ML20151V594

FERC Form 1:Annual Rept of Major Electric Utils,Licensees & Others

ML20151V594
Person / Time
Site:	Millstone, Seabrook, 05000000
Issue date:	12/31/1987
From:	FEDERAL ENERGY REGULATORY COMMISSION
To:
Shared Package
ML20151V584	List: ML20151V580 ML20151V594
References
NUDOCS 8805030116
Download: ML20151V594 (93)

Text

A Form Approved O OMB No. 1902-0021 i

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(Exp. ires 9/30/90)

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FERC FORM NO.1:

ANNUAL REPORT OF MAJOR ELECTRIC ,

UTILITIES, LICENSEES AND OTHERS O

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Exact Legal Name of Respondent (Company) Year of Report NORTilEAST NUCLEAR ENERGY COMPANY Dec.31,1987 FERC FORM NO.1 (ED,12 87) l l

O rorm ^eerovea 0 B No. 1902-0021 (Expires 9/30/90)

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>4Ecub" FERC FORM NOe 1:

ANNUAL REPORT OF MAJOR ELECTRIC UTILITIES, LICENSEES AND OTHERS O

Th+s repon is mawatory under the Federat Power Act. Sect.ons 3.4(a),304 and 309, aM 18 CFR141.1 Fadure to reped may resutt in creminal hnes, crvd pena' ties aN otner sancton. as proveed t.y ta*. The Federal Energy Regulatory Commisson does not consider this report to be of a contdentiat hatwre I

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Exact Legal Name of Respondent (Company) Year of Report O NORTilEAST SL' CLEAR ENERCY Com'A'N Dec. 31,1987 1

FERC FORM NO.1 (ED.12 87) (

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c ART 11UR ANDEltSEN & CO.

V) 5 H A urro n n. CON x t:cTicr T To Northeast Nuclear Energy Comp any:

In connection with our examination of the consolidated financial statenents of Northeast Utilities (a Massachusetts trust) and subsid-inries for the year ended December 31, 1987, on which we have reported under date of February 26, 1988, we also examined the schedules fer Northeast Nuclear Enercy Company on pages 110 through 123D of Forr 1 for that year. Reference is cade to that report, in which our opinion is qualified with respect to the recoverability of costs associated with the Seabrook nuclear project and in which a reference is made to changes in accountinc principles for accounting for pension costs and accounting for disallowances of plant costs. Our examination was nade in acccrdance with genere11y accepted auditing standards and, accordinrly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. However, ve did not make a detailed examination such as vould be required to

,f g dete rmine that each transaction has been recorded in accordance with the

(_) Unif orn Syster of Accounts and published accountine relenscs.

In our opinien, the sche?ules referred to in the preceding para-crnph conform in all eaterial respects with the accountinn requircrents of the Federal Energy Regulatory Commission as set forth in its applica-ble Unifor Systcr of Acccunts and published accounting releases, bi ARTHUR ANDERSES & CO.

February 26, 1988 1

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INSTRUCTIONS FOR FILING THE FERC FORM NO.1 GENERAL INFORM ATION

() 1. Purpose This form is a regulatory support requirement (18 CFR 141.1) It is designed to collect financial and operationalinformation from major electric util. ties, licensees and others sub;ect to the jurisdiction of the Federal Energy Regulatory Commission. This ieport is also secondarily considered to be a non-confidential pubbe use form supporting a statistical pubhcauon (Financial Statictics of Selected Electnc Utihties), pubhshed by the Energy In'ormation Administration.

II. Who Must Submit Each Major public utility, bcensee, or other, as class'fied in the Commission's Uniform System of Ac.

counts Prescribed for Pubhc Utihties and Licensees Subject To the Provisions of The Federal Power Act (18 CFR 101) must submit this form.

Note: Ma;or means having,in each of the three previous calendar years, sa!es or transmission service that exceeds one of the following:

(1) One milhon megawatt hours of total annual sa!es, (2) 100 megawatt hours of annual sales for resale, (3) 500 megawatt hours of annual gross interchange out.

(4) 500 megawatt hours of wheeling for others (dehveries plus losses)

Ili What and Where to Subm:t (a) Submit an onginal and six (6) copies of th.s form to.

U S Department of Energy Energy Information Administrat.on El-541 Mail Stahon: BG 094 Forrestal Build'ng Washington, D C y,59; O

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Reta,n one copy of th+5 report for your f;Ies (b) Submit immed.ately upon pubhcation. four (4) cop,es of the latest annual report to stockholders and any annualf.nancial or statistical report regula*ly prepa*ed and d stributed to bancholders. secu*-

ity analysts, or industry assoc atons (Do not include monthly and quarterly reports it reports to stockholders are not piepared enter "N A"in colurnn (d) on Page 4, List of Schedules ) Moil these reports to Chief Accountant Federal Energy Regulatory Commiss'on 825 N Cap,tol St . N E-Room 601 RB Washingten. D.C 20426 (c) For the CPA cert.ficabcn, subm with the original submisston, or w, thin 30 days after the fihng date for th.s form, a letter or report (i) Attesting to the confo*m<ty, in atl material aspects, of the below listed (schedu!es and) pages w

< tification information, including the title (s) of the page and the page number supplemented.  !

X. Do not make references to reports of previous years or to other reports in heu of required entries, except I as specifically authorized.

I XI. Wherever (schedule) pages refer to figures from a previous year, the figures reported must be based upon those shown by the annual report of the previous year, or an appropriate explanation given as to why ,

the different figures were used.  ;

Xil. Respondents may submit computer printed schedules (reduced to 8% by 11)instead of the prephnted j schedules if they are in substantially the same format.

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DEFINITIONS l

! l. Commission Authorization (Comm. Auth )-The authorization of the Federaf Energy Regu'atory Commis-a ston, or any other Commission. Name the ommission whose autnorization was obtained and give date ['

of the authorization.

l l 11. Respondent-The person, corporation, hcensee, agency, authority, or other legal entity or instrumentahty

in whose behalf the report is made. '

EXCERPTS FROM THE LAW j Federal Power Act,16 U.S C 791s 825r) l l "Sec. 3. The words defined in this section shak have the following meanings for purposes of this Act, to wit: i

-(3) ' corporation

• means any corporation, joint. stock company, partnership, association, business trust, l organized group of persons, whether incorporated of nolt, or a receiver or receivers, trustee or trustees of any I of the foregoing.11 shall not include 'municipahties' as hereinafter defined;

(4) ' person

• means an individual or a corporation; i i (5) ' licensee' means any person, State, or municipahty heensed under the provisions of section 4 of this Act, i l and any assignee or successor in interest thereof; l

! (7) 'municipahty' means a city, county, irrigation district, drairiage district, of other pohtical subdivision or -

i agency of a State competent under the laws thereof to carry on the business of developing, transmitting, utiliz-ing or distnbuting power;  !

(11) ' project' means a complete unit of improvement of development, consisting of a power house, all water l

] conduits, ail dams and appurtenant works and structures (including navigation structures) which are a part of l' said unit, and all storage, diverting, a forebay reservoirs directly connectied therewith, the primary line or lines l transm tting pow er therefrom to the point of junction with the d'stnbution system or with the interconnected primary )

transmission system, afl misceaneous structures used and useful in connection wrth said unit as any part thereof, ,

l and all water rights, rights.ct way, ditches, dams, rnervoio s, lands, or interest in lands the use and occupancy I of which are necessary or appropriate in the maintenance and operation of such unit; FERC FORM NO,1 (ED.12 87) Page til i- l l l

i EXCERPTS FROM THE L AW (Continued)

"Sec. 4. The Commiss;on is hereby authorized and empowered-(a) To make investigations and to conect and record data concerning the utih:ation of the water resources of any reg on to be developed, the water. power indust *y and its relabon to other industnes and to interstate or fo'e.g, commerce. and concerning the locaten, capac.ty, development costs, and ref abon to :narkets of pae s:tes, to the extent tne Commiss on may deem necessary or useful for the purposes of fnis Act "

"Sec. 304 (a) Every beensee and ese y pubb utd ty sha!! fJe with the Comm:ssion luch annual and other penod C or special reports as the Commiss on may be rules and regulations or other prescribe as necessary o' appropnate to assist the Commission in the proper adm:ntstri oon of this Act The Commission may prescr be the manner and form in wh:ch such reports shall be made. and require from such persons spe:ific answers to an quest ons upon which the Commission may need information The commission may require that such reports shaNIincluce.

among other things, fullinformation as to assets and habuttres. cap ta:ation, net investment, and reduction thereof, gross receipts. interest dJe and paid depreciation, and Cther reseNes, Cost of project and other f aciht.es cost of maintenance and cperat<on of the pro;ect and other facihtees, cost of reneaa!s and replacement of the pec;ect works and other f aC4ht es, depreciation, generabon, transm ssion, c;stribution, dehve'y, use, and sa'e of elettn:

energ,. The Comm:ss,on may require any such person to make adequate prosiston for current!y dete'mtning su;h costs and other facts Such reports shall be made under Oath unless the Commissron otherwise spec f es '

"See 309 The Commiston sha'l hase power to perform any and all acts, and to presenbe, issue. make. amend and rescind such orders, rules and regu!atoas as it may find necessary or approphate to carry out the provmons of this A:t Among other things, such rules and regu!ations may define accounting, technt:al, and trade te'ms used in this Act. and may p'estnbe the form or forms of all statements, declarations. apphcations, and repo ts to be fled w;th the Comm:ssion, the Info *matic, which they sha4 Conta n, and the time within whicn they sha'i be fled GENERAL PENALTIES "Sec 315 (a) Any beensee o puo:: utJ ty Ah.:n wmfu'ty f als, with n the t.me prese'.ted by the Ccmm ss,on to comp'y w th any orde* of t*e Comm:ss on to fJe any report re::uired under th's Act or any ru'e o' regiat ca g

of the Comm ssion the eun de' to subm t any inte mat on or document required by the Comm ss on in the course of an investgat on conL:ted unce* th's A:t sha'! forte t to the United States an amount not exceed ag $1.000 to be f aed by the Comr, ss on after no't.:e and opportun ty fo' heanng O

FERC FORM NO.1 (ED.12 87) Page iv

I FERCFCRMh31:

AnhuA. REPORT OF MAJOR ELECTRIC UTILITIES, LICEh5EES AhD OTHER$

I ItihTIFICATION  :

i ........................................ .............................................. ............................... :

1 01EasttLegalhaeeofResscadent  ! 02 Yea' of Re;crt  :

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1 NORTHEAST hgCLEAR Eh!R6Y C0mFAtY t tet. ;!, 1987  :

i 03 Previcus hace and Cate of Change (if nate thinged during year) I i

l t i i 4 ........................................................................................................................ l

! 04 Address of Principal lutiness OHits at End of Year titreet, City, State, tip Cohl I Seldu Street, Berlin Conttetitut 06037-0218  :

Addrasti P. O,. Ici 00, Harticrd t 1

...........g Mailin ........ .......... .............i. Connecticut 06141-0270 I 05MaseofCentactPerson  ! 06 Title of Contact Person !

t I Vice President and  :

6ecr D. Uhl i Centroller i 1

.........ge............................................................................ ................................. t 1 07 Address of Contatt Pertoe (Street City State lip Code)  :

I Rotty Hill dennett'itut d6067-1923  :

! 100 Corporate Mailin Address P.Place,Q. los 270,,Harticed, Connettitut 06141 0270  :

....g i 10 Cate of Report i I 06 Telephone of Contact Persen, including I 09 This !!eport is

! Area Cede I t (Mo,04,fr)  !

(203)7212313 1 (1) (11 An Original (2) 1 A Pesubsistica :  :

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• 1 l ATTESTAtl04 ,

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The underligned officer certifies all that heltheofhas stateetnts factenseined ontained atheheattos[aan ing rescrt attoepanying reportiare that toand true the the test of his/her  :

I kneeledge accespasyleg infreport erentien is a and telief,tatteent terrett s of the businent and af f airl of the ancve naset renpoedent in respect i

! to each and every eatter set forth therin during the perted free and including January 1 to and includteg  :

I tetteter 31 of tne year of the rescet, t

[....................................................................[.................................................

t 01 Nase 103ligmature /f I 04 Cate Signed g (Pc,04,tr)

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.........geD.Uhl Geor i .g / f/ I afg5fgg i

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!  ! Vtte President and Controller 1 ,  !

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t Title 19, U.S.C. 1001, estes it a triot for any pers:( knesing y and sillingly te atte to any Agency er Departnert  !

cf the United States any falle, fictiticut er fraudulent statteents 45 to any eatter eithin its riidtttion. I i

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Name of Respondent This Report 1s: Date of Report Itar of Report NORTHEAST Nt' CLEAR (1) G An Original  % De, W  ;

ENERGY COMPANY (2) O A Roeubmiseion Dec.31,199  ;

LIST OF SCHEDULES (Electrie Utdity)

Enter in column (d) the terms "none," "not ap- pe0o:,. Omit pages where the responses are "none,"

plicable," or "NA," as appropriate, where no infor- "not applicable," or "NA." i mation or amounts have been reported for certain l

Titte of Schedde (a) (b)

(( (c)

Remarks (D

GENERAL CORPORATE INFORMATION AND FINANCIAL STATEMENTS Gener al Inform ation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101 Ed.12 87 Control Over Respondent . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102 Ed.12 87 ,

L Corporations Controlled by Respondent . . . . . . . . . . . . . . . . . . . . . . . . 103 Ed.12 87 NONE Office rs . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 Ed.12 87 l D ir ect o r s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 Ed.12 87 Security Holders and Voting Powers . . . . . . . . . . . . . . . . . . . . . . . , . . . 106 107 Ed.12-87 Page 107 - NONE ,

important Changes During the Year . . . . . . . . . . . . . . . . . . . . . . . . . . 106 109 Ed.12 87 Comparativo Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 113 Ed.12 87 Statement of Income for the Year . . . . . . , , . . . . . . . . . . . . . . ..... 114 117 Ed.12 87 Page 116 -NONE Statement of Retained Earnings for the Year . . . . . . . . . . . . . . . . . . . . 118 119 Ed.12-87 Statement of Changes in Financial Position . . . . . . . . . . . . . . . . . . . . 120 121 Ed.12-87 Notes to Fmancial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122 123 Ed.12 87 BALANCE SHEET SUPPORTING SCHEDULES (Assets and Other Debts)

O Summary of Utility Plant and Accumulated Provisions for Depreciation, Amortization, and Depletion . .. ... ................... 200 201 Ed.12 87 Page 201 -NONE Nuclear Fuel Materials . . . . . . . . . . ......., .. ,,.. 202 203 Ed.12-87 Eleetne Plant in Service . . . .. .. ..... ..... .......... 204 207 Ed.12 87 Electric Plant Leased to Others . . . .. . ... ..... .. ....... 213 Ed.12-85 NONE Electric Plant Held for Future Use . . . . . . . . . . . . , . . . . . . . . . . . . . . 214 Ed.128't NONE i Construction Work in Progress-Electric. . ... . ............. 216 Ed.12 85 l Construction Overheads-Electric . . . . . . . . . . . . . . . . . . . . . . . . . . 217 Ed.12 87 l General Description of Construction Ovethead Procecure. . . . . . . . . . 218 Ed.12 87 j Accumulated Provision for Depreciation of E'ectric Utility Plant . . . . . 219 Ed.12 85 Nonutility Property. . . ........ .......... .............. 221 Ed.12 85 NONE investment in Subsidiary Companies . . . . . ...... ... ..... 224 225 Ed.12 86 NONE Material and Supply , . . .. . .... . ... ... ........ 227 Ed.12 86 Extraordinary Property Losses . . . .... .................... 230 Ed.12 85 NONE Unrecovered Plant and Regulatory Study Costs . . . . . . . . . . . . . . . . . 230 Ed.12 85 NONE Miscellaneous Deferred Debits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 233 Ed.12-07 Accumulated Deferred income Taxes (Account 190) . . . . . . . . . . . . . 234 Cd.12 85 NONE BALANCE SHEET SUPPORTING SCHEDULES (Uabihties and Other Credits)

Capital Stock . ...... . . ......................... .... 250 251 Ed.12 86 Capital Stock Subscribed, Capital Stock Liability for Conversion.

Premium on Cap;tal Stod, and Installments Received on Capital Stock. ... .. . .... . . .. ... . . ... ............. 252 Ed.12-86 NONE Other Paid-in Capital. ... . ....... ....... ....... ..... 253 Ed.12 86 Discount on Capital Stock ........ . ........ .......... .. 254 Ed.12-86 NONE O Capital Stock Expenses . ... ...

Long Term Debt . . . . ..

254 256-257 Ed.12 86 Ed.12 86 NONE 1

4 FERC FORM NO.1 (ED.12 47) Page 2 l l

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Name of Respondent This Report is: Data of Report Year of Report NORTilEAST NUCLEAR (1) @ An Original @, De, W ENERGY COMPANY (2) O A Resubmisalon Dec. 31,19_B7 LIST OF SCHEDULES (Electric Utihty)(Continued)

Too of Schedwie g Remarks to O) tc) W)

BALANCE SHEET SUPPORTING SCHEDULES (Liabihties and Other Credits)(Continued)

Federal Income Taxes . . .. .... ............... ... .. 261 Ed.12 87 Tcmes Accrued, Prepaid and Chargod During Year . . . . . . . . . . . . . 262 263 Ed.12 86 Reconciliation of Reported Not income with Taxable income for

' Accumulated Deferred Investment Tax Credits . . . . . . . . . . . . . . 266 267 Ed.12-86 Other Deferred Credits . . . . . . . . . . . . . . . . . . . ............. 269 Ed.12-86 Accumulated Deferred Income Taxes-Accelerated Amortization Property . .. . ........ ... .. . .......... , . 272 273 Ed.12 86 NONE Accumulated Deferred Income Taxes-Other Property . . . . . . . ... 274 275 Ed.12-86 Accumulated Deferred income Taxes-Other . . . . . ... ... ...... 276-277 Ed.12 86 INCOME ACCOUNT SUPPORTING SCHEDULES l

Electric Operating Revenues .... . .... . .. ... .. 300-301 Ed.12-86 Sales of Electricity by Rate Schedules ... ..... ...... .. 304 NONE Sales for Resate . . .. ... . . . . ... . . . . . ... 310-311 Ed.12-87 NONE Electric Operation and Maintenanco Expenses. . . . .. ... ... 320-323 12 87 Narnber of Electric Department Employees . . .. . .. ..... 323 Purchased Power .. . .... . .. .. . . 326 327 Ed.12 87 NONE j Interchange Power 328 329 Ed.12 86 NONE g!

Transmisson of Electricity for or by Others .. . ..... ... 332 Ed.12-87 NONE Miscellaneous General Expenses-Electric. . . .. .. . .. 335 Ed.12 86 D3preciation and Amortization of Electric Plant .. . .. . ... . 336-338 Ed.12-86 Page 338 - NONE l Particu!ars Concerning Certain income Deduction and Interest i Charges Accounts . . .. . . . . . . .... .. . 340 Ed.12 86 COMMON SECTION Rsgutatory Commission Expenses.. . . . ...... 350 351 Ed.12 87 Rssearch, Development and Demonstration Activities . . ... 352 353 Ed.12 87 Distrtbution of Sataries and Wages , , . .. ... . . 354-355 Ed.12 87 Common Utility Plant and Expenses . . .. 156 Ed.12 87 NONE ELECTRIC PLANT STATISTICAL DATA Electric Energy Account .. . . . ....... 401 Ed.12-87 NONE Monthly Peaks and Output . , . . .. ... . 401 Ed.12-87 NONE Steam-Electric Generating Plant Statistics (Large Plants) . . .. . 402-403 Ed.12 87 NONE Steam Electric Generating Plant Statistics (Large Plants) Average Hydroelectnc Generating Plant Statistics (Large Plants) . . .... 406 407 Ed.12 87 NONE Pumped Storage Generating Plant Statistics (Large Plants) . ...... 406-409 NONE Gsnerating Plant Statistics (Small Plants) . . . . . .... ... 410 411 Ed.12-86 NONE O

FERC FORM NO.1 (ED.12 87) Page 3

Name of Respondent This Report is: Dato cf R: port Y;ar of Report

• l NORTHEAST NUCLEAR (1) Q An Original N'N N l j ENERGY CtD:PANY (2) O A Resubmission Dec. 31.19.87 LIST OF SCHEDULES (EWtnc Utihty)(Continued)

True of Schedv4 7,)'[,' 3 Remets ,

c., m w w, ELECTRIC PLANT STATISTICAL DATA (Continued) '

Transmission Line Statistics . . , . . . . . . . . . . . . . . . . . . . . .... 422 423 Ed.1247 NOME 6 I

Transmission Lines Added During Year ................ . . . 424-425 Ed.12-86 NONE Substations . ........................... .. .......... ... 426 427 Ed.12 86 NONE l

Electric Distribution Meters and Line Transformers . . . . . . . . . . . . . . 429 Ed.12-66 NONE Environmental Protection Facilities . . . . . . . . . . . . ........ .... 430 Ed.12 86 Environmental Protection Expenses . . . . . . . . . . . . . . . . . . . . . . . . 431 Ed.1246 i Footnote Date . . ... ....... ........ ....... ..... . 450 Ed.12-67 NONE

Stockholders' Reports . . .... .. . . . ... ..............

NONE  :

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FERC FORM NO 1 (ED.12 67) Page 4  :

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KitkEalf WCLEAR EhERlY CORPANY AnOriginal tet. 31, 1997 GEhERALlhFCARATICW

1. Provide asse and title of cffiter havnet tuttely of the general corporate beths of acchst and addrett of cffitt dire the general terporate to:kt are test, and affrets cf of fice ehere any other terporate lects of attNet are kept, if inherent f ree that ehere the general terperate 6:cks are test, leerte D. Uhl, Vice Frestcent aad Controller

.100 Corporate Palling Adsretti P.Place,O, les 270, kart!ced, (carettitutRetty 06141-0270 Hill, Concettitut (6067 1923

2. Provide the nate of the $ tate under the last of shich retiendent it incorporated, and date of interp; ration. Ifinterstrated u; der a spelal laa, give referente to such las. If est incorporated, state that f act and give the ty,1e of organitattoi and the date orga9ttei, lacerscrated under the last of the State of Coanettitut on heiteter 14,1950. $ ranted authority to utrcise ettlity tates by 1967 $ ttial Act he.153, a;praed June 6,1967 (Volket Ill!!!, p;e 144).

..........s................s..........................................................................................................

3. If at air ties during the par the prt$erty of renaendent uns held by a receiver ce,trustet, give (a) nate ci rettiver or truttee, IB) date tack receiver or trustee te:t p:stention, (cf the authority by shtth the retenverthis er trustettht; est treated, and

(@) date ehen ;:stettien by receiver er trattet tested.

h:t A;plicatle

4. State tre clattes cf utility and etter servitet furnished by respondent during the year in each $ tate in ehtth the respondent c;erated.

The Cts;any is an atent f er the torstruction and c;eration of certain elettric producticn facilities in tre $ tate cf (cartttitut.

5. Have you t9 a toptant for yc;ur;ed previc'tatyear's

. the principal atteantant certified financial to audit your fisantial statteenti en attestant she 15 not the ,tiotipal at stattetnts?

(t)( l tES ... Enter tre data hs en such iedegerdent attountant sat initially engagett ,,,,,,,,,,,,,,,,,,,,_

(2)(1)h3 Page101 0

NORTHEAST NUCLEAR ENERSY COMFANY An Original Dec. 31, l987 CONTROL OVER RESPONDENT

1. If any corporatier., business trust, or siellar organitation or inne of beneficiary or beneficiaries for shoe trust coebination of such organitations jointly held control over the trustee was esinta(s)lned, and purpose of the trust.

respondent at end of year, state name of controlling corporation 2. If the above required information is available free the SEC earner in which control was held, and entent of or organization, control, if con trol uns in a holding coepany organitation, show 10K Report (i.e. Year Fors filing,tittel say be listed provided the fiscala and coepany the chain of cenership or control to the sain parent coepany or years for both the 10-K report and this report are compatible.

organitation. If control was held by a trusteels), state nane of I

Waee of controllina organization - Northeast Utilities, a voluntary association or;anized under the laws of The Conecanealth of Massachusetts, which wholly and directly cent the respondent and is the sain parent in a holding coepany organization.

Manner in which control was held - Cunership of Coseon Stock Extent of Control - 1001 O

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1 I I kHEAST NUCLEAR EltER6Y COMPANY An Original Dec. 31, 1987 a

o 0FFICERS

1. Report belce the naet title and salary for each executive shou name and total remuneration of the officer whose salary is I50,000 or more. An 'esecutive officer' of any position,d date the change in incuebency was made, previ incumbent,an tressurer, and vice 3. Utilities which are required to ille the sees data uith the a1 respondent president incides in charge its president of a principal $usinnssecretaryIt, un division or func- Securities and E: chance Coseission, say substitute a copy o tion (such as sales adelnistration or finance), and any other per- itee 4 of R ulation S-K (identified as this pagel.The substi-son eho perfores sisitar policyeaking functions, tutedpageMshouldbethesasasiteasthispage.

2. If a change us sade during the year in the incuebent of Line Title Naee of Officer fo llo, (b) Salary (c)r Yur ta) 1 !Cha!run and Chief Executive Officer tWillias B. Ellis (1) i I 2 IPresidest ud C'ilef Operating and Financial Officer liernard M. Fox (2) I i 3 Itsecutive Vice President - Engineering and Operations IJohn F. Opeka t t IRobert E. Busch (3) I t

": 45ISu lor Vice

! Senior VicePretident President- -Finance Corporate Planning and Regulatory Relations tiohn P. Caanetta (4) I t 6 ISenior Vice Fresident - Nuclur Enginuring and Operations IEdeerd J. Arocita t i 7 ISenior Vice President - Adelnistrative Services (Laurence H. Shay I i t Secretary and General Counsel IWaltw F. Torrance, Jr. I I 8 ISenior 9 Ivice Vice -PresidenNt President Bud Management and Financial Planning 10. Thayer Browne t i 10 tVice President - Husan Resources ICarroll A. Caffrey i I 11 IVice Pres! dent - Inf orsation Resources tied O. Dison i i 12 IVice Presidect - Ceeporate Performance Suvices and Orguitational ControllAlbert J. Hajek ISee Inurt Page 104A i 13 !Vice President - Public Af f airs i 1 (Francis IKeith R. L. Etnney Marvin 15 ) t I 14 IVice President - Purchasing and Materials Manageeent 15 !Vice President and Treasurer fleonard A. O'Connor t i 16 !Vice President - huclear Operations lWa i i 17 IVice President - Nuclear and Envirosental Engineering 10.yne D. Rosberg Frederick Sears  !(Only reported in i 18 Ivice President and Controller 16eorge D. Uhl 1 of ficial copies) I 19 IVice President - 6eneration Engineering and Construction IRichard P. Werner  ! 1 20 IAssistant Secretary IElizabeth W. Brocee i I 21 IAnistant Secretary ICheryl W. Srise i t 22 IAssistant Treasurer IRobert C. Aronson  ! I 231Anistant Treasurer IEugu e 6. Vertefeuille (6) 1 I

! I 24 l  !

