Vermont Yankee Nuclear Power Corporation
`163 Acorn Lane
`Colchester, VT 05446
`
`March 1, 2019
`
`Secretary
`
`Federal Energy Regulatory Commission
`888 First Street, NE
`
`Washington, DC 20426
`
`Dear Sir,
`
`In line with our waiver for the calendar year independent accountant certification
`requirement Vermont Yankee Nuclear Power will continue to file a CPA
`Certification for a Non-Calendar Fiscal Year, which is September 30",
`
`Sincerely,
`
`Edmund Ryan
`Vice President and Treasurer
`Vermont Yankee Nuclear Power Corporation
`
`
`
`
`
`
`
`
`11
`
`KP G KPMG LLP
`One Park Place
`463 Mountain View Drive, Suite 400
`Colchester, VT 05446-9909
`
`Independent Auditors’ Report
`
`The Board of Directors
`Vermont Yankee Nuclear Power Corporation:
`
`Report on the Financial Statements
`
`We have audited the accompanying balance sheets - regulatory basis of Vermont Yankee Nuclear Power
`Corporation (the Company) as of September 30, 2018 and 2017, and the related statements of income,
`retained eamings and cash flows - regulatory basis for the years then ended and the related notes to the
`financial statements, included on pages 110 - 123 (excluding page 116) of the accompanying Federal Energy
`Regulatory Commission Financial Report Form No. 1.
`
`Management’s Responsibility for the Financial Statements
`
`Management is responsible for the preparation and fair presentation of these financial statements in
`accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in its
`applicable Uniform System of Accounts and published accounting releases. Management is also responsible
`for the design, implementation, and maintenance of internal control relevant to the preparation and fair
`presentation of financial statements that are free from material misstatement, whether due to fraud or error.
`
`Auditors’ Responsibility
`
`Our responsibility is to express an opinion on these financial statements based on our audits. We conducted
`our audits in accordance with auditing standards generally accepted in the United States of America. Those
`standards require that we plan and perform the audit to obtain reasonable assurance about whether the
`financial statements are free from material misstatement.
`
`An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
`financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of
`the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
`risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation
`of the financial statements in order to design audit procedures that are appropriate in the circumstances, but
`not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we
`express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and
`the reasonableness of significant accounting estimates made by management, as well as evaluating the overall
`presentation of the financial statements.
`
`We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
`audit opinion.
`
`Opinion
`
`In our opinion, the financial statements referred to above present fairly, in all material respects, the financial
`position - regulatory basis as of September 30, 2018 and 2017 and the results of its operations and its cash
`flows - regulatory basis for the years then ended in conformity with the accounting requirements of the Federal
`Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published
`accounting releases.
`
`
`
`
`
`
`
`
`Kkking
`
`Basis of Accounting
`
`As described in the Introduction on page 123.1 on the FERC Form 1, these financial statements were prepared
`in accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in
`its applicable Uniform System of Accounts and published accounting releases, which is a basis of accounting
`other than U.S. generally accepted accounting principles. Our opinion is not modified with respect to this
`matter.
`
`Restriction on Use
`
`Our report is intended solely for the information and use of the board of directors and management of Vermont
