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3 PUBLIC UTILITY COMMISSIONER OF OREGON LABOR & INDUSTRIES BUILDING SALEM, Telephone (503} 378- ROBERT W. STRAUB GOVERNOR CHARLES DAVIS Commissioner The Honorable Robert Straub Governor of Oregon State Capitol Salem, OR Dear Governor Straub: October 1, 1976 This is the calendar year 1975 report of the following investor owned utility companies and municipally owned electric utilities operating in Oregon: Joint 1 1 Electric 2 11 Gas 2 Telephone - 46 Telegraph - 1 Hater - 20 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 Hater Utilities Respectfully submitted, (i) '") L~~ CHARLES DAVIS Public Utility -~ I : '\.LL~ Commissioner ORS (1) The commissioner "shall represent the customers of any public utility, railroad, air carrier or motor carrier, and he shall make use of the jurisdiction and power of his office to protect such customers, and the public generally, from unjust and unreasonable exactions and practices and to obtain for them adequate service at foir and reasonable rates.''

4 TABLE OF CONTENTS JOINT UTILITIES: Foreword Index to Companies Financial Data ELECTRIC: Foreword Index to Companies 10 Year Summary - Selected Statistics - Privately Owned Utilities 10 Year Summary - California-Pacific Utilities Company 10 Year Summary - Idaho Power Company 10 Year Summary - Pacific Power & Light Company 10 Year Summary - Portland General Electric Company 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 PAGE NUMBER

5 TABLE OF CONTENTS GAS: PAGE NUMBER Foreword Index to Companies 10 Year Summary - Selected Statistics - Privately Owned Utilities 10 Year Summary - California-Pacific Utilities Company 10 Year Summary - Cascade Natural Gas Corporation 10 Year Summary - Northwest Natural Gas Company 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 STEAM HEAT: Foreword Index to Companies Financial and Statistical Data TELEGRAPH: Foreword Index to Companies Financial and Statistical Data so 51 52

6 TABLE OF CONTENTS TELEPHONE: WATER: Foreword Index to Companies Total System Balance Sheet - Summary Total System Income Statement - Summary Oregon Results of Operations and Selected Statistics - Chart - Gross Operating Revenues - State of Oregon Chart - Dollar Distribution of Gross Operating Revenues - State of Oregon Financial and Statistical Data by Individual Companies: Foreword Classes A & B Telephone Utilities Class C Telephone Utilities Index to Companies Chart - Dollar Distribution of Revenues - Oregon Financial and Statistical Data by Companies: Class A Water Utilities Classes C & D Water Utilities Summary PAGE NUMBER 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 Governor.

7 Jl ~u II ~ lf

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 and through a subsidiary, telephone service in Oregon.

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

10 JOINT UTI Ll Tl ES TOTAL SYSTEM BALANCE SHEET YEAR w ASSETS AND OTHER DEBITS CALIFORNIA-PACIFIC UTI LJ Tl ES CO! PACIFIC POWER & LJ G HT COMPANY TOTAL Utility Plant Less: Depr. & Amort. Reserves Net Utility Plant Other Property and Investments Current & Accrued Assets Deferred Debits Total Assets & Other Debits $ $ 120,341,657 26,019,533 94,322,124 1,269,879 8,699,551 2,119! ,410,816 $ $ 1,807,881, ,855,779 1,579,025,925 63,519,210 60,133, !7 33l ::132,084 $ $ 1,928,223,:: !875!312 1,673,348,049 64,789,089 68,833,171 32,802,591 1,839, 772,900 LIABILITIES AND OTHER CREDITS Propr i et ary Capital Capital Stock - Common - Preferred Premium {&Discount) on Cap. Stk. Other Paid-In Surplus Install. Received on Cap. Stk. Capital Stock Expense Earned Surplus w 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 Credits $ $ 6,911,080 12,359,380 10,817,811 { 708,9::13) 14,430,958 43,810,293 39,918,700 19,034,699 1,982,920 6,600 57,305 1,600, ,410,816 $ $ 96,870, $ > OQQ 327,131,877 16,962 {14,758,::133) 151,650, ,147, ,006, ,253,132 8,604,286 1,649,595 43,701,662 1,733,::132,084 $ $ 103,781, , ,949,688 16,962 (15,467,299) 166,081, ,957, ,924, ,287,831 10,587,206 1,656,195 57,305 45z301z961 1,839, 772,900 %of Capitalization Rep. by: Proprietary Capital Long Term Debt 52.32% % % {Red Figures)

11 4 JOt NT Ufl Ll Tl ES SUMMARY OF UfiLITY PLANT- TOTAL SYSTEM DECEMBER 31, 1975 CALIFORNIA- PACIFIC UfiLITIES CO. ELECTRIC GAS WATER STEAM HEAT TELEPHONE COMMON TOTAL Plant in Service $ 51,722,131 $ 33,020,907 $ 3,175,147 $ $ 28,084,409 $ 1,090,875 $ 117,093,469 Plant Held for Future Use Construction Work in Progress 1,986,344 Acquisition Adjustment 62,878 31,568 1,167,2' ,248,188 Total Utility Plant $ 53,708,475 $ 33,083,785 $ 3,206,715 $ $ 29,251,646 $ $ 120,341,657 Accum. Reserve for Depreciation ,576 Net Utility Plant $ 40,595,899 $ 6, ,495 26,611,384 $ 2, $ ,710 26, $ 24,030,295 $ 789,326 $ 94,322,124 PACIFIC POWER & LIGHT CO. Plant in Service $ 1 #484, 0'57,608 $ Plant Held for Future Use Construction Work in Progress Acquisition Adjustment 3,524,679 $ '579 $ 21844, $ $ $ 1,509,041,544 5,888, ,427,020 3,524,679 Total Utility Plant 11782,469,334 Accum. Reserve for Depreciation ,816 22, ,855, ,199,091 1, , ,855,779 Net Uti 1 ity Plant $ l $ $ 18l $ 1,656,221 $ $ $ ~2925

12 JOINT UTILITIES 5 TOTAL SYSTEM INCOME STATEMENT DECEMBER 31 I 1975 CALIFORNIA-PACIFIC PACIFIC POWER income STATEMENT UTI Ll Tl ES CO. & LJ GHT COMPANY TOTAL Operating Revenues $ 49,5 '37,185 $ 272,658,540 $ 322,195,725 Operating Expenses 36,762, ,155, ,917,794 Depreciation & Amortization 3,440,023 30,602,226 34,042,249 Taxes 3,090,845 20,186,486 23,277,331 Total Operating Expenses 43,293, ,944, '37.:37:1 Net Operating Income 6,244, ,265 93,958,351 bt her I ncome 354,223 42,288,083 42,642,306 Total Income 6,598, ,002, ,600,657 Misc. Deductions from Income 63, z z761 Income Avail. for Fixed Chgs. 6,535, ,791, ,326,896 Interest on Long Term Debt 2,561,440 48,344,832 50,906,272 Other Fixed Charges 715z533 9z002z874 9,718,407 Total Fixed Charges 3z276z973 57z347z706 60!624!679 Net Income $ 3,258,082 $ 72,444,135 $ 75,702,217 EARNED SURPLUS Balance, January 1 $ 14,133,042 $ 120,158,316 $ 134,291,358 Net Income 3,258,082 61,334,730 64, Other Credits Dividends 2,960,166 55,980,566 58,940,732 Other Debits Balance, December 31 $ 14,430,958 $ 125,512,480 $ 139,943,438

13 6 JOINT UTI Ll Tl ES INCOME SUMMARY. TOTAL SYSTEM YEAR :.;. CALIFORNIA-PACIFIC UTILITIES CO. ELECTRIC GAS WATER STEAM HEAT TELEPHONE TOTAL Operating Revenues $ 21,700,472 $ 19,033,450 $ 440,823 $ $ 8,359,440 $ 49,537,185 Operating & Maint. Expense 16,894,295 15,213, ,784 4,399, ,231 Depreciation Expense 1, 267, ,572 68,355 1,208,040 3,440,023 Taxes 1, 291,411 1, , ,832 3,090,845 Total Utility Operating Expenses 19,452,762 17,188, ,040 6, 260,278 43,293,099 Net Utility Operating Income $ 2, $ 1,848,431 $ 48,783 $ $ 2,099,162 $ 6, 244,086 PACIFIC POWER & LIGHT CO. Operating Revenues $ 267, $ $ 2, $ 2, 774,532 $ $ 272,658,540 Operating & Maint. Expense 129,038,755 1 '739,108 3,377, ,155,563 Depreciation Expenses 30,051' , ,210 30,602,226 Taxes 20,465,120 {70,893) { 207 '741) 20,186,486 Total Utility Operating Expenses 179, ,103,900 3, 285' ,944,275 Net Uti 1 i ty Operating Income $ 88,031,033 $ $ 193,869 $ {510,637) $ $ 87,714,265 {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 ,858 8, ,349 7, ,588 7,981 Electric customers in the State of Oregon at December 31, 1975, 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 78% NOTE: Municipally Owned Utilities, Cooperatives and PUD's are not subject to regulat9ry jurisdiction of the Public Utility Commissioner, except for safety and area allocation. Operating data on Municipally Owned Utilities is provided for informational purposes only.

16 8 INDEX TO COMPANIES PRIVATELY 0\rJNED 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: California-Pacific - Oregon Operations Idaho Power Company PAGE NUMBER Pacific Power & Light - Oregon Operations Portland General Electric MUNICIPALLY OWNED ELECTRIC UTILITIES: Operating Revenues, Expenses and Income Sources and Disposition of Electric Energy - Sales Statistics (M K1>JH) SYSTEMS: 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 TEN YEAR SUMMARY- SELECTED STATISTICS PRIVATELY OWNED ELECTRIC UTILITIES IN OREGON TOTAL REV. FROM SALES OF ELEC. ENERGY TOTAL KWH SOLD (M KWH) AVERAGE NO. CUSTOMERS AVERAGE NO. RES. GUST. AVE. REV. PER KWH AVE. RES. REV. PER KWH RESIDENTIAL AVE. PER CUSTOMER REVENUE 1966 $ $ , , , ,502 23,279, , , , ,570 24, 'E'J, ,858

18 10 TEN YEAR SUMMARY CALIFORNIA-PACIFIC UTILITIES COMPANY- OREGON ELECTRIC TOTAL REV, FROM SALES OF ELEC, ENERGY TOTAL KWH SOLD (M KWH) AVERAGE NO. CUSTOMERS AVERAGE NO. RES. GUST, AVE. REV. PER KWH AVE. RES. REV. PER KWH RESIDENTIAL AVE. PER CUSTOMER REVENUE 1966 $ 3,929, ,069 16,949 14, $ , ,073, ,491 17,158 14, , ,311, ,042 17,411 14, , ,466, ,378 17,651 14, , ,644, ,023 17,663 14, , ,064, ,726 18,294 15, "7 9, ,126, ,173 18,916 16, , ,419, ,268 19,561 16, , ,203, ,686 20,124 16, , ,693, ,428 20,544 17,

19 11 TEN YEAR SIJ\1MARY IDAHO POWER COMPANY- OREGON ELECTRIC TOTAL REV. FROM SALES OF ELEC. ENERGY TOTAL KWH SOLD (M KWH) AVERAGE NO. CUSTOMERS AVERAGE NO. RES. GUST. AVE. REV. AVE. RES. REV. RESIDENTIAL AVE. PER CUSTOMER PER. KWH PER KWH REVENUE 1966 $ 5,494, ,361 10,724 8, $ , ,741, ,084 10,889 8, , ,711, ,092 10,876 8, , ,022, ,463 10,906 8, , ,457,488 1' 259, , ,161 1,166,942 11,396 8, , , , ,831, , , ' ,667, ,475 12,390 9, , ,029,919 1,024,035 12, , ;:

20 12 TEN YEAR SUMMARY PACIFIC POWER & LIGHT COMPANY~ OREGON ELECTRIC TOTAL REV. FROM SALES OF ELEC. ENERGY TOTAL KWH SOLD (M KWH) AVERAGE NO. CUSTOMERS AVERAGE NO. RES. GUST. AVE. REV. PER KWH AVE. RES. REV PER KWH RESIDENTIAL AVE. PER CUSTOMER REVENUE 1966 $ 74,859,710 6,644, , , $ , ,959,240 6,971, , , : ,239,207 7,597, , , , ,563,689 7,754, , , : , ,203,434 8,577, , , , ,447,053 9,392, , , , ,883,527 10,434, , , , ,333,090 11,219, , , , ,665,025 10,281, , , , ,725,640 11,230, , , ,717

21 TEN YEAR SUMMARY PORTLAND GENERAL ELECTRIC COMPANY 13 TOTAL REV. FROM SALES OF ELEC. ENERGY TOTAL KWH SOLD (M KWH) AVERAGE NO. CUSTOMERS AVERAGE NO. RES. GUST. AVE. REV. AVE. RES. REV. RES I DENT! AL AVE. PER CUSTOMER PER KWH PER KWH REVENUE 1966 $ 64,? 2,273 6,375, , , $ ,7L ,475,824 7,034, ,460 L69, , ,834,451 8,430, , , , ,537,909 9,564,045 3L6, , , ,290,671 9, 704, , , ,4L ,918,572 10,961, , , , ,442,578 12,167,332? 3, , , ,832,756 11,560, , 72!5 331, , ,001,157 11,402, , , , ,730,899 11,483, ,92!5 352, ,139

22 14 CITY OF MCMINNVILLE CITY OF EUGENE PORTLAND GENERAL ELECTRIC PACIFIC POWER & L I G HT Average Annual Charge Per KWH cents ::::: : f::::::l... :::::::::::1 32: 1; l;;f;;~;;; :::::::::::::::::::1 77 ; ~ ~; ~; ~ ~ ~ ~; ~ ~;;;;; ;: ::; ::::::... ::::::::::::::::::'1""7''7"i!...,. ~; ~ ~~ ~; ;~ ~; E ;; E E; E E::: ;: :::: ~ E... CITY OF ASHLAND mmmllllllll~t~~;~~i~ IDAHO POWER CO, ::::::::::::::::1 64: ;;;;;;;;;;;;;;;;~::;:::::: ;: 2 3 Average Annual Consumption Per Customer KWH I I I 1 21,872"... CAL PAC UTILITIES CO. :::::::::::::::::::::::2 02:: 1=10,821: ~::: ::::::11 I I TOTAL... OREGON PRIVATE mmmmmm 1. UTI LIT I E S :::::::::::::::::::::::::::::: n H -13,858: I I ::::::::::::::::::::::::::::::::::::::::::::::::::::::... :::::::::::::::::::::::::::::::::::::::::::::::::::::: TOTAL UNITED STATES*... 1lmlliii1i l1i111111l l=3~=~;i;li =a, 176 ' ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;... ~n~mil11i1l1l1i1il1i1i111i1m11lllll11il11i111l1l1 *Data from Edison Institute Stat1st1cal Report, 1975 I I I ==14, ,717-1 ~12,051 I ==13,392: I I 18,989: ELECTRIC RESIDENTIAL AVERAGES IN OREGON 0 Average Annual Revenue Per KWH dollars I I v/////;;;;;;;;;//// ~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~ ~ ~ ~ ~~ I ///////////,1'/ /////////////////////// ~~~~~~~~j~~~~~~: /////////////////////// ///////~~~///////////// I //////////////,1'//////// ~~////////////////////// ~~~~~~~~~~~~~~ ~~ ~/////////////////////// l ////////////////////// ~~~~~~~~~~~~~ ~ /////////////,,,,,,,,,; /////////////////////~ I ////////////////// ////////////////// ~~~~~~~~~ ~ ////////////////// ~///// /////// I //////////////////// ///////////~~~~"'~''/ ~~~~~~~~~~~ ~ //////////////////// "''///// I //,1'////////,1'//////// //,1'///////////////// /~~~~~~~~~~ ~~ ~~~~~~~~~~~~~~~~///// I /////////////////////// ~~///////////////////// /~~~~~~~~j~~~~ j /////////////////////// ////////////,1'////////// I :~~~~~/////////////////~/ ///////////////////////~~ ~~~jj~j~~~~~~j~~~j~~j~~j~ ///////////////////////// ~~~~j~~~~j~jj~j////////~~ ///////////////262.26// ///////////////////////// ///////////////////////// ///////////////////////// ///////////////////////// ///////////////////////// ///////////////////////// 300

