ML17258A795
| ML17258A795 | |
| Person / Time | |
|---|---|
| Site: | Ginna, Sterling  |
| Issue date: | 02/10/1981 |
| From: | Kowba S ROCHESTER GAS & ELECTRIC CORP. |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8102180549 | |
| Download: ML17258A795 (7) | |
Text
REGULATORY IAI-ORMATION DISTRIBUTION SYST
~ (RIDS).
ACCESSION NBR:8102180549 DOC,DATE: 81/02/10 NOTARIZED:
NO FACIL:50"244 Robert Emmet Ginna Nuclear Planti Unit 1E,Rochester G
50"485 Sterling Power Nuclear Projecti Unit li Rochester 05000485 AUTH ~ NAME AUTHOR AFFILIATION KONBAES.
Rochester Gas 8 E'lectric Corp.
RECIP NAM4 RECIPIENT AFFILIATION SALTZMANEJ~
Utility Finance Branch (formerly Antitrust 8 Indemnity)
SUBJECT:
Forwards summary of actual cash flow for 1980rproj ected cash flow for 1981 8 financial statement for 3 8
12 months ended 841231
~ Info suppor ts util guarantee to pay retrospective premiums required by secondary financial pt otection sys
~
OISTRISUTION CODE'OD IS COPIES RECEIVED:LTR
+ENCL g SIZE:
TITLE: Insur ance:
Indemni ty/Endorsement Agreements NOTES: 1 copy;SEP Sects Ldr.
Standardized Plant.
I8E:
3 copies all material. Inactive, 05000244
'05000485 RECIPIENT Io CODE/NAME INTERNAL: A/
NSNG 07 F IL 01 R
08 COPIES CTTR ENCL 1
0 1
1 1
RECIPIENT ID CODE/NAME NRC PDR 02 SOULESEJ
~
06
" COPIES L'TTR ENCL 1
1 1
EXTERNAL: LPDR 03 NSIC 1
1 FEB 20 1S81
/n TOTAL NUMBER OF COPIES REQUIRLID: LTTR ~ ENCL
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~ ~I ROCHESTER GAS AND ELECTRIC CORPORATION
~ 89 EAST AVENUE, ROCHESTER, N.Y. 14649 STEPHEN KOWBA ASSISTANT CONTROLLER TE'LKRHONC ARSA COOS 7la 546-2700 February 10, 1981 Mr. Jerome
- Saltzman, Chief Antitrust 6 Indemnity Group Nuclear Reactor Regulation Nuclear Energy Commission Washington,-
D C 20555 Re:
10 CFR Part 140, Section 140. 21
Dear Mr. Saltzman:
Enclosed is material required under Alternative Method No.
5 to support a guarantee by Rochester Gas and Electric Corporation that it can pay the retrospective pre-miums which might be required under the Secondary Financial Protection system.
Attachment A summarizes the actual cash flow for the calendar year 1980 and the projected cash flow for the calendar year 1981.
Attachment B is a certified financial statement covering the three months ended December 31, 1980 and 12 months ended December 31, 1980.
C>,-
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/g We do not believe that it would be necessary to curtail any capital-expenditures if a retrospective premium had to be paid.
However, if future circumstances were such as to -impact capital expenditures, we probably would delay
~~upgrading.distribution facilities which would not have an immediate impact on our service standards.
Very truly yours, Step en Kowba
@~Encl@sures
R ster Gas and Electric Corpora Statement of Income (000's)
Attachment B
Three Months Ended December 31 1980 Year Ended December 31 1980 Revenue Electric Gas Steam Electric sales to other utilities C
Expense Electric and steam fuels Purchased electricity Deferred fuel electric and steam Purchased natural gas Other operation Maintenance Total operation and maintenance expense Depreciation Taxes-Local, state and other Federal income tax current deferred
$ 70,177 51,200 5 691 127,068 14 276 141,344 27,297 6,777 (4,548) 43,080 21,059 8 020 101,685 7,847 14,771 (4,161) 8 428
$245,005 181,046 23 589 449,640 52 786 502,426 86,622 23,796 (6,911) 127,759 81,960 32 048 345,274 27,800 56,984 393 12 443 Operating Income Other Income and Deductions Allowance for other funds used during construction Other - net Income before Interest Charges 12,774 2,824 905 3,729 16,503 59,532 11,710 4 772 16,482 76,014 Interest
- Charges, Long-term debt Short-term debt Other net Allowance for borrowed funds used during construction Net Income Dividends on Preferred and Preference Stock Earnings Applicable to Common Stock 8,778 1,092 76 (1 602) 8,344 8, 159 2 634 8
5525 34,129 4,298 755 (6 820) 32,362 43,652 8 927 8 34 725 I hereby certify these Financial Statements to be knowledge and belief.
correct to the best of my ROCHESTER GAS AND ELECTRIC CORPORATION By
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Attachment A
Roc ster Gas and Electric Corporat 1981 Cash Flow Projection For R. E. Ginna Nuclear Power Station (000's)
Net Income After Taxes Less Dividends Paid Retained Earnings 1980 Actual
$ 43,652 32 612
$ 11,040 1981 Forecasted
$ 51,039 39 328
$ 11,711 Adjustments:
Depreciation and Amortization Deferred Income Taxes Deferred Fuel Costs Allowance for Funds Used During Construction Total Adjustments Internal Cash Flow
$ 48,589 6,927 (4,813)
(18 531)
$ 32,172 8 43 212
$ 53,588 5,139 8,947 (22 133)
$ 45,541 8 57 252 Average Quarterly Cash Flow 8
10 803 8 14 313 Percentage Ownership in All Operating Nuclear Units Maximum Total Contingent Liability R. E. Ginna 100/
$ 10,000
C