ML20087M851

Annual Financial Rept 1983

ML20087M851
Person / Time
Site:	Summer
Issue date:	12/31/1983
From:	Robert Davis, Mescher W SOUTH CAROLINA PUBLIC SERVICE AUTHORITY (SANTEE COOPE
To:
Shared Package
ML20087M848	List: ML20087M847 ML20087M850 ML20087M851
References
NUDOCS 8404020061
Download: ML20087M851 (66)

Text

UL..Q &

• A YwE./.5[ S-WY.,t%%Y $.?%? N NNNn?.2%%%% N$NNAh~

s9NNs??h ~

. Q.l3. _

~ 4%i. f5..

W Nb. 5fll.f ; &lN[ '

' y

^

~

J..

h. k.

fb.$ f * *~

A-

~

&vif

.W

, ::sfW.

7b

/$5NgN 1

y.

N'

~

,p

.9 je -

• _

4 W.,-

' Q'-> ~j N

l.

-' ;;.r'

,5

-l ' '@ l ',

)

f-4 '

1 f.

5

[

• . y ;9 '..../,.a: y p).g x-2

' ~ ! #$ d e 3

.-v

,v

.::a:

. 4, 4 :

n s m ;u.v, ;* '.l.

.sp;. :,,',

(,:

.g

..z '.. ;;...

.l

.;h l.%

...?,.. -s '-

5 c; *

..x Qf n; s'. ?' ' ' g. s &, m.,6 _ '(p ':.; ; y 9Q-c..

• 's.. Q' qq(v. ',

'y 'r_,,.<.V,..-

-..t,_.'u-.'..:_

3

,m

'v C_.

N

.e.

~

^

j n 4.r;f.

.s.:..' '.o...

g *-.

• y.*:.,'

.L.:. y;w g

] h.

. %.~:.

. ll:/ Q. ?',

'hi l :' y

• \\ ' ;s

, '. N '

.'y

'~

3.f 4 @

.: ; y -?_. ".,l

%.h. :'q*,

h.

g}'_

h.~7::p..;. -n. F.., #

vu -

w.

4. _y y :.' c. a. g.y.' f C..;

L v.

w n.

tf.

< n.,.w:g

,9-

,1

,' s

r.,a p;-

6

.f.. s.,., _.. -...-

. - ~., a_

~.a

,m<

n M ; s {q. ?:

g:f

h. ;rk 9 ; 'y a,..... - s. ~....

1 n

+. n.

.i.

~.. ~

;., e G. %.,.,., n ". n.y; p v.Q; - - f..,'.-.p

... <. : L.., v. b 2.. w ;

- g,).f v

~

.-.~

ly b.~..y., 1.]

r,

.. - + ;

.L.n s

@n:.&.

b

.. s) 4.;4 y

-;4 w

+-

..a%n v.:

c.

~.. ~: : :..

y.

a -

.,m c,:: ' = x

~ -

..r

.+.:

~

+ o

.o.

s..

,&;.% k:

a-

. -+

m!c," &":p m%

?%

-A. e ; ^

e

.L;. ' :.. -

.. : A :..,

n' f-y: F

<g.

a

.~

- r -

sp v:,

... ~.

A.

a u:

c.

- a g.> v: ~

o

?..

m,,.

.o.

W. W M '..[

d:.:

+ -

v ?'

,: Y

M.

f ~

g>.: A'y.. _

\\

'.'u.'

..e.

MGb.m% -

'K' %.

- :.'Q;-

r

...L r

hlQ%f. 9y %.:Y %

4_ f.

1. y: V

.... *.. r..

.2..

a

~

En.'. ; a,.

. ' ' x,.. ;. - i.

4. e.,.y y

a. b.4[ f.,p[-:.?

.hd

-h

(.

' l.I '.. [M.'.,h. :E., N.

M 1

y.-

_ '..;',.?. '. ^

y,.

' 9, ~ ::.

.a.

ur s

Le 4,

$N { * = T -['

y.

_.o

. "$~fyf@~\\y,h 4,--

~.:.,lIh ? Y 3

M

'sk'3sjAg.s,: f,'h u..,.9 m.;..-

, 5. $..?

f *; t ' ^ \\ c *.$.2l l

, 1

' f.h,,P. : T < Q<

t.

... M.2

',u :... M, qy.

g

~

..y........r..?.

..,. ;w ry.. -.

.- l

&~,-:;.

-y.

.M

%.%k

.?

n 9gw...;. '. ji '_. r

.W

.. e : < %. N;.

p.:,

p..

.v

..,G

..'.J',~d_

9 f,.

'..:. ; 'as*

. X$a

fy; g

$.1,9 3' '

v&.:.~%9.,

~ ;.:. - :- r r~

. ~ -

l F} i 4 yf.;.:-/.

i T 7.s #

y q <%s

& ~.: -

. !g4. ym m n y* 4

s ( : _.. ;y

9. 5 -.

a.

'A.._..

~ u' -

.\\., >.-.-

-. u C ', M. &..,.

f

. -..J

? ? :. i -'.

~.

i v

. n s

3 l L. p; ^

y.\\ M : b

->g 4; ;:n:

r

., Om,r, -

s j. c.. g n

.q.,,

. u:-- :,.

,..w, s

_..g ;

.- 1.,

4.

'*0..

3.., ;

4 *.;. y _, _ -.. ; f.

w

,mE.-;.. _,

')

f-m_

g 4 :. a,. ' :_. -.) _. '; [ -', %l.f:9 0

p: f.;f

- g- '. ;f Q.f.;

',z

,.. -., ', -] : ' y

'w-

. p. 5, s -

t w

.y

.:: q>.'

_Q+

g.

1. '.*2.,

9.gf ~ T...

. '4V-NM;f5 y

.(;k,.;

El;

[

.. 6%

x..

. m,,;.

(;

t.

~

", 't \\ :4lf}l. -h.%

- ~

-Jp.

y ~ s. l *.

' ?;. J.-' ' '..Q y!.

^

A

.~.JQm

~

Q Q.,

... r.;; l,;,'. R ;f:

., Q m. g

-- w

.c

.. ::. 8 m

4 u..:~

v. *..--..

1

',. ; 3_'...

pg,.v

...,, y. cM,.,r.,

.; y t

ets l

M%s$g'8 ?. :( :f.-

- i-ell

$y.,-

Q V_Q y.y J

m Yp.. F a i;g

..wfW 9- '.. n u..,w

, +

_' - vi n' - L eiV e

I

' u;,P.:,glb

.. ' '.c.;+;

..y.:"

p.

.m

-.,E:

.v o m.&O

..;u.-

.A

. g,%( 4. g.n. g.

. i v

..e g

f' W

4.A.

4 hhk k: ' ';f.

.h b;

• lf i [ Q-w - lf:

M -

&n

'(

. Q M &u n&g%f::%g$ y& _

w

~

' g@sh lW.

wm n&W r y. y y..gh s

a Qj.

4

%4 w.,kQm...g. e. ~QV.. ^

N

CONTENTS y

QQh]{( pO Q ;._

Comparative Highlights 1

j

• Qi Chairman's and President's Message 3

Q Energy Sales 5

<~' rWl W W F."Nf:

ggi y rVit /

+

4, s

m4 5 i, District Operations 7

M,--. ~,j. 1, Ud. " ]yd Feature: New Energy-Saving Complex 11 Generation and Load Growth 15

" ~ 3 6..

N ; e % ?.,

W Station Construction 15 Production Engineering 15 Production Operations 17 Engineering Design 17 Nuclear Ibwer 19 Reliability 21 Power Supply 21 Transmission 21 General Maintenance 23 Flocd Control 23 Genersuon and Transmission System Map 25 Where The Power Comes From 27 Where The Power Goes 27 Energy Management 29 Corporate Communications 31 Economic Development 33 Environmental Resources 35 Aquatic Management 37

{

Property Management 37 Industrial Relations 39 Occupational Health 41 f

Training and Development 41 Safety 41 Corporate Forecasting, Rates.

& Statistics 43 Management Ir. formation Systems 43 Treasury 44 Finanaal Summary 45 fQgg,_u,.,

Schedule of Bonds Oustanding 46 yl%{$ [i i gr OVAro/7 Electrical Statistics 48 5

Financial Statements 49 Qq: sw,

}

Auditor's Reports 49 n

State Ownership 60 in, '

Board of Directors 61

..4 M EP Management 61 COVER The electric liaht bulb is a uniwrsal symbol for service protided fy utilities to their sustomers it is also used bu the American Public Ebuer Association to recogni:e E

memftr util; ties for their innotatiw accomphshments. Stmtee Cooper uus honored this uear by APPA as one of the most i

innotutiw utilities in the nation Many Y

of those accomplishments are noted in

~__

this report.

?

=

E

~ ~.

1-COMPARATIVE HIGHLIGHTS Rscd Year 1983 1982

% Chang Retail Customers Served 61.169 56.694 7.9 Average Annual Residential Consumption (kilowatthours) 11.708 12.093 (3.2)

Average Residential Cost (per kilowatthour) 5.02(

5.014 0.2 Operating Revenue

$322.708.318

$307.731.125 4.9 Gross income

$337.767.973 S320.708.120 5.3 Electric Operating Expenses

$252.863.315 S253.419.898 10.2)

Gross Expenses

$301.607.274

$282.098.069 -

6.9 Energy Sales (millic>n kilowatthours) 8.912 8.880 0.4 Bulk Energy Sales to Other Utilities (megawatthours) 126.602 162.524 (22.1)

Territorial Peak Demand (megawatts) 1.676 1.754 (4.4)

Cakndar Year 82 81

% Chany.

Territorial Peak Demand I

(megawatts) 1.685 1.754 (3.9)

I

/

' - ~

~

m

=

E.

pv7-ya,g4x.

em.

gy;! 6 11.-

, n-sw

" %sY,;"y :-f ' SQggn a

1

?-2?

1 ~: y5 w

ei;

'%;3 g{ glg l

m._

g5

, j ',.

c

.Go

,gi

< e,y

g

(

, s i

P b

[

. t I

h '.

,l m

N l

w-y e

p.

=

r t

E r

m

=

1 m

b b

i 9--

L 5

'?

$$=Edi.;-

y

.m.,..

E.

,.. me4, s4;, - - ?YU E34;~.c :q f#3I?

I

~~

.-.b i

Robert S Davis Wilham C Mescher mi

=

r E

2 e

Ew E-.

MESSAGE OF CHAIRMAN Our electric rates continue to be

'AND PRESIDENT t1e loiuest in the state and among in cwnW Our Santee' Cooper's ability to make

? timelp and ' cost effective adjustments empt yee m rale and productivity are g as we mdy am uain.

'to our long-range plans proved and maintain a capable ~ professional h

ntagems to h workforce. Our bond ratings remain

. organization this year as we suc-strong and our securities trade well in

. cessfully managed the construction M at va% at or h and work force expansion necessary '

those of c'omparable ratings. And the to serve a system load which has location in our service territory of N"C' I Bringing the Summer Nuclear unit -

three seaports, excellent rail and highway facilities, plus available land fon line in FY 83 and the Cuss coal-and labor continues to attract

. fired unit in FY 84 completes a con--

economic development resulting in a structa up that Ms added a '

good mix of industrial, commercial unit per year for the past seven and residential customers

_ years Projections indicate additional The operational results shown in -

Lgenerating capacity won't be needed this report ir.dicate we have been until-1991.which will allow our staying ~

d s e fd M M g out of the new money market until

- about 1987. During this period. all

. those_ conflicting goals during the last few years of rapid change.

other construction can be financed by

. By any measure or comparison.

intemally generated funds.

-h is W vWs

'the favorable status of our _com-and capable of handling any l pany after these last few 3 ears of b m ble M g growth in a depressed economy is ae

tributable we believe to our long-We believe the company is in an exceptionally good position. but we standing policy of attempting t know there will be opportunities in -

. balance the needs and aspirations of the near future to make further irn-those individuals and groups per-provements We are committed to

'sonally,mvolved with our operation.

search for and take advantage of i L Four are of particular interest our these opportunities for the better-customers mr emh mr M ment of Santee Cooper.

holders, and our owners tfe people -

of South Carolina..

Our customers want quality ser-g-

"vic; at reasonable rates. Our' employees desire job security and -

Robert S. Davis -

. equitable compensation for their ef.

Chairman forts Our bondholders require f ' assurances their investments are well MM8.M protected and the organization is '

financially sound.' And our owners de-.

William C Mescher President mand a prudently managed operation.

- dedicated to the causes for which Santee Cooper was created._ _

'Successfully reconciling those -

- sometimes conf!icting needs and.

" aspirations has required innovation.

dedication. and constant attention to

? changing economic conditions and foperational requirements 3

1

5

.I

'. -.; wy ir..-

t, '

e a ::,.....p.s+; 7..

,u,.,

s.-.. v.

. g;.%' g

.;....c.-se r

,.Y :l,

7

-[

[

,I

.kg q,

?

b-

,' l[',M [.

). [

^

n.-

y... '.. -.*

. -,..y' *:.. -

m

..r...-...'. ',,. ~ lp?. '...

.. x.

-Q _ Q f,.

. ~5

w. *y.,.

i

.i a,

r."~ < ; ; - 1{ *g,..

.n

.. ~

.s

g pr. ~

-. - '. ;.. A._* *

,. O..4

~ :-

n

.'. _. f -

q.y'.... '.., 3 ; 4. ~

7 _;,.., -

- 3;;s. _ ;f,.. - J

,"y,

w r '+

Fg. <+

.3

.. :. g g

e

'N

, t ~. sL

. x.,

~

..c a.

?

S.}._.,

'gy[ -. f,

+.

%~

p y,

,lg.. s c

~

~

i

r

'-?'

.A'#

. ~.l ~

. I. ', - l ' _.

I' & ? f ' ' -

'd' i;

-y Nf ' - l

., f%[&

'p s ] p:,.p g, c(.'

.: 71,-

0 e

o

- ; a, ;:

l

- N; >.

p.,

+

p.

p:

. u.

r.

.. _,.. - ~- %. ' y.5: y,1,, js c,.

.. %,:.. &.f.

v.........j p '.' t ; l. : : ^ i

4.. -.

.. p. ~......, ;

,3 g

9.

..6

- y.. :.

. g... ;.,. : n...g u..-,,

..,3.g.y

._.s.

~, _

.m

'I f.s. ;'.+1%

.f

.s"... '....;.. 3

3..... ',....:.,s:.:.

i g,gy 'g.

- - ;c.n

u

%~

% j. *. '... v-...

.....4 -. :. 2. 3.

.. f:.:r.._ : '. '

..m.( *a.

N..

-. W. *.F.

9

~ \\>

..x

~

1.t.

q.

.,

i. 5LRy < y.;.h, ' L::;.,

!W

. -.. _. '..! : '..,. 7.

5 f (. ?. / ; _.. tyis,.yfgQ.,.g,6.p;a g,.lf

.y;1,:+~-Q':

,4

. : ;.. c e,--

e.

l..f N t..

' *; - ;l.

~

ll3, ! f.). _ }_~~ :q:Q,: & _:_ ( j 3 l_;. & l{., f. p.).,y & h

.A y

y.,'.y...4j ;,

g......

.. :+

4

-,s.

.s.,.. :,.,4 1,..; 4. - J f3

.f.,., j...

. -* *'.)

'.I

. 1 -

I., 7. :.,. 7 <*.9% *% ' -

Condominiums apartments and other multi-familu darllinas continued to [v constructed throuahout Santee Cooper s Semcc terntoru at a pre-recession rate Most of that semce is tvina pronded underaround 4

l

ENERGY SALES The average cost per kilowtthour Inc. in Aiken, and National Welders in

- At the end of the fiscal year.

for Santee Cooper residential Calhoun Cour.ty. both air separation Santee Cooper was providing elec-customers was 5.02 cents, less than p! ants. were nearing completion.

trical service to 61.138 residential.

two-tenths of I percent higher than Altogether. these three plants will add

(

commercial, and other retail the previous year but 24.3 percent e0 megawatts to Santee Cooper's in-customers, an increase of 4.475. or lower than the natioral average dustrial load.

7.9 percent over the previous year. Of The average cost of power for Sales to U.S. Air Force Bases at this increase 3.945 customers were Santee Cooper commercial customers Charleston and Myrtle Beach and residential and 454 were commercial.

declined 2.0 percent. from 4.9 cents to the Charleston Naval Station The overall growth rate in new per kilowatthour in 1982 to 4.8 cents increased 6.6 percent. from customers was 31.7 percent greater this year. Load management pro.

350.127 megawatthours to 373.403 than the 6.0 percent growth rate the grams introduced by large hotel megawatthours.

prev!ous year.

and other commercial customers Sales to 15 el&tric cooperatives Sales to these retail customers were primarily responsible for th ough Central Electric power were 1.175.889 megawatthours of this economy.

Cooperative Inc., and to the electricity, up 4.2 percent over the Industrial sales were 3.940 municipalities of Bamberg and previous year. This compares to last gigawatthours, down 2.7 percent from Georgetown increased 2.1 percent. to yea /s growth in energy sales of the previous year. This reduced con-3.422 gigawatthours. This compared only 2.3 percent. and represents sumption resulted primarily from to a 3.4 percent decrease experi-an 82.6 percent improvement in the manufacturing slowdowns. still lagging enced the previous year. The electric growth rate in economic recovery, and a shut-cooperatives distribute Santee Cooper These are all indications of the down by Macalloy. Inc. of Charleston, nower to about 300.000 customers beginning of a strong economic one of Santee Cooper's largest in-in 35 counties of the state.

recovery. particularly throughout the dustrial customers. The average cost Overall. Santee Cooper saw total tourist and resort areas which make of power to industrial customers was energy sales rise only 0.4 percent, up the majority of Santee Cooper's 3.1 cents per kilowatthour, compared total growth being held back primarily retail market.

to 3.2 cents per kilowatthour the pre.

by the slower industrial recovery. The The average annual consumption vious year. a reduction of 3.1 percent.

cost of power to Santee Cooper of electricity by Santee Cooper Service to one major new in-customers in every class. however, residential customers declined again dustry-Airco Carbon in Ridgeville-remained the lowest in the state for the second consecutive year to began toward the end of the year.

and among the 5 lowest for large 11.708 kilowatthours, 3.2 percent

'IWo other major industries - Airco, utilities nationwide less than the previous year but still 36.6 percent greater than the p g - sr fLg national average.

~

pW%

+

G

.O.,

$1% M \\(

. (

L~

4.049h3? (45.60%)

3.940.370 (44.21%

},

3.422.275(38 41%

3.351.388 07.74 %l u

WPM MW

~

g u

wVpm h

r, l

569 474(6.41%)

595 72416 68 f -!

m'40%2g28g%) ;

==-.r-t l

350 ibl22'M

%,g 9

?I 5

4 17.84110 21%) %,

20.235(0 23%)M u a ~

O hs O

b/

/

c l'

FY 1982 FY 1983 MWH MwH ENERGY SALES CHART 5

",..+: =<=. ~r<

- m - : un,. n.

. ~,...

c

, 2 kl

, s.

o"

• 4 T.4

. s.

. e r,c

. m 6 Ad %.%v. ? N ? %.,.> 4 6 k_g,..rEbA< f'...M... 3 W3...Th W

.- 6 s

.Jy s ??.

p.y.4 :.

3

.,i d M, ?..

.y. o, -.

s c..

.:. \\

6.siirg; N, Na

.A.

g~N.. j 7 f}.-.'

y

,' ' ' hi.; %*" ',, G

. ~

l, e

• • --.+

A

.5 y. y.

~..

9

-p.

x*.'.. :... +...

+

s y.'..

.. n a

.c

.n. -

?

g

)

sai

%,i r

, y'.&,h*

.. t 3

+

.y a

.,c e;

,g g9 7

^.,

s

.=, i, u$

...,.s(..

g.-

.-..p s

l,,

=

? _,.

M.g C.h:

t

.e.

c gf, 4_

,_.9...

fg 6

Jo.

sy

>3

,1.m.

&m h4N j;.,.

n.

b 0,

.d j.

g

?.

--... a,w-p<m,

,...a.,. 4. A..c,..... -

,a.-

..,s e

, 4.,.

/

/

, m.

4

-D..s

!D' $,1

p. 4, ' $ '."%'.--

F

. ^,

' p.'. '.

3jg-',g.,,

Y I,

3

- 7.,. g.. g-..

4;

,j u

p

, y.jN:..

p.,.,

s,. e t*p#

p-r.,

,3,, ' l g -.. ". )< y

~

..,, y 2-c K.4u%...

,1

4. - ;

vp.t.c'* $ 4,,-l' 4..,_

m:

s v

<m w "..-_

-n,

.w

1. .,. 4. '4 7 "y.gr

..+

4

-s, s.W.

v..'

w

.., %,cy v,

h>-

-, Q.

.,.y q

• ' g..::.

x R,. ' s[',, j..6..

i),y.

• F.s.,~,_

r ;

$.f',,e)r.y:....

y*

%, g.

• 6*

e -

,a

.y.

,* * ^ \\. - ~. 'l' i./ -gh.

t l' * {.

4

f. - 4K,

L

.z s'

h, g*'f. -,, w

.g

., ' ' A.

i

'L,*

','-Q@_...o1

,;t' ~ ' '..' 1 ' _, % 9, -

," W

n.',. ;..'.y.

. g-

., *v g.G,,.,,

y.

.u..K p..

s e; g.

s w

e

\\'. g f

'ja.

, +

4

[,

-r

, s.

m,..,

, s.

f d g MA d

[

,,.h i++ + *--..

k'

, ',, gg

i. ' 1 2

y 7e

'-'h. I ~.* I'- 8) 'T . :4 .;..%, w. : s .'l".., - ', u, :,n - q,% ;, ';n.. - n4-...g 4 o. 1 y &b,- J' a .*t. . -; R y ,e f -1 ,.la O waV . ~ ..v_._; -..%_'; 4.s r -s... >. 4, Jv.

.. ~.. ;

c,. -. / a

• 'n u.~ v W, :.. _.,

s .A % i;,i i' . 9 .'5 -,' ' u +. T.* x)'* 8 .. ? ?.. . q', ,~.y, >...,,t.-. 1. L L '.'6. . I.c (~ .D',l.% >' h, g{ '.'..Y( . f*f G,~ 'r ? )a > ",, lJ .# s.:' ; ., 4 -- ..".,,,(4,,. .- ' _ f 'f.I [ ~.: ".

1. .#,Q Q, {.;;, fl c,}'. r>.. e;..:

.i i: [.% , ' y: f.%., [ ;"<f ,, f' g 3-. v. y _ gg' .f.

:. *g

.' e: 9 y

> w m.

e. -,,... p :s 5,._. ,s e W., .Gr 's ,,;.y... w'n.. z.:,: .<,. ~.4.M, ....,;. m %,

s...

4',.+ g-- .y %'; < v. y : _n. S..

-i.,,3,#'?

u r. . n s .* s' 174.. O..i,. .... n.m.k : w+w c. ,I'-%,.f..f *. V ' y.<

• .4,.n

'. 4e..' ^. *. ',.

• C.A*, ' -*, u.1

-m 'b g v e s..; 1L.

a.,

'....I .a .v 6 f >y.9 . s.- ..c....- 3 y. c e.r 4; +9 s. ,, e.. n ,.m .v . 3 - s g . g h 'Ylg w - c. %. 4 s.,].4..+... .? s. (. a.,. .mc-a,... ~. ....s e a P + ',.,S. ..e..., .f s. y..,%lf '. p c.r w 3.s b n ,L. 't ,g c e L,_

v.~*

'k.i .s,. M N ? g y ?,y Ws, w.)e7.J.',, M}.3..:.g:.4.r 4: '.p v s }4> e.?M ' j f).

r n -

..?. L .~v.. .n k u... -t. ~ +. ..' T, l.-

• 4 %.~. 4 '.=..+n.*

%3 g -,.. <- W.?

,9 r 4

.4 .5 f.,f23.,l- $.l [l. "f., nh.,' h.;. g.f_R_ Ia w, %( jf.; k .y .a 7 v.:. ".; - 4.; h ,.:.s-[g,L_W.. y%. ;; %g, n. 'f 7, _ e;. - m ,a .,,..\\,,.;.._ .p, . _ ; y7... _p,. g y,'Q pg. y j t. u + P. . t _. i.. };,,'y .. '.u.y ; ap. ->-c ba~ .p. g.: A... i. 5 7. c.. u,h. 9_:.y g.;w "...% ? [ -<d q i, '1ib ' N. J w,. fj ; ;p q1,, '! '. 3+, [ _ \\.. 1 3 ~. g. ~. t. .t;M ? 7.i &.g %,N., a .

