT Ite SECU LITE 0 0 0 2 ~ 381- 2e 708- 32 7 13i7 PA I V STLT IN 20 ~ 219- 23e 935- 3 ~ 716 LB ~ 4 I 7 ~ 032- 15e 4d9- I ~ 543- 9e I 21 PA I V STLT OVT RES I 144 ~ 660 148e 767- 4.107 2 '

7 ~ 334 7 ~ 206 128- Lo7 25 PRIV Sf LT OUT COHH 62 ~ 295- dSe 268- 5 e973 9 ~6 24 ~ 366 22 ~ a95- Ie o'll- Go9 PRIV STLt OVT 206 ~ 955- 2 17e 035- 10 F 080 4e9 2ae 747- 25 ~ 403- I ~ 344 5~0 PRIV STLT 227 ~ I 74- 240e 970- L3e796 be I 0

0 L A ND 0 V T L.L L T I E 5 C 0 NN I 5 5 I 0 N DATE 08/29/80 FHRS0430 1 R PAGE 7 F INANCIAL NANAGENENT SYSTEN OPERATIONS UVOGET FOR PERtpp FNDING JUL 1980 CURRFNT NONTH YEAR TO DATE DESCRIPTION BUDGET ANT ACTUAL ANT OVER/UNDER PERCENT BJDGE'I Aot T ACTUAL ART OV"R/UNDER PERCENT

80. 8 30 STLT IN I ~ 060 234- 826 77o9 125- 24 101 PUBL OV HD 0

0 0 32 PVBL STLT LN wWAY 0 0 0

h.sa8- 3o 139- L ~ 729- 35 ~ 5 33 PUBL STL,T IN FLOR 41 ~ 346- 32 ~ 874- 80472 20o 5

'75 IN 931 ~ 870 843 ~ 218 Bso652 9o5 109 ~ 717- 87o 142 22 20 F 6 34 PVBL S'TLT HERC 2~ 122- 7~ 434- 5 ~ 312 31 PUBL STLT IN SOON VAPR 18 ~ 022 60 ~ 926- 42 '04 STL.T IN 67 ~ 849 75o 170 7o321 1008 7 ~ 988- 8 ~ 046 58 ~ 7 35 PVBL TRAF

'35 I ~ 060 ~ I 47- I ~ 0 12 ~ 422- 47 ~ 725 4o5 124 '20 10 5 ~ 785- 19 1' PVBL Sl'LT IN 124 ~ 820- 105o 785 19 ~ 035- 15 ~ 2 PUBL STLT I ~ 060 ~ 147- I ~ 012o 422- 47 '25 4 '

59- 34- 25- IN 590- 252- 338- 57o3 6 ~ 537- 60 125 412-42 ~ 4 6~3 40 42 SVC SVC

.FEES FEES IN TENP CONN CUT ON 65 ~ 370- 61 '70 3 '00 6 '

7 ~ 90 1- 9 ~ 500- 1 ~ 599 2002 46 SVC FEES IN RECO CHG 79 ~ 010- 98 '91 19 F 181 24o3 14 ~ 497 15o 659- I ~ 162 8 ' SVC FEES IN I 44 ~ 970 159 ~ 913 14 ~ 943 163-L003 45- 65 20 44 ' 41 SVC FEES OUT TENP CONN 450-

'38 287 3oh22-36 4 ~ 9 76- 4 '80 296 5o9 43 SVC FEES Dur CUT ON 49o 760 6 t ~ 859 46 7 I ~ 654- 9o795 15 6

6 ~ L86- 6 ~ 675- 489 7o9 47 SVC FEES OVT RECO CHG ll 207-

~ 1 I ~ 420 213 1 ~ 9 SVC FEES OUT I 12 ~ 069 I I so 279- 6 ~ 210 5 '

2S ~ 704 27o 079-. 1 ~ 375 So 3 SVC FEES 257 ~ 039- 278 ~ 192- 21 F 153 8o2 89- 59- 30- 330 7 04 OUC VSE IN RES I 757- 54 8- 209 27o6 15 ~ 424- 26o 387- 10 ~ 963 7L ~ L OL2 OVC VSE IN GSND 131 ~ 005 I I I ~ 772- 19 ~ 233- 14 ~ 7 LL.BSS- 9o 048 2 ~ 810- 23 ' 26 OVC VSE IN GS D DEN 100o 7 L5- 82o 488- 18.227-

'19 18 ~ I d 1 ~ 785- 80 ~ 948- 19o 1 63 31 ' 28 OUC USE IN GSO ENER 524 ~ 770- 609o 589- 84 16 ~ 2 eo2 svo 1 sa- 116o 442- 27 ~ 286 30 ' OUC USE IN 757 ~ 247 804o397- 47 ~ 150 0 005 ouc USE our RES I 0 0 0 0 0 0 204- 204 013 OVC VSE DVT GS ND 0 566- 566 0 0 027 OUC USE OVT GSD OEN 0 0 0 0

0 0 029 OUC USE Our GS 0 E HER 0 0 0 0

0 204- 204 OUC USE Our 0 566 566 89 ~ L5a- 1 leo aha- 27 '90 3008 OUC USE 757o 247 8 04 ~ 963- 47 '16 6o3 Shodap- 0 54 '60 ls FOR 5 ALE OUT DEN 4 17o 030- 183 ~ 233 o389- 56 ~ 0 94 ~ 272 94 ~ 2 72 OL8 INTR CHG CLAS 8 OEN 0 190 ~ 3S7- 190 ~ 357 300- 41 ~ 300 018 INrR CHG CLAS D DEN 0 2600 740 260o 740 5 388 820-0 41 ~

0 5 ~ 388 ~ 820 19 FOR SALE OUT ENER 41 ~ 431 ~ 179 e.eee. '41 862 34 '64 '1 7 83 o9 0 50 L7L- 5 ~ 171 OL9 I NTR CHG CLAS A ENER 0 62 ~ 030 62 '30 0 L. ea8.948- I ~ 668 '48 019 INTR CHG CLAS 8 ENER 0 3 ~ 062o 582 3 '62 '82 0 2o 152 ~ 767 2ot52 ~ 767 019 INTR CHG CLAS C ENER 0 6 ~ 448o 544- 6 '48o544 0 I ~ 029 ~ iza- to 029o 426 019 INTR CHG CLAS 0 ENER 0 2 '46 474 2 ~ 746 ~ 474 S.hhso680- 4 ~ 991 ~ 884 4 51 ~ 79a- 8 ' INTR CHG CLAS 41 ~ 848o 209 '21 '9 230 22 '26 '79 5301 5 ~ 443 ~ 680- 4 ~ 991 ~ 884 451 ~ 796- so3 INTR CHG 41 ~ 848 ~ 209 19 ~ 621 ~ 230- 22 '26 '79 53 ~ t lh ~ 359 306-~ 15 ~ 203 ~ 510- 844 ~ 204 So 9 TOTAL I 17 ~ 572o 453 96o944 ~ 979 20 ~ 627o474- 1705

F ec ec 5 J 4 3 0 - L O R L A N D 0 U T I L I T I E S C 0 H N I 5 S I 0 N DATE 08/29/80 F INANCIAL HANACENC'NT SYST EH PAGE 8 OPERAI'I ONS CCUDCET FOR PERIOD ENDING JVC 1980 CURRENf HONTCC TEAR TO DATE dVDCeE'f Aec f ACTUAL AHT Ovc:R/UNDER PERCENT DESCRIPTION BUDGET AMT ACI'UAL AHT OVER/UNDER PERCENT REVENUE WATER looo771- 207% 010 40 '39 24%1 050 RES I IH ccOHE I ~ 658 ~ 845 I ~ 646% 415 12 ~ 130- ol 15 ~ 198- 16 ~ 026 82S 5 4 150 RESL tN MVLT RES I 151 ~ L 72 I 50% 889- 283- %2 4+ ~ 459- 50 ~ 079- 5%a20 12%6 250 RESI IN APMT 442% 224- 437% bl I- 4 '53 I~0 7 27- 89 9- 172 23 ' 076 RESI SPEC A lo 230 6% 996 234 3F2 23 30- 7 30 ' 078 RESI IN SPEC B 228 303 l5 32%9 227 ~ I la- 274 F 044 46% 86b 20 ~ 6 RESL IN 2% 259% 699- 2 ~ 242e 274- 17%425 %8 213%63S- 272 ~ 201- 58.56e 27 ~ 4 051 RESI OV NONE 2 ~ 124% 9S9- 2 ~ 088 ~ 593- 36 ~ 396 tel 7 ~ 507- 8. SDO- 993 13 ~ 2 15L RESI I'VT'VT HVLT REST 74 ~ 671- 73%258- I ~ 4t3- 1%9 34 ~ a6a- 39 ~ 889- 5 ~ 02L 14 ~ 4 251 RES I APHT 316%822- 347 ~ 269- 447 ol a 7-1 I ~ 090- 273 33 ~ 4 0 l7 RESI OVT SPEC A 8% 122 7 ~ 996- 126- t.b 5- 5 0 079 RES I OUf SPEC 0 52 52 0 25oo832- 321 ~ 685- 64 ~ 853 25%3 RES I OVT 2% SS4 ~ 656- 2 517% 168 37 ~ 488- 1%5 1a4.oto- 595 ~ l2 )- I I I ~ 719 23%1 RES I 4 ~ 814 ~ 355 4 ~ 759% 442 54 '13 lot 47.c 2oe 963-ra- 55 ~ 669-30 ~ 621-7 ~ 991 4 '58 16%8 I 7%9 550 350 COMM IN IN BVS I fL 474 ~ 215-25D 193 ~ 070-256%557 18 ~ 825 693-4 '

el 20 ~ 7 ll- 25% 414- 4 '&3 22 ~ 4 450 C OI4H COMH IN cco OFFC 258%

20ci ~ 601- 221 ~ 237-1 ~

14.e34 lot V4 ~ 412- I I 1 ~ 704- 1 7 e 292 la ~ 3 COMM IN 939% 096- 970 ~ 864- 31 ~ 768 3~4 34 ~ 36d- 44 ~ 94 7- L 0 ~ 579 30 ~ 8 551 COHH OUT BUS I 341 ~ 855 389 ~ 305- 47 ~ 450 13 '

Loe330 27 ~ 745- 1 I ~ 415 49%9 351 COMM Ouf ccOTL 162 ~ 42S- 220 ~ 081 57%653 35 '

L2 ~ SVS OOL- 4a6 3~7 451 CO>4M OUT OFF C 125% 281 1 13 ~ 529 11 ~ 755 9 ~4 a3 ~ 293- 85% 753 22 '60 3S%5 COMM OUT 629% 567- 722 ~ 915- 93 '18 14 ~ S 1 57 ~ 705- 197 ~ 45 l 39 ~ 752 25% 2 C O.'4M L~ 568 ~ 663- I ~ 693%?79- L25 ~ 116 8%0 34%667- 43 ~ 2 l5- a. eos 24 AS 650 IND IN I ND 344 ~ 825- 368% 199- 23 '74 608 34oa67 43% 275 a%boa 24%8 IND IN 344 ~ 825- 368% 199- 23 %374 6%8 33 ~ 732 32 '27 2 ~ 095 6~8 651 1ND OVI I ND 305% 6S6- 239% 105- 66 ~ 581- 2108 3J ~ 732- 32 ~ 827- 2 ~ D95 bea I HD OVT 305% 686- 239 ~ L 05- 660581- 2L ~ 8 o5 ~ 39V- 76 ~ L 02- lo ~ 703 16%4 I ND 6SO ~ 511- 607 ~ 304 43 ~ 207- 606 11 '64 1 7~ 444- 6 ~ 380 57 ' 052 IRRI IN IRRI 1 10 ~ 049 128. 784- I 8 ~ 735 17 ~ 0 11 Oo4- 17 ~ 444- be 380 Sl ~ 7, I RR I IN 10 ~ 049 128%784- 18 '35 17 ~ 0 ll 457

~ 1 15 F 000- 32 ~ 722- l I ~ 722 053 IRRI OUT IRRI 149% 201- 220%658- 457 47%9 15 ~ OJO- 32 ~ l22- 17 ~ 722 I RRI OVT 149 ~ 201- 220% 658 ll ~

~ 47%9 2oo064- 50 ~ Loo- 24 ~ 102 92 ~ 5 IRR I 259 ~ 2 50- 349 ~ 442- 90 '92 34 '

5 ~ boo- 6 ~ 61 0- I ~ 010 LSeo 054 F I RE PROT LN PRIV 56% 000 59% 024- 3 ~ 024 5%4 8%800- 8~ 955- 155 I %8 05d F IRE PROT IN PUUL 88%000- 89 ~ 186- L.tat I~3 14 ~ 400- t So Sae- I ~ t 65 a~I F I RE PROf tN 144 F 000- I 48 ~ 21 0- 4 ~ 210 2 '

7~ 100- 4 ~ 485 2~ 615- 36 AS 055 F I RE PROT OUT PR I V 71 ~ 000- 75 ~ 577- 4 ~ 577 6 '

let 00 0

4~ 485 0

2 ~ 615-0 3boS 057 F LRE PROI'V T F I RE PROT OUT PVUL 76%000- Uoo ll 1- 4 '11 6 '

147% 000 156%288- 9 ~ 288 6%3 21 ~ 500- 20 ~ 050- I ~ 450- 6~ 7 FIRE PROT 291 ~ 000- 304 ~ 498 13 ~ 49S 1~6

FMRSJ430-I 0 R L A N 0 0 U I I L I T I E 5 C 0 H H I 5 5 I 0 N DATE 08/29/80 FINANCIAL HANACEHENT SYSTEM PACE 9 OPERATIONS UUDCEZ FOR PERIOD ENDLNC JVL 1980 CURRENT MONTH YEAR TO DAZE ACZVAL AHT OVFR/UNDER PERCENT DESCRI PZ I ON 8UDCET AHT ACTUAL AHT OVER/UNDER PERCENT SJDCET AHZ bo200 4o 855 345- 6.6 041 SVC FEES IN TEMP CONN 52 ~ 0 00- 17o 880- 1 ~ 120- 7o9 5 ~ 200 4 ~ 855- 345 So6 SVC FEES IN 52 ~ 000- 47o SSO- 4 ~ 120 7e9 1~ 100 3 ~ 905- 195- 4 ' 045 SVC FEES OUT TEHP CONN 41 ~ 000 41 ~ 000 38o 522 38o 522 2 ~ 478 2 ~ 4 7S-6o0 6 '

1~ 100 3 ~ 905- 195 4e8 SVC FEES OUT 9 ~ 300- So 760- 510 5~S SVC FEES 93o 000- 860402- 6 ~ 598- 7ol I ~ 475 I ~ 51 6- 41 0

2 ' 058 072 OVC OVC USE VSE IN IN METR LAKE HICH I 4 ~ 673-0 13 ~ 2S4 0

I o389-0 9e5 0 0 0 0 0 073 OVC USE LN O'I HR WELL 0 0 0 0 0 0 074 OVC USE LN FLSH HAIN 0 0 0 0 0.

0 0 0 075 OVC VSE IN OVHD TANK 0 I ~ 175 I ~ 516 41 2 ' OVC USE IN HEIR 14 ~ 673 0

13e 284 0

1 ~ 3S9-0 9o5 0 0 0 059 OUC USE OUT 0 0 0 OVC USE OUT 0 0 0 I ~ 475- I ~ 516 41 2 ' OUC VSE I 1 ~ 673 1 3o 284- 1 ~ 389- 9oS 7o5 ~ 153 94 9o 780- 184 '27 21 ~ I TOTAL 7 ~ 691 ~ 452 7oS 14o 151- I 22 ~ 699 I~6

0 A L A N 0 0 I I L I t I E S C 0 H H I 5 S I D N DATE OS/29/50 FHHSJ+30 U PAGE IO FINANCIAL MALLAGEHENT SYSTEM CONSUMPI ION UUDGET FOA PLA IUD FNOING JUL !950 CURRENT MONTH YEAR TO DATE OESCRLPI'ION BUDGET CON AC'tUAL CON OVER/UNOFR auocft CON ACtUAL CON OVER /UNDER PERCENT PERCENI'ONSUMPTION ELECTRIC Jl.ora.ooo 36 ~ 0 7 1 ~ 929 006 ~ 071- 2~ 7 00 RESL IN HOME 303>>329>>000 250>>524 '01 22 ~ 804 ~ 799- 7~5 d~ 595 ~ 000 18 ~ 152 ~ a61 1 ~

442 ~ 339- 2 ' 02 RES I IN HVLT RES I 152>> 123>> 000 14 I ~ 0 I 6>> 796 I I ~ 106 '04 '7 ~3 4 '53>>851 1

55l 853 62 ~ 147- 10 ~ 0 22 RESI LN SPEC A 5>> 071 ~ 000 617 149

~ 12 ~ 2 620 F 000 ~

92 '94 1909 5 le 000 46 '91 10>>109 17>> 7 35 RES I IN SPEC B 462>>000 369>>906 Sa>>350 F 000 54 '29 ~ 334 I ~ 520 ~ 666- 2>> 7 RES I IN 460 '85 F 000 426>>364 '54 34>>620>>246- 7>>5 29 '00 F 000 29 ~ 817 ~ 353 41 l>>353 I~4 ol AESI OUT HOHE 240 ~ 517>> 000 220 '00 '94 2 0 e 0 I 6 ~ 4 06- 8>>3

'42 9 ~ 211 ~ 454 30 ~ 546- 3 03 RESI OVT HVLT RES I 75>> 602 ~ 000 67 ~ 314 ~ 445 8 ~ 257 >>555- I i>>0 F 000 9

509>>000 499 '34 9>> lb6-

~

1>>9 23 RES I OVt SPEC A 4 ~ 166 ~ 000 3>>673>>466 492 '34 1108 F 000 4>>688 3 ~ 312- 41 ~ 4 39 RESI OUT SPEC 8 60 F 000 47 '83 12 >>917- 21 >>5 39>> 532 ~ 729 373>> l29 0 RES I OVT 320 ~ 345>> 000 291>>535>>588 28 ~ 809 ~ 412 9>>0 39 ~ 159>> 000 ~ 1 ~

9'09 F 000 94 '62 '63 I ~ 146>>937- 1 ~ 2 RES I 781 ~ 330 ~ 000 717 '00>>342 63 '29 '58- Ss I 13 '34 '00 12 '50 '02 383 ~ 798 2 ' 06 GSND IN 108 ~ 267>> 000 99 '82 '33 8 ~ 784 ~ 367

'84 '67 So 1 13 '34 000 12 '50 202 ~ 3 83 ~ 798- 2 ' CSNO IN LOS 267 000

'98 99>>482>>633 8 252-Se I F

ao 002 ~ 000 5 ~ 924 ~ 133 ll,8al- I ~ 3 07 GSNO OUI'UT 49 F 000 0

46 ~ 609>> 748 0

2 ~ 488 ~

0 5~1 FLAT 6 ~ 002>> OOO 0

5s924 ~ 133 0

77>>567-0 L>>3 GSND GSNO CVT 49>> 098>> 000 46>>609 '48 2 ~ 488 ~ 252 5 '

LV>>23a F 000 18>> 774 ~ J35 461 o 6 65- 2>>4 GSNO 157 ~ 365>> 000 14 6>> 092 ~ 351 L I ~ 272 ~ 619 7~2 0 08 CSD IN OEM 0 0 0

'00 0

e2.dlo.oro 0

519 ~ 930 2 ~ 4 LO 0 IN ENEA 526 '63>>000 503>>990 '92 22 ~ 272 ~ SOS- 4 '

a4 ~ 330 a4 ~ 330 ~ 000 62 ~ 810 ~ 070 1 ~

I ~ 519>> 930- 2~4 G>>S CSO IN 526 ~ 263>> 000 '03>>990 ~ 192 22 ~ 272 ~ SOS- 4 '

0 0 09 GSD OUT O EH 0 0 0 0

20 '64 '28 I ~ 339 '25 6>>9 CSD OUT ENER 158 ~ 086>> 000 167>>078 '80 8 '92 '80 Sel LOS 325 F 000 19 ~ 325 ~ 000 20 'an 528 I ~ 339>>528 a>>9 1 1 CSD OUT 15S>> 086>> 000 167 '78 'SO 5 ~ 992 '80 5~7 83 ~ 474 ~ 898 150 ~ 1 02- 2 GSD 684 '49 000 671 ~ 068>> 872 13 '80 '28 l>>9 83 ~ a55>> 000 o F 0 14 GSD PRL IN OEH 0 0 0 I ~ 420 ~ 000 0

12.162.1rS 0

742 '78 b>>5 16 GSO PRI IN ENER 93>> 41 4>> 000 91 '13 081 2>>200 '19 F 4 1

I 1 ~ 420 ~ 000 12 ~ la2 175 F 742 '78 as 5 GSO PR I IN 93>> 414 ~ 000 91 'L3 F

F 051 2 ~ 200 ~ 919 2 '

0 0 LS CSD PRI OUT OEH 0 0 0 0

8 ~ 935 '00 5 ~ 7 04 ~ 772 230 ~ 228 2 ~ 6 17 CSO PR I OUT ENER 73>> 1 ol ~ 000 73 '69>>731 768 '3L I~ I d>>935 000F 8 ~ 704 '72 230 ~ 228- 2~a GSO PAL OVT 73 ~ I 0 1 ~ 000 73 '69>>731 768 '31 1 ~ I 20 '55 F 000 20 ~ daa>>950 511 ~ 950 2 ' GSO PR I 166 '15>>000 165 '82 F 812 I ~ 432 ~ 18S-2 ~ 837 163 5 ~ 4 20 PRIV STLT IN RES I 26>> 000 28 '97 2 097 8 '

43 3F 000 OOOO 3a>>189 6>>dl 1- 15 ~ 5 24 PRIV S'TLt IN CONN 348>> 000 337 '76

~

10 ~ 124 2 '

0 0 0 3a PRIV SILT IN 5 ECV L I TE 0 0 0 4a.OOa 39 ~ 026 a>>974- 15 ~ 2 PRIV StLt IN 374 ~ 000 3650 973 8 '27 2~ 1 2rs.ooo 199 '02 ld ~ 698 27 ~ 5 21 PRIV SILT OVT AES I 2 ~ 250 ~ 000 I ~ 975>> 653 274 ~ 347- 12>>2 12a>> 000 97 '05 28>> 695- 22 ~ 8 25 PR I V STLT OUT C OHH I ~ 035 ~ 000 960 F 085 74 >>915-

'62 7

40 I ~ 000 29a ~ 607 .104 '93 2be 0 PRIV StLT OUt 3>> 285>> 000 2 '35 '38 349 I 0>>6 44 7 ~ 000 335 ~ 633 I I I ~ Jbr- 24>>9 PRIV STLT 3 '59>>000 3>>301 ~ 71L 357 ~ 289 9>> 8 0

FMHSJ&JO-2 0 R L A N 0 0 u T I L I T I E 5 c 0 H H I 5 5 I 0 N DATE 08/29/80 PAGE 11 FINANCI AL MANAGEMENT SY'TEM CONSVMPT ION VVOCFT FOR PERIOD ENDING JUL 1980 CURRENT MONTH YEAR TO DATE PTI ON BVDCET CON ACTUAL CDN OVER/UNDER PERCENT ctJOGEI COH 2~ 000 ACTUAL CON 500 OVER/UNDER 1 F 500-PERCEN'I 75 ' 30 ESCRI PUBL STLT IN OV HD 1 7e 000 5 ~ 200 ll ~ SOO- 69e4 0

0 0 J2 PUBL srLT IN 4 VAY 0 0 96 ~ 000 56 ~ 234 39 ~ 766 41o4 33 PVSl STLT IN FLOR 78Seooo 61 Se 704 169e296- 21o5 1 ~ 637 ~ OQO I ~ 246 249

~ 390 '51 23 ' 34 PUBL STLT IN HERC 13e 391 ~ 000 12 ~ 527 ~ 430

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F>>>>A$ 0430-2 0 R L A N D 0 U T I L I T I E S C 0 H H I. S S I ON DATE 08/29/80 F t NANCI AL HANACEHENI'YSTEM PACE 12 CONSVHP'1 ION BUDGET FOA PERIOD END INC JUI 1980 CURRENT MONTH YEAR TO DATE SJDCET COH ACTUAL CON OV=R/UNDER PERCENT DESCRt PT ION BVDGET CON ACTUAL CON OVER/UNDER PERCENT CONSUMPTION HATER 219 ~ 130 375 ~ 174 156 '44 7102 050 RESI tN HOME 2>> 181 ~ 807 2>>776>>559 594 ~ 752 27 ~ 3 21 ~ 195 29 ~ OL7 7 '22 36>> 9 150 RES I LN HULT RESI 21L ~ 036 26S>> 955 57 >>919 27>>4 28>>9 82 ~ 500 I 22 ~ 554 40 ~ 054 48>>6 250 RESL IN APHT 821 ~ 425 I ~ 058 F 580 237 F 155 2>> 935 5 ~ 972 3 ~ 037 076 RES I IN SPEC A 29>> 220 39>>237 10 ~ 017 34>>3 326 >>I 87 561 ora RES I LN SPEC 8 3>> 245 5>> 992 2 ~ 747 84 r 326>>086 533 '04 207>>51 8 63 ~ 6 RES I IN 3 ~ 246>> 733 4 ~ 149 ~ 323 902 >>590 2roa 2da ~ 032 365 '39 S7>>d07 32>> 7 051 RES I OUT HOME 2>> 668>> 7 13 2>>517>>610 151 ~ I 03- 5o'F 10 '68 1 I ~ 825 I ~ 457 14 ~ 1 151 RES I OUT HULT RES I 103>> 227 98>> 743 4 ~ 484- 4>>3 d5 ~ 2SF 7'27 7 ~ 970 12 ~ 2 251 RES I OUT APHT 649>> 743 631 ~ 912

'69 17>>S3t 2>>7 3 ~ 051 4 '46 1 ~ 595 52 ~ 3 077 RESI OUT SPEC A 30>>381 28 2 ~ 012 606 late 35 33 2- 5~ 7 079 RES I OUT SPEC 8 347 283 64 1804 346. 743 445 ~ 370 98 '27 28>> 4 RES I OUT 3>> 452>> 411 3 '76>>917 175 ~ 494- bol 672>> 829 97>>L ~ 974 306 '45 45 ' RESL do 699>> I 44 7 '26 '40 727 '96 10>>9 1 28~ >>I 4 8 123 ~ 4 76 5 ~ 3 72- 4>>2 550 COHH IN BUS L 1~ 282 ~ 896 1 ~ 057>> 283 225>>d13 17 ~ 6

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1 7>> 642 33 F 6 551 COMM OUT BUS I 523 F 495 587 ~ 966 64 ~ 471 12 '

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FMRSJ430-2 0 R L A N 0 U U T I L I T I E 5 C 0 M M I 5 5 I 0 N DA TE 08/29/80 I' NANC I AL MANACCMENT SYStEM PACE 13 CONSUMPTtuN UVDEET FOR PERIOD ENDIND JUL 1980 CURRENT MON IH YEAR TO DATC UJOCF I CON f AC UAL CON OVER/UNDER PERCL'Nl' DESCRIPf1 ON OUOOET CON AC f UAI CON OVER/UNDER PERCENT 0 0 044 SVC FEES tN TEMP CONN 0 0 0 0 0 0 SVC FEt'.S I N 0 0 0 0 0 0 045 SVC FEES OUT TEMP CONN 0 0 0 0 0 0 SVC FECS Uuf 0 0 0 SVC FEES 4 ~ 477 3 ~ 444 t ~ 033 23 ' 058 OUC USE IN ME'I R 44 ~ 577 29 '59 14 ~ 918- 33 '

0 57 57 072 OUC USE IN LAKE HIGH 0 354 354 0 2 ~ 993 2 ~ 993 073 OUC USE IN OTHR MELL 0 32 '34 32eb34 0 7 '31 7 ~ 031 074 OUC USE IN Fl SH HAIN -0 67 956

~ 67 o956 0 422 422 075 OUC USE IN OVHD TANK 0 3 '99 3 ~ 899 4,477 13 ~ 947 9 ~ 470 OUC USE IN 44.577 134 '02 89 o925 0 0. 0 059 ~

OUC USE UUT METR 0 0 0 0 0 0 OUC USC OUT 0 0 0 4 ~ 477 13 ~ 947 9e470 OUC USE 44 ~ 577 134 ~ 502 89 ~ 925 I ~ 282m 117 I ~ 685 ~ 894 403 ~ 777 31 ~ S TOTAL I2i 765, 6 I 8 13 ~ 001 ~ 581 235 '63 I~8

FeeHSJ430-I 0 R L A N 0 0 U T I L I T I E 5 C 0 H H I 5 5 I 0 N DATE 08/29/80 FINANCLAL HANACCHENT SYSTEH PAGE 11 OPERATIONS UUDCET FOR PERIOD FNDINC JUL 1980 CURRENT HONTN YEAR TO DATE eIVDs ET AHT ACTUAL AHT OVER/UNDER PERCENT DESCRIPTION BUDGET AHT ACTUAL AHI'VER/UNDER PERCENT ELEC CENR del ~ 1 98 74 ~ 231 5 ~ 736 Se4 500 SVPV *NO ENGR 693e 036 664. 785 2S ~ 251- 4~ I I 51 ~ 631 164 ~ 148 12 ~ 517 8 ' 505 OPNS EXP I ~ 516 ~ 310 I ~ 626 '83 I ID'73 7e3 lo F 857 6 I ~ 665 44, 808 506 RISC EXP 179e 570 757e 530 577 '60 1 ~ 437 I ~ 415 22 I~5 525 RF NT I 4 ~ 370 14. 175 195- I~1 238 '23 301 ~ 4o2 63 '39 26 ' TOTL OPNS 2 '03e286 3 ~ 062e 873 659 '87 27 '

~

10 ~ 32J ~ 750 1'23 '86 264 501 FOSS FUEL 8'92e 500 61 '67 '63 21 ~ 225 ~ 237- 25 ~ '7 21 ~ 000 124 23 ~ 8 76- 5LS NUKE FUEL 187e 000 I 07 ~ 308 79 '92 42 '

10 ~ 347 ~ 750 LO ~ 323e 610 24 ~ I 10 ~ 2 TOTL FUEL 82 ~ 679 '00 61 ~ 374 ~ 571 21 e304 ~ 929 25 '

