ML19254D727

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L Gittleman Affidavit,Correcting Typographical Error in Testimony Re Util Net Income for CY78.Net Income Changed from $26.1 Million to $36.4 Million
ML19254D727
Person / Time
Site: Skagit
Issue date: 09/21/1979
From: Gittleman L
PUGET SOUND POWER & LIGHT CO.
To:
Shared Package
ML19254D726 List:
References
NUDOCS 7910290426
Download: ML19254D727 (2)


Text

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  • ': ~ 9/21/79 UNITED STATES OF AMERICA NUCLEAR REGULATORY COMMISSION BEFORE THE ATOMIC SAFETY AND LICENSING BOARD In the Matter of )

)

PUGET SOUND POWER & LIGHT COMPANY, ) Docket Nos. STN 50-522 .

ET AL. ) STN 50-523

)

(Skagit Nuclear Power Project, )

Units 1 and 2) )

AFFIDAVIT OF LOUIS GITTLEMAN - CORRECTING TESTIMONY STATE OF MARYLAND ) SS CCUNTY OF MONTGOMERY )

I, Louis Gittleman, being duly sworn, depose and state:

I prepared " Supplemental Testimony of Louis Gittleman Regarding Financial Quali-fications" dated August 14, 1979, which was received into evidence in this pro-ceeding (Tr. 14, 625). On page 4 of that testimony, I constructed a chart which sets forth,the financial data for the Applicants in this proceeding for the year ending December '31,1978 which includes, among other factors, the net income of the utilities.

I have determined that the figure given on that chart for the net income of Puget Sound Power & Light Co., $26.1 Million, is incorrect. Due to a typo-graphical error that I did not detect at the time of the hearing, the correct figure of $36.4 Million is not reflected in the chart. The purpose of this affidavit is to correct the error, and to change the net income for Puget Sound Power & Light Co. to $36.4 Million. '

As I indicated, the incorrect figure was merely a typographical error in pre-paring the chart, and was not used in calculating the other figures on the chart.

Accordingly, the return on common equity, pre-tax coverage of long-term interest

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2-charges, etc. are correctly indicated on the chart, and my conclusion regarding the ability of the Applicants to obtain 6 necessary funds to design and con-struct the Skagit facility is unchanged.

I hereby certify that the information in this affidavit is true and correct to the best of my knowledge.

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Louis Gittleman Subscribed and sworn to before me this <2/ Aday of September,1979

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