ML19323F185

Annual Financial Rept 1979

ML19323F185
Person / Time
Site:	Fort Calhoun
Issue date:	05/20/1980
From:	OMAHA PUBLIC POWER DISTRICT
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References
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Download: ML19323F185 (28)

Text

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O Omaha Public Power District e Annual Report 1979

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Colitents Executive OfUces 1979 liighlights 3

Electric Building President's letter

,4 5 1623 flarney Street l

Board of Directors.

5 Omaha, Nebraska 68102 General Manager's Letter...

.6 7 Trustees Assistant General Managers' l.ctters

.8 11 Net Receipts and Debt Service Coverage

.12 Morgan Guaranty Trust Company of New York, New Financing

.33 York, New York (1950,1952,1954,1956,1957, Auditors' Opinion

.13 1958,1961,1966,1968, and 1969 Bonds)

Balance Sheet

.14 15 The Northern Trust Company, Chicago, Illinois Statement of Net Earnings and Accumulated Earnings (1972,1973,1975 Series A and B.1976 Series A and Reinvested in the Business.

.16 B, and 1977 Series A, B, and C Bonds)

Statement of Changes in Financial Position..

.17 Notes to Financial Statements

.18 19 Paying Agents Supplementary Statement of Earnings from The Bank of New York, New York, New York (1975 Continuing Operations Adjusted for Changing Prices. 20 Series A Bonds)

Supplementary Five War Comparison of Selected Morgan Guaranty Trust Company of New York, New Financial Data Adjusted for General Inflation

.20 York, New York (1950,1952,1954,1956,1957, Notes to the Supplementary Financial Data 1958,1961,1966,1968,1969,1972,1973,1975 Adjusted for the Effects of Changing Prices

.21 Series B,1976 Series A and B,1977 Series A, Schedule of Revenue Bonds Outstanding..

.22 23 B, and C Bonds, and 1979-A Revenue Notes) 1979-1978 Comparisons

.24 Continental Illinois National Bank and Trust Electric Statistics

. 25 Comp:my of Chicago, Chicago, !!!inois (1950,1952, Division Managers

.26 1954,1956,1957,1958,1961,1966,1968, and Mid Continent Area Power Pool

.. 27 1969 Bonds)

.27 The Northern Trust Company, Chicago, Illinois OPPD Eervice Area Map.

(1972,1973,1975 Series A and B,1976 Series A and B,1977 Series A, B, and C Bonds)

The United States National Bank of Omaha, Omaha, Nebraska Counsel Frases, Stryker, Yeach, Vaughn, Meusey, Olson &

Boyer PC., Omaha, Nebraska About the coter:

All of the 1,767 employees of the Omaha Public Pouer District - the computer programmers, linemen, meter readers, biologists, control room operators, nuclear engineers, and many others - play a t ital role in planning, producing, and supplying electricity to District customers.

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I 1979 Ilighlights l

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I Operating Hevenues Average Residential Cost Operating revenues for 19 9 were $194,0s,000, an The District's residential customers paid an aserage increase of $46,971,000, or 31.9%, over 1978 of 3.56c per kilowatt-hour during 19 9 compared to operating revenues of $147,116.000.

3.39c per kilowatt hoer in 1946 OPPD's initial year of operation. OPPD customers paid 1~.8%

Operation and Mainten::nce Expenses lew than the national average of 4.33c per kilowatt-Operation and maintenance expenses for 1979 hour0.0229 days <br />0.55 hours <br />0.00327 weeks <br />7.530095e-4 months <br /> as computed by the Edison Electric institute.

were 5111,756,000, an increase of 525,--,000, or

.1 30%, over 19~8 operation and maintenance 1979 Construction Expenditures expenses of 585.979.000.

Expansion and improsement of system facilities j

during 19 9 required net construction expenditures j

Net Operating Revenues of 561,849.000.

Net operating revenues, before depreciation, were i

57~,0 9,000, an increase of $20,7 8,000, or 36.9%,

over 19 8 net operating revenues of 556,301,000.

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Net Earnings Reinvested in the Business

= d Net earnings reinvested in the business totaled cg 519,641,000, an increase of $340,000, or 1.8%, over s,M;e (D-! % g

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19~8 net earnings reinvested in the business j

of $19.301,000.

P... -; @; y 3:g' General Business Sales 31.[#

General business sales to District customers were 5.015,484,000 kilowatt-hours in 19 9, an increase of 24,5 53,000, or 0.5%, over 19~8 sales of 4,990,931,000 kilowatt-hours.

i Average Number of Customers The District served an average total of 209,331 customersin 19 9,an increaseof 3. 92,or 1.8%,over j

the 19~8 average total of 205,539 customers.

Average Residential Use Average annual use per residential customer in 19 9 was 9.901 kilowatt hours, a decrease of 428 or 4.1%, under the 1978 average of10,329 kilowatt hours.

The average annual residential use by OPPD customers was 12.2%above the national average of 8,828 kilowatt hours as computed by the Edison Eicctric Institute.

Completion of the $'5/MM1 kilou art Nebraska City Station in,1 fay fuunteti the District's generating capacity by 418 percent, to I ' 60.000 kilou atts.

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l President's Letter

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Throughout 1979, the Dis-Dntrict, the decade of the Seven-W$

trict maintained its reputation for ties was one of steady growth. h J

dependable electric service. All

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Board members recognize that Our (hallenge was meeting the 2

demands that accompanied that

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the hard work and dedication of growth, and we did that with the 1,767 District employees complete success. Today, w e're at made this possible, and the Di.

g the dawn of a new decade and, rectors join me in expressing ap-along with it, new and different preciation for this service.

challenges Future growth is ex.

Another highlight of 1979 pected to be moderate, while the came in June with the appoint.

inflationary spiral continues. As a ment of Acting General Atanager result, increased efficiency must Lloyd C. Shalla as general man-be the watchword for District ager of the District. Air. Shalla, t

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operations in the decade ahead if who has bachelor's and master's we are to continue providing our customers reliable degrees from the University of Nebraska at Lincoln, electric service at the lowest possible cost, began his OPPD career in 1949. His leadership qualities This report addresses some of the challenges of and technical skills resulted in his selection for a the future and achievements of the past. I am pleased number of key positions over the years, culminating to present the report to Governor Charles Thone, the with the general manager appointment by unanimous Nebraska Legislature, officials of the State, counties, vote of the Board of Directors.

and communities we serve, our bondholders, and A proud moment for the District came May 16, our customers.

1979, when the Nebraska City Sta. ion produced its OPPD is an organization of experienced and dedi-first kilowatt of electricity. Speaking at dedication cated people and credit for 19'9 achievement

• must ceremonies September 7, Nebraska Lieutenant Gover-go to them. The Board of Directors again played a key nor Roland A. Luedtke noted that Nebraskans have al-role in the direction of the utility.

ways had an adequate supply of electricity at reason-The membership of the Board changed considera.

able costs.

bly during 19*9. with four seats having been filled by In February 1979, OPPD and Nebraska Public new members Mary Alice Race, former member of the Power District settled the lawsuit which resulted from Dntrict's Citiiens Advisory Committee on Electric OPPD's decision to cancel contracts for a second Rates, and Michael F. Egan, general manager of a nuclear unit at its Fort Calhoun Station. Under terms of property management firm. took office January 4. after the settlement, OPPD paid NPPD 835,500,000. In re-being elected to.six year terms S. Sam Jensen, an turn, OPPD received all uranium under contract for the Omaha attorney, and Gene P Spence, president of a cancelled unit, a meteorological tower constructed on mortgage banking firm, were appointed by Governor site, engineering service contracts, and environmental Charles Thone in 1979 to fill vacancies on the Board studies. These items are valued at 819,200,000.

created by the resignations of Robert Blankenship and In March 1979, a rate increase averaging 4.3 per.