27 '32 26 '78 554- 2e0 511 MNTC STRUCT 273 ~ 320 260e 011 13 ~ 309- 1~9 LORY 80 ~ 133 21 ~ 157 55 ~ 6 76 69e 5 512 HNT C IILRS STAN 801 ~ 330 652e340 118 ~ 990 18 '

dl 533

~ 132e 082 50 '49 62e0 51 3 HNTC TURB 815e 330 I ~ 191 ~ 380 376 ~ 050 16 ~ I 51 ~ 870 6S ~ 727 16 '5'7 32 ' 514 HNTC HISC PLNT 518 ~ 700 527e 413 Se 713 I~7 12 ~ 010 38e 782 26 '72 526 HNTC NUKE PLNT 120 ~ 1 00 23Le 838 111 ~ 738 93e0 600 136 164 2 7e 3 553 HNTC GAS TURB 26 F 000 28 '32 2 e632 10 ~ I 253 ~ 478 29 I ~ 262 37 ~ 784 14 ~ 9 I OTL HNTC 2 ~ 554 ~ 780 2 ~ 891 ~ 614 336 ~ 831 13e2 839ed51 1'16 '34 76 ~ 6 83 e7 TOTL ELEC GENR 637e 566 67e329e058 20 ~ 308e508- 23e2 7,000 13e255 6e255 89 ' 555 PRCN POVR 70 F 000 I ~ 126 '66 I ~ 056 ~ 066 100 I~0 556 LOAD CONT I ~ 000 I ~ 105 105 10e5 9 '56 I I e 585 I ~ 749 17 ~ 8 565 XHSN SVCS 98 '60 12L ~ 912 23 '52 2 3e.9 10 ~ 85oe587 10 ~ 911 ~ 273 84 ~ 686 ~S TOTL POWR SUPP EXP 87e806 ~ 926 68e578 ~ Lhl 19 '28 '85 21 '

F IRS0430- I 0 R L

• N 0 0 U 'I I L 1 T I E 5 C 0 H H I S S I 0 N DATE 08/29/80 FINANCIAL HANAGENENT SYSTEH PAGE 15 OPERATIONS tiUOGET FOR PERIOD ENDING JUL 1980 CURRENT NONTH YEAR TO DATE BUDGET ANT = ACTUAL AHT OVER/UNDER PERCENT DESCRIPTION BUDGET AHT ACTUAL AHT OVER/UNDER PERCENT ELEC GENR 0 ENVR OLR 1 9 ~ 227 9o968 9o259 48o2 500 SUPV ANO ENGR 200 ~ 326 95o240 105 ~ 086- 52o5 I ~ 649 1 ~ 123 526- 31 ~ 9 506 Nl SC EXP 27o490 42, 433 14 ~ 943 54o4 20 '76 11 ~ 091 9 ~ 7SS 4609 TOTL OPNS 227o 816 1 37o 673 90 ~ 143 39o6 20 '76 1 I ~ 09 1 9 ~ 785 46 ~ 9 TOTL ELEC GENR 227e 816 137e 673 90 F 143 39o6

0 L A N 0 0 U I I L I T I E 5 C 0 H H I 5 5 I 0 N BATE 08/29/80 FHRSQ430-I R PAGE 16 F I NANCI AL HANAGEHENT SYSTEH OPERATIONS BUDGFT FOR PERLOO ENOING JUL 1980 CURREN'I HONTN YEAR TO BATE DESCRIPTION BUDGET AHT ACTUAL AHT ~ OVER/UNOER PERCENT ckJQGET ANT ACI'UAL AHT OVc R/UNOER PERCENT LAKE HIGHLAND PLANT 674 505 500 SUPV ANO ENGR 121 ~ 920 I 160 987 4 ~ 933- 400 12 ~ 192 11 ~ 518 58 ~ 530 54 ~ 750 3 ~ 780 605* 505 OPNS EXP 585 ~ 300 5640 329 200971 3~6 2 '60 80 706 6 ~ 146 506 HI SC EXP 25 '00 41 ~ 992 16 0392 6400 730282 74 '74 1 ~ 692 2 ' T OTL OPNS 7320 S20 7230 30S 90512- I~3 i98.OOO I ~ 1060110 9080110 501 FOSS FUEL 3 ~ 010 ~ 000 4 ~ 9190 457 I ~ 909 '57 6304 198 F 000 I ~ 106 ~ 110 908 ~ I lo TOTL FUEL 30 010 ~ 000 409190 457 I ~ 9090457 63 '

9.OOO 7.787 L ~ 213- L305 5LL HNTC STRUCT 90 ~ 000 74 '26 i5.774- L7 ~ 5 9 '00 I ~ 966 7 ~ 334- 78 ' 512 HNTC BLRS 930000 64 F 443 280557 3007 3 '00 2 ~ 609 591- 18 ' SL3 HNTC TURB 320000 300 537 I ~ 463- 406 L2 F 432 170 Sl I 5 ~ 379 4303 514 NNTC HISC PLNT 124 '20 1250919 I ~ 599 103 600 436 164- 27 ' 553 HNTC GAS TURB 260 000 280632 2 ~ 632 lo ~ 1 34 '32 30 ~ 609 30923- LI ~ 4 TOTL HNTC 3650 320 3230757 41 ~ 563- I 104'5 305 '14 I ~ 21 I ~ 693 905 ~ 879 TOlL ELEC GENR 4 ~ 1080 140 5 '660522 I ~ S5803S2 ~ 2

F orRS Je 30-1 0 R L A N 0 0 U I I L I f I E 5 C 0 M H I 5 5 I 0 N OA 1E 08/29/80 FINANCL AL MANAGEMENT SYSTEM PAGE IT OPERA TIUNS BUDGET FOR PER IOO ENOING JUL 1980 CURRENT MONTH YEAR TO Oh TE dUOGET Ail f AC'fVAL AM I OVER/UNOER PERCENT OESCR I Pf I ON BUDGET AHT ACTUAL AHT OVER/UNDER PERCENT INDIAN RIVER PLANT 34o379 40 ~ 428 6 ~ 049 L7 ~ 6 500 SUPV AND ENGR 343 '90 379e990 36 '00 loe5 8'26 84 ~ S4 7 3 ~ 879- 4e4 505 OPNS E'XP 887e260 978r697 91 ~ 437 L Oo3 6 ~ 148 39 ~ 91 5 33 '67 506 HLSC EXP 61 ~ 480 599o505 538e025 129 '53 165o 190 35 '37 27 ~ 8 TOTL OPNS I ~ 292r 530 I ~ 95$ ~ 192 665 e 662 51 ~ 5 10 '25 '50 9 ~ 21 7 ~ 376 90$ ~ 3 74- 9 ' 501 FOSS FUEL 79 '82o 500 56e347r 806 23 ~ 134 ~ 694- 29e I 10 ~ 125o750 9 ~ 21 7 ~ 376 90So 374- 9o0 TOTL FUEL 79 'S2 F 500 56o347e 806 23 '34 '94 29ot LS ~ 332 IS ~ 991 659 3o6 511 HNTC SfRUCT LS3 ~ 320 185r 785 2 ~ 465 I ~ 3' 70 '33 22 ~ 491 48 ~ 342- 68o2 512 MNTC BLRS 708 ~ 330 587e 897 120 '33 700 78 '33 129o 473 SL ~ 140 65% 3 513 HNTC TURB 783i 330 I ~ 160i 843 377 ~ 51 3 48 ~ 2 39 F 438 50 ~ 916 11.47$ 29 ~ I SL4 HNIC HISC PLNT 394 'SO 401 ~ 494 7 ~ 114 I~8 206 '36 221 ~ $ 7L 1 4~ 935 7 ~2 TOTL HNTC 2 '69 360 2 '36o019 266o659 12o9 10 '61 ~ 939 9 ~ 604 ~ 437 857 ~ 502- So2 'TOTL ELEC GENR 82 F 844 '90 60 ~ 642 ~ 017 22 '02 '73 26 ~ 8

Fot<SJ430-I U R L A N D 0 V T I L I T I E 5 C 0 H H I 5 5 I 0 N DATE 08/29/80 F t NANC I AL HANAGEHEttt SYS TEN PAGE 18 OPEAATI ONS t)VOGET FOR PEAIOO ENDING JVL 1980 CURRENT HONTtt YEAR TO OATE AHT ACTUAL AH I OVEtt/VNOEA PERCENT OESCRIPTION SUOGET AHT ACTUAL AHT OVER/UNOER PEACENT cIUOGCT CRYSI'AL RIVER PLANT 2 ~ 700 12 ~ 320 9 '20 500 SVPV ANO ENGR 27 ~ 000 72. 568 45 '68 4.3 75 24 ~ 551 20 ~ I 76 505 OPNS EXP 43 ~ 750 83 ~ 357 39 '07 9005 6 ~ 500 110921 5 ~ 421 8304 506 Hl SC EXP 6'00 73 '00 8 '00 t302 I ~ 437 I ~ 415 22- I~5 525 RENT 14 ~ 370 14 ~ 175 195- 104 15 ~ 012 50 ~ 207 350195 TOTL OPNS 150 ~ 120 2430 700 93 F 580 6203 24 F 000 124 23 ~ 876 518 NUKE FUEL 1870 000 107 '08 790692 4206 24 F 000 124 23 ~ 876- 7OTL FUEI. tS70000 1070308 790692 42 '

12 ~ 010 3So 782 26 ~ 7 72 526 HNTC NUKE PLNT 120 ~ 100 23l o 838 111 ~ 738 9300 12 ~ 010 38 ~ 782 26 '72 TOTL HNTC 1200 100 231 ~ S38 I I I ~ 73 S 9300 89 ~ 113 38 '91 74 ~ 7 TOI'L ELEC GENR 4S7 ~ 220 582 ~ S46 t25 ~ 626 '27 ~ 5 Sl ~ 022

DATE OS/29/80 FMHSJo 0-I 0 R L A N 0 0 U T I '"L I 7 I E 5 C 0 M M I 5 5 I 0 N PAGF 19 F I NANC I At. MANAGEMENT SYSTEM OPERATIONS SUOGET FOR PER IOO ENUING JUL 1980 CURRENT MONTH YEAR I'0 DATE ACTUAL AMI OVER/UNOER PERCENT OESCRIPT ION SUOGET AHT ACTUAL AMT OVER/UNOER PERCENT dVDGET AMT ELEC XHSN L I~ I I0 I I ~ Sd9 459 4 ~ I 560 SUPV ANO ENGR 111 ~ 276 132 '63 20 'S7 18>>9

~6.125 25 ~ 3d I 764 2>>9 Sdl LOAO Ol SP 261 ~ 2SO 261>> 719 469 e2 Dl ~ 236 36>> 930 305- ~ 8 TOTL OPNS 372>> 526 393>>982 21 '56 5>>8 4 F 530 14. 148 9 ~ 648 569 HNTC 45>> 000 441,286 399>>286 SZRUCI'70 it >>200 36 F 008 5~ L 92- L2% 6 HNTC STAT EOPT 412>> 000 389>> 457 22 ~ 543- 5>>S 10 ~ 974 11 ~ 719 745 6~S 573 HNTC MISC PLNT 109>> 740 123>> 046 13>>306 12e1 ea>>674 61 ~ 875 5 ~ 20L 9>>2 TOIL HNTC 566>> 740 956>> 7S9 390 ~ 049 68>>8 93 '09 98>> 805 1 ~ 896 5>>2 TOTL ELEC XHSN 939>> 266 I ~ 350 771

~ 411 >>SOS 13 ~ 8

F HRS04 JO- I 0 R L A N 0 0 V T I L I T t E 5 C 0 H H I S S I 0 N DATE 08/29/80 F INANCIAL HANACEHENT SYSTEH PAGE 20 OPERATIONS UVOGET FOR PERIOD ENDING JUI 1980 CURRENT HONTN YEAR TO DATE SJOGEI ANT ACTUAL ANT OVER/UNDER PCRCENT DESCRIPTION BUDG'ET AHI'C'TUAL AHT OVER/UNDER PERCENT ELEC DIST O60746 44 ~ 903 21 ~ 843 32 ~ 7 580 SVPV AND ENGR 6670 670 5380 287 1290383 1 904 38 '46 32 ~ 599 6 '47 1601 583 OVHD LINE EXP 3SB ~ 660 2980 665 890995 . 2302 27 '52 30 'SO 3 '28 Ll ~ 0 584 VGRO LINE EXP 274 ~ 520 196 ~ 073 800447- 290L 140853 3 ~ 777 I ~ 0 76- 7~2 588 HISC EXP 14S ~ 630 LBL~ 011 32 'St 21 ~ 8

'S L

148 ~ 097 I 21 ~ 959 26 ~ 13$ 17.6 T OTL OPNS I ~ 4$ ~ 480, 1 10214 ~ 036 2670444- ~ I 3 ~ 970 3 ~ 878 92- 2~3 590 SUPV ANO ENGR 390 700 390 191 509 I ~3 42 F 500 450 56S 30 06S 7 ~2 593 HNTC OVND LINE 4250000 468 ~ 286 43 '86 10 ~ 2 ll 000

~ 150483 I ~ 483 I 006 591 HNTC UGRD LINE 140 F 000 1700737 300737 2200 4 ~ 300 50 513 I ~ 213 28e2 595 HNTC LINE XFHR 43 F 000 720 934 29 '34 6906 90000 9 ~ 663 663 704 596 HNTC ST LITE 90 F 000 I 160 396 26 '96 2903 190349 17 ~ 154 20 195- 11 ~ 3 597 HNTC HTRS 193 F 490 180 ~ 64S 12 '12 606 37 F 455 41 ~ 871 4~ 416 11 ~ 8 59S HNTC HISC PLNT 374 '725 4240 273 190548 13 '

130 '74 I 39 ~ 130 8 '56 6 ' TOTL HNTC . I ~ 3050915 I ~ 472 ~ 465 1660550 12 ~ 8 278 ~ 671 261 ~ 089 17 ~ 582- 6' TOTL ELEC DIST 2 '87 '95 206S60 501 100 '94 306

I Mols ho 30 I O'RL AN DUUTLL I T I ES CON FINANCIAI MANAGFMENT SYSTEM H I SS I ON DATE PAGE 08/29/80 21 OPERAtlONS UUDGET FOR PERIOD ENDING JUL 1980 CURRENT MONtH YEAR TO DATE SUD Er AMT ACTUAL AMI OVER/UNDER PEACENT DESCRIPTION OUDGET AHT ACTUAL AMI'VER/UNDER PERCENT VATR PROD 38 ~ 456 37 ~ 04 I I ~ 41S 3o7 600 SUPV AND ENGR 384o 560 383o 938 622>> o2 3 ~ 581 4~ 225 644 18 ~ 0 603 HISC EXP 35 OSLO 3So466 344- I~0 30.060 45 ~ 819 15 ~ 759 52 ~ 4 621 POwA FOR PROD RW 300%600 322oh35 2lo935 7o3 32 F 000 48 '96 16,296 50 ~ 9 623 PQVR FOR PROD TA 320 F 000 320 ~ 966 966 o3 627 RENT 9 ~ S00 19 ~ 104 9 ~ 604 641 CHEM 95o 000 I 09 ~ 355 14o355 I so I I 13 ~ 597 154 ~ 485 40 '8S 36 ~ 0 tOtL OPNS I ~ 135o 970 I ~ 172 ~ 260 36 '90 3o2 I ~ 950 I ~ 023 927 47 ~ 5 63L MNTC PUMP STRUCT 19 F 500 17o 808 I ~ 692 8 '

6.6 75 7 ~ 404 729 LO ~ 9 633 MNTC PUHP EOPT 66 F 750 83o 366 16 '16 24 ~ 9 I ~ 750 238 I~ 512- 86 ' 65 I MNTC T MNT STAUCT 17 ~ 500 3 ~ S15 13 ~ 685- 7' 6 '60 4~ 269 I ~ 791 2906 652 MNTC THNT EOPT 600 600 75o258 14 ~ 6SS 24o2 625 2~ 314 I ~ 689 672 HNTC STOR PLNT 306o 250 141 '29 L64 ~ 82L 53 '

1'60 15 ~ 24S I ~ S12- 1006 TOTL MNTC 470 ~ 600 321ob76 14'24 3 1 o6 130 F 657 169 ~ 733 39 ~ 076 29 ' TOTL WATR PROD I ~ 606 ~ 570 I ~ 493o936 I 12 ~ 634- 7 '

0 L 0 0 U O' L I T I E 5 C 0 H H I 5 5 I 0 N OATE 08/29/80 FMRS0430 I R A N PAGE 22 FINANCIAL MANAGEMENT SYSTEM OPERATIONS OUDGET FOR PERIOD ENOING JUL 1980 CURRFNT MONTH YEAR TO OATE cLJOGET AMT *CfUAL AMf OVER/UNOER PERCENT OESCR I PT I ON BUDGET AHT ACTUAL AMT, OVER/UNOER PERCENT MATR DIST 1 t ~ 240 14 ~ 209 2 ~ 969 26 ~ 4 660 SUPV ANO ENGR 120 '26 106 '03 14 ~ 023 11 ~ 7 665 MISC EXP Lt ~ 240 14 ~ 209 2 '69 26 ' I'0'fL OP NS 120 '26 106o003 I 4 ~ 023- I lo7 S.t06 6e 445 339 Se6 670 SUPV ANO ENGR 64 '76 67e 340 2 ~ 464 3 '

38 '13 5'05 19e 492 50 ~ 2 673 MNfC MAIN 538 ~ 013 549o324 Lt ~ 311 2ot 24 '0J 16e 343 7 ~ 657 31 e9 675 MNTC SVCS 22$ o 700 215e 6SO 10 '20 F 4 I ~ 503- Se3 676 MNI'C HTRS I '76e 47S 174e 147 2 ~ 331- te3 18 ~ 020 1Oe 51 7 4 ~ 400 4~ 333 67 I e5 677 MNTC HYOR 49 F 850 62e390 12e540 25o2 91 ~ 339 101 ~ 943 I 0 ~ 604 I lo6 T OTL MNTC I ~ 054e 917 I ~ 068e 881 13 ~ 964 lo3 102 ~ 579 I lao 152 I 3 ~ 573 13 ~ 2 TOTL IIATR OIST I ~ 174e 943 I ~ I 74 ~ 884 59-

FookS Jl JJ I 0 R L A N 0

0 0 u t I L I t I E S C 0 M M I S S I 0 N DATE 08/29/80 FINANCIAL 4ANAGEMENI SYSIEH PAGE 23 OPERAtIONS UUDGET FOR PERIOD FHOING JUI. 1980 CURRENT MONtN TEAR TO DATE SJOGE'f Aolt ACTUAL AM t OVER/UNDER PERCENT OESCR1 Pf 1 OH SUOGET AMf ACTUAL AMt OVER/UNDER PERCENT CUST ACCT 37 ~ 237 33o 855 3o382- 9o1 901 SUPV AND FNGR 372o 578 360o 245 12o333- 3o3 57 ~ 371 '55o 433 I ~ 93$ - 3o4 902 METR READ EXP 573. 680 56'88 12 ~ 392 2o2 72o912 64 '57 8~ 155- I lo2 903 CUST RECS 729o 142 722 '47 7 ~ 095- 1 ~0 25 F 000 20 F 000 5 ~ 000- 20 ' 904 SAD DEBT 250 ~ 000 200 F 000 50 F 000 2000 1 ~ 176 I ~ 339 163 13o9 905 MISC EXP 12o 100 1 I ~ 404 696- 5o8 193 '96 175o 384 18 ~ 3I2- 9o5 TOLL CUST ACCT I ~ 937 ~ 500 I ~ 854 '84 82 ~ 516 4o3

FHRS0430-I OR LA NOD f

U't I L. I T I E5 CDHH INANCI AL HANAGEHFNT SYSTEH I SS I ON DATE PAGE 08/29/80 24 OPERATIONS BUDGET fOR PERIOD ENDING JUL 1980 CURRENT HONTN YEAR TO DATE 8JOGEt ACT ACTUAL. ANT OVER/UNDER PERCENt DESCRIPTION BUDGET AHT ACTUAL AHT OVER/UNDER PERCENT HKTG 1'42 9 ~ 241 801- 8~ 0 911 SUPV AND ENGR 100 ~ 420 97o 509 2 ~ 91 I- 2 '

894 I ~ 424 530 59+3 9L2 DEHO EXP 8 ~ 940 11 ~ 716 2 +776 31 ~ I 0 913 ADV EXP 15 11 2607 916 HISC EXP L50 LOS 45 30 ~ 0 10 ~ 9SL I 0 ~ 676 275 2~5 TOTL. HKtG 109 ~ 510 109 '30 180 02

F H RS04 JO- I OR L AND OUT I F

L I T I ES CO HM I INANCI AL HANAGEHENT SYSTEM SS I ON DATE PAGE 08/29/80 25 OPERATIONS BUDGET FOR PFR IOD ENDING JVI 1980 CURRENT MONTH YEAR TO DATE BUDa ET AHT ACTUAL AMT DYER/UNDER PERCENT OESCRI PI' ON BUDGET AHT ACTUAL AHT OVER/UNDER PERCENT GEOL ADHN thB>>947 144 ~ 60 7 t4 ~ 340- 9>>0 920 SVPV AND ENGR I ~ 601 ~ 770 I F 507 286 94 ~ 484 5>>9 4 I ~ 998 44 ~ 282 2 '84 5>>4 921 OFF SUPP 424>> 375 4190 170 5 ~ 205- I~2 33 '50 8>> 050 25>> 500- 76.0 923 OVI'5 SVCS 3530 200 271 ~ 981 Bl ~ 219- 23 '

74 F 000 67>> 04 7 8>>953- 11 ~ 8 924 PROP INS 7600 000 681 ~ 912 78 F 088 10 ~ 3 31>>140 26>> 839 4>> 301- 13>>8 925 INJ ANO OHGS 309 '45 149>> 802 159 ~ 443 51 6 6>>779 14 ~ 837 Bo 058 926 EHPL BENE I ~ 255 60 ~ 155 61 ~ 410-5 F 154 0 ~ 758 I ~ 604 31 ~ I 930 H ISC EXP 51 ~ 552 40>> 813 9 >>261 1800 931 RENT 353 ~ 568 312 ~ 420 41 ~ I 48- II ~ 6 TOTL OPNS 3 '01 '97 3>>030>>809 470.588- 13 ~ 4 12'53 124 ~ 252 I ~ 799 1 ~ 5 932 HNTC GENL PLNT I 224 '45

~ I ~ 286>>276 61 ~ 73 I 5~0 122 '53 124 ~ 252 I ~ 799 I~5 TOTL MRTC I ~ 224 ~ 545 1 ~ 286 '76 61 >>731 5 '

4 76 ~ 021 436 ~ 672 39 '49 8>>3 TOTL GENL ADMN 4 ~ 725>> 942 4>>317>> 085 408 ~ 857- Bo7

FHRS0430-I 0 R L A N D 0 U T I L I T I E 5 C 0 H H I 5 5 I 0 N DATE 08/29/80 F I NANCIAL HANAGEHENT SYSTEH PAGE 26 OPERATI ONS UUDGET FOR PERIOD ENDING JUI 1980 CURRENT HONTN YEAR TO DATE BUDGET Akf ACTUAL AHT OVFR/UNDER PERCENT DESCRI Pf I ON BUDGET ANT ACTUAL AHT OVER/UNDER PERCENT 525 F 000 553>>950 28 '50 5>>5 403 ELEC DEPN 5 '50 F 000 5>>482 ~ 219 232 ~ 219 4>>4 20 ~ I 1 43 ~ 699 rt F 500 $ 7 ~ 154 is.es4 21>>9 403 VATR OEPN 715 F 000 85$ >>699 187>>454 t2 ~ 454 7>> I Ir.sao 20>> 389 2>>889 16>>5 403 CONN OEPN 175>>000 5>>234 I ~ 676- 24>>3 691 524 167- 24>>2 406 ELEC AHOR de 910 0 0 0 40S VATR AHOR 0 0 0 0 0 0 406 COHH AHOR 0 0 0 119 ~ 183 10 7 ~ 076 12 ~ I 07 10>>2 408 Sl'AT UTIL TAX I ~ 091 ~ 742 I ~ 118>>84$ 27>>106 2es 309>>583 19>>800 363>> 120 26>> 061 53 ~ 537 6>> 261 if 3 31 6

~

~

408 408 CITY CITY SUPP XFR EL SUPP XFR VA 2>>835>> 858 226>> 000 2>>771 ~ 250 216>> 524 64>>608 9 '76 2>>3 4~2 2r.286 32>>870 5 ~ 584 20>>5 408 CNf Y PNT ELEC 253>>945 244>>273 9>>d 72 3>>8 36>>000- 0 36>> 000 412 LEAS PI.NT REV 244>> 800- 79>> 778- tds ~ 022- 67>>4 990 990 413 LEAS PUNT RENT 9 ~ 900 5>>940 3 ~ 960- 40>>0 4 '38 0

0 4 ~ 638- 413 LEAS PLNT OEPN 46>>380 27>> 829 18>>551- 40 '

0 '0 0 413 LEAS PLNT HNfC 0 0 0 S42 F 000 290 '22 351 ~ 4 78 si. r 419 INTR INCH 5>> 173>> 000 300 ~ 000-4 '62>>070-781 ~ 496-510>>930 481 F 496 9>>9 30 F 000 61 ~ 393 31 ~ 393 421 NON OPNS INCH 2>>100 29 '25 27 225 426 NON OPNS EXP 21 ~ 000 $ 7>>931 66 '31 774 '40 sri. 408 203>>332- 26>>2 427 BOND INTR 1978 7>>747>> 400 5>> 714 ~ 079 2 '33 ~ 321 2602 0 202 '23 202>>023 427 BOND INTR 1978* 0 2 '20 ~ 233 2 ~ 020 >>233 0 30 '97 30>> 997 427 BONO INTR 19788 ~ 0 30 ~ 997 30 '97 0 0 0 42'7 BOND INTR 1980 0 0 0 0 I ~ 373 I ~ 373 428 BONO DISC AHOR 0 13 ~ 735 13 ~ 735 11 ~ 000 12 ~ 41 7 1 ~ 417 12 ~ 9 431 OTNR INTR EXP 110>> 000 105>> 003 4 '97 ios 653 F 500 558>> 400 95 ~ 1 00 14 ~ 6 437 XFR TO CITY 6 ~ 346>> 000 5>>584 '00 761 ~ 800 12 ~ 0

ST. LUCIE UNIT ¹2 PARTICIPATION AGREEMENT

TABLE OF CONTENTS PAGE Section Definitions Section 2 Ownership and Entitlement Section 3 Energy Entitlements 15 Section 4 Capability Entitlements Section 5 Conveyance of Interest in St.

Lucie Unit No. 2 Section 6 Responsibility for Costs 20 Section 7 .Accounting for Costs Section 8 Closing Section 9 Payment of Current Costs Section 10 Accounting And Auditing 63 Consultation Among the Owners 66 Section 12 Scope of Company's Authority 71 and Discretion Section 13 Design and Construction Section 14 Regul'atory Licenses,and Approvals 76 Section 15 Operation and Maintenance 78 Section 16 Planned Capital Improvements 81 Section 17 Nuclear Fuel 83 Section 18 Decommissioning and Disposal Section 19 Provision for Decommissioning Costs 95 Section 20 Limited Purchase Option for Participants 96

TABLE OF CONTENTS (Continued)

PAGE Section 21 St. Lucie Site and Common Facilities 99 Section 22 Inventories and Related Facilities 101 Section 23 Execution of Contracts 102 Section 24 Generally Accepted Electric Utility 103 Practice Section 25 Liability and Indemnification 104 Section 26 Insurance and Uninsured Losses 107 Section 27 Relationship of Owners

.Section 28 Waiver of Partition 116 Section 29 Destruction, Damage or Condemnation 117 Section 30 Creation of Security Interests 119 v

Section 31 Transfers 120 t

Section 32 Provisions for Completion of Construction 124 r Section 33 Default 125 Section 34 Payment 131 Section 35 Notices 132 Section 36 Resolution of Disputes 133 Section 37 Severability of Provisions 134 Section 38 Complete Agreement 135 Section 39 Applicable Law 137 Section 40 Term of Agreement 138

TABLE OF CONTENTS (Continued)

PAGE Section 41 Representations 139 Section'2 Miscellaneous

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ST. LUCIE UNIT NO. 2 PARTICIPATION AGREEi41ENT Florida This Agreement Power & Light made as Company of,

(" Company" ) and 1980, between the Orlando Utilities Commission, a statutory, commission under the laws of the State of Florida (" Participant" ).

WITNESSETH THAT:

WHEREAS, Company is constructing a nuclear generating unit, to be called St. Lucie Unit No. 2, at a site on Hutchinson I

Island, in St. Lucie County, Florida; and WHEREAS, Company has undertaken to obtain and has

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'eceived from the Nuclear Regulatory Commission under NRC Docket No. 50-389 a permit to construct St. Lucie Unit No. 2; and WHEREAS, Company and Participant have negotiated the terms and conditions of this Agreement, and Company is willing to sell and Participant is willing to purchase ownership rights in St. Lucie Unit No. 2, all in accordance with the terms of this Agreement; and

WHEREAS, the Company and the Participant desire to r establish the terms and conditions of their individual ownership as tenants in common of St. Lucie Unit No. 2 and their partici-pation in and share of the cost of the acquisition, planning, design, construction, 'operation, maintenance, insuring, licen-sing, renewal, replacement, decommissioning and disposal of. St.

Lucie Unit No. 2.'

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Company and the Par-ticipant agree as follows:

1.~ Definitions

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1.1 "AFC" means an allowance for the cost of Company's capital computed by means of a rate (the "AFC rate") calculated from time to time by the same. method as the method of calculation approved by the Plorida Public Service Commission for Company for computing its allowance for funds used during construction, a' adjusted hereafter. Subject to the adjustments hereafter described in this Section 1.1, the AFC rate, as calculated, is shown through 1979 in Exhibit VX. (The AFC rate is not factored down to reflect the effect of construction work in progress in Company's retail rate base) . AFC or the AFC rate from time to time (including the rates shown in Exhibit VX) will be adjusted as follows for purposes of this Participation Agreement:

(i) the resulting AFC shall not be compounded prior to the effective date of Federal .Power Commission Order No. 561, but shall be compounded on and.after the effective date of Order No. 561, January 1, 1977, in accordance with Order No.

561, the first, such compounding to take effect=on'uly 1, 1977; (ii) the resulting AFC shall be grossed up to pay P

Federal and Florida income taxes.(less deferred taxes related to APC recorded on the Company's books properly allocable to property covered under this transaction) actually incurred by Company as a result of the sales contemplated by this Participa-tion Agreement.

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1.2 "Available Net Generating Capability" means the ca-( pability of St. Lucie Unit No. 2 to produce power at any time af-ter Firm Operation, less Station Service Requirements, taking in-to account limitations imposed by any governmental agency. Meter-ing for this power will be located at the generator terminals and at the low side of its step-up, auxiliary and start-up transform-ers and appropriately adjusted for losses in these transformers.

1.3 "Capital Improvements" means the addition of any Unit of Property (as described in the Federal Energy Regulatory Commission's "Units of Property for Use in Accounting for Addi-tions and Retirements of Electric Plant," Title 18, Chapter 1, Part 116, Code of Federal Regulations, as such may be amended or superseded from time to time), the addition of any land or land right, or the replacement, enlargement or improvement of any Unit of Property, land or land right which, in accordance with Com-pany's accounting practice, is capitalized.

1.4 "Common Facilities" means those facilities at or contiguous to the St. Lucie Site only, that are: (i) owned by Company, and also (ii) necessary or useful to the operation of St. Lucie Unit No. 2 and one or more other units- at the St. Lucie Site, including but not limited to those facilities set forth in Exhibit I, but excluding Related Facilities and transmission and switch yard facilities.

