ML12152A310

Annual Report of Guarantee of Payment of Deferred Premium

ML12152A310
Person / Time
Site:	Palo Verde, San Onofre
Issue date:	05/31/2012
From:	St.Onge R Southern California Edison Co
To:	Office of Nuclear Reactor Regulation, Document Control Desk
References
Download: ML12152A310 (3)

Text

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Richard J. St. Onge

~~j\j SOUTHERN CALIFORNIA aP Director, Nuclear Regulatory Affairs and

!~~ EDISON Emergenc y Planning An EDISON INTERNATlONALaP Company 10 CFR 140.21 May 31, 2012 AnN: Document Control Desk U. S. Nuclear Regulatory Commission

. Washington, D.C. 20555-0001 San Onofre Nuclear Generating Station Units 2 and 3

. Docket Nos. 50-361, 50-362 Palo Verde Nuclear Generating Station Units 1, 2, and 3 Docket Nos. 50-528, 50-529, and 50-530

Subject:

Annual Report of Guarantee of Payment of Deferred Premium

Dear Sir or Madam:

10 CFR 140.21 requires Southern California Edison (SCE) , as agent for the owners of the San Onofre Nuclear Generating Station Units 2 and 3 and SCE's 15.8% ownership share of Palo Verde Units 1, 2, and 3, to provide evidence that it maintains a guarantee of payment of deferred premium in an amount of $17.5 million for each reactor SCE is licensed to operate. In accordance with option (e) of 10 CFR 140.21 and with 10 CFR 50.71(b) , SCE has provided its quarterly Form 10-Q report to the Securities and Exchange Commission in lieu of an annual certified financial statement.

SCE is providing the enclosed 2011 Internal Cash Flow statement which is from the consolidated financial statements included in SCE 's 2011 annual report.

There are no commitments contained in this letter or its enclosure.

Should you have any questions or require' additional information , please contact Ms. Linda 1. Conklin at 949-368-9443.

Sincerely, P.O. Box 128 San Clemente, CA 92672

Document Control Desk May 31, 2012 Enclosure cc: E. E. Collins, Regional Administrator, NRC Region IV R. Hall, NRC Project Manager, San Onofre Units 2 and 3 G. G. Warnick, NRC Senior Resident Inspector, San Onofre Units 2 and 3

SOUTHERN CALIFORNIA EDISON COMPANY 2011 Internal Cash Flow (Dollars in Millions) 2011 Actual Net Income After Taxes $1,144 Dividends Paid !illQ1 Retained Earnings $624 Adjustments:

Depreciation & Decommissioning $1,426 Net Deferred Taxes & ITC $852 Allowance for Funds Used During Construction ~

Total Adjustments $2,140 Internal Cash Flow Average Quarterly Cash Flow $691 Percentage Ownership in All Nuclear Units:

San Onofre Nuclear Generating Station Units 2 & 3 o Southern California Edison Company 78.21%

o San Diego Gas & Electric Company 20.00%

o City of Riverside 1.79%

Palo Verde Nuclear Generating Station Units 1, 2 & 3 15.80%

Maximum Total Contingent Liability:

(1)

San Onofre Nuclear Generating Station Unit 2 $17.50 (1)

San Onofre Nuclear Generating Station Unit 3 $17.50 (2)

Palo Verde Nuclear Generating Station Unit 1 $2.77 (2)

Palo Verde Nuclear Generating Station Unit 2 $2.77 (2)

Palo Verde Nuclear Generating Station Unit 3 $2.77 Total $43.30 (1) The value represents 100% of the SONGS Annual Per Incident Contingent Liability.

(2) The value represents 15.8% (SCE's Share) of the Palo Verde

. Annual Per Incident Contingent Liability