ML19030A891
| ML19030A891 | |
| Person / Time | |
|---|---|
| Site: | Salem  |
| Issue date: | 03/13/1978 |
| From: | Schneider F Public Service Electric & Gas Co |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| Download: ML19030A891 (6) | |
Text
Frederick W. Schneider Vice President Public Service Electric and Gas Company 80 Park Place Newark, N.J. 07101 201/430-7373 Production Mr. Jerome Saltzman, Chief Antitrust & Indemnity Group Nuclear Reactor Regulation U. S. Nuclear Regulatory Commission Washington, D. c.
20555 March 13, 1978 RE:
SALEM GENERATING STATION UNIT NO. 1 DOCKET NO. 50-272; GUARANTEEING RETROSPECTIVE PREMIUMS FOLLOWING NUCLEAR INCIDENT Mr. Saltzman:
As required by the 1975 Amendments to the Price-Anderson Act (Public Law 94-197), the owners of Salem Generating Station Unit No. 1 submit the following statements and supporting documents to satisfy guarantee requirements as provided under Alternative No. 5:
- 1.
1977 Stockholders' Annual Report of each owner.
- 2.
Summary of Owners' 1978 Projected Internal Cash Flow Statements supported by individual certified Internal Cash Flow Statements.
Similar documents will be filed by Philadelphia Electric Company for the owners of the Peach Bottom Generating Station Units 2 and 3.
Very truly yours,
I.
Net Income Less Dividends Paid Retained in Business Adjustments:
Depreciation Amortization and Other Deferred Income Taxes and Investment Tax Credits Allowance for Funds Used During Construction Total Adjustments Internal Cash Flow Nuclear Generating Station Percentage of Ownership Salem 1 Maximum Contingent Liability (Severally and not Jointly)
SALEM GENERATING STATION OWNERS PROJECTED INTERNAL CASH FLOW STATEMENT FOR THE YEAR 1978 Public Service Philadelphia Atlantic City Electric and Electric Electric Gas ComEan;i::
ComEan;i::
ComEan;i::
(Th o u s a n d s of D o 1 1
$189 167
$176 925
$28 789 170 187 177 517 23 937 18 980 (592) 4 852 161 034 115 547 21 345 42 180 7 946 918 85 203 66 201 9 534 (46 498)
(39 128)
(6 749) 241 919 150 566 26 048
~260 899
$149 974
$30 900
- 42. 59%
- 42. 59%
7.41%
4 259 4 259 741 Delmarva Power & Light ComEan;i::
a r s)
$49 660 34 263 15 397 31 282 7 638 11 063 (12 984) 36 999
$52 396 7.41%
741 Total
$444 541 405 904 38 637 329 208 59 682 172 001 (105 359) 455 532
~9:29: 162 100%
$ 10 000 e I l I I
- 1.
~.
I*"
PUBLIC SERVICE ELECTRIC AND GAS COMPANY MONTHLY INTERNAL CASH FLOW STATEMENT FOR THE YEAR 1978 SALEM STATION CO-OWNER 1978 Estimated January February March April May June July August September October November December Total (T h o u s a n d s of D o 1 1 a r s)
Net Income
$21 014
$15 098
$ 16 051
$10 099
$11 076
$ 16 478
$20 091
$20 339
$ 12 422
$13 067
$12 417
$ 21 015
$189 167 Less Dividends Paid Retained in Business Adjustments:
Depreciation Amortization and Other Deferred Income Taxes and Investment Tax Credits Allowance for Funds Used During Construction Total Adjustments Internal Cash Flow 21 014 15 098 13 329 13 377 3 846 3 603 12 763 4 212 (3 985)
(4 180) 25 953 17 012
~46 967
~32 110
~
41 005 41 077 44 015 (24 954) 10 099 11 076 (24 599) 20 091 20 339 (31 593) 13 392 13 327 13 349 13 398 13 431 13 448 13 469 3 678 3 388 3 266 3 370 3 531 3 547 3 341 7 036 2 636 4 382 8 643 10 822 12 225 4 046 (4 349)
(3 089)
(3 204)
(3 350)
(3 540) ~) (3 948) 19 757 16 262 17 793 22 061 24 244 25 459 16 908
{5 197) ~26 361
~28 869
~ (2 538) i_44 335
~45 798 Hl4 685) 44 090 170 187 13 067 12 417 (23 075) 13 489 13 505 13 520 161 034 3 450 3 393 3 767 42 180 5 571 4 134 8 733 85 203 (4 152)
(4 345)
(4 595)
(46 498) 18 358 16 687 21 425 241 I
~31 425
~29 104
~ {! 650) ~260 899 As indicated on the summary slieet "Projected Internal Cash Flow Statement", the maximum contingent liability of Public Service Electric and Gas Company which amounts to $4,259,000 is fully covered by any combination of any three-month period as shown by this statement.
