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Previous: ECHO BAY MINES LTD, 8-K, 1997-04-17 |
Next: CINTAS CORP, S-3/A, 1997-04-17 |
Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1996 and Ending December 31, 1996
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
GPU NUCLEAR, INC.
(Exact Name of Reporting Company)
A Subsidiary Service Company
("Mutual" or "Subsidiary")
Date of Incorporation September 11, 1980 If not Incorporated, Date of
Organization
State or Sovereign Power under which Incorporated or Organized New Jersey
1 Upper Pond Road
Location of Principal Executive Offices of Reporting Co. Parsippany, NJ
07054
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
1 Upper Pond Road
P. E. Maricondo V.P. Financial & Planning Services Parsippany, NJ 07054
(Name) (Title) (Address)
Name of Principal Holding Company Whose Subsidiaries are served by Reporting
Company:
GPU, INC.
<PAGE>
1
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing.--Rule 94 provides that on or before the first day of
May in each calendar year, each mutual service company and each subsidiary
service company as to which the Commission shall have made a favorable finding
pursuant to Rule 88, and every service company whose application for approval
or declaration pursuant to Rule 88 is pending shall file with the Commission
an annual report on Form U-13-60 and in accordance with the Instructions for
that form.
2. Number of Copies.--Each annual report shall be filed in duplicate.
The company should prepare and retain at least one extra copy for itself in
case correspondence with reference to the report become necessary.
3. Period Covered by Report.--The first report filed by any company
shall cover the period from the date the Uniform System of Accounts was
required to be made effective as to that company under Rules 82 and 93 to the
end of that calendar year. Subsequent reports should cover a calendar year.
4. Report Format.--Reports shall be submitted on the forms prepared by
the Commission. If the space provided on any sheet of such form is
inadequate, additional sheets may be inserted of the same size as a sheet of
the form or folded to such size.
5. Money Amounts Displayed.--All money amounts required to be shown in
financial statements may be expressed in whole dollars, in thousands of
dollars or in hundred thousands of dollars, as appropriate and subject to
provisions of Regulation S-X (S210.3-01(b)).
6. Deficits Displayed.--Deficits and other like entries shall be
indicated by the use of either brackets or a parenthesis with corresponding
reference in footnotes. (Regulation S-X, S210.3-01(c))
7. Major Amendments or Corrections.--Any company desiring to amend or
correct a major omission or error in a report after it has been filed with the
Commission shall submit an amended report including only those pages,
schedules, and entries that are to be amended or corrected. A cover letter
shall be submitted requesting the Commission to incorporate the amended report
changes and shall be signed by a duly authorized officer of the company.
8. Definitions.--Definitions contained in Instruction 01-8 to the
Uniform System of Accounts for Mutual Service Companies and Subsidiary Service
Companies, Public Utility Holding Company Act of 1935, as amended February 2,
1979 shall be applicable to words or terms used specifically within this Form
U-13-60.
9. Organization Chart.--The service company shall submit with each
annual report a copy of its current organization chart.
10. Methods of Allocation.--The service company shall submit with each
annual report a listing of the currently effective methods of allocation being
used by the service company and on file with the Securities and Exchange
Commission pursuant to the Public Utility Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed.--The
service company shall submit with each annual report a copy of the annual
statement supplied to each associate company in support of the amount of
compensation for use of capital billed during the calendar year.
<PAGE>
2
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS Page
Number
Description of Schedules and Accounts Schedule or Account
Number
COMPARATIVE BALANCE SHEET Schedule I 4-5
SERVICE COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY PROPERTY Schedule III 8
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRUED ASSETS Schedule VIII 13
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule XIII 18
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
ANALYSIS OF BILLING - ASSOCIATE COMPANIES Account 457 21
ANALYSIS OF BILLING - NONASSOCIATE COMPANIES Account 458 22
ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE
AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
<PAGE>
3
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Page
Number
Description of Reports or Statements
ORGANIZATION CHART 36
METHODS OF ALLOCATION 37
ANNUAL STATEMENT OF COMPENSATION FOR USE 38
OF CAPITAL BILLED
VENTURE DISCLOSURES 39
FINANCIAL DATA SCHEDULE - FILED VIA EDGAR
NOTE: Dollar figures in this report are shown in thousands unless otherwise
noted.
<PAGE>
4
<TABLE>
ANNUAL REPORT OF GPU NUCLEAR, INC.
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the Company as of December 31 of the current and prior year.
<CAPTION>
ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31
CURRENT PRIOR
SERVICE COMPANY PROPERTY
<S> <C> <C> <C>
101 Service company property (Schedule II) $ 38 $ 38
107 Construction work in progress (Schedule II) - -
Total Property 38 38
108 Less accumulated provision for depreciation
and amortization of service company
property (Schedule III) - -
Net Service Company Property 38 38
INVESTMENTS
123 Investments in associate companies (Schedule IV) - -
124 Other investments (Schedule IV) 728 406
Total Investments 728 406
CURRENT AND ACCRUED ASSETS
131 Cash - -
134 Special deposits 498 470
135 Working funds 14 33
136 Temporary cash investments (Schedule IV) - -
141 Notes receivable - -
143 Accounts receivable 2 433 3 102
144 Accumulated provision for uncollectible
accounts - -
146 Accounts receivable from associate
companies (Schedule V) 47 538 44 369
152 Fuel stock expenses undistributed (Schedule VI) - -
154 Materials and supplies - -
163 Stores expense undistributed (Schedule VII) - -
165 Prepayments 424 43
174 Miscellaneous current and accrued
assets (Schedule VIII) - -
Total Current and Accrued Assets 50 907 48 017
DEFERRED DEBITS
181 Unamortized debt expense - -
184 Clearing accounts 214 411
186 Miscellaneous deferred debits (Schedule IX) 831 477
188 Research, development, or demonstration
expenditures (Schedule X) - -
190 Accumulated deferred income taxes 22 050 23 827
Total Deferred Debits 23 095 24 715
TOTAL ASSETS AND OTHER DEBITS $74 768 $73 176
<PAGE>
5
ANNUAL REPORT OF GPU NUCLEAR, INC.
