ML19256E038
| ML19256E038 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 09/25/1979 |
| From: | Rubenstein L Office of Nuclear Reactor Regulation |
| To: | Tallman W PUBLIC SERVICE CO. OF NEW HAMPSHIRE |
| References | |
| NUDOCS 7910250337 | |
| Download: ML19256E038 (8) | |
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UNITED STATES y ) -) m ; i NUCLEAR REGULATORY COMMISSION
,.g C/ y j WASHING TON. D. C. 20555
%, 6 SEP 2 51979 Docket Nc;.:
50-443 and 50-444 Mr. W. C. Tallman, President Public Service Company of New Hampshire 1000 Elm Street Manchester, New Hampshire 03105 Uear Mr. Tallman:
SUBJECT:
GUTSTANDING ITEMS - REQUESTS FOR ADDITIONAL FINANCIAL INFORMATION DATED MAY 23, 1979 AND JULY 17, 1979 This is to confirm telephone conversations of August 31, 1979 and September 11, 1979 between Mr. Robert Harrison of your staff and Mr. Michael Karlowicz t.qd Mr. Jim Petersen 7f our Financial Analysis Staff.
The purpose of those conver-sations was to enumerate responses to our subject requestr that are either in-complete or that need clarification. The enclosure is a 1isting of the out-standin9 items discussed.
They are identified in ti e enclosure using the same numbering system as was used in our request of May 23, 1979.
It is noted that subsequent to September 11, 1979, we received all of the outstanding items listed on the enclosure for Public Service Company of New Hampshire except for a portion of item 6, copies of the final prospectus for the company's currently proposed bond sale.
Please inform us within fifteen days of the date of this letter as to when we will receive the balance of the informaticn listed in the enclosure.
Sincerely, LL L. Ru e stein, Acting Chief Light Water Reactors Branco No. 4 Division of Project Management
Enclosure:
Request for Additional Financial Information
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cc: See next page 7910250 S3 7
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Public Service Company of Mw Hampshire ccs:
John A. Ri tscher, Esq.
Ropes and Gray 225 Franklin Street Boston, Massachusetts 02110 Ral ph H. Wood, Esq.
General Counsel Public Service Company of New Hampshire 1000 Elm Street Manchester, New Hampshire 03105 Mr. John Haseltine, Project Manager Yankee Atomic Electric Company 20 Turnpike Road Westboro, Massachusetts 01581 Nr. Bruce B. Eeckley, Project Manager Public Service Company of New Hampshire 1000 Elm Street Manches: er, New Hampshire 03105 Ms. Elizabeth H. Weinhold 3 Godfrey Avenue Hampton, New Hampshire 03842 Robert A. Bec.kus, Esq.
O 'Neill, Ba.kus, and Spielman 116 Lowll Street Manc,hester, New Hampshire 03105 Norman Ross, Esq.
30 Francis Street Brookline, Massachusetts 02146 Karin P. Sheldon, Esq.
Sheldon, harmon, Roisman & Weiss 1725 I Street, N. W.
Washington, D. C. 20006 Laurie Burt, Esq.
Office of the Assistant Attceney General Environmental Protection Division One Ashburton P1 ace Boston, Massachusetts 02108
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Public Service Company of New Hampshire ces (continued)
E. Tupper Kinder, Esq.
Assistant Attorney General Office of Attorney Laneral 208 State House Annex Concord, New Hampshire 03301 3amuel Chilk Secretary of the Conmission U.S. Nuclear Regulatory Conmission Washington, D. C. 20555 Alan S. Rosenthal, Esq.
Atomic Safety and Licensing Appeal Board U.S. Nuclear Regulatory Conmission Washington, D. C. 20555 Dr. John J. Bl ck Atomic Safety and Licensing Appa31 Board U.S. Nuclear Regulatory Conmission Washington, D. C. 20555 Michael C. Farra., Esq.
