Text

Request for Additional Financial Information. (Response to Items 5 Through 12)
	ML18192A393
Person / Time
Site:	Palo Verde
Issue date:	10/24/1975
From:	; Arizona Electric Power Cooperative
To:	; Office of Nuclear Reactor Regulation
References
	Download: ML18192A393 (94)
	v • d • e

Request: for Additional Pinancial Information Palo Verde Nuclear Plant Units 1, 2, and 3

Docket Nos. 50-528,50-529, and 50-530 ARIZONA ELECTRXC POWER COOPERATXVE, XNC.

October 24, 1975 (Response To Items 5 Thxough 12)

TABLE OF CONTENTS ITEM 5

ITEM 6

ITEM 7

12 ITEM 8

17 ITEM 9

ITEM 10 ITEM 11; 54 ITEM 12 55

"Complete for each participant the attached schedule titled, "Sources of Funds for System-Wide Construction Expenditures During Period of Construction of Subject Nuclear Power Plant," thxough the year of ear-liest estimated 'ompletion of Unit 3.

Provide a detailed explanation of the assumptions upon which the "Sources of Funds" statement is based.

These assumptions include, but are not necessarily limited to, (a) rate of return on avexage common dtock equity; (b) preferred stock dividend rate; (c) growth rate in Dfkl sales,

revenues, expenses, interest charges and net income; (d) common stock price/earnings ratio or the market/book ratio; with respect'o the projected common stock offerings; (e) common stock dividend payout ratio; (f) target capital structure; (g) resultant SEC and indenture interest coverages over the period of construction; and (h) long-term and short-term debt interest rates.

RESPONSE

TO XTEi1 5 See "Attachment for Item No. 5" on page 3.

A power supply cooperative is essentially lOO% debt financed.

AEPCO borrows through the Rural Electrification Administration Program, receiving its funds from RHA or through REA's guaranteed loan program.

ATTACEKNT FOR ITEM NO.

5 Applicant:

AEPCO Nuclear Plant:

PWi.'GS Sources of Funds for S stem-Ride Construction Ex enditures Durin Period of Construction of Sub ect Nuclear Pover Plant (millions of dollars)

Construction Years of Sub 'ect Nuclear Porkier Plant Security issues and other funds 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 Common stock Preferred stock Long-term debt Notes payable

. Contributions from parent-net Other funds TOTAL 79.37 81.57 46.07 15.16 1.39 4.04 5.16 5.25 5.36 79.37 81.57 46.'07 15.16 1.39 4.04 5.16 5.25 5.36

.56

.56 internal funds Net income Less:

preferred dividends common dividends Retained earnings Deferred taxes 1nvest.

tax cred.-deferred Depreciation and a mort.

Less:

ABC TOTAL TOTAL FUii,DS 0

0 0

G..

0 0

0 S 79.37 81.57 46.07 15.16 1.39 4.04 5.16 5.25 5.36 0

0

.56

.11 Construction ex enditures<<'uclear power plants Other 79.34 Total const.

exp's.

79.34 Subject nuclear plant

.03 81.54

.03 46.00

..07 14.71 0

.45 1.39 81.54 46.00 14.71 0

0 0

4.04, 5. 16

5. 25

5. 36 0

.56 0

.11 exclusive of AFDC (allomance for funds used during construction)

"Provide copies of the l974 Annual Report to Stockholder's and copies of the prospectus for each of the participants'ost recent security issue.

Provide copies of the preliminary prospectus for any pending security i.,sue.

Continue to submit copies of the Annual Report, for each year there-after as required by l0 CPR 50.7l. (b)."

RESPONSE

TO ITEtf 6 974 Annual Report.

(See pages 5-li)

Fonoo otpprovrd USDA RKA O>III ov>>. 4O.RO$ 66 OPEPATiHG REPCRT - FIHA)iCjAj U, 5, DrPARTMENT or AGR>CUI.TURK, I>LA,v*SMLIG~ d>t, o c tolSO CORPORATE Ning Ant ZONA I Ll IIC PO>dER COOPKRAf lvt, lHC.

aonao>>gn ogs>aksc>o An I zonh 26 MGMT>i tko>NG QE Ci a>DI R 3 I ~

v <<It ori iaol >aid >hoer co irr o/ih>s rr oo>o*ciadvs oar <<opy u/rsch vhooiraai. pose> bill by >hr 20th o/rsch rooaih /

SECTION A. IIALAtICE5HCET IHITRUC'flOH5 5

1 p

I nr >tr, orc.di>g soon>i.

For drisitcd Iastrvcfionr. scr R j'ot Itvttcfln IOJ2.

(>Isa>sly rcport coast>ic o/Rtot I o rs l2s. Itb. Itr. Iti. Itc lt/and I2s Deccnbct >rpoM olio tat(adrs RE>t forro Ith.)

I.IAOILI'flESAND OTHER CREDITS IT5 RQ4,38 A55ETS AND OTtlER DEO I~ TOTAL UTII.ITYPLANT IN OCRVICC ~- ~-..-

2 CONSTRUCTION WORK IH PROGRKSS...,.....,

3. TOTAL UTILITYPLANT (I C 2)............,.......

4. ACCVN.PROVISION FDXOOtRKCIATIO>tb Ssonr.

yo NKT UTILITYPLANT (J 4)

~...,....,...,... ~,

0, MOM V'r>LITYPROPERTY NET..., ~ ~

~

. ~ ~ ~

~

7, INVEST,IN ASSOC.ORG, PATROMAGECAVITAL 0

IMVCSTMCHTSIH ASSOC,ORG, OTHE>l-0, OTHEtt INVK5TMKMTS....,.

~

Ia SPKCIAI. FJO>OS It. TOTALOTHER PRDPCRTY d>NVtsy.(6 ihroi)OJ ltoCASH GCNCRAL FUNDS

~ ~ ~ ~ ~ ~. ~. ~ ~ ~ ~....,. ~ ~ ~.,.. ~

It, CASH CONSTRUCTION RVMD5 TRUSTCK 14, SPovCIAL DEPOSITS

. ~

~ ~...

1$, TEMPORARY INVESTMENTS ~.......,.....

15, HOTCS ntct>VAOLC HKT......

I ACCOUNTS RKCCIVADLE NET...

~.....

40. FUEL 5TOCK ~

13 4>ATERIAI.S 0 SVPPLoICS OTHCR.....,.......

to, PRKPAYNCNTS, tl,OTHER CURRKtiT 0 ACCRUED ASSETS

~

~ ~ ~

22 TOTALCVRREHT4 ACCRUED A51CTS(I2th>u 2l) tS. UHHORTaOKVT DISC> 6 EXTRAORD. PROP.LON

24. GTHKR ocrcnnco DKDIT5,-.

t5. TOTA'LASSETS h OT>fEn DEOIT5(s, II.J2.72.24) lb. SICMOERSHIPS 13,9> 3.1 71 r5 ty, PATRONAGE CAPITAt Oo ASSIGNED AND ASSIGHABLC,~. ~ ~. ~

.brntTIRCO T><<5 Vtnn...,,........,,...,...,,

tF RKTIRKD PRIOR YEAfls....,

oh HCT P*TROMAGC CAPITAL ~~~, ~,~

tb, OPERATING MARG>MS PRIOR YCARo --- -.

35.2)2 rt/6. AR o

rno 5 ~ 34?

844 29>924. 73>,'tt 1.843 609 01 4>3 Ev6 68 3c6.586.00 hi2>99i'. 0 1 7 i466,66 5!2a906.24 I 504. 778.

1 4; 29, OPERATING MARG>HS CVRREHT YEAR...,. ~ ~

30 HONOPCRATING S>ARGINSo.

3>, OT.ICR MARGINS 6 KOVITICS ~...,....~....,.~.,

32. TOTAL'MARGINSd Coo>TIES(2& f 27d th>a JIJ 50.650.30 146.42 7.03 535 933.20 992.606.37 78-0q5.50 7

7

'I R7 Pr1 7

7 71

43. )85.26 212.747.86

33. LONG TERM DLDT RCA..,

~. ~ ~ ~ ~ ~.

~..

24.

34. LONG TERM DKOa

(>THER..... ~~...,.........,..

35. TOTAI. I.ONG TERM DEUT (JJ t Jg).....,.....,.

~.

35. NOTES b ACCOUNT$ PAYAOLL 37, DTHE>l cvnncMT 4 AccRUcD LIARILITIEs...

34. TOTAL CVRRENTdACCRVED LIAO.(J6 4 JFJ

~

'I R

I RR 39, OCFERRCO CREDITS.....

r.597.00 1-20o 036.>6 3-324.068.69 2:. 5. 792. 5r>

1 15.41 4. 38 40 OPERATING RESERVES o>>

o.~,

-oo

~ I. CONYRIOUTIONS IN AIDot'ONSTRUCTION 7

RRR 139,032.82 st. ACCUMULATEDDtp'CnnooD It>CONK TAXCS...

5. 261.474. 73 225.547.03 1.282.200,09

43. T OTAL LIAOILITIKS 4 OTHER CRCD>TS (J2 t Js 4 JA rh>~ 4" For ihc Deer>aber JI rcport. any Msrg>n> to bc assigned should be Isctvdrd in tier> 274.

37,2i)6.85>9 RA SECTION Bo STATEbIENT OF OPERATIONS ITCH Ia CLCCTRIC ENERGY RCVKNUCS. ~ ~..o-.

~....-,.-,.o

2. INCOME FROM LKAsto PROPERTY NKT........,....-...

3, OTHKR OPERATING HCVCNUE 6 IHCO'sC...,.,.

~a TOTALOPER RKVKNUCS0 PATRONAGE CAPITAL(Ith>rJ)

d. OPERATION EXPCHSC PRODUCTloti

d. OPKRAYIOM CXPCNSK OTHER PO'ieCR SUPPLY....

7. OPERATION CXI CHSC - Tnhksk>ssiok..................

0 Ot ENATION EXPENSE OISTRIOUTIO 4

~

Sa OPERATION L'XPCMSC COHSUMEH ACCT$

~- --o ~

oo 10, OPERATION CXPKN5C SALCS..., ~

~.. ~,

II, OPERATION CXPENSt ADMINISTRATIVE6 GKNCRAt.

12, TOTALOPERATION CXPCHSE (5 ihni IIJ 13.4IAIHTCHAHCC CXPCNSC PRODVCTIOM,,...

14o MAIHTKHAtICCCXPCHSC TRAHSMISSION --.

1$, M*INTCHAtICCCXVCHSE DlrrTRIOVTION ~,

10 44AUITKHANCKKXPCHSC GCHKRAI'LANT 17, TOTAL MAIHTCVANCC FXPKH5C (IJ thru Id).

13, DEPRECIATION I> AMORTIZATIONCXPKHSE, 10, TAXC5 LA\\7 YCAR

/>941o465.34 13.6"0.27 7.966-'.46.65.

3.427 80'I oGO 1 606-330.

6 84.934.34 41 8, RED o.5;.(.ROC. 74

) 3>aa I'da ~ ~9 42 885 o8 3! otoBD.3O 2'.Oo296.82 669-720.68 550 533.74 YEAR ~ TO DATE THIS YKAR 10.665.346.8o 32,8) 3 3)

IQ tin. 160.1 7

4. 76>,!04.07 3.014.,>F37.01 ol 4q4 6r COD. Cln'1 I R 8a3>JO 6

OQ I?'

..04. 83 100.533. i2 52.13t.05

- '32tt.q69".60 6!8.957.06 798.928.'!I OUOGET THIS MONTH l e )96.99o.&6 "2" 7" I.ND. YD 61 0. T";

284,1 3

/q7 77 ROS nr 1.018.086 68

24. 623.67 7.041.08 D rf11.7R 34,"-71 CR vo, INTEREST OM LOMGITCRMOCOT>>~

~ o. -o

~ >>. -o -o 10 1 INTEREST CHARGKD TO CONSTRUC'TION cn OIT 11 ~ OTHER DEDUCTIOH5 ~..

12. TOTALCOST OF ELECTRIC SCRV>CC (l2 t l7 ihr 2IJ, 23,.OPERATING MARGINS (4

22J,

14. IMTCRKST INCONC.

2$. ALLOWAHCKF cn FVHD5 U5KD DUR>NG COHST 1$. Ofktit NOM OPERATING INCOME HKT,-......,..'.-

i27,OCHtt>ATION b TRANSMISSION CAPITALCIIKOITS

"-'7.1 OTHER CAPITALCntDITS AHD PAT. DIVIDENDS

20. CXTRAOROUIARYITEMS 29, HET PATRONAGE CAPITAL OR MAIIGIHS(2Jih>o 2$)...

ITCH 392,9'!2.42 I.

)

O'I:.. 447.45 I

359 lt)7,4+ I O'll o

/.281.895,01 673 250.60

".17.600.02 10.(F:".>)Qv Rl "0-650.3O

>Q >22o

'72 41 455,QQ

~

- >od

~

197.()7>.qj Wh ( piiono ate y

M>I LS/1 4?

4 10 I

4 7OP -t) 62, I cD

'I o

Ir f39,704

-Qt-overJ te, CI.ECTRIC Cktnov ntvtiiut PKR hrh SOLO..

74, TOTAL OPERATION IOND MA>NTCHANCKPKR hah 5OLo.,...,..o....,...

32 7'OTAL COST OF ELECTRIC SERVICE atnh>sh SOLD............................

4 r n Sr VC lgh.....,......,......,

!2.29

~

0>

>2 ~ C(

15 o06 17 7A CERT I F ICAT I ON IFr hereby certify thai the cntri'es in ih>s trport o tsctadto>g REd Foo> Ith (I/aiylarc in aecordoner iolih thr aeroun + nd othrr fdords of ihe syctrn nnd thai ihr rcport rrfirris tir stat>ac of ihr <<yiirrt to thr brst nf nur hnoootrddr o d I( f.

f

~3> 7~

a l&)~ra r-aa o(~-~so-

~fZc.r I ra'rNH DATE 5>GHATU>itc'TVILKoF PcnsoN Pntvh;>Inijcitvot>T OATK Go>ATU>lt OF GCHKNA MANAGER Rth FORM

'12s RKV IO 7 ~

c' VSO*

A ponte AI onovco OSIIS HO ss neo ~ S OPEPATI (G REPORT - AHHUAL5UPPLEh(EHT sos so TOI V.S. DersARTMKNT Ot AGRICVLTVRK.RKA, ISASHIHGTGN. O.C honltotts;R DcsICNA cIOV ATL"..Otttq 28 IttSTRvcftostssohmtt ottiiner ond thteo coos ~ s of this Iepott oithtn 70 dot ~ octet the erose ot the year. Fot deteiied 555 ~ tsostf0555 SCe REA Got. IOS42 SECTID!l A. VTILtTYPLAHT

<Con L>IDINC DECESIDER 31. i9 74 iTKM 1 nxi.xricc VKGINtirNG DP YKAA AOOtTIONS nKTIRKMK>>TS c ~

'D3VSTiseN TS AHO

'T/IAtlsi'CRS oxhAHCK Ktsp Oi' KAR I. TOtal intangible Piant (301 thru 303)

~ ~ ~ ~ ~ ~. ~

2. Land and Land Rtghte (310)...". ~ ~ ~ ~ ~ ~ ~ ~ ~

3. Strvcturcs snd Improven:cnts (311)....,....

~

4. Boiler plant Equipment f312)..............

5. Eng's. 8 Engine Driven Gcneratot (313)....,

6. Tvrbo Generator Units (314)................

7. Accessory Ercctiic Equipment (315).........

8. htiscelisncous Power Plant Equip. (316).....

9. Total Steam Proouction Plant (2 thiu 8)......

10. Total tiuciesr (trot!uCt!On Plan! (320 thiu 325).

11. Land and Land Rights (330)...............

12. Slrvctuics and improvements (331).....,.....

13. Resp~voice. Dsms snd'iysterwsys (332).....,.

14. Yfater ithecls Turb. 8 Generators (333).......

15. Accessory Electric Equipment (33I).....,..

16. MisccHsneous Powet Plant Eqitipmen't(335}..

17. Roads, ftsiitosds and Dndges (336),........

18. Total Hydro Pioduction Plant (ll th:>>17)....

19, Lard snd Land Rights (340).......,........

20. Structures snd lmproveipcnts (3ct)...........

21. Fuel Hoidcts. Pro "ucticn 8 Access'rs (3C2'I..

22. Prie:ef'ovets(3C3).........,.....

~ ~ ~ ~ ~ ~ ~.

23. Generators (34C).......~....

~ ~ ~ ~.. ~ ~ ~ ~ ~ ~ ~ ~

24. Acccssoiy Electric Equifmmnt (345).........

25. Isisccttanccus powcc plant Equip. (3(6).....

2o. TOtaI Other Pioduction Plant (19 thru 25)....

