ML20235Z428
| ML20235Z428 | |
| Person / Time | |
|---|---|
| Site: | Clinton  |
| Issue date: | 12/31/1986 |
| From: | Grant R WESTERN ILLINOIS POWER COOPERATIVE, INC. |
| To: | |
| Shared Package | |
| ML20235Z413 | List: |
| References | |
| NUDOCS 8707270295 | |
| Download: ML20235Z428 (18) | |
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Robert F. Zook President %ce President Secretary-Treasu rer Asst. Secretary. Treasurer Manager, hem Rural Director, M.J.M. Manager, Adams Director, Menard Dectnc Co. Dectric Cooperative Dectncal Co-Operative Dectnc Cooperative
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Gary Skaggs Dorland W. Smith Robert D. Smith Harvey L. Vortman Gregory D. Wilson Director, Rural Doctric Manager, Menard Director, Adams Director, hois Raral Director, Rural Doctric Convoi..cace Cooperat2ve Dectne Cooperative Dectncal Co-Operat2ved Dectric Co. Convenience Cooperative Facts Miles of 34.5 KV line . .103 Transmission Substations . .7 Miles of 69 KV line 463 Full-time Employees . .52 Miles of 138 KV line .20 Generation, MW , . .56 Distribution Substations . .82 Member Cooperatives .7 1
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P lennels mainsman k'
. C LEGEND GENERATING CAPACITY sem
--- County Line Pearl Station, Steam Unit - 22.0 MW
' st Leste 9 Generating $tetion Peetl S ta t es , Gen Turbine
~~**----- l] Areo Served From
- Cooperative Me00guettef e 69 hv. 455 Males C * *
- CIP$
O Coopetotive Atee - 138 tv , 20 Maes @
- IP 2
@President's Report Welcome to all member delegates to the 27th ing the year negotiating an agreement with the annual meeting of Western Illinois Power Rural Electrification Administration to restruc-Cooperative, Inc. The operation of the ture the debt incurred for the Clinton Plant cooperative in 1986 continued to be under the construction. Various plans of restructuring direction of our Interim Manager, Dean Searls, this debt were proposed and debated, and only who was hired after the retirement of Don after meetings with the Department of Justice, Bringman. Don was the General Manager of Office of Management & Budget, and the WIPCO for 23 years. Secretary of Agriculture, has a possible solu-tion been agreed upon in principle. As a WIPCO continued to operate under the poc'.- result of this agroement, other steps must be ing agreement with Soyland Power Coopera- taken toward the merger of the two power tive, Inc. and Illinois Power Co. This cooperatives and further agreement with arrangement has worked very satisfactorily and Illinois Power Co. on the final costs of the has stabilized the cost of power within the Clinton Station. Hopefully, the plant will go generation pool. As part of this agreement, critical near the date of our annual meeting.
Illinois Power is dispatching the entire pool including the Pearl Plant. I wish to express my appreciation to the direc-tors who have served on our board, including After completing major repairs to the steam those who have retired, and to the employees turbine, the Pearl Plant has continued to for their dedicated service in the past year.
operate to capacity most of the year. It was We have faced many challenges in the past necessary to enter into a new coal contract to year and will continue to meet those have coal supply for the plant. The ash collec- challenges fing rystem has worked satisfactorily, with a until our goals are contractor hauling the ash away rather than it achieved for the 45,000 _
going into the ash pond. It was necessary to members of west- -
'e repair the Pearl Plant roof by contractor, central Illinois, who which was completed in early fall. The Pearl depend upon us for j@' '
Plant continues to operate as the seventh most electric power.
efficient plant in the pool and helps lower cost of power in the pool. Cooperatively yours, In addition to the production costs of power, another cent was added to the power cost for
[ '
Equity Funding for 1986. This was to meet the 4
Robert E. Gant, President obligation for interest and principal on the Clinton debt. Later in the year, members were given a chance to defer their equity funding obligation until a restructuring of the Clinton I debt could be completed by REA. )
I A good deal of time and effort was spent dur-3 l 1
Secretary-Treasurer's Report The 26th Annual Meeting of Western Illinois a power requirements study. Other business Power Cooperative, Inc. was held on March included action on various budgets, financial 11, 1986. The following officers were elected: forecasts, work order approvale, fuel contracts 4 Robert E. Gant, president; Wayne Harms, vice and an interruptible load accounting policy.