I I  !

25 I

!!l 23 1 l

l

!G t

29 I I I I 30 1 I I  !

31 l(1) Relinquished the additional position of President ef fective 6/1/87. I t  !

321(2) Prennted frca Executive Vice Prnldnt and Chief Fiancial and i I t 33 1 Againistrative Officer effective 6/1/87. 1 ( l 34 l('t Elected effective 411/87. I I I 35 l(4) Preected free Vice President - Corporate Planning and 1 I t 36 I Consumer Econoaics effective 2/1/87. 1 I I 37 tl5) Elected effective 5/1/87. 1 I I 38 l(6) Elected effective 5/i/87. I t i 39 I I I t 40 ! I t i 41 I MTES: 1 I t 42 lossa 1 1 1 43 thener Assistant Treasurer, David H. Beguslauski, resigned I t t 44 i ef f ective tilll87. t I t 45 t t t t 46 I I t  !

47 i t t t 48 1 1 l l 49 1 I I 50 i t 1 I 51 1 I ( t 52 1 I t t 53 I I I i 54 I I t 1 55 I I t t

+

Page 104 9  ;

l 1

NORTHEAsi NUCLED EllER6Y COMP;3 An Original Dec. 31, 1997 DIRECTORS O

1. Report belou the information called for concerning each 2. Designate seebers of the E Kutive Coesittu by an i director of the respondent who held office at any time during the asterist and the Chairman of the Executive Coseittee by l year. Include in coluen (a) abbreviated titles of the directors a double asterist, l I....'[.'.'! N.'I['..f...I.5II!I!.. b . .. ..... .._ ........- .. - .................. - ...... .. ........ .. .

Nase (and Title) of Director Principal Business Address  !

Isl (b) '

IPhilip T. Ashton ISelden Street, Berlin, CT l 1 1 l

! Robert E. Busch (Senior Vice President - Finance) (1) !Selden Street, Berlin, Ci  ! j i I  ! <

IJohn P. Cagnetta (Senior Vice President - Corporate Planning i I

! and Regulatory Relations) ISelden Street, Berlin, C1 1 1 I I IWillias B. Ellis (Chaircan and Chief Executive Officer) Selden Street, Berlin, Ci  ! ,

I I

I Ilernard M. Fox (President and Chief Operating and Financial OHicer) Selden Street, Berlin, CT  !

I i 1 '

IFrank R. Locke 1174 Brush Hill Avenue, West Springfield, RA I 1

I i lleen E. Maglathlin, Jr. ISelden Strut, Berlin, CT I I I I IEduard J. Mroctka (Senior Vice President - Iluclest Engineering i i

! and Operations) ISelden Street, Serlin, Cf I

!  ! I

! John F. Opeka (Executive Vice President Engineering and Operations) ISelden Street, Berlin, CT l l l 1

!Laurence H. Shay (Senior Vice President - Adelnistrative Servien) ISelden Strnt, Berlin, CT I I I I IWalter F. Torrance, Jr. (Senior Vice President, Secretary and General CounulllSelden Strut, Berlin, CT I I i  !

l(1) Elected eff ntive 6/1/87. I I l I I I 1 l I I I

! l I I I I I i i l I  !

! I I I I I I i i l I i Page 105 O

iu s

WMTHEASTNUCLEARENER6YCOMPANY An Original Dec. 31, 1987 v

" SECURITY HOLDERS AND YOTING POWERS 1[ Give the nases and addresses of the 10 security holders give other leportant particulars (details) concerning the of;the respondent who, at the date of the lastest closing voting rights of such security. State whether voting rights of Me stock book or ccepilation of list of stockholders are actual or contingent; if contingent, describe the had the of the respondent, prior to the end of the year,te and sta the contingency,

3. If any c lass or issue of security has any special highest nueber of voting powers vetta which in the each would respondent,d have ha the right to castprivileges in the elution of directors trustees or sanagers, on that date if a setting eere then in order, le any such orinthedetereinationofcorporateacIlonbyanysethod, h61 der held in trust, give in a footnote the known particulars explain briefly in a footnote.

4. Furnish particulars (details) concerning any options, c1 andtQe trust (whether principal holders ofvoting trust, etc.),

beneficiary duration interests in theoftrust.trust,If warrants, or rights outstanding at the end of the year for the stock book was not closed or a list of stockholders was not others to purchase securities of the respondent er any coepiled uithin one year prior to the end of the year, or if securities or other assetsand ouned byeaterial the respondent, sose other inforea tionincluding since other classthe previous of securityccepilation of a list has becces vested ofyeting eith stockholders, rig hts, prices, relating expiration to etercise dates of [he options, marrants, or rights, then then such 10 security holders as of the closs of the Specify the naount of such securities or assets so en'itled to year. Arrange the nants of the security holders in the order consenting with the highest. Shouincoluen be anypurchased by any of the ten largest secur officer,ity holders. Thisdirector, instructionassociated is coep of la)voting pomer,f the titles o of ficers and directors included in such list inapplicable to convertible securities or to an securities of 10 security holders, substantially all of which are outstanding in tfe hands of the

2. If any security other than stock carries voting rights, general public where the options, marrants, or rights were explain in a suoplemental statteent the circuestancet issued on a prorata basil, tAreeby such security becate vested eith voting cights and

1. Give date of the latest closin of the stock 1 2. State the total cuater of votes cast at the 1 3. Give the date and I book prior to end of year. aad st te the purpose llatest general setting prior to the end of year I place of such setting: 1 of such closing: Ifor election of directors of the respondent and i I Inueber of such votes cast by prony, 1 1987 i Books do not close, lietal: 1,500 i March Selden S 13{reet  !

IBy pron 1,500 i Berlin, Connecticut i I I VOTINGSECURiflES t i INueber of votes as of (datel: Deteeber 31,1987 I I t  !

I Nate (litle) and Address of Security Holder !  !  !  ! I Line i I fotal i Conson t Preferred I  !

No. 1 I Votes i Stock i Stock Other i I (al I lb) I (c) 1 (d) I (e)  !

4 liOTAL votes of all voting securities I 1,500 1 1,500 1 NONE I N0hE I I

5 ITOTAL nueber of security holders 1 11 Ll NONE I NOME I

.....g.............................. .............:.................... ................. . .......... .... .. .................

6 iTOTAL votes of security holders listed belom i 1,500 1 1,500 I NONE t NDNE I 7I I I I I I S 11. Northeast Utilities  ! I t i 1 9l 174 Brush Hill Avenue  ! I i  ! I 10 1 West Springfield, Massachusetts 1 1,500 1 1,500 1 ChE I N0ht I 11 I I I I I i 12 12. NONE I i i 1 1 13 I  !  !  ! I I 1413. KhE I I I I i 15 t i l i I I 16 14. E %E I I I I i 17 I t i I I i 1B ! i l I i l 19 I I I i 1 1 20 l I I I I I 21 I i  ! I I I 22 I I I I I I 23 I I I I t 1 24 I I I i 1 1 25 I I I I I I 26 i  ! I I I I 27 I I I  ! I I Page 106 9

WORTHEAST N'JCLEAR ENER6Y COMPANY An Original Dec. 31, 1997 IMPORTANT CHAN6ES DURING THE YEAR

( Sive puticulars (details) concerning the satters indicated below. Make the statesents esplicit and precise, and nueber gas ende available to it free urchases developeent purchase contract or otherwise, giving ocation ,nda approximale total gas thee in accordance with the inquiries. Each inquiry should be valuees available, period of contracts, and other parties to any answered. Enter 'none' 'not aaplicable,' or 'hA' where ap- such arrangesents etc.

plicable.Ifinforeationuhiciianseersaninquiryisgiven 6. Obligations incurred as a result of issuance of securities elsenhere in the report, este a ref erence to the schedule in or assuoption of liabilities or guarantees including issuance of which it appears, short-tere debt and coseercial paper having a saturity of one

1. Changes in and important additions to franchise rightsi year or less. Give reference to FERC or State coesission Describe the actual consideration given therefor and state authoritation, as appropriate, and the teount of obligation or free nhos the franchise rights were acquired. if acquired guarantee, eithout the payeent of consideration, state the f act. 7. Changes in articles of incorporation or asendeents to

2. Acquisition of cunerchip in other cospanies by charter Explain the nature and purpose of such changes or reorganization, eerger, or consolidation with other coscantest asendeents.

particulars concernin'g the 8. State tte estiented annual effect and nature of any Give nasesnace transactions of cospantes involved, ion authorizing the transac-of the Coseiss ingertant magt stale changes during the year.

andrelerancetoConsissionauthorization, v. State briefly the status of any eaterially important legal tien,

3. Purchase or sale of an eperating unit or systeet 6tve proceedings pending at the end of the yeu , and the results of a brief description of the prcperty and of the transactions any such proceedinas tuleinated during the year.

relating thereto, and reference to deceission autheritation if 10. Describe briefly any eaterially toportant transactions of any was required. Give date joureal entries called for b the respondent not disclosed elsewhere in this report in which Unifere Systen of Accounts sere subsitted toanthe Coesis officer, y security director, t$e holder reported on page 106 voting sien, trustee,associatedcosaanyorknownasseciateofanyoft$ese

4. !sportant leaseholds (other than leaseholds for natural personswasapartyor[nwhichanysuchpersonhadasaterial gas lands) that have been acquired or given, assigned or sur- Interest.

rendered: Give effettive dates, lengths of teres names of par- 11. (Reserved),

ties, rents, and other conditions. State name of,Ceesission authorizing lease and give reference to such authoritation.

5. leportant extension or reduction of transeission or distribution systeet State territory added or relinquished and date operations begu, or ceased and give reference to Coe- 12. If the isportet changes during the year relating to the tission authorization, if any was required. State also the respondent company appeving in the annual report to stock-a;;ronisate number of custceers added or lost and appros- holders are applicable in every respect and furnish the data f eate annual revenues of each class of service. Each natural required by instructions 1 to 11 above, such notes say be gas cos;any east also state eajor nem continuing sources of attached to this page.

D)

(.

See insert pages beginning with page 109 f or le;crtant Changes During the Year, 1

Page 109 l l

O l

NORTHEAST Ntl CLEAR EkER67 COMPANY An Original Dec. 31, 1987 1RPORTHT CHANGES DURING THE YEAR (cont.)

g

1. NOME

2. NONE

3. NONE 4 NCNE

5. NONE

6. On December 24,1996, the Securities and Exchange Ccanission approved a short-tere debt liettation for Northeast Nuclear Energy Cospany (NNECO) of $50,000,000 effective through December 31,1988(ReleaseNo.

35-24282, File No. 70-7304). Short-ters horrouin;s as of December 31, 1997 nere $5,500,000.

7. N?hE

8. N0hE

9. (A) In January 1983, the Internal Revenue Service (IRS) inforced the North-east Utilities systen (the Systeel of the results of its audit of the Systes's 1978 and 1979 tai returns. The IRS sought paynest free the Systen of an additional 85.64 elllion in incoes taxes (r.etting debits and credits) for 1978 and 1979. Most of that aeount (appretleately g

$5.29 aillion) ins related to the 1979 settlement of a suit by the Systes and the other emners of Millstone Unit 3 against Westinghouse Electric Cospany (Westinghouse) relating to that cospany's reptilation of its contract to supply uranius for the unit. Another portion of the amount sought by the IRS (approiliately $315,000) was related to the settlesent of a clain by the Systes against Cosbustion Engineering, Inc. (CE) relating to CE's repudiation of a contract to reseve spent fuel. The IRS took the position that the full value of such settle-sents should have been treated as taxable incese in the year of settle- ,

sent, even though the benefits of at least sose portions of the settle- l sents sculd not have been realized until subsequent years. The Systen ind the other utilities that settled with Westinghouse opposed the IRS's position, as they believed that none of the proceeds of the settlesent represented intese but rather e5ould have been treated as a reduction in the cost basis of the nuclear fuel for the units in ques-tion. The Systes joined a number of af fected utilities in draf ting proposed legislation to reitert t!.ose viens, but that effort was unsuc-cessful. In May 1983, the Systes filed a protest eith the local appeals office of the IRS to challenge the audit.

la January 1987, the Systes ccepleted a settlesent of its appeal with the IRS. The Systet had agreed to a paysent of $2.08 aillion in additional incost taxes (or approxiestely 35 percent of the aeonnt the IRS sai stating). Additionally, the Systes paid approtisately $1.5 millien in state tains on January 30,1987.

O Page 109

NQRTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1967 IMPORTANT CHAh6ES CURING THE YEAR (cont.)

(B) On June 30,1985, the IRS informed the Systes of the results of its audit of the Systes's 1977,1990 and 1981 tax returns. The IRS is seeking payeent free the Systes of an additional $679,000 in income taxes for 1977, 1980 and 1991, disputing the deductibility of the Systes's preeius payeents br insurance purchased fros Nuclear Electric Insurance Lielted and its treateent of the Montague nuclear project as being dandoned in 1980. On August 30,1985, the Systes filed a protest in the local appeals office of the IRS to challenge the audit.

The Systes and the appeals office are currently discussing further steps in the appeal process, as mell as a possible settlement.

10. NONE

11. (Reservedi

12. N/A I

l l

)

O l l

l l

O Page 109A l

l

NORTHEAST Nutt, EAR ENERSY COMPANY An Original Dec. 31, 1987 COMPARATIVE BALANCE SHEET (ASSEIS AND OTHER DE8ITS)

Ref. Balanceat Balance at w

Line No. Title of Account Page No. Beginning of Year End of Year

1. UTILITY PLANT I I i i 2 Utility Plant (101-106, 114) t 200-201 1 842,251,441 1 844,712,282 1 3 . Construction Work in Progress (107)  ! 200-201 1 3 927 1 6 4 . TOTAL Utility Plant (Enter Total of lines 2 and 3) l I 45,,227,368 479 1 51,,994,569 706 I 5 . (Less) Accun. Prov. for Depr. Aiort. Depl. (108 111,115) 1 200 201 1 1 187,531 1 1,712,851484 ! 1 6.NetutilityPlant(EnterTotalofline4less5I i  ! 44,,291,,037 l 49,994,,367 i 7 . Nuclear Fuel (120.1-102.4, 120.01 I 202-203 -

1 (4,300)I i 8 . (Less) Actus. Prov, for Anort, of Nucl. Fuel Assemblies (120.5) 1 202-203 1  ! l 9 . Net Nuclear Fuel (Enter Total of line 7 less 8) I  !

.................t

............,300)I (4

10 . Net Utility Plant (Enter total of lines 6 and 9) 44,291 837 I 49,990,067 1

tI .............,....; ................; i 11 . Utility Plant Adjusteents (116) I 122 I I i l 12 . 645 Stored Underground-Noncurrent (117) i I  ! l l 13 . OikER PROPERTY AND INVESTMENTS I i i i 14 . Nonutility Property (121)  ! 221 l  !  !

15 . (Leis) Accus. Prov for Dept, and Aeort. (122) l I l l 16 . Investments in Associated Coepanies (123) I i i  !

17 . Investeent in Subsidiary Cosaanies (123.1) 1 224 225 :  :

18 . (For Cost of Account 123.1, $ee Footnote Page 224 225, line 23) l l l l I l 19 . Other Investsents (124) i I 20 Special Funds (125-128) I I  !

; .................t ................t j 21 . TOTAL Other Froperty and Investsents (Total of lines 14 thru 20) I I l l t .................; ................ l 22 . CURRENT AND ACCRUED ASSETS 1 l l l 23 Cash (131) i 1 2,810 l 1,369,441 l 24 . Special Depesits (132-134) i I l l 25 . Werking Funds (135) I 1 0,650 ! 8,650 t 26 . Teeparary Cash Investeents (136) I  ! 1 27 . Notes Receivable (141) I  !  !  !

2B . Custener Accounts Receivable (142) I I I  !

29 . Other Accounts Receivable (143) I I 2,360,642 1 6,514,973 30 (less) Accus. Prov, for Uncollectible Acct.-Credit (144) i I l t (

31 Notes Receivable fres Associated Companies (145) l l 5 500 000 1 1 500 1 32 . Acteunts Receivable fres Assoc. Coapanies (146) i I 42,,948,,944 1 35,,442,000

,663 l l l 33 . Fuel Stock (151)  ! 227 1  !  ! l 34 Fuel Stock Expense Undistributed (152) I 227 l l 1 l 35 . Residuals (Elet) and Extracted Products (Bas) (153) I 227 l l l l 36 . Plant Material and Operating Supplies (154)  ! 227 1 33,218,956 1 51,386,044  !

37 . Merchandise (155) 1 227 I I I 38 . Other Material and Supplies (156)  : 227  ! l t 39 . Nuclear Materials Held f or Sale (157) I 202 203 1 1  !

40 Stores Eigenses undistributed (163) 1 227 l 116,012 1 228,962 1 41 . Gas Stored Underground - Current (164.1) 1 I t 42 . Liquefied Natural Gas Stored (164.2)  ! l l 1 43 Liquefied Natural Gas Held f or Processing (164.3) I l  ! t 44 . Prepaysents (165)  ! l 4,277,033 5,808,721 1 ler i I  :  :

45 Advances 46 Other for 6as Advances for Enhas ( .167)Devel., and Prod. (166) t i  !  !

47 . Interest and Dividends Receivable (171) I i 1 46 . Rents Receivable (172) l l l l 49 . Accrued Utility Revenues (173) I t i 1 50 Miscellaneous Current and Accrued Assets (174) 1 I I  :

I I

.!!.k.b 55 '..'."!..'."!. b' 3!. .. .'.'!!.'.).."!.'[. !!!.'!. !!.f !!!.'.!. . ! $ 3.!!!

.  ! .....!!!!.!.!!.'.I I ....'.!.2 Page 110 0

NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987 O Line No.

COMPARATIVE BALANCE SHEET (ASSETS AND OTHER DEBITS)(Continued)

Title of Account Ref.

Page No.

Balance at Beginning of Year Balance at End of Year 52 . DEFERREDDEBITS I I I i 53 . Unaeortized Debt Expense (181) t  !

$34,803 1 54 . Extraordinary Property losses (182.11 1 230 1 1 55 . Unrecovered Plant and Regulatory Study Costs (182.2) I 230 l l t 56 . Prelia. Survey and Investigation Charges (Electric) (193) i i 1,017,351 ! 701,849 I 57 . Prelia. Sur, and Invest. Charges (Sasi (183.1, 183.2) I I i 1 58 . Clearing Accounts (1841 1 1 231,443 1 490,145t t t

59. Teep 4pyFacilities(185) t I

60. Miso uaneous Deferred Debits (186) 1 233 1 361,7351 5,765,4861

61. CV. Losses free Disposition of Utility Plt. (187) I i  !  !

62 . Research, Devel and Desonstration Expend. (188) 1 352-353 I -

t 344,914 63 . Unaeortized Loss on Reacquired Debt (189) i I i  !

64 . Accueulated Deferred Income Taxes (190) i 234 l  ! l 65 . Unrecovered Purchased Gas Costs (191) I I i  !

66 . Unrecovered incremental Gas Costs (192.1) i l i I 67 . Unrecovered increeental Surcharges (192.2)  ! i i  !

: .................: ................g

68. TOTAL Deferred Debits (Enter Total of lines 53 thru 67) I l 1 610,529 7

---

,337,197 69 . TOTAL Assets and other Debits (Enter Total of lines 10, 11, 12, t I --------,--------I --------!

21, 51, and 68) $134,355,413 1 $159,586,718 See Notes to Financial Statteents beginning on page 122.

O PASE !!!

O

k NORTHEAST NUCLEAR ENER6Y COMPANY AnOriginal Dec. 31, 1987 4

4 COMPARATIVE BALANCE SHEET (LIABILITIE3 AkD OTHER CREDITS) 1 Line Ref. Balance at Balance at No. Title of Account Page No. Beginning of Year End of Year

!. PROPRIETARY CAPI!AL 1 1 1 1 2 . Coseon Stock issued (201) 1 250-251 1 115,000 t $15,000 1 3 . Preferred Stock Issued (204) 1 250-251 1 l 1 4 . Capital Stock Subscribed (202, 205) 1 252 1 1 I

').StockLiabilityforConversion(203,2051 1 252 1 1 1 6 . Prenius on Capital Stock (207) 1 252 1 1 1 7 . Other Paid-in Capital (208-211) I 253 1 15,350,000 1 15,350,000 1 8 . Installeents Received on Capital Stock (212) I 252 1 1 1 9 . (Less) Discount on Capital Stock (213) 1 254 I i 1 10 . (Less) Caoita! Stock Expense (214) 1 254 1 1 L

11. Retained Earnings (215 215.1 216) I 118-119 I 1,162,345 1 1,024,825 1 12.UnappropriatedundistributedSubsidiaryEarnings(216.1) I !!8 119 I i  !

13 . (Less) Reacquired Capital Stock (217) I 250-251 1 1 1 1 1 - --------- - --t ------ --- - ---l 14 . TOTAL Proprietary Capital (Enter Total of lines 2 thru 13) 1 I 16 17 189,825 1 l -------,--

1 ------ -,527,345 1--------! -- --I l 15 . LONG-TERM DEBT I I I i 16 . Bonds (221) 1 256 257 1 1 1

!? . (Less) Reacquired tends (2221 1 256-257 I i 1 IB . Advantes free Associated Coepanies (223) l 256 257 I I I 19 . Other Long-Tere Debt (224) 1 256-257 1 15,000,000 1 15,226,000 1 20 Unatortited Presive on Long-Tere Debt (225) l I l  !

21 . (less) Unteertited Discount on Long-Tere Debt-Dr. (226) l I I  !

l [ .................g ................;

22 . TOTAL Lorig-tere Debt (Enter Total of lines 16 thru 21) i I 15 15,226,000 I t

t .........,000,000

........;1 ................;

23 . OTHER NONCURRENT LIABILITIES 1 1 1 1 24 . Obligations Under Capital Leases - Noncurrent (227) 1 I 29,588,070 1 20,497,176 1 25 . Accueulated Provision f or Property Insurance (228.1) 1 I i 1 &

26 . Accusalated Provision for injuries and Dasages (228.2) I 1 (3 490)I (9 200)I T 27 . Accumulated Provision f or Pensions and Benefite (228.3) i 1 360,,578 1 294,,658 1

28. Accueulated Miscellaneous Operating Provisions (228.4) 1 I i 1 29 . Accueulated Provision for Rate Refunds (229) 1 I i 1 l  ; ................. ................

30. TOTAL Other Noncurrent Liabilities (Enter Total of lines 24 thru 29) I I 29 945 158 1 28

---

,782,634 I t l .........,....,....! ----- --t

31. CURRENT AND ACCRUED LIABILITIES I I I t 3? . Notes Payable (231) l I -

1 5 500 000 1 3$.AccountsPayable(232) I I 32,966,798 1 23,,238,,500 1 34 . Notts Payable tr Associated Companies (233) l 1 1 1 1 35 . Accounts Payable to Associated Companies (234) 8,632,476l l I 16,842,916 i 36 . Custoner Deposits (2351 1 I l 1 37 . Taxes Accrued (236) I 262-263 1 754 l 135 l 38 . Interest Accrued (237) I i 3,809,625 34, I 2,115,,518763 l I l 39 . Dividends Declared (238) 1 I i 1 1 40 . Matured Long-tere Debt (239)  ! l  ! 1 41 . Matured Interest (240)  ! I I I 42 . Tai Collections Payable (241) i I 264,496 1 263,433 l l 43 . Miscellaneous Current and Accrued Liabilities (242) l I 286 151 250 l l 44 . Obligations Under Capital Leasss Current (243) 21,983,4421 1 35,090,894 1, 1 I

i

.............,772....;

................t 45 . TOTAL Currest and Accrued Liabilities (Enter Total of lines 32 thru 44) I 1 $67,978,363 1 $84,338,354 1 Page 112 O

NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1997 I

COMPARATIVE BALANCE SHEET (LIABilli!ES AND OTHER CREDITS) (CONTINUED)

Line Ref. Balance at Balance at No. Title of Account Page No. Beginning of Year End of Year I I I I 46 . DEFERREDCREDITS

! I I 1

$7 . Customer Advances for Construction 1252)

48. Accumulated Deferred Investeent Tax Credits (255) I 266-267 I (225)I 3,033,992 1

49. Deferred Sains free Disposition of Utility Plant (256) 1 I I I

50. Other Deferred Credits (253) 1 269 1 6,667 1 5,589,784 1

51. Unaaortized Sain on Reacquired Debt (257) 1 I I 1 52 . Accueulated Deferred Incese Taxes (281-283) I 272-2771 4,896,105 1 5,426,129 1 53 . TOTAL Deferred Credits (Enter Total of lines 47 thru 52) I i 4,904,547 l 14,049,905 i i 1 1 I 54 . I i 1 1 l l 1 1 55 .

I I I I 56 .

I i l I 57 .

I I I I 58 .

I I I 1 59 .

I I I i 60 .

61 . I  ! l I 1 I I I 62 .

I I I I 63 .

64 . I i  !  !

I I I I 65 .

66 . I I I i i  !  ! I 67 .

69 . I I i  !

; ........ .. ...g ................

69 . TOTAL Liabilities and Other Credits (Enter Total of lines 14,22,30 t i I I 45 and 53) l I $134,355,413 1 fl59,586,718 i See Notes to Financial Statesents beginning on page 122.

Page 113 0

~ < NORTHEAST NUCLEAR EhER6Y COMPANY An Original Dec. 31, 1987 STATEMENT OF INCOME FOR THE YEAR

1. Report amounts for accounts 412 and 413 Revenue and y entsts such that refunds of a Espenses free utility Plant leased to Others; in another utility ceedin custosers orswhich shere a continkefo be sade to the utility'to esteri 1 aeount say nee s coluen (li k,e,o) in a slailar sanner to a utility departeent. say result in a saterial refund Spread the amount (s) over lines 01 thru 20 as appropriate. In- ity with respect to power or gas purchases. State for each year clude these aeounts in coluans (c) and (di totals, af fected the cross revenues or costs to which the contingency

2. Report assunts in acccunt 414, Other Utility Operatin relates and tee tan ef fects together with an siplanation of the Incese, in the same sanner as accounts 412 and 413 above,g enjer f actors which affect the rights of the utility to retain

3. Report data for lines 7 9 and 10 for Natural 6as coe- such revenues or recover amounts paid with respect to pouer panies using accounts 404.1,,434.2,404.3,407.1 and 407.2 and gas purchases.

