ML112970834

Forwards Annual Financial Rept for 1980 & Schedule Showing Cash Flow Generated in 1980 & Projected Flow for 1981,per Reg Guide 9.4

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: ML112970834 ML20011A642
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. S4(6 DISTRIBJTION CODEi: M004S COPIES RECEIVED:L'TR ENCLt. SIZEl TIThEl: Annual Financial Reports NOTES;:

RECIPIENT COPIES RECIPIENT COPJ ES I), CODE/NAMEI LTTR ENCL ID CODE/NAME LTTRI ENCL, ACTION: OR3i #2 BC. 1 0 ORB #3 BC 1 0 OR3 42 LAI 01. 1 1 KREDJTZERIP, 01 1 1 ECZLESTA N, K. 1 0 DilANNITD, 1 0 DilANNIiD 1 0 INTERN(< 04 1 SP: 1 1 EXTERNAL,: LPDR 03, 1 1 NRC PDR 02 1 1 NSIC 05. 1 1 NTIS 1 1 02, 0D

,TOTAL NUVI8EROF COPIES RE U1RED;:LTTR A

,A ENCL EC 1

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Northern States Power Company RSP 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 PDR,

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)

Actual Projected Total Total Net Income After Taxes $ 111 283 $ 129 191 Less Dividends Declared (85 625) (88 046)

Retained Earnings 25 658 41 145 Adjustments:

Depreciation & Amortization 156 738 180 534 Deferred Income Taxes &

Investment Tax Credits 23 258 19 538 Allowance for Funds Used During Construction (12 662) (15 751)

Total Adjustments 167 334 184 321 Internal Cash Flow $ 192 992 $ 225 446 Average Quarterly Cash Flow $ 48 248 $ 56 367 Percentage Ownership In All Monticello 100%

Operating Nuclear Units Prairie Island I 100%

Prairie Island II 100%

Maximum Total Contingent Liability $ $ 30 000 Cash and Banking DML/GAL/fkm 10/23/81