Atomic Safety and Licensing Appeal Board, U.S. Nuclear Regulatory Conmission Washington, D. C. 20555 Ivan W. Smith, Esq.
Atomic Safety and Licensing Board U.S. Nuclear Regulatory Conmissinn Washington, D. C. 20555 Dr. Ernest Salo, Professor Fi;heries Research Institute - WH-10 College of Fisheries University of Washington Seattle, Washington 98195
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REQUEST FOR ADDITIONAL FINANCIAL INFORMATION PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE (Note: References in this request are to item numbers in our request for additional financial information, dated May 23,1979.)
1.
(2.,7.e.)
Provide a status report on the proposed nuclear fuel leasing arrangeme t including the net cash flow effect to Public Service Company of New Hampshire (PSCO).
2.
(4.a.) Explain the effect of the negative cash flow projected for the years 1979, !981 and 1982.
3.
Indicate the amount of the increased short-term debt limit and state any extensioc of its current expiration date. Provide copies of the relevant New Hampshire Public Utilities Comnission (NHPUC) order (s) authorizing said increases.
4.
Provide copies of the recent NHPUC order resulting from the investigatory proceeding on the treatment and effect of New Hampshire Statute RSA 378:
30a.
5.
(4.a.) Provide a revised copy of attachment to Item No. 8, "PSNH Additional Cash Requirements for Buying Entities...," stating cumulative amounts attributable to both 1979 and previous construction.
6.
Provide copies of the preli.... nary and the final prospectuses for the com-pany's currently proposed bond sale.
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UNITED ILLUMINATING COMPANY 1.
(4.a.) Provide a revision or justification of the following assumptions underlying +5e pro-forna statement of sources and uses of funds:
A.
UI's 10 percent proje-ted ownership in Seabrook. Assumed ownership interest for this purpose should conform to applicant's most recent filing with the NRC (16.43531 percent).
B.
Intemst rates on short-term borrowings. A significant drop is assuned after 1979.
Explain deviations from current market conditions.
Explain the impact on the financing plan should current interest rates prevail during the early years of the plan.
C.
Interest rates on long-term debt. Assumption is significantly below present market conditions.
Explain deviations from present market condi tions.
Explain the. impact on the financing plan should current interest rates prevail during the early years of the plan.
2.
(4.d.) Provide statement of present amount of short-term debt outstanding.
Indicate the maximum allowed limit on short-term debt that is presently available to the company.
3.
(4 ".)
Provide copies of the submitted financially-related testimony and exhibits of the PUC staff and company in the most recent rate relief action or pending rate relief request.
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4 NEW ENGLAND POWER COMPANY 1.
(4.a.) Revision or justification of the following assumptions underlying the pro-forma statement of sources and uses of funds:
A.
Rate of return on :cmon equity. Assumption is substantially above current earnings.
Explain deviation from currently realized and allowed levels.
Explain the impact on the financing plan should current rates of return prevail during the early years of the plan.
B.
Interest rates on short-tern debt. A significant drop is assumed after 1979.
Explain daviation from current market conditions.
Ex-plain the impact on the financing plan should current interest rates prevail during the early years of the plan.
C.
Interest rates on long-tenn debt. Assumption is significantly below current market conditions.
Explain deviation from current market conditions.
Explain the impact on the financing plan should current interest rates prevail during the early years of the plan.
D.
Dividend yield rate on preferred stock. Assumption is significantly below current market conditions.
Explain deviation from current market conditions.
Explain the impact on the financing plan should current preferred dividend yields prevail during the early years of the plan.
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GREEN MOUNTAIN p0WER CORPORATION 1.
(4.a.) Document revised projected long-term debt interest coverage ratios with a supporting statement disclosing their computation in relation to the net earnings tests as required to be utilized for indenture purposes.
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TAUNTON MUNICIPAL LIGHTING PLANT COMMISSION 1-(5.e.) Provide copies of the most recent interim financial statements.
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