ML19294A524
| ML19294A524 | |
| Person / Time | |
|---|---|
| Site: | Zimmer |
| Issue date: | 11/27/1978 |
| From: | Stolz J Office of Nuclear Reactor Regulation |
| To: | Borgmann E CINCINNATI GAS & ELECTRIC CO. |
| References | |
| NUDOCS 7812070265 | |
| Download: ML19294A524 (7) | |
Text
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Docket No. 50-358 Mr. Earl A. Borgmann Vice President - Engineering The Cincinnati Gas and Electric Company P. O. Box 960 Cincinneti, Ohio 45201
Dear Mr. Borgmann:
SUBJECT:
REQUEST FOR ADDITIONAL INFORMATION - FINANCIAL INFOR"ATION (Zimmer Nuclear Power Statio1, Unit No. 1)
In order to update our review of your application for an operating license for the subject facility, additional financial information is needeu.
You should submit a complete response to the enclosed request at least six weeks prior to the date that the staff must prepare testimony that will be presented at the public hearing.
Since a hearing date has not been established and because your response to the enclosed request for updated information should be as current as possible, it is important that you stay in contact with us regarding the most appropriate time for submittal of your response.
We presently anticipate the hearing to start in flarch or April of 1979.
If you have questions regarding the enclosure please contact us.
- ncerely, 7'.x &' /)
John F. Stolz, Chief ight Water Reactors Branch No.1 Division of Project Management
Enclosure:
Request for Additional Information
, cc: See page 2 783g9792G(
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Mr. Earl A. Borgmann gg; g73 cc: Troy B. Conner, Jr., Esq.
David B. Fankhauser, PhD Conner, Moore & Corber 3569 Nine Mile Road 1747 Pennsylvania Avenue, N. W.
Cincinnati, Ohio 45230 Washington, D. C.
20006 Thomas A. Luebbers, Esq.
Mr. William J. Moran Cincinnati City Solicitor General Counse1 Room 214, City Hall The Cincinnati Gas and Electric Cincinnati, Ohio 45202 Company P. 0. Box 960 Mr. Stephen Schumacher Cincinnati, Ohio 45201 Miami Valley Power Project P. 0. Box 252 Mr. William G. Porter, Jr.
Dayton, Ohio 45401 Porter, Stanley, Arthur and Platt Ms. Augusta Prince, Chairperson 37 West Broad Street 601 Stanley Avenue Columbus, Ohio 43215 Cincinnati, Ohio 45226 Mr. Peter H. Forster, Vice President Energy Resources The Dayton Power and Light Company P. O. Box 1247 Dayton, Ohio 45401 J. Robert Newlin, Counsel The Dayton Power and Light Company P. O. Box 1034 Dayton, Ohio 45401 Mr. James D. Flynn Manager, Licensing Environmental Affairs The Cincinnati Gas and Electric Company P. O. Box 960 Cincinnati, Ohio 45201 Mr. J. P. Fenstermaker Senior Vice President - Ooerations Columbus and Southern Ohio Electric Company 215 North Front Street Columbus, Ohio 43215
ENCLOSURE REQUEST FOR ADDITIONAL FINANCIAL INFORMATION ZIMMER NUCLEAR POWER STATION - UNIT NO. 1 l
DOCKET NO. 50-3.i8 i
l 1.
a.
Indicate the estimated annual costs by year to operate the subject facility for the first five full years of commercial I
operation. The types of costs 1ncluded in the estimates should be indicated and should include (but not necessarily be limited to) operation and maintenance expenses with fuel costs shown separa'.ely, depreciation, taxes, and reasonable' return on investment.
(Enclosed is a form which should be used for each year of the five-year period.)
Indicate the projected plant capacity of the unit for each year.
In addition, provide similar data assuming plant capacity factors of 50", and 60%.
b.
Indicate the unit price per kWh experienced 7 each applicant on system-wide sales of electric power to ail customers for the most recent 12-month period.
2.
Indicate the estimated costs of permanently shutting down the facility, a listing of what is included in such costs, the assumptions made in estimating the costs, the type of shutdown cr' templated, and the source of funds to cover these costs.
3.
Provide an estimate of the annual cost to maintain the shutdown facility in a safe condition.
