ML18051A280
| ML18051A280 | |
| Person / Time | |
|---|---|
| Site: | Palisades  |
| Issue date: | 01/17/1983 |
| From: | Boris W CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.) |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8301210110 | |
| Download: ML18051A280 (3) | |
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consumers POWlU compa~y General Offices: 212 West Michigan Avenue, Jackson, Ml 49201 * (517) 788-1111 January 17, 1983 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
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WR Boris Executive Vice President - Finance In accordance with Section 140.21 of the Commission's Regulations and Regulatory Guide 9.4, there is transmitted herewith as evidence of guarantee of payment of deferred premiums 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, 1982 and projected for the tweive months ended November 30, 1983 to provide $5,000,000.
A letter of credit for an additional
$5,000,000 from The Chase Manhattan Bank, N.A., 1 New York Plaza, New York, New York 10081, has been issued to American Nuclear Insurers Inc.
The original of that letter of credit has been sent by separate mail to the American Nuclear Insurers Inc.
Yours very truly, 8301210110 830117 PDR ADOCK 05000255 J
CONSUMERS POWER COMPANY Actual 12 Months Ended November 1982 and Projected Internal Cash Flow 12 Months Ended November 1983 (Thousands of Dollars)
PALISADES NUCLEAR PLANT Net income after taxes Less dividends Retained earnings Adjustments:
Depreciation and amortization Deferred income taxes and investment tax credit Allowance for funds used during construction Total adjustments Internal cash flow Average quarterly cash flow 1982 282,158 232, 877 49,281 146,753 27,058 (196,150)
(22,339) 26,942 6,736 1983
$ 373,756 288,805 84,951
$ 153,924 30, 726 (249,439)
$ (64,789) 20,162 5,041 Percentage ownership in operating nuclear units Palisades Nuclear Plant 100%
Maximum total contingent liability:
$10,000,000 January 17, 1983
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