president; Roger C. Mohrman, secretary- !
treasurer; and Lee Duncan, assistant secretary- The firm of Deloitte, Haskins and Sells of l Springfield, Illinois, was selected as our finan-treasurer. Lee Duncan retired from the board of directors in November,1986, and Robert F. cial auditor and they are presently completing Zook was elected assistant secretary-treasurer the 1986 audit. Financial records for the on December 12, 1986. cooperative are maintained in accordance with the uniform system of accounts as prescribed Twelve regular board meetings, four special by the Rural Electrification Administration, board meetings and the annual meeting of which is basically the same as that prescribed members were held during 1986. Attendance by the FERC. Assets, liabilities, statement of at our regular and special board meetings was operations, load data, statement of changes in i very good, averaging 93%. financial position, and margins allocated to '
petrons of the During January of 1986, Manager Don cooperative and, in #
Bringman announced his retirement following many cases, previous -
23 years of service as general manager of years are shown on the
~
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WIPCO. Dean Searls was chosen to be interim following tables. tgr$
r manager on February 14, 1986, and began serving as manager on March 3,1986. Respectfully submitted, at h
During the course of the year, the WIPCO board was extensively involved with negotia-k 7 Dh !
tions concerning both refinancing and restruc- Roger C. Mohrrnan turing of the Clinton debt. Due to its impor- secretary Treasurer l tance, considerable time was devoted to debt restructuring at nearly every regular meeting and several special meetings were called on this matter. The major agreements approved during the course of the year were the Power ,
Supply Agreement and Transmission Service Agreement between CIPS, Soyland and WIPCO. The WIPCO board in conjunction with Soyland, established a Litigation Advisory Committee to study and advise on legal action '
involving the Clinton Station; established an electric heat promotion and an economic development rate; provided an optional defer-ral of a portion of equity funding and prepared L_ -
p or. v%. l,
% ., c - e
%dl$$$P',r Assets MTEMEMT:GLE31MTEW% 2:1WR:GE EMWiMXf BrM;MCMa%%TBTR3 1986 1985 Total Utility Plant in Service . . . . . .. .. $ 39,035,158 $ 38,483,600 Construction Work in Progress . . 443,392,654 402,549,328
} .
Total Uti!ity Plant . . . . . .. $482,427,812 $441,032,928 Accumulated Provision for Depreciation .
16,727,436 15,527,532 Net Utility 9l ant . . . . . . . . . ... $ 465,700,376 $425,505,396 investments in Associated Organizations . .
1,878,203 1,844,449 iP Loan - Working Capital . . . . . . . ... . 2,321,800 2,321,800 Cash - General Fund . . .. . 17,394 11,247 i Cash - REA Loan Fund . . . . , . . . .. . 722 662 Temporary Cash investments . . 3,615,802 0 Accounts Receivable - Net . . .
10,586,387 4,960,969 Material and Supplies . . . . . .
1,287,958 1,284,578 Fuel inventory . . . . . . . 622,185 789,007 Prepayments . . . . 76,928 15,128 Other Current and Accrued Assets . . . 15,543 15,543 Total Assets . ...... . . . . . . . . .. ... $ 486,123,298 $436,748,779 Lia ilities tirMSm2',TErIE7En3rXrdE'IE CCJNATnrMC.NE%TICJZE!Em;tra 1986 1985 Long Term Debt - FF8, Clinton Nuclear Plant .
$406,324,595 $ 379,454,278 Long Term Debt - REA,2% and 5% Loans 23,880,341 24,692,733 Long Term Debt - FFB, Transmission 1,226,000 578,000 Short Term Loan - CFC . . . 0 7,612,961 Accounts Payable . . . . 1,758,452 3,443,884 Accruec Interest Payable . .
