ML20069F673
| ML20069F673 | |
| Person / Time | |
|---|---|
| Site: | Clinton  |
| Issue date: | 03/18/1983 |
| From: | Will Smith SOYLAND POWER COOPERATIVE, INC. |
| To: | |
| Shared Package | |
| ML20069F668 | List: |
| References | |
| NUDOCS 8303230271 | |
| Download: ML20069F673 (19) | |
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Soyland's beginning : (oyland Power Cooperative, Inc., was organized in and intermediate load generation, will be commercially U September 1963 when six distribution cooperdves operable during the summer of 1987. joined together with the hopes of gaining energy in6 gn- Just two years after the first general manager was hired dence through self-generation. At that time, studies were to guide the cooperative, the Board of Directors took a performed to determine the feasibility of Soyland con- major step toward providing a balanced energy supply for structing and operating its own power plant. The studies the 15 distribution cooperatives and ultimately their rural showed that with just six members generation was not owner-consumers. On November 3,1979, the Soyland economically feasible. Then, on April 23,1975, nine addi- Board of Directors expressed a commitment to the concept tional cooperatives joined the original six and together they of compressed air energy storage (CAES) as a means of pro-began to plan for a long-term power generation mix to meet viding a greatly needed supply of peaking power. The CAES all of their needs. The motivating force behind the incor- facility will be the third phase of Scyland's power supply poration of the new members was the possibility of pur- plans to meet the electric power needs of the 15 member-chasing a portion of the Clinton Power Station from Illinois cooperatives. Power Company. Subsequent actions resulted in Soyland's Soyland has made major strides toward its primary goal ownership of 10.5 percent (97 mw) of the Clinton Power of securing reliable supplies of generating capacity for the Station located in DeWitt County, Illinois. 15 member-cooperatives. Soyland serves more than Further power supply studies indicated that with 15 100,000 rural households and approximately one-third member-cooperatives it was economically feasible for Soy- of the land mass in the state of Illinois. In the beginning land to construct and operate additional power generating there were only six cooperatives; now there is an organiza-facility. Soyland has proposed a 450-megawatt (net) coal- tion of people dedicated to the true spirit of working fired generating station to be built in Pike County, Illinois. together and achieving economical and independent bulk The coal-fired generating station, scheduled to provide base power supplies. l l I i t I i 1 , s 1 L
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Member-cooperatives . - Clay Electric Co-operative,Inc. Illini Electric Cooperative Flora, Illinois Champaign, Illinois Henry L. Gill, h!anager Walter R. Smith, Afanager Clinton County Electric Cooperative, Inc. Illinois Valley Electric Cooperative, Inc. Breese, Illinois Princeton, Illinois Robert W. Vander Pluym, h!anager Thomas R. hicDonald, Afanager Coles-Moultrie Electric Cooperative McDonough Power Cooperative Mattoon, Illinois Macomb, Illinois C. E. Ferguson, hionager . Robert E. Pendell, blanager Corn Belt Electric Cooperative Inc. Monroe County Electric Co-Operative, Inc. Bloomington, Illinois Waterloo, Illinois Jeffrey D. Reeves, h!anager -Joseph J. Fellin, hianager Eastern Illinois Power Cooperative Shelby Electric Cooperative Paxton, Illinois Shelbyville, Illinois Dennis L. Tachick, hianager William E. LeCrone, hianager Edgar Electric Co-operative Association Southwestern Electric Cooperative, Inc. Paris, Illinois Greenville, Illinois hiaurice C. Johnson, hionager Robert H. Neece, hianager Farmers Mutual Electric Company Tri. County Electric Cooperative,Inc. l Geneseo, Illinois Mt. Vernon, Illinois Edgar G. Arnn, hianager AllenSisk, Afanager Wayne-White Counties Electric Cooperative Fairfield, Illinois ; Bill Endicott, hianager Board of directors l 5 l
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if.mn;; . mfru Y ~ i j - l Officers and directors standing from left, front row: Jack Ludwig, Donald F. Sanders, Walter R. Smith, William D. Champion, Richard R. Rurich, manager; Allen Sisk and Dennis L. Tachick. Second row, from left: Jeffrey D. Reeves, Lyndall Pigg, Thomas R. Mcdonald, Albert Hagenbuch, C. E. Ferguson, Maurice J ohnson, D. E. Hanes, Paul Mallinson and Preston A. Mos-bacher. Back row, from left: Robert W. Vander Pluym, William L. Stanford, Joseph J. Fellin, Robert E. Pendell, L. Eugene ; i Boldt, James F. Beatty, Larry L. Hosselton, Henry L. Gill, Bill Endicott, Byron G. McCoy, Eugene Dressler, Edgar G. Arnn and Irvin W. Wessel. Not shown: William E. LeCrone and Robert H. Neece. [ 2
' Officers sd directors President Walter R. Smith 1211 W. Healy Champaign, Illinois 61820 Vice President Secretary. Treasurer Assistant Secretary Allen Sisk Dennis L. Tachick William D. Champion P.O. Drawer 309 4 Meridian Terrace RFD 1, Box 66 Mt. Vemon, Illinois 62864 Paxton, Illinois 60957 Gays, Illinois 61928 Edgar G. Arnn D. E. Hanes Preston A. Mosbacher 314 East Palace Row RFD 6 RFD1 Geneseo, Illinois 61254 Mt. Vernon, Illinois 62864 Prairie du Rocher, Illinois 62277 James F. Beatty Maurice C. Johnson Robert H. Neece RFD 1, Box 120 519 East Wood Street P.O. Box 409 Philo, Illinois 61864 Paris, Illinois 61944 Greenville, Illinois 62246 L. Eugene Boldt William E. LeCrone Robert E. Pendell Stewardson, Illinois 62463 1509 West North First Street 161 Doe Run Shelbyville, Illinois 62565 Macomb, Illinois 61455 Eugene Dressler RFD1 Jack Ludwig Lyndall Pigg i El Paso, Illinois 61738 RFD1 RFD1 Fithian, Illinois 61844 Bushnell, Illinois 61422 Bill Endicott
- 32 Park Lane Paul Mallinson Jeff Reeves Fairfield, Illinois 62837 RFD 2 120 Cheltenham Geneseo, Illinois 61254 Normal, Illinois 61761 Joseph J. Fellin 424 Sunset Lane Byron G. McCoy Donald F. Sanders Waterloo, Illinois 62298 RFD 3 RFD 2 Paris, Illinois 61944 Ramsey, illinois 62080 C. E. Ferguson 1400 Annis Thomas R. Mcdonald William L. Stanford
