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=Text=
=Text=
{{#Wiki_filter:EXHIBIT   II.
{{#Wiki_filter:EXHIBIT II.
Index 350 0
Index 350 0
300 FLORIDA POMfEB & LIGHT COMPANY SUPPLEMENT TO ANNUAL REPORT FOR 1970 250 200 150 TOTAL ELECTRIC SALES Kilowatt Hours 10-Year Growth Trend/Index: 1960 =100 100 CII                                                               O I
FLORIDA POMfEB & LIGHT COMPANY SUPPLEMENT TO ANNUAL REPORT FOR 1970 300 250 200 150 TOTAL ELECTRIC SALES Kilowatt Hours 10-Year Growth Trend/Index: 1960 =100 CII I
O 100


This booklet has been prepared primarily for the information of security analysts and institutional investors and is available to other interested persons. It is not intended for use in connection with any sale, or offer for sale, or solicitation of an offer to buy any securities.
This booklet has been prepared primarily for the information of security analysts and institutional investors and is available to other interested persons.
iiAnA FLORIDA POWER 4 LIGHT COMPANY P.o. BOX 3 I00, MIAMI, FLORIDA 33101
It is not intended for use in connection with any sale, or offer for sale, or solicitation of an offer to buy any securities.
iiAnA FLORIDA POWER 4 LIGHTCOMPANY P.o. BOX 3 I00, MIAMI,FLORIDA 33101


F I. 0   R   I   D   A     P   0   W   E   R     at     L- I   G   H   T       C 0   M   P   A N Y The Company was organized and incorporated under the laws of Florida in December, 1925 and supplies electric service to 560 communities.
F I.
0 R
I D
A P
0 W
E R
at L-I G
H T
C 0
M P
A N
Y The Company was organized and incorporated under the laws of Florida in December, 1925 and supplies electric service to 560 communities.
The territory served lies wholly within peninsular Florida. It includes the Cape Kennedy area, famous Atlantic and Gulf Coast winter and summer tourist areas, thc State's largest and most rapidly developing manufacturing ccntcr, and areas having extensive develop-ments of citrus, bccf and dairy cattle and winter vegctablcs.
The territory served lies wholly within peninsular Florida. It includes the Cape Kennedy area, famous Atlantic and Gulf Coast winter and summer tourist areas, thc State's largest and most rapidly developing manufacturing ccntcr, and areas having extensive develop-ments of citrus, bccf and dairy cattle and winter vegctablcs.
This booklet provides comparative figures for the 6-year period, 1965-70 reflecting the continued sound and rapid growth of the Company's business.
This booklet provides comparative figures for the 6-year period, 1965-70 reflecting the continued sound and rapid growth of the Company's business.
All financial statements shown should be considered in conjunction with notes in the Company's annual reports.
All financial statements shown should be considered in conjunction with notes in the Company's annual reports.
INDEX Page Balance Sheet.
INDEX Page Balance Sheet.
Summary   of Net Change in Plant.
Summary of Net Change in Plant.
Statement   of Income Common Stock     Earnings   and Dividends.
Statement of Income Common Stock Earnings and Dividends.
Resources Provided and Applied Financial Statistics.
Resources Provided and Applied Financial Statistics.
Operating Statistics.
Operating Statistics.
Generating and Distribution Statistics.
Generating and Distribution Statistics.
Capitalization Data Generating Capability Chart                                                 Inside Back Cover
Capitalization Data Generating Capability Chart Inside Back Cover


FLORIDA POWER     IL   LIGHT COMPANY BALANCE SHEET (YEAR END)
FLORIDA POWER IL LIGHT COMPANY BALANCE SHEET (YEAR END)
(Thousands of Dollars)
(Thousands of Dollars)
ASSETS 1970         1969         1968         1967         1966         1965 Plant at original cost In service                           $ 1,402,214    $ 1,268,966  $ 1,143,489  $ 1,040,429      938,031  $ 860,206 Held for futur'e   use.                     18,852      12,701        9,629          5,533      4,274      3,389 Construction work in progress...           242,221      148,256      135,523        77,224      58,748      37,938 Total plant.                           1,663>287      1,429,923    1,288,641    1,123,186    1,001,053    901,533 Less accumulated dcprcciation.....           297,225      266,393      234,704      209,518      187,927    166,878
ASSETS 1970 1969 1968 1967 1966 1965 Plant at original cost In service Held for futur'e use.
 
Construction work in progress...
Total plant net.                       I >366,062    1,163,530    1,053,937      913,668      813,126    734,655 Storm damage reserve fund........               11,712      11,268        10,899        10,591        10,305      9,518 Other investments.                                 434          475            549        ~
Total plant.
633      1,356      2,114 Current assets Cash and cash items.                         10,685      26,767        14,339          7,946    32,598      17,252 Receivables, less reserve.                   26,239        24,267        21,472        16,501      15,929      15,389 Fuel stock....................                3,390        3,352        2,873          3,113      2,557      2,583.
Less accumulated dcprcciation.....
 
Total plantnet.
Materials and supplies net.....             34,334       29,914        25,375        25,573      19,752      23,383 Other current assets.                          4,960        3,875         2,664          2,555      2 223      1,931 Total current assets.                      79,608        88,175        66,723        55,688      73,059      60,538 Dcferrcd debits.                                    235          625          316            369        685        844 Total assets.                      $ 1,458,051    $ 1,264,073  $ 1,132,424   S 980,949       898,531   $ 807,669 LIABILITIES Long-term debt.                           S   670,519   S   600,926   S   551,459   S   442,260     382,802   $ 343,389 Preferred stock.                                36,250       36,250        36,250        36,250      36,250      36,250 Common stock.                                  299,242       299,242      255,283      255,283      255,283     234,202 Capital stock premium and expcnsc...            (2,105)     (2,039)       (2,039)      (2,039)      (2,033)     (2,008)
Storm damage reserve fund........
Retained earnings.                            200,774      172,800      147,537      125,128      103,024     78,372 Total common equity.                      497,911       470,003       400,781      378,372      356,274    310,566 Total proprietary capital.........        534,161      506,253      437,031      414,622     392,524     346,816 Total capitalization                  1,204,680      1,107,179      988,490      8>6,8>2     77>,326     690,205 Customers'eposits.                              35,037       32 233       29,750       27 733       26,034     24,381 Current liabilities Notes payable                                  71,600 Taxes accrued    .                          26,456       24,125       21,101       19,785       29,868      30,841 Other current liabilities.                  50,227        34,704        33,608        27,457       20,869      17,803 Total current liabilities..........      148,283       58,829       54,709       47,242       50,737      48,644 Dcfcrred investmcnt credit.                      17,160      16,864       14,480        11,694        9,303      7,279 Other dcfcrrcd credits                            5,332        4,602        5,819          3,852      3,570      3,122 Contract retentions.                            8,742        8,505        5,071               I Storm damage and other reserves.....            13>522      13,452        13,199        12,935      12,753      12,626 Contributions in aid of construction...          12,941      10,113        7,687          6,468      5,742      5,423 Deferred income taxes.                          l2,354      12,296        13,219        14,143      15,066     15,989 Total liabilities.                  $ 1,458,051     $ 1,264,073   $ 1,132,424   S   980,949     898,531    $ 807,669
Other investments.
Current assets Cash and cash items.
Receivables, less reserve.
Fuel stock....................
Materials and suppliesnet.....
Other current assets.
Total current assets.
Dcferrcd debits.
Total assets.
$ 1,402,214 18,852 242,221 1,663>287 297,225 I>366,062 11,712 434 10,685 26,239 3,390 34,334 4,960 79,608 235
$ 1,458,051
$ 1,268,966 12,701 148,256 1,429,923 266,393 1,163,530 11,268 475 26,767 24,267 3,352 29,914 3,875 88,175 625
$ 1,264,073
$ 1,143,489 9,629 135,523 1,288,641 234,704 1,053,937 10,899 549
$ 1,040,429 5,533 77,224 1,123,186 209,518 913,668 10,591
~
633 14,339 21,472 2,873 25,375 2,664 7,946 16,501 3,113 25,573 2,555 55,688 66,723 316 369
$ 1,132,424 S
980,949 938,031 4,274 58,748 1,001,053 187,927 813,126 10,305 1,356 32,598 15,929 2,557 19,752 2 223 73,059 685 898,531
$860,206 3,389 37,938 901,533 166,878 734,655 9,518 2,114 17,252 15,389 2,583.
23,383 1,931 60,538 844
$807,669 LIABILITIES Long-term debt.
Preferred stock.
Common stock.
Capital stock premium and expcnsc...
Retained earnings.
Total common equity.
Total proprietary capital.........
Total capitalization Customers'eposits.
Current liabilities Notes payable Taxes accrued.
Other current liabilities.
Total current liabilities..........
Dcfcrred investmcnt credit.
Other dcfcrrcd credits Contract retentions.
Storm damage and other reserves.....
Contributions in aid ofconstruction...
Deferred income taxes.
Total liabilities.
S 670,519 S
600,926 S
551,459 S
442,260 382,802 36,250 299,242 (2,105) 200,774 36,250 299,242 (2,039) 172,800 36,250 255,283 (2,039) 147,537 36,250 255,283 (2,039) 125,128 36,250 255,283 (2,033) 103,024 497,911 534,161 1,204,680 470,003 506,253 1,107,179 400,781 437,031 988,490 378,372 414,622 356,274 392,524 8>6,8>2 77>,326 35,037 32 233 29,750 27 733 26,034 71,600 26,456 50,227 24,125 34,704 21,101 33,608 19,785 27,457 148,283 58,829 54,709 47,242 16,864 4,602 8,505 13,452 10,113 12,296 17,160 5,332 8,742 13>522 12,941 l2,354 14,480 5,819 5,071 13,199 7,687 13,219 11,694 3,852 I
12,935 6,468 14,143 29,868 20,869 50,737 9,303 3,570 12,753 5,742 15,066 898,531
$ 1,458,051
$ 1,264,073
$ 1,132,424 S
980,949
$343,389 36,250 234,202 (2,008) 78,372 310,566 346,816 690,205 24,381 30,841 17,803 48,644 7,279 3,122 12,626 5,423 15,989
$807,669


==SUMMARY==
==SUMMARY==
OF NET CHANGE IN PLANT Construction cxpcnditurcs.               S    250,345    S  149,245  S  176,258  S  133,117      109,614  S 88,351 Equipment refunds and adjustments...                             (48)          (43)                      (295)    (6,344)
OF NET CHANGE IN PLANT Construction cxpcnditurcs.
Total cxpcnditurcs.                     250,345       149,197       176,215      133,117     109,319      82,007 Less plant rctircd or sold                      16,981        7,915        10,760       10,984         9,799    22,449 Net change in plant.                S   233,364    $ 141,282    S  165,455   S   122,133       99,520   S 59,558 Pago 2
Equipment refunds and adjustments...
Total cxpcnditurcs.
Less plant rctircd or sold Net change in plant.
S 250,345 250,345 16,981 S
233,364 S
149,245 (48) 149,197 7,915 141,282 S
133,117 S
176,258 (43) 176,215 10,760 133,117 10,984 S
165,455 S
122,133 109,614 (295) 109,319 9,799 99,520 S 88,351 (6,344) 82,007 22,449 S 59,558 Pago 2


FLORIDA POWER     &, LIGHT COMPANY STATEMENT OF INCOME (Thousands of Dollars) 1970        1969        1968          1967          1966          1965 OPERATING REVENUES ELECTRIC Revenues from energy sales.                           $ 414,295    $ 367,794    $ 323,159    $ 284,044    $ 267,577    $ 247,973 Other revcnucs.                                             1,757        1,716        1.450        1,282        1,095        1,118 Total operating rcvcnucs.............       .. 5416,052       369.510     324,618       285,326       268,672       249,091 OPERATING EXPENSES Generation
FLORIDA POWER
 
&, LIGHT COMPANY STATEMENT OF INCOME (Thousands of Dollars)
Fuel oil.                                               44,508      35,111      37,405        39,662        36,623        32,581
OPERATING REVENUES ELECTRIC Revenues from energy sales.
 
Other revcnucs.
Fuel gas.                                               42,249        37,797      26,380        14,618        13,724      12,219 Other expenses.                                         14,535        10,923        9,928        10,136        8,057        7,390 Total generation.                                   101,292      83,831      73,713        64,416  ~    58,404        52,190
Total operating rcvcnucs.............
 
