ML20098C910

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Quarterly Rept
ML20098C910
Person / Time
Site: Columbia, 05000000, Washington Public Power Supply System, Satsop
Issue date: 09/27/1981
From: Ferguson B
WASHINGTON PUBLIC POWER SUPPLY SYSTEM
To:
Shared Package
ML20093C821 List: ... further results
References
CON-WPPSS-034, CON-WPPSS-34, FOIA-84-603 NUDOCS 8409270275
Download: ML20098C910 (5)
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1 ness-AsTo,e ex 6ec BULK RATE SUPPLY SYSTEM U.S. POSTAGE l PAID 3040 GEORGE WASHINGTON WAY Ric o k 9352 RICHLAND, WA 99352

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QUARTERLY REPORT Copics of the %pply 4svem Annual Report arvi addaw>nal enpees el thss report mm he ehemned by eening to Publir ANaws & in6ermahon I Wahansson Public Power Suppl,5,seen P o ... . nound wahmg.on wm l 8409270275 840824 PDR FOIA PDR COHEN 84-603 ct-

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13ALANCE Ristrcted Assets SpeciaA Funds 3.665 1.051.366 1.055.031 SHEETS o - cer-s 4.96. 797.759 802.725 (Unaudited) o,,,i,, ,,a n, ,,u ,-er,,

in. Service (net) 41.892 8.874 4.960 55.726 Construction Work en Progress 5.742.511 5.742.511 41.892 5.751.385 4.960 5.798.237 Other Assets & Deferred Charges 4.515 23.835 870 29.220

$61.808 $7.664.213 s14.038 $7.740.059 LIABILITIE S Current Liab.hties-Operating Fund 83 155 $33.868 $8020 $45.043 Liabeleties-Payable from Restricted Assets Special Funds 885 391.512 392.397 Debt Servce Funds 407, 158.393 158.800 1.292 549.905 551.197 Long-Term Debt 53.916 6.628.973 6.682.889 SEPTEMBER 27,1981 o'a" 'a6*= 8' oa' " d c' da' 3 **5 45' *87 5o'8 45o 930 561.808 $ 7.664,213 $14.038 $7.740.059 Construction Intemal Operating Protects Nuclear Protects Servce

($ IN THOUSANDS) Hanford & Packwood Nos.1, 2. 3 & 4/5 Fund Combened STATEMENTS SOuRC. 0, ,uNOS Operstmg Receipts $13.182 OF SOURCE Collections Under Net Bilhng 853.802 413.182 53.802 Sond Proceeds 666.958 666.958 AND USE inwre= 'n--e Charged tc Joint Owners 542 37 a73 33.501 38.215 33.501

(( Decrease en Restrcted Funds Net Change en Operating Fund 2.437 (320) 59.471 422 (12) 61.908 60 (Unaudited) s15.843 $851.827 6253 8867.923 USE OF FUNDS Operating Expenses s11.990 $11.990 Construction Costs $366.498 366.498 Interes. Espense 468 119.940 120.408 FISCAL THREE Financing Expense

'* 5 345

'* 5 345 ONTHS mMD '"*'***""*'"""d' Revaluation of Investments 182

'2.96i 1718) 343.204 (5361 SEPTEMBER 27,1981 '"" ' 'S * *5 ' '25' 7 ***

S15.843 $851.827 $253 $867,923 The Washington Public Power Supply System was organized in 1957 as a municipal corporation and joint operating agency of the State of Washington. Its membership consists of 19 public utility districts and 4 municipalities ahich own and operate electric systems within the State of Washington. It is empowered to acquire, construct and operate facilities for the generation and transmission of electric power and energy.

SEPTEMBER 27,1981 iGTG"MuG QUARTERLY REPORT FISCAL YEAR 1982 PROJECT FUNDIN suPav svsim ,u~oi~a uoc ,,,, .u=n a'ou'amm's 'a> =="

COSTS g e'o'*",em~m'~1s eou REQUIREMENTS O ,,,Noe010 o 1, WNP Nose 1-5 l I E871s'**' WNP Nos.1-5 """""*"'"$"'""*"'

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WNP No 1 WNPNo 2 WNP No 3 WNP No 4 WNP No 5 WNP No 1 WNP No 2 WNP No 3* WNP No. 4 6'

% Construction Completed Plant Si2e Date of Scheduled Quarter Ended Cumulative (MWe) Commercial Operation

  • Sept 27,1981 Sept 27.1981 Nuclear Proiect No 1 1250 June 1986 55 46 9 Nuclear Project No. 2 1100 February 1984 *
  • Nuclear Project No 3 1240 December 1986 48 36 8 Nuclear Project No 4 1250 June 1987 10 24 0 Nuclear Protect No 5 1240 December 1987 9 15 8
  • WNP-2 ss en the system's completion phase-the last 15% of the project Construction Internal Operating Projects Nuclear Properts Service

