ILLINOIS POLLUTION

CONTROL

BOARD

FEB ~O2

PEOPLE OF THE STATE OF ILLINOIS

)

SThTE

OF

poUutton

Co

Complainant,

)

)

v.

)

PCB 04-8 1

)

)

)

)

EMMETT UTILITIES, NC.

an Illinois

)

Corporation, and RUSSELL D. THORELL,

)

individually and as president of EMMETT

)

UTILITIES, INC.,

)

)

)

Respondents.

)

ANSWER

OF

DEFENDANT,

EMMETT

UTILITIES, INC.

Defendant Emmett Utilities, Inc., by its attorney, John M. Myers, answers the

complaint as follows:

COUNT I

1.

This Defendant admits the allegations

contained in paragraph

1.

2.

This Defendant admits the allegations contained in paragraph 2.

3.

This Defendant admits the allegations contained in paragraph 3.

4.

This Defendant admits the allegations in the first sentence ofparagraph 4

and denies the allegations contained in the second sentence in paragraph 4.

5.

This Defendant admits the allegations contained in paragraph

5

except for

the allegation that Defendant Thorell “owns and operates a public water supply and waste

water treatment system”, which it denies.

---

6.

This Defendant admits the allegations contained in paragraph 6 except for

the last sentence thereof. Further answering, this Defendant states that the 1996

action

was dismissed, and that the 2001

action resulted in finding ofno

liability on the part of

Defendant Thorell.

7.

This Defendant admits the allegations contained in paragraph 7.

8.

This Defendant admits the allegations contained

in paragraph 8.

9.

This Defendant admits the allegations

contained in paragraph 9.

10.

This Defendant admits the allegations

contained in paragraph 10.

11.

This Defendant is without sufficient knowledge to

affirm a belief as to the

truth ofthe allegations in paragraph 11, and therefore denies them.

12.

This Defendant admits the allegations contained in paragraph 12. However,

this Defendant states that in fact the well

pump was fixed within the matter ofa couple of

days.

13

This Defendant admits that the malfunction ofthe pump resulted in a

temporary total water outage, and denies the remaining allegations in paragraph 13.

14.

This Defendant denies the allegations contained in paragraph 14.

15.

This Defendant admits the allegations contained in paragraph

15.

16.

This Defendant denies the allegations contained

in paragraph 16

COUNT II

1-12

This Defendant incorporates its answers to

paragraphs

1 through

12 of

Count I for its answers to paragraph 1-12 of Count II.

13.

This Defendant admits the allegations contained in paragraph 13.

---

14.

This Defendant

denies the allegations contained in paragraph 14.

15.

This Defendant

denies the allegations contained in paragraph

15.

16.

This Defendant denies the allegations contained in paragraph 16.

17.

This Defendant admits it was previously adjudicated in violation ofSection

18 ofthe Act and denies the remaining allegations contained in paragraph 17.

18.

This Defendant denies the allegations contained in paragraph 18.

COUNT III

1-7.

This Defendant realleges its answers to

paragraphs

1 through 7 ofCount

I

for its answers to paragraphs

1-7 of this Count III.

8.

This Defendant admits the allegations contained in paragraph 8.

9.

This Defendant admits the allegations contained in paragraph 9.

10.

This Defendant admits the allegations contained in paragraph 10.

11.

This Defendant admits the allegations contained in paragraph 11.

12.

This Defendant denies the allegations contained in paragraph 12.

13.

This Defendant denies the allegations contained in paragraph 13.

14.

This Defendant denies the allegations contained in paragraph 14.

15.

This Defendant

denies the allegations contained in paragraph

15.

16.

This Defendant

admits it was previously adjudicated in violation ofSection

18 of the Act and denies the remaining allegations contained in paragraph 16.

17.

This Defendant denies the allegations contained in paragraph 17.

---

COUNT IV

1-7.

This Defendant realleges its answers to paragraphs

1

through 7 of Count

I

for its answers to paragraphs

1-7 ofthis

Count

IV.

8-13.

This Defendant realleges its answers to paragraphs 8 through

13 ofCount

III for

its answers to

paragraphs

8-13 ofthis Count IV.

14.

This Defendant admits the allegations contained in paragraph

14.

15.

This Defendant denies the allegations

contained in paragraph

15.

16.

This Defendant denies the allegations contained in paragraph 16.

17.

This Defendant admits it was previously adjudicated in violation ofSection

18 ofthe Act and denies the remaining allegations contained in paragraph 17.

18.

This Defendant denies the allegations contained in paragraph

18.

COUNT V

1-7.

This Defendant realleges its answers to paragraphs

1

through 7 of

Count

I

for its answers to paragraphs

lthrough7 ofthis Count V.

8-13.

This Defendant realleges its answers to paragraphs

8 through

13 ofCount

III for its answers to paragraphs

8 through

13 ofthis Count V.

14.

This Defendant denies the allegations contained in paragraph 14.

WHEREFORE, Defendant demands judgment in its favor.

Respectfully

Its Attorney

---

CERTIFICATE OF SERVICE

The undersigned hereby certifies that a copy ofthe ANSWER

OF

DEFENDANT,

EMMETT UTILITIES, INC.

was served upon

all counsel ofrecord by placing same in

the United States Post Office mail box, postage prepaid in

Springfield, Illinois on

February 6, 2004

and addressed to:

Thomas Davis, Assistant Attorney General

Office ofthe Attorney General

Environmental Bureau

188 W. Randolph Street, 20th Floor

Chicago, IL

60601

Carol Sudman

Hearing Officer

Illinois Pollution Control Board

1021

North Grand Avenue East

P.O.

Box 19274

Springfield, IL 62794-9274

and that the original was filed with the Clerk ofthe Court in which said cause is pending.

---

RECEIVED

CLERK’S OFFICE

ILLiNOIS

POLLUTION

CONTROL BOARD

FEB

102004

PEOPLE OF THE STATE OF ILLINOIS

)

Pci

)

Complainant,

)

)

v.

)

PCB 04-8 1

)

)

)

EMMETT UTILITIES, INC. an Illinois

)

Corporation,

and RUSSELL D. THORELL,

)

individually and as president of EMMETT

)

UTILITIES, INC.,

)

)

)

Respondents.

)

MOTION FOR STAY OF PROCEEDINGS

Now comes, Defendants, Emmett Utilities and Russell D. Thorell, by

their

attorney, John M. Myers and move the Board to stay all further proceedings in this matter

pending resolution of Illinois Commerce

Commission proceedings,

in re: Emmett

Utilities, number 04-0065. In support ofthis motion Defendants states as follows:

1.

On February 2, 2004, Defendant Emmett Utilities, Inc filed a Petition to

Abandon and Discontinue Service with the Illinois Commerce Commission, pursuant to

Section

8-508 ofthe Public Utilities Act.

A copy ofthe petition is attached hereto as

Exhibit A.

2.

Ifthe Commerce

Commission allows the Petition to Discontinue or

Abandon Service, then the instant proceedings become moot.

---

WHEREFORE, Defendants

move the Pollution Control Board for an order staying

furtherproceedings in this matter pending the outcome of the Illinois Commerce

Commission proceedings.

John M. Myers

RABIN, MYERS,

HANKEN & DURR,

P.C.

1300

South Eighth Street

Springfield, IL 62703

217.544.5000

fax:

217.544.5017

Respectfully Submitted,

Emmett Utilities and Russell D. Thorell,

Defendants,

By:

Their

email:

jmyers~springfie1dlaw.com

---

IN THE ILLINOIS COMMERCE COMMIS~9~c~1tsc

ION

7~FEB-2P

2:51

In Re:

Emmett Utilities, Inc.

)

I

p~Hrr

~l

)

No.

Petition to Abandon and Discontinue

)

Service

)

PETITION TO ABANDON

AND

DISCONTINUE SERVICE

Emmett Utilities, Inc., by its attorneys, Rabin, Myers, Hanken & Dun,

P.C.,

hereby petitions the Illinois Commerce

Commission pursuant to

Section

8-508 ofthe

Public Utilities Act for authority to

abandon and discontinue service, and in support

thereof~states as follows:

1.

Petitioner operates a water and sewer utility in McDonough County,

Illinois,

serving 22

customers.

Petitioner is one ofthe smallest public utilities, ifnot

the

smallest public utility, in the entire State ofIllinois.

2.

Petitioner is operating

at a loss, and has been for several years.

The 2003

annual report submitted to the Commission, a copy ofwhich is attached as Exhibit A,

showed a loss of $12,893 from the water operation and $8,117 from the sewer operation.

Prior years also showed losses.

3.

Petitioner is subject to

an order from the Circuit Court ofMcDonough

County in People v. Emmet Utilities et al, No.

01-CH-2

to perform certain repairs to its

water and sewer system

to bring the system into compliance with Illinois EPA

regulations.

A copy of the order is attached as Exhibit B.

The repairs will cost well in

excess of$350,000—or $16,000 per customer.

Petitioner lacks the funds, and has

no

---

realistic prospect of obtaining credit, to perform the repairs.

The Attorney General

continues to pursue certain findings adverse to the State ofIllinois by the trial court in the

Appellate Court, at huge expense to Petitioner.

4.

Petitioner’s president and sole shareholder, Russell

D. Thorell, is elderly,

nearly indigent, and in poor health, and is unable adequately to

supervise the day-to-day

operations ofPetitioner.

