ML20083P837
| ML20083P837 | |
| Person / Time | |
|---|---|
| Site: | Wolf Creek  |
| Issue date: | 04/11/1984 |
| From: | Koester G KANSAS GAS & ELECTRIC CO. |
| To: | Harold Denton Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML20083P838 | List: |
| References | |
| KMLNRC-84-059, KMLNRC-84-59, NUDOCS 8404200207 | |
| Download: ML20083P837 (23) | |
Text
bh KANSAS GAS AND ELECTCIC CQMPANY pM wcucmccw wv OLENN L MOESTER
/
v<tpasscame wwcLame April 11, 1984 Mr. liarold R. Denton, Director Office of Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, D.C.
20555 KMLNRC 84-059 Re Docket No. STN 50-482 Subj: Transmittal of 1983 Annual Reports
Dear Mr. Denton:
Kansas Gas and Electric Company is transmitting herewith one copy e tch of the Kansas Gas and Electric Company Report to Stockholders 1983, Kansas City Power & Light Company 19P3 Annual Report and Kansas Electric Power Cooperativo, Inc. Audited Financial Statement for 1983.
'Inis informatior. is submitted in accordance with 10CFR50.71(b).
Yours very truly, GLKabb Attach cc PO'Connor (2) 1 l\\
0404200207 040411 PDH ADOCK 05000402 PDH 201 N Market - WocMa, Kansas - Mad Address: PO Dos 2001 #cMa, Kansae 01201 - Telephone' Area Code (310) 2010451
. 's
i Audited Financial Statements Kansas Electric Power Cooperative, Inc.
December 31,1983 i
i i
l
\\
i
)
2
\\
l
\\
l Ernst &Whinney i
l 4
i i
Audited Financial Statements and Other Financial Information KANSAS ELECTRIC POWER COOPERATIVE, INC.
December 31, 1983 Audited Financial Statements Auditors' Report 1'
Balance Sheets.
2 Statements of Patronage Capital (Deficit) and Other Equities.
4 Statements of Revenue and Expense.
5 Statements of Changes in Financial Position..
6 i
j Notes to Financial Statements.
7 i
Other Financial Information Auditors' Report on Other Financial Information.
. 12 Wholesale Power Data....
. 13 Utility Plant.
. 14 Federal Financing Bank Advances..................
15 Actual Cash Refunds to Members /SWPA Hydropower Savings.
. 16 Reduction in Wholesale Power Costs /SWPA Hydropower Savings.
. 17
]
In*urance Coverage.
. 18 Board of Trustees and Alternates, and Executive Committee.
19 1
j 1
(
e 4
Ernst &Whinney 2000 ciiy center square 1
1100 Main Street Kansas Ciiy, Missouri 64105 816/474-8050 Board of Trustees Kansas Electric Power Cooperative, Inc.
Topeka, Kansas We have examined the balance sheets of Kansas Electric Power Cooperative, Inc. as of December 31, 1983 and 1982 and the related statements of patronage capital (deficit) and other equities, revenue and expense, and changes in financial position for the years then ended. Our examinations were made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
In our opinion, the financial statements referred to above present fairly the financial position of Kansas Electric Power Cooperative, Inc. at December 31,1983 and 1982 and the results of its operations and changes in its financial position for the years then ended, in conformity with generally accepted accounting principles applied on a consistent basis.
%d -
Kansas City, Missouri February 3, 1984 -
BALANCE SHEETS FANSAS ELECTRIC POWER COOPERATIVE, INC.
December 31 1983 1982 ASSETS UTILITY PLANT Electric plant in service S
110,648 S
125,887 Construction work in progress--Note B 145,659,623 110,794,905 145,770,271 110,920,792 Less allowances for depreciation 50,579 47,186 145,719,692 110,873,606 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 5,956,424 5,844,180 CURRENT ASSETS Cash and short-term investments (including amounts restricted for construction of $927,544 and S138,075 at 1983 and 1982 respectively) 1,753,044 1,073,264 Accounts receivable from members--Note D 6,249,522 2,061,870 Other 6,461 6,083 8,009,027 3,141,217 DEFERRED DEBITS 160,214 254,076 S159,845,357 S120,113,079.
m..
m.
m A
December 31 1983 1982 LIABILITIES AND PATRONAGE CAPITAL PATRONAGE CAPITAL AND OTHER EQUITIES (DEFICIT)
Memberships 2,800 2,800 Patronage capital (deficit)
(930,212)
(948,266)
Other equities 62,991 30,433 (864,421)
(915,033)
LONG TERM DEBT--Note C 148,067,281 114,868,281 CURRENT LIABILITIES Note payable to National Rural Utilities Cooperative Finance Corporation 2,670,000 Accounts payable 6,988,010 2,128,451 Accounts payable to members--Note i!
