ML20101B692

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Maine Svc Co 1983 Annual Rept
ML20101B692
Person / Time
Site: Seabrook, 05000000
Issue date: 12/31/1983
From: Hovey G
MAINE PUBLIC SERVICE CO.
To:
Shared Package
ML17054D536 List:
References
NUDOCS 8412200467
Download: ML20101B692 (121)


Text

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v. . , - . ' .s i i BOARD OF DIRECTORS. Seated L,R C Hazen Stetson. G Melvin Hovey and Ralph A Brown Standing LcR Donald F Colkns. Nathan , .c j L Grass. Irwin F Porter Walter M Reed. Jr . and D James Daigle . .. L. .;.1 4, .

RALPH A BROWN board of directors G MELVIN HOVEY

                                                                                                                                                                                                                                                                                                                                                                                                       '.li
                                                                                                                                                                                                                                                                                                                                                                                                                 ," ".N, O Chairman of the Board                                                                                                                                                    President and Chief Executive Officer                                                                                                                                                           4.. [ , h Maine Pubhc Service Company                                                                                                                                              Maine Pubhc Service Company                                                                                                                                                                      (-                 '

Presque Isle. Maine Presque Isle Maine 7, . ' ,._ ' ,

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DONALD F COLLINS IRWIN F POATER - [ 'O 6 t President Honorary Director 8k , S W Colhns Co Caribou. Maine Casco Northern Bank. N A Portland Maine lej 2q* Chairman. Aroostock Trus' Company l Canbou. Ma.ne WALTER M REED .iR h Prendent D JAMES DAIGLE Reed Farms Inc President Fort Fairneld Ma:ne , David D Da,gle Farms Inc , Fort Kent. Maine ar;d Orlando. Floneta C HAZEN STETSON Honorary Chairman of the Board , T Maine Pubhc Service Compa,y .' NATHAN L GRASS Presque Isle Maine - - - - President and Owner Belangei Farm Machinery Inc Caribou. Maine

                                                                                       '0 " I'" '

CXCCUtlUC OffiCCTs Five-Year Summary of G. MELVIN HOVEY RALPH A. BROWN Selected Financial Data 1 President and Chairman of the Board . Chief Executive Officer President's Letter 2 PAUL R. CARIANI FREDERICK C. BUSTARD Treasurer, Secretary Analysis of Financial Condition Vice President and Clerk and Review of Operations 4-6,8-10 Engineering and Operations CLARENCE E. CAMBRIDGE Financial Statements and Notes 7-9,11-20 DONALD A LINDSAY Assistant Secretary and Vice President-Subsidiary Assistant Treasurer Auditors' Repoti 21 Consolidated Financial Statistics 22-23 p Eleven-Year Operating Statistics Inside Back Cover

                              /                             %

Transfer Agent. Manufacturers Hanover Trust ANNUAL MEETING: Second Tuesday in May. Company. New York PRINCIPAL OFFICE: 209 State Street Stock Registrar: Common Stock-Presque Isle. Maine 04769 Manufacturers Hanover Trust Company, New York five-year summary of selectedfinancial data 1983 1982 1981 1980 1979 Operating Revenues . . . . . . . . . . . $ 33,183,752 $31.144,070 $29,273,813 $27,789.640 $21,239,729 Net income . . . . . . . . . . . . . . . . . . . .. $ 6,333,486 $ 4,660,426 $ 3,297,458 $ 2,487,842 $ 2,802.916 Dividends on Preferred Stock . . . . . . 820,624 541,918 549,211 556,509 262.134 Net incomo Available for Common Stock . . . . . . . . . . . . . . $ 5,512,862 $ 4,118,508 $ 2,748,247 $ 1,931,333 $ 2,540,782 Eamings Per Share of Common Stock $6.68 $5.95 $4.04 $2.86 $3.80 Dividends Per Share of Common Stock: Declared Basis. . . . ... ..... $2.27 $2.12 $1.92 $1.92 $1.84 Paid Basis . . . . . . .... . .. $2.22 $2.07 ,

                                                                                                             $1.92           $1.90
                                                                                                                                             $1.79

{ Total Assets . . . . . .. .. ... .. .. $102,574,857 $88,639,629 $75,558,271 $68,613,583 $62,879,849 Loreg-Term Debt Outstanding . . ... $ 30,827,432 $40,280,040' $25,419,480 $25,919,704 $27,169.336 , j Less amount due within one year . . 445,504 446,560 506,368 505,664 1.228,128 e Long-Term Debt . . . ........... . $ 39,381,928 $39,833,480 $24.913,112 $25,414,040 $25,941,208 ky Redeemable Cumulative Preferred 4 Stock ... .. . ..... ..... .... . $ 8,649,000 $ 5,754,000_ $ 5,859,000 $ 5,964,000 $ 6,069,000 7

  • Includes $16,000,000 of short-term debt refinanced.

1

f Fuel Supply Services were hired by PSNH to assist President's I'etter in the management and start-up of the project. The rep-resentatives from Fuel Supply Services, now on site. to our b,lo( /i/10/(/PT3 arD/ include those who were responsible for the recent I successful start-up at Florida Power and Light Corpo- {nIy/g gp3 ration's St. Lucie #2 nuclear plant. In addition Mr Wil-liam B Derrickson, who managed all phases of the St The year of 1983 brought many new challenges and Lucie #2 project, assumed the position of Senior Vice President-Nuclear Energy at PSNH and will take a planned transition in the Company's management. charge of the Seabrook Station construction .. The management changes are discussed in detail in the " Director and Executive Changes" section of this New schedule and cost estimates compiled under report. the direction of PSNH, aided by United Engineers and Construct ( and Yankee Atomic Electric Company, 5 The Company is a part-owner (1.46056%) in the were prese...ad at the March 1,1984 Joint Owners Seabrook nuclear plant being constructed in Sea- eehng n e eo anagement Anahsis brook, New Hampshire, by the lead participant, Public Company (MAC) the Seabrook owners did not adopt Service of New Hampshire (PSNH) Our participation e new s@eCe and cost eshmams NW sad W in these units continues to be a substantial cash new estimates assumed continuation of past practices burden. at the site, and did not take into account sufficient A major accomplishment during the year was the changes of management structure and techniques which have and will continue to be implemented at the Company's ability to sell $24 million of securities $7 million of First Mortgage Bonds, $9 million of Deben- project. As a result. MAC recommended the new tures, $3 million of Preferred Stock. and approximately schedule and cost estimates not be adopted until the

        $5 million of Common Stock. All of the proceeds from       new management improvements are taken into ac-these financings were used to reduce the Company's        count. Pending such determination, the Company has short-term debt. Until such time as Seabrook Unit #1 is   adopted the estimates for financial planning purposes o        completed, in service, and allowed in rate base, we ex_    Based upon these estimates. the Company's cost in-r        pect to continue to need substantial amounts of            cluding allowance for Nnds used during construction

= financing. ( AFUDC) is approximately $78 8 million for Unit #1 arid $74 3 million for Unit #2. T he new estimated in- . In 1981 the Maine Public Utilities Commission in- service dates are July.1986 for Unit #1 and December. = itiated an investigation into the power supply planning 1990 for Unit #2 and purchases of Maine Public Service Company As a result of this investigation, the Maine Public Utilities Although there are numerous adverse news events L Commission ordered the Company to make a " good occurring with regard to the construction of nuclear faith effort" to sell 50% of its Seabrook ownership We power plants, we have been assured by Management have offered our ownership to all electric utilities in Analysis Company United Engineers and Construc-tors, and PSNH that the construction of the Seabrook New England and New York State. without success ' Therefore, as an alternative, we have encouraged the Units is of the h!ghest quality and will be a safe operat-cancellation of Seabrook Unit #2 in an effort to comply ing plant with the Maine Public Utilities Commission's order The Company's service area contrnues to have a Several of the Seabrook participants have an-high unemployment rate, however, we have within our - nounced their intent to sell part of their interest in territory an abundance of natural resources. such as = Seabrook or to delay or cancel Unit #2 At a Special lumber and wood products, large areas of excellent farm land, and recently-discovered large mineral Seabrook Joint Owners Meeting held on September 8. 1983, the Connecticut participants (United Illuminat_ deposits g ing and Connecticut Light and Power) offered a reso- The Company's largest industrial customer. Ameri-t lution to cancel Seabrook Unit #2 immediately This can Kitchen Foods, Inc., ( AKF), a large potato proces-l- resolution, which required an 80% ownership agree- cor, filed for Chapter 11 (bankruptcy) on October 12.

    }    ment for passage, was defeated Thirty-three percent        1983 and is currently not operating The J. R Simplot 4L        of the owners, including Maine Public Service Com-         Company of Boise, Idaho, through a new subsidiary,
 =       pany, voted for this resolution An alternative resolu-     Simplot Processor's, Inc., (SPI) in conjunction with r       tion was then proposed. which passed unan:mously.          the City of Presque Isle offered to purchase the plant if m       requiring Unit #2 expenditures to tse kept at the lowest  certain financing could be obtained. The offer has k         feasible level until fuelloading of Unit #1                been accepted by the Debtors and is awaiting approv-I-         At the March t 1984. Joint Ownnr3 Meeting, four al of the Bankraptcy Court If f.nancing 's obtained.

Owners, (Central Maine Power Company. United i' lum thc Company unaerstands that SPIintends to operate the plant make certain irrprovements ana hopes to inating Company, Connecticut Light & "owei Cow f par,y, and New England Power Company) sponsored a resolution to cancel Unit #2 Tris reso'ution was again reach full production within several years Total consol' dated operatino revenues in 1983. in-  : defeated, however, 39 88 per";ent Of the o untrs. in- ciuding fuel adjustment reven'oes. were $33183.752 r ciuding Maine Public Service Comoany, voted fcr the This is an increase of 6 5% over 1982 Base revenues. resolution excluding fuel. were up 13 5%. ref ecting an increase

                                                                    '"P'              s and the impact of the rate inc: eases Fcr the past year Management Analysis Company of       granted      19 San Diego, ualifornia, has been errployed to act as an
   ;      independent management overseer to the Seebrook               Total consolidated kilowatt-hour sales were 1     project They monitor and report directly to all owners    600.083.000-up 7 5% f rom 1982 Primary k:lowatt-
  • on areas where problems may exist and where im- hour sales, which reflect the Company's firm load, provements can be made in addition, representatives were 560,228.000-up 4% from 1982 2
     =

Our consolidated earnings rose to $6.68 per share based on 825,254 average shares outstanding. This is a 12% ($0.73) increase over 1982 earnings of $5.95 per Director and Executive Chan9es share based on 692,694 average shares outstanding. Ralph A. Brown retired as Company Pres. ident and The improved earnings are the result of primary sales Chief Executive Officer on June 1,1983 after 27 years growth, rate increases received by the Company in of loyal and devoted service to the Company. Mr. 1982 and large amounts of AFUDC. Quality of earn- Brown was elected Chairman of the Board at the An-ings hr.3 shown some improvement with AFUDC re. nual Meeting in May,1983 replacing C. Hazen Stetson. presenting 92% of net income in 1983 versus 103% in Mr. Stetson had served as Chairman for 16 years, and 1982 and 104% in 1981. will remain active as Honorary Chairman and member We expect 1984 common dividends to stockholders of the Board, will contain a return of capital. G. Melvin Hovey was elected President and Chief The Company's rates continue to be one of the low- Executive Officer replacing Mr. Brown. Mr. Hovey has est in New England primarily because of our generat- over 25 years experience with the Company including ing mix. In 1983 our generation sources were: 46.5% various management positions, and was Vice Presi-nuclear 24.7% hydro and only 28.8% fossil fuel. dent of Engineering and Operations prior to his elec-tion as President. 1983 was a good hydro year. Hydro production was 118% above normal. The Maine Yankee nuclear plant Mr. Frederick C. Bustard was elected to the position operated at a record high level of output. In accor- of Vice President of Engineering and Operations suc-dance with an assignment agreement with the Houlton ceeding Mr. Hovey. Mr. Bustard has been with the Water Company, we acquired an additional share of Company for more than 20 years, holding various en-the output of Maine Yankee, amounting to approxi. gineering positions, and was Assistant to the Presi-mately 3.4 megawatts, dent prior to his promotion to Vice President. The Company received a favorable " Letter Ruling" Frank E. Livingston, Treasurer, Secretary and Clerk from the Internal Revenue Service allowing the Com- retired effective March 1,1983 af ter 35 years of f aithful pany in issue tax-exempt bonds for " local system facil- and dedicated service. Paul R. Cariani was elected to ities." The Company qualifies for issuance of tax. replace Mr. Livingston. Mr. Cariani's association with exempt bonds under the so-called "Two County Rule" the Company dates back to November,1977, and in of the internal Revenue Code, as our Company's ser. 1978 he was appointed Assistant Treasurer, a position vice territory lies entirely within two contiguous coun- he held until his election as Treasurer, Secretary and ties. Aroostook and Penobscot. Clerk. In an effort to encourage conservation within our The untimely death of Thomas L. Pinkham on March service area, the Company is promoting a three-part 16,1983 created a vacancy on the Board of Directors. energy conservation progran.. We are offeririg rebates Mr. Pinkham had served on the Board for 11 years and on energy efficient appliances; subsidized low-interest was truly an outstanding business and community loans for energy conservation measures; and install- leader. He was a valuable source of experience, in-ing water heater insulation jackets, at no charge to the sight and advice, and his services to the Company will customer. be greatly missed. Despite continuing major challenges, the future of Replacing Mr. Pinkham on the Board is Nathan L. our Company looks encouraging. Financial forecasts Grass, President and Owner of Belanger Farm Ma-indicate the Company's cash earnings and internally chinery, Inc., Caribou, Maine. Mr. Grass is active in generated funds will improve significantly when Sea. civic af f airs and a prominent business leader. brook Unit #1 is completed, goes in service and this investment is al* owed in rate base by the Maine Public v(, Utilities Commisrion. Even though electric rates will Ei.c,,,c ou,,,, gy 3,,,c , , .: increase significantly, they will still be competitive mecem u with other companies in New England. OGGGG, DD s-We are making an aggressive effort to improve our ?m m A communicat;ons and public relations with customers, 2as 22 2 as 2ts to poao regulators, and legislators; and in particular we expect our long and desirable relationship with the New k s- 3- N j Brunswick Electric Power Commission to contmue. g 8 The task of managing the Company efficiently is "* * '" t 'f * * *** made easier by cur talente.d and industrious team of ^ officers, managers and employees. We truly appre- c-  ; ciate their efforts. We also extend our thanks to you, our stockholders, for your dedication and loyalty to our Company. Rest assured that our management -

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l [ team is doing their best to justify your continued con- z ]k ^ fidence in Maine Public Service Company. i b Sincerely, Y "" l N G. Melvin H,0vey ,, l7,p ,,p g-i President l Presque Isle, Maine March 15,1984 3

7:L t c Analysis of Financial Condition and Review of Operations-1983 a

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in' 'mation on rewn Revenues and EnerN Sales data, may be foundin.ues, saies, andconsolidated the eleven-year other statistical operating statistics summary that appears near the Consolidated operating revenues for 1983 estab- end of this report. lished a new high, attaining $33,183,752 as compared to $31,144,070 in 1982 and $29,273,813 in 1981. Base rate revenues (not including fuel cost recoveries) were ' %

 $2,549,734 (13.5%) over 1982, and $5,029,456 (30.7%)

over 1981. Growth in revenues over the past two years is primarily attributable to rate increases over this time Operating Expenses a I period. The majority of fuel costs are embedded in the in 1983, deferred fuel expenses were a positive - base rates, with only the related changes in W,e levels $644,911 as compared to a negativa $1,357,278 and a 2 of fuel costs being reflected in fuel adjustment rev- positive $2,256,127 recorded in 1982 and 1981, respec- - 1 enues. Fuel revenues decreased to $11,627,465 in 1983 tively. (A positive deferred fuel expense indicates that versus $12,132,825 in 1982 and $12,735,897 in 1981. a similar amount has been collected in revenues; a . Contributing factors to this reduction are the stabiliza- negative deferred fuel expense signifies that this - tion of fuel prices as well as the high levela of nuclear amount will not be collected until a future accounting F and hydro within the Company's generation mix. period.) Sales of energy reached 600,083 MWh in 1983 and Hydro production during 1983 was 118.0% of normal were 7.5% greater than 1982 and 5.1% more than 1981. versus 1982 production of 95.8% of normal, and a rec-Residential energy sales in 1983 were 2.3% greater ord water year in 1981, which recorded hydro output than 1982 whereas sale *. to small commercial and in- achieving 143.0% of normal. Total hydro generation in dustrial customers gainad 3.3% and large commercial 1983 was 157,741 MWh in comparison to 128,101 MWh and industrial sales increesed 6.8%. In 1982 residential in 1982 and 191,698 MWh in 1981. Purchases of energy energy sales were .8% over those of 1981, small com- from outside sources were 435,854 MWh in 1983 and 4{ mercial and industrial sales were .7% above 1981 and similarly 431,475 MWh in 1982 and 365,947 MWh in ~ large commercial and industrial sales were 1.8% less 1981. Nuclear energy purchases from Maine Yankee ^ f_ than 1981. On October 12,1983, the Company's largest Atomic Power Company (Maine Yankee) are conting- T single industrial customer, American Kitchen Foods, ent upon that plant's capacity factor and were 73,867 P inc., (AKF) with subsidiaries in the Company's service MWh more than the 222,297 MWh purchased from that -- area, filed a Chapter 11 petition under the Federal source in 1982. The purchases for 1982 were substan-Bankruptcy Code. Gross revenues associated with tially less due to the f ac.t that the unit was down for re-this customer were approximately $1,600,000 in 1983 fueling late in the year, and also required more and $1,800,000 in 1982. A portion of the loss in sales is maintenance than usual. Purchases from Maine Yan- . T expected to be a5 sorbed by other potato processing kee for 1981 were recorded at 256,068 MWh. The in-

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plants in our service area. The J. R. Simplot Company crease in purchases of nuclear energy for 1983 is also of Boise, Idaho (Simplot) in conjunction with the City the result of an addition to Maine Public Service Com- = of Presque Isle, Maine has offered to purchase the pany's entitlement of the total plant capacity and net AKF facility. The offer has been accepted by the Deb- electrical output of Maine Yankee from 4.9284% to . tors and is awaiting approval by the Bankruptcy Court. 5.3357%; or .4073%, which had previously been as-It is our understanding that Simplot has formed a sub- signed to the Houlton Water Company. This increment sidiary corocration, Simplot Processors, Inc., (SPI), became e ffective June 1,1983. Energy purchased from n and has designated that entity is the ultimate pur- Maine E ectric Power Company (MEPCO) was re- m chaser of the AKF assets. Financing required to pur- duced fnem 71,406 MWn in 1982 to 61,555 MWh in 1983. - chase and improve the AKF facility has not yet been Energy purchases from MEPCO for 1981 were sub- - obtained, although the Company understands that stantially less at 37,824 MWh. This increase in 1982 ,_ necessary applications for such financings have been and 1983 over that of 1981 is attributable to a 5 MW in-filed. If the purchase and improvement package is ul-crease in capacity entitlement from that source begin- p timately obtained, the Company understands that SPI ning November 1,1981, acquired from other New 7 intends to operate the plant and hopes to reach full England ut;lities. A combination of abovo-normal - k production within several years. The effect of these hydro conditions and increased nuclear purchases S circumstances on revenues cannot be predicted at this from Maine Yankee resulted in a reduced need to pur- i time. chase power from The New Brunswick Electric Power m Energy sales to public authorities showed a modest Commission (NBEPC). Thus, purchases from NBEP,C decreased from 137,740 MWh in 1982 to 78.097 MWh m {, increase of 1.2% over 1982 and 9.7% over 1981 while th 983 calendar year. Purchases m 1981 were 72,037 street and area hghting sales were below 1982 by 1.8%. Sales for resale were 154.940 MWh in 1983 as opposed - p

   ?o 128,074 MWh h1 1982 and 144,206 MWh in 1981.                 The total cost of purchased power decreased from                         M Most of the growth in 1983 sales for resale arose from sales to The New Brunswick Electric Power Commis-
                                                                $1S,020.231 in 1982 to $12,880,854 in 1983, whereas such costs in 1982 were $4,697,128 more than " ose of                       'f    m sion (NBEPC) of excess electric energy that became available because of more favorat'le water conditions calendar year 1981. Purchased power expense from                            T NBEPC dechned 47.5% from that of 1982, while pur-                           l'y during 1983. Sales to NBEPC were 50,690 MWh,19.242           chases from MEPCO decreased by 12.7% from 1982.                             ?

MWh and 39,849 MWh in 1981,1982 and 1983, respec- 28 < tively. Firm sales have grown steadily in the recent in 1983, fossil fuel prices continued at a relatively =- stable level. It is difficult to predict when and if m h "- three years, from 509,741 MWh in 1981 to S38,805 MWh in 1982, and then to 560,228 MWh in 1983. Additional prices will resume their upward spiral. 4 1 E

Operating expenses of the steam plants increased deferred income taxes relating to deterred fuel ex-by $92.169 or 3 5% in 1983 as compared with the pre- pense was a negative ($392.203) in 1983 compared 4, vious year's steam operations expense This small in- with a positive $563.410 in the previous year. Deferred .-- crease may be attributed to increased purchases in income taxes related to accelerated depreciation of ' i Iow-sulphur fuel at Wyman Unit 4 Diesel operating property and other deferrals totaled $1.375.971 in 1983 *; costs were $9.668 (111%) less than the previous year, versus $198.896 in 1982. This large variance of _ reflecting reduced production requirements from the $1,177,075 may be attributed to the normalization of diesel units. All production maintenance expenses AFUDC-Borrowed Funds of $703.818 in 1983. and - were greater in 1983 by $21.155 (4 3%) than those of also to the reinstatement of $289.338 in 1983 that was 1982. These same costs in 1982 were $178.355 (56 8%) related to the tax effect of the 1982 net operating loss more than 1981 The increases in 1982 over 1981 were carryforward to 1983 Investment tax credit adjust-primarily attributable to maintenance costs at the Car- ments charged to income in 1983 were a positive - ibou steam units and unusually heavy maintenance at $458.482 compared with a negative ($340.924) in 1982 .: the Tinker plant. Increases in 1983 are primarily due to The negative investment tax credit adjustment re-maintenance costs at the steam units in Caribou corded in 1982 was the result of the operating tax loss Steam maintenance expenses were $140.669 in 1981 carryback in that year

         $208.316 in 1982 and $262.268 in 1983 Costs pertain-ing to Tinker maintenance were approximately
         $59.000. $185,000, and $129.000, respectively, in 1981.

1982. and 1983 Construct lOn = m Operating and maintenance expenses of the trans- Expenditures on additions. replacements and equip- - 2 mission system were above those of 1982 by 7.2%. up ment in 1983 amounted to $13.731.214, including al-7 f rom $1,047.030 to $1,121.964 Correspondingly 1982 lowances for borrowed f unds used dunng construction of $3.162.484 The majority of these expenditures were transmission expenditures were 2.6% higher than the .. p $1,020.477 recorded for the calendar year 1981 In- related to the Company's investment in the Seabrook creased wheeling charges comprised the largest por- Nuclear Units 1 and 2 and amounted to approximately e tion of the current year's increase Distribution $12.020.100 (including allowance for borrowed funds - = operation and maintenance charges were only 3% used during construction)in 1983 These nuclear gen-higher than those of 1982. Customer service and ir,- erating units are being constructed by Public Service formation posted a modest 2.6% increase over last of New Hampshire (PSNH) of which the Company har a 146% ownership Additional work on William F p year, up f rom $151,665 to $155,582. Administrative and 7 general expenses showed a 5.4% decrease over the Wyman Unit 4, a jointly owned, oil-fired unit being op-L previous year, down from $2.811.934 to $2,658,985 erated by Central Maine Power Company required Excluding reg ulatory expenses of $876.285 and $39.300 Work on the new transmission line from Presque Isle to Mapleton required $88,200. Improve-

          $310.908 for 1982 and 1983 respectively, administra-tive and general expenses posted a 213% increase            ments to the Limestone Substation amounted to Z          over the previous year, from $1.935,649 in 1982 to           $31,900 Expenditures at the Tinker Hydro Plant re-b          $2.348,077 in 1983 The largest factor that contributed      quired $69.800 (U S.) Approximately $58.400 was ex-to the 21.3% increase was outside services employed          pended for voltage conversions and substation               --

3 5 which increased 108.3% f rom $179.111 in 1982 to improvements Meters. services transformers and -. r E' $373,122 in 1983 The net increase from 1981 to 1982 other customer-related facilities required the expendi- > E was held to 6 2% ture of $393,800 Distribution line extensions, rebuilds. E and highway relocations were $738 900 and improve-r On October 12.1983, American Kitchen Foods, Inc , ments to the transmission system required $22.400. - " the Company's largest .ndustrial customer. filed a Street lighting, general equipment, and miscellaneous E proceeding for an arrangement under Chapter 11 of items absorbed the remaining $218,400 The amounts the Federal Bankruptcy Act. owing at that time approx- contained in this paragraph do not include allowance imately $176.000 of unpaid electric bills To provide for for equity funds used during construction which in u the expected loss in calendar year 1983. the Company 1983 were $2,661.612 and related pnmanly to the Company's increased its expenses for uncollectible accounts by investment in Seabrook approximately $128,000, from $127.138 in 1982 to Construction e<penditures in 1984 are expected ta b $255.262 in 1983 This accounts for the 19 5% increase total approximataly $16,598.700. including an esti-ir customer accounts expense which rose from !_" e

           $707,781 in 1982 to $845.757 in 1983 Customer ac_            mated $3,781.800 for allowance for borrowed funds L

F counts expenditures mcreased 12 5% from 1981 to used dunng construction The major portion of the total will be for the Company's share of the continuing r E g 1982 construction of Seabrook Units 1 & 2, which is esti- . E Depreciation and amort zabon i expense increased mated at about $14.430.600 for 1984 mcluding expen-by $4.582 for the year Taxes other than income taxes d.tures to: nuclear fuel T ransmissior improse- 5 @B-charged against income 'n 1983 were up $6 244. frora ments ell require about $295 000. while d.stnbution . I

            $993.157 to $999.401 Including oe' erred taxes and m-       expenditures will approximate $1.298,000 The remain-                    f       i-vestment tax credit adjustments. income taxes charged       .ng $575.000 is budgeted for numerous miscellaneous                         j to operatng expenses declined from a regative               improvements and needed equiprnent throughout the                                 g j     ($168.744) at the end of 1981 to a negative IS272.394)      consolidated system As of December 31,1983. the by the end of 1982 For the calendar yea ended 1983.

income taxes (including deferred taxes and invest-Company had invested $41013.054 in Seabrook Un!t 1 and $ 11791.488 in Unit 2 including allowance f or bor-

                                                                                                                                        ' g(g I                                                                 iowed and equity funds used during construchon All ment tax credit adjustments) were a positive $1.814 996 r    The current prov.sion for income taxes. mcreased            the costs of common f acilities have been allocated to                       I f rom a negative ($693.776) at the end of 1982 to a posa     Unit 1 Nuclear fuel expenditures for both umts are                                1 tive $372.746 in 1983 The negative income taxes asso-       approximately $3.500.000 as of year end Several of ciated with 1982 were the result of an operating tax        the Seabrook participants have announced their inten-loss carryback to prior years The annua! provision for      tion to sei, part of their interest in the Seabrook Plant S               #
                                                                                                                                              ,7-

_ ___._~ U_f ~ ~ s or to seek the delay or cancellation of Unit 2. On May $78,802.300, and Unit 2 is estimated at $74,278,300 6,1983, the Company and New England Power Com- (including allowance for borrowed and equity funds pany both voted to terminate further construction on used during construction). Unit 2. The motion, which required approval of 80% of the ownership interests in the Seabrook Plant to pass, t.imate The Company is unable effect of the to predict at above resolutions onthis thetime the ul-project received approval of only 11.41% of the ownership in, terest. The Company also voted with four other partic, and the effect of,the announced reductions by PSNH. ipants (19.04%) to delay construction on Unit 2. The Company will continue to advocate the cancella-tion of Unit 2 at every opportunity as it believes that it At a special meeting of the Joint Owners of Sea- would t'e in the present best interest of its customers brook held on September 8,1983, the Connecticut and the Company. - participants offered a resolution that Unit 2 be can-celled. Delay or cancellation of any portion of the Seabrook nucle:r project requires the agreement of 75% or 80%, respectively, of the ownership interests, which therefore requires the agreement of PSNH, the ownerof approximately 35% of the ownershipinterest. The cancellation proposal was defeated, with partici-pants holding about 53% of the ownership interests in the project voting against the measure about 33%, in-Affiliated Companies cluding the Company, voting in favor, and about 14% The Company owns 100% of the Common Stock abstaming. However, a resolution was passed un-(except for directors' qualifying shares) of Maine and reduce t New Brunswick Electrical Power Company, Limited, animously on Unit 2 toatthe the" lowest meeting to,ble level.,he expenditures feasi hereinafter referred to as the Subsidiary. The Subsidi-At the October,1983, participants' meeting PSNH ary owns and operates th,e Tinber Station which is outlined the steps that it would take to reduce work on primarily a hydro generating fa:ility located in the Province of New Brunswick, Canada, j,ust a few miles Seabrook Station Unit 2 to the " lowest feasible level" across the international border. Tinker Station has five as resolved by the Joint Participants at the meeting of September 8,1983. hydro units with a total capacity of 34,000 kilowatts and a small diesel unit of 1,000 kisowatts. The Subsidi-In October 1983, PSNH reported that expenditures ary serves the communities of Perth-Andover and Car-on Unit 2 were expected to be reduced from the then lingford in New Brunswick, as required by its Charter, plan total of $153,000,000 in 1984 to $51,000,000. Ex- with the remaining energy being exported under li-penditures on Unit 2 in 1983 were then projected to be cense of the National Energy Board of Canada to the between $65,000,000 and $70,000,000. The work force Parent Company in Maine, which expires in 1988. for Unit 2 was then projected to be reduced from the then current level of 870 to 100 during the year 1984. The Parent Company owns 5% of the Common _ Construction on Unit 2 would be maintained at a min. Stoc,k of the Maine Yankee Atomic Power Company, imum level with work continuing on the containment herem referred to as Maine Yankee. Maine Yankee building and on equipment and piping within the con. owns and operates an 850,000 kilowatt nuclear plant tainment building. There would be minimal work and located in Wiscasset, Maine, which has proven to be a *- preventative maintenance on other areas of Unit 2 to very economical source of energy for the Company protect the existing materialinvestment. and its customers, primarily due to its cheaper f,uel costs. Fuel costs would be considerably higher with-Four Seabrook owners, Central Maine Power Com- out the availability of Maine Yankee nuclear energy. In pany, United Illuminating Company, Connecticut accordance with an assignment agreement with the Light & Power Company and New England Power Houlton Water Company (a wholesale customer) ef-Company, sponsored a resolution at the March 1,1984 fective June 1,1983, the Company's entitlement in-Seabrook participants' meeting that Unit 2 be can- creased by .4073% to approximately 5.3% of the output celled. Approximately 41.86% voted against immediate of Maine Yankee. Subsequent to May 31,1983, Houlton cancellation, about 39.88% voted for the measure (in- Water Company may terminate the contract upon writ-cluding the Company) and the remainder abstained. ten notice to the Company, and such termination will New estimates presented to the owners meeting were not occur until five years subsequent to the date of re-

    $4.4 billion for Unit 1 and $4.4 billion for Unit 2 with in-      ceipt of said written notice.

service dates of July,1986 for Unit 1 and December, 1990 for Unit 2. The estimates also add a management The Company also owns 7.49% of the Common reserve of $200,000,000. On the advice of Management Stock of Maine Electric Power Company, Inc., herein-Analysis Company (MAC), a consultant hired to over. after referred to as MEPCO.,MEPCO owns and oper-ates a 345-kilovolt tr. ;smission line about 120 miles in 5 see construction of Seabrock, the owners did not adopt the revised schedule and cost estimates. PSNH length, which connects The New Brunsw'ck Eiectric n considered the ostimates unreaiistically high and indi- Power Commission (NBEPC) system with the New cated the new estimates do not take into account sig- England Power Pool. In addition MEPCO has con-nificant changes in management structure ans tracts with NBEPC und?r which it purch1ses Canadian technique which have and will continue to be imple energy and sells it to various New England utHities, mented at the project. As a result, MAC recommendt The Company presently has ent,itiements of 13.4 mega-that no cost and schedule revision be adopted until tne watts of MEPCO capacity, whicn includes 10 mega-watts assign,ed to it by twc other New England utilities. = new management improvements are taken into account. However, this entitlement will be reduced 1010.6 meg-awatts on October 31,1984 and the contract will termi-('

                                                                                                                                     ?

Pending such determination, Maine Public Service nate on October 31,1985. This transmission line also Company has adopted these new estimatos for finan- provides the major route through which the Com-cial planning purposes. Based upon these estimates, pany's share of Maine Yankee and Wyman Unit 4 the Company's share of Unit 1 is estimated at energy is delivered to the Company's system. 6

                                                                                                                                    +

Maine Public Service Company N #

                                                                                                                                                             ?  -

and Subsidiary

                                                                                                                       /                  x                         -

statements of consolidated income d Year Ended December 31, 2= 1983 1982 1981 = Operating Revenues . . . . . . . . . . .. . ... .. . .. .. $33,183,752 $31,144,070 $29.273,813 ,- Operating Expenses 7 Operation: r 12,880,854 16,020,231 11,323.103 -' Power Purchased . . . . . ............. . . .. ........ Other........................ . .. ..... ...... . . 9,035,905 6,868,087 10,693,918 ~ Maintenance . . . . . . . . . . . . . . ... . . . .. ..... ... 1,133,146 1,067,742 824,415 Depreciation (Note 1) . . ... . .. .. . ... .. 1,760,589 1,756,007 1,762,967 -m Taxes: '- Other Than income . . . . . .. . .... ... . .. .. .... 999,401 993.157 905,949 State i ncom e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 133,185 (141,086) 57,951 U.S. and Canadian Federal Income (Notes 1 and 2): _7_ C u r re n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 239,561 (552,690) 288,934 Deferred-Related to Deferred Fuel Expenses.. ..... .. (392,203) 563,410 (1,071,987) "-- Other Deferred-Net ... ....... ..... .. .. . .. 1,375,971 198,896 360,251 Investment Tax Credits . ... ............ ........ .. 458,482 (340,924) 196,107 Total Operating Expenses . . . .. . ... .. 27,624,891 26,432,830 25,341.608 [_ Operating income . . . . . . . . . . ..... . . .... .. . . .. 5,558,861 4,711,240 3,932,205 --- Other income (Deductions) Equity in income of Associated Companies (Notes 1 and 3) . . 330,864 333,661 344,669 _ Allowance for Equity Funds Used During Construction 2,661,612 1,813,859 758.416 # (Note 1 ) . . . . . . . . . . . . . . . . . . . . . . Foreign Exchange Gain (Loss) . .. . . ............... . 611 270 (38,161) Other-Net . . . . . . . . . . . ... .. .. . ..... .. . .... (81,531) (36,574) (24.413) g Total ....... ...... ............ . ..... ...... 2,911,556 2.111,216 1,040,511 - Income Before Interest Charges . . . . . . . . . . . . . . . . . . . . . . . 8,470,417 6,822.456 4,972.716 -- interest Charges Long-Term Debt and Notes Payable . . . . . . . . . . . ....... 5,299,415 5,126,050 4.330,755 Less Allowance for Borrowed Funds Used During - Construction (Note 1) . . . . . . . . . . . . . . .... ... ....... (3,162,484) (2.964,020) (2,655,497) - Total.................................... 2,136,931 2,162,030 1.675.258 Net income . . . . . . . . . . . . . . . . . . . . .. .. . .. . .. . . . 6,333,486 4,660,426 3,297,458 , Dividends on Preferred Stock .. ... . . 820,624 541,918 549,211 Net income Available for Common Stock ... .... .. .... $ 5,512,862 $ 4,118,508 $ 2,748,247 m 9_ Eaming.) Per Snare of Common Stock . . . . . . ......... . .... $6.68 $5.95 $4.04 ,

                                                                                                                                                         ~
                                                                                                                                                                  $e Average Shares Outstanding .                      ....                    ..... ....... ..                         825,254        692.694         680,885 j{

4A See Notes to Consolidated Financial Statements.

                                                                                                                                                                  .=

s 7 b H 2

m .

                                                                                                                                                                        ,k-MPUC Docket No. 83-303 with the proposed facility                                                  3 Regulatory Proceedings                                                having a capacity of 13.320 kilowatts and the proposed F

On March 7.1983, the New Brunswick Board of energy sales of approximately 100,000,000 kilowatt-Commissioners of Public Utilities approved a rate in. hours annually. The pnmary source of fuel would be crease of $110.000 (Canadian) for the Subsidiary with WOOD-its Canadian wholesale customers. By agreement witn Sherman Power Company (Sherman) petitioned the the wholesale customers the increase in revenues was MPUC on October 14.1983 to establish a rate to be phased dur the months of November.1982 paid by the Company for the purchase of electricity 9 ' from a qualifying facility at Sherman Station. M3ine. In conjunction with the above, it was necessary to This petition was docketed under MPUC Docket No. change the intercompany contract between the Com-83-264 for a proposed facility having an installed ca-pany and the Subsidiary, such changes requiring ap- pacity of 10,000 kilowatts and proposed energy sales proval by the National Energy Board (NEB) of Canada of approximately 30,000.000 kilowatt-hours annually. and the Maine Public Utilities Commission (MPUC). The primary source of fuel for the proposed facility J On July 13.1983. the MPUC approved the proposed would be wood. new intercompany contract under MPUC Docket 83- On December 24.1981, the MPUC issued a Notice of

97. On December 16,1983 the NEB issaed an order Investigation to establish standard long-term contract (AO-1-EL-22) approving the intercompany contract as rates for the purchase of electricity by the Company of November 24,1983. f rom facilities with installed capacity of 1.000 kilowatts Alternative Energy Decisions, Inc.. (Alternative) pe- or less which qualify as cogenerators or small power titioned the MPUC on November 7.1983, to establish a producers under the MPUC's rules. This investigation rate to be paid by the Company for the purchase of is docketed under MPUC Docket No. 81-276 and has been consolidated with Alternative's MPUC Docket electricity from a qualifying facility to be located in Houlton, Maine. This petition was docketed under No. 83-303 and Sherman's MPUC Docket No. 83-264.

Maine PubliC Service Company statements of consolidated preferre

and Subsidiary a

5- Redeemable Cumulative Preferred Stock w Shares Amount g e E Balance, January 1,1981 .. . ... . 119,280 $5.964,000 - Net income . . . ... .... . . . . ... - Dividends: h Preferred Stock . . . . . . . . . . . . . . . ... . ' Common Stock ($1.92 per share). . ... . .. Stock issued-Common Stock . . . . . . . . .. Stock repurchased-Preferred Stock . . ... . (2.100) (105.000) Balance, December 31,1981. . . . . .. 117.180 5.859,000 Net income . . . . . . . .. . .. .. Dividends: > s. Preferred Stock . . . . . . . . . . . . . . . . . . . . Common Stock ($2.12 per share). .. . . Stock issued-Common Stock . . . . . . . . . . .. Stock repurchased-Preferred Stock . . .. (2.100) (105,000) 5.754,000 Balance, December 31,1982 . . . . . . . . .. . 115.080

                                                                                                                                                                            =

Net income . . . . . Dividends: , Preferred Stock . . . . . . . ........ . ... Common Stock ($2.27 per share). .. . : y Stock issued-Comrnon Stock . . . ..

                                                                                                                                                                     + i Stock issued-Preferred Stock .                     .                     .              60.000            3,000,000                      1-Stock issuance experises . . . . . . . . . .                .        .

Stock repurchased-Preierred Stock . . _ _ _(2.100) (105.000) . Balance, December 31,1983. . ... 172.980 $8.649,000 f;i See Notes to Consolidated Financial Statements. 8

  =
                                                                                                                          '          -  .. i- . s . %    i gi ,,

I On February 10, 1984, the MPUC issued an order pinanClal Condition relative to the long-term rates under Docket 81-276 and ruled on the petitions by Sherman and Alternative. During January,1983, the Company issued $9,000,000 This order set forth the methodology by which the of 14% Debentures and $7,000,000 0f 13%% First Mort-long-terrn rates would be established and directed the gage Bonds. In April,1983, $3,000,000 of 13% Preferred Commission s consultant to calculate these rates Stock was sold and in June, 1983, 200,000 shares of under the prescribed methods. The consultant has Common Stock were sold. Proceeds of the Common filed calculations which await comments by the parties Stock sale were $5,290,0')0 after payments of under-and a final determination by the MPUC. In accordance writing discounts and commissions. with this order, the Company has been directed to enter into contracts with Sherman and Alternative. All of the proceeds of the above financings were A new fuel adjustment clause was filed on De- used to reduce short-term borrowings. Short-term cember 30, 1983, in accordance with MPUC regula. notes for the Parent Company reached a high of tions under MPUC Docket No. 84-1. In connection $25,200,000 in January,1983. At December 31,1983, the with the fuel adjustment filing, Docket No. 84-2 to de. Company's bank notes outstanding were $8,900,000. termine short-term avoided energy costs was also es. Outstanding short-term notes of the Subsidiary at year-tablished. Both of these proceedings are pen *ing end were $200,000 (Canadian Funds) reflecting an before the MPUC. Increase of $50,000 in short-term borrowings for the Y'" The Federal Energy Regulatory Commission (FERC) granted the Company additional wholesale rates of The Company's Dividend Reinvestment and Stock

             $244,000 on March 11,1983. A new method of calculat-                 Purchase Plan produced 11,083 shares for 1983, there-ing the wholesale f uel adjustment factor was approved               by increasing Common Equity $271,902. 5.170 shares by FERC on June 1,1983. This method provided for                     were issued under the Employee Stock Ownership the synchronization of wholesale fuel revenues and                   Plan and as a result Common Equity increased fuel costs.                                                          $133,439.

stock and common shareholders' equity Common Shareholders' Equity Common Stock Paid-in Retained Shares Amount Capital Eamings 678,307 $4,748,149 $1,773,557 $12,399,771 3,297,458 (549,211) (1,307,303) 4,903 34,321 37,636 14,130 683.210 4,782,470 1,825,323 13,840,715 4,660,426 (541,918) (1,468,709) 16.597 116,179 177,803 18,031 699,807 $4,898,649 $2,021,157 $16,490,514 6,333,486 (820,624) (1,957,721) 216,253 1,513,771 4,441,570 (551,084) 8,825 916,060 $6,412.420 5,471,552 $19,494,571 9

Financing plans in 1984 include the proposed issu-ance of $7,500,000 of F.rst Mortgage Bonds and General - $3,000,000 of Preferred Stock. In December,1983, the The Parent Company provides electric service to Internal Revenue Service rendered a favorable ruling Northern Maine with a population of approximately to the Company, which allows for the issuance of tax- 91,000. The service area is about 3.600 square miles exempt bonds. Under this ruling, the Company would and located primarily in Aroostook County. be able to finance local system facilities. Unfortu-nately, the Company is unable to proceed with the fi- As of December 31,1983 and 1982, Common Stock - nancing due to pending legislation in Congress shares outstanding were 916,060 and 699,807, respec-regarding tax-exempt financing. tively, reflecting principally the issuance and public sale of an additional 200.000 shares in June,1983. The Internal sources of fund ion require- shares are held by 3,503 shareholders located in all ments improved to approx,s for35% imately constru,ct. in 1983 versus f fty states, the District of Columbia, Canada and the approximately 10% in 1982. Mos,t of the improvement

                                                                                                                                   -~

V rgin Islands. The Company's Common Stock is listed can be attributed to higher electric rates and increased and traded on the American Stock Exchange. Only sales during 1983. Construction requirements continue Common Stockholders are allowed to vote at the an-to be substantial, due to the Company's participation nual meeting, except as required under the provisions in the Seabrook Project as previously mentioned. Most of the Articles of Incorporation relating to Preferred of the construction requirements are expected to Stock, or as may be required by applicable law. As of  : come from outside, financing, principally debt borrow- December 31,1983, Preferred Stock shares outstand-ing. The Auditors Report of Deloitte, Haskins and ing were 172,980 and the number of holders were 89. Sells set forth on page 21 hereof is qualified due to un- ] certainties existing as to construction costs and com- On a preliminary basis, the Company anticipates the h mercial operation dates of the Seabrook Project both 1984 dividends on common stock could be nontaxable of which will impact the financing capabilities of the due to a " Return of Capital."The nontaxable portion of Seabrook participants. these dividends could be substantial. As the year pro-Please refur to the construction section of this re- [ur qu rt ly ports port for details on the Seabrook project. - The annual meeting of stockholders is held each year on the second Tuesday in May at the Company's headquarters in Presque Isle. Dividend data and Employees market prices reiated to ine Common Stock are tabu-

            *                                                            !ated as follows for the two most recent calendar As of December 31, 1983, the Company had 169                         years:

permanent employees, eiqht fewer than the year be- Market Price Dividends ' fore. In 1983, the Company's consolidated payroll cost increased by approximately 5.9% to $3,938,019 from 1982 High Low Paid Per Share

$3,720,146 for 1982. The Parent Company and Local                           First Quarter        16% - 14 %          0.48 1837 of the International Brotherhood of Electrical                         Second Quarter       19 - 15%            0.53         .d Workers ratified a new two-year contract effectiv                           Third Quarter        20% - 17%           0.53
  • tober 1,1983, resulting in a 6% wage merease in the,e Oc-first year and 5% in the second year. Non-union sala. Fourth Quarter 23% - 20 0.53 ried and hourly employees were incressed approxi- jgg3 mately 6% effective December 1,1983. Tne Subsidiary and Local 1733 of the Internationat Brotherhood of First Quarter 24 % - 21 0.53 Electrical Workers agreed to a new two-year contract Second Quarter 27% - 22% 0.53 effective January 1,1983. As a result of the new con- Third Quarter 27 - 24%' O.58 tract, the Subsidiary employees received a 9% in- Fourth Quarter 27 % - 23% 0.58 crease in the first year and 8% in the second year.
                                             ,,r'                                           ,=                                            ."