Rosemary Skrupa. Directors John P. Munnelly, Sectional cent for all customers was implemented. This was the Center Manager / Postmaster, Omaha, and Robert Corn, second of a three part increase adopted in 1977 to fi-a land developer, have served on the Board since 1975.

nance construction of the Nebraska City Station. The All of the Directors are to be commended for their fuel and production cost adjustment accounted for dedicated and untiring efforts on behalf of OPPD and an additional increase of 3.8 percent over the pre-our customers.

vious year.

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Board of Directors

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in October 1979, four public meetings were 5 ){'

held to receive customer input on proposed electric i

rates. The Board found the input to be useful in the 3

development of rate schedules necessary to implement the third and final increment of the 1977 increase. That increase was implemented Starch 1,1980.

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Se e ty During 1979, the cost of electricity to the average

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.lfanaget Hooper District residential customer was 3.56 cents per gmaba kilowatt hour,17.8 percent below the national average

,.y as computed by the Edison Electric Institute.

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i In conclusion, let me emphasize that the Board l

today is both proud and confident. We are proud of t

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District management and employees and the achieve-U2 ments attained, not only in 1979 but through the (y

Seventies OPPD enters the Eighties in sound Snancial (ij position, and we are confident that prudent manage-U ment and hard work 9 ill enable us to maintain that position.

Finally, all of us at OPPD - the Directors, man-agement. and employees - pledge our continued cooperation with Governor Thone, the Legislature, the Nebraska Power Review Board, and the people John P. Munnelly, Robert K. Corn, we serve.

Treasurer,5C.tfanager/

Board.tlember Postmaster Omaba.

Det' eloper Papstlion.

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Y Frank J. Ilogan i

PreMdent V

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l Mary Alice Race. Board Gene P. Spence Board

.tfember Retired, %'eterans

.ticmber President of administration, Omaba.

Western Securities, Omaba.

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General Marlagerk Letter a

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For Omaha Public Power i

system peat load of 1,265,200 District,1979 was a year of many kilowatts. This was a 0.6 percent accomplishments. The new Ne-M increase over the previous peak braska City Station went into }

of 1,257,300. Consumption of operation, the Fort Calhoun Sta-t electricity by the average resi-tion received international rec.

dential customer actually de-ognition, and our customers con-creased for the year by 4.1 per-tinued to enjoy reasonably cent, from a total of 10.329 priced, dependable electric kilowatt hours in 1978 to 9.901 service.

kilowatt hours in 1979. The av-Construction was completed crage residential cost per on the 575,000 kilowatt coal-kilowatt hour increased from fired unit near Nebraska City in 3.23c to 3.56c, May, and it began commercial The slower rate of growth in I

pr.uluction May 31, I am pleased sales and peak load in 1979 was C

to report that construction was I

c78-attributed to two things. First, we

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completed on schedule and experienced en unusually cool within the 5352.000.000 budget. Nebraska City Station summer and warm fall. Second, customer conservation achieved its full generating capacity for the first time seemed to have an impact In response to the lower-on August 9.

By year end, it had produced than anticipated revenues and increasing impact of in-1,083,744,000 kilowatt hours of electricity.

flation, the District intensified efforts to improve both The addition of the Nebraska City Station in-productivity and cost control.

creased the District's generating capability by 41.8 per.

We applied to the Nuclear Regulatory Commission cent, bringing the total to 1,960,000 kilowatts. Based to increase the power output of our Fort Calhoun Sta-on present projections, this capacity will be sufficient tion by 33,000 kilowatts to take advantage of the lower to meet the District's total system requirements fuel costs of that facility. We engaged Theodore Barry through the Eighties.

and Associates, a los Angeles based management con-Our Fort Calhoun Station had a phenomenal sulting firm, for three separate projects. A two month operating record in 1979, ranking third at year-end Barry study of the District's fuels management proce-among the !?9 operating nuclear plants in the free dures concluded that OPPD has done a good job over.

world It was available to produce power 95.7 percent all in procuring the coal, nuclear fuel, and oil it needs l

of the time, and it achieved a 91.6 percent capacity to generate electricity in a second project, the Barry factor. Fort Calhoun Station produced 3,663,549,000 firm and District personnel undertook a study of meter kilowatt hours, or 53.7 percent, of OPPD's total genera-reading routes. The rerouting that resulted will in-tion during 1979.

crease efficiency and result in substantial savings in fu-Utilizing the Fort Calhoun Station heavily helps ture years. A 15 percent increase in productivity in keep the cost of c!cctricity down. The nuclear fuel Electric Operations through greater resource utiliza-used at Fort Calhoun last year cost $12,769,000. To tion is the goal of the third program initiated in 1979.

produce an equivalent amount of electricity with coal Early evaluation of this third program indicates it will would have cost approximately $41,000,000. Using oil, be successful.

it would have taken more than 8.700,000 barrels at a Electricity produced by OPPD came from the current cost of approximately $348,000,000. Latest coal fired North Omaha Power Station, the Fort Cal-comparison figures show a cost of 8.95 mills per houn Nuclear Station, the oil and gas-fired units at the kilowatt hour at the Fort Calhoun Station, including Jones Street Station and Sarpy County Station, and the interest, depreciation, fuct, operations, and mainte.

new coal fired Nebraska City Power Station. De 13 nance. Dat compares with an average 23.09 mills per units at these facilities produced 6,823,834,000 kilowatt hour at our fossil-fueled plants.

kilowatt hours in 1979. Of that amount, 53.7 percent On August 7,1979, the District established a new was generated from nuclear fuel, 45.6 percent from 6

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the caliber and dedication of its employees In fact. 362 present District emplo3ces have completed more than

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25 years of service with the District. The minority and

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.C female hiring rate increased 13.5 percent and 8.5 per-3.jun-#' '

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cent respectively during the past year. A firm commit-4 ment to equal opportunity placement will continue p

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during the 1980's.

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IJoyd C. Shalla i

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l Top Rick wort a manhunust at the Drstricts' North Omaha Potter Atatron. Is one of the reasons the Distructs generating facslities are alu ays in top operating

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of many responsable for maintatnsng

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constant and reliable sertice to customers.

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The Liectric Operations and Engineering Divisions are responsible for The District's transmission and dis-the design. operation. maintenance, and tribution system was a'so upgraded in construction of all transmission and dis-several areas during 19'9. Projects tribution facilities and the design of included the completion of 14.3 miles of modifications of power stations within transmission line and the construction of the District.

a substation near Ceresco. Nebraska. In One of the major projects in Electric Operations December 1979, a 69.000 volt interconnection to that during 1979 was the expansion of the Line Depart.

substation was energized. Other transmission and dis-ment. In the planning stages for several months, the tribution facilities were also improved throughout the expansion was accomplished by combining the former District in 19'9 as part of an ongoing program to main-Rural Operations Department with the Line Depart-tain a constant and reliable supply of electricity ment. The purpose of the change was to enhance job for customers.

training and career opportunities in the departments Two major projects in the Engineering Division in-and improve operating procedures. As a result of the volved modifications at OPPD's Fort Calhoun Nuclear change, more employees are now cligible to take Station required by the Nuclear Regulatory Commis-advantage of a four > car lineman apprenticeship train.

sion (NRC). Members of the Generating Station ing program. District training coordinators predict that Engineering Department completed the design and this change will improve overall efficiency. In addition, engineering of several fire protection modifications at the District will benefit from a more centralized the Fort Calhoun Station. They also inspected, de-operation and a more productive use of the Dis-signed. and directed changes on all safety related pip-trict's manpower.

ing systems at the plant. Those changes have made the An important accomplishment during 1979 in plant more safe. Additional safety modifications Electric Operations was the implementation of the suc-are currently being made in compliance with cessful gasoline conservation program. The District's NRC directives.

transportation fleet of $29 vehicles and nearly 200 During 1979, the District experienced one major pieces of construction equipment used only 713.000 outage as a result of an early winter storm, and Electric gallons of gasoline in 1979. a 5.1 percent drop from the Operations line crews were quickly dispatched to re-751.000 gallons used in 1978. Part of that reduction store service in a minimum amount of time. Crews can be attributed to the trend toward economical sub-worked 18 hours2.083333e-4 days <br />0.005 hours <br />2.97619e-5 weeks <br />6.849e-6 months <br /> after the October 22 storm to restore compact passenger vehicles. A 7 percent decrease in power to several isolated areas in and around Omaha. A the number of miles driven was further evidence of an total of 2.774 calls was received at the District's storm effective conservation program. In anticipation of restoration center during the 18-hour period. An effi-higher fuel costs in 1980. steps are being taken to re-cient communications system enabled crews to re.

duce gasoline consumption even more.

spond quickly to outages. This was another example of Plans were nearly complete at the end of 1979 for the District's effort to provide the most efficient and construction of a substation near Auburn. Nebraska.

reliable service possible.

and a 15A mile 161.000 volt transmission line from Auburn to the Nebraska Public Power District's Cooper Nuclear Station. The new line will improve electric service to customers in OPPD's South District and pro-

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vide an auxiliary power source for the Nebraska City Station. Construction is schedulcd to begin in Sep.

