ML13308B418
| ML13308B418 | |
| Person / Time | |
|---|---|
| Site: | San Onofre  |
| Issue date: | 04/21/1979 |
| From: | Hughes W Southern California Edison Co |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML13308B419 | List: |
| References | |
| NUDOCS 7904270387 | |
| Download: ML13308B418 (2) | |
Text
Southern California Edison Company P. 0.
BOX 800 2244 WALNUTGROVEAVENUE ROSEMEAD. CALIFORNIA 91770 W. G. HUGHES, JR.
TELEPHONE MANAGER OF INSURANCE April 21, 1979 (213) 572-1079 Mr.
Jerome Saltzman Chief, Antitrust & Indemnity Group Nuclear Reactor Regulation Nuclear Regulatory Commission Washington, D.C. 20555 Re:
Docket No. 50-206
Dear Mr. Saltzman:
In compliance with Section 140.21 of 10 CFR.Part 140, the following materials are submitted on behalf of Southern California Edison Company and San Diego Gas & Electric Company, as 80% -
20% owners of San Onofre Nuclear Generating Station Unit 1:
- 1. One copy of Annual Report to the Securities and Exchange Commission (Form 10-K) for the fiscal year ended December 31, 1978.
- 2. Cash Flow Statement for the fiscal year ended December 31, 1978 as outlined in the NRC Regulatory Guide 9.4 "Suggested Format for Cash Flow Statements Submitted as Guarantees of Payment of Retrospective Premiums."
Sincerely, WGH: JR Enclosures cc:
Messrs. H. Fred Christie Michael L. Noel D. N. Barry III F. P. Williams 00
SOUTHERN CALIFORNIA EDISON COMPANY 1979 Internal Cash Flow Projection for San Onofre Nuclear Generating Station Unit 1 (Dollars in Thousands) 1978 1979 Actual Projected Net Income After Taxes
$251,683 Less Dividends Paid 182,738 Retained Earnings
$ 68,945 Adjustments:
Depreciation and Amortization
$157,203
$178,000 Deferred Income Taxes and Investment Tax Credits 97,627 29,000 Allowance for Funds Used during Construction (78,421)
(123,000)
Total Adjustments
$176,409
$ 84,000 Internal Cash Flow
$245,354 Average Quarterly Cash Flow
$ 61,339 Percentage Ownership Unit #1 80%
Southern California in All Operating Edison Company Nuclear Units 20%
San Diego Gas &
Electric Company Maximum Total Contingent Liability
$ 10,000 Company policy prohibits disclosure of financial data which will enable unauthorized persons to forecast earnings or dividends, unless assured confidentiality.
The Net Estimated Cash Flow for 1979 is expected to be comparable to the Actual Cash Flow for 1978.
CRC:JR 3/22/79