ML20003H732

Annual Financial Rept 1979

ML20003H732
Person / Time
Site:	River Bend
Issue date:	05/05/1981
From:	CAJUN ELECTRIC POWER COOPERATIVE, INC.
To:
Shared Package
ML20003H730	List: ML20003H729 ML20003H732
References
NUDOCS 8105070348
Download: ML20003H732 (14)

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PRESIDENT AND MANAGER'S REPORT s m'-f:::- - m*4 W;;c;;; had a scheduled availability of 97 per cent,

. % .hi $ " I':: ;y:$ :!: while Unit No. 2 had a 100 per cent

" 'r - :. T ~ ". 7t...' ,, ;; scheduled availability. Inspections of D :: *: ' : ' ' M jj boiler, turbine, and related equipment in-

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: ,t dicated no major problems, which is a real

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-T. S:l :- tribute to all employees concemed with the

-  : ,$ . -F operation and maintenance of this plant.

[:;...liE y (j g7 "jy q Big Cajun No. 2, after being delayed by numerous prob! cms, is now on line. Unit i

, y No.1 is presently at the completion of P "li i g start-up sequences, while Unit No. 2 is

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, scheduled for start-up in January,1981.

We now have 11/2 million tons of coal f"f S O  % stockpiled. Unit No. 3 is now scheduled for I

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gd completion in January 1983, and approxi-mately 80 per cent of the equipment and

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LEGISLATIVE AFFAIRS JAMES R. SMITH JOI1N RANDALL in compliance with the nation's energy General Manager President policies, Cajun is using attemative fuels and will be exploring other methods of This has been a successful year for Cajun generating power. It has become increas-Electric Power Cooperative, and as presi. Ingly ImPortant to watch various legislat,ve i dent and general manager we express our pmposals in Congress. Of primary impor-deep appreciation to the board ofdirectors tance th,s i past year were the proposed Rail support Act of 1980 and proposed legislation in the

,' forFinal its plans untiring'are comp. lete for Cajun's new Congress to limit to a reasonable 12.5 per I

administrative offices to be located adja- cent the amount states can collect in coal

! cent to the Association of Louisiana severance taxes.

! Electric Cooperatives' office in Baton Working through ALEC, we are support-Rouge. Groundbreaking is scheduled for ing an amendment to the railroad deregu-September,1980. The proposed two-story lab n legislat,on i (Rail Act of 1980) that o ffice building will have 37,500 square feet w uld provide some protection for capt,ve i of office space and will house the ad- coal shippers. Louisiana's Congressional

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ministrative staff currently located in New delegation is either co-authoring or sup-Roads. Porting the bill to limit coal severance Cajun accepted as complete the new en- tam.

crgy control building expanding Cajun's In the Loiils,ana t Leg,slature.

i Icgislation current New Roads headquarters building exempting hviM and uranium fuel rods complex. The 17,000 square feet building Imm loc I and 4 ate sales taxes was houses the bulk telemetering equipment, approved.

the computer compicx and rrovides addi-tional office space. FINANC: %L AFFAIRS Cajun recorded another"first" recently.

PRODUCTION DuringJune,1980, Cajun issued $72.6 flig Cajun No. I produced 1,116,821,- million in tax free pollution control munici-000 kilowatt hours during 1979. Unit No. I pal bonds through the cooperation of the 8105 0 703W

l PoliceJury of Pointe Coupec Parish. The tally acceptable manner without unneces-tww year bonds are unconditional obliga-tions of Cajun. sary and costly pollu tion con trol. The siting Cajun and the parish plan to issue re- studies associated with Louisiana's first placement bonds in 1982 which will have lignite fired steam electric station Cajun No. 2 have also been completed and the ,

maturities of one to 30 years. The replace- l ment bonds will be used to pay off the impact assessment is currently under re-existing in terim bonds and will serve as the view by the regulatory agencies. Concur- ,

I rently, the impact statement associated permanent source of financing for the pol- with CEPCO's participation in the River lution control facilities.

