LIC-99-0057, Forwards 1999/2000 Statement of Cash Flow from Operations, as Guarantee of Payment of Deferred Premiums for Period of 990630 to 000630

Forwards 1999/2000 Statement of Cash Flow from Operations, as Guarantee of Payment of Deferred Premiums for Period of 990630 to 000630

ML20210F403
Person / Time
Site:	Fort Calhoun
Issue date:	07/26/1999
From:	Gambhir S OMAHA PUBLIC POWER DISTRICT
To:	Dimitz I NRC
References
LIC-99-0057, NUDOCS 9907300128
Download: ML20210F403 (3)

Text

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amamm as Omaha PublicPowerDistrict 444 South 16th Street Mall Omaha NE68102-2247 July 26,1999 LIC-99-0057 U. S. Nuclear Regulatory Commission Attn: Mr. Ira Dinitz Mail Stop: 1IFl Washington, D.C. 20555

Reference:

Docket No. 50-285

SUBJECT:

Guarantee of Payment of Deferred Premiums for the Period of June 30,1999 to June 30,2000 In compliance with 10 CFR Part 140.21, the Omaha Public Power District (OPPD) files the attached "1999/2000 Statement of Cash Flow from Operations" as its guarantee of payment of deferred premiums for the period of June 30,1999 to June 30,2000. The cash flow statement deviates slightly from the format of NRC Regulatory Guide (RG) 9.4 because OPPD is a political subdivision of the State of Nebraska. However, the pertinent information identified in RG 9.4 is provided. A copy of Bond Resolution 1788, which established the payment priorities listed on the cash flow statement, was filed with our 1979 guarantee report.

If you should have any questions, please contact me.

Sincerely, S. K. Gambhir Division Manager Nuclear Operations SKG/mle Attachment c: E. W. Merschoff, NRC Regional Administrator, Region IV L. R. Wharton, NRC Project Manager g

. W. C. Walker, NRC Senior Resident Inspector q NRC Document Control Desk ' b I Winston & Strawn 9907300128 990726 PDR ADOCK 05000285 J PM h b b b Lj I 45 5124 Employment with Equal Opportunity

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ATTACHMENT L1C-99-0057

, Page1 OMAIIA PUBLIC POWER DISTRICT 1999/2000 Statement of Cash Flow l From Operations (a)  !

(Dollars in Thousands)

Actual Projected 12 Months 12 Months ending 5/99 ending 6/00 Operating Revenues $525,360 $527,838 Interest Receipts (b) 5,889 6,201 Total Cash Receipts 531,249 534,039 i

Less: Operating Expenses (c) 318,850 311,043 l Payments in Lieu of Taxes (c) 16,822 16,593 Funds Available for Debt Service 195,577 206,403 Less: Debt Service Payments (d) 85,315 90,999 Funds Availa'ble for Other Valid Corporate Purposes (e) SI10,262 S115,404 Average Quarterly Cash Flow S27,566 528,851 Percentage Ownership - Fort Calhoun Power Station Unit No.1 - 100%

Maximum Total Contingent Liability Per Incident Per Calendar Year - $10,000,000

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ATTACHMENT

.LIC-99-0057

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~ Notes:

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(a) The format of this cash flow statement is in accordance with the payment priorities as established by Bond Resciution 1788. The payment priority scheduled for funds realized

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from operations is as follows:

First Priority: Operations and maintenance expenses and payments in lieu of j taxes.

Second Priority: Debt service (principal and interest) on all outstanding bonds.

Third Priority: All other valid corporate purposes. These purposes would include construction, nuclear fuel, working capital, and any other use of the i funds to provide for an ongoing utility business. The payment of any fands for the NRC guarantee would fall into the third priority.

(b) Interest collections have been normalized to reflect only the types ofinterest collections from normal ongoing funds and do not reflect any interest collections made from special construction funds.

-(c) Operating and Maintenance Expenses and Payments in Lieu of Taxes have first priority on use of funds derived from operating revenues.

(d) Debt Service Payments have second priority on the use of funds derived from operating revenues.

- (e) - These funds represent the internal cash flow available for all other corporate pmposes and have third priority on funds derived from operating revenues.

Supplementary General Statements:

The following statements are offered to explain some of the District's options and capabilities with respect to its financial management.

The District maintains a working fund balance of approximately $20 million in addition to special construction and restricted funds.

As an all-public power state, Nebraska does not have a state commission with electric rate jurisdiction.

The District's Board of Directors is empowered to establish electric rates.

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