ML19290F000
| ML19290F000 | |
| Person / Time | |
|---|---|
| Site: | Limerick  |
| Issue date: | 03/10/1980 |
| From: | Seidts M AFFILIATION NOT ASSIGNED |
| To: | Ballard R Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8003170433 | |
| Download: ML19290F000 (4) | |
Text
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March 10, 19PO Ronald L.
Dallard Chief Environmental Projects
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hit the 'I w ehe Months Ended Os toher 31 Comm.m vmL carnino for the twche numshs i
k' (ihuanandsof Dollarsi ended October 31.19N mere 115I millum up proshin csidence that PI:is a well managed
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onopany. I he report e as prewnied to the PUC aan deprnwd twcause the Salen No. I nuclear (tInau hted)
Il pcreent frum the prna.us scar ut ich was
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en and the Coinpany late m Nosember.
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""" ".M an insrease of $ percent above Wlwn the rniew procew is completed a sum-mary of the audar s report of PE's strengths and
' ' i im irs hu rcee.ir were M dwream wcomphshments as actl as the opportunities the sanw perud m IG desyne e penent nu2re for sniprmement willbe o mmunicated to l
g aan,,
emig %ine "i"*""8H" e.. stm o nj u.44urat e 4ns average shares ouhtanshng.
Resenue for the pern>d amo anted to $1.$13 e
sharttwikkrs.
s l'
,,,ssissu'"
"Ithm.
"'h s 1-e.
oiw anan t.spemes..
t.*ca ow 11nre iwo
- million, an hiercase of 5 perecnt as a enuti of
,,,,,,,sissa
,,, ana,, " men ONE IN SIX PE Sil AllEllOLDERS o er.nauw=
2m 2 m.m m
higher einine and gas rates t ot al kikm ait-HEINVESTED 3HD QUARTER l
,,,. samma ene, "'enn Q v
h u" $ohha'k*'ed 3 *"'a' d' * "'"h "I 1
1.fgher usage b) our large ce mnwrcial and
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- enn, assiss8'" einen ' Ele'e enig o,s,., i,,,,,,, -
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.m DlVIDEND
,,,,,,apsen g et'Et industrial customen. Gas ules int reawd due One m su PE sharchohkn now reinvesh i
Reimestment and Shwk Punhaw Plan. Over
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~ Stan egg, 3
y to the asa'ilabihty of gas for interrupt ble comnum stoth dmdends ihnsugh the Dnidend hueress oiarges tm iN 19t 4n y issuiM 4Humeaumen %
customen.
Operahng e penws men RM nuun.n. an
.htIH sharehohkn remented their 3rd quarter M 1* **< -
IN 8' "<a
,n Jo hknd. I i aihheion. 3.5(U shareholders used i,
4 Nessi""
% s' Ele emun unTease of 5 penent mer tast > car pumanh A,,gginseigh amme mE' 'But Enun due to higher gas fuct cosh. Increawd wagn i
Ibudea h a*
the cashPun hase option-M*suh um en 3
and hi@cr depreciatiosi-i or the hrs. nuw nuwiths of l@. ricarly 1.3 O
-.-((,- Le Net income ameuntea to si9s n ihon. 9 p<nent mdine shares arte acquired through the Plan.
se e-u,,,,,,,,
a.
.s iyi m s t w user the same penod last sc ar.
A nd 35 percent of these sharn mere cash a
purchaws.
m
- []'{'ya gggg gggg[pgg if you are not already reinvesterig your common 4
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,w nw.
m ggg C
and preferrea dnhknih or mish to make a ggg g.m y For the second omwtutne Scar. the Compaav
' ]3 cash purcha c. pleaw requni an enrollment I unnoin IVr
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hosted ih highly sunenhil wrws of f ail applisation from Morton W. Renwrmasi.
h Ii th Regional Sharehohlers Iniormation Meenna pg I'reasurer. Philadelphia i lectnc Company, d
n n 2301 Maikct Street. P.O. Ilou M699 hespang diuminate the papal sises to phda.lelphia in early Philadciphia. PA l9101.