Gerhardt P. Bahle tember 1980.

Assistant General Manager 8

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The Consumer Affairs Group is com-mation funcheons attended by commu-pmed of five divisions: Customer Services nity Icaders throughout our service area.

Operations. Governmental Affairs Stan-These efforts were well accepted in 1979 agement Systems Services. Alaterial Stan-and will continue in 1980.

1 agement, and Public Relations.

Formal dedication ceremonies and a Energy conservation played a major public open house were held at the new role in the Customer Services Operations Division in Nebraska City Station in September. Store than 600 1979. First, plans were formulated among the State's dignitaries, meluding Nebraska Lieutenant Governor eight largest utilities for prograus to meet require-Roland A.1.uedtke, the District's Board of Directors, ments of the National Energy Conservation Policy Act representatives of the Nebraska Power Review Board, (NECPA). a part of the National Energy Act. The pro-county officials, and the mayors of many towns served grams, which stress conservation provisions in NECPA, by OPPD, attended the dedication ceremony Sep-are designed to prevent the wasteful use of energy tember 7. Store than 5.000 customers and employees through " audits" of customers' homes. Also, the OPPD toured the coal fired plant the following weekend.

" Energy Rush flours' program was again implemented Purchasing procedures were strearnlined in 1979 during the summer of 19?9. Customers wert asked to to improve the efficiency in the Staterial Slanagement shift usage of electricity on hot summer days to off-Division. Implementation of a transformer evaluation peak hours.

program during the year will ensure that only the most In addition to these two specific programs. District efficient transformers are purchased in the future at the representatives conducted numerous classes through-lowest possible cost, resulting in the lowest lifetime out 19 9 cmphasizing the benefits of energy conserva-cyc!c cost. Tests were also conducted in 1979 on au-tion. More than 53.000 people were reached through tomated purchase order follow-up procedures. These classes and other programs during the year.

new automated procedures provide a better service in all instances. District energy conservation ef-and significantly reduce the man hours involved in ac-forts stress the wise use" of energy with the ultimate complishing follow-up purchasing actions.

goal of delaying the construction of costly generating Both federal and state legislative affairs involving facilities. Such delays will play an important role in the utility industry were watched closely by the Gov-helping to keep area electric rates down.

ernmental Affairs Division in 1979. L'nder the direction During 1979, the District's data processing of the legislative Committee of the Board of Directors, capabilities were improved with the purchase of an a working relationship continued during the year with 1831370/3031 computer. This new computer provides state and local governmental bodies.

faster and more efficient handling of more than 30,000 inquiries made daily throughout the District. The pur-chase of the computer mil result in long-range savings g

to the District.

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A concerted effort was made following the Three Mile Island accident in Alarch to provide the people of Southeastern Nebraska with complete and accurate m-Daniel D. Kelly formation about nuclear generation. That was ac-

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Corporate Accounting. Corporate equipment. Implemented in 19'8. the Forecastmg and Analpis. Finance, Finan-program was expanded in 19 9. Initial cial Auditing, and System Planning are the reports indicate productivity has five divisions that make up a group increased in areas where it has been headed by Eldon C. Pape.

implemented.

One of the group's major projects of An automatic electric service bill 19?9 was the revision of meter reading routes payment program was started in 1979. The program throughout the District's service area. This project was allows customers to automatically pay their monthly initiated to improve meter reading operations to electric service bills through their bank accounts.

estabhsh fewer, more balanced routes. and to ensure Nearly 15.000 customers were participating by the end flexibility for future expansion. The change, which of 1979. The automatic payments create a more evenly resulted in a nearly 12 percent reduction in meter distributed cash flow for the District.

reading routes. was implemented in January 1980. Ini-OPPD borrowed $30,000,000 from six barks in sial feedback indicates the goal of increased operating early 1979 to help pay a 535.500.000 lawsuit settle-efficiency will be achir ved.

ment with the Nebraska Public Power District resulting Another important project this past year was the from cancellation of contracts to jointly build a second voluntary experimental load Management Program de-nuclean unit at the Fort Calhoun Station. The remaining signed by the System Planning, Division to allow OPPD

$ 5,500.000 was paid from internally generated funds.

to monitor and control customer use of large electric The District obtal:w d a new 530.000.000 line of appliances during peak demand periods. De purpose credit in 1979 from a group of midwest banks. His line of the program is to determine if load management of credit guarantees that the District may borrow practices can control loads sufficiently to delay con-short term money in all markets for general corporate struction of additional generating capacity.

purposes if needed.

The Dhtrict's 25 year peak demand and energy In an effort to explore the use of alternate energy forecast study was revised during 1979 and reflects an sources. OPPD applied for a 54.800.000 Department of expected growth rate of 2.4 percent tnrough 1985.

Energy,trant in 1979 to install a 2,500 kilowatt wind compared to approximately 7 percent in the early turbine generator. The application was subsequently 1970's. This change is a result of increased customer denied. but the District was informed that it would be a conservation and a slower population growth. Accord-candidate for future wind turbine sites.

l ing to the new forecast. system requirements are ex-pected to be 5,500,189.000 kilowatt hours in 1980 and

',444,380.000 kilowatt hours in 1990, compared to 5.410.088.000 kilowatt.bours in 19'9

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A corporate model, developed during 1979 by the l

Corporate Forecasting and Analysis Division, will be Eldon C. Pape used to project the District's financial needs through

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1994. This modd provides a forecast of operating revenues and operating and construction costs and will sene as a guide for planning the efficient operation of the utility in the future.

In a continuing fight against inflation, OPPD ex-panded its ubrk Force Management Program during 1979. The purpose of this program is to maximize the use of all District resources. including personnel and 10

o l r Environmental and Regulatory Af-trict's largest generating unit, was com-fairs, Furts. Production Operations. and pleted on time and within budget. De Projects and Construction Divisions unit produced its first kilowatt cf elec-worked closely during 19 9 on maior tricity in May. lt generated 1.083.744.000 projects at District generating facilities.

kilowatt hours during the balance primarily the nuclear powcred Fort Cal-of 1979.

houn 5tation and the new Nebraska City Station.

