ML042290325
| ML042290325 | |
| Person / Time | |
|---|---|
| Site: | Fort Calhoun  |
| Issue date: | 07/29/2004 |
| From: | Bannister D Omaha Public Power District |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| LIC-04-0084 | |
| Download: ML042290325 (3) | |
Text
-j ii5 aM-p Omaha Pubfic Power Diseiw 444 South 16th Street Afall Omaha NE 68102-2247 July 29, 2004 LIC-04-0084 U. S. Nuclear Regulatory Commission Attn: Mr. Ira Dinitz Mail Stop: 12 D3 Washington, D.C. 20555
Reference:
Docket No. 50-285
SUBJECT:
Guarantee of Payment of Deferred Premiums for the Period of July 1, 2004 to June 30, 2005
Dear Mr. Dinitz:
In complia'nce with 102CFR'Part140.21, the Omaha Public Power District (OPPD) files the attached, "2004/20'05; Siatem.ent of sCfsh Flow from Operations," as its guarantee of payment of deferred'pteffiirdf fis'fihe-perio'd'oJuly-1, 2004 16o 1Jie"30, 2005. The cash flow statement deviates slightly from the format of NRC Regulatory Guide (RG) 9.4 because OPPD is a p6litical 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 Tom Matthews at (402) 533-6938.
Sincerely, D. J.
nnister Plant Manager/Site Coordinator
.~~~~~~~~~~~~~.
DJB/mle Attachmeinit;
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c:'-" B.S.MailetReggio'na Adhuinistra or, NRC Region IV'
- Wang, INRC Pi4jec't i'aager'
- J. KramerC, CSenioii Resident Inspector NRC Document Control Desk
, A 010u
Employnent lith Equal Opportunity
T.
-ttachment LIC-04-0084 Page 1 OMAHA PUBLIC POWER DISTRICT 2004/2005 Statement of Cash Flow From Operations (a)
(Dollars in Thousands)
Actual Projected 12 Months 12 Months ended 5/04 ended 6/05 Operating Revenues Interest Receipts (b)
Total Cash Receipts Less: Operating Expenses (c)
Payments in Lieu of Taxes (c)
Funds Available for Debt Service Less: Debt Service Payments (d)
-- Funds Available-for Other Valid -
Corporate Purposes (e)
Average Quarterly Cash Flow
$615,543 2,495 618,038 430,608 18,202 169,228 80,684
$605,090 4,520 609,610 399,499 18,905 191,206 85,835
$88,544
$105,371
$22,136
$26,343 Percentage Ownership - Fort Calhoun Power Station Unit No. 1 - 100%
Maximum Total Contingent Liability Per Incident Per Calendar Year - $10,000,000
-. -Attachment LIC-04-0084 Page 2 Notes:
(a)
The format of this cash flow statement is in accordance with the payment priorities as established by Bond Resolution 1788. The payment priority scheduled for funds realized from operations is as follows:
First Priority:
Operations and maintenance expenses and payments in lieu of 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 funds to provide for an ongoing utility business.
The payment of any funds for the NRC guarantee would fall into the third priority.
(b)
Interest collections have been normalized to reflect only the types of interest 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 purposes 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.