Mr.

Thorell has no

prospect of selling his

shares in Petitioner to

a third party who would be willing to oversee the daily operations ofPetitioner and

undertake the repairs to

the system

set forth above.

5.

Petitioner has recently been sued by the Attorney General in the Pollution

Control Board, which sits in Chicago,

People

v.

Emmet Utilities, Inc.,

et al.,

No. PCB 04-

81.

Petitioner lacks the funds to defend a lawsuit in Chicago, or to hire the engineers to

develop the technical data necessary to

defend the suit, which seeks substantial fines

against Petitioner.

6.

Under these circumstances, it is physically and financialy impossible for

Petitioner to

continue service.

-2-

---

WHEREFORE, Petitioner requests the Commission to enter an order:

a.

Allowing it to

discontinue service;

b.

Allowing it to

abandon service;

c.

And for such other and further relief as the Commission deems appropriate.

Respectfully Submitted,

EMMETT U)~tITIES,INC.

By:_____

One ofits attorneys

John M. Myers

RABIN, MYERS, HANKEN & DURR, P.C.

1300

South Eighth Street

Springfield, IL 62703

217.544.5000

fax:

217.544.5017

email:

jmyers~springfieldlaw.com

-3-

---

ó0RM22

ILCC

.

ANNUAL

REPORT

OF

WATER ANDIOR

SEWER

ILLINOIS

COMMISSION

Year of Report

December31,

2OQ~

Exact Legal

Name of

Respondent (Company)

EMMETT

UTILITIES,

INC.

This agencyis

requesting

disclosure of information that

is necessary to accomplish the statutory purpose as

outlined in Section

5-109 ofthe Public Utilities

Act

1220 ILCS 5/5-109) (Ill. t~ev.

Stat. 1991,

Chapt

111 2/3, Par. 5-109). Disclosure

of this iriforniation is PEQUIRED.

Failure to provide any

information

could result in a fine of $100 per

day

under Section 5-109 of the Public Utilities Act.

Printed by authority of the State

of Illinois

65 copies

—

December2003—4 14r

I~~’TI

.

---

UTILITY

1LAME

Yearof Report

ENMETT UTILITIES,

INC.

Dec.31

2003

CERTIHCATION

STATEO~

-

ILLINOIS

COUNTYOF

—

HENDERSON

(Name of 4ff/ant)

—

makes

oath and says that he

~

RUSSELL

ID.

THORILL

(Official

The

of Affiant)

PRESIDENT

EMMETT

UTILITIES,

INC.

of

(Exact Legal Title or Name of Respondent)

—

that he/she has examined the

following report; that to the

best of his/her knowledge, information,

and belief,

all statements

of fact contained in the

said

report is

a correct statement of the business affairs of the above named

respondent in respect to each and every matter set forth therein during the

period fron’i and

including January 1,20

0

3to and including

December 31,

(Signature ofAffiant)

Subscribed and

sworn to before me,

a

n and for the

State and County named, this 2~2~Jay

of

~

.22~1

y

Commissi

n expires

~

~

-

/

“7~ignature

otl~OathAd

ister)

-

TMOFF1CIAL

SEAL’

MOLLY M. JONES

Notary Public, State of Illinois

My Commission

Exp. 09/05/2005

4

Page

1

---

UTILITY

).JAME

Year of Report

EMMETT

UTILITIES,

INC.

Dec.31,

7flfl~

Name

and

address

of

person to whom correspondence concerning this report should be

addressed:

I

—

RUSSELL

D.

THORELL

RR#2

BOX

58N

OQU~K1~, IL

61469

309—867—2387

—

Telephone

____________

List below the address of where

the utility’s books

and

records are located:

—

RR#2 BOX

58N

—

OQUAWKA,

IL

61469

Date

of

original organization of the

utility:

0 2

/

1 7

/

1983

List below the

names, titles and

compensation/salary of each:

OFFICERS

Name

Title.

Salary

1.

RUSSELL

D.

TEORELL

PRESIDENT

NONE

2.

—

RUSSELL

D. THORELL

SECREThRY

NONE

3,

4.

5-

DIRECTORS/MANAGERS

.

-

Thie

Salary

1,

—

RUSSELL

D.

THORELL

PRESIDENT

NONE

2.

3-

4,

5.

Page2

-

---

Utility Name

Year of Report

EMMETT,

UTILITIES,

INC.

Dec.31,

2003

GENERAL INSTRUCTIONS

.

-

1.

Utilities with annual revenues of $1,000,000 ormore shall complete all schedules including those marked witha star. Those utilities that have

annual revenues less than $1,000,000 need not complete the schedules marked with a star.

2.

Prepare this reportinconformity with the Uniform System ofAccounts forWater and/or Sewer Utilities.

3.

Completeeach question fully and accurately, even

if ithas been answered in aprevious annual report. Enter the word “None”where it trulyand

completely states the fact.

4.

For

arty

question, section orpages that is not applicable to the respondent enter thewords

Wot

Applicable.” Do

notomit any pages.

5.

Where dates are called for, the month and day should be stated as well asthe year.

6.

All schedules requiring dollar entries should be roundedtothe nearest dollar.

7.

Complete this report bymeans, which result in a permanentrecord, such as bytypewriter. Money items

(except averages, percentages and

statistics)

throughoutthe

report should be shown in units of dollars

adjusted to accord with footings.

8.

If there is notenough room on any schedule, an additional pageor pages may be added provided the format ofthe added schedule matches the

formatofthe schedule with not enough room. Such a schedule should reference the appropriate schedules, state the name of the

utility,

and state

the

year of the

report.

9.

The form of annual report is tobe completed in triplicate. The original and oneconformed copy

(which may be a carbon copy),

property completed

and verified, areto befiled with the ILLINOIS COMMERCE COMMISSION, 527 East Capitol Avenue, Springfield, Illinois 62701, on or before March

31

of the

year following the year

forwhich the report is made. One copy isto be retained by respondent.

ii

Page

I

---

TABLE OF

CONTENTS

EXECUTIVE SUMMARY

Certification

I

General

Information

2

Composite

of Statistics

.3

FINANCIAL SECTION

Comparative

Balance

Sheet

..

4F-6F

Comparative Statement of Income for the Year

7F

Statement of Cash

Flows

8F-9F

Notes

tc

Financial

Statements

-

1OF

Utility Plant

~.~11F

Utility Plant Acquisition Adjustments

Accumulated Depreciation

and Amortization of Utility Plant

11 F

Accounts

Receivable from

Associated Companies

12F

Notes

Receivable from Associated Companies

Materials and Supplies

2F

Prepayments

12F

Miscellaneous Deferred Debits

12F

Unamortized Debt

Discount and Expense and Premium

on

Debt

13F

Extraordinary Property Losses

i.3F

Notes

Payable

13F

Accounts Payable to Associated Companies

...

14F

Capital Stock

~t4F

LortgTerm Debt

~l4F

Retained

Earnings

~4F

Bonds

1SF

Advances to Associated Companies

15F

Advances for Construction

15F

Contributions

in Aid of Construction

-taF

Reconciliation of Reported

Net Income with Taxable

Income for Federal

Income Taxes

16F

Reconciliation

of Gross Revenue Tax

16F(a)

WATER OPERATION

SECTION

Listing of Employees

17W

Water Operating Revenue

17W

Water Utility Plant

Accounts

18W

Water Operation and Maintenance

Expense

1 8W(a)&(b)~

Analysis of Accumulated Depreciation

by Primary Account

19W

Pumping and Purchases Water Statistics, Chemical Statistics and Electrical

Statistics

20W

Mains, Services, Meters and Fire Hydrants, Wells and Well Pumps

21W

Reservoirs and High Service Pumping &Other Water System Information

22W

SEWER OPERATION SECTION

Listing of Employees

23S

Sewer

Operating Revenue

23S

Sewer Utility Plant Accounts

and Sewer Operation and Maintenance

Expenses

24S(a)

& (b)

Analysis of Accumulated Depreciation

by Primary Account and Pumping Equipment Information

25S

Service Connections

26S

Collecting and Force Mains, Manholes and Treatment Plant

26S

Master

Lift

Station

Pumps

26S

p.

Page

ii

---

UTILITY

tAME

.

.

-

~Yearof Report

.1

EMMETT

UTILITIES,

INC.

Dec.

31,

200

3

,

.

.

COMPOSITE

OF STATISTICS FOR

ALL PRIVATELY OWNED

WATER &

SEWER UTILITIES UNDER ILLINOIS

COMMERCE COMMISSION JURISDICTION

WATER

SEWER

UTILITY

PLANT

41

,

11

8

11

6,

03

1

Plant

in So

rvice

Constructbn Work

in

Progress

.

.

.•

Plant Acquisition Adjustment

.

Plant Held-br Future Use

.

Materials

and Supplies

.

.

Less:

Accumulated

Depreciation

and

Accumulated Amortization

1 2,

0 1

0

50,

386

Contributions

in

Aid of

Construction

NetBookCost

.

29,108

65,645

REVENUES AND EXPENSES

.

OperatingRevenues

8,

423

1 2, 248

Depreciation

and Amortization

Expenses

674

1

,

8 40

lncomeTaxExpenses

Ixes

Other. Than Income

~w

OtherOperating Expenses

1

,

1 0

8

1

8

3

3 4

.

