ML20101B692

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: ML20101B681 ML20101B692 ML20101B696 ML20108F405 ML20108F409 ML20108F413 ML20108F416 ML20108F429
References
NUDOCS 8412200467
Download: ML20101B692 (121)

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.y _.... e - -:.-..,-... _ y 4 i_. ?-l .'.i..* ",. F ' - ~ ~.... k.. ., -. '.s y..."*'... v. i i j BOARD OF DIRECTORS. Seated L,R C Hazen Stetson. G Melvin Hovey and Ralph A Brown Standing LcR Donald F Colkns. Nathan ... L..;.1 ,.c L Grass. Irwin F Porter Walter M Reed. Jr. and D James Daigle 4, board of directors '.li RALPH A BROWN G MELVIN HOVEY ," ".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,. ',._ ' !%.a.: - [ 'O 6 DONALD F COLLINS IRWIN F POATER t President Honorary Director 8k le 2q* j S W Colhns Co Casco Northern Bank. N A Caribou. Maine Portland Maine Chairman. Aroostock Trus' Company l Canbou. Ma.ne h WALTER M REED.iR 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 Selected Financial Data 1 G. MELVIN HOVEY RALPH A. BROWN 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 Eleven-Year Operating Statistics Inside p 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 $2.22 $2.07 $1.92 $1.90 $1.79 { Paid Basis.......... ........... $102,574,857 $88,639,629 $75,558,271 $68,613,583 $62,879,849 Total Assets..... 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 k y Redeemable Cumulative Preferred 4 $ 5,859,000 $ 5,964,000 $ 6,069,000 7 Stock..................... $ 8,649,000 $ 5,754,000_

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

1

President's I'etter f Fuel Supply Services were hired by PSNH to assist 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 successful start-up at Florida Power and Light Corpo- {nIy/g gp3 I ration's St. Lucie #2 nuclear plant. In addition Mr Wil-liam B Derrickson, who managed all phases of the St Lucie #2 project, assumed the position of Senior Vice The year of 1983 brought many new challenges and 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 Company's ability to sell $24 million of securities $7 which have and will continue to be implemented at the 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 completed, in service, and allowed in rate base, we ex_ Based upon these estimates. the Company's cost in-o 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 Commission ordered the Company to make a " good occurring with regard to the construction of nuclear L 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 high unemployment rate, however, we have within our Several of the Seabrook participants have an-territory an abundance of natural resources. such as nounced their intent to sell part of their interest in 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. deposits 1983, the Connecticut participants (United Illuminat_ ing and Connecticut Light and Power) offered a reso-The Company's largest industrial customer. Ameri-g 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 tion was then proposed. which passed unan:mously. the City of Presque Isle offered to purchase the plant if r requiring Unit #2 expenditures to tse kept at the lowest certain financing could be obtained. The offer has m k feasible level until fuelloading of Unit #1 been accepted by the Debtors and is awaiting approv-I- al of the Bankraptcy Court If f.nancing 's obtained. At the March t 1984. Joint Ownnr3 Meeting, four thc Company unaerstands that SPIintends to operate Owners, (Central Maine Power Company. United i' lum the plant make certain irrprovements ana hopes to inating Company, Connecticut Light & "owei Cow reach full production within several years ( par,y, and New England Power Company) sponsored a f resolution to cancel Unit #2 Tris reso'ution was again 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 Director and Executive Chan9es a 12% ($0.73) increase over 1982 earnings of $5.95 per share based on 692,694 average shares outstanding. Ralph A. Brown retired as Company Pres. dent and i 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-

?m A We are making an aggressive effort to improve our m poao communicat;ons and public relations with customers, 2as 22 2 as 2ts to regulators, and legislators; and in particular we expect s-3- N j our long and desirable relationship with the New Brunswick Electric Power Commission to contmue. k g The task of managing the Company efficiently is t 'f 8 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 -) C ]k l our Company. Rest assured that our management ^ [ team is doing their best to justify your continued con-z fidence in Maine Public Service Company. i b Y Sincerely, l G. Melvin H,0vey N 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 in' 'mation on rewn ~ data, may be found.ues, saies, and other statistical Revenues and EnerN Sales in the eleven-year consolidated 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 Operating Expenses I a is primarily attributable to rate increases over this time 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 . T and $1,800,000 in 1982. A portion of the loss in sales is maintenance than usual. Purchases from Maine Yan- ~ expected to be a5 sorbed by other potato processing kee for 1981 were recorded at 256,068 MWh. The in-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 $1S,020.231 in 1982 to $12,880,854 in 1983, whereas 'f sales to The New Brunswick Electric Power Commis-such costs in 1982 were $4,697,128 more than " ose of m sion (NBEPC) of excess electric energy that became calendar year 1981. Purchased power expense from T available because of more favorat'le water conditions 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 "-=- three years, from 509,741 MWh in 1981 to S38,805 MWh stable level. It is difficult to predict when and if m h 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 ' i crease may be attributed to increased purchases in income taxes related to accelerated depreciation of costs were $9.668 (111%) less than the previous year, versus $198.896 in 1982. This large variance of Iow-sulphur fuel at Wyman Unit 4 Diesel operating property and other deferrals totaled $1.375.971 in 1983 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. Construct lOn 1982. and 1983 = m Operating and maintenance expenses of the trans-Expenditures on additions. replacements and equip-mission system were above those of 1982 by 7.2%. up ment in 1983 amounted to $13.731.214, including al-2 7 f rom $1,047.030 to $1,121.964 Correspondingly 1982 lowances for borrowed f unds used dunng construction transmission expenditures were 2.6% higher than the of $3.162.484 The majority of these expenditures were 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 p year, up f rom $151,665 to $155,582. Administrative and a 146% ownership Additional work on William F general expenses showed a 5.4% decrease over the Wyman Unit 4, a jointly owned, oil-fired unit being op-7L 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 $310.908 for 1982 and 1983 respectively, administra-Presque Isle to Mapleton required $88,200. Improve-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 the expected loss in calendar year 1983. the Company 1983 were $2,661.612 and related pnmanly to the Company's u increased its expenses for uncollectible accounts by investment in Seabrook approximately $128,000, from $127.138 in 1982 to b $255.262 in 1983 This accounts for the 19 5% increase Construction e<penditures in 1984 are expected ta ir customer accounts expense which rose from total approximataly $16,598.700. including an esti-L $707,781 in 1982 to $845.757 in 1983 Customer ac_ mated $3,781.800 for allowance for borrowed funds e F counts expenditures mcreased 12 5% from 1981 to used dunng construction The major portion of the E 1982 total will be for the Company's share of the continuing r g construction of Seabrook Units 1 & 2, which is esti-Depreciation and amort zabon expense increased mated at about $14.430.600 for 1984 mcluding expen-E i 5 @B-by $4.582 for the year Taxes other than income taxes d.tures to: nuclear fuel T ransmissior improse-I 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 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 ($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. Company had invested $41013.054 in Seabrook Un!t 1 ' g(g j I income taxes (including deferred taxes and invest-and $ 11791.488 in Unit 2 including allowance f or bor-ment tax credit adjustments) were a positive $1.814 996 iowed and equity funds used during construchon All The current prov.sion for income taxes. mcreased the costs of common f acilities have been allocated to I r 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. The Company is unable to predict at this time the ul-received approval of only 11.41% of the ownership in, imate effect of the above resolutions on the project 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 Affiliated Companies the project voting against the measure about 33%, in-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 animously at the meeting to,ble level.,he expenditures New Brunswick Electrical Power Company, Limited, reduce t on Unit 2 to the " lowest 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 Seabrook Station Unit 2 to the " lowest feasible level" Province of New Brunswick, Canada, j,ust a few miles 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, herem referred to as Maine Yankee. Maine Yankee imum level with work continuing on the containment 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-tracts with NBEPC und?r which it purch1ses Canadian nificant changes in management structure ans 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-new management improvements are taken into watts assign,ed to it by twc other New England utilities. However, this entitlement will be reduced 1010.6 meg-(' account. 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 Power Purchased..... 12,880,854 16,020,231 11,323.103 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 Taxes: -m 999,401 993.157 905,949 Other Than income........ 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 27,624,891 26,432,830 25,341.608 [_ Total Operating Expenses. 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 (Note 1 )...................... 2,661,612 1,813,859 758.416 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{ 4 A See Notes to Consolidated Financial Statements. .= s b 7 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 WOOD-crease of $110.000 (Canadian) for the Subsidiary with 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 from a qualifying facility at Sherman Station. M3ine. 9 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 electricity from a qualifying facility to be located in been consolidated with Alternative's MPUC Docket Houlton, Maine. This petition was docketed under No. 83-303 and Sherman's MPUC Docket No. 83-264. l 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) 117.180 5.859,000 Balance, December 31,1981.. Net income...... Dividends: Preferred Stock.................... s. Common Stock ($2.12 per share). Stock issued-Common Stock.......... Stock repurchased-Preferred Stock.. (2.100) (105,000) Balance, December 31,1982....... 115.080 5.754,000 Net income..... =,'! Dividends: Preferred Stock....... Common Stock ($2.27 per share)... . : y + i Stock issued-Comrnon Stock... 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-General ance of $7,500,000 of F.rst Mortgage Bonds and $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 for constru,ct. imately 35% 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- [ur qu rt ly ports Please refur to the construction section of this re-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 1982 High Low Paid Per Share increased by approximately 5.9% to $3,938,019 from $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 tober 1,1983, resulting in a 6% wage merease,e Oc-Workers ratified a new two-year contract effectiv Third Quarter 20% - 17% 0.53 in the Fourth Quarter 23% - 20 0.53 first year and 5% in the second year. Non-union sala. 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' ,= 1 Ilg w f.[ k s / v T ~ 41 . y' ? i ~ h M I^ $.5W gg Q, l /2 -aty 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) l s_ 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): ) Electric Plant in Service............................ $ 59,949,738 $58.816,961 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............................ 812,617 557,117 Deposits for interest and dividends.... 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 Refundable income Taxes (Note 2)............................. 682,325 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 debt)................................... 486,312 197,921 596,658 599,820 Miscellaneous.......... 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 2 Deferred Fuel and Purchased Energy Costs (Note 1).............. 421,224 Deferred income Taxes Related to Deferred Fuel Costs (Note 1) 149.616 a 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: _i income Taxes (Note 1)........... 4,177,694 2.801,483 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. fx "? 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% AFDC-equity (15.3) (18.3) (11.1) 3 AFDC-borrowed funds (See Note 1) (9.4) (30.0) (39.5) = Other (.3) (.1 ) (1.6) Effective rata 21.0 % (2.4)% (6.2)% Deferred income taxes are comprised of the tax effects of timing differences for the years ended a 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 Other (51) 46 (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 December 31, 1983. The Company has an unrecorded carryforward of investment tax credits of 1 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). l (Dollars in Thousands) 1983 1982 The Company's proportionate share of the direct I Totallines of credit j expenses of Wyman are included in the corre-at year end $16,400 $24,700 l sponding operating expenses in the statements 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 Unused lines of credit Electric lant in Service $6,893 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 Electric Plant in Service $6,856 at year end 12.13% 12.41% 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 Total $5,244 $2.972 is $50.50 plus accumulated dividends. y 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 the actuarial present value of accumulated plan year 1985. In addition, the Company has a non-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-g tive option to redeem up to an additional 20,000 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 Any shares so purchased and surrendered are investment i.o the Project is required to meet fu-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 ect Units I and 11 (the Project). Public Service rate relief to maintain its continuing investment 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 in November 1982, were $5.2 billion for the Proj. 35.6% from 50%. i 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 common shareholders equitf: ~ 1983 1982 s 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 long-term debt: ~I-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 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. ) 20 >. A

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 / '\\ i 5 t 1 4 = l\\ h 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) 49.26% 45.43% 49.14 % Long-term debt........... 10.70 % 10.77% 11.33 % Preferred Stock.......... Common Shareholders' Equity 40.04 % 43.80% 39.53 % Times interest Earned

• 2.53 1.86 1.73 Before income Taxes....

Af ter income Taxes........................... 2.20 1.91 1.76 Times Interest and Preferred Dividends Eamed

• 1.90 1.73 1.56 Af ter Income Taxes..............

E Embedded Cost of Long-Term Debt (year end).. 10.74 % 8.37 % 8.28% 10.90% 9.50% 9.4C% Embedded Cost of Preferred Stock (year end). 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 Dividends Per Share of Common Stock-s $ 2.27 $ 2.12 $ 1.92 Declared Basis....... $ 2.22 $ 2.07 $ 1.92 i Pa id Ba sis......................... Common Stock Dividend Payout Ratio.... 33.98% 35.63 % 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 $ 27% $ 23% $ 15% High....... $ 21 $ 14% $ 13W Low.. $ 25% $ 21% $ 14% Close.............. Price Eamings Ratio (year end).......... 3.87 3.57 3.53 Number of Common Shareholders (year end). 3,503 3,297 3,351 r [

• 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: ~- a - _.o _.w - ."O 7: i un N s w = = E a w F 22 a F= C

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 $ 1.84 $ 1.61 $ 1.46 $ 1.34 $ 1.31 $ 1.28 $ 1.26 $ 1.92 $ 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 to t 404 zono 6A00 604 --- - 3 f .:n, s,-g y r r m g ^ = _\\_&, _V + =.; _ = = _ _ _ =._ ._._.~ m . ~. ~. ~. 23

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'? INDEX ""a' L_,, 5HEET Mmine Public Service Comptny December: 1983 i EIUE NO. DESCRIPTION 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 INCOME ACCOUNTS Pge no cou;ANY N AME MONTH oF 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 [E ^ R A yZ BUDGET ACTUAL ACTUAL ACT a' EARS gH i

remarma nevrNurs i

3 053 900 J 054 539 2 984 953 09 550 P 'n ATiNG c1PrNsas 7 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 1 5 500 169 790 295 192 (125 402) ja 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 ~ eouiTT m c A=Nmos or ;v cos i 29 200 2i 991 29 003 (1 012) o 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 82 7'8 j 27 orson iscevt ocoucticNs l l 4 200 33 580 1 402 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(

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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> l 1316 200; (295 40.) (20' 39'i 't88 010) l, En aruoc - Boaaowto rusos <catoiT, I EB e Auoni or cam oN ntecounco ot er - ca j t42 'o0i 42 :60 4 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, Q 8 053 8 696 L643) optaa,c~ uant as a s on orca at <tsur i 1 '3.1 78_2 ( 5 1) In 53 scour eteoat cxT ivrus as a s or oroa acv j j 16 2 20,/ (4 0) sa taaNmGS F(a SMah[ OF COuuCN sToCR AVG l 6t' car tomaca>Naar cE uS ll l' 45 8e 80 Og

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i INCOtiE ACCOUNTS COMPANY NJ.ME MONTH OF P/,GE NO i '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 2 12 536 600 12 880 854 16 020 231 (3 139 377) 3 11 61.0 100 9 035 905 6 868 171 2 167 734 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 :00 372 746 (693 '76) 1 066 522 S (6'4 400; (392 203) 563 410 (955 613) 'o 3 8 300 1 375 971 198 836 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 5 429 400 5 558 861 4 711 240 847 621 I is 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 3 009 341 2 190 545 818 796 26 54 500 101 919 39 435 62 484 27 600 516 510 28 18 100 (18 318) 26 011 (44 329) 2e 240 ( 61 ', 301 3o 13 400 13 428 le 428 si I 3 J99 109 l 2 911 556 1 2 ill 216 I 800 340 11 32 6 e5 507 I 6 410 41) 1 6 822 456 1 1 647 961 li 33 1 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 ^., (3 162 484; (2 964 020: (198 464) 38 (45 '60 42 '60 do 2 46, J00 l 2 136 931 1 2 te-. 0 - c, (25 099e il 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 ??.on R2n 624 so! 01A 28 706 l 4e I 5 556 100 1 5 s12 R62 4 1'c 508 1 394 354 1 49 ^H 0 825 254 612 694 132 560 so 111 241 11' 18 i5 937) 51 69 5 's 3 <7 4) e2 53 19 1 15,0 4_1 S4 ss 661.0L 59s.6c 73 4e _ h R_L-5 9EN =__ _ __'AltL ===== =-. _ _ --- i