23 $ MILLIONS $ 400 $ MILLIONS $ LfOO % ~32% X.,,,,,,,, "''' ',,,,,,,,, '',,,,,,,,,,,,,,,,,,,,,,,,,,, ',,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,'.,,,, '' ''\.'''' '10%: '' ~ ,,,,,,,,,,,,,,,,, ' 150 ''' ''''''''.:::::::::::::: '~~~~~ ~~~~~~~~.:: gg~g~~~~g~g,,,,,,,,, ''''''',,,,,,,, '' '' '' ''....::::: ::::::::::::::::. '' ''''' '' '' '' ''.::::::::: :::::::::::::::: '''.:::::::::::: :::::::::::::::: ''''' '' '''.::::::::::::::: :::::::::::::::: '''' '.: :::::::::::::::: :::::::::::::::: '''''.:::: :::::::::::::::: ::::::::::::::::,,,,.... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ iiiliiiilllllilllillllii~~:llloo iiiiiiiiii!!!!!!!!!!!!!!!!!!iii! :::::::::::::::::... ::::::::::::::: :::::::::::::::: :::::::::::::::: :::::::::::::::: :::::::::::::::: ::::::::::::::::. 1!'43%.mm1 mmmmm HHmmmm 1mmmmm 1mmmmm mmmmm1 mmmmm1 ::::::::::::::::: ::::::::::::::: :::::::::::::::: :::::::::::::::: :::::::::::::::: :::::::::::::::: :::::::::::::::: HHH~HHHHH HH~HHHHH HHHHHHHH HHHHHHHH HHHHHHHH HHHHHHHH HHHHHHHH ::::::::::::::::: ::::::::::::::: :::::::::::::::: :::::::::::::::: :::::::::::::::: :::::::::::::::: :::::::::::::::: Hmmmmm mmmmm mmmmm11mmmmm 11mmmmr 1mmmmm m11m1m1111 '68 '69 '70 '71 '72 '73 '7[{ '75 NET UTILITY OPERATING REVENUE '''',,,,,,,,,.. TAXES ~~~~~: ~~~~~~DEPRECIATION OPERATING EXPENSE ~11 11 DOLLAR DISTRIBUTION OF GROSS OPERATING REVENUE PRIVATELY OWNED ELECTRIC COMPANIES IN OREGON 50 0 I-' ljl

24 16 ENERGY GENERATED, IMPORTED AND SOLD BY PRIVATELY OWNED ELECTRIC UTILITIES IN OREGON YEAR (IN M KWH) CALl F PAC I Fl C IDAHO POWER PACIFIC POWER PORTLAND GEN. UTI Ll Tl ES CO. COMPANY & LIGHT CO. ELECTRIC CO. Hydroelectric Generation Net Output 4,255 4,028,588 2,074,668 2,592, 738 8,800,249 Other Generation Net Output (3,489) 170, ,578 Net Interchange Energy Received from Other States Import and Purchases to Oregon 442, ,868 33,840 7,261,748 2,816,696 (72,144) 9,685, ,564 7,261,748 12,944,248 Export from Oregon 3,387, ,387,433 Total Net 446,'516 1,119,267 12,183, ,954 Used by Utility 644 ( 1 J 20,558 19,728 40,930 Trans. State Un,accounted For 43,304 95, , ,719 2,043,249 Sales for Resale 676,090 1,752, ,753 2,957,843 Sales to Ultimate Consumers 402, ,945 9,478,667 10,953,892 21,182,932 (1) Included in Unaccounted For. (Red Figures J

25 TOTAL ENERGY GENERATED, IMPORTED AND SOLD 17 BY PRIVATELY OWNED ELECTRIC UTILITIES IN OREGON (IN M KWH) PURCHASES HYDRO- FROM NON- TOTAL OREGON ELECTRIC OTHER UTILITIES GENERATION NET TOTAL GENERATION GENERATION NET INTER- PURCHASES & IMPORT OR TOTAL NET USED BY UNACCOUNTED OREGON YEAR NET OUTPUT NET OUTPUT CHANGES INTERCHANGES EXPORTS () OREGON UTI LilY FOR SALES ,484,330 (7,348) ( 381,921) 5,095,061 8,610,043 13,705,104 28,403 1,465,485 12,211, ,971,318 16,016 52,958 5,040,292 9,752,054 14,792,346 28,913 1, 294,900 13,468, ,337,091 (4,843) (570,199) 4, 762,049 10,499,935 15,261,984 31,286 1,506,761 13,723, ,611,599 ( 2,118) 67,991 6,677,472 12,142,297 18,819,767 32,503 1,658,995 17,128, ,778,565 ( 3,985) (468,644) 7,305,936 12,188,084 19,494,020 34,970 1,637,688 17,821, ,156,978 (4,136) 350,090 8,502,932 13,228,178 21,707,110 32,666 1,835,516 19,838, ,215,825 ( 4,447) 552,938 9,764,316 14,054,603 23,818,919 38,154 1,913,499 21, ,126,648 (4,587) 1,899,005 11,021,066 15,574,806 26,595,872 43,017 2,132,673 24,101, ,303, ,115 (309,675) 7,359,949 19,078,404 26,438,353 43,038 1,754,548 24,640, ,771, , ,237 9,808,933 15,577,335 25,386, ,231 1,983,659 23,279, ,800, , ,564 9,406,391 16,818,563 26,224,954 40,930 2,043,249 24,140,775 (Red Figures)

26 18 CLASS A PRIVATELY OWNED ELECTRIC UTILITIES TOTAL SYSTEM BALANCE SHEET DECEMBER 31 I 1975 ASSETS AND OTHER DEBITS Utility Plant Less: Depr. & Amort. Reserves Net Utility Plant Other Property & Investments Current & Accrued Assets Deferred Debits Total Assets & Other Debits CALl F.-PAC I Fl C IDAHO POWER PACIFIC POWER UTILITIES co. COMPANY & Ll GHT COMPANY ( 1) $ 817, (1) , 752,577 27, ,428,116 $ 740, PORT GENERAL TOTAL CLASS A ELECTRIC CO. ELEC. UTI L. $ 11014, $ 11831,881' , ,699, ' 181' ,63CI463 57,383, l707l766 20, $ 1,038,669,358 $ 1, , 124 LIABILITIES AND OTHER CREDITS Propr i et ary 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. $ ,000 '36,500,000 89,052,101 ( ) 99,154, ,510, ,844, ,253, ,872 41, $ 740, $ $ 58,125,000 99,875, ,000, ,500, , ,601 2,938,114 2,938,114 ( 2,504,153) (3,450,438) 97,901, ,056, ,937, ,448, , ,494,134 17,747, ' 319 7, $ 1,038, $ %of Capitalization Rep. by: Proprietary Capital Long Term Debt 43.72% % % ( 1) System Balance Sheet is reported in Joint Uti 1 it i es (Red Figures)

27 CLASS A PRIVATELY OWNED ELECTRIC UTILITIES 19 TOTAL SYSTEM INCOME STATEMENT YEAR CALIF.-PAC I Fl C IDAHO POWER PACIFIC POWER PORT GENERAL TOTAL CLASS A INCOME STATEMENT UTI Ll Tl ES co. COMPANY & Ll GHT COMPANY ELECTRIC CO. ELEC. UTIL. Operating Revenues ( 1) $ 121,323,751 ( 1) $ 179,942,332 $ 301,266,083 Operating Expenses 34, ,440, ,716,290 Depreciation & Amortization 15,381,694 9,234,605 24,616,299 Taxes 26,004,176 18,449,684 44,453,860 (Net) Gains, Losses from Disp. of Utl. Plant Total Operating Expenses 75,662, ,124, ,786,449 Net Operating Income 45,661,601 66,818, ,479,634 Other Income 2,186,334 22,907,690 25,094,024 Total Income 47,847,935 89,725, ,573,658 Misc. Deductions from Income 224, ,443 1,213,575 Income Avail. for Fixed Chgs. 47,623,803 88, ,360,083 Interest on Long Term Debt 20,894,706 28,519,746 49,414,452 Other Fixed Charges 6,090,200 14,213,501 20,303,701 Total Fixed Charges 26,984,906 42,733,247 69,718,153 Net Income $ 20,638,897 $ 46,003,033 $ 66,641,930 EARNED SLRPLUS Balance, January 1 $ 94,695,560 $ 84,626~693 $ , 25 3 Net Income 19,525,373 (2) 46,003,033 65,528,406 Other Credits Dividends 16,785,500 32,728,500 49,514,000 Other Debits Balance, December 31 $ 97,435,433 $ 97,901,226 $ 195,336,659 ( 1) System Income Statement is reported in Joint Utilities. ( 2) Does not include $1,113,524 of Equity in Earnings of Subsidiary Companies shown in other income.

28 20 CLASS A PRIVATELY OWNED ELECTRIC UTILITIES NET OPERATING REVENUES- OREGON AND SYSTEM YEAR OPERATING REVENUE CALIF.-PACIFIC UTIL. CO. OREGON SYSTEM IDAHO POWER COMPANY PACIFIC POWER & LIGHT CO. OREGON SYSTEM OREGON SYSTEM Residential Commercial Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Total Rev. from Utl. Con. $ 3,769,511 $ 10,172,292 2,5571 ',7 8,701,711 1,197 J 203 2, 202, , ,059 53, ,120 7,693,112 21,521,496 $ 2,145, 745 $ '51, 711,191 $ 72,065,445 $ 106,119,736 2,063, ,745,080 45,099,384 70,387, ,881 19,854,890 33,914,627 58,714,159 59, ,774 1,554,655 2,500, , ,049 67, ,199 5,011,465 98,185, ,803, ,086,108 Municipal 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 7,693,112 21, , ,976 7,729,713 21,700, ,395 1,469,067 2,133, ,905 3,088, 201 4,815,433 5,018,454 20,134,059 8, ,944,334 5,018,454 20,892,359 12, ,892,783 10,029, ,078, ,725, ,978,891 91,066 2,245,457 2,618,478 6,607,348 10, , ,344, , Production Transmission Distribution Customer Accounts Sales Administrative & General Total Electric Oper. Exp. 3,339,775 12,969,250 ' >,086 89, ,561 1, 340, , ,869 87, , ,621 1, ,003,672 16,894, ,522 13,089,137 47,724,295 78,040, ,049 1,534,657 5,161,774 8,427, ,846 7,514,036 7,599,484 12,074, ,896 2,247,148 4,730,147 7,607,516 60, ,879,498 3,040, ,294 8,922,040 11,917,035 19,847,487 3,002, ,276,280 79,012, ,038,755 OTHER DEDUCTIONS FROM REVENUES Depreciation & Amortization Taxes 539, ,042 1,267,056 1,291,411 Gains, Losses from Disp. of Util. Plant (Net) Total Revenue Deductions 6,234,826 19,452,764 1, ,694 18,988,314 30,051,331 2,323,818 26,004,176 15,1 ::i) ,465,120 6,801,403 75,662, ,1::0, ,555,206 Net Operating Revenues $ 1,494,887 $ 2, $ 3,319,582 $ 45,661,601 $ 55,207,339 $ 88,031,033

29 CLASS A PRIVATELY OWNED ELECTRIC UTILITIES NET OPERATING REVENUES- OREGON AND SYSTEM YEAR OPERATING REVENUE PORTLAND GENERAL ELECTRIC COMPANY OREGON TOTAL CLASS OREGON A ELECTRIC UTILITIES SYSTEM Residential Commercial Industrial Public St. & Highway lighting Other Public Authorities Interdepartmental Sales Other Sales Total Rev. from Ult. Con. $ 88,350,840 53,627,992 24,504,409 3,686, ,170,029 $ 166,331, ,348,633 60,358,120 5,416, ,317 67, ,677,851 $ 242, 354, ,461, ,275,772 7,405, , , ,963,568 Municipal 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 90,864 4,470,006 4,560, ,730,899 5,211, ,942,332 1,469,067 3,179,065 17,853,587 22,501, ,179,570 7,957, ,137,148 2,599, ,905 4,906,297 40,548,399 48,346, ,309,580 14,243, ,552,794 OPERATING EXPENSES Production Transmission Distribution Customer Accounts Sales Administrative & General Total Electric Oper. Expenses 51,994,529 5,395,654 9,158,533 6,488, ,312 12,155,374 85,440, ,331,121 10,734,563 17,909,424 11,733,085 2,274,778 25,475, ,458, ,093,423 15,448,036 30,087,368 17,170,141 4,379, ,470, ,649,342 OTHER DEDUCTIONS FROM REVENUES Depreciation & Amortization Taxes 9,234,605 18,449,684 30,237,236 36,601,776 Gains, losses from Displ. of Util. Plant (Net) Total Revenue Deductions , Net Operating Revenues $ ,033 $ 126,839,841 55,934, ,794,419 $ 202,758, 375

30 22 CLASS A PRIVATELY OWNED ELECTRIC UTILITIES SOURCES AND DISPOSITION OF ELECTRIC ENERGY- OREGON AND SYSTEM YEAR KWH IN THOUSANDS GENERATION (EXCLUDING STATION USE) CALIF.-PACIFIC UTIL. CO. OREGON SYSTEM IDAHO POWER COMPANY SYSTEM PACIFIC POWER & LIGHT OREGON SYSTEM Steam Hydro Combustion Turbines Internal Combustion Total REC 1 D FROM POWER POOL OR OTHER STATES, DIV. OR DISTRICT PURCHASED ENERGY INTERCHANGES IN (NET) Grand Total Available SALES TO ULTIMATE CONSUMERS Residential Commercial Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Other Sales Total Ultimate Consumers SALES FOR RESALE Municipal Distribution Systems Cooperative Distribution Syst.ems 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 Furnished Without Charge Used by the Company Total Not Reported as Sold Total Accounted For Balance Lost Grand Total Distribution of Energy 4,255 4, , ,589 99,529 2,039 3, , , ,404 1, ,058, , ,049 6,338 5, , , ,300 4,028,588 1,836, , ,028,588 10,968, , , , ,875 2, ,789,867 1,437 19, , , , ,387,189 4,411, ,506, ,646 2,871,116 2, , ,463,040 (3,489) 2,074, ,748 2, ,463 4,076,534 2,445,441 2,889,942 52,127 7,591 7, , ,611 1, ,000 11,230, , ,994 12,183,463 7, , ,119,861 8,113,954 ( ) 20, ,996 '5,224, , , , , , ,594 18,282, ,960 20, GENERATING CAPACITY (KW) Steam Hydroelectric Combustion Turbines Internal Combustion Total KW Generating Capacity (Red Figures) ,500 3,690 6, , ,017,116 1,290, , ,086 35, ,148, ,800 4,040,938

31 GENERATION (EXCLUDING STATION USE) Steam Hydro Combustion Turbines Internal Combustion Total REC 1 0 FROM POWER POOL OR OTHER STATES, DIV. OR DISTRICT PURCHASED ENERGY INTERCHANGES IN (NET) Grand Total Available SALES TO ULTIMATE CONSUMERS Residential Commercial Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Other Sales Total Ultimate Consumers SALES FOR RESALE Municipal Distribution Systems Cooperative Distribution Systems Other Public Authorities Other Elect r i c Uti 1 it i es Total Sales for Resale Total All Sales ENERGY NOT REPORTED AS SOLD Furnished to Other States, Div. or District Furnished Without Charge Used by the Company Total Not Reported as Sold Total Accounted For Balance Lost Grand Total Distribution of Energy GENERATING CAPACITY (KW) Steam Hydroelectric Combustion Turbines Internal Combustion Total KW Generating Capacity CLASS A PRIVATELY OWNED ELECTRIC UTILITIES SOURCES AND DISPOSITION OF ELECTRIC ENERGY- OREGON AND SYSTEM YEAR KWH IN THOUSANDS (Red Figures) PORTLAND GENERAL ELECTRIC COMPANY OREGON 155,882 2,692, 7'$ 14,185 2,862,805 9,685,431 (72,144) 12,476,092 4,982,112 3,169,092 2,699, ,362 10,953,892 30, , ,753 11,483,645 19,728 19,728 11,503, ,719 12,476, , , ,000 5,500 1,400,350 TOTAL CLASS A ELECTRIC UTILITIES OREGON SYSTEM 152,393 9,317,604 8,800,249 16,629,140 14,185 14,185 3,792 8,966,827 25,964,721 7,261,748 12,944,248 18,844, , ,612,387 45,076,774 9, 376,095 13,700,778 5,854,997 9,779,557 5,774,774 10,855, , ,107 11,069 26,488 7,032 13,470 21,182,932 34,584, , ,843 35, , ,021 2, 182,248 5,365,838 2,957,843 6,612,348 24,140,775 41,196,704 3, '$7, ,930 55,438 3,428,363 55,682 27,569,138 41' 252,386 2,043,249 3,824,388 29,612,387 45,076, ,000 4,283,461 1,444,823 2,696, , ,800 5,500 19,019 2,346,323 7,823,258 23

32 24 CLASS A PRIVATELY OWNED ELECTRIC UTILITIES SALES STATISTICS- OREGON AND SYSTEM YEAR CALIF.-PACIFIC UTIL. CO. IDAHO POWER COMPANY PACIFIC POWER & LIGHT COMPANY AVERAGE NUMBER OF CUSTOMERS OREGON SYSTEM OREGON SYSTEM OREGON SYSTEM Residential 17,262 39,053 9, , , ,302 Commercial 3,203 7,275 2,911 34,218 44,693 75,617 Industrial ,068 Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales 5 10 Other Sales Total Ultimate Consumers 20,544 46,545 12, , , ,779 Resale Customers Total Customers 20,544 46,545 12, , , ,795 AVERAGE REVENUE PER KWH SOLD Residential Commercial Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales --- Sales for Resale Total Sales ~ ~ RES I DENT! AL AVERAGE PER CUSTOMER Revenue $ $ $ $ $ $ KWH Sales 10,821 11,825 13,392 13,082 13,717 12,856

