The Commonwealth of Massachusetts RETURN OF THE MUNICIPAL LIGHT DEPARTMENT OF THE TOWN OF SOUTH HADLEY TO THE DEPARTMENT OF PUBLIC UTILITIES

Transcription

1 The Commonwealth of Massachusetts RETURN OF THE MUNICIPAL LIGHT DEPARTMENT OF THE TOWN OF SOUTH HADLEY TO THE DEPARTMENT OF PUBLIC UTILITIES OF MASSACHUSETTS For the Year Ended December 31, 2015 Name of Officer to whom correspondence should be addressed regarding this report : Wayne D. Doerpholz Official Title: Manager Office Address: 85 Main Street South Hadley, MA Form Ac19

2 TABLE OF CONTENTS Pages General Information 3 Schedule of Estimates 4 Customers in each City or Town 4 Appropriations Since Beginning of Year 5 Changes in the Property 5 Bonds 6 Town Notes 7 Cost of Plant 8 Comparative Balance Sheet Income Statement 12 Earned Surplus 12 Cash Balances 14 Materials and Supplies 14 Depreciation Fund Account 14 Utility Plant - Electric Miscellaneous Non-operating Income 21 Other Income Deductions 21 Miscellaneous Credits to Surplus 21 Miscellaneous Debits to Surplus 21 Appropriations of Surplus 21 Municipal Revenues 22 Purchased Power 22 Sales for Resale 22 Electric Operating Revenues 37 Sales of Electricity to Ultimate Consumers 38 Electric Operation and Maintenance Expenses Income from Merchandising, Jobbing and Contract Work 51 Sales for Resale Purchased Power Interchange Power 56 Electric Energy Account 57 Monthly Peaks and Output 57 Substations 68 Overhead Distribution Lines Operated 69 Electric Distribution Services, Meters and Line Transformers 69 Electric Distribution Services, Meters and Line Transformers 69 Conduit, Underground Cable and Submarine Cable 70 Street Lamps 71 Rate Schedule Information 79 Signature Page 81 FOR GAS PLANTS ONLY: Pages Pages Utility Plant - Gas Gas Generating Plant 74 Gas Operating Revenues 43 Boilers 75 Sales of Gas to Ultimate Consumers 44 Scrubbers, Condensers and Exhausters 75 Gas Operation & Maintenance Expenses Purifiers 76 Purchased Gas 48 Holders 76 Sales for Resale 48 Transmission and Distribution Mains 77 Sales of Residuals 48 Gas Distribution Services, House Governors Record of Sendout for the Year in MCF and Meters 78 PAGES INTENTIONALLY OMITTED: 9, 13, 18-20, 23-36, 43-50, 58-67, 72-78, 80

3 3 GENERAL INFORMATION 1. Name of town (or city) making this report: Town of South Hadley, Massachusetts 2. If the town (or city) has acquired a plant, kind of plant, whether gas or electric: Electric Owner from whom purchased, if so acquired. Amherst Power Company Date of votes to acquire a plant in accordance with the provisions of chapter 164 of the General Laws: April 14, 1914 Record of votes: First vote - Yes 141, No 35 Second vote - Yes 169, No 44 Date when town (or city) began to sell electricity: Name and address of manager of municipal lighting: Wayne D. Doerpholz - 3 Fairlawn Street, South Hadley, MA 4. Name and address of mayor or selectmen Chair : Francis J. DeToma, 31 Ashfield Lane, South Hadley, MA Vice-Chair : Ira J. Brezinsky, 93 Woodbridge Street, South Hadley, MA Clerk : Bruce C. Forcier, 24 Dale Street, South Hadley, MA ` Member : Sarah Etelman, 9 Garden Street, South Hadley, MA Member : John R. Hine, 39 Chestnut Hill Road, South Hadley, MA 5. Name and address of town (or city) treasurer: Deborah Baldini, 32 Park Avenue, South Hadley, MA 6. Name and address of town (or city) clerk: Carlene C. Hamlin, 16 Priestly Farms Road, South Hadley, MA 7. Names and addresses of members of municipal light board: Chair : Anne S. Awad - 4 Jewett Lane, South Hadley, MA Vice-Chair : Daniel Whitford - 5 Misty Court, South Hadley, MA Clerk : Kurt Schenker - 59 Pine Street, South Hadley, MA 8. Total valuation of estates in town (or city) according to last state valuation: $1,452,428, Tax rate for all purposes during the year: Fiscal 2016 Town - $17.56, Fire District 1 - $2.29, Fire District 2 - $ Amount of manager's salary: $141, Amount of manager's bond: None 12. Amount of salary paid to members of municipal light board (each): None

4 4 FURNISH SCHEDULE OF ESTIMATES REQUIRED BY GENERAL LAWS, CHAPTER 164, SECTION 57 FOR GAS AND ELECTRIC LIGHT PLANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, NEXT INCOME FROM PRIVATE CONSUMERS: 1 FROM SALES OF GAS 2 FROM SALE OF ELECTRICITY 15,045,000 3 FROM RATE STABILIZATION FUND 4 Totals 15,045,000 5 Expenses: 6 For operation, maintenance and repairs 13,644,000 7 For interest on bonds, notes or scrip 8 For depreciation fund 1,043,000 9 For sinking fund requirements 10 For note payments 11 For bond payments 12 For loss in preceding year 13 Totals 14,687, Cost: 16 Of gas to be used for municipal buildings 17 Of gas to be used for street lights 18 Of electricity to be used for municipal buildings 575, Of electricity to be used for street lights 100, Total of the above items to be included in the tax levy 676, New construction to be included in the tax levy 23 Total amounts to be included in the tax levy 676,349 CUSTOMERS Names of cities of towns in which the plant supplies Names of cities of towns in which the plant GAS, with the number of customers' meters in each supplies ELECTRICITY, with the number of customers' meters in each Number of Customers' Number of Customers' City or Town Meters, December 31. City or Town Meters, December 31. None None South Hadley 7,745 Granby 40 Hadley 9 Holyoke 1 Totals 7,795