600,851 1,082,578 Payroll and payroll related liabilities 22,372 21,904 Accrued property taxes 284,243 241,220 Accrued interest payable 4,747,021 1,719 Other 13,959 12,642,497 6,159,831 COMMITMENTS AND LITIGATION--Notes B, C, E and H
$159,845,357 S120,113,079 See notes to financial statements I
) t L
f
I STATEMENTS OF PATRONAGE CAPITAL (DEFICIT) AND OTHER EQUITIES KANSAS ELECTRIC POWER COOPERATIVE, INC.
Y2cr Ended December 31, 1983 Deficit Patronage Accumulated Capital During Member-(Deficit)
Developnent Other ships Unallocated Stage Equities Total Balsnee at January 1, 1982
$2,800
$ (3,780)
S(3,514,473) $
S(3,515,453)
Raclassified to Construction in Progress--Note B 3,514.473 3,514,473 1982 Net Margin (loss)
(944,486) 30,433 (914,053)
Balance at December 31, 1982 2,800 (948,266) 30,433 (915,033) 1983 Net Margin 18,054 32,558 50,612 Balence at December 31, 1983
$2,800 S(930,212) S S62,991 S (864,421)
S:a notes to financial statements
STATEMENTS OF REVENUE AND EXPENSE KANSAS ELECTRIC POWER COOPERATIVE, INC.
Year Ended December 31 1983 1982 Operating Revenue
$45,502,916
$18,012,089 Operating Expenses:
Power purchased 44,648,216 17,988,089 l
Administrative and general 1,458,559 900,485 Depreciation 13,449 13,884 Interest 309,124 54,117 46,429,348 18,956,575 LOSS FROM OPERATIONS (926,432)
(944,486)
Interest Income 62,991 30,433 LOSS BEFORE ASSESSMENT (863,441)
(914,053)
Assessment to members--Note D 914,053 MARGIN (LOSS) BEFORE TAXES 50,612 (914,053)
Income taxes 8,434 MARGIN (LOSS) BEFORE EXTRAORDINARY ITEM 42,178 (914,053)
Extraordinary item:
Reduction of income taxes arising from l
carryforward of net operating loss 8,434 l
NET MARGIN (LOSS)
S 50,612 9 (914,053) l l
See notes to financial statements l
l I
l l
I L
o
l l
l l
l STATEMENTS OF CHANGES IN FINANCIAL POSITION KANSAS ELECTRIC POWER COOPERATIVE, INC.
Year Ended December 31 1983 1982 SOURCES OF WORKING CAPITAL Net margin (loss)
S 50,612
$ (914,053)
Charges to income not affecting working capital:
Depreciation 13,449 18,496 Amortization of deferred debits 51,381 TOTAL FROM OPERATIONS 115,442 (895,557)
Proceeds from long-term debt 33,199,000 18,311,000 Decrease in deferred debits 42,481 Net carrying amount of disposed equipment 20,568 Other 1,834 21,727 33,379,325 17,437,170 APPLICATION OF WORKING CAPITAL Increase in investments in associated organizations 112,244 2,318,474 Additions to utility plant 34,881,937 25,740,128 Other 86,452 Reduction of long-term debt 13,959 34,994,181 28,159,013 DECREASE IN WORKING CAPITAL
$ 1,614,856
$10,721,843 CHANGES IN COMPONENTS OF WORKING CAPITAL Increase (decrease) in current assets:
Cash and short-term investments S
679,780
$(6,819,927)
Accounts receivable from members 4,187,652 1,780,589 Other 378 1,761 4,867,810 (5,037,577)
Increase (decrease) in current liabilities:
Note payable (2,670,000) 2,670,000 Accounts payable 4,859,559 1,787,904 Accounts payable to rembers (481,727) 1,016,578 Payroll and payroll related liabilities 468 7,069 Accrued property taxes 43,023 237,167 Accrued interest payable 4,745,302 (39,403)
Other (13,959) 4,951 6,482,666 5,684,266 DECREASE IN WORKING CAPITAL
$ 1,614,856
$10,721,843 See notes to financial statements NOTES TO FINANCIAL STATEMENTS KANSAS ELECTRIC POWER COOPERATIVE, INC.
