ML071210237

Evidence of Guarantee of Payment of Deferred Premiums

ML071210237
Person / Time
Site:	Harris, Brunswick, Crystal River, Robinson
Issue date:	04/16/2007
From:	Fulford J Progress Energy Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
PE&RAS-07-019
Download: ML071210237 (4)

Text

Progress Enegy 10 CFR 140.21(e)

PO Box 1551 411 Fayetteville Street Mall Raleigh NC 27602 Serial: PE&RAS-07-019 April 16, 2007 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 2006 actual and 2007 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.

Sincerel, J. aul Fulford (dmager - Perf mance v-Evaluation & Regulatory Affairs DMF Enclosures (2)

Iqo

United States Nuclear Regulatory Commission PE&RAS-07-019 Page 2 c:

W. D. Travers, Regional Administrator - Region II USNRC Resident Inspector - BSEP, Unit Nos. 1 and 2 USNRC Resident Inspector - CR3 USNRC Resident Inspector - SHNPP, Unit No. 1 USNRC Resident Inspector - HBRSEP, Unit No. 2 S. N. Bailey, NRR Project Manager - BSEP, Unit Nos. 1 and 2; CR3 C. P. Patel, NRR Project Manager - SHNPP, Unit No. 1; HBRSEP, Unit No. 2 E. S. Finley, Jr. - Chairman, North Carolina Utilities Commission R. Vance - North Carolina Utilities Commission S. Watson - North Carolina Utilities Commission B. 0. Hall - North Carolina Department of Environment and Natural Resources

4United States Nuclear Regulatory Commission PE&RAS-07-019 Page 1 Carolina Power & Light 2007 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, 2006 Actual 457 (339) 118 Year Ended December 31, 2007 Projected 481 (143) 338 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 656 600 (59)

(6) 591 709 177 (5)

(18) 577 915 229 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 April 9, 2007, 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: S. Daughtridge T:\\CashMgmt\\Compliance\\[01 -041 NRCCash Flow Projection_2007 4-4-07.xls]PEF07

'*United States Nuclear Regulatory Commission PE&RAS-07-019 Florida Power Corporation 2007 Internal Cash Flow Projection for Crystal River Unit 3 (Dollars in Millions)

Page 1 Year Ended December 31, 2006 Actual 328 (234) 94 Year Ended December 31, 2007 Projected 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 357 0

357_

433 369 (48)

(22) 363 457 114 (9)

(71) 289 646 162 100%

• 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 April 9, 2007, 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: S. Daughtridge T:\\CashMgmt\\Compliance\\[01 -041 NRCCash Flow Projection_2007 4-4-07.xis]PEF07