1970
Interchange power net.                                   (I,G94)      (1,051)          (49)          18            182        (139)
$414,295 1,757
Transmission.                                               6,051        5,208        4,034        3,476        3,342        2,787 Distribution.                                             41,641        33,236      26,411      22;782        21,254        20,024 Customer accounting.                                     10,547        9,133        7,456        7,319        7,153        6,701 Sales promotion.                                           7,664        7,613        5,775        5,222        4,772        4,687 Administrative and general............                   32,938        25,744      21,660        19,756        18,348        17,178 Total operation and maintenance..                 198,439      163,714      139,000      122,989      113,455      103,428 Taxes other than income                                   35,26G        31,365      28,269      27,097        22,505        19,823 Federal income tax                                       42,203        49,386      46,639        35,713      39,348        37,892
.. 5416,052 1969
 
$367,794 1,716 369.510 1968
Deferred income taxes Acccl. amortization.                 (1,272)        (923)        (923)        (923)          (923)        (923)
$323,159 1.450 324,618 1967
 
$284,044 1,282 285,326 1966
Dcfcrrcd income taxes Accel. dcprcciation.                 1,331 Charge equivalent to investment credit.....                 1,056        3,024        3,294        2,787        2 327        3,243 Amortization of invcstmcnt credit.........                   (761)      (640)        (508)        (396)          (303)        (177)
$267,577 1,095 268,672 1965
Depreciation and amortization.............                 42,327      38,247      34,562        31,331        28,598        30,935 Total operating expenses..............           318,589     284,173       250,333       218,598       205,007       194,221 OPERATING INCOME             ....                         97,4G3        85,337      74,276        66,728        63,665        54,870 Other income and     deductions..................             139          613          (90)        (68)          (93)        (244)
$247,973 1,118 249,091 OPERATING EXPENSES Generation Fueloil.
INCOME BEFORE INTEREST CHARGES                   .....     97,602       85,950      74,186        66,660        63,572        54,626 Interest charges.                                        38,375      32,523       25,276        19,728        16,275        14,039 NET INCOME.                                                59,227      53,427      48,910       46,932        47,297        40,587 Prel'erred dividends.                                      1,615        1,615       1,615        1,615          1,615        1,615 EARNINGS AVAILABLEFOR COMMON...                            57,612      51,812      47,295        45,317        45,682       38,972 Common dividends                                          29,638      26,549      24,881        23,213        21,080        19,448 RETAINED EARNINGS .                                    $ 27,974    $ 25,263    $ 22,414      $ 22,104      $ 24,602      $ 19,524 COMMON STOCK Shares year cnd (000)                                   14,600      14,600      13,900        13,900        13,900        13,600 Shares weighted average (000).............             14,600      13,938      13,900        13,900        13,625        13,600 Earnings per share   wcightcd average (000) ..           $ 3.95       $ 3.72      $ 3.40        $ 3.26        $ 3.35        $ 2.87 Dividends paid per sharc                                  $ 2.03      $ 1.91      $ 1.79       $ 1.67        $ 1.55        $ 1.43 Per cent payout.                                            51.4        51.2          52.6        51.2           46.1         49.9 Pago,3
Fuel gas.
Other expenses.
Total generation.
Interchange powernet.
Transmission.
Distribution.
Customer accounting.
Sales promotion.
Administrative and general............
Total operation and maintenance..
Taxes other than income Federal income tax Deferred income taxesAcccl. amortization.
Dcfcrrcd income taxesAccel. dcprcciation.
Charge equivalent to investment credit.....
Amortization of invcstmcnt credit.........
Depreciation and amortization.............
Total operating expenses..............
44,508 42,249 14,535 101,292 (I,G94) 6,051 41,641 10,547 7,664 32,938 198,439 35,26G 42,203 (1,272) 1,331 1,056 (761) 42,327 318,589 35,111 37,797 10,923 83,831 (1,051) 5,208 33,236 9,133 7,613 25,744 163,714 31,365 49,386 (923) 3,024 (640) 38,247 284,173 37,405 26,380 9,928 73,713 (49) 4,034 26,411 7,456 5,775 21,660 139,000 28,269 46,639 (923) 3,294 (508) 34,562 250,333 39,662 14,618 10,136 64,416
~
18 3,476 22;782 7,319 5,222 19,756 122,989 27,097 35,713 (923) 2,787 (396) 31,331 218,598 36,623 13,724 8,057 58,404 182 3,342 21,254 7,153 4,772 18,348 113,455 22,505 39,348 (923) 2 327 (303) 28,598 205,007 32,581 12,219 7,390 52,190 (139) 2,787 20,024 6,701 4,687 17,178 103,428 19,823 37,892 (923) 3,243 (177) 30,935 194,221 OPERATING INCOME....
Other income and deductions..................
INCOME BEFORE INTEREST CHARGES.....
Interest charges.
NET INCOME.
Prel'erred dividends.
EARNINGS AVAILABLEFOR COMMON...
Common dividends RETAINED EARNINGS.
97,4G3 139 97,602 38,375 59,227 1,615 57,612 29,638
$ 27,974 85,337 613 85,950 32,523 53,427 1,615 51,812 26,549
$ 25,263 74,276 (90) 74,186 25,276 48,910 1,615 47,295 24,881
$ 22,414 66,728 (68) 66,660 19,728 46,932 1,615 45,317 23,213
$ 22,104 63,665 (93) 63,572 16,275 47,297 1,615 45,682 21,080
$ 24,602 54,870 (244) 54,626 14,039 40,587 1,615 38,972 19,448
$ 19,524 COMMON STOCK Shares year cnd (000)
Shares weighted average (000).............
Earnings per share wcightcd average (000)..
Dividends paid per sharc Per cent payout.
14,600 14,600
$3.95
$2.03 51.4 14,600 13,938
$3.72
$ 1.91 51.2 13,900 13,900
$3.40
$ 1.79 52.6 13,900 13,900
$3.26
$ 1.67 51.2 13,900 13,625
$3.35
$ 1.55 46.1 13,600 13,600
$2.87
$ 1.43 49.9 Pago,3


FLORIDA POWER a LIGHT COMPANY STATEMENT OF RESOURCES PROVIDED AND APPLIED (Thousands of Dollars)
FLORIDA POWER a LIGHT COMPANY STATEMENT OF RESOURCES PROVIDED AND APPLIED (Thousands of Dollars)
Total 1970         1969         1968           1967         1966       1966- 70 PROVIDED Retained earnings.                                       .. $ 27,974     S 25,263     $ 22,414       S 22,104     S   24,602   $ 122,357 Charges against income not requiring current cash outlay:
PROVIDED 1970 1969 1968 1967 Total 1966 1966-70 Retained earnings.
Depreciation and other rcscrvcs..                             44,008       39,520      35,798        32,390        29,513      181,229 Defcrrcd fcdcral income taxes Accel. amortization,...       (1,272)         (923)       (923)           (923)         (923)       (4,964)
Charges against income not requiring current cash outlay:
Dcfcrrcd fcdcral income taxes-Accel. dcprcciation             1,331                                                                  1,331 Dcfcrrcd invcstmcnt   credit-nct.....                             295       2,384        2,78G          2,391        2,024    ',880 Customers'eposits.                                                2,804        2,483        2,017          1,699         1,653       10,656 Contributions in aid of construction...                          2,828        2,426        1,219            726          319        7,518 Net salvage                                                       3>42 I            34          (51)                      1>121        4,636 Manufacturers'rice adjustmcnt.                                                                   43                          295          338 Other rcsourccs.                                                 I >714       2,020         G,256           1,431         1,547       12,968 Financing Common stock.                                                              43,960                                      21,081      65,041 Mortgage bonds.                                             70,071       50,265       111,376         60,140       40,184     332,036 Decrease in working capital.                                    98,022                                      13,876                   111,898 Total resources provided.                            .. $ 251,196    $ 167,432    S180,935       $ 133,945     $ 121,41G   S 854,924
.. $ 27,974 S 25,263
'Due largely to $ 7I.G million incrcasc in short-term notes payable which were liquidated upon consummation     of Bond Sale in January, 1971.
$ 22,414 S 22,104 S 24,602
APPLIED Construction cxpcnditurcs.                                   $ 250,345   $ 149,245     $ 176,258     $ 133,117     $ 109,614     $ 818,579 Sinking fund requirements.                                          407        533          801            542          587          2,870 Storm fund income and tax adjustments..                             444         369           308           286           787         2,194 Increase in working capital.                                                 17,285        3,568                      10,428      31,281 Total rcsourccs applied...                             $ 251,196   $ 167,432     $ 180,935     $ 133,945     $ 121,416     $ 854,924 Page 4
$ 122,357 Depreciation and other rcscrvcs..
 
44,008 Defcrrcd fcdcral income taxesAccel. amortization,...
il,g  ~
(1,272) 39,520 (923) 35,798 (923) 32,390 (923) 29,513 (923) 181,229 (4,964)
FLORIDA POWER & LIGHT COMPANY FINANCIALSTATISTICS 1970  1969  1968  1967  196G  1965 CAPITALIZATION PERCENTAGES Debt.                                                                  54.3  55.8  SI.G  49.4    49.8 Preferred stock                                                    3.0    3.3    3.7  4.2    4.7    5.2 Common stock equity.                                            41.3  424    40.5  44.2  45.9    45.0 PERCENTAGE OF DEBT TO:
Dcfcrrcd fcdcral income taxes-Accel. dcprcciation Dcfcrrcd invcstmcnt credit-nct.....
Total plant.                                                  , . 40.3  42.0  42.8  39.4  38.2    38.1 Net plant.                                                  .. 49.1  51.6  52.3  48.4  47.1    4G.7 PERCENTAGE OF ACCRUED DEPRECIATION TO:
Customers'eposits.
Total plant.                                                      17.9  18.G    18.2  18.7  18.8  18.5 DISTRIBUTION OF OPERATING REVENUES (%)
Contributions in aid of construction...
Taxes  .                                                    , . 18.9    22.4  23.8  22.7  23.5    24.1 Fuel.                                                            20.8  19.8  19.7  19.0  18.7    18.0 Operating payroll and benefits.                                  17.2  16.2    IS.3  15.8  15.5    15.0 Depreciation and amortization.                                    10.0  10.2    10.5  10.8  10.5    12.4 Supplies and other expenses.                                        9.6  8.4    7.8  8.3    8.0    8.5 Interest and other deductions.                                      9.3  8.6    7.8  6.9    6.1    5.7 Dividends.................................    ~ ~ . ~ ~ ~ ~        7.5  7.6    8.2  8.7    8.5    8.5 Retained in business                                                6.7  6.8    6.9  7.8    9.2    7.8 DISTRIBUTION OF INCOME BEFORE INTEREST (%)
1,331 295 2,804 2,828 2,384 2,483 2,426 2,78G 2,017 1,219 2,391 1,699 726 1,331 1,653 319 10,656 7,518 2,024
Interest charges.                                                39.3  37.8  34.1  29.6  25.6    25.7 Preferred dividends.                                                1.7  1.9    2.2  2.4    2.5    3.0 Available for common.                                            59.0  60.3    63.7  68.0  71.9  71.3 INCOME BEFORE INTEREST              (times  earned)
',880 Net salvage Manufacturers'rice adjustmcnt.
Interest  on mortgage bonds.                                        2.8  2.8    3.2  4.0  4.5    4.6 Interest  on total long-term debt.                                  2.8  2.8    3.2  3.9  4.4    4.5 Interest  charges.                                                  2.5  2.6    2.9  3.4  3.9    3.9 Interest  charges and preferred dividends.                          2.4  2.5    2.8  3.1  3.6    3.5 PERCENTAGE OF OPERATING REVENUES Income before interest.                                      .. 23.5  23.3  22.9  23.4  23.7    21.9 Net income                                                        14,2  14.5    15.1  16.4  17.G    16.3 Available for common.                                        .. 13.8  14.0  14.6  15.9  17.0    15.6 AVERAGE COST LONG TERM DEBT (%)                                    5.51  5.28  4.88  4.39  4.19    4.09 Page 5
Other rcsourccs.
Financing Common stock.
3>42 I I >714 34 2,020 43,960 (51) 43 G,256 1,431 1>121 295 1,547 21,081 4,636 338 12,968 65,041 Mortgage bonds.
Decrease in working capital.
Total resources provided.
70,071 98,022
.. $251,196 50,265
$ 167,432 111,376 60,140 40,184 332,036 13,876 111,898 S180,935
$ 133,945
$ 121,41G S 854,924
'Due largely to $7I.G million incrcasc in short-term notes payable which were liquidated upon consummation of Bond Sale in January, 1971.
APPLIED Construction cxpcnditurcs.
Sinking fund requirements.
407 533 801 542 587 2,870
$250,345
$ 149,245
$ 176,258
$ 133,117
$ 109,614
$818,579 Storm fund income and tax adjustments..
444 369 308 286 787 2,194 Increase in working capital.
Total rcsourccs applied...
$251,196 17,285
$ 167,432 3,568
$ 180,935
$ 133,945 10,428 31,281
$ 121,416
$854,924 Page 4


FLORIDA POWER       8E LIGHT COMPANY OPERATING STATISTICS 1969         1968           1967                         1965 KWH GENERATED 1970                                                    196G INTERCHANGED (000)
il,g
~
FLORIDA POWER & LIGHT COMPANY FINANCIALSTATISTICS CAPITALIZATIONPERCENTAGES Debt.
Preferred stock Common stock equity.
1970 1969 54.3 3.0 3.3 41.3 424 1968 55.8 3.7 40.5 1967 SI.G 4.2 44.2 196G 1965 49.4 49.8 4.7 5.2 45.9 45.0 PERCENTAGE OF DEBT TO:
Total plant.
Net plant.
,. 40.3 42.0 42.8
.. 49.1 51.6 52.3 39.4 48.4 38.2 47.1 38.1 4G.7 PERCENTAGE OF ACCRUED DEPRECIATION TO:
Total plant.
17.9 18.G 18.2 18.7 18.8 18.5 DISTRIBUTION OF OPERATING REVENUES (%)
Taxes.
Fuel.
Operating payroll and benefits.
Depreciation and amortization.
Supplies and other expenses.
Interest and other deductions.
Dividends.................................
~ ~.
~
~
~
~
Retained in business
,. 18.9 22.4 23.8 20.8 19.8 19.7 17.2 16.2 IS.3 10.0 10.2 10.5 9.6 8.4 7.8 9.3 8.6 7.8 7.5 7.6 8.2 6.7 6.8 6.9 22.7 19.0 15.8 10.8 8.3 6.9 8.7 7.8 23.5 18.7 15.5 10.5 8.0 6.1 8.5 9.2 24.1 18.0 15.0 12.4 8.5 5.7 8.5 7.8 DISTRIBUTION OF INCOME BEFORE INTEREST (%)
Interest charges.
Preferred dividends.
Available for common.
INCOME BEFORE INTEREST (times earned)
Interest on mortgage bonds.
Interest on total long-term debt.
Interest charges.
Interest charges and preferred dividends.
39.3 37.8 1.7 1.9 59.0 60.3 2.8 2.8 2.8 2.8 2.5 2.6 2.4 2.5 34.1 2.2 63.7 3.2 3.2 2.9 2.8 29.6 2.4 68.0 4.0 3.9 3.4 3.1 25.6 2.5 71.9 4.5 4.4 3.9 3.6 25.7 3.0 71.3 4.6 4.5 3.9 3.5 PERCENTAGE OF OPERATING REVENUES Income before interest.
Net income Available for common.
AVERAGE COST LONG TERM DEBT (%)
.. 23.5 23.3 14,2 14.5
.. 13.8 14.0 5.51 5.28 22.9 23.4 15.1 16.4 14.6 15.9 4.88 4.39 23.7 21.9 17.G 16.3 17.0 15.6 4.19 4.09 Page 5


