STATISTICS OF ELECTRIC, GAS STEAM HEAT TELEPHONE, TELEGRAPH AND WATER COMPANIES STATE OF OREGON RICHARD W. SABIN PUBLIC UTILITY COMMISSIONER

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2 STATISTICS OF ELECTRIC, GAS STEAM HEAT TELEPHONE, TELEGRAPH AND WATER COMPANIES 1973 STATE OF OREGON RICHARD W. SABIN PUBLIC UTILITY COMMISSIONER SALEM, OREGON

3 PUBLIC UTILITY COMMISSIONER OF OREGON TOM McCALL GOVERNOR RICHARD W. SABIN Commissioner PUBLIC SERVICE BUILDING October The Honorable Tom McCall Governor of Oregon State Capital Salem, Oregon Dear Governor McCall: SALEM, Telephone (503) 378- This is the calendar year 1973 report of the following investor owned utility companies and municipally owned electric utilities operating in Oregon: Joint 1 Electric 2 11 Gas 2 Telephone 46 Telegraph 1 Water 12 Investor Owned Joint Utility Electric, Water and Steam Heat Investor Owned Joint Utility Electric, Gas and Telephone Investor Owned Electric Utilities Municipally Owned Electric Utilities (Operating Data) Gas Utilities Telephone Utilities Telegraph Utility Water Utilities Respectfully submitted, ~~to).~ RICHARD W. SABIN Public Utility Commissioner ORS 756.0<40(1) The commissioner... "shall represent the cuatomera of any public utility, railroad or motor carrier, and... he shall make use of the jurisdiction and power of hia office to protect such cuatomers, and the public generally, from unjust and unreasonable exactions and practices and to obtain for them adequate service at fatr and re sonable rates,"

4 TABLE OF CONTENTS JOINT UTILITIES: Foreword Index to Companies Financial Data ELECTRIC: Foreword Index to Companies PAGE NUMBER GAS: Chart - Average in Residential Electric Service Chart - Dollar Distribution of Gross Electric Operating Revenues Electric Generation and Use Statistics Electric Financial & Statistical Data by Individual Companies Statistical Data -Municipalities Foreword Index to Companies Chart - Dollar Distribution of Gross Gas Operating Revenues Chart - Gas Sales Revenue and Customer Data Chart ~ Therms of Gas Sold Gas Financial and Statistical Data by Individual Companies

5 TABLE OF CONTENTS STEAM HEAT: Foreword Index to Companies Financial and Statistical Data TELEPHONE: Foreword Index to Companies Total System Balance Sheet - Summary Total System Income Statement - Summary Oregon Results of Operations and Selected Statistics - Summary Chart - Gross Operating Revenues - State of Oregon Chart - Dollar Distribution of Gross Operating Revenues - State of Oregon Financial and Statistical Data by Individual Companies Classes A and B Telephone Utilities Class C Telephone Utilities PAGE NT.1MBER So 81-96

6 TABLE OF CONTENTS TELEGRAPH: Foreword Index to Companies Financial and Statistical Data }'AGE NUMBER WATER: Foreword Index to Companies Chart - Dollar Distribution of Revenues - Oregon Financial and Statistical Data by Companies: Class A Water Utilities Class C & D Water Utilities NOTE: The data presented herein has been compiled from unaudited annual reports filed with the Commissioner and is published as a supplement to the Commissioner's report to the Governo~.

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8 1 FOREWORD The Joint Utilities in this report are Class A, having operating revenues over $2,500,000. California-Pacific Utilities furnishes Electric, Gas and Telephone services in Oregon. Pacific Power & Light Company furnishes Electric, Water and Steam Heating services in Oregon.

9 2 INDEX TO COMPANIES PAGE NUMBER JOINT UTILITIES: Total System Balance Sheet Summary of Utility Plant Total System Income Statement Summary of Income COMPANIES: California-Pacific Utilities Company Pacific Power & Light

10 JOINT UTILITIES TOTAL SYSTEM BALANCE SHEET DECEMBER 31, ASSETS AND OTHER DEBITS CALIFORNIA-PACIFIC UTILITIES CO. PACIFIC POWER & LIGHT COMPANY TOTAL Utility Plant Less: Depr. & Amort. Reserves Net Utility Plant Other Property & Investments Current & Accrued Assets Deferred Debits Total Assets & Other Debits $ 97,703, ~2 1 ~68 76,771,574 1,139,692 6,694, $ $1,364,553,512 $1,462,257, ~ ~ ,178,549,763 1,255,321,337 34,171,266 35,310,958 43,863,625 50,558,255 2~ 1 ~ $ ~0 $1.36].402,1 0 LIABILITIES AND OTHER CREDITS Proprietary Capital Capital Stock - Common - Preferred Premium & (Discount) on Cap. Stk. Other Paid-In Surplus Install. Received on Cap. Stk. Capital St<;>ck Expense Earned Surplus - Other Reacquired Capital Stock Total Proprietary Capital Long Term Debt Current & Accrued Liabilities Deferred Credits Operating Reserves Contributions in Aid of Canst. Accumulated Def. Income Taxes Total Liabilities & Other Cr. $ 5,582,210 7,205,620 8,142,016 $ (48,191) 14,156,267 35,037,922 40,145,620 8,Q81,663 1,192,189 6,704 60,978 ~ $ 66,935, ,236,000 $ 72,517, ,441, ,486, ,628,650 22,159 22,159 (6,046,495) (6,094,686) 125,484, ,640, ,llB,7o4 525,156, ,353, ,498, ,866, ,948,504 13,907,504 15,099,693 1,680,436 1,687,140 9,139,881 9,200,859 ~ $ tz ~6 $ % of Capitalization Rep. By: Proprietary Capital Long Term Debt (Red Figures)

11 4 JOINT UTILITIES SUMMARY OF UTILITY PLANT - TOTAL SYSTEM DECEMBER 31, 1973 CALIFORNIA-PACIFIC UTILITIES co. Plant in Service Plant Held for Future Use Construction Work in Progress Acquisition Adjustment Total Utility Plant Accum. Reserve for Depree. Net Utility Plant ELECTRIC GAS WATER STEAM HEAT $ 44,259,502 $29,037,464 $ },035,173 $ 242,757 72,388 14,335 44,502', ,109,852 3,049, : z802 $ $ $ 2, $ TELEPHONE COMMON TOTAL $19,412,885 $715,834 $ 96,460, ,686 7,918 1,243,084 20,318, ,752 97,703, $ $ $ PACIFIC POWER & LIGHT CO. Plant in Service Plant Held for Future Use Construction Work in Progress Acquisition Adjustment Total Utility Plant Accum. Reserve for Depree. Net Utility Plant $1,168,225,369 $ $21,603,614 $3,042,147 5,298, ,044,896 4o8,994 13,478 2a216z2ll 1,339,485,279 22,012,608 3,055, z928a $1!158, $ $18!014!065 $ $ $ $1,192,871,130 5,298, ,467,368 2z216z211 1,364,553, $ $ $1.1:Z Z63

12 5 JOINT UTILITIES TOTAL SYSTEM INCOME STATEIVJENT DECEr>ffiER 31, 1973 INCOME STATEMENT CALIFORNIA-PACIFIC UTILITIES CO. PACIFIC POwER & LIGHT COMPANY TOTAL Operating Revenues $ 35,029,229 $ 224,030,037 $ 259,059,266 Operating Expenses Depreciation & Amortization Taxes Total Operating Expenses Net Operating Income 21,650,745 3,016,320 4z0~2z22~ ~~( 6,266, 31 97,302,852 23,573,118 2~2468! ~4424~0 75, 85, ,953,597 26,5e9,438 ; ~~ l~1zl01z0-- 1,952,178 Other Income Total Income 262z2~ 6,532,1 1~ ~6 8,866,6 3 1; ,398,847 Misc. Deductions from Income Income Avail. for Fixed Chgs. Interest on Long Term Debt Other Fixed Charges Total Fixed Charges Net Income ,353,474 2,508, ~~~46 2zZ $ ~!599! ,567,479 30,607,841 ~ 1 41~ :fa02- z22~ $ , ,920,953 33,116,511 ~ :2-z112z:27l $ 5:Z 11 J.4;l,S82 EARNED SURPLUS Balance, January 1 Net Income Other Credits $ 12,028,120 3,599, ,281 $ 107,761,077 53,542, ,000 $ 119,789,197 57,141,582 1,281,281 Dividends Other De.bi ts 1,760, ,211 39,550,201 4, * 41,310,876 4,121,012 Balance, December 31 $ $ ].902 $ ,169 * Unappropriated undistributed subsidiary earnings

13 6 JOINT UTILITIES INCOME SUMMARY - TOTAL SYSTEM YEAR 1973 CALIFORNIA-PACIFIC UTILITIES CO. Operating Revenues Operating & Maint. Expenses Depreciation Expenses Taxes Total Utility Operating Expenses Net Utility Operating Income ELEC'IRIC GAS WATER - $ 15,342,062 $12, $ ,492,547 8,289, ,044 1,175, ,839 68,490 1,389,850 1,325,617 64,815 l2z021z z242 $ 2,284,473 $ 1.824,092 $ STEAM HEAT TELEPHONE TOTAL $ $z $ 35, ,669,038 21,650, ,799 3,016,320 1,315,251 4, $ S2, $ 6,266,631 PACIFIC POWER & LIGHT CO. Operating Revenues Operating & Maint. Expenses Depreciation Expenses Taxes Total Utility Operating Expense Net Utility Operating Income $2201 :2:Z:Z,100 $ $2,187,577 94,461,423 1,353,629 23,082, , : z08:2 144z212z $ :Z2s~28,022 $ $ 280!612 $1,465,360 $ ~24,030,037 1,487,800 97,302,852 96,549 23,573,118 ( ) !220 lz228z! : $ (2:2,220) $ $ 15,685,541 (Red Figures)

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15 7 FOREWORD All of the Electric Utilities in this report are Class A - having operating revenues over $2,500,000. The average KWH consumption of residential customers for Oregon operations of privately owned electric utilities, as well as total United States, is as follows: Privately Owned Electric Utilities Total United States!W. 13,588 7,981 l,2zg 13,697 7, ,641 7,380 Electric Customers in the State of Oregon at December 31, 1973, were served by the following types of electric utilities: Type of Utility Privately Owned Municipally Owned Cooperatives Peoples Utility Districts Number of Utilities Percent of Customers in State 81,% NOTE: Municipally Owned Utilities, Cooperatives and FUD's are not subject to regulatory jurisdiction of the Public Utility Commissioner, except for safety and area allocation. Operating data on lln.micipa.lly Owned Utili ties is provided for informational purposes only.

16 8 INDEX TO COMPANIES PAGE NUMBER PRIVA-TELY OWNED ELECTRIC UTILITIES: Total System Balance Sheet Total System Income Statement Net Operating Income - Oregon and System Sources and Disposition of Energy - Oregon and System Sales Statistics - Oregon and System COMPANIES: Idaho Power Company Portland General Electric MUNICIPALLY OWNED ELECTRIC UTILITIES: Operating Revenues, Expenses and Income Sources and Disposition of Electric Energy - Sales Statistics SYSTFNS: (M KWH) City of Ashland City of Bandon City of Canby City of Cascade Locks City of Drain City of Eugene City of Forest Grove City of McMinnville City of Milton-Freewater City of Monmouth City of Springfield

17 9 0 ~ ~ ~ I I I I f5 Vi p? ~~ ~ 0 0 \11 I I I I I ~I ~~I ~ ~, ~ 'U :::s = I I ~!I I ~~1 s:. I I IU () C> = V\ I. ~)I _s;: ~ I <::; ~. I.:s -'<:;:] ~ I --s ~I ~ ~ I -s ~~I I ' ~JI I ~~, ~~I I I I - '40~J ~ 1<..6SIC>6NTI.-4L AVbJ2:Aqt;;.S in OR.t;;:00N IOJ73

18 10 ~ 1./) s::: 0 Ul - E ~ 0 + ~ C:> <::::> ~ ~ 0...q- ~ ~ t ~ :::s= s:: J r...p 0 = s:: ~ C> E -'it...9 ~ ~ ~ (5'\ / g <;:: ([) ~ :> \- J, ~ s:::: 0 t- -+- ri z / ~ t5 0 Q Lll IJ J l1l Lll fy ~ o G ~ ~ 0.-, \.J.> \,{:) -::5~ \:9.;p,IS.,.x--Y s~ <-+- C) Lll.s:: ;:::::-_ ~...\-- ~~ 00 s:. --.:;;;:. <:) I ~C>-- )9 ~-- x-: ~ g-~ +- f ::s ~<;,.-: 0 s;:::.~..s:j, ~ ~ 0 g ~ <::> t o- Lll ~ ~ -<;[}-? ~ Ci Cl

19 11 ENERGY GENEF.ATED, IMPORTED AND SOLD BY PRIVATELY 01-rn:ED ELECTRIC UTILITIES IN ORIDON YEAR (IN M KW'H) CALIF.-PACIFIC UTILITIES CO. IDAHO POV.JER COMPANY PACIFIC POWER & LIGHT CO. PORTLAND GEN. ElECTRIC CO. TOTAL Hydroelectric Generation Net Output 4,100 3,311,477 1, 705, 823 2,282,109 Other Generation Net Output 38, , ,115 Net Interchange Energy Received from Other States Import and Purch 8 ses to Oregon 25, ,913 60,330 (337,113) 5,378,254. 5,429,351 (688,632) 10,494,724 (699,832) 5,378,254 16,009,915 Export from Oregon (2,071,958) (237,807) (2,309,765) Total Net 29,610 1,625,762 11,977,052 12,415,772 26,048,196 Used by Utility 598 (1) 22,307 20,133 43,038 Trans. State 244, ,292 Unaccounted For 30, , ,845 1,754,548 Inter Utility Sales - Intertie and Pool 165,644 2,376, ,392 Inter Utility Sales - Oregon 390,156 (753,459) 387,303 (24,000) 0 Sales to Ultimate Consumers 388, , ,271 10,730,921 20, (1) Included in Unaccounted For (Red Figures)

20 12 TOTAL ENERGY GENERATED, IMPORTED AND SOLD BY PRIVATELY OWNED ELECTRIC UTILITIES IN OREGON (IN M KWH) HYDRO- ELECTRIC GENERATION ~ NET OUTPUT ,347, , 497, ,484, ,971, ,337, ,611, ,778, ,156, ,215, ,126, ,303,509 PURCHASES FROM NON- TOTAL OREGON OTHER UTILITIES GENERATION NET GENERATION NET INTER- PURCHASES & IMPORT OR TOTAL NET NET OUTPUT CHANGES INTERCHANGES EXPORTS () OREGON 23,778 (83,033) 4,288,153 7,721,412 12,009,565 4,239 (166,005) 4,336,110 8,718,141 13,054,251 (7,348) (381,921) 5,095,061 8,610,043 13,705,104 16,016 52,958 5,040,292 9,752,054 14,792,346 (4,843) (570,199) 4,762,049 10,499,935 15,261,984 (2,118) 67,991 6,677,472 12,142,297 18,819,767 (3,985) (468,644) 7,305,936 12,188,084 19,494,020 (4,136) 350,090 8,502,932 13,228,178 21,707,110 (4,447) 552,938 9,764,316 14,054,603 23,818,919 (4,587) 1,094,641 10,216,702 15,574,806 25,791, ,115 (699,832) 6,969,792 19,078,404 26,048,196 TOTAL USED BY UNACCOUNTED OREGON UTILITY FOR SALES 23,789 1,232,711 10,753,065 26,632 1,358,039 11,l569,580 28,403 1,465,485 12,211,216 28,913 1,294,900 13,468,533 31,286 1,506,761 13,723,927 32,503 1,658,995 17,12e,271 34,970 1,637,688 17,821,362 32,666 1,835,516 19,838,928 38,154 1,913,499 21,867,266 43,017 2,132,673 23,297,498 43,038 1,754,548 24,250,610 (Red Figures)

