Wyoming Public Service Commission Utility Annual Report - Rural Electric Association 2016 Required Pursuant to WPSC Rule Chapter 3, Section 32 2515 Warren Avenue, Suite 300 Cheyenne, WY 82002 Exact legal name of reporting company: Company docket number: Street address or P.O. box: City, state and ZIP code: Telephone number: Fax number: Website URL: Contact person: Email address of contact person: Carbon Power & Light Inc 10002 PO Box 579 Saratoga WY 82331-0579 307-326-5206 307-326-5934 www.carbonpower.com Debbie Reichert dreichert@carbonpower.com Report for the calendar year ended December 31, 2016 GENERAL WYOMING PUBLIC SERVICE COMMISSION UTILITY ANNUAL REPORT 1. A signed and notarized Oath and Verification page must be mailed to the WPSC, and a completed annual report shall be filed with the Wyoming Public Service Commission on or before May 1 following the year end to which this report applies. 2. Each inquiry contained in this report must be definitely answered. 3. Any material sought to be kept confidential must be mailed to the Wyoming Public Commission with a written request that the material be treated as confidential under Chapter 2, Section 30, Confidentiality of Information, of the PSC's Rules. All confidential information must be clearly labeled as such and printed on yellow paper. 4. Please contact the Wyoming Public Service Commission office at (307) 777-7427 if there are any questions concerning the content of this annual report. 5. Please provide Wyoming and Total Company numbers in the annual report. If Wyoming numbers equal Total Company numbers, please indicate such by including the numbers in both columns. Submission Date Original Filing 1st Revision 2nd Revision 3rd Revision Wyoming Public Service Commission Annual Report 1. Title Page Page 1 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Company Information Year of incorporation: Year company first began Wyoming operations: Business organization: 1941 1941 C-Corporation Specify organization type if "Other": Total number of Wyoming customers as of December 31, 2016: Names of counties, cities and towns served by the company: Name of owning, controlling or operating corporation or organization: Headquarters (H) Name: Russell J Waldner Address: 100 E Willow PO Box 579 City, State, ZIP Code: Saratoga WY 82331 Telephone: 307-326-5206 Email: rwaldner@carbonpower.com Person to be contacted for additional information regarding Wyoming operations: Name: Russell J Waldner Address: 100 E Willow PO Box 579 City, State, ZIP Code: Saratoga WY 82331 Telephone: 307-326-5206 Email: rwaldner@carbonpower.com Person to be contacted regarding Wyoming operation complaints (P): Name: Russell J Waldner Address: 100 E Willow PO Box 579 City, State, ZIP Code: Saratoga WY 82331 Telephone: 307-326-5206 Email: rwaldner@carbonpower.com Person in charge of Wyoming regulatory affairs (R): Name: Russell J Waldner Address: 100 E Willow PO Box 579 City, State, ZIP Code: Saratoga WY 82331 Telephone: 307-326-5206 Email: rwaldner@carbonpower.com Person in charge of Wyoming utility assessment affairs (S): Russell J Waldner Name: 100 E Willow PO Box 579 Address: Saratoga WY 82331 City, State, ZIP Code: 307-326-5206 Telephone: Email: rwaldner@carbonpower.com Person to be contacted concerning this annual report (N): Name: Debbie Reichert Address: 100 E Willow PO Box 579 City, State, ZIP Code: Saratoga WY 82331 Telephone: 307-326-5206 Email: dreichert@carbonpower.com Person to be contacted concerning emergencies: (Provide a 24/7 contact telephone number.) Name: Russell J Waldner Address: 100 E Willow PO Box 579 City, State, ZIP Code: Saratoga WY 82331 Telephone (24/7): 307-326-5206 Email: rwaldner@carbonpower.com Registered agent (G): Name: Russell J Waldner Address: 100 E Willow PO Box 579 City, State, ZIP Code: Saratoga WY 82331 Telephone: 307-326-5206 Email: rwaldner@carbonpower.com Wyoming Public Service Commission Annual Report 2. Company Information Page 2 of 30 -..- 141:]: cm Tram: 1m him?nht In?ll.? Sala- DRGANIEATIDNAL CHART fur Cuba-n Puwer E: Light. Lac. CI-F DIRECTORS at; Laurie- Fursler? Pr?ident G'E'Illd Rabi-dug Fma?en?t Curry G- Iacnbaen - Secretary Jim Fingers Ina-Eel Hudglzi? Trauma-1' mm? mm? Hubert J. Johnson EM FLUTEE RDUP Rune? Waldner General hitmager 1mm Eli-E.? David Cu?airlh I'un Backmmu Debbi-E Reich-art Dirarturuf?peni?u-m Dir-E?ur of Engineering Brut-E Mum Dill-than lanai-I: Fat-mm ??rm Eula Twin].