December 31, 1983 and 1982 NOTE A--
SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES Kansas Electric Power Cooperative, Inc. (KEPCo) maintains its accounting records in accordance with the Federal Energy Regulatory Commission's chart of accounts as adopted by the Rural Electrification Administration.
The more significant accounting policies are described below.
Property, Plant and Equipment:
Property, plant and equipment is stated at cost.
Provision for depreciation is computed on the straight-line method on the basis of the following estimated useful lives:
Transportation Equipment 3-4 years Office Furniture & Fixtures 10 years Leasehold Improvements 3 years Depreciation for 1983 and 1982 amounted to $15,283 and $18,496, of which
$13,449 and $13,884 respectively was charged to depreciation expense with the remaining amount being charged to various deferred debits, member clearing accounts and construction in progress.
Short-Term Investments:
Short-term investments are stated at cost which is approximately equal to market.
Investments in Associated Organizations:
Investments in associated organizations consist principally of patronage capital certificates of the National Rural Utilities Cooperative Finance Corporation.
NOTE B--WOLF CREEK NUCLEAR PLANT On December 31, 1981, KEPCo acquired a six per-cent interest in the Wolf Creek Nuclear Plant (Wolf Creek), being constructed near Burlington, Kansas, from Kansas City Power and Light Company (KCPL) and Kansas Gas and Electric Company (KGE). The purchase price was approximately $73,922,000.
Prior to December 31, 1981, KEPCo had advanced $151,500,000 to KCPL and KGE with the intention of acquiring a 17% interest in Wolf Creek.
KEPCo had borrowed such amounts from the National Rural Utilities Cooperative Finance Corporation (NRUCFC) and had incurred interest charges of approxi-mately $57,728,000 through December 31, 1981. On December 31, 1981, the advances were refunded together with interest of $49,531,000. The excess of interest incurred over interest refunded ($8,197,000) has been included in construction in progress as a cost of Wolf Creek.
I NOTES TO FINANCIAL STATEMENTS--CONT'D NOTE B--WOLF CREEK NUCLEAR PLANT--CONT'D Prior to January 1,1982, KEPCo was considered to be a " development stage enterprise". In this regard, certain costs were recorded as a deficit accumulated during the development stage ($3.514.473). Additionally,
$19,499.586 of costs related to Wolf Creek were classified as deferred debits at December 31, 1981, consisting principally of capitalised interest including the $8,197,000 referred to in the preceding paragraph. During 1982, management performed a comprehensive review of all prior years' costs classified as " deferred debits" and " deficit accumulated during development stage", and as a result of this review, management believes that these costs are directly related to KEPCo's participation in Wolf Creek and therefore are properly includable in utility plant. Accordingly, these costs were reclassified to construction in progress during 1982.
Wolf Creek is expected to commence commercial operation on February 15, 1985, as projected by KGE in its November,1983 schedule and budget.
KEPCo's management estimates KEPCo's total investment will be approximately
$200,000,000 including interest and administrative costs during construc-tion. At December 31, 1983, KEFCo has an approved Federal Financing Bank (FFB) loan guaranteed by the Rural Electrification Administration (REA) in the amount of $200,000,000. REA has also agreed to guarantee an additional loan of $30,000,000, and KEPCo is in the process of arranging the loan commitment. KEPCo's investment in Wolf Creek at December 31, 1983, was
$145,659,621, including approximately $1.336,000 that management invoiced to KCPL and KCE for reimbursable construction costs. Amounts retabursed will be credited to construction in progress when received.
NOTE C--LONG TERM DEST Long term debts consists of December 31 19A1 19A2 Mortgage notes payable to the Federal Financing Bank (FFB) at rates varying from 9.658% to 14.7241.