`Yankee Nuclear Power Corporation and for filing with the Federal Energy Regulatory Commission, and is not
`intended to be and should not be used by anyone other than these specified parties.
`
`KPMe P
`
`Colchester, Vermont
`February 25, 2019
`
`V1. Reg. No. 82-0000241 2
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`Name of Respondent
`
`This Report Is:
`(1) [ An Original
`
`Date of Report
`(Mo, Da, Yr)
`
`Year/Period of Report
`
`VYNPC
`(2) [J A Resubmission 1 End of 2018/Q3
`COMPARATIVE BALANCE SHEET (ASSETS AND OTHER DEBITS)
`Line Current Year Prior Year
`No. Ref. End of Quarter/Year End Balance
`Title of Account Page No. Balance 12/31
`(a) (b) (c) (d)
`1 UTILITY PLANT
`2 | Utility Plant (101-106, 114) 200-201 0 0
`3 | Construction Work in Progress (107) 200-201 0 0
`4 | TOTAL Utility Plant (Enter Total of lines 2 and 3) 0 0
`5 | (Less)Accum. Prov. for Depr. Amort. Depl. (108, 110, 111, 115) 200-201 0 0
`6 Net Utility Plant (Enter Total of line 4 less 5) 0 0
`7 Nuclear Fuel in Process of Ref., Conv.,Enrich., and Fab. (120.1) 202-203 0 0
`8 | Nuclear Fuel Materials and Assemblies-Stock Account (120.2) 0 0
`9 | Nuclear Fuel Assemblies in Reactor (120.3) 0 0
`10 | Spent Nuclear Fuel (120.4) 0 0
`11 | Nuclear Fuel Under Capital Leases (120.6) 0 0
`12 | (Less) Accum. Prov. for Amort. of Nucl. Fuel Assemblies (120.5) 202-203 39,284,624 39,284,624
`13 | Net Nuclear Fuel (Enter Total of lines 7-11 less 12) -39,284,624 -39,284,624
`14 | Net Uiility Plant (Enter Total of lines 6 and 13) -39,284,624 -39,284,624
`15 | Utility Plant Adjustments (116) 0 0
`16 | Gas Stored Underground - Noncurrent (117) 0 0
`17 OTHER PROPERTY AND INVESTMENTS
`18 | Nonultility Property (121) 0 0
`19 | (Less) Accum. Prov. for Depr. and Amort. (122) 0 0
`20 |Investments in Associated Companies (123) 0 0
`21 | Investment in Subsidiary Companies (123.1) 224-225 0 0
`22 | (For Cost of Account 123.1, See Footnote Page 224, line 42)
`23 | Noncurrent Portion of Allowances 228-229 0 0
`24 | Other Investments (124) 0 0
`25 | Sinking Funds (125) 0 0
`26 | Depreciation Fund (126) 0 0
`27 | Amortization Fund - Federal (127) 0 0
`28 | Other Special Funds (128) 148,919,486 148,550,216
`29 | Special Funds (Non Major Only) (129) 0 0
`30 |Long-Term Portion of Derivative Assets (175) 0 0
`31 | Long-Term Portion of Derivative Assets — Hedges (176) 0 0
`32 | TOTAL Other Property and Investments (Lines 18-21 and 23-31) 148,919,486 148,550,216
`33 CURRENT AND ACCRUED ASSETS
`34 | Cash and Working Funds (Non-major Only) (130) 0 0
`35 |[Cash (131) 556,556 125,884
`36 | Special Deposits (132-134) 0 0
`37 | Working Fund (135) 0 0
`38 | Temporary Cash Investments (136) 2,243,214 1,719,949
`39 | Notes Receivable (141) 0 0
`40 | Customer Accounts Receivable (142) 0 0
`41 | Other Accounts Receivable (143) 120,669 99,718
`42 | (Less) Accum. Prov. for Uncollectible Acct.-Credit (144) 0 0
`43 | Notes Receivable from Associated Companies (145) 0 0
`44 | Accounts Receivable from Assoc. Companies (146} 71,908 54,991
`45 | Fuel Stock (151) 227 0 0
`46 | Fuel Stock Expenses Undistributed (152) 227 0 0
`47 | Residuals (Elec) and Extracted Products (153) 227 0 0
`48 | Plant Materials and Operating Supplies (154) 227 0 0
`49 | Merchandise (155) 227 0 0
`50 | Other Materials and Supplies (156) 227 0 0
`51 | Nuclear Materials Held for Sale (157) 202-203/227 0 0
`52 | Allowances (158.1 and 158.2) 228-229 0 0
`
`FERC FORM NO. 1 (REV. 12-03)
`
`Page 110
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`Name of Respondent This Report Is: Date of Report Year/Period of Report
`VYNPC (1) [0 An Original (Mo, Da, Yr)
`(2) [J A Resubmission 11 End of 2018/Q3
`COMPARATIVE BALANCE SHEET (ASSETS AND OTHER DEBITS}Continued)
`Line Current Year Prior Year
`No. Ref. End of Quarter/Year End Balance
`Title of Account Page No. Balance 12/31
`@ (b) (c) (d)
`
`53 |(Less) Noncurrent Portion of Allowances 0 ]
`54 | Stores Expense Undistributed (163) 227 0 0
`55 | Gas Stored Underground - Current (164.1) 0 0
`56 | Liquefied Natural Gas Stored and Held for Processing (164.2-164.3) 0 0