1 7, 325

Total Operating Expenses

.

Net Operating

Income

-

Other Income

-

Other

Income Deductions

(1

,

200)

(1 .200)

Netlnconie

(LOSS)

.

(12,893)

(8,117)

OTHER STATISTICS

Average Annual Residential

Use Per 1,000

Gallons

3

.

6

Average Annual

Residential Cost Per 1,000 Gallons

.

N

Average Residential

Monthly Bill

$2

~.

00

$~48.

8 ~

Gross Plant Investment

Per Customer

.

.

1

-

r

‘~

I,

Page 3F

---

UTILITY

NAME

Year of

Report

EMMETT

UTILITIES,

INC.

Dec.31,

-,rn-~

COMPARATIVE BALANCE

SHEET

Acct.

No.

(a)

—

ACCOUNTNAME

(b)

REF.

PAGE

(c)

CurrentYear

(ci)

Previous ‘Year

(e)

UTILITY PLANT

101-106

108-1 10

UtilityPlant

Less: Accumulated

Depreciation and

Amortization

hF

11 F

—5-7-

1

49

6

1 49,

c

26

6

6

114-1

15

NetPlant

Utility Plant Acquisition Adjustments

(Net)

11F

2,

~

~

~‘

~

~

2,

62

0

~

‘~

‘~

64

116

Other Utility Plant Adjustment

OTHER_PROPERTY AND_INVESTMENTS

121

Nonutility Property

122

Less:

Accumulated

Depreciation

and Amortization

Net Nonutility Plant

123

Investment in Associated Companies

124

Utility Investments

125

Other

Investments

126-127

Special

Funds

Total Other Property &

Investments

CURRENTANDACCRUEDASSETS

131

Cash

132

Special

Deposits

133

Other Special Deposits

134

Working Funds

135

Temporary Cash Investments

141-144

Accounts

& Notes Receivable, Less Accumulated Provision For

Uncollectible Accounts

4

,

5 9 0

5

145

Accounts

Receivable from Associated

Companies

12F

146

Notes Receivable from Associated Companies

12F

151-153

Materials

and

Supplies

12F

161

Stores Expenses

162

Prepayments

12F

171

Accrued Utility

Revenues

172

Rents Receivable

173

Accrued Utility Revenues

174

Miscellaneous Currentand accrued Assets

Total Current and Accrued Assets

i

~

‘~

F~

~sg

DEFERRED_DEBITS

,

181

Unamortized Debt Discount & Expense

13F

182

Extraordinary

Property

Losses

13F

183

Preliminary Survey & Investigation Charges

184

Clearing Accounts

185

Temporary Facilities

186

Miscellaneous Deferred Debits

i2F

187

Research & Development Expenditures

190

Accumulated Deferred Income Taxes

Total Deferred

Debits

TOTAL ASSETSAND OTHER DEBTS

1

0 2

,

886

90

,

7 23

Page 4F

---

Page5F

UTILITY

f~AME

.

Year of Report

EMMETT UTILITIES,

INC.

Dec.31,

2003

I

COMPARATIVEBALANCE SHEET

.

-

-

.

REF.

Acct. No.

ACCOUNTNAME

PAGE

-

CurrentYear

Previous Year

(a)

—

(b)

EQUITY_CAPITAL

(c)

(d)

(e)

.

201

Common Stock

Issued

14F

1 ,000

1,000

204

Preferred Stock Issued

14F

202, 205

-

Capital

Stock Subscribed

.

.

.

.

.

-

.

.

-

203,

206

Capital Stock Liability forConversion

207

Premiumon Capital Stock

.

1 ~S

c ~

77,

2

45

209

Reduction in Par or Stated Value of Capital Stock

.

.

-

210

Gain on

Resale or Cancellation of Reacquired Capital Stock

211

Other Paid-In Capital

.

•

212

Discount on Capital Stock

.

.

.

-

.__________________

213

Capital Stock Expense

-214,215

Retained

Earnings

.

.

.

-

14F

.

(101

,.01

‘~

)

(SC),

()0’~

216.

Reacquired Capital

Stock

.

.

218

Proprietary Capital

(Proprietorship &

Partnership Only)

-

Total

Equity Capital

LONG-TERM

DEBT

58, SC)

.

(1

r ~

C)

R)

221

Bonds

.___________________

222

Reacquired

Bonds

223

Advances from Associated Companies

224

Long-Term

Debt

Total Long-Term Debt

231

CURRENT_AND ACCRUED_LIABILITIES

Accounts Payable

-

1

1

7 ~

232

Notes Payable

13F

,

•

233

Accounts

Payable to Associated

Companies

14F

-

234

Notes Payable

tà Associated Companies

13F

4fl,

ftflfl

235

Customer Deposits

236

AccruedTaxes

•

1

1

1

1

63

237

Accrued

Interest

.

-

,

238

Accrued Dividends

000

‘

239

Matured Long-Term Debt

•

240

Matured Interest

241

,

Miscellaneous Current and Accrued

Liabilities

Total Current and Accrued

Liabilities

4 4

~

•

q ~

~

1

251

-

252

253

255

DEFERRED

CREDITS

Unamortized Premium

on

Debt

13F

Advances for Construction

•

15F

.

Other Deferred

Credits

Accumulated Deferred

Investment Tax Credits

Total Deferred

Credits

-

---

UTILITY

I~lAME

Year of Report

—

EMMETT

UTILITIES,

INC.

•

Dec.31, 2003

•

COMPARATIVE BALANCESHEET

I

REF.

Acct.

NO.

.

ACCOUNT NAME

PAGE

Current

Year

Previous Year

(a)

.

•

(b)

(c)

(d)

(e)

• OPERATING_RESERVES

261

Property

Insurance

Reserve

262

jpjuries and Damages Reserve

263

Pensions and

Benefits Reserve

265

Miscellaneous Operating

Reserves

.

.

Total Qperating Reserves

CONTRIBUTIONS INAIDOFCONSTRUCTION

271

Contributions in Aid of

Construction

-.

1 6F

272

Accumulated Amortization of

Contributions in Aid

of Construction

Total

Net C.l.A.C.

ACCUMULATED DEFERRED_INCOME TAXES

281

Accumulated

Deferred Income Taxes

-

..

Accelerated_Depreciation

282

Accumulated Deferred

Income Taxes

-

Liberalized_Depreciation

.

Total Accumulated Deferred Income Taxes

TOTAL EQUITY CAPITAL

AND LIABILITIES

.

1)2

,.

S A~

91), 7

2 ~

NOTES TO THE BALANCE

SHEET

This

space is provided for important notes regarding the balance sheet.

I

-

Page 6F

---

UTILITY J~AME

EMMETT

UTILITIES,

INC.

Year of

Report

Dec.31,

2003

.

COMPARATIVE STATEMENTOFINCOME FOR THE YEAR

Acct

•

REF.

I

No.

ACCOUNTNAME

•

PAGE

Current Year

Previous Year

(a)

(b)

(C)

(d)

(e)

UTILITY_OPERATING_INCOME

•

400

Operating Revenues

17W, 23S

20

671

.

1 9

,

77 9

401

Operating

Expenses

-

•

-

18Wa, 24Sa

3 5

,

65 9

.

.

3 3

,

1

4 ~i

2

,

51

4

403

Depreciation

Expenses

.

.

19W, 25S

2,

51

4

406

Amortization of Utility Plant AcquisitionAdjustment

.

-

407.X

Amortization

Expense

-

.

408.1X

Taxes Other Than

Income

•

• 1,

1

1) A

9

2 7

409.1X

Income Taxes

-

•

.

410,10

Deferred

Federal Income Taxes

.

410.1X

Deferred

State Income Taxes.

411.10

Provision for Deferred

Income Taxes

.

412.10

Investment Tax Credits Deferred to Future

Periods

412.11

Investment Tax Credits

Restored to Operating Income

Utility Operating Expenses

3 9., 281

6, 55 6

Utility Operating Income

.

-

-

•

-

413.

Income

From Utility Plant Leased to Others

•

-

414

Gains (Losses)

From Disposition of Utility Property

•.

.

-

Total

UtilityOperating Income

(18,610)

(17,

~07

)

-

OTHER INCOME AND DEDUCTIONS

.

415

Revenues from Merchandising, Jobbing

& Contract Deductions

416

Costs& Expenses

of Merchandising, Jobbing

& ContractWork

419.

Interestand DividendIncome

420

Allowance for Funds Used

During Construction

-

421.

Nonutility Income

.

-

426

Miscellaneous

Nonutility Expenses

q

1

)

Total

Other Income and Deductions

-

TAXES_APPLICABLETOOTHER_INCOME

408.20

Taxes Other Than

Income

409.20

Income Taxes

-

410.20

Frovisior~for Deferred

Income Taxös

--

.

.

•

•

..-

.

411.20

Provision for Deferred

Income

Taxes-Credits

412.20

Investment Tax Credits

-

Net

412.30

Investment Tax Credits

Restored to Operating Income

•

-

Total Taxes Applicable to Other Income

INTEREST_EXPENSE

427.X

Interest Expense

.

•

2,

4 1)1)

428

Amortization ofDebt

Discount & Expense

.

•..

13F

429

Amortization

of

Premium on Debt

13F

Total Interest Expense

.