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the Company as of December 31 of the current and prior year.
<CAPTION>
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL AS OF DECEMBER 31
CURRENT PRIOR
PROPRIETARY CAPITAL
<S> <C> <C> <C>
201 Common stock issued (Schedule XI) $ 50 $ 50
211 Miscellaneous paid-in-capital (Schedule XI) - -
215 Appropriated retained earnings (Schedule XI) - -
216 Unappropriated retained earnings (Schedule XI) - -
Total Proprietary Capital 50 50
LONG-TERM DEBT
223 Advances from associate companies (Schedule XII) - -
224 Other long-term debt (Schedule XII) - -
225 Unamortized premium on long-term debt - -
226 Unamortized discount on long-term debt-debit - -
Total Long-term Debt - -
CURRENT AND ACCRUED LIABILITIES
231 Notes payable - -
232 Accounts payable 37 493 35 476
233 Notes payable to associate
companies (Schedule XIII) - -
234 Accounts payable to associate
companies (Schedule XIII) 20 738
236 Taxes accrued 625 781
237 Interest accrued 184 74
238 Dividends declared - -
241 Tax collections payable 116 263
242 Miscellaneous current and accrued
liabilities (Schedule XIII) 24 032 27 637
Total Current and Accrued Liabilities 62 470 64 969
DEFERRED CREDITS
253 Other deferred credits 11 572 7 447
255 Accumulated deferred investment tax credits - -
Total Deferred Credits 11 572 7 447
282 ACCUMULATED DEFERRED INCOME TAXES 676 710
TOTAL LIABILITIES AND PROPRIETARY
CAPITAL $74 768 $73 176
<PAGE>
6
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE II - SERVICE COMPANY PROPERTY
<CAPTION>
BALANCE AT RETIREMENTS OTHER BALANCE AT
BEGINNING ADDITIONS OR CHANGES 1/ CLOSE OF
DESCRIPTION OF YEAR SALES YEAR
SERVICE COMPANY PROPERTY
<S> <C> <C> <C> <C> <C>
Account
301 ORGANIZATION $ 37 $ - $ - $ - $ 37
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND RIGHT
305 STRUCTURES AND
IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT 2/ 1 - - - 1
308 OFFICE FURNITURE
AND EQUIPMENT
309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY 3/
SUB-TOTAL 38 - - - 38
107 CONSTRUCTION WORK
IN PROGRESS 4/
TOTAL $ 38 $ - $ - $ - $ 38
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
<PAGE>
7
SCHEDULE II - CONTINUED
2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE
COMPANY SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING
THE YEAR AND THE BALANCE AT THE CLOSE OF THE YEAR:
BALANCE AT
CLOSE OF
S U B A C C O U N T D E S C R I P T I O N ADDITIONS YEAR
3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY:
N/A
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
N/A
<PAGE>
8
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION AND
AMORTIZATION OF SERVICE COMPANY PROPERTY
<CAPTION>
BALANCE AT ADDITIONS BALANCE
BEGINNING CHARGED OTHER CHANGES CLOSE OF
DESCRIPTION OF YEAR TO RETIREMENTS ADD (DEDUCT)1/ YEAR
ACCOUNT 403
Account
<S> <C>
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND RIGHTS
305 STRUCTURES AND
IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT
308 OFFICE FURNITURE
AND FIXTURES
309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
N/A
</TABLE>
<PAGE>
9
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE IV - INVESTMENTS
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124, "Other Investments", state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount, etc.
Under Account 136, "Temporary Cash Investments", list each
investment separately.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES
NONE
ACCOUNT 124 - OTHER INVESTMENTS
COMPANY OWNED LIFE INSURANCE - $ 303 $ 303
CASH SURRENDER VALUE
RABBI TRUST 103 103
HEALTH CARE RESERVE - 322
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS
NONE
TOTAL $ 406 $ 728
<PAGE>
10
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable
from each associate company. Where the service company has
provided accommodation or convenience payments for associate
companies, a separate listing of total payments for each
associate company by subaccount should be provided.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES
JERSEY CENTRAL POWER & LIGHT COMPANY $ 30 245 $ 34 516
METROPOLITAN EDISON COMPANY 9 247 7 462
PENNSYLVANIA ELECTRIC COMPANY 4 877 4 842
GPU GENERATION, INC. - 605
GPU INTERNATIONAL, INC. - 113
TOTAL $44 369 $ 47 538
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
NONE
<PAGE>
11
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to fuel stock expenses during the year and indicate amount
attributable to each associate company. Under the section
headed "Summary" listed below give an overall report of the
fuel functions performed by the service company.
D E S C R I P T I O N LABOR EXPENSES TOTAL
ACCOUNT 152 - FUEL STOCK EXPENSES UNDISTRIBUTED
NONE
SUMMARY:
<PAGE>
12
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to stores expense during the year and indicate amount
attributable to each associate company.
D E S C R I P T I O N LABOR EXPENSES TOTAL
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED $ 6 172 $ 1 694 $ 7 866
JERSEY CENTRAL POWER & LIGHT CO. (3 985) (917) (4 902)
METROPOLITAN EDISON CO. (1 458) (518) (1 976)
PENNSYLVANIA ELECTRIC CO. (729) (259) (988)
NOTE: Stores expenses are billed back to the
associated companies in the month incurred.