5 5 APPROPRIATIONS SINCE BEGINNING OF YEAR (Include also all items charged direct to tax levy, even where no appropriation is made or required.) FOR CONSTRUCTION OR PURCHASE OF PLANT: * At meeting, to be paid from { * At meeting, to be paid from { FOR THE ESTIMATED COST OF THE GAS OR ELECTRICITY TO BE USED BY THE CITY OR TOWN FOR: 1. Street Lights 100, Municipal Buildings 575,572 TOTAL 676,349 *Date of meeting and whether regular or special { Here insert bonds, notes or tax levy CHANGES IN THE PROPERTY 1. Describe briefly all the important physical changes in the property during the last fiscal period including additions, alterations or improvements to the works or physical property retired. In electric property: Completed phase I of LED street light conversion project Rebalanced circuts and installed protective fusings In gas property:

6 6 BONDS (Issued on Account of Gas or Electric Lighting) When Authorized* Date of issue Amount of Period of Payments Interest Amount Original Issue Amounts When Payable Rate When Payable Outstanding January 1, 1915 January 1, 1915 $ 40,000 SEE ATTACHMENT A - MMWEC Total $ 40,000 Total NONE The bonds and notes outstanding at the end of the year should agree with the balance sheet. When bond and notes are repaid, report the first three columns only. *Date of meeting and whether regular or special

7 7 TOWN NOTES (Issued on Account of Gas or Electric Lighting) When Authorized* Date of issue Amount of Period of Payments Interest Amount NONE Original Issue Amounts When Payable Rate When Payable Outstanding Total 0 Total 0 The bonds and notes outstanding at the end of the year should agree with the balance sheet. When bond and notes are repaid, report the first three columns only. *Date of meeting and whether regular or special

8 8 TOTAL COST OF PLANT - ELECTRIC 1. Report below the cost of utility plant in service ceding year. Such items should be included in column effect of such amounts. according to prescribed accounts. (c) or (d) as appropriate. 4. Reclassifications or transfers within utility plant 2. Do not include as adjustments, corrections of 3. Credit adjustments of plant accounts should accounts should be shown in column (f). additions and retirements for the current or the pre- be enclosed in parentheses to indicate the negative Balance Line Beginning Balance No. Account of Year Additions Retirements Adjustments Transfers End of Year (a) (b) (c) (d) (e) (f) (g) 1 1. INTANGIBLE PLANT PRODUCTION PLANT 6 A. Steam Production Land and Land Rights Structures and Improvements Boiler Plant Equipment Engines and Engine Driven Generators Turbogenerator Units Accessory Electric Equipment Miscellaneous Power Plant Equipment 15 Total Steam Production Plant B. Nuclear Production Plant Land and Land Rights Structures and Improvements Reactor Plant Equipment Turbogenerator Units Accessory Electric Equipment Miscellaneous Power Plant Equipment 23 Total Nuclear Production Plant

9 8A Balance TOTAL COST OF PLANT - ELECTRIC (Continued) Line Beginning End of No. Account of Year Additions Retirements Adjustments Transfers Year (a) (b) (c) (d) (e) (f) (g) Balance 1 C. Hydraulic Production Plant Land and Land Rights Structures and Improvements Reservoirs, Dams and Waterways Water wheels, Turbines and Generators Accessory Electric Equipment Miscellaneous Power Plant Equipment Roads. Railroads and Bridges 9 Total Hydraulic Production Plant D. Other Production Plant Land and Land Rights Structures and Inprovements Fuel Holders, Producers and Accessories Prime Movers Generators Accessory Electric Equipment Miscellaneous Power Plant Equipment 18 Total Other Production Plant Total Production Plant TRANSMISSION PLANT Land and Land Rights Clearing Land and Rights of Way Structures and Improvements Station Equipment Towers and Fixtures Poles and Fixtures Overhead Conductors and Devices Underground Conduits Underground Conductors and Devices Roads and Trails 31 Total Transmission Plant

10 8B TOTAL COST OF PLANT - ELECTRIC (Continued) Balance Line Beginning End of No. Account of Year Additions Retirements Adjustments Transfers Year 1 4. DISTRIBUTION PLANT Land and Land Rights Structures and Improvements (a) (b) (c) (d) (e) (f) (g) Station Equipment 6,006,289 6,006, Storage Battery Equipment Poles, Towers and Fixtures 1,911,071 34,800 38,145 1,907, Overhead Conductors and Devices 8,306, ,091 8,448, Underground Conduits 2,958,362 6,849 2,965, Underground Conductors & Devices 3,911,923 63,461 3,975, Line Transformers 1,952,306 27,126 26,837 1,952, Services 794,726 12, , Meters 1,929,680 9,784 8,913 1,930, Installation on Cust's Premises 1,142,387 1,142, Leased Prop. on Cust's Premises 239,596 49, , Street Light and Signal Systems 1,241, , ,446 1,148, Total Distribution Plant 30,394, ,037 1,492, ,331, GENERAL PLANT Land and Land rights 333,358 11, , Structures and Improvements 769, , Office Furniture and Equipment 1,129,634 18,485 1,148, Transportation Equipment 1,114,909 44,098 1,159, Stores Equipment 28,701 28, Tools, Shop and Garage Equipment 394, , Laboratory Equipment 119, , Power Operated Equipment 138, , Communication Equipment 113,214 1, , Miscellaneous Equipment 48,448 48, Other Tangible Property 1,475,892 29,260 1,505, Total General Plant 5,665, , ,770, Total Electric Plant in Service 36,060, ,178 1,492, ,101, TOTAL COST OF PLANT... 35,101, Less Cost of Land, Land Rights, and Rights of Way 344, Total Cost upon which depreciation is based 34,757,071 The above figures should show the original cost of existing property. In case any part of the property is sold or retired, the cost of such property should be deducted from the cost of the plant. The net cost of the property, less the land values, should be taken as a basis for figuring depreciation. Balance