The two year maturity for theinterim Bend nuclear plant is also completed and in the review process, bonds was selected because of the unpre-cedented run-up in interest rates that oc- To more effectively deal with the myriad curred in late 1979 and early 1980 as Cajun of environmental issues associated with was preparing to issue permanent bonds. such a diverse fuel mix and dPCO's un-precedented involvement in the state and The tax-free feature will save money for federal environmental arena, an Emiron-Cajun and its consumers because of the mental Affairs Department (EAD) has been .

lower cost ofinterest. The interim bonds created within CEPCO to provide some or-will havea face rate of 81/4% and were ganization and direction to both present issued when the " prime rate"was over 19%. and future cfforts. The EAD will provide The $72.6 million bond proceeds will be cxpertise, direction and support regarding used to pay for a portion of the cost of the on-going air and water monitoring, permit acquisition renewals etc. In the area of necessary pollution control facilities at Big new plants such as Big Ljun Oxbow the Cajun No. 2. These facilities inciude a coal dust control system, a solid waste disposal EAD will directly administer the licensing system, a water cooling system and a mas- procedm e, especially in relation to impact "

sive precipitator system. The precipitator assessment, emironmental studies, per-mit negotiations, and monitoring require-2 system itselfcost over $48 million and rep-ments to insure the most favorable regu-resents the latest technology in controlling latory requirements and prevent unneces-water.

sary controls.

ENVIRONMENTAL AFFAIRS Id ddition to plant oriented responsi-As it grows, CEPCO, like most multibil- bilities the EAD will:

h,on dollar industries, is attempting to not - monitor to review new environmental only better serve its members but also t laws and regulations and their effects I.

provide a better quality of life to all Louisi- on the Co-ope-~ f

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' annans. In order to achieve these goals . - overview all future siting, impact as- I CEPCO has been steadily progressing with sessment and permitting;  !

its plan for , increased generation capacity - environmental expertise to member  !

while diversifying its fuel mix with coal, cooperatives. i lignite and nuclear power-away from a costly foreign oil. In concert with tnis effort EXISTING AND 4 however, CEPCO has remained keenly PROPOSED GENERATING PLANTS -

aware of the close link between quality of As the demand for powerincreases, we

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life and quality of the environment. ,

must plan and build new generating plants i in response to this relationship CEPCO to provide the electricity needed for the has completed in depth emironmental future. j and permitting studies at Cajun No. 2 l The following is a breakdown ofgenerat-which have been reviewed and accepted by ing plants completed, under construction, [

the EPA. Through these studies CEPCO has and planned, which illustrates ourcommit-been successful in proving that electric power can be generated in an emironmen- ment to assure a stable and continuous powersupply to our member systems.

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PLANT: BIG CAJUN #1 PLANT: BIG CMUN OXBOW Location: New Roads near Location: Coushatta, La. (50 miles Mississippi River southeast of Shreveport)

MW Size: 230 MW (Two 115 MW units) MW: 540 MW (with potential future 540 MW)

Fuel Type: Natural Gas fuel Type: Louisiana Lignite Cost of Plant: $32 Million ( 1972 dollars)

Numberof Employees:38 Cost of Plant: $733 Million (for first unit)

Numberof Employees: 120 Community Economic Impact:

Community Economic impact:

$4 Million Annually

$17.5 Million Annually Construction Started: 1969 Completed: June,1972 Construct 0:: to Start: Early 1981 Scheduled Cornpietion: first Unit-1985 PLANT: BIG CMUN #2 PLANT:

Locat. ion: New Roads near *RIVERBEND NUCLEAR FACILID' Mississippi River Location: St. Francisville(near MW Size: 1,620 MW(Three 540 MW Mississippi River) l units) MW Size: 940 MW FuelType: Westem coal fuel Type: Nuclear Cost of Plant: $1.1 Billion Cost of Plant: $ 1.7 Billion i Number of permanent employees: 174 Number of Employees: About 200 Community Economic Impact: Community Economic impact:

$20 Million Annually $20 Million .