21. Total Pioduction Plant (9e )Oe igp26)......

28. Land snd Land Righta (3$0)...............

29. Structures and )ntprqvemcntS (3$2),..........

30. Station Equlpmen't(3$ 3)...................

31 Towcts and Fix'tures (3$4)

~ ~ ~

5 ~

~

~ ~

32. poles snd Fixtures (355).............

~.. ~.

33. Overhead Condvctors 8 Devices (356)....; ~.

34. Underground Conduit (357).................

35. Other Transmission Plant (3$8 tiuu 3$9).....

35. Total Transmission Plant (28 thru 35).......

31. Lsrxs snd Land Rights (360)..........,....

33. Structures sr4 fmprovcmen:s (361).". "..."

39. Station Equipnmnt (362)

40. Storage Ostiary Equipircnt (363)............

41. Poles, Towers snd Fixtures (364)...........

42. Overhead Conductors 8 Devices (365).......

43. Othcc Dlstiibution Plant (356 thru 373).......

44. Tatal OiatribuhOn Plant (31 thru 43)........

rS. Land and Land Rights (3$ 9)..........

~""

46. Structures and fmprovenmntx (390)...........

41. OffiCO Furniture and Equioment (39))........

C8. Trsnspoctation Eruipment (392)............

49.5toros Equipment(3)11 """"""""""

Ac. TCOIS, Stscp 4. Garage Fquipment (394).......

51. Lsboratqiy Equtfhvdnt (395).......~.......

~

52. PqvICr Operated Equiocznt (356)............

S3. CommunicsttOnS Equtpnont (35) )..

5(. Itiscetisncous Equipmcnt (35S)

55. Other Tsngibte Piopetty l359) ev6, Tots'I General Pisnl (c$ thrv 5$ ).

57. Elec. Pisnl in 5ervice ll 927 c35 9 Cc 1 56)...

$3. Elec. Plant Purchased or So'rd (102)

59. Elec. Plant Leased to Othcis (104)

60. EleC. Plan; IteId ICr I uture VSe (105)

61. Completed Construction nol Cisssihed (lbrt)..

62. Acquisihon Adiustments (114)

63. Other VtilityPlant (118)....~.............

~

64. Iiuclear Foci Assemblfes (120.1 thru 120.C)..

6$. To(xi Vtttity I'Isnt in Sermce

($1 tnru64)...

66. construction Ivork in progress (101).........

61. Totsf Vtihtv Pfsni 6$ i 66t...........,.

REC Form 12h Rev Crnfc 39950. 46 1536699.27 li583216.

8 0

5308476.47 li05769.61 130883.06 s

1200li995.65 0

0 0

0' 1/33.79 185193.42 106073.02 li03705 71 55607 78 88240.G4 13805.l>2 s

85li359.78 12859355.43 100.00 14068.81 2802223.33 103083.38 943470.94 1287809.73 0

7 0

111323.18 0

0 s

111323.18 19046.57 266669.87 49039.39 28570.22 2231.li9 lil366. 12 20545.13 5ri907.17 24Z9Z7.79 1525.61 0

731879.36 s

1&SG0366.54 0

0 2351331.98 17651.18 0

22882173.82 0

0 12270.8li 1594.76 0

0 0

0 13865.60 0

0 0

0 s

13865.'60 0

0 1554.33 0

0 0

19030.20 59118.35 0

12692.94 1051.75 66399.39 4076.1G 0

1G305G.05 s

17&li75.98 0

0 0

0 s~s& li7~98 12260347.33 (12438823.31 0

0 2051.01 0

0 s

0 0

0 27111.69 0

0 s

7052.3S 39950.li6 1546919.10 4611923.23 0

530&476.47 0

0 li05769.61 0

205 l.01 0

0 0

27111.69 0

0 0

130883.06 12043921.93 5

55 0

0 0

0 1733.79 0

0 185193. li2 0

0 0

0 125899.04 1232927.27 636012.56 234468.00 0

s2229'06.87 231972.06

. 1636G37 98 691620. 34 322708.64 13805. 4~~41 s

3083666.65 2051.01 s2256418.56 0

0 48923.60 23929.93 45989.82 0

s 15127588.58 100.00 62992.41 2825837.55 103083.38 0

0 0

4 J

0 0

0 1170.39 20764.27 0

505.70 0

0 0

0 9 23.>2 0

0 0

1287809.73 0

0 542329 i.01 0

0 111323. 18 0

0

-0 0

111323.18 19046.57 266669.87 66899.20 66924.30 2231.li9 53553 36 21596.88 121306. 5rt 252053.95 2212.87 0

s 224li0.3G s

0 s

872495.05 48421.30 0

0 0.

0 0

$ 2357331.98 0

0 2 51331.98 0

0 s 21341753.20 0

0 I

4&ii21. 30 0

0 5 213XSI04.

3388 0

13913 171.li5 I

4&li21.30 s

0 s 35272575.83 Pose I of 4 popes 0

943470.94

eoRRO>>a>>

<>essa salsoH

>>TKM COM.

POSi TC AATK

<PKACCND e

OALAa<CC DKG<t<N<NG OF YCAR ANNUAL ACCAVALS RKTIAKMKNTS LFSS i<KT SALVACC ADJUSTMKNTS AND TRANS>'CRS OALAI<CC KHD OF YKAA

<7 3

2.82

$ 277 388.88 s3l5891.07

'e> WIPISSidSn:,~IMb8: iL

2. Depr. o(NIKE@ PrciR. F<arg2~7IQ8 j 537843.29 38560.84 70047.96 2558. i 1i2257. i 5322>90. i3 677940(>5

4. Depr. of Otner Prod. Piant(IC8.4)...,

5. Defv. of Transmission Plant (103.5)...

6. Depi. ot Distnbution Plant (103.6)....

7. Depr. of Glreral Plant (IC8.7).......

8. Re\\i<errant)Yo<X in Progress (103.8)...

9. Total oep<.io< Dec. Plant inServ.(1.8).

10. Dep<. of Plant Leased to Otbeis (109).

11. Oepr. of Plant Held foi Future Use(110)

12. Ainou. of Elec. piant in Service (111).

13. Amort. of Leased Plant (112)........,

14. Amo<t. of Plant Hetd fo< Future (113)..

15. Arne<I. ot Acquisition Adi. (115)......

16. Depr. C Ac<crt. Other plant(119)......

17. Amoil. of lluclear Fuel (120.5)........

18. Total Prov.for Depr.and Amo<t.(9.17).:

2.675 31775.46 1 4070.90 34lIi.20 4068/i. 83 0

3142. 6I>

4 47316.97 0

0 0

0 7052.38 0

0 0

1837.32 3976.54 0

0

.0 sI7(spy~4 8

60~25

.06

21. BOOK COST Ol'ROPKATY RFTIR 49027.70 la AMOUNT OF ANNVAI ACCAVALCHAAGCOTO CXPCNSC 618 957.06 (29390.78)

<448.32 29390.78 0

0 0

0 5798.46 0

0 0

I>33. 31 0

0 0

s 25 756.83 23 ~ SAL AC VAGC MATCAIALSfR TIACD 24136.20 545565.0.

99438.7I 5550Ii8.8 771429.3 3S189.6 228910.2 5324977.8 0

0 7052.3 0

0 15813.8 0

0 3 5347844. 12 OM PAOPKdATY 20, AMOUNT OF AN>>UAI. ACCRUAL Ci<A<IGKO TO 22 RCMOVAI.COST OF PROPKRTY RKTIRCO

24. ACH>WA<. Ai<O RKPLACCMCt<T COST s

1370(.OQ 865.33 0

SEC TlodH C. NONUTILITYP OPERTY ITC>l

1. IionutilityProperty (121)..........

~..

2. Provision for Depr. and Ac<crt. ()22)....

BALANCK OCGIN<l<NO OF YKAA e,

0 s

0 AUDIT<Oil 3 b.

s 0

AKTIRKllCNTS s

0 0

AD3VSTMKNY AND TAANSFCRS 0

s 0

BALANCC KNO OF VCAA s

0 SECTION O.

SU SSTATIOH AHO METERING POINTS'>A'l<C AllO LOCA'r<O<l OF SUBSTATION OA IIKTKRINGPOINT OP<N 6 b.

tl O

s kVA CAPACITY MAXIMUM OKMANO kVAOR I<W MONTH OF MAX, DCMAND i<AMC Ai<D LOCATION OF SUBSTATION OR MCTKRING POINT e

OWNKD b.

v N

0 IeVA APACiTY MAXIMUM MONTH DCMA<ID OF ><AX.

i<VA OAkW DtrMANO I~ Duncan Substation 2000 2609 A ril

)8Xartchner Substation X

50000 17600 Dcc.

r.ate are.ie ~poise

3. Cochise Substatio

4. Marana Sub.,tation Es.

s. Ianna~a;ie

. P*i~e

6. yg>>on~ubstatj,os

7. A ac)te Gas TurbineX

s. Mortenson Substat.

X

9. Net7 That'cher Sub.

X ID..Redtail Substatio>X

11. Dos Condado(Htg.

CX

)2. Pitca Mine

13. Duval Mine.(t.Pt.

X 50000 15000

+00 37500 3000 1500 50000 3750 12978 35200 9700 62000 I I 3l900 3343 2004 28100 13200 3S84 2380 June

19. Romen Substat:ion X

June 20.

Au ust:

21.

S~et.

22.

SR C

Pcb.

Se t.

25 AUD~

26.

June 27.

June 28.

Se t.

29.

March 3750 272 June

)4. Anaconda East Mt;.Pt X

is. C rona

<S~<e

.Pr..

2 0

Sept.

32

16. Anaconda Mine K

Is. 3>ra Pa~neo X

84000 9000 47840

. 6700 Nov 33.

June SECTION E.

OPERATIOH AHD hlAIHTENANCE COSTS 5'ECTIOH F.

OPERATING RATIOS AHO AVERAGES (Use REA Form 12a io Campvle This Dain)

1. Trns. Lines (a) 115 kv (b) kv

< i Ir id}

so (f) To'isl........

2. Dlstiibu. L>nes

3. Substations....

(a) Step up at Gen-erating Pits...

(b) Tiansraission..

(c) Diatribulion...

(d)

Totalta>b>c).

NU'MOCR OF STA TIONS IN SKRV<CK Aver>AGK No.

OF HiLKS OF LINC OR

'kVA IN SCAViCC b.

205.72 205.72 1377500 125,000 1~0, OPC RATION 8,

AIN ~ E NANCC d.

17.64 77.32 17.

4 77.32 10 11 12 13 14.

~

3 l6 AVKAAGKCOST PC>l MILC OA PKA kVA ITCH Current Assets to Current Liabihties.............

Margin 2nd Fquibes to Tout Assets..............

Long Term Debt to fiat UulityPlant..............

Depr. and Amort. Reservesto'UtilityP>antinSeiv....

Oper. and htaint. Cost Per $ 1000 Util. Pit. in Serv..

Total Cost oi Serv. Per $ 1CCD Ulil. Pll. in Se<v....

Total Oper. Income Pcr $ 1000 Ut<l, Pit. In Serv....

Powei Expense as Krof Total cost of Scrvicc......

TranS. andD>St. EXpen>eaaesolTOtaICOStOI SeiV...

Adn in. and Gen. Expense as re of Tout Gest ofServ...

Depi., Taxes,lnt.g,otherastebofTota>CostcfSeiv...

Opeiating Inco...e as 'a of Total Cost ot Seiv.

Aveiage )avast<rent Per Employee......,.........

Timdes tntcrcst Earned Ratio (Tier).

Debt Service Coveiage (OSC)....................

General funds aseaof Tot I tiiit p>ln IIATIOOA AVCAAGC 0.50 O.OIl 0.84 0.25 407.59 499.43 501.80 7I 4.6 18.4 326.74

~27 0.29 REA Fesm 12k RKV. >0.74

'lf oddilienal space 'is needed, a<loch sepaiaie sheet.

Pose 2 ef 4 pe> ~ e

OPERATING REPORT - ANNUALSUPPLFh'IENT Continued OOIIIIOn uir OCOIGHAVIDN Arizona 28 YEAR EHDltiG 12/31/ 74 SECTIOH G.

CASH AND INVESTMQHTS NAME OV ORGANIZATION,INSTITUTIONOR OLPOSI TORY I. InvesL m Assocmtedorganuations I'stionsge Capital(123.1)

Suloh~ea ninon Ialle Slee.

Coo (b)

Nntional Rural VtiliLics Finance lc)

2. InvestmentinAssocia'tedorganitationsZtner(123.224123.23)

'(s)

NR CA A/C 1232 (b)

Sulphur Springs Valle Elec A Cl?

(c)

Cl'C A C 123.22 (di CFC A C 123.23 FORM OR TYPE Of INVCSTMCNT 4

Patronage Ca i.t:nl o

Ioeeonnl~ooa leal Men>her shi 32 Membcrsh 1 Cn ital Term Certificate.

Mcclbershi MATURITY OATC b.

RI'.A USC ONLY 4,

CVRRCNT DALANCC d.

s 2 383.88 4l 455.00 10.00 5.00 387 573.00 1 000.00

3. Other Invesbcents (124)

(a) First National Bank of Arizona (bl ort >western Mutua Li e lns.

Co.

(c)

(d)

(e)

Time Certificate

'/7/75 Cash Value-Mgr s Life ln 60 000.00 2 992.70 (8)

4. SpeCial Funda (123 thru 128)

(a) lIRECA (b)

S. Cash. Ger erst in sli Depositories snd Trmking Funds (a) Specify no.-.JHioIDeposnories 1

(131.1+133)

6. Cash-Construction Fhmd-Trustee (131.2)

y. special Deposits (134)

(s)

Sce attached brcalcdown (b)

8. Temporary Invesb.ants (135)

(s)

(b)

(c) 0 ld)

(e)

E Deferred Ccxn ensnntion 17 486.66 "43 785.26 212 747.86 4 597.00 (gl 9,

Total (Sum of 1 thru &)

SECTION N.

COM)lIT>SENTS TO ASSOCIATED ORGANIZATIONS 774,036.36 NAME OV ORCANIZATIOH I".Intionnl Rural Vtilities Pinancc Coo IIATURC OV COMhl>TMENT 4

Ca ital Term Certifi RCA Ust ONLY b.

aLrns DALANCCOV COMMITMCH T 4,

812 COMMITMCNT NEXT YEAR d.

SECTION J.

t>OTES AHD ACCOUHTS RECEIVABLE ITCH

~

~ ~

S. tiet Receivsbfes (I plus 2 pius 3 minus 4).

1. Notes Reeeivabie (141)

(S) FrOm EmpiOyeeS.....

(b) From Directors (c) From Others

2. Customer hecormtS Receivable-Electric (142.1).

3. Other Accounts Receivable (142.2 and 143).

(a) From Eoetoyces.

(b) From Directors (c) From Contractors..

e

~

(d) From Others

4. Aceurcuiatcd Provision Ior Uncoiiectsbie Aeceivables (144-144.3)..

OALAHCC ENO OF YCAR 3

0 0

0 1 204 431.87 1 604.29 0

0 31 206 036.16 AMCUNT PAST OUE s

0 0

SECTION K. PREPAYMEHTS, ACCRUED ASS -TS DEFERRED DEttITS ITCH I, Prepaid insurance (163.1)....................

~.

2, Other Prepsyments (169.2).....................

Total Prepsyments (I > 2)

4. Interest and Oiwdends Receivable (17 I).........

s. other ccrrcnt 8 Acnued Asseis (l)2> I)4 REA FOhe I2& RCV, IOTl DAI.ANCE ENO OF YCAR

~343 711.38 71 703.00 115 I414. 38 0

139,032 '2 6 Unsmortiscd Loan Cxpense (181)

7. Fxtraordinary Prop. Losses (182).....

8. Preiiminary Survey 8 Invest. Charges (183)

9. Other Deterred Debits (184 > 186).

10.

Toter Sumo(l tnru9),........

DALANCC END OF YEAR s

0 225 547.03 0

1 282 200.09 1 762 194.32 Poe ~ 3 or 4 roses

OOPRDWCR OCSIOHATIDH OPERATIHG REPORT A)INUALSUPPLER(E)(T Continued Arizona 28 YEAR El(DING 12y3)I7.