14,184,654 105,951 Other Current Liabilities . 351,840 328,783 Equity Funding . 34,747,793 17,606,754 Soyland - IP Loan, Working Capital . 2,321,800 2,321,800 Memberships . .. . . . . . 175 175 Patronage Capital . . . 2,779,263 2,779,263 Operating Margins - Current Year . . 607,947 1,110,414 i Nonoperating Margins . . 116,241 86,854 Operating Margins - Prior Year (2,367,731) (3,564,999)
Other Margins and Equities. . . . 191,928 191,928 Total Liabilities . . . . . . . . . . . . . . . ..... $ 486,123,298
$436,748,779 5
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1 Statement of Operations l f!O72fXf.?23EmmrJKrE21E2250MAC52IDE"RISU222EEMEENrr1E2"Zu 1986 1985 1984 1983 1982 l Total Electric Revenue . 530,813,747 $32,894,5S0 $29,656,288 $27,963,660 $24,935,923 i
EXPENSES- i i
Purchased Power. 0 0 21,516,093 21,220,924 17,554,420 l 1
i Generation, Operation &
Maintenance & Capacity . 10,347,273 14,175,153 3,588,395 3,482,095 3,357,02S I Energy Cost . 8,326,556 11,243,807 0 0 0 Transmission Expense. 1,583,359 2,S75,108 475,810 499,445 339,917 Distribution Expense. 228,115 188,420 366,698 200,581 156,312 Administration & General Expenses. 1,042,622 477,637 534,101 510,849 452,310 Depreciation. 2,673,574 506,635 1,242,643 965,574 907,341 Taxes. 3,979,846 148,225 253,440 275,635 254,402 Interest 1,973.940 2,441,950 1,865,668 824,879 692,043 Total Cost of Service $30,155,285 $31,756,935 $29,842,848 $27,979,982 $23,713,770 Operating Margins . 658,462 1,137,615 (186,560) (16,322) 1,222,153 Other Income. 65,726 59,652 S3,229 S4,787 63,281 Writeoff . 0 0 38,415m 3,431,718m _ 0 Total Margins . S 724,188 $1,197,267 $(171,746) $(3,393,253) $1,285,434 i
i l
Note: WIPCO and Soyland began operations as the Soyland/WIPCO Power Pool January 1,1985 (1) Clinton -2 i I
(2) 345 KV line study _ and ash pond 6
Load Data EE21TNIMTE"J2EM2TG3EEMMMiwsu asa.AEETiNEMsma2EE2EED 1986 1985 1984 1983 1982 ELECTRICITY GENERATED AND PURCHASED (1,000 kwh)
Energy Purchased from Soyland/WIPCO Power Pool' . S83,S97 S90,260 0 0 0 Energy Generated" . . . .. .. . 0 0 126,211 133,278 117,597 Energy Purchased from CIPS (Wholesale) . .. 0 0 312,491 317,617 312,616 Energy Purchased from IP (Wholesale). 0 0 99,553 97,488 84,680 Energy Purchased from IP (Interchange) . 0 0 38,839 20,122 23,170 Energy Purchased from Springfield (Interchange) 0 0 26,416 36,207 47,813 ELECTRIC SALES TO MEMBER COOPERATIVES (1,000 kwh)
Adams Dectrical Co Operative . 86,950 90,095 90,S56 91,616 89,058 Illinois bral Dectric Co. . .
102,226 104,600 106,522 . 108,599 108,083-MJ.M. Dectric Cooperative, Inc.. 86.294 88,337 91,017 93,515 91,443 Menard Electric Cooperative . 126,427 128,784 131,518 125,S97 108,877-Rural Bectric Convenience Cooperative Co.. 72.636 74,615 76,943 75,880 76, % S Spoon River Dectric Co-operative, Inc. . 41,953 44,712 46,S96 48,957 48,820 Western Illinois Bectrical Coop. . . 36,569 39,403 40,481 40,480 41,698 TOTAL ELECTRIC SALES TO MEMBERS .. ...... 553,055 570,546 583,633 584,644 564.944 PEAK DEMAND MAXIMUM MONTH, KW BY MEMBERS Adams Dectrical Co-Operative . . 20,392 21,931 23,005 23,432 25,699 Illinois Rural Dectric Co. . . 22,716 22,786 23,906 25,946 25,063 MJ.M. Dectric Cooperative, Inc., . .