1.5 "Common Major Spare Parts" means the major spare parts which are capitalized by Company but not designated solely

to St. Lucie Unit No. 2 or to any other unit owned in whole or in S

part by the Company and which are interchangeable with, equivalent parts'of St. Lucie Unit No. 2 and at least one other unit owned in whole or in part by the Company. Company shall provide Participant with an initial list of Common Major Spare Parts prior to test operation of St. Lucie Unit No. 2 and shall update

'the list from time to time as necessary, at least annually if requested.

1.6 "Economic Life" of St. Lucie Unit No. 2 means the life over which operation of St. Lucie Unit No. 2 is economically justifiable when compared to other alternative sources of power and energy, as re-evaluated from time to time in accordance with Generally Accepted Electric Utility Practice.

1.7 "Energy" means energy measured in kilowatt hours (kwh) .

1.8 "Estimated Useful Life" of St. Lucie Unit No. 2 means the life over which St. Lucie Unit No. 2, by virtue of equipment design, is anticipated to operate, as re-evaluated from time to time in accordance with Generally Accepted Electric Utility Practice.

1.9 "Pirm Operation" commences for St. Lucie Unit No. 2 as of 12:01 a.m. the day .after one of the following conditions is met:

a. Satisfactory continuous operation for 100 hours0.00116 days <br />0.0278 hours <br />1.653439e-4 weeks <br />3.805e-5 months <br /> at 99 percent or greater of licensed reactor power;

b. Satisfactory continuous operation for 100 I

hours within 1 percent of any lower reactor power level, but no less than 60%, limited by regulatory or other operating restrictions expected to extend beyond 30 days; c.. Satisfactory continuous operation for 100 hours0.00116 days <br />0.0278 hours <br />1.653439e-4 weeks <br />3.805e-5 months <br /> at a power level below licensed reactor power level such that Company has reasonably determined, after consultation with Participant, that St. Lucie Unit No. 2 and its auxiliary eguipm'ent has operated at sufficient power levels to insure that St. Lucie Unit No. 2 is reliable for continued operation at such power level and that there are no significant deficiencies that would adversely affect such operation.

1.10 "Generally Accepted Electric Utility Practice" at~

a particular time means any of the practices, methods and acts (including but not limited to the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry prior thereto) which, in the exercise of reasonable judgment, in light of the facts known at the time the decision was made, would have been expected to accomplish the desired result at a reasonable cost consistent with reliability and safety. Generally Accepted Electric Utility Practice is not intended to be limited to the optimum practice, method or act, to the exclusion of all others, but includes any other.

practices, methods or acts which can be reasonably expected to accomplish the desired result at a reasonable cost consistent with reliability and safety.

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L~ 1.11 "Initial Payment" for any Owner means the payment described in Section 8.

1.12 "Insurance Costs" mean "any costs which Company may incur from 'time to time pursuant to Section 26 in order to obtain, maintain or terminate insurance or as the result of an agreement necessary to obtain, maintain or terminate insurance, including any deductible, self-insured or uninsured loss; regulatory, inspection or insurance fees or penalties; fees for governmental or other indemnity agreements; surety bonding costs; assessments; and retrospective and other premium costs.

1.13 "Mw" references are to megawatts electrical.

1.14 "Net Energy" means the gross energy generated over any period of time by St. Lucie Unit No. 2, less its S ation Requirements and its step-up, auxiliary and start up 'ervice transformer losses.-

1.15 "Net Investment" means an Owner's actual capitalized investment less accumulated depreciation. For purposes of determining an Owner's Net Investment, the Company's practices for determining whether to capitalize certain items and straight line depreciation rates and practices {including an allowance for negative salvage) shall be used, except that an allowance for the cost of Company's capital at the AFC rate shall be used in place of the allowance for funds used during construction attributable to St. Lucie Unit No. 2 and otherwise capitalized by Company.

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1.16 "Nuclear Regulatory Commission" means the United States Nuclear Regulatory Commission or its successor.

1.17 "Owner" or "Owners" means the Company, the Parti-cipant and those transferees which hold undivided ownership interests in St. Lucie Unit No. 2 by virtue of any transfer by Company pursuant to Section 2 or any transfer pursuant to any of Sections 14 [Regulatory Licenses and Approvals), 31 -[Transfers',

32 [Provisions'for Completion of Construction'J or 33 [Default],

or pursuant to the exercise of a security interest created by an Owner pursuant to Section 30 [Creation of Security Interestsl, unless the context otherwise requires.

1 1.18 "Ownership Percentage" means the percentage of undivided interest in St. Lucie Unit No. 2 owned by an "Owner."

1.19 "Participation Costs" has the meaning set forth in I

Section 6.

1.20 "Parties" means the signatories to this Partici-pation Agreement, including signatories to counterparts of this Participation Agreement.

1.21 "Power" means megawatts electrical (Mw).

1.22 "Prime Rate" means during any calendar month the rate per annum reported in the Money Rates column of -the Wall Street Journal on the last business day of the preceding month as the "PRIME RATE: The charge by large U.S. money center commercial banks to their best business borrowers", and the highest such rate if more than one is reported. Similar data

from The N.Y. Times may be used if the Mall Street Journal is not published that day.

1.23 "Project" means St. Lucie Unit No. 2 together with the St. Lucie Site, Common Facilities and Related Facilities.

1.24 "Related Facilities" means those facilities lo-cated in whole or in part outside the Unit Site which will be constructed and owned by Company for the use of St. Lucie Unit No. 2, in whole or in part, as follows: (a) waste disposal, facil-ities, radiological facilities, and inventory and equipment stor-age facilities, all of which Company may designate as "Related Facilities" from time to time in the exercise of its reasonable discretion by notice to the Owners; and (b) other facilities as Company may designate as "Related Facilities" from time to time in the exercise of its reasonable discretion by notice to the Owners.

1.25 "St. Lucie Site" means the land now owned by Com-pany and shown on Exhibit IX hereto comprising approximately 340 acres on Hutchinson Xsland in St. Lucie County, Florida, on which St. Lucie Unit No. 2 is now located, as well as any additional land acquired under Section 21.

1.26 "St. Lucie Unit No. 1" means the nuclear genera-ting unit with a presently estimated net capability of 777 Nw now located on the St. Lucie Site, and facilities ancillary thereto.

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1.27 "St. Lucie Unit No. 2" means the nuclear gener-ating unit to be constructed on the Unit Site (as defined in Section 1.31) with a presently estimated net. capability of 802 Mw together with additions, improvements', renewals and re-placements thereto, or any replacement or reconstruction thereof pursuant to Section 29, including the nuclear steam supply system, its containment, the turbine generator, start-up trans-formers, sta'tion service transformers, step-up transformers, auxiliary transformers and all auxiliary structures and other systems or facilities located on the Unit Site. The estimated net capability of St. Lucie Unit No. 2 may materially differ upon operation from that set forth above and NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACTUAL NET CAPABILITY OF ST.

LUCIE UNIT NO. 2.

1.28 "Seasonal Net Capability" means the net capability rating of St. Lucie Unit No. 2 as established from time to time by the Company for summer (June-September) spring/fall (April, May, October and November) and winter (December-March) in accord-ance with the method described and illustrated in Exhibit V.

This method is presently applied uniformly to a11 nuclear gener-ating units operated by the Company. This method may be changed by the Company from time to time, so long as such method, as changed, applies uniformly to all nuclear generating units oper-ated by the Company. The Seasonal" Net Capability so established is in conformance with the general guides and testing procedures

(. in Sections III and IV, respectively, of the Southeastern Electric Reliability Council Guideline No. 2 for Uniform Generator Ratings for Reporting, dated February 1972, as amended October 1978.

1.29 "Station Service Requirements" means the Power and Energy required during any period for operation of all equipment and systems (including an allocable portion of the Power and Energy used for Common Facilities) used or useful in connection with the start-up, operations, shut-down and maintenance of St.

Lucie Unit No. 2.

1.30 "Uniform System of Accounts" means the Federal Energy Regulatory Commission's "Uniform System of Accounts Pre-scribed for Public Utilities and Licensees (Class A and Class B)," in effect as of the date of this Participation Agreement,

< or as such System'of Accounts may be modified by the Federal Energy Regulatory Commission from time to time. References in thi;s Participation Agreement to a "FERC Account" or to any specific Account Number shall mean the Account Number in effect as of the date of this Participation Agreement or any successor Account.

1.31 "Unit Site" means the portion of the St. Lucie Site described in the legal description contained in Exhibit III .

1.32 "Willful Action" is action knowingly or intentionally taken or not- taken by an officer or employee of an

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Owner exercising managerial responsibility at a senior level

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with either the intent to cause injury or damage to another or

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the knowledge that such action is a material breach of the pro-visions of this Participation Agreement. Willful Action does not include action taken in good faith in connection with carrying out responsibilities to protect property, personnel or the public safety.

2. Ownershi and Entitlement Upon closing the Parties will own undivided interests in

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the Unit Site and. in St. Lucie Unit No. 2 as follows: Company's Ownership Percentage will be 93.91049 subject to diminution as set forth herein; Participant's Ownership Percentage will be 6.08951%. All rights in the Unit Site and in St. Lucie Unit No.

2 will be owned and held by the Owners as tenants in common without right of partition, as provided in Section 28. Company

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will retain all ownership rights in the St. Lucie Site (except for that portion thereof which comprises the Unit Site) and in the Common Facilities, Related Facilities and inventory.

Effective from and after closing, and conditional upon closing, Company by this Agreement grants Participant a non-exclusive easement for the use of the Common Facilities and a nonexclusive easement for the use of that portion of the St. Lucie Site necessary or useful to the operation of St. Lucie Unit No. 2 and the Common Facilities insofar as said use is necessary or use-ful to the operation of St. Lucie Unit No. 2. The use of said c easement .is- subject to all of the terms and conditions of this Agreement, and in the event of any conflict between any terms and conditions of this. Agreement and any express or implied rights arising from this grant of easement, then the terms and conditions of this Agreement shall govern. Express'reference to this grant of easement shall be made in the Special Warranty Deed and Bill of Sale to be delivered to Participant at closing.

transferred or may transfer portions of its I Company has Ownership Percentage to other electric utilities pursuant to one or more counterparts to or agreements similar to this Participation Agreement, whereupon such transferees shall become Owners to the extent of the Ownership Percentage transferred.

Company shall give prior notice of any such future transfers to.

Participant.

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3. Ener Entitlements.

I, Each Owner shall be entitled to its Ownership Percentage of the Net Energy of St. Lucie Unit No. 2 from and after the date of closing. Metering for this energy will be located at the .generator terminals and at the low voltage side of its step-up, auxiliary and start-up transformers and appropriately adjusted for losses in these transformers. Each Owner's Ownersh'ip Percentage of the Net Energy shall be delivered to Company for the Owner's account at the high voltage terminals of the generator step-up transformers of St. Lucie Unit No. 2. Deliveries will be determined at the time of delivery in accordance with Company s scheduling'ractices.

Differences between deliveries so determined and actual Net Energy will be determined after the fact on a monthly basis, and Company will adjust deliveries in the following month or as soon V thereafter 'as practicable, to correct for any such differences, so that Participant will receive,. as nearly as possible, the exact amount of Net Energy to which it is entitled.

4. Ca abilit Entitlements Each Owner shall be entitled to its Ownership Percentage of the Available Net Generating Capability from and after the date of closing. Company shall, from time to time, determine the Seasonal Net Capability of St. Lucie Unit No. 2 pursuant to Section 1.28 and shall notify each Participant of such determination and of any changes in its Seasonal Net Capability entitlement. Seasonal Net Capability will be used by the Parties for purposes of interchange and other power supply transactions. The operating level used pursuant to Section 1.9 to,determine, Firm Operation will initially serve as the Seasonal Net Capability.

5. Conve ance of Interest in St. Lucie Unit No. 2.

At the closing following execution of this Participation Agreement, as set forth in Section 8, and subject to the approval of all requisite authorities, Company shall convey and transfer by separate Special Warranty Deed and Bill of Sale to Participant its Ownership Percentage of title, in fee simple, -to St. Lucie Unit No. 2 and the land included in the Unit Site. Said Special Warranty Deed and Bill of Sale shall be substantially in the. form of Exhibit IV hereto. It is agreed, however, that Company shall have and retain such. authority to determine all activities (in-cluding exclusion and removal of personnel and property from the St. Lucie Site) as it deems necessary to qualify the St. Lucie Site as an "exclusion area" (or to meet any similar requirement) for any unit located on the St. Lucie Site for the purpose of the Atomic Energy Act of 1954, as amended (or comparable legislation) t and regulations thereunder, or to comply with any other appli-cable government requirement or reasonable safety requirement.

Company's interest in St. Lucie Unit No. 2, the Unit Site and Common Facilities may be subject to the terms and conditions of that certain Installment Purchase and Security Contract (the '"Purchase Contract" ) between St. Lucie County, Florida and the Company, dated as of January 1, 1974, and that certain Trust Indenture (the "Trust Indenture" ) between St.

Lucie County, Florida and the First National Bank of Miami, as Trustee, dated as of January 1, 1974, or any renewal thereof,

andI Participant agrees to assume its Ownership Percentage of Company's obligations with respect to same, as required by Section 8.1 of the Purchase Contract. Except as set forth above, Company's conveyance shall be free and clear of any mortgage, attachment, lien or other encumbrance granted by the

'ompany, other than unrecorded mechanics'iens, easements of record, and recorded utility easements, if any. Participant shall have no property interest in the St. Lucie Site other than that interest conveyed by the Special )warranty Deed and Bill of Sale referred to above.

Participant agrees that Company may occupy, control and use St. Lucie Unit Ho. 2 and the Unit Site, and may modify the

'Unit Site, as Company deems necessary or appropriate in perform-ing the work described in this Participation Agreement. Partici-pant agrees that, upon request by Company, it will,convey to t Company any easements or other rights reasonably required by Company to perform its work under this Participation Agreement in the most efficient manner consistent with. Generally Accepted Electric Utility Practice, and Participant will join with Company in conveying to a third party or parties any easements or other rights where such conveyance is reasonably deemed by the Company to be necessary or convenient to the performance of the work contemplated by this Participation Agreement.

If, because of circumstances not foreseen at the time of the conveyance of the land to be included in the Unit Site,

Company reasonably determines that either insufficient land or excess land has been conveyed, Participant agrees that a new conveyance will be made by Company conveying such additional

['and'o efforts the Participant or that Participant will use its best to reconvey to Company such excess land, without addi-tional cost either to Company or to the Participant, free and clear of any mortgages, attachments, liens or other encumbrances, granted, made or imposed hereafter and during the period of ownership by Company or the Participant, as the case may be.

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6. Res onsibilit for Costs.

6.1 General Princi les. Each Party shall be responsible for its Ownership Percentage of all "Participation Costs". "Participation Costs" consist of and include all costs, liabilities and obligations, both direct and indirect, incurred by Company before, upon, or after the date of this Participation Agreement attributable to acquiring, planning, designing, studying, licensing, zoning, permitting, certifying, obtaining approvals, engineering, training personnel, constructing, inspecting, testing, fueling, operating, maintaining, insuring, securing, improving, renewing, replacing, decommissioning, disposing of and thereafter maintaining and securing St. Lucie Unit No. 2, including those properly allocable portions of such I[ costs, liabilities and obligations related to the St. Lucie Site, Common Facilities and Related Facilities provided in I Sections 6.2, 6.4 and 6.5 below, including without limitation all costs, liabilities, and obligations related to compliance t

with the Atomic Energy Act of 1954, as amended, the regulations r

of the Nuclear Regulatory Commission, conditions or requirements imposed by the Nuclear Regulatory Commission in connection with licenses for St. Lucie Unit No. 2, and all other federal, state, and local governmental requirements and standards.

Participant shall also be responsible for the payment to Company of its share of "Multiple Ownership Costs" as defined t

in Section 6.7 and for the payment to Company of the "Use

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i

I' Charges" provided F

in Section 6.6.

Notwithstanding the foregoing, Participant shall not be responsible for any costs, liabilities, or obligations incurred by the Company in connection with any antitrust review or proceeding, nor any costs associated with negotiating or preparing'this Participation Agreement.

All costs charged to Participant shall properly. reflect discounts, credits, or commissions realized by the Company which apply to Participation Costs, Multiple Ownership Costs and Use Charges including proceeds from salvage or disposal of the Project or any component thereof.

It is recognized that Participation Costs, Multiple Ownership Costs and Use Charges will include costs both directly and indirectly incurred by the Company in connection with its responsibilities with respect to St. Lucie Unit No. 2, and that in the case of costs indirectly incurred it will be necessary'o apply certain allocation methods and procedures to assign such costs to St. Lucie Unit No. 2. Where applicable, such costs shall be allocated by using the allocation methods and procedures set forth in this Agreement. If no allocation methods or procedures have been specified herein for a particular cost or cost component, and if the Company, at thy time such allocation is made, is using allocation. methods or procedures for, such costs with respect to -its other nuclear generating units,.such allocation methods and procedures,

0 if fair and equitable, shall'be used to allocate Participation Costs, Multiple Ownership Costs and Use Charges. If no such allocation methods or procedures are being used for other nuclear generating units, or if such methods and procedures are inappro-priate for'use with respect to St. Lucie Unit No. 2, the Company shall apply fair and equitable allocation methods and procedures .

Allocation methods and procedures that are applied by Company in a consistent manner on a system-wide basis shall be presumed to be fair and equitable. The Company shall submit to Participant all allocation methods and procedures that are used for purposes of this Participation Agreement and are not applied by Company in a consistent manner on a* system-wide basis, and an explanation of the basis therefor, as early 'as practicable and in no event later than when a charge to Participant is made based upon such allocation methods and procedures.

"AFC" and the "AFC rate" as defined. in Section 1.1 and as used in this Participation Agreement are intended to include compensation to Company for increased income taxes due to the transfer to .Participant of its Ownership Percentage of St. Lucie Unit No. 2. Notwithstanding anything to the contrary herein con-tained, that portion of AFC payments that is intended to compen-sate Company for such increased income taxes shall be billed separately by Company as needed for the payment of income taxes and shall be paid to Company as a part of Participation Costs on the third business day prior to each date on which Company must make a tax payment or payments in order to avoid 'interest or pen-alty charges. However, in recognition of the fact that the Com-pany's ultimate and final tax liability as a result of the sales contemplated herein will not be established until after audit by the Internal Revenue Service or expiration of the statute of lim-itations for such audit, Participant further agrees to indemnify Company for any increase in the Company's Federal or Florida in-come tax liability due to the transfer or transfers of an Owner-ship Percentage to Participant as contemplated by this Participa-tion Agreement, together with related interest or penalty char-ges. Company agrees to use its best efforts, in good faith and consistent with advice of tax counsel, to minimize such income tax liability by reporting as long term capital gain as much of the tax "gain" as may be so reported under the Internal Reve-nue Code and to cooperate fully with Participant in properly re-porting such tax "gain" and in defending the proper report'ng of such tax "gain" in the event of audit.

Notwithstanding any other provision of this Participa-tion Agreement, including any provision or provisions as to any cost or charge, the Parties agree, through the use of appropriate accounting and allocation methods and procedures,. to include within the Participation Costs, Multiple Ownership Costs and Use Charges set forth in this Section 6 costs, liabilities, and obli-gations that"are properly allocable to St. Lucie Unit No. 2, 3

without duplication or omission of costs, liabilities and 1

obligations properly allocable to St. Lucie Unit No. 2. The allocation methods and procedures set forth in this Section 6 have been developed with reference to the Co'mpany's present accounting practices; if such accounting practices change in the future so as to make the allocation methods and procedures specified in this Section 6 inappropriate, the allocation methods and,procedures shall be deleted or changed to meet the new accounting practices of the Company, provided such changed allocation methods and procedures are fair and equitable. The Company shall submit all such changed allocation methods or procedures, and an explanation of the basis therefor, as early as practicable and in no event later than when a charge to Participant is made base'd upon such allocation methods and procedures.

Various allocation methods contained herein reflect the present expectation of the Company that St. Lucie Unit No. l and St. Lucie Unit No. 2 will'be the only units located at the St.

Lucie Site. However, if one'r more additional units are con-structed on the St. Lucie Site, fair and equitable allocations of the costs associated with the St. Lucie Site, Common Facilities and Related Facilities will be made, and each Owner of St. Lucie Unit No. 2 will be compensated equitably for. any costs previously advanced which are properly allocable to the additional unit or units. The Company shall submit all such .

changed allocations of costs, and an explanation of the basis therefor, as early as practicable and in no event later than when a charge to Participant is made based upon such allocation

)- of costs.

The remainder of .this Section 6 identifies and provides specific allocation methods and procedures regarding Participa-tion Costs, Multiple Ownership Costs, and Use Charges attribu-table to the Project, but is not to be construed as limiting the general principles set forth herein. The interrelationship of the various specific allocation methods set forth in the re-mainder'f this Section 6 shall be construed consistently with the general principles set forth above.

Notwithstanding anything contained in this Participation Agreement to the contrary, this Participation Agreement shall be construed in all cases so as to avoid any duplication or omission of costs, liabilities and obligations properly I,

allocable to St. Lucie Unit No. 2.

6.2 Partici ation Costs Related to 'the St. Lucie Site. Participation Costs include one-half of the below-listed costs related to the St. Lucie Site but excluding costs related to St. Lucie Unit No. 1, St. Lucie Unit No. 2, Common

~

Facilities, Related Facilities (if" any) and any other structure located on the St. Lucie Site.

6.2.1 Site Im rovement Costs. Payments made for or in connection with site studies, studies of alternative sites, all other studies and tests preparatory to acquisition and utiliza-tion of the St. Lucie Site, and site improvement construction 1

work for the St. Lucie Site (excluding construction work and Capital Improvements which are part of St. Lucie Unit No. 1, St.

Lucie Unit No. 2, Common Facilities, Related Facilities or any other structures).. Payments charged to St. Lucie Unit No.

shall include an allowance for the cost of Company's capital calculated at the rate defined in Section 1.1, from the date of each payment made by Company until the in-service date of St.

Lucie Unit.No. 1. Payments charged to St. Lucie Unit No. 2 shall include an allowance for the cost of Company's capital calculated at the rate defined in Section 1.1, from the date of each payment made by Company until receipt by Company of Participant s Initial Payment pursuant to Section 8 [Closing] .

Site improvement costs that have been placed 'in service with St. Lucie Unit No. 1, including AFC, shall reflect an allowance for accumulated depreciation calculated by using the Company's F( book depreciation rates, exclusive of negative salvage, from the later of the in-service date of St. Lucie Unit Ho. 1 or the date upon which a site improvement cost was incurred, until receipt by Company of Participant s Initial Payment pursuant to Section 8.

6.2.2 Land Costs. Payments made for or in.

connection with acquisition of the St. Lucie Site (including the Unit Site), including all costs for Land and Land Rights set forth in the Uniform System of Accounts, and also including an allowance for the cost of Company's capital calculated at the rate defined in Section 1.1 from the date of each payment made by Company until the in-service date of St. Lucie Unit No. l.

6.2.3 0 eration and Maintenance Ex enses. All operation and maintenance expenses properly allocable to the St.

Lucie Site, commencing with Firm Operation and terminating upon of St. Lucie Unit No. 2, including the following: 'ecommissioning (a) The operation expenses chargeable to FERC Accounts 517, 518 (excluding Nuclear Fuel Expenses otherwise included withi'n Participation Costs), 519-525, inclusive, and 557.

P (b) The maintenance expenses chargeable to FERC Accounts 528 to 532, inclusive.

(c) An allowance to reflect costs of payroll-related taxes, insurance, pensions and benefits determined in a manner consistent with the Company's practices for determining construction payroll.

The above mentioned accounts are currently prescribed for nuclear power generation in the Uniform System of Accounts.

If these accounts are amended, then this section shall be construed to reflect the amended accounts prescribed by FERC; provided, however, that if the, nuclear power generation accounting under the Uniform System of Accounts is eliminated, then the costs of Operation and Maintenance in this section H

shall be determined thereafter by applying the same methods and procedures used by the Company to determine the costs of Operation and Maintenance of its other nuclear generation facilities.

6.2.4 Taxes-other than income and' roll taxes.

All real property taxes incurred by Company attributable to the land comprising the St. Lucie Site and not attributable to any structures.

6.2.5 Regulator Costs. All costs and expenses, including those of outside consultants and attorneys, incurred by the Company with respect to the securing, modifying or amending of licenses, permits, certificates, and any other authorizations required by law, compliance with any applicable laws, rules or regulations respecting the environment, conservation of the public health and safety, and negotiation for and acquisition of land, land rights and water rights relating to constructing, improving, operating, maintaining and decommissioning the St. Lucie Site, other than those costs and expenses related solely to St. Lucie Unit No. 1.

6.2.6 Governmental Costs and Penalties. All governmental costs, penalties, fines and other assessments and all attorneys'ees and other costs of litigating, investigating, and defending same, relating primarily to both St. Lucie Unit No. l and St. Lucie Unit No. 2, but none of same relating primarily to St. Zucie Unit No. 1. To the extent that such costs and expenses are imposed directly upon all of the Owners, the Owners agree to share such costs and expenses in proportion to their Ownership Percentages.

6.2.7 Decommissionin and Dis osal Costs. All costs incurred in connection with securing and maintaining the St. Lucie Site upon decommissioning and disposal of St. Lucie Unit No. 2. These costs may be incurred over an extensive period of time. However, regardless of the amount of these costs, and the time period over which they are incurred, the Owners shall share and pay all such costs in accordance with their respective Ownership Percentages.

6.3 Partici ation Costs Related. to St. Lucie Unit No

2. Participation Costs include 100% of the below-listed costs related to St. Lucie Unit No. 2 that are not otherwise included in Participation Cost's pursuant to Section 6.2:

6.3.1 Construction Costs. Payments made for or in connection with construction work for St. Lucie Unit No. 2 and Capital Improvements to St. Lucie Unit No. 2. Construction costs include all Components of Construction Cost set forth in the Uniform System of Accounts (excluding contract retentions until paid) except that (i) the allowance for funds used during construction contained in the Uniform System of Accounts shall be calculated on the basis of the AFC rate set forth in Section 1.1, from the date of each payment made by Company until receipt by Company of Participant's Initial Payment pursuant to Section 8 [Closing], and (ii) no allowance shall be made for revenues received or earned for power produced during construction. After receipt by Company of Participant's Initial Payment pursuant to Section 8, Company will provide statements of current costs pur-I suant to Section 9 and will provide such statements in a timely fashion so that such statements do not include any allowance for the cost of Company's capital, provided however, where a facility or component is properly designated as related to St.

Lucie Unit No. 2 after such facility or component has been acquired such statement shall include an allowance for the cost of Company's capital associated with the designated facility or component calculated in accordance with the AFC rate.

6.3.2 Pre-o erational 0 eration and Maintenance

~sx enses. Non-capitalized payroll and expenses properly alloca-ble to St. Lucie Unit No. 2 based upon the amount of payroll and expenses incurred on behalf of St. Lucie Unit No. 2 prior to the date of Firm Operation, including for non-capitalized payroll an allowance to reflect costs of payroll-related taxes, insurance, t pensions and benefits determined in a manner consistent with the Company's practices for determining construction payroll.

6.3.3 0 eration I and Maintenance Ex enses. All operation and maintenance expenses properly allocable to St.

Lucie Unit No. 2, commencing with Firm Operation and terminating upon decommissioning of St. Lucie Unit No. 2, including the foilowing:

(a) The operation expenses chargeable to FERC Accounts 517, 518 (excluding Nuclear Fuel Expenses otherwise included within Participation Costs), 519-525, inclusive, and 557.

(b) The maintenance expenses chargeable to FERC Accounts 528 to 532, inclusive.

(c) An allowance to reflect costs of payroll-related taxes, insurance, pensions and benefits determined in a manner consistent with the Company's practices for determining construction payroll.

(d) Station Service Requirements of St. Lucie Unit No.

2 charged based on system average power production and transmission expenses for the month or months during which energy is delivered to St. Lucie Unit No. 2, not otherwise accounted for in the computation of Net Energy or otherwise.

The above mentioned accounts are currently prescribed for nuclear power generation in the Uniform System of Accounts.

If these accounts are amended., then, this section shall be con-I strued to reflect the amended accounts prescribed by FERC; pro-vided, however, that if the nuclear power generation accounting under the Uniform System of Accounts is eliminated, then'he costs of Operation and Maintenance in this section shall be de-termined thereafter by applying the same methods and procedures used by the Company to determine the costs of Operation and Maintenance of its other nuclear generation facilities .

6.3.4 Nuclear Fuel Costs. All costs incurred by Company in connection with the nuclear fuel, fuel cycle services and related materials described in Section 17 shall be included in'.

Participation Costs as more particularly set forth in Section 17.

6.3.5 Taxes other than income and a roll taxes.

(a) All real and personal property taxes incurred by Company attributable to St. Lucie Unit No. 2. Company shall use its best efforts to have the levy of any taxes or payments in lieu thereof after the closing made directly against the Owners in proportion to their respective Ownership Percentages, in which event each Owner sha13. be responsible for such taxes or payments and for obtaining any exemption from taxes or payments to which it may be entitled. If any taxes or payments in lieu thereof. are levied in any fashion other than directly against each Owner,,

I Company shall pay all such taxes and/or make such payments and shall include all of the same in Participation Costs to be billed to" the Owners; however, Company will cooperate with the efforts of any other Owner to seek exemption from such levies or payments in lieu thereof with respect to its Ownership Percentage, and any Owner which is granted any such exemption will be relieved of its obligations to make payments to the Company to the extent that ~

such exemption relieves the Company of obligations with respect to such levy or payment in 'lieu thereof.

(b) Sales and use taxes, excise taxes, and all other similar taxes (excepting income taxes and payro11 taxes) .

(c) Participant agrees to indemnify and make the Company whole for any taxes and fees (other than income taxes) imposed by governmental agencies, on revenues received by the Company from Participant to the extent that payments by the Participant result in additional taxes or fees to the Company.

0 6.3.6 Insurance Costs. Insurance costs as defined in Section 1.12, determined and allocated as set forth below:

(a) For Property Insurance Costs applicable to St.

Lucie Unit No. 1, St. Lucie Unit No. 2, the St. Lucie Site and Common Facilities (but not to any other generating units), a properly allocable portion of such costs shall be included in Pargicipation Costs, determined by the ratio of the most recent reported insurable value as determined for insurance premium purposes of St. Lucie Unit No. 2 to the most recent reported insurable value of the two units (allocating one half of the most recent reported insurable value associated with the St.

Lu'cie Site and Common Facilities to Participation Costs),

including in both the numerator and denominator of such ratio

~

the interests of other, Owners in St. Lucie Unit No. 2.