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41

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l 3' -- \ u Na WATER HEATER INSULATION JACKET PROGRAM - Gmny Joles Consumer Ser- 3! - ' vices and Information Representative. and Adam Albert. Cambou District Leadworker install a free water heater insulation jacket in a Canbou home

w _

                                                                                                                             '                     ~

statements of source of consolidatedfundsfor plant additions and replacements Year Ended December 31, 1983 1982 1981 Source of Funds Funds From Operations: N e t i n co m e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,333,486 $ 4,660,426 $ 3,297,458 Principal Non-Cash Charges (Credits) to income: _ Depreciation (Note 1) . . . . . . . . . . . . . . . . . . . . .... .. .. 1,760,589 1,756,007 1,762,967 Deferred Income Taxes-Net (Note 2) . . . . . . . . . . . . . . . 1,375,971 198,896 360,251 Deferred Investment Tax Credits (Note 2) . . . . . . . . . . . . 458,482 (339,981) 190,996 Allowance For Equity Funds Used During Construction (Note 1)......................................... (2,661,612) (1,813,859) (758,416) Foreign Exchange Loss (Gain) (Note 1) . . . .. ... ... (611) (270) 38,161 Other-Net . ... ..... . ... .......... .... . .. (53,752) 10,816 184,852 Funds From Operations . ... ... .. .. .. 7,212,553 4,472,035 5,076,269 Less: Dividends on Preferred and Common Stock. ... (2,778,345) (2,010,627) (1,856.514) Funds Retained in the Business . . ... . .. ... 4,434,208 2.461,408 3,219,755 Funds From (For) Financing-Net: Notes Payable to Banks . . . . . . . . . . . . . . . . . . . . . . . . ... . . 239,300 (4,762,800) 5,484,300 Short-Term Debt Refinanced (Note 5) . . . . . . . . . . . . .. 16,000,000 Long-Term Debt Retirements .. .... . . . ... ... . . (451,997) (1,139,170) (556,968) Preferred Stock Redemptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (96,175) (86,969) (90,870) Issuance of Common Shareholders' Equity and Redeemable Cumulative Preferred Stock . . . . . . . . . . . . . . . . . .. .. 8,404,257 293,982 90,540 Funds From Financing-Net .. . . . .. 8,095,385 10,305,043 4,927,002 Net Funds Available . .. ... . .. . 12,529,593 12,766,451 8,146,757 increase (Decrease)in Available Funds (Increase) Decrease in Working Capital (see below) . . . . . . . . 1,187,953 (317,923) 1,768,265 " Other-Net . . . . . ......... ... ....... .... .......... . 13,668 13,367 14.130 Funds Used For Plant Additions and Replacements (Net of Allowance for Equity Funds Used During Construction) .. $13,731,214 $12,461,895 $ 9.929,152 increase (Decrease) in Working Capital by Components (excluding long-term debt due within one year and notes - payable to banks): Cash.................................................. $ (235,759) $ 312,505 $ (384,645) Deposits for Interest and Dividends . . . . . . . . . . . . . . . . . . . . . 255,500 40,540 (67) Accounts Receivable-Net and Refundable income Taxes (575,386) 499,956 (576,687) Deferred Ir.come Taxes Related to Deferred Fuel Costs-Net..................... . . .. .... .. ... 392,203 (563,410) 1,071,987 l Matenals. Fuel and Suppiies . . . . . . . . . . .... . (192,500) (216,567) 47,190 , I Prepayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....... (48,888) 58,337 10,443 Accounts Payable and Accounts Payable-Associated Co m pa n i es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 961,171 (1,004,445) 310,947 Deferred Fuel and Purchased Energy Costs-Net . . . . (722,008) 1,132,663 (2,155.366) q Taxes Acc ru ed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (168,558) 95.231 (63,494)  : l Interest Accrued and Other Current Liabilities-Net ... (853,728) (36,887) (28,573) s_ l ! Increase (Decrease) in Working Capital . . .... . . $ (1,187,953) $ 317,923 $ (1,768,265) See Notes to Consolidated Financial Statements. 11

Maine Public Service Company and Subsidiary consolidated l l December 31, assets 1983 1982 Utility Plant (Notes 1 and 4): )

                                                                                                        $ 59,949,738                 $58.816,961 Electric Plant in Service . . . . . . . . . . . . . . . . . . . . . . . . . . . .        ......

Less Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,439,331 22.989.753 Net Electric Plant in Service.. . .. . ..... ........... 35,510,407 35,827.208 Construction Work-in-Progress (Note 9) . . . . . . . ..... .... ... 56,575,299 41.750.930 Total .......................... ............. ...... 92,085,706 77,578,138 investments in Associated Companies (Notes 1 and 3) . . . ...... . 3,413,454 3,415.793 Net Utility Plant and Investments in Associated Companies 95,499,160 80,993,931 Current Assets: 426,071 661,830 Cash............................ ... . . .. .... . Deposits for interest and dividends . . . . .. .. ...... .... 812,617 557,117 Accounts Receivable: Customer (less allowance for uncollectible accounts-1983,

        $136,687; 1982. $125,792) . . . . . . . . . . . . . .         ........ ...... .                                  2,775,829       2,768.264 Other......................................                       .... .. ... .                                      224,208         124,834 682,325 Refundable income Taxes (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deferred Fuel and Purchased Energy Costs (Note 1). . . . . . . . . . . . . . 300,784 Deferred income Taxes Related to Deferred Fuel Costs (Note 1) . . . . 242,587 Materials, Fuel, and Supplies (at average cost) . . . . . . . . . . . . . . . 1,448,471 1,640.971 Prepayments . . . . . . . . . . . . . . . .. ... .... ... ...... 62,944 111,832 Total .... ...... ... .... .. .. ...... .... .. . . 5,992,727 6,847.957 Deferred Debits: Unamortized Debt Expense (being amorti;.ed over terms of related

                                                                            ... ... .. .                                    486,312         197,921 debt)...................................                                                                                             599,820 Miscellaneous . . . . . . . . . .        .... .. ...... .... .                            . ..                          596,658 Total    .... . ........... . .. .                        .. .. ..               . ..                      1,082,970         797,741
                                                                                                         $102,574,857                  $88,639,629 i

I See Notes to Consolidated Flnancial Statements. 12

t _ M-C' N # balanCC SilCelS Y

                                                                                                                                                           =

December 31, [ Capitalization and liabilities & Capitalization (see accompanying statements): g Common Shareholders' Equity (Note 7) . . . . . . . . . . . . . . . . . . . . . .. $32,378,543 $23.410,320 j-Redeemable Cumulative Preferred Stock (Note 8) . . .. ....... 8,649,000 5,754.000 -

                                                                                                                                                                           ~

Long-Term Debt (Note 5) . . . . . . ....... ... .. . ........... 39,381,928 39.833,480 Total . .. .. ..... . ....... . .. . .. ... ..... 80,409,471 68.997.800 - m

                                                                                                                                                           -r Current Liabilities:                                                                                                                            .

Long-Term Debt Due Within One Year . . . . . . . . . . .. ....... ... 445,504 446.560 Notes Payable to Banks (Note 5) . . ..... ... . ... . .. .. 9,060,800 8,821,500 Accounts Payable . . . . . . ...... . . . . .. ... . ... .... 1,357,430 2.361,164 s Accounts Payable-Associated Companies . . . . . . . . . . . . . . . . . . . 975,947 933,384 421,224 2 Deferred Fuel and Purchased Energy Costs (Note 1). . . . . . . . . . . . . . 149.616 a Deferred income Taxes Related to Deferred Fuel Costs (Note 1) Dividends Declared . .. . ..... ........... .. ........ .... 761,559 505,466 s Customer Deposits . . . . . . . . . . . . . . . ...... . .... .... . .. 73,185 48.675 Taxes Accrued . . . . . . . . . . . . . . . . . ... .... . ... .... .... 204,480 35.922 -r Interest Accrued . . . . . . . . ..... .. .. .. . ......... . . .. 1,193,782 620.657 "_ Total . . . . . . . . . . . . . 14,493,911 13,922.944 { - m Deferred Credits: 4,177,694 2.801,483 _i income Taxes (Note 1) . . . . . . . . . . . .... .... .. .... ..... investment Tax Credits (Note 1) . . . . . . . . . . . . . . . ... ... .. .. 3,220,996 2.762,514 Miscellaneous . . . . . . . . . . . . ...... . . . .. .... ..... .... 272,785 154.888 Total . ........................ .. ... .. .. 7,671,475 5.718,885 "i

                                                                                                                                                                ,---  7 Contingencies (Note 9) . . . . . . . .            ...... . .. ..                 . ..... .
                                                                                                               $102,574,857     '$88.639,629                     5 0

w V 13 { r 3 a -- --ie-

8 notes to consolidatedfinancial statements

1. ACCOUNTING POLICIES, ETC. Depreciation Depreciation is provided on com- -

posite bases using the straight-line method. The Regulations The Company is subject to the composite depreciation rate, expressed as a per- _ regulatory authority of the Maine Public Utilities centage of average depreciable rhnt in service, _- Commission (PUC) and,in respect to wholesale was approximately 3.3% in 1983,1982 and 1981. rates, the Federal Energy Regulatory Commis-sion (FERC). As a result of the rate making proc- Allowance for Cost of Funds Used During Con-ess, the applications of accounting principles struction The debt and equity costs of funds _ by the Company differ in certain respects from applicable to construction are capitalized. The _ applications by non-regulated businesses. composite AFDC rate used for construction dur- - ing 1983,1982 and 1981 was 12.57%,14.36% and Consolidation The accompanying consolidated 15.00%, respectively. .3 financial statements include the accounts of the  ! Company and its wholly-owned Canadian subsid- Income Taxes Deferred income taxes are pro-  ; lary, Maine and New Brunswick Electrical vided for timing differences, when allowed for - Power Company, Limited. Intercompany items rate making purposes. By order of the PUC, the - have been eliminated in consolidation. The func- Company provides deferred taxes for income tax tional currency of the subsidiary is the U.S. dot- reductions which result from the use of liberal- = lar. Accordingly, translation gains and losses are ized depreciation for all property additions sub- 4 included in other income. Income from and ex- sequent to 1969 and prior to 1981. For additions penses of the subsidiary are translated at rates of subsequent to 1980, tax reductions relating to exchange prevailing at the time the income is depreciation computed using the Accelerated  ; earned or the expenses are incurred, except for Cost Recovery System and depreciation com-depreciation which is translated at rates existing puted for financial reporting purposes are re- - on the applicable in-service dates. Assets and corded as deferred income taxes for accounting liabilities are translated at year-end exchange and rate making purposes as required by the rates, except for property, plant, and equipment Economic Recovery Tax Act of 1981. In De-which is translated at rates existing on the appli- cember 1982, the PUC included as an allowable cable in-service dates. cost for rate making purposes the tax provision - related to a portion of the allowance for bor- E Deferred Fuel and Purchased Energy Costs rowed fuqds used during construction, accord- f Electric rates include adjustment clauses for ingly, thu Company does provide for deferred fuel and purchased energy costs, through which income taxes on such amounts. -j costs above or below base rate levels are recov- g erable from or refundable to customers. Fluctua- Under regulatory practices to which the Ct m-tions between current base rates and actual pany is subject, it is expected that deferred in-costs are deferred until recovered or refunded come taxes not provided for will be recovered in through subsequent adjustment clauses in order rates applicable when such taxes become to properly match costs with the related rev- payable. enues. The Company defers investment tax credits Revenue Recognition Operating revenues are utilized and amortizes the credits over the re-recorded on a cycle billing basis. maining estimated usefullife of the related utility plant. , Utility Plant Utility Plant is stated at original cost of contracted services, direct labor and Investments The Company records its invest-material, as well as related indirect construction ments in the Common Stock of Maine Yankee costs including general engineering. supervision Atomic Power Company (Maine Yankee) (5% g and similar overhead items, and allowances for ownership), a jointly owned nuclear electric i the cost of equity and borrowed funds used dur- power company, and the Common Stock of 2 ing construction (AFDC). The cost of utility Maine Electric Power Company (MEPCO) a plant, which is retired, including the cost of re- (7.49% owne ship), a jointly owned electric 3 moval less salvage is charged to accumulated transmission company, on the equity method. J depreciation. Maintenance anc repairs, including replacement of minor items of property, are The Common Stock of the Subsidiary is - charged to maintenance expenses as incurred. pledged as additional collateral fcr the first Tha companies' properties, with minor excep- mortgage and collateral trust conds of the tions, are subject to a first mortgage lien. Company. f x

                                                                                                              "?

14 i N

J ' i. . --

2. INCOME TAXES Provisions for U.S. Federal Income taxes for the years ended December 31,1983,1982 and 1981 differ from the U.S. statutory income tax rate as follows: _

L = + 1983 1982 1981 _,= r Statutory rate 46.0% 46.0% 46.0% - 3 AFDC-equity (15.3) (18.3) (11.1) (39.5) = AFDC-borrowed funds (See Note 1) (9.4) (30.0) " Other (.3) (.1 ) (1.6) _ Effective rata 21.0 % (2.4)% (6.2)% _. a Deferred income taxes are comprised of the tax effects of timing differences for the years ended December 31,1983,1982 and 1981 as follows: (Dollars in Thousands) 1983 1982 1981 Liberalized depreciation $434 $447 $ 410 "f AFDC-borrowed funds (See Note 1) 704  %

   =

Deferred fuel expense (392) 563 (1,072) 8 46 Other (51) (50) Net operating loss (see below) 289 (294) Total $984 $762 $ (712) T 5

   -               in 1982, the Company incurred a loss for income tax purposes of approximately $2,460,000. As a              S    -

result of the carryback of a portion of the loss to prior years, the Company received a refund of ap- _ proximately $682,000. The Company reduced net deferred income tax credits by approximately -

     ;.      $294,000 for the benefit applicable to the carryforward of the remaining portion of the tax loss, which
     -       expires in 1997. In 1983, the Company utilized the carryforward benefit and reinstated all deferred               -

income taxes which had not reversed. F The Company utilized approximately $512,000 of investment tax credits in 1983, and none in 1982 and 1981. In all these years the available investment tax credits exceed the amounts utilized at w 1 December 31, 1983. The Company has an unrecorded carryforward of investment tax credits of approximately $280,000, $991,000, and $896,000 which expire in 1996,1997 and 1998, respectively.

       ^
3. INVESTMENTS IN ASSOCIATED COMPANIES Dividends received during 1983,1982 and 1981 from Maine Yankee are approximately $327,500,
              $319,000 and $337,000, respectively, and from MEPCO approximately $9,100 in 1983, $9,800 in 1982                   .

and $10,000 in 1981. Substantially all earnings of Maine Yankee and MEPCO are distributed to investor companies. N Condensed financialinformation for Maine Yankee and MEPCO is as follows:

  • k
           .                                                Maine Yankee                         MEPCO                           ;

(Dollars in Thousands) 1983 1982 1981 1933 1982 1981 Earn!ngs l' Operating revenues $120,500 $110,000 $102,650 $129,717 $111,522 $139,293 i Earnings applicable to common i:

        ,        stock                             $ 6,437 $ G,477 $ 6,698 $              120 $         128 $      137            i a

Company's equity share of net r earnings $ 322 $ _ 324 $ 334 $ 0 $ 10 $ 10 15

          '                                                                                                                        a

Investment Total assets $386,285 $354,175 $346,452 $ 23,265 $ 26,812 $ 23,855 Less: Preferred Stock 10,295 10,795 11,295 Long-term debt 86,294 139,575 129,862 7,777 8,580 9,240 Other liabilities and deferred credits 222,856 137,025 138,464 14,535 17,206 13,515 Net assets $ 66,840 $ 66,780 $ 66,831 $ 953 $ 1,026 $ 1,100 Company's equity in net assets $ 3,342 $ 3,339 $ 3,341 $ 71 $ 76 $ 82 4, INVESTMENTS IN rrangement up to $1,400,000 with interest at the JOINTLY-OWNED lender's prime rate, 2) a line of credit up to UTILITY PLANTS $15,000,000 with interest at 105% of the lender's i prime rate, plus a commitment fee of 5% of the l The Company is a participant in two jointly- prime rate, and a compensating balance averag- l owned utility plants: W. F. Wyman Unit No. 4 ing $100,000. Certain information relating to (Wyman) and Seabrook Units No.1 & 2 (Sea- these arrangements is as follows: broak) (Note 9). (Dollars in Thousands) 1983 1982 l The Company's proportionate share of the direct I expenses of Wyman are included in the corre- Totallines of credit j at year end $16,400 $24,700 sponding operating expenses in the statements l of consolidated income. Maximum amount of borrowings outstand-Each participant must provide its own financing. ing at any month end $11,500 $24,700 The Company's share in each of the two jointly-owned plants at December 31,1983 and 1982 is Borrowings outstand-as follows: ing at year end $ 8,900 $24,700 i Amount refinanced Wyman Seabrook (see below) -- (16,000) Total $ 8,900 $ 8,700 (Dollars in Thousands) 1983

                                       $6,893                       Unused lines of credit Electric lant in Service Depreciation                (1,074)                      Average outstanding                                             l Construction                                                  borrowings for the Work-in-Progress                          $56,305          year                        $ 7,162          $17,191 Total              $5,819        $56,305        Average interest rate for the year                    13.19%          16.59%

1982 Effective interest rate

                                       $6,856                          at year end                    12.13%          12.41%

Electric Plant in Service _ Accumulated Depreciation (85?) Construction Other short-term debt at December 31,1983 and Work-in-Progreas $41,632 1982 are unsecured demand notes of the Subsid-lary and payable to a Canadian bank. Interest is Total $5'939 $41'632 at the lender's prime rate and is payable monthly. Certain information relating to this arrangement Company's Ownership is as follows: 1 Percentage at { December 31,1983 (Dollars in Thousands) 1983 1982 j and 1982 3.3455 % 1.4606 % Maximum amount outstanding at any

5. NOTEG PAYABLE TO BANKS AND SHORT-TERM CREDIT ARRANGEMENTS Amount outstanding at year er.d $161 $122 The Company h s had various credit arrange- Average interest rate l' ments with two banks. Those in effect at De- for the year 11.18 % 15.92%

cember 31,1983 are as follows: 1) an open credit 16 . .: . v ; : . n ., . u.s . . : r  ;...., % . p.

                                                     .. ;. c . . .. e 3 3 . .. n , n..,
                                                                                 .           3 .,,y
                                                                                               .        , . s ,, 3      .; : 3 .73

Effective interest rate Paid-in capital increased by approximately at year end 11.00 % 12.50% $4,450,000, $196,000 and $52,000 in 1983,1982 and 1981, respectively, representing the excess of the proceeds received over the par value of During January 1983, the Company issued common stock issued as follows: pub'ic offering

    $9,000,0,00 of 14% Debentures due February 1,                 (200,000 shares in 1983), to the employees' stock 1990, with interest payable semi-annually, and                ownership plan (5,170,5,520 and 4,903 shares in
    $7,000,000 of 13%% First Mortgage and Collat-                 1983,1982 and 1981, respectively) (see Note 11),

eral Trust Bonds due December 1,1992, with m- to shareholders reinvesting dividends under the terest payable semi-annually. The proceeds of Company's dividend reinvestment plan (11,083 these issues were used to retire short term debt. shares and 11,077 shares in 1983 and 1982, re-Accordingly, $16,000,000 of notes payable have spectively) and the excess of par value over been reclassified as long-term debt at December reacquisition cost of Preferred Stock (see Note 31,1982. 8). ~ On May 11,1982, the shareholders approved an

6. PENSION PLAN amendment to the Articles of incorporation in-a mmon Stock, par The Company and it,s Subsidiary have insured e to 000 sa

- non-contributory defmed benefit pension plans for the benefit of substantially all employees. Pension expense, which includes amortization of prior service costs over a period of twenty years, 8. REDEEMABLE CUMULATIVE was approximately $275,000 in 1983, $292,000 in PREFERRED STOCK 1982, and $284,000 in 1981. The companies' pol- _~ icy is to fund pension cost accrued. Certain in- The Preferred Stock is redeemable, with certain , formation relating to these plans at December restrictions, at the option of the Company, or in

31,1982 and 1981, the dates of the most recent the case of voluntary liquidation at $51.00 per actuarial valuations follows
share for the 4.75% Series, $51.65 for the 9%%

Series, and $54.81 for the 9%% Series (all plus

                                                 '               accumulated dividends). The 13% Series may be (Dollars in Thousands)       1 82                   81 redeemed at the option of the Company beg,m -

Actuarial present value ning April 2,1988 as follows: of vested accumu-lated plan benefits $4,976 $2,715 Prior to April 2, Redemption Price 1989 $52.44 Actuarial present value 1990 $51.63 F of non-vested ac- 1991 $50.81 m cumulated plan benefits 268 257 { The voluntary liquidation price of the 13% Series y Total $5,244 $2.972 is $50.50 plus accumulated dividends. The 9%% Series has a sinking fund requirement fo benef ts

                                 $5.880             $2.991

=- whereby th( Company must redem 5,333 shares at $50 per share and accrued dividends The assumed rate of return used in determining on October 1 of each year commencing in the "' year 1985. In addition, the Company has a non-the actuarial present value of accumulated plan benefits was 6%. cumulative option to redeem up to an additional 5,333 shares at the same price and dates as the in 1983, the Company changed certain invest- sinking fund shares. ments of the Plan to unallocated insurance con-E tracts from allocated contracts. Accordingly, the The 13% Series has a sinking fund requirement 4 actuarial present value of accumulated plan bene- whereby the Company must redeem 20,000 E fits and net assets available for benefits increased shares at $50 per share and accrued dividends = by $1,563,000 and $1,284,000, respectively. on April 1 of each year commencing in 1991. In y addition, the Company shall have a noncumula-tive option to redeem up to an additional 20,000 g -

7. COMMON SHAREHOLDERS' EQUITY shares at the same price and dates as the sinking V fund shares.

Under the most restrictive provisions of the { g Company's long-term debt indentures, retained Purchase funds for the 4.75% and 9%% Series g__ earnings (plus dividends declared on Common provide that the Company will annually offer to Stock) available for the distribution of cash divi- purchase on July 1, at prices not to exceed $50 dends on Common Stock wera approximately per share and accrued dividends,3% of the max-y $10,600,000 at December 31,1983. imum number of shares issued prior to May 15 of h 17

=

= _ . _ _ _ _ _

                                                                                                                            =

such year, less any shares theretofore purchased Regulatory and Financial Environment On June , and surrendered by the Company to the transfer 29, 1981, the PUC issued a Notice of Investiga- 1 agent as a purchase fund credit for such year, tion to determine what portion of the Company's investment i.o the Project is required to meet fu-  : Any shares so purchased and surrendered are retired. Under this offer 1,200 shares of 4.75% ture demands, and if the Company can divest it-  : Series were purchased in 1983,1982 and 1981, self of a portion of its Project investment on a and 900 shares of the 9%% Series were pur- reasonable basis. On November 30,1982 the chased in 1983,1982 and 1981. PUC issued its decision whereby the Company agreed to make a good faith effort to dispose of one half of its ownership in the Project over a one-year period. The PUC did not limit the Com- j'

9. CONTINGENCIES pany to divesture of one half of its ownership -

should it become uneconomical to retain the re-The Company is an investor, with 1.46% owner. maining one half. The PUC granted the Com-ship interest in the Seabrook Nuclear Power Proj. pany approximately $1.6 million in extraordinary - rate relief to maintain its continuing investment ect Units I and 11 (the Project). Public Service Company of New Hampshire (PSNH), the lead in the Project until a portion can be disposed of participant, and an unaffiliated company have on a reasonable basis. In the event the Company construction arid operating responsibilities for is unable to dispose of a portion of its Project in- , the Project. vestment on a reasonable basis within the one- - year period, the PUC will review the Company's Subsequent Event On March 1,1984 at a Joint continuing need for extraordinary rate relief. In ' Owners' meeting, PSNH released new cost and January 1984 the PUC delayed the date of its re-in-service date estimates for the Project which view until the next rate filing by the Company, indicate that Unit 1 will begin operating in July which is expected to be filed in June 1984. 1986 at a cost of about $4.4 billion with a similar cost of $4.4 billion for Unit 2 and a completion To date, the Company has received no firm offers - date of December 1990; the estimates also add a for the purchase of any amount of its investment management reserve of $200 million, bringing in the Project. Other Joint Owners have been or- - : the total cost of the Project to $9.0 billion. These dered by their respective regulatory agencies to - estimates include AFDC but exclude nuclear reduce their investments in the Project. During fuel. The prior cost estimate, prepared by PSNH 1982, PSNH reduced its ownership interest to i in November 1982, were $5.2 billion for the Proj. 35.6% from 50%. ect with commercial operations beginning De-cember 1984, for Unit I and July 1987 for Unit !!. The Company's indenture of first mortgage, de-The Joint Owners did not approve the cost esti. benture indentures and corporate charter spec-mates as submitted; additionally, a vote was ify earnings coverage and other conditions taken to cancel Unit 11 which did not pass (the which must be complied with prior to the issu-Company voted for cancellation). The Company ance of additional First Mortgage Bonds, De-is unable to predict the achievability of the cur. bentures, or additional shares of Preferred rent cost estimates or projected commercial op. Stock; included in earnings for various coverage eration dates. purposes is all or a portion of other income (which includes AFDC-equity funds) and AFDC-Construction Delays Construction of the Proj. borrowed funds. ect has been plagued by numerous delays and the inflationary environment of the 1970's and If the Project has significant additional cost ' early 1980's, which have resulted in significantly overages, the Company's ability to finance the increased costs. The delays result, primarily, additional costs may be severely limited, de-from increasingly restrictive regulatory oversight pendent upon timely and appropriate rate relief at the Federal and state jurisdictional levels and by the PUC, satisfaction of earnings coverage ra-engineering changes. The imposition of addi- tios, economic conditions, the Company's ac-tional construction and/or operating regulations cessibility to capital markets, and the continued by various regulatory agencies and renewed availabi!ity of short-term credit arrangements. high levels of inflation are possible; the Com-pany is unable to predict the effect of further in- Project Completion in September 1983, the

                                                                                                                         ~

creases in cost estimates and construction Joint Owners of the Project unanimously voted  ? delays on the ability of any one or ccmbination to reduce expenditures on Unit il to the lowest - of the owners to continue financing the Project, feasible level until the completion of fuel loading . or the ultimate costs or operation thereof. for Unit I, unless construction of Unit il is termi-nated prior to such time. These cost escalations and delays in the con-struction completion dates have resulted in the in the event that the completion or operation of AFDC (a credit to income) being, approximately the Project is prevented, the Company would 92%,103% and 104% in 1983,1932, and 1981 of have to request author zation from the PUC to - - net income, respectively. amortize its investment over an appropriate pe- . . 18 F

riod and to recover its investment through elec- opportunity of becoming shareholders of the tric rates. If the PUC determined that any portion Company and, at the same time, achieves certain of the Company's investment was not recover- tax benefits for the Company. All employees with able through electric rate adjustments, then the one or more years of service are eligible to partic-Company would charge against earnings the un- ipate in the plan; each year the Company con-recoverable portion of its investment. If such a tributes to the plan shares cf common stock (or charge against earnings substantially reduces an equivalent amount of cash to be used to pur-common shareholders' equity, the Company's chase common stock) with a value, as defined, ability thereafter to pay dividends could be im- equal to 1% of the Company's qualified invest-paired (See Note 7). ments in property for the years ended December 31,1982 and 1981, and equal to 1/2% of the Company's payroll for the year ended December

10. CONSTRUCTION PROGRAM 31,1983. The contribution to the plan amounted to approximately $100,000, $90,000 and $67,000 See Construction Section on page 5. for the years ended December 31,1983,1982 and 1981, respectively. Amounts contributed are ac-cumulated in individual member accounts and
11. EMPLOYEES' STOCK OWNERSHIP PLAN are avaitable for distribution upon termination of employment after an appropriate waiting period The Company has an employee stock ownership required by federal statute. Amounts in individual plan that provides eligible employees with the member accounts are 100% vested at all times.
12. QUARTERLY INFORMATION (unaudited)

Presented below are financial data showing results for each quarter in the two years ended December 31,1983: (Dollars in Thousands Except Per Share Amounts) 1983 By Quarter 1st 2nd 3rd 4th Operating Revenues $9,210 $8,271 $7,432 $8,271 Operating Expenses (7,603) (6,172) (6,438) (7,412) Operating income 1,607 2,099 994 859 Interest Charges (700) (593) (406) (438) Other income-Net 716 635 758 803 Net income $1,623 $2,141 $1,346 $1,224 Earnings Per Common Share: $ 2.12 $ 2.50 $ 1.06 $ 1.00 1982 By Quarter 1st 2nd 3rd 4th Operating Revenues $8,757 $7,533 $6,689 $8,165 Operating Expenses (7,454) (5,742) (5,794) (7,443) Operating income 1,303 1,791 895 722 Interest Charges (269) (586) (681) (626) Other income-Net 407 507 557 640 Net income $1,441 $1,712 $ 771 $ 736 Earnings Per Common Share: $ 1.90 $ 2.28 $ .91 $ .86 19

Maine Public Service Company and Subsidiary D****** statements of capitalization

                                                                                                                                             ~

1983 1982 l s common shareholders equitf: ' Common Stock, $7 Par Value-2,000,000 Authorized Shares; 916,060 Shares in 1983 and 699,807 Shares in 1982 issued and O u tsta nd i n g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,412,420 $ 4,898,649 Pa id-i n-cap i tal . . . . . . . . . . . l . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,471,552 2,021.157 Reta i ned ea rn i ng s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,494,571 16,490,514 Total................................................. ~ $32,378,543 $23,410,320 redeemable cumulative preferred stock: Redeemable Cumulative Preferred Stock. $50 Par Value-Authorized.

            ,    270,000 Shares (issuable in series):                                                                                                                      '

4.75% Series-Originally issued 40,000 Shares: Outstanding, 6,580 Shares in 1983 and 7,780 Shares in 1982. . . . . . . . . . . . . . . . . $ 329,000 $ 389,000 9%% Series-Originally issued 30,000 Shares; Outstanding, 26,400 Shares in 1983 and 27,300 Shares in 1982 . . . . . . . . . . . . . . . 1,320,000 1.365,000 9%% Series-Originally issued and Gestanding, 80.000 Shares. . . . 4,000.000 4,000,000 13% Series-Originally Issued and Outstanding,60,000 Shares . . . 3,000,000 Total.........}......................................

                                                                                                                                               $ 8,649,000   5 5.754,000
                                                             ~I-long-term debt:                                          h Maine Public Service Company:

First Mortgage and Collateral Trust Bonds: 3.35% Series due 1985-Interest Payable, February 1 and August 1 $ 1,460,000 $ 1.480.000 5%% Series due 1990-interest Payable, March 1 and Sept.1. 1,540,000 1,560,000 4%% - Series due 1995-Interest Payable, January 1 and July 1. 2,050,000 2,075.000 7%% Series due 1998-interest Payable, May 1 and November 1. 3,440,000 3,480,000 7.95% Series due 2003-Interest Payable, March 1 and Sept.1. 2,275,000 2.300,000 A 10%% Series due 1995-interest Payable, March 1 and Sept.1.. 3,280,000 3,400.000 lJ 10%% Series due 2004-interest Payable, April 1 and Oct.1. . . . . . . 8,000,000 8,000,000 13%% Series due 1992-interest Payable, June 1 and Dec.1. . . . . . 7,000,000 Debentures: 9%%, due 1995-interest Payablo, May 1 and November 1. . . . . . . . 972,000 1,026,000 > 14%, due 1990-Interest Payable, February 1 and August 1. . . . . . . . 9,000,000 Maine & New Brunswick Electrical Power Company, Limited: First Mortgage. Bonds-5'%% Series due 1989-Interest Payable. J u ne 1 and Decem ber 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 810,432 959,040 1 Total O u tsta n din g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,827,432 24,280,040 , Less-Amount due Within One Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 445,504 446,560 ' s Total............................................................. 39,381,928 23,833,480 l Short-Term Debt Refinanced (Note 5,U. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,000,000 Lo ng -Te rm Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $39,381,928 $39,833,480 s Curre$t Maturities of Long-Term Debt for the Succeeding Five i Years Are as Follows:

                       ' 1984-$ 445,504                        1986-$626,560                            1988-$826,560 V           1985-$2,266,560                      1987-$826.560                                >

See Notes to Consolidated Financial Statements.

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20

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auditors' report MAINE PUBLIC SERVICE COMPANY: dated February 23,1983, our opinion on the 1982 and 1981 financial statements was unqualified; We have examined the consolidated balance however,in view of the matters referred to above, sheets and the statements of capitalization of our present opinion on the 1982 and 1981 finan-Maine Public Service Company and its subsid- cial statements, as expressed herein, is different lary, Maine and New Brunswick Electrical Power from that expressed in our previous report. Company, Limited, as of December 31,1983 and 1982, and the related statements of consolidated in our opinion, subject to the effects on the con-income, preferred stock, and common share- solidated financial statements of such adjust-holders' equity, and source of consolidated ments, if any, as might have been required had funds for plant additions and replacements for the outcome of the uncertainties referred to in each of the three years in the period ended De- the preceding paragraph been known, such fi-cember 31,1983. Our examir'ations were made in nancial statements present fairly the financial accordance with generally accepted auditing position of the companies at December 31,1983 standarus and, accordingly, included such tests and 1982 and the results of their operations and of the accounting records and such other audit- the source of funds for plant additions and re-ing procedures as we considered necessary in placements for each of the three fears in the pe-the circumstances. riod ended December 31, 1983, in conformity with generally accepted accounting principles Maine Public Service Company is an investor in applied on a consistent basis. the Seabrook Nuclear Power Project Units I and 11 (the Proiect) which are presently under con-struction. As more fully discussed in Note 9, on March 1,1984, the event described under "Sub- DELOITTE HASKINS & SELLS sequent Event" occurred and uncertainties exist Boston, February 22,1984 as to construction costs and commercial opera- (March 1,1984 as to the subsequent event re-tion dates both of which willimpact the financing ferred to in Note 9 to the consolidated financial capabilities of the Joint Owners. In our rer. ort statements) l f

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4 = 5 ENERGY EFFICIENT APPLIANCE REBATE PROGRAM - Consumer Services and Information Representative, Charlene Quigley, coordinates new appliance rebate prccedures with Merle Cormier. Appliance Salesman. 21

Maine Public Service Company and Subsidiary ' consolidated 1983 1982 1981 Capitalization (year end)

Long-term debt . . . . . . . . . . . ... ... .. .. . . 49.26% 45.43% 49.14 %

Preferred Stock . . . . . . . . . . . ...... . . . . ...... . 10.70 % 10.77% 11.33 %

Common Shareholders' Equity . ..... . . . 40.04 % 43.80% 39.53 %

Times interest Earned

  • Before income Taxes . ... ..... .. .. . . ... 2.53 1.86 1.73 Af ter income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.20 1.91 1.76
Times Interest and Preferred Dividends Eamed
  • _ Af ter Income Taxes . . . . . . . . . . . . . . ...... . .. . 1.90 1.73 1.56 E Embedded Cost of Long-Term Debt (year end) .. 10.74 % 8.37 % 8.28%

Embedded Cost of Preferred Stock (year end) . ... . . . 10.90% 9.50% 9.4C% Common Shares Outstanding (year end) . . . . . . . . .. .. . 916.060 699,807 683,210 Eamings Per Share of Common Stock (average shares) , . $ 6.68 $ 5.95 $ 4.04 s Dividends Per Share of Common Stock-Declared Basis . . . . . . . .... . .... .. . . . . . $ 2.27 $ 2.12 $ 1.92 i Pa id Ba sis . . . . . . . . . . . . . . . . . . . . . . . . . Common Stock Dividend Payout Ratio . . . .

                                                                                                                        . .                 $ 2.22 33.98%
                                                                                                                                                                 $ 2.07 35.63 %
                                                                                                                                                                                $ 1.92 47.53 %

7 Book Value Per Share of Common Stock (year end) . ..... $35.35 $33.45 $29.93 Market Price Per Share of Common Stock High . . . . . . . . .. .. . . .. ... .. .. . $ 27% $ 23% $ 15% Low.. $ 13W

                        . .. . . ..                       . ..          .. .          .. .                          .       .               $ 21                 $ 14%

Close .............. . .......

                                                      . .     .               .                        ..                         .         $ 25%                $ 21%          $ 14%
   .      Price Eamings Ratio (year end) . . . . . .....          .                           .           .           .                         3.87                 3.57         3.53 r          Number of Common Shareholders (year end).                                                                                          3,503                 3,297         3,351

[

  • Consolidated net earnings include AFDC.

e 7 19s3 SOURCE of INCOME 19s3 DISTRIBUTION oF INCOME { MWiens of Douars potal Sht) and percent of total Mmlens of Domars Fetal $36.1) and porcent of total i E =_ 3 E yE , - 4:

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i financial statistics 1980 1979 1978 1977 1976 1975 1974 1973 51.02% 52.50 % 50.63 % 53.59% 56.39% 57.94 % 56.08% 57.73 % 11.74 % 11.73 % 5.48% 5.77 % 6.07 % 6.29% 6.76 % 7.00 % 37.24% 35.77% 43.89% 40.64 % 37.54 % 35.77% 37.16 % 35.27% 1.83 2.48 4.27 3.92 3.01 2.80 3.53 3.14 1.76 2.02 2.89 2.67 2.10 2.01 2.35 2.21 1.51 1.84 2.58 2.39 1.87 1.76 2.02 1.90 8.27% 8.10% 7.16% 7.15% 7.12% 7.10% 5.88% 5.88 % 9.42% 9.38 % 8.51 % 8.41 % 8.32% 8.24 % 8.16% 8.09 % 678,307 673,025 667,038 665.734 665,734 665,734 665,734 665,734

  $ 2.86                   $ 3.80             $ 3.97                                      $ 3.54                                                           $ 2.25                    $ 1.79                         $ 2.41        $ 1.87
  $ 1.92             ,
                           $ 1.84             $ 1.61                                       $ 1.46                                                          $ 1.34                    $ 1.31                         $ 1.28        $ 1.26
  $ 1.90                   $ 1.79             $ 1.58                                       $ 1.43                                                          $ 1.32                    $ 1.30                         $ 1.28        $ 1.24 67.13%                  48.42%               40.55%                                        41.24 %                                                          59.56%                73.18 %                         53.01 %       67.51 %
  $27.90                   $27.50             $25.57                                       $23.16                                                           $20.91                   $19.74                         $19.54         $18.37
  $ 18%                    $ 19%              $ 20%                                        $ 19%                                                            $ 16%                    $ 14%                          $ 15%          $ 16%
  $ 13%                    $ 16%              $ 17%                                        $ 15%                                                            $ 13%                    $ 9%                           $ 8%           $ 13
  $ 15%                    $ 16%               $ 17%                                       $ 18%                                                            $ 15%                    $ 13%                          $ 9            $ 14 5.38                    4.41                 4.41                                              5.12                                                             7.06               7.47                           3.73          7.49 3,482                   3,522                3,577                                         3,616                                                             3,683                3,753                           3,807         3,835 s

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RESIDENTIAL ENERGY CONSERVATION LOAN PROGRAM - Howard and Diane Giberson of Fort Fairfield listen to Consumer Service and information Representative, Jerry Kilby (left) as he explains the details of the Company's Residential Conservation Loan Program.

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i INDEX ' " " " ' " " ' ""a' L_, , 5HEET Mmine Public Service Comptny December: 1983 DESCRIPTION EIUE NO.