I SECTIOII L. PROFESSIONAL SERVICE PAYMENTS NAME AND ADOAESS (include P.O. Ifo>4 Srteet >>(ddre> ~ Ot kore( Poule, City, Srat ~ ra ZIP Cod>I TvpK oy szflvlcE REA VSE ONLY AMOUNT PAID (Snow amount only IIIl ercred>

SIOOI c

SEE

'EPACT)(ED SECTION M. MATERIALAtiD SUPPLIES INVENTORY ITEM OALAHCK FIRST'F YEAR 4

PURCHASCD 4>

SAI.VACCD I

USED 5 SOI.D QALANCKCHD Of VEAA d

1. Coal

2. O>dter Fuel..

3, PIOduction Plant Pa(Is aei Supplies

4. Station Trans(o(CU(s and Equ((537ent S. Une IaateliatS and SupplieS

6. Other lister tais ael Supplies.

7.

Total Sum or I thru 6 s

0 882769.6 0

s 0

4924994.3 2483695.3 s

0 33 $4408.

328887.9 118486.9 231582.33 215792.5 0

0 0

0 SECTION N.

LONG TE RM DEBT OTHER 0

0 05398 1.2 921165~7.59 55>>3181.3'2715277.69 PAYCE ILI~ ( Separa(elt Sy Payee'

~ Breeder Reactor Cor oration FOAM OR TYPF OF ISSUE DATF Of ISSU E Ev 6-28-72 DATE Of MATVAlTV c ~

OUTSTANDING EHD OF'CAR d.

2-31-81 s 78094.80 S.

Total (Suan ot I thru 4)

SECTION P.

TAXES s 78094.80 SECTIOH Q.

EST'D. FUNDS INVESTED IN PLT. DURIHG YEAR

1. Property Tax by States (a)

(b)

(c)

2. Gross Receipts Tax by States (5)

(b)

(c)

3. Paytoll and Other Taxes 4.

Total Taxes(vurncl)42 t 3) s 743752.45

",20888.47 34287.19 s 798928.11

1. Additions to Plant (Sec. A., It(ra 67, Col. b)..

2. Less:

(a) REA Loan Funds Expended.............

(b) Other Loan Fuels Expended............

(c) Cont>)buttons in Aid ol Construction......

(d) salvaged)Sate(lais (sec. B, It(ra 23)......

(e)

Subtotal a thru d

3. O>Per Funds Invested in Plant (I minus 2e)...

~

f12438823. 31 5247117.85 5896816.14 8000.00 sll151933.99 s 1286889.32 SECTION R.

CONTINUIHG PROPERTY RECORD

nc cf R s MAIHTAIHKDoH

GURRCH T DA5(5t

+YES fgt(O IIIIVO> captain rnetnod u>ed In compo(In>f co>t or tettlement>I SECTIOH S.

ANNUALMEETING DATA I, OATC Ol',A55 ANNUALMCCTIN 5, NVMDCA OF CLICIOLC VOTCAS March 15 1974 5, WAS OVORUM PAI'SKHTt PJ YES LS HO 4, tlUMocn voTING ov pfloxv 0/t MA(I 0

5, NVMOCA PACSCtlT IH VCRSOtl 4, APPADXIM*TCCOST Ol'AST ANNUALMCCTIHG s

$160.00

5. DATc oF NKxT ANNUALMcKTINc((/er oPPtorrmata dele Ir not 8411 March 21 1975 SECTIOH T.

BOARD MEMBER AHD MANAGER DATA I, NUMDCA OF ODAAO MK>AOKR5 10 2, HUMOCR OF'OAf(0 MKMOCR5 5CAVIHG FIRST TCRM OATCS SCT FOR ACCVLAR OOARO MCFTINCS Fourth ()ednesda of each month.

a. AMMU*I,C05T OF OIRCCTORS FCCS AHD CXPCtl5CS

5. ANNUAI SALARY Ol'AH*CCR 4, OTHCII COMPCNSATIDH FOR MANACCII 7, DOCS MAH*CCNHAVC WRI TTC CO'HTRACTt 23 400.00 6 924.67 SECTIOII U. MAH HOUR AND PAYROLL STATISTICS YES 2( I NO I Hue(( ~ Ot t>AI I vl lv>IV>IIS I ua<ovt5 PCN(o >((la>>t t>vl 57 102833

~ ISIIv>>1(D a'8'I

~I ~IS (0<<II>>(I I>>101 0>I ~ 4 AIA'III I r>>HCI( HH<<MD 596585.'13 I a>a<>ovll ant>lo C>nlr> I

~ IDI>>1 ua I >4JIS I>OiltO I '

I (Uwat(D>> *n r(a>5 (Ov'N>>(l I>>to> (0<<SIPKI>ov

~ ra>IO>>1 CI<<'I>>IVID I

a'I ~. II Of n ~

511

.5 107952.5 98,2 I

5 I~.>0(1(7>al 7 1<<>u ~

i6 32859.47 35530.98 64975.58 SECTION V, LONG TERM LEASES (tf ADDINOIIALSPAE'I IS t(EEDAD, USE SEPAI(ATE SIIEEf.l IC(HIDWau 1(SNKHD ~Ionnl "nnov M~ Iouo I(tu

~ Hall Ir >Kwl.natl

<< av I Ol I($50(

l>tl 0> rto>> ~It

~I<>a l>95 ttal

)

ID>at SEE ATTACi(ED

~

~(5>tKI(D ~ >D>(Hr a (a<<5 an r>DH M5 o>vl> I *v avtov Clat(

HADAL Ha\\I>x Ha(IQILonel >i<<(IIS >w(1>rm<<G W>t&v(l>v >>>I(tv 6 r(l>>tI A<<D 5>v>5 0>tr I, Ca>act a<<D Wa>&IVIII'a(I AVDOHKI IDVtut<<t eAXVDV>raVul>>out 5<<>IAWVCou>V>1tl

~ ~ ~

I(PKIlttu>>l>><<5 Ual(5 n ~ rwo v<<la ~ tlo HIPS>t>>1><<G w10 a(((XIIIlltv$0> tt<<lwal al tuf (>IIOP Dt Ivl 1(5501. v <<lt>rtt 0> I>>of SVC>> l(AS(5 ~ Av( tMIIIDIDH Hl<< H<<(w(O 01 POH 1<<av U v0 r> 5 REA For>a 12k REv lo.ft Pose 4 ol 4 pol ~I

SECTION L. PROFESSIONAL SERVICE PARENTS Name and Address T

c of Service Amount Paid 5.

7.

8.

Gentry, McNulty & Borowicc P. 0. Box 87 Bisbee, Arizona 85603 Spiegel 6 McDiarmid 2600 Virginia Avenue, N. W.

Washington, D. C.