TOTAL $ - $ - $ -
<PAGE>
13
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE VIII
MISCELLANEOUS CURRENT AND ACCRUED ASSETS
INSTRUCTIONS: Provide detail of items in this account. Items less than
$10,000 may be grouped, showing the number of items in each
group.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
ACCOUNT 174 - MISCELLANEOUS CURRENT AND ACCRUED
ASSETS
NONE
<PAGE>
14
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
INSTRUCTIONS: Provide detail of items in this account. Items less than
$10,000 may be grouped by class showing the number of items in
each class.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS
Payments made to vendors which
will be distributed to various
expense accounts in subsequent
months $ 82 $ 274
Restricted Stock Program - Deferral 361 520
Babcock & Wilcox Owners' Group -
Deferred Costs 15 17
Provide Services to Public Service
of Colorado in connection with
Ft. St. Vrain - Deferred Costs 10 10
Provide support to GPU International
in connection with Onondoga project -
Deferred Costs 9 10
TOTAL $ 477 $ 831
<PAGE>
15
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE X
RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
INSTRUCTIONS: Provide a description of each material research, development,
or demonstration project which incurred costs by the service
corporation during the year.
D E S C R I P T I O N AMOUNT
ACCOUNT 188-RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES
ALWR Program Support $ 309
BWR Owners Group Activities 308
EPRI R&D Program 295
Reactor Vessel Annealing Project 33
EPRI - Steam Gen. Reliability Program 14
B&W Owners Group Activities 8
Other 2
Jersey Central Power & Light Company (663)
Metropolitan Edison Company (204)
Pennsylvania Electric Company (102)
NOTE: Research and development expenses are
billed back to the associate companies
in the month incurred.
TOTAL $ -
<PAGE>
<TABLE>
16
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE XI - PROPRIETARY CAPITAL
<caption)
NUMBER OF PAR OR STATED
ACCOUNT NUMBER CLASS OF STOCK SHARES VALUE OUTSTANDING CLOSE OF PERIOD
AUTHORIZED PER SHARE NO. OF SHARES TOTAL AMOUNT
<S> <C> <C> <C> <C> <C>
201 COMMON STOCK ISSUED 2 500 $20* 2 500 $50
INSTRUCTIONS: Classify amounts in each account with brief explanation, disclosing the general nature of
transactions which gave rise to the reported amounts.
<CAPTION>
D E S C R I P T I O N AMOUNT
<S> <C> <C>
ACCOUNT 211 - MISCELLANEOUS PAID-IN CAPITAL NONE
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS NONE
INSTRUCTIONS: Give particulars concerning net income or (loss) during the year, distinguishing between
compensation for the use of capital owed or net loss remaining from servicing nonassociates per
the General Instructions of the Uniform System of Accounts. For dividends paid during the year
in cash or otherwise, provide rate percentage, amount of dividend, date declared and date paid.
<CAPTION>
BALANCE AT NET INCOME BALANCE AT
D E S C R I P T I O N BEGINNING OR DIVIDENDS CLOSE OF
OF YEAR (LOSS) PAID YEAR
<S> <C>
ACCOUNT 216 - UNAPPROPRIATED RETAINED EARNINGS
NONE
* In Whole Dollars
<PAGE>
17
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE XII- LONG-TERM DEBT
INSTRUCTIONS: Advances from associate companies should be reported separately for advances on notes, and advances on
open account. Names of associate companies from which advances were received shall be shown under the
class and series of obligation column. For Account 224 - Other long term debt provide the name of
creditor company or organization, terms of the obligation, date of maturity, interest rate, and the
amount authorized and outstanding.
<CAPTION>
TERMS OF OBLIG DATE BALANCE AT BALANCE AT
NAME OF CREDITOR CLASS & SERIES OF INTEREST AMOUNT BEGINNING 1/ CLOSE
OF OBLIGATION MATURITY RATE AUTHORIZED OF YEAR ADDITIONS DEDUCTIONS OF YEAR
<S> <C>
ACCOUNT 223 - ADVANCES FROM ASSOCIATE
COMPANIES:
NONE
ACCOUNT 224 - OTHER LONG-TERM DEBT:
NONE
1/ GIVE AN EXPLANATION OF DEDUCTIONS:
</TABLE>
<PAGE>
18
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
INSTRUCTIONS: Provide balance of notes and accounts payable to each
associate company. Give description and amount of
miscellaneous current and accrued liabilities. Items less
than $10,000 may be grouped, showing the number of items in
each group.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE COMPANIES
NONE
ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE
COMPANIES
GPU SERVICE, INC. $ 737 $ 19
GPU, INC. 1 1
TOTAL $ 738 $ 20
ACCOUNT 242 - MISCELLANEOUS CURRENT AND ACCRUED
LIABILITIES
ACCRUALS - OFFICERS DEFERRED COMPENSATION $ 1 657 $ 2 017
- INSURANCE 1 817 595
- VACATION PAY 11 137 10 792
- SICK PAY 943 933
- BONUS PAY/INCENTIVE COMPENSATION 12 082 8 857
- SEVERANCE PAY - 837
- OTHER ACCRUED LIABILITIES 1 1
TOTAL $27 637 $24 032
<PAGE>
19
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes regarding the
financial statements or any account thereof. Furnish
particulars as to any significant contingent assets or
liabilities existing at the end of the year. Notes relating to
financial statements shown elsewhere in this report may be
indicated here by reference.
