PEA 2009 Annual Report

Contents
Highlights

Description
Year 2009
Year 2008

Increase (Decrease)
2009-2008
Amount
Sales of Electricity Energy (Million Baht)
280,882
257,243
23,639
9.19
Other Operating Revenues (Million Baht)
8,080
7,945
135
1.70
273,696
252,248
21,448
8.50
15,266
12,940
2,326
17.98
(21,520)
(22,081)
561
(2.54)
74,123
71,416
2,707
3.79
262,037
247,323
14,714
5.95
15,060,631
14,600,420
460,211
3.15
90,145
89,602
543
0.61
Average Customer Consumption (kWh)
5,985
6,137
(152)
(2.48)
Average Price of Electricity (Baht / kWh)
3.11
2.87
0.24
8.36
**14,642
*14,127
515
3.65
96,529
95,603
926
0.97
96,444
95,540
904
0.95
84
63
21
33.33
9,031
8,701
330
3.79
H.V.Distribution Lines (Circuit-km)
293,008
289,328
3,680
1.2 7
L.V.Distribution Lines (Circuit-km)
456,754
450,424
6,330
1.41
901
901
Number of Employees
27,847
27,521
326
1.18
Total Villages
73,201
73,213
(12)
(0.02)
Number of Electrified Villages
73,188
73,200
(12)
(0.02)
99.98
99.98
Operating Expenses (Million Baht)

Income from Operations (Million Baht)
Capital Expenditures (Million Baht)
Loans (Million Baht)
Total Assets (Million Baht)
Number of Customers
Total Sales of Electricity (Million kWh)
Total Maximum Demand (MW)

Total Electric Energy (Million kWh)

Purchased Power (Million kWh)
PEA Generation (Million kWh)
Transmission Lines (Circuit-km)
Number of PEA Offices
% of Electrified Villages
* Peak Load in August 2008 (Coincident Demand)

** Peak Load In November 2009 (Coincident Demand)
ANNUAL REPORT 2009
The Provincial Electricity Authority
The Provincial Electricity Authority (PEA) is a government enterprise under the Ministry of Interior. It
was established by a Royal Decree executed on September 20, 1960 and then published in the Government
Gazette on September 27, 1960.

The PEAs three major objectives are:
1. To continue to improve its provision and distribution services of electric energy for customers: to
achieve the highest possible level of sufficiency, efficiency and reliability in power distribution commensurate with
safety practices; to meet the timely need of customers; and to keep pace with changing circumstances.

2. To optimize its business and operations in order to be more profitable and thereby achieve
sufficient revenues to facilitate further development.

3. To develop its organizational structure, man power and resources management in order to
achieve the highest level of efficiency and effectiveness.
ANNUAL REPORT 2009
Service Area

The service area of the PEA is approximately 510,000 km2, accounting for 99 percents of the country.
There are 73 provinces in the service area. In 2009 there were 901 PEAs sub-offices scattered throughout
the country, rendering service to theirs customers. The PEA has grouped its service area into 4 regions.
North Region
Area N.1
Area N.2
Area N.3
Area NE.1
Udon Thani
Northeast
Region
Area NE.1
Area NE.2
Area N.1
Chiang Mai
Area N.2
Phitsanulok
Area NE.3
Area NE.2
Ubon Ratchathani
Area N.3
Lop Buri
Area NE.3
Nakhon Ratchasima
Central Region
Area C.1
Area C.2
Area C.3
PEAs Head
Office, Bangkok
South Region
Area S.1
Area S.2
Area C.1
Phra Nakhon Si Ayutthaya
Area C.3
Nakhon Pathom
Area S.3
Area C.2
Chon Buri
Area S.1
Phetchaburi
PEAs Head Office, Bangkok
Electric Administration Areas Office
Metropolitan Electricity
Authority (MEA) Service Area
Area S.2
Nakhon Si Thammarat
Area S.3 Yala
ANNUAL REPORT 2009
Board of directors 2009

(From February 3, 2009 onwards)
Chairman
Mr. Vichai Srikwan
Veteran Civil Administration, Ministry of Interior
Other Position
Chairman of Board of Directors, Tourism Authority of Thailand
Board Member, TOT Public Company Limited
Date of Birth March 5, 1949
Education
Bachelor of Arts (Political Science),
Chulalongkorn University

Master of Arts (Political Science),
Thammasat University
Experience Permanent Secretary for Interior,
Ministry of Interior

Deputy Permanent Secretary for Interior,

Director-General, Department of Local Administration,

Governor of Chiang Mai Province
Meeting Attendance (time)
13/14
Member
Pol.Lt.Gen. Somyot Poompanmoung
Assistant Commissioner General, Royal Thai Police
Other Position

Board Member, Provincial Waterworks Authority
Board Member, Mass Rapid Transit Authority of Thailand
Board Member, Eastern Water Resources Development and
Management Public Company Limited

Date of Birth December 27, 1954
Education
Bachelor of Political Science,
Royal Police Cadet Academy

Master of Political Science,
University of Pune, India

Certificate, The National Defence Course for the Joint
State-Private sector (Class 17), National Defence College

Experience
Commissioner of Central Investigation Bureau
Inspector General (CM.8), Royal Thai Police
ANNUAL REPORT 2009
9/14
Adm. Sithawat Wongsuwan

Advisor to the Minister of Defence (Strategic Stability Side)
Other Position
Date of Birth January 16, 1947
Education
Bachelor of Engineering in Marine Engineering,
Royal Thai Naval Academy
Experience Director, Workshop Department,
Sattahip Naval Base, Royal Thai Navy

Deputy Commander-in-Chief, Royal Thai Fleet
14/14
Gen. Viddhavat Rajatanun

Director General, Office of Policy and Planning, Ministry of Defence
Other Position

Board Member, TOT Public Company Limited
Date of Birth April 27, 1952

Education
Bachelor of Science, Chulachomklao Royal Military Academy
Army Command and General staff College Class 61
Master of Arts (Political Science), Thammasat University
National Defence College 2005
Experience
Director-General, Defence Information
and Space Technology Department

Director-General, Defence Space Technology Centre
11/14
Mr. Vichan Kunagulsawat

Director General, Department of Rural Roads
Other Position

Veteran Board Member, Mass Rapid Transit Authority of Thailand
Date of Birth May 8, 1951

Education
Bachelor of Engineering, Kasetsart University
Master of Public Administration,
National Institute of Development Administration

The Office of the Civil Service Commission
High Potential Leaders age 41

National Defence College class 47
Experience
Deputy Director - General Department of Rural Roads
Director, Bureau of Maintenance and
Traffic Safety Department, Department of Rural Roads

10/14
ANNUAL REPORT 2009
Member
Mr. Rewat Wisarutwet
Director General, Department of Medical Services
Other Position

Board Member, The Government Pharmaceutical Organization

Education
Bechelor of Medicine, Chiang Mai University
Experience
Deputy Permanent Secretary,
Ministry of Public Health

6/14
Mrs. Jhitraporn Techacharn

Chairman of the PEA Executive Board of Director
Other Position

Referee, Thai Aviation Industries Company Limited
Board Member, Central Laboratory (Thailand) Company Limited
Committee Chairman, SME Permit Building Company Limited
Referee, J.S.N. Law and Business Office Company Limited
Date of Birth December 4, 1952

Education
Bachelor of Social Work, Thammasat University
MPA, The Pennsylvania State University, USA

National Defence College 2005
Certificate of High Potential Administer Course,
Capital Market Academy (age 2)

Experience
Director, Office of Small and
Medium Enterprises Promotion (OSMEP)

Managing Director, Union Finance Public Company Limited
Director & Senior Executive Vice President, ITF Finance &
Securities Public Company Limited

Vice President, Foreign and Institute Division,
Siam Commercial Bank Public Company Limited

10
ANNUAL REPORT 2009
12/14
Pol.Lt.Gen. Suchat Muankaew

Commissioner of Provincial Police Region 4, Royal Thai Police
Other Position
Date of Birth January 4, 1951
Education
Bachelor of Political Science,
Royal Police Cadet Academy

Master of Political Science, Thammasat University

Master of Political Science,
Sukhothai Thammathirat Open University

Master of Laws,
Sukhothai Thammathirat Open University
Experience Commissioner, Metropolitan Police Bureau

Deputy Commissioner, Metropolitan Police Bureau
13/14
Asst.Prof. Sampan Hunpayon

Dean, Faculty of Business Administration, Kasetsart University
Other Position
Date of Birth October 21, 1952
Education
Bachelor of Laws, Chulalongkorn University

Master of Business Administration,
Kasetsart University
Experience Head, Department of Management,
Faculty of Business Administration,
Meeting Attendance (time) 13/14
Mr. Satit Rungkasiri

Director General, The Fiscal Policy Office, Ministry of Finance
Other Position

Date of Birth April 24, 1959

Education
Bachelor of Science, Kasetsart University
M.A.(Economic), Atlanta University, U.S.A.
Experience
Deputy Permanent Secretary, Ministry of Finance
Principal Advisor on Strategic Tax Administration,
The Revenue Department

Deputy Director-General, The Revenue Department
Director of Tax Planning Bureau
9/14
ANNUAL REPORT 2009
11
Member
Asst.Prof. Preecha Ong-aree *

Advisor to the President, King Mongkuts University
of Technology North Bangkok
Other Position
Date of Birth June 25, 1949
Education
Bachelor of Technical Education, King Mongkuts
University of Technology North Bangkok

Certificate of High Potential of Higher Education Executive
Experience President, King Mongkuts University
of Technology North Bangkok

Vice President for Planning and Development,
King Mongkuts University of Technology North Bangkok
Assoc.Prof. Prapart Praisuwanna *

Associate Professor, King Mongkuts Institute of Technology Ladkrabang
Other Position


Education
Bachelor of Engineering (Electric),
King Mongkuts Institute of Technology Ladkrabang

Master of Engineering (Electric),

Experience
Head of Department Electrical Engineering,

Referee, Council of King Mongkuts Institute
of Technology Ladkrabang
12/12
Mrs. Panisara Duangsodsri

Advisor, Thana Benjathikul Law Office Company Limited
Other Position
Director of the Board of Directors, Bangkok Mass Transit Authority
Director, PEA Encom International Company Limited
Education
Bachelor of Law, Ramkhamhaeng University
Experience Manager of Legal Department, Toyota Leasing
Thailand Company Limited

Manager Debt Collection Department, Kamol Sukosol
Investment and Trust Company Limited
12
ANNUAL REPORT 2009
Gen. Rungsard Chamchour **

Director, Office of the Defense Budget
Other Position

Board Member, Metropolitan Electricity Authority
Director of the Board of Directors, Bangkok Mass Transit Authority

Education
Bachelor of Science,
Chulachomklao Royal Military Academy

National Defence College
Experience
Army Comptroller
Director of Army Audit Office
4/4
Mr. Adisorn Kiatchokewiwat

Governor, Provincial Electricity Authority
Other Position

Date of Birth June 13, 1950

Education
Bachelor of Engineering (Mechanical Engineering),

Advance Management Program (AMP 160),
Harvard Business School, U.S.A.


Experience
Deputy Governor, Provincial Electricity Authority
14/14
NOTE :

* Being appointed on March 3, 2009
** Replaced Mr. Nattachak Pattamasingh Na Ayuthaya on September 1, 2009
ANNUAL REPORT 2009
13
Sub - Committee
(From February 3, 2009 onward)
Executive Board of Directors 2009

Meeting Attendance
1. Mrs. Jhitraporn Techacharn
Chairman
23 / 23
Time
2. Mr. Rewat Wisarutwet 1
Member
5 / 13
Time
3. Mrs. Panisara Duangsodsri
Member
22 / 23
Time
4. Mr. Nattachak Pattamasingh Na Ayuthaya 2
Member
13 / 13
Time
5. Gen. Rungsard Chamchour 3
Member
6 / 6
Time
6. Mr. Adisorn Kiatchokewiwat
Member
23 / 23
Time
NOTE:

Terminated on July 24, 2009

Replaced Mr. Nattachak Pattamasingh Na Ayuthaya on September 23, 2009
Audit Committee 2009

Meeting Attendance
1. Asst.Prof. Sampan Hunpayon
Chairman
11 / 12
Time
2. Gen. Viddhavat Rajatanun 1
Member
6 / 7
Time
3. Mr. Vichan Kunagulsawat 2
Member
3 / 7
Time
4. Mr. Satit Rungkasiri
Member
9 / 11
Time
5. Mr. Preecha Ong-aree 3
Member
8 / 8
Time
NOTE:

14
Retired on August 20, 2009

3
Being appointed on March 24, 2009
2
ANNUAL REPORT 2009
The Relations Affairs Committee 2009

Meeting Attendance
1. Pol.Lt.Gen. Somyot Poompanmoung
Chairman
2. PEA Management Representative (9 persons)
Member
3. PEA State Enterprise Labour Union
Member
7 / 11
Time
Representative (9 persons)
Risk Management Committee 2009