- Moan: Gab-E Tm Eh? Hing. Linda-ET Kit-tat Ca?n "In ?Kinney Part-arm Kirby Lara-n11 Wyoming Public Service Commission Annual Report In: Flu-ii! Director umeber Marieting Tab: 2.1 Organizational Chart Page 3 of 30 Tab: 2.1 Organizational Chart Wyoming Public Service Commission Annual Report Page 4 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Operating Managers Report the name and title of each operating manager of the utility. Include such positions as general manager, director of operations, chief engineering manager, chief financial manager, office manager and director of customer service. Name Russell J Waldner James W Beckmann David V Cutbirth Joe W Parrie Debra A Reichert Title (and address if different from address on title page) General Manager Director of Engineering Director of Operations Director of Member Services Director of Office Services Officers Report the names and titles of the top six officers. Name Laurie S Forster Jerry E Rabidue Gary W Jacobsen Daniel W Hodgkiss Title (and address if different from address on title page) President Vice President Secretary Treasurer Directors Report the name and term of each person who held a directorship during any part of the reporting year. Name Richard W Clifton Kenneth E Curry Laurie S Forster Daniel M Hodgkiss Gary W Jacobsen Robert J Johnson Jerry E Rabidue James P Rogers N Clay Thompson Term (and address if different from address on title page) 2016-19 2015-18 2014-17 2016-19 2015-18 2014-17 2016-19 2015-18 2014-17 Wyoming Employees Report the number of employees by classification. Classification Executive: Office: Field: Total Wyoming employees: Number 5 8 13 Employer 26 Wyoming Public Service Commission Annual Report 3. Personnel Page 5 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Plant in Service 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Account Description Organizational Costs Franchises Land and Land Rights Buildings & Improvements Office Furniture & Equipment Transportation Equipment Tools & Other Work Equipment Engines & Generators Other: Subtotal General: Boiler Plant Equipment: Eng & Eng-Driven Equipment: Turbogenerator Units: Other Power Plant Equipment: Subtotal Generation: Transmission Sub-Station Equipment Transmission Lines Subtotal Transmission: Distribution Lines Distribution Substation Equipment Line Transformers Services Metering Subtotal Distribution: Total System 2016 Allocation Factor Wyoming 2016 Beginning Balance $ 1,214 $ 463,301 $ 345,409 $ 4,634,094 $ 378,086 $ 1,949,263 $ 360,075 $ $ 179,741 $ 8,311,183 $ $ $ $ $ $ 709,847 $ 1,207,738 $ 1,917,585 $ 17,872,818 $ 1,945,050 $ 5,268,448 $ 1,906,626 $ 2,914,271 $ 29,907,213 $ 40,135,981 Additions Retirements $ $ $ $ 435,758 12,735 274,519 8,068 $ 731,080 $ - Adjustments Transfers $ 44,140 $ 44,140 $ - $ - $ - $ - $ - $ - $ - $ $ - $ $ - $ $ $ 108,603 108,603 275,217 $ $ $ 19,577 19,577 151,459 $ $ $ $ $ 345,334 162,861 286,626 1,070,038 1,909,721 $ $ $ $ $ 89,400 79,086 409,364 729,309 793,026 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2016 Ending Balance 1,214 463,301 345,409 5,069,852 390,821 2,267,922 368,143 179,741 9,086,403 709,847 1,335,918 2,045,765 18,299,494 1,945,050 5,703,182 2,148,573 3,610,261 31,706,560 42,838,728 Wyoming Plant in Service Notes: Wyoming Public Service Commission Annual Report 4. Plant in Service Page 6 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Plant in Service Total Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Account Description Organizational Costs Franchises Land and Land Rights Buildings & Improvements Office Furniture & Equipment Transportation Equipment Tools & Other Work Equipment Engines & Generators Other: Subtotal General: Boiler Plant Equipment: Eng & Eng-Driven Equipment: Turbogenerator Units: Other Power Plant Equipment: Subtotal Generation: Transmission Sub-Station Equipment Transmission Lines Subtotal Transmission: Distribution Lines Distribution Substation Equipment Line Transformers Services Metering Subtotal Distribution: Total System 2016 Beginning Balance $ 1,214 $ 463,301 $ 345,409 $ 4,634,094 $ 378,086 $ 1,949,263 $ 360,075 $ $ 179,741 $ 8,311,183 $ $ $ $ $ $ 709,847 $ 1,207,738 $ 1,917,585 $ 17,872,818 $ 1,945,050 $ 5,268,448 $ 1,906,626 $ 2,914,271 $ 29,907,213 $ 40,135,981 Additions Retirements $ $ $ $ 435,758 12,735 274,519 8,068 $ 731,080 $ - Adjustments Transfers $ 44,140 $ 44,140 $ - $ - $ - $ - $ - $ - $ - $ $ - $ $ - $ $ $ 108,603 108,603 275,217 $ $ $ 19,577 19,577 151,459 $ $ $ $ $ 345,334 162,861 286,626 1,070,038 1,909,721 $ $ $ $ $ 89,400 79,086 409,364 729,309 793,026 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2016 Ending Balance 1,214 463,301 345,409 5,069,852 390,821 2,267,922 368,143 179,741 9,086,403 709,847 1,335,918 2,045,765 18,299,494 1,945,050 5,703,182 2,148,573 3,610,261 31,706,560 42,838,728 Total Company Plant in Service Notes: Wyoming Public Service Commission Annual Report 4. Plant in Service Page 7 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Reserve for Depreciation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Account Description Organizational Costs Franchises Land and Land Rights Buildings & Improvements Office Furniture & Equipment Transportation Equipment Tools & Other Work Equipment Engines & Generators Other Subtotal General: Boiler Plant Equipment Eng & Eng-Driven Equipment Turbogenerator Units Other Power Plant Equipment Subtotal Generation: Transmission Sub-Station Equipment Transmission Lines Subtotal Transmission: Distribution Lines Distribution Substation Equipment Line Transformers Services Metering Subtotal Distribution: Total System Annual Depr. Rate 5.000% 5.000% 12.000% 15.000% 5.000% 7.000% 2016 Beginning Balance $ $ 92,660 $ $ 795,390 $ 328,162 $ 1,046,110 $ 253,522 $ $ 178,647 $ 2,694,491 $ 3.000% 3.000% $ $ $ - Depreciation Expense $ 23,165 $ $ $ $ 107,809 27,877 165,312 34,230 $ $ 1,181 359,574 $ - Book Cost of Plant Retired Wyoming Cost of Removal or Retirement Salvage $ (46,440) $ (46,440) $ $ - $ Adjustments Transfers $ 6,300 - $ 6,300 $ - $ - - $ - $ - $ - 849,213 849,213 9,540,404 $ $ $ 53,873 53,873 754,042 $ $ $ (19,578) $ (19,578) $ (729,309) $ (2,641) (2,641) $ (76,936) $ 16,775 $ - $ - $ 9,540,404 $ 13,084,108 $ $ 754,042 1,167,489 $ $ (729,309) $ (795,327) $ (76,936) $ (79,577) $ 16,775 23,075 $ $ - $ $ - 2016 Ending Balance $ $ 115,825 $ $ 903,199 $ 356,039 $ 1,171,282 $ 287,752 $ $ 179,828 $ 3,013,925 $ $ $ $ $ $ $ 880,867 $ 880,867 $ 9,504,976 $ $ $ $ $ 9,504,976 $ 13,399,768 Wyoming Reserve for Depreciation Notes: Line 3-Franchises is the depreciation expense for the Misc Intangible Property listed under Plant in Service. This property will be depreciated over a 20 year period. Wyoming Public Service Commission Annual Report 5. Reserve for Depreciation Page 8 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Reserve for Depreciation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Account Description Organizational Costs Franchises Land and Land Rights Buildings & Improvements Office Furniture & Equipment Transportation Equipment Tools & Other Work Equipment Engines & Generators Other Subtotal General: Boiler Plant Equipment Eng & Eng-Driven Equipment Turbogenerator Units Other Power Plant Equipment Subtotal Generation: Transmission Sub-Station Equipment Transmission Lines Subtotal Transmission: Distribution Lines Distribution Substation Equipment Line Transformers Services Metering Subtotal Distribution: Total System 2016 Beginning Balance $ $ 92,660 $ $ 795,390 $ 328,162 $ 1,046,110 $ 253,522 $ $ 178,647 $ 2,694,491 $ $ $ $ - Depreciation Expense $ 23,165 $ $ $ $ 107,809 27,877 165,312 34,230 $ $ 1,181 359,574 $ - Book Cost of Plant Retired Total Company Cost of Removal or Retirement Salvage $ (46,440) $ (46,440) $ $ - $ Adjustments Transfers $ 6,300 - $ 6,300 $ - $ - - $ - $ - $ - 849,213 849,213 9,540,404 $ $ $ 53,873 53,873 754,042 $ $ $ (19,578) $ (19,578) $ (729,309) $ (2,641) (2,641) $ (76,936) $ 16,775 $ - $ - $ 9,540,404 $ 13,084,108 $ $ 754,042 1,167,489 $ $ (729,309) $ (795,327) $ (76,936) $ (79,577) $ 16,775 23,075 $ $ - $ $ - 2016 Ending Balance $ $ 115,825 $ $ 903,199 $ 356,039 $ 1,171,282 $ 287,752 $ $ 179,828 $ 3,013,925 $ $ $ $ $ $ $ 880,867 $ 880,867 $ 9,504,976 $ $ $ $ $ 9,504,976 $ 13,399,768 Total Company Reserve for Depreciation Notes: Wyoming Public Service Commission Annual Report 5. Reserve for Depreciation Page 9 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Balance Sheet - Assets & Other Debits 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Account Description Total Utility Plant in Service Construction Work in Progress Total Utility Plant Accumulated Provision for Depreciation and Amortization Net Utility Plant Non-Utility Property (Net) Investments in Subsidiary Companies Investments in Assoc Org - Patronage Capital Invest in Assoc Org - Other - General Funds Invest in Assoc Org- Other - Nongeneral Funds Investments in Economic Development Projects Other Investments Special Funds Total Other Property & Investments Cash - General Funds Cash - Construction Funds - Trustee Special Deposits Temporary Investments Notes Receivable (Net) Accounts Receivable - Sales of Energy (Net) Accounts Receivable - Other (Net) Fuel Stock Materials and Supplies Prepayments Other Current and Accrued Assets Total Current and Accrued Assets Unamortized Debt Discount & Extraordinary Property Losses Regulatory Assets Other Deferred Debits Accumulated Deferred Income Taxes Total Assets & Other Debits 2016 Allocation Factor Wyoming 2016 Beginning 2016 Ending Balance Balance $ 40,135,981 $ 41,260,502 $ 309,835 $ 343,023 $ 40,445,816 $ 41,603,525 $ (13,084,108) $ (13,399,768) $ 27,361,708 $ 28,203,757 $ $ $ 1,000 $ 1,000 $ 10,065,399 $ 10,123,837 $ $ $ 383,555 $ 383,555 $ $ $ 147,595 $ 147,417 $ $ 10,597,549 $ 10,655,809 $ 404,957 $ 756,884 $ 4,684 $ 4,005 $ $ $ 3,204,661 $ 3,109,330 $ $ $ 1,514,996 $ 1,581,944 $ 2,134 $ 1,917 $ $ $ 1,215,115 $ 1,217,702 $ 48,890 $ 22,668 $ 4,534 $ 4,449 $ 6,399,971 $ 6,698,899 $ $ $ $ $ 609,061 $ 571,235 $ $ $ 44,968,289 $ 46,129,700 Total Company 2016 Beginning 2016 Ending Balance Balance $ 40,135,981 $ 41,260,502 $ 309,835 $ 343,023 $ 40,445,816 $ 41,603,525 $ (13,084,108) $ (13,399,768) $ 27,361,708 $ 28,203,757 $ $ $ 1,000 $ 1,000 $ 10,065,399 $ 10,123,837 $ $ $ 383,555 $ 383,555 $ $ $ 147,595 $ 147,417 $ $ 10,597,549 $ 10,655,809 $ 404,957 $ 756,884 $ 4,684 $ 4,005 $ $ $ 3,204,661 $ 3,109,330 $ $ $ 1,514,996 $ 1,581,944 $ 2,134 $ 1,917 $ $ $ 1,215,115 $ 1,217,702 $ 48,890 $ 22,668 $ 4,534 $ 4,449 $ 6,399,971 $ 6,698,899 $ $ $ $ $ 609,061 $ 571,235 $ $ $ 44,968,289 $ 46,129,700 Notes: Wyoming Public Service Commission Annual Report 6. Balance Sheet - Assets Page 10 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Balance Sheet - Liabilities, Equity & Credits 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Account Description