ML20245L131

Forwards FERC Form 1:Annual Rept of Major Electric Utils, Licensees & Others for 1988,per 10CFR50.71(b)

ML20245L131
Person / Time
Site:	Millstone
Issue date:	04/26/1989
From:	Pedone L NORTHEAST UTILITIES
To:	Office of Nuclear Reactor Regulation
References
NUDOCS 8905050289
Download: ML20245L131 (92)

Text

- - _ _ _ - - - _ _ - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ._

g- ,

MFHEAST UTILITIES fHf CO,d4ECTCUT LICd47 AND POWf A CCMPANV Con ,,i 0,ric . . seio n si,.1, B.,iin, Conn.ciico,

• "'"*""""C'*("'" P.O. BOX 270 g ' J d 'E' me.a

'uai,oct I waov cow.

.,,, H ARTFORD. CONNECTICUT 06141-0270 (203) 665-5000 April 26, 1989 RE: 10CFR50.71(b)

Director Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, D.C. 20555

Dear Sir:

In accordance with paragraph 50.71(b) of 10CFR, Part 50, enclosed is one copy of the 1988 Annual Financial Report of Northeast Nuclear Energy Company, license holder, certified by Arthur Andersen & Company, certified public accountants.

Please acknowledge receipt by returning the duplicate copy of this letter in the stamped, self-addressed envelope enclosed for your convenience.

Very truly you s,

" ~

-=

Leonard Pedone Supervisor, Accounting Research and Financial Reporting LP/jem/SRR122j Enclosure

/

C 890426 EUTNEUT 7 [l PNV sq

Form Approved OMB No.1902-0021 j (Expires 9/30/87) q PENT Oar . *

,e ,, [

l( "I

>\.

~. .

%p*% <wsw2,s FERC FORM NO.1:

ANNUAL REPORT OF MAJOR ELECTRIC UTILITIES, LICENSEES AND OTHERS This report is mandatory under the Federal Power Act, Sections 3,4(a),304 and 309, and 18 CFR141,1. Failure to report may result in criminal fines, civil penalties and other sanctx>ns as provided by law. The Federal Energy Regulatory Commission does not con-ider this report to be of a conhdential nature.

r l

l Exact Legal Name of Respondent (Company) Year of Report NORTHEAST NUCLEAR ENERGY COMPANY Dec.31,19 88 l

FERC FORM NO.1(REVISED 12-85)

Q

Form Approved --

l OMB No.1902-0021 (Expires 9/30/87)

(W),

o FERC FORM NOo 1:

ANNUAL REPORT OF MAJOR ELECTRIC UTILITIES, LICENSEES AND OTHERS This report is mandatory under the Federal Power Act, Sections 3,4(a),304 and 300, N Usdpr not consider this report to be of a conhdental nature.

byis7The F r Eno "'y tor m l

\

Excct Legal Name of Respondent (Company) Year of Report NORTHEAST NUCLEAR ENERGY COMPANY Dec.31,19 88 FERC FORM NO.1(REVISED 12-85)

_ . _ _ - - - _ _ - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - - - - _ - - - - _ _ - - - - _ - . - - - - - _ - - - - _ _ - - - - - - . 1

Form Approved OMB No.19024)21 (Expires 9/30/87)

(+,ceminrq,e)

"s u o *'

FERC FORM NO.1:

ANNUAL REPORT OF MAJOR ELECTRIC UTILITIES, LICENSEES AND OTHERS This report is mandatory under the Federal Power Act, Sections 3,4(a) 304 and 309, and 18 CFR141.1. Failure to report may te suit in criminal fines, civil penalties and other sanctions as provided by law. The Fed 6tal Energy Regulatory Commission does not consider this report to be of .3 confidential nature.

Exact Legal Name of Respondent (Company) Year of Report NORTHEAST NbCLEAR ENERGY COMPANY Dec.31,19 88 FERC FORM NO,1(REVISED 12-85)

/

AnTHun ANDEnSEN & CO, ll A RTFO H D, CON N T:CTICUT

/

REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS To Northeast Nuclear Energy Company:

In connection with our audit of the consolidated financial state-ments of Northeast Utilities (a Massachusetts trust) and subsidiaries (the Company) for the year ended December 31, 1988, on which we have reported separately under date of February 24, 1989, we also audited the schedules for Northeast Nuclear Energy Company on pages 110 through 123D of the Federal Energy Regulatory Commission Form 1 for that year.

Reference is made to our report dated February 24, 1989, that includes

• an explanatory paragraph that describes the uncertainty with respect to '

the recoverability of costo associated with the Seabrook nuclear project discussed in Note 7 to the Company's financial statements. Our audit was made in accordance with generally accepted auditing standards. It should be noted, however, that our audit was not made for the purpose of determining whether each transaction has been recorded in accordance with the Uniform System of Accounts and published accounting releases.

In our opinion, the schedules referred to above conform, in all material respects, with the accounting requirements of the Federal Etergy Regulatory Commission as set forth in its applicable Uniform Syotem of Accounts and published accounting releases.

This report is intended solely for the information and use of Northeast Nuclear Energy Company and the Federal Energy Regulatory Consission. This restriction is not intended to limit the distribution of this report which, upon receipt by the Federal Energy Regulatory Commission, is a matter of public record.

ARTHUR ANDERSEN & CO.

February 24, 1989

INSTRUCTIONS FOR FILING THE FERC FORM NO.1

~

GEN c'.AL INFORMATION l

] _,

1. Purposo This form is a regulatory support requirement (18 CFR 141.1). It is designed to collect financial and operational information from major electric utilities, licensees and others subject to the jurisdiction of the Federal Energy Regulatory Commission. This report is also secondarily considered to be a non-confidential public use fctm supporting a statistical publication (Financial Statistics of Selected Electric Utilities), published by the Energy Information Administration.

l ll. Who Must Submit Each Major public utility, licensee, or other, as classified in the Commission's Uniform System of Ac-counts Prescribed for Public Utilities and Lir ensees Subject To the Provisions of The Federal Power Act (18 CFR 101) must submit this form.

Note: Major means having, in each of the three previous calendar years, sales or transmission service that exceeds one of the following:

l t (1) One million megawatt hours of total annual sales.

(2) 100 megawatt hours of annual sales for resale, (3) 500 megawatt hours of annual gross interci.ange out,

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

Ill. What and Where to Submit

/ (a) Submit an original and six (6) copies of this form to:

U.S. Department of Energy 3 Energy Information Administration El 541 Mail Station: BG 094 Forrestal Building Washington, D.C.

Retain one copy of this report for your files.

(b) Submit immediately upon publication, four (4) copies of the latest annual report tc stockholders and any annual financial or statistical report regularly prepared and distributed to bondholders, secur-ity analysts, or industry associations. (Do not include monthly and quarterly reports, if reports to stockholders are not prepared, enter "NA" in column (d) on Page 4, List of Schedules.) Mail these reports to:

Chief Accountant i Federal Energy Regulatory Commission 825 N Chpitol St., N.E.

Room 601-RB Washington, D.C. 20426 (c) For the CPA certification, sut,' nit with the original submission, or within 30 days after the filing date for this form, a letter or report:

(i) Attesting to the conformity, in all material aspects, of the below listed (schedules and) pages with the Commission's applicable Uniform Systems of Accounts (including applicable notes relating thereto and the chief accountant's published accounting releases), and (ii) Signed by independent certified public accountants or an independent licensed public accoun-tant, certified or licensed by a regulatory authority of a State or other political subdivision of the U.S. (See 18 CFR 41.10-41.12 for specific qualifications.)

Reference Schedules Pages Comparative Balance Sheet 110 113 Statement of Income 114 117 Statement of Retained Earnings 118 119 Statement of Cash Flows 120-121 Notes to Financial Statements 122 123 When accompanying this form, insert the letter or report immediately following the cover sheet.

FERC FORM NO.1 (ED.12 88) Page i 1

GENERAL INFORMATION (Continued) l lil. What and Where to Submit (Continued)

(c) Continued Use the following form for the letter or report unless unusual circumstances or conditions, explained j in the letter or report, demand that it be varied. Insert parenthetical phrases only when exceptions are reported.

In connection with our regular examination of the financial statement of for the year ended on which we have reported separately under date of we have also revealed schedules of FERC Form No.1 for the year filed with the Federal Energy Regulatory Commission, for conformity in all material respects with the requirements of the Federal Energy Regulatory Commission as set forth in its ap-plicable Uniform System of Accounts and published accounting releases, our review for this purpose included such tests of the accounting records and such other auditing

, procedures as we considered necessary in the circumstances.

Based on our review, in our opinion the accompanying schedules identified in the preceding paragraph (except as noted below) conform in all material respects with the

! accounting requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published accounting releases.

State in the letter or report, which, if any, of the pages above do not conform to the Commission's requirements. Describe the discrepancies that exist.

(d) Federal, State and Loc 3I Governments and other authorized users may obtain additional blank copes to meet their requirements free of charge from:

U.S. Department of Enegv National Energy Information Center l Energy information Administration

~

Washington, D.C. 20585 (202) 586-8800 IV. When to Submit:

Submit this report form on or before April 30th of the year following the year covered by this report.

GENERAL INSTRUCTIONS I. Prepare this report in conformity with the Uniform System of Accounts (18 CFR 101)(U.S. of A.), interpret all accounting words and phrases in accordance with the U.S. of A.

11. Enter in whole numbers (dollars or MWH) only, except where otherwise noted. (Enter cents for averages and figures per unit where cents are important. The truncating of cents is allowed except on the four basic  ;

financial statements where rounding is required.) The amounts shown on all supporting pages must agree with the amounts entered on the statements that they support. When applying thresholds to determine significance for reporting purposes, use for balance sheet accounts the balances at the end of the current reporting year, and use for statement of income income accounts the current years amounts.

6 111. Complete each quM. 4 'n fully and accurately, even if it has been answered in a previous annual report.

Enter the word "None where it truly and completely states the fact.

, IV. For any page(s) that is not applicable to the respondent, either (a) Enter the words "Not Applicable" on the particular page(s), or (b) Omit the page(s) and enter "NA," "NONE," or "Not Applicable" in column (d) on the List of Schedules, pages 2,3, and 4.

V. Complete this report by means which result in a permanent record. Complete the original copy in perma-nent black ink or typewriter print, if practical. The copies, however, may be carbon copies or other similar means of reproduction provided the impressions are clear and readable.

i FERC FORM NO.1 (ED.12 88) Pageli

GENERAL INSTRUCTIONS (Continued)

VI. Enter the month, day, and year for all dates. Use customary abbreviations. The "Date of Report" at the top of each page is applicable only to resubmissions (see Vill. below).

Vll. Indicate negative amounts (such as decreases) by enclosing the figures in parentheses. ( ).

Vill. When making revisions, resubmit only those pages that have been changed from the original submission.

Submit the same number of copies as required for filing the form. Include with the resubmission the Iden-tification and Attestation page, page 1. Mail dated resubmissions to:

?

Chief Accountant Federal Energy Regulatory Commission 1

825 North Capitol Street, N.E.

i Room 601-PB Washington, D.C. 20426 IX. Provide a supplemental statement further explaining accounts or pages as necessary. Attach the sup-j plemental statement (8% by 11 inch size) to the page being supplemented. Provide the appropriate iden-tification information, including the title (s) of the page and the page number supplemented.

I i

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

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

the different figures Wre used.

,, Xil. Respondents may submit computer printed schedules (reduced to 8% by 11)instead of the preprinted  :

schedules if they are in substar,tially the same format.

DEFINITIONS I. Commission Authorization (Comm. Auth.)-The authorization of the Federal Energy Regulatory Commis-sion, or any other Commission. Name the ommission whose authorization was obtained and give date of the authorization.

II. Respondent-The person, corporation, licensee, agency, authority, or other legal entity or instrumentality in whose3 half the report is made.

EXCERPTS FROM THE LAW Federal Power Act,16 U.S.C. 791a-825r)

"Sec. 3. The words defined in this section shall have the following meanings for purposes of this Act, to wit:

.(3) ' corporation' means any corporation, joint stock company, partnership, association, business trust, crganized group of persons, whether incorporated or not, or a receiver or receivers, trustee or trustees of any of the foregoing, it shall not include ' municipalities' as hereinafter defined; (4) ' person' means an individual or a corporation; (5) ' licensee' means any person, State, or municipality licensed under the provisions of section 4 of this Act, and any assignee or successor in interest thereof; (7) ' municipality' means a city, county, irrigation district, drainage district, or other political subdivision or agency of a State competent under the laws thereof to carry on the business of developing, transmitting, utiliz-ing, or distributing power;.

(11) ' project' means a complete unit of improvement or development, consisting of a power house, all water conduits, all dams and appurtenant works and structures (including navigation structures) which are a part of said unit, and all storage, diverting, a forebay reservoirs directly connected therewith, the primary line or lines transmitting power therefrom to the point of junction with the distribution system or with the interconnected primary transmission system, all miscellaneous structures used and useful in connection with said unit as any part thereof, and all water rights, rights-of way, ditches, dams, reservoiors, lands, or interest in lands the use and occupancy of which are necessary or appropriate in the maintenance and operation of such unit; FERC FORM NO.1 (ED.12 68) Page iii

EXCERPTS FROM THE t AW (Continued)

"Sec. 4. The Commission is hereby authorized and empowered-(a) To make investigations and to collect and record data concerning the utilization of the water resources of any region to be developed, the water-power industry and its relation to other industries and to interstate or freign commerce, and concerning the location, capacity, development costs, and relation to markets of power sites, .to the extent the Commission may deem necessary or useful for the purposes of this Act."

"Sec. 304. (a) Every licensee and every public utility shall file with the Commission such annual and other periodic or special reports as the Commission may be rules and regulations or other prescribe as necessary or appropriate to assist the Commission in the proper administration of this Act. The Commission may prescribe the manner end form in which such reports shall be made, and require from such persons specific answers to all questions upon which the Commission may need information. The Commission may require that such reports shalli include, among other things, full information as to assets and liabilities, capitalization, net investment, and reduction thereof, grnss receipts, interest due and paid, depreciation, and other reserves, cost of project and other facilities, cost of maintenance and operation of the project and other facihties, cost of renewals and replacement of the project works and other facilities, depreciation, generation, transmission, distribution, delivery, use, and sale of electric energy. The Commission may require any such person to make adequate provision for currently determining such costs and other facts. Such reports shall be made under oath unless the Commission otherwise specifies."

"Sec. 309. The Commission shall have power to perform any and all acts, and to presenbe, issue, make, amend, and rescind such orders, rules and regulations as it may find necessary or appropriate to carry out the provisions of this Act. Among other things, such rules and regulations r'1ay define accounting, technical, and trade terms used in this Act; and may prescribe the form or forms of all statements, declarations, applications, and reports to be filed with the Commission, the information which they shall contain, and the time within which they shall be filed.

GENERAL PENALTIES "Sec. 315. (a) Any licensee or public utility which willfully fails, within the time prescribed by the Commission, to comply with any order of the Commission, to file any report required under this Act or any rule or regulation of the Commission thereunder, to submit any information or document required by the Commission in the course of an investigation conducted under this Act, . shall forfeit to the United States an amount not exceeding $1,000 to be fixed by the Commission after notice and opportunity for hearing.

i l  !

l FERC FORM NO.1 (ED.12 88) Page iv I

FERC FORN NO 1:

AhNUAL REPORT OF NAJOR ELECTRIC UTILITIES, LICENSEES AND OTHERS I IDENTIFICATION

(...................................................................................................

l OfExactlegalNameofRespondent

...................ll 02 Year of Report l I

l NORTHEAST NUCLEAR ENERGY CONPANV Dec. 31 1988 1 ............................................... ........................................................,........ ....... j,1 l 03 Previous Name and Date of Change (if name changed during year) l l l

....................................................................................................................;l l 06 Address of Principal Business Office at End of Year (Street, City, State, Zip Code) l l Seiden. Street, Berlin, Connecticut 06037-0218 l Nailin l...........gAddress: P.O. Box 270, Hartford, Connecticut 06161 0270 l l ...........................................................................................................l 1 05 Nase of Contact Person 06 Title of Contact Person l l Vice President and l .........ge Geor D. Uhl Controller l

l 07AddressofContactFerson(Street City State,ZipCode)

[ 100CorporatePlace,RockyHill,donnect'icut 06067-1823 l Mailin P. O. Box 270, Hartford, Connecticut 06161 0270

\ l...........gAddress: ........................ ...... ...................................... ......................... ...........

08 Telephone of Contact Person, Including 09 This Report is 10 Date of Report AreaCode (No,Da,yr)

(203)7212313 (1)[X]AnOriginal(2)[] Resubmission

\ ............................... .............................................................................. ........

I ATTESTATION l ........... ................. ......... ........... ................. .. .... .............. ... ................

l thattothebestofhis/her I The undersigned knowledget information officer certifies and belief, that he/she all statements of facthas exasined contained in hethe accompan ing report; ing report are true and accespany accompanying report is a correct statement of the business and affairs of the above named respondent in respect I to each and every satter set forth therin during the period from and including January I to and including l December 31 of the year of the report.

.............y l 01 Nase l03 Signature 06 Cate Signed (No,Os,Yr) l George D. Uhl 1 .......................... ............... 1 ,

' 02 Title I i l April 14, 1989 l Vice President and Controller ll ........... ..................................... .. .

\

l Title 18, U.S.C. 1001, makes it a crime for any person knowingly and will ngly to sake to any Agency or Department I oftheUndedStatesanyfalse,fictitiousorfraudulentstatementsastoanymatterwithinitsf.

jurisdiction.

Nams of R:spondInt This Rrport is: Date of R port Year of Rrport NORTHEAST NUCLEAR (1) @ An Original Wo, Da, M

! ENERGY COMPANY Dec. 31,19 88 (2) D A Resubmission LIST OF SCHEDULES (Electric Utility)

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

plicable," or "NA," as appropriate, where no infor. "not applicable," or "NA."

mation or amounts have been reported for certain e c e Title of Schedule p ed Remarks

• (a) (b) (c) (ct) i

GENERAL CORPORATE INFORMATION AND FINANCIAL STATEMENTS General Information . . . . . . 101 Ed.12-87 i Control Over Respondent . . .. . . 102 Ed.12-87 i Corporations Controlled by Respondent . .. 103 Ed.12-87 NONE Officers. . .. . . . . .. . 104 Ed.12-87 Directors . . . .. ... . . . 105 Ed.12-87

Security Holders and Voting Powers . . . 106-107 Ed.12-87 Page 107 -NONE Important Changes During the Year . . 108 109 Ed.12-88 Comparative Balance Sheet . . . . . 110-113 Ed.12-88 Statement of income for the Year . . 114-117 Ed.12-88 Page 116 -NOME Statement of Retained Earnings for the Year . . . . . 118 119 Ed.12-88 i Statement of Cash Flows .. . . . 120-121 Rev.12 88 4 Notes to Financial Statements . . .. .. 122-123 Ed.12-88 Page 123 -NONE BALANCE SHEET SUPPORTING SCHEDULES (Assets and Other

. Debts)

Summary of Utility Plant and Accumulated Provisions for Depreciation, Amortization, and Depletion . 200-201 Ed.12 88 Page 201 -NONE Nuclear Fuel Materials . . . . 202-203 Ed.12-88 Electric Plant in Service . 204 207 Ed.12-88 Electric Plant Leased to Others . . . . 213 Ed.12-85 NOME Electric Plant Held for Future Use . . 214 Ed.12 87 NONE Construction Work in Progress-Electric. . . 216 Ed.12 85 Construction Overheads-Electric , 217 Ed.12-87 General Description of Construction Overhead Procedure. 218 Ed.12-87 Accumulated Provision for Depreciation of Electric Utility Plant 219 Ed.12-88 Nonutility Property. . . , . . 221 Ed.12 85 NONE Investment in Subsidiary Companies . . 224 225 Ed.12 86 NONE Materials and Supply 227 Ed.12-88 Extraordinary Property Losses . . 230 Ed.12-85 NONE Unre: overed Plant and Regulatory Study Costs. 230 Ed.12-85 NONE Miscellaneous Deferred Debits. . . 233 Ed.12-87 Accumulated Deferred income Taxes (Account 190) . 234 Ed.12-85 MONE BALANCE SHEET SUPPORTING SCHEDULES (Liabilities and

? Other Credits)

Capital Stock . . . .. 250-251 Ed.12-88 Capital Stock Subscribed, Capital Stock Liability for Conversion, l Premium on Capital Stock, 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 Capital Stock Expenses .. . 254 Ed.12-86 NONE Long-Term Debt . . . 256-257 Ed.12-86 i

FERC FORM NO.1 (ED.12-88) Page 2

Name of Respondent This Report Is- Date of Fdoort Year of Report I NORTHEAST NUCLEAR (1) 5 An Original (Mo, Da, Yrj NE W CO N (2) O A Resubmission Dec. 31.1933 LIST OF SCHEDULES (Electric Utility)(Continued)

Title of Schedule ee e.

Rev ed a4 (a) (b) (c) (d)

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

Ftderal I.1come Taxes .. . . ... .. . .. . . . 261. Ed.12 87 Taxes Accrued, Prepaid and Charged During Year . . . .. 262-263 Ed.12-88 i Reconciliation of Reported Net Income with Taxable income for

- Accumulated Deferred Investment Tax Credits . . . . 266-267 Ed.12 80 Other Deferred Credits .. ... ... , ........ .. , .. 269 Ed.' 12-86 Accumulated Deferred income Taxes-Accelerated Amortization Property , . . . . . . . . . . . , ..... . ... .... . 2/2-273 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 [CCOUNT SUPPORTING SCHEDULES El:ctric Operating Re enues . . ,. . .. . . .. 300-301 Ed.12-88 Salss of Electricity by late Schedules ... . ... 304 NONE Silts for Resale '. . . . .. . . . . 310-311 Ed.12 87 NONE El:ctric Operation and Mintenance Expenses. .. . 320-323 12 88' Number of Electric Deparinent Employees .. . , . . 323 Purchased Power . . . . . .. . . . .. . 326-327 Ed.12-88 NONE Interchange Power . , . ... . . .. . 328 329 Ed.12-88 NONE Transmission of Electricity for or by Others . . 332 Ed.12-87 NONE.

Miscellaneous General Expenses-Electric. 335 Ed.12-86 Depreciation and Amortization of Electric Plant . . . , 336-338 Ed.12 88 Page 338 - NONE Particu!ars Concerning Certain income Deduction and Interest Charges Accounts . . . . ..... . .. 340 Ed.12-86 COMMON SECTION Rigulatory Commission Expenses. . . . . . . 350-351 Ed.12-87 Research, Development and Demonstration Activities . 352-353 Ed.12-87 Distribution of Salaries and Wages . . , 354 355 Ed.12 87 Common Utility Plant and Expenses . . .. 356 Ed.12 87 NONE ELECTRIC PLANT STATISTICAL DATA Elsetric Energy Account .. . . . , . 401 Ed.12-88 NONE Monthly Peaks and Output . . . . . . . .. 401 Ed.12-88 NOME .

Stram-Electric Generating Plant Statistics (Large Plants) , 402 403 Ed.12 88 NONE .l '

] Hydroelectric Generating Plant Statistics (Large Plants) . 406-407 Ed.12 88 NONE Pumped Storage Generating Plant Statistics (Large Plants) . 408-409 NONE Generating Plant Statistics (Small Plants) . . .. 410-411 Ed.12-86 NONE FERC FORM NO.1 (ED.12-88) Page 3

l Narn) of Mspond nt This Rrport Is: Dats of R: port Ycar of R: port NORTilE'.ST NUCLEAR (1) 0 An Original Wo,Da,Yr)

F.NERN COWAW Dec. 31,19 88 (2) O A Resubmission LIST OF SCHEDULES (Electric Utility)(Continued)

Title of Schedule

• *[' ' Re ed Remarks (a) (b) (c) (d)

ELECTRIC PLANT STATISTICAL DATA (Continued)

Transmission Line Statistics . . 422-423 Ed.12-87 NONE Transmission Lines Added During Year . . . . 424 425 Ed.12-86 NONE 1 Substations . . .. . 426-427 Ed.12-86 NONE Electric Distribution Meters and Line Transformers ,, 429 Ed.12 88 NONE Environmental Protection Facilities . . 430 Ed.12-88 Environmental Protection Expenses. .. 431 Ed.12-88 Footnote Date . . . . . . 450 Ed.12-87 NONE Stockholders' Reports . .

- NONE t

i i

4 FERC FORM NO.1 (ED.12 88) Page 4

N0tiHIAS? H CtIAR INERGY CCNPANT AnOriginal te:. 31,19H GEN! rat INFORMATION

1. Previde nine and title of officer having custed c! the general crporate b:cks Of a:: cunt and address cf c!ft:e where the general where the corprate general ecrporate booksboc are kep'i,s are kept.and address of of ice where any other corpcrate becks of a:::unt are kept, !