21 CLASS A PRIVATELY OvmED ELOCTRIC UTILITIES TOTJU, SYSTEM BALANCE SHEET DECEMBER 31, ASSETS AND OTHER DEBITS CALIF.-PACIFIC IDAHO POWER PACIFIC POWER UTILITIES CO. COMPANY & LIGHT COMPANY PORTLAND GEN. ELEC. CO. TOTAL CLA.SS A ELEC. UTIL. Utility Plant Less: Depr. & Amort. Reserves Net Utility Plant Other Property & Investments Current & Accrued Assets Deferred Debits Total Assets & Other Debits (1) $689,336,465 (1) ,511,42o 642,385 17,916, :22 $b0~ 1 8Zls0~2 $757,679,646* 8~ 2 :24: ,335,964 5,680,364 37,387,679 ~ $ $1,447,016, Z2~ 1,256,847,38 6,322,749 $1, !200 LIABILITIES AND OTHER CREDITS Proprietary Capital Capital Stock - Common - Preferred Premium & (Discount) on Cap. Stk. Other Paid-In Surplus Install. Received on Cap. Stk. Capital Stock Expense Earned Surplus - Other Reacquired Capital Stock Total Proprietary Capital Long Term Debt Current & Accrued Liabilities Deferred Credits Operating Reserves Contributions in Aid of Const. Accumulated Def. Income Taxes Total Liabilities & Other Cr. $ 36,750~000 36,590,000 68,333,101 (946,285) 84,557, ,193, ,981, ,095,513 3,851, ,492 22a~Z8a402 $ $ 39,375,000 Bo,ooo,ooo 69,245,000 2,938,114 ( 1, 264., 083) 77,452, ,746, ,710, ,811,196 2,554,887 2,166,000 ~a248az22 $Zl.528.lol $ 76,125, ,500, ,578,101 2,938,114 (2,210,368) 162,009, ,940, ,692, ,906,709 6,406,481 2,336,492 :2~ 1 12Z 1 1:28 $ ~ % of Capitalization Rep. BW: Proprietary Capital Long Term Debt o (1) System Balance Sheet is reported in Joint Utilities. * Includes Nuclear Fuel (Red Figures)

22 14 ClASS A PRIVATELY OWNED ELECTRIC UTILITIES TOTAL SYSTEM INCOME STATEMENT YEAR INCOME STATEMENT Operating Revenues Operating Expenses Depreciation & Amortization Taxes (Net) Gains, Losses from Disp. of Utl. CALIF.-PACIFIC IDAHO POWER PACIFIC POWER UTILITIES co-. COMPANY & LIGHT COMPANY (1) $ 90,709,675 (1) 31,394,652 8,252,184 19,492,134 Plant - Total Operating Expenses 22al2Ba2ZO Net Operating Income 31,570,705 Other Income Z 1 60g 1 ~6o Total Income 39,17,65 Misc. Deductions from Income 2Z Income Avail. for Fixed Chgs. 38,901,436 Interest on Long Term Debt 12,306,967 Other Fixed Charges 2z022z226 Total Fixed Charges Net Income $ PORTLAND GEN. ELEC. CO. $124,832,756 61,992,:766 7,223,866 14,964,732 ~828z22Z) 92z222zlOZ 41,509, ~ ,3 2,875 4: ,910,031 18,591,440 ~~zo2az ;24 2 1Z~ $ 26, TOTAL ClASS A ELEC. UTIL. $ 215,542,431 93,387,418 15,476,050 34,456,866 (8g8!22Z) Z~ 73,090, : ,539,340 ~27 1 8~2 91,11,4 7 30,898, ~ ~ 4la 2~z02 $ 50, EARNED SURPLUS Balance, January 1 $ 76,043,962 Net Income 23,498,513 Other Credits $ 71,980,136 26,615,858 $ 148,024,098 50,114,371 Dividends 14,985,450 Other Debits Balance, December 31 $ (1) System Income Statement is reported in Joint Utilities. (Red Figures) 20,787' 000 2:26aZ22 $ ,772, zZ22 $ 162,009,297

23 CLASS A PRIVATELY OWNED ELECTRIC UTILITIES NET OPERATING REVENUES - OREGON AND SYSTEM 15 YEAR CALIF.-PACIFIC UTIL. CO. IDAHO PO"'w'ER COMP M'Y PACIFIC POWER & LIGHT CO. OPERATING REVENUE OREGON SYSTEM OREGON SYSTEM OREGON SYSTEM Residential $3,016,492 $ 7,084,490 $1,870,048 $30,142,009 $ 54,297,291 $ 81,604,724 Commercial 2,074,514 5,872,881 1,955,496 30,990,659 33,642,549 54,659,620 Industrial 1,130,476 1,826, ,213 16,838,468 22,136,697 42,357,840 Public St. & Highway Lighting 93, ,967 53, ,630 1,308,259 2,132,115 Other Public Authorities 52,105 96, , ,927 Interdepartmental Sales 75, ,412 Other Sales - - Total Rev. from Utl. Gon. 6,366,660 15,149,665 4,483,102 78,695, ,o26, ,573,638 Tvlunicipal Distribution Systems 1,517, ,819 1,355,936 Cooper~tive Distribution Systems 246, a1 Other Public Authorities 1,057,625 11,351,561 17,235,823 Other Electric Utilities 2z262z226 :Zz:22lz721 8zl48z22~ ~ Total Sales for Resale - - :2z262z2: lt: :Z :Z:24 Total Rev. - Sales of Elec. Energy 6,366,660 15,149,665 7,753,038 88,8 9, ,498, ,140,372 Other Electric Revenues 2:2z026 1!2z:2t2 I8z8Il l 1 8;24 2 4I6 :2 1 2;26 1 I28 Total Operating Revenues 6,419,716 15,3 2,0 0 7,831,909 90,709, ,333, ,377,100 OPERATING EXPENSES Production 2,635,494 7,382,574 1,347,175 14,044,644 33,603,634 54,453,410 Transmission 26,344 83, ,760 2,665,114 4,436,907 7,002,996 Distribution 508,383 1,161, ,009 5,773,667 5,625,590 9,076,015 Customer Accounts 304, , ,569 1,792,534 3,777,739 6,094,127 Sales 86, ,780 88,353 1,358,653 2,086,278 3,369,462 Administrative & General 46I 1 21:2 l 1 12I 1 I~t 42;2 1 42:2 :2 2 I ~: :2 1 41:2 Total Electric Oper. Exp. 4,029,015 10,492,5 2,715,291 31,394,652 58,357,2 1 94,461,423 OTHER DEDUCTIONS FROM REVENUES Depreciation & Amortization 515,604 1,175, ,050 8,252,184 14,546,933 23,082,379 Taxes 795,299 1,389,850 1,839,669 19,492,134 16,244,425 27,435,206 Gains, Losses from Disp. of Util. Plant (Net) - - Total Revenue Deductions 5.)39,Ql8 1;2,05I 1 2BB , B,2IO B2 1 14B ,~9I2. o08 Net Operating Revenues $1!0;l9.198 $ $2, $ $ ~1 $ :Z2 ~~~ 0~2

24 16 CIASS A PRIVATELY OWNED ELECTRIC UTILITIES NET OPERATING REVENUE - OREGON AND SYSTEM YEAR OfERATING REVENUE Residential Conmercial Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Total Rev. from Utl. ~on. l>mnicipal Distribution Systems Cooperative Distribution Systems Other Public Authorities Other Electric Utilities Total Sales for Resale Total Rev. - Sales of Elec. Energy Other Electric Revenues Total Operating Revenues OPERATING EXPENSES PORTLAND GENERAL ELECTRIC COMPANY OREGON $ 63,007,324 36,691,028 16,805,433 2,947, , ,599, ,931 2,281,476 3,093,40~ 122,692,44 2,140, ,832,75"b TOTAL ClASS A ELECTRIC UTILITIES OREGON SYSTEM $122,191,155 74,363,587 40,676,819 4,402, ,866 75, ,475, , ,163,492 lg,699,9tl 2,835, ,310,760 4,106,*11 273,417, 71 $181,838, ,214,188 77,82B,045 6,074, , , ,0lB,11o 2,873, ,755 19,105,379 24,608,1~5 46,833, ,851,759 9,409, ,261,591 Production Transmission Distribution Customer Accounts Sales Administrative & General Total Electric Oper. Exp. 37,861,252 3,770,037 7,359,607 4,791, ,442 7,686,6~4 61,992,7 5 75,447,555 8,494,048 13,902,589 8,990,979 2,784,714 17,474, ,094, ,741,880 13,522,005 23,371,043 13,297,215 5,369,337 2~,0~9,906 19,3 1,386 OTHER DEDUCTIONS FROM REVENUES Depreciation & Amortization Taxes Gains, Losses from Disp. of Util. Plant (Net) Total Revenue Deductions 7,223,866 14,964,733 ~828z22Z) 83,323,1oz 23,113,453 33,844,126 (828,22p 183, ,733,621 63,281,923 ~82!3z22Z) 3oo,498,6z3 Net Operating Revenues $ ,649 $.90,223,837 $ (Red Figures)

25 CLASS A PRIVATELY OWNED ELECTRIC UTILITIES SOURCES AND DISPOSITION OF ELECTRIC ENERGY - OREGON AND SYSTEM YEAR KWH IN THOUSANDS 17 CALIF.-PACIFIC UTIL. CO. IDAHO POWER COIVIPANY PACIFIC POWER & LIGHT G!!NER~TION ~EXCLUDING STATION USE) OREGON SYSTEM OREGON SYSTEM OREGON system Steam 9,828' 38,544 6,517,051 Hydro 4,100 11,218 3,311,477 8,135,568 1,705,823 3,777,896 Combustion Turbines Internal Combustion Total 4,100 21,048 3,311,477 8,135,886 1,744~67 10,294,947 REC 1 D FROM POI-JER POOL OR OTHER STATES, DIV. OR DISTRICT 5,140,447 PURCHASED E1~ERGY 415, ,317 60,330 1,095,707 5,429,351 9,415,622 INTERCHANGES IN ~NET L 222z212 ~ ~221all2) ~22ez222) Grand Total Available 41~ 1 1Zb ~52.~b , Sl~ES TO ULTI~~TE CONSUMERS Residential 166, , ,157 1,765,309 3,757,699' 5,529,310 Commercial 100, , ,470 2,236,043 2,224,640 3,388,342 Industrial 115, ,001 71,962 2,856,140 3,120,163 5,230,515 Public St. & Highway Lighting 1,965 6,121 1,301 18,616 47,942 72,436 Other Public Authorities 3,912 6,539 71,919 84,971 Interdepartmental 7,909 13,138 Other Sllles - Total Ultimate Consumers 388, , ,890 t>,b7b,lob 9,230,272 14,31B,712 SALES FOR RESALE Municipal Distribution Systems 244, , , ,079 Cooper&tive Distribution Systems 29, Other Public Authorities 814, , ,700 1,508,792 Other Electric Utilities la212a26:z Total Sales for Resale - - lzl62z2@2 lz@22z462 lz282z622 2z220zl24 Total All Sales 388,2t>8 872,248 1,472,2 5 8, 01,573 11,219,901 17,708,906 ENERGY NOT REPORTED AS SOLD Furnished to Other States, Div. cr District 2,071,958 Furnished Without Charge Used by the Company 222 2z2l z218 Total Not Reported as Sold 2z212 2zO~la2~ 22 1 ~2~ Total Accounted For 388, g~ 874,767 3,5 4,23 8,8o1,573 11,242, 2 17,7 ~~~~bo, 66 Balance Lost ~0.20~ 11a2~8 l22z a~o lz421a22l Grand Total Distribution of Energy !3 5 2, ,b22.-Z2 11,217! !017. GENERP.TING CAPACITY (KI-J) Steam 7,500 35,500 2,159,229 Hydroelectric Boo 3, ,500 1,278, , ,~93 Combustion Turbines 23, 00 Internal Combustion -. l~;~g ~~;ozj Total Kll Generating Capacity BOO ].)70 ~.o4z.-22 (R~d Figures) 1 ~00

26 CLASS A PRIVATELY m.jned ELECTRIC UTILITIES 18 SOURCES AND DISPOSITION OF ELECTRIC ENERGY - OREGON AND SYSTEM YEAR KWH IN THOUSANDS GENERATION (EXCLUDING STATION USE) Steam Hydro Combustion Turbines Internal Combustion Total REC'D FROM POWER POOL OR OTHER STATES, DIV. OR DISTRICT PURCHASED Er~ERGY INTERCHANGES IN (NETl Grand Total Available SALES TO ULTIMATE CONSUMERS Residential Commercial Indi.lstrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Other S'lles Total Ultimate Consumers SALES FOR RES1\LE Municipal Distribution Systems Cooper&tive Distribution Systems Other Public Authorities Other Electric Utilities Total Sales for Resale Total All Sales ENERGY NOT REPORTED AS SOLD Furnished to Other States, Div. or District Ft1rnished Without Charge Used by the Company Total Not Reported as Sold Total Accounted For Balance Lost Grand Total Distribution of Energy. GENER.i~TING CAPACITY (K1-J1 Steam Hydroelectric Combustion Turbines Internal Combustion Total KTt7 Generating Capacity PORTLAND GENERAL ELECTRIC COMPANY O~GON. 167,.154 2,282, ,417 2,609,680 10,494,724 (688,632) 12, ,684,806 2,648,578 3,285,372 93,758 18,407 10,730, ,130 76, ,392 11,560,313 20,133 11,580,4 835, , , ,420 ~,500 TOTAL CLASS A ELECTRIC UTILI'ITES OREGON SYSTEM 205,698 6,694,033 7,303,509 14,206, , , ,669,624 {1,061,561 5,140,447 16,399,481 (699,832) ,719,069. 5,098, 766 6,593, ,966 94,238 7,909 20,658, , ,561,029 1,019,~~ ~ t82, 1 2, 4o,767 2,071, ,039 1,90 ' 43 21,937,370 (829,298) ,387,596 8,558,379 11,538, , ,917 13,138 32,797, ,665 29,424 2,366,827 ~,264,135,145,0~1 38,943, ,170 39,001,452 3,168,181 42, ,277,229 2,679, , ~ 5,311,5

27 19 CLASS A PRIVATELY OWNED ELECTRIC UTILITIES SALES STATISTICS - OREGON AND SYSTEM YEAR AVERAGE NUMBER OF CUSTOMERS Residential Commercial Industrial Public St. &: Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Tbtal Ultimate Consumers Resale Customers Total Customers A VERA.GE REVENUE PER KWH SOLD Residential Commercial Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Sales for Resal()' Total Sales RESIDENTIAL AVERAGE PER CUSTOMER Revenue KWH Sales CALIF.-PACIFIC UTIL. CO. IDAHO PO\IJ"ER COMPANY OREGON SYSTEM OREGON SYSTEM 16,519 36,263 9, ,311 2,970 6,670 2,760 31, ,561 43,125 12, ,918 19,561 43,125 12,02~ J_C(l _ $ $. 195.,.36 $ $ ,074 11,256 11,932 11,515 - PACIFIC PO\ JER & LIGHT CO. OREGON SYSTEM 284, ,238 43,417 72, , sob , , ,1~ $ $ ,199 12,391

28 20 CLASS A FRIVATELY OWNED ELECTRIC UTILITIES SALES STATISTICS - OREGON AND SYSTEM YEAR AVERAGE NUMBER OF CUSTOMERS Residential Commercial Industrial Public St. &: Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Total Ultimate Consumers Resale Customers Total Customers AVERAGE REVENUE PER KWH SOID PORTLAND GENERAL ELECTRIC COMPANY OREGON 331,233 41, , TOTAL CLASS A ELECTRIC UTILITIES OREGON SYSTEM 641,678 90,336 1, , , ,786 2,763 1, ,123, , Residential Conmercial Industrial Public St. &: Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Sales for Resale o Total Sales RESIDENTIAL AVERAGE PER CUSTOMER Revenue KWH Sales $ ,144 $ ,588 $ ,810

29 MUNICIPALLY 0~~ UTILITIES IN OREGON OPERATING REVENUES, EXPENSES AND INCOivlE 21 CITY OF CI'IY OF CITY OF OPERATING REVENUES ASHLAND BANDON CANBY Residential & Rural $ 945,202 $ 217,643 $ 259,390 Commercial & Industrial 554, , ,975 Public St. & Highway Lighting 5,681 1,778 3,285 Other Public Authorities 12,951 12,845 9,864 Other Sales - Total Rev. from Ultimate Consumers 1,518,5o3 366, ,514 Sales to Other Electric Utilities Interdepartmental Sales Total Rev. - Sales of Elec. Energy 4 6~z 1,545, , ,514 Miscellaneous Revenues 28 2tl :2 4~1282 Total Operating tlevenues 1,574,2 3 3B7,245 44,796 OPERATING EXPENSE CITY OF CITY OF CITY OF CASCADE LOCKS DRAIN EUGENE $ 70,704 $ 72,873 $ 8,483,808 99, ,483 5,756,723 1,760 2,361 53,384 6, ,717 14,293, ,750 -!26 1 6:24 178, ,717 15,272, : , ,381 15,499,285 Production 625, , ,101 Transmission Distribution 271,647 83~739 45,312 Utilization Commercial 27,342 4,869 New Business 6,260 19,172 General & Miscellaneous :22.8; ~z228 Total Electric Op. Expenses 929, ,516 31,982 33,760 90,875 5,392, ,276 83,898 23,154 1,351,713 7,761 14,332 6o6,812 1,048 28,597 z6.62:2 1Zz4Z~ l 1 : Z 203, ,83 8,960,577 OTHER DEDUCTIONS FROM REVENUES Depreciation Expenses 52,314 20,452 Uncollectible Accounts Taxes 4~ lz 1 ;264 Total Deductions 1,3 7, , ,798 Net Operating Income $ 206,555 $ (4!627) $ 95,998 17,326 13,B87 2,354,460 1:2z~ ,10 179,915 12,451,979 $ ("3"3.298) $ 2!466 $ ~,047,206