21,844 19,057 21,258 23,259 22,078 Menard Dectric Cooperative . .. .. . . 37,251 35,453 37,679 41,587 34,776 Rural Electric Convenience Cooperative Co., 16,331 16,694 18,1*S 18,927 21,141 Spoon River Electric Co operative, Inc. 9,385 10,008 11,054 12,S54 11,850 l Western Illinois Dectrical Coop. . .. .. 8,235 9,176 10,119 9,228 11,034 132,982 124,589 135,749 150,485 139,726 -
SYSTEM MAXIMUM MONTH KW DEMAND.......
ANNUAL LOAD FACTOR % -
MEMBER-COOPERATIVES . . . . . . . . . . . . . . . . . . . . . 47.6 51.9 48.8 44.4 46.2
- WIPCO and Soyland began operations as the Soyland/WIPCO Power Pool January 1,1985.
- Energy generated by WIPCO generating units is assigned to Soyland/WIPCO Power Pool.
7'
- - _ _ = _
WF"%'t ,
9/
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nQgf Statement of Changes in Financial Position ]
CUl MZEiZM21XI5'EME7si"T2rTISU2Em32T2CNME37EZE2!2EEEKi j 1986 1985 SOURCE OF FUNDS j Net Margin . .. . . . . $ 724,188 $ 1,197,267 1 Depreciation . . . . . . . 1,298,489 1,310,613 Advances from FFB . .. . .
27,761,000 40,928,000 i Advances from REA . . . . . 0 405,000 j Equity Funding. . . . . . . 17 141 039 11,845,438 l
$46,,924,,716 $55,686,318 )
APPLICATION OF FUNDS Additions to Utility Plant . . . ...... $41,493,469 $47,792,455 Increase in Investments in Associated Organizations . 33,154 78,545 Reduction of Long-Term Debt . 1,05S1 075
~
851 422
~ $42,S82,298 $T87722,422 j WORKING CAPITAL . . .. $ _4,342,418 $ 6,963,896 CHANGES IN WORKING CAPITAL 1 Increase (decrease) in Current Assets:
Cash . ....... . . $ 6,207 $ 4,584 Temporary Cash Investments . 3,615,802 0 Accounts Receivable . . 5,625,418 1,714,505 Inventories . ........ . . . (163,442) 62,267 Prepaid Expenses and Other . _ 6h800 (43357)
$ _9,145,785 $ 1,737,499 Increase (decrease) in Current Liabilities:
Notes Payable . . . ,. . . . ($ 7,612,961) ($ S,734 299)
Accounts Payable . . . 12,393,271 1,13),458 Accrued Expenses . . .. . ___ 23,057 (623 SS6) '
_. _'$ __4,803,367 ($ S,22ti,397)
WORKING CAPITAL . .. .. $ 4,342,418 $ 6,963,896 Year Ended December 31.
Margins Allocated to Patrons EPSTCSEENG5EXTJ3E2222EME"JCr!C25mREMIEEE"n2GrmJm2Wan333 :
1 Systern 1963-1986 Adams Electrical . . . . ... $438,469.67 i Illinois Rural ... . . . 532,385.93 )
M. L M. Electric . . 430,728.99 Menard Electric .. . . . S19,942.09 Rural Electric . 367,192.29 Spoon River . . .. . .. 260,005.90 Western Illinois . . . . . . 218,623.94 City of Springfield . . . . 11,914.63 Illinois Power Company . . . .
_______._.__0 ;
$2,779,263.44 8
c "Ehm$ m 3 7 6, Production Report wwwmmwm maman > an-wwwpwan ~- ~ - aa Total generation of the units was down in 1986 finished or started. The completed projects from the 1985 totals. Gas turbine and diesel included the fly ash silo system which is col-generation totalled 70 MWH compared to 286 lecting approximately 12 tons of fly ash per MWH in 198S. The lower generation was not day, and the replacement of the roofs at Pearl.
unexpected since these units are used Projects started included construction of a primarily for emergency situations within the levee to the north of the coal yard to contain power Pool. The steam unit generation totalled coal yard runoff as mandated by the EPA, con-74,206 MWH. This was lower than expected sultation with Burns and McDonnell Engineer-due to a prolonged turbine overhaul outage ing Company concerning the solving of and 926 hours0.0107 days <br />0.257 hours <br />0.00153 weeks <br />3.52343e-4 months <br /> of off line time for economic immediate and future ash pond problems and reasons within the power Pool. gas turbine troubleshooting by General Elec-tric to determine the cause of a vibration that A S-year coal purchase contract was signed is preventing operation of the unit, with Lakeshore International in July of 1986. ' ~
'4 The majority of the 36,808 tons of coal burned ~4 U^
was supplied under the terms of the contract.