Meeting Attendance
1. Mr. Vichan Kunagulsawat
Chairman
6 / 8
Time
2. Mr. Rewat Wisarutwet
Member
4 / 8
Time
3. Mr. Nattachak Pattamasingh Na Ayuthaya 1
Member
2 / 3
Time
4. Pol.Lt.Gen. Suchat Muankaew
Member
6 / 8
Time
5. Mr. Adisorn Kiatchokewiwat
Member
7 / 8
Time

NOTE:
Independent Committee 2009

Meeting Attendance
1. Adm. Sithawat Wongsuwan
Chairman
3 /3
Time
2. Gen. Viddhavat Rajatanun
Member
2 / 3
Time
3. Pol.Lt.Gen. Somyot Poompanmoung
Member
2 / 3
Time
4. Asst.Prof. Sampan Hunpayon
Member
3 /3
Time
5. Mr. Vichan Kunagulsawat
Member
3 /3
Time
6. Mr. Preecha Ong-aree
Member
3 /3
Time
7. Mr. Prapart Praisuwanna
Member
3 /3
Time
8. Pol.Lt.Gen. Suchat Muankaew
Member
3 /3
Time
ANNUAL REPORT 2009
15
Good Corporate Governance Committee

Meeting Attendance
Gen. Viddhavat Rajatanun
Chairman
6 / 6
Time
Adm. Sithawat Wongsuwan
Member
6 / 6
Time
Mr. Satit Rungkasiri 1
Member
1 / 2
Time
Mr. Prapart Praisuwanna 2
Member
5 / 6
Time
NOTE:

1
2

Being appointed on March 24, 2009
The PEAs Governor Nominating Committee

Meeting Attendance
Pol.Lt.Gen. Somyot Poompanmoung
Board Member
1 / 1
Time
Gen. Rungsard Chamchour
Board Member
1 / 1
Time
Mrs. Panisara Duangsodsri
Board Member
1 / 1
Time
Mr. Kwanchai Wongnitikorn
Deputy Permanent Secretary, 1 / 1
Time
Mr. Chanvit Amatamatucharti
Senior Advisor in Policy
and Plan, Office of the
National Economic and
Social Development Board
0 / 1
Time
The PEAs Governor Remuneration Sub-Committee

Meeting Attendance
Mr. Satit Rungkasiri
Sub-Committee Chairman
1 / 1
Time
Ministry of Finance Representative
Sub-Committee Member
1 / 1
Time
Mr. Bancha Kumjinda
Sub-Committee Member
1 / 1
Time
16
ANNUAL REPORT 2009
PEA
EXECUTIVES
PEA EXECUTIVES
Governor
Deputy Governor
Network Business
Mr. Adisorn Kiatchokewiwat
Mr. Pongsakorn Tontivanichanon
Mr. Weerachai Koykul
Deputy Governor
Deputy Governor
(Planning and System Development)
(Network Operation)
Mr. Chokchun Sukanthapruk
Regulated Retail Business
Mr. Samruey Sumanaphan
Mr. Narongsak Kamales
Mr. Manop Thanomkitti
Deputy Governor
Deputy Governor
Deputy Governor
(Regulated Retail Business Region 1) (Regulated Retail Business Region 2) (Regulated Retail Business Region 3)
18
ANNUAL REPORT 2009
Deputy Governor
(Regulated Retail Business Region 4)
Project
Management
Corporate
Development
Corporate Social
Responsibility
Mr. Suwit Smansotivong
Mr. Naris Srinual
Mr. Passorn Wiengket
Deputy Governor
Deputy Governor
Deputy Governor
(Project Management)
(Corporate Development)
(Corporate Social Responsibility)
Venture Business
Mr. Prawat Siripatrodom
Mr. Tho Kongsakul
Mr. Phasook Longsomboon
Deputy Governor (Construction
Deputy Governor
Deputy Governor (ICT Business)
and Maintenance Business)
(Engineering Business)
Corporate Support & Service
Mr. Suttidej Suttisom
Mr. Phisit Phasthaphong
Mr. Bancha Kumjinda
Deputy Governor
Deputy Governor
Deputy Governor
(Corporate Service)
(Accounting and Finance)
(Human Resource Development)
ANNUAL REPORT 2009
19
LETTER FROM CHAIRMAN OF PEAs Board

of Directors
No. 5313.4/18908
Provincial Electricity Authority
200 Ngam Wong Wan Road, Lad Yao
Chatuchak, Bangkok 10900
June 11, 2010
Subject: Performance report of 2009

To:
The Minister of Interior
With the conclusion of fiscal year 2009, the Provincial Electricity Authority (PEA) presents a
performance summary report below:
1. Financial
In 2009, PEA had 262,036.70 million baht in assets, a rise of 14,714.14 million baht or 5.95%
from the previous year; 290,502.80 million baht in revenues derived from operations and other sources, a
rise of 23,925.34 million baht or 8.98%; and 14,000.29 million baht in net income.

For the fiscal year, PEA obtained 12,060.00 million baht in loans, of which domestic loans was
invested in assorted plans and projects (7,580.00 million baht), in loan management through extension of loan
periods (1,580.00 million baht), and in relieving its liquidity problems arising from the so-called six measures,
six months program, under which the government was responsible for paying both the principals and the
interests (2,900.00 million baht). To lower foreign exchange risks, PEA defined its approach for obtaining
domestic loans in the baht denomination primarily through issued bonds, which resulted in its foreign loans
amounting to 7,966.39 million baht and domestic loans 66,156.39 million baht as of 31 December 2009,
or 10.75% and 89.25%. For the year, PEAs management and control of operating expenses were vastly
improved.

PEA invested in plans and projects to develop its power systems and raise its stability and
efficiency to sustain the rising demand and lower losses while preserving the provincial surroundings and
scenery as required by the government. In so doing, it disbursed 13,542.10 million baht, or 93.9% of the
target of 14,424.59 million baht. However, the year saw a procurement and hiring limit that was 898.70 million
baht lower than the actual budget. When this was factored into the adjustment of the disbursement target
under the financial metric calculation procedure, PEAs disbursement capability was found to be 100.1%,
regarded as a big improvement.
26
ANNUAL REPORT 2009
2. Customers
Due to the implemented plans and projects under its power systems, PEA successfully expanded
its distribution system zone to sustain the ever-rising power demand. In 2009 it distributed electricity to
73,188 rural villages, or 99.98% or total villages nationwide, or 15.35 million households, or 98.55% of total
households nationwide under defined service standards.
3. Internal processes
In developing its organizational capability, PEA formed PEA ENCOM International Company
Limited as an affiliate to manage investment in power businesses (both domestic and abroad) and applied
modern, efficient management tools in its management to raise its business competitiveness. The company
managed 10 core power development projects as planned.
4. Learning and growth
PEA developed a learning organization while applying modern information technology, electrical
appliance development technology, and alternative-energy power generation technology to raise the service
quality of power users in line with business competition. In so doing, it managed 12 core projects and
prepared development plans, as planned.
5. Society and environment
PEA organized social responsibility activities while improving the surroundings for sustainability
with communities by undertaking four successful projects as planned.
6. Project management for the year
For the year, PEA installed 9,031 circuit-km of transmission systems, 293,008 circuit-km
of high-voltage distribution systems, and 456,754 circuit-km of low-voltage distribution systems to raise
power system stability by constructing more power stations to ease problems associated with low-voltage,
brownouts, and blackouts. As a result, its performance under the annual agreement with the Ministry of
Finance showed the number of power failures (SAIFI) drop to 9.57/user/year, regarded as a big improvement,
as was the duration of failures (SAIDI), which fell to 385.93 minutes/user/year.
7. Plans for 2010
Financial: PEA aims for a stable financial status to allow for business expansion, proper
liquidity, and profitability for value addition to the organization while generating revenues from supplementary
businesses.

Customers: PEA aims to meet the satisfaction of customers with its quality and services
alike.
ANNUAL REPORT 2009
27
Internal processes: PEA strives to develop power supply procurement filled with quality,
stability, and reliability of international standards, and to bolster organizational capability in innovation and
internal development for greater efficiency.

Learning and growth: PEA aims to promote and bolster personnel competency for greater
expertise and job skills.

Society and environment: As a member of society, PEA aims to show its social and
environmental responsibility.
Summary: For the year, PEAs performance outcomes under its annual agreement with the Ministry
of Finance can be classified as improvement to excellent improvement. PEA focused on power distribution
stability, efficiency improvement to achieve international standards, and service to the public, businesses,
and industries to ensure access by all. Thanks to the policy support of the government and the Ministry
of Interior, the advice and problem-solving of the Board of Directors, and the industrious, perseverant, and
efficient efforts of all its personnel, PEA has registered steady progress through the years while benefiting
Thailand and its people.
Sincerely,
(Mr. Vichai Srikwan)

Chairman, Board of Directors
28
ANNUAL REPORT 2009
Report of the Audit Committee 2009

The Audit Committee of the Provincial Electricity Authority (PEA) was appointed by the Board
of Directors to supervise management, operation, internal control, and internal audit for efficiency and
transparency. In so doing, it followed PEAs audit committee charter of 2003 and the amended charter (No.
2) of 2006 and the manual for audit committees of state enterprises issued by the State Enterprise Policy
Office, Ministry of Finance.

During the year, this committee held 12 meetings, attended by the management, the internal
auditor, and the external auditor, to focus on conforming to good corporate governance. All significant
some by outcomes were reported to the PEA board. This committee performed its duties under its scope
of responsibility, as summarized below:

1. Reviewed monthly and quarterly financial reports and annual financial statements in consultation
with the management and the external auditor to ensure that the preparation and disclosure of information
in financial reports contained adequate, reliable material facts and figures in line with generally accepted
accounting principles

2. Reviewed PEAs risk management and internal control system
3. Reviewed, deliberated, and approved the Internal Audit Bureaus work concerning PEAs
regulations governing the Internal Audit Bureaus charter, manual, self-assessment, strategic and action
plans for improvement, plans, findings, and review results, as well as reviews of risk management plan
implementation and findings of conflicts of interest

4. Encouraged preparation processes of a code of practice for the management and staff,
including the monitoring of code compliance and the managements actions as role models

5. Reviewed PEAs audit committee charter and annual self-assessment, as well as conducting
quarterly board evaluations to ensure complete coverage of duties in line with good practices under the manual
for audit committees of state enterprises issued by the State Enterprise Policy Office, Ministry of Finance

6. Fixed dates for the committees meetings as well as its agenda for the year in advance to
ensure complete coverage of responsibility expected of the committee.

The Audit Committees opinion is that PEA commanded an adequate internal control system and
risk management, and its financial reports followed generally accepted accounting principles. Prudently
and independently performing its duties, the committee provided candid opinions in the best interests of the
organization.
(Assistant Professor Sampan Hunphayon)

Chairman, Audit Committee
ANNUAL REPORT 2009
29
Report of the Risk Management

and Internal Control Committee

The Provincial Electricity Authority (PEA) conducts its core business of procuring, distributing, and
providing electricity services to meet the demand and to maximize the satisfaction of provincial consumers
while valuing social and environmental responsibility. Ushering in its 50th year, PEA has consistently grown in
the middle of ongoing changes worldwide and globalization thanks to its immunity development as a result of
the applications of the concept of risk management and internal control. This forms a practical management
approach, driving its business toward success.

To manage risks and exercise internal control, the Risk Management and Internal Control Committee
defines policies and supervises compliance with them. The year 2009 marked the first time PEA had integrated
corporate governance with risk management and compliance (the so-called GRC) to assess the roles of
the committee and the management in managing corporate risks, as well as assessing the quality of risk
factors under COSO ERM. To this end, the committee and GRC-related panels have defined policies and
strategies for efficient and proper risk management for business circumstances, providing confidence in risk
management procedures for all major risks.

In formulating its risk management and internal control improvement plans, the subcommittees of
all groups in the organization, as well as all related parties, collected and exchanged view on the identification
and choice of risk factors affecting the organization. With consideration of the likelihood of risks that would
stifle PEAs achievement of its strategic goals, as well as conducting SWOT analyses. Such factors with
severe to most severe impacts were accounted for in the preparation of risk management plans and internal
control improvement plans to manage organizational risks, while factors with mild to moderate impacts were
accounted for by the subcommittees of each group in the preparation of risk management plans and internal
control plans of respective sections at the group level.

To enable risk management and internal control systems to continue unabated and in a systematic
way, PEA has instituted a monitoring and assessment system in which performance reporting is done at
organizational and group levels. The system covers significant operation issues, which are discussed to
identify operating approaches before being regularly reported to the committee.