30 22 MUNICIPALLY OWNED UTILITIES IN OREGON OPERATING REVENUES, EXPENSES AND INCOME OPERATING REVENUES CITY OF CITY OF CITY OF CITY OF FOREST GROVE McMINNVILLE MILTON-FRE&IATER MONMOUTH Residential & Rural $ 596,773 $ 771,894 $ 353,261 $ 263,773 Commercial & Industrial 317, , ,282 84,703 Public St. & Highway Lighting 26,741 9,750 5,784 31,537 Other Public Authorities 26,687 25,683 Other Sales - ~4z42!2 Total Rev~ from Ultimate Consumers 967,710 1,664, , ,013 Sales to Other Electric Utilities Interdepartmental Sales Total Rev. - Sales of Elec. Energy 967,710 1,664, , ,013 Miscellaneous Revenues z84 20z Total Operating hevenues 980,130 1,693, , ,629 CITY OF SPRINGFIElD TOTAL MON. UTIL. $ 914,217 $12,949, ,254 8,694,19~ 19, ,06 44, ,045 - ~4z4t!2 1,427,240 21,978,3 1 3, , ,430,396 23,014,065!2z712 1,436,108 4~1~~12 23,445,377 OPERATING EXPENSE Production 419, , , ,318 Transmission 36 26, Distribution 88, ,261 66,028 41,958 Utilization Commercial 33,907 36,313 36,560 18,448 New Business 4, ,794 General & Miscellaneous ! ZOz t0~ Total Electric Op. Expenses 771,371 1,136,18o 494, ,27 686,416 8,842, , ,448 2,397, , ,302 15,378 77,576 ~ ~2 1 22!2 1, 7,286 14,623,931 OTHER DEDUCTIONS FROM REVENUES Depreciation Expenses 83, ,366 55,169 30,495 Uncollectible Accounts 480 Taxes ~ z2~ Total Deductions 920,75 1,407, , ,426 Net Operating Income $ 52,272 $ 286,642 $ 50,016 $ 55!20~ 99,347 2,881, : t~ ,237,720 19, 0,355 $ $ ~!~65!022

31 MUNICIPAlLY mmed UTILITIES IN OREGON SOURCES AND DISPOSITION OF ELECTRIC ENERGY (l\1 10.-JH) 23 CITY OF CITY OF CITY OF CITY OF CITY OF CITY OF GmERA.TED OUTPUT OF OWN PLANTS ASHLMTD BANDON CANBY CASCADE LOCKS DRAIN ~!l~e Steam 72,321 Hydroelectric 382,078 Internal Combustion Total 454,399 EURCHASED ENEitGY Pram Privately owned E1ec. Util. 99,826 From Other Sources (Non-Uti1. ) Prom Mun.. &: Other Public Owned - 44z621!211! :Z:2 lz2:2:z:z!2z8 Total Purchases 99,826 44,691 51,990 24,o88 14,279 1,237,578 Interchanges In Grand Total Available , o ,6.2,!~ SALES TO ULTIMATE CONSUMERS Residential &: Rural 57,291 25,138 34,114 8,344 9, ,080 Commercial &: Industrial 37,537 14,651 13,597 13,289 4, ,833 Public St. &: Highway Lighting Cl,213 Other Public Authorities 863 1,355 1,287 1,073 Interdepartmental Sales 1, ,427 Other Sales to Ultimate Consumers - - Total Sales to Ultimate Consumers 97,856 41,964 49,li38 22,941 14,067 1,662,553 SALES FOR RESALE Other Sales Total Sales for Resale Total All Sales 97,856 41,964 49,438 22,941 14,067 1,662,553 ENERGY NOT REPORTED AS SOLD ~ Used by Utility Supplied Without Charge Interchanges - Out T-o-tal.Not Reported as Sold - 1; Total Accounted Fbr 97,856 42,094 49,438 22,941 14,067 1,662,553 Balance Lost l 2 ~:Z:O 2z~2Z 2 2! ~ z424 Grand Total Disposition of Energy 22a-26 44~-21 51!220 24~o ,

32 MUNICIPALLY OWNED UTILITIES IN OREGON SOURCES AND DISPOSITION OF ELECTRIC ENERGY (M KWH) 24 CITY OF CITY OF CITY OF CITY OF CITY OF TOTAL GmERATED OUTPUT OF OW PLANTS FOREST GROVE McMINNVILLE MILTON-FRIIDJ'ATER MONMOU'IH SPRINGFIELD MUN. UTIL. Steam. '7'2,321 Hydroelectric 382,078 Internal Combustion Total 454,399 EURCHASED.ENERGY From Privately owned Elec. Util. 99,826 From Other Sources (Non-Util. ) Prom Mun. & Other Public Owned i248 2: ~02018 Total Purchases 121, ,516 88,948 53, ,255. 2,1 9,844 Interchanges In - - Grand Total Available SALES TO ULTIMATE CONSUMERS Residential & Rural 77,180 98,817 48,010 34, ,531 1,341,479 Commercial & Industrial 35, ,938 27,329 12, ,726 1,164,347 Public St. & Highway Lighting 1,368 1, ,054 1,658 18,599- Other Public Authorities 3,096 3,182 5,822 16,678 Interdepartmental Sales 5,050 18,920 Other Sales to Ultimate Consumers ~~421 2z42l Total Sales to Ultimate Consumers 117, ,218 8,398 51, ,737 2,565,454 SALES FOR RESALE Other Sales Total Sales for Resale 6gl 6~1 Total All Sales 117, ,218 86,398 51, ,3 8 2,566,0 5 ENERGY NOT REPORTED AS SOLD Used by Utility ,308 Supplied Without Charge Interchanges - Out Total Not Reported as Sold 6o8-2:Z.O Total Accounted For 117, ,826 86,398 51, ,938 2,567,393 Balance Lost z2~ ~ 422l:Z ~0 Grand Total Disposition of Energy 121~255 21}!516 BBsstB 5} !2~ 2!624,2-~

33 MUNICIPALLY OWNED UTILITIES IN OREGON SALES STATISTICS 25 AVERAGE NUMBER OF CUSTOMERS Residential & Rural Commercial & Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Total Ultimate Consumers Other Consumers Total Customers CITY OF CITY OF CITY OF ASHLAND BANDON CANBY 5,035 1,389 1, ,62 ~~ 1,801 2, o1 2,121 CITY OF CASCADE LOCKS CITY OF DRAIN f CITY OF EUGENE 43,396 5, , AVERAGE REVENUE PER KWH SOLD Residential & Rural Commercial & Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Total Sales SO so.86 RESIDENTIAL AVERAGE PER CUSTOMER Revenue KWH Sales $ $ $ $11, $18, $20, $ $ $17, $19, $ $19, PLANT STATISTICS Output Capacity (KW) Steam Hydroelectric Internal Combustion Total KW Generating Capacity 25, ,

34 26 MUNICIPALLY OWNED UTILITIES IN OREGON SALES STATISTICS AVERAGE NUMBER OF CUSTOMERS Residential & Rural Commercial & Industrial Public St., & Highway Lighting Other Public Authorities Interdepartmental Sales Total Ultimate Consumers Other Consumers Total Customers CITY OF CITY OF CITY OF CITY OF FOREST GROVE McMINNVILLE MILTON-FREEWATER MONMOUTH 3, , ,621 2,383 1,669 1, ,692 2,862~ 1, CITY OF SPRINGFIELD 5, , TOTAL MUN. UTIL. 70,718 9, :2 80, o.6s6 AVERAGE REVENUE PER KWH SOLD Residential & Rural Commercial & Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Total Sales RESIDENTIAL AVERAGE PER CUSTOMER Revenue KWH Sales $ $20, $ $ $ $21, $20, $20, $ $18, $ $18, PLANT STATISTICS Output Capacity (KW) Steam Hydroelectric Internal Combustion Total KW Generating Capacity 25, , ,000

35

36 27 FOREWORD All of the Gas Utilities in this report are Class A having operating revenues over $2,500,000. Three privately owned gas utilities reported gas sales of 1,026,093,280 therms in the State of Oregon during 1973, resulting in operating revenues of $96,310,2~1. The statistical data and graphs reflecting the Oregon operations of the three privately owned gas utilities are heavily weighted by the operations of Northwest Natural Gas Company, since Northwest is the major gas distribution company operation in Oregon. During 1973, Northwest's Oregon operating revenues comprised 82.9% of the total for the state, while their operating expenses, exclusive of depreciation, amortization and taxes, represented 81.77% of the total expenses.

37 28 INDEX TO COMPANIES PRIVATELY OWNED GAS UTILITIES: Total System Balance Sheet Total System Income Statement Financial Data and Production Statistics - Oregon Sales Statistics - Oregon PAGE NUMBER COMPANIES - CLASS A: California-Pacific Utilities Company Cascade Natural Gas Corporation Northwest Natural Gas Company

38 $ milli~r~f I I I I I I l ~:nillion~ ~0 ~0 -ro (oo j..o 10 '6) ''*' '"7 '"8 foj '10 '11 '11- '1) $ dfs-trib~tion of g-ros$ ope;rdtinv r~vev1u8 QAS UTI LITI~S ivl 0Rt;;<;-ON ~

39 30 lj)-+d. IJ) \ s,_.. p ~ / /.. ~ ~ ~ lil-a \ / ~ - ~ /.. \ ~ t- \ S:,_ c::,;;).. ~ IJ) ::s \.. ~ ::s : - s:.. --:;~ '-.:) - \ \ t--.. ":>- Jvo \ / / - ::s Y- ~.. 'C) \.. 1--u.. ~ ~ - 3~ ~ ~ ~ ~ I ~ -: :::::. VJ - \./).. ~ -.. &~ ~ t'-- \ ~ \A.. I s.: ~ ~ - 6\ - ~ 0 I :::::::- -: - ~ ~ ~ - = \: ro {l) :ti <:) 'Cl a a <:) N = ' ' /\9 ~~ <:) a ~ = <:) 0 a ~ 0-) = -._S) T ""'\ = h ~ ""' ~ IJl -cr 1./) \/,) s= ~ s,_ ~ -<+- q ::s == o:=:::; <::::. ~ ~ * 0 t-- \9

40 31 I \I I I I ~ --0 \ ~ - \ \ I I I I I E:.,0. ~ 4- ::s!:... ~ I I I I I \ ~ + \ \ s:: - \ \ '\ \ \ \ I I I \I I ',,

41 I' 32 CLASS A GAS UTILITIES TOTAL SYSTEM BALANCE SHEEr DECEMBER 31, 1973 ASSETS AND OTHER DEBITS CALIF.-PACIFIC UTILITIES CO. CASCADE NAT. GAS CORP. N.W. NATURAL GAS CO. TOTAL CLASS A GAS UTILI'II ES Utility Plant Less: Depr. & Amort. Reserves Net Utility Plant Other Property & Investments Current & Accrued Assets Deferred Debits Total Assets & Other Debits (l) $ 110,179,689 19,2,1,339 90,9 8, ,252 9,362,426 1,932,696 $ 103,206,724 $ 206,086~545 23,073,225 1B3,013, ,328 15,754,373 3,11~,~91 $ $ 316,266,2:;4 42,304, ,961,670 1,236,580 25,116,799 ~ 048 4~ $ 30 :36/;5 LIABU.ITIES AND OTHER CREDITS Proprietary Capital Capital Stock - Common - Preferred Premium & (Discount) on Cap. Stk. Other Baid-In Surplus Install. Received on Cap. Stk. Capital Stock Expense Earned Surplus - Other Reacquired Capital Stock Total Proprietary Capital Long Term Debt Current & Accrued Liabilities Deferred Credits Operating Reserves Contributi.ons in Aid of Const. Accumulated Def. Income Taxes Total Liabilities & Other Cr. $ 1,930,859 ll,768,007 13,652, ,370 (715,629) 7,292,190 34,313,506 60,703,000 6,875, , ,563 $ 103,206,724 $ 19,322,621 22,258,500 19,284, , ,142,344-84,24o,862 89,918,000 26,371,048 1,288, , ,144 - $ $ 21,253,480 34,026,507 32,937, , (715,629) 30,434, ,554, ,621,000 33,246,781 2,120, , ,707 - $ : % of Capitalization Rep. ~: Proprietary Capital Long Term Debt (l) System Balance Sheet is reported in Joint Utilities

42 33 CLASS A GAS UTILITIES TOTAL SYSTEM INCOME STATEMENT DECEMBER 31, 1973 INCOME STATEMENT Operating Revenues Operating Expenses Depreciation & Amortization Taxes Total Operating Expenses Net Operating Income Other Income Total Income Misc. Deductions from Income Income Avail. for Fixed Chgs. Interest on Long Term Debt Other Fixed Charges Total Fixed Charges Net Income CALIF.-PACIFIC UTILITIES CO. CASCADE NAT. GAS CORP. (1) $ 53,545,597 39,066,358 2,631,938 ta012z t1 1 t~8 6,7 7, ,871,779 2lz2@1 6,820,3 8 3,738, ~2 : Er7 $ 2,2z~,221 N.W. NATVJRAL GAS CO. TOTAL CLASS A GAS UTILITIES $ 88,990,713 $ 142,536,310 55,248,850 94,315,208 6,870,989 9,502, ~06 :z4 1 g , 82, 10 21,450,469 :2~2~~20 44~ ,022,200 21,893, ~.8~~ 14,915,700 21,73,o 5,804,241 9,542, ~2~ b 1 bl6 1 :z :2 1 _2_ $ 8!228,2~2 $ 11!2Z2.46o EARNED SURPLUS Balance, January 1, 1973 Net Income Other Credits Dividends Other Debits Balance, December 31,1973 $ 7,281,111 2,973, ,099 2,681,981 4: $ Z,222 1 l~o $ 20,591,619 $ 27,872,730 8,298,939 11,272, ,099 5,748,214 8,430,195 4: $ 2~,142.:244 $ ~0!424!224 {i) System Ineome Statement is reported in Joint Utilities.

43 CLA.SS A GAS UTILITIES FINANCIAL DATA AND PRODUCTION STATISTICS 34 OREGON - ~~ 1973 CALIF.-PACIFIC CASCADE NAT. N. vl. NATURAL TOTAL CLASS A OPERATING REVENlJES UTILITIES CO. GAS CORP. GAS CO. GAS UTIL. Revenues from Sale of Gas $ 10,023,265 $ 6,451,064 $ 79,835,952 $ 96,310,281 Misc. Revenues from Operations 2z' g' ~8~ Total Operating Revenues 10,033,057 6,533, 35 81,760,176 98,326,6 OPERATING EXPENSES Production Expenses 4,513,341 3,223,545 38,249,023 45,985,909 Distribution Expenses 1,039, ,887 4,691,046 6,102,764 Customer Accounts 408, ,362 2,936,116 3,561,126 Sales Expense 87,066 93, , ,035 Administrative & Gen. Expense g6 1 8~ ' Total Operating Expenses 6,671,767 4,3 2,2 3 49,484,016 6o,51B,o26 OTHER DEDUCTIONS FROH EEVENUES Depreciation & Amortization 661, ,844 6,566,943 7,655,751 Taxes t llzg z224zz44 Total Revenue Deductions 8,44o,4oo 5,477,71 67, 10,407 81,52B,521 Net Operating Income $ 1,592,657 $ $ 14, $ 16, PRODUCTION STATISTICS (THER!>'lS) Gas Produced: LPG Mixed with Natural Gas 167, , ,017 Gas Purchased: Natural Gas ~2 ZOz2Z2z208 8z ~~ Total 101,071,8 7 70,373, ,222,843 1,045,. 7,918 Less Gas Unaccounted For - Used by Co. 2,641,597 (1,176,588) 16,147,764 17,612,773 Less Gas Sold in Other States Less L. N. G. into Storage Gas Sold 28.4~0! ! 7i6 85iS 1 11:2! b 1 02:

44 35 CLASS A GAS UTILITIES SALES STATISTICS - OREGON YEAB CALIF.-PACIFIC CASCADE NATURAL SALES REVENUE BY CLASSES OF SERVICE UTILITIES CO. GAS CORP. Residential $ 4,435,376 $ 2,425,010 Commercial & Industrial - Firm 3,279,880 2,700,214 - Interruptible Total 2 ~08 00~ 1 1 ~ : 23:26 6, 51,064 N. W. NATURAL TOTAL CLASS A GAS COMPANY GAS UTILITIES $ 31,337,244 $ 3B,197,63o 33,355,651 39,335,745 l2zl42a02z l8 1 zz6 1 2o6 79, ,310,281 GAS SOLD ~IN THERMS~ Residential Commercial & Industrial - Firm - Interruptible Total 26,305,687 27,588,661 15,967,023 29,870,994 44z~22z z:Zllz1Z~ ,302, ,392, ,574, ,852,291 ~ :242 56, : l,026,093,28o AVEFliGE NU1YJBER OF CUSTOMERS Residential Commercial & Industrial - Firm - Interruptible Total 27,532 13,517 4,379 2, oo6 164, ,743 20,729 27, ?.EVENU! -: PER THERI>'i Residential Commercial & Industrial - Firm - Interruptible Total R.t:.""""VENUE PER AVERAGE CUSTOMER Residential l lo.ls 9.02 $ $ ~6 9.3] 8.-8~ $ $ ~~ CONSUMPTION PER AVERAGE CUSTOMER Residential , , ,120.69

45

46 36 Pacific Po~rer & Light Company furnishes steam heat in the west side of downtown Portland and is the only company offering this service in Oregon. During 1973, 1.03% of the company's total Oregon revenues was derived from steam heat service.

