Text

Taunton Municipal Lighting Plant Annual Rept 1991. W/ Massachusetts Municipal Wholesale Electric Co 1991 Financial Statements & Financial & Statistical Rept for Nh Electric Cooperative,Inc for Period End Jan 1992
	ML20101M048
Person / Time
Site:	Seabrook
Issue date:	12/31/1991
From:	Blain J, Marlyniak J, Medeiros J; TAUNTON MUNICIPAL LIGHTING PLANT
To:	;
Shared Package
ML20101M003	List: ML20101M000; ML20101M013; ML20101M026; ML20101M029; ML20101M048;
References
	NUDOCS 9207080042
	Download: ML20101M048 (102)
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Oil!Cil!J INTRODUCTION . 1 e

GENERAL M ANAGf P'5 LETTE3 2 VHE M ALL COMES To TAUNTON + =

HURRICANE BOB. AN UNWELCOME OPPORTUNIT" 6 THE NUMBER ARE IN S ENSURING l.OW-COST POWER For. 2021 to TMLP EMPLOYEE LISTING _ . 12

~ REPORT OF INDEPENDENT CERTIFIED PUBut ACCOUNTANTS #3 ,

BALANCE SHEETS 14 STATEMENTS OF EARNINGS - f .) -

STATEMENT $ c/ RETAINED EARh b.Gs 13

- STATEMENTS OF CASH FLOWS -

is NOTES To FLNANCIAL STATEMENT 5 17

+

t

, - THIS ANNUAL REPORT IS DEDICATED TO MEMORY Of ROBERT J. Lvi4cH 111,1949-1991 4

o

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ef-e+ g-4w-, v

T Crati .e d;,,Li,,g, w.,,LI witt, ,,,,,,uitle ,ist. tali,,, a,, ,,

IN THE PRACTICAL, FRUGAL NINETIES, IT ISN'T GENERALITIES TH AT

,,,,i,,,lf,.. tL 1990's. 9U..,u,ye... ant ,,,,,a L adh,,y 1. ,,,,uid,,.

DEMONSTRATE A PUBLICLY OWNED UTILITY'S COMMITMENT TO iTS j inno,etive > bit uu to yme, innes, ulaile d><, wing on festedini,.

l l-MISSION. IT'S HOW WE CHOOSE TO SPEND OUR TIME EACH DAY.

ou,logy andy>, van y,ob.ies . . ta s , celli,e ctua($nges ofil,e /stu,v.

A L

7, ACH YE AR PRESENT! NEW OF PO8tTUNITIES TO FULFILL OUR MISSION AS A h>BLICLY OWNED UTILITY. NINETEEN HuNDRED AND NINETY-ONE W AS NO EXCEPTION.

THERE CERT AINLY W AS *BUSINE3S AS USU AL* AT TMLP IN 1991. OUR POWER PRODUCTION DEPARTMENT FRODUCED 184,131 kWH OF ELECTRICfTY AND ACHIEVED A 89.3 FER CENT AVAILABILITY RATE. TRANSMIT,5!0N AND DISTR 8UTION INSTALLED 9 Mitts OF LINTS,408 POLES, AND 188 TR~NSFORMERS. ENERGY SERVICES AND PLANN.NG nEnT Oust RATES AumlG THE LOWEST IN NEW ENGt AND FOR vtY ANOTHta 3

YEAR CUSTOMER SERVICE REPRESENT ATivES INSTALLED 394 AEW METERS ANf' FIEl.DED AN AVL RAGE OF 2,750 TELEPHONE INouiRIES PER MONTH. IN ADDITION, THE UTILITY M ADE ANOTHER RECORD-HiGH,IN LIEU-OF T AX CONTR.Bul EON OF $2.36 Mitt'ON TO THE C TY Or TAUNTON, AND NEGOT6ATED TWO NEW THREE-YEAR CONTR ACTS WITH OUR EI4PLOYEES* UNIONS.

GUT THE *RE AL STORIES

OF 1991 WERE H ARDLY DUS) NESS AS USUAL. THEv WERE AS DIVERSE AS THEY WERE EXCITING. THEY WEkE THE PROJECTS AND EVENTS THAT M ADE 1991 UNIQUE.

SILVER CITY GALLERI A, A NEW l .2 MILLION SQU ARE FOOT SHOPPING CENTER THAY eq0F E GROUND IN t. . TAUNTON, IS CNE WCH STORY, FOR TMLP,IT W AS MORE TH AN A WELCOMED OPPvRTUNITY TO SERVE NEW CUSTOMEh r WE SAW TM MONTHS WE SPENT WOR =ING WITH s THE DEVELOPERS, LE ARNiNG NEW TECHNOLOGIES, CONDUCTING REll ARitlTY STUC'ES, AND PREPARING THE ARE A

! i FOR NEW CUSTOMERS - REPRESENTING AN ADDITION AL 1O MW CEMAND FOR . OWE R - AS A W AY TO SUPNRT A

\

MUCH-NEEDED BOOST TO THE ECONOMY OF OUR SERVICE TERRITORY. NOT UNEXPECTEDLY, WE ALSO S AW PLANS b FOR STRIP M ALLS ST ART TO ROLL IN.

A HURRICANC NAMED BOS SERVED AS ANOTHER OPPORTUNITY, ALBEti UN WELCCME, TO CEMONSTRATE 2,e N[ul.j,,i.d, f .,.i3d we OUR COMMITMENT TO CUSTOMER SERVtCE AND A LONG TR ADITION OF TEAM WORK AMONG ALL TMLP EMPLOYEES. THOUGH HUREUC ANE DOP COMM ANDED OUR ATTENTION FOR LESS TH AN A WEEK,IT TOO M ADE 1991 A YE AR TH AT TMLP- AND ALL OF SOUTHE ASTERN M ASSACHUSETTS

- WOWT SOON FORGETc L.GHTW AVES. CUR AW ARD-WINNtNG COMMERCI AL AND INDUSTRI AL E NERGY CONSERV ATION PROGR AM, E ARNED SPECI AL ME NTION AGAIN IN THIS ANNU AL REPORT. FOR THE FIRST TIME SINCE ITs INCEPTION N 1989. WE ARE ADLE TO RE*CRT STATISTIC ALLY ITS EFFECTIVENESS i

. = = =

pg e h 4Od $ ',,'-MM

. . . . . ...-. . .- . .. . . . . , , .. ..,,......- w m l

l

, IN REDUCtNG ENERGY CONSUMPTION - AND THE MCNIHLY ELECTRIC BILLS OF LIGHiW AVES PARTICIPANTS WE ARE ESPECIALLY GRATIFIED THAT LIGHTWAVES RLDUCES FIRED COSTS FOR THE LCHOOLS IN OUR SERVICE TERRif 0RY,

' h AS THEY TRY TO COPE vtITH SEbCRE CUTB ACMS IN FUNDING.

,M/[efj$[!=ral.a..Sintunj THE TAVATON LNERGY CENT ER, OUR PROPOSE D COAL + FIRED GENE R ATING F ACILITY, M ADE M AJOR LE APS FORW ARD IN 1991. THE TEC PROJICT T E AM SECURED ALL LOCAL PERMITS NECESSARY FOR T HE GROUNDBRE AkING, SCHEDULED FOR LATE 1992.

ladFonTANTLY, THEIR FORTHRIGHT AND TIRELESS COMMITMENT TO PUBLIC EDUCATION EARNED THE APPROVAL OF TAuNTON VOTE RS. THE M A JORITY OF WHOM EXPREh, ~ **D SUPPCni FOR THE PROJECT THROUGH A NON BINDING OUE5flON ON THE f40VEMBER BALLOT. wg s WHILE THE TEC PROJECT STANDS AS A CLE AR EX AMPLE Or OUR COMMITMENT TO PROYlDE SAFE, LOW-COST ENERGY FOR THE FUTURE, WE ALSO FOCUSED ON REllABLE, COST-EFFECTIVE ENERGY FOP THE NEAR TERM, OUR POWER PRODUCTION DEPARTMENT COMPLETED A MAJOR OVEPHAUL OF UNIT 9'S BOILER, STEAM j. upd hn/.,,,. .O,,in u.

AND GA5 TURBINES A MULTIMILLION-DOLL AR FROJECT IN PL ANNING FOR MORE TH AN A YE AR THE UNIT W AS DIS ASSEMBLED, FULLY UPGR ADED AND BACK ON LINE IN JUST UNDER NINE WE[KS - A TRIBUTE TO THE EFFICIENCY OF TMLP'S EMPLOYEES, AND A PROJECT THAT WILL IMPROVE THE EF FICIENCY AND REll ABILITY OF THIS V ALU ABLE SOURCE OF LOC AL POWER FOR M ANY YEARS.

SERVING OUR CUSTOMERS' DAILY NE EDS SUPPORiiNG ECONOMIC DE VELOPMENT AND GU AR ANTEEING AN ABUNDANT $UPPLY OF SAFE, ,

RELIABLE, LOW-COST E NERGY 15 THE HE ART OF TMLP'S MISSION. 1 AM PLEASED TO OFFER THESE FIVE STOR!ES AS TEST MONY THAT TMLP HAS BEEN FAITHFUL TO THIS MISSION IN 1991. MORE THAN A

SUMMARY

OF MEY EVENTS, THEY REM 4ND US NOW AND IN THE FUTURE THAT HOW WE CHOOSE TO USE OUR TIME EACH DAY 15 THE BEST MEASunE OF OUR COMMITMENT TO THE CUSTOMERS WE SERVE.

/ /

, , /), ,

JOSEPH M. BLAIN, GENERAL M ANAGER

__ _ _ _ _ . _-_ 1 __R_

.. - - . - . ~ . . _ _ _ - . . - . - . . . - - . . . - . . . - ~ -

- - _ _ . , ~ . . . , ~ . . - - ~

St,c E lf C~,,cs u L a__,_ . . . _ . _ . _ _ _ _ _ ~ . . . .

NEWS or SILVER CITY GALLERI A'S GROUNDBRE AKING TR AVEL ED F AST IN SOUTHE ASTERN M ASSACHUSETTS IN 1991. FOR THE

$50.000 RESioENTS WHO LIVE WITHtN 15 MINUTES OF THE SITE, A NEW TWO LEVEL, STATE-OF THE. ART SHOFFING M ALL ME ANT MORE THAN CONVENIENT ACCESS TO 1.2 MittiON SouaRE FE ET Or F ASHION, f OOD AND ENTERTAINMENT. IN THE MtDST Of A RECES$lON. IT REPRESENTE D A $93 MILLION CONSTRUCTION PROJECT,2000 CONSTRUCTION JOBS, AN ESTIM ATED 2,400 PERMANENT, TUlt TIME JOBS AND $1.3 MILL!ON ANNU ALLY IN NEW LOCAL TAI REVENUES, IOO1/nl*

IN ADDITION TO NEW JOBS AND T AX REVENUES, YHE DEVELOPERS ESTIM ATL D TH AT THE M ALL WILL BOOST THE j' EOCAL ECONOMY BY GENERATING $200 MILLION IN DIRECT RETAIL SALES AND $188 MILLION IN INDIRECT SALES 9071/?f' ANNUALLY. IN SHORT.ON M ARCH 1,1992 THE JUNCTURE OF ROUTES 140 AND 24 IN EAST T AuNTON WILL BECOME THE ,

SITE OF THE LARGEST - AND PERHAPS THE MOST LUCRATIVE - SHOPPING M ALL IN SOUTHE ASTERN M ASS ACHUSETTS.

-l-FOR TMLP 53LVER CITY GALLERI A W ASN'T JUST A NEW CVSTOMER. IT W AS A GOLDEN OPPORTUNITY FOR THIS NOl/Uf' PUPLIC UTILITY TO PLAY A ROLE IN BRINGING A MUCH-NEEDED ECONOMIC BOOST TO OtJR CORNER OF THE COMMON-WE \LTH. IN LIGHT OF THIS IMPORTANT PART OF OUR MI!S ON, THE M ANY HOURS OUR TR ANSMtSSION AND OlSTR!tlUTION i

DEPARTMENT INVESTED IN PSIEPARING THE Sti! FOR ELECTRIC SERV:CE W AS TIME WELL SPENT - AND A "JOS WELL Tat htw amA wu.L meatest Ft AM Ott, A*e0 ev AN EsT!M A'f D DONE,* ACCORDING TO THE DEVELOPER'S REPRESENTATlVE HENRY C. SUOMINEN,)R. 10 8% rw 1991 "l W ANTED TO T AKE THIS OPPORTUNITY TO PERSONALLY TH%NK THE TMLP ST AFF W HO SO TIRELESSI Y WORME D ON OUR PROJECT AS ONE MIGW, MPECT. Nt.W TECHNOLOGY INTRODUCTION REQU!RES PEOPLE TO CLIM8 A LE ARNING CURVE AND GIVEN THE F AST TR ACK N ATURf OF OUR CONSTRUCTION IT W AS A STLEPCURVE AT TH A T," MR. SUOMINEN WROTE IN A LE TTER TO TMLP'S ENGINEER:NG DEPARTMENT "EvERVONE AT TMLP WORMED H ARD TO COMMUNICATE WilH OUR CONTRACTORS TO ENSURE WE RECElVED ON-TIME DELIVERY OF A FIRST CLASS POWER 4

.. k .

, h! -

' 29 . Relocation of esisting linn is i

im en inoers awei wM, , A complete i.ep. fed L1tD p lutrical distribWee system k" ,W!M undertaken for new overposs '

all tong, din ers eed controc. M h constructies y hosuest m rette itity is stressed 1 L v a n d.ORW '(; & u w m e.9%..#y.g N NW is designed .t

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4 4/1

. . - . - . . . - - . . . . ~ . . -

OtSTRBUTION INST ALLATION AT CUR PROJECT.*

TMLP'S ROLE BEGAN AS A TECHNIC AL ONE. BEFORE GROUNDBRE AMING. TR ANSMISSION AND DISTRIBUTION E NGINEE RS WORetED 0RECTLY WITH THE DEVELOPERS AND THEIR CONTR ACTORS TO DESIGN A O!ST Rf BUTION SYST E M FOR THE 10 MW Or POWER THE M ALL WILL NLE D d WHEN IT COMES ON LINE IN 1992. IT REQUIRED COMPLLTE LOOP FED URD DESIGN INCLUDING AUTOM ATED LOAD TR ANSFER, THREE NEW CIRCUtTS, SU8si ATION EXPANSION. 33.000 FEET OF UNDERGROUND CABLE, AND UPGRADING EXISTING CIRCUITS. DESIGNED FOR MAXIMUM 1

REllABILITV. ANY LINE FAILURE WOULD ONLY RESULT IN A MOMENTARY OUTAGE AT THE FAClllTV. AND DOUBLE CONTINGENCIES WOULD H AVE l

TO OCCUR TO LOSE POWER TO THE M ALL.

IN ADDtTION TO INST ALLING TRIPLE-CIRCULI SERV:CE FOR THE S!TE. SUBST ANTI AL CHANGES WERE NEEDED TO FACILIT ATE THE CONSTRUCTION OF A NEW BRIDGE AND M ALL ACCESS RO AD. TO ASSURE ELECTRIC $ERV!CE W AS AVAILABLE IN A TIMELY M ANNER, OUR LINECREWS WENT TO WORK IMMEDIATELY AFTER GROUND 9RE ANING THEIR WORM INCLUDED LINE RELOCATION, UNDERGROUND CONSTRUCTION. AND VOLTAGE CONVERSION.

AT TMLP WE LOOK FORW ARD TO WELCOMING StLVER CITY GALLERiA'S ? SO TENANTS TO OUR SERVICE AREA. FOR US. THE CONSTRUCTION FH ASE Or THiS PRO iECT W AS CNE OPIORTUNITY TO DE MONSTR ATE OUR COMMITMENT TO LOC AL ECONOMIC DEVELOPMENT. THE GRAND OPENING WILL PRESENT AT LE AST 160 OM'ORTUNITIES TO PROMOT E EFFIC'EN1 USE OF CUR ENERGY RESOURCES AND DEMCNSTR ATE OUR I

l COMMITMENT TO CUS SMER SERVICE.

E .

l i. 9f G u Pgy p The.loeg outMpeted Gran h i

'.' I g' obsgo converslos progress Openleg of the $dvor Oty .OM

.. '"O la seded sad approved.' Gallerie occort on time'en D.

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Itl'I' CttIt (* > y to ti et We Costte j1l Joe'lu tt 5ltj ON SUNDAY. AUGUST 19.1991 TMLP PREPARED FOR THE WORST. HURRACANE 000, SEVERAL HUNDRED MILES DOWN THE COAST, W AS HE ADEn f 0* ARD SOUTHE AS TERN M ASS ACHUSETTS.

1 ON MONDAY MORNING PL ANS AND SCHEM ATICS WERE LAID OUT. LINE TRUCKS WERE STOCPED. INVENTORY W AS REPLENISHED SAWS l l

WEHE $HARPENED. ALTERNATE FUEL SOURCES WERE IDENTIFIED FO9 TMLP TRUCKS. AN EMERGENCY PHONE CENTER WAS SET UP 10 HANDL.E THE EXPECTEDINFLUK OF CUi'OMER C ALLS. HOTEL RESERV ATIONS WE RE M ADE FOR OUTS:DE CREWS. COTS WERE SET UP rOR TMLP E MPLOYEES.

A COuMUNICATioNS LINK WAS EST ABLISHED WITH THE LOCAL MEDI A AND THE TAUNTON CivlL DEFENSE.

BY 11:45 A.M. ON AUGUST 70, Boe WAS ONLY 85 MILES south Or PROVibt NCE AND APPROACHING FAST THE HunRicANE HIT THE i

SERVICE TERRITORY AROUNO 1:30 P.M. BY 4.00 P.M.,23.000 Our or 28.500 TMLP CuSTOMEPS HAD LOST POWER.

l A ROUND-THE-CLOCK RESTOR ATION LFFORT CONTINUED THROUGH FRIDAY AT MIDNLGHT. THE LINE CREWS,$ueST ATION CREWS. METFR i

DEPARTMENT, METER RE ADERS AND CUSTOMER SERVICE REPRESENTATIVES JOINED THE E FFORT MUTUAL AIDE ARRIVED TO ASSIST TMLP's ;

a' CREWS, THEY INCLUDED AJBLIC POWER CREWS FROM DURLINGTON. VEPMONf, BRA'NTREE. GROTON AND HOLDEN, M ASS , AND HALPIN LINE CONSTRUCTION OF HtMHAM, M ASS.

ALL THE E.,lPLOYEES DID A " TREMENDOUS JOB UNDER TOUGH CONDITIONS AND STILL M A.4 AGED TO KEEP SMILING,* SAto J AMES a

I MITORILIS, OWNE R OF JIMMY'S REST AUR AN f IN T AUNTON. MR. MITORiLIS W AS ONE OF Th.'EE TMLP CUSTOMERS WHO VOLUNTEERED TO OPEN f

THEIR DINERS TO TMLP AND MUIU AL AIDE EMPLOYEES DURING THE RESTOR ATION EFFORT. HE. HIS WIFE Ev ANGELA. AND THEIR D AUGHTER GOT i

A Cl OSLn / VIEW OF COMMITMENT OVER THE NEXT THREE DAYS _

"THEY CAME IN SOAKING WET. NOT WF.. STING TO GO HOME TO CHANGE, JUST T ALKING ABOUT HOW TO GET THE JCS DONE OutCkt MR. MITORitts S AID *ONE THING THAT (MPRESSED ME WAS TH AT THEY'D BE OUT THERE FOR 20 HOURS STR AIGHT. COME IN FC'R FIVE M!NUTES t

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- 21 SsMIL AR SENTIMENTS WE NE ALSO ERPRESSED By TMLP CUSTOMERS LtKE BE ATRICE SOARES. *)(>OWT THlhn

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ENOUGH FCOPLE TAME TJME TO THANK THE TMLP ron ALL THEY DO," 5A4D MRs. SOAREs. A WrDOw. 1 Live ALONE, I mlkesul peu tv AND I JUST DON'T FEEL 5AFE WITHOUT ELECTRIC POWER. AND RE ADiNG :<Ow LONG NE CHeORING COMMUNITIES Wtat b** """b 80 -

WITHOUT 17 AFTER THE STORM. WELL. f JUST TEt t (UCKY FM A TMLP CUSTOMER." i DURING THE RESTORATION EFFORT THE CUSTOMER SERWCE REPRESENTATfVES FIELDED MORE THAN 6000 "

TELEPHONE ~%LS OUR LINE CREWS LOGCE*J 3.300 HOURS TO REPAIR THE C AM AGE TO OUR TR ANSMISSION AND DISTAleuttON NETWOR( JhCLU0iNG 38 POLES, NUMERCUS WLES OF DOWNED LINES, AND 10 TRANsrORMERs. i

. aIio DNCREDsBLT. NO INJURsES WERE REPORTED.

OOOO THOUGH iT OCCUPIED OUR ENERGIES FOR LESS TH AN A WEER HURRICANE DOS WAS A MEY EVENT IN 1991. : Mo= oar Aucust 20

2. TutSCM. August 21 3 Wrcutsoar. Auoust 22 NO SINGLE EVENT IN RECENT MEMORY #$ A BETTER TESTJMONY TO THE DE0! CATION OF THE 7MLP TE AM THE fNsuRANCE A. Tauescar Aucust 23 INDUST RY RANKED 000 AS ONE Or THE MOST EitPEN$pVE HURRIC ANES IN HISTORY. IT CAUSED MORE TH AN $1 BILLION TN DAM AGE THROUGHOUT THE COMMONWE ALTH. TOR TMLP EMPLOYEES, HURRICANE BOP WAS ONE OF THOSE UNWELCOME OFFORTUNff1ES TO DEMONSTRATE THEIR COtautTpgNT TO CutTOMEg SEmCE.

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t2 88 lit Cl*.1 LT l'C el IN 1989. THE NUMB!RS M ADE SE NSE. lF MODERN LIGHTING TECHNOLOGY W A3 INST ALLED BY ONLY A FRACTION OF TMLP'S l l

COMMERCIAL AND lHOUSTR!AL (Cal) CUSTOMERS, WE COULD SUBSTANTIALLY CUT DEM AND AND OUR CUSTOMERS COULD SAVE MDRE TH AN $5 l

V >N OVER THE NEXT TEN YE ARS. IN 1989, HOWEvER, THOSE NUMBERS WERE ONLY ON PAPER. IN 1991, TWO YE ARS AFTER THE

{ IMDLEMENTATION OF LIGHTW AVES, THOSE NUMBERS WERE ACTUALLY SEEN ON OUR CUSTOMERS' WON 1HLY ELECTRtc BILLS.

THE SUCCESS OF LIGHTW AVES. A PROGRAM THROUGH WHICH TMLP CONDUCTS ENERGY AUDITS AND INST ALLS ENERGY-SA'"NG L AMPS AND FIXTURES FOR C81 CL'STOMERS, C AN BE MEASURED IN M ANY W AYS. IT H AS E ARNED N ATIONAL AND INTERN ATION AL i l

I RECOGNtTION AS AN INNOVATIVE APPROACH TO ENERGY CONSERV ATION. MORE THAN 95% Cr OUR CUSTOMERS WHO I'

REGUEST INFORM ATION APOUT LIGHTW AVES BECOME PROGR AM PARTICIPANTS. MORE TH AN FOUR WILLION SQU ARE' FEET i .t fLI AT 92 Cal SITES THROUGHOUT OUR SERVICE TERRI'ORY H AVE ALREADY BEEN RETROFiTTED WITH ENERGY EFFICIENT LIGHTING. REDUCTION IN USAGE DIRECTLY ATTRIBUTABLE TO L.GHTWAVES" INSTALLATIONS HAS RE ACHED 6.739,892 i=2 i l, KWH PER YEAR, WH3CH REPRESENTS AN ESTIM ATED YE ARLY SAVINGS Or $505,492 FOR LIGHTW AVES' PARTICIPANTS. , l i

FURTHER SAVINGS TO DATE INDICATE TH AT TMLP HAS ALRE ADY ACHIEVED ITS GO AL SET IN 1989 TO SAVE MONE TH AN i i 6 '

$5 MILLION OVER THE NEXT 10 YEARS.

i GGG i THE SUCCESS OF LtGHTW AVES CAN ALSO BE MEASURED BY TALNING TO CUSTOMERS LIKE OR. Li(CEN RATE 37. INDUST.iR l

RATE 21, $M. ECuuCRC4 I WILLIAMS. SUPERINTENDENT OF R AYNHAM SCHOOLS. ADMITTEDLY,$HE WAS $KEPTIC AL AT FIRST,* CAUTIOUS TO ACCEPT RnTE 3 h (G. Comme.an A PROGRAM THAT PROMISED TO SAVE You MONEY,*

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SAvtNGS wtRE IMPORTANT. BUT OU Alff Y OF LIGHTING W AS EOUALLY IMPORT ANT FOR ME. SOME OF OUR BUILDINGS D ATE B ACK TO THE 1920*S AND I W AS VERY INTERESTED IN WHETHER WE WERE GOING TO BE ABLE 10 IMPROVE THE LIGHTING IN THOSE SCHOOLS IN THE END.

ALL OF US- TE ACHERS AND STAFF- WERE VERY PLE ASED. llGHTW AVES EllMINATED D ARK. SHADOWY AREAS IN CLASSROOMS AND REPLACED THEM WITH A SR$GHT. WELL LIT ENVIRONMENT WHICH IS VERY CONDUCIVE TO L E ARNING.

AND IT H AS SAVED US MONEY AS PROM:SEO - MONEY TH AT IS ABSOLUTELY CR!TICAL TO EDUC ATION IN THl$ COMMgNITY. THE MORE WE CAN SAVE.THE MORE WE H AVE TO BUY THE M ATEkI ALS THE CHILOREN NEE D. li's A GOOO PROGRAM - PUBLIC ENTITIES WORul.vG TOGE THER TO M AKE THE MOST OF THE RESOURCES WE HAVE, TO MAME THE MC'ST OF OUR ENVIRONMENT. AND THE MORE WE DO THis. THE PETTER Orr WE*RE ALL GOING TO BE."

TMLP'S ENERGY SERVICES AND PLANNtN *.i DEPARTMENT ESTIM ATES TH AT R AYNH AM SCHOOLS WiLL hEDUCE THEIR ELECTRIC BILLS ,

j eY s83.983 OvER THt NExT rive YEARS. rOR THt SAuE PERIOD. THE COMs NED SAVINGS roR Att toCit SCHOOt SYSTEMS WHo HAvE PARTICIPATED TO DATE tN llGHTWAVES IS ESTIM ATED AT $426.533.

THE NUMBERS ARE IN - FOR OUR SCHOOLS AND OTHER Cal CUSTOMERt. THE 51.27 M!LtiON AND EXTENSIVE MAN-HOURS WE INVESTED IN llGHTW AV ES IN 193115A TESTIMONY TO THE EFFECTIVENESS OF ENERGY CONSERV ATION AND TO TH'S UTILITY'S CouMITMENT TO ENERGY EFFIC:ENCY AND LOW COST POWER.

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THE T AUNicN ENE kGY Ct n f t R, A sT ATE Or-T HE- ART, COAL-f IRE D GE N E RA TING ST ATION 15 ONE OF T HOSE FROJEC TS, AND M AJOR M L ESTONES MARK ED THE ROUT E TO ITS GROUNDORE A nanG. 5CHEDULE D FOR L A T E 1992. IN E ARLY J ANU ART T AUN TON'$ CITIZE N 5 0S EustGHT COMMITTEE, AN mDEFENcENT CROssetCTiON OF THE COMMJN;TY FORMED IN 1990 TO STUDY THE NEED Foil NE W E NERGY SOURCES IN OUR ARE A. OF F (CI ALLY RECOGN!2E O THAOUG,4 s. e 0% AL YOT E Of 11; ME h*Pf RS TH AT T M LP NEEDED THE [ R T R A FQ W(if $QUR;[ )[ PIT;ON AQy, IN NOVE MBER A M AJORITY Or T AUNTON VOTE PS ENDOR5ED THE PROJECT THRDUGH NON BINDING B ALLOT OuESilONS.

HOME RULE LEC!SLATION, PREPARE D B f TMLP COMMISSIONERS AND THE TAUNTON CITY COUNCit. W AS "ASSED B r THE STATE LEGISLATURE. IT AL LOWS TMLP TO ENTER A 20-YF AR LE ASE AGREEMENT WITH THE PROJECT DEVELOPERS AND RECEIVE LE ASE PAYMENTS OF

$1.1 MILLION A YE AR. INCHF ASING BY THREE PERCENT ANNU AU Y ~ INCOME TH AT WILL DE USED TO OF r5ET THE COST OF POWE R w E PURCH ASE FROu TEC T HE LEGISL ATION ALSO ALLOW 51HE CITY OF T Aur TON TO ENTER INTO A NEGOTI ATED T AR AGRE EMEN T WITH THE DEVELOPERS.WH!CH WILL NE T THE CITY $26.7 MiLLION OvFR A 20 YE AR FER!OD.

THE TEC TE AM ALsq SECURED ALL LOC AL APPROV ALS. PERMl!$ AND V ARIANCES NEEDED FOR CONSTRUCTION HEIGHT V AR! ANCE; UN ANIMOUS APPROV AL bY TAuN TON'S DE V E LOFMLNT IMPACT REV6C

DO ARD. PL ANNING UOA RD, AND CONSE RV ATION COMMISSION AND SITE PLAN APPROV AL Fl4GM THE T AUN TON CITY COVNCil, IN A*'Df ilON, THE M ASSACHUSETTs OEPARTMENT OF ['NVIRONVENT A L PROT ECTION CERTIFIED THE PROJEC T MET OR EXCEEDED ITS ENV6RONMENI AL PEQU6RE Mere TS.

FINALLY, A CONTR ACT WA5 5fGNED DETWEEN TMLP AND THE OE% ELOPER THIS YEAR. TH E CcNTR ACT'S STF:NGENT ENVIRONMENT AL AND FIN ANCIAL REQUIRE MENTS - INCLUD NG A M ANDATE TO EMPLCY LOC AL UNION EMPLOYE ES DURING CCNSTRUCTION - WlLL SERVE CUR Teuntos voters endsne the Over 250 engineers and g gg To:sMon leergy Center croffspenent begin major

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I(1ll1i CUSTOMERC FUTURE NEEDS FOR Sari. LOW-COST ENERGY AND PROVIDE A STHE AM OF NEW REVENUES AND JOSS TO OUR SE RviCE TERR! TORY.

THOUGH LONG TERM ENERGY PLANNtNG W AS THE DRIVING FORCE BEHIND e EC ACTivtTIES IN 1991, WE ALSO FOCUSED ON IMPROVING THE EFF'CIENCY AND THE COST EFFECTIVE RELIABILITY OF Ob4 CURRENT EAERGY SOURCES.

IN THE FAlt or 1991. MORE THAN 200 TECHNICAL ENGINEERS AND CR AFTSPE RSONS JOtNED OUR 64 PE RSON, CLE ARY f(DOD GENER ATING ST ATsON TE AM FOR A M AJO* OVERH AUL OF OUR 110-MEG AW ATT. COMB;NED-CYCLE. STE AM AND G AS - f 4.T T.,RBINE CENER ATOR. ALL Gt.NERl. ' OR PARTS WERE TES1E D AND UPGR ADE L MODERN SUPER HE ATER AND fr../3/Nf k G Nil i

ECONOMlZER TUDES WERE INSTALLED IN THE Bot (ER. THE OVERH AUL ALSO INCLUDED THE INST AL L ATION OF A g9 NEW ST ATE Or-THE ART ST ATaC EXCITATION SYSTEM, STACK AND COOLING TOWER REFURB!SHING AND E XTENS:vE i - - 10.1 WORK ON THE M ANY AUXILI ARY SfSTEMS. IN ADDITION. BECAUSE THERE W AS NO EXISTING DOCUVENT ATION FOR ,

CONFtGURATION CONTROL, POWER PRODUCT 0N PERSONNEL US' THE OVERHAUL AS AN OPPORTUNITY TO CRE ATE AND COM:1TTu 'IE SYSTEM DIAGRAMS TO F ACILIT ATE FUTURE TROUBLESHOOTIN's AND REPAIR.

T% e aHAut. WiLL iMPnovE THE EFFICIENCY AND REllAB!LITY OF UNIT 9. Two FACTORS THAT DETERMINE THE COST OF POWER WE PURCHASE AND THE RATES WE CH ARGE CUR CUSTOMERS ti ALSO SERVES OOOOO 1: TML P AS A FITTING INTRODUCTION TO 1992, A YE AR ALRE ADY DUSBED *THE ErrtCIENCY IMPRov EMENT YEAR"B y TMLP'S 2- M A$$. EL(C4C

3. BOSTON EDISC4 4 Ea$ TERN EDISC8e

5. Coww Ettctec POWER PRODUCTION DEPARTMENT.

IF THESE AND THE OTHER KEY PROJECTS TH AT CCCUPIED OUR TIME TH:S YE AR ARE ANY INDIC ATION OF THE FUT URE,ONE F ACT IS CLE AR:

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AT TMLP WE ARE PREPARED TO PROVIDE OUR CUSTOMERS WITH S AFE. RELI ABLE, LOW COST ENERGY AG AiN IN 1992 - AND FOR AY LE AST THE I

NEXT THlRTY YE ARS, i

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A computertred system h The overliaul h templeted os l ykedufe. plans are goderway created to focllltate futura trochleshooting and repalt. for more opgendes in 1992.

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h OV 12 tit l9 J 08G MICHAEL ADDOTT ROBERT DRAKE JENNIFER LOVE THOM AS POWERS WILLIAM ADAMS JOHN DUBENA KELLY LOZINSKl JOHN PUNDA ANTONE ALMEIDA, JR ARMAND EMOtaD RONALD LUND PETER REILLY LAWRENCE ARIETA MICHAEL EMOND ROBERT LYNCH D045 M.RENAUD

. AsCHARD ARRUDA JOAf4 FARIA WILLIAM LYONS LEON ARD ROCH A RODERT BACH CHARLES FARRELL FRANK M ACEDO STEVEN ROGERS DRETT BAKER JOSEPH FERNANDES DANIEL MAHONEY BRENDA ROOSE BRIAN BELANGER MARaA FERN ANDEZ LINDA M. M ASON M ANUEL ROSE

' JOHN B1510 GLENN FERREIRA GEORGE M ASTIN, $R. STEPHEN ROSE M ARK BlS$ONNETTE RON ALD FERREIRA CHARLES MCCAFFREY RONALD ROY MARK BLACKWELL, JR. DAVID FINK JAMES MCDERMOTT ALBERT S ANTOS M ARK DLACKWELL, SR. - CRAIG FOLEY FRANCIS MCDERMOTT MARK SEEnELL

~ JOSEPH M. BLAIN CHARLOTTE FOURNiER J JHN MCDONOUGH JONH F. SEMAS RICHARD BOLDUC FERNANDO FR ATES OtANE MCGRATH JOHN M. SEMAS LEO BOUSQUET ERNEST FRESTA LAUREL J. MCGRATH ROBERT SILV A TOMMit BRUCE DOUGLAS FURTADO JOSEPH McKENNA EDMuND SILVEIRA VICTOR BUOYE PAULA GAL iGHER JOHN MCRAE K ATRIN A SIWEIRA DING CHAN 1- FRANK GILL LAWRENCE MECEIROS C tNTHIA Sit FRE D CesAMLER THOM AS GOGGIN ROeERT MEDEIROS DEeRA SILVIA ROBERTA CHESTER FIELD EDW ARD GOULART RONALD NEDC1ROS GREGORY SIMMONS CYNTHIA CLARK - KENNETH GOULART ERNEST MELLO RITA SMITH

' WALTER CLARKE ROLAND GR ANDMONT PAUL MENARD ROBERT SMITH CAROL COLLA .AN JOHN HAGGERTY PAUL MERCIER KATHLEEN SMYTH M ARGARET COOKE MICH AEL HAGOPIAN JOAN MULCAHY FRANCIS SOARES D *.VID CORDEIRO MANUEL HATHAwAv WILLIAM NICKERSON N ANCY STANKIEwfCZ DAVID COSTA MICHAEL HORRIGAN JOSEPH NOBERINI- KEVIN STEADM AN

. STEVEN P, COTE J AMES 1RVING DAvto H.OWEN WILLIAM STROJNY MICHAEL P. COTE WALLACE JONES AllCE PACHECO R ALPH STROLLO. JR.

- RUSSELL DEM AR . KEVIN J KIERNAN D6ANit PAlvA JOHN THOM AS

. JOSEPH DESMOND - PAULETTE KINGSBURY RICHARD PARKER JUDITH TORRES LAWRENCE DETHOMAS STANLEY KOSS.JR. DAVtD PEREIRA JOHN VALCOVIC WAYNE DocON ROBERT KR ANTZ FR ANCIS PERElRA JOSEPH VASCONCELLOS DAYLE DOANE MICHAEL LARKIN.JR. MANUEL PEREIRg . RICHARD VELET LORRAtNE DONAHuE . ROBERT LARKIN WILLI AM PHIPPS ANN A M AY VIEIRA ROBERT DONNELLY RAYMOND LEANUES ANTHONY PtETRZYK SHIRLEY VINCENT STEPHEN J. DONOV AN RONALD LEGERE, JR. FRANK PIROZZ1 J AMES WARREN KEvlN DOct tY THCRESA LEVESOUE - J AMES PIROZZi R. SCOTT WHITTEMORE MARY DOWER ROBERT LINHARES LOUI.S PONTE THOMAS Z AGORSKI PAUL DOWNING M AuntEN LOUNSBURY

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MUNICIPAL LIGHT COMMISSION OF THE CITY OF TAUNTON T AUNTON. M ASSACHUSETTS

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+ WE'H AVE AUDITED THE ACCOMPANVlNG BALANCE SHEETS OF THE TAUNTON MUN CIPAL LIGHTING PLANT ( A DEPARTMENT OF THE CITY OF TAUNTON) AS OF DECEMBER 31,1991 AND 1990 AND THE RELATED STATEMENTS C# E ARNINGS, RET AINED EARNINGS, AND C ASH FLOWS FOR THE YEARS THEN ENDED.THESE FiNANCI AL ST ATEMENTS ARE THE RESPONStBILITY OF THE Pt ANT'S u AN AGEMENT.OuR RESPONSIBILITY is ,

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TO EXPRESS AND OFINION ON THESE FINANCIAL STATEMENTS BASED ON OUR AUDITS.