VicePresidentandC;ntroller Ge:rge D Uhl, Place, 10:17 Hill, Connecticut 4

100 Corporate 060671523 i CallingAddress:P.C. Box 270, Hartford, Connecticut 06141-0270 2.ProvidethenazeoftheStateunderthelawscfwhichrespondentisin:;ry ated,anddateOf'n::rpratien. Ifin:rp:ated under a spe:lal law, give referen:e te su:h lat Ifnotin:crporated, state at f a:t and give the type f crgul:stien ud the date organt:ed Ine:rporatedunderthelawsoftheStateofConne:ti:utenH0vester14,lHO. Granted auth0rity te exer:ise utilitypcwersby1961SpecialActNo.133,approvedJune6,1967IVeluseIIIIII,page141).

3.Ifatanytiseduringtheyearthepicpertycfresaendentwasheldbyare: elver:: trustee,;!ve(nina:ecfre: elver:: trustee, iblGatesu:hreceiverertrusteetochpossession,(c[theauthoritybywhichthere:eivership:rtrusteeshipwas:reated,ud (d) date when possession 17 receiver er trustee ceased.

Nonapplicable l

4,Statetheclassescfutilityandotherservi:esfurnishedbyresp:nder.:durin;theyearinea:hStateinwhl:ttheterper.dat operated.

The C:spany is an a*ent for the construction and Operatica of certain electric producti:n

-fa:llitiesintheSlateofCcane:ticut. '

J acuntant te audit

5. H3ve er ccuntant y uyour enga;ed asyear's previcus the prin:ipal certi a:fied finan:lal stal"esents?Ourfinan:ialstate:entsana:::untantwhcisnottheprincipala:-

(1)[jTIS ...!ater the date when such independent a:::untant was initially engaged: ,

-(2)[I]N3 l

l Page 101 l l

l m _ _ _ _ _ _ _ _ _ _ _ _ _ . _ _ _ _ _ _ _ _ _ _ _ _ . _ _ _ _ _ .__

30lfHIA3?HUCI,IAIINIRGyCOMPANT AnOrigiaal Dec.31,1988 CONTR01, OVER RISPOEINT

1. If any corporation, business trust or sisilar organization or coshinationofsuchorganizationsjoinllyheldcontroloverthe trustee wassainta(s)ined,andpurpose]fthetrast,naseofbenefic!aryorbe respondentatendofyear,statenameofcontrollingcorporation 2.IftheaboverequiredinforsationisavailablefrestheSIC ororganizatica,sannerinwhichcontrolwasheld,andextentof 101 Report fors filing a specific reference to the report fors control. It control was in a holding cospany organization, show (i.e.Yearandcospany, title)saybelistedprovidedthefiscal the chain of ownership or control to the sain parent company or years Ier both the 10 K report and this report are cospatible, organization.Ifcontrolwasheldbyatrustee(s),statecaseof Nase of controlling organization - N0rtheast Utilities, a voluntary association organized under the laws of i The Cossonwealth of Massachusetts inaholdingcospanyorganization,whichwhollyanddirectlyownstherespondentandisthesainparent Manner in which control was held Ownership of Cosson Stock i IItent of Control 1001 Page 102

F l l

4 i NORTHEAST HCLEAR INERGY COMPANT AnOriginal Dec. 31, 1988 OPIICERS 1 Report below the name title and salary for each executive anyposition,shownateandtotalrenunerationofthe officerwhosesalaryisf50,000arsore.An'executiveofficer'of incurbtnt and date the change in incusheney was sade, previo arespondentincludesitspresident secretary treasurer, and vice 3.Utilitieswhicharerequiredtofilethesamedatawiththe cresiaentinchargeofaprincipalbusinessunIt,divisionorfune- Securities and Exchange cessission say substitute a copy of adainistrationerfinance) ites4oflea tuted pagels[ulation 5 I (identifNd as this page).The su Men sen who(such f as sales,llar policisaking functions,, and any other per-sho.ld be the same si:e as this page.

..'..f..'.perorsssta."..'.".I!.5.88 I

'.'.!...".rj,ng thf,ff,ar },n thy,j,ncuapf,nt g,f

(

Line title NameofOfficer fo :l No. (a) lb) Salary (c)r fear 1.ChairsanandChieftrecutiveOfficer VilliasB.Illis f 2  ! President and Chief Operating and Financial Officer Bernard M. Icx l 3I ExecutiveVicePresident-EngineeringandOperations Jcha F. Opeka l 4 Senior Vice President Finance RchertE.Busch l I 5 Senior Vice President Corporate Planning and Regulatory Relations John P. Crnetta l l 6 Senior Vice President Nuclear Engineering and Operatica EdvardJ.firczka l 7l~ Senior Vice President Ad3inistrative Services tavrence H. Sha7 I l 0 'SeniorVicePresident,SecretaryandGeneralCounsel Valter f. Torrance l 9IVice President and Treasurer C. Thayer Brcwne (I)Jr. l l 10 !Vice President Husan Resources CarrollA.Caffrey l I

11 lVice President - Information Resources fed O. Dixon l 12 lVice President Corporate Performance Services and Organizational Centrol Albert J. Hajek ISeeInsertPage10(A 1 13 iVice President Public Affairs Francis L. Kinney l 14 lVice President Purchasing and Materials Management Keith R. Marvin l 15 l V ayne D. Rosberg i 16 lVicePresident-NuclearOperationsVicePresident-NuclearandEnvircaentalEngineering i

C. Prederick Sears 17IVicePresidentandController jlGeorgeD.Uhl ll(Onlyreportedin la lVice President Generation Engineering and Construction Itichard P. Verner l cflicial copies)

TheresaH.Allsep(2) l 10llAssistantSecretary 20 Assistant Secretary ICherylV.Grise l Rchert C. Arenson 1 21llAssistantTreascrer 22 Assistant Treasurer 1 23l Assistant Treasurer Arthur H. Hierl EugeneG.Vertefeui (3)llel 24  : l 29l l l 26 l 27 Ilectedeffective02 88, ll l 23 Electedeffective08 88. l l 20l Electedeffective01 89. I l 30 l l l 31 ; NOTES: l l 32 1:::::: l 33 iformer Vice President and Treasurer, Leonard A. O'Connor, resigned l l 34 l effective 02/01/88. l 35 l l l 36 'lforserAssistantSecretary,ElizabethV.Broose, resigned l l 37 l effective 08/19/88, l 1 38 l l l 39 i l l (0 l l l

u1' 42 1

l l Ul l 1 44 ,

l l U1 1 1

% l l 0l 1 I

(; 1 l l Ul l 50 l l l 51 - l 52 53, l  ! ll l

54 l l 55: 1 1 Page104

r s

10ti1EAS7 NUCLIAt IB!tGT COMPANT AnOriginal Dec.31,IM8 DillCTORS

1. Report hlow the information called for concerning each 2.Desi directoroftherescondentwhoheldofficeatanytiseduringthe asterisknate sesbers of the Executive Cossittee b a year. Include in cohan (a) abbreviated titles of the directors a double asterisk.

vboareofficersoftherespondent.

Nase (andTitle)ofDirector PrincipalBusinessAddress i (a) (b)

!Iobert C. Abair (1)- [1HBrushHillAvenue,WestSpringfield,NA' l ll l PhilipT.Ashton l SeldenStreet, Berlin,CT [-

l l 1 RobertI,Busch(SeniorVicePresident-Finance) 1.SeldenStreet, Berlin,CT l l J LJohn P. Cagnetta (Senior Vice President Corporate Planning l 1 1 and leguletory Relations) SeldenStreet, Berlin,CT l

-\ l l

VilliasB.Illis(ChairsanandChiefExecutiveOfficer) SeldenStreet, Berlin,CT l l

'l

BarnardM.for(PresidentandChiefOperatingandFinancialOfficer) 'IseldenStreet, Berlin,CT 'l l l l l Frank 1.'Locke (SeldenStreet, Berlin,CT- l l (

Edward J. Mroc2ka (Senior Vice President Nuclear Engineering l (.

andOperations) l  !

lSeldenStreet, Berlin,CT l lJohnI.Opeta(ItacutiveVicePresident-IngineeringandOperations) l SeldenStreet, Berlin,CT. l

\ \ l l Lawrence H. Shay (Senior Vice President - Administrative Services) l SeldenStreet, Berlin,CT l l I 1.WalterF.Torrance,Jr.(SeniorVicePresident,-SecretaryandGeneralCounsel}l SeldenStreet, Berlin,CT l l

l 6 l l

('llIlectedeffective 01/01/89.

l \

IMOTE:

- 1 :::::

lForserDirector,LeonI.Naglathlin,Jr.,resignedeffective 12/31/88.

J (I l

\

(l . .

l l l l'

.l l l I

\ l

\l l

l l) .

1 1

Page105 i

_ -w_---m---.-- - - - _ _ - _ - - - , - - _ _ _ - - - - - _ - _ _ - - - - - - - . - - - - - - - - - - _ - - - - - . _ . - - _ - . - - ,

! l

\ l N0RiHIAS7 NUCtIAt INItGy COMPANY AnOriginal Dec. 31, 1988 SI"URITY HOLDIRS AND V0 TING P0NIRS 1

1. Givethecasesandaddressesofthe10securityhelders giveotherimportantparticulars(details)concerningthe oftherespondentwho,atthedateofthelastestclosing ofthestockgookorcospilaticacflistofsto:tholders votingri"lorcentingent; are a:tua hts of such security.

if contingent, describe tneState whether vot of the respanoent, prior to the end of the year, had the highest voting powers in the respendent andstatethe contingency,

3. Ifanyc lass er issue of security has any special Euseer of vctes which each would have had the tioht to cast en that date if a seating were then in order. If any such privilec$e er in t detersinatien of corporate a: lion by ny sethod,ts holderheldintrust,giveinafootnotetheknwnparticulars explainbrieflyinafootnote, cf the trust whether voting trust, etc.), duration cf trust, 4. Turnish particulars (details) concerning an cptions and princical(holders of beneficiary interests }n the trust. Ifwarrants, or rights outstanding at the end of .td"e year fo,r thestockbookwasnotclosedoralistofstocibolderswasnot others to purchase securities cf the respende cr any cespiled within one year prior to tht end of the year, er if securities or other assets owned by the respdd'ent, includ! g since the pre icus ccupilation of a list cf stockholders sese prl:es, expiratica dates and cther saterial infersatien other class a security has bec se vested with votina rig, hts, relating to exercise of (he cpticas, warrants Or rights then shew su: 10securityholdersascfthecloseofthe Specifytheucuntofsuchseuritieserasselssoentitledte year. Arrange the nases of the security holders in the order bepurchasedbyanyOfficer, director,associatedecspany,or consencingwiththehighest. Showincolusa any of the ten largest security holders. This instruction is ofvotingpcwer,fofficersanddirectorsincludedinsu:blist the titles o (a)10securityholders, cf inapplicable te convertible securities er to substantial"allofwhicharecutstandingint anfe of hands e urities the

2. If any securi y othe than stock carries veting rights, generalpubilewheretheopticas, warrants,errightswere explain in a su issuedenaproratabasis whereby such se:pp esenta statesent the :1rcunstancesurity be:ase vested with voting rights and 1.Givedateofthelatestclosingcfthestok 2. State the total nusber of votes east at the 1 3. Give the date and bookpriortoendofyear,andstatethepurpose latestgeneralseetingpriortotheendofyear i place of such seating:

ofsuchclosing: forelectionofdirectorscftheres ausber of such votes cast by prcxy. pondent andMarch 18,1988 Docks do not close. Tetal: 1 500 SeldenStreet I Byproxy: 1,,500 Berlin,C:nnecticut [

l VCTING SICURITIES JNusherofvotesasof(date):De:esber 31,1988 l

l Nase (Title)andAddressofSecurityNolder l 1 Linel l Total C03:03 ll Preferred l No. I l Votes Stock Stock Other l (a) l (b) (c) ll (d) (e) jl

( 1,500'

.....ITOTAtvotesofallvotingsecurities.................................................................l.............1,500l NON! l NONI l 5 TOTAL nusber of security holders 1l 1! NONI l NON! l 6 TOTAL votes of security holders listed belcw 1,500l 1,5001 NONE l NONI l 1l l 8 :1. Northeast Utilities ll \l Il l 1 est pr ng el assa:husetts 1,500 l 1,500 N0? NONI 11l l l l l 12 2. NONI l l l I l 13 i l 14 l3. NONE l l

l l

l l

l

(

15 l l l l l 16 ll.NONI '

l l l j ll 17 l l l l l 13 1 l l 1 l 19l 1' l l, l l 20 l l l 21l Ll 1 l 22 l l l 23 l l l l 24 l l l l 25 l l l l l 26 l l 1 21 \l ll l l l Page 106

NORTEIAS7 NUCI.!A: IH!!Gy CON?ANy AnOriginal Dec. 31, 1908 INPORTANT CHANGIS DURING THE yIAR Giveparticulars(details)concerningthesattersindicated development purchase I and ausber gas sa:le availablegivinglocationan to it fres purchases, d approximate t below. Make the statesents then in accordance explicit with the inquiries. Each and precise,iry should inqu be contract or otherwise,iod of contracts, and other parties t volusesavailable,per answered. Inter'nonenatapplicable,'or'NA'whereap- sucharrangesentsetc.

plicable. If infersation whkh answers an inquiry is alven 6.Obligationsincurredasaresultofissuanceofsecurities elsewhereinthereport,sakeareferencetotheschedulein orassusptionofliabilitiesorquaranteesincludingissuanceof which it appears, shorttersdebtandcessercialpaperhavinganaturityofone 1.Changesinandisportantadditionstofranchiserights; year or less Give reference to FIRC or State cessission '1 Describetheactualconsiderationgiventhereforandstate authorization,asappropriate,andtheamountofobligationor l freswhosthefranchiserightswereacquired.Ifacquired guarantee, j vithoutthepaysentofconsideration,statethefact. 7,Chanaesinarticlesofincorporatienoranendsentsto 2.Acquisitionofownershipinotherecipaniesby charter:Explainthenatureandpurposeofsuchchangesor reorganization serger, or consolidation with other cospanies: asendaents, j particularsconcerningthe 8.Statetheestisatedannualeffectandnatureofany i Givenasesofc,ospaniesinvolved,ionauthorizingthetransac-transactions nase of the Consiss importantwagescalechangesduringtheyear, andreferencetoconsissionauthorization, 9.Statebrieflythestatusofanysaterialliisportantlegal tion,

3. Purchase or sale of an cperating unit or systen: Give proceedings pending at the end of the year and the results of abriefdescriptionoftheproperty,andofthetransactions anysuchproceedinoscuisinatedduringthe, year, relating thereto and reference to Consission authorization if 10.Describebrieflyanysateriallylaportanttransacticasof anYwasrequired.,GivedateJournalentriescalledforbyth,e therespondentnotdisclosedelsewhereInthisreportinwhich Unifors Systes of Accounts were subsitted to the Consis- an officer, director security holder reported on page 106, voting sien, trustee,associatedc,ospanyorhnownassociateofanyofthese L Inputant leaseholds (other than leaseholds for natural cersenswasapartyorinwhichanysuchpersonhadasaterial that have been acquired or given assigne(! cr sur- laterest.

gas lands)Give rendered: effective dates, nasesofpar-lengths of leras,Consission 11.(Reserved).

andotherconditions.Statenameof ties, rents,leaseandgivereferencetosuchauthorization.

authorizing 5.Isportantextensionorreductionoftranssissionor distributionsystes:Stateterritoryaddedorrelinquishedand dateoperationsheaanorceasedandgivereferencetoCos- 12.Iftheimportantchangesduringtheyearrelatina tothe sission authori:atlen if any was required. State also the respondentcospanyappearingintheannualreporttos}.ock-approximate nuster of,custosers added or lost and approx- holdersareapplicableineveryrespectandfurnishthedata inateannualrevenuesofeachclassofservice.Eachnatural required by instructicas 1 to 11 above, such notes say be gascospanysustalsostatesajornewcontinuingsourcesof attached to this page.

See insert pages beginning with page I H for Isportant Changes curing the year.

Page108

Annutl Rtport of NORTHEAST NUCLEAR ENERGY COMPANY Year Ended December 31, 1988 IMPORTANT CHANGES DURING THE YEAR

1. NONE

2. NONE

3. NONE

4. NONE

5. NONE

6. On December 24, 1986, the Securities and Exchange Commission approved a short-term debt limitation for Northeast Nuclear Energy Company (NNECO) of $50,000,000 effective through December 31, 1988 (Release No. 35-24282, File No. 70-7304). There were no short-term borrowings as of December 31, 1988.

7. NONE

8. NONE

9. NNECO has been designated by the United States Environmental Protection Agency (EPA) as a potentially responsible party (PRP) under the Comprehensive Environmental Response, Liability and Compensation Act (CERCLA) for the Maxey Flats nuclear vaste disposal site in Moorehead County, Kentucky. EPA has determined that vastes from the Maxey Flats site have migrated off that site and are causing certain environmental problems and that, therefore, remedial action is necessary. EPA also found that NNECO had disposed of hazardous substances at the site. NNEC0, along with many of the other PRPs, has formed a PRP Steering Committee and has entered into a consent order with EPA under which the Committee performed a remedial investigation / feasibility study as to the appropriate measures for cleaning up this site. The study shows that the ultimate cost of cleaning up this site vill be quite substantial. EPA has claimed ihat liability for PRPs under CERCLA is joint and several so that NNCC0 could, in theory, be liable for the entire cost of cleaning up the site. However, as a practical matter, liability at a hazardous vaste site has typically been allocated between PRPs on a volumetric basis. Since the ultimate costs of cleaning up the Haxey Flats site are likely to be in the $50 to $100 million range, and according to l the latest estimates, NNECO generated approximately 1.5 percent of the vastes at the site, it is likely that NUSCO vill end up paying between $1 and $2 million for its share of the cleanup costs.

10. NONE

11. (Reserved)

12. N/A l

ANNUAL-89-6 Page 109 l

(.

^

/

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 COMPARATIVE BALANCE SHEET (ASSETS AND OTHER DEBITS)

'Line Ref. Balance at Balance at

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

-1. .

UTILITY PLANT ~ l l l j.

2 . Utility Plant (101-106, 114) l 200201l $44,712,282l $43,866,082l

'3 . Construction Work in Progress (107) l 200201l 6,994,569j' 4,658,054l

~ 6 '. TOTAL Utility Plant -(Enter Total of lines 2 and 3): l l- 51,706,851l 48,524,136l

~ 5 . (Less) Accum. Prov for Depr. Amort. Dept. (108,111,115) l 200-201l 1,712,484 l 2,885,767l 6 . Net Utility Plant (Enter Total of line 4 less 5) l l 49,994,367l 45,638,369l

?7 . Nuclear Fuel (120.1 102.4, 120.0) .

l 202203l (4,300)l .-

[

G . (Less) Accum. Prov. for Amort. of Nucl. Fuel Assemblies (120.5) l 202203l l l 9 . Net Nuclear Fuel-(Enter Total of line 7 less 8) l l (4,300)l .

l'

.l l.................;................l

..10 . Net Utility Plant (Enter Total of lines 6 and 9) l l 49,990,067l- 45,638,369l l l.................;................j 11;. Utility Plant Adjustments (116) l 122 l l l 12 . Gas Stored Underground Noncurrent (117) l l l l s 13 . OTHER PROPERTY AND INVESTMENTS l l l -l 14 . Nonutility Property (121)- l 221 l l l:

15 .' (Less) Accum. Prov. for Depr. and Amort.- (122) l l l l W . Investments in Associated Companies (123) l l l l 1/ . Invest ent in Subsidiary Companies (123.1) l 224-225l l l 18 . (For. cost of Account 123.1, See Footnote Page 224 225, line 23)- l l l l 19.. Other Investments (124) l ~l l l

20 . Special Funds (125-128) l l l l l ................q ................l

[21'.TOTALOtherPropertyandInvestments(Totaloflines14thru20) l l- l l l j.................l................;

22 . CURRENT AND' ACCRUED ASSETS 'l l l ll 23 .' cash (131) l l 1,369,441;j 3,889l 24 . Special Deposits (132-134) l l l l 25 . Working Funds (135) l l 8,650l 8,650l

. 26 .. Temporary Cash. Investments (136) l l l l 27 . Notes Receivable (141) . l l l (190)l 28 . Customer Accounts Receivable (142) l l l l 29 . Other Accounts Receivable (143) l l 6,514,973 ' 5,077,044 l 30 . (Less) Accum.' Prov. for Uncollectible Acct. Credit (144) l l .l l 31 . Notes Receivable from Associated Companies (145) l l 1,500,000l 7,500,000l 32 . Accounts Receivable from Assoc. Companies (146) l [ 35,442,663l 21,162,673l

'33 . Fuel Stock (151) ..

l 227 l l l

-34 . Fuel Stock Expense Undistributed (152) l 227 l l -l 35 . Residuals (Elec) and Extracted Products (Gas) (153) l 227 l l l 36 . Plant Material and Operating Supplies (154) l 227 l 51,386,044l 50,443,637l 37 . Merchandise (155) l 227 l l l 38 . Other Material and Supplies (156) l 227 l l l 39 . Nuclear Materials Held for Sale (157) l 202203l l l 40-. Stores Expenses Undistributed (163) [ 227 l 228,962l 151,901l

'41 . cas Stored Underground Current (164.1) l l l l 42:. Liquefied Natural Gas Stored (164.2) l l l l 43 . Liquefied Natural Gas Held for Processing (164.3) l l l l 44 . Prepayments'(165) ,

l l 5,808,721 l 4,547,702l 45 . Advances for Gas Explor., Devel., and Prod. (166) l l l l

-46 . Other Advances for Gas (167)

. l l l l

, 47 .. Interest and Dividends Receivable (171) l l l l 48 . Rents Receivable (172) l l l l 49 . Accrued Utility Revenues (173) l l l l 50 . Miscellaneous Current and Accrued Assets (174) l l l l

51. TOTAL Cur rent and Acrued Assets (Enter Total of lines 23 thru 50)l l $102,259,454 l $88,895,306l Page 110

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 COMPARATIVE BALANCE SHEET (ASSETS AND OTHER DEBITS)(Continued) j Line Ref. Balance at Balance at i No. Title of Account Page No. Beginning of Year End of Year 52 . DEFERRED DEBITS l l l l 53 . Unamortized Debt Expense (181) l l $34,803l $25,735l 54 . Extraordinary Property Losses (182.1) l 230 l l l 55 . Unrecovered Plant and Regulatory Study Costs (182.2) l 230 l l l 56 . Prelim. Survey and Investigation Charges (Electric) (183) l l 701,849l 266,800l 57 . Prelim. Sur. and Invest. Charges (Gas) (183.1, 183.2) l l l l 58 . Clearing Accounts (184) l l 490,145l 301,333l 59 . Temporary Facilities (185) .l l l l 60 . Miscellaneous Deferred Debits (186) l 233 l 5,765,486l 50,144l

61. Def. Losses from Disposition of Utility Plt. (187) l l l l 62 . Research, Devel, and Demonstration Expend. (188) l 352353l 344,914l .

l 63 . Unamortized Loss on Reacquired Debt (189) l l l l

- 64 . Acetsnulated Deferred Income Taxes (190) l 234 l l l 65 . Unrecovered Purchased Gas Costs (191) l l l l 66 . Unrecovered incremental Gas costs (192.1) l l l l 67 . Unrecovered incremental Surcharges (192.2) l l l l l j.................i................l 68 . TOTAL Deferred Debits (Enter Total of lines 53 thru 67) l l 7,337,197 644,012 69 . TOTAL Assets and other Debits (Enter Total of lines 10, 11, 12, l l---------------l-----...-.---l 21, 51, and 68) l l $159,586,718l $'i35,177,687 l

.................................................................l .........l ,,,,,,,,,,,,,,,,,; ,,,,,,,,,,,,,,,,l See Notes to Financial Statements beginning on page 122.

PAGE 111

<s l k

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988  !

