ML20073G812

Annual Financial Rept 1982

ML20073G812
Person / Time
Site:	Summer
Issue date:	04/04/1983
From:	Robert Davis, Mescher W SOUTH CAROLINA PUBLIC SERVICE AUTHORITY (SANTEE COOPE
To:
Shared Package
ML20073G762	List: ML20073G759 ML20073G790 ML20073G812
References
NUDOCS 8304180393
Download: ML20073G812 (62)

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PUBUC POWER 1882-1982 A

ACENTURVOF:s!ESEINICE Completing its 40th year of opera-tion. Santee Cooper joins the American Public Power Association in celebrating 100 years of consumer-owned power production in this country.

The electric l# t bulb - itself a product of the ingenuity, persistence, and resourcefulness of Thomas Alva Edison - has beceme the most used symbol for electric power and the electric power Industry. Edison's light bulb has aim evolved as an equally universal symbol for ideas, creative thinking, and what we call resourcefulness. Santee Cooper is proud of its resourcefulness as an dectric utility and its role in the first century of service provided by America's public owned utilities. Its board and management are commit-ted to provide the resources necessary to continue the same quality and reliability of service which has helped Santee Cooper i

become one of America's most re-sourceful electric utilities.

Santee Cooper is'a major source of r: liable, economic electric power for 35 of South Carolina's 46 counties.

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COVER PHOTO A lack-in-the-Pulpit. Arisaema triphyllum, plant gras in a delicate environment - part of the 2.4Ca acre site purchased by Santee Cooper for construction of a new generating station in the i990's. Pampering that en-vironment and carefully planning the con-l struction that will occur there in the next decade is part of the usourcefulness employed by the company in meeting the growing demands for power. See special feature on ptge 8.

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CHAIRMAN'S MESSAGE Resourcefulness continues to be a As naior shifts in industrial growth in'a chain of renewal which ulti-major stepping stone for man's prog-end activity are made primarily mately results in the harvesting of

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ress and survival.

toward the Sun Belt, a local victim of marketable foodstuffs ornamental History was not being recorded industrial cutbacks searches diligently flowers. and exotic fish that rid when a member of a tribe dis-for new employment.

ponds and reservoirs of pesky

. covered that the burning light that And, as the statistics of jobless aquatic plants.

l -resulted when he struck a certain.

Americans accumulate, a middle-This is just one example of Santee type of rock cculd warm him in the income homeowner. who became Cooper resourcefulness. This same winter and ward off his enemies at

" established" when the economy commitment of getting the most night. Monumental as that event raay was more stable. continues to waste benefit of every dollar earned and seem. this prehistoric harnessing of almost as much energy as he uses.

spent is prevalent throughout the energy was, in simple terms, the use From its beginnings as an electric company, in production, systems of resourcefulness in an attempt to utility which used water to provide operations, finance, engineering. in-survive.

electricity Ic5 its traditionally dustrial development. commercial And throughout the biography of agrarian service area. Santee operations, and other areas depend-man the undercurrent of survival Cooper's relatively short history is ing on effective use of human and has flowed between people and one of resourcefulness.

man-made resources. our employees resources.

In its use of America's most abun-have maintained efficient, creative.

Millions of years later, with South dant energy resource. coal. Santee and productive operations. The Carolina's labor force severely Cooper has taken advantage of a results have been an assuring strained by economic depression in source of power which remains one reliability and quality of performance the 1930's and the nation on the of the most economical methods of to meet the needs of customers and brink of war, a project was created producing electricity for its provide a major source of energy for to use existing water supplies in elec-customers. Company-committed coal continued economic growth and trifying a portion of rural America.

reserves and company-owned development throughout Santee Vital to the Santee-Cooper Hydro-railroad cars are key planning. pro-Cooper's service area. For Santee electric and Navigation Project were duction. and financial resources that Cooper and its employees. the major the thousands of we,ikers who follow the fue!-to energy cycle from stepping stone for this success has placed themselves between earthly the mine to the meter.

been their resourcefulness.

resources and the concrete link Yet the job of a lump of coal is not As you will find h this report. it is which would ensure their economic completed as it is consumed by a an attribute which appears in each survival and help our national furnace. The main by-product of this facet of the company's operations.

defense.

combustion. heat. has become for as if a reminder that being born of we in the United States again face Santee Cooper another resource link resourcefulness creates a constant ef-the c.gre of economic instability. It fort at finding new methods of carry-is an ogre which knows no social g

ing on that legacy.

We are proud of Santee Cooper's limitations.

contribution to our state and nation As a multi-million dollar airline slips l

into the abyss of bankruptcy. an k%'

and exciting future.

and look forward to an interesting elderly woman shivers in a drafty 4

dwelling with no money for fuel oil.

As the nation reels under the pressures of a stagnant economy and 3

declmmg productivity, a young mar-ried couple finds that rising interest Robert S. Davis rates have made the reality of their Chairman

" dream home" nothing more than an illusion.

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Sharing Santee Cooper's resources Their dedication to finding new Santee Cooper continues to with the people who live in and visit methods for assisting and com-provide its customers with reliable I

South Carolina can best be illu-municating with our customers electric service at rates consistently f

strated by the fact that an additional continues to help improve the below the nationai average and 2.610 acres of land around our lakes responsiveness of our organization among the lowest in the State was made availabie to the public this and the quality of life throughout our However we're not content with past year and 125 acres of land service area - which I believe is one that record or the advancements M

was reforested.

of our major goals.

we ve made to date in making use of Of particular note for our These innovative ideas continue to availab!e resources.

residential customers was the receive the full support of our Board Our greatest challenge is to sustain

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g creation of Santee Cooper s Wea-of Directors, which has shown both these achiesements in the economic therization, insulation. and Solar the confidence and the responsibility climate we face today. But public g

Energy program. Operatic,n WISE necessary to retain our role as one power has met end addrested such iic We are very enthusiastic aoout this of Art erica s most resourreful elec-challenges for the past centur3 and i

assistance program for those who tric utilities.

Sar: tee Cooper has played a maior I

want to weatherize their homes to role in hat cchievement.

I help reduce their power bills it will gq l can assure you tha. Santee w.m mg provide them with a low cost loan to jpim****

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Cooper wiil mairtain its efforts to have energy conserving methods and j Vg g meet the commitments to those wha py [i

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equipment installed in their homes.

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depend upon us as a source of low

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A special component of the WISE g_

cost electric power and a resource 5

program is aimed at low income and

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South Carolina g

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C The programs which we have MM U

planned and executed this past year NMQM[$jj 7 fj i g //g, &

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are. I believe. indicative of the ng"W-d pht.v%M$'

calibre of individuals we have been

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William C. Mescher able to attract to Santee Cooper. We M

President i

1 are especially pleased with the safety y

record of our personnel. They again M'

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f received the American Public Power M.

Associa ion's coveted First Place 7

Safety Award - the 12th first place m

L award in the last 18 years - for the j

best safety performance of any E

public power utility in the nation.

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.9 iMa CHAIRMAWS NIESSAGE Resourcefulness continues to be a As maior shifts in industrial growth in a chain of renewal which ulti-major stepping stone for man's prog-and activity are made primarily mately results in the harvesting of ress and survival.

toward the Sun Belt. a local victim of marketable foodstuffs, ornamental History was not being recorded industrial cutbacks searches diligently flowers. and exotic fish that rid when a member of a tribe dis-for new employment.

ponds and reservoirs of pesky covered that the burning light that And. as the statistics of iobless aquatic plants.

resulted when he struck a certain Americans accumulate, a middle-This is just one example of Santee type of rock could warm him in the income homeowner, who became Cooper resourcefulness. This same winter and ward off his enemies at

" established" when the economy commitment of getting the most night. Monumental as that event may was more stable, continues to waste benefit of every dollar earned and seem. this prehistoric harnessing of almost as much energy as he uses.

spent is prevalent throughout the energy was, in simple terms. the use From its beginnings as an electric company. In production. systems of resourcefulness in an attempt to utility which used water to provide operations, finance. engineering. in-survive.

electricity for its traditionally dustrial development, commercial And throughout the biography of agrarian service area. Santee operations, and other areas depend-man. the undercurrent of st.rviva!

Cooper's relatively short history is ing on effective use of huraan and has flowed between people and one of resourcefulness.

man-made resources our employees resources.

In its use of America's most abun-have maintained efficient. creative.

Millions of years later, with South dant energy resource. coal. Santee and productive operations. The Caroi;na's labor force severtly Cooper has taken advantage of a results have been an assurma strained by economic depression in source of power whicn remains one reliability and quality of performance the 1930's and the nation on the of the most economical methods of to meet the needs of customers and brink of war, a project was created producing electricity for its provide a major source of energy for to use existing water supplies in elec-customers. Company-committed coal continued economic growth and trifying a portion of rural America.

reserves and company-owned development throughout Santee

- Vital to the Santee-Cooper Hydro-railroad cars are key planning. pro-Cooper's service area. For Santee electric and Navigation Project were ducthn. and financial resources that Cooper and its employees, the major the thousands of workers who follow the fuel-to-energy cycle from stepping stone for this success has placed themselves between earthly the mine to the meter.

been their resourcefulness.

resources and the concrete link Yet the job of a lump of coal is not As you will find in this report. it is which would ensure their economic corrcleted as it is consumed by a an attribute which appears in each survival and help our national furnace. The main by-product of this facet of the company's operations, defense.

combustion, heat. has become for as if a reminder that being born of We in the United States again face Santee Cooper another resource link resourcefulness creates a constant ef-the ogre of economic instability. It fort at finding new methods of carry-is an ogre which knows no social ing on that legacy.

We are proud of Santee Cooper's limitations.

e9'-

contribution to our state and nation As a multi-million dollar airline slips into the abyss of bankruptcy, an and look forward to an interesting elderly woman shivers in a drafty and exciting future.

dwelling with no money for fuel oil.

4 As the nation reels under the E.

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pressures of a stagnant economy and I

8 declining productivity, a young mar-ried couple finds that rising interest

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Robert S. Davis e

rates have made the reality of their

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" dream home" nothing more than j

an illusion.

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V PRESIDENT'S MESSAGE Once again, resourcefulness has At a time when the economy, a We continue to take great pride in -

played a major role in the success of relatively cool summer, and the those projects which make use of Santee Cooper. This success is increased cost of energy caused a

- waste by products the natural -

reflected not only in the bottom line reduction in energy sales by most resources around our lakes, and the figures within this report - which are electric utilities across the nation, desire of our customers and the best in the history of the Santee Cooper saw its energy use employees to conserve our scarce i

. company - but also in the continued figures increase for all customer resources.

progress of those programs aimed at classifications except municipalities At the end of the fiscal year. 90 reducing the cost of generating and the REA cooperatives. Although percent of our new building complex -

electricity for our customers. the construction was somewhat below was completed. The complex will utilization of natural resources to normal in our service area. the provide a better and more efficient improve the quality of life and the number of customer meters on our working environment for our person-creation of programs wh!ch make it system increased six percent.

nel in the Moncks Corner area in a Gasier for customers to centrol the included were two new industries facility designed to exceed federal do' tar smount of their electric bills.

providing much needed lobs for our energy conservation recommenda-growing population.

tions. We hae continued cu prac-Our construction program tice of providing community meeting necessitated three bond sales - one facilides by the instal:ation of an of $150 million at an interest rate of auditorium having a seating capacity 13.4 percent, a secoad of $165 of 250. The auditorium, kitchen, million at an interest rate of 14.1 stage, and meeting rooms are -

percent. and a third of $165 millicn available, wiWoat charge, to the -

at an interest rate of 13.0 percent.

communities cukural, cmc. sociai.

The major portion of the monies and service organizations.

will be used to complete the Through our test programs of first 450 megawatt coal-fired unit at waste heat utilization, we are our Cross Station. At fiscal year end, searching for new methods of -

the project continues anead of creating useful products for the schedule and belcw budget, being consumer. Our aquaculture project 54 percent complete and scheduled produced 65.000 fish which were for commercial operation in May of sold as an algae prevention tool.

1984.

Also, progress continued to be made in our agricultural research program using heated water as a year 'round growing environment for vegetables and flowers.

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Sharing Santee Cooper's resources Their dedicauon to finding new Santee Cooper continues to with the people who live in and visit methods for assisting and com-provide its customers with reliable South Carolina can best be illu-municating with our customers electric service at rates consistently strated by the fact that an additional continues to he'p improve the below the national average and E

2.610 acres of land around our lakes responsiveness of our organization among the lowest in the State.

was made available to the public this and the quality of life throughout our However, we're not content with past year, and 125 acres of.and service area - which I believe is one that record or the advancements was reforested.

of our major goals.

we've made to date in making use of Of particular note for our These innovative ideas continue to available resources.

~

residential customers was the receive the full support of our Board Our greatest challenge is to sustain

_E creation of Santee Cooper's Wea-of Directors, which has shown both these achievements in the economic E

therizat;on. Insulation and Solar the confidence and the responsibility climate we face today. But public t

Energy program. Operation WISE.

necessary to retain our role as one power has met and addressed such We are very enthusiastic about this of America's most resourceful elec-challenges for the past century, and y

assistance program for those who tr:c utlities.

Santee Ccoper has played a maior y

want to weatherize their homes to role in that achievement.

help reduce the.ir power bids. It will g g 7,77 a i can assure you that Sar. tee provide them with a low cost loan to

. my#

?;f ?p*i Cooper wdl n'aintair, its efforts to b; y y%

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have energy conserving methods and meet the commitments to those whc, equipment installed in their homes.

depend upon us as a source of Icw k

cost electric power and a resource p

A special ccmporent of the WISE g

i prcgram is aimed at low income and k

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J MM for improving the quality of life in elderly, disadvantaged cit.zens.

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South Carolina.

The programs which we have pyg:n.:gR

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planned and executed this past year are. I believe. Indicative cf the calibre of individuals we have been e

v3 " ~

L-able to attract to Santee Cooper. We j

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William C. Mescher are especially pleased with the safety President record of our personnel They again

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s received the American Public Power Association's coveted First Place Safety Award - the 12th first place g

E award in the last 18 years - for the

- best safety performance of any public power utility in the nation.

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GENERATION & LOAu GROWTH Santee Cooper has coal-fired PRODUCTION Santee Cooper facilities generated generating stations located at Winyah Unit 4. located near 9.032.371 net kilowatthour, of elec-Moncks Corner Conway, and Georgetown, began commercial tricity this year, a decrease of 32.387 Georgetown: hydro stations at operation November 1.1981. The kilowatthours or 0.36 percent under Mor.cks Corner and Wilson's additional 270 megawatts of coal-last year.

Landing: and combustion turbines fired generation increased the Of this energy. 93.67 percent was at Myrtle Beach and Hilton nesJ Winyah Station's generating capacity produced by coal. 0.55 percent by Island.

to 1.080 megawatts. making it the oil and gas and 5.78 percent by largest fossil-fueled electric hydro generation.

generating plant in South Carolina.

Peak demands for the fiscal year Final construction cost af the fourth reached an all time high of 1.754 unit was $115.24 million or $427 per kilowatt. Construction of the four-unit megawatts.

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Survey Party Chief Mark liderton makes an electronic measurement at the Cross Generating Station site using a L

i theodolite, a laser-based survey instrument with accuracy

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generating station was completed in Construction on the first 450 purchased in Florence County as the less than 10 years. a remarkable megawatt unit of a new generating future site for a coal-fired generating 5

achievement. Even more remarkable station being constructed near Cross station. The environmental assess-is the fact that each of the four units was about 54 percent complete at ment is being made prior to the start i

was completed under budget and the end of the year. The coal-fired of construction to assure the s

ahead of schedule. Total investment Cross '84 unit is scheduled for com-station's compatibility to both the for the generating station is $380.92 mercial operation in May 1984 and natural setting on the Pee Dee River

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million. an average of $353 per will be followed by an additional unit and the Kingsburg community where i

kilowatt.

planned for commercial operation in it is to be located.

1988. The construction site is located adjacent to the Diversion Canal be-tween Lakes Moultrie and Marion.

To meet the projected demands for power in the 1990's a com-prehensive environmental assess-ment was begun on a 2.400 acre site

l i

l ENGINEERING DESIGN Increased efficiency. faster project turn-around. and reduced design costs were achieved in 1982 through c

the use of new technologies.

standardized designs. computerized

~

scheduling. and improved personnel management by Engineering Design.

d2

j Survey teams using theodolites.