2,

4 0 0

EXTRAORDINARY ITEMS

433

Extraordinary Income

.

434

Extraordinary Deductions

9.30

Income Taxes, Extraordinary items-

.

‘

Total Extraordinary Items

.-..

(21,010

)

(17,

898

)

NETINCOME

(LOSS)

-

.

Page 7F

---

UTILITY

N&?wIE

•

Year of Report

EMMETT

UTILITIES,

INC.

Dec.31,

2003

I

•

STATEMENT OF CASH

FLOWS

1.

If the

r-iotes

to

the

cash

flow statement

in

the

respondent’s

annual

stockholders

report are

applicable

to

this

statement,

such

notes

should

be

attached to

page

1OF.

Information

about noncash

investing

and

financing

activities should

be provided

on

page 1OF.

Provide also

on

page

1OF

a

reconciliation between

~Cash

and Cash

Equivalents

at End of Year”

with

related amounts on the

balance sheet.

2.

Under

“Other” specify significant amounts

and group others.

3.

Operating Activities

-

Other:

Include gains and

losses

pertaining

to operating

activities only.

Gains

and

losses pertaining to investing and financing

activities should be

reported in

those activities.

Show on page

1 OF the amounts of interest paid

(net of amounts capitalized)

and

income taxes paid.

(Further instructions are provided on page 9F)

________________________

Line

No.

DESCRIPTION

(See lnstruction No. 5 for Explanation of Codes (a)thru (d))

(a)

.

Aniount

(b)

.1

Net

Cash Flowfrom Operating Activities:

.

-

2

Netlncome(onpage7F)

.

471,011))

3

Noncash Charges

(Credits)

to. Income:

•

4

Depreciation and

Depletion

2,

5

1

‘1

5

Amortization

of

(Specify)

•

6

.

7

8

Deferred Income

Taxes

(Net)

9

Investment Tax Credit

Adjustments

(Net)

._

10

Net

(Increase)

Decrease in

Receivables

fl ~ ~

)

11

Net

(Increase)

Decrease in

Inventory

12

Net Increase

(Decrease)

in

Payables

and Accrued

Expenses

.

,

1

7 ~

13

•

(Less)

Allowance_for_Other_Funds_Used_During_Construction

14

(Less)

Undistributed

Earnings from Subsidiary Companies

15

Other:

~i

21

.

.

-I

Net Cash Provided by

(Used/n)

Operating Activities

(Total of lines 2 thru 20)

22

~18,408)

23

24

Cash Flows from Investment Activities:

25

Construction

and

Acquisition of Plant

(includi~ng

land):

26

Gross Additions to Water Utility Plant

1

0,

4 0 3

27

Gross Additions to Sewer UtilityPlant

28

Gross Additions to Common Utility Plant

.

29

Gross

Additions to

Nonutility Plant

•

.

30

(Less)_Allowance_for Other_Funds_Used_D uring_Construction

31

Other:

.

32

,

33

34

Cash Outflows

for Plant

(Total of lines 26 thru 33)

1 0,

403

35

36

Acquisition of Other Noncurrent Assets

(ci)

37

Proceeds from

Disposal of Noncurrent Assets

(d)

38

39

Investments in

and Advances to

Associated and Subsidiary Companies

40

Contributions and

Advances from Associated and

Subsidiary Companies

41

Disposition of Investments in

(and Advances

to)

Associated

and Subsidiary Companies

42

~DDITION~L

CAPITOL P~I-E~IN

~Y

STOCKHOLDER

~1),14~

43

44

Purchase

of Investment Securities

(a)

1

45

Proceeds

from Sales of

Investment Securities

(a)

I

Page 8F

---

UTILITY NAME

Year of

Report

EMMETT

UTILITIES,

INC.

-

.

Dec.31,2003

STATEMENT OF CASH

FLOWS

(continued)

4.

Investing Activities:

Include at Other

(line

31)

net cash outflow to acquire other companies.

Provide a reconciliation of assets acquired

with liabilities

assumedon page 1

OF. Provide a reconciliation of the dollar amount of leases capitalized

with the

plant cost

on page

1 OF.

-

5.

Net proceeds

or payments;

(b) Bonds, debentures and other long-term

debt;

(c) include

commercial

paper;

(d) identify separately such

items as

investments, fixed assets,

intangibles, etc.

6.

Enter on page

1OF clarifications and explanations.

Line

No.

-

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

..

DESCRIPTION

(See Instruction No.

5 for Explanation of

Codes (a) thru ~‘dj)

-

•

(a)

.

Amount

(b)

Loans

Made or

Purchased

Collections

on

Loans

.

Net

(Increase)

Decrease in Receivables

Net

(Increase)

Decrease in Inventory

Net_Increase_(Decrease)_in_Payables_and_Accrued_Expenses

Other:

-

.

.

Net_Cash_Provided_by_(Used in)_Investing. Activities_(Total

of lines_34_thru 55)

Cash Flows from Financing Activities:

Proceeds from

Issuance of:

Long-Term Debt (b)

Preferred Stock

Common Stock

Other:

66

Net Increase in short-term

Debt

(C)

67

Other:

68

69

70

Cash_Provided_by_Outside_Sources_(Total

of lines_61_thru

69)

•

7.1

72

Payments for Retirement of:

73

Long-Term Debt

(b)

74

Preferred Stock

75

common Stock

76.

Other:

77

-

78

Net Decrease in short-term Debt

(C)

79

-

80

•

Dividends on

Preferred Stock

81

•

Dividends on Common Stock

82

Net_Cash_Provided_by_(Used

in)_Financing_Activities

(Total oflines_70_thru

81)

-

83

.

84

Net Increase

(Decrease)

in Cash

and

Cash Equivalents

(Total of lines 22,

57 and 83)

85

.

.

86

87

Cash and Cash Equivalents at Beginning of Year

88

89

Cash and

Cash

Equivalents at End of Year

S

Page

9F

---

UTILITY

NAME

EMMETT

UTILITIES,

INC.

YearofRepor~

Dec. 31

,2 00

3

NOTES TO

FINANCIAL STATEMENTS

4

1.

Use the space below for importantnotes regarding theComparative Balance Sheet, Comparative Income Statement for the Year, Statement of

—

Retained Earnings for the Year,

and

Statement of Cash

Flows or any account thereof. Classify the

notes according to each basic statement,

providing a sub-heading

for each statement except where

a note

is applicable to more than one statement.

2.

Furnish

particulars

(details)

as to any significant contingent assets or liabilities

existing

at end of year,

including

a brief explanation of any action

initiated

by the

Internal

Revenue Service

involving possible assessment of additional income taxes-of-materia~amount,

or of a claim for refund

of

income taxes of material amount initiated bythe utility. Givealso a brief explanation of anydividends in arrears on cumulative preferred stock.

3.

For

AccoUnts

114-115, Utility Plant Acquisition

Adjustments, explain the

origin of such amount, debits

and credits during the year,

and

plans

of

disposition contemplated, giving references to Commission orders orother authorizations respecting

classification of amountsas plant adjustments

and

requirements as to disposition thereof.

4,

Give a

concise explanation of any retained earnings

restrictions and state the amount of

retained earnings

affected

by such restrictions.

5.

If the

notes to financial statements relating

to the respondent company appearing

in the annual report to the stockholders

are

applicable, such

notes may be attached

hereto.

1

Page

1OF

---

UTILITY

~1AME

-

•

EMMETT UTILITIES,

INC.

•

•

Year of

Report

•

Dec. 31,2

C)

C)

•

•

UTILITY PLANT (ACCOUNTS 101

-106)

•

-

Acct..

No.

.

•

.

•

•

•

WATER

•

•

SEWER

TOTAL

PLANT ACCOUNTS

•

.

101

Utility Plant

In Service

•

41

,

11

8

.11 6, 031

1 57,

1

49

•

102

Utility

Plant Leased to-Others

-•

•

.

-

,

-,

•

103

Property Held

For Future

Use

.

.

-

•

104

Utility

Plant Purchased orSold

•

-

.

-

.

-

.

•

•

105

ConstructionWork in Progress.’

.

.

.

106

CompletedConstruction Not

Classified

.

.

•

-

Total

Utility

Plant

41

,

11

8

11 6, 031

1 57,

1

4 9

•

•

•

•

UTILITYPLANTACQUISITION ADJUSTMENTS (ACCOUNTS 114-115)

Report each

acquisition adjustment and

related accumulated amortization separately.

For any acquisition adjustment approved by the Commission,

include the Order Number.

.

•

WATER

•

SEWER.

•

TOTAL

ADJUSTMENTS

(114)

-

•

.

AMORTIZATION (115)

•

•

•

•

-

,

•

•

•

-

•‘.

•

•

•

•

I_____________________

ACCOUNT 108-110

•

WATER

•

SEWER

TOTAL

Balance First of Year

-

1 4,

11

6

48, 546

62,

6 6 2

Credits

During Year:

‘

.

•

•

.

•

Accruals Charged to Depreciation Account

.

67 4

•

1

,

840

..

2,

5

1

4

Salvage

•

•

Other Credits (Specify)

•

Total Credits

‘

‘

-

.

.-‘--

•

-‘

-

•

Debits

During Year:

•

‘

-

•

BookCost of Plant Retired

•

2,780

•

2,780

Cost of Removal

.

