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Washington Public Power Supply System A JOINT OPERATING AGENCY P. O. BOX 968 301 FIFTH AVE.
RICHLAND, WASHING TON 99352 TELEPHONE (5091946 9681 August 21, 1972 Docket tio. 50-397 A. Giambusso, Deputy Director for Reactor Projects p
Directorate of Licensing C)
U. S. Atomic Energy Commission I
Washington, D. C.
20545 D
SEP1 u.s. a 1972s '?
A
Subject:
AMEllDMEllT fl0.10 TO THE q,
Gr APPL.lCATION FOR A C0:lSTRUCTION PERMIT 4
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FOR THE HANFORD. 0. 2 REACTOR 4
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Dear t-tr. Giambusso:
Washington Public Power Supply System submits herewith Amendment No.10 to its application for a construction permit for the Hanford No.
(
2 reactor. This filing includes three (3) signed originals and sixty-seven (67) copies of the Amendment.
This Amendment consists of our response to AEC questions of July 28, 1972.
A certificate confirming service of Amendment No. 10 upon the Chairman of the Board of Benton County Comissioners will be filed when acknowledgment of receipt thereof has been obtained.
Very truly yours,
. Sc J.(.
EIN Managing Director JJS:DLR:jk Attachment
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,g-STATE OF WASHINGTON -)) ss COUNTY OF BENTON
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On-this day personally appeared before me J. J. STEIN to me known to
- be the individual described in-and who executed the within and foregoing instrument, and acknowledged that he signed the same as his free and voluntary act and dee'd, for.the uses and purposes therein mentioned.
Given under my hand and official seal this 21st day of August,1972.
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Notary Public in an'd for the State of Wash'ington County of Benton T
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' H.::.nford' No. ' 2 Am3ndment No. 10
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Sheet 1 of'l i
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'l INSTRUCTIONS FOR UPDATING THE-PSAR f
Volume 7~
Section 15.0-
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Text - Add 'new pages ' Q.15.10-1, Q.15.10-2 and Q.15.10-3.
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- I Hanford No. 2 AMENL.1ENT NO. 10 3r-QUESTION 15.10 (July 28,1972 letter from Roger Boyd)
In order to complete our review of your financial qualifications concerning your application for'a permit to construct the Hanford Number Two Nuclear Plant, it will be necessary that you provide updated cost data for con-struction of'the facility.
Information should consist of current estimates of total design and con-struction costs broken down as follows:
(a) total nuclear production plant.
costs, (b) transmission, distribution and general plant costs,. (c) nuclear fuel inventory cost for first - cores, and (d) the total of these. This should be accompanied by a statement describing the basis from which the estimate is derived, and an indication of the amounts of these costs already expended or _ capitalized and the amounts expected to be expended or capitalized during the remainder of calendar year 1972.
If fuel is to be acquired by lease or other arrangement than purchase, you should so state.
The items included in the above categories should be as defined for accounts prescribed by the Federal Power Commission.
This information should be filed as an amendment to your application by August 25, 1972.
ANSWER An updated cost estimate for construction of the Hanford No. 2 nuclear I,
plant is given in Table Q.15.10-1.
This estimate was derived from informa-tion supplied by Burns and Roe, Inc., R. W. Beck and Associates, and Washington Public Power Supply System staff. Costs are based on an assumption of three bond issues at coupon interest rates of 6%.
The costs already expended on the project and expected to be expended during the remainder of calenlar year 1972, are given in Table Q.15.10-2 Fuel is to be acquired by purchase.
(
Q.15.10-1 L.
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.l Hanford No. 2 AMENDMENT MO. 10 TABLE Q.15.10-1 CONSTRUCTION BUDGET HANFORD NO. 2' NUCLEAR PLANT
-FPC Account Account' Name Amount 320 Land and Land Rights
$ A/.
321 Structures and Improvements 42,734,000 322 Reactor Plant Equipment 39,618,000 323 Turbo-Generator Unit 88,770,000 324 Accessory Electrical Equipment 17,270,000
'325 Miscellaneous Power Plant 867,000 a) Total. Nuclear Production Plant Costs
$ 239,259,000 353 Station Equipment and Switchyard 4,318,000 390 Station Structures and Improvements 30,000 399 Temporary Construction Facilities 3,043,000 b) Transmission, Distribution and 7,391,000 General Plant Costs 120 Nuclear Fuel 35,143,000 B/
i c) Nuclear Fuel Inventory Cost
$ 35,143,000 for First Core Sales Tax (Excluding Fuel) 12,329,000 Total Direct Construction Cost (Excluding Fuel) 258,979,000 Contingencies and Escalation 49,602,000 Engineering & Construction Management 18,439,000 Owner's Direct Cost 13,139,000 Subtotal (Excluding Fuel)
$ 340,159,000 B/
Other Costs 980,000 Capitalized Interest During Construction Gross Interest
$100,759,000 Less Estimated Interest Income from Investment of Construction Fund and Bond Reserve Fund 23,314,000 Net
$ 77,445,000 Financing, Legal and Miscellaneous Expenses including Bond tiscount 12,173,000 i
TOTAL BOND ISSUE
$ 465,900,000 C/
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A/
Annual rental charge to be included in operation costs'.
L B/
As estimated by Burns & Roe, Inc.
. C/
As estimated by R. W. Beck & Associates
.Q.15.10-2 j
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.Hanford No. 2 AMENDMENT No. 10 e
-j TABLE O.15.10-2 WASHINGTON PUBLIC POWER SUPPLY SYSTEM HANFORD NO. 2 NUCLEAR PLANT ESTIMATED PROJECT COST THROUGH DEC. 31, 1972 Total FPC PCTD Est. Cost Estimated Cost Account' Description July 1972 Through Dec. 31
@ Dec. 31, 1972 320.
Land and Land Rights 321 Structure and Improvements 345,000 345,000 322 Reactor Plant Equipment 46,000 1,349,000 1,395,000 323 Turbo-Generator Unit 24,000.24,000 324 Accessory Electrical Equipment 325 Miscellaneous Power Plant 353 Station Equipment and Switchyard 390 Station Equipment and Switchyard 399 Temporary Construction Facilities 807,000 807,000 l
12G Nuclear Fuel.
Engineering and Construction Mgmt. 4,25C,000 1,535,000 5,791,000 l3 Owner's Cost 1,765,000 581,000 2,346,000 Net Interest (117,000) 91,000 (26,000)
Financing 386,000 386,000 t
TOTAL
$6,360,000
$4,708,000
$11,068,000 I-l
- 1) PCTD - Project Cost to Date t
3 Q.15.10-3
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TRIESMISSION i
NUCLEAR PRODUCTIW DISTRIBUTIW AND NUCLEAR FUEL PIANT CO6T CEllE8AL CO6TS _ _
lavmasnii COST TOCAL
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$239,259,000-.
$ 7,391,'000
. $35,143,000
$281,493,000;-
Direct 12,329,000 11,959,000 370,000 Sales Tax 49.602,000
}-
Construction & Escalation 48,114,000 1,488,000 l
l 18,439.000,
Construction Management 553,000
.g and Engineering 17,886,000 lg 388,000 209,000 '
13,139,000 12,542,000 Owners Cost Interest (Net) 65,828,000 2,324,000 9,293,000,
77,445.000
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1,461,000 7, 12,173,000 t
365,000 i
10,347,000
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Finnacing
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29.000 980.000, 833.000 118.000 Other Cost
$465.900.000.
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$406,768,000
$12.957.000_ -
$46,135.000_
total
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Washington Public Power Supply System A JOINT OPERATING AGENCY P.O BOX 968 301 FIFTH AVE.
RICHLAND, WASHINGTON 99352 T ELE PHONE (5091946 9681 August 21, 1972 N
s Docket No. 50-397 A. Giambusso, Deputy Director for Reactor Projects p.
Sgpy 1
Directorate of Licensing g,
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'-fD-U. S. Atomic Energy Commission ec y
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Washington, D. C.
20545 4
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son AME* DMENT NO. El TO THE
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Subject:
1
'g, APPL.lCATION FOR A CONSTRUCTION PERMIT
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FOR T!!E HA;60R0.10. 2 REACTOR
Dear Mr. Giambusso:
Washington Public Power Supply System submits herewith Amendment No.10 to its application for a construction permit for the Hanford No.
I 2 reactor.
This filing includes three (3) signed originals and sixty-seven (67) copies of the Amendment.
This Amendment consists of our response to AEC questions of July 28, 1972.
A certificate confirming service of Amendment No. 10 upon the Chairman of the Board of Benton County Comissioners will be filed when acknowledgment of receipt thereof has been obtained.
Very truly yours,
. kT ' -
J.(. EIN Managing Director
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JJS:DLR:jk
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- l STATE OF WASHIf4GTON )
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On this day personally appeared before me J. J. STEIN to me known to-be the-individual described in and who executed the within and foregoing instrument, and acknowledged that he signed the same as his free and voluntary act and deed, for. the uses and purposes therein mentioned.
Given under my hand and official seal this 21st day of August,1972.
-, &s
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flotary Public in and for the State of Wash'ington County of Benton
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I Hanford No. 2 Amendment No. 10 Shtet 1 of 1 i
INSTRUCTIONS FOR UPDATING THE PSAR Volume 7 Section 15.0 Text - Add new pages Q.15.10-1, Q.15.10-2 and Q.15.1'3--3.
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Hanford No. 2
' AMENDMENT NO. 10 i
l QUESTION 15.10 (July 28,1972 letter from Roger Boyd)
I 1
In order to complete our revicw of your financial qualifications concerning your application for a permit to construct the Hanford Number Two Nuclear Plant, it will be necessary that you provide updated cost data for con-struction of the facility.
Information should consist of current estimates of total design and con-struction costs broken' down as follows: -(a) total nuclear production plant costs, (b) transmission, distribution and general. plant costs, (c) nuclear fuel inventory cost for first_ cores, and (d) the total of these. This should be accompanied by a statement describing the basis from which the estimate is derived, and an indication of the amounts of.these costs already expended or capitalized and.the amounts expected to be expended or capitalized during the remainder of calendar year 1972.
If fuel is to be acquired by lease or other arrangement than purchase, you should so state.
The items included in the above categories should be as defined for
. accounts prescribed by the Federal Power Commission.
This information should be filed as an amendment to your application by August 25, 1972.
ANSWER An updated cost estimate for construction of the Hanford No. 2 nuclear plant is given in Table Q.15.10-1.
This estimate was derived from informa-tion supplied by Burns and Roe, Inc., R. W. Beck and Associates, and Washington Public Power Supply System staff. Costs are based on an assumption of three bond issues at coupon interest rates of 6%.
