ML18018B301

Submittal of Corrective Copies of Consolidated Balance Sheet, Previously Submitted by Letter of 08/01/1978 Along with Necessary Info Required by NRC

ML18018B301
Person / Time
Site:	Nine Mile Point
Issue date:	08/15/1978
From:	Rushmore J Niagara Mohawk Power Corp
To:	Saltzman J Office of Nuclear Reactor Regulation
References
Download: ML18018B301 (8)

Text

~s/i hr REGULATORY INFORMATION DISTRIBUTION SYSTEM (RIDS)

DISTRIBUTION FOR INCOMING MATERIAL 50-220 REC: SALTZMAN J ORG: RUSHMORE J W DOCDATE: 08/15/78 NRC NIAGARA MOHAWK PWR DATE RCVD: 08/17/78 I1 DOCTYPE: LETTER NOTARIZED: NO COPIES RECEIVED

SUBJECT:

LTR 1 ENCL 1 FORWARDING CORRECTED COPY OF'ONSOLIDATED BALANCE SHEETS PREVIOUSLY SUBMITTED BY APPLICANT"S LTR OF 08/01/78 ALONG WITH NECESSARY INFO REQUIRED BY NRC PURSUANT TO 42F. R. 46 DTD 01/03/77.

PLANT NAME: NINE MILE PT "- UNIT 1 REVIEWER INITIAL: X JM DISTRIBUTOR INITIAL:

~~~~~~~~~~~~~~~~~~~+ DISTRIBUTION PF THIS MATERIAL ZS AS FOLLOWS ~~~~~~~~~~~~~~~~~~

INSURANCE: INDEMNITY/ENDORSEMENT AGREEMENTS (DISTRIBUTION CODE M001)

INTFRNAL: REG FILE++W/ENCL NRC PDR>>W/ENCL

+W/ENCL I.I JORDAN+4W/ENCL EXTERNAL: LPDR'8 OSWEGO NY+<W/ENCL TERA~~W/ENCL NS I C++W/ENCL ACRS CAT B+<W/0 ENCL DISTRIBUTION: LTR 7 ENCL 7 CONTROL NBR: 782190337 SIZE: iP+iP THE END

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V NIIASAIRA g PgQOQ@5$ K NIAGARA MOHAWK POWER CORPORATION/300 ERIE BOULEVARD WEST. SYRACUSE, N.Y. 13202/TELEPHONE (315) 474-1511 August 15, 1978

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p ci ri Mr. Jerome Saltzman, Chief C/)

Antitrust 8z Indemnity Group Nuclear Reactor Regulation Nuclear Regulatory Commission Washington, D. C. 20555 Re: Docket No. 50-220 - Guarantee of Retrospective Premium

Dear Mr. Saltzman:

In a letter, dated August 1, 1978, we sent the necessary material required by the Commission pursuant to 42 P. R. 46, dated January 3, 1977.

The Consolidated Balance Sheet, which was attached, has been discovered to have an error and, therefore, corrected copies are enclosed.

If there are any questions, please advise.

Very truly yours, W. Rushmore, upervisor - Insurance System Risk Management JWR/cnw Enclosures 7~2g9p337

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NIAGARA HOHAllK POWER CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATED BALANCE SHEET (UNAUDITED)

At June 30 1978 1977

~In Thousands of Do11ars ASSETS Utility plant, at original cost:

Electric... ~ ~ ~ ~ ~ ~ t ~ ~ ~ ~ $ 2,676,171 $ 2,570,474 Nuclear fuel.................. 82,190 87,290 G as ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

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~ 345,209 336,217 C ommon o ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ ~ ~ ~ ~ 57,900 55,499 Construction work in. progress. 506,508 370,645 Total o ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Less-accumul ated depreci ation. 873,972 810,199

,Net util Hy plant , 2,794,006 2,609,926 Other property and investments: 15,240 15,676 Current assets:

C ash o ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 7,812 4,160 Temporary cash investments....:......... 36, 991 Accounts receivable. (trade)............. 0 ~ ~ 0 ~ ~ ~ ~ ~ ~ ~ ~ 112,857 110,31 0 Less-allowance for doubtful accounts.. (1,600) (1,300)

Income tax refund claims 8,027 7,188 Haterial and supplies, at average cost:

Coal and oil for production of electri citys ~ ~ ~ ~ ~ ~ 64,589 44,894 0 ther................................. 28,585 25,594.

Prepaid real estate taxes 23,395 23,055 Other prepayments..........-..'.......... 2,794 2,407 YF3,460 216,308 Deferred debits:

Unamortized debt expense.. 13,836 13,243 Deferred recoverable energy costs................... 11,588 29,914 0 thel o ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ t ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 3,966 5,187 29,390 48,344 3, , Ub ,890,2

( ) Denotes Deduction

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NIAGARA ViOHANK POWER CORPORATION AND SUBSIDIARY COMPANIES CONSOLIDATED BALANCE SHEET (UNAUDITED)

At June 30, 1978 1977 In Thousands of Dollars LIABILITIES Capitalization:

Common stockholders'quity:

Common stock - $ 1 par value; authorized 85,000,000 (65,000,000 in 1977) shares;'issued 61,360,036 and 56,375,219 shares, respectively... $ 61,360 $ 56,375 Premium on capital stock............... ......... 636,083 570,409 Capital stock expense...............-............. (8,512) (8,103)

Retained earnings...................... 372,138 343,195 1,061,069 961,876 Cumulative preferred stock - $ 100 par value authorized 3,400,000 shares; issued 3,364,000 and 3,382,000 shares, respectively (includes sinking fund. requirements) 334,600 3365400 Cumulative preferred stock - $ 25 par-value; authorized 9,600,000 shares; issued 2,800,000 and 1,200,000 shares, respectively............ 70,000 30,000 Cumulative preference stock - $ 25 par value, authorized 4,000,000 shares; issued - none.

Total stockholders'quity...........,....... ,1,465,669 1,328,276 Long-term debt 1,391,417 1,278,545 Total capitalization....................... K~5,086 2,60,8 Current liabilities:

Notes payable and commercial paper. 43,200 Long-term debt due within one year.. ~ ~ ~ ~ ~ ~ ~ 4 ~ ~ ~ ~ ~ ~ 9,375 1,500 Sinking fund requirements. on preferred stock 0 ~ ~ ~ ~ ~ ~ ~

',800 1,800 Accounts payable. 59,876 68,921 Customers'eposits................... 5,001 4,301 Accrued taxes....................... ~ . 36,74? 34,799 Accrued interest......,.......,......... ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 0 ~ ~ ~ 28,407 24,086 Accrued vacation pay.........'......... ~ ~ ~ ~ ~ ~ ~ 4 ~ ~ ~ ~ ~ ~ ~ 12,104 10,665 0 ther... 11,312 4,977 164,622 194,249 Deferred credits:

Income tax refunds 19,870 19,571 0 thero ~ ~ ~ ~ ~ . ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ \ ~ ~ ~ tl ~ ~ ~ ~ 0 9,768 11,794 29,638 31,365 Accumulated deferred federal income taxes 70,740 57,819 3,122,086 B. 90. 4

( ) Denotes Deduction

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