Other Debits (Specify)

-

otal

Debits

•

•

•

•

Balance End

of Year

.

12,01

0

50,38.6

62

,3~5

•.

.~••....

•

•

ACCUMULATEbpEPRECIATION AND AMORTIZATION

OF UTILITY

PLANT

•

-

I

-

Page

hF

---

I

I

~UTILITY

f~JA.ME

•

Year of Report

I

EMMETT

UTILITIES,

INC.

•

•

.

•

.

.

•

Dec.31,

f’~fl~3_

*ACCOUNTS RECEIVABLE FROMASSOCIATED COMPANIES (ACCOUNT 145)

DESCRIPTION

•

Li

I~I.

TOTAL

‘

TsTi’,

•

Total

*NOTES

RECEIVABLE FROM ASSOCIATED COMPANIES (ACCOUNT 146)

Reoort

each note receivable from associated companies secaratelv.

DESCRIPTION

Total

~T

L’J~1

-

INTEREST RATE

TOTAL

Plant Materials

and Supplies

(Account

151)

Merchandise (Account

152)

Other Materials

and Supplies (Account 153)

*

MATERIALS

AND

SUPPLIES (ACCOUNTS 151-1 53)

Total Matenafs

and

Supplies

•

NI~

WATER

‘.

Prepaid

Insurance

Preoaid

Rents

SEW ER

Prepaid

Interest

Prepaid Taxes

TOTAL

.

*PREPAYMENTS

(ACCOUNT 162)-

Other Prepayments

(Specify):

—

M

Total

Prepavments

WATER

SEWER

TOTAL

•

*

MISCELLANEOUS DEFERRED

DESCRIPTION

DEBITS (ACCOUNT 186)

•

TOTAL

Miscellaneous

Deferred

Debits (Account

186)

•

Deferred Rate Case Expense (Account 186.1)

-

Other Deferred Debits (Account 186.2)

•

N

~

‘

•

-

.

-

Total

Miscellaneous Deferred

Debits

Page 12F

---

—

S

e.1,

UTILITY

flAME

•

•

•

Year of

Report

EMMETT-

UTILITIES,

INC

-

--

-•-

•

,

-

-Dec.31,2003

.

*UNAMORTIZED DEBT DISCOUNT AND EXPENSE AND PREMIUM

DEBT (ACCOUNTS 181

& 251).

Report the net

discount and expense

or premium separatelyfor each security issue.

•

•-

Amount Written

Off

-During-Year

Year End

Balance

Unamortized Debt Discount and

Expense ~Account

181):

-

-

-

.

-

Unamortized Premium On-Debt fAccount 25h’~:

Total Unamortized Debt Discountand Exoense

•

-

Total Unamortized Premium on

Debt

Extraordinary Property Losses (Account

182):

•

.

•

*EXTRAORDINARY PROPERTY

LOSSES (ACCOUNT 182)

Reoort

each Item se~arateIv

-.

DESCRIPTION

~talExtraordinaryProperty Losses

I_-In

—

?~~T

7’.

TOTAL

—

•

-

*NOTES

PAYABLE (ACCOUNTS232 AND 234)

-

Nominal

Date of

-

•

Issue

.

-

•

Principal Amount

Date of Maturity

Interest

Per

Balance Sheet

-

•

Frequency of

Rate

Payment

Account

232

—

Notes Payable:

•

-

-

-

0

-

•

-

-

•

Total Account

232

-

.

.

-

Account 234— Notes

Payable to AssocIated

-

Companies~

•

‘

-

-

.

-

-

.

-

-

.

STOC~HOL,DEP~

12-31-2003

demand

j

6

40.000

•-.

•

-

•

0

•

0~

0’

¼

:

--

-

Total Account 234

-

•

40

r

Page

13F

---

Principal

Amount

•

Per

Balance Sheet

,~

UTILITY

NAME

E

Year

-

Dec.31,

2003

EMMETT

UTILITIES,

INC.

-

*ACCOUNTS PAYABLE TO ASSOCIATED

COMPANIES (ACCOUNT 233)

-

-

Report

each

account payable separately.

-

•

•

0

DESCRIPTION

TOTAL

Description of Obligation

0

(Including Nominal Date of Issueand Date of Maturity)

TOTAL

M

.

—

I

Shares Authorized

Shares Issued

and Outstanding

-

-

Total Par

Value of Stock

Issued

Dividends

Declared Per Share For Year

I—

If.’

11’.

(~P’~

T\1EM

~‘

00

*CAPITALSTOCK(ACCOUNTS 201

& 204)

-

Common Stock

Preferred

Stock

.

•_•

—

—-

I

Par or Stated Value Per Share

I flfl

-F--

LONG TERM DEBT (ACCOUNT 224)

-

Total

0

Rate

Interest

¼

¼

Frequency

OfPayment

I

p

¼

¼

5(~

RETAINED EARNINGS (ACCOUNTS 214—215)

-

-

.-

AMOUNTS

Balai~ceFirst of Year

-

•

(80,

003)

ChangesDuringtheYear(Specify):

(T.(’~)s$~)

•

‘

0

0

(21

,

01-0-f-——

Balance End

of Year

(101

.

oiii~ii

I

Page

h4F

---

UTILITY

NAME

•

0

Y;ear of Report

~0

emmett utilities,

inc

,

-

0

-

0

0

Dec.31,2003

0

*BONDS

(ACCOUNT 221)

-

-

00

Description of Obligation

-

(Including Nominal Date of Issueand Date of- Maturity)

I

Interest

-

Principal Amount

Per

Balance Sheet

0

•

-Rate

0

Frequency

0

Of Payment

-

-

•0

0

•

0

•

~0

0

-

--

.

-

0•

-_

0•

0

•

..•

0

0

0

0

0

0’

0

0

-

-

0

-

-

-

-

~0

-

0

--

0

•

-

00

-

-.

-

0

0

-

0

-

.

0

-

-

-

••

..

0

.

-

-

-

0

Total

-

:

-

0

0

0

-

0

0•~

*ADVANCES TO ASSOCIATED COMPANIES (ACCOUNT 223)

R~p9rt

each advance separately.

-

DESCRIPTION

N~

—

~0

TOTAL

~-

—

0

TOTAL

-

*ADVANCES

FOR CONSTRUCTION (ACCOUNT 252)

-

Name

Payor

•

Balance

0

Debits

-

Beginning of

Year

Account

Debit

Amount

‘Credits

Balance

Endof Year

!al.

N~’-

•:_OH-

-

Page

15F

---

~~T1

~ME

EMMETT

UTILITIES,

INC.

Income

Recorded on Books

Not Included for Return:

Deductions

on Return Not Charcied Aciainst Book

Income:

-

Year of Report

-

Dec.31,

2003

I

—

-

0

-

CONTRIBUTIONS IN AID OFCONSTRUCTION

WATER

SEWER

TOTAL

Balance First of Year

-

Add credits during

year:

0

-

Contributions received from

Customer Main

Extension Agreements

•

-

Customer Connection

Charges

0

0

Contributions received

from Developer or contractor Agreements

0

In cash Orproperty

0

-

Total Credits

-

-

0

,

0

Deduct Charges During Year

-

Balance End of Year

-

0

Less Accuniulated Amortization

-

0

-

-

0

Net

CIAC

0

NPL

-

-

0

-

*RECONCILIATION OF

REPORTED NET INCOME

WITH TAXABLE INCOME

FOR FEDERAL

INCOME TAXES

-

-

(UTILITY OPERATIONS)

0

1.

The

reconciliation should

include the

same• detail

as furnished on Schedule

M-1

of the federal tax return

for the year. The reconciliation shall

be

submitted

even though there ‘is no taxable income

for the year: Descriptions should clearly indicate the nature of each

reconciling amount and

show the

computation

of all

tax accruals.

-

2.

If the utility is a member of a

group which files a consolidated Federal

tax

return, reconcile

reported net income with taxable

net income-as-if

a

-

-

separate return were to

be filled,

indicating intercompany

amounts to be

eliminated in such consolidated return. State names of group

members,

tax assigned to each group member,

and basis of allocation,

assignment or sharing of the consolidated tax

amount among the group men-ibers.

0

-

-

Reference

AMOUNT

Net Income forthe Year

0

-

0

( ~

1

fli

n

Reconciling

Items for the Year:

‘

Taxable_Income_Not_Reported_on_Books:

0

a

Deductions

Recorded

on Books Not Deducted for Return:

-

—

—

FederalTaxNet Income

Computation of Tax:

(21 .010’l

I

Page 16F

---

~Year of Report

‘I

~

UTILITY NAME

.emmett utilities,

inc.

0

0

0

-.

RECONCILIATION

OF GROSS

REVENUE

TAX

‘

0

This schediale

is to reconcile

the amounts shown

in

the accompanying Annual Report with the amounts shown on the Amended/Annual Gross

RevenueT~xReturn:

0

-

•

-

-

0

0

•

-

-

0

-

•

0

(a)

-

-

-

0

-

0

As Shown on

Annual Report

-

0

(b)

Page

& Line

Where

Amount at Left Can

Be Found inthe

Annual Report

‘

(c)

-

-

as shown inAnnual Report

-

20-, 671

-

-

-

-

-

0

-

‘

-

Illinois

‘

‘

0

-

0

-

0

-

0

0

0

-

‘

0

,

-

0

,

-

-

forResale

-

0

0

0

•

•

basis’used)

-

are included in 1-a. above)

Description

Account No.