Two significant problems developed at the Ne-The Fort Calhoun Station and its stati enjoyed a braska City Station during 19~9. In October, a fire in remarkable year in 1979. For the first ten months of the the coal-handling area caused an estimated $1,000.000

> car, the nuclear plant had the highest capacity factor damage to the bucket wheel reclaimer. Insurance cov-rating of all nuc! car units in the free world. According cred nearly all repair costs and the bucket wheel re-to Nue/nmics h*. an industry publication. Fort Cal-claimer was returned to service in March 1980. Sec-houn produced 95." percent of its rated capacity for ond, the electrostatic precipitators, which collect ash electric generation ( rated capacity is the power level of particles from the combustion procen. have not been the reactor which the unit is designed for under cur-functioning according to design. As a result, emissions rent operation conditions). The average for the rest of have exceeded clean air standards established by the the free worldi nuclear plants was 55.7 At year.end, Environmental Protection Agency. OPPD will continue the Fort Calhoun unit was ranked number three out of to work closely with the plant contractor and consult-l'9 units in the free world. This record was achieved ing firm to correct this problem as quickly as possible, despite two shutdowns late in the year. De Nuclear Keeping the Nebraska City Station supplied with Regulatory Commission (NRC) ordered a shutdown in low sulfur coal is in itself a monumental task. The Dis-November for inspection of feedwater lines for cracks.

trict owns two 100-car unit trains which travel con-Thirty three units in the nation were shut down for the tinuously between the Wyoming coal mines and the inspections. De Fort Calhoun 5tation was given a clean power station. fly year-end. the coal pile at the site had bill of health and returned to service one week later.

grown to 'IS.000 tons, a supply which would last five The unit was taken out of service again in December months if no new supplies were received. OPPD has for live days to replace faulty reactor coolant pump secured contracts for coal supplies through 199H.

seats. In January 1980.the unit was shut down for ap-Scheduled meintenance was performed durirg prmimately 10 weeks for scheduled refueling and 1979 on the 131,000 kilowatt Unit No. 4 and the maintenance. The newly loaded teactor core has suffi-219.000 kilowatt Unit No. 5 at the North Omaha Power cient fuel to operate the plant until spring 1981.

Station. Iloth units are now back in service. Past per.

The District sought NRC approval in 1979 to in-formance has shown that the District's scheduled main-crease the output at the Fort Calhoun Station approxi-tenance program extends the useful operating life of its mately ? percent. To accomplish this, the fission proc.

coal fired units.

cw would be increased 5 6 percent and the tempera-ture in the reactor coolant system would increase three degrees. These slight increases would provide sufficient heat to increase the unit to its design capacity of 490.000 kilowatts. Since 1974, the unit has b'cen ht[v optrating at a capacity of 457.000 kilowatts. The addi-Theodore E. Short tional 33.000 kilowatt output would save OPPD cus-tomers nearly $3.000.000 annually in fuel costs.

On July 31. OPPD conducted its annual emer-e gency drill at the Fort Calhoun Station, working closely with the Nebraska Civil Defense and under the watchful eye of the NRC. In September, the NRC announced that Nebraska's emergency plan had been approved.

The 575.000 kilowatt Nebraska City unit, the Dis-l 11

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Net Receipts and Debt Service Coverage for the five-year period ended December 31,1979 l

1979 1978 1977 1976 1975 (thousands)

Operating revenues

$194,087 5147,116 S131,805 S120,576 S105,660 l'

Operation and maintenance expenses 111,756 85.979 64.230 66.482 55,325 Payments in lieu of taxes.

5,252 4,836 4,428 4,224 3,763 Net operating revenues 77,079 56,301 63,147 49,870 46.572 Investment income (1) 4,386 4.333 4.062 3.066 1.569 Net receipts S 81,465 S 60.634 S 67.209 S 52,936 S 48.141 Total debt service (2)

S 44,772 S 30,613 S 32,391 S 31,710 S 26,589 Debt service coverage 1,81 1.98 2.07 1.67 1.t.1 (1) Income derived from the investment of moneys in the Debt Service Fund and the Raserve Account of the Electric System Revenue Bond Fund under the District's bond indentures (Resolution No.19 and Resolution No.1788).

(2) Total Debt Service for both Resolution No.19 and Resolution No.1788 Bonds is accrued on a calendar-year basis similar to the computation of Net Receipts. Interest funded from bond proceeds is not included in Total Debt Service.

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W Left: Meter %uve.5kif,3 rugger and Larry Larse=*,ht s in : ons Analyst flarold

'~T Euc'ar. v. p, togelber to reorganize the c-l Distri. rneu. Aing routes in 19'9. Right:

Bill Crves, an Iristryment contml technician x

$h*, ! : ~'_.,,]J.m p'

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- - ,- Q-\\ k the current operating capaat; of fix coal fired plant.

12 i

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m Fhiancing Auditors' Opinion

?

i in December 1946, the District funded the purchase of Omaha Public Power District:

the Nebraska Power Company with a bank loan for We have examined the balance sheet of Omaha Public

$42.000,000 Resenue bonds were issued in February 1947 Power District as of December 31,1979 and 1978 to pay off this loan. Since then, 51,357,200,000 of and the related statements of net earnings and accumulated j

additional revenue bonds have been sold.

earnings reinvested in the business and of changes i.i The District retired 59.550,000 of revenue bonds in financial position for the years then ended. Our examination i

19 9. These retirements bring the total of bonds redeemed was made in accordance with generally accepted and refunded through December 31,1979, to 5508,270,000, auditing standards and, accordingly, included such tests of leaving an outstanding bonded debt of $890,930,000 the accounting records and such other auditing pro-at year end.

cedures as we considered necessary in the circumstances.

In March 1979, the District drew down 530,000,000 in In our opinion, the above-mentioned financial statements notes from the 540,000,000 Continental Bank revolving line present fairly the financial position of the District at of credit. These proceeds were used to pay a portion December 31,19 9 and 1978, and the results ofits opera-of the Nebraska Public Power District settlement of the Fort tions and the changes in its financial position for the Calhoun No. 2 project litigation.

vears then ended, in conformity with generally accepted OnJune 1,1979, the District's 530,000.000 1976 accounting principles consistently applied during the electric revenue notes matured and were paid from period except for the change, with which we concur,in operations according to schedule. When the Continental 1979 in the method of accounting for unbilled revenues as Bank revolving line oferedit agreement expired onJune 30-described in Note 8 to the financial statements.

1979, the District established a three year agreement commencingJuly 1,1979, for a new revolving line of credit DELOITTE ilA5 KINS a SELIS in the amount of $30,000,000 with a group of banks.

Since the original purchase of properties, gross additions to utility plant amounted to $1,258,046,168, and cash Omaha, Nebraska and other net assets have increased by $173,585,683 February 25,1980 Property retirements during the same period amounted to

$HI,170.258. Earnings reinvested in the District increased to 5311,742,229, an increase of $25,741,226 over the 19 8 3 car end financial statements. This increase includes 56,600,000 of accrued unbilled revenues recognized by the change in accounting principle employed in 1979. At December 31,1979, total investment in utility plant amounted to $1,167,443,700.

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qN.g<@--M" i M 3[J4;% ProceedsL 60inisale or rim,edustianiti$6RoducWin of1ong-terin'WWJ,

~7 q@KGS,998eg.%

eM 16b

, W; w# win con.,oeno,, rundqw.g u ee,oceedo

,s so,, ne.no,u,, ma.g% ' r 4 a c

p w gs,. P gw e7W N systern ne.nue sons eund(net on: ssee J. W e m, m-.%,3 p,*;l_.e w.&w"2((yppQ}%,t w q L %g gh &

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g i~1 N6

$'50 M fp $(43d36K d

$MWO$$5f$M h/MM$$h

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~

Mfk $

.uge o%y.s.am mm mA:^ mg,.4 e

h e.w. m s. %. v ; y s gm hd.e$$@y Wg.:g,.wh=NhM i4QN.

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L., J,, x; %. m ~..,s.v u J m:c. A

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w...a

.-,. s Directors on February 16,1977. On April 12,1979, tne r

rr '

• . r

,-..n y; Board of Directors adopted a resolution which authorized n,-------,

,1 1 k '

. and directed the amortization of the finally-determined Organization, Business Etc.L costs of Fort Calhoun Station - Unit No. 2 over a period Omaha Public Power District, a' political subdivision of.- - of ten years, commencing April 1979.

i the State of Nebraska, is a publ.ic utility engaged solely in the generation, tran.', mission, and distribution of Deferred Major Maintenance and electric power and energy and other related activities.

Refueling Costs necessary thereto. The Board of Directors has the Costs of refueling the nuclear reactor, costs of authority to establish rates. The Distnct is not liable for.

. unusual maintenance undertaken during the refueling Federal and state income or ad valorem taxes; however, -

process, and additional production coste arising during payments in lieu of taxes are made to various '

. periods when major generating units are out of service i

for major maintenance or refueling are amortized over local govemments.