- Mattoon, Illinois 61938 P.O. Box 70 RFD1 j Princeton, Illinois 61356 Flora, Illinois 62839
) Henry L. Gill P.O. Box 517 Rick Moore Robert W. Vander Pluym Flora, Illinois 62839 RFD1 915 North Main Street Fairfield, lilinois 62837 Breese, Illinois 62230 Albert Hagenbuch RFD1 f rvin W. Wessel Utica, Illinois 61373 RFD 4 Centralia, Illinois 62801 3
, .. . ..w 7 Presiden't's report . .
It is gratifying to be able to report that Soyland's The nuclear option for base load remains cost effective, projects, undertaken to fulfill our goal of becoming a although the savings in lesser fuel costs are gradually being full service, bulk power supplier for its 15 member distribu- offset by higher capital costs to the extent that coal-fired tion cooperatives, are progressing basically on schedule. An base generation will soon become the preferred option. In exception is the Clinton Power Station whose target on-line ' my opinion, our country is making a grave mistake in date has been delayed to August 1984. The owners of the rendering the nuclear option for base power generation too Clinton project, including Soyland, have been thwarted in difficult and expensive to put on line. their efforts t6 keep the project on schedule by constantly Soyland's coal-fired plant project is progressing on changing regulations promulgated as a result of over zealous schedule. Contracts for almost all the major equipment anti-nuclear segments of society who fear the unknown; I items have been consummated and our architect-engineers suspect their members would not board a jet propelled air. are more than 40% complete with the balance of plant craft in the fear that it might go into orbit and never return. design. All the land necessary for the plant site, including It is certainly the intent of all the owners of the Clinton sludge storage, has been optioned and those options are Power Station to build the facility such that it can be oper. being exercised as they become due. Local support and , ated safely and productively; however, undue refinement of enthusiasm for the project remains high and, although REA i many of the safety criteria appears to exceed reasonably has insisted that Soyland approach the Power Supply ? accept:.ble safeguards to the operators and the general Analysis with a load-growth projection much lower than , public. Thus, the costly delays. the Power Requirement Study indicates and with a higher # plant cost than our estimates indicate, the project remains Soyland's best economic choice as an all-requirements power and energy supplier to its member distribution cooperatives. High degrees of attention (both nationally and inter-nationally) are being given Soyland's commitment to install a 220 MW compressed air energy storage (CAES) plant to satisfy Soyland's peaking and spinning-reserve require-ments. Although the capital investment for the CAES ; project far exceeds the cost of conventional gas turbines, the CAES concept stores low-cost, off-peak electric energy in the form of high-pressure compressed air, which is later withdrawn from the cavern during peak-load periods to produce electric energy with only one-third the oil or gas required by the conventional gas turbine. I participated with other electric industry people in a congressional seminar on the CAES concept in Washington on June 7, 1982, and have a request from Senator Charles H. Percy to arrange a briefing on the CAES concept for the staff of the Subcommittee on Energy, Nuclear Proliferation and Government Processes which he chairs. Soylan'd's board of directors is to be commended for its foresight in selecting this innovative concept for the above-mentioned purposes and is justifiably proud to have received APPA's coveted
" Energy innovator Award."
It is obvious to all thinking people who have awareness - in electric utility matters that Soyland Power Cooperative, Inc., has studied its responsibilities and options very care-fully and has developed the optimum mix of nuclear, coal-fired and peaking and reserve facilities to function success-fully as an all-requirements bulk power supplier for its 15 distribution cooperative members. All member-cooperatives will benefit by lower bulk power costs than would other-wise be, but just as important is the fact that they will exer-4 1
I . . . a cise control over their bulk power supply as an operating new headquarters facility as soon as acceptable financing utility. It is gratifying that Soyland became operational as can be arranged. In addition to adequately housing the of June 1,1982, by taking responsibility for the whole- staff, space is needed for conferences, board and committee sale power purchase contracts now in effect and has con- meetings, dispatching center, etc., _ including corporate summated inter tie and interchange agreements with image, other operating utilities. In summary, the Soyland organization is working i am especially pleased with the progress that Soyland diligently to provide it: members with reliable, low-cost has made since its first staff member was employed in mid- bulk power to meet their immediate and future needs. An May 1977. Soyland's staff is small in number of persons ambitious program has been laid out and remarkable aboard, compared to other G&T's and investor-owned progress made so far. In order to realize our goals and utilities involved in programs of equal magnitude. This succeed we must have the continued support of the mem-progress is primarily due to the high degree of expertise ber-cooperatives and our dedicated staff. and the total dedication of each of the 21 employees on the present staff. Their high production record is commend-1 able, but just as important is the high degree of respect i they have acquired for Soyland throughout the electric a utility industry and with public officials. Additional per- ' sons will be needed on the staff as Soyland's projects
- progress further toward completion.