The costs already expended on the project and expected to be expended during the remainder of calenlar year 1972, are given in Table Q.15.10-2 Fuel is to be acquired by purchase.
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1 Q.15.10-1
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6 Hanferd No. 2
. AMENDMENT NO. 10 TIBLE Q.15.10-1 J i.
CONSTRUCTION BUDGET HANFORD NO. 2 NUCLEAR PLANT FPC Account Account Name Amount
$_ A/
-320 Land and Iand Rights 321 Structures and Improvements 42,734,000 322
. Reactor Plant Equipment 39,618,000 323 Turbo-Generator Unit 88,770,000 324' Accessory Electrical Equipment 17,270,000 l
'325 Miscellaneous Power Plant 867,000 s.
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L a)' Total Nuclear Production Plant Costs S 239,259,000 353-Station Equipment and Switchyard 4,318,000 390-Station Structures and Improvements 30,000 399 Temporary Construction Facilities 3,043,000 b) Transmission, Distribution and S
7,391,000 f ~~~~~
General Plant Costs 120-
. Nuclear Fuel 35,143,000 B/
c) Nuclear Fuel Inventory Cost S 35,143,000 Y'~
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for First Core I
l Sales Tax (Excluding Fuel) 12,329,000 f
l Total Direct Construction Cost (Excluding Fuel) 258,979,000 Contingencies and Escalation 49,602,000 Engineering & Construction Management 18,439,000 Owner's Direct Cost 13,139,000 Subtotal (Excluding Fuel)
S 340,159,000 B/
Other Costs 980,000 Capitalized Interest During Construction Gross Interest
$100,759,000 Less Estimated Interest Income l
from Investment of Construction l
Fund and Bond Reserve Fund 23,314,000 Net S 77,445,000 I
Financing, Legal and Miscellaneous Expenses including Bond Discount 12,173,000 TOTAL BOND ISSUE
$ 465,900,000 C/
l.
A/
Annual rental charge to be included in operation costs.
B/
As estimated by Burns &
e, Inc.
C/
As estimated by R. W. Beck & Associates Q.15.10-2
V.L....
.Hanford No. 2 AMENDMENT NO. 10 TABLE Q.15.10-2
.p WASHINGTON PUBLIC POWER SUPPLY.SYSTE*4 HANFORD NO. 2 NUCLEAR PLANT ESTIMATED PROJECT COST THROUGH DEC. 31, 1972 Total FPC '
PCTD Est. Cost-Estimated Cost
- Account-Description July 1972 Through Dec. 31
@ Dec. 31, 1972 320 Land and Land Rights 321 Structure and Imprerements 345,000 345,000 322 Reactor Plant Equipment 46,000 1,349,000 1,395,000 323 Turbo-Generator Unit 24,000 24,000 324 Accessory Electrical Equipment 325 Miscellaneous Power Plant 353 Station Equipment and Switchyard -0
. 390 Station Equipment and Switchyard 399 Temporary Construction Facilities 807,000 807,000-120 Nuclear Fuel Engineering and Construction Mgmt. 4,256,000 1,535,000 5,791,000 I
Owner's cost 1,765,000 581,000 2,346,000 Net Interest (117,000) 91,000 (26,000)
Financing 386,000 386,000 TOTAL S6,360,000
$4,708,000
$11,068,000 l
- 1) PCTD - Project Cost to Date l
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Q.15.10-3
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nasaurr SHEET Paf'N LAKE HYDRO ELECTRIC P90 JECT OF unSMItaCTON PUBLIC Pt.fER SUPPLY SYSTDs June 30.1967
........................ ~.
...... ~.. ~........ = " * * * " " " " " " " " " " " * " * * * " * " * * * " " " * " " " * " " " " " "
- assgys LIABILITIES styJrselectric plant and properties = on the Bonded debt - Note S basis of cost. less allowance for Packwood Lake Hydroelectric Project depreciatics of 3741.166 - Mate C
$11.455.604 Revenue torJs. saturing March 1. 2032s Series of 1962. 3-5/83
$10.500.000 Sic' !n; funds - consisting of United States Series of 1%5. 3 3/45 L 200 GC0 $13.*K/J.G'A a
Gaserrrent securities of 3653.222 valued at the 10 er cf atorti:ed cost or market.
Accrued interest en bonded debt ($166.910) and due cash of $1.C3, ano advances to other funds -
ether funds (payable from Bend Fund Reserve end Este Bs Interest Accounts)
IM.02k BonJ Eeser.e Account
$500.717
%.445 BenJ Funs Interest A. count M
668.6 %
Accounts payable from Construction Fund Special fu ::4 - consisti.g of Ue.ited States Revenn Funds Cnerr-ent seccartties of $"54.844 valued Accounts payable and accrued empenses 8
65'.643 i
104.?04 107.867 at the 13-er of ar.ortised cost or market.
Due to power purchasers cash of ?,10.67d and advances to other funds -
E s t: Es Unclaimed Interest en bonded debt I.324 g Reser<e ara Centingency Fund
$280.000 g'
l Constr'ctisa Fund 410.9u5 690.965 I
30 0
Rever.ue Fur.ca d
- g us Cas%
$ 60.310 L'cits. St.tes Gover::ent securities - at the g
7 1xer of amartized cost or market 73.511 ga Accounts receivatle fres seat.er purchasers 105.009 M
ke fr:s other fur.:s 13.085 Acts.e4 tr.terest on securities 9.238 Prepaid insurance J
259.567 5.aecial cash deposit for unc141med interest 1.124 3thtr assets - unti;!ed reimbursable cost -
gate C 195.552 hierreJ charge - unanartised debt discount 22L690 ans es;er.se gggg lNJNJN!
se. not.s to financien statements.
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AMENDMENT No. 2' Hanford No. 2
\\
STATEMENT OF OPERAfl0NS PACKWOOD LAKE HYDROELECTRIC PROJECT OF WASHINGTON PUBLIC POWER SUPPLY SYSTEM
- Year ended June 30, 1968 Operating revenues (including unbilled-reimbursable cost of $262,119):--
Note C
, N;h,'is,_i;g,
$880,624 2n, Operating expenses (exclusive of provision for depreciation shown below):
Supervision and engineering i 8,992 Transmission of power 68,216
=
Maintenance 8,207 State privilege tax 6s 14,964 Miscellaneous operating. expenses 14,451 General and administrative' 45,292 160,122 720,502 Interest income ($39,535) and adjustment of carrying value of United States Govern-ment securities 42,242 762,744 Other deducf, ions:
+
Provision for depreciation ($257,111) and
~
i amortization of debt discount and expense -
Note C 262,119
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Interest on bonded debt 500.625 762.74C NET REVENUE Q,_-o _
Q$;d@Il81 J
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ap See notec to financial statements.
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.o BALA: ICE SHEET PACXEDOD LAKE HYERG ELCC1RIC PROJECT CF WAsiil:0!Ct: K!alc PGL2 E' PLY SYSID4 June 33. 1968 ASSETS LIABILITIES Hydrelectric plait and prcperties - en the Banded debt - Note Bs tasts of csst less all:wance for Packwood Lake H)dreelectric Project Revenue depreciatien of 6;.333.217 - Note C
$11.234.761 DonJs. maturing 84rch 1, 2012e Series of 1962. 3-5/85
$10.5.c oa0 Strain) isNs - consisting of United States.
- Series of 1965. 3-V45 i n fm gg3 y,;, cog Coureent securities of $6'4.943 valued at the loser of aesttized ccst or market.
Accrued laterest on bonded debt ($166.910) and and cash of 415.574 - 2:ste 8:
due other funds (payable from Bond Fund Band F6:J Reserve Ac: cunt
$502.274 Reserve Account. Bond Fund Interest Account BonJ Funa Interest Account 1M.240 670.514 and Reserve and Contingency Fund) 172.C23 Special fuds - consisting of United States Accounts payable from Construction Fund Coverr. ent securities of $294.779. valued g,5);
at tt.e lacr of = rti:cd cost or market.
Revenue Funds cash cf GNS.235. note receivatie, and Accounts payable and escrued empenses 20.501 advances to other fwnds - Kote as
.Ibe to poser purchasers H.2*L 331,755 Reserve and Contingency Fund 282.142 Construction Fund n6m3 608.930 Unc: steed interest on bonded debt 3.C81 Revenge Funas Cash 66.200 E
5,,,
United States Caver =ent securities - at the 30 lo:.er of amarti:cd cost or market 44.512 Accounts receivas:e fro:t mesber purchasers 73.734 o
Dae f rom other funds 5.133 g
Accrued interest on securities 9.231 Prepaid insurance 2.995 201.755 0
tr t
tn Special cash deposit for ut.clai ed interest 3.081 w
3ther assets - unbilled reinbassable cost - Note C 1.057.671 Deferred charge - unamortised debt discount and expense 214 3 #2 a
Ote notes to financial statements.
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AMENDMENT NO. 2 Hanford No. 2 l
(
STATEMENT OF OPERATIONS PACKWOOD, LAKE HYDROELECTRIC PROJECT OF
' WASHINGTON PUBLIC POWER SUPPLY SYSTEM
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1969 1968 Y
/j Year ended June 30.
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Operating revenues (1'ndlEdinsinnbilled reimbur-sable cost:
1969 - $261,899, 1963 - $262,119) -
$897,796 $880,624 Note C sy Operating expenses.(exclusive of provision to I'
for deprec'ntion shown below):
i F
Supervision and engineering 8,204 8,992 Transmission.of powerqr apu 67,563 68,216
- ~~'
Maintenance 16,192 8,207 State privilege taxes 14,290 14,964 Miscellaneous operating expenses 9,171 14,451 General and administrative 53.534 45,292 168,954 160,122 i
728,842 720,502
)I Interest i,ncome (1969 - $41,667; 1968 - S39,535) and adjus tment of'c'adrying value of United F
1 States Government securities 33.277 42.242 762,119 762,744 Other deductions:
Provision for depreciation (1969 - $256,891; 1968 - S257,111). and amortization of debt discount and expense - Note C 261,899 262,119 i
Interest on bonded debt 500,220 500,625 762,119 762.744
]i
/ NET REVENUE $
S h
See notes to financial statements.
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Hanf2rd No. 2 AMENDMENT NO. 2
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.1 c,- STATEMENT OF OPERATIONS
- i~
y e
1 a
s,,
g-
- l:PACITOOD LAKE IlYDR0 ELECTRIC PROJECT OF
^ -
m (WASHINGTON _ PUBLIC POWER SUPPLY SYSTEM
- d. k, 6
_., &_ fWZUfi &
w%, W.f.. Q.. khl~WN + ~ <
y
+
i M
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T A ~ :a;N,.m.; 4n g@Mn @s. >,
e Jr h %GP~M
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5.
