ML19220B929
| ML19220B929 | |
| Person / Time | |
|---|---|
| Site: | Crane  |
| Issue date: | 06/24/1976 |
| From: | Petersen J Office of Nuclear Reactor Regulation |
| To: | Vassallo D Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 7904270670 | |
| Download: ML19220B929 (6) | |
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FIN Reading File Subject File IlJSkovholt, PM:AEQA0 Docket.N.o 20-320 ABfelt::, PM:QA0/ FIN JCPetersen, FM:QAC/ FIN D. B. Vassallo, Chief, Light Water Reactors Branch No. 4, FU
'IFRU:
D. J. Skovholt, Assistant Director for Quality Assurance and Operaticas, Bf 3'ETRCFCLITXI EDISQl CMPANT, ET AL: 'IEREE MILE ISIED, triIT T. 2 We have reviewed the CL applicaticn for the subject facility and have determined that the enclosed list of additional financial infor-nation is needed from the applicants. he will provide an analysis for the final SER Supplement regarding their financial qualifications to operate the facility and to per=anently shut it down and maintain it in a safe conditien, should that becca necessarf. The applicants should be advised to submit their co=plete respenses to us six weeks prior to the date that our p will be required for the Supplecent.
This is to ensure both that we have the = cst current financial infer-maticn from the applicants and that adequate tim is allcwed for the preparaticn of our analysis.
o9 a.M.L Jim C. Petersen, Financial Analyst Office of the Assistant Director for Quality Assurance and Operations Divisicn of Project Manage:nent
Enclosure:
Request for Additional Financial Infor=ation 7904270610 cc. v/ enclosure H. Silver M. Service Ef: 30/F _ O PM:QA0/ FIN FM:)f)Qdo QA-d
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a REQUEST FCR ADDITICNAL FINANCIAI. INFCK'.'ATICN
'IEREE MILE ISLAND UNIT NO. 2 DOCKEI' NO. 50-320 1.
Indicate the estimated annual costs by year to operate the subj ect facility for the first five full years of commercial operation. The types of costs included in the estimate shculd be indicated and should include (but not necessarily li-ited to) cperation and main-tenance expenses with fuel costs shcun separately, depreciaticn, taxes, and required retum cn investment.
(Enclosed is a fo m which should be used for each year of the five-year period.)
Indicate the projected plant capacity factor for each year.
Indicate if the participant companies expect to be able to sell pcwer pmduced by the subject facility at rates which will cover all costs of production plus reasonable retum cn investment.
Indicate the unit price per KhH experienced en each participant's system-wide sales of electric pcher to all custcmers for the most recent 12-=cnth period.
2.
Indicate the percentage entitlement of each participant in the elec-trical capacity and cutput of the plant.
3.
Provide copies of the operating agreement (centract) among the parti-cipants. Explain the procedure to be used by Metropolitan Edisen for billing Jersey Central and Pennsylvania Electric for their pro-rata shares of all cperating and maintenance costs.
Is each participant required to centricute its pro-rata share of all cperating expenses regardless of the level of power availability from the unit, and to provide its share of expenses for pemanent shutdcwn of the unit and maintenance in a safe ccndition, shculd that beccme necessary? Refer-ence pertinent provisiens of the cperating agreement or other agreement between the parties which affina this requirement.
4.
Indicate the estimated costs of permanently shutting dchn the facility, a listing of what is included in such costs, the assu ptions made in estimating the costs, the type of shutdown contemplated, and the scurce of funds to cover these costs.
5.
Provide an estimate of the annual cost to maintain the shutdown facility in a sale ccnditicn.
Indicate what is included in the estimate, asst =p-tiens made in estimating the costs, and the source of funds to ccver these costs.
6.
Provide the fo11ching from each participant ccgany:
a.
Copies of the 19761st quarter (and 2nd and 3rd quarters, when available) inccme and retained earnings statements and balanca 84-065 i
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< sheet.