In view of the inadequacy of the present headquarters facility for the present staff, and in view of future increased staff, Soyland is in the process of starting construction on a A,
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General manager's report - meet our members' electrical requirements and to hire a I treport is with great personal pleasure that I make to the membership of Soyland Power Coopera-my first core of qualified staff personnel to carry out that program. tive, Inc. On February 17, 1982, Soyland's first general Under the guidance of Mr. Newman, the Soyland board and manager, Royal B. Newman, officially retired and the board the general membership have adopted a diverse generation entrusted to me the management challenge of our genera- mix that is appropriate for our needs while still being con-tion and transmission cooperative. It is no understatement servative. The main three parts of the program are: (1) 100 to say that the success of Soyland will have the most sig- MW of nuclear energy from joint ownership of the Clinton nificant impact to the consumerowners of Soyland's 15 Power Station scheduled to be operational in 1984, (2) 450 member distribution cooperatives since those cooperatives MW of coal generation located in Pike County, Illinois, to were originally established. produce power in 1987, and (3) 220 MW of peaking power The past five years have been utilized to formulate a pro- from a compressed air energy storage system to be on line gram to provide economical and reliable self-generation to in the late 1980's. Even with all three systems producing power, they are not expected to exceed the need of the Soyland group; any deficiency in generation output is planned to be met through purchase agreements with neighboring utilities. While the program is conservative in light of the need of our members, it still is very ambitious. Our efforts now must be directed toward implementing the program and establishing a total organization capable of ensuring that the projects are built on schedule and within budget. A. this time, the most important single item for achiev-ing our goals is securing long term financing for the coal-fired plant. Through the effort of the staff and our consult-ing engineer, and more important, the commitment of the board of directors and our many friends who offer support, I believe we are close to securing an REA-guaranteed com-mitment for the coal-fired plant. Success in securing the long-term financing commitment will allow work to begin this fall at the Pike site. The compressed air energy storage system (CAES) con-tinues to receive recognition and support both nationally and internationally. It is true that the eyes of the utility industry are on Soyland. As we investigate the system on a more detailed basis, we are convinced that the unique qualities of CAES offer economic benefits far beyond those included in the initial economic analysis. Our present efforts are being directed to finding the proper rock struc-ture for location of the underground cavern. It is appro-priate that special recognition should be given to the Elec-tric Power Research Institute and, in particular, to Dr. Robert Schainker for continued support of CAES and the . wealth of technical knowledge that they have shared with Soyland. In addition to the specific mentioned projects, there are innumerable support efforts that must be accomplished in order that Soyland can effectively serve its member-coop-eratives. Such items as effectively communicating with the directors and membership, management of financial resources of the cooperative and accurate accounting of all transactions, becoming an equal partner in the total trans-mission delivery system within Illinois, establishing inter-
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r ,. ._.., connections with other utilities, especially Southern Illinois the past and will make in the future, we all must recognize Power Co operative and Western Illinois Power Cooperative, that electric rates will continue to rise significantly in the Inc. - the list could go on and on. In order to achieve the next 10 years and that it is only through long-term pro-successfu completion of these specific projects along with grams such as we are embarking on that the Soyland accomplithing the necessary support items, it is imperative group will be able to play a part in stabilizing the cost of that we commit our efforts to staff the Soyland organiza. bulk power supply, tion with highly qualified people and that the organization has the proper number of people to effectively carry out the business of Soyland. I am proud to say that the staff Soyland has been able to attract is composed of highly qualified, industrious people who are completely dedicated to the goals of Soyland. It muit be recognized that the 4 ' i limited number of personnel will not be able to continue the high degree of excellent work without additional staff personnel as we move into this second phase ofimplemen-tation of the generation projects. Recently the board of directors, in recognition of the need for more staff mem-bers and the cost effectiveness of properly housing the existing staff, has initiated action for a new headquarters building for Soyland. We all are anxiously anticipating mov-ing into the new facilities by next spring. Even with all of the good efforts Soyland has made in
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1981 Soylad progress . . performed by Dravo Constructors, Inc., an affiliate of Administrative Department Gibbs & Hill, Inc. A contract was signed with Frank B. Hall Soyland Secame an operational generation and trans- & Company for the acquisition of wrap-up construction mission cooperative in June 1982 when the cooperative insurance to cover the coal-fired generating facility, the assumed its member distribution cooperatives' wholesale CAES plant and the transmission line. The site preparation power contracts with the investor-owned utilities. This (Phase 1) specification has been issued for bids and is improves Soyland's ability to secure financing and is a scheduled to be awarded in September 1982 with ground major step in Soyland's efforts to provide its members with breaking to begin in October. Due to all of the progress a reliable and economical bulk power supply system. made in the past year, more than 50 percent of the total The Soyland staff has grown to a total of more than 20 dollar value for all the contracts has been procured. Since last year, the subsurface investigations at the Pike employees and is expected to total approximately 30 by County site have been completed. Canonie Construction January 1983 and 50 by January 1984. The increase in Company