The Risk Management and Internal Control Committee is convinced that PEAs risk management
and internal control have proceeded systematically, particularly with the cooperation of all PEA personnel.
This will serve as a prime driving force for PEAs becoming a leading organization that is accepted by its users
through future years.
(Mr. Vichan Kunagulsawat)

Chairman, Risk Management and Internal Control Committee
30
ANNUAL REPORT 2009
Analysis and assessment of PEAs

Business Circumstances and outlook

Operating outlook for PEA in 2010
Strategic approaches for 2010
The operating strategies for 2010 were defined primarily through the PEA strategic map for accounting
year 2010 through 2014, an overview of long-term organizational strategies. From this emerge business
strategies for 2010 in support of organizational goals defined in such maps.
Operating strategies for 2010

1. Financial: Grow business revenues, lower operating costs and operating expenses, grow
returns on assets for sustained, stable financial status while adding value to PEA
2. Customers: Grow power system stability and improve service quality, maintain market shares,
and nurture customer relationship for maximum satisfaction
3. Internal processes:
Raise business competitiveness and add value to PEA while managing the organization
in an innovative way for greater efficiency, flexibility, and transparency
Restructure PEA through forming an affiliated company for greater operating flexibility.
4. Learning and growth: Develop PEA into a learning society and applying modern information
technology dealing with alternative-energy application in developing electrical appliances to
improve the service quality of electricity users, lower operating expenses, sustain business
competition, and raise the efficiency of power systems while supporting energy-saving
(a public policy) including public lighting, energy-saving equipment, public-lighting control
technology to promote efficient power consumption
5. Society and environment: Support participation in social and environmental responsibility

activities, together with consideration of public safety.
ANNUAL REPORT 2009
31
PEA Strategic Map, Accounting Year 2010-2014

Thailand Vision: Peaceful and Happy Society
A leading international entity in the energy, service, and related businesses

F1 : Growth in value for PEA
F3 : Growth in
returns on assets
F2 : Lower operating costs

and operating expenses
S1 : Social and
environmental responsibility
F4 : Growth in
business revenues
C1 : Service users' satisfaction
products/services
I1 :
More efficient material

management
I2 Lower
procurement and
power distribution costs
I3 : More efficient
risk management,
internal control, and
internal audit
C4 : Diverse products/
services of high quality and
prompt services
C3 : Reliable
power systems
C2 : Fair pricing of
I7 : Greater quality
I4 :
I12 : Improved
research & innovations
and implementation
and efficiency
of power systems
More exploitation
of assets
I5 : Investment
management
to meet goals
I6 :
I8 : Improved
products/services to
suit customer groups
related businesses,
domestic and abroad
I9 :
I11 : Consistently
Intimate understanding
of customers
and groups
Lower cost of funds
L1 : Personnel recruitment and development

of core competencies to drive strategies
L3 : Organization culture stressing

common values and communication
of new strategies
32
C5 : Attention to
nurturing and fostering
of relationships
L4 : Improved merit, ethics,

and corporate governance
ANNUAL REPORT 2009
I10 : Expansion to
improved PR for
corporate image
I13 : Improved
demand-side and
supply-side power
management
C6 : Trustworthy
PEA image
I14 : Management
I16 : Improved
I15 : Promotion of
I17 : Service
network expansion
for complete coverage
of urban and
community power
systems for neatness
efficient power
consumption and
alternative-energy
development
business quality
and safety
L2 : IT development to drive strategies
L5 : Improved leadership
and awareness of accountability
L6 : Alignment in management
systems/pay for performance
L7 : Incentive for participation

in knowledge management
toward a learning organization
Year - over - year performance
Year - over - year performance

The Customers

All types of customers reached 15,060,631 in number at the end of the calendar year, an increase
of 460,211 (3.2%) from the previous year. Residential customers showed the figure of 13,665,807 (90.7%),
business and industrial users were 1,112,918 (7.4%) and 281,906 (1.9%) were the other customers.
Comparison of Customers
customers
Classification of Customers
2009
2008
2007
2006
2005
Residential (<150 kWh)
9,546,103
9,405,703
9,244,574
9,216,750
9,081,115
Residential (>150 kWh)
4,119,704
3,868,244
3,699,440
3,443,492
3,225,375
Small General Service
1,063,392
1,019,569
977,818
912,049
862,902
38,988
37,529
35,526
33,746
31,765
Large General Service
3,563
3,331
3,155
2,820
2,734
Specific Business
6,937
6,215
5,710
4,906
4,322
135,347
127,327
120,959
114,468
108,980
3,492
3,298
3,344
4,578
4,852
143,067
129,166
120,384
110,826
100,975
35
35
33
30
28
15,060,631
14,600,420
14,210,946
13,843,668
13,423,051
3.2
2.7
2.7
3.1
3.6
112.2
108.8
105.9
103.1
100.0
Medium General Service
Government and Non-profit Organization

Agriculture Pumping
Temporary
Stand by Rate
Interruptible Rate
Total
Increase (%)
Index (2005 = 100%)
34
ANNUAL REPORT 2009
Energy Sales

In 2009, the energy sales for all types of users totaled 90,144.9 million kWh, an increase of
542.7 million kWh (0.6%) from the previous year. Of the total amount 20,475.4 million kWh (22.7%) were for
residential customers 65,282.4 million kWh (72.5%) were for business and industrial purposes and 4,387.1
million kWh (4.8%) were for the other purposes.
Comparison of Energy Sales

(Million kWh)
Classification of Customers
2009
2008
2007
2006
2005
Residential (<150 kWh)
7,915.4
7,404.7
7,347.4
7,280.6
7,094.8
Residential (>150 kWh)
12,560.0
11,905.0
11,359.9
10,481.6
9,749.8
Small General Service
7,951.2
7,476.6
7,055.6
6,513.3
6,122.2
Medium General Service
14,663.1
14,793.4
14,669.0
14,146.9
12,815.6
Large General Service
38,359.8
39,602.2
38,841.7
36,778.8
34,825.5
Specific Business
2,589.4
2,425.2
2,254.7
2,077.0
1,848.4
Government and Non-profit Organization
3,398.3
3,142.3
2,996.6
2,800.7
2,696.8
Agriculture Pumping
317.9
281.5
267.9
240.0
249.3
Temporary
670.9
689.3
648.7
620.4
552.7
93.1
92.8
38.2
152.9
64.7
1,625.8
1,789.2
2,067.9
2,110.8
2,093.9
90,144.9
89,602.2
8,7547.6
83,203.0
78,113.7
0.6
2.3
5.2
6.5
6.9
115.4
114.7
112.1
106.5
100.0
Stand by Rate
Interruptible Rate
Total
Increase (%)
Index (2005 = 100%)
ANNUAL REPORT 2009
35
Electric Energy Generated and Purchased

In 2009, the PEAs generation and purchases electricity totaled 96,528.5 million kWh. Of this
amount, the PEA generated its own electric power 84.3 million kWh and purchased 96,444.2 million kWh.
The total maximum demand which appeared in 2009 amounted to 14,642.0 MW, out of which 21.8 MW was
from PEAs generation, 14,603.3 MW was purchased from the Electricity Generating Authority of Thailand
(EGAT), 16.9 MW was purchased from The Department of Alternative Energy Development and Efficiency
(DEDE)
Comparison of Energy Generated, Purchased (Million kWh) and Demand (MW)

Supplying Agency
2009
2008
2007
2006
2005
Generated by PEA
Energy
84.3
62.7
61.0
55.3
44.4
Demand
21.8
17.6
15.5
13.3
11.8
Purchased from
Energy
95,368
94,860.0
93,158.2
88,630.3
83,135
EGAT
Demand *
14,603.3
14,089.6
13,661.6
13,036.0
12,521.3
Purchased from
Energy
101.8
98.2
97.1
95.7
82.6
DEDE
Demand
16.9
19.9
20.5
23.8
17.8
Purchased from
Energy
974.5
582.5
66.4
17.8
10.5
VSPP ***
Demand
Total
Energy
96,528.6
95,603.4
93,382.7
88,799.1
83,272.5
Demand *
14,642.0
14,127.1
13,697.6
13,073.1
12,550.9
Increase (%)
Energy
1.0
2.4
5.2
6.6
6.8
Demand *
3.6
3.1
4.8
4.2
6.8
Index (2005=100%)
Energy
116.0
114.9
112.2
106.7
100.0
Demand *
116.7
112.6
109.1
104.2
100.0
* Coincident Demand
** VSPP : Very Small Power Producer
36
ANNUAL REPORT 2009
Electric Energy for Lighting, Business and Industry

The consumption of business and industry amounted to 65,282.4 million kWh while that of lighting
reached 24,862.5 million kWh when compared to 2008, the consumption of business and industrial sectors
increased 1.4% and lighting increase 6.1%
Comparison of Electric Energy Consumption

(Million kWh)
Purpose of Consumption
2009
2008
2007
2006
Lighting
24,862.5
23,422.9
22,620.5
21,423.3
20,343.4
Business and Industry
65,282.4
66,179.3
64,927.2
61,779.7
57,770.3
Total
90,144.9
89,602.2
87,547.7
83,203.0
78,113.7
0.6
2.3
5.2
6.5
6.9
115.4
114.7
112.1
106.5
100.0
Increase (%)
Index (2005 = 100%)
Year

Lighting
M.kWh

%
M.kWh
2005
Total
M.kWh
1960
23.0
87.1
3.4
12.9
26.4
100.0
1961
48.1
88.7
6.1
11.3
54.2
100.0
1962
57.6
88.3
7.6
11.7
65.2
100.0
1963
68.1
85.8
11.3
14.2
79.4
100.0
1964
79.5
78.0
22.4
22.0
101.9
100.0
1965
96.6
58.6
68.3
41.4
164.9
100.0
1966
137.2
54.7
113.8
45.3
251.0
100.0
1967
189.8
55.2
154.1
44.8
343.9
100.0
1968
223.4
48.8
234.6
51.2
458.0
100.0
1969
258.7
43.0
343.1
57.0
601.8
100.0
1970
311.8
40.5
457.6
59.5
769.4
100.0
1971
370.8
40.1
553.5
59.9
924.3
100.0
1972
488.7
40.3
722.7
59.7
1,211.4
100.0
1973
615.2
39.5
942.2
60.5
1,557.4
100.0
1974
656.8
36.9
1,122.4
63.1
1,779.2
100.0
1975
710.2
33.5
1,409.8
66.5
2,120.0
100.0
1976
866.5
33.1
1,750.2
66.9
2,616.7
100.0
1977
1,081.2
34.1
2,093.2
65.9
3,174.4
100.0
1978
1,305.8
35.8
2,343.8
64.2
3,649.6
100.0
1979
1,545.5
36.3
2,708.2
63.7
4,253.7
100.0
1980
1,762.5
37.5
2,933.3
62.5
4,695.8
100.0
1981
1,995.6
38.3
3,214.1
61.7
5,209.7
100.0
ANNUAL REPORT 2009
37

Year

Lighting
Total
M.kWh
M.kWh
M.kWh
1982
2,306.0
39.5
3,533.8
60.5
5,839.8
100.0
1983
2,593.7
38.8
4,085.8
61.2
6,679.5
100.0
1984
2,981.9
40.1
4,450.7
59.9
7,432.6
100.0
1985
3,360.5
39.3
5,196.6
60.7
8,557.1
100.0
1986
3,341.3
35.9
5,963.6
64.1
9,304.9
100.0
1987
3,315.9
30.3
7,628.1
69.7
10,944.0
100.0
1988
3,616.5
28.7
8,974.0
71.3
12,590.5
100.0
1989
4,157.9
28.1
10,658.8
71.9
14,816.7
100.0
1990
4,976.5
27.9
12,828.1
72.1
17,804.6
100.0
1991
5,819.3
28.0
14,993.1
72.0
20,812.4
100.0
1992
6,776.2
27.8
17,602.5
72.2
24,378.7
100.0
1993
7,874.2
27.3
20,945.0
72.7
28,819.2
100.0
1994
8,400.0
26.0
23,895.7
74.0
32,295.7
100.0
1995
9,626.6
25.4
28,235.3
74.6
37,861.9
100.0
1996
12,025.9
28.4
30,363.7
71.6
42,389.6
100.0
1997
12,012.4
25.5
35,166.9
74.5
47,179.3
100.0
1998
13,109.3
27.3
34,893.8
72.7
48,003.1
100.0
1999
12,615.0
26.0
35,917.3
74.0
48,532.8
100.0
2000
12,189.5
23.3
40,180.8
76.7
52,370.3
100.0
2001
13,645.3
24.2
42,836.4
75.8
56,481.7
100.0
2002
12,932.0
21.5
47,307.4
78.5
60,239.4
100.0
2003
15,151.3
23.1
50,345.4
76.9
65,496.7
100.0
2004
19,503.2
26.7
53,593.3
73.3
73,096.5
100.0
2005
20,343.4
26.0
57,770.3
74.0
78,113.7
100.0
2006
21,423.3
25.8
61,779.7
74.2
83,203.0
100.0
2007
22,620.5
25.8
64,927.2
74.2
87,547.7
100.0
2008
23,422.9
26.1
66,179.3
73.9
89,602.2
100.0
2009
24,862.5
27.6
65,282.4
72.4
90,144.9
100.0
38
ANNUAL REPORT 2009
Offices
PEAs head office is located on 200 Ngam Wong Wan Road, Chatuchak, Bangkok. There are 901
sub-offices scattered throughout the country in 73 provinces, rendering service to their customers.
Comparison of PEA Offices

(Offices)
Type of Offices
2009
2008
2007
2006
2005
73
73
73
73
73
737
737
736
745
737
91
91
92
84
100
Total
901
901
901
902
910
Increase (Decrease) (%)
(0.0)
(0.0)
(0.1)
(0.9)
(0.5)
Index (2005 = 100%)
99.0
99.0
99.0
99.1
100.0
PEA Provincial Office