Year ended June'30,.p. G w t
m.
m g-g g,r oy w.m. g.34.c%v,;< c 1970..
1969 ee an d u
., ~.
.m am
. w.
n,nw R w,. %, i: n 7, s+-.
- m v.
. un~
.2 t n, n2 w & n,,W W.
y, Note C % _ % $.i i
% ;C f ~,. f V 's @% 'id M Operating revenuesJ(including unbilled,reimbur E N
.c sable cost':R1970, f$25N@216;f1969 t-i$261,899) : N, +
.$853,622- $897,7961 m iu' O t
4, a
.,~e
.m r
s An,.+..,-.. : [
- r n.
... _ i i%+7
-4
- 73 w
1 s
W Operating' expenses (exclu,siveloffprovision i 4
m' for, depreciation"shown(below)J; W@q.4 i
. Supervision and' engineering?e
?'.
8,921' 8s204L.
4
.n.c
~
67,563T ~.J v
. =....
n m
66,149;.
N Transmission of: power WR h 1, 24,889 : e.e'14,290 NU e 16,192 4 p 4,
g g&"
w Maintenance..
10,883 "
State privile'ge, taxes W W
> b i
Miscellancous. operating expenses.
12,716 9,17 1 ;
fd 54.072 53,534s Z
i General and administrative' i
177,630 168,954a,e
.. SC.
a 685,992 728,8427 J
.ic-Other income:
.i I Interest income (1970 - $53,075; 1969 - $41,667)
{ b y;
.S#
A !...c and adjustment' of! carrying ~ value-of' United-s,
- 55,094 q -33,277kjgy. a Q 2 States Government
- securities. m.
. g a; w
r, 7-7'ur%
Accretion of deferred gaiC on redemption of
' 3.589 -_
NU ~ ;
,M, revenue bonds - N.ote B-
-o-
~-
58.683 33.277' '
n -
E w -
$744,675 $762,119 s M ~ O v,w-7" Other deductions:
m
. 9;g.
1 f
Provision for depreciation.(1970 '- $255,797;
'y Nr a3 a
" ^" ! <<
1969 - $256,891)' and amortization of debt
-A.. i c k, -.
d' m
m.
discount.and expense;-~ Note C fpgqv ~ L260,805-.261,899 1 e @
4'.eJ Q T 483.870 500.220 Y i - '4
+
i Interest on bonded debt' 7, VI%wh%91 744.675 762.119 [ tn. - Ms,[b
?
.jp
- w y
+
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.m SALANCE SHl'ET FACDiOOD L.%I I!TDRO El.FCTalc FROJECT OF WASHI%CTON PL3Ltc FCIA Sti' FLY SYSICI June 30, 1970 LIABILITIES ASSETS June 30; June 30, June 30, June 30s 1970 1969 1970 1969 Bonded debt - Note 3:
HyJroelectric plant and properties - en the basis PackwooJ Lake Hydroelectric Project Revenue of cost, less allouances for depreciation:
1970
$1,550,935; 1969 - $1,295,188 - Note C
$10,658.234 $10,915.015 Sands, caturing Harch I, 2012 Series of 1962, 3 5/8%
$10,018,000 $10,170,000 Serice of 1965, 3 3/44 1.2rin.000 1.?<.0,rn <e Sinking funds - consisting of twited States covern-13,288,uu0 13,370,ueJ-ment securities at the lover of anortired cost N
or marlet and accrued interest thereon: 1970 -
Doferred gain on redemption of revenue bonds -
145,591, 99,500
$660,30 t I?o9 - $630.117, cash: 1970 -
Nate B
$25,776; th9 - $42.721, and aJvance,s from or Acuwd interut on bonded debt 161,112 162.923 500,625 500,625 I
e d r.e ve I n
161,139 162,93' g,
tonJ Fund Interest Account 24 J54 175. P send FunJ Retirement Account 666,038 7v9,165 7
g
.g Special fueds - consistir.g of t'nited States covern-M,70s 55,ug cent securities at cl.e toi.er of mortireJ cost be M ar Purchasers or raries cni accrucJ interest thereon: 1970 3 3 *6W e6,lto g
$269,243: 1969 - $350.967, cash: 1970 - $3,586; 1969 - $27,631, note receivable, and advances Unclained interest on bonded debt 2,446 2e030 O
f rm or to other funds - Note B:
g Ut Ressrve and Contingency Fund 280,000 280,000 y
-o-1 *MG 280,000 231,0W g
Constructien rund Y
W Revenue Fund:
14,548 1,746 N
Cash t'nited States Coverneent securities - at the lover et amortised cost or narket and accrued interest 47,525 83,766 thereon Accounts receivable f rom s' ember purchasers 95,363 99,767 hte receivable and accrued interest thereon 4,065 5,025 31,393 9,211 nia fre : other funds 1J45
-o-FrepaiJ insurance 192.8n 204,160 other asset - utbilled reimbursabic cost - Note *C 1.576,785 1,319,569 pef ired charges -enanortised debt discount and 208,666 213,674 espense 7.446
?.030 Special cash deposit for uncialmed interest 113Je3 E e 913. 7 51. f43 1113 M E M $111' M See notes to financial stateuents.
21
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_ y MWFM.@%@ STATEMENT > 0F OPERATIONS J
~
< j. bfWQ +;;;&Q&lM 't,
n jhplq $
- }
- 4 ;g.F 4 q PACKWOODiLAKEilIYDR0 ELECTRIC PROJECT OF c_W,.Jy a
%o aQ)h;O,N.@y w~. /-Q;#g. N w WASI11,NGTON;P,UBLIC, POWER-S.UPPLY, SYSTEM:
- j. -
h.c.yr.
a h
'^'" g'4e-3 % n. m'h n. y*7 ; _
w 4.T' V.;+'f N'
.V s N,.,' y$
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a i
g mc 9,97 0 g.,, m. n w M M,M MhMh.
1 1971 m v.a w -.. p%,hja.n,:ww%..b.
,, ~
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x.
p* w, zgsm. y y, s 'y
, y, y _ w1 W :y#n, :. c egym
. s:,. m mw m-- s
-m Operating revenu:v:. w(including unbilled pe% _
8 est M'"b'WM,N Qm reimbursable cos.c..M. 1eote Cg,4257,055$N T ' ',s
- 1971?M
)
4 t
.m
$863,622j&e%]W$
_$,n.
m _.m o m
$856,328 1970 -1$257,216)4 ~
Q.g@ vQ jT.
g
, : n. z wsm:nne
. w m
.g wa. ::m.. a - v a
- =
MMQ3 Operating: expensesc,(exclusive; of! provisionW ',
,7, ',
a j b.d.x %. W for deprecia. tion?sh..own(.below): Q. e o.
f u.s
,m m,
66,14959;%.QQ bu *
~8,921 m.
s, u
~ 8,98/1 Supervisi.,..on and: engineering?,
Transmission,of; power Q g g( P t f M,s" W WAdNmMW *gy ggg
'.A m g,c n65,434
.,s 36,851
-24 889 M 9 9 %
0~
Maintenance 12,341 10,883:
g p.
n State privilege. taxes
~ AW g,
s
.. d 14,190<
,12,716(Q Miscellaneous operating expenses}p 4
62.541 54.072 E,~w,
,i s J General and administrati,ve a m u,-.e a
.- ~.-
.;u V '-
200.344 177,630r g y /s j gw,; ' pcy j (
655,984 685,992b
-)
Other incope.:~. a,; S
,1. o ' es. cs..
a.
n
- ., M h M p.,d/MM,
.u -
s Interesc. income;.(1971r-<$63,905;'1970 V,$53,075)' %
4e'*
and a, d ju s tme n,t Ko fic arrying ;v.alve.fo f United ;.
d_ u~. 3 -;.i
,v %,,M_,...S. %Ma eb %c %,
s f
~ 55,094{.
t
'N
~. "83,145c~ ~
States GovernmentJsecurities!
s ";
1 4
?
7 Accretion of de' erred gain on redemption of revenue bbndsl.-iNote.B y-g ~,
- y,"
'3;749'~
' 3.589 b,,
' N.
,a 744,675 W [;
58,683' 86.894 D.mm[y,,r.m :742,878 A
m%%,Zs Other deductiohs: N..Q$. $_N; M-,-
m
$ $ M %JM M "6 3@p..
4 % n
' 7w i ~m,. -.
M' Provision for. depreciation (1971 $ $255,796; IW '. 7 OMM 1970 - $25,5,797)(and amortization of debt 3 M M M E260.804f( 260,805 L L,, O i,i.
discount andfexpense f Not.e C.
Interest on b,onded..?debtL. M %.,a;.
pep g b y 48210 W ~ tB3.870:k N
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Iata::CE SHEET FAC"tPOD B AKE HYDRO EIECTRIC PROVECT OF WASHIM10% F1'Et.lc rohr:a StiPPLY SYSTr3 ASSETS LIAstLITIES M e 33-
. fun.50 1974 1970 ltydrcelectric plant and properties - en the basis sonded debt - kee 3:
1971 1970 of cost. less allowances for depreciation:
Fa kwod I.ake Hydro +1ectric Project Revenue Sands.
1971 - $1.806.751; 1970 - $1.550.965 - r.ote C
$10.402.438 $10.658.234 suturing March I. 2012r Series of 1962. 3 5/81 g 9,963.CM $10.018,000 sinkina, funJs - cens1 sting of L?nited States Covernment Series of 1965. 3 3/41 1.2TFJ d2Arg s
securities at the lower of amortired cost or market 3 3. l bl.f60. 13.214.000 and accrucJ interest tl.ercen: 1971 - $666.310; 1970 - 5660.302; cash: 1971 - $24.562; poterred gain on redemption of revenue bonds. Este 8 155.062 145,591 1970 - $25.776, and advances from or to other funds :: ate 8:
Accrued interest on bonded debt 160.157 161.182 -
BoaJ thut Reservo Acccunt 500,625 500.625 Rand rund Interest Account 160.f43 161.139 3ecenue runds Bond JunJ Katire:wnt Account 474 2'.
2_54 Acccunts payable and amounts due other funds 37.723 51.191 661.732 466.014 Due power purchasers yG 28 d'5 4
Reserve and Contingency Fund - consisting of United g gg,.s36 77,8 States Covern-ent securities at the lower of azortised cost or Parket and accrued interest Unclained interest on bonded debt
.2.175 2.f.46 t' creon: le71. S290,%2; 1970 - f269.2'.3. cas h:
o 1974. $1.250; 1970 - 53.566, and advuces from or to other funds. Na a S 280.000 280.000 Hi 3C) o.
