ML18044A424
| ML18044A424 | |
| Person / Time | |
|---|---|
| Site: | Palisades  |
| Issue date: | 01/11/1980 |
| From: | Boris W CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.) |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8001160411 | |
| Download: ML18044A424 (3) | |
Text
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'.A consumers Power company
- General Offices: 212 West Michigan Avenue, Jackson, Michigan 49201 * *1517) 788-1111 January 11, 1980 Mr. Jerome Saltzman, Chief Antitrust and Indemnity Group Nuclear Reactor Regulation United States Nuclear Regulatory Commission Washington, DC 20555
Dear Mr. Saltzman:
PALISADES NUCLEAR PLANT DOCKET NO. 50-255 W.R. Boris Executive Vice President In accordance with Section 140.2~ of the Commission's Regulations and Regulatory Guide 9.4, there is transmitted herewith as evidence of guarantee of payment of deferred pr~miums in connection with the above-named nuclear power plant two copies of a statement of internal cash flow for the twelve months ended November 30, 1979 and projected for the twelve months ended November 30, 1980.
Yours very
\\.
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CONSUMERS POWER COMPANY Actual 12 Months Ended November 1979 and Projected Internal Cash Flow 12 Months Ended November 1980 (Thousands of Dollars)
Palisades Nuclear Plant Net income a~er taxes Less dividends Retained earnings Adjustments:
Depreciation and amortization Deferred income taxes and investment tax credits Allowance for funds used during construction Total adjustments Internal cash flow Average quarterly cash flow l~F2
$ 207,715 1572881
~ 422834
$ 115,547 24,692
{1112663)
~ 282576
~ 782410
~ 122603 1980
$ 217,297 1812465
$ 352832
$ 126,747 34,o86 (1332033)
$ 272800
~ - 632632
$ 152208 Percentage Ownership in Operating Nuclear Units Palisades Nuclea+ Plant 100'%
Maximum Total Contingent Liability:
$10,0002000 CONSUMERS POWER COMPANY January 10, 1980
CONSUMERS POWER COMPANY
- Actual 12 -Months Ended November 1979 and Projected Internal Cash Flow 12 Months Ended November 1980 (Thousands of Dollars)
Palisades Nuclear Plant
~
1972 1980 Net income after taxes
$ 207,715
$ 217,297
- Less dividends 1572881 1812465 Retained earnings
$ 492834
$ 352832 Adjustments:
Depreciation and amortization
$ 115,547
$ 126,747 Deferred income taxes and investment tax credits 24,692 34,086 Allowance for funds used during construction (1112663)
(1332033)
Total adjustments
$ 282576
$ 272800 Internal ca sh flow
$ 782410
$ 632632 Average quarterly cash flow
$ 19,603
$ 15,908 Percentage Ownership in Operating Nuclear Units Palisades Nuclear Plant
- Maximum Tota 1 Contingent Liability:
$10,000,000 CONSUMERS POWER COMPANY 100%.