.. A electronic distance measuring equip..

Y ment, and computerized graphics in-g creased the accuracy. timeliness. and.

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efficiency of system surveys and

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Improved accuracy and efficiency mapping.

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In line design, substation layout. and i

standards were also achieved by

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drafting and engineering personnel =

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using computerized techniques.

Computerized scheduling and con-

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struction cost monitoring also pro-f.;

-b vided more timely financial informa-tiori and gave management better centrol, which seduced design and 4

construction costs.

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Station Construction Manager Bill i

McCall displays limestone to be used y

in the process at Cross to remove 6

sulfur dioxide from stack gases.

OPERATIONS AND MAINTENANCE While coal-fired generation made Santee Cooper's coal-fired Resourceful operation of its up 78.3 percent of the company's generating units operated at a 62.1 generating facilities during 1982 summer peak generation capacity, percent net capacity factor during allowcd Santee Cooper to function along with 17.3 percent oil and gas the past fiscal year.

as a reliable and the most economic and 4.4 hydro 93 percent of the The average cost of production for source of electric power in South power produced by Santee Cooper Santee Cooper generated power was Carolina.

for its custor.wrs was from coal 2.24 cents per kilowatthour.

resources. 6 percent from hydro, and I percent oil and gas. Less than 4 nercent of Santee Cooper's total energy supply was from purchases and ne.t interchange sources. The maiority of that was from a hydro-electric supply of power from the Southeastern Power Administration at Clark Hill.

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[ RELIABILITY Is STRENGTHENED THROUGH SYSTEM UPGRADING i 4 ' i bnL x ~%~ N; ' l h;., (, h+ yas-QM. h

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' ~ . yw i / = ... M .O 1 . nT: i ' f.,, _ 1 4: j% h; q ;f - y . l h.t %f N R; [.; ~ r r_ RELIABILITY Lugoff and Robinson. The intercon-Santee Cooper is ako one of seven Santee Cooper maintains intercon-nection with the Southern Company power systems in the Virginia-nections with South Carolina Electric was added in 1982. providing the Carolinas Reliability Group (VACARI. and Gas Company at Bushy Park. company an additional interconnec-which inclubs Carolina Power and North Charleston. St George. Colum-tion and source of purchase power. Light Company. Duke Power Com-bia and the Summer Nuclear Sta-Santee Cooper is one of 30 pany. South Carolina Electric arid tion: with Southeastern Power Ad-member organizations in the Gas Company. Southeastern Power ministration and the Southern Com-Southeastern Electric Reliability Administration. Virginia Electric and pany at Clark Hill: and with Carolina Council (SERC) which includes all Power Company. and Yadkin. Inc. Power and Light Company at Dar-power suppliers in the region with at lington Hemingway. Kingstree least 25 megawatts of generating capacity. The Council assists member systems in their coordination of overall planning and in efforts to achieve maximum reliability of power supply. ) 12

Santee Cooper's Batesburg crew replaces in-line H structure on l15.000 volt line between Batesburg and Columbia. Crews in outlying areas such as this provide vital links in several parts of the company's service area. 'f-F k F \\ I is U A j g s. n t b I s .k ki

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4, ( 4 4 3 u 4 j 1 1_ m 4_aw .,EE General Maintenance Services con. TRANSMISSION customers. and 15 of the state's 20 structed all of the substation fouada-Santee Cooper's transmission electric cooperatives which includes tions needed during FY-82. main-system consists of approximately 180 delivery points. Over nine billion tained hundreds of miles of roads in 2.969 miles of lines. 44 transmission kilowatthours of electricity were Santee Cooper's 56 recreational sub-substations. and 62 distribution delivered to these customers through divisions, and kept the 410 miles of substations. Voltages range from Santee Cooper's transmission system shoreline around Lakes Marion and 34.000 to 230.000 and power lines during the year. Moultrie and the navigation system extend through 35 of South through these lakes clear of debris. Carolina's 46 counties. This makes The navigation aids system was Santee Cooper's service area the upgraded during FY-82 by the in-largest of any power system in stallation of new metal directional the state. markers on the creosote pilings. Santee Cooper provides retail ser-vice to customers in three Lowcoun-try counties and generates power for two municipalities. three military in-stallations. 25 large industrial I3

-P The Winyah-to-Charity 230.000 volt ink " line was placed in service during the f N - b *f g' j P, .mu ge year. This increased Santee p sf ~n O g2 Cooper's 230.000 volt system to ap-q.M proximately 450 miles of line with N another 250 miles in the planning /

1. D "Nj Mh '

engineering stage. Approximately 60 ys xm ,.w i NANN g;& (.[ !!cs of transmission lines were bf;,+.j;$Q$WWgCyWh yQ&N. $lhi ETT upgraded in size while 10 substations & f MMighi+ ^ %g.aM6 E M have been or are in the process of hhhhibN

• • f;g g

fg, being increased in size and capacity. Q Q gy;g V M E ?+ ..gggyf de;M Transmission forces constructed and NNN I garowwe-gin [lg gy f pl ced into service eight new substai w tMWJC oM : + Wy GMGe:?rt,jp tions and began work on a new I Mj [ fsR,MyggipYMh5dNpilOy W y @e$ h h.. h d N j Nd 230.000 volt switching station. egL w q e, m,n. sc$+$ 9.tg -f y f+ p,i. -n 'M N CENERAL MAINTENANCE IVaintenance of Santee Cooper's 42 miles of dams and dikes is one of - l .4@ the largest ongoing projects of General Maintenance. Various in - ,7/h ~ / ( yy spections by GenerEl Maintenance. outside c.nsultarts, and the Federal 7 f, df ~.y J Energy Regulatory Cornmission were I l I $4A LA made to insne that the 42 miles of %g -- dards of safety even thou6h the h

i dams and d,kes meet modern stan-7/7 l

kO.a Y/ structures are over 40 years old. s I %m p m-w y/,y(E h gi The Harza Engineering Company y recent:y completted the company's rf p,g} F fourth five-year project inspection re-

d. ylSM quired by the Federal Energy

- t }h Regulatory Commission and reported c & N.M, that the dams and dikes we.re well [ maintained and in good overall con-dition. The report also noted the re- ? cent completion of drainage projects L behind some of the major structures which further increased the safety of r y the dams. c I i Yrf h} [h

i..

LA, m.. jm Q @a i-g +N e.. . g Mike Wooten. Dam Maintenance - ~ ~ l Supervisor. holds a core sample taken from West Pinopolis Dam in g series of tests conducted to evaluate the seismic stability of impoundment is structures.

~ L However, based upon revised RIGHTS-OF-WAY RECLEARING FLOOD CONTROL earthquake standards. FERC con-General Maintenance maintained Santee Cooper conducted spilling ciuded the West Pinopolis Dam and and recleared 9.700 of the com-operations for 67 days during the the North Santee Dam were only pany's more than 36.500 acres of months of January. February and " marginally safe" when subjected to transmission rights-of-way in 1982. March.1982. as part of its flood seismic stresses equivalent to those During this period a record i70 control program. estimated to have occurred in acres were site-prepared for even-The maximum daily average inflow Charleston in 1886. The commission tual wildlife plantings by the land-for (his period occurred on January informed Santee Cooper March 12. owners. thereby relieving Santee 5.1982. with over 800.000 gallons of 1982. that the company may be re-Cooper of subsequent maintenance. water per seconJ. This resulteo in quired to rebuild or reinforce the Highly specific herbicides were ap-the flood crest on the lower Santee West Pinopolis and North Santee plied by helicopter in the treatment River being reduced to about 52 per-Dams for public safety purposes. of an additional i.400 acres. cent of what it would have been More indepth evaluations are without Santee Cooper's flood underway to determine the condition control program. of the dams. k g y = Jo a ( t ir in i ~ r e n J E E u = l5 -um

h. , e l- :) .4-we 7 - , ' ~ - - WHERE THE POWER COMES FROM - Generating Commercial Construction ' Generating. Commercial Construction l Generating Unit location (megawatts) Fuel. Operating Cost Capability -. - Operating f ' Cost 1, Capability ~ i Date ' ($/KW) Generating Unit to ation (megawatts) - Fuel 'Date - ' ($/KW)

I lefferies Hydro Moncks Combustion '

. Myrtle s . 30. - OG.' 1976 ,-- 90.1,... o

1. 1.2,3.4.G 6 Corner 128 Hydro 1942 S 458.'

Turbine #5 Beach N. Santee Wilson's Winyah Spillway Landing 2 Hydro 1950 200.' Steam #2 Georgetown 270 ; ' Coal. ,'I977. 269. 'I f i lefferies Moncks Combustion - Hilton. Steam #1 & 2 Corner 92 OG 1954-171. > Turbino *3 Head-57 . Oil ~ 1979. '.172f Combustion Myrtle Winyah - ...Georgetown 270 ] Coal (. a Turbinc #1 & 2 Beach 20 Oil 1962 145. ' Steam #3 1980;- ^~469/ Winyah. tl l Grainger ' Steam #4 Georgetown 270 -. Coal " '1981 f 4 2 7.'. 4) Steam #I & 2 Conway 170 Coal -1966-172c lefferies Moncks Generating Units Planned, 3

1. 3G4 Corner 306 Coal 1970 17S

' G Under Construction Capadty. ' (estimated); J-Summer. ~ Combustion Myth Nmear* Parr' E0l' Nackar' Nov.198E ;.til59k m 2i - Turoinc #3 & 4 Beach 40 Oil 1972 113. l Cross #2 - - Crom 450 -: ; Coal; May.19843 s%h.. N { l Combustion Hilton ~ t Turbine #1 Head 20 Od 1973 -135. Crc-s #I ? Cioss - '450 Coal.: Ma[.19M'$ N 957i ;;I -l Cr.mbustion Hi: ton H,' Turoine #2 Head 20 Oil 1974 110. _ -,6 q.,. .. i s. . :H .3{j W myah ?One third ownership' being idntly cmstructed with kuth Carohaa Elettric Steam #I Georgetown 270 Coal 1975 146.- . & Gas Company. ~ E Vl4c,' ij 4: \\ ++ E v' h

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-s l Q - l ENERGYDEMAND FORECASTS PEAK DEMAND FORECASTS - \\b GG4 WATTHOURS MEGAWATTS.

WHERE THE POWER GOES Retail Custorner Area Industrial Customers Military Installations Arcadian Shores Albany International. Inc. Charleston Air Force Base Atlantic Beach Alumar of South Carolina. Inc. 3arleston NavalShipyard Bonneau Beach Amoco Chemicals Ccrp.. Myrtle Beach Air Force Base Briarcliffe Acres Andrews Wire Corp.. Chestnut Hill A O. Smith Corp.. Contvay AVX Ceram.a Corp. Garden City C.R. Brd/ Inc. Electric Cooperative Distributors Litchfield Beach Georgetown Steel Corp. Little River Georgia-Pacific Corp. 1iken Electric Cooperative Loris Giant Portland Cement Co. Berkeley Electric Cooperative lower Waccamaw Neck - Grove Mfg. Co. Coastal Electric Cooperative Black River Electric Cooperative Moncks Corner international Peer Co. Myrtle Beach Loris Mfg. Co. Edisto Electric Cooperative N. f *yrtle Beach Macalloy. Inc. Fairfield Electric Cooperative Pawleys Island Mobil Chemical Co. Horry Electric Cooperative Pinopolis Plusa. Inc.- Lynches River Electric Cooperative St. Stephen Santee Portland Cement Co. Marlboro Electric Cooperative Surfside Uniropl. Inc. Mid<arolina Electric Cooperative United Merchants and Manufacturers. Inc. Newberrf Electric Cooperative Waccamaw Clay Products Co. Palmetto Electric Cooperative Waccamaw Lumber Co. Pee Dee Electric Cooperative Mun. ipal Distributors lim Walter Metals Corp. santee Eectric Cooperative ic Wellman Industries. Inc. 1ri Crx.nty Electric Cooperative eamberg Georgetown 3g m 's' C rN '- N d Greenville q~ x TE* s rrmy rag 7u SUMMER ra a,ms cm fre/ t s \\ GRAINGER w,m ra ar,' PEE D n nw Columbia regm ,/ c ca rg Mrn v r u Q HYDRO q Q COAL l }l, MYRTLE BEACH @ O!L CROSS 4 > WINYAH CCV!BUSTION i y TURBINE - "is ~ re am $ yyggpg lJEFFERIES ~ DEwm hl

• wiH

-E-SUBSTA1;ON AND LlNES 1: l'. . Charleston -4 >- lNTERCONNECTION PROPOSED OR $5 UNDER CONSTRUCTION y INDUSTRIAL CUSTOMER SERVICE TERRITORY ,ven yT

• • Q INCUSTRIAl., COMMERCIAL AND

_a RESIDENTIAL CUSTOMER SERVICE i TERRITORY i SERVICE TERRITORY, GENERATING STATIONS AND TRANSMISSION LINES 17

E N - lM l i.i. iig,, m GROWTH IN ENERGY SALES CO;NTINUES DESPITE SLOWED ECONOMY t ,.----m+mo R.mJ ~ $$r N5AN%[h. NMkbhk[Eh*?kY :ME@ L $i 5 M@: e F V $ Rg L ':%9fdCW Ylh::' ~: Y[ M' ; $ $f:?i5hFWB f a L w#s gs

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a e e 49 < Jgy ; ' =f s.3 =Z-6$ >A .,;, 4[,9 - T e L - % -= g --. Y {; _.,. Q Q:;.,pq.' M

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p d wp t - ? l- .a + m k @.u. E p -,W j .y 2 s ENERGY SALES customers were 1.128.837 megawatt-The average cost per kilowatthour E The number of residential. com. hours of electricity. up 2.3 percent for Santee Cooper residential I mercial and other retail customers over the previous year. This com-customers was 5.01 cents. 22.5 per-I served by Santee Cooper totaled pares to last year's growth of 7.9 cent greater than the previous year. 56.663. an increase of 3.231. or 6.04 percent in the number of customers but 17.9 percent less than the na-percent over the previous year. Of and 10.2 percent in energy sales. tional average of 6.10 cents per and it reflects the leveling off in kilowatthour. this increase. 2.848 were new resi-dential customers while 375 were energy consumption that is occurring = commercial. Sales to these as a result of rising energy costs and conservation. The average annual consumption of electrii*y by Santee Cooper residential ustomeu declined to 12.093 kilowatthours. about 6 per-cent less than the previous year, yet 35.9 percent greater than the na-tional average. 18 ._.i

e., Power from Winyah Generating Station is distributed to Santee Cooper's residential, commercial, and industrial customers and to 15 REA cooperatives for distribution to their customers. 1 v7 e n, wSM%%gFra. - [;. i ()%nW,. " 4%g[gy Wyny;9p. M ;,4.> a.n + nm,n Wh..gg.k '.,gMp:: y .;;;g, g.g' k-f kU .N d

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'jf 4; m aw L j{ w @ $ y [i Q T gM N w e, w ' y [WVQiy, g# 'g?QL h[yjj E h s s~s3 MlW h ; S$%@sn[g& R*hm@m(w g 1 1 ^y ~ w$g 4w 0 6[F %gu {x1 1 e

1. 3

^%naseg J 7 N-wwu. _&. - - [-- m + ) 9 ^ 3)Q3 2 fQQg} g ~W%? ^ l J I l Two additional industries - National Meanwhile. Macalloy. Inc. of Macalloy's energy use for the year 1 Twist Drill in Loris and Conbraco. Charleston saw the chromium market declined 49.3 percent from the I inc.. In Cor.vay - were added during shrivel as it responded by operating previous year. On the other hand. l l the year. at half production. then sliding into Alumax. Santee Cooper's largest in-Sales to large industries increased bankruptcy and operating under dustrial customer. continued in spite 2.46 percent in spite of the drasti-Chapter 11. of a slack aluminum market situation j ally reduced ferrous metals market to produce with two fu putlines in and generally declining industrial operation. Alumax used approx-output throughout much of the coun-imately 26 percent more electric try. Georgetown Steel. for instance, power than it did the year before. l operated at reduced capacity much thus offsetting declines in energy use of the year ac.d experienced about a experienced with other industrial 31.6 percent decline in energy use. customers l : 19 s E

i ~,m a . c . = ry n c m _ 5 4 Sales to U.S. Air Fo.ce bases at Charleston and Myrtle Beach and the ~ U.S. Naval Shipyard at Charleston in-creased about 2 percent compared to a 12 percent increase last year. Sales to 15 of the state's 20 elec-tric cooperatives through Central g . Electric Power Cooperative, Inc. and to the municipalities of Bamberg and Georgetown were 3,351,388 mega-watthours, a decrease of about 3. Q 1 g~ percent over the previous year, com-pared to a 12.0 percent increase in .[ 1981. The electric cooperatives and 4 .l Cooper power to more than 250.000 i municipalities distribute Santee e. ~w customers in 35 of the state's 46 d ( ,i counties. . The decline in total kilowatthour MQ: k?'j$$ h p g sales to electric cooperatives and the I -. ~ f5dd KIN [hhTIElI feduced average energy consump- .e Sc t t.ior by Santee Cooper customers h resulted from milder weather condi-i tions and increased conservation [j ' f efforts being practiced by g R;ys Wwy consumers. e4 mm, i&p*5A5 v.