• 3 's e.

,r -, Q}. > Q m -..u -,,, 5.... sf. r n,, -.. 4... y',;.a. *. (+: ..9 .s _. _. ;yg .y ?, " ' C v.. :, r. -g g" ". -:%. y, ,.r: e - ~7 e. ' i eq y y% ? ;. A:.y a C. ).'. .,..= 0 . Lw g i -a.y.

m..

w u.,p. , ;;; y y ~. p,. 8 m4 r. .,.-..p.'- n. 3; v., s., g.. e; 9-p ~. <.+4 n. e.5 w. .: A. e xn ~..: g y w,>;.. ;g.. ~..:....-. : .. -.~ n .y 8

g;. y

4. c,

. a.e y, .,. p4..a. y c f. m,.J.. q, i,,2.. .s.~. b,, ^;p.y m ' y, q Y: ~? Q.G, + 'sO_%yu f;,,!..t9, .-f. $: - ?? X... ?,^ z.'.l ).);.:w)k. 8... ,9.-4' + ..,,.3 g;.

s. +. - ~

, p.,. ,, A. - ( f %% - .p u ...as. & . ~,...; m !,,w ;o. 4 :p :+ ~ y. n. w;e. : -w ,.; $%"*.f. Q.;g.g y v~..: z.;y L % :.- 'n t,v. 4. y,,_,,u..,. m ; g r sm. ,.y y .a : w: . : u. e;, qw..;~,x :.v. .v. e m . ~.., wu..m :e . v. s.. . a. y . M M Q " i l '^ p. 4 ,.. -d' 2I r w s..; m.+ M.la@n,.M.v$ c h ' d-f 'N. & '.; e% [,.'x,j. QIf d ,( v,.; m.~.x,a s.a ?- v u, s. :. ~

,+

.[ 3 -u ,g

• [.-

f_ V ,.y_ .d. v.6, ( t 3,,, e r -4 f; 4., q.M I. .[ c[a4 - Y' 'Y J.* '* i,di$,%f ' ' p ' .a '[ t .b '( ', h d' ( l,.,i Q.fg* * 'I '. y l '.. -i '*^A

f. s

.f ' '#s [ %_ gQ i b, e 'lii i. g,..,. g. 7 s

MONCKS CORNER DISTRICT Horry and Georgetown counties along creasing at an annual rate of approx-l The Moncks Comer District pro-the Grand Strand are included in the imately 11 percent. l vides electric service to Berkeley Myrtle Beach District. New substations were energized County customers in the Approximately 48.000 customers at Murrells Inlet. Litchfield. and municipalities of Moncks Comer and are served throughout the district an Pawley's Island. The installsuon of St. Stephen and the unincorporated increase in 1983 of 9 percent. More these stations and the conversion of areas of Pinopolis and Bonneau than 10.000 residential housing units the transmission voltage in this area Beach. The number of customers in-now in various stages of construction from 34.560 to 115.000 greatly im-creased 2.71 percent in 1983. to a are more evidence that the beach proved the quality of service to l total of 4.507. continues to " boom" economically customers in this rapidly developing A new Westside Substation was and an indication that the annual rate p rtion of the district. completed with four underground of growth for commercial and A new office and warehouse will feeder, circuits which will serve the residential development will be even be constructed at North Myrtle l western half of Moncks Corner at higher during the next few years. The Beach within two years to serve the 12.000 volts. Also two new feeder majority of the new residential con. more than 10.000 customers locatea circuits were constructed and one ex-struction is condominium and resort there. An automotive garage and a l isting ciccuit was reconductored dur-time-sharing developments. technical services building will be ing the year. constructed next year adjacent to the (- Energy consumption along the Myrtle Beach Service Center. . MYlULE BEACH DISTRICT Grand Strand is approaching I billion i The Myrtle Beach District lies ki!owatthours annually. with a peak aW the Grand Strand. the MyTtle Beach along the Grand Strand. stretching demand of 300.000 kilowatts. and in-District is adding employees and ( from the North Carolina state line t facilities to provide increased services. i the city of Georgetown and generally During the past year a publ: affairs extending from the Atlantic Ocean in-specialist and a personnel represen-land to the Intracoastal Waterway tative were assigr,ed. Next year the Customers are served in the automotive garage and two additional municipalities of Myrtle Beach. North ~ technical sections will be staffed. l Myrtle Beach. Surfside Beach. Atlantic unt Beach. and Briarcliffe Acres. Also. Garden City. Waccamaw Neck. and , f i the other unincorporated areas of _f l . s. t ~q: m 'gy y 1

_g

.-,z;.;;- ^ .x. 7 } l v y. :

1. - 1

. -.....~ aw q-l g ~*, f ~, t-m. 'e. l m Santee Cooper plays an important role in national defense in South Carolina. pro-viding electric pour to three major military installations - Myrtle Beach Air Force Base. Charleston Air Force Base, and Charleston Navy Base. 7

= L 7 r s 1 = E.- L K: b b r F

• • 5 e ~

MV'E=-- [' y _ ~ - M= v i r A new enwlope billing format uns intro-duced to replace a post card inibng system used for more than 40 years \\t provi&3 more information afvitt the customers ac-count and eneray use and indudes a return enwlope to make pauments more tomenient 8

CONWAY DISTRICE To wrve the additional growth in The Conway District includes the the Conway District, two 115.000 i inland portion of Horry County west volt to 12.000 volt substations were of the intracoastal %bterway. The completed. one located at Klondike cities of Conwcy and Loris and the near Bucksport and the other on the unincorporated communities of northem perimeter of the city Bucksport. Cool Springs. Allsbrook. of Conway. l Red Hill. and Gurley are provided ser-vice in this district, which extends from the North Carolina state line near Loris to the Waccamaw River l near Bucksport. l During the past year the commer-l cial growth centered mainly around l the cities of Conway and 1.oris, whi!e residential growth occurred through-out the district. Small industries were added to the system in the Red Hill and Clear Pond areas. 'lwo of the larger in-dustries included Conbraco on l Highway 501 between Conway and Myrtle Beach. and Escod at Loris. j The number of customers in-creased 4.3 percent to 8.817. while the sale of energy increased 5.4 + percent. The district is beginning to ex- ,2 'f perience the effects of condominium /,. i s /N 4;' and apartment growth with construc-j ','- $// tion in the Red Hill area. / 12093 11708 -f c=== s - r y. ~ P 8896 d,$ 8571 C Q 99 I'! M 55 {al N ,am' M IA t 1 N h' f ~; h ] o p hI!fi j j f 5 l fd g !J..,1] y tl Q y ,,u+4 j t Li !? b u a FY 82 83 82 33 FY 82 83 82 83 /g 'g t s s I CONSUMF' DON (KWHI COST l'!KWHI t AVERAGE RESIDENTIAL CONSUMPTION AND COST 9 ~.

mim }}l.~ W ^ ~ ' * ~ ' +' [.. hf ? $hYh^ yy m t, @ m' g ; % r ?! W $h@ s y An,. y smaan ;, g m&nqJse L a pu m;-?74,n x er,J N w w::*r. gced 4 ~ w pa (s24 a J.1-.3 t v 1 m . 'p%}lw$t[g ;r r: vsue Qyy;Z;w,, wl.gi.:, -$x-fkhy{,w f[:fR. f )N j

M n___!

) ~ y n. g. wm., w.r~ [' yp ' I Mg

k. :

. hM[N,,,ik D E$d@x. ' A u a. w j ^ p.

a. n.

s s.a. p- . =E bi 'JMN5 k>/ [' g (d.', e m. q,3.; m y is.. s y n+.,\\.., -,y e ..y ; '[.l[ W R., - -:M t 4,q.;::.7&;,4 ~- >;"..., : : ~. ~, d ;+ Q, - y 43 ( c-., k.. g.;- pp ggguz;.y

yg - L.,,

';. m J ,=. ,,, p; , m. h-49;.: ? y:a & _. t :: < .,_ __, _ h,q' }...... Nygh,hQN:< m.;[ ..:,t 9-e. '. ' 'd., [ - 3 y 4; .dB.?t.Cl; '.'.~.4 4& yy. :, c '1..., : .4g' +. e' ^:: y;_ pt. .._n,.... ~,..' ***',s..Q-j 'l ,a '

&N...

d A c: j ; . v. 3.. h,.$ h,, ]'.~ y gA.;Qt 2.;', qu: 3~ ( l l43 a l _A 4:.:; ' [. ' "" ' b. '. ; ;; I,.; **., '. . f.", ; 1 f 3 .o. ..-..g.~,....>.. % J... -; y e. k g:.. 1, j gy>.c O. ?[@,$;.' b q [~ 'h C4 N A-A.t l$ '[0..l [ 4~_.m$f$@1%QX &t@3 55%& sea w'.. >. w ~

• f

. _. ' ' -. --c9iseamsEQ:XMainE f- -~hk

• $?@

W s 'I 4 4 1 W 't h jr d g d 'm e I ~

$Q p w f{h( v fa 2 gg#S V, g Mj}$y h k ~ ns. ,U a < %,V y~;< ,3,L- ~ _V S. a m,d Energy - Saving pw Features Highlight New M Santee Cooper Complex. ,te p 2:. Innovation became part of the working en- ~ q;:/h s k i vironment for many Santee Cooper employees as ggj,gpf""' ~-gg'g []

,s g,

they moved into their new operating center com-M plex in July.1982. The energyefficient. flexible facility is the result of a stateofthe art design by the Ch irleston architecture firm of Lucas. Stubts. Pascullis. Powell and Penney Ltd. (LS3P). The new complex uses substantially less energy per square-foot than Department of Energy standards instead of the average of 60.000 ,rg;g b BTU's per square-foot per yes. the Santee Cooper i complex uses 39.000, in.eddition, the facility's y. ._., 7 - design includes many other cost +fficient features. Qf such as the flexible design of the main office building's interior space. The sevenscry. 103.000 square-foot office building was constructed along the east *est axis of the sun, minimizing dired thermal heat and allowing maximum natural light to enter the in-terior spaces Throughout the day, natu:al light / fills almost all of the interior, thus reducing ar-tificial light requirements niso, the narrow shape base y of the 64 foot wide building minimizes heat buildup in the central core of the space, which m 96 reduces cooling needs ggf{ By using natural lighting to the fullest extent. '4 artificial lighting is used sparingly. thus saving

[.

g$M E energy and reducing heat gain when it is not .f Eu

QQ[

desired. As natu;al light levels increase or s GW ', i J decrease in intensity the artificial lighting is ad- '4-y g f j; lusted gradually to maintain the desired level of Y illumination. The system allows the building to . ;f.,[h g/ SE$ maintain adequate light levels using approxi-j Mk[MW - 95 I.~7 # ) mately 2 wat's of power per square-foot well fbb _. j-by* below the natio1al aserage

Ci. ~ ~ " * " " II I l 7 ~~ p,! h; 7 Wg 1 Ili !! L,ll l y!! l.%W,:c:; o !illlJ

s I

ni u Wi . Idll IBlil .= ,.msp ~-, r 'M 'A = -., m: /

• }

4 s -1 11 6 A ~ g g l- .t (, -c- ^ t Yp 4 i ~ _ ~ l l -~& l F~ t l ~ c,.o l Ly r- ~, 'A h' , ^' 2 l ? =-:,yg; %s a;j ~w T ^ 2 -: W 5Waf 3,

g-- 9 ~ x x: A g 4. S, I i 1 l l l l i One of the more innovative and complex elements of the budding design for Santee Cooper _ 1; facilities is the computersperated heating and air <r conditioning system which d.rects chilled or heated = air throughout the building by demand within dedicated zones A memory circuit anticipates Q start and stop sl nals by incorporating historical i* 4%[q 6 weather data and specific environmental condi- - tions within various parts of the building. c hd Interior design was a major factor in keeping uj%V

• w r1

[ ' _ U with the cost <fficient features of the new head- %A gc$ " quarters complex. Flexibility and adaptability to g,,' changes were addressed by the incorporation of f s- ~ ' " 05 many irtnovative interior systems The office area is furnished with an open-plan landscape offke system, which benefits from daylighting and pro- ~ ~ ~ F I vides flexibility in terms of reducing future renova-y' x* . tion costs This open landscaped system reduced l -- - the amount of enclosed space required. using ap - 4 proximately 20 percent less square footage than -) / / / ~~ 'valledb offices. E Ught baffles treated with an acoustically ab. 'ammmmmmmmmmme sorbent material aid in controlling noise levels ~~M The complex also includes an energy control %_M center with a computerized power dispatch; a y__ transportation service center with the most s3 - modern equipment available: a spacious hg }g warehouse facility: and an operations center 1 which provides office space, laboratories and work centers for a variety of support and A ~* field operations ~ Customers benefit from the use of a drive-through window for paying bills and a 250 seat auditorium is available for use by community and civic organizations Santee Cooper enloys the benefits of a q,, a modern, attractive, energy <onscious and efficient-g ly planned complex. This prosides a flexible. Oi %. m 'h$Ry;hdN.1-)W $@%'f.. QS convenience oriented working environment and d is an example of innovative design and construc-tion in every respect. ' MS$dfM&,i '

N@s 5 e a 33_a)hlf xi+x& . ks.__ ' ag-, a!?*f). = - r* v5PTE!$7 Y m i i 14 E E

GENERATION AND I.OAD GROWTH The first coal train at Cross was PRODUCTION ENGINEERING I Santee Cooper facilities generated unloaded April 8.1983. The coal New techniques have been 9.027.657.000 net kilowatthours of handling system with the rotary adopted by the environmental electricity in Fiscal 1983. a decrease dumper and stacker reclaimer is a monitoring and testing section to en-of 4.714.000 kilowatthours or 0.05 new and advanced approach to sure compliance with federal and percent under last year. This genera-handling the large volume of coal re-state environmental regulations tion included one-third of the output quired for the station. This system is relative to operation of the genera-l of th' Virgil C Summer Nuclear Sta-designed with a rated unloading ting stations. e tion. jointly owned with South capacity of 3.600 tons of coa! A comprehensive environmental Carolina Electric & Gas Company. per hour. assessment of the Pee Dee site is be-l Of the total energy generated. The rotary dumper system will ing used to ensure a minimum of ( 86.84 percent was produced by coal. position a car. rotate it, and unload its ecological disturbances during con-l 7.69 percent by hydro. 5.47 percent 100 tons of coal in approximately two struction and operation of that plant. by nuclear. and less than I percent minutes. The 100-unit train is moved scheduled for the late 1990's. l by oil and gass and the cars positioned without Additional sites are being con-l The average fuel cost for power assistance from the locomotive. and sidered in response to a continued ( generated by Santee Cooper was 1.92 the cars are rotated without detach-pattem of growth and expansion. and cents per kilowatthour. compared to ment from the train. priority is being given to geolog-1.95 cents the previous year. This The ccal is stacked on the coal ical. demographic, and environ-decline was influenced greatly by the pile with the stacker reclaimer. The mental screening during this availability of nuclear powered reclaimer travels 600 feet along a rail selection process. generation. which averaged about to provide more storage.which can be with the primary objective of one-half cent per kilowatthour. moved to the plant without use of a lowering Santee Cooper's costs to fbak hourly demand for the fiscal bulldozer. This automated system produce electricity the performance year reached 1.676.000 kilowatts a reduces the number of people re-section obtains operating data relative decline of 4.4 percent from 1982. quired to unload a train and also to the efficiencies of each unit on the minimizes the bu!! dozer work re-system. This information is used by STATION CONSTRUCTION quired in stacking coal. Ptwer Supply in its economic The first 450 megawatt unit of the dispatching and by Production Opera-tions to verify the calibration of new generating station being con-i . mp [. various generating unit controls and structed near Cross was 96.5 percent 'k recorders. This will allow the complete at the end of the year. The economic dispatching of the units to .3 coal-fired unit is scheduled for com-y mercial operation in May 1984. }-

q. (

.iN meet varying load requirements. g> f, _ . L; .5 o y.cf f.g:A 2 a &.gf.; 9 m,. .? [' i ,1-m.- i . [ f.f p..b J. M.y f, f._ ~ L.M ^f1 l '. M.." ( ~ 'M.

g _. }. Q ',, g ' ?;.

y,.y. y w. 3'op).R K. L. ' h.l5D l ' e %:

• a,.L ~ u

'L,.'/ C :..: b

l411@

l:,f. V.. l.y I;.. && :- _ k.?.Q.

• l :'

Qg :$ Y_ h e,.. ~ !, i..- Q.f a . g- ? .N f M L ..?, Q. .f..:. f._j. [ y., b. } 1: 1.. i_._ y $, E l A *f; Q. Q), J ,n g.

m., s.

o 3.., ~ f;, a. y Qf;.f L n ?_ t ge 3{ uj Q... it y M if.:g&. 3% ~,A L',... 5 . ~ .y ~ - '..- [. -y ~ _.3 y., ' f :.. r Fj c. .y gff.

. v(.

', Q ig. s, ~7 l m'h 4 .,3 ' M, mpf.

1. l n

L- .hj7f. M ; 1 ;. g} '. gl ' ' ' S J - ...W.ti. _ g.. ' :.[>js.'

r}Vf:Wt[ -

.;tt' .bm :.. .- r <.m. m .v.~ 7.,:: ,r The first 450 megauutt unit of the Cross Generating Station uns ahead of schedule and under budact for 1983. It is located in Berk!cy County kten t.aks Marion and Moultrie and is scheduled to begin commer-cial operation in May 1984. 15

f ? / '- ] k.' ?jW - l/Y s- ~ _p ~ / 's

c 4 r y$_

<i - .c# -' N

• &,~

o-g l L en s., - Santec C00tvr contracted far the purchase of 300 alumutum ra:] cars t0 tr msport art! tram the mmes 01 kcn:ucku and wl!! trc0me !Vi tirs! utditu :n the nation to usi all- ~ arummum <ars Savuu morc than Si rrr tan On tretant tne savuus pawd on to custamcrs wdl tv m0re inan 5100 mdlian 16 -ver tec 30 ucar !rtc of Inc tars

I PRODUCTION OPERATIONS foremen - with reports on a real time the growing needs of the Santee The use of fiber optics was in-basis. These reports include work Cooper system. consisted of 6 troduced last war in various aspects backlog information categorized by distribution station projects. 20 of operation and control of Santee skillcraft. priority. outage work. and tensmission line projects,15 sub-Cooper's generating stations. In one man-hours. The system also provides station projects. 4 communications instance. fiber optics-using no mov-reports on work schedules by crew. projects and service to 5 in-ing parts - replaced TV monitoring equipment history and automatically dustrial customers. systems to show unit operators the issues preventive maintenance work Engineering Design also provided water level in boiler steam drums. requests. engineering standards for other An additional innovative applic+ in addition, management reports departments involved in the technical tion of fiber optics was made with provide information on crew produc-operation of Santee Cooper. the installation of a new generating tivity. manpower loading. failure Maps and Records, a newly station computer network which uses analysis. and project tracking. The formed section of Engineering Design. a distributed system of smaller com-computerization of this function has used a new computer graphics system puters that communicate through greatly improved the management which is projected to increase produc- " data highways" of fiber optic cables. elements of work identification. plan-tion of engir eering drawings and Replacing traditional computer ning. scheduling. execution. and records by as much as 200 percent systems which use coaxial cables for documentation. It has also increased over conventional methods. communications, these fiber optic productivity and improved the quality highways allow fast communication of manpower utilization and without interference from electrical maintenance at Winyah. Plans are be-sources in the plant. This is the ing made to provide this manage-world's first totally optic " data ment tool to all generating stations. highway" for a generating station computer system. ENGINEERING DESIGN in other improvements. the Engineering Design was respon-maintenance system was compu-sible for completing construction of terized at the Winyah Generating Sta-50 substation. transmission and com-tion. The system provides the munication projects during FY 83. users - maintenance planners and These projects, designed to meet i1.65 '.;n.,,.;jjiQ'*_r ' _ i,g 3 g 7 [

• _.[hb & I Y'

h.$ [g. 4 ' O ? / .. ;h.,. [ ..'f.'-

• L' T'

.... :.p- -[ (,,+ g ' k I'. ( r.o. %. '. c s t"_ ' t. ' , Nh y .;,[.T d,y._ -- p .......#~ ? ..\\ *.- v v g w+

,j.< ' '.

4 :..,

c

.. p- ,{ _/[, i l.9 _' E p,' k '.. h -k..' 0-0 00" '[N *"' N N"U [_ v 0.00*

k. TC' E - ~ -) 5 \\>-

.1 ^b-' ~ " S 0 56' ~y. ;,;.: b :.~.. - A ' J."'n w n * -L FY 82 83[ 83 82 83 'No od furned kr erneraton in 1983. FUEL GENERATING COST /KWH (Cents /KWH) 17

l 1 l 3.N. 1

• t. '. ';% 1

,4 +- w.e q.a a Thy ,.av p.; N,. #- . n vs#7. c w .m 1%.~ 4..:...w.--. - -,Nj } ;

a. 3:Njf;Qp

'i *.. l ' $10 :. t -3 4a r . x.m, y..,;< a. <e. -.. ..c. g gg,t ;dhU 7 : v. , ~ > T'~'in;t.::..- 1 ' M;ec., c' gg, ptu pq k4

g. qpj

w+

. ;;s*,m" + 9,q -, ugt i

y{4 y ,.e s g< +1,.q9 5 ; Economical nuclear rouer beaan to fh,w from the VC. Summer Nuclear Station to Santee Cooper customers in the state Santee Cooper owns one-third of the 900 meaauntt plant constructed and orcrated by South Carolina Electric and Gas Company 18

NUCLEAR POWER May and the stati.,n,ncreased its out-Nuclear power already s heiping Nuclear power began fhng to put toward tuH capac:ty to reduce the total mst of fuel for Santee Cooper customers n 11 p m The addition of nutlear energy to generation he average inst year was on November 16 1982 At that ins. Santee Cooper s tuel generation mix. los cents per knowatthour a spite tant the VC Summer Nuclear Station is expected to save customers a e' higher wal and od costs dunng in Fairfield County camt on kne substantia! amount Santee Cooper s FY x3 that aserage dropped to dehvenng customers some of the heasy defendence on coal accounted i v2 ceras per kdowatthour influenmi most economically-produced electnc for more than 85 percent of genera-to a significant degree b3 the mere power that is avadable tion in 1983 and he! ped had f ue! economica! nut ' ear power Santee Cooper wdl ultimately generating costs to 2 00 cents per receive 300 megawatts of the 400 kdowatthour for that fuel lune 30 megawatt capacity of the Summer figures showed th iverage un,t cost Station which is 2 owned by South of generation wit-uclear v as only 3 Carohna Electnc & Gas Company 0 56 cents shghth more th n na!f a Following Nuclear Regulatory Commis. penny per kdowatthour sion guidehnes the station gradually

ncreased its output. reaching 100 percent capacity in late lune

y g;fi.j j. y.. y p.

. s 7 g ;,..,..,.y."., x - }. 2 j.g.j,g...; y More than 6 6 mdhon kilowatt- .4 / ?.J t.i..,,.} 6:4 ? %. -t;: ...7f, . '.~.l. { ' (k . yy.; MTg i ' M?.2 [ ?...) ' J 3, .: S.h.~ 7 c r. .. '[ hours from the station flowed into 4 . ( , \\ ' 1

i.,

cf;,[ :d 4

- y

f.,

,j_ g, Santee Cooner s system dunng 7-

• s.!

November a figure which increased W. '.'.. ,-i -.... ,v.W .:P >

' 's

. C.1 i-: V i4 - Y,. j C. f. to 493 Sil 000 kdowatthours by t e h c- . +;.:.y .p91 mm .. - F ' V 1 4 jy-s 3.' 1 (.[h ? )..- [ h,h 9 ' end of the fiscal year With the plant 1l'. % [, I.:y .]. [ / G. J : d;.;. [.i. j QE ji q.;Q": operating at full capacity about 200 M.- - ~ .[ wdl be ava lable to Santee ' ' ' E.?.1 - [ ' [ . # " ".., )[ Q U mdhon kilowatthours per month of /S m .. l. 'd h.M 4 9. .'? E / ,/.2 TWN, f. I ..V' ' l / economically produced electricity ~ ' *^. " - b ' C J ' +% C M J Cooper customers . ~... N" d A time-out was taken in March for

• 5 j '.c 7 ';. ' ;., " -

- ([h[d.[. [.[4 f 6 '5 Westinghouse Corporation speciahsts 2822 g.I - D;.: % %9 Sbb'k N. ' [. '.- to repa:r a steam generata vibration problem That was completed in late [gS.i h$3,. g @Q.. 1. g6 9 - 2n2X % j,M ( 1.. f f ?p L:a. = 2 181 1802 1754 ... ;g I 1532 I"4 1475 ,.-',,.,f N 1475 .. c. .c ]3s]\\ f - ' 2' 1205 ~. 1231 N,' ~ - ' ?.. ' 1l61 Il75 x 10 % .I . ;j '.. 944 \\

g r'

Q.,M [ i.,s ol k 905 N a' gyg\\ ..I.by.[g E bpm f $.N - -J).. - j.:

9 c -

r

p.