- p Revenue rund:
QL LA Ca s's 27.716 14.548 tinttcJ States Covern: rent securit ics - at the lower of g
.g g
azarti:eJ cost or market and accrucJ Interest thereon 40.082 47.525 H
Accoants receivable free ac=Ser purciusers 99.730 95.388 H
Lte receivabic and accrued interest thereon 3.125 4.06%
N Due fr.wi other funJs 50.8 %
31.393 Frepaid insurance 3,413
-o.
224.9M 192.d/9 other asset - unhilled rei=bursable ecst - Note C l.833.840 3.576.785 Deferred chenges. unaz.ortised debt disc'ount ar.d expense 233.659 204.64.6 Special cesh deposit for unclaised interest 2.175 2.&L A 111.50r'd.2 1.W_nMd 13,ly3g gijyj.3 See notes to finanetal statement s. / (/
C' I
N 1
5 AMENDIGENT Nok?:2 @[,n Hanfckd No. 2
-*!s
't
.g
~
_ q y
s y
n k
- g
? STATEMENT OF OFERATIONS
-a.
"HANFORD PROJECT OF
- WASHINGTON PUBLIC POWER SUPPLY SYSTEM
+ 7, A 3, &...g
. s 1
-~ - =,
s._,
3
. ww.
Elrom. November l30,.1966 to August 31, 1967
)
n 3-
~933;;
.O
^
T
+,i 2 :z.
, r C-
^
6 s
'I. - '....
......;s
,g
.I.~
,D'#
$6,863,358h & F Opsrating'revenuesJ 'NotejD j f-f. @ " h
~
.a
.g.e m
Oparating experis'es"(exclusiveEof ? provision + @
' AW for depreciation 1shown below): % ~ +,
.$ 435,088
+ fJ s
Power production)<
' 'h.M;M '
4...-
278,166-T-
t' P +J -
Maintenance -
^...^
'..~N, 243,949 Mi-cellaneous....
o a
.. +,.
General and. administratively f " 7 282.712 i.2N.915-c,..
Interest'ihcome frorniUnited States Govern..
5.623,443 m
~ 3y 5
-ment' securities ; s.g i W h o -.
W A ]ff
~%
Septeraber' 1,1966/ o November'30F1966 - Note D '.
102,169 n
t i
December 1, 1966 to August;31,.1967 405,875 508,044-Other deductions:
.y.
6,131,487 y
Interest on bonded debte "G
s
' ')
Septeuber 1, '1966 to November 30,- 1966 - Note D 951,725 Deceaber 1, 1966 to August 31, 1967 2.855.175 1
p - yjgggg w.
3,806,900
, f ;g3; x
Provisi[in for depreciation;and amortization a @~ ?
~
of'utilityhlantanddebi' dis' count and expense
. _ 1 2,086,658 b
Write-down of United States Government securities
~
to the. lower of amortized]costfor market J 237.929 6.131.487 7~
g U "_
- y NETREVENUES(.....o....n,
+
u jx;
- . y Y.
t g.w g-
,, y :-
w:.: :(;
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s
. m7 j&
See notes to' financialistatement4DA >
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7
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m c-BALANCE SHEET HANFORD PRO JECT OF NASHINGTON PUBLIC PO;;ER SUPPLY SYSTEM August 31. 1967 ASSETS LIABILITIES Ct!!!ty Plant - on the basis of cost - Note Be Hanford Project Electric Revenue Sonds.
E!1ctric generatten facilities. less allowance Series of 3%3. 2.4% to 3.25% due f1r depreciation of $1.6's2.0(4
$65.424.458 Septemr t.1967 through 1986 Modifications and additions to f acilities owned except $62.410.000 due September 1 by th Jatted States Goverreent, necessary 19% less art.vArebonds of $3.310.000
$118.690.0%
ta Project operattan, less allomance for shown below - Note G amaatIaat1c,n of 8E1.871 12.445.683 Consttuction Funda
^
Atiar.ces to Guvert: -nt agencies for
$ 278.C83 Accounts payable
.\\
618.151 896.431 caststructiorn mork 257.854 $ 18.127.995 Amounts withheld free contractors Str.kinj fur.ds - consistir 3 of United States Govern.
Unearned revenues - Note D 1.223.342 ment securities at the toeer of ae.ortised cost cr market aM accr.+1 1*.terest thereon.
Revenue Funds
$).'Jd6.01(,.no cash of 3 M.841. less amounts Accouts payable. 456.04), and amounts 3
due other finds - :hte Cs Le other funds 63.533 I
Bund Fund Reserve Account 3.806.900 Due pc er purchasers Md 1.395.(61 m
"1r:lL". #!"Cn::a
- M 3.
s 3.310.e::
8 ai>a e5Pt-2.**7 I
I' 3'
S ecial f unds - consistin) of United States Govern.
s.cnt sc.usitles at the 16ser of amortized sost Clatas and.coruitments - Notes B and E
{
er minket and accr'.ed taterest thereon.
$X.*/f//.531, cash of 273.'sFA and advances free 2
es to other funJt 14:e Ce Construct 16n Fur.d Aucunt
- 31.308.378 C
R-se rve.s.d Cc.nttroency Fund 2.500.000 to Stvan Payment Fund 116.856 33.925.234 Def erred char 2e - una.ortlaed debt discount arrJ.sp ace 2.811.879 tevenue Funds C.th 65.022 United States Goverraent securities - at the
/
le=er of amortised cost or market and acesued interett thereon 1.744.284 Due fres ett.or funds 1.132.285 Inver.ti,ris. - at cost 203.227 Prepaid insur.nce 217.7M 3.442.557
'g Speciti ca h deposits - h te Ce til Ltured interu t 1.903.835.
2 bor.J reJei.ption L110.rc0 ' 5.211.915 mm.m usum
%~&
b
,d 4y See notes to financ141 statements.
N
Hanfsrd No. 2 m m no. 2;
. :(
1a-
)
STATEMENT OF OPERATIONS 1
HANf0RD PROJECT OF WASHINGTON PUBLIC POWER SUPPLY SYSTEM t
+
- bA -
............................ - - = = = = = = = = = = = = = - - - - - - - - - - - - - - - - - - - - - -
Year Ended Nine. Month' August 31 Period Ended -
1968
- August 31, 19671 ey 4
y Operating revenues y Note Di
$6,655,407
$6',863,358 rE Operating e' penses (exclusive of provision,
x for depreciation shown'below):
Power prodoction 503,639 435,088_
j Maintenance 414,825 278,166'-
~
- r Miscellaneous 258,572 243,949 E
General and administrative 471.657 282.712
,,?u 1.648.693 1.239.915 5,006,714 5,623,443 Other income Interest income-from. United States Government securities 570,221 508,044, Write-up (down) of United States Government s tr ~ '
,,, 3 securities to the lower of amortized
'1
' cost *r market o
87.553 (237.929)1 Y $; E.i 657.774 270.115 3 y cj,;,, -
5,664,488 5,893,558 Other deductions -
Interest on bonded debt -
2,946,002 3,806,900 Provision for depreciation and amortization of utility plant.
2,723,128 2,013,937 N Amortization of debt discount and expense 82,456, 72,721 Gain on redemption of Project revenue bonds - hoto C (87.098) 5.664.488-5.893.558-NET REVENUES g,,(,g __f;',.
~
u.
see notes to financial statements..
F Q.15.1-1
e m
.tEET HArtiCR3 PA) JECT CF uAsil2tGIc: PJi?:C IWk :;UFPLY SYSitM
+
August 31, 19fA
- -.. - -. = * = = = = = = - =.
August 31 August 31 August 31 Apyust 33 ASSETS 1968 1967 LIABILIT!IS 3H4 39c7 Et111ty plant ard improvements - en the basis Hanford Project Electric Revenue Bonds.
of cost Kate Bs Series of 1963, 2.4% to 3.25% due in varying annual 4.ounts through 1986, escept $35.773.000 E!ectric generattan factittles. less allowance for depreciation 1968 - 83.956.945s 1967 -
due Septes.t.er 1.1%6. tess natured bonds
$1.s2.oc6 6 64.120.o46 6 65.424.458 shown ties w - note C 6 s7.675.u$ 6:
18.693.000 8:sd!!! cations and additions 13 facilities owned by Dsferred credits and advancess the United States Government, necessary to a)ef erred gain en redetption of project.
Project cperation. less allowance for amort 12ations revenue konds - Note C 3,f23,47) 19ua - 5743.123s 1967 - 8321,871 13.431.601 12.445.683 unearned revenues - Note D 2,37j,g%
1.223. M Advances to Gsverreent agencies for construction work SS.M4 2 23.W 7 Advances f rom power purchasers - Note 3 tgen 77.610.336 78.109.C38 6.W/. 67 1.223.342 Sink;r3 !.cds - consisting of United States Coverment Construction Funds securities at tha lower of amortised cost or Accounts payable 745,5/4 278.080 earket and a:craed interest theresna 1968 -
Anounts withheld f ree contractors L(/f' r,r s s.,
.:.332.n.N; 1%7 - 33.926.316 and cash: 1968 -
S k3.332; 1967 - 331.841 less amounts due other sevenue funds 8.'; T J R i b ount A"-"Pei
~ - "*
ta-'--
m.m m.n6 3.806.9m 3.836 Ba.d Tved Retirement Account 72 P' '
Md MEM Special feds '- consisting of United States Govern.
"' *"IO" " ~
- J1 and 1 4.M.W 3.310M
_g cent, securities at the tower of amortized cost cr marlet aM accrued interest thereons 1968 -
8satured interest on bonded debt 1,yy2,$y, 3,903,335 m
e 87.93.143; 1967 - 334.769.131. cash 1968 -
0 Ut fos 3.0 2; 1967 - 473.999, and advances f rom er k
oensitments - Note 3 to other funds - Note Cs C
Y Canstruction Fund Account 6.894.516 31.465.050
- g M
Reserve and Conttrgency Fund 2.533.003 2.'A3.G33 U'
Stear Papent Fund 207. 0 2 11 A.e%
9.632,448 34.W1.%o M
Deferred charge - unamartized debt discount and empense 2.105.693 2.811.87)
I Ravenue Funds
{
Cash 1.212.232 65.022 United States Goverrament securities - at the lower of l
amartizeJ cost or market and accrued interest thereon 1.005.833 1.744.284 3
Due f roa other funds and other receivables 1.521.663 1.132.235 Inver.tsries - at cost 196.7)5 233.227 f
Prepaid insurance and other expenses Ltt 331 114.(d ' I 4.378.186 3.461.464 i
Special cash deposits - Note C:
StatureJ interest 1.37J,059 1.903.815 Bond rederption 7 L.175 ?M
- 1. MC M
$.747.053 S.213.E15 l}N. Dab}.NJM4b See r.otes to financial statements.
