ML19320C002
| ML19320C002 | |
| Person / Time | |
|---|---|
| Site: | Millstone  |
| Issue date: | 07/03/1980 |
| From: | Oconnor L NORTHEAST UTILITIES |
| To: | Dinitz I, Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8007150622 | |
| Download: ML19320C002 (2) | |
Text
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MOftTHEAST UTIEJFIES w emcw sr.ne arwecewaw Po. Box 270 Il
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HatTFoPD, CcNNECTICUT C0101
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July 3, 1980 LEONARD A. O'CONNOR veCE P:1gS60gNT AND TREAsungR Mr. Jerome Saltzman, Chief Antitrust & Indemnity Group Office of Nuclear Reactor Regulation Nuclear Regulatory Commission Washington, D.
C.
20555 Attention Mr. Ira Dinitz, Indemnity Specialist Gentlemen:
Re Docket Nos. 50-425, 336, and 423 With respect to the above referenced dockets, we are providing herewith the estimated 1980 cash flows for The Connecticut Light and Power Company, The Hartford Electric Light Company, and Western Massachusetts Electric Company.
The cash flows of those companies in the aggregate are adequate to meet the potential retrospective premium requirements for Millstone Units 1 and 2 under the 1975 amendments to the Price Anderson Act.
If you have any questions on the enclosed materials, do not hesitate to contact me.
Very truly yours, f
Leonard A. O'Connor Vice President and Treasurer LAO:aa Enclosures f0DY
.5
///
8007150622
8 MILLSTONE UNITS 1 AND 2 Estimated Cash Flows of Owner - Licensees 1980-(In Thousanils)
The Hartford Western
,The Connecticut Electric Massachusetts Light anil Power Light Electric Company Company Company Total Internal Funds Net Income.
$ 54,629
$38,295
$15,636
$108,560 Depreciation 56,105 28,834 14,910 99,849 Deferred Income Taxes &
Investment Tax Credits - Net 6,544 5,980 7,590 20,114 Allowance for Funds Used During Construction (23,758)
(10,554)
(7,158)
(41,470)
Dividends (53,135)
(33,?11)
(14,439)
(100,885)
Total Internal Cash Flow
$ 40,385
$29,244
$16,539
$ 86,168-Other Sources - Net (16,928)
(16,699)
(1,007)
(34,634)
External Financing - Net 135 755 53,805 26,550 216,110 t
Total Funds From All Sources
$159 2_I2
$66,350
}42,082
}267,644 t _
Average Quarterly Cash Flow
$ _3f) t803
$16,588 (10,520
$ 66,911 Percentage Ownership in Nuclear Operating Plants Millstone Unit #1 51.0 28.0 19.0 100.0 Millstone Unit #2 53.0 28.0 19.0 100.0 Other Operating Nuclear Plants 54.0 26.5 22.0 102.5 Total Percentage Ownership 160.0 82.5 60.0 302.5 Maximeg. Premium Assessment.
p 16,000
$ 8,250
$ 1 000
$_30,250