,f ...e. '. QV, Qi.M ~,,.. 4 4,. U,. * '. 7 J

• .-(

...t ;, $>A .n Ir.,.,. 7 *,. M.s.;. $,.,.. 4,g...u ;.,. = j .s; ..,...s,f ...,- y. .rg. i-i iz i._ ;. _*. M _;(g _ ',.,,,' ', ,3 I l '. 4*. l , -&:. 5., in ,. 7 - f... ;. w-Q umte w 74 75 76 77 7X 79 80 MI 82 83 84 t a cnaa We 74 75 76 77 78 79 80 8182 83 M4 PEAK DEMAND iMwl CAPACITY iMWI DEM AND AND NET PEAK SYSTEM CAPACITY FORECASTS I9

1 .s 't a.m - ..2.~7 ., !1 6 a-yl l. f.- (:-t.e.g "., - =. i y ';

~

'3 a'. p. .s,. .p.e. . v.. n . p.*n, n. w p. - e .kY. .4. .g, -(.,- s <i- [..LW Q., ~ ?y s c ,sh {* ..y ..A.-.7

1..

,..,.n.. r. 9,

g;'....-

o v.. _-: 2 ..s-n* .? y.

• . h...

a y)L 4y

... -..;:. ', H

. l..,......-(;g..e._y

6. ;.

^ ~~ ' ,Y f.... _l ' _... l ..s. . *}._ f. 4-

s. a?;>, n.

.y u ,,~.;.. s .e. f e..,7., a (' Rs.,.., e.,;sg- . - _,,4-n :,;- ~ : '.. i W. ' ?.. qV W ,.. = ~ . g' x.ae:e,..m M# ..sg .._ + x. . ;nw m.. w . G..y <,.g w c. g.,ar ^ F e;, [ yy..;._. k[ G [, y g.u .,.c;..... . ;~;KhiW ',E. ...... }.,. W.. . T '.. .. -e?,. m:.. ~ n. ...,:.. 4. j . i s ? y. j u-.... ~. ' s ) s. .. Ah.:h. .(:.. 4 n -c a

- s.,

.v w 4 n. 3 >.3 w. +h,..,} ~, 4 } ~ _.- y

.a

+

• P.,.
• y., Y.gI M,-

' y.% :,. g-,.. y. _ 5 ...nr> .v,. O y, ., f, - . t ? %, p e

.p -

J.w<,,.. ?. :.;.... ly %... y

j..,.

f p. m 9 .e t s .f ? e

.7 g..

w .._,M. f- '..Y ' i A u. ggv. --, v-g t: y. y., : 3 g.. ~. -.= ..g ~ n s. }r.. - e y ln. s..,.~.?q f.'. ! - . i.. y ' Sk]R@%-[.g. '.' N. y ^A- .. y

,y- _

<.:. a,;. 9 ; "_,.

. "

%..,,.f-p,.. e,y,,

+ m r. ... w '[M . ',5M. Y,#

'

3_ c ; *:,. '. y. ' x. T g[.ty

%.'.. k. ;%. .? - 4., 2 p r..

2.. _i..

... x " a.. w..; 9.: 3 -

.. e.2.,..,

.y y..,9.: a,. n. .+ ~g.~. pay..... s. . w ,.'....o.x :,f.>,< a t _ _.. ?v.f ;: y... 9. ,7~.;. ~, a 3 w 2.;e - /,. n,. m.. o s. ..-4 ; & R, a. w

w

• J O.

....f.. * -..? '?,_,-_ ,' - Qe,. gs

• he...

g - L. f_ . : x.: '.. ' _. .'4. _..,,f. n.,,.. <- -,y 4 =,?.__,

• e 0

,..p '., - .e .b ga..?.:.3.y. s -. r -

• M '., ".., j),i ' { --7 9:- ;..

..$' [.,7.; ~. '.,. ?s9 x .1

)

ev;.g,.7 7 A,I'I.. y;# g.

7 .,., qp - *y A fy-M,y.;_'. '.,' y_ f; p _ 3 J. ; ?y J. ; ..p (Q p_ ' i s.. . ;..- %_ ~y. q a .: ', 'i 3,.- p. _ q. n Di inttch:na poutr fre m more than 2 5 j b Jencrattna umts etmn the Santec Cootwr Y ,? system to almost 200 deltWry romis Pt%cr Supply personnel maintain attrations m a ntN' t'ncrJy (ontrd &nti r Mth MphlSt?GJf(d Y,, computcr rentrois and nmrauwt "f Lo dN!b Nb 20

.y 6

'..t

• • W or

r l RELIABILITY which includes Carolina Power and through 35 of the state's 46 counties. Santee Cooper maintains intercon-Light Company. Duke Fower Com-providing Sartee Cooper with the l nections with South Carolina Electric pany. South Carolina Electric and Gas largest service area of any power and Gas Company at Bushy Park. Company. Southeastern Power Ad-system in South Carolina. North Charleston. St. George. Colum-ministration. Virginia Electric and More than 8.9 billion kilowatt-l bia, and the Summer Nuclear Station: Power Company. and Yadkin. Inc. hours of electricity were delivered to l with Southeastern Power Administra-more than 300.000 customers within tion and the Southern Company at POWER SUPPLY the state. either directly or indirectly Clark Hill; and with Carolina Power Santee Cooper's new Energy Con-through Santee Cooper transmission and Light Company at Darlington. trol Center began operation during facilities. These facilities provided Hemingway. Kingstree. Lugoff, and FY 83. A computerized dispatch con-power through 196 delivery points to Robinson. An interconnection with trol system is the heart of the control two municipalities. three military in-Duke Anwer Company is planned for center. stallations. 26 large indus+ rial 1984. providing the company an addi-This provides more efficient and customers. and 15 REA electric tional interconnection and source of economical operation of the power cooperatives. These cooperatives purchased power. supply system and improves reliability serve approximately 300.000 Santee Cooper is one of 30 of the transmission network. The customers in South Carolina. member organizations in the system enables Santee Cooper to During the past year, seven new Southeastem Electric Reliability meet its load requirements as cooperative delivery points and one Council (SERC). which includes all economically as possible. new industry - Airco Carbon - were power supphers in the region with at This sy*em also allows the dis-added to the transmission system. least 25 megawatts of generating patchers to remotely operate the The Cames-Vemassee and the ' capacity. The Council assists member substations of the transmission Jefferies<ross 230.000 volt lines were systems in their coordination of system. significantly reducing the placed into service along with several overall planning and in efforts duration of interruptions to new 115.000 and 34.000 volt lines to achieve niaximum reliability of customers. and substations. power supply. The south end of the Myrtle Santee Cooper is also one of TRANSMISSION Beach area from Garden City to seven power systems in the Virginia. Santee Cooper's transmission Pawley's Island was converted from a Carolinas Reliability Group (VACAR). system consists of approximately primary voltage of 34.000 to 3.100 miles of line and 108 sub-115.000 volts. $135 62h stations and switching stations. All new substations and switching Voltages range from 34.000 to stations added to the sistem were 230.000. Transmission facilities stretch converted by Santee Ccoper transmis-sion crews along with several maior transmission ines. This helped reduce l construction costs of these stations 9, 3 9162 ~ since contract labor was not used. n T M Santee Cooper's loop-feed 83.72 81.6\\ \\ (gs transmission system and the ability of crews to perform most maintenance 69.16g ,y. 4 n" work on energized circuits provides 62/[h "\\ "T c@s 4 customers with the most reliable ser-NC g Vice possible. '( 49.16 'l [ l

• • " f-L N..

.u S21.96 u d*g e RATE COMPARISON FY 83 l 1000 KWH RESIDENTIAL l (AVERAGE COST) 21 l l \\ 1

.3.

3. y -

p.;. n., s '- ~ ' ' ' ' ' ' 3 i=-;

7

?- ' J $., < t [- h, n: ~ ~ y .p ~ [_ ~., g. ^ 4- ,f. [ ~

v.,q.'

i.. };,_ ~ 5 z J + L ^ c. p. M s 'p F ~ + ll l 22'

) GENERAL MAINTENANCE FERC's staff is also of the opinion cerned to provide information One of the primary concerns of that the Santee North Dam would fail available relating to the emer-General Maintenance is the safety of under the design earthquake. Santee gency plan. Santee Cooper's 42 miles of dams Cooper believes that failure of that General Maintenance is also and dikes. Reports from independent dam would not involve a substantial responsible for maintenance of the outside consulting firms and the threat to human life. and management navigation channel through the lakes: i Federal Energy Regulatory Commis-is werking with FERC's staff to re-maintenance of 52 recreational sub-sion (FERC) over recent years confirm solve differences over the need for divisions: in-house construction of that these structures are well main-remedial action. substation foundations: carpentry and tained and in excellent condition for Santee Cooper has advised FERC painting: a major portion of in-house the normal static loading associated that it does not believe that it is construction requiring the use of with holding back the nearly 2 appropriate to correct possible de. heavy equipment; and the reclearing million acre-feet of Lakes Moultrie ficiencies in the West Dam until the of transmission line rightrrof-way. and Marion. status of the North Dam is settled. However. on March 12.1982. Until the differences over the extent FlJOOD CONTROL FERC communicated its opinion that of the remedial actions required with Santee Cooper conducted spilling the Pinopolis West Dam possesses respect to the dams are resolved, it is operations for 67 days during the "such marginal seismic stability that impossible to predict what the cost of months of February. March. and April. I the dam would have to be regarded such actions might be. but estimates 1983. as part of its flood control as a life-safety hazard for people liv-range from $15 to $40 milhon. Santee program. 4 ing downstream and therefore one re-Cooper is seeking federal fundi.g for The maximum daily average in-quiring modification in the interest of the necessary remedial work. flow for this period occurred on public safety". Santee Cooper believes An Emergency Action Plan has March 19.1983 with more than that neither the present technology of been developed and filed with FERC. 662.000 gallons of water per second seismic prediction nor understanding defining action to be taken in the flowing into the Santee Cooper Lakes. i of the Charleston earthquake of 1886 event of a dam failure. Flood maps Santee Cooper's flood control pro-i tan acoroximation of which has been showing the extent and time delay for gram reduced the flood crest on the i i selected as the " design" earthquake ficoding of both the Santee and lower Santee River by 56 percent l l for evaluating the safety of the West Cooper Rivers are included in the of what it would have been without Dam). are sufficient to permit an plan. the program. evaluation of the safety of that struc-Meetings have been held with ture. However. Santee Cooper has emergency preparedness officials of decided not to contest the Commis-the state and of the counties con-sion's assessment regarding the West Dam. Harza Engineering Company. the w original design and construction con-F j tractor for the project. has been engaged to perform studies and plan-D g' j. ning to determine the engineering i. 4 S work required for dam safety l assurance of the Pinopolis West Dam. / [ P 3 f M T l b 4A t-q 3-j More than Al miles of dams and diks are monitored and maintained by Cencral Maintenance. Core samples ucre takn from the West Dike u'hich uillle reinforced to strenathen tuo sections of the earthen struc-ture and assure additional safety in the I etent of a major earthquake. 23 1

i LEGEND E' STEAM E COMBUSTION TURBINE E HYDRO E NUCLEAR A SANTEE COOPER SUBSTATION O CENTRAL ELECTRIC OR CUSTOMER OWNED SUBSTATION -u-INTERCONNECTION - TRANSMISSION LINES

---

PROPOSED OR UNDER CONSTRUCTION fq

• /

/ / / l 15.744g j 14.89 14. I 13.279 12.4 ll.884 g II. 5 10.179 l 9.877 i l 2. 2.74 2,56 2.398 2.1 2. 1.841 1.810li\\llll ' Caltmiar Year 838485868 8 8 ; 9 9 9 9 9 79 Calendar YrJr 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 ENERGY DEMAND FORECAS15 CHART (GWH) PEAK DEMAND FORECASTS CHART (MW) 24-F

I V bP SUMMER T. with o CP&L / FLORENCE g i I 3 I I " T2E "o s COLUMBIA i GRAINGER e '7 MYRTLE \\'

gx

=^'" i 2. / '##) Nd .cRose ( t I s ," JEFFERIES y, with SCE & G \\ r-1 N i-sb

n, e,

9 s k. "?s" ISLAND 0 GENERATION AND TRANSMISSION SYSTEM 25

M k y v yyr_;a, sm ' jf; y [ . j,pj f fM y 4 4

7 x _%Q@p3 g ax;g 4

1 4 (*. t i,

f x

?'ig Jtg ?+ a ( ? ~ i.I E v3 -s- ,t- .s 4 -'r lg

• \\ ;.,

h k,w, ' (, II kigt [ ~ @'Q:cg[I 4 c937 crrgsf &? % ',. v 9% ,E '4 se: yv e ,5 ?. g.p: 3 ; e g ;;, _- -+y 7: w y-s e.%3 y l.k g,$ eg ?j. w w \\10TC [61091 ] \\(H) milCS Of (Yan:mlSSIOn lln(S are mainteined tm Santee C00tYr dchtvrma t\\%rf (O L45(Omt'TS in 5 % LOUnlifS Of thc state Nialar 2 30 (KX) t'olt hnes wrre (On- >{Viss ?t'd ta tit' the ricu' Cross Cuencratina 2b SatIOn Ini0 isle transmission >yStim

iWHERE THE POWER COMES FROM WHERE THE POWER GOES ~ Retail Customer Area c,www c, ,ur comm.m. Arcadian Shores ce*n, oprew cd Atlan:ic Beach - ccww u.n. J tannes : paren ine F.4 o.or ts xwi-Bowau hh Briarcliffe Acres lefferies Hydro Moncks Chestnut Hill

1. l.2.3.4. & 6

, Corner '

128 Hydro '

-1942 S458. Conway Santee ~ Wilson's ' d Spillway, Landing - 2. Hydro 1950 200. Little River Jefferies - Moncks. ~ toris. "', Qm w Neck [ Steam #1 & 2 Corner i 92' Oil 1954 171. Combustion Myrtle I Myrtle Beach trbine #1 & 2 - Beach; 20 Oil 1962 145. N. Myrtle Beach Pawley's Island - Gr"mger s. Pinopolis Steam #1 & 2 LConway, 170 . Coal '1966 172. St. Stephen Surfside . Jefferies4 Moncks M% leh -#3&4 Corneri 306. Coal 1970 179. Charleston Air Force Base

Combustion -

' Myrtle - Charleston Naval Shipyard - trbine #3 & 4- ' Beach 40 Oil 1972 1:3. Myrtle Beach Air Force Base Comtsustion Hilton - Wugrial Cugomas

Wrbine #1 Head 20 Oil 1973

~ 135. Airco Carbon Albany Intemational. Inc Combustion

Hilton Alumax of South Carolina. Inc trbine #2 Head 20

Oil 1974 110.

Amoco Chemicals Corg Andrews Wire Corg - Winyah. 270. Coal : 1975 246-3n 3, nit 3 co,, Steam #1: ' Georgetown - AVX Ceramics Corg Combustioni ' Myrtle CR. Bard. Inc. Geog . Arbine #5 - iBeach- '30-Oil .1976' 90. g d .Winyah - Giant Portland Cement Co

Steam #2 -

Georgetown ' 270 Coal 1977 269. Grae Mfg Ca International Paper Ca Combustion (

Hilton toris Mfg. Co i trbine #3 ~

Head. 57 Oil 1979 172. Macalloy. Inc Mobil Chemical Ca

Winyah p usa. Inc t Steam #3 -

Georgetown 270 cc,al. .1980 469.. Santee Portland Cement Co -- W'inyah. Uritroyal. Inc. united Merchants and Manufacturers. inc - Steam #4 . Georgetown 270 . Coal ~1981 427. ' %bccamaw Clay Products Ca, Summer ; whccamaw tumber Ca Nuclear"

Parr,

~300 Nuclear .1983-1.356. (i. Ir ndu Municipal Distributors Bamberg. Georgetown Y"e'"*y Electric Caperative Distributors

• ca, -

w Aiken Electric Cooperathe Cross #2 Cross 4 450 Coal May 1984

'868. Berkeley Electric Cooperative Cross #l Cross: 450 Coal - May 1991 957. Black River Electric Cooperative Coasta! Electric Cooperathe 5

• Excludes financing costs...

Edisto Electric Cooperative. Fairfield Electric Cooperative 2 $One third ownershig being fointly constructed with South Carohna Electric & Gas Company - Horry Electric Cooperative Lynches River Electric Cooperative Marlboro Electric Cooperative Mid<.arolina Electric Cooperative Newberry Electric Cooperative Palmetto Electric Cooperative Pee Dee Electric Cooperative Santee Electric Cooperative Wi-County Electric Cooperative ' Throup Central Electnc Pmr Cooperative 27

r. -

t .s

.} L. l. $ ': b l@. t Q.)'. ?'% ;z, o,.

L ' %..;'s" g-[g., > %,-g..'.:

.V._.7-l __ l*.? :',N.? { A j*.. T. ;a- _ g-1 .m i '- 'W c, S ' - < & io n. u 4p.A A V-.: A.. f,. 1; * 'v" 2:7,,'j.p, 4,;'.~* i.J,.h. g %. j V 7. r v.6 .a.r. J_ 6., i .N,'.* 3 - -J. ny-e.. I..' ...h.,aI Rk k f,.pYS.#hk,, pl.& I $gA,, y #., - [ vN ' N',b ' ' 'o., @'%gfh.. s..h. -e #h,t h ks,k. ~ ~ " .. -.. - u .-4. 2

.8'Y'O '

NY h5 k fC?.$NW*; r fM;'

'y.-

• p R. 6W.Y' ;, - [. ';. ; '. ^., P,.._' h'l @; -; M.M'N h'.

. t} "'. b ' & %[i.;. F. q.y h[ .h'l N ' e. hl* [h.7 , %. %. 4... ' f ; -A. b4 a: , ' '. *.. ;s:;_ j &.

• f,.s lf

..' ;:,Y 2 ~. 'g : i.l ? -M. p. W.? :I'y.R{.fM'\\.s -[. E s-ra ..., f W .y +: ~ 3 yy 4 1 ...."g: n-A: f s.. ..y : y - a . >.; f, v L _ 1,.v.c.- %....,, < : 2,y z.q. g'.4 IEp 9"..'. m,...v, M t, 3.. 3,.; /'.'.49 [* ,s . ',. F,7.. ?,y,., J' ep ' - .g ._A,. ', s,Q :.. O, */,s.. l./- J 1,, A 6 ,.,3 y 4. _q ::.. y,-- .L. y ,_.~ :, e w, p.s ; - [,' q ?h;'. .,'?k

• I 4

. [, O.sh..'}.,., .n. g. y +[;.? ? ((, I,{.; . v . ?:s. a . " [ '. .jj p f.. i 9 ^ ;\\ k i,.' ?.' 'n. ',.M ?..,' '. N..% i.. '

s.. ',. f '

i ... 4.. V. 5... 4- ,L s. ,.z a.u

a..:

.4 +. v N.' (*$;., ? 'Y (' ,f h. ).. "'..'.b,Q.. 6,'.~hk),.,,c,I> f Q V _ r g,. -. h ; =}- p % h ;. '.t4 g eo. 3,,3 a ,c + 3 + - . =.~;s..'l..,.Mf; r- . M.; } '- ..-. j y '-L;p,y) ky'% ,' (....J.g;.. 3 q. ;. L " ;. '- 'J, < '.. ',13. II, f7-., 't > M - ',,..v,..-iT T g ~ 4, y 4. .e -2

...z

,[. ;,..~ g,.,....;, f. ;,, M '.. v., d ( -y ".' 4,,, (_ ,__a < 1.- y ...s., r ' r-

• [t,=,,a.

n. :. a -

%g.. :. h -

.3.-x

• .. g w. ' *:..

s' =-.

• p-s

+r

• ...,+j g,

.r'

c,

se .* e . ? J' 7 j, . *

• j.., *..:.

f,,. r1 e.;.. _:. J,l 9 t'..* -.. +../ .... ' d. Y. e^ .,.,,.e.,, p-3,= t w .,g. r i.., + 2. ,, ', juf ~1.,...,. 4 4 ( g. f,.* ;,. - a< g +, ~ I f,. ,[, 7- .g, 7 ,. /{, 4 3

g. :. J. J -

1, j ! @g ' p -v.,S$ M.-/g. M O2d %ssM.g. ,g - W, y - /... *...? ' 4 A, y , u a,, , sc _,s,, \\ v

x. - - cy

,4 c.- :,.- : .c 7 hj th . (- (;h '.,.M.*,.4 y /$. { /..! N-Jh-N.% (, -4 . + Ja' 'I,.W;s'. 3,3./ - -.t' ;r,, F -' ) <. us.l.- .. 'O V ' : -'i. .f .s ,0 4 .. < mn.,h.9@ n .., b't. O i. .'.i_ , ' ',I ' [ ', Q, ; (, ~ ..~~,.;,N..'-. ..y w W y: - \\c ? 'd ,- Q..,,M i., ';. f W . y,.. . + - t / ..c. ' ' %. ; w.,,. ' *

3.., _

%.f ..,. ( y, 4.- S( w ..i g c.. .e y Y Y . f ~ ?. Y h s v .u yf x ). ). j, -) .?- je. /, N.' 4 3 f. ~ L.' $,;, v,,,,,y; s, _7.s x,e.,.. . a.v, . n. w a.,,~~,-.-, m ?- v. c a r ? +.s

.; y 'g

> %, i.. ; 3' \\,, k ;,,, y. b . I. ',yb .'[ ' J.{ l , /, ,$r [ h.h k[k ' Q [. f.-l f, _ '.' ( gg[ .,S,N:;~b; 'WP O T [2N:Q%Q.LN, &jg..ng* q, !.'.j{,.R,j :-:' f Q [. _.)..

l..'.-l

• k- ). /

.. ' 'I. U.$ k [$ {. ' ' 'h {['. N,.7 - y .. '. _J +rfQ:.tf, w. 3 )w }.h,. lY,.6, t,.,'.s,kl..) T ~ 3

p. y <*

.J. 9. y,.. 3,. a:...,.."', y[ %<. r i4y. _ j,,.

m.,, 4 A..;..

9 x.o ,f 2 p;.r..flf 19 * %.$.,. .n..- k :ph ^

• ,. h..-l, p' y

. --a ,..;[.. Q d-h h.+g% - R xL*J '. _ ', 'i** ' -.. ~...r i

• of' L.

y - ' l..g ; 5

• n 4.

b r, s ' g ' g /c \\.J. f3 - -.k. \\. - 19., 9,,.. &,,kg*h M L <'1~... .,,?,~..%,._..'.,g+_.'c, a* + ; TP ,.p e - k a A: ,.. - z .g w ,2 +3 ,'. c b,,p < e./.,, y,. 7 ~. ".. m,.n....y .v

~<

,-.;,m....,4....',.< ~ 1-s, ~. y . v.. .-,. -y,.. 4.- -ag., - m :.. .1.4 3. 1, ,a,.g.: &. e.. ..,y i -;, y:An, qv# 4 + 'u L; q<. ' g #,r, ,. y. , 4,.y -s c, . 3.5 n,. n s,. >. - .s f 5,,- . M , 'g' + s y > b,s g./ ;; 2 1~c s' -t-7 3 .. spW.O,.) T MW%.... A..l'*:d%. ~ .Y%.y-p N(i, g _ ((j7 ),,,; % u.- .z., 3., 9.;,,;.. =4 ,.s. ._.M'* l 1 J Mi % g..e .y .')..#.... f.-' ~ Qn~ f.% r .id "..g., 'i-p6 ...D w:'.. C . N @4.(

m.,-

./ sAa. l ,J 'f, h.} [ ' 'ak g_ 'l.' w . 3,'. ' t. 7h. .. _. _ 7 _ _,. ;.y,_. r g. y.:. _ g a q g,, y. 3." 4g. -

• • ',$a p,';

.N T t [..h ,c, , [Q t' . c - ~. u . n :. { f, y.+ - ; j..,.;...