NONE
<PAGE>
20
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE XV
STATEMENT OF INCOME
ACCOUNT D E S C R I P T I O N CURRENT YEAR PRIOR YEAR
INCOME
457 Services rendered to associate companies $408 329 $383 077
458 Services rendered to nonassociate
companies 1 421 935
421 Miscellaneous income or loss 123 22
Total Income 409 873 384 034
EXPENSE
920 Salaries and wages 131 569 130 956
921 Office supplies and expenses 110 439 93 334
922 Administrative expense transferred -
credit 1 155 2 395
923 Outside services employed 88 496 102 061
924 Property insurance 22 67
925 Injuries and damages 1 109 1 615
926 Employee pensions and benefits 48 573 28 071
928 Regulatory commission expense - -
930.1 General advertising expenses - -
930.2 Miscellaneous general expenses 9 785 7 073
931 Rents 8 752 7 194
932 Maintenance of structures and equipment - -
403 Depreciation and amortization expense - -
408 Taxes other than income taxes 9 162 9 064
409 Income taxes (1 618) (387)
410 Provision for deferred income taxes 8 884 10 598
411 Provision for deferred income taxes -
credit (7 142) (9 125)
411.5 Investment tax credit - -
426.1 Donations 153 200
426.5 Other deductions 265 726
427 Interest on long-term debt - -
430 Interest on debt to associate
companies - -
431 Other interest expense 269 192
Total Expense 409 873 384 034
Net Income or (Loss) $ - $ -
<PAGE>
21
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
ANALYSIS OF BILLING
ASSOCIATE COMPANIES
ACCOUNT 457
DIRECT INDIRECT COMPENSATION TOTAL
COSTS COSTS FOR USE AMOUNT
NAME OF ASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL BILLED
457-1 457-2 457-3
NUCLEAR RELATED ACTIVITIES
GPU SERVICE, INC. $ 311 $ - $ - $ 311
GPU GENERATION, INC. 818 93 - 911
JERSEY CENTRAL POWER
& LIGHT COMPANY 251 552 25 573 - 277 125
METROPOLITAN EDISON COMPANY 72 175 9 770 - 81 945
PENNSYLVANIA ELECTRIC COMPANY 37 404 4 697 - 42 101
SAXTON NUCLEAR EXP. CORP. 3 525 125 - 3 650
SUBTOTAL 365 785 40 258 - 406 043
NON-NUCLEAR RELATED ACTIVITIES
GPU GENERATION, INC. 1 440 253 - 1 693
JERSEY CENTRAL POWER
& LIGHT COMPANY 92 17 - 109
METROPOLITAN EDISON COMPANY 69 12 - 81
PENNSYLVANIA ELECTRIC COMPANY 166 237 - 403
SUBTOTAL 1 767 519 - 2 286
TOTAL $367 552 $40 777 - $408 329
<PAGE>
<TABLE>
22
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES
ACCOUNT 458
<CAPTION>
DIRECT INDIRECT COMPENSATION EXCESS
COSTS COSTS FOR USE TOTAL OR TOTAL
NAME OF NONASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL COST DEFICIENCY AMOUNT
458-1 458-2 458-3 458-4 BILLED
<S> <C> <C> <C> <C> <C> <C>
* Fort St. Vrain Project $ 573 $72 - $645 $156 $801
* Babcock & Wilcox Owners Group 36 7 - 43 1 44
* PECO Energy 51 8 - 59 (15) 44
* Framatome Tech 16 2 - 18 5 23
* Bechtel 16 2 - 18 4 22
* GTS Duratek 5 9 - 14 8 22
* Delphinus 14 - - 14 5 19
* BWR Owners Group 14 2 - 16 3 19
* Babcock & Wilcox 29 9 - 38 (20) 18
* Sandia National Lab 15 3 - 18 - 18
* Ogden Environmental 7 1 - 8 3 11
* New York Power Authority 7 1 - 8 2 10
* Barneget Township 4 - - 4 3 7
* Boston Edison 8 2 - 10 (3) 7
* Florida Power & Light 3 - - 3 3 6
* ARD/Robotic Consulting 4 1 - 5 (1) 4
* Various - Including System Lab,
Training and Newsletter 199 156 - 355 (9) 346
$1 001 $275 - $1 276 $145 $1 421
<PAGE>
23
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
<CAPTION>
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES TOTAL CHARGES FOR SERVICE
DIRECT INDIRECT DIRECT INDIRECT DIRECT INDIRECT
DESCRIPTION OF ITEMS COST COST TOTAL COST COST TOTAL COST COST TOTAL
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $120 069 $11 091 $131 160 $ 321 $ 88 $ 409 $120 390 $11 179 $131 569
921 OFFICE SUPPLIES AND EXPENSES 102 996 6 584 109 580 674 185 859 103 670 6 769 110 439
922 ADMINISTRATIVE EXPENSE
TRANSFERRED - CREDIT 312 844 1 156 (1) - (1) 311 844 1 155
923 OUTSIDE SERVICES EMPLOYED 70 114 18 373 88 487 7 2 9 70 121 18 375 88 496
924 PROPERTY INSURANCE - 22 22 - - - - 22 22
925 INJURIES AND DAMAGES 986 123 1 109 - - - 986 123 1 109
926 EMPLOYEE PENSIONS AND BENEFITS 46 106 2 467 48 573 - - - 46 106 2 467 48 573
928 REGULATORY COMMISSION EXPENSE - - - - - - - - -
930.1 GENERAL ADVERTISING EXPENSES - - - - - - - - -
930.2 MISCELLANEOUS GENERAL EXPENSES 9 748 37 9 785 - - - 9 748 37 9 785
931 RENTS 8 711 41 8 752 - - - 8 711 41 8 752
932 MAINTENANCE OF STRUCTURES AND
EQUIPMENT - - - - - - - - -
403 DEPRECIATION AND AMORTIZATION
EXPENSE - - - - - - - - -
408 TAXES OTHER THAN INCOME TAXES 8 362 800 9 162 - - - 8 362 800 9 162
409 INCOME TAXES - (1 618) (1 618) - - - - (1 618) (1 618)
410 PROVISION FOR DEFERRED INCOME
TAXES - 8 884 8 884 - - - - 8 884 8 884
411 PROVISION FOR DEFERRED INCOME
TAXES - CREDIT - (7 142) (7 142) - - - - (7 142) (7 142)
411.5 INVESTMENT TAX CREDIT - - - - - - - - -
426.1 DONATIONS 151 2 153 - - - 151 2 153
426.5 OTHER DEDUCTIONS 265 - 265 - - - 265 - 265
427 INTEREST ON LONG-TERM DEBT - - - - - - - - -
431 OTHER INTEREST EXPENSE - 269 269 - - - - 269 269
INSTRUCTION: Total cost of service will equal
for associate and nonassociate
companies the total amount
billed under their separate
analysis of billing schedules.
