ML19305C673
| ML19305C673 | |
| Person / Time | |
|---|---|
| Site: | Yankee Rowe |
| Issue date: | 03/31/1980 |
| From: | Soucy A YANKEE ATOMIC ELECTRIC CO. |
| To: | Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8003310247 | |
| Download: ML19305C673 (6) | |
Text
d Telephone bi7 366-90\\\\
rwx 7:0-390 0739 YANKEE ATOMIC ELECTRIC COMPANY f
( YA.&qil.h 20 Turnpike Road Westborough, Massachusetts 01581 x,s uxes March 31, 1980 United States Nuclear Regulatory Commission Washington, DC 20555 Attention of Office of Nuclear Reactor Reculation
Reference:
License No. DPR-3 (Docket No. 50-29)
Gentlemen:
In accordance with Section 3.D(3) of our Facilities License No. DPR-3, we eaclose forty (40) copies of our Financial Statements for the year ended December 31, 1979 and a summary of financial protection in effect as of that date, pursuant to Section 170 of the Atomic Energy Act.
Please acknowledge receipt of these statements on the enclosed postcard.
Very truly yours, YANKEE ATOMIC ELECTRIC COMPANY
- 4. R. Soucy Assistant Treasurer ARS/ncj Erclosures 29*7' 7
8003310
YANKEE ATOMIC ELECTRIC COMPANY Facilities License No. DPR-3 1979 Financial Statements and Summary of Financial Protection Pursuailt to Section 170 of the Atomic Energy Act
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'T I hereby certify that I am Assistant Treasurer of the above-named Company and that the enclosed Insurance and Financial Statements for the period ended December 31, 1979 are, in my opinion, correct.
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A. R. Soucy
Telephone 617 366-9011 TwX FIO 3 90 0 7 3 9 YANKEE ATOMIC ELECTRIC COMPANY if-=
20 Turnpoke Road Westborough, Massachusetts 01581
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Summary of the Amount and Type of Financial Protection in Effect at December 31, 1979 Pursuant to Section 170 of the Atomic Energy Act As of December 31, 1979, Yankee Atomic Electric Company maintained financial protection in the cmount of $160,000,000 under the following policies issued by the Nuclear Energy Liability Insurance Association and the Mutual Atomic Energy Liability Underwriters: NELIA Policy NF-76 and MAELU Policy MF-26. Copies of the foregoing policies and endorsements to date have been filed with the Commission.
YANKEE ATOMIC ELECTRIC COMPANY Balance Sheet - Year Ended December 31, 1979 Assets Capitalization and Liabilities Electric Plant
$57,073,059 Capitalization:
Common stock, par value $100 per share;
-Less Accumulated Provision 153,400 shares authorized and outstanding
$15,340,000 for Depreciation 34,263,055 Retained Earnings 5,136,776 8-3/4% Note, due January 2, 1988 10,000,000 Net Electric Plant 22,810,004 30,476,776 Nuclear Fuel-At Amortized Cost
_21,018,394 Current Liabilities:
Net Utility Plant 43,828,398 Short-Term Debt 14,500,000 Accounts Payable 6,791,926 Non-Utility Property-Net 867,946 Accrued Federal Income Taxes 690,769 Accrued Interest 442,362 Current Assets:
Total Current Liabilities 22,425,057 Cash and Temporary Cash Investments 5,496,285 Unamortized Investment Tax Credits 1,001,813 Accounts Receivable 6,102,303 Deferred Federal Income Taxes 3,974,888 Material and Supplies 1,237,254 Prepayments 346,348 Total Current Assets 13,182,190
$57,878,534
$57,878,534
YANKEE ATOMIC ELECTRIC COMPANY Statement of Income and Retained Earnings - Year Ended December 31, 1979 e
Operating Revenue
$26,467,525 Operating Expenses:
Fuel 7,213,665 Other Operation 9,135,456 Maintenance 2,318,404 Depreciation 2,221,871 Taxes Other Than Federal Income Taxes 755,602 Federal Income Taxes 1,381,895 Total Operating Expenses 23,026,893 Operating Income 3,440,632 Other - Net, Including Related Taxes 123,088 s
Operating and Other Income 3,563,720 Interest:
Interest on Short-Term Debt 1,075,025 Interest on Long-Term Debt 887,153 Other 1,100 Allowance for Borrowed Funds Used During Construction - Credit (311,013)
Total Interest 1,652,265 Net Income 1,911,455 Retained Earnings at Beginning of Year 5,372,921 7,284,376 Cash Dividends Declared 2,147,600 Retained Earnings at End of Year
$5,136,776 o
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