ML17146A905

Annual Report of Guarantee of Payment of Deferred Premium

ML17146A905
Person / Time
Site:	Palo Verde, San Onofre
Issue date:	05/24/2017
From:	Morgan M Southern California Edison Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML17146A905 (4)

Text

~\YI ["Di"§ON* Mark Morgan Regulatory Affairs An EDISON INTERNATIONAL~* Company May 24, 2017 10 CFR 140.21 A TIN: Document Control Desk U. S. Nuclear Regulatory Commission Washington, D.C. 20555-0001

Subject:

Annual Report of Guarantee of Payment of Deferred Premium 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

Dear Sir or Madam:

10 CFR 140.21 requires Southern California Edison (SCE), as agent for the participants 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 provid~ evidence that it maintains a guarantee of payment of deferred premium in an amount of $18.963 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 arid Exchange Commission in lieu of an annual certified financial statement.

SCE is providing the enclosed 2016 Internal Cash Flow Statement which is from the consolidated financial statements included in SCE's 2016 Annual Report.

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

Should you have any questions or require additional information, please contact me at (949) 368-6745.

Sincerely, A,;__~

Enclosure:

2016 Internal ca*sh Flow Statement cc: K. Kennedy, Regional Administrator, NRC Region IV M. G. Vaaler, NRC Project Manager, SONGS Units 1, 2 and 3

Enclosure 2016 Internal Cash Flow Statement

SOUTHERN CALIFORNIA EDISON COMPANY 2016 Internal Cash Flow (Dollars in Millions) 2016 Actual Net Income After Taxes $1,499 Dividends Paid ($824)

Retained Earnings $675 Adjustments:

Depreciation & Decommissioning $2,085 Net Deferred Taxes & ITC $88 Allowance for Funds Used During Construction Total Adjustments am

$2,076 Internal Cash Flow $2,751 Average Quarterly Cash Flow $688 Percentage Participation in All Nuclear Units:

San Onofre Nuclear Generating Station Units 2 & 3 Southern California Edison Company 75.7419%

San Diego Gas & Electric Company 20.0000%

City of Anaheim 2.4681%

City of Riverside 1.7900%

Percentage Ownership in All Nuclear Units:

Palo Verde Nuclear Generating Station Units 1, 2 & 3 Southern California Edison Company 15.8000%

Maximum Total Contingent Liability:

San Onofre. Nuclear Generating Station Unit 2 Southern California Edison Company $ 14.363 San Diego Gas & Electric Company $ 3.793 City of Anaheim $ 0.468 City of Riverside $ 0.339 TOTAL $ 18.963 <1>

San Onofre Nuclear Generating Station Unit 3 Southern California Edison Company $ 14.363 San Diego Gas & Electric Company $ 3.793 City of Anaheim $ 0.468 City of Riverside $ 0.339 TOTAL $ 18.963 <1>

Palo Verde Nuclear Generating Station Unit 1 Southern California Edison Company $ 2.996 <2>

Other Co-Owners $ 15.967 TOTAL $ 18.963 Palo Verde Nuclear Generating Station Unit 2 Southern California Edison Company $ 2.996 <2>

Other Co-Owners $ 15.967 TOTAL $ 18.963 Palo Verde Nuclear Generating Station Unit 3 Southern California Edison Company $ 2.996 <2>

Other Co-Owners $ 15.967 TOTAL $ 18.963 Total Southern California Edison Company Contingent Liability $ 37.714 1

<> The value represents 100% of the San Onofre Annual Per Incident Contingent Liability. The Maximum Total Contingent Liability was increased to $18.963 (Dollars in Millions) per reactor, as announced in the Federal Register, Volume 78, No.134: Friday July 12, 2013, Pages 41835- 36 and became effective on September 10, 2013.

2

<> The value represents 15.8% (SCE's Share) of the Palo Verde Annual Per Incident Contingent Liability.