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

I Iwcows TAats 18 998 383 16 490 514 u.: Arez-ens ATEo nETAiNEo E Ann Nas. Ao;usTEo 496 188 6 333 486 iNC ME 19 494 571 22 824 000 TOTAL "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 5 13% Preferred Stock 286 000 i ';u:TMENTS TO RETAINEO EARNINGS igat of Isruire 60 0G0 Shares 11% Preferred SLock 103 127 Jg t of Isuring 200 000 Shares of Common Stort 447 957 lNCour Tants 3 329 429 TOTAi. PP21PRI ATED RETAINED E ARNINGS. AT END OF PERIOD 19 494 571 19 494 571

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cesa n Maine Public Service Company December, 1983 4 MONTH H FISCAL YEAR TO DATE N AcruAt ruoorr i . g Jcn, AcTuat i suoorr a ,gJco, o,..u... n.v ~u.. l 3 036 066 3 032 400 l 3 666 h 33 007 069 33 361 800 i (354 731)i o r-2. i co....n u { O2 33/) (1 800)i (10 537)d (68 022) (26 100) (41 922 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 2 315 958 2 300 400 15 558 !i 21 740 949 23 477 000 (1 736 051) o,..u m,. l 4 86 985 52 400 34 585 ti 1 001 905 1 031 400 (29 495_1 .m r. . c. 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 25 0'00 25 000 H 304 000 304 000 j s... . ru.o pu,.. i p f 96 175 105 000 (8 8251 n.cou.u o secu..r... Bonds Retired 1 - 1 tl j 230 244 226 500 { 3 744 H 820 625 722 200 98 425 l o..o o p..o-ru,..no I-~ l 531 315 431200l 100 115 h 1 957 721 1 608 000 349 72_ -co. o Lady mtment_of Wyman_ Accruals ______ l u (2 342) (2 34 A _}i 3 479 6 13 1 3 632 600 i (153 181)o 31 544 229 I 33 801 200 ! (2 256 971)! rorat oroucrions } (4 5 5 88 '+ ) (602 200)! 146 316 1 1 394 818 (465 500) 1 860 318 i I n t. c. i L"U ;'v.1E.'l.','.*1='o' t '1"t N.'. 'E[c"em"' ~

• ll 18 994 205 300 l (186 306)ii (10 499)

(54 900) 44 401 i C [-- ' ~ ' ~ ~ ~ }h (436 690) (396 900) (39 990)1 1 384 319 (520 400) 1 904 719 l ..u.. ~u', 62.2..i.~,oTc,... no..c~.. e,~. (10 067)pp 68 782 110 600 (41 818]J ![ (5 867) 4 200 l 1.. n co.. u o ro or. 1. 1.. a....... 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 ' [~o~.oec W R.ucr.on ou.u... [<j",K,';jpg"] )g F W 577 872 300 i 113 277 h 10 442 228 12 356 600 (1 914 372)j MEPCO Stock Redemption i 5 500 5 500 ! i i k (1 4 20_295) (1 255 500)i (164 795) i (8 536 790) (12 309 700) 377291Q s.u.c. 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 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 I t-g 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 13 499 10 000 ! 3 499 4 5 695 341 5 290 000 405 341 sua o svoc. - Common t 1 - Preferred d 1 0 3 000 000 3 000 000 ii 1 000 000 1 000 000 t! 29 200 000 21 000 000 8 200 000 i tu.-~oru rume nenno H 6 418 6 418 4 632 731 390 000 242 731 l -r...~c...a.n~u c..no 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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JI No ccueANT Naut J5sid6F - - ~ ~-- INCOME ACCOUNTS Moine Public Service Conpany De a n% r 1985 essi e5 d [pf# h[ THIS YE AR THIS Yt AR LAST TEAR Z BUoGET ACTUAL ACTUAL 3^8 ACTUa4 =THIS YtARs lO O OvE t a 5T raraTmo nevrNuts 26 1 3 Of2 400 3 036 060 2 970 022 66 044 2 iP22ATING EXPENSES ~T oetaaToN - emesisto rowcR 32 1 258 700 1 437 638 1 755 787 (318 149) E ceta ton.orsta 35 1 062 600 806 012 518 631 287 381 s wasTcNaNcc 35 52 4DJ 86 985 71 937 15 048 l ~9 ot m cciaTo N 138 000 132 144 128 595 3 549 l k_h_ bk a 0 J AuORTIZAToN = Taxes OTson TwaN mcout TAxts 44 87 390 83 231_ 84 324 (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 l 380 00 320 $53 594 579

1. 274 026) e c erafiNo aNcoms 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 ~19 c otria co ncout rancs { (4.001 ( 4_llSJ_ (4 817) 498 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 Is7 NTEREsT ON oEBT TO AssOCIATEo couPaN:ts l ~3; oT ca mTratsttxerNsc yi i l't 100 82 572 284 643 (202 0713 5 uuoc. eCanowto ruNos iCatom I l ( 3;.t 200i f295 40' (20' 397i (88 010) cuomT. Or can oN atacouinto otst ca i I (42 760) 42 760 o 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) csinaonoiNan? Ncoms aNo ocoucfroNs i g 33 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 _.Ia 16.3 - 20.4 (4 1) 3 WCOut StFOst txt ITCM5 as a % Of oPER RCy l g canN%ss eca s-aat os couu N sTocx avo I g ss strOac c caacaosaaetus 45 8e BC Ge (34 2)c. 2 . = =. - - - - -. _ - m m- - - - = w- = --4 5. 5k 80 Oc -= -( 3 4 a.) e arTu scnaOmoNaav.tcus = = = - - - - - - - t

e I

• INCOME ACCOUNTS COMPCM Pe AUC MOCdTH OF POGE NO ssio 2 '

Maine Public Service Company December, 1983 7 FISCAL YEAR TO DATE TWELVE MONTHS ENDED THIS MONTH e"b*ocCT

• "$rb5I" AcTb5I" E^a

^$7 $Nu$t ^ A ac ^ 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) 234 310 (700 294) 934 604 e (674 4003 (392 203) 563 410 (955 613J ____ to 338 000 1 375 971 198 896 1 177 075 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 240 (61) 301 3o 29 24 300 (18 318) 26 850 (45 168)__._ 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 (3 162 484) (2 964 020> (198 464) 3e I (42 7601 42 760 do 2 390 ;00 6 2 067 614 1 2 0'(2 141 1 ( l e. 558) 11 4i e 266 00 1 6 lii 486 i L 660 426 1 1 6'1 060 ll l 42 I I 43 l 44 ds 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 73.4g_. 19.2 15.0 4.2 s3 ~R 668 Os _ 594.6e s =_== - -=== = = = St.8 0= L =-==.=.==b4l* tC = ===??Ak = - = ~== - ===== -- =.= " * =- )

mZ a E, 6s,t n_ TAINED EARNINGS ACCOUNTS c o ~~ m s -o~m o Maino Public Service Company December, 1983 8 Eo THfs M DESCRIPTION MONTH To cATE EN N H J PPiOPRI ATED RETAINED E ARNINGS. AT START OF PERIOD 16 093 018 13 660 763 [P;iO;PER OD items b l Dividands from Subsidiarv Co. (49 138) (124 752) F Ectity in Earnines from subsidiary L l IN APPOSPRI ATED RETAINED E ARNINGS. ADJUSTED i~co-e Tuts 16 043 880 13 536 011 [NcT iNCs u E 496 188 6 333 486 TOTAL 16 540 068 19 869 497 g 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 3 329 429 TOTAL N APPQEPRI ATED RETAINED E ARNINGS

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

L I

NGS ( Acc ount 216.1)

IUNAFPROPRIATEDUNDI5TRIBuTEDSUBSIDIARYEARN Balance - Beginning of Feriod 2 ^^5 365 2 829 751 i l Equity in Earnines for Year (Credit ) 49 138 124 752 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 ~ TL I I m.m.- e_ M MOWWM M y%w=^m-' )

g 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 (8 101) 133 185 State Taxes for year 19B2 State Taxes, for year 1981 _ (4 1,00) 234 310. Income Tawes - Other Income & Deductions - 409 2 Federal Taxes for year 1983 (10 475) (15 099) Federal Taxes for year 1982 i I State Taxes for year 1983 (2 233) (3_219) State Taxes for year 1982 I (12}08) (18 31_8) 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 Reamquir ed 57. Debcntur e Bondt, - 1982--410.13 1 I Abandoned Aroostook River Proj.-1983-411.12 _(1 260) (15 120) Reanq tred $1 Debenturt Bonds - 198i-411.13 p (355) (4 260) 1983-411.18 Computer In talia: 1on Computer In.'tallation - 1982-411.18 i NEiCO Projcct - 198.-411.197i _[1 446) (19 134) -410,19H 59 59 NEPCO Proye t I Ad,.st. to Rc o gnize Ope r. Lo s s-19 8 '-410,1t L 96 4'-6 289 338 __J 1985-411.it P _ (__ Adyust.

• o E c. e gn i a Ope r. Lo !:5 1 Adyust. to Recognize Ope r. Loss-1982-411..t i

Normalizat ion of AFUDC-Lor r owed Funds-1983 i I -410.18 b 79 033 703 818 Prior Year Operating -1983 411.11 ll L1 292) (.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 - 10 = - - - - - - -. =w 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 herest and Divi 3end Income - 419.01 & 419.0:! 1 830 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 nterr st - Wyman 1/4 -419.04 1 144 5 153 ciscellaneous Ir.terest -419.04 7 293 7 293 Interstate Foods - Interest -419.04 85 1 614 E I 8 576 15 545 l 3 I } Othe r Inc one Deduc tions { 220 220 _E.ossonDispositionofProperty -421.2 500 6 537 i B onations -426.1 1 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 l'T DI9 31 580 0 R 1 }h ,l l i I l _1 I i t i i r I n--

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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 10-5/87. Series due 1995 - 427.19 29 042 357 002 I Debenture Bor.ds 9-7/87. Series due 1995 - 427.20 7 999 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 I 431.10 82 044 1 063 242 Notes Payable MFH Co. & N.N.B. 431.20 266 4 837 Custcmer Deposits 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 Interr st on Coll. Securities - 431.55 23 231 I Interest Expense - Wyman #4 431.40 82 572 1 147 561 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 3)0 864 _ 2 7 9_9_1_ _ _ I I -wwm,.m.m w.+4 m.mW umm*=*er'-**' -**=--'--

• --****N4"

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ASSETS AND CTHE] CESITS l wo. w av u ama mome or m2-Main 2 Public Service Company Decembn. 1983 c smi onm tovats m:_ u g ,L l tasT a owm coe m aso mis eme 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 Od3 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 Ml NON LOCAL 138 668 - 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 NOTES l 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 l E raEeAiDi~suR*NCE I 44 642 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 h E PREUM SURVEY & INVESTGATION CHARGES i14 y 10 792 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) L_[ H01 659_280 _99 009 890__j_2 649 390 tavat aims a orms osam I l J

LIACILITIES AND CTHER COEITS cowa= <== -om cw n ot ao. Maine Public Service Company December, 1983 13 i

• mo A TOf ALS WCM M I

TMil MO=fM L Alf MoosfM (bf Cat alt) y g c,Ag s=Ani ,A. COMMON 916 060 $7,00 6 412 420 6 412 420 6 408 871 3 549 I PREFERRED 8 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 uNAmROPRIATED UNDISTRJBUTED EARN. 8 2 954 E3~ 19 494 571 18 048 383 496 188 I LESS-CAPITAL STOCK EXPENSE = REACQUIRED CAPITAL STOCK 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 g I =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 l 2 321 103 1 931 806 389 297 TOTAL ACCOUNT

• JAYABLES PAYABLE TO SUBSIO.ARY COMPANY j18 91 685 40 820 50 865 I

I OtrERRED rVEL a PuR ENERGY Costs i 4 21 2J4_ 493 532 (72 308) DEFERRED iNC. TAXES RELATED TO rUEL I DIVIDENDS DECLARED AND CR ACCRUED 19 1 761 559 761 559 l I I I CUSTOMER DEPOSITS I l 73 185 73 t52 i (267) T Arts ACCRUED I 74 i 1.% 607 202 %5 I (1R 91RT g. 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 DuERRED INCOME TA>Es i I ACCELERATED AMORTI2ATION l 60 436 I uBERAUZED DEPRECATCN 3 326 317 l I 4 177 69s 4 012 223 165 471 OTHER Taxes 119 l 790 941 I i i ( o, 1 3 220 996 3 2h2 268 (41 272) DErERRED iN VESTMENT tax CREDIT i19 i 3* uNAuCRT ZED eREwuM ON DEBT i CUSTOMER ADVANCES FOR CONsTRUCTCN 75 734 I OTHER DEF ERRED CHLuis 16 i 197 051 l 1 l j 272 785 309 065 (36 280) I __j j -- -- - - --. j 101 659 280 99 009 890 J----2649 390- - - - - - - - TOTAL UABMTIES & OTHER CREDITS _z LESS CURRENT MATURITIES I I

SHEt N CC E S ~ ll ALA 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 ) []M(edB[E_1A. E ow7r~~Co11.t t. - E[qdt y in Earnings 3to 12/31/82 1 123.10 1 3 028 895 l I Me. & N. B. Elet. Power Co. t td. Eqt_sity in Earnings.jto Lin. I to 'Date 123.10 l 124 752 3 980 931 l' l l 1 Maine Yankee Atomic Powe r Co. - Common Stot.k 25 000 shares 123.11 i 2 500 000 I 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 L Maine Electric Power Co. InL_ _ Common Stock 714 Slla tes L23.12 i 71 400 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 i 124.10 !436 Shares 516 j p_ Depositors _ Corporation Maine Potato Growers Inc. i 124.10 l7 Shares / m Presque_Ifle.Ilotel_Qompany_ [ 124.10 i6 Shares 300 124.10 16-1/27. Debenjure 10 000 g Washburn Industrial Development Corporation

_ Colby C qper_attve Starch gonpany 4

124.10 110 Shar es l 1 000 k I 124.10 !22 sharen i 22 i Pantry Pride Inc. l 11 845 i I! l l I I u _ _ __ _ 'Sp. sial Degosi_rs y i i i ,CDeposit with Trustee - Interest Payable [ 132.14 j l 49 281 i 761 559 Dividends Pavabic i i 133. ' i g L De p it with Trustee - Real Est ate i 134.11 i 1 352 j 134.13 l Preferred Stock Purchase Fund l American Airlines Travel Cards 134.16 i 425 i i i j j 812 617 i i I l f 6i ' Pro l_intn a rv Survev and Invf s t i cat ion Ch ar ce _2 I I 183.10 u_ Curt._nt._Yean for_Nex LYear ExpendiLJIe 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 l l i h l l 1 0 i l l i m r q g g

M M M M M M m M M M M M M m m m ""'" ' a a " * "oa" *

• aA DETAll OF BALANCE SHEET ACCOUNTS Maine Public Service Company December, 1983 15 c ox,,,