20037 Denny Glascock 4 McKim P. 0. Box 1059

Gallup, Ncw Mexico 87301 Spalsbury and Duffy Safford, Arizona 85546 Engineers Testing Laboratories, Inc.
423 South Olscn Tucson, Arizona 85719 Don O. Snyder, Ph.
D.
P. 0. Box 14315 Albuquerque, Ncw Mexico 87111 Burns
& McDonnell Consultants Engineering P.
O. Box 173 Kansas City 41, Missouri 64141 Gates Engineering Company 1780 South Bellaire, Suite 300
Denver, Colorado 80222
))icks & Ragland Engineering Co,, Inc.
P. 0. Box 3008 Lubbock, Texas 79410 Legal Legal Legal Audit Engineering Geologist Engineering Engineering Engineering
$ 14,222.84 24,653.85 3,376.70 1,478.00 24,781.34 6,532.81 438,304.37 23,364.11 40,295.22 10.
Tippett & Gee Consulting Engineers
'02 North Willis Street Abilene, Texas 79603 Engineering 241,451.15 h
Name of Lessor I
. SECTION V. LONG TERM LEASES Rental this ear 1:
Arizona State Land Department Land
'125.00 2.
(',
3 ~
i I"
(.(
~
4.
6.
"Arizona State Land Department Arizona State Land Department I
Arizona State Land Dcpartmcnt Arizona State Land Department t,
Southern Pacific Transportation Land Land Land Land Land 125.00 9J227.58 9,247.58 125.00 50.00.
$ 18,900.16 10
Year. Hnding 12/31/74 A/C 134 -.SPHCM. DHPOSITS l.
United States Bureau of Reclamation
-2.
1'aul H. Jones 6 Company, Inc. Insurance 3.
City of Safford 4.
Amex'ican Airlines 5.
HcKesson Chemicals 60.00 3,602.00 10.00 425.00 500.00
$4,597.00
"Provide for each participant copies of the 1975 1st quarter, 2nd
quarter, (and 3rd quarter when available) income and retained earn-ings statements and balance sheet.
Provide the same statements for the most recent 12 monts'eriod.
Also provide copies of similar statements for the corresponding periods ended in the previous year."
RESPONSE
'fO ITEt1 7 March 31, 1975 Financial Report (See page 13)
June 30, 1975 Financial Report (See page 14)
December 31, 1974 Financial Report (See page 5)
Haxch 31, 1974 Financial Report (See page 15)
June 30, 1974 Financial Report (See page 16) 12
CORPORATE NAMC Ar(ixo<1 q~r~Ec'.Ct~
Pn~<;n
~o>
oonnov"cn 0'$><co<AT<Go<<gr 1 Fohn Form dppfoued vson
~ ncA OK/i oro. 40.40566 OPERATING REPORT FINANCIAL V 5 DCPAATMCHT OF AG<i<CULTU<<f,RCA, WASHINGTON, E> ~ C 20150 MCN'tt< ENDING Iy<hfgII 31 11 75 SL'CTIOH A. BALAtlCESHEET INSTRUCTIONS S>boot< odrinot ohd t'I'cc a<<pic< o/<hic repro< onrtudboc r>r opy o/each ubnlceotc goner bitt by <\\c 20th o/coch>>on<a
/oo <hc, >carding
<non<h, For dc<oiled fn<<r>c<ton>. ccc Reot /futtc<tn t03 2. (Ifon<htr <coon con<lair o/ Re.t Ronne llo, lib, l2c, 12d, p2r, l2/<<nd l24<oereohber repro< oleo tnetudcr Re>....,.>>
26 G )2.286. 24 2, cot<STAUct<oil woRK IN pnoche5$,...........
8 39) 930,44 5, TDTALUTILITYPl AHT (t 4 2/........~.....
~.....
35.092. 216.68
4. AccUN,PAov<$<DH Fo'4 Doenec<ATA>M 4 r<nsf<f.
>>. 37>>. 574.08 5, NCT VTILITYI LANT (3'p.......................
30. 7 17. 642. 60 0, NOH'VTIL<TYPAOPL'ATY NKT
~
~ ~. ~ ~ - - ~ ~
7, INVEST,IN*SSOC,OAC, PAT<lONACKCAPITA<
4>>.312.24 5, IHVCSTMCHTSINASSOC.OAG ~ OTHKA ~-- ~
~
9, oTHER INYESTMENzs..........,....,......,........
62. 992 ~ 70
<0. SPECIAL Fl<NOS 31,604. 14 11, TCTALCTHcnvnoPct<TYa lnvtsr.(d fhfo')0) 527.497.08 12, CASH CKHKI<ALF VHCS -...,....,....,.....,
69 ~ 939 03 1$. CASN CONSTAUCl'ION FUNDS Tt<VSTCC 341. 164.60
14. st ec<AL oeposits..............,.................
4 697.00 15, TKMPOAARYINVCSTMCNts,~>> ~ ~... ~.....,...
ld, NOTCS IIECCIVADLC NCT,>>.-.,-,.,
It ACCOUN'fs RKCCIVADLC~ NKT...,...,....,
1 OG9. 461. 93
19. f'UEL STOCK
~3 578.24S.16
<9, I<ATCRIALS 4 SUPPCICS OTHCfi -.
~
~
~. ~ ~
234 363. 73 20, PAKPAYMENTS 171 967.52 21, DTHKR cvnRKHT 4 AccRUKD A55ETS - -
~
~
188,933.45 22 TOTALCURACNT4 ACCR<tCD ASSKTS(tither 2(p,
. I
24. OTHER OKFCAACD OEDITS.>>>>>>>>>>>>.
~. ~. ~ ~.~...
3 ~ 046,G53.41 25, ToTAl.Assets 4 otnen DEO<rs(s.t(,32.23,24t
40. I69,533
~ OG LIADILITIKSAHD OTHER CREDITS 2$
MEMDC><SHIPS,
22. f ArnoHAGe cnoir*L O ASSIGNED *NO!>os<GHAGLCO>>>>>>>>>>>>>>>>>>, ~, ~
b. ACTIACD TN<$ YEAR..........,......,............
25.00 1 843.609.0).
Co RETIRED PA<OR YEARS...,...
d NKT P*TAGNAcc cAPITAl.
24, OPCAATING WARCINST PRIOR YCARo...
29, OPEAATING MARGINS CVRRKHT YEAR
$0, NONOPCAATING MARCINSo,.
5<, OTHCR MARGINS 4 EOUITICS>>>>>>
~
$2, TOTAL'MARCtNSaEQUITIES(2d > 2yd thol <t/P
$ $.'LONC TCAM DEUT ACA.....,........,.........,...
$ 4. LGNG TEAM DEUT othcR
~-.. ~.,....,-... ~,--
$$. TOTAL LONG TCRM DCDT (33+ J4),......
ss. Mores a Accouhts
< AYADt.c...................,.
St OTHEA CURACNT 4 ACCRUCD LIAQILIT<Cd Ss. TOTAL CUAf<KNT4 ACCAUKO LIAD.(Jd > Jy/
$9. ocfcnneo CAKEirs.........................,....,..
40 OPCAATING AC5KRVCS oo>>>>,
~
~
>> ~
~
41, CONTAIDUt<OHS I526.541 57 25,399 168.19 154.392.0 25 553 5 0.2 12,220,987.1
~12.924.
96.
133.17 1.03 31.60
.14 40,169,533.06
~For fhc (<rce>ober Jl <coo <, ony <norcfne fo bc of>tgnc<t chootd bc tact<<3rd tn t<cll> 274 SECTIOH B. STATEMEHT OF OPERATIOHS ITCH LAST YCAA YEAR ~ TO u DATE THIS YCAfi OUOCCT TH<5 MONTH 1 ~ clLCCTA<C CNV<<CY RKVCNVVS...,.........,
INCOME FROM LEASE<I PAOPERTY NCT
~- ~ ~-~.........
OTNEA OPEAATINC ACVENUC 4 INCOME,.,..
4. TOTALOPEA.AEVCNUKS*PATAOHAGCCAPITAI.(lthno Jp 5, OPKAATION EXPENSE PRODUCTION - ~--.,-..-. -.,
0. OPERATION EXPC<<se - OTHCA POWCA SUPPLY.........
7 OPEAATION KXPCNSK TAAHSM<SS<ot<
~. ~ -.. ~.,...,
0. OPCAAT<OH CXPKt<se DISTR<GUT<ON........,.....,....,
9, OPEI<ATION CXI'CNSK CONS<oMCA ACCTS.
1 824.624.74 1.729.11 1.826.353.85 631 992.29 842<972.61 9 579o51 3.306.689.82 1,750>299.30 62,343.44 30.
.1 9,363 li.16>>. 8S/<
2 499 380 426,637 3/>
0 3.297,110.31 4 155 491 II13>699.44
'2.448.6S 816.1!68.07 366> 170. 73 153.39
.0 12 095.72 10, OPERATIOM EXPCHSK SA<.CS. ~ ~ ~.-,. -... ~ ~-. ~ ~ ----.~
Ii. ol en*rioH cxpeNSK-Aon<Nisrhntivc a ccheHAE.
12. TOTAI. OPERATIC>< CXPFNSC (S <hrn tip 1$. MAIN'fCNANCCEXPCHSK PRODUCTION.....,.
14, MAIHTKN*NCCCXPCNSC TRANSMISSION....,...,...,
~.,
15, MA<ATE<<ANCE KXPZNSK DiSTAIDUTIOH~. ~ ~. ~>>o. ~- o. ~
1<L MA<t<TCNANCC CXPENSK CCRC<<A<; PLANT.......
17, TOTAL MAINTCt<ANCC C
'ENSE (lJ theo ldp
15. OKPACCIATION 4 AMOATIZATIONCXPENSC, ~ ~o>> -
~
~
12. TAXES -
~
. ~
~ ~ ~. ~ ~
~ -
~ ~
~
~
~
~
~.
~
~ ~
20. IHTCACST OH LONG,TfRM OCOT,.......,......,..
2061 INTCAEST CHAR<<ED To CONSTRUCTION CREDIT
--I
~ OTHKA DEDUCTIONS ~
22. TOTAL COST OF ELECTRIC SERVICE ()2 > (7<hn< 2(p ~
2l. OPEAATIHC MARGINS (4 22) 24, INTCAEST INCOME 25, ALLOWAHCC F CR F VND5 U5CO DUA<HC CONST
~- ~ ~
~
25 OTHER NOH OPCRAT<t<G INCOME t<CT
~, ~ ~ ~
~-
~ ~ ~-.
27, CENEAATION 4 TRANSMISSION CAPITALCAKO<ts
--'7.1 OTHER CAPITALCAKDITS AND PAT. DIVIDENDS 25 CX'tf<AOROIHAAYITEMS,.,
256 HCT PATAOHACC CA'VITALOR MARGINS (/J <hen 23)
ITEM 123.217.42
).612.400.5S 66.552.56 15 514.29 5.605.98
87. G 72.83 158 247.64 1S4,006.65 105,922.91 I
42.452.28) tiff>b
2. I 20 67(). 6 L 29/6.322.76 34.614.71 259 708.05 147.696.22 143.737 2.590.474.12 3.'I07.162 68 980.99 63 25/<
23.577.09 555.239.56 15.375.78 19,632.35 8.665.77 97.279.11 150.542.98 316 437.21 132.911.69 32.196 10,003 105.4.5'3 249,570 3E8 209 llt4. 856 3.768.08 2.109.95 21.253.81 50.657.92 105.118.18 49 216.96 h
4 I ~
3.338 458.75 3.996 975
(<8 ~
~
f 783.83 2.80 13.768.93 813.
4 167.879 6 740 32.335.27 E31.60
~7'3. 36 (10 350.23 174.119
32. 30<) 9(t MILI.S/towh (
p<iona u<c by boor<<>rcip I
178.030.69 I
177.548
) I 66.574.8i) 20, CC.CCT(BC EHEKOY I<KVCNUKPf'lt hwh SOLO ll, TOTAl. OPCHATION AND MA<HTENANCC PER EWA SOLD o.o..o ~.oo
~ ~
~
~ o ~ ~ ~
52. TOTAL Cost oy fLCctn<c senv<CC Ptiitwh soLO..........,.,.......,.....
1 HAnr POwyn Colt PFR lwh........
'l.7. 43*
14. 20 17 5/I 17 20.3 1S.74 19.58 15.30
10. 8!i 14.74 7
CERTIFICA'I(OH 5'r hereby cert(/7 thnt the en<fice (n fh(t frpoft, tn<tudinc REX Form llh (</onyt <<fr (n occofdoncr <u(th thf nero<
0/thc nyntrrf n d <hot t)ir fr(>oft rr/(ro fo thr etntu> o/thr >yntr<n to thr brit n/nur hno<u(rdttr ond fir/.
DATE
$<CNATVACd 'f<TLC OF Penson
. Afi Af<<N
<<KVOA't Ontf 5
><A TUAC OF GCNC> A MANAGER HEA F0<<M I2o fteV 10 14
Foin st?proved V5DA AKA Okk Ii'o 40 k0$45 OPERATIHG REPORT - FIMCIAL V, 3 DKPAitr>4ENT OF AQASCUL ~ Une, Rt:4, WASH>SSQtaaa, 0 C 20150 MorirH EHDHIG's>>P 30 I9.1 COHfiOPATK 1>A:Ie P.f.'zc In Elect'.Eic Pl>tee f'm e-..QKive
'Znc.
atybayl 'I IHS'tnlgrtQH5 Sabnu orfsjncl und itrrr topic/ of shia rci I t anclvd'ng oac copy of cue&
s Aotriclc poucr ball by ihc 24>sh of cue& atonslL loi ibc vrcedjns nvonth ~
FL r tfrfsfled lnspnckonr, ccc AEVI livllcilnIQJ'2 (Nonsbty rcport con>Inc o/ AEVI Fora ~ lfo, l?t, 12ci l2d, Ifca l2/and l2siocceraber iepors oho laclndrc RErt Fores t?A.J SECTIO>t A. BALAIICESHEKT ASSETS AHD OTHER DZDITS I V ILLlltlLI V L*IIII t
It ------
I
~ 0
. 0 2, coN5TRvcTIQN sroRlc IN PAGG>izss.........,
8aht>si.rtp
-I, 3, toTAL UTILITYPI.ANT (I 4 2J.......>>>>. ---,
I '
ts
'.L I> ~ JA1
4. AccuM t Rovis>QN foxonnn cfnrfou at>cfft.
-'. ll.>>'G6.55 s.
a 0 - I....................... ~l r"
. 4 'I0. nfl 5, HON UTILITYPAOPKATY HCT,.......,~
T. INYKsr.i>iAssoc.ona~f ATRDNAce GAfirAL 4>>r. 312, 24 0, N>VZ5TMKNTSINASSOC,GRG, OTtiER 388.588.00 0 OTHER INVKSTMEHTS.........,...,.....,.
2 992.70 10, KPEclAt. FJIJIos,,....:--.>>,.;------
4. 919 11, TDTALDTHEAPAGPcRTY &IN~.(d tbr&'IQ) 0, 81 J 12 CASH ~ GCHeftAL FUNDS,...>>.>>.>>,...>>>>>>>>>>>>
262. 802.65 13, CASH CONSTRUCTION fUNOS TRUSTEES l.'30. 0?8.1'3 4.984.00 15, TEMPORARY INVCSTMKNT5....
15, NOTES AECCIVAQI.C ~ tiCT,.....,..>>,....>>.>>i>>
ACCOUNTS Aec IVAQLK NCT -. ~. ~,--.... ~
998.895.22
15. FULL STOCK
~ -. -..
3.772,362.9>>
13, MA'tERIAL$& SVPPLICS OTHCR
~
~
43- ~ 894 04
20. PAEPAYMKNTS 135,124>
23
21. DTHER GUARKHT a ACCRUED A$$KT5 ~. --"
6/>
IQ>>/?
'?5
22. TOrALCunneNT a ACCnueO ASSerS(lf fhn 2(J 5. (>01. 131.4G 2$. UN>IOAT DCOTOISCs&EXTRAORD,PROP LOS>
r 12 88 07
24. or>izn ozfenneo oeuirs.........................
5 002 226.70
25. ToTALAsstrs&orNKRDEAITs/s.ll22.?J.?s) 42 512
?S8 1.1 LIADILITIFSAHD OTHER CREDITS 25
>IZMQEASHIPS 2?, PATAOHACE CAPITAL a
A$5>GNCO AND ASSIG>IADLC
b. I>ET>ncD Ttsis vcAR ~, ~ ~ ~
c RCTIRKD PRIG>t YEARS d Hcr PATIIGHAGKCAPITAL
25. OPCAATING MARG>NS PRIOR YEAR 23, OPKRATINC MAAQINS~ CVAAENT VEARa>>.
30 NO>iOPZRATING ItARGIN i> OTHKA MAAGINS 4 EQVITICS
32. TOTAI'MAAGIN54KOV>TIKS(2&> Jyd fhsw JIJ 1.843.609.C1
1. 84:3,609. 01 (306. 59
. 8(i 1 (4910418.32) 14 >5>>
1..060 165.12 33, LONG TCAM DEIST
ACA,
34. LONG TCR>t DEDT OTNEA...---...
is. TOTAI: LONC TEAM DEDT (JJ t 24J, 35,428t288.47
~--.
3.54>392.04)
~--.
35.582.680.56 34, NOTES & ACCOUNTS PAYASLK,.....,..
3?, OTHK>t CURRENT 4 ACCAVKO LIAD>LIT>td
35. TOTAL CUARC>IT4 ACCRUED LIAQ.(Jd a J?)..
33. OEFCARCD CAECITS,.... ~...,....,.,-,.-....
40 OPCAATINC RESERVES, 41, CONTA>UUTIONS IN AID OF CONSTNVCTIOH
42. ACCV>IULATCOOCFCNAED INCOME TAXES...
43. TOIAI LIAQILIT>ES4 OTHKR CRKDITS IJ? s JS t JB stsru 4?
5.0'36.182.63 594. 167. G2 5.630.350.25 204 143.1>>
34.919.14 42 512.258.21 VFor the (>cccrnbcr Jl report, any rnarssne fo bc ostisncd should be Inc(udcd ln ltcaa 2yc.
ITEM SECTIOII tbs STATKMEIITOF OPERATIONS TEAR To DATE r>IIS veAR DUDCKT THIS IIONTN
1. fLecrlvc Eiiencv ncveNues.......................,......,.
2. INCOME FRO>l LKAsep PROPEATY t>CT
~
~
~I. -.,
~
3, OTHKA OPKAATING AEVKHUK4 IHGOME,,..,
4. TOTALOPEA.f>EVCHUKS&PATRONACKCAPITAL(lthns2)
S. OPKRATIQN EXPKNSC PRODUCTION -. ~-..
0, OPKIIATIOHCXPCNSK OTH'Kit PO>SEH 5VPPI Y,
T OPZRAT>OH CXPEIISK TRAt>SMISSIOH>>.>>>>
s
~
0. OPCAATION CXPtttse OISTRIQUTIO>l,...>>,....>>>>>>.>>>>
9, OPE>tATION EXPEHSC CONSUMCA'AGCTS, t AST YEAR 4.361.817.52 4.364.968.63 1.7l5.605.25 1..511.703.34 35.722.58 5 671.215.91
'5.690.?80.60 2,681 519./2 1.534.37S.37 63.174.20 9.047.075 9 OG5.'354 5.723 489 746.189 66.353 860.788.39 3.3 9.17 864. 177..S6 322.?13.0>>
417.120.62
10. 157. />9
10. OPKAAT>OH CXPCNSf.
SALES
~-
~ -- >>>>s
~
~
l>> i
~
11 OPKAATION CXPCNSC ADMINISTRATIVE&CCtteftAL
12. TOTAL OPERATION CXPKHSK (5 ihns IIJ..
13 IIA'INTENANCCEXPENSE PAOQVCTION>>
~
~
I~ MAINTENA>(ccfxPKI>5c TAANsMI$$ IGH
~ i
~
1$, MAINTENANCECXPEHSK OISTAIQUTION...,.,-
15, MAINTEIIANCCCXPE>i. ".
CKNERAL PI.AH't ~
~ ~ <<,
