Kaua' i Island ^ ''" "-Utility Cooperative ZGM HAR 2 3 A IO 32 Your Touchstone Energy' Cooperative ?V"<^
- ^ PUBLiC UTILITIES COMMtSSlOM
March 17,2011
Ms. Brooke K. Kane Administrative Director Public Utilities Commission Kekuanao'a Building, Room 103
465 South King Street
Honolulu. HI 96813
Subject: 2010 ANNUAL REPORT TO THE PUC
Dear Ms. Kane:
Kauai Island Utility Cooperative respectfully submits its 2010 Annual Report and the selected five-year statistical data (2006-2010) drawn from the annual report.
Please call me if you have any questions at 808-246-8213.
Very truly yours,
David J. BisselH Financial Vice President & CFO, Interim President & CEO
Enclosures
cc: Division of Consumer Advocacy
The power of hurruin connections' 4463 Pake 'e Street, Suite I • Lihue. Kaua V. HI 96766-2000 • (808)246-4300 • www.kiuc.cooD
KlUC is an equal opportunity provider and employer.
f-" i
Annual Report of
HAR 23 A 10:3 J
PUBLIC UTn n i l s COMMISSION
KAUA'I ISLAND UTILITY COOPERATIVE State exact corporate name of respondent
LIHUE. KAUAI. HAWAII Address of Respondent's Principal Business Office
To the
Public Utilities Commission state of Hawaii
For the year ending
DECEMBER 31. 2010
Approved Annual Report / (WB^^Bn\ 1 Revised Form . .,. . T>t I n l n X ^ ^ H s -'off Approved by Public Utilities Commission
Electric Utilities **^ »«f \ J*^s«HS.-»» I'H y
GENERAL INSTRUCTION FOR
PREPARING REPORT
All electric utilities operating within the State of Hawaii shall make their annual report on this form in duplicate and file the original, duly verified in the office of this Commission, on or before March 3 Ist ofthe following year, retaining duplicate copy for its files.
The form of annual report Is prepared in conformity with Uniform System of Accounts for Public Utilities as prescribed by this Gommission, and all accounting words and phrases are to be interpreted In accordance with the said classification.
The word "Respondent" wherever used In this report, means the person, corporation, licensee, agency, authority, or other legal entity or instrumentality in whose behalf the report is made.
Each annual report should in all particulars be complete in itself and references to returns of former years or to other reports should not be made to take the place of information as required herein.
Where information, required herein, is not given, state fully the reason for its omission.
The report should be made on typewriter, as all forms are designed therefore. All entries should be typed in black except those of contrary or opposite character which should be typed in red or enclosed in parenthesis. If it is necessary or advisable to insert additional statements for the purpose of further explanation of accounts or schedules, they should be typed on paper of durable quality and should conform with this in size of page and be securely appended hereto.
The report is designed to cover the calendar year. Each utility shall close its books at the end of each calendar year unless otherwise authorized by the Commission.
Respondent may, in lieu of filing this report, file a copy ofthe annual report submitted to the Federal Power Commission (Form 1). In addition to filing either report, respondent shall also file with the Commission, a copy of its annual report prepared for distribution to its security holders and such other reports or schedules as requested.
Page Nos. 3-4. ORGANIZATION AND CONTROL OF RESPONDENT. Answer all questions as Indicated.
Page Nos. 5-6. Schedule A - COMPARATIVE BALANCE SHEET. The balance at the beginning and at the close ofthe year appearing In the respective accounts on the respondent's books, as well as the increase or decrease, should be reported on this schedule for each item; all entries on the balance sheet should be consistent with those shown on supporting schedules.
Page Nos. 7-8-9. Schedules A-1 to A-1.2 inclusive. - ANALYSIS OF UTILITY PLANT ACCOUNTS. The amounts applicable to the various account classifications shall be shown on this schedule. There shall be reported the balances in accounts 101, 102, 103, 104, 105, 106, 107 and 114, at the beginning ofthe year, total charges during the year, total credits during year, and the balances at the close of the year. The total of each classification and the total of all accounts should be in accord with the amounts shown on the Balance Sheet.
Page No. 1
Page No. 10. Schedule A-2 - ACCUMULATED PROVISIONS FOR DEPRECIATION OF UTILITY PLANT. The accrued depreciation applicable to the various account classifications shall be shown on this schedule. There shall be reported the balances at the beginning ofthe year, credits and debits during the year and the balance at the end ofthe year, which should be in accord with the amount shown on the Balance Sheet.
Page Nos. 11-12-13. Schedules A-2.1 to A-2.3 Inclusive. ANALYSIS OF ACCUMULATED PROVISIONS FOR DEPRECIATION OF UTILITY PLANT. State complete analysis as indicated.
Page No. 14. Schedule A-3 - ACCUMULATED PROVISIONS FOR AMORTIZATION OF UTILITY PLANT. The total amount of reserves at the beginning ofthe year, credits and debits during year and balance at the end of year for each classification of accounts should be reported on the schedule. Totals should be in accord with amounts shown on Balance Sheet.
Page I4-A. Schedule A-4-NON-UTILITY PLANT. Complete schedules as indicated.
Page No. 15. Schedules A-5 to A-6 inclusive. Indicate on these schedules a complete analysis for all corresponding items as appearing on the Balance Sheet.
Page No. 16. Schedules A-7 to A-9 inclusive. Sate complete analysis as indicated.
Page No. 17. Schedules A-10 to A-12 Inclusive. State complete analysis as indicated.
Page No. 18. Schedule A-I3 - UNAMORTIZED DEBT DISCOUNT AND EXPENSE. State complete analysis as indicated for each class and series of long-term debt.
Page No. 19. Schedule A-14 - EXTRAORDINARY PROPERTY LOSSES. State complete analysis of property abandoned, date of abandonment, date of Commission Authorization and period over which amortization Is being made.
Schedule A-15 - MISCELLANEOUS DEFERRED DEBITS. Complete as indicated.
Schedule A-I6 - DEFERRED REGULATORY COMMISSION EXPENSES. State complete analysis as indicated.
Page No. 20. Schedules A-17 to A-19 inclusive. State complete analysis as indicated.
Page No. 21. Schedule A-20 - CAPITAL STOCK EXPENSE. If any change occurred during the year, give particulars of the change. State the reason for any chargeofT of capital stock expense and specify the amount and account charged.
Page No. 22. Schedule A-21 - ANALYSIS OF APPROPRIATED RETAINED EARNINGS. State complete analysis as indicated.
Page No. 23. Schedule A-22 - ANALYSIS OF UNAPPROPRIATED RETAINED EARNINGS. State complete analysis as indicated.
Page No. 24. Schedule A-23 - LONG-TERM DEBT. State complete analysis as indicated for Bonds. Advances from Associated Companies and Other Long-Term Debt, which should be in accord with the amounts shown on the Balance Sheet.
Page No. 2
Page No. 25. Schedule A-24 - ACCRUED TAXES. There shall be reported the accrued tax amounts at the beginning of the year, taxes charged during the year and the balance at the end of year, which should be in accord with the amount shown on the Balance Sheet.
Page No. 26. Schedules A-25 to A-27 inclusive. State complete analysis as indicated.
Page No. 27. Schedule A-28 - UNAMORTIZED PREMIUM ON DEBT. State complete analysis as indicated on premiums applicable to each class and series of long-term debt.
Page No. 28. Schedules A-29 to A-31 inclusive. State complete analysis as indicated.
Page No. 29. Schedule B - ANALYSIS OF INCOME ACCOUNT. State complete analysis as indicated.
Page No. 30. Schedule B-1 - ANALYSIS OF GROSS OPERATING REVENUES. Slate complete analysis as indicated.
Page Nos. 31 -34. Schedule B-2 - ANALYSIS OF OPERATION AND MAINTENANCE EXPENSE ACCOUNTS. State complete analysis as indicated.
Page No. 35. Schedule B-3 - ANALYSIS OF TOTAL CORPORATION TAXES. State complete analysis as indicated.
