ML041280091

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Progress Energy - Evidence of Guarantee of Payment of Deferred Premiums
ML041280091
Person / Time
Site: Harris, Brunswick, Crystal River, Robinson  Duke Energy icon.png
Issue date: 04/29/2004
From: Holt J
Progress Energy Co
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
PE&RAS04-041
Download: ML041280091 (4)


Text

10 CFR 140.21 C Progress Energy PO Box 1551 41 1 Fayetteville Street Mall Raleigh NC 27602 PE&RAS04-041 April 29, 2004 ATTN: Document Control Desk Director, Office of Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 BRUNSWICK STEAM ELECTRIC PLANT, UNIT NOS. 1 AND 2 DOCKET NOS. 50-325 AND 50-324 / LICENSE NOS. DPR-71 AND DPR-62 SHEARON HARRIS NUCLEAR POWER PLANT, UNIT NO. 1 DOCKET NO. 50-400 / LICENSE NO. NPF-63 H. B. ROBINSON STEAM ELECTRIC PLANT, UNIT NO. 2 DOCKET NO. 50-261 / LICENSE NO. DPR-23 CRYSTAL RIVER UNIT 3 NUCLEAR GENERATING PLANT DOCKET NO. 50-302 / LICENSE NO. DPR-72 Evidence of Guarantee of Payment of Deferred Premiums Ladies and Gentlemen:

In accordance with 10 CFR 140.21(e), Carolina Power & Light Company doing business as Progress Energy Carolinas, Inc. (PEC) and Florida Power Corporation doing business as Progress Energy Florida, Inc. (PEF) submit the attached cash flow statements as evidence of guarantee of payment of deferred premiums for the above listed plants. The certified statements provide the 2003 Actual and 2004 Internal Cash Flow Projections for each company.

PEC is the principal licensee for the H. B. Robinson Steam Electric Plant, Unit No. 2; the Brunswick Steam Electric Plant, Unit Nos. 1 and 2; and the Shearon Harris Nuclear Power Plant, Unit No. 1. PEF is the principal licensee for the Crystal River Unit 3 Nuclear Generating Plant. provides evidence of guarantee of payment of deferred premiums for PEC and the other owner-licensees of Brunswick Units 1 and 2, Harris Unit 1, and Robinson Unit 2.

(AOopt

United States Nuclear Regulatory Commission PE&RAS04-041 Page 2 provides evidence of guarantee of payment of deferred premiums for PEF and the other owner-licensees of Crystal River Unit 3.

No new commitments have been made in this submittal. If you have questions, please contact Tony Groblewski at (919) 546-4579.

Sincerely, it L. dlL Ja 4es W. Holt Manager, Performance Evaluation &

Regulatory Affairs RTG Attachments (2) c (v/att.):

L. A. Reyes, USNRC Regional Administrator - Region II USNRC Senior Resident Inspector - BSEP, Unit Nos. I and 2 B. L. Mozafari, NRR Project Manager - BSEP, Unit Nos. 1 and 2, and CR-3 USNRC Senior Resident Inspector - HNP, Unit No. I USNRC Senior Resident Inspector - CR-3 C. P. Patel, NRR Project Manager - HNP, Unit No. 1, HBRSEP, Unit No. 2 USNRC Senior Resident Inspector - HBRSEP, Unit No. 2 J. Sanford, North Carolina Utilities Commission

United States Nuclear Regulatory Commission PE&RAS04-041 Page 1 of 1 Carolina Power & Light 2004 Internal Cash Flow Projection for H.B. Robinson, Unit 2; Brunswick Units 1 and 2; Shearon Harris, Unit 1

. (Dollars in Millions)

Year Ended December 31, 2003 Actual '

Net Income After Taxes Less Dividend Paid Retained Earnings Adjustments:

Depreciation, Amortization & Impairment Deferred Income Taxes and Investment Tax Credits AFUDC Total Adjustments Internal Cash Flow Average Quarterly Cash Flow

.482 (446) 36 681 (78)

(4) 600 636 159 Year Ended December 31, 2004 Projected

' 506 (553)

(47) 574 (50)

(1 0) 513

$ -467

.117 Percentage Ownership in Robinson, Brunswick 1 &2 and Harris plants Maximum Total Contingent Liability 100%

  • 40
  • Carolina Power & Light is the principal licensee as owner of 100%, 83.83% and 81.67% of the Robinson, Harris and Brunswick nuclear units, respectively.

This certified cash flow statement Is made as of March 18, 2004, and covers all of the owners of this unit.

- I do certify the above to be correct and accurate.

Thomas R. Sullivan Treasurer Prepared by: J. V. Doughty S:\\CashMgmt\\Roy Files\\Filings\\[01-041 NRCCash Flow Projection.xls]PEF04

United States Nuclear Regulatory Commission".

PE&RAS04-041 Page 1 of 1 Florida Power Corporation 2004 Internal Cash Flow Projecti6n for Crystal River Unit 3 (Dollars'in Millions)

Net Income After Taxes Less Dividend Paid Retained Earnings

' Adjustments:

Depreciation and Amortization Deferred Income Taxes and Investment Tax Credits

' AFUDC.

Total Adjustments Internal Cash Flow Average Quarterly Cash Flow

-Percentage Ownership in Crystal River Unit No. 3 Maximum Total Contingent Liability

-Year Ended December 31,2003

'Actual

,297 (205) 92

-Year Ended December 31, 2004 Projected 312.

(157).

156 314 (25)

-' (17).

271

' 363 314

- (38) 7(6)0 270 A<=

. 91.*

106 100% *

.10 Florida Power Corporation is the principal licensee as owner of 91.8% of the unit.

~

This certified cash flow statement is made as of March 24, 2004,,and covers all of the owners of this unit; I do certify the above to be correct and accurate. '

I S Thomas R. Sullivan Treasurer Prepared by: J. V. Doughty S:\\CashMgmtXRoy FileslFilings\\[01-041 NRC_Cash Flow Projection.xIs]PEF04 I