ML20062B461

Taunton Municipal Lighting Plant,1989 Annual Rept

ML20062B461
Person / Time
Site:	Seabrook
Issue date:	12/31/1989
From:	TAUNTON MUNICIPAL LIGHTING PLANT
To:
Shared Package
ML20062A991	List: ML20062A987 ML20062B447 ML20062B454 ML20062B457 ML20062B461 ML20062B465 ML20062B469
References
NUDOCS 9010250076
Download: ML20062B461 (24)

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,h alwCus.4 krmsedasstik<rmiwr M PMakirm.aruddwrrlarcJaawmentse4rarrwwt rememlearn-eenanJiaJrflems A-vn warsth.5,oulrJ Tlevtannn ratovrireursaredreersprmselidry(derPfipwi tI merag,m,tr ora trynosul krs or n orrns er<penreno dwvtemun ut staements lanwdem oesv err &rt Einnha srJess emirts m an n edarn e wstir avwmfr em t ryvedurafttreg venlamit Thnr seumIerds ervenredsar ne;4merd vrArm dwar.Jur er, dvarr eravmulkesumanrahe.f udwderrderfwemmwr!3sesr-i 4

h ments arrIrer< 4 marernalmentaronent. Art asedit um fredo namenew. < nr a ws htsus endems sussewt dw erneers,arrdJrse &nen m Iwtrenonsduntern,et Anarnlutafuermhnlesasessewdereennrees f

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uatementprevntarner. %Iwlweresearnhtsim esdea reaumalk krsesf reevepeer.

A s Jeu 1;wdert ru u E Duern=r WmpdInfrenug %rt m endspenureroper wtwwJewratumrJe Jerermwwdhs rIn Cas uferras c4wm#vairrveda n serrergrranirks rryrce riw avefa tuarialmedents urt Jetermonrng antnealgwnskwr ogvnv. Tiw elfes t enu alw funamrat uaremorts dme usmg e< ttuursal merin nis ian s ra e lren deter mawd Irr aJJern er. e rrtam dru k,uers requerd hy dw GenvrnmensdAr tseeeew Srandanfs II, unterlarmg tngwersawrs frene hvvr **mtwd.

ht ene,ymnr. e uvys p r dwethi t *"t #wfiennu mi natenn,rts 4 dw aan eeennep in, Jr sn uwdm tine rmrdmgivmengdr. tivIrrumaal varornvits trAv rrds o al= nr. rrrvnt heir m a#matertalrrstvets tlw tennu salp~rk"r*4 Lamn *r %rr< rrullmfureux %rrau 4 tke rmtwr u rmand rm.amidw eruks et ars asvmin nus and urs ca Jr 1lems fa e due wan dwn ernieJ m a rrh emery a sahevn,uGs na crerJan nemrirw pren1rdrs li.nt.nr..t L wa hre wris felwrears3\\ PMt 3

Y 13 Y

<~

J s

Ns BalanceSheets Assets Iksrrnix r 31 -

1989 geog 4

Utility Plant-At Cost fL ntin w n k e

. $71.319.992

$68.991.569 '.

Erssauuniulaint deptn satmin hune A2).

40.020.296 37,ht2.3 te 7 Net utility plint in senite 31.299.696 31.609.259 Comaruction wus k in pnpos trune E) 5.994.802 4.945.176 Elemlandityplant 37.294.496 36.554.635 Deprwsaton Furallewnes A2 anal EU 13.503.660 8.075.68I Skk leaseTrust Furaltruwe AS) 1.828.268 1.585.139 Defemd Debt Advarxe to Quebec Hy dru Projet1 (imte E) _._

369.546 707.644 Cunent Assets Cash (note B). _

2.935.719 5.241.2II CussornerdepositsIrmte Bl Interest tural.._..

27.098 42.157 Pnrxipalfutul 304.063 314,2As Account $ rwenable.less aEmarse for sloubtluianuuntsof $540.446 avul 5491.245. scspettisely 4.40tt.697 3.664.5W Materials aral supplies ienenson t rade A4) ~

l.906.305 1.545.349 Perpaid expenses 275.517 168.949 Totalcunen: assets 9.857.399 10.976.564

$60.853.373

$57.BW.591 l

l r

l4 IIw a a en;werr.og m es an ao nukxr.dpre <4 olww swom ut, t

I l

I

sid

-. 3 l

--~

f x._

BalaireSheetsCmlirnd Retained Earnirv and LiaNiities thumirt il

~ 1999 lewi8 Retainedcarnings Appiopriataleetairnsiearnmp Loans trpasment 513.512.000 512.9w2.000 Cemsenxtirm trpasmeni 32.434.