Memberships Patronage Capital Operating Margins - Prior Years Operating Margins - Current Year Non-Operating Margins Other Margins and Equities Total Margins & Equities Long-Term Debt - RUS (Net) Long-Term Debt - FFB - RUS Guaranteed Long-Term Debt - Other - RUS Guaranteed Long-Term Debt - Other (Net) Long-Term Debt - RUS - Econ Development (Net) Payments - Unapplied Total Long Term Debt Obligations Under Capital Leases - Noncurrent Accumulated Operating Provisions & Asset Retirement Obligations Total Other Non-current Liabilities Notes Payable Accounts Payable Consumers Deposits Current Maturities Long-Term Debt Current Maturities Long-Term Debt - Rural Development Current Maturities - Capital Leases Taxes Accrued Interest Accrued Other Current and Accrued Liabilities Total Current & Accrued Liabilities Regulatory Liabilities Other Deferred Credits Accumulated Deferred Income Taxes Total Liabilities and Other Credits 2016 Allocation Factor Wyoming 2016 Beginning 2016 Ending Balance Balance $ $ $ 24,465,962 $ 25,227,663 $ $ $ 1,281,516 $ 913,182 $ 133,852 $ 121,455 $ 1,920,840 $ 1,992,048 $ 27,802,170 $ 28,254,348 $ $ $ 9,087,497 $ 9,532,176 $ $ $ 6,045,146 $ 6,274,544 $ $ $ (95,761) $ (16,861) $ 15,036,882 $ 15,789,859 $ $ $ $ $ $ $ $ $ 1,009,944 $ 1,039,576 $ 133,282 $ 142,016 $ 881,237 $ 718,902 $ $ $ $ $ $ $ $ $ 96,026 $ 181,661 $ 2,120,489 $ 2,082,155 $ $ $ 8,748 $ 3,338 $ $ $ 44,968,289 $ 46,129,700 Total Company 2016 Beginning 2016 Ending Balance Balance $ $ $ 24,465,962 $ 25,227,663 $ $ $ 1,281,516 $ 913,182 $ 133,852 $ 121,455 $ 1,920,840 $ 1,992,048 $ 27,802,170 $ 28,254,348 $ $ $ 9,087,497 $ 9,532,176 $ $ $ 6,045,146 $ 6,274,544 $ $ $ (95,761) $ (16,861) $ 15,036,882 $ 15,789,859 $ $ $ $ $ $ $ $ $ 1,009,944 $ 1,039,576 $ 133,282 $ 142,016 $ 881,237 $ 718,902 $ $ $ $ $ $ $ $ $ 96,026 $ 181,661 $ 2,120,489 $ 2,082,155 $ $ $ 8,748 $ 3,338 $ $ $ 44,968,289 $ 46,129,700 Notes: Wyoming Public Service Commission Annual Report 7. Balance Sheet - Liabilities Page 11 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Long-Term Debt W.S. § 37-6-101 defines long-term debt as any debt with a term greater than 18 months. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Organization Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Wyoming Public Service Commission Annual Report Authorizing Docket 10002-41-CS-98 10002-41-CS-98 10002-41-CS-98 10002-41-CS-98 10002-41-CS-98 10002-79-CS-11 10002-79-CS-11 10002-79-CS-11 10002-79-CS-11 10002-79-CS-11 10002-79-CS-11 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-81-CS-12 10002-83-CS-13 10002-68-CS-05 CS-99-42 Issue Maturity Date Date 6/30/2000 12/31/33 1/30/2001 03/31/16 8/12/2002 12/31/17 6/6/2003 09/30/18 1/21/2004 06/30/19 6/7/12 9/30/32 6/24/13 9/30/33 6/30/14 9/30/44 8/27/15 12/31/45 4/15/16 1/2/46 10/21/16 1/2/46 3/23/12 2/29/16 3/23/12 2/28/17 3/23/12 2/28/18 3/23/12 2/28/19 3/23/12 2/29/20 3/23/12 2/28/21 3/23/12 2/28/22 3/23/12 2/28/23 3/23/12 2/29/24 3/23/12 2/28/25 3/23/12 2/28/26 3/23/12 2/28/27 3/23/12 2/29/28 3/23/12 2/28/29 3/23/12 2/28/30 3/23/12 2/28/31 3/23/12 2/29/32 3/23/12 2/28/33 3/23/12 2/28/34 3/23/12 2/28/35 3/23/12 2/29/36 3/23/12 2/28/37 3/23/12 2/28/38 3/23/12 2/28/39 5/1/2013 05/01/23 2/14/2005 02/14/13 6/21/1995 03/23/52 Face Amount Authorized $ 1,342,000 $ 1,100,000 $ 785,768 $ 401,000 $ 371,232 $ 1,364,000 $ 1,502,000 $ 4,157,000 $ 1,717,000 $ 664,000 $ 23,377 $ 145,889 $ 151,680 $ 158,010 $ 164,439 $ 170,266 $ 176,362 $ 185,044 $ 192,914 $ 201,249 $ 208,937 $ 219,270 $ 229,890 $ 240,076 $ 250,709 $ 263,057 $ 275,835 $ 288,258 $ 302,266 $ 317,075 $ 332,474 $ 348,642 $ 364,549 $ 382,362 $ 182,448 $ 822,090 $ 2,500,000 $ 4,900,000 Total Amount Issued $ 1,342,000 $ 1,100,000 $ 785,768 $ 401,000 $ 371,232 $ 1,364,000 $ 1,502,000 $ 4,157,000 $ 1,717,000 $ 664,000 $ 23,377 $ 145,889 $ 151,680 $ 158,010 $ 164,439 $ 170,266 $ 176,362 $ 185,044 $ 192,914 $ 201,249 $ 208,938 $ 219,271 $ 229,890 $ 240,076 $ 250,709 $ 263,058 $ 275,835 $ 288,259 $ 302,266 $ 317,075 $ 332,475 $ 348,643 $ 364,549 $ 382,363 $ 182,448 $ 822,090 $ $ 500,000 Interest Rate 6.178% 5.317% 4.225% 3.798% 4.486% 1.883% 2.753% 3.072% 2.627% 2.206% 2.145% 3.050% 3.250% 3.500% 3.700% 3.900% 4.050% 4.150% 4.250% 4.350% 4.400% 4.500% 4.600% 4.650% 4.650% 4.700% 4.700% 4.750% 4.750% 4.750% 4.800% 4.800% 4.800% 4.850% 4.850% 2.850% 0.000% 4.100% 8. Long-Term Debt Page 12 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing Original Filing 1/0/1900 Long-Term Debt W.S. § 37-6-101 defines long-term debt as any debt with a term greater than 18 months. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Organization Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Federal Financing Bank (FFB) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Nat'l Rural Utilities Coop Finance Corp (NRUCFC) Wyoming Public Service Commission Annual Report Total Company Debt Issuance Cost Original Unamortized Amount Amount Interest Accrued Interest Paid Principal Paid During Year During Year $ 63,555 $ 34,408 $ 357 $ 26,369 $ 4,790 $ 65,510 $ 3,536 $ 36,216 $ 4,981 $ 32,165 $ 24,354 $ 62,727 $ 39,122 $ 60,496 $ 129,108 $ 82,391 $ 46,985 $ 37,599 $ 11,098 $ 7,880 $ 107 $ $ 275 $ 36,894 $ 4,011 $ 113,290 $ 5,546 $ $ 6,101 $ $ 6,659 $ $ 7,162 $ $ 7,700 $ $ 8,221 $ $ 8,778 $ $ 9,218 $ $ 9,894 $ $ 10,604 $ $ 11,194 $ $ 11,690 $ $ 12,398 $ $ 13,000 $ $ 13,730 $ $ 14,398 $ $ 15,102 $ $ 16,002 $ $ 16,781 $ $ 17,546 $ $ 18,595 $ $ 8,873 $ $ 17,179 $ 79,692 $ $ $ $ - $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Outstanding Balances Year Year Beginning Ending 1,013,266 $ 978,858 26,369 $ 133,880 $ 68,370 103,042 $ 66,826 119,264 $ 87,099 1,226,750 $ 1,164,023 1,371,237 $ 1,310,741 4,037,112 $ 3,954,721 1,707,757 $ 1,670,158 $ 656,120 $ 23,377 36,894 $ 151,680 $ 38,390 158,010 $ 158,010 164,439 $ 164,439 170,266 $ 170,266 176,362 $ 176,362 185,044 $ 185,044 192,914 $ 192,914 201,249 $ 201,249 208,937 $ 208,937 219,270 $ 219,270 229,900 $ 229,900 240,076 $ 240,076 250,709 $ 250,709 263,057 $ 263,057 275,835 $ 275,835 288,258 $ 288,258 302,266 $ 302,266 317,075 $ 317,075 332,474 $ 332,474 348,642 $ 348,642 364,549 $ 364,549 382,362 $ 382,362 182,448 $ 182,448 632,486 $ 552,794 $ $ 500,000 8. Long-Term Debt Page 13 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Long-Term Debt W.S. § 37-6-101 defines long-term debt as any debt with a term greater than 18 months. Organization Authorizing Docket 40 41 42 43 44 45 46 47 48 49 50 Total Issue Date Maturity Date Face Amount Authorized Total Amount Issued $ $ 27,401,168 Interest Rate 20,501,175 Notes 1: Wyoming Public Service Commission Annual Report 8. Long-Term Debt Page 14 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing Original Filing 1/0/1900 Long-Term Debt W.S. § 37-6-101 defines long-term debt as any debt with a term greater than 18 months. Total Company Debt Issuance Cost Original Unamortized Amount Amount Organization 40 41 42 43 44 45 46 47 48 49 50 Total $ - $ - Interest Accrued $ - Outstanding Balances Year Year Beginning Ending Interest Paid Principal Paid During Year During Year $ 598,650 $ 675,637 $ 16,013,879 $ 16,525,619 Total minimum principle payments required for 2016: Notes 2: Wyoming Public Service Commission Annual Report 8. Long-Term Debt Page 15 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Statement of Operations 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Operating Revenue & Patronage Capital Power Production Expense Cost of Purchased Power Transmission Expense Distribution Expense-Operation Distribution Expense-Maintenance Consumer Accounts Expense Customer Service & Informational Expense Sales Expense Administrative and General Expense Total Operation and Maintenance Expense Depreciation & Amortization Expense Tax Expense - Property & Gross Receipts Tax Expense - Other Interest on Long-term Debt Interest Charged to Construction - Credit Interest Expense - Other Other Deductions Total Cost of Electric Service Patronage Capital & Operating Margins Non-operating Margins - Interest Allowance for Funds Used During Construction Income (Loss) from Equity Investments Non-operating Margins - Other Generation & Transmission Capital Credits Other Capital Credits & Patronage Dividends Extraordinary Items Patronage Capital or Margins $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Wyoming 13,691,019 7,875,564 66,334 1,483,601 540,398 548,453 144,935 20,955 775,458 11,455,698 1,018,180 41,338 7,013 598,650 832 13,121,711 569,308 42,110 79,346 227,309 116,564 1,034,637 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Total Company 13,691,019 7,875,564 66,334 1,483,601 540,398 548,453 144,935 20,955 775,458 11,455,698 1,018,180 41,338 7,013 598,650 832 13,121,711 569,308 42,110 79,346 227,309 116,564 1,034,637 Patronage Capital Cash Received $ 215,835 $ 215,835 Notes: Wyoming Public Service Commission Annual Report 9. Statement of Operations Page 16 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Customer Counts, Operating Revenues, Demand and Energy Delivered Wyoming Title of Account 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Sales of Electricity Residential Sales (440) 440.1 Residential Sales - Excluding Seasonal 440.2 Residential Sales - Seasonal 441 Irrigation Sales Commercial Sales (442.x) 442.1x Commercial Sales - 1000 kVA or Less 442.2x Commercial Sales - Greater than 1000 kVA Industrial Sales (442.y) 442.1y - Industrial Sales - 1000 kVA or Less 442.2y - Industrial Sales - Greater than 1000 kVA Public Street and Highway Lighting (444) Other Sales to Public Authorities (445) Sales to Railroads and Railways (446) Interdepartmental Sales (448) TOTAL Electric Sales Sales for Resale (447) 447.1 Sales for Resale - RUS Borrowers 447.2 Sales for Resale - Other TOTAL Sales of Electricity Provision for Rate Refunds (449.1) TOTAL Revenues Net of Provision for Refunds Other Operating Revenues Forfeited Discounts (450) Miscellaneous Service Revenues (451) Sales of Water and Water Power (453) Rent from Electric Property (454) Interdepartmental Rents (455) Other Electric Revenues (456) Revenues from Transmission of Electricity of Others (456.1) Regional Transmission Service Revenues (457.1) Miscellaneous Revenues (457.2) TOTAL Other Operating