PONTOTOC ELECTRIC POWER ASSOCIATION Results of operations as reported by Pontotoc with subsequent deductions for known subsidies Results of operations adjusted for known subsidies [Figures in parentheses are losses] Source: Pontotoc's annual reports to Tennessee Valley Authority with adjustments as follows: (a) Adjusted to include revenues from the "yardstick" rate only. (b) Adjusted to include a proration of loss in Mississippi on power sales. (c) Adjusted to include a proration of Tennessee Valley Authority's promotional expenses. |