`57 | Prepayments (165) 0 0
`58 | Advances for Gas (166-167) 0 0
`59 | Interest and Dividends Receivable (171) 6,335 1,583
`60 | Rents Receivable (172) 0 0
`61 | Accrued Utility Revenues (173) 0 0
`62 | Miscellaneous Current and Accrued Assets (174) 0 0
`63 | Derivative Instrument Assets (175) 0 0
`64 | (Less)Long-Term Portion of Derivative instrument Assets (175) 0 0
`65 | Derivative Instrument Assets ~ Hedges (176) 0 0
`66 |(Less)Long-Term Portion of Derivative Instrument Assets - Hedges (176 0 0
`67 | Total Current and Accrued Assets (Lines 34 through 66) 2,998,682 2,002,125
`68 DEFERRED DEBITS
`69 | Unamortized Debt Expenses (181) 0 0
`70 | Extraordinary Property Losses (182.1) 230a 0 0
`71 | Unrecovered Plant and Regulatory Study Costs (182.2) 230b 0 0
`72 | Other Regulatory Assets (182.3) 232 1,614,297 824,061
`73 | Prelim. Survey and investigation Charges (Electric) (183) 0 G
`74 | Preliminary Natural Gas Survey and Investigation Charges 183.1) 0 0
`75 | Other Preliminary Survey and Investigation Charges (183.2) 0 0
`76 | Clearing Accounts (184) 0 0
`77 | Temporary Facilities (185) 0 0
`78 | Miscellaneous Deferred Debits (186) 233 0 0
`79 | Def. Losses from Disposition of Utility PIt. (187) 0 0
`80 |Research, Devel. and Demonstration Expend. (188) 3562-353 0 0
`81 | Unamortized Loss on Reaquired Debt (189) 0 0
`82 | Accumulated Deferred Income Taxes (190) 234 0 0
`83 |Unrecovered Purchased Gas Costs (191) 0 0
`84 |Total Deferred Debits (lines 69 through 83) 1,614,297 824,061
`85 |TOTAL ASSETS (lines 14-16, 32, 67, and 84) 114,247,841 112,091,778
`
`FERC FORM NO. 1 (REV. 12-03)
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`Page 111
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`Name of Respondent
`
`This Report is:
`(1) O AnOriginal
`
`Date of Report
`(mo, da, yr)
`
`Year/Period of Report
`
`VYNPC
`(2) [1 A Resubmission I end of 2018/Q3
`COMPARATIVE BALANCE SHEET (LIABILITIES AND OTHER CREDITS)
`Line Current Year Prior Year
`No Ref. End of Quarter/Year End Balance
`’ Title of Account Page No. Balance 12/31
`(a) {b) (c) (d)
`
`1 | PROPRIETARY CAPITAL
`2 | Common Stock Issued (201) 250-251 4,060,100 4,060,100
`3 | Preferred Stock Issued (204) 250-251 0 0
`4 | Capital Stock Subscribed (202, 205) 0 0
`5 | Stock Liability for Conversion (203, 206) 0 0
`6 Premium on Capital Stock (207) 0 0
`7 | Other Paid-In Capital (208-211) 253 -3,269,779 -3,269,779
`8 Instaliments Received on Capital Stock (212) 252 0 0
`9 | (Less) Discount on Capital Stock (213) 254 0 0
`10 [(Less) Capital Stock Expense (214) 254b 0 0
`11 | Retained Earnings (215, 215.1, 216) 118-119 143,713 143,713
`12 | Unappropriated Undistributed Subsidiary Earnings (216.1) 118-119 0 0
`13 | (Less) Reaquired Capital Stock (217) 250-251 0 0
`14 | Noncorporate Proprietorship (Non-major only) (218) 0 0
`15 | Accumulated Other Comprehensive Income (219) 122(a)(b) 0 0
`16 | Total Proprietary Capital (lines 2 through 15) 934,034 934,034
`17 | LONG-TERM DEBT
`18 |Bonds (221) 256-257 0 0
`19 |(Less) Reaquired Bonds (222) 256-257 0 0
`20 | Advances from Associated Companies (223) 256-257 0 0
`21 | Other Long-Term Debt (224) 256-257 0 0
`22 | Unamortized Premium on Long-Term Debt (225) 0 0
`23 | (Less)Unamortized Discount on Long-Term Debt-Debit (226) 0 0
`24 | Total Long-Term Debt {lines 18 through 23) 0 0
`25 | OTHER NONCURRENT LIABILITIES
`26 | Obligations Under Capital Leases - Noncurrent (227) 0 0
`27 | Accumulated Provision for Property insurance (228.1) 0 0
`28 | Accumulated Provision for Injuries and Damages (228.2) 0 0
`29 | Accumulated Provision for Pensions and Benefits (228.3) 3,083,660 3,290,823
`30 | Accumulated Miscellaneous Operating Provisions (228.4) 0 0
`31 | Accumulated Provision for Rate Refunds (229) 0 0
`32 |Long-Term Portion of Derivative Instrument Liabilities 0 0
`33 | Long-Term Portion of Derivative instrument Liabilities - Hedges 0 0
`34 |Asset Retirement Obligations (230) 0 0