(b) For non-capitalized costs incurred to provide for workmen's compensation (benefits and coverage) to protect against risk of loss due to liability incurred as an employer and to protect against risk of loss resulting from owning, operating, maintaining, or making managerial decisions resulting in whole or in part to St. Lucie Unit No. 2 shall be determined by the following methods:

(1) When the cost is specifically attributable to St. Lucie Unit"No. 2, i.t will be included in Participation Costs in its full amount.

(2) When the cost is attributable to the Company's total operations, a fair and equitable cost will be allocated to St. Lucie Unit No. 2 by multiplying the cost by a ratio to determine Participation Costs. The numerator of the ratio is the total payroll charged to Participation Costs . The denominator of the ratio is the total payroll of the Company.

6.3.7 Re ulator Costs. All costs and expenses,

~i including those of outside consultants and attorneys, incurred I. by the Company with respect to the securing, amending or modifying of licenses, permits, certificates, and any other authorizations required by law, compliance with any applicable laws, rules or regulations respecting the environment, conservation, protection of the public health and safety, and negotiation for and acquisition of land, land rights and water rights relating to constructing, improving, operating, Ie maintaining and decommissioning St. Lucie Unit No. 2.

6.3.8 Governmental Costs and Penalties. All governmental costs, penalties, fines and other assessments, and all attorneys'ees and other costs of litigating, investigating, and defending same, relating primarily to St. Lucie Unit No. 2 or the Unit Site. To the extent that such costs and expenses are imposed directly upon all of the Owners, the Owners agree to share such costs and expenses in proportion to their Ownership Percentages.

6.3.9 stem Control and Load Dis atchin . A

) S portion of all system control and load dispatching costs as defined and al'located in accordance with Exhibit VII.

6.3.10 Nuclear Su ort Services. From the date of Firm Operation and prior to retirement of St. Lucie Unit No.

2, Company will account separately for its,general overhead, administrative, payroll (including an allowance to reflect payroll-related taxes, insurance, pensions and benefits),

equipment and other costs relating to the utilization of nuclear fuel as a power source which are not otherwise directly allocated to any other .cost or to a particular generating unit.

All of such costs shall be multiplied by a fraction, the numerator of which shall be one, and the denominator of which at any time shall be one plus the total number of nuclear units 4

other than St. Lucie Unit No. 2 operated by the Company which have been placed in commercial operation and have not been retired from service. The resulting product shall be included within Participation Costs.

P 6.3.11 Scientific, Economic or En ineerin Services. All costs paid by the Company to independent contractors and the cost of scientific, economic or engineering services by employees of the Company, excluding costs allocated i as administrative and general expenses or nuclear support services, determined in the same manner as labor costs allocated I

to operation and maintenance expenses in Section 6.3..3.

) ~

6.3.12 Administrative and General Ex enses.

( Commencing on the date of Firm Operation of St. Lucie Unit No.

2, Company's administrative and general expenses shall be allocated monthly to St. Lucie Unit No. 2 in accordance with Exhibit XI'.3.13 .Decommissionin and Dis osal Costs.

Decommissioning and disposal costs consist of- all costs incurred in connection with decommissioning and disposal of, and thereafter maintaining, St. Lucie Unit No. 2 and the Unit Site, including all associated waste materials. These costs may be incurred over an extensive period of time. However, regardless of the amount of these costs, and the time period over which they are incurred, the Owners shall share and pay all such costs in accordance with th'espective Ownership Percentages.

6.4 Partici ation Costs Related to Common Facilities.

Participation Costs include one-half of the below-listed costs related to Common Facilities that are not otherwise included in Participation Costs pursuant to Sections 6.2 or 6.3:

6.4.1 Construction Costs. Payments made for or in connection with construction work for Common Facilities.

Construction costs include all Components of Construction Cost set forth in the Uniform System of Accounts (excluding contract retentions until paid) modified as follows:

(1) The allowance for funds used during construction contained in the Uniform System of Accounts shall be calculated on .the basis of the AFC rate set in Section 1.1. 'orth (2) The .allowance for funds used during construction shall be 'computed on construction costs (incurred in connection with Common Facilities) that have been placed in service with St. Lucie Unit No. 1 from the date of each payment by Company to the in-service date of St. Lucie Unit No. 1.

(3) The allowance for funds used during construction shall be computed on construction costs that have not been placed in service with St. Lucie Unit No.

1 from the date of each payment by Company until receipt by Company of Participant's Xnitial Payment pursuant to Section 8 [Closing].

(4) No allowance shall be made for revenues received or earned for power produced during construction.

(5) 'onstruction costs that have been placed in service with St. Lucie Unit No. 1 (including AFC) shall reflect an allowance for accumulated depreciation calculated by using the Company's book depreciation rates, exclusive of negative salvage, from the later of the in-service date .of St. Lucie Unit No. 1 or the date upon which a Common Facilities cost was incurred, until receipt by Company of Participant's initial Payment pursuant to Section 8 [Closing).

After receipt by Company of Participant's Initial Payment pursuant to Section 8, Company will provide statements of current costs pursuant to Section 9 in a timely fashion so that such statements do not include any allowance for the cost of Company's capital, provided however, where a facility or component is prop-erly designated as a Common Facility after such facility or com-ponent has been acquired such statement shall include an allow-ance for the cost of Company's capital associated with the desig-nated facility or component calculated in accordance with the

'I AFC rate.

6.4.2 0 eration and Maintenance Ex enses. All operation and maintenance expenses properly allocable to the Common Facilities, commencing with test operation and terminating upon decommissioning of St. Lucie Unit No. 2, including the following:

(a) The operation expenses chargeable to FERC Accounts 517, 518 (excluding Nuclear Fuel Expenses otherwise included within Participation Costs), 519-525, inclusive, and 557.

(b) The maintenance expenses chargeable to FERC Accounts 528 to 532, inclusive.

(c) An allowance to reflect costs of payroll-related taxes, insurance, pensions and benefits determined in a manner consistent with the Company's practices for determining construction payroll.

The above mentioned accounts are currently prescribed

( for nuclear power generation in the Uniform System of Accounts.

If these accounts are amended, then this section sha11 be construed to reflect the amended accounts prescribed by FERC; provided, however, that if the nuclear power generation account-ing under the Uniform System of Accounts is eliminated, then the costs of operation and maintenance in this section shall be de-termined thereafter by applying the same method~ and procedures used by the Company to determine the costs of operation and maintenance of its other nuclear generation facilities.

6.4.3 Taxes other than income and a roll taxes.

(a) All real and personal property taxes incurred by Company attributable to the Common Facilities.

(b) Sales and use taxes, excise taxes, and all similar taxes (excepting income taxes and payroll taxes), incurred by Company.

(c) Participant agrees to indemnify and make the Company whole for any taxes and fees (other than income taxes) imposed by governmental agencies on revenues received by the Company from Participant to the extent that payments by the Participant result in additional taxes or fees to the Company.

6.4.4 Re ulator Costs. All costs and expenses, including those of outside consultants and attorneys, incurred by the Company with respect to the securing, modifying or I

amending of licenses, permits, certificates, and any other 1

>0

authorizations required by law, compliance with any applicable laws, rules or regulations respecting the environment, conserva-tion of the public health and safety, and negotiation for and acquisition of land, land rights and water rights relating to constructing, improving, operating, maintaining and decommis-sioning the Common Facilities.

6.4.5 Governmental Costs and Pena1ties. All governmental costs, penalties, fines and other assessments, and all attorneys'ees and other costs of litigating, investigating, and defending same, relating primarily to the Common Facili-ties. To the extent that such costs and expenses are imposed directly upon all of the Owners, the Owners agree to share such costs and expenses in proportion to their Ownership Percentages.

6.4.6 Decommissioning and Dis osal Costs.

Decommmissioning and disposal costs consist of all costs I. incurred in connection with decommissioning and disposal of, and thereafter maintaining, the Common Facilities, including all associated waste materials. These costs may be incurred over an extensive period of time. However, regardless of the amount of these costs, and the time period over which they are incurred, the Owners shall share and pay all such costs in accordance with their respective Ownership Percentages.

6.5 Partici ation Costs Related to Related Facilities.

Participation Costs include the below-listed costs related to Related Facilities that are properly allocable to nuclear units I

IO

)- ~ and that are not otherwise included in Participation Costs pur-suant to Sections 6.2, 6.3 or 6.4 (allocated fairly and equitably and in accordance with the utilization of each such facility to the units (including St. Lucie Unit No. 2) utilizing such facility), commencing when such Related Facilities are pl'aced .in service or designated as Related Facilities, whichever is later, and terminating upon decommissioning of St. Lucie Unit No. 2:

6.5.1 0 eration and Maintenance Ex enses. All operation and maintenance expenses properly allocable .to Related Facilities, including the following:

(a) The operation expenses chargeable to FERC Accounts 517, 518 (excluding Nuclear Fuel Expenses otherwise included within Participation Costs), 519-525, inclusive, and 557.

(b) The maintenance expenses chargeable to FERC Accounts 528 to 532, inclusive.

(c) An allowance to reflect costs of payroll-related taxes, insurance, pensions and benefits determined in a manner consistent with the Company's practices for determining construction payroll.

The above mentioned accounts are currently prescribed for nuclear power generation in the Uniform System of Accounts .

If these accounts are amended, then this section shall be construed to reflect the amended accounts prescribed by FERC; provided, however, that if the nuclear power generation 1.

4 0

accounting under the Uniform System of Accounts is eliminated, 'I then the costs of operation and maintenance in this section shall be determined thereafter by applying the same methods and procedures used by the Company to determine the costs of operation and maintenance of its other nuclear generation P

facilities.

6.5.2 Taxes other than income and a roll taxes.

(a) All real and personal property taxes incurred by Company attributable to the Related Facilities.

(b) Sales and use taxes, excise taxes, and all similar taxes (excepting income taxes and payroll taxes), incurred by Company.'c)

Participant agrees to indemnify and make the Company whole for any taxes and fees (other than income taxes) imposed by governmental agencies on'evenues received by the Company from Participant to the extent that payments by the Participant result in additional taxes or fees to the Company.

6.5.3 Re ulator Costs. All costs and expenses, including those of outside consultants and attorneys, incurred by the Company with respect to the securing, modifying or amending of licenses, permits, certificates, and any other authorizations required by law, compliance with any applicable laws, rules or regulations respecting the environment, conservation of the public health and safety, and negotiation for and acquisition of land, land rights and water rights 6.

this Section

~.

relating to constructing, improving, operating, maintaining decommissioning Related and not Facilities.

h otherwise included'in Participation Costs pursuant to Sections 6.2, 6.3, 6.4 or 6.5 shall be. payable to and Company directly, as an addition to and not as a part of Participation Costs:

6.6.1 Use Char e for Related Facilities. As of the date of this Agreement, Company has not designated any facilities as Related Facilities. Participant shall pay to Company a monthly use charge for such Related Facilities, in an amount equal to its Ownership Percentage of the applicable fixed charge in accordance with Exhibit VXII. This use charge shall commence when the'elated Facilities are placed in service or designated as Related Facilities, whichever is later, and shall terminate when the Related Facilities are removed from service or upon retirement of St. Lucie Unit No. 2, whichever first occurs. Thereupon, the unrecovered cost (net plant) of all Related Facilities not used by, or designated for use by, Company shall be included within Participation Costs, and all salvage and disposal revenues or other credits shall be credited against Participation Costs.

6.6.2 Use Char e for Genera1 Plant. Commencing upon Firm Operation of St. Lucie Unit No. 2, Participant shall pay to Company a monthly use charge for an allocated portion of the Company's general plant, in accordance with Exhibit IX., This use charge shall terminate upon retirement. of St. Lucie Unit No. 2.

6.6.3 Use Char e for Inventor Held in Accounts 151 and 154 at the St. Lucie Site (St. Lucie Unit No. 2 (a) In the exercise of its reasonable discretion, Company may designate certain inventory solely to St. Lucie Unit No. 1, certain inventory solely to St. Lucie Unit No. 2, and certain inventory jointly to both St. Lucie Unit No. 1 and St.

Lucie Unit No. 2.

[i (b) No use charge shall be paid for inventory designated solely to St. Lucie Unit No. 1 or to any other

[i inventory not related to St. Lucie Unit No. 2.

(c) For those inventory items designated solely to St.

Lucie Unit No. 2, Participant shall pay to Company a monthly

( use charge beginning at the time inventory items are charged to Account 151 or 154, but not sooner than the date of designation of such inventory items solely to St.Lucie Unit No. 2, using a 13-month average rolling inventory in accordance with Exhibit X. Upon retirement of St. Lucie Unit No. 2, those inventory items remaining designated solely .to St. Lucie Unit No. 2 will be charged to Participation Costs. Participation Costs shall reflect all credits received from the disposal of such inventory.

(d) All inventory not designated solely to either Unit L

shall be deemed inventory designated jointly to both Units.

i

(

Beginning with test operations of St. Lucie Unit No. 2, Company

), will charge Part'icipant a monthly 'use charge for the availabil-ity of such inventory in accordance with Exhibit X, applied to one-half of the 13-month .rolling average inventory balance. In the everit that St. Lucie Unit No. 1 is retired prior to the re-tirement of St. Lucie No. 2, from and after the date of retire-ment of St. Lucie Unit No. 1 Company will charge Participant a use charge applied to the entire 13-month rolling average for inventory designated jointly to both Units inventory balance.

Upon the retirement of St. Lucie Unit No. 2, the remaining in-v'entory will be charged to Participation Costs. Participation Costs shall reflect all credits received from the disposal of such inventory.

If St. Lucie Unit No. 2 is retired before St. Lucie Unit No. , all inventory designated jointly to both Units shall be considered inventory designated solely to St. Lucie Unit No.

I 1 and no.use charge will be applied.

6.6.4 Use Char e for Common Ma'or S are Parts.

The Company may purchase and own Common Major Spare Parts interchangeable with equivalent parts of St. Lucie Unit No. 2, and another unit or units owned by the Company.

r The Company hereby extends to the Participant and the Participant hereby agrees to accept the right and obligation to use any of the Common Major Spare Parts for St. Lucie Unit No. 2 as follows:

(

(A) Use of Common Ma or S are Parts. If at any time St. Lucie Unit No. 2 needs a Common Major Spare Part to replace an equivalent item which has been damaged, the Company shall make su'ch Common Major Spare Part (if available) available for St. Lucie Unit No. 2's use (at the location where the Common Major Spare Part is stored) as expeditiously. as possible; provided, however, if there is also a need for the same Common Major Spare Part at that time for. St. Lucie Unit No. 1 or any other unit, the Company may exercise its sole discretion to utilize the item at any unit on Company's system so as to minimize the down time of .units on the Company's syst'm.

(B) Re air of Items Re laced b Common Ma'or S are Parts. The Owner or Owners of the unit, which uses the Common Major Spare Part sha11 pay for the cost of loading, freighting and unloading the Common Major Spare Part, and for the cost of repairing, the damaged item and transporting it for repair and to its site of. storage. If the damaged item was used for St. Lucie Unit No. 2, all of such costs, together with all incidental expenses related thereto, shall be part of the St. Lucie Unit No. 2 monthly Operation and Maintenance costs pursuant to Section 6.3.3.

(C) Replacement of Items Re laced b Common Ma or Snare Parts. If the Company determines that the damaged item has been damaged beyond repair, the Owner or Owners of such damaged item shall bear the entire cost of the retirement and replacement of such damaged item. If the damaged item was used for St. Lucie Unit No. 2 and is a Unit of Property, the costs associated with its removal, and the acquisition of a new item in place thereof, shall be capitalized to St. Lucie Unit No. 2; if, however, such damaged item is less than a Unit of Property, such costs shall be included in the St. Lucie Unit No. 2 monthly Operation and Maintenance costs pursuant to Section 6.3.3.

Participant shall pay to the Company a monthly use charge for the availability of each Common Major Spare Part beginning with the later of:

(1) the date of commencement of test operation of St.

Lucie Unit No. 2; or (2) the date an item is designated as 8 Common Major Spare Part. Each such monthly use charge shall. be an amount equal to Participant's Ownership Percentage of the applicable monthly fixed charge

determined in accordance with Exhibit XXX. Each such use charge shall terminate upon retirement of St. Lucie Unit No. 2, whereupon the unrecovered cost (net plant) of all Common Major Spare Parts not used by, or designated for use by, Company shall be included within Participation Costs, and all salvage and disposal revenues or other credits shall be credited against Participation Cost.

6.6.5 Taxes other than income and pa roll taxes.

All use charges provided in this Section 6.6 shall include the following:

(a) All taxes incurred by Company attributable to Use Charges.

(b) Sales and use taxes, excise taxes, and a11 similar taxes (excepting income taxes and payroll taxes), incurred by Company.

(c) Participant agrees to indemnify and make the Company whole for any taxes and fees (other than income taxes) imposed by governmental agencies on revenues received by the Company from Participant to the extent that payments by the Participant result in additional taxes or fees to the Company.

6.7 Multi le Ownershi Costs.

Those costs incurred by the Company resulting from the I

administration of this Agreement (as opposed to the administration of the Project), which would not otherwise be incurred but for the existence of this Agreement, including the costs incurred by Company associated with: (i) performing

[ allocations of costs required by this Participation Agreement (and'elated billing and accounting costs); (ii) providing the accounting of costs and accommodating the audits provided in Sections 9 and 10; (iii) the consultation provided pursuant to Section 11; and (iv)'he costs incurred in using its best efforts to have the levy of any taxes or payments in lieu thereof re-garding the Unit Site, fixtures and personal property related wholly to St. Lucie Unit No. 2 made directly against the Owners, as provided herein. The above described expenses will be dis-tributed equally among and between all Owners as defined in this Agreement, including the Company. If, however, the..costs are incurred at the specific request of, or for the benefit of, one or more Owners, such costs will be charged to the Owner(s) causing the expense. All costs billed under this Section 6.7 will be itemized and identified by the Company.

6.8 Reiteration of General Principles. Xn Sections 6.2 through 6.7 hereof various items of costs described gen-erally in Section 6.1 are identified and in some cases are iden-tified in more than one of such sections, and various other costs described generally in Section 6.1 are not identified in any of such sections. Irrespective of such multiple identification or failure to identify various costs, nothing herein contained shall be construed to allow Company to include any of such costs or any part thereof in Participation Costs, Multiple Ownership

( '49-

Costs or Use Charges more than one time, and nothing herein shall be construed to omit such costs from Participation Costs, Multiple Ownership Costs or Use Charges by implication.

lj I

Accounting for Costs Company records shall be maintained in conformity with generally accepted accounting principles and all costs will be reported to all other Owners with reference to the appropriate accounts set forth in the Uniform System of Accounts, except that (i) construction costs will be reported by major categories.

until such times that the Company has distributed construction costs in its books to the electric plant in service accounts, and (ii) the Use Charges wi11 not be reported in any more detail than is already described 'n the appropriate exhibits to this Agreement.

Nothing in this Agreement shall require Company to change, or otherwise affect, the corporate accounting practices and procedures used by it. All accounting practices, procedures and records necessarv to obtain a proper allocation of all costs to St. Lucie 'Unit No. 2 under this Agreement may be maintained independently of Company's corporate records and may include allocations not otherwise utilized by Company.

C~los in The Closing shall be held on a date 60 days subse-quent to issuance by the NRC of an amendment. to the Construction Permit naming Parti'cipant a co-licensee, at 10:00 a.m. at the offices of Florida Power & Light Company, 9250 Hest Flagler Street, Miami, Florida, or at such other place as agreed by the Parties, provided that, as listed herein, all conditions pre-cedent to the closing have occurred unless waived by the Party benefited thereby. If one or more of such conditions precedent have not occurred and have not been waived, the closing shall be postponed from week to week'or to a closing date agreed upon in writing by the Parties hereto. Since time is of the essence, the closing date shall not be later than six months from the date of Participant's signing of this .Participation Agreement un-less waived in writing by the Parties hereto; provided that, if the NRC- shall not have taken effective action approving or dis-approving Participant as a co-licensee within four months from the date of Participant's signing of this Participation Agreement, the closing date shall be extended until a date 60 days after approval of Participant as a co-licensee. If the NRC disapproves Participant as a co-licensee, and such action is subsequently reversed on appeal, the clo'sing shall take place no later than 60 days after such reversal.

I 0

Notwithstanding anything to the contrary herein contained, if an appeal from a decision regarding validating the bonds proposed to be issued by the Participant to finance the acquisition of its ownership interest in St. Lucie Unit No. 2 is pending before the Florida Supreme Court at the time that closing would otherwise be required, the closing date shall be extended until 60 days after issuance of a final decision by the Florida Supreme Court.

Xf the closing hereunder does not take place for any reason other than failure of the Company to fulfillany of the conditions provided in Section 8.3 (B), (C), (D) or (G), no Party shall have any right or any remedy against the other Party under the terms of this Agreement and the Participant shall have no further rights to participate in the ownership of St. Lucie Unit No. 2.

8.2 Conditions Precedent to Compan 's Obligation Unless the Company shall otherwise agree in writing, all obligations of the Company to the Participant under

.this Agreement are subject to the fulfillment,. prior to or at the closing, of each of the following conditions:

(A) The Company shall not have discovered any material error or material. misstatement in the representa-tions and warranties made by the Participant in this agreement.

(B) Participant's representations and warranties con-tained in Section 41 shall be deemed to have been made again at and as of the closing date and shall then be true in all material respects; and Partici-pant shall have performed and complied with all agreements, covenants, and conditions required by this Agreement to be done by it prior to or at the closing, as evidenced by delivery to the Company, in form and substance reasonably satisfactory to the Company,. of each of t'e following:

(1) A certificate of the Secretary of the Orlando Utilities Commission as to the Participant being a duly organized entity validly existing under the laws of the State of Florida; (2) A certificate of the Secretary of the Orlando Utilities Commission and a cert,ificate of the Mayor of the City of Orlando as to each of them having legal authority to enter into and perform all its obligations under this Participation Agreement; (3) Resolution(s) of the governing bodies of the Orlando Utilities Commission and the City of Orlando authorizing this Agreement;

(4) A bring down certificate of t=he Secretary of the Orlando Utilities Commission of Participant's representations., warranties, and covenants set forth in Section 41 of this Agreement.

I (C) Company shall have been furnished with an opinion or opinions of counsel for the Participant, 'in form and substance satisfactory to the Company, dated the closing date, in the form attached hereto on Exhibit XIII.

(D) At the closing, the Participant shall deliver to Company the Initial Purchase Price as contemplated by Section 8.5.

8.3 Conditions Precedent to Partici ant's Obligations.

Unless Participant otherwise agrees in writing, all obligations of Participant to the Company under this Agreement are subject to the fulfillment, prior to or at t=he closing, of each of the following conditions:

(A) Participant shall not have discovered any material error or material misstatement in the representations and warranties made by the Company in this Agreement.

(B) 'he representations and warranties of the Company contained in this Agreement shall be deemed to have been made again at and as of the closing date and shall then be true in all material respects; and the Company shall have performed and complied with all agreements, covenants, and conditions required by this Agreement to be done by the prior to or at the closing, as evidenced'ompany by its delivery to Participant, in form and substance reasonably satisfactory to Participant, of each of the following:

(a) A certificate of a Secretary or Assistant Secretary of the Company as to absence of recent amendments 'to its Charter; (b) a certificate of a Secretary or Assistant Secretary of the Company as to the good standing of the Company in Florida; (c) resolution(s) of the Company's Board of Directors authorizing this Agreement; (d) a certificate of a Secretary or Assistant Secretary of the Company as to absence of conflict with or breach of its Charter or By-Laws by this Participation Agreement; (e) submission by the Company to Participant of (i) the allocation methods used to determine the Participant's Initial Payment and an explanation of the basis therefor as provided in Section 8.4 of this Agreement; (ii) the

statement regarding the Initial Payment pursuant to Section 8.4 of this Agreement; (iii),a list of matters, if any, described in Section 41.2 of this Agreement, current to thirty (30) days prior to closing; (iv) documents regarding insurance described in Section 26 of this Agreement.

(C) Participant shall have been furnished with an opinion or opinions of counsel for the Company, in form and substance satisfactory to Participant, dated the closing date, in the form attached hereto as Exhibit XIV.

(D) The Company shall have obtained all necessary releases aqd other required documents from the trustees under a certain Mortgage and Deed of Trust between the Company and Bankers Trust Company and the Florida National Bank of Jacksonville (now Florida First National Bank of Jacksonville), as Trustees, dated as of January 1, 1944, as supplemented by all supplemental indentures.

(.-) The Company shall have obtained an Amendment to Construction Permit issued by the Nuclear Regulatory Commission naming Participant a co-licensee.

(F) In the event that the Par ticipant is a munici-( pality, the Participant shall have obtained an order of a court of competent jurisdiction, no longer subject to appeal, validating the bonds proposed to be issued by the Participant to finance the acquisition of its ownership interest in the Unit Site and St. Lucie Unit No. 2, or in the event that the Participant is a cooperative, Participant shall have obtained all approvals required by the Rural Electrification Adminis-tration and shall have obtained adequate financing.

(G) Company shall provide Participant a list of all prior transfers of owner'ship interests pursuant to Section 2, showing the transferees and percentage i ownership interests transferred and shall furnish Participant with copies of such participation L;

agreements.

8.4 Initial Pa ment Statement.

At least thirty days prior to the closing scheduled under this Participation Agreement, Company will for-ward to Participant a statement (the "Initial Payment Statement" )

of the costs incurred to the last day of the third month preceding the month in which the closing is scheduled to occur, together with an estimate of the costs to be incurred 0

thereafter, until and including the last day of the month in

( which the closing is scheduled to occur. Such costs shall consist of the costs for which Participant is responsible pursuant to Section 6, including Participant s Ownership Percentage of all Participation Costs and together with costs which are Participant s responsibility pursuant to Section 6.6

[Use Charges] and 6.7 (Multiple Ownership Costsf . The estimates will be adjusted to reflect actual costs as follows: (i) the second preceding month's estimate will be adjusted to the actual on the first billing after the month of closing and (ii) the first preceding month's estimate and the closing month's estimate will be adjusted on the second billing after the month of closing.

8.5 Pa ent and Exchange of Documents.

At the closing, Company shall deliver to Participant the Special Narranty Deed and Bill of Sale and all certificates, releases, opinions and evidences of authorizations and approvals as provided for herein; Participant shall deliver its share of the purchase price as set forth in the Initial Payment Statement in Federal Funds or in any other manner agreed by the Parties immediately available 'to the Company prior to 12:00 noon on the closing date.

Time is of the essence of tne provisions of this Section 8.5.

l.e 8.6 Closin Costs. At the closing, Participant shall pay the cost of all documentary stamp taxes required to be affixed to the Special Warranty Deed and Bill of Sale computed on the basis of the purchase price to the date of closing, and the cost of recording the Special Warranty Deed and Bill of Sale. Company shall pay the cost of recording all necessary releases and other required documents obtained pursuant to Section 8.3(D) .

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' 9. Pa ent of Current Costs By the first day of each month that this 1

Participation Agreement is in effect, beginning with the first calendar month after the month in which the closing provided for

.in Section 8 is. scheduled to occur, Company will furnish to Participant an estimate of the costs described in Section 6 which are anticipated to be incurred in that month and the basis for such estimate.

Each such notification made by the Company shall be accompanied by a preliminary accounting of costs incurred for the second preceding month. The estimate of costs to be incurred in the current month will be adjusted to reflect any difference between costs which were estimated to have been incurred in the second preceding month and the costs which were actually incurred in that month. Participant .will pay to Company its Ownership Percentage of such estimated costs,. as=

adjusted, on or before the fifteenth day of the month.

No interest shall be charged to Company or Participant for subsequent adjustments to estimated costs for the current, month made by a,preliminary accounting. However, should an audit or. review reveal an underpayment or overpayment of costs billed pursuant to a preliminary accounting, Participant shall be liable for and shall be billed for any underpayment, 'or shall be entitled to and shall receive a refund of any overpayment, on

I the next monthly statement underpayment has been rendered after the overpayment or discovered, with interest at the Prime Rate, but not to exceed the highest contract rate allowed by law from the date of payment pursuant to the preliminary accounting.

Where the Company knows that it will have to make a particular payment or payments on specified dates,'or an amount in excess of $ 15,000,000 for each payment, Company shall not include such payment or payments in its regular monthly estimate of costs but shall notify Participant of same, at least 15 days prior to the scheduled date of payment, and Participant shall pay its Ownership Percentage of same on or before the business day preceding the scheduled date of payment.

I

, 10. Accountin and Auditin At least annually, or more frequently as agreed by the Parties, Company shall provide an unaudited statement for the preceding year to all other Owners for all costs that have been incurred pursuant to Section 6 and the preliminary accountings provided pursuant to Section 9 shall be adjusted accordingly, and any resulting adjustment, payment or credit shall be made with interest as provided in Section 9. Company will make a reasonable effort'o provide this accounting in a form that is C

acceptable to the Participant. Participant may cause the accuracy of any costs charged to it to be verified, at its own i' expense, by an examination of the accounts and records kept by Company with respect to the Project either by the Participant's designated accounting personnel or by an independent certified public accountant, and Company shall make such accounts and records available at its offices at reasonable times for such purpose. However, Participant may not conduct such an examination of Company's accounts and records except on at least thirty= (30) days prior written notice to Company, and Participant may not conduct any such examination more than once in any 12 month period. Company recognizes that audits may be conducted more frequently if warranted by special circumstances. To the extent determined to be feasible by the Advisory Committee referred to in Section 11 hereof, all Owners shall coordinate their audit requests through the Advisory Committee.

Company

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shall provide financial information to the other Owners concerning St. Lucie Unit No'. 2, including but not limited to the following types of information: timely estimates of intended capital improvements, annual capital expenditures budget, annual manpower budget, annual operation and maintenance budget, and annual estimates of cost and cash requirements by month, with updating from time to time as regularly performed by the Company, and from time to time Company's current assessment of decommissioning costs. Company will assist other Owners in meeting their financial planning requirements to the extent practicable by providing such estimates and budgetary information, when requested, in their preliminary form, when available.

Participant may challenge the correctness of any statement, estimate, payment, or adjustment (including any payments previously made for the item so adjusted) made pursuant to Section 9 as not being proper pursuant to the terms of this Participation Agreement, but all such statements, payments and adjustments shall be conclusively presumed to be proper hereunder and not subject to challenge except where fraud is alleged and proved, or a mutual mistake has been made, or there has been an error in recording costs, unless within twenty-four months after payment of any cost or adjustment Participant shall have objected in writing to any such cost or adjustment. Where it is determined as a result of a challenge that an adjustment to a previous payment is appropriate, such adjustment shall be reflected in the monthly billing immediately following such determination, including interest as provided in Section 9.

Any payment made by Participant pursuant to this Partici-pation Agreement shall not constitute a waiver of any right of Participant to question or contest the correctness of any charge by Company, but no payment by Participant shall be delayed because of a question or contest as to the correctness of any charge by the Company; nor shall any payment be withheld, reduced or delayed by way of recoupment, setoff or otherwise.

iII t

Consultation Amon the Owners.