Page No. 36. Schedule C - STATISTICAL INFORMATION. State complete analysis as indicated.
Page Nos. 37-38. Schedule D - MISCELLANEOUS DATA. Answer each question fully as indicated.
Page No. 39. Schedule E - CONTINGENT ASSETS AND LIABILITIES. Give a complete statement of significant contingent assets and liabilities at the close ofthe year.
Page No. 40. VERIFICATION. Complete as indicated.
Page No. 2A
Kauai Island Utility Cooperative-YE 12/31/10
state full and exact name of re Date of Incorporation Nature of Business Location of Main Business Off
Island and Districts in Which S
Name
Carol Bain
Stewart Burley
David Iha Secretary
Steve M. Rapozo
Allan A. Smith Treasurer
Ben Sullivan
Teofilo Tacbian Chairman
Jan TenBruggencate
Peter Yukimura 1st Vice Chair
Title
Randall J. Hee David J. Bissell David J. Bissell David Iha Allan Smith
ORGANIZATION AND CONTROL OF RESPOND
spondent making this report: Kauai Island L Novembers, 1999 Generate, purchase, distribute and sell electric energy ce 4463 Pahee S
Lihue, Hawaii ervice is Supplied: Entire Island o
Directors
Address
Kauai Island Utility Cooperative 4463 Pahee Street, Suite #1 Lihue, Hawaii 96766-2000
Kauai Island Utility Cooperative 4463 Pahee Street, Suite #1 Lihue, Hawaii 96766-2000
Kauai Island Utility Cooperative 4463 Pahee Street, Suite #1 Lihue, Hawaii 96766-2000
Kauai Island Utility Cooperative 4463 Pahee Street, Suite #1 Lihue, Hawaii 96766-2000
Kauai Island Utility Cooperative 4463 Pahee Street, Suite #1 Lihue, Hawaii 96766-2000
Kauai Island Utility Cooperative 4463 Pahee Street, Suite #1 Lihue, Hawaii 96766-2000
Kauai Island Utility Cooperative 4463 Pahee Street, Suite #1 Lihue, Hawaii 96766-2000
Kauai Island Utility Cooperative 4463 Pahee Street, Suite #1 Lihue, Hawaii 96766-2000
Kauai Island Utility Cooperative 4463 Pahee Street, Suite #1 Lihue, Hawaii 96766-2000
Principal Officer
Name
President & CEO (resigned 2/7/11) Interim President & CEO Chief Financial Officer Secretary Treasurer
Term Expires
2013
2012
2011
2012
2013
2012
2011
2013
2011
ENT
tillty Cooperative
to member-owners treet, Suite #1 96766-2000 f Kauai
Meetings Attended
During Year
22
21
20
22
19
22
22
17
21
Shares Owned Common
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Preferred
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
5
Date Appointed
Febmary 21, 2007 February 7, 2011 Julv 1.2006 March 30, 2010 March 30, 2010
Shares Owned Common
N/A N/A N/A N/A N/A
Prefen^ed N/A N/A N/A N/A N/A
Page 3
Kauai Island Utility Cooperative-YE 12/31/10
State total Amount of all Outstanding Stock at close of year: $ N/A - Electric Membership Cooperative Common Shares; par value $ Preferred Preferred
Shares: par value $_ Shares; par value $,
Amount Amount Amount
Does any class of securities carry any special privileges in any elections or in the control of corporate action? If so, describe each such class or issue, showing the character and extend of such privileges: None
If during the year the respondent acquired other companies or was organized in any respect or merged or consolidated with other companies, state in detail full particulars of such tran None
Furnish complete list showing all companies controlled by respondent, either directly or indirectly; None
Furnish complete list showing companies controlling respondent None
Name all kinds of business, other than Utility in which the respondent was engaged at any time during the year. If none, state so; None
State Commission's Docket, Order numbers and effective dates authorizing present classification of rate;
Classification
Residential Service General Ught & Power Service (Small Commercial) General Light & Power Service (Large Commercial) Large Power Primary Service Large Power Secondary Service Purchases from Qualifying facilities-IOOkw or less Street Lighting Standby, Auxiliary, Supplementary or Breakdown Svce Interruptible Contract Service
State precisely the period covered by this report:
Q Modified SL
Rider S Rider
January 1, 2010 to December 31, 2010
Docket No.
2009-0050 "
Order No.
Filed "
Effective Date
09/09/10 "
.. .1
.1
•' " "
Tariff Order 2009-0050
"
Filed Filed
'•
03/05/09 09/09/10
'•
" " "
State name, title, and address of officer in charge of correspondence relative to this report; Name David J. Bissell Title Interim President & Chief Executive Officer/ Financial Vice President & CFO. Kauai Island Utility Cooperative Address 4463 Pahee Street, Suite #1, Lihue, HI 96766-2000
Page 4
Kauai Island Utility Cooperative-YE 12/31/10
Schedule A COMPARATIVE BALANCE SHEET
ASSETS AND OTHER DEBITS Utility Plant
Utility Plant in Service Accumulated Provision for Deprec. & Amort.
Utility Plant Less Reserves
Construction Work in Progress Utility Plant Acquisition Adjustments Accum. Prov, for Amort, of Util. PIt.Acq.Adj.
Utility Plant Acquis. Adj. Less Reserves Other Utility Plant Adjustments
Total Utility Plant Less Reserves
Other Property and Investments Non-Utility Property Less Reserves Investment in Associated Companies Other Investments Special Funds
Total Other Property and Investments
Current and Accrued Assets Cash Special Deposits Working Funds Temporary Cash Investments Notes Receivable Customer Accounts Receivable Other Accounts Receivable Accumulated Prov. for Uncollect.Accts.-Cr. Receivables from Associated Companies Fuel Stock Residuals Materials and Supplies-Utility Materials and Supplies-Merchandise Materials and Supplies~Non-Utility Stores Expense Prepayments Interest and Dividends Receivable Rents Receivable Accrued Utility Revenues Miscellaneous Current and Accrued Assets
Total Current and Accrued Assets
Deferred Debits Unamortized Debt Discount and Expense Notes Receivable-SSPP Preliminary Survey and Investigation Charges Clearing Accounts Temporary Facilities Miscellaneous Deferred Debits Regulatory Commission Expenses
Total Deferred Debits TOTAL ASSETS AND OTHER DEBITS
Sched. No.
A-1 A-2
A-1 A-1 A-3
A-1
A-4 A-5
A-5-A A-6
A-7
A-8
A-9
A-10
A-11
A-12
A-13 A-14
A-15 A-16
Balance 1/1/10 Beg of Year
x x x x x x x x x x x $ 385,098,649
(195,951,611) 189,147,038
13,463,888 54,852,453
(15,722,870)
-
241,740,509
x x x x x x x x x x x
1,261,484
-1,261,484
x x x x x x x x x x x 2,855,100
9,710 2,000
51,709
10,534,914 1,490.460
(1,176,683)
1,587,725
11,732,716
1,196,222 7
7,275,331 -
35,559,211
x x x x x x x x x x x
-591,856
-
330,778 4,966,896 5,889,530
$ 284,450,734
Balance 12/31/10 Close of Year
x x x x x x x x x x x $ 396,023,652
(203,317,430) 192,706,222
11,789.712 54,852,453
(17.917,052)
-
241,431,335
x x x x x x x x x x x
1,246,742
-1,246,742
x x x x x x x x x x x 6,032.688
9,710 2,000
51,807
9.757.788 648,059
(711,029)
1,422,800
12,794,598
954,729 9
8,167,434 -
39,130,593
x x x x x x x x x x x
-1,419.628
3,858
417,179 4,494,625 6,335,290
$ 288,143,960
Increase or (Decrease)
x x x x x x x x x x x $ 10,925,003
(7,365,819) 3,559,184
(1,674,176) 0
(2,194,182)
-
(309,174)
x x x x x x x x x x x
(14,742) --
(14,742)
x x x x x x x x x x x 3.177,588
--98
(777,126) (842,401) 465.654
(164,925)
1,061,882
(241.493) 2
892,103 -
3,571,382
x x x x x x x x x x x
-827,772
3,858
86,401 (472,271) 445,760
$ 3,693,226
Pages
Kauai Island Utility Cooperative-YE 12/31/10
Schedule A COMPARATIVE BALANCE SHEET
LIABILITIES AND OTHER CREDITS Proprietary Capital
Common Stock Issued Preferred Stock Issued Capital Stock Subscribed Patronage Capital Memberships Other Equities & Retired Capital Credits Capital Stock Expense Appropriated Retained Earnings Unappropriated Retained Earnings Reacquired Capital Stock
Total Proprietary Capital Division Capital Long-Term Debt
Bonds Advances from Associated Companies Other Long-Term Debt
Other Long-Term Debt
Current and Accrued Liabilities Notes Payable Accounts Payable Payables to Associated Companies Customer Deposits Taxes Accrued Interest Accnjed Patronage Capital Payable Matured Long-Term Debt Tax Collections Payable Misc. Cun'ent and Accrued Liabilities
Total Current and Accrued Liabilities
Deferred Credits Unamortized Premiums on Debt Customer Advances For Construction Other Deferred Credits Accumulated Deferred Investment Tax Cr.