TOTAL EXPENSES = 367 820 40 777 408 597 1 001 275 1 276 368 821 41 052 409 873
COMPENSATION FOR USE OF
EQUITY CAPITAL = - - - - - - - - -
430 INTEREST ON DEBT TO ASSOCIATE
COMPANIES = - - - - - - - - -
TOTAL COST OF SERVICE = $367 820 $40 777 $408 597 $1 001 $275 $1 276 $368 821 $41 052 $409 873
<PAGE>
24
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
D E P A R T M E N T OR S E R V I C E F U N C T I O N
<CAPTION>
TOTAL OFFICE OF OYSTER THREE MILE
D E S C R I P T I O N O F I T E M S AMOUNT OVERHEAD PRESIDENT CREEK ISLAND
<S> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $131 569 $11 179 $ 3 318 $30 592 $24 014
921 OFFICE SUPPLIES AND EXPENSES 110 439 6 769 1 098 11 216 5 878
922 ADMINISTRATIVE EXPENSE TRANSFERRED -
CREDIT 1 155 844 106 - 2
923 OUTSIDE SERVICES EMPLOYED 88 496 18 375 739 9 718 4 270
924 PROPERTY INSURANCE 22 22 - - -
925 INJURIES AND DAMAGES 1 109 123 29 238 212
926 EMPLOYEE PENSIONS AND BENEFITS 48 573 2 467 792 6 480 5 757
928 REGULATORY COMMISSION EXPENSE - - - - -
930.1 GENERAL ADVERTISING EXPENSE - - - - -
930.2 MISCELLANEOUS GENERAL EXPENSES 9 785 37 1 147 4 14
931 RENTS 8 752 41 20 775 401
932 MAINTENANCE OF STRUCTURES AND
EQUIPMENT - - - - -
403 DEPRECIATION AND AMORTIZATION
EXPENSE - - - - -
408 TAXES OTHER THAN INCOME TAXES 9 162 800 257 2 099 1 873
409 INCOME TAXES (1 618) (1 618) - - -
410 PROVISION FOR DEFERRED INCOME TAXES 8 884 8 884 - - -
411 PROVISION FOR DEFERRED INCOME TAXES
- CREDIT (7 142) (7 142) - - -
411.5 INVESTMENT TAX CREDIT - - - - -
426.1 DONATIONS 153 2 124 - -
426.5 OTHER DEDUCTIONS 265 - 173 - 1
427 INTEREST ON LONG-TERM DEBT - - - - -
430 INTEREST ON DEBT TO ASSOCIATE
COMPANIES - - - - -
431 OTHER INTEREST EXPENSE 269 269 - - -
INSTRUCTION: Indicate each department or
service function. (See Instruc-
tion 01-3 General Structure of
Accounting System: Uniform
System Account)
TOTAL EXPENSES = $409 873 $41 052 $ 7 803 $61 122 $42 422
</TABLE>
<PAGE>
25
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
D E P A R T M E N T OR S E R V I C E F U N C T I O N
NUCLEAR SAFETY FINANCIAL HUMAN
ACCOUNT & TECHNICAL & PLANNING & ADMIN
NUMBER ENGINEERING SERVICES SERVICES SERVICES
920 $27 228 $21 383 $ 5 072 $ 8 783
921 26 599 3 650 51 366 3 863
922 2 245 365 (2 296) (111)
923 31 678 3 811 2 527 17 378
924 - - - -
925 236 195 6 70
926 6 414 5 468 18 477 2 718
928 - - - -
930.1 - - - -
930.2 42 9 066 (11) (514)
931 674 129 6 835 (123)
932 - - - -
403 - - - -
408 1 837 1 623 52 621
409 - - - -
410 - - - -
411 - - - -
411.5 - - - -
426.1 - 3 25 (1)
426.5 - 2 89 -
427 - - - -
430 - - - -
431 - - - -
TOTAL = $96 953 $45 695 $82 142 $32 684
<PAGE>
<TABLE>
26
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
DEPARTMENTAL ANALYSIS OF SALARIES
ACCOUNT 920
<CAPTION>
DEPARTMENTAL SALARY EXPENSE NUMBER
NAME OF DEPARTMENT INCLUDED IN AMOUNTS BILLED TO PERSONNEL
Indicate each department TOTAL PARENT OTHER NON END OF
or service function. AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR
<S> <C> <C> <C> <C> <C>
Office of President $ 5 799 - $ 5 707 $ 92 29
Oyster Creek 30 675 - 30 675 - 354
Three Mile Island 24 036 - 24 035 1 384
Engineering 28 942 - 28 798 144 401
Nuclear Safety & Technical
Services 24 442 - 24 270 172 334
Financial & Planning Services 7 133 - 7 133 - 128
Human & Administrative Services 10 542 - 10 542 - 220
TOTAL $131 569 - $131 160 $ 409 1 850
<PAGE>
27
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If
the aggregate amounts paid to any one payee and included within one
subaccount is less than $100,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
<CAPTION>
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
<S> <C> <C> <C>
Auditing
1 Firm (Less than $100,000) Not applicable. NA $ 25
Subtotal 25
Legal
Shaw, Pittman, Potts Legal fees associated with Oyster NA 568
& Trowbridge Creek and TMI-1 licensing.