11 10 COMPARATIVE BALANCE SHEET Assets and Other Debits Balance Balance Line Beginning of End of Increase No. Title of Account Year Year or (Decrease) 1 UTILITY PLANT (a) (b) ( c ) (d) Utility Plant -Electric 5,964,097 5,791,009 (173,088) Utility Plant- Gas Investment in Associated Companies 5 Total Utility Plant 5,964,097 5,791,009 (173,088) FUND ACCOUNTS Sinking Funds Depreciation Fund (P. 14) 4,860,286 5,048, , Other Special Funds 12,310,070 12,398,858 88, Total Funds 17,170,356 17,447, , CURRENT AND ACCRUED ASSETS Cash (P. 14) 3,024,569 3,331, , Special Deposits 179, ,110 76, Working Funds 1,080,615 1,088,252 7, Notes and Receivables Customer Accounts Receivable 832, ,888 (481,591) Other Accounts Receivable Receivables from Municipality Materials and Supplies (P. 14) 438, ,978 23, Prepayments 50,591 47,312 (3,279) Miscellaneous Current Assets 28 Total Current and Accrued Assets 5,607,080 5,536,138 (70,942) 29 DEFERRED DEBITS Unamortized Debt Discount Extraordinary Property Debits Other Deferred Debits 531, , Total Deferred Debits 531, , Total Assets and Other Debits 28,741,533 29,306, ,476

12 11 COMPARATIVE BALANCE SHEET Liabilities and Other Credits Balance Balance Line Beginning of End of Increase No. Title of Account Year Year or (Decrease) 1 APPROPRIATIONS Appropriations for Construction 3 SURPLUS Sinking Fund Reserves Loans Repayment (a) (b) ( c ) (d) Appropriations for Construction Repayment Unappropriated Earned Surplus (P. 12) 23,128,565 20,991,529 (2,137,036) 8 Total Surplus 23,128,565 20,991,529 (2,137,036) 9 LONG TERM DEBT Bonds (P. 6) Notes Payable (P 7) 12 Total Bonds and Notes CURRENT AND ACCRUED LIABILITIES Accounts Payable 672, ,222 (137,952) Payables to Municipality Customer Deposits 179, ,110 76, Taxes Accrued Interest Accrued Miscellaneous Current and Accrued Liabilities 24,737 39,192 14, Total Current and Accrued Liabilities 876, ,524 (47,237) 21 DEFERRED CREDITS Unamortized Premium on Debt Customer Advance for Construction Other Deferred Credits 1,604,524 4,237,899 2,633, Total Deferred Credits 1,604,524 4,237,899 2,633, RESERVES Reserves for Uncollectable Accounts Property Insurance Reserve Injuries and Damages Reserves Pensions and Benefits Miscellaneous Operating Reserves 32 Total Reserves 33 CONTRIBUTIONS IN AID OF CONSTRUCTION Contributions in Aid of Construction 3,131,683 3,247, , Total Liabilities and Other Credits 28,741,533 29,306, ,476 State below if any earnings of the Municipal Lighting Plant have been used for any purpose other than discharging indebtedness of the plant, the purpose for which used and the amount thereof.

13 12 STATEMENT OF INCOME FOR THE YEAR Increase or Line Account Current Year (Decrease) from No. (a) Preceding Year 1 OPERATING INCOME Operating Revenue (P. 37 and P. 43) 15,364,724 (983,671) 3 Operating Expenses: Operation Expense (P.42) 13,752,412 (528,849) Maintenance Expense (P. 42) 425,421 66, Depreciation Expense 1,071,809 4, Amortization of Property Losses Taxes (P. 48) 10 Total Operating Expenses 15,249,642 (458,139) 11 Operating Income 115,082 (525,532) Other Utility Operating Income (P.50) Total Operating Income 115,082 (525,532) 15 OTHER INCOME Income from Merchandising, Jobbing, and Contract Work (P. 51) Interest Income 118,634 (5,096) Miscellaneous Income 19 Total Other Income 118,634 (5,096) 20 Total Income 233,716 (530,628) 21 MISCELLANEOUS INCOME DEDUCTIONS Miscellaneous Amortization Other Income Deductions 73,425 73, Total Income Deductions 73,425 73, Income before Interest Charges 160,291 (604,053) 26 INTEREST CHARGES Interest on Bonds and Notes Amortization of Debt Discount and Expense Amortization of Premium on Debt Other Interest Expense Interest Charged to Construction-Credit 32 Total Interest Charges 33 Net Income 160,291 (604,053) EARNED SURPLUS Line Debits Credits No. (a) (b) (c) 34 Unappropriated Earned Surplus (at beginning of Period) 23,128, Balance transferred from Income 160, Miscellaneous Credits to Surplus 794, Miscellaneous Debits to Surplus 3,091, Appropriations of Surplus (P.21) Surplus Applied to Depreciation Unappropriated Earned Surplus (at end of period) 20,991, Totals 24,083,514 24,083,514

14 14 CASH BALANCES AT END OF YEAR (Account 131) Line Items Amount No. (a) (b) 1 Operation Fund 3,331,598 2 Interest Fund 3 Bond Fund 4 Construction Fund Totals 3,331,598 MATERIALS AND SUPPLIES (Account , 163 ) Summary per Balance Sheet Amount End of Year Line Account Electric Gas No. (a) (b) (c) 13 Fuel (Account 151) (See Schedule, Page 25) 14 Fuel Stock Expenses (Account 152) 15 Residuals (Account 153) 16 Plant Materials and Operating Supplies (Account 154) 461, Merchandise (Account 155) 18 Other Materials and Supplies (Account 156) 19 Nuclear Fuel Assemblies and Components - In Reactor (Acct 157) 20 Nuclear Fuel Assemblies and Components - Stock Acct (Acct 158) 21 Nuclear Byproduct Materials (Account 159) 22 Stores Expense (Account 163) 23 Total per Balance Sheet 461,978 0 DEPRECIATION FUND ACCOUNT (Account 126) Line Amount No. (a) (b) DEBITS 25 Balance of Account at Beginning of Year 4,860, Income During Year from Balance on Deposit 27 Amount Transferred from Income 1,071, Totals 5,932, CREDITS 31 Amount expended for Construction Purposes (Sec. 57C164 of G.L.) 497, Amounts Expended for Renewals 557, Adjustment: Retirements (56,175) 34 Adjustments: Contributions in Aid of Construction (115,374) Balance on Hand at End of Year 5,048, Totals 5,932,095