Total Deferred Credits
Operating Reserves Property Insurance Reserve Injuries and Damages Reserve Pensions and Benefits Reserve Miscellaneous Operating Reserve
Total Operating Reserves Contributions in Aid of Construction
Accumulated Deferred Income Taxes Accum Def Inc Taxes-Lib. Depr. Accum Def Inc Taxes-Other
Total Accum Def Inc Taxes TOTAL LIABILITIES AND OTHER CREDITS
Sched. No.
A-17 A-18
A-20 A-21
A-19
A-22
A-23 A-23 A-23
A-24
A-24 A-25
A-28 A-26 A-27 A-30
A-31
A-29 A-29
Balance 1/1/10 Beg of Year
x x x x x x x x x x x
-
$ 51,316,308 391
951.678 ----
52.268,377 -
--
192,820.610 192,820,610
x x x x x x x x x x x 2.000.000 7.438.615
1,137,879 4,947,846
105,142 18,476
8,875,500 -
4,457,987 28,981,445
x x x x x x x x x x x
3,693,275 6.687,027
-10,380,302
x x x x x x x x x x x
--
x x x x x x x x x x x
--
$ 264,450,734
Balance 12/31/10 Close of Year
x x x x x x x x x x x
-
$ 59.755.656 409
1,162,490 ----
60,918,555 -
--
188,520.589 188,520,589
x x x x x x x x x x x
7,337,948
1,048,833 7,203,240
96,417 22,895
9,261,000 -
4,106,209 29,076,542
x x x x x x x x x x x
3.664,968 5,963,306
-9,628,274
x x x x x x x x x x x
--
x x x x x x x x x x x
--
$ 288,143,960
Increase or Decrease
x x x x x x x x x x x
-
$ 8.439.348 18
210,812 ----
8,650,178 -
--
(4,300,021) (4,300,021)
x x x x x x x x x x x (2,000,000)
(100,667)
(89,046) 2,255,394
(8,725) 4,419
385,500 -
(351.778) 95,097
x x x x x x x x x x x
(28,307) (723,721)
-(752,028)
x x x x x x x x x x x
--
x x x x x x x x x x x
--
$ 3,693,226
Page 6
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Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-4 NON-UTILITY PLANT
DESCRIPTION - NON-UTILITY ASSETS
1211 Land and Land Rights 1212 Structures and Improvements 1213 Furniture and Equipment
TOTAL
Balance Beginning
of Year 0 0 0
0
Debits During Year
0
Credits During Year
0
Balance Close of Year
0 0 0
0
Schedule A-4 RESERVE FOR DEPRECIATION
NON-UTILITY PLANT
DESCRIPTION NON-UTILITY ASSETS
1211 Land and Land Rights 1212 Structures and Improvements 1213 Furniture and Equipment
TOTAL
Balance Beginning
of Year 0 0 0
0
Debits Durijig Year
0
Credits During Year
0
Balance Close of Year
0 0 0
0
Page 14a
Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-5 INVESTMENT IN ASSOCIATED COMPANIES
DESCRIPTION OF ITEM
CFO Loan Capital Term Certificates CFC Patronage Capital CFC SCTC's CFC Membership Fee CFC Member Capital Securities NISC Patronage Capital Ruralite Patronage Capital Economic Development Loan - NTBG Economic Development Loan - Island School Revolving Loan Fund Loan - Hale Opio
TOTAL
Date Acquired 12/17/03
N/A N/A
12/30/99 03/02/09
N/A N/A
03/17/08 09/04/08 03/06/08
x x x x x x
Date of Maturity 01/01/24
N/A N/A N/A
03/02/44 N/A N/A
03/17/18 09/04/18 03/06/18
x x x x x x
Amount
164,800 119,122 73,975
1,000 250,000
884 0
271.875 290,625
74,461
1,246,742
Book Cost End of Year
0 0 0 0 0 0 0 0 0 0
0
Revenues For Year
0 30,046
1,743 0
18,750 420
9,549 0 0
816
61,324
Gain or Loss from Investment
0 0 0 0 0 0 0 0 0 0
0
Schedule A-5-A OTHER INVESTMENTS
DESCRIPTION OF ITEM
NONE
TOTAL
Date Acquired
x x x x x x
Date of Maturity
x x x x x x
Amount
0
Book Cost End of Year
0
Revenues For Year
0
Gain or Loss from
Investment
0
Schedule A-6 SPECIAL FUNDS
NAME AND PURPOSE OF FUND
NONE
TOTAL
Balance End of Year
0
Page 15
Kauai IslantJ Utility Cooperative-YE 12/31/10
Schedule A-7 SPECIAL DEPOSITS
DESCRIPTION AND PURPOSE OF DEPOSIT
Deposit - Bank of Hawaii Savings Certificate Deposit - Department of Land and Natural Resources
TOTAL
Balance End of Year
1,376 8,334
9,710
Schedule A-8 TEMPORARY CASH INVESTMENTS
DESCRIPTION OF ITEM
CFC Daily Fund
TOTAL
Par or Stated Value
51,807
51,807
Book Cost End of Year
51,807
51,807
Ledger Value 51,807
51,807
Revenues For Year
99
99
Schedule A-9 ACCUMULATED PROVISION FOR UNCOLLECTIBLE ACCOUNTS-CR.
ITEM
Balance Beginning of Year Prov. for Uncollectibles for Year Accounts Written Off Collection of Accts. Written Off Adjustments: (Explain)
Transfer prior v riteoff of bankrupt accounts
Balance End of Year
Utility Customers
566,412 154,332
(266,271) 29,191
0
(83,430)
400,234
Merchandise, Jobbing and
Contact Work 610,271
9,824 0
(309,300) 0
310.795
Officers and
Employees
0
Other
0
Total
1,176,683 164,156
(266,271) (280,109)
0
(83,430)
711,029
Page 16
Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-10 FUEL STOCK
Beginning of Year (excludes fuel for vehicles)
Purchased During Year:
Consumed During Year:
End of Year
Balance End of Year
Total Cost 1,587,725
68,734.771
68,899,696
1.422,800
Naphtha Barrels
9.840
376,280
377,509
8,611
Cost 839,112
33,290,814
33,286,493
843.433
Diesel Barrels
7,304
335,452
335,588
7.168
Cost 725,434
34,676,647
34,829,270
572.811
Schedule A-11 PREPAYMENTS
NATURE OF PAYMENTS
Prepaid Other
Prepaid Rent
Prepaid Insurance
TOTAL
Balance End of Year
79,407
99,967
1,016,848
1.196.222
Schedule A-12 MISCELLANEOUS CURRENT AND ACCRUED ASSETS
DESCRIPTION OF tTEM
NONE
TOTAL
Balance End of Year
0
Used Oil Barrels
265
9,952
10.117
100
Cost 23.179
767,310
783,933
6,556
Page 17
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Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-14 EXTRAOROINARY PROPERTY LOSSES
DESCRIPTION OF ITEM
NONE
Total
Total Amount of Loss
Previously Written Off
Written Off During Year Ac. Charged Amount
Balance End of Year
Schedule A-15 MISCELLANEOUS DEFERRED DEBITS
DESCRIPTION OF OTHER DEFERRED DEBITS
Other Work-in-Progress Stimulus Programs
TOTAL
Schedule A-16 DEFERRED REGULATORY COMMISSION EXPENSES
DESCRIPTION OF CASE
(A) Inikt Deferred Depreciation -HPUC D8,0 12064 dated 12/9/92 pg. 7 being amortized over 28 years beginning 10/1/96.