47 37 INDEX TO COMPANIES STEAM HEAT UTILITY: Total System Balance Sheet Total System Income Statement Oregon - Financial Data PAGE NUMBER COMPANIES - CLASS A: Pacific Power & Light Company

48 CLASS A ST~1 HEAT UTILITIES TOTAL SYSTEM BALANCE SHEET DEC~ffiER 31, 1973 ASSEI'S AND OTHER DEBITS Utility Plant Less: Depr. & Amort. Reserve Net Utility Plant 0ther Property & Investments Current & Accrued Assets Deferred Debits Total Assets & Other Debits PACIFIC POVJER & LIGHT COMPANY ( 1) SYSTEM STEAM HEAT $ 3,042,147 1,081,5~8 $ LIABTI..ITIES AND OTHER CREDITS Proprietary Capital Capital Stock- Common - Preferred Premium & (Discount) on Cap. Stk. Install. Rec'd on Cap. Stk. Earned Surpius Total Proprietary Capital Long Term Debt Current & Accrued Liabilities Deferred Credits Operating Reserves Contributions in Aid of Const. Accumulated Deferred Income Taxes Total Liabilities & Other Credits %of Capitalization Represented~: Proprietary Capital Long Term Debt (1) System Balance Sheet is reported in Joint Utilities.

49 39 CLASS A STEAM HEAT UTILITIES TOTAL SYSTEM INCOME STATEMENT DECEMBER 31, 1973 INCOME STATEMENT Operating Revenues Operating Expenses Depreciation & Amortization Taxes Total Operating Expenses Net Operating Income Other Income Total Income PACIFIC POWER & LIGHT COMPANY (1) SYSTEM - STEAM HEAT $ 1,412,763 1,359,904 90, ,~21 1t6o1,8~ 188,92 ) $ (188,926) Misc. Deductions from Income Income Avail. for Fixed Chgs. Interest on Long Term Debt Other Fixed Charges Total Fixed Charges Net Income EARNED SURPLUS Balance, January 1 Net Income Other Credits Dividends Other Debits Balance, December 31 (1) System Income Statement is reported in Joint Utilities.

50 40 CLASS A STEAM HEAT UTILITY FINANCIAL DATA - OREGON YEAR 1973 PACIFIC POWER & LIGHT COMPANY UTILITY PLANT - Steam Heat $ OPERATING REVENUES Sale of Steam Heat Other Steam Heat Revenues Total Operating Revenues $ 1,410,322 2,441 OPERATING EXPENSES Production Expenses Transmission & Distribut. Expenses Customers' Accounting & Collecting Administrative & General Expenses Total Operating Expenses 1,118, ,337 19, ,27k 1,359,90 OTHER DEDUCTIONS FROM REV.ENUES Depreciation Taxes Total Oper. Revenue Deductions Net Operating Income AVERAGE NUMBER OF CUSTOMERS STEAM HEAT SOLD (Jvi. LBS ) 90, ,~21 1,601, 89 $ (188,926) ,126

51

52 FOREWORD Class A & B Telephone Utilities are companies with annual operating revenues exceeding $100,000. Class C Telephone Utilities are companies with annual operating revenues of less than $100,000. As of December 31, 1973, the number of telephones in service in the State of Oregon totaled $1,433,119, an increase of 6.36% over the previous year. Operating revenues derived from telephone operations in the State of Oregon during the year 1973 amounted to $308,098,515 which represents an increase of 13.81% over the year Approximately 80% of the telephones in service in the State of Oregon are served by Pacific North..,est Bell Telephone Company; therefore, the statistical surrnnaries and graphs are heavily weighted by the Bell Company's Oregon operations.

53 42 CLASS A & B TELEPHONE UTILITIES: INDEX TO COJYIP.ANIES PAGE NUMBER Total System Balance Sheet Total System Income Statement & Surplus Analysis Oregon Results of Operations & Selected Statistics Oregon Derived Statistics so COJY'JP.ANIES : Aurora Telephone Company Beaver Creek Cooperative Telephone Company Beaver State Telephone Company Blue MOuntain Telephone, Inc. California-Pacific Utili ties Company Canby Telephone Association Cascade Utilities, Inc. Clear Creek Mutual Telephone Company Colton Telephone Company Continental Telephone of the Northwest Creffi~ell Telephone Company Depoe Bay Telephone Company Deschutes Telephone Company Eastern Oregon Telephone Company General Telephone Company of the Northwest, Inc. Home Telephone Company Idaho Telephone Company Knappa Telephone Company Malheur Home Telephone Company Monitor Telephone Company Mt. Angel Telephone Company North State Telephone Company Northwestern Telephone Systems, Inc. Oregon Telephone Corporation Pacific Northwest Bell Telephone Company Pioneer Telephone Cooperative Redwoods Telephone Company Rose Valley Telephone Company Scio Telephone Company Stayton Cooperative Telephone Company United Telephone Company of the Northwest

54 INDEX TO CONPANIES CLASS C TELEPHONE UTILITIES: Total System Balance Sh~et Total System Income Statement & Surplus Analysis Oregon Results of Operations & Selected Statistics Oregon Derived Statistics PAGE NUMBER COMP.ANIES : Asotin Telephone Company E~gle Telephone Company Fossil Telephone Company Gervais Telephone Company Haines Telephone Company Halsey Telephone Company Helix Telephone Company Meacham Telephone Company Monroe Telephone Company Nehalem Telephone and Telegraph People's Telephone Company Pine Telephone System, Inc. Umpqua Telephone Company, Inc. Trans-Cascade Telephone Company

55 44 SUMMARY CLASSES A, B & C TELEPHONE UTILITIES TOTAL SYSTEM - BALANCE SHEET - DECEMBER 31, 1973 ASS.ETS AND O'IHER DEBITS Utility Plant in Service Utility Plant Under Const. Property Help for Future Use Utility Plant Acquisit. Adj. Sub 'rotal Less: Depr. & Amort Reserve Net Utility Plant Investment in Affiliated Co. Other Investments Current Assets Other Assets & Def. Debits Total Assets & Other Debits.!m. $2,431,806,914 61,575,483 3,355, , ' 902' ,96*,719 2,015,93,427 2,331,500 2,064, ,752,142 28,589,195 $2,190,671, $2,171,114,071 75,719,651 3,004, ,*45 2,249,951, ,056,848 1,B18,894,631 2,711,562 1,331, ,626,508 27,292,750 $1,969,8:a, 228 INC. OR (DEC.) OVER 1972 $260,692,843 (14,144,168) 351,615 50,t~7 246,950, 7 49,910, ,039,796 (380,062) 732,496 22,125,634 1,296,445 $220,814,309 LIABILITIES & OTHER CREDITS Proprietorship Capital Stock- Common - Preferred Memberships &: Memb. Equity Cert. Install. on Cap. Stk. & Memb. Cert. Premium & (Discount) on Cap. Stk. Capital Surplus Capital Stock Expense - D~bit Earned Surplus Reserved Unappropriated Earned Surplus Long Term. Debt Advances from Affiliated Companies Current and Accrued Liabilities Deferred Credits and Other Reserves Total Liabilities & Other Credits $ 133, ,329, , ,950 3,890 74,370,406 8,001, ,665 1,418, ,939, ,693,902 38,371, ,728, ~2 828 $gf:19o:6 1!537 $ 148, ,804, ,650 74,773 3,645 60,096,582 1,909, ,855 1,311, ,450, ,517,120 48,673, ,834,814 61,200,068 $ ,8 $ (14,996) 73,525,560 (237,900) 72, ,273,824 6,091, , ,587 34,488,954 38,176,782 (10,302,000) 21,893,229 42,852,760 $220, Capital Ratios: Long Term Debt Advances from Affiliates Preferred Stock Common Stock and Surplus (Red Figures ) 42.03% % (1.64 )% (.81) (.01) 2.46

56 SUMMARY CLASSES A, B & C TELEPHONE UTILITIES TOTAL SYSTEM - INCOME STATEMENT AND SURPWS ANALYSIS INCO:r.'lE STATEivlENT 1:.212 1:2.7 Operating Revenues $ 781,375,505 $ 676,386,527 Operating Expenses 361,096, ,848,313 Depreciation 124,016, ,527,586 Amortization 37,476 (6,980) Investment Credits - Net 7,347,999 7,639,314 Taxes ~ ~ Total Operating Rev. De d. 6ti4 Z@l 1 ZlO 222zO~lz22ti Net Operating Income 1 6,5 3, ,355,19 Other Income 6 1 zo4 1 ooo 6 1 8Z2 1 6;28 Total Income 153,287, ,227,852 Misc. Deductions from Income ~22 ~; Income Avail for Fixed Chgs. 152,445, , 97,677 Interest on Long Term Debt 48,463,370 45,107,940 Other Fixed Charges ll 1 6zo 1 o66 2z~~z~8~1 Total Fixed Charges :2~ 1 4;26 ~o. 2zZZl Net Income 92,312,034 0,251,906 Extraordinary Items - Net Z02 22z 20 Net Income $ ,143 $ !-~6 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 195,900,779 $ 168,994,634 Net Income 92,512,743 80,291,856 Other Credits 655,981 1,286,925 Di"Tidends 63,864,759 59,768,273 Other Debits :; Balance, December 31 $ 225, $ 190, INC. OR (DEC.) OVER 1972 $104,988,978 46,248,107 15,488,539 44,456 (291,315) ~0 1 ;220 82zZ Oz~ZZ 22,228,01 ~16816~8) 22,059,9 3 ;: ;20 21,747,793 3,355, ~~2 1 2t2 2z z.6 ~ 12,060, ~ 2 $ ,--z $ 26,906,145 12,220,887 (630,944) 4,096,486 ~88z282) $ ] (Red Figures)

57 46 Stn~Y CLASSES A, B & C TELEPHONE UTILITIES RESULTS OF OPERATIONS FJND PRIVffiRY STATISTICS - OREGON YEAR RESULTS OF OFERATIONS OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollectibles T~tal Operating Revenues $ 142,343, ,410,752 13,987,256 1,642,791 30B,o9B,515 12E $ 127,919, ,591,404 12,651,138 1,465, ,696,503 INC. OR (DEC.) OVER 1972 $ 14,423,941 21,819,348 1,336, ,395 37,402,012 OPERATING REVENUE DEDUCTIONS Operating Expenses Depreciation Amortization Investment Credits -Net Taxes Total Operating Rev. Ded. Net Operating Income $ 145,742,116 48,592,653 8,077 3,583,861 ~ ~z244z722 5, $ 127,031,067 42,442,823 16,514 3,363, : zl6~a22t 51.52,90 18,711,049 6,149,830 (8,437) 219,988 2z:Z04zzzo 20z:ZZ~z200 $ 6,62,812 Gross Plant in Service $ 960,770,238 $ 852,184,759 $108,585,479 PRili.J..RY STA'I'ISTICS lfules of Aerial Wire lfri.les of Cable Number of Central Offices Total Company Telephones Total Telephones in Service.river ge Company Telephones 81,509 32, ,429,143 1,433,119 1,392,406 86,572 30, ,343,349 1,347,416 1,304,382 (5,063) 1, ,794 85,703 88,024 (Red Figures)

58 47 VJ 25--tfo- ~In 0 l.n 0 ln - :-=.ri 0 j{) ~('() (Y') )'- In 1'1 1'- f{) - ~ lj> In 0 lf\ 0 ltl /IJ s:: C'l Ill 1'- 0 0/.a (Y) N. -1ft E F ~ ~ ~ ::s ~ - ~ J ]'..., ~ 6 s: / -t SJ ~ - z t'- ~8- w~ s ~ ~ s:: bo / <::) _s::: 00 g u ~.s: ~ ~ Q ~ I \9 ~ ~

59 r 48 + \P s: <:) -c:. E~ ~ ~~ - E *

60 CLASSES A AND B TELEPHONE UTILITIES 49 TOTAL SYSTEM BALANCE SHEET - DECEMBER 31, 1973 ASSETS AND OTHER DEBITS AURORA BEAVER CREEX BEAVER STATE BLUE MOUNTAIJI TEL. CO, COOP. TEL, CO. TEL. CO. TEL. INC. Utility Plant in Service $1,618,006 $1;987,397 $4,444,097 $1,060,632 Utility Plant Under Const. 117,201 9,391 92, ,911 Property Held for Future Use Utility Plant Acquisit. Adj. - Sub Total 1,735,207 1,996,788 4,537,090 1,073,543 Less: Depr. & Arort. Reserve 122z~2Z 28,18z Z22a Net Utility Plant 1,539; 70 1,898,601 3,777, ,661 Investment in Affiliated Co. Other Investments 74,072 Current Assets 359, , , ,029 Other Assets & Def. Debits ~~612 16,24Z 2zZ22 1~1441 Total Assets & Other Debits $1,90,825 $2, $ $ LIABILITIES & OTHER CREDITS Proprietorship $ $ $ $ Capital Stock - Common 11, ,000 19,000 - PrefeiTed 20,000 Memberships & Memb. Equity Cert. 17,130 Install. on Cap. stk. & Memb. Cert. Premium & (Discount) On Cap. Stk. 290, ,135 Capital Surplus Capital Stock Expense - Debit Earned SurJ)lus Reserved Unappropriated Earned Surplus 223, ,388 1,107, ,405 Long Term Debt 1,223,802 1,752,067 1,486, ,000 Advances from Affiliated Companies Current and Accrued Liabilities 69,265 34, ,531 17,726 Deferred Credits and Other Reserves 6~ Z1 Total Liabilities & Other Credits $1.90,25 $2, $4, $ Capital Ratios: Long Term Debt 69.16% 81.39% 43.38% 76.02% Advances from Affiliates Preferred Stock Coremon Stock and Surplus

61 50 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEE.T - DECEMBER 31, 1973 ASSETS AND OTHER DEBITS CAL.-PAC. UTIL. CO. CANBY TEL. ASSOC. CASCADE UTIL. INC. CLEAR CREEK MIJT. TEL. CO. Utility Plant in Service Utility Plant Under Const. Property Held for Future Use Utility Plant Acquisit. Adj, Sub Total Less: Depr. & A:rrort. Reserve Net Utility Plant Investment in Affiliated Co, Other Investments Current Assets Other Assets & Def. Debits Total Assets & Other Debits (1) $2,998, ,069 t6 ~22) 3,5 6,17 ZtZa09~ 2,7 9,72 4, ,690 16a262 $2!084.:z8g $5,864, ,498 29,719 6,155, :.2 1 ~61 4,769, 30 64, ,081 2z88~ $5!222!04- $1,720, ,792-1,888,552 ~2a1Z2 1,53,379 76, , $ LIABILITIES & OT~~ CREDITS Proprietorship Capital Stock - Common. - Preferred Memberships & Memb. Equity Cert. Install. on Cap.-,stk. &Memb. Cert. Premium & (Discount) On Cap. Stk. Capital Surplus Capital Stock Expense --Debit Earned Surplus Reserved Unappropriated Earned Surplus Long Term Debt Advances from Affiliated Companies Current and Accrued Liabilities Deferred Credits and Other Reserves Total Liabilities & Other Credits Capital Ratios: Long Term Debt Advances from Affiliates Preferred Stock Coremon Stock and Surplus (Red Figures) $ 9, , ,386, , ,854 ~2,z2s $2.0 4, % $ 10,720 32, ,240 4,245, , $5.2" % (1) System Balance Sheet is reported in Joint Utilities. $ 2,928 1, ,614 37,285 1,408,905 73, ZO $1,798, %