PUBLIC By~-4'--~=-....,-~=--"-=-~~~~~~~
Parker C, Peterman Vice President and Comptroller Date Mar ch 9, 19 78
January Februar:z:
Net Income ---------------------------
$16,521
$16,233 Dividends on Preferred Stock ---------
(10,173)
Dividends on Common Stock ------------
(17,478)
Retained Earnings --------------------
(957) 6,060 Adjustments:
Depreciation -----------------------
9,500 9,507 Amortization & Other ---------------
699 607 Deferred Income Taxes and Investment Tax Credits ----------------------
1,976 (201)
Allowance for Other Funds Used During Construction ----------------------
(2,901)
(2,969)
Total Adjustments ---------------
9,274 6,944 Internal Cash Flow -------------------
$ 8,317
$13,004 Philadelphia Electric Company System Internal Cash Flow Statement 1978
$1 000 Bud ret March April
~
June Jul:z:
August September
~
$13,480
$12,095
$10,727
$12,205
$15,630
$18,716
$16,939
$12,227 (10,166)
(11;228)
(5,000)
(28,601)
_i2_,_QQQ.). (28,742) c2,ooo)
(28,901) 8,,480 (16,506) 561 7,205 (13,112) 7,488 11,939 (16,674) 9,517 9,530 9,540 9,560 9,576 9,591 9,615 9,745 649 654 657 619 702 674 688 633 (316) 816 2,741 4,134 6,705 7,820 6,598 9,042 (3,041)
(3,116)
(3,172)
(3,232)
(3,300)
(3,365)
(3 444)
(3,511) 6,809 7,884 9,766 11,081 13,683 14,720 13,457 15,909
$15,289
$(8,622)
$10,327
$18,286 571
$22,208
$25,396 (76.zl Since the Company has sufficient cash flow to ensure that its respective premiums would be available for payment, it does not plan to curtail any capital expenditures.
November December Total..
$14,250
$17,902
$176,925 (11,228)
(42,795)
(16 1000)
(134,722) 3,022 1,902 (592) 9,817 10,049 115,547 665 699 7,946 e 12,135 14',751
..., 66,201 (3,513)
(3,564)
(39,128) 19,104 21,935 150,566
$22,126
$23,837*
$149,974
~
J.
.. ~!
Net Income Less Dividend's Paid Retained in Business Adjustments:
Depreciation Amortization and Other Deferred Income Taxes and Investment Tax Credits Allowance for Funds Used During Construction.
Total Adjustments Internal Cash Flow January February 930 698 4,347 1,435 (3,417)
{737) 1,764 1,764 120 219 794 795
~-------------------
ATLANTIC CITY ELECTRIC COMPANY MONTHLY INTERNAL CASH FLOW STATEMENT JANUARY - DECEMBER 1978 Estimated April
~ June July August September (T h o u s--a-Il d s of P o 1 1 a r s)
$1,954 $ 2,186
$1,501 $2,364
$3,486
$4,946
$5,014 4,466 1,571 4,479 1,571 l,_954 (2,280)
(70) 2,364 (993) 3,375 5,014 1,768 1,768 1,771 1,773 1,788 1,786 1,790 159 156 158 156 159 161 156 795 794 795 794 795 794 795
' $7,149
~
October November December e
$ 2,842
$1,364
$1,504
$28,789 4,496 1,512 23;937 (I,654)
(208) 1,504 4,852 1, 789' 1,792 1,792 21,345 158 155 161 1,918 795 795 793 9,534 (675)
~)
ATLANTIC CITY ELECTRIC COMPANY
"~~U7 E. D:HUig~ d v. -
Vice President-cont::
.I
-A--
..... ~
/,
DELMARVA POWER & LIGHT COMPANY MONTHLY INTERNAL CASH FLOW STATEMENT JANUARY - DECEMBER1 1978 Estimated January February March April
~
June July August September October November December Total (Thousands of Dollars)
Net Income
$ 4,370
$ 4,358
$ 3,807
$ 3,257
$ 2,884
$ 3, 773
$ 4,814
$ 5,384
$ 5,341
$ 3,218
$ 4, 105
$ 4,349
$ 49,660 Less Dividends Paid
~
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~ ~
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34,263 Retained in Business
~
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___hill Jl..ill)
_hfil 3,524
_.ill.
~
_hill J.!.._Q.l.Q)
__hQg 15,397 Adjustments:
2,643 Depreciation 2,530 2,572 2,563 2,570 2,575 2,582 2,628 2,633 2,644 2,664 2,678 31,282 9 Amortization and Other (1, 796)
(2,769) 1,539 6,229 4,491 878 (3,044)
(2,148) 1,014 998 868 1, 378 7,638 Deferred Income Taxes and Investment Tax Credit 1, 712 1,687 599
( 542)
(530) 638 1,990 2,238 1, 694 117 726 734 11,063 Allowance for Funds Used During Construction
~) ~) 1!.t.Q.Q2) _(2&..V ihQ!l)
~) (1,076) J.!....ill) 1!....ill>
.. th!2D
~).t!....lll>
{12,984)
Total Adjustments
__hill
__ill_
-2.tfil ~
51524 3,039
_ill
-1..t.§Q.Q_
..lb1ll
_hill
-1....Q!Q
~
36,999 Internal Cash Flow
$ 4,650 (242)
$ 5,687
$ 9,267
$ 3,267
$ 4,683
$ 41022
$ 1,826
$ 7,231
$ 4,485
$~ $ 5,580
$ 52,396 As indicated on the summary sheet "Projected Internal Cash Flow Statement", the maximum contingent liability of Delmarva Power & Light Company which amounts to $
741 is fully covered by any combination of any three-month period as shown by this statement.
DELMARV~..L COMPANY By 4..
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