($ IN THOUSANDS) nantord & Packwood Nos 1.23&45 Fund Combined k$ I' # ' ' ' ' '

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During the quarier, the Supply Spiem's smgie largest A draf t environmental impact report on WNP-2, com-WNP-4/5 MOTHBALL DECISION bond sale was completed. The net proceeds of the $750 mil- pieted thn summer, stated " operation of the nuclear plant On September 18, the Governors' Blue Ribbon Panel Imn are empeoed to provide enough f unds to (ontmue con- would have no adverse social or economic effect on Hanford releaed the results of its stude >n WNP-4 and 5. Their

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uructen i WNP-1,2 and 3 through early 1982. The bonds or the surrounding communities. The final environmental recommendation, which the Board of Directors adopted at its s Id at an average mterest rate f about 14 5 percent. The report will be pubhshed in December and a safety evaluation October 23 meeting, puts the projects in a preservation mode f unds have been apportioned as follows: WNP-1, $31! mil- will be issued in Marc h 1982.

until at least lune 30,1983. By the end of thes period, the lon; W $2m mahosi; and WNP-3, $225 milhon. It was f ollowing the recommendation by the Board of Directors WNP-4 and 5 study mandated by the Washington State Legis- the first negotiated sale since the Washmgton State Legisla- to preserve WNP-4 and 5 for two to two-and-one-half yean, lature will have been completed. Also, the Regional Power lure Pawed a law to allow . hat imancing option. Prior to that, the Supply Synem orgarsized a team to direct the orderly and Counal will hase finished its plan and will be in a position to the Supply System was compelled to offer bonds on a com- immed,4:e shutdown of the plants. At WNP-4, the craft work consider whether or not to rc<ommend Bonneville's acquisi- Petitive bid basis befase a sale could be negotiated. force n talow 50, with activities geared toward auditing and tion of power from WNP-4 and 5. in July, the Board of Duenors approved a $23.8 bilhon securing contractors' documentation, disposing of contrac-The plan to preserve the projects involves participation construction budget which (ovued the tout estimated costs tors mventories and maintaining equipment and buildmgs.

by the 88 participants in the projects,ihree inveuor-owned im c mpleting all five projeds during the next six years. It $smilar activities are taking place at WNP-5, where critical utilities and the region's direct sersice industries. The partici, was the first construction budget prepared under the new construction is continuing to natural stopping points so that pants agreed to pay $91 million of the $150 million cost to Supply System management philosophy-one whkh uses a c.e project can be preserved for future us .

defer construction as well as 100 percent of the interest dur- zero-based budgetmg concept. The Hanford Generating Project return :d to service ing construction beginning March 1,19t:3. The three investor August 1 after its scheduled summer outar e f rom August 1 owned estilities-Puget Sound Power & Light. Washington CONTRACTS io August 20. operanon was intermittent. .ull generation was Water Power Co. and Pacific Power & Light Co.-agreed t reattamed August 24 and the project continued operating pay $29.5 melhon. The remaining $29.5 melkon will come Bechtel Power Corporation was seleoed as the Sy tem's i i 65 fm a I d M88W from the repon's direct service industnes. Completion Contrader at WNP-2 in late August. The project The immediate and orderly shutdown of Projects 4 and 5 is about 86 percent complete and is wheduled for fuel load- The Packwood take Hydroelectric Project netted a total is being implemented. In addition, the Supply 5ptem has ing in September 1983. New legislation adopted by the of 19.470.500 kWh this quarter. About 430 hours0.00498 days <br />0.119 hours <br />7.109788e-4 weeks <br />1.63615e-4 months <br /> of down t; ken the following steps to preserve the awen of the pro- Washington State Legislature earher this year allows the time were uheduled due to decreased stream flow into the ixts at the least possible cost: Supply Sy tem to negotiate a "svuems completion contract,, g,g Ne a Projed is 80 percent complete. This enables the O Ordered a two-rnonth hering freeze, exept for jobs crit.

ical to the completion of WNP-1,2 and 3.

SUPPl y System to consolidaic the Imishmg work under one contrac tor.

WNEMNT O Implemented a reduction in force of approximately 344 in September, a contrad indudmg an incennve clause, in September, the Supply Sy tem's top management was which could mean up to $45 mdhon in profits, was signed realigned to indude 12 rather than 15 due< tors.