Certain amounts for 1%7 have been reclassified on a basis consistent with 1968.
5 N
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_HANFOR6' PROJECT OF A
4 -
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', I WASHINGTON PUBLIC POWER SUPPLY SYSTEM
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- Year: En.,de'd @:..;.
y o s..
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m;yg e. cM,i(;%,g e g s :,.,
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August 31 cAuguett31 j
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4
- .1968 i ?,MID
^
1969 1
cc,
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- 1. }@.Qfyydyt ;fCy y:p. c z
_ _ q ga Jfp fff?f:q Operating revenuesE,. Note-D(,y fs;.
j g.4 y. $.
-3s
'$6,901,148?. $6,.655,4071 b W=
wn, a
... f ;. -
..m m.- ~
+
m l Opsrating expenses ] exclusive of_. provision '
t i
~i 6,6 4,, tt for d epreclation shown below) A,.W. 0;
'y
<< s f
Powsr production.
'N
' 'M i P,, ',' '.
858,631:
503",639- ' W, Y
W,-
- 313,094 414,825
.=,.
Maintenance 2
i; Cenaralandadministrativey.4.$4[.
Miscellaneous
._ %.7 m i..
215,558 253,5 72 L fD
-y 500,368 471,657,
, wrW y..
1,
.. ;f# L J i M.,. '.O. x 1,887,651' 1,648,e93 /. F,,
m m
^
5,013,497 5,006,714 1
k
! Other income.
's' u
Interest income from United Stateel
' *~
'l p - -
I covernment securities.
jm 633,730'
~ 570','221T ' 3 Cain on redemption of Project revenue bsnds - Note C D
129,339 87,00M
)
~
- ., a g5,776,566, 5,664,033 l--
I.
4 cly g-w M'-
, ?.
o
. *T
^
Other deductibns:
Yn r
2)94[,'002 bib Interest on bonded d d h..-N M d.7.E di ? *
$s '
< $ 2,63N500 1
_' i Provision for depreciation and amortizationi A ?.4 o
of utility plant -
..M.
1-5 es
- 2,773,723 2,723,128 L
write-down (up) of: United States Governmentp -
, l
- y' x
~
..'.la
<(87,55$)!ji6 securities to.the lo,wer,off amortized 1.
,. m c'
a cost or market f,,.i.J m 1290,140..
Amortization' of, debt discount and; expense.,
s l,, gg.
,e e
E 5,664,03Md.~ [
^"~
f.
/75,203 8 2,4 5 6 4.,~. '.
. u..
+ ~ ;r,
S7..RJ tv 5.776,566-w ^
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EAIJ.4 E SitEEf NAur0RD PRO JCCT OF tatsulsCTcn tcsLIC r0L.T.R SurrLY SYSTCt Augues
't. 1969 i
AuCust 31.
August 31 August 31 Augu t 31 LIAllLITIES 1969 1968 ASSETS 1969 1968 Ctility plant and improvtsents = on the basis
""Sutes of M63. 2.4 to 3.'"R due la varying 2
of cost - Tote 8-I Electric gereration facilities, less allowance for depreciation: 1969 - $6.249.417 1968 -
shown below - ra'te C '
$43.020.000 $ 87.67% 000 g3.956.945
$61.974.332 $ 64.120.066 Deferred credits and advances:
Pfodificattoos and additions to facilities owned by Deferred F.ain on rederption of project the United States Coversuneet, accessary to revenue bonds - Fote C 3,492.140 3.621.479 Froject operation, less allowance for amortisattes:
Unearmei revenues - liete D 4 Alb 768 2.8 79g4 1969 - $1.!st.372; 1968 - $780.120 13.020.867 13.431.601 8.307,40d 6 Mt.33
^
i Advances to Covern: eac agencies for construction work 40.505 59.659 l
75.035.704 77.610.304 Stean raywent rund - advances from power Staking funds - consisting of L'atted States Covernment puret.a sers - f:ste 8 132,830 107,832 securities at the lower of amortized cost or market and accrued interest thereon: 1969 - $3.873.733; Construerten Fund:
le S.- $4.032.936 ar.J cash: 1969 - $303; 1968 -
, Accounts payable 83.386 745.St,4 u
l
$120.892 less amounts due other funds - Note C:
Amounts witt. held f rom contractors
%nl23 9h A6%,
t BonJ ruaJ Reserve Account 3.804.900 3.806.900 133.CGJ
- 4L.229 f
Bond Fund Retirc ent Account 72 72 Sevenue Fundt 3.806.972 3.80s.972 Accocats payeble and annuata due other funds 256.990 294.563 5pecial* funds - consistics of United States Coverruent Dae power purchasers 899.144 7.0 %CA1 securities at the lower of amortised cost or market 1.1%.834 2.3so.ta aaJ acerved interest thereoa: 1969 - $d.403.651; O
1965 - 59.M9.163, cash: 1969 - $1,327,351; 1965 -
Natured bonds - due September 1,1969 ~~
~
pj P
$650.602, and advances fras or to other funds -
and 1908 N
4.655.000 4.375.000 pe h
Este C:
i 1.320,075 1.372.059 0
g 9
Construction 7bnd Account 5.988.154 - 6.894.596 l Matured interest on bonded debt Reserve and Contingency Fund 2.500.000 2.500.000 Steam Fayment Fund 2 Dd30 767.*12 /
y 8.710.964 9.602.428i Deferred charge - unamartised debt discount and empense 2.030.487 2.105.690 i Com:siements and contingent liability -
Resenue rund:
Notes 3 and E 1.212.202{
Cash 454.052 United States Covernment securities - at the lower of amortised cost or carhet and accrued laterest i
thereon 983.584 1.005.833 \\
Due frcn other funds and other receivables 1.287.668 1.521,663 g
Invcatories - at cost 235.050 196.795
)
Frepaid insurance and other espeases 194.780 441. M3 3.156.134 4.374 le6 Special cash deposits - Note Cs 4
r.atured interest 1.320.075 1.372.059
/
Eend redcaption 4.*M 033 4.375.C4 -
t*75.n75
- 5. 74 7.nu sea.nuu stes.2s0_sti see notes to. financial stateneet.
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Year Ended Year' Ended i M g,N g ':q;hgg$@:w:.: ww%j!,@p.s S gMd 4M 4
Auguse 31,
' August 31; ' '
,~
gg@$M hd bN2 1970 1969 dR
{
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OpsratingrevenuesjBete,.Spg;/h.@~;.g&;:;V,Q',,;;,
u s..q;_jw q g. gK,6 # q Q.f
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$ 6,307,267
$6,901jl481l,[~c]qz:t g
.n n.p,a., m_.3.
.w a,,a,,.
- ;., p v.+-
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oparating"expenseR.(exclusivecof perovision NV
-(
+
)
for depreciaticay.shown below): W,~. 7 4
' ME m -
903,434 1,074,189 '
~
j P:ver production and tramasaissionM g,n,',,
360,984 313,094:
+.
cC% @4!1N A 1, W Maintenance m ex.
M 5,.J n,.
556,812 500,368 '
ceneral:and ladmini'strative.4m e%.StateotaxesY-Note'F.:
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90.094
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<h 1.911.324 1.887.651. H C F
+4 wwyf 2 p=
v.g w.. c.. - w < ~ 's 4,395,943 5,013,497 o
s c<
Other income:
- w'/i:
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i
.. -# 'i &*
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7
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+
u s' r l
Interest income from United.' States.
I y. s.
i covernment: securities JPE.
_~
697,116 633,730<,
1 l
Accretion of gain on redemption..of l
ProjectrevenuelbondsN'NotsCJ 129,339 129,339iT'
)
J Nat writeaup (down).of Ubited States y 7
3 f 3. c,4 t
3 covernment sec,urit,ies:to..the lover,m,i,e'
~ e" a -
m
~ 158.422 (290.140) ~,
w of. amortised ~ cost:or: market &~ W - ' -
q,v y m j g yjvi2 984.877 472.929-l
{ %.Upg.jp g ',
- 5,380,820 5,486,426-54 Othar deductions f.+ + e m -
4 m
.s
- 1 1
y O.
)
Interest on bonded debt'SIj.M V i. '
'2,525,780' 2,637,500,
') '
{
Provision 1 for. depreciation and amortization N,y y
o, v_
of utility plant er;., y <,1 i -
J
'2,779,837 2,773,723.
]J Amortination of debt discount;andfexpense -
.j
'75.203 75.203."
4 U N " M 5 M.;
2,.
J M.* j ' 5.380.820-5.486.426.
i
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See potes to' financial statements.
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Certain amounts for 1969.have been reclassified to conform
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MART (C Fac t*C7 0F WA51115CTO1. FCELIC Pata SUFFLY SYS7DS August 3I Augus,,t 31 A"E"8E II A"E"8E II LIABILITits g,
l,4, 1970 196g ASSETS Ranford Freject Electric Bevenue goods, l
Series of 1963, 2.4% to 3.257 due in varytag Utility plant and taprovements. en the basis mana,al a aunts thrcurja 3%!.6,escept i
of seat. Eere 3:
$h,770,0C0 due 5='Pt,reer 1,1996, lese Electric geseraties facilities, less allcwwe matured bends sh.wa below. Note C
$78,145,000 $43,020,000 l
fer depreciation: 1970 - 55,544,899; 1969 -
$59,471,372 $41,974,332 Deferred credits anJ advwes:
I
$6,219,417 Modificattens and addittens to factitties suned by Deferred r,ain en redeepegen of project revenue bonds - Kate C 3,362,80,2
,3*4,92 140 the Faited $sstes Coverneest, necessary go i
,p y g
Project cperation, less allevance for amerttaaties:
12,673,772 13.020,667 Unearned revenues. pote n
' 3.127,h4 8,4u7,6be 1970. $1,745,727: 1969
$1,265,372 ss 9s7 s.n. sos Advances to Covernment ageactes for construction work 72,2%,1M 75,0M,7G4 Steare FSyment Fund - advances from power purchasers - sete a 499,497 332,830 31 skies tuaJs - coasistias of catted statae Covernesas m
securantes at the louer of amerttred cost er C m truction Fund:
1970
- market red accrued taccrest theream:
Accounts payable
$4,167,ho; 1969
$3,873.733, and cash: 1970
- As.vounts withheld free centractors M "I "M
$175,7% ; 1949 - $333, less amounts due other 146,123 3 33,wt funds. Eete C:
3,506,900 3,806.900 teed Fund !!eserve Account 72 72 sevenue Fund:
p%[990 2%
Accounts payatte sad amounts due other funds 339,070 Sand Fund'2etirencat Account 3,806,972 3,406,972 t t.4 Due power purchasers
~1.121.553 le h0,623 3,3 %,3je Special funds = c v isttag of Umsted States covernesat securitics at the los:er of amertised cast er statured bands - due Septecher 1,1970 g
'*475,000 4,6H,000 1970 r and 1969 market a d accrued laterest therece:
1970 30
$9,0c9,527; 19.9 - $5.603,651, cash:
$1,455,321; 1969 - $1.327,351, account recetwable:
Natured laterest en bonded debt 1,263, W 3,320.075 m
O p
1974 - $49,895, and advances from er to othes h
ue toads - 3ete C:
6,052,704 5,958,154 Constructtee Fund.tecount 2,500,000 2,%C.G g
h Reserve asd Cantingency Fund M9.497 WD Commitments. Notes B and E.