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) , EXCEPT AS DISCUSSED IN THE FOLLOWING PARAGRAPH, WE CONDUCTED OUR AUDITS IN ACCORDANCE WITH GENERALLY ACCEPTED s

AUDITING STANDARDS. THOSE STANDARDS REOutRE TH AY WE PLAN AND PERFORM THE AUDIT TO OBTA?N REASON ABLE ASSURANCE ABOUT g ,WHETHER THE FIN ANCIAL STATEMENTS ARE FREE OF M ATERI AL MISSTATEMENT. AN AUDIT INCLUDES EX AMINfNG. ON A TEST BASIS, EVIDENCE i . . .

SUPPORTING THE AMOUNTS AND D'SCLOSURES IN THE FINANCIAL STATEMFNTS. AN AUDIT ALSO INCLUDES ASSESSING edE ACCOUNTING

, 3 PRINCIPLES USED AND StGNIFICAN;T ESTIMATES MADE BY MANAGEMENT, AS WELL' AS EVALUATING THE OVERALL FINANCIAL STATEMENT m

i PPESENTATION. WE BELIEVE OUR AUDITS PR$ VIDE A REASONABLE BASIS FOR OUR OPINION,

, s.

' -

I ~AS DISCUSSED IN NOTE H, THE PLANT RECORDS PENSION EXPENSE BASED ON A FORMULA DETERMINiD BY WE CITV. WHEREAS U . , f. . .

t GENERALLY ACCEPTED ACCOUNTING P8tlNCtPLES REQUIRE THE USE OF ACTUARIAL METHODS IN DETERMINING ANNUAL PENS!ON EXPENSE. THE ,

) EFFECT ON THE FINANCIAL STATEMENTS OF NOT USING ACTUARI AL METHOD $ MAS NOT BEEN DETERMINED. IN ADDITION, CERTAIN DrSCLOSURES e.

~

, \\ sR50U) RED BY THE GOVERNMENTAL ACCOUNTING $TANDARDS BOARD RELATING TO PENSIONS HAVE BEEN OMITTED. ,

d lad OUR OPINFON. EXCEPT FOR THE EFFECTS ON THE FINANCI AL STATEMENTS OF SUCH ADJUSTMENTS,IF ANY. AS MIGHT H AVE BEEN

.DETERMINED TO SE NECESSARY HAD WL %.N ABLE TO DETERMINE TH'E EFFECTS OF NOT USING ACTUARI AL METHODS IN DETERMINING PENSION .

I( . i

< - EXPENSE AND. EaCEPT OF THE SMISSION OF CERTAIN PENSION PLAN DISCLOSURES REQUIRED BY THE GOVERNMENTAL ACCOUNTING STANDARDS

. . ' .i j - ),

i BOARD.'THE FINANCIAL STATEMENTS REFERRED TO ABOVE PRESENT FAIRLY, IN ALL MATERI AL RESPECTS, THE FINANCIAL POSITION OF THE

,_4, _

+ . ~

, . TAUNTON MUNICIPAL LIGHTING PLANT AS OF DECEMBER 31,199i AND 1990 AND THE RESULTS OF iTS OPERATIONS ANDITS CASH FLOWS FOR

\

/ T,HE YEARS THEN ENDED IN CONFORMITY WtTH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES.

rR ,

g " - . .

y ( - - ,

' ~

[

BOSTON. M ASS ACHuSET,TS s

FEBRUARY $ 9, I992, k

t a

\

'i 6 4

7 r $ v

=

- . . ~ . . ~

--.-., ..-.~n_.

s i + 8 i , t o . . *

. s s BJa.,J Li, - -

a

. , , 4-1Asstis Dtctwere st. , int too UTitrTt Pt. ANT At Cost

, { , , , PLANT IN st&vtCE $ 78.2 72.001 $7s.s38.Its L183 ACCVMULAftD DEPaletatioN (Nott A!) 46.710.s43 42.791,414 4 r -*

NET UTILITT PLANT IN stavict ' ' l

- 32.551.4bs at.7 ss.s i t i

' luytsiwtNT IN $EASROoK (Nott Cl --- 3,436.482 3.M 6.4 2 3 -

Cons 19UCitoN WoaK IN PROG #tst (Nott 11 6.169.448 ' l.4st.728

. Tota'. utiLITT PLANT. 42.ssa.ses so.3ss.9ta

.I

-!,' DePate:ATion FUND (Notts At AND B) 10.441.157 12.347.026 !

Secn'LtAvt Taust FuNo (NoTr As) '

r.1ss.73e <

.044.7:s i

y ,Oturn Asstis ADVANct to QUtstc Hvbao Pao;tcT (Noir GI 311.47: 3,' s34 UcHTWAvts lN0tt D) . I20.524 14 9.2 o f ,

'OTurn OrrreRtD ct'ests (Nott J) 1.s43.3si .

CummtNT Assris . -

i i+

Card (NOft B) 1,035.032 1.919.789

, Cusfourn otrosns (Nott B) ; ,

. PalNCIPAL FUND' , 2 78.'6 M 275.863 1

. .* ' INitatst f uND .- 14.191 31.010

'

Accou'Nis etctivsett, tiss AltoWANCr Foli DOutifUL b

. i ACCoVN1s oF $340.s99 AND $427.s71. RESPtCTIVfLT 3.913,901 4.407.s06

. MAttRiALs AND SUPPLitt INvtNToRY (NOtt A4) '

- 1,72 5. e 2 4 ' 2.t 13.s 7s ?

PatPIID ( APthsts '

- _ 113.074 .109,259 .

t

. total cunNtNT Assifs 7.965.409 e.773.444 s ,

,, $ 65.140.340 362.02s,001

, i RttA Nf D EAnNiNos ANo taisitaties Dtctusf.n af. 1991 1990

' [

RtTAINt0 EARNINGS - "

.* , ' APPROPRIATED RET AINt!) ( ARNINGs

loans RtP4VWrNT ,

$14.687.000 s t a.07 7.0M

! CoNstRUCTON REPATMLNT 32.434 32,434 {

. 14.719.434 14.109.434 I

= UNAPPRoPPiAlto RtTAINED (AaNINr.s 24.D90. 345 23.s06.147

. Totat atT'AiNtD' t ARNINGs 38.609.773 37.4 i s.s 81

(

3 LDNcTipu Dest (note D 17.ei ?.2 3 3 t o.4ac.s e? :

i 5

OT)itR DEFERRED CREDIT $ (NoTt JI 401.359

\ . ! '

, 'CumatNT DAestmts AccoVNis PAYABLE ' ,

2.278.841 2.211,877

.r CUSTOMER CRf Dlis (NOTt A6) . 1.964.173 9 ,

CusTowtn oreonts ,_ . r7s.629 ars.ssa i

_ C:'*MNT MatuRITits of LoNG TERM Dest (Noit D _. -

660.o00 610.0o0 -

, , , Ai g ut0 tiAssLitles '

CoWPtNsAtt0 AB5ENCES (Nott As) ., a.197.9 3o 3.059.e t t ' ;

~

INTERtsT 623.038 641.846 i

+ -

PATaott +

.177.47s i t 7.1 os

. . OTHr n _ 1.903 1.350

' total 'cuantNT ttAbilmts 0.131.969 ' s.92 9.lt 3 4 y- ,

CouunutNTS AND CONTINGINCits Mtts C. G r4 ND l} -_ _ 4ts.1f 0.360 $62.02s.081

[

Ole mes,,4. t e ..t

~ ,

a.o a e' i.I -*~l ~..I ElIb s ' l<t=~

l L i

[L

_-, - - . , , - . . . - _ . . - -.m.__., _ -_. -~

n-_. w_ x . - wa

+a .g,.. , - * '

j ,

T '. l' , ,

, e4

, , . s' , *

. , . $4 han048$8 i G tet $tif6

YEAR $ END'tD Otc: Met R 31.. -1991 1960

. OPtRAf tedG REVENUtl ,

,I ,

t

. SAtts Or (Ltc1Rictiv .

CouMcRelAL AND INDU$1 RIAL s17.613,999 ' $ 19, j l 0,3 3 3 RL510tNTIAL 18 458.324 13.378.112 i . ,

,,. SAtts FOR RtsAtt {NQTt G) , , , , 4,649.131 6.308,991 j

, MUNICIP AL _ _ 1.44 3.3:$ l.419 $$$ .

I 34.370.741 40.016.811 OtutR OetR Atwo RivrNuts .151.131 tst,49s i

,, i

' total OrtRaflNG htytNyt3 _

3 A.$11.912 40.140.606*

e t y OrtmatiNo txPthsts '

POwth FnoDucTiON 19 ess.697 #4.173.160

'I TRANSMis$10N AND Di$fRityflON _ 2.136.100 1,121.852 l

CUSTOMER Af'COVNTING 1.194,349' f ,07 5,$)0 ,

ADMINISTRAfivt MD cthtRAL (Nets A3. As AND Hj 6.356.788 A.96 8.310

, , DEPRtCIAllON (NOlt Ari ' ~' _._ 3,191.165 a. set.) s {

NutttAR cxP(NSE !$8,821 8 86.9 5$

' TOTAL OPERATING tAPtN5ts $1.996,101 35.332,115 ,

f

(+ EARNING $ FROM OPERAflONS _

~ 4.525.611 4,836.378 y

, OTHER EXPtNSE llNCOML) ,

~ # '

,! INtlRL5(c1PtNSE 1,462.403 1.507.218 '

, OTstRrnPENtt- , 10.999 s t.946 6*

lNitatST INCOMt (Nott D) - . (451.789) -

'(450.213) i 4

OtNela INCOMt (NOTE ll (50,000), -

- . s . ,

~

s 1 TOTAL OTHER tXPtNSE 971.613 , $19.9 71 l 4 , f

q. ,

Ntf EARNINGS BEFORf PROhts 0N FOR PATMENT IN titU Of 1AR$ 3.154.198 3,976 407

,* PROYtSON < -f 04 PAYMtNT IN tit *J Or TAXA

' $ (h0,fr F) .~ 2.360.000 t 3.360.000 4 > ,

R. <U -

- Ntt EARNING 5 '

s 1.194.190 $ 1.616.407 -

)

Ll,- .' ,,

c

}, , ,.,

t 5%te,nc;,ts O kned Ca nin s '

s.

L. - .

APPRoPRIAtto RI'TAiNto EaRNmst , (l uip p,o,3,.i,7 t p ;

LOAN'. Construction . RtTAmtD i.!; ,

[ *

( YE AR5 ENDt0 DtttMetR 31.1915 AND 1990 ' ' RsPAYMtNT * '

RtParMENT EARNINGS l' r #

D ALANCE AT DECEMBER 31.1989 - _ . 113,$ 12.600 532.434 ' t !!.4 5 4.74 0 9

TRANtFIR FOR BOND REPAY 4EENT 565,000 * (165,000)

-. ., Ntt EARN NGSE , t.616.407 e' ;

DALANCE A{ DECEMBtR

. . 31.1990 14.077.000 32,434 23.506.147 610.000 (610.000)

,t .'. ' TR ANsrtR FOR s,0N.D REPAYMf , , NT i

. NtT tARNINGS <, 1.194.198 _

, s i - < .

' ~

~ '

. DAwCE AT Dtetusta 31, 1991 si4.sa7.ono ' , s32.454 s14.09o.sas g

! N .

~ s

.9h'.u.Q..,i., ..t., .d . . c.1;,,J i ,..: ;/ d.n ,1.1.~.t, .

j- 4

. * -- f g .

J I I d }

h.. .

L.--Ia,-,_,,,_.-,

-- J. ,.1 __. , :___. -. ./-m., ,.a--..,._.L. ..--.-__----.....,_c.._J-.--------,

-, ._~ _

~ - . . . -.-

e., ,

' g ,

S

, 4 . ,

5

, 4 j

' ' i

. 4 , ,.

/6

= . O fd#l##f f 'O dj8 OWJ

, i ' ,

? s

199t'

~YtA$$ tNote DtCtustR St. it90 INCRE A$t (DECREA$t)l4 CASH CASH ft.UWS FROM OPERAftNG ACThlTit$: i n *^~I ,

NET ( ARNINGS . . , $ 1,194.199 $ 181$,407 s

AD>ulfutNf$ TO RECONCitt N!T ( ARNtf4G$ TO Fif 4' . CA%H PROVIDth $f,OPtRATING ACTIY6 fit $. ,, .g Dt PRtCI ATION , 3,191,265 2,809.33l

- AwoRT1tATION OF DDND PRtWiUM (3.3541 (3.114)

, ~ . .

j ("QUfTV IN LO$$tt OF SE ABNOOK INVLSTMENT 3.443 6 3.$ 77 .

l

, CHANGt N A$$tts ANo LianillTit$: ,. , ,

' DECREA$t IN CU$ TOWER DEPO 517 FUNDS

. 1$.083 t 23,228 /

' i j

DECatt.$t (INCRtdttiIN ACCOUNTS RECitVABLt ,, 493.70'4 1.09 t 4 DECRE A$t (INCRI AltllN INVENTORY 397.851 -(207,370)

. (INCRf A$t) DECRE A$t IN PREPAID ttPEN$t$ (3,816) , 156.2 $ 9

{

g lNCRt A$t IN LIGHTWAvt1 171.237) (149.267) g l

INCRE Ast (DECRf A$t)IN ACCOUNTS PAT ABLE . 46.964 (0.103)

~

INCREASE IN .CU$f0MtR CREDITS 1,964,173 ,

INCRf A$[ (DECpt A$t)(N CUSTOWER btPo$115 1.766 (27,2001 s ,

' 13R.0$9 189.119 INCRE ASE IN ACCRUED COMPtNSAff D AB$tNCE$ _

- DECRIA$t IN ACCRUtD INithtST (19.804) ,

(17,186) -y 10,369 (24.22 # j

[ s g INCRE A5t (DfCREA$t)(N ACCRutD PATROLL (DECRtA$t):NCut A$t IN OTHER ACCRUtD LlABillTit$ (9,447) 11,36

Ntf cr$H t RoviDtD ei OPERAT No Acimtit$

7.360,163 4.443 s 9 i r

CA$H FLOW $ FNOW INyt$ TING ACTlymts; , , ,

e, 3 NET AD0tTIONS TO UTILITT PLANT

- (7.177.354) = (3.964,302) i INCptASE IN $4 Col l! Avt ThuST FUNo (145.0131 (ais.4Sei REPATMtNT OF ADVANCE TO QUE9EC HYDNO PROJECT 13.152 44.9 t t g kHCRf A$t fN O(FERRtD DC8ITS - (1.643.561)

INCRt A$t IN DEFERpt0 CktDfTS 401.3$9 ,

Ntf CASH ustD IN INvr$TiNo AcirviTirs (e.551,1 e 7) (4. i 3 8.e4 s)

CA$H' FLOWS F ROM FLNCING ACTmitt$- , ,

.o PAtutNT Or 'ONoitRu erst 1s10.000! (ss$.ooot

+ e . .

' ' /

4

s NET (DtCREASC)th CA$H (1.001,004) (157.319)

. CASH AT BrGINNING OF Yt' AR 14,182 D60 14.439,379

.i, s , , _

$18,381.056 $ 14,182.040 CASM AT END OF tt AR

, . CASH AT END Or vtAR ts RtrttCTtD ON THr SALANCE SHttT$ A$ FOLtOw$.

10.461.267 12.347,028 DEPRrCIATION FUND _

E CA$H 1,91 s.t e 9 i.e 3s,03: :

312.381,056 $14,142,060

' 5

, . SUPPttMENTAL DISCLO$URE OF CASH FLOW lNFORhTION. , ,

$ 1,484 $65 ' $ 1.527,758

' CASH PAtD OURING THE Vt AR FOR INTEREST _ i'

I

4 i e g ,g

)-

.' {

, Se'atsenepanying neles are en inlogrnfparl efiboss slalamien(s.

t s

f

.8 1

} %

w h

}

e 3 '

( 4

- - . . -..-.,.-.__.......-.e-.,_,,,,_-..__-....,._, .,....,._..-__,2._m. _ ,__ m y #. , wm ,.nw.~~- . . . -

r .

I 4 g e

. 4 .

% aln lo hinanciaf $!alw.st:lb h i .

,., e*

NOTt A -

SUMMARY

OF SicwiCANT AcCOuwimo POuCirs ,

, A $UWl4 ART OF TAUNTOf: MUNICIPAL LIGHTWG PL ANT 5 (THE

PLANT")11GNIFICANT ACCOUNiiNG POuCIsl CON 5t$7t NTLY APFutD 1N THt

PRtPARATION OF THE ACCOWPANVING FINANCIAL STAitutNTS (DLLOWS.

1, Rafts ,

RAf t$ CHARGt / eiT THr PLANT Att trA $Us>tCT TO THr APPROVAL or AtGut ATORY ActNCit$ PURSUANT to Statt L AWs. R Af ts sUst

. 91 SUCH THAT TH8 NFMimd NCT mWINCS ttf Ott PatWtNT TO THE ClfY, Lt$5 SOND PATMtNTS AND INitRE$f INCOME. DO NOT ttCitD y ,

0% OF THE COST Or VMITT I L4Nt TH( PL ANT'$ 6tSULitNG NET EARNikCS AWOUN1tb TO ) 2% AND 3 7% Of VTitlTT PLANT IN 1991 AND 1990, kt$PtCTlYtLY. I '

,e

< .' 2[ DEPRECIATION s PURSUANT TO THE DEPARTMLNt OF PUeLiC Utiufits RtGULATcNs. 6tPRECIATiON is CALCULAt D As A PtRCE NTACf DF OtPPtCIAtt!

PROPtRTY At . JANUARY 1. Of f (CIATION IS CowPUTfD At 4% OF THE CO11 OF OtPRECIABLt PROPERTY, DtPRfC1ATION FUND CASH $$ Ust0 IN ACCOJDANCE WITH $1Af t LAWS FOR REPLActutNTS AND ADDITCNS TO THE (LECTRIC PLakt

. IN $tRVtCE.

$. PtN560N PLAN ' .-

.I Sus $tANtiALLv att twPLOttis or Tst PLANT Akt CO'vt Rf D 9t A CONTRIBUTORY PtN5 TON PLAN ADMINi$f t ptD $Y THt CITY Or TAUN10N IN CONFORM 8Tf WitH STAf t RtfiR[kfNT BOARD RioulREWINTS ($tt NOtt H)

4. INVtut0RY ,

MAf tRIA($ AND $UPPLf t$ INytNTORY ll CARR)(D At CO$f, F'RINC# ALLY ON THt Ayt# AGE CD$1 WITHOD. !

i s. Sits LEAVt TNUsi PUND ~

- < Tat PLANT ts? Asu$wt0 A SiCR LtAvt Trust FUND ("TRU$r1tn ite FOR THt FINANCING Of FUTURE $iCR Lt Ay( PAyrtNT$ lT l$ THE PL ANT $ (NitNitON THAT THt TRUST se FUNot D TO THE t TENT OF THE PLANT'$ siCE Lt Avg LIAgittTY, AT WHICH f tMt THE Trust e.u wAnt

>e ALL 5tCK Lf Avt LIABILITY PAVMENTS REQUIRED UNDER CURRENT PLANT Poticite. TM ASSET $ OF THE TRu$T art sHOWN m THt f NA 1AL STAf tMENTS TO PROVICE & MQkt MtANINGFUL PRt$tNTATION A$ THE A$$tt$ OF THE TRUST art FOR THE SQL( BENLFit OF 1Hg PLANT. NE

. A15tTS Of fHt TRUST ARE $HOWN AT CO$?.THE MARKET VALuc OF THE TRUST A$$tt$ At DtCEMBER 31. W91 AND IMO, Wt at $2.329.807 AND

., $ 2.041.07 3, Rt$PECTivtLY.,THE rWNDS ARC INVESTID,1N WONET MARRET FUNDS. TRt A5t"RY Nott$. MUTU AL FUNDS WHICH INyt$f IN a

OOYERNMENT StCURllit$. COMMON $10CKS. AND A CORPORAf t BOND. Ntt iNytsTWENT INCout FOR THE TRusf Or APPROstMattLY $i$$.000

+ s . .

- AND $120.0D0 IN 1991 AND 1990, At$P(CTIVELT, t$ RitttCTfD IN THE STATEMENTS Of cARNING$ A$ AN QFfiti 10 COMPE N$Af tD AhttNCE f

' EIPth$t. AS THt$t FUND $ art Rt$1R<tt0 AND CAN ONtY 8t USED FOR THE PatutNT OF &lCR LE AV! BtNtFIT$.

s. CUSTOMER CRtoTs a

. Tut PtANr$ RAfis iNCtODr A PuRCHA$tD POWth COST ADJUstutNT (PPCA)wHiCH ALLOWS AN ADJV$f MENT OF Raft 5 CHAltGED TO CUSTOMtRS IN ORDtil 10 titCOvtR ALL CHANGt$ (N POWER COSTS FROM $7tPULAttD SASE COsi$. THE PPCA PROvcts FOR A OusRTERLv [

'* RICONC!LIAflON OF TOTAL POWER COSTS p!LLED WITH THr ACTUAL COST OF POWER INCuRRtD ANT ( Act15 OR DtFICIENCY IN AMOUNTS COLLECTtD AS COMPARED TO COSTS INCURRED l$ DtFI ARED AND tlTHr A CREDittD OR BILLED Ts CUSTOMERS OvtR $UbstCutNT PERIOD 5. $

Nett D - CeE

, ' THE PLANT'S CA$H IS DtroslTED Wff H THE Cliv Or TAuNTON TR SURER WHO COM INGLE $ 11 WITH OTHtR CITY FUNDS. THE City INvtsis '

% . THE CASH AND CREDITS 1Hf PLANT LACH, YEAR WITH INTERtST (ARNtD ON CtRI AIN OF THE CASH OtPOSIT5

. N.

' 1 CASH DEPO 514tD WITH THE CITY OF TAL,NTON CONSISTS OF TH( FOLLOWING AT DECEMBtR 31 1991 1990 4

NON-INTERtST BIARING POOtto FUNDS , 4

, 3, INCLUDING kr$1RICitD Cu$ TOWER DEPO 5'TS, OF $139,d86 AND $l$1.874. Rf 5PICTivt LY 5 4.244.345 $ s.196.7 78

, CtRiiriCAtts Or DtPOSIT WITH R Af t5 OF 6% FOR 1991 AND OF 7.30% TO 8 $$% FOR 1990 2.000.000 9.29d 55 SAVINGS ACCOUNTS 6.4 29.53T

$12.673.876 lid A B9.933 l %

l '

Cash AT DtCtwetR 31. Is REFLtCTr0 As FOttOWst 1991 1990 ,

DtPRECIATION FUND $10.441.167 $ 12.34 7.D2 8 g CAsw 1.919.769 t ass.032 CUstOuta OtPOt(T PRINCIPAL FUND 278.629 276.963

CUSTOMER DEPCsit INTLRtst f uND 14.191 s t .Di D

, 517.673.876 $ 14.4 69.93 3 i

i i

C. . h l. J. . . . . m . . .

i f.

l _. _ -.. . ~ . __ - . _ _ _ _ _ _ ._. . , . _ _ _ _ _ _ _ _ _ _ , __ m

lra l0 !*sanciaf la$emPnl$ Is NOf t C - INytsTMINT sw St AakOOx THE PUNT $ A o i0034% JOINT owNtR Or THE St AsRCoR Nt w HAMPSH% Umts l AND 2, Lt AR GENE R ATING ST ATION. St ASROOn Univ

HA$ SEEN CANCitttD Bf THE JQlNT OWNtR$, dND THE PLANT wROTt Orr Ts iNytsTMtN, Ht UNt1 DUR:NG 198 7, ON MARCH t#1990, THt U S NUCL(AR Nf GuuTORT COMMt$5 TON (NRC) AuTHoptztD A FULL-PO*tR Opt =ca:<t s actN$t 7011 $tA9 KOOK UNif s. THE UNIT stGAN ITS POwtR ASCtN510N f t1 TING PROGRAW IN M ARCH 1990, AND ON JUhr 30.1990, rut Univ w As TuRNtD OvtR iu inC Nr w ENGLANU POWe# POOL (N700U FOR OisPATCH THE PLANT s PORTION OF OPE R ATING INCOMt AND tOS$t$ f ROM St ABROOK UNIT I 15 ACCOUNTtu rOR UNDER Twt toUfff MtTHOO OF ACCOUNTING.

IN ADDifiON, PuntiC SERviCr CouPANT or New HAMesHint, THE LE AD PARTICIPANT IN THE St AePOOK PRO;tCT, is ortRATiNG uwDril CHAPTER st DANARUPTCv, Tot PLAhr is UNAatt TO PatD$CT wHeTHER tHis wilt HAvt ANv trrtCT ON THE utfiMAf t COMMtaCiAL OPER Ar40N Or THE UNif. ,

4 Nott D - OTHtR Asstis THr PLANT H A$ INITIATED AN tNtkGV $AVING PROGRAM f OR COMMtRCl&L AND INDUSTRIAL CUSTOMER $ ANOAN Al LtGNTWAvtl. THE PROGRAM tNTif tts THE CusTOMtm TO A rRtc thtRGv audit AND !NsTAluftON OF thtRGY tFFICitNT tQUIPMcNT. CU$TOMER$ Apr REOutRtD TO PAf A MONTHLY f tE FOR A 40 MONTH PERIOD.THE f EE IS $A$tD UPON THE ADMINi$1RAfivt CO$f 5 ktLATED TO THE PROGRAM. As Or DtCt Wet A 31,1991 AND 1990. THE PUNT HAS ( E f tMRtb COSTS OF $220,524 AND $149.247, Pt$F CCTivtLY, TO Bt SILLID TO CUSTOURS,

, +

t NOf t E - LoNo-TtRM Dt si

,a ,

LONG YtRM Ot BT IS COMPRiit D Of THE fOLLOWING $0NJ$.

1991 1990

[LECTRIC LOAN. ACT or 1969 ,

IN1t REST MAf t - VARIOUS Rait5 FROM 7.3% TO M.

INTEREST PATABe t Ig g AUARY l AND AUGU$f 1,

$18.4 30.000 $ 19.04 0,000 OUE SERIALLY 10 ftBRUARY 1. 2006 UNAMORtif tO PREMlUM 47.233

S0.587

18.477.233 ..

19.090.597 ' i Ltss CuRRtNT MATURITit$ 460.000 ~ 6 t o.000 TOTAL LONGTENM DEST 517.817.233 $18.4 00.19 7 C

AGGREGATE MA1URITits OF LONG TERM DtB1 AT DECtMBER 31,1991, ARE A1 F.Ollows; , , ,

' 5 660.000 1992 19 9 3 __ _ _ _

715.000 1994 775.000 .

1995 840.000 ,

t996 9'0.000 --

1997 AND THERtAFTER 14.5R000

$ 18.4 30.000 '

NOtt F - CONinieuTiON iN Litu or TAXtl ,

THE PtANT CONTaisuitD s2,360.000 in 199: AND 1990 TO THE CITY OF TAWON IN Litu OF TAnts. Att CONTRIBUTIONS TO THE CITY ARE VOTED BY THE MUNICIPAL LIGHT COMMIS$loN.

i .

- NOTt G - COMMITMENT $ AND CO'.flNGINCit5 &

' *1 , s INTtnCONntCTiON AGREEMEF. , ,

THE CITY OF,TAUNTON ACTIN SY VOTE OF ITS MUNICIPAL" LIGHTING PLANT COMMIS$ ION, tNitRED INTO AN AGRrtMENT wlTH MONTAUP ~

ELECTRIC COMPANY ("M' INT AUP"I, .DAitO Jute 31,1970,AS AMENDED. CONCERNING INTERCONNECTION OF ELECTRICAL OPERATIONS. PURCHA$t ,

tND sAtt OF xitowAr . CAPACITY, AND CONSTRUCTICN sv tat,NTON'OF A GENER AT'IN'G UNIT OF APPROUM ATELY 110 Mf GAW ATT CAPABILITY. THE '

AGRt t Mt NT, ORIGIN ALLY FOR THE TWELVE (12ITEARS FOL[O' wing THE COMMtNCLMENT OF OPE R ATIONS Or UNIT NO. 9 ON DECtMa[R 1,1975, w A5 AMENDE.D AND1Hr it #M c1 TENDED TO OCTOetR st, itse. UNDcR THE CUnntNt' INFORMAL INTERC' O NNECTiON AGlittMENT. THE CITY AGR(ts to l

ExCHANGt wiTH MONT AUP E~LtCTRiC COMPANY ririttN {t5)MkGAW ATTS OF UNIT NO 9 CAPACITT FOR TEN (10 McGAMTTS Of CAPACIT CANAL NO,2 GENLRATING UNIT 90% OF WHICH 15 OWNED er MONTAUP. SINCE THE tyPIRATION O' THf5 AGRttMENT THE PLANT AND MONTAUP HAvt CON 1thUtD S::$ ARRANGEMENT wlTHOUT A FORMAL AGRet'ME'NT IN PLAct. THE PLANT CRED17tD TO SAtt$ FOR RE$ Alt $642,711 AND

$1,115.832 OF CAPACITY AND ENERGT CHARGE $ BILLED To McNTaue ELECTRIC COMPA!qY IN 1991 AND 1990, RESPECTivtLY, FOR iTS SHARt OF Powl.it UNDER The (Nil r.;ONNECT!ON AGRitMENT, '

I

= . -A~nd& . _. L- w_.- , ; - -

~

. . --_ - ...__.-_-- __ _ _ ~__

4, . ,

1 5 e 8

% obb lo ina n cia lalernenl$ , _

sq

< s , .

, NOf t G - COMMITMENTS AND CONTINGtNCit$ (CONT.)

t He'DNoQuietc Acnt: MINT , ,

IN tees. THE PLANT $Nir PtO INTO AN AGRI MENT WITH THE MA55ACHuttTT5 MUNICIPAL WHOLt$Att EttC1RIC COMPANT AND OTHER Nt* l t , ENGL AND UT:utit$ To $UreORT 1HE OptR ATiON or A TR AN5MISSON LINE TO PEPMIT THE INYt PCH ANGt OF (LtCTRIClfT DETWt tN SUCH UTitiflE$ I Nl AND HfDROQUEFEC EttC1 AIC CORPORAT60N UhD*00UterC1 IN CONNrCicN wiTH THE AGRttMtNr. THE NANT ADvANCro APPROnWelttv

, $60D 000 TOWARD Dtyt LOPMtNT, OF.THE PROJECT OF WHiCH APPROtlMAf tLV $4$Dh00 W AS RETUltNt b M1t h THE PROJtCT HAD 091 AINE D

, FINANCING.

,. NOTt il

PrN$ ION PLANS ' ,

THt PLAH1 CONtRisUtts TO 1HE CITY OF T AUNTON EMPLOYtt$' N!YlptMtHT $V!?tM I SYL?trl A PUBLIC (MPLOTtt #tilst ME NT tv51tM l

TNAT ACT$ A$ THE INYtST' MENT AND ADMIN'$1R*SYt AGENT FOR THE CITY. ALL FuttaiMt (MPiovtr$ PARTiCIP41t tN THE Sv51rW.

l r

3 INSTITuttD IN 19U. THE $f5f tM l$ A MtM8tR Of THE M AS$ACHUttTT$ C047Rf8UTORY SY$ttM AND 15 GOV!RNCD SY M AS$ACHU$tM$ i Grat#AL LAWS CHAP 1tR 32. MEMBrt$ HIP IN 1Hf Sf5f t M IS MANDATORY UPON 1Hf COMMINCtMENT CF EMPLOTMENT FOR Att PtilMANf NT,

, f utt.ilut E MPLOvtt$. <

5 Tut Sv$1tM PROviDr$ rC'R RttlRtMcNT AtLOW ANCt stNtfft$ UP TO A M AUMUM M $C% OF A p(MBtR $ HtGHt1T THRt[ Vt AR AygpAGE ANNilAl-RAf t OF IttGUL AR COMPCN$A1CN. OtNtFlf PAtWENf 5 ARE 84%ED UPON A Mt MBtm $ AGE, Lt NGTH OF CREDif ABLE. SLPVICt. Lty!L Of COMf'tN5ATON AND GROUP CLA$$4FICAT10N MtMBER$ JOINING THE SV$YrM Arts R JANUARY 1.1979 ARE SU9)tCT TO A CAP OF S3D.000 AN TH[

8 Ltvit Or COMPtN$ATION UPON WHICH THttR DINtflib Allt CAICULAfrD. .

MtMa'ta$ C'r THE SysttM etCOMt vtsTID ArTER 10 vtARs OF CREDITAstt stRveCt A prTiRtMtNt ALLOWANCr M AY Pt Rf Clivt0 UPON t

> #EACHING AGC 6$ 04 UPON ATTAINING TWENTT YEAR $ OF $thylCE. THE SYSTtM ALSO PROVIDES #0R LARLY ptiiktMLN1 AT AGE 5$ IF THE PARTICIPANT h)HAS A RfCORD OF 10 VEAp$ Or CREDif ABLE stRviCE, UIWAS ON TNE CITY'S PAVPOLL ON JANUART L tore (3)vDLUNf Akilf tEff '

CITT tMPLOrutNT ON OR AFTth THAT DAf t, AND { Alt!FT ACCUMULAff D ANNUITY C(DUCTONilN THE FUND. ACTavt MtWRER5 CONitippit f t1Hs R !

fi ' 6% 7% OR 84 OF THtlR REGULAR COMPT NEATION btPtNDING ON THE ()Aff UPON d(HICH THEtR Mt MBERSHIP 8tGAN.THE StST!M 4 50 PRovict$

, DE ATH AND DtSA91LtTV BtNtffT$. , ,

- THE $?$'8 M fM NOT MAkt A SEPARAf t MEASUttMtNT OF A55tT5 AND THE PEN $lON 9tNIFif OELIGAflON FOR THE Pt A =v. THE PtN10N

,, BtNtFlf OBLIGATION l$ A 51ANDARDittD DISCLOSURE ME ASURE OF THE PRi$ TNT VALUE OF PEN 500N $ENEFITS, ADJU$7tD FOR THE Ef f tC15 OF l PflOJECitD SALARV INCREA$t$ AND $1tP RAf t BEN (FITS,($11 MATED TO St PAYAutt !N THE FUTURE A5 A atSULT OF EMPLOf tt $tRytCt TO DAf t.

THE MtAsunt e$ INTINDED TO HELP UstR$ AS$ts$ THE FUNDIN( $1ATM OF THE SYSTEM ON A GOING CONCERN BA$l$. A$5t$$ PROGRESS M ADt iN i ACCUMUL ATING $Uf flCitNT A$$t15 TO PAf BENtFIT$ WHEN DUt, AND WAP t COMP Aw*<>N$ AbiONG t MPLOYte$. THt Mt ASURE IS THr A*TUADIAL

_ PR($ TNT VALUE OF CREDittO PROJtCitD SENf flTS AND 15 INDEPENDENT OF THE FUNDI > M11 HOD USED 10 OtitRMINE CfATRIBUT CN$ 10 THE Sysitu, '

Tut PtN$CN BENE Fit OBLIGATION AT JANUARV 1,1991., Ff'R THE $YSTEM AS A )k/HO(t, DEitRMINtD THROUGH AN ACTUARIAL VALUAfiON PERFORMfD AS OF THAT DAtt, WAS $70.661.000 THE SY$itM S NET A5$tT$ AVAILA8tt FOR 8thtFIT5 ON THAT DAf t' {VALUtD AT 9007.)Wtat

$32,332.D00. LEAVING tN UNFUNDtD PE N5 TON BtNtfli OBLIGATION OF 138.379.000,.

THE Pt Ant s sHaRt OF tHe UNFeanr0 PFNeeN 9tHtriT oeimaicN Hn por PFFN prTr=wNrH THE SisitM s FUNDING PoltCY FOR THE PARTICIPAllNG ENTifit$ 15 NOT ACTUARIALLY DCTERl tNED. THt PARtiCIPAflhG INTmt1 Apt prQUIRED TO CONTRIBUTC ( ACH Fl$ CAL YE AR AN AMOUNT APPROXIMATING THE PEN 5 ION BE NEFt15 (LES$ CERT AIN INitREST CREDIT 51txPCCitD 10

,3 BE_ PAID DURING THE TEAR (" PAY A$ YOU-GO" METHOD 1 THis AMOUNT is DtitRMINED IN ADVANCE BY THE PUBLIC [MPLOYtt$ RETIREME NT

. ADMINi$1R ATION IFERA) AND l$ BA$t0 IN PART ON THE PRtVIOUS TE AW$ $t htfif PAYOUT. NO ACTUARIAL iNr Opu AriO=e is USED IN DritRMINING

.THl$ AMOUNT. THr COMMONWtALTH O* MA55ACHUttfTS CURRENTLY RtiM9UR5is THE SYSitM ON A QUARitRLY BASIS FOR THE PORTION OF 8tNEflT PAYMtN1$ OWING TO COST OF LivlNG INCRE A5t5 GR ANitD A5 $PEC!TitD.

THE rFFICT ON THE ACCOMPANYING flNANCIAL $1AltMENTS OF THE DEPARf unt f ROM Ct htR ALLt ACCEPTED ACCOUNilNG PR:NC' plt $ ,

REFtphtD 10 IN THE PRCvlOUS PAR AGR APH H A$ NOT BtEN Df filiMINED.

TtN TtAR HISTORICAL TREND NFORMaliON SHowlNG THE SYST!M 5 PROGRESS IN ACCVMULATING $UFF6Cif kT AS$tTS TO PAY 8tNtfif$ WHf N g DUt IS PRt$1N100 IN THE CITY Or TAUN10N"5 GENERAL PU8dPOSC FINANCIAL STATEMENTS.

IN ADDITION. THE PL ANT HAS t$1 ABLISHED A SIPARAf t EMPLOvtts RtTintMtNT trust FOR THE tiNANCiNG c7 FutuRt PtN$10N PAVMENTS.

THE RETintMENT TRU$f HAD Ntf ASSETS OF $1Dj9R.A59 AND $9,197,911 AT DECEMBER St 199I AND 1990. RF1PECTIVtLV.