33 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 Total Ultimate Consumers Resale Customers Total Customers PORTLAND GENERAL ELECTRIC COMPANY Qlill.Q!i 352,355 45, , , ,925 TOTAL CLASS A ELECTRIC UTILITIES OREGON ~ 676,568 1,030, , ,198 1,111 3,291 1,695 2, ,534 1,198, B 775,549 1,198,773 AVERAGE REVENUE PER KWH SOLD Residential Commercial Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Sales for Resale Total Sales RESIDENTIAL AVERAGE PER CUSTOMER Revenue KWH Sales $ ,139 $ $ ,858 13,292

34 26 MUNICIPALLY OWNED UTILITIES IN OREGON OPERATING REVENUES, EXPENSES AND INCOME OPERATING REVENUES CITY OF Cl TY OF CI1Y OF ASHLAND BANDON CANBY' CI1Y OF CITY OF CITY OF CASCADE LOCKS DRAIN EUGENE Residential & Rural $ Commercial & Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales Total Revenue from Ultimate Con. Sales for Resale Total Rev. - Sales of Elec, Energy Miscellaneous Revenues Total Operating Revenues 1,047,901 $ 267,750 $ 324, , , ,693 22,718 2,087 16,300 16,637 37,59 3 4, ,718,3::6 473, ,252 1,718,3::6 473, , ,553 1, 752,::60 495, ,805 $ 100,226 $ 103,824 $ 11,592, ,240 1::6,327 8,448,976 2,976 2,421 64,799 8,223 2,064 92, , ,572 20,198, ! , ,572 20,634~264 21l ,028, , ,112 21,662,759 OPERATING EXPENSES Production Transmission Di stri but ion Customer Account Expense Sales Expense Administrative & General Expense Total Electric Operating Expenses OTHER DEDUCTIONS FROM REVENUES 690, , , ,897 80,679 61, ,832 5,793 6, ,554 35! ,031, , , , ,011 6,577, ,291 45,154 26,042 2,008,476 8,853 16, ,548 1,044 25,259 41,350 26,074 1,715, , ,359 11,573,283 Depreciation Expenses Uncollectible Accounts Taxes Total Deductions Net Operating Income $ 60,662 28, ,500 23l698 38,821 1,585, , , ,466 $ 31l258 $ 69,964 24,776 14,682 2,585,052 20,306 29!464 1! , ,505 15,682,390 $ 49l006 $ 25,607 $ 5!980! ::69

35 27 MUNICIPALLY OWNED UTILITIES IN OREGON OPERATING REVENUES, EXPENSES AND INCOME Cl TY OF Cl TY OF Cl TY OF Cl TY OF CITY OF TOTAL MUN. OPERATING REVENUES FOREST GROVE McMINNVILLE MILTON-FREEWATER MONMOUTH SPRINGFIELD UTI Ll Tl ES Residential & Rural $ 822,355 $ 1,003,010 $ 471,410 $ 334,284 $ 2,053,602 $ 18,120,808 Commercial & Industrial 397,375 1,102, ,064 1,025,740 12,545,,a;o Public St. & Highway Lighting 11,085 13, ,345 30, ,050 Other Public Authorities 34,133 31,432 29,358 84, ,218 InterdePartmental Sales 136,832 Other Sales 60z ~ z ,408 Total Revenue from Ultimate Con. 1, 234,948 2, 149, , ,885 3,633, ,784,376 Sales for Resale 4, ,073 Total Revenue Sales of Elec, Energy 1, 264,948 2, 149, , ,885 3,638,290 32,224,449 Miscellaneous Revenues 6,408 52z271 42z ,432 1, 274,579 Total Operating Revenues 1, 271,356 2,202, , ,670 3,679,722 33,499,028 OPERATING EXPENSES Production 536, , , ,692, ,737,179 Transmission 84 26, ,775 Distribution 102, ,856 92,624 56, ,568 3,281,842 Customer Account Expense 33,528 47,011 46,990 31, ,384 1' 359,008 Sales Expense 4, ,002 63,788 Administrative & General Expense 257! ~189 42z ,j56 2, 774,427 Total Electric Operating Expenses 934,091 1,497, , ,140 2,389,407 19,599,019 OTHER DEDUCTIONS FROM REVENUES Depreciation Expenses 94, ,144 65,487 33, ,464 3, 315,197 Uncollectible Accounts Taxes 60z ,601 39,516 41, ,457 2,680,676 Total Deductions 1,089,052 1,831, , ,892 2,812,328 25,594,892 Net Operating Income $ 182,304 $ 370,851 $ 98,139 $ 62,778 $ 867,394 $ 7,904,136

36 28 MUNICIPALLY OWNED UTILITIES IN OREGON SOURCES AND DISPOSITION OF ELECTRIC ENERGY (M KWH) GENERATED OLITPLIT OF OWN PLANTS CllY OF ASHLAND CllY OF BANDON CllY OF CANBf CllY OF CASCADE LOCKS CllY OF DRAIN CllY OF EUGENE Steam 16 Hydroelectric 460,744 Internal Combustion Total 460,760 PURCHASED ENERGY From Privately Owned Elec. Utilities From Other Sources (Non-Util.) From Mun. & Other Public Owned Total Purchases Interchanges In Grand Total Available 108, , ,694 47,082 47,082 47,082 64,336 64,336 64,336 29,685 29,685 29,685 23,532 23,532 23,532 1, 398,072 1' 3913,072 1,858,832 SALES TO ULTIMATE CONSUMERS Residential & Rural Commercial & Industrial Public St. & Highway Lighting Other Public Authorities Interdepartmental Sales Other Sales to Ultimate Consumers Total Sales to Ultimate Consumers 63,211 37,089 1,452 2, ,058 26,805 15, , ,314 37,259 17,778 1,795 56,832 8,987 17, ,432 10,005 12, , , ,511 8,640 10,645 1,779,882 SALES FOR RESALE Total All Sales 104,058 44,314 56,832 27,432 23,013 1, 779,882 ENERGY NOT REPORTED AS SOLD Used by Utility Supplied without Charge Interchanges - Out Total Not Reported as Sold Total Accounted For Balance Lost Grand Total Disposition of Energy 104,058 4, ;3, ,442 2,640 47,082 56,832 7,504 64, , , , ,779,882 78,950 1,858,832

37 MUNICIPALLY OWNED UTILITIES IN OREGON SOURCES AND DISPOSITION OF ELECTRIC ENERGY {M KWH) Cl TY OF Cl TY OF CITY OF CITY OF CITY OF TOTAL MUN. GENERATED OUTPUT OF OWN PLANTS FOREST GROVE McMINNVILLE MILTON-FREEWATER MONMOUTH SPRINGFIELD UIILITI ES Steam 16 Hydroelectric 460,744 Internal Combustion Total 460,760 PURCHASED ENERGY From Privately Owned Elec. Utilities 108,694 From Other Sources {Non-Util.) From Mun. & Other Public Owned 130, z , ,824 2,503,742 Total Purchases 130, ,058 97,551 55, ,824 2,612,4:: Interchanges In Grand Total Available 130, ,058 97,551 55, ,824 3,073,196 SALES TO ULTIMATE CONSUMERS Residential & Rural 84, ,531 52,185 37, ,054 1,485,815 Commercial & Industrial ::, ,130 30,193 3, ,410 1, 260,138 Public St. & Highway Lighting 1,519 1, ,043 18,539 Other Public Authorities 3,112 3,124 4,882 8,300 21,604 Interdepartmental Sales 13,560 Other Sales to Ultimate Consumers , ,413 :124.86:1 Total Sales to Ultimate Consumers 125, '37 92,078 52, ,220 2, 924,517 SALES FOR RESALE Total All Sales 125, '37 92,078 52, ,080 2,925,377 ENERGY NOT REPORTED AS SOLD Used by Utility 677 1,502 Supplied without Charge Interchanges - Out Total Not Reported as Sold Total Accounted For 125, ,914 92,078 52, ,080 2,926,879 Balance Lost ~3 3,073 25, ,3::17 Grand Total Disposition of Energy 130, , ' ,824 ::\,073,196

38 30 MUNICIPALLY OWNED UTILITIES IN OREGON SALES STATISTICS CllY OF CllY OF CllY OF CllY OF CllY OF CllY OF AVERAGE NUMBER OF CUSTOMERS ASHLAND BANDON CAN~ CASCADE LOCKS DRAIN EUGENE Residential & Rural 5,245 1,'?157 1, ,347 Commercial & Industrial ,396 Public St. & Highway Lighting Other Public Authorities 32 2 Interdepartmental Sales Other Sales 58 6 Total Customers 5,937 1,749 2,'? ,752 AVERAGE REVENUE PER KWH SOLD Resident i a1 & Rural Commercial & Industrial Public St. & Highway Lighting 1, Other Public Authorities Interdepartmental Sales Other Sales :3...Q5_ Total Sales 1.651! :: RES I DENT I AL AVERAGE PER CUSTOMER Revenue $ $ :1~5.87 $ $ $ $ KWH Sales 12;051 )9,608 18,961 19,000 20,931 18,989 PLANT STATISTICS Output Capacity (KW} Steam 25,000 Hydroelectric 111,500 Internal Combustion Total KW Generating Capacity '?15,500

39 MUNICIPALLY OWNED UTILITIES IN OREGON SALES STATISTICS 31 r CllY OF CllY OF CllY OF Clll' OF CllY OF TOTAL AVERAGE NUMBER OF CUSTOMERS FOREST GROVE McMINNVILLE MILTON-FREEWATER MONMOUTH SPRINGFIELD MUN I UTI Ll Tl ES I Residential & Rural 4,080 4,962 2,503 2,018 14,551 83,989 Commercial & Industrial 500 1, ,322 10,506 Public St, & Highway Lighting Other Public Authorities Interdepartmental Sales 43 Other Sales Total Customers 4,599 6,118 3,466 2,210 15,949 95,327 AVERAGE REVENUE PER KWH SOLD Residential & Rural,98.92,90,89 1, Commercial & Industrial ,91 1,00 1,00 Public St. Highway Lighting Other Public Authorities , ,95 Interdepartmental Sales 1.01 Other Sales ,85 & --- ~ Total Sales , RESIDENTIAL AVERAGE PER CUSTOMER --- = Revenue $ $ 202,14 $ $ 165,65 $ $ KWH Sales 20,645 21,872 20,849 18,564 12,168 17,691 PLANT STATISTICS Output Capacity (KW) Steam 25,000,00 Hydroelectric 111, Internal Combustion 1,000 1lOOO,OO Total KW Generating Capacity 1, ,00 ---

40 ~13 A\ Jf

41 32 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 868,526,272 therms in the state of Oregon during 1975, resulting in operating revenues of $156,701,820. 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 operating in Oregon. During 1975, Northwest's Oregon operating revenues comprised 83.56% of the total for the state, while their operating expenses, exclusive of depreciation, amortization and taxes, represented 82.81% of the total expenses.

42 33 INDEX TO COMPANIES PRIVATELY OWNED GAS UTILITIES: Total System Balance Sheet Total System Income Statement Financial Data and Production Statistics - Sales Statistics - Oregon Oregon PAGE NUMBER COMPANIES - CLASS A: California-Pacific Utilities Company Cascade Natural Gas Corporation Northwest Natural Gas Company

43 34 TEN YEAR SUMMARY. SELECTED STATISTICS PRIVATELY OWNED GAS UTILITIES IN OREGON TOTAL REVENUES THERMS OF GAS SOLD AVE. NO. CUSTOMERS AVE. NO. RES. CUSTOMERS TOTAL AVE. REV. PER THERM AVE. RES. RESIDENTIAL AVE. PER CUSTOMER REV. PER THERM REVENUE THERMS 1966 $ 47,120, ,845, , , $ , ,641, ,002, , , , ,322, ,728, , , , ,876, ,594, , , , ,095, ,019, , , , ,030, ,996, , , , ,002,751 1,002,656, , , :1.32 1, ,310,281 1,026,093, , , , ,794, ,054, , , , ,946, ,576, , , ,070

44 35 TEN YEAR SUMMARY CALIFORNIA-PACIFIC UTILITIES COMPANY- OREGON GAS TOTAL REVENUES THERMS OF GAS SOLD AVE, NO, CUSTOMERS AVE. No, RES. CUSTOMERS TOTAL f'\ve, REV. PER THERM AVE, RES, REV. PER THERM RESIDENTIAL AVE, PER CUSTOMER R EVEN UE.i!:J.ERMs $ 5,842, '704, 3'35 17,461 14, $ ,322,072 79,215' ,391 16, ,961,590 86,441,914 21,469 18, ,973,917 78,269,603 23,627 20' 03' , ,228,617 77,208,200 26;13'3 22, ,63 1, ,159,229 83,265,020 27,786 23,808 9, , ,841,467 98,002,594 30,039 25,842 1: , ,033,057 98,430,270 31,951 27, ;270,043 88, ,105 28, ,913,492 79,111,857 33,682 29,

45 36 TEN YEAR St1v1MARY CASCADE NATURAL GAS CORPORATION- OREGON GAS TOTAL REVENUES THERMS OF GAS SOLD AVE. NO. AVE. NO. TOTAL AVE. CUSTOMERS RES. CUSTOMERS REV. PER THERM AVE. RES. RESIDENTIAL AVE. PER CUSTOMER REV PER THERM REVENUE THERMS 1966 $ 3,920,871 59,533,147 9,583 7, $ , ,045,356 58,261,051 10,545 8, , ,961,590 86,441,914 11,866 9, , ,079,584 74,177,067 12,633 10, , ,113 74,790,893 13,553 11, , ,598,928 74,693,530 14,332 12, , ,447,418 75,847,520 14,332 12, , ,533,635 71,549,796 16,006 13, , ,886,740 64,134,568 16, , ,045,055 59,926,749 17,082 14; ,147

46 37 TEN YEAR SUMMARY NORTHWEST NATURAL GAS COMPANY - OREGON GAS TOTAL REVENUES THERMS OF GAS SOLD AVE. NO. AVE. NO. TOTAL AVE. CUSTOMERS RES. CUSTOMERS REV PER THERM AVE. RES. REV PER THERM RES! DENT! AL AVE. PER CUSTOMER REVENUE 1966 $ 33,108, ,532, , , $ , ,156, ,422, , , , ,220, ,642, , , , ,944, ,147, , , , ,782, ,020, , , , ,756, ,037, , , , ,277, ,806, , , , ,760, ,113, , , , ,698, ,116, , , , ,987, ,537, , , ,085

47 $ MILLIONS $ $ MILLIONS $ ~ 12% 11~ A<:. ~9%.,, ' ' ~~16% ~~.,, ',,'... '... '.::::... ''.:::::,,, ''' :::::: ''...,,,,...,,,,... : ::::::. :: ::::::,,,, ::: ::::::,,, ::... :,.,, :11mmmmm1 :: :::: :::::::::::n : ::::::::::::::::::: :::: :::::::::::::::::::: l m lllm im 1 ~~~i~ 4 a Hiii!m H!i iii iii mm m llllllllllllllllllllll: iiiiiiiii!iii lllllll!llii iii IIIII! lillllllllllllll 20 l!i~!! i Iii Ill!i!! Iii iii iiii!!!!!! iii i!!!!!!!!!!iii!iii 0 mmm 1 m m 1m m m mm m 1 m g HH mmmm '68 69 '70 '71 '72 73 '74 '75 OPERATING REVENUE ~~~~~~DEPRECIATION TAXES~~~~~,,,,,. ~~~' OPERATING EXPENSES :{iit::: - :::::::::; DOLLAR DISTRIBUTION OF GROSS OPERATING REVENUE GAS UTILITIES IN OREGON w 00

48 GAS UTILITIES IN OREGON w \.D THOUSANDS AVERAGE NUMBER OF CUSTOMERS --- THOUSANDS '69 '70 '71 '72 '73 '74 '75 0 $ MILLIONS $ GAS SALES REVENUES $ MILLIONS $ '59 '70 '71 '72 '73 '74 '75 0

49 $ MILLIONS $ 1200 $ MILLIONS $ '66 '67 '68 '69 '70 '71 '72 '73 '74 '75 n1nnllnln11n111 INTERRUPT I B LE ----FIR~1 THERMS OF GAS SOLD OREGON,j:::. 0