As soon as practicable after execution of this Participation Agreement, all of the Owners will form an Advisory Committee, consisting of one member and one alternate designated by each Owner. The member designated by Company shall serve as chairman, and shall convene the Advisory Committee at least once annually, with at least three months advance written notice to each member. The chairman may also convene the Advisory Committee from time to time on his own motion or in response to the request of any two other Owners, or if there are no more than two Owners, at the request of the other Owner. The annual meetings provided herein may, be dispensed with by oral or

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written agreement of all members of the Advisory Committee.

The Advisory Committee will serve as a vehicle for communication among the Owners and consultation between Company and the other Owners regarding the progress of work performed in connection with St. Lucie Unit No. 2. To further these goals, the Advisory Committee shall have the following functions and powers:

a. To provide liaison among all Participants and the Company at the management level.

b. To appoint ad hoc committees as necessary to perform work and conduct studies regarding matters requiring investigation.

c.

P To perform such other functions and duties as may be unanimously agreed by the Advisory Committee. Company shall inform each member of the Advisory Committee of any agreements to sell ownership'nterests in St. Z,ucie Unit No. 2 to other Owners, and shall inform each other Owner of press releases by Company regarding St. Lucie Unit No. 2, and shall

'use its best efforts to provide such press releases to Participant prior to release to the public, where possible and consistent with applicable legal obligations. Company shall keep each member of the Advisory Committee informed concerning significant decisions regarding the acquisition, planning, designing, studying, licensing, improving, renewal, replacement, zoning, permitting, certifying, obtaining approvals, engineering, 'training personnel, construction, inspection, testing, operation, maintenance, insuring, decommissioning, disposal and thereafter maintaining and securing the Project and where practicable shall consult with the Advisory Committee

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concerning such decisions. The costs of such consultation with the Advisory Committee shall be considered Multiple Ownership Costs and shared as provided in Section will respond to any reasonable request for 6.7.'ompany information not otherwise provided pursuant to this Agreement regarding the Project. Company will attempt to,provide such information by the time and in the form requested, subject to Company's ability to do so without unreasonable interference with its other work. The Owner [s] making such request shall compensate Company for the additional costs of complying with any such request.

No consultation or advisory rights provided herein shall be allowed to delay any phase of work related to the Project or to affect the sole discretion of Company in making such decisions and except as provided in Section 25 no failure by Company to inform or consult with the Advisory Committee or the other Owners shall create any liability on the part of Company under this Participation Agreement, relieve the Participant of its obligations under this Participation Agreement or entitle the Participant to reimbursement or return of any payment. Company shall not be liable to Participant on h

account of its response to any request for information except as provided in Section 25 [Liability and Indemnification] .

The Advisory Committee shall keep written records of all meetings.

wherever reference is made in this Participation Agreement to consultation with Owners, or any of them, Company may effect such consultation through the members of the Advisory Committee telephonically, in meetings, or otherwise.

The Company and each other Owner shall notify the others promptly of any change in the designation of its representatives on the Committee. In the absence of an Owner's designated representative, any alternate appearing at a

( committee meeting shall be deemed to have authority to act on behalf of the organization he represents when the Committee Chairman is furnished with written notice of such authority.

Notwithstanding any other provision of this Participation Agreement, the Owners agree that any information provided under this Agreement will not be used in a manner which (a) would compromise any part of the security system of St.

Lucie Unit No. 2 or the St. Lucie Site, (b) would be in contravention of any applicable governmental regulation, or (c) would cause Company to violate any arrangement regarding confidentiality or proprietary rights which Company has with any third party.

In the event that any information provided under this Agreement could be used as provided in the preceding sentence, it is agreed that Participant shall have no right of 1

access thereto except only under conditions prescribed by Company -to insure the continued confidentiality thereof, which conditions shall include if necessary a prohibition against making copies of such information. Participant shall have no right to the disclosure of such information in any manner which could subject the information .to a risk of disclosure as a matter of public record that is different from any risk of disclosure which applies to the Company acting solely on its own behalf. Further, Participant shall have no right to the

(

disclosure of such information if the right to such disclosure could subject the information to a risk of disclosure as a matter of public record that is- different from any risk of disclosure which applies to the Company acting solely on its own behalf.

L2. Sco e of Com an 's Authorit and Discretion.

Company or Company's successor pursuant" to Section 3l k

shall perform or cause to be performed all work authorized or contemplated by this Participation Agreement on its own behalf and as agent for. Participant, and Participant hereby irrevocably appoints Company or Company's successor pursuant to Section 3l its agent for such purpose. Unless expressly prohibited in this Participation Agreement, Company is authorized to take all actions which, in its sole discretion, are deemed necessary or advisable to effect the acquisition, planning, design, licensing, construction, completion, maintenanance, operation, decommissioning and disposal of the Project or otherwise to discharge its functions pursua'nt to the Participation Agreement.

Such authority shall include, but not be limited to the authority to incur costs, liabilities and obligations, and to perform and arrange for the performance of work, and to seLect and retain contractors, consultants, architect-engineers, attorneys, accountants and other persons, and to enter into, modify and terminate contracts and agreements and to do all things and take all actions in connection with acquiring, planning, designing, studying, licensing, zoning, permitting, certifying, obtaining approvals, engineering, training personnel, constructing, inspecting, testing, operating, maintaining, insuring, improving, renewing, replacing, decommissioning, disposing of and thereafter maintaining and securing, or in any other manner

with respect to, the Project, and to make all decisions and choices in relation thereto, all without any limitation whatsoever.

Company may replace components of the Project and may, if it elects to do so, use components removed from the Project for purposes unrelated to St. Lucie Unit No. 2, in which event the salvage value of. any such component shall be credited to Partici-pation Costs as provided, in Section 6.l and the Participant shall have no further ownership interest in such component.

Company is authorized to enforce, or to waive, adjust or compromise, any claim which the Owners may have against a third party arising out of the performance of work or supply of materials or services with respect to the Project and Participant hereby as-signs its interest in any uch claim to Company. Any sums recov-ered by Company as a result of any such claim shall be credited to Participation Costs. Company also, is authorized to de~end, bond

[. off, concede, adju'st or compromise any claim asserted against the Company or the Owners arising out of the performance of work or 4

.supply of materials or services with respect 'to the Project. Com-pany also is authorized to initiate, defend or otherwise participate in legal and regulatory proceedings affecting the Project and (except whey the subject is an antitrust review or proceeding directed solely at the Company and not jointly at the Company and all other Owners, or a dispute between Company and other Owners) to represent the Owners in any such proceeding. Xn performing such responsibilities, Company may exercise its sole discretion in making all decisions and may retain attorneys, 0

consultants and other persons and incur costs (except when the subject is an antitrust review or proceeding directed solely at

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the Company and not jointly at the Company and all other Owners, or a dispute between Company and other Owners), all of which costs shall. be includable in Participation Costs .

Nothing in this Section 12, or otherwise in this Agreement, shall be construed to prevent Participant from-disputing actions taken by the Company under this Participation Agreement, as provided in Section 36, and from selecting and retaining its own attorney for such purpose.

Participant acknowledges that Company may perform any of the above-described work through Company's own employees or affiliated entities.

,[

[

Construction.

( 13. Desi n and Company shall have sole responsibility for, and is .

fully authorized to act for Participant with respect to, the design, engineering, procurement, installation, testing and all other aspects of the construction of the Project and for any modifications, renewals, replacements or additions at'any time made to the Project. In furtherance of its responsibility, Company may select and employ design engineering services and shall select such engineering, construction, consulting and other firms as it deems desirable.

During the course of design and construction of the Project it will be necessary to make a number of decisions.

These may include decisions on whether to continue to incur costs in the face of legal, regulatory and economic risks and may in-elude decisions as to whether the construction should continue at all. Company is authorized'n its sole discretion to make all decisions regarding design and construction of the Project, including decisions to (or not to) halt or defer construction or to cancel construction thereof, and decisions regarding modifi-cations of the design of the Project, and Company's sole discre-tion in this regard shall not be affected by the other Owners'ights of consultation as described elsewhere herein.

No decision, action or inaction by Company pursuant to this Section 13,shall relieve the Participant of its

obligations under this Participation Agreement, or entitle the Participant to reimbursement or return of any payment, or create any liability on the part of Company other than as provided in Section 25.

14. Re ulator Licenses and A rovals.

Company is authorized to proceed on its own behalf and on behalf of Participant to attempt to obtain all licenses, approvals and permits for the Project from the Nuclear Regula-tory Commission, and other regulatory authorities, including the State of Florida, the Environmental Protection Agency, the Army Corps of Engineers and local and regional government authori-ties, required for construction and operation of St. Lucie Unit No. 2; Company shall be responsible for the conduct of such regulatory proceedings before the Nuclear Regulatory Commission and the State of Florida as are required for approval of transfer of. an ownership interest to Participant, and shall extend its best. efforts to obtain such approval Participant shall cooperate with Company and provide such assistance as is I

reasonably requested in connection with any legal or regulatory proceeding described in the preceding sentences. Participant shall be responsible for securing and shall make its best effort to secur'e, any other approvals required to be obtained by it from any governmental authorities, including such approvals as are necessary for its participation in St. Lucie Unit No. 2, and Company shall cooperate in such efforts.

Company may, in its sole discretion, make all decisions regarding adherence to health, safety and environmental regula-tions and requirements imposed by any government authority, in-cluding the Nuclear Regulatory Commission.

P Company shall be solely responsible for all relation-ships concerning the Project with the Nuclear Regulatory Commission, the State of Florida, Department of Environmental Regulation, and any other federal, state or'ocal government agencies or authorities exercising regulatory, jurisdiction over the Project. It is agreed that Participant will not utilize its position as an applicant or licensee to apply for or request any amendment to a license or permit for the Project, provided, that Participant shall not by this sentence be foreclosed from petitioning the Nuclear Regulatory Commission or any other agency for any relief, or otherwise from appearing in regulatory proceedings, so long as the status of Participant as an applicant or licensee for the Project is not invoked.

Operation and Maintenance.

St. 'Lucie Unit No. 2 shall be controlled and dispatched by Company. Company shall have the sole responsibility for, and is, authorized to act for the Participant, with respect to, opera-tion and maintenance of the Project. In furtherance of such responsibility Company shall have the authority reasonably to restrict access to the Project, and Company sha11,select, hire, control and discharge (when deemed appropriate by Company) such personnel as are required, which personnel shall., be employees of Company, unless otherwise determined by Company. In addition, Company may select and employ such engineering, consulting and other firms as it deems desirable with respect to operation and maintenance of the Project.

Upon reasonable advance notice to Company, Participant's designated employees and agents shall be granted reasonable ac-

'[ cess to the Project, consistent with limitations imposed by Com-pany in accordance with Generally Accepted Electric Utility Practice, subject to the regulations of the Nuc1ear Regulatory Commission.

In connection with operation and maintenance of the Project it will be necessary to establish certain policies and to make a number of decisions. For example, refueling operations and routine maintenance must be scheduled. Moreover, it may become necessary to make, sometimes'nstantaneously, decisions concerning whether to continue operating St. Lucie Unit No. 2 (0 i

under some circumstances. Further, it may be necessary at some

( future time or times to decide whether to operate St. Lucie Unit, No. 2 at less than full power or whether to suspend or terminate operation altogether in light of technical, economic, legal, regulatory, power system or other considerati'ons not now antici-pated. Company is authorised in. its sole discretion to make all decisions regarding operation and maintenance of the Project, including decisions concerning the times and power levels at and at which St. Lucie Unit No. 2 is to be operated and decisions r

regarding 'suspension and termination of operation, and Company's sole discretion in this regard shall not be affected by the other Owners'ights of consultation as described elsewhere herein.

In the event, and only in the event, that after Firm Oper-ation, the Company voluntarily ceases to operate or reduces output from St. Lucie Unit No. 2 for the reason that the cost of energy that could have been generated by St. Lucie Unit No. 2 would nave been more expensive to the Company than the cost of energy avail-able to the Company from sources other than St. Lucie Unit No. 2, the Company will make, available to the Participant replacement power and energy in each hour equal to the amount thereof reason-ably anticipated to have been available to the Participants from St. Lucie Unit No. 2 at a cost equal to the estimated variable cost of producing such power and energy from St. Lucie Unit No. 2 tnat would have been incurred if St. Lucie Unit No. 2 wer continued in operation without such cessation or reduction of I

(.

(

output, with appropriate adjustments being made for reasonably determinable changes in operating conditions.

Company shall make available such replacement power and energy, in accordance with this Section, until such time as St.

Lucie Unit No. 2 is permanently retired from Company service.

No decision,'ction or inaction by Company pursuant to this Section l5 shall relieve the Participant of its obliga-tions under this Participation Agreement, or entitle the Partici-pant to reimbursement or return of any payment, or create any liability on the part of the Company other than as provided in Section 25.

16. Planned Ca ital Improvements.

Company shall have the authority to make such Capital Improvements to St. Lucie Unit No. 2 as it deems appropriate, and Participant shall be responsible for its Ownership Percentage of the costs associated with Capital Improvements.

If at any time after Firm Operation the Company proposes to embark upon a Capital Improvements project for St. Lucie Unit

~

J No. 2 (excluding repairs, restoration or reconstruction pursuant to Section 29 [Destruction, Damage or Condemnation]), which is estimated to cost in excess of $ 100,000,000, Company shall inform Participant thereof as soon as practicable under the circumstances, and shall make its'est efforts to so inform Participant at least 120 days prior to commencement of the project.

As soon as practicable, Company shall provide r Participant with a written notice of the proposed planned Capital Improvements project that describes the Company's proposed plans and provides the Company's estimate of the cost thereof, reasons therefor, and the proposed commencement date of the project, and affords Participant an option of reducing its Ownership Percentage in lieu of contribution to the cost of the planned Capital Improvements pr'oject as set forth below.

Nithin ninety days from receipt of Company's written notice, but in no event less than 30 days prior to the proposed commencement date of the project, Participant shall exercise such option by providing written notice to Company that Participant elects not to contribute to the cost of the planned Capital Improvements project or such option shall expire and upon the expiration of such option Participant shall be responsible for its Ownership Percentage of the costs associated with the planned Capital Xmprovements project.

Xf Participant exercises its option not to contribute to the cost of the planned Capital Improvements project, an adjust-ment will be made, following the completion of the planned Capital Improvements project, to reduce Participant's Ownership

'I Percentage and increase Company's Ownership Percentage so that, following completion of the Capital Improvements project, the respective Ownership Percentages of Company and Participant shall bear the same ratio one to the other as Company's and Partici-pant's respective Net Xnvestments in St. Lucie Unit.No. 2 as of the first day of the month following completion of the Capital Improvements project. Nothing in this Section shall prevent Company from modifying its plans for Capital Xmprovements or from electing pursuant to Section 18 to retire St. Lucie Unit No. 2, whether or not Participant has exercised its option pursuant to this Section.

Nuclear Fuel.

17.1 Su 1 and Dis osal of Nuclear Fuel. Company or Company's successor pursuant to Section 31 shall have sole responsibility for and is fully authorized to act as agent for Participant with respect to all nuclear fuel and fuel cycle service needs for St. Lucie Unit No. 2 including, without limitation, the design, procurement (whether by purchase, lease or other means), insurance, conversion,. enrichment, fabrication, transportation, reprocessing, storage and disposal of nuclear fuel and related materials (including irradiated fuel and radio-active waste and other products resulting directly, or as a result of reprocessing,- from unit operation) . Company is author-ized to enter into such arrangements as it deems appropriate and to make all decisions regarding nuclear fuel and fuel cycle I

services, and Company's discretion in this regard shall not be affected by the other Owners'ights of consultation as described elsewhere herein.

In discharging its responsibilities under this Section 17, the Company itself may provide fuel materials, components or services associated with the provision of nuclear fuel and may purchase or lease any such fuel materials, components or services from a third party or from a corporation or other business association or entity owned or controlled in whole or in part by Company or in which Company is otherwise interested.

Ownershi and Financin of Nuclear Fuel.

Each Party shall own an undivided interest in nuclear fuel equal to its Ownership Percentage whether acquired by purchase, lease or other means (including irradiated fuel and radioactive waste and other products resulting, directly or as a

\

result of reprocessing, from unit operation) that are designated by Company as related to St. Lucie Unit No. 2 (which designation shall occur at'r about the time of irradiation of such nuclear fuel or related material in the St. Lucie Unit No. 2 reactor) .

Each Party may provide its own method of financing its Owneiship Percentage of the cost thereof, provided that no Party shall enter into any financing arrangement which imposes any obligation upon any other Party or which restricts or limits the rights of the other Parties to finance the costs associated with their undivided interests. A Party may sell or assign all or any part of its interest in nuclear fuel to any person or entity (the "Fuel Lessor" ) for leaseback to such Party subject to the conditions that (i) the Fuel Lessor shall waive irrevocably all rights to partition of such nuclear fuel prior to. completion of the reprocessing thereof; (ii) the Fuel Lessor shall not obtain any rights not possessed by such Party with respect to the operation or scheduling of St. Lucie Unit No. 2 or the removal of nuclear fuel therefrom; (iii) the Fuel Lessor shall not become a Party to this Participation Agreement unless and until it succeeds to all of such Party's rights, title and interest 'to

! the Project in accordance with Section 31; and (iv) such Party t

shall indemnify all other Parties against any costs or expenses incurred by them because of such Party's sale and leaseback of its interest in nuclear fuel.

Company operates nuclear generating units other than St. Lucie Unit No. 2 and is engaged in obtaining nuclear fuel and fuel cycle services for those other generating units. In this connection, and in connection with any other business acti-vities in which the Company may participate from time to time, Company will'or may hold an interest in materials or equipment related to nuclear fuel (including, by way of example and not limitation, uranium ore reserves, mined or unmined, and uranium

![ concentrates (U308)) . It is agreed that Participant's owner-ship of an interest in St. Lucie Unit No. 2 will not result in

! Participant receiving or holding any ownership interest in any nuclear fuel, fuel cycle services, or related material or equip-t ment or related right or asset (such as a contract for provision of enrichment or other services) until and unless Company has, by express written notice directed and transmitted to the Parti-cipant, designated such nuclear fuel or related material or equipment or right or asset as related to St. Lucie Unit No. 2 (which designation'shall occur at or about the time of irradiation of such nuclear fuel or related material in the St.

Lucie Unit No. 2 reactor).

17.3 Uranium Account.

17.3.1 Final Accountin s. Company shall set up a separate Uranium Account in order to provide final accountings to the Owners from time to time for all costs pertaining to all nuclear fuel, fuel cycle ser'vices and related materials charged to Participation Costs.

17.3.2 Accountin for Uranium Concentrates Su lied from Com an 's Inventor . Company shall designate uranium concentrates that are supplied from Company's inventory (and/or other comparable fuel materials, such as mixed oxide fuel material) to the Uranium Account at or about the time of the irradiation of such material in the St. Lucie Unit No. 2 reactor. At such time, Company shall determine the actual cost basis of such material as of the date that such material was transferred on the Company's books from FERC Account 120.2 to I FERC Account 120.1, modified as set forth in Section 17.3.3, and with the actual costs of such material accounted for on a "first

[ in-first out" basis exclusive of any AFUDC on the Company's books. As soon thereafter as practicable, Company shall transfer such costs from the Uranium Account to Participation Costs, to be billed to Participant (with appropriate credits pursuant to Section 17.4) on -its next regular monthly billing of operating costs.

17.3.3 Combustion En ineerin , Inc. Contracts.

Company has contracted with Combustion Engineering, inc., for the supply of the initial fuel core and first reload core for St. Lucie Unit No. 2 and may contract with Combustion Engineering, Xnc. for additional fuel and/or fuel services for St. Lucie Unit No. 2. The Company's cost basis in these contractual rights will be included in the Uranium Account to the extent that such contractual rights can be used by St. Lucie Unit No. 2.

17.3.4 Westin house Settlement. Company has entered into a settlement with Westinghouse Electric Corporation of that certain action filed under Docket No. N.D.L. 235, U.S.

District Court, E.D. Va., Richmond Division. Costs pertaining to any nuclear fuel, fuel cycle services and related materials supplied to the Company by Westinghouse Electric Corporation pursuant to said settlement shall be excluded from the Uranium Account.

17.3.5 Nuclear Fuel AFUDC. Company shall add an allowance for its cost of capital-at the AFC rate to all costs included in the Uranium Account, from the date of each expenditure until payment by the Participant pursuant to each final accounting contemplated by the Uranium Account. Company's allowance for its cost of capital shall be set off against Participant's allowance for its cost of capital as set forth in Section 17.4.

j 17.4 Advance Pa ents b Partici ant to the Uranium I Account. Company shall notify Participant of the amount and expected date of each expenditure that Company anticipates will be included in the Uranium Account pursuant. to its then projected fuel loading schedules, and shall request payment by Participant of its approximate Ownership Percentage thereof at least 30 days in advance of the date required of Participant for payment, and ~here practicable in conjunction with payment of Participant's monthly statement of current costs provided pursuant to Section 9 for the month following such request.

Failure by Participant to timely make such payment shall be under Section 33. a'efault Solely for purposes of the accounting provided in this Section 17.4, each advance payment made by Participant pursuant to this Section 17.4 shall have added to it an allowance for the cost of capital computed at the AFC rate, from the date of receipt of each such payment by Company until the date that such expenditure is transferred from the Uranium Account to Participation Costs. The purpose of this allowance is to provide a convenient accounting method 'for offsetting the Company's allowance for funds included in the Uranium Account (computed at the AFC rate), so that advance payments made by Par ticipant to the Uranium Account should eliminate the Company's allowance for funds, on average.

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All advances made by Participant pursuant to this Section 17.4 (including the above allowance) shall be set off against the costs in the Uranium Account for which Participant is responsible.

Since the Participant's advances vill be based on estimates of future requirements, the Parties anticipate that this set off will result in a balance owing to either Company or Participant. Such balance, whether owed by Company to Participant, or by Participant to Company, will continue to accrue an allowance for funds at the APC rate until paid, and shall be paid with or credited against the next monthly statement for Participation Costs upon each transfer of costs from the Uranium Account to Participation Costs.

In requesting advance payments from Participant pursuant to this Section 17.4, Company shall use its best t efforts to request payments at such times and in such amounts that the set offs anticipated above will result in a zero balance owing to either Company or Participant on average.

Amounts paid pursuant to this Section 17.4 shall not be segregated, but shall be credited by Company to Participant's account.

)

17.S S ent Fuel Stora e Ca abilit 17.5.1 Use b Compan . Company shall have the exclusive right to utilize the spent fuel storage capability at the Unit Site for other than St. Lucie Unit No. 2. When this right is being exercised, Company shall pay Participant a

,monthly charge therefor to be calculated in accordance with Exhibit XV. Such charge shall be payable when Company first utilizes such storage for nuclear fuel other than St. Lucie Unit No. 2 fuel, and shall be payable only so long as and to the extent that Company utilizes such storage for that purpose.

Xf and to the extent that Company's utilization of such spent'uel storage capability creates a situation where St.

Lucie Unit No. 2.fuel cannot be stored at the Unit Site, then Company shall either remove its fuel assemblies stored at the Unit Site in order to provide storage at the location for St.

Lucie Unit No. 2 fuel assemblies, or provide comparable storage and safeguarding for St. Lucie Uni,t No. 2 spent fuel at another facility provided by Company, in which event Participant shall pay Company a monthly charge therefor to be calculated in accordance with Exhibit XV. Xn this latter event, Company shall pay the cost of transporting the St. Lucie Unit No. 2 fuel assemblies to an'y interim location, and the Owner or Owners shall pay for such transport from the interim location to any location then understood to be the final destination of assemblies so displaced.

I 17.5.2 Indemnificat'ion b Com an . Company hereby agrees to indemnify and hold harmless Participant and its agents, servants and employees for liability to third parties incurred as a result of Company's transporting St. Lucie Unit Ho. 2 spent fuel to another location because of Company's use of the spent fuel storage capability at the Unit Site for spent fuel other than St. Lucie Unit No. 2 spent fuel. Such indemnification shall hold harmless Participant, its agents, servants, and employees, against any and all liability and any and all losses,,damages, injuries, costs and expenses, including expenses incurred by Participant, its agents, servants and employees, in connection with investigating any claim or defending any action.and including reasonable attorneys fees incurred or suffered by Participant, its agents, servants and employees, by reason of the assertion of any such claim against Participant, its agents, servants or employees.

17. 5. 3 Assum tion of Def ense b Com an . Company may assume on behalf of Participant, its agents, servants and employees, at its option after written notification to .

Participant, the defense of any action at law or in equity which.

may be brought against Participant, its agents, servants or employees, upon any claim described in Section 17.5.2. Company, regardless of whether it assumes the defense of any action of Participant or defends such action, will pay on behalf of Participant, its agents, servants'r employees, all costs associated with the defense of the claim and the amount of any judgment that may be entered against Participant, its agents, servants or employees, in any such action.

17.6 Title to and Liabilit for St. Lucie Unit No. 2 P"

originating from St. Lucie Unit No. 2 shall remain at all times in the Owners in proportion to their respective Ownership Percentages.

17.7 Fuel Plan. Xn conjunction with Company's fuel procurement planning, Company shall prepare a ten-year fuel plan which will initially be made available to Participant upon.

closing and which shall be updated by March 1 of each year following the year of closing. This fuel plan shall describe, for 'a period of ten calendar years following the year in which the plan is submitted to Participant, the estimated annual costs and schedule for meeting forward requirements for nuclear fuel for St. Lucie Unit No. 2.

The fuel plan shall set forth the then-current fueling schedule for the St. Lucie Uni,t No. 2 generating facility.

Based upon the requirements of such facility, Company shall provide Participant with a summary of the advance payments for the next 12 months anticipated from Participant pursuant to Section 17.4. Company shall not be required to include in the fuel plan any information which in Company's sole judgment would violate confidentiality provisions of its supply or service

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lo k contracts or the disclosure of which could impair Company's competitive position in the nuclear fuels market.

The fuel plan shall be provided for planning purposes only, and shall not bind Company in any respect or govern for the purpose of determination of the cost or payment schedule under this Agreement. 'equired The fuel plan and all information contained therein, and any information derived therefrom, are confidential and proprietary information of Company, and Participant shall not disclose any such information without obtaining the advance written consent of Company, except where such disclosure is required by law or regulation or in connection with assertion of a claim or defense in judicial or administrative proceedings involving Participant in which event Participant shall advise Company in advance,and cooperate to the maximum extent practicable to minimize the disclosure of such information.

18. Decommissionin and Disposal.

Company in its sole discretion shall have the authority to determine at any time when the Estimated Useful Life or Economic Life of St. Lucie Unit No. 2 has ended and thereupon to retire St. Lucie Unit No. 2. Company shall exercise said dis-cretion in good faith. Thereupon,,consistent with Section 20, Company may take such action, on behalf of all Owners, as may be.

to terminate operation and to place St. Lucie Unit No.

I'ecessary 2 in a safe shutdown condition, and further may, in its sole discretion, decommission and dispose of and thereafter maintain I: St. Lucie Unit No. 2. Company shall have sole responsibility for, and is fully authorized to act on 'behalf of Participant with respect to termination of operation, decommissioning, disposal and subsequent maintenance of St. Lucie Unit Ho. 2 (including all related waste products and materials). Each Owner shall be responsible for its Ownership Percentage of all costs incurred in connection therewith (in accordance with Section 6), and shall E

be entitled to its Ownership Percentage of the salvage value of St. Lucie Unit No. 2.

19. Provision

~

~ ~

for Decommissionin Costs.

~ ~ ~

~

Beginning with Pirm Operation,

~ ~ ~ ~ ~

Company intends to pro-vide for decommissioning and disposal costs through including in its depreciation rates and charges a negative salvage value applicable to St. Lucie Unit. No. 2. Participant shall provide through its depreciation rates and charges a negative salvage value no less at any time than that provided by Company in its depreciation rates as reported to or ordered by the Federal Energy Regulatory Commission or its successor. If Company, by, its own decision or by order of any governmental authority, pro-vides at any time a fund or other security for decommissioning and/or disposal of St. Lucie Unit No. 2, Participant 'shall con-tribute to such fund or other security in proportion to its Ownership Percentage or establish a separate fund or security .in proportion to its Ownership Percentage of decommissioning and/or disposal costs which shall be available for the payment of de-commissioning and disposal costs on the same basis and with the same priority as the fund provided by Company.

0 i

t~~

20. Limited Purchase 0 tion for Partici ants.

! 20.1 Prior to Firm 0 eration. Prior to the date of Firm Operation of St. Lucie Unit No. 2, in the event, and only in the event, Company permanently retires and/or permanently abandons St. Lucie Unit No. 2, then each Owner other than Company owning an Ownership Percentage of St. Lucie Unit No. 2 may, at its option, require Company to convey its Ownership Percentage to such Owner, free and clear of all mortgages, liens, and other encumbrances, at a cost equal to Company's Net Investment in St.

Lucie No. 2 as of the date of conveyance. Payment shall be made for such conveyance in readily available funds. In the event that more than one Owner wishes to exercise this option, each Owner shall be entitled to purchase a pro rata share of Company's Ownership Percentage, based on the relative Ownership Percentages of each Owner wishing to exercise this option. The determination fg of the Company, subject to disapproval by the Federal Energy Reg-ulatory Commission or its successor, shall be conclusive as to whether Company has retired or permanently abandoned St. Lucie Unit No. 2.

20.2 At or After Firm 0 eration. On and after the date of Firm Operation of St. Lucie Unit No. 2, in the event that, and only in the event that, Company shall permanently retire St.

Lucie Unit No. 2, then each Owner other than Company owning an Ownership Percentage of St. Lucie Unit No. 2 may, at its option, require Company to convey its Ownership Percentage of St. Lucie

Unit No. 2 to such Owner, free and clear of all mortgages, Liens and other encumbrances, at a cost equal to Company's Net Invest-ment in St. Lucie Unit No. 2 as of the date of retirement by Company of St. Lucie Unit No. 2. If Company's Net Investment is negative at such date, Company shall pay the Participant such amount and Participant shall place such funds in trust or make comparable arrangements to assure that such funds shall be devoted to defraying decommissioning and disposal costs and to no other use. Payment shall be made for such conveyance in readily available funds. In the event that more than one Owner wishes to exercise this option, each Owner shall be 'entitled to purchase a pro rata share of Company's Ownership Percentage, based on the relative Ownership Percentages of each Owner wishing to exercise this option. The determination of the Company, sub-ject to disapproval by the Federal Energy Regulatory Commission or its successor, shall be conclusive as to whether Company has retired St. Lucie Unit No. 2.

20.3 Conditions Precedent. No option provided in this Section 20 shall be valid or exercisable unless and until each Owner wishing to exercise said option shall have obtained'll necessary regulatory approvals, and unless Company shall have been released from all obligations and liability relating to St.

Lucie Unit No. 2..

20.4 Common Facilities, Related Facilities and St.

Lucie Site. Should Participant and/or other Owners exercise one of the options provided in Sections 20.l and 20.2, Company shall permit such Owner(s) to use the St. Lucie Site, Common Facilities and Related Facilities as required for enjoyment of St. Lucie Unit No. 2 on terms which equitably apportion the costs associ-ated with Common Facilities, Related Facilities and the 'St. Lucie Site between the Company and such Owner(s) .