0

~‘“0•

-•

~•0,

.

•

0

Annual Report (lines’1-2thru

14)

-

20, 671

Amended/Annual Gross

Revenue

Tax

Return

‘

20

,

67

1

,

17

I

DIFFERENCE (line 15 minus line

16)

NONE

-

I

If difference calculated on line 17 is-i positive amount of $1,000.00 or more,

a revised

Amended/Annual Tax Return for the year plus payment of any

additional tax

due must be

promptly remitted to the Illinois Commerce Commission.

If the calculated difference is less than $1,000.00 or a negative

amount,

no -further action

is required regarding your tax reconciliation.

(The tax owed on

$1,000 at the.current tax rate of .1

001o

is $1.00. According to the

Public

Utilities Act a deficiency

in taxes paid of less than $1.00 need not be paid to the Commission.)

-

-

.

Page 1

6F(a)

---

Year of Report

~LITY~~E

EMMETT

UTILITIES,

INC.

Dec.31,2003

ANALYSISOF UNBILLEDREVENUE

w

This form 1510 becompleted by all water

and sewer utilities.

-

-

•PRIORYEAR

CURRENTYEAR

REFERENCE

-

1.

Water Utility Revenue

-,

,

-

-

2

3

Less: PriorYear Unbilled Revenud

0

Prior Yr. !LCC Form

22 Pg.

16F(b),Line3

Add: CurrentYear Uribilled Revenue

0

4

Gross Water Utility Operating Revenue

Pg 17W

5

Sewer Utility Revenue

‘

-

-

-

-

6

Less: PriorYear

Unbilled Revenue

0

Prior Yr. ILCC

Form

22

Pg.

-

1 6F(b), Line7

7

Add:Current YearUnbilled Revenue

8

Gross Sewer Utility Operating Revenue

-

9

Total UtilityRevenue (Line

1

+

Line 5)

0

0

I

10

0

11

Less: Total PriorYear Unbilled Revenue

~

(Line2

+

Line 6)

0

0

-

-

0

Prior Yr.

ILCC Form

22 Pg.

16F(b), Line 11

Add: Total Current Year Unbilled

Revenue

(Line 3

+

Line 7)

0

-

0

12

Gross

Water Utility Operating

Revenue

-

Pg 16F(a), Line

1

-

Page

16F(b)

I

---

Page 17W-

•1

UTILITY

NAME

0

0

0

Year of

Report

0

EMMETT

UTILITES,

INC.

-

-

-

-

-

Dec.31,

2003

•

-

-

WATER OPERATION

SECTION

--

:

-

,

-

Listbelow

the

names and titles of all full time employees’whose

salaries and wages are recorded in Account Number 601, page

18W.

NOTE:’

Only those utilities with 2,500 or fewer customers are required to complete

this item.

NAME

-

TITLE

NONE

-‘

-

-

-

WATER OPERATING REVENUE

-

-

Acct

No.

0

0

0

,

-

Gallons Sold

Year End Number

of-Customers

Amounts

-

-

461.1

-

461.2

461.3

•461.4

461.5

O

0

-

462.1

462.2

464

465

466

467

O

0

469

470

471

472

473

-

474

-

-

•

‘

-

Operating Revenues:

Unmetered Water Revenue

-

0

-

0

Metered Water

Revenue:

-q 9

.4 3

Q

0,

Metered Sales toResidential Customers

0

-

,

21

7 40 3

-

Metered

Sales to CommercialCustomers

-

,

Metered Sales to Industrial Customers

0

-

:

-

Metered Sates to Public Authorities

.

Metered Sales to Multiple Family

Dwellings

0

-

Total Metered

Sales

0

-

0

7,

403

Fire Protection Revenue:

Public’Fire Protection

,

Private Fire Protection

‘

Total Fire Protection

Revenue

-

Other Sales to Public Authorities

-Salesto Irrigation Customers

0

0

Sales for Resale

0

Interdepartmental Sales

-

Total Salesof Water

-

‘

-

~7,

403

Other Water Revenues:

-

0

0

-

Guaranteed Revenues

-

-

-

-

‘.

1

0

20

,

Forfeited

Discounts

-

Miscellaneous

Service Revenues

-

—

-

0

-

Rents from

Water Property

-

Interdepartmental

Rents.

-

-

,

-

0

-

-

0

Other’Water Revenues

,

0

0

.

-

Total Other

Water Revenues

-

.

-

-

-

0

.

Total

Water Operating Revenues

-

4 73

---

UTILITY

NAt~fE

EMMETT

UTILITIES,

INC

Yearof Report

-

,

-

Dec.312003

-

-

WATER

UTILITY PLANT ACCOUNTS

-

Acct.

No.

—

-

Account Name

~Previous

Year

-

-

Additions

-

•

Retirements

-

Current

Year

-

R

0 00

-

1

,

2 40

3

1

7 ~

‘

1

3

~ 4

~

O

—

INTANGIBLE PLANT

-

301

Organization

0

8

000

302

Franchises

-

-

‘

339

Other Plant &

Miscellaneous

Equipment

SOuRCE OF SUPPLY

,

0

,

-

.

-

303

Land and Land

Rights

-

1

240

304-

305

-

Structures

and

Improvements

Collecting

&

Impounding Reservoirs

~,,

-i

-~

ç

0

306

Lakes, Rivers

&

Other Intakes

-

-307

Wells & Springs

0

1

2

6

5

308

Infiltration Galleries & Tunnels

,

0

-

309

Supply Mains

339

-

Other Plant

& Miscellaneous

Equipment

-

PUMPING

PLANT

0

303

Land

and

Land Rights

304

Structures

and

Improvements

0

310

Power Generation

Equipment

-

311

339

PumpingEquipment

Other Plant

& Miscellaneous

Equipment

2

122

‘

10 403

‘

7,17~

-

-

10,

403

-

WATER TREATMENT

-

0

303

Land and

Land Rights

304

-

Structures and

Improvements

0

-

0

0

320

Water Treatment Equipment

0

339

Other Plant and

Miscellaneous

Equipment

-

-

-

1

TRANSMISSION/DISTRIBUTIONPLANT

0

,

303

Land and Land

Rights

0

‘

0

304

Structures and Improvements

.

•

-

330

Dist.

Reservoirs

and

Standpipes

7

71 3

-

2 ,.2

1 3

331

Transmission & Distribution Mains

i

~c

~

2,

1 ~

333

Services

0

0

334

Meters

-

-

•

‘~

~1

5

-

1?

~

1

~

334

Meter Installations

-‘

-

335

Hydrants

336

Backflow Prevention

Devices

-

339

Other ‘Plant & MiCceItãneoU~Equipment

‘

-

.

.

-

--

-

-

-‘

-

GENERAL PLANT

0

0

0

303

Land and Land

Rights

-

0

304

Structures and Improvements

0

340

Office Furniture&

Equipment

0

341

Transportation

Equipment

0

342

Stores Equipment

•

•

343

Tools,

Shops

&

Garage Equipment

344

Laboratory Equipment

345

-

Power Operated Equipment

-

‘

0

346

Communications Equipment

0

-

347

348

Miscellaneous Equipment

Other Tangible

Plant

TOTALPLANTIN SERVICE

33

495

-

0

10,403

2,780

41

,118

Page 18W

---

Page 18W(a)

-

UTILITYNAME

-

-EMMETT UTILI-TIES,

INC.

-

Yearof

Report

-

0

0

.

0

‘

-

Dec.31,~2003

WATER OPERATION AND MAINTENANCEEXPENSE

.

0

-

Acct.

No.

-

0

-

-

-

Account

,

Previous

-

-

Year

Current

-Year

-

‘SOURCEOFSUPPLY

0

-

0

-

601

$alaries and Wages-Employees

0

,~

0

•

-

-‘

610

Purchased Water

-

-

-

‘

‘615

Purchased Power.

-

-

0

-

-

-

616

Fuel for Power Production

-

0

-

-

0

618

Chemicals

.

-

0

-.

-

-

-

-

-

0

620

I~4ateriaIs

and

Supplies

-

-

0

-

72 ~

•

-

‘

-

-

1 98

-

‘63t’

Contractual Service

-

Engineering

0

‘

-

-

635

•

Contractual Service

—

Testing

-

.

•

0

-

-

636

641

642

‘650

658

-

668

675

601

615

616

620

O

.631

635

-

636

641

642

50

Contractual Service —Other

-

-

0

0

Rental ofBuilding!Real Property

-

•

.

-

Rental of Equipment

0

Transportation Expenses

0

0

0

‘•

•

-

0

•.-

‘‘‘

-

-

lnsurancd-’Workmañ’s

Compensation

-

-

0

0

-

•

-

Water Resource Conservation

Expense

•

-

0

-

-

-

.

-

Ntiscellaneous

Expenses

-

0

-

-

PUMPING

EXPENSES

.

-

0

,,

0

0

•

“

-

-

Salaries and Wages-Employees

-

-“‘

.

Purchased Power

.

-

-

.

373

.

7g

Fuel for Power Production.

0

.

.