ENERGY MANAGEMENT are an Energy Efficient Home Awards and assistance. The rapidly changing energy. program to update the thermal design To help increase the consumer's marketing environment, company load of both new and existing residences: awareness of efficient use of electric growth patterns. and the social and free distribution of water flow restric-power. new energy aducation programs economic concems of the community tors: a load calculating service to were used These included seminars, shape Santee Cooper's energy eliminate equipment oversizing; and presentations, demonstrations, and management programs. Through in-WISE - the Weatherization. Insul-publications. %e number of progra ns novative programs designed to in-ation. and Solar Energy financing pro-more than doubled from 1982. tegrate their specific needs into gram - which provides both low in-A passive-solar seminar for area Santee Cooper's objectives. the terest loans for specified conservation architects received excellent response. consumers are assured of meaning-measures and interest-free and the Myrtle Beach Sun Day ful. responsive services, and loans to low income, elderly. and celebration heH in June was historic Santee Cooper realizes optimum handicapped customers. for South Carolina. featuring the load growth. Through these programs. in 1983. state's first solar-powered { National recognition for its energy more than 500 residential and com-remote radio and television broad- ) use progran.s was received from the mercial customers received assistance cast. The Grand Strand community American Public Power Association. in efficient thermal design techniques. had the opportunity to leam at first which named Santee Cooper among The first loan as part of the WISE hand how the sun's enormous power the six most innovative utilities in the program was made in December of can be captured and to view displays nation. %e APPA Energy innovator 1982. and the total amount l caned of solar-power equipment. Award honors t.tilities which use for the fiscal year was $113.725.78. Closer communications were creative and successful energy-The average loan amount was achieved with schools businesses. I efficient programs and technologies. $2.707.76. The loans were made for and professional groups conceming Santee Cooper was cited for the heat pump systems. insulation. storm electrical generation and conservation. development of its overall energy windows. and solar water-heating On Energy. a newsletter directed management program which in-systems < A majority of the heat pump toward educators in South Carolina. ] tegrates eight separate services into loans were fossil-fuel conversions. was started with distribution of more 1 its marketing package. These services More than 300 residential energe than 2.000 copies of each issue. I include residential. commercial. and audits were performed. a 300 percent Another new publication. The Certified industrial audits: a Certified Heat increase over the number completed Heat Pump Dealers News. was successful Pump Dealers program to ensure in 1982 thus indicating customers' in helping keep 28 Certified Heat quality design and installation: energy constant efforts to seek reliable-Pump Dealers informed of trends in awareness programs directed to both energy conservation information the heating' air conditioning industry. community groups and students: and An audio / visual library has been j professional development seminars to F "' " "~~' expanded. incorporating a broader update business professional. and in-range of energy educational resources. dustrial groups on new technolcgies in energy utilization. Also, available T"~~j g%, - zg W ';3 + ~- fk j g ~ x.. ~ \\;( ,,s p asy34,333 n, g6 v& 4 y s pgg ^ g k. ~ m x ygg : - k 4-i s 9 1'g 9 v-j,g h. 'N i WWu s & 'y& gaw ..q The Weatherization. Insulation, and Solar Energy program (WISE) introduced by Energy Management provides free energy \\ audas and low interest loans to residential customers. Plans are to emand the service to commercial tustomers. 29

IIBL "lCP"f M 'l7 '1 R F ? I"'I4*I I tI:* s R mFr an-ri i am -m-i 9 !bh 'D2$d{ .) -e

i. : wf, Tj..

n 1. . -x g_

_,- #,Ni

]l2 m l',-',.. w g -i - ~ (. .. =; ~ 'T-- i. 4; 30

I CORPORATE COMMUNICATIONS multi-image presentation Winds of in an organizational rearrange-Change". and Santee Cooper's annual ment. Corporate Communications was report received top recognition and moved from Commercial Operations "Best of Show" ;a the annual com-to Economic Development where it petition of the Advertising Federation l could operate more directly in the of Charleston.

i areas of marketing and support for "Who is Santee Cooper and What the economic and industrial develop-ace They Doing in Florence CountyT l

ment furrtions. is the theme of a public awareness l An expanded ccmmunications program developed to inform program was started which included Florence County citizens about the the development of a Speakers planned pee Dee Generating Station Bureau: staffing a Public Affairs to be constructed in the 1990's. Specialist in Myrtle Beach; the use of " Write to Know" was introduced by editorial roundtable sessions to bring Corporate Communications as a for-the company's top management and mal Question and Answer program media together; and the introduction designed to obtain answers to ques-of several new publications designed tions by employees about the com-to reach select target audiences. pany. its operations. plans. and f%rrstwrix is a management-level policies ( monthly publication which is directed l toward the top business. civic. in-l dustrial. and govemmental leadership 6 in Santee Cooper's service area. On Energy is an Energy Management newsletter written especially to com-municate with education and cur-riculum specialists on energy topics. Heat Pump Dealer News is used to pro-mote energy conservation and sup- ,l port for the company's Certified Heat Pump program among heating and 4 air conditioning dealers. Close Up is a pj. new employee-feature news service f e. l used to provide quick turn-around 3 g ' and in depth treatment of important l issues and announcements. A Gold Guill Award was received E from the Intemational Association of l Business Communicators for the l l 3 Q l g x T.Q N n gg x A b y' 1 'x ~ g gy2.y l Communications resources used Fj Santee Coorer range from video pratution and media intervieus to multi-image photographic presentations and a wrictu of internal and etternal puHications. all under the manage-ment of Corporate Communications. 31

,(. :.7, _ aq. ~,., .? < i l. (;,..,;j -,.g ? f e ;; 1. ',., 5,.L *,,jg- $1 - ',,.., a 1.4=, q... '-,,_.,s, 2 :.. *- y.p v_ q,..,,0,p. s*'.

.y,,,,n re, '.,,,.

s. n ys - ;: - t." .c s ~A - -, - :., -- s a a _n.. g, Y B S W' M % M 4 9 W @T'. %..;"$M s j.,,..., '., ?. 7". W '... g.f,. _.,,.pYh ^ ...[ (,.,, 3 . T;."3'i. &(, p. 7,, 4 'g -- %.g g" Qa*, o ~.. ? g". !^

g(+j.4

'~' ? },.. .'. c. S.1 , g 4. 4 s.,,; ;. ; 9. 4 + e < m, s,,,...,.,. e,. w 1

• '/ j,-.

b s.'- 5. ...2,. l 4 [ 7- ' Y p.., / - c, . _r; ?" 'N F. .A ' '. s f 'e '. ' ~:.r ' +? ~.. " ' n ~. ', i ' '. *: ~.. .:5 i .n

• _9 h

>..~{c W, Y h. . '. '%t' [.f ~ $ [ \\ (d ; - % Q[Y

• .i.w /~..k. W i.."Qtn

$, o f :' 6 'l ~,;V 3 : .W(* , y[z.,(, ',- ?.% J. e [ I ,.f.,'. N. '1 '.n.

t. #w

.,4.++ .d - A. r . Q. '. a ~. < '. g.,- , y,-b

s.. %, L, \\;'.'f,., a s *.f O'*

p.;; 2 $. , ? +,. . > g; *. 'a...->m. '.'. fn.e 1 s w n.%c.

:, f..... '

r g 3, -.. 'f;., ;.,,T; Q ' *,i ?.;' g.l l,.,; . 4, k (.- .i ,y 3 1,.. 1 -

. t,...*-"'s 6.)

'.?[p,f..:g 1.., %-. gy.,t,; m'.n f... y' + - f w+ w g.,. .'e a s, ,s. y-W - 4 '1 s,y .s. <_ a 'g ;.a.. g -' '.K-- } +.f f ' d. (N j' \\j. f, [l}g} 'k. 1..(1 KQ e . ( j.;, 4, }l L g-p

' /.

1. %, j ' g,,, ' '.

(~ e. ..,'3,., iA ,'J'- g + g,' ,y, )l ?'.. 2, " (l : - '~ g.N 4 < ((, y h h'. <. '.,f; J ' ' I /*. .s [ " *, Py '] ?. -C g g

W %.: "...' T,,; e.,,',..'"2 y, J.,

', _ ~,] ' 1' 7., 4 z-g. ; : {- .x < m y +# -' A..

.~ &~ y '- /., ;,'

. Q, ' n.*

=

.s n,. s- \\

,r ;

g r s \\

. g js\\.s '.

x,' v a E :/j.; ',, sp',(Q<.. i '.. pa.N. '

'.*~.?

l.]

-d, # g{.k.:.o % f; i. 4 + 4 3.. E ~6 .3 ,3 i k '; k..y _ 5 f_... 'p :. r. s .....;i.~. n.

v....c u,

w V N. _' ' f.. j. ;',- grq Y N,., '.. y.e _, . g " 3,.. N. ;y% }.Y e ..,.. ' t,g N ;

t..

c a. ; 1 'j N l l \\.. f-l :: N1. lC,h,e.2 .4 5 .t_ .{ l&.=.,~. 4 g e,n,..5J j..i;;f}. ,; ' k Vy& },.&p,).%Qi.. gY,.. .A .g. f:* /.* ...c .s,1 .3 .t

a.,,f ( ?,,

_l g-m.- n n. s.;a..q -:: . aQ. %g.y :r< . y y _ y _. e. 8 ye sy y% \\-A.. .y - , z. 2 ~c~ "... M.,o. m. M;.V,: y.u. v. ;... o t y. %s e 6.9,, x.,. s c...

1. '.u p*(

,. g, -;g ....s-1 g. ~^.w.. 7) ('

• +

,.l: +- ..,,G'.< :Q # h., .. e # p :_ m ::' ..~%/ p g.

. J.

4 7 3 3 v < - QW & ~,1 y [ >L: ~[ :,* 1.- ":Q ' 1 f '. * < Q,(t.:., J. ( ', % #p '. . 4 c. fy , t.T J. j i e t'., ' f J. ' d. *, ' <' < .w- '. f % %. i . i. ;..

4..p '. n. h.

1. .k '. 7l 2

,M,2 % - i ' I w:. '.c ,J,,- , ~ ' gN ' y g-' E "M***G p? i d'. / h,.,.g,.. k.. $.h.!. la. f.,..t ; ? ~ ???,:.) !. '!Q d, ['.}7 7 b . ~ r ,' ~ *.. '.b. :. - l ' ' a.!

• .. n,'

, 1 p'. * !.r[.[' ~ k 7_ <T l ) ' q]%pi u [ -[,, ',.. J ' ' ' _ s.l (., $

y. [.i '

f

,. ; ', ' s..g.; - g p .7..d. gl ',' }. f t

g. g y g. c.; c y ' s... j h.... %..q r. g - p 2

.3 y. L, y *, lx ::,f lL,',.*-;. g.;3.,Q.:q f,.?,. q. o.

g., rl

%-+'lf., y .1 4% ' l s,4 j...._' : - f5 - q ; i.:. -Q% ,, y .,..p 4 g, t ;. ' y m,....sk f p#m t. p...,_..; c c ,,5 3, 'd'k"/} / p - L .y ...,.. y y hi Ei;M:.. a..\\,r..y 4..,. u- .d, - - [ l. %4 ) N;.' [ h.". D[ pQ:np .p . - f , 4., :.- &g, ; ; S t.f.,: .:c. h,.f.w.&l g.j.u.%. = - n

r..

~. x p',.i. %.,,...' c., d... g,. 4pp ',.. y, 7;, - ,,p f. K, .. n p..r ,L.

s..,.

i,

e.

s 4. w

3.. :

_ %-,.3 v.; <.< j d. e.. .q.'94- $i. F,.., * .r , h. g. s. er 2

• % */.* Q r, v.

.., n.

, ;C~..<. f, t p % %,

%.., '#~%.- T ' +* 1, 6 r g %}.%f.,}.l{ [.}. i [ :(~ 0

p h3 [{hy D.. ;

. W Q, ' h,. \\ '-12,-q. ; 3. &w y&;1 -- J =... - r #. t. C,' J; A :,-lclu s& i d l.,!,M:}a{: $.tt qlQ W:- b '.c m 4 ,c ? f f k ' h.,4 s;p 9 9 3,. ; t f en z.,, g ~, n,. .n.. .v s p n..>.,- . g..s m ~. ?.. h . s x n .s.. :y h,.

,'- ),.

3.W'w4f M A M g 4 M."y WM4 pcx.4 W %g ..i .},.i 1 A'

• .g.

=' 6 M

• ',,d k -k g

h 0 f ,. 6

y,8

/

4.,:

1 .,.z.., ,.;..s .,

• i-l'( s

(' .,, h ' O. { * [ .[+

i....

.n. .,,,,,,...,.y. -.. ~........-,,.... h. /, .N ,f ).',.**,,. [. {. s., ,F'.

t ECONOMIC DEVELOPMENT which provides a data base of nitrogen. hydrogen. and a variety of improving the quality of life in economic resources. site availability inert gases for industrial and institu-South Carolina is a corporate goal and criteria. and other related infor-tional uses. that was given renewed emphasis mation. This bank of information will Santee Cooper is prepared to l during 1983 under the organization bc obtained from the company's meet the development cha!!enges of l and direction of the new Economic digitized mapping. computer graphics, the future and through its economic l Development Department. Energy and management information systems and industrial development programs i and market location factors are now technologies and will be sup. to improve the quality of life major considerations for industrial piemented by information describing throughout the state. 1 and business expansion and for the availability of railroads, highways. l future siting decisions. gas, water and sewer service. and l Santee Cooper continues to play other resources related to site selec-a major role in the economic tion. This program is coordinated recovery of South Carolina. 'Ib meet with local. county. regional. and state this challenge. the new department development organ!Iations. formed in January 1983 includes the Four major industries are under Corporate Communications. Industrial construction and will use energy sup-Development, and Wampee Divisions. plied by Santee Cooper. These are Air-These operations provide the com-co Carbon. Ridgeville: Conbraco, in munications, industrial coordination. Conway: National Widers. St. Mat-and other functions essential to the thews: and Airco Industrial Gas Pro. coordination and support of a well-ducts, located in Aiken. These projects planned and responsive economic represent more than a S300 million in-development program. vestment and over 2.0N new jobs for An industrial marketing coor-South Carolina. l dinator maintains contact with key Airco Carbon will manufacture county economic development carbon electrodes used primarily in organizations: economic development the steel and metals industries. allies in the financial. construction. Conbraco will produce stainless engineering. and transportation fields: steel and carbon steel ball valves the South Carolina State Development and fittings. Board: and with industrial prospects. Both National Welders and Airco l An industrial site location informa-Industrial Gas Products are air separa-tion program has been developed tion plants which will provide oxygen.

1. +J

\\ o p y f, .tI, p ~ y g O p, yM 'L_ 1 y [ ,e ! %t .f ... ea n i _ zu_ Major construction ty new industrial customers in 1983 produced thousands of new jobs for South Carolinians and added brass ndws, sarbon electrales. and com presxd and liquefied air products to the statis list of manufactured resources. 33

9. !PtH!i;1W' e

t r ~ ' n: __ a ~~ ~ e ~

3. cJ. !/.

3 n 1 n< .o . Jl_3 f h?lq,q ,4, .s. ?

?y,.

?' *: ~ f,k '*

g

<-p. sg.... p[, -g.. +, u "4 'YQ '\\ j " ~.s f) 1 O,% T. *, w 4 tg / y, ,c ), ..g - g, Q c t 1~ i '%\\,. ( k%- 47 e %q

1. t'. j

_ ~ _. f ENVIRONMENTAL RESOURCES Mosquito abatement operations A commercial scale waste-heat were conducted ca all project lands i Horticulture Program was approved with more than 20.000 mosquitoes by the board of directors for the con-of 50 species trapped and iden-j struction and operation of a two-and-tified. Approximately 164.000 acres i one-half acre greenhouse facility at were treated for adult control or lar-Cross Generating Station. with sup. viriding The mosquito fish. Gambusia port facilities to expand to 10 acres. affinis. was stocked in standing One acre will be devoted to several breeding pools and effectively con-varieties of roses: one acre to trolled larvae growth. Growth tomatoes and cucumbers; and one-regulators and th2 Lacteria Bacillus half acre to chrysanthemums and thurengensis were also used for snapdragons. The entire complex will larvae control. be heated by condenser water discharges from the plant on as way l to the cooling tower. '!btal capital cost of the project is estimated at $800.000. This will be the first com-i mercial horticulture project of its kind by a U.S. electric utility. Under the Aquaculture Program. more than 75.000 Tilapia fish were i marketed during the year for noxious aquatic weed control in South Carolina. North Carolina. ari Georgia. l l Fish were also supplied to several l universities for research purposes. Ad-l ditional hatching ponds were cor-structed to meet the increased de-l l mand. All hatching ponds are ^ - " A, .s' -4 warmed by waste heat discharge from

• & l.... ' ' ~

the Winyah Generating Station near .MP.? ' '['- O ( signed to produce tropical organisms R.- ~ ' [' ..l. 4 J f Georgetown. This program is de-N\\- .hy 4: .,i4 ~ ,s 4:,. l and to promote rapid growth of F...'- M ;i ?

i. r A *.. Y '%-

native fishes. [5 (.T ..i, g. - ( N ,'.. A} j '. %',<..y .( l

4...

g,. ,~,-... - ?. . [kf$ Wi I.? l '. L Q: Y ' ;.%. ['. W - ( ;..' ~ A . 2. :_.;. f(h;..> " ! T. . :. -. f: _ _. - a>j q s '+ .s x, ~ .m %,Q %.h;,%&}ni' . T. d. i

.7.;

pp i-g. M f. g..& [c. (- yh%. P.' M , p, ~ 6.}.., : f4 6 l z;.._ c i j.lf' j%.%_.g;& ' l,lf..... ' 'i.i & : ',l..f p, -,.f < t.) 3.[l$f y.w. V n n '.::.....y 2:...: .h.m . h) 1 ~ Y he ^ .i h I... s...; .s. N 5 -l: l' I .N_ fE k. I . ff.f.

• )

l.._ h; l** f:. ?.f. i A successful horticultural pilot program uns expanded to include plans for constructing a 2 H-acre greenhouse facility at the new Cross Generating Station. %matoes. Roses, and other cut flourrs will be grown commercially there using unste heat discharged through the cooling cyde of the plant. 'horical fish are also grown commercially using uuste heat. 35

i 4 = i' 5 ' a f:..;- z 36

AQUATIC MANAGEMENT PROPERTY MANAGEMENT There were 682 permits issued i An aggressive aerial assault on The Property Management Divi-during the year for the construction noxious aquatic weeds in its lakes sion administered 4.141 leases around of piers and docks. retaining walls. I was used for the first time by Santee the Santee Cooper lakes. These in-boat ramps. dredging. and for other Cooper late in the year. Helicopter clude 2.951 recreational lots in Santee structures to be located on Santee applications of herbicides were suc-Cooper subdivisions: 1.050 marginal Cooper developed properties. cessful and more efficient in lots adjacent to privately owned sub-A control plan was developed to establishing control over aquatk plant divisions: 88 commercial lots; 15 identify. evaluate, and classify grov.th and opening waterways for ac-miscellaneous leases: and 37 gratis shoreline areas which are subject to i cess and recreational use. Helicopter leases to public and quasi-pubhc en-extensive erosion and to establish treatments of 400 to 600 acres per day tities. Revenues from the lease of the an overall plan to deal with the for four or five days would have taken lots during the fiscal year totated erosion process on takes Marion 6 to 8 weeks using an air boat with $571.497.30. and Moultrie. conventional application techniques. The inventory. identification. and Site plans for six public recrea-Approximately $350.000.00 was cataloging of approximate!y 75 per-tional areas to be constructed on expended for the control of the nox-cent of the fee-simple properties Santee Cooper undeveloped lands in l ious submersed aquatic weeds Eacria owned by Santee Cooper throughout Berkeley. Clarendon. and Orangeburg i densa and Hgirilla terticilatta in the the state was completed. This in-Counties were sent to the Federal Santee Cooper lakes. This included cludes sites for generating stations. Energy Regulatory Commission for its l $138.000 of federal funding obtained subst6tions. microwave towers. approval. i from the U.S. Army Corps of transmission line rights-of-way, and Approximately 84.000 pine seed- [ Engineers. These funds provided for other various properties This pro-lings were planted on 110 acres of the herbicidal treatment of some vided the Property Management Divi-Santee Cooper lands in order to l 2.300 acres of weed-infested waters. sion with an accurate method of maintain sustained maximum yields. [ representing Santee Cooper's largest record keeping for reference and in-Approximately 146.000 board-teet of 6 single $ ear control effort. spections of these properties. sawtimber and 1.252 cords of l An ambient water-quality monitor. Studies were initiated to explore pulpwood were cut and removed ing program was begun. with sam-the feasibiitty of incorporating leased in conjunction with forest manage-pling conducted monthly at 43 sta-and fee-simple properties into a ment activities. [ tions and quarterly at 8 stations computerized property manage-A total of 3.858 acres of Santee i located throughout the lake sys. ment system. Cooper forest lands were burned to tem. All analyses were performed reduce hazardous fuel buildup. im-by the new water quality limnot-prove wildlife habitat and control undesirable plant species Revenue ogy laboratoiy. from the sale of forest products and [ agricultural leases totaled $121.311.46. l .. l \\ i yg p ) l The Santee Cner lakes are important recreational resources to the people of South Carolina in allition to their nJue for hudro pouer acneration. naviaation. and limi con-l trol. Maintaining uuter quahty is a comm:1-l ment that indudes year round monitoring 2nd seasonal battles to maintain control estr notious aquatic uveds. 37 \\ l

_g a g a ggguur - ~. (2 , w;

• ~;.;

v*: Temuah OUTREAOi cmt>lauces arc OHc to share ut' to four houn 4 senttwij t;mc cash month - mahhcJ tgo an cpal ammmt Of tYrsonal tim ' -- t0 hclt' m,Yt sr,t htl punuin n,ni, a, thin the omm<witi, s atu rc tru'a utnk Thcu t>ratic *1,'!rina nan,6.i ra! O !? t m: ns.vut thr0uJV t'uth s'n !u' %wl:LJn 'Or,'nc Wetle J xkh ar1.'aEu 38 ,wti inn nic 1.nJ 'tnia; 6hiin tJoe

i INDUSTRIAL RELATIONS mended placing " Lifeline" symbols on care These resulted in reasonable Innovative and diserse approaches transformers and other distribution health insurance premium increases ( developed and used by Industrial equipment serving people on life sup-and no increase in dental in-l Relations are essential to insure effec-port systems. surance premiums. i ( tive human resource management. A new Comprehensive Affirmative All exempt employees were This was evident during FY 83 in func-Action Plan was developed. approved moved to the same date for annual tional areas such as employment, by the South Carolina Human Affairs performance evaluations. This enables training. occupational health. Commission. and implemented. This the merit increase plan to be ad-employee relations. and compensation. plan includes a work force analysis by ministered more equitably. A variety of methods for attrac-department; data by major location: Non exempt employees were I ting qualified employment applicants and established goals and actions-- moved to two dates for annual perfor-were used. These included advertising Employment. compensation. pro-mance evaluations. with future plans campaigns with various media. on-cite motion. and other job-related to move to one review date recmiting at universities and colleges, decisions are based solely on lob-A handbook for writing exempt i participation in career day programs related qualifications without regard and non-exempt performance evalua-and close coordination with lob Ser-to race color, sex. religion. national tions v/as developed and distributed vice agencies and other sources. This origin. age or handicap; except where to all levels of supervision. I resulted in over 5.500 employment sex. age or handicap is a bona fide l applications during the year. occupational qualification. From this group 218 new A new Personal Employee l employees were hired. a 12 percent Benefits Statement was prepared for l growth rate The full-tirr.e employ-each employee Information on in-t ment level reached 1.349. surance benefits emphasized coverage A testing program for apprentice and company cost. In addition. pro-applicants was established in coordin-jections were made on retirement in-ation with lob Service and has pro-come. Social Security. and deferred ven to be a valuable recruiting tool. compensation. The statements were i Promotion from within is em-mailed to emp?oyees' hoines to com-phasized by Santee Cooper and the municate these benefits more fully company's job posting system with employees and families. resulted in 145 employee promotions. Employee response to this program Employee advisory committees was extremely favorable representing more than 400 Cost containment of employee in-personnel were very active and surance costs was emphasized and b lt many of their recommendations were program changes were made to acted upon. improve benefits for preventive Strong interest in the suggestion program resulted in the submission of 181 suggestions. The Suggestion of '~~ l the Year was submitted by Richard i ~ Wesner of Myrtle Beach. who recom-3 y l 39

a_mnau a_. m---- 4 Y V'%, ? Y%ny. " **T**M y., S % %., T9'. w py l ) .n ' : 1 I r! edN .,c c i d{ _t ) I .s ; {- t- ,J 3 l i f I l .a +. ~;. f_; lc. - 4 i l I f .9 l... 6 t p t ? / A f - : n:3 i b-I ~l l W:. l o. t. l i: [ J.f:+ ] n {.l'.. U g ~O' - m w,u, % ' ~~ ~%&, ;,a %u 7

e. }

{ i l 40 l

OCO ' PAT MN AL fiLALl H 'rganuatn,na! tiesel inment nee + W f !Y Wor emphasis wa' plated en HWgni mr rg M 3 uJed l*, w - ' ,: te cet, J f. * :a ce ; w ed e e, ' b emphwe wehness Apprmma'ei t he a<i.i;t n >n i.f a 1.nt man trom;ng t r i o, M N) erPpk)yees were gnen physk a! t %- struct and extensl$t-phnn:ng hi in i,t ta. w,,,,g'..n! !Wj tv aminathins whKh indudod hear:ng p!ernen* a : r cron tranne pregran s rtre t a,; e i 9 e htto r s o , we,,,, i t r e. 1 or.1m. s>nt< tests lung tun <ts o studies vs<,n Ie it se4ac a s h ie. miin!ng r e,. set > strece mg and (.ther tmk)gh a! si reer gra o aos Jeveloped t, Ane the m Ta a ea", o +, *w ^ I ings physK al at talties sut h as pn x f uttmty of Lne ( cws

w e ver s.a : prese, ico em aerobKs dasses s,ftlJ hodettGl A new su;.ervN 'r.