I ~ f Charges Prorates DESCRIPTION AND REM ARKS Account Annussl Fiscal Accruals $7,((yg ^"C 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 181 462 186.184 l 18/ 957 l 187 957 '_ Cost of financing - Common Stock - 200 000 Shares 4 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 i 4 601 1 4 601 l Computer Feasihtlity Studv 186.20 Storm Costs - Dec e:r.ber, 1983 186.25 26 2S I 46 145 46 145 u Po..tponed Caribou Projects - IR 93100 & 91200 186.27 29 185 i l Overhaul No. 1 Steam Botter 512 1, 186.30 { f. 500 5 521 5 521 i 2 i Overhaul No. I Steam Turbine 513.11 186.31 1 6 030 i 3 5/4 3 5/4 6 500 3 9/0 3 970 ? Overhaul 50. 2 Steam Boilei 512 1F 186.32 t Overhaul No. 2 Steam Turbine 513.1 186.33 128 000 118 483 l 118 483 t j l Diesel Engine Repairs - Caribou 553.1[ 186.40 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 47 909 186.52 1 30 000 5 025 l 5 025 Pole Inspection & Maintenance 569 i I I i (et_Ligi t ing _ Group _ Replacement 585 186.60 I 8 000 I / 641 1 7 641 I !__St: t 1 t ?crichts afet v I n s pectiert 3 'i3_; 186JO 45 000 l 35 146 I 35 146, 18 643 l ESOP - 1983 Carnforward 186.813 i 18 643 f l l ESOP - 19S1 Carryforward 186.811 (295) ! i 72 037 i 186.812 ! I 222 1 9Q_J.15 i i ESOP - 1962 Carryforward 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 l j Rate Case - Retail - MPUC 928 186.92 i 480 000 26 969 26 969 _ I 1 Rate Case - Wholesale - FERC - DKT 200-000 928 ; 186.93 t 84 000 3 916 3 916 I L

i 1 M;L MLAMSHEMC6 M M W~M M M W W ' "M' W M '"M l Muina Public S;rvicD Comp:ny D:.cemb r, 1983 1(1 o wn ra 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 l Clearing,Ac ount - Penny Elimination 186,95 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 P5 Nil - Wheeling - Int ervenor S tatus - DKT ER-141 186,98 i l 833 l 833 i 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 l t Preferred Stork l l 6 580 Share. Par 950. 4-1/41 204.12 t i I 329 000 i 204.13 .' n 400 Share b Par $ 50. 9-7/87, i i t i 1 320 000 t 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 t i i g r i m on C.spitai Stock I i l i 6 227 973 i Cerrun 207.11 4-N4'. Preferred 207.12 i i i 9 7/8% Preferred ~ 207.13 l i i. U7 Preferred 207.18 I i i f } 6 227 973 ~ i i l i IGain on Cancellation 01 Re uquired Stock I j i 4-3/4I Preferred 210.12 i 243 579 9-7/81 Preferred 210.13 i i t i l t i "'243 579 i i l I I i l l j l , Notes Pacable i Manuf acturers Hanover Trust Company 231_._1_0 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 ' eam or e+ aC DETAIL OF BALANCE SHEET ACCOUNTS i"=a ' aa" t l Maine Public Service Company December 1983 17 ! C*'" ? 0 DESCRIPTION AND REM ARKS h Account First Current ,",h^1CEj0 ^ f o, t 4 Number Payment Maturities LTD Total { l l j a,t Mortgace and Collater al Trust Bonds 10 1/47._ Series due Sept. 30, 2004 9 221.10 9-30-85 l 8 0U0 000 8 500 000 I i 7 4-3/4~., Series due Dec. 51 l995 s 221.13 l 1 25 000 2 075 000 2 630 000] m 20 000 l 1 440 000 1 460 000 i.iSI dertes due Jan. 31 1985 4 221.14 i 20 000 l 1 520 000 1 540 000 5-1/ 21 S e r i e s_ d ue_Aug._ 31, _199 0_ g 221.15 13-7 /8'. S e r i es due Nov. 30 1992 a 221.16 j 11-30-90 t -l / 000 000 7 000 000 1 7-1/h7. Serie. due April 10 1998 ] 221.17 i 40 000 t 3 400 000 3 440 000 i u __/,957. Series due_Feb. 28 2003 f 221.18 l 1 25 000 1 2 250 000 2 275 00 0 a 221.19 i 120 000 6 3 160 000 3 280 000 t t 10-5/S! Series due Aug. 31, 1995 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 14 ~'. S e r i e s du e Feb. l_ 1940 j 221.22 l 2-1-90 i I 9 000 000 9 000 000 t i 54 000 ; 9 918 000 l 9 9/2 000 ! i i t i 4 j Ac ounts Pavable Vouchers 232.10 i l l 438 886 3 Salaries and Wages 232.11 t i l i 32 249 i Salarie, and Waees Accrued n 232.12 5 232.21 j i l 890 i Emplovce Savines Bonds Emplos ee-Stock Purchase il 232.22 j i j 3 338 ; i:nited Wav a 732.23 1 i i l l l r 232.31 Group Insurance Voluntary Accident Insurante a 232.12 i I (23) 4 232.33 l Union Dues d 232.81 i I Account Payab_le g ork Comp.) 1:nvouchered Liabilities 1 232.90 453 152 i k 232.91 1 i i 18 643 t ESO P_ _ d 232 92 i __ Wyman_14_cest< 24L50 i 1 51 871 i qate salec Tax 241.51 1 l 16 668 I State Witnholding Tax i Federal Withholding _ Tax f 241.61 i Social Security Tax 241.62 Vacatton Pay J 242.10 i l 319 700 242.50 l l 3 544 Lnclaimed Dividend Checks Insurance Accrted 5 638 I j l 1 345 156 t J i i I

ALA.WSHEtWCC S E D IL 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 [Long Term Debt 1/41 Series - 1st Mortgage Bonds it 23/.10 j i 204 999 i Long Term Debt 3/47. Series 1st Mortgage Bonds i 237.13 i 49 281 i L Long Term Debt - 3.357. Series - 1st Mortgnge Bonds P 237.14 l 20 380 i 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 5 - ~ i I I r q i q n__ r-. ,. _ _ ~ ,-e e-- - - + = m-.----- gy.m

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9 MAINE PUBLIC SERVICE COMPANY Pcg3 20 COMPUTATION OF FEDERAL AND STATE INCOME TAX MONTHS ENDING DECEMBER, 1983 Account Adjustment Number State Federal t Income Per Books 6 333 486 i Income Taxes, Utility Operating 409.1 _ 23_4_310_ (18 _31_8)_ g Income Taxes, Other Income and Deductions 409.2 _5 623 881 E IDef::rred Income Taxes, Utility Operating (8 343) 410.1 Defarred Income Taxes, Other I&D 410.2 24 958 Deferred Income Taxes, Utility Operating 411.1 (4 640 113)_ 411.2 _ J 2_4 ] 1_8)_ IDeferred Income Taxes, Other I&D Inv:stment Tax Credit - Utility 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 IWithholding Tax on Dividends from Foreign Subsidiary Book Depreciation 403 1 618 459 1 618 459 408.22 _ _ __ _ _ Book Accruals fot} Bad Debts (Dec. Only) 144 _255_262_ _ _ J55 262 _ 404 44 44 j IAmortization of Conputer Sof tware and Land Rights Amortization of Installation of Rental Water 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 " ~ ~ ~ ~ ~ I Amortizat. ion of the Arcostock River Project & 186.88 34 530 34 530 188.30 30 3_gt0 30J60___ i Total 10 001 39 _9 10 001 399 Iduct: Tax Depreciation 1 928 371 1 928 371 T:x:s Capitalized 53 489 53 489 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 56 561 56 561 i IDomesticDividendReceived( P:nsion Costs Capitalized 837 X 857.) Part of 419.01 711 711 Capftal Gains Adjustment 421, 421.1 & 421.2 _ _xxpedt_ _ _ _ _ 3_30,_ 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 ~ ~ 7 929 - r -LossonRetirementsof1981ACSRProp.]37979 3 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 1 487 945 1 475 092 Net 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) 3 965 175 000 @ 8.337. (1/12 Per Month) 14 578 Balance @ 8.937 110 548 Total State Income Tax 129 966 129 966 1 345 126_ Net Income for Tax Purposes Tax Computation for Federal Income

Purpose:

25 000 @ 157. 3 750 I 25 000 @ 187. 4 500 25 000 @ 307. 7 500 25 000 @ 407. 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 ! Eg 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 1981 719 966 72 037~ 512 482' 207 484 72 037 1996 I 901 153 90 115 1997 1982 901 153 90 115 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 I Miscellaneous Domestic Dividends (419.01) Cash Dividend from Mepco (146.16) ($ 9 118 X 157.) 1 368 1 368 ($ 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: I Withholding Tax on Dividends from Subsidiary (408.22) xxxx xxxx 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 f Institutional & Goodwill Advertisina (426.6) 31 74 '+ 31 744 " 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) IAccountsPayable 232.91 1/11 512 482 (36 772) I l

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

DETAll OF TAXES ,o p cc r:.~r ~c e -o r or l 24 Main 3 Public Scrvico Company Decembar 1983

• " " 'l t

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 1983 (10 334) 97 966 State - 1982 1981 - 1980 1978 3 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 f_ D Federal - Unemployment l 79 192 Federal - Highway Use l 219 (1 310) I l a i_ State - Unemployment i 298 716 f State - Excise 231 I

• State

- PUC Assessment 2a Forest Fire Suppression Tax 93 g Wyman Real Estate 1 13 132 21 707 y Seabrook Real Estate - Education Center 136 (322) [T7

• Seabrook Real Estate - To Construction l

2 559 2 559 16 005 52 958 Local Real pstate and Personal Property ' ' ~ 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 Charged to Construction ll 2 559 a e7 Total I 85 640 1+ ; l IoltherIncomeDeductions b s0 I Non-U tility Property l 41 lci l I I_z' 3?ayro11 Taxesw I i idd Connruction & Retirement Work in Progress 1 756 Other Payroll I 5 044 l's l 6 Total l f, 800 7 l E e PsPrmpaid Taxes i 1 310 t 184 607 _ l 18accruedTaxes i i l {WSA oes not include Seabrook and Wyman I D 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

.DETAll OF TAXES co """ "a > ena so Maine Public Service Company December. 1983 25 AMOUNT OF TAXgG AMOO*dT OF TAKES B ASIS OF TAXCS - THIS YEAR I SAME MONTH FISCAL YEAR TO DATE VALU ATION OR B A$ls (A) TOTAL RATE LAST YEAR THis YEAR LAST YEAR TYPE AMOUNT (E) TAXES l 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 12 392 16 216 E 20 800 18, 10 1 165 1 245 E 200__ 2.1 69 35 099 24 249 E 29_400_ 2' 590 6 666 6 945 l E 7 0_00 22 I 31 152 I E __fo 700 3 879 2s 185 i 24 12 548 80 256 76 673 as I ze (2 543) 136 109 85 352 7 868 90 650 i 27 55 122 l 667 297 651 590 E 786 400 as I i i i as 174 884 1 055 970 1 126 340 l 1 139 100"T A I st (196 954) I 1 272 005 452 896 I I 139 100 sa i l I as i 1 1 34 84 324 l 958 660 957 435 ll l ss I se 85 352 1 7 868 90 650 I 37 169 671 1 966 528 l 1 048 085 i 1 i so I 'i as 41 i 516 516 1 4o l l: l 1 4i l! i' I I 42 I I I 43 I! I 2 056 1 34 502 28 813 i I 44j 4s 3 111 1 52 082 48 926 1 de 5 167 I 86 584 77 739 47 l 4e l l de Ii l so I i + I l s' t I!

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lPERATING REVENUES AMD SIATISTICS c:* w = =i = aim i n ELECTRIC sEs Maine Public Servica Company December, 1983 26 i [ l WONTH l FISCAL YEAR TO DATE E Budeet I ms vtu tast nas I ms ma 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 au toim:.. 26 300 23 649 23 695 262 111 254 072 E eur 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

scitu*ous si a u twts 6 100 9 759 5 216 79 046 74 994 B asi 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 T TOTAL 0iHER OPERAnhG RDINUEs 37 600 1 31 947 25 411 1 233 548 233 719 } TOTAL OPERAriMG RDEkUES 3 032 400f__3 036 066 2 970 022 1 33 007 069_ ll_Q59_22L Iuo ELECTRICITY soto. rm I 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 aui rumc s:aar aican ton =c 230 1 226 225 2 707 2 733 a.a tormc.. 190 1 177 181 1 976 2 036 T uar 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 1 530 1 595 (65) 1 552 T rac sair a ac a touc 1 l onsa rac wants i 8 8 8 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 f svaa es uturs m sa.ci 31 338 30 956 I XXXX XXXX E u sa e' inn touro i 41 47 I XXXX XXXX i 7 i l i .l 12 soms 12 moms Pa rtist ties mom rtcut g .u.. ..as, m,,u. m,,m. ..ms, E AVER ACE USE PER CUSTOWER EMH lusava I 587 569 3.2 6 295 6 222 1.2 E cc.aca s awa n._suu 2 268 2 200 3.1 1 24 103 23 642 1.9 g E c:voica a mxu=4-tuce 486 722 563 889 (13.76524 222 6 110 278 6.8 g 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 7.35 7.15 2.8 7.32 7.05 3,8 r inaux 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 285 569 335 028 3 238 369 3 645 229 C&I - Small (Exclude Fraser-6 MWH)* 195 382 233 024 2-205 532 2 467 929 C&I - Large 162 946 231 156 2 315 459 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 Resale (Excl. NBEPC'- Me. & NB) 27 230 26 875 295 381 279 753 I Resale-NBEPC (All Periods - Analysis) 107 856 2 191 689 525 327 028 & Me. & NB Total 874 377 939 912 9 774 929 10 398 987 BASE REVENUES EXCLUDING ABOVE FUEL Residential 820 933 741 133 8 664 032 7 703 273 C&I - Small I 473 826 453 480 5 157 543 4 612 994 C&I - Large 241 563 274 408 3 218 874 2 853 957 Street LightinS 29 509 28 876 350 202 319 828 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 4 527 4 742 54 929 60 800 Area Lighting 3 547 3 813 40 085 45 152 Sales to Puolic Auth. 94 662 94 772 963 350 1 048 526 Sales for Resale (Excl. NBEPC & Me.6NB) 184 286 294 088 1 893 996 2 186 726 I Sales for Resale - NBEPC & Me. & NB 112 708 2 191 _ 694 377 327 028 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.

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

I E,XP NSE AND INCOME ACCOUNTS DETAIL QF REVENUE. OPERATING C O,,,,.,,, c o m s,. o, .u. Maine Public Service Company December, 1983 28 DESCRIPTION l I THIS YEAR LAST YEAR THIS VEAR LAST YEAR '47 SALES TO OTHER ELEC. UTIL. l HOULTON W ATER COMPANY 276 107 337 764 2 954 881 2 841 246 NBEPC 115 731 2 286 922 468 459 223 I V/.N BUREN UGHT & POWER COMPANY 71 574 SO 931 710 670 773 398 L EASTERN ME ELEC COOP. MONTICELLO 1 943 2 127 18 651 18 709 EASTERN ME ELEC COOP LUOLOw 21 636 27 014 221 195 231 827 g I 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 VAN BUREN UGHT & POWER COMPANY l 1 570 1 617 15 743 16 528 I EASTERN ME. ELEC. COOP. MONTICELLO l 39 38 379 ,379 EASTERN ME ELEC COOP-LUDLOW l 466 469 4 896 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 AVERAGE UNIT R ATE. C KWH l l l I 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 4.64 5.76 I

4.52 4.64 i EASTERN ME ELEC COOP.-LUOLOw E! STERN ME. ELEC COOPcPATTEN 4,62 5.61 i 4.47 4.62 Maine & New Brunswick 3.02 i t 3.02 I Total l' 'l' i c '8_ ! 3.69 4_10 I I I I I l' l I I I i I l i L I i I i l i .) { 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 w e -om or oc = + Et, PENSE AND INCOME ACCOUNTS l. _ _ _ - '=a -- December, 1983 29 Maine Public Service Company u m" ~ ] 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 1 141 126 112 442 I International Paper (Moody Chip) 1 961 8 353 50 347 Great Northern Paper Co. - Portage 15 621 15 149 160 633 173_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 4 147 l

27 326 __54_15_6_ R.T. French 3 738 l 11 930 McCains - Easton i 97 420 84 627 1 1 019 614 ._ _327 927_ ^*wJ.M. Huber Corp. l 51 616 10 686 i 412 449 21 299 I -* Interstate Food Processing Corp. i 30 954 29 646 I 354 561 317 908 Internation:1 Ref rigeration i 7 841 9 328 I 115 414 113 004__ 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) - U $44 Great Northern Paper Co, - Portage 338 306 h 3 334 3 722 Pinkham Lumber Co. - Nashville i 1 292 1 184 l' 14 707 .3 316 432 187 0 4 171 2 364 Levesque Cedar Mill - Ashland I 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 8 197 7 213 I wInterstate Food Process ing Corp. I: 740 690 International Refriceration li 173 183 2 436 2 382 (26 h 3 968 5 424 Colby Coop. Starch li 280 _ L&S Sales P 286 I 263 2 855 2 958 I 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 I

• Former Great A&P Tea Company Planc Site.