performed soil borings at the site to enable Gibbs staff has necessitated enlarging the current office facilities. Additional space has been leased at the current head- & Hill to adequately design the foundations. The prelimin-ary results showed that either of two types of foundations quarters. This space is rap'dly becoming too small and the could be used: a drilled-pier foundation or an overexcava-Board of Directors has announced plans to build a per-manent headquarters building of approximately 11,500 tion and backfill with a mat foundation. Gibbs & Hill is square feet in the nearby community of Mt. Zion. The new performing an economic analysis to determine which type of foundation wi!! be used. The final report on the subsur-building will be energy-efficient, employing a passive solar face investigation is expected to be submitted to Soyland design, and is expected to be ready for occupancy in the by Gibbs & Hill by the fall of 1982. spring of 1983. In the past year, much progress has been made in
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engineering and design. Many drawings, such as general , Engineering and Piirchasing arransement and process fio* diasr =$. have been sub-mitted to Soyland by Gibbs & Hill and approved by Soy- i During the past year, extensive progress has been made , land's staff of engineers. As of June 11,1982, the engineer- j in engineering, design and procurement for both the coal-ing and design phase of the project is 37.6 percent com-fired generating facility and the compressed air energy ! plete, which is ahead of schedule. With the tremendous ! storage system. Reynolds, Smith and Hills, Gibbs & Hill, effort expended in the past year by both Gibbs & Hill and inc.; and the Soyland staff have devoted many long hours the Soyland staff, this excellent progress is expected to con-designing, reviewing and approving the various specifica- tinue in years to come. tions for each piece of equipment needed to build the two plants. Through very arduous negotiation, nearly all of the Compressed Air Energy Storage System major equipment items have been purchased. Soyland's pioneering in the field of compressed air energy storage (CAES) has been recognized for " outstand-Coal-Fired Plant ing advancement in the development and application of Since the purchase of the turbine-generator and boiler in highly creative energy-efficient technology"in the form of 1981, 19 additional equipment contracts have been the " Energy innovator Award" received from the American awarded. One of these, the binary control and automation Public Power Association at its national conference in New system, was incorporated as an amendment to the existing Orleans in May 1982. The first of its kind in the United Brown Boveri contract for the turbine-generator in 1981. States, Soyland's CAES plant will provide peaking power During the June 9,1982, Board meeting, several major from base-load power by pumping compressed air into a l contracts were awarded. The air quality control system con. large underground cavern at night during periods of low ' tract, consisting of the electrostatic precipitator and 502 electrical demand. During periods of peak demand, the removal system, was awarded to Research-Cottrell, Inc. compressed air is drawn from the cavern, combined with This furnish-and-erect package is the single largest contract fuel oil to fire a combustion turbine which spins a generator for the coal-fired plant and represents a major accomplish- to produce electricity. This will result in a savings of 1 ment for Soyland. Two other major furnish-and-erect pack- approximately two-thirds on the cost of fuel oil and reduce ages were also signed: the cooling tower, with Marley Cool. maintenance costs on base-load units by allowing them to ing Tower Company, and the concrete chimney, with Rust operate more efficiently at a more consistent rate. Chimney, Inc. The general services contract, which consists in 1981, a contract was signed with Reynolds, Smith of the indirect field labor and such services as site security, and Hills (RS&H) to provide consulting engineering services ' medical facilities and fire protection systems, was awarded for the CAES plant. Brown Boveri Corp. (BBC) also signed to Gibbs & Hill, Inc. with a major portion of the work to be a contract in 1981 for the design and installation of the , 1 8
above-ground porti: n of the plant, to include all systems, draft EIS discusses the project, project alternatives, ne:d equipment and buildings. In 1982, procurement was com- for the project, environm' ental consequences, unavoidable pleted for the CAES plant when Cementation West, Inc., and adverse impacts, irreversible commitment of resources, was awarded a contract for design and construction of the major issues and concerns, and conclusions. subsurface portion of the plant consi; ting of the huge Under provisions in the National Environmental Policy underground storage cavern. Act (NEPA), REA must solicit comments from the public On March 22, 1982, Cementation West began test as well as federal, state and local agencies to ensure that drillings at the Pike County site in order to determine a environmental impacts associated with the project are ade-suitable location for the underground cavern. Since then, quately assessed and mitigated if necessary. Agency and they have reached a depth of 2,400 feet in their first test public comments on the draft EIS were submitted through hole. The test drilling is still in process at this time. March 29,1982. While numerous letters were received, many of them contained comments on how well Soyland, the consultants, and REA had prepared the required docu-u n'entation, assessed the existing environment, and antici-pated and mitigated impacts as a result of the construction and operation of this coal-fired generating station. The REA will now prepare the final EIS and again solicit agency and public comments as part of their requirements
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i before a record of decision can be made on the project and the loan guarantee issued. The collection of baseline data on air and water quality, ecology, geology, socioeconomics, land use, and the prepar-dMl ation of all permits required foi the construction and opera-tion of the generating facility are also included in the scope
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Oh A permit to develop a solid-waste management site was granted by the lilinois Environmental Protection Agency on May 27,1982. Soyland has submitted 10 other construc-As of May 16,1982, the engineering and design phase of tion-related permits to federal and state agencies for their this project was 16 percent complete. Des.ign drawings from g gg BBC, including the general arrangement, the turbme gener-ator foundation load, and the preliminary foundatior. plan have been submitted to Soyland. Soyland is looking for-