Interest is payable in r,uarterly installments through 1988. Starting in 1989, quarterly installments of interest and principal will commence and will continue through 2018.
Substantially all of KEPCO's assets are pledged as collateral.
$147,510,000
$114,311,000 Advances from member and non-member cooperatives 557.2Al 557.241 MM
r L
NOTES TO FINANCIAL STATEMENTS--CONT'D NOTE C--LONG TERM DEBT--CONT'D l
KEPCo has the option on their first $200,000,000 in FF8 mortgage notes to einct short-term maturity dates of not less than two yeare nor more than seven years af ter the date of the initial advance (subject to RKA approval) or may elect a long-term maturity date of 34 years af ter the end of the calendar wear in which the initial advance was made. On the maturity of a short-term advance, KEPCo may refinance the advance with I
another short-Lers advance with a maturity date of not greater than seven years from the date of the original advance or may elect to refinance with a long-term maturity date of 34 years after the end of the calendar year in which the initial advance was made.
At December 31, 1983, KEPCo had
$105.767,500 of advances with maturity dates between December 31, 1983 and December 31, 1984 KEPCo intends to refinance these advances as described above or under other terns and conditions approved by REA. Accordingly 7
l these advances have been classified as long-term debt for financial t
i statement purposes.
i Advances of funds f rom member and non-member cooperatives resulted from the transfer of assets and liabilities from the Kansas Electric Coopera-tive Inc. to KEPCo during 1971. These funds were used to finance economic, engineering, legal and administrative investigations of projects that were being contemplated. The agreements with the cooperatives state that should an investigation result in the construction of a project or projects, amounts of investigatiots and development costs transfered to project utility plant accounts are to be rainbursable to the systeme participating in the agreements on a pro rata basis.
During 1983 and 1942, interest incurred totaled approximately $17.600,000 and $14.183,000, of which $309.124 and $54,117 respectively was charged to interest expense and the remaining amount was capitalised as part of the cost of capital assets under construction.
l NOTE D--APECI A!, ASSES 9 MENT Pursuant to a Kansas Corporation Commission (Commiselon) order dated l
Detober 31, 19A3. KEPCo was ordered to assess its' members $934,157 (1992 l
ret loss of 9914.053 and $20,704 in 1991 Inbbying expenses initially charged to construction work in progress) together with interest on the uncollected balance during the collection period. The Commission ordered that KEPCo collect the assessment over a twelve month period.
gEPCo began collecting f rom its members in November 1983 so at December 31, 1983,
$785.245 remained to be collected and is included in accounts receivable f rom members,
.g.
NOTES TO FINANCIAL STATEMENTS--CONT'D NOTE E--OPERATING LEASE Building rental expense for 1983 and 1982 was $36,575 and $27,950, respec-tively. During 1983 KEPCo entered into a five year non-cancellable oper-ating lease for office space for $44,625 per year effective January 1, 1984 through 1988. The lease paymente can be increased to the extent that taxes and insurance paid by the lessor exceed the 1984 levels.
NOTE F--PENSION PLAN KEPCo participates in the National Rural Electric Cooperative Association (NRECA) retirement and security prugram for its employees. KEPCo makes annual contributions to the plan equal to the amounts accrued for pension coste. Through December 31, 1983 KEPCo, employees were also required to contribute a percentage of their salary to the plan.
Effective January 1, 1984 KEPCo employees will no longer he required to contribute.
In the master multiple-employee plan, which is available to all members of NMECA, the accumulated benefits and plan asseta are not determined or allocated by individual employees. KEPCo's pension cost for the plan for the years ended Decenher 31, 1981 and 1982 was $40,605 and $33,470, respectively.
NOTE U--!NC0ftE TAXES At December 31, 1981 KEPCo had not operating lose carryforwards for tax purposes totalling approximately $37,700,000. These not operating loss carryforwards are available to reduce future taxable income.
Below is a breakanwn of the not operating loss carryforwards and the period over which they are available to reduce taxable income:
Available Amount Through
$ 8,200,000 1996 12,400,000 1997
__17,100,000 1998 117.700,000 The difference between the not operating lose per the accompanying finaa-ciel statements and the not operating loss for tax purposes is due primarily to the fact that interest costs related to construction which is capitattaud as part of construction work in progress for financial state-ment purposes, is expensei for the purposes.
