ML021840767
| ML021840767 | |
| Person / Time | |
|---|---|
| Site: | Palisades  |
| Issue date: | 01/14/2002 |
| From: | Dapra D Consumers Energy |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| Download: ML021840767 (3) | |
Text
A CMS Energy Company 212 West Michigan Avenue Jackson, MI 49201-2277 Tel: 517 788 0135 Fax: 517 788 7290 Dennis DaPra Senior Vice President Accounting and Regulatory Affairs January 14, 2002 U. S. Nuclear Regulatory Commission Attn: Mr. Ira P. Dinitz Senior Specialist Mail Stop 12E4 Washington, DC 20555 PALISADES NUCLEAR PLANT DOCKET NO. 50-255 In accordance with Section 140.21 of 10 CFR Part 140 of the Commission's Regulations and Regulatory Guide 9.4, enclosed are, as evidence of guarantee of payment of deferred premiums in connection with the above-named nuclear power plant, two copies of a statement of internal cash flow for the twelve months ended November 30, 2001 and projected for the twelve months ended November 30, 2002.
KZ/
H Do4~
Consumers Energy Company Internal Cash Flow Twelve Months Ended November 2001 and 2002 (In Millions)
Palisades Nuclear Plant Net Income/(loss) After Taxes Dividend - Preferred Common Change in Retained Eamings Adjustments:
Change in Working Capital Depreciation and Amortization Deferred Income Taxes and Investment Tax Credit MCV Capacity Issues and Accretion Undistributed Subsidiary Earnings, Net of Dividends AFUDC Total Adjustments IntemaJ Cash Flow Average-Quarterly Cash Flow Percentage Ownership in Palisades Nuclear Plant Maximum Total Contingent Liability: $10 Million
- Includes $126 million non-cash loss on MCV purchases Dennis DaPra Senior Vice President Accounting and Regulatory Affairs January 11, 2002 2001 Actual 2002 Projected 118 222 (2)
(2)
(247)
(176)
(131)-
44 13 332 61 146 *
(48)
(6) 498 367 13 346 8
(16)
(13)
(20) 318 362 92 91 100%
Consumers Energy Company Internal Cash Flow Twelve Months Ended November 2001 and 2002 (In Millions)
Palisades Nuclear Plant Net Income/(loss) After Taxes Dividend - Preferred Common Change in Retain-ed-Eamings 2001 Actual 2002 Projected 118
- 222 (2)
(2)
(247)
(176)
~~~~
-1
... 4 4 Adjustments:
Change in Working Capital Depreciation and Amortization Deferred Income Taxes and Investment Tax Credit MCV Capacity Issues and Accretion Undistributed Subsidiary Earnings, Net of Dividends AFUDC 13 332 61 146 *
(48)
(6) 13 346 8
(16)
(13)
(20)
Total Adjustments Internal Cash Flow 498 318 367 362 92 91 Average Quarterly Cash Flow Percentage Ownership in Palisades Nuclear Plant Maximum Total Contingent Liability: $10 Million
_ *- Includes$126 mfflionr non-cash loss on MCV purchases Dennis DaPra Senior Vice President Accounting and Regulatory Affairs January 11, 2002 100%
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