4 COMPARATIVE BALANCE SHEET (LIABILITIES AND OTHER CREDITS)

'Line Ref. Balance at Balance at No. Title of Account Page No. Beginning of Year End of Year

1. PROPRIETARY CAPTIAL l l l l 2 . Comon Stock issued (201) l 250251l S15,000l S15,000l 3 . Preferred Stock issued (204) l 250-251l l l 4 . Cipital Stock Subscribed (202, 205) l 252 l l l

.5 . Stock Liability for Conversion (203, 206) l 252 l l l 6 . Premium on Capital Stock (207) l 252 l l l 7 . Othsr Paid In Capital (208-211) l 253 l 15,350,000l 15,350,000l 8 . Installments Received on Capital Stock (212) l 252 l l l 9 . (Lsss) Discount on Capital Stock (213) l 254 l l l l 10 . (Less) Capital Stock Expense (214) l 254 l l l

,11 Rstsined Earnings (215, 215.1, 216) l 118-119l 1,824,825 l 2,374,357l

, 12 . Unappropriated Undistributed Subsidiary Earnings (216.1) l 118 119 l l l 13 . (Less) Reacquired capital Stock (217) l 250251l l l l l.................l................l 14 . TOTAL Proprietary Capital (Enter Total of lines 2 thru 13) l l 17,189,825 l 17,739,357l l l.................l................l 15 . _ _

LONG TERM DEBT l l l l 16 . Bonds (221) l 256257l l l

, . 17 . (Less) Reacquired Bonds (222) l 256257l l l 18 . Advrnces from Associated Companies (223) l 256257l l l t 19 . Other Long-Term Debt (224) l 256-257l 15,226,000l 15,169,500l 20 . Unamortized Premium on Long-Term Debt (225) l l l l 21 .. (Less) Unamortized Discount on Long-Term Debt-Dr. (226) l l l l l i.................l................;

22 , TOTAL Long-Term Debt (Enter Total of lines 16 thru 21) l l 15,226,000l 15,169,500l l l.................l................

23 . OTHER NONCURRENT LIABILITIES l l l l.

24 . Obligations Under capital Leases - Noncurrent (227) l l 28,497,176 l 27,287,263l

'25 . Accumulated Provision for Property Insurance (228.1) l l l l 26 . Accumulated Provision for Injuries and Damages (228.2) l l (9,200)l (27,276)l 27 . Accumulated Provision for Pensions and Benefits (228.3) l l 294,658 l 500,091l 28 . Accumulated Miscellaneous Operating Provisions (228.4) l l l l 29 . Accumulated Provision for Rate Refunds (229) l l l l l j................l................l 30 . TOTAL Other Noncurrent Liabilities (Enter Total of lines 24 thru 29) l l 28,782,634l 27,760,078l

;.................l................l 31 . CURRENT AND ACCRUED LIABILITIES l l l l 32 . Notes Payable (231) l l 5,500,000l -

l 33 . Accounts Payable (232) l l 23,238,580l 11,633,456l 34 . Notes Payable to Associated Companies (233) l l l l 35 . Accounts Payable to Associated Companies (234) l l 16,842,916l 14,282,700l 36 . Customer Deposits (235) l l l l 37,. Taxes Accrued (236) l 262263l 2,135,518l 1,498,495l

. 38 . Ir.terest Accrued (237) l l 115,763l 111,101l 39 . Dividends Declared (238) l l l l 40 . Matured Long Term Debt (239) l l l l 41 . ;1stured Interest (240) l l l l 42 . T:x Collections Payable (241) l l 263,433l 295,795l 43 . Miscellaneous current and Accrued Liabilities (242) l l 35,151,250l 34,876,244l 44 . Obligations Under Capital Leases-Current (243) l l 1,090,894l 1,209,913l l l.................;................l 45 . TOTAL Current and Accrued Liabilities (Enter Total of lines 32 thru 44) l l S84,338,354l S63,907,704l Page 112 i

m . -

p, e

& 1 4

~ NORTHEAST NUCLEAR ENERGY COMPANY An Original 'Dec. 31,.1988 COMPARATIVE BALANCE SHEET.(LIABILITIES AND OTHER CREDITS) (CONTINUED)

- Line Ref. . Balance at Balance at No. Title of Account Page No. Beginning of Year End of Year 46 . DEFERRED CRE0!TS [. l -l l i

' 47 .' Customer Advances for Construction (252) ~ l l l. l

- 48 . Accumulated Deferred Investment Tax credits (255) l 266267l 3,033,992l 3,033,992l 49 . Deferred Gains from Disposition of Utility Plant (256) l l l l

.50 . Other Deferred Credits'(253) l 269 l 5,589,784l .

l' E 51' . Unamortized cain on Reacquired Debt (257) l l 'l -l q 52 . Accumulated Deferred Income Taxes (281283) l 272277.l 5,426,129l 7,567,056l' l l l.................l................; ,

53 . TOTAL Deferred Credits (Enter Total of lines 47 thru 52) l l 14,049,905l 10,601,048l 'I l  ;.................;................;

54 . I l- I .l- i'

' 5s . I I l l 56 . I i l l I'

57 '. l l l; l

' 58 . l l ,l l I

59 . I I I 1 60 . l l l l l

' 61 . l l l l 62 . I I I l  !

63 . ] l. l l 64 . 1 I I i 65.. l l l. 1 .i 66 . l l l l 67 . l- l l l 68 I I I I l l.................]................l.

69 . TOTAL Liabilities and Other Credits (Enter Total of lines 14,22,30 l l l l 45 and 53) - l l $159,586,718 l - $135,177,687l See Notes to Financial Statements beginning on page 122.

Page 113

- _ _ . ._ \

.NC;;THEA$f NUCLEAR ENERGY COMPANY. An original Dec. 31, 1988 STATEMENT OF INCOME FOR THE YEAR l . . .

-1. Report amounts for accounts 412 and 413, Revenue and ceedings where a contingency exists such that refunds of a Expensts 'f rom Utility Plant leased to Others, in another utility - material amount may need to be made to the utility's

' colunn (1,k,m,o) in a similar manner to a utility department. customers or which may result in a materlat refund to the util.

.Spre d the amount (s) over lines 01 thru 20 as appropriate. Ina ity with respect to power or gas purchases. State for each year i- ' clude these amounts in columns (c) and (d) totals, ef fected the gross revenues or costs to which the contingency

2. R$ port amounts in account 414, Other Utility Operating relates and the tax effects together with an explanation of the income,. .in the same manner as accounts 412 and 413 above, major factors which affect the rights of the utility to retain

3. Riport data for lines 7, 9, and 10 for Natural Gas com- such revenues of recover amounts paid with respect to power

~.panies using necounts 404.1, 404.2, 404.3, 407.1, and 407.2 and 9as purchases.

4..- Use page 122 for important notes regarding the state. 6. Give concise explanations concerning significant

. ment of income or any account thereof. amounts of any refunds made or received during the year-

' 5. Give concise explanations concerning unsettled rate pro.

.j i .

Ref. . TOTAL i.ine .

Page - ~.-.~ ~-. ~ ~ ~ ~ ~ .-. - ~ . --. ~ ~ . "

No. Acccunt No. Current Year -Previous Year

.1:. UTILITY OPERATING INCOME 2 . Operating Revenues (400) $240,396,127 $268,031,715 3 . Operating Expenses

.4,' operation Expenses (401) 169,023,743 175,250,678

5. Maintenance Expenses (402) 58,485,151 81,845,715

6. Depreciation Expense (403) 519,905 483,614

.-7. . Anort. & Dept. of Utility Plant (404 405) 31,733 27,229

8. Amort. of Utility Plant Acq. Adj. (406)

.9~. Unrecovered Plant and Amort, of Proper Regulatory i,( Losses,407)

Study Costs (

10 . Amort. of Conversion Expenses (407)

. 11 . Taxes Other Than income Taxes (408.1) 262 263 5,387,559 5,288,982 12 Income Taxes . Federal (409.1)

. 262 263 64,579 (2,795,806)

' 13 . . - Other (409.1) 262 263 154,814 172,747

.14 Provision for Deferred Inc. Taxes (410.1) 234,272 277 2,140,928 528,024 15 .. (Less) Provision for Deferred income Taxes - Cr.(411.1) 234,272 277 1 .

16 . Investment Tax credit Adj. - Net (411.4) 266 267 -

3,034,217 17.. (Less) Gains from Disp. of Utility Plant (411.7) 18 . Losses from Disp. of Utility Plant (411.7)-

19 . - ' TOTAL Utility operating Expenses tenter Total of lines 4 thru 18) 235,808,411 263,835,400 s ' 20 . Net Utility Operating Income (Enter Total of line 2 less 19)

(Carry forward to page 117, line 21) $4,587,716 $4,196,315

.................................................................................................................................... 1 Sse Notes to Financial Statments beginning on page 122.

Page 114

<=

- ~

NORTHEAST NUCLEAR ENERGY COMPANY - An Original Dec. 31, 1988-STATEMENT OF INCOME FOR THE YEAR (Continued) resulting from settlement of any rate proceeding affecting allocations and apportionments from those used in the pre.

,r revenues received or costs incurred for power or gas pur. ' ceding year. Also give the approximate dollar effect of such chases, and a summary of the adjustments made to balance changes. .

sheet, income, and expense accounts. 9. Explain in a footnote if the previous year's figures

7. If any notes appearing in the report to stockholders are different from that reported in prior reports.

are applicable to this Statement of income, such notes may 10. If the columns are insufficient for reporting addi-be attached at page 122. tional utility departments, supply the appropriate account -j

0. Enter on page 122 a consise explanation of only titles, lines 1 to 19 and report the information in the blank j those changes in accounting methods made during the year spaceonpage122orInasupplementalstatement.

which had an effect on net income, including the basis of ELECTRIC UTILITY GAS UTILITY OTHER UTILITY Current Year Previous Year Current Year Previous Year. Current Year Previous Year (e) (g) (h) (t) (

..................................................................................................................J..)..............

(f) 1 2

3 4

5 6

SAME SAME 7 8

AS AS 9 .

J COLUMN COLUMN 10 1 11 )

(c) (d) 12 13 14 15 16 17 18 19 20 l

Page 115

l NORTHEAST NUCLEAR ENERGY COMPANY An original Dec. 31, 1988 STATEMENT OF INCOME FOR THE YEAR (Continued)

Ref. TOTAL Linei Page -"-.""-"".""--"."""L I No. Account No. Current Year Previous Year 21 . Net Utility Operating Income (Carried forward from page 114) l l $4,587,716l~ $4,196,315l 22 . Other Income and Deductions 23 .. Other Income.

l l " .. " '.. " --..' " .. ".........l l l l l l 24 . Nonutility Operating Income l l l l j 25 . Revenues From Merchandising, Jobbing and Contract Work (415) l l 'l l j 26 . (Less) Costs and Exp. of Merchandising, Job & Contract Work (416) l l l l ,

Revenues From Nonutility Operations (417) 27 -

28 . (Less) Expenses of Nonutility Operations (417.1) l l

l l

l ll l l

29 . Nonoperating Rental Income (418) l l l l- ,

30 . Equity in Earnings of subsidiary Companies (418.1)- l l l l!

31 . Interest and Dividend Income-(419) l l 499,350l 363,901l 32 . Allowarce for other Funds Used During Construction (419.1) l l l l !

33 . Miscellaneous Nonoperating income (421) l l l [.

34 Gain on Disposition of Property (421.1) l l l 126,275l_

35 . TOTAL Other Income (Enter Total of lines 25 thru 34) l l................................l l l 499,350l. 490,176l '

36 . Other income Deductions l l l l 37 . Loss on Disposition of Property (421.2) l l 10,679l .

l l 38 . Miscellaneous Amortization (425) l 340 l l l 39 . Miscellaneous Income Deductions (426.1-426.5) l 340 l 330,869l 151,320l-40 . TOTAL Other Income Deductions (Total of lines 37 thru 39) l l.................................l.

l l 341,548l 151,320l 41 . Taxes Applic.'to Other Income and Deductions l l l l 42 ' . Taxes Other Than Income Taxes (408.2) l 262-263 l l l

'1 43 . Income Taxes . Federal (409.2) l 262-263 l l l 44 . Income Taxes . Other (409.7' l 262-263 l l l.

45 . ~ Provision for Deferred inc. Taxes (410.2) l234,272-277l l l 46 . (Less) Provision for Deferred Income Taxes Cr. (411.2) l234,272-277l l l 47 . Investment Tax credit Adj.. Net (411.5) l l l l 48 . , (Less) Investment Tax Credits (420) l l l l-l l...............l ...............l 49 . TOTAL Taxes on other Inc. and Ded. (Enter Total of 42 thru 48) l l l l l 1 l l 50 . Net Other Income and Deductions (Enter Total of lines 35,40,49) l l 157,802l 338,856l 51 . Interest Charges l l l l 52 . Interest on Long Term Debt (427) l l 1,254,386l 1,247,003l 53 . Amortization of Debt Disc. and Expense (428) l 256 257 l 12,460l -

l 54 . Amortization of Loss on Reacquired Debt (428.1) l 256 257 l l l 55 . (Less) Amort. of Premium on Debt - Credit (429) l '!56 257 l l l 56 . (Less) Amortization of Gain on Reazquired Debt - Credit (429.1) l 256-257 l l l 57 . Interest on Debt to Assoc. Companies (430) l 340 l 31,712l 118,481l 58 . Other Interest Expense (431) l 340 l 1,033,048l 825,587l 59.(Less)AllowanceforBorrowedFundsUsedDuringconstruction-Cr.(432)l l l l l l...............l ...............l 60 . Net Interest Charges (Total of lines 52 thru 59) l l 2,331,606l 2,191,071l l l...............l ...............l 61.IncomeBeforeExtraordinaryItems(EnterTotaloflines21,50and60)l l 2,413,912l 2,344,100l 1 62 . Extraordinary Items l l l l

;...............l ...............l 63 . Extreardinary Income (434) l l l l

~ 64 . (Less) Extraordinary Deductions (435) l l l l l 65 . Net Extraordinary items (Enter Total of line 63 tess line 64) l l l l 66 . Income Taxes - Federal and Other (409.3) l 262-263 l l l j 67 . Extraordinary items After Taxes (fnter Total of line 65 tess line 66) l l l l )

l l..............l 68 . Net income (Enter Total of lines 61 and 67) l l $2,413,912l $2,344,100l Page 117.

N0RiHIAS7 H CLIAR IXIRGY COMPAXY AnOriginal Dec. 31, 1980 STAT! MINT OF RITAINID IARNINGS FOR THE flAR

1. Report all changes in appropriated retained earnings unap- 5. Show dividends for each clas and series of capital stock, propriatedretainedearnings,andunappropriatedundistributed 6.Showseparatelythestateandfederalincesetaxeffectof sehsi51aryearningsfortheyear, itess shown for Account (39 Adjustments to Retained Iarnings.

2.Eachcreditanddebitduringtheyearshouldbeidentifiedas 7. Irplain in a footnote the, basis for determining the atount totheretainedearningsaccountinwhichrecorded(Accoun reservedorappropriated.Ifsuchreservationoraaprpriationis (33 (36 439 inclusive).Showthecontraprimaryaccountal's to be recurrent, state the n f

3. State the purpo(se}*and atount for each reservation orcusulated, appropriated as ve$ sher and ann feeled in colusa b servedora 1 as the totals eventual y to e a:-

ap 8.Ifanynetesappearinginthereporttostockholdersareap-4.p cpriatica of retaine:1 earnings,istfirstAccount(39,AdjustsentstoRetainedlatnings plicable to this statesent, attach thes at page 122, reiectingadjustsentstotheOpeningbalanceofretainede,arn-ings. Follow by credit, then debit itess, in that order.

Contra Pristry Line Account No. Ites Affected Asount UNAPPR3PRIATIDRITAINIDIARNINOS(Account 216) l 1 Balance - Beginnin of Year ll $1,824,8251

2. Changes (Identif by prescribed retained earnings accounts) l 3.AdjustsentstoletinenEarnings(Account (39)

4. Credit:

5.

5. Credit:

Credit:

1 I

ll

7. Credit: 1

8. Credit: i l

9. TOTALCreditstoRetainedIarnings(Account (39)(InterTotaloflines4thruB) I l 10 . Debit:

11 . Debit: [l

12. Debit: j 13 . Debit: , l 14 . Debit: l j 15 . TOTALDebitstoRetainedEarnings(Account (39)(InterTotaloflines10thru14) l l 16.BalanceTransferredfresIncese(Account (33lessAccount(18.1) l 2,(13,912 17.(Less)ApptcpriaticasofRetainedlarnings(Account (36) I 18 . l 19 l 20 . I 21 . ( l 22 . TOTALAppropriationsofRetainedIarnings(Ac: cunt (36)(InterTotaloflines18thru21) l l 23.DividendsDeclared-PreferredStock(Account (37) l 24 . Il l l 25 . l l 20 .

27 .

28 .

l l

l ll I l

l 29 . TOTAL Dividen: Is Declared Preferred Stock (A : cunt (37) (Inter Total l of lines 24 thru 28)l l 30 . Dividends Declared 00:20n Stock (Account (38) l l 31 . l l 32 . 1,500 Shares $1,242.92 Per Share 238 1,85(,380l 33 . il l 34 . l l 35 . l 36 . TOTALDividendsDeclared-ConsonStock I 1,864,3801 37 . Transfers fres A ct. 216.1, linappropriated(Acccunt (38)d(Inter Undistributed Subsidiary garnings Total of lines 31 thru 35)J 30 . Balance Ind of Year (Inter Total of lines 01,09,15,16,22,29,36and37)

................................................................................................................I ll $2,37(,357l.

n::::::::

Page !!8

1 NOR7EIAS71UCMAR INIRGY COMPANT AnOriginal Dee,31,1930 )

h  ;; '

STAf!NINTOfRITAINIDIARNINGSFORTHEf!AR(Continued)

J

!~

LLhe

No, Ascunt

.... ..........................................Ites: ....................................................................................

'1 APPROPRIATIDRITAINIDIARNINGS(Account 215) I j I I State balance andfurpose of each appropriated retained earnings amount at end of year and give l l I accounting entries for any applications el appropriated retained earnings during the Year, 1 l.

l l l a

=39 l l l 1 (0l l l l 11 l l

'l I 42 l 43

'44 i l

l l

(l - ll 45 'TOTALAppropriatedRetainedZarnings(Account 215) l l

APPROFRIAf!D RETAINID IARNINGS AMORTI!ATION RESIRVI, !!DIRAL { Account 215.1) l State below the total amount set aside thrcugh a propriations of utained earnings as of l the end of the l l l

Tear,incospliancewiththeprovisionsofFederalffgrantedbidroelettriccrojectlIcen respondent. l' l

l l ingtheyear,explainsuchitessinafootnote. J J .

J J (6l TOTAL Appropriated Retained Barnings Ascrtization Reserve Federal (Account 215.1) 1 47 TOTALAppropriatedRetainedZarnings(Accounts 215 l 70fALRetainedlarnings(Account 215,215.1,216),215,1),

l-48 1 $2,371,357i

............... j

)-

UNAPPROPRIATEDUNDISTRIBUTIDSUBSIDIARYIARNINGS{ Account 216.1) l 49I 50 l Balance Beginning of fearCredit (Debit or) Credit)(Account (18,1) l.

511 Iquity.in latnings for fear (bit)

(LessJDividendsReceived(De 1 52 i OtherChanges(!xplain)

~

U l( .

{(

.'.....'.".."."..'.....'......I.'.".r SeeNotestofinancialStatesentsbeginningonpage122.

Page119 L =__ _ __ =___ _ _ ____ - _ _ _ _ - _ - _ - _ _ _ _ _ - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __a

I NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 STATEMENT OF CASH FLOWS

1. If the notes to the cash flow statement in the 3. Operating Activities - Other: Include gains and respondent's annual stockholders report are losses pertaining to operating activities only.

applicele to this statement such notes should Gains and losses pertaining to investing and be attached to page 122. Informationabout financing activities should be reported in those noncash investing and financing activities activities. Show on page 122 the amounts of should be provided on page 122. Provide also on interest paid (net of amounts capitalized) and page 122 a reconciliation between " Cash and Cash income taxes paid.

Equivalents at End of Year" with related amounts on the balance sheet.

2. Under "Other" specify significant amounts and group others.

Line Description (See Instructions for Explanation of Codes) Amounts No. (a) (b) 1 . Net Cash Flow from Operating Activities:

2. Net income (Line 19 (c) on page 117) 2,413,912

3. Noncash Charges (Credits) to income:

4. Depreciation and Depletion 551

5. Amortization of (Specify): Other 652,638

,217 6.

7.

8. Deferred Income Taxes (Net) 2,140,927

9. Investment Tax Credit Adjustments (Net) 10 . Net (Increase) Decrease in Receivables 764 11 . Net (Increase) Decrease in inventory 7,814,198 12 . Net increase (Decrease) in Payables and Accrued Expenses (11,144,495,401) 13 . (Less) Allowance for Other Funds Used During Construction 14 . (Less) Undistributed Earnings from Subsidiary Companies 15 . Other: Other, Net 1,300,226 16 .

17 .

18 .

19 20 .

21 . Net Cash Provided by (Used in) Operating Activities (fotel 22 . of tines 2 thru 20) 4,493,212 23 .

24 . Cash Flows from investment Activities:

25 . Construction and Acquisition of Plant (including land):

26 . Gross Add't'ons to Utility Plant (less nuclear fuel) 1 73 27 Gross Add' t' ons to Nuclear Fuel 2,055,300)

(4, 28 . Gross Add' t' ons to Conynon Utility Plant 29 . Gross Add't'ons to Nonutflity Plant 30 . (Less) Allowance for Other Funds Used During Construction 31 . Other:

32 .

33 .

34 . Cash Outflows for Plant (Total of lines 26 thru 33) 2,050,873 35 .

36 . Acquisition of Other Noncurrent Assets (d) 37 . Proceeds from Disposal of Noncurrent Assets (d) 38 r, . Investments in and Advances to Assoc. and Subsidiary Companies 40 . Contributions and Advances from Assoc. and Subsidiary Companies 41 . Disposition of Investments in (and Advances to) 42 . Associated and Subsidiary Companies 43 .

44 Purchase of Investment Securities (a) 45 . Proceeds from Sales of Investment Securities (a) l t

l i

i l

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988

, STATEMENT OF CASH FLOWS (Continued)

-4.

Investing Activities 5. Codes used:

Include at Other (line 31) net cash outflow to (a) Net proceeds or payments.

acquire other companies. Provide a

-reconciliation of assets acquired with (b) Bonds, debentures and other long term debt.

t liabilities assumed on page 122.

! (c) Include commercial paper.

l Do not include on this statement the dollar i amount of leases capitalized per USofA General (d) Identify separately such items as investments, I Instruction 20; instead provide a reconciliation fixed assets, intangibles, etc.

of the dollar amount of leases capitalized with

...the plant cost on page 122. 6. Enter on page 122 clarifications and explanations.

Line Description (See Instruction No. 5 for Explanation of Codes) Amounts No. (a) (b) 46 . Loans Made or Purchased 47 Collections on Loans I 48 .

49 Net (Increase) Decrease - n Receivables 1,953,911 50 . Net (Increase) Decrease ' n Inventory 204 51 . Net increase (Decrease) ' n Payables and Accrued Expenses (2,644,973,249) 52 . Other:

53 .

54 55 .

56 . Net Cash Provided by (Used in) Investing Activities 57 . (Total of lines 34 thru 55) 1,565,508 58 .

59 . Cash flows from Financing Activities:

60 . Proceeds from Issuance of:

61 . Long Term Debt (b) 62 . Preferred Stock 63 . Connon Stock 64 Other 65 66 Net increase in Short-Term Debt (c) 67 Other:

68 .

69 .

70 . Cash Provided by Outside Sources (Total of lines 61 thru 69) 0 71 72 . Pa p nts for Retirement of:

73 . Long term Debt (b) (56,500) 74 Preferred Stock 75 . Comon Stock 76 . Other: Financing Expense (3,392) 77 78 . Net Decrease in Short* Term Debt (c) (5,500,000) 79 .

80 . Dividends on Preferred Stock 81 . Dividends on Common Stock (1,864,380) 82 . Net Cash Provided by (Used in) Financing Activities 83 . (Total of lines 70 thru 81) ( ..24,272) 84 85 . Net Increase (Decrease) in cash and Cash Equivalents 86 . (Total of lines 22, 57 and 83) (1,365,552) 87 .

88 . Cash and Cash Equivalents at Beginning of Year 1,378,091 89 .

90 . Cash and Cash Equivalents at End of Year 12,539 Page 121

NC3THEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 NOTES TO FINANCIAL STATEMENTS

1. Use the space below for important notes regarding the plan of disposition contemplated, giving references to connis-Balance Sheet, Statement of income for the year, Statement of sion orders or other authorizations respecting classification of Rateined Earnings for the year, and Statement of Cash amounts as >lant ad}ustments and requirements as to disposition Flows, or any account thereof. Classify the notes ac- thereof.

cording to each basic statement, providing a subheading for each 4. Where Accounts 189, Unamortized Loss on Reacquired statement except where a note is applicable to more than one Debt, and 257, unamortized Gain on Reacquired Debt, are not statement. used, give an explanation, providing the rate treatment given

2. Furnish particulars (details) as to any significant contingent these items. See General Instruction 17 of the Uniform System assets or liabilities existing at end of year, including a brief ex- of Accounts.

plenation of any action initiated by the Internal Revenue Service 5. Give a concise explanation of any retained earnings restric-involving possible assessment of additional income taxes of tions and state the amount of retained earnings affected by such material amount, or of a claim for refund of income taxes of a restrictions. .

material amount initiated by the utility. Give also a brief explana- 6. If the notes to financial statements relating to the respon- I tion of any dividends in arrears on cumulative preferred stock. dent company appearing in the annual report to the stockholders

3. For Account 116, utility Plant Adjustments, explain the are applicable and furnish the data required by instructions origin of such amount, debits and credits during the year, and above and on pages 114 121, such notes may be attached hereto.

