ML19318A993

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Forwards Internal Cash Flow Projection for Yr Ending 791231, to Satisfy Requirements of 10CFR140.21.Confirmation Requested
ML19318A993
Person / Time
Site: Crystal River Duke Energy icon.png
Issue date: 06/20/1980
From: Loader J
FLORIDA POWER CORP.
To: Saltzman J
Office of Nuclear Reactor Regulation
References
NUDOCS 8006240495
Download: ML19318A993 (2)


Text

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I c o . ,o . . . .o , June 2),1980 J.G. Loader Vice President, Secretary and Treasurer Mr. Jerome Sc'stz=an Chief, Antitrust and Indemnity Group Office of Nuclear Reactor Regulation United States Nuclear Regulatory Cocunission Washington, D. C. 20555 Dur Mr. Saltzman:

In order to update Florida Power Corporation's utiliza-tion of alternative (e) to satisfy the requirements of Section 140.21 of 10 CFR Part 140 for 1980, we are enclosing our 1980 Internal Cash Flow Projection for Crystal River Unit 3 Nuclear Power Station. Our Internal Cash Flow Projection was prepared in accordance with the suggested format outlined in the U. S.

Nuclear Regulatory Commission Regulatory Guide 9.4 dated Septer-ber 1978.

The anniversary date of the Company's indemnity agreement is June 20th. Therefore, our Internal Cash Flow Projection is submitted in a timely manner.

Af ter you review this information, we would appreciate your advising us if we continue to satisfy the requirements of Section 140.21.

If you have any questions concerning this information, please give me a call.

Very truly yours,

\ l. !

b j' , I.

J. G. Loader JGL:bmc Enclosure 5

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FLORIDA POWER CORPORATION 1980 Internal Cash Flow Projection for Crystal River Unit 3 Nuclear Power Station (Dollars in Thousands)

Year Ended Year Er.ded December 31, 1979 December 31, 1980 Actual Projected Net Income After Taxes S 73,519 $ 80,000 Less Dividends Paid (54,486) (65,600) 1 Retained Earnings $ 19,033 S 14,400 Adjustments:

Depreciation and Amortization S 73,758 $ 83,100 Deferred Income Taxes and Investment Tax Credits 38,402 51,300 Allowance for Funds Used During Construction (1,271) (10,600)

Total Adjustments S110,889 S123,800 Internal Cash Flow S129,922 $138,200 Average Quarterly Cash Flow $ 32,480 $ 34,550 Percentage ownership in Crystal River Unit 3 100%*

Maximum Total Contingent Liability $10,000

  • Florida Power Corporation is the principal licensee as owner of 90%  !

of the unit. The Company is the exclusive operating agent for the owner-licensees of the remaining 107, of the unit.

This certified cash flow statement is made as of June 20, 1930, the anniversary _ date of the Crystal River Unit 3 indemnity agreement with the NRC. This statement covers all of the owners of this unit.

I hereby certify the above to be correct and accurate.

Dated: June 20,1980

/ /

, J. G. Loader Vice President and Treasurer