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 l FISC AL YEAR TO D AT ~ ~~ 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 i P.I. Housing Authority-Davis St.l 3 041 3 189 32 211 33 937 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 Connors Nike Site I 64 72 1 650 647 f. Total i 4 726 4 496 l 47 372 i 46 792 l I I! I f It i ii Il I i ii i: i g { g i 1 I l I m q = i f I l lE l' j ,5 !l L j I! i I I I .l l l l= I u i '3 i 7 E I 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 Maine Public Service Company December, 1983 31 esso c A FISCAL YE AR COMDANY MONTH ^ APPtANCES pgNTH TO DATE M ARnETING 10 DATE UMT SALES %S VE AR hAST TE AR ST ATJSTICS THIS TE AR . AST VE AR THts TE AR.ASTTEAR BY CEALERS T He5 YE AR LAST V E A s-RANGES 11 7 117 153 HOME HE ATNG R ErRiGER AToas 10 4 120 156 RENTAL LIGHTS I FREEZERS 13 20 212 23] CRVERS 12 7 95 7E W ASHERS 13 11 132 11C I W ATER HE ATERS 12 2 198 165 orSHw ASMERS 52 3L 225 21E MICRO w A<E OVENS 557 290 1 651 893 COMPACT OR S 7 4 40 I 4 b8 6j IJ A)R CONDfTC NERS Tv COLOR 90, [JQ O_b 93 T V BLACM & W HiTE 17 50 49S 375 I EST YR REV NEw INST ONLY 19 30510 60p49 211133 461 I OTHER STATISTICS "o ~ m '2MonmENo~G THIS YEAR LAST YEAR THIS YE AR LASTYEAR I R E SCE NTI AL ELECT RiC HE ATING ST ATISTICS 116 784 98 746 1 022 610 902 605 R EVEN UE I MAH 1 610 1 393 14 045 12 844 CUSTOMERS 1 289 1 134 1 219 1 067 AVER AGE USE kWH 1 249 1 228 11 522 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 MPAN5NAME MONTH OF PAGE~ C ge a,PLEMENTAL SH E ET Maine Public Service Ccmpany December, 1983 32 i j (EN T S PE R flWH MONTH FISCAL VEAR TO DIVE PURCHASED POWER - 5

CURRENT LAST THIS YE AR LAST YE AR THIS YE AR t.A5T Y E AR 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 1 343 811 10 309 9 722 OIESEL. CAPACITY . 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 4.50 4.35 280 797 374 649 . 2 594 491 3 036 662 l . FUEL 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 l . FUEL l I b.8b b. 874 2 099 1 552 ! ( TOTAL eANGOR HYDRO ll l i l i l 4 lmn i l i i I I !f 4 [ Emeceration - Windmills j I _ J 4_)_ _ j. 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 3 c I h l ll E 'l i P l i l l E5 I h I r T t '~ ~ 9 L4 -J

. SUPPLEMENTAL SHEET Maine fablic Service Cggpany Decem_her 1983 3.3_- 4 uo-2 e 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 4.92 5.14 2 885 8 962 39 508 72 254 . ECCNOM. EN E RGY N.B.E.P.C. OTHER EN E RGY 4.24 4.60 3 535 3 140 30 283 42 052 j I 3.61 4.57 407_ 2 892 8 306 23 434l - 5CHEDULED & EMERGENCY TOT AL N.B.E.P.C. 4.52 4.88 6 827 14 994 78 097 137 740 l M.E.P. CO. - FUEL E NE RGY 4.21 5.43 6 245 8 618 61 555 71 406 I 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 I MONTAUP - FtRM ENERGY l COGENERATION - WINDMILLS 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 l i 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 h E TOTAL SYSTEM INPUT 60 995 56 756 637 694 596 972 '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 Eg 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 l 3 DAv Tuesday Monday Tuesday Monday g 7J E i M i i thj u $ L U1 d

,; g OPER ATING EXPENSES

SUMMARY

o,,,,, E LECT RIC Maine Public Service Company December, 1983 35 m uA ~' l FISCAL. YEAR TO DATE %*,d,P f~ MONTH "$d" l THl1 YEAR LAST YEAR l THl$ YEAR LAST Y E AR 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 .02 .01 l 8 462 4 758 83 576 51 268 HYDR AULIC POWER GENERATION .02 .02 8 538 9 802 77 053 86 721 OTHER POWER GENERATtON OTHER POWER SUPPLY EXPENSES 2.63 2.91 1 375 104 1 419 143 14 501 351 15 479 215 I TR ANSMISSION EXPENSES .17 .17 86 960 84 767 1 014 648 953 476 oiSTRieuriON EXPENSES .10 .11 50 398 56 055 528 593 567 880 ICuSTOMER ACCOUNTS EXPENSES .22 .16 112 995 77 151 845 757 707 781 CUSTOVER SERVICE AND INFORMATION .03 .04 l 16 875 17 740 155 582 151 665 I .65 217 572 315 798 2 432 514 2 613 533 f SALES EXPENSES .42 ADYIN. & GENERAL EXPEN5ss TOTAL CPER ATION 4.30 4.66 2 243 650 2 274 418 I 22 385 860 23 268 156 M AINTEN ANCE STEAM POWER GENERATION .04 .04 22 240 18 627 262 268 208 316 NUCLE AR POWER GENE R ATtON 1 (3 823) 867 84 007 53 504 HYDR AULIC POWER GENERATION f THER POWER GENER ATION . 01_ _ .01 4 710 _3 825 37 937 45 946 TR AN5M15510N EXP EN5ES .02 .0L 8 143 6 947 129 609 116 117 oiSTRisuriON EXPENSES .10 .07 51 457 35 967 445d26_ 403 466 .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: STORES EXPENSE _ 163 4 334 13 432 107 867 113 532 I TRANSPORTATION EXPENSE 184.2 45 362 36 367 i 437 342 537 334 ENGINEERING EXPENSE 184.4 16 119 17 548 ll 242'569 198 210 I GENERAL OFFICE EXPENSE 184.6 ti 3 846 4 037 3 45 899. - - -41 429 _I I ll l T =. I I I I-

MARY CF POWER PR"DUCTIT.N to... ,,..c .o 2 or ,a g PENSES Maine Public Service Company ,De g er. 1983 36 zi i MONTH FISC AL YE AR TO DATE PRODUCTION OPERATING EXPENSES ,,,,y,,, L,,,yg,, y g,, y g, t,,,,,,, ~ ToTat sTtau eowca oc~taaTm 388 986 307 831 3 009 054 2 862 933 l E I TOTat NUCtcaA poWca GcNcRaisoN 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 7 085 5 227 53 189 46 322_. u u*u c.cscaaTco caoss 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 TOT ALMWH OUTPUT TO LINES hET 58 184 53 909 l 613 004 572 500 g 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 I 52 307 48 867 581 797 540 694 TOTAL Mws ACCouwrEo rom '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 i 364 668 409 696 3 694 784 3 775 176 eL cAraciTv i 246 336 99 484 2 272 895 1 646 063 ss3es ruct 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 14 364 9 167 196 579 143 711 g o, r.scrco w ccu~c 2 w s: asset TOOR;ENT i 9 437 9 382 113 243 lox 181 j 3 Tot At oEtsvEREo Cosv oF MAINE V ANKEE PC*ER k' DD1 Db2 i 552 065 11 6 589 279 5 465 3M 1 M AINE ELECTeesC PC*ER DELIVER Eo COST f l It 83 128 68 234 788 360 838 835 e JM u cApaciTv 280 797 374 649 2 594 491 3 036 662 us, ruct 1 w ccu~ccosTs (11 774) (1 2111 l Eni suppoa*or uteco unc ses o, ~c, caco wwccu~c 4 719 6 290 1 44 423 49 577 1 I e m 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 58.0 55.8 I svstru toao ra:vca <sasceo co ~ cast eo 65 8 64.4 I 10 683 10 805 10 588 10 803 aru rsa r.cr **w c.cscaaTco ruct cost cc~Ts eca cf nus ocscaaTEo l 5 17 5.53 s J2_ __ _l 5_3 j J (- u svsico ocao,actoa 12 w o esxo 55.8 _ 58.0 1

• Prier Year restated to recognize

%E $c COSTS anc 'Neu.MD ON 65 6c 20.NC es2O fi7 the Inadvertent Energy, t

PO' cc-^" "*"* o cu,NER PRODUCTION EXPENSES Maine Public Service Company December, 1983 37 z TYPE -- STE AM I __ STATION - Caribou MONTH I FISCAL YEAR TO DATE STEAM POWER GENERATION OHR A.TLOlt. I 500 Orca.Tica so,t.visio~ a Emomaanma 7 925 9 900 105 547 108 423 12 110 16 340 36 909 51 107 50, rueu 6 949 7 428 78 118 86 597 302 src. Ei c~ses I 503 Straw racw Otwrm souncts 504 Sit Au Taa%sr ta;itD-CR. 6 464 6 824 79 283 73 530 sos Eucra.c Ei,c~ses we u'scrt'a~aocs srcau Po-ca Ex c~sas 5 377 6 878 58 377 73 574 I 507 RE~Ts 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 uamrta=~cs or st=ucTuaes 486 4 758 3 170 si2 uustes.~ce or emta PuuT 461 2 613 ll 16 838 24 401 sia uamics.~ce or Euctmc P A~T 7 798 1 070 II 124 704 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 I 10.49 4.59 l 102.73 44.42 I 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 eru Pea sef xws ca maavio 23 984 22__209_, 66 659 42 671 l I run Cosr-Cc~rs Pen SET KwH Gr~anarco 96.88 92.32 11 1R_L11 176.84 i OTHER POWER SUPPLY EXPENSES OPER ATION Pu c-c o Poata

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

9 774 11 108 128 890 118 257 sss sysrc Cc,~1.ot a Lo.o ois.ic m. l 557 Ornta Empt~sts l (72 308) (347 752) 644 911 (1 357 278) ss2. cErEu.Ee ruu tgEssE TOTAL OTHER POWER SUPPLY EXPENSES i 1 375 104 1 419 143 ll 14 501 351 115 479 215 I Cests Ptn KWH Puncwasto j 2.68 l 2.89 li 2.58 I 2.93 TOTAL POWER PRODUCTION EXPENSES j l l! l a 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 L I

• Fun ~'sw DEta*L o~ & ES6C 2A I

am I -o~r u WER PRCOUCTION EXPENSES co

• ara =6 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 4 274 2 590 22 394 17 827 a

atta= rn,<~sts 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 ~ l for n r r. L i TOTAL OPERA 71oM i 327 921 241 834 2 388 552 2 261 186 3 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_ i wu~rc~a~ct or st=ucru.cs 617 444 4 308 3_M2_ 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 34 muset,.a,.ca or wisecua sous sisau PLaur l 573 757 4 564 4 650 I l [ 7o74LMAmirnance 1 9 133 10 507 I 72 215 79 951 Cthis Ptn NEr KWH GENtnarEo l .15 .25 I .16 21 252 341 l 2 460 767 2 341 337 p vorAL strau Powr= castnation N 337 054 l 6.07_ 53 _ 6.18 l caurs Fca Nar Kww craca rto ll

5. 61_ _.

4 279 45 788 39 062 uws ot~anano-c=o== 4 6 213 g "*"5' ~ " ' ' I 202 122 1 409 1 186 E l uwH oestaarco-Net i b_QL1 4 157 __ 44 379 ____ X fG 6 __ 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

1. 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 306 439 223 287 2 268 332 2 147 655 Fuel Additives 1 218 319 5 536 3 575 fr152 274 185 1 949 1 047 j I Expense cleared from Acct. Total Fuel Expense, Acct. !501 307 931 223 791 2 275 817 2 152 277 I D I D I I I _s

.I,ima"" co e"' "' ' m t "" PO\\.YER PRODUCTION EXPENSES Maine Public Service Company December, 1983 39 _ STATION - Caribou TYPE - HYD R AULIC I MONTH j FISCAL YEAR TO DATE H)DRAULIC POWER GENER ATION THis YEAR LA ST Y EA R l THIS YEAR LAST YEAR OPER AriON I 613 834 8 656 9 710 s3s e ia.r.o svar m.o a E,... 1 53 53 I 336 W.vE m r om Po* E. 977 l 4 444 2 648 337 Hv en.vtec Empt~sts I 491 525 6 071 5 581 s3s Eticia.c C. s s 339 Misc H voa.utic Poet a GE, t Rarso~ E aPg.iges l 266 130 l 3 147 1 931 I 1 e4o n ~,s 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 f l mAINTEN ANCE I 415 440 7_101 5 090 s4i u ,~11 ~. c. su c ..s.o. a E,.o i ~i t a i ~ a 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 i 220 232 8 483 7 719 s44 u..1c~. cc or Ete.va.c et r l 47 2D3__ 54s u..~rc ~.~c e or u,sc. sv e.v usc eu.~r l total m AiNTEN ANcE I 6 258 672 li 25 018 24 234 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_) 90 .78 A I uw s oc~en.rco-caoss i 406 577 i 5 308 5 655 l 2 2 1 24 22 uws sr rio,. use M WH GENER. RED-htr i 404 57s t 5 284 s All No..u w ra. vs..-N er uws cc ca r.o= I 448 448 I 4 980 4 980 I 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 s47 - FutL I 888 A01 3 571 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 Ss0 R Eurs I 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 maintenance l ssi u.,~rc~.~cE sv.ca.. o~ a E~a m e ra.~a 718 20 9 067 8 375 es2 u.mics.~cs or stauctuats 1 (32) 29 1: 635 607 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 li 315 sg3 1 h 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 uw s ot c..rco-caos. I 6 7 i 43 44 I uws sv r.o= uss j 74 69 I 499 513 ro,.s sr.rio ec.., tr uw I _(68)_ (62)J (4261_ (469) u w - c, c ~.. r c c-- N e t 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

~ EvWe' "-~~ ~ ~ ~ ~ idra or use rr gPCWER PRODUCTION EXPENSES c El * " "" Maine Public Service Company December 1983 40 TYPE - HYDR AUUC STATION - S_qua_ Pan MONTH FISCAL YEAR TO DATE HYDRAUUC POWER GENERATION l THis YE AR LAsT YEAR THis YEAR 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 1 (996) (20]_ 29_688 3 835 u.,~1 ~.~ca or Rt r nvo.a.. c.. a w.v a.... I s4s su u.mic ~.~ca or Eu e va.c Pc.~r 1 1_426 516 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 MWH STAYeoN Use u w s cc~ca.tco-c os. 293 138 1 493 837 1 5 9 40 55 l u w M oe~saatco-Nav 288 I 129 1 1 453 782 N o n .o w.ve. Ts.a-N av u w r ci~c a.rio~ 192 i 192 1 650 652 _ 1 Tov.c svario~ Pa.a-Net uw I 1.3 1.3 1.3 1.3 i li 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 TOTAL OPER ATION I! 31 1 44 Il 1 961 1 1 757 g l cc~t. Pen Nar nw s ce~ca.vao I: . I p i M AINTEN ANCE l I l a u.mi ~.~cc su ca<,.,o~ a E~smera ~a l 227 280 3 181 3 112 u.mtr ~.~ce or staverwars i ' 59 l ssa u.mrc ~.~ce o, o c ~ c a.rmo a E t rev = c P6.~T 255 1 2 464 3 230 Is33 s34 v.m.c s.~ca o, u,.c o,- a Po.c a o c ~c a.r.o ~ P.~r j. t I. I i t TOT AL M AiNTEN ANCE P 227 I 535 il 5 704 6 342 I , l j CE~TS pea NET KW H GE~En.tED TOTAL OTMER POWER GENER ATION y yg 37g l 7 6 g ti 8 099 [ Ca~r. Pia Ntr xws ca~ta. ro y .j uw s casia. viro.7. I 0 0 1 4 6 I MW H sv.f so~ USE 10 A I 79 g? [ _ J_Dj ( 91L _U SJ ____(RL wws ce~c..,ec-Net 1, Tot.t statio~ pr.u - New uw l I BTU Pt Ntf Kw H GC~Ea.?ED l nw M Ct~ta.Tto I b-- r et o Cost-c r ~ts Pt n *.ct = ? l t

"o""*'

• • a'