50 41 CLASS A GAS UTILITIES TOTAL SYSTEM BALANCE SHEET DECEMBER 31, 1975 ASSETS & OTHER DEBITS CAL! F.-PAC! F! C UTI LIT! ES co. CASCADE NATURAL GAS CORP. N.W. NATURAL GAS COMPANY TOTAL CLASS A GAS UTI L! T! ES Ut i 1 i t y Plant Less: Depr. & Amort. Reserve Net Utility Plant Other Property & Investments Current & Accrued Assets Deferred Debits Total Assets & Other Debits ( 1) $ 106,672,540 22,911,127 83,761,413 1,042,607 23,425,090 1,450,577 $ 109,679,687 $ 223,128,264 $ 329,800,804 31,675,054 54,586, ,453, ,214, ,297 1,377,904 33,753,455 57,178,545 7,465,843 8,916!420 $ 233,007,805 $ 342,687,492 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 Propr i et ary Capital Long Term Debt Current & Accrued Liabilities Deferred Credits Operating Reserves Contributions in Aid of Const. Accumulated Def. Income Taxes Total Liabilities & Other Cr. $ 1,938,544 11,334,514 13,733, ,571 (705,651) 8,009,777 34,764,428 58,647,000 13,054,735 1,280,524 1,933,000 $ 109,679,687 $ 21,288,306 $ 23,226,850 20,698,500 32,033,014 21,965,138 35,698, , , ( 305,777) ( 1,011,428) 27.,638' ,647,902 91,618, , 383, ,389, ,036,000 18;047,792 31,102,527 2,707,345 3,987, , ,845 1,020,100 2,953,100 $ 233,007,805 $ 342,687,492 %of Capitalization Rep. by: Propr i et ary Capital Long Term Debt 37.22% (1) System Balance Sheet is reported in Joint Utilities. (Red Figures) 43.42% 41.52%

51 CLASS A GAS UTILITIES TOTAL SYSTEM INCOME STATEMENT DECEMBER 31, INCOME STATEMENT CALl F.-PAC! Fl C UTI Ll Tl ES CO. CASCADE NATURAL GAS. CORP. N.W. NATURAL GAS COMPANY TOTAL CLASS A GAS UTILITIES Operating Revenues ( 1) $ 91,473,564 $ 144,932,338 $ 236,405' 902 Operating Expenses Depreciation & Amortization Taxes Total Operating Expenses Net Operating Income 72,245' 194 3,275,053 8,339,524 83,859,771 7,613, ,098,744 7,853,136 13,050, ,002,490 16,929, ,343,938 11,128,189 21, 390z ,862l261 24,543,641 Other Income Total Income 147,768 7,761, z605 17,305, ,067,014 Misc. Deductions from Income Income Avail. for Fixed Charges Interest on Long Term Debt Other Fixed Charges Total Fixed Charges Net Income (395,906) 8,157,467 3,958, ,306 4,074,688 $ 4,082, ,381 17,156,072 7,614, ,260 8,377,445 $ 8,778,627 ( 246~525) 25,313,539 11,572, ,566 12,452,133 $ 12,861,406 EARNED SURPLUS Balance, January 1 Net Income Other Credits $ 6' 263,414 4,056,831 (2) $ 24,895,836 8, 778,627 $ 31, ,835,458 Dividends Other Debits 2,548,577 6,036,338 Balance, December 31 $ 7,771,668 $ 27,638,125 $ 35,409,793 (1) System Income Statement is reported in Joint Utilities. (2) Does not include $25,948 of Equity in Earnings of Subsidiary Companies that is shown in other income.

52 43 CLASS A GAS lit ILl Tl ES FINANCIAL DATA AND PRODUCTION STATISTICS OREGON - YEAR 1975 CALl F.-PACI Fl C CASCADE NATURAL N.W. NATURAL TOTAL CLASS A OPERATING REVENUES litilities CO. GAS CORP. GAS COMPANY GAS UTI Ll Tl ES Revenues from Sale of Gas $ 14,897,540 $ 10,894,155 $ 130,944,551 $ 15617?Jj 1246 Misc. Revenues from Operations 15z l900 1,042,983 1l209l835 Total Operating Revenues 14,913,492 11,045, ,987,5::4 157,946,081 OPERATING EXPENSES Production Expenses 9,153,845 6,663,856 82,763,865 98,581,566 Distribution Expenses 1,188, ,819 5,585,233 7,328, 339 Customer Accounts 519, ,165 3,686,183 4,475,2<')3 Sales Expense 68,820 71, ,998?Xi1,864 Administrative & Gen. Expense 840, ,421 3,839,805 5,300,025 Total Operating Expenses 11,771,606 8,178,307 96,097, ,046,997 OTHER DEDUCTIONS FROM REVENUES Depreciation & Amortization 719, ,578 7,502, 724 8,858,502 Taxes 932z ,384 12,213,327 14,143,293 Total Revenue Deductions 13,423,388 9,812, ,813, ,048,792 Net Operating Income $ 1,490,104 $ 1, 232,786 $ 16,174,399 $ 18,897,289 PRODUCTION STATISTICS (THERMS) Gas Produced: LPG Mixed with Natural Gas 132, ,388 Gas Purchased: Natural Gas 83,910,801 54,485, ,260, , Total 84,043,189 54,485, ,260, ,789,618 Less Gas Unaccounted For - Used by Co. 4,931,332 (5,441,216) 13,722,940 13,213,056 Less Gas Sold in Other States Less L. N. G. into Storage Gas Sold 79,111,857 59,926, ,537, ,576,562 (Red Figures)

53 CLASS A GAS UTILITIES 44 SALES STATISTICS- OREGON YEAR CALIF.-PAC I Fl C CASCADE NATURAL N.W. NATURAL TOTAL CLASS A SALES REVENUE BY CLASSES OF SERVICE UTI Ll Tl ES CO. GAS CORP. GAS COMPANY GAS UTI Ll Tl ES Residential $ 6' 337' 335 $ 3, 751,867 $ 46' 252,466 $ 56,341,668 Commercial & Industrial - Firm 4, 922,226 5,080,400 49,716,534 59,719,160 - Interruptible 3,603,553 2,061,888 34,975,551 40,640,992 Total $ 14,863,114 $ 10,894' 155 $ 130,944,551 $ 156 '701,820 GAS SOLD (IN THERMS) Residential 27,349,013 16,416, ,868, ,634,547 Commercial & Industrial - Firm 23,434,841 28,747, ,323, ,506,099 - Interruptible 28,328,003 14,712, ' 345' ,385,626 Total 79,111,857 59,876, ,537, ,526;272 AVERAGE NUMBER OF CUSTOMERS Residential 29,107 14, , ,418 Commercial & Industrial - Firm 4,545 2,765 22,397 29,707 - Interruptible Total 33,682 17, , ,318 REVENUE PER THERM Residential Commercial & Industrial - Firm Interruptible Total REVENUE PER AVERAGE CUSTOMER Residential $ $ $ $ THERM CONSUMPTION PER AVERAGE CUSTOMER Residential , , ,069.67

54

55 ' 45 FOREWORD Pacific Power & Light Company furnishes steam heat in the west side of downtown Portland and is the only company offering this service in Oregon. During 1975, 1.61% of the company's total Oregon revenue was derived from steam heat service.

56 46 INDEX TO COMPANIES STEAJ:.f HEAT UTILITY: Total System Balance Sheet Total System Income Statement Oregon - Financial Data PAGE NUMBER COMPANIES - CLASS A: Pacific Power & Light Company

57 ASSETS AND OTHER DEBITS Utility Plant Less: Depr. & Amort. Reserve Net Ut i 1 i t y Plant Other Property & Investments Current & Accrued Assets Deferred Debits Total Assets & Other Debits CLASS A STEAM HEAT UTILITIES TOTAL SYSTEM BALANCE SHEET DECEMBER 31, 1975 PACIFIC POWER & Ll GHT COMPANY (1} SYSTEM STEAM HEAT $ 2,855,312 1,199,091 $ 1,656, LIABILITIES AND OTHER CREDITS Proprietary Capital Capital Stock - Common - Preferred Premium (& Discount) on Cap. Stk. Install. Rec 1 d on Cap. Stk. Earned Surplus Total Propr i et ary 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 By: Propr i et ary Capital Long Term Debt (1) System Balance Sheet is reported in Joint Utilities.

58 48 INCOME STATEMENT Operating Revenues Operating Expenses Depreciation & Amortization Taxes Total Operating Expenses Net Operating Income Other Income Total I ncome CLASS A STEAM HEAT UTILITIES TOTAL SYSTEM INCOME STATEMENT DECEMBER 31, 1975 PACIFIC POWER & Ll GHT COMPANY (1) SYSTEM - STEAM HEAT $ 2, 774,532 3,377 ' ,210 (207,741) 3, 285,169 (510,637) $ (510,637) 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. (Red Figures)

59 CLASS A STEAM HEAT UTILITIES FINANCIAL DATA- OREGON YEAR PAC! Fl C POWER & Ll GHT COMPANY UTILITY PLANT- STEAM HEAT $ 2,844,557 OPERATING REVENUES Sale of Steam Heat Other Steam Heat Revenues Total Operating Revenues $ 2,771,773 2,759 2, 774,532 OPERAT.I NG EXPENSES Production Expenses Transmission & Distribution Expenses Customers' Accounting & Collecting Administrative & General Expenses Total Operating Expenses 3,005, ,126 24, ,332 3, OTHER DEDUCTIONS FROM REVENUES Depreciation Taxes Total Oper. Revenue Deductions Net Operating Income $ ,305 3,694,215 (919,683) AVERAGE NUMBER OF CUSTOMERS STEAM HEAT SOLD (M. LBS.) ,799 (Red Figures)

60 lr I~ IL I~ ~ A\ IV lti

61 50 FOREHORD 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 the service Western Union provides. In March, 1971, Pacific Northwest Bell sold its teletypewriter equipment to Western Union.

62 51 INDEX TO COMPANIES TELEGRAPH UTILITY: Total System Balance Sheet & Income Statement PAGE Nill1BER 52 COMPANY: The Western Union Telegraph Company

63 THE WESTERN UNION TELEGRAPH COMPANY YEAR BALANCE S H E E T ASSETS & OTHER DEBITS INCOME STATEMENT Total Communication Plant Depreciation Reserve Amort. Reserves-Comm. Plant Net Communication Plant Investments in Affiliates Investments & Funds Accounts Receivable- Affil. Current Assets Prepayments Deferred Charges Total Assets LIABILITIES & OTHER CREDITS Long Term Debt Advances from Affiliates Accounts Payable to Affil. Current Liabilities Other Reserves & Deferred Cr. Capital Stock Capital Surplus Earned Surplus Appropriated Unappropriated $ 1,575,569, ,013,480 25,353,224 1,155 J 202, ,216 6,'?JJ7, , ,266,525 2,117,724 22,683,764 $ 419,734,834 15,288, ,359,443 7,669,492 62,500, ,725, ,528,783 Revenues: Transmission Revenues Non~ Trans. Revenues Operation Revenues Expenses: Maintenance Expenses Conducting Operations Administrative & General Depr. & Amortization Extraordinary Plant Losses Taxes- Operating Uncollectible Revenue Total Operating Rev. Ded. Net Operating Rev. 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 $ 102,220, ,538, ,759,614 55,063, ,282,713 51,377,250 92,758,198 20,503,9'?JJ 4,066, ,051,575 70,708,039 1,367 70,709,406 1 J 162,826 71,872,232 23, ,395,137 (9,515,106) 24,903,651 46,968,581 2,644,313 Total Liabilities $ 1,354,806,939 Net Income $ 49,612,894 Ratio of Long Term Debt to Net Plant % of Capital Represented by: Long Term Debt % EARNED SURPLUS Unappropriated Earned Surp. Jan. 1, 1975 $ 146,749,889 Net Income 48,582,894 Other Credits Capital Stock & Surplus (Red Figures) % Dividends Other Debits Unapproprjated Earned Surp. December 31, 1975 :38,804,000 $ 156,528,783

64 lr I~ IL I~ IV Ill f() ~ I~

65 53 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, 1975, the number of telephones in service in the state of Oregon totaled 1,573,345, an increase of 4.66% over the previous year. Operating revenues derived from telephone operations in the state of Oregon during the year 1975 amounted to $388,958,573 which represents an increase of 10.31% over the year Approximately 75% of the telephones in service in the state of Oregon are served by Pacific Northwest Bell Telephone Company, therefore, the statistical summaries and graphs are heavily weighted by the Bell Company's Oregon operations.

66 54 INDEX TO COMPANIES CLASS A & B TELEPHONE UTILITIES: Total System Balance Sheet Total System Income Statement & Surplus Analysis Oregon Results of Operations & Selected Statistics Oregon Derived Statistics PAGE NUMBER COMPANIES: Asotin Telephone Company Aurora Telephone Company Beaver Creek Cooperative Telephone Company Beaver State Telephone Company Blue Mountain Telephone, Inc. California-Pacific Utilities Company Canby Telephone Association Cascade Utilities, Inc. Clear Creek Mutual Telephone Company Colton Telephone Company Continental Telephone Company of the Northwest Creswell Telephone Company Depoe Bay Telephone Company Deschutes Telephone Company Eastern Oregon Telephone Company General Telephone Company of the Northwest, Inc. Halsey Telephone Company Idaho Telephone Company Knappa Telephone Company Malheur Home Telephone Company Molalla Telephone Company Monitor Telephone Company Mt. Angel Telephone Company Nehalem Telephone & Telegraph Company North State Telephone Company Northwestern Telephone Systems, Inc. Oregon Telephone Corporation Pacific Northwest Bell Telephone Company People's Telephone Company Pioneer Telephone Cooperative Redwoods Telephone Company Rose Valley Telephone Company Scio Telephone Company Stayton Cooperative Telephone Company Umpqua Telephone Company United Telephone Company of the Northwest

67 55 INDEX TO COMPANIES CLASS C TELEPHONE UTILITIES: Total System Balance Sheet Total System Income Statement & Surplus Analysis Oregon Results of Operat:.ions & Selected Statistics Oregon Derived Statistics PAGE NUMBER CO:MP ANIES : Eagle Telephone Company Fossil Telephone Company Gervais Telephone Company Haines Telephone Company Helix Telephone Company Home Telephone Company Meacham Telephone Company Monroe Telephone Company Pine Telephone System, Inc. Trans-Cascade Telephone Company

68 56 SUMMARY CLASSES A, B, & C TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET - DECEMBER 31,1975 ASSETS AND OTHER DEB! TS INC. (OR DEC.) OVER 1974 Utility Plant in Service Utility Plant Under Const. Property Held for Future Use Uti 1 ity Plant Acqui si.t. 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 $ 2,956,375,094 99,730,493 2,137,878 2,546,995 3,060, 790, ,556,717 2,469, 233,743 2,993,012 4,962, ,641,091 28,398,570 $ 2, $ 2,646, 292,745 96,368,523 2,334, ,693 2,745,144, ,126,312 2, 220,018,294 2,959,977 2,190, ,952,610 26,178,445 $ 2, ,564 $ 310,082,349 3,361,970 ( 196,767) 2,398, ,645,854 66,430, ,215,449 33,035 2, 772,563 18,688,481 2, 220,125 $ 272,929,653 LIABILITIES & OTHER CREDITS Proprietorship Capital Stock - Common - Preferred Memberships & Memb. Equity Cert. Install. on Cap. Stk. & Def. Debits Premium {& Discount) on Cap. Stk. Capital Surplus Capital Stock Expense.:. Debits 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 $ 132, ,102,124 3, 790, ,836 76,630,757 22,687,109 92,932 8,596, ,783,703 1,031' 387,415 34,145, ,208, , $ 2, $ 129, ,215,261 2,845, , ,917,819 8,733, ,105 8,576, ,239, ,340,099 6, 366, , ,404,898 $ 2,415,299,564 $ 3,065 (113,137) 945,100 63,664 (465) 712,938 13,953,340 ( 12,173) 19,835 58,543, ,047,316 27,779,000 {38,107,944) 65,070,901 $ 272,929,653 %of Capitalization Rep. by: long Term Debt Advances from Affi 1 i ates Preferred Stock Common Stock and Surplus % % % { 2. 75) {Red Figures)

69 57 SUMMARY CLASSES A, B & C TELEPHONE UTILITIES TOTAL SYSTEM - INCOME STATEMENT AND SURPLUS ANALYSIS INCOME STATEMENT 1975 ~ INC. (OR DEC.) OVER 1974 Operating Revenues $ ,511 $ 876,685,461 $ 110,532,050 Operating Expenses Depreciation Amortization Investment Credits - Net Taxes Total Operating Rev. Ded. Net Operating Income 456,780, ,838, ,914, ,247, , ,159,442 6,850, ,754, ,643, ,728, ,595, ,488, ,089,904 55,942,098 15,666, ,221 15,309,084 (1,888,697) 85,133,301 25,398,749 Other Income Total Income 9,478,206 7,419, ,966, ,509,384 2,058,726 Z1,457,475 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 925, , ,041, ,787,476 64,165,400 54,047,803 10,458,040 11z665z466 74,623,440 65,713, ,417, ,074, , ,685 $ 126,564,510 $ 108,428, ,908 Z?, 253,567 10,117,597 (1, 207,426) 8,910,171 18,343,395 ( ) $ 28,135,618 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 Net Income Other Credits $ $ 225,091, ,564, ,428,892 39,668 36,573 $ 41,164,309 18,135,618 3,095 Dividends Other Debits 80,863,562 79,823,833 79, ,357 1,039, 729 ( 283,636) Balance, December 31 $ 311, $ 253,369,447 $ 58,546,929 (Red Figures)