October. lhe hghts.,mhkh remained lit untinuousiv f n all. spprounutch 750 sharehoMers atsended W W MH 5 the muungs held, rnperancis,on September 25 NEW STYLE DIVIDEND CilECK NI't,2 6,"'ai M*n'is",[nI((4N?nd'"""'
3 t
I h uw im*Ha*
We hope you noticed the new appearance of
- '"'"*'s 2 tap An Mop ban Q Wund On October 22. the lioard of threctors de-
^1 he audwnce heard pn wntat um on toghal Mu_
your dnidend (heck.
dared a dishkr.J of 45 cents a share on the a;4%ni.
l he new sevie is more readable, and the chnk ceninw>n shxk for the fourth uarter of 1979
.uk leco.
62.un7 61.i =>?
iw and timely subseth sush as malear power.the will aim enable more timely pnwesdng of p~yable December 21 to iarchohlers of af termas h of I MI. nat ural gas supply. and b_ch fmancing and rate.
sharcholder requnts for address thangn and record November 14.
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til W Pau Prnhkut and Chief F wcuine Olhcer. E I ee replacement of hat chc(ks. And. 3tmr Company Dn Mends on the prekrud shwh u cre
- di reduce total expenses by uung a completely declared pasable I cbruar) 1.19MO at the Estnu, predded os et quonon and answer gd '
aulomated check reconcihatmn process. Sescral
. w,,,,,.,n,, #, %,a,m oo. #,,,,,,, m
- wwhm, sharchulder suggntions mere ino>rpos ated in g[(8 y slunhohlen of recorJ p
ti, ne. %n.
b
5 5.barehohters ahn had the oppirtu nrv to further dm nw itemselinternt uith ofbre s of the y
sterathm of mnlear plants in 14 ras It vono.mit, TilitijE NI:W C05 tall %IONI'RS mpa tmg informal receptums foHowing in een nen openence m the inihnin related I NIII E b On Apnl 11.lC9. Prninent Carter iswed an to sah mommn aU ope ahons at our mu kar f securise Order ercahne the Prnidenti planh. roiews all changes in cqmpment amt
(% f%acmher I f. the Pennwb ania 51see Senaec Commamim im the acchknt at Ibree Mile procedurego awun saku. Ihe WR u.ed wml SW m wh 6 Hw g.ubhc C hhh Commewi.m. therch wnin ming
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headed by John C. "ement president of
""'"*"'e'hmsM gaH. and n pons so the site
'h"' "P P ""' ""'"" b ""'"""' R d *' d PitOPOSI D LEGISIA(IDENDS TION WOULD K
TAX ON )l%
nartmouth Catege. nmoiwied a tull unds and P'"idC "' '"' *'"' P"""' '"" * "d '" ""
lhornburch and hHmg aN us anctn on the fne I au vear we encouraged usur su#irt ni insonganon of the nenh before, durmg and h is an nuenuh eUntne pad of our deibca member tioant t he ihte, are:
on des gned to defer a f ter the incident-
'*" '" sa few Jamed,n=le3, w ho wried awhwl touni.cl so important tas lepalan.
i i ederal mcome tases on duidends reimnted On October 5. the Commndon in iwning in On the recommendatnin thal an agens s be the Commonmr althi Nenate Democran. In umler quahfied remsntment plamuch as oun Imal report made snen remmmend.itions but crmed to wt high standards for trainme ICrv. Mr. Cawles m as inst runwnf al in dw di alt-Ahhonth many of our shareholden rnponded, stopped short of recommendme a nutkar nutkar plant operators. Mr. I serett remarked:
ins of bith re ulime in the Mate mnumwr that legnfation (aded the broad bawd support umstruction moratorium admteiolhce anif the osethaulof PCC netewan fer it to become law. t hn ycar*
"I he electric utihtv inihntn hn alteady taken "PC'3"""'
hourser. umdar Icghtation has been introduced PE Prht M ChWw& OfM J W up to ntabinh sus h an organisation. the Scan %hanaman, formerk st aH lawicr to in tw th the Ihmse of ({epresentathm and the be b u Mk h @ r A%
b Inuitute for Mnkar Power Operalsong(NP( H 5 enate Repnhhcans 'ihe
- n proiomh on the cartoon cf the P4d.,de&% n,.uc.m. prmi led a It will be independent. m ith it ow n chief PUCT legal uaff and worked with Mr Ca les
( ompans perspetinc on the rommiwioni eteentne. reporting to tu ow n tvard el in draldog legislaton w hn h res sw d statr utdits ibc %cnate ildi(S.15411 introduced by Senator
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Gaslord Nelson and the ifome Ildt til R. c64)
On the Commiwioni recommendatson that high stanifarifs for operator tvmining and inNoituced by Representathe 1. J. Pickle, offer each nuclear p> er plant mmpany ha.c a salctv yna afmn oudout 6e mduun and at t I hida Iafh(crm a fmn formoh awwiated participanh in quahhed plans the option of Froup that reporb to high in r1 management.