I

21. St. Lucie Site and Common Facilities.

Company will make such use as is appropriate of the St.

Lucie Site in carrying out its responsibilities under this Par-ticipation Agreement, and will maintain the St. Lucie Site in a manner that accommodates the operation of St. Lucie Unit No. 2.

Company may, in its sole discretion, acquire additional property rights, dispose of existing property rights (except the Unit Site), or otherwise modify the St. Lucie Site at any time. This Participation Agreement shall not be construed as conveying to Participant" any real property rights or interests in the St.

Lucie Site, except the interests in the Unit Site conveyed pursu-ant to Section 5.

Company may, in its sole discretion, acquire or con-struct additional Common Facilities, modify, remove or add to existing Common Facilities, and maintain, repair, replace and t renew Common Facilities without consulting Participant. Company will maintain the Common Facilities in a manner that accommodates operation of St. Lucie Unit No. 2; however, Company shall not be liable to Participant with respect to its maintenance of the St.

Lucie Site and Common Facilities except as provided in Section 25.

Except for transfers of undivided ownership interests as contemplated by Sections 2 and 31, in the event of sale of any portion of. the St. Lucie Site or Common Facilities one-half of the net proceeds of such sale shall be credited to Participa-

tion Costs and reflected on the second succeeding monthly state-ment provided thereafter pursuant to Section 9 (and on following monthly statements if required until such credit has been fully offset against'Participation Costs). Proceeds from the sale of portions of the St. Lucie Site which contain structures or fix-tures related solely to St. Lucie Unit No. 1 shall be reduced by the net proceeds from the sale of such structures or fixtures (as determined in good faith .by Company) before the net proceeds referred to above are determined.

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22. Inventories and Related Facilities.

(. Company has sole responsibility for acquiring Related Facilities and,acquiring and maintaining at appropriate levels inventories of materials, supplies and spare parts required for operation and maintenance of St. Lucie Unit No. 2. However, Company shall not be liable to Participant with r'espect to these responsibilities except as provided in Section 25.

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23 Execution of Contracts.

Contracts covering design, engineering, scientific studies, ecological monitoring, radiological and other monitor-ing, procurement, construction and installation services and major components of't. Lucie Unit No. 2 and all other contracts relating to procurement, operation and maintenance of, or other-wi'se with respect to, St. Lucie Unit No. 2, including contracts for the acquisition of materials, inventories, supplies, spare parts, equipment or services therefor, shall be executed solely by Company. However, all benefits derived from such contracts related to St. Lucie Unit No. 2 that are not realized on behalf of St. Lucie Unit No. 2 (e.g., because of a contractor's default and recovery by the Company of damages therefor, or because of the sale or assignment of a contract right) shall be credited to Participation Costs. whether or not a contract is entered into t in the name of all Owners, each Owner shall be severally and not jointly responsible to the other Owners for its Ownership Per-centage of all amounts which are payable under or with respect to such contract. Participant, to the extent of its ownership interest in St. Lucie Unit No. 2, shall be bound by the terms of such contracts to the same extent as Company, and, upon Company's request, Participant shall execute any and all such contracts as an Owner of an Ownership Percentage of St. Lucie Unit No. 2 and execute. any and all other related instruments evidencing its undertaking of obligations equivalent to those undertaken by Company.

t

24. Generall Acce ted Electric Utilit Practice .

Company shall perform its obligations according to Generally Accepted Electric Utility Practice, but Company shall have no liability to Participant under any circumstances nor shall Participant be relieved of any obligation to make payment except as provided in Section 25.

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Liabilit and Indemnification.

Except for the obligation to make the payments. required by this Participation Agreement, and except as provided in Sec-tion 17.5.2 herein, and except to the extent that such liability is discharged by the insurance described in Section 26, no O~ner or its directors, officers, Commissioners, Councilmen, agents, or employees, shall have any liability in contract, in tort or otherwise to other Owners, or to any of them, for any direct, indirect or consequential loss, cost, damage or other expense incurred or sustained as a result of any act or failure to act, whether or not negligent (including gross negligence, sole negligence or any other type of negligence), or otherwise, by such Owner, or its governing board members, directors, officers, Commissioners, Councilmen, agents, employees or contractors, or by any other person or persons for whom such party is deemed responsible, in performing or failing to perform the provisions of this Participation Agreement, and shall only be liable for such loss, cost, damage or other expense resulting from Willful Action.

Except to the extent that such liability is discharged by applicable insurance, no Owne'r or its governing board members, directors, officers, agents, or employees, shall have any liabil-ity in contract, tort or otherwise to the other Owners, or to any of them, for any direct, indirect or consequential loss, cost, or damage, or other expenses incurred or sustained as a result of

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any act or failure to act, whether or not negligent (including gross negligence, sole negligence or any other type of negli-gence), or otherwise, by the Company, or its directors, of f icers, agents, employees or contractors or any other person or persons for whom Company is deemed responsible arising out of Company's construction, maintenance'of, or other activities in respect of any other generating unit at the St. Lucie Site, and shall only be liable for such loss, cost, damage or other expense resulting from Willful Action.

The Parties shall share in proportion to their Ownership Shares the cost incurred by the Owners or any of them in dis-charging liability and other responsibilities to third parties incurred in the performance of the work contemplated by this Participation Agreement, except to the extent that such liability results from Willful Action. The Participant shall, to the ex-1 tent of its Ownership Percentage, indemnify and save harmless Company, its directors, officers,. agents, employees or contrac-tors, from and against the cost of discharging liability to or compromising or satisfying claims or demands by any third party or parties (including without limitation attorneys,'ees, costs and expenses in connection therewith, whether incurred at pre-trial, trial or appellate -proceedings) arising out of any per-sonal injury, including death resulting therefrom, or out of any damage to or loss or destruction of property, or out of any claim based on tort, contract, or otherwise, which is in any manner

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based upon, occasioned by or attributable to the undertaking or I performance or omission or failure to perform by Company, its directors, officers, agents, employees, contractors or by any other person or 'persons for whom Company is deemed responsible, of the responsibilities assigned to Company by this Participation Agreement, notwithstanding that such damage, loss or claim may be the result of negligence, sole negligence, gross negligence, or otherwise, except to the extent that such liability, losses, claims or demand are discharged by the insurance described in Section 26 or, are caused by Nillful Action on the part of the Company.

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I 26. Insurance and Uninsured Losses.

( Company is authorized to procure and maintain, and shall procure and maintain if reasonably available, policies of insur-ance with respect to St. Lucie Unit No. 2 and the construction, operation, ownership, output, maintenance, decommissioning and disposal thereof which, subject to the other provisions set forth in this Section 26, shall afford protection against such in-surable hazards and risks as the Company in its sole discretion shall determine'. Each Owner shall be responsible for its Owner-ship Percentage of the cost of such insurance, as provided in Section 6 and shall be .entitled to benefits, coverages and emolu-ments therefrom as herein set forth. (Any insurance credits shall be credited.to Participation Costs.) Insurance may become unavailable against certain risks, or Company may elect not to insure against certain risks, in which event such risks shall be 1' borne by the Owners in proportion to their respective Ownership Percentages.

Company shall procure and maintain in force liabil-ity insurance from the Nuclear Energy Liability Insurance Associ-ation (NELIA) and/or the Mutual Atomic Energy Liability Under-writers (MAELU), or other insurer(s), to the extent reasonably available, in such form and amount as shall meet the financial.

protection requirements of the Nuclear Regulatory Commission pursuant to Section 170b of the Atomic Energy Act of 1954, as amended. If reasonably available, Company shall also secure

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a Government Indemnity Agreement with the Nuclear Regulatory Commission pursuant to Section 170c of the Atomic Energy Act of 1954, as 'amended. In the event that the nuclear liability. pro-tection system contemplated by Section 170 of the Atomic Energy Act of 1954,. as amended, is repealed or otherwise modified by final legislative or judicial action, Company will procure and maintain in force, to the extent reasonably available and con-sistent with the then prevalent industry practice, nuclear'ia-bility protection through indemnity, limitation of liability, or liability insurance. To the extent that any such nuclear liabil-ity insurance system may require that the licensee or licensees of St. Lucie Unit No. 2 purchase surety bond protection, create II reserve funds for security, enter into guaranty agreements, make payments upon the happening of a contingency that 'are in addition to regular premium payments (in the form of deferred premiums or otherwise), or otherwise enter into any contractual obligations I

whatsoever and in whatever form, the method or methods utilized for satisfying such obligations shall be at the sole discretion of the Company. Participant agrees to assume its Ownersnip Share of such obligations and to be respon- sible for its Ownership Percentage of all such costs .

k All policies of insurance provided pursuant to this Section shall, unless otherwise specifically provided herein, provide such insurance values, limits, deductibles, retentions and other terms as determined by Company.

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Except as otherwise s'pecified herein, each policy obtained pursuant to this Section shall to the extent of its=

insurable interests, and provided it is so permitted by the policy, include the Participant as an insured, as its interests may appear, to the same effect as if separately insured, and shall, if Participant shall so request, include, as insured or loss payees, mortgagees and others holding a security interest in Participant s undivided interest in St. Lucie Unit No.2; and certificates of insurance for all such policies shall be pro-vided to Participant upon request.

Company shall make reasonable efforts to amend existing policies and'o obtain future policies that shall not be can-celled unless at least sixty (60) days advance notice of such proposed cancellation is furnished to the Owners by the insurer.

Company sha'll annually notify the Owners of insurance in effect, and from time to time of'ny cancellation or sub-stantive change of insurance in effect as they occur.

Xf policies obtained pursuant to this Section cover more

-than one unit at the St. Lucie .Site, the premium shall be allo-cated among all such units in accordance with Section 6.

Company shall have authority on behalf of Participant to settle any loss covered by any policy of insurance carried by Company.

Company is currently a member of a mutual insurance com-pany organized by electric utilities, and may from time to time

0 determine to continue or discontinue this membership or to pro-i cure additional or different insurance coverage through one or more mutual insurance companies. All costs incurred by Company in connection with its participation in any such mutual insurance company which are properly allocable to St. Lucie Unit No. 2 L

shall be deemed Participation Costs; and it is understood that such costs include a portion of the cost associated with loan commitments obtained by any such mutual insurance company from lending institutions and that such costs may include significant, extraordinary payments by Company in respect of Company's contin-gent obligations pursuant to any agreement or agreements with any such mutual insurance company or otherwise, which, if incurred, shall be allocated pursuant to Section 6. Participant shall not be entitled, by virtue of its status as an Owner, to participate in any such mutual insurance company or to exercise any voice in the management or control thereof. Participant does not acquire any interest in any mutual insurance company reserve fund or I

other fund to which Participant has not directly contributed, provided that proper credits shall be made to Participation Costs where appropriate. To the-extent permitted by law and the appli-cable insurance companies, the Company hereby agrees to include the insurable interests of any Owner(s) (or any mortgagee or other person holding a security interest in that Owner's undi-vided interest) as an insured or mortgagee as the case may be on any policy issued by the mutual insurance company, and any

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0 payment received by Company from any such mutual insurance company in respect of St. Lucie Unit No. 2 shall be credited to Participation Costs.

It is recognized that the amount of property insurance available to generating units at a nuclear electric generating site may be subject to an overall site limitation and that if so,

'I Company may be unable to obtain all of the property insurance coverage which would otherwise be desirable. In this event, in-surance proceeds received on account of damage shall be allocated in the following 'manner:

P (a) Xn the event that any unit or units or the St.

Lucie Site or any property thereon (" Insured Facility", or "Facil-ities") sustains damages that are less than the insurance policy limit of coverage, all proceeds payable on account of such dam-ages shall be wholly allocated to the damaged Insured Facility or Facilities as damages may have been sustained thereby.

(b) If damages to Insured Facilities are greater than the insurance policy limit of coverage, then proceeds payable on account of such damages shall be allocated to each damaged In-sured Facility in proportion to the most recent reported in-surable value of such damaged Insured Facility to the total most recent reported insurable value of all damaged Insured Facili-ties; provided, however, that if the insurance proceeds so

allocated to any damaged Insured Facility are in excess of damages sustained by such Insured Facility then the difference shall be reallocated to the other Insured Facility or Facilities.

For purposes of this provision the insurable value of Common Facilities shall be equally divided between St. Lucie Unit No. l and St. Lucie Unit No. 2.

Except as provided in Section 25, Company shall not be liable as a result of any failure (i) to procure or maintain in-surance with respect to any interest of, or risk or hazard in-curred by, any other Owner, or (ii) to secure the presence or exclusion of certain limits, deductibles, retentions, insurable values, endorsements or other terms or conditions in any policy of insurance relating to St. Lucie Unit No. 2, or (iii) to pro-

!j cure or maintain insurance'under any particular type or form of policy, or (iv) to cause any Owner or other person or entity to

~ be named as an insured on any insurance policy; nor shall Company be liable to any other Owner as a result of its procuring or maintaining any insurance with any particular insurers, under-writers, stock companies, mutuals, pools or groups of under-writers.

Subject to the approval of the Company,- which approval will not be unreasonabl y withheld Part zcxpant may purchase additional insurance at its own expense, or may request the Company to purchase such insurance at the expense of the Participant. Participant will pay all incremental costs

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'incurred as a result of purchasing such insurance, including I costs of inspections and other requirements of the insurer. The proceeds from such additional insurance shall be disbursed to the Participant.

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Relationshi of Owners.

The covenants, obligations and liabilities of the Owners are intended to be several and not joint or collective and nothing herein contained shall ever be construed to create an association, joint venture, trust or partnership, or to impose a trust or partnership covenant, obligation or liability on or with regard to any one or more of the Owners. Each Owner shall be in-dividually responsible for its own covenants, obligations and liabilities as herein provided. No Owner or group of Owners shall be under the control of or shall be deemed to control any other Owner or the Owners as a group. No Owner shall be the agent of or have. a right or power to bind any other Owner without its express written consent, except as expressly provided in this Participation Agreement.

If it should appear that one or more changes to this Participation Agreement would be required in order not to create such an entity, the Owners agree to negotiate promptly in good faith with respect to such changes.

The Owners hereby elect to be excluded from the applica-tion of Subchapter "K" of Chapter 1 of Subtitle "A" of the In-ternal Revenue Code of 1954, or such portion or portions thereof as may be permitted or authorized by the Secretary of the Treasury or his delegate insofar as such Subchapter, or any por-tion or portions thereof, may be applicable to the Owners under this Participation Agreement.

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Upon the request of any Owner, and at the expense of the requesting Owner, the other Owners agree to furnish infor-mation and otherwise provide cooperation, in a timely manner, as may be requested by any Owner in connection with a ruling re-quested by such Owner from the Internal Revenue Service because of this Participati'on Agreement.

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%giver of Partition.

( The Parties hereby individually waive any rights which each may have to partition all of the Project or any part of the Project, including without limitation the Unit Site, whether by partition in kind or by sale and division of the proceeds, and each Party further agrees that it will not resort to any action in law or in equity for partition, and each waives the benefits of all laws that may now or hereafter authorize such partition, which waiver shall be for a term (i) which shall be coterminous with this Agreement, or (ii) which shall be for such. lesser period as may be required under applicable law.

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Destruction, Dama e or Condemnation.

If St. Lucie Unit No. 2 (including any portion) is destroyed, damaged or otherwise rendered inoperative, Company may, in its discretion, elect to complete construction'r repair, restore or reconstruct St. Lucie Unit No. 2. In such event Par-ticipant shall pay its Ownership Percentage, of the costs thereof and shall continue ~n every other respect to meet its obligations under this Participation Agreement. If Company elects not to complete construction or repair, restore or reconstruct St. Lucie Unit No. 2, the obligations of Participant under this Participa-tion Agreement shall in no way be affected. If Company elects to permanently retire St. Lucie Unit No. 2, Participant shall have the option provided in Section 20.

If, after Firm Operation has commenced, Company proposes any project for planned Capital Improvements pursuant to Section 16 in conjunction with the repair, restoration or reconstruction of St. Lucie Unit No. 2, which involves planned .Capital Improve-ments which are estimated to cost more than $ 100,000,000, Company shall afford Participant the option of reducing its Ownership Percentage in lieu of contributing to the cost of the planned Capital Improvements project (but not in lieu of contributing to the cost of the repair, restoration, or reconstruction of St.

Lucie Unit No. 2), in -accordance with Section l6.

Although the sole responsibility and authority for making any election whether to complete construction or repair,

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restore or reconstruct St. Lucie Unit No. 2 in the circumstances described above shall rest with the Company, it shall, to the extent practicable, consult with the other Owners concerning the completion of construction or repair, restoration 'or reconstruc-tion of St. Lucie Unit No. 2; provided, however, that such con-sultation shall not be allowed to delay work or repair, restora-tion or reconstruction of St. Lucie Unit No. 2 or to affect the decisionmaking authority of Company.

30. Creation of Securit 1nterests.

Each Owner shall have, without the need for consent from or prior offer to any other Owner, the right at any time and from time to time to create any form of security interest in all or any undivided part of its Ownership Percentage of St.

Lucie Unit No. 2 as security for 'its present or future securi-ties or money market instruments, including a mortgage convey-ance to a,trustee or trustees. Any such creation of a security interest shall be subject to all the terms and'onditions of this Participation Agreement. Subject to such terms and conditions and subject to applicable regulatory requirements any such trustee, mortgagee or holder of a security interest, bankruptcy, reorganization or receivership of an Owner may, without need for consent of any other Owner, succeed to and f acquire all rights and be subject to all covenants and obliga-tions of an Owner pursuant to this Participation Agreement. An Owner shall have no right, power or authority to create any security interest in the ownership 'right of any other Owner.

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I

.Transfers.

31.1 In accordance with all applicable provisions of law and with the provisions of this Section 31, but not otherwise, either Party may at any time sell, lease, convey, assign or otherwise transfer its undivided ownership interest in St. Lucie Unit No. 2, or any percentage thereof, together with all other rights accruing under or as a result of this Participation Agreement (" Transfer" ), provided that the Transfer is to an entity which is engaged or authorized to engage in the electric utility business in Florida, including an entity lawfully created and validly exercising its powers pursuant to the Joint Power Act, Chapter 361, Florida Statutes, or the Florida Interlocal Cooperation Act of 1969, Section 163.01, Florida Statutes. A contract by an Owner for the sale of power or energy shall not be deemed a transfer.

. No Transfer shall relieve the transferring Party of its obligations hereunder without express release of the other Party, but such express release shall be granted to such Party or any subsequent transferee upon assumption by the transferee of the transferor's obligations hereunder and upon the furnishing to the other Party of reasonable assurance that the transferee is financially and legally able to perform its obligations under this Agreement (including decommissioning and disposal obligations) and pursuant to the requirements of any licensing authorities, provided that Company shall be released from

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its obligations to perform or cause to be performed the work I contemplated by hereafter. A this Participation final determination Agreement only as provided by the Nuclear Regulatory Commission that the transferee is financially qualified to I

perform its obligations pursuant to the requirements of the Nuclear Regulatory Commission shall be conclusive as to the financial ability of the transferee to perform its obligations under this Participation Agreement.

No Transfer by Company shall relieve Company of its obligations and authority to perform or cause to be performed the work contemplated by this Participation Agreement without express release of Participant, but such express release shall be granted to Company or any successor to such obligations and authority upon the forwarding to Participant of reasonable assurance that the transferee is technically qualified to per-form or cause'o be performed such work and is competent to exercise such authority. A final determination by the Nuclear Regulatory Commission that the transferee is technically quali-fied to assume such obligations pursuant to the requirements of the Nuclear Regulatory Commission shall be conclusive as to the technical qualifications of the transferee to perform such obligations under this Participation Agreement. Company,may not, without Participant's express consent, transfer any of its obli-gations and authority to perform or cause to be performed the work contemplated by this Participation Agreement to any entity

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which does not hold, after such transfer, an Ownership Percent-age greater than twenty-five percent (25%) .

i 31.2 Should Company, as a.result of one or more transfers of its interest pursuant to Section 31.1, have its Ownership Per-centage reduced to below thirty-five percent (358) and be en-titled (taking into the aggregate of Company's ownership interest and any entitlement resulting from lease or purchase of power) to than thirty-five percent (35%) of the Available Net Generat-I'ess ing Capability of St. Lucie Unit No. 2, any Owner or Owners hold-ing Ownership Percentages totalling at least six percent (6%)

may, by written notice to the other Owners, require renegotiation of this Participation Agreement to amend it in the following re-spects only: (a) major policy decisions concerning St. Lucie Unit No. 2, including decisions whether to halt or delay construction, whether to make major Capital Improvements, and whether finally to retire St. Lucie Unit No. 2 would require the approval of Owners holding a majority of the Ownership Percentages; and, (b)

Company's responsibilities to perform or cause to be performed the work contemplated by the Participation Agreement could be assigned to another O~ner with the assent of Owners holding a ma-jority of the Ownership Percentages, subject to obtaining all requisite regulatory approvals, and provided that Company would maintain the responsibility, discretion, and control initially provided in this Participation Agreement with respect to all com-ponents at the Project necessary to construction, operation, or

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maintenance of any other generating unit at 'the St. Lucie Site, including the St. Lucie Site, Common Facilities, and Related Facilities. For purposes of this Section 31.2, "Company" includes Florida Power & Light Company and any affiliated corporation, as well as any successor to Florida Power 6 Light T

Company as a result of merger, consolidation, reorganization or acquisition of substantially all of the assets thereof.

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32. Provisions for Com letion of Construction.

Prior to Firm Operation, should Company determine to halt or substantially delay construction of St. Lucie Unit No.

2, and/or all necessary Common Facilities and Related Facilities for financial reasons, Company shall, subject to applicable reg-ulatory approval and to required mortgage consents (all of which Company shall use its best efforts to obtain), permit Participant to contribute additional capital to St. Lucie Unit No. 2, in proportion to the relationship that Participant's Ownership Per-centage bears to the Ownership Percentage(s) of any other Owners of St. Lucie Unit No. 2 who wish to contribute additional capital, sufficient to allow completion of St. Zucie Unit No.

2. In such event, the Ownership Percentages of Participant, Company and any other affected Owners, if any, shall be tem-I porarily adjusted in accordance with the respective Net Invest-ment of Company and each Owner as of the first day of the month succeeding Participant's contribution(s) of additional capital.

Said adjustment(s) shall become final on the earlier of the date when energy is first produced from St. Lucie Unit No. 2 or one year subsequent to the date(s) last set forth above, and Company may totally avoid said final adjustment(s) prior to that time, but not thereafter, by repaying such additional contribution(s) of capital, with interest at the Prime Rate from the date of each such contribution to the date of repayment.

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Default.

33.1 The following shall be events of default: (1) failure of an Owner, for any reason, to make any payment to another Owner as required by and at the time prescribed by this Participation Agreement; (2) failure of an Owner to comply with any court order or decision resulting from arbitration, which order or decision is no longer subject to appeal, concerning any dispute described in Section 36. In the event of default by a Party the non-defaulting Party shall be free to invoke such remedies at law or in equity as may be available to it,. and the provisions of Section 33.4 shall be in addition to, and not to the exclusion of, such rights.

I 33.2 Upon receipt of notice of default, a defaulting Party shall take all steps necessary to remedy such default as promptly as possible.

33.3 A defaulting Party shall remain responsible for all of its obligations under this Participation Agreement except as otherwise provided in Section'33.4.3(d), and shall be respons-ible for interest on any late payment at.a daily rate based on the Prime Rate plus five percent (5%) per annum until paid, provided, however, that in no event shall interest accrue or be payable in excess of the highest contract rate allowed by law.

The defaulting Party shall also be responsible for any costs incurred by the non-defaulting Party in connection with such default or the suspension or acquisition of the defaulting

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e owner's rights under this Participation Agreement, including expenses and attorneys'nd other professional fees.

In the event of 33.4 a default by Participant by non-payment as provided in Secti;on 33.1(l), Company shall have the following rights in addition to other rights provided. in this Participation Agreement.

33.4.1 If Participant is in default and has failed to cure such default within 30 days after Company has provided written notice to Participant, or, if there is a dispute as to whether Participant is in default, within 30 days'fter issuance of a final order or decision declaring Participant in default, Company may suspend the right of the defaulting Participant to receive all or any part of its Ownership Percentage of the Net Energy. During the period of such suspension Company -will be entitled to the Net Energy associated with the suspended rights, and Company will be responsible for variable operating costs attributable directly to Energy production associated with such Net Energy. The suspended Participant shall continue, during and notwithstanding the suspension, to be responsible for its Ownership Percentage of all other Participation Costs and all other costs for which it is responsible pursuant to Section 6.6

[Use Charges] and 6.7 [Multiple Ownership Costs].

33.4.2 The suspension of the defaulting Participant shall be terminated and its full rights under this Participation Agreement restored from and after cure of its

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default, including payment of all monies due including satisfaction of the obligations provided in Section 33.3.

33.4.3 If a default by Participant continues for.

180 days after Company has provided notice of default, Company may (but shall under no circumstances be required to) give notice to Participant of termination of all rights of the Participant under this Participation Agreement, by written notice to the Participant, and require Participant to convey its interest in St. Lucie Unit No. 2 to Company on the date specified in such notice, which date shall not be less than 30 days after the giving of such notice; provided, however, if there is a dispute as to whether Participant is in default, such notice of termina-tion shall not be effective until 60 days after issuance of a binding arbitrator's final order or the final decision of a court of competent jurisdiction declaring Participant in default. Upon the effectiveness of such termination:

(a) The Participant shall cease to have any rights in the capacity and output of St. Lucie Unit Ho. 2 or any other rights under this Participation Agreement except as set forth in this Section 33.

(b) Upon the conveyance described in paragraph (d) Company shall succeed to all of Participant's rights and obligations under all contracts and other instru-ments relating to St.. Lucie Unit No. 2, including this Participation Agreement.

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(c) Participant shall pay to Company a11 amounts then owed by Participant under the terms of this Partic-ipation Agreement, including the amounts owed pursuant to Section 33.3.,

(d) Subject to obtaining necessary regulatory approvals and mortgage indenture releases where appli-cable (which Participant agrees to use its best efforts to obtain), the Participant shall convey, transfer and assign to Company, free and clear of all liens and en-cumbrances other than those which existed at the time of conveyance to the Participant, all its right, title and interest in St. Lucie Unit No. 2 and all contracts, leases or other instruments relating to St. Lucie Unit No. 2. Upon the completion of such conveyance, transfer or assignment, the Company shall pay to the Participant (or to the extent required to obtain all necessary re-leases, to the holders of all liens and encumbrances on Participant's interests in or relating to St. Lucie Unit No. 2) an amount equal to (i) the Participant's Net In-vestment in St. Lucie Unit No. 2, (except that for pur-poses of determining the Participant's cost of capital during construction commencing with the day of closing, the Participant's cost of capital as capitalized on its books shall be used in lieu of the AFC rate in calculat-ing Participant's Net Investment) less (ii) a11 amounts owed to Company pursuant to the terms of clause (c) above,

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exclusive of decommissioning and disposal costs. Xf the amount required to be deducted under clause (ii) of the preceding sentence is greater than the amount described in clause (i), the. Participant shall remain liable for the deficiency, plus interest on the deficiency until paid, at the rate provided in Section 33.3. Upon the completion of such conveyance, transfer or assignment, Company shall release Participant from all costs, lia-bilj.ties and obligations under this Participation Agree-ment, provided only that the Participant shall remain liable for the excess of the amount required to be. de-ducted under clause (ii) of the second preceding sen-tence over the amount described in clause (i)., plus in-terest on the deficiency until paid, at the rate pro-vided in Section 33.3.

(e) The parties agree that the purpose of this Section 33.4.3 is to provide the Company the option of rescinding this Participation Agreement upon the happen-ing of the defaults specified in the first-paragraph of this Section 33.4.3. Xn order to avoid the uncertainty, expense, inconvenience and delay of determining disputed factual issues under now unknown circumstances, the par-ties agree that the use of Net Investment herein re-stores the parties to their original positions (as to St. Lucie Unit No. 2) at any point in time, recognizing

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that Net Investment may not fully recover or may more than recover ultimate decommissioning and disposal costs.

33.5 Failure of either party to: (i) enforce any of the provisions of this Participation Agreement, or; (ii) require per-formance by the other party of any of the provisions of this Par-ticipation Agreement shall not release either of the parties of any of their obligations under this Participation Agreement and shall not be deemed a waiver of any rights of the parties to in-sist upon performance thereof, or of any of the parties'ights or remedies under this Participation Agreement or by law, and shall in no way affect the validity of these terms and conditions or any part thereof, or the right of either party theieafter to.

I enforce each and every provision hereof. No purported oral modi-fication or rescission of this Participation Agreement by an em-ployee or agent of the parties shall operate as a waiver of any of the provisions hereof.

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e 34 ' ~Pa eat.

Each Party shall make all payments required to be made by it to the other Party by the date when such payments are due or required to be made under the terms of this Participation Agreement and failure to do so shall not be excusable on any ground whatsoever.

Xt is agreed that any late payments shall bear interest at a daily rate based on the Prime Rate plus five percent'(5%)

per annum until paid, or at such higher contract rate allowed by

'aw; provided, however, that in no event shall interest accrue or be payable in excess'f the highest contract rate allowed by law.

Xn the event that no applicable maximum contract rate is provided by law, then any late payments shall bear interest at a daily rate based on the Prime Rate plus five percent (5%) per annum until paid.

Payments are deemed to have been made only upon actual receipt by the Party entitled to payment of a wire transfer, of funds to such- Party's designated bank account, or as otherwise agreed in writing by the Party entitled to payment, no later than 12:00 p.m. of the date of payment. Payments made after 12:00 p.m., local time of the place of receipt of payment, are deemed made on the following business day.

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Notices.

Any notice, demand or request by an Owner pursuant to any provisions. of this Participation Agreement shall be made in writing and shall be delivered either in person, by prepaid tele-gram, or by first class 'mail postage prepaid to'uch officer of the Owner as shall have executed this Agreement or his legally designated successor at the principal place of business of such Owner. Such officer and address for notices may be changed from time to time by written notice of an Owner to the other Owners. If a post office box is designated as an address for notices, an alternate street address for notices shall also be designated.

A notice, demand or request is deemed to have been given or made: (1) upon receipt, if delivered in person or by telegram, or; (2) as of the date of the signed return receipt, if delivered by first class mail, certified return receipt requested

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36. Resolution of Dis utes.

36.1 Hhere a dispute arises concerning interpretation or application of this Participation Agreement, the parties to such dispute will attempt to resolve the dispute by discussion between their members on the Advisory Committee (established pursuant to

'Section ll). If such representatives are unable to resolve the dispute, the dispute may be referred to higher authority within each of the parties to the dispute. A Party may invoke such remedies at'aw or equity as may be available to it for resolu-tion of a dispute concerning interpretation or application of this Par ticipation Agreement, except that no Par ty shall be liable to any other Party except as provided in Section 25.