(B) FASB106 - HPUC D&O 13659 dated 11/29/94 amortized over 18 years beginning 1/1/95.
(C) DSM proiect costs and recoveries - HPuC D&O 15733 dated 8/5/97 (D) IRP proiect costs and recoveries - HPUC D&O 15733 dated 8/5/97 (E) Solar Water Heating Pay-As-You-Save - HPUC D&O 23531 dated 6/29/07 (F) 2009 Rate Case (G) Pension Costs Tracking
Total Expenses of Case
$ 3,726.252
206,937
1.938,842
$ 5,872,031
Amortization Previous Year $ 292,260
68,988
-
$ 361,248
Current Year $ 292,260
68.988
1,079,342
$ 1,440,590
Balance End of Year
353,147 64,032
417,179
Balance End of Year
$ 3,433,992
137,949
260,296 (312.229)
61,391 859.500
53,726
$ 4,494,625
Page 19
Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-17 COMMON STOCK ISSUED
DESCRIPTION
NONE
Total
Par or Stated Value
Per Share
0
Number of Shares At End of Year
Authorized
0
Outstanding^
0
Book Liability Actually Outstanding
At End of Year
0
Premium or Discount
0
Schedule A-18 PREFERRED STOCK ISSUED
Series
NONE
Dividend Rate
Total
Face Amount
0
Date of issue
0
Date of Maturity
Premiums or Discount
Amount Actually Outstanding
0
Schedule A-19 REACQUIRED CAPITAL STOCK
CAPITAL STOCK
NONE
Total
Number of Shares
Reacquired
0
Cost Per Share Reacquired
0
Balance End of Year
0
Page 20
Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-20 CAPITAL STOCK EXPENSE
CLASS AND SERIES OF STOCK
NONE
Total
Balance End of Year
0
Page 21
Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-21 ANALYSIS OF APPROPRIATED RETAINED EARNINGS
ITEM
CREDITS Give nature of each credit and account charged:
NONE
Total Credits
DEBITS Give nature of each credit and account charged:
NONE
Total Debits
BALANCE END OF YEAR
Account
x x x x x x x x x x x
x x x x x x x x x x x
x x x x x x x x x x x
x x x x x x x x x x x x x x x x x x x x x x
x x x x x x x x x x x
x x x x x x x x x x x
Amount
x x x x x x x x x x x
--
x x x x x x x x x x x x x x x x x x x x x x
-
•
Page 22
Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-22 ANALYSIS OF UNAPPROPRIATED RETAINED EARNINGS (DIVISION CAPITAL)
Retained Earnings, Beginning of Year
TOTAL CREDITS
TOTAL DEBITS
RETAINED EARNINGS ~ End of Year
Amount -
-
-
-
-
Increase or (Decrease) From Preceding Year
-
-
-
Page 23
Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-23 LONG-TERM DEBT
CLASS AND SERIES OF OBLIGATION
Rural Utility Service (RUS) Rinancinq less: RUS Cushion of Credit
RUS/FFB-KPP Purchase Financing
Natl Rural Utility Coop Finance Corp (CFC) (KPP Purchase)
less: Current Maturities of Long-term Debt
Interest Expense on Customer Deposits Other Interest Expense - LOG
Total
Date of Issue
11/01/02
10/19/04
12/18/03
X X X XX XX
Maturity Date
10/31/27
12/31/23
12/17/23
X X X X X X X
Amount Authorized
-
Amount Outstanding
$ 175.908,136 $ (10,154.516)
$ 26,221.746
5,806,223
(9,261,000)
$ 188.520.589
Interest Expense For the Year
$ 7,797,447
$ 1,076,411
187.464
80,017 83,859
$ 9.225,198
PREMIUM OR DISCOUNTI Balance
End of Year
-
Amortized During Year
-
Page 24
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Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-25 MISCELLANEOUS CURRENT AND ACCRUED LIABILITIES
Description
FAS-158 Accumulated Post-Retirement Benefit Obligation Liability NBU & BU Employees Vacation Accrual NBU & BU Accrued Payroll Energy Rate Adjustment Transportation Expense Clearing
Total
Balance End of Year
$ 1,980,600 597,873
1,527,770 -(34)
$ 4,106,209
Schedule A-26 CUSTOMER ADVANCES FOR CONSTRUCTION
Item
Balance Beginning of Year Advances By Customers Refunds To Customers
Transferred to CIAC Balance End of Year
Debit Credit Amount
$ 3,693,275 471,525 (401,348)
(98,484) $ 3.664,968
Schedule A-27 OTHER DEFERRED CREDITS
Description of Deferred Credits
Iniki Deferred Depreciation (Contra) Schedule A-16 Hitachi Major Overhaul Boiler Overhaul Steam Turbine/Plant Auxiliary Gas Turbine Overhaul KPS Overhaul RUS Rural Economic Development Grant
Total
Balance End of Year
$ 3,433,992 163,280 106,170 147,348 355,994 835,983 920,539
$ 5,963,306
Page 26
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Kauai Island Utility Cooperative-YE 12/31/10
Schedule A-29 ACCUMULATED DEFERRED INCOME TAXES
ITEMS NONE
Total
Balance Beginning of Year
-----------
Changes During Year Amts. Debited
-----------
Amts. Credited -----------
Balance End of Year
-----------
Schedule A-30 ACCUMULATED DEFERRED INVESTMENT TAX CREDITS
ITEMS NONE
Total
Balance Beginning of Year
-
-
Changes Amts. Debited
-
-
During Year Amts. Credited
-
-
Balance End of Year
-
-
Schedule A-31 CONTRIBUTIONS IN AID OF CONSTRUCTION
Balance Beginning of Year
NONE
Balance End of Year
Debits Credits Amount $
-
---
$ -
Page 28
Kauai Island Utility Cooperative-YE 12/31/10
Schedu le B ANALYSIS OF INCOME ACCOUNT
ACCOUNT TITLE
UTILITY OPERATING INCOME Operating Revenues Operating Expenses
Operating Expense Maintenance Expense Depreciation Expense Amortization of Utility Plant Amortization of Utility Plant Acquis. Adj. Amortization of Property Losses Taxes Other Than Income Taxes Income Taxes
Provision for Deferred Income Taxes Provision for Deferred Investment Tax Or. Income Taxes Deferred in Prior Yrs.-Cr. Amortization of Def. Investment Tax Cr.-Cr.
Total Operating Expenses
Operating Income
Income from Utility Plant Leased to others
Total Operating Income
OTHER INCOME Income from Mdse., Jobbing & Contract W/ork (Net) Capital Credits & Patronage Non-operating Rental Income Interest & Dividend Income Allowance for Funds Used During Construction Miscellaneous Non-operating Income
Total Other Income OTHER INCOME DEDUCTIONS
Miscellaneous Amortisation Miscellaneous Income Deductions
Total Other Income Deductions Total Other Income and Deductions
INTEREST CHARGES
Interest on Long-Term Debt Amortization of Debt Discount & Expense Amortization of Premium on Debt Or. Interest on Debt to Associated Companies Other Interest Expenses
Total Interest Charges Income Before Extraordinary Items
EXTRAORDINARY ITEMS Extraordinary Income Extraordinary Deductions Income Taxes, Extraordinary Items
Total Extraordinary Items
NET MARGINS
Sched. No.