15 15 UTILITY PLANT - ELECTRIC 1. Report below the cost of utility plant in service ceding year. Such items should be included in column effect of such amounts. according to prescribed accounts. (c) or (d) as appropriate. 4. Reclassifications or transfers within utility plant 2. Do not include as adjustments, corrections of 3. Credit adjustments of plant accounts should accounts should be shown in column (f). additions and retirements for the current or the pre- be enclosed in parentheses to indicate the negative Balance Line Beginning Adjustments Balance No. Account of Year Additions Depreciation Other Credits Transfers End of Year (a) (b) (c) (d) (e) (f) (g) 1 1. INTANGIBLE PLANT PRODUCTION PLANT 6 A. Steam Production Land and Land Rights Structures and Improvements Boiler Plant Equipment Engines and Engine Driven Generators Turbogenerator Units Accessory Electric Equipment Miscellaneous Power Plant Equipment 15 Total Steam Production Plant B. Nuclear Production Plant Land and Land Rights Structures and Improvements Reactor Plant Equipment Turbogenerator Units Accessory Electric Equipment Miscellaneous Power Plant Equipment 23 Total Nuclear Production Plant

16 16 Balance UTILITY PLANT - ELECTRIC (Continued) Line Beginning Other Adjustments Balance No. Account of Year Additions Depreciation Credits Transfers End of Year (a) (b) (c) (d) (e) (f) (g) 1 C. Hydraulic Production Plant Land and Land Rights Structures and Improvements Reservoirs, Dams and Waterways Water wheels, Turbines and Generators Accessory Electric Equipment Miscellaneous Power Plant Equipment Roads. Railroads and Bridges 9 Total Hydraulic Production Plant D. Other Production Plant Land and Land Rights Structures and Inprovements Fuel Holders, Producers and Accessories Prime Movers Generators Accessory Electric Equipment Miscellaneous Power Plant Equipment 18 Total Other Production Plant Total Production Plant TRANSMISSION PLANT Land and Land Rights Clearing Land and Rights of Way Structures and Improvements Station Equipment Towers and Fixtures Poles and Fixtures Overhead Conductors and Devices Underground Conduits Underground Conductors and Devices Roads and Trails 31 Total Transmission Plant

17 17 Balance UTILITY PLANT - ELECTRIC (Continued) Line Beginning Other Adjustments Balance No. Account of Year Additions Depreciation Credits Transfers End of Year (a) (b) (c) (d) (e) (f) (g) 1 4. DISTRIBUTION PLANT Land and Land Rights Structures and Improvements Station Equipment 2,966, ,189 2,785, Storage Battery Equipment Poles, Towers and Fixtures 25,272 34,800 25,272 34, Overhead Conductors and Devices 261, , ,365 (34,272) 131, Underground Conduits 5,020 6,849 5,018 6, Underground Conductors & Devices 144,689 63, ,358 90, Line Transformers 8,735 27,126 8,736 27, Services 14,869 12,278 14,868 12, Meters 222,580 9,784 57, , Installation on Cust's Premises 304,637 34, ,453 (136,912) Leased Prop. on Cust's Premises 171, , Street Light and Signal Systems 117, ,648 37, , Total Distribution Plant 4,071, , , , ,649, GENERAL PLANT Land and Land rights 333,358 11, , Structures and Improvements Office Furniture and Equipment 143,541 18,485 92,342 69, Transportation Equipment 300,822 44, , , Stores Equipment Tools, Shop and Garage Equipment 1, , Laboratory Equipment Power Operated Equipment Communication Equipment 1,208 1, Miscellaneous Equipment Other Tangible Property 980,822 29, , , Total General Plant 1,759, , , ,511, Total Electric Plant in Service 5,831, ,178 1,071, , ,160, Utility Plant leased to Others Property Held for Future Use Construction Work in Progress 132, , , Accumulated Depreciation 34 Total Utility Electric Plant 5,964,097 1,032,174 1,071, , ,791,009

18 21 MISCELLANEOUS NON-OPERATING INCOME (Account 421) Line Item Amount No. (a) (b) Total 0 OTHER INCOME DEDUCTIONS (Account 426) Line Item Amount No. (a) (b) Total 0 MISCELLANEOUS CREDITS TO SURPLUS (Account 434) Line Item Amount No. (a) (b) 15 Deferred Outflows at Beginning of Year 410, Compensated Absence Liability Adjustment 384, Total 794,658 MISCELLANEOUS DEBITS TO SURPLUS (Account 435) Line Item Amount No. (a) (b) 24 Operating Transfer to Town of South Hadley 227, Pension Liability at Beginning of Year 2,864, Total 3,091,985 APPROPRIATIONS OF SURPLUS (Account 436) Line Item Amount No. (a) (b) Total 0

19 22 MUNICIPAL REVENUES (Accounts 482,444) (K.W.H. Sold under the Provision of Chapter 269, Acts of 1927) Average Revenue Line Acct Gas Schedule Cubic Feet Revenue Received per M.C.F No. No. [0.0000] (a) (b) (c) (d) 1 2 Totals Average Revenue per K.W.H. Line Electric Schedule K.W.H. Revenue Received (cents) No. [0.0000] (a) (b) (c) (d) Municipal: (Other Than Street Lighting) 5,541, , Totals 5,541, , Street Lighting 921, , Totals 921, , Totals 6,462, , PURCHASED POWER (Account 555) Cost per Names of Utilities Where and at What K.W.H. Line from which Electric Voltage Received K.W.H. Amount (cents) No. Energy is Purchased [0.0000] (a) (b) (c) (d) (e) 13 PASNY via MMWEC Pine Shed 115 KV 6,992,437 90, Millstone 3 Pine Shed 115 KV 61,311,516 4,608, Seabrook 4 & 5 Pine Shed 115 KV 32,360,141 2,060, C/MORGA Pine Shed 115 KV 377,600 15, C/NOBLE Pine Shed 115 KV 1,261, , C/MCQRE Pine Shed 115 KV 206,400 17, C/ARGL Pine Shed 115 KV 544,000 26, C/PSEG Pine Shed 115 KV 809,600 42, C/POWEX Pine Shed 115 KV 334,800 12, Totals 104,198,094 7,004, SALES FOR RESALE (Account 447) Revenues Names of Utilities Voltage Received per K.W.H. Line to which Electric Where and at What K.W.H. Amount [cents] No. Energy is Sold Voltage Received [0.0000] (a) (b) (c) (c) (e) Totals