    =

FINANCIAL REPORT Consolidated Income Accounts 1- 2 Consolidated Retained Earnings Accounts 3 Cash Reconciliation 4 Fluctuation in Certain Assets and Liabilities 5 I Income Accounts 6' Retained Earnings Accounts 8 Detail of Income Accounts 9-11 Assets and Other Debits 12 Liabilities and Other Credits 13 I Detail of Balance Sheet Accounts 14-19 Comp tation of Federal In:ome Tax 20-21 Distribution of Income Tax 22 Detail of Taxes 24-25 Operating Revenues and Statistics - Electric 26-30 Marketing Statistics 31 Detail of Purchased Power 22-33 Consclidat ed System Prode: tion Data 3* Operating Expenses Summary - Electric 35=36 Operating Expenses - Electric 17-43 l Fuel Statistics - Electric . 44-46 , Summary of Electric Plant - Depreciation - Amortization 47 Analysis of Accumulated Provision for Depreciation of Utility Plant in Service 48-49 Electric Plant Accounts 50-51 Improvement and Retirement Requisitions 52-59 l l W Bondable Additions & Minimum Provision for Depreciation 60-61 l Payroll Data - Electric 62 Detail of Cross Charges for Elimination 63 Earnings Available for Interest (End of year only) 6- ~ ,

e. A Pge no cou;ANY N AME MONTH oF INCOME ACCOUNTS I Meine Publi6 Servic e Co. & Sdsidiary Dec e mb e r , 1983 CONSOLIDATED e3u s I

                                                                                                                                       ^

h THIS YEAR THIS Yc AR LAST YEAR ACTUAL [E R A yZ BUDGET ACTUAL ACT a' gH EARS i  : remarma nevrNurs i 3 053 900 J 054 539 2 984 953 09 550 7 P 'n ATiNG c1PrNsas 53 oetaAToN - puncwasco pow a 1 101 600 1 304 165 1 685 91- (381 762) o oPERATON - OTHER 1 097 500 842 706 551 794 290 912

         ;      uamTENANcc                                                        68 200            86 199        95 328           (9 129)         Q j      oEPRECIATON                                             {       148 400           143 985        140 407             3 578         M 7       AwoRT12ATCN                                             l               .                 44           44                     -

g TAXES oTHER TMAN INCouE T A=ES I i 91 100 8; 932 88 108 (1;f)

         ,      accurtaxes                                    1         I         25 000           41 725      (3t9 400)         411 125 9o         ocreanto iNcouc Taits - actArco To ruct                 I         g2 100)          44 991        It0 446      (115 455) n        oTHca otronaco . Ncout TAxos                                      5 500           169 790        295 192      (125 402) ja 1                                                                             ,

svosTucNT Tax cacoit I  ! (4 400) (41 272) (267 3'5) 226 103 W3 l l TOTAL oPan4 TING rXPrNses j i 2 642 600 2 e60 265 2 360 Ali 299 794 g; ,rnarma mcour l l All .00 ai4 2?4 604 464 (230 208) gs cTwr= Ncour ANo orouctioNs 17

  ~

m ronticN cacwasac cam rtoss,

                                                              !                   (3 S00)            2 69p        (6 792;            9 482
  ~

e rouiry a taasmos or suesiciaav l o eouiTT m c A=Nmos or ;v cos i 29 200 2i 991 29 003 (1 012) 21 _$2 micacsT ANo orvotNo mcouc '00 8 576 1 173 7 403 Es Aruoc otsca ruNos i 285 900 248 620 181 TIS 66 905 2a uiscruANEous NoNoaca*Tsc mcout l - -

  ~E'3                       total oTHaa :Ncour                 l        I      312 000          28' 87-        105 099 1 402 82 7'8           j 27       orson iscevt ocoucticNs                         l l          4 200          33 580                          32 1 8 3      TaxescT eat-aNiNcout                           i         !                -

41 41 _ r 9 INCCut taxes i f (1 ~00) G 2 'J8) (114) (13 594; { o ocFERRf o tNCouE T ANES I I (4 ~00, (4 319) (4 81') 498 _3i uisecuAstous amonTi24TcN 1  ! !00 1 119 1 ~.19 . 12 net oTHen iNeoMr ANo otDuctioNs I l 31.5 100  ? 0 164 z0^ 468 62 696 } 3 sNcour erro=r iNTrnas7 chances  ! l 724 200 1 644 4 48 811 950 (1(

  • 51 2) i 34 iNTrnest cHanors I i ys mTratsv oN tono-Traw oest I l 350 00 350 045 168 618 181 42-p Aucar:zAros or oceT paru c:sc a cra-NrT  !  ! 3 300 9 536 102 6 434
     ~37        mTERcST oN oteT To ASSoClaTEo CouraN'ES         j         l

_s; oT-ra mTrarst rx rNst i i 1-~ 200 84 06 285 958 (201 88e> En aruoc - Boaaowto rusos <catoiT, I l 1316 200; (295 40.) (20' 39'i 't88 010) l, EB4 e Auoni or cam oN ntecounco ot er - ca j t42 'o0i 42 :60 - a Torat NTantsT cw Anors i ll 204 009 l a48 .'50 20s Szl i59 271)

     $2       mcour stront earnaono NAnT iTrus                   i ll      519 tUO l        496 188        604 %9        e108 241) g43        cmT= Aonomant #Neoue Ano oroucTioNs                       ll a        cunicaomaav itcus caoss                         1         l g4s         mcout TAxcs                                     }        I
4) TOTAL rITnaomoiNanT errMs . Na7 l l 77 af mcour

{  ! 519 600 J 496 188 e04 429 (108 241) o erramaro stocn omorNo arouinsurNTs ll t ~5 500 l 76 749 44 856 31 893 , 4e =ta cc ren comuoN stocn il li 444 100 1 419 439 559 5i a140 134,  ; so aca*cr Nuustr or s-aats oursT ANoma li t cia :ta 916 060 699 SO 216 253 A si oopasciarcN c-c o Ta>Nsa t-tN*ts cttanc, optaa,c~ uant as a s on orca at <tsur Qi 1 8 053

                                                                                                      '3.1 8 696 78_2 L643)

( 5 1)  : In 53 sa scour eteoat cxT ivrus as a s or oroa acv taaNmGS F(a SMah[ OF COuuCN sToCR AVG j l j 16 2 20,/ (4 0)  ; 6t' car tomaca>Naar cE uS ll l' 45 8e 80 Og i. 3 4 . 2 ) e , arToa ExTpacao N4=v etus _____._1__________ 45 sc ( 34 2jn I.ss-

         ,2 W                   _

90 0: , i w_. j

i INCOtiE i ACCOUNTS COMPANY NJ.ME MONTH OF P/,GE NO

     'sao2                                               Maine Publi: Service Cc & Subsidicry                         De c unb e r . 1983        2

[ FISCAL YEAR TO D ATE TWELVE MONTHS ENDED THIS MONTH THIS YEAR TH!SYEAR LAST YEAR ECF4E ASE) THIS YE AR LAST YEAR BUDG ET ACTUAL ACTUAL ACTgA THyEAR ACTUAL ACTUAL 32 5/6 100 33 183 752 31 144 0'0 2 039 682 i I 12 536 600 11 61.0 100 12 880 854 9 035 905 16 020 231 6 868 171 (3 139 377) 2 167 734 2 3 4 1 185 (00 1 133 146 1 067 658 65 488 s 1 730 900 1 760 545 1 747 (86 12 859 6

                                 .                 44                  8 321                (8 277)                                                  7 1 099 _00                 999 401               993 15'                    6 244                                                  e I                    273 (6'4
00 400; 372 746 (392 203) 1 375 971 (693 '76) 563 410 1 066 522 (955 613)

S

                                                                                                                                                    'o 3 8    300                                 198 836             1 177 0'S                                                     ii (52    800)         458 482               (340 924)               799 406                                                   i2 13 28 096 700               27 624 891            26 432 830              1 192 061        'l                                           54 I                                      5 558 861                                       847 621 4 711 240                                                                            is 5 429 400                                                                           I i6 17 (4f 500)                  611                       170                  341                                                is 19
  • 4 - 000 330 864 333 661 (2 797) ao 21 39 200 15 704 41 100 (25 396) 22 3 044 400 2 661 612 1 813 859 847 753 23 1 600 550 1 655 (1 10.* ) 24 25 I 3 365 '00 54 500 3 009 341 101 919 2 190 545 39 435 818 796 62 484 26 27 28 600 516 510 -

18 100 (18 318) 26 011 (44 329) 2e 240 ( 61 ', 301 3o 13 400 13 428 le 428 - si I 3 J99 109 6 e5 507 l I 2 911 556 6 410 41) 1 1 2 ill 216 I 6 822 456 1 800 340 1 647 961 11 li 1 32 33 34 4 080 900 4 079 988 2 Os9 242 2 030 '46 35 I 16 (00 54 867 I f 9 ' .* 37 894 36 37 18G $00 1 164 560 3 102 595 (1 938 035) 38 I i346 8 0 ^. , 2 46, J00 l (3 162 484; 2 136 931 1 (2 964 020: 2 (45 '60 te-. 0 - c, (198 464) 42 '60 (25 099e il 38 do 41 6 JA6 300 1 6 353 4M6 I 4 660 he i 1 6~- 060 11 42 i 43 44 as ll ' 46 _ J 7bf _ Q9 6 M 486 4 6tg 4_ L_1 0'3 060 _j_______ 47 4e

                          ?? .on            R2n 624                 so! 01A               28 706          l I               5 556 100
                        ^H        0 1    5 s12 R62 825 254 111 241 4 1'c 508 612 694 11' 18 1 394 354 132 560 i5 937) 1                                        49 so 51
                                                                                               <7 4)                                               e2 69 5                       's 3 15,0                                                                    53 19 1                                            4_1 S4 59s.6c                                                                     ss 661.0L                                          73 4e _           _
       . - - - - - .                 .-       h R_L-       -

5 9EN =__ _ __'AltL = ==== =-. _ _ --- . i

e cz - o~ ra o r.a - , R AINED EARNINGS ACCOUNTS &a v ~ -- + Maine Public Service Co. & Subsidiary Dece mber s 1983 3 a ssx b CON 50ldDATED AL AR w M NTHs DESCRIPTION MONTH TO DATE ENDED THl$ MONTH E uRernor:i ATEo nETAiNEo EAnNiNas . Av sTant Or PEmion 18 998 383 16 490 514 P tor P2_TICD ITEMS

I Iwcows TAats 16 490 514 u.: Arez- ens ATEo nETAiNEo E Ann Nas . Ao;usTEo 18 998 383 iNC ME 496 188 6 333 486 19 494 571 TOTAL 22 824 000 "TN 77 DECLARED AND/OR ACCRutO E Common Stock 1 957 721 El 4-3/4% Preferred Stock 17 052 9-7/8% Prefer red Stock 132 572

_g 9 5/87. Preferred Stock 385 000 Preferred Stock 286 000 5 13% i ';u:TMENTS TO RETAINEO EARNINGS 103 127 igat of Isruire 60 0G0 Shares 11% Preferred SLock 447 957 Jg t of Isuring 200 000 Shares of Common Stort lNCour Tants TOTAi. 3 329 429 PP21PRI ATED RETAINED E ARNINGS . AT END OF PERIOD 19 494 571 19 494 571

I  !

i l m M l- D

I D I '
     ~I                                                                                                                   l I                                                          -                        __        - -

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r m m m m m m m m m m m M CASH RECONCluATION co""' a = " ' a'" s ' *

  • aa -

cesa n Maine Public Service Company December, 1983 4 MONTH H FISCAL YEAR TO DATE a

                                                                                                                                                  . g Jcn,                                                    N AcruAt               ruoorr      i                  ,   AcTuat      i     suoorr             ,gJco, i

o,..u... n.v ~u.. l 3 036 066 3 032 400 l 3 666 h 33 007 069 33 361 800 o r-2. i co....n u { O2 33/) (1 800)i (10 537)d (68 022) (26 100) (354 (41 922 731)i vormt i 3 02J /29 1 3 030 600 1 (6 8711u 32 939 047 i 33 335 700 (396 653) 8 _oroucTion s ll

 '            o,. .u m,.                                                                                  2 315 958             2 300 400            15 558 !i 21 740 949            23 477 000        (1 736 051) l                                                                                                                                                           4
  !            .m      r.   . c.                                                                              86 985                52 400           34 585 ti 1 001 905               1 031 400           (29 495_1 l          re . e.,o-r.o...t . . svu                          i~co..

4 54 000 54 000 t -or,... D es s S eabrook -- 2,559) 39 536 38 300 1 236 F 1 045 594 1 139 100 (93 50611 l i .. u .r p. .a o to ..T... o. ., _ { 49 281 49 300 (19)H 3 430 555 3 430 700 (145.)j l o r .. i v u u eu.. r. l 201 294 509 700 (308 406)0 1 095 047 1 983 800 (838 753) j s... . ru.o pu , .. J 25 0'00 25 000 - H 304 000 304 000 - i n .cou.u o secu..r... p - - - f 96 175 105 000 (8 8251 Bonds Retired 1

                                                                                                                                          - 1              -

tl - - -

   !           o..o        o     p..o-ru,..no                                                       j       230 244                226 500 {           3 744 H      820 625               722 200           98 425 l I-~                                -co. o                                                        l       531 315                431200l          100 115 h 1 957 721                1 608 000           349 72_

Lady mtment_of Wyman_ Accruals ______ l u (2 342) _ (2 34 A rorat oroucrions _}i 3 479 6 13 1 3 632 600 i (153 181)o 31 544 229 I 33 801 200 ! (2 256 971)! I n t. c.

                                                                                                   }       (4 5 5 88 '+ )         (602 200)!        146 316 1 1 394 818                 (465 500)       1 860 318 i i L"U ;'v .1E.'l.','.*1='o'Ct '1"t N.'. 'E[c"em"' ~ *
                                                          ' ~ ' ~ ~ ~

ll 18 994 205 300 l (186 306)ii (10 499) (54 900) 44 401 i [-- ..u.. (436 690) (396 900) (39 990)1 1 384 319 (520 400) 1 904 719 l

         ~u', 62.2..i.~,oTc ,... no..c~..                                 e,~.    ..
                                                                                                   }h         (5 867)                4 200          (10 067)pp        68 782 l          1.. n co.. u o ro or . 1 .                        1.. a.......
                                                                                                    ![                                        ,                                           110 600          (41 818]J or.uc.. .o            c  ....o     ,o orw = 1 .            o. . r.. ~u               il         8 039                 9 500 l         (1 461) [      110 219               113 800           (3 581)j I         cash Dividends from J.V. & Sub. Compa$1en                                                             -                     -    1
                                                                                                                                                           -   ;I   336 618               337 400               (782)!
     .               ..u.c.                                                                          1     W34 718) I             (383 200)j        (51 518)y 1 899 9J8         i          41 400       1 858 538 '

n ou.u .. . [<j",K,';jpg"] F W 577 872 300 i 113 277 h 10 442 228 12 356 600 (1 914 372)j [~o~.oec W R .ucr.o i MEPCO Stock Redemption )g i 5 500 5 500 ! - i

     ;               s .u .c .

k (1 4 20_295) (1 255 500)i (164 795) i (8 536 790) (12 309 700) 377291Q t aoo e.oce.o. r.o. r...~c. . Is. on..o eno.1  ! 1 507 081 1 210 000 ; 297 081 , 8 262 610 12 200 000 (3 937 310)_j c u . .u .c .- . . .. . . . . . .. r. . .. . I 2812 487 279 400 i 3 087 :l 643 453 1 343 600 299 851 I cu .u.c.-a.o ., r.w... p 369 z/3 i 233 900 i 135 373 369 273  ! 233_9_Q0 1.3s 171 g t-riocuros reone ridn_cLwo_  ! j; l nor . rums inu.o 2 500 000 1 200 000 ! 1 300 000 h 13 400_000 12 300 000 i i ng_noa__ s.t. o, to ..r. .. on . , i; - l " 16 000 000 16 000 000 - t sua o svoc. - Common

                                                                                                     $        13 499                10 000 !           3 499 4 5 695 341               5 290 000           405 341 1
                                        - Preferred                                                  d                                         1               0 3 000 000                              3 000 000 i         tu.-~oru rume nenno                                                                  ii 1 000 000                         - !    1 000 000 t! 29 200 000             21 000 000         8 200 000 l               -r...~c...a.n~u c ..no                                                        H          6 418                     - !          6 418 4      632 731               390 000          242 731 i
       ,                                                                                                                                       l               H nry enocreos rnom rimancano
                                                                                                       ! 1 50/ 08t         i_1 210 000 1 29/ 081 3 8 262 610           1  12 200 000 1 (3 937 390)
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INCOME ACCOUNTS JI No ccueANT Naut J5sid6F - - ~ ~--

               - ,           Moine Public Service Conpany                                               De a n% r     1985                                            essi e5 h[            THIS YE AR                THIS Yt AR              LAST TEAR       d [pf#

3^8 Z BUoGET ACTUAL ACTUAL lO O ACTUa4 OvE =THIS t a 5TYtARs raraTmo nevrNuts 26 1 3 Of2 400 3 036 060 2 970 022 66 044 2 iP22ATING EXPENSES

~T     E oetaaToN - emesisto rowcR ceta ton.orsta 32 35 1 258 700 1 062 600 1 437 638 806 012 1 755 787 518 631 (318 149) 287 381 s           wasTcNaNcc                                         35                 52 4DJ                   86 985                 71 937             15 048
~9                     ot m cciaTo N                                                        138 000                 132 144                 128 595 bk 3 549        l 0

J AuORTIZAToN l 87 390

                                                                                                            =

k_h_ 84 324 a Taxes OTson TwaN mcout TAxts 44 83 231_ (1 0431_ ar WCouE TAXES 9 I i 00 (4 100) (3'; 138) 368 038 otronato scout TAxts - act4Tro To rutt 9 i (2 103) 44 991_ 160 h 6 (115 455T I oTHER DEFEReto - INCOut TAxts 9 57 500 169 '90 295 192 (125 402) 22 mcstucNT Tan catoir 10 (4 400) (41_222) (267 3'5) 226 103 m Ei m ToTat orenATmo rmerNses 1 2 651 '00 2 715 51 3 2 355 443 340 070 e c erafiNo aNcoms l 380 00 320 $53 594 579 #274 026) STHln INCOME AND otoucTIoNs IN rORE6GN cxCHANGt G AW 4LOssi go touity m t AaN~c5 or suesio. ant 19 500 49 138 (5 103) 54 241 33 ccurTT m canN%cs or ;v cos 11 1 29 200 27_391 29 003 (1 012)

       "21 22               mTEatsT ANo oMDENo WCout                           10                         ~00              8 576                  2 006              6 570 3          uuoc . oTsca ruNos                           l                    285 900                  248 620                 181 715            66 905__

E4 MLSCELL ANEOus NONOrtsaTWG WCOut = . = . 2J

                                    '  ' " ' ' ' ~ ' ~'             '          '        "" '"                    ' ' ' ' '               '"'            ' 
 -l'7                   oTsc mcCue ocoucTicNs                          11 0       1           4 200                  3LAHO                    1 402            32 178 as             T xt s OT tm TsaN iNccut                      12 4       1 41                    41                   -

INCOME Taxes io i (1 00) (12 '081_. 300 e11 00 1 c otria co ncout rancs (4 .001 ( 4_llSJ_ (4 817) 498

  ~19         i           uscELLANtoUS AMORTitAfoN

{

                                                                                  !           1 100                    1 114                  1 119                     -

32 Nc7 ornan mcoma aNo oroucTions  ! 06 400 31r 61? 209 F t  ! (17 04 3 INcswa ssrons sNTrntsT cHanoes  ! I 'l' 100 A r i f :, 80- ~55 (166 0o03 _54 NTrnest cuanors i i as mTentsT ON tono Trau oteT q) 1 ;4f -00 346 157 Ith 029 182 128 auOnTizaToN or ocsT ratu orsc a txe -Ntt  ! l 1 ,30 7 655 1 211 6 444 Is

       ~3; 7           NTEREsT ON oEBT TO AssOCIATEo couPaN:ts       l yi 82 572 284 643          (202 0713 oT ca mTratsttxerNsc                                      i       l't 100 5          uuoc . eCanowto ruNos iCatom                    I         l      ( 3;.t 200i             f295 40'               (20' 397i           (88 010)

(42 760) o cuomT. Or can oN atacouinto otst ca i I . 42 760

   ~

1 ToTat sNTrnesi cnances i b l a- S r)<1 1 140 9 199 72e t58 749) - c2 mezur stront exTnaonOINan? ITEMS f 519 t 00 1 49e 188 e 04 4 4 (108 241) 33 csinaonoiNan? Ncoms aNo ocoucfroNs i  ; g 5: cxTaaoaoaaaT 'Te us saoss ' 1 M cs mccuc Tancs i I

                ')           ToTat ERTnaonolNanT ITEMS . NET                       j 7    N"t? INCoM E                                                ll        5~.9 t00                496 188                 604 4L4,__ _QO,8, 2_4,1.)_
            , ')     PMrEnnto sfoCM olvlDEND nEQUlnEMENTs                 f                    $ $09                 If 749                  44 8 SI-          3} 893 3     U.taNec ron common sfocx                             l        1       444 J0O             l   419 439                 5A4 t ' '*       (140 134) o         avem asc Nuustn or s-aar s odTsT AND'NG           [        l      h,         $6*          916 060                 699 80'           21t 253 M1                CEPmtciAT ON CMG C TaaNsP EiPcNSE5 CLC aalNG               1                                  8 _0 39 _     _

8 47; L4141 32 cr[m A ton a waAT as a g 08 OPER REVENut l 7f 8 '4_Q (2 23 (4 1) ' 3 WCOut StFOst txt ITCM5 as a % Of oPER RCy l - 16.3 - 20.4 g _.Ia ss canN%ss eca s-aat os couu N sTocx avo strOac c caacaosaaetus I 45 8e BC Ge (34 2)c. g arTu scnaOmoNaav.tcus --4 5 . 5k = = - - - 80 Oc

                                                                                                                                                - - - -  -= -( 3 4 a.)   2 e

m m- - - -

                                                                                                    =     w- =                     =

_-- . = = . - - - - - . _ - - t ,

e COMPCM Pe AUC MOCdTH OF POGE NO I

  • INCOME ssio 2 ' _

ACCOUNTS _ Maine Public Service Company December, 1983 7 FISCAL YEAR TO DATE TWELVE MONTHS ENDED THIS MONTH

                    *"                                                            ^                                      "

e"b*ocCT *"$rb5I" A AcTb5I" ac ^  ; E^a ^$7 $Nu$t 33 361 800 33 007 069 31 059 322 1 947 747 i 2 13 742 100 13 727 550 16 718 236 (2 990 686) 3 11 256 700 8 658 310 __6_149_9_20 2 108 390 4 i 1 031 400 1 001 905 8M_667 120 238 s 1 656 000 1 618 459 1 605_350 12 509 e

                        -                44                8 321               (8 277)                                               7 1 051 500              958 660                957 435                  1 225                                               s I               (24 300)

(674 4003 338 000 234 310 (392 203) 1 375 971 (700 294) 563 410 198 896 934 604 (955 613J ____ 1 177 075 e to it (SL&001 458 482 (340 924) 799 406 i2 13 28 374 300 27 641 488 26 442 617 1 198 871 14 5 037 500 5 365 581 4 616 705 748 876 is I 16 17 is 267 600 124 752 13 993 110 759 to 147 000 330 864 333 661 (2 797) zo 21 51 700 15 545 42 912 (27 367) 22 3 044 400 2 661 612 1 813 859 847 753 23 1 600 550 1 655 (1 105) 24 25 3 712 '400 3 133 323 2 206 080 927 243 2e 54 500 101 919 39 435 62 484 27 f00 516 516 - 28 I (18 318) 26 850 24 300 29 (45 168)__._ 240 (61) 301 3o 13 400 13 428 13 428 - 38 3 619 500 1 3 015 538 l 2 125 412 904 626 Il 1 32 8 65' 000 1 8 401 119 I 6 742 617 1 658 502 Il 1 33

                                                                                                                                         )

34 l 4 0;9 600 4 029 570 1 990 621 2 038 949 35 ' 14 600 52 986 15 082 37 904 se

                                          -                                            .                                          37 1 821 300          1 147 561                3 083 268       (1 935 70')                                                 3e (3 474 800                                 (2 964 020>          (198 464)                                                3e I          2 390 ;00 6 (3 162 484) 2 067 614 1

(42 7601 2 0'(2 141 1 42 760 ( l e. 558) 11

  • do 4i l

e 266 00 1 6 lii 486 i L 660 426 1 1 6'1 060 ll l 42 I I 43 44 ds l l l 46

    - w s-pes -wm                                                       '3;-y-+--                                ---

g 5 5' c 100 1 5 51? 862 4 118 508 1 394 .54 1 4e

               '66     ,o       825_234                  692 694           13 2_16 (L__                                           so 110 219                  114 5:0             clan             _.

si 7 0.3__ 77.8 (6.9, s2 I 19.2 668 Os _ 15.0 594.6e 4.2 73.4g_. _. _ _

                                                                                                                                 ~R s3 s
    =_ == - -=== = = = St.8 0= L =- ==.=.==b4l*=- tC                 = = ==??Ak = - = ~ == - = ==== -- = .= " *
                                                                                                                                        )

mZ a c o ~~ m s -o~m o TAINED EARNINGS ACCOUNTS E, 6s,t n_

  • Maino Public Service Company December, 1983 8 DESCRIPTION MONTH To cATE EN Eo THfs M N H J PPiOPRI ATED RETAINED E ARNINGS . AT START OF PERIOD 16 093 018 13 660 763

[P;iO;PER OD items b Dividands from Subsidiarv Co. (49 138) (124 752) l F Ectity in Earnines from subsidiary L i~co-e Tuts l IN APPOSPRI ATED RETAINED E ARNINGS 16 043 880. ADJUSTED 13 536 011 [NcT iNCs u E 496 188 6 333 486 g TOTAL 16 540 068 19 869 497 IVIEENES DECLARED AND/OR ACCRUED I Comnon stock 1 957 721 3 4-3/4% Pr+ferred Stock 17 052 9-7/8% Preferred Stock 132 572 L 9-5/9*/. Preferred Stock 385 000 137, Freferred Stock 280 000 JUOTM ENTS TO RETAIN ED E ARNINGS Co r. t of I=suinc 60 000 Sharce 13% Prefer re d Suock 103 127 ost of Is ice 200 000 Sh ues of Commen StocW 447 957 l i co-aTues TOTAL 3 329 429 N APPQEPRI ATED RETAINED E ARNINGS

  • AT END OF PERIOD 16 540 068 16 540 068 I

L I '

NGS ( Acc ount 216.1) 2 ^^5 365 2 829 751 IUNAFPROPRIATEDUNDI5TRIBuTEDSUBSIDIARYEARN Balance - Beginning of Feriod 49 138 124 752 i

l Equity in Earnines for Year (Credit ) Dividends Received (Debit) , l Oth-! C h a r.g e s Belence - End of Feriod 2_954 _503_

                                                                                 -                  .__ 2_954 503.._
                                                                                                                                                   ~

Total Retained Earninec at End of Peried 19 494 571 19 494 571 l

                                                                                                                                                   ! ~

T L I I m.m.- e_

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                                                                                                                                                       )

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                                                                                                                                                                                            ~ ~ ~

DETAIL OF INCOME AND EARNED co- - = mmu ***ao  ! 3 . SgUS ACCOUNTS Maine Public Service Company Deccmber, 1983 9 FtSCAL YEAR TWELVE MONTHS DESCRIPTION MONTH To DATE ENDED THis MONTH i I n c.one T a xe s - U t i l igo,pe r a t in,.3 _ _ 409.1 Federal Taxes for v_ ear 1983 4 001 101 125 Federal Taxes for year 1982 I Federal Taxes for year 1981 I State Taxes for year 1983 State Taxes for year 19B2 State Taxes, for year 1981 (8 101) 133 185 _ (4 1,00) 234 310. Income Tawes - Other Income & Deductions - 409 2 Federal Taxes for year 1983 (10 475) (15 099) l i Federal Taxes for year 1982 I State Taxes for year 1983 State Taxes for year 1982 (2 233) (12}08) (3_219) (18 31_8) I Deferred Income Taxes - Rnlated to Deferrtd Fuel Expense Fuel & Purchase 1 Energy Expense-1983-410.15 I 443 856 4 197 104 Fuel & Purch ased Energy Expense-1982-410.15 Fue l & Purchased Energy Expense-1983-411.15 (398 865) (4 589 307) Fuel & Purchased Energy Expense.-1982-411.15 _ _ , , , , _ __,__ _ _ _. 41.99_1._ _ __[392 203) _ , _ Dther Deferre d Income Ta e= - Operatinc l Depreciable Property - 1983 -410.10 l (1 395) 441 905 Depreciable Frope.rty - 1982 -410.10  ! (8 343)__ Depre:iabl+ Preperty - 1981 -410.1_0 l Abandaned Aroo- took Ri"er Prof .- 1982-410.12 I I Reamquir ed 57. Debcntur e Bondt, - 1982--410.13 Abandoned Aroostook River Proj.-1983-411.12 Reanq tred $1 Debenturt Bonds - 198i-411.13 p 1 _(1 260) (355) (15 120) (4 260) Computer In talia: 1on - 1983-411.18 Computer In.'tallation - 1982-411.18 i NEiCO Projcct - 198.-411.197i _[1 446) (19 134) NEPCO Proye t - -410,19H 59 59 I Ad,.st. to Rc o gnize Ope r . Lo s s- 19 8 '-410,1t L Adyust.

  • o E c . e gn i a Ope r . Lo !:5 11985-411.it P Adyust. to Recognize Ope r. Loss-1982-411. .t i 96 4'-6 289 338 __J

_ (__ __ I Normalizat ion of AFUDC-Lor r owed Funds- 1983 i Prior Year Operating

                                                                                -410.18 b
                                                                       -1983 411.11 ll 79 033 L1 292) 703 818

(.12 292) Prior Year Optr at ing -1982-411 11 y I H 169 790 1 3 QJ 7.1._, _ . _ _ _ h ..__ _ . _ __ 4, __._ - _ - . .

                                                                                            -.} _ . -- .

I _ _ =..__. .-=====-== .- _=--=- =.=-- - - - - d

D IL OF INCOME AND EARNED co. .m ..e .o n. or .. u . . { g5 A CONS = - - - - - - - .

                                . _ . _ _ - . - - _ - - -Maine Public Service Company December, 1983
                                                                                                                               .- .         =w                         - 10 DESCRIPTION                                                MONTH                              To DATE                        ENoto THis woNTH

_E J'estmentTaxCredit - Oper ating - 411,4 ~ ' Prior Years Amortization -- 1983 (4 500) (54 000) ~ rior Years Amortization - 1982 rior Years Amor tization - 1981 ~ 'urrent Years Accrual - 1983 (36 772) 512 482 Current Years Accrual - 1982 urrent Years Accrual - 1951 ~ 458 482 ~ (41 272) __