`35 | Total Other Noncurrent Liabilities (ines 26 through 34) 3,083,660 3,290,823
`36 |CURRENT AND ACCRUED LIABILITIES
`37 | Notes Payable (231) 0 ¢
`38 | Accounts Payable (232) 47,625 37,050
`39 |Notes Payable to Associated Companies (233) 0 0
`40 | Accounts Payable to Associated Companies (234) 0 0
`41 | Customer Deposits (235) 0 0
`42 |Taxes Accrued (236) 262-263 262,958 262,208
`43 | Interest Accrued (237) 0 0
`44 | Dividends Declared (238) 0 0
`45 | Matured Long-Term Debt (239) 0 0
`
`FERC FORM NO. 1 (rev. 12-03)
`
`Page 112
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`
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`Name of Respondent This Report is: Date of Report Year/Period of Report
`VYNPC (1) [ An Original (mo, da, yr)
`(2) [] A Resubmission I end of 2018/Q3
`COMPARATIVE BALANCE SHEET (LIABILITIES AND OTHER CREDIT@ntinued)
`Line Current Year Prior Year
`No. Ref. End of Quarter/Year End Balance
`Title of Account Page No. Balance 12/31
`(a) (b) (c) (d)
`
`46 | Matured Interest (240) 0 0
`47 | Tax Collections Payable (241) 0 0
`48 | Miscellaneous Current and Accrued Liabilities (242) 0 0
`49 | Obligations Under Capital Leases-Current (243) 0 0
`50 | Derivative Instrument Liabilities (244) 0 0
`51 | (Less) Long-Term Portion of Derivative Instrument Liabilities 0 0
`52 | Derivative Instrument Liabilities - Hedges (245) 0 0
`53 |(Less)Long-Term Portion of Derivative Instrument Liabilities-Hedges 0 0
`54 | Total Current and Accrued Liabilities (lines 37 through 53) 310,583 299,258
`55 |DEFERRED CREDITS
`56 | Customer Advances for Construction (252) 0 0
`57 | Accumulated Deferred Investment Tax Credits (255) 266-267 0 0
`58 | Deferred Gains from Disposition of Utility Plant (256) 0 4]
`59 | Other Deferred Credits (253) 269 109,252,152 106,944,500
`60 | Other Regulatory Liabilities (254) 278 667,412 623,163
`61 | Unamortized Gain on Reaquired Debt (257) 0 0
`62 | Accum. Deferred Income Taxes-Accel. Amort.(281) 272-277 0 0
`63 | Accum. Deferred Income Taxes-Other Property (282) 0 0
`64 | Accum. Deferred Income Taxes-Other (283) 0 O
`65 | Total Deferred Credits (lines 56 through 64) 109,919,564 107,567,663
`66 | TOTAL LIABILITIES AND STOCKHOLDER EQUITY (lines 16, 24, 35, 54 and 65) 114,247 841 112,091,778
`
`FERC FORM NO. 1 (rev. 12-03)
`
`Page 113
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`Name of Respondent 2I:|his Re| oArt IS inal (D'\fite Bf RYep)ort Year/Period of Report
`n Origina o, Da, Yr 2018/Q3
`VYNPC (2) DA Resubmission /1 Endof
`STATEMENT OF INCOME
`Quarterly
`1. Report in column (c) the current year to date balance. Column {c) equals the total of adding the data in column (g) plus the data in column (i) plus the
`data in column (k). Report in column (d) similar data for the previous year. This information is reported in the annual filing only.
`2. Enter in column (e) the balance for the reporting quarter and in column (f) the balance for the same three month period for the prior year.
`3. Report in column (g) the quarter to date amounts for electric utility function; in column (i) the quarter to date amounts for gas utility, and in column (k)
`the quarter to date amounts for other utility function for the current year quarter.
`4. Report in column (h) the quarter to date amounts for electric utility function; in column (j) the quarter to date amounts for gas utility, and in column (1)
`the quarter to date amounts for other utility function for the prior year quarter.
`5. If additional columns are needed, place them in a footnote.
`Annual or Quarterly if applicable
`5. Do not report fourth quarter data in columns (e) and (f)
`6. Report amounts for accounts 412 and 413, Revenues and Expenses from Utility Plant Leased to Others, in another utility columnin a similar manner to
`a utility department. Spread the amount(s) over lines 2 thru 26 as appropriate. Include these amounts in columns (c) and (d) totals.
`7. Report amounts in account 414, Other Utility Operating Income, in the same manner as accounts 412 and 413 above.
