|
<br />OOl~2-
<br />
<br />I
<br />I
<br />
<br />REPORT OF THE
<br />ARIZONA POWER AUTHORITY
<br />COMMISSION
<br />
<br />The fi~cal ye,IT ended JUlIl-' ;10, WOO. was an .1diH' period for the ..\uthur-
<br />ity. In gt'lwral, tbe l'lIlltinuilll.: 1l1wraliom of tlu' .-\ulhorily w('n' sathfal"tory
<br />from a ~t.lIldpoiTlt 01 PO\\N op"ratinll~ and fin<lndal achie\l'II11'lltS. Tilt'
<br />Authority llld its ClIslol1Wf'S ft'lluirl'Tlwllb for 1'00\'('f llntlt'r incrl"asill~
<br />prohlems impost.d by tbt, r.lpidly growill~ d,'1I1;11111.... :\1 Ihe S:II1W tilllt'. it was
<br />ahle to make additional rail' Tl'dudiollS Tesllltilll.: ill sllhslimtb] s;\\-ings for
<br />its cllstolllers. Till' \t'ar beu.ill \\'ilh lIlt' :\tLthoritv lookill1!; forward ('01111-
<br />tI.'ntlv to all earh iwarilll.! 011 Ill<' 1T1;11t"T of w{.'I'lrim!: a !it"t'IISt' from tilt'
<br />Ft.dt'ral 1'00\"I'f C;lInrnission 10 {";Irry oul its plan of dt'\t'!opmt'nt for the
<br />Coloradn Hi\,'r. TIll" \t'M 1'!I(!..d with tl\l' .-\llthllritv still lool-im: forward
<br />to a Ill'arillg. DllrilH!; till' \('ar, IImn'n'r. till' "\llt!lorih: was ail]., tll mal-t' suh-
<br />stantial prm:n'ss on prq;aratiolls for tbt, Ill'arilll!; an~1 on l'l'rlain ft'aturt's of
<br />its pLms wilidl will hl' lll'l't'S~ary wllt'n a !il't'll-"l' b sl'('lIn'd.
<br />
<br />Set iueome hOll1 ollt'ratiol1s for the fi~l';!1 ~l'ar t'lId.,t1 Jllllt' ;30, IYl'iO, was
<br />S:lGS,OHi.U'J ,IS ('(lmpart'd with ~:127,:).IO.70 for tflt' pn'\io\ls fiscal year, an
<br />ilwn'aw of $-W,7n').5:1
<br />Operatillg rt'\t'nm's wt're $.'),!J-tI.:37.1.07 for tilt' fist'al ~t'ar a.~ {'ompan.t1
<br />with $.,).';2.t.2\.').&1 for tht, prt'\'iom ~.t'ar, all im'n';!st' of $117.tl'\S.2(;i or ap-
<br />pro_\imatt'ly 21. Opt'fatill~ npt'Jlst.s tota]..d $.'iJil!J.7.'il.fi'i for tIlt' fiscal ~'''ar
<br />as t'omp'lwd wilh S.'i,.').II.-I-HL')(j ill tilt' prior yt'ar. au imn'ast' uf S7~,:3o.'),12
<br />or I.,N.
<br />TIlt' ..\ulhorih so]d I.02:tO:?Il,I:32 ki]owaUltollrs of t'lwn!;\" a.~ ('omparet!
<br />\\-ith Ulfe.';'{2.lS2 kilowauhom, for lill' IHt'\'iullS Yt'ar a dt'l'r~'ast' of :3!J..sre,-
<br />O,')() kilowatthollf~ or .'lS7". Pt'ak hillillg tll-maw! was 2~.t.()SS kilowatts as
<br />t'ompared with 2-Hl,7.1-1 kilowatts ill tilt' pn.\illlls ~.t'ar.