I O CE
                                                                            . 5 1

herest and Divi 3end Income - 419.01 & 419.0:! 830 E)epo = i t orF Cor por ation - Divide.nd -419.0L -

~~~Presque Isle Hotel Company - Dividend-419.0:.                                              -                                      -

taine Potato Growers - Dividend -419.0L - 7 _

~ 'ashburn Development Co:p. - Interest-419.0::                                               54                                    648 Amdrican Airlines - Interest                                 -419.0:    '

nterest on Tax Refund j 1 144 5 153 nterr st - Wyman 1/4 -419.04  ; 7 293 7 293 ciscellaneous Ir.terest -419.04 Interstate Foods - Interest -419.04 85 1 614 E I 8 576 15 545 l 3 _ I , _ } Othe r Inc one Deduc tions _E.ossonDispositionofProperty -421.2 220 220 6 537 { B onations -426.1 1 500 i Legislative F xpendit res -426.4 13 698 58 176

       'undrv Items                                               -426.5                    408                                 3 111 nr titutional & Goodwill Adve r tisinz-426.6                             !       18 754                              31 746                                                 l.
                                                                                                                                                                                    ~~

Penaltie:- -426.3 1

                                                                                              -                                 2 07b
                                                                                !       31 580                            l'T0 DI9 R

1

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                                                                                                                  -                  --:-       ==-u              = ===,             I

DETAll OF INCOME AND EARNED ios.~, me -o m u *.oa o

  • - SURPL,US ACCOU TS Maine Public Service Company December, 1983 11
                                                                                                                                                                                       "'C^                               '*"                                                            "

e DESCRIPTION MONTH og g t to TH s Interest on Lonc-Term Debt First Mortgage & Coll. Bonds 10-1/47. Series due 2004 - 427.10 68 333 819 998 4-3/47. Series due 1995 - 427.13 8 214 98 562 3.357. Series due 1985 - 427.14 4 076 48 965 5-1/27. Series due 1990 - 427.15 7 058 85 432 13-//8'4 Series due F992 - 427.16 80 938 901 105 7-1/87. Series due 1998 - 427.17 20 425 246 051 7.957. Series due 2003 - 427.18 15 072 181 192 I 10-5/87. Series due 1995 - 427.19 Debenture Bor.ds 9-7/87. Series due 1995 - 427.20 29 042 7 999 _ 357 002 97 763 __ 147. Series due 1990 - 427.2_2 105 000 1 193 500 I 57. Series due 1987 - 427.21 346 157 _ 4 029.570 _ _ I . I I Other Interest Expense Notes Payable MFH Co. & N.N.B. - 431.10 I 82 044 1 063 242 _ Custcmer Deposits - 431.20 266 4 837 Miscellaneous - 431.30 - - Interest Portion of Deferred Feel - 431.35 - L7_097 I nt e res t Paid Budget Customers - 431.36 239 2 104

                                                                 - 431.55 I            Interr st on Coll. Securities Interest Expense - Wyman #4                         -

431.40 82 572 23 1 147 561 231 l I l Equity in Earninc3 of J.V. Company Maine Yankee Atomic Power Co. - J.V.-418.11 27 277 321 911 Maine L'lectric Power Company -418.12 7}4_ 8 953 _ 2 7 9_9_1_ _ _ _ ,__ _ 3)0 864 I - I ._.,,m

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                                                                                        ,,,-.m                                                                           .-mmawe-       ---*---.a-                 e      ede*mm             --mdrem=         'W-*-     h
                                   ,,, ..                                         .e,          mese---,,mm-----w.e-ada-m+==w'um===-eme I    _=. - - _. = == x=_=_---            = .== = = === = 7 - - - _                                -=-n=*
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                                                                                                                                                                       -= = = = = = = =
                                                                                                                                                                                                                                                                == - = - == -=
                                                                                                                                                                                                                                                                                                      /

wo. w av u ama mome or ASSETS AND CTHE] CESITS l m2- Main 2 Public Service Company Decembn. 1983 c smi onm tovats m:_ u g ,L mis eme l tasT a owm coe m aso E ELECTRC PLANT IN SERvct 52 075 234 50 808 715 1 266 519 l tESS accow PnOvN rOR DcPN. Dc, t a avoRT 21 353 834 21 225 425 128 409 y NET nECTRC PLANT IN SERVCE , 30 721 400 29 583 290 1 138 1?O

E CONSTRUCTION WORK IN PROGRESS I 56 560 090 56 315 434 244 656 O

d 3 TOTAL UTUTY FtANT 47 87 281 490 85 898 724 1 382 766

  % INVESTMENT IN ASSOCIATED COMPANtES              14                    7 394 385           7 401 898           (7 513) l E        NET UTUTY PLANT AND INVCsTMENTs                              94 675 875          93 300 622       1 375 253 E Casa LOCAL                                             221 632 NON LOCAL                                  138 668 Ml           - WORKING rusDs                                  8 973        369 273             282 487          86 786            :n j TEMFORARY CASH INVESTMENTS                                                      -
  • 7

_[ Duos:Ts FOR INTEREST AND DIVIDENDS 14 812 617 1 777 810 840 E CUSTOMER ACCOUNTS 2 874 992 LESs ALLOW. FOR UNCOLLECT. ACCTS. 136 687 2 738 305 2 416 553 321 752 gl l NOTES 7 639 E ursCELLANEOUs 130 127 E Tars Receivable 38 154 l 175 920 175 281 639 d RECEP!ABLE.S FROM ASSOCIATED COMPANIES 84 642 - 84 642 E 7 DEFERRED FUEL AND PURCHASED ENERGY j DEFERRED INCOME TAX RELATED TO FUEL 242 587 287 578 (44 991) I

  ,l FUEL                                        l          833 547 h LINE MATER!AL                                l                                                                                ;

E PLANTS 603 057 l 7l Q FUEL ZTOCK EXPENSE UNDfSTR'BUTED , E STORES ExrENSE UND STR ourtD 378 i 9 l I 1 436 982 1 346 784 90 193

  , l PREPAID TAXES                              i24            1 310 E raEeAiDi~suR*NCE                             I            44 642                                                              l 3 ursCEttANEOus                                I             10 000          55 952             111 461        (55 509)          I jl                                             3 d                                             I

[ UNAMORMED DEBT DISCOUNT & EXPENSE I 475 036 482 691 i (7 655) " i NONUTUTY PROPERTY 6 923 . J CTHE.1 INVESTMENTS 14 11 865 E PREUM SURVEY & INVESTGATION CHARGES i14 y 10 792 h R CLEADNG ACCOUNTS 1 65 270 u l l c.ESEARCH AND DEVEL. EXPENDITURES i16 91 186 u:sCEtuNEOus DErERRED DEniTs 16 406 075 OTHER - I 592 091 604 F56 (12 565) tavat aims a orms osam L_[ _ H01 659_280 _99 009 890__j_2 649 390 I  ! l J

LIACILITIES AND CTHER COEITS cowa= < == -om cw n ot ao. mo A Maine Public Service Company December, 1983 13 i TOf ALS WCM M I y g TMil MO=fM L Alf MoosfM (bf Cat alt) c,Ag s=Ani ,A. COMMON 916 060 $7,00 6 412 420 6 412 420 6 408 871 3 549 I  : 8 PREFERRED

       -  PREMlUM ON CAPITAL STOCx                  16             6 227 973 OTHER PAID-IN CAPITAL                     16                243 579      6 471 552              6 461 602                    9 950 s  UNAPPROPRIATED RETAiNEP EARNINGS            8           16 540 068 i

I uNAmROPRIATED UNDISTRJBUTED EARN. LESS-CAPITAL STOCK EXPENSE REACQUIRED CAPITAL STOCK 8 2 954 E3~ 19 494 571 18 048 383

                                                                                                                        =

496 188 TOTAL SHAREHOLDERS EQUITY 32 378 543 31 868 856 509 687 REDEEMABLE PREFERRED STOCK 16 8 649 000 8 649 000 - isT. MORT. a Cott Trust BONDS- 17 28 795 000 I g

      =g  DEBENTURE BONDS-                          17             9 918 000
      $E S   LEss REACoUIRED LONG-TERM DEBT        I                                 38 713 000            38 738 000                   (25 000)_

I l t LONG TERM DEBT DUE wtTHIN 1 TEAR I17 304 000 304 000 -

NOTES eAvastE 16 8 900 000 7 400 000 [ 30070F
        ! ACCOUNTS PAYABLE                          17             1 345 156 E PAY ABLES TO AssOCATEC COMPAN:Es          18               975 947 TOTAL ACCOUNT
  • JAYABLES l 2 321 103 1 931 806 389 297 PAYABLE TO SUBSIO.ARY COMPANY j18 91 685 40 820 50 865 I OtrERRED rVEL a PuR ENERGY Costs DEFERRED iNC. TAXES RELATED TO rUEL I  !

i I 4 21 2J4_ 493 532 (72 308) DIVIDENDS DECLARED AND CR ACCRUED 19 1 761 559 761 559 - I I I l CUSTOMER DEPOSITS I l  ! 73 185 73 t52 i (267)

g. T Arts ACCRUED I 74 i 1.% 607 202 %5 I (1R 91RT Ef INTEREST ACCRUED ON LONG TERM DEBT  ! Ig l 1 142 ]34 hY INTEREST ACCRUED ON BAN < LOANS il8  ! 40 203 g INT. ACCRUED ON CUSTOMER DENstTS I I 6 395
&5        OTHER INTEREST                         I            l          1 167 I            i                     1 184 894                   062 464             227 435 I

DuERRED INCOME TA>Es i  !  ! ACCELERATED AMORTI2ATION  ! l 60 436 I uBERAUZED DEPRECATCN  !  ! 3 326 317 l OTHER Taxes 119 l 790 941 I 4 177 69s 4 012 223 165 471 I o, 3* DErERRED iN VESTMENT tax CREDIT uNAuCRT ZED eREwuM ON DEBT i i19 i i i ( 1 3 220 996 3 2h2 268 (41 272) I CUSTOMER ADVANCES FOR CONsTRUCTCN OTHER DEF ERRED CHLuis l 16 i 1 75 734 197 051 j 272 785 309 065 (36 280) I l TOTAL UABMTIES & OTHER CREDITS __j _z j -- -- - - -- . j 101 659 280 99 009 890 J----2649 390- - - - - - - - LESS CURRENT MATURITIES I I

                                                                                                                                        '      "         ~

ll ALA SHEt N CC E S o .m n M:ine Public Service Comp =ny D'cemb^r 1983 14- ] OESCRIPTION AND REMARKS Account hy o yg , ' i Number i I ! Inn ment in Subsidiars Compni, s i Me. & N.B. Ele- . Power Co. Ltd. - Conrnon Stock l 123.10 827 284 ) I - E[qdt y in Earnings 3to 12/31/82 1 123.10 3 028 895 []M(edB[E_1A. E ow7r~~Co11.t t. 1 124 752 l Me. & N. B . Elet. Power Co. t td . Eqt_sity in Earnings.jto Lin. I to 'Date 123.10 l 3 980 931 l

-                                                                             1 l                  l I

Maine Yankee Atomic Powe r Co. - Common Stot.k 25 000 shares  ! 123.11 i 2 500 000 i Maine Yankee Atomte Powe r Co. - Equity in_ Earn _ings 12/31/82 l 123.11 839 405 i Maine Yankee Atomic Powa Ce -- Equity __in Earnings tofJan. I to Datlc 123,J1 3 161 3 342_566

 !                                                                            4                    !                 !                                                      l InL_ _ Common Stock 714 Slla tes                                L23.12                         71 400                           !

L Maine Electric Power Co.  ! i mMa in e_ El_ec t, t i c_Powe LCc. ._ino - Iquitydn_Eatnings_12131/82 ' 123_12 (512); {

  '      Maine Elettrte Power Co,_Inc. - taui_tv in Earnings _ts_lan. ItoDdte                                123.12                 !            -

l 70 888 l

' I r 7 394 385 l r-______

t

    'Other Inve'tments                   _

i 124.10 !436 Shares 516 j p_ Depositors _ Corporation i

   ,     Maine Potato Growers m Inc.                                           !

i 124.10 l7 Shares /  !

   !      Presque_Ifle.Ilotel_Qompany_                                        [                    !         124.10  i6 Shares                                      300 g Washburn Industrial Development Corporation                                :                  ;        124.10   16-1/27. Debenjure                        10 000
    ;_ Colby C qper_attve Starch gonpany                                       4                             124.10   110 Shar es   l                             1 000 Pantry Pride       Inc.

k I 124.10 !22 sharen i 22 i

    ;                                                                                                                  !                             l          11 845      i
    !                                                                           I!                   l                 l                             I I-u _ _ __ _                                                                 -
    'Sp. sial Degosi_rs                                                         y                    i                 i                             i
    ,CDeposit with Trustee - Interest Payable                                  [                      i 132.14    j                             l          49 281 g    Dividends Pavabic                                                      i                    i       133. '   i 761 559 L De p it with Trustee - Real Est ate                                                            i 134.11   i                                          1 352     j
     ;    Preferred Stock Purchase Fund                                          '

134.13  ! l l American Airlines Travel Cards ' 134.16 i 425 i i  ! i j j 812 617 i

     !                                                                                                i                 I             l                f 6

i

                                                                                                       '                I                              !                       !
      ' Pro l_intn a rv Survev and Invf s t i cat ion Ch ar ce _2                :

u_ Curt._nt._Yean for_Nex LYear ExpendiLJIe I 183.10  ! t>9 KV Line . lloulton South  ! 183.40 l 808 l Supeu vt:,ory Cont rol Replacements at Flo's Inn and Mullen Substation: 183.50  !  ! 4 944  ! Computer Inventication s l 183.60 i I 93 i liydro - quebec Radial Feed  ! 183.70 l i 4 947 I L 6 I i 10 792 i i I  ! l l h l  ! l  ! 1 0 i l l i r -- -- - q g g m

M M M M M M m M M M M M M m m m DETAll OF BALANCE SHEET ACCOUNTS

                                                                                      ""'" ' a a " *                                       "oa" *                *aA c ox, ,,                                                                             Maine Public Service Company                       December, 1983           15 I
                                               ~

f Charges Prorates DESCRIPTION AND REM ARKS Account Annussl Fiscal Accruals $7^"C

                                                                                                                                                              ,((yg*

i u Number Estimate Year to Date To Date i Miaellaneo.s Deferred Debits and Credit <. {

 '        aobbing Accounts                                               H          186.00                                                                  17 172 i        Advance Billi        for Wyman #4                              d           186.10                                                               (197 051) i        Annual Audit                                           921.44              186.11                 53 000          47 723            47 723              -

l Installation of Rental Water Heat er s 587.3c 186.13 - 6 855 5 714 i Anna.sl Regulatory Assessment (MPlTC) 9 186.14 1 73 996 48 636 25 360 L__het Joint-Owned Billing f 186.15 15_289 Cost or Financing - Municip.1 Bonds - Seabrook I 186.161 39 08) 39 083 - Cov. o t Financing - Municipal Bonds - Local l 186.162 58 723  ! 58 723 Cost of Financing 137,_Ereterred 3tock - 60 000 shs esi ' 186.181 103 127 103 127 - co;a_of_Ei.nancine 7] R_ Bonds 186ml82 1 % 7R9 161 R97 - Cost of Financing - 14*',_ De tie n t u r e i 1_86.183 ! 1/2 702 l 181 462 - Cost of financing - Common Stock - 200 000 Shares 4 186.184 l 18/ 957 l 187 957 t Sale of Preferred Stock i 186.187 l  ! 5 861 l

                                                                                                                                                   -          5 867 Sale of First Morteace Bonds 186.188 j                        l       8 289    l 8 289 Computer Feasihtlity Studv                                                 186.20          >

i 4 601 1 - 4 601 l Storm Costs - Dec e:r.ber, 1983 ' 186.25u 26 2S I 46 145 46 145 - Po..tponed Caribou Projects - IR 93100 & 91200 186.27 .

                                                                                                                      .                                     29 185
   '                                                                                                 i                                 l
    !     Overhaul No. 1 Steam Botter                             512 2 1,           186.30          {       f. 500           5 521             5 521              -

i i Overhaul No. I Steam Turbine 513.11 186.31 1 6 030 i 3 5/4 3 5/4 -

   ?      Overhaul 50. 2 Steam Boilei                             512 t1F            186.32          ,

6 500 3 9/0 . 3 970 - Overhaul No. 2 Steam Turbine 513.1 186.33  ! 128 000 118 483 l 118 483 - t  !  ! l Diesel Engine Repairs - Caribou 553.1[ 186.40 '

                                                                                                                   -   j          -                -               -

Dicael Engine Repairs - Flo's Inn 553.3. 186.41  ! - i - - - e i  ! l f I B ro.,h Con t ro l - Trans . Contractors Only 571.4; 186.50 l 50 000 4'2 3/9 l 42 379 - l Tree Trimming - Dist. - Contractors only 593.40 186.51 i 70 000 6 41 909 6 47 909 - Pole Inspection & Maintenance 569 i 186.52 1 30 000 5 025 l 5 025 -

                                                                                                                                       !                I I                !

i 585 186.60 8 000 I / 641 7 641 I

     !__St: (et_Ligi tting _ Group _ Replacement I                                 1 t
           ?crichts afet v I n s pectiert                         3 'i3_;            186JO            !

45 000 l 35 146 I 35 146 , - 1 ESOP - 1983 Carnforward , 186.813 i  ! 18 643 f - l 18 643 l l ESOP - 19S1 Carryforward 186.811  ! (295) ! - i 72 037 i i 186.812 ! 222 i

      ,    ESOP - 1962 Carryforward                                                                                     I                1          -   !    9Q_J.15 NEPCO l' nit s 1 & 2 Const. (R 8J000) - Amo r t i re - 930.5[             186.87            !                         116     1     38 803        55 080        i NEPC0 Units 1 & 2 Fuel - (R 83100) - Amo r t i ze . 930.5'                186.88            i                   (15 476)             9 460               -

Fuel Adjustment Proceedines - State - Last Quart (r  ; 186.91 4 684 4 684 -  ; j Rate Case - Retail - MPUC 928 186.92 i 480 000 26 969 26 969 _ - l 1 Rate Case - Wholesale - FERC - DKT 200-000 928 ; 186.93 t 84 000 3 916 3 916 I - I L

i M;L MLAMSHEMC6 M M - W~M M M W W ' "M' W M '"M o wn ra l Muina Public S;rvicD Comp:ny D:.cemb r, 1983 1(1

    .                                                                                             k
   !                                       DESCRIPTION AND REMARKS                                       Account           Annual                                   u x$ [oSy        f I                                                                                              i      Number           Estimate                                                - ;

P'?C_1_nve'.t ig-e t i on o f Electric Utilities Dist. Fractices 186,94 l 1 639 1 639 l - > Clearing,Ac ount - Penny Elimination  !! 186,95 - l Fuel Adc.stment Proce ed ing - S t at e 928 d 186.96 { 30 000 27 795 27 795 - 1 i cogneration - DKT 81-21e 928 s 186.97 t 20 500 l 139 040  ! 139 040 1 - i P5 Nil - Wheeling - Int ervenor S tatus - DKT ER- 141 > 186,98 i l 833 l 833 i - i

   +
                  ._                                      _                                       2                                 !             4 i        Miacc11ancounTemporarJ_It.em~                                                         6      25MO                       i             I                          -

I Wyman #4

              ~

e 253.40  !  !

   !        Miscel15tneou Deferred Dentre,                                                        4                                               l                   406 075         t i        othet Deterred _Cr_ediu                                                                i                                              l            !       197 051 To' al                                                                              .

i  !  ! I 209 024

    !                                                                                             4 I             l            l
   ; Reecarch _ Development and Demonstration Expenditur_ej                                       ,                   .

4 l

   ,        Rcrearch & Development - I.PR I                                            930.5 ;           188.14       I             :    85 612       85 612   ,

de .earch & De velop:nent 1.oad Management 930.5 :l 188.15 i 46 205 46 205 l - I Aroostook Rtver Hydro Project 539.8 188.30 l  ! l 91 186 '

                                                                                                                                    !                         i         91 186       ,

t

                                                                                                                                    !             !           l                      .

Preferred Stork l l 6 580 Share . Par 950. 4- 1/41 204.12 t i I 329 000 i

            .' n 400 Share b Par $ 50.                       9-7/87,                              t 204.13       i             i             t           i    1 320 000 O 000 Sharer., Par $ 50,                      9- 5/8%                                     204.17                     t             l           l 4 000 000            i od 000 Sh..re. . Par $50. - 131                                                          '

204.18 , I I 3 000 000  ! l i 8 649 000 i I t i g r i m on C.spitai Stock I i l Cerrun 207.11 '

                                                                                                                                    !              !            i 6 227 973           i 4-N4'. Preferred                                                                             207.12       .              i             i            !            -        i 9 7/8% Preferred                           ~

i. 207.13  ! l - i U7 Preferred , 207.18 ' I  ! i -

              ~
                                                                                                                      !             i             f             } 6 227 973           !

i i i l IGain on Cancellation 01 Re uquired Stock i  ! I j 4-3/4I Preferred 210.12 i  !  ! 243 579  ! 9-7/81 Preferred 210.13 i i t i _ l i  ! i t i "'243 579  ! l I I  ! i !__ ___ _ _ _

   , Notes Pacable                                                                                  '

l l j l Manuf acturers Hanover Trust Company 231_._1_0 i i l 7 800 000 j Ca co Northern Bank. N.A. 231.11  !  ! I 1 100 000 2 1 l i l 8 900 000 I w . = = = - -_ -- e -~ n-m . --- m- = = - ~ u .

E E E E E E M M M M M M M M M M DETAIL OF BALANCE SHEET ACCOUNTS i"=a ' aa" ' eam or e+ aC t C*'" l Maine Public Service Company December 1983 17 ! 0

                                                                                                                                                          ^
                                                                                                                                                                       ?

DESCRIPTION AND REM ARKS h Account First Current ,",h^1CEj0 o , f t 4 Number Payment Maturities LTD Total  ! a,t Mortgace and Collater al Trust Bonds , { l l j i 107 1/47._ Series due Sept. 30, 2004 9 221.10  ! 9-30-85 l - 8 0U0 000 8 500 000 I

,         4-3/4~., Series due Dec. 51 m l995                     s       221.13       l                   1             25 000          2 075 000         2 630 000]

i.iSI dertes due Jan. 31 1985 4 221.14 '

                                                                                                          !             20 000 l 1 440 000                1  460   000 5- 1/ 21 S e r i e s_ d ue_Aug ._ 31, _199 0_         g       221.15       !

i 20 000 l 1 520 000 1 540 000

 .         13- 7 /8'. S e r i es due Nov. 301 1992               a       221.16        j        11-30-90 t                    -l / 000 000                7  000   000 221.17                                                                           3  440   000 i 7-1/h7. Serie. due April 10u 1998                     ]                     i                  !             40 000 t 3 400 000

__/,957. Series due_Feb. 28 2003 f 221.18 l 1 25 000 1 2 250 000 2 275 00 0 t 10-5/S! Series due Aug. 31, 1995 a 221.19  ! i 120 000 6 3 160 000 3 280 000 t 6 i i 250 000 l28 795 000 l 29 045 000 i

                                                                                        ,                   i                     i i                                                                                      i                   !                     I 4                     I                   i                     i pebentore iLd 4 9 - 7 / 47. Scric 5 due April _30, 1995                9      221.20         i                   1            54 000 !          918 000           9/2 000 j      221.22                  2-1-90                           I 9 000 000             9 000 000 14 ~'. S e r i e s du e Feb . l_ 1940                                        l                   i t                     i                                54 000 ; 9 918 000         l     9 9/2 000 !
                                                                  ,                      i                   i                                                            i j

t _ 4  ; Ac ounts Pavable , Vouchers 232.10 i l l 438 886 3 Salaries and Wages 232.11 t i l Salarie, and Waees Accrued n 232.12 > i  ! 32 249 i Emplovce Savines Bonds 5 232.21 -

                                                                                          ,                  j                    i                 l               890 i 232.22                              j                   i                 j            3 338 ;

Emplos ee- Stock Purchase il  !

   ;       i:nited Wav                                              a     732.23         1                    i                    i                l                -

l Group Insurance r 232.31 ' l - Voluntary Accident Insurante a 232.12 i I (23)

   ,       Union Dues                                               4     232.33                              ,

l Account Payab_le g ork Comp.) - d 232.81 i I

    ,      1:nvouchered Liabilities                                  1    232.90            ,                 !                                               453 152 i k     232.91            1                  i                    i                          18 643 t ESO P_ _                                                                                                                                                        '

__ Wyman_14_cest< d 232 92 i  !  ! - qate salec Tax > 24L50 i 1 51 871 i State Witnholding Tax ', 241.51 1 l , 16 668 I i Federal Withholding _ Tax f 241.61  ! - Social Security Tax , 241.62 ' i -

     !      Vacatton Pay                                              J   242.10             i                 l                     ,                        319 700 Lnclaimed Dividend Checks                                 !   242.50             l                                        l                          3 544 Insurance Accrted                                                    -
                                                                                             !                                       !                           5 638       I t                  j                   l                      1 345 156
      ,                                                               J                       i                  i                   !                I

D IL ALA.WSHEtWCC S E " c ats n Main'? Public S rvico Comp:ny D;cemb;r, 1983 16 p BALANCE TO l DESCRIPTION AND REMARKS  : Account NexT MONTH , i f Number iAccoint Receivable / Payable Associated Companies R l Maine Yankee Atomic Power Co. f 234.30 629 021 j Maine Electric Power Co, 0 234.40 346 926 i il 9/5 94/ i w ..

                                                                                                                                ,                                                         i i                                                                                                            1                 1 i                                                                                                           d                 !

l Acc ount Re< civable/ Pava 51e - SubEidiary I' I [ Actounts Recetvable/ Payable Me. & N.B.  !! 234.20 (43 3/4) i Accounts Payable - Me. 6 N.B. ' 234.50 135 059 i Accounts Payable - Me. & N . B . - Interest  ! 234.51 l - Accounts Receivable f r om Me. & N.B.  !! 146.13 l -

  !                                                                                                            !i                                                    l       21 685
! I i i i I Ferest Accrued on Lone-Term Debt j l .

i [Long Term Debt 1/41 Series - 1st Mortgage Bonds it 23/.10 j 204 999 i

   !           Long Term Debt 3/47. Series                               1st Mortgage Bonds i                i  237.13      i                                            49 281       !

20 380 i L Long Term Debt - 3.357. Series - 1st Mortgnge Bonds P 237.14 l i Long Term Debt - 5 1/27. Series ist Mortcage Bonds 4 237.15 1 28 232 l

    ;          Long Term Debt //81 - lat Mortgage Bonds                                                   t    237.16       i                                            80 938 Long Term Debt 1/87.                           L..t Mortuace Bonds                               231.17       i                                           40 850 Long Term Debt - 7.957. Series - 1st Morteace Bonds                                              il  237.18       l                                            60 288 i          Long Term Debt -- 10 5/81 Series - 1st Mortgage Bonds P.                                              237.19       l                                         116 168 ti                             1 i          Long Term Debt -7/81 oe5entures due 1995                                                     W    2:$ 7. 20                  !                             15 998 1 1.ong Term Debt - 147. Debentures due 1990                                                       t    237.22                     l                           525 000 j!                              I                         1 142 134 t                                                                                                            .i jInterest Accrued on Bank 1.oans                                                                            !!               !
     ,         Manufacturers Hanover Trust Cogpany 237.30                                                   11 743 I
     !_No r th e rnJa t i ona l_ Bank _                                                                          h   237_._31     1                                              (189)
      .___Ma nu f a c_tu rn3_lia po ve r_Iru s t_Compa ny                                                        1   23L 33        1 28 649 i                                                                                                          4                 !             l                            40 201
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                                                                                                            -      D
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_ i 1 (ii i' il , i , _

9 MAINE PUBLIC SERVICE COMPANY Pcg3 20 COMPUTATION OF FEDERAL AND STATE INCOME TAX MONTHS ENDING DECEMBER , 1983 Account Adjustment Number State Federal i t Income Per Books 6 333 486 Income Taxes, Utility Operating 409.1 _ 23_4_310_ Income Taxes, Other Income and Deductions 409.2 (18 _31_8)_ g (8 343) 410.1 _5 623 881 IDef::rred Income Taxes, Utility Operating 24 958 E Defarred Income Taxes, Other I&D 410.2 Deferred Income Taxes, Utility Operating 411.1 (4 640 113)_ 411.2 _ J 2_4 ] 1_8)_ IDeferred Inv:stment Income Taxes,- Other Tax Credit UtilityI&D Operating 411.4 458 482 3 Ioth:r T:tal - 1;et Income Before Income Tax 7 991 968 7 991 968 d: C:sh Dividend from Maine Yankee ( 327,500 X 157.) 146.15 _ 49_125_ _ _ _49 125 _ C:sh Dividend from Mepco ( 9,118 X 157.) 146.16 1 368 1 368 Book Depreciation 403 1 618 459 1 618 459 IWithholding Tax on Dividends from Foreign Subsidiary 408.22 _ _ __ _ _ ______ Book Accruals fot} Bad Debts (Dec. Only) 144 _255_262_ _ _ J55 262 _ 404 44 44 j IAmortization Amortization of of Conputer InstallationSof tware Water of Rental and Land Rights Heaters 186.13 6 855 6 855 i Cnh Dividend from Subsidiary (Gross Up-Dec.-Fed. Only) 146.14 _ _ _ _ _ _ ______ Exp:cted Unpaid Dividends from Subsidiary - I Amortization of Utility Plant Acquisition 425 13 428 13 428 , Un211owable teductions - -

                                                                                               ~~~~~~

Amortization of NEPCO Project ' 186.87 " ~ ~ ~ ~ ~

                                                                  & 186.88         34 530              34 530 I Amortizat. ion of the Arcostock River Project
                            ,                                        188.30        30 3_gt0            30J60___    i Total                                                                 10 001 39 _9       10 001 399 1 928 371          1 928 371 Iduct:

Tax Depreciation 53 489 53 489 T:x:s Capitalized Equity in Earnings of Subsidiary 418.10 _12_4_75,2_ _ _ 1,24_ 752_ _ Equity in Earnings of J.V. Co. 418.11 & 418.12 _330_86_4_ _ _ 330_ 8_64_ _ Allowance for Other Funds Used During Construction 419.102_611_612_ _ 2 661 612 . Allowance for Borrowed Funds 432 3 160 484 3 162 484 P:nsion Costs Capitalized 56 561 56 561 i IDomesticDividendReceived( 837 X 857.) Part of 419.01 711 711 _ _ _ 3_30,_ Capftal Gains Adjustment 421, 421.1 & 421.2 _ _xxpedt_ _ 174.11 J,7 2_2_00_8)_ _ ( 22 008) , IFuci&PurchasedEnergyAdjustment B;d Debts - Tax Provision-(Dec. Only) 281 121 281 121 l Amortization of Debt Expt nse (Dec. Only) - - St::te Income Tax Adjustment for Prior Year xxxxxx - Unrecorded Transaction - C of R - ADR 39 104 39 104

                                 - Property Taxes - Seabrook                      115 696             115 696'
                                 - Interest Capitalized - Seabrook                    ~482~~               482
                                 -LossonRetirementsof1981ACSRProp.]37979                        ~ ~3 7 929 -         r Total Deductions                  8 071 168          8 071 498            '

Net income - 1983 1 930 231 1 929 901 Less- 1982 Operating Loss Carryforward 442 286 454 809 ' Total 1_487 945 1 475 092

f i . t I Page 21 CONTINUATION OF COMPUTATION OF FEDERAL AND STATE INCOME TAX MONTHS ENDING DECEMBER, 1983 State Federal Net 1 487 945 1 475 092 Computation of State Income Tax xxxxxxxxxxxx 25 000 0 3.57. (1/12 Per Month) 875 xxxxxxxxxxxx I 50 000 @'7.937. (1/12 Per Month) 175 000 @ 8.337. (1/12 Per Month) Balance @ 8.937 3 965 14 578 110 548 Total State Income Tax 129 966 129 966 Net Income for Tax Purposes 1 345 126_ Tax Computation for Federal Income

Purpose:

25 000 @ 157. 3 750 I 25 000 @ 187. 25 000 @ 307. 25 000 @ 407. 4 500 7 500 10 000 Balance @ 467. 572 758 598 508 Investment Tax Credit (598 508 - 25 000) x .85 + 25 000 (512 482) 129 966 86 026 Use 129 966 86 026 Amount Accrued to End of Previous Month (140 300) (92 500) Accrued for Current Month (10 334) (6 474) Note: Investment Tax Credit for 1983 is limited to 85% of excess of $25 000. The

                  '5        ** "' '    %-

E g . Summarv of Investment Tax Credit Expiration Amount of ITC Utilized in 1983 ITC Carrie' j. Date Year 107, 17. ESOP 10% 17,ESOP 10% 1% u JP 72 037 I 1981 719 966 72 037~ 512 482' 207 484 1996 1982 901 153 90 115 - - 901 153 90 115 1997 1983 778 530 18 647* - - 778 530 18 643* 1998 wBased 1/27. of Payroll of $3 728 517. I ) I d

r MAINE PUBLIC SERVICE COMPANY Page 22 DISTRIBlTTION TO ACCOUNTS FEDERAL AND STATE INCOME TAX FOR MONTH OF DECEMBER, 1983 Fiscal Year to Date State Federal ther Income: . C:sh Dividend from Me. & N.B. Company (146.14) $ - - xxxx Cash Dividend from Maine Yankee (146.15) ($ 327 500 X 157.) _49.321 _41 121 Cash Dividend from Mepco (146.16) ($ 9 118 X 157.) 1 368 1 368 I Miscellaneous Domestic Dividends (419.01) ($ 837 X 157.) 126 126 Miscellaneous Interest Income (419.02, 419.03 & 419.04) 14 708 14 708 (421 & 421.2) 330 330 # IMiscellaneousNon-OperatingIncome Crpital Gains- (421.5) ( - X 62.5%) Fed. Only xxxx - ,. Expected Dividend from Subsidiary - Not Paid - State Only xxxx n -- - S Total Other Income 65 657 65 657 ther Income Deductions: xxxx xxxx I Withholding Tax on Dividends from Subsidiary (408.22) Donations (426.1) 6 537 6 537 Expenditures for Certain Civic, Political Activities (426.4) 58 176 58 176 Other Deductions (426.5) 3 171 3 171 Institutional & Goodwill Advertisina (426.6) 31 74 '+ 31 744 f

 " Penalties (426.3)                                                                     2 Gli          2 071
  • Total Other Income Deductions 101 699 101 699 h:t Other Income and Deductions (Taxable) (36 042) '(36 042)

Year to Date Current Month Distribution to Tax Expense State Federal State Federal Operating Income 133 185 101 125 (8 101) 4 001 Other Income and Deductions (Above) (3 219) (15 099) (2 233) (10 475) Total _129 966 86 026 (10 334) (6 474) istribution of ITC Year to Date Current Month Deferred Investment Credic 255.10 512 482 (36 772) 232.91 1/11 - IAccountsPayable 512 482 (36 772) I l

I. . Page 23 (This page lef t blank intentionally) I l l l l l I I l

       ,o p cc r:.~r ~c e                                      -o r or                                       DETAll OF TAXES l        24   _

Main 3 Public Scrvico Company Decembart 1983 * " " 'l ACCRUED AND PREPAID TAXES-CURRENT MONTH DESCRIPTION ACCRU ALS AND B ALANCES

  • PAYMENTS PRORATES END oF MONTH i i Income Taxes - Federal and State Federal - 1983 (6 474) 64 026
                           -  1982
                           -  1981
                           -  1980                                                                                                      g
                           -  1978                                                                                                      g 7                                                                 l State       -   1983                                                               (10 334)           97 966
                           - 1982
                           -   1981
                           - 1980 3
                           -   1978                                                                           .

6 lc Total (16 808) l Taxe,s Other Than Income Taxes l 17 Federal - Pension Guaranty j - 39 -

@              Federal - Social Security                                I*         23 395          23 395                    -

Federal - Unemployment 79 192 f_ D l I

@ Federal - Highway Use                                                  l                             219            (1 310)

State - Unemployment i 298 716 l a i_ State - Excise 231 - f

                                                                                         -                 -                            I
  • State - PUC Assessment __ .

2a Forest Fire Suppression Tax 93 - g y Wyman Real Estate Seabrook Real Estate - Education Center 1

                                                                         !             136 13 132 (322) 21 707

[T7 *Seabrook Real Estate - To Construction l 2 559 2 559 - Local Real pstate and Personal Property 16 005 52 958 -

                                                                                                                                  ' ' ~
 ,             Total General Taxes                                       l                 l       92 681                               l lst                                                                     !                 I E2             Total All Taxes                                           I         42 095  1       75 873           183 297             j E'                                                                       I                                                              !

lsaDistribution of General Taxes I s Utility Operating Expense - General I 83 281 a Charged to Construction ll 2 559 e7 Total I 85 640 1+ ; l s0 I IoltherIncomeDeductions Non-U tility Property l 41 b lci l I i I_z' 3?ayro11 Taxesw Connruction & Retirement Work in Progress I 1 756 idd Other Payroll I 5 044 f, 800 6 l l l's e 7 Total l 1 310 E PsPrmpaid Taxes i t 184 607 _ l 18accruedTaxes l i i {WSA D oes not include Seabrook and Wyman I payroll taxes. y 1_2 ' lscqincludes $13 FICA Adjustment - Aetna I (

   '"s21983 Accruals to_928                                               1
       ..e . n . .. o v. u . i, . . .c r-n t.                                                                                              [
                                                                                                                                               -J

co """ "a " " " ' '**"#-

   .DETAll OF TAXES Maine Public Service Company                        December. 1983
      > ena so                                                                                                                           25 AMOUNT OF TAXgG                  AMOO*dT OF TAKES                             B ASIS OF TAXCS - THIS YEAR I      SAME MONTH LAST YEAR FISCAL YEAR TO DATE THis YEAR LAST YEAR l