Generated net.
FLORIDA POWER 8E LIGHT COMPANY OPERATING STATISTICS KWH GENERATEDINTERCHANGED (000) 1970 Generated net.
~
~
~
~
~ 25,394,200 Interchanged net..........
(281,477)
Company usc and losses 1,997,342 Energy sold.
23,115,381 1969 1968 1967 196G 1965 19,354,531 16,640,181
'(7,183) 235 1,596,031 1,350,996 22,363,866 (145,802) 1,772,892 IS,026,735 29,333 1,320,186 13,387,104 (14,941) 1,283,974 20,445,172 17,751,317 15,289,420 13,735,882 12,088,189 KWH SALES (000)
Residential..
Commercial.
Industrial.
Government and municipal..
Other utilities.
Total sales.
6,495,328 4,176,799 1,867,558 874,717 321,480 10,277,902 5,689,152 1,813,880 2,015,657 648,581 7,211,301 4,677,840 2,025,476 994,289 380.514 8,640,243 5,252,163 2,216,921 1,135,277 506,713 11,814,172 6,475,639 2,044,013
~
~
1,995,258 786,299 5,539,803 3,793,056 1,719,306 783,591 252,433 23,115,381 20,445,172 17,751,317 15,289,420 13,735,882 12,088,189 KWH SALES (%)
Residential.
Commercial Industrial.
Governmental and municipal...
Other utilitics.
Total..
51.1 28.0 8.9 8.6 3.4 100.0 50.3 27.8 8.9 9.8 3.2 100.0 48.7 29.6 12.5 6.4 2.8 100.0 47.2 30.6 13.2 6.5 2.5 100.0 47.3 30.4 13.G 6.4 23 100.0 45.8 31.4 14.2 6.5 2.1 100.0 REVENUE FROM ENERGY SALES (000)
Residential.
Commercial Industrial.
Govcrnmcntal and municipal................
Other utilitie's.
Total revcnucs from cncrgy sales.........
$223,330 129,028 26,555 28,581 6,801 S414,295
$ 196,009 114,566 23,786 27,912 5,521
$367,794
$ 168,330 104,592 26,583 19,326 4,328
$323,159 S144,501 94,458 24,522 17,300 3,263
$284,044
$ 132,983 90,129 25,326
* 16,353 2,786
$267,577
$ 116,433 90,334 23,675 15,290 2,241 S247,973 REVENUE FROM ENERGY SALES (%)
Residential.
Commercial.....
Industrial.
Government and municipal................
Other utilitics.
Total..
53.9 31.1 6.4 6.9 1.7 100.0 53.3 31.1 6.5 7.6 1.5 100.0 52.1 32.4 8.2 6.0 1.3 100.0 50.9 33.3 8.6 6.1 I.I 100.0 49.7 33.7 9.5 6.1 1.0 100.0 47.0 36.4 9.5 6.2
.9 100.0 CUSTOMERS (Average)
Rcsidcnt ial.
Commercial.
Industrial.
Government and municipal."..
Other utilities.
Total.
1,115,070 121,353 5,055 11,616 30 1,045,744 115,712 4,924 10,938 29 1,253,124 1,177,347 985,706 108,343 4,G70 10,473 28 1,109,220 934,843 101,782 4,454 10,230 25 1,051,334 887,896 98,327 4,3GI 9,412 24 1,000,020 841,604 94,929 4,321 8,715 22 949,591 RESIDENTIAL SERVICE Annual KWH per customer...........
Annual revenue per customer..........
Average rcvenuc pcr KWH 10,595 S200.28 1.89c 9,828
$ 187.43 1.9lc 8,766
$ 170.77 1.95c 7,714
$ 154.57 2.00c 7,315 6,582
$ 149.77
$ 138.35 2.05c 2.10c Page 6


Interchanged net Company usc and losses
ITLOIttOA POWER 8, LIGHT COMPANY GENERATING STATISTICS GROSS CAPABILITYKW (year end)
                            ..........
Fort Lauderdale Riviera.
                                ~      ~    ~ ~ ~  25,394,200 (281,477) 1,997,342 22,363,866 (145,802) 1,772,892 19,354,531
Miami.
                                                                                      '(7,183) 1,596,031 16,640,181 235 1,350,996 IS,026,735 29,333 1,320,186 13,387,104 (14,941) 1,283,974 Energy sold.                                 23,115,381    20,445,172  17,751,317    15,289,420    13,735,882      12,088,189 KWH SALES (000)
Cutler.
Residential..                                     11,814,172    10,277,902    8,640,243      7,211,301    6,495,328      5,539,803 Commercial.                                         6,475,639      5,689,152    5,252,163      4,677,840    4,176,799      3,793,056 Industrial.                                         2,044,013      1,813,880    2,216,921      2,025,476    1,867,558      1,719,306 Government and municipal ..                   ~ ~  1,995,258    2,015,657    1,135,277        994,289        874,717      783,591 Other utilities.                                      786,299        648,581    506,713        380.514      321,480        252,433 Total sales.                                  23,115,381    20,445,172  17,751,317    15,289,420    13,735,882      12,088,189 KWH SALES (%)
Sanford.
Residential.                                                51.1          50.3          48.7          47.2            47.3          45.8 Commercial                                                  28.0          27.8          29.6          30.6            30.4          31.4 Industrial.                                                  8.9          8.9          12.5          13.2            13.G        14.2 Governmental and municipal...                                8.6          9.8            6.4          6.5            6.4          6.5 Other utilitics.                                              3.4          3.2            2.8          2.5            23          2.1 Total..                                              100.0        100.0          100.0        100.0          100.0        100.0 REVENUE FROM ENERGY SALES (000)
Palatka.
Residential.                                        $ 223,330      $ 196,009    $ 168,330      S144,501      $ 132,983      $ 116,433 Commercial                                            129,028        114,566      104,592        94,458        90,129        90,334 Industrial.                                             26,555        23,786      26,583        24,522        25,326        23,675 Govcrnmcntal and municipal................              28,581        27,912        19,326        17,300
Ft. Mycrs.
* 16,353        15,290 Other utilitie's.                                         6,801        5,521        4,328        3,263          2,786        2,241 Total revcnucs from cncrgy sales.........      S414,295        $ 367,794    $ 323,159      $ 284,044    $ 267,577      S247,973 REVENUE FROM ENERGY SALES (%)
Port Evcrgladcs.
Residential.                                                53.9        53.3          52.1          50.9            49.7          47.0 Commercial.....                                              31.1        31.1          32.4          33.3            33.7          36.4 Industrial.                                                  6.4          6.5            8.2          8.6            9.5          9.5 Government and      municipal................              6.9          7.6            6.0          6.1            6.1          6.2 Other utilitics.                                              1.7          1.5            1.3          I.I            1.0          .9 Total..                                              100.0        100.0        100.0        100.0          100.0        100.0 CUSTOMERS (Average)
Cape Kennedy.
Rcsidcnt ial.                                        1,115,070      1,045,744      985,706        934,843        887,896        841,604 Commercial.                                            121,353        115,712      108,343        101,782        98,327        94,929 Industrial.                                                5,055        4,924        4,G70        4,454          4,3GI        4,321 Government and municipal." ..                            11,616        10,938      10,473        10,230          9,412        8,715 Other utilities.                                              30            29            28            25              24          22 Total.                                         1,253,124      1,177,347    1,109,220      1,051,334    1,000,020        949,591 RESIDENTIAL SERVICE Annual KWH per customer...........                      10,595          9,828        8,766        7,714          7,315        6,582 Annual revenue per customer..........                  S200.28        $ 187.43    $ 170.77      $ 154.57      $ 149.77      $ 138.35 Average rcvenuc pcr KWH                                      1.89c      1.9lc        1.95c        2.00c          2.05c        2.10c Page 6
Turkey Point.
 
Total.
ITLOIttOA POWER    8, LIGHT COMPANY GENERATING STATISTICS 1970          1969         1968        1967        1966        1965 GROSS CAPABILITY            KW (year    end)
1970 770,000 737,000 5 I FOOO 371,000 165,000 128,000 597,000
Fort Lauderdale                                      770,000     330,000     330,000     330,000     330,000     330,000 Riviera.                                            737,000     737,000     737,000    737,000     737,000     737,000 Miami.                                                5 I FOOO      51,000       51,000     51,000       51,000       51,000 Cutler.                                              371,000     371,000     371,000     371,000     371,000     371,000 Sanford.                                              165,000       165,000     165,000     165,000     165,000     165,000 Palatka.                                              128,000       128,000     128,000     128,000      128,000     128,000 Ft. Mycrs.                                          597,000     597,000     165,000     165,000     165,000     165,000 Port Evcrgladcs.                                  . 1,350,500    1,350,500    1,337,000   1,337,000   1,337,000   1,337,000 Cape Kennedy.                                        864,000     864,000     432,000     432,000     432,000     432,000 Turkey Point.                                        877,500      8~77  500    864,000     432,000 Total.                                        5,911,000    5,471,000  4,580,000  4,148,000    3,716,000    3,716,000 PEAK DEMAND            KW (60   minute net).... 5 001 000   4,329,000   3,789,000   3,160,000   2,914,000   2,529,000 LOAD FACTOR           LAD mieule)                           57         59           58           60           59 FUEL Barrels oil used (000) .                               22,762      18,687      18,731      19,522      17,687      15,744 Cost per barrel.                                         $ 1.96      $ 1.88      $ 2.00      $ 2.03      $ 2.07      $ 2.07 MCF gas used (000).                                   115,870    108,634      77,370      43,909      40,475        35,438 Cost per MCF.                                         $ 0.365      $ 0.348    $ 0.341      $ 0.333      $ 0.339      $ 0.345 Total barrels equivalent used (000)...                 40,318      35,147      30,454      26,174      23,820      21,113 Avcragc cost pcr barrel equivalent...                   $ 2.15       $ 2.07     $ 2.09       $ 2.07       $ 2.11      $ 2.12 Fuel cost per million BTU.                                33.6c      32.2c       32.7c        32.5c        33.2c        33.3c KWH PER BARREL EQUIVALENT ..                                 630         636         636         636         631         634 HEAT RATE (BTU per KWH)..                                 10,128     10,112     10,081       10 025       10,096       10,041 MILES OF ELECTRIC LINES Transmission   ..                                       3,255       3 223       3,204       3,115       2,912       2,700 Distribution.                                          25,155      24,050      22,915      21,998      21,248      20,553 Total.                                            28,410      27273        26,119      25,113      24,160      23,253 CUSTOMERS PER MILE DISTRIBUTION (end of year).                                             52           51         50           49           48           48 Page 7
. 1,350,500 864,000 877,500 5,911,000 1969 330,000 737,000 51,000 371,000 165,000 128,000 597,000 1,350,500 864,000 8~77 500 5,471,000 1968 330,000 737,000 51,000 371,000 165,000 128,000 165,000 1,337,000 432,000 864,000 4,580,000 1967 330,000 737,000 51,000 371,000 165,000 128,000 165,000 1,337,000 432,000 432,000 4,148,000 1966 330,000 737,000 51,000 371,000 165,000 128,000 165,000 1,337,000 432,000 3,716,000 1965 330,000 737,000 51,000 371,000 165,000 128,000 165,000 1,337,000 432,000 3,716,000 PEAK DEMANDKW (60 minute net)....
5 001 000 4,329,000 3,789,000 3,160,000 2,914,000 2,529,000 LOAD FACTOR LAD mieule) 57 59 58 60 59 FUEL Barrels oil used (000).
Cost per barrel.
MCF gas used (000).
Cost per MCF.
Total barrels equivalent used (000)...
Avcragc cost pcr barrel equivalent...
Fuel cost per million BTU.
22,762
$ 1.96 115,870
$0.365 40,318
$2.15 33.6c 18,687
$ 1.88 108,634
$0.348 35,147
$2.07 32.2c 18,731
$2.00 77,370
$0.341 30,454
$2.09 32.7c 19,522
$2.03 43,909
$0.333 26,174
$2.07 32.5c 17,687
$2.07 40,475
$0.339 23,820
$2.11 33.2c 15,744
$2.07 35,438
$0.345 21,113
$2.12 33.3c KWH PER BARREL EQUIVALENT..
630 636 636 636 631 634 HEAT RATE (BTU per KWH)..
10,128 10,112 10,081 10 025 10,096 10,041 MILES OF ELECTRIC LINES Transmission..
Distribution.
Total.
3,255 25,155 28,410 3 223 24,050 27273 3,204 22,915 26,119 3,115 21,998 25,113 2,912 21,248 24,160 2,700 20,553 23,253 CUSTOMERS PER MILE DISTRIBUTION (end of year).
52 51 50 49 48 48 Page 7