THE PLANT RECORDED PtNsom EXPtNSt Of $1.669,745 AND St.559.798 IN 1991 AND 1990, WHlCH INCLUDES CONTRIBUTONS TO THE RETiRtMtNT trust OF s350 000 FOR BOTH vt AR5.

s 4 ,

0,aHan en ent ynge.

t t

I k

L

%,-, e-_--w,. . . , . . _ . , _ ,. . ~ . . , _ . , _ . -__,.r,.-c. ~. y,.~, , , , ., , , . . ,...y7 , , , ,. ,,m. m,__m y,_ m .y,_,.,%.r ,_ w w . c. - . w r

_____..__m . ____m...___

1 irs a rtclaf ialenteoslJ w les le ,

NOf t i . COAL PROJrCT ON JANARv 31, 1991, tot PLANT ENitRED INTO CON 1RACTS WITH SILytR CITY [NERGY UMif tD PARTNER $ hip (lHL UEVELOPER"') A DruWARE LIMITED PARTNER $ HIP. THE CONTRACT $ PERTA;N TO THE 4 t A$1NG OF A t$ ACRC PARCtL OWED SY THE PLANT, ADJAC. TNT T' THE PLANT'S CLE .RY PLOOD STATION AND THt $UB$tGutNT BulLDING OF A COAL FsRED ILICTRIC GENERAvrNG FACILffT (COAL PQ Otyt & OPE R.

THE GROUND LtA$t EnitNDS rOR A PtRiOD OF FORTT vr AR$. RtNT AL PAvWtNT$ TO THE PLANT WILL $( $$0.000 PER T( AR UNT tl.1994. $$00,000 PAR vt AR UNTIL OPERAflONS COMMENCE. AND $1.100.D00 PER it AR FOR THE REMAINING L( A$t TERM I

THE PL ANT HAS AGRttD TO PUhCH A$t FCM OF THE PO*th Gle = AAf tD ONCE THE COAL PL ANT 4$ IN OPER ATION. WHICH l$ APl IlottM

, MEGAW Atl$. THE AGR(tMENT is FOR TWINTT YE All$.

THt PLANT HA$ $tCURtD A MORTGAGt ON THE sulLDINGS AND F ACILITJES TO 8t CON $1PUCitD 10 $tCURE PAYMENT OF THE AGGREG DIFTERENTIAL,lHE AGGREGAIC DiFf ERENTIAL REPRI$ENTS FUNC'$ 10 et PAID TO THE PUNT iN THE tvtNT THAT THE PaOnCT 15 NOT COMPLLTED.

PAtMtNT I$ GA$tD 04 A DOLLAR VALUE PER MLOW ATT WHICH INCRE A$ts OVER THt'DURallON OF THE CON $1RUCTION PIRIOD.

COMMtNCEMENT OF OPER ATION$ DF THE COAL PLANT l$ $CHEDULED FOR SEPTEMeth t$.199A. If OPERATIONS DG NOT COMMINCt StPTEMBER t$.1996 1HE PLANT M AY TERMINAf t ALL CONTRACTS WITN THE DEVELOPE R. '

AS Or DECEMetR 31,199t. THE PLANT HAS CAPIT AL.7tD APPRO11M Af tty $t.aso.37$ Or LEGAL AND ALMINi$fRAfivt COST $ WHICN art INCLUt#tD IN CONSTRUCTION WORK IN PROG 82t$$,, Tutti Co$T$ WiLL et AMORTiz[D OvtR THE CONTR ACT PtRIOD ONCE OP[ RATION $ HAVE ,

COM M E NCED WITH RESPECT TO THE PROPOtt0 PLANT CONSTRUCTION. THE PLANT ($ (NVOLVED IN CidTAIN LEGAL M ATTEh$ RELAT AN OPINION OF MANAGtMENT THE ULTIMAtt Rt$0LUYlON OF Tut $t MATTER $ WILL NOT HAvt A M Af tMAL Ef f tCT ON THE FINANCIAL $1 Af t NOft J - SauTDO*N UNIT en THE PLANT

TJGOWN UNif #9 FROu StPTtMetR te, s99i, THRouGN NovtMstR 29,1991. FOR A flyt Yt AR M AINTtN ANCE OVtRHAUL. THE TOf AL CO%7 RELAffD TO THf$ $HUIDOWN WAS $1,643,36% AT DECCMBER 31,199t.THt$a COS's art tsPtCTED 10 st RICOvtRtD THROUGH RAf t ADJUSTMENT $ AND WIR 8t AMOF 12tD FOR WHott$ Alt AND Rt1 AIL CU$TOMER$ OVER OHL TEAR AND FIVE YtAR$, RtSetCTivttv. SEGINNING iN uta,,OTHth uTittfit$ THAT PLCtivt POWER FROM UNIT #9 art BilNG BILLED FOR THilm PERCENTAGE OF THt$t CO$75. Trt PLANT B OtLLING THt$1 UTILITit$ IN MAT 1991. THE TOTAL siLLED At DEClusta 31.199t, WA$ SAot.3$t AND W1LL et AMoRitztp ovin FiVE vtAR$

DEGINNING IN 1992, s

%.l,...aifa.1.-..n....ritJ....vf.Jr.,...Q t

% 1 7'

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wy, ., , .- . ...,.m., ..._ . _ _ . . -_ . . _ , ,,. , , , , - . - . ,, , . , , . . -. ._ , , _ , , , , _ . , _(.-.m ,__,..rm,_- .

9**

Massachusetts Municipal \hlesale Electric Company

! 1991 L Financial Statements e

1 1

i l

l-l l

1 t

MMWEC :

1

Table of Contents --- -- ---- ---

Page 1

Independent Auditon' Report.. .

Financial Statements Statements of Financial Position.. .

2 St.tements of Operations . 3 Statements of Cash Flows. 4 Notes to Financial Stattments.. . 5 Supplementa2y information InJependent Auditars' Report on Suprilementary Information... .14 Project Statements oiFinancial Position . .15 Project Statements of Operations.. .16 Project Statements of Cah Flows . .

.17 IE

Independent Auditors' Report The floard of Directors hiassachusetts hiunicipal Wholesale Electric Company: g; We have audited the accompanying statements of 6nancial position of biassatbusetts Niunicipal Molesale Electric Company (a hiassachusetts public corporation) as of December 31,1991,1990 and 1989 and the related statements of operations and cash flows for the years then ended. These 6nancial statements are the responsibility of :Le Company's management. Our responsibihty is to express an opinion on these 6nancial statements based on our audi, We cc.aducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable usurance about whether the 6nancial statements are free of mate:al misstatement. An audit includes examinmg, on a test basis, evidence sepperting the amounts and disclosures in the 6nancial statements. An aud't also includes assessing the accounting principles used and signi6 cant estimates made by management, as well as evaluating the overall 6nancial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the 6nancial statements referred to above present fairly, in all material respects, the Enancial position of hiassachusetts hiunicipalWholesale Electric Company as of December 31,1991,1990 and 1989, and the results afits operations and its cuh flows for the years then ended in conformity with generally accepted accounting principles.

February 12,1992 1M

M M w i.c Statements ofFinancial Position Years Ended December 31,1991,1990 and 1989 (in Thousands) 1991 1990 1989 Assets Ilettric Plant

$ 1,231,621 $ 1.230.094 5 390,938 in Senice (Note 4)

(157,897) ' D s,2 58) (86,456)

Accumulated Deprecianon 1.073.724 1.11 tS 56 304,482

~99.463 Under Construction (Note 4) 32, 4 4.0.8R _ 44.5(,1 Nuclear f el- net of amortinaon 1.105,950 1,15s,716 ,_l,14 R ,50 s Total Electric Plant 256.187 256.253 269.585 Special rundi (Notes 2,3 and 8)

Current Assets 1,828 1,809 1.826 Cash and Temporary investments (Note 8) 5,723 5,736 7,610 Accour.ts Receivable 8,718 9,065 7,373 Unbilled Revenues 19,663 17,182 8.816 Inventories at Cost 5,643 5.81d 2,152 Prepaid Expenses 41,575 39.608 2172 ,

2922(UL 295.861- 297.362 Total Special Funds and Current Assets Deferred Charges Amounts Recoverable (Payable) Under Terms of 35,005 (4,862) 329 the Power Sales Agreemenn (Note 5) 35,322 36,835 38,348 Unamortized Debt Discount and Expenses 6,242 4.617 3,128 Other 41,805 76,569 36.590

$13R1 161 $1484.167 $1182(L1 1.iabilities long Term Debt $ 1.427,18)

Bonds Payable (Note 3) $ 1.380.955 $_L419171 Current Liabilities 19,765 17,280 16.270 Current Marucities oflong-Tenn Debt (Note 3)

- 1 25 Notes Payable (Note 3) 16,409 9,710 13,708 Accounts Payable 9,376 8,416 4,634 Accrued Expenses 53.776 42.985 25.850 Member and Participant Advances and Reserves 99.326 78.392 60.487 Commitments and Contingencies (Notes 4 and 7)

$1488,167 1 1.497.672_

$_ k c 4 4 l

l l

l The anomyanying noses are an P i"r'I *5'h5"'""'I'"*'"

INEmuBEME 2

MMWEC Statements of Operations .

Years Ended December 31.1991,1990 and 1989 (in Thousand0 1991 1990 1989

$ 276.487 $ 257.6'9 5 258.035 Res enues 18.925 23.725 26.244_

Interest income

$ 295.412 5281A04_ $ 284.329 Total Revenues and Interest income Operating and Senice Expenses:

$ 28,917 $ 27,658 5 34,955 Fuel Used in Electric Generation 78,789 87.121 tt2,355 Purchued Power -

32,147 23,792 12,854 Other Operating 11,393 4,517 4,664 s Maintenance 44,016 29,033 13,995 Depreciation 7.312 3.837 2.919 Taxes Other Than income 202,574 175.958 151.742 interest Expense:

135,445 137,077 138,311 Interest Charges Interest Charged to Projects During Construction (Note 4) (967) (36.8221 _. 72.231)

(

134.478 100,255. 66.080 337,052 276.213 217.822 Total Operating Costs and Interest Expense

- - (2,722)

Reserve for Project ibilings - Net (Note 7)

(1,069) - -

Gain on Cancelled Units - Net (Note 5)

Gain on Retirement of Debt (704) ,

(1,773) ___

(2.722)

Dectene (Increase)in Amounts Recoverable Under Terms of the Power Sales Ayeements (Note 4) (39.867) 1 J.91 69.22 1

_J 295,412 _$221L40L ll84J_21 The accompanying notes are an integralpart ofthesefinancialstatemenn.

3 5EIEEER

l MMWEC Statements ofCash Flows Yean Ended December 31.1991,1990 and 1989 (In Thousando I

1941 1990 19M9

. 1, j l

I Coh Hows from operating activines:

5 295.412 5 281,404 5 234.329 Total Resenues and Interest income (335,279) (276.213) (?l5,100)

Total Expenses 1 l

Adjustments to arrive at net cash I provided by operating activities-44,655 29,408 14,131 Depreciation and decommnsioning J 13,602 10,178 3.203 Amortintion

- (2,722)

Reserve for Project Billings G4 .on land taken by eminent domain (292) (713) -

Change in current usets & liabilities:

13 1,908 2,588 ,

Accounts Receivable 347 (1,692) (312) l Unbilled Revenues I (2,481) f 4,432) 1,279 Inventories 173 (3,219) 79 Prepaid Expenses 5,703 (3,629) (1,975)

Accounts Payable ,

(508) 1,934 604 Accrued Expenses and Other i

Member and Particiriant Advances 10.791 17,135 1,682 and Reserves 32,136 52,069 87'86 Net cuh provided by operau,,r, ac cities Cah Rows from investing activities:

Cons:ruction expenditures and purchases of (4,612) (12,510) (2,683) nuclear fuel (967) (36,822) (72,231)

Interest Charged to Projects During Construction 66 13,332 5,541 Net reduct on in Special Funds (99) (747) (2,423)

Decommissioning Trust payments 729 1,085 199 Proceeds from property disposal and other (5,781) (35,662) (71,597)

Net cash used for investing activities Cash Rows fmm financing activities:

(26,335) (16,400) (16.495)

Payments for principal of Long-Term Debt (1) (24; (6)

Changt in Notes Payable (26,336) (16,424) (16,501)

Net czsh used for financing activities 19 (17) (312)

Net decrease in cash and temporary investments 1,80c 1,826 2.138 Cash and temporary investments at beginning of year Cash and temporary investments at end of year 5 .141R $_ 1,809 L_[ 8L6 Cah paid during the year for interest 5 56,874

$ 132,966 $ 95,315 (Net of amount capitalized as shown above)

The accompanying notes are an integralpart ofthesefnancsalstatements.

m4

I MMWEC i Notes to FinancialStatemen:s .

(1) Musachusett. Municipal Wholesale fjectric Company (MMWT.C)

MMWIC a a pohncal u.bdmsmn of the Commonweahh of Musa.husetts. authonted to mue rnenue bonds snured by enenun derned from Power Sales Agreements %re Nnte 7 with its memben and other ele tns systems to tiiunte the wnutu,uon and ownenhip of elettrx power faubnet A Muuchusetti arv or town hmng a mun upal tiectuc department authorued by maionn wie of the uts or town, may bewme a member bv appiprg for admuunn to MMTlC and agrenng to wmply with the terms and wnd.; ions of membenh.p u ihe MMWLC 141aws mas requ;te. As ut December 31.1991. twentv-nme Meuchusetts munmpahnn were membert MMWFC obtams power supply opauty bv acqumng meernn in variou5 Feneratmg unin and the operanon of its own eleura pneratit, trohnes (Proiccts hee Note 4 for a dacusuon of MMWLC's electric generanon tauhun and wmmitmenn relatmg thereto. In sdditen. MMWEC wntracts for power for reule to m memben (2) Signincar.t Accounting Policies MMTEC prnents as finaoal statements in accorctante wah genera'Iv aarpted accounnt g ponaples a promulgatcJ bv the Finanaal Accountmg Standards Board and the Gosernmental Aswuntmg Staridards Board.

Inte est Charged to Projects During Construction MMWEC capaalaes interest u an element of ti cost of electnc plant and other propeny while under ronstruuion. induJeg an appropriate testmg period A corrnpond ng amount is retlected u a reduct on of mierest npense. The . mount of internt opitahred is bued on the cose cf debt indudmg amortiution af debt discount and cuper s.s. related to each Project. net of ,

investment gains and lones and interest income drnved from unnpended Proint funds.

Nuclear Fuel Nudear fuelincludes MMWEC's ownership interest of fuel in use, m irock and in pnxus for Mdhtone Urut 3 and Seabrook Stanon. Fuelin use is reflected net of accumulated amortizat on of 52' 7. $15.6 and $7.0 milhon through December 31,1991.1900 and 1989, rnpecuvely. The cost of nudear fuelis amortued to Fuel Used in Electric Generanon based on the relananship of energy prcduud in the current penod to tota' espected enerFY production for Dudcar fuCl in the re.'ctnr. A proviuon [Cr fuel dhposal cDsts

is aho induded in Fuel Used in FJectne Generation bued upon fuel dispoul contracts with the De rtment of Energy.

Special Funds Prccccda fr:m the & cf recenue bena f t Preiects are deposited erith Trustee: te be mvmM unn! they are repred for -

casts of acquiution and construction or debt service payments. The Special Funds other than certain working fundi, ue testucted u to their use by the General Bond Resolution, which aho prescnbes investment thereof. Investments aie hnuted to direct obhganons of, or obhganons the principal of and interest on wnkh are uncondaionally guaranteed by the Umted States. Federal gmernment agency securities, new housing authority bonds issued by public agencies or mumcipahties. direct and general obligations of certain states or certain polincal subdivisions, bank time deposits evidenced by cernhcain of .leposas issued by certam banks. and repurchue agreements with primary dealers secured by certain securitie Cenun Special funds are more testricted u to which of the aforementioned investments can be purchued. Special Funds indude amounts held in trust under Power Purchase Agreements, wodung capital arrangements and agency contraas. These trustee? funds are invnted in secur. ties u outlined within the General Bond Resoluno, and in repurchase agreements secured by certain securinn at banks where MMWEC ha established accounts. (See Note 8.)

1991 1993 1989 Fund Co.ntruction Fund for depout of bond proceeds to be used for costs of acquintion and construcuon 5 5.893 5 27.422 1 42/45 Bond Fund interest Principal and Renrement Account to pay 14.844 9.003 8.150 prmcipal and interest on bands bd Fund Resene Account set at the maximum annual interest obligation to make up any deficiencies in other funds 146 RA 14SE8 144.127 Resene and Contmgency Fund to make up deficiencies in the 20.078 20.817 20.461

Bond Fund and pay for renewals and extraord nary costs 58,191 42.059 45.41?

Revenue Fund to rneive revenues and d sburse them to other fur ds 10.517 _LHL 875 Toiking Cap:tal Funds to maintain fands to coser operati"5 c3 Pen 5c5 Total Special Funds WM8' E(q WM l

5 m'

I MMWEC Notes to Financial Statements C) Significant Accounting Policies (rontmurd>

Casl> and Temporary Inwrmenn Certun wh and temporary imestment amounts are uwd for power purchun and workmg apaal requ;rements af MMW1 C une funds are nor gmerneJ bv the Ger,eral Bond Rnolunon. In additmn to the in estment securines dehneated in tbc Gener Bond Rnolunon. MMWLC purchnes Car adian currency for wh and f,rward settlement anJ imests in repurcher apeements w banks where MM4TC ha estabhshed aaounts (See Nure 8 )

Inratorsn 31,1991, IWO and fuel od and spre pru imentory are recorded anJ aucunted for by the average wit method. At December IW, fuel oil inventory was valued at 54.3 P.5 and SM ndhon, and spre parti inventory amounted to $15 4. 59.7 and $U mdhon, rnrecovely.

Rnnues and Unbilled Reunun Rnenues include decenc sales for ressie provided from MMTEC's operating uniu and power purchases. bohngs for admmnerante and general semces provided to MM4TC's Seniu Parucipanu; and bdhnp of debt scrwe on certain Prow; 13 commercial operation of the unsu *ithin thme Proiects. These and additional detuk of revenuci are u Miows.

1991 1990 19Q Revenues (in I housands) 5271.5 8 $207.000 5168 A15 Electric sales for resale i

- 46A32 87,446 Pre-operanon debt service 2,617 2,367 2,174 Service 2.000 1,167 -

PSNH Settlemen 292 113 -

Gun on land taken by eminent domain Revenues 1276Aq $25 T 9 1210E MM4TC bdh its memben for costs mcurred in providing senices and purchued power obtuned on their behalf under te of the fervite Agreement and Power Purchne Agreements. Service revenues ue recorded as the expen es are mcu which are not yet billed ue included in Unbdled Roenues on the Statemenu of Financial Pouunn.

As of July 1990, the commercial operation dare of Scabrook Station, electnc sales d dforh resale findude the Sea semcc bilhnes previousiv claufied as pre-operation debe senke. The ddference becacen amounu bdled d to curren

.tr.c, nu y un et t e ter the Power Sales Agreements and total expenses recoided m the statement of Operations a t.hayd a acditc Recover:ble (Payaole) Under Terms of the Power Sales Agreemenu.

Amouner Recourable (Payable) Under Terms ofthe Power Sder Agruments Bdhnp to Project Parucipnts are designed to recover costs in accordance with theE.xpenses Power areSales Agrenne therefore structured on a Project.by-Proicct basis to provide for debt service, operating funds and resene requirements.

redected in the Statements of Operations in accordu.cc with generally accepted accoturing pnnciples. De uming d amounts billed and expensed is charged or credited to Amounts Recoverable (Payable) Under Terms of the Powe Amounts wdl be recovered through future bilhnp or an expense wdl be recognized to offse creda balances. The indude depreciation, fuel amortization, costs anociated with cancelled or abandoned proiccts, certain costs. The reducuon of Amounts Recoverable (Payable) Under Terms of the Power Sales Agreements An increa3e in for Proicc excess of cost is prinvrily due *o the billing ofinterest costs for Proiects under construction through June 30,1990.

Anounu Recoverable (Payable) Under Terms of the Power Sales Agreements is primardy caused by recognition expeme in excess of bond payments related to a Proiccr. Individual Projects with a cumulative deferr and $132.5 mdlion and Projects with cumulative bilhnp in excess of costs total $120A,515LO and $132.2 milho 1991,1990 and 1989, respectively. These amounts have been netted in the Statements of Finanaal Posaion.

Depreciation FJectnc plant in service is depreciated using the straight hne method. The aggrepte annual proviuons 1990 and 1989 averapd 4 6 of the original cost of depreciable prope y.

(3) Debt Power Supply Sy::em Rmnue Bonds To fmance construction of owrienhip interesu in electnc generating pro;ects under its General Bond Resol issues Power Supply System Re enue Bonds (Bonds). The Bonds are secured under the f h Projects in General B revenues derived by MM4TC under terms of the Power Sales Agreements and from the ownenhip and operation o t e 6

MMWEC Notes to Financial Statements (3) Debt (<,sirmw.b Peu er Surjh Revenur Bondu iwstmudi its powet supple sntem. Fursuani rn the Power Sales Agreements with the Preiect Participants, each Proiect Partiorant is ebbrated to pay its share of the situal costs relating to the generatmg umti planned. under construction or m operatien The Prmett Pcteurants obl.pnons are not contirgent upon the completion or oper:nonal sinus of the umts.

MM4TC 6nancings, other than obbgadons maturmg withm one year. require Mumhusetts Deputment of Pubbc Ut& tics' (DPU) authonation. MMWEC hu recened DPU authonry to isr.se 5691 mdhon of bonds to refund currently outuandmg high interut bonds. A fang seeking an aditional 5261 milhon of bond rehmdmg authontv a pend ng before the DPU. The refundir g authonrations are to be utated in 1992 to retire high interest bondt

%ndi Payable conmt of Senal and Term Bonb and are compened of the following inues, which, except for the 190 Senes B Bonds, are subject to optional tedemption approximately ten yean after the usue date, at 103% of the prmural amount, descending periodically theredter to 190%. The 1987 senes B Bonds are subject to redemption begmning in 19n at 109% of the Principal amount, duendirg perio6caliy thereafter to 100%.

Net Interest December 31.

luut Cmt 1091 1940 1000 dn invusando 7.2% 5 57,140 5 61,640 5 62.545 l

1976 Series A 154.430 160.250 163,1 B5 i 1917 Series A' 6.4%

7?,525 80,000 81,265 1977 Senes B 6.1% f l 6.8% 61,010 63,075 6',,930 i 1978 Series A 122,400 126,420 130.200 I979 $cnn A 7.0*i ]

1980 Series A 10.2 % 77.835 80460 82.105 ,

l 99,505 1981 Series A 12.3 % 98.365 98.965 81,415 81,930 82,395 1981 Series B 13 4 %

13 4 % 61.150 63,155 65.155 1982 Seues A 126.045 127.030 127,870 1982 Serbs B 10.2 %

93,380 93.975 94,510 1984 Series A i 1.0%

13.5 % 52.620 52.835 53.030 1985 Se:ies B 8.9% 198.005 198.260 198.260 1987 Series A 11.8 % 139.400 139,400_ 139.400 1987 Series D l 1.400,7.'u 1,4 2 7,0$$ t 443,455 Bonds Payable (19.765) i17,280) (16.27 h

l. css: Current Muuntin 51,42 .185 l I Total Long Term Debt 31,% 0,955 iTT6T7T The aggiegate aanual prindpal partt.ents due on the Bonds in the neu 6ve years are as fouowr 1992 - 519,765,000; 1993 - 321,140.000; 1994 - $ 22,665,000; 1995 - $23,210.000; and 1996 - 525.115.000.

Net Revenue Avail.sblefor Debt Service In accordance with the provisiora of MMTEC's General Bon,' Resolution MMVIC covenants that it shall fta, revise and collut l

rates, rolls, rents and other fees and charges, suscient to produce revenua to pay .11 operatmg and nuuntenance expenses and principal l of, premium, if any, and the interest on Bonds and to pay all other obliganons agai, se its revenue Revenues, which mclu interest earninp from investments, are required to equal 1.10 times the annualdebt service for each contract year ending Jun deduction of certain operating and maintenance expenses and exclusne of deprecianon. For the contract yean ended June 30,199 1990,1989 and pnor years, MMWEC met the General Bond Resolution debt senice coverage requirements for the applicable MMTEC Projects.

Contract Year Ended June 30, 1991 1 con 1999 ;

Debt Swice Coverage: tin Thousandit

$191,887 5172.299 5171.651 Revenues 713 714 719 Other Billings 15,757 13,854 _,,13,121 Resene and Contingency Fund Billinp 196,357 186,867 185.491 Total M5,024) 04.46?) (41.159)

Less: Operating & Maintenance Expenses Available Revenues Net of Expenses 5151,3J1 3JR4j)q iL4Qg l Debt Service Requirement 51J7,575 5138,5 & 5131.211 l10 %

Coverage (110% Required) 119.% J ;

i l

MMWEC m Notes to FinancialStatements I

(3) Debt figntmee htes (%tyable MM4 I.C mamtami a llo mhn rnohwg ime of ueda to 6 nance terr:poranly irrtam power purshasn made bv MM41 C

-Ja in D91. I he ha!antn outuandmg were for reule s.nder power purchase wntru ts There were no borrowinp under the h. antandmg bajante of 51.1 and 50 % rmlhan 50 ind 52U00 u of Dnember 31.1900 and Im. iciputneh. with a mauma dunng 1990 and 1949. inpnencJv Interest sharged on borrmirp under the hne o, seit n at ammament fee of one hatt of 1% per annum n charged on th(

amount of the loan ountaning (4) I.jectric Generation l'a(ilities and I1nancing MM41C's power suppit upauty mdudes mternu m the generatmg units tt op" ares or n a nonoperann m the Mowmg table.

The jniv 1990 ommeraal operanon of Seabrook Stanon resuhed m the reduukanon of the tomt ownen4p inte Unenc Pfar e Under Construction to Untric Plant In Servue. Dettnc Plant in Serme aho muudn MM si C s Nenne Op whith totalled 52.2. 52.6 and 52.3 mdhon m 1991,1990 and 1989. rnpcenvely.

Arnounts u of Decemby 31.

facility and MMW1 C in40

\ hare of Capability iMWn inn 148o Projects tin I houundu 170 0 5 56.247 5 % 219 5 56,194 Stony Brook Pealung Proint 146.429 146.305 Stony Brook 311.3 146329 Intermelate Projnt '.344 W F Wyman No. 4 22.7 3354 '349 Wyman Proiect 128,257 123.186 Mdhione Urut 3 36 8 128.3'l Nudear Pre ! rt No.3 50,6'6 50.61 R 50,584 Mdistone Un 3 [84 Nudcar Mi 'o1 8.604 8 583 R 28' Seabrook Stanon 1.9 Nudcar Mis , .1 258,759 249.506 49.8 J9,346 Nudcar Proint No 4 Seabok Station 70,966 70.817 6'.873 Scabrook Sration 12 6 NuJear Proie t No.5 5n0.4 H 1 47172'.

69 0 501.295 Seabrook Station Proicct No. 6 ELER 51.227.5 4 iLRLO'b_

MMWEC's 116% joint ownership interest in the Scabrook Station reproenn a substannal pornon vf as p 6nancing program. Seabrook Station onginally wnsisted of two 1,150 d ewner holding 35 6% of the Una.

which currently is a divnion of Public Service of New Hampshire (PSNH). ;he Unit's lea Scabrook Station esperienced peniscent and substantial cost increues and schedule delays durmg the c periods due m part to public controver ry and oppourion from government orkials. regulaton an acated fmmcial problems for mmy ofiu point ownzn indud ng MMWEC.

'n December 1988, the Nudear Regulatory Commiuion (NRC) decided on allStation he Seabrook pendmg f nancut qualdica jomt ownen were brought to as attennon relating to Seabrook. The NRC ruled that, among other th np. t provide for the 6nancial abihty to decommission the plant prior to allowing the sran oflow-po a surety bond and NH Yankee established pre-operational and suppleme Dnember 31,1991 For additional informauon regardmg decommissioning e penses. See Note "ity 7, Commitmenu to rewver costs of and Connng PSNH, as a result of the continued delay in the commercial operation of Seabrook Stanon and as u Seabrook Station through rates prior to commeraal operation,6 led for protection from its aednon un Bankruptcy Code in January 1988. The Bankruptcv Coun admimstenng the reorganizanon he State of New Hampshue, various of PS to be fded and after heninp on the disdosure statements usociated with the plans. PSNH, t Bankruptcy Cre '.rcr and Equity Comminees ad othen agreed to and io ned in sponsormg the Northeut Utihties (NU) to acquire PSNH, indudmg Seabrook Sutic.n. PSNH emergedinons fro.n Chapter Ii i operaung PSNH u a stand a!one company under an agreement. The N Suuritics and Exchange Commusion (SEC) ne FERC inued a decision approvmg the NU acquisition of PSNH with transmission related conanon we Eled for reconsideration of the FERC decision. In January 1992, the FERC amended in decision with respect aans NU has in&cated that the FERC amended decis on should allow NU to complere the acq-sinon of PSNH.

The SEC held no heu np on NU's request and in December 1990, crmred union &rional approval o punes have appealed that dethion and the oral argument was heard in November 1991.

Muuminumist 8

~

n MMWEC Notes to Financial Statements -

(4) flettric Generation f acilities and finaming wn=4 In May 1991. New Hampshae Lintne Coopuaroe (NHi C), a 2% 5 rabt*k A tanon ont owner. hled for protestion from ai (redaon under Chapter 11 of the US Bankruptcv Code. NHf C Lononun to make 4}l ut its \eabrWk pavmenn and Fin gnond 5

amended plan of reo+pnaanon sponsoreJ bv NHE C and the State of New Hampshite don not annup4*e te,etoon of the ,cabnu.L frnt Owner hip Apeement The court hu apprmed the dminsure statement md hearmp on the teorganvanon plan base been j

u heJuled I

I UA Por er Corporanon. a 12% emt ownct of Seabrook % anon. announsed iri f ebruary 19H that n hied for protntion trem in orditon under Chapter 11 of the Federal Bankruptcy Code Two Seabnok stanon tomt ownen apeed to fund up to 51s muhon of l M Power s obl.ganon. I UA Power mundiio extruate itsdf from Chapter 11 through the amummanon of a long term power safe On June 1,19M. MMTLC s Board of D. rectors adoptcJ a strategic plan of actmn relanng to its seabrook Stanon nni ownenhip mterests. The pim of acnon endented, among other thmp. an intention to drawdown funds preuoudy paid and not to par any tuture direct obhpriom to Seabr*k $ntan. MM41Ci prepayments were ethausted in July lon The Conne. taut Lmht and Power Company, in enhange for a power saln arrangernent wnh other inini owners. and through addinonal pavmenn.

furnahed funds to Seabrook Stanon in heu of MMMICs payments, for the July to November 19H period in Smemtcr 1988. MMTEC and PSNH entered into a Memorandum of Undcntanding whe-bv MM41C wnnnued in fud ownenhip in Seabrook Stanon and further agreed to esecute a Settlement Apeement. The Memorandum, the $ettlement Aprement and amendments to the Seabrook Jmnt Ownenhip Agreement tComprehenuve Settlemene Apeement) prouJed, among other thinp. that al l notices of default were resanded and covenants not to sue among the m.uor to nt ownen of Seabrook station were eflecthe. T he Settlement Apcement required PSNH to be responsible for 530 mdhon of MMTECs Seabrook

[

Station pre. operational costs. The Settlement Apeement called for MMTEC to make up *nhin men days of the commeraal oprauon of Seabrook Stanon. any shortfalls m construction pavments after the $30 mdhon was ethausted, whah MMW1 C did. The l j

Settlement Aprement aho prouded that PsNH pay MM41C 53 5 mdhon on the EtIntive Daic of the Aprement and make a 52 mdhon annual payment to MMWEC. for eight yern. upon the New Eng!md Power Pml Japatch of Seabrook Station. As part of ,

the Settlement Accemens. MMWEC and PSNH agreed to terminate the Sellback Apeement which pronded that PSNH purchue a 1 pornon of MM4 LC s Scabrook Station capaarv. The PSNH bankruptcy court approved the Comprehenute Seabrook Settlement.

($) Unit Cancellations MMWECs invntment in Seabrook Stanon indudes an :quivalent interest in Unni i and 2. Seabrmk's iomt ownen hne authorized the sale or tramfer of all sahageable components and equipment from the cancelled Seabrook Una 2. MM41C recorded a gain on Seabrook Umt 2 of 511 mdhon in 1991. The joint ownen have aho apeed to allow the current Seabrook Umi 2 construction pc~r a to lapse and to take no acnon for r<newal. MM4TCs n-t wsts, nduding interest expensn, in Seabrook Unn 2 of 512'.6. $12L/ and 5123.3 mdhon u of Dec mber 31,1991,1990 and 1989 respecovely, have been deferred and are being recovered under the terms of the Power Sales Agreemenu.

In October 1981, the Boston Eduon Company cancelled Pdpim Umt 2, wiuch is induded in MM41Cs Nudear Mu No 1 MM4TCi net costs, indudmg intereu e peme assoaated with the Unit, which agpegated 561.2. 561.2 and 559.5 mdhen at of December 31,1491,1990 and 1989, respecur <, were deferred and are being recovered u.Jc the terms of the Power Sales Apeements.

(6) Benefit Plans MM4TC hu two non<ontnbutory de6ned bene 6e pension plus covering substantially all full-time acuve employees One plan cmen union employres (umon plan) and the other plan covers non unior. mployen (non-union pim).

The amount shown below as the Pension Benef t Obbption for MMTEC is a stand 2rdned disdosure meuure of the present value of penuon bene 6ts. i ad usted for the etTect of proiected salary increun. estimated to be payable in the future u a re employee senice to date. The meuure is the aauarial prnent value of credaed pru iccted benc6ta and is i.idependent of t method used to determine contnbutions to the plans.

The Pension Benefa Obhgauon wu computed u pan of an actuarial valuanon performed u of January 1,1991 sipufmant aauarial assumptions used in the valuation indude a rate of return on the investment of present and future anets of 8% a year compounded annually, and proiccted salary inaeues of 5 5?a a year compounded annually. The Pension Bene 6: Obhp plans at January 1,1991 is as followr Renrees currently receiving benc6ts (In Thdd and terminated employen not ver receiving beneGes 5 105 Current Employees:

Employer fmmced vested 900 Employer imanced non-vested 1.010 Total Pension Bene 6: Obhprion 2.015 Net asset avadable for bene 6ts, at market 1.260 Unfunded Pension Bene 6: Obhprmn 5 N 9 m i

l t

l

MMWEC Notes to FinancialStatements -

(6) llenefit Mans !mrouai Net usen as adable for benetits at market u a pr,entage of the Penuen Bene 6t Obhganon were 62 5% 'O 0% and " m. tor the scars ended December 31,1091,1990 and 19R rnpconck The untunded Penuun Beneht Ohhganon u a percentage i t inscred patroll w u 14 %%, 4 4% and 6 5% for the sean ended Decernber 31.1991.1900 and 1%9 resputorh In lW1.

MMW1 C mcrened the benc6n wnhm the non union penuon plan to be wnsment anh the utnon plan Ehn anon rouhed in an mitene m the total penuon henthe Obhganon of ShooO MMTl C makes annual sontribunorn to the penuon plani equal to the amounu rewrded a penuun ngn,e whah were 541Looo. 5329.000 snd $30L000 for the scari ended Dnember 41.1991,1990 and 1989. ropeitnehn Coninbunons a, pertentage of MM41Ci imered puroll were ' 9%. 6 8% and 5 5t% for the years ended Dnember 31.1991 l'mo anJ t w ,

respntnely The union plan uses the arpegare atuarial wst method and the non-union plan usn the troien mmal habihtv atuanal wst method m determinmg penuon expense. In ad.htion to Ae atuanal usumpnom outhned above. the anumed brg term rare of return used in determin ng penuon expense mu 9 5% Penuon tosts apphcrble to pnor 3ean'senne are amorured over thir v ytan.

Ten. seat hotoncal trend and other mformation w hich n required to be dmlosed m auerdance wnh Governmental Acwunnng Standardi statement No 5 n not conuJned materal and therefore is not prnented MhMIC wntt buen to an emplovce sannp plan adminutered by an insurance company. All full.nme employen mecung the senice requrements are ehpble to partiupate m this defined contribution plan. Under the proviuont of the plan, MMWIC s and

! the employen' wntubutinns snt immediately. MM JTC contributed 584.000, 575.000, and $70.000 while the emplo>eci wntnbuted 5144.000 $119.000. and $109.000 durmg the yean ended December 31.1991.1990 and 1989. respectneh.

(7) Commitments and Contingencies Power Purc/wer M',NIC's contract wnh the New Brunswuk Electra Power Commnuon caib for the purchue of 100 MW of capacity from the Pomt lepreau nuclear unit. The contract becarne etTective in 1983 and an ntenuon provided for purchues through October 1994, decrening the capaaty entitlement from 100 MT to 50 MT startmg November 1993 The wntract payment provmons require MMWEC to pay in all events certam fued, operating, maintenance and other charges relating to the unn. whnh are estimated at 536. 533, and 515 mdhnn for 1992,1993 and 1994 rnpectively. MM4TC hu entered into corrnponding agreemenu wah its memben and other utihties to resell the power.

MM41C ente <ed mio agreements for partiopation in the interconnecnon between New England utthries and the Hydro-Quebec cicanc system near Sherbrooke, Quebec (Phue lh which began commenial operanon in October 1986. The New England

)

i portion of the interwnnection wu constructed at a total cost of about $140 mahon. of whnh 3 65% or 55 nulhon is MMWEC's share to suppon. MM4TC has 41>o entered into similar agreements for partiupatioriin the intermnnemon between New England unhne and the Hydro-Quebec electnc system for the expannon of the Hydro-Quebec mterconnection iPhue !!) whnh went mro commeraal operation m November 1990 MMTECi equiry investment approumates 0.6% or 53.3 mdlion of the total e nmated wit. MM41C hu corresponding agreements with in members and another unlity to recover MMWECi share of the costs ,

amciated with the mierwnnection. '

Power Sales Agreements MMWEC selh the capabihty of each of its Proiccts to its memben and other utilit es (Project Participants) under Power

, Sales Agreernenn.

in October 1985, the Vermont Department of Pubhc Service brought an action against MMTEC in Superior Court of Vermont cha!!enpng the vahdiry of the Project No. 6 Power Sales Agreements a entered into by the Vermont Parnapants. In 1986, the Superior Court ruled that the Power Sales Agreements for Project No. 6 toween MM4TC and several consumer-ow ned unhnes in Vermont were valid under Vermont law. The plainuffs appealed this ruling to the Vermont Supreme Coun m Apnl 198'. In t 1988, the Verman: Supreme Court ruled that the Protect No. 6 Po*er Sales Agreements with the Vermont utihties mere void smcc l mception because the unhnes lacked the statutory authority to enter into the contracts. In January 1989, the Vermont Supreme l Coun denied MMTEC's motion for a rehearing, and MMWEC subscouently (ded a writ of certiorari with the t'nited States Supreme Court to review the Vermont Supreme Coun deenion. The wnt of censorari wu denied in October 1989.