VALU ATION OR B A$ls TYPE AMOUNT RATE (A) (E) TOTAL TAXES 1 I 86 026 2 (3f0 586) 43 (532 686) - 3 (3 413) 4 s I

                                                              !                                                                               e l                                                                               7 l       129 966                      i
                                                               ~

e (11 252) (135 352) e (1 993) i o_ 11 12 13 (371 838) 216 035 (673 444) __

                                                                                                                                      . i4 is is 37                  429               429                                                    E                   400     17 19 783              244 477            227 082                                                      E            245 20D       'a I                 37 10 69 12 392 1 165 35 099 16 216 1 245 24 249 E

E E 20 800 18, 200__ 2.1 29_400_ 2' I 6 666 6 945 E 590 7 0_00 22 l 3 879 - 31 152 I E __fo 700 2s 185 - i - 24 12 548 80 256 76 673 as I (2 543) 85 352 667 297 136 7 868 109 90 650 i E 786 400 ze 27 as 55 122 l 651 590  ! I 174 884 1 055 970 1 126 340 i l I i i 1 139 100"T A as st I 139 100 sa (196 954) I 1 272 005 452 896 I

                                                                  !                                                    l                  I as i

1 1 34 i 958 660 ss 84 324 957 435 ll l I l 7 868 se 85 352 1 90 650 I 37 169 671 1 966 528 l 1 048 085 i so 1 i I as

                         'i                                        ;

4o 41 i 516 516 1 l l: l 1 4i I 42 I i' I l!

                                                                   '                                  I                 I                    43 I!                   I 34 502             28 813                                                                                 44j 2 056        1
                                                                    ,                                 i                  I 4s 3 111       1      52 082            48 926       1 de 5 167       I      86 584            77 739 47 l                                      !
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                                                        . c:* w = =i                                                      = aim                                      i n lPERATING REVENUES AMD SIATISTICS ELECTRIC sEs                                                      Maine Public Servica Company                                     December, 1983                        26             i WONTH                     l               FISCAL YEAR TO DATE

[ l ms ma E Budeet I ms vtu tast nas I mi rtu OPERAtlhG REVENUES

                       $ ALE 5 0F ELECTRICITY.$

a usanns 1 113 800 , 1 128 468 1 051 169 11 992 201 11 291 761 E uri cautscA am w ar-sum 689 500 684 145 668 507 7 430 571 7 034 425 . T urr ccw ccm a mwer-tuct 547 600 417 046 488 359 5 604 098 5 308 631 .Laui etmc siitti a nicas, ton =c 34 400 34 036 33 618 405 131 380 628 E eur au toim:. . 26 300 23 649 23 695 262 111 254 072 9 us ote wis io nmc uenu 213 900 l 203 730 198 283 2 062 688 2 047 700 ur sus son nwi. 369 300 l 513 045 480 980 5 016 721 4 508 386 TOTAL 5Ati10F ELECTRICTY $ 2 994 800 1 3 004 119 2 944 611 1 32 773 521 30 825 603 OTHER OPERATihG RDERUES aso emno on=rs 3 900 762 1 534 26 280 34 076 ,. B asi :scitu*ous si a u twts 6 100 9 759 5 216 79 046 74 994 T asa unt 'e iticun:'amm 26 600 1 20 911 17 829 119 922 112 634

 ' ass            etc sac:nc mtwis                                  1 000   l                  515                  832                   8 300                  12 015 h                                                                           I 25 411                 233 548                   233 719 T                               TOTAL 0iHER OPERAnhG RDINUEs        37 600   1            31 947                               1

} TOTAL OPERAriMG RDEkUES 3 032 400f__3 036 066 2 970 022 1 33 007 069_ ll_Q59_22L ELECTRICITY soto. rm I Iuo usawa 14 630 l 15 354 14 711 163 742 160 061 l u2 : c:vem= a mes e-suu 9 970 10 505 10 232 111 910 108 376 arr cc.vtes a mxsta a.-tuci 11 190 8 761 10 150 117 436 109 985 , 2 707 2 733 aui rumc s:aar aican ton =c 230 1 226 225 190 177 181 1 976 2 036 T uar a.a tormc. . 1 l us etc sa is is nave utouts 4 620 1 4 726 4 496 l 47 372 46 792 E u, suis son etsu. 9 110 1 12 458 8 775 l 135 776 109 835 W i l I l TOTAL ELECTRICITY SOLD Un 49_940J 52 207 46 770 i 580 919 539 818 k Th:'s M387H IG9IN Yt SGC tartr ay gy un 3,;34cg CUSTOMER DATA usaum 26 171 25 850 321 26 013 4 cerica a araai-s=ut 4 632 4 650 i (18) 4 643 18 18  ! - 18  : {cevvieL* a axu'*-um , T rac sair a ac a touc 1 1 530 1 595  ! (65) 1 552  ! 8 8  ! - 8 l onsa rac wants i E cte umnts I 6 5  ! 1 5 } g TOTAL CusT0utR$ (WITHOUT DUPLICATION) l 3_2 365 32 126 1 239 32_239__ { [ uu toimc cumes mazio i 1 493 1 559 I (66) 1 516

                                                                             !           31 338               30 956           I   XXXX                      XXXX                  ,

f svaa es uturs m sa.ci i 41 47 I XXXX XXXX i"' E u sa e' inn touro 7  ! i , ties mom rtcut 12 soms 12 moms Pa rtist l i .l .. ..as, m, ,u. m,,m. ..ms, E AVER ACE USE PER CUSTOWER EMH  :

                                                                                                      .u. .                    ,

g lusava I 587 569 3.2 6 295 6 222 1.2 2 268 2 200 3.1 1 24 103 23 642 1.9 g E cc.aca s awa n._suu g E c:voica a mxu=4-tuce 486 722 563 889 (13.76524 222 6 110 278 6.8 l AvERact REVENUE PER CUSTOWER 5 d itsa:mt 4 312 40.66 6.1 461 , 439 5.0 E cats a mren.-suu I 147.70 143.76 2.7 ! 1 600 ' 1 535 4.2  ! 7 c: zier a mrn a.-uct 23 169 27 131 (14.6 I 311 339 294 924 5.6 . AVER ACE UMIT R ATE-( KWH inaux 7.35 7.15 2.8 7.32 7.05 3,8 r czman a mra a.- ssu i 6.51 6.53 (.l1 6.64 6.49 2. T  ;. Ic:vnc+aarea.-ua l 4.76 4.81 (1.01 4.77 4.83 (1.2) _ _ __b 5.75 6.04 _(4. 81_ 5._6 4_ _ _ 5. 71) .(1. 2 ) . 12.'n '*"

      . .x, mai c=           use 6 e . tais tone; c a suG4;m rs un GMp 0F wa mi r Uc

f 3 . Page 27 Maine Public Service Company STATISTICAL RESTATEMENT OF REVENUES FROM SALES OF ELECTRICITY December, 1983 FUEL IN BASE RATES This Year Last Year This Year Last Year I Residential C&I - Small (Exclude Fraser-6 MWH)* C&I - Large 285 569 195 382 162 946 335 028 233 024 231 156 3 238 369 2-205 532 2 315 459 3 645 229 2 467 929 2 504 797 Street Lighting

  • 4 203 5 124 53 164 62 241 Area Lighting
  • 3 292 4 122 38 764 46 368 Public Auth.
  • 87 899 102 392 938 735 1 065 642
                                            **        27 230      26 875                     279 753 I       Resale (Excl. NBEPC'- Me. & NB)

Resale-NBEPC (All Periods - Analysis)

                  & Me. & NB 107 856 874 377 2 191 939 912 295 381 689 525 9 774 929 327 028 Total                                                    __

10 398 987 BASE REVENUES EXCLUDING ABOVE FUEL Residential 820 933 741 133 8 664 032 7 703 273 I C&I - Small C&I - Large Street LightinS

                                 .                  473 826 241 563 29 509 453 480 274 408 28 876 5 157 543 3 218 874 350 202 4 612 994 2 853 957 319 828 Area Lighting                                20 102      19 882       222 026       208 920 Sales to Public Auth.                      109 068     103 511      1 099 338       999 174 Sales for Resale (Excl. NBEPC)             204 815     184 606      2 192 044    1 862 437 Sales for Resale - NBEPC                     11 236           95      236 304       132 195 Total                            1 911 052  1 805 991 21 140 363       18 692 778 TOTAL FUEL RECOVERED VIA REVENUES Residential                                307 535    310 036       3 328 169    3 588 488 C&I - Small                                210 319    215 027       2 273 028    2 421 431 C&I - Large                                175 483    213 951       2 385 224    2 454 674 I      Street Lighting Area Lighting Sales to Puolic Auth.

4 527 3 547 94 662 4 742 3 813 94 772 54 929 40 085 963 350 60 800 45 152 1 048 526 I Sales for Resale (Excl. NBEPC & Me.6NB) Sales for Resale - NBEPC & Me. & NB 184 286 112 708 294 088 1 893 996 2 191 _ 694 377 2 186 726 327 028 Total Fuel Recovered 1 093 067 1 138 620 11 633 158 12 132 825 I Total Sales of Electricity $ 3 004 119 2 944 611 32 773 521 30 825 603 I CS.022774/KWH of fuel is included in base rate from 6-10-81 to date to 3-3-83.

       *$.018599/KM1 of fuel is included in base rate from 4-1-83 to date.

o*$.003088/KWH of fuel is included in base rate. .I

DETAIL QF REVENUE. OPERATING C O ,,,,. ,,, c o m s ,. o, .u. . I E,XP NSE AND INCOME ACCOUNTS Maine Public Service Company December, 1983 28 l I DESCRIPTION

        '47 SALES TO OTHER ELEC. UTIL.

HOULTON W ATER COMPANY l THIS YEAR 276 107 LAST YEAR 337 764 THIS VEAR 2 954 881 LAST YEAR 2 841 246 I NBEPC V/.N BUREN UGHT & POWER COMPANY EASTERN ME ELEC COOP. MONTICELLO 115 731 71 574 1 943 2 286 SO 931 2 127 922 468 710 670 18 651 459 223 773 398 18 709 L 21 636 27 014 221 195 231 827 g I EASTERN ME ELEC COOP LUOLOw EASTERN ME. ELEC COOPcPATTEN l 17 841 20 858 180 643 183 983 Q Maine & New Brunswick 8 213 8 213 Total k 513 045 480 980 5 016 721 4 508 386 I 1 0 G".7-$ ALES TO OTHER ELEC. UTIL. MWH HOULTON WATER COMPANY 6 357 6 id7 70 600 64 707_ NBEP.C 1 3 368 72 39 849 19 242 1 570 1 617 15 743 16 528 I VAN BUREN UGHT & POWER COMPANY EASTERN ME. ELEC. COOP. MONTICELLO EASTERN ME ELEC COOP-LUDLOW l l l 39 466 38 469 4 896 379 ,379 4 997 EASTERN ME. ELEC. COOPcPATTEN l 386 372 4 037 3 982 Maine &tNew Brunswick l 272 272 Total i 12__458 8 775 135 776 109 835

  • I C7 5 ALES TO OTHER ELEC. UTIL. ll I

AVERAGE UNIT R ATE . C KWH l l l HOULTON WATER COMPANY I 4.34 5.46 4.19 4.39 l N B EP.C 1 3.44 3.18 2.31 2.39 VAN OUREN UGHT & POWER COMPANY i 4.56 5.62 l 4.51 4.68 EASTEnN uE ELEC COOr. MONT:CEu O Ii 4. 9F~j 5.60  ! 4.92 4.94 EASTERN ME ELEC COOP.-LUOLOw , 4.64 5.76 I 4.52 4.64 i E! STERN ME. ELEC COOPcPATTEN 4,62 5.61 i 4.47 4.62 I Maine & New Brunswick 3.02 i 3.02 t c Total l' 'l' i

                                                                                                                   '8_  !               3.69            4_10
I I I

I I l'

                                                                                    !                                   l
                                                                                    !                                   I

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                                                                                                                      .)            - - _ _.         _

{ lesCWCE C,E s Af f D A T & P R E Cl**' A f sO*e C AT A A sot t F O# ,8 &JC R SE RVIC E A R E A.

w. '

DETAll OF REVENUE. OPERATINC ico ,..a we -om or oc = + Et, u m"PENSE AND INCOME ACCOUNTS l.Maine _ _ _ Public Service Company - '=a -- December, 1983 29~

                                                ]       THis YE AR   l LA*aT YEAR     f        THIS YEAR     I      LAST YEAR 5    442.21 Commercial and Industrial -litarce                                       i Potato Service Company                            28 616        152 097-l            1 447 975             1 720 125 Indian Head Plywood                                11 792         11 682                141 126               112 442 I       International Paper (Moody Chip)

Great Northern Paper Co. - Portage 15 621 1 961 15 149 1

                                                                                      !            8 353 160 633 50 347 173_324 Pinkham Lumber Co. - Nashville           1          61 582        56 632                 696 319               636J 11_

Levesque Cedar Mill - Ashland 23 981 14 758 253 154 166 04_3_ Internat onal Paper Co. - Masardi  ; 4 925 9 400  ! 59 456 120_290_ Tater Meal, Inc. 8 635 13 670 l 126 642 9 Loll _ I ** Johnson's Products R.T. French McCains - Easton i 3 738 97 420

                                                                  -         4 147 84 627 l

l 1 27 326 11 930 1 019 614 __54_15_6_

                                                                                                               ._ _327 927_

21 299 I ^*wJ.M. Huber Corp.

     -* Interstate Food Processing Corp.

Internation:1 Ref rigeration l i i 51 616 30 954 7 841 10 686 29 646 9 328 i I I 412 449 354 561 115 414 317 908 113 004__ Colby Coop. Starch l 16 531 31 752 I 226 546 275 052 1AS Sales 15 579 14 751  ! 159 475 161 851 McCains - Wanburn 4 708 4 575 l 58 03_2_ 2_5.6_ 3 14__

   *<*Hardex Lumber Company                      i           5 596                -    I          46 824                17 312__

National Starch & Chemical Co. I 13 950 12 515 l 147 498 146 96S_ Sherman Lumber Company I 13 961 10 983 l 130 766 141 501 I i Total Comm. and Ind. - Lar % 417 046 488 359 5 604 098 I 5 308 631 t i 442.21 Commercial and Industrial - aree - MWH Potato Service Company I 482 3 464 1 32 443 39_594 Indian Head Plywood  ! 236 223 1 2 826 2 111 I International Paper (Moody Chip) ! Great Northern Paper Co, - Portage Pinkham Lumber Co. - Nashville i 338 1 292 1 184

                                                                                 - U 306 h l'           14 707 3 334
                                                                                                                            $44 3 722
                                                                                                                        .3 316 187 0                4 171                2 364 I      Levesque Cedar Mill - Ashland                           432 i

International Paper Co. - Masardis 95 78 875 1 004 Tater Meal, Inc. 133 256 1 2 264 1 719_ rwJohnson's Products I - 57 l: 325 861 R.T. French I 49 - [ 120 - McCains - Easton i 2 298 ! 1 860 ll 22 998 15 642

   **wJ.M. Hu'cer Corp.                         p            1 248            243                   9 364                  461 I                                                              740           690                   8 197                7 213 wInterstate Food Process ing Corp. I:

International Refriceration li 173 183 2 436 2 382 Colby Coop. Starch li 280 _ (26 h 3 968 5 424 L&S Sales 286 I 263 2 855 2 958 I P McCains - Washburn li 85 75 1 087 4 912 _

  • rwHardex Lumber Company i 69 -

F 394 148 National Starch & Chemical Co. I 304 271  ! 3 209 3 256 Sherman Lumber Company 1 221 174 1 863 2 354 I \ Total Comm. and Ind. - Larce 11 8 761 10__150 117 436 l 109 985

      *Former Great A&P Tea Company Planc Site.                                          I r*R.T. French Co. Plant Site.         Operdted by Johnson's Products'until Sept.                        1. 1983.

wha New Plant. I l

                                                                                                          ~                      ~

7 % r$ro.cac.,.A E C .ri% o.v. ..cvs~~ C.To.~s1.cc or.E - - ~ J

ETAll OF REVENUE, OPERATINC c e .. ,,, . . - o m., o- r.or -o XF-INSE AND INCOME ACCOUNTS Maine Public Service Company ~ December, 1983 ~~ 30 MONTH FISC AL YEAR TO D AT l l ll THIS YEAR i LAST YEAR l THIS VEAR l LAST YEAR 5 445.00-Other Sales to Public Authcrities l RBS Site - Goding Road i 1 641 1 304 16 334 15 049 P.I. Housing Authority-Davis St.l 3 041 3 189 32 211 33 937 i P.I. Housing Authority-Parsons St. - - - 15 689_ l Knerry Housing - Presque Isle 7 043 7 439 73 846 73 435 Littleton Pumping Station 3 635 3 383 40 511 40 447_ Albair Road Nike Site l 1 676 1 602 22 828 19 854 Loring Air Force Base l 176 709 170 725 1 765 496 1 734 275 Loran Site 1 6 582 6 713 76 610 80 709 Connors Nike Site l 3 403 3 928 1 34 852 34 305 Total l 203 730 198 ?83 t 2 062 688 2 047 700 l  ! I

                                                                                                           ~

l I 445.00-Other Sales to Public Autho i t ies-MWH "l RBS Site - Goding Road j 24 21 280 265 j P.I. Housing Authority-Davis St. l 57 59 598 626 E P.I. Housing Authority-Parsons S t. - I - 265 5 Wherry Housing - Presque Isle 1 134 133 i 1 384 1 390 l Littleton Pumping Station i 46 42 l 495 527 g Albair Road Nike Site i 35 33 1 473 424 E Loring Air Force Base  ! 4 226 3 995 1 41 822 40 866_ l Loran Site i 140 141 1 1 670 1 782

     '                                                                                   64               72                  650              647 Connors Nike Site                                            I                                        1 Total                                                                 4 726            4 496               47 372     i     46 792 i                                        l l

f. I I!  ! It i f I ii Il I i ii i: g i  ! g_ i { 1 I l m I q

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'3 i  ! 7 i E  ! I i I I l i i W iseCL uDE DE fe mi t DA Y a ,*ttiP'? ATiO*e O AT A atovt FCA W AJOR S E RV6C E A R E A. i

Il . MARKETING STATISTICS esso c A Maine Public Service Company December, 1983 31 FISCAL YE AR COMDANY ^ , APPtANCES pgNTH MONTH TO DATE M ARnETING 10 DATE

,               UMT SALES BY CEALERS                                                                     ST ATJSTICS      THIS TE AR . AST VE AR THts TE AR .ASTTEAR T He5 YE AR LAST V E A s- %S VE AR hAST TE AR RANGES                                    11             7      117       153   HOME HE ATNG                  -              -       -             -

10 4 120 156 RENTAL LIGHTS - - - - I R ErRiGER AToas FREEZERS 13 20 212 23] CRVERS 12 7 95 7E W ASHERS 13 11 132 11C I W ATER HE ATERS orSHw ASMERS MICRO w A<E OVENS 12 52 557 3L 2 290 1 651 198 225 165 21E 893 I COMPACT OR S 7 4 40 IJ A)R CONDfTC NERS - 4 b8 6j T V BLACM & W HiTE 17 [JQ O_b 93 90, 50 49S 375 I Tv COLOR EST YR REV NEw INST ONLY 19 30510 60p49 211133 461 - - - - I OTHER STATISTICS THIS YEAR "o ~ m LAST YEAR

                                                                                                                           '2MonmENo~G THIS YE AR              LASTYEAR I       R E SCE NTI AL ELECT RiC HE ATING ST ATISTICS R EVEN UE                                                                   116 784             98 746      1 022 610                  902 605 I   MAH CUSTOMERS AVER AGE USE kWH 1 610 1 289 1 249 1 393 1 134 1 228 14 045 1 219 11 522 12 844 1 067 12 037
                                                                                                                                                       ~
     *T'ielve Month Average ACcurulated Te Date Deeree Davs                                                       .

1 564 1 325 3 609 3 488 I I I I I

bP ge a,PLEMENTAL SH E ET C MPAN5NAME Maine Public Service Ccmpany MONTH OF December, 1983 PAGE~ 32 i j (EN T S PE R flWH MONTH FISCAL VEAR TO DIVE PURCHASED POWER - 5  ; CURRENT THIS YE AR LAST YE AR THIS YE AR t.A5T Y E AR LAST E. & N B. I HYDRO . CAPACITY f i 67 106 22 238 374 930 335 491 b . FIRM E NERGY l .36 .37 65 024 46 811 461 457 352 792 E SUR PLUS ENERGY I TOTAL HYDRO .74 .54 132 130 69 059 l 836 387 688 283 OIESEL . CAPACITY - - 1 343 811 10 309 9 722

                . FIRM ENE RGY                                           -                            -                                               -
                . FUEL                                                                                                                                      l TOTAL ME. & N.B.                          . 7__5         .54        133 473      69 8_60_                     846 696     _   f_98 005 I            -

E s.E.P.C. - CAeACiTv CaARGE I l . FIRM ENERGY l l b - ECCNOM. ENERGY l 4.98 5.13  ! 143 583 459 337 l 1 943 700 3 717 177 E -N.B E . P C. - OtheLEnergv 4.73 4.63 167 276 145 315 1 284 958 1 934 435_, I SCHEDULED & EMERGENCY 4.52 4.44 18 377 128 342 299 567 1 070 327__, L .FuEt ] 1 E TOTAL N.B E.P.C.  ! 4,82 4.89 329 236 7 R 994 L3,_528 225 6_721 939 P i I M.E.P. CO. CAP ACITY CH A RGE l 83 128 68 234 I 788 360 838 835 FIRM ENE RGY l  !

                . FUEL                        !     4.50          4.35           280 797 374 649               . 2 594 491              3 036 662 l l          TOT AL M.E.P. CO.                 l     5. 8 3 __     5 14          363 925 442 883              ,

3 382 851 3 875 497 I I f AINE YANKEE . CAPACITY CHARGE 364 668 409 696 ' 3 694 784 3 775 176 I FUEL 1_._21 _ .79 246 336 99 484 I 2 272 895 1 646 063 TOTAL MAINE YANK FE l 3.00 4.05 611 004 509 180 5___967 679 5 421 239 (

 %NGO3 HYDRO - ENERGY                         l         -         4.86     1            -       874                           2 099           1 552 i
                . FUEL                        l                            !                        -        !                                             I

, l - TOTAL eANGOR HYDRO  ! - b.8b b. 874 2 099 1 552 ! ( l i i ll l 4 l lmn i l i i , Emeceration - Windmills j - - I _ J 4_)_ _ j . ,_ _ 4 [' I I !f l l II E Total Purchased Power i 2.80 3.58 1 437 6381 55 787 l[13 727 550 (16 718 236 - W l 0 l  ! l ll c I . h l ll 3. E  : 'l i P l . l l i E 5 - I  ! h  ! I r  ! T t

                                                                                                                                                    '~ ~ 9 L4
                                                                                                                                                                   -J
   . SUPPLEMENTAL SHEET 4 uo-2                                        Maine fablic Service Cggpany                                Decem_here    1983         3.3_-

CUM. . PE 3 KWH MONTH h FISCAL YEAR TO DATE PURCHASED POWER -MWH CURRENT LAST TH1$ YEAR LAST YEAR THis YEAR LAST YE AR M E. & N.B. HYDRO . FIRM ENERGY .37 .36 17 912 12 820 126 279 97 178

                   . SUR PLUS ENERGY                                                  _

_ _~ _ TOTAL HYDRO .66 .71 _ 17 912 12 820 126 2/9 97 178

                                                                                           ~            ~                ~                ~

OIESEL FIRM ENERGY Tot .L ME. & N.s. .67 .72 17 912 12 820 126 279 97 178 NR E.P C. - FIRM EN ER GY

                   . ECCNOM. EN E RGY                      4.92         5.14            2 885     8 962           39 508          72 254 42 052 j I                   N.B.E.P.C. OTHER EN E RGY
                   - 5CHEDULED & EMERGENCY TOT AL N .B.E.P.C.

4.24 3.61 4.52 4.60 4.57 4.88 3 535 407_ 6 827 3 140 2 892 14 994 30 283 8 306 78 097 23 434l 137 740 l l M.E.P. CO. - FUEL E NE RGY 4.21 5.43 6 245 8 618 61 555 71 406 I

                                                                                                                     .                         1 MAINE YANKEE FUEL ENERGY                                .' 7 7      2.44          20 345     12 574          296 164         222 297 i I

B ANGOR HYORO ELEC. CO. . ENERGY 5.52 4.85 - 18 l 38 32 l MONTAUP - FtRM ENERGY I l

                                                                                                           !                                   l COGENERATION - WINDMILLS                                                                              l                                   l I                                   i i

l TOTAL PURCHASED POWER 2g 3.16 _ 51 3_29 49 024 1 562 133 528 653 l I i I i i l , i l i I I l l i l i l! I I  ! i I l I I l l t a

UPPLEMINTAL SHEET "="'""2 " " ' " * ' " " " " ck Maine Public Service Company December, 1983 34 CONSOLIDATED SYSTEM PRODUCTION DATA E l anowrn erscat vase to eats d ENER2Y . MWH twas vsas tastvsae THis vene tast stas g HYDRO PRODUCTION NET 21 '19 16 374 157 741 128 101

]       STEAM FRODUCTION - NET                             6 136            4 334          44 564                38 165

'J ExtSEL PROouCTiON - NET (118) (103) (876) (R68) E NET GENER ATION /7 437 ?O 605 901 490 165 398 9 ruRCHASES 33 417 36 204 435 854 431 475 l INADYERTENT RECEtVED (DELivEREo) 141 (53) 411 99 E TOTAL SYSTEM INPUT 60 995 56 756 637 694 596 972 h 'E PR' MARY SALES 51 030 50 765 560 228 538 805 LJ l SECONC ARv S ALES 3 368 72 39 855 19 252 .d TOTAL S ALES 54 398 50 837 600 083 558 057 d E COMPANY USE 173 180 1 273 1 324

]       ACCOUNTEO FOR                                     54 571           51 017        601 356               559 361 J       LOSSES                                             6 424             5 739         36 338                37 591 E

9 EETAIL OF SECONDARY S ALES l NEw cRusSwiCx ELEC. POwcR COMM 3 368 72 39 849 19 242 g FRASER PAPER COMPANv . . 6 }Q E l TOTAL SECONDARY SALES 3 368 72 30 855 lo 95? O ' E TERRITORI AL LOAD - MWH

] TOT 4.t SYSTEM INPUT LESS SECONDARY S ALES TO NBEPC     57 627           56 684        597 845               577 730 d                                                                                                                              (

3 . IMERY LOAD . MWH q TOTAL SYSTEM INPUT LESS ALL SECONDARV S ALES 57 627 56 684 597 839 577 720 I E I E t l PRIMARY PE AK - MW d GENERATION 49.7 26.8 xxx xxx ' E PLUS INTERCHANGE RECElvED 68.0 92.3 xxx xxx

]-      LESS    INTERCHANGEO DEUVERED                            -
                                                                                   .9            xxx                  xxx

_l TOTAL Sv5 TEM 117.7 118.2 117.7 118.2 E g SYSTEM PRIMARY LOAD F ACTOR % 65.8 64.4 58.0 55.8 l SYSTEM LOAD FACTOR 12 MONTH ENDEo 58.0 55.8 xxxx xxxx l E t

-l $UBSIDI ARY LO AD
  • g Er.ERGv - Mas 3 083 2 847 24 962* 24 472 g COvvDENT PE AK - Mw 6.3 5.9 6.3 5.9 I

E TIME C F PEAK g vOsTs xxxx xxxx December December M l DATE 20 13 20 13 d eeuR ENDiNG 17:00 17:00 17:00 17:00 Tuesday l 3 DAv Monday Tuesday Monday g 7 J E i M i i thj u $ L U1 d

o,,,,, ,; g OPER ATING EXPENSES

SUMMARY

E LECT RIC Maine Public Service Company December, 1983 35 m uA ~'

                                             %*,d,P           f~            MONTH           l        FISCAL. YEAR TO DATE THl$ YEAR         LAST Y E AR
                                           $',',,     "$d"    l THl1 YEAR       LAST YEAR   l 6       CPE P ATION
                                            .70          .59         366 746       289 204         2 746 786         2 654 617 STEAM POWER GENER ATION I  NUCLE AR POWER GENERATION HYDR AULIC POWER GENERATION OTHER POWER GENERATtON
                                            .02
                                            .02
                                                          .01
                                                         .02 l         8 462 8 538 4 758 9 802 1 419 143 83 576 77 053 14 501 351 51 268 86 721 15 479 215 OTHER POWER SUPPLY EXPENSES            2.63        2.91        1 375 104 I  TR ANSMISSION EXPENSES oiSTRieuriON EXPENSES ICuSTOMER ACCOUNTS EXPENSES
                                            .17
                                            .10
                                            .22
                                                         .17
                                                         .11
                                                         .16 86 960 50 398 112 995 84 767 56 055 77 151 1 014 648 528 593 845 757 953 476 567 880 707 781 17 740            155 582          151 665 I  CUSTOVER SERVICE AND INFORMATION SALES EXPENSES ADYIN. & GENERAL EXPEN5ss
                                            .03
                                             .42
                                                         .04
                                                         .65 l

f 16 875 217 572 315 798 2 432 514 2 613 533 TOTAL CPER ATION 4.30 4.66 2 243 650 2 274 418 I 22 385 860 23 268 156 M AINTEN ANCE

                                             .04         .04          22 240        18 627            262 268          208 316 STEAM POWER GENERATION NUCLE AR POWER GENE R ATtON 1       (3 823)          867             84 007          53 504 HYDR AULIC POWER GENERATION
                                             . 01_ _     .01            4 710       _3 825              37 937          45 946 f THER POWER GENER ATION
                                             .02         .0L            8 143        6 947            129 609          116 117 TR AN5M15510N EXP EN5ES
                                             .10         .07           51 457       35 967            445d26_          403 466 oiSTRisuriON EXPENSES
                                             .01         .01            4 258        5 704              42 558          54 318 ADMIN. & GENERAL EXPENSES TOTAL MAINTENANCE           .17         .18          86 985        71 937          1 001 905          881 667 TOTAL OPER. EXPEN5ES      4.46        4.81        2 330 635    2 346 355         23 387 765 24 14_9 823 TOT AL CH ARGES TO CLE ARING ACCOUNTS:

I STORES EXPENSE _ 163 TRANSPORTATION EXPENSE 184.2 ENGINEERING EXPENSE 184.4 4 334 45 362 16 119 13 432 36 367 17 548 i ll 107 867 437 342 242'569 113 532 537 334 198 210 I 3 846 4 037 3 -41 429 _I I GENERAL OFFICE EXPENSE 184.6 ti ll l 45 899. - - T =. I I . I I-

MARY CF POWER PR"DUCTIT.N to... ,,. .c .o 2 or ,a g PENSES zi Maine Public Service Company ,De g er. 1983 36 i MONTH FISC AL YE AR TO DATE PRODUCTION OPERATING EXPENSES  ; ,,,,y,,, L,,,yg,, , y g,, y g , t,,,,,,,

                                                                                                                                                                 ~

l E ToTat sTtau eowca oc~taaTm  ! 388 986 307 831 3 009 054 2 862 933 , TOTat NUCtcaA poWca GcNcRaisoN I

     ,        iom svmauuc renca cc~ca*Tio~                                 l          4 639              5 625                  167 583              104 772         -

Tom oT ta coaca sce.caaTio~ l 13 248 13 627 114 990 132 667 l

     =                 tot AL PO*E m oE=ER Aview                           i       406 873            327 083             3 291 627              3 100 372 ccsts oca ~ct awn ecsta*Tco                         I          6.06                6m62                       6.52                7 09     ,

TOTAL SYSTEM $T ATISTICS u*u c.cscaaTco caoss 7 085 5 227 53 189 46 322_. u waw svaTo~ usE , 371 289 2 729 2 574 3 u ww oc~caaTeo sci  ! 6 714 4 938 50 460 43 748 uww eowca evacsasco i 51 329 49 024 562 133 528 65 L _ isacecaTesT uwa accervco cctivcaeo>

  • 1 141 (53) 411 99 g TOT ALMWH OUTPUT TO LINES hET  ! 58 184 53 909 l 613 004 572 500 g uWH TRAss*LaacD TO OTHea DcFAaTucNTS uns usco ev cou A~v 100 97 878 876 uw- soto 52 207 48 770 580 919 539 818 TOTAL Mws ACCouwrEo rom I 52 307 48 867 581 797 540 694
    'E        Mws tosses                                                   ll         5 8,77             5'042                     31 207      _ _ J1 806          I tosses As a s or output To u .cs ~cT                       l           10.1%                9.4%                        5.17,_             5.6%_
  • DEUVERED COSTOF POWER e

MAtNE Y ANKEE POWER DELIVER ED COST eL cAraciTv i 364 668 409 696 3 694 784 3 775 176 ss3es ruct i 246 336 99 484 2 272 895 1 646 063 ' w-ocu~c costs  ! l E zi surreaT c+ cu-u~c  ! . _ 3;w umst vaw oc re assu.sse i 26 877 24 336 311 778 292 03 L g o, r.scrco w ccu~c 14 364 9 167 196 579 143 711 , 9 437 9 382 ' 113 243 lox 181 j 3-2 w s: asset TOOR;ENT i DD1 Db2 552 065 11 6 589 279 5 465 3M Tot At oEtsvEREo Cosv oF MAINE V ANKEE PC*ER k' i 1  ! l M AINE ELECTeesC PC*ER DELIVER Eo COST f JM u cApaciTv It 83 128 68 234 788 360 838 835 e us , ruct  ! 280 797 374 649 2 594 491 3 036 662 w ccu~ccosTs 1 Eni suppoa*or uteco unc l - . (11 774) (1 2111 ses o, ~c, caco wwccu~c  : 4 719 6 290 1 44 423 49 577 1 I m e TOT AL DEUVEREo COST OF MEP CO PC AER h 3bb e44 1 449 173 1 3 415 500 3 923 863 I i_ i , I I i i  ! N l  ! l l l l ToTatsTsTEM Coi=CioE=T eE Ax 111.c I 112.3 1 111.4 112.3 f 55.8 I svstru toao ra:vca <sasceo co ~ cast eo  ! 65 8 64.4 ' 58.0 aru rsa r.cr **w c.cscaaTco I 10 683 10 805 10 588 10 803 5 17 5.53 s J2_ __ _l 5_3 j Ju ruct cost cc~Ts eca cf nus ocscaaTEo l (- svsico ocao ,actoa 12 w o esxo 58.0 _ 55.8 _

                   %E $c COSTS anc 'Neu.MD ON 65 6c 20.NC es2O fi7 1
  • Prier Year restated to recognize the Inadvertent Energy, t

cc-^" "*"* " " " ' ' " ' PO' o cu,NERz PRODUCTION EXPENSES Maine Public Service Company December, 1983 37 I TYPE -- STE AM __ STATION - Caribou MONTH I FISCAL YEAR TO DATE STEAM POWER GENERATION I 500 50, rueu OHR A.TLOlt. Orca.Tica so,t.visio~ a Emomaanma 7 925 12 110 9 900 16 340 7 428 105 547 36 909 108 423 51 107 86 597 302 src. Ei c~ses 6 949 78 118 I 503 504 sos Straw racw Otwrm souncts Sit Au Taa%sr ta;itD-CR. Eucra.c Ei,c~ses 6 464 6 824 79 283 73 530 73 574 I we 507 u'scrt'a~aocs srcau Po-ca Ex c~sas RE~Ts 5 377 6 878 58 377 TOT AL OPERariCN 38 825 47 370 l 358 234 393 231 CsmTS Pam NET KWH Gamrm.T== l 31.06 26.76 l 193.64 136.07 M AINTEN ANCE siO mu~ ram. cc suPsavis,ou a E~amismaa 2 606 2 741 32 477 31 681-I sn si2 sia uamrta=~cs or st=ucTuaes uustes.~ce or emta PuuT uamics.~ce or Euctmc P A~T 486 461 7 798 2 613 1 070 II ll 4 758 16 838 124 704 3 170 24 401 59 098

      $14     Mo~TENa%ct or urscrLLahtous STEAM PLANT                       1 756           1 696                     11 276             10 015 TOTAL MAmTENANCE                        I         13 107           8 120       ll          190 053            128 365 CENTS PER NET KWH GEhtR ATED                       10.49            4.59                     102.73              44.42 I

I l TOTAL STEAu POWER GENERATION I 51 932 55 490 1 548 287 521 596 ~ CENTS Ptn NET KWH GENERATED  ! 41. 55 L_ 31.35 R 296,37 _1814_8 MWH GENEmatgD-Gnoss l 166 -- - 224 537 702_ _ MWH $1 Atto~ UsE I 41 47 352 419 uwH Gesta*Tro-Net __ 11 5 _.__ _117 l _ ___ 185_. 'co Tovat svarios Ptaa-Nc7 uw 13.9 5.7 13.9 8,6 66 659 I eru Pea sef xws ca maavio run Cosr-Cc~rs Pen SET KwH Gr~anarco 23 984 96.88 22__209_ , 92.32 11 1R_L11 42 671 176.84 l i OTHER POWER SUPPLY EXPENSES OPER ATION sss Pu c- c o Poata

  • 1 437 638 1 755 787 13 727 550 16 718 236 I

sss sysrc Cc,~1.ot a Lo.o ois .ic m. 9 774 11 108 128 890 118 257 557 Ornta Empt~sts l ss2. cErEu.Ee ruu tgEssE l (72 308) (347 752) 644 911 (1 357 278) i 1 375 104 1 419 143 ll 14 501 351 115 479 215 I TOTAL OTHER POWER SUPPLY EXPENSES Cests Ptn KWH Puncwasto j 2.68 l 2.89 li 2.58 I 2.93 j l! a l TOTAL POWER PRODUCTION EXPENSES l Ct~7s Ptn KWM-Output to LINES f I MISCELLANEOUS PRODUCTION EXPEN5ES 5398 CASTLE wsevASARDeS STUDY 2__530 30 360 i i i i  ! l

  • Fun ~'sw DEta*L o~ & ES6C 2A L I I

co

  • ara =6 -o~r u am I WER PRCOUCTION EXPENSES
' " * " " "                                           Maine Public Service Company                  December, 1983          38 STATION Wyman Unit #4                                                                               TYPE - STEAM MONTH                    FISCAL YEAR TO DATE STEAM POWER GENERATION                         THiSYEAR          LAST YEAR      THIS YEAR          LAST YEAR SLE BAY.19fL o:c.ario, su invis:o= a r~.iucc.nua                         1 761            1 204         10 425              6 698 run                                                     307 931           223 791      2 275 817          2 152 277 l soi a  atta= rn,<~sts                                             4 274             2 590         22 394             17 827 3  Srtaw rnow Orwtp $ouncts                          l 504    Srtau Tmanss anato--Cm os    eucraic circases                                           2 294             3 041         13 944             17 179        -

MisctLLahtous $rtau Pcw tm Empthsts 11 661 11 208 65 972 67 405

                                                                                                                                     ~

for n r r. l _ L i 241 834 2 388 552 2 261 186 3 TOTAL OPERA 71oM i 327 921 Cants Pam NEr KWH Gawamarso 11 5.46 5.82 5.38 5.97 M AINTEN ANCE uuure a~ca suet = vision a s .i ar=>== 1 490 1 030 7 916 63 U_ 444 4 308 3_M2_ i wu~rc~a~ct or st=ucru.cs 617 _ 512 MAiNet%a%ct or BoiLEn PL Nr 4 789 7 541 28 830 50 18'4 h3 uuurs~4 ca or sucraic Ptaur l 1 664 735 26 597 15 144 757 4 564 4 650 34 muset,.a,.ca or wisecua sous sisau PLaur l 573 I l 10 507 72 215 79 951 [ 7o74LMAmirnance 1 9 133 I Cthis Ptn NEr KWH GENtnarEo l .15 .25 I .16 21 p vorAL strau Powr= castnation N 337 054 l 252 341 l 2 460 767 2 341 337 l caurs Fca Nar Kww craca rto ll 5. 61_ _. 6.07_ 53 _ 6.18 g uws ot~anano-c=o== 4 6 213 4 279 45 788 39 062

                      ~"                                             202               122         1 409               1 186 E         "*"5''                                           I 44 379        ____ X fG 6 __

l uwH oestaarco-Net i b_QL1 4 157 __ g vorat svariou pran-str uw i 22.0 22.0 22.0 22 0 g erureanarr.wn otst- reo  ! 10 168 10 018 10 203 10 292._ , y run casr_ccurs Pr. urr nww ot~anarco i 51.23 53.83 5.13 56,82 _ i

        " Fuel Reconciliation
          #2 and #6 charged out of Acct. #151 298 369                              216 972     2 194 642           2 006 069 Fuel Costs allocated to Wyman #4                          8 070             6 315        73 690            141 586 I            Total for Fuel Adjustment Fuel Additives 306 439 1 218 223 287 319 2 268 332 5 536 2 147 655 3 575 1 949 I       Expense cleared from Acct. fr152 Total Fuel Expense, Acct. !501                      307 931 274               185 223 791     2 275 817 1 047 2 152 277 j

I D I D I  ! I  : I _s

co e"' "' ' - " ' " *

  • m t ""

.I,ima"" PO\.YER PRODUCTION EXPENSES Maine Public Service Company December, 1983 39 TYPE - HYD R AULIC I _ STATION - Caribou H)DRAULIC POWER GENER ATION THis YEAR MONTH LA ST Y EA R j l FISCAL YEAR TO DATE THIS YEAR LAST YEAR I OPER AriON s3s e ia.r.o svar m.o a E,... ... .. 613 834 8 656 9 710 336 W.vE m r om Po* E. I - - 1 53 53 337 Hv en.vtec Empt~sts 977 - l 4 444 2 648 I s3s 339 e4o Eticia.c C . s s Misc H voa.utic Poet a GE, t Rarso~ E aPg.iges n ~,s l I 491 266 525 130 l 1 6 071 3 147 5 581 1 931 TorAL ore = ArioN 2 347 1 1 489 i 22 371 19 923 casis et. Nor nws etsra.ico I .58 I 26 'l .42 .as mAINTEN ANCE l I f' s4i u ,~11 ~. c. su c ..s.o. a E ,.o i ~i t a i ~ a

415 440  ! 7_101 5 090 342 u.i ir~.~c or staverv cs I - - 1 249 818 saa u.mia . ca or nesravoias. c -s a w vta*.vs i 5 623 -

t 9 138 10 399 I s44 54s u..1c~. cc or Ete.va.c et r u..~rc ~.~c e or u,sc. sv e .v usc eu.~r i l l 220 232 8 483 47 7 719 2D3__ 6 258 672 li 25 018 ' 24 234 I total m AiNTEN ANcE I cc rs pr. Ncv nww oc a.rao i 1.55 ,12 0 47 43 TorAL HYDR AULic POWER GENER ATION i 8 605 2 161 ll 47 389 44 157 ca v. es Net xws cr~t=.rro i 2.13 38_) A 90 _

                                                                                                                                                              .78 I             uw s oc~en.rco-caoss uws sr rio,. use M WH GENER. RED-htr i

i l 406 404 2 577 57s 2 i 1 t 5 308 5 284 24 5 655 s All 22 448 448 4 980 I No. .u w ra. vs..-N er uws cc ca r.o= I I 4 980 Tor.L Sr.rioN PEin-Ntr MW l .9 9  ! .9 .9 I '

                                                                                                                                   ~

STATION - Caribou TYPE -Internal Combustion CTHCR POWER GENERATION . O,dE R ATION i s46 C*ta.fio~ swesavis.o 6 Esai~stmi~a 2 249 2 851 1 31 077 31 746 I 3 571 s47 - FutL I 888 A01 4 225 54e ar~c..r o~ E.. ~ses i 3 881 4 562 l! 22 673 29 719 349 utsc Cratn Pow an GE~ER.rio~ EzPE Nsts 11 968 1 042 h 12 219 14 322 l I Ss0 R Eurs  ! i TOTAL OPER ATION I 7 486 I 9 OSS I! 69 540 1 80 012 cssrs pe= Ncr nws cr~sa.reo 1 - i . I, - . I ssi es2 maintenance u.,~rc~.~cE sv.ca. . o~ a E~a m e ra.~a u.mics.~cs or stauctuats l 1 718 (32) 20 29 1: 9 067 635 8 375 607 ssa u.,~res.~ce or oc~sa.ri~ a Etsct..c pu.~r j 1 537 1 649 il 7 153 10 124 .I s34 u.mrc~.~ca o u.sc er-e n po.r a cr~c e.r.o~ p .~rll 1

                                                                                                  -                 _    li h

315 sg3 TOTAL m AiNicN ANc' i 2 223 1 2 397 II 17 170 19 610 Ct~rs Ptn Ntr KwM Gr~En.rto j . - p , . TOTAL ornER POWER oENERATioN i 10 209 11 455 li 86 710 99 622 ce~rs rea Nar nww ot~ra.rro j - - t - - 44 I 6 43 uw s ot c..rco-caos. I 7 i uws sv r.o= uss j 74 69 I 499 513 u w - c, c ~ . . r c c-- N e t i _(68)_ (62)J (4261_ (469) ro,.s sr.rio ec.. , tr uw I 2.3 2.3  ; 2.3 2.4 eru pr. Ncv nw ct~ca rio  ! - I runs cesr-cs=ts Pta har Mw H Grat a.rto } - - i - gg  % W

                                                        ~c EvWe' "-~~
                                                                                 ~ ~ ~                              ~

idra or use rr gPCWER PRODUCTION EXPENSES El * " "" Maine Public Service Company December 1983 40 STATION - S_qua_ Pan ___ TYPE - HYDR AUUC

                                                                       !                 MONTH                                FISCAL YEAR TO DATE HYDRAUUC POWER GENERATION                                                                                  THis YEAR          LAsT YEAR l  THis YE AR                LAsT YEAR OPER ATION sn    O., .. . .o~ s o. a. .s o~ a r ~..~r i a.~ o                                  245                 456                   4 850            4 784 DT    watta rom Powta
  • 337 s,o .vt.c E .r~sas 152 147 2 607 2 632 l en e Eucia.c E ec~ses 2 714 1 200 13 549 9 648 gW u,sc He c a.utic Po*ta Ct ~ta.teo~ E RPE~5ES 367 1 290 9 285 12 089 l s40 mt~,.

d 1 I g TOTAL ope =AriON 1 3 478 3 093 1 30 391 29 253 l CE~Ts Pt a N ET K WH Cc~En.Yto l 1.21 2.40 1 2.09 3.74 M AINTEN ANCE l@ sa u.mec~.sce su,ca....o= a E~ m ra+= . _151 160 3 478 1 912 s42 u mve~.~ct o. staucevac.  ! - 57 3 070 2 290 lsu u.,~1 ~.~ca or Rt r nvo.a.. c .. a w.v a.. . . 1 (996) (20]_ 29_688 3 835 su u.mic ~.~ca or Eu e va.c Pc.~r 1 - - 1_426 516 I s4s M aistr ~.~ce or misc. Hvc a.utac Pt.Nr l = (8 . 1 835 1 981 l 0 I TOTAL M AINTEN ANCE 11 ( 8 '. 5) I 2 ': ; I 14 497 12 534 - Ct~Ts pea NET Kw H genta.TED l ( . 29)l .17 l 2.72 1.60 9 TOTAL HY DR AULIC POW ER c EN ER ATION I 2 633 I 3 318 il 69 888 41 787 l Cruv. Paa Nar nw w ca~ra.veo __ L _ _ .91 1 21 1 _ _4.81 _ . i. 24_ I u w s cc~ca.tco-c os.  ! 293 138 1 493 837 MWH STAYeoN Use 1 5 9 40 55 l u w M oe~saatco-Nav 288 I 129 1 1 453 782 Non .o w.ve. Ts.a-N av u w r ci~c a.rio~ 192 i 192 1 650 652 _ 1 i Tov.c svario~ Pa.a-Net uw I li 1.3 1.3 1.3 1.3

                                                                                                                          ~

STt. TION -41ou l t on TYPE - Internal ~ComDustion OTHER POWER GENERATION , i OPE a Af TON { su Cesa.fio~ suPtavisioN a Essassta No s.:7 ruiu ' - -  ! 330 394 l I 54a j cr~ca v.o~ E