Satan Pay =est Fund
,,m.m
.. m.,.
90 3,955.254 2,030,457 M
Deferred charge. umanorttaed debt discount and expense f
l sevenue rued:
92,374 454,052 Cash tatted States Co-eraneet securities. at the lower
}
of amertized cost er earhet and accrued laterest 1,011.457 983,58' O.e f rz2 eti,er funds and other receivables 223,145 ~ 1.2S7.66f thereen 2,0C4,652 235,0H Investeries - at cost
??) 915 19b7'I Prepaid insurance and other expensee 3,%0.623 3.15o,148 Special cash deynstte. Este C:
1,263,598 1,320.07:
' SW sutered laterest
_4 875M l
Send rede=pttee 6.i. su s.v n..a
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s Operating revenues 9,y: Notes 43 a.n.d. D y v;' 4 A,
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fo r d e p recia tion i showni below) :l% & (J-3,212,334
-e-; ' i7.NE 4
I
.- Note'B M ; W Reactor-availability $ransind seione C '
1,152,020 903,434c $ f Q
, =360,984[
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Power production and h
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293,292 Maintenance Ceneral and adminiserativeT E n %,ih ' ~
627,275 556,812 z 4 DQ
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State taxes NoteDF(, j/l.t $p[.,
24,877 1,911,324 * ]Y ?%Q
' 90.094 W j
5,309,798 4,215,894 4,395,943 I
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~
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129,339 M,4', W,,#
Accretion of-gain on redemption:of 6
D' Project' revenue bonds N Note CY Net write-up of Unit'edI8tates Government *~
129,339-h $cWhhE f f
i securities to the' lower of amortised; G m;.,,:;"
261.203 158,4227 ~ IQ _
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984.877 4;f :gE.
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Other deductions:
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Interest on bondod, debt o yl7 pw '9.
,w f2,403,905 2,5'5,7809;'4":34 Provision for depreciation and enortisation 1f
.,. ' J q
,m of utility plantE
% J @ ";
.) fQMZ ' : 2,779,013~
2,779,837Q:.jg
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SALAMCE $nLE2 ILu1DRS PROJECf or L'ASHIECT011 FL;RLIC PO*73 SUtrLY SYSTCt August 31 August 31 August 31 August 31 LIABILITif.S 1971 1970 ASSETS 1971 1970 Ctllity plant and laprovesents - en the basis Hanford Project Electric Revenue ponds.
Series of 1941, 2.4 to 3.25; due la verytag si cost - Note a:
annual a:wn's throur.h 1966, except Elastrir generation facilities, lose allowance for depreciation; 1971 - 510,836,377; 1970 - $8,544,899
$57,366,333 $59,471,372
$35,770,000 duc septe-+er I,1996, less matured bonds aboni b,ow - Este C
$73,010,000 $70,145,g00 Hodtitcations and additions *e factitties owned by the limiteJ States Goveraxent, necessary to Project DeferreJ -redit s anJ advances:.
operation, less alto. nce for certtaation:
1978 - $2,233,262; 1970 - $1,745,727 12,192,652 12,673,7?2 Deferred gain on redemption of project 3,233,464 3,362,402 17.247 _ 58.967 revenue bomJe - Este C 69,451,252 72,204,134 Onearned revenues - Este D 9,374,649 6,964,546 ^
Advances to Covernment agencies for construct 1aa work Advances frer, power purchasers for sacrease in workiva capital 1.000,000
-e-Sinklag and special fu >f s - coastating of United Statee 13,60s,153 10,33; A s Cove rr.nent securities at the lever of enorttred cost er steam rayrcr.t rund - advances from power market anJ accrued laterest thercos: 1971 - $11,708,5761 732,333 499,497 1970 - $13,196,$37, and cash: 1971 - $234,104; pucci,asere - Este 3 1970 - $1,6ut ll7, account receivable: 1978 - $30,471; 1970 - $49.894, and advances from er to other Construction funds Accounts ray 4ble 33,472 32,8 M feaJs - ;ote C:
Amounts uitt. held f rcus contracters 317,324_
333,537 150,656 440,so Sick n et fur.Js:
3,806.900 3,806,900 g -
Scad F6aJ Reserve Account 72 72 O
Bond Tund Retirement Account 3,806,972 3,806.972 nevenue Fundt Accounts payable and amounts due other funds 216,87,2 239,0,70 h.-
303,35 3 7b,g g Special funds:
6,031,504 6,052,704 Due to power purchasets 33,,y3g 3,ygg y,
Construction Fund Accour.t 418,466 2,500,000 O
Reserve anJ Cua:1 agency Fund ps?
%99 La7 T8.833 G1 9.157.2 S Mesured bonds - due Septsaber 1,1971 Steam tapest rund and 1970 5,135,000 4,875,000 M
80 11,139,775 12,959,133 lestured latetest en bor.ded debt 1,201.953 1,263,598 '
.It sevenue Fund; 271,771 92,374
(
8" Cash l
[
catted s ases cover==.ent securities - et the lover af 4.,.orttaed cost er market and Casantaments - Notes 3 and E p
1,757,854 1,011*457 accrued laterest thereoa Lue frca ether fumJs and other receivables 962,843 2,004,652 218,369 228,145 laventaries - at cost 107.894 223.995 Frepaid inaurance and other empenses 3,318,731 3,560,623 f
Special cash deposits - mote C:
5,135,000 4.875,000 I
Lud reds:vaion 1.2ml.9%J 1.241.198 Mat 6 red laterest 6.336,953 6.138.594 l
Other asset - umbilled reimbursable cost - liste 3 2,041,534
-e.
c 1
1.840.001 1.945.235 DeferreJ charge
.manorttreJ debt discount and expense g4gg ga,tg 5
194.?97.124 99A 917 a19 See mates to flaancial statement s.
M
(
Hanf:rd No. 2 AMENDMENT NO. 2
' QI'ZSTION 15.2 (Jan. 20, 1972)
Provide evidence as to (1) the authority upon which WPPSS relies for its issuance of bonds (or long-term financing) for this project, (2) the authorizations required for issuance of these bonds, (3) whether the authorizations have been obtained, (4) existing assurance and indications that the necessary authorizations can be obtained, (5) whether voter approval is necessary to issue the bonds, and (6) any formalities to be completed before the bonds will be ready for issue.
ANSWER 15.2(1) Authority to Issue Bonds:
Washington Public Power Suppiy System is a municipal corporation of the State of Washington. The authority of the Supply System to issue bonds was originally granted by the Washington State Legislature pursuant to Chapter 295, 56, laws of 1957, and further, pursuant to Chapter 8, 343.52.3341, laws of 1965. The specific provision authorizing the issuance of such bond is found in the Revised Code of Washington 43.52.3441, which reads as follows:
" Revenue' Bonds or Warrants. For the purposes provided
\\
(,
in this chapter, an operating agency shall have power to issue revenue bonds or warrants payable from the revenues of the utility properties operated by it.
f Whenever the Board of a joint operating agency shall deem it advisable to issue"~Tonds or warrants to con-struct or acquire any public utility or works, plants or facilities or any additions or betterments thereto or extensions thereof it shall provide therefor by resolution, which shall specify and adopt the system t
or plan proposed and declare the estimated cost thereof as near as may be.
Such cost may include funds for working capital, for payment of expenses incurred in the acquisition or construction of the utility and for rep %ae D r advances mTdi to the operating agency by any public utility district or city."
1 15.2 (2) Authorizations for Issuing Bonds i
As previously indicated in the Revised Code of Washington State, (RCW 43.52.3411), the Board of a joint operating agency is authorized to issue revenue bonds and is directed by law to " provide therefor, by
~
- _ resolution, which sh gaspeci,fyfand adopt the system or plan 3roissed j "and declare the estimated cost thereof as near as ma L e".
On December 4, g
~ b 1970, thTB6a'rd~ol birectors of'Waishfngt'o'n PubliFPower Supply System l
adopted Resolution No. 537 entitled, "A Resolution Providing a Plan a W System f~r the Acquisition and Construction by Washington Public o
[
Power Supply System of a Utility System Constituting the Washington Public
\\
Power Supply System Nuclear Project No. 2, and Providing for the Issuance Q.15.2-1 M)
)
(
AMENDPENT NO. 2 Hanferd No. 2
(
f of Revenue y s for said Purposes". By this resolution the Board of
.}
Directors authorized the issuance and sale of $15,000,000 in revenue notes, f dated Ianuary 1,1971, and to be redeemed and paid prior to.Tuly 1,1974.
whPriortothecommencementofconstruction, the Supply System will issue additional revenue [bondsjto finance all or a portion of the costs of the construction of the Proj'hct.,
This authorization will be by resolution which will specify and adopt the system and plan for undertaking the
!lProJect.
7.In addition, the Supply System is required by Washington law (RCW 43.52.360)
I to obtain the approval of the legislative bodies of a majority of the c
members thereof. Prior.to the a4ption of Resolution No. 537, the Supply
^
System obtained the formal approval of the legislative bodies of all of its members.
15.2(3) Status of Authorizations g As indicated in the previous response, the Supply System has obtained the authorization of all.of its members to undertake the Project, as required i by law.
Further, the supply System, through its Board of Directors, has p
[ adopted a plan and system resolution authorizing the issuance of the
$15,000,000 in revenue. notes. [No authorization] has yet been obtained in v
the form of an appropriate (resolution Ifnr the issuance and sale of addi_-
g al revenue bonos to r1 nance the construction of the Project. Tnis step will be taken subsequent to the issuance by the Atomic Energy Commis-sion of a Construction Permit and prior to t".e conuencement of construction I
of the Project.