It, TOTAL MA>Art>sANCK KXPCH5C (IJ Chas I6) i i ii. ~,
10. DKPi>KCIATIOH4 AMORTIZAttONEXPENSE --. s<<
1$ TAXES 20, INTKACST ON I.ONG tfAMOCDT i
~I,... --
~
.s 20.1 Hircnesr cNAAaeo ro cousrnucr>DN cneotr 21 ~ OTHER DEDUCTIONS 22, TOtAl CO5't OF CI.KCTAICSenv>CC (l2 t Irfir~ 2I) ~
23. OPERATING MARGINS (4 22),....>>,.>>,.>>....>>.. ~,>>. ~..,.,
24, INTCREST IHGOMK.
2S, ALLO'FA)ice F CR FVHD$ Vsto DURI>IQ CONST 25, OTHZA t>OH OPEIIATINC INCOME HKT - ~ ~ ~ ~---.
I 2?, Getitf>ATION & TAANSMI$5>ON CAPITAI CIICDITS"'"
2T.I OT>ien CAPITALCIICDIT5 AHD PAT, DIVIDENDS~ ~
"'5.
EXTAAOROINANYI'te>ss 2$, HET PATIIOHAQKCAFITALon >>A>ICINS (2J ihns 25J,
?63 821.38
3. 526.856.
>5 100. 314. 63 23.156.23 3/4. 514.68 158.0"5.54 3!G.(26.12 3
r04'6v 37 I
I10.886.54 3
>Q. est>G 10
>> ~ >>i1(J
>D9 44
/191. 500 8l
).91>>.l4 (313.4L>o.e 7',
SM.O(>6->>/0 (s. 58.138.G9 1SS 343.71
32. 9'76. 07 16.?09.93 20>>.S29.71 34S
'l l. 8 1,
78.f>9 301.2GG.45 219. >>0 1.
353.
6. 181L 698. ')2
>>9 l. >>18.
7. >>15. 1>>
4,924.83 ts>n Q
!>>/G.870V053
?86.98>>
6>. 82 3. 0 1 1 '3.2 2
76.349 l >.9SQ 245. 511 Is O
/n G3')
706 3>>7,060
%81
8. 626. l'?7
>>39.l97 la'.>>80
>>51.6 I /
>>5
. r <8. ei8 79/>>
249 73 IJR 2
3. 5 '.".. 52 298.81 49 S>>61
65. 051. 50 87a696.39 9
5GQ 58 t
)
15. 01G. 93 1.070.'81. 72
! 06.30>>.163 0- n
(; riG, js?>>'.;(>>
1 Irtrt wA I pijono usc y
ono MILL$/A unr) 20, ELECTRIC tHCIIGYAcvzHUK pen hwA soLo..
31, 'TOTAI. OPERATION AHO MAINTCHANCtPCA AWA SOI.O,....>>.....>>,...,....>>...,.,
32, TOTAL COST OF CLECTAIC SKRvlct PER A'sh SOLD W
R Sr ptn Avb.....,....,
15. 24 12.86
16. 61 19.88 15..aQ 18.92 1?
83
12. S9 1>. 96 13 CERT IF ICJsrl OII E'r hereby cert(fy thol fhe entr(ts (n lh(s trpott, 4c(vd(<<kErt Fores I?A (I/ally)arr In accordoncr so(th thc acri unt af tht sytfrre nnd.that lhr rrpurl rrf(rs'ls lhr ~ tutus of fhc nysfrrs to thr brat nf nur knoso(rdgr j(17 br((rf.
/
(~,.J, nnd oihrr re ords DA L'IG>>ATVfi h't>TLK OF PKRIOH PAK AI>>O AKVOAT OATK
/
4 SICNATVAKOF GKNCRA s>AN ntA Fonu 32 ~
ncv
>0 14 14
Fotrn rtprrovcd USDA RCA 0!IIII/o. 40 tt0$66 ORERATING REPORT - FNAHC(AL Toi V. S. DCPARTMEHT OF AGAICUI.Tune. neA, WASHINGTON, 0, C 20 10 IIOIDROWCA OCS'ICNATION AnioOata 28 IaONrte ENDING IAARCH 31 IO '"
11151RQC'(loHS
~ Sabaiit original and there cerplct 0/thlc repeal Inrladtng one co I of ca 4 ahotrcatc parrcr bill by tsr 20th of ai'h cionth/Dr lhe p'ccedjng rarnIb.
For dna!lcd lniiractranr, acr /lect IIDI(ct(n 106 2. (I'onthty rcport concictc o/REA Fonnc I)a. 12b.
12c'e /Id. I2ce le/ar'6 121.)
SECTION A. BALANCE SHrFT ASSETS AHD OTIIER DEDI
1. TorAI. UTILIYY PLAitT IH senyiCe......,...
2, coNSYAvcrioH woRK IH pHDGAess....,...,...
s. TOYAI UTILtryPLANT (I 4 2).....~............
4. ACCVM,PROVISION fOtyoveneCIATION 4 ltgtrtt, TS 21,318.02o.
58 7.35'/.9?0.98 FD.'~el I 38 4 923,027.4o LIABILITIESAND OTHER CREDITS
26. MCMGEIISHIPS 25.00 17, PATRONAGE CAPITAL
~
I;I'83,809.01
s. >>Cr UYILiryPLANr (J-o)..................
~. ~..
8, NON UTlt.lry PRQPEATY NET.....~
. ~
T. INVCST.ItiASSOC.OAG, PATAOHAGCCAPITAL 8, INVCSTMKNTSItiASSOC,ORG, OTHER. ~ ~ ~
~ ~
9. omen HlvfsrMKNTs.................................
10. SPECIAL trttHDS,.~... ~ ~ ~.. ~ ~ ~.. ~ ~ ~ ~~... ~ ~ ~ ~ ~ ~., ~ ~
I I, YOTALOTHER PROPERTY 4 IHVDTF,(6 thra'10J
12. CASH GEHCAALfUHDS
~ ~ ~----.
~ ~ ~---. ~ ~. ~
13, CASH CONSTRUCTION FUNDS TAUSTEC
14. SPCCIAL DEPOSITS
~.,
ls, TEMPORARY INVESTMENTS...,.......,
16. ttores AKCFIVAOLE HET. ~--.... ~.~....,...,...
IT ACCouttTS AKCCIVADI.C ttCT
...~ ~ ~. ~.. ~,
18, I'UKLSTOCK
19. MATCIIIALSd SVPPLICS OTIIKA
~ ~--. - e-.
20, PREPAYtiENTS 21 OTHKACURRENT 4 ACCRVCO ASSETS
~
~ ~
~
~
22, YOTAI CUftRCNT d ACCRVCO A%SETS(12thia2)J 2'3.VNIIrOrlt.OCDTDt eC' CXYRAOR'D PROP, LOSS'4, OTHKA UCFKHRCO OKDITS.............
23. 'FOTAI. ASSETS 4 OY Hen CeviTSIS,11.22,23.241 23, 752,919.88 I
30 3082.
1 633 121.22 14 972.78 1 956, 81 I.57 93,208.37 071 80 2
4 654 4i40.27 859 889.98 181 I301.64 119 028,20 58> 2o4.70 3 042,577.38
?45, 285.4 f l85. 170. 11 29 182,770.4>
C. RL'TIRCD PRIOR YCAAS...........................,
29. OPCAATING MAAGltis CURRENT YCAAD.......,
(335 775 04 30, NONOPKtiA'TING MARCelnse.........,...,....,
485.471.05 31, OTHER MAtioeIHS 4 CouhrtKS
~. ~ ~. ~
~ ~ ~ ~ ~--
~ ~ ~
~
32. Torhe IIAncit<s4 eouiries(26 i 27d~ 61) 190797 1
1 2
33, Lone TERM oenT REA...,,...,..... 21, /487685.f34 89 282.00 7*
~
rer er-'--...>>
I 8
7 7
a SS, IIOTKS 4 ACCOUNTS PAYAGLK,......,...
I~3~1/h 9?
38 TOTAL CURRENT 4ACCAUCD LIAO (36 4 37)-.-
8 250 (12. 1 7
39. oeFCAReo cneotrs...................................
40 OPERATING ACSKAVCS
~
~
~
14,972.78 41, CONYRIDUTIONS IN Alo OF CoteSTIIVCTION
42. ACCvilULATCDOef CARGO PICOME TAXFS TOTAL LIADILIYICSANO OYHKIICAKDiTS (324 JS 4 38 th 842)"""""'""""""""'""""'97 1821770 41 eFor the
Dearrnbcr31.rcpoa,
any rnrvglnc to be oectgncd choald be lnetadcd ln Rcrn 27a.
-SECTION B. STATEIhtttT OF OPERATIONS IYKMS
1. CLFCTAIC L'tteAGY AEVCNUCS....'-,. ~..- ~ ~ ~... -...-.
2. INCotle FAoil LCASCD PROPEIITY NET...,... --,.<<
S. OTHCA OPCttATING ACVEHVK4 ltiCOMC... ~.
4. TOTAI.OPCA,RKYKHVCS4 PATAOHAGKCAPtTAL(1thn3J
s. ot EAATtoH expense-I nooucrtott.......................
6 OPERATION KXPCNSC ~ O'YIICR Pollen SUPPLY,-. ~-
7, OPKltATIOIICXPENSE TAANSMISSIotl......................
8; OPKIIATIDNCXPENSC D)STRIDVTION 9, OPERATION EXPENSE ~ CONSUMER ACCTS..
10, OPERATION CXPCHSE SAI CS,.-, ~ ~.., -. I-
~... ~ ~,
'll OPERATION EXPENSE ADMINISTRATIVE4GCNCRAL 12 TOTALOPCAATIOtt EXPENSE (6 thea 11) ts. MAtNTCHANCCEXPENSE PAOOVCTIOtl lg, MAINTENANCEKXPCNSE TAANSMISSION ---~ ~ ~ ~ ~ ~-
~
18. MAINTCNAtiCCEXPetiSK OISTRIUVTION ~.i.-
ts. MAINTENANCEEXPENSE GCHCRAL PLAtiT.--. - ~ ~.
tg TOTALMAIHTCNANCK EXPENSE (13 lhea 16J
~- - ~--
10, DEPRECIATION d AMOATIXAYIONEXPENSE.,...,.,
19. TAXES ~
20, HITCAEST ott I.OHC TEAM OEOT,.................,.....
21. OTHCA DCOUCTIOHS.
LAST YEAR 958 293.87 7 080.87 1 985.374-74 185 805.37 109.56 7 " 00
89. 258
~ 78 1"309 5?0.57 3? BO7.19 17 378.20
\\,58 l~ ~0 gh4 7
1 r
YOAR TO
'ttlKE
. THIS YGAA
'1.824 824. 74 ee 1
729 1
82": 35 GR1
?
4,gh7; 1
4 1F.?
123 23 7,4?
1.'612~400, 55 15 514.29 7
?
.R 4,A4 164 a ~ear 4i4.878.31 VVDGCT THis MONYII 882 810.50 7
1 0
7 R58 17 5
ea la 1
RO 17 978,91 TorAL cosy oy KLecrntc scnvice (124 )7thaa 211 23, OPERATING MAAGIHS(J'2J.....,..~...,.,.......
24. IHTCAEST iticoiME 2S. ALLotrANCC FORI FUNDS VSEO OuniHG CONST........
26. Omen Hoii oPCRATitio i~coMe-Ner.....................
27, GCHF AATION ii TAAtisMISSIOHCAPITALCRCDITS
~. ~
'754 888.03 210 488.71 15 380.40 2. 163 128 89 f338. 775.04'1 34,614 71, 42 452.28 73 17 7
(-Rl 13." 85 15 tn.~
28, EXTRAORDINARYITEMS.
29. NKT PATAONAGC CAPITALOn MARGINS (23ihra 28) irens 2253869.11 (259, 708.05)
Ntl LS/hwh (I)eat/anat aie by bona (407139.27) area)
$ 0, KLKCTAtcENERGY RKVCHU'C PCA hWh SOLO ~- ~ ~ ~ ~- ~-.e. -.I~ ~ ~ ee ~ ~ eee. ~ ~ ~ ~ ~ ~ ~ ~. ~
Sle 'For hi OPCIIATION A'NO MAINTKHAHCKPCA CHh SOLO
~
ee
~ ~
~ I
~
~
~ ~ ee ee 22, TOTAL COST OF KI.CCYAICSCRVICC PCR b3th SOLO..........,I..e...,..........
I'!
9,04 10 71 8 78 7 57 9 Bo Me heicby cerrbiy Chnt the elatrxes 'n this zepc=e agtt n aL /'.tn)-
wicks/rhe ac:ovnts Dn other records ol t.he
..Ystem nnd that. the repot!t reilects'tsc
< cf. tf;c s.'.em o tt'.e. best cf our t! r
~
o
~
vwledge2 aitd belief.
~~/~~~j~~ADare~o)r
~P ra. ~~z/70ar.a~a~
Bookkeeper
~
0 nefal afanage 15
I For>> Approved VSOA RE ~
OUR (fn. (G.ft6$66 ovmATwG nWOn-FiWHC!AL Tos U 5. DCPARTMC<IT Op ACRICULTVML.Rt:A. W*SHIMCro!i. D. C. 20210 anas<<nv 90" eo 0411CHAe ION ft ia a ZO<IA 28 SIVNTh Fr<DIHG
!1'ei
<C 19 74 tHSTAVCTIOH5 Svbenfc oifsinef ord chirr copies o/ <Aas irenic fnet!adi ae onc copy o/ cash <Ahnfrsatc p<<!Urer bcff by chc 20<A o( cash innn<A )or chr prcerdins saon<A.
For <<fecaffcd fnscrvccfons. sec Rfet 11 effrrfn fdd 2.
(ffonchfy rcpcis con sfsci o(RA'A< Foims fya, 1)b, ftr. )2J. fyr. 12/ ond 12S)
SEC'(10H Ao SALAtlCE 5HLET ASSETS Atto OTIIER DEGITS 1'1 la<<ala 1
1 1 1<<
9! 303.<<90.5!
e.
o 1
o e
9. 9 ! 9., Uo !.
a
3. TOTAL VTILITYPLANT fl 9 21<<<<<<<<<<<<<<<<<<<<91 I <1t,GA n, AccUM.PttovtstcN FGAR3GGRCGIATI'oN 6 Aata<y rs O~Fj 5321 78 9, NcT UTILITYPLANT (3 a)...,.,..,
26
! 09 669.90 d, NOH UTI(.ITY PROPERTY
~ NKT.~.. ~-.. ~ ~ ~a<<
'y. IMVCST.INASSOC.OAG. PATAONAGCCAPITAL 641 57 9, M<VESTMENTSIH ASSOC,OAG OTittR. ~ ~
~. ~<<308. 002.00 9, DTHKR INvcsTMENTs<<1 3o5. 038 64
10. SPECIAL FtIMDS
~
~
~
15
<1'?7 29 I I, TOTALOTHCR PAOPPATY DIN<<CDT (6 chr>>'20)
<<300
)33<1.44 5 740.14
13. CASAH CONSTRUCTION FUNDS TRUSTEE~
rs)'!
<<37.45 19, TEI<POAARY INVCSTMEIITS,. ~ ~......~ ~
td NOTES AKCCIVAGLC NKT e.
~
~. ~ - ~ ~ ~
o 1
1.*a le 0
a...................~ten aaaa
'ID. FVKI STOCK 1
1'7 19 HATERIAt,S d SUPPLIES OTHER....,.. ~..- --
I
('7
20. PRKPAYMENTS
21. OTHEtt CURRENT 0 ACCItUKDASSETS'
~- -
~
14(1 104
22. TQTAI c<IRRKNT d Accttvto AkscTs((2<hie<<2))
23.VMAstsrty.OKDTOi,Cf DKXTAAOADPROP, LOSS 238. 705 99 dd. oTHCR UEFKI<ACD DEGITS.........................
270, 132.! 2 cs. ToTALAssKTsd OTHER DCGITs(3.1(.32.23.2c) 31 994 e 4 12 60 LIASILITIESAHD OTHER CRS'CITS td. MEMCKAt<<IfS.
27. PATI<OHAGC CAPITAt.
a. ASSIGNED At<0 ASSIGNAGLCa...,...<<..<<...,.<<.,
b RETIRED THIS YCAA ~ ~ ~ ~ ~
. ~ ~ ~ ~<<o.
~- ~ ~
25."0
!, 84 3.
609.0'.
RETIRED PAIOR YCARS,...<<<<,....<<..
~... ~.,
d NCT PATRONAGE CAPITAL- ~ ~ ~ ~. ~ ~ ~ ~ ~ ~.:,-:.
. OPCRATS<<>>S 9<AntGINS PRIOR TEARA...,... <<
29. OPERATING MARGINS CURRENT YCAA'...,..<<
30. HONOVEAA'TINGMARCIHSU <<.1<<,,
31, OT<ICA MAAGINS d CQUITIES.....~.. ~ ~, ~ ~. ~, ~
32. TOTAl'ARGINS'QVITICS(269,21d Phccc 31)
33. I OHG TCRM DEUT 'KA
~
~
~ <<<<<<o.
~
31, LONG'TERM DCDT OTIidR,.,~...;,,,
$$. 'TOTAL LONG TERM DCG't (33 9 3d) <<<<.....
~.,.
3d. NOTES d ACCOUNTS PAYAD'LK.......,......,
$7, OTHER CURRCMT 0 ACC tUKD LIARILITIKS....
39. TOTAI. CVRRZNT d ACCRUED LIAG.(36 V 371 ee'9 DEFKARCD CREDITS -- ~ ~ ~ ~. - <<<<<<.e<< - 1
<<1<<
<0 OPERATIHG AESEIIVKS oe
~
oa nt, CONTRIGUTIOHS IN AID OF COHITAVCTION n2." ACCVM VLATED DEFERRED INCOME iAXES
~ 3 TOTAl. LIABILITIESAMD DTNKACRKDITS (32 9 3S 9 33 chen 421,.<<......<<<<.<<..<<<<<<..<<,.<<...,
1.843,60!9 01 t 094.102 dt
! 3<02, 30 71 35 5?6,20>
./:.
1 a 225. 269<.20
22. 093. 4" 2 019.252 00 22.982~7<>>
7 47M O?0
)92.441.8'
??n.r12 02 15
<97~ 2 s C<<4 4 i), utj eb'or the Deebcaber3f rcport,any ovvsfns co bc ossfpned shonfd be fncfvtfcd.
fn free< 27a.
SECT(otf (5. STATfhtftfTOF OPCRATIOMS ITEMS'AST YCAII YEAR ~ TD '&Ti-.
~ T<cls YEAR GVDCKT THIS HONTH I, ELECTRIC CNEAGY AEVCHIIKS-......,.....,...,...,....,.<<.,
<<21 1NCOHK FROM LEASED PROPERTY HET ~
~ oo a<<oo, 3, OTHKA OPCRATIHC AFVEHUK fi INCOME ~
i~-
eo eoo eoi
d. TOTALOPKA.REVENUES d PATAONACKCAPITAL(19tH<3) 9 OPERATION EXPENSE PAODUCTION ~
~
~
~ ~ ~
0. OPERATION EXPENSE OTNEA POWER SUPPLY
~ e ~
~
7, OPERATION CXPEHSE TRANSMISSION,',....<<...,.<<<<....,
0 OPERATION EXPI'NSK OISTRIGUTIOM ~
~ ~
~
9 OPERATIOsf EXPEHSE CONSVMCA ACCTS
~
~
~.. ~
10 OPKRATIOH EXPENSE SALES o
~
~
a
~
11, OPEAATIOH EXPCHSC AOMINISTA*TIVCDGENKRAL
12. TOTALOPERATIOM FXPCNSK IS CArn ff)<<...<<...<<...<<..
13, ICAVITKMANCCCXPKtISE PRODUCTION........,....,
11. MAINTEMAt<CEKXPKNSK TRANSMISSION ~- -
.1 - ~ ~
10. MAIMTENANCCEXPENSE OISTAIGUTION ~ --...-...-
10. HAIHTCMAHCCCXPENSK CENEAAL PLANT,...,
17. TOTAI. MAINTCNANCK CXPKHSC (13 Chr<a 16) <<<<.<<i.<<e.
10 OCPRKCIATIOM d AMORTIZATIONCXPK ISC o
~
~
'19 TANKS ~
20, INTCIIKSTOM LONC TERS< DEGT oe<<o 1
1
~ ~
<<.Ao
~
21 OTHER DEDUCTIONS o<<
~
~ <<1
~
~
~
~
<<o
~ ea
<<~
10. 600,07 3<644
~ 79."s. 34 3
<51, I'I
!,96!.244.94
'. 715.605 25
!43.901.72:I 51; 703',34 55 385.1S
35. 722.50 1A A
19 4(t 7Q4.
7
62. 741.3:
32.366.89 Ct oct RR Rr
!CO 354.63 23,156.23 lD.097.86 '4 5'4 68 113.206.06 793 3'5 123165 1 0 i59 Oi
'I 306 26 57 IA OT<<
'1 3,634.105.?7 4,Ã>1.81 i 52
,.)I ".'.w.
i a<ron oa
<<e I.092. I SO.57
< '=
5sd
~ ~
'7
?cd
. '76
~
)9 roe lo "7Q.
RAX. "14
9. 40.s
~
'2,962.
33 SS
.A
~ 1. 7'1 7CC ai ~Q.I' IR" Ce
%4 C
'Ca'7'2 TOTAL COST Of KLKCTAtcSERVICE 1'12917th<
21!
2'3. OPERATINC HAIIGINS(d'21,...,............,
2~. INTEREST It<CONC 29, ALL<IWANCC FOR<< FUNDS USED DURING CONST ~