                              ~ses                                     i                 -                    -        i       1 113                873    l l m j u..c C..e         Po r a orst a.vios E..r ~ies                  i               33                  44          i           518              490 saoinests                                                                                                          I                                   r Il                                                I g                   TOTAL OPER ATION                                I!                31 1                44         Il       1 961      1      1 757 l                   cc~t. Pen Nar nw s ce~ca.vao                    I:                  . I                  _       p               -  i             .

M AINTEN ANCE l a I l u.mi ~.~cc su ca<,.,o~ a E~smera ~a l 227 280 3 181 3 112 - l ssa u.mtr ~.~ce or staverwars - - i ' 59 - u.mrc ~.~ce o, o c ~ c a.rmo a E t rev = c P6.~T - 255 1 2 464 3 230

                                                                .~r j.

Is33 s34 v.m.c s.~ca o, u,.c o,- a Po.c a o c ~c a.r.o ~ P > I. I i t t TOT AL M AiNTEN ANCE P 227 I 535 il 5 704 6 342 I[ CE~TS pea NET KW H GE~En.tED TOTAL OTMER POWER GENER ATION Ca~r. Pia Ntr xws ca~ta. ro y y yg

                                                                                         , l 37g
                                                                                                             .j j

l 7 6 g ti 8 099 I uw s casia. viro.7. MW H sv.f so~ USE wws ce~c..,ec-Net _ J_Dj 10 0 A 0 ( 91L 1 I 4 79 _U SJ ____(RL g? 6 I [ Tot.t statio~ pr.u - New uw I l

                                                                                                                                      -                 1,  ,

BTU Pt Ntf Kw H GC~Ea.?ED , l r et o Cost-c r ~ts Pt n *.ct nw M Ct~ta.Tto  ! . - I - . b-- -

                                                                                       =
             .                                                                                                                                              ?

l t

ce = ~'**"2 "o""*' **a'

   , POWER PRODUCTICN EXPENSES

' ***"""* M_aine Public Service Company December, 1983 41 I TYPE - HYD R AULIC _ STATION - Millinocket Lake Reservoir _ MONTH FISCAL YEAR TO DATE HYDRAULIC POWER GENERATION THis YEAR LAST YEAR THIS YE AR LAST YEAR I s3s s36 _ofERAHON_ oat m.Tio~ Suot avisio~ & E ~o ~r t ni~s W.ita s om Pow Em

                                                                                             -              176                  323            2 070 s37     Hv ee.utec Emer~sts I       538 s3e 340 E t sctpic E.ptNsts uise H,c a.voc r a . Gr~c..Y,o at~Ts E..c ~sts                    107                    -

131 17-vot AL OPE = Avion 107 176 I 454 2 092 Ct~,s re . N or xw H Ct~t..rio H _ l - I - - I M AINTEN ANCE s4: u.i~it ~.~c a Su c.mio~ a E~. ~atais. ._ . 651 640 542 M. INT E ~.~ct or SrmocTwnt s I . 12 343 u.i~,c~. cc or acsc. o .s. o. s a w vtaw v. I (9 238) (121 l 16 253 13 161 I ~ e44 eas u.i~16 ~. cz or E u ci.:c Pu~r u..~rc,..~c t or u,se. Hve..uuc Pa ~r I 2 (18) i i I 2 576 2 935 (30)i 19 492 16 736 I votAL u AiNTEN ANC 1 (9 236) I CE~rs Pgm Ntr KWH Ge~En.TED  !

                                                                                                               =h                   =                  =

TOTAL Hvo= Av'ic Pow ER GENEn AvioM l (9 129) I 146 k 19 946 18 828

                                                                                           -                                        =                  .

Casts PEm Nt? KWH Gr~E9.TED  ! -

                                                                                                                 .l I               uWH GE~ta.rto-Gnoss MWH ST. Tion USE M WH G r ~t a. RED-NET j

l l

                                                                                          =
                                                                                                               =

l l l I None.L Ware 4 YE.p--N Er M W H Gg~ ta.fio~ l . . l , ,

               %f.i ST rio~ PE.R-NEr MW                                       l           .                   .

l . , l  !  ! STATION - Flo ' c Tnn TYPE - I nternal Combust [On OTHER POWER GENCRATION OPER ATION s4e . o. ..Tio~ SveEnvisio~ a E~oi~ctar~s 229 236 2 712 2 574 I 376 1 440 1 640 i 547 . Fut6  ! 224 34s Gr~ca.rio E c~ sis  ; . 1 406 44 549 M'sc CTwg n Pow s m GE~t a.fio~ E.PE~s ts l 66 bb l 994 694 sso I a t ~ rs i I I 1 total ortn ATioM  ! 519 1 700 1 5 552 4 952 C ~Ts Pt= Nar uws Gr~ta.rco l . li . MAINrENANCE I ssi u.,~1c .~c t Sv.ca mios a E~ . c.. .  ! 475 481 5 680 5 385 ssz u i rs . ct or STaverunes  ; . . j 41 85 1 785 9 330 I 405 14 441 u.,~rc~.~ce or Ge~r..Ti=G a EacTmrc Pu =? t 33  ! 12 u.i~,a ~.~ce or w se ov-a. Po.t. Gr ~1. rio Pu.~1 7 83 534 l . , t i I TOTAL M AINTEN ANCs i 2 260 893 t 15 063 l 19 994 I CENTS Ptn NET KWH GE~E A.TED TOTAL OTHER PCWER GENER ATION CE~TS Pra Ntr MWH Ga~ta.TED l i l 2 779 1 593 li l l 20 615

                                                                                                                                   =

24 446 I u w H Gr ~t..rs o-Gao** u W H St.Yvo~ Ust u w H GE~a .vto-sc, i I 37 (3M 1 IM. 2 31 i l 16 326 [ 3,] OJ__. 16 103 _( 2 6]7,), 1.0 1.2 1.7 1.4 I tor.s ST.r o= ec. -Net uW

                                .                                              i                                    1 BTU Pt n NET MWH GL*E"*'ED                                   l         -                    -      I             -                  -

ret t Cost-CE ts PE R Ntt Kw H GE ~L A.TED i .  ! = =

  • g qp %

s

T NSMISSICN AND DISTRIBUTION co="Nva.-4 =cm or ac~r E gS - EtECTRIC Maine Public Service Company December, 1983 42 TRANSMISSION EXPENSES ' g THis YE AR LAsT YEAR l THis YEAR ' l LAsT YE AR

                "~

E soo  ::: r.ou so,c m.o= a ca..~cc u . 2 074 1 924 28 036 24 856 sei tm o, ,.ve,.i ~ a 6 512 5 915 77 049 10 950 sur,o ~ c . ,, s.. . 3 444 3 Zi9 24 258 ZZ 60

 ,.          war-a o u~c cans. .                                            (113)             1 012                      6 804               9 631
 ! ss4       u~c c a ou~o u~ a r.,< ~.c.

T Tm.m...o= o, con cruc.1, e, cru e n. 68 470 62 721 806 725 743 468

  ]          u,2crua         ou. 7,.~.m.. o= c an   .c.                 3 917                7 236                    39 529             49 574 577     Ge~T.                                                        2 656               2 680                    32 247             32 116 60 900              84 767 I

T1TAL open AYeoM 1 014 648 ' 1 953 476 CE ~r. P E R KWH - ou t ruf To Li~t. .15 .16 i .17 .17 < l u t.i N TE N A N C E l u u ~rs . c c so,c.mio,. a r ..~ aa ia. 1 336 1 182 15 972 16 902 re } um rc .~cs or si ucruar. (3 375) - 5 594 - i s uu ve~. ca or svario~ coure= =r 530 329 14 337 18 569 r Yi u u=rs .~cc er ovea=1.o u c. rii 9 652 5 436 93 607 80 277 ,~e um rr ~. c c o, u ~ =t...ou ~o u se. - l 270 _e uu rc~.~ce or u.sc. Tm.~.m..som PuMY - l 99 99 TOTAL u AiNTEN ANCr 8 143 0 94) I 129 609 116 117 CENT. Ptn KWH - OuYPu? To u~t. .01 .01 i 02 .02 ToTAi. TR ANsuiSSioN EXPENSES 95 103 91 714 l 1 144 257 1 069 593 CENT. Fs e MWH - Ourpur to uNr. ,16 .li i .19 .19 DISTRIBUTION EXPENSES s I sei C Pl o_ mar? ATioMa io~ sunamieu tuo o,.nvemaa c== ~rie . 6 674 2 294 6 9P 1 324 i 76 019 19 393 75 382 15 077 [3 sj rn,o c a n ... 965 9 188 931 7 985 10 377 89 906 12 796 } o.1..o v e rin~ .. 63 739 1 ce. u~cc 2.ov~o u~r carc~ a. l l - eg svace us-vi~a a sio~.t su.au c.P 2 696 7 660 1 13 949 58 197 t eg u s tra r a n ~.r. 13 550 15 148 l 164 051 l'5 939 i sF cuero-c. i ~.rauar.o~. c a n ~.a. 1 336 1 560 i 20 187 23 812 sea u ucru. c ou. o..r ais ur.o~ c an~.e. 13 131 14 008  ! 128 050 136 94-sj  :. au r. 564 503 1 6 661 5 991 5 TcTAL oPen AYion 'l 50 398 56 055 ll 528 593 56 ' 880 i CE~r. Fc4 MWH - ouTPu? To uNE. .09 .10 ll .09 10 g o:LLAm. Pan Cu. Touts ( 3 9 1.56 1.'M 'l 16.40 1 17.76  ! u AINTEN ANCE  ; seo wu ra~.~ce sun.miou a r .i~rcai=.  :. 578 3 697 42 354 44 704 s uu ve . cc or sinuerunc. l 54 120 85 , ls ~ .w~rs ~ce or sr r o= coui car 51 0 243 1 14 637 6 096 ' ls un,,,c . cc or ove -o.o u r. iai 42 740 24 531  ! 336 409. 2S4 67e Ise4 uuurc~. cs or unec===ouwe uas. - - l 130 53 !sg uu re ca or u T . .rc==cu 1 8f 5 2 04 25 445 23 439 l Q ls5 uu r. or sv ur usuvi o a s s~.' surr . 2 095 . .05 l 17 07' 31 721 U ls97 wusTr N.~ct or metre. 376 995 4 461 6 974 i sg uu ,~.~ceor wise.o.r..uvion cuar 293 1 438 4 393 5 717 TOTAL w AiNTcNANC 51 45' 35 967 445 526 403 466 CENT. Pcm KWH - OuTPur To unt. 04 .07 i 07 .07 l , ooLLam. Pan Cu.Toute ( 3 ) } _$Q 1 12 1 13.82 12.62 , nTAL oisvaisuTloN EXPENSES l 101 855 92 002  ! 9 c 119 971 346  ! E CE~T. Pte MWH - ouTrur to uht. l ]g ,i j 16 ,17 . l o,u.u Pa cu.ve-ra<3 i 3 15 2 66 j! 20 22 _ 30 38 M)R MX~ ' I"StP# 1*# c"C"/.'l * STu 700 ~~ ~ il dli- ) I' ct"r # 1"# f"J"'."..* ^" s ei . 9 991 5 064 est cm u n a ..c.6 v t.. To c.,e co n o A v a u.e N u-s e a o, c v.ve-c .. ro. Pa .,oo. f 100 145 9~ 938 i I r M

OPERATIN3 EXPENSE 5 - ELECTRIC - ' " " " ** ' a o' ** a 5 [c i m. Maine Public Service Cmpany December, 1983 43 NTH FISCAL YEAR TO DATE CUSTOMER ACCOUNTS EXPENSES I THIS YEAR LAST YEAR THIS YEAR LAST YEAR

OPE R ATION m SU P E RV15 TON 3 168 2 990 40 475 38 299~

m 9 361 8 874 98 887 107 671-I METER READING EXPENSES oc3 .CU5tpVE87 R E COR DS & COLLECTION _E_XPEN5ES 34 3_98 33 273_ . 369 296 356 170-a uNCOLLECTIBLE ACCOUNTS 57 262 24 146 255 262 12 7 138-~ m MISCELLANEOUS CUSTOMER ACCOUNTS EXPENSES 8 806 7 868 81 837 78 303 TOTAL CUSTOMER ACCOUNTS EXPENSES 112 995 77 151 845 757 707 781 004^ R_5. P E R _C U ST OM_E R _* _ , . . _ _ _ . _ . . _ _ _ _ _ _3 . 4 9_ . _ _ __ _2 . 4 0_ _ _ _ _ 2_6_. 2 3_ __22_.14 _ I 907 CUSTOMER SERVICE AND INFORMATION OPERATION

             $U PE Rv t $10N                                                                                 1 279                              698                                    13 231                  17 673 8 836                          13 251                                      97 588              100 243 I

e CUSTOMER ASSISTANCE EXPEN5ES 90e INFORMATIONAL AND INSTRUCTION AL FEXPENSES 6 735 3 191 43_930_ 33 343 97 MISC. CUSTOMER 5 & 1 EXPENSES 25 - 833 406 TOTAL CUSTOMER SERVICE AND INFORMATION 16 875 17 740 155 582 151 665 _ DOL L AR 5_ PE R C UST_OME R

  • _ __ _ _ _ . _ _ _ . _ _ _ . _ . __ _ . _ _ . 5 2_ _ _. __ _ . _ _ . 5 5 __ 4.83_1 _ _ 4.74 I
                                                                   .-           _.._i                       ,.-.-                               ei.-_..,

I ADMINISTRATIVE & GENERAL EXPENSES

                                                                           -_ -            - __ _ _- 1                                              _ _ _ _

I 920 n1 en ADMINIST,R ATIVE &_ GENE R_AL_5 AL ARIES __ _ OFFICE SUPPLIES & EXPENSES ADMINISTRATIVE EXPENSES TR ANSF ERRED (CR.) _47_.213_ 13 148 _ _ 46 545_ 15 103 585 120 105 375

                                                                                                                                                                                                     . _ _ 53 L89_9_

101 805 m OUT SIDE SERVICES EMPLOYE__D 66 769 16 682 373 122 179 111 m PROPERTY IN5UmancP 2 887 1 3 007 27 007 27 590_ n$ INJURIES & DAMAGES I 10 732 10_19_0 108 E80 110_912_ vu EMPLOYEE PEN 510NS AND BENEFITS 58 t 15 L8243 562 4:4 467 779 n7 FR ANCH15E REOulREMENTS ns REGULATORY COMMISSION EX PE NSE_5 . (6 418) 128 155 310 908 876 285 no DUPLICAT E CH ARGES (CR1  ! (1 504) [1_432) (1 - 12 9) (13 112)_ I 930 9 GENER AL ADVERTistNG EXPENSES h a MISCELLANEOUS GENER AL EXPENSES ll 25 920 18 675 371 257 331_4klL _ ni RENTS l 150 150 a 1 800 1_&00_ l l - l TOTAL OPER ATION 21: 572 315 798 2 432 514 2 615 533 M AINTE N ANCE pn MAINTEN ANCE OF GENER AL PL ANT 4 258 5 704 42 558 54 318 TOTAL MAINTEN ANCE L 4 158 5 704 42 558 54 318 I

   ~~

TOTAL ADMIN. & GENE R AL EXPE NSES ll 221 830 321 502 2 475 072 2 669 851 DOLLAR S PE R CUSTOME R* jj f.85 10.001 76.'7 j P3.51

   ===:-
  • COMPUTE F15 CAL YE AR TO DATE COSTS ON AVER AGE NUYLER OF CUSTOVERS FOR PERIOD.

flNCLUDE 5 ACCOUNTS 530 2,9X 3,930.4,9'E.5,9X 8,9319

M M M M M M M M M M M M M M M M FUEL STATISTICS - ELECTRIC couraar ~4== acam or aan ~o 1

     *'"'"                                                                                                                                  Mainc_ Rub 1ic_seryI_ce_ company                      nccrmbcr,_1983             44_

[ STATION - Caribou - Steam [ STATION - Wyman Unit //4 - Steamk

                                                                                    !                    MONTH                       FISCAL YEAR TO DATE           l            MONTH                  FISCAL YEAR TO DATE l                                                                                l Tuis vtan l LAsr vrAn                          THis vran i LAsr vcAn n THis vcAn i LAsT YEAR                      THIS vEAR l LAST vEAR l

run uses.L c 4 2 cat. o.ts. : 4/9 628 1 4621 1 970q 9 681.4 6 660.6 72 120 1 62 318,_2_

                    -            .s .uc,,                                        <                                                                                3
                    -Coal iTowsi                                                                                                                                  !I                                                                     }
                    -or c.                                                       I                                                                                i                                                                      !

c-a.oi~o our ca.ce-on. l

                                       -coat 4 s ern ton D                        i                                                                               0
                                       -orHan                                    p                                                                                (

a.. .ao. ur ar,~a vat u e c...enio . u.u.o= or u i-oit l 6.26 6.26 6.26 6.26 !! 6.31 6.25 6.28 6.26

                                                                          -cas-   !                                                                                 i                                                       ~ ~!         ,

i

                                                                          -coat                                                                                     !                                                                y
                                                                          -or-c.                                                                                                                                                         !

I uu o~ eru uno-o_,L_-_ i. 29W 3 931 9 152 12 332  ; 61 120 41 645 452 799 389_821_ g

                                     -c a s                                                                                                                        d
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                                     -or ra 6TAL                                        hl                           I                                 i                V                                               I                      i con o. run usro-o.L                                                               $ 12 110                $    16 340 3        36 909        $  51 107 ! $ 298 369              $ 216 972     $2 194 64 2 '$ 2 00.6_063_
                                      -cas                                                                                                                            j
                                      -Coat                                                                                                                         j l                                                                             3

{ -o r u r_n TOTAL l l l  ! O I  ! con era u.Luou eru-o L

  • J$ 4.04 $ 4.16 $ 4.03 $ 4.14 4$ 4.88 $ Sm21 $ 4.85 5 5A
                                           -cas                                     !!                                                                              ll
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I I I , L _ ____ _ _._ _ _ ' "' - N 3 I I d - - - j Norts co ,ames navino uogt rwam ons svarion may ust monsTsonat awarTo ND Dtvf LOP rorah FIGURfs IN A STartoN COLUMN.

  • Includes only the portion of fuel l S tock Account maintained on the Company's Books.

l W W M p%.,-+, m- g p .eA -e er-w * **w- _

M.. o n s a 4 5 jl E R T A iql 2 1 1 R j!l 2 9 5 1 7 4 9 3 IM 3, 5_

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U n D T i O SA M t sT L 3 uR $ Il l I '$ l  ! $l l 8 bA l 1 omE 1 R 0 2 9 n o 0 s C._ LY A 0 9 5 r lA E Y 1 u s 3 5 e_ aC s 3 b nS i H m II T o ec tcF r S $ $ M a T

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                                                                                 $       i1              i l{p[s!!                  4    J        9    6       E     [!       !      'l    ;$ !     t   sC        d r                               3                                    3                     2                      7                              5                                   9                            N e               E          R    4                                    5                     9                      4                              2                                   9                            M S        nT                 A     1                                        .                                       8                              2                                        .

U E 4 L c ioAD 9 5 o M i t Y T S 2 4 C N l sO A o b uT L t f u b a P mR oA } !lI

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A . . 1 6 . o u E 0 5 5 t o Y 3 E v b T f i S D r H LA o a T _ N C N S

                                                                                                                                                                                                   $_ l{} ]T l

l M - O f R 0 0 2 7 8 2 S E E M A 3 6 9 7 8 0 H N E 1 8 S O Y 5 5 L I 9 a T S I 2 N A H O T I T T S !S 4h)pdpa h! i Slfh! iI fll1 ) l o D

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m m m M M M W m m m M M 1 FUEL STATISTICS - ELECTRIC co- a=7a*Mr MoaTa or

                                                                                                                                                                                                                       **i no j 0

Maine Public Service Company December, 1983 46 7 t STATION - Flo'S Inn - Internal Combustion 3 STATION - f MONTH FISCAL. YEAR TO DATE MONTH FISCAL YEAR TO DATE

                                                                                        .I THIS YEAR f LAST YEAR                               THl$ YEAR l LAST YEAR N THIS YEAR l LAST YEAR         THIS YEAR l LAST YEAR ruct use o-o.' t u cat. eats >                                                      I 6                                9'            36                     41h
                     -cassucri                                                                                                                                                 ll
                      -coa' < Toas i                                                   j                                                                                       0
                       -oTwe.                                                           t                                                                                      H

_ _ _ . _ _ _ _ i u en..o.~a ou T raic e-oit _[S__3.7 . 33 4 41.78 $_40.00 $ 40.00L i - c .s < s ec= ucr i I y ' do

  • t i s ran Ton > _ . _ , _j ___

{ i _ _ _ _ _._ lp __ ._ '

                                                                                                                                                                                 '                                              I avr.as, nr.nua vatu, . o r.. .s.o . u u .ou n T u i --o.o                      lj                                       5.88             5.88                   5.88    l                                             l
  !                                                                            - ca, h__5.88                                                                                li
                                                                               -ca.t

[ _ _ G omia j  !! I i u,u.o~ rTu usto o't i 3L 53 ! i U2 2411 l

                                 -c.. _                         .__                  __.l   .,                                           J                                     !.l.
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                                 -omen                                                 f' _                                               I TOTAL                                                l                                                 I                 f                   fI      !         !            !
    ._Ca'.s or Fury usto-o L                                                            .,$ _ _))4 _ $                               3ID $          4/g       $         1 640W
                                  -c..                       __

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                                                                     ~
,                                 -oiw'a n                                                                                                                  l                   ll      j TOTAL                                                    l                   l                         l                f                   l        l        l                              l cost ria uituo~ oTu-o                                                .             S  6.22               S              /.09:$          6,79      l$           6.80y                                                   l b
                                        -Gas
                                        -coat                                             ,

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                                                                                                                                                                                                                               ]
                                        -OTMrm TorAL                                          l                                                                  l                    n      1         1            l NOTEt Cow aN as Maws =G Mont THAN oNe sT ATION M AY USE ADDITIONAL SMEETS AND DE,EtoP TOTAt FIGURES 6N A ST ATIoN COLUMN e      ... w, .- -o       e- .m                                      we                      e---            *    ~ , -          ~~-        -m           m             m
       .~
                                                               'a**'"'"'"'
   ' SUM. MARY OF ELECTRIC PLANT -                                                                                  December. 1983                    47 i      DE,PR,E{lATION - AMORTilATION                                   Maine Public Service Ce:rpany         _

I TOTALS NET ADDITIONS I raR ELECTRIC PLANT TO DATE MONTH # ha*y g h 51 722 033 1 267 i.,_3 1 035 947 ta stavice PuRCMatto isoLot I f IN PROCESS oF R ECL AssiFICartoM Ltasto to CTwans 245 961 I Hito ,o= rurune ess CouPLtito CoNstnuctioN NOT CL AssaFIEo cessT.uctio% wo. Papsngu  ! 53 060 150 187 099~ 14 291 767 (13 428) i 107 240 (1 119) I Acouisitio=Aonsv c n 1 3 199 940 57 557 518 653 Nuclear Fuel  ! 108 635 324 1 51' 175 115 832 939 vorat etecraic reant LEss- ACCU ulatt o PeeviseoM FoR DE* PEclavsoM o'F ELECTR6C PLANvs 21 114 141 128 365 1 314 213 i~ se...c c ii-eLuo ~o naviar-s r woaa in Paoaasu n Leasto To OYwans I HELo FCm FuTunt Ust l l I -accu-uL.no p.ov, sic ,o. 4 ear.zision or c. acta.c PLaan 239 693 44 44 l i scavice Ltasto To Q?>tas f HELD Fom Furuet ust l I ACoutslTso% ADJLsTM ENTS rotat accuuutarro enovisioM FoR DEFN. & AMORr. arr etteraic etAnr l i 21 353 834 1 87 281 490 } 128 409 1 38_2 766 _ 1 314 257 14 518 682 _ I Fi A YEAR peoNrH NET CHANGE IN TOTAL ELECTRIC PLANT t 1 479 059 15 766 160 Tor 4o : ..ov eu e , neouisitio~s 16 830 432 954 I I rov.c ner,. c r neouiserio . < > ra a ~ sr aas-i c.c oir e

                                                                                                        !           (5 492)                (5 492) mesust eurs-ic.coiri I           (1 119)              (13 428) 57 557               516 653 _ _

Nuclear Fuel in Account 120,1 I h] -.__ . _ _ _ h 1 513 175 - i15 632 o3c

                                                                                                   ~

acr iv.s. ira r ioac crain7= rwcrnic7twr i; C ASH EXPENDED ON ELECTRIC CONSTRUCTION i 1 536 616 16 254 813 rotat =raove-csr arcuis rio~s and Suclear Fuel 7 0;- 145 528 par.ac c Grav.sitioas-cost or me-ovat  ! I vorat asuoc souitv Poavio~ outy h [ Il 1 5-3 660 2-.8 620 14 036 16 2 430 661 164 e41 612 317

                  -neri... v acovisiv.o~s-s.tv.ac I                               caan excruoso on ruscreic consinuction                                    l!    1 280 981 _11160j 71L__

s

WALMF MMMD MISIMORMECMN M COMP..MY. .E W W W , W TE . R t h34N , W M .. . W Pmf,, UTillTY PLANT IN SERVICE onctuDina c.ErinEu;nT woRx N PzOOnres. .

                                                                                                                                                               '  DMMR a e 83                      48, e

gs 32.si Maine Public Service Company BALANCE PROVISION FOR COSTOF CREDIT TO TRANSFERSa BALANCE PRODUCTION PLANT DEPRECIATION REMOVAL SALVAGE PLANT ADJUSTMENTS EWO OF YE AR BEGINNiNG OF YEAR syM PRODUCTION " 3n staveruau a imenove"*" 824 652 61 408 630 885 430 at2 aoaan Punt Eau'P"*"' 1 661 788 177 643 1 839 431 ,j 313 ENGINES & ENGINE DRiWIN GENER4roRS l 314 355 2 22#,E"K'"'I,." L"'" ^**'" oar 1 684_175 128 400 1 812 575 30 u .cattaasou Pows. Ptant Eau *=<av 13 179 2 684 5 15 863 TOTAL sT AM PROouCTian 4 183 794 370 135 _ 630 1 _ 4 553 299 HYDRAULtc PRODUCTION sai sv.uctua== a imaaove= san 44 826 1 560 46 386 _ 332 Rastavoans. Daws & Wartmwars 358 588 20 460 379 048 mM",a*f'l@M"d'M',"'"*' "*- 118 546 2 220 120 766 333 Mi.cauansou. Powr= Pta r Eauieus=v 1 442 120 1 562 asa Ro.o.. Rauno o. a enio... 3 855 180 4 035 j TOTAL HYDRAULIC PRODUCTION s27 257 1 24 540 l 1 l 551 797 OTHER PPODUCTION l 34 sinucruas. e iuraovs===n 450 472 16 500 466 972 342 Fust HOLoERS. PRoouCERS & ACCEstomlES 53 21/ 3 480 56 69/ - 343 PmiMa Movsm. t 315 387 49 185 1 364 572 344 owns = roa., ACCtstoRY ELECtmic EQusP. 318 955 15 030 239 63 3 400 330 409 345 Acc. Electric Equipment - 218 .. _21_8 , _ 34e , Misceaansou Powe= Ptant Eouieuwar l 59 565 1 395 60 960_ l l _ I l TOTAL OTHER PRODUCTION 2 197 59 f) ps808 239 631 3 4001 2 2/9 828 TR AMSMISSION PLANT aso 2 Rioats <* war 19 235 9 480 28 715 3s2 sr uctu==. asue ovau Rt. 9 556 360 9 916 353 stario= Eouie===r i 1 227 807 41 916 415 19 968 62 783 1 276 493 33A vowan. a rixtuna. p Rh poles & Finrunt* 1 924 795 _85 600 1 611 368 2 758 2 006 394 33e Ovi= wino Co oucro . a Devrce. 128 436 -7i 646 71 167 81 900 097 357 UNormGnouho coNoutT , 358 UNoERGRouNo CONDucrORS & DEVICF. 359 Ronos & Ten Ls i 1 l l TOTAL TRANsMIESION PLANT l1 4 009 629 l 259 002 2 097 20 503l 65 622 l l 4 221 615 l TOTAL Tule sHErT U 10 918 476 l /39 485 2 336 , 20 566l 69 052l l 11 606 539

                                                                                                                                                               ~ 

m m W m m m M M M . ANALYSIS OF ACCUMULATED PROVISION FOR DEPRECIATION OF Co=PANY MA=E veam ENo.NG P A9( No '

                                           ..Netuoiua n Tiaru NT wenn iN enoonass' UTIL{ PLANT IN SERVICE                                                                         Maine Public Service Company                  DECEMDER 31.1983           49       ,

oALAnce Provision ron cosTor CR EDIT TO TRANSFER & SALANCE SALVAGE BEGINNING OF YEAR DEPRECIATION REMOVAL PLANT ADJUSTMENTS END Or YEAR olarTirtsvTioM etaMT - - 3eo 2 aann o way 2 880 1 510 25 25 4 390 an anuctuano a imenavn=ean 15 377 1 080 lb 45/ 3:2 surio souie=sar 332 122 72 578 139 16 2 504 902 O/3 3u sto... sarv. t zoumusw i au rota.. Tows.. a riarunn. 1 896 426 216 800 52 272 72 287 106 537 2 026 704 als ovanne.o comoveron. a onvres. 1 478 061 196 110 33 314 24 630 45 061 1 620 426 3ra unoanonou== comovir 440 60 500 1 337 unoun noumo co=oucro . a oevice. 16 395 1 320 17 715 1 3a L aavaa=.ro====. 1 488 566 116 0/4 10 854 16 044 52 402 1 551 428 30 s u avice. 764 265 101 934 33 247 8 087 39 231 801 808 370 M ars a. 477 920 50 680 6 040 1 164 5 867 517 857 37ii in.nuatio=. on cuerousa. ensui.e. l an2 Agen LaGHviNo 146 065 23 101 5 135 ( 6 5) 14 823l 149 345 an La . o rno.. rv o= co. roman. reewissa 62 976 - - 369 22 556' 40 789 373 sinier Liennae a sionat sun =* 208 009 20 500 2 491 2 744 10 736 218 026

i. I l

Torat ossimiwuriou rtany

                                                    }l         / 189 502            801 949           143 492   12 5 '101 l   299 74z1                       7 8/3 518            l j e==nat re awr -

I

    ' sag t, [ se ucrune. a i=*=ovs==Nr*                          309 506             19 682                 -

600 328 588 foi jorrica runnerunn a souiramar 16/ 11.5 37 613 - 510 2 188 203 050 g92 in==.rontanon uovm=== l 279 141 36 908 - 1/ 859 59 234 2/4 674 393 stone. roumus = 22 041 2 760 25 401 aos root..sno.a ona..asou."=sar 31 465 4 190 - 81 J63 35 31J ses La.o..roav coumusm 36 422 4 258 40 680

  ~

3ea ro..n o ...no r.uma nar 528 142 73 311 - - 845 601 208 3s7 co==va.cario= saviruse , 4 ' 89 1 502 5 591 Es us.cauannoue rcurasar l 11' 823 1 020 330 119 513 313 orMan TANGI.LE PRoPERrv i rormt sananas rumi 1 491 950 ' I8; 244 - 18 450 63 560 1 634 084 I l voras vuis eursv 8 881 452 989 193 143 492 14 3 151 363 J021 9 507 602 voras pauvsous suss? 10 918 476 719 485 2 336 20 566 69652[ l1 006 539 9 vova' l 19 199 928 _ 1 728 6/8 145 828 l 164 31/ 432 9 54 l 21 114 141 l

                                                           'c"*^a'~^=5                                                              ~ ~ ' a a'                          ea"t ao
   ,I       TRtC PLANT ACCOUNTS 4 63 s r> > $                                                  Maine Public Service Ca pany                                        December, 1983                         50
    .          - - - ~ ~ . ~ - = -                                            - _ _              = - - - - - - -             -

TOTALS  ! CH ANGES FISCAL Y EAR TO DATC_ _ _ TO DATE l ADDITIONb R ET IR EM ENTS ADJ ST M TS CR ) INTANGIBLE PLANT ' l O=oAsa. tom 28 342 I ra.~cwists a co~st~Ts _ 438 l _ MiscrLt.~ ous INT.~c.ste PLa T 239 397 I I TOTAL INTANGIBLE PLANY 268 177 ll g

      -I              PRODUCTION PLANT STE AM PRODUCTION I

35 t,~o e t ~o R. NTs  ! 30 543____ _ sTRuctuacs a i=*aovt tat

  • __1 1 834 307 '

37 968 630 3 soito PL.NT Coui, cNT  ! ,= 313 019

                                                                        ~ ~ -

i

                                                                                                        -10 331         - - - - ~ ~                   ' - ~ ~ ~~~

m E 0,~cs a ENome emvcN orNea.To.s l i a Tu=soor~ra To. u~ irs 2 884 937 J g i.ccassonT Etect..c EouiP- ~r 738 500 1 30 MiscrLLa~tous Powsn PL ANT EcuePMENT 63 949  ! 2 750 TOTAL. STEAM PRODUCTION I 10 865 255 l 51 049 630 i NUCLEAR PRODUCTION LAND a LANo RioNTs StaucTt;REs a IMPROVEMENTS f j 2 REAcTom P6 ANT EQulPMENT l l 323 TunsocENERAfoR U~lTs l l - Accesson, ELrcinic Eau PucNT l l W5 Misc tLLa~aous Powt m PL ANT EQutPMTNT f j f I f TOTAL NUCLE AR PRODUCT 80N I g vtDR AuvC PRODuCnOM j l 33o LA~o a t.~o Rio T. l 92 349 i -- ~ ~ i SraucTLars a - nove s~TS  : 113 h40_.n- - - - - . n -. . _ _ _ < REstavoins C. we a WATE Rw a'* w.T. . w.. .ts. Tu.. ,~ r s a o s ~ ..T o.s 14lL9%_1.  ! 126__1_63 334 Accessonv ELactnic EouiputNT i , i M esc E L( ANEous Powr.n PLa~T Ecu'PMENT h 7{ ~ 3 no os. Ra: Lao.os a sa.or* 9 _1_83 i t t YOTAL HYDR AULIC PRODUCTION I 1 889 292 k I g O_tnER PRODUCTION j j 340 LAND a LAND RiaNTs l . 341 StnucTunts a IMPeowtMENTs li 465_222 0 _. I Fun HOLLERS. PRC,DucERS a accel. ORTS I _jg_Qlg 3 eai-r Mostas h 1 354 384 ' 344 cr~c.. Tons ii 32_9 994 3 400 Accesso., ELict.,c Eau. -i~T , , t58 ll 7 258 MtscrLLawtou Pows m PLa%T E r.wPwtNT ho 688 ll l t TOTAL OTHER PRODUCTION D 2 273 565 i 7 258 3 400

      'I               TOTAL PRODUCTION PLANT TOTAL THis SM_EET _               . !!

h 15 028 112 13_296_289_jL_ 58 307 SfL307 l 1 4 030 4 030 I  ! 1 I

 \

rg ELECRIC PLANT ACCOUNTS c ow ^" **w e wc~Ta or or ~o l

        '*"5" Maine Public Service Company                   December, 1983             51         l
 !                                                        !        TOTALS                   CH ANGES FISC AL YEAR TO D ATE                      i i
                                                          !        To cats          acomoNs        I acnntutN1s    1,om,;ag t

gia,, c l t TRANSMISSION PLANT aso t.so a t.so n.c.,,5 730 491 I 332 ass as4 s, uctuots sT.7,o.,com. . T vo.t. iw..ovtwi,Ts a ric o.es i i 26 036 3 310 381 12 906 62 783 RU Pou s a Finunts i 3 537 356 8 322 2 758 336 ,0vtant.o CoNewcro=s & Otvects i 2 035 019 376 81 357 h uwete swou%D CcNovir 358 UN:E nsmouso CosoucTons a Ctvicts l I 359 Ro.os & Tn.tus 11  ! I Toral TRaN5MI?stON PtaNT 11 9 639 283 1 21 604 1 65 622 1 3,,, oisTRisuTION PLANT 3so 2 t.so a t.~o n,swT5 84 635 682 25 asi sT.ucTu.cs a iu..o, two~Ts 1 44 143 i 3sa s . Ties com~tst i 2 700 287  ! 51 460 2 504 363 f stop.GE B.YTERv EGuiawtst l  ! as4leoas To.r.s a raTu t. t 6 598 694 1 474 055 l 106 537 (3 556) 3es ovt -c.o Cosoucto.s a etvicts ji 5 914 521  ! 314 190 45 061 (232) 3ee u~=tasao so CcsouT  ! 1 326 l

                                                                                                                            -~

367 U%otnonov%c casoucto=s a arv,CEs l -~49 925 I (1 f64) ase tist Ta.s, on-cas b 3 372 972 l 161 056 52 402 369 stavects 2 455 268 l 133 990 39 231 ___ ] 37o lmsicas h 1 230 587 ) 59 068 5 867 1 i r , 3 71i l l%st ut.Tioss oN CasTowE ns' Perwists 1; - r, an2 Pata Liowria. U 287 445 l 11 276 . 14_8.23 372 hLt.sto PnoptRYv oN C sTowEns PREw.stsii 41 143 J 22 556 373 ! statti Lis. Tiss a 5 3N.c SysTtus h 723 548 i 19 749 10 736 _ _ _ _ _ _j [ i I; i  : i  ! l Total DISTRIBUTION PLANr l- 23 504 494 t 1 225 526 1 299 742 I (5 492) i GENERAL PLANT l j l n '2 c.so a t.~o a. T. i 23 230 i M8'is'aat'ar**'waostuc~Ts r i; 977 995 11 798 i 600 l , l39i i o,rict r .s,T..c a c ou,,w o~r i' 416 392 8 971 1 2 188  ! l392 T..~ s,e.T.7,os to m.wi ~T p 415 366 t 82 154 i 59 234 l 6393 stoats tos, wtst I! 51 216 [ i ja9a Ivoets. s-o. a c a.st tous wt~r 0 121 007 l 12 651 1 363 [395 }L. son.To== toa.ussT U 154 601 i 16 383 l

      !T9a i po.ca caracto ccw-i~T                     F           7S8 455           36 576       i           845                              ;

j397 i Cow wohec.Tsch Eco owtNT r. 143 936 ' 423 i

                                                                                                       ,           ,                           i 398 l MisetLL.ht ous cr.,mewt%7                i           189 769     I                  i           330  l                           i
    ,   399 l ot-E n T.sme.t fro.EnTv                  f                       I                  l                l i

l r t 1 t  ; '

                                                       !.                                                          4
                                                                                                                                 ~~~~

I h i i  ; 1

                                                                             -.f                                   1 1

I l I , i l' h I f j, k i i vormtorNonatetaNr li 3 281 967 k 168 956 i 63 560 6

                                                                                                                                    -          i i          vorat inis surer             ;    36 425 744         t 1 416 086        i    428 924     j      (5 492) h 15 296 289-~i                           T
                                                              - ~-

i torno Parvious suser 55~307 4 030 T--- - l j i vovat rocc. et4Nr accouNr. [ 51 722 033 _ . _ = - - _ __ - - - -

                                                                               ) 1 474 393       J     432 954     i J-_.    (5 492)            m l

i

                                                                                                                                                                                                                                                    ~

i E VE E A m eTi m r W isiT M e -- - - - - . - - . - Maine Public Servica Company December 198_3 52. I t_i?.' '* E STIM ATC3 ST "E AMOUNT OF HAR S HAR* S T AL HAM S p NuM;rn DESCRIPTION PEQUISITION AUT C ZED THIS MONTH FISCAL YE AR TO D ATE TO DATE BALANCE

                                                                                                                                                               ,                                                                                          p' l

OF YEAR Electric Plant in Servict . 101 - Dectmber 31 1982 l 50 686 086  ; Plant lleld for Future tise - 105 } 245 961  : Recla.r.ified Contribution ~ .n aid of Constructior - FPC 490 (5 492)

                                                                                           ~

(5 492) (5 492) i Acquisition Adjuritment - 114 (1 119) (13 428) 10/ 240  ; t

                                    ~                              ~

1983 to Operating Property _.82800_ Seabrook _ __ Improvement - Education Requ Center i?.it andion Closed Enviro.Since Facil..ianuary 1, <AI 822 12409 Little Mountain Road Rebuild 5 250 _ A (3 327) (3 327) 12/82-8/ 83 12410 (;rendell Road Rebuild 6 450 A (1 346) (1 346) 12/82-8/83 12411 Tarfy & Martin Roada Rebuild. 23 600 . 457 15 600 7/83 j 4 404 A 658 658 11/82-5/83 g l2507 Gartield Road Rebuild l L12508 Route 11_gebuild ny_c r Brook 9_600 lA l (658) (658) 12/82-5/ 83 Limentone Dist. I mp r oy. w n ty 39 800 '< A 2 066 j 41 000 41 000 12/82-12/83 Li 3400 5 905 12/82-8/ 83 13500 A sh l a nd D i s t,_ Imp i nv_e _mnn t_p 19_800 A  ! 5 905 _22308_._Ejig l e_ Lake Wa a t e Wa t e r Trea tment 20 000 10__Q00 15 981 23 189 110/83 2 24_09,__Scho.ol & Web c.te r S t r e e t s & Long_Ed .. 8 850 8 191 8 545 4/83 i 2 24_ L O liigg_ ins Road D is t_,_Rebgild 5 420 3 934 4 308 4/83 f22411 _No Perley_ Brook Road Rebuild 10 700_, 10 161 ! 10 960 7/83 6 350 A 177 17/ 12/82-5/83

!22502 E Plant at ion Reboild 13 350                                                                           6 314              16 506 4/83 l _2 2 505__S_terling_                       Ridge Road Rebuild Roote        I   t  liighy_ty_  Rehu i ld                                                      23 300                                                                          30 591.              32 157 8/83

[22507 12 751 13 717 :5/83

 ,23400 P_ortabli_ Relay _Ter.t set                                                                                  13 300                     12 000 10 224
,21600 _Remodel_pold_ Storage _11uilding                                                                             12 000                                         <               19               10 063                          12/83 fotal_Jarryov,rs                                                                            '

22 000 2 085 i 140 854 ~178 43f 0[10U ' heter y_&_l ng a l..la t i o n_ 5_0 000 1 622 59 068 ! 59 068 12/83 l

,_3.02_00            IJ n e_T ran s f o r me r_ & Devices                                                                           !         168 400_y                        5 252               161 056 i            161 056 l12/83                           i
  ._30100_ _S e rv.t ce_ ._                                                                                                         i         115_0_00               <        11 855 i             133 990              133 990 l12/83                           6 21 688               21 688     12/83 30400 Street Ligh t i ng_&_S i gna l _Sy;Lt eme.                                                                               i             20 000             =         1 305 1                                                                           t i

i L  ! [ I

               )

I r 4

     -r=_.        .. _ . _ . . ~                          . . . -           ame-.._________..              , _ _ _ _ _ . . . .         . _ _ _ _ _ _ . _                 _

m m m m m

                                                                                                                                                                             ~ '

IMPROVEMENT AND RETIREMENT REQUISITIONS couraar aaws =om or raosaoj

 #""'                                                                                                                                                                              5 '. !

Maine Public_.s_eavinc_ Company necomhor 1983 I [ EsT4M ATED NUMIER DESCRIPTION AMOUNT OF AUTHOR ZED

                                                                                                                 "^"                   "                 ^" "^"

REQUISITION THIS MONTH FISCAL YE AR TO DATE TO DATE BALANCE p ! i l OF YE AR I [30_500! M inor Add. & Bet t er . Tran.mtssions 12 000'* 977 8 698 8 698 12/83 i 30600] Minor Add. & Better. Transmissions Sub 3 000 * - 1 018 1 018 12/83 j 30700! Minor Add. & Better . DistTihotions 310 000 + 53 648 391 766 391 766 12/83 Substations 5 000

  • 115 5 430 5 430 12/83 i 30800fMinorAdd.&Better. 8 l'31 30900 Minor Add. & Better. J. C. Poles 50 000
  • 63 258 63 258 12/83 l 31000 General Land & Structurer. 1 000 * -

752 752 12/83 ' L31100 Generating _Statiojls 1 000 * - 3 308 3 308 12/83 , L_31200 0ffice Equ_ipment _ 12 800 < 1 660 8 971 8 971 12/83 L31300 Stores shop _, Lab & Wock Equipment 20 400

  • 386 15 317 15 317 12/83 L3_1400L Communtcation Equ_ipment - * -

423 423 12/83 l [ 31500 - * - ! - - l h _ _ [gther Minor Improv(ments  ! y ._  ! l Total Blanket: 768 600 84 951 l 8/4 743 ! 874 743  ! I

         }                          __ _

l 12000[Tr.utspo r r a t. ion Equ i pmen t_ . 66 100_ 66_100 *