srrnon sn

" i n < a-e a w-f and other en d we atnvit;es were en pnytan was m;Wernentai o epen mA h 4 4oe m i

e } tourageti and sp invired bs the sm-w q je T his hot a iw in r in.gra'E is je t t' .n" 'oh>

• i n 5, c S a eu, ed an uat A t r pany Wre than W errph yrs signeti te proule trmrung t, e new t1 =p1 s

parta trated gen o >rs mthe reas of prs & - 4t ne me> te Et ies yeata r rT;; Ain, p 6 a les as im;', o'at n 'r th in J m1 n ,in t u es t. ins An UKjustrhd hygiene finxtv in was tis ;t, t< e omt ns.Antur of,s tbc I dtided w:th a gs kd t d earh Rientif k a-a'h ! 't her ma"!ers aIh h are c s upers N in p ~t < >ns ese wm ths aAard :, m et 4t n e tion of p,tential Malth o in(ems h i indudes works;te surveys ts ast ev i he 4 Gt nit' cui 'o r

1. r, r nr lese ls l't t hen rKd! })hvsk a' anil cams wi.ue exF>anthsi ;n ltm s t<, in-m ad;i;t a J4 a s

,t s c o,. bkdogh <d <igent, Udtd are t ( d!c M%$ ! nie electrtin k ' fui x rt j 'TJ Uw 1r tsw g )( q e4F( g j < jw,:n j. ' 'ne Na ( and esabred and t, mtn ! measmes 4utses t 3r add,th,na! ph i ;asstn s tm W vets v mra ! mui the s > # r ns Ec p wer pbnt sn-6at. sr tran-t, r.oatA .p c W viet,(1cc Wre 'han l J H i emph set s we 9 e .ng ;,n sgram was expauied ti i mc oh-N ntet (1x p ",exo> em sattt; tramed in tast ahl ondi r t anin > s!P! supen N 1rs and add:n na; un ! o,ord s a bei thr g !! e Jem, s puln'onar y resussitathin < pe atms nxen,ng re< pdita, t er in r and ett, wt, a sul, wi d t< n e i Emph wes u sntnbuted nm ae t'.r1 trawng t he ' th e smu at - rnak e,

• wh.h tt( p "ates and parta p res r 3l0 pmts ( *t bl. x s i dunng bk x id tinses p,wbie t< e u;>en N n anti t p; rat 4 Trs t he, ss erf det, ett. vt at sanous h ican sns is ' be tra ned tn a sh irt pern,d ( 4t t re w th(sut tja ;pt'ne nt r'id stath m TR ANW AND Di Vi t> 'PW N1 pera u >ns t

( l j ', (i . t_ (' li j r ses w (i e N' 'Linl(*[( N b IIciqI' lg ($nl ( (be ment programs were prowe i to sterea at...mpam tanes ten <,gh a -J J.,. 2 9. 3' awst managers supersis(>rs and x perat ie ett< it w ltb Lrestene 8 eml)h iyees m attammg s 11t;m'j!T' (iUlege g J )ertt 1m int e ('ine h;n jred dq j q xts-tl,e b \\ N(' in j n emf t$(Ys fhijI-tMP W(Ys { MrT h If jd[ed 14 { he { 1,jf h )O IK I; b liet4 m trdlning d(talIKN th.it :n-aid ;)togr,$" 3 (lu< h 'd onentatb in < it new ;'eN innc! , z* ,s-V edu ata,na! pr grams and desebp-jg,. qjg. ggggg ,~ w j - 96'5., = ment < 1 present personnel to meet 5 )W P c ;. f y

* *e v

N ur,- / ..] ] $ * , ' 7., ' , ? .t L: h, A. [ Nf,. x[s _ I; b. P ' L b * ~. '.)r; 4g - q[. d tf w o m.. :..a r_ %. ; - .,./., .s. .s ~ o v r: ' ' b<A 'y'. - u,, 1,,.c, -:v m ;, "h - f t h l, ', q' " A_7,. J . vd.< .-j =..% , v'*

g. g s

l ' [., ~ 1 = =. e t 1.n % gy.?A q ~p 9 ih,ceg+W f ~ .g a.-m.: ~ m s - ~ m A

i, s.

.h;. '. bb "p; , T - ',.. <. 6' ' g, rN4. x. r%e. w.m #.. g .. 3 -.. , [.gpQ..m. '._Q,3 ), -

t. '.;,.' r

.: N 3 y., ; y, _ 4 p 4 ~. . x. lttakW trdmitta ef0Jrams TV0nial Tr0fes-Morts Jotd Ovaam:JH0nal deWlortnitit at S h W N of taw nlHU etV9d Wt13 A umddi f nk ter rew tramma cream ruhed x I HtW(pt jlJnhlh h ii-Vhlf0 td!Y tidhir I Sanna thhnMm IM: wr cdotital 10 thc;r sateiu an tne ut

• -- yT r;".':Typ*

gg-g7 v. 2 4 r i s.e. .f "h r s%. ?,_

c:, : - '

, M w -,.., z.,^f I-4 ^r_1 y. mm L9_ k 9 ac..,

1. 8dp i

, ' 0 '* };i,I,'_ '? me + ' r. N ;_, s,gy .[

• Y t

1 42 = us-si -.-mm

CORPORATE FORECASTING MAN AGEMENT INFORMATION SYSTF.MS RAM 6 STATISIICS %ntw Cooper s computer pro-In May 1983 Sontee Cooper in-cessing upabihty was enhanced gred-troduced its hrst rate increase in two k with the installation of a new IBM years. averaging 112 percent In-W computer system and a new novative rates introduced included operating sptem Remote processing those for interruptible serne off peak capabihty grew substantially dunng the energy use and voluntary seasond year with the addition of rnure vdeo rates to accommodate speual necos dsplay terminals and pnnters of Santee Cmper industnal and tom-A new dady retad tung sptem mercial customers was,ntrtxiuted Ths sptem features a A Budget Analysis Program was new enveiope bdhng format included -/ initiated on a monthly basis to inform with a return envekspe The system senior management of reasons for a6 i provides the opportunity for the vanantes between actual and company to communicate duectly wth budgeted expenditures The pn. gram

ts customers on a monthhc bass using provides better t ontrol and folkwup bdhng insens Th:s new format act:.in by ident!f ying and correcting repiaces a post card bdhng format minor discrepanoes before the) whKh had twn used tar more than devek p into maior cencerns it dso m years improves budget aa uracy and tet h-Other Management Informata >n niques by having superusors closely system improsements included im-analyze and document their monthh provements to the invent < >r) system to vananws a! low the reserung of matenals for A t omputenzed industnal and construction pro!ects as well as the wholesde t ustomer bdhng system was development of a parts catalogmg developed It includes translating system for the generating plants and i l(

magneta tape meter ng recorded at updatmg of pohcies and praedures g'.f-r } p >{ ?]p the customer s serv te meter manuals to increase accessib;hty of in- -' - D .;.. }.f _ :.y .. Y cakulating the actual bdhng informa-formation through a new indexing

g. g

- { >- g%p % g. tion for the customer and invoicing 'vstem and procedural format .s ,b..~~ for the monthly power use <harges ,' ri. ' A.% ;, J. n. 1 t.,.. ' x .;. 4 ..t ....a The sptem also prrxiutes sales and Ax ;.. "..in M, L,y.y ;,'} % :9 W revenue summary reports and tracks the payment of the power tylls %"r 7 ' " *' ' & ":O Y ~:'. {. '.; D* ' i. g!f,g y ' jt,,..y j [. f.h h ~ N 4.(.a e,. '} }' .R 'y+ : - ' 'l. 'Ui

• V*

,. i, ,l,, l ,_f L

. ;: ;. - - y

.<,,4 N.' 3 :~,"'.. ' [.9 M.,y. ', '_ g M- ) RGFr',... .. 't,.. g.x-e,. ,f u a3 ' ' W. v.lg,4-

1. }i.

.$,.g. .y....., ;j._ r g c_ z. ..; 3 %[%] v...; - _ , - l- ' k r[ ~n n.. f ?., ' -J',D u m w'..}-

=-

.? c L.m. a = 4 ? n.. ry{..

• -1 A._ Ll,Yj j...

,.f. '.-[ f *

• s ^., - ? u+.'

I g u.. * ' % 9 .p - -.- a, M n p :...- ~ ~ .3 m.

f. '.W-

? N. ,'~ .': y" 7. *;.,' ;.~. * ,.t. ,r. sg-l1.* ?. Jf *,. . e , _.t .p y f,h,'. ' '. ~ ?- l_.;;'z,..;,\\_. _f:, ' ..sf,'. ? '._, y ' & y. u R. -y ~' s y x,f y._ ? . - 7,. m;, 3v,e ?. ., t. 3. y%o

3

.y m Computer tcatnolary uns uwd intreasmaly throuah0ut Santce C00rer ta twide mf0r-mation, data and wrd pr0tcssma surport to manaaement and vivrattuns planntna and surtvrt versOnnel A rrearam Of offnc automat;0n a1H soon lv mirAhed t0 im-ff0W cflhlintu mf0rmallon fl0% and data auluts:tJ0n A3

TREASURY During the year. two major financ-ings were completed. The first was a refunding to defease bonds having an interest rate well above the market rate. The refunding was accomplished in record time as a result of preplan-ning by the company and the close cooperation of its financial advisor. underwriters. and bond counsel. The refunding bonds enable Santee Cooper to realize a present value savings of $30.126.445 and a savings o'.er the life of the bonds of $114.573.992. The second financing was a com-petitive note issue with the proceeds used to refund maturing notes and a small amount to provide capital to complete the Summer Nuclear Station. In addition. a $50 million bx Ex-empt Commercial Paper program was started during the year. A new billing system was started. which has im-proved cash flow by reducing the time between reading the meters and the dates the bills are mailed. 159.393 870(47.19%) 7 2}.25.1 ( 7%)

mwn (If97%&

46.364.372(13.731) [2 8 98i8 32%I I llJPatadin'ai4fADsh, 9 94i.i23,2 941, ffk$$( kh i h,, 9e 44 SOURCE OF INCOME DISTRIBUTION OF INCOME

AR!cK'Ioxs g O? REVENUE Years Ended lune 30.1983 and 1982(1) 1983 1982 lbtal Operating Revenues $322 708 318 S307.731125 Operating Expenses: Operation Production 171 523.177 172.205118 Purchased and interchanged l Power - Net !.331.726 9.259.015 Dansmission 1.507.6C6 1.798 806 Distnbution 1.305.113 1.059 489 Customer Acccunts 2 170.201 5 763,477 Sales 103.125 85.928 Administrative and General 14.662.640 l1.744.316 Maintenance 26 372.895 24 403 893 lbtal Operation and Maintenance Expenses 218 976 483 226 320 042 Sums in Lieu of 1hxes 980 744 564 554 Total Operating Expenses 219.957.227 226 684.596 Net Operating Revenues 102.751 091 80 846 529 Other income 15 059 655 12.976 995 l Revenue Available for Debt Service and Other Purposes 117.810.746 93.823.524 lbtal Debt Service 71.457.157 45491.037 Lease Payments to Central 5461.847 5248 662 Principal and Interest on Other Obligations 8 9I6.111 83.215 Balance after Debt Service. Lease Payments and Other Obligations 31.975.631 43 000 610 Paymen:s to the State of South i Carolina 1.500.000 1400 006 Payment to the Special Reserve Fund - Net 1 079 756 1004 761 Mandatory 8% Allocation for [ Capital hnprovements 23.240452 24 807196 Revenue Available for Operating Requirements S 6.155 423 $ 15.788 647 ) til This summary has been prepared from the financial statements and ..m other data of the Authonty and has not been examined by the in-1 dependent auditors This summary presents the net revenues available to the Revenue Fund for purposes such as providing for increases in working capital requirements it differs from the State-rnent of Reinvested Earnings in that it represents cash transactions on debt service and. accordingly excludes non< ash items such as depreciation. allowance for funds used dunng construct >on and amortization of debt d'scount and expense t I h i i ,.----------e,w- .-,,wn--w ve----n-,,-.-----er-e- ---e-------v~--w-

FINANCIAL

SUMMARY

1934-1983 Since Santee Cooper was created in 1934, a net amount of SI.868.854.000 has been invested in its production transmission. distribu - tion. and general plant facilities These capital additions have been financed through reinvested eamings issuance. of electic revenue bonds and notes, lease contracts. and a federal grant-in-aid of $34.438.000. Santee Cooper's net eamings-before-taxes since the first power was generated in 1942 tota: $232.428.000. . Payments in lieu of taxes have been made to the State of South Carolina totaling $21.223.000. and to the coun-ties and municipalities within our ser-vice territory totaling $8.417.000. The remaining net eamings of $202.788 000 have been reinvested in system improvements Revenue bonds totaling $2.281.594.000 have been issued since the incorporation of Santee _ Cooper. Bonds which were originally issued in 1949.1971, and 1976. were advanced refunded in 1973 and 1977, and have been defeased. Also. $127.00dOOO of the 1982A and $100.000.000 of 1981 C were advanced refunded and defeased by issuance of 1982 Refund-ing Bonds. All refunding bonds had an L outstanding balance of S442.674.000 at the time they were refunded. Prin-cipal payments on all bond issues. in-cluding the issues refunded. total. S42.375.000. Outstanding bonds as of . lune 30.1983. totaled $1.796.54 5.000. - The average annual interest cost on these bonds is 8.32 percent.- As of lune 30.1983. unexpended funds from the sale of bonds amounted to $106.559.000 in addition to debt resene. debt service. and in-terest funds which totaled $372.442.000. 45

SC-EJUEE o? 30xJS OU"S"AN JING As of lune 30.1983 (In Thousands) Maturity 1950 issue 1967 issue 1973 Refunding issue 1973 issue 1974 issue 1977 Refunding issue 1977 issue Date July 1 Int. Rate Amt. Int. Rate Amt. Int. Rate Amt. Int. Rate Amt. Int. Rate Amt. Int. Rate Amt. Int. Rate Ami 1983 2 70 265 4 10 165* 5.00 795 5.00 970 6 00 980 4 30 2.595 4 10 41C 1984 2 70 275 4 to 335' 5 00 830 5.00 1.025 6 00 1.035 4 45 2.710 4.20 45 1985 2.70 285 4.10 630* 5 00 875 5 20 1.075 6.00 1.105 4 60 2.835 4.30 445 1986 2.70 290 4.10 660* 5 00 920 5.20 1.130 6 00 1.170 44 2.975 4.40 47C 1987 2.70 300 4.10 685* 5 00 %5 5.20 1,185 6 00 1.250 4 90 3.120 4% 49C 1988 2.70 310 4.10 715' 5 00 1.010 5 20 1.250 6 00 1.325 5 00 3.280 4 60 515 1989 2.70 480 4.10 575* 5.00 1.060 5% 1.315 6 10 1.405 5.10 3.450 4.70 54C 1990 ? 70 1 900 4.10 420' 5% 1.380 6 20 1.505 5.20 3.620 4 80 570 1991 2.70 1.950 4 10 440' 5.30 1.455 6% 1.590 5 30 3.830 4.90 590 1992 2.70 2.005 4.10 455* 5 40 1.530 6.30 1.695 5.40 4.035 5 00 625 1993 2.70 2.060 4.10 480* 5 40 1.615 6.30 1.795 5% 4.260 5 10 66C 1994 4 10 2.605* 5% 1.700* 6 40 1.910 5 60 4.480 5 20 72C 1995 4 10 2.720* 54 1.795* 6 40 2.035 5.65 4.710 5.30 785 1996 4.10 2.845* 5% 1.900* 6.40 2.155 5.70 4.995 5.40 830 1997 4.10 2.975* SM 2.010' 64 2.295 5.70 5.265 5 45 890 1998 4.10 3.105* 54 2.125' 6% 2.435 5't. 5.590* 5% 935 1999 4.10 3.245* 54 2.245' 6% 2.590 5't. 5.915' 5% 1.005 2000 4.10 3.395* 54 2.375* 6% 2.750' 5'/. 6.275* 5 55 1.065 2001 4.10 3.545' 54 2.510* 6% 2.920' 5't. 6.665* 5 60 1.130 2002 ~ 4.10 3.705" 54 2.655* 64 3.110' 5'/. 7.050* 5.60 1.220 2003 4.10 3.870* 54 2.810' 64 3.295* 6.00 7.490* 54 1.295 2004 4.10 4.045' 54 2.970* 64 3.505* 6.00 7.950* 5% 1.380 2005 4 10 4.230* 54 3.140' 6% 3.730* 6 00 8.450* 5% 1.460 2006 4.10 4.420* 54 3.325' 64 3.950' 6 00 8.970* 54 1.570 2007 54 3.515* 6% 4.205* 6.00 9.400* 54 1.795 2008 54 3.715* 6% 4.470* 6.00 9.950* 5% 1.945 2009 54 3.930' 6% 4.745* 6 00 10.565* 5% 2.080 2010 5% 4.155' 64 5.045' 6.00 11.210* 5% 2.225 2011 54 11.5 2 ' 6% 5.350' 6.00 4.980* SM 2.180 f 2012 5% 12.180-6% 5.695* 6 00 5.315* 5% 2.300 2013 5% 12.880* 64 6.045' 6 00 5.625* 54 2.500 2014 64 20.045' 6 00 6.010* 5% 2.640 2015 6 00 9.515' 5% 21.065 2016 6 00 11.285* 5% 21.235 2017 5% 34.580 2018 i \\ 2019 2020 2021 2022 Total Outstanding 10.120 50.265 6.455 97.385 107.135 204.370 114.580 Bonds Redeemed to 6 30-83 5.180 1.335 5.595 2.615 1.865 10.780 420 Ong:nal issue 15.300 51.600 12.050 100.000 109,000 215.150 115.000

• Term Bonds
  • The Subtotal of Pnonty Obhgations and Expansion Bonds (See Financd Statements. Page 3) includes $629.840 for the AB Loan which is not included in this schedule.

Bonds issued in 1949.1971,1976.1981 ($100.000.000 of the 1981 C issue), and 1982 ($127.000.000 cf the 1982 A issue) have been advanced refunded and are no longer a liability

f OTSTANDING On Thousands) 1973 issue 1974 issue 1977 Refunding issue 1977 issue 1978lasse 1979A issue 1980A Issue 1981A issue Rate Amt. Int. Rate Amt, int Rate Amt. Int Rate Amt. Int. Rate Amt. Int. Rate Amt. Int. Rate Amt. Int. Rate Amt 970 6 00 980 4 30 2.595 4.10 410 4 40 895 5 40 575 8 60 145 1.025 6 00 1.035 4 45 2.710 4.20 435 4W 780 5.45 955 8.60 680 1.075 6 00 1.105 4 60 2.835 4.30 445 4 60 970 5.% 985 8 70 740 7% 555 1.130 6 00 1.170 4% 2.975 4 40 470 4.70 1.015 SW 1.025 8 80 800 7.65 615 1.185 6 00 1.250 4 90 3.120 4% 490 4 80 1,070 5 55 1.065 8 90 875 7 80 680 ) 1.250 6 00 1.325 5.00 3.280 4 60 515 4.90 1.125 5 60 1.105 9.00 950 8.00 760 1.315 6 10 1.405 5.10 3.450 4 70 540 5 00 1.200 5.70 1.150 9 10 1.035 8.15 845 1.380 5 20 1.505 5.20 3.620 4 80 570 5 05 1,155 5% 1.195 9 20 1.130 8.30 940 1.455 6% 1.590 5 30 3.830 4 90 590 5.10 1.220 5.85 1.240 9% 1.235 8.45 1.050 1.530 6.30 1.695 5.40 4,035 5.00 625 5.15 1.285 5.90 1.300 9 30 1.350 8.60 1.165 5 1.615 6 30 1.795 5% 4.260 5.10 660 5 20 1.355 5 95 1.330 9 40 1.475 8% 1.295 1.700* 6 40 1.910 5 60 4.480 5 20 720 5% 1.440 6 00 1.425 9 45 1.615 8 90 1.435 1.795* 6.40 2.035 5 65 4.710 5.30 785 5.30 1.515 6 05 1.490 9% 1.765 9.00 1.600 1.900* 6 40 2.155 5.70 4.995 5 40 830 5 35 1.585 6.10 1.565 9 80 1.9,50' 9.15 1.775 2.010' 6% 2.295 5.70 5.265 5 45 890 5.40 1.670 6.20 1.645 9 80 2.120' 9.30 1.970 2.125' 6% 2,435 57, 5.590* 5% 935 5 40 1,760 6.30 1.725 9 80 2,330' 9% 2,190 2.245' 6% 2.590 57, 5.915' 5% 1.005 5 70 1,850' 6 35 1.815 9 80 2.560-9% 2.430 2.375* 6% 2.750* 51 6.275* 5.55 1.065 5 70 1.940' 6 40 1.915 9 80 2.810' 9% 2.700 2.510* 6% 2.920' 59 6.665* 5 60 1.130 5.70 2.045' 6 45 2.025 9 80 3.085* 9% 2.995 2.655' 64 3.110' 5'/. 7.050' 5.60 1.220 5.70 2.145' 6% 2.135 9 80 3.385* 9% 8.000 2.810* 6% 3.295* 6.00 7.490* 5% 1,295* 5.70 2.260* 6% 2.260 10'/. 3.720* 2 970* 6% 3.505* 6 00 7.950* 5% 1.380* 5 70 2.380* 6% 2.390* 10'/. 4.095* 3.140* 6% 3.730' 6 00 8,450' 54 1.460* 5.70 2,500* 6% 2.540* 10'/. 4.510* 3.325* 6% 3,950' 6 00 8.970* 5% 1.570* 5.70 2.630* 64 2.695* 10'/. 4.%5* 3.515' 6% 4.205* 6 00 9.400* 54 1.795* 5.70 7.385* 64 2.865* 10% 5.470* 3.715* 6% 4.470* 6 00 9,950* 5% 1.945' 5.70 7.845* 64 3.010* 10 % 6.025* 3 930' 6% 4.745* 6 00 10,565* 5% 2.080* 5% 8.330* 6% 3,160* 10 % 6,635' 4.155* 6% 5.045' 6.00 11.210' 5% 2.225' 5% 8,845' 6% 3.335* 10'/. 7.305* 11.520' 6% 5 350* 6 00 4.980* SM 2,180* 5% 9.390* 6% 3.525* 10% 1,300 12.180* 6% 5.695* 6 00 5.315' 5% 2,300* 5% 9.980* 6% 3.720* 10% 1,430 12 830' 6% 6.045' 6.00 5.625* 5% 2.500* 5% 10.590* 6% 3.925* 10% 1.580 6% 20.045* 6.00 6.010' 5% 2.640* 5% 11.250* 6% 4.140* 10% 1.745 6.00 9.515* SM 21.065* 5% 11,950* 6% 4.370* 10% 1,920, 6.00 11.285* 5% 21.235' 5% 12.555' 6% 4.610* 10% 2,120 5% 34.580* 5% 13,190* 6% 4.870* 10% 2.330 ft 5% 50.600* 6% 5.135* 10% 2.575 6 6% 25.550-10% 3.50010 10% 23.500 h ?? ~ 3' :% 97.385 107.135 l04.370 114.580 199.700 109.795 74.740 75.000 6 N.f4 'NN 2.615 1.865 10.780 420 300 205 260 0 l@ 100.000 109.000 215.150 115.000 200.000 1 t0.000 75.000 75.000 .gj includes $629840 for the AB Loan which is not included in this schedule. 10.000 of the 1982 A issue) have been advanced refunded and are no longer a liability of Santee Cooper. .m