Subsequent to the Vermont Supreme Coun decision, the Vermoni .bhe Service Board ordered the Vermont Project No. 6 Participants to cene making paymenu to MM4TC. MMWEC recorded a resene for the receivable in 198S which was ad;usted by 52.7 million m 1989. The Vermont Electnc Cooperaine and Wuhington Electnc Cooperative of Vermont had already stopped making payments in January 1956 and 1988, respecuvely. The default by the Vermont Panicipants and Eastern Maine Electnc Cooperanve, discussed later, resuhed in a step-up reallocation of the Protect No. 6 project capabihty, m accordance with the Power Sales Agreement.

The Stony Bnnk Intermediate Project hu approximate.',e 8.2% of Proiect Capabihty under Power Sales Agret.nents with Vermont entities, whnh Power Sales Agreements are virtua!!y identical to the Proicct No. 6 Power Sales Agreemen:. The Vermont Legidature enacted lepslanon seeking to vahdaic the Siony Brook intermediate Power Sales Agreement m hght of the Vermont Supreme Court deosion. MMWEC is seeking a dedarat on of the validsry of the Stony Brook Intermedate Power Sales Agreement.

u well as the curatne legidanon, in the matter of MMWEC v. Stue of Vermont, currentiv pending in the Superior Coun in Wuhinpon County, Vermont m 10

MMWEC Notes to Financial Statements A Commitments and Contingencies w=neurde Pner Sales Agreements tanwsued)

The Town of Hudson light and Power Depanment and th Cav of Peabodv Mu mipal bght Plant tued a lawsua agamst MM41C in Nmember 19n whkh among other ihmp. ought to en om the MM41C Board of Direttori from acung upon the Memoranduru of Understandmg dacuned in Note 4. The Mmachusetts $upenor Coun denied the Town of Ho&on Ught and Power Department and the Cav of Peatwiv Municipallight Plant injunction request, whnh demal au upheld bv the Maua.husetu Appeah Court.

The 19% Vermont Supreme Court dension declanng the Project No. 6 Vermont Partiorants contract .oid unce muption.

uused certain Mmuhusetu Proiect No. 6 Putiopants to raise mues relating to the vahdity of the Proica No 6 Power Sales Apeements, allepng among other thinp that 100% paracipation in the Peo;eu No. 6 Power Sales Aperments a a wnetmn precedent to as vahity. The baus for the complaints wu whether the Proicct No. 6 Power Sales Agreements are vahd and bm&ng. since e aHeged in the complamts a condition pretedent to the vahdity of all the Proiect No 6 Power Sales Agreements wu 100% participanon in sud Apeement, and if the Verrnont Pamcipanu' contracts are void since mcepoon, then tha condition prece lent hu not been rnet. Further, the complaints alleged that any increne in Proiect No. 6 bdlinp u a result of the nonpayment by the Vermont Pro;ect No. 6 Pamcipants was unlawful on the bua that the Project No. 6 Power Sales Agreements faded to have 100% participation and MM41Cs use of Project No. 6 far ds to cmcr the shortfat in receipts constitutes a breach of the Power Sales Agreementt in Aptd 1989 MM4TC hied an onginal action in the Supreme Ju&cial Court for subik County agamit two Mmachusetts Project No. 6 Parucipantt A Supreme Ju&cial Court Justice granted MM41Cs request for prehm nary mjuncuons orderms the notopaying Partiopants to pay their obbgationo in December 1968, the Town of Huden bght and Power Depar~nent and the City of Peabody Municipal light Plant amended their complaint against MMTEC to mdude challenges to the vahary of the Project No. 6 Power Sales Agreement or, the 100% parucipation issue, as previoudy dacus>cd wahm the context of the Vermont Supreme Coun decmon. Thu action became a part of the Supreme Ju&cial Coun case. In January 1990. the cue wu remanded to the Superior Court.

In November 1990. arguments were pesented on motions for summary Judgment and a Supenor Court judge ruled that the Vermont Puticipants' nonpayments consotuted a default wuhin the meaning of the governmg documenu. The coun funher ruled that this default triggered a step.up and other related actions as required by the Power Sales Agreement. The judge reported his decnion to the Manachusetts Appeals Court. Motions for erect appalate review were fded with the Supreme Ju&cial Court for the Commonwealth of Musachusetts which ic,ok the case and heard oral arguments in May !?91.

On August 2 .1991, the Supreme Judicial Coun for the Commonweahh nsued its decision in th .uc MMUTC et al v Town of Danvers et al noting that "the Proiect 6 PSAs executed by the defendants ue vahd and that the step-up provisions therem have been properly invoked? The Supreme Judicial Court for the Commonwealth ordertd judgment to enter for MMTEC m the Supenor Coun. That judgment wu entered on Octotier 2.1991. The Hudson Ught and Pows, Department and the City of Peabody Municipal Light Plant beliese their anemons regudmg the Project No. 6 Sdlback Agreement contmue to be an open tuue in the Supenor Court. Two of the defendants impacted by the Supreme Judicial Court decision m the MMTEC et al v. Danvers et al cue, Hudson Ught and Power Department and City of Peabodf Municipal Ught Plant, fded a wnt of certioran wuh the Unned States Supreme Court on December 27,1991. On December 30,1991, the Clerk for the Supreme Court reierted the wra as jurisdictionally out of time. On January 27.1992, the Supreme Court derned the Hudson Ught and Power Deputment and Peabody Municipal Ught Plant motion to compel the Court to take the writ.

In March 1989, Washington Electric Cooperative of Vermont filed suit against MMTEC in the Washington County Superior Court in Vermont for resurution of payments made to MMTEC under the Project No. 6 Power Sales Agreement. Tahington Electne Coo;<rative received a trustee proccu against other Vermont utdines which are making payments under MMTEC Sto Brook Intermediate Unit contracts. MMWEC hu removed thn cue to the United States Distnct Court for the District of Vermont, where hearings were held and an order wu issued to dinolve the trusiee proceu contingent on MMTEC giving notice of any intent to take away the Vermont Participants' Intermediate Unit capacity.

In July 1989, MMTEC fded a counterclaim against cenain & rectors. managers and attorneys of the Tahington Electne Cooperame for misrepresentation. These third party defendants have moved ta damin the clums. In November 1989, the Ver Depntment of Public Service rnoved to intervene in this cue and filed a claim of 16 2 million for restitution of**$ all Vermont Pr No. 6 Participant payments. The Federal District Court daallowed the VDPS intervennon ii the cases which arreal subsequendy upheld by the Second Circuit Court of Appeals.

In September 1991, Morrisville fded a complaint agunst MMWEC and Stowe in Supenor Couit in the State of Vermont seeking damages of $1.2 million against MMTEC and $100.000 against Stowe. Morrisvdle and Stowe both fded mo that cue to the Vermont Superior Court. Over MMTECs objections the Federal District Court remanded the cue so the Vermoar Supenor Court in December 1991, MMWEC hu fded a stay of the Federal Darrict Coun's remand, in September 1991, seventee (17) Massachusetts municipal light departments, which are Parucipants in Project No 6, and MMTEC, separately hied acnons agJnst the former Vermont Proiect No. 6 Participants and their respective managers, consultants and lawyen seeking resulting frorn the impsition of the step-up in Project No. 6.

In December 1990. Continental Bank NA, the Bond Fund Trustee. fded an acton for secunnes fraud in Maadiusetts Federal 11 m

MMWEC I Notes to FinancialStatements .

n Commitments and Contingencies nnnnus Pou er kla Agreemerst! wntmed)

IWnct Coun agamit the sanous bght depanments wntesor.g the Pimeu No 6 Power Sab Agreemento and apnst cenam turrent and former lyht department manAFen indnidualh. MMWI L a named u a nonunal party m the case, and no damarn ate mught tn.m m l he l ederal Ihtmt Coun damned the ta,e m Wrobet twl, and Connnental Bank NL has appeded it to the Ent Grant Coon of Appeah Eastern Maine Electric r feraine ilMEO. a Pamorant m M\l4TCi Proiett Na 4 Ekd tbr protecnon under tharter 11 of the lederal Bankruptcy w in /.aget IW. EMEC'i subsequent pennon in rnett its wntrat wnh MMWEC wu den cd bi the U S Bankrupt.v Court MM4TC has formAly 61cd a dairu n the pros eedirp for the rnoney it n owed u i MECi lugnt impa. red ucltor MMMIC subsequently entered into a wtriement with EMFC whnh wetled the adsenan proceedmg for among other th ng dar ages of $30 rndlion and estabbshed a limit on MMTECi potennal recmcry of $15 milhon. Amended reorganuatio. plans were bled by MM4TC and EMIC MMWEC $ rian calls for the t2kemer of EMEC. A new sudge held heannp on meral urects of the cue and in March 199L the bankruptcy iudce ru!cd that EMEC's plan of %rganaanon a non con 6rmible as a mattet of law, leaving the MMTEC plan for wnuderanon MMWEC n updanng its plan as attlement negonanom are taking plac between EMEC and the Project No 6 Parnurants' Committee.

In January 1986. the Hull Munupal Lghnng Plant Eled suit trainst MMTEC wek2ng a declaration that its Power Saln

?greements for Nudear Ma No. L Nuticu Proiect Not 4 and 5 and Proiect No. 6 relanng to Seabrook Stanon were invahd. and an injunction agamst MM4TC wilecong any amounts imm Hull undet the agreemems and monetan- d mages. The suit challengn the vahiry of the e Power Sales Agreements on sarious troundi and allegn among other thmgs. marepreantanons breaches and imprudenacs by MMWEC. In 1986, the Mannhuserti Surenor tourt granted MMTEC's monons to stay the legal proceedmgs and compel arbitranon of the suit and for a prehmmary miuncuon requinng Hull to my its share of monthly power cmti as required by the Power Sain Agreeme itt A Single Justke of the Manahmetts Appeah Court demed Hulfs pention for rehef from the orden of the Supenor Court, and the maner went to arbitranon. He Mauxhusetts Suprene Jultial Court subsequently took the cue and inued an opinion upholdmg the in!uncnon. In 1981 the arbitrator ruled thu the wntracts ugned by Hulfs hght board with MMTEC were vahd wahaut ruling on the alleged Leachn. imprudencies and misrepresentatiom clumed aga nst MMTIC by Hull Hull is making payments, under rrotest, in accordan(c wnh the wurt order. After a hutus in the cue, a new arbitrator wu agreed to and daco cry was complete > n 1%0. MM41C fJed a motion for parnal summary judgmert, whkh wu demed m pan.

The tue is scheduled for trial in 1992.

In September 1W1. the I ucoag iire Dutnct, a 1.8% Proicce No 6 Parucipant doing btainns n Rhode Islani fded a picadmg whkh mk tu liase iti riviett No. 6 Po-tr SAes Agicenient detl. icd soid TL rdmg .ai riiade tu ilie Pdiodc Id.nu r A.dit Uti'iiiisi Commnsion which referred it to the Diviuon of Pubhc Unhties and Carners for imesuganon and heanng. A schedule for dncovery and hearing hu been established. MMTEC hu intervened m the fihng and is renewing all of its optiom u to an appropriate counc of anon to enforce the Project No. 6 Power Sales Agreement agaimt the Pncoag bre Dutrict.

Bued on bond counwis' opinions regarding the Power Salo Agreements and general coumel representuions regardirg the brigation discuwons with such counwl, and other comideranom management beheves that the ultimate resolutien of the actiom docnbed above will not hue a material, adverw cHect on the financial poution of MM41C. MMTEC cont;nues to enforce the prm nions of the Power Sales Agrtements to auure that adequate revenues are collected to meet debt wrvice payments on its bonds m auordance wah the General Bond Roolunon.

Other luurs MMTEC u a joint owner of the Mdistone Umt 3 and Seabrook Station nuclear units, is required to set aside funds for their eventual decommissioning MMTEC's policy is to fund these reserve requirements over the bcensed hie of the units through monthly bdhngs to MMTEC Participants in the unit. MMTEC's share of the total esumated Mdistonei Unit 3 and Seabrook Stanon's prwected resene requirement is $16 million and $39 mdhon, of whkh 51.5 and 50 7 mdhon hu been funded, respectnely, as of December 31.1991. The amounts are included in other deferred charges and accrued openses.

In Au6uit 1988, a reviwd Price-Andenon Act *as enacted, calhng for a 6fteen year catension of the nuclear liabihty indemm6 cation pn>ccu. The Ac' provides arprotimately $18 billion for pubhc liabihty daims from a single incident at a nudear facihrv. The $200 mdlion pr:m.try layer of insurance for the liabihty hu been purchded in the wmmercial muket. Secondary cmcrage of $12 billion is to be provided throug.h a $63 milliot. per incident usemnent of each of the currently bcensed nuclear uruts in the United States The maimum useument is $10 milhon per incident per unit in any year _ If the sum of the liability claims and costs fre n an incident nceed the maimum amoum of 6nancial protecnon, each reactor owner is subiect to an aditional 53.2 mdlion aues ient. The maximum aacssment is subject to adjustment for influion every fue years. MMTEC's interest in Md! stone Unit i and Seabrook Stanon could result in a maumum assessment of $3 0 and SL3 mdlion, respecovely.

Insurance hu been purchued from Mudear Electric Insurance Unhmaed (NEllJ to cover the cost of repair, replacement, or '

dewntamination or premature decommissioning of utility properry resulting from msured occurrences at Mdistone Umt 3 and Seabrook Station. MMWEC is subject to a $1 mdlion assessment. for its parncipanon m Md! stone Una 3 and Seabrook Station, for ncess property damage, demntaminar:on and decommisuoning u well as retroactive assenmen:s if losses exceed the financial resources a ailable to NEIL M 12

i l

l l

l MMWEC Notes to Financial Statements .. .

(7) Commitments and Contingencies ornnnwd!

Oder luun wntmud!

MMWI C is not currenih-(mcred under padual poHunan habihtv miusance related to MMW1 Ci stunv Brook power plant.

Marugement a noi aware of any matenal claims enade durmg 1991 or outstandmg as of Detember 31. iW1.

Addinonal informanon regardmg wmmitments anJ wnnntenon relatne to MM4TCi debt and invohernent n nusicar projects a dmussed m Note 3 - Debt and Note 4 - ilectn. Generanon f auhon and Imanung (8) Investments and Deposits All bank depouti. whuh amounted to $624M00 at December 31,1991, are maintained at two 6nanaal msutunons The I edera!

Depout Insurante Corporation currently insurn up to 5100.000 per depoutor. MMWECs uninsured depouis ranged from rero to 512 9 mdhon donng 1991 due to seasonal cash Hows the omin6 of daily cuh receipts and favorabic carninp orlered on these Jemand deposits. Invenmenti are stated at cost adiusted for accretion (amorunnons of the dacount Irrennui.it MMWICi normal pracuce is to hold its investments until matunty. At December 31.1991. all securines underlyir,g repurchue aperments. and a!!

other mvestments, were held in MMWECs name by indepmdent cuuodians consistmg of the Conurucnon f und Trunen, Bond f und Trustee or MMWECs depository bank. Invntmenn, reprnenting the Speaal f unds and Cuh and Temporary Investments, u well a certun addinonal amounn dnbuned but avulable for msestment, and accrued mterest, are pruented below:

1991 loon loRo Larrymg Market Larrymg Market Larrymg Market Amount Value Amount Value Amount Value Type of latutment (Dd!vs le 1kwnda Repurchue Agreements $ 15.R8R $_,[fy[@ $ 9M2 $g $, J 1AQ $ 26f

Other Insntments:

- - 82 62 34 34 U.S. Treuurv bdis U.S. Treuury noen 37,013 38.163 29,382 29.602 49.479 4932' 56.614 57,569 36.149 36.380 30,'65 30.?l5 U.S. Agency bonds U.S. Agency 149,045 $149,101 16s.296 i65.302 169.327 167.240 discount notes Cern6 cates of

- - - - 89 89 Depouts Total Other 242.6'2 244.833 253A52 254A26 244.694 249.605 Investments Total Investments $291360 5261,141 $263M41 5264 64R 5m5ft 52 % 932 Temporary insestments, made up of funds avalable from amounts for which the egense has been recognued but not cleared by the bank. approximated 50.5, $5.8 and 54.1 mdlion in 1991.1990 and 1989. respectively, and are induded in the total mvestments noted abose.

Due to scuonal cash Hows during 1991,1990 and 1989. MMWEC, from time to time, invested in repurchue agreements wah 1

its depoutory bank that were collateralized by securities in MMWECs name held by the depoutory bank. MMWECs practice is in monitor the market value of the underlymg secunties to ensure that the muket value equals or escceds the amount mvnted.

{

13 M

i MMWEC Indeyendent Auditors' Report -

OH bupplementary [HformatiOH The Board of Directors MAssmit'stris Mtwiciert WitousAu Eucmc CourA.w:

We have audited and reponed separately herein on the 6nancial statements of Massachusetts Municipal 4blesale Electric Company as of and for the years ended L)ecember 31,1991,1990 and 1989.

Our audits were made for the purpose of forming an opinion on the buic 6nancial statements of the Massachusetts Municipal Whles le Electric Company taken u a whole. The supplementary information included in pages 2123 is presented for purposes of additional analysis and is not a required part of the basic 6nancial statements. Such supplernentary information has been subjected to the auditing procedures applied in the audit of the basic nnancial statements and, in our opinion, is fairly stated in all material respects in relation to the basic 6nancial statements taken as a whole.

h 44 Mu"b

[

February 12,1992 m 14

MMWEC Project Statements ofFinancial Position ent*O December 3!.1991 NtiC1FAR QUIStC gg NtutAR NtG IAR NttCLEAR PROllCT IN TE R SER W T MsX t PROI $ PRO) 4 PROF i NO. 6 P1AMNG Mt titA iE '4TLt4N Pt LAsl il Tot At Assess finum 3%

5 2.233 3 Svlao 5129 378 12$9.546 8 'ow Iso s.29s 1 %.24' $ l ee.329 8 7 n4 5 $ 1.2 tl A21 in %ee=se U.'.*. *) 0 %0 23 ,,1X9 N l# Ell l* f.3 L W.R* 7

. memulased Drgweustoms fl NJ 0.lts8 10,'9[] (13.6 9') _

b48 50.184 If Wm. l ?9 245 'o* 6',229 474J14 958'4 Ma.4s' 436' l.e?tJJ.

N. lear fuel-are =(asamaamm== -

_I 2G3 1865 8.52R 2 311 . Ita M -

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T J t1,<u= Ptmu 841 St A12 109165 ;$4E7 , e342 _,igt}.

Sri _=ag 4337 _fys W Sgrual Fames 4.ss2 234 59 "4 - - S eis Cun arute un FumJ -

D emiFund 4D 1.282 2.092 I,t95 1.52n Ito e 4 D44 inse ess. Peum. psi and hwenican hasas -

t.%7 r4

- 12.18? B 5.21 ) 21.9M 8 7.051 4,4;N a.7m4 13 0 % w2 -

346.444 ,

Reeerwe hmens 3.464 2.771 3.715 t.t s4 6.0% 9'9 B6% 294 29 f s Reneewe arml Cameinges.y >wid -

U;n 4, eses 30.443 33m 2s,Vn iJna sn ) 9 Re esime F=ad - 1 643 4.74%

W= Leg Capesel F unds 10.533 - 09 _I+M L'

_ty.m 24 p 26.soe 54 5n in.w .4.122 I ., 4 w.ie. 2.23 ou 2%. .;

Cwmn Ameo C e A. a Caste and Teeng==ary in ewa= nes tJa1 - - - - -

5.424 31 a 4 i 9: li % s '2 n hoeuses hmalde 6 -

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tints.2ed Revenues -

is B .7% 442 2.419 1.%4 5 2J42 294 t

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13 f.t aa 3 c=4 wr' 3 yn 2384 i t 3e,2 * *n i43 e r y'3 Jg TeeJ $peual Finids aml Car.eae Assets 26.4nt) . 25.422 2tAs* 3',21; etJ9% 9'.4 2 ' 22,2n= %.1 's ja i2 ,_;'s " 42 IWerved Changen s bevera64e (Pavalk)

Ur. '-e Te ins.d d.e P er $4es n eun Agree wws - '9.44 M. lo t e 40.nres ('.ws; po s ten (1341) * ?ml s ')

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Post.lt ' orand 1as transm t'al memo 7671 ' ,scriaoat a c.coc,w.or, .

g ,,,,,,

.It>N, kmM, Vencnt 12 ikvmhirn t'au 16 klarn * "

0 * ' " * * E ^

b *

o a ' *

N y f/ V7,. No '~ ~

'*ne,eh'G e

eT ~ Ventont Electric C&T Cocporative, Inc.

p,p, Schcol Street 1 Mnson, Vwont 05656 n s a v s e c,,.

f"'(p0.A d*N 77 (_ _"'g (oS S ~76 8 vosT Dec. t v.a.r.a 31, 1991 t_

...w._.--- CC RTIFIC ATiON we hereby certify sket sh entries in the repet are i e accord nee with eine accounts and oth e oelt Of Gser krtowledgt end belief, end fofett 8he sletus ofi e syllem to t ALL INSURANCR ANO RE 14f 0VIMED BY P ART 1788 0F 7 Cf R CHAPTER XVil. RE A ALS HAVE SEEN CITAINED POR ALL POLicits.

. P er G h4Ar.AGEm 6FACCOW1 ANT A A. n/64lm A g i a 1 ,' ( h a A 1--n- - C(5. Aoats 3 O N _

v siosatuas ost uAsahn ,

$ECTich A. STATEMENT OP OPERATIONS YE A A.TO CA7 5

~

Tsals VEAA DVDG ET IT W L.As ? YSAR fel td) 161

(*)

12,050,089 13.851.982 13J 88. 639 1.274.643

1. EJocuie seergy mmavse. . . . . . . . _

2. laccene From Leesed Property Net . . . . . 133,123 129,860 1.gl7 _

9,626 1.97914pn

3. over operatine nmaue sad iacome . . . . 13.985,105 13.518.440 12,059,715

4. Tosel oper.Pevenwes & Peiro*so Caphal(j th,v ss, 613,A06 1.111I7A4 iA0Q1717 ' iloltan

8. Opwet4n C apeen . Produttlort . Esctwding fwei

~ 291;.949 227;105 _ 7 A '. 779 _.

8, 0pmeton E xpe nu . Peoduction . Pwel . . . .

337327 3,114,626 ton,Ana

3. 45L,213 3.128L 510

7. Opmtan Especi. Other Po < r supply . . . 595.551 s01.41? _d) ?si

. . . . . _559.531

8. Operetton tspenee .Trorveleekn

' 9. Operation Ceme . 0;str%t.on. . . . . .

_ _ . _1,478 1,183 1792 81 to. opmtion tapenu .Ceewrner Accowa u. . . . __

ti opmtion s pem .Coe wmar smio & inform.

12. Comtion E num . $dee, . . . . . . . 634,342 A%;A1A 661.422

13. opms:en t ap;nn . Admintetistive & oenmi . .

625.422 ss1.1RA 5.594.A77 5.*1 A9.399 5.14R.417

14. Totw opereiten tapme rs tw ss>. . . . . 40;345 36;000 4;959

~ 71;804 ts. ueinianece t apeau . Prodution . . . . . _

ts. Momenance tapme.Trea:mwtoa. . . . .

i . . . .

17. Me'Manance

. Esome .Distribut on .

te, u8ntmace sapone. .ceners Pient. . . . . 40,345 36,000 4.959 _

. . . 71.804 140.663 1s. Total Metateneau repenu tas ran, sei.

_ 1,331,413 1.729.430 1,197.587

20. Depenlation & Amort 14 tion Empne . . . .

432.130 300.800 80.129 238,888

21. Tamee . . .... . . ..... 3,300.287 3.312i675 279.722

. ..... l4,312,953 )( )

23 sete mton Longform oedt . ) (

. . . ( 402.257 ) (

3,275,525 237.776 _

23. Inter est Chergod to Coeistewetion . Credit.

2.02Al?1A 2,790.001

24. Oew latomt Capem . .. . . . . . 321 U. oiner Dedvettw . . . . . . . . . . 14.081.913 13.51L499 1.296.A15

28. Total cost of tiectric service tJ4 e se tw sss .

_1L.M6. 396 (96.808) f1 R . M51 ~

27. operettns Mers'at te ##J . . . . . . . ( 36. 6_A11

~

91;180 16;999 36.681

28. intemt laceme . . . . . . . . . . __

39. Alto nce for rwads Vevd Outlas Construction .

8L67R 1.356

30. 0thet Nonopwating tneome . Net . . . . .

21. 0.aeres:en & Trenerrdssion Cep.tW Ceedas . . . _.

32. Other Capital Credts & Patroneye 03videads. . . __

l _

33, tatraor$nery iteme . . . . . . . . . . M. Net Petroam C.Niet or Merotas (te tw s, Meur.AWh topstemel U.e ay ae ee rers ..

tTEM .t

_ -_pr

35. Elecuit tne.gy meren ,e Per kWh sold se. Tois ope sc.n & pe.nie.ience ripenee ra EWh sso .

37. Total Cost el Cloctr'st service Pee kWa Seid .

f.

kx*

\fi h?i% W 6 3g g , l y

"E

38. Purchased Power Co.1 Per kWh

                                                                    .                                                                                                                        Pact t gumag AE A Perm 12s ( Ary, 3.$ $ )

(

t Il[A USE ONLY SQf@QWER ot$1GN AtlOI*-

             '                                                                                                WSDA.RCA                                         Vernont 12 Hamshire MONTH ENotNo OPERATING REPORT + FINANCIAL                                                        Docenber 31, 1991 tECTION B. BALANCE SHEET LIABILITLES AND CTHER CREDITS AsstTS AND QTHER DittTS 30 M                                                                                                            . . . . .
                                                                                                                                     *59.002.091, 27. hderstre. . . . . . . . . .
       '-                                i. Toisi utmtv Pien* in senas.                                                                                     2a. Petronecostei                                             (326,475) 1, Con.trwc o n w 6';Preerne . . . . .                                                                                  s. Aastened end AndpatWs .     . . . . .        '
                                                                                                               . . . . .      . J g.002.OQ%                                            . . . . . . .
                                          ). Tot 0 Vt.1.tv Pier t i1 * *J                                                      .         /3 78i758_               n. nestred Tm. v..e

4. Anwm.Prov sten tar oepree.atten a Amort. . N I 823,337 c. ReCred Prior Ysers (326,475)

5. Nc;UtiUly Ptant <J . dj . . . . . . d. Net Patronage caottet . . . . . .

I _ P, Nonottlity Property Net . . . . . . v se,. . . . . . f.; 7 , -st.in Apoc.Org.* Petronage Coltet ._ 42.7 1 29. Operou ; Mars;nt Priv

30. Operet S Vergins . Cversat Yeer . . . .

   ;*                                                                                                                    n                     19.177 _

1

    ;;                                                                   ast. in Assoc. 01. . Q*er . General Fu c*r              . _ _

31. Nonope,.itng Morpine . . . . . . .

r-et. in Anoc. Org. . Othw . Non4*n. Pynde . _ . . __ 20 h 18L 7.43 32. Other W7 ns i end Ewitlet . . .

                                                                                                            . . . . . . .                                    3*A. Tote Ms;J,s t Equitres ts t . ste ta, as;     .          (326.423)            .
                                                             ? >arlnvestments                                                                             _

13,71s 971 _ apevat f ands . . . . . . . . . 245,639 24. Lons-To.m oeot atA . , . . . . 28',270,210

2. Tot.t oen ?r.oertr a tavaimenta re mn. iii. _ . . . . . .

500 _ ss. Loas. Term o.dt e m n . e;m; . 313 e c.e'.oenererFund.. . . . . . .. 34T953 as. Totai tre. Term e.ot 94. su

                                                                  ,a.h.Constn ction Ponds.Tivates .

37. Notes Paysbte . . . . . . . . .

268[1 17 ,

speewf Oeposits . . . . . . ., . .

                                                                                                                                                                                                                    ,j,o M ,soo 2,350,876 as. Accovni Par abi, . . . . . . . .                                          71,007 n Tempewr inwatrmau . . . . . . .                                                                        _ 30. Tem Astrued . . . . . . . . .                           3,967,358
                                                                                                               . . . . . . .                                                                                                                    J 30,180.740 _ 4o. ini.rnt Actrued. . . . . . . . **.

4' 7. Noeu Rw.eNetWo . Net /

                                                                                                                                                                                                                       ._ 26.056.724
                                                 .s. Account ReceNeue. Net . . . . . .

41. O*w Current a Aosn.e4 Liecillun. _45,936,134

19. Fuel Stosit .. . . . . . . . . .

                                                                                                                     . . . . ._                           _ 47. Totat Current A Accrved Usbeth fat ohn 4:3                     288,750

10. Metectets and swpotles .0$u 108.319 43. 0.terred Ciediti. . . . . . . . .

21. Propeym4Ms . . . . . . . . . ._ 44, operseg an. rwa . . . . . . . .

12. cow Curr. t. na Accrued Aust ,,,,12,,575,387 44. Accuenu:.t.d oeteered tacome tem as Tote: Corrent end Aecrues Aneti en s sa,i, sei 2.550.920 as. Toiei u.o.i.cn .nd om. Credia 07,40' 9 0

24. unemertised o.et oi.e.a estreoro. Proo. Loum 109,307 ess . as . 4s an. 4se . . . . . . .

2ft. ( *w ooferred o.uiu . . . . . . . '87,404,590 _ '

26. Tot 1fAsrj j g f y sf8.tre93.se,ess.

                                                                                                                             $ECT10P C. NOTES TO FLNANCIAA. STATEMENTS T ALNgQ IN TNr$ Af.PCRT.

THE $7 ACE 6tt.0"r IS PAOvt0t'3 904 tupomf AN% .sOTES .t[GAADING THE e thANCI A1. STA1 LMENT coM (19 ADDITt0HaL $PACal it NEEND. USE SEPARATE SNbET.) Killstcre 3 14,732,302 Seabrcok 1 27,217,072 H. Hartland Hydro 16,250,137 Highgate Transm. 782,917 Othar 19,667 7 59,002.095

                                                                                                " Inchx*.es Past Dxs Principal                                     1,664,848
                                                                                                         "         "     "          "                            24,462,936 PW 2 A atA Pomra 12e (Rev. N gp
          - - - - - - - - - _ - _ - _ _ _ _ _ _ _ _ _ _ _ _ - - - ~ - ~ ~ - - - - - - . , _ _ _                                                       _                                                                         ~-.m

t

                                                                                                                                                      .- { li f %
                                                                                                                                                                              ~

t'~~ l i ltK'KKLMLR CblGN AflON i l N.H Merrimack l UCRROWER NAME A ADDRESS FINANCIAL AND STATISTICAL REPORT NEW HAMPSHIRE ELECTRlC COC ERATIVE, INC PLYVOUTH NEW HAMPSHIRE P5400 ENO- January 1992 CER7diCAUCN We hereOy cettty that ma e suries on ttss repw nn accordance ntth me acca rts and other records of me system andreflect the status of tre system to me Dest w .urknowledge ,2nd belief. ALL INSURANCE REQUIRE 2 RY P ART 1788 CF 7 CFR CHAPTER XVII, AR W AS IN FCRCE DURING THE REPORTING PERIOD AND RENEWALS HAVE BEEN CSTAINED FOR ALL POLIC:ES.

                             , !t Y i N ] f R ,0                                                                 S t J lG,1 54gnature of 4ccountant                                                                            DA TE I

I r, G' w / Zll<0 . ?6 unn i r

!!C / 3 L 4 Signature orcManager / OATE V PART A. STATEMENT OF OPERATIONS Y-T-D Thts

                                             ' TEM                                Last Year      j     This Year                     Bucget             Month Lb #                                                                           (a)                     (b) 1 (c)                (d) 1 Operaung Revenue & Patronage Capital                                   $6,943,763             57,483.965                 58,796,298         57,483,965 2 Power Procuction Expense                                                  442,383                   132 756                 336,687             132,756 3 Ccst of Purenased Power                                                 2.057.685               4,175.639                 5,725,303          4,175,889 4 Transmissen Expense                                                         19,812                     9,356                  25,630              9,356 6 Distnbution Expense - Operaton                                             114,731                   97,481                 183,765              97,481 6 Distnbution Expense - Maintenance                                          108.917                  138,498                 172,039             138,498 7 Consumer Accounts Expense                                                  187275                   102,592                 170,952             102,592 8 Customer Service & Informadon Expense                                        7,966                    14.238                  27,324             14,288 9 Sales Expense                                                                      0                            0                    0                 0 10 Administrattve & General Expense                                         1,109.698                  6%,05w                   895,468            636,050 j        11 Total Operacon & Maintenance Expense (2 trhu tc)                        $4,048,567            $5J06,910                   $7,543,258         55,306,910 l       12 Deprectauon & Amortizacon Expense                                           694,150                  710,670                  698,082            710,670 l-       13 Tax Expense - Propasy                                                       158,514                 174,204                  213,430            174.204 14 Tax Expensa - Other                                                           99,697                   21,577                   45,735             21,577 la Interest on Long-Term Debt                                               1,631,540               1,064.633                 1,002.235          1,064,633 16 Interest Charged to Constructon - Credit                                          0                             0                    0                 0 17 Interest Expense - Other                                                       9,785                     8,115                  10,000              8,115 18 Other Decuctons                                                             148,328                      2.089                   6,500              2,089 19 Total Cost of E!ectnc Service (11 tnru 18)                               56,790,581            57,2S8,198                  $9,519,210         07,288,198 20 Patronage Capital & Operatng Margins (1 minus 19)                         $159,182                $195,767                  ($722,912j          0195,767 31 Non Operating Margins - Interest                                            120,406                    91,793                 129,614              91,793 22 Allowance for Funds Used During construccon                                        0                             0                    0                 0 l       23 Non Operating Margins - Otner                                                  2,043                     1,741                   2,197              1,741 20 Generation & Transmission Capital Credits                                          0                             0                    0                 0 23 Other Capita: Oredits & Patronage DMdends                                          0                             0                    0                 0 26 Extraordinary items                                                                0                             0                                      0 O_

27 Patronage Caortal or Margins (20 thru 26) 52E9301 ($591,101) 52BS.301

                                                                                    $281.6] .

l PARTB, DATA ON TRANSMISSION AND UlSTRIBUTION PLANT I Year-To-Date Year-To-Oate ITEM Last Ya.ar This Year ITEM Last Year This Year (a) (b) (a) (b) 1 New Servces Connec'ed 72 43 5 Miles Transmisson 53.83 53.82 2 services Reured 9 10 6 Miles Distribudon-Overhead 5,24271 4,274.07 3 Total Servces in Place 65,833 66,467 7 Miles Distributen-Uncergound 348.89 337,19 4 Idfe Sonnces 2.377 2.336 8 Total Miles Energtzed 4.645 43 4.665.08 REA Form 7 PAGE 1 CF 2 PAGES l 02/14/92 I

                , + > " - -

i i ucaxomia m om i FINANCIAL AND STATISTICAL REPORT NH VernmaCk AEPORT PE AiCO- Jaruarv,199c ~ PART C. BALANCE SHEET ASSETS AND OTHER DESITS LIABILITIES AND OTHER CREDITS 1 Tctal Untity P' ant in 3ervice $277,304 350 2S Memcersnips 0 2 Construe:cn Work in Process 1,772.687 27 Patronage Capital 3 Total Utility Plant (1 -3) 12.273.159

                                                              $279.077.037        28 Coerating Margins - Prior Years                                  (5.968.2381 0 Accurn Provison 'cr Decrecat:on & Amort                38.275 500        29 Operating Margins - CJ, ant Year                                   195,767 9 Net Utility Piant (3-4)                             524') 801.537       30 Non Operating Margms                                                  93.534 6 Nonut!ity Procerty - Net                                4.507.893       31 Other Margins and Equities 7 trNen, in Assoc, Org - Ps:renage Cacita'                                                                                                  (11.399.8161 162,452      '2 Total Margins & E;uities (26 thru 31) 8 Irwest. in Assoc. Org. - General Funds                                                                                                    ($4.800,594j O'        *. cng-Term Ceut REA iNeu                                      57.799.239 9 invest. In Assoc. Org. - Nongeneral Funos               1,902.272              (Payments-Unapoued S                        .)                          0 10 Other Investmerts                                               300      34 Long-Term oeot - Other sNe0 11 Special Funds                                                                                                                             148.836.736 89.437             (Payments-Unappued s                        .)                          0 9 Total other Property & 1rnestments t6 Intu 11)           $6.662.354       35 Total Long-Term Debt (33+34)                                 5206.635.975 iJ Cash - General Funds                                       207,712       36 Notes Payable                                                               0 14 Cash - Construccon Funds - Trustee                           75.932      37 Accomts Payable                                                 28,125,645 15 Spec at Deposits                                           itM,120       38 Consumer Deposits 16 Temporary investments                                                                                                                           429.282 21,203,469        39 other Current & Accrued Uabilices                               68,850.016 17 Notes Receivable - Net                                             0                                                                      $97,434,943 40 Total Current & Accrued Llacilities (36 tnru 39) 18 Accomts Receivable - Net Sales of Energy                 5.567,014       41 Deferred Credits                                                  1,904,954 19 Accomts Recetvable - Net other                          19 755.552       42 Miscellaneous operanng Reserves                                             0 20 Matenal & Supplies - Elect.ac & Otner                    2,798 615       43 Total Uacilit:es & Other Credits                                            0 31 Precayments                                               1,005,17'3                                                                      $301,145.278 (32 + 35 +40 thru 42) 22 Other Current & Accrued Assets                              414.562      ESTAtATED CONTR!BUTIONS-IN- AIO-OF-CONSTRUCTION 23 Total Current & Accrued Assets (13 ttYu 22)           551,192,149            Balance Beginning of Year                                         $352,435 24 Deferred Decits                                           2,489.238           Amounts Received This Year (Net)                                    (17.6701 2G Total Assets & Other Dee:ts (5 +12+23 +241           $301.145 278            TOTAL Contncution s -in - Aid -of-Ccn structo                    $334.765 CONSUMER SALES AND REVENUE DATA TH3 MONih                '