, POWER PRODUCTICN EXPENSES ce = ~'**"2 M_aine Public Service Company December, 1983 41 _ STATION - Millinocket Lake Reservoir _ TYPE - HYD R AULIC I MONTH FISCAL YEAR TO DATE HYDRAULIC POWER GENERATION THis YEAR LAST YEAR THIS YE AR LAST YEAR I _ofERAHON_ s3s oat m.Tio~ Suot avisio~ & E ~o ~r t ni~s s36 W.ita s om Pow Em 176 323 2 070 s37 Hv ee.utec Emer~sts I 538 E t sctpic E.ptNsts s3e uise H,c a.voc r a. Gr~c..Y,o E..c ~sts 107 131 17-340 at~Ts vot AL OPE = Avion 107 176 I 454 2 092 H _ l I Ct~,s re. N or xw H Ct~t..rio M AINTEN ANCE I s4: u.i~it ~.~c a Su c.mio~ a E~. ~atais. 651 640 I 12 542 M. INT E ~.~ct or SrmocTwnt s 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 u.i~16 ~. cz or E u ci.:c Pu~r I i 2 (18) i 2 576 2 935 eas u..~rc,..~c t or u,se. Hve..uuc Pa ~r I ~ 1 (9 236) I (30)i 19 492 16 736 I votAL u AiNTEN ANC 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 j l l l MWH ST. Tion USE M WH G r ~t a. RED-NET l = = l None.L Ware 4 YE.p--N Er M W H Gg~ ta.fio~ l l I %f.i ST rio~ PE.R-NEr MW l l l TYPE - I nternal Combust [On STATION - Flo ' c Tnn OTHER POWER GENCRATION OPER ATION s4e. o...Tio~ SveEnvisio~ a E~oi~ctar~s 229 236 2 712 2 574 I . Fut6 224 376 i 547 1 440 1 640 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 a t ~ rs i 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 475 481 5 680 5 385 ssi u.,~1c .~c t Sv.ca mios a E~ c.. ssz u i rs. ct or STaverunes j 41 85 u.,~rc~.~ce or Ge~r..Ti=G a EacTmrc Pu =? 1 785 405 t 9 330 14 441 I 33 534 u.i~,a ~.~ce or w se ov-a. Po.t. Gr ~1. rio Pu.~1 l 7 12 83 t I i TOTAL M AINTEN ANCs i 2 260 893 t 15 063 l 19 994 I l = CENTS Ptn NET KWH GE~E A.TED l TOTAL OTHER PCWER GENER ATION i 2 779 1 593 li 20 615 24 446 CE~TS Pra Ntr MWH Ga~ta.TED l l I u w H Gr ~t..rs o-Gao** 1 2 i 16 16 u W H St.Yvo~ Ust i 37 31 l 326 103 u w H GE~a.vto-sc, I (3M IM. [ 3,] OJ__. _( 2 6]7,), tor.s ST.r o= ec. -Net uW i 1.0 1.2 1 1.7 1.4 I 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 gS - EtECTRIC Maine Public Service Company December, 1983 42 E 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 T1TAL open AYeoM 60 900 84 767 1 1 014 648 953 476 I 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 I o_ mar? ATioM C Pl io~ sunamieu a c== ~rie. 6 674 6 9P 76 019 75 382 s sei tuo o,.nvemaa 2 294 1 324 i 19 393 15 077 [3 rn,o c a n... 965 931 10 377 12 796 } sj o.1..o v e rin~.. 9 188 7 985 89 906 63 739 1 l l ce. u~cc 2.ov~o u~r carc~ a. svace us-vi~a a sio~.t su.au c.P 2 696 7 660 1 13 949 58 197 t eg 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 ls ~

l 54 120 85 s uu ve. cc or sinuerunc. .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 uu re ca or u T..rc==cu 1 8f 5 2 04 l 25 445 23 439 Q !sg 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 I"StP# 1*# c"C"/.'l * STu 700 M)R MX~ ~~ ~ il dli-I' ct"r # 1"# f"J"'."..* ^" s ei. 9 991 5 064 f 100 145 9~ 938 i ) 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. 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 THIS YEAR LAST YEAR THIS YEAR LAST YEAR I OPE R ATION m SU P E RV15 TON 3 168 2 990 40 475 38 299 m METER READING EXPENSES 9 361 8 874 98 887 107 671- ~ I 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 CUSTOMER SERVICE AND INFORMATION OPERATION 907 $U PE Rv t $10N 1 279 698 13 231 17 673 e CUSTOMER ASSISTANCE EXPEN5ES 8 836 13 251 97 588 100 243 I 90e INFORMATIONAL AND INSTRUCTION AL FEXPENSES 6 735 3 191 43_930_ 33 343 833 406 97 MISC. CUSTOMER 5 & 1 EXPENSES 25 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 - __ _ _- 1 ADMINISTRATIVE & GENERAL EXPENSES 920 ADMINIST,R ATIVE &_ GENE R_AL_5 AL ARIES __ _ _47_.213_ _ _ 46 545_ 585 120 . _ _ 53 L89_9_ I n1 OFFICE SUPPLIES & EXPENSES 13 148 15 103 105 375 101 805 en ADMINISTRATIVE EXPENSES TR ANSF ERRED (CR.) 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_ I 10 732 10_19_0 108 E80 110_912_ n$ INJURIES & DAMAGES 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)_ h 930 9 GENER AL ADVERTistNG EXPENSES I a MISCELLANEOUS GENER AL EXPENSES ll 25 920 18 675 371 257 331_4kl _ L 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 couraar ~4== acam or aan ~o 1 FUEL STATISTICS - ELECTRIC 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 Tuis vtan l LAsr vrAn THis vran i LAsr vcAn n THis vcAn i LAsT YEAR THIS vEAR l LAST vEAR l 4/9 628 1 4621 1 970q 9 681.4 6 660.6 72 120 1 62 318,_2_ l run uses.L c 4 2 cat. o.ts. : 3 .s.uc,, !I } -Coal iTowsi I i -or c. [$ 25.28 26.02 3 25.25 25.94 l 30.82 S 32.58 30.43 3 32J1) c-a.oi~o our ca.ce-on. 0 -coat 4 s ern ton D i p ( -orHan 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 i ~ ~! -cas-i -coat y I -or-c. 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 -coat j 1 0 1 hl -or ra I i V I i 6TAL 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 { -o r u r_n l 3 TOTAL l l l O I J$ 4.04 4.16 $ 4.03 4.14 4$ 4.88 Sm21 4.85 5 5A con era u.Luou eru-o L ll -cas -coat i O l ~~-~ l -orwr < N 3 I I d I I I L _ ____ _ _._ _ _ ' "'

• Includes only the portion of fuel Norts co,ames navino uogt rwam ons svarion may ust monsTsonat awarTo ND Dtvf LOP rorah FIGURfs IN A STartoN COLUMN.

j l S tock Account maintained on the l Company's Books. p%.,-+, m-g p.eA -e er-w *

• • w-W W

M

M.. iql j!l I M jl 1 2 1 4 2 o 3, 1 R 7 9 9 n 3 5 E R 5 5_ sa 4 T A U E nA Y M n D T i O S t A sT L 3 uR l Il l I l $l l 8 bA 1 mE o 1 R 0 0 2 9 n o C. Y 5 s A 0 9 u _ L 1 E r lA Y 3 5 s e_ aC s b nS i 3 m II H M o e cF T r S c t T e n lI 1 l l a ~ D I o R = A M E Y no TS t A l H L uT yqN l!llI !lji l M l n iO a - M R pmN AE o O C I Y TA is M H e T T c S lj0 l ,} 6 t sC d i l ![ i1 i l{p[s!! 4 J 9 E [! 'l vr 3 3 2 7 5 9 N e E R 4 5 9 4 2 9 M M 8 2 U S nT A 1 oA E 9 5 4 Lo Y 2 4 C c i D i t T N l sO S o A b uT f L t u b a M P mR } !lI I li i $lll [ T S oA e C E a a n Y R 1 1 2 6 1 9 N 1 7 9 I A 2 5 9 a i l L E 5_ 7 s 1 v a aA Y t 4 9 5 n = M nO IS 2 3 u ar r L e u e H e o t FI T F n l 6 S j o c a I Y 0 5 2 8 3 1 O T R 2 1 9 1 0 1 p 1 6 A o u E 0 5 5 t Y E o 3 v b T f S D i A o r H L M N a T C N f S l l $_ l{} ]TS O E R 0 0 2 7 8 2 M E 0 6 9 7 8 A H N 3 S E 1 8 O Y 5 L 9 5 IT S a A I 2 N O H I T T lT S !S iI D }hll !}! !['. 4h)pdpa h! i Slfh! fll1 ) o M i c c o t E a o S t a o v U o Y i a M u r N e O T a ~ o. Y S tt F r ) ui N i o t N c N o a e u T o M n = n Y C I a s E t R r r P L s s s s t r A o T t s a s T m M C s i i t 4 o' c c L a o v O c. L = E e L f o T o A t r A L t n s a H t r . a w T i E t_ IS i cC c u t. a c oM a o Y a s a e t o u v a o r a_)

o. cc o T

v N o o T c_F a o c oc a w 2_C T a o a S M i a m e s o i v c s o c ~ C 4 t t r M I o G C o u a u c i P t I e s u i w T s a a S i a o f i r. u t a t t t T o T u u e e mo A o H e r n C .s ~ T ' u a iu. u S ' c o r o E T. t t T s L n a e o o O U '"

,ll j jl

[l !I E u u v c c N u r c A [l F k

m m m M M M W m m m M M 1 FUEL STATISTICS - ELECTRIC

• • i no j co-a=7a*Mr MoaTa or 0,, " " ' ',.... _ -.

7 Maine Public Service Company December, 1983 46 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 j 0 -coa' < Toas i H -oTwe. t i u _[S__3.7. 33 4 41.78 $_40.00 40.00L en..o.~a ou T raic e-oit i - c.s < s ec= ucr i I y do

• t i s ran Ton > _. _,

_j { i I _ _ _ _ _._ lp __._ 5.88 5.88 5.88 l l lj h__5.88 avr.as, nr.nua vatu,. o r...s.o. u u.ou n T u i --o.o li - ca, omia j G [ -ca.t I i u,u.o~ rTu usto o't i 3L 53 ! U2 2411 i l __.l J !.l -c.. f' _ _j -Coat I -omen TOTAL l I f fI ._Ca'.s or Fury usto-o L .,$ _ _))4 _ $ 3ID $ 4/g 1 640W -c.. i .t, l -coat -oiw'a n ~ l 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 ] I ji -coat -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 DE,PR,E{lATION - AMORTilATION Maine Public Service Ce:rpany i NET ADDITIONS I TOTALS I ELECTRIC PLANT TO DATE MONTH

1. ha*y graR 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 14 291 767 ! 53 060 150 187 099~ (13 428) cessT.uctio% wo. Papsngu i 107 240 (1 119) Acouisitio=Aonsv c n I 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 i~ se...c c ii-eLuo ~o naviar-s r woaa in Paoaasu n 21 114 141 128 365 1 314 213 I Leasto To OYwans l HELo FCm FuTunt Ust l -accu-uL.no p.ov, sic ,o. 4 ear.zision or c. acta.c PLaan I 239 693 44 44 l i scavice f Ltasto To Q?>tas l HELD Fom Furuet ust I l ACoutslTso% ADJLsTM ENTS rotat accuuutarro enovisioM FoR DEFN. & AMORr. i 21 353 834 128 409 1 314 257 14 518 682 1 87 281 490 } 1 38_2 766 _ arr etteraic etAnr Fi A YEAR I peoNrH NET CHANGE IN TOTAL ELECTRIC PLANT t 1 479 059 15 766 160 Tor 4o : ..ov eu e, neouisitio~s I 16 830 432 954 I rov.c ner,. c r neouiserio. < > (5 492) (5 492) ra a ~ sr aas-i c.c oir e I (1 119) (13 428) mesust eurs-ic.coiri h] 516 653 _ _ 57 557 Nuclear Fuel in Account 120,1 I acr iv.s. ira r ioac crain7= rwcrnic7twr ~ h i15 632 o3c i; 1 513 175 - 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 h 1 5-3 660 16 430 e41 vorat [ 2-.8 620 2 661 612 asuoc souitv Poavio~ outy Il 14 036 164 317 -neri... v acovisiv.o~s-s.tv.ac I l! 1 280 981 _11160j 71L__ caan excruoso on ruscreic consinuction s

WALMF MMMD MISIMORMECMN M W W W W W M... W COMP..MY. .E TE. R t h34N, Pmf,, UTillTY PLANT IN SERVICE onctuDina c.ErinEu;nT woRx N PzOOnres. DMMR a e 83 48, Maine Public Service Company egs 32.si BALANCE PROVISION FOR COSTOF CREDIT TO TRANSFERSa BALANCE SALVAGE PLANT ADJUSTMENTS EWO OF YE AR PRODUCTION PLANT BEGINNiNG OF YEAR DEPRECIATION REMOVAL 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 22#,E"K'"'I,." L"'" ^**'" oar 1 684_175 128 400 1 812 575 314 355 2 5 15 863 30 u.cattaasou Pows. Ptant Eau *=<av 13 179 2 684 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 TOTAL HYDRAULIC PRODUCTION s27 257 1 24 540 l 1 l 551 797 j 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 p 33A vowan. a rixtuna. poles & Finrunt* 1 924 795 _85 600 1 611 368 2 758 2 006 394 Rh 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 1 l i l1 4 009 629 l 259 002 2 097 20 503l 65 622 l l 4 221 615 l TOTAL TRANsMIESION PLANT l TOTAL Tule sHErT U 10 918 476 l /39 485 2 336 20 566l 69 052l l 11 606 539

m m M W m m m M M ~ ANALYSIS OF ACCUMULATED PROVISION FOR DEPRECIATION OF Co=PANY MA=E veam ENo.NG P A9( No ' UTIL{ PLANT IN SERVICE ..Netuoiua n Tiaru NT wenn iN enoonass' 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 ~ 528 142 73 311 845 601 208 3ea ro..n o...no r.uma nar 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 l 19 199 928 1 728 6/8 145 828 l 164 31/ 432 9 54 l 21 114 141 l vova'

,I TRtC PLANT ACCOUNTS 'c"*^a'~^=5 ~ ~ ' a a' ea"t ao 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 I 35 STE AM PRODUCTION t,~o e t ~o R. NTs 30 543____ 37 968 630 sTRuctuacs a i=*aovt tat

• __1 1 834 307 3

soito PL.NT Coui, cNT ,= 313 019 i -10 331 - - - - ~ ~ ' - ~ ~ ~~~ l ~ ~ - i a m E 0,~cs a ENome emvcN orNea.To.s 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 TOTAL NUCLE AR PRODUCT 80N I I f g vtDR AuvC PRODuCnOM l j l 92 349 i -- ~ ~ 33o LA~o a t.~o Rio T. 113 h40_.n-i SraucTLars a - nove s~TS REstavoins C. we a WATE Rw a'* 14lL9%_1. - - - -. n -. w.T.. w...ts. Tu..,~ r s a o s ~..T o.s 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 I t YOTAL HYDR AULIC PRODUCTION 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 , t58 ll 7 258 Accesso., ELict.,c Eau. -i~T 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 h 15 028 112 58 307 l 4 030 TOTAL THis SM_EET _ 13_296_289_jL_ SfL307 1 4 030 I 1 \\ I

rg ELECRIC PLANT ACCOUNTS c ow ^" **w e wc~Ta or or ~o Maine Public Service Company December, 1983 51 '*"5" TOTALS CH ANGES FISC AL YEAR TO D ATE i i 1,om,;ag gia,, To cats acomoNs I acnntutN1s t c t TRANSMISSION PLANT aso t.so a t.so n.c.,,5 730 491 I 332 s, uctuots iw..ovtwi,Ts 26 036 ass sT.7,o.,com.. T i 3 310 381 12 906 62 783 as4 vo.t. a ric o.es i RU i 3 537 356 8 322 2 758 Pou s a Finunts 336 ,0vtant.o CoNewcro=s & Otvects i 2 035 019 376 81 h uwete swou%D CcNovir 357 358 UN:E nsmouso CosoucTons a Ctvicts l I 359 Ro.os & Tn.tus 11 I 11 9 639 283 1 21 604 1 65 622 1 Toral TRaN5MI?stON PtaNT oisTRisuTION PLANT 3,,, 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 t 6 598 694 1 474 055 l 106 537 (3 556) To.r.s a raTu t. ji 5 914 521 314 190 45 061 (232) 3es ovt -c.o Cosoucto.s a etvicts 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 ___ ] lmsicas h 1 230 587 ) 59 068 5 867 1 i 37o 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 i 23 230 i n '2 c.so a t.~o a. T. M8'is'aat'ar**'waostuc~Ts i; 977 995 11 798 i 600 l r l39i i o,rict r .s,T..c a c ou,,w o~r i' 416 392 8 971 1 2 188 l392 p 415 366 t 82 154 i 59 234 l T..~ s,e.T.7,os to m.wi ~T 6393 stoats tos, wtst I! 51 216 [ i 0 121 007 l 12 651 1 363 ja9a Ivoets. s-o. a c a.st tous wt~r [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 l r i 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 55~307 T 4 030 T--- - ~- i torno Parvious suser l j i vovat rocc. et4Nr accouNr. [ 51 722 033 ) 1 474 393 J 432 954 i (5 492) l _. _ = - - _ __ - - - - J-_. m i