Investment tan credit carryforwards of $1,378 are available to reduce income tanes payable through 1998. __
NOTES TO FINANCIAL STATEMENTS-CONT'D NOTE H--CONTINGENCIES At December 31, 1982, KEPCo was a defendant in certain litigation concern-ing disputed power billings from Kansas Gas & Electric Company (KGE) totaling approximately $746,000. The dispute is over the effective date l
of a rate increase and related issues. During 1983, the litigation was dismissed without prejudice, pending the issuance of an Order, af ter a formal hearing by the Federal Energy Regulatory Commission (FERC). In conjunction with the dismissal, KEPCo paid a portion of the disputed anount to KGE totalling S295,328, which is subject to refund with interest upon final resolution of this issue. KEPCo had retained funds from its members in the amount of approximately S596,000 to be used for payments, if any, as may be required upon resolution of the dispute. The $596,000 is included in accounts payable to members at December 31, 1983.
In connection with the purchase of KEPCo's six percent interest in the Wo' lf Creek Nuclear Plant, KGE and KCPL have made a claim against KEPCo for approximately $3,700,000. KEPCo's management feels there is no basis to the claim, however, should KGE and KCPL prevail, any amounts paid will be added to KEPCo's investment in the Wolf Creek Nuclear Plant..
Ernst&Whinney 2000 city ce ter Square 1100 Main Street Kansas City, Missouri 64105 816/474-8050 Kansas Electric Power Cooperative, Inc.
Topeka, Kansas The audited financial statements of Kansas Electric Power Cooperative, Inc. and our report thereon are presented in the preceding section of this report. The information presented hereinafter is for purposes of addi-tional analysis and is not required for a fair presentation of the finan-cial position, results of operations, or changes in financial position of the Kansas Electric Power Cooperative, Inc. Such information, except for the pages marked "unaudited" on which we express no opinion, has been subjected to the auditing procedures applied in our examination of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
Mai -
Kansas City, Missouri February 3, 1984 1
WHOLESALE POWER DATA (UNAUDITED)
KANSAS ELECTRIC POWER COOPERATIVE, INC.
Seven Month Period Ended December 31, 1983 SALES Noncoincidental peak demand 347,092 kW Total Energy 824,027,118 kWh REVENUES Total Electric Sales
$37,775,176 Average per kWh 45.84 Mills OPERATING EXPENSES Total Purchased Power Costs (Includes Transmission)
$36,934,256 Average per kWh 44.82 Mills Total A & G, Depreciation, Int. Costs
$ 1,288,164 Average per kWh 1.56 Ndlls Margin (loss)
$ (447,244)
(.54) Mills 9+
p g
y
UTILITY PLANT KANSAS ELECTRIC POWER COOPERATIVE INC.
December 31, 1983 Balance Balance December 31 December 31 1982 Additions -Retirements 1983 Electric plant in service S
125,887 17,219 S32,458 110,648 Construction work in progress 110,794,905 34,864,718 145,659,623 110,920,792 S34,881,937 S32,458 145,770,271 Accumulated depreciation 47,186 S
15,283 S11,890 50,579 S110,873,606
$145,719,692 l
'T -g
-9 y
y-e9
%.3 FEDERAL FINANCING BANK ADVANCES KANSAS ELECTRIC POWER COOPERATIVE, INC.
December 31, 1983 Date of Advcnce 2-Year Maturity 3-Year Maturity Interest Interest Amount Rate Amount Rate December 31, 1981
$48,000,000*
13.787%
$48,000,000 13.952%
May 10, 1982 1,200,000 13.565%
1,200,000 13.575%
June 30, 1982 2,067,500 14.685%
2,067,500 14.724%
Autust 12, 1982 1,050,000 13.062%
1,050,000 13.294%
September 16, 1982 5,450,000 12.102%
November 4, 1982 January 6,1983 January 27, 1983 February 3, 1983 February 24, 1983 March 17, 1983 590,000 9.658%
March 31, 1983 April 14,1983 May 5, 1983 May 19, 1983 June 2, 1983 1,330,000 9.971%
June 30, 1983 4,572,000 10.263%
July 7, 1983 560,000 10.478%
July 21, 1983 640,000 10.673%
August 5, 1983 800,000 11.266%
September 1,1983 585,000 11.169%
September 22, 1983 665,000 10.731%
September 30, 1983 5,300,000 10.624%
October 13, 1983 907,000 10.731%
November 4, 1983 1,140,000 10.712%
November 10, 1983 825,000 10.780%
December 1, 1983 575,000 10.673%
December 12, 1983 1,065,000 10.858%
December 27, 1983 1,245,000 10.838%
$78,566,500
$52,317,500 The advance was refinanced on January 3, 1984 into a two-year maturity' advance at 10.838% interest rate.
