ML19305E382

Forwards Cash Flow Statement Re Availability of Funding for Annual & Quarterly Payment of Premiums

ML19305E382
Person / Time
Site:	Beaver Valley
Issue date:	04/18/1980
From:	Christner R DUQUESNE LIGHT CO.
To:	Saltzman J Office of Nuclear Reactor Regulation
References
800148, NUDOCS 8004230517
Download: ML19305E382 (3)

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g;;e:e; A6 chard S. Christner Pittsburgh, Pennsylvania Senior Corporate Attorney 15219 Ocner,it Of fice Telephone: H12; 456--G000 e orney

"456-6122 5,

Germd F. Hickel Corporate Attorney Sen A torney 06ane S. Eistnant

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April 18, 1980 4

Mr. Jerome Saltzman, Chief Antitrust & Indemnity Group i

Office of Nuclear Reactor Regulation U. S. Nuclear Regulatory Commission Washington, D. C.

20555 l

Re:

Beaver Valley Power Station Unit No. 1 - Docket No. 50-334

Dear Mr. Saltzman:

I In connection with the annual submittal to the Nuclear Regulatory Commission of financial data in support of Duquesne Light Company's guarantee of retrospective premiums (see my letters to you of March 27, 1979 and December 26, 1979 with re-spect to the submittal for 1979), I am enclosing a Cash Flow Statement for 1979 (actual) and 1980 (projected), certified by Duquesne Light Company's Vice President (Fiscal), showing that cash in excess of $4,750,000 (Duquesne Light Company's share of i

the $10,000,000 amount of retrospective premiums applicable to its 47.5*/. ownership interest in. Beaver Valley Power Station Unit No. 1) would be available both on an annual and quarterly basis for the payment of such premiums.

The Statement follows the suggested format in the Com-mission's Regulatory Guide 9.4.

It should be noted that the dollar amounts for the various components projected for 1980 are projections only and represent the Company's best estimate of such amounts as of the date on which the Statement was pre-pared.

Events occurring during the year could result in the actual amounts differing from the proj ected aconts.

It is my understanding that Ohio ?.dL on Company and NOT Pennsylvania Power Company, the other M 6 p. mf Heaver Valley g

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Mr. Jerome Saltzman, Chief April 18, 1980 Page Two Power Station Unit No. 1, have made or are making similar sub-mittals.

It is my further understanding that if any indemnity fees are due and owing, they will be billed by the Commission at a later date.

If you have any questions on the Statement or need any additional information, please let me know.

Very truly yours, oO^ dk.

Y s

g, Richard S. Christner RSC:reh Enclosure cc:

James R. Edgerly, Esq.

(w/ enc.)

Ms. Eileen Bartell i

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DUQUESNE LIGHT COMPANY 1980 Internal Cash Flow Projection for Beaver Valley No. 1 Nuclear Power Station (Thousands of Dollars)

Prior Year Projection Year Actual Total Total Net Income After Taxes

$ 82,207

$ 96,442 Less Dividends Paid (81,343)

(91,226)

Retained Earnings 864 5,216 Adj ustments :

Depreciation and Amortization

$ 51,428

$ 53,191 Deferred Income Taxes and Investment Tax Credit 34,056 46,307 Allowance for Funds Used During Construction (26,567)

(30,700)

Total Adjustments

$ 58,917

$ 68,776 Internal Cash Flow

$ 59,781

$ 74,014 Average Quarterly Cash Flow

$ 14,945

$ 18,504 Percentage Ownership in All Operating Nuclear Units Beaver Valley No. 1 47.50%

Maximum Total Contingent Liability

$ 4,750 Certified correct:

CM.Qs_

C. M. Atkinson Vice President (Fiscal) m

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