FLORIDA POWER a LIGHT COMPANY CAPITALIZATIONDATA (YEAR END)
FLORIDA POWER a LIGHT COMPANY CAPITALIZATIONDATA (YEAR END)
(Thousands of Dollars)
(Thousands of Dollars)
LONG-TERM DEBT                                           1970      1969 Mortgage bonds 3YR% series due January 1974....                   $ 36,894      $ 37,301 8Ys% series due July 1975                           70,000 3% series due July 1977.                             10,000        10,000 3Ys% series due June 1978.                           11,000        11,000 3% series due June 1979.                             10,000        10,000 3Ys% series due November 1981 ..                     10,000        10,000 3Ys% series due April 1983.                         15,000        15,000 3Ys% series due November 1984 ..                     10,000        10,000 3Ys% series duc April 1986.                         15,000        15,000 4 Vs% series due December 1986...                   15,000        15,000 4Ys% scrics duc May 1987                             15,000        15,000 4Ys% series duc April 1988.                         20,000        20,000 5% series due June 1989                             25,000        25,000 4Ys% series due August 1992                         25,000        25,000 4N% series due April 1994.                           35,000        35,000 4Ys% series due March 1995......                     40,000        40,000 5% series duc December 1995.....                     40,000        40,000 6% series due December 1996.....                     40,000        40,000 6V4% scrics due December 1997...                     60,000        60,000 I% series due June 1998                             60,000        60,000 7% series due December 1998.....                     50,000        50,000 8% series duc Junc 1999..                           50,000        50,000 Total mortgage bonds                           662,894      593,301 Sinking fund debcnturcs 3Y4%series due July 1972                             7,625          7,625 Total long-term debt.                           670,519      600;926 PREFERRED STOCK 48%;including     series A, 8, C) ..               26,250        26,250 4.32% series D.                                       5,000          5,000 4 35% series E                                       5,000          5,000 Total preferred stock                             36,250        36,250 COMMON STOCK EQUITY Common stock                                         299,242      299,242 Capital stock premium and expense-Prcmium on prcfcrred stock .                          118            118 Preferred stock expense (deduction)..........         (442)          (442)
LONG-TERM DEBT Mortgage bonds 3YR% series due January 1974....
Common stock cxpensc (deduction)..........         (1,781)        (1,715)
8Ys% series due July 1975 3% series due July 1977.
Total capital stock premium and expense...       (2,105)        (2,039)
3Ys% series due June 1978.
Retained earnings                                   200,774      172,800 Total common stock equity...............       497,911       470,003 Total proprietary capital                      534,161      506,253 TOTAL CAPITALIZATION                               $ 1,204,680 $ 1,107,179 page S
3% series due June 1979.
3Ys% series due November 1981..
3Ys% series due April 1983.
3Ys% series due November 1984..
3Ys% series duc April 1986.
4 Vs% series due December 1986...
4Ys% scrics duc May 1987 4Ys% series duc April 1988.
5% series due June 1989 4Ys% series due August 1992 4N% series due April 1994.
4Ys% series due March 1995......
5% series duc December 1995.....
6% series due December 1996.....
6V4% scrics due December 1997...
I% series due June 1998 7% series due December 1998.....
8% series duc Junc 1999..
Total mortgage bonds Sinking fund debcnturcs 3Y4%series due July 1972 Total long-term debt.
PREFERRED STOCK 48%;including series A, 8, C)..
4.32% series D.
4 35% series E Total preferred stock COMMON STOCK EQUITY Common stock Capital stock premium and expense-Prcmium on prcfcrred stock Preferred stock expense (deduction)..........
Common stock cxpensc (deduction)..........
Total capital stock premium and expense...
Retained earnings Total common stock equity...............
Total proprietary capital 1970
$36,894 70,000 10,000 11,000 10,000 10,000 15,000 10,000 15,000 15,000 15,000 20,000 25,000 25,000 35,000 40,000 40,000 40,000 60,000 60,000 50,000 50,000 662,894 7,625 670,519 26,250 5,000 5,000 36,250 299,242 118 (442)
(1,781)
(2,105) 200,774 497,911 534,161 1969
$37,301 10,000 11,000 10,000 10,000 15,000 10,000 15,000 15,000 15,000 20,000 25,000 25,000 35,000 40,000 40,000 40,000 60,000 60,000 50,000 50,000 593,301 7,625 600;926 26,250 5,000 5,000 36,250 299,242 118 (442)
(1,715)
(2,039) 172,800 470,003 506,253 TOTAL CAPITALIZATION
$ 1,204,680
$ 1,107,179 page S


YEAR-END CAPABILITY FLORIDA POWER 8 LIGHT COMPANY                                                                                                                                                 (MEGAWATTS) 11,307 GENERATING                                                                                             (Location Undetermined) 850 MW CAPABILITY 10,457 1961 - 1975 Hutchinson Island No.               1 890 NW (Nuclear)
FLORIDA POWER 8 LIGHT COMPANY GENERATING CAPABILITY 1961 - 1975 (Location Undetermined) 850 MW Hutchinson Island No. 1 890 NW (Nuclear)
Port Manatee No.             1 850 MW Sanford No. 5                                                           8,717 419 MW 8,298 Sanford No. 4 419 MW Turkey Point No. 4 760 MW (Nuclear) 7,119 Turkey Point No. 3 760 MW (Nuclear)
Port Manatee No. 1 850 MW Sanford No. 5 419 MW Sanford No. 4 419 MW Turkey Point No. 4 760 MW (Nuclear)
Gas     Turbines 444 MW
Turkey Point No. 3 760 MW (Nuclear)
                                                                                                        '>Y
Gas Turbines 444 MW YEAR-END CAPABILITY (MEGAWATTS) 11,307 10,457 8,717 8,298 7,119 5,911
                                                                                                                          ' '(',471                                                       5,911
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At FPL, we add more electric customers each year than any other utility in the nation. To stay ahead of our state's tremendous growth, we'e currently engaged in a $ 1.9 billion expansion program.
At FPL, we add more electric customers each year than any other utilityin the nation. To stay ahead of our state's tremendous growth, we'e currently engaged in a $ 1.9 billion expansion program.
We must nearly double our present generating capacity by 1975.
We must nearly double our present generating capacity by 1975.
During this growth process, we'e taking care to protect Florida's natural environment. That's because we consider our job to be twofold: to serve the community while protecting the environment and its natural beauty.
During this growth process, we'e taking care to protect Florida's natural environment. That's because we consider our job to be twofold: to serve the community while protecting the environment and its natural beauty.
                                                              %pal
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EXHIBIT IV.
EXHIBIT IV.
Page 8 Combustions'hattanooga Plant includes a separate facility which is equipped and staffed to design and fabricate, and to provide quality control for large reactor pressure components. The facility has such special equipment as heavy duty cranes and large capacity machine tools capable of performing work on large, heavy parts to close tolerances and fine surface finishes. It is also equipped with the latest testing and quality control equipment, including a linear accelerator for weld examination.
Page 8
Combustion's   Utility Division nuclear activities are centered in three locations:   The Nuclear Power Department at Windsor, Connecticut; the Naval Reactors Division at Windsor, Connecticut; and the Nuclear Components Department at Chattanooga, Tennessee.
Combustions'hattanooga Plant includes a separate facility which is equipped and staffed to design and fabricate, and to provide quality control for large reactor pressure components.
The facility has such special equipment as heavy duty cranes and large capacity machine tools capable of performing work on large, heavy parts to close tolerances and fine surface finishes.
It is also equipped with the latest testing and quality control equipment, including a linear accelerator for weld examination.
Combustion's UtilityDivision nuclear activities are centered in three locations:
The Nuclear Power Department at Windsor, Connecticut; the Naval Reactors Division at Windsor, Connecticut; and the Nuclear Components Department at Chattanooga, Tennessee.
 
EXHIBIT III.
FLORIDA POWER 6 LIGHT COMPANY HUTCHINSON ISLAND UNIT NO.
2 Estimate of Construction Costs I.
Total Nuclear Production Plant Costs
$ 220,400,000 (Note 1)
II.
Transmission, Distribution, and General Plant Costs 4,600,000 (Note 2)
III.
Nuclear Fuel Inventory Cost for First Core 23)931,000 (Note 3)
(Note 1)
The nuclear production plant cost is based on (1) a contract with Combustion Engineering and estimated escalation, (2) a contract with Ebasco providing a firm price for engineer-ing and home office services, (3) engineering estimates of labor, materials, and construction costs including escalation, (4) Applicant's estimated costs for engineering, consulting
: services, training, startup, and sales tax, and (5) a firm price contract with Westinghouse Electric Corporation for a turbine-generator.
In accordance with Applicant's established policy, the cost of land is excluded.
(Note 2)
Of those costs which are classified as "Transmission",
"Distribution", and "General Plant" costs by the Uniform System of Accounts of the National Association of Railroad and Public Utility Commissioners, only those associated with the plant switchyard are allocated to the power plant project and are herewith set forth.
(Note 3)
Nuclear fuel inventory costs for first core are based on a contract with Combustion Engineering for the supply of a complete core including uranium, enrichment and fabrication, at a firm price except for enrichment escalation.
No special nuclear material leased from the Atomic Energy Commission will be utilized in the plant.
 
C


EXHIBIT I I I.
EXHIBIT IV.
FLORIDA POWER 6 LIGHT COMPANY HUTCHINSON ISLAND UNIT NO. 2 Estimate of Construction Costs I. Total  Nuclear Production Plant Costs  .  .  . . .  . . , . .  .  . . $ 220,400,000  (Note 1)
FLORIDA POWER & LIGHT COMPANY HUTCHINSON ISLAND UNIT NO.
II. Transmission, Distribution, and General Plant Costs . . . . .        . 4,600,000  (Note 2)
2 Technical ualifications of Contractors EBASCO SERVICES INCORPORATED Ebasco Services Incorporated furnishes services in engineering and construction of thermal, both conventional and nuclear, and hydroelectric projects in the United States and throughout the world.
III. Nuclear Fuel Inventory Cost      for First Core    . . .  . , .  .  .  . . 23)931,000  (Note 3)
The company's present technical staff totals more than 2,000 persons engaged in all phases of public utility engineering,
(Note 1) The nuclear production plant cost is based on (1) a contract with Combustion Engineering and estimated escalation, (2) a contract with Ebasco providing a firm price for engineer-ing and home office services, (3) engineering estimates of labor, materials, and construction costs including escalation, (4) Applicant's estimated costs for engineering, consulting services, training, startup, and sales tax, and (5) a firm price contract with Westinghouse Electric Corporation for a turbine-generator.     In accordance with Applicant's established policy, the cost of land is excluded.
: design, construction purchasing, inspection and expediting of material and consultation on utility operating matters.
(Note 2)  Of those costs which are        classified as "Transmission",
The company has available and is able to bring to bear on any given project a broad range of engineering, construction and consult-ing experience.
"Distribution", and "General      Plant"  costs by the Uniform System of Accounts of the National Association of Railroad and Public Utility Commissioners, only those associated with the plant switchyard are allocated to the power plant project and are herewith set forth.
Since its organization in 1905 Ebasco has planned,
(Note 3)  Nuclear  fuel inventory costs for       first  core are based on a contract with Combustion Engineering for         the supply of a complete core including uranium, enrichment and fabrication, at a firm price except for enrichment escalation.            No special nuclear material leased from the Atomic Energy Commission will be utilized in the plant.
: designed, constructed and placed into operation more that 41,500,000 kilowatts of electric generating capacity.
Presently in process of design or construction are 58 thermal electric and hydroelectric units totaling 22,500,000 kilowatts including 5,000,000 kilowatts of nuclear capacity.
Of these, 35 units are in the United States.
The total dollar value of projects constructed or being constructed by Ebasco exceeds
$ 8 billion.
Ebasco's nuclear experience includes engineering
: studies, the evaluation of reactor
: systems, selection of the nuclear sites, hazards evaluations, detailed engineering
: design, construction and startup and testing of nuclear power facilities as described below:
a.
Louisiana Power
& Light Co. - Waterford Steam Electric Station Units Nos.
3 & 4 Ebasco is providing engineering and construction management services for a two-unit plant of 1100 Mwe each using Combustion Engineering, Inc. nuclear steam supply system.
b.
Taiwan Power Company - Chin-Shan Units Nos.
1 & 2 Ebasco is responsible for the engineering design and construction supervision for Chin-Shan Units Nos.
1


C EXHIBIT IV.
c
FLORIDA POWER & LIGHT COMPANY HUTCHINSON ISLAND UNIT NO. 2 Technical    ualifications of Contractors EBASCO SERVICES      INCORPORATED Ebasco Services Incorporated furnishes services in engineering and construction of thermal, both conventional and nuclear, and hydroelectric projects in the United States and throughout the world.
The company's present      technical staff totals more than 2,000 persons engaged in      all phases of public utility engineering, design, construction purchasing, inspection and expediting of material and consultation on utility operating matters. The company has available and is able to bring to bear on any given project a broad range of engineering, construction and consult-ing experience.
Since  its organization in 1905 Ebasco has planned, designed, constructed and placed into operation more that 41,500,000 kilowatts of electric generating capacity. Presently in process of design or construction are 58 thermal electric and hydroelectric units totaling 22,500,000 kilowatts including 5,000,000 kilowatts of nuclear capacity. Of these, 35 units are in the United States.      The total dollar value of projects constructed or being constructed by Ebasco exceeds      $8  billion.
Ebasco's nuclear experience includes engineering studies, the evaluation of reactor systems, selection of the nuclear sites, hazards evaluations, detailed engineering design, construction and  startup  and  testing of nuclear  power facilities  as described below:
: a. Louisiana Power & Light Co. - Waterford Steam Electric Station Units Nos. 3 & 4 Ebasco is providing engineering and construction management services for a two-unit plant of 1100 Mwe each using Combustion Engineering, Inc. nuclear steam supply system.
: b. Taiwan Power Company - Chin-Shan Units Nos.      1  & 2 Ebasco  is responsible for the engineering design and construction supervision for Chin-Shan Units Nos. 1


c EXHIBIT IV.
EXHIBIT IV.
Page 2
Page 2
  & 2. General Electric A.P.E.D. is supplying the BWR nuclear steam supply system. Unit output is rated at 636 Mwe. Unit No. 1 is scheduled for commercial operation in February 1975 and Unit No. 2 is scheduled for operation in March 1976.
& 2.
c~ Public Service Company of Colorado - Ft. St, Vrain Plant Ebasco is engaged by Gulf General Atomic Incorporated to construct a 330 Mwe nuclear power plant utilizing a high temperature gas-cooled reactor (HTGR). The plant will be owned and operated by the Public Service Company of Colorado.     Construction began in March 1968 with commercial operation previously scheduled for March 1971.
General Electric A.P.E.D. is supplying the BWR nuclear steam supply system.
This station will be the     first HTGR   in the United States with a prestressed     concrete reactor vessel.
Unit output is rated at 636 Mwe.
: d. Vermont Yankee Nuclear Power Corporation       - Vermont Yankee Plant Ebasco is engaged as Agent of the Vermont Yankee Nuclear Power Corporation for the engineering and construction of a 540 Mwe nuclear power plant using a General Electric Company boiling water nuclear steam supply system. The nuclear plant will be owned and operated by the Yankee group of 11 investor-owned electric   utility companies.
Unit No.
: e. Carolina Power   & Light Company - H. B. Robinson No. 2 Ebasco is working with   Westinghouse Electric Corpora-tion, the prime contractor, in the design engineering and construction of   a 670 Mwe   nuclear power plant.
1 is scheduled for commercial operation in February 1975 and Unit No.
Using a Westinghouse pressurized water nuclear steam supply system, the plant will be owned and operated by the Carolina Power   & Light Company.
2 is scheduled for operation in March 1976.
Millstone Point Company - Northeast Utilities Millstone Unit No. 1 Ebasco is a subcontractor to GE, the prime contractor, performing the design engineering and construction of the 650 Mwe Millstone Nuclear Power Plant, Using a GE boiling water nuclear steam supply system the plant will be located at Millstone Point, Connecticut. The
c ~
Public Service Company of Colorado - Ft. St, Vrain Plant Ebasco is engaged by Gulf General Atomic Incorporated to construct a 330 Mwe nuclear power plant utilizing a high temperature gas-cooled reactor (HTGR).
The plant will be owned and operated by the Public Service Company of Colorado.
Construction began in March 1968 with commercial operation previously scheduled for March 1971.
This station will be the first HTGR in the United States with a prestressed concrete reactor vessel.
d.
Vermont Yankee Nuclear Power Corporation - Vermont Yankee Plant Ebasco is engaged as Agent of the Vermont Yankee Nuclear Power Corporation for the engineering and construction of a 540 Mwe nuclear power plant using a General Electric Company boiling water nuclear steam supply system.
The nuclear plant will be owned and operated by the Yankee group of 11 investor-owned electric utility companies.
e.
Carolina Power
& Light Company - H. B. Robinson No.
2 Ebasco is working with Westinghouse Electric Corpora-tion, the prime contractor, in the design engineering and construction of a 670 Mwe nuclear power plant.
Using a Westinghouse pressurized water nuclear steam supply system, the plant will be owned and operated by the Carolina Power
& Light Company.
Millstone Point Company - Northeast Utilities Millstone Unit No.
1 Ebasco is a subcontractor to GE, the prime contractor, performing the design engineering and construction of the 650 Mwe Millstone Nuclear Power Plant, Using a GE boiling water nuclear steam supply system the plant will be located at Millstone Point, Connecticut.
The