See Notes to Financial Statements beginning on page 123A I 1

I i

l i

I I

i l

Page 122 l i,

I i

l l

l

I 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 operating the two nuclear generating facilities (Millstone 1 and 2) that are wholly owned by CL&P and WMECO. The cost of the two 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 operating a third nuclear generating unit, Millstone 3, for CL&P, WMECO and other nonaffiliated utilities

, (associate participants). The cost of Millstone 3 is recorded on the books of CL&P, WMECO and the. associate participants based upon their proportionate ownership 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.

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 subject 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.

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.

l 123A

____u___________ i

o I

l NORTHEAST NUCLEAR ENERGY C?MpANY Notes to Financial Statements (Continued) l 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 6.1 percent in 1988.

1' Income Taxes: In Decenbar 1987, the Financial Accounting Standards

Board issued Statement of Financial Accounting Standards No. 96,

" Accounting for Income Taxes" (SFAS 96). SFAS 96 supersedes previously issued income tax accounting standards and will be effective in 1990.

The Company expects that when SFAS 96 is adopted it will increase assets and liabilities by $1.6 million, but will not have a material effect on net income.

l

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

$50 million through a revolving credit agreement with seven banks.

Amounts utilized by other system companies under these joint credit lines will reduce the amount available to the Company. Loans under this agreement are on a short-term revolving basis in the form of either Eurodollar Loans based on the LIBOR, plus 3f8 of 1 percent, or as Alternative Base Rate Loans at the greater'of the prime rate or 1/2 of 1 percent over the Federal Funds Effective Rate. This agreement will expire on August 25, 1991 unless extended, on an annual basis, for a maximum of four years beyond the expiration of the initial three-year term. At. December 31, 1988, the amount of unused borrowing capacity under this agreement was $50 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. 7". addition, the Jompany's affiliates have entered into lease agreements for the use or data processing equipment, office equipment, vehicles and office space. The Company is billed for its proportionate share 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 $4,448,000 for capital leases and $8,049,000 for operating ,

leases in 1988. Interest included in capital lease rental payments was t approximately $3,046,000 in 1988.

I 1

l 123B

NORTHEAST NUCLEAR ENERGY COMPANY Notes to Financial Statements (Continued)

Future minimum rental payments, excluding executory costs such as property taxes, state use taxes, insurance and maintenance, under long-term noncancellable leases'as of December 31, 1988 are approximately:

Capital Operating Year Leases Leases (Thousands of Dollars) 1989.............................. $ 4,140 $ 4,600 1990.............................. 4,140 4,100 1991................... .......... 4,140 2,700 1992.............................. 4,140 1,900 1993.............................. 4,140 900 l After 1993.............. ........ 30,300 5,700 Future minimum lease payments..... 51,000 $19,900 Less amount representing interest. 21,400 Present value of future minimum lease payments................... $29,600

4. RETIREMENT PLAN The Company participates in a uniform noncontributory defined benefit retirement plan covering all regular NU system employees. l Benefits are based on years of service and employees' compensation during the last five years of employment.

The Company had 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 l 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) and the Internal Revenue Code.

Pension costs are determined using market-related values of pension assets. Pension assets are invested primarily in equity securities, bonds, and insurance contracts.

The components of net pension cost for the NU system for 1988 are:

Service cost $ 31,893,000 Interest cost 59,715,000 Return on plan assets (84,825,000)

Net amortization 10,431,000 Net pension cost $ 17,214,000 The Company's allocated portion of the system's pension cost, part of which was charged to utility plant, approximated $2.8 million in 1988.

l 123C

. _ _ _ _ _________________________j

i NORTHEAST NUCLEAR ENERGY COMPANY c

Notes to Financial Statements (Continued)

For calculating pension cost the following assumptions were used:

9.5%  !

Discount rate Expected long-term rate of return 9.7%

Compensation / progression rate 8.5%

The following table represents the plan's funded status' reconciled to the NU consolidated balance sheet at December 31, 1988:

Accumulated benefit obligation, including

$386,618,000 of vested benefits at December 31, 1988 $419,781,000 Projected benefit obligation $694,315,000 Less: Market valve of plan assets 768,001,000 Projected benefit obligation surplus 73,686,000 Unrecognized transition amount (34,233,000)

Unrecognized net gain (67,259,000)

Accrued pension (liability) $(27,806,000)

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

Discount rate 9.5%

Compensation / progression rate 8.5%

In addition to pension benefits, the Company provides certain health care and life insurance benefits to retired employees. The cost of providirg those benefits was approximately $59,000 in 1988. The Company recognizes health care benefits primarily as incurred and provides for life insurance benefits through premiums paid to an insurance company.

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

The Company currently forecasts construction program expenditures of $135,000 for 1989. No construction expenditures have been budgeted for the years beyond 1989.

6. SijPPLEMENTAL CASH FLOW INFORMATION Cash paid during the year for:

Interest, net of amounts capitalized during construction......... . ..... ..... $1,381,000 Income taxes......... ........ ... ...... . $ 580,000 123D

NORTHEAST NUCLEAR ENERGY COMPANY An original Dec. 31, 1988

SUMMARY

OF UTILITY PLANT AND ACCUMULATED PROVISIONS j; FOR DEPRECIATION, AMORTIZATION AND DEPLETION l

! Lire Item Total Electric l No. (a) (b) (c) 1 UTILITY PLANT l l l 2 In Service l l l 3 Plant in Service (Classified) l 11,423,282l 11,423,282l 4 Property Under Capital Leases l 28,497,176l 28,497,176l 5 Plant Purchased or Sold l 0l l 6 Completed construction not Classified l 3,945,624l 3,945,624 l 7 Experimental Plant Unclassified l l l 8 TOTAL (Enter Total of lines 3 thru 7) l 43,866,082l 43,866,082l 9 Leased to others l 0l l 10 Held for Future Use 1 0l l 11 Construction Work in Progress l 4,658,054l 4,658,054 l 12 Acquisition Adjustments l 0l l 13 TOTAL Utility Plant (Enter Total of lines 8 thru 12 ) [ 48,524,1V j 48,524,136l 14 Accum. Prov. for Depr., Amort., & Dept. l 2,885,7t.7l 2,885,767l 15 Net Utility Plant (Enter total of line 13 less 14) -l 45,638,369l 45,638,369l 16 DETAIL OF ACCUMULATED PROVISIONS FOR l l l DEPRECIATION, AMORTIZATION AND DEPLETION l l l 17 In Service: l l l 18 Depreciation l 2,832,144l 2,832,144l 19 Amort.andDept.ofProducingNat.CasLandandLandRightsl 0l l 20 Amort. of Underground Storage Land and Land Rights l 0l l 21 Amort. of Other Utility Plant l 0l l 22 TOTAL in Service (Enter Total of lines 18 thru 21) l 2,832,144l 2,832,144 l )

23 Leased to Others l l l 24 Depreciation l 0l l 25 Amortization and Depletion l 53,'623l 53,623l 26 TOTAL Leased to Others (Enter Total of lines 24 and 25) l 53,623l 53,623l 27 Held for Future Use l l l 28 Depreciation l 0l l 29 Amortization l 0-l l 30 TOTAL Held for Future Use (Ent. Tot of lines 28 and 29) l 0l 0l

'31 Abandonment of Leases (Natural Gas) l 0l l 32 Amort of Plant Acquisition Adjustment j 0l l 33 TOTAL Accumulated Provisions (Should agree with line 14 l 2,885,767l 2,885,767l above)(Enter Total of lines 22, 26, 30, 31, and 32) J l l Page 200 l

{

NORTHIAST NUCLIAR IN!!GT COMPANY AnOriginal Dec.31,1988 NUCLIARPUILMATERIALS(Accounts 120.1through120.6and157)

1. Reportbelowthecostsincurred statenentshowingtheamountofnuclear fornuclearfuelsaterialsinprocessof the quantity used and on. hand in rea ter, and in fuel leased, quantity on hand and the costs in-fabrication,dbythe,responhent.

owne curredundersuchleasingarrange-cooling;henuclearfuelstockisobtained

2. If t sents.

under leasing arrangements, attach a ChangesDuringYear Salance i Line DescriptionofItes Additions  !

No. (a) Beginning}offeat In Ic) 1 1N%learFuelinPrccessofRefinesent l 2l ConversionEnrichsent6 Fabrication (120.1) 3 , Fabrication 14,300); 16,851,027 4 l NuclearMaterials 1 5 AllcwanceforFundsUsedduringConstruction, 6 OtherOverheadCenstructionCosts 7 ................. ...................

8 1

. SUBTOTAL (InterTotalcflines3thru6) l (4,300) i 16,851,027 9 ................. ...................I 10 1 Nuclear fuel Waterials and Assesblies I 11 InStock(120.2) l 6,250 12 i In Reactor (120.3) l 13 i - -- -- --- - -- -- - -- - -- --l 14 SUBTOTAL (Enter Total cf lines 11 and 12) 1 0 6,250 ,

15 ' l - ~~

l 16 SptntNuclearfuel(120.4) 1 0 17 NuclearfuelUnderCapitalLeases(120.6) L 0 18 ILessAccus.Prov,forAzort12ationof 19 NuclearfuelAsseab!!es(120.5) 0 20 21 T37ALNuclearFuelStock(InterTotal 22 lines B, 14 ,16 and 17 less line 19) (4,300) 16,857,277 23  ::::::::::::::::: ::::::::::::::::.::

24 Est1satedNetSalvageValueofNuclear  ! i 25 Materialsinline12 26 IstinatedNetSalvageValueofNuclear 27 Materialsinline16 28 lEstinatedNetSalvagevalueofNuclear 29 Materials in Chesical Processing 30 1 Nuclear Materials Held for Sale (157) 31 Uranius 1 32 Plutoniun 33 Other 1 34 l TOTALNuclearMaterialsHeldforSale .I 35 (interTotaloflines31,32and33) l '

36 l l  !

37 38 1 39 I 1

40 41 l l 42 -

43 (A)BilledtoMillstene3 Participants, l 44 45 l ' '

46 l l Page 202 l

l l

1

_ _ _ _ . _ _ _ _J

X0tTHIAST NUCLEAR IIIRGY COMPANY AnOriginal Dec.31,1988

NUCLIntFUILMATIRIALS(Accounts 120.1through120.6and157)(Continued)

ChangesDuringthefear OtherReductions (Explainina Balance Amortization foottete) Indoffeat Line (d) (e) (f) No.

l 1 \ l1

'1 12 16,846,727(A) b 3 l 0 4 l

0l 5 l

0 16

............................ ............................... ............................: 1 16,846,727 0 8

............................ ............................... ............................ 9 l ' 10 6,250(A) 0i 11 0 0 12

............................, ........ ....................... ............................; 13 6,250 0 14

............................ ...............................l ............................i 15 1 0 16 0 17 18 l 0 19 l

!............................ ............................... ............................ 20 21 16,852,977 0 22

i :::::::::::: ::::::::::::::::::1 :::::::::::::::::::::::::::: 23 24 l 25 26- '

l 27 28 29 30 i 31  !

! 32 33 I 4

. 34 l l 35 t 36 37- I 38 ]

59 l 40 (1

42 (3

il 45 1

.\.............................'............................................................146 ......

Page203 l

I i

l l

l NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 ELECTRIC PLANT IN SERVICE (Accounts 101, 102, 103, 106)

1. Rrport below the original cost of electric plant in service reversals of tentative distributions of prior year reported in recording to the prescribed accounts. column (b). Likewise, if the respondent has a significant

2. In addition to Account 101, Electric Plant in Service amount of plant retirements the end of the year, include in (Clissified), this page and the next include Account 102, Elec- column (d) a tentative distribution of such retirements, on an tric Plant Purchased or Sold; Account 103, Experimental Gas estimated basis, with appropriate contra entry to the account Plsnt Unclassified; and Account 106, Co mleted Construction for accunutated depreciation provision. Include also in colum Not Cltasified - Electric. (d) reversals of tentative distributions of prior year of un.

3. Ir:ctude in column (c) or (d), as appropriate, corrections classified retirements. Atter$ supplemental statement showing of additions and retirements for the current or preceding year, the account distributions of these tentative classifications in 4 Enclose in parentheses credit adjustments of plant colunns (c) and (d), including the ra"arsals of the prior years cecounts to indicate the negative effect of such accounts. tentative account distributions of these amounts. Careful ob-5.. Classify Account 106 accord bg to prescribed accounts, on servance of the above instructions and the texts of Accounts an astimated basis if necessary, and include the entries in 101 and 106 will avoid serious omissions of the reported amount of respondent plant actually in service at end of year.

column (c) . Also to be included in colum (c) are entries for................................................................................'s Balance at j Line Account 8eginning of Year Additions No. (a) (b) (c) 1 1. INTANGIBLE PLANT l 2 (301) Organization SO l 3 (302) Frenchises and consents 0 'j 4 (303) Miscellaneous intangible Plant 0 5 TOTAL Intangible Plant (Enter Total of lines 2, 3, and4) 0 0 6 2. PRODUCTION PLANT 0 7 A. Steam Production Plant 8 (310) Land and Land Rights 0 9 (311) Structures and Improvements 0 10 (312) Boller Plant Equipment 0 11 (313) Engines and Engine Driven Generators 0 12 (314) Turbogenerator Units 0 13 (315) Accessory Electric Equipment 0 14 (316) Misc. Power Plant Equipment 0 i 15 TOTAL Steam Production Plant (Enter Total of lines 8 thru 14) 0 0 16 B. Nuclear Production Plant 0 17 (320) Land and Land Rights 0 18 (321) Structures and I mrovements 12,034,039 (423,179) 19 (322) Reactor Plant Equipment 0 12,000 20 (323) Turbogenerator Units 0 21 (324) Accessory Electric Equipment 0 26,767 22 (325) Misc. Power Plant Equipment 2,268,0A5 652,605 23 TOTAL Nuclear Production Plant (Enter Total of lines 17 thru 22) 14,302,124 268,193 24 C. Hydraulic Production Plant 25 (330) Land and Land Rights 0 26 (331) Structures and I mrovements 0 27 (332) Reservoirs, Dams, and Waterways 0 28 (333) Water Wheets, Turbines, and Generators 0 29 (334) Accessory Electric Equipnent 0 30 (335) Misc. Power Plant Equipment 0 31 (336) Roads, Railroads, and Bridges 0 32 TOTAL Hydraulic Production Plant (Enter Total of lines 25 thru 31) 0 0 33 0. Other Production Plant 34 (340) Land and Land Rights 0 35 (341) Structures and improvements 0 36 (342) Fuel Holders, Products and Accessorter 0 37 (343) Prime Movers 0 38 (344) Generators 0 39 (345) Accessory Electric Equipment 0 Page 204

)

i

NORTHEAST NUCLEAR ENERGY COMPANY An original. Pec. 31, 1988 ELECTRIC PLANT IN SERVICE (Accounts 101, 102, 103, and 106) (Continued) '

6. Show in column (f) reclassifications or transfers showing subaccount classification of such plant within utility plant accounts. Include also in colunn conforming to the requirements of these pages.

(f) the additions or reductions of primary account 8. For each amount comprising the reported classifications arising from distribution of amounts balance and changes in Account 102, state the initially recorded in Account 102. In showing the property purchased or sold, name of vendor or clearance of Account 102, include in column (e) the purchaser, and date of transaction. If pro.

amounts with respect to accumJtated provision for posed journal entries have been filed with depreciation, acquisition adjustments, etc., and the Consnission as required by the Uniform show in colunn (f) only the of fset to the debits System of Accounts, give also date of such'

. or credits distributed in colunn (f) to primary filing, account classifications. . .

7. For Account 399, state the nature and use of plant included in this account and if substant-let in amount submit a supplementary statement Balance at Retirements Adjustments Transfers End of Year Line (d) (e) (f) (g) No.

1 SO (301) 2 0 (302) 3 0 (303) 4 0 0 0 0 5 6

7 0 (310) 8 0 (311) 9 0 (312) 10 0 (313) 11 0 (314) 12 0 (315) 13 0 (316) 14 0 0 0 0 15 16 0 (320) 17 36,648 11,574,212 (321) 18 12,000 (322) 19 0 (323) 20 26,767 (324) 21 2,920,690 (325) 22 36,648 0 0 14,533,669 23 24 0 (330) 25 0 (331) 26 0 (332) 27 0 (333) 28 0 (334) 29 0 (335) 30 0 (336) 31 0 0 0 0 32 33 0 (340) 34 0 (341) 35 0 (342) 36 0 (343) 37 0 (344) 38 0 (345) 39 Page 205 I .

i i

l

_ - _ - _ _ - - - _ _ _ _ = _ _ _ _ _ _

i i

. NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31i 1988 l

ELECTRIC PLANT IN SERVICE (Accounts 101, 102, 103, 106)

Salance at Lin9- Account Beginning of Year Additions No. .(a) (b) (c) 60 (346) Misc. Power Plant Equipment 0 41 TOTAL Other Producticn Plant (Enter Total of lines 34 thru 40) 0 0

<62 TOTAL Production Plant (Enter Total of lines 15, 23, 32, and 41) 14,302,124 268,193

, 43 3. TRANSMIS$10N PLANT 66 (350) Land and Land Rights 0

• "65-(352) Structures and improvements 0 546 (353) Station Equipment 0

.67 (354) Towers ed Fixtures 0

.48 (355) Poles and Flatures 0 49 (356) Overhead Conductors and Devices 0 50 (357) Underground Conduit. .

0 31 (358) Underground Condnetors and Devices' O 52 (359) Roads and Trails . 0 53 TOTAL Transmission Plant (Enter Total of lines 44 thru 52) 0 0 56 .

4. DISTRIBUTION PLANT 55 (360) Land and Land Rights 0 56 (361) Structures and Impr-ovements 0 5F (362) Station Equipment 0 58 (363) Storage Battery E w ipment 0 59 Towers, a d Fixtures 0 60 (364)

(365) Overhea Poles, d Conductors and Devices ' O 61- (366) Underground conduit 0

~62 (367) Underground conductors and Devices 0 63 (368) Line Transformers 0 64 (369) Services. 0 65 (370) Meters 0 66 (371) Installations on Custoner Premises 0 67 (372) Leased Pr e rty on Customer Premises 0 68 (373) Street Lighting and signal Systems 0 69 TOTAL Distribution Plant (Enter Total of lines 55 thru 68) 0 0 FO 5. GENERAL PLANT F1 (389) Land and Land Rights _ 0 F2 (390) Structures and improvements 0 73 (391) Of fice Furniture and Equipment 822,088 13,149 74 (392) Transportation Equipment ' O F5 (393) Stores Equipment 0 70 (394) Tools, Shop and Garage Equipment 0 77 (395) Laboratory Equipt 0 78 (396) Power Operated Equipment 0 F9 (397) Communication Equipment 0 80 (398) Miscellaneous Equipt 0 81 SU8 TOTAL (Enter Total of lines 71 thru 80)- 822,088 13,149 82 (399) Other Tangible Property 0 G3 TOTAL General Plant (Enter Total of lines 81 and 82) 822 13 149 84 TOTAL (Accounts 101 and 106) 15,124,088

,212 281,342 85 (102) Electric Plant Purchased -0 G6 (Less) (102) Electric Plant Sold 87 (103) Experimental Plant Unclassified 0 88 TOTAL Electric Plant in Service 15,.24,212 S281,342 Page 206 l

1

' NORTHEAST NUCLEAR ENERGY COMPANT- . An Original Dec. 31, 1988 ELECTRIC PLANT IN SERVICE (Accounts 101, 102, 103, and 106) (Continued)

Betance at Retirements Adjustments . Transfers .End of Year . Line (d) (e) (f) (g) No.

0 0 0 0 41 36,648 0 0 14,533,669 42 43 0 (350) 44 0 (352) 45 0 (353) 46 0 (354) 47 0 (355) 48 0 (356) 49 0 (357) 50 3 (358) 51 0 (359) 52 0 0 0 0 53 54 0 (360) ' 55 0 (361) 56 0 (362) 57 0 (363) 58 0 (364) 59 0 (365) 60 0 (366) 61 0 (367) 62 0 (368) 63 0 (369) 64 0 (370) 65 0 (371) 66 0 (372) 67 0 (373) 68 0 0 0 0 69 70 0 (389) 71 0 (390) 72 835,237 (391) 73 0 (392) 74 0 (393) 75 0 (394) 76 0 (395) 77 0 (3%) 78 0 (397) 79 0 (398) 80 0 0 0 835,237 81 0 (399) 82 0 0 0 835 237 83 36,648 0 0 15,368,906 , 84 0 (102) 85 86 0 (103) 87

$36,648 $0 $0 15,368,906 88 Page 207 I

I l

I I

l l

1

-._..x. - - . _ . - - - . _ _ _ ___-_..---.__n_. - _ _ . _ - - _ _ _ - - - - - - - - - _ - - . . _ _ - . _ _ - - - -

0 0 9 9 8 3, 3, 8 0 0

)T/ 1 1 DE1

( N3

/

2 1

S T 8 8 N 8S 4 4 E 8T 6, 6, M /N E 1 U 6 6 R 3O 3 3 I /M T 2A E 1 R

) )

F 8 8 O 5 5 7S 2, 2, L8T A/N 6 6 S1 U 2 2 R3O ( (

E/M V2A E1 R

) ) )

50 4 9 80 5 3 8 1, 0, 0, 2, 8

)T / 22 5 5 D CE1 51 5 9 E ( N3 I / 0, 3

( 3, Y F 2 0 0 NI 1 1 1 AS ( (

PSY MAT OLR 20 1 3 CCE8 1 0 9 0 P8 N 1, 0, 8, YT O9 O 8E 6, GOR 1 I 8C 82 8 8 RNP T /N 01 0 2 C 0, E

NNC1 U

1 A 3L 9, 9, EOI 3 R / A 2 1 3 I R T 2B RTTR S 1 ACCE N EUEB O LRL M C CT EE ) ) )

US C 7 5 2 NN - E F 9 4 4 O D O 2, 7, 0, TC6 ,

' EC S 0 0 3 4 AD1 ' 4, N 6 6 2 EE S1 A 0, H T T R3L 2, 3, T EN E/A 2 2 4 RL U V2B 1 ( 1 OPO E1 ( (

NMC R OC CA S

R S O R T O A T T R N A T E A R N SN L E T A YE P N N L AG S E T A T P M T E N S G NT L S NT SRDNT G O T E N P T E N N T T EN E ND I N N ME N ME O N NT AMEI T E E N T E PM A EA PMR C M V IPMP O N MT P I

T L MW ,I PB U T ETI UI I A E N IUI C P E SUI D N VNR QU T L VE QU U VDEQUD O ASOE DSEQ C PSOMSEQ D NSONNEQN R LT RM T E U T RPT E O OTR AI EA P PHPPEI C D NHPI I C R I H P BC GMI NNI T O OGMUNI T P TGM ,R I T , C T UI URN R QURN N

A NI I OR QG DENRCL TA P I I T

C R I E D RCL TA R A

UR CI D

I MT DA SURNST AD CL A I

L U

L P

I T DN CN AT EOEP T L M

A UDN T OEP DNANT L E ODN D SL

,EPO R

A R

L R NA UA N DAER E OA AAER C PA ,L ERL D N DLSANR E T RLSLR E U LSSE EI Y O O EL AEYW S P E PE Y W N C E RE Y WA H I

RDRP N RO DR N RO I DRI H ROR T PN U SEOP L R NURE OP L L NUOWOP L C AT REGS A AAT OGS A UAT V S , A E U M CEN0S . T E CT 0S . T A CRRS .S T L D ADULI BEC O L DUCBEC O RDUEEECD O T O ENRI GRCS T CNR AR CS T DNRST CSA T I R T AT ONUCI UAT EUCI YAT EACI O T P SLSBETAM NL SRT AM HLSRW aM R T

NR UE OB CM 01 23456 01 2345 01 23456 CU 1 1 1 1 1 1 1 222222 3333333 AN 3333333 333333 3333333 N3>

E?

l

n O

St>

-=m N

O E" >$$

• e e

=

0 n

w EO

s. N

1. R . 4 Om n-~ g SWE m  ;

E N

-: i Ug S l 80, s gw-

~W 82- *.  ;

W u .: 8 E5 " t E" 5 si 405

$$2 "5 "

y'eE o n

8

1. 8 mQ5e J j 5- 535 M  ;

5; J \

gg 3

."Eua N

Qu - >

[

8

. l'

. . .E.

l

- e e was g - g5E yE8 EWG e'G

< - i -

i Mo t 2 5 o -

$5 o '5m - r g5 E"E g!- g i 5 E WBa i 5sn 5  !