Indicate what is included in the estimate, assumptions made in estimating the costs, and the source of funds to cover these costs.
4.
Provide copies of the joint participation agreement setting forth the procedure by which the applicants will share operating expenses and, if necessary, decommissioning. costs.
5.
With respect to each applicant:
a.
Provide copies of the prospectus for the most recent security issue and copies of the most recent SEC Form 10-K.
Provide copies of the preliminary prospectus for any pending securit, issue.
Submit copies of the Annual Report to Stockholders each year as required by 10 CFR 50.71(b).
b.
Describe the nature and amount of the company's most recent rate relief action (s).
Provide copies of the rate order and opinion.
In addition, indicate the nature and amount of any pending rate relief action (s). Use the attached form to provide this information. Provide copies of the submitted financially-related testimony and exhibits of the staff and company in the most recent rate relief action or pending rate relief action.
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-2 c.
Describe aspects of the ccmpany's regulatory environment including, but not necessarily limited to, the following:
I prescribed treatment af allowance for funds used during I
construction and construction work in progress; form of rate base (original cost, fair value, other); accounting for deferred income taxes and investment tax credits; fuel adjustment clauses in effect or proposed; historical, partially projected, or fully projected test years.
d.
Complete the enclosed form entitled, " Financial Statistics",
for the years ended December 31, 1977 and December 31, 1976, and for the most recent 12-month peri d.
If December 31, 1978 figures are available, these statistics should be used.
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1 AITACH3ENT ESTUfATED A:mUAL COST OF OPERATING NUCLEAR GENERATI3G UNIT:
FOR THE CALE:iDAR YEAR 19 I
(thousands of dollars) i e
i 4
o Operation and caintennnec execnses Nuclear cotier eeneration Nuclear fuel expense (plant factor
%)...............
Other operating expenses...................................
Main t e nan c e exp e ns e s.......................................
Total nuclear power generation.................
Transmission expenses........................................
Administrative and general excenses Property and liability insurance...........................
Other A.6G.
expenses.......................................
Total A.&G.
expenses..................................
TCTIAL O&M EXP Ci3 ES....................................
Depreciatica expense...........................................
Taxes other than inco=e taxes Property taxes...............................................
0ther........................................................
l Total taxes other than income taxes...................
4 Income taxes - Federal.........................................
Income taXe3 - other...........................................
,n Deferred income taxes -
net....................................
Invest =ent tax credit adj us tments - net........................
Return (rate of return:
%)............................
TOTAL ANNUAL COST OF OPEPdTION
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RATE DEVELOPMENTS Electric Gas Steam Granted
- Annual amount - test year basis (000's)
~
Percent increase i
Effective date Rate of return on rate base authorized Rate of return on common equity authorized Revenue Effect (000's)
. Amount received in year granted Amount receivec in subsequent year Pending Reouests**
Amount (C00's)
Percent increase Date filed Date by which decision must be issued Rate of return on rate base requested Rate of return on common equity requested
- Provide copy of latest rate order
- Provide copy of staff and company financial testimony e
e e
ATTACHMEMI FOR ITEM NO.
FIKANCIAL STATISTICS 12 months ended 1977 1976 (dollars in millions Earnings available to cannon equity Average common equity Rate of return on average common equity Times total interest earned before FIT:
Gross income (, incl. AFDC) + current and deferred FIT + total interest charges +
amortization of debt discount and expense Times long-term interest earned before FIT:
Gross income (incl. AFDC) + current and deferred FIT + long-term interest charges
+ amortization of debt discount and expense Bond ratings (end of period)
Standard and Poor's Moody's Times interest and preferred dividends earned after FIT:
Gross income (incl. AFDC) + total interest charges + amortization of debt discount and expense + preferred dividends AFUDC Net income after preferred dividends Market price of common Book value of ccmmon Market-book ratio (end of period)*
Earnings avail. for common less AFDC +
depreciation and amortization, deferred taxes, and invest. tax credit adjust.-
deferred Coanon dividends Ratio Short-term debt Bank loans Coinmercial paper Capitalization (Amount & Percent) long-term debt Preferred stock Common equity
- If subsidiary company, use parent's data.