70 58 SUMMARY CLASSES A, B & C TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS~ OREGON YEAR OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues $ 172,123,464 $ 160,322, ,059, , 167,512 17,152,148 15,351,119 2,376,661 2z232z ,958, ,608,390 INC. (OR DEC.) OVER 1974 $ 11,800,827 22,892,110 1,801, z783 36,350,183 OPERATING REVENUE DEDUCTIONS Operating Expenses Depreciation Amortization Investment Credits- Net Taxes Total Operating Rev. Ded. Net Operating Income Gross Plant in Service 183,459, ,414,226 57,991,628 53,343,675 8,830 13,923 9,394,625 3,405,498 62,343,041 63,564, ,197, ,741,791 $ 75,761,026 $ 67,866!599 $ 1, 155,274,611 $ 1,056,067,851 19,045,197 4,647,953 (5,093) 5,989,127 (1,221,428) 28,455,756 $ 7z894z427 $ 99,206,760 PRIMARY STATISTICS Total Company Telephones Total Telephones in Service 1,569,279 1,499,205 1,573,345 1,503, ,074 69,975 (Red Figures)

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73 CLASSES A AND B TELEPHONE UTILITIES 61 TOTAL SYSTEM BALANCE SHEET DECEMBER 31, 1975 ASOTIN AURORA BEAVER CREEK BEAVER STATE ASSETS AND OTHER DEBITS TEL. CO. TEL. CO. COOP. TEL. CO. TEL. CO. Utility Plant in Service $ 647,261 $ 1:,813,570 $ 2,280,234 $ 4,950,980 Utility Plant Under Construe. 99,977 16,056 31,851 81,717 Property Held for Future Use Utility Plant Acqu i sit. Adj Sub Total 747,238 1,829,626 2#312,085 5,032,697 Less: Depr. & Amort. Reserve 251, , ,545 1,091,431 Net Ut i 1 i t y Plant 495,894 1,537,148 1,953,540 3,941,266 Investment in Affiliated Co. Other Investments 1,000 83,900 Current Assets 33, , , ,639 other Assets & Def. Debits 8l :1:16, Total Assets & Other Debits $ 539,267 $ 2,014,873 $ 2l465,406 $ 4,242,826 LIABILITIES & OTHER CREDITS Proprietorship $ $ $ $ Capital Stock ~ Common 29,000 11, ,000 ~ Preferred 59,250 20,000 Memberships & Memb. Equity Cert. 20,230 Install. on Cap. Stk. & Memb. Cert. Premium (& Discount) on Cap. Stk , ,135 Capital Surplus Capital Stock Expense~ Debit Earned Surplus Reserved Unappropriated Earned Surplus 62, , ,858 1,131,544 Long Term Debt 97,846 1,103,410 1,866,641 1,331, 750 Advances from Affiliated Companies Current and Accrued Liabilities 284,801 59,061 67, ,673 Deferred Credits and Other Reserves 5, , ,724 Total Liabilities & Other Credits $ 539,267 $ 2,014,873 $ 2,465,406 $ 4,242,826 % of Capitalization Repr. by: Long Term Debt % % 77.88% % Advances from Affiliates Preferred Stock Common Stock and Surplus

74 62 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET- DECEMBER 31,1975 ASSETS AND OTHER DEBITS BLUE MOUNT A I N TEL. CO. CAL.-PAC. UTIL. CO. CANBY TEL. ASSOCIATION CASCADE UTIL. INC. Utility Plant in Service Utility Plant Under Construe. Property Held for Future Use Utility Plant Acquisit. Adj. Sub Total Less: Depr. & Amort. Reserve Net Uti 1 i ty Plant Investment in Affiliated Co. Other Investments Current Assets Other Assets & Def. Debits Total Assets & Other Debits $ 1,409,898 ( 1) 9,904 1,419, , ,615 13, ,195 13,332 $ 989,392 $ 5,462,378 9,950 {5z897) 5,466,431 1,075,801 4, 390, , ,579 21,010 $ 5,054,564 $7,286, ,720 $ ,305,17'1 1,807,395 5,497,776 95, ,524 16,457 6,288,286 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 $ 19,000 4, , ,780 22,754 20z000 $ 989,392 $ 11, , ,430,270 3,150, ,145 33,967 $ 5,054,564 $ 10,720 32,833 1, 258,275 4,571, , ,290 $ 6, 288,286 %of Capitalization Repr. by: Long Term Debt Advances from Affiliates Preferred Stock Common Stock and Surplus 76.35% % 77.83% 2:!2.17 (1) Total System Balance Sheet is reported in Joint Utilities. (Red Figures)

75 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET - DECEMBER 31, CLEAR CREEK COLTON CONTINENTAL CRESWELL ASSETS AND OTHER DEBITS MUT. TEL. CO. TEL. CO. TEL. co. OF NW TEL. CO. Utility Plant in Service $ 2,411.,568 $ 654,488 $ 60,223,753 $ 1,053,508 Utility Plant Under Construe. 8,846 6,'573 1,792,331 Property Held for Future Use Utility Plant Acquisit. Adj. 29,875 Sub Total 2,420, ,861 62,045,959 1,053,508 Less: Depr. & Amort. Reserve 496, ,523 9,054, ,549 Net Utility Plant 1,923, ,338 52,991, ,959 Investment in Affiliated Co. Other Investments 60,942 42,183 29,540 Current Assets 254; ,800 3,517, ,013 Other Assets & Def. Debits 20z518 10, l534 Total Assets & Other Debits $ 2, 259,790 $ 665,882 $ 56,829,556 $ 821,506 LIABILITIES & OTHER CREDITS Proprietorship $ $ $ $ Capital Stock ~ Common 3, ,146 48,540 - Preferred 2,845,100 Memberships & Memb. Equity Cert. 3,453 Install. on Cap. Stk. & Memb. Cert. Premium {& Discount) on Cap. Stk. 4, 179, 2'57 Capital Surplus 1, ,766 6,330,701 Capital Stock Expense - Debit Earned Surplus Reserved 338,972 Unappropriated Earned Surplus 41,836 46,080 9,051, ,655 Long Term Debt 1,800, ,408 28,314, ,566 Advances from Affiliated Companies Current and Accrued Liabilities 61,201 24,175 3, 217,804 84,579 Deferred Credits and Other Reserves 11 '712 2,400,470 61,166 Total Liabilities & Other Credits. $ 2,259,790 $ 665,882 $ 56z829z556 $ 821z506 % of Capitalization Repr. by: Long Term Debt 82.35% 59.75% 55.28% 48.03% Advances from Affiliates Preferred Stock 5.56 Common Stock and Surplus

76 64 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET- DECEMBER 31, 1975 DEPOE BAY DESCHUTES EASTERN OREGON GENERAL ASSETS AND OTHER DEBITS TEL. CO. TEL. CO. TEL. CO. TEL. co. N.W. Utility Plant in Service $ 1,286,268 $ 1,235,737 $ 1, 398,762 $ 572, 786~499 Utility Plant Under Construe. 2, ,479 14,264,753 Property Held for Future Use 272,547 Utility Plant Acquisit. Adj. Sub Total 1,288,302 1, 236,525 1,402, ,799 Less: Depr. & Amort. Reserve 290, , , ,738,918 Net Utility Plant 998,232 1,046, , ,584,881 Investment in Affiliated Co. 2,329,400 Other Investments 71, ,978 Current Assets 371,770 63,251 83,741 28,874,874 Other Assets & Def. Debits {314) 6,008 27,203 4,273,521 Total Assets & Other Debits $ 1,369,688 $ 1,115,661 $ 1,012,036 $ 511,332,654 LIABILITIES & OTHER CREDITS Proprietorship $ $ $ $ Capital Stock - Common 38,700 80,000 28, ,000,000 Preferred 28,500 Memberships & Memb. Equity Cert. Install. on Cap. Stk. & Memb. Cert. Premium {& Discount) on Cap. Stk ,000 Capital Surplus Capital Stock Expense- Debit Earned Surplus Reserved Unappropriated Earned Surplus 391, , ,714 37,399,472 Long Term Debt 698, , , ' 312,000 Advances from Affiliated Companies Current and Accrued Liabilities 53, ,400 77,173 77,611,563 Deferred Credits and Other Reserves 89,753 46,041 24,221 41,009,619 Total Liabilities & Other Credits $ 1,369,688 $ 1,115,661 $ 1,012,036 $ 511,332,654 % of Capitalization Repr. by: Long Term Debt 56.98% 48.74% 35.34% 51.26% Advances from Affiliates Preferred Stock 3.13 Common Stock and Surplus {Red Figures)

77 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET- DECEMBER 31, ASSETS AND OTHER DEBITS HALSEY TEL. CO. IDAHO TEL. CO. KNAPP A TEL. CO. MALHEUR TEL. CO. Utility Plant in Service Utility Plant Under Construe. 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 $ 478,041 { 1,045) 476, , ,355 23,448 4,683 $ 384,486 $ 86,842,530 5,017, ,434,019 94,319,458 17,262,058 77,057,400 2,238,532 7,544, ,483 $ 87,426,537 $ 844,941 27,5;08 872, , ,360 27,677 3,323 $ 782,360 $ 7,119,282 72,270 7,191~552 1,678,104 5,513, ,281 23,282 $ 6,043,011 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 $ 48, , ,393 14,728 63,723 $ 384,486 $ 680,600 15,772,105 15,097,338 42,761,658 10,812,669 2,302,167 $ 87,426,537 $ 72,600 70,000 73, ,273 95,586 45,882 $ 782,360 $ 2, 713, , ,735 1, 245, , ,957 $ 6,043,011 %of Capitalization Repr. by: Long Term Debt Advances from Affiliates Preferred Stock Common Stock and Surplus 40.65% % % % (1) On December 31, 1975, Idaho Telephone Company merged with Continental Telephone Company of the West, so total system figures refer to Continental Telephone Company of the West. (Red Figures)

78 66 CLASSES A AND B TELEPHONE UTILITIES 10TAL SYSTEM BALANCE SHEET- DECEMBER 31, 1975 ASSETS AND OTHER DEBITS MOLALLA TEL. CO. MONITOR TEL. CO. MT. ANGEL TEL. CO. NEHALEM TEL. CO. Utility Plant in Service Utility Plant Under Construe. Property Held for Future Use Utility Plant Acquisit. Adj. Sub Total Less: Depr. & Amort. Reserve Net Uti 1 i t y Plant Investment in Affi 1 i ated- Co. Other Investments Current Assets Other Assets & Def. Debits Total Assets & Other Debits $ 2, 789,675 31,225 2,820, ,158,525 3, ,810 17,003 $ 2,430,338 $ 396,051 31, , ,819 71,377 4,285 $ 411,481 $ 814,896 14, , , ,092 1,206 91,828 7,179 $ 679,305 $ 503, , , ,140 56,816 9,798 $ :'Xi9,754 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 $ 21,9:'Xi 1,165,656 1,191,404 51,342 $ 2,430,338 $ ,219 $ 411,481 $ 11,967 67, , ,000 58,669 31,596 $ 679,305 $ 39, , ,866 27,2$ 7,044 $ :'Xi9, 754 %of Capitalization Repr. by: Long Term Debt Advances from Affiliates Preferred Stock Common Stock and Surplus % % :'Xi % % 54.13

79 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET ~ DECEMBER 31, NORTH STATE NORTHWESTERN OREGON PACIFIC N.W. ASSETS AND OTHER DEBITS TEL. CO. TEL. SYS. INC. TEL. CORP. BELL TEL. CO. Utility Plant in Service $ 326,481 $ 31,910,673 $ 1,692,049 $ 2,064,179,608 Uti 1 ity Plant Under Construe. 2,061 1,378,174 40,341 70,824,561 Property Held for Future Use 15,695 1, 766,297 Utility Plant Acqui sit. Adj. 12,702 45,150 10,339 Sub Total 341,244 33,333,997 1, 758,424 2,1?:6 '770,466 Less: Depr. & Amort. Reserve 103,031 5,489~ , ,777,747 Net Utility Plant 238,213 27,844,996 1,510,001 1,720,992,719 Investment in Affi 1 i ated Co. 2,100 Other Investments 20,000 61,894 1,545,619 Current Assets 115,307 3,388, ,?:63 127,410,654 Other Assets & Def. Debits ,752 10z308 21l715l996 Total Assets & Other Debits $ 354,191 $ 31,355,430 $ 1,845,666 $ 1,871,664,988 LIABILITIES & OTHER CREDITS Proprietorship $ $ $ $ Capital Stock Common 8,750 6,450,000 3, ,950,173 - Preferred 230,000 7,900 Memberships & Memb. Equity Cert. Install. on Cap. Stk. & Memb. Cert. Premium {& Discount) on Cap. Stk. 70,934,309 Capital Surplus 94,776 15,244 Capital Stock Expense - Debit Earned Surplus Reserved Unappropriated Earned Surplus 86,848 6,336, , ,058,994 Long Term Debt 237,192 12,901,608 1,506, ,106,348 Advances from Affiliated Companies 32,900,000 Current and Accrued Liabilities 19,156 3,262,997 71, ' 987' 982 Deferred Credits and Other Reserves 2,245 2,079, z727z182 Total Liabilities & Other Credits $ 354,191 $ 31,355z430 $ 1,845,666 $ 1z871z664,988 %of Capitalization Repr. by: Long Term Debt % % 86.93% % Advances from Affiliates 2.11 Preferred Stock Common Stock and Surplus

80 68 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET * DECEMBER 31, 1975 ASSETS AND OTHER DEBITS PEOPLES TEL. CO. PIONEER TEL. COOP. REDWOODS TEL. CO. Uti 1 i ty Plant i n Serv i ce Utility Plant Under Construe. Property Held for Future Use Utility Plant Acquisit. Adj. Sub Total Less: Depr. & Amort. Reserve Net Utility Plant Investment in Affi 1 i ated Co. Other Investments Current Assets Other Assets & Def. Debits Total Assets & Other Debits $ 506, , , ,900 10,127 52, $ 322,815 $ 6,763, ,591 7,688, 338 2,817,455 4,870,913 1, ,722 39,327 $ 5,'$7,002 $ 1,199, ,199, ,724 1,000, ,607 (20,850) $ 1,110,819 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 $ 62, ,917 50,247 12,268 11,805 $ 322,815 $ 22,950 2,031,661 3,109, ,901 1 $ 5,'$7,002 $ 19,400 26, , ,221 47,848 $ 1,110,819 %of Capitalization Repr. by: Long Term Debt Advances from Affiliates Preferred Stock Common Stock and Surplus % % % ( Red Figures )

81 tlasses A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET - DECEMBER 31, ROSE VALLEY SCIO STAYTON COOP ASSETS AND OTHER DEBITS TEL. CO. TEL. co. TEL. CO. ut i 1 i t y Plant in Service $ 2,015, 246 $ 451,159 $ 2,483,229 utility Plant Under Construe. 47,688 12,654 Property Held for Future Use Utility Plant Acquisit. Adj Sub Total 2,062, ,159 2,495,883 Less: Depr. & Amort. Reserve 277, ,604 ~,686 Net Utility Plant 1,785, ,555 1,832,197 Investment in Affiliated Co. Other Investments 12,950 Current Assets 156, , ,171 Other Assets & Def. Debits 1,649 4,300 4,213 Total Assets & Other Debits $ 1, 943,399 $ 592,041 $ 2,273,531 LIABILITIES & OTHER CREDITS Proprietorship $ $ $ Capital Stock - Common 146,150 - Preferred Memberships & Memb. Equity Cert. 9,030 13,950 Install. on Cap. Stk. & Memb. Cert. Premium (& Discount} on Cap. Stk. 31,500 Capital Surplus 8,275 23,530 Capital Stock Expense- Debit Earned Surplus Reserved Unappropriated Earned Surplus 616, ,582 1,273,312 Long Term Debt 870, ,611 Advances from Affiliated Companies Current and Accrued Liabilities 162,263 2,429 18,912 Deferred Credits and other Reserves 107,999 2,216 Total Liabilities & Other Credits $ 1,943,399 $ 592,041 $ 2,273,531 %of Capitalization Repr. by: Long Term Debt % % % Advances from Affiliates Preferred Stock Common Stock and Surplus