~,.
2d. OTHKA HOM OPCAATING IMCOHK NCT,...,....<<...,.....,
27, CKNCIIATIONd TAANSMISSIOtl CAI'ITALCREDITS
20. KXTAAO'ROINARYITKMS
29. NKT PATROMACC CAPITAl. OA MARCIMS (23<he<a 231 406.o28.o4 39,959 72 1302.987.35
'7,9<<<to t4 110.88o.ra4 446,598.36
(!!3,596.67 3,238,164.70 4 667.355.98 g.so. 815 U29 1.32 2" i
'll'0 293 crp 23, 742.53 166."-07 90 9<TCMS
$ 0, CLKCTtttC EHCAGT AEVCNUK PEA AWA SOI.D St ~ TOTAL OPEAATION ANO MAINTENANCE PCA AWA SOLD,.<<<<<<<<<<..<<<<
32, 'TOTAL COST OF CLCCTAIC SERVICE PCM kWA SOLD e<<o ~ ~<<
CR HA 4 SoowdR OST PCA kWA, Mtt.t.s/Awh (Op<tonal nse by doiloMee) 10.06
0. r>0
<0. ?o i.'.)U 10
<<32 ve hereby cert,kiy thdc tl = entxkef tn Thks repc":.'rf'ri der; rdntt-.c
".th the Uctcutttz end oth<t recordc of the systetd Rod thet the zepott reflects '. -:;KRFU. Of t!t;yGter<< t'o the best. o! cur s
~
K o
r owiedge ftnd !>elicf, 9 ea Z-2 6 -7/
c'(<>a!Aplgt/Urn SKD<< eepe k,enera, 41-.384
"Provide for each participant the most recent Officer's Certificate ox Net Earnings Cerfificate prepared in connection with the issuance of mortgage bonds or debentures and showing interest coverage and debt ratio calculations using the most xestrictive test set forth in the applicable indenture.
Provide copies of the indenture.
Provide cal-culations of net earnings and interest coverage for the most recent twelve months'eriod using the definitions of net earnings and annual interest requirements (on debt presently outstanding) using the most restrictive test set forth in the mortgage bond indenture.
Assuming a range of interest costs conyidered realistic by the utility, state the additional amount of first mortgage bonds which could be issued under the most restrictive test based on net earnings as defined by the indenture for the most recent twelve months'eriod.
If the corporate chaxter contains a preferred stock coverage requirement, provide copies of that protion of the char'ter.
Assuming a range of divid-end yields considered realistic by the utility, state the additional amount of preferred stock that could be issued by applying the most xestxictive test for preferred dividend coverage fox the most recent twelve mont1>s'eriod."
RESPONSE
TO ITLH 8 N/A (AEPCO is a non-profit cooperative and has no financing t4>rough bonds or debentures.)
"Provide for each participant a detailed explanation of all restrictions ox constraints on the issuance of short and long-term debt, preferred stock, preference stock and common stock.
Short-term debt should include bank lines of credit and commercial paper, if any."
RESPONSE
TO ITEM 9 AEPCO is an RHA financed cooperative.
Long-term loans axe funded by RHA or through REA's guaranteed loan progxam.
Short-term financing is currently from the National Rural Utilities Cooperative Finance Corporation, Vashington.
D.C.
REA must approve all short-term financing and use of General Funds.
ITE>t 10 "Describe the nature and amount of each participant's most recent rate relief action(s) and its anticipated effect on earnings and on funds available for construction.
Provide copies of the rate order and opinion.
In addition, indicate the nature and amount of any pending rate relief action(s).
Use the attached form to provide this information."
RESPONSE
TO ITEMS 10 AEPCO is a member owned cooperative, therefore a rate increase has no effect on earnings as such, but rather preserves AEPCO's ability to service its debt.
A power supply cooperative is.essentially 100% debt financed.
"Attachement for Item No. 10" is on page 20.
Pinancial testimony in the xate relief application of June 12, 1975 is on pages 21 through 51.
The Arizona Corporation Commission Opinion and Order granting rate relief of August 26, 1975 is on pages 52 and 53.
19
ATTACHMENT FOR ITEM NO.
10 RATE DEVEI OPMENTS>>>>
ELECTRIC GRANTED>>
ANNUAL AMOUNT - TEST YEAR BASIS (000'S)
PERCENT INCREASE EF'FECT IVE DATE RATF.'f RFTURN ON RATE BASE AUTHOR I ZCD RATC OF RETURN ON COMMON EQUITY AUTHOR IZED
$ 856
13. g~
9-1-75 6.1 N/A RcvcNUc EFFECT 000'S)
AMOUNT RECEIVED IN YEAR GRANTED AMOUNT RECEIVED IN SUOSF;QUENT YEAR N/A N/A PCNDING REQUESTS NONE AMOUNT (000'S)
PcRCENT INCREAsc DATF. FILED DATE BY h!H I CH DEC I S ION MUST BE I SSUCD RATC OF RETURN ON RATE BASE REQUESTED RATE Of RCTURN ON COMMON CQU ITY RCQUESTCD
"'PROV I DE COP I CS OF LATEST RATE ORDER
~
"""PROV IDE COP IES OF THE SUBMITTED F INANCIAL TEST IMONY OF'HE STAFF AND COMPANY IN THE LAST RATE RELIEF'CT ION OR PEND lliG RATE RCLICF'EQUEST.
Arizona Electric Power Cooperative,
'fnc.
Benson, Arizona Proposed Rate fncrease June 12, 1975 21
gh'ri.zona Electric Power Cooperative, Xnc., an Arizona Non-Profit Rural Electric Cooperative with its headquarters in F>enson, Arizona proposes" to raise its rates effective as soon as possible.
The proposed rate is as follows:
Demand Charge g3.~>7 per KM/month, plus Enar>~Charge 9,0127 per nfl used during billing p.riod.
Such adjustments shall be made from a base price of one do13.ar and seventy-five cents (91.75) per mill.9.on BTU cost of iuel consumed in the AEPCO generating stations, plus additiona3. fuel ad"'ustments from otnex systems supp3.ying power to AHPCO.
Toe total amount calculated and received as fuel adjustment on sales to non-members shall be deducted from the total fuel adjustment costs.
The resultant.net adjustment to AHPCO shall be d:Lvidcd by the total KHH delivered to the members.
Tne resulting factor shall be applied/as a charge or credit to the total KUff delivered to the
,I members as fue3. adjustment.
The fuel,adjustment shall be invoiced monthly by methods deter-mined to meet state regulatory and member requirements to the end that fuel adjustments are app3.ied equally to all users and i~ithout margin to AHPCO.
22
DEP'1NXTXONS OP ABBREV'L>VL:fONS AEPCO Arizona Electric Power Cooperative, Xnc.
DVEC Duncan Valley Electric Cooperative, member of AEPCO GCEC Graham County Electric Cooperative, membe-oZ AEPCO
'YiEC 14ohave Electric Coop'ative, member of AHPCO SSVEC Sulphux Springs Valley Electric Corpoxation, member of AI'.PCO
'XEC Trico Electric Cooperative, membex of AEPCO CPC (NRUCPC)'ational Ruxal Utilities Cooperative Pinance Corporation, USBR United States Bureau o
Reclamation
ARXZONA ELECTRIC Pot~HR COOPERATXVH, XNC.
SUPPORTING DOCPitENTATXON XN ACCORD NXTH GENERAL ORDER U-53 INDEX OP SCHEDULES Schedule No.'it:le A.
Sua<~nax Sahec!ules A-l Computation of Xncrease in Gross Revenue Pequixcment:s A-2 Sutnmary Results of Operations A-3 Summary of Capital Structure A-Ii Construct'on Expenditures anti Gross UtilityPlant in Service B,
Rate Base ScheduXes B-l Sunnnary of O..iginal Cost 3-2 Original Cost Rat:e Base Profoxma Adjustments B-5 Computation of 8'orlcing Capital C.
Test Year Xncome Stat:ements C-l Adjusted Test Year Income Statement C-2 Income Statement Proforma Adjustments C-3 Computat:ion of Gross Revenue Conversion Pact:or E.
Hinancial Staterents and Statistical Schedule.
H-l Comparative Balance Sheets H-2 Comparative Xncome Statements H-4 Statement of Changes in Patronage Capital H-5 Detail of UtilityPlant H-1 Operating Statistics H-G Taxes Charged to Operations H-9 Notes to Pinanciai Statenents s
H.
Effect ox Proposed Tariff Schedules l[-3.
Summary of Revenues by Cu. Lomer Classification Pxesent and Proposed Rates e
h xe;!uest for ttaivex of the omitted Schedules is on file vith the Ax: zona Corporation Commission since the Scheduies do not: appear to be opplicablc t;o AHPCO.
24
f
APwXZONA ELECTR'XC PO"'JER COOPERATXVE ~
XNC, Pi<OPOSED RATE LNClKA.HE
, SUPPOaTZma DOCmawx~uTZOH XN ACCOaa MXTII GE~%:BAR ORDER U-53 June 12, 3.975 A.
SPi FRIARY SCIIEDULES
Arizona Hlectr'c PoMez Cooperative,
Xnc, i
Pxoposed Rate Xncrease
.une 12, 3.975 8c'nedule A--1 Titl.:
Computation of 'Xncrease in Geo..s Revenue Requirements Orif'inal Cost".
Ad Iusted Rate Base Ad;us ted Op..x a ting Income
$3!i,287,793.59 (a)
(112,363.0:)j{b) 3.
Current Rate ox Return Negative Required Ope=ating Xncome
$ 1,~~82,696.72 Required Rate of Return Operating Xncome Del;i.ciency
(~i. 2,)
>:~~. 32 /
9:L,595,059.77 Gross Revenue Conversion L'actor 1.00197 (c) 8.
.lncxease in Gross Revenu Requixements (6. x 7.)
9 1,.")98,202.04 Cus t(Kiler
'Classification Projected Revenue increase 3)ue to Rates
/ Dollar Xncxcase H1 ole" a~ e 91,598,202.04 (d) 13,3
.Total 91,598,20?.04 13,3 /
>Re<<u)red Operating Xncome I.es 3let Xnterest 1'.xpense i~
~856,84~>.68, o-,
a Ra;e:.f Retua-,n of 2,'0%
()
C-3 (d)
P."1 26
Axirona Electric Podex Cooperative, Xnc.
Re:
Pxoposed Rata Xncxeasa "me 12, 19/5 Schedule A-2 Titl :
Summaxy Results of Opexat.'ions Tuse Yesc Lcdlu~Azil 30 1975 1.
Gross Revenues Revenue Deductions Operating
Expanse, 3.
Operating Xncome 4.
Othax Xncome and
'Deductions 5 ~
Xntaxest.Expense 6.
Bet Xncoma Actual
$12>263>464.02 11 300 103.28 963,360.74 106> 363. 04,.
6?~5 617.84 444>105.94
~Ad uscec>
$12, 050, 140. 31 12u162 503.36 (112,363.05) 106>363.04 6?5~617.84 (631, 61/. 85)
December
~31 1974 Pxio" Years Ending
'ecember 31 1973 l.
Gross Revenues
$10', /18, 160. 17
$ 7,955,145.61 2.
Revenue Deductions Operating Expanses 3.
Oper ting income Othex Xnc'-me and Deductlorr'.
1ntexcst Expense 6.
Net 1ncorre
~10 123 721.67 594,438.50 146>162,83 54~3 524.00 197,07/
~ 33 6 888 >>59.98
$1,066,685.63 117,868.77 392 912.>>2 791> 641. 98 S;rv~por tinp~Scirr;dules:
(a)
E-2 (b) 0-1 27
A'rizona 7.'lect ric K'ower Cooperat:ive, Xnc.
Re:
Proposed iRaLe increase Unc 129 l.915 I i I
Schedule A-3 Page 1 of 2 Ti.t:le:
Svnunary of. Cap:it:a1 SLzucLuze I)es cz~it: io1x Test Year at:
Prior Year at.
12/31/7l!
Prior Year at
=- 12/31/73 l..
Short: T rm Debt:
2.
'f.one Term Deb;:
Tot:al BebL Pat:zonage Cap'.Lal Tot Q1 CapiLal Ca7)it:alir.at ion Rat:io (a}
l.9750 000 00 (b) 36~055.916.28 37,785,916.28 lpl!7, 907. 68 39,233,823.96 8,275,000 00 25 070.701.87 2
75,000.00 20.i<65. 280 3l 1.535.933.20 1,316,670.15 3l!,881,635.07 23.,856,950.l6 33,3l!5,701.87 '0.5l!0,280-31 6.
Short: Term DebL' Lone Term Debt Tot:al DebL 7?atzonage'apital.
Total 10.
Heijli1.ed Cost: of Sbozt Tenn Debt:
11..
tfeig!'.t:ed Cost: of Xone 'I',e-..m Debt:
12.
weighted Coat: of Senior Capit:al lq.l!6 %
91.'85 96.31 3.69 100.00
%'.30 2.0l!
% 23.72 71.87 95.59 li,l!1 %
100.00 7.73 2.00
% 0.3~+ /
93.63 93.97 6.03 '/
100.00 / 2.00 e
8~!
7) 7)ol: ~::.~ A~~
S,".'Ne(to."a es:
7 -'1
Arizona l'.lectric Power Cooperati've, Inc.
Re:
I'ropo"-'ed Rate 'increase June 12, 1975 Schedule A-3 Page 2 oi 2 7;;i.tie."
Su(unary of Capital SLructure Test Year a,L
~<>~30 75 Prior, Year. at Prior Yea1 a c 12 /3 1/7.!
(a) 'reconciliation of Notes
& !vcco<>uts~l'a able (c)
AccounLs Payable Gas
'i@a",bine
/F3 't,oan f~otes Payable To'l 1,/~71, 922. 15 6,882,356.00 1 750 000.00 10, 10/I, 278. 15 1,859,661.87 6,525,000.00 1 750.000'.00 10,13('.,661.87 562, 215. 0~+ 75 OGO.OQ 637,21.5.06 (o) taooaei1:.iatioa oT Total 1ooi To,".)a Dabt, (o) 29,153,560.28 25,070,701.87 20,/!65, 280-31 Cas Turbine 7i'3'3'.oan 6
6 882~356.00 36,035,916.28 25,070,701.87 20, l>6.'i, 280. 31 (c) Pcr t1 e p arpose of making a pzoforma adjustment of the (las Turbine
~r'3 Loan from "hort-term to long-term to more accurately shoe the nature of the indebtedncs..
29
Arizona Elect:ric Power Coopexat:ive, Xnc.
'He:
Proposed Rat:e Xncrease e
3unc 12, 1975 Tit:le:
Construct:ion Expenditures and Gross Ut:ilit:y Plant: in Service Test; Year Prior Year Prior Yea'=
/./" /.
(A)
Cons eruct:ion Hxpendit:ures 1,102,768.76 12,497,746.46 l.)586,250.45 (h)
Net Plant Placed in Service 6,626,952.24 83 368 08 2,962,132.59 (C)
Gross UtilityPlant ln Service 26,894,091.20 21,359,404.38 23.,229,349.70 All (h)
'Charges t:o Hork Orders (Acct. 10/) minus miscellaneous djustments.
(f>)
Holk Orders classified and tran, ierred t:o Acct 101 o t:ransom rred t o A. ct.
106 (C)
Docs not: include Mork Orders in Progress Acct:. 107.
N>>pportin~'chedules:
1",- 5
ARXZOXV, m,rCTRXC PO<<HR CoorHmTXm, XNC.
morOSCD RICH XNCRHWSS SUPPORTXNG BOCK~i,ENTATXON XN ACCK%)
$1XTft GKNHPJ8. ORDHR 0-53
.Tune 12, 1975 B.

