ML19264B570
| ML19264B570 | |
| Person / Time | |
|---|---|
| Site: | Yankee Rowe |
| Issue date: | 03/28/1962 |
| From: | YANKEE ATOMIC ELECTRIC CO. |
| To: | |
| Shared Package | |
| ML19264B569 | List: |
| References | |
| NUDOCS 8011180397 | |
| Download: ML19264B570 (5) | |
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b u l ! 18 - 39
YANKEE ATOMIC ELECTRIC COMPANY Y
441 STUART STREET, BOSTON 16, MASSACHUSETTS March 28,1962 Seary of the Amount and Type of Financial Protection in Effect at December 31, 1961 Pursuant to Section 170 of the Atomic Enercy Act As of December 31, 1961, Yankee maintained financial protection in the anount of $60,000,000 under the following policies issued by the Nuclear Energy Liability Insurance Association and the Mutuel Atonic Energy Liabnity Underwriters: NELIA Policy NF70 and MAELU Po'_ icy MF-26. Copies of the foregoing policies and endorsements to date have been filed with the Co=d.ssion.
TAhTEE ATOMIC ELECTRIC COMPA12
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Tre irer
YANKEE ATOMIC ELECTRIC COMPANY Balance Sheet-Year Ended December 31, 1961 Assets ahd Other Debits Liabilities and Other Credits Utility plant:
Proprietary capital:
Electric plant in service
$ 39,3h2,652 Common stock issued 200,000 shares par value $100 por share
$ 20,000,000 (6h,998)
Inss accumulated provision for Capital stock expense depreciation and amortization 98h,897 Earned surplus
_3$h,ho$
Total proprietary capital
$ 20,209,607 Net utility plant 38,357,75$
Long-term debt:
Bonds-First mortgage sinking fund bonds, Series A 5%, due January 1,1982 15,330,000 Other-Notes payable to bank, h 3/h% due not later than January 1, 1968 13,031,000 Total long,.trm debt 26,361,000 Current and accrued assets:
Current and accrued liabilities:
Cash 698,280 Accounts payable
$2,1hh Working funds
$,877 Taxes accrued 33,33 Temporary cash investments
$,989,893 Tax collections payable 11,$95 Accounts receivable 95$,190 Miscellaneous Materials and supplies h,1hl,$63 Accrued uranium burnup and processing losses 867,223 Prepayments 252,$80 Other 15,813 Total current and accrued assets 12,0hJ,36J Total current and accrued liabilities 979,916 Deferred debits:
Deferred credits:
Unamortized debt expense 3h9,1h9 Accrued shipping and reprocessing costs of nuclear materials 768,562 Accumulated deferred income taxes:
Liberalized depreciation 351,h00 Total assets and other debits
$ $0,750,287 Total liabilities and other credits
$ $0,750,28/
Note: Construction completed and commercial operation commenced on July 1,1961.
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YANKEE ATOMIC ELECTPlC COMPANY Statement of Income and Earned Surplus Year Ended December 31, 1961 Utility operating income:
Operating revenues
$ b,923,906 Operating expenses:
Operation expense 2,3h3,250 Ma$ntenance expense 93,889 Depreciation expense 970,h33 Amortization of other electric plcnt 1h,h65 Taxes other than income taxes 120,375 Provision for deferred income taxes 351,h00 Total operating expenses
_ 3,893,812 Total utility operating income 1,030,09h Other income:
Interest income (net) 28,678 Total income 1,058,772 Miscellaneous income deductions:
Miscellaneous amortization 3,L21 Other income deductions 387 Total income deductions 3,808 Income before interest charges 1,05b,96h Interest charges:
Interest on long-term debt 6S6,270 Amertization of debt expense Ih,289 Total interest charges 700,559 Net Inco=e 35h,h05 Earned surplus Bale.nce beginning of period Balance T.ransferred from income 35h,h05 Ealance end of period 35h,h05 Note: For the period from commencement of commercial cperation on July 1,1961.
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