36.2 The Owners involved in a dispute'may agree in writing to submit the dispute to arbitration and to be bound by the decision of the arbi.'trator or arbitrators, in which event the other Owners shall be kept informed of the progress of the arbi-tration proceeding and timely provided with copies of the agree-ment to arbitrate and the decision of the arbitrator or arbitra-tors.

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37. Severabilit of Provisions.

( A holding by any court or other tribunal of competent jurisdiction that any provision of this Participation Agreement is invalid shall not result in invalidation of the entire Par-ticipation Agreemen't and.all remaining terms shall remain in full force 'and effect. Thereupon, the Parties. shall promptly renegotiate in good faith new provisions to restore this Agree-ment as nearly as possible to its original intent and effect.

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38. Com lete A reement.

This written Agreement is intended as the exclusive statement of the agreement between the Parties pertaining to the subject matter contained herein. The Parties agree that parol or extrinsic evidence may not be used to vary or contradict, the express terms of this Agreement and that recourse'ay not be had to alleged prior dealings or course of dealing to explain or supplement the express terms of thi.s Agreement. This Agreement shall not be amended or modified, and no waiver of any provision hereof shall be effective, unless set forth in a written instru-ment authorized and executed by duly designated and authorized officers of each Party with the same formality as this Agreement.

This Agreement shall constitute the entire under-standing between the Parties hereto, superseding any and all previous understandings, oral or written, pertaining to the subject matter contained herein. No Party hereto has relied or-will rely upon any oral or written representation or oral or T

written information made or given to such Part~ by any repre-sentative of the other Party or anyone on its behalf Nothing in this Participation Agreement shall consti'tute an admission by any Party of the correctness or applicability of any principle or method of ratemaking or cost-of-service de-termination. This Participation Agreement is executed upon the explicit understanding that it constitutes a negotiated agreement N

with respect to the joint ownership of St. Lucie Unit No. 2- In

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1 executing this Participation Agreement, the Parties shall not be

) considered as agreeing with or conceding the applicability of any principle, or any method of ratemaking or cost-of-service determ-ination, or design of rate schedule, or terms or conditions of service that may underlie, or be thought to underlie, the Par-ticipation Agreement. It is further agreed that in any past or future ne'gotiation or proceeding (other than any proceeding in-volving the honoring, enforcement or construction of the Partici-pation Agreement)~ this Participation Agreement shall not have any effect as a precedent.

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SE" This Participation Agreement is made under and shall be governed by the laws of the State of Florida.

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Term of A reement.

This Participation Agreement shall remain in effect until the abandonment of, authorization by the Nuclear Regula-tory Commission of the surrender of all licenses, renewals of licenses and 'replacements of licenses for and final disposition of all components of St. Lucie Unit No. 2, or for a period of two hundred years from the date hereof, whichever .is less; but the covenants and agreements of the Parties contained in Sec-tions 6 [Responsibility for Costs], 18 [Decommissioning and Dis-posal] and 25 [Liability and indemnification] shall continue in effect beyond such term of this Agreement, and shall be governed by the provisions of Section 33 [Default].

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Re resentations.

41.1 ST. LUCIE UNIT NO. 2 IS TO BE SOLD "AS XS" AND "WHERE IS." COMPANY MAKES NO REPRESENTATION OR WARRANTY WHATSO-EVER IN THIS AGREEMENTS EXPRESS OR IMPLIED'S TO THE VALUE/

QUALITY, CONDXTION, SALEABILXTY OBSOLESCENCE, MERCHANT-ABILITY, FITNESS OR SUXTABXLITY FOR USE OR WORKING ORDER OF ST LUCIE UNIT NO. 2 NOR ANY PART THEREOF'OR DOES COMPANY REPRESENT OR WARRANT THAT THE USE OR OPERATION OF ST. LUCXE UNIT NO. 2 WILL NOT VIO-LATE PATENTS TRADEMARK OR SERVICE MARK RIGHTS OF ANY THXRD PARTXES. PARTICIPANT XS WXLLING TO PURCHASE XTS OWNERSHIP PER-CENTAGE OF ST. LUCIE UNIT NO. 2 "AS IS" AND "WHERE IS" AND XN ACCORDANCE WITH THE TERMS AND CONDITZONS OF THIS AGREEMENT Notwithstanding the foregoing, Participant shall have the benefit, in proportion to its Ownership Percentage, of all patent, trademark, and service mark rights running to Company in connection with St. Lucie Unit No. 2.

41.2 Prior to execution of this Participation Agree-ment, Company has furnished to Participant a list of: (i) any overtly threatened or pending litigation which would materially impair the Company's ability to perform this Participation Agreement, and (ii) known defects in construction or design peculiar to St. Lucie Unit No. 2 or those parts of the Project pertaining to St. Lucie Unit No. 2, known to Company's manage-ment and reported or reportable to the Nuclear, Regulatory.

Commission as of this date. Company certifies that there have

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been no changes in such list as of the date of execution of this Participation Agreement.

For purposes of this S'ection, overtly threatened litigation means instances where a potential claimant has manifested to the Company in writing an awareness of a possible violation of law, governmental claim or private cause of action.

Participant acknowledges that it has investigated the matters disclosed to it. by Company in this Participation Agreement, and that all of such matters are ownership risks acceptable to Par-ticipant.

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Miscellaneous.

(a) Other. Partici ation A reements.

Should Company within three years after the date of this Participation Agreement or thereafter as a part of a settlement of or as a result 'of an order issued in NRC Docket No. 50-389A, which concerns issuance of a construction permit for St. Lucie Unit No.. 2, enter. into a participation agreement with another Owner pertaining to St. Lucie,Unit No. 2, Company will transmit such subsequent agreement to Participant. lf any terms of such participation agreement are deemed by Participant to be more favorable to Participant than is this Participation Agreement, Participant may, by notice given to Company not more than 90, days after the date on which Company has mai1ed such agreement to Participant, request that Company amend this Par-ticipation Agreement to incorporate the terms of such subsequent agreement requested by Participant; in which event, Company will t@ agree so to amend this Participation Agreement, subject: to the following: (i) Company may require that such amendment incor-porate any terms of such subsequent agreement desired by Company, and (ii) under no circumstances shall this provision be construed to require a change in Participant's Ownership Percentage.

This provision and any provision of the Settlement Agreement (" Settlement Agreement" ) between Company and Partici-pant dated as of the date of this Agreement which permits

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Participant to obtain parity with parties to c'ertain subsequent

) settlement agreements executed between Company and. other munici-palities are intended to operate without any relationship with each other, and each shall remain in full force and effect. Such provision of the Se'ttlement Agreement shall not be construed to affect the operation of this provision and this provision shall not be construed to affect the operation of such provision of the Settlement Agreement.

(b) Successors and Assi ns. Subject to Section 3l

[Transfersj, this Participation Agreement shall be binding on the successors and assigns of each Party, and, insofar as per-mitted by law, on any receiver or trustee in bankruptcy, re-ceivership, or reorganization of a Party. References herein to Company and Participant shall be deemed to include the succes-sors thereof.

l (c) C~a tions. The captions and headings appearing in this Participation Agreement are inserted merely to facilitate reference and shall have no bearing upon the interpretation thereof.

this Participation Agreement may be executed, and each shall have the full force and effect as the original.

(e) Rule A ainst Perpetuities. Any obligations created hereunder as to which a court of competent jurisdiction shall hold that the rule against perpetuities shall apply shall

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g

- terminate upon the expiration of 20 vears after the death of the ast survivor of the following persons living as of the date of this Agreement:

Names of Birthdate or Measuring Age as of Lives 4/24/80 Address Parents r (

Frank Miguel 5/8/78 2681 S.W. 51st Street Francisco Gomez, Jr.

Gomez Apt. A. Jeannine Mierisch Gomez Ft. Lauderdale, Fla. 33312 Teresa Michelle 13 Mos. 5018 Shelley Court Clyde David Brown XZ Brown Orlando, Fla. 32807 Karen Luff Brown Emily Rebecca 1 day 1501 Hazelwood Drive Harry David Luff Luff Orlando, Fla. 32806 Marcia Ann Luff Jessica Anne 12/11/77 411 Hidden Valley Lane Michael W. Haycock Haycock Cincinnati, Ohio Adrienne Haycock Odessa Joy 3 yrs ~ 1948 S. Conway, f3 Robert C. Hickman Hickman Orlando, Fla. 32806 Donna D. Hickman John H. 4 yrs.. P. O. Box 317 John H. Neador, Jr.

Meador lXI Hinesville, Ga. 31313 Juanette H. Meador Amy Elizabeth 2/17/79 2260 Coldstream Dr. Julie Stanford Stanford Winter Park, Fla. 32792

/

John Derick 11/20/77 5413 Ferdinand Drive John Nax Orlando, Fla. 32808 Betty Sharon Nax Cally Colene 1/3/79 5010 Tangerine Way 'Herman E. Howell Howell Orlando, Fla. 32807 Loretta M. Howell Kathleen Erin 9/8/78 904 Summer Winds Dr. James'nthory Hughes Hughes Winter Park, Fla. 32792 Nary Susan Hughes Steven Scott 2/21/76 824 Gaston Foster Rd. Steven Scott Dennis,Sr.

E Denr.is, Jr. Orlando, Fla. 32807 Lynda S. Dennis John David 4/25/79 Rt. 4, Box 812 John David Whitman,Sr.

Whitman, Jr. Or lando, Fla. 32807 Valita S. Whitman I

(Christmas, Fla. )

-1~3-

1 Jeffrey Lee 1/8/78 Rt. f 1, Box 9A Joseph Brittan Con'ner Conner MacArthur Circle Charlotte Jo Conner Cocoa, Fla. 32922 Cory McRae 8/18/78 4901 N. Carmel Drive Robert T. Sutton Sutton Mobile, Alabama 36608 Claire S. Sutton Henry Alan 8/24/77 967 Nagonwheel Henry F. Jennings Jennings Ft. Collins, CO 80526 Sarah Kathryn Jennings (f) Force sible for any delay in the performance of, or the irability to k

perform, any duty or obligation required by this Agreement in the event of a force majeure occurrence. The obligation of either I

Party to pay money in a timely manner is absolute and shall not be subject to the force majeure provisions. Force majeure as used herein means, without limitation, the following: acts of God, strikes, lockouts or other industrial disturbances; acts of public enemies; orders, or absence of necessary orders and per-mits of any kind which have been properly applied for, from the government of the United States, or from the State of Floridag r

or ary of their 'departments, 'agencies or officials, or from any L civil or military authority (including but not limited to courts and administrative bodies) pertaining to St. Lucie Unit No. 2; insurrections; riots; extraordinary delay 'in transportation; un-foreseen soil conditions; equipment, material, supplies, labor or machinery shortages; epidemics, landslides, lightning, earth-quakes, fire, hurricanes, tidal surges, tornadoes, storms, floods, washouts, drought, arrest, war, civil disturbances, ex-plosions, breakage or accident to machinery, transmi sion lires,

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pipes or canals; partial or entire failure of utilities neces-sary or useful for the physical operation of the St. Lucie project; breach of contract by any supplier, contractor, sub-contractor, laborer or materialman, other than Company; sabo-tage, injunction, blight, famine, blockade, quarantine; or any other similar cause or event not reasonably within the control C

of the Company. Company suffering an occurrence of force majeure I

shall use its best efforts to remedy with all reasonable dispatch the cause or causes preventing Company from carrying out its agreements; provided, that the settlement of strikes, lockouts and other industrial disturbances shall be entirely within the discretion of Company, and it shall not be required to make settlement of strikes, lockouts and other industrial disturbances by acceding to the demands of the opposing party or parties when such course is unfavorable, in the'sole judgment of Company.

(g) No Pattern of Adverse Distinction or Undue Discrimination. Company agrees that there shall be no unreasonable pattern of adverse distinction and no pattern of undue discrimination in carrying out its obligations under this agreement relating to St. Lucie Unit No. 2 as compared to its other generating units and Company further agrees to take no action adverse to the interests of the Participant where such action is based in whole or in part upon the fact that St. Lucie Unit No. 2 is owned in common with the Participant.

43. RATH COVENANT.

During the -term of this Participation Agreement the Participant will fix, establish and maintain such rates. and collect such fees, rentals or other charges for the services and facili'ties of its Water and Electric System, and revise the same from time to time whenever necessary, as will always provide in each Fiscal Year, revenues adequate at all times, after deduc-tion of all other lawful expenses incurred, transfer payments, and payments made which relate to the Participant's ownership and operation of its Water and Electric System, to pay Partici-pant's Ownership Percentage of all Participation Costs and all I

other costs; liabilities and obligations of Participant under this Participation Agreement. Participant covenants that such rates, fees, rentals or other charges shall not be so reduced as to be insufficient to provide adequate revenues for such purpose.

"Fiscal Year" for purposes of this Rate Covenant means that period commencing on October 1 and continuing to and including the next succeeding September 30, or such other annual period that may be prescribed by law.

"Water and Electric System"'or purposes of this Rate Covenant means the complete water and electric light plants now under the control and jurisdiction of the Participant, together with any and all additions, extensi.ons and improvements hereafter made thereto from any source whatsoever, and shall include (without being limited to) all lands or interests

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I-therein, plants, buildings, machinery, franchises, pipes, 1(

fixtures, equipment and all property, real or personal, tangible

(- or intangible, now or hereafter owned or used in connection with the Hater and Electric System.

Ir; IN WITNESS WHEREOF the undersigned parties have caused this Participation Agreement to be duly executed as of the day and year set forth at the beginning of this Participation Agree-

'l.r ment.

'.jc-!

Witnesses as to FLORIDA FLORIDA POWER 6 T COMPANY POWER 6 LIGHT COMPANY By Vzce Presa ent g ~ ~ ~ ~ lg)g jI.f.( ~

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Attest Sac1e ary, AFFIX','SEAL

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Witnesses as to ORLANDO ORLANDO TILI S C MMISSION UTILITIES COMMISSION

[RJ . y (7fn, I

By'resM

.jp Ac 0 ~ Attest Assistant Secretary.

to f/

AFFIX; EA'L'.

. I yip~

(-,~ APPROVED AS TO F AND LEGALITY I! ~

'98o I

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rACKNOWL'EDGMENT OP OBLIGATIONS The Orlando Utilities Commission, referred to herein as Participant, has requested, for legal and convenience purposes,

'that the City of Orlando hold legal title with it to Participant's undivided interest in the Unit Site and St. Lucie Unit No. 2 con-veyed by Company pursuant to this Participation Agreement. The City of Orlando hereby agrees to hold title for the use and bene-fit of Participant, accepts and agrees to be bound by the Par-ticipation Agreement, and further agrees that with Participant it will hold title subject to the rights and obligations of Partici-pant as specifically set forth in the Participation Agreement, in-cluding but not limi,ted to the contractual obligations relating to alienation and assignment and default; provided that the City of Orlando shall not as a result of holding title for the use and benefit of Participant be liable for the payment, from any source other than electric revenue, of any sums of money which are the responsibility of Participant under the Participation Agreement, provided further that the foregoing shall not affect any obliga-tions which the City of Orlando would be required to assume should it become a successor to or assign of .the interest of Participant.

City of Orlando ssAPPROVED r.

. AS TO FORM isssins --'/ is ri rr 'rt Z~ Clnlzrrrr witnesses: ASSISTANT CITY ATTORNEY OR NO ORIOA p)

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EX) lIBIT I Page 1 of 4 ST. LUCIE COMMON FACILITIES f Construction Account iNumber ROADS, WALKS AND PAVING AREA 321.121 Service building parking areas and 3 .22 plant entrance road to be used by plant operations, maintenance and administrative personnel.

SERVICE AND FIRE WATER 321.151 Distribution lines and associated

~321. 52 equipment, pumps, valves and

.instrumentation from the city water storage tanks to all service-able areas.

SEWER SYSTEM 321.16 Includes leechfield, septic tank and associated pipe. Backfit is currently installing a sewage treatment facility and associated piping.

WATER TREATMENT 321.221 83 ft. x 116 ft. neutralizing basin and di scharge 1 ines wi th associ ated equipment, piping and instrumentation.

CITY WATER TRANSFER PUMPS 321.2253 Included in city water supply.

CITY WATER 321.2261 Pipeline from the city limits to and including two job-site city water storage tanks.

HOSE CONE PROTECTION 321.2824 Discharge Canal protection against stalled hurricanes.

SERVICE BUILDING 321.63 Two-story 113 ft. x'6 ft. CBS struc-ture for housing operations, maintenance and administrative personnel.

WAREHOUSE ~

321. 66 186 ft. x 66 ft. structure attached to the service building for maintain-ing tool and equipment supplies.

RECORDS 5 SECURITY BUILDING 321.67 35 ft. x 55 ft. two-story security records building at the main plant entrance.

LAWNMOWER BUILDING 321.691 A Bellaire metal building 15 ft. x 24 ft. for housing groundskeeping equipment.

EXHIBIT I Page 2 of 4 ST. LUCIE COtli~lON FACILITIES Construction Account Number PAINT STORAGE BUILDING 321.692 60 ft. x 24 ft. CBS structure for storage of paint, lube oil, and fire fighting equipment.

CHLORINATION BUILDING 321.693 41 ft. x 15 ft.'oncrete structure for housing of chlorination equipment.

GAS SUPPLY FACILITY 321.694 88 ft. x 68 ft. area including foundation for hydrogen and nitrogen supply trailers wi th associated mani fold connections and piping.

Ai~iBULANCE GARAGE 321.697 Houses all emergency vehicles.

LAB 'GAS STORAGE AREA 321.698 Gas bottle racks with manifolds and associated gas lines.

INTAKE CANAL 321.721 The water channel running from the ocean headwall structure at the dune line to approximately Sta N 770.13.

INTAKE CANAL HEADMALL 321.722 Concrete structure located at the STRUCTURE transition point of the subaqueous ocean intake pipes.

321.723 Underwater structure including the velocity cap located at the end of the subaqueous intake lines.

<lARNING SIGNAL STRUCTURE 321.724 Two warning signal structures located at each end of subaqueous pipe lines extending above the water line.

INTAKE CONDU ITS 321.731 Subaqueous pipe extending from Ocean Intake Structure to Ocean Headwal'l.

DISCHARGE CONDUITS 321.732 Two subaqueous pipes extending from the ocean discharge headwal1 structures out into the ocean some 1,550 ft. and 3,110 ft.

DISCHARGE CANAL 321.741 The water canal running from each unit's discharge headwall to the ocean discharge headwall.

L

EXHIBIT I Page 3 of 4 6

t ST. LUCIE COFvON FACILITIES Construction Account Number DISCHARGE HEADWAI L STRUCTURES 321. 742 Two concrete structures at the end of discharge canal.

ULTIf'fATE HEAT SINK 321.792 Concrete'tructure separating intake canal from Big tlud Creek including associated piping, valves, instrumen-tation, excavation, canal and basin.

cathodic protection, security, roadway, and landscaping. To provide emergency cooling water for Unit <1 and Unit k2.

HURRICANE PROTECTION 321. 795 Located near Heat Sink and consists of sheet piling and'cathodic protection and is to protect Heat Sink against hurri canes.

RADIATION flONITORS 322.527 Instrumentation 1 ocated throughout the plant site.

AUXILIARY BOILER 322.83 Boiler, piping, valves, instrumentation required for start-up.

i~mISCELLANEOUS EQUIPifENT 325.31 All office -furniture, office equipment, r 325.32 lab equipment, Warehouse equipment, 333. 33 machine shop equipment, health physic 325. 34 equipment.

t ~32 .35 J 3P>~6 WEATHER STATION/ 325.38 Weather recording devices.

YiETEOROLOGICAL STATION STEAN GENERATOR BLOWDOWN/ 321 Building, heat exchangers, pumps, DRUt'tlING FAG IL ITY 322 filters, tanks, associated valves, 324 piping and instrumentation for processing steam generator blowdown to ensure discharge of Iodine 131 in liquid effluents are as 1'ow as reasonably achievable.

EXHIBITI Page 4 of 4 ST. LUCIE COMMON FACILITIES Additional common facilities subsequent to in-service date of St. Lucie Unit No. 1 Plant Account iVumber 321" Increase in the height of the discharge canal dikes to +18 feet 321 Employee lunch pavilion 321 Asphalt surface area surrounding service building 321 Fabricate upper adapter for intake bulkhead 321 Bridge for covered work area crane 321 Service building addition 321 Prefabricated health physics office 321 Installation of fence on east side of A1A 321 Security upgrading 321 Covered area to provide a place to work on large pumps dr. motors 322 CEA Uncoupling tool 325 Mobile loading dock and stabilizing jacks 325 R93 CCTV Camera system 325 Electronic Data Logger 325 Hydro-Laser High Pressure Water Jet Cleaner 325 Disc subsystem addition to the Four ier Analyzer 321 Parking area for Wackenhut Security forces

0 EXHIBI,T II Page 1 of 3 t Two parcels of land lying in the SI'. LUCIE SITE South one-half (S<) of fractional Section 9, Township 36 South, Range 41 East, St. Lucie County, Florida, being more particularly described as follows:

Parcel 1: Commence at the intersection of the South line of said fractional Section 9 with the centerline of State Road A-1-A and run N89 55'30"E along said South line of fractional Section 9 for 570 feet to the Point of Beginning of the hereindescribed parcel of land; thence continue N89 55'30"E along the South line of fractional Section 9 for approximately 1170 feet to the water's edge of the Atlantic Ocean; thence meander in a Northerly direction along the water's edge of the Atlantic Ocean for approximately 580 feet to a point on a line, bearing N60'57'17"E, which is approximately 1100 feet Northeasterly'of the South line of fractional Section 9; thence run S60 57'17'W along said line for approximately 1100 feet to a point on the South line of fractional Section 9, said point being the Point of Beginning and the end of the hereindescribed parcel of land.

Together with all littoral and riparian rights thereunto belonging or in anywise appertaining.

Containing approximately 7.79 acres.

( Parcel 2: Commence at the intersection of the South line of fractional Section 9 with the centerline of State Road A-1-A and run S89 55'30"N along said South line of fractional Section 9 for 57.14 feet to a point on the Nesterly right-of-way line of State Road A-1-A; said point being the Point of Beginning of the hereindescribed parcel of land; thence run N29'02'43"Ã along the Nesterly right-of-way line of State Road A-1-A for 640 feet; thence run S60'57'17'W for approximately 1125 feet to a point on the South line of fractional Section 9; thence run N89'55'30"E along said South line for approximately 1310 feet to a point on the Westerly right-of-way line of State Road A-1-A; said point being the Point of Begin-ning and the end of the hereindescribed parcel of land.

Together with all littoral and riparian rights thereunto belonging or in anywise appertaining.

Containing approximately 8.26 acres.

The bearings used herein are based on State Road Coordinate System, East Zone.

0 EXHIBIT II Page 2 of 3 ST. LUCIE SITE (Continued)

A parcel of land lying in fractional Section 16, Township 36 South, Range 41 East, St. Lucie County, Florida, being more particularly described as follows:

Commence at the intersection of the North line of said fractional Section 16 with the centerline of State, Road A-1-A and run S89'55'30"M along said. North line of fractional Section 16 for 57.14 feet to a point on the Nesterly right-of-way line of State Road A-l-A, said point being the Point of Beginning of the hereindes'cribed.

parcel of land; thence run S29'02'43"E along the 4'esterly right-of-way line of State Road A-1-A for approximately 300 feet to a point on a line, bearing S60 57'17"N, which is approvimately 550 feet southwesterly of the North line of fractional Section 16; thence run N60'57'17"E along said line for approximately 550 feet to a point on the North line of fractional Section 16, said point lying 570 feet East of the intersection of the North line of fractional Section 16 and the centerline of State Road A-1-A; thence run N89'SS'30"E along the iNorth line of fractional Section 16 for approximately 1170 feet to the water's edge of the Atlantic Ocean.; thence meander in a Southerly direction along the water's edge of the Atlantic Ocean for approximately 2250 feet; thence run S60'57i 17"N for approvimately 1320 feet to a point on the centerline of State Road A-l-A, said point lying 30SO feet Southerly of the North line of fractional Section 16 as measured along the centerline of State Road A-1-A; thence continue S60'57i17"N for 1560 feet; thence run S29 02'43"E for approximately 250 feet to the water's edge of the Indian River; thence meander in a Nesterly and Niorthwesterly direction along the water's edge of the Indian River for approximately 3600'feet to a point on the Nest line of fractional Section 16, said point lying 3450 feet South of the Northwest corner of said fractional Section 16; thence run N00'24'25'%long the i(est line of fractional Section 16 for approximately 2500 feet to the water's edge on the Southerly bank of Big 5fud Creek; thence meander in an Easterly and Northeasterly direction along the Southerly bank of Big Mud Creek for approximately ZS00 feet to a point

~

on the North line of fractional Section 16; thence run N89'55'30"E along the North line of fractional Section 16 for approximately 1310 feet to a point on the h'esterly right-of-way line of State Road A-1-A; said point being the Point of Beginning and the end of the hereindescribed parcel of land.

Together with all littoral and riparian rights thereunto belonging or in any~vise appertaining.

LESS and except right-of-way for State Road A-1-A and;

EXHIBIT II Page 3 of 3 ST. LUCIE SITE (Continued)

LESS and except the following described property:

Commence at the intersection of the North line of fractional Section 16, Township 36 South, Range 41 East, St. Lucie County, Florida, with the center; line of State Road A-1-A and run S29'02'43"E along said centerline for 218.69 feet; thence run along a line perpendicular to the centerline S60'57'7"Ã of State Road A-1-A for 722.00 feet to the Point of Beginning of the hereindescribed parcel of land; thence run S29 02'43"E for 198.66 feet; thence run for 80.00 feet; thence run S29'02'43"E for S60'7'17"N 160.34 feet; thence run N60'57'17"E for 44.00 feet; thence run S29'02'43"E for 60.00 feet; thence run S60'57'17"l~'or 44.00 feet; thence run S29'02'43"E for 125.99 feet; thence run N60 57'17"E for 115.00 feet; thence run S29'02'43"E for 45.00 feet; thence run S60 57'17"N for 115.00 feet; thence run N29 for 4.34 feet; thence run S60'57'17'W for 589.00 02'3"lC feet; thence run N29'02'43'W for 94.50 feet, thence run S60'57'17'W for 44.00 feet; thence run N29'02'43"4'or 60.50 feet; thence run S60'57'17"4'or 111.00 feet; thence run N29'02'43"Ã for 117.75 feet; thence run N60'57'17"E for 111.00 feet; thence run N29 02'43'M for 116.74 feet; thence run S60'.57'17"Ã for 45.00 feet; thence run N29'02'43"N for 71.00 feet; thence run 67.00 feet;" thence run N29'02'43"N for S60'7'17"l~'or 130.00 feet; thence run N60'57'17"E for 45.00 feet;

'hence run N29'02'43'N for 130.00 feet; thence run N60 57'17"E for 70.00 feet; thence run N29'02'43'N for 145.00 feet; thence run N60 57'17"E for 80.00 feet; thence run S29'02'43"E for 145.00 feet; thence run for 324.00 feet; thence run NZ9'02'43"N for N60'7'17"E 66.00 feet; thence run N60'57'17"E for 200.00 feet; thence run S29'02'43"E for 211.00 feet; thence run N60 57'17"E for 90.00 feet to the Point of Beginning and the end of the hereindescribed parcel of land.

Containing aoproxirnately 300 acres.

The bearings used herein are based on State Road Coordinate System, East 2one.

[SUBJECT TO SURVEY]

EXHIBIT III Page 1 of 1 UNIT SITE A parcel of land lying in the North one-half (N4) of fractionaI. Section 16, Township 36 South, Range 41 East, St. Lucie County, Florida, being more particularly described as follows:

Commence at the intersection of the North line of said fractional Section 16 with the centerline of State Road A-1-A and run S29'02'43"E along said centerline for 218.69 feet; thence run S60'57'17"Ã along a line perpen-dicular to the centerline of said State Road A-1-A for 802.00 feet; thence run S29'02'43"E for 198.66 feet to the Point of Beginning of the hereindescribed parcel of land; thence continue S29'02'43"E for 160.34 feet; thence run N60 57'17"E for 44.00 feet; thence run S29'02'43"E for 60.00 feet; thence run S60 57'17"i'l for 44.00 feet; thence run S29'02'43"E for 125.99 feet; thence run N60' 57'l7"E for 115.00 feet; thence run S29'02'43"E for 45.00 feet; thence run S60'57'17'W for 115.00 feet; thence run N29 02'43"N for 4.34 feet; thence run S60'57'17"N for 589.00 feet; thence run iV29'02'43"N for 94.50 feet; thence run S60'57'17"lf for 44.00 feet; thence run N29'02'43"N for 60.50 feet; thence run S60'57'17"h'or 111.00 feet; thence run N29'02'43"lf for 117.75 feet; thence run N60'57'17"E for.ill.00 feet; thence run N29 02'43"N for 136.74 feet; thence run N60'57'17"E for 44.00 feet; thence run for 76.74 feet; thence run N60'57'17"E for 74.00 feet; S29'02'3"E thence run N29'02'43"lf for 55.24 feet; thence run for 515.00 feet to the Point of Beginning and the end N60'57'7"E of the hereindescribed parcel of land.

Containing approximately 5.9 acres.

The bearings used herein are based on State Road Coordinate System, East Zone.

[SUBJECI'O SURVEYS

EXHIBIT IV Page 1 of 7

! FORM OF SPECIAL WARRANTY DEED AND BILL OF SALE THXS INDENTURE, made as of this day of 19 , between FLORIDA POWER & LIGHT COMPANY, a Florida corporation,'ereinafter.,called the "Grantor,"

and whose post of f ice address is hereinafter called the "Grantee."

(Wherever used herein, the terms "Grantor" and "Grantee" include all the parties to this instrument and. their successors and assigns.)

WXTNESSETH:

WHEREAS, Grantor is the owner of certain lands in St.

Lucie County, Florida, upon which a nuclear generating plant known as St. Lucie Unit No. 2 is being constructed; Grantor and Grantee have heretofore. entered and'HEREAS, into that certain Participation Agreement dated as of 19 , hereinafter called the "Participation Agreement," whereby Grantee will participate in the cost and power output of St Lucie Unit No. 2 as provided therein; and WHEREAS, Grantee wishes to acquire, and Grantor is willing to grant, an interest to Grantee as a tenant in common in the real property upon which St. Lucie Unit No. 2 is to be located, as more particularly described hereafter, subject however, to all of the terms and conditions of the Participation Agreement.

NOW, THEREFORE, Grantor, for and in consideration of TEN DOLLARS ($ 10.00) and other good and valuable considerations, the receipt whereof is hereby acknowledged, has and by these presents does grant, bargain and sell unto the Grantee an undi-vided,6.08951% interest in fee simple in and to that certain real property located in St. Lucie County, Florida, to-wit:

[legal description of Unit Site]

EXHIBIT XV Page 2 of 7 TOGETHER WITH an undivided 6.0895l%

interest in and to all structures, equipment and facilities now or hereafter constructed and installed in or on the above described real property (excluding transmission facilities).