4. Use page 122 for important notes re 6. Give concise explanations concerning significant sent of income or any account thereof, garding tke state- aeounts of any refunds cade or received during the year

5. Give concise explanations concerning unsettled rate pro-Ref. TOTAL Liae Page ------------- ----------------------------

No. Account No. Current Year Previous Year

1. UTILITY OPERAtlh6 INCOME I I I I 2 . Operating Revenues (400) I 1 8268,031,715 1 $190,698,536 1 1 1 I I 3 . Operating Espenses  ! I i 1

4. Operation Espenses (401) 1 1 175,250,678 l 129,653,288 !

5. Maintenance Espenses (402) l I 845 715 1 519 346 1

6. Depreciation Expense (403)  ! l 81,483,,614 1 51,559,,575 1 7 Anort. 6 tepl. of Utility Plant (404-405) 1 I 27,229 I 5,340 1

8. Anort, of Utility Plant Acq. Adj. (406) i I I 1 0 Anort of Propert losses Unrecovered Plant and I  ! I l Reau l 10 . AeorI.latory of ConversStud Costs(407) on Espenses 1407) i I

I i

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i 11 . Taxes Other Than intese Taies (408.1) I 262-263 1 5 288 982 i 3 >

12. Incoat Taies - Federal (409.1) I 262 263 1 00611 (1,308,747 487)I ! /

13 . - Other (409.1) I 262 263 1 (2,,795,,747 172, 1 ,393,924 21 14 Provision for Deferred Inc. Taxes (410.1) I 234 272-2771 528,024 I 2,964,,708 I 15 . (Less) Provision for Def erred laccee taxes - Cr.(411.1) i 234,272-277: 1 1 16 . Investeent Tai Credit Adj. - Net (411.4) I 216-267 1 3,034,217 ! (57,275ll 17 . (Less) Sains free Disp. of Utility Plant (411.7) I I I i 18 . Losses free Disp. of Utility Plant (411.7) I  !  ! I 10 .

g ....................: ....................g TOTAL Utility Operating Expenses (Enter Total of lines 4 thru 181 1 I 263 835 400 l 186 582 166 i g............,....,....g............,....,....g 20 . Net Utility Operating Income (Enter total of line 2 less 19) 1 I I I (Carry forward to page 117, lina 21) 1 1 84,196,315 I I4,116,370 l See Notts to financial Statsents beginning on page 122.

Page 114

NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987 STATEMENT OF INCOME FOR THE YEAR (Continued) 1' allocations and apportionsents free those used in the pre-

/^h.

5 ting free settleeent ues received of any rate or costs incurred proceeding for poser or gas pur-affecting ceding year. Also give the approsteate dollar effect of such changes.

(<d ses ,incoatand a suestry and expense accounts.of the adjusteents cade to balance 9.

shetl 7, l any nodes appearing in the report to stockholders are different free tnat ryorted in prior reports.Enlaininafootnoteifthep

10. If the coluens are insuf ficient for reperting addi-

'rea(aplicabletothisStatesentofIntose,suchnotessay 4e at athed at page 122. tional utility departments, supply the appropriate account

8. Enter en page 122 a constse explanation of only titles, lines 1 to 19, and report the information in the blank those changes in accounting methods made during the year space on page 122 or in a supplesental statteent, thich had an effect on net incese, including the basis of

, ELECTRIC UTILITY 6AS UTILITV OTHER UTILITY Current Year Previous Year Current Year Previous Year Current Year Previcus Year (e) (f ) (g) (h) (i) (j) i I  ! I i  ! 1I I t 1 I I I 2I

.............. ...: ...................g .......... .......g .....

............t ................._!

........t 1 31 I  !  !

1 1 I t 4I i 1 i I  ! 1 5I I I  ! I i i 6i SAME I SAME i t i 1  ! 7I I I I  ! I i 8i AS I AS I I I i  ! 9I i 1 I I I i 1 COLT!MN I COLUMN I l I t i 10 l I I t I  !  ! 11 1 (c) I (d) 1 1 I I i 12 I i I i I i i 13 i

! I I I I t 14 1 1 I I I I I 15 I I  !  ! I I i 16 i

/' i I I I I i 17 I I  ! l l 1 1 18 i

.. ...............; ....... ...... ! .... .............i ... ...- _.....g .......... .......; ............. ....g g i i l i l i 19 1

...................; ............... .. ..............; ...................; ... . ...........g ..... ...... ....g g I I I I I I 20 1 I  ! I l I i 1 Page 115 0

An Ori Dec. 31, 1987 NORTHEASI NUCLEAR ENERBY COMPANY STATEMENT OF INCOME FOR THE YEAR (Conti.nues)ginal G Ref.

Page TOTAL line No. Account No. Current Year Previous Year 21 . Net Utility Operating Incese (Carried formard free page 114)  ; I $4,196,315 l $4,116,3701 22 . Other Incoee and Deductions  ! I ---------------------------------!

23 . Other Incese  ! I I i 24 . Nonutility Operating Income  ! I Revenues Free Merchandising Jobbing and Contract Werk (415) I  ! I t 25 .

f f I 26 . (Less) Costs and Esp. of Merchandising Job E Contract Work (416) I 27 . RevenuesFreeNonutilityOperations(4I7) l I I I I l  !  !

28 . (less) Eupenses of Nonutiltty Operations (417.1) 29 . Nonoperating Rental Income (418) i i i  !

Equity in Earnings of Subsidiary Coepanies (418.1) I  ! I i 30 .

31 . Interest and Dividend Incoee (419) i 1 363,901 1 72,743 1 32 . Allevante for Other Funds Used During Construction (419.1) 1 I 1 1,764 1 33 . Miscellaneous Nonoperating Income (421) ( l  !  !

34 . Gain on Disposition of Property (421.1) l I 126,275 1 -

I 35 . TOTAL Other Income (Enter Total of lines 25 thru 34) I i a90,176 1 74,507 i

!  ! I  !

36 . Other Income Deductions 37 . Loss on Disposition of Property (421.2) I i i I 38 . Miscellaneous Aeortitation (425) i 340 i i I 39 . Miscellaneous income Deductions (426.1-426.5) l 340 1 151,320 t 200,503 1

.................................g 40 . TOTAL Other Incese Deductions (Total of linet 37 thru 39)  ! I 151,320 1 200,503 i 41 . Taies Applic, to Other Incote and Deductions  ! I i  !

42 . Taies Other Than incoee Taies (408.2) I 262-263 1  ! l 43 . Incoee Taxes - Federal (409.2)  ! 262-263 !  !  !

44 Income lanes - Other (409.2) I 262-263 I I I 45 . Provision for Deferred Inc. Taxes (410.2) I 234,272-277!  !  !

46 . (less) Provision f or Def erred Incoee Taxes-Cr, (411.2) I 234,272-277 i I 47 . Investeent Tai Credit Adj.- Net (411.5) i I I I l 48 . (Less) Investeent Tai Credits (420) 1 g

[ l ...............!

49 . TOTAL Taxes on Other Inc. and Ded. (Enter Total of 42 thru 48) i i  ! i s,/

1 1 1 I 50 . Net Other Income and Deductions (Enter Total of lines 35,40,49)  ! l 338,856I (125,996)!

Interest Charges 1 I I I 51 .

$2. Interest on Long Ters Debt (427) I i 1,247,0031 34,625 I

53. Aeortization of Debt Disc. and Expense (428) I 256-257 I I I 54 . Aeortitation of Loss on Reacquired Debt (428.l) 1 256-257 1 i  !

55 . (Less) Anort, of Preatue on Debt - Credit (429) I 256-257 I I i 56 . (Less) Aeortization of Gain on Reatquired Debt - Credit (429.1) I 256-257 I  ! I 57 . Interest on . ..it to Assoc. Ceepanies (430)  ! 340 I 118 481 ! 351 060 1 58 . Other Interest Eigense (431) l 340 t 825,,587 I 1,098,,970 t

59. (Less) Allowance for Borrowed Funds used During Construction-Cr. (432)I I i 43,574 I

: ...............l . ...... ....:

60 . Net Interest Charges (Total of lines 52 thru 59) I I 2,191,071 l 1,441,001 1 61 . Incese Before Extraordinary Itees (Enter Total of lines 21, 50 and 60): 1 2,344,100 I 2,549,2931 62 . Entraordinary itees i  ! I t 63 . Extra:rdinary Incone (434) i i i  !

64 . (Less) Entraerdinary Deductions (435) l I I I 65 . het Extraordinary Itees (Enter Total d line 63 less line 64) I i i  !

66 . Income Taxes - Federal and Other (409.3) I 262 263 i i I

67. Entraordinary ! tees Af ter Taxes (Enter Total of line 65 less line 66) I i t I g  : ...............; ..... ........l 68 . Het Income (Enter Total of lines 61 and 67) i  ! $2,344,100 I $2,549,2931 Page 117 O

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'R An Original Dec.31,1987 NORTHEAST NUCLEAR ENER6Y COMPANY  !

tt STATERENT OF RETAINED EARNINGS FOR THE YEAR

'l 5. Shou dividends for each class and series of capital stock.

l.' Report allretained propriated changes earnings, in appropriated retained earnin rlbuted and unappropriated undiski unap-6. Shos separately the state and federal incoat tai effect of i subsidiary earnings for the year. itees shonn for Acceunt 439, Adjusteents to Retained Earnings.

2

7. Esplain in a footnote the basis for detereining the secunt i Io. Each the credit retained and debit earnings during account therecorded in which year should be identified (Accounts as reserved or appropriated. if such reservation or appropriation is i 433- 436-439 inclusive 1. Show the contra prieary account af- to be recurrent, state the number and annual aeounts to be re-fec{edincoluen(bl. served or appropriated as well as the totals eventually to be at- i

3. State the purpose and secunt for each reservation or cumulated.

appr Griation of retained earnings. 8. if any notes appearing in the report to stockholders are ap-

4. List first Account 439, Adjusteents to Retained Earnings, plicable to this statteent, attach thee at page 122.

reflecting adjusteents to the opening balance of retained earn-ings. Follen by credit, then debit ttees, in that order.

Contra Prieary Line Account No. Itte Affected Atount UhAPPROPRIATED RETAINED EARNINGS (Actunt 216) I 1 1 (

I i 11,162,345 !

l . Balance - Beninnin of Year

2. Changes (identif by prescribed retained earnings accounts) i I I 3 . Adjusteents to Ret ined Earnings (Account 439) i i 1 I  !  !

4. Credits I I l

5. Credit: i 1 I i

6. Credit:  :

1 I 1

?. Credit:

8. Creditt i I I '

TOTAL Credits to Retained Earnings (Account 439) (Enter Total of lines 4 thru 8) l I I 9.

10 . Mitt i i l I I 11 . Debit: I I l  !

12 . Debit I i 13 . Debit 1 i l i I

14 Debit f TOTAL Debits to Retained Earnings (Account 439) (Enter Total of lines 10 thru 14) 1 I I 15 . 2,344,100 i &

1 I I 16 . Balance Transferred free Income (Account 433 less Account 418.1) 17 . (Less) Appropriations of Retained Earnin g (Account 436) I I I T 1 I I I 18 .

19 . I l  ! (

I I I i 20 . l' 1 I I 21 .

22 . TOTAL Appropriations of Retained Earnings (Account 436) (Enter Total of lines 18 thru 21) l I I I  !  !

23 . Dividends Declared - Pref erred Stock (Account 437) 24 . 1 I I i 25 . I 1 l j i

26 . I 1 27 . I i 1 I I I 28 .

1 1 29 . TOTAL Dividends Declared - Preferred Stock (Account 437) (Enter Total of lines 24 thru 28) I 39 . Dividends Declared - Coecon Stock (Account 438) l I l 31 . 1 I  !

$2.1,500 Shares-$1,121.08 Per Share 1 238 1 1,681,620 1 1 I I 33 .

I I I 34 .

1

33. I I 1,681,6201 36 . TOTAL Dividends Declared - Coseon Stock (Account 438) (Enter total of lines 31 thru 35) i 1

I 37 . Transfers free Acet. 216.1, Urapproprinted Undistributed Subsidiary Earnings I 38 . Balance - End of Year (Enter total of lines 01, 09, 15, 16, 22, 29, 36 and 37) l I $1,824,825I i

I Page 118 9

NORTHEAST WUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987 STATEMENT OF RETAINED EARNIN6S FOR THE YEAR (Continued)

Line No. Itee Aeount i APPROPRIATE 6 RETAINED EARNINGS (Account 2151 i i I I i l State balance and purpose of each appropriated retained earnings aeount at end of year and give t i 1 accounting entries for any applications of appropriated retained earnings during the year. I t

! I 1 39 i i  !

40 1 1  !

l l 41 l 42 ! l 43 I , i l I 44 I 45 1 TOTAL Appropriated Retained Earnings (Account 215)  !  !

I I i 1 APFROPRIATED RETAINED EARNINGS - AMORillATION RESERVE, FEDERAL (Account 215.11  : 1 i t  !

I State belon the total amount set aside through anpropriations of retained earnings, as of the end of the ! I I year, in coepliance eith the provisions of Federally granted h droelectric project licenses held by the l I I respondent. If any reductions or changes other than the norea annual credits hareto have beei sade dur- i t ing the year, explain such itees in a tootnote. l t 1 l t 46 i TOTAL Appropriated Retained Earnings - Aeortitation Reserve, Federal (Account 215.1) i I 47 i TOTAL Appropriated Retained Earnings (Accounts 215,215.1) i I 4B 1 TOTAL Retained Earnings (Account 215, 215.1. 216) I $1,824

...........,825 I I  : ....t I UNAPPROPRIATED UNDISTRIBUTED SUBSIDIARY EARNINGS (Account 216.1)  !  !

I I 49 ! Balance - Beginning of Year (Debit or Credit) 1 50 l Eu v in Earnings for Year (Credit) (Account 418.D 51 i (e ! Dividends Received (DeLiti  !

52 I Other Chantes (Eiplain) I i

( 53 i Balance - End of year  ! .

I See Notes to Financial Statements beginning on page 122.

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V NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec 31, 1987 STATEMENT OF CHAN6ES IN FINANCIAL POSITION

1. This statement is not restricted to those itees which are 4. Codes Used noncurrent in nature. It is intended that this statteent be flet- (a) Such as net increase decrease in working capital, etc.

ible enough in nature so that latitude can be given under the other than changes in short ters investeents shown as ites,(e.

claCification of 'Other' to allem for disclosure of all signifi- (b) Bonds, debentures and other long-tere debt.

8aat thanges and transactions , whether they are within or without (c) Net proceeds or payeents, the current asset and liability groups. (di Include coseercial paper.

2. If the notes to the funds statement in the respondent's annual it) Identify separately such itees as investeents, flied report to stockholders are applicable in every respect to this assets, intangibles etc.

such notes should be attached to page 122, 5. Enter on page 122, clarifications and explanations.

stateeent;Other'..specify

3. Bede?

significant aecunts and group others.

Line SOURCES OF FUNDS Aeounts me,3............. .................................... ...... ........ .............................. .........

1.. Funds free Operations  !  !

$2,344,100 1 2.. Net income I i  !

3,m Frincipal Non-Cash Charges ( Credits) to income

4. Depreciation and Depletion  ! 559,069 1

9. Asertiaation  ! t

6. Provision for Deferred or Future Income Taxes (Net) i 528 024 1 7 lavesteent tai Credit Adjusteents t 3,034,,217 l

8. (Less) Allowance for Other Funds used During Construction t 1

l

9. Other (Net) 10 . Miscellaneous t (71,63011 l I I i 11 .

12 . I i I I 13 .

14 i f i

I t 15 .

16 . 1---------------! l 17 . TCTAL Funds free Operations t 6,393,779 l 19 . Funds free Outside Sources (Neu Money)  ! - - --- ------!

10 . Loeg-tere Debt (b) (c) I 226,000 t 20 . Preferred Stock (c) t 1 21 . Cosson Stock (c) i I 22 Net increase in Short-Tere Otht (d) 1 5,500,000 1 Other (Net) l I 23 .

I I 24 .

27. I t 28 . t (

29 . I t 30 , t ...............i 31 . TOTAL Funds free Outside Sources i 5,726,000 t 4

32. Sale of hon-Current Assets (e) 1 ---------------!

33 . t I l

34. Coatributions free Associated and Subsidiary Cospanies I i 1 I

I 35 . Other (het) 1 36 . I I 37 . I t ,

l l l 38 . i 39 , t  !

40 . t 1 41 . I (

42 . 1 -- --- ------- !

$12, 43 . ........................................................................................................119,779 TOTAL Sou ces of Funds t I

Page 120 9

NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987 STATEMENT OF CHAN6ES IN FINANCIAL POSITION APPLICATIONS OF FUNDS Aeounts O- I 44 . Construction and Plant Expenditures (Including Land) 45 . Gross Additions to utility Plant (Less Nuclear Fuell I $7,237,513 i 46 . Gross Additions to Nuclear Fuei i I 47 . Gross Additions to Coseen Utility Plant I i Srcss Additions to Nonutility Plant t I 48 .

49 . (less) Allowance for Other Funds Used During Construction  ! I 50 . Other

( ...............t 51 . TOTAL Applicat...s to Construction and Plant Expenditures t 7,237,513 1 1

I I 52 . Dividends on Preferred Stock 53 . Dividends on Conson Stock i 1,681,620 t I t 54 . Funds for Retiresent of Securities and Short-Tere Debt Long-Tere Debt (b) (c) f I 55 .  !

I 56 . Preferred Stock (c)

Redeeption of Capital Stock i 1 57 . 1 l

59 . Net Decrease in Short-tere Debt (d) i I 59 . Other (Net) 61 .

t i 62 .

l t 63 .  !

64 .

65 . t l

! t

66. Purchase of Other Non-Current Assets (e) 67 .

1 68 .

69. Investeents in and Advances to Associated and Subsidiary Companies i  !

I t 70 . Other (Net) (al 71 . Increase in Working Capital  ! 3,053,538 1 72 . Mistellaneous i 147,100 l I i 73 .

t O 74 75 l '} l V 76 .  !

I l

t 77 . ...............

78 . TOTAL Applications of Funds t $12,119,779 I Page 121 O

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n.

NORTHEAST NUCLEAR ENER5Y CCMPANY An Original Dec. 31, 1987

- NOTES TO FINANCIAL STATEMElliS o

1.a Use the space belos for important no'es regarding the plan of disposition contesplated, giving references to Cossis-Balance Sheet, Statement of Incese for the year Statesent of sion orders or other authoritations respecting classification of Cetained Earnings for the year, and Statesent al Changes in amountsasplantadjusteentsandrequirementsastodisposition Financial Positiofi, or any a: count thereof. Classif y the notes at- thereof, to each basic statesent, providing a subheading f or each 4. Where Accourds 109 Unasertised Loss on Reacquired carding?

statess. except where a note is applicable to sore than one Debt, and 257, Unanarlited 6ain on Reatquired Debt, are not statenent, used,giveanexplanationi providing the rate treatsent given

2. Fernish particulars (details) as to any si these ttees. See General Instructica 17 of the Unifera Systess assets or liabilities existing at end of year,gnificant including a brief contingent ex- of Accounts.

slanation of any action initiated b the Internal Revenue Service 5. Give a concise explanation of any retained earnings restric-I invelving possible assesseent of ad.itional incone taxes of tiens and state the amount of retained earnings af f ected by such eaterial amount, or of a clais for refund of incese taxes of a restrictions, satteial assunt initiated by the utility. Give also a brief explana- 6. If the notes to financial statesents relating to the respon-tion of any dividends in arrears on cueulative preferred stock. dent toepany appearing in the annual report to the stockholders

3. For Account 116, Utility Plant Adjustaents, explain the are applicable and furnin the data required by instructions origin of such ascant, debits and credits during the year, and above and on pages 114-121, such notes say be attached hereto.

See h:tes to Financial Statements beginning on page 123A O

Pa;e 122 i

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l l p,c,3,,39g7 NORTHEAST NUCLEAR ENER6Y COMPANY An Original NOTESTOFINANCIALSTATEMENTS(Continued) t l

)

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I Page123 i

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NORTHEAST NUCLEAR ENERGY COMPANY Notes to Financial Statements

1.

SUMMARY

OF SIGNIFICANT ACCOUNTING POLICIES General: Northeast Nuclear Energy Company (the Company) is a wholly owned subsidiary of Northeast Utilities (NU). The Connecticut Light and Power Company (CL&P), Western Massachusetts Electric Company (WMECO) and Holyoke Water Power Company are operating subsidiaries comprising the Northeast Utilities System (the system) and are wholly owned by NU. The Company acts as agent in constructing and operating the two nuclear generating facilities that are wholly ownod by CL&p and WMECO. The cost of the twe nuclear units is recorded on the books of the affiliated utility companies in their proportionate ownership shares. In addition, the Company acts as agent in constructing and operating a third nuclear generating unit for CL&P, WMECO and other nonaffiliated utilities (associate participants). This third unit, Millstone 3, went into cervice on April 23, 1986. Tbc cost of Millstone 3 is recorded on the books of CL&P, WMECO and the associate participants based upon their proportionate ot:norship shares.

Other wholly owned subsidiaries of NU provide substantial support services to the system. Northeast Utilities Service Company supplies centralized accounting, administrative, data processing, engineering, financial, legal, operational, planning, purchasing and other services to the system companies. NU also has two subsidiary realty companies, The Rocky River Realty Company and The Quinnehtuk Company.

lh All transactions among affiliated companies are on a recovery of cost basis which may include amounts representing a return on equity, and are subject to approval of various federal and state regulatory agencies, public Utility Regulation: NU is registered with the Securities and Exchange Commission as a holding company under the public Utility Holding Company Act of 1935 (the 1935 Act), and it and its subsidiaries, including the Company, are subject to the provisions of the 1935 Act.

The Company is cubject to further regulation by the Federal Energy Regulatory Commission (FERC) and follows the accounting policies prescribed by the FERC.

Revenues: The Company provides services to the affiliated utility companies on the basis of recovery of cost plus return on capital, as defined under the terms of agreements which have been approved by various federal and state regulatory commissions having jurisdiction over operations of the Company and the affiliated utility companies.

O 123A

NORTHEAST NUCLEAR ENERGY COMPANY Notes to Financial Statements (Continued)

(q s_) Depreciation: The provision for depreciation is calculated using the straight-line method based on estimated remaining useful lives of depreciable utility plant in service, adjusted for net salvage value and removal costs. Except for major facilities, depreciation factors are applied to the average plant in service during the period. Major facilities are depreciated from the time they are placed in service.

When plant is retired from service, the original cost of plant, including costs of removal, less salvage, is charged to the accumulated provision for depreciation. The composite depreciation rate was 4.8 percent in 1987.

Income Taxes: The tax effect of timing differences (differences between the periods in which transactions affect income in the financial statements and the periods in which they affect the determination of income subject to tax) is accounted for in accordance with the ratemaking treatment of the applicable regulatory commissions.

In December 1987, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 96, Accounting for Income Taxes (SFAS 96). SFAS 96 superseder previously issued income tax accounting standards and will be effective.in 1989. The Company expects that when SFAS 96 is adopted it will increase assets and liabilities but will not have a material effect on net income.

2. SHORT-TERM DEBT O The Company has access to joint bank credit lines totaling

$38 million. Amounts utilized by other system companies under these joint credit lines will reduce the amount available to the Company.

Terms call for interest rates not to exceed the prime rate during the borrowie.g term. Although these lines generally are renewable, the continuing availability of the unused lines of credit is subject to review by the banks involved. Compensating balances for the system companies are maintained in connection with these bank credit lines which, at December 31, 1987, amounted to $1.9 million. At December 31, 1987, the amount of unused available borrowing capacity under the credit lines available to the system companies was $13.0 million.

3. LEASES The Company has entered into lease agreements with two unaffiliated third parties for the use of nuclear control room simulators (simulators) for Millstone 1 and 2, and the system's share of the Millstone 3 simulator. These leases are accounted for as capital leases. In addition, the Company's affiliates have entered into lease agreements for the use of data processing equipment, office equipment, vehicles and office space. The Conpany is billed for its proportionate sharn of these leases through the intercompany billing system. The provisions of these lease agreements generally provide for renewal options.

() Rental payments charged to operating expenses amounted to approximately $4,137,000 for capital leases and $9,176,000 for operating  ;

leases in 1987. Interest included in capital lease rental payments was approximately $3,154,000 in 1987.

123B

NORTHEAST NUCLEAR ENERGY COMPANY Notes to Financial Statements (Continued)

Future minimum rental payments, excluding executory costs such as h property taxes, stato use taxes, insurance and maintenance, under long-term noncancelable leases as of December 31, 1987 are approximacely:

Capital Operating Year Loanes Leases _

(Thousands of Dollars) 1988................... .......... $ 4,100 $ 4,400 1989........... ... .............. 4,100 2,800 1990.............................. 4,100 1,800 1991.............................. 4,100 1,000 1992........... .................. 4,100 900 After 1992....................... 34,500 11,000 Future minimum lease payments..... 55,000 $21,900 Less amount representing interest. , 25JO Present value of future minimum lease paymenta............... ... $29,600

4. RETIREMENT PLAN The Company participates in the Northeast Utilities Service Company Retirement Plan (the Plan). The Plan, which covers all regular system employees, is noncontributory. Benefits are based on years of service and employees' compensation during the last five years of employment.

The Company has adopted the provisions of Statement of Financial Accounting Standards No. 87, "Employers' Accounting for Pensions,"

(SFAS 87) effective January 1, 1987. As required by SFAS 87, the actuarial cost method was changed from the entry age normal method to the projected unit credit method.

It is the policy of the Company to fund annually an amount at least equal to that which will satisfy the requirements of the Employee Retirement Income Security Act (ERISA). Pension costs are dotermined using market-related value of pension assets. Pension assets are invested primarily in equity securities, bonds, and insurance contracts.

The components of not pension cost fer the Plan for 1987 are:

Service cost $ 32,812,000 Interest cost 54,318,000 Return on plan assets (36,811,000)

Net amortization (31,161,000)

Net pension cost $ 19,158,000 The Company's allocated portion of the system's pension cost approximated $2.8 million in 1987.

O IJ3C

NORTilEAST NUCLEAR ENERGY COMPANY Notes to Financial Statements (Continued) f% For calculating 1987 pension cost the following assumptions were

(_) used:

Discount rate 8.5%

Expected long-term rate of return 9.7%

Compensation / progression rate 7.5%

The following table represents the plan's funded status at December 31, 1987:

Accumulated benefit obligation, including

$358,957,000 of vested benefits j397,549,000 Projected benefit obligation $664,338,000 Less: Market value of plan assets 701,462,000 Projected benefit obligation surplus 37,124,000 Unrecognized transition amount (36,259,000)

Unrecognized net gain (16,387,000) ,

Accrued pension (liability) $(15,522,000)

The following actuarial assumptions were used in calculating, the Plan's year-end funded status:

Discount rate 9.5%

Compensation / progression rate 8.5%

O In addition to pension benefits, the Company provides certain health care and life insurance benefits to retired employees. The cost of providing those benefits was not material in 1987. The Company recognizes health care benefits primarily as incurred and provides for life incurance benefits through premiums paid to an insurance company.  :

5. COMMITMENTS AND CONTINGENCIES The construction program is subject to periodic review and revision, and actual construction expenditures may vary from such estimates due to factors such as revised estimates, inflation, revised regulations, delays, the availability and cost of capital, and actions by regulatory bodies.