                                                                                                                              !          82 1:'4            82 154    12/83               i e 32100LPowe_: ope r:at ed Equipment                                               78 000       78 000l=                       l          36 576             36 576    12/83               !

, 12 LOO! D.ir.t r_ibu t lon Li ne _ Lx t en . r on . _ . 50 000l* i i ,. 17iO,;Ri bardson Rd Ext C.ptleIlill__j 37 l50 [* i 29 786 3 069 29 786 3 069 12/83 12/83 i C 302, d t e r i tng_R icha rd'. Li ne Eate rsion 1 3 800 i L.010l(Joner. Extension Ramr v Rd , - Ft. Kent 6 600!  !*  ! 5 368 5 368 12/83 h2304G_uy.NortonExtension t 5 800I i, I 6 241 6 241 9/83  ! l _C 505 1 young Lake Rd. Ext. We-titeld *I  ! 27 668 27 668 12/83 i 15 500] 5 490 L 17j0M MacDonald Rd. Ext. Lit t is ton 6 450 *  ! 5 490 12/83  ! Q2(08Packrd_ 1 Road P.ridgruat er 6 IO0i le  ! 4 215 4 215 12/83  ! L I?_(09;(D i. ker Line Extensinn We_cfield 5 400j i, 2 508 i 5 602 5 602 12/83  ! LC400[DintributionRebuild 4 120 00_0!- I  ! l 42404; Rte It>5 Rebuil<l - Fort Fairfield _4 3_250; le  ! 2 556 2 556 9/83 i Lj 2408[ito.it e 228 Wa.hbutn, Wade Perham itebuild: 16 000L. * (5 024) i 13 536 1 13 536 12/83 i gl2410} Route i Mars 11111 Rebuild

  • 5 100;
  • 1 630 ! 4_5_27 4 527 12/83 12.500Lil ighway._ Rebuild s_. 1 50_000 e

,_3 2 5_Ol j U . S . Route 1 Rebuild. 2L500j =1 ' 24 372 24 37_2 12/83 l_3250 E R icha r d .s a aJ1dmil inhwa y_ Reb uild 20_645i " (9 971)i 19 186 19 1_86 12/83 l h2504 lLS. _ Route _#_LCau bou_lligtiwavJ1chuild 18_600 I*  ! 14 797 14 797 .J_2]J8) I l_.32306 J yndan._St_ rect _Rebutid_n_ Caribou e 400.f

  • Ll 4_04j 1 4_1_38 4_138 12/83 3 2 5_0.7 Cent er A rch & Brookv a cw S t-Ft . Fairfid.

9 2001

  • 2 246 8 700 8 700 12/83 i 32600LS_t r e e t_L i gh t s 15 000
  • I I I

32.602 Madawaska Street Lightn 5 600 - l 4 642 4 642 8/83  ! h2603..SinclairStreetLights 6 600T w -- 4 695 4 6J_5 _L2/83 ! 328.00: Wm Fm W _yman #4 i 100 000

  • 1 426 39 286 39 286 12/83 b32900bReplactStation_3attcry,____ ____ _

_ __2_1 20,0 [ ._ 23 500 - l 19 14_6 I 19 146 10/83  !

IMPROVEMENT AND RETIREMENT REQUISITIONS cour=v ax aom or ca == c mo 'a _ Maine Punlic Service Company December, 1983 54 .; AMOUNT OF " TWE Nuunt R DESCRIPTION ^" CHAZGE3 CHARGES T2TA1. CH ARGE] CMT ( REcuistTION THis MONTH FISCAL YEAR TODATE TO DATE BALANCE O , TH SY 33200_ Replacement _ Burner tor _Ileating Boiler 1 s00 3 500 - 3 104 3 104 3/83 33400 _ L i mnt ont_Sub s t a t i mLConve r don 30 7Q0 32 903 y 184 32 006 32 006 12/81 34200_ Carihou_C_it cuit_Rea lep5_s 15 400 15 400 - 15 002 15 002_ 10/83 34401 Grated _patwalk - Caribou _ Steam 4 100 - 5 351 5 351 9/83 Total Specifics 554 400 _ (8 405) 421 213 421 213 Total Closed 1 345 000 78 631 1 436 810 1 474 393 __ } __. iConstruction Work in Progress (8j8_Ud eabrook Units 1& 2 Const:uCtion 88 718 600 15 924 600 AI 1 377 885 14 155 019 52 804 542 L-_J 12900 Supervisory Control Replacement - Flo' s Mullen A - (509) - 2_.'400 Distribution Rebuilds 50 000 [22602[ , P r e_.q_qu e Isle Bike Path Exr. WD L22800 Ditfernetial Relay - Caribou llydro 17 200 16 500 , 1 788 2 304 23100 Line 3414 Improvement -PI. to Mapleton 420 000 269 000 I 1 817 95 369 175 008 32100 Power Operated Equi.pment

!3210/          Mei.ter Extension Caroon Rd. - Littleton                                                               -

416 416 hl2310_ Young Lake Rd. Ext. I_

                                                                                                                           \

I3240L US. Route LA Rebuild - Easton 17 900 6 468 7 438 7 438 I 32402 Route 10 Rebuild - Presque I s le- Ea s t ori 922 1 996 1 93_6 32403 Lathrop Road Presque Isle 5 400 351 581 581  ! 32405 Back Settlement Road + Gr. Isle 10 600 640 1 ; 640 32406 , Birch _ Point Road Madawa<ka 614 867 867 [12407_ West Chapman Rd. - Mapleton 425 1_820 1 82.0 132409 Green Ridge Rd. - Ft. Fairfield 25 200 36 1 13.5 1 13 5 . k.d7+ 11 West Limestone Road Renuil-1 4 25 ~ 33 0 390 32412 l Egypt Rd. - Westfield_ 10 100 4 572 8J53 8_2 13 32413[NewCanadaDist. Rebuild 12 300 79) 2 442 2 442 Q2535 N5 rWRU - Li t t le tdrI 8 750 - 4 289 4 289 I USUL Bike PattiLtg. Extension ' 61' 617 '1 I f3$000 Caribou Dam Improvement 40 000 L2)_! - - O11.90_Ca_rgiou_SteamWagte__Wateg_fjonn. _ _ __ _ _ __ _2 000 295 l 3 ,J_L2 3 712 ._ m M g gp M- M- - - MM y ggK - ,

                                                                                                                                                                       'T E            E          E                     M                          M                  M                 m                 g                    Q-'       7 uaraar am                                       -oam or                ca. ao.

IMPROVEMENT AND RETIREMENT REQUISITIONS o c"* 'a Maine Public Service Company December. 1983 95 ESTIM ATED CHARGES TOTAL CHARGES COST "E AMOUNT OF CHARGES NUMZER DESCRIPTION REQUISITION AUTHOR ZED THIS MONTH FISCAL YEAR TO DATE TO DATE BALANCE p THIS YEAR OF YEAR O M P. 3 3100__Lo_ad__.Shedd ma Relays 14_800 14 800 675 6 945 6 945 33500.__Washhnrn Sttbs1.allion 12 000 - 39 39 _3340_0_ 'les1.__C.arlbou Subs t a t inn _Lo t 5 000 73 1 693 1 693 _3.3J 00 _Lo a dla nagem_e.ntJna l y s is 10 500 220 1 718 1 718 33800 _ Echo _ Lake-Ci t ap n_an Roadleeder 7 275 7 500 70 5 113 5 113 33900 _G r a nd__Ls l e 19.9 KV Conversion 19 550 20 000 191 8 076 8 076 _34_000__ Caribou 12 KV River Crossina 24 600 18 600 4 230 16 166 16 166 ._ 34_1_00_._Sjiyway__Feede r Ex tens i on 14 500 5 000 604 1 403 1 403

,34300_ North P.I. Substation improvement 1                                                                 8 200              10 000              28             1 J87             1 787 34400        Miscellaneous Unforeseen                                            40 000
 ._              Prole _ cts Carried Over into 1984                       16 445 500           1 400 428          14 329 350       53 060 150 h                                                                       22 000          2 085            140 854          178 437 closed 1983_Carrvovers Closed 1983 Blankets                                              768 600          84 951            874 743          874 743 Closed 1183 Sp.e_cifics                                            554 400         (8 405)_

421 213 421 213 Total Protects Close_d - 1983 1 345 000 78 631 1 436 810 1 474 393 Construction Work in Progr_ess - 1984 16 445 5001 1 400 428 14 329 350 53 060 150 o Total Improvement Requisitions - 1983 17 790 500 1 479 059 15 766 160 54 534 543 I Nuclear Fuel _in Process 1 053 000 I 57 557 518 653 3 499 940 [82900 Total IR's and Nuclear Fuel 18 843 500 1 536 616 16 284 813 58 034 483

  • Closed Current Month

( A)_. Indicates prior closings have been mat e against thin improv ement recuisitton. (I)_ indicates an AFUDC rate of 12.577,as < >f Jan. 1,_ 1983. t i i

4

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            )

E E M 4 3 4 56 3 4 56 4 _ 2 2 2 2 4 U 2 2 2 22 22 33 2_2 3_3 3 N 14 u . I <

_, - q, IMPROVEMENT AND RETIREMENT REQUISITIONS Company urue moNyn op p,og

  ***                                                                            Maine Public Service Company                            December. 1983          57 Credit                    TOTALS TO DATE                                         CREDIT TO PLANT DESCRIPTION                                                                       l                                             -

NUMBER To PlanL u riscei v.er yg Net Cost of Removet Selvage This Month O he To Date Hetirements Clourd Since Jan 1 1983 530100 1cters & Sinstallation 10 /43 6 040 (1 164) 814 5 867 5 867 X30200 Line Transformers & Device <. 4/ 212 10 854 (16 044) 968 52 402 52 402 X30.100 Services 64 391 33 247 (8 087) 2 634 39 231 39 231 (30400 Street Lichtint & Sicnal System 21 168 7 434 (1 511) 1 470 22 245 22 245

30500 Mino Add, & Better, Tranumission 2 433 1 0/9 (535) -

1 889 1 889 X30600 Minor Add. & Better Substations A30700 Minor Add. & Better= Distribution 93 448 56 645 (27 197) 2 620 64 000 64 000 X30800 Minor Add. & Better. Dist. Sub, 183 (71) (25) 25 2/9 2/9 00900 Minor Add. & Better J.0 Poles (4 198) 4 812 (40 500) 1 525 31 490 31 490 A31000 General Land & Structures 600 - - - 600 600 ill100 Gene ra t i nst_S_t a t io ns A31200 office Eauinment 1 678 - (510) 708 2 188 2 188 431100 Stores. Shop Lab. & Work Equipment 612 - (81) - 693 693 U 1400 Communication Equipment

   ,11500 other Minor Improvements                                 22 187                         -

(369) 1 876 22 556 22 556 s//900 Eagle Lake Line A 8 'l - (109) 192 192 503701 Loring A.F B Sub. A 120 120 - - - -

  %12409 Litt le Mount ain Rd            Madawaska        1 800  A     (660)                 (218j        (2 507)                                 2 065       2 065 X12410 Orendell Road Maplet in                             600 A   1 024                     104           (520)                -                1 240      1 240 l2411 Tar dy & Martin Roads Rebuild                 4 500       4 556                  1 607         (1 086)                 -               4 035      4 035 s: 1 000 sequenttal Events R e, -rder - Caribou         1 150      1 150                        -               -               -

1 150 1 150 {l1400 IJmestone Dist, Improvements 1 500 A (920) 2 045 (5 944) 759 2 979 2 9/9 W 500 Ashland Distribution Improvements 2 000 A 3 469 1 801 (661) - 2 329 2 329 k2240t Rte, 161 Dintributinn Rehuild 1 500 A 40 306 (388) 122 122 s2240' Pioneer Ave. ~ Cariboo 525 A 1 171 629 - - 542 54 2 (22409 School & Webster Streets & Lonc Rd 600 2 195 1 307 (696) - 1 584 1 584 X22410 lii ngin s Rd, Dist. Rebuild

  • 650 (177) 42 (1 672) 1 453 1 453 122411 No. Perley Bro *k Rd. Di st . Rebuild 1 650 1 939 589 (378) - 1 728 1 728 422502 E. Plantation Rebuild 1 400 A ?R 28 - - - -

x22503 Route 11 Rebuild - Squa Pan Stream 5 300 A 210 244 (618) - 584 584 (22505 Sterling Ridge Road - Masardis 1 500 A 6 476 1 051 (649) - 6 074 6 074

  ,x22507   Rte. 11 Ilighway Rebuild                      3 900  A   9 794                  7 062          (2 701)                  -

5 433 5 433 X23100 Line 34l4 Improvement-P.I. to Mapleton44 600 1 553 603 - - 950 950 (32000 Transportation Equipment 41 311 41 375 - (17 859) 59 234 .59 234 v32100 Power Operated Equipment 27 195 845 - - - 845 845

MRgEgNgTigENgQglOg g PAN g E g OF Pg WM Mai.nc Punlic Servic3 C rzpiny D cembar. 1983 58, Credit T5TALS TO DATE CREDIT T3 PLANT NUMBER DESCRIPTION To Plant ,,,,,y,,, NM Colt of Rermet selvage ms wri af . To Date XR To Date A 'n 2 ~101 Richardson Rd, F.xtension - - - - - - x 32104 Guy Norton So Wade Rd, Washburn - - . - - -

.< t 74 04 Route 165           Fort Faieticld                          '50        1 2_5_;                197           (121)             450              1 179            1 179 Xi?408 Route 278 Rebuild                  Washburn-Wade-Perham 4 00        ,      2 125                  315'     (1 358)              3 108              3 108            3 108 132410 Rou* e 1 Rebuild               Mar - 11 i 1 1                    600           189                258           (441)                  -

3/2 372 X37501 U iJbm t e 1 Rebuild P1 7 600 5 .:23 1 722 (3 699) - 7 200 7 200 d;'.1Q_t n i hard son Rd _ Hwy . Easton 4 000 3 262 116 (2 644) 1 434 5 190 5 190 LQ304 t- S_ stl Caribou livv . . Reb u ild J 600 1 061 1 812 (877) - 6 132 6 132 332505 Nor th Rd. - Lit ties . n 2 100 460 134 (282) - 608 608 x$2506 1,yndon $tteet Rebuild Caribou 1 150 1 194 933 (765) 316 1 026 1 026

  ,4250'    Center Arch Brook View St. =- Ft. Fairiield 900                        1 344               1 008            (539)             123                875              815
.{32602 Madawask a Str eet Lichts                                 2 898            2 338                  192     (1 168)                     -

3 314 3 314 134000 Caribou 12 KV River Crossing 50p (394) 15 (469) - - - X 3.'9 00 Replate station Battery 5 500 5 961 534 (73) - 5 500 5 500 Ai5200 Cartho* Plant lleatinP Boiler Br. Replacement 330 630 630 670 331400 Limestone Switching Station (63) - (63) - - .

 .{33800 teno ..a ke , Chapm in Road Feeder                               75          111                 102            (49)                                 58               58
 .{ h200    Cartbru Circuit Reculators tiod i f i c a t ion 2 250                  2 460                  210               -                  -

2 250 2 250 134501 Sale ot' lloulton Water Transformer 59 533 39 575 - (19 958) 59 533 59 533 Total Retirement Work in Procress 414 465 145 828 (104 'll ? ) l 18 810 432 954 - 432 954 Total Closed to Date 414 465 145 828 (164 311) l 18 830 ~ 432 954 432 954 Total Retirement Requisition - 1983 - - 1 511 1/5 15 832 939 _ 108 6l$ 5 324 Total Electric Plant - _ _ _ D

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MAINE PUBLIC SERVICE COMPANY Page 60 BONDABLE ADDITIONS AND BONDS ISSUABLE I.- AS OF DECEMBER 31, 19 83 (Pursuant to Indenture of Mortgage dated as of October 1. 1945) I Minimum Public Utility Property Provision Net for Bondable Additions Additions Retirements

  • Depreciation Calendar Year 1945 - 1982 95 031 074 9 295 399* 20 635 769 For Current Period g (See Detail on Page 61 ) 15 675 035 369 880 _1 231 877 E!

ITotal 110 706 109 9 665 279 21 867 646 cAmount of retirements less proceeds of sale of Public Utility Property 8 Dsposited with or released by Trustees. (See Section 1.10 (F) of Indenture) Public Utility Property Additions, as above 110 706 109 D; duct - Portion of above additions excluded pursuant to f, Section 1.10 (D) of Indenture (Original Construction Fund) 250 000 Balence " Property Additions" 110 456 109 D duct - Minimum Provision for Depreciation $ 21 867 411 or Net Retirement s S 9 665 279 as above, whichever is greater 21 867 646 B21cnce - Available Additions 88 588 463 Deduct - Available Additions heretofore utilized under the Indenture: ji Certificates of Available Additions No. 1 to 33 , inclusive filed 7-3-47 to 1-15-83 51 845 260 t t I_ Balcnce - Bondable Additions per Indenture at December 31, 1983 36 743 203 BONDS ISSUABLE I Principal cmount issuable at December 31, 1983 l 607. of Availabic Bondable Additions, as above (607. of $ 36 743 203) 22 045 922 1

   %djusted in December 1983 to reflect understatement of 1982 Retirements.                                    .

i

r. MAINE PUBLIC SERVICE COMPANY Pcg2 61 RECONCILIATION OF PUBLIC ITTILITY PROPERTY ADDITIONS AND RETIREMENTS, PER INDEhTURE WITH ITIILITY PLANT ADDITIONS AND RETIRDiEhTS, PER BOOKS 7 FOR THE PERIOD JANUARY 1, 19b.) TO DECDiBER 31, 1983 lI I ,, Owned at December 31, RETIREMENTS Acquired After December 31, Additions 1944 1944 Retirements Utility Plant, per Books 16 284 813 11 010 421 944 432 954 Deduct Excluded Property: I Office Equipment Req.31200 Req. 8 971 2 188 2 188 Transportation Equipment Req.32000 82 154 59 234 59 234 I Other Excluded Property Req. 82900 (Nuclear Fuel) 518 653_ Req. Total Excluded Property 609 778 61 422 61 422 Balance Public Utility Property 15 675 035 11 010 360 522 371 532_

  • Undistributed Cost of Purchased Properties.

COMPUTATION OF NET RETIREMENTS, PER INDENTURE Retireraent of Public Utility Property acquired af ter December 31, 1944, as above 360 522 Add - 857, of Retirements of Public Utility Property owned at De cembe r 31, 1944, as above $ 11,010 9_35_9 Total Amount of Retirements 369 831 Less - Proceeds of Sale of ~ any above retirements deposited with or released by Trustee, if any (Specify) 1 Balance - Net Retirements per Indenture , 369 _880 COMPUTATION OF MINIMUM PROVISION FOR DEPRECIATION Provision for Calendar Year Base annual amount 85 000 Plus 2 1/27. of net Depreciable Public Utility Additions from January 1,1945 to December 31, 1 146 877 (2 1/27. of $45,865,670) Total - Provision for year 1 231_877 Provision for current period January 1,1983 to Decembcr 31, 1983 12/12 of Provision for year (12/12 of $ 1,231,877) 1 221 877

co w a;"t =ow" o' me as P ROLLDATA - ELECTRIC December, 1983 62

             '                                                 M:in2 Public Service Company

= , ELECTRIC DEPARTMENT LAST YE AR TP iTEAR LAST YEAR g l THis YEAR l E "' " Powt] PRoouCTioN 40 558 45 985 480 474 492 985

       ~suissio~ a cist ..uvio=                                             i           45 680       44 930                   500 618       460 591       r I           40 463       36 319                   423 356       395 462       l romu Accov=vn AommonAr.vc a ot~c=&L                                                                  63 218        59 421                  734 738       743 794 11 577        9 146                  116 819       103 051 stomer Service _and Information TOTAL OPER ATION                                     201 496      195 801         1 2 256 005          2 195 883 w AmuN ANGL 36 666        7 786        i         168 417       122 675       g
.Ia_ta              Paoouction vaxxrmou a oista. vvio=                                                                23 486      35 015         1         330 213       316 049 1 630        2 053 4                 10 752        15 382       an gumexAm r a oc~enAt                                                                                                                                     l l                                      l 5                                                                          i                                      !

TOTAL MAWTENANCs i 61 782 44 854 1 509 382 454 106 ( TOTAL ELECTalc DEPARTMENT j 263 278 240 655  ! 2 765 387 2 649 989 i I

                                                                                                                    )

u: c.cusi.e. so..m. a co~rn.cr wenn f Bm~a';"'"n ~ 898 4 211  ! 36 139 45 605 13 603 11 619 l 126 136 101 297 Favroll tilled to (from) Affil. Co. - Net 4 989 6 968  ! 85 892 87 120 , tirement 28 961 26 939 357 184 326 530 vring Accounts i  !

                                                                                                                      ! 3 728 517        3 533 530        {

tot AL P AT Rott i 334 763 318 090 v vr E INctucto iN total PAYROLL Aeove i 4T 829 14 17 9 1 132 023 96 246 l gr?L E uiWALENr $7mAIGHr Tipt Houns f l l v'L CYER7iME Haunt thCLuDto GN Asovt LINT f _ l FRING i ENEFITS: # NINP3 0ouctivt Tipt INcLucro IN TOTAL PATPoLL ll) i cwn (z> TOTAL FRINGE BENEFITS  ! _ nuumER or E=PLovEEs m Temp. Perm. Tefd_p . Fe m. 19 19  ! j acumas Ano cier. Hraos _ j 1 12 1 13 E a c . .- Accou~ri o llacLues sill >= i

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g one;rart. i 4 3 LE wncmer Services & Information I 42 1 43 r:vmr. ii c6uer cAs iens. Erca 1 i 22 24 , ano _- uction 6 . Erstem Enerev OogIgi.jtns  ! 6 -

                                                                                  +

13 14 . fncin~ering 3 P'1anning Department 21 l Tr am o o,.v. onctuos c'a'a ) 20 are n e v li 6 6 l fl s 5 5 tn Processing TOTAL EuPLoTEEs i 161 2 165 46 g 50 va6 Pa~..o=rns. ALL carnarment'

        . coa, E. Lovise !=CLucto Aeovt i   2            2                                                       g INCLUDES: APPLi&NCE PROMOfloNAL M EN                                    f A..L.A~c. -.. .     ..,..L.....                           n                                                                             l a , o ua.~r_ PavnoL6 .. A s or o, . Ariu. n < rave. '-             ]        .                                    i e ve n . T.coe wo~t . r. u= . o~L,>                       .

fIl INCLUDES Fa vyENTS Fan Suce* STEMS As: vac Afiohs. HoLec Ave. Stem T aut. FrasoNAL Town. ETC. lNCLL;Dgs Parut=Ts Fem Sucee ef rus As PE NeiONS caobe LsFE, >d & A L T ee 4%D QTuta E M*Lovf f thtweahCE P #t ulu w S. Il Amso CT>t R EW86av gg Bg %g r af. id) Cc M B.N af eo% Co W P A h i t t-SMo W DETAIL of NLMSt# of EMPLovtts 1% spact Paovict0 om PhTROLL DATA SurM ART" $witt.

SUPPLEMENTAL SHEET c e = ~ aza r -o m or m ~a 8 ' ~4 *

  • Maint Public Servics Company Decemb r, 1983 63 Detail of Cross Charges with Maine and New Brunswick Electrical Power Company, Ltd.

(To be Eliminated in Consolidati6g Statements) Current Calendar 12 Months Month To Date _To Date Included in Earnings Reservoir Rentals (Soua Pan & 11 250 85 500 Millinocket Lake) I Energy Sales to Me. & N.B. mkt Sales 8 213 272 8 213 272 Included in_ bygnses Energy Purchased from Me. & N.B 133 473 846 696 MbH Purchased 17 912 126 279 Rental of Transmission 1 920 23 261 Facilities I Included in Liabilities Balanee Cross Charge to Me. & N.B. (43 374) Cross Charge from Me. & N B. 135_059 Total 91 685 I Expressed in American Currency I

f .- I Page 64 f MAINE PUBLIC SERVICE COMPANY k COMPUTATION OF " NET EARNINGS AVAILABLE FOR INTEREST" (Pursuant to Section 1.13 of Indenture dated as of October 1, 1945) FOR 12 MONTHS ENDED DECEMBER 31, 1983 Groza Revenues: p rcting Revenues 33 007 069 ividends on pledged securities of Subsidiary (to an amount not exceeding net income of Subsidiary for the period): Dividend Income U.S. f Net Income of Subsidiary for the Period

  • a

( Canadian) U.S. 137 320 Total Revenues 33 007 069 Op2rcting Expenses (Excluding Amortization of abandoned projects) 22 306 384 , aintenance 1 001 905 rovision for Depreciation (not less than " minimum provision for depreciation" as defined in Section 1.10 (G) 1 618 459 958 660 ' Tcx2 (Other than Income Taxes) Total Deductions 25 885 408 f Op:reting Income 7 121 661 7 ( 2r Income:

       \1lowance for Funds Used During Construction                                    5 824 096 Interest and Dividend Income                                                        15 545 Equity in Earnings of Joint-Venture Companies                                      330 864 (Debit)                                               (102 435)

Ilth:rIncomeDeductions N:t Other Income ** 1 256 764 t Ecrnings Available for Interest 8_378 4g CConvarted at current average monthly exchange rates r Not to exceed 15% of Net Earnings Available for Interest ANNUAL INTEREST CHARCES ON BONDED INDEBTEDNESS OUTSTANDING AS OF DECEMBER 31, 1983 Principal ' Annual Amount Interest Charces t Mortgage & Collateral Trust Bonds: 3.35% Series due 1985 1 460 000 48 910 5-1/27. Series due 1990 1 540 000 84 700 4-3/4% Series due 1995 2 050 000 97 375 10-5/87. Series due 1995 3 280 000 348 500 7-1/37. Series due 1998 3 440 000 245 100

        .957. Series due 2003                         2 275 000                       180 862 10-1/47, Series due 2004                       8 000 000                       820 000 3-7/84 Series due 1992                                                       971 250 7 000 000
 ./     r:gste Annual Interest Charges               29 045 000                    2 796 697 P guired Co"erage - 2 Times Annual Interest        2 796 697                    5 593 394
 .L..eess Earnings                                                                 2 785 031 t

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  • Maint and New Brunswick -o w o,
           ?l"                           Ele _ctrical_Eower_C_omprny, Limit-d      December, 1983 DESCRIPTION                               PAGE NO.

FINANCIAL REPORT I Cash Reconciliation 1 Fluctuation in Certain Assets and Liabilities 2 Income Accounts 3-4 Retained Earnings Accounts 5 Detail of Income Accounts 6 Assets and Other Debits 7 I Liabilities and Other Credits Detail of Balance Sheet Accounts 8 9 Computation of Federal Income Taxes 10 Detail of Taxes 11-12 Operating Revenues and Statistics - Electric 13 Detail of Revenue, Operating Expense and Income Accounts 14 Detail of Purchased Power 15 Operating Expenses Summary - Electric 16 Operating Expenses - Electric 17-20 Fuel Statistics - Electric Summary of Electric Plant - Depreciation - Amortization 21 Analysu of Accumulated Provision for Depreciation of Utility Plant in Sc iice 22 Electric Plant Accounts 23-24 Improvement and Retirement Requisitions 25-2(s Bondable Additions & Minimum Provision for Depreciation 27 W Sales Data - Payroll Data - Electric 29 Detail of Cross Charges for Elimination 30

                                                                                                                                                                                                " "'" og                         e sa m i """"' " "" Maine and New Brunswick CASH RECONOUATION                                                                                                      . Electrical Power Compan L Limited                                       December. 1983                   1    ,
o. .s "
 ~'                                                                                                                   MONTH                            O                             [IUChL YEAR TO DATE                               ]

l acTuat l su oocr j . 878,"n . I nuoccT l < u975En , li I aCrunt

 !                                                                                                                                                                      1 404 100               1 722 900               (318 80._)_  0 215 110             149 000 l           66 110 !!                                   l i o,. .. .... R .e ~ue s (107) ii                      1 839                        -                   1 819 I~orL.I~co..-Ner                                                                                      (10/)                    -

1 405 939 1 /22 900 i (3L6 961) I 215 003 149 000 66 003 I! ToTat 22 247 616 526 526 500 90 026

       ~ DEDUCTIONS ~

72 747 50 500 L o ...r o= I  ! 19 100 (20 0/6) 5 161 619 187 000 (25 321) I 2 (97 6) 353 100 (2// 306)

u. .ri.. c.

5 000 29 400 (24 400) H 75 794 T. ..s p.io- r. o. ..c .~o sta r r inco-. 44 089 43 500 589 49/ 300 197 j (_ i i~,

                                       -or...
                               ..s,e..o on to~..Ta.- onor 1 900 1 7/6 k h                   63 020 20 966 63 100 37 800 (80)

(16 834)

                                                                                           ;           3 616                                                                                        176 000 i                  or .. i=re.cir e.v.s .rs                                                                                  -

H 176 000 - l s,.. .T. r v~o e..., ~n } 0 1 4

     !                 ns.coui.n o suco.irias                                                                                                             !!

l 0 _owkaaosP.io-P.ars..<o  ! h I -Co me w o% N l 10L 200 L (20 256) 0 1 158 014 i 1 387 000 I (228 926)

                                           ~ ~ ~

ToTat oE. uCTioMS li 80 944 l 335 900 (88 035)

                                                     ~

134 059 47 800 86 259 247 865 [ ..T.7.!'~~ h 29 100 (196 426) (89 027) (56 900) (32 12/) ["!."c N.I .T'A"s' ','s' 4 'o"_ t'M*t $'.lE[c'"c'" '" "* [ (16/ 326) 158 838 279 000 (120 162) 1 (33 261) 76 900 (110 167) k

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        } non nosustmsars r_o. Ca.v.ese No. C.see trasese                                                                                                  O
        !               T.us t C=..st p ro Orwe. TM.m T m Es,tNsts 300              (282) H                       1 256                    3 700                 (2 444) oT,. c..vio. Co..or o ro or .. T-.= o7,~a~E uraass                                  18

[- __ _ { 77 200 (110 449) H 160 094 282 700 (122 606) i s .u .c . _i (33 249) 162 138 67 700 94 438 l "c"f,,',",',',","f { (69 899) 1 000 (70 899) [iduTCo---s,.ucr.o- nt ovi.e.c=vs e H 16 200 (39 550) H (2 044) 215 000 (211 044) 7

                                                                       ~
                             ~e.T..c.                                                                  36 650                                                                                                               200 000 (100 000)            100 000 1                        50 000               (150 000)

IanU.ocTJrTA.1. ci=a ts : ois.it eeG.T~ ' 22 688  ; 11 200 11 488

                                         .u.c e-r .... .. o re....                            d        33 995     '

100 000 t (66 006) ii I, C.s i 70 644 76 200 (5 556) a 70 644 76 2_00  ! (5 556)___ C.s m.u.c.-E o o, e...on r__-

                                                                                .                                                                              I
               . PROCEEDS froes FINANCING,                                                                                                                                                            150 000
                                                                                                                                                                   '         125 000                                         ( 25__0_0_01_

i f ,__ " ." .' "* ' * "i" ' "" '  ! j i e,.La or Loma-Ts.as on.v (( h 8 N 5.tv or Stoc. o L b1 E_ 100 000 d 75 000 300 000 (225 000)

              !            t us-wor.s c....t. w e ,...o                                        4
                                                                                                             -           (100 000)

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F ENO COMPANY N AME Ma gnp and pg grungy {gg MONTH OF INCOME ACCOUNTS 3 Electrical Pcwer Company, limitNd De c eb e r . 1983 csit w

                                                                       $$           TNis yEAn                   Tsis TEAn               LAsrvEAR                   n'"EcEEUsb g                                                                  gz            euDcET                      AcTuAt                    ACTUAL               ACT g H Y,E ARS
    =1          oP:naTimo arvrNurs                                         l          151 400                   215 110                 115 2/9                       99 g31 2    ~. Pan ATlNG EXPENSES F              OrEa4 ton . FuacmsEo FewEn                                                                     10 215                                              10 215 gc              CeERAToN OTwEn                                                      50 500                     62 532                   52 262                     10 270 l        s      uAmTEN ANCE                                                         19 100                         (976)                28 913                    (29 889) h>              DEPRECiAToN                                                         12 700                     12 620                   12 585                           35 7      AMCRTIZATON lo              taxes OTNER TNAN iNCOut TAXES                                          4 600                     5 777                   4 678                       1 099 Lo               mCOME TAXES                                                        28 200                     56 925                    2 850                     54 075 10       DEF' ERRED INCOME TAXES - RELATED TO FUEL OTHER DEFERRED - INCOME TAIES f 11                                                                    l

[ 12 mvEstuENT tax CREDIT  ! , 1; t 5 7o74L oPenat No sxPaNses i 115 100 147 093 lul 2bo 45 805 l i; oPenaTsNo :NCoMa i 36 300 68 017 13 991 54 026 Il CTNan INCOME AND oEDuCTioNs 17 Ifl FOREIGN EXCHANGE G AIN (LOS$s

1) EQUITY IN EAnNINGS Or SUB ilDIAR f 20 EQUITY IN EARNINGS OF J V COS f 21 l 22 INTEREST AND D'vlDEND INCOWE .

23 AFUDC -OTHER FUNDS

                                                                                                                                                =
     % 20          MtsCELLANEOUS NONOPER ATING NCOWE l 2s g 23                      TOTAL oTNEn INCoMr                                                  .                                           -

27 OTwER INCOME DEDUCTICNS 4 200 107 4 678 (4 571) {28 TAXE S OTHER TH AN INCOME r 20 iNCOVE TAXES 30 CEFERFED INCOME T AXES l P 31 MSCELLANEOUS AMORT!2ATON l l l 32' Nr? oTNs= iNCoMc aNo orouCTioNs  ! u. 200) ( 10'1 ) W b/b) 4 571 33 eNCoMr stFont sNTrars? CNanors 1 32 100 67 910 9 313 SFs 597 f 3 34 sNTemesT CNanors I l 35 INTEREST ON LONG TERM DEBT l j 6 800 4 8,v; 5 t73 (843) b 32 AuO TizaToN OF DEST PPEM DISC & ExP NET  ! 2 400 237 2 337 . 37 mTEREST ON DEST TO A550Ci4TED COMPANIES j 1 031 (1 0311 J" 3 ) OT ER INTEREST EXPENSE I i 1 300 1 868 1 625 243 {39 p,ruDC BORnO*ED FUNDS (CREDITI

                     ^-oat or cA>~ o~ aE*cou ato oE=T ca l                                                                                                       .

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      % 41                     ToTat shtrnts? CNanors                        j            A ;00                    4 01;                   lh 666                     m (,11g        "

l 41 ONCOMr a Font ExtenonotNanT ITrMs l 23 600 l $8 8/$ t1 353) f)O 218 g c3 Eximaomoiman? sNCoMr amo orouCTeoNs l c.s ext =aORDwaRT nEus Gross  ! E c3 INCout TAJEs  ! l n Totactmfanono Nanf eTrMs . Na7 ) l 47 N ;T INCOMr l l 23 600 58 875 (1 35 3 60 228 j r-- 43 PIrFEn=to sfoCM olvtotNo nEcularMENTs 49 GLaNCr Fon COMMoM EToCM l l I SO p;vER AGE Nuwstm O5 SHaaES OuT ST ANDtNG 18 i St DEPm ECIAfcN CMG D TR AN$P E xPE NSE S CL E ARING l 275 113 7) . . 52 OPER ATON & W AsNT AS A % CF CPER REVENUE i 4e 1 33.4 70_4 (37.0).. . i 33 iNccut eEFOnt Ext ITEus as A s OF OPER REv i 1 - *, 27.4 - 2L4 S4 g ann;NGs rg e swant Or CDuuCN STOCm avg l l 35 et*DmE E XT=acmD.NaNT ITEWS l 56 A'lER EXTR AORD'N ARY iTE MS l __, _ _ . , , , -

                                                                                        . _ _ . . . . _ .   ._a---__.          _ _ _ _ _ _

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E, INCOME ACCOUNTS cour;.NY NJ.ME Maine and New Brunswick MONTH OF F' AGE NO I

g csto 2 Electrical Power Compenv. Limited December. 1983 4 FISCAL YEAR TO DATE TWELVE MONTHS ENDED THIS MONTH h B DGET A T AL ACT A AC UA H AR A U TUAL 1 752 500 1 404 100 1 095 930 308 170 t 2 I ' 526 500 187 000 10 215 606 311 161 679 528 048 229 895 10 215 78 263 (68 216) a 4 s I 151 400 58 000 151 434 50 252 151 012 44 058 422 6 194 s 7 e 353 100 170 969 5 653 165 316 9 I to 11 12 I 1 276 000 476 500 1 150 860 253 240 958 666 137 264 192 194 115 976 I 13 i4 is I . 16 18 19 20 21 196 (153) 349 22 I , 23 24 25 196 (153) 349 2e 50 400 (1 643) 48 393 (50 036) 27 as 29 30 31 (50 400) I 1 839 I (48 546) 50 385 ll 1 32 I L26 100 62 200 1 255 079 62 177 i RR 718 72 296 166 361 (10 119) ll l 33 34 3s 2 400 2 337 2 337 - 36 2 088 (2 088) 37 37 100 20 966 24 012 (3 046) 3e 39 I 101 700 32c 400 1 1 85 480 169 599 i i 100 733 s12 015) I I (15 253) 181 614 ll il l 40 I 41 I 42 43I

 'I l

44 l 45 de I I  !! 324 400 169 599 (12 01,51 181 t14 4y 4u l 49 l I 40.7 1 256 55.4 3 300 09,2 (2 04c) (l 3.8) so si s2 12.1 I 18.5 12.1 . 53 s4 SS _ _ _ - = - .u - - ==2 = z : =.:. .=:m - - a.=- : = . .:  ::-=:=-=----===---=::-=====-=r-- u .

     - TAINED EARNINGS ACCOUNTS                         a-~~'   ~""5 Maine and New Brunswick       " ""                 "6E ao.

w 2s Electrical Power Ccmoannlimited December 1983 $ FitCt.L YE AQ TwELYE MONTH 3 DESCRIPTION MONTH to LATE EsoEo THis woNTH Apenoen ATEo nErAiuro EAnsiwGs - av svAar or PEnion 3 030 4a2 2 919 718 OR PEZIOD ITEMS j a INctuE TAmts APPICPRI ATEO RETAINED EARNINGS . ADJUSTED 3 030 442 2 919 718 5 58 875 169 599 u rizermE vorAL 3 089 317 3 089 317 g r en: 3 oEctA=Eo Amo/on Acenuto g E a E giu:rmENTs to aETAiuto EAnnisGs I DNCOME TARES TOTAL App::PRI ATED RETAINED EARNINGS . AT END OF PERIOD 3 089 317 3 089 317 I sma i 5 I i 3 . L g  ! i I I I i i g 6 I _ i.p.pa lhr -

                           ..      mas.edsh @                 ^

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l I[* DETAIL OF INCOME AND EARNED ' " ' * " ' " ' " ' Maine and Etw Brunswick "o"**' 'a a t "a - I [Eg SU.R..P.LUS ACCOUNTS

e. Electrical Power Compann_ Limited _ __ December, 1983 _6_ J
  • C#'***" * * * "I"'

D ESCRIPTION MONTH TO DATE ENDED THl$ MONTH ]. Interest and Dividend Income Interest on h aranteed Investment  ; l and Deposit Certificate Miscellaneous Interest _ -_ __ IM

                                                                              -                        196 I

I Other Income Deductions Sundry Donations Foreign Exchange Ioss - Affil. Co. X-Charges 1_07 - (L643) 107 (1 643) I I . I I I I I ,

                                                                                                .                                                 i f

I I I _i __ w m-e w- l I _ - . = =__ - - = ._______. - = - - - - - - - - - = - L

    **"- ***^"'"*"*      Maine cnd New Brunswick         = =m   e                          ASSUS AC WER cebus E____ ~ 7 Electrieri Power CDep'ny. Ltd.                  DecembermL983                                                '

wins rovaa cm ana mm .oem tant no<= cnam t ELECTRC FLANT IN SERVCE D 30D 53/ 6 176 786 1/9 /31 tEss acCum mov N roa ocPN otet a awoar 3 214 150 3 201 512 12 638 NET ELECTRC PLANT IN SERVCE 5 094 387 4 977 274 117 113 g CONSTRUCTON WORK-IN-PROGRESS 18 917 218 567 (199 650) TOTAL uTiuTY FLANT 21 5 113 304 5 195 841 (82 537) INVE~TMENT IN ASSOCLATED COMPANIES NET UTIUTY FtANT AND INVESTMENTS 5 113 304 5 195 841 (82 537) ( ASH - LOCAL 68 559 NON LOCAL

  !         - WORKING FUNDS                            2 085             70 644             33 994        36 650       m TEMPORARY CASH INVESTMENTS DEFOSITS FOR INTEREST AND DIVOENDS CUSTOMER ACCOUNTS                                46 671 LES:; ALLOW. FOR usCOttECT. ACCTS.                                  46 671           31 238          15 433
  ,  NOTES MsCELLANEcuS                                      2 222                                                         e intorest T<eceivable
                                                    !                     2 222          (83 178)         85 400
ECEIVABLES FROM ASSOCIATED COMPANIES l 124 610 58 222 66 388 DEFERRED FUEL AND PURCHASED ENERGY DEFERRED INCOME TAN RELATED TO FUEL
  ,  ruEL                                   I          3 354 LINE MATERLAL                          l                                                                        c PLANTS                                 l         10 936 l
  ~

FUEL STOCK EXPENSE UNDISTRIBUTED h c TORES EXPENSE UNDISTRfDUTED l l l } 14 290 14 384 (941 l PREPAC TAXES N 11 - PREPAID INSURANCE 8 697  ; MsCELLANEOUS 8 697 18 914 (10 217) { UNAMORmED Dest DISCOUNT a EXPENSE l 16 025 16 362 (2 337) f. NONUTILfTY PROPERTY

  • ETHERINVESTMENTS PRELIM SURVEY & INVESTGATON CHARGES l CLEARING ACCOUNTS  ! SI 6 RESEARCH AND DEVEL EXPCNDITURES }

MsCELLANEOUS DEFERRED DEBITS I 9 5 104 GTHER* 5 680 6 297 (617) [ nova 6 anm a orme . ..e ,_ _ j 5 400 143 5 292 014 _j _ _ 108 069 I I  : L

I' LIABILITIES AND ETHER CREDITS cO*P u f =ama Maine and New Brunswick * " "

  • la "

k Asse n Electrical Pcwer Company. 1.imited December, 1983 l 8 NIAE TOTALS WK la y ON 873 a48 p a c,g THet MONTH LAlf MONYM (DeCatans) j CAPff AL SMastl P&O + STOCK COMMON 10 000 $100 1 000 000 1 000 000 1 000 000 PREFERRED

        =    PREMIUM ON CPITAL STOCX I

I OTHER PAID-IN CARTAL I E UNAPPROPRIATED RETAINED EARNINGS

        $    UNAFPROPRIATED UNDISTRIBUTED EARN.            5     3 089 317       3 089 317           3 030 442           58 875 LESS-CAPITAL STOCK EXPENSE REACOUIRED CAPITAL STOCK TOTAL SHAREHOLDERS EQUITY                                      4 089 317           4 030 462           58 875 I    ,

REDEEMABLE PREFERRED STOCK iST. MORT. & COtt TRUST BONDS

  • 9 832 000 I h3 ox 8d DEBENTURE BONDS' LESS REACOU RED LONG-TERM DEBT 832 000 832 000 -

LONG TERM DEBT DUE WITHIN 1 YEAR 9 116 000 176 000 -

         =   NOTES PAYABLE                                                          200 000             200 000                  -
  • ACCOUNTS PAYABLE g 9 15_266 I $ PAYABLES TO ASSOCIATED COMPANIES TOTAL ACCOUNTS PAYABLES PAYABLE TO SUBSIDIARY COMPANY 15 266 7 407 7 859 DEFERRED FUEL & PUR ENERGY COSTS DEFERRED INC. T AXES RELATED TO FUEL DivlDENDS DECLARED AND OR ACCRUED l CUSTOMER DEFOSITS l l o TAXES ACCRUED 11 j 72 156 23 00s 49 149 f INTEREST ACCRUED ON LONG-TERM DEBT l l 4 830 I% INTEREST ACCRUED ON BANK LOANS  ! .

INT. ACCRUED ON CUSTOMER DEPOSITS I l OTHER INTEREST l l 4 830 1 808 3 022 DEFERRED INCOME TatES l [ j l I ACCELERATED AMDRTIZATION LIBERALIZED DEPRECIATION OTHER TAMES I l l l i

       .                                            i
       *E Eg     DE7 ERRED INVESTMENT tax CREDIT                 i UNAMDRTIZED PREMtUM ON DEBT                      l CUSTOMER ADVANCES FOR CONSTRUCTION I

i OTHER DEFERRED CREDTS 9 10 374

                                                                               ,       10 574             21 410        (10 836)

TOTAL L1 ABILITIES & OTHER CREDITS j j 3 '400 143 5 292 074 L 100 009

                   'LES3 CURRENT MATURITIES I

I

r 3 All AUE SHECCES E E EEE~~iiE3EwIM M earm-m'el com u l Electric 91 Pow;r Comp ^ny, Limited Decembar, 1983 9

                       ~~

Charges Pr_ ret; T DESCRIPTION AND REM ARKS bipense Account Annual Fiscal W ar, Accrual- ,"$7^"Cfg7g To Number Estimate To Date To Date 11 t sce l lant o+.s Deferred Debits and Credits Annual Aodit 932.4 186.11 6 000 6 287 1 6 287 - [ l Clean #5 Generator b 186.24 17 320 17 320 -

 }             Paint #5_ Penstock                                 543.9     '

186.27 * - - - L _. Repair Walk Way_at #5 Intake 543.9 186.28 25 000 467 467 - Remove Rock - #5 Intake 543.9 186.41 11 500 10 545 10 545 - l 186.12 5 104 - 5 104 l___AroostookRivrr_ Salmon _Restorat_ionStudy 17 821 17 821

 !__ Paint Gates                                                  543.9 ll          186.54               33 000                                         -

Repair Damaged Ba< cole cases 543,9 ! 186.55 38 500 *18 419 18 419 - t L___RepaJ r_Ba nk_Ecotte n 543_J_&_545.9 ! 186.70 11 000 15 543 15 543 -

  !                                                                          4

[ Clearing Account - variance __ 186.95 -

   ;                                                                          i
          - _ Exchange Charges on Intercompany Transaction 253.30                                                       (10 574)
ltscellaneous Deterred Debits 5 104 l O 10 574 7._t he r De f e r_r_( d_C r e d i t s Total i  ! (5 470)
    > 1984 Project - 1983 Accruals being_ reversed L __ _ _ __                            _ _ _                               h_                 I
    }st Mortg. age and Collateral Trust Bonds                                  q L5-3/47,due May 31, 1989 - Within a Year                                                                                                      176 000      l p!                                                                832 000       t