19818 Issue 1981C lssue 1982A issue 1982B lssue 1982 Refunding issue Total Accruing Total Principal Interest Debt it. Rate Amt. Int. Rate Amt. Int. Rate Amt, int, Rate Amt. Int, Rate Amt. Maturities Service 7795 155,528 163,323 9060 149,138 158,198 10.500 148.679 159,179 10W 710 9W 1,375 9W 565 13,720 148,125 161,845 10% 785 10 00 1,465 10.00 655 7% 435 15,025 147,273 162,298 11.00 865 IOW 1,595 10% 740 7% 470 16,015 146,308 162,323 11 % 965 11.00 1,735 10% 835 7% 505 17.095 145,247 162,342 11 % 1,070 11W 1,905 10% 940 8.00 545 18.275 144,085 162,360 11 % 1,185 11 % 2,105 11.00 1,060 8.20 585 19,535 142,840 162,375 12.00 1,315 12.00 2.335 11 % 1,195 8.40 635 20,P?S 141,472 162,397 12 % 1,470 12.30 2,590 11.60 1,345 8.60 690 22.450 139,964 162,414 12W 1,635 12.60 2,895 11 90 1,515 8% 750 24,125 138,303 162,428 .00 3,090 13 % 1,875* 12.10 1,815 9% 815* 26.010 136,431 162.441 .10 4,000 13% 1,530* 12.20 2,040 9% 890* 28.040 134,412 162.452 .20 4,220 13% 1,925* 12.30 2,295 9% 975* 30,255 132.208 162,463 0.30 4.590 13 % 2.250* 12 % 85* 9% 1070* 30,190 129.788 159,978. p.40 5.090 13 % 2,545* 12 % 95* 9% 1165* 32.550 127,427 159.977 Q% 12,010 9% 1275* 38,510 124.847 163,357 13 % 9.875* 12 % 100* 9% 1,395* 38,290 121,685 159,975 13 % 5.265* 12 % 1,330' 9% 1,525* 41,525 118,450 159.975 13 % 14,735* 12 % 1,530' 9.60 1,670* 44.935 115.044 159.979 12 % 17,320' 9.60 3,000* 49,035 110,943 159.978 12 % 19,540' 9.60 3.275* 53,375 106,606 159.981 13.00 915' 9.60 3,575* 37,015 101,833 138,848 13.00 1,050* 9.60 3.895* 39,580 99,269 138,849 13.00 1.200* 9 60 4.250' 42,410 96,437 138,847 13.00 1,375* 9.60 4.640* 45,460 93,388 138.848 13 00 1.570* 9.60 5,070* 48,760 90,090 138,850 h 8.520* 13.00 1.800* 9 60 3,755* 52,320 86,530 138,850 h 9.310* 13.00 2,040* 9.60 4,105" 56,075 82,773 138,848 10.170* 13.00 2,320' 9.70 4.485* 60,120 78,728 138,848 l.00 1,195* 10.00 9,365* 13.00 2.625* 9.70 5,465* 64,480 74,367 138.847 W,00 1,335* 10 00 10.635* 13.00 2.990* 9.70 5,645* 69,425 69.426 138,851 ).00 1,480* 13 00 3,395* 9.70 17,885* 74,565 64,284 138,849 /.00 1.655* 13 00 3.885* 9.70 19.575* 80,085 58,760 138,345 00 1,845* 13.00 4,445* 9.70 21,425' 86,025 52,821 138,846 00 34,905* 13.00 5,095* 9.70 23,445' 92,495 46,354 138,849 - 00 46,585* 13 00 5.830' 9.70 25.815* 101,730 37.113 138.843 50,000* 13.00 6,665* 9.70 56.330* 112.995 25.853 138,848 13 00 62,800* 9 70 62,970* 125,770 14.272 140.042 200.000 50,000 38,000 165,000 294,000 1,796,545 " 4.277,101 6.073.646 0 0 0 0 0 28.555 200.000 50.000 38,000 165,000 294.000 1.825,100 47

ELr1C STAT s7cs Fiscal Year 6/30/83 6/30/82 6rJol81 6/30/80 6/30/79 6/30/78 6/30/77 6/3006 6/30/75 6/30/74 Total Utikty Plant-net including nuclear fuel (at year end) (in thousands of dollars) 1.682.027 1.465.919 1,204,325 950.628 759.839 577.936 437.162 355.971 277.976 223,633 Bonded Indebtedness (at ye:tr end) (in thousands of dollars) 1.796.545 1.735.850 1,261,420 990 100 917,690 810,190 495.190 481.210 383.050 383,905 s Operating Revenues (in thousands of dollars) Residential 28.098 27.121 21,949 17.639 15.255 14,585 10.801 9,109 8.354 4.910 Commercial 28.853 28,145 22.452 18.835 16.822 15.530 12.439 10,738 9.665 5.703 Industrial 124,015 131.189 99.551 40.417 35,131 26.672 21.557 19 357 20.929 11.349 Mihtary 12.893 12,487 9.225 6.954 6.567 6.330 5.049 4.754 4.564 2.834 Municipal 1.029 955 704 587 546 526 422 391 257 217 Wholesale 126,104 105.994 90,971 65.997 59.975 54.101 42.265 36.215 32,038 16.512 Other Electric Uthries" 975 507 1.021 4.220 Miscellaneous 1.716 1,840 1.494 1,364 1,401 1,236 1.219 1,168 (1,516) 1.009 Total 322.708 307,731 246.346 151,793 135.697 118.980 94,727 82.239 75.312 46,754 Operaton & Maintenance Expenses Charged to Operations (in thousands of dollars) 218,976 226.320 187,890 109,997 103.928 88,144 71.904 57.737 59.214 36.861 Payments in Lieu of Taxes Charged to Operations (in thousands of dollars) S81 %5 966 928 726 658 734 550 405 126 Payments to the State Charged to Reinvested Eamings (in thousands of dollars) 1,500 1.400 1.300 1,300 1.200 1.201 1,797 844 764 1,093 Net Operating Revenues Available For Debt Service (in thousands of dollars) 118.230 94.219 66.503 46,732 35,958 33.796 28.091 29.799 19.983 13,604 Renvested Earnings" (in thousands of dollars) 36.161 38.610 21.048 21,406 10,791 5.516 8.978 11,902 8,060 3.704 Debt Service Coverage: Expansion Bonds 1.69 2.18 1.90 2.41 2.12 2.30 3.34 3 25 4 52 12.60 Priority Obligation & Expansion Bonds 1.65 2.07 1.79 2.14 1.88 1.98 2.46 2.45 2.56 2 69 Kilowatthour Sales (in thousands) Residential 559.929 541.522 536.461 472,495 443,186 446.247 403.107 342.232 319,744 287.653 Commercial 595.724 569.474 549,737 511.726 506.243 489.437 449.335 404.501 375.320 333,608 Industnal 3,940.370 4.049.632 3.952,408 1.890,415 1.788.087 1,441,494 1,356.706 1,202,291 1.240.527 1.255.888 Mihtary 373.403 350,127 343.258 306.582 316.537 323.763 302.789 301,172 291,632 284.449 Municipal 20.236 17.841 17,572 17.506 16.966 16.670 15.495 14.381 13.075 10.690 Wholesale 3.422.275 3.351.388 3,470.042 3.099.574 2,881,781 2.843,955 2.576.794 2,220.559 2.018.602 1.795.621 Total 8.911,937 8,879,984 8.869,478 6.298.298 5.952.800 5.561,566 5,104.226 4.485.136 4.259,300 3 % 7,909 Number of Customers (at year end) Residental 50.255 46.310 43.462 40.053 38,058 35.590 32.513 30.738 28.580 26,958 Commercial 10.583 10.129 9.754 9,236 8.859 8.466 8.102 7.558 /.280 7,122 Industrial 25 25 25 24 21 20 19 21 21 20 Miktary 3 3 3 3 3 3 3 3 3 3 Municipal 300 224 216 212 207 197 189 183 163 144 Wholesale 3 3 3 3 3 3 3 3 4 4 Total 61.169 56.694 53,463 49.531 47,151 44,279 40.829 38.506 36.051 34.251 Residential Statstics (average) Kilowatthour Consumption / Customer 11.708 12,093 12.875 12.151 12.097 13.174 12.832 11.551 11.487 11,060 Cents /Kilowatthour 5.02 5 01 4.09 3.73 3.44 3.27 2.68 2.66 2.61 1.71 Generatng Capability (year end) (megawatts) 2.265 1.965 1.%5 1,736 1.456 1.400 1.120 1,120 1.092 792 Power Requirements and Supply (kilowatthours in millions) Generation-Hydro 694 522 414 824 680 702 715 739 784 707 Steam 7,840 8.492 8,620 5.800 5.343 5.238 4.402 3,779 3.012 3.399 Combustion Turbine 18 31 10 6 38 21 2 11 11 Nuclear 494 Total 9.028 9.032 9.065 6.634 6.029 5.978 5,138 4.520 3.807 4.117 Purchases, Net Interchange, Etc. 333 380 371 193 429 95 474 429 882 303 Total 9,361 9.412 9.436 6.827 6.458 6.073 5.612 4.949 4.689 4.420 Calendar Year 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 Terntonal Peak Loads (megawatts) 1.685 1,754 1.554 1.352 1.231 1.161 1.065 943 911 829 ) Denotes Negative { Effective July 1,1977, Interchange sales were reclassified as a credit to purchased power. ' Reinvested eamings referred 10 aboe and in the Financial Statements on pages 41 and 6 reflect revenue available to meet Santee Cooper's Bond Indenture and Resoluton requirements.

W

p 4

e 1W t 49

1 = c-m, ~m [;,, b. ~ e- -m i':j ADVISORY BOARD ~s nr A i Richard W. Riley Governor j .4

1. Travis Medlock Attorney General k

((, .n Grady L Patterson. Ir. State Reasurer i Earle E. Morris. Jr. Comptroller General John T. Campbell Secretary of State STATE OWNERSHIP Santee Cooper is an electric utihty which is owned as an asset by the State of South Carolina. It was established in 1934 as the South Carolina Public Service Authority This ) ownership is unique because the state has no investment in the company but still owns all its properties and assets. l The original financing (1938-1942) was by a loan and grant from the United States through the Public Works Ad-ministration. with subsequent major additions funded partly by camings but primarily by revenue bonds sold to private investors. The South Carolina Public Service Authority was established by Act No. 887 of the Acts i of the General Assembly of South Carolina in 1934 for the purpose of constructing and operating the Santee-Cooper Hydroelectric Project. This in-cluded developing the Cooper. Santee. and Congaree Rivers for interstate and intrastate commerce: the production. distribution. and sale of electric power: the reclamation and drainage of j svampy and flooded land: and the j 1 reforestation of lands around its lakes. Originally known as the SanteeCooper Hydroelectric and Navigation Project. the organization is commonly referred to as Santee Cooper. I l l l l l ' 50 j l i

--y. 1 BOARD'OF DIRECIORS - Robert S. Davis : . Eugene E Oliver . Chairman - BG.' Alderman Businessman mThe R L Bryan Co. - The Alderman AgencyInc. ' Columbia, SC. H.M. Robertson Manning. SC ' l. ' Thomas Grier.

CB. Boyne Robertson of Walterboro gy Prdident. Grier & 'Ca J Eas m.SC

' Spartanburg. SC Marvin M. Thomas g 7g. George W. Jones, Jr. owner. operator Businessman. Georgetown laundry. Inc.

• 'E' **

Vice President of Student Affairs 3 and Dean of Students '

John E. Miles J.1. Washington. til f ' Clemson University Attorney at-law Businessman Clemson. SC Sumter. SC Orangeburg. SC Albert Boyt. Ir. Cr up Manager '. MANAGEMENTJ Dansmission William C Mescher - Robert E. Rainear : David E. Jeffcoat President and Chief Executive Officer. . Vice President' Group Manager

Henry N.' Cyrus -

~ Robert V. 'lhnner

Senior Vice President -

Vice President Robert E Petracca ~ Group Manager l Clarente S. Gramling - Charles H. McGlothlin. Ir. ~ Property & wansportation Systems Senior Vice President General Counsel - Byron C Rodgers . W. Andrew' Burks = ' John E. Bishop. Group Manager - Vic:s President - . Controller - Production Operations - IGenneth} R. Ford ' . H. Roderick Murchison. Ronald H. Holmes - Vice President ' ' Deasurer Manager 2 loe C Norman ; - LP. Dorman industrial Relations Vic2 President ' Corporate Secretary. Jerry L Stafford '

Lucas Padgett -

Denise McWhorter - Director Vicir President : c Assistant Corporate Secretary Corporate Communications 51

y ? '- i . For additional - information contact; 'lerry Stafford or-Dan Coleman - Corporate Communications Santee Cooper One Riverwood Drive-Moncks' Comer - South Carolina .29461 '803/761-4052 53 Le-

4r. d S ^ W 4 ( 4c. i1 E * 'a.=1(', si 4, - i "-[* .. I f- ,x c t ,~,e*~; .s 'e 1, P s 4 4 5 m \\ N" l, t .-F

,k,,,

t s 4 -e4s L M '.F -.4_i s ) ' W l, t '7 I -5 y ( w -i 2 "bw b a m,- b t 4 ,*g'_ 4 4 g 4 7 e T} .W O 5 .k T T'," Y' ~ 1 6 4 L.u e 1 1 1 u E w+- .. *\\. 9 A + s t A 3 ..y3' g T 1 ,) A

• .;. ' ).

7 ^ q y t N .N 4 L n 1 s ( =, t s y 5 t,-

• .I g_,'

, f[ t e t 4 0 h / ?, 7 / 6 Y c-- A =- . ~,

• b

'I I 4 g ~ r 4 7 I.=O f.~ w y +

5- '

2 (' L tej - ^ - 4 -idfs, , i,- *

F 1 (

r q- ',h : w.... i., a w

w, y w.,.; ,e> 's..', ;,.%.% ?;.bHD. dbl ".,*/ s.W6N~.' WAYS.O.U_ b >.WP ? Y2 % L~,e v :n ;,, n

. p. w,. _., v..

, ~,

a. :. ;...

n . 3s. n _. : q. L - .,., ~.,,. ..g, ., c, t s. . 4./.#p /q. ^ " a: g34 ~,. g,6 4 5 " * ~ L. 'r ~ kfh{ M ' A 1.h h,.- S b f $[b k N k) ; s ce-1 M -. l 4' d, $... 4. e.. v,A - '. -w a.1 'u. i - e. y $ y~. f ~ ( '97 h . d ','l 1..#'4I. 5 t -4 .....,5M -. "a6 ' 4.2 3,,'-,;*, *cd.r -w.. - au 4 M, " (' ** [ ? bQy DM *., " Q. 0 .\\ ,.I

• .. [' f. g" h -.-

g, - g',[>* d " '\\ '-i f.,.,x -* =,i2 I k ?- j " t,% A, ,g

• {

,+ . ), t- :.,.s'.'." L,. l'e **..',# <, * '.. _ "',.-'A '. ',).)g* * '<S* '8 g D., t "., .. '.' %.'f5 . d; - j, A- -4 i - h .-h, ,_ y g ".. x,... '.,, ? g. .o . g. ]W.'n <. 'r . 4,x.,. 4, +y .e v & ,w + g , A A, k.$. ,f ?E Y 'J1 - f 'h. f h $,. ~d w. }. h* ' %. [ , n.p/n. ', f_, s.: m.=. c. ~. x L.. x./ > ;.,.,2.4 4 : r a w .n.(t.. o.. v... ;.,w;I " V .a.., v n = %.+ %. T. j g u.,..,.,'"_,3*.g 3- [.y l % .'e.., ]. t,... ,h* f.. ., w a g, +-, p .=g yp, p .J 4 .e- . -, s.., : : * .U y .x - , YA}' $,, G gp. gMD ~ ' - .'l y. .I; [ S,\\' $/. ) 4.hi,[,I I. *..; -, .xh. ), ' i.',, - _, 7,.. <2 h. c ' N/ [' c[ b f*('[k',b. ,Y. r.t. -.- [.. _, y,. y:. g r.- ?.,, ' ' '. y[.. ' d +g+ ,.h.

• " [f

_,[.

- ) .. I W u?

• e 4

g

,1.. . ~ - 5v - ..%,.., *L g1 .>uw s : .Y pt l..s. .~3 h =-; s. ,1. h [, * 'e j-, {,. ".5: ..: h f.j. Y J + ,,- j.' %,l. l ' ih.Q ' 8 , - f 1 ) V 4^ l. f v .b6 > bM

• b-

.: y... GeJ~ Y * * ** *% / Sf' ' *.'.,,, M.s ~~ .J %, ' ' '.d' > #.,. ; @..,.i. -V W f.,57', 't 4..,,. 4 '!v w '4. g*'.'y... ' "."O b.,.. I ,4j 'sW O., iaTl), A.d.., l.: .'pr# gb,. Jg,,,, 7.. j- - d. l: Sh.. r '3.i. ' F.' i 5 / e. f 'i.. r s 4 4.. f C '. *b .r. y, a g i y. ..g

g.

n. .e , o;s : a fd - Ay 7 g. > t,' - 4, ~,g -p. f,n .-op y...,.;,, tg x,,. ~A. h ?:_. "? eN., Ns e i~ _ f l hW -..,.t' l - ;. ; '" y k, : s q.,.~ ; -, Y' i -,-

.t'.,g.

'..y., 4. .f , f j,. y*,' y fq.,;,?, ..xh. ~. y - }.h*"r.. e y, <{.4 '%. q't* - y 3,e g,:. - - l e ;;. T *-m.. e n'1'P a y' i-Q - % I, f g j, f M ,, ;4 'j..7..'*-p .. s 3 - (.

• g

.,if.,* ' v.1. -., -; .g. v' N.;y r?g y. %F ' ' p.# e S

i. '. t!n s

c y - 7 .'.h. .&.. * '. : AQ i,.. r.* t.t,% - s *: + ,e 4 Vf /**'.','.3 -.b',u.... <>

• 1)2.

-lv lv - - i

h. a 4.;w'.;j,

.%. f... ' T j y n -~ y- - v.a.' ,y -.4 ,m &v . h %-q .,+:.

a

.z rp-,. - .p +.. = - ;, - ?. - g, <. -g .c V,. ..;- l i.. w 3-. a.s y - .4'~- z.4#-.,',/g a 9J v. W. -ir + c-.

, ; _ -: % 6.

, m. +y , v, ,. 1 + . %.. ; r "...,.., -4. x.,... .t

.-r

., k,.;.c - ~,, .."4 ). 4.r -.'.y ; ~;- 4: _ q*: ' ;p,( .a. .... ~ - o.- . e r.. g.. 4..,, e .- 1,es,. m.. A '..;. y,;. *.1 &,.r.3 e ..-u m, g._,.- - y

p., r,. '. 7.,g, g,. 7 A.

m... eg n.

1 .g

e. :-~

y.. y8 * * " * *. - Q' .... q *..... ,.,. _ w 4: v.;f +, - w-e e. 1 D. f. '.,,y. ~ '.. _ N

v. i

'-l '.',,.'n.', ,; - -., f, 5 -.,,'- ',;, ...f.. 1., *:, ' t J.f', g M,> .. : -+ ',, .t., ......- ?; ni'i .g ,.'i" - W Q:$&q. .,.}'.t.

• • m 4

4' .n m -y'. i ,p . ~,- s s m ,,. m. %. -. '...- ;g 7 q., e ..,7,p,4+ u,

n. - n.-.

n ,.,4..,, p.s(+. .c - m. ". _ >y, .? -. P- 'n -2. v..g., m.

• ';.- em :. +

-r,O .a y, p....A. - :,7 :...s - e,. ',. < g.. - 9...,-..7'w. n,, o;- f' ,k.. .q' r .,. ; 4 ;

,, es

+ a %.[ a -s ' g. - p -- -j V ... e,h., <. _ ->. - Q.; ', '. y%. ' s .r. - ' % s %,a, Q.., n;. 4.. -. ? \\ >. -. %'., g t %j. q.- t , 9 2.m-5 *e.. 3 '...c., -". ' ..~w. a

+4 f,

?, f.pi.* ;.,p:.- E.m, '..... A g.3, ,,,- ^ t 6 9%< L.

..<. y*n

+%e ... ~,. ; g., <. r 4 4. xs (, .,.. sp ).;,..-.-' c.- g., 2 e -.y g. j, +,. g. Q,' ,t g g.. v. - y 4.,, g j. , t. P/. f y.. [ k... .u.,. .. t. .m t.*,. ./- y ^ y. ,v.. e*- y p s y y ^

• 7 '..,

A i' E %. A. l:p' '- - h. '," t, -'Y fJ,. - .p fJ \\

• 4-

- p 4 d ,.,,6f 4 pf h. ,"i > ?', ' h.. ?, T e

'-( V?

=y i,..,. ' -N .h ^ - ; v. 's.. . l; gh) Q f~tj, M ;k,# t.. w.... y?.t 4,' ^. c i e' '4..p. at gu. ..,%'..a.,A.',

• ai.~

,k ,. n.:... n .. &L: ..+ ya 6 4 c. ,z* t '.cs 3' m '?? ? 5 4, :. '+ - '. sR' y._ y.,e.a. g  :',,., :.. c o,. -. an, :y" a ; +. n,. a. '.: 'l ~ sw w.. ~, a, ( =. e. ; n'. ,.;, ' _ 'p. i'i T e % p.. p -n %,m;,..%y? e.,;, v y;s-q., ~.,. u n,-

z.

U. . e.x " ;.,,., Ig',.....

. s

m. W 7 N "., y

. m _.3:, e. h,.. - Qa \\'..

^* '-

6 '.3 -. /.: s...-.. e 4 -- ,p., t.h'v e x>- .'....4,,.o u 4, t- - - ' %,., f.,',*t..- 9 g-g'.* t - ~ at i }- le... - x' w - '. k. s, ..g ,-4 m. %. u p 4 . - p - ,.c...~A+... 4 + syn ~: m, ~ ??- s +..z.>. ; - f,. e- -,p v,c. g -.: ,ngr , t - i-4 4 ..- c .u - ~ :.f.- -,-..- m' -+%- at r L + n; .. ;/* A. /%s- :.%p 4 :*, b-jp i~,..., 'i pq. s g_ a p - ,prg. j1.;, a.. h r...

s. y. i..'4

,.w,.-I. .;9..' v%.,. r.y.4, ?. 4, 6 ,e y s, > ;.,,,. n a.,.. s, -. 4. v s- , + e,-,w g. a - % -,e 73 .M~,.a. .[. < - + . s. f;.- c ' \\. y.gl ' 3 b. '. 7.[- [~ ~g. D,q, e > :.b,. e:. g,~2;',,M., N. n.{. y ?, *,"+j gg. 4, j,- [ %}.' u" '.i ] '/.J .. + .3 f' .-i.p.; 4.. g-m., e,... R ,1

x..,. o - r... -

m.

a x ^. J_ a 4. ,a-e,. p,,- / >: e a f,.,., p l. e,n.y2 4.;.L,-., -.g - ..,,=v.*

'r. ' yy'

'y _,, '?.. e. . y ws - s ., i 5 r,_ g 9' '...:-. '.. l L. .. ; s. _il ' ^., ? ' ; ;c < *in, \\.y. r. ..n A*<)' ~. :..<-Y f'c -- kyb ; g.-- s.4 -,, ' ' y r NW..: ? ~: m,. '.wQa.' r m/ #'..'. C M~ F C ; z':.->

%.? 4

[ d)< ;W 4 ,w.> -. -- o 4 , s. Je. f: b - T.- y4.. ~- ' t n..+-.";,++- av. ' h. e.. te.. -., -m p.,,q. % J hr,. - '..:-w..r+ > (;.t.. ' 3 ;... _ s %g' O. w x* w - g.% _ + !'.' 'gg g.- %r':%..-.,[.' ,._ 3g g. ,. g J .,- 1 -- .v'. ..r-% .y ', c,Y..j.-t ..~. i . s.. .'.i n. v e . ;- ~-

• .'e.