B-1
B-2
B-2
B-3 B-3 B-3
Amount
$ 155,254,043
98,332,202 10,779,134 12,401,232
2,194,182
13,047,862
136,754,612
18,499,431
18,499,431
47,509 40,015 77,015
637,917
816 803,271
121,383
121,383
681,889
9,061,322
163.876 9,225,198
9,956.122
$ 9.956.122
Increase (Decrease)
From Previous Year
$ 25,592,608
20,721,939 656,615
(2,140,919)
-
2,109,256
21,346,891
4,245,717
4,245,717
1,288 290
7,761 (147,946)
(39,343) (177,951)
44,220
44,220
(222,170)
(441,015)
82,197
(358,818)
4,382,365
$ 4.382.365
Page 29
Kauai Island Utility Cooperative-YE 12/31/10
Schedule B-1 ANALYSIS OF GROSS OPERATING REVENUES
Utility Department
ACCOUNT TITLE
Operating Revenues:
Residential Comb. Lighting, Heating and Small Power "D" General Lighting Service "0" General Lighting Service "G" General Lighting Service "J" Large Power "P" Large Power "L" Optional Power Industrial Contract Governmental Street, Highway & Park Lighting "SL" Eiectric Service for Employees "E" Irrigation
Sub-Total Other Operating Revenues:
Late Payment Fees Miscellaneous Service Revenues Rent From Property Other Revenues
Sub-Total
Total Gross Operating Revenues
Current Year
$ 58,488.332
22,536,553 18.708,703 38,937,220 14,896,041
1,381,050 111,316 35,886
$ 155,095,101
120,199 34.011 4,732
$ 158,942
$ 155,254,043
Previous Year
$ 48,458.840
18,738,834 15,861,517 32,715,713 11,999,215
1,160,789 301,053 264.087
$ 129,500,048
117,312 33,772 10,303
$ 161,387
$ 129,661,435
Page 30
Kauai Island Utility Cooperative-YE 12/31/10
Schedu le B-2
ANALYSIS OF OPERATION AND MAINTENANCE EXPENSE ACCOUNTS
ACCOUNT TITLE
POWER PRODUCTION EXPENSES Steam Power Generation
Operation 500 Operation Supervision and Engineering
501 Fuel
502 Steam Expenses 503 Steam from Other Sources
504 Steam Transferred~Cr.
505 Electric Expenses
506 Miscellaneous Steam Power Expenses
507 Rents
Total Operation
Maintenance
510 Maintenance Supervision and Engineering
511 Maintenance of Structures 512 Maintenance of Boiler Plant
513 Maintenance of Electric Plant
514 Maintenance of Miscellaneous Steam Plant
Total Maintenance
Total Steam Power Generation
Hydraulic Power Generation
Operation 535 Operation Supervision and Engineering
536 Water for Power
537 Hydraulic Expenses
538 Electric Expenses 539 Misc. Hydraulic Power Generation Expenses
540 Rents
Total Operation
Maintenance 541 Maintenance Supervision and Engineering
542 Maintenance of Structures 543 Maintenance of Reservoirs, Dams and Watenways
544 Maintenance of Electric Plant
545 Maintenance of Miscellaneous Hydraulic Plant
Total Maintenance
Total Hydraulic Power Generation
Other Power Generation
Operation
546 Operation Supervision and Engineering 547 Fuel 548 Generation Expenses
549 Miscellaneous Other Power Generation Expenses 550 Rents
Total Operation
Current Year
837,631
771,614
474
1,609,718
16,106 139,363 84,039 75,897
315,405
1,925,123
37,737
37,737
242,745
11,125
253,870
291,607
636,791 68,899,697
2,970,201 802.200
73,308,889
Previous Year
716,535
775,535
2,778
1,494,848
23,143
210,016 83,556 68,486
385,203
1,880,051
37,320
37,320
258,906 35,108
294,014
331,334
558,424 51,952,273
2,776.138 909,791
56,196,626
Page 31
Kauai Island Utility Cooperative-YE 12/31/10
ANALYSIS OF OPERATION A N D MAINTENANCE EXPENSE A C C O U N T S - (Cont inued)
ACCOUNT TITLE
Maintenance 551 Maintenance Supervision and Engineering 552 Maintenance of Structures 553 Maintenance of Generating and Electric Plant 554 Maint. of Misc. Other Power Generation Plant
Total Maintenance
Total Other Power Generation
Other Power Supply Expenses 555 Purchased Power 556 System Control and Load Dispatching 557 Other Expenses
Total Other Power Supply Expenses ,
TOTAL PRODUCTION EXPENSES
TRANSMISSION EXPENSES Operation
560 Operation Supervision and Engineerinq 561 Load Dispatching 562 Station Expenses 563 Overhead Line Expenses 564 Underground Line Expenses 565 Transmission of Electricity by Others 566 Miscellaneous Transmission Expenses 567 Rents
Total Operation Maintenance
568 Maintenance Supervision and Engineering 569 Maintenance of Structures 570 Maintenance of Station Equipment 571 Maintenance of Overhead Lines 572 Maintenance of Underground Lines 573 Maintenance of Miscellaneous Transmission Plant
Total Maintenance
TOTAL TRANSMISSION EXPENSES
DISTRIBUTION EXPENSES Operation
580 Operation Supervision and Engineering 581 Load Dispatching 582 Station Expenses 583 Overhead Line Expenses 584 Underground Line Expenses 585 Street Lighting and Signal System Expenses 586 Meter Expenses 587 Customer Installations Expenses 588 Miscellaneous Distribution Expenses 589 Rents
Total Operation
Current Year
731,944 166,596
5,702,100
6,600,639
79,909,529
4,446,722 239,655
4,686,377
86,812,636
1,955
105,073 31,379
185,530 74,727
398,664
340,523 332,285
672,808
1,071,472
3,681
120,401 72,373 18,950
567,975
526,132 12,647
1.322.158
Previous Year
657,718 120,028
5,293,562
6,071.308
62,267.934
3,863,145 251,162
4.114,307
68,593,626
1,433
70,087 27,493
194,119 52,300
345.432
424.636 259,873
684.509
1.029.941
1,711
89,696 73,191 11,044
623,009
539,663 12,370
1.350.684
Page 32
Kauai Island Utility Cooperative-YE 12/31/10
ANALYSIS OF OPERATION AND MAINTENANCE EXPENSE ACCOUNTS- (Continued)
ACCOUNT TITLE Maintenance
590 Maintenance Supervision and Engineering 591 Maintenance of Stmctures 592 Maintenance of Station Equipment 593 Maintenance of Overhead Lines 594 Maintenance of Underground Lines 595 Maintenance of Line Transformers 596 Maintenance of Street Lighting & Signal Systems 597 Maintenance of Meters 598 Maintenance of Miscellaneous Distribution Plant
Total Maintenance
TOTAL DISTRIBUTION EXPENSES
TOTAL TRANSMISSION & DISTRIBUTION EXPENSES
CUSTOMER ACCOUNTS Operation
901 Supervision 902 Meter Reading Expenses 903 Customer Records and Collection Expenses 904 Uncollectible Accounts 905 Miscellaneous Customer Accounts Expenses 907-912 Additional Customer Accounts Expenses
TOTAL CUSTOMER ACCOUNTS
SALES EXPENSES Operation
911 Supervision 912 Demonstratinq and Selling Expenses 913 Advertising Expenses 914 Revenues from Merchandising, Jobbing and
Contract Work 915 Costs and Expenses of Merchandising,
Jobbina and Contract Work 916 Miscellaneous Sales Expenses
TOTAL SALES EXPENSES
ADMINISTRATIVE AND GENERAL EXPENSES Operation