PEA District Office
PEA Sub-District Office
ANNUAL REPORT 2009
39
Personnel

In 2009, the number of the PEAs staff increased by 326 (1.2%) making the total of 27,847. Of
these, 7,194 staff (25.8%) stationed at the Bangkok Head Office while 20,653 (74.2%) worked in the various
regions throughout the PEAs responsible areas.
Employees Category
(Employee)
Qualification
University Graduation
2009
2008
2007
2006
2005
7,022
6,613
5,938
10,570
5,170
11,173
10,785
9,050
6,886
8,817
Vocational Certificate
6,872
7,167
7,526
5,849
8,759
Other
2,780
2,956
3,214
2,999
3,801
total
27,847
27,521
25,728
26,304
26,547
1.2
7.0
(2.2)
(0.9)
(1.6)
104.9
103.7
96.9
99.1
100.0
Associate Degree
Increase (Decrease) (%)

Index (2005 = 100%)
40
ANNUAL REPORT 2009
Productivity

In 2009, there were 86 varieties of courses designed for 253 groups of 18,595 employees for the
in house training program. Meanwhile, a number of 81 employees were arranged into 21 groups and attended
18 outside courses within the country and a number of 80 employees participated in 13 different programs
overseas : training, conference and seminar. There were 53 scholarships supporting to the employees both
in management level and operationg level. Furthermore, There were 15 courses in non core business.The
figures show the PEAs strong vision on the importance of increasing its employees skill and efficiency which
will result in a better productivity of the organization.
Trend of Labour Productivity

Year

Customers Per
Employee
Index
(Customers)
(%)
Sales Per
Electric Revenue
Employee
Index Per Employee Index
(kWh)
(%)
(Baht)
(%)
2005
506
100.0
2,942,468
100.0
7,808,102
100.0
2006
526
104.0
3,163,130
107.5
9,338,382
119.6
2007
552
109.1
3,402,818
115.7
9,832,248
125.9
2008
531
104.9
3,255,777
110.7
9,347,162
119.7
2009
541
106.9
3,237,149
110.0
10,086,610
129.2
ANNUAL REPORT 2009
41
Projects and Plans

PEAs Power System Development Plan
under the 10th NESDP

The PEA Transmission and Distribution Development plan under the 10th National and Social
Development Plan (2007 2011 A.D.) has the main objective which is develop the power system to be an
adequacy, efficiency and reliability system follows the standardization. PEA Transmission and Distribution
Development plan has been performed to be in accordance with the government policy and country
development strategy.

The PEAs Power System Development plan is set to be consistent with load forecast master plan
of March 2007, which agreed by the Thailand Load Forecast Committee on June 4, 2007.
Load Forecasting

According to the load forecasting March 2007 issue; Base case electricity consumption at the end
of the 10th NESDP (B.E. 2011) is expected to be at approximately 118,745 million units. The peak demand
will be approximately 18,939 MW. There would be roughly 15.90 million customers. Average growth rates
per annum are expected to be 7.06, 7.69, and 2.81 respectively.
The Governments Plan and Policy Toward Electricity Supply

PEAs power system development plan during the 10th NESDP has been conducted on the basis
of development strategy relation to electric power servicing which can be summarized as follows :

1. Develop quality of people and society into a learning and intellectual community.
2. Strengthen community and society as a foundation of the nation.
Objectives

The objectives of PEAs Transmission and Distribution Development plan under the 10th NESDP
can be summarized as follow.

1. To provide for a standardized quality, stable and reliable power supply system
2. To provide for the quality supply system that is sufficient for demand of customers
3. To develop renewable energy according to the Government Policy
4. To extend electricity service to cover agricultural areas in compliance with the Government
Policy
5. To develop the society and environment
6. To encourage the organization to carry on the business operation efficiently an sustainably
7. To develop quality of products and services through appropriate technology
44
ANNUAL REPORT 2009
Summary of PEAs Power System Development Plan

under the 10th NESDP

In order to concern with country development strategies and electricity demand in the future,
including PEA financing. The investment plan of the system development plan under the 10th NESDP consists
of 10 projects. The total investment cost is Baht 70,525 Million.
Project Number
Investment (Million Baht)
1. Infrastructure Development Plan
67,710
2. Basic Economics Plan
1,655
3. Renewable Energy Plan
1,160
10
70,525
Plan
Total
Source of Fund

The fund for the Transmission and Distribution Development plan under the 10th NESDP can be
classified by sources into domestic loan and PEAs revenue.
Source of Fund
Amount (Million Baht)
Share (%)
1. Domestic loans
52,000
73.73
2. PEAs revenues
18,525
26.27
70,525
100.00
Total
ANNUAL REPORT 2009
45
Meter (Sets)
Transformer (kVA)
Submarine Cable (circuit-km)
Underground Cable (Circuit-km)
L.V. Distribution Lines (Circuit-km)
H.V. Distribution Lineas (Circuit-km)
Transmission Lines (Circuit-km)
Number of Substations / Distribution

System Dispatching Centers
Investment (MillionBaht)
PEAs Ongoing Project
1. Transmission System and Substation

Development Project, 9th Stage
Transmission System and Substation
5,340
18
655
1,050,000
4,360
17
365
825,000
7,020
43
260
3,850,000
3,540
14
420
825,000
17,270
14,430
1,236
271,250
11,270
22
665
4,000
100
4,600
12,690
11,530
21,390
1,406,720
1,620
120
57.57
1,655
2,500
3,300
560
350
250
10
Development Project, 9 Stage, Phase 1

th

Development Project, 9th Stage, Phase 2
Development Project, 9 Stage, Phase 3
th

2. The Power Distribution System
Reinforcement Project, 7 Stage
th
3. Distribution System Reliability Improvement

Project, 3rd Stage
4. Distribution System Dispatching Center
Improvement Project
5. Distribution System Efficiency Improvement
Project
6. Submarine Cable Construction to Islands
Project
7. Agriculture Electrification Project
8. Grid Connected Wind Turbine installation
75,000 30,000
Project
9. Renewable Energy Electrification on PEA
Office and Street Lighting Project
10. Micro Hydro Power Plant Plan
46
ANNUAL REPORT 2009
Power System Development Project

under the 10th NESDP (2007-2011)

1. Transmission System and Substation Development Project, Phase 9
(2010-2017)
To construct a 115 kV transmission system and 92 substations in the areas where the demand
is high nationwide in order to increase system efficiency, quality and supply that meet the growing demand
of customers. The project also aims at reducing problems of voltage drops, blackouts and losses in the
distribution system, as well as problems in system operation and maintenance. In addition,it supports the
countrys economic development, especially the regional industrial and business sectors in accordance with
government policy. The projects investment cost is Baht 20,260 million and is expected to take 8 years to
complete.
2. The Power Distribution System Reinforcement Project, Phase 7
(2008-2015)
To construct and reinforce the distribution system throughout PEAs service area nationwide
in order to increase systems efficiency and reliability which will lead to something the decrease problems of
voltage drops, outages and losses in system as well as problems of operation and maintenance. It also aims
at supporting economic development, particularly the decentralization of business and industrial sectors to
provincial areas in accordance with government policy. The investment cost is Baht 17,270 million and the
project is expected to be completed in 8 years.
3. Distribution System Reliability Improvement Project, Phase 3
(2010-2016)
To strengthen power system reliability by installing high quality eletrical equipment in urban areas,
business and industrial zones, industrial estates and significant areas, namely economic zones and historical
sites. The project aims at solving the problem of voltage dips and outages, thus reducing private sectors
losses caused by these factors. The project duration is 7 years, with a Baht 11,270 million investment.
4. Distribution System Dispatching Center Improvement Project
(2010-2015)
To develop and improve control of the dispatching and communication sytem in order to
achieve efficiency in the supply system covering PEAs service area. The project also aims at constructing
communication control centers in 4 regions to improve the control dispatching system in response to the
increasing demand for electricity, which is in accordance with the changing distribution dispatching system.
The 6-year project is allocated a Baht 4,600 million investment.
ANNUAL REPORT 2009
47
5. Distribution System Efficiency Improvement Project
(2009-2014)
To improve the capacity and efficiency of the distribution system as well as its effectiveness
and safety to meet the present needs. The project plans to reduce problems of voltage drops, outtages
and losses in the distribution system as well as problems in system operation and maintenance. The 6-year
project is awarded a Baht 12,690 million investment.
6. Submarine Cable Extension to Island Project
(2010-2013)
To construct a 22 kV and 33 kV distribution system with submarine cable to Ko Kood, Ko
Maak in Trad province; Ko Phrathong in Phang Nga province; Ko Maphrow, Ko Naka Yai in Phuket province in
order to increase the efficiency and reliability in distribution system on these islands. It aims at strengthening
the efficiency, quality and reliability of the distribution system and reducing fuel costs as well as problems in
system operation and maintenance. The project also aims at supporting economic development, especially
tourism, in accordance with goverment policy. The projects operational period is 4 years, with a Baht 1,620
million investment.
7. Agricultural Electrification Project
(2009-2012)
To expand the electrical service to 30,000 households in 293,547 rai of agricultural areas in
the PEA service area. The project aims at solving problems of poverty and upgrading the peoples standard
of living. The direct benefits to the public from the service area expansion include increased productivity,
reduced fuel oil costs which will lead to economic development, an increase in employment, reduction of
income disparity and urban migration, decentralization of development to rural areas and improvement in
the quality of life of the residents. The investment cost of the project is Baht 1,655 million for a period of 4
years.
8. Grid Connected Wind Turbine Installation Project
(2010-2013)
To install 6,000 kW wind turbines in the Northern and Southern regions where the wind power
is adequate to decrease oil and coal consumption and reduce environmental pollution problems. The grid
will serve as a knowledge center for interested parties from various agencies. The use of renewable energy
will be encouraged, in line with government policy. The 4 year plan is allocated a sum of Baht 560 million.
48
ANNUAL REPORT 2009
9. Renewable Energy Electrification of PEA Office and Street Lighting Project
(2008-2012)
1) To install a renewable energy system on the rooftops of PEA headquarters and 12 local
offices.
2) To install a solar street lighting system for villages on island and in remote areas where the
normal distribution systems cannot reach.
The project also aims at improving the standard of living in remote areas, reducing oil
consumption in power production, reducing the environmental impact and encouraging renewable energy
use in accordance with the government policy. The 5 year plan is allocated Baht 350 million investment.
10. Micro Hydro Power Project
(2010-2012)
To construct 10 river run-off micro hydro power plants without dam construction so the
environmental impact is minimal. PEAs fuel consumption will be reduced, the environmental impact will
be minimized, and capacity and reliability will be improved. Renewable energy will also be encouraged in
accordance with government policy. The 3 year project is awarded a Baht 250 million investment.
ANNUAL REPORT 2009
49
Benefits

The following results are expected to benefit after PEA has implemented the Transmission and
Distribution Development plan under the 10th NESDP as mentioned above.
Electricity service expansion

1. PEA will be able to extend electricity service to meet the demand, based on each areas
potential. It is expected that the peak demand will increase from 13,073 MW in 2006 to 18,461 MW in 2011,
which is 7.15 percent per annum. The number of customers is expected to increase from 13.88 million in
2006 to 15.99 million in 2011, or 2.86 percent per annum.

2. Electricity services will be extended to cover agricultural areas of approximate 35,860 plots.
Improvement of quality in supplying reliability

A continual improvement in quality and reliability in supplying system will be conducted. Voltage
drop and outage which is frequent and prolonged will be reduced.
Economic and social

1. Support the development of economic stability. Standard of living will be raised by the extension
of infrastructure service to people in the provincial and rural areas as possible.

2. Encourage the liveable city by electricity system management for good scenery.
3. Support the job creation in rural areas, including development of household-level industry,
rural industry, and community-level industry. This will help rural people to get more job, gain more incomes
and reduce their migration to town.