• T,y uf 4.

 % g,l .4jj ; . r g4 {f A .s f' Jy. 1 1 l } 2. -; l \\ %;7% \\ l i .I 7 .\\ t I ..:87 $9, ^ I fty _f..g ;; ~ 1 l =4 [. ~ u T l ,f ,y' . g*r m v w-l l l Energy Administrative Associate i Glenn Cannon examines computerized hand-held meter reading device being l l-examined by company for potential use in improving retail billing 20 system.

While national trends continued to in line with those trends, new increased energy consumption is impose an economic squeeze on construction in South Carolina anticipated in all customer classes much of the country. Santee Cooper dipped below traditional levels. The with recovery of the economy, when saw its energy use figures climb for exception to this was along the industrial production returns to its most of its customers. Exceptions Grand Strand where recreation and normal growth, housing construction were municipalities and REA resort development flourished. The rebounds. and commercial develop-cooperatives. number of customer meters on the ment continua its pace, particularly company's system, in fact. increased along South Carolina's resort coast. by more than 6 percer;. Significant in this increase was the addition of the two new industrial plants, which is helping to add to the employment rolls in Santee Cooper's service area. Ah ~t \\ 4

34 -

4 'di I fl I' h k %;% h i 1 Nyg,N;g M FY 1961 GilD FY 1%2 ENERGY SALES vecawarmouns

COMMUNICATIONS & CONSERVATION HIGHLIGHT CO;M;MERCIAL OPERATIONS I, N _ D E f $ $ $_ % $ jl INEA 9 w.m j w o Santee P9.f-- CORPORATE COMMUNICATIONS communicate Santee Cooper's role presentation won national recogni-New means and methods for com-as a major economic resource and tion from the American Economic municating with employees. source of energy for South Carolina's Development Council. customers. special groups and the continued industrial growth and Computerized typesetting equip-general public were employed. These development. ment was added by Corporate Com-included multi-image slide presenta-A multi-image presentation. " Winds munications which improved the effi-tions. a variety of energy manage-of Changc". was produced for ciency, economy, capability. and flex-ment publications for customers. and presentation to groups involved in ibility in processing information and communication materials in support the economic growth and develop-preparing it for publication. of industrial development, en-ment throughout Santee Cooper's Produced on a regular basis. vironmental resources, and other service area. The booklet and slide publications provided information to operations. "For Industrial Power in employees. power distributors and South Carolina. Come to The business and civic organizations on Source" was a booklet produced to the company's operations and some 22

5 ' Life Line' identification markers have been placed on equipment providing service to customers dependini. on elecuic power for life support systems. Service representative Fritz Seay ewlains markings to customer. } l [_. 'if -'e.. x ",t - .t Q. o Jr 7 g.. .c ss. j,.,, .. 4., 'fe.l r VK,& -'I l i l '.,. }h.,.. _ 'f.u - f,.:n g. m 5-

s.jy M

3, x s. ~:t - 6 ~ 4 . -l g,, j# ,'E - -1 (., f ,x, g, .i ~ r' 84 . \\% +.. ' -. '- ~~.+'j... 9 g* ' - ,4, [. J <- 2 s C.. . of .4 'n. "y

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.. f..Q g 1.- 7 e ' ; y%., ~' g.y e -+ 7 .,,.3 s. - <,. - g ,14.,_,. O 5 a 43-g \\ a of the major issues and challenges EMERGY MANAGEMENT construction in Santee Cooper's facing the utility industry. Major The consumer's increasing retail service districts. indicating a publications include a feature awareness of energy costs and the changing trend in housing develop-magazine, weekly newsletter. and in-knowledge that he must strive to use ment in response to rising interest formation bulletins which address energy resources more efficiently and construction costs. With more ef-specific issues and communications have had an increasing influence on ficient use of both land and energy requirements. Santee Cooper's energy manage-resources. this trend toward more ment program. Through programs multi-family and resort development designed to maintain the efficient use is becoming the predominant charac-of generating facilities by reducing teristic of Santee Cooper s residen-peak load growth. the customer is tial growth. assured of maximum use of his energy dollar. Multi-family dwellings represented over 80 percent of new residential 23

3-w 1: Promotion of efficient thermal ~g 7...- -. ..1 .y heat pump was achieved through ..s '..3 7.. .g design and greater use of the electric m.c.E.c d ..~1. M g e-- 4 E.. 4 Santee Cooper's Energy Efficient s q, {,.y},V f J ;. Q,Y l .. p. ? Home Awards Program and the Cer- - ~ - ,..j " [ < .-~ D tified Krat Pump Dealers Progr.fm. .. 4.8% _, " '

s...

J. u. - p These programs benefit the customer

% 1,; Y 7

through a greater degree of comfort .:.g s

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e 4 and an assurance of efficient use of .s '... >.,,c., S .g.....,.4..*....- ...z - energy resources in maintaining

a.

~

A :.$P " , [: $ i. 4 ',[ [.. . 9..;. - During 1982. over 300 customers that comfort. - - ; y : - [;::. ; - f ..g a p i@ [ received assistance in efficient ther-i K .,l mal design which led to an addition e e.. s. ..m. i.)7;T ;K kl[ jf d of 406 homes receiving the Energy . ', '. (. w 1,.0: * " - ?. Efficient Home Award and reducing Q. i,,] . : p g..g3 3 '. Q'.

. f s 4jg;g{t

,-.g- ' };,. }e i. r ;* Santee Cooper's peak for each y., y

x. A. ; _ j %.;

c. k [. g' ~.h.:Th

. ?- house by 4 kilowatts in winter and R: O ,.-; $. R energy efficient homes should result J., ' one kilowatt in summer. These ?, ~A r .. ; -< m in a savings to the company of over .3a f E 'i ' - '.. ' ~ %. g.

1..,.

1.;.. > y.] ' 3.7 - T p%.' w%%. ; -- I.600 kilowatts in winter and 400 T. J J ? i.".. ' l"' I., '

• f -[Ty t. l '.... } f ;$ 2,.p,' '

- {p :. g'ghjg kilowatts in summer. Presently. 21 j . -- * - ' g:. mechanical contractors are par-e. 3.,if.. - w T :/,gM. 3.. y T ticipating in the Certified Heat Pump p l ' fa ::.p m. -7' M jl Dealers Program. . '. ~ --v

4 hg

. !jb%M.[,.,f 7.. - ' All residential customers were of-

7

( - ' = tered energy audits through the t . ;'. pg..- gr= .,, ~ gj y%.fi:MM1E..,,j Residential Conservation Services 7 /- ~. yj-j "-- U-y Program in coinpliance with the Na-27 f;,. ;3 [4.Tp tional Energy Coriservation Policy j r_. l q f (.,.;..j 9a 'l.1.C. .'. u,;,.." Act. Rislng inflation and higher

1. M i

.., y- ,j.s3 a 1 2, _, S 7 -:, f. ~. _. energy costs coupled with increased x. r .s c ... ".,mf. l,. 3 growth has created an.mcreasea ' J flow of requests for assistance in this > P >' ' p . 3, s.,. area. from botn residential and com-mercia' customers. ht l ' &.( * -b 4 .,( - s.. 2 3, - ,. W77 + ~ > I .'.,. =. =. - a 6. : ,f j ,I .: a

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( hb5 &,c : ;;j ' h s ?. Q .g n u m. ; 7 g, ':e.?, ' : ;. ~. ~ ~ 7 n a.. L'A Pftolograpfter/AV Specialist f .p.;. I

i. Wilson Bafter previews some of

%l- _.;.Q;-W,,k._y[*. ~ d' c 9 Santee Cooper's multi-image presen-3

.. K %.V

q.q..

.y% ~. lations designed to fleep customers 24 informed of Ifte compant s progress. f

L .F p In addition to receiving an on-site .%., 4 <r E provided a detailed description of

cykk, 1..w. -

c analysis, each audit customer was . 4kgk W y, . x- .h@r.h.[ .h the total energy use pattern and 7 W. 'h c,.. { ' l . Q p '.,. $[Js .^ ' " ~., recommendations for more efficient .3 ...r. ~ -, - -d e,G. ..s z s T. ' %.,,3 .c,; o, use of energy resources. Audits were j .i g y Ap..( 1].J y( ,'y e g.'"yg imately 700 customers through this g '..g,,d q~# "-9.-W w'/if';.s.* [y p provided during the year to approx- .y'gg(7 ' '.,. [ .5 i. / y '. ' $.." f ; Customer Service program which is .:.,J ' 2.., {j,e.*,f y jj 2 l }.. [ $d(\\..#. y 9 ' :., y'> designed to contribute to balanced fg5.n,- -f ' _. 3,.N. O., f. - W growth of Santee Cooper's load-5 k.< Ay.f. g y -. . c, g g e g growth patterns. Through the conser- ,~

e. m j

., gv.;i..

>h(.fi F 144.3 U-2 g,k x!:5; f j i ?'- .l'.VJ. " vation efforts of customers as a J-l- J-Nil ; - # . {I..

k..

..'). - '..+j.A l - .a, ,,.p '. g result of those audits. over 2 million kilowatthours in energy savings were ,,.,. 4, .y .c.s. 7'.-c. i <",'f.+ ' b.. _. 4 E-f kq q g. g.g ; _, 4., 1.Y, i s. J.;.

• estimated.

y 7. -7 The Weatherization. Insulation. and .' l - 1 3 . ~. h ' ) L N [j I [, Y ' Q -fh [ [$ Mg...h' k:.[,.. y. f Solar Energy (WISE) Program wa, 6 ' f...] [ 7 "= p M 3 M developed and approved by the ., 4 gg["..j (q <.3 .. 435p.,L y Board with introduction of the new customer service scheduled for early .M. .R -'?. ~ o. . (, f o> n fall 1982. The program will offer low I..f h. # - -( 9 h %;' ^.[(.; qI. 'ig.3 interest loans for adding ener y con-g.1 -)f-2*.- . Pl?., 'd; p s %[ ' % f.% ' -f T. . 1 servation improvements systems to W... ?,g 7. . k ?! + 6 ' f, use renewable resources. and t-o <- -~ assistance for iow income and el-1 ?ll* #4 n. s c

p,.

..,

-p T

J".. '~S, m 'l; ; derly disadvantaged customers i 8.. ~: E,.7 0 m.. yc> y e m 7 3. A,Vf i. ~.-1

./

serve oy Sant,ee Coopar. w '., ~. 4. v. .s N 2-A. e[,3 N : '. ' ; ?. W, - 7 J.Q-y A clearer understanding of Santee 4.' .'_r- ' ?,. %, e-. s D.l%,Pf p % '.,. J ; 6 Cocper's ewrgy resource utilization g' s 4;'

m. M.. -

3 %. 4, ' V and a greater awareness of the effi-m ..- w a... :.f,qg 4.r e. ' - 2 cient use of electnc power was achieved through intensified public c ; 4' 'q g .=, 4 -. >.g. 9" [ _.. information and educaHon efforts. ~ Presentations. demonstrations and publications were presented to _e ,,s, p/'~ ', ~ 4.1 schools. business and professional . O $^ y, groups. and trade organizations. An ..g.y y f ^.( F'i ? audio-visual library and soecial pro- - ;w. y l(( hd.g

• :e.,

'f.. grams were among resources used for expanding contact with

- 7.

• 9 7 q.4 j

customers and community members. v i c - ?. O.. j.. 'i. t..e.% : ; :.s.; " ( />. -, 3 w .+ ,e... :s..,. g. :. 9 q u u9 f' .l l 'l '

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..+<,x <,,w e .c.....x .'s, c - .... i,i, _ ,... q.< \\,, ,. K,- ( y. ,t .y v - y e _.: y.. ;x _.,..m._,_, p, 't 1. 4 >m-a.g:. .. v - qp; .3 ., A,.1 -, g, '.g y 1 ,.; p..a7_f - Residential Energy Auditor Roger g

TA.; }.; \\ & ?

Herrelson unrolls fiberglass C ". "., 1 s insulation recommended for F.y %;,y* installation in customer's attic as

% j,;f {

part of new Weatherization, ' ' ~

• Ce insulation. and Solar Energy 7f (WISE) Program.

25 I' .I

HORTICULTURE / AQUACULTURE NIAKE USE OF AVAILABLE HEAT RESOURCES i b

• Wl 3

ENIRONMENTAL RESOURCES Federal funding by the U.S. Army The biologicai control agent A new water quahty limnology Corps of Engineers under the Rivers Bacillus thuringiensis (var. israelensa laboratory was constructed. and Harbors Act in the amount of was evaluoted as a larvicide and equipped. and staffed during the S62.000 for noxious aquatic weed shows excellent pro.nise as an en-year. This facility will provide in-control resulted in the treatment of vironmentally safe control tool. house capability to conduct intensive 500 acres of Brazilian elodea in Lake More than 65,000 Tilapia zillii fish assessments of the nutrient content Marion. Aquatic weeds were also raised at the Winyah Aquaculture of Lakes Marion and Moultrie. deter-treated in the Goose Creek Reservoir Center were -old for noxious aquatic mine the trophic levels of each lake. for Berkeley County and in the weed contro, during the year De-compile baseline data to determine Backriver Reservoir for South mand for the fish was greatest from trends in water quality. and measure Carolina Electric and Gas Company. the impact on water quality of Mosquito abatement operations severe aquatic weed infestations were conducted on all project lands in the combined interest of disease vector control and outdoor recrea-tion and tourism in the five counties surrounding the Santee Cooper lakes 26

Environmental Resource crews spray for mosquitoes in one of 52 residential subdivisions around Santee Cooper lakes. i Aerial spraying and truck fogging are used for mosquito abatement. w.....- a [ '* =. W[tg / f u 4 ~c,- l :l + ).:',

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r s 4 - ? v %f.Y,? *:. f{~.*3 l%;Je. :-..,.- 1-;'.Jf... 2. : s; - ~ ' O s i e . ' y l ' 'I 7 > 9 ' 3,. ~ ., 4<. .h b ,m i r.. -^ ~ e 7 .. 3,_ r 5 ych- 'gh ( {,gg. k { N $.j f-(,4.(. M [-h h..[. M.[ N k?,DA'[./k.' .WfM; QQf.j. -.)y f.Q 5 ~b Ah ._?.?.!y,.'j.'k*:7.Avl,, ff the golf course industry where use of The Residual Energy Application returns per square foot of produc-pond water for irrigation precludes Program by Horticulture was further tion area. Tomatoes. cucumbers. and the use of herbicides. Additional refined to include nutrient flow potted flower crops were also pro-broodstock ponds were constructed through hydroponic culture. This duced successfully with the at the Center which will permit in-system has the potential of sig-generating station s discharged con-creased production next year. Tilapia nificantly increasing the resource densor cooling water continue to provide excellent control capability of the program by reduc-of aquatic weeds and algae in the ing plant diseases. reducing labor. 400 acre Winyah cooling reservoir. and increasing production per which required an expenditure of area unit. $80.000 annually for chemical Snapdragons and Chrysanthemums control ur.til stocked with Tilapia were in great demand as cut flowers in 1978. from local wholesale floral dis-tributors and showed excellent l i 27 l

~% NEw BUILDING COMPLEX Construction of Santee Cooper's new headquarters complex was over 90 percent complete at the end of the fiscal year with mostly finishing touches remaining on the seven-story. 'g -t4 M 3 I 25.000 square-foot office building. The move had been completed for ', i *%' c... .-a E C personnel working in the transporta-tion service center and more than 90 [.d.[4,e.Mi percent for units assigned to the w warehouse and operations service v. ,y:Walgt

l center. There will be an additional

-..y. A .-JG .g f q i..i 44 e ght or nine months before all the C J: 1 ydcg e t .6 i new equipment is installed and 9.gq I 3* power dispatch personnel move into 'e s t s A w r. ,~. nE (, V,. the energy control center. v.. 4 % g: M M M I The seven-story office building is .J ' N C.. one of the most energy efficient of-gcc .y J.J m y \\ AM N5 .x - fice buildings in the state. and all h.(,ds' c - %.64ff buildings within the complex exceed p psey ny

c. +.e+

r.3 g,* ' A' s j the U.S. Department of Energy's p building energy performance

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f ' ' qu, .." ; - 4"W, .c E standards. g.g. _g .; w.+ z n.