~ i E VE E A m eTi m r W isiT M e t_i?.' '* Maine Public Servica Company December 198_3

52. I E STIM ATC3 "E

AMOUNT OF HAR S HAR* S T AL HAM S ST NuM;rn DESCRIPTION AUT C ZED p PEQUISITION 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 .n aid of Constructior - FPC 490 (5 492) (5 492) (5 492) i ~ Recla.r.ified Contribution ~ Acquisition Adjuritment - 114 (1 119) (13 428) 10/ 240 t ~ ~ _.82800_ _ __ Improvement Requ i?.it ion Closed Since.ianuary 1, 1983 to Operating Property Seabrook - Education Center and Enviro. Facil. <AI 822 A (3 327) (3 327) 12/82-8/ 83 12409 Little Mountain Road Rebuild 5 250 A (1 346) (1 346) 12/82-8/83 12410 (;rendell Road Rebuild 6 450 12411 Tarfy & Martin Roada Rebuild. 23 600 457 15 600 7/83 j l2507 Gartield Road Rebuild 4 404 A l 658 658 11/82-5/83 g L12508 Route 11_gebuild ny_c r Brook 9_600 lA l (658) (658) 12/82-5/ 83 Li 3400 Limentone Dist. I mp r oy. w n ty 39 800 '< A 2 066 j 41 000 41 000 12/82-12/83 13500 A sh l a nd D i s t,_ Imp i nv_e _mnn t_p 19_800 A 5 905 5 905 12/82-8/ 83 _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 !22502 E Plant at ion Reboild 6 350 A 177 17/ 12/82-5/83 l _2 2 505__S_terling_ Ridge Road Rebuild 13 350 6 314 16 506 4/83 [22507 Roote I t liighy_ty_ Rehu i ld 23 300 30 591. 32 157 8/83 ,23400 P_ortabli_ Relay _Ter.t set 13 300 12 000 12 751 13 717

5/83 19 10 063 10 224 12/83

,21600 _Remodel_pold_ Storage _11uilding 12 000 22 000 2 085 i 140 854 ~178 43f fotal_Jarryov,rs 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 11 855 i 133 990 133 990 l12/83 6 i 115_0_00 ._30100_ _S e rv.t ce_._ i 20 000 = 1 305 1 21 688 21 688 12/83 t 30400 Street Ligh t i ng_&_S i gna l _Sy;Lt eme. i i L [ I I ) r 4 -r=_. .. _. _.. ~ ame-.._________..

m m m m ~ ' m IMPROVEMENT AND RETIREMENT REQUISITIONS raosaoj couraar aaws =om or I Maine Public_.s_eavinc_ Company necomhor 1983 5 '. ! [ EsT4M ATED AMOUNT OF "^" ^" "^" NUMIER DESCRIPTION AUTHOR ZED p ! REQUISITION THIS MONTH FISCAL YE AR TO DATE TO DATE BALANCE l OF YE AR I 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 30800fMinorAdd.&Better. Substations 5 000 115 5 430 5 430 12/83 i 30900 Minor Add. & Better. J. C. Poles 50 000

• 8 l'31 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 f

1 660 8 971 8 971 12/83 12 800 L_31200 0ffice Equ_ipment 20 400 386 15 317 15 317 12/83 L31300 Stores shop _, Lab & Wock Equipment L3_1400 Communtcation Equ_ipment 423 423 12/83 l L [ 31500 h _ _ gther Minor Improv(ments l [ y._ l Total Blanket: 768 600 84 951 l 8/4 743 ! 874 743 } 66 100_ I 82 1:'4 82 154 12/83 i l 12000[Tr.utspo r r a t. ion Equ i pmen t_. 66_100 32100 Powe_: ope r:at ed Equipment 78 000 78 000l= l 36 576 36 576 12/83 L e , 12 LOO! D.ir.t r_ibu t lon Li ne _ Lx t en. r on. _ 50 000l* i i 37 l50 [* i 29 786 29 786 12/83 C.ptleIlill__j 17iO,;Ri bardson Rd Ext C 302, d t e r i tng_R icha rd'. Li ne Eate rsion 1 3 800 i 3 069 3 069 12/83 i L.010l(Joner. Extension Ramr v Rd, - Ft. Kent 6 600! 5 368 5 368 12/83 h2304G_uy.NortonExtension 5 800I i, I 6 241 6 241 9/83 t

• I 27 668 27 668 12/83 i

l _C 505 young Lake Rd. Ext. We-titeld 1 15 500] L 17j0M MacDonald Rd. Ext. Lit t is ton 6 450 5 490 5 490 12/83 Q2(08Packrd_ Road P.ridgruat er 6 IO0i le 4 215 4 215 12/83 L I?_(09;(D i. ker 1 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 (5 024) i 13 536 1 13 536 12/83 i Lj 2408[ito.it e 228 Wa.hbutn, Wade Perham itebuild: 16 000L. gl2410} Route 1 630 ! 4_5_27 4 527 12/83 i Mars 11111 Rebuild

• 5 100; 50_000 e 12.500Lil ighway._ Rebuild s_.

1 24 372 24 37_2 12/83 ,_3 2 5_Ol j U. S. Route 1 Rebuild. 2L500j =1 (9 971)i 19 186 19 1_86 12/83 l l_3250 E R icha r d.s a aJ1dmil inhwa y_ Reb uild 20_645i I* 14 797 14 797.J_2]J8) I h2504 lLS. _ Route _#_LCau bou_lligtiwavJ1chuild 18_600 400.f Ll 4_04j 1 4_1_38 4_138 12/83 l_.32306 J yndan._St_ rect _Rebutid_n_ Caribou e 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 T 6 600 w 4 695 4 6J_5 _L2/83 m Fm _yman #4 i 100 000 1 426 39 286 39 286 12/83 ! 328.00: W W 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 TWE AMOUNT OF CHAZGE3 CHARGES T2TA1. CH ARGE] CMT ( Nuunt R DESCRIPTION ^" O REcuistTION THis MONTH FISCAL YEAR TODATE TO DATE BALANCE 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 32 903 184 32 006 32 006 12/81 y 34200_Carihou_C_i cuit_Rea lep5_s 15 400 15 400 15 002 15 002_ 10/83 t 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 I32402 Route 10 Rebuild - Presque I s le-Ea s t ori 922 1 93_6 1 996 5 400 32403 Lathrop Road Presque Isle 351 581 581 32405 Back Settlement Road + Gr. Isle 10 600 1 ; 640 640 32406 [12407_ , Birch _ Point Road Madawa<ka 614 867 867 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- M M ggK y

'T E E E M M M m g Q-' 7 IMPROVEMENT AND RETIREMENT REQUISITIONS uaraar am -oam or ca. ao. o c"* 'a Maine Public Service Company December. 1983 95 ESTIM ATED "E AMOUNT OF CHARGES CHARGES TOTAL CHARGES COST NUMZER DESCRIPTION AUTHOR ZED p REQUISITION THIS MONTH FISCAL YEAR TO DATE TO DATE BALANCE THIS YEAR O M P. OF YEAR 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 _ Echo _ Lake-Ci ap n_an Roadleeder 7 275 7 500 70 5 113 5 113 33800 t 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 8 200 10 000 28 1 J87 1 787 1 34400 Miscellaneous Unforeseen 40 000 Prole _ cts Carried Over into 1984 16 445 500 1 400 428 14 329 350 53 060 150 hclosed 1983_Carrvovers 22 000 2 085 140 854 178 437 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 Total Improvement Requisitions - 1983 17 790 500 1 479 059 15 766 160 54 534 543 o I [82900 Nuclear Fuel _in Process 1 053 000 I 57 557 518 653 3 499 940 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

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_, - q, IMPROVEMENT AND RETIREMENT REQUISITIONS Company urue moNyn op p,og Maine Public Service Company December. 1983 57 l Credit TOTALS TO DATE CREDIT TO PLANT NUMBER DESCRIPTION To PlanL u riscei v.er Net Cost of Removet Selvage This Month O he yg 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 4 035 4 035 l2411 Tar dy & Martin Roads Rebuild 4 500 4 556 1 607 (1 086) 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,,, XR NM Colt of Rermet selvage ms wri af. To Date 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 .m +o -w

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MAINE PUBLIC SERVICE COMPANY Page 60 I.- BONDABLE ADDITIONS AND BONDS ISSUABLE 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 8 cAmount of retirements less proceeds of sale of Public Utility Property Dsposited with or released by Trustees. (See Section 1.10 (F) of Indenture) Public Utility Property Additions, as above 110 706 109 f D; duct - Portion of above additions excluded pursuant to 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 %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 RETIREMENTS Owned at Acquired After December 31, 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 8 971 2 188 2 188 Req.31200 Req. 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, 360 522 1944, as above 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 85 000 Base annual amount 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) 1 231_877 Total - Provision for year Provision for current period January 1,1983 to Decembcr 31, 1983 1 221 877 12/12 of Provision for year (12/12 of $ 1,231,877)

=ow" o' me as P ROLL DATA - ELECTRIC co w a;"t M:in2 Public Service Company December, 1983 62 = ELECTRIC DEPARTMENT l THis YEAR LAST YE AR l TP iTEAR LAST YEAR g E "' " 40 558 45 985 480 474 492 985 Powt] PRoouCTioN i 45 680 44 930 500 618 460 591 r ~suissio~ a cist..uvio= I 40 463 36 319 423 356 395 462 l romu Accov=vn 63 218 59 421 734 738 743 794 AommonAr.vc a ot~c=&L stomer Service _and Information 11 577 9 146 116 819 103 051 TOTAL OPER ATION 201 496 195 801 1 2 256 005 2 195 883 w AmuN ANGL .Ia_ta Paoouction 36 666 7 786 i 168 417 122 675 g 23 486 35 015 1 330 213 316 049 vaxxrmou a oista. vvio= 1 630 2 053 4 10 752 15 382 an gumexAm r a oc~enAt l l l 5 i i 61 782 44 854 1 509 382 454 106 ( TOTAL MAWTENANCs 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';"'" ~ 898 4 211 36 139 45 605 n Favroll tilled to (from) Affil. Co. - Net 13 603 11 619 l 126 136 101 297 4 989 6 968 85 892 87 120 tirement { i 28 961 26 939 357 184 326 530 vring Accounts i 334 763 318 090 ! 3 728 517 3 533 530 tot AL P AT Rott v vr E INctucto iN total PAYROLL Aeove i 4T 829 14 17 9 1 132 023 96 246 f l gr?L E uiWALENr $7mAIGHr Tipt Houns v'L CYER7iME Haunt thCLuDto GN Asovt LINT f l l l FRING i ENEFITS: NINP3 0ouctivt Tipt INcLucro IN TOTAL PATPoLL ll) i (z> cwn TOTAL FRINGE BENEFITS Temp. Perm. Tefd_p. Fe m. nuumER or E=PLovEEs m j acumas Ano cier. Hraos 19 19 E a c..- Accou~ri o llacLues sill >= i j 1 12 1 13 4. . -- ovos. o~ctuou ea,.oLL. sacartanise i t 3 5 r l 6 6 g one;rart. i 4 3 LE wncmer Services & Information r:vmr. ii c6uer cAs iens. Erca I 1 42 1 43 i 22 24 ano _- uction Erstem Enerev OogIgi.jtns 6 6 fncin~ering 3 P'1anning Department 13 14 + l Tr am o o,.v. onctuos c'a'a ) 20 21 l li 6 6 are n e v fl s 5 5 tn Processing TOTAL EuPLoTEEs i 161 2 165 va6 Pa~..o=rns. ALL carnarment' 50 46 g g . coa, E. Lovise !=CLucto Aeovt i 2 2 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. 8 213 8 213 mkt Sales 272 272 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 k MAINE PUBLIC SERVICE COMPANY 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: 33 007 069 p rcting Revenues ividends on pledged securities of Subsidiary (to an amount not exceeding net income of Subsidiary for the period): f Dividend Income U.S. 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 Tcx2 (Other than Income Taxes) 958 660 f Total Deductions 25 885 408 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 Ilth:rIncomeDeductions (Debit) (102 435) N:t Other Income ** 1 256 764 t Ecrnings Available for Interest 8_378 4g CConvarted at current average monthly exchange rates Not to exceed 15% of Net Earnings Available for Interest r 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 7 000 000 971 250 . / 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, , INDF)( SHEET ?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 Liabilities and Other Credits 8 I Detail of Balance Sheet Accounts 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 29 Payroll Data - Electric Detail of Cross Charges for Elimination 30

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

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I aCrunt nuoccT l < u975En, li acTuat l su oocr j . 878,"n. ~' l I 215 110 149 000 l 66 110 !! 1 404 100 l 1 722 900 (318 80._)_ 0 I~orL.I~co..-Ner (10/) (107) ii 1 839 1 819 i o,....... R.e ~ue s I 215 003 149 000 66 003 I! 1 405 939 1 /22 900 i (3L6 961) ToTat ~ DEDUCTIONS ~ 72 747 50 500 22 247 616 526 526 500 90 026 L o...r o= (97 6) 19 100 (20 0/6) 5 161 619 187 000 (25 321) I I 2 5 000 29 400 (24 400) H 75 794 353 100 (2// 306)

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c. 44 089 43 500 589 T...s p.io-r. o...c.~o sta r r inco-. 49/ 300 197 j h 63 020 63 100 (80) (_ -or... 3 616 1 900 1 7/6 k 20 966 37 800 (16 834) i i~, ..s,e..o on to~..Ta.- onor i or.. i=re.cir e.v.s.rs H 176 000 176 000 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 ~ ~ ~ li 80 944 l 10L 200 L (20 256) 0 1 158 014 i 1 387 000 I (228 926) [ ..T.7.!'~~ ~ h 134 059 47 800 86 259 247 865 335 900 (88 035) ToTat oE. uCTioMS ["!."c N.I.T'A"s' ','s' 4 'o"_ t'M*t $'.lE[c'"c'" '" "* [ (16/ 326) 29 100 (196 426) (89 027) (56 900) (32 12/) 1 (33 261) 76 900 (110 167) k 158 838 279 000 (120 162) e.u.c. l } non nosustmsars r_o. Ca.v.ese No. C.see trasese O [- oT,. c..vio. Co..or o ro or.. T-.= o7,~a~E uraass { 18 300 (282) H 1 256 3 700 (2 444) T.us t C=..st p ro Orwe. TM.m T m Es,tNsts _i (33 249) 77 200 (110 449) H 160 094 282 700 (122 606) [iduTCo--- l "c"f,,',",',',","f { (69 899) 1 000 (70 899) 162 138 67 700 94 438 i s.u.c. s,.ucr.o-nt ovi.e.c=vs e H ~e.T..c. 7 36 650 16 200 (39 550) H (2 044) 215 000 (211 044) ~ U.oc JrTA.1. ci=a ts : ois.it eeG.T~ ' (100 000) 100 000 1 50 000 (150 000) 200 000 T 100 000 t (66 006) ii 22 688 11 200 11 488 Ian d 33 995 I C.s .u.c e-r...... o re.... 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, 125 000 150 000 ( 25__0_0_01_ f,__ ".".' "* ' * "i" ' "" ' i (( j i e,.La or Loma-Ts.as on.v h N 8L 5.tv or Stoc. o b1 4 (100 000) 100 000 d 75 000 300 000 (225 000) E_ t us-wor.s c....t. w e,...o I !l f i -r s%.%cimes E u,t mst CM..GE D l 9 t-NET PROCEEDS FROM FINANCING d l (100 00011 100 000 50_000 1 150 000 1 700__000 t M M' M' W W W~ M' M^ M' M M M W W W M G~ W ~~

