ML092470195

Licensee Guarantee of Payment of Deferred Premium

ML092470195
Person / Time
Site:	Palo Verde
Issue date:	07/15/2009
From:	Perkinson S Salt River Project
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
102-06051-TNW/KAR
Download: ML092470195 (6)

Text

P.O. Box 52025 Phoenix, AZ 8A072-2025

cwww.srpnet* co~i July-15, 2009 U. S. Nuclear RegUlat6ry Commission ATTN: Document Control Desk Washington, DC 20555-000,1

Subject:

Palo, Verde Nuclear Generating Station (PVNGS)

Docket Nos. STN 50-528/ 529/530.

Licensee Guarantee of Payment~of Deferred Premium

Dear Sir'Madam:

PUrsi-jantto the :reqiirements of i0CFR14o.02:1 (e), Sit River Project Agricultural Improvement and. Power Di.strict h.ereafter "the. Company'"., for, itself ýand on behalf ofthe PVNGS Participants, has enclosed projected cash flow statements for each participant.

Portions of the 2009 cash flow information are considered Company confidential as respects to each* PVNGS; Participant, and as such, we request that it be withheld from public disciosur'e pursuant to IOCFR2.390(b)(1). The affidavit to support, this request is provided as. . .Prop.rietary and,non-proprietary versions of the cash flow information. are provided by Attachment 2 and Attachment 3. respectively:

Sh'ould you have any questions, please contact Sue ,Anný Perkinson: at (602) 236-5298, Respectfully, Sue Ann Perkins.on, Manager, Corporate Accounting Services Attachments (3)

1. Affidavit to Request Withholding.of Proprietary Information from Public Disclosure

2. Fiscal Year"2009 Actual Cash Flow and Fiscal Year 20:10 Projected Cash Flow (Proprietary Version),

3. Fiscal Year'2009 Actual Cash Flow and Fiscal.Year:2010 Projected Cash Flow (Non-Proprietary Version)

I

ATTACHMENT 1 UNITED STATES NUCLEAR REGULATORY COMMISSION PALO VERDE NUCLEAR GENERATING STATION DOCKET NO. 50-52815291530 Request to Withhold Proprietary Information from Public Disclosure Salt River Project Agricultural Improvement and Power District hereafter "the Company" hereby requests that Attachment 2 to the. letter entitled "Guarantee of Payment of Deferred Premiums Annual 10CFR140.21*.(e) Report" dated be withheld from public disclosure due to its proprietary nature. The details- of this request are provided in the following affidavit:

AFFIDAVIT I, Sue Ann :Per kins.0n,, being duly sworn,.depose and state as follows:

(-1)1:am tiheManager of Corporate Accounting Services, and have been delegated the function: of review..ing the information described in paragraph (2) which is sought to be withheld, and have been authorized to ap0ply for its withholding.

(2) The information sought to be:withheld consists of portions of the Fiscal Year 201.0 Projectedi Cash Flow that is included :in Attachment2 to the Company's July 15, 2009, letter to the NRC entitled "Guarantee of Payment of Deferred Premiums Annual 10CFR140.21 (e)

Report". Attachrment 2, aone-page document, has: the words "'Proprietary Version" on the top and bottom of -the page.

(3) Intmakingthis application for withholding of proprietary information of which it is the owner, the Company relies upon the exemption from disclosure set forth in the NRC regulation 10 CFR 2.390(b)(1) for confidential financial information.

(4) Justification for the. request for withholding from public disclosure is provided by addressing 'the five. items identified in 1.0 CFR 2.390(b)(4).

To, the best of my knowledge and belief:.

a. This: information is considered company confidential and has been held in confidence by the Company.

b,.. This information is of the type customarily held in confidence by the Company and the rationale basis is thatitwould provide an unfair advantage to competitors if it were disclosed.

c. This information is transritted in confidence to the NRC andthe purpose of

.this request is to. maintain its confidentiality.

d. The: fiscal year 2010 projected cash flow information is not available from public sources.

e, Public disclosure of the information sought to be withheld is likely to cause harm to the Company's competitive position and reduce the availability of profit-making opportunities.

2

ATTACHMENT 1, CONT'D This: letter -contains no restricted or other defense information.

I certify under penalty of perjury that theforegoing is true and correct.

Salt River Project Agricultural Improvement and Power District Company Name S

//eCte E' n Executed, On Executed By I

ATTACHMENT 3 NON-PROPRIETARY VERSION Salt River Project Agricultural Improvement and Power District Joint Owner of Palo :Verde Nuclear Generat ing Station Internal Cash Flow Projection (Millions of Dollars)

Prior Fiscal Projected Fiscal Year 2009 Year 2010 Actual Total Total Net Income After Taxes $ (247)

Less Dividends Paid:

Retained Earnings (247)

Adjustments:

Depreciation, 385 Deferred Income Taxes and Withheld from Investment Tax Credits public disclosure Allowance for Funds Used (45) per Affidavit During Construction Total Adjustments 340 Internal Cash Flow 93 Average Quarterly Cash Flow S .23 Source: Fiscal Year 2009 Annual' Report and Fiscal Year 2010 Approved Budqet.

Per NRC regulation 10 CFR 140.21(e).

NON-PROPRIETARY VERSION

AN-R.)NIO W YILLARAKJOSAý LEE KANON)\ \IT W,1R EDIT1H R'ANIIVL/ý J()N'ATf IAI\ PA I I(IY' i3ARi,3AKiA L\O~ ~

• J.une 23, 2009 Mr.' Stan Michaelis Risk, & Insurance;

-Arizona Publi-c Service Company Mail 'Statibn 8488 PostVOfficeOBxk 53999 Phoenix, Arizona .:85072-3999

Subject:

Pal Verde lnsurancPirog"ram 2,009 nhternaldCaqsh Flow%, Projection

,As-you r.equlested, pilease' fihndi attach'ed the 2009ý Internal Cash Flow Projeotion for the Los Angeles Department off Water and Power being submitted for compliance with Nuclear Regulatory Commission. 10CFR. Pail 140,21 (e). Licensee Gu,-irantee of Payment of Defer*ed Preniiumr, Should you require any additional information,, please call me at .(213) 367-4678.

Sincerely.,

Avery M. Neaman Risk Manager CML LADWPCASHFL2009-:Cov.Ltr-;.dloc:

Atltachmen~t.

By E-NMail!

Watei r d' Paone c"" ' ....

11: N .r.Il opc S..ee. I.,. s e I. l. iPi .. -91 2-2607. .

Arnia ad!i, .v... (o. 51"11 , n:. . O-"  : .

-"W "eiph at:q{:(2 3) 367,41211 ) \L (uhlh' a(,htiS: DX A P0 A .

LOS ANGELES. DEPARTIVIENT OF VVA'.ER & POWIER Power System 2009 Interinala Cash Flow Projection For Palo6VerdeN"'clear 'Power Station" 2007-0)8 2008-09 in'thousads: A ctund Projection*

Net Income Before CityTransfer 322,146 4,07,117 Transferto the City 0i ~~(2220621/45 140-.146 184,6 Adju!stments:

Depreciation.& amort izationqn. 281,541 .2 6,6928 Loss on assetir~pair~men& r Abandoned Prorj'ects: ..0 0 Allowance fo Ufunds used duri*ng cdhnstrudtion .

277"7,733 Total`Adjustments 266,648 Internal Cash Flow $ ,061794 $ 462,298

• Based on pwrss_5290(Aos thfrougi 7ApnI.l,2009) j fn! em,rn(C8ShFAowýdfrV 0809,xIS/'CashF/ow 08.-09