`Line Total Total Current 3 Months | Prior 3 Months
`No. Current Year to Prior Year to Ended Ended
`(Ref.) Date Balance for | Date Balance for | Quarterly Only Quarterly Only
`Title of Account Page No. | Quarter/Year Quarter/Year No 4th Quarter No 4th Quarter
`(@) (b) (c) {d) {€) U]
`1|UTILITY OPERATING INCOME
`2| Operating Revenues (400) 300-301 1,314,236 -275,070
`3| Operating Expenses
`4| Operation Expenses (401) 320-323 933,783 429,125
`5 | Maintenance Expenses (402) 320-323
`6 | Depreciation Expense (403) 336-337
`7 | Depreciation Expense for Asset Retirement Costs (403.1) 336-337
`8| Amort. & Depl. of Utility Plant (404-405) 336-337
`9| Amort. of Utility Plant Acg. Adj. (406) 336-337
`10| Amort. Property Losses, Unrecov Plant and Regulatory Study Costs (407)
`11 | Amort. of Conversion Expenses (407)
`12 | Regulatory Debits (407.3) -394,623
`13| (Less) Regulatory Credits {407.4)
`14 | Taxes Other Than Income Taxes (408.1) 262-263
`15| Income Taxes - Federal {409.1) 262-263 750 750
`16 - Other (409.1) 262-263
`17 | Provision for Deferred Income Taxes (410.1) 234,272-277
`18| (Less) Provision for Deferred Income Taxes-Cr. (411.1) 234, 272-277
`19| Investment Tax Credit Adj. - Net (411.4) 266
`20 | {Less) Gains from Disp. of Utility Plant (411.6)
`21 [ Losses from Disp. of Utility Plant (411.7)
`22 | {Less) Gains from Disposition of Allowances (411.8)
`23 | Losses from Disposition of Allowances (411.9)
`24| Accretion Expense (411.10)
`25 | TOTAL Utility Operating Expenses (Enter Total of lines 4 thru 24) 934,533 35,252
`26 | Net Util Oper Inc (Enter Tot line 2 less 25) Carry to Pg117 line 27 379,703 -310,322
`
`FERC FORM NO. 1/3-Q (REV. 02-04) Page 114
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`Name of Respondent This Report Is: Date of Report Year/Period of Report
`VYNPC (1) I:EI’An Original (Mo, Da, YTr) End of 2018/Q3
`(2) DA Resubmission /1 T
`
`STATEMENT OF INCOME FOR THE YEAR (Continued)
`
`9. Use page 122 for important notes regarding the statement of income for any account thereof.
`
`10. Give concise explanations concerning unsettled rate proceedings where a contingency exists such that refunds of a material amount may need to be
`made to the utility's customers or which may result in material refund to the utility with respect to power or gas purchases. State for each year effected
`the gross revenues or costs to which the contingency relates and the tax effects together with an explanation of the major factors which affect the rights
`of the utility to retain such revenues or recover amounts paid with respect to power or gas purchases.
`
`11 Give concise explanations concerning significant amounts of any refunds made or received during the year resulting from settlement of any rate
`proceeding affecting revenues received or costs incurred for power or gas purches, and a summary of the adjustments made to balance sheet, income,
`and expense accounts.
`
`12. If any notes appearing in the report to stokholders are applicable to the Statement of Income, such notes may be included at page 122.
`
`13. Enter on page 122 a concise explanation of only those changes in accounting methods made during the year which had an effect on net income,
`including the basis of allocations and apportionments from those used in the preceding year. Also, give the appropriate dollar effect of such changes.
`14. Explain in a footnote if the previous year's/quarter's figures are different from that reported in prior reports.
`
`15. If the columns are insufficient for reporting additional utility departments, supply the appropriate account titles report the information in a footnote to
`
`this schedule.
`
`ELECTRIC UTILITY GAS UTILITY OTHER UTILITY
`Current Year to Date | Previous Year to Date Current Year to Date | Previous Year to Date | CumentYearto Date | Previous Yearfo Date
`(in dollars) (in dollars) (in dollars) (in dollars) (in dollars) (in dollars)
`
`(9) (h) 0] 0 (k) 0]
`
`Line
`
`1,314,236 -275,070
`
`933,783 429,125
`
`QO O N| |0 &l W|N| =
`
`-394,623 12
`
`750 750 15
`
`934,533 35,252 25
`379,703 -310,322 26
`
`FERC FORM NO. 1 (ED. 12-96) Page 115
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`Name of Respondent
`VYNPC
`
`@)
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`This Report Is:
`(1)
`
`An Original
`
`D A Resubmission
`
`11
`
`Date of Report
`(Mo, Da, Yr)
`
`End of
`
`Year/Period of Report
`2018/Q3
`
`STATEMENT OF INCOME FOR THE YEAR (continued)
`
`Line
`No.
`
`Title of Account
`
`(@)
`
`(Ref.)
`Page No.