Provide the same statements for the most recent 12-month period. Also, provide copies of similar statements for the corres-pending periods ended in the previcus year.
b.
Ccpies of the prospectus for the most recent security issue and copies of the most recent SEC Fom 10-K.
Provide copies of the preliminary prospectus for any pending security issue. Submit copies of the Annual Report to Stockholders each year as required by 10 CFR 50.71(b).
c.
Describe the nature and amount of the cc=any's most recent rate relief action (s) and its anticipated effect en camings.
Provide copies of the rate order and opinica.
In additicn, indicate the nature and a cunt of any pending rate relief action (s). Use the attached fom to provide this infomation. Pmvide ccpies of the submitted, financially-related testincny of the staff and company in the most recent rate relief action or pending rate relief acticn.
d.
Complete the enclosed fom entitled, " Financial Statistics," for the most recent 12-month pericd and for the years ended December 31, 1975 and December 31, 1974.
7.
Provide the infomaticn requested in items 6.a., 6.b., and 6.d., above, also for General Public Utilities Corporaticn.84-06G
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ATTACBENT FCR ITDI NO.1 ESTIMATED A C.TAL COST OF OPERATING :iTCLEAR CE:'E?aTING UNIT:
FOR TiiE CALE:CAF. YEAP.19 (thousands of dellars)
Operatien and maintenance excenses
-Nuclear ocuar generation Nuclear fuel expense (plant factor
%)...............
Other operating expenses...................................
Ma in t e nan c e exp e n s e s.......................................
Total nuclear power generation.................
Transmission expenses........................................
Administrative and eeneral extenses Property and liability insurance...........................
O t h e r A. & C. e xp e n s e s.......................................
Total A.6C.
expenses..................................
TOTAL O&M EXPE55ES....................................
Depreciatica expense...........................................
Taxes other than income taxes Property taxes...............................................
0ther........................................................
Total taxes other than income taxes...................
Income taxes - Federal.........................................
Inco=e taxes - other...........................................
Deferred inec=e taxes -
net....................................
Investment tax credit adjustments - net........................
Return (rate of return:
%)............................
TOTAL A:2.TAL COST OF OPE?aTION 84-067
XITAGSDT FCR ITE! NO. 6.c.
RATE DEVELOPMENTS Electric Gas Steam Granted Annual amount - test year basis (000's)
Percent increase Effective date Rate of return on rate base authorized Rate of return on common ecuity authorized Revenue Effect (000's)
Amcunt received in year granted Amount received in subsecuent yea.--
Pendinc Recuests Amount (CCO's)
Percent increase Date filed Date by which decision must be issued Rate of return on rate base recuested Rate of return on commen equity requested a
84-068
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ATTAC':tE?iT FOR ITDt 6.d.
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FINANCIAL STATISTIva 12 months' ended 1975 1974 (collars in millions)
Earnings available to ccamon equity Average cc=non equity Rate of return en average ccmmon equity Times ;otal interest earned before FIT:
Gross income (incl. AFDC) + current and deferred FIT + total interest charges +
amortization of debt discount and expense Times long-term interest earned befcre FIT:
Gross inccme (incl. AFDC) + current and deferred FIT + icng-term interest charges
+ amortization of debt discount and expense Bond ratings (end of pcriod)
Standard and Poor's Moody's T.imes interest and preferred dividends earned after FIT:
Gross inccme (incl. AFDC) - total interest charges + amortization of debt discount and expense + preferred dividends i
AFUDC Net inccme after preferred dividends Market price of ccmmon Book value of ccamon Market-book ratio (end of period)*
Earnings avail. for ccamon less AFDC +
depreciation and amortization, ceferred taxes, and invest. tax credit adjust.-
deferred Common dividends Ratio Short-term debt Bank loans Ccmmercial paper Capitalization (Arcunt & Percent) long-term debt Preferred stock Ccanon equity f3zi- 069
- If subsidiary company, use parent's data.
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