ML19282C191

Forwards Financial Info,Per Paragraph 50.71(b) of 10CFR50. Provides Statement of Assets & Capital, & Statement of Net Cost of Operations & Deficit for 1978

ML19282C191
Person / Time
Site:	Saxton File:GPU Nuclear icon.png
Issue date:	03/12/1979
From:	Cindy Montgomery GENERAL PUBLIC UTILITIES CORP.
To:	Grimes B Office of Nuclear Reactor Regulation
References
SNEC-78, NUDOCS 7903210183
Download: ML19282C191 (3)

Text

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[/A Docket No. 50-146

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[ License DPR-4 Mr. Bria'n K. Grimes Assistant Director for Engineering and Projects Of f_i' c e of Nuclear Reactor Regulation United States Nuclear Regulatory Commission Washington, D. C. 20545 l

Dear Mr. Grimes:

Pursuant to Paragraph 50.71(b) of 10 CFR Part 50, the Saxton Nuclear Experimental Corporation herewith submits ten (10) copies of its financial statement for the year ended December 31, 1978.

Very truly yours, g

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C. R. Montgomery President CRM/brh Enclosures CC:B. W. Churchill f

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790321016 b

SAXTON NUCLEAR EXPERIMENTAL CORPORATION Statement of Assets and Capital December 31, 1978 ASSETS:

Construction work in progress:

Westinghouse contract $ 6,250,000 Other costs 714,089

$ 6,964,089 Retirement Work in Progress 228,312 Cash 62,671 Total Assets $ 7,255,072 CAPITAL:

Contributed capital:

Common stock, $1 par value, authorized and outstanding 20,000 shares $ 20,000 Contributions from shareholders 9,972,731 9,992,731 Deficit 2,737,659 Total Capital $ 7,255,072

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SAXTON NUCLEAR EXPERIMENTAL CORPORATION Statement of Net Cost of Operations and Deficit for the Year Ended December 31, 1978 Revenue from Sale of Steam $ Nuclear Production Expenses:

Operation Maintenance Total Production Expenses Administrative and General Expenses Net Cost of Operations Defisit, beginning of Year $ 2,737,659 Deficit, End of Year $ 2,737,659