`
`(b)
`
`TOTAL
`
`Current Year
`
`(c)
`
`Previous Year
`
`(d)
`
`Current 3 Months
`Ended
`Quarterly Only
`No 4th Quarter
`
`()
`
`Prior 3 Months
`Ended
`Quarterly Only
`No 4th Quarter
`U]
`
`27
`
`Net Utility Operating Income (Carried forward from page 114)
`
`28
`
`Other Income and Deductions
`
`29
`
`Other Income
`
`30
`
`Nonutitty Operating Income
`
`31
`
`Revenues From Merchandising, Jobbing and Contract Work (415)
`
`379,703
`
`-310,322
`
`32
`
`(Less) Costs and Exp. of Merchandising, Job. & Contract Work (416)
`
`33
`
`Revenues From Nonutility Operations (417)
`
`34
`
`(Less) Expenses of Nonutility Operations (417.1)
`
`35
`
`Nonoperating Rental Income (418)
`
`36
`
`Equity in Eamings of Subsidiary Companies (418.1)
`
`119
`
`37
`
`Interest and Dividend Income (419)
`
`1,998,002
`
`1,369,814
`
`38
`
`Allowance for Other Funds Used During Construction (419.1)
`
`39
`
`Miscellaneous Nonoperating Income (421)
`
`40
`
`Gain on Disposition of Property (421.1)
`
`41
`
`TOTAL Other Income (Enter Total of fines 31 thru 40)
`
`1,998,002
`
`42
`
`Other Income Deductions
`
`43
`
`Loss on Disposition of Property (421.2)
`
`1,369,814
`
`44
`
`Miscellaneous Amortization (425)
`
`45
`
`Donations (426.1)
`
`46
`
`Life Insurance (426.2)
`
`47
`
`Penalties (426.3)
`
`48
`
`Exp. for Certain Civic, Political & Related Activities {426.4)
`
`49
`
`Other Deductions (426.5)
`
`50
`
`TOTAL Other Income Deductions (Total of lines 43 thru 49)
`
`51
`
`Taxes Applic. to Other Income and Deductions
`
`52
`
`Taxes Other Than Income Taxes (408.2)
`
`262-263
`
`53
`
`Income Taxes-Federal (409.2)
`
`262-263
`
`54
`
`Income Taxes-Other (409.2)
`
`262-263
`
`55
`
`Provision for Deferred Inc. Taxes (410.2)
`
`234, 272-277
`
`56
`
`(Less) Provision for Deferred Income Taxes-Cr. (411.2)
`
`234, 272-277
`
`57
`
`Investment Tax Credit Adj.-Net (411.5)
`
`58
`
`{Less) Investment Tax Credits (420)
`
`59
`
`TOTAL Taxes on Other Income and Deductions (Total of lines 52-58)
`
`60
`
`Net Other Income and Deductions (Total of lines 41, 50, 59)
`
`61
`
`Interest Charges
`
`62
`
`Interest on Long-Term Debt (427)
`
`1,998,002
`
`1,369,814
`
`63
`
`Amort. of Debt Disc. and Expense (428)
`
`64
`
`Amortization of Loss on Reagquired Debt (428.1}
`
`65
`
`{Less) Amort. of Premium on Debt-Credit (429)
`
`66
`
`(Less) Amortization of Gain on Reaquired Debt-Credit (429.1)
`
`67
`
`Interest on Debt to Assoc. Companies (430)
`
`68
`
`Other Interest Expense (431)
`
`2,307,652
`
`989,439
`
`69
`
`(Less) Allowance for Borrowed Funds Used During Construction-Cr. (432)
`
`70
`
`Net Interest Charges (Total of lines 62 thru 69)
`
`2,307,652
`
`989,439
`
`71
`
`Income Before Extraordinary ltems (Total of lines 27, 60 and 70)
`
`72
`
`Extraordinary ltems
`
`73
`
`Extraordinary Income (434)
`
`70,053
`
`70,053
`
`74
`
`{Less) Extraordinary Deductions (435)
`
`75
`
`Net Extraordinary Items (Total of line 73 less line 74)
`
`76
`
`Income Taxes-Federal and Other (409.3)
`
`262-263
`
`77
`
`Extraordinary ltems After Taxes (line 75 less line 76)
`
`78
`
`Net Income (Total of line 71 and 77)
`
`70,053
`
`70,053
`
`FERC FORM NO. 1/3-Q (REV. 02-04)
`
`Page 117
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`Name of Respondent This Report Is: Date of Report Year/Period of Report
`(1) An Original (Mo, Da, Yr) End of 2018/Q3
`
`VINEC (MA Resubmission /1
`STATEMENT OF RETAINED EARNINGS
`
`1. Do not report Lines 49-53 on the quarterly version.
`
`2. Report all changes in appropriated retained earnings, unappropriated retained eamings, year to date, and unappropriated
`undistributed subsidiary earnings for the year.
`
`3. Each credit and debit during the year should be identified as to the retained earnings account in which recorded (Accounts 433, 436
`- 439 inclusive). Show the contra primary account affected in column (b)
`
`4. State the purpose and amount of each reservation or appropriation of retained eamings.
`
`5. List first account 439, Adjustments to Retained Eamings, reflecting adjustments to the opening balance of retained earnings. Follow
`by credit, then debit items in that order.
`
`6. Show dividends for each class and series of capital stock.
`
`7. Show separately the State and Federal income tax effect of items shown in account 439, Adjustments to Retained Earnings.
`
`8. Explain in a footnote the basis for determining the amount reserved or appropriated. If such reservation or appropriation is to be
`recurrent, state the number and annual amounts to be reserved or appropriated as well as the totals eventually to be accumulated.
`
`9. If any notes appearing in the report to stockholders are applicable to this statement, include them on pages 122-123.