Basis of Accounting the following fuel cycle.

. 3.m _g p.gs,,

- The accounting records of the District are maintained 4,& t L/ e.a.A,...L,J.ba.LM.;-

generally in accordan with the Uniform System The District utilizes proceeds of debt issues primarily Accounts prescribed by the Federal Energy. ' Eof n l.]f, jn financing its construction program..

_f.

' [ O5 M ResWbns -

'(

' Regula'ory Commission.

Accounting for Revenues

,3

% M'* ?.

. The District's bond indentures and note agreements.

Meters are read and bills are rendered on a cycleM@uprovide for certain restrictions, the most si basis. Revenues eamed after meters are read are '

which are: -

.w

~

r' estimated and accrued as untiilled revenues at the end' Y.C b ', Additional b' nds may not be' issued unless s-o

. of each accounting period (see also idote 8). Prior to. < v<

r.a 1979, revenues were recorded in the accounting pe.riod <:;. y e estimated net receipts (as defined) for each future e r 6

xu. s. m.

' year will _ equal or exceed 1.4 times the debt service

- v.

during which the meters were read. - ua '-

y y on all bonds outstandmg. including the additional h

~ Capitalization, Maintenance,'EN.U,%.' 9,' IN S bonds being issued or to be issued in the case of a t

i f The costs of property additions, replacements of units f K power plant (as defined) being financed of property, and _betterments are charged to electric plant.( F j in increments.^,.WQr %

,j f.il ' : Maintenance and replacements of minor items are : "W"A W > a+ mo<unt at leas't equivalent to.12h% of gross 3% ' W -

M An--.

~

charged to operatinn expenses. Costs of depreciable 0 Ju r Ne operating revenue (as defined) must be spent

-.,. units of utility plant retired are eliminated from. utility plant aw m

-. accounts by charges, less salvage and plus r.emoval.o Ws - annually *or maintenance, replacements, or additions w

+-n e.3. f

-, to the'e.lectnc.~ system, or if not so spent.is to be Ar.

,m a expenses, to the accumulated depreciation accounte_;n c laced m a special fund to be used for such purposes -

@y;'.. An allowance for fund. s used, approximating theie

- p a-s e Distn. t.s current cost of capital, is charged to vm. e;x..aa.g. w or for retirements of ongmal bonds (as defined) m.

rm M$F; mb.y p

"& s..h G-construction.and nuclear fuel.sig3,@hhh;&Miadvanc6 hWg*iodj c

~

i pop,,c d N M $ $

hild anf threNear per f[d{D

@N epreciation is compuled on the idraiglit litiettiisis'at V $10 in omejas denne@ nwst be spent W i

mw tes based on the' estimated useful lives of.the vanous neNace replacements, renewals, or additions to the electnc, -

m m.ra 1

ny denciencyis to be spent wMn two yearsy h9 rhaas of property. Deix=.64vn averaged approximalefhMaystem.A.

ON 3.7% and 3.6%'of depreciable property for the yearshg us.%%

ed-for. bon a

M4 ~41979 and 1978, respectivelyg%..tj;.-3,r Q, m :p.gmggr

%gu n;

.o y.3, r

.w y

g QWGA,T,e,h.R.n of nuclear fuelis based upon the costgMProceeds~cf.anyl sales of. electric utility properties (M 4,; j,thereof, including current estimates of future nuclear fuelM@#0 and proceeds from insu 4

i disposal costs, etcl, as adjusted during periodic reviews;M such property are to be'used for additions or

^

~

this cost is prorated _ by fuel assembly in accordance withy 7the thermal energy that each assembly produces.$4@ %yimprovements to the electric system.o gj

g', cDeferred Financing Coote'yy@$C%y@gg%'r%@q n p y, in advance'of m retirements j

q p

y WRAsturftlesEW MrM.T Fnv.p y m D~ M. ME I g,

m,

w. nm

u?

.gf hyp

qu; 7. ? Debt discount'and expense 'and amortizable. charges %KMatunbes of electric system revenue bonds"during @C

- relating to refunded debt are amortized. ratably over the Mythe years 1980 through 1984 are as followsN nMQ

~

y g M Dic 4 ;D.,, Q, m( N.,... % w... A.... m WQQC.My,,

Jtexms' ands) C,,

^ -

m.. ? lives of.the issues to which'they porta,m.QS@a,dg?,A e-MgM., 4.,G,..

, e

....r..".~...g 'g.gjg W.

W_ ' a Deferred Project Coste @ee.d. W 3. w mM9k.

.m u

%:t. Fort Calhoun Station - Unit No. 2 ep M,gg

.id.d.ml.o.,.510.290 %-

m g

%g16 costs ansmo tram the termmatiort of contractsh.ena ts82@4pNdh.:de.4......st1,590 N7relat M deferred until commencement o'lplan'of amortization:In Q 1984 y S

.g.Q.'iQ '/.f +$13.155 9j M accordance wini a'resoluson, adopeed by the-Board of1.j.$@m l

M nummmw.yw,mam m

enwey n.

_hh_h _k _Nn-.M

=k_NM. 8,b~_, h b. Sh_MI,W$b_.?<h[d ffY[_[Y h_M

~

- + ~. -

c~

7_-.-

n

,4 3 7g;q,,,., g.,g m m y 7

k

< v%

y[

fp $

d.

h

( hbfhkf;p.y y:y) k w, og;. c. g g y 4 n;csc mM A,7.gf gdi.g& gyp %y,yg ;.wyp,w&M7 y

y%p..w

> v

,2

.. ;n a %

wn w

w uu, s,pyn-m.

&:v,xnw m w w x, m, m m u m m:u w w w.g n m y n 7.-

wm n..

c e..

n

... ld. :

- ' TM.g, p~W,,..,.. w.- -'"& ggegyf gg:2+ nSocial SicurityiGenerahthe'plinirovides for benefits U '

. n.

~

w-c.-e r x + ~ m

-.iny-

,h NielectridreWri6dTdteir'ridttYeiMindh!f2."1982.S3irsgs 65%ithfreituc4if beri fits f&esrfie E'

T b ' and bear interest at a rate equal to the lesser of _8% or Ef 67%% of the prime commercial, rate of the maior @h)frovision;is made annually fo t

g"e Q(Mfy.Wp' fund pension costs accrued. ; w JM1979 and 1978, resp{

t ending bank.mn%

to ^

u $ un y Y C u.

%g i

(

Revolving Credit Arrangements. :

, y. 4 w g; in MaY 1979, the District authorized an agreementw@gM.gmg%:3.g.;g.Q49.g,y

" =

wI-.n't.' v:.*..=. : :.n: - p~9. M-S

with several banks for a revolving credit arrangerrent.M; y'MThe District's Construction, Budget'provides~for90yp e

i g-1 1The participating banks agreed to loan to;the Distnct Qfexpenditures of approximately $36,968,000'dunng.1980g,

l' ' ' lesser of 6%% or 62%% (for participating Nebraskaf t.;$ approidmately J

y^ < the pn. banks) or 64% (for participating out-of-state banks).of;M. December 3t1979J.y 'e,2lt 'W j

me comrnercial rate of the major lending bank;yQ.