4. Develop the use of energy by emphasizing the impact on natural resource and environmental
circumstance, the better quality of life and good health of the rural people.
50
ANNUAL REPORT 2009
PEA s ongoing Project under the 9th NESDP

Project
Duration

1. Transmission System and Substation Development Project,
Investment
(Million Baht)
2005 - 2011
8,904.00
2005 - 2012
5,392.00
3. The Power Distribution System Reinforcement Project, 6th stage
2004 - 2010
16,535.00
4. Rural Household Electrification Project, 3rd stage
2003 - 2009
3,669.00
922.00
8th stage,phase 1
2. Transmission System and Substation Development Project,

8th stage, phase 2
5. Submarine Cable Extension to Electrified Islands

Ko Samui, Suratthanee Province
2005 - 2006
Ko Lan and Ko Si-chang, Chonburi Province
2007 - 2008 322.00
Ko Muk, Ko Sukorn and Ko Libong, Trang Province
2008 - 2009
338.00
6. Distribution System Dispatching Center Project, 2nd stage
2005 - 2010
8,427.00
7. Distribution System Reliability Improvement Project, 2nd stage
2006 - 2010
4,225.00
8. Underground Cable Development in Large Town Project
2005 - 2009
1,107.00
9. The GIS Development Project, 2nd Stage
2005 - 2010
1,770.00
ANNUAL REPORT 2009
51
Power System Development Plan

PEAs Ongoing Project

1. Transmission System and Substation Development Project, 8th Stage (2005 - 2012)
To construct the 115 kV transmission system and substation in area where the demand is
obviously high for 70 substations all over the country in order to strengthen system reliability to achieve the
sufficiency. Problem on voltage drop, outage and losses will be reduced and problem on system operation
and maintenance will be reduced too. The total investment cost is Baht 14,296 mllion for 8 years.
2. The Power Distribution System Reinforcement Project, 6th Stage (2004 - 2010)
To construct the distribution system reinforcement in order to strengthen the efficiency and
reliability to meet the increasing demand of customers particularly in business and industrial sector and
communities. The total investment cost is Baht 16,535 mllion for 7 years.
3. Rural Household Electrification Project, 3rd Stage (2003 - 2009)
To extend electricity service to household in rural area where electricity supply has not yet been
supplied, including to the newly established villages approximately 150,000 households, In PEAs service area,
rural villagers will be supplied with electricity in accordance with the governments policy and the demand
of the rural people. Productivity will increase, Living standard disparity and rate of migration to town can be
reduced. The total investment cost is Baht 3,669 mllion for 7 years.
4. Submarine Cable Extension to Electrified Islands (2005 - 2009)
To construct and reinforce the 115 kV transmission line with submarine cable from Khanom
substation to Ko Samui and to construct the 22 kV and 33 kV distribution system with Submarine Cable to
Ko Lan, Ko Si-Chang of Chonburi Province, Ko Muk, Ko Sukorn, Ko Libong of Trang Province in order to
strengthen the efficiency and reliability in distribution system. Problems on voltage drop and losses will be
reduce and also to support economic development of the particularly the tourism promotion in accordance
with the Government Policy. The total investment cost is Baht 1,582 mllion for 5 years.
5. Distribution System Dispatching Center Project, 2nd Stage (2005 - 2010)
To construct 7 distribution system dispatching centers in order to control dispatching system
and Communication system network by optical fiber in the north, east and south. The 7 Centres will be
located at Chiangmai, Phitsanulok, Nakhon Si Thammarat, Yala, Udon Thani, Ubon Ratchathani and Nakhon
Ratchasima. Power System control and dispatching and solution to outages can be handled rapidly and
safely. The total investment cost is Baht 8,427 mllion for 6 years.
52
ANNUAL REPORT 2009
6. Distribution System Reliability Improvement Project, 2nd Stage (2006 - 2010)
To construct and improve distribution system by using insulated conductor, improve 115 kV
Transmission System, renovation substation and switchgear substations in order to strengthen the efficiency
and reliability. Problems on voltage dip and outages in distribution system can be solved, losses could be
reduced in business and industrial sector. The total investment cost is Baht 4,225 mllion for 5 years.
7. Underground Cable Development in Large Town Project* (2005 - 2009)
To improve the distribution system by installing underground cable in order to strengthen system
reliability in area where technical problems in construction process have been interfaced and to conserve
environmental condition as well as the beauty of scenery and safety in town. The total investment cost is
Baht 1,107 mllion for 5 years.
8. The GIS Development Project, 2nd Stage* (2005 - 2010)
To provide and install GIS Computer System in electric works level 1, level 2 to support
PEAs operation in several field e.g. planning, design, operation system maintenance and customer service
to achieve the optimum benefit and higher efficiency, The total investment cost Baht 1,770 mllion.
Remarks * The Underground Cable Development in Large Town Project and the GIS Development Project,

2nd Stage were adjusted to long term plan.
ANNUAL REPORT 2009
53
financial statements
AUDITORS REPORT
To
The Board of Directors of the Provincial Electricity Authority
The Office of the Auditor General of Thailand has audited the balance sheet of the Provincial
Electricity Authority as at December 31, 2009 and 2008, and the related statements of income, changes
in equity and cash flows for the years then ended. These financial statements are the responsibility of the
Provincial Electricity Authoritys management as to their correctness and completeness of the presentation.
The responsibility of the Office of the Auditor General of Thailand is to express an opinion on these financial
statements based on the audits.

The Office of the Auditor General of Thailand conducted the audits in accordance with generally
accepted auditing standards.Those standards require that the Office of the Auditor General of Thailand plan
and perform the audit to obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence sopporting the amounts and
disclosures in the financial statements. An audit also include assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statements presentation.
The Office of the Auditor General of Thailand believes that the audits provide a reasonable basis for the
opinion.

In the opinion of the Office of the Auditor General of Thailand, the financial statements referred to
above present fairly, in all material respects, the financial position of the Provincial Electricity Authority as at
December 31, 2009 and 2008, and the results of operations, its changes in equity and its cash flows for the
years then ended, in accordance with generally accepted accounting principles.
Jaruvan Maintaka
(Khunying Jaruvan Maintaka)
Auditor General
Thipvarin Charaschirakul
(Miss Thipvarin Charaschirakul)
Director of Audit Office
Office of the Auditor General of Thailand

March 10, 2010
ANNUAL REPORT 2009
57
BALANCE SHEETS
As at December 31, 2009 and 2008

Assets
Notes

2009
(Baht)
2008
(Baht)
Current Assets

Cash and cash equivalents
3.1, 4.1
4,716,460,022.25
2,047,309,465.11
Trade accounts receivable - net
3.2, 4.2
22,336,871,766.70
18,178,784,183.55
Materials and supplies - net
3.3, 4.3
8,663,612,528.38
9,604,123,847.58
Restricted deposits at financial institutions
3.4, 4.4
7,780,693,529.05
12,429,535,500.96
Accrued revenues
4.5
8,634,044,491.06
3,265,919,887.92
Undue input VAT
1,572,838,325.86
1,580,610,014.56
Advance payments to suppliers
1,551,280,119.10
1,795,068,928.66
Other current assets
954,418,472.37
1,059,172,031.74
56,210,219,254.77
49,960,523,860.08
4.6
Total Current Assets
Non-current Assets

Investment in subsidiary
3.5, 4.7
25,000,000.00
Property, plant and equipment - net
3.6, 4.8
180,321,689,002.82
166,924,947,227.38
Constructions in progress
4.9
23,792,800,790.09
29,222,959,576.37
Intangible assets - net
3.7, 4.10
783,721,018.88
168,372,632.93
Assets pending for usage
3.8
762,783,996.74
891,760,774.86
Other non-current assets
4.11
140,487,365.74
153,998,276.97
Total Non-current Assets
205,826,482,174.27
197,362,038,488.51
Total Assets
262,036,701,429.04
247,322,562,348.59
The notes to financial statements are an integral part of these financial statements.
58
ANNUAL REPORT 2009

Liabilities and Equity
Notes

2009
(Baht)
2008
(Baht)
Current Liabilities

Bank overdrafts
4,289,924,829.86
2,054,137,459.30
Trade accounts payable
4.12
23,338,540,565.65
24,604,249,459.76
Current portion of long-term loans
3.9, 3.10, 4.13
11,254,954,500.89
8,927,091,583.53
Other payables
319,619,656.90
305,675,691.84
Accrued interest expense on loans
807,116,724.13
895,293,344.18
Accrued remittance to the Ministry of Finance
4,546,493,000.00
3,359,156,000.00
Advance received per contracts
585,106,387.01
310,355,026.88
Unearned revenues
182,199,721.17
56,858,624.73
Accrued expenses
1,741,598,662.87
1,565,842,194.76
Other current liabilities
330,318,400.65
420,820,938.47
47,395,872,449.13
42,499,480,323.45
62,867,797,222.71
62,489,347,925.67
4.14
4.15
Total Current Liabilities
Non-current Liabilities

Long-term loans
Long-term provisions
3.11
34,129,452.84
34,808,289.84
Construction obligations
4.16
4,346,596,821.49
5,067,894,016.77
Deferred revenues
3.12, 4.17
31,290,995,438.69
29,317,690,637.43
Electricity usage guarantee
3.13, 4.18
14,606,924,633.07
13,677,066,351.71
Sales and service guarantee
318,268,619.55
361,778,241.26
Employee gratuity fund
3.14, 4.19
38,710,099.03
39,045,149.59
3.9, 3.10, 4.13
Total Non-current Liabilities
113,503,422,287.38 110,987,630,612.27
Total Liabilities
160,899,294,736.51 153,487,110,935.72
Equity

Initial capital
87,003,886.67
87,003,886.67
Contributions from the government
4,802,500,915.46
4,802,500,915.46
Unappropriated retained earnings
96,247,901,890.40
88,945,946,610.74
Total Equity
101,137,406,692.53
93,835,451,412.87
Total Liabilities and Equity
262,036,701,429.04 247,322,562,348.59
ANNUAL REPORT 2009
59
STATEMENTS OF INCOME
For the years ended December 31, 2009

Notes

2009
(Baht)
Revenues

Sales of electricity energy
280,881,824,815.80
Other operating revenues
8,079,593,902.11
Other income
Gain on foreign exchange
Others
1,099,481,460.86
1,541,381,384.79
Total Revenues
290,502,800,102.70
Total Operating Revenues
Total Other Income
3.16
3.9, 4.20
288,961,418,717.91
441,899,923.93
Expenses

Cost of sales and services
255,930,133,517.44
Administrative expenses
13,341,591,094.93
Selling expenses
4,411,610,147.18
Directors remuneration
12,428,134.91
Other expenses
Loss on foreign exchange
Total Other Expenses
3.9, 4.20
Total Expenses
273,695,762,894.46
Income before financial costs
16,807,037,208.24
Financial costs
3.17
2,806,744,928.58
Net income
4.21
14,000,292,279.66
60
ANNUAL REPORT 2009
STATEMENTS OF CHANGES IN EQUITY

Initial Capital and Unappropriated

Contributions from Retained Earnings
the Government
(Baht)
(Baht)
Balance as at January 1, 2008

Accumulated amount from
Remittance for year 2007 to the
Ministry of Finance (addition)
Balance after adjustments

Interim remittance from net income for
Reserve for remittance from net income
for year 2008 to the Ministry of
Finance
Net income for year 2008
year 2008 to the Ministry of Finance
Balance as at December 31, 2008

Accumulated amount from
Remittance for year 2008 to the
Ministry of Finance (addition)
Balance after adjustments

Interim remittance from net income for
Reserve for remittance from net income
for year 2009 to the Ministry of
Finance
Net income for year 2009
year 2009 to the Ministry of Finance
Balance as at December 31, 2009
4,889,504,802.13

-
4,889,504,802.13
-
4,889,504,802.13

-
4,889,504,802.13
(Baht)
83,306,065,472.54
88,195,570,274.67
(23,000.00)
(23,000.00)
83,306,042,472.54
88,195,547,274.67
(1,951,000,000.00)
(1,951,000,000.00)
(2,578,156,000.00)
(2,578,156,000.00)
10,169,060,138.20
10,169,060,138.20
88,945,946,610.74
93,835,451,412.87
(561,844,000.00)
(561,844,000.00)
88,384,102,610.74
93,273,607,412.87
(3,196,000,000.00)
(3,196,000,000.00)
(2,940,493,000.00)
(2,940,493,000.00)
14,000,292,279.66
14,000,292,279.66
96,247,901,890.40
101,137,406,692.53
-
4,889,504,802.13
Total Equity
ANNUAL REPORT 2009
61
STATEMENTS OF CASH FLOWS


Notes

2009
(Baht)
Cash Flows from Operating Activities:

Net income
14,000,292,279.66
Adjustments of net income to net cash provided by (used in)
operating activities:
Depreciation and amortization
12,536,329,117.71
Bad debts and doubtful accounts
(27,452,704.47)
Provision for obsolete materials and supplies
(88,473.17)
Amortization of deferred revenues
(2,749,357,456.50)
Provisions
(678,837.00)
Gain on disposal of assets
(152,539,565.54)
Loss (gain) on disposal of materials and supplies
(29,800,172.14)
Loss (gain) on foreign exchange
(416,457,499.11)
Interest income
(294,495,231.59)
Interest expense
2,801,564,443.69
Net income from operating activities before changes in operating
assets and liabilities
25,667,315,901.54
Changes in operating assets (increase) decrease
Trade accounts receivable
(4,100,982,460.55)
Materials and supplies
1,628,513,077.22
Restricted deposits at financial institutions
4,648,841,971.91
Accrued revenues
(5,407,746,741.15)
Interest received
334,117,369.60
Undue input VAT
7,771,688.70
Advance payments to suppliers
243,788,809.56
Other current assets
75,089,430.74
Other non-current assets
13,522,621.73
Change in operating liabilities increase (decrease)
Trade accounts payable
(1,265,708,894.11)
Other accounts payables
13,943,965.06
Advance received per contracts
274,751,360.13
Unearned revenues
125,341,096.44
62
ANNUAL REPORT 2009

Notes

2009
(Baht)
Accrued expenses
175,756,468.11
Other current liabilities
(90,502,537.82)
Construction obligations
(721,297,195.28)
Deferred revenues
4,722,662,257.76
Electricity usage guarantee
929,858,281.36
Sales and service guarantee
(43,509,621.71)
Employee gratuity fund
(335,050.56)
Remittance to the Ministry of Finance
(5,511,000,000.00)
21,720,191,798.68
Net cash provided by operating activities
Cash Flows from Investing Activities:

Payment of investment in subsidiary
(25,000,000.00)
Payment of property, plant and equipment
(1,987,057,535.95)
Payment for constructions in progress
(18,446,820,908.82)
Interest expense capitalized to constructions in progress
(577,610,640.82)
Proceeds from disposal of property, plant and equipment
337,406.30
Payment of intangible assets
(612,682,360.70)
Proceeds from disposal of assets pending for usage
128,976,778.12
(21,519,857,261.87)
Net cash used in investing activities
Cash Flows from Financing Activities:

Increase in bank overdrafts
2,235,787,370.56
Interest paid
(2,889,741,063.74)
Payment of long-term loans
(8,937,230,286.49)
Proceeds from long-term loans
12,060,000,000.00
Net cash provided by (used in) financing activities
2,468,816,020.33
Net increase (decrease) in cash and cash equivalents
2,669,150,557.14
Cash and cash equivalents at the beginning of periods
2,047,309,465.11
Cash and cash equivalents at the end of periods
4,716,460,022.25
3.1, 4.1
ANNUAL REPORT 2009
63
NOTES TO THE FINANCIAL STATEMENTS

1. Operations of PEA
The Provincial Electricity Authority (PEA) was established as a state enterprise for public utility
under the Provincial Electricity Authority Act B.E. 2503 (1960) and is located at 200 Ngamwongwan Road,
Ladyao, Chatuchak, Bangkok 10900. The main objective of PEA is to generate, obtain, distribute and sell
electricity energy to people, businesses, and industrial sectors in 73 provinces throughout Thailand, with the
exception of Bangkok, Nonthaburi and Samut Prakan provinces.