Construction Started: 1976 Construction Started: 1977 Scheduled Completion: 1983 (all three Scheduled Completion: 1985 units)

• Built by Gulf States Utility Company. 3 Cajun is purchasing 30% from G5U.

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To BE LoCATtD AnJACENT To A.L.E.C. SU' ILDING.

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FINANCIAL REPORT 3 ,

Net Margins for 1979 amounted to 59,309,676 compared with $1.128,636 in 1978. A totalof I

$ 12,256,053 in Patronage Capital has been

'-g declared to Cajun Members.

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Total operating revenue for the year amounted to

.. . 2 $83,175,863. Electric c icrgy saics amounted to

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, s 3 3,946,687,354 KWil, an increase of 9.9% over i

<A q 1978. Peak demand for the year was 1,018. 237 KW,

1w an increasc of 6.7%

M. Cajun's increased cost of powcr is evidenced by an average cost of 21.347 mills for 1979 as com-pared to 18.018 mills for 1978, an incr.

ase of 3.329 l mills and a continuation of the steep climb of power cost since 1973.

The average cost of power to the members for 1979 was 21.075 mills, compared with 16.413 mills ~

for 1978, an increase of 4.662 mills. This increase is attributed to additional cost of fuel, inflation and the J.S. ROBBINS decision by the board to raise its rate in order to Secretary Treasurer assist in meeting Cajun's capital requirements.

The records of the Cooperative are audited by flawthorn, Waymouth and Carroll, Certified Public

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Accountants, and in their opinion the statements in this report represent a true picture of the financial condition of the Cooperative. In the opinion of the Secretary-Treasurcr and the Certified Public I

Accountants, the records,tre being kept in accord-ance with the guidelines established by the Rural Electrification Administration and the Board of Directors.

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I CAJUN ELECTRIC POWER COOPERATIVE, INC. '

i REVENUE AND EXPENSES COMPARED 1979 1978 1977 KEVENUE Sales of Electric Energy S 83,175,863 $ 58.9M.246 S 36,525.671 Other Resenue  !

, 517,713 157,920 135.320 Total S 83.693.576 5 59.092,166 t

$ 36.660.991 i EXPENSES AND CilARGES thrctused Power S 63.374,461 S 45,888,150 $ 16.332.506 .

Other Powcr Supply Espenses CA. 202 117,174 CA 856 Operation N Mainterunce Espenses 8.032.095 9.334.808 7,150.0 9 Administratisc N Ocncral tspenses 1.088,816 855.910 712.8>/

Consumer Accounts Expenses 7.038 6.241 Dep.cciation 4.638 e 1.050.988 1,(MO.294 1.052,779 6 Interest 650,077 666.409 681,201 '

Tases 116.223 - 54,544 l 46.667 '

Total Espenses and Charges S, 74,383,900 S 57,963,530 $ 36.047.563 NET MARGIN $ 9.309.676 $_ _1,128.636 $ ,613.428

COMPARATnEISALANCE SHEET ASSETS AND OTHEH DEBITS Dec.31,1;79 Dec.31.,1 7] Dec. 31,1377 Electric Plant in Service at Cost $ 36.I18.320 $ 35.862.463 $ M 320.133 Construction Work in Protyess 240.973.252 349.M2.402 _175.138.21_6

$ 57.'.091.572 $ 385.204.865 $ 209.458.349 Accumulated Prousion for Depreciation -

1.01).714 6.316.140 5.273.97-)

$ 569.073.858 $ 378.888.725 4 204.184.375 Electric Plant fleid for future Use 360,126 380.126 988.533 Net Utility Plant $ 569.453.9M $ 379.268.851 $ 205.172.908 OTHER PROPERTY AND INVESTMENTS .