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-s g'. L. J.D.p.n.. J.@ W F & ;.i. j.':. u.; cl-:- gW y.lj ' -;. :s;.: :..( .g i.' - g$ fy,fj~:L.gg j :"W G( . 44.;. ;./. p Y-: 3. c p. ,+ y% M. p N .g G s.-- r :..... ., s.::* p j;;. 4.: 9...- .: p Cashier Martha Villeponteaux f M.q Q W U accepts payment from Moncks fg&}l$ 4*.y.]Q.h5Whg2&pp.S&&:RQ:$ hcf Corner customer. Drive-through m% 'fq.%Q:: kQ:.%f$W6 h &-Tjf+WWW QW-window at new complex offers Md ,' WQ.gg ~ xx - convenience to local retail customers gc 28 in paying bills.

The new complex uses some of the A total of 668 construction permits Approximately 125 acres of most advanced technologies avail-were issued by the inspection and woodlands were reforested to main-able in the areas of comfort condi-Compliance Section. Of these. 35 tain sustained maximum yields. tioning. lighting ventilation, space permits were issued for piers and Data relative to the characteristics utilization. and communications. A docks. 23 for retaining walls.18 for of various shoreline areas adjacent drive-through window provides con-boat ramps 4 for dredging. 350 to the Santee Cooper lakes were venience for customers paying bills, for building and accessory buildings. compiled for publication in a and a 250 seat auditorium is avail-and 238 for miscellaneous projects. shoreline erosion control plan re. able for community activities. Site plans were developed for six quired by the Federal Energy The total cost of the new complex public recreational areas to be con-Regulatory Commission. I including property, site development, structed on the company's unde-and construction, is approximately veloped properties in Berkeley. l $25 million. Clarendon, and Orangeburg Counties. PROPERTY MANAGEMENT Approximately 2.610 acres of addi-tional land was made available for Effective and resourceful manage. ment of environmental and natural public hunting through the resources is a major responsibility of cooperative Game Management Area the companis property manage. Program administered by the South - meat division. Carolina Wildlife and Marine This includes the administration of Resources Department.. 4.050 leases around the Santee Cooper lakes. Of these, 2.951 are recreational lots in Santee Cooper subdivisions: 968 are marginal lots adjacent to privately owned sub-divisions: 86 are commercial lots: 8 are miscellaneous leases: and there are 37 gratis leases to public and quasi-public entitles. Revenue col-lected from these leases for the fiscal year was $542.907. The sale of 3 forest products produced $79.393 in revenue and agriculturalleases totaled $91.742. e, %, N + X %5 i l t 9 1 ~ w.k l i RATE COMPARISON FY 82 l ran xwn ResioennAMAVERAGE CDSD 29 i

GRAND STRAND LEADS STATE IX RETAIL CONSTRUCTION & RESORT DEVELOPMEYI l.. ge;: --~-~v

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,,.3 f ~_,, N Nk gQ[:f gffjfC~.f 4., uJ3; M 2. D5 hNhk [dhj3:ri: h W.irAw uWf$bS$1 i b SERVICE TERRITORY popular Grand Strand where resort MONCKS CORNER Santee Cooper pros des reta;l ser-and multi-family construction has The Moncks Corner District pro-vice to more than 56.000 customers almost tott:'y replaced single-family vides service to Berkeley County in three South Carolina Lowcountry construction in fact. the majority of customers in Moncks Corner. St. counties. This was a growth of the new constructioc. building per-Stephen and the areas of Pinopolis almost e percent in *he number of mits for hotsing in the state in the and Bonneau Beach The number of customers served during the past previous year were issued in customers increased 4.03 percent in year. and a 2.3 percent increase in Horry County. 1982. to a total of 4.388. energy consumed The majority of in addition to normal load growth. this growth occurred in Horry and underground service was provided to Georgetown Counties along the 40 residential apartments a new K-Mart store and a i U-bed con-valescent center in Moncks Corner 30

South Carolina's fabalous Grand Strand has maintained a steady growth in recreation, tourism, t;nd resort development, with corresponding increases in number of customers and energy use. (!(: 'y k<[ ~ Mi '+ g 1 Q

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A ~" ~~M: M Q & " h ]i ( _y j;,77 ~%qq "p ,,7.- ~ m ww , c,.y %W ~T! -,, k~r.79 Rem:n.s. 6ahi&. J,,_ s'4w.Li e m eL a.< 4dM"' I A 2.6 mile 12.000 volt line was MYRTLE BEACH DISTRICT M:st of the expansion of Santee built to provide service to the new The Myrtle Beach District serves Cooper facilities in the district was Trident Technical College. Berkeley approximately 44.000 customers required due to the construction of Campus on Highway 17-A South, along the Grand Strand from condominiums and other medium to Several feeder lines in the district Georgetown to the North Carolina high density residential develop-were reconductored for present and state line. The district includes the ments. These residential units are future load growth. municipalities of Myrtle Beach. North purchased for rental and for fuli-Myrtle Beach. Surfside Beach. Atlan-time occupancy by people retiring tic Beach, and Briarchffe Acres, and and moving to the area. the unincorporated areas of Horry and Georgetown Counties along tiie Grand Strand. The economy in the district is related mainly to recrea-tion and tourism: hcwever, the retirement populace is becoming a significant part of the community. 31

t f7 lh:. During the year the district gained b ' .h - i * ' [ '.N, J', 1, [...* p, p$.

4. $;$m.[.....

[ ~/* ' '[.f f. N....u' f ,L'.([+'%'. 2 9I 3 costomers a 7 I percent in-m, ,. y crease over the previous year This .. c .l. ?. p. ;?. .N~ .: ~ T j*.. ,9,.

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increase is reflected by a total of R 'i./.., O..( J 'J"!'^ N,.[L' [..7 '..T 25 842 customer transactions from [:. {. ) ~ ' ',,'y '..R.' I** ., '~. ] lis .'..r. ; offices located in My rtle Beach f.]" s,# l '. .,.,'e, y' z...... .3 North Myrtle Beach and JA :' E, *.'Q, ;f., q. ;. p,,f ] c i.0 ' [.'.. t ,, '. If. Pawleys Island ?- r- - d .. ;.[., ;., M,7 ;. s 4 j ~" . g.. ; > . j.;. ;.. g.. g, .y Five line crews performed all of ,a .y the construction. operation und f.4. ~...... ,'(.l , y.p. 3

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s .o, .~,.: N -:. w y:, y~y: .g j year these crews installed i 10' 3. g.- .N, > _ - L r': ; *[ '. ".,_ poles 85 864 feet of underground <l.5 f;'$- t".:.h f, q,.; 9 ' _ o., - <. + c' Jjl/ .C. zl,.. .., i f ".J ;I.. cable, and 1.05 3 transformars along ...6,*!*, g:/ .I.$ $ - Q~,. ~ ', p.p@; s'g h. ;, f . " i. '. - with other normal and emergency

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, /,,'"7 " ;.". t. work. These crews performed the M.E'h.4 j ' f./1 W:'(Y J, c] ' f f%.'_ ' V,. f' work required to keep up with the J %?4 ' j ,tt rapid development occurring k

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A throughout South Carolina s fastest f .y,.. ($ growing tourist area .ylp; / Q,, A major improvement in Santee ,2g ' jg Cooper f acilities was the completion ,W of a 4 000 square-foot addition to .QJ:' Ud. the Myrtle Beach office Members of ' eg. ,.4 Q,.,. the Myrtle Beach Technical Services C [ Section moved into their rew offices $,{ in January 1982 The expansion pro- ~h. t vides engineering work stations of-3[ fice facilities for the Myrtle Beach 4** metering section a meeting and files r'v,y

w, area and room for future expansion.

N hJ / ~_ i 1 w a.. w ~$ y . -: ' N @ Enaineerina. Assislant Cnarmaine A 9 eg t, ! \\ '% Narciso uses a dr,as,ti:ina cursor lo / L & : hx transfer aerial survey data of h % s comflany s distribution and W~ ri~ < transmission lines lo comtraler used = =*~ 32 in new dialli:ed maf1f)inQ System.

4 CONWAY YFe r.ufnber of customers in-Power to industrial plants schools. The Conway District provides creasei 1.7 perce.t. 'o a total of and other large customers is being power to customers in the cities of 8.45L Energy consumption in the fed from sub-transmission lines Conway and Loris and in several ' district increased 1.79 percent to where available rather than distribu-unincorporated communities. in. 194.441.683 kilowatthours. tion lines. This method of feed ciuding Cool Springs. Bucksport. A long-term project was begun to reduces the cost of providing service Homewood, and Red Hill. Service is convert the distribution circuits in by eliminating one step of transfor-also given to rural customers in an Conway from 4.000 to 12.000 volts. mation which decreases transforma-area from the North Carolina state This conversion will allow existing tica power and losses and lessens line near Loris to the intracoastal conductors to carry more power ' the likelihood of power interruption Waterway at Myrtle Beach and to with less line losses than the to customers. l the Waccamaw River at Bucksport. existing voltage. The growth in this area has been Two new substations were built, primarily comm' rcict and industrial one at North Conway and one at during the past 12 months. Klondike, near Bucksport. The two new substatlans were fed directly from transmission lines rather than from sub-transmission lines. elim-inating one step of transformation with its accompanying losses. The saving in building these substations in this manner has been substantial. '.%4

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f \\ O/g /g v v ~ .4.. m s. FY 199 1982 FY 1961 1962 CONSUMPTOI(KWH) (DST ( $KWH) M MTIONAL AVERAGE SwTEE(DOPER AVERAGE RESIDENTIAL CONSUMPTION & COST 33 \\

r l TECHNOLOGY HELPS HUMAS RESOURCEE l ADVANCE TRAINING & DEVELOPMENT y mwa-w' [ is d .7 k.1 g, ^* P nog r,ogg p ,, F ". '. '. C; Wo2 'o u~ w L .e. h n

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~, _ l 1'% g, f y nn ,y f i f f T I p, S fg ~ - w ym 4 n 3% y p gg a $$o as INDUSTRIAL RELATIONS EMPLOYMENT - Extensive other programs such as the junior Resourcefulness is a necessity in recruiting was conducted through the Engineering Technical Society, were areas such as employment, compen. use of advertising. col!cge campus used as a long range recruiting tool sation, training. employee relations, visits, job service, and other to encourage students to enter I and occupational health, especially methods. This resulted in over 4.350 electric u!!!ity related career fktds. during periods of rapid growth and external applicants and the hiring of Conteued use of an effective job l changing conditions. The personnel 186 new employees. Employment posting system emphasized promo-function has met these challenges growth was approximately 10 per-tion from within and resulted in 160 i with proven methods and innovative cent, and the total numbe.r cf employees being selected for other l

programs, employees by the end of FY 1982 lobs in the organization.

l wcs1.202. Participation in cooperative educa-tion programs, career day programs at various colleges. technical educa-tion schools and high schools, and 34

i Training instructor Harvey Harrell sets controls on new computer-driven simulator used to train unit operations personnel on start-up, operations, and emergency procedures for coal generating stations. i t 3,2 [it il T %w iHr U. (({lMi 1B $_il@? 7 1 f, \\ f c. W i >" i ? j ' '> s, I ~ f)l h ~ %3 y:p M h! i $... # ? EMPLOYEE RELATIONS - Open WAGE AND SALARY AD-EMPLOYEE BENEFITS - Im-j communications were stressed for ef-MINISTRATION - The exempt provements were made in both the fective employee relations through salary plan was extensively review'ed health and dental insurance pro-l the use of person 1 contact, and updated with adjustments made grams. The dental program em-employee advisory committee to reflect current job responsibilities. phasizes routine and preventive care, meetings, the suggestion program. Emphasis on " pay for performance" with hopes of reducing major prob-and an "open door" policy. continued to be a trademark of lems in the future. Participation by employees in-this program. Participation in pre-retirement creased in company-sponsored off-The unique non-exempt hourly counselling and regularly scheduled duty recreational programs such as wage program, which permits benefits briefings offered to basketball, softball, volleyball, and rewards for superior performance, employees was excellent. golf. Employee involvement in such was effective and received high increased company support was programs had a positive impact on employee acceptance. provided to the totion aid assistance morale. and improvements were program and over 100 emp*0yees made to most of the recreational received financial assistance in fur-facilities. thering their education. 35

i ?? ??M}Mg ,,,,.d h}r}/%cN[fQ.lTMRV*%K'"}iyXQ l Q[;_"[Q - E, F # ': ' M, y, Nj ' k(.[ 4 3 OCCUPATION AL HEALTH - ' I ' ft:: p' W ph A, With health and welfare of W? a. Rg W@$..x :g;Jy% % ;g g g" M Ud g.a z.:. ~- WW ' a %ffic;* W a employees a maior goal. several new 8 g ,W approaches for better health care F:pg.1 t 3,.y p(y < ;, g f " ;jn; Q w (, m yf @;Q Sf3 were begun. These included a s <g u - 3p V&c;MI6"Nd N*7 'd behavior modification program i;d.qy y % 1 [Zdj,M featuring non-smoking and weight pggyy]};h jd3Q MAh 1 .jjy, 7pg jJ pb- ~n control sessions. .m .g Qg MM,j, Over 500 personnel were trained m. [; ' Whp ,,ge . yer in First Aid and Cardiopulmonary e nN Resuscitation. Twelve new employee . a W '1 ,'L ? Y instructors were certified and CPR s gpf .usu y'- s( Lg.y training was also offered to 4 7 % employees' families. 1 ? Extensive multiple health tests were given to over 800 employees at jd3 several company locations using a X mobile health van to accomplish this i goal. Early recognition and identifica- [;,d tion of health problems and a com- ,\\ prehensive hearing conservation pro-Ghg gram resulted in employees receiving ~ , y /l timely medical attention. q )=, %.~3G ^ hh TRAINING AND DEVELOPMENT j p%()]1 A generating station control room simulator was acquired and training / 1 ;. 3w j - g, p of unit operators on this equipment Q

4 began. It is expected to produce cost j

and equipment savings and improve ??f(p fflyj the efficiency of operations and 4 pe V_ 7/q h[Nd ,1

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d maintenance in all of Santee k;pa&m N ? ' ?lc, M( f B M. r V

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Cooper s generating facilities. ~-.. +< v; m is. Over i.000 personnel completed 6 c@.. ' MW # W;g

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n: 5 M.w s, training courses conducted by in-house and external instructors on I subjects that included management. supervisory development. customer relations. employment interviewing, power plant fundamentals. basic electricity mechanical maintenance. data processing. and blueprint reading. l Nancy Gressette. Career Foundation Administrative l Ass <xiate. examines one of several fluorescent replawment fixtures being l recommended for conserving energy 36 in home lighting. l