0

Materla!s

and

Supplies

,

0

-

0

-

Contractual Services-

Engineering

0

‘

0

Contractual Services

—

Testing’

0

-

Contractual Service-s

—

Other

~0

•

-

-

Rental of BuIlding! Real Property

-

0

0

•

-

-

Rental of Equipment

-

0

•

,

-

0

Transportation

Expenses

.

••

0

0

Insurance- Workman’s

Compensation

‘

0

‘

5

Miscellaneous

Expenses

-

WATER TREATMENT

EXPENSE

-

601

Salaries and Wages-Employees

.

.

-

615

Purchased Power

0

0

-

O

-

616’

Fuel for Power Production

•

-

‘

0

-

•‘

-

-

-

-

618

Chemicals

-

-

I________________________

620

-

Materials and

Supplies

.

0

0

-

-

-

631-

-Contractual

Services

—

Engineering

635

Contractual Services

—

Testing

0

-

636

Contractual Services

—

Other

0

-

,

-

641

Rental of Building/Real Property

-642---

-

‘R-entaI’of~Equipment

---.

--

-

-.•-

-.

..

‘-

650

Transportation Expenses

658

Insurance-Workman’s Compensation

0

0

675

Miscellaneous Expenses

TRANSMISSION/DISTRIBUTION

601.

Salaries and Wages —Employees

-

615

Purchased Power

-

-

0

-

616

-

Fuel for Power Production

618

Chemi~als

-

-

-

620’.

Materials and

Supplies

-

-

•

631

Contractual

Services

-

Engineering

0

0

-

635

contractual Services

—

Testing

•

0

-

O

636

Contractual

Services

—

Other

0

0

6~1

Rental of Building/Real

Property

0

.

.

-

-642

-

-

Rental of

Equipment

-

650

Transportation

Expenses

-

I______________________________________________________

658

Insurance

—

Workman’s Compensation

675

Miscellaneous Expenses

---

UTILITY NAME

-

Year of Report

EMMETT

U~DILITIES,

INC.

Dec.31.

2003

WATER OPERATION AND

MAINTENANCE EXPENSE

-

-

-.

-

Acct.

-

-

-

Previous

Current

No.

‘

Account

0

Year

Year

CUSTOMER

ACCOUNT EXPENSES

-

0

~T

615

~alaries

and Wages-Employees

-

Purchased Power

.

Fuel

for Power Production

620

£~1ateriaIsand Supplies

0

-

631

Contractual Services

—

Engineering

-

0

-

-

0

635

636

Contractual Services

—

Testing

-

Contractual Services

—

Other

0

3

0

54

‘3

7 1

3

6

‘

1

3

4

7 40

641

Rental of Building/Real Property

‘

‘

642

Rental of Equipment

0

0

650

Transportation Expenses

-

0

-

0

658

Insurance

—

Workman’s Compensation

0

0

670

Bad

Debt Expense

0

-

-

0

0

675

Miscellaneous Expenses

0

-

ADMINISTRATIVEAND GENERALEXPENSES

,

0

601

Salaries and Wages

—

Employees

0

-

0

603

Salaries and

Wages

—

Officers,

Directors, and

Majority Stockholders

-

-

604

Employee

Pensions and

Benefits,

615

-

Purchased Power

616

Fuel

for Power Production

620

Materials and

Supplies

.

631

Contractual Services

—

Engineering

-

-

-

-

632

Contractual Services

Accounting

-

0

•

0

634

Contractual Services

—

Management Fees

.

635

Contractual Services

—

Testing

-

636

Contractual Services

—

Other

-

‘

tI

~

P

-

7

1

8

641

642

650

656

Rental of Building/Real

Property

0

Rental of Equipment

Transportation

Expenses

Insurance

—

Vehicle

-

‘

3 ~ (1

2

1

5

3 60

•;

5 3

0

657

-

Insurance-General Liability

-

.

658

Insurance

-

Workman’s

Compensation

-

659

Insurance

-

Other

0

-

660

‘

Advertising Expense

0

666

Regulatory Commission

Expenses

-

Amortization

Rate Case

Expense

0

667

-

675

Regulatory Commission

Expense

—

Other

‘

.~

3

3 ~

-

-

-

1 8 6

Miscellaneous Expenses

-

453

1

287

TOTAL OPERATION

AND

MAINTENANCE

EXPENSE

-~

i

-

-

1

-

-

‘‘-~1~’-~

Page

18W(b)

---

TUT~TYN~

EMMETT

UTILITIES,

IN-C.

0

,

Yearof

Report

-

.

-

Dec.31,2003

0

•

,

ANALYSIS OFACCUMULATEDDEPRECIATIONBY PRIMARYACCOUNT

-

WATER

-

Acct

-

No,

‘

301

302

339

-

303

304

305

-

306

307

308

309

339

•

303

304

310

-

311

339

~

4

-

—

O

303

304

330’

331

333

334

334

335

336

339

303,

304

340

341

342

343

344

345

346

347

~

~

Account

-

-

-

Average

Service

Ufe

in Yrs

‘

Depr.

Rate

-

Applied

Acàumulated

0

Depreciation

Bal.

Prey. Yr.

Debits

,

1

Accumulated

Depreciation

Credits

Bal. End Yr.

INThNGIBLE PLANT

-

Organization

0

-

,‘

-

0

•

Franchises

0

0

-

-

-

-

0

•

0

Other Plant

&‘

Miscellaneous

Equipment

-

-

-

--0

‘

-

SOURCEOFSUPPLY

-

-

.

-

-.

.

0

‘

Lancf and Land

Rights

-

-

-

-

-

0

-

-

0

Structures and Improvements

-

-

-

..

Collecting

& Impounding Reservoirs

-,

-

-

-

0

Lakes, Rivers & Other

Intakes

0

•

0

-

-

0

0

Wells & Springs

-

-.

-

-

lnfiltraticn~

Galleries & Tunnels

-

-

0

-

0

‘

-

Supply Mains

-

0

Other Plant & Miscellaneous Equipment

-

-

- -

0

PUMPINGPLANT

-

0

-

-

-

.

.

--

0

0

Land and Land Rights

.

Structuresand Improvements-

-

-

Power Generation Equipment

-

-

-

Pumping Equipment

-

0

•

0

Other Plant

&

Miscellaneous Equipment

-

WATER TREATMENT

-

.

-

0

‘

0

0

Land and

Land Rights

-

0

Structures and Improvements

0

0

0

Water Treatment Equipment

-

Other Plant &

Miscellaneous Equipment

-

°“

0

0

TRANSMISSION/DISTRIBUTION PLANT

‘

0

-

-

Land and

Land Rights

0

Structures and Improvements

-

,.

0

-

Dist.

Reservoirs

and Standpipes

•.

0

~_____________

Transmission & Distribution

Mains

-

Services

.

Meters

-

-

Meter Installations

0

-

-

-

Hydrants

-

0

-

-

-

Backliow Prevention

Devices

Other Plant & ‘Miscellaneous

Equipment

-

GENERALPLANT

0

Land and LandRights

0

Structures and Improvements

-

Office Furniture& Equipment.

Transportation

Equipment

Stores Equipment

-

0

,

0

-

•

-

Tools,’Shop & Garage

Equipment

0

-

0

‘0

Laboratory

Equipment

,

•PQwer Operated Equipment

-

CommUnications Equipment

0

0

‘

Miscellaneous Equipment

Other Tangible Plant

TOTAL PLANT IN SERVICE

-

i

33

-

3

3

-

I

1 4,

11

6

2

,

7 B 0

I

-67

4

1

2

,

‘01

0

Page19W

---

Estimated amount of water used

for flushing of the

distribution system:

gallons

NONE

Page 20W

UTILITY NAME

EMMETT

UTILITIES,

INC.

-

-‘

Year of

Report

Dec.31,

~r~n-~

I

p

-

f~lonth

PUM

Total Water

Pumped and

Purchased

PING AND PURCH

Water

Pumped

From

Well/Station

ASEDWATER STATI

Water Pumped

-

From

Well/Station

STICS (Gallons

Water Pumped

From

Well/Station

Water

Purchased

Water Sold

To

Customers

January

February

-

ApnI

-

-

0

•

‘

0

‘

0

0

0

0

,

•

0

0

.

.

0

:

May

-

.

-

-

0

June

-

0

0

‘

July

0

August

-

0

0

0

September

0

-

•

-

October

0

November

-

0

0

0

-

December

.

-

Total

-

-

-

0

‘

CHEMICAL STATISTICS

0

0

-

Type of Solution

Chlorine

Fluoride

Polyphosphate

Other

—

.

-

i~e(specifyGasorLiquid)

-

NONE

N0NF~

Quantity Used

0

-

-

NflNE

Cost

0

0

-

ELECTRICAL STATISTICS

-

0

-

0

KWH

-

$

Electricity consumed in pumping

Average Cost ofCurrent

Per KWH

If water is

purchased for resale,

indicate

the following:

a)

Vendor

—

N~

0

.

-

b)

Point

of Delivery

0

-

0

Ifwater is sold to

other water utilities for redistribution,

listnames of Distribution

Companies:

---

S

~UTILITY~

EMMETT

UTILITIES,

INC.

‘

0

-

Year of Report

‘

I

—~

-

-

.

