ML113190141
| ML113190141 | |
| Person / Time | |
|---|---|
| Site: | Monticello, Prairie Island  |
| Issue date: | 10/23/1978 |
| From: | Carlson L Northern States Power Co |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML113190142 | List: |
| References | |
| NUDOCS 7810300156 | |
| Download: ML113190141 (4) | |
Text
REGULATOROINFORMATION DISTRIBUTIONOSTEM DOCKET NBR: 050-263/282/306 MONTICELLO; DOC DATE:
781023 PRAkIRE ISLAND 1/2 RECIPIENT: SAT.MANJ J
ACCESSION NBR:,810p0li6 ORIGINATOR: CART.SlN. T p COPIES RECEIVED:
COMPANY:
ENCL 1
SUBJECT:
SIZE: 2+32 Forwards 1977 Annual Rept and schedule showing 1977 actual Cash Flow to comply with Reg Guide 9.4. Npt income by dividends declared instea of r9ividends naid has been reduced to get retained earnings figure.
DISTRTRLITTON CODEI MOO NOTARIZED DISTPTRiUTION TITLE.
ANNUAL FINANCIAL RPTS ADDRESSED TO ANTITRUST GROuP(SALTZHAN)
ME ENCL?
'4/FINCL DR LTF? CJNLY RS W/O ENCL TOTA. NUMFiEP4 OF COPIES EURF)
LTR E NC L FOR ACTION I
ENCL TO J SALTZMAN.
NOTES:
UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, 0. C. 20555 MEORANDUM FOR:
FROM:
SUBJECT:
E 1. Please attache TERA Corp.
US NRC/TIDC/Distribution Services Branch Special Document Handling Requirements use the following special distribution list for the d document.
- 2.
The attached document requires the following special considerations:
Do not send oversize enclosure to the NRC PDR.
Only one oversize enclosure was received -
please return forg AL.jAq J Proprietary information -
send affidavit only to the NRC PDR Other: (specify)
TIDC/DSB Authorized Signature cc: DSB Files
NORTHERN STATES POWER COMPANY MINNEAPOLIS.
MINNESOTA 55401 October 23, 1978 Mr Jerome Saltzman Chief Antitrust & Indemnity Group United States Nuclear Regulatory Commission Washington, D. C.
20555 Dear Mr Saltzman Attached is a schedule showing cash flow generated by Northern States Power Company in 1977 and projected to be generated for the year 1978.
These statements 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 dividends 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 payment is then made the following quarter.
Any increase in dividends declared during the year will be properly re flected 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 1977 Annual Report. The information for 1977 Actual Cash Flow is taken from the Statement of Changes in Financial Position on Page 19 of the Annual Report.
If you have any questions regarding this letter, please feel free to write to me or call me at 612-330-5567.
Sincerely L R Carlson, Manager Cash and Banking cc R G Johnson, Manager, Insurance and Security Northern States Power Company Attachment Enclosure 7 o3e 013
Northern States Power Company (Minn & Subs) 1977 Actual Cash Flow and 1978 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 and 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 1977 Actual Total 98 651 (74 277) 24 374
$ 116 285 51 153 (7 04)
$ 160 397
$ 184 771
$ 46 193 Monticello Prairie Island I Prairie Island II 1978 Projected Total
$ 117 206 (77 995) 39 211
$ 123 184 59 026 (9 541)
$ 172 669
$ 211 880
$ 52 970 100%
100%
100%
30 000 Maximum Total Contingent Liability Cash and Banking LRC/SCF/vle 10/23/78