J L EQUAL EMPLOYMENT The first place award has been ~ A special plaque was awarded to OPPORTUNITIES. earned 12 times in the past 18 years Santee Cooper dispatchers for 40 and for the fourth consecutive year . years' meritorious service without an Employment, compensation, pro-motion. and other related decisions ' by Santee Cooper.' injury to an employee caused by a tra based solely on job-related in addition to this recognition. 34 _ dispatcher's instruction during that qualification without regard to race, units of Santee Cooper earned addi-period. ' color, sex, religioni national origin, tional awards from the National. .Special 40 year service' plaques for 'ag2, or handicap: except where sex. Safety Council and the South. safe driving and safe working were ag?, or handicap is a bona fide'oc. Carolina Occupational Safety Council. presented to four long-term cupational qualification._ The company also received a first - . employees. place award from the Council for i Seventeen employees became - electric utilities operating in excess members of various safety club'.s . SAFETY of 500.000 manhours annually. _ designated to recognize those who - In 1981. Santee Cooper again Santee Cooper Piesident's safety i . avoided injury by wearing safetv earned the first place award from Award, presented for crew and sec-devices or equipment. . the National Safety Council and the tion safety while operating under American Public Power Association hazardous conditions'without a for having worked in excess of disabling injury, was earned by 82 - 2.000.000 manhours annually crews or sections during 1981. without a lost time injury, an in-Safe Service pins were presented - cidence rate of 0. to 177 employees who worked for periods of up to 40 years without a disabling injury. Safe Driving Awards were presented to 155 drivers 6f.. company vehicles for driving without - a preventable motor vehicle accident - for periods of up to _40 years. 37

F -l PLANNING & RESOURCEFULNESS MAINTAIN CONIPANY'S STABILITY g)c**"!%,-a,,,h bhk'..L

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zi. khh-jff h05?WMQ$ I? fg. mag #5% gyp @p'jf pr%;g%y,'g g g t* ' T r p asp ?nlW'r!"Ub$~q' P ~a @t w -E sFT mm -..,4p y ~_ .,., agiQg: FINANCE & ACCOUNTING allocations. allowance for funds used CORPORATE FORECASTING, RATES . CONTROLLER's OFFICE - Accounting during construction, and construction AND Statistics - SIMPLAN. Santee methods and procedures were re-overhead. It also allows completwf Cooper's Corporate Forecasting com-fined and streamlined through con. construction projects to be allocated puter modeling system, was used for tinued improvements made in using. directly to plant-in-service detail strategic financial planning and short the computer. These included new or records. and long-range budgeting. It provided expanded capabilities which allow All employees were provided an on-line information for the cor-journal vouchers to be entered on-option for direct deposit of payroll porate financing program and - line and updated immediately to the checks and a popular provision of assisted in the development of cost general ledger; and automatic entries ' the program permits deposits to be were programmed to handle leave pro-rated among up to three separate accounts or banking institutions. 38

Long-term contracts such as with Bow Valley Coal Resources. inc.. located in Bell and Harlan Counties. Kentucky, assure Santee Caper of fuel resources beyond the year 2000. fR, g :.. w r-,,. Q f.% j ' ; :._ ,1 '; s'y y z f \\'- ', r. f 77 K. ,.h ' S9 e'- ' ~,M .,. ws f.4 w...,, p.'. <y.. '..,, ... :J. - R.my.

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3 s.. e4 m i f;.. - s: ; l* l 3 a v k 3-EI 'W^ .sk [ftn 2.N.A rps ]' = yu y pg.m ' S, g ki f,[ ,t Qfg pl x .d -t J[ (( V ~ f %.y q ; g; ' ' c 5" 5 3,% ..c r ~ - %v, 4T ,s-j.. data under the new Central Electric improve the timely processing of in-backup tapes was begun to protect Power Cooperative Coordination dustrial and wholesale customer bill-against loss or destruction of impor-Agreement and in connection with ings. It also assists in the day-to-day tant data. A total test version of the the development of a Key Corporate analysis of load research data. which company's data base operating Indicator program which will assures the atailability of currcnt in-system is now being used to allow measure Santee Cooper's operating formation for rate design. test program changes and results and compare them to those MANAGEMENT INFORMATloN enhancements during the prime of like entities. SYSTEMS - On-line instantaneous in-shift without affecting production A new translator /competer system

• ormatio 1 processing systems were processing.

was installed early in 1982 which will proviced throughout Santee Cooper during the past year for accounts payable. metering. records manage-ment. and direct deposit of payroll checks. A tape management system i was installed and off-site storage of 39 ~ s.

) l TREASURY - A new cash manage-ment system was implemented dur-Ing the year with one of Santee Cooper's major banks to allow l longer investment of funds, resulting lI ~~ p; 4 in higher interest income. Three A 3 } => disbursing accounts were con-solidated into one account and, to { } . produce more efficiency in handling l g,.' [< f il i receipts, seven checking accounts evn were closed by consolidating collec-

w, tion functions. Four major financings totaling $530,000.000 were suc-cessfully marketed as part of Santee Cooper's ongoing financing program.

Three of these financings were tradi-tional, long-term bond issues and one was a one-year note sale -n through competitive bid. FINANCIAL

SUMMARY

1934-1982 Since Santee Cooper was created in 1934, a net amount of $1.621.171,000 has been invested in its production. transmission. distribu-t. tion, and general plant facilities. f_" s These capital additions have been ~ ' ~q. financed through reinvested earn-J} ings. Issuance of electric revenue bonds and notes, lease contracts, \\ and a federal grant-in-aid of $34.438.000. Santee Cooper's net earnings before taxes since the first power was generated in 1942 total $195.286.000. Payments in lieu of taxes have been made to the State of South Carolina totaling $19,723.000 and to the counties and municipalities within our service ter-ritory totaling $7.436.000. The re-maining net earnings of ) $168.127,000 have been reinvested j in system improvements. l In a new working environment, 1 Emily Brown, Supervisor, Treasury Accounting and Wayne Bridges, Supervisor, Data Ce.~ter use Management information System data terminalin assessing cash flow 40 disbursements.

R:v nue bonds totaling $215,674.000 at the time they were As of June 30,1982. unexpended $1.987,594.000 have been issued refunded. Principal payments on all funds from the sale of bonds sinca the creation of Santee Cooper. bond issues, including tt e 'ssues amounted to $180.207.000 in addi-Bonds which were originally issued refunded, total $36.070,000. Out-tion to debt reserve, debt service, in 1949,1971, and 1976 were ad-standing bonds as of June 30,1982, and interest funds which totaled vinced refunded in 1973 and 1977 totaled $1.735,850,000. The average $446,851,000, cnd have been defeased. These annual interest cost on these bonds bonds had an outstanding balance of is 8.82 percent. {dr g164.921769(51.43%) V) [! $131,188.755 (4091%) { i l_3

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$101.801.652(31.74%) }.? t-j ) i i L { $ 58.3M805 (1820%) ' #*) 'l' $28145288(&78%) $27,121.191 (846%) [j $ 12.95995 (4.05%) yyy gg42.,,y $9.259.015 (289%) l l ku $?59\\$i]) l l ':), E es[cs c N maiea h% SOURCE OFINCOME DISTRIBUTION OFINCOME REVENUE DOLLAR REVENUE DOU.AR

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, mmw.v. y& l' a-e APPUCATIONS! l OF REVENUs[ !l 1 YEARS N jgIN 90 1982 AND.1981)ll 4, ' gryp 3 - og c;

1982 19811 cj TotelopettigBeemuss

. $30F.731,'125 :.8246.346,151) j OposeNegh L-Opesaden i- , Pachsen _. {.172.205.IISNI49.427.242 - P'ssteerd and blendienged - 3:){ yM4llet.f J I,798A06 iI,873.222 - 1 hasuedulen l 9.299A15.' ' 9.275,105. j _ DIIIstagen 1 A99,489 [

1.190.841-L ij CasesseurAcessses 5.763.477f 11.990,345 -

Sales'.

45.928

'467,545 Adlebignsisgee and Gensed Il,744.316 ; 5.739.323i Mabasennes y . 24.40BA99j .15.626,164 ' l.1

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. DitelWeseman ansi, ..... f ?3'187,809,825 : ]j sealetensees asiasmes i 226.120A42 Ma

564.554:

? 965.799 / ] 1Sunisin Lamm dfluses L. ~ " ' JTelel0pesadesbeenses . 226AS4.596 : 188A55.624 i d W 1 ' Net Opmedes Setenses 80A46,529 '.;57.490.527 9] Other incesse - il2,976.9950 s 8.657,508 - Dj d . Revenue AveAshie der Delst servies d r 9BA23.524 J L 66,148,U551 ] ' and Other Purposes Total Debt Servler

45.491.037 l

$ 37.017.536 1 1.eese PegmentsMCuesel...

,~ 5.248.66f? '5.263.000 d Pdadpsf and besseetenCIher M - CIIEWillM8 ' ]. y ?9AI6.,j} 83.215 ed e.eernsbese,= i.ee k y .,y

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Perments, andOtur ChEpseems 2 44.M10.610 7 - 23.74' As3 7 Pugmeals to the S' ee of Sesah Casehne KI,400A061

i.300,296-J Pupmanien t?.2 4 estd Rusene,

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noe-w aI.o005h m u.397;. *1 Mendnery as asematen ser Q]

.,~ 4~- ]3 ' 19473.469 c i Captist teguesemeses ? 24.407,196. a itevenue Asaduble tur.Cpesenha s ~d ~ W S 15,788A47 L$ 11,867,521.' g. Qf'ja:; ~ .e_ 43 , ^ .... lW r. , (1) 1985 mamany hee been pseposed teos the Anencent easseunents . land eene does of the Amihasti and nas not been esenhead by.. i ' See %anhwe.19ds osass.ary presens the not L ~ "q sevemensaseldeto the Rossene Pteel ser purposes such as -, '. gesehgder timesses to wedseg espasi regetrumentes k eMars -

i

' hem themetument d mehwasted senengs in that k regnessets ? eesh ammudess on elebt eersees and, socordhdy endedos nom 4

f. cash team aush asdesmedsson, aAssenes for funde used dudng -

ensugnalen and of debt agenount and agenme ' ~ j ~ p:Q[, "e -y j 1 .~, kW g - y g ';+ e

s

-j ,5

2.

_L_- a 1

wseer K% Mir: SCHEDULE OF BONDS OUTsTz=Ed!$b s 4m As of June 30.1982 Maturtty 1950lasse 19871ssue 1973 Refundng issue 1973 issue 1974i DatD July 1 lat. Rate Amt. Int. Rate Amt. Int. Rate Amt. Int. Rate Amt. Int. Rate 1982 2.70 260 4.10 160* 5.00 755 5.00 920 6.00 1983 2.70 265 4.10 165-5.00 795 5.00 970 6.00 1984 2.70 275 4.10 335* 5.00 830 5 00 1.025 6.00 1985 2.70 285 4.10 630* 5.00 875 5 20 1.075 6.00 1986 2.70 290 4.10 660* 5.00 920 5 20 1.1 30 6.00 1987 2.70 300 4 10 685* 5.00 %5 5.20 1.185 6.00 1988 2.70 310 4.10 715' 5 00 1.010 5 20 1.250 6.00 1989 2.70 480 4.10 575-5 00 1.060 51/4 1.315 6.10 1990 2.70 1.900 4.10 420' 51/4 1.380 6.20 1991 2.70 1.950 4.10 440* 5 30 1.455 61/4 1992 2.70 2.005 4.10 455' 5 40 1.530 6.30 1993 2.70 2.060 410 480* 5 40 1.615 6.30 1994 4 10 2.605* 53/4 1.700 6.40 1995 4.10 2.720* 53/4 1.795 6.40 1996 4.10 1845' 53/4 1.900 6.40 1997 4.10 2,975* 53/4 2,010 61/2 1998 4.10 3.105* 53/4 2.125 61/2 1999 4.10 3.245' 53/4 2.245 61/2 2000 4.10 3.395* 53/4 2.375 63/4 2001 4.10 3.545* 53/4 2.510 63/4 2002 4.10 3.705* 53/4 2.655 63/4 d 2003 4.10 3170* 53/4 2.810 63/4 2004 4.10 4.045' 53/4 2.970 e.f 4 2005 4.10 4.230' 53/4 3,140 6J/4 2006 4.10 4.420* 53/4 3.325 63/4 2007 53/4 3.515 63/4 2008 53/4 3.715 63/4 2009 53/4 3.9M 63/4 2010 53/4 4.155 63/4 2011 53/4 11.520 63/4 2012 5L4 12.180 b3/4 2013 53/4 12.880 63/4 2014 63/4 2015 l 2016 2017 2018 i m 2021 "^ 2022 Total Outstanding 10.380 50.425 7.210 98.305 1ggi 3 j Bonds Redeemed to 6-30-82 4,920 1.175 4,840 1.695 1 Onginal issue 15.300 51.600 12.050 100.000 1 e- !s 2 (i- _e M ,Ty,m Bonds i

• • The Subtotal of Pnonty Obligations and Expanson Bonds (page 47) includes $1,048

' for the AB Loan which is not :ncluded ~~ l - se M _d %. L_l" d"h -1_ EGE

asraamu %_ _ _s

= _ = - _-

JWM t f DING (in Thousands) 1977 Rotunaling issue 1977 Issue 1978 issue 1970A lasue 1980A 1ssue Int. Rate Amt. Int. Rate Amt. Int. Rate Amt. Int. Rate Amt. Int Rate Amt. 4.15 2.500 4.00 420 4 30 200 5.40 70 81/2 135 4.30 2.595 4.10 410 4.40 895 5 40 575 8 60 145 4.45 2.710 4.20 435 41/2 780 5.40 955 8 60 680 4.60 2,835 4.30 445 4.60 .0 5 45 985 8 70 740 43/4 2.975 4.40 470 4 70 1,015 51/2 1.025 8 80 800 4.90 3.120 41/2 490 4.80 1.0 70 5 55 1 v65 8 90 875 5 00 3.280 4 60 515 4.90 1,'25 5.60 1.105 9 00 950 5.10 3.450 4.70 540 5.00 1.200 5.70 1.150 9 10 1.035 5.20 3.620 4.80 570 5 05 1.155 53/4 1.195 9 20 1.130 5 30 3,830 4 90 590 5 10 1.220 5.85 1.240 91/4 1.235 5.40 4,035 5.00 625 5 15 1.285 5 90 1.300 9A 1.39 51/2 4.260 5 10 660 5.20 1.355 5.95 1.360 9 40 1.4,5 5.60 4.480 5.20 720 51/4 1.440 6 00 1,425 9 45 1.615 5.65 4.710 5.30 785 5 30 1.515 6 05 1,490 91/2 1.765 5.70 4.995 5.40 830 5.35 1.585 6.10 1.565 9,80 1.930* 5.70 5.265 5.45 89u 5 40 1.670 6 20 1.645 9 80 2.120' 57/8 5.590* 51/2 935 5.40

1. 60 6 30 1,725 9 80 2.330*

57/8 5.915* 51/2 1.005 5.70 1.850* 6 35 1.815 9 80 2.560* 57/8 6.275* 5 55 1.065 5.70 1.940* 6.40 1,915 9 80 2.810' 57/8 6,665* 5.60 1.130 5.70 2.045* 6 45 2,025 9 80 3.085* 57/8 7.050' 5.60 1,220 5 70 2.145' 61/2 2.135 9.80 3.38P 6.00 7.490* 53'4 1 995* 5 70 2,260* 61/2 2.260 10 1/8 3.720* 6.00 7.950' 53/4 1.380* 5.70 2.380* 6 ?/4 2.390* 10 1/8 4.095* 6.00 8,450* 5 J/4 1.460* 5.70 2,500* - 63/4 2,540* 10 1/8 4.510* 6.00 8,970* 5 3/d 1.570* 5.70 2.630* 63/4 2,695* 101/8 4.965* L 30 9.400' 53/4 1,795* 5 70 7,385* 63/4 2.86F 101/8 5.470* 6.00 9 %0* 53/4 1 045' 5.70 7.845* 63/4 3.010* 101/8 6.025* 6.00 10,565* 53/4 2.080* 57/8 8.330' 63/4 3.160* 101/8 6.635* 6.00 11.210* 53/4 2.225' 57/8 8,845' 67/8 3.335* 101/8 7.305* 6.00 4,980* 53/4 2.180* 57/8 9,390* 67/8 3,525* 6.00 5.315* 53/4 2,300* 57/8 9,980* 67/8 3.720* 6.00 5.625* 53/4 2.500* 57/8 10.590* 67/8 3.925* 6.00 S,010' 53/4 2.640* 57/8 11,250* 67/8 4.140' 6.00 9 %5* 53/4 21.065* 57/8 11.950* 67/8 4.3 /0

• 6.00 11.285*

53/4 21.235* 57/8 12.555' 67/8 4,610* 53/4 34.580* 57/8 13,190* 67/8 4.870* 57/3 50,600* 67/8 5.135' 67/8 25,550 m- - -... - -. _ ~.. _.. ---.. - - ~ ~ hil 8'h1!Cilll 206.870 115,000 199.900 109.865 74.875 8,280 100 135 125 - p .f-f ' i 7,m I l %s p y. , d_2 l 215.150 115,000 200.000 110.000 75 000 1. d N_N M@j O l[3 i i? Me s _ w

1. - _t_-

m c__ m -? . sum - neu.