11 Firms (Less than $100,000) Not applicable. NA 297
Subtotal 865
Engineering
American Crane & Equipment Design engineering. NA 307
Babcock & Wilcox Nuclear
Technologies Genetic license renewal application. NA 280
Bryce Saylor & Sons Saxton site preparations. NA 348
EQE Engineering Consultants Heavy lift analysis. NA 309
Framatome Cogema Fuels Nuclear fuel evaluation. NA 111
Framatome Technologies B&W Owners Group project management
responding to regulatory issues and
owners group managed projects. NA 1 767
J. Davis Consultants Refueling outage integrated NA 287
scheduling.
Les Engineering Services Design engineering. NA 230
<PAGE>
27A
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If
the aggregate amounts paid to any one payee and included within one
subaccount is less than $100,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
<CAPTION>
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
<S> <C> <C> <C>
Engineering (Continued)
MPR Associates Design engineering. NA 295
Parsons Power Group Electrical systems. NA 229
Vectra Technologies Design Engineering. NA 493
33 Firms (Less than $100,000) Not applicable. NA 653
Subtotal 5 309
Other Professional/Outside Services
ATTSI Oyster Creek simulator system
services. NA 111
Barksdale Controls Division Oyster Creek refueling outage. NA 14 753
Bartlett Nuclear Refueling outage support. NA 1 251
Bently Nevada Design engineering. NA 104
Brady & Associates Senior staff team building and
executive coaching. NA 257
Burson Marsteller TMI-2 communications. NA 104
Cannon Sline Install ISO condenser corrosion
protection. NA 198
Chem-Nuclear Systems Radwaste removal. NA 2 030
Chris Andersen Roofing Install new roof fan. NA 244
Continental Field Machining Turbine rotor installation. NA 192
<PAGE>
27B
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If
the aggregate amounts paid to any one payee and included within one
subaccount is less than $100,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
<CAPTION>
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
Other Professional/Outside Services (Continued)
<S> <C> <C> <C>
C. W. Allen Associates Design engineering. NA 124
Dave's Office Installations Building services. NA 131
Diversified Environmental
Services Operations support - TMI-2 monitored
storage. NA 159
Electric Power Research
Institute Reactor vessel and internals project. NA 578
General Electric Oyster Creek refueling outage. NA 15 085
GPU Generation Plant maintenance. A 788
GPU Service Corporate and information services. A 17 101
G. R. Sponaugle & Sons Renovate control tower. NA 129
GTS Duratek Refueling outage support. NA 329
The Hartford Steam Boiler ISI and RCS inspections. NA 194
IMC International Calibration lab operations. NA 122
Interstate Nuclear Services Station services outage support. NA 362
ITI Movats TMI-1 maintenance. NA 116
J. Givoo Consultants Plant maintenance. NA 452
Mark C. Bitting TMI siren system upgrade. NA 182
<PAGE>
27C
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If
the aggregate amounts paid to any one payee and included within one
subaccount is less than $100,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
<CAPTION>
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
Other Professional/Outside Services (Continued)
<S> <C> <C> <C>
Master-Lee Energy Services Main condenser eddy current testing. NA 235
Mechanical Dynamics &
Analysis Turbine inspection. NA 183
Miller & Chitty Reactor coolant drain line. NA 136
MQS Inspection Titus turbine inspection. NA 122
NPS Energy Services Turbine inspection. NA 1 252
Pavex Route 441 improvements. NA 155
Pennsylvania State University Laser technology for decontamination. NA 152
Pinkerton Computer
Consultants Computer training. NA 111
Raytheon Nuclear Refueling outage support. NA 12 164
Rochester Gas & Electric Oyster Creek quality control. NA 256
Ryan Nuclear TMI simulator enhancements. NA 414
Science Applications
International Oyster Creek computer upgrade. NA 109
Scientific Ecology Group TMI-1 radwaste solidification. NA 2 900
S. G. Pinney & Associates Torus costing inspection and repair. NA 234
The Spear Group Refueling outage integrated
scheduling. NA 111
<PAGE>
27D
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If
the aggregate amounts paid to any one payee and included within one
subaccount is less than $100,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
<CAPTION>
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
Other Professional/Outside Services (Continued)
<S> <C> <C> <C>
Strategic Decision Group Corporate strategic planning. NA 226
Structural Integrity
Associates Membership on General Office
Review Board. NA 159
Technology Support Services Refueling outage integrated
scheduling. NA 108
U.S. Nuclear Regulatory
Commission Regulatory fees. NA 236
Vanstar Computer leases and maintenance. NA 240
The Virginia Corp. of
Richmond ISI and RCS inspections. NA 383
Visual Inspection
Technologies Robotic camera services. NA 111
Westinghouse Electric Plant maintenance. NA 556
Xerox Reprographics services. NA 267
Yis TMI instrumentation maintenance. NA 124
711 Firms
(Less than $100,000) Not applicable. NA 6 062
3 Firms (Less than $100,000) Not applicable. A 195
Subtotal 82 297
TOTAL $88 496
</TABLE>
<PAGE>
28
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
EMPLOYEE PENSIONS AND BENEFITS
ACCOUNT 926
INSTRUCTIONS: Provide a listing of each pension plan and benefit program
provided by the service company. Such listing should be limited
to $25,000.