A small portion of the coal burned was g
' l%% 1 ss
- J l sapplied by Royal Fuel. I The steam turbine and generator were in a disassembled state as the year started with the f
, f Tl overhaul progressing as expected. However, Jr@ j work soon came to a standstill due to engineer- .
kM j ing difficulties and a strike by General Electric Mwf employees at the facility that was manufactur- .
p3 ing the newly designed shaft seals. The l overhaul was completed in early May allowing [q. d p[ [J[D the unit to be placed into service May 17. ' MM Plant availability for the period May 17 4
$j through December 31 was 87%. During this +8 ]
period, two maintenance outages were taken 1 j
- one scheduled and one unscheduled. The -
scheduled outage was the annual Fall outage *
- late September through early October. The 3 ,(;}m _
j u :
major projects of the outage were retubing of 3
4$ggj ps ,i -
~~f the numLar two feedwater heater, repair of wet :
4 !f ',
scrubber leaks and inspection and servicing of the pulverizers. The unscheduled outage, Q
%fj which was due to a leaking superheater tube, '; - > ~~ -
totalled 112 hours0.0013 days <br />0.0311 hours <br />1.851852e-4 weeks <br />4.2616e-5 months <br />. , .
During the year several projects were either WIPCO's Pearl Plant 1
Transmission Report pmw ar - wmrm agm m ams m ermmn q w m.w ,+< wummvr w axm wmm One distribution substation was constructed in A meter testing program was initiated this 1986. The Hadley substation, serving IREC year. The Soyland/WIPCO Pool revenue members, was energized in July. A 69-Kv metering points served by Illinois Power Com-switch along with a two-pole tap connected pany, about 90 locations, have been tested.
this station to WIPCO's 69 Kv transmission The remaining revenue meters located on the grid. Considerable work was done on MEC's WIPCO Integrated System will be tested in Virginia substation. All the low voltage switch- 1987.
gear was replaced, fenced area and gravel surface area was increased and an under- Preventative maintenance consisted of replac-ground nser stand and a shield were installed ing and repairing two power transformers, four over the top of the substation. Lowder and voltage regulators and installing 28,000 feet of Palmyra substations were converted from hardware cloth on 396 transmission poles to 34.5-Kv to 69-Kv operation. Three distribution prevent woodpecker damage. Replacement of substation power transformers banks (Wee-Ma- 62 poles, 36 crossarms and 614 insulators was Tuk, Palmyra, Barclay) were upgraded to a also accomplished.
larger capacity. Voltage regulator banks in two substations were also upgraded. Fifteen-Kv We had 192 breaker operations for the year, surge arresters were installed in three stations mandating the untanking, cleaning and testing for transformer protection. Approximately of 14 oil circuit breakers.
seven-tenths of a mile of the East Hannibal 69-Kv line had to be relocated to accommodate Another program initiated this year was the construction of the Central Illinois Expressway. retrofilling of transformers and the disposal of y w:em w 7-
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'm, 1 Hadley substation was con-nected to WIPCO 69 KV r - -
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$he;w; Integrated System to serve Illinois Rural Electric Co. It was c energized in 1986.
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The East Lanesville substation, a 20 Mya 138 to 69 Kv transmission station, is located north and east l of Springfield. This station is on interchange with IPC and helps to support the WIPCO 69 KV Integrated System.
the contaminated PCB oil. Twelve transformers '
were retrofilled and about 10,000 gallons of PCB-contaminated oil was burned in an EPA ' P ~
-g approved incinerator. Two power transformers #,..~
sqff were so highly contaminated with PCBs that we drained the oil and the transformers were '.; - .
then placed in an EPA approved landfill. .