Non Utility Property $ 752.907 $ 602.766 Investments in Assocloicd Ortpnizations'

$ 602.766 21.773.359 12.990.08I 4.524.256 Notes Receivable frord Associated Organizations 255.000 255,000 _

255.000

$ 22.781.266 $ 13.M7.847 $ 5.382.022 CURRENT AND ACCRUED ASSETS -

Cash General $ 980.129 $ 426.134 $ 149.867 Cash - Construction 27.787 27.787 27.686 Accounts Reccisable 10.008.980 5.012.434 Fuct and Supplies at Ccst 3.771.125 --

21.225.187 1.443.439 619.920 i Prcpa>Tnents 58.639 35.4 % 48.172 Specla! Depos ts 7.657 2.7 I i 1.6CA Other Current and Accrued Assets 73.852 43.531 28,83I

$ 32.382.231 $ 6.991.530 3 4.647.265 DEFEhKED CitARGES Deferred Power Plant Pre-Operational Costs $ 4.738.463 $ 1,472.385 $ 168.635 Other Deferred Debits 2.733.405 703.089 320.224 Restricted runds 4.515.857 4.101.077 38.890

$ 12.037,725 $ 6.276.55I $ 527.749 TOTAL A55ETS AN00THER DESITS $==636.655.206 $ 406.3M 779 $ 215.729.944

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Note I: $ l.5 t I,SD % the imes::nent in Cap tal Term Certifkates of NRUCrt 5

$2G 260,a32 h %: i.netment 6n Claw C Staxk of New Oricans Ibnh for Cooperatnes i

LIABILITIES AND OTHER CREDITS Dec.31,1979 Dec. 31,1978 Dec.31,1977 EQUITIES AND MARGINS Memberships $ 1.300 $ 1.300 $ I.300 Patronage Capial Assigned 12.256.053 2.946.377 1.817.74I --

Donated Capital 405.942 405.M2 405.942 )

$ 12.663.295 $ 3.353.619 $ 2.224.983 l LONG TERM DEBT '

4 REA Mortgage Notes $ 43.M8.615 $ 43.926.797 $ 44.628.626  !

TTB Construction Notes 208.774.609 158.774.609 102.774.609 i NOSC Construction Notes _295 M9.647 _130._151.374 _

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$ M7,372.871 $ 332.852.780 $ 147.403.235 [

CURRENT AND ACCRUED LIABILITIES  !

Notes Payable New Oricans Bank for  !

Cooperatives $ 28.465.000 $ 36,163.731 $ 43.096.orm Accoun's Payabic 41.255.6fA 28.929,464

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19.983.213  !

Interest Accrued 73.124 74.982 2.193.974  !

Tases Accrued 40.938 1.358 .

Pa) Toll Accrued 208.303 74.M7 17.08i Other CurTent Liabilitics and >

Accrued Liabilities I.77 I.346 612.727 609.493

$ 71.814,375 $ 65,855.751 $ 65.901.199 RESERVES P-Deferred Compensatbn $ 38.889 $ 38.889 $ 38.884 I Property insurance Reserve 281,262 . 221.552 161.638  !

Deferred Credit Due to Members 4.484.514

• 4.062.188 0-l

$_4. 804.665 S. 4.322.629 5 200.527 j TOTAL LIABILITIES AND OTilER CREDITS $ 636.655.206 $ 406._384.779 $ 215.729.M4 i L

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ELMER1055 G. P. Tl10 MAS Claiborne Electric Cooperative. Inc. i f'? \, l-b} M.* ,

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P0bRORIGINAL

MEMBER COOPERATIVES'STATISTICA L INFORMATION (THOUSANDS OF DOLLARS)

SUMMARY

OF OPERATIONS Beauregard Bossier Claiborne Concordia Dixie Operating Revenue $ 11,750 $ 4,747 6,883

$ $ 5,809 $ 23,196 Purchased Power 6,681 2,658 4,038 3,070 13,071 Operation & Maintenance 2,599 1,054 1,397 Depreciation 1,468 4,195

• 742 388 547 600 1,896 Taxes 307 95 177 178 669 Interest 1.(M4 507 481 638 2,423 -