D E S C R I P T I O N AMOUNT
VOLUNTARY ENHANCED RETIREMENT PROGRAMS $19 229
HOSPITAL, SURGICAL, MEDICAL AND DENTAL INSURANCE 8 830
O.P.E.B. - HEALTH INSURANCE 6 862
PENSION PLAN 6 812
EMPLOYEE SAVINGS PLAN 3 610
LONG-TERM DISABILITY 862
O.P.E.B. - LIFE INSURANCE 827
CAFETERIA SUPPLEMENT 596
EMPLOYEE ASSOC. & ACTIVITIES 301
EDUCATIONAL REIMBURSEMENT 226
LIFE INSURANCE 142
EMPLOYEE ASSISTANCE PROGRAM 121
OTHER BENEFITS (Under $25,000) 155
TOTAL $48 573
<PAGE>
29
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
GENERAL ADVERTISING EXPENSES
ACCOUNT 930.1
INSTRUCTIONS: Provide a listing of the amount included in Account 930.1,
"General Advertising Expenses", classifying the items according
to the nature of the advertising and as defined in the account
definition. If a particular class includes an amount in excess
of $3,000 applicable to a single payee, show separately the name
of the payee and the aggregate amount applicable thereto.
D E S C R I P T I O N NAME OF PAYEE AMOUNT
NONE
TOTAL -
<PAGE>
30
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
MISCELLANEOUS GENERAL EXPENSES
ACCOUNT 930.2
INSTRUCTIONS: Provide a listing of the amount included in Account 930.2,
"Miscellaneous General Expenses", classifying such expenses
according to their nature. Payments and expenses permitted by
Section 321 (b) (2) of the Federal Election Campaign Act, as
amended by Public Law 94-283 in 1976 (2 U.S.C.S. 441 (b) (2)
shall be separately classified.
D E S C R I P T I O N AMOUNT
Licenses
United States Nuclear Regulatory Commission $ 7 085
PA Department of Environmental Resources 400
PA Emergency Management Agency 200
Other 163
Dues and Memberships 1 110
Regulatory Fees
Federal Emergency Management Agency 827
TOTAL $ 9 785
<PAGE>
31
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
RENTS
ACCOUNT 931
INSTRUCTIONS: Provide a listing of the amount included in Account 931,
"Rents", classifying such expenses by major groupings of
property, as defined in the account definition of the Uniform
System of Accounts.
T Y P E O F P R O P E R T Y AMOUNT
BUILDINGS AND TRAILERS $ 3 513
COMPUTERS 3 024
DUPLICATING EQUIPMENT 711
MOBILE EQUIPMENT 222
TELECOMMUNICATIONS SYSTEM 27
MISCELLANEOUS 1 255
TOTAL $ 8 752
<PAGE>
32
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
TAXES OTHER THAN INCOME TAXES
ACCOUNT 408
INSTRUCTION: Provide an analysis of Account 408, "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other than
U.S. Government taxes, and (2) U.S. Government taxes. Specify
each of the various kinds of taxes and show the amounts thereof.
Provide a subtotal for each class of tax.
K I N D O F T A X AMOUNT
(1) OTHER THAN U.S. GOVERNMENT TAXES
Pennsylvania Unemployment Insurance $ 138
New Jersey Unemployment Insurance 221
Sales and Use Tax (Pennsylvania) (248)
Sub Total 111
(2) TAXES - U.S. GOVERNMENT
FICA 8 929
Federal Unemployment Insurance 122
Sub Total 9 051
TOTAL $ 9 162
<PAGE>
33
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
DONATIONS
ACCOUNT 426.1
INSTRUCTION: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose. The
aggregate number and amount of all items of less than $3,000 may
be shown in lieu of details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
UNITED WAY COMMUNITY SERVICES 8
52 ORGANIZATIONS (LESS THAN $3,000) COMMUNITY SERVICES 27
PENN STATE UNIVERSITY EDUCATION 27
MILLERSVILLE UNIVERSITY EDUCATION 4
12 ORGANIZATIONS (LESS THAN $3,000) EDUCATION 12
LONDONDERRY VOLUNTEER FIRE COMPANY EMERGENCY AND HEALTH SERVICES 4
29 ORGANIZATIONS (LESS THAN $3,000) EMERGENCY AND HEALTH SERVICES 29
VARIOUS ACTIVITIES OTHER 42
TOTAL $153
<PAGE>
34
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
OTHER DEDUCTIONS
ACCOUNT 426.5
INSTRUCTIONS: Provide a listing of the amount included in
Account 426.5, "Other Deductions",
classifying such expenses according to
their nature.
D E S C R I P T I O N NAME OF PAYEE AMOUNT
LOBBYING EXPENSE EMPLOYEE WAGES &
EXPENSES $ 231
OTHER CIVIC ACTIVITIES VARIOUS 34
TOTAL $ 265
<PAGE>
35
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SCHEDULE XVIII
NOTES TO STATEMENT OF INCOME
INSTRUCTIONS: The space below is provided for important notes regarding the
statement of income or any account thereof. Furnish particulars
as to any significant increase in services rendered or expenses
incurred during the year. Notes relating to financial
statements shown elsewhere in this report may be indicated here
by reference.