62 CLASSES A AND B TELEPHONE UTILITIES TOTAli SYSTEM BALANCE SHEEr - DEC.EM3ER 31, ASSETS AND OTHER DEBITS Utility Plant in Service Utility Plant Under Const. Property Held for Future Use Utility Plant Acquisit. Adj. Sub Total Less: Depr. & Am:>rt. Reserve Net Utility Plant Investment in Affiliated Co. Other Investments Current Assets Other Assets & De. Debits Total Assets & Other Debits COLTON CONTINENTAL CRESWELL TEL. CO. TEL. CO. of NW TEL. co. $ 554,637 $ 43,397,552 $ 837,804 4,338 4,976,890 78,883 6~ ,975 48,43, ,687 *61841 :Zat4~ 1 26:Z ,134 40,9, ,190 36,121. 7,397 4,387,717 85,133 2a4~2 $ t~ 1 l:z2 $ }3 6a2g2 $ DEPOE BA.Y TEL. CO. $1,236,268 8,~61 1;245, ~ 1,050,68 231, g $1.286,93 LIABILITIES & OT~Jm CREDITS Proprietorship Capital Stock - Common - Preferred Memberships & Memb. Equity Cert. Install. on Cap. Stk. & Memb. Cert. Premium & (Discount) On Cap. Stk. Capital Surplus Capital Stock Expense - Debit Earned Surplus Reserved Unappropriated Earned Surplus Long Tenn Debt Advances from Affiliated Companies Current and Accrued Liabilities Deferred Credits and Other Reserves Total Liabilities & Other Credits Capital Ratios: Long Tenn Debt Advances from Affiliates Preferred Stock Coremon Stock and Surplus "' '*' 6,625 1,844, ,868 6,342,874 5,888 $ $ 1,350,724 48,540 32,919 7,690, , ,413 20,801, ,792 18,922 5,818, ,827 62a462 $ $ $ 4~:%~:ts~ " % 54.71% 29.37% $ 38,700 96, , ,154 52,599 ~~~210 $1,2:, % 34.22

63 52 ClASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BAlANCE SHEET - DECEMBER 31, 1973 ASSETS AND OTHER DEBITS DESCHUTES TEL. CD. EA.STERN OREGON TEL. CO. GENERAL TEL. CO, N.W. Utility Plant in Service Utility Plant Under Canst. Property Held for Future Use Utility Plant Acquisit. Adj. Sub Total Less: Depr. & Arort. Reserve Net Utility Plant Investment in Affiliated Co. Other Investments Current Assets Other Assets & Def. Debits Total Assets & Other Debits $1,135,102 26,567-1,161, Z:28 1,044,911 65, ~1~ $ _0_ $1,171,218 2,979 $ 1,174,197 4z ,969 1, , :241 8z $482,906,974 14,245, , ,390,253 8o 1 48~ 2 68~ 416,90,56 2,329, ,772 22,573,580 2z242a1ti2 $44s 1 :28o.4-2 LIABILITIES & OTHER CREDITS Proprietorship Capital Stock - Common - PrefeiTed Memberships & Memb. Equity Cert. Install. on Cap. Stk. & :Memb. Cert. Premium & (Discount) On Cap. Stk. Capital Surplus Capital Stock Expense - Debit Earned Surplus Reserved Unappropriated Earned Surplus Long Term Debt Advances from Affiliated Companies Current and Accrued Liabilities Deferred Credits and Other Reserves Total Liabilities & Other Credits $ 80, ,000 64, , , :24 $l.111.8o4 $ $ 28,600 28, , ,321 57, ,244 $ 143,000,000 24,966, ,005,000 73, 891', : $445.:280,449 Capital Ratios: Long Term Debt Advances from Affiliates PrefeiTed Stock Common Stock and Surplus 56.12% % 5~: %

64 CLA.SSES A AND B TELEPHONE UTILITIEs TOTAL SYSTEM BALANCE SHEET - DECEMBER 31, ASSETS AND OTHER DEBITS IDAHO KNAPP A MALHEUR HOME TEL. CO. TEL. CO. TEL. CO. Utility Plant in Service $ 9,355,750 $ 802,571 $ 5,739,224 Utility Plant Under Canst. 1,713,014 21, ,161 Property Held for Future Use Utility Plant Acquisit. Adj. - - Sub Total 11,068, ,051 6,109,385 Less: Depr. & Am:>rt. Reserve : ~ 1 0:2:2 Net Utility Plant 9,173, ,125 4,69,330 Investment in Affiliated Co. Other Investments 1,000 Current Assets 1,470,742 83, ,996 Other Assets & Def. Debits :z8 ~ :2: Total Assets & Other Debits $ 10,707,701 $ 84,255 $ 5,102,807 MONITOR TEL. CO. $ 359,598 3, ,367 zo.z8~ 292,58 38, ~0 $ 338,2 5 LIABILITIES & OT~Jffi CREDITS Proprietorship $ $ $ Capital Stock - Common 816,840 72,600 2,713,000 - Preferred Memberships & Memb. Equity Cert. Install._ on Cap. Stk. & Memb. Cert. Premium & (Discount) On Cap. Stk. 137,000 70, ,000 Capital Surplus 1,238,594 Capital Stock Expense - Debit Earned Surplus Reserved Unappropriated Earned Surplus 1,325,855 47, ,152 Long Term Debt 5,816, ,673 Advances from Affiliated Companies 871,000 Current and Accrued Liabilities 1,201, , ,877 Deferred Credits and Other Reserves 1I1 1 ; :z84 :21Iz~I8 Total Liabilities & Other Credits $ ,701 $ 844,255 $ Capital Ratios: Long Term Debt % 70.92% - % Advances from Affiliates Preferred Stock Corerron Stock and Surplus $ , ,391 3,822 - $ %

65 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEEr - DECEMBER 31, 1973 ASSETS AND OTHER DEBITS Mr. ANGEL TEL. CO. NORTH STATE TEL. CO. NORTHWESTERN TEL. SYS. INC. OREGON TEL. CORP. Utility Plant in Service $701,717 $316,176 Utility Plant Under Const. 9,998 1,380 Property Held for Future Use Utility Plant Acquisit. Adj. 4,545 12ai02 Sub Total 716, ,258 Less: Depr. & Arort. Reserve 201,4~ t4 Net Utility Plant 514, ,2 4 Investment in Affiliated Co, Other Investments 1,2o6 Current Assets 76,479 33,634 Other Assets & Def. Debits ~14 Total Assets & Other Debits $ $ $26,778,876 $1,029, ,728 25,458 34, ~8 27,495,796 1,065, *12 21,693,87 582, 14 2,100 30,000 40,074 5,458, , $27,32o:oo6 $ 787:563 LIABILITIES & OT~Jffi CREDITS Proprietorship $ $ Capital Stock - Common 11,967 8,750 - Preferred Memberships & Memb. Equity Cert. Install. on Cap. Stk. & Memb. Cert. Premium & (DiscoUllt) On Cap. Stk. 67,993 Capital Surplus Capital Stock Expense - Debit Earned Surplus Reserved Unappropriated Earned Surplus 168,284 41,425 Long Tenn Debt 284, ,139 Advances from Affiliated Companies Current and Accrued Liabilities 41,605 9,377 Deferred Credits and Other Reserves 23,810 1!121 Total Liabilities & Other Credits $ $ Capital Ratios: Long Tenn Debt 53-36% 81.57% Advances from Affiliates Preferred Stock Coremon Stock and Surplus $ $ 6,680,000 11,828 94,776 15,244 3,894, ,592 13,352, ,713 2,495,707 37, ~ $27,320,006 $ ; % 80.49%

66 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET - DECEMBER 31, ASSETS AND OTHER DEBITS PACIFIC N,W, PIONEER REDWOODS BELL TEL. CO, TEL. COOP, TEL. CO, Utility Plant in Service $1,762,273,220 $5,947,236 $670,78) Utility Plant Under Const. 33,534, ,892 Property Held for Future Use 3,013,710 Utility Plant Acquisit. Adj, - Sub Total 1,79B,820,979 6,1o8, ,783 Less: Depr, & Anort. Reserve ~ z 2a18~aZ z8 Net Utility Plant 1,38,097,092 3,91, ,905 Investment in Affiliated Co. Other Investments 488,515 1,040 Current Assets 96,057, ,323 74,196 Other Assets & De. Debits.2a t66a812 21z221 Total Assets & Other Debits $1.55,09, 785 $4.722,999 $ ROSE VALLEY TEL. CO. $1,874,874 25,440 1,900,314 16~1862 1,73, , ~ $1,908,6 LIABILITIES & OT~~ CREDITS Proprietorship $ $ Capital Stock - Common 546,950,173 19,400 - Preferred Memberships & Memb. Equity Cert. 45,639 Install. on Cap. Stk. & M.emb. Cert. Premium & (Discount) On Cap. Stk, 70,934,309 6,600 Capital Surplus 584 Capital Stock Expense - Debit 133,365 Earned Surplus Reserved Unappropriated Earned Surplus 166,802,984 1,212, ,968 Long Term Debt 500,295,793 3,344,327 15,500 Advances from Affiliated Companies 37,500,000 CUITent and Accrued Liabilities 160,203, , ,049 Deferred Credits and Other Reserves Z~a826a2~1 Total Liabilities & Other Credits $1,55.409,7 5 $4.722,999 $ Capital Ratios: Long Term Debt % % 4.03.% Advances from Affiliates 2.84 Preferred Stock - - Common Stock and Surplus $ 146,150 31,500 8, , , ,214 20z1~ $1,90B.o % 42:45

67 56 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET - DECEMBER 31, 1973 ASSETS AND OTHER DEBITS SCIO TEL. CO. STAYTON COOP. TEL. CO. 1Thi'"ITED TEL. CO. OF THE N.W. TOTAL Utility Plant in Service Utility Plant Under Canst. Property Held for Future Use Utility Plant Acquisit. Adj. Sub Total Less: Depr. & Arrort. Reserve Net Utility Plant Investment in Affiliated Co. Other Investments Current Assets Other Assets & Def. Debits Total Assets & Other Debits $ 2,151,091 8,578 2,159,669 4~2 1 o6z 1,6 o,6o2 12, ,401 2 ~2Z i 2.ooo::1o $ 57,721,364 $ 2, 427,038,803 4,483,377 61,540,169 39,400 3,355,627 14~ 1 2; 62,244,141 2, 492, o e, s ,310,997 50,275,095 2,012,~68,861 2, 31,500 1,027,356 2,053,273 6,374, ,248, ti i iss, 2BB:~t4 $ 2 1 l8q 2 8SLE 1 zt3~ LIABILITIES & OTHER CREDITS Proprietorship Capital Stock - Common - Preferred Memberships & Memb. -Equity Cert. Install. on Cap. stk. & Memb. Cert. Premium & (Discount) On Cap. Stk. Capital Surplus Capital Stock Expense - Debit Earned Surplus Reserved Unappropriated Earned Surplus Long Term Debt Advances from Affiliated Companies Current and Accrued Liabilities Deferred Credits and Other Reserves Total Liabilities & Other Credits $ 493,582 1,659 $ so2,85o $ 57,725 3,890 20,943 >904,695 1,007,473 1,969 2a612 f 2,000,310 $ $ 13,665, ,983,077 6oo,ooo 648, ,445 3,890 (2,421) 74,370,406 (56,635) 7,86o,84H 87, , ,289 1,302,807 9,925, ,132,574 28,529, ,087,701 38,371,000 2,669, ,297, ~ 1 6~8 10~ ~6 $ 58, i2,1b,898,7 r; Capital Ratios: Long Term Debt Advances from Affiliates Preferred Stock Coremon Stock and Surplus (Red Figures) -% % % 42.02%

68 CLASSES A.AND B TELEPHONE UTILI'l'J...c.l.) TOTAL SYSTEM INCOME STATEMENT.AND SURPLUS ANALYSIS YEAR INCOME 0TATEr<IENT AURORA BEAVER CREEK BEAVER STATE BL-UE MOUNTAIN TEL. CO. COOP. TEL. CO. TEL. CO, TEL., INC. Operating Revenues $ 340,198 $ 321,051 $1,123,551 $ 236,271 Operating Expenses 107, , , ,923 Depreciation 69,304 87, ,213 43,522 Amortization InvEstment Credits -Net 14,172 34,145 Taxes !150 25,180 Total Operating Rev. Ded. 2:2Zag b:20 8~a 4lo o2g Net Operating Income 102, 69 79,421 2,135 33,64. Other Income z z282 Total Income 111,850 80, ,281 42,235 Misc. Deductions from Income 26 ~72 Income Avail. for Fixed Chgs. 111,850 80, ,255 4l,o2 Interest on Long Term Debt 64, ,871 10,634 Other Fixed Charges 2z64: :201 Total Fixed Charges ~~ ~~ Z~zZ ~ 1Z2z 10z222 Net Income 3,117 62,07 119,387 30,927 Extraordinary Items - Net Net Income $, 38,117 $ 113,255 $ 119,387 $ 30,927 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 162,083 $ 241,382 $1,036,369 $ 123,979 Net Income 38, , ,387 30,927 Other Credits 23,000 29,537 Dividends 48,248 4,500 Other Debits z86 Balance, December 31 $ 22:2,200 $ 282s288 $1,107:,~08 $ 150,406

69 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET - DECEMBER 31, 1973 INCOME ~TAT~ NT CAL.-PAC. CANBY TEL. CASCADE UTIL. CO. ASSOC. UTIL. CO. CLEAR CREEK MUT. TEL. CO. Operating Revenues (1) $ 720,731 $1,351,966 Operating 2xpenses 292, ,029 Depreciation 203, ,374.Amortization Investment Credits - Net 13,598 Taxes z Total Operatin~ Rev. Ded. 2blab: lb0 1 bl2 Net Operating Income 159, ,347 Other Income 2i z8~ Total Income 19,35b 210,130 Misc. Deductions from Income 40 1~0 Income Avail. for Fixed Chgs. 194,3lb 209,9 0 Interest on Long Term Debt 75,059 Other Fixed Charges 88z8Z2 ~4 1 2z8 Total Fixed Charges ss.st2 l02zg~z Net Income 105, , 3 Extraordinary Items - Net Net Income $ 105,441 $ 100,643 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $1,280, ,578 Net Income 105, ,643 Other Credits 421 Dividends 10,648 Other Debits Balance, December 31 $1.386,600 $ $ 331, ,716 73, t 22~zlZ- 7,176 8z2 79, g 77,78 26,370 2b 1 4t~ 51,344 - $ $ 37,675 51,344 2lz734 $ (l) Syst~m Balance Sheet is reported in Joint Utilities.

70 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS.ANALYSIS YEAR INCOME STATflviENT Operating Revenues Operating Expenses Depreciation Amortization Investment Credits -Net Taxes Total Operating Rev. Ded. Net Operating Income Other Income Total Income Misc. Deductions from Income Income Avail. for Fixed Chgs. Interest on Long Term Debt Other Fixed Charges Total Fixed Charges Net Income Extraordinary Items - Net Net Income EARNED SURPLUS OR PROPRIETORSHIP Balance, January l Net Income Other Credits Dividends Other Debita Balance, December 31 COLTON CONTINENTAL CRESWELL TEL. CO. TEL. CO. of NW TEL. (l) $ 155,119 $11,294,379 $ 301,541 71,686 4,989, ,383 38,751 2,149,079 42,769 9,840 41, ~1 8; ~z 120.: ; ,731 3,270,497 6o, lt4alz2-39,719 3,4 4,672 60,472 4a22~ 2z20; ,32 3,461,469 60,372 6,837 1,022,148 6,924 ;268 :21Za2~2 l2a~22 ~~202 1.;24010-l 22 1 z6 2,119 2,121,388 37, $ 28.11~ $ 2!211!288 $ $ 43,830 $ 6,469,196 $ 203,136 28,119 2,271,288 37,696 39,030 1,050,201 10,892 $ 3.2!21~ $ 1.620!283. $ DEPOE BA.Y TEL. CO. $ 330,016 93,554 70,634 7,208 :; ,720 ~ , ,920 43, a224 50,596 $ 50!526 $ 216,586 50,596 $ 261!182

71 60 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR INCOME otateivj.e:nt DESCHUTES EASTERN OREGON GENERAL TEL. CO. TEL. CO. TEL. CO. NW Operating Revenues $ 240,735 $ 399,467 $129,324,222 Operating 2xpenses 74, ,743 47,360,230 Depreciation 44,619 52,081 24,271,097 Amortization Investment Credits -Net 3,871 1,253,415 Taxes 42z222 22z1 6 2~ Total Operatin~ Rev. Ded. lbb 1 2:2~ 2201~-0 2 t242zl22 Net Operating Income 74,49 78, t37 30,779,070 Other Income 4 2 2'17 2z42t l t4 Total Income 78,773 84,31 32,191,8 4 Misc. Deductions from Income - 24tz826 Income Avail. for Fixed Chgs. 78,773 84,314 31,94,oo8 Interest on Long Term Debt 36,120 11,948,745 Other Fixed Charges 2z ~~ Total Fixed Charges 42!019 B !2blz'll- Net Income 36,754 76,171 16,982,294 Extraordinary Items - Net Z2a826 Net Income $ jb.754 $ $:17, EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 45,180 $ 321,344 $ 21,211,545 Net Income 36,754 7f-17l 17,055,130 Other Credits Dividends 17,900 1~710 13,300,000 Other Debits Balance, December 31 $ 64!024 $ ~22!802 $ 24~ Z2