Coal supply contracts xtend to 1884 (with' options to W r No borrowings were.made under this agreement through M@19 February 25,1980.(...Wi 6 jdR.WMd1998 for the Nebraska City Station -- Unit No.1%f.

wg..,5 g 4 Eh.4 YN O t 7^1MM;Mmsmurrt future payments amount to $16,603,000 for% s,

~ c b. J J

,A,*a

.. u. t

.J

~

The assets of the spectal purpose funds of the Distnct 49M North Omaha and $152,130,000 for Nebraska City. Thei 7

- il A

-(Construction Fund, Elecin,c System Revenue Bond.. %s % coal contract pnces are subpora to seralatnn. besed u' pon.M'

~

4 mp 'the' suppliers.msts.a,%=y e, w.e# sMy # u y rt g

+

~% vm (consisted primarily of securities of the U.S; Government w$130,118,000 are Contracts witit estimate'd future payments oH" o-e*

m p.,.~

• %* s Sp m ellect fornuclear.fueltln ad t on a; e and related agencies, stated at amortized 'ccet which = dmntract whh h M Stah WMEhwgyd, #e

- approximated market; a. nd,the remander,was cashz% e s.

m s.vwith esti. mated futura payments of $478,000,000 tor, ther y"

e w. The Construction Fund is to be 'used for capitale#w tfumsshmg'of uraneum enrichme v~

4

. improvements, additions and betterments in andWyc year 2R % r.c#d e*:@g>

3 I

exte'nsions of the District's electric systerntor for# 57m 74gmg *I n + :

N ~ -

NA e

3 4-payment of principaland interest on Electnc System 4/Cy$g $

. g: qa W iyry a.y gMyfg%gg s

t)Me'r trie~prtivleions of the Federal PMAnderson?g Revenue Bonds. M. &M?D ' l; MMfMT!M d

The Electric System Revenue Bond Fundiand Debt Service Fund are held by the Trustees for the retiremen%4ct as amended August.:1h19 thiassessed'for claims in the event of a' nuclear incident M1.

2 of term and serial ~ bonds and the payment of the@b@Mcalendaryear.WMMM;E amounts not to exceed-$10,000,000 inlany related interest.1 t ' ' M. MS MSM

&Pdg$$

The Segregated Fund represents customer deprdlesMliThe Dietrict is engaged.in' routine litigetios incidenta and refundable advances.Y T @gffYRhto ths. conduct of its busmess andlin the"opinion x.- m we,.l m m m N g gly 2 senerat Counsei; trie aggregate amounis recoverabieg;g aww G4 = c c.

r y

7 h f The composition of deferred debits was as followQsU from or to the. District, talang into account estimated b '

y q:..@@WS insurance. coverage, are not material.5 JW $

$ amounts provided in b #nancial state and'j-(see a!so Note 1).,

. g Wn l

l.

, A.f-f ?

A 0 f$ f h W h & W $* $ f h k f $ h f

/

.cf

. ( lp gg(thousands [gggg g-gjggg j

, Amortizable charges relating to d-INI$39 7264 $410727;. < w.%4q u -

c

.e i

refunded debt c.4...L..d.

record revenues in the period during which meters wereg <.

i Deferred maior maintenance W4WM@MRst3 D OMead Deferred project costs-- Fort' C 4 9G MMSpM.WQewenue,to the ~ektent.of ' usage between; ther date of 2%

and refuefing costs;.i.w.,.f mMW25Q5' Deferred mine-site reclamationilJg.Wdt F%p283Wmeterreadingsf c

g5Q1979, the District changed.its method of accounting toMi.P costs (see belowh.

lC. </J.c.W.4:8,000L; Other '..,.. g.3. gy@.g. ;.qqb;.

5.126g2;426Wrecord cunently at estimaied unbited revenue Er change'was prompted by the'inemasmg monetafyI ~

. wi... cza... &;w..a ;.v.zses,e ses.2ssEsignificance of such unbined amounts and was made to!N Cn Februark1579,[tN DisirbNeMewed n6ticagp[beWmaton 'nWenues and spensesATherchange.7. M

' from its supplier under a 1973 coal suppycontract ofpg%

incmased1979 salesa p.W and eamings befom di additional costs said to result from more strin' ent gg#CigS g

cunulehe eWect of a~ change,n accmmting. principle y i

reclamation requirements at the mina site:The Districtif 0MJhe cumulative bWect and its General Counsel have commenced a review'od.pdange i

$$'%g;gQ venuee the validity and amount of the claim is determmed, it is@j%kQ88[Q]Qi the reclamation report and the 1973 contract!When?f Oh,jfg@

g j an*icipated that ths'deferre'd amounts will.tse ratablydMs.MM q

,,. Jw@dmh(et NiatemMts

'aniounts'n thT5978 fir e g[

e

. amortized as an additional cost of the coal to be&JSNI.have'beenJeclassified to conforin.witit the # b M kh h b

[

Substantially all District employees are.d.., he t

i..

w %~.,ay w,g gew snn. ~ w~ e n..g s u sm.w a.

L o

a-m.m

y. yL; n...*%,...

members of McA $ Wh[.W,;yn@

QWQM Wp w

p pge. e v-3 ::Qne p:Ty l

d l

its contributory pension plan and are notcovered by;gd@@MME%)$$wJgcMGkIORT(S.A w 2.s sww w y w^a *w'? QQM.L.gt L.Q%;mla -*mVf1 v.

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im MN AM[rINJN+NG.,,,.,I~. f $95Ms,MbdM&aadinalMiMN: em.mwpq. 'd O N 3 $,4 m-

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@M

,y aMm,rm~ a Ay:w The supplementary information is supplied in M W%qy.1wwg+4.my@@M(rLQ&;%@ raw.g;

.ySti property renect ths. economics the OletrRcr$

accordance with the requirements of FASB Statementy,Operatons, theW No. 33. Financial Reporting and Changmg Prices for the Y purpose of providmg certam information about the e#ectadopset by the gain from theLdecinein purchashg powes@ q of changing pnces. It sf ould be viewed as 'an estimate ot#

Dunng a period;cfJnSedon,t'@

y

the ' approximate eWect otinflation, rather,then'as,ag M holders ~oimonetary_a d

s

, precise measure." g4.pM%N@y%%9 thTpurchasing power whitetholders ofmonetasytetshell

- (TTIUTY PLANT: AND DEPREClkTiON. 4 N

NP*"*"** =*

N

,. MW4

~

(Constant dollar amounts' represent holoric"l costs d purchashg power.of not Mowed.ispetner0f~-

M a

g Ealkhabb m'He substaned arneurd of debt M O

~ stated m terms of dollars of equal purchasmg powes; as,:S benbud b 5 pence J measured by the Consumer Price index for All Urban % %

plant.'Sinos WeiF%-M;.

IU M

Consumers (CPI-U). The'constard dollar cost of the I N depreciahon on this plant a m e to theresonpry r.,

w!

utility plant was determmed by indexing the aging of the.O historice m #w;Diselet doMot hen WW'F6 ! i ??-

. c December 31r1979 balance by tho' average cpi-ULTMEnWed h mellas a hoMn(gaMMM, A F.M M;

electnc plant was aged on the basis of cleanngs fromy,.gg,2 moowrMot sie embedded d'3 ~

pgg gpq g y$q$g /p16hg q q construction work in process to electric plant in servic hggy l

h*y M

ll h

constant dosar met amounts of the.eiectric piant was'gMj gd4 i s

y A gn e#

e deie, mined by appiying ihe Cornpeny pe rates to the indexed pia,n,t a,m. _o,untsJep oop,eciaan w@%

?r.. M.g. %vs s %m.sh ogrrAa.#..wp# @,w.a o

w L

M

.. A g

i INVENTORIES, inm @ (Ap..@n 4.fgMW.q.r ;,id, na,%i Fue

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EFFECT OF THE~ DISTRICT'S RATE STRUCTUREf *,

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. 2 2.... ?\\ her E'S enu'c bonds Outsmnding (in Thousands) as of December 31,1979 1950 ISSUE 1952 ISSUE 1954 ISSUE 1956 ISSUE 1957 ISSUE 1958 ISSUE 1961 ISSUE 1966 ISSUE 196E Matunty Date int.

Int int.

Int int.

Int.

Int int.

Int.

i '

February 1 Rate Amt.

Rate Amt.

Rate Amt.

Rate Amt Rate Amt.

Rate Amt Rate Amt.