** "*"U' g 8 fu dvfont fach. in , sewage and ward with great anticipation to being a part of this excit- **'.tmater tmatnnt fackin, waty treatment facW, ing new concept in utility technology. national pollutant discharge elimination system (NPDES),
revention of significant deterioration (PSD) and site preparation activity. Environmental Department Soyland anticipates that all permits required prior to initiation of construction will be approved by October 1, Reynolds, Smith and Hills and its subsidiaries, Plantec 1982. Other permits needed for operation of the plant will and Environmental Science and Engineering (ESE), are con- be submitted as design engineering information becomes tinuing their efforts on the environmental analysis and available for permit documents, licensing phase of their contract on the coal-fired generating station. Previously, the site selection and fuel selection Compressed Air Energy Storage System studies were completed by these firms. Soyland submitted a " Site Selection Study For A Com-The enviornmental analysis and licensing efforts have pressed Air Energy Storage System" to the REA in Decem-included the preparation of draft and final Environmental ber 1981. This siting study used the same interdisciplinary Analysis Reports for the coal-fired generating station that methodology that was used in the siting study for the coal-were submitted to REA in July and November 1981, fired generating station. The first stage, or preliminary geo-respectively. These reports provided detailed descriptions technical, and the second stage, or regional screening, of the project, the site, the transmission system, regulatory identified the highest ranked siting areas in Illinois. A fatal requirements, alternative analysis evaluations, existing flaw analysis was conducted on these candidate areas to environmental and socioeconomic resources, and temporary determine ,their environmental suitability and relative and long-term impacts associated with construction of the licensibility. plant. Siting areas in Pike, Adams and Menard counties were These documents serve as an appendix to the draft recommended as the final three sites. The REA conducted Environmental Impact Statement (EIS) prepared by the both public and interagency scoping meetings in the l Rural Electrification Administration entitled " Proposed vicinity of these three siting areas in January 1982. Based i Pike County Coal-Fired Generating Facility,138 KV and on the anticipated environmental acceptability, public l 345 KV Transmission Lines and Associated Facilities."The support, economics, and proximity to the coal-fired plant, 9
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the Pike County site whs chosen as the preferred location of ing system provides coincident, real-time data for all of Soyland's CAES facility and, thus, detailed geological drill- these points. - ing was initiated to evaluate the site's geotechnical suit- In early 1981, Harza Engineering Company completed ability. the design of the demand metermg syvem and application was made to the Federal Communication Commission for Transmission Line Siting and Licensing 165 individual radio licenses needed to operate the system. Soyland has been conducting a siting and licensing study While the entire statewide system utilizes a single fre-on the transmission lines that will tie its generation facil- quency, much time and effort was required to resolve ities into the existing transmission grid network. conflicts with existing radio license hoiders before the i in compliance with REA guidelines, Soyland evaluated a Federal Communication Commission licenses were finally 10-mile-wide transmission candidate corridor area for its granted in late 1981. A contract was signed with Edison { environmental acceptability from the generating plants to Controls, Inc. for the supply of the system in early 1982. the respective substations. Within this candidate corridor Equipment for the initial demand metering system is area, three one mile-wide corridors were identified, evalu- being manufactured, and installation for the pilot program ated and ranked for their environmental acceptability. in the lilini Electric Cooperative system is underway. After Soyland chose a preferred and two alternate corridors testing is complete, equipment will be installed in the based on regulatory agency input and a detailed computer remaining cooperatives. analysis of the existing ecology and socioeconomic condi. tions. Determining factors for choice of the preferred corridor included routing around urban areas, airports, government or restricted areas, and environmentally sensi. tive areas such as state parks, natural areas, wetlands, - * * = and critical habitat areas for threatened or endangered L.1 M * * ; m e r r - < . species. Soyland is currently evaluating the preferred one mile-wide transmission corridor to determine the best location for the right-of-way and ultimately the transmission lines to ensure timely right-of-way acquisition, line design, and " construction. jgg4 gyggy Demand metering Land acqm. .t.si a n As long as four years ago, planning began for Soyland's demand metering system to manage the flow of energy From April 1980 to February 1982, Soyland and throughout the Soyland service area. This system will LEMCO Engineers, Inc. negotiated with 11 landowners greatly reduce the time delay in the receipt of energy in Pike County until all 1,135 acres in 14 parcels were demand information from member-cooperatives and will optioned. Soyland negotiated in good faith with these land-lead to considerable savings in the purchase of power from owners to ensure that Soyland's land requirements for the wholesalers. coal fired site would be met and that the land would be The system can be described as having three interlocking acquired for a price reasonable to both Soyland and the functions. At the Soyland level, a master sytem provides landowner, video displays and a printed record of all member energy Soyland was able to obtain each parcel that was needed demands and each wholesaler's supply by periods. The in a relatively short time through sound negetiating prac-system monitors system failures and automatically tices and by treating each landowner honestly and fairly. estimates dwand data during failures. At the member- This fact is especially evident in the unanimous support and cooperative level, sub-master systems provide video displays appreciation that these Pike County landowners have and a printed record of individual substation energy