82 70 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET - DECEMBER 31, 1975 UMPQUA UNITED TEL. CO. ASSETS AND OTHER DEBITS TEL. CO. OF THE N.W. TOTAL Utility Plant in Service $ 720,800 $ 76,715,512 $ 2,953,654,467 Utility Plant Under Construe. 2,924 4,821,881 99,578,620 Property Held for Future Use 39,400 2,137,878 Utility Plant Acquisit. Adj. 2,527,415 Sub Total 723,724 81,576,793 3,057,898,380 less: Depr. & Amort. Reserve 175,781 15,614, ,564,162 Net Ut i 1 i t y Plant 547,943 65,962,244 2, 467, 334, 218 Investment in Affiliated Co. 661,512 2,993,012 Other l.nvestments 6,363 68,603 4, 962,801 Current Assets 103,129 5,158, ,233,603 Other Assets & Def. Debits 35, z252 28,335,300 Total Assets & Other Debits $ 692,748 $ 72,807,645 $ 2,685,858,934 LIABILITIES & OTHER CREDITS Proprietorship $ $ $ Capital Stock - Common 29,175 15,665, ,957,419 - Preferred 600,000 3,790,750 Memberships & Memb. Equity Cert. 103,121 Install. on Cap. Stk. & Memb. Cert. Premium (& Discount) on Cap. Stk. 2,579 76,630,757 Capital Surplus 33,198 22,653,038 Capital Stock Expense - Debit 92,932 92,';)32 Earned Surplus Reserved 8,255,730 8,596,170 Unappropriated Earned Surplus 132,550 9,448, ,217,762 long Term Debt 492,138 28,691,400 1,030,540,746 Advances from Affiliated Companies 34,145,000 Current and Accrued Liabilities ,187, ,891,916 Deferred Credits and Other Reserves 11,705 5!016, ,425,187 Total liabilities & Other Credits $ 692,748 $ 72,807z645 $ 2,685,858,934 %of Capitalization Repr. by: Long Term Debt % 45.83% % Advances from Affiliates 1,54 Preferred Stock Common Stock and Surplus

83 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR ASOTIN AURORA BEAVER CREEK BEAVER STATE INCOME STATEMENT TEL. CO. TEL. CO. COOP. TEL. CO. TEL. CO. Operating Revenues $ 182,681 $ 504,279 $ 479,886 $ 1, 264,491 Operating Expenses 102, , , ,426 Depreciation 26,963 84, , ,543 Amortization Investment Credits - Net 4,000 26,000 Taxes 16, ,054 49, t330 Total Operating Rev. Ded. 145, , , ,299 Net Operating Income 37, , , ,192 Other Income 4,231 27' ,055 11,650 Total Income 41, , , ,842 Misc. Deductions from Income , Income Avail. for Fixed Chgs. 41, , , ,687 Interest on Long Term Debt 7,595 80,501 73, ,515 Other Fixed Charges 19, Total Fixed Charges 26, Net Income 14,619 98,165 51, ,420 Extraordinary Items ~ Net 31,549 Net Income $ 14,619 $. 98,165 $ 83,544 $ 193,420 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 49,491 $ 299,816 $ 423,423 $ 1, 287,404 Net Income 14,619 98,165 83, ,420 Other Credits 4,717 Dividends 1, ,280 Other Debits 826 Balance, December 31 $ 62,300 $ 397,981 $ 510,858 $ 1,131,544

84 72 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR BLUE MOUNTAIN CAL.-PAC. CANB'I' TEL. CASCADE INCOME STATEMENT TEL. CO. UTI L. CO. ASSOCIATION UTI L. INC. Operating Revenues $ 280,797 (1) $ 1,065,113 $ 2,085,542 Operating Expenses 148, , ,697 Depree i at ion 53, , ,350 Amortization Investment Credits- Net 12,000 48,631 Taxes 19, , ,608 Total Operating Rev. Ded. 234, ,879 1,636, 286 Net Operating Income 46, , ,256 Other I ncome 5,227 30,638 64! 132 Total Income 51, , ,388 Misc. Deductions from Income Income Avail. for Fixed Chgs. 51, , ,138 Interest on Long Term Debt 23, , ,900 Other Fixed Charges l Total Fixed Charges 23, , ,132 Net Income 28,020 ( 33,265) $8,006 Extraordinary Items - Net (30,000) Net Income $ 28,020 $ (33,265) $ 338,006 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 172,338 $ 1,463,114 $ 974,085 Net Income 28,020 (33,265) 338,006 Other Credits 421 Dividends 53,600 Other Debits 216 Balance, December 31 $ 200,358 $ 1,430,270 $ 1, 258,275 (1) Total System Balance Sheet is reported in Joint Utilities. (Red Figures)

85 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR CLEAR CREEK COLTON CONTINENTAL CRESWELL INCOME STATEMENT MUT. TEL. CO. TEL. CO. TEL. CO. OF NW TEL. CO. Operating Revenues $ 466,811 $ 217,380 $ 14,763,002 $ 386,949 Operating Expenses 239, ,324 6,816, ,645 Depreciation 101,627 42,408 2, 705,370 56,632 Amortization 1,362 Investment Credits~ Net 11.,442 Taxes 41,763 14,492 1,518,812 50,002 Total Operating Rev. Ded. 383, ' ,053, ,279 Net Operating Income 83,793 50,156 3,709,491 78,670 Other Income 2,579 7, ,565 Total Income 86,372 58,119 3,832,056 78,670 Misc. Deductions from Income 6,441 4, Income Avail. for Fixed Chgs. 86' ,678 3,827' ,595 Interest on Long Term Debt 64,323 9,038 1, 730,407 26,558 Other Fixed Charges l Total Fixed Charges 64,390 9,907 1,971,951 26,729 Net Income 21 '982 41,771 1,855,445 51,866 Extraordinary I terns - Net (1, 200) Net Income $ 21,982 $ 40,571 $ 1,855,445 $ 51,866 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 39,257 $ 67,090 $ 8,646, 703 $ 262,893 Net Income 21,982 40,571 1,855,445 51,866 Other Credits Dividends 61,581 1,450,357 12,104 Other Debits 19,403 Balance, December 31 $ 41,836 $ 46,080 $ 9,051,791 $ 302,655 (Red Figures)

86 74 CLASSES A AND B TELEPHONE UTILITIES TOTAL SfSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR DEPOE BAY DESCHUTES EASTERN OREGON GENERAL INCOME STATEMENT TEL. CO. TEL. CO. TEL. co. TEL. CO. N.W. Operating Revenues $ 393,675 $ 333,886 $ 452,380 $ 162,330,371 Operating Expenses 95,883 91, ,854 61,095,747 Depreciation 74,063 49,702 61,395 29,497,861 Amortization Investment Credits- Net 4,000 4,000 2,674,625 Taxes 105,699 89,997 75!114 31l010l885 Total Operating Rev. Ded. 279, , , l279l118 Net Operating Income 114,030 98,952 67,017 38,051,253 Other Income 15, ,662 1,628,254 Total Income 129,546 99,920 75,679 39,679,507 Misc. Deductions from Income l167 Income Avail. for Fixed Chgs. 129,532 99,920 75,679 39,481,340 Interest on Long Term Debt 50,701 33,603 14,418,200 Other Fixed Charges l748 2,960, 229 Total Fixed Charges 51,238 34,355 6,748 17!378z429 Net Income 78,294 65,565 68,931 22,102,911 Extraordinary I terns - Net 124,410 Net Income $ 78,294 $ 65,565 $ 68,931 $ 22,227,321 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 313,628 $ 118,452 $ 464,493 $ 29,972,151 Net Income 78,294 65,565 68,931 22,227,321 Other Credits Dividends 23,200 1,710 14,800,000 Other Debits Balance, December 31 $ 391,922 $ 160,817 $ 531,714 $ ' ,472

87 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR INCOME STATEMENT HALSEY TEL. CO. IDAHO TEL. CO. KNAPP A TEL. CO. MALHElR TEL. CO. Operating Revenues $ 177,339 $ 24,576,444 $ 2,438,011 Operating Expenses Depreciation Amortization Investment Credits~ Net Taxes Total Operating Rev. Ded. Net Operating Income 88,308 22,809 18, ,051 47,288 10,887,064 4,203, , ,584 2, 254,127 17,598,370 6,978,074 61,865 38,016 1,000 40, ,697 63,277 1,020, ,784 69, ,989 1, 943, ,727 Other Income Total Income 80 47, ,777 7,166, ,865 9, ,458 Misc. Deductions from Income Income Avail. for Fixed Chgs. Interest on Long Term Debt Other Fixed Charges Total Fixed Charges Net Income Extraordinary I terns ~ Net Net Income 5,796 41,572 8,965 8,965 32,607 $ 32, ,161,774 2, 381, ,526 2,966,299 4,195,475 $ 4,195, ,853 35, ,401 27,452 $ 27, ,141 90,521 90, ,620 $ 413,620 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 Net Income Other Credits $ 101,049 32,607 $ 13,637,.524 4,195,475 $ 56,457 27,452 $ 728, ,620 Dividends Other Debits 950 2, 735,661 10, ,744 Balance, December 31 $ 132,706 $ 15,097,338 $ 73,019 $ 903,735 (1) On December , Idaho Telephone Company merged with Continental Telephone Company of the West, so total system figures refer to Continental Telephone Company of the West.

88 76 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR MOLALLA MONITOR MT ANGEL NEHALEM INCOME STATEMENT TEL. co. TEL. CO, TEL. CO, TEL, CO, Operating Revenues $ 887,404 $ 102,406 $ 273,525 $ 171,920 Operating Expenses 432,777 52, ,212 92,582 Depreciation 144,516 13,376 '!!3,271 22,000 Amortization 1, 1'!!3 Investment Credits - Net 5,.339 2,350 Taxes 71,873 7,234 41,413 16,734 Total Operating Rev. Ded. 649,166 72, , ,666 Net Operating Income 2?8,2?8 29,662 72,154?8,254 Other Income 2!135 1z Total Income 240,373 31,660 75,870?8,254 Misc. Deductions from Income 35 Income Avail. for Fixed Chgs. 240,373 31,660 75,835 38,254 Interest on Long Term Debt 7,289 21,051 7,341 Other Fixed Charges 108!201 6,088 Total Fixed Charges 108,201 7,289 21,051 13,429 Net Income 132,172 24,371 54,784 24,825 Extraordinary I terns - Net 23,'577 Net Income $ 155t549 $ 24!371 $ 54,784 $ 24,825 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 1,005,068 $ 122,616 $ 191,358 $ 116,955 Net Income 155,549 24,371 54,784 24,825 Other Credits 5,049 Dividends 21,061 Other Debits 10 Balance, December 31 $ 1,165,656 $ 146z987 $ 225l081 $ 141,780

89 CLASSES A AND B TELEPHONE UTILITIES 77 TOTAL SYSTEM INCOME STATEMeNT AND SURPLUS ANALYSIS YEAR NORTH STATE NORTHWESTERN OREGON PACIFIC N.W. INCOME STATEMENT TEL. CO. TEL. SYS. INC. TEL. CORP. BELL TEL. CO. Operating Revenues $ 107,423 $ 10,696,800 $ 435,374 $ 734,015,665 Operating Expenses 43,990 4,103, , ,30:3,753 Depreciation 10,337 1,816,336 71, ,632,022 Amortization 7, Investment Credits - Net (102) 481,000 (2,060) 18,036,845 Taxes 17,918 1,980,679 61, ~020~892 Total Operating Rev. Ded. 72,143 8,388, , ,993,872 Net Operating Income 35,280 2,308, , ,021,793 Other I nco me 2, :652 6~ Total Income 37,663 2,645, , ,569,551 Misc. Deductions from Income j, Income Avail. for Fixed Chgs. 37,504 2,644, , ,904,174 Interest on Long Term Debt 4, ,148 43,786 41,250,002 Other Fixed Charges 6, z226~473 Total Fixed Charges 4, ,926 47z476z475 Net Income 32,873 1,686,688 64,343 89,427,699 Extraordinary I terns ~ Net (994) Net Income $ 32,873 $ 1,686,688 $ 64,343 $ 89z426, 705 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 53,974 $ 5,388,955 $ 137,198 $ 189,297,954 Net Income 32,873 1,686,688 64,343 89,426,705 Other Credits 1,077 2,034 Dividends 740, ,667,292 Other Debits 1, Balance, December 31 $ 86,847 $ 6, 336,220 $ 199,545 $ 219' 058' 994 (Red Figures)

90 78 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR ~ 1975 PEOPLES PIONEER REDWOODS INCOME STATEMENT TEL. CO. TEL. COOP. TEL. CO. Operating Revenues $ 146,721 $ 1,629,404 $ 432,295 Operating Expenses 59, , ,378 Depreciation 29, ,824 29,220 Amortization Investment Credits- Net 3,393 25,707 Taxes 15,426 96z909 49,252 Total Operating Rev. Ded. 108,629 1~190, ,557 Net Operating Income 38, ,518 81,738 Other Income ,167 Total I ncome 38, ,685 81,738 Misc. Deductions from Income Income Avail. for Fixed.Chgs. 38, ,271 81,663 Interest on Long Term Debt 3,654 62,553 Other Fixed Charges :l.~~ Total Fixed Charges 3,654 63,942 11,795 Net Income 34, ,329 69,868 Extraordinary I terns - Net 1 Net Income $ 34,799 $ 406,330 $ 69,868 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 154,581 $ 1,625,331 $ 392,898 Net Income 34, ,330 69,868 Other Credits 157 Dividends 3,620 Other Debits Balance, December 31 $ 185,917 $ 2,031,661 $ 462,766

91 CLASSES A AND 8 TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR w ROSE VALLEY SCIO STAYTON COOP. INCOME STATEMENT TEL. CO. TEL. CO. TEL. CO. Operating Revenues $ 540,349 $ 175,072 $ 672,756 Operating Expenses 165,212 39, ,244 Depreciation 99,184 19, ,400 Amortization Investment Credits - Net 7,000 Taxes 124,713 9,443 49,929 Total Operating Rev. Ded. 396,109 66, ,573 Net Operating Income 144, , ,183 Other Income 3,971 8,309 18,099 Total Income 148, , ,282 Misc. Deductions from Income 133 Income Avail. for Fixed Chgs. 148, , ,149 Interest on Long Term Debt 65,983 18,945 Other Fixed Charges 579 Total Fixed Charges 66,562 18,945 Net Income 81, , ,204 Extraordinary Items- Net 5,190 Net Income $ 81,649 $ 116,522 $ 214,394 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 571,093 $ 540,214 $ 1,095,496 Net Income 81, , ,394 Other Credits 8,560 3,373 Dividends 35,952 84,714 39,631 Other Debits 320 $ 616,790 $ 580,582 $ 1, 273,312 Balance, December 31

92 80 CLASSES A AND B TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR UMPQUA UNITED TEL. CO. INCOME STATEMENT TEL. CO. OF THE N.W. TOTAL Operating Revenues $ 205,825 $ 23,356,984 $ ,934 Operating Expenses , ,361,843 Depreciation 29,936 3,895, Amortization Investment Credits- Net (627) ,442 Taxes 37,819 4,402, , Total Operating Rev. Ded. 153,077 17,083, ,131,271 Net Operating Income 52,748 6,273, , 322,663 Other Income 1, l176 9,463,523 Total Income 54,269 6,630, ,786,186 Misc. Deductions from Income (9,758) 33, ,305 Income Avail. for Fixed Chgs. 64,027 6,597, ,860,881 Interest on Long Term Debt 9,927 2,328,419 64,118,445 Other Fixed Charges 81 77,793 10,454,502 Total Fixed Charges Net Income 54, Extraordinary Items - Net (51426) 146l907 Net Income $ $ 4, $ 126,434,841 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 83,957 $ 5,788,002 $ 265,643,877 Net Income 48,593 4,190, ,434,841 Other Credits 25,388 Dividends 530,510 80,863,562 other Debits 22,783 Balance, December 31 $ 132,550 $ 9,448,402 $ 311, (Red Figures)

93 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR OPERATING REVENUES ASOTIN TEL. CO. AURORA TEL. CO. BEAVER CREEK COOP. TEL. CO. BEAVER STATE TEL. CO. Local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues ( 1) $ 160, ,330 7,149 3, ,279 $ 229,090 $ 345, , ,569 2,408 30, , ,886 1, 264,491 OPERATING REVENUE DEDUCTIONS Ma i nt en ance Traffic Commercial General Office Other Operating Expe~ses Total Operating Expenses Depreciation Amort i zat ion Investment Credits ~ Net Taxes Total Operating Rev. Ded. Net Operating Income 59,822 1,871 27,026 24,949 10, ,838 84,858 4, , ,750 $ 152,529 69, ,481 11,697 3,491 42,664 75,325 33,660 63,482 40,055 38, , , , ,543 26,000 49, , , ,299 $ 125,347 $ 343,192 Gross Plant in Service Depreciation Reserve $ 1,829,626 $ 292,478 $ 2, 312,085 $ 5,032,697 $ 358,545 $ 1,091,431 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones (1) Oregon data not available ,551 2,551 2, , ,989 4,670 2,989 4,670 2,838 4,532