Supply $ptem employees. This reduction will cut the with Ebasco services, Incorporated. Ibasco will be paid that safety and Security is she new corporate unit responsible Supply Spiem's salary cost by nearly $9 milhon annually.

sum only if it imishes WNP-3 and 5 at least 10 months ahead for all health, safety and security, environmental programs O Dircoed a re-evaluarion of impaa payments to whool of schedule. It represents a potential sasmgs of up to $1 bil- and regulatory matters related to licensing by the Nuclear distrias based on construction of three plants rather Regulatory Commission. Its director is John W. Shannon, pre-lion f r the ratepayers, since the probus would produce than five, viously manager of Safety and Security.

revenues during those 10 months and avoid addinonal con-These steps reflect the transformanon of an organization struction and financing costs. The previous Ebasco contract former admmstrative director Dwight R. Trindt is the constructmg five nuclear power generaung plants to one that was essennally a cost.plus arrangement that required negotia- new diredor of Business Programs. Added to has diredorate is now constructing three. nons for any change-a proceu that added cou and delap to are management pohcy and sptems (ontra ts and materials Both the region and the Supply 5ptem have demon- the proje< ts. management and internal auditing.

strited their commitment to providmg for the energy needs The Supply System recently initiated a program to reduce of the Northwest. In a sense, the $150 milhon needed to pre- CONSTRUCTION / OPERATIONS the 1982 adminstratise and general expenditures by 25 per-serve WNP-4 and 5 is similar to an msurant e premium-one cent. The Supply Systtm staff was also redaced by 12M per-ponenn of he nudur um supply sp cent. These decisions have been difficult, but were deemed inct guarantees that the assets are there if needed in the for WNP-3 wre insMied m la e %u, wek ahed future. The agreement to preserse WNP-4 and 5 puts those necessary to fulfill our commitment to o anplete WNP- 1,2 units in the background for the ume being. It also allows the and 3 within their projected cost estimates.

the pojed was a mord h perwnt in Auguu, with a ml Supply 5ptem to mose aggressively ahead with construdion I r the quarter of 4.3 percent.

of its other three projects. Construction progrew is also ahead of uhedule at WNP-1 with construction progren at 18 percent in August, and a FINANCIAL total of E5 percent for the quarier. Work is neanng comple-In the first quarter, Supply 5ptem operating receipts teon on the containment dome.

totaled $66.984.000. Operatmg plant receipts were $12,898.000 At WNP-2, a week-long inspedion by the Nudear Regu-for the Hanford Generating Proje(t and $284,000 for the latory Commission in Septembe mdicated no violanons. le Phkwood take Hydroelectric Project. Net billmg receipts induded examination of management programs induding from the participants in Nudear Projects 1 and 2 were project controls, quahty assurance, design and construction.

$53.802.000.

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DATE OF DOC DAl'I. RZC'D LTP. 202:0 RFI CT:-::a Achington Public Pur Supply Systen ,

'ichirnd, Wash 99352 -

ofc. J.J. Stein 7-10-74 7-15-74 X

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ORIG CC OT:45R SE:;T AIC ?ER xx7 E:G, Case - SEST LCCAL 7 1 W-1 sinned CL!>SS USCLAS3  ?RO? 1570 INPUT NG CYS REC'D D 0 0 K E T 2;0 :

XXX . 1 STN-501 l';SCRIPTICli: ENCLCSURF.S:

Ltr trans the followit.g... info to undate the 1) Appl - updated . to include Unit #5"*- 10 cys '

"Tandered Application"... rec'd 3-5-74, & to -

include a NEW UNIT #5.......

2) PSAR Vols 1 thru 15 - 15_ set's, s .

Litilited Dint Per: O'Reiliy- (PM/L) *

(NOTE: Appl & PSAR to O'Reilly for revicu...

  • no other dint for reviev.) ',

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(NOTE: 2nd review for ER to be l'L!5UE UWE WPPSS 3 thru 5 submitted about 8-15-74.)

T O ?. A C'!!C N I:'7 C'?? A T: C:: 7-16-74 .1 B

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AEC PDR............... 1 SET PAWLICKI GRIMES (LESS .iEC. 17) g SHAO GA0!ILL (LESS SEC. 17)

RPLICATION OMLY NOVACK (LESS SEC. 2 & 13) KASTSER

.pICASST(L) V. Wilson IPPOLITO (LESS SEC. 13 & 14)

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.OUALITY ASSURA"g 1 0FFRATIONS ROSS WITH SEC. 4 & 15 BALLARD VOL121ER - SEC. 13-14-17 HOUSTON - SEC. 13-14 SECTION 17.0 ONLY

/ COLLINS - SEC. 13 E TOPR (THORS3URG).....(2) CYS ~

SEND TO W. MULLINIX (RO)

. LETTERS ONLY b7.AMSUSSO- ,/STELLO /' L. REEDER (RO) 00YD /DENTON / B/C (L) 0.Parr MOORE / MULLER V B/C (E) Rcran 1EYOUNG /S. KARI e/L/A (E) S. Reed

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