920 Administrative and General Salaries 921 Office Supplies and Expenses 923.30 Administrative Office Expenses 923 Outside Services Employed 924 Property Insurance 925 Injuries and Damages 926 Employee Pensions and Benefits 927 Franchise Requirements 928 Regulatory Commission Expenses 929 Duplicate Charqes-Cr. 930 Miscellaneous General Expenses 931 Rents
Total Operation
Cun'ent Year
3,130
334,115 1,802,103
338,323 -
53.347 3.566
2,534,584
3.856,742
4,928,214
384.343 410,034
1,552,901 164,260
706,946 3,218,484
-
5,062,861 1,178,277
2,256,744 567.522
2,414,081
868.178 1,402,512
13,750,175
Previous Year
4,717
264,027 1,672,443
275,576 50
73,308 4,598
2,294,719
3,645,403
4,675,344
364,322 406,154
1,400,820 136.701
888,082 3,196,079
-
4,843,483 976.759
1,206.962 574,574
1,011,629
833,680 1,427,880
10,874,967
Page 33
Kauai Island Utility Cooperative-YE 12/31/10
ANALYSIS OF OPERATION AND MAINTENANCE EXPENSE ACCOUNTS-- (Continued)
ACCOUNT TITLE Maintenance
935 Maintenanceof General Plant
TOTAL ADMIN. & GENERAL EXPENSES
TOTAL OPERATING EXPENSES
TOTAL OPERATION EXPENSES
TOTAL MAINTENANCE EXPENSES
Current Year
401,828
14,152,002
109,111,336
98,332,202
10,779,134
Previous Year
392,766
11,267,733
87,732,782
77,610,263
10,122,519
Page 34
Kauai Island Utility Cooperative-YE 12/31/10
Schedule B-3 ANALYSIS OF TOTAL CORPORATION TAXES
DESCRIPTION OF TAX
STATE TAXES: Income Tax Use Tax General Excise Tax Franchise Tax Unemployment Tax Public Service Company Tax Property Tax
Total State Taxes
FEDERAL TAXES: Income Tax F.I.C.A. Unemployment Tax Vehicle Use Capital Gains
Total Federal Taxos
FEES AND LICENSES: Motor Vehicle Tax Public Utility Fee
Total Fees and Licenses
TOTAL CORPORATION TAXES
Rate Total Taxes
Charged During Year
(16,048) 279,670
51,214 3,887,025
49,810 9,150,056
5,907 ---
13,407,634
4,114 1,047,851
9,268 ----
1,061,233
21,275 777,405
--
798,680
$ 15,267,547
DISTRIBUTION OF TAXES 1 Tax
Expense
51,214 3,876,767
9,125,908 5,907
13.059,796
-
-
$ 13,059,796
Income Taxes
(16,048)
(16,048)
4,114
4,114
-
$(11,934)
Charged To Plant
139,835
9,464
149,299
199,092 1,761
200,853
-
$350,152
Other Accounts
139,835
10,258 40,346 24,148
214,587
848.759 7,507
856,266
21,275 777,405
798,680
$ 1,869,533
Non-Utility
-
-
$ -
Page 35
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Kauai Island Utility Cooperative-YE 12/31/10
Schedule D MISCELLANEOUS DATA
Electric Utilities State whether Electric energy is generated If purchased, state from whom: State terms and duration of contract;
State contract price per K.W. Hr.
or purchased Generated and Purchased Gay & Robinson, Kekaha Aq Association, Kauai Coffee Co. Doc. 4163, D&O 6528 approved in 1981 : Doc. 4284, D&O 6684 approved in 1981; Doc. 4996, D&O 7801 approved in 1984; Doc. 97-0213. Various prices - as per contracts approved above.
D&O 16396 approved in 1998.
Generating Stations
LOCATION OF STATIONS
Ron Allen. Kauai Port Allen. Kauai Port Allen, Kauai Port Allen, Kauai Port Allen, Kauai Kapaia Power Station Upper and Lower Waiahi
TOTALS
State generation capacity State peak demand State whether service supplied is "A-C" or
MOTIVE POWER
No. of Units 1 2 3 2 4 1 2
122,550 KW 76,540 KW
"D-C" State average daily maximum toad on outgoing lines
* State total bbls. fuel oil: Purchased 721,685
A-C N/A
; Consumed ' State total cost fuel oil; Purchased $ 68,734,771 : Cost per bbl • State total cost fuel oil: Consumed $ 68,899,696 ; Avg. cost per
State total fuel oil adiustment Revenues $ 31,618,442 ; Bbl. consumed Cost of fuel oil per K.W.Hr: Generated $ $0.16199 ; per K.W. Hr. sold $ How often are meters tested? Give details Meters are tested per Rule No. 11A
State Peak Demand and Date of Peak for Each Month Date Peak
Jan Feb Mar Apr May June
01/26/10 02/24/10 03/09/10 04/07/10 05/12/10 06/17/10
71,230 68,180 68,330 69,140 67.950 68,440
Jul Aufl Sep Oct Nov Dec
Tvoes of Unit Steam Diesel Diesel Gas Turbine Diesel Steam-lniected Gas Turbine Hydro
K.W. Hrs. 723,216 On hand $95.24 $95.27 17,219
$0.15856 How many tested?
Date 07/29/10 08/09/10 09/23/10 10/21/10 11/09/10 12/28/10
Rated Capacity in
K.W 10.000 4,000 8.250
40.100 31,400 27,500
1,300
122,550
15.880
1,652
Peak 70,350 70,400 69.850 71,820 71,930 76.540
• diesel & naphtha combined
Page 37
Kauai Island Utility Cooperative-YE 12/31/10
Schedule D (Continued) MISCELLANEOUS DATA
Transmission Substations
LOCATION
Princeville Princeville Kapaa Kapaa Lihue Sw. Station Lihue Sw. Station Lawai Port Allen Port Allen Port Allen Port Allen Kaumakani Port Allen Koloa Switchyard Koloa Switchyard Mana Kekaha Switchyard Kekaha Switchyard Port Allen Wainiha KPS Kapaia Puhi Puhi Lydgate Lydqate Kamanu
TOTAL
TRANSFORMERS
Voltages 69.0/12.47 69.0/12.47 69.0/12.47 69.0/12.47 69.0/12.47 69.0/13.2
69.0/57.1/12.47 66.0/12.47
4.16/57.1/69.0 13.8/57.1/69.0 13.8/57.1/69.0
69.0x57.1/12.47 13.8/69.0
69.0/57.1/12.47 69.0/12.47
69.0/57.1/12.47 57.1/12.47
69.0x57.1/12.47 69.0/57.1/12.47
69.0/12.47 69.0/13.8 69.0/12.47 12.47/4.16 12.47/4.16 69.0/12.47 69.0/12.47 69.0/12.47
x x x x x x x x x x
No. of Transformers
2
2
29
Rating 10,000 10,000 10,000 10,000 10,000 7,500 7,500
10,000 10,000 20,000 20,000 3,750
15,000 7,500 7,500 7,500 5,000 7.500 7,500 1,500
21,000 10,000
750 500
10,000 10,000 10,000
<xxxx>
Substation Ratings
10,000 10,000 10,000 10,000 20,000 7,500 7,500
10,000 10,000 20,000 20,000 3,750
30,000 7,500 7,500 7,500 5,000 7,500 7,500 1,500
21,000 10,000
750 500
10,000 10,000 10,000
275,000
Distribution Substations
LOCATION
Port Allen Plant Puhi Puhi Molokoa Wainiha Waiahi (Lower) Waiahi (Upper)
TOTAL
TRANSFORMERS
Voltages
4.16/12.47 12.47/4.16 12.47/4.16 12.47/4.16 12.47/2.4 12.47/2.4 12.47/2.4
x x x x x x x x x x
No. of Transformers
1 1 1 2 1 1 1
8
Rating
5,000 500 500 300
1,500 1,500
750
<xxxx>
Substation Ratings
5,000 500 500 600
1,500 1,500
750 -
10,350
Page 38
Kauai Island Utility Cooperative-YE 12/31/10
Schedule E CONTINGENT ASSETS AND LIABILITIES
Commitments: NONE
Page 39
Kauai Island Utility Cooperative- YE 12/31/10
VERIFICATION
I swear (or declare) that the foregoing report has been prepared under my direction, from the original books, records and documents of the respondent corporation; that I have carefully examined the foregoing report; that I believe to the best of my knowledge and information, all statements of fact and all accounts and figures contained in the foregoing report are true; that the said report is a correct and complete statement of the business, affairs and all operations of the respondent corporation during the period for which said report
has been prepared.