')
s 15.2(4) Indications that Authorie. : ens can be Obtained On January 4,1971, the Supply Syutem entered into an agreement with 95 consumer owned utilities in the Pacific Northwest region. These agreements
' designated " Net Billing Agreements" provide the details of marketing and financing arrangements for the Project. A copy of a Net Billing Agreement
~~~ ~ ' j[is set forth in the Official Statement (Schedule I) which is contained in
} the supply System's application for a construction Permit.
Pursuant to
,1 the arrangements described in these agreements and, based on the covenants contained therein, no additiorlal assurances are required for the issuance of construction finang revenue bonds. ;
15.2(5) Need for Voter Approval r
7
~
No voter approval is required for the issuance of revenue bonds required for the financing of nroiect construction.
5)'rormalities Before Dond Issuo I,t. S ')
Other than the adoption of Wien speci cally autho;izing the h ssuance of revenuei Donds.to finance the constru lon of the Projech no i
N
' urther formalities or. steps remain to be complete rior to the issuance o such revenue bonds. The Net Billing Agreements d scribed above, ftog er with'.the Project Agreement between the Bonn ville Power Administra-
~~~
tor an hington Public Power Supply System, a cop of which is contained j
g.15.2-2 f*
l
p-- -.
.(
t Hanf;rd No. 2 AMENDMENT NO. 2 i
(
in the official Statement (Schedule I of the Application), provide the I
I details of the financing and marketing arrangements necessary for the Project. The Supply System has previously issued and sold revenue bonds I
in the amount of $122,000,000 in connection with the financing and construction of the Hanford Nuclear Generating Plant, constructed in N
connection with the New Production Reactor of the Atomic Energy Conunission /
at the Hanford Project.
In addition, revenue bonds have previously been issued and sold for the financing of the Packwood Lake Hydroelectric Project under similar circumstances.
(
i
(
)
i i
l l
(
Q.15.2-3
(
Hanf;rd No. 2 AMENDMENT NO. 2 QUESTION 15.3 (Jan. 20, 1972)
Provide evidence as to Applicant's ability to successfully market the bond issue. This preferably would be in the form of a letter of opinion from a recognized reputable bond house and should indicate the probable Moody's rating of the bonds when issued.
ANSWER hcJY The ability to successfully market the bond issue has been evaluated by the Supply System's financial consultants, Imhman Brothers, Incorporated, and their judgment is expressed in the letter shown on the following page (Q.15.3-2).
e
(
Q.15.3-1
Ihnftrd No. 2 M NDMENT No. 2
'(
LAZARD FRERES & CO.
LEHMAN BROTHERS Incorporated January 28, 1972 Washington Public Power Supply Sustem P.O. Box 6510 Kennewick, Washington Attention:
Elmer A. Landin, Jr., Treasurer Gentlemen:
I The undersigned will be pleased to have Washington Public Power
' Supply System use this letter as evidence of its ability to success-
_, ~
fully market bonds for its Nuclear Project No. 2.
We feel that we are fully qualified to give testimony on this subject as we have been serving WPPSS as Financial Advisors with In such capacity respect to the Pr6 ject for approximately two years.
we have participated in the structure of the basic documents which will afford strong security to the bonds and have studied the power needs of the area which will afford strong economic feasibility.
The fact that there were six bidders, with the best bid being for a 3.05% interest rate, for the $15,000,000 of WPPSS three and a half year revenue notes sold in January,1971, was a favorable demon-stration of the attractiveness to investors afforded by WPPSS
}
securities.
i l
We are familiar with the latest estimate' of the overall cost of the project and have 100% confidence in the ability of WPPSS to successfully market its bonds as funds are needed from time to time 3
over the construction period.
1 The notes were rated A-1 by Moody's and AA by Standard & Poors'.
We believe that Moody's will raise the rating on bonds to Aa, because j
by the time that bonds are issued engineering will be much further j
along than was the case when the notes were issued and hopefully the construction permit will have been granted.
Very truly yours, Lehman Brother Incorporated
(
- _ _ _ ge....
By:t 14:ard Prere.& Co2
~{
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Sys q_ _s L
[jMQ _
Q.15.3-2 i
f
-._-.,.._.--...~.___._--e.._,...___.,._.__.-.._~.._m_.__,m_
m.
_ _. - - - -, -....-,- -, - ~
Hanford No. 2 AMENDMENT NO. 2
.(.
QUESTION 15.4 (Jan. 20, 1972)
As soon as available provide for each of the years 1970 and 1971 copies of the Operating Statement and Balance Sheet information for the participants as disclosed in Table 1, Page 33, of Schedule I of the Application. For the year 1971, Depreciation Expense included in this
. table should be separately disclosed.
ANSWER The updated Operating Statement and Balance Sheet information for the i
participants for the year 1970 is given in the following pages Q.15.4-2 through Q.15.4-4.
iL Data for the year 1971 will be submitted when available.
(
i i
(
Q.15.4-1
i j
6NT NO. 2 Hanford No. 2 Table I
.\\
Washington Public Power Supply System j
Nuclear Project No. 2 Pa rticipante p
- ummary of Financial and Statletical Data for 1970 Dist ricte (l) Municipalleteel2) Cooperatives Total STATISTICS Custome rs:
R 3 eldential................
288,178 365.859 106.626 753. M 3 324.222 411.138 128,8%
866.206 Total
.........s 10,800.454 12 lM,085 2,684,964 25,M O,507 Kilowatt. hour Sales (000)
Kilowstt. hour Purchases (000):
864.174 171,429 220,677 1,254,388 BPA (NPR Enchange) 10.447,265 3,$71.449 2,710.684 16,729.398 Other BPA (Firm) 84,490 1,172,682 41,281 1,298.453 Interchange and Other (Net)
Total Kilowatt. hour Purchases (000)
II,196,029 4.915,560 -
2.972,642 19,244,231 y
8,210,902 12,265 8,222,767 Kilowatt.houre Generated (000)lNet).
Total K!!owatt. hour Requirement f
11,396,029 13,126,062 2.984,907 27,504,994 (000) 2.178.562 2,528,111 681,194 5,383,871 Peak Demande. Kilowatte INCOME AND OPERATING STATEMENT L.some:
$ 78,538,453
$ 95,374,096
$ 32,696.691
$ 206,609,240 Total Operating Revenues I,335,637 3,468,217 685,013 1,488,767 Other Income (Non. operating)
$ 79,873,990 *$ 98.842,313
$ 33,381,704
$ 212.098.007 q
Total Income...
', Operating Expenses:
Purchased Powers
$ 2,691,537 446,419 $
$00,078 $
3,938,034
)
BPA (NPR Exchante) 30,703,476 10,090,410 8,369,148 49,163,034 l
Other BPA (Firm) 439,742 4,llo,386 137.960 4,924,018 Interchange and other (Net)
$ 34.030,755
$ 14,687,145
$ 9.307,104
$8,025.086 Total Purchased Power E.; pense 14,408 9,667.881 13.244 5,715,93%
, Generating Espense.
$ 34.045.163
$ 20,3$5,028
$ 9,340,430 63,740,621 Total Power Supply Espense Other Espenselincluding Depreciation and j
11,239,447 60,164,794 17,924,742 109,328,983 Tameo).................
}
Total Operating Espense
$ 65,2'84,610
$ 80,919,822
$ 17,265,172
$ 173.069,604 CONDENSED BALANCE SHEET Asset s:
$231.097,785 $621.414,164 $150.489,902
$1,003,201,4$1 Net Utility Plant 36,931,043 26,247,989 7.469,709 70,644.737 Other Property and lavestmente 35,882,639 68.644,982 12.990,330 117,517,951 Current Assete.
7,069,722 8.939,758 974.187 16,583.867 Deferred Debite Total A s s et e........... $310.981.189 $729,446.889 $171,519,938
$1.207,948,006 Liabilities:
Lone te rm Debt e............. $ 106,351,076 $390.77$ 000 $129,491,303 $ 626,$77,379 17.479,808 25,183,400 3,421,544 46,084,792 Current Liabilittee 2,441.708 946,893 614,788 4,003,389 Deferred Credits.............
348,581 6,406,417 53.613 6,808.611 Reserves 4,$18,639 9.510,821 4,902,763 18,932,223 Contributtone in And of Construction 179.841,377 292,624,358 13.079,917 109,641,642 Retained Earninge
$310,981,189 $725.446,889 $171,519,928
$1.207.948,006 Total Liabilities........,
56.868 22.639 20.493 100.008 PERCENT PARTICIPATION (3).........
I (1). Public Utility Diettlete, Peoples Utility Diottlete, and one Irr48ation Diettlet.
(2). Includes the City of Tacoma which le listed as a Participant but which has not entered into a Net Billins Agreement.
(3). As of the present time. May be modified prior to January 1,1978 pursuant to Exhibit A of the Net Billings Agreement.
l t
[
I Q.15.4-2
m
- =~m m
~~
~
p 4 28 (36 del (3
Estimated Aaractpated Portuspant9 Shars ed Ammuel Participant's
=.
Beameettle Caese of helear Project Share of Tie <al 1970 Statistico Billiage No. 2 1978 1979 (B)
Project Pa rtacapaat Custome re R evenues 1976 197H Al 6*.
7*.
Capability City of Albien. Who.
Ill 22.190 s.300 6.900 7.500 00.016 Caty of Ba.a.=. Oregee 3.455 309.190 140.900 133.500 123.400 00.263 P=blas l'estaty Dastrict No. I of Bestem County. WaoMagten 14.883 4.078.578 3.047.300 2.300.600 2.530.300 05.350 Bestem Rural Doctric Aseeciation. Inc.
4.523 1.069.596 340.300 287.400 332.500
- 00. M6 Big Bend Doctric Caeperative, lac.
4.089 1.63 2. M9 843.500 694.700 755.400 08.610 Blachly-Lane Ceuacy Cooperative Doctric Aseect=Ha=
1.614 623.468 176.400 117.400 327.600 00.272 City of Blatme. Washimstee.....................
955 166. % 7 96.500 79.800 46.800 00.145 City of Beamers Ferry Idaho 1.4%
295.!!5 94.600 70.500 85.400 00,882 City of B rier. Who 3.215 734.e51 372.500 299.500 325.700 00.694 City of Camby. O regee.......................
3.49 300.552 338.200 38.800 42.200 00.090 City of Casc ade lac h e. O regee...................
570 143.798 38.300 23.300 25.300 00.054 Central Doctru Caeperative. Inc.