Revenues TOTAL Electric Operating Revenues 35 36 37 38 39 Energy Sales and Use Summary Total Sales to Customers Energy Furnished without Charge Company Use (Excluding Station Use) Energy Losses Total Average Customer Count Demand and Energy Delivered Total Company KW kWh Revenue Revenue 4,964 3,381 1,583 50 1,113 1,113 0 4 $ $ $ $ $ $ 5,941,756 4,807,986 1,133,770 361,132 5,704,522 5,704,522 0.0 $ 1,243,065 0.0 4 5 51 $ $ $ 1,243,065 73,526 166,490 0.0 38,810,517 34,264,474 4,546,043 2,132,623 48,333,582 48,333,582 $ $ $ $ $ $ 5,941,756 4,807,986 1,133,770 361,132 5,704,522 5,704,522 8,791,000 $ 1,243,065 8,791,000 501,840 1,360,000 $ $ $ 1,243,065 73,526 166,490 6,187 1 1 $ 13,490,491 $ 73,434 $ 73,434 0.0 0.0 99,929,562 960,000 960,000 $ 13,490,491 $ 73,434 $ 73,434 6,188 $ 13,563,925 0.0 100,889,562 $ 13,563,925 6,188 $ 13,563,925 0.0 100,889,562 $ 13,563,925 6,188 $ $ 47,373 56,764 $ $ 47,373 56,764 $ 16,563 $ 16,563 $ 6,393 $ 6,393 $ 127,093 $ 13,691,018 0.0 100,889,562 $ 127,093 $ 13,691,018 kWh 0 Notes: Wyoming Public Service Commission Annual Report 10. Revenue Summary Page 17 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Rate Base and Return on Rate Base Description 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 Wyoming Rate Base Additions Plant in Service Plant Held for Future Use Prepayments Materials and Supplies Cash Working Capital Deferred Debits $ $ $ $ $ $ 41,260,502 22,668 1,217,702 657,115 571,235 Subtotal $ 43,729,222 Rate Base Deductions Accumulated Provision for Depreciation Accumulated Provision for Amortization Accumulated Deferred Income Tax Consumer Advances for Construction Consumer Deposits Consumer Energy Prepayments Deferred Credits $ $ $ $ $ $ $ 13,399,768 590,619 142,016 3,338 Subtotal Total Rate Base $ $ 14,135,741 29,593,481 Net Utility Operating Income Actual Rate of Return on Rate Base Actual Rate of Return on Equity Actual Operating Ratio (if applicable) Actual Capital Structure - Percent Debt Actual Capital Structure - Percent Equity Authorized Rate of Return on Rate Base Authorized Rate of Return on Equity Authorized Operating Ratio (if applicable) Effective Date of Rates of Return or Operating Ratio Docket No. of Authorization Capital Structure in Docket No. Above - Percent Debt Capital Structure in Docket No. Above - Percent Equity Cost of Debt in Capital Structure in Docket No. Above Operating Ratios Operating Times Interest Earned Ratio (OTIER) Rural Utilities Service OTIER (RUS OTIER) Net Times Interest Earned Ratio (NTIER) Operating Debt Service Coverage Ratio (ODSC) Net Debt Service Coverage Ratio (NDSC) Modified Debt Service Coverage Ratio (MDSC) $ 13,691,019 4.120% 4.820% Wyoming Public Service Commission Annual Report 39.680% 61.250% 9000-99-XO-07 2.428 2.428 2.720 1.940 2.077 1.811 11. Rate Base & Return on RB Page 18 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Electric Utility Load and Resources Report (Wyoming System Only) Peak Wyoming System Demands and Annual Energy Reported data are: 1 2 3 4 5 6 7 Year 2013 2014 2015 2016 2017 2018 2019 Actual Data Summer (April - September) Month KW April 30,998.0 April 24,510.0 April 27,010.0 April 24,388.0 April 27,157.0 April 28,869.0 April 29,522.0 2016 Peak Day 8 9 10 Date Time KW Reading (If actual data are not available, provide the basis for the estimates in the notes section.) Winter (October - March) Month KW October 28,262.0 February 35,910.0 February 35,020.0 January 20,014.0 February 22,190.0 February 28,537.0 February 30,644.0 Notes: Annual Energy kWh 141,595,853 124,359,376 108,743,422 100,889,562 115,846,563 120,267,151 135,140,834 Notes: 4/2/2016 9:00 PM 24,388.0 Sources of Electricity 11 12 13 14 Year 2013 2014 2015 2016 15 16 17 18 Year 2013 2014 2015 2016 Steam Generation KW kWh Hydro Generation KW kWh Purchased Power KW kWh 204,794.0 150,456,314 181,396.0 133,284,378 158,248.0 116,204,391 195,159.0 108,477,138 Owned Generation Internal Combusion Engine Wind Generation KW kWh KW kWh Other Generation KW kWh Total Owned Generation KW kWh 0.0 0 0.0 0 0.0 0 0.0 0 Notes: Power Purchase Contracts Power Purchase Contracts Notes, page 1 Supplier 19 Tri State G&T Association 20 Mountain Parks Electric 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Wyoming Public Service Commission Annual Report 2016 KW Purchases 195,159.0 2016 kWh Purchases 107,470,501 1,006,637 Contract Expiration Date 12. Load & Resources Page 19 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Electric Utility Load and Resources Report (Wyoming System Only) 159 Totals Wyoming Public Service Commission Annual Report 195,159.0 108,477,138 12. Load & Resources Page 20 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Electric Transmission and Distribution Plant (Wyoming Only) Note: Use Wyoming-specific data only. For substations with multiple transformer banks, please use a separate line for each bank and note if the number of circuits listed is for the transformer bank or for the substation. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Transmission and subtransmission lines: Nominal Voltage Miles of Line 34.5 121.19 Phase 17 Single Phase: 18 Three Phase: 19 Instrument Rated Phase: Primary underground distribution lines: Nominal Voltage Miles of Line 12.5 170.85 Total Meters in Service 5,278 759 151 Meters in Service in Wyoming Advanced Meters in Service 5,278 759 151 Primary overhead distribution lines: Nominal Voltage Miles of Line 12.5 1,672.49 Types of Advanced Meters in Service TWACS TWACS TWACS Notes: Wyoming Public Service Commission Annual Report 13. T & D Plant Page 21 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Electric Transmission and Distribution Plant (Wyoming Only) Note: Use Wyoming-specific data only. For substations with multiple transformer banks, please use a separate line for each bank and note if the number of circuits listed is for the transformer bank or for the substation. Name of Distribution Substation 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 Encampment Crow Saratoga Pass Creek Fort Steele Walcott Elk Mountain Amoco Rock River Little Laramie Big Laramie Centennial Arco chase Chase OneOk Wyoming Public Service Commission Annual Report Distribution Substations in Wyoming Section Township Primary Voltage Range Secondary Voltage (i.e. 26-20-84) Number of Circuits 34.5/24.9 kV 01-14-84 1 34.5/12.5kV 17-16-84 2 34.5/12.5kV 12-17-84 4 34.5/12.5kV 26-20-84 1 34.5/12.5kV 26-21-85 1 34.5/12.5kV 35-21-84 1 34.5/12.5kV 18-20-80 1 34.5/12.5kV 29-22-78 1 34.5/12.5kV 01-20-77 1 34.5/12.5kV 35-17-76 3 34.5/24.9 kV 26-16-74 2 34.5/12.5kV 18-16-77 3 34.5/12.5kV 35-17-76 1 34.5/7.2 kV 02-22-80 1 34/5/2.4 kV 29-16-74 1 Transformers by Voltage 24900 12500 12500 12500 12500 12500 12500 12500 12500 12500 24900 12500 12500 7200 2400 Nameplate Capacity of Transformers by Voltage 5,000.0 5,000.0 10,000.0 750.0 1,000.0 750.0 1,500.0 2,500.0 3,750.0 3,500.0 5,250.0 2,500.0 1,000.0 167.0 5,000.0 Peak Loading of Transformers for Reporting Year 2,334.0 1,375.2 4,788.0 148.8 146.4 235.4 1,119.6 338.4 2,179.2 1,674.0 4,989.6 2,197.2 436.8 169.4 21.6 13. T & D Plant Page 22 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Electric Transmission and Distribution Plant (Wyoming Only) Note: Use Wyoming-specific data only. For substations with multiple transformer banks, please use a separate line for each bank and note if the number of circuits listed is for the transformer bank or for the substation. 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 Name of Transmission Substation or Switch Station Arlington May Trowbridge WAPA-Medicine Bow Wyoming Public Service Commission Annual Report Transmission Substations and Switch Stations in Wyoming Section Township Primary Voltage Range Secondary Voltage (i.e. 26-20-84) Number of Circuits 230/12.5 kV 19-19-78 1 115/34.5kV 35-17-76 3 115/34.5kV 01-17-84 3 115/34.5kV 07-22-78 2 Transformers by Voltage 12500 34500 34500 34500 Nameplate Capacity of Transformers by Voltage 25,000.0 12,000.0 12,000.0 12,000.0 Peak Loading of Transformers for Reporting Year 13,478.4 9,290.0 10,196.0 5,454.0 13. T & D Plant Page 23 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Emergency Curtailment, Contingency and Integrated Resource Plans Does Carbon Power & Light Inc have an emergency curtailment plan for use in Wyoming? No Plan title, plan filing date and comments Does Carbon Power & Light Inc have a contingency plan for use in Wyoming? Yes Plan title, plan filing date and comments Does Carbon Power & Light Inc have an integrated resource plan for use in Wyoming? Yes Plan title, plan filing date and comments 14-Apr-10 Wyoming Public Service Commission Annual Report 14. Emergency Plans & IRPs Page 24 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: Original Filing 1/0/1900 Major Facilities Construction Forecast Description & Details 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Total In-Service Date 2017 Total $ - 2018 Total $ - 2019 Total $ - 2020 Total $ - 2021 Total $ - Five-Year Total $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ - Notes: Wyoming Public Service Commission Annual Report 15. Construction Forecast Page 25 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Smart Grid Technologies Report The Commission's Order in Docket No. 90000-106-XO-08 (Record No. 11992) requires each electric utility to file an annual report regarding developments in smart grid technologies, including which technologies are being promoted by regional planning organizations, whether any smart grid technologies would be beneficial to any particular Wyoming customer, and whether utilities have considered or adopted any available smart grid technologies in Wyoming or in other jurisdictions. File attachments to this report in Docket No. 90000-106-XO-08. Provide the name of Carbon Power & Light Inc's regional planning organization: Western Electricity Coordinating Council (WECC) Describe the smart grid technologies Carbon Power & Light Inc's regional planning organization is promoting: Describe the smart grid technologies that would be beneficial to Carbon Power & Light Inc's customers: Discuss which class of Carbon Power & Light Inc's Wyoming customers benefits from each smart grid technology