Uh City or Town Jignatur^ of Officer
Date Title of Officer
Subscribed and sworn to before me this /(^'^ dav of Mar&h -.20. / /
S'pAlrx
OMN
' "» i7 i i i»«*
kmffJhwf ^ K.tMKjiOl^Ji^aiLJlf-'VmJiQ.—
Notary Public
& ^ Judicial Circuit State of Hawaii
My Commission Expires US Q s / 0 0 ( \
tkun^iMtitimm
Page 40
Kauai island Utility Cooperative-YE 12/31/10
KAUAI ISLAND UTILITY COOPERATIVE INCOME STATEMENT
2006-2010 2010 2009 2008 2007 2006
KWH SALES
REVENUE ENERGY SALES FUEL OIL CLAUSE TOTAL (2+3) OTHER UTILITY REVENUE TOTAL OPERATING REVENUE (4+5)
OPERATING EXPENSES FUEL OTHER PRODUCTION DISTRIBUTION CUSTOMER SALES ADMINISTRATIVE & GENERAL TOTAL OPERATION (8 TO 12)
MAINTENANCE EXPENSES PRODUCTION DISTRIBUTION GENERAL TOTAL MAINTENANCE (14 TO 16) TOTAL OPERATION & MAINTENANCE (13+17)
TOTAL OPERATING EXPENSES (7+18)
DEPRECIATION & AMORTIZATION TAXES OTHER THAN INCOME INCOME TAXES INCOME TAXES DEFERRED TOTAL OPERATING EXPENSES (19 TO 23)
OPERATING MARGINS (6-24)
434,533,319 436.273,236 453,790,517 466,895,789 452,079,711
$ 123,476,659 $ 85,915,304 $ 80,238,612 $ 92,697,892 $ 81.651,629 31,618,442 43,584,744 109,212.444 70,185,972 64,232,415
155.095,101 158,942
129,500,048 161,387
189,451.056 174.072
162,883,864 163,931
145,884,044 165,625
$ 155,254,043 $ 129,661,435 $ 189,625,128 $ 163,047,795 $ 146.049,669
$ 68,899,697 $ 51,952,273 $ 98,149,044 $ 76,293,608 $ 63,747,649 10,743.024 9.890,828 12,357,170 9,824,561 10,715,573
1,720,822 1.696,116 1,687,118 2,058,325 2,018,867 3,218,484 3.196,079 3,320,211 3,426,949 2,912,174
13,750,175 10,874,967 11,799,584 10,843,332 10.443,046 $ 29.432,505 $ 25,657,990 $ 29,164,083 $ 26,153,167 S 26,089,660
7,169.914 $ 3,207,392
401.828
6,750.525 $ 2,979.228
392,766
8,017,022 $ 2,902,114
387,211
6,918,520 $ 7,188,519 2,700,592 2,405,954
457.576 331,461 $ 10,779,134 $ 10.122.519 $ 11,306,347 $ 10,076.688 $ 9.925,934 $ 40,211,639 $ 35,780,509 $ 40,470,430 $ 36,229,855 $ 36,015,594
$ 109.111,336 $ 87,732,782 $ 138,619.474 $ 112,523,463 $ 99,763,243
14,595,414 13,047,862
16,736.333 10,938.606
16,450,486 16,026,840
16,207,749 13,763.799
15,898,030 12.370,372
$ 136,754.612 $ 115,407,721 $ 171,096,800 $ 142,495,011 $ 128,031,645
$ 18,499,431 $ 14,253.714 $ 18.528,328 $ 20,552,784 $ 18.018.024
MISCELLANEOUS INCOME-NET MISCELLANEOUS INCOME DEDUCTIONS TOTAL UTILITY INCOME (25+26-27)
INTEREST EXPENSE INTEREST DURING CONSTRUCTION AMORT. DEBT PREMIUM & EXPENSES BOND INTEREST SHORT TERM INTEREST LONG TERM INTEREST OTHER INTEREST EXPENSE TOTAL (29 TO 34)
$
$
$
763,172 81,283
19,181,320
----
9,061,322 163,876
9,225,198
$
$
$
981,222 77,163
15,157,773
----
9,502,337 81,679
9,584,016
$
$
$
1,127.217 96.523
19,559.022
----
9,940,742 64,683
10,005,425
$
$
$
1,672,441 132,330
22,092,895
----
10,167,301 59,563
10,226,864
$
$
$
1,684,240 118,693
19.583,571
----
10,417,267 48,444
10,465,711
NET MARGINS (28-35) CAPITAL CREDITS & PATRONAGE DIVIDENDS AVAILABLE FOR COMMON (36-37)
NET MARGINS (38-39)
$ 9,956,122 S 5,573,757 $ 9,553,597 $ 11,866,031 $ 9,117,860
9,956,122 5,573,757 9,553,597 11,866.031 9,117,860
$ 9,956.122 $ 5.573.757 $ 9,553,597 $ 11,866.031 $ 9,117.860
l o t s
2010 KEPUC5yrstat-attachment.xls
KAUAI ISLAND UTILITY COOPERATIVE BALANCE SHEET
2006-2010
Kauai Island Utility Cooperative-YE 12/31/10
ASSETS & OTHER D F B I T S
UTILITY PLANT UTILITY PLANT IN SERVICE UTILITY PLANT IN SERVICE PUC ADJ. CONSTRUCTION WORK IN PROGRESS DEPRECIATION
TOTAL UTILITY PLANT
CURRENT & ACCRUED ASSETS CASH IN BANK & TEMPORARY INVESTMENTS ACCOUNTS RECEIVABLE ACCUM. PROV. FOR UNCOLLECTIBLE ACCT INVENTORY PREPAYMENTS INTEREST RECEIVABLE ACCRUED REVENUES DEFERRED ENGINE OVERHAUL EXPENSE DEFERRED DEBITS - MISCELLANEOUS REGULATORY COMMISSION EXPENSES
TOTAL CURRENT & ACCRUED ASSETS
TOTAL ASSETS & OTHER DEBITS
2010 2009 2008 2007 2006
$ 450,876,105 $ 439,951,101 $ 424.072.179 $ 412,658.767 $ 403,799,109
11,789,712 13.463,888 14,632,361 14,020,468 6.922,914 221,234,482 211,674,481 198,671.933 186.628,077 173,156,879
$ 241,431,335 $ 241,740,509 $ 240,032,607 $ 240.051,158 $ 237,565,144
$ 7,342,947 $ 4,180,004 $ 27,001.141 $ 19,455,454 $ 23,911.750 10,405,847
(711,029) 14,217,398
954,729 9
8,167,434
1,840,665 4,494,625
12,025,374 (1,176,683) 13,320,441 1,196,222
7 7,275,331
922,634 4,966,896
10.740,183 (1,164,541) 13,156,810 1,109,534
31.359 7,270,482
384,906 4,035,674
12,829,097 (905.492)
12,164,292 1,122,048
68,012 9,181,212
408.605 4,833,855
10,612,421 (307.143)
10,047,261 997,312 137,382
6,956,525
1,462,479 5,105,408
$ 46,712,625
$ 288,143,960
$ 42,710,225
$ 284,450,734
$ 62,565,548
$ 302,598,155
$ 59,157,083
$ 299,208,241
$ 58,923,395
$ 296,488,538
LIABILITIES & OTHER CRgPITS
PATRONAGE CAPITAL & MEMBERSHIPS
LONG TERM DEBT FIRST MORTGAGE BOND LONG TERM NOTE
TOTAL LONG TERM DEBT
CURRENT & ACCRUED LIABILITIES CURRENT PORTION; NOTES PAYABLE/LTD NOTES PAYABLE ACCOUNTS PAYABLE METER DEPOSITS TAXES ACCRUED INTEREST ACCRUED TAX COLLECTION PAYABLE MISCELLANEOUS DEFERRED CREDITS
CUSTOMER ADVANCE FOR CONSTRUCTION CONTRIBUTION IN AID OF CONSTRUCTION