RESERVING unto the Grantor an easement in the entire

,.property to 'enter upon, locate, construct, install, place,

.operate, maintain, inspect, repair, replace, relocate, disassemble and remove such machinery and equipment as may'e necessary, including without limitation certain air and/or water pollution control machinery and equipment including 'structures and related facilities and improvements presently'xisting or under construction or to be constructed, together with the right of ingress and egress in, to, through and over the above described 'premises for the purpose of doing anything necessary, useful or convenient to the enjoyment of the easement, which easement and rights pursuant to said easement shall be assignable.

Title to said property is to be held as tenants in common by Grantor, Grantee and certain other joint owners to which undivided interests therein have heretofore been, or will hereafter be, conveyed by Grantor by deed or deeds duly recorded in the Public Records of St. Lucie County, Florida.

Grantee, as an incident to the foregoing, shall have a non-exclusive right to ingress and egress upon adjoining lands of Grantor for access to the above described property from adjacent public roads exercisable over such improved roads as Grantor shall make available and at reasonable times, in accordance with Grantor's rules and regulations, limitations of licenses, and limitations of other regulatory authorities.

Furthermore, and also as an incident to the foregoing, Grantee shall have a non-exclusive easement for the use of certain Common Facilities, the terms and conditions of which easement are more particularly set forth in Section 2 of the Participation Agreement.

1

EXHIBIT IV Page 3 of 7 As part of the consideration for this conveyance, and as an incident to the title conveyed hereby, Grantor and Grantee covenant as follows:

(1) This conveyance is made pursuant to all the terms and provisions of the Par-ticipation Agreement.

(2) Said property sha11 be used only for the purposes of constructing and operating St.

Lucie Unit No. 2 thereon in accordance with the terms of this Participation Agreement, or for such other purpose as may be mutually agreed upon.

(3) Grantee, for itself, its successors and assigns, hereby accepts title to said property as a tenant in common with Grantor and others who may now hold or hereafter acquire interests as tenants in common in said pro-perty, and agrees that: (a) the interests hereby conveyed shall be'held as tenancies in common; (b) Grantee waives the right to partition the property, real or personal, hereby conveyed whether by partition in kind ox by sale and division of the proceeds thereof; (c) Grantee will not resort to any action at law or in equity to partition said property;.

(d) Grantee waives the benefit of all such laws as may now or hereafter authorize such partition; (e) the covenants herein made and restrictions set forth in this conveyance shall be binding upon Grantee, its successors and assigns, shall be an attribute of the, title herein conveyed to Grantee, and shall be and remain covenants running with the real and personal property hereby conveyed; (f) Grantee recognizes and .represents to the Grantor and others who may now or hereafter acquire interests in said property as tenants in common, that the common ownership created hereby and the reservations, conditions, f

i

EXHIBXT XV Page 4 of 7 restrictions, waivers and covenants herein set .

forth are for the mutual benefit of the parties and their successors and assigns, and that such benefit is best realized by insuring to each tenant in common the value of ownership, use and operation of St. Lucie 2 during the term of the useful life of St. Lucie Unit No. 2 including any repairs or replacements thereof, and for a reasonable period thereafter for safe decommissioning and disposal of. St. Lucie Unit No. 2, up to a maximum period of two hundred years; and (g) said reservations, conditions, restrictions, waivers and covenants are reasonably related to a proper purpose to be accomplished, and that said period is therefore reasonable when so considered.

(4) Each party shall have', without need for consent from or prior offer to any other tenant in common, the right at any time or from time to time to convey or create any form of security interest in all of its interest in all or any part of the property hereby conveyed, as security for its present or future bonds oi securities, including a mortgage or conveyance to a -trustee or trustees. Any such conveyance or creation shall be subject to all the terms and conditions of this deed and of the Participation Agreement. Subject to such terms and conditions, any such trustee or trustees, mortgagee or holder of a security interest, any successor or assign thereof, and any receiver or trustee in bankruptcy, reorganization or receivership of either party may, without need for consent of any otner tenant in common, succeed to and acquire all rights of either party and be subject to all obligations of either party pursuant to this deed.

(5) Grantor covenants with Grantee that Grantor shall likewise be bound by all of the terms, conditions, restrictions, waivers and covenants hereof with respect to any interest retained by Grantor in said real estate and improvements thereon; and Grantor further

EXHIBXT XV Page 5 of 7 covenants that any further conveyances of any interest in said property shall include all of the same terms, conditions, restrictions, waivers and convenants's contained herein.

This conveyance is subject to taxes and assessments for the current year and subsequent years, conditions, restrictions, covenants, limitations and easements of record, and the terms and conditions of that certain unrecorded Installment Purchase Contract between St. Lucie County, Florida and Grantor dated as of January 1, 1974, and that certain unrecorded Trust Indenture between St. Lucie County, Florida and the First National Bank of Miami, as Trustee, dated as of January 1, 1974.

TO HAVE AND TO HOLD the same in fee simple forever.

AND the Grantor hereby covenants with said Grantee that, except as above noted, at the time of delivery of this deed the premises were free from all encumbrances made by it, and that it will warrant the same against the lawful claims and demands of all persons claiming by, through or under it, but against n'one

, other.

IN HXTNESS HEREOF, the Grantor and Grantee have executed these-presents the day and year first above written.

Witnesses: FLORXDA POWER & LXGHT COMPANY (Two are required) (GRANTOR)

By:

Its Vxce Presa ent (AFFIX CORPORATE SEAL)

ORLANDO UTILITIES COMMXSSXON (GRANTEE)

By:

Its Vice President (AFFIX OFFICXAL SEAL)

Y EXHIBIT XV Page 6 of 7

( CXTY OF ORLANDO, (GRANTEE)

By:

(AFFXX OFFICIAL SEAL)

STATE OF FLORIDA)

SS COUNTY OF DADE )

The foregoing instrument was acknowledged before me this day of , 19 , by Vice President of Florida Power & Light Company, a Florida corporation, on behalf of the corporation.

Notary Pu lac My Commission Expires:

~ ~

STATE OF FLORIDA)

) SS COUNTY OF )

The foregoing instrument was acknowledged before me this day of 19,: by of a Florida on behalf of the Notary Public My Commission Expires:

EXHIBIT IV

.Page 7 of 7

( STATE OF FLORIDA)

) SS l COUNTY OF )

The foregoing instrument was acknowledged before me this day of 19 , by of a Florida on ehalf of the Notary Pu lac My Commission Expires:

EXHIBIT V Page 1 of 1 DETERMINATION OF SEASONAL NET CAPABILITY ST LUCIE UNIT NO. 2

1. General Pr ocedures:

Reactor power level is determined by NRC approved procedures. Power Level is adjusted to 100%.

Generation is determined by stopwatch and revolution counting of the generator watt-hour meter disc.

Auxiliary power is deter'mined in the same manner from the auxiliary transformer watt-hour meter. Net capability (output) is the difference between generation and auxiliary power.

Circulating water temperature is the average temperature of the water entering C. W. pumps, determined by calibrated resistance thermometers.

Seasonal circulating water temperatures used are:

Summer 85 F Spring dc Fall 80 F Winter V2 F. These temperatures were derived from historical data collected in the 10 year period immediately prior to construction of the St. Lucie Plant.

Seasonal Net Capability is calculated from the net capability determined above by applying a correction factor based on the test temperature and the respective seasonal temperatures. The correction factors are derived from curves supplied by the turbine manufacturer which relate generation to back pressure and from l condenser performance data, which related back pressure at 10096 reactor power to inlet circulation water temperature.

Duration of the test is at least one hour.

Capability tests are conducted at least semiannually.

2. Seasonal Ca abilit Date of Test Generation MW Auxiliary Power MW Net Capability as tested MW Circ. Water Temperature F Corr. Factor OSG S OV2 F Seasonal Net Capability MIU Summer Spring tUiuter 4 Fall

EXHIBITVI

. Page 1 of 1 AFC Rates 1968 1979 (calculated in accordance with Section 1.1. of the Participation Agreement)

Line No.

Period Rate 1 January - December 1968 8. 03%

2 January - December 1969 7. 88%

3 January - December 1970 7. 92%

4 January - December 1971 8. 00%

5 January December 1972 8. 00%

6 January December 1973 8. 00%

7 January - December 1974 8. 00%

8 January Mar'ch 1975 8. 50%

9 *April - December 1975 9. 27%

10 January March 1976 9. 35%

ll April June

- December 1976 1976 9. 41%

9. 28%

12 July 13 January -. December 1977 9. 28%

14 Janaury - December 1978 9.10%-

15 January - December 1979 9. 06%

t.

• Bey'nning April 1, 1975 deferred taxes were provided on the debt portion of AFUDC.

I

EXHIBIT VII Page 1 of 1 ~

! Allocation of System Control and Load Dispatching Costs Month, (As set forth in Section 6.3.9 of the Participation Agreement)

Year 1 1. Allocation Factor - No. of Hours Operated During Month of 2 a) St. Lucie Unit No. 2 (Plant daily report - Form 1192) hrs.

3 b) Total of All Company Owned Units (Same as above) hrs.

4 c) St. Lucie Unit No. 2 Allocation Factor 6,

5 7

2. Allocation of System Control and Load Dispatching Costs a) to St. Lucie No. 2 Monthly Charge to Account No. 556*

b) St. Lucie Unit No. 2 Allocation Factor (1(c) above) c) Allocation to St. Lucie Unit No. 2

• Charges to Account 556 include only production related costs.

OUC Calculation of Use Charge for Related Facilities EXHIBIT VIII Month, (As set forth in Section 6.6.1 of the Participation Agreement)

Year Page1of 4

[ inc No.

1 Monthl Fixed Char es Monthly Revenue requirement related to capital cost a) Net plant balance for Related Facilities (Note 1) b) Monthly Capital Charge Rate (See Exhibit VIII, pg. 3 of 4) c) Monthly Revenue Requirement 2~ Monthly depreciation expense 7 a) Depreciable plant balance (Note 2) 8 b) Monthly depreciation rate 9 (Calculated in a manner consistent with Exhibit YIII, page 4 of 4) c) Monthly depreciation expense (calculated in a manner consistent with Note 3 on Exhibit VIII, page 2 of 4) 13 3. Insurance 14 a) 1/12 of annual insurance properly allocable to 15 related facilities and not recovered as Participation Costs I

17 4~ Amortization of Investment Tax Credit (I.T.C.)

I18 a) b)

I.T.C. generated by Related Facilities Average Service Life 20 c) Annual Amortization of!.T.C.

d) Monthly Amortization of I.T.C. (4c divided by 12) 21 5. Total Monthly Fixed Charges (sum of 1(c), 2(c), 3(a),

22 less 4(d))

23 6. Monthly fixed charges applicable to St. Lucie Unit No. 2 24 a) Nlonthly fixed charges (See 5 above) 25 b) Percentage representing the utilization of the Related Facility by St. Lucie Unit No. 2 25 c) Monthly fixed charges to St. Lucie Unit No. 2 I

27 Participants Monthly Costs I a) Monthly fixed charges to St. Lucie Unit No. 2 29 b) Participants ownership percentage 30 c) Participants monthly cost NOTE:

l Net plant balance will be adjusted to include an Allowance for the Cost of Company's Capital in accordance with Section 1.1, excluding the expansion for income taxes, in place of the booked allowance for funds used during construction.

2. Depreciable plant balance will be adjusted to include an allowance for the Cost of Company's Capital in accordance with Section 1.1.

OUC EXHIBIT VGI Page 2 of 4 ne o.

1 3. Monthly depreciation expense shall cease to be included in this calculation when 2 depreciation expense determined pursuant to this calculation equalsthe'ccumulated 3 100% of depreciable plant (line 2a) plus the appropriate net salvage consistent with Exhibit VIII page 4 of 4.

OUC EXHIBIT VIII Page 3 of 4 Calculation of Capital Charge Rate Before Income Taxes Line (1)

Amount 8000's

'2)

PPL 2 Subsidiaries at

. Ratio -

Cost (4)

Weighted Cost (5)

Weighted for Income Taxes 1 Long Term Debt jr Preferred Stock (2) 3 Common Equity (2) 4 Accumulated Deferred Income Taxes (1)

Total Monthly l

i%OTE:

(1) Includes Accounts 190, 281, 282, 283 t

(2) Column 4 ". (1-beginning of the year state tax rate ) times (1-beginning of the year federal tax rate)

In the event that the federal or state income tax laws are changed so as to make the use of their statutory rates as a basis of weighting income taxes hereunder an unreasonable and inequitable method, a substituted fair and equitable method of weighing income taxes will be applied.

(3) The weighted cost of capital will be updated on an annual basis.

OUC EXHIBITVIH Page 4of 4 Calculation of Depreciation Rate. for Related Facilities Month , Year (2) (3)

(

Account We>ghted Cost Line Average Service Balance 9- Yrs.

No. Account Life (Yrs.) Column (1) x (2) 1 321.- Structures and Improvements 2 322- Reactor Plant Equipment 3 324 - Accessory Electric Equipment 4 325 - Misc. Power Plant Equipment Estimated decommissioning costs*

Total Weighted Average Service Life Column 3-.2 = Yr Annual Depreciation Rate 100 -.

Weighted Average Service Life =

Monthly

• The estimated decommissioning costs for the Related Facilities were arrived at by applying the present cost of removal rate of 20% to the cost of the related facilities.

If in the future the Florida Public Service Commission would change the negative salvage rate or the average service life the change will be r eflected in this Exhibit.

OUC EXHIBITIZ Page 1 of 3 Calculation of Use Charge for General Plant I (As set forth in Section 6.6.2 of the Participation Agreement)

Month , Year Line t40.

, Allocation Factors - (Fiscal Year )

t 2 1. St. Lucie No. 2 Payroll Allocation Factor 2 a) St. Lucie ORM Payroll b) Total Company ORM Payroll excluding A R G 5 (page 356, line 65, col. d of Form 1) l' c) St. Lucie Plant Payroll Allocation Factor d) Number of Units at St. Lucie Plant e) St. Lucie No. 2 Payroll Allocation Factor

2. St. Lucie No. 2 Vehicle Usage Allocation Factor ll 12 a) St. Lucie Plant Vehicle. Expense Total Company Vehicle expense excluding A 4 G b) 13 c) St. Lucie Plant Vehicle usage allocation factor d) Number of Units at St. I ucie Plant e) St. Lucie No. 2 Vehicle Usage allocation factor Monthly Revenue Requirement Related to Capital Cost le 3. Consolidated Net Plant Balance Allocated Based on Payroll (excluding transpor tation equipment)

Plant. Reset ve a) 389 Land R Land Rights (page 403 of Form 1) b) -

390 Structures 4 Improvements 22 (page 403 of Form 1) c) 391-Office furniture R equipment I (page 403 of Form 1) 25 d) 395 - Laboratory equipment .

26 (page 403 of Form 1) e) 398 - i>iiscellaneous Equipme'nt 28 (page 403 of Form 1) 29 f) Sum of (a) thru (e) above 66 g) St. Lucie No. 2 Payroll Allocation Factor 31 (1(e) above) 32 h) Total Net Plant Balance Allocated on Payroll

(,

OUC EXHIBITIX Page 2 of 3 Calculation of Use Charge for General Plant I (As set forth in Section 6.6.2 of the Participation Agreement)

Month , Year Line l No.

1 4. Consolidated Net Plant Balance Allocated based on vehicle 2 expense (transportation equipment) a) 392- Transportation Equipment Less accumulated depreciation (page 403 of Form 1) b) St. Lucie No. 2 Vehicle Allocation Factor

~

(2(e) above) ~

Fo c) Total Net Plant Balance Allocated on Vehicle Expense

[

7 5. Monthly Revenue Requirement Related to Capital Cost I: 8 a) Total Net Plant Balance (Sum 3(h) + 4(c))

9 b) Monthly Capital Charge Rate (See Exhibit VIII, 10 pg. 3 of 4) ll c) Monthly Revenue Requirement 12 Monthly Depreciation Expense

t. 6. Depreciation Expense allocated based on Payroll 14 (excluding transportation equipment) t!18 a) Monthly Depreciation Expense related to Accounts 389, 390, 391, 395, 398 17 b) St. Lucie No. 2 Payroll Allocation Factor 18 (Exhibit IX, l(e) pg. 1 of 3) Po l, c) Monthly Depreciation Expense Allocated to St.

20 Lucie No. 2 Taxes Other Than Income - (Fiscal Year I 22 7. Allocation based on payroll to St. Lucie No. 2 1/12 Taxes attributed to proper

'423 a) 3898 3908 3918 3958 398 ty in Accounts b) St. Lucie No. 2 Payroll Allocation Factor Zs (Exhibit IX, 1(e) pg. 1 of 3) 27 c) Total Taxes Allocated to St. Lucie No. 2

l:

OUC EXHIBITIX

' Calculation of Use Charge for General Plant (As set forth in Section 6.6.2 of the Participation Agreement)

Page 3of 3 Month Year Line Property Insurance (Fiscal Year )

['

8. Allocation based on Payroll to St. Lucie No. 2 a) 1/12 Property Insurance Cost Attributed to Property in Accounts 389, 390, 391, 395, 398 b) St. Lucie No. 2 Payroll Allocation Factor (Exhibit IX, 1(e) p . 1 of 3) c) Property Insurance Allocated to St. Lucie No. 2

9. Allocation based on Vehicle Expense a) 1/12 Property Insurance Cost Attributed to Property in Account 392 b) St. Lucie No. 2 Vehicle Allocation Factor (Exhibit IX, 2(e) pg. 1 of 3) 13 c) Property Insurance Allocated to St. Lucie No. 2 I 14 10. Monthly Insurance Allocated to St. Lucie No. 2 15 (8(c) + 9( ))

i6 11. Participants Monthly Cost a) Total Fixed Costs (5(c) + 6(c) + 7(c) + 10) b) Participants Ownership. Percentage c) Participants Monthly Cost

OUC EXHIBiTX Page 1 of 1 Inventory Service Charge Rate Line

!%o.

The following percentage inventory service charge rate, rounded to three decimals, shall be used in computing the monthly inventory service charges applicable to Participant as set forth in Section 6.6.3 of this Participation Agreement.

Annual Inventory Tax Rate applicable in St. Lucie County, Florida.

Note 1 Annual Capital Charge Rate (See Exhibit YIII, pg. 3 of 4)

I Sum of the above equals TOTAL Annual Carrying Rate 1/12 of the above equals Inventory Service Charge Rate Participant's Ownership Percentage Participant's Monthly Inventory Service Charge Rate for Accounts 151 and 154 related to the St. Lucie Project in Section 6.6.3 t NOTE:

1.

I The rate shall be calculated by taking the prior years inventory taxes paid in St. Lucie County for inventory included in Section 6.6.3 divided by prior years 13-month average

'inventory balance at December 31 of such inventory. This calculation of the rate shall be made once annually, preferrably at the beginning of the calendar year, so that the same rate will be applied monthly for the entire calendar year. Since this rate is only an approximation of the true rate a determination of the actual inventory tax rate shall be made upon receipt of the tax bill from St. Lucie County and Participation Costs shall be adjusted accordingly to reflect an over or under recovery of taxes for the year.

[;

OUC EXHIBIT XI Page 1 of 3 Allocation of Administrativ'e 2 General Expenses (As set forth in Section 6.3.12 of the Par ticipation Agreement)

Month Yeer Line iso.

1 The general and administrative expenses of the Company will be allocated to each 2 participant, monthly, based on the following rate, estimated for the current month 3 and adjusted to actual in the second succeeding month.

Descri tion of Account St. Lucie 2 allocable Production Expenses a) Total Production Expenses St. Lucie 2 b) Fuel for St. Lucie 2 c) St. Lucie 2 allocable Production Expenses (1(a) - 1(b))

8 2. 02 M Allocation Base 9 a) Total 0 8c M Expenses (page 420, line 184, 10 col. d of Form 1) 11 b) Administrative dc General Expenses (page 420, line 183, 12 col. d of Form 1) 13 c) Fuel Account 501 (page 417, line 5, col. d of 14 Form 1) 15 d) Fuel - Account 518 (page 41V, line 24, col. b 16 of Form 1) 17 e) Fuel - Account 547 (page 418, line 62, col. b I 18 19 20 21 f) of Form 1)

Purchased Power - Account 555 (page 418, line V5, col. b of Form 1) 06>M ADocation base (2(a) - 2(b) - 2(c) - 2(d) - 2(e)-

g) 22 2(f))

23 3. Administrative R General Overhead Rate (1(c) ". 2(g))

24 Monthly A R G Expenses Allocation 20 a) Monthly total A R G Expenses (Sum of Accounts 920 - 932) 26 (page 420, line 167, col. b of Form 1) 27 b) Outside services Account 923 (page 419, line 153, 28 col. b of Form 1) 29 c) Property insurance Account 924 (page 419, line 154 30 col. b of Form 1) 31 d) Injuries and damages - Account 925 (page 419, line 155, 32 col. b of Form 1) 33 e) Employee benefits (See Exhibit XI, pge 3 of 3) 34 f) Regulatory Commission Expenses - Account 928 35 (page 419, line 158, col. b of Form 1) 36 g) Adver tising - Account 930.1 (page 419, line 160, 37 col. b of Form 1)

.I

OUC EXHIBIT XI Page 2 of 3 Allocation of Administrative 2 General Expenses

( (As set forth in Section 6.3.12 of the Participation Agreement)

Month , Year Descri tion of Account 38 h) Miscellaneous General Expense - Account 930.2 39 (only the amount relating to EPRI Research 40 Support) (page 418 of Form 1) 41 Rents - Account 931 (only the amount pertaining 42 to district and division operations) 43 Allocable monthly A 2 G Expenses (4(a) 4(b) 4(c) 44 4(d) - 4(e) - 4(f) - 4(g) - 4(h) 4(i))

45 5. Participants Monthly Costs l;a 46 4V a) b)

Allocable monthly A R G expenses(See 4(j) above)

Administrative 2 General Overhead Rate (See 3 pg. 1 of 3) x 48 c) " Total allocated monthly costs 49 d) Participants percentage X

[ 50 Participants monthly A 2 G expenses e)

OUC EXHIBIT XI Page 3 of 3 Allocation of Administrative R General Expenses (As set forth in Section 6.3.12 of the Participation Agreement)

Month , Year Line Percentage of Straight No. Time Payroll 1 l. Employee Benefit Costs a) 'etirement b) Federal Insurance Contributions Tax Act c) Group Insurance d) Unemployment Compensation Tax 6 e) Other

~

7 f) Total employee benefit costs as a percent 8 of straight time payroll (la through 1e) 9 2. Attributed to A 2 G

!; a) Payroll charged to Account 920 (page 419, line 150, 11 col. b of Form 1) b) Employee benefits as a percent of straight time payroll (l(f) above) c) Employee benefits attributed to A dc G Salaries (2(a) x 2(b))

!. 3. Employee benefits to be reduced from Total A 2 G Expenses I: 18 a) Total employee benefits charged to 0 4 M (Account 926) 19 page 419, line 156, col. b of Form 1) 20 b) Total Employee benefits attributed to A R G salaries (2(c) above) t; c) Total employee benefits to be included in Exhibit XI, pg. 1 of 3, line 33 (3(a) - 3(b))

0 0

OUC EXHIBIT XII Page1of I Calculation of Use Charge for Common Major Spare Parts

( Line Vlonth, (As set forth in Section 6.6.4 of the Participation Agreement)

Year No.

1 30ionthl Fixed Char es Monthly Revenue requirement related to capital cost a) Net plant balance for Common Major Spare Parts (Note 1) b) Monthly Capital Charge Rate (See Exhibit VIII, pg. 3 of 4) e) Mo'nthly Revenue Requirement

2. Monthly depreciation expense a) Depreciable plant balance (Note 2) b) Monthly depreciation rate (Calculated in a manner consistent with Exhibit VIII, page 4 of 4) c) Monthly depreciation expense (calculated in a manner consistent with Note 3 on Exhibit VIII, page 2 of 4)

3. Insurance 14 a) 1/12 of annual insurance properly allocable to Common Major Spare Parts and not recovered as 16, Participation Costs

(~2 4., Amortization of Investment Tax Credit (I.T.C.)

a) ITC generated by Common Major Spare Parts 19 b) Average Service Life 20 c) Annual Amortization of I.T.C.

d) Monthly Amortization of I.T.C. (4c divided by 12) 21 Total Monthly Fixed Charges (sum of 1(c), 2(c), 3(a)

Less 4(d))

23 6. Monthly fixed charges applicable to St. Lucie Unit iVo. 2 a) Monthly fixed charges (See 5 above)

['025 b) c)

Percentage representing the number of units which item serves as a common major spare part Monthly fixed charges to St. Lucie Unit No. 2 27 Participants Monthly Costs a) iYlonthly fixed charges to St. Lucie Unit No. 2 29 b) Participants ownership percentage 30 c) Participants monthly cost I ÃOTEi 1 ~ Net plant balance will be adjusted to include an Allowance for the Cost of Company's Capital in accordance with Section 1.1, excluding the expansion for income taxes, in place of the booked allowance for funds used during construction.

2. Depreciable plant balance will be adjusted to include an allowance for the Cost of

,( Company's Capital in accordance with Section 1.1.

r r

i EXHIBIT XIII Florida Power 6 Light Company 9250 West Flagler 'Street Miami, Florida 33174 Gentlemen:

0e have acted as counsel on behalf of [Name of Partici-pant] (the "Participant" ) in connection with an agreement en-titled "St. Lucie Unit No. 2 Participation Agreement between " with Florida Power and Light Company and Exhibits through , inclusive, (collectively the "Partic-ipation Agreement" ). We have participated in the revi.ew of the Participation Agreement for the Participant and in al1 proceed-ings in connection therewith on behalf of the Participant before the Participant's governing body.

Based upon our familiarity with these transactions and the affairs of the Participant generally, we are of the opinion that:

The Participant has the power, authority and le-gal ability to execute the Participation Agree-ment.

The Participation Agreement has been duly and validly authorized, executed and delivered by, and constitutes a valid and binding obligation of the Participant.

(iii) The Participation Agreement is enforceable against the Participant according to its terms.

(iv) No further approval, authorization, consent or order of any board or body (public or private) is legally reauired for the performance of the Participant's obligations under the Participation Agreement.

(@ (v ) The execution and delivery of the Participation Agreement by Participant will not result in a breach of any federal, state or local statute, law, ordinance or regulation or of any of the terms or provisions of or constitute a default under the documents creating and establishing j the Participant or of any indenture or other agreement or instrument which the Participant has assumed or to which it is now a party, or any order, rule, decree or regulation applicable to the Participant of any federal or state court, legislative or administrative body having jurisdiction over Participant.

This opinion is subject to the following qualifications:

(a) The enforceability of the rights and remedies of any party to the Participation Agreement may be subject to, or I'b) affected by, applicable bankruptcy, insolvency, arrangement, re-organization, moratorium or similar laws affecting the rights of creditors generally.

Ne express no opinion as to the specific remedy that any court or other tribunal may grant, impose or render and, in particular, we express no opinion as to the availability of equitable remedies, as such, for the enforcement of the Parti-cipation Agreement.

(c) The various purchase options contained in the I Participation Agreement are subject to the limitations of Sec-tion 689.22, Florida Statutes, codifying the rule against perpe-tuities and limiting to 40 years the enforceability of options to purchase in gross.

Very truly yours,

0 I EXHXBXT XXV Orlando Utilities Commission Gentlemen:

Ne have acted as counsel on behalf of Florida Power &

Light Company (the "Company" ) in connection with an agreement entitled "St. Lucie Unit No. 2 Participation Agreement between

" with Exhibits the Company and ~

through inclusive, (collectively the "Participation Agreement" ) .

,l<e have participated in the review of the Participation Agreement for the Company and in all proceedings in connection therewith on behalf of the Company before the Company's governing body.

Based upon our familiarity with these transactions and the affairs of the Company generally, we are of the opinion that:

The Company has the power, authority and legal ability to execute the Participation Agreement.

The Participation Agreement h'as been duly and validly authorized, executed and delivered by, and constitutes a valid and binding obligation of- the Company.

(iii) The Participation against the Company Agreement is enforceable according to its terms.

(iv) No further approval, authorization, consent of any board or body (public or private) or'rder is legally required for the performance of the Company's obli'gations under the Participation Agreement.

(v) The execution and delivery of the Participation Agreement by Company will not result in a breach

, of any federal, state or local statute, law, ordinance or regulation or of any of the terms or provisions of or constitute a default under the documents creating and establishing the Company or of any indenture or. other agreement or instrument which the Company has assumed or to which it is now a party (excluding contracts with vendors, servicers and suppliers), or any order, rule, decree or regulation applicable to the Company of any federal or state court, legislative or administrative body having jurisdiction over Company.

This opinion is subject to the following qualifications:

(a) The enforceability of the rights and remedies of

~

any party to the Participation Agreement may be subject to, or affected by, applicable bankruptcy, insolvency, arrangement, re-organization, moratorium or similar laws affecting the rights of creditors generally.

(b) Ne express no opinion as to the specific remedy that any court or other tribunal may grant, impose or render and, in particular, we express no opinion as to the availability of equitable remedies, as such, for the enforcement of the Parti-cipation Agreement.

(c) The various purchase options contained in the Participation Agreement are subject to the limitations of Sec-tion 689.22, Florida Statutes, codifying the rule against perpe-tuities and limiting to 40 years the enforceability of options to purchase in gross.

Uery truly yours,

OUC EXHIBIT XV Page 1 of 1 Calculation of Monthly Charge for Spent Puel Pit (As set forth in Section 17.5.1 of the Par ticipation Agreement)

Month , Year Line No.

1 1. Monthly Revenue requirement related to capital costs (a) Original cost of St. Lucie Unit No. 2 spent fuel pit billed to the Participant by PPL (b) Accumulated Provision for Depreciation, (calculated in a manner consistent with Exhibit VIII, Pg. 4 of 4), from the in-service date of St. Lucie Unit No. 2 (c) Net Plant balance for St. Lucie Unit No. 2 spent fuel pit (1(a) 1(b))

(d) PPL's MontMy Capital Charge Rate (See Exhibit VIII, Page 3 of 4)

'(e) Monthly Revenue Requirement

2. Monthly Depreciation Expense I

13 (a) Depreciable plant balance (b) MontMy depreciation rate (calculated in a manner consistent with Exhibit VIII, Pg. 4 of 4)

(c) iVIonthly depreciation expense (calculated in a manner consistent with Note 3 on Exhibit VIII, Pg. 2 of 4)

3. Total Monthly Revenue Requirement and Depreciation Expense (sum of 1(e) R 2(c))

4. Monthly Charge 20 (a) Total Month1y Revenue Requirement and Depreciation Expense (See 3 above) 21 (b) Percentage of use (Note 1) 22 (c) MontMy Charge iVOTE:

1. The percentage of use shall be calculated by dividing (1) the number of extrinsic fuel rods being stored in the spent fuel pit by (2) the number of fuel rods which can be stored in the St. Lucie Unit No. 2 spent fuel pit.

r

f 1,

i-