32.414 13.544.434 13.024.414 Unapprvpnated retamed earnings 22.454.740 19,576.181 Totalretainedearnings 35.999.174 32.MIO.BI7 temg-Term Debt (note C) 14ormis payalde __ ___ _ _.

19.093.941-19.662.294 Curvent Lambilities Ammmts payable 2.220.000 2.327.400 Customer depec.its 304.063 314.288 Cunent maturitiesoikmg termdebs(rumeCI _.._ _ _ _

565.000 520.000 AnnaxlhaNhties Interest 659.032 674.632 l

Comperwatalabwrxestrade A5) 1.870.752 I.693.577 Pa m Jl 141J29 106.585 Totalcunent liabiltties 5.760.256 5.636.482 Commitments arn! Contingencies (notc$ Eand F) 560.853.378 557.899.591 11va,..mnm w r=vn.ew.mmimurgurt,vity wt 15

. -- ~

~

O

(

'f y

\\

tr.

Statementsof Earnity br coulall'etemlo 31 1989 11W Operatingrevenues Niesof riet towits Coeunwrti.nlaimliralustatel 518.657.504 518.264.es2 Reudential 12.019.172 11.167.550 Selse kw res. ale a su ne li) 8.446.884 7.213.999 temenripal 1.336.882 1.514.498 f

40.460.442 38.159.229 f

Otheroperatingiesennes 123.029 113.394 is Totaloperating revenues 40.583.471 38.272.614 -

Operatingexperises j'

Ptmer production 24.595.480 22.787.384 Tranwnission and distnbutnin _

1.648.732

1. % 4.564 Customeracmunting. _.. _.

1.021.427 1.018.115 Admmistrativeand gerwral(ruAes Aland A5) 4.068.403 4.221.821 Ikpreciationlimite A2) __ _

2.723.623 2.e09.217 Totaloperatingexpenses _ - _

34.057.665 32.141.123 Eamings frum operations

~. _ _ _

6.525.806 6.131.498 Otherexpense(income) i Interestexpenwonbonds. _

1.548.426 1.585.306 i

Other espense _ __

3.136 12.641 u

(614.113)'

(289.89h Interest income (note B)

Totalotherexpense 937.449 I.308.05%

i Net camings twfore prm kion j

ios pawnentinIwuof tam 5.588.357 4.823.4 %

Piosisiort for pagnwnt auttwrits ol Tauntonin twu ol tawstrane DI 2.190.000 1.770. tam 6

)

Net Eamings 5 3.398.357 5 3.0514k.

1 4

s 16 n,.

..w,,,nme,

.m.m,xmt,u.r.c v u.

_ _. ~...

y

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a o

~

G, x.

1 Salementsof Retained Eamings

~

- A pipulcalRetanns!Fammgs l

s

~*

~_

leurw O weena ein =>

1 Unappmpnosed

• I ku rinfol flearmlrr ll.148'4aimi lun8 Repasnume Rep;nnum Retamed Fm Balarxeat December 31,1987 512.512.sMma 542.414 517.002.947 3

Traswict inwn inuppespiaent ntairasicamitefan.

b 2 ipamxnts 480.sW m) :

(480.1890)

Net camirgs.

3.tP53.436 BalancestDecember31.1988 12.w2.(m ut 32.414 19.576.383 Transfer frum unappnpiatal retained camings for lusx!pasments.

570.000

-(520.000)

Net camings.._.__.__ __

_. ~

3.398.357 Balanceat December 31,1989 _ _..

$13.512.000 132.434

$22.454.748 :

~ Ilw ese s wamtwtretc m atewe ens erretsalpwr e191ww wremms

^'

~

Statenuesof Cash Hows s

Year esuksllhemlu 11.