/
34-Year Maturity Total Interest Amount Rate Amount S 96,000,000 2,400,000 4,135,000 2,100,000 5,450,000 4,226,000 10.639%
4,226,000 3,662,000 10.496%
3,662,000 300,000 10.909%
300,000 1,020,000 10.955%
1,020,000 590,000'9,,o Availabl. On 880,000 10.627%
880,000 Aperture Card 4,365,000 10.674%
4,365,000 865,000 10.475%
865,000 838,000 10.285%
838,000 470,000 10.617%
470,000 1,330,000 4,572,000 560,000 640,000 i
800,000 585,000 665,000 l
5,300,000 907,000 1,140,000 825,000 575,000 1,065,000 1,245,000
$16,626,000
$147,510,000 n
it A?ERTURE CARD 09/
gy O %<>co P
ACTUAL CASH REFUNDS TO MEMBERS /SWPA HYDROPOWER SAVINGS (UNAUDITED)
KANSAS ELE';TRIC POWER COOPERATIVE, INC.
1983 Cooperative January February March Hutchinson - Ark Valley
$ 15,875.23
$ 22,068.14 S 15,130.64 Horton - Brown-Atchison 7,958.98 11,802.66 7,196.63 El Dorado - Butler 18,451.08 20,591.00 17,277.37 Clay Center - C & W 8,419.15 11,457.92 14,699.99 Cedar Vale - Caney Valley 13,752.66 16,000.31 10,051.38 Meade - CMS 11,433.39 11,020.66 10,121.60 Burlington - Coffey County 9,804.52 12,513.71 7,306.04 Solomon - D.S. & 0.
16,181.02 24,386.76 14,775.25 Council Grove - Flint Hills 14,327.38 21,340.58 13,732.05 Mankato - Jewell-Nutchell 12,267.02 13,337.67 11,506.86 McLouth - Leavenworth-Jefferson 10,947.65 16,427.89 9,808.28 Emporia - Lyon County 6,918.92 10,196.88 6,704.43 Belleville - N.C.K.
6,545.26 6,899.24 5,926.50 Pratt - Ninnescah 9,830.36 13,627.49 12,916.11 Norton - Norton-Decatur 4,870.15 5,440.57 4,942.08 Wamego - P.R. & W.
6,486.48 9,718.12 5,809.33 Fredonia - Radiant 9,014.38 10,245.69 9,095.38 Cheney - Sedgwick County 13,597.29 15,664.35 13,435.32 Girard - Sekan 11,072.66 12,522.12 10,945.69 Ellsworth - Suoky Hill 6,711.55 8,242.48 6,708.91 Lindsborg - Smoky Valley 1,971.17 3,071.96 1,972.57 Wellington - Sumner-Cowley 26,184.89 19,899.78 18,929.83 Altamont - Twin Valley 4,817.11 7,113.35 4,677.50 Iola - United 13,252.38 15,310.91 13,606.41 Dodge City - Victory 8,466.83 8,791.81 7,676.17
$259,157.51
$327,692.05
$254,952.32 c
, %s.