P+ t w W .c 981A lasse 19818 issus - 1981Cleeue-1982A leone 19828 laeme Total Total Principal Accruing Debt Rate Amt. ' int, Rate. Amt. ~ lat. Rate _ Amt.. Int. Rate Amt. - Int. Rete Amt. leaturities laterest Service 6.305 115,945 122,250 7,795 154,577 162,372 9,060 152,447 161,507 f2 ! 555 '710 91/2' - 1,375 91/2' - 565 13,720 151,435 165.155 10,500 151,988 162,488 5 .615' 101/21 D -680-10 3/4:- 785 10.00 - 1,465 - .10.00 655 14,590 150,583 165,173 0. ,760. 11.00 ' 865 ' !101/2-1,595 101/4 740 15,545 149,649 165,194 h '845' itt1/4 - %5 11.00

1,735.

101/2 835 16,590 148,623 165,213 T 9401 . 11 1/2 - 1,070 ' 11 1/2 1,905 - 10 3/4 940 17,730 147,501 165,231 5 '1,050 11 3/4 - 1,185 ' 11 3/4 - 2,105 11.00 1,060 18,950 146,299 165.249 3.

1,165.

112.00 1,315 - 12,00.- - 2,335 11 1/4 1,195 20,290 144,979 165,269 '4 1,295 '12 1/4 1.470 12.30 - ' 2.590 - 11.60 1,345 21,760 143,524 165,284 3 1,435 - .11.00 ~. 3,090 " 131/4' -1,875 - 12,10 '1,815 25,195 140,117 165,312 -121/2 1,635-- '12.60 2,895 11.90. 1,515 23,375 141,923 165,298 3-1.600' 5 1 F75 ' 11,10 : 4,000 - 13 1/4 i 1,530 > 12.20 ' 2,040 27,150 138,174 165,324 3 1,970 - 11.20.' 4,220-13 1/4 - J 1,925 . 12.30 2.295 29,280 136,053 165,333 '4 ' 2,190* 11,30 4.590- .13 1/4 : 2,250 123/4 85* 29,120 133,725 102,845 '4 2,430* 11,40 ' 5.090 13 1/4 2,545 i 123/4 95* 31,385 131,464 162.849 '4 2,700*. .11 1/2 ' 12,010 . 9,875* ' 1123/4 100* 36,895 125.950 162.845 37.235 128,992 166,227 '4 . 2.995? 131/4; '4 8,000* 13 3/4-5,265*- 123/4 1,330' 40,000 122,846 162,846 (13 3/4 ' ; 14,735* 12 3/4 1,530* 43,265 119.583 162.848 ' 14 1/8 ' i,170*.. 12 3/4 17,320' 47,205 115,643 162.848 14 1/8 ' 1,320* - 123/4 19.540* 51,420 111,428 162.848 14 1/8 '1,495* 13.00 915* 34,935 106.783 141,718 14 1/8 1,685* 13.00 1,050*. 37,370 104,351 141,721 14 1/8 1,905*. 13.00 -1,200* 40,065 101,655 141,720

14 1/8 -

2,155' ~ 13.00 1,375* 42,975 9P 745 141,720 141/8 2,440* 13.00 1.570* 46,130 95.588 141,718 l/4 1,300* 91/4 8.520*' 141/8 985* 13.00 1,800* 49,550 92,171 141,721 1/4 1,430' 91/4 9.310* 14 1/8 1.115* 13.00 2,040* 53,085 88,635 141,720 l/4 1,580* 91/4 .10,170* 14 1/8 1,260* 13 a 2.320* 56,895 84.826 141,721 i @/4' 1,745* 12.00 '1,195* 10.00 ..9,365* 14 1/8 1,9&' 13.00 2,625* 60,995 80,722 141,717 p/4 1.920* - 12.00 1.335* 10.00 10,635* 14 1/8 1,910* 13.00 2,990* 65,690 76.031 141,721 1/4: 2,120* 12.00 1.480* 13 3/4 8,475* 14 1/8 5,395* 13.00 3,395* 70.550 71.168 141,718 I/4 2,330* 12.00 1,655* 13 3/4 9,625* - 141/8 6,130* 13.00 3.885* 76,265 65,451 141,716 j l,/4 2.575* 12.00 1,845*. 13 3/4, 10,930* 14 1/8 6,965* 13.00 4.445* 82.495 59,222 141.717 1/4 3,500* 12.00 34,905* ' ' 13 3/4. - 12,420' : 141/8 7,905* 13.00 5.095* 39,375 52,346 141.721 /4 23,500* 12.00 46.585* - 13 3/4 - 14.270* 14 1/8 8,980* 13.00 5.830* 99,155 42,555 141,720 10 1/2 50.000* 13 3/4 44,280* 14 1/8 10.205* 13 00 6,665* 111,150 30,568 141,718 L ' 14 1/8 62,000* 13.00 62,800* 124,800 16,922 141,722 4 75,000 200,000 150,000 165,000 165,000 1,735,850** 4,571,187 6.307.037 - 22,250 75,000 200,000 150,000 165,000 165,000 1,758.100 43. -n---_----

r ELECTRIC STATISTICS Recal Year 6/30/82 6/30/81 6/30/80 6/30/79 6/30/78 6/30/77 6/30/76 6/30/75 6/30/74. 6/30/73 Total Utikty Plant-net including nuclear fuel (at year end) (I thousands of dollars) 1,465.919 1,204,325 950,628 759.839 577.936 437,162 355,971 277.976 223.633 166,261 Bonded indebtedness (at year end) (2 thousands of dollars) 1,735,850 1,261,420 990,100 917,690 810.190 495,190 431,210 383,050 383.905 175,720 Operat;r.g Revenues D thousands of dollars) Residential 27.121 21,949 17,639 15,255 14.585 10.801 9,109 8,354 4.910 4,266 Commercial 28,145 22.452 18,835 16,822 15,530 12,439 10,738 9,665 5,703 4.833 Industrial 131,189 99,551 40,417 35,131 26,672 21,557 19,357 20,929 11.349 9,624 Mihtary 12,487 9,225 6,954 6,567 6,330 5,049 4,754 4.564 - 2,834 2,410 Mun!:: pal 955 704 587 546 526 422 391 257 217 196 Wholesale 105,994 90,971 65,997 59,975 54,101 42,265 36,215 32,038 16,512 13,594 Other Electric Utilities

• 975 507 1,021 4,220 5,196 Miscellaneous 1,840 1,494 1.364 1,401 1.236 1,219 1,168 (1,516)

(009 1,012 Total 307,731 246,346 151,793 135,697 118,980 94,727 82.239 75,312 46,754 41,131 - Operation & Maintenance Expenses Charged to Operations (in thousands of dollars) 226,320 187.890 109,997 103,928 88,144 71,904 57,737 59.214 36,861 26,958 Payments in Lieu of Taxes Charged to Operations (in thousands of dellars) 565 94 928 726 658 734 550 405 126 124 Papents t; the State charged to Reinvested Earnings - (in thousands of dollars) 1,00 1.300 1.300 1,200 1,201 1,797 844 764 1,093 1,007 Net Operating Revenues Available For Debt Service (in thousands of dollars) 94,219 66.503 46,732 35,958 33,796 28,091 29,799 19,983 13,604 16,889 Reinvested Earnings" (in thousands of dollad 38,610 21,048 21,406 10,791 5,516 8,978 11,902 8,060 3,704 12,530 Oebt Service Coverage: Expansion Bonds 2.16 1,90 2.41 2.12 2,30 3.34 3.25 4.52 12.60 Prianty Obligation & Expansion Bonds 2.07 1.79 2.14 1.88

• 98 2.46 2.45 2.56 2.69 3.87 Kilowatthour Sales (in thousands) j Residential 541,522 536,461 472,495 443,186 446,247 403.107 342,232 319,744 287,653 267,471 Commercial 569,474 549,737 511.726 506.243 489,437 449,335 404,501 375.320 333,608 303,306 Industrial 4,049,632 3,952,408 1,890,415 1,788,087 1,441,494 1.356,706 1,202,291 1,240,927 1,255,888 1,181,805 Military 350,127 343,258 306.582 316.537 323,763 302,789 301,172 291,632 284,449 285,440 Munlopal 17,811 17,572 17,506 16,956 16,670 15,495 14,381 13.075 10,690 9,687 Wholesale 3,351,328 3,470,012 3,099.574 2,881,781 2.843,955 2.576,794 2,220,559 2,018,602 1,795,621 1,575,921 Total 8,279,984 E.369,478 6,298,298 5,952,800 5,561,566 5,104.226 4,485,136 4,259,300 3,967,909 3,623,630 Number of Customers (at year end)

Residential 46,310 43.462 40,053 38,058 35,590 32,513 30,738 28,580 26,958 25,254 Commercial 10,129 9,754 9,236 8.859 8.466 8,102 7.558 7.280 7,122 6,760 Industrial 25 25 24 21 20 19 21 21 20 21 Military 3 3 3 3 3 3 3 3 3 3 1 Municipal 224 216 212 207 197 189 183 163 144 119 Wholesale 3 3 3 3 3 3 3 4 4 4 I Total 56,694 53,463 49,531 47,151 44,279 40,829 38.506 36,051 34,251 32,161 Residential Statistics (average) Kilowatthcur Consumption /Custorner 12,093 12,875 12,151 12,097 13,174 12,832 11,551 11,487 11,060 11,018 i Cents /Kilowatthour 5.01 4.09 3.73 3.44 3.27 2.68 2.66 2.61 1.71 1.59 Generating Capabihty (year er.d) (megawatts) 1,965 1,965 1,736 1,456 1,400 1,120 1,120 1,092 792 772 Power Requiraments and Supply (kilowatthours in millions) Generation-Hydro 522 414 824 680 702 715 739 784 707 82S Steam 8.492 8,620 5,800 5.343 5.238 4,402 3,779 3,012 3,399 3,459 Combustion Turbine 18 31 10 6 38 21 2 11 11 7 Total 9,032 9.065 6,634 6,029 5,978 5,138 4,520 3,807 4,117 4,292 Purchases Net Interchange, Etc. 378 371 193 429 95 4 74 429 282 303 (213) Tott 9,412 9.436 6,827 6,458 6,073 5.612 4,949 4,689 4,420 4,079 Calender Year 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 TIntonal Peak Loads (megawatts) 1,754 1,554 1,352 1,231 1.161 1,065 943 911 829 736 ) Denotes Negative 44 ('Ertective July 1,1977, Interchange sales were reclassified as a credit to purchased power,

• • Reinvested earnings referred to above and on pages 48, 49, and 50, reflect revenue available to meet Santee Cooper's Bond indenture and Reso'ution requirements.

3g , g e Ty m, y, ; h, c,,, .i + l .k. 'q' ~ ~ w. ~%q{'*^, t + e- . / Y-. + T-1 -y., ,. s kl M ^ 17~. *. s a "' k * ~, y'; < g }. Q',* ? k -l - 3 - ~ ._q c w n~ - ~ f 2-n ~ s AUDITOR'S OPINION 1 ? ', ~*~ 'w,. (. 2 t+ 1 s. I ~^ F

• I s

7 ,. }.> MB 6^ i 'd .lThe A'dvisory Bird; ~ j s W, s s. + .r,t

, and Board of Direct 6rs.t. 7' w '

7b U N..t -..s O , n f'~ ~ y: South Carolinal,; ,i -Ny J' ~ Public Service Authority ; ^ ,-.- g > v '- .Colur6bia, South Carolina; ; t "N ~R .,.t~ .a g .."We have examined the balance + ~ -sheets of the South Carolina Public

• 3 ji y

~ Service Authority at June 30/:1982[. t 'N ~ ~ iand:1981','and the related stats 7 ' ' T@ ~ s - ^ iments of reinvested earnings;t.. T' - accumulated earningi feinvested in e. Mi s the business, snd changes in financial 7 position for. the ' years;then ende. d. J Our examinations _were made in ' '~ M -- accordance with generally accepted V ,~ ' auditing ' tandards and,'accordinglyh, s - included such tests of the accounting. records and such other auditing ( ~' . procedures as we considered;

necessary in the circumstances.

-7 i ? in our opin.lon. the above _ s t mentioned. financial statements 1. ~'.- 3* present fairly the financial ~ position of 7 ~ the_ South Carolina Public Service.;. 4 a L Authority at June 30/1982 a'n'd 19812 and the resu;ts.of its operations and) i the changes in fts financial position 7 p ~ l for the years then ended;in ' con ' : .(,,, formity 'with' generally accepted. accounting principles applied on a J ,oj. 7*- consistent basis.~ d; ~ 1: .: c_ ~ I, Coopers & Lybrand1 ..o' Columbia; South Carolina l August 27.1982 - H + m A ui. g".I e e 4-45 4-a m _up + u . c-e a 7 9

m. c ~ q, _, n, - .u,,. c %~ +

p. : l

%14,_ - +- p, ,,3 i~*r,,7 ,. < = A: p' V +,p, .j ,-)]'

• < :g;2.',. " ; j '., ' r ',, o

.._ n, P_

o,.. ,,T.f..7'. d- _yl P'N.'t,. _4 C + g v d% y ., * : f_. q): _' uw. l-t s s;.2 m.', _ s ,.,- u. r ,=~:~.~ .s _._y, o nMw xnwwmumaf : = c' m a @>, _ #.y u. n M. - i p!qc-w - - a. m . c w+- u ~. a; xs -, y-i~ ,m.y, - >p.:"..,. .m - ; ~ q p ~;n - ~.