1989 gqqg Ism ecawiluse.swlinC.s4 -

Cash flows from operating actidties:

Net earnings

$ 3.398,357

$ 3.053.4h Agamenienes toinena de su1 canungs toegs cash pem nialln opt rating atth eties Depreciatson of plans aswts 2.723.623 2.tc9.217 Amortizatie viollwnul gwemium

- (3.353)

(3.354)

Changeinaswisasalli.shihtnm Cus <wnerdepnit turals 25.284 (16.416)

Aucunts atschalde (744.107) 632.661 Imentory (3e0.956)

(186.350),:

Prepaid espenses (106.568) 146.456 Anounts payable.

(107.320) 471.056 _

Customerdeposits._.

(10.225) 21.850 '

Auruedinterest _

(15.60W (14.2001.

Aaruedcom:wmateda6cenes _

177.175 230.057 Aanmipayrull 34.744

.96.77%

Net cash provided by operating activities...-

5.011.054 7.050.6As Cash flows frumimesting acthities:

a Additions to utility plant in wn it e - _ _

(3.463.486) 8.2.615.764)

Irurascin Sitl6 traseTruu f ural - _.

(243.129)

(233.139)

- Adsanceirom(so)Quelo;ilydroPruits-t _

338.098 (707.644 Net cash usedinimesting acthities (3.368.517)

(3.556.5471 Cash flows from Enancingacthities:

Payment ol iw ani pasalde.

(520.0lN))

(480.spets Netincreaseincash I.122.537 3.0I4.141 Cash at beginningolycar -

13.316.842 10.102.703 l

Cash at end ol ycar.

$14.439.379

$l 3.316.842 Cashat endofyearisreflectolon the balance sheet as followx 4

Ikprniainen fue J

$11.503.660

$ 8.075.611 Cash 2.935.719 5.241.211 -

. $14.4 39.379 113.316.842 Supplement J Disclosureof Cash Flow Information.

C.islipijduring thescan fin entriest

$ 1.44.026

$ I.sww 18 Thr u < eeronnmums s.u r.m mwalent.4 dww aarromv-w

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d Aarse f.ecJ A r4 Naer s w.bn eserJwarym wf.f arrafus -*.esm e haw..ws,e 44ar &ms aean =,esr hr v #e deur r4 rw.frme.waren as twporsww.arne n,4(as tra I Raws h,==1pw mrew.,=Inevrv== <newJ..per,.erJ M. f r/w.mr<f ear 4rv #.r.a 14 7%ntienen w Ar. A.=eJpw =r.ers aevessed n A *randetn et r4 atelrew;4a.or we fww eed fuE a

4 wsgnre rA:

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2. 1 s,.

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- C.J.J.p.ed vihe40r..( Knam...newugr4pAmme:.rNc=4r u 1989 loss 1999 1988 Drpen satumitmd

$13.503.400 5 8.073 611 2.935.789 5141.231 -

Nem udcrtMrarmng polalIwnJM

$ 6.677.478 1 9.174.975 Casl= _._-

Consensure drpuutinscrest lural. _ -

27J898 42.157 7 87M s 4 2M testifm ascs ed dep,wr 8.085.314 4.2wn,564 tu,s.nnre dq=,we prwm ipa 4 fund _; -

304 M 3 il411ts Saungs atiuunes 7.748 7.748

$14.770.540 SI16712m7 114.770.540

$11671.287 sm) fea l les ecsren trJe nsaw.=* J parts.( $ 1 AA fef end 520 f.697. orstw em(v-NueeC-tme-term tkbt 4:gorgesenestnestars.4bmn-se "rdebret Drrembre St ercas ham s:

l>ere sermJehrer tke rmiws fi rsumerwrvden tkfu!Lm,ng g,,,,

7 1984 lots twe)

Glo.gew)

I*l 660.orm)

Fleittet tuen. Acted iv I"!

Inecerst eatr oarwnes rates tnen 7V, I*I 78% tot 0 I

to P", d.sted Trinuan I 1970 Irweerst I"4 775cm) p.nable l^t4*uan I and August i Isue f *i - ***I'k*N' 16.2se gpss M e48 euth inani'ulnwn l.1977 eu Hinmigton:een It4wuan 1.2'u*

$17.605.000

$201251ww,

$19 es 94I Iwnu-tired peemmm _

53.941 57.194 19,658.941 20 442,244 i

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