April May Total Refunds S 13 961.04
$ 8,961.71 S
75,996.76 0
7,234.39 4,144.67 38,337.33 13,667.99 8,098.59 78,086.03 11,912.62 8,162.40 54,652.08 8,720.99 5,434.57 53,959.91 7,642.64 6,919.91 47,138.20 6 407.59 3,668.71 39,700.57 0
14,953.92 7,979.92 78,276.87 13 506.38 8,335.40 71,241.79 0
8,448.85 5,535.26 51,095.66 10,209.35 5,870.35 53,263.52 6,425.75 3,618.14 33,864.12 4,212.57 2,776.36 26,359.93 9,522.96 5,303.25 51,200.17 3,700.76 2,553.48 21,507.04 6,017.22 3,327.03 31,358.18 7,290.41 4,879.48 40,525.34 9,964.37 6,470.52 59,131.85
' so Available On 9,097.61 5,672.52 49,310.60 Aperture Card 5,403.34 3,662.07 30,728.35 1 941.42 1,205.88 10,163.00 0
14,006.61 9,287.93 78,309.06 4,469.63 2,750.32 23,827.91 11,537.03 7,277.47 60,984.20 6,043.46 5,019.41 35,997.68
$216,298.90 S136,915.37
$1,195,016.15 T.
/PEFUlE CAD 0 7 of gq00A
/:
1
=
(
REDUCTION IN WHOLESALE POWER COSTS /SWPA HYDROPOWER SAVINGS (UNAUDITED)
KANSAS ELECTRIC POWER COOPERATIVE, INC.
1983 Cooperative June July August
^
Hutchinson - Ark Valley S 14,670.73 S 31,466.59
$ 25,096.95 Horton - Brown-Atchison 5,273.11 10,685.16 8,559.19 El Dorado - Butler 27,481.57 31,102.21 22,136.16 Clay Center - C & W 7,844.96 13,276.37 10,522.69 Cedar Vale - Caney Valley 23,750.40 26,096.44 17,870.01 Meade - CMS 25,334.35 26,771.68 20,849.64 Burlington - Coffey County 12,360.68 15,526.63 11,589.13 Solomon - D.S. & 0 10,918.15 27,435.24 21,769.65 Council Grove - Flint Hills 11,096.87 24,839.46 19,708.24 Mankato - Jewell-Nutchell 21,414.08 25,042.06 17,769.88 McLouth - Leavenworth-Jefferson 7,215.82 18,125.49 15,311.29 Emporia - Lyon County 5,542.26 11,954.74 9,605.07 Belleville - N.C.K.
11,596.05 20,032.80 13,503.48 Pratt - Ninnescah 15,855.67 27,014.95 21.109.52 Norton - Norton-Decatur 8,322.70 8,422.23 5,896.99 Wamego - P.R. & W.
4,351.21 11,061.60 9,738.22 Fredonia - Radiant 14,649.65 15,614.09 11,085.35 Cheney - Sedgwick County 25,080.91 30,980.70 21,795.73 Girard - Sekan 16,378.27 18,754.97
'12,902.91 l
Ellsworth - Smoky Hill 11,139.26 13,713.67 10,203.70 Lindsborg - Smoky Valley 1,596.33 4,204.83 3,523.88 Wellington - Sumner-Cowley 30,420.69 32,115.70 22,138.10 Altamont - Twin Valley 3,862.04 8,321.95 8,479.24 Iola - United 21,142.18 22,754.47 16,542.34 Dodge City - Victory 19,506.26 25,452.66 20,316.52
$356,804.20
$500,766.69
$378,023.88 Y
a e lr
g b
Scptember October November December Total Savings S 20,666.91 S.19,083.76
$ 18,599.64
$ 15,791.85 S 145,376.43 7,790.57 7,990.86 8,748.93 7,881.57 56,929.39 15,959.75 16,846.46 21,411.18 24,936.39 159,873.72 8,547.18 8,962.14 10,282.70 10,786.01 70,222.05 13,627.59 13,983.99 15,295.73 13,169.17 123,793.33 15,266.12 15,100.89 14,250.80 11,465.28 129,038.76 8,948.31 10,392.36 12,107.06 11,953.94 82,878.11 19,615.58 17,243.08 18,447.43 17,149.32 132,578.45 17,683.47 16,787.05 16,901.27 14,706.30 121,722.66 11,894.20 13,080.71 14,329.26 14,849.21 118,379.40 13,754.10 11.871.67 12,478.99 11,775.72 90,533.08 8,817.79 8,607.08 8,524.13 7,555.76 60,606.83 7,694.40 9,220.50 9,414.53 8,109.85 79,571.61 16,463.10 14,648.47 15,280.03 14,275.43 124,647.17 4,118.75 5,232.75 5,550.10 4,943.16 42,486.68 8,302.93 6,966.40 7,442.67 6,906.73 54,769.76 8,268.64 8,653.52 10,085.29 9,640.17 77,996.71 14,851.65 15,264.34 16,052.02 18,015.12 142,040.47 10,725.04 11,246.34 13,082.84 13,017.73 96,108.10 7,785.77 7,944.30 8,366.18 7,556.51 66,709.39 3,042.03 2,563.86 2,619.17 2,213.09 19,763.19 16,564.75 17,989.70 19,916.30 19,319.65 158,964.89 6,230.68 6,104.85 6,394.29 5,288.08 44,681.13 12,397.63 13,753.80 15,661.31 15,315.66 117,567.39 15,600.79 18,417.33 15,955.33 10,933.38 126,182.27 S294,617.73 S297,956.21 S317,197.18
$298,055.08 S2,443,420.97 Alm Available Ott Aperture Card t
010Po 3 0
gqu#
}
i 3
A3ERTURE CARD s;
INSURANCE COVERAGE (UNAUDITED) l KANSAS ELECTRIC POWER COOPERATIVE, INC.