1 YEAR-TO-OATE

No, Recy No.Minimun Avg.No. kWh Sold Amount C1. ASS OF SERVICE Service kWh Sold Amount Bills W/ Service Cumulative Cumu!ative a b c d e f a 1 Rasicantal Sales (exct. seas.) 54,742 45,105,945 4,068,331 8,612 54,742 45.105,945 4,068,331 2 Residental Sales Seasonal 0 0 0 0 0 0 0 3 trriganon Sales 0 0 0 0 0 0 0 4 Comm.& Ind.1000 kVA or less 7,232 17,233.894 1.556.574 1,259 7,232 17.233,894 1,556.574 S Comm.& Ind. - over 1000 kVA 8 7,866,992 577,221 0 8 7,866.992 577.221 6 Pubuc St.& Hignway Lgntng. 2,149 114,466 22,000 0 2.149 114,466 22,080 7 other Sales to PubHC Auth. 0 0 0 0 0 0 0 S Sales for Resale - REA Borr, 0 0 0 0 0 0 0 W Sales for Resa'r. - Others 0 0 0 0 0 0 0 10 Total Sales of Electric Energy (1 thru s) 64.131 70,321,297 $6,224,206 9.871 64,131 70,321.297 $6,224,206 ddMMY "W-17 Other Electric Revenue kpc 1,259,759 ' NMP N;4% b p7% 1,259,759 i _12 Total n o + 11) %$MM Nbt$97,"'"$b@d 57.483.965 E @ M 621' 57,483.965 kWh AND kW STATISTICS ITEM THIS MONTH ITEM THIS MONTH Year-To-Cate Year-To-Date [ a b 1 a b 1 Ret kWh Generated 0 0 6 Office use 97,552 97,552 2tWh Purchased 77,278,122 77,278,122 7 Total Unaccounted for 0 l 3 Interchange kWh - Net 0 0 (4 less 5 & 6) 6,859,273 6.859.273 4 Total kWh - Net 77.273,122 77,278,122 8 Percent System Less (7/4)x100 8.88*. 8.88% l

9 Maximun Demand (kW) 143.914 143.914 9 Total kWh - Sold 70 321.297, 70.321.297 10 Montn When Maximun Demand Occured IJANUARY REA Form 7 PAGE 2 OF 2 PAGES

                        -        _ . _ _ _ . . _ . _ _         - - _ . _ _ . _                         . _ _ _ .         __ ___ _                                    . . -  m.           .._..m STATEMENT OF OPERATIONS                             -

VARIANCE REPORT PERICO ENDING: January,1992 Y-T-D ITEM This Year Buccet ~ I VAA:ANCE ! VARIANCE % Operating Revenue & Patronage capital 7,483,965 3,796,298 (1,312,333] - 14.9% Power Production Expense 132,756 336,687 Cost of purchased Power (203,931] -60.6% 4,175,889 5,725,393 (1,549,504] -27,1 % Trans,.11ssion Expense . 9,356 25,630 (16,274] -63.5% Distribulon Expense - Operation 97,481 189,765 (92,284] -48.6% Distribution Expense - Mairtenence 138,498 172,039 (33,541] - 19.5% Consumer Accomts Expense 102,592 170,952 (68,3601 -40.0% ! Customer Service & Inforweation Expense 14,288 27,324 (13,036) -47.7% Sales Espense Adninistrative & General Expense 636,050 895,463 (259,418) -29.0% l Total Operanon & Maritenance Expense (1 rnu 10) 5,306,910 7,543,258 (2,236,348) -29.6% DepreciaDon & Amoruzadon Egense 710,670 698,082 12.58P 1.8% Tax Expense - Property 174,204 213,430 (39,2:d) - 18.4% Tax Expense - Other 21,577 45,705' -52.8% (24.1251 Interest on Long-Term Debt 1,064,633 1,002,235 62,298 62% Interest Charged to Consruccon - Credit interest Expense - otner 8,115 10,000 (1,8851 -18.9% Other Deductions 2,099 6,500 (4,411) -67.9% Total Cost of Electre Service (11 thn;1e) 7.288,198- 9.519.210 (2,231,012) - 23.4% Patronage Capital & Operating Margins (1 miras 195,767 (722,912] 918,679 127,1 % Non operattrig MarQins Irterest 31,793 129,614 ~ (37,821) -29.2% Allowance for Funds Used Dunng Constructon Non operatha Margins - other 1,741 2,197 (456) 20.8 % Generation & Trarumission Capital Credits ' Cther Capital Cradtts & Patronage DMdends , Ex'raordinary items - Patrana0e Capitalo Margins (20 thn 26) 289,301 (591,101) 880.402 148.9 %

=

NOTE: Many of the actual expenses are urter the budgeted amomts because the budget was prepared using 5 payroil weeks in January This was changed to 4 weeks to enable clostng the books H time to produce Form 7 Dy the 1Slh of the inantn, e yW J _O.., <,,-i~ , .- , , , _ . .- ,y,-- - , - - _ , - . . - - ~ , - - -

CONSUMER SALES - VARIANCE REPORT PERIOD ENDING: January,1992 k.Wh Sold Companson to Last Year kWh Sold Companson to Last Year i THIS MON 1H YEAR -TO -CATE l (Uncen-Over (Unceo-CNer ~ Ct ASS OF SERV 1C6 Actual Last Year Vartance Last Year Ac_tu_a! _ Vanance R2sidential Sales (exct seas.) 45.105.Se5 42.417.065 2.688.880 45,105.945 42.417.065 2,688.880 ComrnA Ind.1000 kvA or Ice 3 17,233 894 16,488,022 745.872 17.233.894 16.488.022 745.872 CortmA Ind. - owr 1000 kVA 7,866.992 7.438.02S 428.964 7,866 992 7,438.029 428,964 Puctic $t & Hignway Lottng. 114.466 110109 3157 114 466 110.709 3J57 Total Sales et Electic Energy : 70.321.297 66.453.824: 3 S67.473: 70,321.297 66.453.824 l 3.867.473 Vartance Pucentage : I 5S2%l t 5 82% i Dollars Sold Compenson to Last Year Dollars Sold Companson to Last Year THIS MOP (TH YEAR -TO -DATE (VacerJ-Over (Uncen-Qver CLASS OF SERVICE Actual Last Year Virtance Actual Last Year Vartance Rzsid ntial Sales (excf. seas.) $4,068,331 33.316,864 $751,467 $4,068.331 S3.316,864 $751,467 Corrm A Ind.1000 kVA or less $1,556,574 $1.255.845 $300,729 51,556,574 $1,255.845 $300,729 Corm 1A Ind. - owr 1000 kVA $577,221 $455.564 $121,657 $577.221 $455,564 $121.657 Public StA Highway Lgttng. 522.080 $21.027 $1.053 $22.080 $21.027 $1.053 Total Sales of Electic Energy : $6.224,206 $5,049400 $1,174,906 j $6.224,206 $5,049,300 $1,174.306 Vartance Pucentage : 23 77% l 23.27 % Sa' s/kWh Companson to LAst Year Sales /kWh Companson to Last Year TMS MOf(TH YEAA -TO-CATE (Uncer)-CNer (Uncen-over CLASS OF *>ERVICE Actual Last Year Variance AcNat Last Year Vartance l RIsidrntial Sales (exct seas.) 50.0902 $00782 $0.0120 $0.0902 $0.0782 $0.0120 i Corrma lnd. t ooo KVA cr iess $0.0903 $0.0762 $0.0142 $0.0903 $0.0762 $0.0142 CorrmA Ind. - over t ooo kVA $0.0734 $0.0612 $0.0121 $0.0734 $0.0612 $0.0121 Pub!!c St& Highway Lgttng. 30.1929 $0.1899 $00030 30.1929 $0.1899 $0.0030 Wegited Awrage: $0.0885 7.0.0760 50.0125 $00885 $0.0760 50.0125 Vartance Percentage : 16.49 % 16.49 % l i i t l I t l l l f i I

1 G/N/N6 N N'd'Q '/ Q Ut'!0'

          .1. Q t

Gk -p

             ? ">                $r/wr/ ment f$$h $/U!/kJ 4                  x- mas. p_m.

icc % My L t. L n m e.o TO THE MAYORS, SELECTMEN, MUNICIPAL LIGHT BOARDS AND 11ANAGERS OF MUNICIPAL LIGHTING PLANTS IN THE SEVERAL CITIES AND TOWNS IN THIS COMMONWEALTH OPERATING GAS OR ELECTRIC

IGHT TLANTS:

This form of Annual Return should be filled out and a signed original and a duplicate copy (which may be a photocopy) filed with the Department of Public Utilities 100 Cambridge Street., Boston, Mass.,02202 by March 31st of the year following the calendar year of the report in accordance with the statutes of the Ccmmonwealth of Massachusetts and the regulations of the Department made in pursuance thereof. Where the word "None" truly and completely states the fact it should be given as the answer to any particular inquiry or portion of an inquiry. If the respondent so desires, cents may be omitted 4 in the balance sheet, income statement and supporting schedules. All supporting schedules on an even-dollar . basis, however, shall agree with the even-dollar amounts in th,e main schedules. Averages and extracted figures, where cents are important, must show cents for reasons which are apparent. Special attention is called to the legislation in regard to the Returns which is provided at the end of the form. l l l l l

MUNICIPAL LIGHTING PLANTS Efje Commentucaltfj of $laggacijttsetts RETURN OF THE TOWN OF (_ _ HUDSON LIGHT AND POWER DEPARTMENT TO THE DNPARTMENT OF PUBLIC UTILITIES' OF MASSACilUSETTS For the Year Ended December 31, 1991

9 TEfjc Commonhicaltfj of 91assacI)usctts RETURN Or rin: l .OT l;

                                     ......... . .T.OWN         ..               .

i

                   . .. ...... . .    ..HU.05.Qll.. LIGHT..AND POWER. DEPARTMENT t

TO THE DEPARTMENT OF PUBLIC UTILITIES OF MASSACHUSETTS E ! For the Year Ended December 31, 1991 . Na= or osE'tswhom correspondence .hould I . . . . . H,O R S,T, Jj y,EJj M,E,R , , , , , , , , , , , , , , , be addmned regarding th' report, f 7 0 Ohb addres. . .i.9. . [. ,RE,S,T , A,yEMUE, . . . Omcial inte . . . . "^" A?.ER...................; Farm Acet. ,- -

                                                                              .. HUDSON,.MA 01749..   -

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   .                                                                                                                                                                         D(DEX

( Page l

                                                                                                                                                                            .                                                    .               .                            .              .            .              .            .             .                                  21 Appropriadoes of Surplus . .                                               .                     .              .                              .
                                                                                                                                                                                                                                 .               .              .             .              .                           .            .             .                                   6 Appropriatioes Sitet Beginalas et Year .                                                                                                                                                                                                                                         .'
                                                                                                                                                                                                                                                  .             .             .                            .             .            .             .              .                    6 Bonds .        .          .       .          .            .                   .                   .
                                                                                                                                                                                                                .                .               .              .             .              .             .             .             .             .             .                   14 Cash Balnaeus             .       .          .            .                   .
                                                                                                                                                                                                                                                                                                                                                     .                         .         5

( Changes la the Property . . . . . . .

                                                                                                                                                                                                                                                                 .                            .                           .             .                                         64-65 Cornbustles Engine and Other Generstlag Sts:fons                                                                                                  .              .                   .               .                                 .
                                                                                                                                                                                                                                                                                                            .             .             .                            -            10-11 Comparative Balaam Ehat                                   .                    .                   .              .              .                .               .
                                                                                                                                                                                                                                                   .                           .               ,             ,             .             .             .             .          .       10 Conduit. Underground Cable and Subcaarine Cable                                                                                                   .               .                  .               .                 .
                                                                                                                                                                                                                                                                                                             .             .             .                                             5-v Cost of Plant              .        .         .            .                                        .
                                                                                                                                                                                                                                                                  .              .             .             .             .             .             .                                  4 Custamm is each City or Town                                                     .                  .              .              .                .               .                  .               .                 .
                                                                                                                                                                                                                                                                                                .                           .             .            .                                14 Deprasation Fund Aesount                                  .                     .                  .              .              .
                                                                                                                                                                                                                                                                                                                            .                                                           12 Earned Surplus             .        .         .            .                     .                  .              .              .                .                 .                .
                                                                                                                                                                                                                                                                                                                            .             .                                             63 Doctrie Distribution $srdeen. Meters and Llae Trsanfortners                                                                                                                                                                                            .             .              .             .                           .             .                               57 Doctric Energy Aesounts .                                  .                      .                 .              .              .                .                                  .
                                                                                                                                                                                                                                                                                                 .                           .             .                                             22 Doctric Energy Purchased                                    .                     .                  .              .                                                 .
                                                                                                                                                                                                                                                                                                                             .             .                                             37 Deetric Opersting Recesues .                                                                                                       .                .                  .
                                                                                                                                                                                                                                      .                .             .              .             .                           .                                                     39-42 Doctric Operation mad Malatsnaase Expenses                                                                                         .                 .

3 General lsformados . . . .

                                                                                                                                                                                                                                                                                                                                            .                                       58-59 Generating Statica Statistlee                                .                     .                  .              .             .                 .
                                                                                                                                                                                                                                                                     .              .              .                          .             .                                            66 Genersting Station Statist.a (Sau115tations)                                                                                        .                .                 .
                                                                                                                                                                                                                                                                      .              .             .             .                           .                                      62-63 Mydroenntric Generating Stadcas - .                                                                   .                              .                .

51

              !acorne from Marchaseddag. Jobling and Centract Work                                                                                                                                    .               .
                                                                                                                                                                                                                                                                                                   .                                                       .             .          12-13 laeone Statement                      .         .             .                      .
                                                                                                                                                                                                                                                                                                                  .             .            .                                            14 Materials and Supplies                         .               .                     .                .              .              .                .
                                                                                                                                                                                                                                                                                                    .                                         .                                           21 Miscellaneous Credits to Surplus                                                     .                .              .               .               .                                   .
                                                                                                                                                                                                                                                                       .              .                           .             .             .                                           21 Miscellamoous Debits to Surplus                                                      .                .              .              .                .                 .
                                                                                                                                                                                                                                                                                       .                                                                    .                             21 ML:eellaneous Nosopesting lacone                                                                      .              .               .                .                 .                .
                                                                                                                                                                                                                                                                                       .             .                           .                                                         57 Moethly Peaks and Output                                       .                      .                .              .              .                .
                                                                                                                                                                                                                                                                                                                                                                           .               22 Municipal Revenues .                            .               .                      .               .              .              .

21 t F Other Income Deductions . . . . 50 Other Utility Operating laconne . . . . . . 69 Overhead Distribution 14aes Operstad . . . . .

                                                                                                                                                                                                                                                                                                                                  .             .                                           18 Production Fual and Oil Stocks                                                           .              .              .               .

79 Rate 5chedule laformation . . . . . 38 Sales of Doctricity to Ultimate Consu:ners . . . . . . 22 Sahe for Ransk - Dutrie . . . . 4 Schedale of Estimates . . . . . .

                                                                                                                                                                                                                                                                                                                                                 .                                     60-41 Steam Genersting Stations                                          .                      .             .                                               .                                                   .
                                                                                                                                                                                                                                                                                                        .             .                           .            .                            71    _

Street Lamps . . . . . . . . . 68 Bubetstions . . . . . . . .

                                                                                                                                                                                                                                                                            .                                          .            .                           .            .    .          49 Ta. es Charged During Year                                          .                     .              .              .               .                .                 .

7 Town Notes . . . . . ET Transmission Line Statistics .

                                                                                                                                                                                                                                                                                           .                       ..               .                                                   15-17 Utility Plant - Doctrie                            .                .                      .              .                              .               .                  .                .                .

FOR GAS PLANTS ONLYs . 75 Bauers . . . . . . . . . 78 Cas Distribution Serdens and House Governors and Meters 74

                   - Gas Generating Plant .                                            .                     .              .             .                .               .                  .                .                .

43 Gas Openthog Revenues . . . . . .

                                                                                                                                                                                                                                                                                             .            .              .            .              .                                   45-47 Gas Operation and Maintanance Espenses .                                                                                                                                 .               .

76 I-Holders . . . . . . . . . 48 Purch=d Gas . . . . . . . . . . 76 Puri$ers . . . . . . . . . . 72-73 Record of Sendeut for the Year la MCF . . 48 Sales for Renale . . . . . . . . 44 Sake of Gea to Ultimate Consumers

                                                                                                                                                                                                                                                                                                                                                                                    .          48 Sales of Residuals                             .                    .                   .              .                               .               .                  .               .                 .               .

75 Scrubbers. Condenem and Eskausters . . .

                                                                                                                                                                                                                                                                                                                                                                                     .         77 Transmission and Distribution Mams                                                                                     .

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                        ...-................v.                                                           . . s s.,

u an n a a s n u asn e e s a na n.w1 ULU l SecTaos 56. The hinycr of a city, or the selntmen or municipal light heard, if any, of a town acqur:cg a ts: cr electn: plan t i ' shall appoint a manager of municipal lightieg who skall, under the d,tecuon and contio1 cf the ma yor, selectmen of macipal Lgt: , board, if any, and subject to this chapter, have full charge of the operation and rnanagement of the pbnt, the ena r. .f ac t u r e and distnbution of gas or electricity, the purcl.aae of supp.acs, the employment ci agents and servants, the method, tme, price. q. ant.ty and quahty of the supply, the coliseuen of bills, anet the keeping of accounta, llis coo pensation and term of oS:e shall be f. sed in cities by the city council and in towns by the atlectroen or mutunpallipt heard,if any; and, before entennt upon tee perforyance cf his c.Scial duties, he shall give bond to the city or town for the fadful performance thereor in a surn and form and with suret ee to the satisf action of the mayor, selecto:en or saunicipal light board, if any, and shall, at the end of aach municipal year, rende to them such detailed stat 4 ment of his doings and cf the business and f,nancial matters in his charge as the department may pre teribe. All moneys psymble to or received by the city, town, man,iger or municipal light board in connettaen wat'a the operat::n el the plant, for the sale of gas or electricity or otherwse, shall t< paid to the city or town treasurer. AM accounta rendered to et kept b the gas or electric plant of any city shall be subject to the inspecticn cf the city auditor or oScer hat'ing sim lar duces. and in tevna they shall be subject to the inspection of the selectmen. The seditor or c5cer hav'ing sinaler dat es, or Ge selectman, may requin ariy person presentinc for settJenient an secount or claim agmnst such plant to make oath before him er them,in suet stra as he or they may presenbe, as to the accuracy of such acccunt or claim. The wilful rc.aking of a f also c4th shM1 be p.r st-r.ble as parjury. The eudator or oscar having similar ducen in cities, and the selectmen in towns, shau approve the payment of au biHa or pay rtus of such plants before they are paid by the treasurer, and nity d.aallow and refuse to approve for psyntet, in whole or in part, any els:m as fradalent, unlawful c.r execes ve; and in that cut the auditor or eccer having dutata, or the select-men, shall Ble w th the city or town treasurce a wntten statement of the *vunna fer ths refussi; aad the snuurer stau net pay eny claim er bill so disallowed. This sution shau not aLndre the powers conferred on toni ac c ountants by sectiou f.f t y f. v e to airty one, inclusive, of chapter forty.cne. The manager shaU at any time, when required by the n.syor, selectmen, ma capal Lght board if amy, or department, make a statement ta such cmeets of his doings, business, rweipts, disbursement., balances, and af the indebtednus of the town in his department. SnmoM $7. At the beginning of each f, seal year, the manager of municipal lighting shall furnish to the mayor, selectmen er municipal light board,if any, an estintate of the ioceme from sales of gu and electneity to pnvase consumers dunns the er.s cr f aca! year, and of the espcase of the plant dunng said year, insaning the grces expenses of operation, maint4 nance and repur, the recincon equal to thru interest per cent of onthethe cost borda, of the notes plant esclusive or certiacates of indet>tedatsa of land and any water powerissued to pay appurtenant for the thereto, plant, or euch an smount for depler or larger amount cma. the department enay approve, the requirementa of the smking fund or debt incurred for the plant, and the loss,if any, ta the opers-con of the plant during the preceding year, and of the costs, as denned in section 54, of the gas and electncity to be used cr the town. The town shau snelude in its annual appropnations and in the tax levy not less than the esumated cest of the tu and electricity to ba used by the town u above def4ned and estimated. By cost of the plant is intended the tetaJ amount arpended on the plant to the beginning of the Ascal year for the purpose of estabhshing, purchuang, extening or enlarging the same. By loss in operation is intended the 6fference between the actual inceme from pnvate censumers plus the appropnauona for enainte-nasce for the precedir.g Secal year and the actual erpense of the plant, reckoned u above, for that year in case such sapatsas esended the amount of such income and appropnatisu. The incocce from sales and the money appropriated as aformaad shad be used to pay the annual expense of the plant, denned as above, for the Sscal year, except that ne put of the sum thersin included for depreciation shnu be used for any other purpose than renewals in ancess of ord2r.ary repairs, utansions reconstruction, anlarge-mr.nu and add 2tions. The surplus if any, of said annuel allowances for depreciation af ter making the above partments shan be kept as a separate fond and used for renewals other than ordinary repairs, extensions, reconstructact.s. er.largementa and add.cona in stecuding years; and no debt shan be incurred under section forty for any estension, recoutrucdon or enlargemaats of the plast la excess of the amount needed therefor in addition to the amount then on hand in said depreciatico fund. Saad depraiatten fend shall be kept and manayed by the town treasurer as a separate fund, subject to appropnation by the city council or select =en on municipal Light board, if any, for the foregoing purpose. So much cf said fund u the depanmant may from uma to time apprors maY clao be used to pay noter, bonds or certincates of indebtedness issued to pay for the cost of reconstraction er renewals in escasa of crcnary repairs, when such notes, bonds or eertincates of indebtedness become due. AU appropnations for the plant shall be either for the annun! expense de$ned as above, er for extensions, reconstruction, enlargements or aditions; asd no .pprornaton shall be used for any purpose other than that stated in the vote making the same. No bonds, notu or eartdcatas of imdattednaas shan be Lassed by a town for the annual upasses u def.ned in this sectaen. StennN E3. A town manufacturing or selling gas or slutricity for lighting shall keep ncords of its work and doings at its manufacturing stanon, and in respect to its distnbuting plant, as may be requtred by the department. It shall instan asd main. tain apparatus, sacafactory to the department, for the measurenent and recording of the output of gu and alectneaty, and shall een the same by meter to private consumers when required by the department, and, if required by it, shau measure all gu or alet-tricity consi.med by the town. The books, secounts and returna shall be made and kept in a form presenbed by the department, and the accounts shan be closed annuaDy on the lut day of the 6 scal year of such town, and a balance shut of that date shau be taken therefrom and included in the return to the department. ne mayor, selutmen or anunicipal light board and managar shtU, at any time, on request submit said bcoks and accounts to the inspection of the department and furnish amy statement or information required by it relative to the condition, management and operstion of said busican. The department shall, in its annual nport, desenbe the operation of the several municipal plants with such detail as may be necustry to 6aclose the Anancial

endi;Jon and results of each plant; and shall state what towns, if any, operating a plant have failed to comply mth this chapter, and what towns if any, are seuin as or electricity with the approval of the department at leu than cost. The mayor, or seintmen.

3r municipal light board, if any, e annuaDy, on or befort auch data as the department Szes, make a return to the department, for the preceding ascal year, signed and sworn to by the mayor, or k? a majority of the selectmen or municipal light board, if any, and by the manager, statang the Snancial condition of said business, the amount of authorised and eristing indebtednus, a statement sf income and expenses in auch detail as the department may require, and a lis. of its salaried c5cers and the salary paid to each. l'ho mayor, the selutmen or the municipal light board may dirtet any additional returns to be made at such tame and in such detail as he or they may order. Any oScer of a town manufacturing or seuing gas or electricity for lirbting who, being required by th!a sectjen to make an annual return to the department neglects to make such annual return shall, for the Erst Utan Lars or portaon thereof during whid anch neglect continues, for"eit Ave dollars a day; for the second Mteen days or say portaor. thereof, ten dollars a day; and for eA W thenafter not more tha. Afteen dollars a day. Any such eSeer who unreasonably refeats er negluta to make such returw shD, n. addition thereto, forfeit not more than ave hund. red dollars. If a nturn is defutive or appears to be erroneous, the depr* aent shan notify the oSeer to amend it within Mteen days. Any such oScer who neglecta to amend said return ethin the tme specaned, when notaned to do so, shall forfeit Mteen dollars for each day during which such neglet continues. All forfeitures incurred under this swtion may be recovered by an information in equity brought in the supreme ju0cial ecurt by the etterner geners!, at the relation of the department, and when to recovered shall be paid to the commonwealth. SzenoM 89. The supreme judietal court for the county where the town is situated shall have jurisdiction on petit:en of the hpartment or of twenty taxable inhabitants of the town to compel the 8 sing of prices by the town in compliance with sections operating or selling a gss or electric plant la violanon of any ilty sevenofand provision Mty-eight, this chapter /andto preventtoany generally town enforte from purchuing,h compliance mt the terms and provisions thereof relatae, u.ato the c .af ac tsn at distributien of gas or elutnesty by a town. _ . . __________________a___-__-______-___-_

3 GENERAL INFORMATION.

1. Name of town (or city) making this report. Hudson, Ma 01749, !(

i

2. If the tows (or city) has acquired a plant.

Kind of plant, whether gas or electric. E1ectric Osmer from whom purchased. if so acquired. Hudson E1ectric Co. 7/11/18/91 Date of votes to acquire a plant in accordance with the provisions of chapter 164 of the General La*T9 /11/18 91 Record of votes: Fint vcte: Yes. 30 ; No, 7 Second vote: Yes. 69 No.11 Date when town (or city) begar to nell gas and electricity. l January 15, 1897

3. Name and address of manager of municipallighting:

Herst Huehmer 23 Plant Avenue Hudson, Ma 01749 4.Sandra Name andS. address Raponi,of mayor 26 orMicsele:tmen: higan Drive , Hudson, Ma Joseph J. Durant, 22 Harriman Rd. Hudson, Ma Robert M. Steere, 3 Santos Drive Hudson, Ma Rosemary Marini, 42 Church St. Hudson, Ma Richard G. Beauregard, 40 Green St. Hudson, Ma

5. Name and address of town (or city) treasurer: . .

David J. O'Ne.1

49 Temi Road Hudson, Ma 01749

6. Name and address of town (or city) clerk:

Ralph Warner 3 Lincoln Street Hudson, Ma 01749 T. Names and addresses of members of municipallight board Roland Plante, 136 Murphy St. Hudson, Ma Peter Keane, 15 John Robinson Rd. Hudson, Ma Weedon Parris, 9 Champlian Dr. Hudson, Ma 1

6. Total valuation of estates in win (or city) according to last State valua: ion s 1,107,971,000

v. Tax rate for all purposes during the year: $ 10.75 Res.

18.69-Com.

10. Amount of manager's salary: S 84,356.00 1

11. Amount of manager's bond: 3 1,OCO.00 11 Amount of salary paid to members of municipallight board (eachi: S 600.00

.T!

4 annoi,etort et.. ...TOWL Of. JiUD502. LIGHT. . AND .POWE.R .. DEPARTMENT. .veu ensea co emte 3. :s91 i FURNisli SCllEDULE OF ESTI\l ATES REQUIRED BY GENERAL. LAM CilAPTER 164 SECTION 57 FOR (.\s AND ELECTRIC LIGitT PLAN'iS FOR Tile FISCAL YEAR. ENDING DECEh!Bs." 31. NEXT. Amount INCOME FROM Pkit ATE CON 50tERS: 1 From sales of ga*

            ;:         From sales of eketrieny                                                                                                                                                                                    30',696,530.00 3

Tovat $ 30,696,580.00 4 5 EXPEssL&; 6 For eperation. maintenance and repairs l 31,012,000.00 For interest on bonds. notes or scrip

                                                                                                                                                                                                                                                  .00 8         For depreciation fund ( 3                                                                              per cent. < n s 17,382,180.49 as per pac: O                                                              521,465.41

For sinking fund requirements ;

15,650.00 10 For note payments [ .00 11 For bond payments l' 00 _ 12 For loss in precedirig > ear .00 , I' ! totat 31,549,115.41 14 15 Cosi; 16 Of gas to be used for municipal buildings. t .00 17 Of gas to be used for street lichts I. .00 18 Of electricity to be used fer municipal building' 798,530.00 19 Of electricity to be used for vreet light' i 141,000.00 00 Total of the above items to be included in the tax levy. I 939,500.00 01 New constrt.; tion to 6.e included in the tax levy .00 02 Total amounts to be iriciuied in the tax levy 939,500.00 23 , CUSTONIEis 1s Names of the cities or towns in which the piant supplies Names of the cities or towns in which the pl.m: c ; p.i. . GAS with the number of custo:ners' meten in each ELECTRICITY. with the number of custemtri n.. i r, in each city or To n l ""7.Yes'.NEY" city or To-a ""7eIifs' N"M"' b Hudson ! 7,457 2,246 l Stow Berlin, Bolton, Boxboro i Harvard, Maynard, Marlboro 109 I i 9, *

                                                        \
                                                         \

0 1 TOTAL TCTAL j 9.812 31

1 0

                                          ' KEN OF HUDSON LIGHT A?O FCWER DEPARDENT
                                       , . . . . .    . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   . . . . . . , , y.., . .. o,c . , 3 3, , ,91
             .,ano., e e po<t of. ,                                                                                                                                                                                                 ,,
                                                    *               %PPROPRIATIONS SINCE Br.CINNING OF YEAR

_. gIncidde abo allitems charged direct to tax levy, even where no appropriation is made or required.)

./,

FOR CONSTRUCTION OR Ft'RCH ASE OF FIANT:

                     *At                                            rneeting                                                       19            . to be paid fro ~i t                                       3
                     *At                                            rnecting                                                       19            . to be paid from t                                                         - - - -

TOTAL $- mpy __

         .       FOR THE ESTIMATED COST OF THE CAS OR ELECTRICP Y TO SE WED BY THE CITY 04 TOWN FOR:

1. Strees lights. . .. 3 143,000.00

. M unicipal buildings . .bWM. . . . . . ..M.1[ic. . . . . . . . . . . . . lyd@ 1n.oyera . . . . . . . . . .![ ,. .apprgpriat1pns,

s. for each Department TOTAL 3 143.000.QO ,

                          ' n... .,         . ..a *, %w .. . t                                                  ,nm -i w.a                                               Sy.

CHANCES IN THE PROPERTY ! 1. Describe briefiv all the important physical changes in the property during the last fiscal period including additions, alterations or improvements to the works or physical property retired. In electric property: tDtE (. l i l o t In gas property: l ! NOT APPLICABLE l-O I . l 1 .

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_ 3 .. . . y. - . te. -h .

                                                                                                               .. BONDS               ,

- (Issuei en Account et Gas or Electrie Ushting.)

Ported of Peyments I to,eet 1, ha Autherli&d* '- C,tgenet geeweeg ' et End of V , '

                                         . . O.te of leeve -

Ame. rte . Atuareyebse, mete when r.: bse g ' Apr.7,,3913. Spec.Junel,1913 $ 9,000.00 ! Har. 4, 1918 Reg.Apr.'1, 1918 50,000.00 i,, . Juna~14, 1920 Spec. Fe b. 1,1921 '25,030.00 j. Har. 5, 1928J Reg.Nov . ;-1,1928 40 ,t:00. 00 . - 6 . 29, 1954 Spec. Mar. 1, 1955 250,000.00 !S tr. 7,-1955~ Reg.May 1,1955 - 100.000.00 ! := l 4ar. 7, 1955 Reg. Nov. 1, .1955 . 150,300.00 jE . June 8, 1959 Spec.Aug.'1, 1959 300,000.00 i'$ tov. 7, 1961' Spec. July 15,1962 450,000.00 i*

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I-l 1 , c g. F1,374,000.00 b i The bonds and notes outstanding at end of year should agree with the Balance Sheet. When bonde and notes are repaid report the nest three columns only. k w g *p.e..! si.e..d .wiw, .i.,. .r e.t tta.i eris.us 4- .e b..d. -4 i .46 sh iki 6.. b t. e

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                                                                                                                                                                                                                                                  =. c, n

g o. TOWN NOTES (Issued on Account of Gas or Electric Lighting.) f .

                                                                                                                                                                                                                                                         ._ 4 j '. g r                                        .      .u                                                                                      2 4 . r. r ..
                                                                                  .       -                 ---;                              -           ~ . _                                  A                         a. Outst.nme.       1
                  .    , , , .                  o........-           o,..   .......,           e..                    .s.n c.      ..    ....    .......,...                                                                                   .

g DEC.18,1896.fpOC. da 1. 1,1E07 $ 16,000.00 jg are 20,1897.5per.- 1:1. 1, 1898 17,000.00 j

  . are 10,1898.ftre.

ally 1,1898 5,000.00 . j.gn tut. 5,1903 Ettc - Itv. 2, 1903. 13,000.00

Wr'. 7,19041h3 Jui. 1, 1905. 5,000.00-ppr'. 2, 1912 Ettc. Miy 1, 1912 2,000.00 ! Ag. 4,1941 p. 0 1 . 15, 1941. 100,000.00 j" Sept.14,19*.2 fixr Q 1. 15, 1942 100,000.00 IC, Rb. 8,1943 fpnc. Rb.15,1943 50,000,00 i: Mr. 6,1950 Ib3R 4 15, 1950 241,000.00 i .. ik

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                                                                                                                                                                                                                                              !$              r in t
                                 .                                                                                                                                                                                                            .               +

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                                                          < rern   $ 551,000.00'                                                                             **                                                                          '

The han.IS and notes m,tstanding at end of year shoidd agree with the Dalance Sheet. %cn hatwls and notes are repald report the first three entumns ein1. 3 ;

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                                                                                 .00                .00                     . @.                  .00                           .00 S     SR4mme end Emma Hit t de..........
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3,586.53 .00 .00 .00 .00 3,586.53 pl 3 30t gOssesse nad lagsovainsnes.... , 399,401.27 '. 00 .00 .

                                                                                                                                                  .00                          .00              399,401.27 g 4    3st masten agslpaset.............                                                                                                         .00                          .00                         .00 P
                                                                                  .00               .00                     .00 S    SEB Stessee Bestsey Semigement......

704,617.61 14,928.15 .00 .00 .00 719,545.76 h

    ,    ggg g % ,,g pg,,,,,,,,,,,,                                                                                                               .00                           .00                             4 2,052,504.91                  89,562.59                       .00                                                              2,142,067.50
    ,    g,g w m ,,, %                                                                                                                             .00                          .00           ,264,133.21 264',089.66                      43.55                     .00 3    See U ndssp oome Osmoset............                                                                                                                                   .00             639,408.27 601 975.80
                                                                        ,                   37,432'.47                      .06                    .00                                                             3 9    Ser UsenessendCamduJesseDreisee                      1,819 ,794.85                                                 .00                    .00                          .00          1,854,484.96       r.'

34,',w.11 C3 sagtAus teemmesunse.............. asp 3 sevens....................... 473.y37,93 ( 2:.86) .00 .00 .00 474,376._05 l' 38 623',286'.09 6,5o2.73 4,341.78 .00 .00 625',527.04 8 E3 pay as.: ........................ '

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337,974'.28 3,135.49 .00 .00 .c s 341,109.77 .D es eg Ma steestIApehag end stenst ernesius TutsI Disesebasten Femme. . .. .... 7,282,348.91 185,633.23 4,341.78 .00 00" i ,4 63,640. Jb ) 48 s. OEDISPAI.FRAlf? 8

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a se land and Imme Rights.......... .00 .00 .00 .00 .00 .00 l 33 ses sesusensas sme lmissessements. . . . 473,049.65 141.46 ~. 0 0 '. 00 '. 00 473,191'.11 .P. se set one msndeuse and Besapasses.. 441',808.23 11,475.24 .00 .00 .00 453,283.47 N SI Suf TW 54sIpannt...... 513,104'.70 ~. 00 '00

                                                                                                                            .                     '. 00                        '. 00            513,104.70 2r      see senses 5spdesuset.. . . ........ ..                  12,045.77                        '. 00                  .00                   '. 00                           00              12',045'.77   y 33      see Teste,Shapend Ossage gestysment                      16,224.04                        .00                    .0d                    .00                          .00               161224.04 se      ses gatessessy Basepuses..........                       20',609'.03                     '. 00                   .C0                   '. 00                        '. 00             20',609.03     :

3s ese pwmer epoesand Bustponed...... 3,497.50 .03 00 .00 .00 3,497.53 i se set - Equipuset...... 46,653.52 .00 .00 .00 (l,454.76) 4 5', l a6. 76 i j ff spe t00ssutensees tiquipumas........ 12,9

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1,539,966.85 13,089.08 .00 00 (1,454.76) 1.551,601 17 I g 17,172,903.26 279,510.60 4,341 78 .00 (1.454.76) Total Cast d D,etric Float. . . . . . . . . .. .. . . .. 17,446,617.32 I7,446,617.12 j 2 taas Osit of land, Lead stigtes, siteten et 1rer. . . . . . 64,436.83

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17,382,180.49 i 34 r

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  - Aa, .. ,soort of. .  .EN. OF HUDSON LIGHT AND - PCWER DEPAR'IM2.'T                     .                 . vw . noes o.c -o. 2. a COMPARATIVE BALANCE SilEET Assets and Other Deblu 8 1.nc.

Beginning of Bala nce ince.ase 6n. *^***a' v.., ena of v.., o,(o.cr...., No. (a) (b) (c) (d) 1 UTILITY PLANT 2 101 Utility Plant - Electric (P.17) . 6,693,241.98 6,431,997.92 (261,244.06) 3' 101 Utility Plant - Gas (P. 201. .