[Long-Term Portion l 1 008 000

     ;                                                                         ll j

Accounts Payable 4

     ;          voucher                                                     j        232.10                                                        12 548      !
Salartes and Wages j 232.11 1 2 443  !

I Emplovec Stoc.k Purchases [ 232.22 i I Croup __ Insurance b 232.31 i - Vo.l_untary Accident Insurante - 232.32 l - f Union Does 232.33 l - 4 Unvouchered Liabilities i 232.90 - 241,50 275 1 l___Prc.vinc ia1 Sales Tax [ Canadtan Withholding Tax } 241.61 1 - l Unimployment Insurance J 241.62 - l l ' 241.63 - i Canadian Pension l [InsuranceAccrued Tota 1 I! 13 _2 % I

                                     ,           ,                      ~.-                                     _                               _

I Page 10 I MAINE AND NEW BRUNSWICK ELECTRICAL POWER COMPANY, LIMITED COMPUTATION OF DOMINION INCOME TAX TWELVE MONTHS ENDING DECEMBER 31, 1983 I Fet Income Per Books 169 599 Add: Dominion Tax (Incl. Adj. for Prior Yrs. 1981-$5,106; 1982-($5,150) 170 969 Total--Net Income Before Income Taxes 340 568 Add: Book Depreciation (Including Depreciation on 152 690 Transportation Equipment) Book Amortization of Debt Expense 2 337 Total 495 595 Deduct: -Tax Depreciation 159 790 Pension Costs Capitalized Interest Charged to Construction Taxes Charged to Construction - Net Income For Tax Purposes 335 805 Tax Computation Net Inceme @ 50.97. 170 925 I Use . 170 925 Less: Accrued to End of Previous Months 114 000 Total Accrued Current Month 56 925 I I I u

r .,

               -         - -                 ' natee and new stunswick -  r" or                                             CITAll OF TAXES
   'E5 11aElcetrical Power Company, Limited.                     _      Decembe n_1983 ACCRUEO AND PREPAtD TAXES-CURRENT MONTH DESCRIPTION                                          ACCRU ALS AND        RALANCES
  • PAYMENTS P R O R_A T E S END OF MONTH k I-i Income Taxes - Utility Operating Income
                                                 - 1983                                     5 000            56 925             44 225
                                                 - 19T2                                                                                        l i

4 - 198'l t

         =

Total Dominion Income 56 _9_25 I e Taxes Othe___han rT Income l 5 in Filing Fee Public Utilities 30 -- u Franchise 4 224 27 231 'e E Canada Pension (7) 504 504 (7) - T4 Unemployment - is Real Estate and Personal Property  ! l 026 - Total General Taxes 5 777 to e Total All Taxes I 5 497 62 702 72 156 i l si j

        't    Prepaid Taxes                                                      l 3  Accrued Tax _as                                                     i                                              72 156.
        .4                                                                       I as                                                                       I s                                                                      I 7                                                                      l 23                                                                      [

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f c*""a' a' a Maine and New Brunswick -oam 'l aa' ai DETAll OF TAXES iIcasesno Electrical Power Company, Limited December 118LQ2_ AMOUNT C r T AXEC AMOUNT OF TAMES B ASIS OF TAXES-THIS YEAR CAME MONTH FISCAL YEAR TO DATE I LAST YEAR

             #                THl$ YEAR             LAST YEAR     l l

TYPE AMOUNT RATE iEs TAXES 353 100 i 170 925 I E _2 I 2 850 5 150 (5 150) l 3 (5 106) 10 803 l 4 I s I 6 2 850 170 969 5 653 E 353 100 7 i e e I l 181 250 594 E 300 iO 5 53 84 E 100 in 2 228 77 231 21 068 E 19 700 i2 562 3 235 2 785 E 2 400 is 461 6 547 4 450 E 4 500 i4 1 241 12 936 15 077 I E 15 500 g_ I [ i6 44 058 E 43 500 it 4 678 I 50 252 _! 0 is t 7 528 l 221 221 49 711 1 E 396 600 7 20 21 l 21 l 1 l 23 24 2s I 26 27 l 28 29 I i 30 l l I s t_. l 32 l I l l l l1 l 33 34 3s 1 3. 37 l l 38

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r ERATlh3 REVENUES AND STATISilCS - ct= '* 1' *

  • Maine and New Brunswic.k "'* 'u ac ECTRIC nsis Electrical Power Comp ny, Limited December, 1983 13 i MONTH l FISCAL YEAR TO DATE l fliis TEAR LAsf ytAR l f*s it48 LAST ftAs CPERATING REVENUE $
                          $ALIS 0F ELECTRICITY 1 no          sisa nte                                                                                                                                                                               g 442 i       COWutR3 8 iMits?tA = sukt 442 2       COUWiRC% 8 i43Lstt%-t4#ct                                   l l usi              rume stuir a ac.- tons                                     i h eur               ama tou=c. .                                               !                                                                                                                          E us          on,. wii io ,ume cents                                                                                                                                                                 5 fm                  was son nsmi.                                                       212 275                    112 415                  1 374 071                            1 065 875 L                                                                                                                                                                                                         a TOTAL SALI5 0F ELICTRICTY 3                  l        212 215                    112 415              l   1 374 071                             1 065 815               g f                         OmER OPERATihG RDEhuE1 l Gr              scartirto ciscounts                                                                                                                                                                    ,g
        'i          s.scuawoes stsuct aivtnurs ges                 nili iem iacrec rnoneri                                                    2 835                   2 864                          30 029                           30 055 l 456             cr<a sticinic etit=uis
 &                                                                                                                                       I TOTAt omER OPERATING R[vENuts                1               2 835                   2 864            l             30 029                           30 055 f                                 TOTALOPERATIN REVENUES                        !       215 110                    115 279                  1 404 100                             1 095 930 h

gue usaca ELECTRIC TY SOLD WWH l i f 442 3 C0wWitC4 4 inJUstar-suki l l uis cow a:4 a iiiweat-unci 3udi ,eme s1.ui iio.- tenac _ gu4, amatenu.. l us o14 saas to rume wents C, ssisson msau . 20 375 14 88/ 145 715 115 417 l 7" TOTAL ELECTRICITY SOLD WWH 20 315 la 881 145 715 115 417 1 Tes naaru extnvs.em xuasi ir no atur. CUSTOMER DATA I nisot ; int l C04WiXint 4140tsTBA-suntt a a..,= a s.. w .r - a.a l Pt:ht sf8Ili & Maceraat tot E l Ofealt Pti8 tic aulosoihfits 1 oime viunts 3 3 TOTAL CUSTOMER $ [WITHOUT DUPilCATION) l 3 3 1 y na tune cusiovas xtac i i l :.vue e strins in sirwei l 1 XXXX XXXX numme or wities tanto 1  ! XXXX XXXX { g i i L fies M0ain PitCitY it is3aTM5 if M0Rfi6 Pit;t ti Motfu YLAR ar.0 iittitist I, les TtAt La1T ftAR le(flAst l AVERAGE USE PER CUSTOWER RWH T 'ise+='* 1 touvEzm ainw et-su4tt cevvince s inwaw-unct AVERA0E RDENUE PER CUSTOWER 5 s oisetum COW JEXW & 143usinia,-sukt l 3 c:..ici i.w. . uni  ; AVER AGE UNIT RATE-( RWH ni:etua g eenta:t a :=we a,- s.aa j (!WJitC A & 193tC8 A= LA80i in in wrs - -- _ _ _ _ _. . . _ _

        .re coast ca ewa                                                                                                                                                                                    j o . nu non : cm we. is n. t,.3t. e, .. * , u c                                                                                                                                                       i l_

r iin DETAll OF REVENUr'. PERATINC ceu.av am Maine aird rew Brunswick -om u ..,c== g' ' E,XPENSE AND INC0 ACCOUNTS Electrical Power Company, Limited Deccaber, 1983 FISCAL YEAR TO DATE 14 MONTH l THl$ YEAR LAST YEAR l THl$ YEAR LAST YE AR l I REVENUE 447-Sales to Other Utilities. M.P.S. - Hydro-Cap. Chg. 83 333 27 409 460 952 414 037

                  - Hydro-Firm                                   80 604             57 690                   568 254          437 302
                  - Hydro-Surplus Total Hydro                                           163 937             85 099              1 029 206             851 339 1 000                                       12 000 I               - Diesel-Cap. Chg.
                  - Diesel-Firm Energy Total Diesel 1 667 1 667 1 000 12 667 12 667            12 000 Total Maine Public Service Co.                        165 604             86 099              1 041 873             863 339 __

I i i _Perth-Andover Electric Light Comm. 44 416 24 858 313 005 190 666 NBEPC - Carlingford 2 255 1 458 19 193 _11 870 I Total i 212 275 112 415 I l 1 374 071 1 065 875 I MWH 447-Sales to Other Utilities M.P.S. - Hydro-Firm 17 912 12 820 I l l 126 279 97 178

                   - Hydro-Surplus                        I             -                -

l - Total Hvdro I 17 912 12 820 l 126 279 97 178 M.P.S. - Diesel-Firm I - l - 97 178 Total Maine Public Service Co.  ! 17 912 12 820 l 126 279 i Perth-Andover Electric Light Comm. I 2 326 1 956 18 278 17 160 NBEPC ~arlingford i 137 111 1 1 158 1 079 Total 20 375 14 887 145 715 115 417 447-Sales to Other Uti_1_ities  ! L I Average Unit Ra te - c IGTH I M.P.S. - Hydro-Firm I .45 .45 h .45 .45

                   - Hydro-Surplus                        j           .__-
                                                                                          -     li                   -

Total Hydro I .92 .66 'l .82 I .88 I M.P.S. - Diesel-Firm

         -Total Maine Public Service Co.

1 t i

                                                                       .92
                                                                                        .61 l

l l

                                                                                                                   . 8_3 l

I .89 1.71 1.11 I Perth-Andover Electric Light Corm. NBEPC - Carlingford Total I 1 1.91 1.65 1.04 1.27 1.31

                                                                                        .76 l

1.66

                                                                                                                   .94 1.10
                                                                                                                                      .92 _

4 i . 1 I I I I l l l 1 l l i l I  ! i 1

                                                                                                        --~                ~

lcwonens.: o.,. e.eci. vario car. ..ove ro. .;oa sa m es ..ca.

SUPPLEMENTAL SHEET E m **xt Maine end Ncw Brc.swick ~ ~ " * ' *a = c ~a ' Electrical Power Companv I.fmited December, 1983 15 l PURCHASED POWER Cents _Per KWH Month _F__i s c a l_ ye a r_ t o. D_a. te M;ine Public Service Co. Level Ivo Energy 3.76 10 215 10 215 Deficiency Energy _

3. 7_6 _ _1_0 215_ _____10 _21_5__ _ _

I

                    -                                                                                               I Maine Public Service Co.                                                                                        .

Level Two Energv 272 272 Deficiency Energy . - 272 272 I I I  ! i I I-r 1. I

( PE AT N3 EXPENSES $UMMARY . co-**=v=a-a Maine and New Brunswick ~ 'ae' = A4sm ur Electrical Power Company. Ltd. December, 1983 16

     ,.                                               "ini;" P'        l                MONTH                  FISCAL Y' EAR TO DATE l

EN. *$d' l THis YEAR LAST YEAR THl1 YE AR LAST YEAR OPE R ATION STEAM POWER GENER ATION NUCLEAR POWER GENER ATION HYOR AULIC POWER GENER ATION .22 .20 45 704 30 329 342 772 324 391 OTHER POWER GENER ATION - - - - -

            'THER POWER SUPPLY EXPENSES         .07            .01             13 312            2 144         45 319            26 646 TCAN5MI5510N EXPENSE 5                  -             -

140 424 200 DISTRIBUTION EXPEN5ES CUSTOMER ACCOUNTS EXPENSES l CUSTOMER 57 '.VICE AND INFORMATION SALES EXPENSES ADWN. 8 GENERAL EXPENSES .07 .13 13 591 19 789 228 011 176 811 TOTAL OPER ATION .36 .35 72 747 52 262 616 526 528 048 M AINTEN ANCE STEAM POWER GENERATION NUCLEAR POWER GENERATION HYDR AULIC POWER GENER ATION (.01) .19 (2 931) 28 094 151 788 222 636

           ~THER POWER GENER ATION             .01              -               1 860              491          7 398             5 425 TCANSMI5510N EXPENSE 5                               -                   -

245 645 515 DISTRIBUTION EXPENSES r.owN. a. GENER AL EXPENSE 5 - - 95 83' 1 848 1 319 I TOTAL MAINTEN ANCE - .19 (976) 28 913 l 161 679 229 895 TOTAL OPER. EXPEN5ES .35 .55 81 175 71 771 778 20_3 757 943 T TAL CHARGE 5 TO CLEARING ACCOUNTS: STORES EXPENSE TRANSPORTATION EXPENSE 576 1 869 7 425 13 999 ENGINEERING EXPENSE ,_ GENERAL OFFICE EXPENSE _~ I . I I  ! L '

r P AT N'3 EXPENSES

SUMMARY

-                                                      e'*                     *e
                                                      's    M            'ew' h u h f6520 M A                                     Electrical Power Company, Ltd.            December, 1983          16 r                                            id        l             MONTH           l       FISCAL YEAR TO DATE
                                         $/ 'UsN  $d"    l THl5 YEAR       LAST Y EAR        THIS YE AR    LAST YEAR OPE R ATION STEAM POWER GENER ATION NUCLEAR POWER GENERATION         l HYOR AULIC POWER GENER ATION         .22      .20          45 704        30 329          342 772         324 391 OTHER POWER GENER ATION OTHER POWER SUPPLY EXPENSES         .07       .01          13 312          2 144          45 319          26 646 Tr.ANSMISSION EXPENSE 5               -        -

140 - 424 200 DISTRIBUTION EXPENSES l  ! CUSTOMER ACCOUNTS EXPENSES  !  ! I CUSTOMER SERVICE AND INFORMATION l SALES EXPENSES ADMIN. 8. GENER AL EXPENSES .07 .13 l 13 591 19 789 228 011 176 811 TOTAL OPERATION 1 .36 .35 il 72 747 52 262 616 526 528 048 M AINTEN ANCE STFAM POWER GENERATION I NUCLE AR POWER GENER ATION HYDR AULIC POWER GENER ATION "THER POWER GENER ATION (.01)

                                         .01
                                                   .19 (2 931) 1 860 28 094 491 151 788 7 398 222 636 5 425 I  _TR ANSMIS$lON EXPENSE 5 DtSTRIBUTION EXPENSES ADMIN. 8. GENER AL EXPENSE 5          -

95 245 83 645 1 848 515 1 319 TOTAL MAINTEN ANCE - .19 (976) 28 913 161 679 229 895 TOTAL OPE'R. EXPEN5ES .35 .55 71 771 81 175 778 205 757 943 TOTAL CHARGES TO CLEARING ACCOUNTS: I STORES EXPENSE TRANSPORTATION EXPENSE ENGINEERING EXPENSE 576 1 869 7 425 13 999 GENER AL OFFICE EXPENSE I I . I I I N

I O MAlY CF POWE2 P.T Z DUCTi^ N t oman, et Maine and New Brunswick * " " " " " " " [ , ENS 15 E1cetrical Power Company. Limited December, 1983 17 l MONTH FISC AL YE AR TO D ATE

            ' PRODUCTION OPERATING EXPENSES                                   THIS VEAR       LAST YE*R        THis VEa4       LasTYEAR l

Tofs sTEAu mata cE~EnaTm l Tofu. NxtEma mwEn ct~Ea*Tm l

    .        Torat uroaauuc mwEa cE~Ea*Tm                                 l    42 773           58 423          494 560           547 027 l             Total oTwR mWEa x~E= arm                                     j     1 860               491             7 398            5 425 l                      voT AL Pon E R c E NE R ATsom                       l    44 633           db 914          501 958           552 452 l

cEwTs na NET nws cE~EnaTEo I .22 .38 .33 T l tot AL 5YST EM ST ate $ TICS l l uw- cEnEa Tto c oss 1 20 845 15 755 151 855 122 488 I uww sT*Tm usE l 122 88 886 838 i g uw,, cE~Ea*Too ~ET l 20 723 15 667 150 969 121 650 Q l www rowEn au=csasEo l 272 272 U 1 is AovEnTENT . uwuEcovEo eEuvEaEoe i t a tot AL uww output To u = E s-NET I 20 995 15 667 151 241 121 650 - MWH TRANsFERREo To OTHER DEP ATMENTS - l uww usEo ev Coue*~Y 73 83 395 448 1 _ uww soto ' 20 375 14 887 145 715 115 417 l l ToTAtuww ACCouNTEo roR l 20 448 14 970 146 110 115 865-  ! E u wwLossEs ) 547 697 5 131 5 785 l tosses as A s or output To UNES-NET l 2.67. 4.4 3.47, 4.8 j \ l l  ! l

  • DEUVERED COSTOFPOWER j m ' -

MAINE VANKEE POWER DELIVERED COST 5 S .14 CAPaCATV l 59y FUIL wHEEUNG COSTS Se E suFT* CRY oF Cup UNE sua uusE va~xEE Taassu.ssa l ssE-Co wwEEuNo l Jse= seg wscAssET TocaiENT l T;TAL DELivE R ED COST oF MAINE Y ANK E E POWER l l na r MilNE ELECTRIC POWER DELf vER ED COST l I I ms"5 Caric,Tv 1 Ws ~2 FWL I WHEEUNG costs l f l t5 suppoatoruEaco usE  !  ! $6S C.? NBEPCo WHEEUNG l 1 g I l T;T AL DELivE R ED COST oF MEP CO. POWER l! l

                                                                                                                  .                           5
     -        OTHER POWE R sUFF1Y EXPENSES                              I                                I I55 Pw M Wwd
                                                    ~ ~ " - '

i 10 215 - l 10 215 - 155 System Cent rol 6 1. cad Disca tchine _i j_ 3 097 _ _ _2 14:.  ! _35 104 26 646 1 4

          ~ Total Ottier P:wer Supply Expenses                                 13 312            2 144           45 319            26 646 J

l I g l l I E 3 I l Em 4 I j l TET AL SYSTEM ColNCIDENT PE AK l l sTsTEu toao r*CTon isasEc o~ Co ~coE~T rEuo ( { ETu na NET nwH cENEn.TEo FUEL COST CENTS FTR NEY KWM GENER TEo l i i ! l

=

I EvsTEu tCAD F.Clom 12 MoNTd ENDEo THEsE COSTS *RE INCtuDED oN E S60 20 *ND E S20117

r r-co- ta? aus ao Ta or - a o. POWER PRODUCTION EXPENSES Maine end New Brunswick

     " * * " "                                                 F1 ec trical Power rc?pany_ T i M t <-d                        December, 1983            18

(- TYPE - HYDR AULIC j _ST ATION - Tinker MONTH FISCAL YEAR TO DATE E HYDRAULIC POWER GENERATION THIS YEAR LAST YEAR THis YEAR LAST YEAR I OPERAllON 333 0, . 7,o s u ,. . . .s ,.. . E ~ o , ~ , . . a 12 842 4 208 52 914 45 094 336 W.Tta r om Powt. 13 993 8 327 105 384 100 002 537 M*Cm.utic E n,ENsEs 8 220 3 140 46 142 39 759 538 E Licia.c E me ~ss. 9 946 13 014 124 327 119 263 539 Mesc Hven.uLoc Powgn GE~ER. Tion EEPENses 703 1 640 14 005 20 273 I 340 RENTS I I ( TOT AL OPER ATiON I 45 704 30 329 I 342 772 324 391 I ct~Ts ria Nt7 nw H Ge~ra.T<o I .22 19 I ,23 .27 I M AINTEN ANCE s4i u.i~T,~.~ce su. ...s.o~ a E~oiar m ai~a 4 335 982 27 515 17 696 s42 M.i=Teu.~ct or sTaacTunis (77) (280) 4 219 7 563 343 M.,~Tr~.~ce or Re s e nvo. s. c.-s a w.Tzaw.v. (11 611) 13 536 69 093 114 971 l 344 u ...T e ~.~c e o, E LicT..c PL.~T 3 697 13 470 44 449 80 599 l ses M.i=Tr ~.~ct or Misc. H T c a.utic PL.NT 72_5 386 I 6 512_ 1 807 i . (2 931) 151 788 222 616 l I TOTAL H AiNTEN ANCE I 28 094 1 crafs Pa= NcT xWH Gi~en.Teo - 18 .I .10 .18 ! TOTAL HT DR AULIC POWER GENER ATiOM 42 773 58 423 494 560 547 027 cc~Ts Ps= net nwH Gcas=.Tro _ _21 _1L_  ! 33 m45__ MWH Grata.TED-Gnoss 20 845 15 755 l 151 855 122 488 MWH 57.TsoN Use 118 85 I 851 802 MW H GE ~ta.Ttp-N ET 20 127 15 670 i 151 004 121 686 j 128 020 I No...t w .T . Y .rN c7 u w H G a ~ca.Tio= To f.L ST.Tio~ Pg.n-N ET M W 10 700 33.9 10 700 35.3 1 1

                                                                                                                     }

35.8 128 020 35.3 l ST ATION - Tinker TYRE - Int.. Combustion lI s46 OTHER POWER GENERATION OPE R ATION O*En. Tion SUPE 4 vision a E~G6~EERING 547 FutL l . . l s48 Gr~ca.Tio= Enea~sts l . 34e Misc. Otutm Pow E R GE~E R.Tso~ EEPENsts . l . sso RE~TS l l i

                                                                                                                                        =                -

TOTAL OPER ATION l - - l casts Ptn NET KWH CENER.TED j . . l . . M AiNTEN ANCE ssi M..=Te n.~c t Sueca< sion a E~ainsraiaa 1 766 422 s 6 983 5 345 M.INTE~.~CE or STaucTunes } s52 I ssa u..~ r ~. cs or Ge~ta.fino a EtacTaic "' - - I 321 11 ssa M. =Ta~.~ce o Misc OT,.E m Pow t n G E~t a. Tion PL.NT [ g4 gg i 94 gg 1 l TOTAL M AmTEN ANCE .1 1 860 4 91 1 7 398 5 425 I cgNTs Ptn NET KWH GENER.TED TOT AL OTHER POWE R GENER ATION Canis Ptn NET KWH Gr~En.TED j l i 1 860 491 l 1 I 7 198 5 425 I M W H GENT R.Y E D-Gross l .

                                                                                                               =                         .

MWH ST.Teo~ UsE l 4 3 I 35 36 MW H GE~t e.TE D-N ET i ( _6,3 (3) H , l e; T (36) Tof st ST. Tion Pt.n-NET MW f .

                                                                                                               .        l                .

sTU PEm NET MWH GE~En.Ygo j , g _ Fwsk Cost-Cf =Ts PER NET MW H GE Ens t o l ,

                                                                                                               ,        l t

SMISSION AND DISTRIBUTION co-Pa Ta2"' Maine and New brunswick I "ca'a

  • r PutNt ENSES - ELECTRIC El ec trical Power Comnam . 1:mit*d i Du ember. 1983 19 am MONTH FISCAL YEAR TO DATE TRANSMISSION EXPENSES THis YEAR i LA ST YE AR THIS YE AR LAST YE AR l

i PER ATION 560 OPE R ATion supervision & EhGihttetNG LC;o DisPatcNshG

           ? Tr.Tio N EIPENsts N3       C'Trmwtap Lahr EmPEnses                                140                .                 424             200 564     Uhesmonowho LeNE EmPENsts h        Tr.1NsuissioN or Etscin+csTT ST OTNtas                                                                                    I h        MerctLLahtous TmanswissioN EmPEhsts                                       .                                   .

567 ZENTs TOTAL OPER ATION l 140 l 424 200 CENTS PER KWH - Output To Lahts .

                                                                                     . ll             .                .

l 54 gINTENANCE y MaiNTENames SuPEnvisioN e E%GihttRrNG . . N h MuhTENamct or SYoucTunts No MacNTEhaNCE or STATION EOuiPMENT . . 186 32 5 71 M AINYtwaNet or Om tnweap Lewes tit . 245 459 483 h MisNTENaNCE or UNcEnGnou%D lines MiiNTFNahCE or MesC. TRahs Mission PLANT TOTAL MAINTEN ANCE . 245 I M5 515 CENTS Pam KWH - Outeur To Lines . . l . - TOTAL TR ANSMIS$10N EEPENsts 140 245 l 1 069 715 CENYs Pt n KWH - OuTPvt To Ltats . - . - DISTRIBUTION EXPENSES OPER ATION

  .        WERaTioN SuPtRVislON & ENOshEEE NO 5 81    Lvp DispaTCNiNG hI      PTr. Tion EXPENsts b       Ovsmatap Lint Expenses 584     UNotassoump Lahr ExPENsts                                                                        s g       STitET Lis=Tiho a sachat SysYtu ExP METER EsPENsts 587     CUSTOMER Installations EEPENsts y        Mi2ctLLahtous DisTaisurioN EmPENsts h

E T.thTs l j TOTAL OPER ATION l CENTS Pam KWH - OuTPWT Tc Lehts l DoLLans Pam CustouEn (3) I f M AINTEN ANCE k 690 MMNTEN ANct SurtavisioN & ENGihEERING g1 M&lNTENaNCE or STaucTuats { g 2 MaiNTihahct or ST ATioN EQulPMENT f N3 MishvENaNct or OVERMaap LINES (2) f 6 g4 M/.shTENahCE Or UNCERGRouho Lehts l h MJJNTEmahet or Lint TRahsFo# WENS l E MaNT. or StatET LtGNTeh3 & SIGNA 6 STsTtus l 597 til NTENancE or METras l MinNTFvaNct oF Misc. DisT A SWTeoN PLaMT l TOTAL M AINTEN ANCE l CEmTs Ptn KWH - OWTPWT To Lihas l DoLLams PER Customer (3) I g f TOTAL DISTRIBUTION EEPENBES l CENis Pts KWH - Output To LnNts t l DoLLans Ptn Custourm (3 9 l L'",?? # 1"a'v' &"i""' "

                                       ! ^'" an 4                                    -      l                             .

i i 2n INetuors Tatt Teawuino amo 0034 4 I 7 G*s T OF Way Qga n'NS l T3Ecomeu's Fiscal Ytan To DATE Costs Om Ava naGa Nowann or Customans Fon Preson, t

I. - CPERATIN3 EXPENSES . ELECTCIC * * " " = Maine and New Brunswick " ' " " *"* 1 n esa iii. Electrical Power Ccmpany m1fmft5d 20 Di cf mb_d_9_83 CUSTOMER ACCOUNTS EXPENSES MONTH FISCAL YEAR TO DATE {_ THIS YEAR LAST YEAR THIS YEAR LAST YEAR 3 OPE R ATION 801 SUPERVISION m METER READING EXPENSES e CUSTOMER RECORDS & COLLECTION EXPENSES M4 UNCOLLECTIBLE ACCOUNTS 45 MISCELLAN EOUS CUSTOMER ACCOUNTS EXPENSES TOTAL CUSTOMER ACCOUNTS EXPENSES _ _. DOLLAR $ PE_R_CUSTO_ME R

  • _ __ _

CUSTOMER SERVICE AND INFORMATION OPE R ATION 907 $UPERVISION vos CUSTOMER ASSISTANCE EXPENSES _ see INFORMATIONAL AND INSTRUCTIONAL EXPENSES 99 MISC. CUSTOMER S & 4 EXPENSES TOTAL CUSTOMER SERV 6CE AND OR M ATIO N Dot LARS PE R CUSTOMER

  • I ADMINISTRATIVE & GENER AL EXPENSES ,

9M ADVINIST RATIVE & GENER AL SALARIES 7 833 7 317 104 848 74 64I M1 OFFICE SUPPLIES & EX_PENSES 2 594 1 775 17 667 14 965 m ADMINISTRATIVE EXPENSES TR ANSFERRED (CR.) m OUT5ioE SERVICES EMPLOYED (3 173) 1 433 29 673 26 211

     , nd         PROPERTY INSUR ANCE                                                      1 580        1 212             15 944      13 353 ns         iN3uRIES & DAMAGES                                                         910        2 265              9 138      10 014 tu         EMPLOYEE PENSIONS AND BENEFITS                                           4 111        3 055             32 082      31 710 m          FR ANCHISE R EQUIR EMENTS ns         REGULATORY COMMISSION EXPENSES no         DUPLICATE CH ARGES (CR.)                                                  (365)         (416)           (1 974)      (2 239) 9m.1      GENERAL ADVERTISBNG EXPENSES
          #      MISCELLANEOUS GENER AL EXPENSES                                   .         101        3 148             20 633        8 154 m         RENTS                                                             I l
  .                                                                                I I                             l TOTAL OPER ATION                                                  13 591        19 789            228 011     176 811 M AIN TE N ANCE m         MAINTEN ANCE OF GENERAL PLANT                                                95            83             1 848        1 319 TOTAL MAINTEN ANCE                                                      95            83             1 848        1 319 I                 TOTAL ADMIN. & GENER AL EXPENSES DOLLARS PER CUSTOMER
  • 13 686 19 872 229 859 l

178 130

              *CCMPUTE FISCAL YEAR TO DATE COSTS ON AVERAGE NUMBER OF CUSTOMERS FOR PERIOD.

il N CLU D E 5 ACCO U N T 5 9M.2, 930.3, 930.4, 930.5, 930.8, 930.9 i

( ,

                                                                                                    **"'"a' EMARY' OF ELECTRIC PLANT-                                 Cee NT Nu Maine and Eew Brunswick                               ***EN.

[3R,ECIATION - AMORTIZATION ElectricalPowerCompanh, Limited December, 1983 21 TOTALS E ADDmONS ELECTRIC PLANT TE^R TO DATE uCNTH I %AhgTE W :=:wCE l 8 308 537 129 751 136 847 PuRCH 4E'D ( SOLO D PROCETS OF RECL A1$1FICATION LEZ ED T3 OTHERS gLS FO2 FuTumE UsE MPLETEjp CcMSTRUCTION NOT CLA554FIED

      %.72 uCTiON wO.= iN PFoo.E.*                                                       18 917   (199 650)          17 361 AClul3l TION ADJUSTMENTS ME3 ADJUSTM ENTS E                    TOTAL E'EcTasc PLANT                                       8 327 454    (69 899)         154 208 LE23 - ACCUMUL ATED PROVISION FOR DEPRECI ATION O'F ELECT A8C PL.* MT, 144 760
  • g in sE. .CE nNCLuo.N. RETi EM ENT wo== N r O .E..> 3 214 150 12 638 LEASED TO OTHEns HELD FOR FuTunt Usg
             -ACCUMULATED PmOvessON FOR AMORTitaYsON OF ELECTRIC PLANT:

IN $ERVICE LEASED TO OTHEns HELD FOR FuTunt UsE ACoutSITiON ADJUSTMENTS 3 ToTAi. acCumutATEo Provision roR oErn. * *woar. I 3 214 150 12 638 14; 760 N'r n'cTaic P'Aar  ! 5_113 304 (82 53_7) 9 4t+8 T NET CHANGE IN TOTAL ELECTRIC PLANT MONTH gTE T.Ta iM,ROVEMENT REauismONs (69 899) 164 977 TIL LETIREMENT REcussifiON. < > - 10 769 4 ZF Els- ( CREDIT ) JUSTM!NTS-( CREDIT 9 E I NET INCRE ASE (DECR E ASE) IM ELECTRIC PLANT (69 699) 13 4 /QO CASH EXPENDED ON ELECTRIC CONSTRUCTION ToTIL IMemovEMENT REOVISITIONs I (69 899) 164 977 gETilEMENT REcuessTIONS-COsf OF REMOVAL f . TOTA'  ! (69 899) 164 977 E UDC - E QUI T Y PORTION ONLY  !

             .c EY .EM E NT R Eau..ifioN.-satv .E                                               i         -           2 839 E                       c^ = " "  " = = = * " '" c'" ' c c " a " c * "                 1   (69 899) i      162 138          l w                                                                                                     ,

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            " e X o E P l                       v 6      4                4    4      4 6 l t c          E          ar       0      3                3    3      3 0 o      re       2      4                4    5      5 1 ep no       4      1                1    4      4 1 er       5      5                5             0 2

GP 0 1 1 3 3 F )S OSE R NG OOR I L 0 0 0 0 3 0 3 0 5 TP 9 9 9 A 6 6 9 9 1 A I N T 3 O I C 9 2 2 7 7 4 E K T 6 5 5 1 R R 0 1 1 2 PO EW 3 D T 3 R N i E OM FE R - NTIE OR G I N I SG E R D E I VIN M A E R O I ODU E T n C N L C S U Q R L A o I N T C Pc T O N A N D R i S N I T U Y DI E t O  : I A A T O C T R T E T c G R C E ' r A O A P "' n AC LI R o v P S R O R 'a o UV A G L T N A E H P R iR E n T N MR E Y i C E R T O O ' T v

                                                                               '  e US                             n      R N      ^     R     A  r C                H LA          n     D I

O T O T O e T O o T

  • c i

CN o I N C D D D T A R T o AI c E E E P L n T O S I e O R G R G R C E I r A V a F M F s A A A R O O a ON A ) c n C H C H H C P E . u M E c S IP L X [ a t N 0 N O N O D o E S R E t A R F S R E a n e v F L a O I S 1 t s St s u G A F S S 4 YY,~ m e v b i V R V N R f N L[~ Ai

                         ~

o O R o R O R A C c L A A R s O s e O e o C A R T - ~ P P P S T e o t NA {L' ~ ^ L

('

  • EgT,RIC PLANT ACCOUNTS
                                                  'o- ~  N'='   MEine and Ncs Krunswick          M a;T ro-            Piet No igsm                                              Electrical Power Company utimited              Decembert 1983            23 I

TOTALS CHANGES FISCAL YEAR TO DATE TO D AT E ADDITIONS RETIREMENTS 3 f ADJ sM e CR. ) INTANGIBLE PLANT Sm OR MN12 & Tion 2 287 302 Fancmists A CoNstNTh MesettL ANtous INTANGiSLE PLANT a TOTAL INTANGIBLE PLANT 2 287 ll PRODUCTION PL. ANT FTEAM PRODUCTION

 '/I)  LANo a LAho RIGHTS g    P.TIucTuats a imenovtu tMTs                   l                   l 5     Ocitta P:. ANT EoulPMENT E     tharkts & Emaiht D41btN Gtht A ATOhs                              f 314   Tu=1oor mte Atom Units                                            l
                                                                                                                                 ,g AccEssonT EtscTasc Ecuerutd7                                      l MisctLLahtous Powtm PLANT EaulPMENT TOTAL STEAM PRODUCTION                                  l NUCLE AR PRODUCTION 320 LAND a LAmo RicHTs CTaucTunts & IMPRovtWENT.                                         l REACTcn PLANT EoutPMENT                       {                   l Tuntoot%tRAToR UNITS                          l                   f 32$  ACCEssORT ELECTsic EouiPptNT                  l                   h g    miscellaneous Po ta PL ANT EQuePMENT                              l
~E                                                   i                  l!                  1 l

TOTAL NUCLEAR PRODUCTION l k HYDR AULIC PRODU T_10J L.~o a LA~o Ris Ts 584 578  ! 20 049 sai sT ucTuat a iuenovt-t T. I 911 074  ; 525 R est..oi.s. c A-s a w ATr a. Av.  ! 2 942 986 i j w.TE. w E tt s. T v..,~t s a ct ~t = ATo . p 2 362 409 i 66 938 3 034 AcctssonT EttcTs c touiPut=7 h f 333 M.te ttt A ~tous Po. . Pt A NT Eoui -E NT k 240 360_ h j , g comt. R AitnoAcs a s. oots I 73 920 0  ; g i c l TOTAL HYDR AULIC PRODUCTION I 7 115 327 0 87 512 i 3 034 I gI!igR PRoDuCIlO_'t I LANo a LAND RIGHTS  ! i sTaucTu.t. a 1=P=o,E TNT. !i 37 280 7  ! 3'2 FotL HoLetes. PacDucERS a Accesso=>t. j; 9 062  ! Paint MovtR$ 11 157 881 4 I1 ct~txAfo s li 19 267  !- , 345 Accessoav Etsct= c EcutputNT h ll MisettL A%tous Pon t a PL ANT fouiPME NT 1 549 i TOTAL OTHER PRODUCTION 225 039 , - 1 - l g TOTAL PRODUCTION PLANT  ; 7 340 366 87 512 i 3 034 I g

;                TOTAL THis SHEET                   h   7 362 653        h    87 512        1    3 034       !                   g I

i i i. I

r

 "                                                      ("'"'""'                                        " " "              "*'*"

ELECTRIC PLANT ACCOUNTS Maine and New Brunswick c 6 55 Electrical Power Company: Limited December, 1983 24 TOTALg CH ANGES FISCAL YEAR TO DATE TO DATE ADDITIONS R ETI R E M EN T S 40g $ sbiCR D i TR ANSMISSION PLANT 35o ta~o a ta~o R,c,Ts 8 301 352 sTaucTLnts a f uenovtutNTs 353 statiou Eouir t T 678 554 28 714 1 150 354 Tc*tes a FisTunts jn2 poles a FluTunts 90 963 356 ovtastao CohoucTons a Devicts 105 286 357 UNotasnov%o compui? 358 UNotnGnouho CohoucTons a Devicts I 359 Roads a TnalLs i TOTat TRaNswissics , tant I 883 104 1 28 714 1 150 I 360.1 DISTRIBUTION PLANT 360 2 LaNo a Lamo Riswis 3 61 $7mucTunts a Iwanovtu:NTs I 362 $TATIoN EQ UIPM ENT 363 STonaut 84T1tav Ect auth7 f 364 POLES. Tontas a Fiarunts l 365 OvEnarao ComoucTons a Ctveces 366 UhotannouNo CohowiT

        ,  367    Uwetnonocho CohoucTons a Otveces        l 368    Lehr Tnahstonuses I    3E6 370 3711 Stavects Marcas thstaLLaTacNs o% CusTourns' Pntuists l

l 20 622 18 791 I 3712 AREA LIGHTING l 372 Ltasto PaoPERTY og CusTowEns Patuists l 373 sTarc7 Liontiho a 5, shat sysfrus l t I 389.1 3892 TOTAL DISTRIBUTION PLANT GENER AL PLANT LAho a LANo RicMTS I 20 622 i 18 791 I I 2 SinucTunts a Iwanovtuthis 3 91 Orrsct FunwaTunt a EoulPMENT 3 489 l l 392 Taa~ PonTavios Eaum t~T 11 918 11 810 6 135  ! 393 Stoats EouiputNT 450  ! 394 Toots. Swor a GanaGE EoviPMENT l 7 447 578 i 395 LasonaTon? EoWEPMENT l 200 t 396 Powtn Cetnatto EouiPutNT l 18 654 i 397 Comuuwscarios EouiPMENT i 5 544 l 211 1 398 uisctLLahtous Ecum E~T I 14 906 i , 399 CTmte Ta%GisLE PnoPtnTT l l I I I  ! i i l l I TOTAL GENERAL PLANT Tovat Twis swtET ToTau Previous SWEET l I I 62 158 965 884 7 342 653 1 l 1 12 599 60 104 87 512 6 585 7 735 3 034 total ELEC. plant accouwTs !! 8 308 537 l 147 616 10 769 I

, WOVMT WETlWT WISIM M M 'm= m Mamincm BMeice Mr m ag

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0" '* Electrical Power Companv< Lfmited De c e:nbe r . 1983 E . TIM ATE J T E AM W NT U CHARIE3 CH A Z. E 3 TOTAL CHARGE] cit hum;ER DESCIUPTION REQUISITION AUTH R ZED THIS MONTH FISCALYEAR TODATE TO D ATE 3ALANCE 7g , yg , Completed Construction December 31, 1982 - Plaet in Service 8 171 690 Improvement Requisitions Closed January 1, 1983 'lo Operating Property 31100 Ntnor Add. & Better. - Generating Sta. - 5 000 - 525 525 1tnor Add. & Better. - Office Equip. - - 3120[0}s 3l300 i tores, Shop _, Lab., & Work Equip. - 500 - 578 578 31400' Communication Equipment - - - 211 211 Total Blankets [ - 5 500 - 1 31.4 1 314 12900 Sequential Events Recorder 15 300 - 629 629 22800 Station Battery 16 300 , 15 700 - 16 420 17 236 _22900 Spare Guide Bearing._ 51 400 - - 48 962 49 702 Total Carryovers [81000 15 700 - l 66 011 l __ 67 567 32000jf_ransportation Equypm.;nt 9 000 I 9 000 - 11 810 11 810 32900 Tanker 69 KV Line 1ermin11 ,_Andover-Perth 8 600 l 96 900 (76 293) 28 085 28_085 11100 Putchase Land for Flowage 20 000 i 20 000 - 20 049 20 049 33201 Andover-Perth - Metering 16 200 - 8 069 18 791 18 791 Tolai 1983 Spe3ifics 54 800 125 900 (68 22,4) 78 /35 78 /35 Total Closed _111 800 147 100 (68 224) I 146 060 147 616 1 Construction Wo_rk_In Prpgress 32800jb9LVLineToAndover-Perth 445 000 (1 861) 16 212 16 232 33000 Underfrequency Load-Shredding Relay _ _ _ __ _5_0 0 0 5 000 186 2_ _6_8J_ 2 685 Projects Carried over into 1984 5 000 1 450 000l (1 675) I 18 91/ 18 917 C f5secFT9WiiTEke t s -

                                     ~-

3 500 - 1 314 1 314 C1osed 1982 Specific / Carryovers - 15 700 - 66 011 67 567 Closed 1983 Specifics - 125 900 (68 224) 78 735 78 735 Total Projects closed 1983 - 147 100 (68 224) I _ 146 060 l 14/ 616 Tetal Projects Carried Over - 450 000 (1 675) I 18 917 l 18 911 Total Improvement- R_cquisitions _ _ ~_ 59/ 100 (69 899) i 164 977 l 166 533_ _ _

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( r I. I Page 27 H MAINE AND NEW BRUNSWICK ELECTRICAL POWER _COyjP_Ahl LIMITED RECONCILIATION OF PUBLIC UTILITY PROPERTY,_PER_ INDENTURE , WITH UTILITY PLANT, PER BOOK _S_ FOR PERIOD _ JANUARY 1, 1983 TO DECEFEER 31. 1983 m Addi tion _s_ Retirements tility Plant, Per Books 164 977 10 769 Deduct - Excluded Property ITransportationEquipment Req. No. 320 11 810 6 135 Req. No. I Office Equipment Req. No. 312 - . otal Deductions 11 810 6 135 Public Utility Property, Per Indenture 153 167 4 634 leduct - Non-Depreciable Public PropertyUtility - - epreciable Public Utility Property , Par Indenture 153 167 4 634 I _ COMPUTATION OF MINIMUM PROVISION FOR DEPRECIATION PER SECTION 1.04 OF THIRD SUPPLEMENIAL INDENTURE PER PERIOD JANUARY 1, 1983 TO DECEFBER 31, 1983 1 Amount recorded on books for depreciation g of Bondable Public Utility Property I

11) (Excludes office equipment) . 151 434
11) 27. Depreciable Bondable Public Utility Property at 12/31/82 7 588 251 otal--Provision for year _.111_]_61 Provision for current period January 1, 1983 3 December 31, 1983 2/12 of Provision for year (12/12 of $ 151,765) 151 765 I i t

I i

F ... L [ Page 28 MAINE AND NEW BRUNSWICK ELECTRICAL POWER COMPANY, LIMITED BONDABLE PUBLIC UTILITY PROPERTY AS OF DECEMBER 31, 1983 Bondable Public Utility Property as of December 31, 1962 - Gross 2 093 663 Additions for period January 1, 1963 to December 31, 1982 6 379 552 Additions for period January 1, 1983 to December 31, 1983 153 167 8 626 382 Deduct: Reserve for Depreciation as of December 31, 1962 815 693 Minimum Provision for Depreciation January 1, 1963 to December 31, 1982 2 537 535 January 1, 1983 to December 31, 1983 151 765 I Net Amount of Bondable Public Utility Property At December 31, 1983 3 504 993 5 121 389 Add: Cost of Financing to December 31, 1983 58 425 5 179 814 Less: < Available Additions heretofore utilized under at ! the Indenture l Certificate of Available Additions No. 1 to 9 , inclu siv.. filed 3-31-54 to 10-4-54 5 019 135 Balance of Bondable Property Not Certified 160 (79 lI L _ - _ - _ _ _ . -. _

( "oa* " Pg'R,OLL DATA - ELECTRIC car > N' aaa W ine anc New Brunswick "^a t a t Electrical Power Company 2 Limited December, 1983

g -- .

FISCAL YEAR TO DATE 29 l MONTH -l ELECTRIC DEPARTMENT , LAST YE AR THIS YEAnt LAST YE AR g g THis YE AR l OP " ATION Po nta P;;.'_ DuCTsoN 29 201 21 497 234 263 213 760 Ns m ioNa oisTRisunoN I 107 278 36 T: MEJ Accounts I  ! Es l ADMINeXanvE a GEhERaL 5 265 9 268 1 76 100 67 896 1 l 8 TOTAL OPER ATION 34 573 30 765 1 310 641 281 692 5 999 3 003 51 273 48 639 I*M AINTEN ANR Ea PuoucnoN T.vx uisT.oMa oism sunoN l

                                                                                                               -         !                 251           84 g uiNc.Tr.afiv t a c EN'"^'                                                      l                                    I                   86 I                                    I                                        f i
   -                                                                                                                     i TOTAL M AiNTEN ANcE                                5 999       3 003          h              51 610       48 723 TOTAL ELECTRIC oEPARTMENT                 I       40 572      33 768           1           362 251       330 415 E                                                                                1 l

MERCH1NDI.E. JonalNG a CohTRaCT WoRR l g N:T_ucnoN I 3 884 516 i 24 773 3 700 ' t 50 (2) 3,.E : I

    'Fayroll Billed to (from) Affiliated Coe-N#t (13 603)                                              til 61n             1        (126 136)   (101 297)

I I TOTAL PAvRou. t LTsME INCLUCED IN TOTAL PAYROLL AsoVE I I 30 853 5 845 22 665 J >J3 i 1 i 260 938 35 550 232 816 26 599

                                                                                      ]                                     l j          TIL ErulVaLENT STRalGMT TIME Hours l

TZ-L C'IERTiuE Hours INCLUDED IN AsovE LINE l r rig .: ~i SENEFITS g NINPKCDucTivE Tsut thCLUDED IN Total PatRoLL (lI IeTwE, cai { TOTAL FRINGE BENEFITS fl f NUM ' ER OF EMPLOVEES (3) l  ! EcunvEs aNo cE,T. HE*Ds . 2 2 f f

  ;W O O. - ACCOUNTING (INCLUDE BILLING l                                           ll

{ ( A. O O. - OTHER f INCLuot PaTRoLL. SzcpETapiEs t lT1 73 oEPT. 6 j l ormicTs e incluoE caswiENs. ETca Ro -:ucTioN 7 10 l j

           > wTei.ERs j       ,

6 H i Nu EEriNG DEPT. l b i.e o oisTR e INcLuoE GamaGE i ll ETEa oEPT. TOTAL EMPLOYEES 1 9 12 f I 6 5 loTIL EMA .JT PENsto**Eps, EMPLovtEs incLucED Asovt ALL CEpammENT* l Q APPLI ANCE 'RoMoTioNaL MEN l l DINCLuCEs: 6 ...Li a cE M E.c~a meisE Sat E s u t N i r L .s a s o. O.ER._ .Ev _ Es g.E_a,.T. P...o T_.. , _ .s ONLT, i g ED .N T _ vE Mo 8Ie INCLUDES PavuENTs Fom SucN ITEus as. vacations, HoLiDATs, SicR Tsut, PEnsoNat Teut. Etc. I

             ' INCLUCES PaVuENTs FoM SUCH ITEus as PE NsioNs Geoup Lire. HEa6TM ANC OTwtm Eup6cvEE lhsupahet Petw'uus.                                             ,

ahD OTHER EuPLoVEE BEa EFits ' NuusER or EMPLovEts IN SPACE PmovlDED ON

  • Paf poll C ATa Suu uapT" SHEET.

t3' CaussN AT oM CouPahits-Sao* oETAIL J' f t' .

                         ~

P ' SUPPLEMENTAL SHEET  ::==~a== Maine a-a New brensw;ck -o~n.or ~.c so. [ a .:.o Elec.tr2 cal Fewer Company, Ltd. December, 1983 30

                                                                                                     ~

DETAIL OF CROSS CHARGES KlIH MAINL FUBLTC SERVlCE COMPAM { (To be Eliminated in Censolicated Stataments) i C arre nt Calcncar 12 Months Mpntn,_ lo_Date_ To D_ ate J eluded _in_ Earn; < E.ergy Sales 5 165 604 S1 041 873 MWH Sales 17 912 126 2/9 Rental of Transm ssic- Facilities 2 380 28 560 In c l_ aded __ i n__i n p + n c e s Reservoir Rentals 5 13 993 $ 105 384 Energy Parchased f rcm MP5Co. 10 215 10 215 MWH Purchased 272 272 Inc lud ed__I n__As st _t s Balange Cross Charge from Maine Fab 11c S (43 3'4) Cross Charge to Maine P.b11c __

                                                                                                               ]6i 954 Total                                                                                   _ S ..,1 $@U I
     ,,.r.,s.e          1n <anae;an C.,ren<.

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