• .m nr..

t ._ ( 7. y ue.?,nu. ,4j,, v 4 '. < g, d .' n. ' 1 g't-g y'- j'. - p w; [$- u me a' g, ', ... y f 3y <g' ..c., - n, r n<+c, u,t t , + m g y 'de 92 g .we

g&h ' quW

' M7,.. 2 D. - y, 1 n. , con. . OW : = a L S.g%.q.*uw., c

3. ? ~r y r.;e.,c g;,

~ s =s.,+ s. ..r... "r. v.? ; D.., '.W <,3p 3.s.. ,y,,,, '. Q(t e L +; o n, ,T;..,r # ' s s ;,. y > >

• 44 -

_4 g, j Q; n.W. , j Af((C /" (,..~,~9W - -,s f.;,... - sh-j&ja, * + .y y. . c f. ' ::)~;.A f Q< t y;; W. _' -,f% d uj yqv s

m-x.

a ~ ~.. <

v.. ' " W%~o Y. ' Q.w.pI982h. M 19.81?,-

m. ~ ~ Assets s , s ~,. y Vg gj ?$g yj4t { (j j[f W;@j g$31,734,742j,$ $703,27l.968j - Otility Plant - At Cost (Note 1)/ N.F, 9 e, Electric plant in servicei t . i Gy f$ Construction work in progress ; $ w< MW 737,935,578 = c f615 301.455( ggs - ~ N. ~? g... ;mgf q;%a (:I, ;599.,674,3 3 3 r. 71.318,573,4.23,7 Total . j. 4 Less accumulated depredation:-g. "# '

• C W,,V53HI55 253 632W, u,l32 40ljl451 AC -

w m ~ d$$m 9 W @I,444,422,6SIMI 186','l 72.278i h Electric plant - net' M % ' i T.%f% %+ M.)28,496,546j%I8,152.742 $+,;mid Nuclear fuel (Note 31 ~ Utility plant - net 6 g.. 4 PWWI.,465,939,227F,., l 204,325.0,20 7- ~ ~ \\, [4 '., 'r- $446.8897 Other Physical Property (Net of Accumnalated Depeeciation)? MMW 345l',869 i +e m m jf ,(2 g Unexpended Funds frees Sale of Electric Systems Espamelom

• 's f gW N, v@ggWISS,207,240j@MI57;556,248fd,

7 .g 7 Reve7:ue Bonds (Note 2): -. ,N Debt Service and Other Specist Funds lNote_2)? Mag lg ; Q jd"[483,SSC680?M247,359,232. ^ s >m.; #, % T : ' N

o. k, 'c P-c

_~ C = Carrent" Assets: m,.,. e. n.g ; a$ $m. 7 fiyl- @ps # j.S gE+,gg}p [II,587,386VC fl0.73 ^ .'g, - 2 ,: w g y.. s 3 sW,.cyy g 7 Cash and securities: zs Hel.d by trustee a V Y,, @. Y,1. 47.3,2212,. o28,253,6949 - LA r. <,sy,r,...D,E.y Other 3 -- N f ^ Accounts receivable, less allowance for' doubtful a,ccountsh

• Ug47 4-A
• n

.g c29.94.5.276f

i N YQ[9~dd6J5.W, NF5 #

if 2,964,953 MMll5385440 ~ Acciued interest receivable i hM d W... N_N_ w.* ' &~ leientories, at average cost-a.a. s m SF. m.WM.A. 39,112,4. 75 La 5 3. 2.2. 5 I~.003 s. m Fuel (coal and oll) , ' [7 [n g < Q 3My4,068,012{%3,407,8_471, v es 'i

4 Materials and supplies'

- l A E_. fMR RE,127,677f # $599,6[(, Prepaid expenses t' Total current assets W J '. d 87,529,4IS/ W 78.I.'l87.728 C, ~ s M.,m n,' ' ~s,, %~.R,. J < J^ 4,%m.. G ~ .m Deferred Debits: c. mm. ? Unamortized debt expense (Note 1) < '4 ' AM nV nh M23,548,387L'@,di1;634;937J n "i[ 2d, @o@t,' EM, I,021;594.c<e,',~ <339,226~ @E.W */t20',762;D ? Unamortized loss on reacquired debt (Note ()f ; v n ~ T '; *l c Other n ' ~ W 33,790,7431,- 4,211_568,929 ? c; Total deferred debits 2 m ' '. 1c m. G M MW' s s ' :-p . nm,- a q.,r s v - l r m : r m -, .m , j 4-;- N-.. -... 3 _ ",% 5 M 4 6 ig./y ,s. Total - J" M$_2,251,760,I68 7SlJ12,444,046/ 4 1 9 2 '- y gygg ', , g ;, ~ 4 7 _. e u m

s 2

is .4 . s I e A "'. 3 d%, ^j $ (. oi. - 1 - 2, .W 5 c -- 3, .;s;. ;;.p W ng. o 1 " g iV o a c.*.* q f.yy ' -- -C + ,e i g .'n: 77;;

r. g u.

i s '.g 4 7 4 f 1 mm, I,A.~;, m, , w - l m , wc - ?.n -c t ' i c 2_h f - j z.7 l I

_e-ree ey

. W,, S; ; 4 .q m .~ 46 The accompanying note are an integral part of the financial statements. YS ' ~~ f w.; n i i, __'. Q 5 t 4, " W- ? i z .2.- '.: 4 p * < 'n Y y' .1 j m ..s ,.) ,,_ y

t l I l Liabilities. Je 1982 1981 1 Long-Terms Debt (Note 4):

Priority obilgations 69,063,527 70,594,343

Electric System Expansion Revenue Bonds I,667,835,000 1.192,285,000

-l i ~ Subtotal Electric Revenue Not'es : I,736,898,527 1,262.879.343 n 125,000,000 75.000.000 Capitalized lease obligations.~ .85,609,546 87,930.536 Bank credit agreement ' 50,000.000 j Other 150,000 225,000

Total long-term debt 1,947,658,073 1.476,034.879 Less:

~ , Reacquired debt ;." - 660,000 320.000 ~ ~ -_Unamor*hed debt discount and premium'- net, 26,876,298 21.070.747 Long-term debt net ~ I,920,121,775 1.454.644,132 Ac: rued Interest on Leag Terms Debt .72,499,660 36.531.682 - Construction Fund Liabilities -- Accounts Payable 1 '21,423,149 17.178,485 ~ C;rrent Liabilities:-~ ~ l A'ccounts payable,~ 18,343,881 23.609.256 Customer deposits 1 2,484,944 2.614,965 EAccrued sums in lieu of taxes; 408,208 453,962 Other... 145,697 242.126 Total current liabilities? 21,422,734 26,920,309 - Comissitueemts and r-

(Note 7)

Deferred Credits: I,078,851 1,267,439- . Unamortized gain on reacquired debt (Note 1)' - Nuclear fuel settlement (Note 3) - 12,343,731 10.546,135 i 304,359' ' Other/ ~

Total deferred credits :

13,726,941 11.813.574 ' Capital Centributions - U.S. Goverm.aent Grants .34,438,264 34,438.264 1 ( Accumiulated Earnings Reinvested in'the Business - .168,127,645 130.917.600 ~ $2,251,760,168 $1.712.444.046 ~' ' Total M ~ s-1 i 5 s I M d' 47 ( N e .a2 --ow u -w .a. o-a-

l l a y ~ z e

• 4-y

- u --} y 1982 1981 +' i 7 Accumulated earnings reinvested in the business _beginning'of period ~ ($l 30,917,680: ' Si i I,t $9,624 ) [ - Reinvested earnings for the. period e ' ~

• 38,689,958' 21.048.272

.Totali. .369,527,651. 132,217,896 Distribution to the State of South Carolinal 1.c ~ 11,406,8961 'l,300,296 m Accumulated earnings reinvested in the business - end of period ~ j $168,127,645 : $130,917.600 ~ .. U l. 4 ~ _~ ~;- yg-a ~ t i A ~ ' + y 9 [ t r) s . n :1 n i t 'r A g j. 4 G b _r-t -7,- l ~'i ' j A ( - f -g-4 ': -. m. ,,: ;c , 7 ..m o ' (, 4 s 7-{ \\. =*. _ p.- o. q;- + nu

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3_ e, s . 7 l _ d t. gl } '.;,, ,5 v ~_ M. -D ,.,. if,. , a., _.. y !, 4 48 EThe accompanying notes are an integra,l part of the financial statements. o ' m 4 . - -f'...-.;.., ^ A, Es}~ f oi s a. '.-}_, y. L a;u.. f' 4 y ~ P t,. 1 ,,_ g 2 .1-. i I. 4-( s

4 4 w e me ( b ~.- g .I f I .v a . i-c 4 s i v , (( # ~ ^ ~ ,5 f p' : 3 1 7 l ;., ? --7~. e 3 7 ,w *1982; fl981 cs . Operating Revenues: c ~ l ^g- - $345,891,I l lt u S244.851.426.. Sales of electricity -- 69 lq7 _,y

7 7-g-

e

I,840,SI4.y i t,494.725i Other operating revenues -

e Total operating rwenues' . 307,731,125;

.246.346,151 l J'

Operating Expenses: y Operation expense:- 1? <r s g 172,205118 [ Ul49,427,242) Production Purchased and interchanged po,wer -- net.. m 9- ^ 19,259,075 .9.275.103 ,11;798,806;. !!.873,222 l. Transmission V f I',059,489 { l.170,841" Distribution ^ Customer accounts ' ?5,763,4776 ..l.590,345' ^ Sales ,i85,928~ '167,585 Administrative and general.- 11,744,316 15,739,323 Maintenance expense t 24,403,895 ' 18.626,i64: Total operation and maintenance expense - 226,320,042 .187,889,825. Depreciation

26,535,302 21,237,703 J

- Sums in lieu of taxes 564,554 ,965.799: Total operating expenses . 253,419,8981 7210.093.327; Cperating Income 154,311,227 ~ < 36,2 52,8241 Other Income: M H: Interest income: 5'2',955,699.- K8.612,182 a Other funds 1 Borrowed funds 147,588,4572 ?22.407,053 Allowance for funds used during construction . 591,264f L 83,422 + other than borrowed h. ads (Note 1) Other - net 21,296: 45.3:5 Total other income 61,156,716' 31.147.983 Total

I I 5,467,943 "67.400.807' I

Int: rest Charges: Interest on long-term debt 123,563,338-75.628.944' Allowance for funds used during construction - - ' (48,595,85 4 d0.425.506) - borrowed funds (Note 1) Other 1,898,418-- 1,149.097 Total interest charges 76,857,892 46.352,535 Rillvested Earnings $ 3 8,6 1 0,0 51 $ 21,048,272 The accompanying notes are an integral part of the financial statements. 49 3 [ ..L.7. m ~- .)"- [

4,FL L e ~ 1982. -1981~ Funds Provided By: - Operations: Reinvested earnings $f 38,610,051 . $ 21.048,272 0 ' Charges (cledits).to. reinvested earnings not providing or requiring funds: Depreciation ~ .26,535,302 21,522,875i ^ 30,508.928): - Allowances for funds used during construction (49,187,I10) ( Amortization of debt discount and expense I,691,677z u926.484 ' 1 Amortization of gain or loss on reacquired debt - net .(8,709) ' i15,108.- Total from operations - 17,643,20I1 13.103,811-Sale of bonds / notes 530,000,000-350.000,000 l 4,000,000 Capitalized lease obligations increase in accrued interest on long-term debt. '35,967,978'

7.144,634-Increase (decrease) in construction fund liabilities J4,244,664

< (3,270.378) Nuclear fuel settlement I,797,596' 372,490 : Other - ' 304,359 L I44,790 ' Total funds provided : 589,955,798- ,371,495,347: Funds AppIled To: Increase in utility plant '238,927,360' c 2 44.697,487-- Retirement of long-term debt 1 56,055,816 f -:4.158,012 Principal payr.ents - capitalized lease obligations 2,320,990 2,146,746 increase in u'nexpended funds from sale of Electric System Expansion Revenue Bonds '.-22,450,992. 9.256,200-Increase in debt service and other special funds 1236,522,448

84.291,927; Distributions to the State of South Carolina 1,400,006

-1.300,296: Additions to unamortized debt discount and expense. '19,410,678. 14.467.651 Reacquired serial bonds -145,875 190.750-Other 682,368: Tota! funds applied 578,116,533 , 360.509.069 Increase in Working Capital $, I I,839,265 ($.10.986.278 Increase (Decrease) in Working Capital by Consp9nent: Cash and securities: Held by trustee 850,9621 ' S.2 580.779 - Other (2,235,795). (5.017,486) Accounts receivable, less allowance for doubtful accounts (I,691,582) 14,154.300 Accrued interest receivable .I,368,409- .1,139,791 Inventories

7,521,637 8,364,638 Other current assets 528,059-149,031 Accounts payable 5,265,375 (10.324,331) 3 Customer deposits 130,017 (197.319)

Accrued sums in lieu of taxes 45,754 -(48.078) Other current liabilities 56,429-184,953 Increase in working capital $ II,839,265 $ 10,986.278 50 The accompanying notes are an integral part of the financial statements.

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,y 'y ,c 3:L a - c, e v i y^ 'S ' * 'h , q '. ' d ~ [ g* -1 r ., o., r ^ 4 + -'"( y 7f y ,4 ,w ~ wn - %a. t 7,. > 4-$ f ]; J.u We.- s > ' * ? <.y. ? I' ' 2d , Nif + - S? ; jk WE. Q D'S gR. i[' ,e y% 3 :k w$.9 I pi +a :Q;I,. "QQ ? s ,y. W< 1.Q C c-L; &,, S}& glw p r y 4 w' D %: 1 c / ;bw a c M~.? q a A; j Wmp pv sa K wm c&e, 2 m >eQ~p n~wn y y 5~% :L g W q W eJ Q g)H W h M x:h @ W u:>< g $ MQ;h..sw&&, my%: U 4 ~. .@myf Qg Ugn dgngh}ypi 4 Ww O y y&p3 L &[.4h2 fmhhk'p my _. - Q y4 4 s,g %w %; y y.~ w,I n. .a re MWT< y MM$ ' 3 construction periods'q @g<$ yy4ygg ~d is capitallaed in'the same y n y m: y y M~.MMG, manner as' construction labor an an 4 4.a ~ [ tA ~W. - e n b A -- System of'A ~ cloudthe h b k"*I"8'h"k AW 0"NN k,q, of the Author.ity.are'maintai$ed substa_ntially indy *%gg constmedon pmlects is hted_using b eff ~.. ,e ' WMinterest rates of $e respective borrowings. 2:%gW .caccordance with the Uniform' System of Accounts prescribed by the Federal FMergy'Regu o gQfcompounded annuallyi AFUDC;for~oth~er funds _ mps e s v - g %, Commis. sion (FERC). SN Note'F be. low.l.a. tory; w& utillaed was, calculated based on the Authority'sM.gM9 N M 5 relatingW@h y: b J, # average r, ate of r.eturn'for th~e.la~st t s - ~ 6 mae %. to calculation of allowance for fu~nds u~ sed,a% ~ m. o -+ ~ - - = w w &. ; Tw%wh_ w o ' ^IG Amortiz,a, tion -.. Unamortized de. bt discou v s o during construction / ~, < - - ~ . B1 Utility Pla'nt.CaN..$lizakion',And MNntenarkey ' ws @m - 4 4 pmmlum(and xpnse am bdng'arnordasd o.W gjl gy 9 includes material, labor, overhead, and allowance'fdr% g4 andjosses,e relat.ed~ v - tg,W-, ;slives of th - Un. amortized sal..?. ' 4' > .4 . Additions to plant are recorded at cost,~which3x. .~. .on macWmd mg funds used during construction.The costs. of current pr y y the respective lives of the refunding debt issuess y 4 MH - Allowa.nce,for Doubtful Accounts -The?

• _,

+ ~ repairs and minor replacements a.re. c.harged to ap% o ^+ 4-e A0thority maintains,ariallowance for. doubtful UN ' w 4 m m rm - -4 propriate operating expen.. se.. a.n.d_ clearing a'ccounts.,p - ~ w m aw Costs of renewals and betterments are capitalised.m.a M accounts receivable which had'ba,l.an. ces of '."~ ? F S > %.. w .s The original cost of utility plant retired'and theYM i MpCS4.201'.872 and $269.832 for the yearg ended lune 7 jj Q3082 an%,Q8%.pcup< s 4,, l pq y cost of removal less" salvage a e cha,rgedjo accuks -.'yNg ..y-J - 4 _ 9-- 3 O ~ Izted depreciationc y, n %,@ + '4 ' " *p.$ >1 s YM C - Depreciation -- Depreciation is providedfon ag fy' straight line basis over the' esti. mate.d. >useful_li.v..es ofi.