                                                                                      .00                     .00                                 .00 4     120 tJuclear Fuel                                            109,640.61               90,753.20                   ( 18,887.41)
     -5              Tot ? Utility Pirat.                            g,gny,ggy,r9        i   6.522.751.12                  ,___Q8_0l[3E4])

8 01EER PROPERTY & ItNES'INENIS 7 123 Invest. In Assoc. Cctrpanies .00 146,418.33 146,418.33 s 124 Other Investments .00 .00 .00 9 Total Other Prcperty & Invest. .00 146,418.33 146,418.33 to 11 FUND ACCOUNTS 12 125 Sinking runds. .00 00 .00 13 123 Depreciation Fund (P.14). 2,64i,749.04 2,648,270.83 6,521.79 14 128 Other Special Funds. , 807,924.94 719,720.M (88,203.98> 1 CUR N A D ACCRUED ASSETS 175,995.70 1,057,173.28 881,177.58 17 131 Cash (P.14). 18 ,132 Special Deposits. . 269,064.65 319,845.04 50,780.39 19 ' 135 Working Funds. . 500.00 500.00 .00 20 -171 Diyident and Div,.Sec. 42,498.92 42,632.04 133.12 21 142 Customer Accounts Receivable. 2,978,459.65 3,023,303.48 i 44,843.83 73,253.64 200,932.78 127,679.14 22 .143 Other Accounts Receivable. 2,286.36 2,286.36 .00 23 'l 146 Receivables 24 151 Matettah and Supplies (P.14). from Municipality. 730,460.80 610,567.42 (119,893.38 ) 173 Accrued Utility Revenues .00 .00 00 25 l' 3G 165 Prepayments. . 501,542.18 549,531.72 47,989.54 174 Miscellaneous Current Asyu. .00 .00 .00 27 2S Total Current and Acerued Assets.. 3_.77d AM_on s . A06,122_d2.~~ __L R L 710.22 23 i DEFERRED DEBITS

                                                                                       .00                      .00     .
                                                                                                                                                     .00 30    181 Unamortized Debt Discount.               .

si 183 Preliminary survey Charge. .00 .00 I .00 32 185 Other Deferred Debits. 73,338.76 368,668.72 l 295,329.96

                                                                                                                                     - - ~

368,668.72 l 33 Total Deterred Debits. . 73,338.76 195 32E96 34 ; j si i Total Assets and Ot'.er Debits- 15,099,957.237 1 h212,602.0 D 1,112,644.B5 i L l-L i e I l= M

11 annose noo,t.t....N.W.kiWSQti.MOKr..NQ. WEB ,QEPh8RWT , , , .Yw .no,a oec..w n, a91 COMPARATIVE BALANCE SHEET Liabilitin and Other Credits estence m , ,, ,, n, sesinnins ef Baisnca ince ee se Uhe Year End of Year or (Decrease) No. (a) (b) (c) (d) 1 APPROPRIATIONS _ e 2 201 Appropriations for Construction. ,gg ,gg ,gg 3 SURPLUS 4 205 Sinking Fund Reserves .00 .00 00 5 206 leans Repayment. 1,925,000.00 1,925,000.00 .00 6 207 Appropriations for Construction Repayments 20,093.39 20,093.39 00 7 208 Unsppropriated Earned Surplus (P.12), 10,391,513.07 12,327,587 10 1,936,074.03 8 Tota! Surplus _12.336.606.46 14.272.680.49 1.936.074.03 9 LONG TERif DEBT 10 221 Bonds (P. 6). .00 .00 00 11 231 Notes P4yable (P. 70 00 .00 .00 12 Total Bonds and Notes. 00 .00 .00 13 CURRENT AND ACCRUED LIABILITIES 14 232 Accounta Payable. 606,036.72 542,338.21 (63,J98.51) 15 234 Payables to Municipality. .00 .00 .00 16 235 Customers' Depomts. . . . . . . . . . . . . 269,064.65 319,845.04 50,780.39 17 241 Tax Collections. Payable 21,098.75 21,632.14 53?.39 18 237 Interest Accrued. . .00 .00 .00 19 242 Miscellaneous Current and Accrued Liabilities 32,168.48 10,584.97 (21,583.51) 20 Total Current and Accrued Liabilities. 928,366.60- 894,400.36 (33,968.24) 21 DEFEPM.:D CREDITS . 251 Unamortized Premium on Debt. .00 .00 .00 ( 22 . 23,850.00 15,650.00 ( 8,200.00 23 252 Customer Advances for Construction. 24 253 Other Deferred Credits. 701,032.85 15,817.50 (685,215.35) 25 Tetal Deferred credita 724,882.85 31,467.50 ( 693,415.35T 26 RESERVES 27 260 Reservas for Uncollectible Accounts. .00 .00 .00 23 261 Property Insurance Reserve. .00 00 .00 29 262 Injuries and Damages Reserves. . 700,000.00 605,394.41 ( 94,605.59) 30 263 Pensions and Bene 6ts Reserves. .00 .00 .00 31 265 Miscellaneous Operating Reserves. .00 .00 _

                                                                                                                                                         .00 32             Total Reserves.                .                            700,000.00                 605,394.41           ( 94,605.59)

I 33 CONTRIBUTIONS IN AID OF CONSTRUCTION 34 271 Contributions in Aid of Construction. 410,099.32 408,659.32 ( l,440.00) 35 Total Lisbilities and Other credits. . 15,099,957.23 16.212,602.08 1,112,644.85 State below if any earnings of the municipal lighting plant have been used fe,r any purpe e other than discharging indebted. ness of the plant, the purpose for which used and the amount thereof. I i M

I' 12 anaa report c.v.... TOWN. 0F...HUDSQLL IG H.T...AND.. POKER..DEPARTMEN T.. . veer enaea oece,,ee, ai, n 9.1 1 STATEMENT OF INCOME FOR THE YEAR

                                                                                                                                                                 .                Tc*al increase (D oct e a t e)roen,et Account Une r                                                                                                                                  Current vest                       proces.cg ye ,

No. , (a) (b) (c) 1 OPERATING INCOME

400 Operating Revenues (P. 37 and 431 $ 30,211,733.81 540,820.43 3 Operating Expenus:

4 , 401 Operation Expenn (P. 42 and 47) . 29,259,882.65 ( 97,981.17) 5 I 402 Maintenance Expenn (P. 42 and 47). , S43,996.37 5,555.48 C' 403 Depreciation Expense. .00 ( 420,798.01) 7 407 Amortization of Property Losses . 00 .00 8 9 , 4'j8 Taxes (P. 49). 29,738.67 21,407.00 - 10 l Total Operating Expenses. 29,833,617.89 ( 491757aTTOT~ 11 ~ Operating Income . . 378,115.92 1,032,5777D ~~ 12 4M Other Utility Operating Income (P. 50), .00 60' " 13 14 Total Operating Income. . 378,115.92 1,032,577TT3-~~ 15 t OTHER INCOME 16 ' 415 Ineorne from Merchaudising Jobbing and Contract Work (P. 51) .00 .00 17 419 Interest income. . 255,055.50 ( 35,138.22) is 421 Miscellaneous Nonoperating Income 219,441.78 239,338.38 19 Total Other Income. 494,497.28 TEC70D3- ~ 20 Total Income.- . . 872,613.20 1,23 6 777729--~~~ 21 : MISCELLANEOUS INCOME DEDUCTIONS 22 ' 425 Miscellaneous Amortizaton. .00 .00 23 ! 426 4 m.er lacome Deductiors. 547.38 ~ 412.16 24 Total Income Dedu:tions. 547.38 ' TT2 TB-~ 23 i Income Before Interest Charges. . 872,065.82 IF,2TC365~IT-26 ' INTEREST CHARGES !

                                                                                                                                                                              .00                                     .00 27 28 428                 { 427          Interest Amortization                  on Oiscount of Debt Bonds and   andExpense.

Motes. .00 .00 - 29 429 Amortization of Premium on Debt -Credit. . .

                                                                                                                                                                              .00                                       uJ 30                       431 Other Interest Expense.                 . . ..                                                          94.11                                65.22 31                       432 Interest Charged to Construction - Credit.                          .
                                                                                                                                                                               .00-                                    .00 32                                    Total Interest Charges.                       .               .                                94.11                          --657f2~"

13 ' NET INCOME. 871,971.71 1,2367299791^~ EARNED SURPLUS une Deb.ts Creo ts No. (a) (b) (c3 208 Lnt propriated Earned Surplus (at beginning of period). $ 10,391,513.07 - 35 36 37 433 Ba:ance Transferred from Igeome. . . . 871,971.71 33 434 Mixebsneous Credits to Surplus (F. 21). . 1,264,123.83 39 433 Miscellaneous Debits to Surplus (P. 21). , . .

21. %

, ;                                         40                      f 36 Appropriations of Surplus (P. 21). .                                                   200,000.00 41                      437 SurrN Applied to Depreciation.                      .

42 20s Unapprop;iated Earned Surplus (at end of period). , 12,327,587.10 4 Totals $12,527,'608.61 $ 12,527,60i.~6-~ M

14 Anne ,um ev... .TQWN..Of...HUDS.ON..L.IG.HT.EJD...P.Oh'ER..DE P ARTMENT... .vs , enoso o.comoe 31.19) 1 CASil BALANCES AT LND OF YEAR (Account 111)

. ins                                                      it ems                                                                  amouni

e. (s) (D) 1 Operation Fund. *$1,057,173.28 2' Interest Fund. .

                                                                                                                                            .00 3  Bond Fund.                                                                                                                            .00 I

4 Construction Fund. . L128 ) . .

                                                                                                                                             .00 5   Miscellaneous Cash (128)                                                                                                 43,781.87
 -6    Insurance Escrow Reserve (128)                                                                                         673,266.67 7   Insurance Escrow-Project #6 (128)                                                                                          1,518.01 8   Insurance Escrow-Pilgrim (128)                                                                                             1,154.41 9

10 11 12 votat e3_77g oqa.,a MATERIAL.S AND SUPPLIES (Accounts 151 159. 163) Summary Per Balance Sheet Amount End of Year

                                        ****""                                                              Doctric                    Ces Un)

No. (a) (b) (c) 13 Fuel (Account 151)(See Schedule, Page 25). .

                                                                                              $ 315,905.73 14  Fuel Stock Espenses (Account 152). .        .                       .

15 Residuals (Account 153). .... .

 *6   Plant Materials and Operating Supplies (Account 154).                                             294,661.69           Not Applicable 1 Merchandise ( Account 155).      ...          . .            .        .              .

18 Other Materials and Supplies (Account 156). .

1S Nuchar Fuel Asaemblies and Components -In P.eactor ( Account 157). 20 Nuclear Fuel Assemblies and Components - Etock Account ( Account 158) 21 Nuclear Byproduct Materials ( Account 159). . 22 Stores Expense ( Account 163). . . . . 23 "otal Per Balance Sheet 3. . 610,56i.42 DEPRECIATION FUND ACCOUNT (A ' count 136) une l Amount N s. (a) (b) 24 DEBITS 23 Balance of secount at beginning of year. .. .. . ,

                                                                                                                         $2,641,749.04 26   Income during year from balance on deposit.            .        .     .    ...     .          .

182,442.53

                                                                                                                                            . 0 27   Amount transferred from income.          ......... ..       ...............            ..........

23 Reirhirsement from sale of Plant & Damaged Property,Etc. . . . . . 167,177.66 29 TOTAL.E2.991.369.23 30 CREDITS 31 Amo.mt expen<ted for canstruction purposes (Sec. 57. C.164 of G.L.). . . 3 .343,,098,.40 32 Amounts expended for renewala. via.: - 33 34 35 4

                            \
                             \

33 i' 39 Baiance on hand at end of year. . .

                                                                                                                           $2,648,270.83 40                                                                                                               votat    $2,991,3GTD M

g

3 tTI'II.ITY P1. ANT - El.ECTitIC E 3 I owhng year. Such items should t>e included in column erf ct of such amounts.

I Report telow the items of utility plant in service 4. Reclassdications or transfers within utility plaat 6h3. Credit adjustments of plant acent.nts the.uld j according to prescribed aerwants. accoents should be shown in columrt ti).

2. Do saut include an adjustanents corrections of 14 encheed in parenthews to indicate the negative udditione and rGireneents for the curre.it or the pre.

Betance Adjustinents Batarice Beg 6nneng Tr ansfers End of Year L Additions Depreciaten Other credits (g) Account of Year (e) (r) t itta (c) (d) No. (a) (b) h

                                                                                                                                .00     8                 .00    8            .00          8    3,879 76

1. INTANG111LE PLANT

3,833.40 8 46.36 8 1 ,

2 - 3 . P 4 b 5 2. PRODUCTION PLANT E 6 A. Stensa Production % 7 310 land and land Rights . g 0 311 Structures and Improvements. D 9 312 Iloiler Plant Equipnwnt. 10 313 Engines and Engine Driven h f Generators. i ll 314 Turtxigenerator Units. D 12 315 Accessory Electric Equipment. g 13 316 Mi.cellaneous Power Plant ..__ _____ _ _ _ _ . _ _ _ _ _ _ _ _ _ _ .

                                                                                                                                                                                                            . _ _     g Eqi4ipment .                             _._.-__ _ _ _ - .___                                                                                                                                   _     j..

14 _ i Total Steam Production Plant.

15 IG B. Naclear Production Plant 929.03 .00 1,252.93 j4 2,181.96 .00 .00 846,418.31 320 land and Lead Itights. .00 .00 17 837,209.37 9,208.94 .00 1,254,252.55 la 321 structures and improvements. .00 .00 1,237,652.33 16,600.22 .00 203,985.79 IS 322 Iteactor Plant Equipment. .00 .00 200,779.80 3,205.99 .00 304,607.02 20 323 Turbogenerator Units. .00 .00 , 300,623.81 3,983.21 .00 I 321 Accessory Electric Equipment 21

                                                                                                                                                        .00                    .00             95,947.90               ;

22 325 Mincellaneous Pa,wer Plant 94,692.43 1,255.47 .00 Equipment . 34,253.83 .00 929 03 .00 2,706,464.50 I 23 Total Nucicar Production Plant 2,673,139.70 O A I e 2

e.g

                                                                                                                                                                                                >E UTILITY PLANT-EL             ' RIC (Continxesi)                                                                ;.

f. essene.

e. ginning Adiustm*'*'s . ens nce tine Account et ve., Add i.ons o.preciation other cred.:s Transtee s End etv.er No. - (a) (t ) (c) to) (e) (f) (s) *~

O

m 1 C. Ilydraulic Production Plant 8 3 $ $ 3 3 ~~-

2 330 land and Land Rights. . . i 3 331 Supctyrse and improvements.. . ,i ,o' _ 4 332 Reservoirs. Dams and Waterways i~ 333 Water Wheels, Turbines and iC jj 5 cenerat ..... . .. . .. 6 334 Acceanory Electrie Equipment.... i 7 335 Mimeellaneous Power Plant jh Equipment. . . .. . . . j 8 9 336 Roads, Railrods and Bridges. . . Total Hydraulle Production Plant if lQ 10 D. Other Produe*lon Plant s1 340 tand and Land Rishts. . . 5,500.00 .00 .00 .00 00 5,500.00 !!i! 12 341 structures and Improvements. 8,449.62 .00 .00 .00 .00 8,449.62 jf 13 342 Puel lioiders, Producers and it Accennones . . . . . . . . 17,763.81 .00 .00 .00 .00 17,763.81 j@) 14 343 Prime Movm. . . ... . 164,364.31 .00 ~. 00 .00 .00 164,364.31 i4 15 344 Generators. . . . . . . . . . 13,763.87 .00 .00 .00 .00 13,763.87 ", 16 345 Accessory Electric Equipment.... 28,989.73 1,300.95 .00 .00 .00 30,290.68 l 17 346 MEacellaneous Power Plant 16,721.97 .00 .00 .00 16,721.97

                                                                                   - 1,300.95 T                                                255,553.31                                               .00                .00             .00           256,854.26 18                    hboduction Plant.

2,928,693.01 35,554.78 _.00 _ 929.03 -00 2,963,318.76 19 Total Production Plant. . . . .. 20 3. TRANSMISSION Pl. ANT : 21 350 Land and Land Rights. 53,804.14 .00 .00 .00 .00 53,804.14 : 22 351 Clearing Land and Rights of Way 6,812.85 .00 .00 .00 .00 6,812.85 23 352 Structures and Improvements. . 24,939.I1 .00 .00 '. 00 .00 24,939.I1 ,y 24 353 Station Equipment. . . . . 60,763.17 46,116.18 .00 .00 .00 106,879.35 ; 25 354 Towere and natures. .00 .00 .00 .00 '. 00 .00 g 26 355 Poles and Mxtures. . 68,684.18 .00 .00 .00 .00 68,684.18 27 356 Overhead Conductors and Devices 49,329.55 .00 .00 .00 .00 49,329.55 3 28 357 Underground Conduit. . . 94.39 .00 .00 .00 .00 94.39 f, 29 358 Underrround Conductors and

                                                                             .00                .00                       .00                .00             .00                      .00
                                                                                                                                                                                              -h Dr..ces.    ..            . .

30 J59 Hoads and Trails. _ .00 _ _ . 0 0__ _ _ .00___ .nn . nn _ _ .00 _ { 31 Total Transmicsion Plant. 264,427.39 46,116.18 .00 .00 .00 310,543.57 :. - g

M UTILITY PLANT-ELECTitlC ICentiredl [

e. . E 4.i..n i,. p. ., a c ...

                                                                    .e v..,                  Aedm .              p.e mo              citi , r etu            T'                   d ne v ,                             j u..                 an   .e

eII e ,a He t: H tai edi t.I 2 S S S 5 1 4. DisTitIHUTION PLANT S S 2 20 Lanel an. Land nicht. .

                                                                            .00                         .00              .00                      .00                .00                                        .00 a mi structure amt improvement.                                   644.85                           ~. 00           '. 0 0                    .00                   00                               644.85 .d 99,720.19                         S 4 3r;2 statinn Equipment                                     99,720.19                             ~. 0 0           .00                      .00                .00 5 %3 Storage Battery Equipment                                         .00                         .00             '. 00                    '. 0 0             '. 60                                    .00    @

6 %4 Pales. Towers and Fistu,,, 122,787.24 21,249'.67 .00 6,321'.52 '. 00 137,715.39 96,766.62 7,204.03 .00 591,646.64 - 7 365 Overhead Conductors and Devices 502,084.05 '. 00 ' 366 Underground Conduit. 137,446.35 5,487.14 '. 0 0 5,443.59 '00

                                                                                                                                                                     .           137,489.90 s                                                                                                                                                                                                               -

377,500.12 55,744.12 *00

                                                                                                                          .           18,311.65                     '. 00        414,932.59 9 367 Underzround Conductors and ocvice 657,124.83                      39,727'.60              '. 00           5,037.49                     .00         691,814.94 [

10 ar.n Line Tren.former. 3r,9 service. 159,792.44 6,134.45 '. 0 0 6,876.31 .00 159,050.58 g 11 295,158.30 6,628.83 *00

                                                                                                                          .                   46.10                 ". 00        301,741.03
    #2  no Met,,,

na In=tallation. on Cunt's Premise, .00 .00 '. 00 '. 00 '. 00 .00 E

                                                                                                                                                                                                              '. 00 d 13 372 Lested Prop. nn Cust's Premises                                 .00                         '. 00           '. 00                     '. 00              .00 14 79,488.02                      3,756.49                '. 00              621'.00                 '. 00         82,623.51 ~4 is  m3 street Len. .nd signal sy.icm,                                                                                -                                                                                           t er.        Total Di,tribution Plant                      2,431,746.39                     23S,494.92                   .00        49.861.69                      .no      2.617.379.62 d 17         5. GENERAL PLANT                                                                                                                                                                                  o 18  189 Lami and Land Richts                                                                                                                                                                                    $

in wo structures and Impmvementa 90,716.01 141.46 .00 .00 00 90,857.47 @ 20 39: Office Furniture and Equipment 189,680.03 15,195.24 .00 3,120.00 ~. 00 201,155.27 r 21 N2 Trampartation Equipment 196,316.94 .00 .00 .00 '. 00 196',316.94 22 23 sinres Equipment 3,810.89 '. 00 '. 00 .00 '. 00 3,810.89 4 21 w4 T... .. shap and Garar Eart- 8,153.25 .00 '. 0 0 '. 00 '. 00 8,153.25 24 m s tahoretney Equipment 7,442.81 '00 '. 0 0 ~. 00 7,442.81

                                                                                                        .00                  .
                                                                                                         .03                                                             00           2,136'.33 es  ve; en.er operated Equipment                                 2,136.30                                                .00                 .00                          .

397 common; cation Equipment 19,977.89 ( 1,454.76) - 18,523.13 2,;

                                                                                                        .00                  .C0                 .00 6~,977.42                                                                                            00          8,449.77 27   l'IM Ms rlimacous Equip = cat                                                            1,472.35                   .00                '00 2H   t99 Other Tanchic Pratwrty                                                                      _nn                'nn                 *nn                 -00                                    30~.35       2 30.35_

29 Tntal (;.acent Plant 525.241.89 .16.809.08 .00 .720.00 ( l.454.76) 536.876 2L j ao Totai nicce ri,- Plant in service 6.153.942.08- 334.021'.32 '00

                                                                                                                               .       54.510.72          (     l.454.76) 6.431'.997'.92                                g 3:   104 titility Pin,it leased in Others                                                                                                                                                                           o 32  tos Pr.,p-rty 1:. 'ei far Future Lt.e                                                             00                  .00                 .00   ( 539,299.90)
                                                                                                                                                                                                                .00 107 Cun.f rurtion Wnth in Pmere.g                              9                                                   ,

31 .

at T..tal tilint, Plant 1: Irretic 6,693,241.98 334,021.32 54,510.72 ( 540,754.66) 6,431,997.92

;~

e ' e-*

t ,* g* PitODUCTION FUEL AND Olt STOCKS linclueled in Account 1511 {- er.e.pe N.ste.e W el ';

.+

1. Report below the information entled for concerning penduction fuel and oil stocks. *

2. Shnw quantitice in tons of 2.00C lin, gal.. or Mrf whichever unit of quantity is applicable. *-

3. Each kind of enal or oil should te shown neparately. -

4. Show gas and electric fuels separately by specific use.

                    '                                                                                                                                                                                                                 d a~                                                                                                                                                  umos or turt awo oet                                                 ,g
                                                                                                     * *'            #2 Diesel                                            Gas FCF                                                     o o eser            c ,e                               m e e..                                                n                                              ce                       oer                        cese ggg                               %.

g,g No. (e) (bj gg) ggg P

                                                                                                                                                                                                                             .00 -    c3 533,159                   319,221.37                           0     s
 ~~

On lland Beginnirut of Year . S 319,221.37 s 1 413,752.68 296,540 178,908.08 82.,073 234,844.60 h 2 Received During Year "IT) TAI, R?9.699 498.129.45 R2,071 234.844.60 [ 3 . 732.974.05 Used During Year (Note A) 137,703 82,357.20 82,073 234,844~.60 g 4 317',201.80 . H N C 6 7 ng 8 9 hf 13 5.32S 2.812.57 0 .00 p 11 Sold or Transferred 2.812.57 234,844.60 'o T(YTAL DISPOSED OF 320.014.37 143.028 85.169.77 82.073 12 .00 686,671 412,959'.68 0 d 13 BALANCE END OF YEAR 412',959.68 amos or rust Ano oit-.-c d (3 1 4 c ... or ce to o . .r t;,, th) til til 0)

w. fel S

5 14 On lland Heginning of Year 15 Heceived During Year Ir. 'IT)TAL 5 17 Used During Year (Note A) . In L 19 Y* 20 21 5 22 23 - 24 Snid or Transferred 25 TOTAL. DISIUSED OF g 2ei IlAl.ANCIC END OF YEAR Note A - Indicate spenfic purpose for wheth used. e g .11oder Oil. Make Oil. Ge nerator Fuel. etc.

1 aanv oi eesm et. .NN. 9E...N.N..h.N.I..N...DE..h.N.E.N.......................vw one.s o,,eme , 31,1 af.. _ MISCELLANTOUS NCNUPERATING INCOME (Account 431) _

                                                                                                     #] {"

1 - t . 8 . 4

            &                                                                                                        C 6                                                                            M AL                     5 OTHER INCOME DEDUCTIONS (Ameeust 426)                                  f W                                             km                                             Amount 8ee,                                           g)                                              gg)        .

u 8 8 to II - 12 la 1 14 M AL - MISCELLANEOUS CBLEDITS TO SURPLUS (Aeroust 4H) s W 88 8 *

         ~.                                                3                                          Ame,wnt
                                                                                                        ,)               =

15 Partial Pilgrim I Settlement with Boston Edison 1,264,123.83 2 - 16 11 4 18 - 19 30 - 21 22 - 23 NR 1.264.123.83 ' MISCELLANEOUS DESITS 70 SURPLUS (Account 435) A seem am 86e. gn) gg) 34 Pilgrim II Adjustment 21.51 25 24 2 27 88 89 to 81 = 82 NR 21,51 .

     ,                                      APPROPR,IATIONS OF SURPLUS (Accovat 4M)                                     --

una seem ame.n 8to. Gs) (3) 88 Transferred to Town Treasury 200,000.00 1 84 85 88 - 81 84 , 88 40 N AL 200,000.00 - M -

                                                                                                                         =
                 ' ' '                    I   ,I l  l         l l

se . aAnwelFepe9 et. N .. .. k.h h . .h ..h, M hh.h. '.h .. ... ... . . . . . . . .. . .. . . .. Tee t e m e t. Det e m b e' I I .19 9 k 4 MWICIPAL REEM.$ (Assov te C2. H4) (K.W.H. sold under the provisions of Chapter 269. Aeu of 1927) ess Scheav6e Goble feet De,ence awe.no "M'ND ' (e) (t) (O e 1 442 Not Applicable 2 8 TeTALS swem ase.evie n.w.H . ne n e sneens "fa $$""'

                                                                                                                                         ,g, iggigg, (a)                                   n)                                       (O                       Is) 8   444      Wualcipsh (Other thaa Street IJgh' lag)

All Electric 6,041,400 625,866 96 0 103596 Power 4,908,048 664,552.22 0.135401 s Comnercial 520,218 85,791.63 0.164915 8 Yard Lighting 24,874 4,406.47 0.177152 10 11 12 . Tovats 11 aoa. san 1.380.617.28 0.1?n111 13 Sonet IJghting: le Town of Hudson 1,221,369 147,485.16 0.120754 15 hTi of Stow 26,982 6,097.56 0.225986 18 Tcun of Berlin 388 84.88 0.218763 17 18 mats 1.248.739 153.667.60 0.1?1059 3, mats 12,743,279 1,534,284.88 0 120400 PURCHASED POWER (Account 855) cent see Ev*v'nIc'h$ IcNe UsIY Ne*wY' u.w.H . Amesat "s**st D

Y)"'*"*"* m) (c) (s)

N)* # M See Pages 54, 55, E 6 for Details is O O N SS N 27 C3 O m ats 243,120,929 25,715,869 .105774 SALES FOR RESALE (Aeceent 447)

  . .,e e

g%,r+y w.:m=r . . - in~$jl-O n at [] O O y N O N E C3 O 37 P O O * *'8 Next page is 37 M

rh I, s: k' El.ECl"RIC OPERATING REVENUES (Acceent des) 4*

4. Unmetered emies should he imeluded hetow. The -..

I. Report below the menount of ._^' ; sevenue for edded for blillas putynore. ene easteener shall be'euented details of endi ambas should be given in a feetmete. 3 for each group of snoters se added. . The everage noneber .i" and Indumssief . the yearsefor each oweprearrthed secuent s. h &== et C-year. and the amount of of customere seienne the everage of the 12 Agurve et the . Aeesent 442, neuerding to Senes (or Comuneven incrosse decrease the pneedens ^

&^

2. If inervance and deeresses are not derived from psevleusly reported Agures emplain any ineeedstoneles.

clo.e of each inenth.~ If time costessier count in the eval.

                                                                                                   ' dentlei  servlee      elensisestion      inchsdam    einssessnese
                                                                                                                                                                       d"0"'"

commsed ghy eeerleine ages Kw of snow then esee banese ef spnemi ernine, sudn es weter : henis of c a de w is not g,,the Uniferen Systeen of _ 3.-Nuseher of customere should be nyerted en"the . heeting. etc., leidecote in a footnote the numhee ofdenseed. such See Aegumet 442 et besle of museher et sneters, plus museher of Amt rate dupilente euntenene ladeded in the N. Aeesente. Roya.a. hasis et ,a= de ed m g secounta, escept that whee opperate smeter seedings are ?' n.aseosse mer., . an.umee4i co3.se e per seemsen l OposseeneItos.s ee

                                                                                                                                                                  .l      taasemos er                                 9 mere.e.er -

Smeree.e er o a_ _ e- . ,

                                                                                       -r                                                          v,                  p e.sens v ,                 v,               ev.e.ei.e veer    ~

une ace e v e- re.e.eene vase (e) (e) (.) (f) jg h (b) 90s. (a) - a. . 2,,

                                                                           $                                 $                                                                                                                         0 1             SALES OF Et2CTRICITY                                                                      (75f012.51)                 64,002,488                 (943,635)              8,431                     141 7,931,400.68.

g 2 440 Reddentia18eles. . . . . . . . . . . . . . . . . . . . 3 442 Conumeressi and Industdal Sales: 53,352.14 10,355,620 288,450 L1,099 36 1,748,598.80. h l 4 shmen (or Canumsedell ese laser. 5. . . 18',165,889 75 (759',515'.C8) . 155,124',389 (7,132",312 193 ( 5) L 's Image (er indusaden see fuser. 5... . . ( 43^,657'.85) 12,743',279 C '. 537',626) 99 0 6 444 Mumielpet Seles (P. 22) . . . .. . . . . . . . . I',534,284.88 0 @ T ie 0 0 0 l 7 44s Other sales to Fehue Authorities......

                                                                                               '. 00 --                       '. 00
                                                                                                                               ;00                        0                        0                  0-                   0          F m Sehe ne R.areeds and Romwe,s.......
                                                                                                .00                                                                                                                        0
     .s                                                                                                    1,546,545'.94'                               . 0                        0                  0 449 Fuel: Charge. Adju,stmqn,ti,                                   .686,032 56                                                  563,671                     13,'/32)              147                     (1) 19                                                                            105.146.62-                    (1'.801.92)                                       f
                                                                                                                                                                                                                       '171-           ;

1s 449 Minesmaneous Essetrie Seles. ......... -30 171,353.29 719',910.72 242,789;,447 [8,343,855) 9,969 0 (6',647',575) r 0 0 : It L Tatet smise to Ultimate Censumere.... f

                                                                                                .00        ( 172,254'.23)                                                                                               171-242,789,447           -( i4,991 , 430)             9,969 12     447 Sales for F===t=. . . . . . . . . . . . . . . . . . . . 30,171,353.29                        547^,656.49 la         ^ Total Seine of Elsetridty*. . . . . . . . . . . .                                                                                                                                               -                   i 14       . OYllER OPERATING REVENUE 5           .                                                                                                                                                                                5      ,

is 454 Forfeited Dimesunto. . . . . . . . . . . . . . . . . . :- to est Miseaseseems servien Itevenuse.......

                                                                                                .00'                                       *Induda wwnew fram op,alestian of fast deuses 8... 2,546 308.44.....

7 I-

                                                                                                '00 t7 153 sehe of Water and Water Power. . . ...

is 454 Rent fran Eintele Prepwty. . . ....... 27,484'.00' I~

                                                                                                .00                                                                                                                                    A as     4ssi.e.. _ ~ -a Rent .............                                       12,896'.52 Total 'KWit to which appeled . . . . . . 2Al ,5@.7 07.6. . . . . . . .                  g-         .

se 4ss.ethy Ehetrie hevenues. . . . . . . . . . . . . . 3 21 !, 22 H 23 g'" 24 25 Te8-4 Other Opresting Revesenes... . . 40."180 M2- t' .- .,.- Dectrie Operating uevemen.. . 30,211',733'.81 [ ts .T . , , , ,

38

                             ' igd CF HU A m e wel t e ptet 4 f . . . . . . . . . . . . .... . . . . . . . . . .DS.C. .N. . . .L. .I.G. .H. .T. . .A. .N. .D. . .K. . .M. . E.R. . . .D. .E.P. .A. .R. .'Qgtg. . . . . . . . . . . . . . . . . . . T e e t e SA1.ES OF El.ECTRICITY TO ULTIM ATE CONSUMERS Aeport by secount the K.W.H. sold, the amount derived and the number d customers under aset. fjed whedule of contract. Munleipal sales, contract sales and unbilled maju may be reported separately in toal.

Aag";. Amn.er o eet

a. cwe.temers

                                                                                                                                                                                ..ee>

te. e> K.w .H. merenue (0.0000) Jwir 31. Decomm 31. uns acco w ni teneswie to (3) ta (s? (e) No. No. (e)

         -1      440      "A*DrmticPae                                  38,197,005          $ 4,999,012.69 0.130874                                             6,339          6,392 2 442          t 'Q m u cial Pate                            10,298,237              1,741,279.59 0.169085                                            1l103         1,W6 8 442             D Iber Salm                               155,124,389            18,165,889.75 0.117105                                                196            193 10,806 130               1,285,904.49 0.118998                                           1,144         1,141 4 440           T wt.r. titr. Rs.

5 440 Y Pae All Elec. 14,999,353 1,fA6,483.50 0.109770 899 898 6 442 ~C" Pde 02n. that 57,383 7,319.21 0.127550 3 3 7 44 Srnet Lightirq 1,248,739 153,667.60 0 123058 3 3 Hnicipal Salm 11,494,540 1,380,617.28 0.120111 101 99 s 444 9 449 Yani Lightirg -563,671 105,146.62 0.186539 145 144 10 449 RalCunnIdj. 0 686,032.56 11 12 13 14 15 16 17 18

          , 19 10 21 22 13 24 25 26 27 28 29 30 31 32 SS 34 85 34 ST 84 C) 40 41 42 43 44 45                sa
              -44                  }

47 0 48 43 TOTAL SALES TO LTL.TIMATE 242,783,447 $ 30,171,'353.29 0.124 710 9,933 9,4@ CONSUMERS (Page 43 lire 9) M

                              - s.anual tsiert ot...M.V,.9f..MGA1E.M..WER. MAR %E1G-- ~.-~o m.~ovn' eaen Omm*2' al. M.1-FLECTRIC OPERATION AND MAINTENANCE EXPENSES

1. Enter in the space provided the operation and malatenance expenses for the year.

2. If the increases and decreases are not derived from oreviously reported Brures explain in footnote.

Increase or Account Amount for Tu, . (Decrease) trem une Prwesi a veer No. (a) (b) 1 POWER PRODUCTION EXPENSES 8' 8 2 STEAM POWER GENERATION 3 Operation: 4 500 Operation supervision and engineering. . . . . . . . . . . . . . . . .. 5 Sol Fue!. . . . ... ...... . ... . . . ..... .. .. 6 502 Steam expenssa. . . . . . . . . . . . . . ... ........ ... 7 503 Steam from other sources. . . . .. . ,. .......... . .. 8 504 Steam tr.:uferred - Cr.. . . . . . . ... . ........ .. . 9 505 Electric esponses. . . . . . . . . . . . . . . . . .... ..... 10 506 Miscellaneous steem power expemes. . . . ............. 11 507 Rents.. ... .. ... . . . ... ....... .... 12 Total operation. . . . . . . . . ................ . l 13 Maintenance:

14 510 Mawtenance supervia!on and engineering . . . . . . . . . . . . . . . . 15 511 Maintenance of structures. . . . . . . ......,. .. .... 16 512 Maintenance of bouer plant. . . . . . . . ...... . . . 17 513 Maintenance of electric plant. . . . . . . . . ... . . 18 514 Mainter.ance of miscellaneous steam plant. . .. . . . ,, 19 Total maintenance . . . . . . . . . . .. ... . ...., ... 20 Total power production expenses - steam power. . . . . 21 NUCLEAR POWER GENERATION 22

Operation:

23 517 Operation supervision and engineering. . . . . . . . . . . ...... 15,624.41 . 6,415 67 24 518 ruel.... . .. ....... ... ..... . . ..... . . . . 39,262.72 17,082.87 25 519 Coolants and water. . .. .. . . . . . . .. . 499.35 (251.61) 26 520 Steam expenses. . . . . . . . ..... ..... ... 11,012.41 6,996.97 27 521 Steam from other sources.. . . .. ... . , , . . 00 .00 28 522 Steam transferred - Cr.. . . . . . . . . . ... . . . ,. .

                                                                                                                                                                               .00                         '00 29    523 Electric expenses. . . . . . . . . .. ... . . .. ..... .. ...                                                      561.41                        -346 74 30   524 Miscenaneous nuelar power expenses. . . .. . ....                                                             38,503.12                      19,352.14 31   525 Rents..              . .. .         .     ..                      ... .                      .                              .00                          .00 ~

32 Total operation. . . . . . . . . .. .. .... . ... ., .. ans.dA1.d? do.4d?.7R 33 Maintenance: 34 52s Maintenance supervision and engineering. . . . . . . . . . . . . . , 5,763 43' 2,714.75 35 529 Maintenance et structures. . . . . . . . . . . . . . . . . . . . . . .... 6,394.69 5,735.68-34 530 Maintenance of reactor plant equipment. . . . . . . . . . , ... 10,039.98 7,532.10 37 531 Maintenance of electric plant. . . . . . . .... ...... .. .. 6',196'.82 5,602 98 38 532 Maintenance of miseenaneous nuclear plant. . . . . . .... .. 5,150.05 3,834 24 39 Total maintenance . . . . . . . . . . . . . . . . .- . . . . . . . . . . . . . . . . . qq,qaa,q7 7s,419,7q j 40 Total power production expenses-nuclear power. . . . . . . . . . . 1qq', nog,qq 7ci,qg7,sq 41 HYDRAULIC POWER GENERATION 42 Operation: 43 535 Operation supervision and engineering... ... .. ......... 44 586 Wat er for power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 537 Hydrat.lic expenses. . . . . . . . . . . . . .......... .......... 46 588 Electric upenses. . . . . . . . . . . , , . . . . . . . . . . . ........ 47 53J Miscellaneous hydraulic power generation expeners. . . . . . . .. . 48 540Renta................................................ .. 49 Total operation. . . . . . . . . . . . . .. . ... .. . . . i l s .. . . . . . . . . . . . _ . . . . __ _ _ _ d

40 annamoort ev....m.G..Qf..HLM.ON..UGHT..MO..NiER..QW2.uT.....................e.., eox e ox.mn. n. n l ELECTRIC OPERATION AND MAINTENANCE EXi'ENSES-Continued i e , . . . . .. u,, am...i a,oe.oi ,v.., 7,ellll*'gl;a No. (a) (b) (c) 8 1 11YDRAULIC POWER GENERATION-Continued 8 2 Maintenance 8 541 M aintenance supervision and engineering . . . . . . . . . .... 4 542 Maintenance of structures. . . . . . . . . . 5 548 Maintenance of reservolta, dams and waterways. . 6 544 Maintenance of electric plant. . . . . . ... . . ., 7 M5 Maintenance of miscellaneous hydraulk plant. .. . . . 8 Total maintenance. . . . . . . . . . . . . . . .. 9 Total power production expense - hydraulle power. . . . 10 OTHER POWER GENERATION 11 Operation: 12 546 Operation supervision and engineering. . . . ... .... .. 21,451 02 114 34 18 547 Fuel. . . . .. .. .. ..., . , , 2644747 50 (44.666.30) 14 548 cennation upenses. . . . . . .. .. . . ... 185,422 54 3,757.36 15 549 Mlacellaneous othn power genmtion upenses. . . . . .. 46,238.20 46.67 16 550 Rents. . . .. . . ... . ... .. . 00 .00 17 Total operation. . . . . .. ... . 517.859.26 (40.747.93) 18 Maintenance: 19 551 Maintenance supervision and engineering. .... 21,638.78 ( 184.29) 20 552 Maintenance of structures. . . . .... ..