The Company currently forecasts construction program expenditures of $3,405,000 for the years 1988-1992, including $1,805,000 for 1988.

i 1

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123D I

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NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987

SUMMARY

OF UTILITY PLANT AND ACCUMULATED PROVISIONS

• FOR DEPRECIATION, AMORT!!ATION AND DEPLET10N Line Ites Total Electric No. (a) (b) (c) 1 UTILITYPLANT i  ! i 2 In Service i  !  !

3 P; ant in Service (Classified) 1 (21 919)I (21 918)!

4 Property Under Capital Leases i 29,508,,070 l 29,586,,070 1 5 Plant Purchased or Sold  ! OI I 6 Coepleted Construction not Classified i 15,146,130 t 15,146,130 1 7 Experimental Plant Unclassified I i  !

8 TOTAc (Enter Total of lines 3 thru 7) 44,712,282 1- 44,712.202 1 1 0( l 9 Leased to Others 10 Held for Future Use 1 0i t 11 Construction Work in Progress  ! 6,994,569 ! 6,994,569 1 12 Acquisition Adjusteents 1 0t i TOTAL Utility Plant (Enter Total of lines 8 thru 12 ) 1 51, ,851 1 51, ,831 1 13 Aeort. & Dept. I 1 ,464 1 1 ,464 1 14Accue.Prov.forDepr.,(Enterletalofline13less14) 15 Net Utility Plant 1 4 9,, ,347 ! 49, ,367 1 I  ! I 16 DETAIL OF ACCUMU'.ATED FROVISIONS FOR DEFRECIATION,AMORit!ATIONANDCEPLETION I I I

! l  !

17InServitet 1,675,015 t 18 Depreciation 1 1,675,015 t 19 Aeort, and Dept. of Producing Nat. 6as Land and Land Rights I 1 1 20 Aecrt. of Underground Sterage Land and Land Rights  ! OI I 21 Ascrt. of Other Utility Plant  ! 0: l 22 T01AL .n Service (Enter Total of lines 18 thru 21)  ! 1,675,015 1 1,675,015 1 23 Leased to Others  ! i i 24 Depreciation 1 01 25 Ae:rtitation and Depletion  ! 37 469 ! 37,469 !

26 TOTAL Leased to Others (Enter Total of lines 24 and 25) 1 37,,469 1 37,469 1 27 Held for Future Use i  ! l 28 Depreciation 0t i O

f 0t  !

29 Asartization 1 30 TOTAL Held fer Future Use (Ent. Tot of lines 29 and 291 1 01 01 31 Abandonnent of leases (Natural Gas) t 0t i 32Aeart,ofPlantAcquisitionAdjusteent  ! OI 1 33 TOTAL Accueulated Provisions (Should agree eith line 14 I 1,712,464 i 1,712,464 f above)(Enter Total of lines 22, 26, 30, 31, and 32) t I  :

Page 200 I

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NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987 NUCtEAR FUEL MATERIALS (Accounts 120.1 through 120.6 and 157) h

1. Report belos the costs incurred statteent thening the amount of nuclear for nuclear fuel saterials in process of fuel leased, the quantity used and f abrication, on hand, in reactor, and in quantity on hand and the costs in-coolingl owned by the respondent. curredundersuckleasingarrange-

2. If the nuclear fuel stock is obtained cents.

under leasing arrangesents, attach a Changes During Year Balance Line Gescription of ites Additions (a)

Beginning)of (b Year (c)

No.

i INclear Fuel in Process of Refinteent i I I 2 t Conversion Enrichsent 6 Fabrication (120.1) I i 1 3 I Fabrication I t 7,297,774 1 4 I Nuclear Materials  !  !  !

5 l Allowance for Funds Used during Constructioni i  !

6 l Other Overhead Construction Costs i I  !

7 g g............ ...g........ ..

.....t B l SUBTOTAL (Enter Total of lines 3 thru 61 1 01 7,297,774 !

g : q.................g...................g 10 thclear Fuel Materials and Asseeblies  ! I I 11 1 In Stock (120.2) l l 14,408,125 l 12 1 In Reactor (120.3) 1 I t 13 I t-----------------l-------- ----------I 14 i Sult0TAL (Enter Total of lines 11 and 12) ! OI 14,408,125 t 15 1 l-----------------I i 16 ISpent helear Fuel (120.41 1 1 1 17 ! Nuclear Fuel Under Capital Leases (120.6) i 1 1 18 Iless Accue. Prov, for Aeortitstion of i 19 I helear Fuel Assemblies (120.9 I

I I i O W

2o

.. ........ .g...... .... ...t 21 1 10f AL helear Fuel Stock (Enter Total  ! I I 22 t lines 8,14 ,16 and 17 less line 191 1 01 21,705 899 1 23 1 I================$t========vi====,====1 24 IEstiaated Net Salvage Value of Nuclear  ! I I 25 l Materials in line 12 I I I 26 IEstteated het Salvage Value of Nuclear 1 I I 27 i Raterials in line 16 I I I 2B IEstinated Net Salvate Value of Nuclear 1 I i 29 i Materials in Cheefcal Processing  !  ! l 30 thelear Materials Held for Sale (157) I  !  !

31 I uranius t t i 32 1 Plutontue I t t 33 i Other 1 i 1 34 1 TOTAL helear Materials Held for Sale t i  !

35 t (Enter Total of lines 31, 32 and 33) I 1 t 36 l 1 1 t 37 1 1 1 1 30 1 1 I I 39 I I I I 40 1 I t i 41 l 1 1 I 42 1 1  : I 43 ((A) Billed to Millstone 3 Participants. I i 1 14 1 1 1 I 45 I i 1 1 46 I I I l Page 202 O

NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987 NUCLEAR FUEL MATERIALS IAccounts 120.1 through 120.6 and 157) (Continued)

Changes During the Year Other Reductices (Explainina Balance Aeortitation footnote) End of Year Line (di (e) (f) No.

1 I I i 1 1 1 1 I I 2 I I I 7,302,074 lAll (4,300)I 3 I i 1 1 01 4 I I i 1 01 5 I I I I 0l 6 I

t. .... ............ .j ...... .....................].. .. .............. .. t 7 :

I I 7,302 I (4,300ll 8 I

........... ...............l.............. ....... 074

.......t l 9 1 I I i 10 1 I i 14,400,125 (All 0 1 !! !

! I 0 1 0 l 12 i

g. .. .... .. ...........[.. ...... ...................g.. .... .......... ....: g3 :

1 1 14,406,125 1 0 1 14 1

..... ............ .......i...............................g.... ...... .. ..........I 15 I I I I 0 l 16 1 I i I i 17 l 1 I I i 18 I I i 1 0 1 19 i s [. .. .................g....... .......... .. .....g... ....... .. ........I 20 t i I I I 21 I i i 1 21,710,199 I (4,300)! 22 1 1............................:...............................[............................I23 I I I I i 24 I I I i iM i

! I i 1 26 I I I I I 27 i

! I i 1 29 I I I I I 29 I i 1 I i 30 I I i 1 1 31 I i l  ! I 32 i i l i 1 33 l t i l I 34 i

, I I I I 35 1

!  ! I IM i i l i 1 37 I I I I IX i l  ! I i 39 1 1 I i 1 40 t 1 1 1 I 41 l l 1 1 I I 42 I I I I I 43 1 1 1 1 1 44 I I I I l 4;i i l I i 1 46 I Page 203

An Original Ce:. 31, 1987 NCRihEAST huCLEAR ENER6f COM AhY ELECTRIC PLAh! lit SERylCE (Accounts 101,102,103,106)

1. Report telca the ort reversals(b).ofLikeelse, tentativeifdistributtens of krior as ayear reported in according to the prescrdinal ed accounts, cost of electric plant in coluenservice the respondent significant

2. In addition to Account 101, Electric Plant in Service aeount of plant retirements the end of the years include in (Classified) this p n e and the nest include Account 102 Elec- coluen (d) a tentative distribution of such retireeents, on an tric Plant Pu,rchased or Soldt Account 103 Esperisental das estimated basis, eith appropriate contra entry to the account Plant Linclassifiedi and Account 106, Ces;,1sted Constructlen f or accueJ!ated depreciation provision. Include also in coluen X:t Classifies Electric. (d) reversals of tentative distributions of prior year of un- .

Include in ecluan (c) or ($1, as ap;re;rtate, correttiens classified retirteents. Attach supplemental statesent shoeing 3.

of additions and retiresents for the current er preceding year. the account distributions of these tentative classifications in 4, Enclese in parentheses credit adjustsents of plant colunis (c) and (d), including the reversals of the prior years accounts to indhate the negative ef f ect ci such accounts, tentative account distributiens of these assunts. Careful on- '

5. Classif y Account 106 according to prescrited accounts, en servance of the ateve instructions and the tests of Accounts 101 and 106 mill avoid stricas caissions of the reported ascunt an estinated celuis basis (c) . Also if necessary$

to be and include include in coluta (c) arethe entries entries ferin of respcodent's plant actually in service at end of year.

Balance at A: count Additions  ;

Line leginning)ofYear (c) ,

(a) (6 No.

i  !

11 1. IntAh51 ELE FLAhi l ,

i I  !

2 ll301) Cr;anization ' '

t l 3 11:02) Franchises and Consents 4 11303) Ristellaneous Intangible Pl:St i l I l 51 TOTAL Intagitle Plant (Inter Total of lines 2, 3, and4) 1 01 0I t I  !

61 2. PR03C11CN PLANT l

A. Steae Prohttien Plant I  !

7I 8 1(310) und and Lard lughts 1 I l 9 It311) Structures and Is;rovtsents  ! I i t  !

10 it312) Boiler $lant Equipaent t ,

t i  ! i 11 1(313) Engines and Engite Driven Generaters 12 11314) turtogererater Units i I I 13 1(315) Accessery Electric Equipsent la ll116) Misc. Pc.er Plant Etat; stat i 1 1 15 1 TOTAL Stese Production Plant (Enter total of lines 8 thru 14) 1 01 01 16 i B. haclear Prodsttica Plant i i i 17 1t320) Ord and Land Rights i  ! (

19 11321) Structures and le rovesents  ! 10,500,023 1 1,560,274 1 19 tt322) Reacter Plant E p psent  ! I i i 1 20 11323) krec;enerator Un ts 1 21 1(124) Accessory Electric Equissent i I I 22 it:25! N ic. Pcaer Plant Etatssent i 409 1 ,

10,909,,858 631 t 1 3,,958,227 418,501 l :

23 i !CIAL Oclear Predaction Plast (Inter total cf lines 17 thru 22) I i 2a : C. Hydraulic Prcduction Plant  ! I I 25 I(MO) und and Land R1; hts 1 1 1 i 26 It331) itructures and Isprevesents i 1 1 27 18332) Reservoirs taas, and Watersays t i 1 29 !(333) hater hheels, tu bines, r and Generators i I I .

1 29 11334) Accessv y Electric E;utssent i 1 30 l(335) Nic. Peser Plant !qat;sent i i 1 31 It336) Scads, Railrcals, and Brid es 1 1 32 1 TOTAL Hrdraalic Predaction Planl (Enter total of lines 25 thru 31)! OI 01  ;

33 ! D. Other Prchttien Plant i 1 1 34 It340) und and Land Rights i t 1 35 It341) Structuresandla;rovements 1 1 36 II342) hel Holders, Prcducts and Accesscries 1 i  !

37 11343) Prise movers t t t t I I 33 11344) Generaters 39 11 45I Accesscry Electric Equipaent l l l Pne 204 r

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N3RihiA31hTLIARth(RifCOMPANY AnCriginal Dec. 31, 1967 ELECTRIC FLANT IN SERVICE (Acccants 101, 102, 103, and 1061 (Continued)  ;

O 6. Sh: in celssa (f) reclassifications er transf ers within utility plant attcunts. Include also in coluen confersing to the re4airements of these pages.

If) the additicns er reductions of crisory stecunt thening subacccunt classification of such plant

8. For each asunt cceprising the reported classifications aristol free distribution of aan nts calaite and changes in Atteknt 102 state the initially reccrded in Acteunt 102. In shc ing the property purchased or sold, naae c vendct er clearance of AccNat 102, include in coluu le) the purcilaser, and date of transactico. Ifpro-teNats eith res;ett to accusalated provisten fer pesed jnrnal entries have been filed sith de;reciatten, acquisitica adjustsents, etc., and the Ccanistica as re;utred by the Unif ers thcs in coluan (f) caly the of f set te the debits Systee of Accounts, give also date of such cr credits distributed in coluss til to pristry filing, '

archnt Classifications.

7.FcrA: chat 399,statethenatureanduseof plant included in this acccunt and il substast-

'!!.!".!!!S!.!!!!!!.!.!H!!!!!a!!0.!!!!!!!!!..........................................................

Palance at Aetirisents Adjusteents Transfers End of tear Line L (d) (e) H) (g) he.

1 I i  ! i i 11 1 1 1  ! $0 l(301) 1 21 I i i 1 0 l(302) ! 31 1 1 1 I 0 1(303) 1 4i

! O! O! 01 0t i 5I i 1 1 1  ! 61  :

1 1 1  ! I 1 7I "

l  ! I l 0 l(310) ! 6I i  ! I l C f(311) ! 91 ,

i I i 1 0 1(312) i 10 1

1 I I 0 1(313) I !! I 1 1 1 1 0 1(314) I 12 l 1  ! I I 0 1(315) i 13 I I

! I 1 0 f(316) I 14 i 01 01 01 01 l 15 1 I  !  ! I I i 16 i l 0 l(3201 1 17 1 O

!  ! I 1 26,256 !  !  ! 12,034,0391(321)1 1B !

I i 1 1 0 ((3221 1 19 I i 1 i 1 0 l(323) 1 20 I .

I I i t 0 l(324) 1 21 1 1 I i 1 2,260,065 !(3251 1 22 t  ;

I !6,2:3 1 01 01 14,302 124 1 1 23 1 i

!  ! I i i 1 24 i f 1 I I I 0 l(3301 I .25 i '

I i i 1 0 1(331) ! 26 1 l 1 1 1 0 1(332) 1 27 I i t i 1 0 1(333) ! 29 I i i 1 0 l(134) I 2t I -

l 1 1 1 0 f(3:51 1 30 1 1 i i 1 0 l(3361 1 31 1 1 01 0i 01 01 1 32 1 1 I I i 1 1 33 1  :

1 1 1 1 0 1(3401 1 34 I I I i 1 0 1(341) 1 35 1 1 I I I 0 1(342) i 36 1 1 I i 1 0 1(343) 1 37 !

I I i 1 0 f(3441 1 38 1 l 1 1  ! l 0 1(345) 1 39 1  ;

i

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~

Fa;e 2C5 i

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EAixEAST h4LEAA DEE6f C M ANY An Cengtnal Sec. 31, 1987 ELE;iA!C FLA%i lh SERilCE ( Acceants 101,102,103,106)

Balante et lige A:tten t leginning ci itar Additions he, (al Ibi (t )

40 1(346) Mist. Fe.er Plant Equipant  ! I 1 41 10TAL Other Frchttic'i Flant tinter ictal ci lines 34 thru 40) 1 01 01 42 i TOTAL Frecuttien Flant IEnter ictal of lines 15, 23, ;2, and 4111 10,909,661 1 3,418,501 1 a3 : 3. imSMISSICN FLA%T l t 1 44 l(350) Land u s Land Rights i l I 45 ;(352) Structures and la;revesents 1 I 46 it353) StationEquipsert  ! I i l i

47 1(354) iceers ans Fistures I 1 48 :(355) Fcles and Flitures i  ! i 41 l13!6) Cierhead Ctnhtters and Chttes I I 50 14357) Lndergreand Conduit i I l 5110:3) Underground Cennsters and Cevices  ! l  !

52 1135i) Ecads and trails  ! I L 53 l TOTAL Tressissica Flint (Enter ictal ci lines 44 thru 52) 1 01 0l 54 i 4. OlSTR; W il0% PLANI i 1 1 55 l O60) L,and and 1,and Rights  ! l 1 16 :(361) Struttures and 1s;revesents  !  ! 1 57 l1362) Stati:n E;aissent i I I 53 l(363) Sterage Battery Eqatssent l l  !

Si l1364) F:les, Icmers, and Flati.res  !  !  !

O II365) 0 arhea$ Ccnhtters ant teittes 1 l 61 l066) L?ter;rced techit I i l 62 l1367) 1,ntergreand Cenh:ters and !: vices I  ! l 63 :(!!il Line Transic sers  : 1 i 64 ; Q67) Services  !  ! l 45 l6370) Peters I i  !

e6 ;t371) Irstallaticns en Custcser Frestles l l  !

67 : C72) Leased Freperty ca Cust:ser Fresists i i  !

LB ! G7h Street Lt;5ttt; aa.$ Signal 5,stess 1 i 69 ; TOTAL ltstratutten Plant (Enter Tetal of linen 35 thru 63) 1 0i 0l 70 : 5. EEhERAL FLA%f 1 71 11351) Land and Lara Rights I i i 72 l(350) Stri,ttsres ans le;rovements  : 1 i 73 :(lill Citate F6tniture and Etwi;aent 1 769,710 i 52,370 :

74 !!3921 frans;;rtaticn Equigaent  ; 1 1 75 !4313) 5 teres Etat;sent i 1 1 76 l G14) it:ls Shep and Gara;e E;st;aent i i  !

77 l(315) Lat:ratcry itui sent 1 I 1 70i096)Fc.erC;erated[qsi:aent i  ! l 7i l 097) C:ss.nttatten !Quitstat I i  !

63 !Oia) Mastellamus Equipsent i t  :

il l S.li3% l Enter Ictal el lines 71 thru 60) i 769,718 1 52,370 62 ;I314! itter fat;tble Preperty 1 1 63 : TOTAL Eestral Plant (Inter ictel ci lines il and 92) 1 769,718 1 52,370 i 64 ! TCIAL tAtteants 101 and 106) I 11,679,599 1 3,470,871 l 65 l(102) Electric Plant Furchased 1 I 66 1(Less) (102) Electric Plant 5:10 1  : I 67 :(103) EspertsentalFlanttntlasstined l t i 53 : i;f A Electric Plant in Service  ! sil,679,5i9 ! $3,470,871 I Page 206 O

1i MRTHEAll WCLEA*. ENER8Y COMPANY AnOriginal Dec. 31, 1987 l

ELECTRIC FLANT IN SERVICE (Accounts 101,102,103, and 106) (Continued) /

941 ance at

• O Retirteents-(d)

Adjusteent.

(e)

Transfers (f)

End of Year (g)

Line No.

i 1 1 1 0 1(346) 1 40 t 1 . 01 01 0l 01 1 41 1 l 1 26,2581 ,01 01 -14,302,124 1 1 42 I i I I I 1 1 43 i i

! i  ! l 0 !(350) 1 44 I i

! i i 1 0 l(352) 1 45 1 ';

!  ! I 1 0 l(153) 1 46 .1 I  !  ! 1 0 l(354) 1 47 1 i 1 1 1 I 0 f(355) 1 48 1 >

!  ! I i 0 l(356) ! 49 1 i

!  ! I I 0 1(357) 1 50 t 1 I I I 0 1(358) I 51 1 -

1 I I i 0 l(359) 1 52 l 1 01 01 0t .01 1 53 I i

! i 1 1 1 1 54 1

! I I i 0 1(360) i' 55 I I 1 1 I 0 1(361) ! 56 1 1 I I I 0 1(3621 1 57 i

!  ! 1 I 0 1(363) ! 58 I I i 1 1 0 l(364) 1 59 I i i i 1 0 1(365) I 60 1 1 1 l 1 0 1(366) ! 61 I I I I -1 0 1(367) I 62 I I I i  ! 0 1(368) l 63 I I i l 1 0 1(369) ! 64 1 i 1 1 1 0 1(370) 1 65 I I I i 1 0 1(371) ! 66 i l l I I 0 !(372) 1 67 I I I i 1 0 1(373) 1 68 1

! 01 01 01 01 1 69 1

!  ! I I I I 70 l

! I I i 0 1(389) ! 71 1 O I 1

I I

I I

I i

i I

1 1

0 f(390) ! 72 1 822,088 1(391) i 73 I 0 11392) I 74 1 1 I i 1 0 1(393) I 75 I I I I L 0 l(394) 76 !

I I I I 0 1(395) 1 77 1 1 I I I 0 l(396) 1 78 1 -

1 I  ! l 0 f(317) 1 79 I I i i 1 0 l(398) 1 80 1 1 01 01 01 822,08Bi 1 81 1 I i l 1 0 f(399) 1 82 1 1 01 01 01 822 088 1 1 83 I I 26,2581 01 0l 15,124,212

, I I S4 I I i i 1 0 l(102) 1 85 I i i  ! I~ i  ! 66 1 I I I 0 l(103) 1 87 I I $26,258 8 80 1 80 1 15,124,212 !  ! 68 i P4;e 207 O

4 k

l

' ~

to .. l e u C l 4 4dLL t . .. i 6 .. (3.. 1.01 J *J a v

( I J J l_ t il D LUf 4'li b e K.1 l ui4 f aO T LLELif ICD

. L. L I.n v 41 l i v, - LLLL!hlL i hui l h l y DELEMbCD 31, 1907 1

1 1 COtJS i buC I I Ur4 RE T 1 REML te l S 3 blVLhSAL [A (C) RLVLRSAL OF (D)

I (,LCDUNT 12/ ".1/ C6 12 / '.1/ b / 14t T 12 / 31/ t>t> 12/31/8,' I4L T t4UMi4.R 11ILL N.L Ai 4CL 1.AL At4CE 12/31/O7 AMOUNTS f.MOUN T S 12/31/07

'l i-F ODUL T I Gt4 F L Aid i i S T E f4M f *0DtX~1

. ION r L Ard T I 31 8 Lfor.D (As L(+lO I< I GHi b 311 GTRUCluPES f.ND I MPE DVLMr t4 T S l 312 ICILER F Li.f 4 T L OU l f'Mt rJ T 313 EiJGIt4E S AND CfJbi t4E DR I V L l4 bLt4Ei<i.T C ,

314 1 UhDGGLt4E fi A104 U1411 b l 715 ACCESSGhV ELLC T R I C E DU l f-hE N T 4

l 336 MISC. ThER F'L AN T E OUI Ft1EN T i ___ ..____________________________________ _________ _ _ _ _ _ _ _ _ _ _ _ . _ _ _ _ . . _ _ _ _ _ _ _ _ _ _ _ _ _

.i TOTAL STEAM I'60DUC T I Ord I'L AN T tabCL E T.R FLODUCT 1 D74 PLfNT i 320 LAND AND LAt4D h!Ge415 321 STRUC10 hts AND I t1Ph 0VEME N T S ( I t a . S. a > ,023 ) 12,960,2?7 1.560,274 26,2'"4 26,238

! 322 REACTOR F'LAt4 T EUUlfMENT 323 T URI<OGE NE G A T OR UrJ I T S o" 324 ACCES*X)R Y ELECTRIC COUIFMEt4T l > 325 tilSC. TOWER l'Li.f 4 I EDU1FMLNT 4 4 W/ ,0b8 ) 2.263,745 1,853,G87 i

i _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . _ _ _ _ . _ _ _ . _ _ _ _ _ _ _

TOTAL NUCLEAN fhUDUCTIOld f -L Af 4 I ____( 10. V0'/ , t3 01 )- . _ _ _ _ _ _14,324,042

_ _ _ _ _ _ _ _ _ . _ _ _ _ _ 3,414.161

_________._ 26, 3 3 26,258 I

HYDR AUL I C F'RODUC T I ON F'L AN T 330 LAND At4D L AND R I GH T S I 331 STRUC10RES AND IMPh0VEMLt4T S 332 RESERVUIRS, D At"S . f.ND WATERWAYS j 333 WATLR WHEELS, TULDINES, AND GL f 4EliA10RS

• 334 (+CLESSORY CLECTRIC EQUIPMENT l

, 335 NISC. FTJWER F'Lf N T LOUll' MENT

' 336 F< CADS, kAILROADS, AND DI< I DGES i

i TOTAL HYERAULIC F'RODUC T I ON F'LAtJ T .

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l NORTHEAST WCLEAR ENER6Y COMPAWY An Original Dec. 31, 1987 CONSTRUCi!ONWORKINPROGRESS-ELECTRIC (Account 107)

A 1 . Report belos descriptions and balances at end of year of projects Desonstration (see Account 107 of the Unifora Systes of At-Q ta process of construction (107),

2. Shos itees relating to 'researth, devalopment and deeonstratien' counts).

3.Minorarojects(51oftheBalanceEndoftheYearfor projects last, under e caption Research, Development, and Account 107 or $100,000, shichever is less) say be grouped.

Construction Work Estiaated in Pro Additional Cost DescriptienofProject Electric (gress . Account 107) Of Project

1. MP 1 2 & 3 Motor Operated Valve Signature Test Equipeent t 000 I I 2 . MP 1,Seiselt Pipe Supports 1

$306,000 l  !

3. MP 2 Spare Reactor Coolant Puep Motor  ! 274,600 327 1 I 4 . MP 2 Resistance Trecerature Detectors  ! 1,970,G4 i 1 1 5.MP3CoststoleBilledtoParticipants 1 943 691,000 I I 6 MP 1 liac Inlettien Passivation Process i t  !

7 . MP 1, 2 & 3 Radeaste Coepactor i 100,000 316 t  !

147,066 I i 9 . MP 1 E traction Steae Piping Replatteent i 10 . Minor Itees (60) I 2,661,,556  ! t 11 . I I I 12 . I I i 13 . I  ! t 14 . I  ! I 15 . I 1 1 16 . 1 l 1 I 1 1 17 .

19 . I 1 1 19 . I (  !

20 . 1 I I I 1 1 21 .

22 . I  !  !

23 . I  !  !

24 I i 1 25 . t I I 26 . 1 I I 27 . I  ! 1 29 . I I I

~) 29 . I I I

30 . 1 31 . I 1  !

32 . t I t 33 . I t 1 34 t I t 35 . I 1  !

36 . 1 I I 37 . I 1 1 39 . I I I 39 . I I  !

40 . I 1 1 41 . I t t 42 . I t t 43 . I  !  !

44 . 1 i  !

45 . I t  !