TOTAL CURRENT & ACCRUED LIABILITIES
TOTAL ACCUM DEFERRED INCOME TAXES
TOTAL LIABILITIES & OTHER CREDITS
$ 60,918,555 $ 52,268,377 $ 46.667,767 $ 41,323,894 $ 32,103,664
$ " $ - $ - $ - $ 188,520,589 192,820.610 207,450,282 216.394,675 221,984,068
$ 188,520.589 $ 192,820.610 $ 207.450,282 $ 216,394.675 $ 221,984.068
$ 9,261.000 $ 8,875.500 $ 8.487,400 $ 8.178,300 $ 7,944,800
-7,337,948 1,048,833 7,203,240
96,417
4,129,104 5,963,306 3,664,968
2,000,000 7,438,615 1,137,879 4,947,846
105,142
4,476,464 6,687,027 3,693,275
-5,665,381
883,951 10,454,884
75,846
9,849,020 10,347,440 2,716,184
-7,605,248
759,807 8,287.200
63,844
5,707,441 9,197,536 1,690,296
"
-7,810,637
854,607 6,692,436
56,121
8.394,654 9.290,893 1.356,658
$ 38,704,816 S 39,361.747 S 48,480,106 3 41,489,672 $ 42,400,806
$ 288.143.960 $ 284,450.734 $ 302.598.155 $ 299.208,241 $ 296,488,538
2 of 5
2010 KEPUCSyrstat-aaachmentxIst
Kauai Island Utility Cooperative-YE 12/31/10
KAUAI ISLAND UTILITY COOPERATIVE MISCELLANEOUS DATA
2006-2010
KWH SALES
RESIDENTIAL COMMERCIAL LARGE POWER STREET LIGHTING IRRIGATION
TOTAL KWH SALES
2010
159,425.808 112,717,079 159,512,556
2.729,677 148,199
2009
161,946,254 113.163,543 157.051,579
2,702,271 1,409,589
2008
160.479,367 119,324,054 170,165,703
2,637,376 1,184,017
2007
165,177,370 124,911.826 172,698,978
2,643,480 1,464,135
2006
160,271,857 122,252,623 166.064,770
2,601,027 889,434
434,533,319 436,273.236 453,790,517 466,895.789 452.079,711
REVENUES
RESIDENTIAL COMMERCIAL LARGE POWER STREET LIGHTING IRRIGATION
TOTAL REVENUES
CUSTOMERS @ 12/31
RESIDENTIAL COMMERCIAL LARGE POWER STREET LIGHTING IRRIGATION
TOTAL CUSTOMERS
AVERAGE REVENUE PER KWH
RESIDENTIAL COMMERCIAL LARGE POWER STREET LIGHTING IRRIGATION
TOTAL
AVERAGE RATE-CENTS PER KWH SOLD
RESIDENTIAL COMMERCIAL LARGE POWER STREET LIGHTING IRRIGATION
TOTAL
$ 58,599.648 $ 48,759,893 $ 67.521,772 $ 58,823.117 $ 52,568,488 41,245,256 53,833,261 1.381,050
35,886
$ 155.095,101
27,834 4.540 124
3,561 3
36,062
$ 0.36757 0.36592 0.33749 0.50594 0.24215
$ 0.35692
S 36.757 36.592 33.749 50.594 24.215
$ 35.692
34,600,351 44.714,928 1,160,789 264,087
$ 129,500.048
$
$
$
$
27,755 4,564 134
3,548 3
36.004
0.30109 0.30576 0.28471 0.42956 0.18735
0.29683
30.109 30.576 28.471 42.956 18.735
29.683
S
$
$
$
$
50.856,616 69,199,753 1,457.504 415.411
189,451.056
27,435 4,649 127
3,499 3
35,713
0.42075 0.42621 0.40666 0.55263 0.35085
0.41749
42.075 42.621 40.666 55.263 35.085
41.749
44,902,237 57.527,125 1,286,933 344,452
$ 162,883,864
$
$
$
$
26,959 4.674 124
3,447 3
35,207
0.35612 0.35947 0.33311 0.48683 0.23526
0.34887
35.612 35.947 33.311 48.683 23,526
34.887
40,630,540 51,299,782 1,195,058 190,176
$ 145,884,044
$
$
$
$
26,495 4,612 124
3,437 3
34,671
0.32800 0.33235 0.30891 0.45946 0.21382
0.32270
32.800 33.235 30.891 45.946 21.382
32.270
3 of 5
2070 KEPUCSyrstat-Bttachment.xls
Kauai lslan(J Utility Cooperative-YE 12/31/10
KAUAI ISLAND UTILITY COOPERATIVE ADMINISTRATIVE & GENERAL EXPENSES
2006-2010
ADMINISTRATIVE & GENERAL SALARIES
OFFICE SUPPLIES & EXPENSES
ADMIN OFFICE MAINTENANCE EXPENSE
OUTSIDE SERVICES EMPLOYED
PROPERTY INSURANCE
INJURIES* DAMAGES
EMPLOYEE PENSIONS & BENEFITS
REGULATORY COMMISSION EXPENSE
MISCELLANEOUS GENERAL EXPENSE
RENTS
2010
5,062,861 $
1,178,277
401,828
2,256,744
567,522
2009
4,843,483 $
976,759
392,766
1,206.962
574.574
2008
4,644,644 $
1,035.501
387,211
2,020.500
491,451
2007
4.997,386 $
800,910
457,576
1,027,149
479,868
2006
5.503,389
517,104
331,461
340,305
471.858
2,414.081
868.178
1.402,512
1.011,629
833,680
1,427,880
1,399.977
900.929
1,306.582
1.248,736
1,026,171
1.263,112
1,009,465
1,364.556
1,236.369
TOTAL ADMINISTRATIVE & GENERAL EXPENSES $ 14.152,002 $ 11.267,733 $ 12,186.795 $ 11,300.908 $ 10,774,507
4 of 5
2070 KEPUCSyrstat-attachmentxIs
KAUAI ISLAND UTILITY COOPERATIVE TAXES OTHER THAN INCOME TAXES
2006-2010
Kauai Island Utility Cooperative-YE 12/31/10
STATE TAXES
FRANCHISE UNEMPLOYMENT P.U.C. TAX CONSUMPTION AND USE TAX / PROPERTY
FEDERAL TAXES
FICA UNEMPLOYMENT
TOTAL TAXES OTHER THAN INCOME TAX
2010 2009 2008 2007 2006
$ 3,876,767 $ 3,238,355 $ 4,775,188 $ 4,069,827 $ 3,647.585
9,125,908 45,187
7.623,088 77,163
11.147,927 103,725
9,577.833 116,138
8,586,415 136.372
$ 13,047.862 $ 10,938.606 $ 16,026.840 $ 13,763,799 $ 12,370,372
KAUAI ISLAND UTILITY COOPERATIVE MISCELLANEOUS DATA
2006-2010
2010 2009 2008 2007 2006 NET KWH GENERATION
STEAM DIESEL/NAPHTHA HYDROS TOTAL NET GENERATION
NET PURCHASED POWER
LINE LOSSES - %
SYSTEM USE - %
SYSTEM PEAK LOAD - MW
ANNUAL SYSTEM LOAD FACTORS
10,388.466 406,728,948
8,227,307 425,344,721
27,413,670
3.67752
0.37024
76.54
0.6753
18.179,338 399.044,503
7.787,912 425.011,753
30,796,214
3.93550
0.37562
75.41
0.6900
21.090,192 416.728,705
8,386,490 446,205,387
29,099,649
4.19674
0.35123
74.27
0.7306
29,646,799 431,270.612
975,424 461,892,835
26,961,303
4.16093
0.35018
77.75
0.7178
22,550.317 414,129,475
4.800,582 441,480,374
34,329,425
4.67559
0.33596
76.78
0.7074
5 of 5
2010 KEPUCSyrstat-attachmentxIs