ML17299A740
| ML17299A740 | |
| Person / Time | |
|---|---|
| Site: | Palo Verde  |
| Issue date: | 11/07/1985 |
| From: | Knighton G Office of Nuclear Reactor Regulation |
| To: | Van Brunt E ARIZONA PUBLIC SERVICE CO. (FORMERLY ARIZONA NUCLEAR |
| References | |
| TAC-60475, NUDOCS 8511190442 | |
| Download: ML17299A740 (7) | |
Text
Docket No.:
50-528 Mr. E.
E.
Van Brunt, Jr.
Executive Vice President Arizona Nuclear Power Project Post Office Box 52034 Phoenix, Arizona 85072-2034
Dear Mr. Van Brunt:
NOV 7 S85 DISTRIBUTION 2~55-525%
NRC PDR LPDR EJordan NSIC ACRS (16)
PRC System
- Attorney, OELD LBP3 Rdg JPetersen, SP EALicitra JLee JPartlow BGrimes
Subject:
Request for Additional Information - Application in Respect of a Sale and Leaseback Financing Transaction for Palo Verde Unit 1 By letter dated October 17, 1985, you filed an application for Palo Verde Unit 1 in respect of a sale and leaseback financing transaction by Public Service Company of New Mexico, a co-owner in the facility.
In order that we may complete our review of the proposed financing transaction, we require additional financial information.
The specific information needed is identified in the enclosure.
We ask that you provide responses to the enclosed request for financial information. If you have any questions regarding the letter, you should contact Mr. E. A. Licitra, the Licensing Project Manager.
Sincerely,/S
Enclosure:
As stated George W. Knighton, Chief Licensing Branch No.
3 Division of Licensing cc:
See next page DL:LB83 g D
EALici a7 1
on 11/P /85 11/
/85 8511190442 8
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Mr. E.
E.
Van Brunt, Jr.
Arizona Nuclear Power Project Palo Verde CC:
Arthur C. Gehr, Esq.
Snell 5 Wilmer 3100 Valley Center Phoenix, Arizona 85073 Mr. James M. Flenner, Chief Counsel Arizona Corporation Commission 1200 West Washington Phoenix, Arizona 8500?
Charles R. Kocher, Esq. Assistant Council James A. Boeletto, Esq.
Southern 'California'dison Company P. 0.
Box 800
- Rosemead, Cali fornia 91??0 Mr. Mark Ginsberg Energy Director Office of Economic Planning and Development 1700 West Washington - 5th Floor Phoenix, Arizona 85007 Mr. Wayne Shirley Assistant Attorney General Bataan Memorial Building Santa Fe, New Mexico 87503 Mr. Roy Zimmerman U.S. Nuclear Regulatory Commission P. 0.
Box 239 Arlington, Arizona 85322 Ms. Patricia Lee Hourihan 6413 S. 26th Street Phoenix, Arizona 85040 Regional Administrator, Region V
U. S. Nuclear Regulatory Commission 1450 Maria Lane Suite 210 Walnut Creek, California 94596 Kenneth Berlin, Esq.
Winston E Strawn Suite 500 2550 M Street, NW Washington, DC 20037 Ms. Lynne Bernabei Government Accountability Project of the Institute for Policy Studies 1901 Que Street, NW Washington, DC 20009 Ms. Jill Morrison 522 E. Colgate Tempi, Arizona 85238 Mr. Charles B. Brinkman, Manager Washington Nuclear Operations Combustion Engineering, Inc.
7910 Woodmont Avenue Suite 1310
- Bethesda, Maryland 20814 Mr. Ron Rayner P. 0.
Box 1509
- Goodyear, AZ 85338
r
Enclosure RE(VEST FOR ADDITIONAL FINANCIAL INFORMATION A lication in Res ect of a Sale and Lease ac Financin Transaction B
Pu c Serv ce Com an o
New Mexico Pa o
er e Unit. No.
1.
Public Service Company of New Mexico (PNM) is currently required to pay 10.2 percent of all Palo Verde Unit No.
1 (PV1) operating costs to Arizona Public Service Company and 10.2 percent of future decoomissioning costs.
Please explain in detail the source of this 10.2 percent share of total PV 1 costs under the proposed refinancing arrangement.
Include an explanation of provisions for covering all increases in operating and decommissioning costs following the refinancing for the term of the license..
2 Please provide a detailed explanation of the expected financial effects on PNM resulting from the refinancing of fts 'PV 1 interest.
Include effects on its income statement and balance sheet and on its ability to fund its share of PV 1 operating and decommissioning costs including any future cost increases.
3.
Explain the ratemaki'ng authority and responsibility of the New Mexico Public Service Commission as it will relate to provision of revenues to cover PV 1 operating and decomnissioning costs applicable to PNM's refinanced ownership interest.
4.
Provide copies of the most recent interim financial statements and SEC Form 10-g for PNM and for the First National Bank of Boston.
5.
Indicate the total purchase price for the refinanced PV I interest and a
detailed dollar breakdown of the portions to be financed by debt and by investment of each equity investor.
6.
Describe the sources of funds and amounts for each equity investor's investment in PV l.
7.
Provide copies of the most recent interim and annual financial statements
'or each equity investor.
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