                                                                                                                        . . ..                                                          55,858.62                    3,298.75                -

21 558 Maintai.ance of generating and electrie plant ..... . ..... 78,591'.57 (79,016.60) 22 554 Maintenance of riscellaneous other power gunstion plant. . 3.429.73 *

                                                                                                                                                                                                                       *973.3fd_

28 Total araintenance . . . . . . . . .. . . . 159'.518.70 76.875.50) 24 Total pawn production expenses - other power. . . . . . . . . 677.377.96 ( c17,623.43) 25 OT!1ER POWER SUPPLY EXPENSES 26 555 Purchased power. . . . . . . . ... . . ..... 26,058,820.63 ( ~64,010.28) 706.34 27 556 System centrol and load dispatching . . . . . . . . .. . .. .. 26 225.51 8 28 557 Other expenses. . .. . .. ..... ... . . ..... 70',818.42 35,749.70 29 Total ot.her pows supply expenses. . . . . . . . . . . 26.155.864.56 ( 127.554.24) 80 Total power production expenses. . . . . . . . . . . . .... 26'.972.250.91 ( 169.815.14) 81 TRANSMISSION EXPENSES 82 Operation: 560 operation superviio a and enginwring . . . . . . . . . .00 .00 8a ........ 561 Toad dispatching. . . . . . . .00 .00 84 ... .. ... ... . . ...... 542 Station expenses . . . . . . . . . . . . . . . . . . . . . . . . . . 1,930'.09 1,930.09 85 ... ..... 568 Overhead 1% expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , 2',320.00 2,320'.00 84 544 Underground line apenses . . . . . . . . . . . . . . . . . . . . . . . . . . . .

                                                                                                                                                                                                    .00                           .00 87 88     565 Tran==t-lon of electricity by others. . . . . . . . . . . ......                                                                                         1,020,324.39                      214,474l.79 566 Miscel%neous transtniasica expenses. . . . . . . . . . . . . . . . . . . . . .

4.46 4.46 89 100.00 100.00 40 567 Rents.......................... ../. ... . . ........ 41 Totai operation . . . . . . . . . . . . . . . . . . '. . . . . . . . ........ 1.n?6.A7R 44 71R.R?9.14 42 Maintenance: 60.65 60,65 es 568 Maintemanos supervia'on and :.ncineering. . . . . . . . . ..... 549 Malatemance of structurno. . . . . . . . . . . . .t . . . . . . . . . . . 694.42 _( 4,708'.55) 44 ..... 570 Maintenance of station equipment. . . . . . . . . . . . . . . . . . . . . . 29,797.53 26,790.95 45 46 571 Maintonatrae of overhead lines. . . . . . . . . . . . .... ..... 6,977.25 6,912.21 47 00 .00 572 Maintenach of underground lines . . . . . . . . . . . . . . ... ... 48 578 Malatesance of minenllaneoue tranaml=lon plant. . . . . . . .. . . . .00' .00 49 Total maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. J/,529 65 29,055.26 50 Total tr=a t-ton expenses. . . .... .. .. .. . . . . . . 1,064,208.79 247,884.60

           ~                                  .

1 l 41 c..... 1,.,$ en. ....M 9f..lfM9N.kMT.J@..EMR.IMEC.. .................v , cace oux., a t. ie.9.1

                  ~        ^         ~

ELECTRIC OPERATIOfAND MAINTT. NANCE' EXPENSEGCoattaued e messe s. s, Acteent m.vnt toSYea, [,*, ,*[ o) n) (c) 4

                                                                                                                                      $                                       8 1                                 DISTRIBUTION EXPENSES                                                                      .            .-

2 Operation: 3 5s0 Operation supervision and engineering. ...... . . . . . .. 22,108.21 (1,174 69) 4 ssi Lead dispatching. . .. . .. .00 .00 6 68.! Statios orpenses. . . . . . . . ........... .. ............ . .00 .00 6 663 Overbud line expenses . . . . . . . . . . . . . . ............. 6,793'.32 (7,471.40) 7 684 Underground Ene ex penas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,241 61 923.71 8 685 Street lighting and signal miem apenws . . . . . . . . . . . . . . . . . . 8,260'.29 187.64 6ss Meter upenws. . . . . . . . . .. . . ... ... .. ....... 35,559 63 3,104.35 9 68; customer installationa upenws . . . . . .. . ....... ...... 2,860 29 2,342.65 10 sss Mismilaneous distributin uperes. . . ... .......... 4,826 93 244.49 11

                                                                                                                      . .. ...                      87.00                                       ( 8.00) 589 Renu . . . . . . . . .

12 ' as Total operation . . . . . . ..... ..... .. .......... 811737 28 (1.851.25) at Malsunance: 22,108.22 985 12) 15 690 M aintenance supemsien and urineering . . . . . . . . . . . . . . . . . . .

                                                                                                                                                                                                           'N 16       691 Maintenan ce of structures . . . . . .' . . . . . . . . . . . . . . . . . . . . . . . . .                                  535.93                                           288'.09 592 M aintenance of matbo equipmat . . . . . . . . . . . . . . . . . . . . . . . . .

17 206 477*76 8 17 381.45 8 18 ES3 M sintenance of overbead lines . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,225.63 16,818.89 19 594 Maintenance of underground h.nes . . . . . ................ 10 321*65 8

                                                                                                                                                                                                    "t  '.31 20       695 Malatenance of line transformera. . . . . . . . . . . . . . . . . . . .                                              8,613.60                                        s         1 87) 696 Maintenance of strat lighting and signal systems. . . . . . . . . .

21 7,666.92 3.8557.56 22 $97 Maintenanae of traters. . . .. ..... .. . . ..... .

                                                                                                                                                           .                                               .00 23       598 Maintenance of sheellaneous distribution plant . . . . . . . . . . . . .

24 Total maintenance . . . . . . .......... .... ........... 273,949.71 37.286.31 25 Total distribution expenses . . . . . . . . . . . . .. ......... 355,686.99 35.435.06 26 CUSTOMER ACCOUNTS EXPENSES . 27 Operation: 28 901 Supervision. . .. . ... .. ... ....... .... 10,141.70 732.04 29 902 Meter reading EIpen,u. . . . .. ..... ............ 44,133.13 (794.37) so 903 customer acords and collection expenws . . . . . . . . . . . . . . . . 152,397.81 12,983.99 31 904 Unco 11ectirle accounts . . . . . . . . . . . . . .... ..... .......... 45,483 90 8,362.85 32 905 Miscellanews customer amounts expenses . . . . . . . . . . . . . . . .00 '. 00 33 Total custorrer secounta espenses . . . . . . . . . . . . . . . . . . 252,156.54 21,284.51 34 SALES 1.IPENSES 35 Operation: .00 .00 86 til Supervision . . . . . . . . . . . . . ................ ..........

                                                                                                                                                             .00                                            .00 37      911 Demonstrating and selling expensts . . . . . . . . . . . . . . . . . . . .                                                         .00                                     (25.00) 38      913 Ad vertasing expenses . . . . . . . . . J . . . . . . . . . . . . . . . .. . . . . . . . . .                       12,675 36                                      (2,927.10)

$ 39 916 Miscellaneous sales expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total sales e2penses . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,675 36 (2,952.10) 40 41 ' ADMINISTRATIVE AND GENERAL EITENSES 42 Operation: 43 920 Administrutive and geeral salaries . . . . . . . . . ............. 297,194.44 18,952.29 44 921 05ee supplies and upenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,235.33 1,338.88 45 922 Administrative expenses transferred - Cr. . . . . . . . . . . . . . . . . (67.36) (62.88) 46 923 0utside oervi,es employed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 256,308.83 (154,146'.51) 47 924 Property insuran ce . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,375.67 5,366.06 48 925 Injuries and damages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54',338.27 (13,566.57) 69 926 Ernployee pensions ud beneSts . . . . . . . . . . . . . . . . . . . . . . . . . . . 369,827.48 C5,323.70) 50' 92s Regulatory commissbn etpenses . . . . . . . . . . . . . . . . . . . . . . . . . 3 399 51 h173 59~ 11 933 Transportation, Expense... . . .... ......... 52$46254 l'.,838.70 52 $30 Miscettaneous genm! upenms. . . . . . . . . . . . . . . . ......... 32',372.78 (',502 '.14 ) 53 931 Rents . . . . . . . . . . . . . . ... ...... ... ......... .. .00 .00 54 Total operation . . . . ..... ... . ... 1,107,.447.49 (214,932.28)

4* Ana.,ei ec it et....EU. 9f..$.9.NI..h.E.E..NIE..D.E..EE.?[.@.EE.....................**ee ead:o Deo abee 31. t s..?.I . L. - - ELECTRIC OPERATION AND.MAihTT. NANCE EXPENSES -Continued . t .. anuesse er g,, Account Arnevnt for voet I, ** ,,

                                                                                                                                                                                                                         ',* ]',,

hs. 4) (b) (c) 1 ADMINISTRATIVE AND GENERAL EXFENSES- Cont. 8 8 2 M aintenance: 3 932 Maintenane, of gmral plant , . . . . .. .. .. . 39.453.14 ( 9.330.34) 4 Total administrative and general upenses. . ....... . . 1.146.900.63 (224.262.62) 6 Total'Deetric Operadoo and Ma!ntenance Dpenses .

                                                                                                                                                                           ?9'.803.870.72                    ( 92.425.60)

SUMMARY

OF ELECTRIC OPERATION AND M AINTENANCE EXPENSES une Functiones cieutt.catwa o,mtion usmtena nce . Tetet he. (s) (D) H) (8) 6 Powsr Produeden Expenses 8 8 .. 8 7 Dectric Generation: 8 Stum power . . . . l-9 Nudear power. 105,463.42 33,544.97 139,008.39 10 Hydraulic power . . . [ 11 Other power . . . . . .. .. ... 517,859.26 159,518.70 677 377.96

26.155.864.56 .00 26.1 c;g,, pga , sn 12 Other power supply apennes. . . . . . . .

Tvtal power produeden ugues.. 26,779,187'.24 193,063.67 26,972,250.91 . la 14 Transmssion Expenses . . . . . ..... 1,026',678.94 37,529.85 1.064,208'.79 . Distribution Expenes . . . . 81',737'.28 273',919.71 355,686.99 . 15 . .. . Custrxer Accounta Dxues. . . . . . . . I 252',156'.54 .00 . 252,156.54 16 12',675'.36 .00 12,675.36 17 Eales Expemes . . . . . . . . . . . . . . .. . j 18 Administrative and ( eneral Expenes. . 1.107'.447'.49 19 . t 53 .14 1.146 onn.61 19 Total Doctric Operation and 20 Maintanar v Expenses. . . . . I 29.254.882.85 543.946.17 20.R01.R74.?? 21 Rado of operatiig upenses to operattar revenues (carry out decimal two placna, e.g.: 0.90%) % Compte vwas Revenues laest ecol into the eum e8 Operetien sad &lalatenasee I.assases (Pese as, inne mX4). neos taest eal) mad Amermannees taest eof).............. 22 Total salaries sad wages of electric department for year, laduding amounts charged to oper. 1,289,876.71 ating u pense, construedon and other accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ! 23 Total numberof employees of electric department at end of year induding administratlee. 35 operating. salntenance, construction and other employees (induding part time eroployees) k . u

t

      . . . - .- __ .- ~ _s                            ..     . . - ....     -   e..-         -~       . _ _         .--4         - . _ _ _ . - . . . _ . - . _ _ , . . _ _ - _ . ~                                       .-_

TAXES CIIARGED DURING YEAR y

                                                                                                                                                                                                                               ;                7 L This achedule is intended to give the account dis-        3. The aggregate of each kind of tax should be listed number of the appropriate balance sheet plant account tribution of total taxes charged to operations and other under the appropriate heading of " Federal," " State," and or subaceount.                                                                           3' 2-Anal accounts duning the year.                               " Local" in such manner that the total tax for each State                            5. For any tax which it was necessary to apportion a'                    2. Do not include gasoline and other sales taxes which and for all subdivisions can readily be ascertained.                              to more than one utility department or account, state            t have been charged to accounts to which the material .                                                                                        in a footnote the basis of apportioning such tax.                .

on whleh the tax was levied was charged. If the actual 4. The accounts to which the taxes charged were dis- 6. Do not include in this schedule entries with respect y or estimated amounts of such taxes are known, they tributed should be shown in columns (c to (h) Show to deferred income taxes, or taxes collected thtvugh pay- o- , should be shown as a footnote and designated whether both the utility department and num)ber of account roll deductions or otherwise pending transmittal of such s-estimated or actual amounta. charged. For taxes charged to utility plant show the taxes to the taxing authority. p , 50 Distrmation af Temos Chereed (omit coats) *9 [ m etTemes (show utenty department where appiscobte and accommt che< sod) . gg ' During Year Electric ( Gas c Une Kind of Tax (omit cents) (Acet. 408. 409) (Acet. 408. 409) b

                                                                      '(b)               (c)                 (d)              (e)                       (f) -                       (g)              (h)   (3)           (3)   m 98e.                        (e)
           *                                                                                                                                                                                  --                 .             o 26,914.43 26,914.43                                                                                                                                               I
    -         I jREAL ESTATE TAXES 2   : PAYROLL ' TAXES                             2,824.24 -2,824.24                                                                                                                                             C D-3  :                                                                                                                                                                                                            x l:             4                                    .                                                                                                                                                                          .N 5

Z 6 ' D j

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                                                   ' mus 29,738.67 29,738.67                                                               l                                                                       l          k.

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                                                 ,                         y           +         -                                    ,                                                c n   . . . . y  ,

LO

annu a recen oe.... TOWN..OE..H UDSOll..L.IC11T.. AND..P.oWER,. DIP ARTMEMI.. . .vur ended ouemove an.- 0 9'1.

OTHER UT11.lTY OPERATING INCOME (Account 414) 4 Report below the partleulars called for in each column.' Amount Gain or Amount of Amount of of Operating (Loss) from Property investment Revenue Expenses - Operation Une (c) (d) (e) No. (a) (b) 2 . 3 , 4 5 6 7 8 9 N O N E 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 l 35 f 36 37 .l 38 39 40 41 42 t 43 44 45 s 46 ..- - . gh 47 " ~ 40 '.,. 7, . 4 -[' . 4, g so,

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                   -                                                               f 614 Annua l capset 3f. .T..O.         .
                                                                   . W..N. . . .O. .F. . . .H. . .U. .D. .S. .O. .N. . .L. . .I. G. . .H, ..T. . . . A. . N. M  . .D. . . .P..O. .W. .E. . R. . . ; .D. .E. .P. .A. .R. 9. T. , r . .E. .N   ,

INCO'ME FROM MERCHANDISBNG, JOBBINC. AND CONTRACT . WORK (Account 415): , Report by utility departments the revenues, costs. expenses, and net inecme troen raerebandising. Jobbing, and contrset work during year. Othee gioctrie -- Get utdety -. une item Depenment - Desertment Depenment .- Total No. (e) (b) - (t) (e) (e) , y 1 Re'snues: 8 8 8 8 j- 2 Merchandiae sales, less discounts. ) 3 allowanees and returns , . . .. : . 4 C* street work. . . : l 4 Commissions . . . l 6 Other (list according to major elasses)- ,

7 i

8 ,- 9 - 1 2 1 10 Total Avenues. . . . =,, , 11 12 l- I

IS Costs and Espenses

i 14 Cost of sales (list secording to major i 16 clanees of coett . . 36 17 18 . 19 . 20 21 N' O-.N E 3 22 - 23 .

24 .

25

26 Sales empenses . . . . ....... ,: j. 27~ Customer accounts empenses. . . ..... .

28 Administrative and general espenses. . . 29 30 31 , 32 I 33 34 ! 35 . l' I 36 ,

l. 37 l' 38 l- 39 I 40 L 41 42 .

      .. I; .

43 , 44 45 46-47 - I' 48 49 60 . TOTAL COSTS AND EXPENSES - 51' Net Preet (ce Loes) V vp w . c -. 4 r,c.-- w--, - ,- g, v 4.r se - , , c vm , , ,y+-- 9., , , ,,,wy,,w,,.cr,yy.c gw, ,-,%..y,mw4-ye,,m,.,r.,-,mq,,, ,4.w yw.,4-',.--,e,-e,, c.3, ,.,.c.e

       - u                            .

A nnw e l report of. .T. .O. . W. -. ..N. . .O. F. . .~. H. . u. D. . .S. .O. .N. . . .L. . .I. G. . .H. .T. . . .A. .N. D. . .P. .O. .h. .r.s . D. .E. .P. 9.A. .R. 1. . M. .E. . SA1.ES FOR RESA1.E (Account 447)

1. Report sales during year to other electric utilities and and place an "a"in column (c)if sale involves esport aerons to cities or other public authorities for distribution to a state line.

ultimate consumert 8. Report separately arm, dump, and other power sold to

2. Provide subheadings and classify sales as to ( Associ, the same utility. Describe the nature of any tales clusited ated Utilities. 2) Nonannodated Utilitjes. (8) M uni ties, as Other Power, coturno (b).

(4) R.E.A. Co(operatives, Otherand Public Aut orities. (6)laasi6estionin 4. Ifeclumn(b), deliver in column (e)y istbus: maderespondent at a substation indicate enership For each sale designate statistical c , owned or leued, RS; - thus: arm power FP; dump or surplus power, DP; other, G. customer owned of leased CS. :

                                                                           .                                                                                n.e,n         eioemen.

j f j (8 0 85177 W hleh)

                                                                  ,  y    r.                                                                                          4.e ,. . .
                               $ates to                              1         e               Point of DeH.ory                                                       M ontnty          . Annuel -

gn, 3-d w*I coni,.es Domene

u. imum Demand u... mum

                                                                                                                                                                                       - Demend r

Ho, (e) (b) (c) (d) (e) (0 (8) (h)- E 2 8 4 6 4 7 8 9 10 11 12

           ):                                                                           N      O     N              E 14 15                                                                                                                                                                      .

16 17 18 19 20 21 22 28 24 25 26 y 28 29 80 81 82 88 q J 34 J Ss ! 86 ) 87 ! 88 ,. l 88 \ 40 3 e 41 42 4

 - ---      v-..     . - .       ---er    - + - . ,. , , - - , ,       ,,.,--,-.a,....v               ve r e w n ,n            -- ,,,.,v    w,    e ,.w w vc     ,,,v        x .v w -w w m , m, ,' - . ,, r. , nw  n,-en

M l Ann.nl etpoet av.... TOWS..QF...HUDSCll..LIGH.T.. AMD. 29.WES.. 9E.V.M.IMEN.T.......ves,cn 2 o. ma.r ai. i ..?.1 ; I 1 SAlf.S FOR RESALE (Account 447)-Continued

5. If a ased number of Id!owatts of r.*uimum demand 6. The number of kilowatt.bours sold should be the is speci$ed in the power contract as a basis of b!11ings te quantities abown by the bDie rendered to the purchasers.

the customer this number abould be abown in ecluma (f). 7. Explain any amounta entered in column (a) auch as The number of kDowatts of maximum demand to be abown Id8'

N ""

in echman readings and(g)bouhl(be a furnished whether er not used la theand S. b)If aabould oestract be eowrs actual several based os pointsanoethly of delivery and determination of demand chargea. Show la colema (1) type smaD amounts of electrie energy are delivered at each point, of demand reading (twa=*=m 15, 80, or 60 maisutes such sales may be grouped. integrated). Revenue (Omit Cents) Venese Revenue Type of et - per kwn Demand which Kilowett. Demand Other (Cents) Reading Delhored tiours Chorses Energy Cherges Total (0.0000) tine l (D (!) (k) (1) (m) (n) (e) (p) No, i 1 l , 2

                                                                                                                    ,                                a l                                                                                                                                                     4 1

5 6 7 8 9 10 11 N O N E u 18 ( 14 15 16 17 18 19 l 1 20 I 21 22 28 24 j 26 26 l i 27 28 29 80 81 l 82 88 84 85 86 87 e , 88

                                   .                                                                                                                89 40
                                                        .                                                                                           41 TOTAts                                                                                                               42'  ..

b 4

                                                                         ,, ,                 --.,w,         , - - , ,    , - - .              -            . , . -

 ..                                                                                                                                                          . i
                              ' .O .F.. .Wa.' uM.03..L IG H.T...AN D..P.O.ER, .. KSAP. NEST.

a nnuai rep.<1.v. . .NW ,r'.. .....v.., eae., o.c...., a i. i e .a i I PURCHASED FOWER (Accourit 555) (escept interchange power) .

1. Report powes purchased for teenle during the year. Authorities. For each purchase designate statistical classi.

Ezelude f rom th!a schedule and report on page 66 particulars Seation $n column (b), thus: Arm poeer, FP; durop or coreerning interchange power trananctions during the year. surplus power, DP other O, and place an "a" in column (c)

2. Provide subbendings and elaamily purchases as to if purchase involves import across a state line.

Nona-v4at.d Utisties. (8) g. Report wparately Arm, dump, and other power pur. (1) Ameociated Utilities, (2)Other Nonutilities. (6) Mun!- chased from the name company. Describe the nature of any ]N-Associated Nonutilities. (4) purchases etaamir.ed as Other Power, column (b). dpalities. (6) R.E.A. Cooperativa, and (7) Other Public

,, n. ., nn .c o.m.no

                                                 .;                                                                       (speciar *nech) j-          g                                        .E.

anc.e. eo,en... rrom d= a "b,[i e.;nt .: n.c.i,t i i a c.nin.cs u.nisir u.umum ana .. u.umom ag - ea o.mena o.meno Dem.no une () to (s) (a) No. (.) (t) (c) (a) Marlboro-Hudson 2500 NA NA 1 Pilgrim I - B.E. O 578 NA NA 2 Vennont Yankee 0 X Line 1310 NA NA 8 Maine Yankee 0 X 2102 NA NA 4 Wyman-Yarnouth-CMP 0 X 5000 NA NA 6 Point Lepreau O X NA 0 3551 NA 6 R WEC-Canal 691 NA NA T WWEC-Mix No. 1 0 X 591 NA NA 8 WMEC-Proj.#3-Mill. 0 X 2109 NA NA 9 R MEC-Proj. #4 0 X 235 NA NA 10 WWEC-Proj. #5 0 X 15972 NA NA 11 R WEC-Proj. #6 0 X 5000 NA NA 12 Taunton-Cleary Sta. 0 X NU tentville #5,#6 0 X 3500 NA NA 18 3500 NA NA 14 NU Middle #2,#3,#4 0 X 0 X 2452 NA NA 15 Pasny 0 1068 NA 'NA 16 RFA-Lawrence NA 3000 NA 17 N. E. Power Pool 0 18 19 20 21 l 22 Purchased Power Used at rower Plant and 28 24 25 . 26 27 28 29 30 81 82 38 -~ .1 84 85 86 31 88 (0 . ,. 40 f

41 f' u...+e

65

e. ee,emde,33,3,?,,, 1 l

d.nnueI rrport af..... TOW..QE.11.WSQN..L.KMA'..h.U.Q...N. W .R..P.ERMES. 4,T. ...v.e,,,, ,

I PURCHASED POWER (Account 555)-Continued _ (except laterchange power)

4. If recel t of poweris at a substationIndicata ownerahlp should be furatsbed whether or not used in the determination thust respondent owned or leased. RS; sellar (4 demand em Show in column (i) type of demand in column ,seding (instantaneous.16. 80. or 60 minutes latograted).

owned or SS.

5. If a Azed number of idlowatta of ri demand 6. The riumber of idlowsts hours purchased should be the of quanWse shm by the power bius.

u d sh wn i colo (f). The a 7. Explain any amount entered in column (n) such as fuel - idlowatta of ,r.asimum demand to be shown in columns (g) and (b) shouH be actual based on monthly readings and or other safuntments. - Cost of f.snet.ty (Ornit Cents) Cost Type of Vottase n,lowett. Der at Which hours KWH Demand Total I

               "**dI"8                                               Charges          C                  Che (O      ) Line

0) (m) (n) (e) (p) No.

(t) (D (k) ta 11%V 12,7D,987 1,H7,621 74,135 U,230 1,202,986 3.094145 1 4,568,443 27,649 9,075 168,715 3.036931 2 lA 11 W 131l,991 9 ~!86,030 1M ,454 49,596_ 13,493 247,543 3.026658 8 tA USV 173,027 ).083475 m nW 2',072,793 106,337 66',690 0-0 1,904,056 ).044502 4 s m UW - 42,785,915 1,789,989 114,067 155,874 312,521 0 468,395 ).029728 s m HW 15,756,175 7 301,103 10,937 0 312,040 3.159165 tA HSV 1',960,485 354,904 15,613 0 370,517 ).249311 8 m USV 1,486,162 3.10T46 -9 1,267,930 71,7/1 0 1,339,701 m 11 W 12,489~,560 175,215 ).125958 to 1A U%V 1,391',057 '167,221 7,994 0 l 16,M3,990 543,319 0 17,387,309 }.183844 11 r FA USV 94,576,428 HW 388',631 214',871 0 '603,502 3.078470 12 m 7,690',848-

                                                                                                                                              }.067692 18 276,537        217,339                      0        493,876 m                11 W       7,295',882 HSV       6',264,219            210,104        207,722                      0       .417,826             ).066700 14 tA 1A               11 W     17,168,456               M ,377                0                  'O         M,377             ).004915 15
                                                                           ~0        339,134'                    0          339,134           0.081615 18 ta                HW         4,155,274-ll%V       2,232,000                    0         50,976                     0          50,976           1 02283) 17 la                                                                                                                                         18 19    I 20 21 (836,785)                                            ( 23,326)        ( 23,326)                             22 OPRID 10 AICUH'549                                                                                                                                 23 24 25 26 27 28 I

' 30 31 l 32 33 84 l= 85 1' 86 87 88 39

40 41 TOTALS 243,170,Q2e 21.1A1.00 2.324.334 10.472 25.715.869 L W 77d 42

                                         ,                                    _- .-                                             _ ~ ,               -

i

l. IE F

IN1TRCHANGE POWER (included in Account 555) *

1. Re below the kilowatt-hours received and shaR be furnished in Part B, Details of Settlement for coordination, or other such arenagement, submit ag l Power. If settlement for any transaction copy of the manuel summary of transactions and bib- . o deli during the year and the net charge or credit Intercha credit or debit amounts other than for ings among the parties to the agreemsat. If the under laterchange power agreementa.' also inci j

2. Provide embbendinen end cleamity later leerement generation expenses, show much other transaction amount of does settlement W in thm not represent all ofschedule the charges for anysad r q'

as to(1) Associated UtiHties,(2 Na====aOther 4ated i- component amounts separately, in addition to debit credits covered by the agreement, furnish in a footnote : i- Non- or credit for increment ganeration expensen, and give 3 ,. (3) Asmodated Noeotill (4) Cooperatives, ' a brief explanation of the factors and prindples under a description of the other debits and credits and state o u ties, (6) MunidpaEties, (6) R. :E 3 {

                ' and (T) Other Public Aut!.orities. For each                    mined.inter.

If suchwhich such settlement otherthecornponent represents amounts net of debits amounts werefordeter-are indaded the year. the amounto and accounts i!

                .hhange mareas a state Hoe place an "z" in aciume (b).

3. Paselsmiers of settlements for laterchange power and credits under an Interconnection, power pooling, f

j. D '

A. Summary of Interchange According to Companies and Points of Interchange 71 1 - l

                                                  &3 c3                                                           g$ {c                                           Milowett hours                                                                      g'3 t

?

h,* -- 3

                                                                                                               $(.                                                                                                                 ,

Amount of ! Name of Company 3$

                                                  -4 Point of Interchange
                                                                                                                      -                Recolved                    Delivered                plot Difh
                                                                                                                                                                                                                                   ~ ~ - ' '       Z             >

j (e) (f) (g) (h) tine (c) (d). P i ? feo. (a) (b) ' 44,239,720 35,045,820 9,193,900 S 345,930.28 lixhn4trlboro 'Itm Iire ll5KV 1 NED"X " ' 2 (93,051) (93,051) (2,978.82) b, USED AS STATION POWER AND OLARGEI) 'IO (549) [

        -3 4

2 V

- 4 IU i 3 O 6 =E r, ,: 7 :e .;

r- : 8 b 3 [7] to r PO- > -

n :o f e m ats 44,146,669 35,045,820 9,100,849 1 ~342,951 46 4,7 i

r , 12 ~ f5 B. Details of Settlement for Interchange Power . u

                                                          '~              ~                                                                                                                                                         ,,,,,,,,,

L8a= 1*=nw et camp.ny c.,s.n.,i (D go i ; M*- U) :. i is NEPEX Energy Received by H.L.8P. - Econ m y 1,195,828.73

                                                                                                        - Scheduled Outage                                                                                                   91,703.33               $

15 - Unscheduled Outage 7,568486 $ ; 16 - Deficiency .00 I l (681,589.37) d 17 Energy Dollars from NEPOOL I Ouebec Net Savings Flux! (.31,846.85) E 18 maasimS .c (2z g--pe -:

o

m * ^L 'as.910.78 L ,

         #I                                                                                                                                                                                                                                                .?

i I f 5 : 4 * ,I

,,                                                                                                                                                                                                                                      57 1i inn.*i,ooen ef.....I9H#.. 9.E..H.V.9.f.9N..kt9.U..b#.9...P.0W.. 9.ER68T.WI.....ves, ***o-ww 3a. 91 n

si.ECTRIC ENERGY ACCOUNT !

m.ps,t b.io. = worm.neo .uw re, eenes,. nobs esposese or eisme one,,, -.w. ,u.a.sw. od ie meh. sew .=

r. . - :

i un. n. , - uovoueuri i No. (b) (e) , ! 1 SOURCES OF ENERGY [ 2 Generation (escluding station use): p : Steam............................,............................................

, 4 Nuclear................,.......................................................... 5,288,863 ,

5 H ydr o . . . . . . . . . . . . . . . . . . ....... ..... . .. .................. ................ !. 6 Other. . .miesel.L . . . . . . . . . . . . .... .. . ... .............. ............... 9,399,936 } 7 Total geoser.tlon . . . . . . . ...... . ..... ................ .................... 14,688,799 2 6 Pur chaans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . ..................... 243,120,929- l L 9

                                                                                                              'In (gross) . . . . . . . . . .                 .44,146,669                               - ******'

Interchanges. 35.045.820 ******* 10 ........ .. .. .......40ut (groes) . . . . . . . . . j 11 (Net (kwh).............. .. . ...... . 9,100,849_ , i 12 Reesived . . . . . . . . . . . * * * > '

                                                                                                                                                                                                           * ' * * ' ' * =

Transmission for/by others (wheehog). . . . .. .< Delivered . . . . . . . . . . .

[ 13 j 14 , N et ( kwh ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ i 15 TOTAL............................................................................. 266,910,577- , ' i- 16 , DISPOSITION OF ENERGY i 17 Sales to ulthmate consumers (including interdepartmental sales). . . . . . . . . . . . . . . . . . . . . . . . . . . . . '242,789,447

18 Sales f or ,emale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

{

19 Energy furnished without charsg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20 Energy used by the sempany (esoluding station use): i 21 Electric department only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 288,162: , 22 Energy losses:

23 Transmission and conversion losses . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,733,777

{ 24 Distribution losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

                                                                                                                                  .                               6,850,091                                                                     -

25 Unaceounted ior lossen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . '6.249.100: 26 Total energy loanes . . . . . . . . . . . . . . -. . . . . . . . . . . . . . . . . . . . . . . . ; . . . . ; . . . . . . . . . . . . . . . . . . . 23,832,968

! 27 Energy loesse as percent of total on line 15. . . . . . a.9292. . . 3. - 28 Total. 266,910,577 1 MOffrH1.Y PEAES AND OUTPUT

                                !. mape,t baseunder the taferenstlea alled for                                 to almen. .                   4. Sente type of meetMr pak ,udine ennenstaneous 14. 30. or 80 taaseus penha membushed meestly (m anlownem)                        een         output Us -                  mimetas latepeest.)

- hanowest oews) for the contemed eswee of einserie energy ,ueseedent. ~ A. MutMy euepet sheeM be the sum of 4'e nos semesetles: 3. Men sol. (b) should be sospendent's maelsness kw need as - nel plus or est in stue er a est .

measured by sum of its esinedemani ese genesatise and puseheses plus - or .. ,or the yen, eyes we has 16 vs. -

                                                                                                                          )
                                                                                                                                          - f8. I ,espeedent has eso er mese pseer eretoma set brei

ehenes. us pow Mt 8888'er ayueen.- ee t.dhe "el emersee**us en the - " enMed tw betoe eheuld be f in t essersoney varies she he ekswa en a foemete el e sygeman. -

as to the nature of the esesseener. L, s-

                                                                                                                        . Monthly Pesk
                                                                                                                                                                                                            . Monthly Output Day of                   . .

(kwn) - une Month Messetts - Day of Week - Montn : Neue Type of Hessing (see inst,. e) , 4 14 8 . (e) (b) (c) , - (d) (e) ' (f) ' (g) " 29 January. . . . . . . . 42,400 W at '23. 9:00 60 Min. 24,403,051- ! 80 February....... 39,800 'anday 12 8:00 60 Min.- -21,255,474i .1 ' i-al March . . . . . . . . . 37',800 nrday 11: 9':00 : 60 Min. 22,592,947 s2 Apr0. . . . . . . . . . 36,000 Mrday _1 9:00-' 60 Min'.' ' 20,492',221~ [ 84 May . . . . . . . . . . . 40,000 June........... 42',000

                                                                                            'Reedry adday 28 28 14':00 15':00-
                                                                                                                                                                            ,60 Min.

60 Min. 21,710,256--

22,862,266 i 86 July . . . . . . . . . . . 44',800 T warhy 23 15':00; 60 Min'. 23,930,432 - '

sa August. . . . . . . . . 47,100 wxhesday 28 15:00 60 Min'.' 25,485,889. I sf bor...... 43,000- T.needsy _17 J12:00- 60 Min'.- 19,987,777 j 88 , ........ 35,900 M nlay 21 '11':00 60 Min. 19:272'3710. as November. . . . . . 38,100 Waheshy ~ 27 9:00' 60 Min'. 21,152,859' g 40 Doesaber. . . . . . 40',800 T earh/ -17 9:00' 60 Min. 23,764.695 1 41 . Tovas. 266,910,57i

      ,   . _ . . = . .            - . -. -, ;_                                ~m           -. . . - -                 ,---....-.~u._                             .         a : _ . - . . . . ~ .u..                         . .. _ ..

_ _ _ _ _ _ _ _ _ -- _ _ ._._ . - _ -_ m _ _ annu.!,t,.,5 et... TOWN..QE.1-1UDSON..LIGJiT. 6ND..fQ. WEB..DERARDE)8.T.......v , e, o .mx, si, n. 9,1

                                                            - GENERATING STATION STATISTICS (1. arse stations)

(Except Nuclear, see Instruction 10)

t. t a

                                                                                           . .. , 4 s.,4,.,

t, w ,s,. 4 v., ao .i.. . . . a.si.. si a.i .6 $ i. om s. .. . m.. 'o.T.,.i

                               .m , a . .. , a., . ,.w
                                    .. .                   .u                    m.r                             .          .   .a.w..           m              4.

gam, yg.ggg.;,9.w.o .y - m u. ~ .' .,. a.

o. me.am x. s. u . m .< .i .

g . g ,i .

4. - a

                                                                                                                                                                                       .             wr u.
                    , ,w. w i 4 .                                                              . a.1 4 ,u                                 i.
                                                     .. 4,
                                                                           , . i as                     a 6              .                                       ..
       .P.3 ,uc,            .....,

s. 4 ..

                                                            .                       .. 4..                   w u       u., a.w ,.,                    4                           w. m n ..
                                                                                                                                                                                         ,.6 i ..         h .n.4                                              i i

n.s s .. b

                      . .o ,w. .- ,

a.

                                                                      ,#. i, mi-4 ., w..

r w.e .how4

                                                                                                                                         .. ..a6. ===i      .

4s* .n.a,s. . ,.