<br />Dmim.: tht' fis{',11 ~l'ar l'llill'd JIIIlt' :30, WliO. lh.. .\lIthorit~ spellt Sh7,-
<br />9:1-t.:ll;j on its proc;ram for dt'H']OPIllt'ut of th.. Colorado Bin'f. Similar t'''llt'll-
<br />t1illlfl's tulalin~ S2(;(;.;)~3 ha\'l' 11l'1'1I ilJ{'uITt'd ill pn" inus ~ears. Tht' .\lIthorily
<br />bas ht'l'n ahk to finalKl' its prn!:!:r~1l1l for dl,\t'lopnll'llt of 1111' (:o]orado Hi\'t'T
<br />llllls far ont of {'lIrrt'1I1 l'arnim.:s.
<br />
<br />Tht, .\rizolla 1'tJ\\t'r _\lIthtlrit~ "Iwrah-s ,IS it IIUll,pwfit a~('lll'Y ill Sl'T\- RATE
<br />iug pOwt'r ami 1'I1t'rg~ tll its ('u\tolllt'rs. SaIl'S an' madt' IIl1dt'r ]oll~-tt'rm REDUCTIONS
<br />contrads wllich ('ontain ratt', lh,lt are adt''lnak to llwd tht' currenl operat,
<br />ill~ ""IWll"'s of lilt' ,\tlth(Jrit~ alltl to lIlaint,lill apprnpriah' Huandal H'St'rH'\.
<br />III an~' ~ht'll ~t"lr. \\Ilt'll opt'ratiu1,: H'\'I'lllles t'\ct'l'd {'urn'llt financial require-
<br />!TWllts, th,' .\uthority allows tt'll1porary n'dudiollS in its ('OIltract rah's ami
<br />passes lilt' IWlld;t of such Tl.dudions 011 tn its Cllstomt'rs.
<br />Durim: tht' fiscal \t'ar ('ndt'd 1mit' :10, HJf,ll. tht' ,'ahu' of such rah' r"duc-
<br />tiOllS was ill t'\{'t.s, of 8.~IO,OflO. t!lt' S(,{'tiOll of thi.\ Tt'pnrt t'ntitlt'd "Purl.has-
<br />t'rs' Belll'Hts From Hatl' E'jllali/ation" tahlltJlt's the \,a]ue of tlw \'ariOllS ralt-'
<br />rt'dlldi(lII.~ wllidl h~l\t' IWt'll Imltlt' ill TlTt'llt yt'ars.
<br />
<br />I
<br />
<br />I
<br />I
<br />
<br />FISCAL YEAR 1959.60
<br />
<br />.
<br />I
<br />I
<br />
<br />FINANCIAL
<br />RESULTS OF
<br />OPERATION
<br />
<br />Tilt' ..\n/tllla 1'00\t'r .-\uthllri!\- is ,I Statt, .-\C;t'lll'\' t'st,lhlisht'd hy tIlt' Lt'(!is- ORGANIZATION
<br />I.lture 011 \hrch :!7. HHI, LTmft'r tilt' I'u\\'t'r ,\nihorih' ,-\ct. th;' gon'ming
<br />IKld\' of the .\uthnrit\" consists of a Cnmmissiull of fi\:(' nWl111wrs: who ar..
<br />aPr~Jillt<'t! b~' tbe \.t;\t'mor with Iht' approval ,lilt! l'()JJSt'lIt of thp St'natt'.
<br />\kmlJl'rs s{'rn' stal;:\!;t'H'd knns of si" \'('ars t',Kh Tht' lIanlt's ami It'nns of
<br />IIIl' \-ariOllS 1Ilt'1J who han' s,'rn'd all tlU' CommissioJl art' sd forth in tll('
<br />a{,{,olllp,Hl~illg chart. Durin!.!; tht' fiq'al yt'ar l'l1dt,t1 June :)0, 19(',1), no l'hanc;t's
<br />Ot'C'IIITl'd ill thl' Commission. 7
<br />
<br />:lJ
<br />m
<br />~
<br />o
<br />:lJ
<br />-i
<br />o
<br />~
<br />-i
<br />J:
<br />m
<br />"
<br />o
<br />~
<br />~
<br />-
<br />III
<br />CO
<br />-
<br />o
<br />z
<br />
<br />~
<br />
|