J g 9 . t 5 gu9 . sus t u.5-

!8s- z mo s . _:< s -sa e: 8 ge ta u

as a e sr m -ts m ssus=Es 8a gets- t-so!sH:

-z 898< 8 s

- o" c5 - _3 e2 m o

9:_g:=9.sggr 8:= e asma. -

sa m2 w s e: e  :

5- s' = N- 5a 5.so"890 .5e og=uasggm 58= = 5!5.8El a<mss 9< w _gow-=

"a o . 5u.l" . - w's

" 5- !,g sgE

,==us,8 88

<as. mass 8sse=.emso-ara ae e mesmweg'a a e o8:- =

=msesse s-t 5"58&5ut o5.. .. - s a 555E="=s="=s$

... e s -

s e s 2a.5..g="=s=99*5-255 om.5-e com r-m.

=

W U 4 N

<= AAAmmmm mmmAmmmmm 6

$mmnd% mmmmmmmmm 207B 1

l

=

0 =

9 =

8 3, 8 0

)T/ 1 DE1

( N3

/ =

2 =

1 =

=

=

=

S =

T 8 =

N 8S 4 =

E 8T M /N 6,==

E 1 U 6 =

R 3O 3 =

I /M =

T 2A =

E 1 =

R =

) =

F 8 =

O 5 =

7S L8T 2, ==

A/N 6 =

S1 U 2 =

R3O ( =

E/M =

V2A =

E1 =

R =

=

) ) ) )

7 7 7 6 5 6 6 0 8

8 2, 2, 2, 5,

)T/ 5 5 5 0 D CE1 0 0 0 0 E ( N3 8 I / (

8

(

8

( 2, -

YF 2 1 =

NI 1 1 =

AS (

P S Y MAT OLR 1 1 1 4 CCE8 2 2 2 2 Y T O9 P8 N C 8E 8, 8, 8, 6, GOR 1  ! 8C 6 6 5 R NP T /N 1 16 1 4 C 1 A E

9, NNC1 U 3L EOI 3 R /A 3 I R T 2B =

RT TR S 1 =

ACCE N =

EUEB O =

LRLM C

)

=

CT EE ) ) ) =

US C 8 8 8 0 =

NN - E F 8 8 8 3 =

O D O 0, 0, 0, 1, =

TC6 7E =

S 0 L8C 2 2 2 6 =

AD1 A/N 2 2 2 4 =

EE S1 A 8 8 8 =

H T T R3L ( ( ( 1, =

T EN E/A 5 =

L U V2B 1 =

C' P O E1 ( =

NMC R =

OC =

CA =

T N

T E N M E P SM I T P U N1 Q E f T t E T MQN NT T Y E EE E E NN T V M G ME E R T SODP ATPMM E N T R NI R NI PP P A 6 H PAU AEUI I O L 0 GM Q GMQUU R P 1 EET PEQQ P R DUNEN I R UD I

NDI EE L T E A N T

N DNTOMAQENS L R U NAI I P ET OU E O A A NT I P AI O IB N C L LSR AUOYRT E L G E C P EUT QHREAN A N G A DRF RESOPCA T A L N U 0 ,T OINL L O T L L A AT E eS A T A A E R CC sESRRUE B R T T L E DUI N RLOE MC U E O O T N NRF AOOBWMS S H T T I E AT F RT OAOOI T T G LSOTST LPCM O T

NR UE OG C f 901 2345678 9 CU 8999999999 9 AN 3333333333 3 goy

l.,

'An Original Dec. 31,1988 NORTHEA$f NUCLEAR ENERGY COMPANY CONSTRUCTION WORK IN PROGRESS-ELECTRIC (Account 107)-

Demonstration (see Account 107 of the Uniform System of Ac.

- 1. Report below descriptions and balances at end of year of projects In process of construction (107).  : counts).

3. Minor projects (5% of the Balance End of the Year for

'2. Show Itams relating to "research, development, and demonstration u Account 107 or $100,000, whichever is less) may be grouped.

fprojects last, under a caption Research, Development, and

.................................................................................................................................. Construction Work Estimated in Progress . Additional Cost'

. Description of Project Electric (Account 107) Of Project

................................................................................................................................... $1,015,390 1 . PLANT PROCESS COMPUTER FOR THE MP1 SIMULATOR' 3,642,664 2 . NUCLEAR PRODUCTION (38 ITEMS) 3.

6.

.5.

6.

7.

9.

10 .

11 .

12 .

13 .

14 .

15 .

16 .

17 .

18 .

19 .

20 .

'81 .

22 .

23 .

26 .

25 .

26 .

27 .

28 .

29 .

30 .

31 .

32 .

33 .

35 .

35 .

36 .

37 .

38 .

39 .

40 .

41 .

42 .

43 .

44 .

45 . $4,658,054 46 . TOTAL Page 216 1

'NOJTHEAST NUCLEAR ENERGY COMPAN) An Original Dec. 31, 1988 CONSTRUCf!ON DVERHEADS ELECTRIC

1. List in colonri (a) the kinds of overheads according to overhead soportionments are made, but rather should explain on page 218 the titles used by the respondent. Charges ior outside pro- accounting procedures employed and the amounts of engineering, supervision fessional services for engineering fees and management and administrative costs, etc. which are directly charged to construction, or supervision fees capitalfred should be shown as 4. Enter on this page engineer lng, supervision, administrative, and alj o-siparate items, wance for funds used during construction, etc., which are first assigned

2. On page 218 furnish information concerning construc- to a ble-1ket work order and then prorated to construction jobs.

tion overheads.

3..................................

A respondent should not report ".none"...to .... .... this page if no Total Amount Description of Overhead Charged for the Ye6r 1 ,

2 Payroll Overheads 67,530 3

4 Engineering and Supervision Deerheads 1,568,754 5

6 7

8 ,

9 10 l 11  ;

12 13 14 1 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 51 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 TOTAL 1,656,284 Page 217

?

I l

NC27HEAST. NUCLEAR ENERGY COMPACY An Original Dec. 31, 1988 l

GENERAL DESCRIPT!DN OF CONSTRUCTION OVERHEAD PROCEDURE I

1. For each construction overhead explain: (a) the nature and 2. Show below the computation of allowance for funds used '

extent of work etc (b)thegeneralproc.,theoverheadchargesareintendedtocover, edure for determining the amount capitalized, during construction of Electric rates, ions 3 (17) of the U.S. of A.in accordance with Plant instruct 1 j

(c) the method of distribution to construction jobs, (d) whether show  !

dif ferent rates are applied to dif f erent types of construction, 3.Whereanet-of.taxrateforborrowedfundsisusedlonsbe-the appropriate tax effect adjustment to the computat i (e) basis of dif ferentiation in rates for dif ferent types of con- low in a manner that clearly indicates the amount of reduction l struction, and (f) whether the overhead is directly or indirectly in the gross rate for tax effects. j assigned. j

................................................................................................................................... i l

1 l

COMPUTATION OF ALLOWANCE FOR FUNDS USED. DURING CONSTRUCT!DN RATE.S column (d) below enter the rate granted in the last rate For line 1(5)If such is not avallable, use the average rate earned during proceeding.

the preceding three years

1. Components of Formula (Derived from actual book balances and actual cost rates):

Capitalization Cost Rate Line Title Amount Ratio (PercerJ) Percentage No. (a) (b)

(c) (d)

(1) Average Short Term Debt S (2) Short-Term interest s i (3) L W Term Debt D d 4 (4) Preferred Stock P p (5) Common Equity C c (6) Total Capitalization 100% )

(7) Average Construction Work i in P

.................rogress Balance W {

........................................................................... j

. 2. Gross Rate for Borrowed funds S D S NOT s(*)+d(---.-) (1--) APPLICABLE W D+P+C W i

3. Rate for Other Funds S P C L1--] Lp(0+P+C. ---)+c(-.-.-)]

W

......................................................D.+.P+C........................................................................

4. Weighted Average Rate Actually Used for the Years

a. Rate for Borrowed Funds -

b. Rate for Other Funds -

Page 218 i i

i i

l i l

l NO2THEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 ACCUMULATED PROVISION FOR DEPRECIATION OF ELECTRIC UTILITY PLANT (Account 108)

1. Explain in a footnote any important adjustments dur- the respondent has a significant amount of plant retired at ing year. year end which has not been recorded and/or classified to

2. Explain in a footnote any difference between the the various reserve functional classifications, make raount for book cost of plant retired, line 11, coltann (c), preliminary closing entries to tentatively functionallre the and that reported for electric plant in service, pages 204- book cost of the plant retired, in addition, include all costs 207, column (d), excluding retirements of non-depreciable included in retirement work in progress at year end in the property, appropriate functional classifications.

3. The provisions of Account 108 in the Uniform System 4. Show separately interest credits under a sinking fund of Accounts require that retirements of depreciable plant of similar method of depreciation accounting.

be recorded what such plant is removed f rom service. If I Section A. Balances and Changes During Year Line item Total Electric Plant in Electric Plant Held Electric Plant Leased No. (c+d+e) Service for Future Use to Others (a) (b) (c) (d) (e)

1. Salance Beginning of Year 1,675,015 1,675,015

2. Depreciation Provisions inr Year, Charged to l 3. (403) Depreciation Expense 519,905 519,905 4 (413) Exp. of Elec. plt. Leas. to Others - -

5. Transportation Expensta-Clearing - -

6. Other Clearing Accounts 639,757 639,757

7. Other Accounts (Specify): - -

8.

9. TOTAL Deprec. Prov. for Year (Entar 1,159,662 1,159,662 Total of lines 3 thru 8)

10. Net Charges for Plant Retired:

11. Book Cost of Plant Retired 36,648 36,648

12. Cost of Removal (7,856) (7,856)

13. Salvage (Credit) 0 0

14. TOTAL Net Chrgs for Plant Ret. 28,792 28,792 (Enter Total of lines 11 thru 13)

15. Other Debit of Credit Items (Describe) 0 0

16. Correct Prior Years' Retirement 26,259 26,259

17. Balance End of Tear (Enter Total of -- --- = -- - -- ------ -- --- - ------- --------- ~~---- --.... .. . .

Lines 1, 9, 14, 15, and 16) 2,832,144 2,832,144 Section B. Balances at End of Year According to functional Classifications

18. Steam Productio, - -

19. Nuclear Production 2,701,081 2,701,081

20. Hydraulic Production - Conventional - -

21. Hydraulic Production - Pumped Storage - -

22. Other Production - -

23. Transmission - -

24. Distribution -

25. General 131,063 13'.,063

26. TOTAL (Enter Total of lines 18 thru 25) j 2,632,144l 2,832,144l l i

l Page 219 l

l l

l l

l

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 MATERIALS AND SUPPLIES

1. For Account 154, report the amount of plant materials and operating supplies under the primary functional classifications as indicated in column (a); estimates of amounts by function are acceptable. In colunn (d),

designate the department or departments which use the class of material.

2. Give an explanation of important inventory adjustments during year (on a supplemental page) showing general classes of material and supplies and the various accounts (operating expense, clearing accounts, plant, etc.) affected - debiteJ or credited. Show separately debits or credits to stores expense-clearing, if applicable.

Balance - Department or j Line Account Beginning of Balance Departments '

No. Year End of Year Which Use Material (a) (b) (c) (d) 1 Fuel Stock (Account 151) 2 Fuel Stock Expenses Undistributed (Account 152) 3 Residuals and Extracted Products (Account 153) 4 Plant Materials and Operating Supplies (Account 154) 5 Assigned to - Construction (Estimated) 6 Assigned to

• Operations and Maintenance 7 Production Plant (Estimated) 50,935,618 49,745,978 Electric 8 Transmission Plant (Estimated) 388,609 597,519 Electric 9 Distribution Plant (Estimated) 10 Assigned to - Other 61,817 100,140 Electric 11 TOTAL Account 154 (Enter Total of lines 5 thru 10) 51,386,044 50,443,637 12 Merchandise (Account 155) 13 Other Materials and Supplies (Account 156) 14 Nuclear Materials Held for Sale (Account 157) (Not applicable to Gas Utilities) 15 Stores Expense Undistributed (Account 163) 228,962 151,901 Electric 16 17 18 19 20 TOTAL Materlats and Supplies (per Balance Sheet) $51,615,006 $50,595,538

======== =====.==

l Page 227  !

i

An Original Dec. 31, 1988 NORTHEAST NUCLEAR ENERGY COMPANY MISCELLANEOUS DEFERRED DEBITS (Account 186)

1. Report below the particulars (details) called for 3. Minor items (1% of the Betance at End of Year for Account concerning miscellaneous deferred debits. 186 or amounts less than $50,000, whichever is less) may be

2. For any deferred debit being amortized, show period grouped by classes.

of amortization in column (a).

Balance at CREDITS Beginning - ----- ----- - ----.-.... . - natance Description of Miscellaneous Account Charged Amount End of Year Deferred Debit of Year Debits (a) (b) (c) (d) (e) (f) 1 1 Millstone Unit No. 3 - Fuel Receivable 3,631,193 -

146 3,631,193 0 2 (Gulf) (Associated Companies) 3 4 Millstone Unit No. 3 - Fuel Receivable 143 1,940,557 0 5 (Gulf) (Non Associated Companies) 1,940,557 -

6 5,421,934 1,350 Miscellaneous Work in Progress 133,352 5,289,932 VARIOUS 7

8 15,098 VARIOUS 26,157 33,173 9 Waterford Sewer Assessment 44,232 10 11 Deferred Insurance Premium - 10,824 10,824 - -

12 (xL Ins. Co. LTD.)

13 14 Other Miscellaneous Deferred Debits 1,836,372 VARIOUS 1,836,903 4,797 15 (5 items) 5,328 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 - - --- ------ ---------- - -- --------------- - - - -- - - ---~~---- - --

41 7,141,402 12,856,744 50,144 42 TOTAL 5,765,486

.........................................................................................=.........

Page 233

NORTHEA$f NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 CAPITAL STOCK ( Accounts 201 and 204)

1. Report below the particulars (detalts) catted for con- ing, a specific reference to report form (i.e. year and company corning common and preferred stock at end of year, disting- title) may be reported in column (a) provided the fiscal years uishing separate series of any general class. Show separate for both the 10 K report and this report are compatible.

totals for common and preferred stock. If information to 2. Entries in column (b) should represent the no. of shares auth-meet the stock exchange reporting requirement outlined in orized by the articles of Incorp. as amended to end of year.

column (a) is avaltable from the SEC 10 K Report Form fit. 3. Give particulars (details) concerning shares of any class and s Number Par of Shares or Stated Call Class and Series of Stock and Authorized Value Price at Line Name of Stock Exchange by Charter Per Share End of Year No. (a) (b) (c) (d) 1 COMMON STOCK (Account 201) 2 3 Common Stock

• 60,000 $10.00 .

4 5 Total Account 201 60,000 xxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxx 6 ========================= ========================= ====================

7 8

9 10 PREFERRED STOCK (Account 204) NONE gj ........................... .

12 13 14 15 16 1 17 18 19 l 20 21

.22

• All Comen Stock is held by Northeast 23 Utilities and is not traded on any 24 stock exchange.

25 26 27 28 29 30 31 l 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 Page 250 1

1 1

l

NORTHEAST NUCLEAR ENERGY COMPANY An original Dec. 31, 1988 CAPITAL STOCK (Accounts 201 and 204) (Continued) series of stock authorized to be issued by a regu- has been nominally issued is nominally outstanding at latory commission which have not yet been issued. end of year.

4. The identification of each class of preferred 6. Give particulars (details) in column (a) of any nomin.

stock should show the dividend rate and whether ally issued capital stock, reacquired stock, or stock in the dividends are cumulative or noncumulative. sinking and other funds which is pledged, stating name of  ;

5. State in a footnote if any capital stock which pledgee and purposes of pledge. j

.............................................................................................................. 1 Outstanding Per Held by Respondent Balance Sheet As Reacquired Stock ( Account 217) In Sinking and Other funds Shares Amount Shares Cost Shares Amount Line (e) (f) (g) (h) (i) (j) No.

1 2

1,500 $15,000 NONE NONE 3

................. ................. ....... ......... ................ ............... ............... 4 1,500 $15,000 xxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx XXXXXXXXXXXXXXX xxxxxxxxxxxxxxx 5 maassessassasssas ssasssssssssssssa essssssammazzass: sasazzassasssssa ===ssssssssssas asassasassass== 6 7

8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24  !

25 26 27 .

28 29 30 31 32 33 34 35 36 37 i 38  !

39 l 40 41 42 43 44 45 46 47 48 Page 251

i t

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 OTHER PAID IN CAPITAL (Accounts 208 211 I nc. )

Report below the balance at the end of the year and the informatio,n specified below for the

. respective other paid in capital accounts. Provide a subheading for each account and show a total

for the account, as well as total of all accounts for reconciliation with balance sheet, page 112.

Add more columns for any account if deemed necessary. Explain changes made in any account during the year and give the account entries ef fecting such change.

(a) Donations Received from Stockholders (Account 208) - State amount and give brief explanation of the origin and purpose of each donation.

(b) Reduction in Par or Stated Value of Capital Stock (Account 209) State' amount and give brief explanation of the capital changes which gave rise to amounts reported under this caption including identification with the class and series of stock to which related.

(c) Gain on Resale or Cancellation of Reacquired Capital Stock (Account 210) Report balance at beginning each creditof year, and de bit identified by the class and series of stock to which related. credits, debits, and balance at end of yea (d) Miscellaneous Paid in Capital (Account 211) Classify amounts included in this account according to captions which, together with brief explanations, disclose the general nature of the transactions which gave rise to the reported amounts.

Line. It en Amount No. (a) (b) 1 Donations Received from--Stockholders (Account 208) 2 -- -- - - - -

3 NONE 4 -

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

6 --- * -- -- --- ----- --- - - - *-- --- -- ---

l 7 NONE 8

9 Cain on Resale or Cancellation of Reacquired Capital Stock (Account 210)

-- - **= - -- ----------- - ----- -- ---- -----

10 - -- - - -

11 ' NONE 12 ,

13 Miscellaneous Paid In Capital (Account 211) '

14*==*---------------

- 15 No activity during the year $15,350,000 16 17 18

- 19 20 l 21 22 23

' 24 25 26 27 28 129 30 : -- ---- -

31 32 TOTAL $15,350,000

===

33 Page 253 l

1

l l

NORTHIAST NUCLIAR INIRGY COMPANT AnOriginal Dec.31,1986 LONGTERNDIBT{ Accounts 221,222,223,and224)

1. Report by balance sheet the account particulars suchcertificateswereissued. 1 '

6. In colusa (b) debt originally issued.shcwtheprincipalas:U otherlcngters Asscelated,cczpanies, 221, Sends 222, Reac and 224, Other Lengquired Ters Debt. Bends, 223, Advances fres(details) conce 7.Incoluza(c)showtheexpense,presiusordisecant

2. In colusa a crization ausb(er)s, and dates,for new issues. give 00:3188100 auth- with respect to the aucunt of bends er cii debtcriginallyissued.

3.Forbondsassusedbytherespondent,includeincol- 8.Forecluanic)thetotalexpensesshouldbelisted '

usa (a)thenaseoftheissuingcespanyaswellasa first for each issuance, then the ascunt of premius (in descriptionofthebonds, parentheses)ordiscount. Indicate the prenius or dis-

4. For advances fres Associated Ccapanies, report separ- count with a notation such as (P) cr 101. The expenses, ately advances en notes and advances on open acccunts, premiumordiscountshouldnotbenetted.

Designatedesandnotesassuch.Includeincolusala) 9.Furnishinafcctnoteparticulars(detailsiregarding nasesofassociatedcespaniesfromwhichadvanceswere the treatment of unanorti:ed debt expense prenius er received, discountassociatedwithissuesredeemedbringtheyear.  ;

5.Forreceivers' certificates,showinecluanfa)the Also, give in a footnote the date of the Consission's name of the court and date of court order under which autheri:atica of treatment other than as specified by the ClassandSeriesofObligati0n,CouponRate l IFor new issue, give Ccasission Principal As0ur. TotalExpense Line Authorizatier. rusters and dates) cfLebtIssted Premium er 01secunt No. (a) lb) (c) 1lBcads(Account 221) I l l 2 l }  ;

3 NONI .

4 l }

5 ReacquiredScads(Account 222) 1 6 - -- - -- l }

7 NONE I J 8 l l q 9 AdvancesFrcsAssociatedCospanies(Account 223) 10 ................................................ l 11 NONE I 1

12 13 l OtherLongTersDebt(Acccunt224) i I i 14 ' - - - - - - - 1 1

15 8.31% Prudential Insurance Ccapany of Aserica 16 L'osecured Ters Note 1 15,000.000 17 '

34,103 (I) l 18 TownofWaterfordSewerAssesszent(5.21%) l 226,000 19l 20 21 , l' 22 l 23 i r i l 24 l l l 25 26 27 i 28 29 30 1 1 31 l l 32 1.- ..... .. . ....... ...... ..-..... .. .. ..-. .....

33 , TOT;/ 15,226,000 34,803 Page 256 l

/

1 l

l l

_ _ _ _ - - - _ - - _ _ _ _,_________a.

- NORTHIAST NUCl,IAR INERGy COMPANY. AnOriginal Dec.31,1988 LONGTIRNDIBT(Accounts 221,222,223,and224)(Continued)

UniforeSystesofAccounts, includingnameofpledgeeandpurposeofthepledge, 10.Identlfyseparateundisposedamountsapplicableto 14. If the respondent has any long ters debt securities issueswhieftwereredeemedinprioryears, whichhavebeennominallyissuedandarenominally

11. Explain any debits and credits other than anottiza- outstandingatendofyear,describesuchsecuritles tion debited to Account 428 Ascrtization of Debt Dis- in a f30tnote, countandExpense,orcredikedtoAccount(29,Anortiza- 15.Ifinterestexpensewasincurredduringtheyear tica of Presius on Debt Credit, enanyobligationsretiredorreacquiredbeforeend.

12,Inasuplesentalstatesent, Iveexlanatorypar- ear include such interest expense in colcan (1 ticulars(defalls)forAccounts23andf24ofnet offain,inafootnoteanydifferencebetweenthetobl Exp of coluan li) and the total of Account 427 Interest-changesdurinforeachcespany:the vances,show year. With respect on 1,ongtoTers longDebtters and ad-Account 430, Interes( en Debt l during year (b) interest added(a) to principaldadvanced toAssociatedCospanies.

(c)principilrepaidduring concerninganylong-orizationausbersanddates, 17e concission year.$rincipalamount,an auth-16.Giveparticulars(details)latoryconsissionbut tersdebtauthorizedbyaregu 13.Iftherespondenthaspledgedanyofitslongters not yet issued.

debtsecuritiesgiveparticulars(details)inafootnote i

Outstanding (Total AMORTIZATIONPERIOD amountoutstanding

.................................... w1theut redact 10o NominalDate Date for amounts held Interestforfear ofIssue ofNaturity Date Fros Date To byrespondent) Asount Line (d) (el (f) (g) (n) (1) No.

1 I l 2 l l 3 1 4 1 5 ,

1 6

l 7 1 1 8 i 9 1 10 l 11  :

l l l l 12  !

^

i l

13 l ,

14 l 15 i 12/86 1 12/92 12/86 i 12/92 15.000,000 1,246,500! 16 17 08/91 169,500 7,886 18  ;

08/87 08/91 08/87 l 19 l

-20 l 21 i

l ' 22 l l 23 l 24 l 25 l l 26 l 27 1 28l

,l 29 '

30 '

l l 31

.................... ..................1 31 l l l 1 I 15,169,500 1 1,254,386 1 33 i

...................................................l................1 l

l Page257

h l:

~

NORTHEAST NUCLEAR ENERGY COMPANY- An original Dec. 31, 1988 RECONCILIATE!QN OF REPORTED NET INCOME WITH TAXABLE INCOME FOR FEDERAL INCOME TAXES

1. Report.the reconciliation of reported net income for the year with taxable income used in computing Federal income tax accruals and show computation of such tax accruals. Include in the reconciliation, as far as practicable, the same detail as furnished on Schedule M 1 of the tax return for the year. Submit a reconciliation even though there is no taxable income for the year. Indicate clearly the nature of each recon

• citing amount.

2, if the utility is a'menber of a group which files a consolidated

. Federal tax return, reconcile reported net income with taxable net income as if a separate return were to be filed, Indicating, however, intercompany amounts to be eliminated in such a consolidated return. State names of l group menbers, tax assigned to each group member, and baMs of allocation, L assignment, or sharing of the consolidated tax among the group members.

I 3. A substitute page, designed to meet a particular need of a company,.

l- may be used as long as the data is consistent and meets the requirements of the above instructions.