46 . TOTAL I $6,994,569 1 1 Page216  ;

O d

WORTHEAST NUCLEC ENER6f C093 An Original Dec. 31, 1987 C0hSiRUCT10N 0?ERhEADS-ELECTR19

1. List in coluen la) the kinds of overheads according to overhead apportionsents are made, but rather should esplain on page 218 the titles used by the respondent. Charges for outside pro- attounting procedures esployed and the atounts of engineering, supervision etc. wh fessional services or supervisica fees for engineerin!ould capitalized s be sheen asfeet and and adeintstrative etnagement

4. Enter costs,ineerIng,ich on this page eng are directly supervision, adainincharked to construction, rative, and allo.

separate itest, mance for funds used during construction, etc., which are first assigned

2. On page 218 furnish inforestion concerning construc- to a blanket work order and then prorated to construction jobs.

tion overheads.

3. A respondent should iot report 'none'.to this pn..e if no Total Aeount testription of Ostrhead Charged for the Year

! l Payroll Overheads I 107 055 1 2 I Engineering and Supervision Overheads I 1,189,,158 1 3! I t 41 1 5I t l 6I I I

?I I I Bl 1 1 91  ! t 10 t 1 i 11 I i 1 12 1  !

13 i t i 14 ( l 15 I I t 16 i I t 17 1 1 1 18 I I i 19 1 I I 20 1 I  !

21 1 1 1 22 t i I 23 1  ! 1 24 1 1  !

25 1  !  !

26 t i I I

29 I I I 30 I t  !

31 1 1 1 32 l l l 33 I I I 54 I I l 35 1 l t 36 I I l 37 1 1 38 I I I 39 1 I t 40 l I I 41 I I t 42 1 1 1 43 1 1 I 44 I I I 45 1 1 .-....-..-.....!

46 i TOTAL 1 1,295,213 1 Page 217 O

NORTHEAST WUCLEAR ENER$Y COMPANY An Original Dec.31,1987 BENERAi, DESCRIPil0N OF CONSTRUCilCN OVERHEAD PROCEDURE

1. For each construction overhead en laint (a) the nature and 2. Shoe belos the coeputation of allosance for funds used entent of work etc the overhead c arges are intended to cover during construction rates in accordance with the provisions (b) the general proc., e dure for deteretning the aeount capitalized,, of Electric Plant instrutlions 3 (17) of the U.S. of A.

(c) the eethod of distribution to construction jobs, (d) whether 3. Where a net-of tat rate for borrowed funds is used show diHerent rates are applied to diHerent types of construction, the appropriate tan effect adp.steent to the coeputatlons be-le) basis of dif ferentiation in rates for ilfferent types of con- los in a sanner that clearly todicates the teount of reduction struction, and (f) whether the overhead is directly or indirectly in the gross rate for tai ef fects, assigned.

1. PAYROLL CVERHEADS An annual revies is eade of the relationship of ecoloyee benefits and payroll taxes as to a percentage of total labor.

These reulting percentages are applied to direct labor charged to construction as (0110:58 Payroll Taxes 6.301 Pensions 6.71 Other Eeployee Benefits 6.71 InjuriesandDasages 3.72 Total 23441

..m.

2. EN61NEERlh6 AND SUPERVISION Certain engineering and supervisory per6cnnel charge their time spent on activities of a capital nature to a blanket work order, these charles are subsequently prorated to construction work orders based upon sonthly Company and contractor payroll expenditures to each a;plicable project.

COMPUTAi!ON OF ALLOWANCE FOR FUNDS USED DURING CONSTRUCTION RATES coluen (d) belos, enter the rate granted to the last rate For line 1(51lf such is not available, use the average rate earned during proteiding.

the preceding three years.

O 1. Cosponents of Foreals (Derived free actual boek balances and attual cost ratella V

i Ca italitation CostRate !

I Line Title Aeount Ra to (Percent) Percentage !

ho. (a) (b) (c) (d) I

I ......... ................................................................ .. ...........;

I (1) I Average Short-Tere Debt IS I 1 1

! 12) IShort Tere laterest i I is  !

I I (3) !Lont Tere Debt 10 1 16 I (4) IPreferred Stock IP 1 13 I I (5) Itoseon E IC 1 tc  !

! (6) (Total Ca;quity ntalitatter I I (N)11 1 I (7)  ! Average Construction Work I I I I I I in Frogress Balance IW l  ! 1

2. Grcss Rate for lorresed Funds S D S 21 s (-) + d (----) (1--) APPLICABLE W D+P+C W

3. Rate for Other Funds S P C (1-.1 [p t.....) +c t-.-.11 W D+P+C D+P+C

4. urighted

a. Rate fAverage Rate or errowed FundsActually Used for the Years

b. Rate for Other Funds -

Page218 O .

l 1

rJklHEASI ffJCLEAR ENEIGT COMPAM nn Original Dec. 31,1987 ACCUnULATED PROVISION E0k IiEFkECIAfl0N DE ELECTRIC Utillf1 PLANT ( Account 108)

1. Explain in a footnote any toportant adjusteents dur- the respondent has a st3ntiteant neount of plant retired at Ing year , year end which has not t>een recorded and/or classifled to

2. Explain in a footnote any differerce between the the various reserve functional classif teations, oane incunt for book cost of plant retired, line 11, coluan (c), eretteinary closing entries to tentativey functionalt:e the and that reported for electtte plant in service, pages 204- 6ook cost of the plant retired. In addttton, include all costs l 207, coluen (d), excluding retirements of non-deprectable included in retirement work in pro 3ress at year end in the property, appropriate functional classifications.

3. The provisions of Account 108 in the Unifore Systen 4. Show separately interest tredits under a streing fund of Accounts require thn retirements of deprectable plant or 51stlar method of depreciation accounting.

be recorded when such plant is removed f ree service, if i

. . . . .. . .. . . . .. . . . .. . . . . . . . . . . . . . . . . . .!I! .Y.b . ..##I! ..9II..Y.I"3..I.*[.............................................

I. . .

Line Iten total Electric Plant in Electric Plant Held Electric Plant Lemd No. (c+d+e) Service for future Use to Others '

(a) (b) (c) (d) (e) l I

1. Bilvice seginning of lear 1,177,291 1,177,291 ,

2. Liepreciation Provisions for Year, Eharged to l

3. (403) Depreciation Expense 493,614 4dJ,bl4 l

4. (413) Exp. of Elee. Plt. Leas. to Others -

i

5. Tr ansportation Expenses-Cleartn3 I

b. Other Llearing Accounts 48,225 48,225 l Other Accounts (dpectf y):

7.

8.

9. f0fAL Deprec. Prov for leir (Enter 531,839 531,Uh Total of lines 3 thru 8)

10. Net Charges for Plant kettred ll. book Cost of Plant kettred 26,258 258 7,857 26,8b7 7,

.2. t.ost of lesaval

,J. bilvage stredit) 0 0

14. TOTAL Net Chrgs. for Plant Ret. 34,llb 34,115 LEnter total of lines 11 thru IU

15. Other Detit of Credit itens (Desertba) 0 0 lb. ------------------- --------------- -----

17. blance tM of tear (Enter Total ot --------- ------ ------------~~----

lines l, 9, 14, 15, and 16) 1,675,015 1,675,0lb bection B. hlances at End of lear According to functional Classif tentions .

.............................................................................................................................. 1 18, bieae Prossetton - - l

19. Nuclear trextton 1,500,bH 1,500,639

.0. Hydr aalle tro4xtton - Conventional

21. Hydraulle trotction - Pueped Storage - -

22. Other tr M xtton - -

2J. Transatssion

24. Distributton - -

2b. Gener al 94,37b 94,376

26. TOIAL (Enter total of lines 18 thru 25) l 1,67b,015l 1,67b,015l l Page 219 9

es m _ a. _. __ m. - _a 4 s-.

l I

NOR1HEAST NUCLEAR ENERSY ConPANY An Original Dec.31,1987 MTERIALS AND SUPPLIES i 1. For Account 154, report the amount of classifications as indicated in coluen (4) plant

estiaates eaterials of aeounts and operating by function supplies are acceptable. under(d),

In coluen the primary function delicnate the departaent or departeents which use the class of enterial.

2. Give an explanation of important inventory adjusteents during year (en a suppleeental page) showing clearingacc general classes etc.) of- saterial affected debited or and supplies credited. Shou and the various separately debitsaccounts or creditsloperating to s eigenselores clear expense ountsing, plant,licable.

if app .

i Balance Department or Line Account Beginning of Balance Departeents No. Year Er.d of Year Which Use Material (al (b) (c) (d) 1 Fuel Stock (Account 151) 2 Fuel Stock Expenses Undistributed (Account 152) 3 Residuals and Entracted Products (Account 153) 4 Plant Materials and Caerating Supplies (Account 154) 5 Assigned to - ConsIruction (Estimated) 6 Assigned to - Operations and Maintenance 7 Production Plant (Estteated) 32,766,973 50,935,61B Electric 0 Transeission Plant (Estiented) 371,4B5 368,609 Electric 9 Distribution Plant (Estiested) 10 Assigned to - Other 60 498 61 817 Electric 11 TOTAL Account 154 (Enter Total of lines 5 thru 10) 33,218,,956 51,306,,644 12 Merchandise (Account 155) 13 Other Materials and Supplies (Account 156) 14 Nuclear Materials Held for Sale (Account 157) (Not d

applicable to Oas Utilities) 15 Stores Expense Undistributed (Account 163) 116,012 228,962 Electric p 16 i.

U  !!

19 20 TOTAL Materials and Supplies (per Balance Sheet) "ll3;334;9W **l51;il$;Mi' 38883883858883 38388888888888 l

(

Page 227 ,

1 i

O  ;

f

NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987 MISCELLANEOUS DEFERRED DEBITS (Account 180

1. Report heles the particulars (details) called for 3. Minor itees (11 of tre Balance at End of Year fer Account concerning eiscellaneous deferred debits. 196 or aeounts less thn 450,000, shithever is less) eay be grouped by classes,

2. For any deferred of aeortization in debit coluen being)asertited, (4 . show period Salance at CRE0!!S tescriptien of Miscellanecas Brainning - - --- ~ ~ ----- --- -- ----- Balance Deferred Debit olYear tebits Acrant Charged Aeount End ci Year (a) (b) (c) id) (e) (f) 1 Millstone linit he. 3 - Fuel Receivable ! t 1 1  !  !

2 ! (6ulf) (Associated Ceepanies)  !  ! 7,045,072l 146 t 3,413,879 I 3,631,1131 3 !  !  !  ?  ! i t a i Millstone Unit he. 3 - Fuel Receivable ! I I i  ! l 5 ! (Gulfi (Non-Associated Ccepanies)

~

! ( 3.764,979 1 143  ! 1,224,421 I l ?40,557 i 1 61 l I  !  ! I 1 7 l Miscellaneess W:rk in Fregress  ! 355,399 7,252,59/! VARIOUS I 7,474,644 1 133,352 I I 1  ! 1 l I 9 ! Other Miscellanteus Deferred Debits I t  ! 1 1 10 1 (6 itees) 1 6,336 ! 142.326 I VAR 10L'S  ! S2,278 I - 60,334 :

11 I t  ! 1 1 1 12 l t  !  !  !  ! l 13 1  !  !  !  !  ! 1 14 :  !  ! I t I  :

15  ! I I l t  !

16 I  !  !  !  ! l t 17 : I  !  ! l t  ;

li !  ! I I I I i 19 i t I 1 I i 20 I i i l l 1 l 21 !  !  !  ! 1 1 1 22 l 1  : 1 I I I O 23 i 24 I 25 i I

I I

I I

i I

I I

I I

I 26 1  !  ! I  ! l i 27 : i I I  !  ! I 26 i  ! l  !  !  ! 1  !

29 ! 1 1 I t i 30 t I '. I t I 31 : I 1  ! t  ! I 32 I I I  !  !  !  !

33 : i  !  ! 1 I

!a i I l 1 1 1 1 i

1 35 I t I t t  !

36 : t  !  ! L t I l

37 i I  !  !  ! I i .

39 1 l I I t t l l 39 :  !  ! I t t l l 40 1 1 I i l i I l 4} 1............................................................................... 1 42 : TOTAL I 361,735 I 18,204,973i i 12,801,2221 5,765,496 I l Page 233 0 1

~ .

N ETHEAST NUCLEAR ENERSY C0 V ANY An Original Dec. 31, 1987 CAPITAL STOCK (Acteunts 201 and 204)

1. Report belcu the particulars (details) talled for con a terning tenson and preferred stock at end of year, distin - inkle) ti specific reference say be reported to report in coluen fore (i.e.t ef. fiscal (al provided ear and toepany years for both the 10-k report and this report are toepatible.

utshing(separate totals cr testen andseries of any preferred general stock, if inf class. Shen ormation to separa e

2. Entries in coluen (b) should represent the no. of shares auth-seet the stock enchange reporting requirement outlined in erited by the articles of intc c as atended to end of year.

celues (a) is available free the SEC 10-K Repert Fore fil- 3. ciive particulars (details) concerning shares of any class and Nanter Far of Shares er Stated Call Class and Series of Stock and Authorized Value Frtte at Line Naet of Stock Eithange by Charter Per Share End of Year N:. (a) (b) (t) (d) 1 COMON STOCK (Account 201)  !  !  ! I 2 l -------- --------- ------ l I i  !

3: Ceseen Steck e 60,000 l 110.00 l -

l 4:  :.........................:.........................:~..................;

5: Total Acteunt 201  : 60,0001 :::::::::::::::::::::::::::::::::::::::::::: l 6

l ::::::::::::::::::::::::::::::::::::::::::::::::: l :::::::::::::::: .;

7l l l 1 .

9!  !  ! I l 9;  ; l l NONE  !  ! l 10 lFREFERRED STOCK (Account 204) 1i :.............................

l l 12 l  !  !

13 l  !  !

14 l 1 15 l l l 1 l 16 : I  !  !

17 1  ! l l 19 l l  ! l l 19 ;  ! l l l "O l l l l  !

21 !  ! I i l 22 l+ All C:: en Steck is held by N:rtheast i t i l 23 : Utilities and is not traded en any l l l l 24 l stock excharge. l l l l 25 :  : I t i 26 ! l  !  !

27 l  ! l l l

• S l  ! l l l 29 ! l t l l 30 l l l l l 31 l l l l 32 l l t i 33 l l  :  :

34 l l  !  !  !

35 l l l l l 36 l l l 37 i  !  !

33 l l l  :  :

39 i  !  !  !  !

40 l  ; I  !

at l '

l l 1 l 42 l i l l 43 l l t l l 44  ; t l 1 I

45 l l l l l 46 l l 1 1 47 l l l l l 43 l 1 l l l l

.......................................... ........................................................................... l l

Fa;e 250 l l

l l

l l

WORTHEASI NIJCLEAR DER 6Y COMPANY An Original Dec. 31, 1987 i CAPliAL STOCK (Accounts 201 and 204) (Continued) series of stock authorized to be issued by a re u- has been noeinally issued is noeinally outstanding at -

^ latory consission which have not yet been issue . end of year

4. The identification of each class of pref erred 6. Give particulars (details) in coluen (a) of an nesin- >

stock should then the dividend rate and whether all issued ca ital stock, reacquired stock or s ock in the dividends are cueulative or nontuoulative, sinfing and other funds which is pledged, slating name of

5. State in a footnote if any capital stock which pledgee and purposes of pledge, t Outstanding Per i Held by Respor. dent

! SalanceSheet  ! As Reacquired Stock (Account 2171 In Sinking and Other Funds t ............ ................ ...:.......... ...... .............. ................. ............

I Shares Aeount i Shares Cost Shares Aeount Line 1 (e) (f)  ! (g) (h) (1) (j) No.

I 1 I i  ! i  !  !  !!

I I I t  ! I l 21

! t,500 I $15,000 i NONE I I t:ChE 1 1 3I i .................:.................;.................:................l...............t............... 41 4 1 1,500 t $15,0001111111111111111111111111111111111111111111111111111!!I111111111111 5I i .................!................ l. ...............t................l...............l .... .........I 6I I  ! t 1  ! l  ! 7 i i I I I i 8I I 1  :  :  :  : I 9i

! I i t  ! I i 10 I t 1 1 1 1  : 1 11 I I l t i i  ! 12 I i i  : t t l t 13 1 1 1  :  ! t I i 14 t I t t t i I 15 t i I  ! I t  !  ! 16 !

!  !  !  ! I t i 17 !

!  ! l t l l 18 I t  ! I i l 1 19 1

!  !  ! I t l l 20 I i I  ! l i 1 21 I

! l t t t  ! I 22 i  ! 23 1 O!!

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(

I t

! 24 !

i 25 I t t i i t  !  ! 26 1

!  ! I  !  ! t 1 27 t

! l  !  ! t  !  ! 2B 1

!  !  ! I t  ! 29 !

t  ! I t t t t 30 t 1 1  ! I I I L t Si i I I  ! I t  ! 32 i

!  ! I  !  ! I I 33 i

!  !  ! I t i I 34 :

! I i l l I  : 35 1

!  !  : 1 I t t 36 1 I I I I t 1 i 37 1

! t 1  ! I I 38 i l i  !  ! I I I 39 I l  !  !  !  !  !  ! 40 1

!  ! 1 1 1  : 41 l i 1 I I I I 42 1

I t  ! I i i 1 43 l I  !  ! l 1 1 I 44 I i  ! I i  ! t i 45 I I l t i  !  !  ! 46 t 1 I I 1 1 I t 47 I J. l t I t t t t 48 i Page251 0

1

NORTHEAST NUCtEAR ENER6Y CCMrANY An Original Dec. 31, 1987 OTHER PAID lN CAPliAL (Accounts 206 211, int.)

Report below the balance at the end of the year and the inforsation specified belon for the O. respective other paid-in capital attounts. Provide a subheading fer each attount and show a total for the account, as util as total of all accounts for reconciliation with balance sheet, page 112.

Add more coluens for any attount if detoed necessary. Esplain changes made in any attount during the yev and give the account entries effecting such change.

(a) Donations Regelved free Stockholders (Account 2001 - State secunt and give Pief explanation of the origin and purpose of each donation.

(b) Reduction in Par or Stated Value of Capital Stock (Account 209) - State aeount and give brief einlanation of the capital changes which gave rise to secunts reported under this caption including identification alth the class and series of stock to which related.

(t) Sain on Resale or Cancellation of Reattuired Capital Stock (Account 210) - Report balante at credits debits, and balance at end of year with a designation of the nature of beginning of year, each cresit and de bit idenlified by the class and series of stock to which related.

(d) Miscellaneous Paid-In Capital (Account 211) - Classify aeounts included in this account according to captions which, together with brief explanations, disclose the general nature of the transatttons uhich gave rise to the reacrted asounts.

Line ites Aeount No. (a) (b) i Donations Rettived free Stockhol6ers (Account 208) 2 ---------------------------------------------- ---

3 NCNE 4

5 Reduction in Par or Stated Value of Capital Stock (Account 209) 6 - ------------------ ------ -----------------------------------

7 NChE 8

9 Sain on Petale or Cancellation of Reacquired Capital Stock (Account 210) 10 11 NOME 12 13 Miscellanteus Paid - In Capital (Account 211) g4 ...................... ..... ............

15 No activity during the year $15,350,000 0 W 19 20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL $15,350,000

en====nus 33 Page 253 O

h0RTHEA$i N') CLEAR EhER61 C0KFANY AnOriginal tet. 31, 1987 L0h6-TERR DEBT (Attounts 221, 222, 223, and 224)

1. Report by balante sheet the account particulars such certificates sere issued.

(details) tencerning long tere debt included in Acteunts 6. In coluss (b) shcw the principal secant of bends or 222 Reacquired Sonds 223, Advantes free other long-tere debt originally issued.

221, Assetistedfonds,Ceega,ntes, and 224, OtEer Long-Tere 7. Cebt. In coluan (c) shes the eigense preeius er discount

2. In coluan (a), for nes issues, give Cessission auth- uith respect to the amount et bcnds or other long-ters critation nusbers and dates. debt origitally issued.

3. Fer bonds assused by the respondent, include in col- 8. For coluan (c) the total expenses shoald be listed unn (a) the name of the issuing tespany es sell as a first fer each issuance, then the enount of presius (in description of the bonds. parentheses) or disteunt. Indicate the greatus er dis-4, Fcr advances free Asscciated Ccepanies, re; ort separ- taunt eith a notation, such as (P) er (D). The expenses, ately advances en notes and advantes en coen accounts, greatus or disteunt should not be netted, tesignate desand actes as such. Include in celusa la) 9. Furnish in a (cotnote particulars (details) regardin; names of associated cespanies free ahich advantes sere the treatsent cf unaserttred dett expense, presius er received, discount associated eith issues redeesed during the year.

5. Fer receivers' certificates, shes in column (a) the Also, give in a fcctnote the date of the Constisten's nase of the (curt 49d date of ccurt crder under which authert:4 tion of treatsent other than as scetified by the Class and Eeries of Obligatten, Coup n Rate (Fer nem tssue, give Consissien Printi al Asount total Espense lire Authoritatico nutters and dates) of Co.t Issued Freatua er Cisteunt he. (4) (b) (c) l l Bands (Attount 221)  ! l l 2 l------------------ l I I 3: OE l 1  !

4!  :  !  !

5 lieattaired tends (Attcunt 222) l l l 6 1-------------- ---- ---------- l 1 l 7l GE I l  !

Ii  ! I 1 9 l Advantes Frcs Associated C:spanies (Attcunt 2231 l l l go :................................................ t t  ;

11 l h2%E 1  !

12 l l l  !

13 l0ther t.ong Tera Debt (Acccunt 224)  !  ! I g4 :.................................. l l l 15 l9.311 Frudential Insurante Ceepany of Astrir,' 1 l l 16 : Unsecured ists hcte  : 15,000,000 l l 17 ! l  ! l 18 lican ci haterford fewer Assesseent (5.211) l 226,000 1 19 :  !  !  !

20 ; i  :  !

21  :  :

22 l 1 i i 23 l t  ! l 24 l l l l 25 .' l  ! i 26 :  !  ! l 27 l l 1  !

29 l t 1 l 29 l 1 l l 30 I 31 I l l l 32 l l l 1 33 l TOTAL l 15,226,000 t t Page 256 9

NORTHEAST NUCLEAR ENERGY COMPANY An Original Cec. 31, 1987 LOh6 TERM DEBT (Accounts 221, 222, 223, and 224) (Continued)

L51 fora Systee of Accounts. including niet of pledgee and purpose of the pledge.

10.Identifyseparateundisposedamountsapplicableto 14. If the respondent has any long tere debt securities issues which were redetoed in prior years. which have been noeinally issued and are noeinally

11. Esplain any debits and credits other than aptira- outstanding at end of year, describe such securttles tien debited to Account 428, Aeortitation of Debi Dis- in a footnote, or credited to Account 429, Anortt.ta- 15. If interest expense nas in;urred during the year countandEspense, tien of Preatue on Debt-Credit. on any obligations retired or reacquired before end

• include such interest expense in coluen (1).

12. In a supplemental statement, give explanatory par- of year,in a footnote any difference between the total ticulars (details) for Accounts 223 and 224 of net Esplain changes during the year. With respect to long ters ad- of coluen (i) and the total of Account 427, Interest vances, shes for each coepanyi (a) principal advanced on Long-fere Debt and Account 430, interest on Debt and to Associated Coepanies.

during year,l repaid during year.(b)

(c) princtpa interest Give Coseission au added 16.toGive principal secunt, particulars th-concerning any long-(details!

otitation nuebers and dates. tere debt authorited by a regulatory coesission but

13. If the respondent has pledged any of its long tere not yet issued.

debt securities give particulars (details) in a footnote ACRf!!Ai!ONPERIOD amount outstanding

.................................... mithout reduttion Nooinal Date Date for aeounts held Interest for Year cf Issue of Maturity Date Free Date To by respondent) Aeount Line (d) (s) (f) (g) (h) (il No.

I I I I I  !  ! !l

!  ! I I I i  ! 2I t i l 1 1  !  ! 3I i t I t i L t 41

! I  !  ! l  ! l 5I i i 1 1 1 1 1 61 1 I i I I i 7:

l I i 1 ( l I 81 O' i

! I l t I

i I 9I

! 10 1

1 I  !  !  !  !  ! 11 : f l  ! l I  !  ! I 12 I i i  !  ! l I I  ! 13 1 i

!  ! I t I  !  ! 14 I I I t I t I t 15 1 1 12/96  ! 12/92 1 1  ! 15,000,0001 1,243,037l 16 I

!  !  !  ! I I i 17 t 09/67  ! 09/91 1 09/87 1 08/91 1 226,000i 3,966 : 1B I

!  !  ! I I  ! t 19 I

!  !  !  !  !  ! l 20 t

! l l 1 I  !  ! 21 !

t I  !  !  ! I t 22 l t  !  ! I I  ! l 23 1

!  !  ! I t i I 24 l l  !  ! I I I I 25 1 1  !  ! I I  ! l 26 l l l I l l l l 27 i l I i  ! l  ! t 28 t l

!  ! I l I t 29 I l

l 1 I  !  !  !  ! 30 l

!  !  !  ! 1 1 31 :

I  !  !  !  ! 1 32 l l 1 I I I 15,226,000l 1,247,0031 33 I Pa;e 257 i

O l

1

- - - - , - , , ._ --. y -.,.,- ., . , , , , ,,e.- - - , - _ . , , - . . . -

h MTPEA57 hu:1,(A3 EhER31 CC?t N An Origiral Ce:. 31. 1967 RECChCll!Ai!0', CF FEKRTEC NET INCCME 411H IAIAiLE Ik 0FE F 3 'E:ERAL IN;CKE TAIES

1. Re;;rt the recc9ciliattor cf re;orte cet irctae fcr the year eith taiable incese used in cca;uttrg federal inctse tan ac:rvala au sho.

cce?utation of such tai accraals. Inchde in tte reccr.ciliation, as far as pra:ticatle, the saae cetit) 45 furrished en Schedwle M 1 cf tte tai i retere fcr the year. SJett a recenciliation evea ttcugt. there is ro taiatle incoat for the ver. IMicate :learly the rature of each recov tille; aannt.

2. If the utility is a rester of a ;* cup nhtch files a consolidated federal tax rettrn, reconcile re;orted net ircose eith tainble ret incese 45 if a separate rettrn sert tc te filre, indicating, homever, interces;&n, as: ants to te elleirated in sJ:S a censelidated return. State cases of

rcup sestecs, tai assigned tc ea

h greip sesber, and tasis of allocatien, assiytent, or sharing of tre consolidated tai asong the ;r04D seaters.

3. A satstitute page, designed to seet a particular resd of a ces;any, car te tied as long as the data 15 cortistent and seets tre re;atreernts 1

of the at),e trittuctict5.