-

-

0

,o

Dec.31,

2003

-

TRANSMISSION AND

DISTRIBUTION MAINS

0~

Size

In

Use

First of

Year

-

Laid

During Year

0

,

Total ,for

Year

‘

Abandoned

DurIng Year

Total

1

-

Taken Up

Deductions For

In Use Close

During Year

Year

Of Year

•

2”

-

L5”.

1969

1969

-

-

1969

1969

343’

‘

60’

-

.

0

0

‘

‘

343’

60’

-

1.25~’

1969

1969

168”

-

-

0

168’

2”

-

1972

1972

1026’

0

-

-

1026’

Total

-

i

c

~

‘

—

-

‘0

-

,

-

1

,

~

-

SERVICES AND METERS

AT

CLOSE OF YEAR

-O

Services

in Use

.

Meters in

Use

-

Size of

Service

Owned or

Leased

by

Utility

Owned by

Consumer

Total

In Use

-

-

-

Size of

Meter

Owned or

Leased by

Utility

‘

Owned by

Consumer

Total

In Use

O

½inch

Y2inch

-

5/8 inch

-

5/8 inch

77

.

77

¾

inch

77

7 7

-

¾

inch

0

-

1 inch

1 Inch

l½lnch

‘

-

‘

‘

11/~inch

-

2lnch

•:::::;~

-

-

-

-

2inch

-

0

7’?

‘77

79

0

‘77

,

‘.

FIRE_HYDRANTS

‘

-

•

Size

In

Service

Beginning of Year

,

--

Added During

Retired

During

The Year

.

The Year

In Service

End

of Year

.

-

-

NONE

0

UepthotWells

320’

0

Diameters of Wells

6”

.

-

Pump-GPM

.

--

38

Motor-HP

,

0

-

-

-

c

Yields of.WelIs inGPD

57,600

0

Auxiliary

Power

,

-

NONE

Year Constructed

0

-

WELLS ANDWELLPUMPS

Types of Well

Construction & Casing

Station

1

1

qççq

6”

~F,Pc~i

StatIon 2

Station 3

Station

4

Page

21

W

---

‘~

qI

UTILITY NAME

-

-

Year of Report

-

O

EMMETT UTILITIES,

INC.

,

Dec.31,

2003

O

RESERVOIRS

‘bescriptiori

(steel, concrete or pneumatic)

0

Capacity

of

Tank

-

0

0

Ground or

Elevated

0

HIGH

SERVICE PUMPING

-

Motor

-

.

Motor

-

Motor

Motor

Manufacturer

-

-

0

0

-

0

•

-

-________________________

Type’

•

-

Rated

Horsepower

.

0

0

-

0

•

Pump

Pump

Pump

-

Pump

-

Manufacturer

-

-O

-

0

-

Type

-

-

-

-

.

Capacity inGPM

.

Average Number of Hours

Operated Per Day-

-

-

0

0

-

BOOSTER

STATIONS

‘

0

-____________________

0

O

-

-

-

Booster Station

-

,

Booster Station

KW-HR Used

0o

0

Average Cost PerKW-HR

-

-

0

-

GallonsPumped

-

0

0

0

-

SOURCE

OF SUPPLY

List for Each Source

of Supply

Gals. Per Dayof Source

Type of Source

-

NONE

-

0

~I

NONE

-

0

-

I

‘

,

List forEach Water

Treatment Facility:

Type

0

WATER TREATMENT FACILITIES

-

.

Make

Gals.

Per Day Caoacity

Method of Measurement

Page

22W

---

UTILITYNAME

.

Year of Report

,

-

•

-

EMMETT

UTILITIES,

INC.

.

0

-

-

,

,

Dec.31,2003

-

0

-

SEWER OPERATION SECTION

,

-

List below ihe

names and titles of all full time employees whose salaries and wages are recorded

in

Account Number 701, page 24S.

Note:

Onlythose utilities with 2,500 or fewer customers are required to complete this item.

Name

‘

Title

-

LARRY

YOUELL

-

-

-

CONTRACT

SEWER

OPERATOR.

-

-

-

SEWER

OPERATING REVENUE

.

‘,“,O,

•

Acct.

-

Year End

Number

-

-

No.

0

.

Of Customers

-

-

-

Amounts

Operating Revenues:

-

-

-

Flat Rate Revenues:

-

-

0

521.1

-

ResIdential Revenues

‘

21

-

1

2,

24

P

521.2

-

‘

Commercial Revenues

-

521.3

lnduétrial Revenues

0

0

521.4

Revenues from Public Authorities

-

-

521.5

Multiple Family Dwelling Revenues

-

‘521.6.

Other Revenues

Total Flat

Rate Revenues

0

.

-

21

1 2, 24 8

Revenues Based on

Metered Water Consumption

.

522.1

Residential

Revenues

0

-

-

522.2

Commercial Revenues

-

-

-

522.3

Industrial Revenues

‘

0

-

-

522.4

Revenues from Public Authorities

0

-

-

-

O

522.5

Multiple Family Dwelling Revenues

.

-

-

-

-

-

Total Revenues

.

-

-

0

-

,

523

Revenues from Public Authorities

524

-

Revenues from Other Systems

-

-

Totals

-

-

-

-

-

-

-

-

Other Sewer

Revenues:

0

0

--

-

531

Sate’of Sludge

-

-

0

-

•

532

‘

‘Forfeited Discounts

0

•

.

-.

-

536

-‘

•

-

-

-

-

-

-

Other Sewer Revenues

-

-

Total Other Sewer

Revenues

.

-

.

-

Total

Sewer Operating Revenues

-

•

-

1

2

,

24 8

-

.

Page 23S

.

.

I

---

UTILITY

l’1AME

.

-

•

Year of

Report

EMMETT

UTILITIES,

INC.

Dec.31,2003

SEWER

UTILITY PLANT ACCOUNTS

-

——

-

Acct.

No.

-

-

Account

Name

Previous

Year

-

-

Additions’

Retirements

Current

Year

INTANGIBLE PLANT

‘

-

-

-

0

351

Or~anization

-

23

,

21

4

2

3

,

21

4

352

Franchises

~,

911

‘

g

1

1

389

Other Plant and Misc.

Equipment

0

,

COLLECTION PLANT

.

353

Land and

Land

Rights

0

22,

864

22,

864

-

354

Structures and Improvements

-

-

355’

Power Generation Equipment

‘

0

360

•

CollectionSewers

-

Force

5,

54 2

5, 542

361

CollectionSewers

-

Gravity

11

~

ii

~

362

Speèial Collecting

Structures

-

-

‘

363

-

Services to Customers

0

364

Flow Measuring

Devices

365

Flow Measuring

Installation

389

Other Plant and

Miscellaneous

Equipment

-

SYSTEM PUMPING

PLANT

353

Land and Land

Rights

.

-

354

Structures and Improvements

-

355

Power Generation Equipment

370

Receiving Wells

371

389

Pumping Equipment

Other Plant and

Miscellaneous

Equipment

2.’?

R 3

fl

~

77

~t

-~

n

TREATMENT AND

DISPOSAL PLANT

0

-

353

Landand’Land Rights

-

354

Structuresand Improvements

23,.

p04

-

2 3,

8

04

355

Power Generation Equipment

0

-

-

380

Treatment and Disposal Equipment

381

PlantSewers

-

382

Outfall Sewer

Line

.

‘389

Other Plant

& Miscellaneous

Equipment

-

GENERAL PLANT

-

-

.

353

Land and Land Rights

,

-

354

Structures and Improvements

0

390

Office Furniture and Equipment

-

.

391

Transportation Equipment

392

Stores Equipment

0

393

Tools,

Shop and

Garage

Equipment

-

394

Laboratory Equipment

.

-

-

395

Power Operated Equipment

0

396

Communication Equipment

0

,

0

397

-

Miscellaneous

Equipment

0

0

398

Other Tangible Plant

-

-

TOTALSEWER

PLANT

116,031

I

—

—

11

6, 031

4

Page 24S

---

UTILITY F-~AME

-

-

.

-

Year-of Report

-

emmett

utilities,

inc.

0

Dec.31,

2003

-

-

SEWER OPERATIONAND MAINTENANCEEXPENSE

N~

-

-

-

ACCOUNT

.

‘

Previous

Year

-

Current

Year

-

701

COLLECTION

EXPENSES

0

-

0

-

Salaries and Wages

-

Employees

0

715

Purchased

Power

,

.

0

- -

716

Fuel for Power Production

.

-

718

Chemicals

-

0’

720

Materials and Supplies

-

0

731

.

Contractuat Services

—

Engineering

-

0

0

-

736

Contractual

Services

—

Other

-

-

-

0

0

,

-

-

-

‘-741

Rental of Building/Real Property

,

-

.

-

-

-

742.

-

Rental of Equipment

-

-

0

-

.

.

750

Transportation

Expenses

-

-

-

758

Insurance- Workman’s Compensation

0

-

-

0

-

•

-

‘

,

775

Miscellaneous Expenses

-

0

--

-

0

PUMPING EXPENSES

-

-

-

-

-

0

-

701

715

‘Salaries and Wages-Employees.

Purchased

Power

559

-

,

.

868

-

716

Fuel for Power Production

-

718

Chemicals

.

“

0

720

Materials and Supplies

731

Contractual Services

—

Engineering

.

736

Contractual Services

—

Other

-

0

-

741

742

Rental of Building/Real

Property

Rental of

Equipment