PEA has extensive transactions and relationships with the Electricity Generating Authority of
Thailand (EGAT). Most of electricity energy sold to customers by PEA was purchased from EGAT. Accordingly,
the financial statements may not necessarily be indicative of the conditions that would have existed or the
results of operations that would have occurred if PEA had operated without such affiliations.
2. Basis for Presentation of Financial Statements
The financial statements have been prepared in Thai Baht and in Thai language in accordance
with accounting standards and practices generally accepted in Thailand. The accounting transactions of the
PEAs employee gratuity fund are included.
3. Summary of Significant Accounting Policies
3.1 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits at banks and financial
institutions with original maturities of 3 months or less, excluding deposits at banks used as collateral.
3.2 Allowance for doubtful accounts
Allowance for doubtful accounts is based on potential loss from uncollectible receivables
which is estimated from historical collection experiences and a review of the current status of the nongovernmental or state enterprise receivables outstanding as at the balance sheet date, after deducting
electricity usage guarantee in accordance with the regulation of the Ministry of Finance regarding Accounting
and Finance of Government Enterprise B.E. 2548 (2005) and a resolution of PEAs Audit Committee Meeting
No. 3/2549 dated March 10, 2006 as follows:

Overdue period

Percentage of allowance
for doubtful accounts
Over 6 months - 1 year
50
Over 1 year
100
Increases and decreases in allowance for doubtful accounts are recognized as expenses or
income for the period when incurred.
64
ANNUAL REPORT 2009
3.3 Materials and supplies - net
Materials and supplies are stated at the lower of the cost or net realizable value. Cost
is determined using the weighted average cost method. Allowance is made in full for obsolete, materials and
supplies under investigation and materials and supplies pending for claim.
3.4 Restricted deposits at financial institutions
Restricted deposits at financial institutions which are deposits to be used within one
accounting period and with the specific purposes and conditions such as use for the benefits of electricity
users, use in the Government grant projects, use for training, analysis and research scholarships, etc., such
deposits include interest from Kf W Fund, interest from electricity usage guarantee, subsidy from Energy
Conservation Policy of the Energy Policy and Planning Office and other governmental agencies, deposits
that PEA can use as its working capital when having the deficits in working capital such as electricity usage
guarantee fund and sinking fund for repayment of bonds, and employees loan guarantee are classified as
restricted deposits at financial institutions under current assets.

Restricted deposits at financial institutions which are deposits to be used longer than one
accounting period and cannot be used for operating activities such as employee gratuity fund, are classified
as restricted deposits at financial institutions under other non-current assets.
3.5 Investment in subsidiary
Investment in subsidiary is accounted using the cost method.
3.6 Property, plant and equipment
PEAs policies for property, plant and equipment, and depreciation are summarized as
follows:

Property, plant and equipment are initially recognized at cost which is calculated
from purchase prices plus any costs directly attributable to bringing the asset to the location and condition
necessary for it to be capable of operation in the manner intended. Self-constructed assets are recorded at
construction costs, consisting of material costs, direct labor and construction related expenses. Property is
stated at cost. Plant and equipment are stated at cost less accumulated depreciation.

Property comprises land used in the operation and land derived by operating
objective with certain plan of usage within one year.

Depreciation is calculated using the straight-line method over the estimated useful
lives of the assets as follows:
Percentage per annum
Buildings and constructions
3 and 6.25
Electricity generating systems
3, 5 and 10
Electricity distributing systems
4 - 20
Furniture, tools, equipment and vehicles

7.5 - 20
In case of disposal, PEA writes off cost of assets and its accumulated depreciation from
the accounts, and recognized gain or loss on disposal of assets as other income or other expenses in the
statement of income.
ANNUAL REPORT 2009
65
3.7 Intangible assets
Intangible assets represent license fee for using of computer software which can be
separated from the related hardware. Amortization is calculated using the straight-line method, at the rate of
20% per annum.
3.8 Assets pending for usage
Land acquired for use in operations but has not been used at the present are stated at
cost and classified as assets pending for usage under other non-current assets. Whilst land acquired with
objective for use in operations and having specific plan of use within one year are classified as non-current
assets under property, plant and equipment.
3.9 Foreign currency transactions
Foreign currency transactions are translated into Baht by the exchange rates prevailing
at the transaction date. Monetary assets and liabilities at the balance sheet date denominated in foreign
currencies are translated into Baht at the reference exchange rates announced by the Bank of Thailand at
such date. Gains or losses on exchange arising on settlements and translation are recognized as income or
expenses for the period when incurred.
3.10 Financial instruments
Financial assets as at the balance sheet date of PEA include cash and cash equivalents,
and trade accounts receivable. Whilst financial liabilities are obligations under contracts including trade
accounts payable, other payables, other current liabilities, short-term loans and long-term loans.
3.11 Provisions
PEA recognizes the provisions in the balance sheet when contingent liabilities arising
from legal claims or estimated from past events are created, and it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligations, and such amount of the obligations
can be estimated with sufficient reliability. The actual results may differ from those estimates.

Provisions which due within one year are classified as short-term provisions and provisions
which due more than one year are classified as long-term provisions.
3.12 Deferred revenues
3.12.1 Contributions for constructing electricity distribution systems represent cash
collected from people who request to use the electricity in order to reduce the burden of PEA for construction
of the electricity distribution systems. Ownership of the systems including responsibility maintenance and
repair thereof belong to PEA. Such contributions are presented as deferred revenues in the balance sheets
and recognized as revenues at the rate of 5% per annum (equals to the depreciation rate of PEAs electricity
distribution systems)

3.12.2 Contribution revenues represent assets received from donation which are used in
operations. Most of such assets are electricity distribution systems that the electricity users donate to PEA,
which PEA is responsible for maintenance. Such assets are presented as deferred revenues from donated
assets in the balance sheets and recognized as revenues at the rate in accordance with depreciation rates
of such assets over their useful lives.

Assets received from donation which are not used in operations are recognized as other
non-operating revenues in the statements of income in the period of acquisition.
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ANNUAL REPORT 2009
3.12.3 Contribution revenues from foreign financial institutions represent contributions
made by foreign financial institutions in form of interest discount for uses for certain purpose of PEA. Such
revenues are presented as deferred revenues in the balance sheets and recognized as revenues based on
the actual amount of expenses as incurred.
3.13 Electricity usage guarantee
According to the Regulation of the Provincial Electricity Authority effective from August 23,
2000 regarding Electricity Usage Guarantee Administration B.E. 2543 (2000), the Governor has to deposit
Baht 600 million of working capital in the bank account named Electricity Usage Guarantee Fund to reserve a
fund for refunding of electricity usage guarantee to electricity users, and interest income is separately deposited
in the bank account named Interest from Electricity Usage Guarantee Fund. The remaining electricity usage
guarantee after deducting reserve for refunding of electricity usage guarantee to electricity users can be
used as working capital under the consideration and approval of the Board of Directors of PEA by paying
a return to the fund at the same interest rate established by Krung Thai Bank Public Company Limited for
savings account of state enterprises by depositing in the Interest from Electricity Usage Guarantee account
on a monthly basis. PEA also has to transfer its working capital equal to the net increase in electricity usage
guarantee in each month to the Electricity Usage Guarantee Fund account and to repay electricity usage
guarantee fund which was used as working capital to the Electricity Usage Guarantee Fund account not
less than Baht 100 million each month until the electricity usage guarantee received from electricity users is
fully covered. In case of working capital deficiency or liquidity difficulty, the repayment can be postponed with
the approval of the Governor and reporting to the Board of Directors. PEA can use interest from electricity
usage guarantee fund in activities that are beneficial directly to electricity users and/or other public interests
as specified by the Governor and approved by the Board of Directors.
3.14 Employee gratuity fund
PEA establishes employee gratuity fund for the purpose of giving aid to employees in
case of termination without guilt in accordance with the Regulations of the Provincial Electricity Authority on
Employee Gratuity Fund and Benefit for PEA Employees B.E. 2522 (1979). PEA pays monthly contribution
at the rate of 10% of monthly employee salaries and recognizes as an expense in the statements of income.
In this regard, the financial statements of PEA include transactions of the fund and also eliminate the related
party transactions.
3.15 Research and technology development fund
PEA establishes research and technology development fund, according to the policy
of the Office of the National Economic and Social Development Board to continuously promote and support
existing and new research and technology development in high efficiency manner. The fund aims to reduce
the dependence and the importation of technology from abroad. Consequently, PEA enables to apply the
results of research and development to PEAs operations in the highest efficiency. PEA has contributed Baht
455 million from its budget as a funding for domestic education and research and development institutions
and business units within PEA.

The contributions of research and technology development occurred will be recognized
as an expense.
ANNUAL REPORT 2009
67
3.16 Revenue recognition
Sales of electricity energy are recognized on a monthly basis as cycle time recording of
electricity usage units from customers electric meters.

Sales of electricity equipment are recognized when goods are delivered, and ownership
is transferred to customers.

Income from constructions for electricity users is recognized in proportion of actual costs
Deferred contributions for construction is recognized as income at the rate of 5% per
incurred.

annum (equaled to depreciation rate of related assets).

Interest income is recognized on a time proportion basis using the effective yields of
interest bearing assets.
3.17 Financial costs
Financial costs represent costs incurred from seeking operational funds including interest
expense and fee paid.

Interest expense and other expenses related to long-term loans made specifically for
the purpose of acquiring fixed assets, which such asset are under construction, are capitalized as costs of
construction in progress. Interest and other expenses incurred subsequent to the completion of construction
are recognized as expenses.
4. Supplementary information
4.1 Cash and cash equivalents

The amount of Baht 4,716.46 million, which consisted of cash Baht 97.29 million and
cash at banks Baht 4,619.17 million.
4.2 Trade accounts receivable - net
Totalled Baht 22,336.87 million, which consisted of accounts receivable from sales of
electricity net Baht 21,640.32 million and accounts receivable from sales of equipment and rendering of
services net Baht 696.55 million.

4.2.1 Accounts receivable from sales of electricity - net
Totalled Baht 22,098.25 million are summarized as public sector Baht 2,709.55
million and private sector Baht 19,388.70 million. Less allowance for doubtful accounts Baht 457.93 million
as accounts receivable from sales of electricity net Baht 21,640.32 million.

4.2.2 Accounts receivable from sales of equipment and rendering of services - net
Totalled Baht 1,706.84 million are summarized as receivables from sales and
rendering of services Baht 87.82 million, receivables from construction obligations Baht 657.66 million,
receivables from construction obligations due from TT&T PLC. Baht 941.28 million and other receivables
Baht 20.08 million. Less undue VAT from sales Baht 114.80 million, less allowance for doubtful accounts
Baht 895.49 million as the accounts receivable from sales of equipment and rendering of services net Baht
696.55 million.
68
ANNUAL REPORT 2009
Receivables from construction obligatins due from TT&T PLC are receivables that
were authorized by the Telephone Organization of Thailand to carry out business relating to obtaining permission
to put up the distribution poles and lines, payment for expenses relating to such putting up, communicating
and coordinating with PEA for expansion of the one million telephone lines within the provinces project.

As at December 31, 2009 and 2008, receivables from construction obligations
due from TT&T PLC amounting to Baht 941.28 million include receivables from construction obligations
amounting to Baht 879.70 million and undue output VAT from sales amounting to Baht 61.58 million, which
PEA has made full provision of Baht 879.70 million.

