ML112970834
| ML112970834 | |
| Person / Time | |
|---|---|
| Site: | Monticello, Prairie Island, 05000484  |
| Issue date: | 10/23/1981 |
| From: | Hall E Northern States Power Co |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML112970835 | List: |
| References | |
| RTR-REGGD-09.004, RTR-REGGD-9.004 NUDOCS 8110290218 | |
| Download: ML112970834 (3) | |
Text
REGULATORY INFORMATION DISTRIBUTION SYSTEM (RIDS)
ACCESSIO N3R:8110290218 DUC.DATEi: 81/10/23 NOTARIZED: NO
)OCKET #
FACIL:50-2b3 Monticello Nuclear Generating.Plant, Northern States 05000263 50-282 Prairie Island Nuclear Station, Unit 1, NorthernStat 05000282 50-306 Prairie Island Nuclear Station, Unit 2, NorthernStat 05000306 AUTi.NAME:
AUTH3R AFFILIATION HALLE1,JI.
Northern States Power Co, RECIP.v1AM1EI RECIPIENI AFFILIATION SALTZMAMJ.
Antitrust & Economic analysis Branchi.(Util-i.ty Finance)
SUBJECT:
- Forwards Annual Financial Rept for 1980 & schedule showing, cash flow generated in 1980 & projected flow for 1931pper Reg Gujide 9.4.
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Northern States Power Company 414 Nicollet Mall Minneapolis, Minnesota 55401 Telephone (612) 330-5500 October 23, 1981 Mr Jerome Saltzman Chief Antitrust & Indemnity Group T
98i United States Nuclear Regulatory Commission U13eouW OA Washington, D.C.
20555 Dear Mr Saltzman Attached is a schedule showing cash flow generated by Northern States Power Company in 1980 and projected to be generated for the year 1981. These state ments are in compliance with Regulatory Guide 9.4 issued in September, 1978, which requests cash flow information for the most recently completed annual period and projected cash flow.
These cash flow statements comply with the suggested format with one minor exception. We have reduced net income by dividends declared, instead of divi dends paid, to arrive at retained earnings on the third line of the statement.
This adjustment was made to reflect the fact that Northern States Power Company normally declares dividends so that a charge is made to retained earnings during a quarter and a corresponding credit made to dividends payable. The cash dis bursement is made during the first month of the following calendar quarter.
Any increase in dividends declared during the year will be properly reflected in the retained earnings account as a result of treating the dividends in the manner which we have elected for this filing.
I am enclosing a copy of our 1980 Annual Report. The information for 1980 Actual Cash Flow is taken from the Statement of Changes in Financial Position on page 23 of the Annual Report.
If you have any questions regarding this letter, please feel free to write me or call me at (612)330-6622.
Sincerely E J Hall Assistant Treasurer cc R G Johnson, Manager, Insurance and Security Northern States Power Company Attachment Enclosure 8110290218 811023 PDR ADOCK 05000263!
I1
Northern States Power Company (Minn &Subs) 1980 Actual Cash Flow and 1981 Projected Cash Flow Related to Retrospective Premiums for Monticello, Prairie Island I and Prairie Island II Nuclear Generating Units (Dollars in Thousands)
Net Income After Taxes Less Dividends Declared Retained Earnings Adjustments:
Depreciation & Amortization Deferred Income Taxes &
Investment Tax Credits Allowance for Funds Used During Construction Total Adjustments Internal Cash Flow Average Quarterly Cash Flow Percentage Ownership In All Operating Nuclear Units Actual Total
$ 111 283 (85 625) 25 658 156 738 23 258 (12 662) 167 334
$ 192 992 48 248 Monticello Prairie Island Prairie Island Projected Total
$ 129 191 (88 046) 41 145 180 534 19 538 (15 751) 184 321
$ 225 446 56 367 I
II 100%
100%
100%
Maximum Total Contingent Liability 30 000 Cash and Banking DML/GAL/fkm 10/23/81