20 37 ELECTRIC OPERATING REVENUES (Account 400) 1. Report below the amount of Operating Revenue for are added for billing purposes, one customer shall be counted 4. Unmetered sales should be included below. The the year for each prescribed account and the amount of for each group of meters so added. The average number details of such sales should be given in a footnote. increase or decrease over the preceding year. of customers means the average of the 12 figures at the 5. Classification of Commercial and Industrial Sales, 2. If increases and decreases are not derived from close of each month. If the customer count in the resi- Account 442, according to small (or Commercial) and previously reported figures explain any inconsistencies. dential service classification includes customers counted Large (or Industrial) may be according to the basis of 3. Number of customers should be reported on the more than once because of special services, such as water classification regularly used by the respondent if such basis of number of meters, plus number of flat rate heating, etc.,indicate in a footnote the number of such basis of classification is not greater than 1000 Kw of accounts, except that where separate meter readings duplicate customers included in the classification. demand. See Account 442 of the Uniform System of Accounts. Explain basis of classification. Operating Revenues Kilowatt-hours Sold Average Number of Customers per Month Increase or Increase or Increase or Line Account Amount for (Decrease) from Amount for (Decrease) from Number for (Decrease) from No. Year Preceding Year Year Preceding Year Year Preceding Year 1 SALES OF ELECTRICITY (a) (b) (c) (d) (e) (f) (g) Residential Sales 8,295,992 (564,401) 59,368,473 (175,830) 7, Commercial and Industrial Sales: 4 Small (or Commercial) see instr. 5 2,680,849 (124,636) 18,263, , Large (or Industrial) see instr. 5 3,334,748 (207,524) 27,465, , Municipal Sales (P.22) 846,316 (37,708) 6,462,588 27, Other Sales to Public Authorities Sales to Railroads and Railways Miscellaneous Electric Sales 66,055 (2,871) 330,230 (5,364) 240 (47) 11 Total Sales to Ultimate Consumers 15,223,960 (937,140) 111,889, ,620 8, Sales for Resale Total Sales of Electricity* 15,223,960 (937,140) 111,889, ,620 8, OTHER OPERATING REVENUES Forfeited Discounts Miscellaneous Service Revenues 109,471 72, Sales of Water and Water Power *Includes revenues from application of fuel clauses 1,695, Rent from Electric Property 20,210 (115,862) Interdepartmental Rents Total KWH to which applied 110,968, Other Electric Revenues 11,083 (3,315) Total Other Operating Revenues ,764 (46,530) 26 Total Electric Operating Revenues. 15,364,724 (983,670)

21 38 SALES OF ELECTRICITY TO ULTIMATE CONSUMERS Report by account number the K.W.H. sold, the amount derived and the number of customers under each filed schedule or contract. Municipal sales and unbilled sales may be reported separately in total. Average Revenue Number of Customers per K.W.H. (per Bills Rendered) Line Acct Schedule K.W.H. Revenue (cents) No. No. *(0.0000) July 31 December 31 (a) (b) (c) (d) (e) (f) Residential - General 45,631,857 6,520, N/A 5,871 2 Residential - Heating 13,736,616 1,775, N/A 1, Commercial - Small 18,263,554 2,680, N/A Industrial 27,465,121 3,334, N/A Municipal - General 5,541, , N/A 48 6 Municipal - Street Lights 921, , N/A Miscellaneous 330,230 66, N/A Total Sales to Ultimate 43 Consumers ( Page 37 Line 11 ) 111,889,966 15,223, N/A 8,113

22 39 ELECTRIC OPERATION AND MAINTENANCE EXPENSES 1. Enter in the space provided the operation and maintenance expenses for the year. 2. If the increases and decreases are not divided from previously reported figures explain in footnote. Increase or Line Account Amount for Year (Decrease) from No. Preceding Year (a) (b) (c) 1 POWER PRODUCTION EXPENSE 2 STEAM POWER GENERATION 3 Operation: Operation supervision and engineering Fuel Steam expense Steam from other sources Steam transferred - Cr Electric expenses Miscellaneous steam power expenses Rents 12 Total Operation Maintenance: Maintenance supervision and engineering Maintenance of structures Maintenance of boiler plant Maintenance of electric plant Maintenance of miscellaneous steam plant 19 Total Maintenance Total power production expenses - steam power NUCLEAR POWER GENERATION 22 Operation: Operation supervision and engineering Fuel Coolants and water Steam expense Steam from other sources Steam transferred - Cr Electric expenses Miscellaneous nuclear power expenses Rents 32 Total Operation Maintenance: Maintenance supervision and engineering Maintenance of structures Maintenance of reactor plant equipment Maintenance of electric plant Maintenance of miscellaneous nuclear plant 39 Total Maintenance Total power production expenses - nuclear power HYDRAULIC POWER GENERATION 42 Operation: Operation supervision and engineering Water for power Hydraulic expenses Electric expenses Miscellaneous hydraulic power generation expenses Rents 49 Total Operation 0 0 (continued on page 40)

