ML061220627

Progress Energy - Evidence of Guarantee of Payment of Deferred Premiums

ML061220627
Person / Time
Site:	Harris, Brunswick, Crystal River, Robinson
Issue date:	04/20/2006
From:	Burton C Progress Energy Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
PE&RAS-06-023
Download: ML061220627 (4)

Text

Prgros En10 CFR 140.21(e)

&'2! Progress Energy PO Box 1551 411 Fayetteville Street Mall Raleigh NC 27602 Serial: PE&RAS-06-023 April 20, 2006 Director, Office of Nuclear Reactor Regulation United states Nuclear Regulatory Commission ATTENTION: Document Control Desk 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 CRYSTAL RIVER UNIT 3 NUCLEAR GENERATING PLANT DOCKET NO. 50-302 / LICENSE NO. DPR-72 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 EVIDENCE OF GUARANTEE OF PAYMENT OF DEFERRED PREMIUMS Ladies and Gentlemen:

Pursuant to 10 CFR 140.21(e), enclosed are 2005 actual and 2006 projected cash flow statements as evidence of guarantee of payment of deferred premiums for the above listed plants belonging to Carolina Power & Light Company, now doing business as Progress Energy Carolinas, Inc. (PEC),

and Florida Power Corporation, now doing business as Progress Energy Florida, Inc. (PEF). provides evidence of guarantee of payment of deferred premiums for the principal owner-licensee and other owners-licensees of Brunswick Units 1 and 2, Harris Unit 1, and Robinson Unit 2. provides evidence of guarantee of payment of deferred premiums for the principal owner-licensee and other owners-licensees of Crystal River Unit 3.

This document contains no new regulatory commitment.

If you have additional questions, please call me at (919) 546-6901.

Sincerely, Chris Burton Manager - Performance Evaluation & Regulatory Affairs DMF Enclosures (2)

United States Nuclear Regulatory Commission PE&RAS-06-023 Page 2 c: W. D. Travers, Regional Administrator - Region II USNRC Resident Inspector - BSEP, Unit Nos. 1 and 2 USNRC Resident Inspector - CR3 1JSNRC Resident Inspector - SHNPP, Unit No. 1 1JSNRC Resident Inspector - HBRSEP, Unit No. 2

]3. L. Mozafari, NRR Project Manager - BSEP, Unit Nos. 1 and 2; CR3 C. P. Patel, NRR Project Manager - SHNPP, Unit No. 1; HBRSEP, Unit No. 2

.f. A. Sanford - North Carolina Utilities Commission R. Vance - North Carolina Utilities Commission S. Watson - North Carolina Utilities Commission

13. 0. Hall - North Carolina Department of Environment and Natural Resources

United States Nuclear Regulatory Commission Enclosure 1 PE&RAS-06-023 Page 1 Carolina Power & Light 2006 Internal Cash Flow Projection for H.B. Robinson, Unit 2; Brunswick Units 1 and 2; Shearon Harris, Unit 1 (Dollars in Millions)

Year Ended Year Ended December 31, 2005 December 31, 2006 Actual Projected Net Income After Taxes $ 493 $ 484 Less Dividend Paid (457) (339)

Retained Earnings 36 145 Adjustments:

Depreciation, Amortization & Impairment 644 575 Deferred Income Taxes and Investment Tax Credits (149) (25)

AFUDC (7) (5)

Total Adjustments 487 546 Internal Cash Flow $ 524 $ 691 Average Quarterly Cash Flow $ 131 $ 173 Percentage Ownership in Robinson, Brunswick 1 & 2 and Harris plants 100%

• Maximum Total Contingent Liability $ 60

• 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 15, 2006, 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: R. H. Kramer S:\CashMgml\Compliance\[01-041 NRCCash Flow Projectidn_2006.xis]PEC06

United States Nuclear Regulatory Commission Enclosure 2 PE&RAS-06-023 Page 1 Florida Power Corporation 2006 Internal Cash Flow Projection for Crystal River Unit 3 (Dollars in Millions)

Year Ended Year Ended December 31, 2005 December 31, 2006 Actual Projected Net Income After Taxes $ 260 $ 313 Less Dividend Paid 0 (235)

Retained Earnings 260 78 Adjustmen:s:

Depreciation and Amortization 367 424 Deferred Income Taxes and Investment Tax Credits (50) (51)

AFUDC (22) (25)

Total Adjustments 295 348 Internal Cash Flow $ 555 $ 426 Average Quarterly Cash Flow $ 139 $ 107 Percentage Ownership in Crystal River Unit No. 3 100%

• Maximum Total Contingent Liability $ 15

• 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 15, 2006, and covers all of the owners of this unit.

I do certify the above to be correct and accurate.

Thomas R. Sullivan Treasurer  ;;A Prepared by: R. H. Kramer S:ACashMgmt'.Compliance\[01-041 NRCCash Flow Projection_2006.xIs]PEF06