l December 31, 1983 Type of Insurance Amount General public liability:
Directors', officers' and maaagers' liability
$5,000,000 Bodily injury and property damage 1,000,000 Workmen's compensation Statutory Fidelity insurance (blanket coverage) 100,000 Automobile:
Bodily injury and property damage 1,000,000 Collision
$100 deductible Fire an extended coverage:
Buildings and personal property ($100 deduciible) 95,000 Extra expense 25,000 Loss of income from custoners 25,000 Valuable papers 25,000 Commercial Umbrella Policy 5,000,000 KEPCo is a named insured on Wolf Creeks's Builder's Rick Policy - $300 million, $50,000 deductible l _,.
BOARD OF TRUSTEES AND ALTERNATES, AND EXECUTIVE COMMITTEE (UNAUDITED)
KANSAS ELECTRIC POWER COOPERATIVE, INC.
December 31, 1983 l
Board of Trustees and Alternates Cooperative Trustee Alternate Altamont - Twin Valley Donald E. Hellwig Dora Boore Belleville - N.C.K.
Darold Wulfekoetter Denis Cooper Burlington - Coffey County Dean Martin Richard Prather Cedar Vale - Caney Valley Marion S. Moore Robert Brown Cheney - Sedgwick County David Reichenberger Jack S. Hutchinson Clay Center - C & W
. Charles W. Ellis Raymond James Council Grove - Flint Hills Gerald Ridenour Wilmer Tischhauser Dodge City - Victory Ray Sprenkle Ralph V. Sherer El Dorado - Butler Wilbur C. Reed Edwin J. Regier Ellsworth - Smoky Hill A. D. Paull Stanley Mollhagen Emporia - Lyon County R. D. Speece b
Larry Scott Fredonia - Radiant Max Cain Danny Smith Girard - Sekan Ray Taylor Otes Allison Horton - Brown-Atchison Dale Bodenhausen Glenn Cook Hutchinson - Ark Valley Alvin L. Zwick Delbert E. Tyler Iola - United Elmer Nichols Robert L. Schuster Lindsborg - Smoky Valley Verner E. Lundquist Gilbert Bengston Mankato - Jewell-Mitchell Eugene A. Mick Jim Gouldie McLouth - Leavenworth-Jefferson W. A. Ousdahl Fred Johnson Meade - CMS H. L. Murphey Jerry Rumbaugh Norton - Norton-Decstur Phillip A. Lesh Chrissie Drommer Pratt - Ninnescah Robert Ahrens Donald Woods Solonon - D.S. & 0.
James F. Schmidt Nadine Griffin Wamego - P. R. & W.
Kenneth J. Maginley A. LeRoy Fechner Wellington - Sumner-Cowley Max Kolarik Garland Price Executive Committee f
Charles W. Ellir.
President James F. Schmidt Vice-President l
R. D. Speece Secretary Phillip A. Lesh Treasurer Wilbur C. Reed David Reichenberger Donald E. Hellwig - _ _ - _ _ _ - _ _ _ _
_