Rl>

RQ.
2 oPODlllj R:1's.Q Xxxcrc'.88" JUQG j.2 p J.972 F10 r QcheQPl 9 Soll.'u'.Bx"J of Or~p
".1a".l. Coa+
G"..O..s O'"DP.l y PLaxl~ i.x1.8c-vice Or:Lgj."i)a" Cos t Rel:~
Jja~~
v33,."39, GI~'l. 29 T>638'CCÃlXallat:8Cj DBPX'8CXGt5.OQ
~j.iQC Uwr.lit/ P1811't JQ iRQVJLCQ I;,I.q~38I, -"C>
C".LBl oxi'aer8 A'.PJMcas For Co'A8tract J.oxx Or Cont "ibutxou3 in Aid of Coxxstvxct'xoxl A.li,ovaxlce for Noricj.ng Cajx1.t:al
~
O 5,1J-'1,333.80 (b)
To van.
P<G'lxe RG 8 c.
"XxxcRUG". Qg Px'020'Ql'-
- 8 JU8 ilMxxt:8 1
>'J:>Flort'lB<'ohCJG j. e<~:
a>i
~ Low,', l.
~i)
~
~
32
p.zi-ona H'Lectxic poem Coope=at-'i>e>
RQ; PÃoposeQ R:-tLQ XncveGGe iSCt18t~klle B 2 5;g.t-le:
O-.igiga3. Cost: Bat, 75ese P"o.""on."z Ad jus<ra;ga F
Gr.oss Ut:ilia@ P:tant iYl SQXVice ACCQQ1 a> Hno of Vest Year
$26, 89li,091 '. 20 PFozox~)Q
. Ad lu G~er
-a 70~6 f5q756 09
/LG~Mt:e6 PC RQQ of Tecg 'bar p33539,8~>7. 29 2.
7 es8:
Accurrulat88 Depx eclat:ion
~~,-'>38, 387. 56 I))(r3o,30].56 Service y22,~~5 7, 703, 6-'~
6g,~ 7~6 09 q<29, l03,
/
(a)
Gas Xuz'>:inc P3 t'fl Ge..vice 'tl:lg 9 J.9/5
~o~ cise'>Q.acct 83 of ppi]
0 j.97, (4 JBS lncl'Ll(t@6 lII COI38 t:VUCLioXl 4'70~k:LQ px'O~~>'."M 9),
let't:ilit." Plan>
3.n l>59, 73 Sll ttO'1 tlA(! SCbOQu'lQS:
F,-l Reoan
':"ne!i<Le
!arizona I'.lcctxic Power. Cooperative, Inc,,
Re:
Proposed, Bate Tncrease une 12, 1975 Schedule 3-5 Tit3.e:
Computation of Working Capital Amount-1.
Cash working capital 2.
IIaterials, Supplies, and Fuel Xnventories 3.
Prcpayrnents and Special Deposits 4.
Total Borking Capital Allowance 991,259.64 (s) 4,028,285.33 (n)
J;64,788.89 (b)
$ 5,184,333,86
{a} Othe;" Power Suppl.y I ess Dispatch Cost Purchased Power Cost
$2,763,189.46 iii5 76~.16
$ 2,597,424.30 24 =
$ 108,226.01 Operations Expense L..ss Purchased Power
'Yiaintcnance Expense Total Cash >lorkinp Capital
$9,3l.2,290.03
-2,597,424.30 349 403.29
$ 7,064,269,02 8
883 00'
$99l,259.64 Suppoxtin>
Schedules:
(b)
E-J.
Recap Schedule 34
ARTZOiiA ELECTRIC PQJEli '001,EPUATXKVs ~
THC,
'PROPOSED PdA'I XECPZASE SUPPOIiTLXG DGCUHENXATXON XN P.CCOBD
$D."II, CIXi'EI<AXi ORDER U'-53 Juno 12, 1975 C.
TEST 'YEDPi XHCOiK STATEIMK1'S 35
Arizona I"lect:r.:ic Poiver Cooperative, inc.
Be:
Proposed Ra):e 'Increase Ju!ie
'.1.2,
'J.975 Scl!edule C-l Ti.t:lc:
Adjust.ed Test: 'Rear
'.llzcomc Stat:ement DescrLot::ion Elect:sic Ene'cpy Revenues J.!!collie from 3.eased property<'Bet Or'ne".. Ot)era~'. Reveiiue
& Lncome TotTT Oper.
Revenues
& pat.
Cap.
Opera t::Lon Expense-'L)roduc t:ion Ope'c.
Exp.-Gf:her Pover Supply Operant::i.on Expense-Transmi s:Lon Operat::i.on Expense'Dist ribution Oper. Exp.- Consumer Account.'s Operat:Lon Expanse-Sa1.es Oper.
Hzp."Ad)nLn., & General
'.i'.ot:a',L Opera)'ion Expezi e
K<intenance Expense"Product'.ion Haint:en )nce I"'xpeiise-Transmiss:i.on Maintenance Expense-Di.st:ribuf.'ion "ia;in, IPxpense-General Plant; Tot.'a'.l. 1iaint:enance L<,')pen, e Deprec.
6 Ament:isat.'ion E".. pense Tc';
Tot'.al Cost oZ Electri.c Service Oper<itin@ margins Xnf:crest on 'I.ong"Term Debt:
Xn"crest: C'")arged t:c Const:r, Credit..
Otlzez Deduct:i.ons J.z) tcres t: X"zc>&le A.Li.oiz. X<<r B<nds Used During Const:r 0"I!er Non-Operaf;:ing Xncome-Nef:
Gen.
6 Transmi.ss:ion Capit:al Credit.'s Other Capo Credi>s 6 P<lt.
DJ.vidands 1'.'.xaord:i.t4!re
3. 'ms Net.'c<tron'U'e Cap'i.t!al oz YiarpJlls (a)
Actual Test Year 0ndecl
/s~/30 15 12,220,235.97 A3. 2'/8.05 12, 263, 464. 02 5,. 900, 723. 25 2,763,189.46 11l),466. 31 533 811..01 9,33.2,290.03, 187,401.22 106,965.86 55, ()36,21 349,l)03.29
,6?2,990.15
L,015.419. 81 11,300,1Q3.28 963,360.7/)
509,423.62 (514,058.71) 630,487.13 58,084.78 r
4,841.79 l)1,455.00 2.215.67 444 1Q5.94 (b)
Pro norma Ad.iustment.s (213,323
~ 71)
(213,323. 7i) 53, 175. 40 l)9,31./. 05 35,727.82 43 054ol)7 18'J,; 274 o 74 32,552.l.9 35,872.40 7.l)83. 91 75,908T50 353,602.85 251 613."9 862,600.08 (1,075.723. 79)
T (1, 0/5, 723. 79)
T.est.'ear PTa sult:8 M);ex I?r0f0 a ma Ad i us f'!!)enT's 12,005,93./.<<6 l 3.228TQ 12,050, 140. 3i 5,953,898.65 2,812,506.51 150,..3.3 5'/6 965T48 9,493556/). /7 219, 953. 4 3 142,838.26 62,520
)2 42'< 1
'7'76,59'3
. 00 3.,267 033.8()
3.2 2 1 62; 503. 36 (13.?5363.05) 509 ~/'<<3T62 (Sll),058.7'f )
630,487,:l3 58;084.'/8 4,841.79 T
~
413 <5,) T).<0
)
<<.?J....i /
(63 1.,6J.7.8.'))
Supp(<.c i'.';<a S..t!ed)) les:
c fa)
E-2 (t<)
0"2 ftecat)
Sc)!c<du')
ns'6
Arizona Elect;ric Power Cooperative, Inc.
1:e:
Propo.ed ltat;e 1ncrcas'une
.'1 2, 1975 Scilcdule ts-2 TiLle:
Income St.at;emend 1>roiorma Adjus>meni.s 9e script::>.on Revenues:
Ad 1u st:men t:s I
Elect:ric Energy Revenues Tot.'al Adjust:meatus 'to Revenues
{213, 323. 71)
(a)
(213,323. 71)
'Expenses:
Operat:ion Expertise - Prpduction Operat:ion Expense - 01:her Power Supp1y 53,175.40 (b;
49,317,05 (b)
Operation Expense - Transmission 35,751.82
{b)
Operat:ion Eayense
- Administ:rat:ive 6
G neral 43, 054.!'>7 (b)
. ot:al Operation Expense 3,81,274.74 Haintenance Expense - Product:ion tlaintenance Expense - Transmissi,on
'v>aint:enance 1:.xpense - General Plant:
32,552.19 (b) 35>,8/2.40 (b) 7,~83.91
{~)
Tot:al ttaintenance Expense 75 908.50 Depreciation 6 Amort:izat:ion Expense 353, 602. 85 (c 1 Taxes s
25 1 ~ C>13. 99
((.",'oLal Adjust:ment:.
t:o Expense 862,4>00.08 I
(a)
Elect:ric Revenues reduced by amount:s collect:etl duri>>g mont.its of l:1>le !.est: year
"[;.at, vere for other periods.
(b)
Payroll adjustmetd;s re u'1>.inl; from union set:t:lcmcnt cfiect:ive 11arcn 1. 1975 Q>>J addit;ional ps sonne".
(c) 1)eprec1ation increased t.'o i>>clud>n Gas Turbine
$r'3 (leased on current; (epend i >urea o;>'! y).
(
Tasn.", >noroasaIl bssoI> on 1I>>5 ua>unI:Loss, a"susIinp u-'v. '.;n",.Is w".:.sin <or. 'ani.
Sx>p~ort::f.np Sct>e(1uLcs:
'P.ecai>
Set<cd>> ie;>..
C-1
A'"irons H1ectric Poser Coooerntxve, Xnc Pa:
Propo" ed Rat:e "Xnczease anne 12, 19/5 l~clgpdge3 g Computntion of Gros" Revenue Conv -Ji:ton Pac~o
~Dascri >'io'x Percenknve ox Xncrell'enc61 Gros.
R"'i"n as ACC Gro8 3 Raven'?8 TGx
0. 197>
Tot:a1 Tax Percentage OparAc.Snab On 81'a Li11E Xncore i
=- 100% - Tax Pc" centage
>>.99893
~ Gross Revenue Converaioh Pc~qot
= 1.00197 XQCOTl!8 K i)Onv)ov(: in)~ i%chad'L1108:
~
4 I
~
~ 7p Pl'yc i )
CI1i](.'Lt ~t) fbi
e
ARXZO'LK ELECTRXC PO'iKR CCDPEP~VZXVH, XNC.
PROPOSED BATE XNCPJ'.ASE SUPPORTXNG DOCPiRNTATXON XN ACCORD WXT11 GENERAL ORDER U-53 June 12, 1975 E.
1'DiLANCTAT. STATEMENTS hgD STATXSTXChL SC11EDUJA'S 39
Ar"Rona Electric Power Cooperat:ive, Xnc.
Ite:
P oposcd ltate Xncrease III
~I wr Tune 12 1975 S chcdul c I'.-1 Page 1 oE 2 Tit.l,c:
Coniparative Balance Sl:eet Assets ancl Other Debit:s Tot. Ut:ilit:y Plant: in Service Constr.
Boric in Progress Total Ut;ility Plant:
Accum. Provision for Depr.
& Amort.
Hct: Ut:ility Plant:
(a Non-ut.'ility Property-Nct Xnvest. in Assoc. Org.-Pat:.
Capit.al Xnve t. in Assoc. Org.- Other
. OLher Xnvestments Special 1'undo Tot:. Ot:her Propert;y
& Xnvest.
e Casl.
>> General Funds Cash"Constr.
Funds-'.Crust.'ec Special Deposits Account:s Iteceivable - Net 1"ue3. Stoclc llaterials
& Supplies-Other Prepayment:s Other Current
& Accrued Asset:s Tot:. Current
& Accrued Asset:s Ua~~ort. Debt Disc.
& Hxt:raord.
Property Less Other Deferred Debits Te t Year L'Doled Il>01i5
$26,894> 091. 20 8,388,98/.97 35,283,079.17 4,436,387.56
) 30,8l)6,691.61
. 0
~
44,312. 24 388,588.00 2,992.70 31 604.l4 467,497.08 464,598.86 286,585.09 8,093.00 678,693.31 3>796>055.86 232,607.21 156,695.89
?66 395 9/
5,889,725.19 216, 774. 39 4,033,819.49 Prior. Year Ended 3 Rl311 7l 921>359,404.38 3.3,913,1/3,.45 35,272,5'15.83 5,347,844.12 29,924,731.71 43,838.88 388,588.00 62 992 10
~48 l'ji 512,906.24 43,785.26 212, 7lo. 86 4,59/.00 l.,206.036.16 3,324,068.69 15
/9R 115,414.38 3,:i9~0? 2. SR 5, 263., l)74. /3 225,54/.03 1,282,200.09 Prior Year Ended 12/31/73 F21>229>349.70 1,65?.,824.12 22,882,3,73.82 4,768,345.89 18>,113,8?/.93 643.57 308,082.00 1,301,303.21
't3 l."t il 1,623,157.89 82,163.3?
294,72i.92 4,564.00 SR / >9 73 882,769.69 328)887.90 78>070.97 l '1 0.67'?.../.".~
56/
590 0()
251,864.95 144294.88 Total Asset;s
& Other Debits
$41>454>507.76 g437>206>859.80
$22>691,/36.61 Suppoct:in'chedules
~
~
(a)
L-5 I:-9 40 I'ccxL~ Schedule:
A-3
Ari.zona Electr::ic T'ower Cooperat.'ive5 Xnc.
Re
'I!r.oposed Ilute Xnc.".ease inc 12, 1.975 Selt dule E-1 Patie 2 o c T:Lt,Le:
Comparat:i.v-L2a.Lance Sheet:
Liab<.lit.".Les -nd Other Credit:s Ilembexships Patronage-.
Gapita1 a.
as's:Lgned 6: ass;Lgnable b ~ x'etirecl, t his Qeax
c. Xet:Lred prior years
d. net: pai:ronage cap" tal
'perat;ing Yiaxgins-.Prior Years Operating Nargins-Current Year Monopex'Q ting l.'iaxgins Tot:al 'Hargins 6, Hquit:ies
ong-Term Debt - RHA Long-Term Debt