shown toward our project. demands and wholesaler supply by periods. These systems Soyland optioned these parcels without the threat or use provide alarms and displays for system substation failures of condemnation by the power of eminent domain. Soy. and will support future supervisory control. A communica- land staff felt that this threat of legal action would not l tions system between Soyland and membercooperatives be necessary as long as a good negotiating relationship provides a level of single, coordinated control for effective could be established with all landowners. load management through voice dispatch. Provisions have The choice and acquisition of our Pike County site has been made in the design of this system to support possible been heralded by local Pike County citizens, local agencies ! future member needs, and groups such as the Farm Bureau as well as state and This highly efficient energy management program federal agencies. Many agencies have complimented Soy-involves all of Soyland's 15 member-cooperatives, which land's choice of this environmentally and socioeconomic-currently purchase power from one or more wholesalers. ally sound site. One reason is that use of the site removes A total of 165 points located throughout the state of minimal amounts of prime farmland from production. Illinois will be involved in the system. The demand meter. Beginning in July 1982, Sogand will begin exercising 10
_ . u._, ~ . . - d , .q ., the two-year option to purchase real e' state agreements on transmission network. Soyland intends to approach and each parcel as they approach the expiration date or when treat landowners in Ada'ms, Pike, Scott, Morgan and they will be required for construction. Currently, we are Sangamon counties, Illinois, and Marion County, Missouri, doing a complete title search, abstracting the titles, obtain- in a similar, successful mancier as was do'ne in Pike County ing title insurance policy commitments, determining when obtaining easements for the transmission line rights-property taxes, mortgages and other tiens, receiving legal of-way. review, and making closing arrangements to ensure the Selection of a final right-of-way route is in process with transfer of a general warranty deed on each parcel. title search, negotiations and easement agreements to be in our negotiations ,with some landowners, Soyland obtained in the future. agreed to lease back a portion of some parcels for homes, improvements, or agricultural practices. These " lease _ backs" were granted when possible to allow the landowner diBlon Powei Station to reside on his property and continue farming operations as long as possible without conflicts to construction During 1981, major emphasis at the Clinton Power priorities. Station was quality assurance and the turnover of plant sys-Soyland continues to maintain its outstanding public tems in order that start-up and preoperational testing may l relations with landowners as it prepares the title of trans- begin, fer of these parcels Soyland's fair and consistent treat- May 1982 marked the accomplishment of yet another ment of landowners, lease back agreements, and informa- major milestone for the project when the long-awaited tive negotiations have helped to make easier the often diesel generator was received, inspected, and sit into posi- , difficult decisions landowners must face when selling their tion. farmsteads. Soyland appreciates the courtesy, patience and With construction 83 percent complete, fuel load is now cooperation of all landowners throughout the entire scheduled for January 1984 with a commercial operational process. date of August 1984. The project's manpower team of Soyland staff feels that the cordial treatment of land- 3,305 continues hard at work to ensure that this schedule owners helped to foster the unanimous public suport for will be met. Soyland's projects in Pike County. The Clinton Power Station Visitor- Center, located six Soyland also optioned tFa 210-acre compressed air miles east of Clinton on Route 54, is staffed seven days a ^ energy storage site in Pike County which is adjacent to the week to answer questions concerning the Clinton project. coal-fired plant site. Brochures and maps of the recreational development are LEMCO Engineers was awarded a contract to acquire 89 available to the public. Arrangements for group tours may miles of right-of-way by means of easement for Soyland's be made through Soyland's office. _ .y,_ _ m_ . _ m.- y _.r._,,,. _.._...,%,,,.., x
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Fmnt row, from left: Alfen Field, Brenda Yates, Angela Perrey, Jo Ann Newland, Betty Gober and Petricia Reynolds. Back row, from left: Ken Mcdonald, Michael Miller, Terry Herdman, Michael beer, Peter Diedrich, George Brashear, Keith Goerss, Teresa Hunt, Nancy Geist, Thomas Seng and John Catlin. Not pictured: Ken Kammeier, Karen Coates and Lee Wilmes. I Soyland Board of Directors l Richard R. Rurich Executive Vice President and General Manager Nancy K. Geist - Executive Secretary x -1 - Teresa M. Hunt - Receptionist / Secretary Geuqe M. Brashear Manager of Energy Supriy - Angela F. Perrey - Engineering Secretary Y _ Jo Ann Newland -Secretary I I I Thomas N.Seng Kenneth W. Kammeier Thomas N. Seng Director Environmental Department Supervisor Accounting Department Administrative Assistant i I I Allen M. Field Betty L. Gober Petricia S. Reynolds Environmental Specialist Bookkeeper Administrative Aide I ( John R. Catlin Peter E. Diedrich Purchadng Agent Planning Engineer
- I _ l Michael S. Beer Lee R.Wilmes Project B syer - Assistant Planning Engineer I I I i i l 1 t Michael B. Miller Terry L. Herdman Keith E.Goerss Kenneth E. Mcdonald Brenda K.Yates Karen M. Coates rc l Supervisor instr / Con Electrical Engineer Civil Engineer Mechanical Enginee; Engineering Tech Engineering Tech
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.. ~ LIABILITIES AND EQUITIES
- .:% M c' McW. . ? :QIE6 W Ws ;sda . M.f $
v' . 7.W.g.; EQUITIES . j, ^e.
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,,shg'G.W... gS0 Mem bership fees. . . . . . . . . . . . . /. . . . . 1,500.00
. ~ .
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< ., $ .6 -2,
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- 2. ., o% P ' ' * ,~n . a,..
+p 1 .. , . M .- @ - G. % M & W W W Y $ W :=.R W 2E Mortgage notes payable - FFB . . '6 ...
.N. - '
i '182,719,000.0U NhMhkE
. ~e:, ,
. a , q. .v. c. duce,.%w.
mx n n.o .g u. L..W vt yw . CURRENT LIABILITIES
, . -. ~,
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.n , Notes payable - CFC '
' '" - 2
$8,505,017.78 ,W
- i. -' No te paya ble . . . . . . . . . .". . . . . . . . . . . .- 3,254.00 ,
..F- 'QWc2W*MB' C,*. ,y .: W#,, e~'"g.F .