listed above: Discuss the smart grid technologies Carbon Power & Light Inc has evaluated or considered adopting in Wyoming or in other jurisdictions: Provide the status of the smart grid technologies Carbon Power & Light Inc has adopted or implemented: Wyoming Public Service Commission Annual Report 16. Smart Grid Technologies Page 26 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Important Changes During the Reporting Year For the reporting year, please include a short narrative description on this page of the annual report for the following: 1. Purchase, sale, discontinuance or abandonment of service of major utility facility operating units, property or equipment, specifying a description of the property and the transaction and the docket number for which authorization was granted. 2. All important financial changes of respondent such as bond issues or retirements, showing amounts, identity of bonds and purpose of or reason for the change. 3. Additional matters of fact (not elsewhere provided for) which the respondent may desire to include in this report. In April of 2013 Carbon Power & Light Inc entered into the NRECA Retirement Security (RS) Plan prepayment program. Carbon Power & Light Inc's prepayment amount for its share of the future RS contributions was $822,000.00 which was financed through National Rural Utilities Cooperative Finance Corporation (NRUCFC) for a 10 year period. Per the memorandum issued by RUS on February 14, 2013 the prepayment amount was recorded in account 186.20 and Carbon Power & Light Inc is expensing to current employee expense accounts 580.00 through 920.00; with the interest expense being recorded to account 427.40. On November 2016 Carbon Power & Light Inc. entered into a contract to purchase the property located at 101 E Willow. Earnest money was given at that time in the amount of $5,000.00. The sale is to be completed on January 3, 2017. Funds for the purchase of this property were wire transferred to First American Title on December 30, 2016 in the amount of $408,818.02. This purchase consists of a shop building and five (5) lots. The property will be capitalized for 2017. Wyoming Public Service Commission Annual Report 17. Changes During the Year Page 27 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Reconciliation of Gross Wyoming Intrastate Retail Revenue 1 2 3 4 Description Total Wyoming Operating Revenues (400) Gross Wyoming Intrastate Retail Revenues Difference between Operating & Intrastate Revenue Adjustments to Operating Revenue Accounts that Derive 5 Gross Wyoming Intrastate Retail Revenues 6 Non Operating Revenues for 2016 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 105 Total Adjustments Amount $13,691,017.83 $13,770,364.13 ($79,346.30) Amount Adjustment Explanation ($79,346.30) Non operating revenues added to electric sales ($79,346.30) Notes: Wyoming Public Service Commission Annual Report Tab: 18. Intrastate Revenues Page 28 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Interest Rate State the interest rate the utility used for deposits in 2016. If the interest rate used by the utility is different from the Commission Authorized Interest Rate for 2016, please explain why and indicate how the utility will correct or has corrected the oversight. Interest rate for 2016 was 1.75% per notice from the WPSC Supplemental Notes to this Annual Report Supplemental Notes, page 1 Wyoming Public Service Commission Annual Report 19. Int. Rate & Sup. Notes Page 29 of 30 Carbon Power & Light Inc Docket No. 10002 Reporting Year: 2016 Original Filing 1/0/1900 Oath and Verification Once report is complete, this page must be printed, signed, notarized, and mailed to the Wyoming Public Service Commission. WYOMING CARBON State of: County of: Affiant name: Official title: Legal name of reporting entity: RUSSELL WALDNER GENERAL MANAGER Carbon Power & Light Inc The Affiant, of lawful age, first being sworn according to law, upon oath hereby deposes and says: 1. Affiant has, by all necessary action, been duly authorized to make this Verification; 2. Affiant has examined the foregoing Annual Report and all attachments thereto; 3. Except as may be set forth in Paragraph 4 of this Oath and Verification, Affiant hereby verifies, upon Affiant's knowledge, that all statements contained in the foregoing Annual Report and all attachments thereto are correct and complete and constitute a correct statement of the business affairs of the above-named reporting entity with respect to each and every matter set forth therein for the period from and including January 1, 2016, to and including December 31, 2016; 4. Here state the source of Affiant's information and grounds of Affiant's beliefs as to any matters not stated to be verified upon Affiant's knowledge: Affiant Signature: Name and Title (please type): Valerie Remick Staff Assistant Notary (seal) (seal) State of: County of: Subscribed and sworn to before me on this Wyoming Carbon 17 day of March Witness my hand and official seal: My Commission Expires: Wyoming Public Service Commission Annual Report 20. Oath & Verification Page 30 of 30