- w; g
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In June of 1986 the Soyland/WIPCO Power s.4 ., . a L, -
7 iN. -
Pool began daily dispatching operations with IP and CIPS. As a part of the daily activities,
'j s
~ L, .
i the WIPCO dispatcher uses data from the -
b 'g l SCADA System to model the total amount of * %
hourly energy used by the 22 Soyland/WIPCO 6-
$f member cooperatives. The dispatcher then r .A w w' ._ .- .
forecasts the amount of hourly energy needed for the next day. The dispatcher finds out what The Pearl substation generation is available from IP and CIPS and the estimated cost from each company. He then determines a schedule of required generation needed from each company on an hour by hour basis. This process results in an economic saving to the Soyland/WIPCO Power Pool thus lowering the energy costs to each of WIPCO's members.
11
l .
,. .~
Ag m.
Interim Manager's Report smwomewaymm~mmman mwnrnnwmmummsn s - acan m:m m During the past 12 months several projects ill-advised under current conditions. Little is have been initiated which, when completed, accomplished just to make changes for the will benefit each distribution cooperative and sake of change.
all member-consumers. As this report is being prepared, the first and most important project During the past year, we have experienced a is the Clinton debt restructuring now under gradual decline in power consumption. Some negotiation between REA and WIPCO. of this decline is no doubt weather-related.
Successful negotiations should ensure stable Other factors include the overall general wholesale power assessments for a number of midwest economic climate, the increased years. Many future developments such as the power cost over the past five years and our )
merger with Soyland, continuation of economic lack of meaningful load building activities. I l development measures and load building am pleased to see Soylaud and WIPCO work-activities are dependent on the restructuring of ing together to build load and to provide a our FFB debt. wider range of services to our members.
Planning for the future has been difficult these Generating electricity is a costly process. To past 12 months because of the uncertainty of build and operate a plant in today's environ-our negotiations with REA. Several improve- ment is filled with many uncertainties and high ments in plant are needed, but to undertake investment. To get the most out of these plants, such improvements and changes seemed it is important that they operate efficiently and R
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Pearl station's turbine generator as seen from the operating floor.
~~
as often as possible. Our steam plant at Pearl, "" ' '"
now past its 20th operating birthday, is not quite as reliable as in years past. m a 7$ "M '
m g p_ e 1 g .- - ' j,,
Like all machinery, time and usage takes its 'g .
' ..i. G j ' (l lt d toll. In recent months, we have experienced a few hours of downtime due to leaking or *
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ruptured tubes in the boiler. We are fortunate ..
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to have a power interchange agreement with N-
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Illinois Power Company and Central Illinois '
S/
Public Service Company. Historically, power .
ippliers have negotiated interchange 1 agreements so they would have a source of ;. .- 4 l electric energy if one of their units failed, was I down for a maintenance reason, or to provide I emergency electricity when a unit or major Pearl's Number 3 and 4 burners.
fuel supply was lost. Instead of building addi-tional generating facilities just in case one of these scenarios takes place, power suppliers enter into interchange agreements. Thus, each power supplier can maximize the usefullness of I his generating plant.
Another reason we negotiate such agreements is for seasonal exchanges of electric power. In our case, the cooperatives have in general a winter peak where the IOUs have a summer peak. We can help one another by selling to the other during the excess season and pur-chase back during the deficit period Usually, 13
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View of the Pearl Plant from the coal unloading facilities on the Illinois River, seasonal exchanges result in " exchanges in kind." No money is involved, just the trading of electricity. This results in a zero balance at the end of the year. M Occasionally, a power supplier needs addi- x
-(m, tional power to meet short interval peaks. This 'A,. -
is normally handled by gas turbine generation k ,"
~ '
/
which we have at the Pearl Station. Sometimes, 'D s /; I ~E7
~
extra power is needed for a six-month period, % .
a short-term need, or the next year or more, a long-term need. We may not want or be able I to build capacity to meet this need. Through interchange agre3ments, power suppliers can locate other immediate sources of power that will meet its need.
Pearl's turbine-generator from the second story The main goal of an interchange agreement is flight.
to achieve reliable service at the lowest poss- (
ible cost. l t
Since Janaury 1,1985, Western Illinois Power Cooperative, Inc. and Soyland Power Cooperative, Inc. have been operating as a single power supply organization, providing all electrical energy requirements for the seven member distribution cooperatives of WIPCO and the 15 member distribution cooperatives of Soyland.
14
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, i Dean Searls Interim Manager 16
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