PEA prosecuted the civil suit against the Telephone Organization of Thailand
(currently, TOT Corporation Public Company Limited) in case of ignoring of making a payment and on
November 1, 2001, the public prosecutor filed the accusation against the Telephone Organization of Thailand
to the Civil Court as undecided case No. 5389/2544. Subsequently, on May 17, 2007, the Civil Court had
an order No. 6554/2545 to the defendant (Telephone Organization of Thailand) to make a payment to the
plaintiff (PEA) amounting to Baht 229.77 million with interest at the rate of 7.5% per annum of the principal
of Baht 192.25 million from the date the Central Bankruptcy Court had an order to file for rehabilitation (May
5, 2000) onwards until full payment. The case is currently under the consideration of the Appeal Court.
4.3 Materials and supplies - net
The amount of Baht 8,677.65 million, which consisted of operating materials and supplies
Baht 513.35 million, materials and supplies for construction and maintenance Baht 6,720.52 million, materials
and supplies for repair Baht 942.96 million, demolition materials and supplies, and obsolete materials and
supplies Baht 200.63 million, materials and supplies pending for adjustments Baht 11.54 million and materials
and supplies in transit Baht 288.65 million. Less allowance for obsolete materials and supplies Baht 2.50
million and allowance for loss or misstated or lost materials and supplies under investigation Baht 11.54
million as the materials and supplies net Baht 8,663.61 million.
4.4 Restricted deposits at financial institutions
Totalled Baht 7,780.69 million, which consisted of electricity usage guarantee fund
Baht 6,033.91 million, sinking fund for repayment of bonds Baht 316.90 million, interest from electricity
usage guarantee Baht 1,211.99 million, interest from K f W fund Baht 141.40 million, subsidy from Energy
Conservation Policy from the Energy Policy and Planning Office and other governmental agencies Baht 76.49
million and PEA fund for guarantee of employees loans Baht 0.004 million.

Electricity usage guarantee fund and sinking fund for repayment of bonds are deposits
at financial institutions that can be used in PEAs activities in case of PEA having deficits in working capital.
Interest from electricity usage guarantee, interest from Kf W Fund, subsidy from Energy Conservation Policy
from the Energy Policy and Planning Office and PEA fund for guarantee of employees loans are deposits at
financial institutions which are restricted for specific purposes as determined by PEA.
4.5 Accrued revenues
Totalled Baht 8,634.04 million, which consisted of accrued interest Baht 38.77 million,
accrued revenues from discount on electricity according to Cabinets Resolution Baht 8,320.07 million and
other accrued revenues Baht 275.20 million.
ANNUAL REPORT 2009
69
4.6 Other current assets
Totalled Baht 954.42 million, which consisted of employee receivables Baht 128.20
million, other receivables Baht 803.44 Million, prepaid expenses Baht 22.35 million and suspense accounts
Baht 0.43 million.
4.7 Investment in subsidiary
As at December 31, 2009, investment in subsidiary amounting to Baht 25 million
represented an investment in PEA Encom International Company Limited. The Company registered in Thailand
with a purpose of investing in electricity-related businesses and conducting training services concerning
electricity systems and other private organizations both domestically and internationally. The authorized share
capital in amount of Baht 100 million by issuing 10 million ordinary shares at a par value of Baht 10, issued
and paid up share capital in amount of Baht 25 million by issuing 10 million ordinary shares of Baht 2.50
each, PEA acquired its shareholding of 100% amounting to Baht 25 million. The investment in subsidiary is
accounted using the cost method.
4.8 Property, plant and equipment - net
The value of PEAs property, plant and equipment totalled Baht 180,321.69 million, which
consisted of land and land improvements Baht 7,374.07 million, buildings and constructions Baht 7,068.39
million, electricity generating systems Baht 1,613.27 million, electricity distributing systems Baht 155,957.74
million, furniture, tools and equipment Baht 7,142.61 million and Vehicles Baht 1,165.61 million
4.9 Constructions in progress
Constructions in progress for repayment of liability as at December 31, 2009 had on
balance Baht 23,792.80 million, which consisted of constructions in progress (PEA capital budget) Baht
21,650.23 million and constructions in progress (partially funded by electricity users) Baht 2,142.57 million.
4.10 Intangible assets - net

Totalled Baht 783.72 million, as computer software licenses.
4.11 Other non-current assets
Totalled Baht 140.49 million, which consisted of employee receivables Baht 89.51 million,
deferred expenses Baht 3.43 million, retentions and deposits Baht 3.90 million and PEA employee gratuity
fund Baht 43.65 million.
4.12 Trade accounts payable
Totalled Baht 23,338.54 million, which consisted of accounts payable electricity baht
22,100.10 million, accounts payable domestic Baht 431.40 million and Suspense payables unbilled Baht
807.04 million.

As at December 31, 2009 and 2008, suspense payables - unbilleds amounting to Baht
807.04 million and Baht 920.18 million, respectively, represent payables for goods or services received but
not recorded as accounts payable.
4.13 Long-term loans
Totalled Baht 62,867.80 million, which consisted of foreign loans Baht 7,966.39 million
and domestic loans Baht 66,156.36 million. Less current portion Baht 11,254.95 million.

Interest expense on loans for the years 2009 and 2008 amounting to Baht 3,374.72
million and Baht 3,449.16 million, respectively, were capitalized as cost of construction in progress amounting
to Baht 577.61 million and Baht 804.16 million and were recognized as expenses in the Statements of Income
for Baht 2,797.11 million and Baht 2,645.00 million, respectively.
70
ANNUAL REPORT 2009
4.14 Accrued remittance to the Ministry of Finance
As at December 31, 2009 and 2008, PEA estimated the remittance to the Ministry
of Finance of Baht 6,136.49 million and Baht 4,529.16 million, respectively, at 40% of net income for the
years 2009 and 2008 before directors and employees bonus amounting to Baht 15,341.23 million and Baht
11,322.89 million, respectively. During the year 2009, PEA remitted money for half year net income of year
2009 amounting to Baht 1,590 million to the Ministry of Finance. The remaining balance of accrued remittance
to the Ministry of Finance is Baht 4,546.49 million as at December 31, 2009.
4.15 Other current liabilities
Totalled Baht 330.32 million, which consisted of deposits payable Baht 103.51 million,
retentions and deposits Baht 132.79 million, tax Baht 39.89 million, suspense accounts Baht 53.86 million,
inter-account between PEA and SAT Baht 0.26 million and Provisions Baht 0.01 million.
4.16 Construction obligations
As at December 31, 2009 and 2008 amounting to Baht 4,346.60 million and Baht
5,067.89 million, respectively, represent the obligations for PEA to expand the electricity distribution areas
for electricity users which the electricity users fully or partially funded the construction costs. The ownership
of the assets belongs to PEA.
4.17 Deferred revenues
Totalled Baht 31,291.00 million, which consisted of contributions for construction Baht
29,997.68 million and deferred revenues from donated assets Baht 1,293.32 million.
4.18 Electricity usage guarantee
Totolled Baht 14,606.92 million, represent cash received from electricity users to
guarantee their electricity usage, which are deposited at financial institutions Baht 6,033.90 million, electricity
usage guarantee - used as PEAs working capital Baht 8,300.00 million and electricity usage guarantee additional deposits by PEA Baht 273.02 million.

As at December 31, 2009 and 2008, electricity usage guarantee-used as PEAs working
capital was Baht 8,300 million and Baht 6,000 million, respectively, approved by the Board of Directors of
PEA by paying a return to the fund at the same interest rate established by Krung Thai Bank Public Company
Limited for savings account of state enterprises (currently interest rate of 0.5% per annum) by depositing in the
Interest from Electricity Usage Guarantee account on a monthly basis. The principal is payable by depositing
in the Electricity Usage Guarantee account not less than Baht 100 million each month.
4.19 Employee gratuity fund
Ending balance of fund equal to obligations to be paid to resigned or retired employees
Baht 38.71 million, which consisted of the beginning balance Baht 39.05 million, add contributions during
the years Baht 1.76 million, payments for shortage from PEA Baht 0.80 million, excess of revenues over
expenses for the years Baht 0.62 million, less payments to employees and provident fund Baht 2.90 million,
repayments for surplus of the gratuity fund over obligations 0.62 million.
ANNUAL REPORT 2009
71
4.20 Gain (loss) on foreign exchange
In 2009, gain on foreign exchange is recognized as revenue (expense) in the statements
of income as appeared to be Baht 441.90 million, which consisted of gain on exchange from repayments of
loans Baht 32.46 million, loss on exchange from purchases of goods from overseas Baht 7.02 million and
gain on exchange from the closing rates Baht 416.46 million.
4.21 Operational results
4.21.1 Operating results for the 12-month period ended December 31, 2009
PEA had net income of Baht 14,000.29 million, operating revenues Baht 15,265.66
million, other income Baht 1,099.48 million, gain on foreign exchange Baht 441.90 million and finance costs
Baht 2,806.75 million.

4.21.2 Transactions classified by expense characteristics
Some transactions included in the statements of income for the year ended
December 31, 2009 classified by expense characteristics as depreciation of property, plant and equipment
Baht 12,307.51 million, amortization of intangible assets Baht 228.82 million and employee expenses Baht
17,827.23 million.
5. Commitments and contingent liabilities
5.1 Committments
As at December 31, 2009, PEA had commitments from outstanding letter of credits of
Baht 12.96 million.
5.2 Defendant lawsuits
For the year 2009, PEA was sued 53 cases with total capital funds Baht 116.72 million.
These amounts were recorded as contingent liabilities.

For the years 2009, PEA was filed in litigation as a defendant, which PEA assessed the
status of the lawsuits and estimated that 26 lawsuits will result in liabilities of Baht 34.14 million comprise
1 lawsuits for Baht 0.01 million in current liabilities and 25 lawsuits for Baht 34.13 million in non-current
liabilities.
6. Reclassifications
Certain reclassifications have been made to the financial statements for the year ended
December 31, 2008 to conform to the classifications used in the financial statements for the year ended
December 31, 2009.
72
ANNUAL REPORT 2009
Long Term Debt Outstanding

Foreign Loans
As at December 31, 2009

Date Of Principal Rate of Payment

Source of Loans
Agreement (in Million) Interest
Period

(% Per

Annum)
Kreditanstalt Fur Wiederaufbau
Outstanding
Debts
(Million Baht)
2009
EUR
of The Federal Republic of

Germany (KfW)
Project of Electric Distribution Line
Feb. 11, 1981
5.113
2.00
1991-2011
16.979
Village Electrification Project
Apr. 12, 1983
7.158
2.00
1993-2013
60.289
The Power Distribution System
Mar. 14, 1989
8.181
2.00
2002-2019
213.791
Sep. 28,1990
38.347
2.00
2000-2020
990.434
Sep. 14,1993
16.118
8.00
2007-2023
658.309
Extension to Small Diesel
Power Plants, 3rd Stage
Reinforcement Project, 4th Stage
Phase 1 (Part 1)
Accelerated Power System Expansion and

Reinforcement Project
Transmission System and Substations

Development Project 2 Stage,
Phase 2 (part 1)
nd
Total
JICA
Distribution System Reliability

YEN
Sep. 27, 1996
13,025.781
2.70
2003-2021
3,037.939
Sep. 30, 1997
8,172.111
2.70
2004-2022
1,933.002
Jul. 31, 1998
2,029.127
2.20
2005-2023
561.410
Mar. 28, 2002
2,326.000
2.20
2009-2027
453.143
Improvement Project

1,939.802
Development Project, 6 Stage

th
Transmission System 4th stage and

the Power Distribution Reinforecment
Project, 5th Stage, Phase 2
The Power Distribution System

Reinforcement Project, 7 Stage,
Phase 2
th
Total
ABN AMRO BANK N.V.
Islands Electrification Project
Jun. 29, 2000
5,985.494
USD
4.904
2002-2012
41.094
Total
41.094
Total Foreign Loans
7,966.390
ANNUAL REPORT 2009
73
Domestic Loans
As at December 31, 2009

Date Of Principal Rate of Payment

Source of Loans
Agreement (in Million) Interest
Period

(% Per

Annum)
Ministry of Finance (MOF)
Rural Household Electrification Project
Jul. 26, 2002
Distribution System Reliability
Improvement Project
Development Project, 5th Stage
Distribution System Dispatching Center
Project, 1st Stage
Development Project, 6th Stage Phase 1
Rural Household Electrification Project,
2nd Stage
Development Project, 7th Stage, (Part 2)
Sep. 6, 2004
Distribution System Dispatching Center
Project, 1st Stage
Development Project, 7th Stage, Part 1
Development Project, 7th Stage, Part 2
Rural Household Electrification Project,
2nd, 3rd Stage
The Power Distribution Reinforcement
Project, 6th Stage
Six measures, six months program
Aug. 27,2009
Outstanding
Debts
(Million Baht)
2009
BAHT
2,356.000
3.00
2003-2014
2,233.000
992.400
2,900.00
Oct.2010
2,900.00
Total
The Canadian International Development
CAD
Association (CIDA)
Accelerated Rural Electrification Project
Mar. 2, 1978
13.983
-
1988-2027
(First Stage) and Villages Electrification
in 4 Principal Provinces
Accelerated Rural Electrification Project
Mar. 9, 1982
12.988
-
1992-2031
(Second Stage)
1,036.640
4,929.040
202.237
229.434
Total
431.671
Total Domestic Loans
5,360.711
74
ANNUAL REPORT 2009