Line- Particulars (Details) Amount No ' (a) (b) 1 Net Income for the Year (Page 117) 2,413,912 2 Reconciling Items for the Year 3 Federal Income Tax- 64,579 4' Taxable income Not Reported on Books 5-7 8

9 Deductions Recorded on Books Not Deducted for Return 10 Deferred Federal - State Income Taxes 2,140,927 11 Additional Property Taxes 42,115 12 Additional Pension Costs 2,799,795 13 Income Recorded on Books Not included in Return 14 Long Term Disability 123,105-15 Meal Expense 66,094

'16 Misc. ( 5,585) 17 18 19 Deductions on Return Not Charged Against Book Income 20 Additional Tax Depreciation ( 7,443,960)

.21 Construction overheads ( 11,044) ,

22 23 24 25 26 --- - -- ---

27 federal Tax Net income 189,938 28 Show Computation of Tax:

29 Federat Income Tax a 34 % 64,579 30 Investment Tax credit -

31 Federal Income Tax (Line 12 Page 114) 64,579 32 33 34 35 See Notes to Financial Statements beginning on page 122 36 37 (Continued on Page 261A)

Page 261

__ _ _ m.____m._ _. _ _ _ _ .

)

-Annual Report of NORTHEAST NUCLEAR ENERGY COMPANY L~ Year Ended December 31, 1988' Reconciliation of Reported Net Income With Taxable Income f

for Federal Income Taxes (Continued)

This Company is a member of an affiliated group, Northeast Utilities, which will file a 1988 consolidated Federal Income Tax return.on or before September 15, 1989.

Members of the affiliated group are:

Northeast Utilities (parent company)

The Connecticut Light and. Power Company Research Park, Incorporated Western Massachusetts Electric Company The Quinnehtuk Company Holyoke Water Power Company Holyoke Power and Electric Company Northeast Nuclear Energy Company The Rocky River Realty Company Northeast Utilities Service Company Federal income tax is allocated on the basis of each member's contribution to consolidated taxable income.- Under this allocation, none of the members is chargedLwith an income tax greater than it would have paid had it filed its return-on an individual basis, i

261A

X3RTHEAST N'JCLEAR INER1Y C3PANY AnOrigital tec. 31, 1988 TAIIS ACCRUED, PRIPAID AND CHARGED WRING YIAR 1, 317eparti:alarsIdetails}cftheceabir,ed- Thebalancin;cfthispageisnotaffe:tedbythe a:crued tat accounts and shcw *he tctal taxes argedto chrepaid and and 'e).in:lusiencftheeta gerationsandothera:c:tntsduringtheyear,Jonotin- 3. In:!ude in cofusa (xes,d) taxes charged krir' the year, clude cas:11ne and cther sales taxes khich have been taxes charge'l to operaticas and other accxd, s thrc;E bl a) charged to the a: counts to which 'he taxed saterial was ata=ts: red.ted charced.Ifthearttalorestimatedaruntsofsu:htaxes a::ruals te pro credited to taxes accrued, (b)ble to ctrrent year, are how:, sh;w th> as unts in a fu tncte and des 1;nate and (cfcrtions of precaid taxes charfeataxes paid an8 charged whether estigated er a:t:al cents aucttts other than acerted and prepaid tax a:ccunts. -,

. In:lude = this 4. List the a thatthet:tal;!re; I chargednite:ttcf:pa~e,taxespaidtrin;theyearar.dnalacec.nts,inctchargedtoprepaid ax ate:fea:hkindcftaxinsuchsanner fcr each State and subdiv;sien can read- i cr a:crued

• axis). Etter the aunts :n b:th c ltns (dl 11 i

............................................................. 7..he ascertained ........................................................

BA1.ANCE AT !!"!NNING 0! YEAR

!(ind ! Tat Taxes Char;ed Pald Line (see instra:t' = 5) TaxesA:: rued PrepaidTaxes Iurin Year Durina Year Ad)tstrents I:)

~

Nc, la! (b) !51 (e!  !!!  !

1 I federa'. Taxes

• I I i 1 2 'Jtesf cy:ent 1997 753 1

' m- l 3 Des;[cyzent 1988 l 0 i  !!,889 93.154 ' '

4 5: FICA -

1987 14,E85 14 335 : I 6i FICA -

1993 0- l 5,103,828! 5,087,,153 1

,f  ! )

7{

5 Ine::e (173,055) 64,579j 505,133l l 9l I

(

10 I 31chway 'se J 1985 1 0  ; 1,100 1,10:l l 11I t 12 1986 l 2)52{i l

13) Ex:ise D:!sefore;gn Its - 1968 l forel;n Ins. 0I l 326 i 136

4 ,................i...............l................j...............lj................

TctalFederal {.......(.148,495lI 5,266,75: [ 6,107.564 I Cl 15 13 ........i...............'...............................j................

0) 17 i State Of C:nne:'; nt Taxe!: i 1 18 i

Ze2p { 1,150 '

' 1,150 19 f 3erp[hyttnt :y2ts 1937 li!B l 0f I 149, 0 4 l 147,534 -

20 1 1 }

11 Sales -

1985 1 0i I' (234,000) (234,X0)l

• n

.e -l 1

I 23( C

rp;raticaBLsiness 2,060,102i  : 154,614 111,6:5 24 I' J s 25 Trus. Mnard us if aste-1983, 0l -

' *006j

, 2,005 i

26 j ,

27 Ex:Ise ?:reig.: Ins. 1986 8,952 f 28

9 B eise !creig

Ins. 1938 [

J . . . . . . . . . . . . . . .D 14,902 14,902 30 TotalStateofCc=e:ticut 2,070,204 0 86,328 43,299l 0 l 31 32 Lc:al C:nnectitat:

i l

( {

1 1 33 Prcperty -

1997 ( 213,809 l' :13,309 '  !

34 Picperty -

19!S I 0 456,395 l 85,755 l .

r----~~-~~~~~-~~~-~~~-- ~~~~~~~l--~~----

35( '

299,565 1

36 1 Tctal Local Ccnne:ticut 213,509 0 458,395 0 t 37 l ................)

38 lCess:nwealthcfMATaxes: l I  ; .

39 l Memp!cyzent - 1985 0l ( 3,110 3.1101 4g 1

................)..............................................,................ ,

il l Tctal Ccts awealth of MA 0 3 3,110 3.110 0l l 42 -

- -- -) -- - -- - - - - - - 1 i

43) TOTAL . 2,135,5181 01 5,916,615 i 6,453,638 0l 1' 44  :::::::::::::::::::::::::::::::::::::.:::::::::::.::::::::: ::::.::: :::::::::::.:: I 45 l 461(A)ChargedtoA:::tns 107,146,163,164,166and228 471 48 i (E) Charged to Acc: ants :34, 524, 525, 566, 567, 5!! and 921.

Page 262 l l >

f l

I e____. _ - - . _ i

NORTHIAST N"CI.!AR INIRGY COMPANT AnOriginal Dec. 31, 1988 TAIESACCRUID,PRIPA10ANDCHARG!DDURINGTEAR(Continued)

5. Ifanytax(excludefederalandstateincesetaxes) covers columns (1 thru(1).Incoluan sorethaneneyear,shcwtherequiredinforsationseparately asounts cha)rged to Acccuntsan 408.1(1),d 409.1 forreport for each tax year identify!na the year in coluan (a). Electric Dept. only. G oue the ascunts charged to 6.Interalladjus,tsentsoftEeaccruedandprepaidtax 408.1 409 408.2an$(09.2underotheracccunts acccunts in column lf) g d explain each adjustaent in a fcot- incoluan.1(l Orutilitypfafortaxeschargedtootheracccunts note.Designatedebit331Ustsentsbyparentheses. nt,showthenumberofthea(propriate

7. to not laclude on this page entries with respect to de- halancesheetaccount plant account or su acccunt.

ferredincosetaxesertaxescollectedthrcughpayrollde- 9.Foran{taxapportionedtomorethaneneutility ducticas or ctherwise pending transmittal of such taxes departsen, or account, state in a footnete the basis to the tari:q authcrity (necessity)ofapportleningsuchtax.

B. Inter acccunts to which taxes charged were distributed in SALANCE AT IND OF........'

....................................  !!AR TIONDISTRIBJ Di TAIES CHARGED (Shcw utility dept. Where applicable and acct, charged. )

TaxesAccrued Pre Electric Extrao. Items Ret. Earnings i (Acco"nt236)

(incl.paidTaxesinAcet.165)(Account 408.1,H9.1)(Account 409.3)(Account Other439) I,ine (g) (h) (i) (j) (k) (1) Nc.

l l l l 1 1l 0 i l l 21 635 97,098 .1 1,791 (A)i 3 l (

( 0 l l 5 1 l 16,675 5,013,760l l 90.068 (At 6l

} 7 (1,013,6391 64,579l l l l 8

l 9 1 0 1,100l , I l 10 l l l l 11 1

[ 8,952 l l 12 1 0 386i l 1 l 13

.......................... 14 l i ............... .................... .....................I ...............I ...............I (987,377) 0 5,176,923 l 0 l 91,859 l 15 i i

.................................... ..................... 1.............0

, .: ............... ..........................l 16

{ l l 17 l 0 l 18 970( 145,724 1 i 2,880 (A)! l 19 f 20  !

O i

1 (234,000) l 21

! l ) 1 22 2,103,311 1 154,814 l 1 l l 23 1  !'

l 1 24l 0{ l 2,008) ] 25 l l J J , 26 j 8,952 ! l I l l 27 14,902l 28 ,

) 0 l l 1............... .................... [..................... ............... l............... 1.......................... 1 2g l j 83,H8 l 2,880 l 30 '

l 2,113,2D l 0i 01 01

!............... l.................... '

l l......................................... i l 31 l l l l l 32 1  :

) 0 } } l 33 l 372,6391 343,471l l 114,924 (BI l 34 1.................... 1..................... ............... l...............,.......................... 1 35 l 372,639i 0 343,4711 01 0l 114.924 l 36 i  ;

............... 1.................... ..................... j............... J............... .......................... j 37 .

l l 38 0 l 3,110 l l 39

...............I .................... .....................,

....... ....... ............... .......................... u 1 0 ! O 3,110 l 0 0 0 41

( ...............l .................... .....................l ............... ............... ..........................

209,663 42 l 1 1,498,4951 0 5,606,952 1 0 0 43 l l ,  ::::::::::::::::::::::::::::::.::::::::::::::::::::::::::::::::::::::::::::::::: :::::::::::::::::::::::::::::::::::: 44 l 45 l l

! ) 46 47 l

l l 48 i Page 263 I

)

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 ACCUMULATED DEFERRED INVESTMENT TAX CREDITS (Account 255)

. Report below information applicable to Account 255. by footnote any correction adjustments to the account Where appropriate, segregate the balances and trans- balance shown in column (g). Include in column (1) the actions by utility and nonutility operations. Explain average period over which the tax credits are amortized.

Deferred Allocations to for Year Current Year's income Balance at ---------------- ------------ -------~~---~~------------- -----.- -

Account Beginning Account Account Line Subdivisions of Year No. Amount No. Amount Adjustments No. (a) (b) (c) (d) (e) (f) (g) 1l Electric Utilliy l l l l l l l 2l 3% l l l l l l l 3l 4% l l l l l l I 4l M l l l l l l l 5l 10% l 3,033,992l l l l l l 6l l l l l l l l 7l l l l l l l l 8l TOTAL l 3,033,992l l l l l l 9lOtherListseparately l l l l l l l 10landshow3%,4%,7%, l l l l l l l 11l10%andTOTAL l l l ) l l l 121 1 I I I I I I 13l l l l l I l l 14 l 1 I l 1 I I I is l l l l l l l I 16l l l l l l l l 17 l l l l l l l l 18 1 l i I I I I I 19l l l l l l l l 20l l l l l l l l 211 I I I I I I I 221 l l l l l l l 23l l l l l l l l 24l l l l l l l l 25l l l l l 1 I I 26 l l l l l l l l 27 l l l l l I l l 28l l l l l l 1 l 29l l l l I I i I 30l I l l l l I I 31l l l l l l l l 32l l l l l l l l 331 I I I I I l 1 34l 1 I I I I I I 3sj i I l l l l l ,

36l j l l l l l l 37 l l l l l l l l 381 l l l l l l l 39l 1 I l 1 -l I I 40l l l l l l l 1 41 l 1 I I I l I 1 ,

l l 1 1 I 421 I I I l

43l l 1 1 I I I I 441 l l 1 l l l l I I I I I 451 1 I 1 I I I I I 46 1 l l l l 1 l 47 l l l l l l l 1 481 l 1 Page 266 i

._- ._____-_____ - - . .]

NORTHEAST NUCLEAR ENERGY COMPANY, An Original Dec. 31, 1988 1

ACCUMULATED DEFERRED INVESTMENT TAX CREDITS (Account 255) (Continued) datance at Averge Perico End of Allocation Year to income Line (h) (i) Adjustment Explanation No.

I I I I 11 I I I I 2I I I I I 3I I I I I 4l-l 3,033,992 l j l 5l l l l I 6I

.I I I 1 7I I 3,053,992I l l 8I I I I l 9l 1 1 I , I l 10 l l l 1 I i 11I i l i l i 12I I I 1 1 13 I I I I I 14I I I I I 15l l l l l 16l l l I 1 17 I I I I I 18 I I I I i 19 I I I I I 20l I I I I 211 l l 1 1 22I I I I I 23I I I I I 24I I I I I 25I I I I I 26I I I I I 27 I I I I I 28I I I I I 29I I I I l 30 I ,

l l l l 31I I I I I 32 I i i l I 33I I I I I 34I ,

i l l I I 351  !

l l l l 36l l l l l 37 I I I I I 38I l l I I I 39I I I I I 40 l I I I I 411

( l l I I 42 I I I I I 43 I I I I I 44I I I I I 45I I I I I 46l l l 1 1 47 I i i l I 48 l Page 267

NORTHIAST NUCLEAR INERGY COMPANT An Original Dec. 31, 1988 OTHERDEFIRRIDCREDITS(Account 253) 1.Reportbelortheparticulars(details)calledforconcerning 3.Minoriters(5)oftheBalanceEndofYearfor otherdeferredcredits. Account 253oramountslessthan$10000,which-2.Foranydeferredcreditbeinganottized,showtheperiodof everisgreater)saybegroupedbyefasses, amortization.

DIBITS Balanceat -- --- - - - --

Line DescriptionofOther Beginning Contra Amount Credits Balance at No. DeferredCredit at fear Account EndofYear (a) (b) (c) (d) (e) (f) 1 1 1 '

2 MiscellaneousDeferredCredits 18,034 VARIOUS 430,511 (12,477 0 3 l l 4 MP3fuelPayable(Gulf) .

5,571,750 234 5,571,750 1 0 5 1 6 1 7

8 l l l 9 1 10 l i l l 11 l 1.' 1 1 l l

,l 13 l 14 l l l 15 l l l l 16 l 17  ! I l i l

18 i '

19 l l l l 20, l' 21 l 22 1 \ l l 23 24 25 l l l

. 26 1

27 28 , 1 29 '

1 1 ' 1 30 l 31 l l 32 i 1 33 34l ' ' I 35 l 36 1

' I 37 38

' i 39 l 40 l

............. . .............. ' .............. l 4i .......... ..............

42 i 5,589,784 6,002,261 1 (12,477 0

....l.............. TOTAL Page269 I

[

l l

l l NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 i

ACCUMULATED DEFERRED INCOME TAXES-0THER PROPERTY (Account 282)

1. Report the information called for below concerning the respondent's accounting for deferred income taxes relating to property not subject to accelerated amortization.

CHANGES DURING YEAR Balance at Amounts Amounts Line Account Subdivisions Beginning Debited Credited No. of Year (Account 410.1)(Account 411.1)

(a) (b) (c) (d) 1 Account 282 2 Electric $6,625,406 $3,427,495 $1 3 Cas 4 Other (Define) 5 TOTAL (Lines 2 thru 4) $6,625,406 $3,427,495 $1 6 Other (Specify)

T 8

9 TOTAL Account 282 (Lines 5 thru 8) $6,625,406 $3,427,495 $1

==============33==== .======,,=========== ......===......

10 Classification of TOTAL 11 Federal Income Tax 5,379,929 2,579,827 12 State Income Tax 1,245,477 847,668 1 Page 274

1 t

l 1

l I

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 ACCUMULATED DEFERRED INCOME TAXES-0THER PROPERTY (Account 282) (Continued)

2. For other (Specify), include deferrals relating to other income and deductions.

3. Use separate pges as required.

CHANGES LURING YEAR ADJUSTMENTS Amount;. Amounts Debits Credits Balance at Debited Credited ---- ----- ----- ---- ----------- ------------ --- - End of Year Line (Account 410.2)(Account 411.2) Acct. No. Amount Acet. No. Amount No.

(e) (f) (g) (h) (i) (j) (k) 1

$10,052,900 2 3

4

$10,052,900 5 6

7 8

10,052,900 9 S333 333332 53335E3333332333333333333 5 2 E33 3E8333333253R33338 533333 333333333 33333333333333333333E3 E3253333333333 10 7,959,756 11 2,093,144 12 1

1 1

Page 275

i NORTNEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 ACCUMULATED DEFERRED INCOME TAXES-0THER (Account 283)

1. Report the information called for below concerning the respondent's accountitig for deferred income taxes relating to amounts recorded in Account 283. i

2. For other (Specify), include deferrals relettrig to other income and deductions.

CHANGES DURING YEAR Balance at --- -- --- -- ------------------------------

Line Account Subdivisions Beginning Amounts DebitedAmount6 Credited No. of Year (Account 410.1) (Account 411.1)

(a) (b) (c) (d) 1 Account 283 2 Electric ( $1,199,277) ( $1,286,567) 3 4

5 6

7 8

9 .

l 10 11 .................................... ......................

12 TOTAL Electric (Total Lires 2-11) ( $1,199,277) ( $1,286,567) 13 I

14 15 Gas 16 Other 17 TOTAL Gas (Total Lines 15 and 16) 18 Other (Specify) 19 TOTAL Account 283 (Total lines 13, 17 and 18) ( $1,199,277) ( $1,286,567) 3 3 3 33 EL'd 333 3 33 5 2 8 333 33 E =3 3 3 333 3 3 3 3 3 333 3 33 3 33 3 3 3 3 3 3 3 3 3 3 3 33 3 E 20 Classification of TOTAL 21 Federal Inec is Tax ( 902,359) ( 933,044) 22 State income Tax ( 296,918) ( 353,523) 1 1

Page 276 l

)

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 ACCUMULATED DEFERRED INCOME TAXES *0THER (Account 283)(continued)

3. Provide in the space below explanations for pages 272 and 273. Include amounts relating to insignificant items under Other.

4. Use separate pages as required.

Debits Credits Amounts Debited Amounts Credited Acet. Acct. Balance at Line

( Account 410.2) (Account 411.2) No. Amount No. Amount End of Year No.

(e) (f) (g) (h) (i) (j) (k) 1

( $2,485,844) 2 3

4 ,

J' 5

6 i

7

\

8 9

10

................................................................................................... 11

( $2,485,844) 12 13 14 15 16 17 18 19

( $2,485,844) 3 3 3 3 33 3 33 2 2 3 33333 3 3 33 333 3 333 3 33 3 333333 3 E=E2 3= =E3 33E=3 2333 333 33233 333332 2323E2333 33322 3333333 33 3EEEE 20

( 1,835,403) 21

( 650,441) 22 See insert page 27/A Page 277

Annual report of NORTHEAST NUCLEAR ENERGY COMPANY Year ended December 31,1988 Accmulated Deferred Income Taxes--Other (Account 283) i DESCRIPTION FIT CCBT TOTAL INJURIES AND DAMAGES RESERVE BALANCE 12/31/87 2,223 602 2,825 ACTIVITY 1988 9,201 3,437 12,638 BALANCE 12/31/88 11,424 4,039 15,463 EEEEEEEEEE BEEEEEMEEE 3333333333 MEDICAL RESERVE BALANCE 12/31/87 32,383 14,374 46,757 ACTIVITY 1988 ( 62,746) ( 20,827) ( 83,573)

BALANCE 12/31/88 ( 30,363) ( 6,453) ( 36,816)

E333333333 E333333E=3 EEEEEEE=EE SALES TAX ACCRUAL BALANCE 12/31/87 ( 80,841) ( 26,910) ( 107,751)

ACTIVITY 1988 - - -

BALANCE 12/31/88 ( 80,841) ( 26,910) ( 107,751) 3333333333 531EEEEEEE 3333333E35 i'

PENSloN EXPENSE BALANCE 12/31/87 ( 856,124) ( 284,984) (1,141,108)

ACTIVITY 1988 ( 842,457) ( 321,976) (1,164,433)

BALANCE 12/31/88 (1,698,581) ( 606,960) (2,305,541)

EEEEEEEE=3 3333333333 EE=EEEEEEE LONG TERM DISABILITY BALANCE 12/31/87 - - -

ACTIVITY 1988 ( 37,042) ( 14,157) ( 51,199)

BALANCE 12/31/88 ( 37,042) ( 14,157) ( 51,199)

BEEEEEEEEE SEER.EEEEEE BEEEEEEEEE TOTAL A/C 283 BALANCE 12/31/87 ( 902,359) ( 296,918) (1,199,277)

ACTIVITY 1988 ( 933,044) ( 353,523) (1,286,567)

BALANCE 12/31/88 (1,835,403) ( 650,441) (2,485,844)

SEEEEEEEEE EE33333333 E=EEEEEEEE l

l l

l PAGE 277A l

I

l l

!' NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 l-ELECTRIC OPERATING REVENUES (Account 400)

1. Report below operating revenues for each prescribed are added for billing purposes, one customer should be account, and manufactured gas revenues in total. counted for each group of meters added. The average

2. Report number of customers, colunns (f) and (g), on number of customers means the average of twelve figures the basis of meters, in addition to the number of flat at the close of each month, rate accounts; except that where separate meter readings OPERATING REVENUES Amount for Line Title of Account Amount for Year Previous Year No, (a) (b) (c) 1 Sales of Electricity 2 (440) Residential Sales 3 (442) Comercial and Industrial Sales 4 Small (or Comercial) 5 large (or industrial) 6 (444) Public Street and Highway Lighting 7 (445) Other Sales to Public Authorities 8 (446) Sales to Railroads and Railways )

9 (448) Interdepartmental Sales '

10 TOTAL Sales to Ultimate Consumers i 11 (447) Sales for Resale 240,396,127 (1) 268,031,715 (1) i 12 TOTAL Sales of Electricity 240,396,127

• 268,031,715 13 (Less) (449.1) Provision for Rate Refunds ......................... ..........................

14 TOTAL Revenue Net of Provision for Refunds 240,396,127 268,031,715 15 Other Operating Revenues -- ------ ---- ---- --- ----- --------- ---------

16 (450) Forfeited Discounts 17 (451) Miscellaneous Servic+' Revenues 18 (453) Sales of Water and Water Power 19 (454) Rent from Electric Property 20 (455) Interdepartmental Rents 21 (456) Other Electric Revenues 22 l 23 i 24 \

---

-- - ------------ -------+ -------------- -

25 1 TOTAL Other Operating Revenues

~

26 -

27 TOTAL Electric Operating Revenues hb4bb96 27 $268,b3k,7h5

.................................................................. ========================= ===========u==============

(1) There are no wholesale rate schedules on file with the FERC. These revenues represent the recovery of expenses incurred by the Com in operating three nuclear generating units on behalf of the

. owners of these faellities. pany Page 300 t

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 ELECTRIC OPERATING REVENUES (Account 400) (Continued)

4. Coninercial and Industrial Sales, Account 442, may be 5. See page 108, Important Changes During Year, for impor-classified according to the basis of classification tant new territory added and important rate increases or (Small or Conrnercial, and Large or Industrial) regularly decreases.

used by the respondent 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 Kw of cemand. (See latingtounbilledrevenuebyaccounts.

Account 442 of the Uniform System of Accounts. Explain 7. Include onmetered sales. Provide details of such sales basis of classification in a footnote). in a footnote.

MEGAWATT HOURS SOLD AVERAGE NUMBER OF CUSTOMERS PER MONTH Amount for Number for Amoun'. for Year Previous Year Number for Year Previqus Year Line (d) (e) (f) (g) No.

1 2

3 4

5 6

7 8

9 10 11 12 13

. . . . 14

• Includes $ - unbilled revenues.

• • Includes . MWH relating to unbilled revenues.

Page 301

4 NOATHEAST NUCLEli (NER3Y CvMPANY AnOriginal Dec. 31, 198f ELEC*RIC OPERATION AND MAINTENANCE EIPENSES Account Asount for Asountfor Current feat Previcus Year ,

1. (t)POWERPRODUCTICNEXPEN!ES l- 1

2. A.SteasPowerGeneration  ! l

) . Operation l l l' l

6. 500)OperationSupervisionandEngineering l )

5. 501; Fuel j -l  !