                                                                                                                                                                                                       -. .< , i so: 4 kj Une                                               ,t.m                                                                  Pl.nt                                       Pient                            Pt.nt.

l'HMW _ Wh _ MT D PF TC 1 Kind of plant (steam, hydro. int, comb., gas turbine) INT. COMD INI'. COMB 2- Type of plant construction (conventional, outdoor becer, full outdoor, etc.). .. ....., .. ..., 1)tNENI'IONAL COtNENTIONAL Year originally constructed . . . . . . . . . . . . . . . . . . . 1897 1962 4 Year last unit wu installed . . . . . . . . . . . . . . . . . 1972 1962 5 Totalinstalled espacity (maximum generater name r plate ratings b kw). . . . . . . . . . . . . .... .... 16.150" 4,400 s Net peak demand on plant. kilowatts (60 min.). . . 15.2 4.4 7 Plant hours connected to load . . . . . . . . , .. . 921 663 8 Net contiruous phat capability, kilowatts: s (a) when not limited by condenser water. ., 15,200 4,400 to (b) When limited by condeneer water. . . . . . 15,200 4',400 j. 11 Average number of employees. .. ... .. .. . 12 12 Net senmtion, emelusive of station uw., ...,, 8,621,248 1,778,688 18 Cost oif plant (omit cents): 5,500 14 Land and land rights. . . . . . . . . . . . . . . ..... 15 Strvetures and improvernents. . . . . . . . . . . ... 332',768 16 Reservolts. dams, asi waterways. . .. , 17 Equipment costs . . . . . . . . . . . . . . . . . . . . . . . 3,040,025 712,054 . 18 Roads. railroads, and bridges. . . .... ... . .. 19 Total cost. . . . . . . . . . ....... . .. ..... 1.rm_907 719 ncy 20 Cost per kw of installed capacity. . . . . .. /222 '162 21 Production expenses: 22 Operation supervision and engineering ... . .. .. L 21,451.02 23 station labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174 ~,768'. 68 24 Fuel.......................... . ..... 264,747.50 . 25 Supplies and expenses. Including water. , . .... 56,892 06 26 M aintenanee . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159,518,70 27 Resta...................................... 28 Steam from other souress . . . . . . . . . . . . . . . . . . . . 29 Steam transferred-Credit . . . . . . . . . . . . . . . . . . So Total production expenses . . . . . . . . . . . . . . . . . . 677,377.96 81 Exponess per not Kwh (5 places). . . . . . .... $ 0.072062 82 Fuel: Eind #2 DIESEL NARlRAL GAS 83 Unit: (Coal-toos of 2.000 lb.) (00-barrels of 42 sals.) (Gas.M 4.u. ft.) (Nuclear. indiente). , . . 42 Gal M Cu Ft. 84 Quantity (unita) of fuel -M . . . . . . . . . . . . . 3747 82073 y 35 Average heat content of fuel (B.t.u. per Ib. of coal, F per gal. of ca. or per cu. ft. of gu)... . . . . . . . . - 140,000 B'IU 910 B'IU as Average east of fuel per unit, del. f.o.b. plant.. . . $2.07575 E F 87 Average cost of fuel per unit .aa.nned. . . . . . . . . $ 25.1892 BBL- $2.07575 K F 38 Averese cost of fuel consumed per mD11on B.t.u.. $ 4.28393 $2.28106 l 39 Averego cost of fuel consumed per kwh net sen.. $ 0.02816 l 40 Averese B.t.u. per kwh net generation. . . . . . . . . 10298 41 42

 .               -2    -    om    . , . . , . , .              -_i.,,,,,_-,..-,,,--                          -.,_w.
                                                                                                                              ,av..          ,    ..._w,,--,-,,             _ , , . n,    +.             . , , -             , , , ,     -,,,,.,,-w-+

              . .. , _ ,_                 .              . . ~.~                 .                                         - . . . . . . . , . - . . .                   .        -          - -                 -          - .

(' . j POWN OP HLTD90W LIGHT AND TOWEB DEF&am ?

        -- .k 4

a. . -;
I-L !

- I

.i i-

'f l'

- The Hudson Light and Power Department: is al-.07737%, owner of-l~

Seabrook Unit.(1 located at.Seabrook,J-N.H.-,The accounting' . system is based on;the'FERCl system of accounts.-:-Fuel costs; are based on an amortized-bases.of.KWH generated over the o[ anticipation cycle life of the' core. These costs are..

?.

L

                                       - determined by using-an energy-weighted' average =for each                                                                                                                                            !

j- batch of fuel in the reactor. Disposal.:costsi of 1 mill.per ; i KWH generation are based on current costs of disposal. The - unit is a fully enclosed unit with a not plant capability-of- : i- 1150 megawatts. Total installed generator-capacity is~1197. ~

t ! The unit burns U3 0-8' fuel. i: -q i I'4- . i +k i e t : I . 1 e

-~

4 4 1: r e

         .                                                                                                                                                                                                                                   ?

A 1 S 5 r. J'. . 1-t' E . a 1 4 f -, 1 ~ s m J n py WWE7.y -, eg.--y. -y- kg*. 's-h r(a 3-*.g er4 ,+*p-g' % d% l -9 g #ngypg a 9 q$ erg g g 4- g- g h-g g q q. agg- .yN .fi h 'y1.,,g g q. m a ws q y gy g y y g .e . Mf

l H f0pH OF 11UDSON 14GtiT AND P0tER DEPARTMDR s.nnue l report et. . . . . . . . . . . . . . . . . .t. . . . " . . " " " " " " "" " " " " " " " " " , " " " " + + + + + + * * * * * + +

k GLNERATLNG STATION STATISTICS (Large Sesdone)-Condnued ,

(Escept Nuclear. See Instrueden 10) ' d et*'*i ee mth a euevenheenieemam unat the one twti-w shawad WWude 847 as ehe.e es list St. mth she massa eenenes. L The itsens under eues of plaat sad predesga wmwe to. m

                                                                                             -w.I,f she.r.u.e.e,edent operate a an.e.lsme pesar se.n.ar.m.eine e,e,u.es

( . - - - e,

esse.e,

                          = w~.-sha-- w -==,_m ,e,,,d
                                                                     ,,4,,,e L

g,,- e ., po , se e-. r.2%d, .o . ,. e .se em.e.e. e,.e, ,e e e s. m. re . ar. as etmanded - co *W -Peew i 7 Mp4F w h .. spentytas the namounces mesheds med

                                                                                                                                     .re r .p    . e. .he .

of esos ensei esed ma esse, and (e) emeh addsteena4 '

g. If mar plant he equipped with enabiastlem of W. Internal rupees Wormstes to theas verwes may war.peannese be he ofthef oneeurmans 6me erpo of pneet hand et esetmsmee amene er one marense equipaust. met M a**fted as a feet emed, and enha phrenmal sad Opertung ebarnsterwhos of the p4sek wearste plaat 88*eoer. If a one martmee meat funenses in a enntnaed - .r-No"t M* "I I* "I M*1 L'"o*.

       -              Pte,nt g)                       (f)                       (8)                       (h)                          (t)                     II'D"I

( N 1 9 2 3 4 5 6 7 8 9 10 11 12 , 13

                                                                                                                                                              .                 14 i

' - 15 i . 18 i 19 20 21 22 I , 23 i 24 l 25 26 27 28 29

30 31 32 L

l 33 l 34 35 36 l- 31 38 ! 39 40 41 I 42 rep *w *'M +eF + pi f

C.2 , t N TOWN OT ilV000N LlowI AND PCELE ;I"5 .

                                                                                                                                      .Teerended De.etbe- );                                                                              .s annwel re port of. . ..     ..         .

STEAM GENERATING STATIONS j lessor, date and term of leue, and annual rent. Fo, eny l

1. Report the informstjon called for concerning gener. generating station, other than a leued stauon or portiwn sting stations and equipinent at end ef year, thereof for which tb6/espondent is not the sole owner bst

2. Endude from this schedule, plant, the book cost of which the respondent opersses or shares in the operation of. '

which is induded in Account 121. Nonutility Property. forniab a succinct statement explalaing the arrangement nrd

3. Designate any generating station or portion thereof giving particulars u to such matters u percent ownernir 11 such for which tbs respondent !s not the eNe owner. by respondent, name of co ownar, buis of sharing ou4ut.

property is leued from another company, give naine of Soders Rei.e wes. Reted Meted Continwowe Hornber Kind of Fwei u ins. Steam tocation of Stotion Presswe e steem Home of Stetton and Year and Mothed T e m p er eiw'e* ror %r

                                                                                         $r Firing            in abs.

inetnIIed (e) (') (a) Line (c) (d) (e) (b) No. 1 2 3 4 5 6 7 8 9 10 11 12 NOT APPL ICAB LE

13 14 15 16 4

17 18 19 20 21 22 23 ,

24 25 26 27 28 29 30 31 32 33 34 .' 35 36 I- 37 i I Note referenecI ~

Indicate rehet boilers thusl>t 1050/1000.

1 I

                                                                              '                                                                                        61 annwei report et. ... .. ..
                                         ..f.0..W.N OF HU..DBON LIGt!T AND P WER DEPARTEEER.......... Year ended oecemter 3g, t99.l

n ---

STEAM CEtRRATING STATIONS-Contfaued espeems or revenues, and how aspenses and/or revenues are 5. Demanate any plant or equipenent owned, not oper. accounted for and secounts atreeted. Specify if lessor, ated, and not leased to another compaar. If such plant or

 .I            co owner, or other party is an annodated compan .                                  . equipment woe not opersteil within the poet year explain

4. Dwignate any senarating station or on thereof. whether it has been retite<'. La the books os account or what leased to another company and give came et emos, date -nd disposition c( the plant or equipawns and its book cost are term of lease and annual rent and how determined. Specify contemplated.

whether lessee is an aseodated company. Turbice Generators

Nerne Ptete ReUng l in KHowetts Stetton Steem Hydroeen Cepecity I"" Preeeureg At At Mes6 mum

                                    . et                        Minimum              Menimum                         __

w voltage ' Meme Plete Y ear factor K.v.f t Instelled Trpet N'."I

R.P.M. Hydrogen Hydrogen A*M g,g n,

                                    '#I'                         Preceure            Pressure        Min.       W e s.

pse. (l) (m) (n) (e) (p) (a) (r) (h) (t) (0 (k) 1

                                                                                                                                                                      -2 3

4 5 6 7 8 9 10 11

                                                                                                                                                             '        12
                                                                                                                                ~

I3 NOT 'A P P LIC ABL E 14 i l 15 16 17 18 19 20 21 22 23 L 24 25 26 27 28 29 30 31 32 33 34 35

36

       -C                                                                                                                                                              37 TOTAL 51 e

Note references: ,

Report crnmompound turbine.senerator snits on two Hace - H.P. section and LP. section.

                      !!ndicate tandem-compound (T.C.): cross compound (C.C.); all single essing (3.C.): topping unit (T). and noncuadensing (N.C.). Show back pressures.

1 Designate air cooled generatore. 1t!! other than 3 phase. 60 cycle, Indicate other characteristic. 11Should agm with column (ml. l-

                                                                                          -   -n,         n <,                     _            , ,        ,

_. _ .. . _ . _ _ _ . _ _ . ~ . . . _ . . _ _ _ . . )- . - - C f0CH OF HUDSON LIGHT AND POWER DEPARTMEU2 i .. . ..... . ..teer enood Decemoen 31.11)l.

annwei r oport of.. ..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... ,

IlYDROELECTRIC GENERATING STATIONS . t

1. Report the information called for concerning gen. rope fessor,rty date is andleased term of*from lease,another and annual company, rent, For any give name of -

erating stations and equipment at end of year. Show generating etation, other than a leased station. or portion : i annociated prime movers and generktors on the same line.

2. Euclude from this schedule, plant, the book cost of thereof. for which the respondent is not the sole-owner which is included in Account 121 Nonutility Property. but which the respondent operates or sbates in the oper-

3. Designate any generating etation or portion thereof . ation of. furnish e succinct statement esplaining the ar.

' for which the respondent is not the sole owner, !! such rangement and givbg particulars as to sue.h matters as ' 4 water wr-eeie i ' Gross Static tocauen idemo of Stroom anenose o, type of year weaa .nn j Name of station Unettenced Unit' instelied Pond Fun i une (d) (e) (f) (g) Peo. (e) (b) (c) f. 4 1 L 2 l 3

4

< 5 6 i i

s l 8

! 10 l 11 12 13 NOT APPLICABL E 14 . l- 15

16 17

;         18

, 19 i 20 a

21 l 22 23 24 j 25 i

26 l 27 I' 28 29 30 31

. 32 a

,           33 34 35-a             36

. 37 . M_ i $ 39l 't 4 s

.\

z- p !' 'Horizontsi or vertient Also indicate type of runner - Francia (F), flmed propeller (FP). automatleally l~ adlustable propeller (A.P), impulse (I).

ca Annu.i re,e,t ev....... ... TOWN..or...HUDSOR..LIGH.T...AN D..P.0MER., DER.AR'IMG.T.y'., coe oe .,e, u, g, 91 -

                  .                                               HYDROELECTRIC GENERATING STATIONS-Coatiewed I                             t of ownecAlp by rapondent, name of cooner.

Nd sharing output, uponess, or revenoes. and how Spedt whether

6. besignate an la en emodated eene er equipaesat ow not

[ expenses and/or revennes are meesueted for and accounta sted and not leased to esecher ansepaav.N. asected. Spedfy if lemor, oo. owner, or other party le sa or equipment was met within the past year erplein amodated company. whether it has been la the boeke et aseeunt er what

4. Designate any gaaerating statloa er pertion thereof ~ disi;osition of the plant er equipusset and its book east are leased to another t and rive name et lessee, date ecotsnapisted.

and ter;a of lease annual rest and how deteralmed. 4 , weter wneens-Centirwed Generatore Teestinetse6ed esentmum be. Mme reses mmter -t _ __ ,. Copecity of Frv. Asung af of Ca mchy in sul. Unit et Yeer euency Unit la Units in owette(resne oeste Head M.P.M. oesign Head laatsited Voltage Phose et e4. tutowette Stetsen wie touage) uno (h) (1) (D (b) (1) (en) (n) (e) (p) (g) No. 1 2 3 4 l 5 i 6 7 8

 -l                                                                                                                                                                                         9
 -i 10 a

N O T A P.P L ICA TLE 11 It

                                                                                                                                                                           .e              18

( 14 15 16 17 18 If to 21 22 as 24 25 l- ss et 28 .

                                                                                                                                                                                          .S 30 31 32 33
                                                                                         't -                                                                                             84

_85

            '(                                                                                                                                                                            M 37 38
                                                                                                                  ' TOTALS                                                                U l.

  ;   C4 Aaavei 'ecort *L ..TQf*,J .GF.*WJDSON . L Mrr. AND POhTA Db WTTG/P -
                                                                                                                      +  - "                        ' ' "* " D "' * " ' " N                                        .

COMBUSTION ENGINE AND OTHER GENERATING STATIONS -

1. Report the inforn.ation called for concerning gen-(except nucJear stations) reper fessor,ty is term date and leased of lease, from and annual other than a leased stadon, or portion another rent. company, For any -

(l sive Iname oratin stations and equipment at and of year. Show asso-cisted time movers and generators on the same liae. generating for station, which t he respondent is not the sole owner but i

2. clude from this schedule, plant, the book cost of thersof,he which t respondent operates or ehiares in the operation J uhich is included in Account 121, honutility Property, furniah a succinct statement explalaing the arrangement

 '             3. Designate any generating stadon or portion thereof                        of,d an giving particulars as to such matters as percent owner.
         - for which the respondent is not the sole owner. If such r m. . e.e,s d                                                                                                                                                                                 Betted f                                                                                  Oleset or                                                          Toer         2 or 4      or Ostect Loc.ation of Station                other (ype                                                     .

instaHed C)tJe Connected Hame of Station Engine Home of Waker (s) u) (e) - to f Une o) tc) j no. t.)

ttrtin W 9Cb 1951 2 Dinrt i Ceny St. Hr+rn Diesel Dittet 1 O m y St. ttrtber94fg Cb 1955 2 8 Orny St. Omy St. Hr+rn Died. 1960 2 -

Dinct j Itxthg+fg Cb s Omy St. Omy St. thitn Diesel 0xp=r-Eesmntr 19 72 4 Dinn Omy St. thim Diesel j 4 Orny St. 6 6 j 7 l 8 8 ' 10 gh Licpt Faittanks4trw 1962 2 Dinrt 11 Ibtity Plt. Omy St. Hdrn Diewl i 12 luim Light Pairbanks4trse 1962 2 Dinrt 13 Peekirg Plt. Omy St. Hrkn Diewl l 14 ( i 15 16 17 l 18 j 19 20 l 21

2 u

24 25 26 27 , 2s j_ ss 30 ; 4 31 l 32 u i 34 35 36 37 38 : t

(

                                        \
                                         \

p _ g-- , , ---w_g ,y - ltN'f-'TrN="r'*-*WWy wp y vrW,-+--g#w+Wariwe -,yg*

63 Annu21 reoort st.......'IC14L C5'.. HUDSON. LIGHT.. AND., POWER. DEBAR 3 TENT.................. veer enete cocomtier 31.18% COMBUSTION ENG*NE AND OTHEk GENERATING STATIONS-Gontinued j . (except nuclear stations) ship 'ay respondent, name of owwner, basis of sharing - ' Specify whether lessee is na assodated oom . output, expenses. or revenues. and how esT== and/or 6. Dem'gnate any plant or equipment o . not oper-revenues are accounted for and secounts afecte.i. Specify if sted and not leaand to s'nother eompany. If such plant

                                                                                    . or oculpment was not operated within ?be past year, explain lessor, co. owner, or other party le an nanociated company.

4. Designate any generating station or port.a thaeof whether it has been totired la the boo os secount or what date disposition of the plant or equipment nad its book east are leased to another com'may and give name of leanne,ined. contemplated.

and term of. lease and annual rest and how determ A Prime Movers - Continued Generators Total Installed Tc*al Retoe hr.. j Nonne Ptete .- Number Generating Cepetity Itated hp. of Station . Yur Frequency Fatir.g of UnR of Units in IUtowetts Pritne Movers Installed Voltage Phue or d.c. I in Kaiowetta in testion (nome piste relines) Line of Unit (p) No. (D (IL) (I) (m) (n) (o) (h) (1) 42 % 42 % 1951 4160 30 60 cyl. 3300' 1 3000 1 60 cyl. 4000 1 3600 2 5100 93 % 1955 4160 30 4250 13600 1943 4160 30 60 cyl. 3250 1 3000 8 60 cyl. 5600 5600 4 7760 213M 1972 4160 30 1 5 6 7 2 8 9 3168 1962 4160 30 60 cyl. 2200- -1 2200 .10 3168 11 4 3168 6336 1962 4160 30 60 cyl. 2TJO 1 2200 12 13 14 , j 15 j ( 16 17 18 19 to 21 22 23 24 25 26 27 28 29 30 , I 31 32 ' 33 84 85 I 36

       '                                                                                                                                                   37 88 votA .s     20,550             6            19,600                39

2 g' GENERATING STATION STATISTICS (SniellStatione) *

5. I! peak demand for 60 minutne is not avail- .

1. Small generating stations, for the purpose of this er operated as a joint facility, and give a conome able, give that which is available, specifying period. ;

ochedule, are steam and hydro stations of feas than statement of the facts in a footnote. 6. If any plant is equi with combinations c( i !

3. IJst plants mooropriately under subheadings for ion engine or gas tur- .

2,500 KW* and other statices of less than 500 KW* steam, hydro, internal com In=# n=d capacity (name plate ratings). (*10,000 KW steem, hydro, nuciear internal combustion engine sad bine equipment, each should be reported as a separate f' and 2,500 KW, respectively, if annual electrie operst-gas turbme stations. For nudear, see instruction 10 plant. Ilowever, if the etheust heat from the gas ig ing revenues of ., - ht are $26,000,000 or more.) page 59. turbineis utilisedin a steam turbine regenerative feed o-4. t--*pof kilowatts. -y if totalplant espacityisreportedinkva water cycle, report as one plant. E

2. Dgalenste any plant lemmed frens othere, operstad

               - under a lieshoe froen the Federal Power C-
                                                                                                                                                                                                                                            '-* n                                                                                                                                                                                                                   Fose Cost Z.

I Production Espenses Emetusive of C .Jeth Per KWH N Not Plant Not M fneteeless and Teges Generation Cost Generetten Copecity Peak PerKW (Ornft Cents) Kind g , peeme . Deenend Emeluding of (CeMs) : c. Mameof Ptent Cost of Pfant feet. Veer Piete Kw Station Use sunut Cants) Copacity Labor Fuel Other Feet .(0.0000) . e 'F Cenet. Itating KW (40 M6n.) (s) (h) (f) (D ' (k) (t) In Line (*) (f) 90s. (e) (b) (c) (d) h

*~

i F 1 g n 2 p: a d. i : 4 > Z , 5 ! e P D 7 b

- E

s tn 9 NOT APPL I CAI LE :o 10 e .

11 g y 12 :o 13 g

T 14 i' 15 [n H.

, 16 : 3 17 :- 4 18 3, 19 * .i N { a- .. 21 .' 22 . k 2s . 1 . 24 ?. . i., 25 , 4

  ,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  -        st e

20 c

                                                                                                                                                                                                                                       ~ ~ '                                                                     >                                                                                                                                                                  v_           ,

23 !IOTAEO

                                                                                                                                                                                                                                                                                                                                                                                                    .                                                                                           l l-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                e              -

____1_ _ _ _ _ _ _ _ _ _ _ _

                                                                                                                                                                                                                                                                                        .I                                                                                                                                                                     . .              .           -

e-TO'li OF HUDSON LiCt!T AND POWER DEPARTMENT

                                                                                             . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Y; e r cnt ed D et im tta 31. 1 ( '. .

A nnwe l r e post of . . . . . . . . . . . . . . . . . . . . . . . . . ... . ... ... TRANSMISSION LINE STATISTICS Report inforation conds trason hen as indeaW Wow. oesisaet8ea L*"8th (P M H'O Opereting Su ing on btrveturer of on Structures of N ber to

                      ""                                       y*                                                          une o.oisnetoa                     Areth < ua*               carevais      eno u.ieries un.                                                                          v.ite r.        structure (c)                (c)                             (*)                             (f)                 (s)             (h) s..              ces                                      (m)

(!

dar l-Hud son Forest Ave. I rown Line Substation ll5KV Steel 3.2 2 336./ MC 4 2 at River St. Hudson Poles ACSR 3 "Linn ;" 4 5 6 7 8 9 10 11 12 13 14 15 16 17 . 18

)'

19

20 21

23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 42 43 2 44 45 46 N 47 TOTALS 3.2 *None 2

              *Where othe than 60 cycle. 3 Phase. so indicate.

                                                                                                                   --                - . -              .                   ~           _                                        - .-             ...

SUBSTATIONS g

                                                                                                                                                                                                                                       .de   . .s ,, a
                                                                                                                                                                                                      >.      ehe                S .e       h
                                                                                                                                            .s     r.   .s     ch     h.              .t    4. .

e d ae.- e . m d,.oF.e e <b ab. :_ -_

s. a re bd th .s.r . s d or o n.d,.w r e b ..= .

                                                                                             .s., we e -e
                                                                                               .d._.

her ; ___ .e d .h a -e.sh., d e . y h .e . . . e.d ;

            .e in me,       d,u    .e in.

eherb .cew. h.s r4 4 ers.s .e .er.gt ss y .ta d.d e as.nd d.

                                                                                                               . w       to. d np .-                           eh
                                                                                                                                                                             .i 5.a eeher th      e r m a .f ='e       w='* ** *. .-*               ,a8 -       -
                                                                                                                                                                                                                                                                       < e, 3                                                                           a. saw se 4                                             _
                                                                                                                                                       -r-           -e                                         8 .8**.=e.
                                                                                                                                                                                                                         *. ..-.ad  s .es.
                                                                                                                                                                                                                                         - _=.d* _ **                    2
                  ! '. .h b                                           t sh         rr me ewe ewese                    _-=.d                                          .r.e.es  esh-p rer e.ar*.sa .h= ==.a.

h.

l. kW . de.emL

a. s.a id. e a..

                                     . s d br-.d.r.
                                              . .a s th acos s .                        s           e e n.e.s,..                                                 d ir e       e a s.d                 I             Mdp 4. *. rte m .4.rgiae M.                          ,
                                                                                                                                                                                                                                                                         +

r.h rsy s., .i. y he . d .c di.e

                                                                                           & tes g e                    .e     .e e.ss. of                 'em er.w.ea       Betty e.       m et.d N.F-.

e,

e. $_ .

                             ;*, cr.w, t t th. .m  . h r .f      se i^ '_ _ _ sens.t      ^ , n *_ .         d      hmsw                       d        -      eh    by           .

h, .h c .ama Apper.e .ad so.c e te.e 4 csier. cia vori g ,, ,

                                                                                                             I                                 s bet.inen         etTre           of sper.                                            W                  t ea.8 so              Y,.                                                                C.p.cey

_ See.pme.ad tec. teen et s.bstation 5 6*'*"** s.c 3. h,. Y rp. .f Eg.4pment of U wee Pulm.fy ofy T.ril.ty (in s rwace) in S.evec. seem (*7 r. (i) W (b) g (4) (.) (f) (a) o t (t) (c) __ e, (.) . 5

^'

19,200 2 None None None None - Unattended 80001 24001 Not O

1. Cherry St. Hudson, MA 13800 4160 Brougt:t 2 Distribution :

Out c, 3 4 ~8

5[w> test Ave. Hudson, MA Unattended 8? 13.8 Distribution 80,000 2 Nor.2 None None None :

7 g, Diesel Tie 115KV 8000i NA :

13800 I.f* 8 Tie with NEPCO > I .a 9

                                                                                                                                                                                                                                                                           - '2 13

-s o

a.l 12 w IS 14 :e 15 :n is :" 17 IE 38 .e 13 20 21 , 22 '

        =                                                      l                                                                                                                                                                                                             ;

24 ; 2s ? 26 . 3 27 ; 28 , y 29 -

                                                                                                                                                                                                                                                       ~          ~~
                                                                                                                                                                                                                                          ~

30 i ,, 31 TOTAts , , ,w ,w.- *1 - g % 3'

49 aaa.,es ..e es.. ......'IUW..OE. ELOSQtl .LIGAT. . AtD .POr4:R DEPARTM2fr... ...........*ne ea*o one.a*.e 3 8. I tP A. OVERHEAD DISTRIBLTTION LINES OPERATED

       /*                                                                                                  ,
                            .                                                                                                     t aso,cr.i. wun) un.

n.. w a rwee si t .,. v.t.: 1 Ma - Beginrans of Yo.r. . .. 181.1 181.1 2 Added Dudog Year. . . . . ... ! 3 Retired Durirg Year . . . . . . . . . . . . 4 Mues- End of Year. . .. .. 161 1 181 1 6 6

                  'T
 ;                 8  Dietribution System Characteristics - A.C. or D.C., pbane. cycles and operating voltages fw IJght sad Power.

9 10 Privnary distribution at 2400/4160Y, 4800/0300Y, 8000/13800Y volts, 60 cycle, 33 3 phase secondary power at 600 volts, 60 cycle. 3 phase 3 wires 480 volta 3 ' 12 Phase, 3 wires 277/480 volts, 3 phase 4 wires 220 volts, 3 phase '3 or 4 wire 13 120/200 volts, 3 phase, 4 wire lighting, heating and air conditioning e 14 120/240 volts, 120/208 volts, 60 cycle single or three, phase. , 16 11ECTRIC DISTRIBUTION SERVICE.S. METERS AND LINE TRANSFORMB%8 Lle.e Teenstormers w en., ev .- i.ma Lla. El.ctric We tt-h.wr Cepeefty l r u.. n s.,we u .i.r. ww.ne.< <==> is Number et b.sinains of year . . . . . . . . . . . . . . . . 7653 10,497 3174 89,790.0 17 Additions during years is ******* 1,100.0 Purchened . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 27

                                                                                                                           ****                          * * *****         **          I 19     I nstalled . . . . . . . . . . . . . . . . . . . . . .              .

84 20 Amnoasted with utility plant seguired. . . . . . None None' Nnno Nnne

                  !!        Total additions . . . . . . . . . . . . . . . . . . . . . . . .                    84                       100                     ??              1_1nn n        !

22 Reductione during year 23 Retiremen ta . . . . . . . . . . . . . . . . . . . . . . u . . . 55 159 None None 24 Associated with utility plant sold. . . . . ,, None Nnne Mnnn Mnno l 25 Total r.du ctione . . . . . . . . . . . . . . . . . . . . . . . ss 1qq uw am ! 26 Number at End of Year. . . . . . . . . . . . 7 p,g ? 10.41R 3201 90.890 0 27 Instock................................................ '601 350 14,193.5 28 Lock.d emeters os custoteers' premless . . . . . . . . . . . . . . . . . . . . None Ibne None 29 Inactive tramaforsners se systesa . . . . . . . . . . . . . . . . . . . . . . . . . . . .Ibne None None 30 I n customere' use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,812 2843 76,562 5 31- I n compa ny's use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 8 134.0 32 Number at End of Year. . . . . . ... ... .... . 10,438 3201 90,890.0 _ i l 1 we-- y--- ., y- ,#,w.e,,e, ,n.. c., m

                                                                                                                                                     --                     - ._. -                 . _ .           - _ - . ~ .

s . J 4 . . 6 4 .r ' ) CONDUIT, UNDERGROUND CABLE AND SUBMARINE CABLE-(Dietributton System) Report below the information celled for eeneerwieg eendelt, vndergresad ceWe, and nebmarine ceWe at eed of year. I( i j und <ee ad Ceb8* S**""* C * *** uses o's coad se e a=

i

       ,,                       o. 8saeisea et uadenseewad otsattevisea Srs'*                      (are senee end freee         wmee-                   Ce+'e'Saov *"***      '****              0* ***"* 8 '#** ' *

! (b) (4 M I*I N q) pee, e (e) j _ 3w' ' 3 Route 495 Underpass .1 .1 13,800 j ! 2 Harvard Acres Estates, Stow 6.5 6.5 13,800 i :o i 1 s 1 3 Meadowbrook Mobile Home- Park, Hudson 1.8 1.9 13,800 i rc ,

4 Colburn & Margaret Circle, Hudson .O .2 4,800 jo 4

6pein, Felton, Central St. Hudson

                                                                                                              .7                   7                           13,800                                                            j, 8 Seven Star Lane, Stow, MA                                                                           .O                  .09                              4,600

ig
7 Forest Avenue, Hudson, MA 1.5 1.5 13,800 ig

      '8; uniper Estates, Stow, MA ,                                                                          .5                  .5                           13,800                                                            ie 4        S Carriage Lane, Stow, MA-                                                                            .O                  .14                               4,800                    l                                           !
                                                                                                                                                                                                                                 }[

13 Brigham Circle, Hudson, MA 13,800

                                                                                                              .9                  .9                                                                                              i*J
                                                                                                                                                                                                                                 ;E 31 Rustic Lane, Hudson, MA                                                                              .O                  .2                                4,800                                                                t j

l 12bildwood Subdivision, Stow, MA ~ 13 Birch Hill Estates, Stow, MA

                                                                                                              .O 3.3               3.3
                                                                                                                                  .6                            13,800 13,800
                                                                                                                                                                                                                                 }t le Appleton Drive, Hudson, MA 16 Cedar Street, Hudson, MA
                                                                                                              .1
                                                                                                              .03
                                                                                                                                  .1                            13,800 4,800 2"
                                                                                                                                  .03                                                         ;

4 16 Country Estates, Hudson, MA .

                                                                                                              .O                  .34                               4,800                      ;                                  W W Deacon. Benham Drive, Stow, MA                                                                       .O 18 rorest Road, Stow, MA                                                                               .O.
                                                                                                                                  .07
                                                                                                                                  .22 8,320 8,320 IS Prancis Circle,-Stow, MA
                                                                                                               .O 7
                                                                                                                                  .1                                4,800                                                         Z 20 Qiren Circle, Hudson, MA                                                                             .O                 .07                               8,320                      g j

23 Sain Street, Hudson, MA (Whispering Pines) .11 .11 13,800 ; E 22 ;1en Road, Hudson, MA .24 .24 13,800 23 3righam Street (Valley Park) Hudson, MA .14 .14 13,800 I , 24 3righam Street (Assabet Village) Hudson, MA .19 .19 13,800 26 Chapin Road, Hudson, MA- .07 .07 33,800 26 Cahill Raylor Road, Stow, MA .25 .25 13,800 0 27 Great Road," Stow, MA 28 Digital, Kane Industrial Drive, Hudson, MA

                                                                                                               .07                .07                           13,800                                                             [
                                                                                                               .05                .05                            13,800                                                             {

29 Peter's Grove, Hudson, MA .05 13,800

                                                                                                                                  .05                                                                                               ;

30 Johnstop Way, Stow, MA .20 13,800

                                                                                                                                  .20 j

31 liudson Town Hall, Hudson, MA

                                                                                                               .08                .08                           13,800                        -g                                    j l 32 ISudbury Road, Stow, MA Off Pole 121
                                                      ~
                                                                                                               .23                .23-                          13,800                            t 33 Trarmenter Road, ~ Hudson, ~ MA Off Pole 16-1                                                      _in                  in                           13,800                   -
                                                                                                                                                                                                                                 .I as l                                                                             Sofats           17.71              19.34                     0                  *:-                    '                                 ;

c-

Indicate number of condweters per emble_ e 4

                                                     -%.    = , - - ,        -      -                           c        ., .            _ - . , , . - ~ , - - . - - - -         -.-.,6m                  , - . .                    , ,

r~

                                                                                                                                                                                                        .a CONDUIT, UNDERGROUND CA1.1.E AND SUnntARINE CADT.E-(Dlatetbestlace Sr. tem)

Repcet below the Informstlen e:11ed for concernine ennduit, underground emble, and rabmarine cable et end of jest.

                                                                              -                                                                                                                  { *>

3 5****d** Ca*8*

Und.<erevad cette um...e cead.it e. a $

ua. O ' :'8 "* "'a """** O"6*

S 7"'* <asisi... .a. 7r ,.33 ins - ca.c.tiae v.ei.e. *****' o**'+as ve** e'
re t.) m ao m (+) < f) i.

i 1 Technology Drive Hudson .28 .28 13800 - j 2 Reed Road Hudson .11 .11 13800 i s T,entral .St Hudson .06 .06 13800 ,j 4 Washington St Hudson .10 .10 13800 {, s Barton Rd. Stow .26 .26 13800 g a .Caoceway St Hudson .12 .12 13800 g 1 Off Harvard Rd. Stow .07 .07 13800 - t Otsego Drive Hudson .58 .58 13800 Is s Off River Rd Hudson .05 .05 13800 ' M to Seneca Drive Hudson -

                                                                                                          .06                  .06          13800                                                 M

Hazelwood Drive ?fudson .24 .24 4160 i-32 Haura Drive Stow .19 .19 13800 M 13 Oneida Drive Hudson .29 .29 13800 $

te Chabot Rd. Hudson *

                                                                                                           .22                 .22           13800                                                L is       Beechnut,Rd. Hudson                                                                           14                .14          13800                                                ~5 1s      Bonazzoli Ave. Hudson                                                                         16                 .16         13800                                                6 12      Red Acre Rd. Estates Stow                                                               1.08                 1.08            13800                                                 y IS      Merritt Drive Hudson                                                                        .09                .09          13600-                                                 P, is      Orchard Drive. Hudson                                                                        .50                  50        13800                                                  i,,

to Ashford Meadows, Hudson .69 .69 13800 . y 2 21 g 22 F 23 . 24 .

25 26 :, 21 ~ j 28 23 -

       >y e

at j 22 : 33 3 34 Totats 7, q 7 7_q7 h,

           'Indiente nomher el condweters per enbte.                                                           ,

m M ) " ^ _m

                                                     -                 . - ~ - . _ - - - .                        .   .           .        __      ._ __             _,      _ ,
  *                 &anues essert et . .. TOWN-cf. HUDSCW-t,tGHT" AND"PCWER DEP ARTMEN'P""* *at*8 0.<**ber 31. to 91                                                                 71 [   t i

STREET LAMPS CONNECTLD TO SYSTEM

                                                                                                                               ,,,.H.P. Sodium                                                .

Cl,' toist in n...c nt l u eve, v. river. c.at II.P. Sodium

                                       '***                              u va6cip.i        other        u un.eipet   mh.,           u unic6E.          Oimer    u .a.c io.       me.,

un. (s) e) to , ts) (a) o) (a n.. (.) (e) (c) f 1 Hudson 1902 391 15 927 249 721 99 2 Stcu 78 5 2 7 36 18 10 i 8 Ber)in 1 1 1 1 4 Marlboro 2 6 Bolton 1 1 6 ; 7 s 9 [ 10 11 , 12 . 13 ; 14 16 16 17 18 t 19 , 20 i 21 22 23 24 [ 26 ,. 26 27 28 , 29 [ r , 30 ; 31 ! 32 83 , 34

85 ,

j 84 37 as

i. at :

! 40 41 , 42 48 l; 44 45 46 , 47 , 48 ;. , 49 3 50 51 ' 52

                                          *       **"        1984                 397              17         934        287 'l                                         239~      '110 p-
  -,.,.;,.;_,,;,,,..,.;,J.-,_.-.~a...~..'..-.--,.      .._,.    .r,+,.       -._..;        .-.,,...-s
                                                                                                                        .,~,,m,-    . . . -                    . ~ , -   -

     . -          . . - . . . _ ._- . - ._... . _ . - .._ .. .-~ ..-                                                         - - . - - . - - -                                 _ . . _ . , - . - - ..                           .        . . -

i 1 te o ,,,w, n, a p 1 anaveue,.et et.....$b. .. 9. ...N.N9.f.9.II..b.l9O.7...MM...P.QWEP...D.C.P. ARTR.r.1C.....v . . I.

1 l

i

  #                                                                                                                  RATE SC3EEDULE INFORMATION                                                                                                        '

l

j 1. Attoeb ce;nes e; U Voad h o u Ior Omrel Comamuners.

2. show below 6

Q, .sw to r*4eid4@e dudas year sad e estimated lacrease or deessee in annual t; i

l .n ts. waman - , h t 4 e, . . n.s .,, .-w . sea w e.s ; j , [- neie a.wsn. ,.s ,, en .

                                                                                  "e m .,

4 1 a.m.es. . e

                                             .m                     1 S. , 4 laeressee                      o       .e.

J i

                                        . p. s . < e. f { u +'a '" ' .. -- .

Power Adjustrer.t Charge Ibne ; 9tir91 136 ' i 4 b 4 i j :- 3 i s b i r f- ', i *

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l j *- 61 i , Aa a-e t e. n e t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , , . . , w , e ne o 2,n g, 3 3 , a . , , , i a i i ; THis RETURN IS SIGNED UNDER THE PENALT1ES OF PERJURY i

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a. 4 N. P l . . . . . . - . . . . . . . . . , ... y / T2. . .. . .. . .. .... .. . . . . . . ...Meneper of Electric LigM l 4 A 4

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h.. ... . . . . Member $ - , 2 a she s Mu(mmpet .! Laeht

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i . _ . . . . . . , _ . - ... . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . s . . , . i q 1 a. i 4 i i 1 , t . 2 SIGNATURES OF ABOVE PARTIES AFFIXED OUTSIDE THE COMMONWEALTH OF 4 MASSACHUSE'ITS MUST BI: PROPERLY SWORN TO - 4.

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and severally enade eeth to the truth of 4e foregolag statesment by thess enhearthed esserding to their be ; knowledge and belief. W 0 4g

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1 g 1 Nasary Pa6he w _ Jash'es af she Poem u.__._. - __ . - - . ._. .._ . __._._..._..._..,_....._._u._. . . _ , _ . - . - . _ . , _}}

ML20101M048

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