EXHIBIT IV.
EXHIBIT IV.
Page 3 plant will be owned and operated by the Millstone Point Company which is comprised of The Connecticut Light and Power Company, The Hartford Electric Light Company, and Western Massachusetts Electric Company.
Page 3
plant will be owned and operated by the Millstone Point Company which is comprised of The Connecticut Light and Power
: Company, The Hartford Electric Light
: Company, and Western Massachusetts Electric Company.
Centrales Nucleares del Norte - Nuclenor (Spain)
Centrales Nucleares del Norte - Nuclenor (Spain)
Ebasco is a subcontractor to GE, the prime contractor, in the design engineering and construction management of a 440 Mwe nuclear power plant. The plant, using a General Electric boiling water nuclear steam supply system, will be located at Santa Maria de Garona on the Ebro River in Spain. It will be owned and operated by Centrales Nucleares del Norte,     S A (Nuclenor), comprised of the investor-owned     electric utilities, Iberduero and Viesgo.
Ebasco is a subcontractor to GE, the prime contractor, in the design engineering and construction management of a 440 Mwe nuclear power plant.
Japan Atomic Power Company   - Tsuruga Ebasco is a subcontractor to GE for design engineering and inspection of construction of the 350 Mwe Tsuruga Nuclear Power Plant. The plant, using a GE boiling water nuclear steam supply system, will be located on the Tsuruga Peninsula in Japan and     will be owned by The Japan Atomic Power Company.
The plant, using a
Tokyo Electric Power Company   - Fukushima No. 1 and No. 2 Ebasco is a subcontractor to   GE, providing design engineering and inspection of construction of the 440 Mwe Unit No. 1 and has initiated work on the 780 Mwe Unit No. 2 of the Fukushima Nuclear Electric Station. This station     will be owned and operated by The Tokyo Electric Power Company, Inc.
General Electric boiling water nuclear steam supply system, will be located at Santa Maria de Garona on the Ebro River in Spain.
Advanced Test Reactor Ebasco has prime   contract responsibility for the engineering, design and the engineering inspection of construction of the Advanced Test Reactor Project.
It will be owned and operated by Centrales Nucleares del Norte, S A (Nuclenor),
This project is being built for the Atomic Energy Commission at the National Reactor Testing Station in Idaho. This is a 250 Mwt test reactor facility containing a total of nine test loops, "hot cells" and other supporting services and installations.         The basic design and construction are now complete and criticality was attained on July 2, 1967.
comprised of the investor-owned electric utilities, Iberduero and Viesgo.
Japan Atomic Power Company - Tsuruga Ebasco is a subcontractor to GE for design engineering and inspection of construction of the 350 Mwe Tsuruga Nuclear Power Plant.
The plant, using a
GE boiling water nuclear steam supply system, will be located on the Tsuruga Peninsula in Japan and will be owned by The Japan Atomic Power Company.
Tokyo Electric Power Company - Fukushima No.
1 and No.
2 Ebasco is a subcontractor to GE, providing design engineering and inspection of construction of the 440 Mwe Unit No.
1 and has initiated work on the 780 Mwe Unit No.
2 of the Fukushima Nuclear Electric Station.
This station will be owned and operated by The Tokyo Electric Power
: Company, Inc.
Advanced Test Reactor Ebasco has prime contract responsibility for the engineering, design and the engineering inspection of construction of the Advanced Test Reactor Project.
This project is being built for the Atomic Energy Commission at the National Reactor Testing Station in Idaho.
This is a 250 Mwt test reactor facility containing a total of nine test loops, "hot cells" and other supporting services and installations.
The basic design and construction are now complete and criticality was attained on July 2, 1967.
 
I'


I' EXHIBIT IV.
EXHIBIT IV.
Page 4
Page 4
: k. Power Burst Facility Ebasco has responsibility for engineering, design and inspection of the Power Burst Facility being constructed for the U. S. Atomic Energy Commission at the National Reactor Testing Station in Idaho.
k.
Power Burst Facility Ebasco has responsibility for engineering, design and inspection of the Power Burst Facility being constructed for the U. S. Atomic Energy Commission at the National Reactor Testing Station in Idaho.
The reactor will have the capability of generating power bursts as high as 3000 Mw-second with initial asymptotic periods as short as one millisecond.
The reactor will have the capability of generating power bursts as high as 3000 Mw-second with initial asymptotic periods as short as one millisecond.
Completion of the PBF was scheduled for October 15, 1969.
Completion of the PBF was scheduled for October 15, 1969.
: 1. SENN Nuclear Plant Ebasco performed engineering design and construction management for the 150 Mwe (upgraded to 180 Mwe) nuclear power plant for the Societa Elettronucleare Nazionale (SENN) in Italy. Engineering and construc-tion are now complete. The plant is operating satisfactorily.
1.
: m. JPDR Nuclear Plant The scope of Ebasco's design and construction work on this project (the Japan Power Demonstration Reactor
SENN Nuclear Plant Ebasco performed engineering design and construction management for the 150 Mwe (upgraded to 180 Mwe) nuclear power plant for the Societa Elettronucleare Nazionale (SENN) in Italy.
          -- JPDR) was similar in nature to that described for the SENN project. Criticality was attained in June 1963 and the first commercial power delivered to the system the first quarter 1964.
Engineering and construc-tion are now complete.
COMBUSTION ENGINEERING INCORPORATED Combustion's nuclear power activities are of three general types: design, development, construction and operation of reactor systems; design and fabrication of nuclear components; and support of design, development and analytical projects.
The plant is operating satisfactorily.
A summary of the company's principal efforts and accomplish-ments in the light water cooled and moderated reactor field is provided on the following pages.
m.
: a. Naval Propulsion System During the period 1955 through 1960, Combustion was a major contributor to the U. S. Naval Reactors program. The company designed and built, at its
JPDR Nuclear Plant The scope of Ebasco's design and construction work on this project (the Japan Power Demonstration Reactor
-- JPDR) was similar in nature to that described for the SENN project.
Criticality was attained in June 1963 and the first commercial power delivered to the system the first quarter 1964.
COMBUSTION ENGINEERING INCORPORATED Combustion's nuclear power activities are of three general types:
: design, development, construction and operation of reactor systems; design and fabrication of nuclear components; and support of design, development and analytical projects.
A summary of the company's principal efforts and accomplish-ments in the light water cooled and moderated reactor field is provided on the following pages.
a.
Naval Propulsion System During the period 1955 through 1960, Combustion was a major contributor to the U. S. Naval Reactors program.
The company designed and built, at its


EXHIBIT IV.
EXHIBIT IV.
Page 5 Windsor, Connecticut site, the prototype of a small attack submarine power plant. This prototype (SIC) went into operation in 1959 and has been operated by Combustion as a naval training facility. A second plant of this type was also designed and built by Combustion for installation in the SSN Tullibee which has been operated as a part of the United States nuclear submarine fleet for ten years. In the design, development, construction and operation of the proto-type syst: em and the submarine power plant, Combustion's responsibilities included all safety aspects of the reactor systems.
Page 5
Boiling Nuclear Superheat   (BONUS) Plant Combustion has been responsible   for the nuclear design and for the direction of startup and initial operation of the BONUS plant in Puerto Rico.
Windsor, Connecticut site, the prototype of a small attack submarine power plant.
This prototype (SIC) went into operation in 1959 and has been operated by Combustion as a naval training facility.
A second plant of this type was also designed and built by Combustion for installation in the SSN Tullibee which has been operated as a part of the United States nuclear submarine fleet for ten years.
In the design, development, construction and operation of the proto-type syst: em and the submarine power plant, Combustion's responsibilities included all safety aspects of the reactor systems.
Boiling Nuclear Superheat (BONUS) Plant Combustion has been responsible for the nuclear design and for the direction of startup and initial operation of the BONUS plant in Puerto Rico.
The BONUS plant achieved full power operation in September 1965 and was the first nuclear power plant in the United States operating with an integral superheating core.
The BONUS plant achieved full power operation in September 1965 and was the first nuclear power plant in the United States operating with an integral superheating core.
Consumers   Power Company - Palisades Plant Early in 1966, Combustion was awarded   a contract to design and provide components for an   800 Mwe Nuclear Steam Supply System and   fabricate its initial fuel loading. Site construction has started.     Commercial operation was planned 'for May 1970.
Consumers Power Company - Palisades Plant Early in 1966, Combustion was awarded a contract to design and provide components for an 800 Mwe Nuclear Steam Supply System and fabricate its initial fuel loading.
Omaha Public Power District   Fort Calhoun Station In October 1966, Combustion was awarded a contract to furnish a 475 Mwe Nuclear Steam Supply System> a matching turbine generator and fuel for three cores.
Site construction has started.
Commercial operation was planned 'for May 1970.
Omaha Public Power District Fort Calhoun Station In October
: 1966, Combustion was awarded a contract to furnish a 475 Mwe Nuclear Steam Supply System>
a matching turbine generator and fuel for three cores.
Commercial operation of this plant is scheduled for May 1971.
Commercial operation of this plant is scheduled for May 1971.
Maine Yankee Atomic Power Company In early 1967, Combustion   was awarded a contract to furnish an 800 Mwe Nuclear Steam Supply System, and fuel for two cores. Commercial operation of the plant is scheduled for early 1972.
Maine Yankee Atomic Power Company In early 1967, Combustion was awarded a contract to furnish an 800 Mwe Nuclear Steam Supply System, and fuel for two cores.
Commercial operation of the plant is scheduled for early 1972.


V 4
V 4
Line 225: Line 640:
EXHIBIT IV.
EXHIBIT IV.
Page 6
Page 6
: f. Baltimore   Gas & Electric Company - Calvert Cliffs Units 1   & 2 In May 1967, Combustion was awarded a contract to furnish two 850 Mwe Nuclear Steam Supply Systems and fuel for 3-1/3 cores. Commercial operation of Unit 1 is, scheduled for June 1972. Unit 2 is scheduled for operation in June 1973.
f.
: g. Northeast Utilities Services - Millstone Unit No. 2 In December 1967, Combustion was awarded a contract to furnish an 850 Mwe Nuclear Steam Supply System and fuel for two (2) cores.     Commercial operation is scheduled for April     1974.
Baltimore Gas
: h. Jersey Central Power     & Light - Forked River No. 2 In December 1969 Combustion Engineering was awarded a contract to furnish   1130 Mwe Nuclear Steam Supply System and   fuel for two (2) cores. Commercial operation is scheduled for February 1976.
& Electric Company - Calvert Cliffs Units 1
Southern California Edison - San Onofre Units Nos. 2 & 3 In February 1970 Combustion was awarded a contract to furnish two 1180 Mwe Nuclear Steam Supply Systems and initial fuel loads.     Commercial operation for Unit No. 1 is scheduled for June 1975. Unit No. 2 is scheduled for operation in June 1976.
& 2 In May 1967, Combustion was awarded a contract to furnish two 850 Mwe Nuclear Steam Supply Systems and fuel for 3-1/3 cores.
: j. Arkansas Power & Light - Arkansas Nuclear One - Unit       2 In May 1970 Combustion was awarded a contract to furnish a 950 Mwe Nuclear Steam Supply System and initial fuel. Commercial operation is scheduled for December 1975.
Commercial operation of Unit 1
: k. Louisiana   Power &, Light - Waterford Unit No. 3 In July 1970 Combustion was awarded a contract to furnish 1150 Mwe Nuclear Steam Supply System and initial fuel. Commercial operation   is scheduled for December 1976.
is, scheduled for June 1972.
Unit 2 is scheduled for operation in June 1973.
g.
Northeast Utilities Services
- Millstone Unit No.
2 In December
: 1967, Combustion was awarded a contract to furnish an 850 Mwe Nuclear Steam Supply System and fuel for two (2) cores.
Commercial operation is scheduled for April 1974.
h.
Jersey Central Power
& Light - Forked River No.
2 In December 1969 Combustion Engineering was awarded a contract to furnish 1130 Mwe Nuclear Steam Supply System and fuel for two (2) cores.
Commercial operation is scheduled for February 1976.
Southern California Edison - San Onofre Units Nos.
2 & 3 In February 1970 Combustion was awarded a contract to furnish two 1180 Mwe Nuclear Steam Supply Systems and initial fuel loads.
Commercial operation for Unit No.
1 is scheduled for June 1975.
Unit No.
2 is scheduled for operation in June 1976.
j.
Arkansas Power
& Light - Arkansas Nuclear One - Unit 2 In May 1970 Combustion was awarded a contract to furnish a 950 Mwe Nuclear Steam Supply System and initial fuel.
Commercial operation is scheduled for December 1975.
k.
Louisiana Power
&, Light - Waterford Unit No.
3 In July 1970 Combustion was awarded a contract to furnish 1150 Mwe Nuclear Steam Supply System and initial fuel.
Commercial operation is scheduled for December 1976.