72 CLASSES A ft~ B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEivlENT AND SURPLUS ANALYSIS YEAR INCOME 0TAT~ NT IDAHO KNAPP A MAllil!.."LJH HOl'flE TEL. CO. TEL. CO. TEL. CO. MONITOR 'I'EL. CO. Operating Revenues $ 2,584,260 $ 180,099 $ 1,914,882 Operating Zxpenses 1,257,873 57, ,814 Depreciation 445,692 28, ,791 Amortization 1,085 Investment Credits - Net 3,658 3C,294 Taxes ~2 2818~ ~:26 Total Operating Rev. Ded. lz22t3z~t2 llb 1 2-:2 lz;2141-~2 Net Operating Income 625,315 61,836 4oo,4 7 Other Income Total Income 695,730 63, ,387 Misc. Deductions from Income 22tio4 194 ~:24 Income Avail. for Fixed Chgs. 693, 26 63, ,053 Interest on Long Term Debt 263,102 40,326 Other Fixed Charges Total Fixed Charges :26~ Net Income 32,335 13, ,6n Extraordinary Items - Net - Net Income $ 328,335 $ 13s 2::r2 $ _3.66,611. EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 1,202,720 $ 33,488 $ 472,285 Net Income 328,335 13, , 6n Other Credits $ 69,767 32,135 17,835 ~ , ,979 15,979 4, ~ 1 ' 2 $ ll,282 $ 88,103 ll,282 Dividends 205, ,744 Other Debits Balance, December 31 $ 1~~25!855 $ 4:Z,481 $ 600,152 $ 22,385

73 62 C~.SSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEJitlENT AND SURPLUS ANALYSIS YEAR INCOME 0TATEV NT I'1T. ANGEL NORTH STATE NOR'ffil/ESTERN TEL. CO. TEL. CO. TEL. SYS. INC. OREGON T:2L. CORP. Operating Revenues $211,677 $ 64,408 $ 8,208,971 Operating ~penses 89,786 35,609 2,924,201 Depreciation 31,402 9,763 1,227,540 Amortization 1, Investment Credits - Net 2, ,000 Taxes 34,818 Iz ;2 1 7:28 Total Operating Rev. Ded. 159,51 2:2z:2l' :2 2 76~ Net Operating Income 52,15 11,092 2,055,20. Other Income :288 Total Income 53,079 12,057 2,344,592 Misc. Deductions from Income Income Avail. for Fixed Chgs. 53,059 12,005 2,343,326 Interest on Long Term Debt 4, ,832 Other Fixed Charges 16, :2 Total Fixed Charges 16, :2,922 Net Income 36,291 7,395 1,449,391 Extraordinary Items - Net (27 2 :200) Net Income $ 36,291 $ 7,225 $ 1,422,021 EARNED SURPLUS OR PROPRIETORSillP Balance, January 1 $135,022 $ 34,030 $ 2,992,848 Net Income 36,291 7,395 1,422,091 Other Credits 11,140 Dividends 14, ,500 Other Debi~s Balance, December 31 $168,284 $ 41,425 $ 2,824,422 $ 254, ,631 68, :28t , 81 2z209 39,790 26:2 39,527 14, ,256 $_15,256 $ 92,731 25, $ 117,522 (Red Figures)

74 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYST.Erv1 INCOME STAT.El>iENT AND SURPLUS ANALYSIS. YEAR PACIFIC N.W. PIONEER REmWODS ROSE VALLEY INCOI'o'li!: :TATEtviENT BELL TEL. CO TEL. COOP. TEL. CO. TEL. CO. Operating Revenues $ 601,098,385 $1,187,360 $306,123 $ 479,113 Operating 2xpenses 293,139, , , ,657 Depreciation 90,057, ,673 24,692 75,952 Amortization 19,690 5,268 Investment Credits - Net 5,516, Taxes : ~ :2~ 6:2 1 88; Total Operating Rev. Ded. 421a212a:21 241abl- 3~2~~11 Net Operating Income 103,126, ,742 2~~:~~~ 1 6, 02 Other Income ~6i :22 1 1:22 6z02:2 Total Income 107,345, 3 271,874 78,~tS 152,855 Misc. Deductions from Income 24~a2:2: Income Avail. for Fixed Chgs. 1Cb,79, ,456 78, ,855 Interest on Long Term Debt 32,000,055 67,413 57,663 Other Fixed Charges ;2~ 1,446 1:2,896 11,881 Total Fixed Charges a822 1~~8r 1;2,;244 Net Income 67,050, ,597 6,9 7 77,311 Extraordinary Items - Net (4~ 909) - Net Income $ bi.oo-:28~ $ 202,22:Z $ 64.2b1 $ 7:Z.3ll EARNED SURPLUS OR PROPRIETORSIDP Balance, January 1 $ 147,682,901 $1,009,631 $276,699 $ 455,739 Net Income 67,004, ,597 64,967 77,311 Other Credits 495 1,301 Dividends 47,884,653 38,481 Other Debits 4:2 Salance, December 31 $ 166,802,284 $1.212,228 $342,267 $ (Red Figures)

75 64 CLASSES A AND B TELEPHO:N""E UTILITIES TOTAL SYSTE:ro'I INCOME STATEixl.ENT M'D SURPLUS.ANALYSIS YEAR INCOME...:TATEJ;:I.ENT SCIO TEL. CO. STAYTON COOP. TEL. CO. UNITED TEL. CO OF THE N.W. TOTAL Operating Revenues $140,492 $ 519,442 Operating ~penses 28, ,767 Depreciation 16,214 97,750 Amortization Inv stment Credits - Net - Taxes 5,3~ ~25 Total Operating'Rev. Ded. 49, Net Operating Income 90, ,600 Other Income 4,207 2z882 Total Income 95,116 1Bl,48s Misc. Deductions from Income Income Avail. for Fixed Chgs. 95, ,767 Interest on Long Term Debt 20,179 Other Fixed Charges Total Fixed Charges Net Income ,588 Extraordinary Items - Net Net Income $ $ I59,s88 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $411,842 $ 767,634 Net Income 95, ,588 Other Credits 7, Dividends 20,825 23,123 Other Debits 2 Sa1ance, December 31 $ $ $16,409,058 $ 780,099,484 6,264, ,414,583 3,397, ,841,148 37, ,300 7,347,999 2z28226~ , 20,~ 1 6,:22zi , 58, ,~01,320 3~1,2~2 6z622z560 4,19, ,996,880 2~ ,lb,730 8:22z ,161,201 1,760,659 48,369, o 3 o4o 2 oo~ 2,391,918 92,121,1: $ 2,391,918 $ _9k-321, 905 $ 7,384,682 $195,066,976 2,391, , , , ,942 63,862,161 22,562 $ 2,222,411 $

76 ClASSES A.AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS.AND PRIMARY STATISTICS STATE OF OREGON - YEAR 1973 RESULTS OF OPERATim;s OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollectibles Total Operating Revenues AURORA BEAVER CREEK BEAVER STATE TEL. CO. COOP. TEL. CO. TEL. CO. $ 98,516 $ 163,965 $ 270, , , ,197 10,361 2,064 29,987 ~z , ,051 1,123,551 BLUE MOUNTAIN TEL. CO. $ 67, ,121 2, ,271 OPERATING REVENUE DEDUCTIONS Maintenance 39,134 46, ,147 Traffic 3,462 7,795 8,100 Conmercial 24,772 31,365 59,456 General Office 29,385 18,585 84,892 Other Operating Expenses 10z~2~ : ~1~ Total Operating Expenses 107,10 131, ,90 Depreciation 69,304 87, ,213 Amortization Investment Credits -Net 14,172 34,145 Taxes 46a Total Operating Rev. Ded. 2~Zz~ :2o 8~~~416 Net Operating Income $ 102, 69 $ 79t421 $ 2,135 Gross Plant in Service $1,618,006 $1,987,397 $4,444,097 Depreciation Reserve $ 195,337 $ 98,188 $ 759,489 85, , ,923 43, ~ $ 33,64 $1,060,632 $ 560,882 PRIMARY STATISTICS Miles of Aerial Wire ,304 Miles of Cable So Number of Central Offices Total Company Telephones 1,969 2,601 4,131 Total Telephones in Service 1,969 2,601 4,131 Average Company Telephones 1,809 2,326 4,033 1,

77 66 CLA.SSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR 1973 CAL.-PAC. CANBY TEL. CASCADE CLEAR CREEK UTIL. CO. ASSOC. UTIL. ro MUT. TEL. CO. RESULTS OF OPERA.Tim;s OPERATING REVENUES Local Service $ 343,711 $ 302,817 $ 582,058 $ 224,431 Toll Service 1,253, , , ,515 Miscellaneous 60,448 11,569 35,799 2,501 Unc.ollecti bles ~0 lz~ ~~ 6z02~ Total Operating Revenues 1,645, ,731 1,351,9 331,352 OPERATING REVENUE DEDUCTIONS Maintenance 198, , ,782 62,266 Traffic 158,525 4,076 79,135 1,527 CollJilercial 91,344 45,212 61,274 15,764 General Office 198,705 72, ,045 39,333 Other Operating Expenses ,12~ ; Total Operating Expenses 647, , , ,716 Depreciation 250, , ,374 73,997 Amortization Investment Credits - Net (23,609) 13,598 Taxes : : z ~ Total Operating Rev. Ded z zlZ- Net Operating Income $ 4s4.329 $ $ $ 78,176 Gross Plant in Service $5,215,557 $2,998,488 $5,864,374 $1,720,760 Depreciation Reserve $ 706,319 $ 777,093 $1,385,761 $ 345,173 PRIMARY STATISTICS Miles of Aerial Wire ,226 Miles of Cable Number of Central Offices Total Company Telephones 6,579 6,280 5,289 2,311 Total Telephones in Service 6,655 6,280 5,289 2,314 Average Company Telephones 6,273 6,039 5,069 2,186 (Red Figures) I

78 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR RESULTS OF OPEM.Tim;s OPERATING REVENUES Local- Service Toll Service Miscellaneous Unc.ollectibles Total Operating Revenues COLTON TEL. CO. CONTINENTAL TEL. CO. of' NW $ 59,689 $ 1,423,476 93,559 1,576,233 2, ,354 z8o 22a ,119 3,075,663 CRESWELL TEL. m. DEPOE BAY TEL. CO. $ 94,854 $ 122, ~743 10, ,059 8, ~1 301, ,016 OPERATING REVENUE DEDUCTIONS Maintenance Traffic Conmercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amortization Investment Credits - Net Taxes Total Operating Rev. Ded. Net Operating Income 19, ,991 1,491 77,935 14, ,363 21, , ~ ,6 6 1,310,491 38, ,696 1,507 41,095 2a2~ o:~-s 2z262a6Zl $ $ 709,992 43,596 31,840 2,210 2,2o4 7,100 30,941 65,598 22,049 24z8~2 6 1 ; ,3 3 93,554 42,769 70,634 7,208 44z21Z $ 6o,472 $ 103,720 Gross Plant in Service Depreciation Reserve PRlMARY STATISTICS Miles of' Aerial Wire Miles of Cable Number of' Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones $ 554,637 $12,132,101 $ 96,840 $ 2,081, , , , ,133 $837,804 $1,236,268 $286,497 $ 194, ,568 1,885 1,568 1,885 1,516 1,841

79 68 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR 1973 RESULTS OF OPERATIQl;S OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollectibles Total Operating Revenues DESCHUTES TEL. CO. $ 60, ,334 6,762 2, ,735 EA.STERN ORIDJON TEL. CO. $ 116, ,793 3,309 1,~65 399, 67 GE:r--J'ERAL TEL. CO. NW $ 20,908,988 18,200,000 1,056,713 83,790 4o,oBl,9ll OPERATING REVENUE DEDUCTIONS Maintenance 31,255 62,385 6,603,339 Traffic 1,513 1,122 2,784,107 Conmercial 15,465 21,125 2,186,001 General Office 19,254 55,611 2,532,443 Other Operating Expenses 22z200 lzl2z21~2 Total Operating Expenses 74:~~4 175,743 15,303,0 5 Depreciation 44,619 52,081 7,247,403 Amortization Investment Credits- Net 3, ,497 Taxes 42a222 22zZ~6 z~2t9 428 Total Operating Rev. Ded. lbb 22:2t :220~~-0 :2ozz-4z:29a Net Operating Income $ $ $ Gross Plant in Service Depreciation Reserve $1,135,102 $ 116,758 $1,171,218 $ 473,228 $139,947,474 $ 21,02~,392 PRIMARY STATISTICS Miles of Aerial Wire Miles of.cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones ;607 1,607 1,471 8,567 6, , , ,225 ~ \

80 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON -.YEAR 1973 RESULTS OF OPERATIOl;s OPERATING REVENUES Local Service Toll Service Miscellaneous Unc.ollecti bles Total Operating Revenues IDAHO KNAPP A MAIREUR HOME TEL. CO. TEL. CO. TEL. rn. $ 31,985 $ 54,701 $ 915,238 45, , , ,486 99,787 4;21 78, ZO 180,099 1~ ,91,882 MONITOR TEL. 00. $ 25,145 43,325 1,297 69,767 OPERATING REVENUE DEDUCTIONS Maintenance 15,986 20, ,219 Traffic 1,146 1,486 38,683 Commercial 4,976 13, ,144 General Office 8,941 15, ,226 Other Operating Expenses ~ ;2 1 8oo 12Z 1 ~42 Total Operating Expenses 33,86 57, , 14 Depreciation 20,423 28, ,791 Amortization Investment Credits- Net 3,658 30,294 Taxes ~ 2818~1 4;28 1 ~;.26 Total Operating Rev. Ded. ;2B 1 ~0 11B 1 2-~ 1 1 ~14 1 -~2 Net Operating Income $ $ $ oo.4 7_ 9, ,695 9, ,135 17,835 41~16 24z -m:; $ 1s.o81 Gross Plant in Service $349,797 $ 824,051 $ 5,739,224 Depreciation Reserve $114,229 $ 66,926 $ 1,415,055 $ 359,598 $ 70,783 PRIMARY STATISTICS Miles of Aerial Wire ,729 Miles of Cable Number of Central Offices Total Company Telephones ,983 Total Telephones in Service ,997 Average Company Telephones ,

81 70 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR 1973 RESULTS OF OPERATIOl;S OPERATING REVENUES Local Service Toll Service Miscellaneous Unc.ollectibles Total Operating Revenues Ml'. ANGEL TEL. CO. NORTH STATE TE.'L. CO. $ 8o,885 $ 30, ,557 33,577 1,919 2,027 1, ,677 1,400 64,4o8 NORTHWESTERN TEL. SYS. INC. OREGON TEL. CORP. $ 907,722 $ 78,397 1,095, , ,925 9,84e 1~ ~ 2,12, ,8 7 OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amortization Investment Credits -Net Taxes Total Operating Rev. Ded, Net Operating Income 21,396 6,661 1, ,099 10,175 38,092 12,190 17,36~ 2 ~93 89,78 35,09 31,402 9,763 1,136 2, , $ ,21 $ 52,15 274,956 32,692 16,977 1, ,230 33, ,997 36, , , ,864 68, , ,899 22z:.28g 1,583, b- $ $ Gross Plant in Service Depreciation Reserve PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones $701,718 $316,176 $201,479 $ 80, , , , $8,133,524 $1,029,451 $2,098,118 $ 482,972 1, ,021 1,372 16,023 1,373 15,420 1,331

82 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR PACIFIC N.W. PIONEER BELL TEL. CO. T.EL. COOP. RESULTS OF GPERATim;s OPmATING REVENUES Local Service $111,284,912 $ 439,301 Toll Service 117,920, ,880 Miscellaneous 11,992,898 29,654 Unc.ollecti bles 1 1 ~ ~2 Total Operating Revenues 239,38,616 1,187,3 0 OPERATING REVENUE DEDUCTIONS Maintenance 46,900, ,228 Traffic 19,098,330 8,077 ColDilercial 19,272,350 94,746 General Office 14,092, ,283 Other Operating Expenses ~26 6:21206 Total Operating Expenses 119,219, ,240 Depreciation 35,973, ,673 Amortization (3) 5,268 Investment Credits- Net 2,625,851 Taxes : :2~ Total Operating Rev. Ded. 1~: : 1 : :41 1 2~ Net Operating Income $ 2, $ Gross Plant in Service $711,876,012 $5,947,236 Depreciation Reserve $144,972,057 $2,189,749 PRIMARY STATISTICS Miles of Aerial Wire 47,211 4,251 Miles of Cable 18, Number of Central Offices Total Company Telephones 1,077,449 6,753 Total Telephones in Service 1,080,596 6,804 Average Company Telephones 1,051,645 6,500 REDWOODS TEL. CO. ROSE VALLEY TEL. CO. $ 93,547 $ 157, , ,810 3,775 20, , ,113 31,112 39,865 54,903 5, ,297 31,344 37, :28~ 10164;2 139,27 135,657 24,692 75,952 6; , ~ 1 Bg~ $ 7.2 $ :2~2 1 ~11 1 6, 02 $670,783 $1,874,874 $149,878 $ 165, ,198 2,610 2,203 2,610 2,050 2,501 (Red Figures)