Other Deductions 3 10 Operating Margins 11 89 374 35 232 (145) 853 Non Operating Margins 840 307 470 Net Margins 334 1,322 S 1,214 $ 342 $ 702 $ 189 $ 2,175 BALANCE SEEET DATA L Assets:

Total Utility Plant S 31,831 $ 14,460 $ 19,995 $ 20,555 $ 68,739 Less: Accum. Depreciation 5,552 2,657 4,610 4,477 "

6,634 Other Property & Investments 2,309 887 1,337 1,073 3,149 Current & Accrued Assets 2,355 1,423 1,704 1,082 4,784 Deferred Debits 144 308 Total Assets 14 56 609 S 31,087 $ 14,421 $ 18,440 $ 18,289 $ 70,647

.Llab!!ities: ,

Margins & Equities S 6,807 $ 2,597 $ 5,879 $ 2,298 $ 8,055 Long Term Debt 22,554 11,051 IL848 15,4'27 59,244 Current & Accrued Liabilities 1,702 695 654 525 3,331 Deferred Credits 70 r 59 18 17 i Operating Reserves 24 8 21 '

Contributions 0- 0- Total Liabilities S 31.087 $ 14,421 $ 18,440 $ 18,289 $ 70,647 OTHER STATISTICS Miles of Line 3,816 1,719 3,188 2,213 5,i12 Consumers Served 25,771 9,959 15,979 10,221 36,723 Consumers per Mile of Line 6.75 5.79 5.01 4.61 7.18  :

Total MWM Sold 280,859 113,928 173,938 125,931 546,958 KWM Sold per Consumer 10,898 11.440 10,885 12,321 14,894 j Revenue per KWM Sold .04184 $ .04167 S $ .03957 $ .04613 $ .04241 t Annual Revenue per Consumer $ 456 $ 477 431

$ $ 568 $ 632 Plant Investment per Consumer $ 1,235 $ 1,452 $ 1,251 $ 2,011 1,872

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L 12,541 S 13,913 $ 8,275 $ 25,381 S 57,077 $ 4,085 S 35,603 S 25,958 2,800 3,718 647 2,978 9,485 1,048 7,313 4,572 1,306 1,028 844 1,720 f

2,720 450 2.395 1,781 1,079 1,262 733 1,978 6,698 763 2,235 2,175 g 24 57 162 60 29 26 58 12,150 $ 12.542 S 9,367 $ 26,161 S 57,039 $ 4,250 $ 32,946 S 25,400 3,586 S 4,109 $ 533 $ 5,133 $ 40,435 S 3,904 S 7,898 $ 6.244 7,768 7,936 7,665 19,821 14,524 5 23,401 17,990 527 486 1,078 1,174 1,536 236 1,625 1,104 269 11 30 8 218 105 22 62 {

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12,150 S 12,542 $ 9,367 $ 26,161 S 57,039 $ 4,250 $ 32,946 S 25,400 I i

1,258 2.283 839 932 6,416 668 5,906 3,436 7,513 12,791 7,716 13,165 55,032 6,657 31,171 20.052 i 5.97 5.60 9.20 14.I 8.58 9.97 5.28 5.84 141,449 l 143,506 88,G41 292,311 921,566 91. M 9 317.333 314,770 .

I8,827 11,220 11,410 22,204 16,746 13,722 10,180 15,698 j

.03428 $ .03860 $ .0%244 S .03503 $ .03339 $ .03607 $ .04039 $ .03467  ;

645 $ 433 $ 484 S 778 $ 559 $ 495 S 411 S 544 ~

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CEPCO's MEMBER SYSTEMS BEAUREGARD ELECDUC COOPERAIDT, INC.

DeRIDDER POINTE COUPEE ELECDUC MEMBrJLSillP CORP.