^ 2 .8, '. - x P =. -,. - s ,v ~... .1 A' c y... ' '.. .".."....y 'e** . ' -- %.',f - i .p, , y,.; ,,W

.;, 4 e

g v p .r, e ^<.-- e t ,4, s y sf*.W..,.,.,'..?m.- .f.,- .v,,=,.., g4 a.,.a: .,t< + ,. r y

g.. - c :.

' "- pw. g;t --' n 3 p . + ,$ WJ, s,y.y;Q. -..,".,,,...> s t .y... .? g (- a 4 4. ., m. n'4' #. < 5, l ?. "*t i - < s e .'"*4 .V i.. ' b.O*b.. . ;.,,. (: -,',c.,',.X** b. 4j ~,~ P *'- sk,%;%'% A'. ' *y%* f w- ~~ .t. - ',: -. ; p,~,, "/ *.,. y ? y', A...49.y,-. %, - h= i; x.'y.. t /q. ( 'q e.g. 4 g .M'. ..f 2 fc3-v? .? '.a. -y .c 3 :e p.ty y, c,.% o. ,,e w. s. r t._; '-W. 1;n.- i,i, y s.& ,,:. h,,_,i. ...,t ..,..-,+ p.k' , Lf.,J : e Jq: p,p'.y, p) k:,, g 9. . s, .c w,,: - g.=. ~9 : -., - ^. - n],, <.. - n n,. 2,,.-m..'.-'; y s-s, sz v.:. r y.- %y w . <.,,,.,-: :n ~,g a w s.y. g . y.,. ; g ;.r,- m ' y. w ..y., p,3, y,m.

• ., *.., ;.,. M. gly.

9", c. ,w , y :, q.~;.3 7 ,t i > - vet- : .e f 1. 2 -,1'M * ;w.. e *.. :n ._7 (- , ' ut; [gM 4.s_, 5. / b- - g.1 f.? .+ ee - + -. .m 'w 3 Jp% - f..-j,g f.- 'V ; g - 6-* [, 1 c;. #,,. _7l *,,.k.v,* - 1 t > i i.% iQ *

• 4,,,;... ",j ',,,..:'. '

, '; p. ., f ,W 4 - - p*(1. %'s p! 4 M...- * - ..,4": + 7 ' '; %r,,, ; gi' y 4 +. (-. ...&.[ 'a= 4.6. ' ta..., 5.w..,@ e, %... ? 'i,X'.g ..i,. m, 7.*Q.g f..'..,, .;*.,.,9 5 8'e y -'i t,._ 'gs s.

• .)

y ) ' 'k.; i' " ', .y.,,.'.,-*g' .N.y ? N:, g

• y
• ' y*2/,, ' *-

,' 6-%<4,.., *;',M . P (.-lp, *.

• '[!

[ 2 W 1 .1 r s w. .f K t i-4' 3 - '. ' r; sig $;, a 4,-'#f Q, . i* ... j i ( ^ p. * * ;,. f [ ' c [ *'.."....* }.', d g . +. 4 a,* c, y, :..

f 1

, - e. '."; $,. ',, $ 4,3 >3 s n x . J' 4 ',.j y D.,., p k d[ 3.N ' - )s y 4 q k~. 4 4.,.,' F g. t;k "' - (,,# ' ,'i {. '.e:+,' .( .- p ,.;y, t. R...-'A *;4' : t s' p,g s,.y + - -,',., g.a v,p 3 y 3' a- ',9: .. a - . : -j - q.. ;..w. g j -,;. g,. ~.. s -'. sy.*&~j. f, -r e,..: _M.,,.. +- -j.6s... n. ','.,v.*.

.e.A,..,

,y .,i. g.,,.-,.g_,.; %, 1 c > ". I. u.- 4,,-f,:, #.r.... #ges,p , q y, ,u [ -y rg y (i 4 .3 ..- ij .. W Jew,- ac .#i i., y; ,, y,,..

9. '

q g.q g., f. .e .x 3

• y y

i -,, L.~ 4, *.' y a

• m.a,.,m -

a y u.'.4'..... ..s ,.g.s.

,..,# - :f y

= t e i- %.; c 6 3 m ,'; 4,,-. .y. "..-...4 g

ln %s..

-'e a, - .s .~ ,.:r,, t- <u. ..,1 gs*1 ... gy : y g. .o,, 't . f *f 4 '( p.#. . + .,6 y v -*,,. > n '4 -.a,,. .t...4 ,.j. v_ e,. ,,, +%,),.g,ri d ;" J, y y ,. * ~ 5 y. p. e t 4 , v,. %.. N, s +..f. s '. t v #,,..,. {,',,A-,. ; d

w.. N p

N p_ .rt _ ' w;, g q....a, ,,.-g, p g +

. ~ y,s

,-w ,.L., e . ~ _., s g. ., _.. q 4 <m,. 7' c ' s..,.., - ; - e -:e..,.. r1; 4- . v, s,. r% w..=. o' g,g;,... a n, n ., y;, f. y.,.. g g,, +-

9.. a.

2.o,..,e t .e.,,5, m 2 3 4..*.

g..

>u. n.. n..7..p%. m.w..' '.. e w e 4 .x w .. 3 %.c,, g,, <.. r. s,...,., a.> 4.,$., ; ..z 1_ s...' y i.. ;.- - w ,w = ~ s,,

v... :

r,; t.,.= s. o-e,. <.. v. 9- . 4.L;,t, s l l Q:{&,3 ...,,.,.. y,s r.

y..

r ,., :; > 4. v.e, . --l T,.f-E.." f. %'W, gn. :f :&..,f:.'N - Y.,'.E ,n or x .c ,...n 's [.Y,T'~ [?.l.'4 g ; ;n. y m,. w.h.s-)i f [ ?.>;. l, h Q..:.h.,% n n - aug.>.. ,z .? w. t r .V ~ . Rh .i ' p. c e T, w w.# 2 m " t m Q[.&.,1.%i,4)M$r@:0 *# ' R h e i s' M 6+ - 4 , P-@M.h.'fV,n 3 +$a? m +r, M < * ~ - v. w r W.. e. - e :; c t.5,z

.'9...;,. g s.y.:#.a,-

-..'z' s. p a, >, / t. e.- i, s. "y, ..q% ; + n m t, ;+. + :t. g., l, c,... 3; p.. r ~+ y .. - -.) - ~ es n. 3 ,g ' - " " ? M.a. ..v s .1 r- ..~^# 4,,,',. T ' U. V- $ t, 1 i' : - c- = . %.: s. ;,; $ r. t ;.A s ' L.'. ' '+', M.,;. v.. : '.W .; p . ;* *. n., 7./. : %.;i,.sr y< w=*k i ;.. -g.*.4 ,f. i s g a .r.c

• M '.... J. 9 >m[..,.

s .. y < ;, y s - .~ o . es , i,,g. r. -p. 9 g s., e.. = o v.L 3 &g Y: y. T;Ly<:p,.9 :. y u 3 q.y f Q;O 1'.,:.'p:,Q i.; 4.'.# &,f f.3e-..9 % g.M %;y 4.;'q c,f'y. f,,.,. 4..:.'.'.; ;; ', q '..* .f. 9u. 2 '-< ) l lt

f. :.,, -

= w*c 5 . J. j,j j,.,..., .,,,y.,: 13. - & Yt 7.s., b./ 4Q.. - y [, '.h ( g, '.=,., r[- ( -ep. g i. s, y.3 *[*-/ f,a.637. ? > 3 ' fg y s . ( } f s - gd j %.h ;.,%,c..~.' -l, y+ P-(. ;s,.. _yt ;- 4,t ' ; .m n..?. '.,,I4,t. yN .c :- t a t.. p- .:..;. g; 4 ' - .j J i.- -1 .gg. u '.)u. '. c d.

• r.. *- g -, --.td. g' + 4 %.. s

&s, -.,. -. ^p, +' - p. +y..t....4. k"1 . t ..'.y, p; - ',t. x'e_ rT,

• c j' rE g,

%s a g *- 9 c,,., 1..w' 3 . r 4* ',. ' ? git-g'.., ,. ~. - + '-.. r '6.y,,,,, e ? 4 - n. ' t *s., f. .,e' v -%. ',4 ,',M.. G , j 7.J N 1. ~ 's 4, 7r .MJ '?'--.. "4,I g ' D ' " T[. 'M.' i *i- - 7' 'p.#,8 '-iW. '.,.; r " _ * **.,['e, 4. ,1......'y.* 't, ir" y * "y r ( ,.-.,,.gc,,M= .',,. A. 5,.-Q.,. 1= % y .= e p.. . i ' .1" ' ' ,e.- s,.,a g4 7 +,, .e, f .q ,.,l ' A J, .ii,*, ek 2*.. ,ge i,. s. e t. ? ','

e. S$y %..u%'

,,, g..,

v. g c 3

. i %.* i

?XANC A:m S'X'EM EN'B k$$$r SOUTH CAROLINA PUBLIC SERVICE AUTHORITY Fiscal Year 1983 l l 1 t l l l l -- -,,.. - l

REPORT OF INDEPENDENTCERTIFIED PUBLIC ACCOUNTANTS The Advisory Board and Board of Directors South Carolina Public Service Authority Columbia. South Carolina We have examined the balance sheets of the South Carolina Public Service Authority at June 30.1983 and 1982, and the related statements of reinvested eamings, accumulated eamings reinvested in the business. and changes in financial position for the years then ended. Our examinations were made in accordance with generally accepted auditing standards and. accordingly in-cluded such tests of the accounting records and such other auditing pro-cedures as we considered necessary in the circumstances. In our opinion. the above-mentioned financial statements present fairly the financial position of the South Carolina Public Service Authority 't June 30. 1983 and 1982. and the results of its operations and the changes in its finan-cial position for the years then ended. in conformity with generally accepted accounting principles applied on a con-sistent basis. ? 5 Los a Coopers & Lybrand Columbia. South Carolina August 26.1983

3A;mANCE S-:EYB SOUTH CAROLINA PUBLIC SERVICE AUTHORITY lune 30.1983 and 1982 c Assets 1983 1982 Utility Plant - At Cost (Notes I and 3): Electric plant in service $1,378,389,661 $ 881.738.742 Construction work in progress 468.980.471 717,935.571 Tbtal 1,847,370,132 1.599.674.313 Less accumulated depreciation 186,827,617 155.251.632 Electnc plant - net 1,660,542,515 1.444.422.681 Nuclear fuel-net (Note 3) 21.484,293 21.496.546 Utility plant - net I,682,026,808 1.465.919.227 Other Physical Property (Net of Accumulated Depreciation) 421,309 431.860 Unexpended Funds from Sale of Electric System Expansion Revenue Bonds (Note 2) 106,558,891 180.207.240 Debt Service and Other Special Funds (Note 2) 392,799,565 483.881.680 Current Assets: Cash and securities: Held by trustee 13,834,466 11.587,386 Other 6,780,569 473.221 Accounts receivable less an a!!owance for doubtful accounts. $4.350.407 and $4.201.872 at June 30.1983 and 1982, respectively 31,269,376 27.862.653 Accrued interest receivable 2,563,924 2.906.953 Inventories at average cost: Fuel (coal and oil) 47,058,126 39.112.475 Materials and supplies 4.271,373 4.068.012 Prepaid expenses 1,389,603 1.127.677 Tbtal current assets 107,167,437 87.138.377 Deferred Debits: Unamortized debt expense (Note 1) 24,255,948 23.548.387 Unamortized loss on reacquired debt (Note 1) 71,439,166 9.220.762 Other 1,305,168 1.412.635 'Ibtal deferred debits 97,000,282 34.181.784 Tbtal $2,385,974,292 $2.2 51.760.168 The trcompanying notes are an integral part of the finanaal statements

3 Uabilities 1983 1982 I.ong-Term Debt (Note 4): Priority obligations $ 67.469,840 $ 69.063.527 Electric System Expansion Revenue Bonds 1,729.705,000 1.667.835.000 Subtotal 1,797,174,840 1.736.898.527 Electric Revenue Notes 135,000,000 125.000.000 Capitalized lease obligations 82,467,110 85.609.546 Other 75,000 150.000 Total long-term debt 2,014,716,950 1.947.658.073 Less: Reacquired debt 500,000 660.000 Unamortized debt discount and premium - net 24,780,255 26.876.298 1.ong-term debt - net 1,989,436,695 1.920.121,775 Accrued Interest on long-Term Debt 83,331,019 72.499.660 Construction Fund Wabilities-Accounts Payable 22.223,134 21,423.149 Other Non<urrent Uabilities 702.497 304.359 i Current Uabilities: Commercial paper (Note 5) 15,000,000 Accounts payable 18,810,459 18.343.881 Customer deposits 2.588,239 2.484.948 Accrued sums in lieu of taxes 557,777 408.208 Other 1,262,196 185.697 36tal current liabilities 38,218,671 21.422.734 Commitments and Contingencies (Note 7) Deferred Credits: Unamortized gain on reacquired debt (Note 1) 757,460 1.078.851 Nuclear fuel settlement (Note 3) 14,078,208 12.343.731 l l 'Ibtal deferred credits 14,835,668 13.422.582 l Capital Contributions - U.S Government Grants 34,438,264 34,438.264 Accumulated Earnings Reinvested in the Bustaess 202,788,344 168.127.645 36tal $2,385,974,292 $2.2 51,760.168 1

4 SK'EV EN'E O:? Accuvu mK'E J 3ARN NGS R E WESTE] IN ' E 30 S X;ESS l SOUTH CAROLINA PUBLIC SERVICE AUTHORITY Years Ended June 30.1983 and 1982 1983 1982 Accumulated eamings reinvested in the business-beginning of year $168.127,645 $130.917.600 Reinvested eamings for the year 36.160,699 38.610.051 Total 204.288,344 169,527.651 Distnbution to the State of South Carolina (See note below) 1,500,000 1.400.006 Accumulated eamings reinvested in the business - end of year $202.788,344 $168.127.645 Note: The distribution to the State of South Carolina is determined utilizing a calculation formula required under the Bond indenture which is based essential-ly on operating cash flow and mandatory reserve requirements. Such calculation varies substantially from reinvested eamings for the year which includes among other things. interest income eamed on restricted funds and an allowance for funds used j during construction. l l l The accompanying nues are an integral part of the finance! statements

5 S"K'E;v:EN"S 0 ' R;E;;NVES"ED 3ARN NGS SOUTH CAROLINA PUBLIC SERVICE AUTHORITY Years Ended June 30.1983 and 1982 1983 1982 Operating Revenues: Sales of electricity $320,992,679 $305.891,111 Other operating revenues 1,715,639 1.840.014 Tbtal operating revenues 322,708.318 307.731.125 Operating Expenses: Operation expense: Production 171,523,177 172.205.118 Purchased and interchanged power - net I.331,726 9.259.015 Transmission 1,507,606 1.798.806 Distnbution 1,305,113 1.059.489 Customer accounts 2,170,201 5,763.477 Sales 103,125 85,928 Administrative and general 14,662,640 11,744,316 Maintenance expense 26,372,895 24.403.893 lbtal operation and maintenance expense 218,976,483 226.320.042 Depreciation 32.906.088 26.535.302 Sums in lieu of taxes 980,744 564.554 lbtal operating expenses 252,863,315 253.419.898 Operating Income 69,845,003 54.311,227 Other Income: Interest income: Other funds !4.688,623 12.955.699 Borrowed funds 55,102,408 47.588.457 Allowance for funds used during construction - other than borrowed funds (Note 1) 2,094,489 591.264 Other - net 371,032 21.296 Tbtal other income 72,256,552 61.156.716 Tbtal 142,101,555 115.467.943 Interest Charges: Interest on long-term debt 162,553,055 123.563.330 Allowance for funds t. sed during construction - borrowed funds (Note 1) (59,348.469) (48.595.856) O&er 2,736,270 1.890.418 16tal interest charges 105.940,856 76.857.892 Reinvested Earnings S 36,160,699 S 38.610.051 The trcompanying notes are an integral part of the financial statements

6 STK EMENT O:' C-:ANGES X ? XANC;Ai 3OS":ON SOUTH CAROLINA PUBLIC SERVICE AUTHORITY Years Ended June 30.1983 and 1982 l 1983 1982 1 Funds Provided By: Operations: Reinvested eamings S 36.160,699 $ 38.610.051 Charges (credits) to reirwested eamings not providing or requiring funds: Depreciation 32,906,088 26.535.302 Allowances for funds used during construction (61,442,958) (49.187.120) Amortization of debt discount and expense 2,331,503 1.691.677 Amortization of gain or loss on reacquired debt - net 48,085 (8.709) Tbtal from operations 10,003,417 17.641.201 Sale of bonds / notes 354,000,000 530.000.000 Decrease in unexpended funds from sale of Electric System Expansion Revenue Bonds 73,648,349 Decrease in debt service and other special funds 91,082.115 Increase in accrued interest on long-term debt 10,831,359 35.967.978 Increase in construction fund liabilities 799,985 4.244.664 Nuclear fuel settlement 1,734,477 1,797.596 Other 665,605 (914.925) 'Ibtal fuads provided 542,765,307 588.736.514 Funds Applied To: Increase in utility plant 187,560,160 238.927.360 Retirement of long-term debt 283,798.687 56.055.816 increase in unexpended funds from sale of Electric System Expansion Revenue Bonds 22.650.992 increase in debt service and other special funds 236.522.448 Principal payments - capitalized lease obligations 3,142,436 2.320.990 Distributions to the State of South Carolina 1,500,000 1.400.006 Additions to unamortized debt discount and expense 943,021 19,410.678 Addition to unamortized loss on reacquired debt 62,587,880 Tbtal funds applied 539,532,184 577,288.290 increase in Working Capital S 3,233,123 S 11.448.224 Increase (Decrease)in Working Capital by Component: Cash and securities S 8.554,428 (1.384.833) Accounts receivable. less allowance for doubtful accounts 3,406,723 (2.082.623) Accrued interest receivable (343.029) 1.368.409 Ireentories 8.149,012 7.521.637 Other current assets 261,926 528.059 Accounts payable (466,578) 5.265.375 Customer deposits (ibl.MI) 130.017 Accrued sums in lieu of taxes (149,569) 45.754 Commercial paper (15,000,000) Other current liabihties (I,076,499) 56.429 increase in working capital S 3.233,123 S 11.448.224 Th accompanying notes are an integral part of the financial statements

7 L"C E S 'O ? N A NC;Ai S" ATE VEN"S June 30.1983 tifiable borrowings. and AFUDC on specific construction Note 1 - Summary of Significant projects is calculated using the effective interest rates of Accounting policies: the respective borrowings. compounded annually AFUDC for other funds utilized is calculated based on the A - System of Accounts - The accounting records of Authority's average rate of retum for the last three years. the Authority are maintained substantially in accordance G - Amortization - Unamortized debt discount. with the Uniform System of Accounts prescribed by the premium. and expense are being amortized to income Federal Energy Regulatory Commission (FERC). See Note over the terms of the related debt issues. Unamortized F blow relating to calculation of allowance for funds gains or losses on reacquired debt are amortized to in-used during construction. come as impacted through the rate-making process. B - Utility Plant Capitalization and Maintenance - Ad-generally oser the terms of the refunding debt issues. ditions to plant are recorded at cost. which includes material. labor, overhead. and an allowance for funds used during construction. The costs of repairs and minor Note 2 - Unexpended Funds from Sale of repicements are charged to appropriate operating ex, Expansion Bonds, Debt Service, and Other pense and clearing accounts. The costs of renewals and Special Funds: htterments are capitalized. The original cost of utility Unexpended funds from the sale of expansion bonds. plant retired and the cost of removal less salvage are debt service funds and other special funds are held and charged to accumulated depreciation. maintained by trustees and their use restricted in accor-C - Depreciation - Depreciation is provided on a dance with applicable provisions of various trust inden-straight line basis over the estimated useful lives of the tures. bond resolutions. lease agreements and the En-various classes of the plant. Annual depreciation provi' abling Act included in the South Carolina law. Such funds sions. expressed as a percent of average depreciable utili-consist principally of investments in govemment securities ty plant in service. were approximately 3.28% and 3.30% carried at amortized cost. for 1983 and 1982. respectively. D - Operating Revenues and Energy Costs - Revenues Note 3 - Summer Nuclear Station: from sale of electric energy. including amounts resulting from application of fuel adjustment clauses. are recorded The Authority and South Carolina Electric and Gas as meters are read. Fuel costs are reflected in operating ISCESG) are parties to a joint ownership agreement pro-expsises as consumed. viding that the Authority and SCE6G shall own the Sum-E - 14nsion Costs - Employees of the Authority are mer Nuclear Station as tenants in common with undivid-covered by a State Fension Plan administered by the ed interest of 33M% and 66M%. respectively. SCE6G. as South Carolina State Retirement System which provides agent for itself and the Authority. is solely responsible for for employee and Authority contributions. Contribution the design construction. operation, maintenance and rates are fixed by State statutes. The Authority's contribu-decommissioning of the Summer Plant. and the Authority tions to the State Pension Plan were $2.090.597 and is obligated to pay its ownership share of all costs St.782.093 for the years ended June 30.1983 and 1982. relating thereto. At lune 30.1983 and 1982. the plant respedively. Data conceming accrued benefits and pen-accounts included approximately $407.164.000 and sion fund assets relating to Authority employees are not $364.930.000 respectively. representing the Authority's in-available. vestment. including AFUDC. in the Summer Plant. F - Allowance for Funds Used During Construction - Nuclear fuel represents the Authority's investment in the The allowance for funds used during construction initial core of three regions and a major portion of (AFUDC) reflects the cost for the period of capital Region Four that will be used for the first reload. devoted to plant under construction. induding nuclear The Nuclear Regulatory Commission issued a low fuel. This cost represents interest charges on borrowed power Facility Operating License for the Virgil C Summer funds and a reasonable rate of retum on other funds Nuclear Station on August 6.1982. A full power. full term used to finance plant additions during construction operating license was issued on Nosember 12. 1982, perieds and is capitalized in the same manner as con-which. however. limited reactor power operation to 50% struction labor and material costss pendmg certain modification of the steam generators. Construction projects are substantially financed by iden-The steam generator modifications were completed in