Lire Partica: irs Cetails) As:unt M. (4) (t) 1 set Ir::ee f ar the Yeer 'F a;e 117) 2,3%,10) c Fec: :1!tr; Itess for t'e rear

ft

eral Irctie ian i 2,795,E06)

$ f aiable incc-ee N:t Rep:rtej :n h:Ls 5

?

E 9 :edacticri Fecorded on hcis et redwcted for fet.ra g 10 teferred Fe:eral - State Irc:se Taies 3,562,241 y 11 S t ate ini (cntir.ger.c f 234,0>0 12 Ad:ttional Freperty 14.es 230,272 13 A:$ttic-ral Fensten Ccsts 2,4', B ,111 1* Bitalater tease Faysent - frir:t;al 2B7,593 15 lt::ee f rcorded cn Ptds A:t Itch.:ed in Fetu'n 17 IB 19 Cedatticos on Return hat Era r;es A,ainst Ecck inccee 20 A: itier.ai tai te;re:iati:n ( 6,325,270 219ts:ellarens ( 19,027) 22 l 23 24 25

5 ............ ,

27 re :eral is Wet Irt:se 596.210 29 P: Ocshtatien cf Tai: l 21 federal Incese Tai S 3;.55 s 23B,156

.9 traestsent 14: Crecit 3,033,992 l 31 fe:eral !rccee Tai 41re 2 ra;e 110 ( 2,795,5C61 32 33 34 kee h;tel ID flTar:til 6titetents ti;lrJlry c . Sa;e 122 n m e n n fa;e m Fa;e 261

O Annual Report of NORTHEAST NUCLEAR ENERGY COMPANY Year Ended December 31, 1987 i

Reconciliation of Reported Net Income with Taxable Income for Federal Income Taxes (Continued)

This Company is a member of an affiliated group, Northeast Utilities, which will file a 1987 consolidated Federal Income Tax return on or before September 15, 1988.

l Members of the affiliated group aret 1

Northeast Utilities (parent company)

The Connecticut Light and Power Company The Shelton Canal Company Research Park, Incorporated O Western Massachusetts Electric Company The Quinnehtuk Company Holycl e Water Power Company Holyoke Power and Electric Company

, Northeast Nuclear Energy Company The Rocky River Realty Company Northeast Utilities Service Company I

Federal income tax is allocated on the basis of each member's l contribution to consolidated taxable income. Under this allocation, none of the members is charged with an income tax greater than it would have paid had it filed its return on an individual basis.

261A O

3

]

1

WORTHEAli NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987 TAIES ACCRUED, PREPAID AhD CHAR 6ED DURlh6 YEAR

1. Give particulars (details) of the combined prepaid and and (e), the balancing of this page is not affected by the accrued tai accounts and show the total tales charged to inclusion of these taxes.

operations and other accennts during the year. Do not in- 3. Include in coluen (d) taxes clude gasoline and other sales taxes which have been tates charged to operations andcharged duringthrough other attounts the year,(al charged to the accounts to shich the taxed eaterial was accruals credited to taxes accrutd, (b) aeounts credited charged if the actual or estiested secunts of such tales to proportions of prepaid tales chargeable to current year, are kneen shes the amounts in a footnote and designate and (c) taies paid and charged direct to operations or whether es,tleated or attual aeounts, attounts other than accrued and nrepaid tai attounts.

2. Include on this page, taxes paid during the year and 4. List the aggregate of enth kind of tan in such saneer charged direct to final accounts, (not charged to prepaid that the total tar for each State and subdivision can read-or accrued tarts). Enter the amounts in both coluans (d) ily be ascertained.

BALANCE AT IE61NN!hS OF YEAR Kind of Tai Taxes Charged Paid line (see instruction 5) Taies Accrued Prepaid Taxes Adjusteents (b) (t) During)

(d Year During)

(e Year (Il No. (al 1 ! Federal Tates: 1 I  ! I t i 2I Unteploysent - 1986 1 1,131 I I i 1,133 !  !

3I Unteployeent - 1987  !  ! I 99,102 I 87,349t t 4I I I I I I I 5i FICA -

1996 1 11,548I I i 11 549 I I 6! FICA -

1997 1  ! 1 4,646,960 t 4,632,,075 i I 7I  !  ! I  ! I t BI latene i 1,765,950l I (2,795,606 1 (856,77111 1 9t  ! I i t i 1 10 i Highsay Use - 1997 I I i 1,310 1 1,310I I 11 1 1 I I I l  !

12 1 Excise-Foreign Ins.-1986 t 8,952l t t t i 13 i Entise-Foreign Ins.-1987 I I t 32 32,625 I i 14 I t -------- --- l - ~ ~---- -- l ----- ~ ~ , 6 2--5 !! t -- ------- -- t 15 t Total Federal  ! 1,797,593 1 1 1,973 3,909,269 1 0 16 I l ------ - ----- ---- ! ------- --- -- - l --- - - --- ---,191- --!! l------ ------- --I 17 IState of Connecticut Taxest t IB I Unteployment - 1986 19 t Unespicysent - 1997 I 1 2,023t t

i I

147,609 1 2 023 I 146,,659 1 I

1 g

20 I t i I t I i 21 1 ! ales -

1967 1  !  ! 234,500 1 234,000 1  !

22 I I i 1  !  ! l 23 t Ccrporation Business I 1,759,344 1 1 172,747 I (128,0111t i 24 ! I I i i 1 25 I ExciseForeignIns.-1996 l 8,952 I I I l t 26 : Entise-Foreign Int.-1967 I  ! t 32 32 624 1 1 27 I t--------------- l------- -

---t -----------,624 1- --l ---------,-- -! - -- ------ ---!

29 i Tctal State of Connecticut t 1 770 319 1  ! $67 190 t 297,2951 01 29 : g........,....,....[...............:.............,....i....... ......l.................t 30 llocal -Connecticutt i i I t  ! I 31 1 Property - 1996 l 251,852 I t i 251,852I I 32 t Property -

1997 l 1 1 274 61,112 1  !

33 I l ----- ~ ~ -- ~ l - ~ ~ ~ ~ ~ ! ---- ~~ - ~, 9 21 ~-1t t - ~--- - --- --!

34 I totallocal-Connecticut i 251,652I I 274,921 1 312,964 1 01 35 t t- -------------l--- ----------l--- ----------

--l-- ---- ---

36 !Ceancestalth of RA fasent t t i i 1 1 37 I Unacleysent - 1997 I I I 2 2,737 t t 38 I t -- -- ------------ t ------- ---- ~ l - ~- ~ ---~, 7 3----I-~~--------1------------~--t 7I 39 t Total Cessonstalth of MA 1 01 1 2,737 1 2,737 1 01 4o t................:......... ....j.................; g......... ......g 41 (TOTAL t 3,909,754 I I 2,839,029 I 4,512,2651 01 42 : ....................................................................................it 43 I t 44 ItA) Charged to Acteunts 107, 146, 163 and 229 1 45 I t 46 l(B) Charged to Accounts 234,524and525. t Page 262 9

d i

NORTHEAST NUCLEAR ENER$Y COMPANY An Original Dec. 31, 1987 TALES ACCRUED, PREFAID AND CHAR 6ED DURING YEAR (Continued) 5.

G(_/ eoreIf any tai (exclude Federal and state incoes taxes) covers than one year, identifying the year in coluen (41.thouthereoutredinforestionseparately coluens aeounts charged (1) thru (1). In 408.1 to Accounts Electric Dept. only. Broup the aseunts charged to coluenan(i),d 409.1 forreport the for eath tai year,teents of the accrued and prepaid tan 6.Enterall&djus 408.1 409 accounts in coluen (f) and explain each adjusteent in a foot- incoluen.1 Ill.408.2 For taxes and 409.2 charged under to other other accounts accounts .

note. Designate debit adjusteents by parentheses, or utility plant, shou the nueber of the appropriate

7. Do not include on this page entries with res;ect to de- balance sheet account plant account er sutaccount. .

ferred incoes taies or taxes collected through payroll de- 9. For any tai apportlened to sore than one utility duttions or otherwise pending transeittal of such tenes departeent or account state in a footnote the basis to the taittg authority. (necessity)ofapportloningsuchtax.

8. Enter accounts to which taxes charged eere distributed in ,

SALAkCE At END OF YEAR DISTRIBUTICN OF TALES CHAR 6ED (Show utility dept, ehere appitcable and acct, charged.)

tants Accrued Prepaid Taies Electric Extrao. Itees Ret. Earnings (Account 236) (incl. in Acet.165) (Account 408.1,409.1) (Account 409.3) (Account 439) Other Line (g) (h) (i) (j) (k) (1) No.

! I t i I I 11 1 I i 1  !  ! I 21 1 753 I I 83,375 l  ! 1 4,727 (All 31 I l l  ! I 1 1 4l 1 1 I  !  !  ! 51 1 14,865I I 4,532,771I t i 114,199 (A)! 6i I i t  : I I I 7I I (173,085)! t (2,795,80611 1 I i 81

l l l I I t 9l i i i 1,310 t I t i 1)l I i l  !  !  !  ! 11 !

l 8,9521  : 1 I t 1 12 l l 1 1 32,625 :  !  ! I 13 1

......... ....l....................:.....................t.. ...........t...............]......................... 14 :

(148,495)I 01 1,854,275 1  !  ! 118,916  ! 15 1

,  :...............:....................: ............... ...............].........................! l6 !

I  !  !  ! i i 17 !

1 I t I  ! l l 18 1 1 1,1501  ! 143,304 l l 1 4,505 (All 19 1 1  !  ! I I  : 20 l l  ! I 234,000 I t t l 21 :

1 L  ! I I l 22 I 2,060,102 I i 172,747 I i i t 23 I a

t  ! I t t l l 24 :

! 8,952l I t i I I 25 i i  ! t 32,624I I t i 26 !  !

i

...............:....................; t...............t...............:.. ..................... 27

1 2

.......,070,204I I 562,675 t  : 1 4,505 1 28 i l ........:.................... .....................;...............g............... .........................: 29 1 1  ! l 1 1 1 I t 30 t i i l  ! I t i I 31 1 j t 213,8091  ! 226,236I l t 48,685 (Bit 32 1

+

...............;....................:.....................;............... ...............:.........................! 33 1 l  ! 213,809 l l 226,2361 1 I 48,685 1 34 :

:....................;.....................:............... ...............:.........................! 35

1 1  ! l 1 1 36 t

I l 2,737 l l l 37 !

...............:....................:.....................:...............t.. .... ...t...... ..........

.....t 3g :

0I t 2,7371  ! l 0 1 39 1

. ............ ..._............ .:.....................:...... .......;............ .t........... .......l 40 l t 01 2,665,9231 01 01 172,106 1 41 1 13 .. 2..,135,518 1

.... .............................................. ...... ..................................................I 42 I

I t 43 1

. I t 44 l l

!  ! 45 t I t 46 1

, Page 263 l

l 1

1 1

4

)

- - - - - - - - , . , _ - - - - . - . . _ . _ __7_, , _,. ._ ,_. _ . _ _ , __ _ __ ._ __ _ _ _ _ , , , _ _ ,,

h;;te!;3t L;:tE M Er.! Gy (t w sr en Original Bec.31.159?

ACC.9AATED LETEfJED IwE3TREN7 fet CRE91Ti ( Acccant 2551 Fe;:rt telte inferention a;plicable to A:c: art 255, ty footoc,te any correction 4:Juttatats to tPe acc n nt este a;;repriate, segregate the talarges ad trars- balance thcnn to coluan Igl. Irclude in celuin til the acti:ns ty utility ad B0Nttlity (perattets. Explain avera;e geried over which the tat credits are asortiled.

teferred Allocatter.s to for Year Current lear's inctae bla.ce at - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

4tcosnt lepreirl occcu3t Acccunt I,ir e 3 t ivitices tf Year ha. As Ne t No. Aa v t A!)attatati u, 14) iti (c) (d) (t) Ifl (g) 1I Ele:trt: Utilitr t i I I I i 1 2l 'e t i 6 1 1 i 1 e 31 41 I i l 1 I I I 41 71 1 1 I I i i  !

5I 101 II liSH 411.4 I 3,033,952 1 411.4 II  !!511 1 6I I I i i i l I 7I I I I i i i I 8i T3iAL I(  !!!!! I 3,933,U 2 I I( E2511 1 910trer List separateh I i l i  ! I i 10 le u sht 31,41,71, 1 I I i  ! I I 11 1101 4 M TDIAL I I I I I 1 l

!! i I I I I I I I l' I I I 1 1 I I i 16 I I I I I I I i 15 I I I I I I I I l! I I I I i 1 I i 17 I I l I I 1 I

.i I I i l i I I I 19 i l I i l I 1 1 20 I I i i I l i l 21 . I I I I I I I

!! l  ! I I I i l i 23 i i i l i I I I 26 1 I I i i I i 1 l'.  ! l  !

l I I I I it i i  ! I I i I  !

E7 I i i i l i

.' I I I I I I I I E7 i i 1 I I I I i 33 I I I I I I I i 31 i i l i i i 1 i 32 I I i  ! t  ! I I 23 I I I  ! I I I l 34 I I I I I  ; I I i 15 i I i i i l i I It I I I I I I I I 0' I i l i I

?I I I l l 1 l l l l 1 . I I I I 0l i I I I l l I

• l i I I I I I i 42 I i i i i i l i OI i i l I i i I 6, i 1 I I I I I i 65 1 I I I I i i st 1 i 6 ' I I I l 4' I I I i l I i 1

),

45 1 I I i 1 1 I i i

1 5

kMIK!A3ILD.!A\fi!R6Y((FM%Y 4 Cri;inal Itt. 31, 1997 i

i AMPAAlfD ((iMIL Ibiii?[hi Isl (REDlI3 I ACUVt &$$1 T6f tlNed i

E4}FCf it Avtr;t fir!M Era ofAlletetto lift i har 10 I AGIt A$N itte^t En l47411)6 13,

! (t ) (1)

.................................................. l I i l 1 1

I I i  ?!

i i t  ! I I 31 t 4 i f 6 1 l 3.0?3,H21 1 I $I

)  !

t i I 61 I

t l I I 'I ,

i 3,033,91! I I I ii  !

I I I I i 9I i I I I i 10 i {

i l i i 11 1 s

I I I i 12 1 i i i 13 I

1 t i I i 14 I i 1

4  : I I i 15 i i i 1 i i 16 I i i i l i 17 I

'  ; I i 1  !! I i i i li I t ,

I i i 1 20 !

I I I i i !! l <

l t  ! I !! I i

! P3 l l i l i '

I L I I L* I l i I I 25 I i

4 l

d 1 I 6 I 26 I I I I I 27 1 3 I I I I li i i i i 1 2? I 1 i I l 30 I j i l I ( 31 1 l 1 1 I 32 i i l i ?) i j i I I I i 34 l l t I i 1 35 I i i i i t 36 i j i i l 1 37 I l l l l 36 I l I 39 i i t i i

j  ! t i 1 40 1 1 1 I I i 41 f t I i  ! 42 I l I i i i 43 i

, I 44 1 s  ! I I 1 1 1 1 1 41 1 hI I i

i l

i i u!

I 47 i 49 I I I I I

1

---

~w,--m-, - - _,wwwww,,se-,.---w _ m ., . e mm y w _ , , s w-ar, w--emw p -. .-

i r

i NORTHE.JT WCtEAR ENER6Y COMPAttY An Original Dec. 31,1987 i OTHER DEFERRED CRE0!TS (Account 253)

3. Minor ittes (51 of the Salante End of Year for

1. Re$

ot er ort beloacredits.

deferred the particolars (details) called for concerning Attount 253 or aeoants less than $10 000 w l j 2. For any deferred credit being aeortiled, shoe the period of everisgreater)eaybegrogedbyclasse,s.hich-  ;

amortitation. .

del!!$  ;

lalan:6et -- - -- - - - - -

Line DescriptionofOther hginning Contra Aeoant Credits talance at 16 0 . DeferredCredit of Year Account End of Year (a) (b) (c) (d) (el (O 1

i 1 !  !  !  !  ! I (

2 1 Miscellaneous Def erred Credits 1 6,667 i VARIOUS 1 420,814 1 432,181 1 18,034i

, 3 I I I I I t  !

4 i MP3 Fuel Payable (Bulf) 1 I 234 1 5,238,300 1 10,810,050 1 5,571,750 t 5 !  !  !  ! I t  !

6 i MP3 Cceeen Facilities I t 524 1 5,150,290 1 5,150,290 1 0t 7 I I 1 1 1 l t BI I  !  !  ! 1 t 9 I I I I t t i 10 t I i t I  ! l 11 1 I I I I I i 12 I t  ! I I t  !

13 I I I l t  !  !

14 t I I I I t  !

15 t i I I I I i 16 I I I I  !  !  !

17 l 1 1 1 1 I t 1B ! l l l 1  ! 1

.I 19 I t i l 1  !  !

! 20 l I I I I i  !

l 21 1 1 l l t t t

] 22 1  !  !  !  ! I t 23 1 1 1 1 1 1 1 24 1 1 I t 1 1 1 25 I t i I i  ! I i 26 I t t i I t i 27 I I t I I t  !

j 2B t i I i l l t 29 I I t i  ! t t 1 30 t t t t t i I

) 31 l I I I I t l 32 I I I t i 1  !

4 33 I I L t i I t i

, 34 I t i  !  !  ! t L

i 35 t t t t  ! I t

) 36 1 1 t i i t t 37 I I t t I I t -

I 39 ! I I I t I t 39 i t I t I t t l

40 t i t 1 I t 1

41 ............. t . .... t ........... . t .............. t . ...... . ]

10,809,404 l 16,392,5

]

42 I ......................

TOTAL t

6..,667 t i

............................................... 21..1....

.. 5,'.69,784 1

{ Pa;e269 ,

1 I

1 l

i l

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1. Fe;;rt the inf ereah:ri :1::td f;r tele ctree ch; the res;tMett's a:tr.ttir; f0 taf strid ircase taist relat 'g it, gr:;trty net suject t) attelerated as:rti:ation.

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3. f rutit in the 1:4tt t Its tiplanettens f or pa;tt 27! i*.3 i73. Incig t i 6auts relettr) te vit;.it.:Pt itess under (tur.

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I 11.199.27 0 3xanat:3tattsstas: 23: 313 t ts s 313 3 3 313: 3 4 3 4 33 33 3 33 34 %%2 8 3 t 3 8 33 3 85 8t18134 4 5 3 3 333 3 3 3 3338 4 8888 3 8 3 3%33438 i0

( 902,3'1121 1 29t.i!!I22 itt it.tsrt pa;t 27'A I i i .

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Ar.nuti report of h0RTHEA'. MJCLEkR ENERGf C0KFANf fear ended Cecember 31,1967 Accu; . ate: Deferred incese Taxes--0ther (Accotot 2331-B

.\

U

?ESCRifi!0N Fli CCSi TOTAL i

liuuRIES AXD DAcc.ES FEiE . ,

14 LANCE 12/31/E, 2,728 770 3,498 ,

ACilVITY 1T67 ( 505) ( 1681 ( 673) 3ALANCE 12/31/8; 2,223 602 2,825

===:::= ::==.=:::: :::=======

hEDICAL FESER/E EALANCE 12/31/3! ( 71,311) ( 20,143) ( 91,454)

ACilVITY 1987 103,694 24,517 153,211 EALANCE li/31/3: 52,263 14,374 46,757

======= :::::::::= :::======

5 ALE 3 TAI ACCRL'.-

IALANCE 12/31/8s ACTIVITY 1957 ( 20,641) ( 26,110) ( 107,75:1

( E4 LANCE 12/31/87 ( E0,841) ( 25.910) ( 107,751)

= ::::::::: ::::::::==

FEN 3101 EIPEh5E PALA!4CE 12/31/E6 ACTIVliY1997 ( 656,124) ( 2E4,134) (1,141,108)

EALANCE 12/31/07 ( E56,124) ( E84,954) (1,141,109) 23 ::::::= :::::::::= ::::::::::

TOTAL A/C 253

, FALANCE 12/31/2! ( 6B,583) ( 19,373) ( 87,956)

ACTIVITY 1987 ( 033,776) ( 277,545) (1,111,321)

BALAhCE 12/31/B7 ( 902,359) ( 2?6,919)(1,199,277)

= :::::::::: 3 :::::::=

/%

U FAGE 277A

NORTHEASTNUCLEARENER6YCOMPANY An Original Dec. 31, 1987 ELECTRIC OPERATIN6 REVENUES (Account 400)

1. Report belou operating revenues for each prescribed are added for billing purposes, one custceer should be account, and manufactured gas revenues in total. counted for each group of etters added. The average on husber of custosers seans the average of twelve f qures

2. Report number of customers, columns the basis of seters, in addition to the nueber of f(f) and (g),latat the close of each conth, rate accountti except that where separate seter readings OPERATING REVENUES Aeount for Line Title of Account Aeount for Year Previous Year No. (4) (b) (c) 1 Sales of Electricity 1 1 1 2 (4401 Residential Sales I  !  !

3 (442) Coseercial and Industrial Sales  ! I i 4 Seall (or Coseercial) 1  !  !

5 Lar I t I 6

(444)ge (or Street Public Industrial) and Highway lighting i l  !

7 (445) Other Sales to Public Authorities 1 I i

8 (446) Sales to Railroads and Railways  !  !  ! 1 9 (448) Interdepartmental Sales t l l 4 g.._........ .......... t..... ...................l  ;

10 TOTAL Sales to Ultimate Consumers i l i l 11 (447) Sales for Resale 268,031,715 (1): 190,407,948 (1)!

! I I )

12 TON Sales of Electricity 1 268,031,715

• 1 190,407,948 I l 13 (Less) (449.11 Provision for Rate Refunds  !  ! I g..... .. .... ........t... ...................;  ;

14 TOTAL Revenue Net of Provision for Refunds i 268,031,715 1 190,407,948 1 15 Other Operating Revenues l------------ ------ -----l----------- --------------I 16 (450) Forfeited Discounts  ! I i 4 17 (451) Miscellaneous Service Revenues  ! I  ! l i

18 (453) Sales of Water and Water Poner t I  !

19 (454) Rent free Electric Property i -

t 290,588  !

20 (455) Interdeparteental Rents l 1 1 21 (456) Other Electric Revenues  ! I I 22 i 1 23 I I i 24 1  ! (

25 l------------------------l----------....--.---------I 26 TOTAL Other Operating Revenues  ! -

t 290,588  :

g.........................g................. .......t ,

27 TOTAL Electric Operating Revenues ..............,,,,,,,,,,,

t $268,031,715 ,,,,,,,,,,,,,,,,,,,,',,,,,,

1 4190,698,5J6 i  !

(1) There are no wholesale rate schedules on file with the FERC. These revenues represent the recovery of I expenses incurred by the Company in operating three nuclear generating units on behalf of the i emners of these f acilities.

i l

Page 300 0

I NORTHEAST KdCLEAR ENER6Y CChPANY An Original Dec. 31, 1997 ELECTRIC QPERATING REVENLCS (lecount 400) (Continued)

Account 442 eay be b^ 4. Coseercial classified and Industrial accordir.o Sales,f to the basis o classificakien (3e411 or Coseerciaf, and large or Industrial) regularly decreases.

5.

tantSee newpake erritory100, leportant added and important Changes rate During Year, increases or for impor-i used by the respendent if such basis of classification 6. For lines 2 4 5 and 6 see page 304 for amounts re-is not generally greater than 1000 Ku of dreand. (See la'.ingtounbilledre,venuebyaccounts.

Account 442 of the Unifore Systee of Accounts. Explain 7. Include unattered sales. Provide details of such sales basis of classification in a footnote). in a footnote.

MEBM Ali HOURS SOLD AVERA6E YJMBER OF CUSTOMERS PER MONTH Aer.at for Nueber for Ascunt for Year Pr'.vious Year Nueber for Year Previous Year line (d) (e) (f) (g) No, i  !  ! l i i!

l t  : I  ! 21

!  !  !  ! I 3I

!  !  !  !  ! 41 i l l 1 5l i l 1 l l 6!

l  ! l l  ! 7!

!  ! l l 1 8 i  !  ! 9

.............................. ......................... [.........................

.... ...................:

!  !  !  ! 10 1

?

! 11

..............................;......................... :...... .................;.........................: g l -

• • l -

l i 12 i i  !  !  !  ! 13 l g..............................g......................... g.........................;.........................;  ;

l 1 -

! l  ! 14 O

• Includes $ -

unbilled revenues.

It inclu:!es -

MH relating to unbilled revenues.

Page 301 1

i J

1

NORTHEAST NijCLEAR EhERSY COMPANY An Original Dec. 31, 1987 ELECTRIC OPERAi!ON AND MAthTENANCE EIPENSES Account Anount for Asount for Current Year Previous Year

1. (1) POWER PRC MCTION EIPENSES l l

2. A. Steaa Poser Generation  ! l l 3 . Oceration l l 1 4 . (500) Operation Supervision and Engineering i i  !

5 . (501) Fuel  !  ! l 6 . (502) Steas Espenses  ! 1 1 7 . (503) Steas free Other Sources  !  ! l 8 . (less) (504) Steae Transf erred-fr. l l l 9 . (505) Electric Expenses I i i 10 . (506) Miscellaneous Steae Pcuer Expenses l  ! 1 11 . (507) Rents I i i 12 . TOTAL Operation  !  ! l 13 . Maintenance  ! I i 14 . (510) Maintenance Supervision and Engineering i  ! i 15 . (511) Maintenance of Structures  ! l l 16 . (512) Maintenance of Boiler Plant l l l 17 . (513) Maintenante of Electric Plant  !  :  !

19 . (514) Maintenance of Miscellaneous Stean Plant l l l 19 . 10TAL Maintenance I i  !

20 . TOTAL Pener Production Expenses-Steas Plant l  ! i 21 . B. Nuclear Pouer Generation  !  ! l 22 . Operatien  !  ! l 23 . (517) 0:eratitn hoervisien and Engineering l 37,920,474 1 26,115,318 l 24 i518) Fuel l l l 25 . (519) Ccolants and Water i 5,559 219 ! 5 053,020 1 26 . (520) Steas Espenses l 17,713,,543 l 14,,074,403 l 27 . (521) Steam from OthEr Sources 1 t 29 . (Less) (522) Steas Transf erred-Cr.  ! I I 29 . (523) Electric Extenses 1 6 830,342 I 5,279 564 l 30 . ($24) Miscellaneous Nuclear Poner Expenses 661 763 ! 42,767,,531 31 . (525) Rents 1 50,,896,089 5 4 096,339 1 32 . TOTAL Operatien 124,,599,,430 97,,389,175 33 Maintenance i i  !

34 . (5201 Maintenance Supervision and Engineering i 382 301 l 7 35 . (529) Maintenance of Struttures l 10,527,,596 8 l 5,780 863t 1

.724 710 36 . (530) Maintenance of Reacter Plant Equipment i 42,,837 527 l 27,820 372 l 37 . (531) Maintenance of Electric Plant  ! 12,701,,394 i 6,199,601 l 36 . (532) Maintenance of Miscellaneous Nuclear Plant  ! 3 494 907 l 2 273 39 . TOTAL Maintenance 77,943,725 l 49,799,583 129 I !