`
`Current Previous
`Quarter/Year Quarter/Year
`Contra Primary Year to Date Year to Date
`Line ltem Account Affected Balance Balance
`No. (a) (c) (d)
`UNAPPROPRIATED RETAINED EARNINGS {Account 216) { e | e
`1| Balance-Beginning of Period
`2{Changes e B = T g
`3| Adjustments to Retained Earnings (Account 439)
`4
`5
`6
`7
`8
`9| TOTAL Credits to Retained Earnings (Acct. 439)
`10
`11
`12
`13
`14
`15| TOTAL Debits to Retained Earnings (Acct. 439)
`16| Balance Transferred from Income (Account 433 less Account 418.1) 70,053 70,053
`17| Appropriations of Retained Earnings (Acct. 436) fi
`18
`19
`20
`21
`22| TOTAL Appropriations of Retained Eamings (Acct. 436)
`23| Dividends Declared-Preferred Stock {Account 437} ififi
`24
`25
`26
`27
`28
`29| TOTAL Dividends Declared-Preferred Stock (Acct. 437)
`30| Dividends Declared-Common Stock (Account 438) i
`31 -70,053 ( 70,053)
`32
`33
`34
`35
`36| TOTAL Dividends Declared-Common Stock (Acct. 438) -70,053 { 70,053)
`37| Transfers from Acct 216.1, Unapprop. Undistrib. Subsidiary Earnings
`38| Balance - End of Period (Total 1,9,15,16,22,29,36,37) 143,713 143,713
`APPROPRIATED RETAINED EARNINGS (Account 215)
`
`FERC FORM NO. 1/3-Q (REV. 02-04) Page 118
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`
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`
`
`Name of Respondent This Report Is;
`
`VYNPC
`
`) An Original
`(2) A Resubmission
`
`Date of Report
`(Mo, Da, YT)
`
`Iy
`
`Year/Period of Report
`End of 2018/Q3
`
`STATEMENT OF RETAINED EARNINGS
`
`1. Do not report Lines 49-53 on the quarterly version.
`2. Report all changes in appropriated retained earnings, unappropriated retained earnings, year to date, and unappropriated
`undistributed subsidiary earnings for the year.
`3. Each credit and debit during the year should be identified as to the retained earnings account in which recorded (Accounts 433, 436
`- 439 inclusive). Show the contra primary account affected in column (b)
`4. State the purpose and amount of each reservation or appropriation of retained earnings.
`5. List first account 439, Adjustments to Retained Earnings, reflecting adjustments to the opening balance of retained earnings. Follow
`by credit, then debit items in that order.
`
`6. Show dividends for each class and series of capital stock.
`7. Show separately the State and Federal income tax effect of items shown in account 439, Adjustments to Retained Earnings.
`
`8. Explain in a footnote the basis for determining the amount reserved or appropriated. If such reservation or appropriation is to be
`recurrent, state the number and annual amounts to be reserved or appropriated as well as the totals eventually to be accumulated.
`9. If any notes appearing in the report to stockholders are applicable to this statement, include them on pages 122-123.
`
`Current Previous
`Quarter/Year Quarter/Year
`Contra Primary Year to Date Year to Date
`Line ltem Account Affected Balance Balance
`No. (a) (b) (©) (d)
`39
`40
`41
`42
`43
`44
`45| TOTAL Appropriated Retained Earnings (Account 215)
`APPROP. RETAINED EARNINGS - AMORT. Reserve, Federal (Account 215.1) fi
`46| TOTAL Approp. Retained Earnings-Amort. Reserve, Federal (Acct. 215.1)
`47| TOTAL Approp. Retained Earnings (Acct. 215, 215.1) (Total 45,46)
`48| TOTAL Retained Earnings (Acct. 215, 215.1, 216) (Total 38, 47) (216.1) 143,713 143,713
`UNAPPROPRIATED UNDISTRIBUTED SUBSIDIARY EARNINGS (Account
`Report only on an Annual Basis, no Quarterly
`49| Balance-Beginning of Year (Debit or Credit)
`50| Equity in Eamings for Year (Credit) (Account 418.1)
`51| (Less) Dividends Received (Debit)
`52
`53| Balance-End of Year (Total lines 49 thru 52)
`
`FERC FORM NO. 1/3-Q (REV. 02-04) Page 119
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`
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`Name of Respondent zl'1h)is Re %rt Ig ol ?fite Sf R$p)ort Year/Period of Report
`n Origina o, Da, Yr 2018/Q3
`MYNPC (2) A Resubmission I Endof =~
`
`STATEMENT OF CASH FLOWS
`
`(1) Codes to be used:(a) Net Proceeds or Payments;(b)Bonds, debentures and other long-term debt; (c) include commercial paper; and (d) Identify separately such items as
`
`investments, fixed assets, intangibles, efc.
`(2) Information about noncash investing and financing activities must be provided in the Notes to the Financial statements. Also provide a reconciliation between "Cash and Cash
`Equivalents at End of Period" with related amounts on the Balance Sheet.