EXHIBIT IV.
EXHIBIT IV.
Page 7 The development   and design by Combustion     of a pressurized water reactor for utility service     dates back to 1958. At that time, the company was selected by the AEC to undertake the design, analysis and economic evaluation of a 250 Mwe PWR plant, in conjunction with an architect-engineer.         This effort provided initial technical   and economic   guidelines for Combustion's commercial development of the PWR.
Page 7
The development and design by Combustion of a pressurized water reactor for utility service dates back to 1958.
At that time, the company was selected by the AEC to undertake the design, analysis and economic evaluation of a 250 Mwe PWR plant, in conjunction with an architect-engineer.
This effort provided initial technical and economic guidelines for Combustion's commercial development of the PWR.
Combustion's nuclear laboratories have been engaged in the development and testing of fuels, fuel elements, control assem-blies, reactor components and materials for reactor application.
Combustion's nuclear laboratories have been engaged in the development and testing of fuels, fuel elements, control assem-blies, reactor components and materials for reactor application.
Particular emphasis has been given to U02 and Zircaloy cladding technology, involving both in-pile and out-of-pile investigations.
Particular emphasis has been given to U02 and Zircaloy cladding technology, involving both in-pile and out-of-pile investigations.
The initial efforts in the laboratories were associated with submarine reactor programs.       Since 1960, the personnel of the nuclear laboratories   have actively participated in the joint
The initial efforts in the laboratories were associated with submarine reactor programs.
                    -
Since 1960, the personnel of the nuclear laboratories have actively participated in the joint United States AEC - Euratom research and development program for fuels development.
United States AEC Euratom research and development program for fuels development. In addition to these programs, personnel in the nuclear laboratories have been responsible for materials design activities for the HWOCR study and for pressurized water, boiling water, nuclear superheat, and fast breeder reactor systems.
In addition to these
During the period 1955 - 1961) Combustion was a major supplier of nuclear cores for naval propulsion service. The company has fabricated the boiling and the superheating fuel for the BONUS reactor. The boiling section of this core is made up of Zircaloy-clad'od type UO fuel elements fundamentally similar to those being utilized iE this plant. The superheater fuel utilizes Inconel-clad rod type U02 fuel elements. The superheater cladding is designed for an operating temperature of 1250 F.
: programs, personnel in the nuclear laboratories have been responsible for materials design activities for the HWOCR study and for pressurized
Combustion has   fabricated and shipped many reactor vessels for utility plant   service and for naval service. Additional vessels for plant sizes up through 850 Mwe are now in process for future service.
: water, boiling water, nuclear superheat, and fast breeder reactor systems.
The company has been     fabricating nuclear steam generators for naval service for approximately ten years. In addition, the company designed and fabricated the ten steam generators in the Hanford New Production Reactor     facility.
During the period 1955 - 1961)
The P. F. Avery Company, a     subsidiary of Combustion, is   a highly experienced organization with the       facilities for manufacturing all reactor vessel internal structures.
Combustion was a major supplier of nuclear cores for naval propulsion service.
The Windsor facilities of Combustion are equipped       to fabricate and provide the necessary quality control for the       fabrication of fuel assemblies,   control assemblies,   control assembly drive mechanisms, and other specialized nuclear components.}}
The company has fabricated the boiling and the superheating fuel for the BONUS reactor.
The boiling section of this core is made up of Zircaloy-clad'od type UO fuel elements fundamentally similar to those being utilized iE this plant.
The superheater fuel utilizes Inconel-clad rod type U02 fuel elements.
The superheater cladding is designed for an operating temperature of 1250 F.
Combustion has fabricated and shipped many reactor vessels for utility plant service and for naval service.
Additional vessels for plant sizes up through 850 Mwe are now in process for future service.
The company has been fabricating nuclear steam generators for naval service for approximately ten years.
In addition, the company designed and fabricated the ten steam generators in the Hanford New Production Reactor facility.
The P. F. Avery Company, a subsidiary of Combustion, is a highly experienced organization with the facilities for manufacturing all reactor vessel internal structures.
The Windsor facilities of Combustion are equipped to fabricate and provide the necessary quality control for the fabrication of fuel assemblies, control assemblies, control assembly drive mechanisms, and other specialized nuclear components.}}

Latest revision as of 02:10, 6 January 2025

Hutchinson Island Units 1 and 2 - Exhibit II Facts & Figures Florida Power & Light Company Supplement to Annual Report for 1970, Exhibit III, and Exhibit IV
ML18096B403
Person / Time
Site: Saint Lucie  NextEra Energy icon.png
Issue date: 12/31/1970
From:
Florida Power & Light Co
To:
US Atomic Energy Commission (AEC)
References
Download: ML18096B403 (26)
v • d • e


Text

EXHIBIT II.

Index 350 0

FLORIDA POMfEB & LIGHT COMPANY SUPPLEMENT TO ANNUAL REPORT FOR 1970 300 250 200 150 TOTAL ELECTRIC SALES Kilowatt Hours 10-Year Growth Trend/Index: 1960 =100 CII I

O 100

This booklet has been prepared primarily for the information of security analysts and institutional investors and is available to other interested persons.

It is not intended for use in connection with any sale, or offer for sale, or solicitation of an offer to buy any securities.

iiAnA FLORIDA POWER 4 LIGHTCOMPANY P.o. BOX 3 I00, MIAMI,FLORIDA 33101

F I.

0 R

I D

A P

0 W

E R

at L-I G

H T

C 0

M P

A N

Y The Company was organized and incorporated under the laws of Florida in December, 1925 and supplies electric service to 560 communities.

The territory served lies wholly within peninsular Florida. It includes the Cape Kennedy area, famous Atlantic and Gulf Coast winter and summer tourist areas, thc State's largest and most rapidly developing manufacturing ccntcr, and areas having extensive develop-ments of citrus, bccf and dairy cattle and winter vegctablcs.

This booklet provides comparative figures for the 6-year period, 1965-70 reflecting the continued sound and rapid growth of the Company's business.

All financial statements shown should be considered in conjunction with notes in the Company's annual reports.

INDEX Page Balance Sheet.

Summary of Net Change in Plant.

Statement of Income Common Stock Earnings and Dividends.

Resources Provided and Applied Financial Statistics.

Operating Statistics.

Generating and Distribution Statistics.

Capitalization Data Generating Capability Chart Inside Back Cover

FLORIDA POWER IL LIGHT COMPANY BALANCE SHEET (YEAR END)

(Thousands of Dollars)

ASSETS 1970 1969 1968 1967 1966 1965 Plant at original cost In service Held for futur'e use.

Construction work in progress...

Total plant.

Less accumulated dcprcciation.....

Total plantnet.

Storm damage reserve fund........

Other investments.

Current assets Cash and cash items.

Receivables, less reserve.

Fuel stock....................

Materials and suppliesnet.....

Other current assets.

Total current assets.

Dcferrcd debits.

Total assets.

$ 1,402,214 18,852 242,221 1,663>287 297,225 I>366,062 11,712 434 10,685 26,239 3,390 34,334 4,960 79,608 235

$ 1,458,051

$ 1,268,966 12,701 148,256 1,429,923 266,393 1,163,530 11,268 475 26,767 24,267 3,352 29,914 3,875 88,175 625

$ 1,264,073

$ 1,143,489 9,629 135,523 1,288,641 234,704 1,053,937 10,899 549

$ 1,040,429 5,533 77,224 1,123,186 209,518 913,668 10,591

~

633 14,339 21,472 2,873 25,375 2,664 7,946 16,501 3,113 25,573 2,555 55,688 66,723 316 369

$ 1,132,424 S

980,949 938,031 4,274 58,748 1,001,053 187,927 813,126 10,305 1,356 32,598 15,929 2,557 19,752 2 223 73,059 685 898,531

$860,206 3,389 37,938 901,533 166,878 734,655 9,518 2,114 17,252 15,389 2,583.

23,383 1,931 60,538 844

$807,669 LIABILITIES Long-term debt.

Preferred stock.

Common stock.

Capital stock premium and expcnsc...

Retained earnings.

Total common equity.

Total proprietary capital.........

Total capitalization Customers'eposits.

Current liabilities Notes payable Taxes accrued.

Other current liabilities.

Total current liabilities..........

Dcfcrred investmcnt credit.

Other dcfcrrcd credits Contract retentions.

Storm damage and other reserves.....

Contributions in aid ofconstruction...

Deferred income taxes.

Total liabilities.

S 670,519 S

600,926 S

551,459 S

442,260 382,802 36,250 299,242 (2,105) 200,774 36,250 299,242 (2,039) 172,800 36,250 255,283 (2,039) 147,537 36,250 255,283 (2,039) 125,128 36,250 255,283 (2,033) 103,024 497,911 534,161 1,204,680 470,003 506,253 1,107,179 400,781 437,031 988,490 378,372 414,622 356,274 392,524 8>6,8>2 77>,326 35,037 32 233 29,750 27 733 26,034 71,600 26,456 50,227 24,125 34,704 21,101 33,608 19,785 27,457 148,283 58,829 54,709 47,242 16,864 4,602 8,505 13,452 10,113 12,296 17,160 5,332 8,742 13>522 12,941 l2,354 14,480 5,819 5,071 13,199 7,687 13,219 11,694 3,852 I

12,935 6,468 14,143 29,868 20,869 50,737 9,303 3,570 12,753 5,742 15,066 898,531

$ 1,458,051

$ 1,264,073

$ 1,132,424 S

980,949

$343,389 36,250 234,202 (2,008) 78,372 310,566 346,816 690,205 24,381 30,841 17,803 48,644 7,279 3,122 12,626 5,423 15,989

$807,669

SUMMARY

OF NET CHANGE IN PLANT Construction cxpcnditurcs.

Equipment refunds and adjustments...

Total cxpcnditurcs.

Less plant rctircd or sold Net change in plant.

S 250,345 250,345 16,981 S

233,364 S

149,245 (48) 149,197 7,915 141,282 S

133,117 S

176,258 (43) 176,215 10,760 133,117 10,984 S

165,455 S

122,133 109,614 (295) 109,319 9,799 99,520 S 88,351 (6,344) 82,007 22,449 S 59,558 Pago 2

FLORIDA POWER

&, LIGHT COMPANY STATEMENT OF INCOME (Thousands of Dollars)

OPERATING REVENUES ELECTRIC Revenues from energy sales.

Other revcnucs.

Total operating rcvcnucs.............

1970

$414,295 1,757

.. 5416,052 1969

$367,794 1,716 369.510 1968

$323,159 1.450 324,618 1967

$284,044 1,282 285,326 1966

$267,577 1,095 268,672 1965

$247,973 1,118 249,091 OPERATING EXPENSES Generation Fueloil.

Fuel gas.

Other expenses.

Total generation.

Interchange powernet.

Transmission.

Distribution.

Customer accounting.

Sales promotion.

Administrative and general............

Total operation and maintenance..

Taxes other than income Federal income tax Deferred income taxesAcccl. amortization.

Dcfcrrcd income taxesAccel. dcprcciation.

Charge equivalent to investment credit.....

Amortization of invcstmcnt credit.........

Depreciation and amortization.............

Total operating expenses..............

44,508 42,249 14,535 101,292 (I,G94) 6,051 41,641 10,547 7,664 32,938 198,439 35,26G 42,203 (1,272) 1,331 1,056 (761) 42,327 318,589 35,111 37,797 10,923 83,831 (1,051) 5,208 33,236 9,133 7,613 25,744 163,714 31,365 49,386 (923) 3,024 (640) 38,247 284,173 37,405 26,380 9,928 73,713 (49) 4,034 26,411 7,456 5,775 21,660 139,000 28,269 46,639 (923) 3,294 (508) 34,562 250,333 39,662 14,618 10,136 64,416

~

18 3,476 22;782 7,319 5,222 19,756 122,989 27,097 35,713 (923) 2,787 (396) 31,331 218,598 36,623 13,724 8,057 58,404 182 3,342 21,254 7,153 4,772 18,348 113,455 22,505 39,348 (923) 2 327 (303) 28,598 205,007 32,581 12,219 7,390 52,190 (139) 2,787 20,024 6,701 4,687 17,178 103,428 19,823 37,892 (923) 3,243 (177) 30,935 194,221 OPERATING INCOME....

Other income and deductions..................

INCOME BEFORE INTEREST CHARGES.....

Interest charges.

NET INCOME.

Prel'erred dividends.

EARNINGS AVAILABLEFOR COMMON...

Common dividends RETAINED EARNINGS.

97,4G3 139 97,602 38,375 59,227 1,615 57,612 29,638

$ 27,974 85,337 613 85,950 32,523 53,427 1,615 51,812 26,549

$ 25,263 74,276 (90) 74,186 25,276 48,910 1,615 47,295 24,881

$ 22,414 66,728 (68) 66,660 19,728 46,932 1,615 45,317 23,213

$ 22,104 63,665 (93) 63,572 16,275 47,297 1,615 45,682 21,080

$ 24,602 54,870 (244) 54,626 14,039 40,587 1,615 38,972 19,448

$ 19,524 COMMON STOCK Shares year cnd (000)

Shares weighted average (000).............

Earnings per share wcightcd average (000)..

Dividends paid per sharc Per cent payout.