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• 2

) ) ) ) ) a 0 4 9 2 9 9 1 1 9 0 4 6 0 2 UE 7 6 9 5 6 1 du 2 3 2 7 4 2 W t 2 ( ( ( 3( ( 3 8 E 9 T 1 A D ) ) ) r O 0 0 0 0 e T T 0 0 0 0 b E 6 2 5 9 R ( a m o 6 A o 6 E e 5 " c E u 5 ( " e Y s ( D L A CS E IF d ) e ) ) ) ) kt 0 4 9 2 9 9 / ci L 1 9 0 4 6 0 2 i m 3 4 9 0 6 0 AU wi T sL C 9 3 2 8 4 9 n A 7 ( ( ( 8( u, ( ry B n E a wp } e m ll l 1l lI llI i I l l lih l ) ) N o ) C 1 4 1 7 9 6 6 2 9 6 1 5 3 2 r n 6 4 6 8 8 4 E ee O nw o 3 6 0 6 d 9 1 9 i o ( 1 aP u 1 ( s M ( l E a c "* i " r ' t " c 0 0 0 0 H T 0 0 0 0 e 1 E l E 4 7 0 o" E T o c N o 6 1 1 9 2 O u 2 M s E l l 1I I l ) ) ) 1 4 1 7 9 6 6 L 2 9 6 1 5 3 2 E A 2 1 6 8 8 3 uT / 2 7 0 1 1 6 c 6 A ( 1 1 ( ( E I l SE l T IL I B E A H. U A .C C T D E N C_ N I .S A ) T_ t E. i E a S r. E IT t I S L u A T r E T c I .i E B R r S E. a n M C = A a o t E S S ir a L A 8 L o A A i a n n t r D E I A c c ( N a N IM n r. e I .u nu .u .u A v. E. i u r a c T c A T s T c E m m A e R c R t E. T E r n n a E A o o u a o C a C C R Cm_ s v a C s E u N r m r n C i r. e 1 v E a o o i c = s ) s. o s r E s i i N s es n s u e E. a A A v t e u a c m T A. l r r s C E I r o c u v A t. i C n v. a u I T N o E m e a e S n s . o O r E r a o a o E u u R N C u .i v r r u r s a N M a o s u .e C E I ta o O r. r. o C c a r a a o a a o o E c o A C L t o r c o s s n. O w o s L r O .r A T v .e E .u t a a s a r t n a a a A. u. I l m u E = se L i i u C. s L s r n r J i u o e o a t a U. a. a o. .a A o m r I M v. r. s c P s a c c T s N c u u r. O c s r r a m s er r E C r e a u R A C M C o o C T w w

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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 n'"EcEEUsb TNis yEAn Tsis TEAn LAsrvEAR 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 10 215 10 215 OrEa4 ton. FuacmsEo FewEn gc CeERAToN OTwEn 50 500 62 532 52 262 10 270 l s uAmTEN ANCE 19 100 (976) 28 913 (29 889) DEPRECiAToN 12 700 12 620 12 585 35 h> 7 AMCRTIZATON lo taxes OTNER TNAN iNCOut TAXES 4 600 5 777 4 678 1 099 mCOME TAXES 28 200 56 925 2 850 54 075 Lo 10 DEF' ERRED INCOME TAXES - RELATED TO FUEL f 11 OTHER DEFERRED - INCOME TAIES l [ 12 mvEstuENT tax CREDIT 1; t 7o74L oPenat No sxPaNses i 115 100 147 093 lul 2bo 45 805 5 i; oPenaTsNo :NCoMa i 36 300 68 017 13 991 54 026 l 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 35 INTEREST ON LONG TERM DEBT l j 6 800 4 8,v; 5 t73 (843) l 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 OT ER INTEREST EXPENSE I i 1 300 1 868 1 625 243 J" 3 ) p,ruDC BORnO*ED FUNDS (CREDITI l {39 Eco ^-oat or cA>~ o~ aE*cou ato oE=T ca i i ToTat shtrnts? CNanors j A ;00 4 01; lh 666 m (,11g % 41 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 l 23 600 58 875 (1 35 3 60 228 47 N ;T INCOMr l r-- 43 PIrFEn=to sfoCM olvtotNo nEcularMENTs j 49 GLaNCr Fon COMMoM EToCM l l I SO p;vER AGE Nuwstm O5 SHaaES OuT ST ANDtNG i St DEPm ECIAfcN CMG D TR AN$P E xPE NSE S CL E ARING l 18 275 113 7). 52 OPER ATON & W AsNT AS A % CF CPER REVENUE i 4e 1 33.4 70_4 (37.0).. 33 iNccut eEFOnt Ext ITEus as A s OF OPER REv i 1 - *, 27.4 i 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---__. k L

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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 10 215 10 215 a 526 500 606 311 528 048 78 263 4 187 000 161 679 229 895 (68 216) s I 151 400 151 434 151 012 422 s 7 58 000 50 252 44 058 6 194 e 353 100 170 969 5 653 165 316 9 I to 11 12 I 13 1 276 000 1 150 860 958 666 192 194 i4 476 500 253 240 137 264 115 976 I is I 16 18 19 20 21 196 (153) 349 22 I 24 23 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 166 361 ll l 33 L26 100 1 255 079 i RR 718 34 62 200 62 177 72 296 (10 119) 3s 2 400 2 337 2 337 36 2 088 (2 088) 37 37 100 20 966 24 012 (3 046) 3e 39 I l 40 101 700 1 85 480 i 100 733 I (15 253) ll I 41 32c 400 1 169 599 i s12 015) I 181 614 il I 42 'I l 43I 44 l 45 I de I 324 400 169 599 (12 01,51 181 t14 4y 4u l l 49 I so 1 256 3 300 (2 04c) si 40.7 55.4 09,2 (l 3.8) s2 18.5 12.1 12.1 53 I SS s4 _ _ _ - = - .u

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- 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 u rizermE 58 875 169 599 vorAL 3 089 317 3 089 317 g r en: 3 oEctA=Eo Amo/on Acenuto g Ea E giu:rmENTs to aETAiuto EAnnisGs I DNCOME TARES TOTAL 3 089 317 3 089 317 App::PRI ATED RETAINED EARNINGS. AT END OF PERIOD I sma 5 i' i I 3 L g I i I I i i g 6 I i.p.pa lhr - mas.edsh @ ^ L-

l I[* DETAIL OF INCOME AND EARNED "o"**' 'a a t "a - ' " ' * " ' " ' " ' Maine and Etw Brunswick [E SU.R..P.LUS ACCOUNTS Electrical Power Compann_ Limited _ __ December, 1983 _6_ J g e.

• C#'***"

"I"' D ESCRIPTION MONTH TO DATE ENDED THl$ MONTH ]. Interest and Dividend Income Interest on h aranteed Investment and Deposit Certificate IM Miscellaneous Interest 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

= =m e ASSUS AC WER cebus

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• Maine cnd New Brunswick 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 l PLANTS l 10 936 ~ 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) j 5 400 143 5 292 014 _j _ _ 108 069 [ nova 6 anm a orme...e I I L

I' LIABILITIES AND ETHER CREDITS cO*P u f =ama Maine and New Brunswick la " k Electrical Pcwer Company. 1.imited December, 1983 l 8 Asse n NIAE WK la TOTALS ON 873 a48 y 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 I OTHER PAID-IN CARTAL 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 h3 I

DEBENTURE BONDS' ox 8 LESS REACOU RED LONG-TERM DEBT 832 000 832 000 d LONG TERM DEBT DUE WITHIN 1 YEAR 9 116 000 176 000 = NOTES PAYABLE 200 000 200 000 g ACCOUNTS PAYABLE 9 15_266 I PAYABLES TO ASSOCIATED COMPANIES TOTAL ACCOUNTS PAYABLES 15 266 7 407 7 859 PAYABLE TO SUBSIDIARY COMPANY 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 l I OTHER INTEREST l l 4 830 1 808 3 022 DEFERRED INCOME TatES l [ j l I I ACCELERATED AMDRTIZATION l LIBERALIZED DEPRECIATION l OTHER TAMES 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) 3 '400 143 5 292 074 L 100 009 TOTAL L1 ABILITIES & OTHER CREDITS j j 'LES3 CURRENT MATURITIES I I

r 3 All AUE SHECCES E E EEE~~iiE3EwIM M earm-m'el l Electric 91 Pow;r Comp ^ny, Limited Decembar, 1983 9 com u ~~ Charges Pr_ ret; DESCRIPTION AND REM ARKS bipense Account Annual Fiscal W ar, Accrual- ,"$7^"Cfg7g T To Number Estimate To Date To Date 11 t sce l lant o+.s Deferred Debits and Credits 6 287 [ Annual Aodit 932.4 186.11 6 000 6 287 1 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 l Remove Rock - #5 Intake 543.9 186.41 11 500 10 545 10 545 186.12 5 104 5 104 l___AroostookRivrr_ Salmon _Restorat_ionStudy !__ Paint Gates 543.9 ll 186.54 33 000 17 821 17 821 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 4 186.95 [ Clearing Account - variance i - _ Exchange Charges on Intercompany Transaction 253.30 (10 574)

ltscellaneous Deterred Debits 5 104 l

10 574 7._t he r De f e r_r_( d_C r e d i t s O (5 470) Total i > 1984 Project - 1983 Accruals being_ reversed h_ I L __ _ _ __ Bonds q }st Mortg. age and Collateral Trust 176 000 l p! L5-3/47,due May 31, 1989 - Within a Year l 832 000 t [Long-Term Portion ll 1 008 000 Accounts Payable 4 j voucher j 232.10 12 548 Salartes and Wages j 232.11 1 2 443 I Emplovec Stoc.k Purchases [ 232.22 i b 232.31 i I Croup __ Insurance 232.32 l Vo.l_untary Accident Insurante f Union Does 232.33 l Unvouchered Liabilities i 232.90 4 l___Prc.vinc ia1 Sales Tax [ 241,50 275 1 Canadtan Withholding Tax } 241.61 1 l l Unimployment Insurance J 241.62 l Canadian Pension 241.63 i 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) 170 969 340 568 Total--Net Income Before Income Taxes 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 170 925 Use Less: Accrued to End of Previous Months 114 000 Total Accrued Current Month 56 925 I I I u

r CITAll OF TAXES 'E 11aElcetrical Power Company, Limited. Decembe n_1983 ' natee and new stunswick r" or 5 ACCRUEO AND PREPAtD TAXES-CURRENT MONTH DESCRIPTION ACCRU ALS AND RALANCES

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PAYMENTS P R O R_A T E S END OF MONTH Income Taxes - Utility Operating Income i - 1983 5 000 56 925 44 225 l - 19T2 i - 198'l 4 I = t Total Dominion Income 56 _9_25 e Taxes Othe___han Income l 5 rT Filing Fee 30 u in Public Utilities Franchise 4 224 27 231 'e E Canada Pension (7) (7) T4 Unemployment 504 504 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 Accrued Tax _as i 72 156. 3 I .4 I as I s 7 l [ 23 ET l i lss l i.. l i I i l 0 i ( I42 i 9 n ,4. j lsa l 3 I 14 i l i [55 _ _ L_- - _ _ B.-o.......o...n,,....~,-....

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f ' aa' ai DETAll OF TAXES c*""a' a' a Maine and New Brunswick -oam l iIcasesno Electrical Power Company, Limited December 118LQ2_ AMOUNT OF TAMES B ASIS OF TAXES-THIS YEAR AMOUNT C r T AXEC FISCAL YEAR TO DATE CAME MONTH I LAST YEAR RATE THl$ YEAR LAST YEAR l TYPE AMOUNT iEs TAXES l i 170 925 I E 353 100 _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 l e I 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 4 678 I 50 252 44 058 E 43 500 it 0 is t 7 528 l 221 221 49 711 1 E 396 600 7 20 21 l 21 l 1 23 l 24 2s I 26 27 l 28 i 29 I 30 l l I s t_. l l 32 I l l 33 34 l l l1 3s 1 3. 37 l l .l ll 38 39 l I { do ll 1 di ll l 42 ll li l 43 m ll l-l 44 l ll 4s ll 4e J 47 li g 48 l ll 48 Il lt li i: i 50 c .i

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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 was son nsmi. 212 275 112 415 1 374 071 1 065 875 fm 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 ELECTRIC TY SOLD WWH i gue usaca l 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. I nisot ; int CUSTOMER DATA 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 i o. nu non : cm we. is n. t,.3t. e,.. *, u c 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 14 MONTH l FISCAL YEAR TO DATE THl$ YEAR l LAST YEAR l THl$ YEAR LAST YE AR REVENUE I 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 - Diesel-Cap. Chg. 1 667 1 000 12 667 12 000 I - Diesel-Firm Energy Total Diesel 1 667 1 000 12 667 12 000 Total Maine Public Service Co. i 165 604 86 099 1 041 873 863 339 __ 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 212 275 112 415 1 374 071 1 065 875 I i l I MWH I 447-Sales to Other Utilities l M.P.S. - Hydro-Firm 17 912 12 820 l 126 279 97 178 l - Hydro-Surplus I Total Hvdro I 17 912 12 820 l 126 279 97 178 M.P.S. - Diesel-Firm I l Total Maine Public Service Co. 17 912 12 820 l 126 279 97 178 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 Average Unit Ra te - c IGTH I L 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 l l M.P.S. - Diesel-Firm 1 -Total Maine Public Service Co. t .92 .61 l . 8_3 I .89 i l Perth-Andover Electric Light Corm. I 1.91 1.27 1.71 1.11 I NBEPC - Carlingford 1.65 1.31 l 1.66 1.10 Total 1 1.04 .76 .94 .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 95 83' 1 848 1 319 r.owN. a. GENER AL EXPENSE 5 I TOTAL MAINTEN ANCE .19 (976) 28 913 l 161 679 229 895 TOTAL OPER. EXPEN5ES .35 .55 71 771 81 175 778 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

M 'ew' h u h e'*

• e

's f6520 M A Electrical Power Company, Ltd. December, 1983 16 $/ 'UsN id l MONTH l FISCAL YEAR TO DATE r $d" l THl5 YEAR LAST Y EAR THIS YE AR LAST YEAR OPE R ATION STEAM POWER GENER ATION NUCLEAR POWER GENERATION l HYOR AULIC POWER GENER ATION .22 .20 45 704 30 329 342 772 324 391 OTHER POWER GENER ATION OTHER POWER SUPPLY EXPENSES .07 .01 13 312 2 144 45 319 26 646 Tr.ANSMISSION EXPENSE 5 140 424 200 DISTRIBUTION EXPENSES l CUSTOMER ACCOUNTS EXPENSES CUSTOMER SERVICE AND INFORMATION l l I SALES EXPENSES ADMIN. 8. GENER AL EXPENSES .07 .13 13 591 19 789 228 011 176 811 TOTAL OPERATION 1.36 .35 il 72 747 52 262 616 526 528 048 M AINTEN ANCE STFAM POWER GENERATION I NUCLE AR POWER GENER ATION HYDR AULIC POWER GENER ATION (.01) .19 (2 931) 28 094 151 788 222 636 "THER POWER GENER ATION .01 1 860 491 7 398 5 425 I _TR ANSMIS$lON EXPENSE 5 245 645 515 DtSTRIBUTION EXPENSES ADMIN. 8. GENER AL EXPENSE 5 95 83 1 848 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 576 1 869 7 425 13 999 ENGINEERING EXPENSE 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 l THIS VEAR LAST YE*R THis VEa4 LasTYEAR 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 l tot AL 5YST EM ST ate $ TICS 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 uw,, cE~Ea*Too ~ET l 20 723 15 667 150 969 121 650 Q i g 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-u wwLossEs ) 547 697 5 131 5 785 l E 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 l Jse= ssE-Co wwEEuNo 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 _ 3 097 _ _2 14:. _35 104 26 646 j 4 1 l ~ Total Ottier P:wer Supply Expenses l 13 312 2 144 45 319 26 646 E J I g l I 3 I l 4 I Em l TET AL SYSTEM ColNCIDENT PE AK l j l sTsTEu toao r*CTon isasEc o~ Co ~coE~T rEuo ( ETu na NET nwH cENEn.TEo l i { i FUEL COST CENTS FTR NEY KWM GENER TEo l