Accounts payable . . . . . . . . . . . . . . . . . . 1,095,533.76 N . W[: y g.ac e.id;.,.a 5 et4 Mv6W m%: y f" ij@".M . 6% =
~
' Advances from Associated Cooperatives . " 1,976,105.00 Accrued payroll taxes . . . . . . . . . . . . . . . 7,040.65
~ ~
i O g:E
, i.; L. ,.
Accrued in terest . . . . . . . . . . . . . . . . . . . 15,806.91 11,602,758.10 '.i. ' 2.2 %,
, n, . . . - --.. :. y> L ...
Total Liabilities and Equities. . . . . . . . . . . . .
$194,323,258.10 ['?. . .
,- t 4 :
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.. sag.. ~ 1 The accompanying Notes to Financial Statements are an integral part . -. ...s of this statement ..m gn.a,SE.,,
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Statement of operations a 1 1 FOR THE PERIOD FROM JUNE 1,1963 TO DECEMBER 31,1981 3 REVENUE - Proceeds from assessments to Member Cooperative. . . $32,583.83 l OPERATING EXPENSES .
.. D i re c t o rs ' fe es . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .- $ 1,065.00 -
Ec Sq lt Dues and subscriptions . . . . . . . . . . . . . . . . . . . . . . . . Legal servic es. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. n 4,200.00 749.61 9' y .h g@WJ 1
~ $
Office supplies and expense. . . . . . . . . . . . . . . . . . . . . . 658.51 ., C. m ~ f*x sp g, - . . Power su pply studies. . . . . . . . . . . . . . . . . . . . . . . . .. .
^ 26,168.21 7,&@hdh @g m
' s .
-g%syfh's.gg.g.g
' Total Operating Expenses . . . . . . . . . . . . . . . . . . . . ' n J w 32,841.33 6 sqt
'm ; t.,
NET LOSS FROM OPERATIONS . . . . . . . . . . . . . . . . . ($ 2S7.50) m
~
4+. NON-OPERATING INCOME - m. L . I n te rest inc om e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' 257.50 2 N ET I N COM E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 " Note: The Cooperative is capitalizing all expenditures during this development and construction stage. ~, The accompanying Notes to Financial Statements are an integral part of this statement. NOTES TO FINANCIALSTATEMENTS have been received in the amount of $50,429,000. The S DECEMBER 31,1981 interest rate for each advance is established at the time -A of such advance and varied from 8.965% to 16.725% on ;f
- 1.
SUMMARY
OF ACCOUNTING POLICIES the advances that have been received. These advances are . The Cooperative maintains its accounting records in secured by all the assets of the Cooperative and mature
- accordance with the Uniform System of Accounts in 34 years from the end of the year in which the prescribed by the Rural Electrification Administration. advances are made. Quarterly payments to service the As a result, the application of generally accepted debt within the next twelve months will aggregate
, accounting principles by the Cooperative differs in approximately $23,925,564.00, all of which will apply '
certain respects from the application of nonregulated to interest. enterprises and also differs due to being a development ' stage enterprise. The more significant policies of the 3. PENSION PLAN Cooperative are described below. Pension benefits for :substantially all employees are .' i provided through plans with the Massachusetts Mutual 1 Property and Plant Life Insurance Co. Additional disclosure information ' [ The Cooperative has entered into a purchase agreement required by Financial Accounting Standards Board '-
' with Illinois Power Company for the purchase of 10.5% Statement No. 36 relating to Soyland Power Coopera- '
of the Clinton Nuclear Power Plant for a cost estimated tive's individual position within the plan is not available. . at $275,000,000. This plant is currently under construc. .. tion and the Cooperative has contributed $1,370,578.28 4. LITIGATION to Illinois Power Company for its 10.5% of the construc- The Cooperative's attorney stated that there are no ; tion cost through December 31,1981. The Cooperative pending lawsuits, unsatisfied judgements or outstanding is capitalizing all expenditures during this development claims against the Cooperative of which he is aware. and construction stage.
- 5. CONTINGENT LIABILITIES
- 2. LONG. TERM DEBT - FFB The Cooperative has entered into a number of contracts The Federal Financing Bank (FFB) has committed itself with various suppliers and manufacturers for engineer- .
to a loan in the amount of $197,470,000 to Soyland ing, design, and production of a proposed new generat-Power Cooperative, Inc. with such loan being guaranteed ion facility. At December 31,1981, the contract can-by the Rural Electrification Administration (REA) for cellation charges were estimated at $977,619 on con-the purchase of 10.5% of the Clinton Nuclear Power tracts that have been signed by the Cooperative. Plant. During the current year, advances on this note -
.- , -- Q - -
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.. tatement.o e anges in inancial position U %-..
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FOR THE PERIOD FROM JUNE 1,1963 TO DECEMBER 31,1981 ; 'Z s3a e
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. .' Year Ended
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MM@rM. 6 FUNDS ~PROVIDED . %~ s.lN, /.~g- -E. m.S.. -. . M.-W
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.R Depreciation provision .JT.n% h3 .:. ..J. r.G. . . .. D. /,.:F. $ N'[4,914'.36 W ~ Loan advance from CFC . .M.Y2?. . J. . . . . .