Date Of Principal

Source of Loans
Agreement (in Million

Baht)

Rate of
Payment
Interest
Period
(% Per
Annum)
Outstanding
Debts
(Million Baht)
2009
Bond
PEA Bond 2000, first issue
Sep.26, 2000
1,520.000
6.337
Sep.26, 2010
1,520.000
PEA Bond 2001, fourth issue
Sep.6, 2001
1,380.000
6.844
Sep. 6, 2011
1,380.000
PEA Bond 2003, second issue
Mar.27, 2003
1,000.000
3.89
Mar.27, 2013
1,000.000
Apr.2, 2003
1,000.000
3.195
Apr.2, 2010
1,000.000
PEA Bond 2003, fifth issue
Sep.3, 2003
1,400.000
4.05
Sep.3, 2015
1,400.000
PEA Bond 2003, ninth issue
Sep.12, 2003
1,000.000
3.44
Sep.19, 2010
1,000.000
PEA Bond 2003, tenth issue
Sep.19, 2003
1,500.000
4.074
Sep.25,2013
1,500.000
PEA Bond 2003, eleventh issue
Sep.19, 2003
1,500.000
3.41
Sep.19, 2010
1,500.000
Dec.23, 2004
1,760.000
4.03
14 semi-annual
instalment
4.635
20 semi-annual
instalment
3.85
12 semi-annual
instalment
4.36
20 semi-annual
instalment
3.84
12 semi-annual
instalment
5.699
20 semi-annual
instalment
6.84
24 semi-annual
instalment
6.79
24 semi-annual
instalment
6.79
20 semi-annual
instalment

PEA Bond 2005, third issue



PEA Bond 2005, sixth issue




Mar.31, 2005

Apr.20, 2005

Jun.16, 2005

Jul.15, 2005

Sep 1, 2005

Oct.27, 2005

Dec.27, 2005

Dec.27, 2005

1,000.000

1,650.000

1,000.000

3,300.000

1,800.000

1,800.000

2,000.000

2,000.000

510.400
775.000
417.450
750.000
1,108.800
1,440.000
1,488.000
1,336.000
1,200.000
Dec.27,2005
1,000.000
6.3
Dec.27, 2011
1,.000.000
May 25, 2006
1,860.000
6.53
May 25, 2021
1,860.000
Jun.15, 2006
1,800.000
5.99
Jun.15, 2015
1,800.000
PEA Bond 2006, seventh issue
Jul.20, 2006
1,800.000
6.07
Jul.20, 2012
1,800.000
ANNUAL REPORT 2009
75

Date Of Principal

Source of Loans
Agreement (in Million

Baht)

PEA Bond 2006, ninth issue

Jul.27, 2006

2,500.000

Rate of
Payment
Interest
Period
(% Per
Annum)
6.10
20 semi-annual
instalment
Outstanding
Debts
(Million Baht)
2009
1,750.000
PEA Bond 2006, tenth issue
Aug.17, 2006
2,150.000
5.94
Aug.17,2011
2,150.000
PEA Bond 2006, eleventh issue
Aug.17, 2006
1,280.000
6.04
Aug.17,2015
1,280.000
PEA Bond 2006, twelfth issue
Aug. 17, 2006
1,590.000
6.188
Aug.17, 2018
1,590.000
PEA Bond 2006, thirteenth issue
Sep.14, 2006
1,800.000
5.925
Sep.14, 2018
1,800.000
PEA Bond 2006, fourteenth issue
Sep.14, 2006
2,450.000
5.80
Sep.14, 2014
2,450.000
Feb.16, 2007
1,000.000
4.97
Feb.22, 2017
1,000.000
May 17, 2007
900.000
4.03
May 17, 2016
900.000
May 24, 2007
1,000.000
4.345
May 24, 2022
1,000.000
Jun.21, 2007
1,000.000
5.15
Jun.21, 2020
1,000.000
Jul.19, 2007
1,000.000
5.12
Jul.19, 2019
1,000.000
Aug.2, 2007
1,500.000
4.88
Aug 2, 2016
1,500.000
PEA Bond 2007, seventh issue
Sep.6, 2007
1,550.000
4.368
Sep.6, 2012
1,550.000
Feb.28, 2008
1,500.000
4.900
Feb.28, 2020
1,500.000
May 29,2008
1,200.000
5.280
May 29, 2019
1,200.000
Jul.10, 2008
1,200.000
6.155
Jul.10, 2016
1,200.000
Sep.4, 2008
1,200.000
4.920
Sep.4, 2015
1,200.000
Nov.27,2008
1,000.000
4.430
Nov.27, 2017
1,000.000
PEA Bond 2009,second issue
Dec.4, 2008
780.000
3.595
Dec.4, 2012
780.000
PEA Bond 2009,third issue
Apr.2, 2009
1,000.000
3.100
Apr.2, 2014
1,000.000
PEA Bond 2009,fourth issue
Jun.10, 2009
580.000
3.230
Jun.10, 2014
580.000
PEA Bond 2009,fifth issue
Jun.25, 2009
1,500.000
4.850
Jun.25, 2024
1,500.000
PEA Bond 2009,sixth issue
Aug.26, 2009
1,000.000
3.600
Aug.26, 2016
1.000.000
PEA Bond 2009,seventh issue
Sep.30, 2009
930.000
4.580
Sep.30, 2021
930.000
PEA Bond 2009,eighth issue
Sep.30, 2009
1,230.000
3.400
Sep.30, 2013
1,230.000
PEA Bond 2010,first issue
Nov.26 ,2009
1,000.000
4.820
Nov.26 ,2024
1,000.000
PEA Bond 2010,second issue
Dec.3, 2009
1,110.000
4.150
Dec.3, 2016
1,110.000
PEA Bond 2010,third issue
Dec.3, 2009
810.000
2.940
Dec.3, 2012
810.000
Total Bond
60,795.650
Grand Total
74,122.751
76
ANNUAL REPORT 2009
Financial Ratios 2005 - 2009
Current Ratio (Times)
Quick Ratio (Times)
Total Debt : Equity Ratio (Times)
Debt : Equity Ratio (Times)
Return on Assets : ROA (%)
ANNUAL REPORT 2009
77
Ten Year Growth Statistics

Description
2009
2008
2007
2006
2005

Net Electric Revenue (Million Baht)
280,881.8
257,243.2
252,964.1
245,636.8
207,281.7
9,621.0
9,334.2
8,909.7
9,590.0
9,738.1
273,695.8
252,247.8
247,898.0
239,912.4
200,976.3
2,806.7
4,160.6
2,645.0
2,425.9
2,418.5
14,000.3
10,169.1
11,330.2
12,888.5
13,625.0
(21,519.9)
(22,080.7)
(19,669.4)
(18,489.4)
(18,158.0)
74,122.8
71,416.4
70,385.3
67,539.0
69,648.9
262,036.7
247,322.6
243,094.4
225,111.2
209,744.2
15,060,631.0
14,600,420.0
14,210,946.0
13,843,668.0
13,423,051.0
90,145.0
89,602.0
87,547.7
83,203.0
78,113.7
5,985.0
6,137.0
6,161.0
6,010.0
5,819.4
3.11
2.87
2.89
2.95
2.65
Total Maximum Demand (MW)*
14,642.0
14,127.0
13,697.6
13,073.1
12,550.9
Total Electric Energy (Million kWh)
96,529.0
95,603.0
93,382.7
88,799.1
83,272.5
Perchased Power (Million kWh)
96,445.0
95,540.0
93,321.7
88,743.8
83,228.0
PEA Generation (Million kWh)
84.0
63.0
61.0
55.3
44.4
302,039.0
298,029.0
292,584.0
284,175.0
277,667.0
Number of PEA offices
901.0
901.0
901.0
902.0
910.0
Number of Employees
27,847.0
27,521.0
25,728.0
26,304.0
26,574.0
51.4
50.5
50.0
50.2
49.7
Other Revenue (Million Baht)

Operating Expenses (Million Baht)
Other Expense (Million Baht)
Net (Loss) Income (Million Baht)
Investments In Long-term Assets (Million Baht)
Loans (Million Baht)
Net Assets (Million Baht)
Number of Customers
Total Sales of Electricity (Million kWh)
Average Customer Consumption (kWh)
Average Price of Electricity (Baht / kWh)
Transmission Lines and H.V.Distribution Lines

(Circuit - km)
Customers/ H.V. Distribution Lines (Curcuit-km)
* Coincident Demand
78
ANNUAL REPORT 2009

2004
2003
2002
2001
2000
10 Year Increase
(Decrease)
Amount
Compound
Growth Rate
187,103.1
158,829.5
144,912.7
134,636.7
112,771.9
168,109.9
149.1
9.6
4,728.2
6,262.5
4,483.9
4,957.4
3,913.6
5,707.4
145.8
9.4
183,461.5
157,546.7
143,812.9
132,598.7
108,408.5
165,287.3
152.5
9.7
3,365.0
1,531.4
(481.1)
1,280.1
1,576.7
1,230.0
78.0
5.9
5,004.8
6,013.9
6,064.8
5,715.3
6,700.3
7,300.0
109.0
7.7
(15,580.9)
(21,191.9)
(12,781.8)
(15,511.1)
(16,759.4)
(4,760.5)
28.4
2.5
71,566.9
65,456.6
60,785.3
60,314.7
57,239.0
16,883.8
29.5
2.6
199,032.8
185,128.5
175,502.2
167,961.1
157,314.4
104,722.3
66.6
5.2
12,957,742.0
12,377,483.0
11,958,758.0
11,549.6
11,228,792.0
3,831,839.0
34.1
3.0
73,096.5
65,496.7
60,239.4
56,481.7
52,370.3
37,774.7
72.1
5.6
5,641.0
5,291.6
5,037.3
4,890.4
4,663.9
1,321.1
28.3
2.5
2.56
2.42
2.40
2.38
2.15
1.0
44.7
3.8
11,754.0
10,678.0
9,995.5
77,962.4
70,227.4
64,342.7
60,413.7
56,292.0
40,237.0
71.5
5.5
77,921.8
70,185.5
64,301.6
60,370.0
56,245.2
40,199.8
71.5
5.5
40.6
41.9
41.1
43.7
46.8
37.2
79.5
6.0
273,451.0
266,793.0
257,900.0
249,243.0
247,633.0
54,406.0
22.0
2.0
915.0
928.0
941.0
969.0
979.0
(78.0)
(8.0)
(0.83)
26,970.0
27,823.0
27,965.0
28,333.0
28,933.0
(1,086.0)
(3.8)
(0.38)
48.6
47.5
46.4
46.3
45.3
6.1
13.5
1.3
ANNUAL REPORT 2009
79

PEA 2009 Annual Report

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Contents

Sales of Electricity Energy (Million Baht)

Other Operating Revenues (Million Baht)

Average Customer Consumption (kWh)

Average Price of Electricity (Baht / kWh)

H.V.Distribution Lines (Circuit-km)

L.V.Distribution Lines (Circuit-km)

Number of Electrified Villages

Operating Expenses (Million Baht)

Total Maximum Demand (MW)

Purchased Power (Million kWh)

PEA Generation (Million kWh)

Transmission Lines (Circuit-km)

Number of PEA Offices

* Peak Load in August 2008 (Coincident Demand)

ANNUAL REPORT 2009

The Provincial Electricity Authority

The PEAs three major objectives are:

sufficient revenues to facilitate further development.

achieve the highest level of efficiency and effectiveness.

ANNUAL REPORT 2009

PEAs Head Office, Bangkok

Electric Administration Areas Office

Area S.3 Yala

ANNUAL REPORT 2009

Board of directors 2009

Board Member, Provincial Waterworks Authority

Board Member, Mass Rapid Transit Authority of Thailand

Board Member, Eastern Water Resources Development and

Management Public Company Limited

Bachelor of Political Science,

Royal Police Cadet Academy

Master of Political Science,

University of Pune, India

Certificate, The National Defence Course for the Joint

State-Private sector (Class 17), National Defence College

Commissioner of Central Investigation Bureau

Inspector General (CM.8), Royal Thai Police

Meeting Attendance (time)

ANNUAL REPORT 2009

Adm. Sithawat Wongsuwan

Gen. Viddhavat Rajatanun

Board Member, TOT Public Company Limited

Date of Birth April 27, 1952

Bachelor of Science, Chulachomklao Royal Military Academy

Army Command and General staff College Class 61

Master of Arts (Political Science), Thammasat University

National Defence College 2005

Director-General, Defence Information

and Space Technology Department

Director-General, Defence Space Technology Centre

Meeting Attendance (time)

Mr. Vichan Kunagulsawat

Veteran Board Member, Mass Rapid Transit Authority of Thailand

Date of Birth May 8, 1951

Bachelor of Engineering, Kasetsart University

Master of Public Administration,

National Institute of Development Administration

The Office of the Civil Service Commission

High Potential Leaders age 41

National Defence College class 47

Deputy Director - General Department of Rural Roads

Director, Bureau of Maintenance and