94 82 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS -STATE OF OREGON - YEAR 1975 BLUE MOUNTAIN CAL.MPAC. CAN~ TEL. CASCADE OPERATING REVENUES TEL. CO. UTIL. CO. ASSOCIATION UTIL. INC. Local Service $ 79,540 $ 410,503 $ 331,997 $ 696,434 Toll Service 198,483 1,890, ,613 1,338,754 Miscellaneous 4,246 60,060 41,866 52,832 Uncollect i bles 1, ,363 2,478 Total Operating Revenues 280,797 2,346,386 1,065,113 2,085,542 OPERATING REVENUE DEDUCTIONS Maintenance 92, , , ,160 Traffic ,533 4,749 92,603 Commercial 21, ,195 78, ,859 General Office 5, , , ,930 Other Operating Expenses 29, ,068 78, ,145 Total Operating Expenses 148,337 1,189, , ,697 Depreciation 53, , , ,350 Amortization Investment Credits~ Net 12,000 (78,530) 48,631 Taxes 19, ' , ,608 Total Operating Rev. Ded. 234,068 1, ,879 1,636, 286 Net Operating Income $ 46,729 $ 668,623 $ 137,234 $ 449,256 Gross Plant in Service $ 1,419,802 $ 8,231,176 $ 5,466,432 $ 7,305,171 Depreciation Reserve $ 658,187 $ 955,003 $ 1,075,801 $ 1,807,395 PRIMARY STATISTICS Miles of Aerial Wire 1, Miles of Cable 22 5' Number of Central Offices Total Company Telephones 915 7,199 7,297 6,300 Total Telephones in Service 915 7,199 7,297 6,300 Average Company Telephones 901 7,010 7,014 6,104 (Red Figures)

95 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR CLEAR CREEK COLTON CONTINENTAL CRESWELL OPERATING REVENUES MUT. TEL. CO. TEL. CO. TEL. CO. OF NW TEL. CO. Local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues $ 335,103 $ 75, , ,312 5,767 6,032 7,566 2, , ,390 $ 1,846,373 $ 116,277 2,394, , ,272 14,514 35,100 6,193 4,344, ,949 OPERATING REVENUE DEDUCT! ONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depree i at ion Amortization Investment Credits Q Taxes Net Total Operating Rev. Ded. Net Operating Income 105,733 26,112 1,774 3,197 22,468 19,324 62,133 39,653 47,520 23, , , ,627 42,408 41,763 14, , ,224 $ 83,793 $ 50, ,773 62,504 87,132 17, ,296 12, ,398 76, ,931 31,710 1,862, , ,228 56, , ,439 50,002 3,337, ,279 $ 1,006,552 $ 78,670 Gross Plant in Service Depreciation Reserve $ 2,420,414 $ 660,861 $ 496,828 $ 170,523 $ 16,000,825 $ 1,053,508 $ 2,702,207 $ 375,549 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones , , , , ,563 1,913 20,563 1,913 19,903 1,804

96 84 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR 1975 OPERATING REVENUES DEPOE BAY TEL. CO. DESCHUTES TEL. CO. EASTERN OREGON TEL. CO. GENERAL TEL. CO. N.W. Local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues $ 135,703 $ 69, , ,785 14,265 8,537 3, , ,886 $ 158,039 $ 26,294, ,119 24,378,160 3,717 1,500, , ,380 52,051,745 OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depree i at ion Amort i zat ion Investment Credits~ Net Taxes Total Operating Rev. Ded. Net Operating Income 49,007 46,415 1, ,512 20,836 17,033 15,103 7,301 8,150 95,883 91,235 74,063 49,702 4,000 4, ,699 89, , ,934 $ 114,030 $ 98, ,498 8,755,981 1,443 2,800,067 32,906 2,833,047 59,289 3,280,562 40,718 2,187, ,854 19,857,625 61' 395 9,521, 793 1,108,406 75,114 9,552, ,363 40,040,636 $ 67,017 $ 12,011 '109 Gross Plant in Service Depreciation Reserve $ 1,288,302 $1,236,525 $ 290,070 $ 190,123 $ ~.402,241 $ 179,732,458 $ 572,949 $ 30,730,941 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones , , , ,823 8, , , ,049 1, ,734 1, ,031

97 CLASSES A AND 8 TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR HALSEY IDAHO KNAPP A MALHEUR OPERATING REVENUES TEL. CO. TEL. CO. TEL. CO. TEL. CO. Local Service $ 60,482 $ 35,744 $ 66,406 $ 1,068,652 Toll Service 114,514 73, ,543 1, 255,890 Miscellaneous 5, , ,817 Uncollect i bles 2, 7:! ,348 Total Operating Revenues 177, , ,974 2,438,011 OPERATING REVENUE DEDUCTIONS Maintenance 34,811 16,431 27, ,087 Traffic 1,435 2, ,067 Commercial 405 5,154 17, ,929 General Office 29,160 15,020 11, ,044 Other Operating Expenses 22,497 16,371 4, ,664 Total Operating Expenses 88,308 55,704 61,865 1,020,791 Depreciation 22,809 28,477 38, ,784 Amortization Investment Credits~ Net 782 1,000 69,720 Taxes 18,934 2,153 40, ,989 Total Operating Rev. Ded. 130,051 87,116 ~697 1l943l284 Net Operating Income $ 47 #288 $ 23,417 $ 63,277 $ 494,727 Gross Plant in Service $ 476,996 $ 545,143 $ 872,449 $ 7,191,552 Depreciation Reserve $ 120,641 $ 158,956 $ 121,089 $ 1,678,104 PRIMARY STATISTICS Miles of Aerial Wire ,289 Miles of Cable Number of Central Offices Total Company Telephones ,072 13,580 Total Telephones in Service ,072 13,602 Average Company Telephones , 0'$ 13,188

98 86 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR 1975 MOLALLA MONITOR MT. ANGEL NEHALEM OPERATING REVENUES TEL. CO. TEL. CO. TEL. CO. TEL. CO. Local Service $ 342,072 $ 30,988 $ 89,516 $ 65,756 Toll Service 503,361 70, , ,846 Miscellaneous 43,293 1,880 6,348 6,946 Uncollect i bles 1, ,628 Total Operating Revenues 887, , , ,920 OPERATING REVENUE DEDUCTIONS Maintenance 189,402 19,164 28,274 42,042 Traffic 3, Commercial 72,600 7,027 15,087 9,991. General Office 95,573 13,683 46,124 29,134 Other Operating Expenses 71,947 11, szz_ 10,435 Total Operating Expenses 432,777 52, ,582 Depreciation 144,516 13,376 36,271 22,000 Amort i zat ion 1,136 Investment Credits- Net 5,339 2,350 Taxes 71,873 7,234 41,413 16,734 Total Operating Rev. Ded. 649, , z ,666 Net Operating Income $ 238,238 $ 29,662 $ 72,154 $ 38,254 Gross Plant in Service $ 2,820,900 $ $ 831,654 $ 503,855 Depreciation Reserve $ 662,375 $ 91,930 $ 252,562 $ 200,715 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones 3, ,484 1,245 Total Telephones in Service 4, ,759 1, 245 Average Company Telephones 3, ,425 1,201

99 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR OPERATING REVENUES NORTH STATE TEL. CO. NORTHWESTERN TEL. SYS. INC. OREGON TEL. CORP. PACIFIC N.W. BELL TEL. CO. Local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues $ 32,404 74,::82 1,637 1, ,423 $ 1,143,207 1,694, ,658 25,465 2,968,063 $ 83, ,925 12,485 3, ,374 $ 132,947, ,725,437 14,338,648 1,984, ,027,249 OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amort i zat ion Investment Credits - Net Taxes Total Operating Rev. Ded. Net Operating Income ' $ 8,249 1,048 15,369 13,292 6,032 43,990 10,337 ( 102) 17,918 72,143 35, ,925 12, , ,970 76, , ,605 7,525 75, ,177 2,164,544 ~~ $ 52,777 1,196 60,107 57,954 27, ,588 71, ( 2,060) 61, ,::84 103,990 54,444,165 22,784,072 23,709,505 18,154,232 29,208, ,300,163 41,967,237 7,653,479 46,233, ,153,886 $ 53,873,363 Gross Plant in Service Depreciation Reserve $ 341,244 $ 103,031 $ 8,948,542 $ 2,289,314 $ 1,758,424 $ 248,423 $ 836,999,339 $ 159,338,669 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones , ,196 18,196 17, ,473 1,473 1,460 ::8,034 19, ,164,505 1,167,179 1,143,136 (Red Figures)

100 88 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR 1975 OPERATING REVENUES PEOPLES TEL. CO. PIONEER TEL. COOP. REDWOODS TEL. CO. Local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues $ 66,329 $ 5~,504 76,314 1,078,853 5,723 42,340 1,645 18, ,721 1,629,404 $ 116, ,995 18,063 4, ,295 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 17, , ,421 1, ,985 ~ ,611 12, ,880 59, ,153 29, ,824 3,393 15,4~ 96, ,629 1!190,886 $ 38,092 $ 438,518 61,193 76,817 34,395 7,870 66, ,378 29,220 25,707 49, ,557 $ 81,738 Gross Plant in Service Depreciation Reserve $ 506,330 $ 7,688,368 $ 246,430 $ 2,817,454 $ 1,199,786 $ 199,724 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service 4, ,092 7,840 1,092 7,844 ( 1) ( 1) 1 2,739 2, 739 Average Company Telephones 1,071 7,578 2,588 ( 1) Data not available.

101 CLASSES A AND 8 TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR ROSE VALLEY SCIO STAYTON COOP. OPERATING REVENUES TEL. CO. TEL. CO. TEL. CO. Local Service $ 197,710 $ 48, 3'34 $ 242,733 Toll Service 328, , ,197 Miscellaneous 19,756 4,736 46,125 Uncollect i bles 6,107 4,208 5,299 Total Operating Revenues 540, , ,756 OPERATING REVENUE DEDUCTIONS Maintenance 69,464 13, ,713 Traffic 3,455 1,085 2,816 Commercial 50,417 9,220 51,059 General Office 30,336 8,507 34,238 Other Operating Expenses 11z540 5,760 62,418 Total Operating Expenses , ,244 Depreciation 99,184 19, ,400 Amortization Investment Credits- Net 7,000 Taxes 124,713 9,443 49,929 Total Operating Rev. Ded. 396,109 66, z573 Net Operating Income $ 144,240 $ 108,213 $ 210,183 Gross Plant in Service $ 2,062,934 $ 451,159 $ 2,495,883 Depreciation Reserve $ 277,529 $ 136,604 $ 663,686 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones 2,977 1,403 4,645 Total Telephones in Service 2,977 1,403 4,645 Average Company Telephones 2,862 1,352 4,453

102 90 CLASSES A AND B TELEPHONE UTILITIES RESULTS OF OPERATIONS AND PRIMARY STATISTICS STATE OF OREGON - YEAR 1975 OPERATING REVENUES UMPQUA TEL. CO. UNITED TEL. CO. OF THE N.W...IQI&_ Local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues $ 37, , ,825 $ 3,303,891 8,182, ,179 53,675 11,814,655 $ 171,838, ,590, J 135,590 2,370, ,194,996 OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amort i zat ion Investment Credits- Net Taxes Total Operating Rev. Ded. Net Operating Income 38, ,267 39,193 5,862 85,949 29,9$ {627) 37, ,077 $ 52,748 1,590, , , , ,742 3,974,188 1,832, ,507 2z444z926 8,549,709 $ 3,264,946 69,328,988 26,808,971 28,956,930 24,495,643 33,450, ,040,559 57,875,610 8,830 9' 394,625 62,280,3$ 312,599,960 $ 75,595,0$ Gross Plant in Service Depreciation Reserve $ 723,724 $ 175,781 $ 40,315,830 $ 6,656,541 $ 1,152,553,984 $ 218,207,588 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones ,273 2, ,874 41,932 41,026 68,412 $, ,565,696 1,569, 762 1,532,021 {Red Figures)

103 CLASSES A AND B TELEPHONE UTILITIES DERIVED STATISTICS- STATE OF OREGON YEAR ASOTIN AlRORA BEAVER CREEK BEAVER STATE DATA PER AVERAGE COMPANY TELEPHONE TEL. CO. TEL. CO. COOP. TEL. CO. TEL. CO. OPERATING REVENUES Local Service ( 1) $ $ $ Toll Service Miscellaneous Uncollectible Revenue Total Operating Revenues OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depree i at ion Amort i zat ion Investment Credits- Net Taxes Total Operating Revenue Ded Net Operating Income $ $ $ Gross Plant Per Average Co. Tel. $ $ $1, Ratio of Gross Plant to Oper. Rev %of Depreciation to Gross Plant ~ % of Oper. Exp. to Oper. Rev % of Uncoil. to Oper. Rev so % of Taxes to Operating Revenue (1) Oregon data not available.

104 92 CLASSES A AND 8 TELEPHONE UTILITIES DERIVED STATISTICS- STATE OF OREGON YEAR 1975 BLUE MOUNTAIN CAL.-PAC. CANBY TEL. CASCADE DATA PER AVERAGE COMPANY TELEPHONE TEL. CO. UTIL. CO. ASSOCIATION UTIL. INC. OPERATING REVENUES Local Service $ $ $ $ Toll Service Miscellaneous Uncollectible Revenue Total Operating Revenues OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amort i zat ion Investment Credits- Net (11.20) 7.97 Taxes Total Op er at i ng Revenue Ded Net Operating Income $ $ $ $ Gross Plant Per Aver age Company Tel. $ 1, $ 1, $ $ 1, 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 Revenues (Red Figures)

105 CLASSES A AND 8 TELEPHONE UTILITIES DERIVED STATISTICS- STATE OF OREGON YEAR DATA PER AVERAGE COMPANY TELEPHONE CLEAR CREEK MUT, TEL, CO, COLTON TEL, CO, CONTINENTAL TEL, CO, OF NW CRESWELL TEL, CO, OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollectible Revenue Total Operating Revenues $ , ,'$ $ 83,93 154,54 6, $ 92, $ 64, , OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amort i zat ion Investment Credits- Net Taxes Total Operating Revenue Ded. Net Operating Income $ $ , , '$,64 6.'$ $ 50, $ 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 $ 940,33 5, ,95 $ ,04 6,42 50,75,96 6,67 $ 803, , $

106 94 CLASSES A AND 8 TELEPHONE UTILITIES DERIVED STATISTICS- STATE OF OREGON YEAR DEPOE BAY DESCHUTES EASTERN OREGON GENERAL DATA PER AVERAGE COMPANY TELEPHONE TEL. CO. TEL. CO. TEL. CO. TEL. CO. N.W. OPERATING REVENUES Local Service $ $ $ $ Toll Service Miscellaneous Uncollectible Revenue Total Operating Revenues OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depree i at ion Amortization Investment Credits- Net Taxes Total Operating Revenue Ded Net Operating Income $ $ $ $ Gross Plant Per Average Co. Tel. $ $ 1, $ $ Ratio of Gross Plant to Oper. Rev % of Depreciation to Gross Plant % of Oper. Exp. to Oper. Rev. 24.:: % of Uncoil. to Oper. Rev %of Taxes to Operating Revenue

107 CLASSES A AND 8 TELEPHONE UTILITIES DERIVED STATISTICS- STATE OF OREGON YEAR DATA PER AVERAGE COMPANY TELEPHONE HALSEY TEL. CO, IDAHO TEL. CO, KNAPP A TEL, CO, MALHEUR TEL. CO, OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollectible Revenue Total Operating Revenues $ 85,31 161, $ 72,80 150, $ 64,10 127, $ :: ) OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amort i zat ion Investment Credits - Net Taxes Total Operating Revenue Ded, Net Operating Income , , $ , :: ), , $ ,25 59,72 36,69,96 39, $ $ '57.51 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 $ , ,68 $ 1, , $ $

108 96 CLASSES A AND 8 TELEPHONE UTILITIES DERIVED STATISTICS~ STATE OF OREGON YEAR ~ 1975 MOLALLA MONITOR MT ANGEL NEHALEM DATA PER AVERAGE COMPANY TELEPHONE TEL. CO. TEL. CO. TEL. CO. TEL. co. OPERATING REVENUES Local Service $ $ $ $ Toll Service Miscellaneous 12.:: Uncollectible Revenue Total Operating Revenues OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amortization.so Investment Credits Net Taxes Total Operating Revenue Ded Net Operating Income $ $ $ $ Gross Plant Per Average Co. Tel. $ $ $ $ Ratio of Gross Plant to Oper. Rev %of Depreciation to Gross Plant :: 4.37 % of Oper. Exp. to Oper. Rev % of Uncoll. to Oper. Rev %of Taxes to Operating Revenue

109 CLASSES A AND B TELEPHONE UTILITIES DERIVED STATISTICS- STATE OF OREGON YEAR NORTH STATE NORTHWESTERN OREGON PACIFIC NW. DATA PER AVERAGE COMPANY TELEPHONE TEL. CO. TEL. SYS. INC. TEL. CORP. BELL TEL. CO. OPERATING REVENUES Local Service $ $ $ $ Toll Service Miscellaneous Uncollect i bles Total Operating Revenues ,71 OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depree i at ion Amortization Investment Credits- Net (.21) 4.27 ( 1.41) 6.70 Taxes Total Operating Revenue Ded Net Operating Income $ $ $ $ Gross Plant Per Average Co. Tel. $ $ $ 1, $ 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 (Red Figures)