..:s n e-0? x @y O f,. m .,,,. ,@y$f.9.J6,8 fRGG7M64,504,883.38 #
;QE Loan a.dv.ance fr.om F,FB. J, eld y
;@ dM 4,weMhi.$. .Membetships. ...~ n,, -l. h. .h (. .@w. . . . . . . . Ky@4}w.J. j y$i9'. ?%-09].Q . . .i.pa
.ic 50,429,000.00 . 2.h- g. F..is.,,g,4. , E, M.n.w,. . % iM
;cc.g';&.c,:b."~;e- g Y v,.v.q c.: % . % % ;: ~vY mqq'C&: y2,w. n,.,w:%.. . d..p,ww?.s . - ,-
M. m,,.500.00, k g..
.r Decrease in working capital. '. .'.#. ! J '. .' . ' . .
L m ~~i '
. J. DM 75,658,608.04.~ M'..p:D._;W,M10,880 h
" $56,092,522.40
, Jc :<A ~ i $258122,825.97 d g ,
. ; L - ~
= a :.. . . ' . . : 6 .:. W;W',
M;;,:p$ T G. j:.S.3.Q^ ,
. . FUNDS APPLIED m ' .. " ' ~ m. ~ , pm MG,a,.;pF.Mg '
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+ " ~ '
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u Plant construction. . . . ' . . . . . . J." . . . . . . . . ' ~ - $55,540,674.41 .- W$.193,0,18,809.30 .TM '
} ~ . General plan t. ., .'. . . . . J. . . . . . . . . .~ . . ... 26,223.99 J.g'.gg. a72,509.29 s.. ,p
~ f , Principal payments on CFC debt. . . ....... -
90-Investment in associated organization . . . . . .'. ."
" ^ .
'525,624.00
.:g{;;g64,504,883.38 @,j 1 c;W:e 526,624.00 ~ %. . -
mgy . 7. . M = - $56,092,522.40
.; 9,h., $258,122,825.97 T@.
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CHANGES IN WORKING CAPITAL 4 1- 7,,. _
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'. ' Cash - general. . . . . : . . . . . . . . ,.". . J . . . . ?.*" " ($
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- 8,876.28) l, . .;:9. , .. r.a.-$. , c_'10,098.19 c L. Cash - construction funds - trustees . . . . ..%'. . -
~
" +M3 3Temporary cash investments. . . ' . . . . . . J: C'~ ' ~>223,025.02
- 3 3,212.67 S c . a n #._ ci J.,
9W:,c 658,200.00 4%y
. '. ,1.f..,(. ' ."'
53,212.67, W,. q
, . ,-a 4 . Accounts receivable. . . . . . . c., . . . . . . . . . . ... 283.59 M.N..n ~H ~.W.283.59 ~m
.-' 7 '* ( ~ ~ ' ' 3,184.3 6) xMME. ,1, n.M 7.:f . Prepaym en ts . . . c . .'. . . . . 'c.'t .T. . c. .'. D. ~ .c;.R , y V .c . ,* '
~
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4- ' y- ...,,.:_,,_ .y. > W' e <$ 244,460.64 _;,y$ . 722,204.35 5h
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Notes payable - C FC . . . . . . . . . . . . . . . . . .', . , 1 $ 4,390,423.14
. .i. . . c. .~ . r.%.8,505,017.78 s. $5 Note payable. .'. . . . . . . : . .
. .C ' T (
1,561.92) '~e b'm ;, og3,254.00 . 9'M
~. s+ /. ' . Accounts payable . . . . . ; . . ' . . ' . ' . . . . . . . .-. . q 1784,766.32 91
.M.. W>nAdvances from Associated Cooperatives . . . L
~",;891,935.00
...;;;7.E..FW1,095,533.76_ % fq -
"" $. . .;jdc.w. hl, g
. Accrued payroll taxes . . . . . . . . . . . . . . . . ~~
( ' 2,327.79)
. v., . ; _m_v..
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.r 7,040.65 '?%m.
.. ,. ,. o, ,w. Accrued in terest . . . . . . . . . . . . . . . . . . . . ... ( 160,041.93) - e ec .-15,806.91. .7 .'. t
^ ' "
Accrued expenses . . . . . . . . . . . . . ...... . ~( 124.14) ~wi. ~e, -- - ~- ' 0-YM _ . [. T
$ 5,903,068.68 -. , P " $ 11,602,758.10_:hZ M ,7, (Decrease) in Working Capital . . . . . . . . . . . . . . . .
($ 5,658,608.04) -
-($~ 10,880,553.75) '::/WJ
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REFL
^ Clockwise from upper left: Thomas Seng, director of Soyland's Environmental Department, discusses with Environmental Special-ist Allen Field the site of Soyland's proposed coal fired generating V station in Pike County. Soyland President Walter Smith, center, 4 talks to Sen. Charles Percy about RE A financing during the NRECA-sponsored Legislative Conference in May At left is Thomas
' 4' Seng. George Brashear,left, manager of energy supply, goes over a
\ flow chart with Terry Herdman, electrical engineer. Kenneth
' Kammeier, supervisor of the Accounting Department, examines a 4
' I report. Karen Coates enters data into the computer. Petricia I
Reynolds, left, Soyland administrative aide, accepts the American
; : - Public Power Association's Energy innovator Award presented to
- i
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.( Soyland for its work on the compressed air energy storage project.
Receptionist Teresa Hunt cheerfully greets a caller. Congressman 4
' y t > Paul Findley of Pittsfield,left, talks with Soyland Executive Vice j li
; , President and General Manager Richard Ruzich during the 1982
.* Legislative Conference in Washington, D C.
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