6. 502 l Steam Expenses l l ')

7. 503)SteasfromOtherSources [ l

8. [ l 9.1 505 Less) Electric ExpensesJ504)SteamTransferredCr. l l l 10 . l 11.!jl506 Miscellaneous Steas Power Expenses l 07 Rents I i

12 . TOTAL Operation l 13 . Nalatenance I i

16 . 510i Maintenance Supervision and Engineering l 15 . 5tll Maintenance of Structure: [ l 16 . 512 lMaintenanceofBoilertlant l 17 . 513) Maintenance of Electric Plant I i 18.(514lNaintenanceofWiscellaneousSteamPlant .

)

19 . 10TAL Maintenance l [ [

20 . TOTAL Power Production Expenses-Steas Plant 21 . B. lluclear Pcwer Generation [

22 . Operation 23.(517)OperationSupervisionindEngineering 35.537,412 37,920,676 2 6 ', '5181 Fuel J 25 . 519 Coolar.tsandVater 1 6,307,366l' 5,559,219l 26 . 5201 Steam Expenses 18,883,681 17,7t!,563 l 27 . 521)SteinfromOtherSources i l 26 . Less)(522)SteasTransferredCr. I i l 29 . 523 Electric Expenses l 6.538,112 f, 9 838.342 1 50 . 524 Ni nel'aneous Nuclear Power Expenses 'l 66,264,296 I 50,,661.763 1

'31 . (525 Rents 5600,192I 5,896,089I 32 . TOTAL Operation l It7,,lt!,057 i 126,569,430 1, 33 . Maintenance j l 36 . 528 Najntenar.ceSupervisionandEngineering I 9,610,071  ! 10,382,301 l 15 . 529 Maintenance of Structures 6,682,3021 8527,5961 36 . 530 NaintenanceofReactorPlantEquipment l 29,8f6,5661 837,527 l il . 531 MaintenanceofElectricPlant l 7.992,365l 62,,701,396 '

38 . 532 Maintenance of Niscellanecas Nuclear Plant l 2,782,!69 '

12,696,907 3,

39 . TOTAL Niintenance 56,683,636 l 77,963,125 60 . TOTALPowerProductionExpensesNuclearPcwer l 173,794,691 '

202,533,155 61 . C. Hydraulic Poser Generation J 42 . Operation 63 . (535 OperationSupervisionandEngineering ll l 66 . l536 Water for Power J 65 . 1 537 Hydraulic Expenses I l 66 . 538 Electric Expenses 67.(l539 MiscellaneousHydraulicPowerGenerationExpensesl I i

68.(540 Rents )  ;

69 . TOTALOperatica  ! l ]

Pige 320 t l

1

NORTHEAST NUCtEAR ENERGY CONPANy An Original Dec. 31, 1988 ELECTRICOPERATIONANDMAINTENANCEE1 PENS!5(Continuedl Aacunt for Ancunt for Account Current year Previous year 50 . C.HydraulicPowerGeneration(Continued) l l

51. Maintenance l ll 52 . 561i Maintenance Supervision and Engineering l l 53 . 562; Maintenance of Structures l' l 54 . 563 r Maintenance of Reservoirs Dass, and Waterways l l 55 . 566l NaintenanuofElectricPlant [ f i 56 . 5651 Maintenance of Miscellaneous Hydraulic P16nt l l 51 . TOTALNaintenance l 58 . TOTAL Power Production Expenses Hydraulic Power l 59 . D. Other Power Generation l l

60. Operation I l 61 . 566 OperationSupervisionandEngineering l l 62 . 567 fuel l 'l l 63 . 568 GenerationExpenses l l 66 . 569 Miscellaneous Other Power Generation Expenses l l l 65 . 550 Rents l 66 . TOTAL Operation l l l

67. Maintenance i  !

68.(551 Maintenance Supervision and Engineering l .I 69 . 552 Maintenance af~ Structures l 70 . 553 Maintenance of Generating and Electric Plant l l 11 . 556 Maintenance of Miscellaneous Other Pcrer Generation Plant l l l 72 . TOTAL Maintenance l (

73 . TOTAL Power Production Evpenses-Other Pcwer 1 76 . E. Other Power Supply Expenses l l l 15 . 555 Purchased Pcver f 16 . 556 SystemControlandLeadDispatching l l 77 . 551 Other Expenses l l l 18 . TOTAL Other Fower Sceply Expenses l l l 79 . TOTALPowerProductionfxpenses l 173,796,691 1 202,533,155 l 80 . 2. TRAN5h!SSION EXPENSES j 81 . Operation 82 . 560 Operation Supervision and Engineering l 666,633 l 1,056,702 l 83 . 561 LoadDispatching I l 86 . 562 StationExpenses l 2,962,877 l 3,288,058 l 85 . 563 Overhead Line Expenses I l  !

86 . 566 l!nderground Line Expen:,es ( ( l 87 . 565 Transmission cf Electricity by Others l l 88 . 566 NiscellanecusTranssissionExpenses j '91,792ll

. 609,815 89 . 561 Rents l l l 90 . TOTAL Operation l 6,109,302 l 4,952,515 l 91 . Maintenance I 92 . 568 Maintenance Supervision and Engineering l 78,853 l 69,771  !

93 . 569 Maintenance of Structures l 2,205l 11 668 l 96 . 570 Maintenance of Station Equipment i 1,000,012 l 2,351,,399 l 95 . 571 Maintenance of Overhead Lines l l 96 . 512 Maintenance of Underground Lines 97 . 573 Maintenance of WisceIlaneous Transmission Plant 98 . TOTAL Maintenance 1,081,070 l 2.638,616 99 . TOTAL fransmissica Expenses 5,190,312 ' 7.391,193 100 . 3. DISTRIBUTION EXPENSES l 101 . Operation i (l l 102.(580) Operation Supervision and Engiiteering l 103.(581) LeadDispatching l ll

l N0tfHEA$i NUCLEAR ENERGY CONPANY An Original Dec. 31. 1988 1

ELECTRICOPERAi!0NANDNAINTENANCEEXPEN!ES(Contir.aed)

Amount for Amountfor Acccunt Current Year Previous Year 106 . 3.DISTRIBUTIONEXPENSES(Continued) l [

l 105 . 582iStationExpenses l  ! ll l 106 . 583l OverheadLineExpenses l 107 . 584i Underground Line Expenses l l

l 108 . 585; Street Lighting and Signal Systen Expenses l l. l 109 . 586 i Meter Expenses l l l 110 . 59); Customer Installations Expenses l l l til . 588 1NiscellaneousDistributionExpenses l 112 . 589) Rents l l l I til . ' TOTAL Operation .I ,

l 114 . Maintenance l I

- 115 , (5901 MaintenanceSupervisionandEngineering l 116 (591) Maintenance of Structures l l l 117 . 592 1 Maintenance of Station Equipment l 118 . Maintenance of Overhead Lines I I 593)f Maintenance of Underground lines 189 . 594 l 120 . 595L Maintenance of Line Transformers I l 121 . 596 1NaintenanceofStreetLightingandSignalSystems l 122 . 597!MaintenanceofNeters I i 123 , 598) Wainter.ance of Miscellaneous Distribution Plant l l 124 . ' iOTAL Maintenance l l 125 . TOTAL Distribution Expenses l l

' I 126 . 4. CUSTONER ACCOUNTS EXPENSE' I

121 . Operation  !

128 . 901l Supervision I l l 129 . 902 l N6ter Reading Expenses l 130 . 903; CustoserRecordsandCollectionExpenses l l 131 . 904 1 Uncollectible Accounts l l ll 132 . 905;MiscellaneousCustomerAccountsExpenses I l i i 133 . TOTAL Customer Accounts Expenses I l l 136 . 5. CY3IONER SERVICE AND INf0 RNAI!0NAL EXPENSES I l 135 . Operation' l !l 138 . 90i Supervision i l l 137 . 908 Custoser Assistance Expenses l l 138 . 909 Infcreational and Instructional Expenses l l l l 139 910 Miscellaneous Customer Service pd Informe'ional Expenses ! l 160 . TOTAL lust. Service and Informational Expenses j  ! l 161 . 6. SALES EXIENSES l 162 . Operati0n ll l l 163 . 9111 Supervision l l 144 . 912 Demonstrqtingandfallin; Expenses l 145 . 913 Advertisingtypenses l l 166 . 916 Miscellaneous , ales Expenses  !  ! l 167 . TOTAL Sales Expenses 148 . 7. ADMINISTRAi!YE AND GENERAL EXPENSES Il l 169 . Operation l l 150 . 920) Administrative and General Salaries 1 8,508,221j  ?,055,867l 151 . 921)OfficeSuppliesandExpenses l 5,783,060 6.880,889 l 152 . Less)(922)AdministrativeexpensesTransferredCr. l l 2,768 l 153 . 9231 Outside Services Espicyed l 1,268,112 l 1,851,746 l 156 . 926?PropertyInsurance 11,598,377l 11,736,536l 155 . 925 1InjuriesandCasages 2,185,260 'l 2.637,686 l 156 . 926

....!EsployeefensionsandBentfits l 13.093,116l 11,631,573l

NORTHEAST NUCLEAR ENERGY CONPANY An Original Dec. 31, 1982 ELECTRICOPERATIONANDNAINTENANCEEXPEN!ES(Centinued)

Ascuntfor Ascunt for Account Current Year Previous Year 157 . 7. ADMINISTRATIVE AND GENERAL EIFENSES I l 158 . 927)FranchiseRequirements l l ll 159 . 928)RegulatoryCosaissionExpenses I (47) l 185 l 160 . Less)(929)DuplicateChargesCr. l l (

161 . 930.1 Gene:al Advertising Expenses ,

162 . 930.2)NiscellaneousGenerallxpenses

) lI 462,6811 632,167l 163.(931) Rents 1 6,326,626 l 6,686,752 :

166 . ,

TOTAL Operation l 47,803,384 [ 45,708,673l 165 . Maintenance l l l 166 (935) Maintenance of General Plant 720,467 l 1 663,372 167 . TOTAL Administrative and General Expenses 1 68,523,831 1 47,,172,065 i 168 . TOTil Electric Operation and Maintenance Expense

• I "7,503,896 l 257,095.393l l \ l NUMBER OF ELECTRIC EEPARTWENT EMPLOYEES 1, The data on nusber of espicytes should be reported for the payroll period ending nearest to October 31.

or any payroll period ending 60 days befcre or after October 31.

2. If the respondent's payroll for the reporting period includes any special ccostruction personnel, include suchemployeesonline3 and show the number of such special construction empicytes in a footnote, 3.Thenunderofesployeesa,ssignabletotheelectricdepartmentfresjointfunctionsofcombinationutilities enthebasisofemployeeequivalents. Show the estiested nusber cf equiv-saybedeterminedbyestimate,theelectricdepartmentfromjointfunctions.

alent esployees attributed to l.PayrollPeriodEnded Date) December 24,1988 2 . Total Regular Fuil Tim (e Es;ileyees 171 3 Total Fart-Time and Temporary Esployees -

4 Total Esployees ?71 l

Page 323

An Original Dec. 31, 1988 NORTHEAST NUCLEAR ENERGY COMPANY MISCELLANEOUS GENERAL EXPENSES (Account 930.2) (Electric)

Line Description Amount No. (a) (b) l 1 l Industry Associa:lon Dues l $7,056l I I I I l 2lNuclearPowerResearchExpenses l l I l l I l 3lOtherExperimentalandGeneralResearchExpenses l l I I l 1 l 4lPublishingandDistributingInformationand l l l Reports to Stockholders; Trustee, Registrar, and l l l

lTransferAgentFeesandExpenses,andother l l l

l lExpensesofServicingOutstandingSecurities l l

[oftheRespondent l 66,792l l

I I 1 I l 5j0therExpenses(Listitemsof$5000ormorein l l l lthiscolumnshowingthe(1) purpose,(2) recipient l l l land(3)amountofsuchitems.Groupamountsof l l l ltessthan$5,000byclassesifthenumberofitems l l l lsogroupedisshown) l l l l l 6l l [

l 7l j 8lRecruitingExpenses l l Miscellaneous (156 Items) l 60,499l l 9l l l l 10 l 15,724l l

l11lMiscellaneousOther(69 Items) l l l 12 l I I l 13 I 200,110l l14lSecurityfacilities l l15l l l l16lNortheastUtilitiesServiceCompany l l Services l 92,500l l 17 l l13I I I l19l l l l l l 20 l l21I I I I22l l l l23I I I I24l l l l25l l l l26l l l l

l 27 l l l28l l l l29l l l l

I l 30 l l31l l l l32l l l l33I I l l34) l l l l l 35 l l36l l l l37I I I l38l l l l l 1 39 I I I l 40 l I I I'1I I42l l l I l l'3I I I l"I l l l 4h l $442,681l l46l TOTAL l Page 335 l- - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 s

DEPRECIATION AND AMORT!ZATION OF ELECTRIC PLANT (Accounts 403, 404, 405)

(Except amortization of acquisition adjustments)

1. Report in Section A for the year the amounts for: classifications and showing a composite total. Indicate (a) Depreciation Expense (Account 403); (b) Amortiza- at the bottom of section C the manner in which column (b) tion of Limited-Term Electric Plant (Account 404); and (c) balances are obtained. If average balances, state the Amortization of Other Elcetric Plant (Account 405). method of averaging used.

2. Report in section 8 the rates used to compute amor- For columns (c), (d), and (e) report available in-tization charges for electric plant (Accounts 404 and 405?. formation for each plant subaccount, account or functional State the basis used to compute the charges and whether any classification listed in column (a). If plant mortality changes have been made in the basis or rates used from the studies are prepared to assist in estimating average service preceding report year. Lives, show in column (f) the type mortality curve selected

3. Report all available information called for in section as most appropriate for the account and in column (g), if C every fifth year beginning with report year 1971, report- available, the weighted everage remaining life of surviving ing annually only changes to columns (c) through (g) from plant.

the complete report of the preceding year. If composite depreciation accounting is used, report Unless composite depreciation accounting for total available information called for in columns (b) through (g) depreciable plant is followed, list numerically in column on this basis.

(a) each plant subaceount, account or functional classifica- 4 If provisions for depreciation were made during the tion, as appropriate, to which a rate is applied. Identify year in addition to depreciation provided by application at the bottom of section C the type of plant included in of reported rates, state at the bottom of section C the any subaccounts used. amounts and naturu of the provisions and the plant items in column (b) report all depreciable plant balances to which related.

to which rates are applied showing subtotals by functional A. Summary of Depreciation and Amortization Charges Depreciation Amortization of Amortization of Line functional Classification Expense Limited Term Electric Other Electric Total No. (Account 403) Plant (Acet. 404) Plant (Acet. 405)

(a) (b) (c) (d) (c) 1 Intangible Plant - - -

0 I 2 Steam Production Plant - - -

0 3 Nuclear Production Plant 496,302 31,733 -

528,035 4 Hydraulic Production Plant Conventional - - -

0 5 Hydraulic Production Plant-Pumped Storage - - -

0 6 Other Production Plant - - -

0 7 Transmission Plant - - -

0 8 Distribution Plant - - -

0 9 Ger.eral Plant 23,603 - -

23,603 10 Common Plant Electric - - - 0 11 TOTAL (1) khk9,9bh khk,7hh hb Shhk,bh8

.=......................=...............................=...... .......

B. Basis for Amortization Charges 1988 Base Term Commenced Amort.

Millstone Unit #3 simulator $42b014 13hh4 Yrs. 9 (2) khh,7h3

=...==.

(1) Total charge to 403 in 1988 consists of:

(a) 1988 Book Depreciation Expense $559,880 (b) Adjustment of 1987 Book Depreciation Expense (39,975)

$519,905 (2) Total charge to 404 in 1988 consista of:

(a) 1988 Amortization $31,696 (b) Adjustment of 1987 Amortization 37

$31,733 S......

Page 336 l

l

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 DEPRECIATION AND AMORTIZATION OF ELECTRIC PLANT (Continued)

C. Factors Used in Estimating Depreciation Charges Depreciable Estimated Applied Average

! Account Plant Base Avg. Service Net Salvage Depr. Rate (s) Monthly Curve Remaining Line No. (in thousands) Life (Percent) (Percent) Type Life No. (a) (b) (c) (d) (e) (f) (g) 12 Nuclear Production 13 ..................

14 321 325 3,412 19.5 15 321 325 3,412 l 18.5 16 321-325 3,412 1 22.5 17 321-325 3,412 37.5

---~~- --- -

• 18 19 Total Nuclear 20 Production 13,648 21 22 General 23 ------

24 391 192 19.5 25 391 192 18.5 26 391 192 22.5 27 391 ift 37.5 yn ............ ..

49 30 Total General 768 31 32 33 34 Total 14,416 (1) 35 ===============

36 37 38 39 40 41 Notest (1) Excluding plant charged to clearing accounts and property 42 subject to amortization. l 43 l l 44 The provision for depreciation s computed on a straight line 45 remaining life method based on the remaining license lives of 46 the four Nuclear Units which share the simulator f acilities.

47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 Page 337

l l

I l

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, *

• PARTICULARS CONCERNING CERTAIN INCOME DEDUCTIONS AND INTEREST CHARGES ACCOUNTS Report the information specified below, in the ordec given, for the respective income deduction ard interest charges accounts. Provide a subheading for each account and a total for the account. Additional columns may be added if deemed appropriate with respect to any account.

(a) Miscellaneous Amortization (Account 425)-Describe the nature of items included in this account, the rmtra account charged, the total of amortization charges for the 1 year, and the period : amortization.

(b) Miscellaneous income Deductions Report the nature, payee, and amount of other j income deductions for the year as required by Accounts 426.1, Donations; 426.2, Life  !

Insurance; 426.3, Penalties; 426.4, Expenditures for Certain Civic, Political and Related [

Activities; and 426.5, Other Deductions, of the Uniform System of Accounts. Amounts of less than 5% of each account total for the year (or $1,000, whichever is greater) may be grouped by classes within the above accounts. ,

(c) Interest on Debt to Associated Companies (Account 430)-For each associated I company to which interest on debt was incurred during the year, indicate the amount I and interest rate respectively for -(a) advances on notes, (b) advances on open account, (c) notes payable, (d) accounts payable, and (e) other debt, and total interest. I Explain the nature of other debt on which interest was incurred during the year. l (d) Other Interest Expense (Account 431) Report particulars (details) including j the amount and interest rate for other interest charges incurred during the year.

Line Itom Amount No. (a) (b) 1 l 2 Miscellaneous Amortization (Account 425) 3 - --- -- -----~~- ---- - ----------- ---

4 NONE $

5 6 Miscellaneous Income Deductions - Donations (Account 426.1) {

7~-~~-~-~~-----~~~~~-~----------~~~-~~----- {

8 Matching Gift Program 23,278 4 9 United Way of Southeastern Ct. 3,400  !

10 Goodspeed Apprentice Program 1,800 l 11 Miscellaneous (16 items) 500  !

12 Comunity, Civic and Cultural 1,650 4 13 Educational Activities 1800 l

--~ - -- ~----

14 15 Total Account 426.1 32,428 i 16 =============== k 17 l 18 19 L!fe Insurance (Account 426.2) 20 -- - - --------- ----- ------

21 NONE j 22 23 Penalties (Account 426.3) 24 -- ----- ~--~~~---------

25 Civil penalty for Security Level !!! violations at the Millstone i 26 Nuclear Power Station in Waterford, Ct. 50,000 I 27 Civil penalties for water pollution violations at the Millstone l 28 Nuclear Power Station in Waterford, Ct. 500 j

............... i 29 30 Total Account 426.3 50,500 31 ===============

32 33 34 35 36 Expenditures for Certain Civic, Political and Related Activities 37----------------------------- - ----- --------- -----

38 (Account 426.4) 39 ...............

40 See Account 426.4 on page 340A 5,783 41 ===============

42 43 l 44 i 45 46 47 (Continued on page 340A)

Page 340

4 NORT4E#ST NUCLEAR ENERGY COMPANY An Original Dec. 31,1988 PARTICULARS CONCERNING CERTAIN INCOME DEDUCTIONS AND INTEREST CHARCES ACCOUNTS (CONTINUED)

Line item Amount No. (a) (b) 1 2

3 Account 426.4

-4 ------ - -

5 6 Applicable salaries and expenses of employees of Northeast Utilities 7 Service Company in connection with Federal lobbying activit;es $ 2,195 8

9 Applicable salaries and expenses of employees of Northeast 10 Utilities service Company in connection with other civic and 11 political activities 1,727 12 15 Miscellaneous (3 Items) 1,861 14 .- -------..-.

15 Total Account 426.4 5,783 16 ===============

17 18 Other Deductions (Account 426.5) 19 ................................

20 Executive incentive Compensation Prcgram 216,246 21 American Nuclear Energy Council 16,021 22 Miscellaneous (68 Items) 9,891 23 ---- ---------

24 Total Account 426.5 242,158 25 ===============

26 27 28 Total Account 426 330,869 29 ===============

30 31 Interest on Debt to Associated Companies (Account 430) 32 ---- --- --- ---- ---------- --- --- - - --- - ---

33 Interest Expense for Money Pool 31,712 34 - - --- ----- -

35 Total Account 430 31,712 36 ===============

37 Other Interest Expense (Account 431) 38 - - -------- ---- - ---- -- -- -

39 Interest Expense billed to participants of MP#3 through 40 Funding Statement various 940,654 41 Short Term Borrowings Various 85,330 42 Other Interest Expenses totalling less than 5% of total account 7,064 43 - ------------

.44 Total Account 431 1,033,048 45 ===============

46 47 48 49 50 51 52 53 54 55 56 57 Page 340A

NORTHEAST NUCLEAR ENER6Y C0GFANY An Original Dec. 31, 1988 RESULATORY COMIS510N EXPENSES

1. Report particulars idetails) of regulatory cosaission ex- 2. In coluans (b) and (c), indicate whether the expenses were penses incurred durin0 the current year (or incurred in previous assessed by a regulatory body or mere otherwise incurred by the years, if being asortized) relating to foreal cases before a utility.

regulatory bcdy, or cases in which such a body was a party.

Description Deferred in (Furnish name of regulatory consission or Assessed by Expenses Total Account 186 at Line body, the docket or case number and a Regulatory of Expenses Beginning he. descriptionofthecase.I Consission Utility to Date of Year (a) (b) (c) (t9 (e) 1 l Miscellaneous (4 Itens) 1 (692)! 645 l (47)l l 2 i i l l I l l l l 3:

41 l l 1 l 1 5: i l l 1 l 6l 1 l 1  !

7i l l i  ! i l l l l l 8i 91 I l 1 i l l l 1 1 I 10 l 11 i  ! l 1 l 1 12 I i i i l 13 ; i l i 1 l 14 i  ! l i l 1 l 1 i 15 l l l l 1 l 16 l l l 17 !  ! 1 l 1 i i l IB l l l 1 l l l 1 19 l 1 l l 20 l l l l l

21 i  !  ! I 22 : 1 i l l I

23 i l l 1  !

l l 1 l 24 1 l l 1 25 l  !  !

1 26 i l l 1 1 27 l 1  !  !  ! l l l  ! I 28 1 l l l 29 l l l 1 30 ! l l l i l 1 1 31 l l l l i i  ;  !  !

32 l I  !  ! l

! 33 1 i i l l l 34 : 1 1 I 35 l I l l 36 l l  !  ! l l i

l 37 1 i i l l I 30 l l 1 l l 1

39 l l 1 l 1 40 l l l 1 l l 41 l l l l l 42 l l  !  !

47 i l l i l 1 44 ! l l 1 1 1 45 l l  ! l I I 46 ITOTAL I (692)! 645 I (47)I l

................................ - ==........---- . . . . . . . . . . - - - .- __.... ==..........

Page 350

NORTHEAST NUCLEAR ENERBY COMPANY An Original Dec. 31, 1588 REGULATORY COMMISSION EXPENSES (Continued) and (h) expenses incurred durin

3. Show chich areinbeing coluen (k) any ist asertized, exkenses in coluan incurred in kriorofyears (a) he period ator- 5. Listwere which in coluan (f), (g)ly to incese, plant, or other ac g year charged current tiration. counts.

6. Minor itens (less than $25,000) aay be grouped.

4.

theThe totals totals shown ofatcoluans (e),of(i),

the bottom (k),223 for Account 186.and (1) aust agree with page EXPENSES INCURRED DURING YEAR AMORillED DURING YEAR Def erred in CHARGED CURRENTLY TO Deferred to Contra Account 186 Department Account No. Anount Account 186 Account Aeount End of Year Line (f) (g) (h) (i) (j) Ik) (1) No.