`(3) Operating Activities - Other: Include gains and losses pertaining to operating activities only. Gains and losses pertaining to investing and financing activities should be reported
`in those activities. Show in the Notes to the Financials the amounts of interest paid (net of amount capitalized) and income taxes paid.
`(4) Investing Activities: Include at Other (line 31) net cash outflow to acquire other companies. Provide a reconciliation of assets acquired with liabilities assumed in the Notes to
`the Financial Statements. Do not include on this statement the dollar amount of leases capitalized per the USofA General Instruction 20; instead provide a reconciliation of the
`
`dollar amount of leases capitalized with the plant cost.
`
`Line
`No.
`
`Description (See Instruction No. 1 for Explanation of Codes)
`
`(@)
`
`Current Year to Date
`Quarter/Year
`
`Previous Year to Date
`Quarter/Year
`
`(c)
`
`1 |Net Cash Flow from Operating Activities:
`2 |Net Income (Line 78(c) on page 117)
`3 [Noncash Charges (Credits) to Income:
`4 |Depreciation and Depletion
`5 | Amortization of Spent Fuel Disposal 1,026,000 1,599,000
`6 |Spent Fuel Trust Earnings 881,000 741,000
`7 [Rabbi Trust Income -101,000 -68,000
`8 | Deferred Income Taxes (Net)
`9 |Investment Tax Credit Adjustment (Net)
`10 |Net (Increase) Decrease in Receivables
`11 |Net (Increase) Decrease in Inventory
`12 [Net (Increase) Decrease in Allowances {nventory
`13 |[Net Increase (Decrease) in Payables and Accrued Expenses 9,937 -10,729
`14 |Net (Increase) Decrease in Other Regulatory Assets
`15 |Net Increase (Decrease) in Other Regulatory Liabilities -395,000
`16 |(Less) Allowance for Other Funds Used During Construction
`17 |(Less) Undistributed Earnings from Subsidiary Companies
`18 |Other (provide details in footnote): -43,000 -3,000
`19 |Nuclear Fuel Disposal Interest Accrual 2,308,000 989,000
`20
`21 |Net (Increase) Decrease in Pension and Deferred Comp Liabilities -92,000 -81,000
`22 |Net Cash Provided by (Used in) Operating Activities (Total 2 thru 21) 4,058,990 2,841,324
`23
`24 |Cash Flows from Investment Activities:
`25 [Construction and Acquisition of Plant (including land):
`26 |Gross Additions to Utility Plant (less nuclear fuel)
`27 |Gross Additions to Nuclear Fuel
`28 |Gross Additions to Common Utility Plant
`29 |Gross Additions to Nonutility Plant
`30 |(L.ess) Allowance for Other Funds Used During Construction
`31 |Other (provide details in footnote):
`32
`33
`34 |Cash Qutflows for Plant (Total of lines 26 thru 33)
`E e Sy Dt = =N T
`36 |Acquisition of Other Nongcurrent Assets (d)
`37 |Proceeds from Disposal of Noncurrent Assets (d)
`38
`39 [Investments in and Advances to Assoc. and Subsidiary Companies
`40 |Contributions and Advances from Assoc. and Subsidiary Companies
`41 |Disposition of Investments in (and Advances to) _fi
`42 |Associated and Subsidiary Companies
`43
`44 |Purchase of Investment Securities (a) -237,335,000 -147,898,000
`45 |Proceeds from Sales of Investment Securities (a) 234,300,000 145,676,000
`
`FERC FORM NO. 1 (ED. 12-96)
`
`Page 120
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`
`Name of Respondent
`
`1
`VYNPC @)
`
`This Report Is:
`An Original
`
`A Resubmission
`
`Date of Report
`{Mo, Da, Y1)
`
`I
`
`Year/Period of Report
`End of 2018/Q3
`
`STATEMENT OF CASH FLOWS
`
`(1) Codes to be used:(a) Net Proceeds or Payments;(b)Bonds, debentures and other long-term debt; (¢) Include commercial paper; and (d) identify separately such items as
`
`investments, fixed assets, intangibles, etc.
`
`(2) Information about noncash investing and financing activities must be provided in the Notes to the Financial statements. Also provide a reconciliation between "Cash and Cash
`Equivalents at End of Period" with related amounts on the Balance Sheet.
`(3) Operating Activities - Other: Include gains and losses pertaining to operating activities only. Gains and losses pertaining to investing and financing activities should be reported
`
`in those activities. Show in the Notes to the Financials the amounts of interest paid (net of amount capitalized) and income taxes paid.
`
`(4) Investing Activities: Include at Other (line 31) net cash outflow to acquire other companies. Provide a reconciliation of assets acquired with liabilities assumed in the Notes to
`the Financial Statements. Do not include on this statement the dollar amount of leases cap