40 . TOTAL Pcier Production Espenses-Naclear Power  ! 202,,533,,155 i 147,,187,,304 1 41 . C. Hydraulic Pener Generation l  ! l 42 . 0 eration  !  ! l 43.(535iOperationSupervisienandEngineering i l  :

44 . (536) Water f or Pcuer i I  !

45 . (537) Hydraulit Espenses  ! t I 46 . (538) Electric Expenses 1 l 1 47 . (539) Miscellaneous Hydraulic Pemer Generation Expensesi  !  !

48 . (540) Rents i l 49 . TOTAL Operatien l l  !

Page 320 0

NORTHEAST NUCLEAR ENER6Y COMPANY An Original Dec. 31, 1987 ELECTRIC OPERATION AND MAINTENANCE EIPENSES (Continued)

Aeount for Aeount for Account Current Year Previous Year 50 . C. Hydraulic Power Generation (Continued) I  ! l 1 1 1 51 . Maintenance 52 . (541) Maintenance Supervision and Engineering l l 1 53 . (542) Maintenance of Structures i i l 54 . (543) Maintenance of Reservoirs Dass, and Watermays  ! I I I

55.(544)MaintenanceofElectricPlant  ! I 56 . (545) Maintenance of Miscellaneous Hydraulic Plant i i  !

57 . TOTAL Maintenance i I  !

58 . TOTALPemerProductionExpenses-HydraulicPever  ! I  !

59 . D. Other Power Beneration i i  !

60 . Doeration  !  !  !

61. (546) Operation Supervision and Engineering i I  !

I I I 62 . (547) Fuel 63 . (54B) Generation Expenses  ! I i 64 . (549) Miscellaneous Other Pouer Generation Espenses  !  ! I I  !  !

65 . (550) Rents TOTAL Operation  ! l  !

66 .

1  !  !

67 . Maintenance 68 . (551) Maintenance Supervision and Cngineering i I I i I I 69 . (552) Maintenance of Structures 70 . (553) Maintenance of Generating and Electric Plant 1 i I

71 . (554) Maintenance of Miscellaneous Other Power Generation Plant 1 72 . TOTAL Maintenance  !  !

73 . TOTAL Power Production Excenses-Other Power i i 74 E. Other Pcuer Supply Expenses  ! I  !

75 . (555) Purchased Power  ! l l 76 . (556) Systen Control and Load Dispatching l I 1

_ 77 . (557) Other Expenses l I  !

78 . TOTAL Other Power Supply Expenses 1  : 1 79 . TOTAL Pever Production Expenses 1 202,533,155 i 147,187,304 I 60 . 2. TRANSMISSION EIFENSES i  ! l 81 . Oceration I i i 82 . 1560) Operation Supervision and Engineering  ! t,054,702 1 985,536 I 83 . (561) Lead Disnatching i t i 64 . (562) Station Expenses  ! 3,288,058 1 1,805,344 I 85 . (563) Overhead Line Expenses  ! I I 86 . (564) Underground Line Eigentes 1 1 1 97 . (565) Transsission of Electricity by Others 1 l 88 . (566) Miscellaneous Transmission Expenses  ! 609,815 1 512,695 l 89 . (567) Rents  ! I I 90 . TOTAL Operation 1 4,952,575 : 3,303,775 I

i  !

91 . Maintenance 92 . (568) Maintenance Supervision and Engineering I 69,771 ! 987 I 11 448 I 50,874 8

1 93 . (569) Maintenance of Struttures 1 94 . (570) Maintenance of Station E4uipeent  ! 2,357,,399 1 922,,674 l

95. (571) Maintenante of Overhead Lines  ! I i 96 . (572) Maintenance of Underground Lines l l  !

97 . (573) Maintenance of Miscellaneous Transsission Plant I  ! l 98 . TOTAL Maintenance 1 2,438,618 i 982 535 I 99 . TOTAL Transeission Expenses t 7,391,193 1 4,286,,310 1 100 . 3. DISTRIBUTION EIFEhSES I l  !

101 . Coeration  !  !  !

102 . (5B0) Operation Supervision and Engineering i 1 1 103 . (531) Lead Dispatching i I I Page 321 O l 1

l

NORTHEAST NUCLEAR ENER6Y COMPANY An Original ELECTRIC OPERAi!0N AND MAINTENANCE EXPENSES (Continued)

Dec. 31, 1997 h

Aeount f or Ascunt for Account Current Year Previcus Year 104 3. DISTRIBUT!0N EIPENSES (Continued) i  !  !

105 . (562) Station Expenses I i 1 106 . (593) Overhead Ltne Expenses  ! I l 107 . (594) Underground Line Expenses I  !  !

108 . (565) Street Lighting and Signal Systen Expenses i I i 109 . (506) Meter Expenses t 1 110 . (587) Custcaer Installations Espenses l l l 111 . (568) Miscellaneous Distribution Expenses l l l 112 . (599) Rents l l I 113 . TOTAL Operation l l  !

!!4 . Maintenance  ! l l 115 . (590) Maintenance Supervision and Engineering i i l 116 . (591) Maintenance of Structures l l l 117 . (592) Maintenance of Station Equipsent I l l 110 . (593) Maintenance of Overhead Lines 1 1 119 . (594) Maintenance of Undercround Lines l l l 120 . (595) Maintenance of Line Transformers t  : 1 121 . (596) Maintenante of Street Lighting and Signal Systess I l l 122 . (597) Maintenance of Meters  !  ! i 123 . (599) Maintenance of Miscellaneous Distributien Plant I t i 124 TOTAL Maintenance l l l 125 . TOTAL Distributien Excenses i l 126 . 4. CUSTOMER ACC0l!NTS EIPENSES l  ! l 127 . Oceration  !  ! l 128 . (901) Supervision i l 129 . (902) Peter Reading Expenses l l l 130 . (903) Custener Records and Collection Espenses  : i i 131 . (904) Uncellectible Acteunts  ! I l &

132 . (905) Miscellaneous Custcaer Acccunts Expenses i  !  ! T 133 . TOTAL Custcaer Accounts Escenses  !  ! l 134 . 5. CUSTCMER SERVICE AND lhFORMATIONAL EIPENSES l l l 135 . 0:eratica l l l 136 . (907) Supervisien  !  !

137 . (909) Custcaer Assistance Expenses i  !

138 . (909) Infereational and Instructional Expenses  ! I t 139 . (910) Miscellaneous Custener Service and Informational Expenses : 1 i 140 . 101 AL Cust. Service and Inf ernational Expenses i  !

141 . 6. SALES EIPEhSES I  : l 142 . 02eration  ! l t 143 . bill Supervisien  : i l 144 . (912) Cesenstrating and Selling Expenses  !  ! l  ;

145 . (913) Advertising Expenses  ! l  :

146 . (916) Miscellanicus Sales Expenses  !  !

147 . TOTAL Sales Eigenses i i l I

149 . 7. ADMINISTRATIVE AND GEhERAL EIPENSES  !  !

149 . Operation  ! I i 150 . (920) Adeinistrative and General Salaries i 6 967 l 5 690 796 1 ,

151 . (921) Office Supplies and Expenses 152 . (Less) (922) Administrative expenses Transferred Cr.

1 l

4,,055,GB9 2,

i680,746 l 2,,508,268 i 18,915 l l

153 . (923) Outside Services Espicyed l 1 851,746 l 761,978 :

154 . (924) Preserty Insurance i 736 535,,353 l 155 . (925) Injuries and Datages  : 11,,437,,536 2 686 1 1 7,602,220 l 156 . (926) Eeployee Pensions and Benefits 11,,631,573 1 1,663,679 7, l Page 322 ,

I i

1

An Original Dec. 31, 1987 g NORTHEAST NUCLEAR ENERGY COMPANY V ELECTRIC OPERATION AND MAINTENANCE EIPENSES iContinued)

Aeount for Aeountfor Account Current Year Previous Year 157 . 7. ADMINISTRATIVE AND BENERAL EIPENSES I i 1 158 . (927) Franchise Requirteents I t t 159 . (928) Regulatory Coseission Expenses 1 185 1 4,046 1 160 . (Less) (9291 Duplicate Charges-Cr. I  ! I 161 . (930.1) General Advertising Expenses i i i 162 (930.2) Mistellaneous General Expenses t 632 422 947 1 1

4 484,187 752 : 1 2,790,,966 1 163 . (931) Rents 164 . TOTAL Operation  ! 45,,708,,673 1 28.961,338 1 165 . Maintenance 1  : I 166 . (935) Maintenance of General Plant i 1 737 TOTAL Administrative and Beneral Expenses t 47,463,372 172 1 29,699,682 1 167 . 181,172,,020 1 168 . TOTAL Electric Operation and Maintenance Expenses  ! 257,,096,,045 393 ! 1 634 1

! I I NUMBER OF ELECTRIC DEPARTMENT EMPLOYEES

1. The data on nueber of esployees shculd be reported for the .asyroll period ending nearest to October 31, or any payroll period ending 60 days before or af ter October 31.

i O' 2. If the respondent's payrell for the reporting period includes any special construction personnelsuc

3. The nutber of esplayees a,ssignable to the electric departeent free joint functions of coebination utilities en the basis of esployee equivalents. Shou the estimated number of equiv-say alentbe determined esployees by estieste,the attributed to electric department free joint functions, j

.......................................................................................... ...................... l l

1. Payroll Period Ended (Date) Deceeber 26, 1987 2 . Total Regular Full-Time Eeoleyees 780 3 . Total Part-Tine and Tes;orary Esployees -

4 . Total Employees 780 l

l l

Page 323 l O i

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1987 MISCELLANEQUS 6ENERAL E1PENSES (Account 930.21 (Electric)

Line Description Anannt No. (al (b)

I 1 !!ndustry Association Dues t $3,653 1 1 1 1 1 I i 1 2 INuclear Power Research Expenses I i 1 1 I I I I 3 10ther Experimental and General Research Expenses I t l

!  ! 1 I

! 4 ! Publishing and Distributing Inforeation and I  !

(Reports to Stockholders! Trustee, Registrari and 1 I

ITransfer A enses and Other I i t IExpensesServicing ofent Fees Outs and Enfanding Securities i I l l lof the Respondent t 61,993 1

! I i  !

t 5 10ther Espensas (List itees of $5000 or more in  ! I I tthis coluen shoutng the (1) purpose, (2) recipient 1 I i t land (3) amount of such itses. Group neounts of I l

1 11:55 than $5,000 by classes if the nusber of itees i I ,

l

! I I Iso grouped is shoual

! 6I I  ! l I I i 7! '

! B Pre-Esploysent Investigation !stvices I t I 9! Miscellaneous (3 Itees 1 I 1,234 I i 10 t  !

! 11 IFire Departments 1 I 12 i Miscellaneous (6 Itess ) i 2,250 t i 13 I I l

! 14 ! Security Facilities  ! 148,630 t i 15 ! I  !

I 16 l Northeast Utilities Service Company i i 1 17 : Services t 394,527 I i 19 I  ! I i 19 I I I 1

I 20 l l I  !

! 21 1

! 22 i i I I 23 I I I I 24 I i  !

! 25 I I i

! 26 !  ! I t 27 I I I I 28 ! I L l 29 i t t l 30 t t t 31 i I t

! 32 I I i

! 33 I t i 1 34 I I t I t  !

! 35 i I

! 36 I I I

! 37 I I I I 39 ! I I

( l t 39 I I t 40 t t I I 41 1 I I i 42 I I I i 43 ! l  !

! 44 I I i 1 45 : I t I 46 ITOTAL I $632,167 i Page 335 0

HORTHEAST NUCLEAR ENERGf COMPANY an Original Dec. 31, 1987 O

v DEPRECIATION AND AMORI!ZAll0N Of ELECTRIC PLANT (Accounts 403, 404, 405)

(Except aeottitation of acquisition adjusteents)

1. Report in Section A for the year the aeounts for:

classifications and showirq a composite total. Indicate (a) Depreciation Expense (Account 403); (b) Anortiza- at the bottoe of section C the sinner in which coluen (b) tion of Lietted-Tere Electric Plant (Account 404)* and (c) balances are obtitned, if average balances, state the AnortizationofOtherElectricPlant(Account 405l. method of averaging used.

2. Report in section B the rates used to coepute amor- for coluans (c) (d), and (e) report available in-tization charges for electric plant (Accounts 404 and 405). forettion for each pla,nt subaccount, account or functional State the basts u:ed to compute the charges and whether my classificatich itsted in coluen (a). If plant sortality changes have been made in the basis or rates used free the studies are prepared to assist in estinating avera3e service preceding report year, lives, show in coluen (f) the type nortality curve selected

3. Report all available intoreition called for in section as most appropriate for the account and in coluen (9), if available, the wei3hted average restining life of surviving C

ingeveryannuillyfifth year only beginning changes with report to coluans year (3 (c) through 1971,) from report- plant.

the cceplete report of the preceding year. If ccaposite depreciation accounttrq is used report unless compostte depreciation accounting for total availableinformationcalledforincolumns(b){hrough(9) depreciable plant is followed, list numerically in coluen on this bists.

(a) each plant subaceount, account or functional classifica- 4. If provisions for depreciation were side during the tion as appropriate to whteh a rate is applied. Identify year in addition to depreciation provided by application attbebottomofsec{tonCthetypeofplantincludedin of reported rates, state at the bottoo of section C the any subaccounts used, aeounts and nature of the provisions and the plant stees in coluen (b) report all depreciable plant balances to which related.

to whteh rates are applied showirG subtotals by functional

- ............. ..... ...------ =.--- ...

A. Suneary of Depreciation and Aeortization Charges _- ---

Depreciation Anotttzation of Aeortization of Line Functional Classification Expense Lietted-Tern Electric Other Electric Total No. (Account 403) Plant (Acet 404) Plant ( Acet. 405)

(1) (b) (c) (d) (e)

-.........-- .................._......................= -

0 1 Intarsible Plan'.

O 0 2 Steas Protxtion Plant -

470,100 3 Nuclear Production Plant 442,871 27,229 -

0 4 H draulle Production Plant-Conventionil 5H raulic Production Plant-Pumped Storage - - -

0 0

60 t Production Plant ,

0 7 Iranssission Plant 0

8 01stributton Plant -

40,743 9 General Plant 40,743 -

0 10 Coseon Plant-Electric ....................-

(1) 1493,614 127,229 $0 6510,843 >

11 101AL

====== :== :=s:::::=== :::s=== :::::::::::: sz= s:ssassatzza:ssan== l

............- =-- =.- __-- _- . ...............-= _

14 Basis for Aeortization Charges

.---

1987 Base Tere Coenenced Aeort, fence on Pequot Ave. 126,258 5 its. 1985 15,339 425,000 13 3/4 Trs. 1986 21,890 riillstone Unit 63 Sinalator ........

(2) 127,229 33333333 (1) Total charge to 403 in 1987 consists of:

(a) 1987 Book Deereciation Expense $569,439 (b) Adjustaent of 1986 Book Depreciation Expense ,,(8g25) l

$483,614 53333333 (2) Total charge to 404 in 1987 consists of:

(a) 1987 Aeortization $22,829 (b) Adjustaent of 1986 Anottization 4,400 127,229 ,

sassezzas j l

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1987 DEPRECIAI!0N AND AM0t!IZATION OF ELECTRIC PLANT (Continued)

C. Factors Used in Estinating Depreciation Charges h

Depreciable Estimated Applied Account Avera9e Platit Base Avg. Servlee Net Salvage Dept, late (s) Monthly Curve kesaining Line- No. (in thousands) Life (Percent) (Percent) Type Life No. (a) (b) (c) (d) (e) If) (g) 12 Nuclear Production 13 14 321-325 3,008 17.5 (2) 15 321-325 3 19.5 16 321-325 3,008000 23.5 17 321-32'J 3,'009 38.5 18 -

19 fotal Maclear 20 Produet1on 12,033 21 ------

22 General 23 -------

24 391 222 17.5 (2) 25 391 222 19.5 26 391 222 23.5 27 391 223 38.5

g .. .

29 20 Total General 889 31 --

32 33 34 total 12,922 (1) 35 ===============

36 37 A

40 G 41 Notes: (1) Excluding plant charged to clearing accounts and property 42 subject to anottization.

43 l 44 (2) June - December was 45 kesiining lifetoJan.-

17.5 yrs. due May the extending wasLicense 10.5 yrs., life of CY to 2004, 46 47 48 the provtston for depreciation 15 computed on a straight-lire 49 resatning life method based on the reeatning license I1ves of 50 the four Nuclear Units which share the simulator facilities.

51 52 53 54 5d 56 57 58 59 60 61 62 60 64 65 66 67 68 69 70 71 72 Page 337 W

NORTHEAST NUCLEAR ENER6Y COMPANY Ao Crigir.al Dec. 31,1967 PARl!CULARS CONCERNING CERTAllt INCOME DEDUCTI0h3 AND INTEREST CHARSES ACCOUNTS Report th6 inforsation specified belou deduction and interest charges accounts., in the order Provide a subfieading otven, for each for and account the respective incoot a total f or the account. Additional columns say be added if detoed appropriate uith (m) s respect to any account.

(a) Miscellaneous Aeortitation (Ac'.ount 4251-Describe the nature of itees included in thisand account, the per iod of aeortitation.the contra account charged, the totti of aeortisation charges for the pa and amount of other year (b

l Miscellaneous incoee deductions for the year as Incoes required byDeductions-Report Accounts the naturek26.kteknations: 426.2, Lif Insurance) 426.3 Penalties; 426.4 Espenditures for Certain, Civic Political and Related Activities; and 126.5, Other Deduclions, of the Unifore Systes of Accounts. Aeounts of less than 51 of each account total for the year (or $1,000, whichever is greater) ear be grouped by classes within the above accounts.

Ic) Interest on Debt to Associated Coepanies (Account 4301-For each associated indicate the secunt company and interesttoratem'iich interest for respectively on(a)debt was incurred advances on notes,during lb) a the year,dvances on open acteunt, (c) notes payable, (d) accounts payable, and (e) other debt, and total interest.

Esp d) (lain Cther the nature Interest of other Expense debt43ti-Report (Account on whichparticulars interest uns incurred during)the year. including (details the aeount and interest rate for other interest charges incurred during the year.

Line Ites Aeount No. (a) (b) 1 Miscellaneous Asertitation (Account 425) 2 ---------- -- --------------------

3 NOWE $

4 5 Miscellaneous income Deductions - Donations (Account 426.1) 6 ------------------------------------------------------ ----

7 Matching Gif t Prograe 20,000 8 Lawrence and Meeorial Hospital 3 9 United Way of Southeastern Ct 3,,550 400 10 Rushford Center Incorporated 2,000 11 Miscellaneous (9 Ittes) 4,091 12 13 Total Account 426.1 33,941

.u u u n un..

14 15 Lif e Insurance ( Account 426.2)

A 16 ------- ---------------

U WOWE 19 Fenalties (Account 426.3) 20 .... ...... ...... .

21 Civil penalty for security violations at the Millstone Nuclear 22 Peeer Station in Waterford, Ct. 25,000 23 24 Total Account 426.3 25,000 25 unununu.

26 Espenditures for Certain Civic, Political and Related Activities 27----------------------------------------------------------------

28 (Account 426.4) 29 ---------------

30 See Account 426.4 on page 340A 4,923 31

.n.un nun 32 Other Deductions (Account 426.51 33-------------~~~~-------

34 Executive incentive Con ensatien Progras 84,180 35 Miscellaneous (42Itensi 3,376 36 37 Total Account 426.5 97,556 38 u s u u n n.u.

39 Total Account 426 151,320 ,

40 un.nunun ,

,41 Interest on Cebt to Associated Coepanies (Account 430) 2 .-...................................... ............

43 Interest Espense for Money Peel 119,481 44 45 Total Account 430 .....u.118,481 u.u l 46 47 Other Interest Espense (Account 431) 4g ..................................

49 Interest Espense billed to participants of MPl3 through 50 Funding Statement Various 534,198 51 Short-tere Borrowings Various 286,528 l l

52 Miscellaneous (4 Ittes) Various 4461 53 O)

( 54 55 Total Account 431 uunun.nu B25,5f,7 j 56 57 (Continued on page 3404)

Page 340  !

i

NORTHEA!i NUCLEAR ENER6Y COMPANY An Original Dec. 31,1987 PARTICULARS CONCERNING CERTAIN INCOME DEDUCTIONS AND INTEREST CHAR 6ES ACCOUNTS Repit the information specified belos dedurtion and interest char es accounts., Frovide a in the order subheadin given, for each for the account andrespective incoat r a te;al for the account. A ditional coluent say be added if hetoed appropriate uith

(-) res aect to any account.

'al Miscellaneous Aeortitation (Account 4251-Describe the nature of itees included ir thisandaccount, the per iod of aeortitation.the contra account charged, the total of amortitation charges for the (b and secunt of other year lMiscellaneousIncomeDeductions-Reportthenaturepakteinc Insurancel 426.3 Penalties; 426.4 Expenditures for Certain knations) 426.2 Life

$Ntivitiesg and k26.5, Other Deduclions, of the Unifore Systee of kccounts. Aeounts of less than 51 of each account total for the year (or $1,000, whichever is greater) ear be grouped by classes within the above accounts.

Ic) Interest on Debt to Associated Coepanies (Account 430)-For etch associated company to which interest on debt was incurred during the year, indicats the aeount Ib) advances on opeft account, and interest (c) notes rate (d) payable, respectively for (a) advances accounts payable, on de and (e) other notes,bt, and total interest.

Exp(lain the nature of other debt on which interest was incurred during)the year.d) Other Interest Ex the teount and interest rate for cther interest charges incurred during the year.

Line Ites Aeount No. (a) (b) 1 Account 426.4 2

3 4 Applicable salaries and expenses of esployees of Northeast 5 utilities Service Ceepany in cr~nection with Federal lobbying 6 activities t 2,524 7

8 Applicable salaries and expenses of esployees of Northeast 9 Utilities Service Cospany in connection with other civic and 10 political activities 1,191 11 12 Miscellaneous (3 Itees) 1,208 13 i4 Total Account 426.4 4,923

===

15 0 a 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 49 49 50 51 52 m

55 56 51 Page 340A

NORTHEAST NUCLEAR ENER6y CDMPAWY AnOriginal Dx. 31,1987 RESULATORY COMMISSION EIPENSES

1. Report particulars (details) of regulatory coseission en- indicate whether the expenses were penses incurred during the current year (or incurred in previous 2.Incoluans(b)and(c)$odyorwereotherniseincurredbythe assessed by a regulatory if being atorttred) relating to forsal cases before a utility.

years, regela tory body, or cases in uhich such a body was a party.

Description Deferred in (Furnish name of requiatory ceanission or Assessed by Espenses Total Account 186 at line body, the docket or case number and a Regulatory of Espenses Beginning he. descriptionofthecase.l Coesission Utility to Date of Year (a) (b) (c) (d) (e)

.....i !Propertiocate share of expenses of the De artment of I I I I I 2 IPublic utility Control, State of Connetti ut 1 52 1 -

! 52 1 1 3I I I I I I 4 ! Miscellaneous (5 Itess) 1 l 133 1 133 I I 51  ! I I I i 6I I i 1  ! l 7I I I I I  !

81 1 I i  ! l 91 I I 1 I i 10 1 I I I I I 11 1 1 I I I i 12 I I I I I i 13 I I I I I I l 14 I  ! I I I I I 15 I I I I I I 16 I I I I I i 17 1 1 1 L l i 16 I I I I I I 19 I I I I I I 20 I I I I I I 21 I I I I i 1 l 22 I I I I 1 1 23 I I 1 1 I I I 24 I I I I I  ! l 25 i i i l  ! I 26 I I I I I I 27 I I i 1 I I 29 1 1 I I I I 29 1 1 I I i 1 30 l l l 1 1 I i I

31 I I t i I 32 I  ! I I I I l 33 I I I I I I 34 ! I I I I I i

35 l I I I I I 36 I I I I I I 37 1 1 I  ! 1 1 38 ! I I I I I 39 1 I I I I I 40 t i I I I I 41 I I I I i 1 42 I I i 1 1 1 43 I I I I I I 44 1 1 I I  !  !

45 I I I I I I 46 ITOTAL I 52 1 133 1 IB5 I  !

Page 350 0

}

NORTHEAST NUCLEAR ENER6Y COMPANY AnOriginal Dec. 31, 1997

% RE6ULATORY COMMISSION EIPENSES (Continued)

(d 3. Shou in colues (k) any expenses incurred in prior years

5. Listwere in coluen (f), (g)ly to incose, plant, or other ac.and (h) which are being aeortized. List in coluen (a) tha period of aeor- which charged current tiration. counts.

4. The totals of columns (e), (i) (1) and (1) aust agree with 6. Minor itees (less than $25,000) say be grouped.

the totals shown at the bottee of,page,223 for Account 186.

E!PENSES INCURRED DURIN6 YEAR AMORillED DURING YEAR Def erred in CHAR 6ED CURRENTLY 10 Deferred to Contra Account 186 Department Account No. Aaount Account 186 Account Aeount End of Year Line (f) (g) (h) li) (j) (k) II) No, t l I I I I I 1i Electric t 928 I 52 I I I I I 2I I I I I I I i 31 Electric I 928 1 133 1  !  !  ! I 4I I I I I I I t 51

!  ! I I I t i 61

!  ! I i t I i 71 1 I l t 1  : I 8I I I I I l l t 91 1 I I  !  ! I i 10 1 I I I I  ! I I 11 1 I I I I I  !  ! !21 1  !  ! I I i 1131 1 1 1 I I L t 14 I I t i I t I i 15 I i i i l I i 16 I I I I t I t i 17 I I I I I I I ( 19 !

! 1 1 1 I I i 19 i

! I I i  !  ! 1 20 1 1 I I I I I I 21 1 l 1 1 I i  ! 1 22 t O

V I

I I

I I

I I t i t  !

I I 23 1 1 24 1 I I I I i 1 1 25 1 1  !  ! I I i 1 26 1 1 I I I I i 1271 I I I i i 1 1 28 I I I I I I i 1 29 I t I t i I i 1 30 1 1 1 1 1 I I t 31 1 I I I I I i 1 32 1 1 I I t t  ! I 33 I I I I I I I 1341 I I I I I I 1 35 1 1 I I i t i I 36 I I I I I i 1 1 37 1 I t t  ! I I IMi i l  ! I I i 1 39 1 1 1 1 I I I 1401 1 1 1 I I i 1411 1 I t  ! I I l 421 I I I I I I i 43 1 1 I I I I I I 44 1

!  ! I I I I t 45 1 .