14,600 14,600

$3.95

$2.03 51.4 14,600 13,938

$3.72

$ 1.91 51.2 13,900 13,900

$3.40

$ 1.79 52.6 13,900 13,900

$3.26

$ 1.67 51.2 13,900 13,625

$3.35

$ 1.55 46.1 13,600 13,600

$2.87

$ 1.43 49.9 Pago,3

FLORIDA POWER a LIGHT COMPANY STATEMENT OF RESOURCES PROVIDED AND APPLIED (Thousands of Dollars)

PROVIDED 1970 1969 1968 1967 Total 1966 1966-70 Retained earnings.

Charges against income not requiring current cash outlay:

.. $ 27,974 S 25,263

$ 22,414 S 22,104 S 24,602

$ 122,357 Depreciation and other rcscrvcs..

44,008 Defcrrcd fcdcral income taxesAccel. amortization,...

(1,272) 39,520 (923) 35,798 (923) 32,390 (923) 29,513 (923) 181,229 (4,964)

Dcfcrrcd fcdcral income taxes-Accel. dcprcciation Dcfcrrcd invcstmcnt credit-nct.....

Customers'eposits.

Contributions in aid of construction...

1,331 295 2,804 2,828 2,384 2,483 2,426 2,78G 2,017 1,219 2,391 1,699 726 1,331 1,653 319 10,656 7,518 2,024

',880 Net salvage Manufacturers'rice adjustmcnt.

Other rcsourccs.

Financing Common stock.

3>42 I I >714 34 2,020 43,960 (51) 43 G,256 1,431 1>121 295 1,547 21,081 4,636 338 12,968 65,041 Mortgage bonds.

Decrease in working capital.

Total resources provided.

70,071 98,022

.. $251,196 50,265

$ 167,432 111,376 60,140 40,184 332,036 13,876 111,898 S180,935

$ 133,945

$ 121,41G S 854,924

'Due largely to $7I.G million incrcasc in short-term notes payable which were liquidated upon consummation of Bond Sale in January, 1971.

APPLIED Construction cxpcnditurcs.

Sinking fund requirements.

407 533 801 542 587 2,870

$250,345

$ 149,245

$ 176,258

$ 133,117

$ 109,614

$818,579 Storm fund income and tax adjustments..

444 369 308 286 787 2,194 Increase in working capital.

Total rcsourccs applied...

$251,196 17,285

$ 167,432 3,568

$ 180,935

$ 133,945 10,428 31,281

$ 121,416

$854,924 Page 4

il,g

~

FLORIDA POWER & LIGHT COMPANY FINANCIALSTATISTICS CAPITALIZATIONPERCENTAGES Debt.

Preferred stock Common stock equity.

1970 1969 54.3 3.0 3.3 41.3 424 1968 55.8 3.7 40.5 1967 SI.G 4.2 44.2 196G 1965 49.4 49.8 4.7 5.2 45.9 45.0 PERCENTAGE OF DEBT TO:

Total plant.

Net plant.

,. 40.3 42.0 42.8

.. 49.1 51.6 52.3 39.4 48.4 38.2 47.1 38.1 4G.7 PERCENTAGE OF ACCRUED DEPRECIATION TO:

Total plant.

17.9 18.G 18.2 18.7 18.8 18.5 DISTRIBUTION OF OPERATING REVENUES (%)

Taxes.

Fuel.

Operating payroll and benefits.

Depreciation and amortization.

Supplies and other expenses.

Interest and other deductions.

Dividends.................................

~ ~.

~

~

~

~

Retained in business

,. 18.9 22.4 23.8 20.8 19.8 19.7 17.2 16.2 IS.3 10.0 10.2 10.5 9.6 8.4 7.8 9.3 8.6 7.8 7.5 7.6 8.2 6.7 6.8 6.9 22.7 19.0 15.8 10.8 8.3 6.9 8.7 7.8 23.5 18.7 15.5 10.5 8.0 6.1 8.5 9.2 24.1 18.0 15.0 12.4 8.5 5.7 8.5 7.8 DISTRIBUTION OF INCOME BEFORE INTEREST (%)

Interest charges.

Preferred dividends.

Available for common.

INCOME BEFORE INTEREST (times earned)

Interest on mortgage bonds.

Interest on total long-term debt.

Interest charges.

Interest charges and preferred dividends.

39.3 37.8 1.7 1.9 59.0 60.3 2.8 2.8 2.8 2.8 2.5 2.6 2.4 2.5 34.1 2.2 63.7 3.2 3.2 2.9 2.8 29.6 2.4 68.0 4.0 3.9 3.4 3.1 25.6 2.5 71.9 4.5 4.4 3.9 3.6 25.7 3.0 71.3 4.6 4.5 3.9 3.5 PERCENTAGE OF OPERATING REVENUES Income before interest.

Net income Available for common.

AVERAGE COST LONG TERM DEBT (%)

.. 23.5 23.3 14,2 14.5

.. 13.8 14.0 5.51 5.28 22.9 23.4 15.1 16.4 14.6 15.9 4.88 4.39 23.7 21.9 17.G 16.3 17.0 15.6 4.19 4.09 Page 5

FLORIDA POWER 8E LIGHT COMPANY OPERATING STATISTICS KWH GENERATEDINTERCHANGED (000) 1970 Generated net.

~

~

~

~

~ 25,394,200 Interchanged net..........

(281,477)

Company usc and losses 1,997,342 Energy sold.

23,115,381 1969 1968 1967 196G 1965 19,354,531 16,640,181

'(7,183) 235 1,596,031 1,350,996 22,363,866 (145,802) 1,772,892 IS,026,735 29,333 1,320,186 13,387,104 (14,941) 1,283,974 20,445,172 17,751,317 15,289,420 13,735,882 12,088,189 KWH SALES (000)

Residential..

Commercial.

Industrial.

Government and municipal..

Other utilities.

Total sales.

6,495,328 4,176,799 1,867,558 874,717 321,480 10,277,902 5,689,152 1,813,880 2,015,657 648,581 7,211,301 4,677,840 2,025,476 994,289 380.514 8,640,243 5,252,163 2,216,921 1,135,277 506,713 11,814,172 6,475,639 2,044,013

~

~

1,995,258 786,299 5,539,803 3,793,056 1,719,306 783,591 252,433 23,115,381 20,445,172 17,751,317 15,289,420 13,735,882 12,088,189 KWH SALES (%)

Residential.

Commercial Industrial.

Governmental and municipal...

Other utilitics.

Total..

51.1 28.0 8.9 8.6 3.4 100.0 50.3 27.8 8.9 9.8 3.2 100.0 48.7 29.6 12.5 6.4 2.8 100.0 47.2 30.6 13.2 6.5 2.5 100.0 47.3 30.4 13.G 6.4 23 100.0 45.8 31.4 14.2 6.5 2.1 100.0 REVENUE FROM ENERGY SALES (000)

Residential.

Commercial Industrial.

Govcrnmcntal and municipal................

Other utilitie's.

Total revcnucs from cncrgy sales.........

$223,330 129,028 26,555 28,581 6,801 S414,295

$ 196,009 114,566 23,786 27,912 5,521

$367,794

$ 168,330 104,592 26,583 19,326 4,328

$323,159 S144,501 94,458 24,522 17,300 3,263

$284,044

$ 132,983 90,129 25,326

  • 16,353 2,786

$267,577

$ 116,433 90,334 23,675 15,290 2,241 S247,973 REVENUE FROM ENERGY SALES (%)

Residential.

Commercial.....

Industrial.

Government and municipal................

Other utilitics.

Total..

53.9 31.1 6.4 6.9 1.7 100.0 53.3 31.1 6.5 7.6 1.5 100.0 52.1 32.4 8.2 6.0 1.3 100.0 50.9 33.3 8.6 6.1 I.I 100.0 49.7 33.7 9.5 6.1 1.0 100.0 47.0 36.4 9.5 6.2

.9 100.0 CUSTOMERS (Average)

Rcsidcnt ial.

Commercial.

Industrial.

Government and municipal."..

Other utilities.

Total.

1,115,070 121,353 5,055 11,616 30 1,045,744 115,712 4,924 10,938 29 1,253,124 1,177,347 985,706 108,343 4,G70 10,473 28 1,109,220 934,843 101,782 4,454 10,230 25 1,051,334 887,896 98,327 4,3GI 9,412 24 1,000,020 841,604 94,929 4,321 8,715 22 949,591 RESIDENTIAL SERVICE Annual KWH per customer...........

Annual revenue per customer..........

Average rcvenuc pcr KWH 10,595 S200.28 1.89c 9,828

$ 187.43 1.9lc 8,766

$ 170.77 1.95c 7,714

$ 154.57 2.00c 7,315 6,582

$ 149.77

$ 138.35 2.05c 2.10c Page 6

ITLOIttOA POWER 8, LIGHT COMPANY GENERATING STATISTICS GROSS CAPABILITYKW (year end)

Fort Lauderdale Riviera.

Miami.

Cutler.

Sanford.

Palatka.

Ft. Mycrs.

Port Evcrgladcs.

Cape Kennedy.

Turkey Point.

Total.

1970 770,000 737,000 5 I FOOO 371,000 165,000 128,000 597,000

. 1,350,500 864,000 877,500 5,911,000 1969 330,000 737,000 51,000 371,000 165,000 128,000 597,000 1,350,500 864,000 8~77 500 5,471,000 1968 330,000 737,000 51,000 371,000 165,000 128,000 165,000 1,337,000 432,000 864,000 4,580,000 1967 330,000 737,000 51,000 371,000 165,000 128,000 165,000 1,337,000 432,000 432,000 4,148,000 1966 330,000 737,000 51,000 371,000 165,000 128,000 165,000 1,337,000 432,000 3,716,000 1965 330,000 737,000 51,000 371,000 165,000 128,000 165,000 1,337,000 432,000 3,716,000 PEAK DEMANDKW (60 minute net)....

5 001 000 4,329,000 3,789,000 3,160,000 2,914,000 2,529,000 LOAD FACTOR LAD mieule) 57 59 58 60 59 FUEL Barrels oil used (000).

Cost per barrel.

MCF gas used (000).

Cost per MCF.

Total barrels equivalent used (000)...

Avcragc cost pcr barrel equivalent...

Fuel cost per million BTU.

22,762

$ 1.96 115,870

$0.365 40,318

$2.15 33.6c 18,687

$ 1.88 108,634

$0.348 35,147

$2.07 32.2c 18,731

$2.00 77,370

$0.341 30,454

$2.09 32.7c 19,522

$2.03 43,909

$0.333 26,174

$2.07 32.5c 17,687

$2.07 40,475

$0.339 23,820

$2.11 33.2c 15,744

$2.07 35,438

$0.345 21,113

$2.12 33.3c KWH PER BARREL EQUIVALENT..

630 636 636 636 631 634 HEAT RATE (BTU per KWH)..

10,128 10,112 10,081 10 025 10,096 10,041 MILES OF ELECTRIC LINES Transmission..

Distribution.

Total.

3,255 25,155 28,410 3 223 24,050 27273 3,204 22,915 26,119 3,115 21,998 25,113 2,912 21,248 24,160 2,700 20,553 23,253 CUSTOMERS PER MILE DISTRIBUTION (end of year).

52 51 50 49 48 48 Page 7

FLORIDA POWER a LIGHT COMPANY CAPITALIZATIONDATA (YEAR END)

(Thousands of Dollars)

LONG-TERM DEBT Mortgage bonds 3YR% series due January 1974....

8Ys% series due July 1975 3% series due July 1977.

3Ys% series due June 1978.

3% series due June 1979.

3Ys% series due November 1981..

3Ys% series due April 1983.

3Ys% series due November 1984..

3Ys% series duc April 1986.

4 Vs% series due December 1986...

4Ys% scrics duc May 1987 4Ys% series duc April 1988.

5% series due June 1989 4Ys% series due August 1992 4N% series due April 1994.

4Ys% series due March 1995......

5% series duc December 1995.....

6% series due December 1996.....

6V4% scrics due December 1997...

I% series due June 1998 7% series due December 1998.....

8% series duc Junc 1999..

Total mortgage bonds Sinking fund debcnturcs 3Y4%series due July 1972 Total long-term debt.

PREFERRED STOCK 48%;including series A, 8, C)..

4.32% series D.

4 35% series E Total preferred stock COMMON STOCK EQUITY Common stock Capital stock premium and expense-Prcmium on prcfcrred stock Preferred stock expense (deduction)..........

Common stock cxpensc (deduction)..........

Total capital stock premium and expense...

Retained earnings Total common stock equity...............

Total proprietary capital 1970

$36,894 70,000 10,000 11,000 10,000 10,000 15,000 10,000 15,000 15,000 15,000 20,000 25,000 25,000 35,000 40,000 40,000 40,000 60,000 60,000 50,000 50,000 662,894 7,625 670,519 26,250 5,000 5,000 36,250 299,242 118 (442)

(1,781)

(2,105) 200,774 497,911 534,161 1969

$37,301 10,000 11,000 10,000 10,000 15,000 10,000 15,000 15,000 15,000 20,000 25,000 25,000 35,000 40,000 40,000 40,000 60,000 60,000 50,000 50,000 593,301 7,625 600;926 26,250 5,000 5,000 36,250 299,242 118 (442)

(1,715)

(2,039) 172,800 470,003 506,253 TOTAL CAPITALIZATION

$ 1,204,680

$ 1,107,179 page S

FLORIDA POWER 8 LIGHT COMPANY GENERATING CAPABILITY 1961 - 1975 (Location Undetermined) 850 MW Hutchinson Island No. 1 890 NW (Nuclear)

Port Manatee No. 1 850 MW Sanford No. 5 419 MW Sanford No. 4 419 MW Turkey Point No. 4 760 MW (Nuclear)

Turkey Point No. 3 760 MW (Nuclear)

Gas Turbines 444 MW YEAR-END CAPABILITY (MEGAWATTS) 11,307 10,457 8,717 8,298 7,119 5,911

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At FPL, we add more electric customers each year than any other utilityin the nation. To stay ahead of our state's tremendous growth, we'e currently engaged in a $ 1.9 billion expansion program.

We must nearly double our present generating capacity by 1975.