=

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

r r-ao Ta or - a o. POWER PRODUCTION EXPENSES co-ta? aus Maine end New Brunswick F1 ec trical Power rc?pany_ T i M t <-d December, 1983 18 (-j _ST ATION - Tinker TYPE - HYDR AULIC E MONTH FISCAL YEAR TO DATE HYDRAULIC POWER GENERATION THIS YEAR LAST YEAR THis YEAR LAST YEAR I OPERAllON 12 842 4 208 52 914 45 094 333 0,. 7,o s u,....s,... E ~ o, ~,.. a 13 993 8 327 105 384 100 002 336 W.Tta r om Powt. 8 220 3 140 46 142 39 759 537 M*Cm.utic E n,ENsEs 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 M AINTEN ANCE I 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 TOTAL H AiNTEN ANCE I (2 931) 28 094 1 151 788 222 616 l I 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 No...t w.T. Y.rN c7 u w H G a ~ca.Tio= 10 700 10 700 1 128 020 128 020 l I To f.L ST.Tio~ Pg.n-N ET M W 33.9 35.3 1 35.8 35.3 } ST ATION - Tinker TYRE - Int.. Combustion lI OTHER POWER GENERATION OPE R ATION s46 O*En. Tion SUPE 4 vision a E~G6~EERING l 547 FutL 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 6 983 5 345 s } s52 M.INTE~.~CE or STaucTunes ssa u..~ r ~. cs or Ge~ta.fino a EtacTaic "' I 321 11 I 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 j l TOT AL OTHER POWE R GENER ATION l 1 860 491 1 7 198 5 425 Canis Ptn NET KWH Gr~En.TED i I I M W H GENT R.Y E D-Gross l = MWH ST.Teo~ UsE l 4 3 I 35 36 _6,3 (3) H , l e; T (36) MW H GE~t e.TE D-N ET i ( 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 I Tr.1NsuissioN or Etscin+csTT ST OTNtas h MerctLLahtous TmanswissioN EmPEhsts 567 ZENTs l TOTAL OPER ATION l 140 l 424 200 CENTS PER KWH - Output To Lahts ll 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 T.thTs l j E 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) f g I TOTAL DISTRIBUTION EEPENBES l t CENis Pts KWH - Output To LnNts l DoLLans Ptn Custourm (3 9 l L'",?? # 1"a'v' &"i""' ! ^'" an 4 l i 2n INetuors Tatt Teawuino amo i 4 0034 l I 7 G*s T OF Way Qga n'NS T3Ecomeu's Fiscal Ytan To DATE Costs Om Ava naGa Nowann or Customans Fon Preson, t

I. CPERATIN3 EXPENSES. ELECTCIC 1

• * " " =

Maine and New Brunswick 20 n esa iii. Electrical Power Ccmpany m1fmft5d D cf mb_d_9_83 i MONTH FISCAL YEAR TO DATE {_ CUSTOMER ACCOUNTS EXPENSES THIS YEAR LAST YEAR THIS YEAR LAST YEAR

1. 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 13 686 19 872 229 859 178 130 DOLLARS PER CUSTOMER

• l
• 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

( EMARY' OF ELECTRIC PLANT-Cee NT Nu Maine and Eew Brunswick

• • "'"a'
    • EN.

[3R,ECIATION - AMORTIZATION ElectricalPowerCompanh, Limited December, 1983 21 TOTALS E ADDmONS ELECTRIC PLANT I %AhgTE TE^R TO DATE uCNTH 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, g in sE..CE nNCLuo.N. RETi EM ENT wo== N r O .E..> 3 214 150 12 638 144 760 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 5_113 304 (82 53_7) 9 4t+8 N'r n'cTaic P'Aar 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 l c^ = " " " = = = * " '" c'" ' c c " a " c * " 1 (69 899) i 162 138 Ew I I I I 1 I 1

m' s "" 2 "2 3 8 9 1 re ' bmec e S " D P O O IF5 kd C ce i t A wi s m T ni Y uL C r O~N B, y f wn ~R ea Np O m d o S. n nC N o a 6 it r i t n 4 6 6 6 6 4 m ee S ae 8 5 5 9 9 4 nw I t m 1 2 2 3 3 0 i o N rp aP D oi 5 1 1 3 3 3 1 M 7 pu 1 l S s q a T nE =" c N a

• i f

r " r i T p v t T a c i ^ F " e X " l o P v l t 6 4 4 4 4 6 E E c o ar 0 3 3 3 3 0 re 2 4 4 5 5 1 ep no 4 1 1 4 4 1 er 5 5 5 0 GP 0 1 1 2 3 3 F )S OS E R N G OO 0 0 0 0 0 0 I R L 9 9 9 3 3 5 TP A 3 6 6 9 9 1 A I N T C I O 9 2 2 7 7 4 E K T 6 5 5 1 R R PO 0 1 1 2 EW D 3 3 T N i R E OM FE R NTI OR G E I N I SG E R D I N M A E VI E R O I OD E C C L U U T N Q R L S n I N T C Pc A N D i S I N A o T O R N T U Y DI A O T E t O I T C R A c T T G R C E E r A O A P on AC R o P O 'a v S R R LI A L N E P R iR UV G T A H E n C R T N v MR Y i E T O O T e E US n R R A r I O O N ^ C H L n D T T O T o o I e T A i D D D T c O CN R T o N C c E E E A AI T I e O G G I P L n O S C A a R R R E r V F M F A A A R O O ON s a H H H P M c c ) C C C E E A n u X D S R S n S [ a N N N t L R R a A IP t 0 O O o E E F E L v O F e t G F 1 I s S a s St V R V N 4 YY,~ m e b i u A S S R f N v L[~ O e A ~ O o O C L A s O o R Ai o R R R c A R ~ P P P A S T s e C T N {L' o e t A ^ L ~ tll l 1l

(' 'o- ~ N'=' MEine and Ncs Krunswick M a;T ro-Piet No EgT,RIC PLANT ACCOUNTS igsm Electrical Power Company utimited December 1983 23 t I TOTALS CHANGES FISCAL YEAR TO DATE f TO D AT E ADDITIONS RETIREMENTS 3 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 l TOTAL STEAM PRODUCTION NUCLE AR PRODUCTION 320 LAND a LAmo RicHTs CTaucTunts & IMPRovtWENT. l { l REACTcn PLANT EoutPMENT Tuntoot%tRAToR UNITS l f 32$ ACCEssORT ELECTsic EouiPptNT l h g miscellaneous Po ta PL ANT EQuePMENT l ~E i l! 1 TOTAL NUCLEAR PRODUCTION l k l 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 66 938 3 034 i h f AcctssonT EttcTs c touiPut=7 k 240 360 h j 333 M.te ttt A ~tous Po.. Pt A NT Eoui -E NT comt. R AitnoAcs a s. oots I 73 920 0 gg 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 37 280 7 i sTaucTu.t. a 1=P=o,E TNT. 3'2 FotL HoLetes. PacDucERS a Accesso=>t. j; 9 062 I1 ct~txAfo s Paint MovtR$ 11 157 881 4 li 19 267 345 Accessoav Etsct= c EcutputNT ll h MisettL A%tous Pon t a PL ANT fouiPME NT 1 549 i TOTAL OTHER PRODUCTION 225 039 1 l TOTAL PRODUCTION PLANT 7 340 366 87 512 i 3 034 I g 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 CH ANGES FISCAL YEAR TO DATE TOTALg sbiCR D TO DATE ADDITIONS R ETI R E M EN T S 40g i TR ANSMISSION PLANT 8 301 35o ta~o a ta~o R,c,Ts 352 sTaucTLnts a f uenovtutNTs 678 554 28 714 1 150 353 statiou Eouir t T 354 Tc*tes a FisTunts 90 963 jn2 poles a FluTunts 105 286 356 ovtastao CohoucTons a Devicts 357 UNotasnov%o compui? I 358 UNotnGnouho CohoucTons a Devicts 359 Roads a TnalLs i I 883 104 1 28 714 1 150 TOTat TRaNswissics, tant I DISTRIBUTION PLANT 360.1 360 2 LaNo a Lamo Riswis 3 61 $7mucTunts a Iwanovtu:NTs I 362 $TATIoN EQ UIPM ENT 363 STonaut 84T1tav Ect auth7 f l 364 POLES. Tontas a Fiarunts 365 OvEnarao ComoucTons a Ctveces 366 UhotannouNo CohowiT 367 Uwetnonocho CohoucTons a Otveces l 368 Lehr Tnahstonuses I 3E6 Stavects 370 Marcas l 20 622 18 791 3711 thstaLLaTacNs o% CusTourns' Pntuists l 3712 AREA LIGHTING l I 372 Ltasto PaoPERTY og CusTowEns Patuists l 373 sTarc7 Liontiho a 5, shat sysfrus l t I TOTAL DISTRIBUTION PLANT I 20 622 i 18 791 GENER AL PLANT 389.1 3892 LAho a LANo RicMTS I I2 SinucTunts a Iwanovtuthis 3 489 l l 3 91 Orrsct FunwaTunt a EoulPMENT 11 918 11 810 6 135 392 Taa~ PonTavios Eaum t~T 450 393 Stoats EouiputNT 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 l 62 158 1 12 599 6 585 Tovat Twis swtET I 965 884 l 60 104 7 735 ToTau Previous SWEET I 7 342 653 1 87 512 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 Electrical Power Companv< Lfmited De c e:nbe r. 1983 2) 0" E. TIM ATE J T E AM W NT U CHARIE3 CH A Z. E 3 TOTAL CHARGE] cit hum;ER DESCIUPTION AUTH R ZED REQUISITION 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 3120[0}s tores, 1tnor Add. & Better. - Office Equip. 3l300 i Shop _, Lab., & Work Equip. 500 578 578 31400' Communication Equipment 211 211 Total Blankets [ 5 500 1 31.4 1 314 629 629 12900 Sequential Events Recorder 15 300 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 1ermin1,_Andover-Perth 8 600 l 96 900 (76 293) 28 085 28_085 1 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 _111 800 147 100 (68 224) I 146 060 147 616 54 800 125 900 (68 22,4) 78 /35 78 /35 Total Closed 1 Construction Wo_rk_In Prpgress 445 000 (1 861) 16 212 16 232 32800jb9LVLineToAndover-Perth 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_ _ _

• Closed Current Month f

4 W m.ier g f-v% +4M M*M

w ,'m ]G e t 6 a A 2 D 0 0 4 5 9_ 9 4 5 5 3 3 h 6 5_ P o T 4 1 0 1 / 1 4 _M 1 3 6 0 0 / la 1 1 2_ y to 3 T 3 T B 8 9 N 1 AL 0 0 4 5 9 9 8_ P 5 5 3 3 6 6 0 4 1 0 1 1 1 2 r O t e T 1 3 6 0 0 4 F b O m T o 1 1 5 M H e I T 1 D T c N e E O D R M C ) M l 9 i M _ 9 k n 8_ o C M d 3 s 9_ W e 6 W S t ( ni M um ri BL lll ) ) wey 0 9 9_ 9 1 N n e 0 3 3_ a g 1 7 8 8' e ( d p l 2 2 2 w nm a ( a o S C e M nr L e E 3 w T F o A l 1 a m P D E O e M M la T R AN n S o f i L A p Y r o N t T C A c O M P e T M l O E C 0 0 4 6 0_ 0 t 5 5 3 9 3 1 o 1 9 3 9_ 9 N 4 M 1 2 3 / 7 o t 0 4 5 S t 5 3 3 0 1 N . n 1 t i a O d1 3 1 3 6 eP 8_ I T r 9 tn I C l, S e I m U p 1 Q a MR E y o r g a E n N g h o T O n k r t s N T I a r e r t E P J o d t e i ME W r n P s h M I e o e i t R C n c m r m e p e e q t S i R E s R i v t n M e u o a R a D IT d b s q d D l t MR E e a t E n t P n s L n y A o n e o e r n t e c r v e o o m i r l_ D C_ p E t i t d e r u o t t e r t C N t h l a a e s t r MT A a d n S a B t n o t e i r i l e l e t n o L C R E s me s n o p o N r e e t s V l l l l E t_ r u t n K a a a C M o q a a t t t t E e t e t r 9 o o o R S s S T 6 T T T VO R 0 0 0 0 0 E 0 0 0 0 0 R B 3 9 8 0 8 P m M 1 2 2 2 2 U 3 1 2 3 3 Mu X X X X X N i p

( 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 Utility Property 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 11) of Bondable Public Utility Property I 151 434 (Excludes office equipment) 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 I i t

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 3 504 993 Net Amount of Bondable Public Utility Property 5 121 389 At December 31, 1983 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

( car > N' aaa W ine anc New Brunswick "oa* " "^a t a t Pg'R,OLL DATA - ELECTRIC

g --

Electrical Power Company 2 Limited December, 1983 29 l MONTH -l FISCAL YEAR TO DATE ELECTRIC DEPARTMENT g g THis YE AR LAST YE AR l THIS YEAnt LAST YE AR OP " ATION Po nta P;;.'_ DuCTsoN 29 201 21 497 234 263 213 760 I 107 278 36 Ns m ioNa oisTRisunoN I T: MEJ Accounts l Es 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 I*M AINTEN ANR 251 84 Ea PuoucnoN 5 999 3 003 51 273 48 639 T.vx uisT.oMa oism sunoN l 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 MERCH1NDI.E. JonalNG a CohTRaCT WoRR l l I 3 884 516 i 24 773 3 700 g N:T_ucnoN 3,.E : I t 50 (2) 'Fayroll Billed to (from) Affiliated Coe-N#t (13 603) til 61n 1 (126 136) (101 297) I I i I 30 853 22 665 1 260 938 232 816 TOTAL PAvRou. t LTsME INCLUCED IN TOTAL PAYROLL AsoVE I 5 845 J >J3 i 35 550 26 599 ] l j TIL ErulVaLENT STRalGMT TIME Hours l TZ-L C'IERTiuE Hours INCLUDED IN AsovE LINE l r rig.: ~i SENEFITS NINPKCDucTivE Tsut thCLUDED IN Total PatRoLL (lI g

IeTwE,

{ cai fl TOTAL FRINGE BENEFITS f NUM ' ER OF EMPLOVEES (3) EcunvEs aNo cE,T. HE*Ds 2 2 l (INCLUDE BILLING l ll f f

W O O. - ACCOUNTING

{ ( A. O O. - OTHER f INCLuot PaTRoLL. SzcpETapiEs t lT1 73 oEPT. 6 j l ormicTs e incluoE caswiENs. ETca 7 10 l j Ro -:ucTioN > wTei.ERs H j 6 i Nu EEriNG DEPT. ll l b i.e o oisTR e INcLuoE GamaGE i ETEa oEPT. f TOTAL EMPLOYEES 1 9 12 I 6 5 loTIL PENsto**Eps, ALL CEpammENT* EMA.JT EMPLovtEs incLucED Asovt 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 g.E_a,.T. P...o L.s a s o. O.ER._.Ev _ Es i g ED.N T _ vE Mo T_.., _.s ONLT, 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 t3' CaussN AT oM CouPahits-Sao* oETAIL J' NuusER or EMPLovEts IN SPACE PmovlDED ON

• Paf poll C ATa Suu uapT" SHEET.

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) ]6i 954 Cross Charge to Maine P.b11c Total _ S..,1 $@U I g ,,.r.,s.e 1n <anae;an C.,ren<. I I I I -maiin. -eeis-- -e._--_. \\}}