83 72 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR 1973 RESULTS OF OPERATim;s OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollectibles Total Operating Revenues SCIO TEL. CO. STAYTON COOP. TEL. CO. $ 43,018 $ 201,353 94, ,811 2,583 33, , ,442 UNITED TEL. CO. OF THE N.W. TOTAL $ 2,664,105 $ 141,847,452 5,921, ,653, ,559 13,955,235 20z ~~~~08 8,798, ,822, 94 OPERATING REVENUE DEDUCTIONS Maintenance Traffic Conmercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amortization Investment Credits- Net Taxes Total Operating Rev. Ded. Net Operating Income 7, ,662 1,020 2,610 7,149 36,275 8,685 25,755 ~~27~ 28z462 2,07 205,767 16,214 97,750 2~~~ ~ Iz-42 $ 9o,8o9 $ ,456,770 57,689, ,248 23,022, ,775 23,135, ,095 18,893, z222z766 3,332, ,101,265 1,616,841 48,376,690 8, ,222 3,583, ~ ~ ~~ 2 2-8,951,253 2B~ $ 2,1.9/ ' $ 57.,871, 241 Gross Plant in Service Depreciation Reserve PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones $383,565 $2,151,092 $ 98,959 $ 479, ,227 3,966 1,227 3,966 1,193 3,814 $ 33,721,110 $ 956,002,126 $ 4,760,016 $ 186,373,601 4,902 78, , ,032 1,421,167 38,o65 1,425,135 36,634 1,382,258

84 CLASSES A ANt> B TELEPHONE UTILITIES DERIVED STATISTICS - STATE OF OREGON YEAR DATA Pffi AV.ffiAGE COl:lF'.AN"Y TrJ.RPHONE AURORA TEL. CO. BEAVER CREEK COOP., TEL. CO. BEAVER STATE TEL. CO. BLUE MOUNTAIN TEL. CO. O~ratin~ Revenues Exchange Revenue $ $ Toll Revenue Miscellaneous Uncollectible Revenues Total Operating Revenues 3 3. ~ ~ $ $ Qperating Revenue Deductions Maintenance Tra.:f:fic Commercial General Office Other Operating Expenses 2 73 Sub Total ~ 5 9 Depreciation Amortization - Investment Credits - Net 7.84 Taxes 2~ 22 ~ ~ Total Operating Revenue Ded. Net Operating Income $ 5-75 $ oo ~ ;21.61 ~0-~0 20J:.l~ $ 71.4 $ 4o!4~ Gross Plant Per Average Co. Tel. $ $ Ratio o:f Gross Plant to Oper. Rev % of Depreciation to Gross Plant %of Oper. Exp. to Oper. Rev %of Uncol1. to Oper Rev % of Taxes to Operating Revenue $ 1, $

85 74 CLASSES A AND B TELEPHONE UTiLITIES DERIVED STATISTICS - STATE OF OREGON YEAR DATA Pill AVERAGE COl:JJ'.ANY TELEPHONE CAL.-PAC. UTIL. CO. CANBY TEL. ASSOC. CASCADE UTIL. INC. CLEAR CREEK MUT. TEL. CO. Operating Revenues Exchange Revenue Toll Revenue Miscellaneous Uncollectible Revenues Total Operating Revenues $ l $ $ $ b2!l " Operating Revenue Deductions Maintenance Traffic Commercial General Office Other Operating Expenses Sub Total Depreciation.Amortization Investment Credits - Net Taxes Total Operating Revenue Ded. Net Operating Income (3.76) $ ~ 7.2! iht $ ~ ~ $ lz.z ~ 112. $ : Gross Plant Per Average Co. Tel. Ratio of Gross Plant to Oper. Rev. % of De preciation to Gross Plant % of Oper. Exp. to Oper. Rev. %of Uncoll. to Oper Rev. % of Taxes to Operating Revenue $ $ $ $ (Red Figures)

86 CLASSES A AND B TELEPHONE UTILITIES DERIVED STATISTICS - STATE OF OREGON YEAR DATA Pili AVERAGE CONF.ANY TELEPHONE COLTON TEL. CO. CONTINENTAL TEL. CO. of NW CRESWElL TEL. co. J)BPOB BAY TEL. CO. Operating Revenues Exchange~venue Toll Revenue Miscellaneous Uncollectible Revenues Total Operating Revenues Operating Revenue Deductions Maintenance Traffic Commercial General Office Other Operating Expenses Sub Total Depreciation Amortization Inves~ent Credits - Net Taxes Total Operating Revenue Ded. Net Operating Income $ $ ~ ~ IH 16~.44 1 'l:fl4. $ 4.30 $ $ $ ~ ~ ~ g.22 $ ~ $ Gross Plant Per Average Co. Tel. Ratio of Gross Plant to Oper. Rev. % of Depreciation to Gross Plant %of Oper. Exp. to Oper. Rev. % of Uncoll. to Oper Rev. % of Taxes to Operating Revenue $ $ $ $

87 76 CLASSES A.AND B TELEPHONE UTILITIES DERIVED STATISTICS - STATE OF OREGON YEAR DATA P.t!R AVERAGE COHF'ANY TELEPHONE DESCHUTES TEL. CO. EASTERN OREGON TEL. CO. GENERAL ~.QQ.~ Operating Revenues Exchange Revenue Toll Revenue Miscellaneous Uncollectible Revenues Total Operating Revenues $ B.42 ~ $ $ Operating Revenue Deductions Maintenance Traffic Commercial General Office Other Operating Expenses Sub Total Depreciation Amortization Investment Credits - Net Taxes Total Operating Revenue Ded. Net Operating Income ~ 42 2oz.o2 $ 22!zz rtht $ ~ ~ $ 48.'12 Gross Plant Per Average Co. Tel. Ratio of Gross Plant to Oper. Rev. % of Depreciation to Gross Plant % of Oper. Exp. to Oper. Rev. % of Uncoll. to Oper Rev. % of Taxes to Operating Revenue $1,413, $ $

88 ClASSES A.AND B TELEPHONE UTILITIES DERIVED STATISTICS - STATE OF OREGON YEAR DATA PER AVERAGE COm'.MlY TFJ.RPHONE IDAHO KNAPP A MAiliEUR HOME TEL. CO. TEL. CO. TEL. CO. MONITOR TEL. CO. O~ratin~ Revenues Exchange Revenue Toll Revenue Miscellaneous Uncollectible Revenues Total Operating Revenues $ $ ~ $ ~ $ Operating Revenue Deductions Ma.intenan~e Traffic Commercial General Office Other Operating Expenses Sub Total Depreciation Amortization Investment Credits - Net Taxes Total Operating Revenue Ded. Net Operating Income ~ $ ~ ~ ~ $ b7: ' :22 62 $ ~ ~ $ ~0.22 Gross Plant Per Average Co. Tel. Ratio of Gross Plant to Oper. Rev. % of Depreciation to Gross Plant % of Oper. Exp. to Oper. Rev. %of Uncoll. to Oper Rev. % of Taxes to Operating Revenue $ $ $ $ 720~

89 78 CLASSES A AND B TELEPHONE UTILITIES DERIVED STATISTICS - STATE OF OREGON YEAR DATA Pili AVERAGE COW 'ANY TF:l."":PHONE MT. ANGEL TEL. CO. NORTH STATE TEL. CO. NORTID TESTERN TEL. SYS. INC. OREGON TEL. CORP. Operating Revenues Exchange~venue Toll Revenue Miscellaneous Uncollectible Revenues Total Operating Revenues $ $ ~ $ $ O~rati~ Revenue Deductions Maintenance Traf':fic Commercial General O:f:fice Other Operating Expenses Sub Total DepreciatiQn Amortization Investment Credits - Net Taxes Total Operating Revenue Ded. Net Operating Income ~ ~ ~ $ 0 $ ~ 1 $ 35.o6 $ Gross Plant Per Average Co. Tel. Ratio of Gross Plant to Oper. Rev. % of Depreciation to Gross Plant % of Oper. Exp. to Oper. Rev. %of Uncoll. to Oper Rev. % of Taxes to Operating Revenue $ $ $ $

90 CLASSES. A AND B TELEPHONE UTILITIES DERIVED STATISTICS - STATE OF OREGON YEAR DATA Pi!R AVERAGE C0!-1F.ANY TELEPHONE PACIFIC N.W. BElL TEL. CO. PIONEER TEL. COOP. REDWOOBS TEL. CO. ROSE VALLEY TEL. CO. Operating Revenues Exchange~venue $ $ Toll Revenue Miscellaneous Uncollectible Revenues Total Operating Revenues 7 ~ ~ $ $ O~erati~ Revenue Deductions Maintenance Traffic Commercial General Office Other Operating Expenses Sub Total Depreciation Amortization.oo..81 Investment Credits - Net 2.50 Taxes Total Operating Revenue Ded. ~ l 3 ~ l 5.7 Net Operating Income $ $ ) ~ $ 3.l ~ $ 5.z Gross Plant Per Average Co. Tel. $ $ Ratio of Gross Plant to Oper. Rev % of' Depreciation to Gross Plant %of' Oper. Exp. to Oper. Rev %of' Uncoll. to Oper Rev % of' Taxes to Operating Revenue $ $

91 so CLASSES A AND B TELEPHONE UTILITIES DERIVED STATISTICS - STATE OF OREGON YEAR DATA Pili AVERAGE COHFANY TELEPHONE SCIO TEL. CO. STAYTON COOP. TEL. CO. UNITED TEL. CO. OF THE N.W. AVERAGE Operating Revenues Exchange Revenue Toll Revenue Miscellaneous Uncollectible Revenues Total Operating Revenues Operating Revenue Deductions Maintenance Traffic Commercial General Office Other Operating Expenses Sub Total Depreciation Amortization Investment Credits - Net Taxes Total Operating Revenue Ded. Net Operating Income $ $ ~ ;os ~ ~ $ $.99 $ $ ~ ~6:1~ $ s8.ss $ 41.8'1 Gross Plant Per Average Co. Tel. Ratio of Gross Plant to Oper. Rev. % of Depreciation to Gross Plant %of Oper. Exp. to Oper. Rev. %of Uncoll. to Oper Rev. % of Ta.Xes to Operating Revenue $ $ so $ $ se

92 CLASS C TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET...; DECEMBER, ASOTIN EAGLE FOSSIL GERVAIS ASS.r..'TS Ml) OTH.ill DEBITS TEL. co. TEL. CO. TEL. CO. TEL. CO. Utility Plant in Service $ 576,818 $ l0lf002 $ 260,758 $ 362,304 Utility Plant Under Const. 16,202 13,199 Property Held for Future Use Utility Plant Acquisit. Adj Sub Total 593, , , ,503 Less: Depr. & Amort. Reserve ~1 14~2841 ~2z:2~6 Net Utility Plant 386,978 75,0 4 11, ,9 7 Investment in Affiliated Co. Other Investments Current Assets 45,967 5, ,250 86,016 Other Assets & Def. Debits l0 1 84o 2z228 Total Assets & Other Debits $ $ 80,941 $ 217,167 $ LIABILITIES & OTHeR CREDITS Proprietorship $ $ 21,054 $ $ Capital Stock - Common 29, Preferred 59,250 Memberships & Ivlemb. Equity Cert. 2,505 Install. on Cap. Stk. & Memb. Cert. Premium & (Discount) on Cap. Stk. Capital Surplus Capital Stock Expense - Debit Earned Surplus Reserved 34,912 80,781 Unappropriated Earned Surplus 202,027 Long Term Debt 132,622 55, , ,090 Advances from Affiliated Companies Current and Accrued Liabilities 184,754 4,472 10,949 16,418 Deferred Credits and Other Reserves. 3,0~ ~8 221 Total Liabilities & Other Credits $ lt4).1 5 $ BOs241 c w 211,1 1 $ 311,221 Capital Ratios: Long Term Debt 51.81% 72.47% % % Advances from Affi~iates Preferred Stock 2).14 Common Stock and Surplus

93 !. 82 CLASS C TELEPHONE u~ilities TOTAL SYSTEM BALANCE SliEEl' - DECEI>lBER, 1973 ASS~'TS Jll.iD O'l.'!iffi DEBITS HAINES TEL. CO. HALSEY TEL. CO. HELIX 'IEL. CO. HOME TEL. CO. Utility Plant in Service Utility Plant Under Const. Property Held for Future Use Utility Plant Acquisit. Adj. Sub Total Less: Depr. & Amort. Reserve Net Utility Plant Investment in Affiliated Co. Other Investments Current Assets Other Assets & Def, Debits Total Assets & Other Debits $ 246, , , ,538 10,550 $ $ 425,340 ( ) 424, ~ 335,18 6,000 12,812 2zli2 $ 2s6 1 1Z2 $ 183,065 $ 405,468 1,690 1, ,755 4c6,598 70,7~0 113,9 5 12: ,9h3 2,925 31,850 $ 116, $ 2Z LIJJ3ILITIES & OTHLL~, CHEDITS Proprietorship Capital Stock- Common._ Preferred Memberships & Ivl~mb. Equity Cert. Install. on Cap. Stk. & Memb. Cert. Premium & (Discountj on Cap. Stk. Capital Surplus Capital Stock ~ense- Debit Earned Surplus Reserved Unappropriated Earned Surplus Long Term Debt Advances from Affiliated Companies Current and Accrued Liabilities Deferred Credits and Other Reserves Total Liabilities & Other Credits Capital Ratios: Long, Term Debt Advances from AffL iates Preferred Stock Common Stock and Surplus $ 16,050 4,855 25,947 78,531 30, ~ $ 157, % $ 48,935 72, ,705 19,554 z2,:2:27 $ 356,1Z ,% $ 112,780 $ 27, ,490 2,044 70,929 2,086 14,424 $ z922 $ ,% 27.45,%

94 CLASS C TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET - DECEMBER, MEACHAM MONROE NEHALEM TEL. PEOPLE'S ASSI:!."TS M"D OTHER DEBITS TEL. CO. TEL. CO. &: TEL. CO. TEL. CO. Utility Plan~ in Service $ 40,730 $ 188,612 $ 402,810 $ 415,919 Utility Plant Under Const. Property Held for Future Use Utility Plant Acquisit. Adj. - Sub Total 40, ,612 4o2,8:LO 415,919 Less: Depr. & Amort. Reserve :2z6:2Z Zl 1 88z lu9zl Net Utility Plant 37, , , ,259 Investment in Affiliated Co. Other Investments 5,000 Current Assets 15,463 21,649 39,636 32,874 Other Assets &: Def. Debits 6z:2ZZ ~,25~ U112Z Total Assets & Other Debits $ 52,556 $ $ $ 27,260 LIABILITIES & OTHE?" CI{EDITS Proprietorship $ $ $ $ Capital Stock- Common 1,000 18,699 39,000 62,785 - Preferred Memberships &: Ivlemb. Equity Cert. Install. on Cap. Stk. & Memb. Cert. Premium & (Discount) on Cap. Stk. Capital Surplus 38,070 93,924 Capital Stock Expense - Debit Earned Surplus Reserved.,., Unappropriated Earned Surplus 6,061 65, ,964 Long Term Debt 39, ,224 58,959 Advances from Affiliated Companies Current and Accrued Liabilities 6,168 12,089 39,728 15,564 Deferred Credits and Other Reserves lz2: :2:28 2, Total Liabilities &: Other Credits $ 52,556 $ $ $ 214,2b0 Capital Ratios: Long Term Debt -% % % 23.42,% Advances from AffLiates Preferred Stock Common Stock and Surplus

95 I. 84 CLASS C TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET - DECEMBER, 1973 PINE TEL. UMPQUA TEL. TRANS-CASCADE ASSh"TS M'"D OTHER DEBITS SYSTEM CO., INC. TEL. CO. TOTAL Utility Plant in Service $ 274,397 $ 655,750 $ 228,170 $4,768,111 Utility Plant Under Const. 3,093 35,314 Property Held for Future Use Utility Plant Acquisit. Adj. 328 ~7:22) ~ Sub Total 274, , ,437 4,822,28 Less: Depr. &.Amort. Reserve :8 122,929 8~ 2 : g6z122 Net Utility Plant 189, , ,125 3,1 5,566 Investment in Affiliated Co. Other Investments 11,000 Current Assets 19,598 72,206 5, ,510 Other Assets & Def. Debits 29, z616 Total Assets & Other Debits $ $ $ 148,257 $ LIABILITIES & OTHLi. Cf{EDITS Proprietorship $ $ $ $ 133,834 Capital Stock - Common 54,664 24,975 24, ,720 - Preferred 59,250 Memberships & Ivlemb. Equity Cert. 2,505 Install. on Cap. Stk. & Memb. Cert..;.. Premium & (Discount) on Cap. Stk. Capital Surplus 3, ,875 Capital Stock Expense - Debit Earned Surplus Reserved 115,693 Unappropriated Earned Surplus 66,314 67,358 9, ,005 Long Term Debt 46, ,535 98,019 1,606,201 Advances from Affiliated Companies Current and Accrued Liabilities 31,086 31,314 11, ,777 Deferred Credits and Other Reserves ~ 8,524 lzl Total Liabilities & Other Credits $ $ $ $2.112,152 Capital Ratios: Long Term Debt Advances from AffL iates Preferred Stock 1.85 Common Stock and Surplus