110 98 CLASSES A AND 8 TELEPHONE UTILITIES DERIVED STATISTICS- STATE OF OREGON YEAR DATA PER AVERAGE COMPAtff TELEPHONE PEOPLES TEL. CO. PIONEER TEL. COOP. REDWOODS TEL. CO. OPERATING REVENUES Local Service Toll Service Miscellaneous Uncollectible Revenue Total Operating Revenues $ $ $ OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amort i zat ion Investment Credits- Net Taxes Total Operating Revenue Ded. Net Operating Income $ $ $ 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, $

111 CLASSES A AND B TELEPHONE UTILITIES 99 DERIVED STATISTICS w STATE OF OREGON YEAR ROSE VALLEY SCIO STAYTON COOP. DATA PER AVERAGE COMPANY TELEPHONE TEL. CO. TEL. CO. TEL. CO. OPERATING REVENUES Local Service $ $ $ Toll Service Miscellaneous '$ Uncollectible Revenue Total Operating Revenues OPERATING REVENUE DEDUCTIQNS Maintenance Traffic 1.21.so.63 Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amortization Investment Credits~ Net 2.45 Taxes Total Operating Revenue Ded Net Operating Income $ $ $ 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 Uncoil. to Oper. Rev %of Taxes to Operating Revenue

112 100 CLASSES A AND B TELEPHONE UTILITIES DERIVED STATISTICS- STATE OF OREGON YEAR DATA PER AVERAGE COMPANY TELEPHONE UMPQUA TEL, CO, UNITED TEL, CO, OF THE N,W, AVERAGE OPERATING REVENUES local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues $ ,83 $ $ OPERATING REVENUE DEDUCTIONS Maintenance Traffic Commercial General Office Other Operating Expenses Total Operating Expenses Depreciation Amortization Investment Credits- Net Taxes Total Operating Revenue Ded. Net Operating Income $ 66.70,83 3,96 68, (1.10) , , , $ , , , $ 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, $ , $ , , (Red Figures)

113 CLASS C TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET DECEMBER 31, EAGLE FOSSIL GERVAIS HAINES ASSETS & OTHER DEBITS TEL. co. TEL. CO. TEL. CO. TEL. CO. I I Utility Plant in Service $ 119,933 $ 308,442 $ 421,435 $ 272,588 Utility Plant under Construction 5,373 Property Held for Future Use Utility Plant Acquisit. Adj. 20l313 Sub Total 140, , ,435 $ 272,588 Less: Depr. Reserve 64, , , ,496 Net Uti 1 ity Plant 75, , , ,092 Investments in Affi 1 i ated Co. Other Investments Current Assets 7, , ,276 14,439 Other Assets & Def. Debits 13,817 3,585 Total Assets & Other Debits $ 83,213 $ 268,096 $ 435,733 $ 172,531 LIABILITIES & OTHER CREDITS Proprietorship $ 17,976 $ $ $ Capital Stock - Common 480 2,690 16,050 - Preferred Memberships & Memb. Equity Cert. 278,715 Install. on Cap. Stk. & Memb. Cert. Premium (& Discount) on Cap. Stk. Capital Surplus 4,855 Capital Stock Expense Earned Surplus Reserved Unappropriated Earned Surplus ,022 32,774 Long Term Debt 53, , ,692 67,790 Advances from Affiliated Co. Current and Accrued Liabilities 3,655 16,269 3,381 47,017 Deferred Credits and Other Reserves 8l126 10, ,045 Total Liabilities & Other Credits $ 83,213 $ 268,096 $ 435,733 $ 172,531 %of Capitalization Rep. by: Long Term Debt 74.8~ 56.14% 91.06% 58.1~ Advances from Affiliates Preferred Stock Common Stock and Surplus

114 102 CLASS C TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET DECEMBER 31, 1975 ASSETS & OTHER DEBITS HELIX TEL. CO HOME TEL. CO. MEACHAM TEL. CO. MONROE TEL. CO. Utility Plant in Service Utility Plant under Construction Property Held for Future Use Utility Plant Acquisit. Adj. Sub Total Less: Depr. Reserve Net Utility Plant Investments in Affiliated Co. Other Investments Current Assets Other Assets & Def. Debits Total Assets & Other Debits $ 183, ,739 '65, _.864' 8, $ 128~ 109 $ 439,190 59, , , ,544 46,994 19,246 $ 344,784 $ 43,500 2,082 45,582 6,178 39,404 5,309 $ 44,713 $ 318,784 84, ,154 40, ,322 62,557 26,278 $ 451,157 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 Earned Surplus Reserved Unappropriated Earned Surplus Long Term Debt Advances from Affiliated Co. Current and Accrued Liabilities Deferred Credits and Other Reserves Total Liabilities & Other Credits $ 114,700 3,942 9,467 $ 128,109 $ 27, ,749 38,002 85,618 6,415 $ 344,784 $ 1,000 25,402 14,228 2,586 1,497 $ 44,713 $ 18,699 95, ,434 41,169 8,554 $ 451,157 %of Capitalization Rep. by: Long Term Debt Advances from Affiliates Preferred Stock Common Stock and Surplus % % % 28.40

115 CLASS C TELEPHONE UTILITIES TOTAL SYSTEM BALANCE SHEET DECEMBER 31, PINE TRANS~ CASCADE GRAND ASSETS & OTHER DEBITS TEL. CO. TEL. CO. TOTAL Utility Plant in Service $ 3'33, 133 $ 229,776 $ 2,720,627 Utility Plant under Construction 151,873 Property Held for Future Use Utility Plant Acquisit. Adj. (733) 19,580 Sub Total 333, ,043 2,892,080 Less : Depr. Reserve 112,693 97, ,555 Net Utility Plant 270, ,479 1,899,525 Investments in Affi 1 i ated Co. Other Investments Current Assets 32,433 7, ,488 Other Assets & Def. Debits 92 63,270 Total Assets & Other Debits $ 302,883 $ 139,064 $ 2, 370,283 LIABILITIES & OTHER CREDITS Proprietorship $ $ $ 132,676 Capital Stock - Common 54,664 24, ,705 - Preferred Memberships & Memb. Equity Cert. 278,715 Install. on Cap. Stk. & Memb. Cert. Premium (& Discount) on Cap. Stk. Capital Surplus 3,814 34,071 Capital Stock Expense Earned Surplus Reserved Unappropriated Earned Surplus 100,977 18, ,941 Long Term Debt 41,222 83, ,669 Advances from Affiliated Co. Current and Accrued Liabilities 106,020 7, ,894 Deferred Credits and Other Reserves 1,397 50,612 Tot al L i ab i 1 i t i es & Other Credits $ 302,883 $ 139,064 $ 2, 370,283 %of Capitalization Rep. by: Long Term Debt 20.94% 66.19% 57.73% Advances from Affiliates Preferred Stock Common Stock and Surplus

116 104 CLASS C TELEPHONE UTILITIES TOTAL St'STEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR ~ 1975 EAGLE FOSSIL GERVAIS HAl NES INCOME STATEMENT TEL. CO. TEL. CO. --- TEL. CO. TEL. CO. Operating Revenues $ 3!3' 832 $ 104,885 $ 128,011 $ 64,328 Operating Expenses 27,897 63,765 56,094 39,595 Depreciation 9,801 11,155 17,630 10,086 Amortization Taxes ,658 8,077 4,541 Total Operating Rev. Ded. 38,171 88,578 81,802 54,222 Net Operating Income ' ,209 10,106 Other Income 5,211 3,747 1,622 Total Income ,518 49,956 11,728 Miscellaneous Ded. From Income Income Avail. for Fixed Charges ,431 49,859 11,728 Interest on Long Term Debt 3,851 3,548 2,849 6,833 Other Fixed Charges Total Fixed Charges 3,851 3,548 2,849 6,833 Net Income ( 3, 202) 17,883 4?,010 4,895 Extraordinary I terns w Net Net Income $ (3, 202) $ 17,883 $ 47,010 $ 4,895 EARNED SURPLUS OR PROPRIETORSHIP.Balance, January 1 $ 15,889 $ 87,324 $ 11,022 $ 27,879 Net Income (3,202) 17,883 47,010 4,895 Other Credits 5,289 Dividends Other Debits 47,010 Balance, December 31 $ 17,976 $105,207 $ 11,022 $ 32,774

117 CLASS C TELEPHONE UTILITIES TOTAL SYSTEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR ~ INCOME STATEMENT 'HELl X TEL. CO. HOME TEL. CO. MEACHAM TEL. CO. MONROE TEL, CO. Operating Revenues Operating Expenses Depreciation Amortization Taxes Total Operating Rev. Ded. Net Operating Income Other Income Total Income Miscellaneous Ded. From Income Income Avail. for Fixed Charges Interest on Long Term Debt Other Fixed Charges Total Fixed Charges Net Income Extraordinary I terns ~ Net Net Income $ 34,560 $ 145,194 15,878 84,787 6,7'5? 23,553 2,225 13,200 24, ,540 9,720 23, z597 10,226 27,251 10,226 27, ,752 3, ,290 10,207 20,961 $ 10,207 $ 20,961 $ 13,938 $ 99,68 7 5~336 58~159 1,448 11,781 2,255 6l214 9,039 76,154 4,898 23,533 4,898 23,533 :Z.:i 4,898 23, , l785 4,876 15,674 $ 4,876 $ 15,674 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 Net Income Other Credits Dividends Other Debits Balance, December 31 $ 113,721 $166,788 10,207 20, ,928 $ 114,700 $187,749 $ 9,352 $ 79,626 4,876 15,674 $ 14,228 $ 95,300

118 106 CLASS C TELEPHONE UTILITIES TOTAL St' STEM INCOME STATEMENT AND SURPLUS ANALYSIS YEAR PINE TRANS-CASCADE GRAND INCOME STATEMENT TEL. CO. TEL. CO. TOTAL Operating Revenues $ 93,615 $ 40,527 $ 763,577 Operating Expenses 49,297 18, ,864 Depreciation 16,816 7, ,018 Amortization Taxes 8,119 3,943 62l705 Total Operating Rev. Ded. 74,232 29, ,587 Net Operating Income 19,383 11, ,990 Other Income 14,68;;l Total Income 19,383 11, ,.673 Miscellaneous Ded. From Income Income Avail. for Fixed Charges 19,234 11, ,162 Interest on Long Term Debt 12,809 6,485 46,955 Other Fixed Charges 3,538 Total Fixed Charges 12,809 6,485 50!493 Net Income 6,425 4, ,669 Extraordinary Items - Net Net Income $ 6,425 $ 4,940 $ 129,669 EARNED SURPLUS OR PROPRIETORSHIP Balance, January 1 $ 86,230 $ 13,743 $ 611,604 Net Income 6,425 4, ,670 Other Credits 8, ,280 Dividends Other Debits 56,938 Balance, December 31 $ 100,976 $ 18,683 $ 698l616

119 CLASS C TELEPHONE UTILITIES RESULTS OF OPERATING AND SELECTED STATISTICS STATE OF OREGON - YEAR OPERATING REVENUES EAGLE TEL. CO. FOSSIL TEL. CO. GERVAIS TEL. CO. HAl NES TEL. CO. Local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues $ 15,263 $ 35,'Z.77 22,805 65, ,054 (75) , ,885 $ 48,553 $ 24,525 78,478 40,091 1, ,011 64,328 OPERATING REVENUE DEDUCTIONS Operating Expenses Depreciation Amortization Taxes Total Operating Revenue Ded. Net Operating Income Gross Plant in Service 27,897 63,765 9,801 11, ,658 38,171 88,578 $ 661 $ 16,307 $ 119,933 $ 308,442 56,094 39,595 17,630 10,086 8,077 4,541 81,801 54,222 $ 46,210 $ 10,106 $ 421,435 $ 'Z.72,588 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones 1::

120 108 CLA~S C TELEPHOtiE!JTI L I Tl ES RESll_ TS OF r;pepatl NG /l.tjo SELECTED STAT! ST! CS STATE OF ~EGON - YEAR 1975 OPERATING REVENUES HELIX TEL. CO. HOME TEL. CO. MEACHAM TEL. CO. MONROE TEL. CO. Local Service Toll Service Miscellaneous Uncollect i bles Total Operating Revenues $ 11,464 $ 70,720 22,500 74, , ,061 34, ,194 $ 4,003 $ 26,197 10,133 73, , ,040 13,938 99,687 OPERATING REVENUE DEDUCTIONS Operating Expenses Depree i at ion Amortization Taxes Total Operating Revenue Ded. 15,878 84,787 6,737 23,553 2,225 13,200 24, ,540 5,336 58,159 I 1,448 11,781 2,255 6,214 9,039 76,154 Net Operating Income $ 9,720 $ 23z654 $ 4,899 $ 23,533 Gross Plant in Service $ 183,841 $ 439,190 $ 43,500 $ 318,784 PRIMARY STATISTICS Miles of Aerial Wire Miles of Cable Number of Central Offices Total Company Telephones Total Telephones in Service Average Company Telephones 295 ( 1) 2 ( 1) 1 (1) 212 ( 1) 212 ( 1) 214 ( 1) (1) Oregon data not available.

121 CLASS C TELEPHONE UTILITIES 109 RESULTS OF OPERATING AND SELECTED STATISTICS STATE OF OREGON YEAR 1975 PINE TRANS.. CASCADE GRAND OPERATING REVENUES TEL. CO. TEL. CO. TOTAL Local Service $ 35,861 $ 12,615 $ 284,478 Toll Service 55,062 26, ,039 Miscellaneous 2,724 1,359 16,558 Uncollect i bles 32 6~498 Total Operating. Revenues 93,615 40, ,577 OPERATING REVENUE DEDUCTIONS I I Operating Expenses 49,297 18, ,864 Depreciation 16,816 7, ,018 Amortization Taxes 8,119 3,943 62,705 Total Operating Revenue Ded. 74,232 29, ,587 Net Operating Income $ 19,383 $ 11,517 $ 165,990 Gross Plant in Service $ 383,138 $ 229,776 $ 2, 720,627 PRIMARY STATISTICS Miles of Aerial Wire ,427 Miles of Cable Number of Central Offices Total Company Telephones ,583 Total Telephones in Service ,583 Average Company Telephones ,508

122 110 CLASS C TELEPHONE UTILITIES DERIVED STATISTICS STATE OF OREGON - YEAR 1975 EAGLE FOSSIL GERVAIS HAINES DATA PER AVERAGE C.OMPANY TELEPHONE TEL. CO. TEL. CO. TEL. CO. TEL. CO. OPERATING REVENUES Local Service $ $ $ $ Toll Service Miscellaneous Uncollectible Revenues !;lo Total Operating Revenues OPERATING REVENUE DEDUCTIONS Operating Expenses Depreciation Amortization Taxes :1 Total Revenue Deductions Net Operating Income $ 2.23 $ $ $ Gross Plant per Ave. Company Telephone , Ratio of Gross Plant to Oper. Rev % of Depr. to Gross Plant % of Oper. Exp. to Oper. Rev % of Uncoll. to Oper. Rev % of Taxes to Oper. Rev Times Fixed Charges Earned

123 CLASS C TELEPHONE UTILITIES DERIVED STATISTICS STATE OF OREGON - YEAR HELIX HOME MEACHAM MONROE DATA PER AVERAGE COMPANY TELEPHONE TEL. CO. TEL. CO. TEL. CO. TEL. CO. OPERATING REVENUES Local Service $ ( 1.l $ 76;98 $ Toll Service Miscellaneous Uncollectible Revenues 1.46 ~~ Total Operating Revenues OPERATING REVENUE DEDUCTIONS Operating Expenses Depreciation Amortization Taxes :5.: Total Revenue Deductions Net Operating Income $ $ $ Gross Plant per Ave. Company Telephone , Ratio of Gross Plant to Oper. Rev % of Depr. to Gross Plant % of Oper. Exp. to Oper. Rev % of Uncoll. to Oper. Rev % of Taxes to Oper. Rev Times Fixed Charges Earned (1) Oregon data not available.

124 112 CLASS C TELEPHONE UTILITIES DERIVED STATISTICS STATE OF OREGON - YEAR 1975 PINE TRANS-CASCADE DATA PER AVERAGE COMPANY TELEPHONE TEL. CO. TEL. CO. AVERAGE OPERATING REVENUES Local Service $ $ $ Toll Service Miscellaneous Uncollectible Revenues Total Operating Revenues OPERATING REVENUE DEDUCTIONS bperat i ng Expenses Depreciation Amortization Taxes Total Revenue Deductions Net Operating Income $ $ $ I Gross Plant per Ave. Company Telephone , Ratio of Gross Plant to Oper. Rev % of Depr. to Gross Plant % of Oper. Exp. to Oper. Rev % of Uncoll. to Oper. Rev % of Taxes to Oper. Rev Times Fixed Charges Earned

125