3.630 920.691 306.300 252.900 275.000 00.546 City.4 Centralaa. Wasasmetem 5.954 963.760 349.200 318.900 346.700 00.739
^
Central Lincola Peoples
- Utility DNrict 15.600 5.426.225 2.187.600 1.733.400 1.884.800 04.087 Csty of Cheney. Washingtes 2.889 508.373 244.500 232.600 252.900 00.539 PhMic Utality Dietrict No. I of Cla!!am County, WeeMagnee 8.023 2.127.410 943.800 763.400 830.000 01.769 Patw Utility Daetrict No. I of Clark County. WaeMagnee 17.372 II.527.677 6.045.700 2.654.300 2.846.200 06.858 Clatekamae Peoples Utslary Dietrics 2.825 1.784.498 1.298.800 861,300 936.500 01.996 Clearwater Peeer Casripany 5.072 1.1 %.637 405.500 334.400 343.600 00.775 CeLambia Basia Dectric Ceeperative lac.
2.894 878.427 347.100 290.440 315.800 00.673 63 67.500 00.843 h
Cel.smhia Power Cooperative Aasectattee. lac.
3.199 395.120 74.800 32 700 e
Col.mMa Re,al Dwtru A..e-1.
i.70 709. 4M 3 9.600 400 357.800 -
00.76 g
M Cone =amere Poeer. Rac.
7.797 2.045.272 338.800 195.500 212.600 00.453 0
Ceee-Corre Dectru Caeperative, lac.
7,20s 1.860.718 893.700 705.100 7M,700 01.634
'E City of Camles Dam. WasMagtea 506 154.394 67.500 59.500 64.300 00.137
.h l
P6hlac Uti'aty Dietrict No. I of Cowlite County Washingtes 27.223
. 8.354.648 6.900.000 2.344.500 2.592.400 05.525 C ary of Duse. Who........................
85 17.223 9.500 8.200 8.900 00.089 y
Demglas Doctrac Casperatave, Inc.
4.460 940.438 472.900 156.600 170.300 00.363 Carv et Draan. Oresess 529 163.258 114,700 94.100 102.300 00.238 East End Sturmal Doctrae Co., Ltd.
274 44.853 46.800 14.200 15.500 GO.033 Cary of Diesen.srs. Washiegtes 4.734 959.590 543.900 443.600 482.300 08.028 Ta!! Rsver Rural Destric Cooperattwo. Jac.
3.695 758.858 234.400
'376.500 195.900 00.409 Farmere Date Ltd.
163 15.045 22,700
~ ' 73,300 ' ~' 50. 200 00.171 17,700 19,200 00.048
(
- sty Desertet 12a7. of Terry Ceumty Wa shington.......
1.404 406.230 38,400 Flathead Doctric Ceeperatave lac.
3.466 676.955
- 19. 700 859.700 173.600 00.370 City of Forest Creve. Oreges 3.658 764.910 129.100 78.100 84.900 00.181 2
3%htac Utatary Dneerict No.1 of Framblin Comney. WaeMastem 9.364 2.5 %.940 3.333.400
. I.022.700 1.tr2.000 02.370 g
Public Utilary D6 strict No. I of Graye Herber WeeMastee 27.082 5.493.788 3.263.700 1.326.900 1.442.000 03.075 Hersey Doctric Caepermetwo. lac.
1.405 872.250 375.250 310.300 337.400 00.789 City of Heyhora. Who...
546 340.918 260.600 287.500 236.500 00.504 2
1.989 536.788 263.700 286.600 235.500 00.502
.O Hood Ra.or Doctric Cooperantwo of Hood River Ceauty. Oregee I. 4 %
317.889
%.900 60.309 87.300 00.886 Who County Lasht & Pe=er Cooperative Assestaties, lac.
g 12.539 2.516.446 1.255.500 1.025.300 1.184,900 02.376 City of Who Falle. Who.....................
10.415 2.377.064 689.400 527.300 573.400 08.222 t=t..a Pe.er & Light Company 1.030 245.149 184.700 94.900 103.200 00.220 Public Utalaty Dasttset No. I of Kittitas Ceumey. Washingtes PmMac Utilary District No. I of Klichster Ceemey. Washingtes......
5.427 1.359.975 564.100 435.400 473.400 01.009 Keeseems Doctric Ceeperative. Inc..................
3.769 692.642 206.200 164.700 183.500 00.398 6.774 1.601.549 416.400 6&6.680 641,300 08.452 Lane Caumsy Destric Casperettwo. Inc.
Pwhlic Utilary Diseaset No. I of laude Ceumey. WaeMagtes 14.824 2.917.688 1.194.900 981.300
. 3.067.000 02.274 3.712 455.602 327.800 180.400 149.600 08.255 Llacete Electr$c C.
_ e Inc. (Meamaan)
I
t (1) 429 4 39
' l'8 158 f69 Eerimeted l
Amtsc apeted Pertacapaat > Share of Aamust Participant 4 l
Commeville Caste of N=ctear Project Sha re of l
rie<al 8970 stasi. car e Bittange No.2 1978 1979(B)
Project l
EJ l
Pa rticip.at Coseemere R even e 1970-l979d Al 6%
7".
Capatnlity l.217 257.192 5
407.000 8
87.200 94.800 00.202 Leet Rt.et Destrie Cooperatave. Inc.
5.505 1.341.805 458.700 353.800 384.800 00.820 2
l Leser Yattey Pe=er & Laght lac.
2.079 334.767 120.500 99.700 100.400 00.231 '
et PmMac thtary Distract he. I of Masca County, Washingtem 10.984 2.289.064 769.400 624.900 678.500 01.446 i
PeMic 1; tat ey Distr 6ct No. 3 et Mesen Censay, wasumstes g
Teem et McCleary, weektastem...................
585 347.281 325.000 108.000 809,800 00.234 p
5.070 1.318.932 682.200 529.500 575.700 08.227 y
Cary el McMimeville Oresen....................
I h!adesate Doctric Ceeperative. Inc.
2.442 739.964 270,300 210.600 229.000 08.488 3.089 555.238 303.100 251.600 273.500 08.583 C&ty of Mitten-Freewater, Oregen.................
52
- 8. 48 3 2.600 2.100 2.300 00.005
- Chry of Mamedaha. Idahe 2.982 607.213 155.400 126.900 137.900 06.294 Massenta Doctric Ceeperettwo. lac.
1.683 323.722' 157.200 101.800 130.700 00.236 City of Meauneath. Oresen.................._...
Neopeteen villey EIntric Cooperative. Inc.
..~...
809 230.602 75.700 64.300 69.900 00.349
- 5. 048 973.837 235.800 196.300 213.500 00.455 Northern Lights. Inc........................
l Northern Wasco County Peoptoe Utttity District 2.305 440.499 31.200 22.000 23.900 00.051 Chamegan Comery Doctric Casperative. Inc.
804 353.345 ICl.100 82.000 89,400 00.190 9.998 2.453.063 517.500 449.600 484.900 St.042 Puhtic t'tilary D6 strict No. I ed Okamegna Causty, WeeMagtes 2.773 734.403 408.000 382.800 340.200 00.725 Orcas Pwwer mad Light Caenpany 10.807 1.635.474 802.900 648.600 705.200 01.503 P.Mac t%tity District No. 2 ed PactAs Ceemry. WaoMagnea 6.375 1.783.091 1.228,800 1.042.600 1.133.600 02.486 Ctry es Port Angeles. Waeldastaa 285 43.736 10.500 8.200 8.900 00.019 Prairie Pe.er Cooperative. Inc.
1.64:
m.uS 446. we 368. m 400. m 00.853 L
l maa never mersi Dooric Cee,erauve. Inc.
1.673 432,500 85'.700 329.900 141.200 00.301 g
l Rawatti Commery Doctric Ceeperative. Inc.
so City ei Ric Mand, waoMasten....................
8.693 2.297.429 1.444.000 1;198.400 8.295.500 02.761 Riverende Doctric Centpany. Ltd.
200 27.162 10.000 8.600 9.400 00.020 gh I.931 419.805 179.900 150.800 163.200 00.348 g
7 City of Rupert.14ahe.......................
1.587 347.490 135.000 813.100 122.900 00.262 I
Rural Doctric Campmay......................
5.944 1.098.774 327.7*,G 195.500 282.600 09.453 u
Saleen Doct:1c..........................
3.055
- 277.267 90.600 73.400 79.800 00.170 Salmee an.or nectric Coqperantwo. Inc.
City ei seattle, wa aMagtee.....................
258.677 53.425.387 7.970.700 3.103.900 3.375.000 87.193 PwM6e Utility Desernet No. I of h=ala Ceumsy, washington 2.481 626.530 381.300 236.000 256.700 00.547 Puhtic t'aility Dietetet No. I ed e-w h Commty. WaoMagnes 97.620 21.303.360 36.308.200 6.628,800 7.208.800 35.363 a
380 94.411 38.100 38.500 34.300 00.073 South 5ede Doctric L6mes. lac.
5.154 1.150.655 236.000 156.600 170.300 00.363 City ei Sprimsfield OreSea....................
381 63.575.
25.000 20.700 22.500 00.048 Te=a mi Sumas, wasMastem 2.465 662.823 168.600 339.400 351.600 00.323 5.arprise Valley Electrsacatzes Corporaties 00.000 St.227 25.125.073 7.354.300 City of Tacoma, Washtaston 593 327.507 65.700 52.600 57.200 00.322 Tasaer Dectric 11.310 2.394.347 939.400 746.100 811.300 08.729 Tittameek Peoptes Utility District 3.638 1.078.723 32.200 15.500 16,900 Oc.036 l'marilta Destric Cooperettve Aseeclariam 948 193.125 107.000 88.000 15.700 00.204 Umsty Light and Power Campany Vern Irrigation District No.15 2.869 502.583 374.2.0 302.500 328,900 00.701 2.663 634.237 152.700 126.900 337.900 00.294 Vigilante Doctric Casperative. lac.
1.854 329.924 476.300 I48.500 353.900 00.328 PmWic taility D6etrtet No.1 ei Wahhtah=n County. Wasidastes 2.194 -
592.120 376.300 147.600 160.500 00.342 waece Doctric Casperatswe. lac.
2, m 528,348 99.700 78,500 85,400 00.182 West orecea Dectric Ceeparaatwo. lac.
I 844.206
$43,152.000
$46.921.000 100.00%
TOTA 3.
(Ai. sae.4, c.,reme seameetue rate.che4.ie.. n emestret.ed -
date $or att power amnes costsacas to Decameber 24. 4974.
(B). saaed spam evermee annant coatet coste semb4.be lower to early years.
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