23 40 ELECTRIC OPERATION AND MAINTENANCE EXPENSES (Continued) Increase or Line Account Amount for Year (Decrease) from No. Preceding Year 1 HYDRAULIC POWER GENERATION - CONTINUED 2 Maintenance: Maintenance Supervision and Engineering Maintenance of Structures Maintenance of Reservoirs, Dams and Waterways (a) (b) (c) Maintenance of Electric Plant Maintenance of Miscellaneous Hydraulic Plant 8 Total Maintenance Total Power Production Expenses - Hydraulic Power OTHER POWER GENERATION 11 Operation: Operation Supervision and Engineering Fuel Operation Expenses Miscellaneous Other Power Generation Expenses Rents 17 Total Operation Maintenance: Maintenance Supervision and Engineering Maintenance of Structure Maintenance of Generating and Electric Plant Maintenance of Miscellaneous Other Power Generation Plant 23 Total Maintenance Total Power Production Expenses - Other Power OTHER POWER SUPPLY EXPENSES Purchased Power 9,281,559 (807,646) System Control and Load Dispatching Other Expenses 168,002 (9,181) 29 Total Other Power Supply Expenses 9,449,561 (816,827) 30 Total Power Production Expenses 9,449,561 (816,827) 31 TRANSMISSION EXPENSES 32 Operation: Operation Supervision and Engineering Load Dispatching Station Expenses Overhead Line Expenses Underground Line Expenses Transmission of Electricity by Others 2,072, , Miscellaneous Transmission Expenses Rents 41 Total Operation 2,072, , Maintenance: Maintenance Supervision and Engineering Maintenance of Structures Maintenance of Station Equipment Maintenance of Overhead Lines Maintenance of Underground Lines Maintenance of Miscellaneous Transmission Plant 49 Total Maintenance Total Transmission Expenses 2,072, ,769

24 41 ELECTRIC OPERATION AND MAINTENANCE EXPENSES (Continued) Increase or Line Account Amount for Year (Decrease) from No. Preceding Year 1 DISTRIBUTION EXPENSES 2 Operation: (a) (b) (c) Operation Supervision and Engineering 56,800 2, Load Dispatching Station Expenses 4,198 1, Overhead Line Expenses 332,060 20, Underground Line Expenses 49,579 5, Street Lighting and Signal System Expenses Meter Expenses 27,247 (4,775) Customer Installations Expenses 41,911 (11,415) Miscellaneous Distribution Expenses 96,959 20, Rents 13 Total Operation 608,754 35, Maintenance: Maintenance supervision and engineering 56,800 2, Maintenance of Structures Maintenance of Station Equipment 18,546 4, Maintenance of Overhead Lines 185,371 14, Maintenance of Underground Lines 23,164 2, Maintenance of Line Transformers 9,610 8, Maintenance of Street Lighting and Signal Systems 29,007 1, Maintenance of Meters 15, Maintenance of Miscellaneous Distribution Plant 24 Total Maintenance 337,707 35, Total Distribution Expenses 946,461 70, CUSTOMER ACCOUNTS EXPENSES 27 Operation: Supervision Meter Reading Expenses 24,739 7, Customer Records and Collection Expenses 269,798 19, Uncollectable Accounts 67,790 (32,210) Miscellaneous Customer Accounts Expenses 33 Total Customer Accounts Expenses 362,327 (5,988) 34 SALES EXPENSES 35 Operation: Supervision Demonstrating and Selling Expenses Advertising Expenses 14,240 (11,611) Miscellaneous Sales Expense 40 Total Sales Expenses 14,240 (11,611) 41 ADMINISTRATIVE AND GENERAL EXPENSES 42 Operation: Administrative and General Salaries 458, , Office Supplies and Expenses 51,055 5, Administrative Expenses Transferred - Cr Outside Services Employed 135,857 4, Property Insurance 68,313 19, Injuries and Damages 26,742 (8,901) Employees Pensions and Benefits 378,403 (53,442) Regulatory Commission Expenses Duplicate Charges - Cr Miscellaneous General Expenses 125,584 (10,589) Rents 54 Total Operation 1,244, ,521

25 42 ELECTRIC OPERATION AND MAINTENANCE EXPENSES (Continued) Increase or Line Account Amount for Year (Decrease) from No. Preceding Year 1 ADMINISTRATIVE EXPENSES 2 Maintenance: (a) (b) (c) Maintenance of General Plant 69,502 29, Transportation expense 18,212 2,069 5 Total Maintenance 87,714 31,430 6 Total Administrative and General Expenses 1,332, ,951 7 Total Electric Operation and Maintenance Expenses 14,177,833 (462,199) SUMMARY OF ELECTRIC OPERATION AND MAINTENANCE EXPENSES Line Functional Classification OPERATION MAINTENANCE TOTAL No. (a) (b) (c) (d) 8 Power Production Expenses 9 Electric Generation 10 Steam Power 11 Nuclear Power 12 Hydraulic Power 13 Other Power 14 Other Power Supply Expenses 9,449,561 9,449, Total Power Production Expenses 9,449,561 9,449, Transmission Expenses 2,072,986 2,072, Distribution Expenses 608, , , Customer Accounts Expenses 362, , Sales Expenses 14,240 14, Administrative and General Expenses 1,244,544 87,714 1,332, Power Production Expenses 22 Total Electric Operation and Maintenance Expenses 13,752, ,421 14,177, Ratio of Operating Expenses to Operating Revenues (carry out decimal two places, (e.g. 0.00% ) Compute by dividing Revenues (acct 400) into the sum of Operation and Maintenance Expenses (Page 42, Line 22 (d), Depreciation (Acct 403) and Amortization (Acct 407) 99.25% 24 Total salaries and wages of electric department for year, including amounts charged to operating expenses, construction and other accounts 1,533, Total number of employees of electric department at end of year including administrative, operating, maintenance and other employees (including part time employees) 19

26 51 INCOME FROM MERCHANDISE, JOBBING AND CONTRACT WORK (Account 415) Report by utility departments the revenues, costs, expenses, and net income from merchandising, jobbing, and contract work during year. Line Item Electric Gas Utility Total No. Department Department Department 1 Revenues: 2 Merchandising sales, less discounts, 3 allowances and returns 4 Contract Work 5 Commissions 6 Other(List according to major classes) Other (a) (c) (d) (d) (e) Total Revenues Costs and Expenses: 14 Cost of Sales (List according to Major 15 classes of cost) Labor 18 Materials Sales expenses 27 Customer accounts expenses 28 Administrative and general expenses Total Costs and Expenses Net Profit (or Loss)