I  ! 5 1

. 1 1 1 1461 Page 351 0

1 i

1

NORTHEAST NUCLEAR ENERBY COMPANY An Original Dec. 31, 1987 RESEARCH, DEVELOPMENT, AND DEMONSTRATION ACTIVlilES

1. Describe and shou belen ecsts incurred and accounts b. Fossil-fuel stene

c. Internal ccabustion er gas turbine h

charged during the year f or technological research, develep sent, and demonstration (R, D 6 D) project initiated, continue d, d. Nuclear er concluded durir:g the year. Report also support niven to others e. Unconventional generation during the year fcr jointly-soonsored projects. (Identify recipient f. Siting and heat generation regardlessofaffiliation.)ForanyR,DLDworkcarriedonby (2) Systee Planning, Engineering and Operation the ressendent in nhich there is a sharing of costs with others, (3) Transsission shew staarately the respendent's cost for the year and cost a. Overhead chargeable to others. (See definition of research, developsent, b Underground and desenstration in Unifore Systes of Accounts.) (4) Distribution

2. Indicate in coluen (a) the applicable classification, as (5) Environsent (other shewn beles. Classifications: to Other (Classify and than inclu e3.uipeent) e itens in excess of

$5 A. Electric (1) SentraR{ionD 6 D Performed Internally (7)To[000.1 41 Cost Incurred

a. Hydroelectric D & D Pericated Externally

i. Recreatien, fish, and sildlife B. Electric (1) Researc R,h Suppert to the Electrical Research

11. Other hydreelectric Council er the Electric Peeer Research Institute Line Classificatien Description No. (a) (b)

I !:................y Electric Utilit RCnD Perf orced Internally 2

3! A. (6)  : Itea Under $5,000 (1 Ites) 4i 1 5 A. (7)  : Total Cost Incurred Internally 6; l 7: I -

0 IElectric utility RD&D Perforaed Externally 9:..-.......................................

10 : B. (4)  : EPRI - N'J Fuel Consolidation MPl2 11 ! l Peuer Stest Crevice Concentration Rodel Develop - UConn 12 l l Seisaic Instrueentation - Moedus Berthele - Woodsard - Clyde 13 : 1 Fish Larvae Entrainment i Millstone Peuer Statien - M.I.T.

14 l Agina o 15 : Planl f Nuclear Plant Cables - UConnSpecific Frequency of Pipe Breaks - Atre 16 :  ! Tube Support Corresien - UConn 17 l l Condensate Polisher Resin Separation - R.C. Tech.

18 : 1 Instrueent Calibration Analysis - Wytek Corp.

19 ! l Seisaic Monitoring - ESEE9CD 20 i t Regeneration Scent Cleaning Solutions - UCenn 21 Fluidelastic Instabilities in hbt Bundles - Argonne Nat. l.at 22 1 Sieplified Piping Suppert Projects - Cloud 23 1 Isaroved Fethod Predicts Nuclear Reacter Transient - M.I.T.

24 i i PifProgressionRate-Univ.ofMichigan 25 l l Stena Generator Hydraulic - Alder. Lab.

26 l l Feedsater Flce Measurements - E.I. International 27 !  ! Itte Under $5,000 (1 Ites) 29 1  :

29 i B. (7)  : Total Cost Incurred Externally 30 t i 3l ! l 32 l iTetal Electric Utility RD&D Perfereed Internally and External 33 i 1 34 l l 35 l l 36 1 37 l 1 33 1 l 1  :

Page 352 0

N ETHEAST NUCt. EAR ENER6Y COMPANY An Original Dec. 31, 1987

/

d RESEARCH, DEVELOPMENT AND DEMONSTRAi!0N ACTIVITIES (Continued)

(2) Research Support to Edison Electric Institute penses during the year or the account to which teounts were (3) Research support to Nuclear Pouer Groups capitalized during the year, listing Account 107, Construction (4) Research Support to Others (Classify) Work in Progress, first. Shcu in coluen (f) the secunts (5) Total Cost Incurred related to the account charged in coluen (el.

3. Include in coluen (c) all R. D k D itees perfereed inter- 5. Shou in coluen (g) the total unaeortized accusalation nelly and in coluen (d) those itees perfereed outside the coe- of costs of projects. This total east equal the balance in

'5 00 briefly describing the specific Account 188 Researth, Development a9d Desonstration Espendi-tures Outslanding at the end of the year.

panycostinb&6(0ormore,fetylcorrosioncontrol, area of R, such as sa autoestion, sensuresent insulat on type of appliance etc.)

pollution, D Group itees unde' $5,006 by classifl cations and indicale the 6. If, costs have not been segregated (dl andfor (f) Rorprojec with such aeounts identified by 'Est nusterofiteesgroubed.UnderOther,A.16)andB.(4) itees by type of R & D activity. classify 7. Report separately research and reisted testing f acilities

4. Show in coluen It) the account number charged with ex- operated by the respondent.

AMOUNTS CdARSED IN CURRENT YEAR Unamortized Costs Incurred Internally: l Costs Incurred Enternally:!

Current Year I Accueulation Current Year

!  ! Account Aeount l Line (c) 1 (d) i I (g) No.

!  !  !  !  ! 1l l l  !  : 1 2i 84,958 : i 930 l $4,958 1 1 3i

.........................; i....................; 4

$4,956 I l  ! $4,956 1 1 5t

! l 1 I i 6 l l 1 I l 7i

! l l l l 8!

I i  !  ! l 9l l 11,772,073 1 524 i 11,772,073 l 1 10 i

! 65,577 1 524 1 65 l 11 1 46,100 t 524 l 46,,577 100 I 1 i 12 l 29,616 1 29,616 i 1 13 1 q  !

! 33,082 1 524 524 1

1 33,082 i i 14 i V  ! 93 457 1 524 I 93 457 I i 15 I i 23,,799 I 524  ! 23,,799 t  ! 16 I i 11 524  : 11 556 t i 17 l l

38,556

,896 l l 524 1 38,,896 i  ! 18 l

! 50,000 t 524 l 50 000 l l 19 :

l 54.000 l 524 l 54,,000 t i 20

? 30,000 524 1 30 000 t t 21 l l 45,061 1 524  ! 45,,061 i 1 22 1

! 30,000 l 524 1 30,000 t l 23 i

! 11,205 i 524 l 11 1 24 I

73,663 ! 524 73,205 663 l l t 25 I i

i l 23,797 524 1 23,,797 1 1 26 ! i 1 509 I 524 1 509 i l 27 :

.........................  ;....................l l 29 1

$2,432,391: 1 $2,432,391 :  ? 29 t 1 I i l  ! 30 ? I

.........................t.........................:  ;....................:  : 3; ;  ;

$4,958 ! $2,432,391  ! $2,437,3491 $344,914 1 32 : l

l ::::::::::::::::::::  : 33 ;

l 1 1 t 1 34 :

I l t 1 1 35 l  ! l  !  ! 36 I l l t I i 37 1 1 i  ! l t 39 I l l l l 1  :

Page 353 l l

O

NORTHEAST NUCLEAR ENERBY COMPZY An Original Dec. 31, 1997 O!STRIBUTION OF SALARIES AND llAGES Report below the distribution of total salaries and rages for the year, Segregate secunts originally charged to Plant Recov415, and Other Accounts and enter such secunts in clearing accounts the appropriate linesto Utility and Departments, coluans Construction,ing this segregation of salaries an$ wages originally charged to prtvided. in deterein elearing accounts, a method of approvisation giving substantially correct results say be used.

Allocation of Payroll Charged Line Direct Payroll for Clearing No. Classification Distribution Accounts Total (a) (b) (c) (d) 1i Electric I I I I t I t t 2 ! Operation 31 Production 1 23,441,568 I I I 4I Transsission  ! 123 !  !  !

t  !  ! I 51 Distributien

! t i I 6 Custceer Accounts 7I Custceer Service and Infereational I 8! Sales I l 1 1 9i Administrative and General  ! 92,420 t I i 10 I TOTAL Operatien (Enter Total of lines 3 thr3 9) I 23,534,139 I I I 11 1 Maintenance  !  ! l l i 13,309,540 t t  :

12 i Production 13 I Transeission  ! 467 I t i i I I i 14 ! Distribution I I I 15 l Adainistrative and General  !

16 1 TOTAL Maintenance (Enter Tetal of lines '2 thru 15) I 13,310,007 I I i 17 I total Operation and hintenance i  !  ! l 18 : Production (Enter Total of lines 3 and 121 1 36,751,128 I t i t 590  ! I 19 I Transeission (Enter Total of lines 4 and 13) 20 1 Distribution (Enter Total of lines 5 and 141 1 01  !  !

21 1 Custceer Accounts (Transcribe free line 61  ! OI (  !

22 I Custceer Service and Information (Transcribe free line 7) 1 0l I  !

23 l Sales (Transcribe free line 81 1 0: I I 24 l Administrative and General (Enter Total of lines 9 and 15) t 92 428 I I I 25 i TOTAL Operatien and Maintenance tiotal of lines 18 thru 24) ! 36,844,,146: 981,289 1 37,925,434 1

!  ! l t 26 I Gas

! I I 27 ! Operation t 28 I Production - Manuf actured Gas  ! I i l 29 ! Production - Natural Gas (Including Expl. and Lev.) I I t 30 1 Other 6as Supply I  : i 31 1 Sterage, LNS Tereinaling and Precessing  !  !  ! l 32 1 Transatsuen t i I I 33 I Distribution I i  ! t t t 34 i Custceer Accounts  ! I I

35 i Custceer Service and Inforestienal  ! I I 36 i Sales I 1 Adeinistrative and General 1 1 I t 37 i

S8 1 TOTAL 0;eration (Enter Tetal of lines 29 thru 37)  ! I 1  !

! I I t i 39 Maintenas.ce 40 I Production - Manuf actured 6as 1  !  !

41 l Production - Natural Gis  ! I 1  ! i Other 6as Supply i I I I 42 I 43 1 Storage, LhG Terminating and Processing i t I t 44 1 Transatssion  !  !  !  !

i l i 45 I Distributien 1 46 I Administrative and General I t  !

47 t TOTAL Mair.tenance (Enter total of lines 40 thru 46)  : I  !  !  !

Pa;e 354 .

1 O

l

NORTHEAST NUCLEAR ENERBY COMPANY An Orieinal Dec. 31, 1987 DISTRIBUT!0NOFSALARIESANDWABES (Continued)

A!!ocation of Payroll Charged l3 roll d Line for Clearing No. Classification DirectPaflon Distribu Accounts Total (a) (b) (c) (d)

Das (Continued)

I I I 481 Total Operation and Maintenance  !

I  !  !

49 i Production - Manuf actured Bas (Enter Total of lines 28 and 40) 1 50 t Production - Natural Bas (including Expl. and Dev.) (Total i I t i

! l  :

I of lines 29 and 41) 51 1 Other Bas Supply (Enter Total of lines 30 and 42) i I I t 52 l i l I  !

Storage,43)LNB, 31 and Tereinating and Processing (Total ofi lines I I I 53 I Transeission (Enter Total of lines 32 and 44) I i i I

! I I I 54 I Distribution (Enter Total of lines 33 and 45) I  !

55 i Customer Accounts (Transcribe free line 34) i I I  !

56 I Custoner Service and Infereational (Transcribe free line 35) l I i 1 57 i Sales (Transcribe free line 36)  !

58 i Adelnistrative and Beneral (Enter Total of lines 37 and 46)  ! i l i I I 59 1 TOTAL Operation and Maint. (Total of lines 49 thru 58) I Other Utility Departments I  !  !  !

60 1 i 61 1 Operation and Maintenance  !  !  ! 0I 62 1 TOTAL All Utility Dept. (Total of lines 25,59, and 61)  ! 36,844,146 I 981,288 1 37,825,434 1 63 I Utility Plant i i i I 64 : Construction (By Utility Departments) i I  !  !

65 i Electric Plant  ! 466,851 1 I 466,851 1 66 i Bas Plant I  !  ! Oi 67 i Other f  !  ! 0 68 i TOTAL Construction (Enter Total of lines 65 thru 67) 1 466,851 1 01 466,851 1 69 i Plant Renoval (By utility Departient) I i i I 70 l Electric Plant  ! l  ! 01 71 i BasPlant i  !  ! OI 72 t Other I I  ! 01 73 i TOTAL Plant Renoval (Enter Total of lines 70 thru 72) 1 01 0l 01 I I  !  !

O 74 75 IICustoner Other Accounts (Specify):ble Accounts Receiva  ! I l 0i V 76 ! Miscellaneous  !  ! I i

0:

903 1 77 i Accounts Receivable free Associated Companies (Account 146) i I 78 I Injuries and Dasages Reserve (Account 228) (rebilled to the I  !  !

506,632 14, l 79 I oiiningccapanies)  ! I I i 80 1 I l 1 1 81 1 I l  ! l 92 I I I I I 83 I I i' 1  !

84 I l ( I B5 I i i i  !

86 I I i i  !

87 I I I I I 88 I i i  !  !

89 I I i l  !

90 1 1 I I I 91 !  ! I i 1 92 I I I l l 93 I t i  ! 1 94 I I I i 1 95 I TOTAL Other Acceunts  ! 1 502 023 1 (981,288)I $21 535 i 96 I TOTAL SALARIES H D WASES I 38,,813,,820 l 01 38,813,,820 1 Page 355 O i l

l

NORTiiEAST NUCLEAR ENERBY COMPANY An Original Dec. 31, 1987 EWIROVEhiAL PROTECTION FACILITIES

1. For purp:ses of this response, environmental protection (3) Monitoririg equips 2nt f acilities shall be defined as any building, structure, egulpeent, (4) Otner, &

or te;revesent designed and constructed solely for con- B. dater pollutlan contrei f acilitiest W ftrol,re acility}uction, prevention or abatesent of discharges or releases (1) Cooling toutrs, r,onds piping, pumps, etc.

(2) Waste unter trea:eent, equipment into heat,the environment scise er for the of gaseous, control, liquid,prevention, reduction or solid substances,te-er aba (3) Sanitary utste disposal equipment sentofanyotheradverseispactofanacIivityontheenviron- (4) Oil interceptors sent. (5) Sediment control facilities

2. Report tte differences in cost of f acilities installed for en- (6) Monitoring equipment vironsental considerations over the cost of alternative f acilities (7) Other.

which would ctheruise be used s'thout environmental cen-C. Solid matte dispcsal costs sideraticas. Use the best engineering design achievable without (1) Ash handling and disposal equiptent envirenarntal restricticns as the basis for deteretning costs (2) Land eithout enviroceental considerations. It is net intended that (3) Settling ponds special design studies he sade for purposes of this response. (4) Other.

Base the response on the best engineertrg judgesent where D. Noise abatesent equipmenti direct cesparisons are not available. (1) Structures Include in these differences in costs the costs or estinated (2) Mufflers constructed (3) Sound proofing equipeent or nodified costs ofin environmental connection eith the prcduction, protection transsissf acilities and in service, ion,in for all (4) Monitoring equipeent distribution of electrical energy and shall be reported here (5) Other such envirennental f acilities placed in service on er af ter E. Esthetic costs:

January 1,1969, so long as it is readily determinable that such (1) Architectural costs f acilities mere constructed or modified for environsental rather (2) Touers than c;erational purposes. Also report sisilar expenditures for (3) Undergrcund lines envirennental plant tecluded in construction merk in progress. (4) Landscaping Estimate the test cf f acilities when the criginal cost is not (5) Other, available er f acilities are jcintl omned with another utility, pro- F. Additional plant capacity necessary due to restricted vided the respondent esplains the fasis of such estiaations. output free existing f acilities, or addition of pellution Examples of these costs would include a portien of the control facilities, ccsts of tall sa:kestacks, underground lines, and landscaped 6. Mittellanteusi substatiens. Explain such costs in a foetnote. (1) Preparation of environmental reports

3. In the t:st of f acilities reported on this page, include an (2) Fish and wildlife plants included in Accounts 330, estinated pertien cf the test of plant that is or vill be used to 331 332 and 335 provide peser to c;trate ass:ciated environsental protection (3)ParIsandrelatedfacilities f acilities. Explain such estinations in a footnote. (4) Other.

4, Report all costs under the majer classifications provided 5. In these instances uhen cents are cespesites of both actual belce and include, as a siniega, the itees listed hereunder: in coluen A. Air p:llutten f acilities: suppertable (gl the actualcosts costsand that estinates are included of tests, specify(fl.

in coluss t!) Scrutters, tre:ititeters, till is:hettacks, etc. 6. Report construction :rk in prcgress relating to envircn-(2) Changes ne:essary to acccatedate use of environ- sental f acilities at line 9.

eentally clean fuels such as les ash or les sulfur feels including storage and handling equiptent.

Line Balanceat CHAhSES CURik6 IEAR 141ance at End Actual h:. Classification of C:st Additions Rettrteents Adjusteents of Year Cost (al leginning)cf (n Year (c) (d) (e) (f) (g) 1 Air Pellutien Centrol Facilities 221,760 753 222,513 7 191 2 hater Pollutica Centrol Facilities 1,056,289 1,056,289 180,503 3 Solid haste Dispeial Cests 355 15,050 15 405 15,,405 4 N:tse Atattarnt Equipsent 70,498 70',493 5 Esthetic Costs 32,301 32'301 7'301 6 Additional Plant Capacity 7 liscellane:us (Identify significant) 1 183 300 1 183 81 8 TOTAL (Tetal cf lirsi l thru 71 2,,564,282485 16 103 2,,580,582 292'766 166 9 Construction W:rk in Pre;ress 6,023,018

, tillll! IIIIIII IIllitt 6,023,,538 329 6,023,329 Pa;e430 0

NORTHEAST WUCLEAR ENER61 COMPAWl Aa Original Dec. 31, 1987 ENVIR0hMENTAL PROTECTION EIPENSES m ... .............................. ...................................... ............. ...

L) 1. Shou belos expenses incurred in connection with the use of environeental protect-ion f acilities the cost of which are reported on page 428. Where it is necessary that state the basis or setu d used.

allocations

2. Include belowand/ortheestientes of costs costs incurred bet made$e operation of environeental protection due to and prograss.

equineent, f acilities,

3. Report expenses un der the subheadings listed below.

4. Under ites 6 report the diff erence in cost between environmentally clean fuels and the alternative fuels that would otherwise be used and are available ter use.

5. Under ites 7 include the test of replacement power, purchased or generated, to cceaensate for the deficiency in output free existing plants due to the addition of or polfutioncontrolequipeent}useofalternateenvironmentallycreferablefuels,tpower environmental regulations o governmental bodies. Basethepriceofreplacemen purchased on the average systes price of purchased power if the actual cost of such replatesent pcuer is not known. Price internally generated replacesent power at the systee average cost of power generated if the actual cost of specific replacesent generation is not known.

6. Under ites 8 include ad valores and other taxes assessed directly on or directly relatable to environmental facilities. Also include under ites 8 licensing and slettar fees on such f acilities.

7. In those instances shere expenses are composed of both actual supportable data and estiaates of costs, specify in coluan (c) the actual expenses that are included in coluen (b).

Line Classification of Espense Aeount s Actual Expenses No. (a) (b) (c) 1 De reciation $124ft Materials, and Supplies Cost 2

3 Lder Maintenance,Facill'.ies and Prograes RelatedtoEnv. 1,541,0E 4 Fuel Related Costs dc 5 6

Ooeration of Facilities Fly Ash and Sulfur Slidge Resoval 7 Dif ference in Cost of Envirennentally Clean 8 Fuels 9 Reclacteent Pouer Costs 10 Taxes and Feet 11,678 11 AdminstrativeandGeneral E 191 12 Other (identify significant) 13 14 TOTAL 1,744,044 593833238583335 a All aaounts thesn in coluen (b) are actual expenses.

Page431 O

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INDEX Schedule _Pa_ge No.

Accrued and prepaid taxes 262 263 Accumulated Deferred income Taxes 234 272 277 Accumulated provisions for depreciation of common utility plant . 356 utility plant 219 utility plant (summary) 200 20' Advances from associated companies . 256 257 Amortization miscellaneous . 340 of nuclear fue! 202 203 Application of Funds for the year, Source and . 120-121 Appropriations of Retained Earnings . 118 119 Associated Companies advances from 256-257 corporations controlled by respondent 103 control over respondent . 102 interest on debt to 256-257 Attestation 1 Balance sheet comparative 110-113 notes to . 122 123 Bonds. 256 257 Capital Stock 251 discount . 254 expense. 254 installments recewed 252 premiums 252 reacquired . 251 subscribed 252 Changes important during year . 108 109 Construction overheads, electric . 217 overhead procedures, general description of . 218 work in progress - common utitty plant . 356 work in progress - electric . 216 work in progress - other utilitt departmer's 200 201 Control corporations controlled by respondent 103 over respondent 102 security holders and veting powers. 106 107 Corporation controlled by . 103 incorporated 101 CPA. background information on . 101 CPA Certification, this report form. ln O

FERC FORM NO.1 (ED.12 86) Index 1

INDEX (Continued)

Schedule . Page No; Deferred credits, other. . .. . .. . - . . 269- l debts, miscellaneous . s .. .. . . 233 income taxes accumulated - accelerated amortiration propedy . . . . . . . . .. , , 272 273 income taxes accumulated - other property. . . . 274-275 income taxes accumulated - other ,, . .. .. ... . 276 277 income taxes accumulated - pollution control facilities . . . . . . . -234 Definitions, this report form . , . . ... .

lii Depreciation and amortization of common utility plant. . . .. . . . . 356 of electric plar't. . . 219 336-338 Directors . . 105 Discount on capital stock . . . . 254 Discount - premium on long-term debt . . . . 256 257 Distribution of salaries and wages. 354 355 ,

Dividend appropriations . 118 119 Earnings, Retained . - . . 118 119 Electric energy account 401 Environmental protection expenses. 431 facilities . , . . 430 Expenses electric operation and maintenance 320-323 electric operation and maintenance, summary. 323 O unamortized debt Extraordinary property losses. . .

256 230 Filing requirements, this report form . . . i-ii Funds application of . . 120 121 sources of . . . . 120-121 ,

General description of construction overhead procedure. .. 218  !

General information . 101 l General instructions , . i vi

. Generating plant statistics hydroelectric (large) 406-407 pumped storage (large) . 408-409 small plants. . . 410-411 steam electric (large) 402 403 i Hydro-electric generating plant statistics. . .- 406-407 Identification . 101 important changes during year . . 108 109 Income statement of, by departments . 114 117 statement of, for the year (see also revenues). . 114 117 j deductions, interest on debt to associated companies . . 340 j deductions, miscellaneous amortization . . 340 deductions, other income deduction . 340 deductions, other interest charges . . . 340 l Incorporation information . 101 Installments received on capital stock. . . . . 252 Interchange power .. . . . . 328 329 l

[ FERC FORM NO.1 (ED.12 86) Index 2 l

l t ,

INDEX (Continued)

Schedule Page No.

interest O

charges, on debt to associated companies 340 charges, other 340 charges, paid on long term debt, advances, etc. 256-257 investments nonut,lity property. 221 subsidiary companies. 224 225 Investment tax credits, accumulated deferred 266-267 Law, excerpts applicable to this report form . iii iv List of schedules, this report form . 24 Long term debt 256-257 Losses - Extraordinary property 230 Materials and supplies 227 Meters and line transformers . 429 Miscellaneous general expenses . 335 Notes to balance sheet. 122-123 to statement of changes in financial position . 122 123 to statement of income 122 123 to statement of retained earnings . 122-123 Nonutility property - 221 Nuclear fuel materials. 202 203 Nuclear generating plant, statistics 402 403 Number of Electric Department Employees 323 Officers and othcers' salaries. 104 Operating expenses - electric. 320-323 expenses - electric (summary) 323 Other paid in capital 253 donationis received from stockholders. 253 gains on resale or cancellation of reacquired capital stock 253 miscellaneous paid in capital . 253 reduction in par or stated value of capital stock 253 Overhead, construction - electric. 217 Peaks, monthly, and output - 401 Plant, Common utility j accumulated provision for depreciation 356 '

acquisition adjustments 356 allocated to utihty departments 356 completed construction not classified . 356 j construction work in progress 356 i expenses. . 356 l held for future use 356 i in service 356 leased to others 356 Plant data 217 218 336-338 401 429 9

FERC FORM NO.1 (ED.12 87) Index 3

. INDEX (Continued)

Schedu!e Page No.

O Plant - electric accumulated provision for depreciation . . .. . . 219 construction work in progress . . ,. . . . . . .. .. . . . .. 216 held for future use . . .. . .. . . 214 in service .. . . . . 204 207 leased to others . .... .. . . .. 213 Plant - utility and accumulated provisions for depreciation  ;

amortization and depletion (summary) ... .. . ... . . 201 Pollution control facilities, accumulated deferred .

income taxes . . .. , . . 234 Premium and discount on long-term debt . .. . . . 256 Premium on capital stock . .. . . . . . . . .. 251 Prepaid taxes . .. 262-263 Property - losses, extraord; nary. . . . 230 Pumped storage generating plant statistics .

408-409 Purchased power . . . 326-327 Reacquired capital stock .

'250 Reacquired long-term debt. . . . . 256 257 Receivers' certificates . . . 256-257 Reconciliation of reported net income with taxable income from Federal income taxes . 261 Regulatory commission expenses deferred. . 233 Regulatory commission expenses for year . . 350-351 Researen development and demonstration activ; ties . 352 353 Retained Earnings amortization reserve Federal . 119 O

appropriated 118 119 ,

statement of, for the year . 118 119 unappropriated 118-119 Revenues - electric operating . .. . 300-301 Salaries and wages directors fees . . 105 distribution of . 354 355 officers' .. 104 Sales of electricity by rate schedules . . . . .. . 304 Sales - for resale . .. .. .. . . 310 311 Salvage - nuclear fuel . . 202 203 Schedules, this report form . . . 2-4 Securities exchange registration . .. 250-251 holders and voting powers. . . . . . 106 107 Sources of funds. . . . 120-121 Statement of changes in financial position . .. 120-121 Statement of income for the year . . 114-117 Statement of retained earnings for the year . 118-119 Steam-electric generating plant statistics . 402-403 Stock liability for conversion. . . 252 Substations . . . . 426 Supplies - materials and . 227 p

, O FERC FORM NO.1 (ED.12 87) Index 4 i

i

INDEX (Continued)

Page No.

Taxes accrued and prepaid 262 263 charged during year. 262 263 l on income, deferred and accumulated . 234 272 277 reconciliation of net income with taxable income for. 261 Transformers, line - electric . 429 Transmission j lines added during year 424 425 lines statistics . 422 423 of electric for or by others . 332 Unamontzed debt discount 255257 l debt expense 256-257 256 257

)

premium on debt I Unrecovered Plant and Regulatory Study Costs 230 O

O FERC FORM NO.1 (ED.12 87) Index 5