,/

~ the various classes of the plant.fAnnual depreciation - ,b "A .5 'O provisions, expressed as a percent'of'aserage dem M 2 b ciable utility plant in servicec were approsimately ; <$ GUnexpended funds f-om the sale of expansions 3.30% and 3.25% for 1982 and 1981/ respectivelyy ' " bonds, dsbt' service funds."and 'other special'fundsl 1 2 D - Operating Revenues and Energy Costs .T Jare held and maintained by trusties and their use $ N ~ Revenues from sale of electric [ energy, including; 1 ([vafious trust' indentures. bond resolutions. ~ M amounts resulting from application of fuel adjustQ ment clauses, are recorded as meters are read! Fuel q } fagreementse and the Enabling' Act induded in thel, e costs are reflected in. operating l expenses as 2 Sobth' Carolins law. Such funds consist principally ofi j r consumed.

ia investments in govern' ment securities carried at J 8

E - Pension Costs -- Employees of the Authorityi = amortized cost. ' l are covered by a State Pension Plan administered by ' 4 I the South Carolina State Retirement System which - provides for employee and Authority contributions.- Contribution rates are fix'ed by State statutes. Th.e' Authority's contributions to the State Pension Plan LThe Authority and South Carolina ~ Electric and Cas e f ~ were $1782.093 and '$'t.'4_l7.837 for the years' f ISCE6Gfare parties to a joint ownership agreement _ ended June 30.1982 and 198't. respectively< Data' s providing that the Authority and SCE6G shall'own; concerning accrued benefits and pension fund ~ assets the Summer Nuclear Station presently under cons relating to Authority employees as e not_available.- struction as tenants in common with undivi_ded - F - Allowance for Funds Used During Construction - ~ interest of 33-l/3% and 66-2I3% respectively. - The allowance for funds used during constructioR. SCEGG. as agent for itself and the Authority.-is solek [ IAFUDC) reflects the cost for the period of capital-responsible for the design, construction. ope ation. I devoted to plant under construction; including' maintenance and decommissioning of the Summer l nuclear fuel. This cost represents interest charges on Plant, and the Authority is obligated to pay its borrowed funds and a reasonable rate of return on ownership share of all costs relating thereto. At - i other funds used to finance plant additions during June 30.1982 and 1981, construction work in Si

i

( k ~ +

4;< '. :~l :' $ ~'b :

s. t~EmZ l,.i,,..,, ,n%.a _, ', w ,,,w 4,, ;,,, ; ;_.,, ,..._y,, d. y.', n TH fy s s

7,; s~ j - progress included approximately.$364.930.000 and j ' commence in'the year 2013. The Authority will begin D $300.691.000, respectively,~ representing the ' accruing over the remaining life of the facility. Its-l Authority's investment, including AFUDCL M the 7 share of the. estimated decommissioning costs when Summer. Plant;Nuslear fuel represents th? nuclear, generation commences._ These costs will be'- - Authorityp investment in the initial core of three, 7 -recovered through the Authority's rates. regions and a major portion of Region Four that will.. cThe supplier under the original uranium supply : - be used for the first reload. I

contra'ct breached.the contract in 1975 due to a

uranium market conditions. SCESG initiated action . The Nuclear Regulatory Commission issued a ; Frcility Operating License for the Virgil CJ Summer; ' seeking specific performance of the contract;.. , Nuclear Station on August 6.L l982;;with'a condition; fprovisions, and a final settlement w'as reach'ed and currently limiting operation to five percent of full : approved by all parties'in April 1980. By terms of

j the order approving the settlement. the court.

' power.. Authorization to operate beyond five ' percent g -lmposed confidentiality upon the details of the : i [of full power will require specific Commission : Esettlement; The Authority has received approxi... ' ' rpproval. -: mately $10.201.000 in cash as partial settlement of. -Whe'n the Summer Plant commences nucleari >g the lawsuit.' Addition 5!!y,5the agreement provides for - power generation. the(Authority. will amortize '- Edelivery of some. uranium, long-term deliveries of 1 nuclear fuel costs based on the energy apended.~

equipment and servlees (including fuel fabrication) at; which will include a component'for estimated l

~ a discount. and 'the prospect of additional cash' ~ disposal costs of spent nuclear fuel. Such amortiza-1 ' tion will be inc!Uded in fuel expense and will be payme'nts pending the outcome of litigation between . the supplier and a group of uranium ~ producers. i recovered through the Authority's ratemakingL

Amounts received have been included in deferred.

" process. ~ I credits and will be~ applied as a reduction of uranium Decommissioning costs (costs to take the plant out ifuel costs consistent with SCESG's treatment of service in thi future) for the Summer Plant are ;

pursuant to an.ordes from the South. Carolina Public estimated to be $249 million based on a 30.5 year -

l Service Commission. Costs of fuel for Regions 1-4 { have been reduced by approximately $3.674.000. useful life with decommissioning expected to ~' ' Prlority Obligations: June 30. Electric Revenue Borids. Series of 1950, bearing in'erest at -

1982 1981 2.70% and due 1982 to 1993 L$

10,380,000 10.635.000 Electric Revenue Bon:is. Series of 1967, bearing interest at 4.10% and due 1982 and 2006 : Electric Revenue Bonds. Refunding Series of 1973. bearing hteresti,

50,425,000

'50,575.000 ~ at 5% and due 1982 to 1989

7,'t 10,000

'7.925.000 Contract Obligations. payable 1982 to 1985 - 1,048,527 1.459.343 Total Priority Obligations 69,063,527 70.594.343 Electric System Expansion Revenue Bonds: } Expansion Bonds.1973 Series, bearing interest from \\ 5% to 5-3/4% and due 1982 to 1993 and 2013 : '98,305,000 99.175.000 Expanslor. Bonds.1974 Series, bearing interest fromi 6% to 6-3/4% and due 1982 to 1999 and 2014 108,020,000 108.300.000 Expansion Bonds 1977 Refunding Series, bearing interest from. 4.15% to 6% and due 1982 to 1997 and 2002 and 2016 206,870,000 209,275,000 Expansion Bonds.1977 Series. bearing interest fromL 4% to 5-3/4% and due 1982 to 2002 and 20l7 1115,000,000 1I5.000.000 Expansion Bonds.1978. Series. bearing interest from E 4.30% to 5-7/8% and'due 1982 to 1998 and 2008 and 2018 199,900,000 200.000.000 Expansion Bonds.1979 Series A. bearing interest from 5 40% to 6-7/8% and due 1982 to 2003 and 2009 and 2019 109,865,000 109.935.000 Expansion Bonds.1980 Series A. bearing interest from - 8-l/2% to 10 l/8% and due 1982 to 1995 and 2002 and 2010' 74,875,000 75.000.000 Expansion Bonds.1981 Series A bearing interest from 7-l/2% to 10-l/4% and due 1985 to 1997 and 2002 and 2020 75,000,000 75.000.000 Expansion Bonds.1981 Series B. bearing interut from L52 9-1/4% to I:% and due 1995 to 2000 and 2013 and 2010 and 2021 200,000,000 200.000.000

m..- 3, e-7 june 30, . Expansion Bonds.'1981 Series C, bearing interest from 10-1/2% Lto 13-3/4%'and due 1986 to'1994 and 2001 and 2015 and 2021' 150,000,000 Expansion Bonds.1982 Series A, bearing interest from; .?9-l/2% to 14-l/8% and due 1986 to 1994 and 2003 and 2022 sI65,000,000 Expansion Bonds,1982 Series B, bearin'g interest from i 1/2% to 13% and due 1986 to 1997 and 2005 and 2022 165,000,000 ~ , Total Expansion Bonds : I,667,835,000-1,192,285.000 Electric Revenue Notes: Electric Revenue Notes 1980, bearing interest at 5-l/2% and due December,l.1983 50,000,000 50.000.000-Electric Revenue Notes' 1981: bearing interest at' 7-3/4% and due June 1,71984 L 25,000,000 25.000.000 Electric Revenue Notes 1982, bearing interest at' 8-l/2% and due April 15,'1983: 50,000,000 Total Electric Revenue Notes - 125,000,000 75.000.000 -Bank Credit Agreement ' -50.000.000 ' Capital Subordinated Lease Contracts, payable' 1982 to 2015. 35,609,546 87.930,536 Other-I50,000 225.000 Totallong-term debt $ 1,947,658,073 $1.4 76.034.879 The Authority utilizes proceed' of debt issues . Authority's Consulting Engineer certifies that net s primarily in financing its construction program'. revenues (as defined) in each succeeding fiscal The Electric System Expansion Revenue Bonds.. _ year after.the date on which such additional 1971 and 1976 Series, were advanced refunded and - bonds are sold to and including the later of (a) the. defeised in 1977 by issuance of 1977. Refunding _ third succeeding full fiscal year after such date or Series Bonds and Special Obligation Refunding (b) the first full fiscal year after the estima+ed date Series Bonds. The principal amount of the refunded of commercial operation of any power plant to bonds and Special Ob!!gation Bonds remaining o'ut-pay the cost of construction of which additional standing at June 30,1982, totaled $218.725.000.' expansion bonds have been, are being. or are Such bonds will be retired as they mature from the; ~.then authorized to be issued, shall be at least proceeds of government obligations held by the ? equal to the sum of the amounts required in such R: funding Trustee. obligations and the expansion bonds then out-fiscal year for (i) debt service on the priority Tha Authority's bond indentures provide for. certain restriction's, the most significant of which are: standing, being issued, or authorized but not yet ~ The Authority covenants to establish rates and !ssued. (ii) payments into the lease fund. and (iii) charges adequate to provide revenues sufficient. . payments into the capital improvement fund. among other things, to pay debt service'when due Maturities of electric revenue notes, priority on the priority obligations and expansion bonds, obligations and expansion bonds during the years to make required payments when due into the ending June 30.1983 through 1987, are as follows: lease fund and the capital impiovement fund, and to pay the costs of operation and maintenance of. the Authority's electric system and all necessary g, p% repairs. replacements, and renewals thereof. Revenue obligations & The Authority is presently required to pay Notes Expansion Bonds Total annually into its capital improvement fund an June 30. i983 s 50.000.000 s 6.7 t9.728 4 56,719,72s amount which, together with the amounts 3o[i984 75.000.000 8.2 i 6.o i 7 s3,2 s 6.oi 7 deposited therein in the two preceding fiscal years. is at least equal to 8% of the Authority's lune 30.1985 9 A 79.051 9.n9,os s gross revenues las defined) in the three preceding lune 30.1986 t o.500.000 10,500.000 fiscal years. Iuna 30.1987 13.720.000 i3,720.000 The Authority may issue additional parity g g 3, ggg 3, 79, g, expansion bonds if, among other things, the 53

,} t y - y - n E he contracthbligations" Included above arose ' Future minimum lease payments on Central leases 1 5 T J through~an agreement to purchase certain : ~. atJune 30. -1,982, were: , (trnnsmissionfi!nes (generally known as the "A-B" Years endinglune 30: Amount ' System) from Central Electric Power Cooperative. 1983 S 5,459,537 sinc; Principal and interest at 2% per annum are E ~ 1984 5,490,221 ~ payable in semiannual installmentsf See Note 6 forJ 1985 5'503 800 s detailsconcerning long-term lease obligat'onsc i l986: 5,503,800

1987

5,503,800 .Thereafter: 108,438,937 1The Authority's bank credit agreement.lwith : sTotal minimum lease payments' 135,900,145 avlilable loans up to $50.000 000, expired on April ' Less, amounts representing interest 50,290,599 s L 30.1982l All loans were repaid, prior to the : Balance at June 30.1982 - $ 85,609,546 Qxpiration date.: Leases, other than Central leases. are not material. Q The Authority has lease contracts with Central Electric Power Cooperative. Inc.; covering a ' steam. . The Authority's Construction Budget, as adjusted Je!ectric generating plant. transmission facilities and ~ for known changes, provides for e. :penditures (pr:n- ~ ' v rious other fa ilities. The lease terms range from. ' cipally consisting of generating facilities - Summer l

thirte' n to thirty-three years. Quarterly lease pay 2 ~

. Plant. Cross '84. Cross '88 and other construction) of e p' m:nts are based on a sum equal to the interest on ~ ' approximately $237.199.000 during the fiscal year 'and principal of Central's Indebtedness to the . ending June 30.1983, and $560.335.000 during Rural Electrification Administration for funds - later years. borrowed to' construct the above-mentioned - f During 1982 the Federal Energy Regulatory ~ fadlities The Authority has an option to purchase r Commission (FERC) notified the Authority that the ~ ! th e le_ased properties at any time during the period - West Pinopolis Dam and the North Santee Dam. tof the iease agreement for a sum equal to Central's. ' which forma part of the Authority's electric utility indebtedness remaining outstanding on the property system, possessad marginal seismic stability under ' nvolve'd at the time the option is exerdsed or to ' applicable design earthquake criteria. FERC indicated i rcturn the properties'at the termination o,f the lease. that remedial measures should be undertaken by the The Aluthority plans to exerdse each and every , Authority to provide an increased level of seismic option to acquire ownership of such facilities prior to stability. The Authority has engaged an engineering expiration of the leases. In addition; the Authority firm to perform studies and planning to determine end Central are parties to a' power contract which' the extent and cost of work necessary to correct the prcvides that the Authority will provide and Central design weaknesses. Until the engineering study is will purchase all of its energy requirements less completed and submitted to FERC. It is not possible

amounts which Central purchases directly from the to estimate the extent or cost of remedial measures l'

Southeastern Power Administration through required. Based upon the facts now known to the December 1982. at which time power supply and Authority, management believes that any costs transmission services will be provided to Central in incurred related to the dams would not materially accordance with_the Power Sy' stem Coordination and affect the financial position of the Authority. Integration Agreement date'd January 19.1981.-This i agreement also provides that each party will have an option to share ownership of future generating fadlities to be constructed by the other; Central has Sales to the two major customers. Central Electric advised the Authority that it will not exerdse its Power Cooperative. Inc.. and A!amax of South option with respect to Cross '84 but will exerdse its Carolina. inc.. were $101.801.652 and $78.963.489 . option to own 45% of Cross '88 and the Pee Dee respectively. and $87,528.539 and $50.840.814. generating stations subject to obtaining finandng respectively. for the years ended June 30.1982. guaranteed by REA.' and 1981. Photo - opposite page: The main building of Santee Cooper's new office complex is an example of energy elficiency. The complex was designed 54 to exceed all Department of Energy recommendations for energy conservation.

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STATE OWNERSHIP Santee Cooper is an electric utility Acts of the General Assembly of which is c.vned as an asset by the South Carolina in 1934 for the State of South Carolina. It was purpose of developing the Cooper. established in 1934 as the South Santee, and Congaree Rivers as Carolina Public Service Authority. Instrumentalities of interstate and i' 'g-This ownership i, unique because the intrastate commerce: for the 6 state has no investment in the production distribution, and cale of

4. ' g company but still owns all its electric power; the reclamation and I

properties and assets. The original drainage of swampy and flooded

gy financing (1938-1942) was by a loan land; and the reforestation of lands

- and grant from the United States around its lakes. Originally known as through the Public Works Admini-the Santee-Cooper Hydroelectric and stration, with subsequent major Navigation Project. the organization additions funded partly by earnings is commonly referred to as Santee but primarily by rever.ue bonds sold ~ Cooper. to private investors. The South Carolina Public Service Authority was established by Act No. 887 of the ADVISORY BOARD Richard W. Riley Governor Daniel R. McLeod Attorney General Grady L. Patterson. Ir. State Treasurer Earle E. Morris. Jr. Comptroller General John T. Campbell Secretary of State 3 56

sL.. BOARD OF DIRECTORS Robert S. Davis B. G. Alderman H. M. Robertson Chairman : President President - Chairman Emeritus The Alderman Agency Inc. Robertson of Walterboro - The R.L Bryan Co. Manning. SC Walterboro. SC Columbia. SC C.B.Boyne Marvin M. Thomas ' l. Thomas Grier Farmer and Retired Merchant Owner-Operator ! First ViceChairman Eastover. SC Georgetown laundry. Inc. President;Grier & Co. Georgetown. SC Spartanburg. SC George W. Jones, Jr. Clyde Umphlett ' Wziter T. Cox , S[" Farmer and Businessman Moncks Corner. S.C. Second Vice Chairman . John E. Miles Vice President of Student Affairs. ' and Dean of Students Attorney-at-Law J. l. Washington. III Clemson University Sumter. SC. Businessman

Clemson. SC -

Orangeburg. SC MANAGEMENT-William C. Mescher " Robert V. Tanner Albert Boyt. Jr. ' Preddent and Chief Executive Officer Vice President Group Manager Produaion Transmission Henry N. Cyrus' - Senior Vice President - W.~ Andrew Burke-David E. Jeffcoat Engineering Assistant Vice President Group Manager Industrial Development Distrkt Operatform Clarence S. Gramling ' - Senior Vice President - Hiram M. Hicks, Jr. Robert E. Petracca L System Operations Assistant to the Vice President Group Manager Engineering Design Property & Transportation Systems vice President Charles H. McGlothlin, Jr. Byron C. Rodgers Finance General Counsel Group Manager Produaion Operations Joe C. Norman John E. Bishop Vice President Controner Ronald H. Holmes Commerdal Operations Manager L P. Dorman Industrial Relations Lucas C. Padgett - Corporate Secretary Vice President Jerry L. Stafford industrial Development. Denise McWhorter Director Assistant Corporate Secretary Corporate Communications , Vice President Engineering Design - 57

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