Rate Amt Rat; i

1980

-2 750 24 1.800 2%

700 3

700 34 260 3%

210 3%

600 4

520 4%

^

1981 2%

2.100 2h 1.000 3

1.000 35 210 3% 220 3%

610 4

535 44 1982 2%

2.100 2%

1.000 3

1.000 34 220 3% 300 3%

625 die 560 44 1983 2h 1.100 3

1.000 3%

600 3%

680 4%

890 4ts 1984 2%

1.100 3

1.000 3%

600 3%

800 4%

930 4%

1985 3

1.300 3% 600 3%

840 4%

1.000 44 1986 3

1.400 3%

500 3%

1.000 4%

1.040 du 1987 34 500 3's 1.000 4ts 1.150 4%

1988 3%

500 3's 1.000 44 1.250 44 1989 34 1.000 4%

1.400 44 1990 3%

1.000 4%

1.425 44 1991 3%

1.000 4%

1.500 du 1992 44 1.500 44 1993 44 1.500 44 1994 4%

1.500 4%

1995 4%

1.500 4%

1996 4

1.500 4%

~

1997 4%

1998 4

1999 2000 4

2001 2002 2003 2004 2005

{

2006 2007

'i 2000 i

2010 2011 2012 2013 2014 2015 4

2016 2017 Total Out-standing 750 6.000 4.9L.

7.400 690 4.030 10.155 19.700 Bonds Redeemed to 1231l79 6.250 11.000 7.100 7.600 7.310 2.970 6.845 5.300 Orgnal issue-7.000 17.000 12.000 15.000 8.000 7.000 17.000 25.000

• Term Bonds "The 1975 Seres A and B Bond issues were refunded by the 1977 Sm A lesue.

"'The 1976 Seres A and B Bond issues were refunded by the 1977 Senes C issue.

j t

i e

22

e 1977 ISSUE 1977 ISSUE 1977 ISSUE E

1050 ;S5UE 1972 ISSUE 1973 ISSUE SERIES A" SERIES B SERIES C"'

Total Pnncipal Total int int.

Int.

Int.

Int.

Int.

Matun-Accrung Debt Rate Amt Rate Amt.

Rate Amt.

Rate Amt.

Rate Amt.

Rate Amt.

tes interest Servce X) 6 320 4 15 2.690 5%

515 9.915 49 025 58.940 60 6

330 4 30 2.835 5%

540 10.290 48.682 58.972 10 6

350 4 40 2.990 5

565 4 20 900 11.590 48.314 59.904 C

5 80 800 44 3.155 4%

$90 4.35 1.965 12.630 47.891 60.521 0

4 70 850 4 60 3.330 4 85 620 44 2.025 13.155 47.374 60.529 C

44 900 4.70 3.510 4 95 650 4 60 2.295 13.295 46.834 60.129 C

44 950 4 80 3.705 5

680 4 70 2.365 13.840 46.264 60.104 0

4 80 950 4 90 3,910 5.10 710 4 80 1.300 4 80 2 580 14.300 45.664 59.964 C

4 90 990 5

4.125 5.15 745 4 90 1.500 4 85 2.550 14.960 45.010 59.970 C

4 90 1,000 4.350 5 20 780 5

2.000 4 95 2.925 15.655 44.317 59.972 0

5 1.000 5.10 4 590 54 820 5 15 2.250 5

3.015 16.400 43.578 59.978 C

5 1.000 5 to 4 845 5.30 860 5 30 2.600 5.05 3.100 17.205 42.791 59.996 0

5 1.000 5 20 5.110 5 30 905 5.40 3.850 5.10 3.380 18.045 41.958 60.003 0

5 s.wa?

5 20 5.390 5 40 950 54 4.150 5 20 3.620 18.910 41.055 59,965 0

5.10 1.100 5 20 685 5 40 1.000 5.60 4.500 5%

3.720 19.905 40.097 60.002 0

5.10 1.100 5%*

6.000 5%"

1.050 5.70 4 900 5.30 3.970 20.920 39 077 59.997 0

5.10 1.100 5%*

6.330 5%*

1.;10 54 5.350 5 40 4.170 21.960

3..J82 59.942 r

0 5.10 1.100 54*

6.680 5%*

1,1 70

$ 80 7.300 5.45 4.485 23.135 36.824 59.959 0

44 1,100 5%*

7.045 5%*

1.235 5 85 7.900 5%

4.590 24.370 35.568 59.938 44 1.100 54*

7.430 5%*

1.300 5 90 10.900 5%

4.960 25.690 34.252 59.942 5%*

7.840 5%*

1.370 6

12.600 54*

5.335 27.145 32.810 59.955 Sh*

8.275 5%*

1.450 6*

13.450 5%*

5.470 28.645 31.247 59.892 54' 8.725 5%*

1.525 6

14.350 5%"

5.710 30.310 29.597 59.907 5%*

9.205 5%*

1.610 6*

15.250 5%*

5.955 32.020 27.851 59.871 54' 9.715 6

17.300 5%*

6.820 33.835 26.006 59.841 5%*

10.250 6*

18.550 5%*

6.970 35.770 24.054 59.824 5%*

10.810 6*

19.900 5%*

7.140 37.850 21.989 59.839 6*

30,100 5%*

9.885 39.985 19.804 59.789 1

6%*

12.900 5%"

10.780 23.680 17.429 41.109 6%*

13.670 5 90* 11.200 24.870 16.019 40.889

+

6%*

14.490 5 PO' 11.730 26.220 14 521 40.741 64*

15.360 5.90* 12.345 27.705 12.941 40.646 6%*

16.285 5 90* 13.005 29.290 11.272 40.562 6%*

17.260 5.90* 10.115 30.975 9.508 40.483 64*

18.295 5 90* 14.435 32.730 7.641 40.371 64*

19.395 5.90* 15.215 34.610 5.669 40.279 6%*

20.555 5.90* 16.775 37.330 3.583 40.913 6%*

21.790 21.790 1.335 23.125 3

18 040 158.525 22.750 200.000 170.000 229.200 890.930 1.175.833 2.066.763

)

1.960 11.475 2.250 76.270

)

20.000 170.000 25.000 200.000 170.000 229.200 967.200 1

l 23

l l

i 1979-1978 Comparisons OPERATING REVENUES

(

tthousands)

Percent Percent Year of Year of 1

l Olassefication 1979 Totat 1978 Increase Miltons of Dollars 45 65 85 105 125 145 165 185 205 Residentiai

$ 65.388 33 7

$ 60.819 75 1979

' k f

General Servce-Small 49.581 25 5 44.2'7 12 0 me i

i General Servce-Large.

29.249 15 0 24 916 17 4 1977 E

Govemmen: ar 1 Muncipal.

3 462 18 2.541 36 2 r

19 5 Otner Eectre Uteties 44.008 22 7 12 926 240 5 u

g 1

Atcrued Untahed Revenues -

500 3

3973 Total Electre Revenues.

5192.188 99 0

$145 479 32.1 1

M:scehaneous Revenues 1 899 10 1.637 16 0 1971 1

Total Operating Revenues

$194 087 100 0 5147 116 31 9

(

1969 KILOWATT HOUR SALES (thousands)

Percent Percent Yea

• of Year of Miltons of Classificaten 1979 Total 1978 increase Kdowa!t Hours 3000 3500 4000 4500 5000 5500 6000 6500 7000 Rescential 1.835.250 28 4 1.881.529 (2 5) 1979 General Service-Small.

1.666.849 25 8 1.649.361 1.1 General Service-Large.

1 438.732 22 2 1.382.366 41 1977 g'

Govemment and Municipai 74.653 1,1 77.675 (3 9) 1975 Omer Electrc Utikties 1.452 337 22 5 642.399 126 1 l

Total Energy Saes.

6 467.821 100 0 5 633 330 14 8 1973 k

Denotes 1971 Decrease OPERATION AND MAIN ~ENANCE EXPENSES

( %usands)

Percent Percent Year of Year of Classitcaton 1979 Total 1978 increase Millons of Dollars 20 35 50 65 80 95 110 125 140 Generating Espense

$ 77,599 69 4

$ 53.263 45.7 1979 Purcnased and interchanged Power 4.207 38 6.005 (29 9) 1977 Transmisson and Detnbuten 12.786 11 4 11.845 7.9 Customer Accounts.