as an xuesging asenn for ihw prop a""'
with Wntmghome I kt nic Cmpiraimn. w ho ha bro.nlevenem e m ifcahoe =.th kdcrat amt drfernng the l'ederalincome tasn on dnidends Mr.1.verett u ated. in part:
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(up to 5i.%r7. er SUtue on a inint teturni3hich awure itwif of the adequa, v of INPO.h a(I to u;rre co rrnmenn on enngv esmet "1 he electric utihrv inihntry, through its etlettnenest I he ihn e new nvmkit ad und. r % stuus <il s
are renneued in oticinal iwne common uork.
Ibcse hudends are now lated n ordinarv I:lertnc Power Hewarth Inuiture. hn alreadv ace, are the smment Commns oners m the income in the year paid. Umler the proposed evabinhed the Nmicar Safety Anahsh Center
Peas h flotton Number One. our bru ma ncar PCri hhton. I hn miH wne.donv o oh PI'r krisl.ition. reimeued dividenik up to the hmih (NMC) to anaftre in dept h the 1 M1 acudent.
plant. had in onn Mmulator ahnh a n med to Chainnan W. Wikim N.de anit W h,n i mdkated abmc are not tased curremh but Its finifings are now being uwd by the indmtn train and retrain ope atmg personmet lohnw n moedd be taxed at capitalg.rin rafn a ben tbc to imprme safety. We behne that thh at thity themchout the oprratme bietinw of the umt sharn purs hawd uith the reinveued shiidenA
.itt trad to the type of permanent inifmtry We base uwd Unmlator fanhtin estemneh in iN Clf)MNG are wid organization to awew safety remmmended bs trauung ornaton for Prach floitom Nomber the Kemeny Commisdon.
l *o and I kns and are budami:our own On Nhalf of the Hmud of Ducttors and aH We behne thew bilh prodk a dgmhcant tas
.. h he ntabikhed ih ow n task forte to roie*
umnf aror arid tramme tenter af I imera lu Philadelpfua I tesInc Comp.ms emploun. I endauons br,1 npenente and to rnake
%,e supp.H IuHv Hic knwns (,omnuwon s cucnd m um our M = Min for a hipp kneht for indnidualimeuors and reprewnt de mbAeIM hohd.n wnon progrewne. Iair leghlation which encouragn
, corn unpnwing the safety of n comnwndanonsyn naininu PL s om n capual formanon and partially chmmate dw
""'IY'"h II"itom and I imeris k piamt la trammg program n cornparable to that uwd M double tasagion of didlends. We urge you to repon = as iwned in Angmt, and w hde me M y for haWng in nudcar opnating g p g,py, g,c,.cmtwr f. f 4 N Omronm of dic 16r.1 mntact sont members of Congreu to express mncfuehng that our operations are estreme!v perennel sour imeiest in ttww bdh Correspmdence pale, made rnwnmendauons ac behne = di be sho.dit tv addreswd tolion. (Nameof SenatorL
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I:or a reprint of Mr fiereu's entire mmmentan on the f'emmhnoni rep +rt. piene w nte so (r 5 Senate. % ashinrton D C. 20;lf f or ihm "We'se had a Company reuclear safets mmmit Phdadelphia f let trw ( cmpam. ( orporate (Name of Reprewntatnet U.S. lionw of tec at P):. the Operanori and bfets Rniew Communa atiom Department. 21sti M.u kei t2 pb mprewmai,se,. wmho. con. D C 2tm Com m,nce n su t. em e,ne,vgionme er eur sm* Pbd.i.uphi.e. Pmn g
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