During this growth process, we'e taking care to protect Florida's natural environment. That's because we consider our job to be twofold: to serve the community while protecting the environment and its natural beauty.

%pal

EXHIBIT IV.

Page 8

Combustions'hattanooga Plant includes a separate facility which is equipped and staffed to design and fabricate, and to provide quality control for large reactor pressure components.

The facility has such special equipment as heavy duty cranes and large capacity machine tools capable of performing work on large, heavy parts to close tolerances and fine surface finishes.

It is also equipped with the latest testing and quality control equipment, including a linear accelerator for weld examination.

Combustion's UtilityDivision nuclear activities are centered in three locations:

The Nuclear Power Department at Windsor, Connecticut; the Naval Reactors Division at Windsor, Connecticut; and the Nuclear Components Department at Chattanooga, Tennessee.

EXHIBIT III.

FLORIDA POWER 6 LIGHT COMPANY HUTCHINSON ISLAND UNIT NO.

2 Estimate of Construction Costs I.

Total Nuclear Production Plant Costs

$ 220,400,000 (Note 1)

II.

Transmission, Distribution, and General Plant Costs 4,600,000 (Note 2)

III.

Nuclear Fuel Inventory Cost for First Core 23)931,000 (Note 3)

(Note 1)

The nuclear production plant cost is based on (1) a contract with Combustion Engineering and estimated escalation, (2) a contract with Ebasco providing a firm price for engineer-ing and home office services, (3) engineering estimates of labor, materials, and construction costs including escalation, (4) Applicant's estimated costs for engineering, consulting

services, training, startup, and sales tax, and (5) a firm price contract with Westinghouse Electric Corporation for a turbine-generator.

In accordance with Applicant's established policy, the cost of land is excluded.

(Note 2)

Of those costs which are classified as "Transmission",

"Distribution", and "General Plant" costs by the Uniform System of Accounts of the National Association of Railroad and Public Utility Commissioners, only those associated with the plant switchyard are allocated to the power plant project and are herewith set forth.

(Note 3)

Nuclear fuel inventory costs for first core are based on a contract with Combustion Engineering for the supply of a complete core including uranium, enrichment and fabrication, at a firm price except for enrichment escalation.

No special nuclear material leased from the Atomic Energy Commission will be utilized in the plant.

C

EXHIBIT IV.

FLORIDA POWER & LIGHT COMPANY HUTCHINSON ISLAND UNIT NO.

2 Technical ualifications of Contractors EBASCO SERVICES INCORPORATED Ebasco Services Incorporated furnishes services in engineering and construction of thermal, both conventional and nuclear, and hydroelectric projects in the United States and throughout the world.

The company's present technical staff totals more than 2,000 persons engaged in all phases of public utility engineering,

design, construction purchasing, inspection and expediting of material and consultation on utility operating matters.

The company has available and is able to bring to bear on any given project a broad range of engineering, construction and consult-ing experience.

Since its organization in 1905 Ebasco has planned,

designed, constructed and placed into operation more that 41,500,000 kilowatts of electric generating capacity.

Presently in process of design or construction are 58 thermal electric and hydroelectric units totaling 22,500,000 kilowatts including 5,000,000 kilowatts of nuclear capacity.

Of these, 35 units are in the United States.

The total dollar value of projects constructed or being constructed by Ebasco exceeds

$ 8 billion.

Ebasco's nuclear experience includes engineering

studies, the evaluation of reactor
systems, selection of the nuclear sites, hazards evaluations, detailed engineering
design, construction and startup and testing of nuclear power facilities as described below:

a.

Louisiana Power

& Light Co. - Waterford Steam Electric Station Units Nos.

3 & 4 Ebasco is providing engineering and construction management services for a two-unit plant of 1100 Mwe each using Combustion Engineering, Inc. nuclear steam supply system.

b.

Taiwan Power Company - Chin-Shan Units Nos.

1 & 2 Ebasco is responsible for the engineering design and construction supervision for Chin-Shan Units Nos.

1

c

EXHIBIT IV.

Page 2

& 2.

General Electric A.P.E.D. is supplying the BWR nuclear steam supply system.

Unit output is rated at 636 Mwe.

Unit No.

1 is scheduled for commercial operation in February 1975 and Unit No.

2 is scheduled for operation in March 1976.

c ~

Public Service Company of Colorado - Ft. St, Vrain Plant Ebasco is engaged by Gulf General Atomic Incorporated to construct a 330 Mwe nuclear power plant utilizing a high temperature gas-cooled reactor (HTGR).

The plant will be owned and operated by the Public Service Company of Colorado.

Construction began in March 1968 with commercial operation previously scheduled for March 1971.

This station will be the first HTGR in the United States with a prestressed concrete reactor vessel.

d.

Vermont Yankee Nuclear Power Corporation - Vermont Yankee Plant Ebasco is engaged as Agent of the Vermont Yankee Nuclear Power Corporation for the engineering and construction of a 540 Mwe nuclear power plant using a General Electric Company boiling water nuclear steam supply system.

The nuclear plant will be owned and operated by the Yankee group of 11 investor-owned electric utility companies.

e.

Carolina Power

& Light Company - H. B. Robinson No.

2 Ebasco is working with Westinghouse Electric Corpora-tion, the prime contractor, in the design engineering and construction of a 670 Mwe nuclear power plant.

Using a Westinghouse pressurized water nuclear steam supply system, the plant will be owned and operated by the Carolina Power

& Light Company.

Millstone Point Company - Northeast Utilities Millstone Unit No.

1 Ebasco is a subcontractor to GE, the prime contractor, performing the design engineering and construction of the 650 Mwe Millstone Nuclear Power Plant, Using a GE boiling water nuclear steam supply system the plant will be located at Millstone Point, Connecticut.

The

EXHIBIT IV.

Page 3

plant will be owned and operated by the Millstone Point Company which is comprised of The Connecticut Light and Power

Company, The Hartford Electric Light
Company, and Western Massachusetts Electric Company.

Centrales Nucleares del Norte - Nuclenor (Spain)

Ebasco is a subcontractor to GE, the prime contractor, in the design engineering and construction management of a 440 Mwe nuclear power plant.

The plant, using a

General Electric boiling water nuclear steam supply system, will be located at Santa Maria de Garona on the Ebro River in Spain.

It will be owned and operated by Centrales Nucleares del Norte, S A (Nuclenor),

comprised of the investor-owned electric utilities, Iberduero and Viesgo.

Japan Atomic Power Company - Tsuruga Ebasco is a subcontractor to GE for design engineering and inspection of construction of the 350 Mwe Tsuruga Nuclear Power Plant.

The plant, using a

GE boiling water nuclear steam supply system, will be located on the Tsuruga Peninsula in Japan and will be owned by The Japan Atomic Power Company.

Tokyo Electric Power Company - Fukushima No.

1 and No.

2 Ebasco is a subcontractor to GE, providing design engineering and inspection of construction of the 440 Mwe Unit No.

1 and has initiated work on the 780 Mwe Unit No.

2 of the Fukushima Nuclear Electric Station.

This station will be owned and operated by The Tokyo Electric Power

Company, Inc.

Advanced Test Reactor Ebasco has prime contract responsibility for the engineering, design and the engineering inspection of construction of the Advanced Test Reactor Project.

This project is being built for the Atomic Energy Commission at the National Reactor Testing Station in Idaho.

This is a 250 Mwt test reactor facility containing a total of nine test loops, "hot cells" and other supporting services and installations.

The basic design and construction are now complete and criticality was attained on July 2, 1967.

I'

EXHIBIT IV.

Page 4

k.

Power Burst Facility Ebasco has responsibility for engineering, design and inspection of the Power Burst Facility being constructed for the U. S. Atomic Energy Commission at the National Reactor Testing Station in Idaho.

The reactor will have the capability of generating power bursts as high as 3000 Mw-second with initial asymptotic periods as short as one millisecond.

Completion of the PBF was scheduled for October 15, 1969.

1.

SENN Nuclear Plant Ebasco performed engineering design and construction management for the 150 Mwe (upgraded to 180 Mwe) nuclear power plant for the Societa Elettronucleare Nazionale (SENN) in Italy.

Engineering and construc-tion are now complete.

The plant is operating satisfactorily.

m.

JPDR Nuclear Plant The scope of Ebasco's design and construction work on this project (the Japan Power Demonstration Reactor

-- JPDR) was similar in nature to that described for the SENN project.

Criticality was attained in June 1963 and the first commercial power delivered to the system the first quarter 1964.

COMBUSTION ENGINEERING INCORPORATED Combustion's nuclear power activities are of three general types:

design, development, construction and operation of reactor systems; design and fabrication of nuclear components; and support of design, development and analytical projects.

A summary of the company's principal efforts and accomplish-ments in the light water cooled and moderated reactor field is provided on the following pages.

a.

Naval Propulsion System During the period 1955 through 1960, Combustion was a major contributor to the U. S. Naval Reactors program.

The company designed and built, at its

EXHIBIT IV.

Page 5

Windsor, Connecticut site, the prototype of a small attack submarine power plant.

This prototype (SIC) went into operation in 1959 and has been operated by Combustion as a naval training facility.

A second plant of this type was also designed and built by Combustion for installation in the SSN Tullibee which has been operated as a part of the United States nuclear submarine fleet for ten years.

In the design, development, construction and operation of the proto-type syst: em and the submarine power plant, Combustion's responsibilities included all safety aspects of the reactor systems.

Boiling Nuclear Superheat (BONUS) Plant Combustion has been responsible for the nuclear design and for the direction of startup and initial operation of the BONUS plant in Puerto Rico.

The BONUS plant achieved full power operation in September 1965 and was the first nuclear power plant in the United States operating with an integral superheating core.

Consumers Power Company - Palisades Plant Early in 1966, Combustion was awarded a contract to design and provide components for an 800 Mwe Nuclear Steam Supply System and fabricate its initial fuel loading.

Site construction has started.

Commercial operation was planned 'for May 1970.

Omaha Public Power District Fort Calhoun Station In October

1966, Combustion was awarded a contract to furnish a 475 Mwe Nuclear Steam Supply System>

a matching turbine generator and fuel for three cores.

Commercial operation of this plant is scheduled for May 1971.

Maine Yankee Atomic Power Company In early 1967, Combustion was awarded a contract to furnish an 800 Mwe Nuclear Steam Supply System, and fuel for two cores.

Commercial operation of the plant is scheduled for early 1972.

V 4

II S

P

EXHIBIT IV.

Page 6

f.

Baltimore Gas

& Electric Company - Calvert Cliffs Units 1

& 2 In May 1967, Combustion was awarded a contract to furnish two 850 Mwe Nuclear Steam Supply Systems and fuel for 3-1/3 cores.

Commercial operation of Unit 1

is, scheduled for June 1972.

Unit 2 is scheduled for operation in June 1973.

g.

Northeast Utilities Services

- Millstone Unit No.

2 In December

1967, Combustion was awarded a contract to furnish an 850 Mwe Nuclear Steam Supply System and fuel for two (2) cores.

Commercial operation is scheduled for April 1974.

h.

Jersey Central Power

& Light - Forked River No.

2 In December 1969 Combustion Engineering was awarded a contract to furnish 1130 Mwe Nuclear Steam Supply System and fuel for two (2) cores.

Commercial operation is scheduled for February 1976.

Southern California Edison - San Onofre Units Nos.

2 & 3 In February 1970 Combustion was awarded a contract to furnish two 1180 Mwe Nuclear Steam Supply Systems and initial fuel loads.

Commercial operation for Unit No.

1 is scheduled for June 1975.

Unit No.

2 is scheduled for operation in June 1976.

j.

Arkansas Power

& Light - Arkansas Nuclear One - Unit 2 In May 1970 Combustion was awarded a contract to furnish a 950 Mwe Nuclear Steam Supply System and initial fuel.

Commercial operation is scheduled for December 1975.

k.

Louisiana Power

&, Light - Waterford Unit No.

3 In July 1970 Combustion was awarded a contract to furnish 1150 Mwe Nuclear Steam Supply System and initial fuel.

Commercial operation is scheduled for December 1976.

EXHIBIT IV.

Page 7

The development and design by Combustion of a pressurized water reactor for utility service dates back to 1958.

At that time, the company was selected by the AEC to undertake the design, analysis and economic evaluation of a 250 Mwe PWR plant, in conjunction with an architect-engineer.

This effort provided initial technical and economic guidelines for Combustion's commercial development of the PWR.

Combustion's nuclear laboratories have been engaged in the development and testing of fuels, fuel elements, control assem-blies, reactor components and materials for reactor application.

Particular emphasis has been given to U02 and Zircaloy cladding technology, involving both in-pile and out-of-pile investigations.

The initial efforts in the laboratories were associated with submarine reactor programs.

Since 1960, the personnel of the nuclear laboratories have actively participated in the joint United States AEC - Euratom research and development program for fuels development.

In addition to these

programs, personnel in the nuclear laboratories have been responsible for materials design activities for the HWOCR study and for pressurized
water, boiling water, nuclear superheat, and fast breeder reactor systems.

During the period 1955 - 1961)

Combustion was a major supplier of nuclear cores for naval propulsion service.

The company has fabricated the boiling and the superheating fuel for the BONUS reactor.

The boiling section of this core is made up of Zircaloy-clad'od type UO fuel elements fundamentally similar to those being utilized iE this plant.

The superheater fuel utilizes Inconel-clad rod type U02 fuel elements.

The superheater cladding is designed for an operating temperature of 1250 F.

Combustion has fabricated and shipped many reactor vessels for utility plant service and for naval service.

Additional vessels for plant sizes up through 850 Mwe are now in process for future service.

The company has been fabricating nuclear steam generators for naval service for approximately ten years.

In addition, the company designed and fabricated the ten steam generators in the Hanford New Production Reactor facility.

The P. F. Avery Company, a subsidiary of Combustion, is a highly experienced organization with the facilities for manufacturing all reactor vessel internal structures.

The Windsor facilities of Combustion are equipped to fabricate and provide the necessary quality control for the fabrication of fuel assemblies, control assemblies, control assembly drive mechanisms, and other specialized nuclear components.

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