ML19261D518
| ML19261D518 | |
| Person / Time | |
|---|---|
| Site: | Haddam Neck File:Connecticut Yankee Atomic Power Co icon.png |
| Issue date: | 06/15/1979 |
| From: | Oconnor L CONNECTICUT YANKEE ATOMIC POWER CO. |
| To: | Dinitz I, Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 7906190396 | |
| Download: ML19261D518 (4) | |
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CONNECTICUT YANKEE ATOMIC POWER COMPANY BERLIN. CO N N E CTIC U T P o mox aTo M ARTFORD. CONNECTICUT 04101
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June 15,1979 Mr. Jerome Saltzman, Chief Antitrust & Indemnity Group Office of Nuclear Reactor Regulation Nuclear Regulatory Commission TVa shington, D. C. 2055 5 Attention Mr. Ira Dinitz, Indemnity Specialist Gentlemen:
Re Docket No. 50-213 With respect to the above referenced docket, we are providing herewith the estimated 1979 cash flows for Connecticut Yankee Atomic Power Company and its sponsor companies. I believe that the cash flows of the Company and its sponsor companies together are adequate to meet this Company's potential retrospective premium requirements under the 1975 amendments to the Price Anderson Act.
If you have any questions on the enclosed materials, do not hesitate to contact me.
s Very truly yours,
/
Leonard A. O'Connor Treasurer LAO:aa Enclo sures 2309 092 79061903%
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s CONNECTICUT YANKEE ATOMIC POWER COMPANY CASil FLOW 1979 (In Thousands)
Quarter Ended Furch 31 June 30 September 30 December 31 TOTAL Internal Funds Net Income
$ 1,836
$ 1,902
$ 1,949
$ 2,025
$ 7,712 Depreciation 1,564 1,565 1,564 1,564 6,257 Fuel Amortization 2,061 4,332 4,376 4,375 15,144 Tax Accruals 1,908 1,965 2,001 2,083 7,957 Dividends (700)
(700)
(700)
(700)
(2,800)
Tax Payments (1,184)
(1,011)
(1,102)
(643)
(3,940)
Pro-Forma Cost Assessment under Power Contract for Retrospective Premium Payable within 60 days by Customer-Stockholder (See Schedule A) 10,000 10,000 10,000 10,000 40,000 Total Pro-Forma Internal Cash Flow 15,485 18,053 18,088 18,704 70,330 Other Sources - Net (664) 378 (293)
.368 (211)
External Financing - Net (1,500) 3,200 6,400 800 8,900 Total Funds From All Sources
$13,321
$21,631
$24,195
$19,872 g79,019 Cash Requirements Construction Expenditures
$ 2,850
$ 1,600
$ 1,472
$ 1,484
$ 7,406 Nuclear Fuel Purchases 9,560 12,252 7,542 29,354 IN)
Debt Maturities 471 471 471 846 2,259 l>4 Pro-Forma Retrospective Premium 10,000 10,000 10,000 10,000 40,000 C
Total Cash Requirements
$13.321
$21,631
$24,195
$19,872
$79,019 O
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I hereby certify that I am Treasurer of Connecticut Yankee Atomic Power Company and this (ja statement fairly represents the estimated Cash Flow of this Company for the year ended December 31, 1979.
b-Q w /
L' Leonard A. O'Connor Treasurer
Schedule A Page 1 of 2 CONNECTICUT YANKEE ATOMIC POWER COMPANY Cash Flow - Stockholders 1979 (In Thousands.)
New Conn.
Central Hartford Western England Light &
Boston Maine Electric Mass.
Power Power Edison Power Light Electric Co.
Co.
Co.
Co.
Co.
Co.
Internal Funds Net Income
$ 53,000
$ 51,542
$ 55,670
$ 31,100
$ 30,620
$ 12,381 Depreciation 28,000 52,324 59,993 20,100 27,315 14,706 Deferred Income Taxes &
Investment Tax Credits - Net 16,000 (1,139) 32,177 9,600 220 7,483 Allowance for Funds Used During Construction (23,000)
(18,843)
(24,621)
(5,600)
(10,135)
(6,88'6)
Dividends (49,000)
(47,957)
(46,702)
(22,800)
(32,632)
(15,339)
Total Internal Cash Flow 25.000 35,927 76,517 32,400 15,388 12,345 Other Sources - Het (1,000) 80,950 1,877 11,795 5,044 External Financing - Net 57,000 (10,072) 80,860 23,700 31,546 24,231 I\\) Total Funds From All Sources
$ 81,000
$106,805
$159,254
$ 56,100
$ 58,729
$41,620 U
CD sg) Gross Property Additions
$ 81,000
$106,805
$159,254
$ 56,100
$ 58,729
$41,620 f
Percentage Ownership In Nuclear Opcarting Plants
'15.0 25.0 9.5 6.0 9.5 9.5 Connecticut Yankee Other Operating Nuclear Plants 70.0 135.0 109.5 51.5 73.0 50.5 Total Percentage ownership 85.0 160.0 119.0 57.5 82.5 60.0 Maximum Premium Assessment S 8,500 $16,000
$ 11,900
$ 5,750
$ 8,250
$ 6,000
Schedule A Page 2 of 2 CONNECTICUT YANKEE ATOMIC POWER COMPANY Cash Flow - Stockholders 1979 (In 1housands)
Public Central Service Cambridge Vermont Co. of Montaup United Electric Public New Electric Illuminating Light Service llampsh ire Co.
Company Co.
Corp.
Total Internal Funds Net Income
$ 42,886
$10,400
$ 31,652
$ 1,758
$11,717
$ 332,726 Depreciation & Amortization 15,697 4,700 15,252 1,929 3,393 243,409 Deferred Income Taxes &
Investment Tax Credits - Net 18,694 2,800 1,885 773 88,493 Allowance for Funds Used During Construction (32,016)
(7,400)
(14,969)
(67)
(1,819)
(145,356)
Dividends (33,737)
(6,900)
(21,509)
(1,758)
(6,550)
(284,884)
Total Internal Cash Flow 11,524 3,600 12,311 2,635 6,741 234,388 other Sources - Net (4,774)
(8,338) 623 (3,455) 82,722 External Financing - Net 219,963 33,000 76,879 1,100 11,453 549,660 Total Funds From All Sources
$226,713
$36,600
$ 80,852
$ 4,358
$14,739
$ 866,770 ps) Cross Property Additions
$226,713
$36,600
$ 80,852
$ 4,358
$14,739
$ 866,770 V4 Percentage Ownership in Nuclear Operating Plants Connecticut Yankee 5.0 4.5 9.5 4.5 2.0 100.0 Other Operating Nuclear Plants 16.0 11.0 8.5 40.5 559.8
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LJ1 Total Percentage Ownership 21.0 15.5 9.5 13.0 42.5 659.8 Maximum Premium Assessment
$ 2,100
$ 1,550 950
$ 1,300
$ 4,250
$ 65,980
.