96 CLASS C TELEPHONE UTILITIES 85 TOTAL SYSTEM INCOME STATENENT ii.nd SURPLUS ANALYSIS YEAR ASOTIN EAGLE FOSSIL GERVAIS ll~come STATEMENT TEL. CO. TEL. CO. TEL. CO. TEL. CO. Operating Revenues $ 145,825 $ 28,200 $ 86,597 $ 99,797 Operating Expenses 71,979 20,063 55,465 42,694 Depreciation 24,110 5,935 10,941 14,519.Amortization Taxes 2z0~ ~~016 Total Operating Rev. Ded. l02z b zliz ~ Net Operating Income lio,68o 1,104 12,039 35,56 Other Income 760 4;24 2z02~ 2ziil Total Income 41,44o 1,558 15,07 39,339 ~lise. Deductions from Income ~~2 ' 26 Income Avail. for Fixed Chgs. li1,0 1 1,558 15,018 39,2 ~I 2 Interest on Long Term Debt 25,318 2,089 2,236 3,054 Other Fixed Charges Total Fixed Charges 22 2 ~18 2to ~b gzo~li Net Income 15,7li3 531) 12,7 2 3,1 8 Extraordinary Items - Net Net Income $ 15,743 $ (531) $ 12,782 $ 36,188 Ef-illNED SljRPLUS OR l'ro:j:-rietorship Balance, January 1 $ 20,526 $ 35,158 $ 71,990 $ 11,022 Net Income 15,743 (531) 12,782 36,188 Other Credits Dividends Other Debits 1z:227 1: z220 2_ Bala:.ce, December ;\1 $ $ $ $

97 CLASS C TELEPHONE UTILITIES 86 TOT.AL SYSTEJ:-1 INCm m STATfl.'.El\TT.Mil) SURPLUS ANALYSIS YEAR HAINES HALSEY TI~COME STA'l'fl.'IENT TEL. CO. TEL. CO. Operating Revenues $ 49,950 $ 133,028 Operating Expenses 25,467 59,720 Depreciation 9,239 _20,835 Arnortiza tion Taxes ~z21z Total Operating Rev. Ded. :2-1 22: Net Operating Income 11,727 34,199 Other Income 1I Total Income 11,727 34,216 ~lise. Deductions from Income Income Avail. for Fixed Chgs. 11,727 2,3 zet2 1 Interest on Long Term Debt 6,408 10,943 Other Fixed Charges Total Fixed Charges 6 1 4oS 101~4~ Net Income 5,319 17, 1 Extraordinary Items - Net... Net Income $ $ 17:!ii1E = EliliNED Su-ru>LUS OR l'rol- RIETORSHIP Balance, January 1 $ 20,628 $ 55,674 Net Income 5,319 17,418 Other Credits Dividends 450 Other Debits Bala::,ce, December 31 $ 25!247:.$ 72!642 HELIX TEL. CO. HOME TEL. co. $ 28,915 $ 102,689 11,550 51,960 7,973 21, : g :2:2 7, 01 16,456 7,601 16,456-7,601 16, , z22Z 7,417 12,159 $ :z:,41:z: $ 12,159 $ 113,673 $ 148,331 7,417 12, z53I $ 112,780 $ 160!420

98 CLASS C TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT.AND SURPLUS.ANALYSIS YEAR INCOME -8TA'TEMENT Operating Revenues Operating Expenses Depreciation.Amortiz~tion Taxes Total Operating Rev. Ded. Net Operating Income Other Income Total Income Misc. Deductions from Income Income Avail. for Fixed Chgs. Interest on Long Term Debt Other Fixed Charges Total Fixed Charges Net Income Extraordinary Items - Net Net Income EARNED SURPLUS OR PROPRIETORSHIP MEACHAM MONROE NEHALEM TEL. TEL. CO. TEL. CO. & TEL. CO. $ 9,979 $ 77,316 $ 133,329 4,893 46,762 76,518 1,504 9,959 17, :20 1~ 1 61~ 7 2 b41 b2z~~l ,338 11,9 5 25,625 2,338 11,945 25,625 2,338 11,945 25, ,775 9, ziZ2 2z2B4 2,190 9,170 16,041 - $ 2!120 $ 2sl:ZO $ l6 1 o4l PEOPLE'S TEL. CO. $ 124,656 50,550 24, :298 24zaal 29, 75 40~ 30,27 30,1 ~ 3,957 ~z22:z 2,223 $ Balance, January 1 $ 3,871 $ 56,614 $ 77,883 Net Income 2,190 9,170 16,041 Other Credits Dividends Other Debits Balance, December 31 $ $ $ $ 105,8e9 26,223 2,148 $ 122,264

99 88 CLASS C TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT.AND SURPLUS ANALYSIS YEAR PINE TEL. UMPQ.UA TEL. TRANS-CASCADE INCOME ST.A.TEMENT SYSTEM CO., INC. TEL. CO. Operating Revenues $ 71,704 $ 147,083 $ 36,953 Operating Expenses 39,971 65,719 17,540 Depreciation 12,215 26,435 8,268.Amortization Taxes Zz Total Operating Rev. Ded. 29z72S ll~z22~ 2'S 2 2b2 Net Operating Income 11,906 32,72 B,684 Other Income Total Income 11,90b 32,728 8,684 ~lise. Deductions from Income Income Avail. for Fixed Chgs. 11,B37 32,728 8,592 Interest on Long Term Debt 5,236 9,962 7,240 Other Fixed Charges Total Fixed Charges ~ 22b Z Net Income,601 22,766 1,352 Extraordinary Items - Net Net Income $ b 1 b0l $ $ EARNED S1JRPLUS OR l'rol RIETORSHIP Balance, January 1 $ 59,714 $ 44,592 $ 8,238 Net Income 6,601 22,766 1,352 Other Credits Dividends Other Debits Bala;:-,ce, December }1 $ $ $ 2.~20 TOTAL $1,276, ,B37 174, I~2 2@2z~ b 2 2, Q_ 290, ,269 93,431 92z42~ 190,83 $ 120s83B $ 833, , , $ ~~~625

100 CLASS C TELEPHONE UTILITIES RESULTS OF OPERATIONS AND SELECTED STATISTICS STATE OF OREGON - YEAR 1973 RESULTS OF OP&~TIONS OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollectibles Total Operating Revenues OPERATING R...,k'V:ENUE DEDUCTIONS ASOTIN EAGLE TEL. CO. TEL. CO. (l) $ 10,886 17, ,200 FOSSIL GERVAIS TEL. CO. TEL. CO. $ 28,804 $ 41,222 52,320 57,552 6,144 1, ,597 24I 99,797 Operating Expenses 20, o63 Depreciation 5,935.Amortization Taxes Total Operating Rev. De d Net Operating Income $ 1,104 Gross Plant In Service $ 101,002 55,465 42,694 10,941 14, z4z22b t20l $ 12,0:22 $ :2~,568 $ 260,758 $ 362,304 PRIMARY STATISTICS Miles of Aerial Wire 142 Miles of Cable Number of Central Offices 3 1 Total Company Telephones 283 Total Telephones in Service 283 Average Company Telephones 276 (l) Oregon data not available

101 90 CLASS C TELEPHONE UTILITIES RESULTS OF OPERATIONS AND SELECTED STATISTICS STATE OF OREGON - YEAR 1973 RESULTS OF OP~~TIONS OPERATING REVENUES Local Service Toll Service Mi. s cellaneous Uncollectibles Total Operating Revenues OPERATING Ru~ENUE DEDUCTIONS Operating Expenses Depreciation Amortization Taxes Total Operating Rev. Ded. N~t Operating Income Gross Plant In Service HAINES TEL. CO. HALSEY TEL. CO. $ 23,720 $ 50,474 26,236 80,326 3, :ZO 49, ,028 25,467 59,720 9,239 20,835 ~z2l:z :2\22: :Z $ 11,727 $ 34,199 $.246,968 $ 425,340 HELIX TEL. CO. HOME TEL. co. $ 9,534 $ 47,566 18,570 54,714 1,089 1,691 2:Z8 28, ,689 11,550 51,960 7,973 21,830 lz:z :2 86,23:2 $ 7,601 $ 16,456 $ 183;065 $ 405,468 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones e

102 CLASS C TELEPHONE UTILITIES RESULTS OF OPERATIONS AND SELECTED STATISTICS STATE OF OREGON - YEAR RESULTS OF OPEiffi.TIONS operating REVENUES Local Service Toll Service Miscellaneous Uncollectibles Total Operating Revenues OP.t:::RA.TING REVENUE DEDUCTIONS MEACHAM MONROE TEL. CO. TEL. 00. $ 3,096 $ 21,024 6,867 54,997 1,921 (16) 626 9,979 77,316 NEHALEM TEL. PEOPLE'S & TEL. CO. TEL, 00. $ 56,098 $ 56,291 73,915' 65,335 4,309 3, , ,656 Operating Expenses 4,893 46,762 Depreciation 1,504 9,959 Amortization Taxes 1, :20 Total Operating Rev. De d. 7,641 62a2Z1 Net Operating Income $ 2,238 $ 11,945 Gross Plant In Service $ 40,730 $188,612 76,518 50,550 17,567 24, ~ lozzzo :2~8 24zz 1 $ 25,625 $.29,875 $ 402,810 $415,920 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable 1 35 Number of Central Offices 1 1 Total CompanY Telephones Total Telephones in Service Average Company Telephones ,103 1,005 1,103 1,005 1,

103 92 CLASS.C TELEPHONE UTILITIES RESULTS OF OPERATIONS AND SELECTED STATISTICS STATE OF OREGON - YEAR 1973 RESULTS OF OP~~TIONS OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollectibles Total Operating Revenues PINE TEL. SYSTEM UMPQUA TEL. CO. 1 INC. $ 34,121 $ 33,322 37, , ,554 42~ ,70 147,083 TRANS-CASCADE TEL. CO. TOTAL $ 10,668 $ 495,846 24, ,237 1,359 32,021-2!082 36,953 1,276,021 OPERATING REVENUE DEDUCTIONS Operating Expenses Depreciation Amortization Taxes Total Operating Rev. De d. Net Operating Income Gross Plant In Service 39,971 65,719 12,215 26,435 I :z: , z222 $ 11,906 $ 32,728 $ 274,391 $ 655,750 17, ,851 "8, , , z1~2 993,5 6 $ 8,684 $ 282,475 $ 228,170 $4,768,112 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones , , , ,411

104 CLASS C TELEPHONE UTILITIES DERIVED STATISTICS STATE OF OREGON - YEAR DATA FER AVERAGE COMPANY TELEPHOI-."TE ASOTIN TEL. CO. EAGLE TEL. CO. FOSSIL TEL. CO. GERVAIS TEL. CO. Operating Revenues Local Service Toll Service Miscellaneous Uncollectibles Total Oper~ting Revenues (1) $ $ loq $ e Eeratin~ Revenue Deductions Operating Expenses Depreciation Amortization Taxes Total Revenue Deduction Net Operating Income ~ l:z $ 4.oo :2 $ $ 52.7.z Gross Plant Per Aver. Co. Tel. Ratio of Gross Plant to Oper. Rev. % of Depreciation to Gross Plant %of Oper. Exp. to Oper. Rev. % of Uncoll. to Oper. Revenue % of Taxes to Operating Revenue Times Fixed Charges Earned $ (1) Oregon data not available. $ $

105 94 CLASS C TELEPHONE UTILITIES DERIVED STATISTICS STATE OF OREGON - YEAR 1973 DATA PER AVERAGE COMPANY TELEPHOJ\'E HAINES TEL. CO. FJ\.LSEY TEL. CO. HELIX TEL. CO. HOME TEL. CO. Operating Revenues Local Service Toll Service Miscellaneous Uncollectibles Total Oper~ting Revenues $ $ $ $ Eeratins Revenue Deductions Operating Expenses Depreciation Amortization Taxes Total Revenue Deduction Net Operating.Incorne ~ * $ ~ 62 $ $ $ 2:Z.~2 Gross Plant Per Aver. Co. Tel. Ratio of Gross Plant to Oper. Rev. % of Depreciation to Gross Plant %of Oper. Exp. to Oper. Rev. % of Uncoll. to Oper. Revenue % of Taxes to Operating Revenue Times Fixed Charges Earned $ $ $ $

106 CLASS C TELEPHONE UTILITIES DERIVED STATISTICS STATE OF OREGON- YEAR DATA.PER AVERAGE COMPANY TELEPHOJ'..'E MEACHAM TEL. CO. MONROE TEL. CO. NEHALEM TEL. & TEL. CO. PEOPLE'S TEL. CO. Operating Revenues Local Service Toll Service Miscellaneous Uncollectibles Total Oper~ting Revenues $ $ ( 22) $ $ t4 125.b ~ Eeratin~ Revenue Deductions Operating Expenses Depreciation.Amortization Taxes Total Revenue Deduction Net Operating Income ~ 12.5g 24b.4 ll7.f $ 7:1.42 $ ~ $ $ :21.:25 Gross Plant Per. Aver. Co. Tel. Ratio of Gross Plant to Oper. Rev. % of Depreciation to Gross Plant % of Oper. Exp. to Oper. Rev. % of Uncoll. to Oper. Revenue % of Taxes to Operating Revenue Times Fixed Charges Earned $1, $ $ $

107 CLASS C TELEPHONE UTILITIES DERIVED STATISTICS STATE OF OREGON - YEAR 1973 DATA.PER AVERAGE COMPANY TELEPHOJ\"E PINE TEL. SYSTEM UMPQUA TEL. CO., INC. TRANS-CASCADE TEL. CO. AVERAGE Operating Revenues Local Service Toll Service Miscellaneous Uncollectibles Total Oper~ting Revenues $ $ $ $ O eratin~ Revenue Deductions Operating Expenses Depreciation.Amortization Taxes Total Revenue Deduction Net Operating Income ~ $ $ 6b.l ~7.12 1EE.12 $.5.1~ $ ~3.5E Gross Plant Per Aver. Co. Tel. Ratio of Gross Plant to Oper. Rev. % of Depreciation to Gross Plant % of Oper. Exp. to Oper. Rev. % of Uncoll. to Oper. Revenue % of Taxes to Operating Revenue Times Fixed Charges Earned $ $1, $2, $

108

109 97 FOREWORD Western Union Telegraph Company is the only telegraph utility operating in Oregon. However, telegraph service is available to all areas through the use of telephone utility facilities. Business related services such as teletypewriter exchange service are becoming a major portion of service Western Union provides. In ~~ch, 1971, Pacific Northwest Bell sold its teletypewriter equipment to viestern Union.

110 INDEX TO CO:MP.ANIES TELEGR~FH UTILITY: Total System Balance Sheet & Income Statement PAGE NUMBER 99 COMPANY: The Western Union Telegr 8 ph Company

111 BALANCE SHEET THE WESTERN UNION TEL:OORAPH COMPANY YEAR ASSETS & O'IHER DEBITS INCOME STATDm:NT Total Communication Plant Deprecia~on Reserve.Amort. Reserves-Conm. Plant Net Communication Plant Investments in Affiliates Investments & Funds Accounts Receivable - Affil. Current Assets Prepayments Deferred Charges Total Assets LIABILITIES & OTHER CREDITS Long 'l'erm Debt Advances from Affiliates Accounts Payable to Affil. Current Liabilities Other Reserves & Deferred Cr. Capital Stock Capital Surplus Earned Surplus Appropriated Unappropriated $ 1,414,860, ,411,608 23,062,35~ 1,039,386,99 288,969 8,568, , ,686,180 3,029,651 32,123,873 $ 1,26"3.616, ,752,818 67,949, ,246,333 11,432,703 65,080, ,402, ,702 Revenues: Transmission Revenues Non-Trans. Revenues Operat.ing Revenues Expenses: Maintenance Expenses Conducting Operations Administrative & General Depr. & Amortization Extraordinary Plant Losses Taxes - Operating Uncollectible Revenue Total Operating Revenue Ded. Net Uperating Revenue Other Communication Income Operating Income Other Income - Non Comm. Gross Ordinary Income Ded. from Ordinary Income Rent from Lease of Op. Plant Interest Other Deductions Total Deductions Net Ordinary Income Extraordinary Income - Net Cr. to Chges $ 98,029,292 ~56,696,611 54,725,903 53,235, ,249,355 49,990,166 79,313, ,634 20,871,772. 2,4~0,28~ 4oo,9 8,o~ 53,777,8 9 1,264 53,779,113 1,682,lg4 55,461,2 7 28,652 29,307,983 (3,545,022) ,61~ 29,719,65 16,400,614 Total Liabilites $ Net Income $ Ratio of Long Term Debt to Net Plant %of Capital Represented by: Long Term Debt Capital Stock & Surplus 33.68% % EARNED SURPLUS Unappropriated Earned Surp. Jan. 1, 1973 $157,386,262 Net Income 13,319,040 Other Credits Dividends Other Debits Unappropriated Earned Surp. December 31, ,952,600 $1}

112