27 52 SALES FOR RESALE (Acccount 447) 1. Report sales during year to other electric utilities and and place an "x" in column (c) if sale involves export to cities or other public authorities for distribution to across a state line. ultimate consumers. 3. Report separately firm, dump, and other power sold to the same utility. Describe the nature of any sales classified 2. Provide subheadings and classify sales as to as other power, column (b). (1) Associated Utilities, (2) Nonassociated Utilities, (3) 4. If delivery is made at a substation indicate ownership Municipalities, (4) R.E.A. Cooperatives, and (5) other in column (e), thus: respondent owned or leased, RS; public authorities. For each sale designate statistical customer owned or leased, CS. classification in column (b), thus: firm power, FP; dump or surplus power, DP;other G, Kw or Kva of Demand (Specify which) Line No. Sales to Statistical Classification Export Across State Lines Point of Delivery Substation Contract Demand Average Monthly Maximum Demand Annual Maximum Demand ##### ##### (a) (b) (c) (d) (e) (f) (g) (h)

28 53 SALES FOR RESALE (Account 447) (Continued) 5 If a fixed number of kilowatts of maximum demand 6. The number of Kilowatt-hours sold should be the is specified in the power contract as a basis of billings to quantities shown by the bills rendered to the purchasers. the customer this number should be shown in column (f).. The number of kilowatts of maximum demand to be shown 7. Explain any amounts entered in column (n) such as in column (g) and (h) should be actual based on monthly fuel or other adjustments. readings and should be furnished whether or not used in the determination of demand charges. Show in column (i) type 8. If a contract covers several points of delivery and of demand reading (instantaneous, 15, 30, or 60 minutes small amounts of electric energy are delivered at each point, integrated). such sale may be grouped. Revenue (Omit Cents) Type of Demand Reading Voltage at which Delivered Kilowatt- Hours Demand Charges Energy Charges Other Charges Total Revenue per Kwh (cents) [0.0000} Line No. (i) (j) (k) (l) (m) (n) (o) (p) Totals

29 54 PURCHASED POWER (Account 555) 1. Report power purchased for resale during the year. Authorities. For each purchase designate statisical class- Exclude from this schedule and report on page 56 particulars fication in column (b), thus: firm power, FP; dump or concerning interchange power transactions during the year. surplus power DP; other, O, and place an "X" in column (c) if purchase involves import across a state line. 2. Provide subheadings and classify sales as to 3. Report separately firm, dump, amd othe power pur- (1) Associated Utilities, (2) Nonassociated Utilities, (3) chased from the same company. Describe the nature of any Associated Nonutilities, (4) Other Nonutilities, (5) Muni- purchases classified as Other Power, column (b). cipalities, (6) R.E.A. Cooperatives, and (7) Other Public Kw or Kva Demand (Specify Which) Line No. Purchased From Statistical Classification Import Across State Lines Point of Receipt Substation Contract Demand Average Monthly Maximum Demand Annual Maximum Demand (a) (b) (c) (d) (e) (f) (g) (h) 1 PASNY via MMWEC FP X Pine Shed RS 1,198 2 Millstone 3 O X Pine Shed RS 7,108 3 Seabrook 4 & 5 O X Pine Shed RS 4,254 4 C/MORGA O X Pine Shed RS 5 C/NOBLE O X Pine Shed RS 6 C/MCQRE O X Pine Shed RS 7 C/ARGL O X Pine Shed RS 8 C/PSEG O X Pine Shed RS 9 C/POWEX O X Pine Shed RS

30 55 PURCHASED POWER (Account 555) (Continued) (except interchange power) 4. If receipt of power is at a substation indicate ownership should be furnished whether or not used in the determination in column (e), thus: respondent owned or leased, RS; seller of demand charges. Show in column (l) type of demand owned or leased, SS. reading (instantaneous, 15, 30, or 60 minutes integrated). 5. If a fixed number of kilowatts of maximum demand is specified in the power contract as a basis of billing, this 6. The number of kilowatt hours purchased should be the number should be shown in column (f). The number of quantities shown by the power bills. kilowatts of maximum demand to be shown in column (g) and (h) should be actual based on monthly readings and 7. Explain any amount entered in column (n) such as fuel or other adjustments. Cost of Energy (Omit Cents) Type of Demand Reading Voltage at which Delivered Kilowatt- Hours Capacity Charges Energy Charges Other Charges Total KWH (cents) (0.0000) Line No. (i) (j) (k) (l)* (m) (n) (n) (p) 60 Min 115KV 6,992,437 56,115 34,402 90, Min 115KV 61,311,516 4,196, ,080 4,608, Min 115KV 32,360,141 1,844, ,853 2,060, Min 115KV 377,600 15,123 15, Min 115KV 1,261, , , Min 115KV 206,400 17,603 17, Min 115KV 544,000 26,492 26, Min 115KV 809,600 42,444 42, Min 115KV 334,800 12,760 12, Note: capacity charges are reduced by annual flush of funds for PSA power contracts Totals 104,198,094 6,097, , ,004,

31 56 INTERCHANGE POWER (Included in Account 555) 1. Report below the Kilowatt-hours received and shall be furnished in Part B, Details of Settlement for coordination, or other such arrangement, submit a delivered during the year and the net charge or credit Interchange Power. If settlement for any transaction copy of the annual summary of transactions and billunder interchange power agreements. also includes credit or debit amounts other than for ings among the parties to the agreement. If the 2. Provide subheadings and classify interchanges increment generation expenses, show such other amount of settlement reported in this schedule for any as to (1) Associated Utilities, (2) Nonassociated Utili- component amounts separately, in addition to debit transaction does not represent all of the charges and ties, (3) Associated Nonutilities, (4) Other Non- or credit for increment generation expenses, and give credits covered by the agreement, furnish in a footnote utilies, (5) Municipalities, (6) R.E.A., Cooperatives, a brief explanation of the factors and principles under a description of the other debits and credits and state and (7) Other Public Authorities. For each inter- which such other component amounts were deter- the amounts and accounts in which such other change across a state line place an "X" in column (b). mined. If such settlement represents the net of debits amounts are included for the year. 3. Particulars of settlements for interchange power and credits under an interconnection, power pooling, A. Summary of Interchange According to Companies and Points of Interchange Kilowatt-hours Line No. Name of Company Interchange Across State Lines Point of Interchange Voltage at Which Interchanged Received Delivered Net Difference Amount of Settlement (a) (b) (c) (d) (e) (f) (g) (h) 1 NEPEX 115KV 119,618, ,183,180 12,435,300 2,277, Totals 119,618, ,183,180 12,435,300 2,277,537 B. Details of Settlement for Interchange Power Line Name of Company Explanation Amount No. (i) (j) (k) 7 NEPEX NEPOOL Expense 170,991 8 Interchange Expense 2,106, Total 2,277,537