NEW ROAD 6 Rev. W.S. Baggett, president, LeBlanc; 5.J. Welbom, DeRidder; Leon Stracener, Sugartown; tiomer C. Becson, J.M. tiolloway, president, Maringouin; rrank Merrick, Pitkin; Tom W. Simmons, DeRidder: Edward fontenot. Kin- Lettsworth; Mrs. Frank Rice. Ntchelor; Ricturd Glynrt Ven-tress L.G. Crochet. Lenarre; Mrs. Eleanor L. Sanders. Port der; Adce Manual. Oberlin; tiemun J. Blackmon, Leesville Carl flanchey, attomey, laske Charles; 11orace Wing:ite, Allen: Bemice Chustz. fiatchelor; Tom Jewell, attomey, manager, DeMidder; Carlit. Talbert, I;ike Charles. New Roads; Alfred A. Robinson, manager, New Roads.

BOSSIER RURAL ELECDUC FIEMBERSt11P CORP. SOUT11 LOUISL4NA ELECDUC COOPERATnt ASSN.

BOSSIER CMY 1100MA O.B. Mitchell president Doyline by Nmett, Plain De. hy Brien, Jr., president, t1ouma; tiaroid rolse, Sr., Kace.

ating; M.A. Reeves. Jr., Bossier City: Wittiam M. Conly, land; Kenneth A. Nrrilicaus. flouma:Jeffrey Scott. Dulac; Rinngold; Warren Dement, tiaughton; M.nic W. Ntchings, Mrs. Eula Dufrene. Mathews M.P. Dupont. GLson; Coushatta; Charles E. Roemer, IL Bossier City; ford E. Norman LeBoeuf. Donner; Ircton A. Brien, tiouma; Noble -

Stinson, attomey, Benton; D.L. Knight, manager, Bossier Benoit. Amelia; Duval, funderburk, Sundbeny, & Laell.

City: Joe Waggonner, Jr.,

Benton; Mrs. Susan Adams, Elm Grove. attomeys, flouma; Richard T. Mills, manager, ttouma.

CLAIBORNE ELECTRIC COOPERATnT, INC. SOUrifMTST LA. ELECDUC MEMBERSt11P CORP.

110MER LAFAYETTE James S. Wade, president, fannenille Ralph tiarmon, M.W. Scanlan, Jr., president. Church Point; Dave L 11omer: A.J. Smith, tiaynesville; 5.A. Perritt, Arcadia; G.F. L Aymond. Lafayette; Laura Berard. Breaus Bridge:Jacques Thonus, tiaynesville; C.O. Brown. Tarmerville Lonnie Campbell, Gueydan; Clark Gray, Crowley: Samar Simon, MizclI, lieflin; John D. Sanders, Minden; tiez Elkins, Kaplan; Mrs. B.W. Spell, Rayne Dewey Ledoux. Jr.,

Spearsville; William Shaw, attomey, tiomer: ElmerJ. Poss, Opelousas; tioward T. Young, Jr., Opelousas; Ahin J. -

maruger, tjomer. Guidry, St. Martinville Daniel Thibodeaus, St. Martinville;

• J.J. Davidson, Jr., attomey, Lafayette ticmun Kcsci, CONCORDLt ELECTRIC COOPERATnT, INC. manager, Lafayette.

2 FIRRIDAY

, S.L. Winstort Jr., president Vidalia; R.B. Fritz. Jones-Ville; S.it. Calvert, frogmore Clifford R. King, Terriday: TECllE ELECTRIC COOPERATnT, INC.

f.A. Crawford, Sicily Island; William S. Peck. Jr., Sicily JEANERETTE i Island; John A. Wi!!iams, Montercy; R.L. Scott, Joncsville; tierrin J. Ducotc. Lydia Joseph M. Davis. Jr., president.

Johnny Z. Stutson, tiarrisonburg Jack McLemore Jr., at. Jeanerette Emest Metz. Franklin; Holand J. 5tansbury, tomey, Vidalla Albert A, Torrester, manager, ferriday. Sr., Jeancrette; Doruld Sigue, Jeancrette; Michael W.