NONE
<PAGE>
36
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
ORGANIZATION CHART
________________________________________
| |
| |
____| |
| | BOARD OF DIRECTORS |
|____| |
| |________________________________________|
| | |
|___| PRESIDENT |
| |________________________________________|
| | |
|-| V.P. OYSTER CREEK |
| |________________________________________|
|_| |
| | V.P. THREE MILE ISLAND |
| |________________________________________|
|_| |
| | V.P. ENGINEERING |
| |________________________________________|
|_| |
| |V.P. NUCLEAR SAFETY & TECHNICAL SERVICES|
| |________________________________________|
|_| |
| | V.P. FINANCIAL & PLANNING SERVICES |
| |________________________________________|
|_| |
| | V.P. HUMAN & ADMINISTRATIVE SERVICES |
|_|________________________________________|
<PAGE>
37
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
METHODS OF ALLOCATION
The allocation of expenses not directly attributable to a particular nuclear
station are based, by division, on the direct charging of that division's
manpower. When corporate costs have been allocated to the plants, a fixed
rate is calculated to apply to total direct costs. This rate is derived by
dividing the estimated corporate costs by the estimated plant direct costs.
The overhead rate is reviewed periodically and revised as appropriate to fully
allocate costs by year-end.
<PAGE>
38
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
NONE
<PAGE>
39
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
Pursuant to the provisions contained in the SEC order dated September 14, 1990
for SEC File No. 70-7720, GPU Nuclear provided certain laboratory services to
Jersey Central Power & Light Company, Metropolitan Edison Company and
Pennsylvania Electric Company in 1996 in support of their generating stations,
transmission and distribution divisions and other non-nuclear functions.
Revenues realized in 1995 from providing these services are shown separately
under "Non-Nuclear Related Activities" on page 21 of this report.
Pursuant to the provisions contained in the Securities and Exchange Commission
(SEC) orders dated August 29, 1990 for SEC File No. 70-7675, January 31, 1993
for SEC File No. 70-7905, May 21, 1993 for SEC File No. 70-8115 and October
17, 1994 for SEC File No. 70-8393, the following are descriptions of services
provided to Non-Affiliated Entities. Revenues realized in 1996 from providing
these services are shown separately on page 22 of this report.
Brief Descriptions of Services Rendered to Nonassociated Companies
Nonassociated Company Description
Fort St. Vrain Provide consulting services in connection
with the final radiation survey for Public
Service of Colorado's proposed
decommissioning plan for its Fort St.
Vrain nuclear facility.
B&W Owners Group Provide Program Director for B&W plant
generic license renewal program.
Philadelphia Electric Company Environmental lab services.
Framatome Technologies Provide eddy current testing and analysis.
Bechtel Provide consulting services on water
clarity issues.
GTS Duratek Provide metallurgical/failure analysis.
Delphinus Provide consulting services for
decontamination and decommissioning
technology selection.
BWR Owners Group Provide Chairman, Boiling Water Reactor
Owners Group.
Babcock & Wilcox Provide replication techniques and
metallurgical services to B&W Owners Group
plants.
Ogden Environmental Provide training on turbine control
system.
<PAGE>
39A
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
Brief Descriptions of Services Rendered to Nonassociated Companies
Nonassociated Company Description
Barneget Township Provide video servives of Barneget
Township wetlands.
Boston Edison Provide "ETUDE" training data base system.
Florida Power & Light Provide Instrumentaiton & Control support
for Crystal River Plant power upgrade
study.
ARD/Robotic Consulting Provide robotics operator for the D.C.
Cook Nuclear Plant.
Sandia Laboratories Provide services related to the Rocky
Flats decommissioning.
New York Power Authority Provide determination of equipment
qualification temperature profile in
Fitzpatrick Nuclear Station turbine
building.
Various Includes various chemical/material
laboratory analyses, health newsletter
sales, souvenir and tour revenues.
<PAGE>
ANNUAL REPORT OF GPU NUCLEAR, INC.
For the Year Ended December 31, 1996
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935 and the rules and regulations of the Securities and Exchange
Commission issued thereunder, the undersigned company has duly caused this
report to be signed on its behalf by the undersigned officer thereunto duly
authorized.
GPU NUCLEAR, INC.
(Name of Reporting Company)
By: /s/ P. E. Maricondo
(Signature of Signing Officer)
P. E. Maricondo, V. P. Financial & Planning Services
(Printed Name and Title of Signing Officer)
Date: April 17, 1997
<PAGE>
<TABLE> <S> <C>
<ARTICLE> OPUR2
<CIK> 0000722766
<NAME> GPU NUCLEAR, INC.
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<EXCHANGE-RATE> 1
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 38
<TOTAL-INVESTMENTS> 728
<TOTAL-CURRENT-ASSETS> 50,907
<TOTAL-DEFERRED-DEBITS> 23,095
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 74,768
<TOTAL-PROPRIETARY-CAPITAL> 50
<TOTAL-LONG-TERM-DEBT> 0
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0
<OTHER-CURR-AND-ACCRUED-LIAB> 62,470
<TOTAL-DEFERRED-CREDITS> 11,572
<DEFERRED-INCOME-TAX> 676
<TOT-LIABIL-AND-PROPRIET-CAP> 74,768
<SERVICES-ASSOCIATE-COMPANIES> 408,329
<SERVICES-NON-ASSOCIATE-COMP> 1,421
<MISC-INCOME-OR-LOSS> 123
<TOTAL-INCOME> 409,873
<SALARIES-AND-WAGES> 131,569
<EMPLOYEE-PENSION-AND-BENEFIT> 48,573
<OTHER-EXPENSES> 229,731
<TOTAL-EXPENSES> 409,873
<NET-INCOME> 0
<TOTAL-EXPENSES-DIRECT-COST> 368,821
<TOTAL-EXPENSES-INDIRECT-COST> 41,052
<TOT-EXP-DIRECT-AND-INDIRECT> 409,873
<PERSONNEL-END-OF-YEAR> 1,846
<FN>
</FN>
<PAGE>
</TABLE>
|
|