ML19319B346
| ML19319B346 | |
| Person / Time | |
|---|---|
| Site: | Davis Besse  |
| Issue date: | 01/24/1977 |
| From: | Stolz J Office of Nuclear Reactor Regulation |
| To: | Roe L TOLEDO EDISON CO. |
| References | |
| NUDOCS 8001150876 | |
| Download: ML19319B346 (6) | |
Text
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n DISTRIBUTI0jijA' Docket File 7 NRC POR JAh : 4 ~377 Local PDR LWR 1 File D. B. Vassallo F. J. Williams J. Stolz Occket tio. 50-346 L. Engle E. Hylton D
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ACRS (16)
Toledo Edison Company ELD w
ATTil: fir. Lowell E. Roe IE (3) n
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D Vice President, Facilities H. Smith t
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_a Development Edison Plaza 300 'ladison Avenue Toledo, Ohio 43652 bcc:
J. R. Buchanan, IISIC Gentler.en:
T. B. Abernathy, TIC
SUBJECT:
REQUEST FCR ADDITIO lAL FINAllCIAL I'iFOR"ATIO'i (DAVIS BESSE : t' CLEAR POWER STATIO:1, UNIT MO.1)
The request for additional financial information provided in the enclosure to this lettcr was provided to you at a neeting on Janusry 14, 1976, in detaesda, !!aryland. The staff further discussed these matters with you at that meeting.
We request that you arund the General Infomation Section of the Davis Besse, Unit 1 Apolication to reflect the information as requested in the enclosure to this letter.
!!e request that you amend your application as quickly as nossible but not later than February 4,1377. Ile request that vou orovide a schedule for submitting the requested information within 5 days after receipt of tnis letter.
Please call us if you have any questions regarding these ratters.
Sincerely, Original Simed by' h.hn F. Stolz John F. Stolz, Chief Light '!ater "eactors Cranch T'o. I Divisicn of Frnject "amerent
Enclosure:
Request for.Tdditional Financial Iafornnica cc: See next page
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Ird JSTolz LEng' 1/ y/77 lfj77 1974.930966 O
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JAN'at 1977
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2-Toledo Edison Company cc: !!r. Donald H. Hauser, Esq.
The Cleveland Electric Illuminating Concany P. O. Box 5000 Cleveland, Ohio 44101 Gerald Charnoff, Esq.
Shaw, Pittman, Potts and Trowbridge 1800 !! Street, N. W.
Washington, D. C.
20036 Leslie Henry, Esq.
Fuller, Seney, Henry and Hodge 300 Madison Avenue Toledo, Ohio 43604
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ENCLOSURE REQUEST FOR ADDITIONAL FINANCIAL INFORMATION DAVIS-BESSE NUCLEAR POWER STATION UNIT NO. 1 DOCKET NO. 50-346 1.
Indicate the estimated annual costs by year to operate the subject facility for the first five full years of comercial operation. The types of costs included in the estimates should be indicated and should include (but not necessarily limited to) operation and maintenance expenses with fuel costs shown separately, depreciation, taxes, and reasonable return on investment.
(Enclosed is a fom which should be used for each year of the five-year period.)
Indicate the projected plant capacity of the unit for each year.
Indicate the unit price per KWH experienced on Toledo Edison Company's and Cleveland Electric Illuminating Company's system-wide sales of electric power to all customers for the 12-month period ending December 1976.
2.
Indicate the estimated costs of pemanently shutting down the facility, a listing of what is included in such costs, the assumptions made in estimating the costs, the type of shutdown contemplated, 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 prospectus for the most recent security issue.
Provide cooies of the preliminary prospectus for any pending security issue.
5.
Describe the nature and amount of the company's most recent iate relief action (s) and its anticipated effect on earnings. 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 testi-mony of the staff and company in the most recent rate relief action or pending rate relief action.
7.
Complete the eclosed form entitled, " Financial Statistics," for the years ended December 31, 1976 and December 31, 1975.
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8.
Total estimated construction cost for the subject facility.
ATTACHMENT ESTIMATED ANNUAL COST OF OPERATING NUCLEAR GENERATING
'IT:
FOR THE CALENDAR YEAR 19 (thousands of dollars)
Operation and maintenance execnses Nuclear potier generation Nuclear fuel expense (plant factor
%)...............
Other operating expenses...................................
Maintenance expenses.......................................
Total nuclear power generation.................
Transmissien expenses........................................
Administrative and general expenses Property and liability insurance...........................
Other A.&G.
expenses.......................................
Total A.&G.
expenses..................................
TOTAL O&M EXPEN 5 ES....................................
Depreciation expense...........................................
Taxes other than income tas.es Property taxes...............................................
0ther........................................................
Total taxes other than income taxes...................
Income taxes - Federal.........................................
Income taxes - other...........................................
Deferred income taxes - net....................................
Investment tax credit adjustments - net........................
Return (rate of return:
%)............................
TOTAL ANNUAL COST OF OPERATION e
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w-ATTACHiENT FOR ITEi NO.
RATE DEVELOPMENTS Electric Gas Steam Granted
- Annual amount - test year basis (000's)
Percent increase 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 received,in subsequent year Pending Recuests Amount (000's)
Percent increase Date filed Date by which decision must be issued Rate of return on rate base recuested Rate of return on cc. mon equity requested
- Provide copy of latest rate order 9
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.Ly, ATTAC}tiENT FOR ITEM NO.
FIfMNCIAL STATISTICS (r
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12 months' ended 1978 197/
(dollars in millions)
Earnings available to comon equity Average comon equity Rate of return on average comon 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-tenn 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 comon Book value of common Market-book ratio (end of period)*
Earnings avail. for comon less AFDC +
depreciation and amortization, deferred taxes, and invest. tax credit adjust.-
deferred Comon dividends Ratio Short-term debt Bank loans Comercial paper Capitalization (Amount & Percent)
Long-term debt Preferred stock Comon equity
- If subsidiary' company, use parent's data.
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