Mcdonald, New Iberia; Antoine S. Luke, Franklin Dolan _

i DIXIE ELECTRIC MEMBERS 111P CORP. Neinpeter, New Iberia; tiaroldJ.Junca, Sr., Franklin Earl '

BATON ROUGE G. Luke, Franklin: Donald Lasseigne St Martinsille:

T. Scott McVea, president. Zachary; W.S. McKowert Jr., "" ""Y'#" u mcy, FMnmurWenct, f Jackson; Richard E. Dasis. Amite: Mrs. Stella t anagan, """ 9##' " ""'# '

Prairieville; William Addison, Baton Rouge John Burcit

?

Dznham Springs; Donald B. Williams, Pine Grose Bob R. '

Jones. Clinton; Milton E. McNabb, Livingston: Jack Ratcliff, VALLEY ELECTRIC MEMBERS 111P CORP.

Livingston C.J. Watson, Nker: Mrs. Glenn Webb, Amite NATCilITOCi1ES Jol n D. Spillmart Jackson; John Schwab. attomey, Baton i

G.A. Fletcher, president, Montgomery: William S. Wren.

Rouge A. Paul Wood, manager, Baton Rouge. Coushatta; Elbert Gass,11ombeck;J.C. Miley, Campti; Peter E. Cloutier, Jr., Natchitoches; W.N. Wright Negrect; JEPFT RSON DAVIS ELECTRIC COOPERATHT, INC. John G. Burford, Jr., Gloster: John Larry Nitha zar, advis.

JENNINGS ory, Natchez; Charles Whitchcad, attomey, Natchitoches; y

Joseph L. Tupper, president, Elton; Richard By ter, Lake " """##' " **'

Arthur; Char!cs M. Davis, Jennings; Fritz Lang, Lake Arthur; Eugene C. Todd, Welsh; Robert O. Hackett,13ct!

City SidneyDerouert BellCity: Gamer Nunez, Grand WAStilNGTON-ST.TAMMANY ELECDUC L CORP., INC.

Chenier: W.r. tienry, Jr., Cameron; William N. Knight, PRANRLLTION attomey, Jennings;J.S. Robbins, manager, Jennings.

J.T. Wood, president Talisheck; A.E.Stewmt Bogatusa:

NORTF1 EAST LOUISL4NA POWER COOPERATIVE, INC. J.J. Wamer, Jr., Franklinton; tienry Crairt Angic: Rev.

WINNSBORO Reubin Comist. ML tiermon; hy Lewis, Kentwood; lenard {

t John E. Mndall, president, Newellton; Roy W. McIntyre L Moran, Lacombe; Joe Laird Tolum; Cliff Taunt!croy, '

Dz!hi; E.W. Patrick, Lake Prosidence; Rudolph M. Elkins. Bush; f.W. Watts, !!! and Charles Mike Cassidy, attomeys, Oak Gros e Lum Day, Bastrop; Corlis L. tienry, Ra)ville; Franklinton Lyle Nilingsworth, manager, Franklinton.

George A. Price Winnsboro;luy Bryan, Winnsboro; Michael E. Kilpatrich, Pionect; E. Rudolph Mc!ntyTc attomey, Winnsboro; John Tucker, manager, Winnsboro. L i i

GENERATING PLANT INVESTMENT IN MILLIONS OF DOLLARS

[lO BiLLtON _ _

enae .

Z 9 BILLION _ _

77es 8 BILLION _ ____ _

O O 7 BILLION- ____

O -- _ _

O' _6 BILLION _ _ _ _ _ _ _ _ _ ,

O _ _

O - soes .

- 5 BILLION _ _________ ____

g 3454 4 BILLION _ _

__ . _ _ _ _ r 4 _. 3 BILLION _

_,,J 2958 __ _ ,

-! 2S06 6 O

o L 2:o3 = 0 BILLION Isar _I - __

I BILLION __. _

sie ___

r 677 -

i' 37 ,

ie 7. . . . . .

si e3 es er es si es es a

YEAR I

1 l

I l

1 CAJUM ELECTRIC POWER COOPERATIVE, INC.

P.O. BOX 578 -)

NEW ROADS, LOUISIANA 70760 i (504) 6384326 1

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