8 May 1983. and test operations above 50% reactor power The supplier t.ader the original uranium supply contract were initiated. Initial operation at the 100% power level breached the contract in 1975 due to uranium market was achieved lune 10.1983. Operations up to and at the conditions. SCESG initiated action seeking specific perfor-100% power level are continuing. mance of the contract provisions. and a final settlement As of January 1,1983. the Authority commenced was reached and approved by all parties in April 1980. treating the Summer Plant as in service for accounting By terms of the order approving the settlement. the court purposes. Accordingly. the Authority is amortizing nuclear imposed confidentiality upon the details of the settle-fuel cost based on energy expended which includes a ment. The Authority has received approximately component for estimated disposal costs of spent nuclear $10.243.000 in cash as partial settlement of the lawsuit. fuel. These amortizations are included in fuel expense Additionally. the agreement provides for delivery of some and are recovered through the Authority's rates. uranium. long-term dehveries of equipment and services Ihcommissioning costs (costs to take the plant out of (including conversion and fuel fabrication) at a discount. service in the future) for the Summer Piant are estimated and the prospect of additional cash payments pending to be $246 million. for the Authority's H ownership. the outcome of litigation between the supplier and a based on a 30 year useful hfe with decommissioning group of uranium producers. expated to commence in the year 2013. The Authority Amounts received have been included in deferred accrues for ite share of the estimated decommissioning credits and are apphed as a reduction of uranium fuel costs over the remaining life of the facility. These costs costs. This is consistent with SCESGs treatment pursuant will be recovered through the Authority's rates. The to an order from the South Carohna Public Service Com-estimated decommissioning costs are periodically re-mission. The cost of nuclear fuel purchased has been viewed and adjustments recorded as appropriate. reduced by approximately $3.900.000. Not] 4 - long-Term Debt Outstanding: lune 30 Priority Obligations: 1983 1982 Electric Revenue Bonds. Series of 1950. bearing interest at 2.70% and due 1983 to 1993 $ 10,120,000 $ 10.380.000 Electric Revenue Bonds. Series of 1967. bearing interest at 4.10% and due 1983 and 2006 50,265,000 50.425.000 Electric Revenue Bonds. Refunding Series of 1973. bearing interest at 5% and due 1983 to 1989 6.455,000 7.210.000 Contract Obligations, payable 1983 to 1985 629,840 1.048.527 Total Priority Obligations 67,469,840 69.063.527 Electnc System Expansion Revenue Bonds: Expansion Bonds.1973 Series. bearing interest from 5% to 5%% and due 1983 to 1993 and 2013 97,385,000 98.305.000 Expansion Bonds.1974 Series. bearing interest from 6% to 6%% and due 1983 to 1999 and 2014 107,135,000 108.020.000 Expansion Bonds.1977 Refunding Series. bearing interest from 4.30% to 6% and due 1983 to 1997 and 2002 and 2016 204,370,000 206.870.000 Expansion Bonds.1977 Series bearing interest from 4.10% to 5%% and due 1983 to 2002 and 2017 114,580,000 115.000.000 Expansion Bonds,1978 Series. bearing interest from 4.40% to 5%% and due 1983 to 1998 and 2008 and 2018 199,700,000 199.900.000 Expansion Bonds.1979 Series A. bearing interest from 5.40% to 6%% and due 1983 to 2003 and 2009 and 2019 109,795,000 109.865.000 Expansion Bonds.1980 Series A. bearing interest from 8.60% to 10%% and due 1983 to 1995 and 2002 and 2010 74,740,000 74.875.000 Expansion Bonds.1981 Series A. bearing interest from 7H% to 10%% and due 1985 to 1997 and 2002 and 2020 75,000,000 75.000.000 Expansion Bonds.1981 Series a bearing interest from 9%% to 12% and due 1995 to 2000 and 2013 and 2020 and 2021 200,000,000 200.000.000 Expansion Bonds.1981 Series C. bearing interest from 10% to 13%% and due 1986 to 1994 and 2001 and 2015 50,000.000 150.000.000 Expansion Bonds.1982 Series A. bearing interest from 9h% to 13%% and due 1986 to 1994 and 2003 38,000,000 165.000.000 Expansion Bonds,1982 Series B. bearing interest from 9h% to 13% and due 1986 to 1997 and 2005 and 2022 165,000,000 165.000.000

9 Expansion Bonds.1982 Refunding Series. bearing interest from 7K% to 9.70% and due 1987 to 1994 and 2002 and 2012 and 2022 294.000,000 Tbtal Expansion Bonds 1,729,705.000 1.667.835.000 Electric Revenue Notes: Electric Revenue Notes.1980. bearing interest at 5H% and due December 1.1983 50.000.000 50.000.000 Electric Revenue Notes.1981 bearing interest at 7%% and due June 1.1984 25.000.000 25.000.000 Electric Revenue Notes.1982, bearing interest at 8H% and due April 15.1983 50.000.000 Electric Revenue Notes.1983. bearing interest at 5.60% and due May 1.1985 60.000.000 'Ibtal Electric Revenue Notet 135.000.000 125.000.000 Capital Subordinated 1. ease Contracts payable 1983 to 2015 82,467,110 85.609.546 Other 75,000 150.000 Tbtal long-term debt $2.014,716,950 S1.947.658.073 The Authority utilizes proceeds of debt issues primarily the Authority's gross revenues (as defined) in the three in financing its contruction program. preceding fiscal years. The Electric System Expansion Revenue Bonds.1971 The Authority may issue additional parity expansion and 1976 Series. were advanced refunded and defeased bonds if. among other things, the Authority's Con-in 1977 by issuance of 1977 Refunding Series Bonds and sulting Engineer certifies that net revcnues (as defined) Special Obligation Refunding Series Bonds. The principal in each succeeding fiscal year after the date on which amount of the refunded bonds and Special Obligation such additional bonds are sold to and induding the Bonds remaining outstanding at lune 30.1983. tota!ed later of (a) the third succeeding full fiscal year after $210.685.000. In November 1982. $127.000.000 of the such date or (b) the first full fiscal year after the 14'/g% Electric System Expansion Revenue Bonds.1982 estimated date of commerical operation of any power Series A and $100.000.000 of the 13%% Electric System plant to pay the cost of construction of which addi-Expansion Revenue Bonds.1981 Series C, were advt.nced tional expansion bonds have been. are being. or are refunded and defeased by issuance of the 1982 Refund-then authorized to be issued. shall be at least equal to ing Series Bonds. The principal amount of the refunded the sum of the amounts required in such fiscal ear 3 bonds at lune 30.1983 totaled $227.000.000. Such for (i) debt service on the priority obligations and the bonds will be retired as they mature from the proceeds expansion bonds then outstanding. being issued. or of govemment obligations held by the Refunding Rustee. authorized but not yet issued. (ii) payments into the The advanced refunding of debt resulted in a loss of lease fund. and (iii) payments into the capital improve-approximately S62.588.000 which represents the dif-ment fund. ference between the principal amount of the 1982 Maturities of electric revenue notes. priority obligations Refunding Series issued and the net carrying value of the and expansion bonds during the years ending June 30. bonds refunded. Although resulting in a book loss. this 1984 through 1988. are as follows: refunding will reduce debt service by approximately Electric Priority $114.000.000 over the life of the bonds. Revenue obhgations & The Authority's bond indentures provide for certain Notes Expansion Bonds Total restriczions. the most significant of which are: lune 30.1984 s 75.000 000 s 8216.017 s 83.2 6.oi7 The Authority covenants to establish rates and lune 30.1985 60.000 000 9 479.051 69.479.05: charges adequate to provide revenues sufficient. l a 3.1986 10300 000 so3oom among other things. to pay debt service when due on f lune 30.1987 i3.720.000 13.720.000 the priority obligations and expansion bonds. to make required payments when due into the lease fund and lune 30.1988 i s 025 000 15.025.000 the capital improvement fund. and to pay the costs of Total s:35.000 000 sso.940 068 s i91.940.06a operation and maintenance of the Authority's electric ~ system and all necessary repairs, replacements. and The contract obligations included abose arose through renewals thereof. an agreement to purchase certain transmission lines The Authority is presently required to pay annually (generally known as the %B" System) from Central Elec-into its capital improvement fund an amount which. tric Power Cooperative. Inc. Pnncipal and interest at 2% together with the amounts deposited therein in the per annum are payable in semi-annual installments. See two preceding fiscal years. is at least equal to 8% of Note 6 for details conceming long-term lease ob!;gations.

10 1 Note 5 - Commercial Paper: 5 80 The Board of Directors authorized the issuance of com-1987 5,465.680 i mercial paper notes on January 1.1983. The notes may 1988 5,401,504 i be issued from time to time, not to exceed $50.000.000. Thereafter 101,534,561 The paper will be issued for valid corporate purposes Total minimum lease payments 128,810.514 with a term not to exceed 270 days at an annual interest I ss. amounts representing interest 46,343,404 rate not to exceed 9M%. As of June 30.1983. $15.000.000 was outstanding at an effective interest rate Balance at June 30,1983 $ 82.467.110 of 5.02% The average effective interest rate for 1983 was Ir ses. other than Central leases. are not material. 4%%. the average amount outstanding was $10.472.890. and the average maturity was 25.77 days Note 7 - Commitments and Contingencies: At June 30.1983. the Authority had a Revolving Credit Agreement with various lendors of S50.000.000. This The Authority's Construction Budget. as adjusted for Agreement is used to support the Authority's issuance of known changes, provides for expenditures (consisting of commercial paper. Under the Agreement the Authority is generating facilities - Cross '84. Cross '91 and other con-required to pay a fee of % of 1% on the unused balance. stmctim) of approximately $149.154.000 during the fiscal No loans were outstanding under the Agreement at June year ending lune 30.1984. and $107.384.000 during the f U wing two yeam. 30.1983. During 1982, the Federal Energy Regulatory Commis-Note 6 - long-Term lease Commitments: sion (FERO notified the Authority that the Pmopolis West Dam and the North Santee Dam. which form a part of The Authority has lease contracts with Central Electric the Authoritys electnc utility system. possessed marginal Power Cooperative. Inc.. covering a steam electric seismic stability under applicabie design earthquake generating plant. transmission facilities, and various other criteria. FERC indicated that remedial measures should facilitics. The lease terms range from twelve to thirty-two be undertaken by the Authority to provide an increased ] years. Quarterly lease payments are based on a sum equal to the interest on and principal of Central's in-Twql f seismic stability The Authority engaged an ) engineenng firm to perform studies and planning to debtedness to the Rural Electrification Administration for d termine the extent and cost of work necessary to funds borrowed to construct the above-mentioned correct the design weaknesses. The initial engineering facilities. The Authority has an option to purchase the study has been completed and submitted to FERC for leased properties at any time during the period of the as e lease agreement for a sum equal to Central's in-As part of its 1983 Supplemental Appropriations Bill, debtedness remaining outstandmg on the property in-s s d Enges m volved at the time the option is exercised or to retum the install a closure structure in the diversion canal between properties at the termination of the lease. The Authority e Madon ad & Mne and m cmsm M plans to exercise each and every option to acquire me sures as necessary to improve the seismic stability of ownership of such facilities prior to expiration of the the Pinopolis West Dam at an estimated cost of leases. In addition. the Authority and Central were parties $22 M N to a power contract which provided that the Authonty Of the estimated $22.000.000. Congress appropriated would provide and Central would purchase all of its $2.000.000 for the Corps of Engineers to begin energy requirements less amounts which Central pur, immedi tely with engineering and design studies in con-chased directly from the Southeastem Power Administra_ nection with the project to improve stability of the dam. tion through Dacember 1982. After January 1.1983. Until FERC has completed its review on the proposed power supply and transmission services have been pro-m difications to the Pinopolis West Dam and the pro-vided to Central in accordance with the Power System p sed remedial measures to be undertaken by the Coordination and Integration Agreement dated January Authority on the North Santee Dam. it is not possible to 19.1981. This agreement also provides that each party em m h cent of d necsary to com h will have an option to share ownership of future design weaknesses. Based on the facts as they currently generating facilities to be constructed by the other. exist. management believes that any cost incurred by the Central has advised the Authonty that it will not exercise Authority related to the dams would not materially affect its option with respect to Cross '84. but will exercise its the financial position of the Authority option to own 45% of Cross '91 and the Pee Dee g(nerating stations subject to obtaining financing Note 8 - Major Customers: guaranteed by REA. Future minimum lease payments on Central leases, at Sales to the two major customers. Central Electric lune 30,1983. were: Power Cooperative. Inc.. and Alumax of South Carolina. Inc.. were S121.825.213 and $77.421.2 51, respectively and Years ending June 30: Amount $101.801.652 and $78.963.489. respectively. for the years 1984 $ 5.477,409 endedJune 30.1983 and 1982.

? fgfQ" f.f L: - ": ' 1 ' W.., ' k., d -.--': m. 1.M. ~ - ~'.' rt ? .U m,. 4 % g;.r 'h.,, M'1. s b, P. 2.- L- .p . :; a. g.

.y, J,.', a y' '" W.3 c u,,u,y c ; 3. y - %>a &,.T W

i. r - L g ',. 1 4. 4

7. i: -..

i . 3 ;. ? .,.: t. y ; +. ; r... ml. ~;.,, p ( m s. 3 4. >..- p m..,,,.,. - .a. ..w. ,.~ _.,i. <. -y . 5. '.. [. ? W. Jr -., ,.+a,.., 3 ~ =' ? p,. ..A . F.' 1.+.. .1,- ,J' .. '.a.f " ' %.. M+. _ 'u,, - ^. 'N, 't.., b /,4 g 3. ..., J;. - -'4 .a ,y c,..,-, .... -...; 9, + y n :.,,..,., o,, c,n~ n -. ?. , ~.. w n+.,n -. 3,... ..,. :.....,..u i,.... .. e -, -,..c.x..... -z.,.s v, c w .. ca - n --. qq.p. + x ~ _. ,s ..,-n a w a, q , 4, y y. -1 ,a.. a -p y. ?.. _ga .-,. r g' g 4 .g 39g .l l ,,.j V n',+c ~ ' -f. _ [. [

.'l

. J 7 -(t M.... e 4 n... s-,...;- ...s', . ? s. ~. .s - e s

. - e. '

• o*

. s p~ - m -.r .. *. a n.... 4 . q .s. _ + s,-r m .a ,..-0, g. . J

p - L.:. -,,

a.. -

.g, ..s.* w..,. ,"i.. ..a ....e....-

p.,. 7,l A:?. E3. ' g _..

'g. 3 u - J.,-. +. -"- -An . ' '*. 3.,.. s t s, m., -. s. m g y'. ,w..s. v., ec.c;y( ..r j;, c 4.4 - op, ;. ; 3, s c .1,,,' .: y,t- *.t g*,, g..- n., ; e u... .m r,.. o.. ~-.,;' < : 4....-.. x. .j.,% 1, + .= - - .,s. .,..z ,e. s.....,w ,??... ".,- s a-fx '..;.,;. ~ - %,. k'. e., c e. g.

• g g :

s J'.- '.).. ...,. + s. + g,

y....

.,,n .- - i. a e .sy . < m. ,..,},. r,. s. . ~..y. s .:+..,.,,.'...,,'. . ~,,,.., . ~.. _ _ >. ~ t ~e y p ;.y r-

p 1

s _r .,- +<. f_,, ...-, y.l s... y..-.

7..,.,.., -. r

, n, e 4.-. .e

y

.eg< g ,?. - .d .i..,.-e .3 r r.. y,*, .ks < ^. *,, .f U y < '.- - '.p h. 4..,.,... u., .,m... .t.. r,f. i,,., -r ..s ,---f. ,;~+. - .n,..,. 3s .,., -. 5 y 91' g. .. ~., .% n..

• ..V..+y,..,

gi

.. s", ,t . y ,s e 4hq,. I, I* 9.,,,....'.'.L.,. ...;,_ Y, '. E g'. s .5 p' " My. '. c.

g.a. -<

. ;\\,- '*_-;

1. > 3 gf..

g, <,e.@f.p> ,. '-'y.. m -~s[.. J ,+ 7

1. "eq

+ .[.- w. s A. y - = L. < ;.. g vm -. s, ~ .1 e

_.o

.a v. .,~ n e y <n. .w-s ,9 ' %n.% a <,.~ ,- :. ? ', u.: x.n., - u . y ./ .. :,.: n.' m,C. , s -, : .o... y,, +7. . 3'. -../. v .m ~ - r.- .:. : V 'y l .t... .. c g' u g,s.s _3 0. ;

e

.+ e a. 's . x. u,. - + 4...r -.,.o.. .. /.. M x e;. %v. c. 4, 4,.., f. .......e,- z. . T ',. '., . - y. :. f., :.: -' ' : - ".,c 2 , g. . v. .. Y '.. h..m p h,. Q.:;.. .-. ~.. ~ .... -... : y4 .. X. ~; s i ~, 4.- y... ..= V.- '. - '. ' L. g. t .. i,., g+ g- ...s,

y.. ~ 4 -.

,7... .J-L. &,, g B. +. . L>f,w ..a. . ~. .,,, h.3, 3 4 .s .4. ~, p,. .s... ~.- >.... ., - t -.g~/ m-4. y.. g r F ...~y . (K. ^f h9 ' t s e,.... y.x y... x. s . i.~.- .e. .;t w-s, [ g# '~.' w i.[

• I '.

I., .., 1 8, ....,..,4. :.,

j. =

9...,, ' * - .,.;.,q,..,".n:. ,g.- p, ...... 4; -. ~ - ~, - y ...'g

• g

~* a n , r..:y\\,' .g o = .~ ..e ,7 x - 6 -. l, - x, _,.i...

n. s, ty.n.>.-

. s ,s q 9 y. 3+ - :<. -q r. s. ..s.. y t. .s..- .,, =. y t g...i; e-w ,e .... t ..,p .-. 3;,....,,.. .e n.; r . -+,., ..?$,,-- -. .v. .e .,. j..,, 3 ,.., ~,.., ,s.t. .m u. g_.g.....,..~..,..s, M r.: s .m, - 4.. .a. - - .,,.u. zs.. ..,.n y ;... .s

3.,... 4.*Y,. rE. 4 v

.,u,., ,. e .,4

• g,,... t.

-4

• ,. t.. t, 4.

VN .' 4.,,,,, ~ - -7,. 4" - } t. -..S. e,-~, .,,m-7 ( 3;.. y..a .: D.. 4 .f i - c.. ; v... e~ t. s - e. 4. . p.s -..-. ' ,<...s. <y p- .s ; .n ~ y-,--...- z . ~ . 4e.. pgy.., ry S.;y+.... g-g../,; 3. e - i - % '., p,4. s. + ja:q, 3., s - ;- ,a.,- g,, j $. '.v; ... p.:. o,... .-,..: + , qy-. ~..4 m .. n",. y.e, 1.

.4 4..

1 . p.. g. - ,s. .L ,s , < s,$,ws. . a. .= c. s r..;.,.... <,. <... i,y c x ..,.,, - y -.,, s j.,... ~,,, m.

*...,..: s M..... ;

r. U" .'s y* .1 4,n,,g. y ,'......,\\~,y + .~, s .n. v. - s n - v... - , :v1 g%>.;4,-y < u. -*z . e.. . 4..yL. - =... ;.,;@, '.w - y a.; e % ? , A. r -, v ..r- +. . +

d... v, W, o 'g

', a p' .o

• • y s.

,.p.. q.,, -..

i ~.

, _ ' ~ '.. <:.. ~-. ,n .," - a%r ,s s~ v A n , g -h+ m :...,." t

c... p g.: 2.(

.r y - v, e: .'p y, ..i i, e '.. t; W.e,;r. M.s,.. , n.. g '.... u -!.4 ..:e %.:... - ~- ,%f.,, ~,,, - . -.i +, v w'~ e. ,p s t..'-- s "s x 3. a 1 y.. v.... i. '

• r....,;., p,.

+ 3; .N.. + A .,..- ~. - 4 . n.

• - % ;,. r -,. gj c-x

-t - *' ~ .. ?.j 4.gl - p%:..,, -..:; n.. ~ . ; g,a.. F. ~.. a. n. )., .,.,,.n -. 4. ' ' * ?. m ;. .n .u e. .. -; 4 ,~4,.. . s s ~. c. p- ~. s.; c'.. '.w. c. - y,;g.., ' -; <. - -..n - y .s.. ;. - - .-.. _. g?...

• t,...

c.. f,.

c -"

• ,./ a

~. n., u y,. _ .- '.,[ ;.. = ~m"

i.

g u y- - g, p '. 4,. ; g, u- + e .. q>.; g N. ; ...,.,,u t .. s +, -. 1'* 6 %? J. ' - p4 9,;;. ; <,:,e, t.. u u. . 4- 'm ,*. r. m +. - - iv. L.1,. .. z.,.. s - -

• h', :..'

., ? n '~ - s.) .y .. - ~,. f. f. ,,j .w .G.~e w. s e 4k . " ~ -, t i , % '.g. r ? ? r, '. >;. v '..w..'.. ',s ,3 L. a.. e '..v.t +> i_. p'. y A [,4 .,l,'.- .y 4 - [', ,f-[s.,,- .? A, s, .. -.. K.'... \\.f ', t, f 4 *-.. ' q.'""

s e 4,

1,,,, .,.,y .a ~ r r .~: a .] [ T.., ;.'. ;.,*.,g [, y. ,, h 'i ',;,..,

• ~ jk. ; ' >.

,,n e y .,:,v,. e i - 4 ' 7

d. '. ',

'k, -,. t l~ D t,. 9 ,,~ 4 s, yu s-v.. w. 4 ,,+o,,. , 3.; 1 ,A

,.. p..'

v.,

• (

u

a...n......~

~ ~. r.. a t .s e.. ..,,..n g, w .s .,y a. 3 g .,.. '.4p, 2.., '. - - V - f,. *..', f' er. - r. ..~. .,..' ~ 4; l %Q \\ - ! {* '( .,..s

[J

.ll ; _, +.. .6.- -.*..g

• .. - s

-..."i e %, l * - i a,_- ,"f '.4.3

, o -.. e

.* * >W., 4.,.,- : %,., -,5 ^ - g ., y ,.'s - - 3 ' %.-, 4 >.. N. M.- g,.,,.

• n..

.: 4.d ,.c s -..'M, j.i ,Oi. p afA. .\\ rs 6,,,.

• 'p

...., ' ' = d m -' '.,.,c 1.+ f-v! - - */ ,) rF+ k4 ,.s A., ~, ' y:. w. >,.- ,-o w-, =" ,,,. -~ ,..,, -.........a .. r ,g.- - e e, s m. c- - 0 <~ -A. + -.,e m* y-3,. - h* x c e' e3..,... - w ,7

• s

.2 y. ,y..- y t '.p' ...cQ;, %;= y ",.,; o t .o-c-J t - e. ,n .a r* ,.g ..,* -, ' g. x .g ,.g. .,;,, '4., y 3<,.c. . s 4 g . j g.,. ,, -. 4 yr '.- -d..',.. r 1 u.: r s,....,, s s. e s, .t." m .-,d +,., t., .,a. ,-.+, . u = ^,....; ",, .p 'E /,, r">x -.g r

,e,

,a a. u -, y & ,.~ . - S '? 4.,,' c,y, .e..: g .-.~ wu ~. - 'g,*.' .s4 g + ~,_ ,. 1. -4 4,,J,%. ',, 3,[*..: g., i g f.6. f g. .',' < g. - f - i N ',.,f4. ' l r 4 4.,.. ..'....1. " '....,... ..l .- *- ~..c *,. -,.;. ;,'. ' -,y.,'.. . e c',~,~..*. g 9 i,'. -., p. -- W ,f ,' 3.. '..f 4,. ;. - - -.... s c * .-. ***4, se J,,,.,.. ' ',, ..,..L 1,%,. r, - - y, .-;,- r. h,F. ., J. - '. g a - 1k; 4.. a'. b n - ,.,.4.&*->..' t. ), v. %, p..?, 4

mMM...

+ + a.,. n M

• 2, i

~~.* ,i t i m+c 3.f;.i.,, - 4....,.... s. .. ?,,.t '..4, f.,,. t..,t,..;7 5. ,s A- ., g., g., 4 3.. i 3-m y p:.#.... .* A. " u.- ty,., ., a n - t , p,,. .,r., y. .,&^ ,y j y ^ .. _.% ' q.,. -r G~., t.g e. -. c.v. # e w. L p , :, 9. .p ..., m . v... ~.. s :.. : A., - n.. i.,. a.; a, v. - ... ".;., ;.- _ G*.x + r4.,:%.,t,, ny. ;'

g.,=

.g....x. 2. i

.? .r .s n - p .. y w w g.. ,c. '.. - -,.. - wA ;- y. c. ,,s.., ea .w .- --,~ -a

:,, e, :,

. ;;,.y, - a,, -.. u;... y ..~.,,,

.;4. -.s e,.c

.,..v,-; ;,t,.a,,, y -2; ,..,o_ p .a,.. .s.,, 7, .v.. y . %~ 1-r.. y,u 4~.. >,, - ...e.. *, 4: q-f....: !7 ..( g .,.m. w.... r. c,,. . ~ o,

m. r. 2...; t.,.., %,,..,.

q, a .c , 2 w.; 4.,..g. n - x,. %. g, _ v. +. ;.;.,. e..,y. p. a., =. .r > z.,e m y "...;,1 y ;... ;. ;.....~. -4,w. *, .e s. -. s t. . ;;;.. W' .c _ e. ..+. i .. ~ c ?.g; 4, ,... v ~,. , w, g,.4. p u, .p.(,'. s w y, ' &. gN 1 s w +. uy % r, - - cy - + x .,.n s-4 9/' = : m.,, i -4'. r 4 i, '+ %v .....:,..r.. '.. ' .+

t. w'..

.4.1.i ' L. a a.-- '.y+,. 4 *. "s n, r, - A -e 1 1, g %. w

• I; s.

h y'q<l.r m. 'c. '. -c.-.: h '.>:. ;. ' n 2 ,fW': e ..%:n.! ', -- W *., -.. ". t 1 -#. '.,H. AiV .,s .. kr.., - s. - r - + . t4. % - ~ .;s..,. <, - s J' fo: .e 6 - S .t. e. p+,3w ^ e 4 y P. t,- j . hb h.* d g-

1. ' [,

.Y. [, k.( j'U[;'. , ( j _*, y f ..:], ' ' E .?* .,..}}