- Other Total Long--Texm Deb L Not:es t7; Accounts Payablo Othe'urrent:
b Accrued Liab.
To~'. Cc!xrent 6 Accrued Liab.
Deferr d Credit:s Operat.'.i.ng ¹serves Contrib. in a:id of construction Test.'Fear
25. 00 1,843,609.01 1,843,609.01 (a)
(839,832.27)
(a) 33/,508.70 (a) 106,597.24 3.,44/,90//.68 28,999,168.19 154
.'392. 09 29,155,540.20 10,10I),278,15 51~Ci 290.69 10,260,5G8.84 200,866.82 31,604.14
'I Prior Year Hncled 1~23+L7!4
~ 25. 00 1,84",609.01 1,843,609. 01 (504,/78.14) 50650.30 1/)6,427.03 15535,933.20 24,992,606.3/
78.09!i.50 25,070,701..8/
10,134,661.8/
397171.5?
10,531,833.39 50,90').GS 17,486.66 P.x;i.or "2'.ear Hnc~.ed 12/3'/7'3 30.00
~ 1.91475376o33
1. 5 3.47, 37C5. 33 (89-'), 182. 21)
- 673,2r0.60 3909195 43 1.,316,670.15 20,376,028,31 89,25?.00 20,465,280.33.
637,215.04 27 L.88!).36 909,099.~<0 6,686.75 4
Tot:al'Liabilit:ies 6 Oti;.ex Credits 941,454,507.76
$37,206,859.80 (22,697,736.o L
(a) 2'2d.iusi:cct
.t.'.",.om actual 4"30-75 figures t:o reflect marg:Lns i'or ~otal test year.
guon ~x l;.ic1v 42;:).eclules:s Plunder Qchech!les:
n-3 41
Ar:f.sona Elect:ric Po~~er. Cooperat;ive)
Xnc.
Re:
l?roposed, Rat:e Xncreasc.
)
c
'une 12) 1975 Sc'neclule E-2 Tit:le:
Comparative Xncome Ft.at.'ements Desex:in t.'ion Test: Year T'aided 4/30//5 Prior Year Ended 12/31L74 1?r:i.or Yes.r I'.n8e8 1?/~l/73 1"lec', ri<<Energy Revenues
. Other Operating Bevenue 6 Xncome Tot:al Opera"ing Revenues
(?'at.'ronag Q
Cap 1 eel 912,220,235.97
>>3,?28.05 810)685)346.86 32.813.31 12, 263) 464.02 10,718) 160. 17, 7, 941. 465. 34 13.680.27 7,955, 1/)5. 6 Oper-" t.'ion Expense-Procluct: inn Oper.. Exp.-Other Pocver SuppLy Oper. Exp.-Transmi: sl.on Operat:l.on Expanse-Sales Oper. Exp.-bdmin.
6 ('eneral Tot:al Operation Expense Yau.nt:Qnance Expense-Product
~ on kfaintenance Expense-Transmi.ssion tMain. Expense<<General Pl.anL Tof'RJ. +?.laint:Qnance Expense l)eprec.
t? Amori.. Expense Imp'e" Total Cost: oX Ele<<t:ric S er'c?.Lce OperaLix)g 1~largins XnteresL'n I ong-'J.'erm Debt Xn t.:.
c'.'t?arged tx? Construct:ion-Cr.
Other Dec',uct'.ions Xnt:crest; Xrcome Al.lOQ'o;for. B)nd. Usect Duri)lg Const r.
OAer 3)'on-opera"..ing Xncome - Hc" Ot%!er. Cap. (ireclit:s
&. Pat:. DLvidends
~ Ext:raorcl:l.ncL'I:g'... 'ms 5, 900, /23. 25 2,763,189.46 1N,466.31. 533.911.01 9)312,790.03 187)401.22 106,965.86 55 036.21
.2 349,/)03. 29 622,990.15 1~01~5 419.81 1'L,300,103.28 963,360,74 509,423.62 514',058.7l.
630,487.13 58,084.78 4,843..79 43.,455.00 2,21.5.6/
4) 781, /04.07 3,014,737.01 91,494.64 492 93l. ]8 8,380,866.90 172,304.83 100,533.72.
52,131.05 324, 969. 60 61$,95/.06 798 9?8.11
10) 123, /21,67 594,438.50 4/1,/)('7.45 3.'>9, 197. 49 431,538. 24 103)2,29.72 a.0
<<0.
41,455.00 1.742.31.
3) 427,8?0 I../.6 1)606,330.36 84)934.34
<<0-418~ 842.. 58 5,537,908.74 l35, /24.49 42,885.98 31 686.35 210,296 589,720.68 550.533.7+',888,459.98 l.,066,685.63 392,912,42 522.61 1J.7)600.02 <<0"
~ 79J..3(?
Net: Paern:;:agc (tapit:al or, Nargins
~
444,105.94 197,077.33 791,641.98 Suan or'.:Jnc Schedut.es:
~.,
g
~
~
1;ec,ap Bcheclu! e's:
A-2
Ari.zona Elect:ric Po<"er Cooperat:ive, Xnc.
Rc:
Proposed Rate Xncrease unc 12, 1975 Schedule E-4 Tit:le:
St.'atement of Change in Patronage Capital Xalance 12-31-72 Ass:tgnment of Margins
'J>alance 12-31-73 Assignment O'. Margins Balance 12-31-74 lt Net Pat:ronage 775,235.40 372 140.93 (a)
$ 1,147,376.33 696~232.68 (c)
$ 1,843,609.01 Operating Margins Prior Years (891,321.39}
~2 868.82)
(6).
(894,182.21) 389 606.QJ (8)
(504,778.14)
(a)
Oper sting Max'ns I972 Allowance for Iunds used during Const:ruction.
Ad.justment:s to Margins (Additional Revenues) 339,950.07 17,224.87 16 96~,99 (b)
(c)
Assignment of Hargins Adjust:ments t:o Pxior 'Fears (Expenses and Revenues)
Operating Haxgin:-1973 Capit:al Credit.'llocation from SSVHC Adjustment:s t:o Margins (Additional R'evenues)
Assignment: of Margins 372,140.93 673,250.60 791.36 2~2 190,I?
696,232.68 (d)
Total Non-operating Margins 1962-1973 - Chang of ltoard 'Policy 43
Arizona Elect:ric 3?ower Cooperative, Inc.
Re:
Proposed RaLe Lncrea e
June 12, 1975 Schedule j?"5-Page 1 of 2
Title:
Detail of UtilityPlant:
AccounL Number 301 302 114 D Q~BG'C Ci 0:1 Int:a>>g:ible I'l.>n>:
Organization I'ranchises 6 Consents Elec. Plant Acquisition Adj.
'La)1d
& l.and Right:s Test: Yeax Nct Changes I
6)059.48 992.90 17,651.18 Prior Year
!~l'll:
. 6,059.48'92.90 17,651. 18 310
. 3-')0 Apache St:aLion Sit:e Cochise Plant Site Harana Plan t Si t:e Redt".ail Sub Sit:e Romney Sub Site Benson Office Site Structures 6
Xm rovements 39,950,46 587.00 1, 146. /9 100.00 145. 00 19,046.57 145.00 39,950.46 58/.00 1,146.79 100.00
~ 0-19,0/)6.57 341 352 390 Apache Station, Ifarana 6 Cochise Plant Sub., tat ion I4etering Benson Oflice S L'earn Production 3.,55)8, 091. 90 181.,626.82 58,701.85 2/2,933.57 11,172.80 (3,566.60)
(4,290.56) 6,263.70 1,5/)6)919.10 185,193.42 62,992.41 266 669 8/
312 314 315 316 Boiler Plant Equipment Turbogcnerator Units
/Iccessory Elect:xic Hquip.,
Hisc.
Power Plant Equip.
Other Produ t:ion 5)241,040.24 5,308,476.47 405,769.61
'130,883.05 629,117.01 4 61] ) 923, 23 5,308)476./)7 405,/69.61 130,883.06 3-') 2 343 3")4 345 346 tuel jiolders, Producexs 6
Prlr)e 'tin@era Genera'1:or s I!cce.'~os Elec. Equip.
Misc. Po)Ier Plant Equip.
Acces.
233,344.12 1,65)0,069.52 698,551.65 325,263.89 13,805.42 1,372.06 13.4S6.54 6,931.31 555 25 231., 97 2. 06 l)636)632>98 13805. 42 44
Arizona Electric Power Cooperative, Xnc.
l<e:
Proposed Rat<'. Xncrcase one 12, 1975 Sr'hedu3 e E
5 Page 2 of 2 Tit:le:
Detail of Utility P3.ant (Cont d)
.Account:
J>>".umber Dccc1'xpt:40ll Transmission Plant TesL Year Ended 4~20 75 Net t,henpes
..to..l'lang P"d'or Year Ended 12/31/7A 353 354 355 356 S tati.on Equ:i.pment Towers 6 Pixtures Poles 6 lixtures Overhead Cond.
& Devices Distribution Plant:
2,011>310.40 103,083.38 903,225,39 1,273,501.12 (a) (814,527.15)
(b)
(40,245.55)
~ (b)
(14,308.61) 2,825,837.55 103,083.38 943>470.94
.1;287 809. ~3 362 Station Equipment General Plant 111., 323.18 111,323.3.8 2
'95 396 397 398 106 0ffi.ce D'trnitux'c & H<}uip~
Txanspor t:ation Equipment St:ores Hquipmenl.'ools
& Shop Equipment Laborat:ory Equipment:
Power Cpexatcd Equipment Con}}unicationEquipment Ifiscellaneous Equioment Complet:ed Construct:ion - Not: Stcam Production Transm"ssion Plant-Dubs 1t -Lines 71,207.54 75,444.40 2,76/.17 55>65 }'2 21>>, 921. 37 140,386.56 25?,053.95 2,644.44 Classified 3/,717.41 825,902.08 4,841,711.09 4,308.34 8,520.10 535.68',100.86 324.49 19,080.00 431.57 37,717.41 825,902.08 4,843.,711.09 66,899.20 66,924.30 2,231.49 53,553.36 21,596.88 121,306.56 25?,053,95 2,212.87 Tot:al Plant in Service Accum. Dcprec. 6 Amortir.ation Net Plant: Xn Service ConstxucLion Roric n Pxopress TOTAL STET PIAÃZ 26,097~,001.20 5,534,686.82 21,359>404. 38 5,347,844.12 22>457 > 103,64 6>446> 143.38 16,011,560. 26 8,388,98/.91 (5,5>2 },3.83. -}8) 13,913,3.71.45 30,846,691.61 921,959.90 29, 924, 731. 73. l}>436>387 56{c)(911>}5656) ]700 tno tes {a) Sale of Anaconda Substation (b) Hale of a portion of.':he Anaconda'ine a c (c) Xnclu<les q'.1.,021,782.5/ - I'ctir-'"ment Ilorlc.in Progrcst 'S'>>~}nor ti.ng Schedules: E-9 45 'Re~ca > Schcdu1cc
-E-l,"A-4
0
Arizona Electric Power Cooperat" ve, Inc. Re: Proposed Rate increase unc 12, 1975 Schedule 1 -7
Title:
Operatinp Statistics 1'.lectric Statistics: Test Year Prior Year Pr 3.or Vca1.'nded 3 2/S'L/74 Fnded 1~23] /73 1QH1 Sales 841,361,335 869,514,?93 823,415,750 Ave Ho. 02 CustoIAers 5 5 17.00
10. 49 7.48 KPK Trans.
Fzpense (Mills/KPfk) 1.02 .81 .58 Slip))oÃl:.itl" ScllQBlllQs: Recon ~chcdu~cs 46
Arj.~ona 1.'lectrlc Power Cooperative, Lnc. pe; Proposed 1<ate Xncrease ,'>cI).eduLo K-8 T:i.tie: Tares Charged To Operations 3)escr) T) t".Ion Test Year Prior. Year. Prior Year '~/- "'"'" / -/ /// Federal '.t'axes: -Payroll - l'XCA. - Unemployment: 1,275.08 1,189.96 33 l)19.02 $ 3] 292 Q9 25 ~ 116 Q9 ~A2. 72 8 tat.'e T.".r.es Payroll. - Unemployment iiCC Gr/oss I<evenue 955,03,2.85 l,l)/7.l)8 24,235.38 "7lI3 752 l).5 1,805. ll> 20,888.l)/ 509 l)3l).23 1,102.18 '13,938.52 J,ocal Taxes; Total. Taxes $1,015,/I19.81 $798,928.11 ,) 1 Ip) )o c t;,L B Q~ ~~ich e(hl I.e 8; Rcc"p 8chedules: 47
c 'c Arizona Electr:i.c Power Cooperative, Xnc. Pe: Proposed Rat:e Xncxease Tune 12, 1975 'schedule E-9 Page 1 of 2
Title:
Notes to Financial Statements Schedule E-l Comparative Baiance Sheet: Xnvestment:s in Associat:ed Orp~anizaeions Patx~ona a~Ca ital: capital as igned by CFC and SSljEC. Xncludcs patronage investments in As<<ociated Orgranizations Other: Xnvestmients in Capital Term Certificates tr'th CFC and other small membership fees (refundable). Oth.r Xnvestments; Cash value, Hanager s l.ife insurance policy, and T.C.D.'s. S~ec!.nl Funds: Deferred compensation for employees xeti>.ament. Prep~a ments: Boiler insurance prepayment and fuel. enrichment prepayment fox AHPP. t Other Current: and Accrued Assets: USBR int:exchange poleax. cac Unamortisocl Da't>t Di"count: encl Hztxaoxc<<in;cx P-ooext~io.;:.: Obsoiote Bio"el stat ons being written-off. Othe" D..fcrred Debits: The costs of projects in preliminary sta<<es (i. e. Engineering on Steam Units 2 and 3, Railroad right-o -~ray, and Coal Hzploxation), Lo~n~ Term Debt Ot:her; Committed investment in Fast Bxeedex Reactor and Electric Power Re, earch Xnst:itution. 'ther Current and Accrued Liabilities: Accxued taxes and interest. Deferred Credits: Fuel adjusLment "Ban!<<. Account". ~O..rating; Re;exvos: Deia".xocl compensation for. amSlogtes xntixescent. Schedule H-2 Comparativ Income SLatement:s 0" i>ax Oj>aral:inL Revenue .".nd Income! Hl>eelins clc;.xges. Other Deductions: Xnterest on 'tort term debt (to C""C) and donations expense.
g( <yodole s':- 2 CorAl)at at j.ve J.lrco~a.!6 Sta te[Qents (corlt'Kneed} I Sebo(bale !:-9 Page 2 c<< 0tner Capital Credits and Patronage Dividends: Capital c-..edit allocation from CPC. Hxr:r'aordi\\let'v XteR8: C'ita" cred t all ocat;ion fL;oR SSVEC. Schedv3.e E-.5 Detail of Utility Plant Construction 'ho".k in Progress: Primary item is Gas Turbine fi3 ($6,525,000) and va"iovs othex'ork in pcogccss. Supp'.>r't j,r'p Schsdnles'erap Sch<.dni".-, E-1 E-2 H-5
ARIZONA HKHCTRXC PO'.PER COOPERATIVE, Xit'C, PROPOSED RATE INCREASE SUPPORTX'LING DOCUMN'i'ATION XN ACCORD MITkt GEViEIAL ORDER u"53 JGQG 12p 1975 1T. EPPECT OP PROPOSED TARIPP SCHEDULES 50
Arizona I':lcctxic Power Cooperative,
Xnc, Ile 1'xoposed 1<ate.increase J
~ c 12, 1915 Schedu'.l e H-1
Title:
Summaxy of Revenues 'oy CusL'omex Clas. ification Present and Proposed Rates 1(evenues in the Test Year PI'o~losed 1M'i e:~ s;" Cus tomex Classificat.ion PresenL RaLes ~Pro o a"d Rat:ea Amount / wholesale $12,006,912.26 $13,605,11l>.30 $1,598,202.0tI 13.3 ToLal Revenues $12,006,912.26 $13,605,116.30 $1,598,202,0/y 13.3 . appoxtin~~Sche<!ules; 1<c~ca > Sclu dule s:
r)Q'EFOH( 'QiE ABXZONA CORPORATION CON!ISSION g/ // s"":/' bn y'C +./ ~ AL FABON Chairman ERNEST GARFIELD Commissioner BUD TINS Commissioner XN Ti)E ?QTTER 0 THE APPLXCATXON OF ARIZONA ELECTRIC PONER COOPERATX~/E, XNC., A NON-PHOFXT RURAL ELECTRIC COOPEHATXVE, FOB BATE XNCREASE. D'30lZT NO. U-1773 OPINION AND ORDER BY THE COi&KKSSXON: The above-entitled matter c me on for hearing before Evo J. DeConcini, sitting as Hearing Officer> in Tucson, Arizona on June 24, 1975. Applicant was represented by its attorney, James F. KcNulty, Jr., and there was no appearance in opposition to the granting of the application. The Com<ssion has read the transcript of the pro-ceedings nd the recommendation of the Hearing Officer, and , mikes the following findings of fact. s+ FIt!DXNGS OF FACT 'he Original Cost D preciated'rate base is .427 631 353-00. 2. The Fair Value Bate Base is Original Cost as the Company chose not to present a Recon-struction Cost Study. THEREFORE XT IS ORDERED that the following rates should yield 6.1+( return on the F"ir Value rate base: $3.47 per Kl/month, plus $.0127 per l"ZrI used during billing period. Fuel Ad,iustments Such ad;:ustments .shall be made from a base price of ono dollar and seventy-five cents (.~1.7$ ) per million BTU cost of fuel consum d in the AEPCO gener ting
stations, plus additional fuel adjustments from other systems supplying po:(er to AEPCO.
Thc total amounts calculated and received as fuel.ad,justment on sales to non-membc s shall be deducted "rom the total fuel ad.justm..nt costs. 52
DOCWT NO. U-1773 .)/ /' -t DECISION NO ro'~-.I Tne resultant n t adjustment to AEPCO shall be divided by thc total K!1H delivered to the members. The resulting factor "hall be applied as a charge or credit to the total KbH delivered to the member" as fuel adjustment. The fuel adjustment shall be invoiced monthly by methods determined to meet state regulatory and member requirements to the end that fuel adjustments "re applied equally to all users and without margin to AEPCO. Tnese rate" shall become effective with September, 1975 usage, and Octob r,, 1975 billings. XT XS FURKiEH ORDER<<D that Arizona Electric Power Cooperative, Xnc. shall notify each of its custome s by first class mail on or before September 1, 197$, of this approved increase in rates and the effective dates of same. BY ORDER OP THE ARIZONA CORPORATION'CO'MISSION. mC IN MXTNESS MKHEOr~ I, GEORGE M, DE!tPSEY, Executive Secretary of the Ar~i on" Corpora ion Com~ission, have hereunto set my hand and caused the official seel of this Commission to be affixed, at the Capitol in the City of yhoeotx, thee ~! :i dey of (.r'/.i!, X-1975" c/ ~yz~,n GEODE kl. DEt&EEy~ E)gCUTXVB S" CRETAH"
"Provide fox each participant a list of generating units to bc constructed during the period of construction of the subject nuclear power plant, showing the type of unit, net capacity of each unit, thh dollar amounts to be expended for each unit during each of the yeaxs involved, and thc in-sexvice date of each unit."
RESPONSE
TO ITEN 11 "Two coal-fixed steam generating units producing 350,00 1cilowatts (175,000 Kilowatts each) net are planned to be constxucted from 1976 through 1979. The in-sexvice date for the first unit is 1978 and the second unit, 1979. The anticipated annual expenditures on these units is included in the table on page 3." 54
ITE~af 12 "Complete for each participant the attached form entitled, "Financial Analysis" for the years ended December 31, 1974 and December 31, 1973." RESPOilSE TO ITEN 12 "Attachment for Item No. 12" is on page 56."
TTACHMEN1 FOR ITEM NO. 12 FINANCIAL ANALYSIS 1974 1973 DOLLARS IN MILLIONS EARNINGS AVAILABLE TO COMMON EQUITY AVERAGE COMMON EQU ITY RATE OF RETURN ON AVLRAGE Cot4MON EQUITY , N/A Nl/A NET INCOME BFFORE TOTAL INTEREST CHARGES>> TOTAL INTEREST CHARGES TINES TOTAL INTEREST CHARGES EARNED .594 .543 1.1 1.066 .393 2.7 I'IET INCOME BEFORE TOTAL INTEREST CHARGES INTEREST ON I.ONG-TERM DEBT T I MES LONG-TERth INTEREST CtlARGES EARNED .594 .471 1.3 1.066 .393 2.7 GROSS INCOME AFTER TAXES TOTAL INTEREST CHARGES 4. PRFFE'RRED DIVIDENDS PREFEftRED STOCK COVERAGE N/A N/A AFUDC NIET INCOME AFTER PRFFERIEED 0 I V I DENDS N/A OPERAT ING EXPENSES (LESS DEPR. R, TOTAL TAXES) OPERATING REVENUES OPF. RAT I NG RAT I ON 8 F 433 10.685 79$ 5.569
7. 941 7(P~
MARKET PRICE OF COMMON BOOK VALUE Of COMh1ON MARKET BOOK RATIO N/A N/A CASH EARNINGS AVAILABLE FOR COhIMON COMMON DIVIDFNDS RAT I O N/A N/A CAPITALtzATlow (AMouwT 8 PERccwT) LONG TEftM DEBT PREFERRED STOCK COMMON EQUITY N/A N/A N/A N/A N/A N/A >>IWCLUOE IWCOME TAXES - CURRENT ANO OEFERRFO. 56
0 S}}

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