32 57 ELECTRIC ENERGY ACCOUNT Report below the information called for concerning the disposition of electric generated, purchased, and interchanged during the year. Line Item Kilowatt-hours No. (a) (b) 1 SOURCES OF ENERGY 2 Generation (excluding station use): 3 Steam Gas Turbine Combined Cycle 4 Nuclea 5 Hydro 6 Other Diesel 7 Total generation 0 8 Purchases 104,198,094 9 { In (gross) 119,618, Interchanges { Out (gross) 107,183, { Net (Kwh) 12,435, { Received 13 Transmission for/by others { Delivered 14 { Net (kwh) 15 TOTAL 116,633, DISPOSITION OF ENERGY 17 Sales to ultimate consumers (including interdepartmental sales) 111,889, Sales for resale 19 Energy furnished without charge 20 Energy used by the company (excluding station use) 21 Electric department only 265, Energy losses: 23 Transmission and conversion losses 24 Distribution losses 4,477, Unaccounted for losses 26 Total energy losses 4,477, Energy losses as percent of total on line % 28 Total 116,633,394 MONTHLY PEAKS AND OUTPUT 1. Report hereunder the information called for pertaining to simultaneous 3. State type of monthly peak reading (instantaneous 15, 30, or 60 peaks established monthly (in kilowatts) and monthly output (in killowatt-hours) minute integrated.) for the combined sources of electric energy of respondent. 4. Monthly output should be the sum of respondent's net generation 2. Monthly peak col. (b) should be respondent's maximum Kw load as measured by and purchases plus or minus net interchange and plus or minus net the sum of its coincidental net generation and purchases plus or minus net interchange transmission or wheeling. Total should agree with line 15 above. minus temporary deliveries (not interchange) or emergency power to another system. 5. If the respondent has two or more power systems and physically Monthly peak including such emergency deliveries should be shown in a footnote with connected, the information called for below should be furnished for a breif explanation as to the nature of the emergency. each system. Monthly Peak Monthly Output Day of (kwh) Line Month Kilowatts Day of Week Month Hour Type of Reading See Instr. 4) No. (a) (b) (c) (d) (e) (f) (g) 29 January 20,907 Wednesday 7 19:00 60 min 11,333, February 20,656 Monday 16 19:00 60 min 10,813, March 19,040 Tuesday 3 19:00 60 min 10,282, April 16,450 Thursday 9 20:00 60 min 8,301, May 20,386 Wednesday 27 18:00 60 min 8,737, June 20,413 Monday 22 18:00 60 min 8,918, July 25,322 Wednesday 29 17:00 60 min 10,989, August 24,742 Monday 17 17:00 60 min 11,091, September 25,860 Tuesday 8 17:00 60 min 9,699, October 15,827 Monday 19 19:00 60 min 8,373, November 17,990 Monday 30 19:00 60 min 8,564, December 18,264 Tuesday 1 18:00 60 min 9,527, Total 116,633,394

33 68 SUBSTATIONS 1. Report below rhe information called for concerning substations 4. Indicate in column (b) the functional character or each sub- by reason of sole ownership by the respondent. For any substation or of the respondent as of the end of the year. station, designating whether transmission or distribution and equipment operated under lease, give name of lessor, date and period 2. Substations which serve but one industrial or street railway whether attended or unattended. of lease and annual rent. For any substation or equipment operated customer should not be listed hereunder. 5. Show in columns (i), (j), and (k) special equipment such as other than by reason of sole ownership or lease, give name of co-owner 3. Substations with capacities of less than 5000 Kva, except those rotary converters, reflectors, condensers, etc. and auxilary or other party, explain basis of sharing expenses of other accounting serving customers with energy for resale, may be grouped according equipment for increasing capacity. between the parties, and state amounts and accounts affected in to functional character, but the number of such substations must 6. Designate substations or major items of equipment leased from respondent's books of account. Specify in each case whether lessor, be shown. others, jointly owned with others, or operated otherwise than co-owner, or other party is an associated company. Voltage Character Capacity of Number Number Conversion Apparatus and Special Equipment of Substation Of Trans- of Spare No. of Total Line Name and Location of Substation Substation Primary Secondary Tertiary in Kva formers Trans- Type of Equipment Units Capacity No. (in Service) in Service formers (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) 1 PINESHED Distribution 115KV 13.8KV 93, UNATTENDED Totals 93, ,000 KVA

34 69 OVERHEAD DISTRIBUTION LINES OPERATED Length (Pole Miles) Line No. Item Wood Poles Steel Towers Total 1 Miles - Beginning of Year NONE Added During Year Retired During Year Miles - End of Year ELECTRIC DISTRIBUTION SERVICES, METERS AND LINE TRANSFORMERS Number of Line Transformers Line Electric Watt-hour Total No. Item Services Meters Number Capacity (Kva) 20 Number at beginning of year 5,842 7,894 1,069 67, Additions during year: 22 Purchased Installed Associated with utility plant acquired Total additions Reduction during year: 27 Retirements Associated with utility plant sold 29 Total reductions Number at End of Year 5,856 7,913 1,077 68, In Stock , Locked Meters' on customers' premises 33 Inactive Transformers on System 34 In Customers' Use 7, , In Companys' Use Number at End of Year 7,913 1,077 68,