3 942 35 3.513 12.2 1975 Customer Servce and 1973 informaton 1.653 15 1.594 3.7 Admmetrative and General

11. % 9 10 4 9 759 18 5

997, Total Operaton and Mantenance Expenses.

$111.756 1000

$ 85.979 30.0 1969

( )

Denotes Decrease AVERAGE NUMBER OF CUSTOMERS' Percent Percent Year of Year of Thousands Classdcaton 1979 Total 1978 increase of Customers 150 160 170 180 190 200 210 220 230 Rescental......

185.358 88 6 182.156 1.8 1979 General Servce-Small 23.484 11 2 22.919 25

(

General Servce-Large.

88 85 3.5 1977 0;ner 401

.2 379 58 Average Customers.

209.331 100 0 205.539 18

• Average Total Twelve Montns 1973 l

Ended December l

1971 1969 l

24 l

Electric Statistics 1979 1

1977 1976 1975 1974 1973 1972 1971 1970 Total Utihty Pient, including Nucieer Fuet (at year end)

(in thousands of dollars).

1,167,444 1.072.189 946.864 825.597 652.688 567.704 546.230 504.106 443.212 404.903 Bonded indebtedness (at yearend)

(in thousands of do#ars).

890.930 900.480 890.480 699.344 497.680 334.758 339.668 320.296 155.564 160.132 Operating Revenues ton inousands of dollars)

Residernal.

65.388 60.819 54.392 51.684 45.629 34.153 29.254 26.112 24.722 21.784 General Sentice-Small.

49.541 44.277 41,197 38.592 33.830 25.496 23.364 20.690 18.836 16.662 General Servce-Large.

29.249 24 916 22.217 21.162 17.465 13.741 12.067 10.249 9.661 8.664 Govemment and Muncipal.

3.462 2.541 3.282 3.260 2.917 2.281 2.006

- e.4 1.514 1.375 Other Electre Uhhtes.

44.008 12.926 9.081 4.285 2.890 5.301 4.024 3.697 3.204 J.563 Accrued Unbdled Revenues.

500 A scenaneous.

1.898 1.637 1.636 1.593 2.929 2.099 1.654 1.554 1.262 1.059 Totat.

194.087 147,116 131.805 120.576 105.660 83.101 72.369 63.966 59.199 0.107 Operation & Maintenance Espenses Charged to Operatione (in thousands of dottarsJ.

111,756 85.979 64.230 66.482 55.325 41.320 43.056 39.298 34.470 30.784 Payments in Lieu of Tases

(#n thousands of dollars).

5.252 4 836 4.428 4 224 3.763 2.904 2.619 2.345 2.209 1.964 Not Operating Revenues before Depreciation (in thousands of dollars).

77,079 56.301 63.147 49.870 46.572 38.877 26.694 22.323 22.520 20.359 Not Earninge Reinvested in 8usmese (sn thousands of dollars).

19.641 19.301 25.246 18.214 18.386 13.385 13.228 11.409 13.602 12.729 Kilowett Hour Sales (in thousands)

Residenhal.

1.835.250 1.881.529 1.717.117 1.665.518 1.674.761 1.507.187 1.486.826 1.363.492 1.275.402 1.218.363 General Servce-Smaa 1.666.849 1.649.361 1.580.095 1.500.223 1.437.146 1.362.698 1.473.943 1.400.564 1.285.791 1.203.029 General Servce-Large 1,438.732 1.382.366 1.302.821 1.270.736 1.163.250 1.140.723 1.030.553 942.236 927.583 929.419 Govemment and Munceal.

74.653 77.675 127.367 144.932 134.176 133.703 126 973 121.233 119.182 109.571 Other Electre Uhhtes.

1.452.337 642.399 491.884 229.073 219.924 554.713 534.645 491.894 498.840 510.749 Total.

6.467,821 5.633.330 5.219.284 4.810.482 4.629.257 4.699.024 4.652.940 4,319 419 4.106.798 3.971.131 Number of Customtre laverage per year)

Residential......

105.354 182.156 178.259 174.331 171.239 167.843 163.320 157.662 151.834 147.598 General Servce-Small 23.484 22.919 22.250 21.824 21.387 21.261 20.445 19.676 18.920 18.539 General Servce-Large.

88 85 80 84 85 80 252 322 341 329 Govemment and Munccal.

386 363 363 351 331 321 282 253 240 220 Other Electre Utshtes.

15 16 12 10 9

11 9

9 9

7 Total.

209.331 205.539 200.964 196.600 193.051 189.516 184.308 177.922 171.344 166.693 Reesdential Statistics (average) kW4 Customer....

9.901 10.329 9.633 9.554 9.780 8.980 9.104 8.648 8.400 8 255 Dollar RevenueCustomer.

352.76 333 89 305.13 296 47 266 46 203 66 179 12 165.62 162 82 147.59 Cents kWh 3.56 3 23 3 17 3.10 2.72 2 27 1.97 1.92 1.94 1.79 Generating CapabHity (at year end)

(in kdowatts).

1,960,000 1.382.000 1.373.700 1.371.700 1.411.000 1.411.000 1.492.000 933.000 825.000 843.000 System Peek Loade (sn k#owarts).

1.265.200 1.257.300 1.222.900 1.188.100 1.134.000 1.117.000 1.058.300 989.900 913.000 859.800 Not System Requiremente ikkwatt nours un thousands)

Generated.

6.823.834 5.538.844 5.631.403 5.092.064 5.023.719 5.773.486 4.446.964 3.561.731 3.269.390 3.379.676 Purchased and Net interchanged. (1.413.746) (163.599) (586.776) (165.542) (310.093) (1.332.610)

(19.094) 578.204 585.237 314.856 Net.

5.410.000 5.375.245 5.044.627 4 926.522 4.713.626 4.440.876 4.427.870 4.139.935 3.854.627 3.694.532

( ) Denotes Neganve 25

~

l Division Managers

?'

Nuces I s P >]e t and Cc te nmen al fairs F n n tal Audi I tg C t ser j

operations Construction h

k lYu[....}4$

k-)

I

.A i

n 411tiam C. Jones GeraldJ. Krause Robert C. Learch John W. Marcil 41111am E. Miller Production Operations System Planning CorporateAccounting Fsnance Engineering RE EE Fred M. Petersen Allen W. Riggert Richard T. 5petman Wayne Steele Frank A.Thurtell Public Relations Employee Relations Management Systems MaterialManagement Ent ironmental and Sersices Regulatory Afairs l

26

Mid-Continent Area Power Pool (MAPP) omaha Public Power District is a charter member of the Slid-Continent Area Power Pool (31 APP), which s

covers eight upper midwestern states.

The transmission systems of the AIAPP members bring increased reliability to the electrical system of each participating niember. While each system is responsible for its own j

needs, SIAPP ccx>rdinates the plans and operations of the individual.\\ LAPP systems to assure regional reliability and adequate service to all.

LEGEND i

,/

- High voltage lines i

/

• • • Interconnection with adjacent

' * * * " *i

/

utilities' high voltage lines Omaha PubliC Power District Service Area: 5,000 Square Miles The District serves 550.000 people in all or part of 13 counties in Southeastern Nebraska. Electric service is provided to the following 47 incorporated communities at retail:

Alvo Elmwood North Bend Arlington Fort Calhoun omaha Ashland Gretna Papillion Avoca tierman Peru Bellevue liooper Ralston Bennington Ithaca Rogers Boys Town Kennard Rulo Burr LaVista South Bend Carter Lake (Iowa) Leshara Springfield Cedar Blutis Louisville Valley Cedar Creek Stanley Washington Ceresco Stead Waterh>o Colon 31emphis Weeping Water Cook

.\\lorse Blutf 41nslow Eagle 31urdock Yutan Elkhorn Nickerson oPPD also serves Blair, Elk Creek, Greenwood.

Syracuse, and Tecumseh at wholesale.

l l

l t

A business-managed, publicly owned electric utility.

An equal opportunity employer.

I l

l