Electric I 920 1 (47)I i i i i 1i I  !  ! I I I I 2I i 1 1 I I I i 31 1 1 I i i l  ! 41

!  !  ! I I I 1 51 1 I  ! l I i 1 61 1 1  ! I I I I 71 1 I I I I I I 8I I  !  !  !  ! 1 1 9I I I I I I I i 10 1 I I I I I I i 11 I i i I  ! I I I 12 I I I I I I I i 13 1 1 I i i I I I 14 1

!  ! I I I I i 15 I I I I I  ! I I 16 i l l I i i l i 17 l 1 1 I I I I i 18 1 1 I I I I I I 19 1 1 1 I I I I I 20 i i i i i I i 1 21 1 I I I I I I I 22 1 1 I I I I I I 23 1 1 I I I i I I 24 1 1 1 I I I I I 25 1 I i i i l I 1 26 1 1 1 I I I I I 27 I i  !  ! 1 1 1 I 28 1 1 I I I I I I 29 1 1 1 1 I I i i 30 I I I I I I I I 31 I I i  ! I I I I 32 I

' I I I 33 I I I I I I i I I i I 34 I I I I I I I I 35 I I I I I I I I 36 I I I I I i l 1 37 I I I I I i  !  ! 38 I I I I I l l I 39 i

1 I I I I I I 40 I I I I I I I I 41 1 1 I i i i i  ! 42 I I I I I I i i 43 I I i l i l i I 44 I I I I I I I I 45 I i 14711 I i I  ! 46 I Page 351

N0tiH!ASTNUCl[Al(NilGyCONPANy AnOriginal Dec. 31, 1988 I!5EARCH O!VELOPN[NT, AND DIN 0NSTRATION ACTJVITIES 1.Describeandshowbelowcostsincurredandacco,unts b. Fossil-fuel steas chargedduringtheyearfortechnologialresearch, develop- c.Internalcombustionorgasturbine sent,anddesonstration(R,DI0)proactinitiated, continued, d. Nuclear orconcludedduring<heytar.Reportasosupportgiventoothers e.Unconventionalgeneration i duringtheyearfor' ointlysponsoredpojects.(Identifyrecipient f. $lting and heat generation j regardlessofaffill;ition. For any R, t 0 vort carried on by (2 the respondent in which the)re is a shar ng of costs with others,(3))TranssissionSystesPlanning,IngineeringandOp!

show separately the re pondent's cost for the year and cost a. Overhead  ;

chargeable to others. Seedefinitionofresearch b. Underground i anddesonstr#tioninUiforsSystesofAccounts.), development, 41 Distribution i 2.Indicateincolven(a)theapplicableclassification,as $l shownbelow. Classifications: Il Environment (other than equipsent)in excess of ther(Classifyandincludeitems A.ElectricR 010PerforsedInternally 5000.)

(1)Generallon (J) clalCostIncurred

a. Hydroelectric D I 0 Perfoered Externally J. Recreation fish and wildlife II.Otherhydro, electric 8.(t)Electric Council t,h Researc or Suhe !!ectric Po er Rese ort to the Electrical Research w u Line Classification No. (a) Descrip)

(b tion 1 ElectricUtility2010PerforsedInternally 2

1 4

5 A.(7) i TotalCostIncurredInternally 6

1 1 8' ElectricOtility1D80PerformedExternally  !

g ................................... ......

10 l Selssic Instrumentation - Noodus Borehole Woodward - Clyde 11 Fish Larvae intrainment 9 Nillstone Power Station N.I.T.

12 Aging of Nuc ear Plant Cables - UConn 13 'l Plant Specific Frequency of Pipe Breaks - Atrek Corp.

16 Tube Support Corrosion - UConn i 15 Fluidelastic Instabilities in Tube Bundles Argonne Nat. Lab i

$! aplified Piping Support Projects Cloud 16 17 P;t Progression late - Univ, of Nichigan 18 Steas Generator Hydraulic Alden Lab, il vinter Flounder Population - yale University 20' teactor Coolant NIT ,

21 Fluid Coupling Solution Holtec International 22 l ItesUnder$5,000(IItes) 23 i 26 B.(1) l TotalCostIncurredExternally 25 26 27 Total Electric Utility RDID Performed Internally and External 28 29 30 31 32 l 33 36 l Page 152 l l

L NORTHIAST HCLEAR ENERGY (CNPANy AnOriginal Dec. 31, 1988 RESEARCH DEVELOPNENTANDDEN3N$iRAi!0NACTIVlilfS(Continued) 2)ResearchSupporttoEdiso,nElectricInstitute penses during the year or the account to which amounts were 31 Research support to Nuclear Power Grou capitalized durin 4; ResearchsupporttoOthers(Classify)ps Work in Progress,g the year, first Show listing in colusa (f) Account the amounts 107. Constructio

$ l Total Cost Incurred related to the account charged in column e.

04 5. Show in column (g) the total unasortize(d) accumulation 3.In'cldeincolvan(c)allRnally i and in column (d) those ofcostsofprojects.

l es; 0 itees performed inter-perforsepoutsideth; Sos-Thistotalsustequalthepalancein briefly describing the s Account 188, Research, Development and Demonstration Expendi4 pany area ofcosting 1 0 4 b (such15 000 as saor more,fety, corrosion control, pecific pollution, tures Outstanding at the end of the year, t 0 automation,,sensuresent,insulationGroup itees under 6. If, costsby

$5,000 have not been segregated classiflcakpe of appliance (d)and(f) for etc.)iensan Rorproj numberofitensgrouped.UnderOther,A.(6)andB.(6) classify with such amounts identified by 'Est.'

itees by ty e of R D 7.Reportseparatelyresearchandrelatedtestingfacilities 6.Showinc;oluanfe)&Dactivity.the account number charged with ex-operatedbytherespondent.

CostsIncurredInternallyCostsIncurredExternallyl' AN0 uni $ CHARGE 0 IN CORRENT y[AR I Unamortized Cerrent Year Current year Accumulation Accovit Asount i Line (c) (d) l (9) No.

! 1 l l' l 2 I

1 .

930 $0 3 1 s None $0 1 5 1 61 1 7 1 .

! 8 9

1 31,650 526 31,650 l 10 18,292 1 526 18,292 '

11 I I 30,000 526 l 30,000 i 12 l l 66,669 I 526 669 66,583 l

l 13 ,

8,583 526 l 8, 16 i l 13,985 526 13,985 l 15 8 39,939 526 39,939 l 16 l 1 n,006 526 26,006 17  !

M,257 524 32,257 18 18,047 526 18,047 1 '9 50,000 526 50,000 l

' 20 89,023 526 89,023 21 2,131 526 .... . ... .. 2,131..... l 22 i

... ... .. ..... .. ..... 23  ;

I $622,562 $622,562 1 26 25 1 l

........ . ..... ... ....j .. ....... ... ........ I .... . ..... .... i 26 i None $622,562 $622,562 1 27 l

:::::::::::::::::::::::::  :  :::::::::::::::"s = = 28 l l 29 l l 30 1 31 32 j 33  !

l l 3h 1 Page 353

'"NORTHIAST NUCLIAR INIRGY COMPANY AnOriginal Dec.31,1988 DISTRIBUTION Of SALARIIS AND WAGIS Reportbelowthedistributionoftotalsalariesandwagesfortheyear.Seaegat6aacuntsoriginallychargedto clearing accounts to Utility Departments Ccostruction Plant Renovals and 0 her Accounts and enter such asounts in the appropriate lines and columns provided. In detersin,ing this segrega, tion o salaries and wa clearingaccounts,asethodofapproximationgivingsubstantiallycorrectresultssaybeusedgesoriginallychargedto Allecatienof PayrollCharged Direct Payroll for Clearing -

Line; Classification ~ Distribution Accounts Total No. (a) lb) (c) (d)

Il Ilectric l l 2 Operation  ! l 3l Production 23,313,218l 4- ' Transmission 137J l-5 Distribution 6

Custoner Accounts . ' I  !

7 Cultoner Service and Informational i l 'l 8 -Sales l 9 AdsinistrativeandGeneral 74,702: 'l 10 TOTALOperatica(InterTotaloflines3thru9) l 23,388,057 1 l 11, Maintenance 12 1 Production 1 727 l 13 l Transmission 13,139,997i l 14 l Distribution 15 l Administrative and General 16 ,

TOTALMaintenance[InterTotaloflines12thru15) 13,140,724 l 17 Total Operation and Maintenance 18 I Production 945 l 19 Transmission (InterTotaloflines3and121 InterTotaloflines4andf3) 36,452,134 1, 20 Distribution ((InterTotaloflines5and14) l 0  !

21 CustonerAccounts(Transcribefrosline6) 0 1 22 CustonerServiceandInformation(Transcribefrosline7) 1- 0  !

23 Sales 0

.24 Adsini(Transcribe free line 8).

strativeandGeneral(InterTotaloflines9and15 74,702  !

25l TOTAL Operation and Maintenance { Total of lines 18 thru)24) 36,528,781 1,082,8181 37,611,599 26 Gas 27I Operation I !l l 28 Production Manufa:tuted Gas l l 29l Production Natural Gas (Including IIpl. and Dev.)

30 1 OtherGasSupply l 31 Storage, LNG Tersinaling an'] Processing 32 Transsissica 1 33 l - Distribution I l 34 I Custoner Accounts 35 ' Custener Service and Informational l 36 l Sales .

I 1 37 Administrative and General 38 -TOTALOperation(InterTotaloflines28thru37) 39 Maintenance l l 40 l Production Manufactured Gas 1 41 Production-NaturalGas l l

- 42 l OtherGasSupply l l-43 l Storage LNG Terminating and Processing l l 44 Transmission 1 45 1 Distribution 1 46 l AdministrativeandGeneral l I 1 47 I i l

....l......TOTALMaintenance(InterTotaloflines40thru(6)

Page354 i

l l

t

}

C

- NORTHIAST NUCLIAR INIRGY CCMPANy AnOriginal Dec. 31, 1988 DISTRIBUTION OF SALARIts AND WAGES (Continued) l ............................................................................................................................

l Allocationof PayrollCharged DirectPayroll forClearing

Line Classification Distribution Accounts Total

! No. (a) (b) (cl (d)

Gas (Continued) I l l l

48 Total Operation and Maintenance I

! 49 I Production Manufactured Gas (Inter Total of lines 28 and 40) i l l 50 Production Natural Gas (Including Expl. and Dev.) (Total  ! l I of lines 29 and 41) l l 1 51 OtherGasSupply(InterTotaloflines30and42 1 52 Storage, LNG, Tersinaling and Processing (Total o)f lines l l 31 and 43) l 53 Transmission (InterTotaloflines32and44) I 1 54 Distribution (InterTotaloflines33and45) i l 55 i l J 56 CustonerAccounts(Transcribefresline34)ibefresline35)

CustoserServiceandInformational(Transcr  ! l l

57 I Sales (Transcribefromline36) l l 58 l AdministrativeandGeneral(InterTotaloflines37and46) 1 59i TOTALOperationandMaint.(Totaloflines49thru58) l 60 OtherUtilityDepartments l 61 OperationandMaintenance 1 62 l TOTALAllUtilityDept.(Totaloflines25,59,and61) 36,528,781 1,082,818 1 37,611,599 63 I UtilityPlant l 64 ' Construction (ByUtilityDepartments) l 65 I IlectricPlant 324,207 1 324,207 66 GasPlant l 0 67 l Other l 0 d8 TOTALConstruction(InterTotaloflines65thru67) 324,207 0 1 324,207 69 PlantRenoval(ByUtilityDepartment) 1 70 ElectricPlant l 0 l 71l GasPlant l 0' 72 I Other 1 0 73 TOTALPlantRenoval(InterTotaloflines70thru72) 0 01 0 74 OtherAccounts(Specify): l 75 Custoser Accounts Receivable i l 0l 76 Miscellaneous ' I  ! 0 77 l AccountsReceivablefresAssociatedCospanies(Account 146) l ,

66,397 78 I InjuriesandDasagesReserve(Account 228)(rebilledtothe 79 i cwning companies l 21,141 80 Misc Deferred Deb)its Payroll Advances 5,719 81 1 I l 82 1  ! l I 83I l 84 l l l 85 l l 1 1 86  ! 1 i'

87 l l [

88 l 89 l l l I 90 l l l 91 1 l l I 92 1 93l l l 94 'TOTALOtherAccounts l 1,176,075 (1,082,818)l l 93,257 g5 ............... 1 ................l ................

96 TOTAL SALARIIS AND WAGES I 38,029,063 1 0 1 38,029,063 i Page 355 o .

NORTHEAST NUCLEAA ENERGY COMPANY An Original Dec. 31, 1988 ENVIRONMENTAL PROTECT 10N FACILITIES

1. For purposes of this response, environmental protection (3) Monitoring equipment facilities shall be defined as any building, structure equipaent, (4) Other, orimprovementdesignedandconstructedsolelyforcon- B. Water pollution control f acilities facilityduction,preventionorabatesentofdischargesorreleases re (1) Cooling towers, ponds, piping, pumps, etc.

trol, intothe environment of gaseous, liquid, or solid substances (2) Waste water treatment equipsent heat, noise or for the control, reduction., prevention, or abate- (3) Sanitary waste disposal equipsent sent of any other adverse ispact of an activity on the environ- (4) Oil interceptors sent. (5) Sediment control f acilities

2. Report the differences in cost of f acilities installed for en- (6) Monitoring equipaent vironmental considerations over the cost of alternative f acilities (7) Otter, which would otherwise be used without environmental con- C. Solid waste disposal costsi siderations. Use the best engineering design achievable without (1) Ash handling and disposal equipeent environmental restrictions as the basis for determining costs (2) Land without environmental considerations, it is not intended that (3) Settling ponds special design studies be made for purposes of this response. (4) Other.

Base the response on the best engineering judgesent where D. Noise abatesent equipsents direct comparisons are riot available. (1) Structures include in these dif ferences in costs the costs or estimated (2) Mufflers costs of environmental protection f acilities in service, constructed (3) Sound proofing equipsent or sodified in connection with the production, transmission, and (4) Monitoring equipment distribution of electrical energy and shall be reported herein for all 15) Other such environmental f acilities placed in service on or af ter E. Esthetic costs:

January,1,1969, so long as it is readily determinable that such (1) Architectural costs f acilities were constructed or sodified for environmental rather (2) Towers than operational purposes. Also report sisilar expenditures for (3) Underground lines environmental plant included in construction work in progress. (4) Landscaping Estinate the cost of f acilities when the original cost is not (5) Other, available or f acilities are jointly owned with another utility, pro- F. Additional plant capacity necessary due to restricted vided the respondent explains the basis of such destinations. o.itput free existing f acilities, or addition of pcif ution Exasples of these costs would include a portion of the control facilities.

costs of tall smokestacks, underground lines, and landscaped 6. Miscellaneous substations. Explain such costs in a footnote. (1) Preparation of environmental reports

3. In the cost of f acilities reported on this page, include an (2) Fish and wildlife plarts included in Accounts 330, estimated portion of the cost a plant that is or will be used to 331 332, and 335 provide power to operate associated environmental protection (3) Par $s and related f acilities f acilities. Explain such estimations in a footnote. (4) Other.

4. Report all cests under the major classifications provided 5. In those instances when costs are ccepcsites of both actual below and include, as a siniaus, the itees listed hereunder supportable costs and estiaates of costs, specify in coluen A. Air pollution facilitiest (g) the actual costs that are included in coluen If).

etc. 6. Report construction work in progress relating to environ-(1)

(2) ChangesScrubbers, necessary procipitators, tall sackestacks, to accessodate use of env iron- mental facilities at line 9.

sentally clean fuels such as low ash or low sulfur fuels including storage and handling equipsent. ............ -.......... ..........

Balance at CHANGES DURING YEAR Balance at End Actual Line No. Classification of Cost Additions Retirements Adjustments of Year Cost (a)

Beginning)of (b

Year (c) (d) (e) (f) (g) 1 Air Pollution Control Facilities 222,513 222,513 7 191 1,056,289 5,436 1,061,725 185,,939 2 Water Pollution Control Facilities 3 Solid Waste Disposal Costs 15,405 15,405 15,405 4 Noise Abatesent Equipment 70 498 70 498 5 Esthetic Costs 32,,301 32,,301 7,301 6 Additional Plant Capacity 7 Miscellaaous (identify significant) 1,183 300 1 183,882 82 2,580,582 5 736 2,5B6,324 297,066 902 8 TOTAL (Total of lines I thru ?) 588 ,

6,023,,329 9 Construction Work in Progress 6,023,,329 XIXIIIX XXXXXIX IXXXXII 6,023,329 9

Fage 430 t

l

NORTHEAST NUCLEAR ENERGY COMPANY An Original Dec. 31, 1988 ENVIRONMENTALPROTECTIONEXPENSES

1. Show below expenses incurred in connection with the use of environmental protect-ion facilities the cost of which are reported on page 428. Where it is necessary that allocations and/or estimates of costs be sade, state the basis or method used.

2. Include below the costs incurred due to the operation of environmental protection equipment facilities and prograss.

3. Reporf expenses un, der the subheadings listed below.

4. Under ites 6 report the difference in cost between environmentally clean fuels and the alternathe fuels that would otherwise be used and are available for use.

5. Under ites 7 include the cost of replacement power, purchased or generated, to cospensate for the deficiency in output free existing plants due to the addition of pollution control equipsent use of alternate environmentally preferable fuels, or environmental regulations oI governmental bodies. Basetheprlceofreplacesentpower purchased on the average systes price of purchased power if the attual cost of such replacement power is not known. Price internally generated replacement power at the systes average cost of power generated if the actual cost of specific replacement generation is not known.

6. Under ites B include ad valores and other taxes assessed directly on or directly relatable to environmental facilities. Also include under ites 8 licensing and sistlar i fees on such facilities.

l 7. In those instances where expenses are composed of both actual supportable data 1 and estinates of costs, specify in coluan (c) the actual expenses that are included in coluen Ib).

Line Classification of Expense Asount

• Actual Expenses No. (a) (b) (c) 1 Depreciation $157,591 2 Labor Maintenance Materials, and Supplies Cost 3 RelatedtoEnv.,FacilitiesandPrograss 1,122,989 4 Fuel Related Costs 5 Operation of Facilities 6 Fly Ash and Sulfur Sludge Renoval 7 Difference in Cost of Environmentally Clean Fuels l 9 Replacement Pcwer Costs l 10 Taxes and Fees 19,464 l 11 Administrative and General 66,719 12 Other (Identify significant) 13 14 TOTAL 1,366,763

===

1 All asounts shown in cn'uan (b) are actual expenses.

Page 431

l INDEX l Schedule Page No. l Accrued and prepaid taxes- . ... . . .... ..... . . ..... . .. . . 262-263 Accumulated Deferred income Taxes . . . . . . . . ... . .. . 234 j 272 277 Accumulated provisions for depreciation of l common utility plant . .. . ... . .. . . .. . 356

-l utility plant . . . . . ... . . .. . .. . . ... . 219 1 utility plant (summary) . . . . .. . ... ... . .. . ..... ... - 200-201 Advances  !

from associated companies . . . .. . . .. .. ... . . .. 256'267 Amortization miscellaneous . . . . .. . ... ... . .. . . . ... 340 i of nuclear fuel .. . .. .. .. . .. . . .. . .. 202-203 ,

Approp iations of Retained Earnings . . . . . . . .. . . . .. . .. 118-119 i Associated Companies l advances from . . . . . , . .. 256-257

- corporations controlled by respondent . .. . 103 control over respondent . . ... . . . .. . ... . 102 interest on debt to . .. . . . . .. ... . ... . 256-257 l Attestation . . . .. ... . . 1

{

Balance sheet '

comparative .. . . ... .. . . . . 110-113 notes to . . .. . . . . . 122-123 Bonds. .. . . . .. .. . 256-257 j Capital Stock . .. . .. . . . . . 251 discount. . . . .. . . .. .. . 254 expense. . . . ... . . . . . 254 installments received . . . . 252 premiums .. .. . . . . . .. . 252 reacquired . . . . . .. . . .. . . 251 subscribed . . . . . . . . . 252 Cash flows, statement of . . . . 120-121 Changes important during year . . . . .. 108-109 Construction overheads, electric . . .. . 217 overhead procedures, general description of . . . . . 218 work in progress - common utility plant . . . . . 356 work in progress - electric. . 216 work in progress - other utility departments . 200-201 Control corporations controlled by respondent . . .. 103 over respondent . . . . .. . . . 102 security holders and voting powers. . . . . 106-107 Corporation controlled by . . .. . . ... . . 103 incorporated . . . . . 101 CPA, background information on . . . . . 101 CPA Certification, this report form . . .. . . . 1-il l 1 l

l l

FERC FORM NO.1 (ED.12-88) Index 1 l

l 1

INDEX (Continued) l Schedule Pago No.

Deferred credits, other. . . . .. .. . . . 269 debts, miscellaneous .. .. . 233 income taxes accumulated - accelerated amortization property . . . ., , . 272 273 income taxes accumulated - other property. 274 275 l income taxes accumulated - other . 276-277 income taxes accumulated - pollution control facilities . . . 234 Definitions, this report form . . , , ... .. . iii Depreciation and amortization ,

of common utility plant. . . . 356 1 of electric plant. .. 219 I 336-338 Directors 105 I

^

Discount on capital stock . .. . . 254

+ Discount - premium on long-term debt . . . 256-257 Distribution of salaries and wages. 354 355 118-119 l Dividend appropriations .

Earnings, Retained . . .. . 118 119

• 401 Electric energy account . . . .

Environmental protection

? expenses. .. . . . 431 facilities . . . .

430 Expenses

- electric operation and maintenance .. 320-323 electric operation and me:ntenance, summary. 323 unamortized debt . 256 Extraordinary property losses. .

230 Filing requirements, this report form . . i-ii General description of construction overhead procedure. 218 General information .

. 101 General instructions .. . .. . . . i.vi Generating plant statistics hydroeleckic (large) . . . 406-407 408-409 pumped storage (large) small plants. . . . . 410-411 steam-electric (large) . . . 402-403 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 deductions, intarest on debt to associated companies 340 deductions, miscellaneous amortization 340 deductions, other income deduction . 340 deductions, other interest charges . 340 Incorporation information 101 Installments received on capital stock. 252 Interchange power 328-329 FERC FORM NO.1 (ED.12-88) Index 2 j

h ,

i

~

INDEX (Continued)

Schedule Pape No. i I

Interest charges, on debt to associated companies . 340 I charges, other . . 340 -

charges, paid on long-term debt, advances, etc. 256-257 investments nonutility 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 22.

Meters and line transformers . . 429 I Miscellaneous general expenses . 335 i 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, statis'.ics 402-403 Number of Electric Department Employees 323 Officers and officers' salaries. 104 Operating expenses - electric . 320-323 expenses - electric (summary) , 323 Other paid-in capital . 253 donations 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 accumulated provision for depreciation 356 acquisition adjustments 356 allocated to utility departments 356 completed construction not classified . 356 construction work in progress 356 expenses. 356 held for future use 356 in service 356 l leased to others,, 356 i Plant data 217-218 l 336-338 401-429 l

I FERC FORM NO.1 (ED.12 87) Index 3

)

INDEX (Continued)

Schedule Page No. j l

Plant - electric j accumulated provision for depreciation . . 219 construction work in progress . 216 held'for future use . . 214 in service . . . , 204-207

, leased to others . . . . 213 l Plant - utility and accumulated provisions for depreciation amortization and depletion (summary) - . .. . . 201 Pollution contro! facilities, accumulated deferred ,

income taxes . .

, 234 l i Premium and discount on hnterm debt . . 256 Premium on capital stoch . . . . 251 Prepaid taxes . . . 262 263 l Property - losses, extraordinary . . 230 Pumped storage generating plant statistics . 408-409 Purchased power . 326-327

, Reacquired capital stock . . 250 Reacquired long-term d3bt . 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 Research, development and demonstration activities 352-353 Retained Earnings amortization reserve Federal . , , 119 appropriated 118-119 statement of, for the year . 118-119 unappropriated . . . 118-119 Revenues - electric operating 300-301 Salaries and wages e 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 Statement of Cash Flows . . 120-121 Statement of income for the year 114 117 j Statement of retained earnings for the year . . . 118-119 Steam-electric generating plant statistics .

402-403 Stock liability for conversion. 252 Substations .

426 l Supplies - materials and 227 l

FERC FORM ND.1 (ED.12 88) Index 4 l

! I i >

INDEX (Continued)

Schedule Page No.

Taxes accrued and prepaid 262 263 charged during year . . 262-263 on income, deferred and accumulated . . . . . . 234 272-277 reconciliation of net income with taxable income for. . . . 261 Transformers, line - electric . 429 Transmission lines added during year . . . 424-425  !

lines statistics . . ,

422-423 i of electric for or by others . 332 Unamortized debt discount 256-257 debt expense . . 256-257 premium on debt 256-257 l Unrecovered Plant and Regulatory Study Costs 230 i

l FERC FORM NO.1 (ED.12 87) Index 5 I

- _ _ _ _ _ _ _ _