ML19323B476
| ML19323B476 | |
| Person / Time | |
|---|---|
| Site: | Farley  |
| Issue date: | 05/05/1980 |
| From: | Bowden T ALABAMA POWER CO. |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML19323B477 | List: |
| References | |
| NUDOCS 8005120421 | |
| Download: ML19323B476 (7) | |
Text
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8005120471 Post Office Sex 2641
.,,s Birmmgam. Macama 35231 Tere::ncre 205 323-5341 Trans J. Bowden b
v.ce Prevcent and Treasurer g
t e rpem +=ctr.c rv: e-May 5, 1980 Mr. Jerome Saltzman Chief, Antitrust and Indemnity Group Nuclear Reactor Regulation Nuclear Regulatorv Ccemission Washington, D.C.
20555
Dear Mr. Saltzman:
Enclosed is the annual submission of Alabama Power Company with respect to the retrospective premium guarantee required under the Price-Anderson Act, as amended, applicable to its Joseph M. Farley Nuclear Plant. We have elected to satisfy this guarantee requirement by submitting annual certified financial statements and cash projec-tions, showing that a cash flow can be generated and would be available for payment of retrospective premiums up to S20,000,000 within three months after submission of the statement.
In this connection, enclosed are the following:
1.
1979 Annual Report which includes financial statements for the cats.ndar year 1979, together with the report on such statments by Arthur Andersen & Co., independent public acco",tants;
/
- 2. (Unaudited Financial Statements for the quarter ended March 31, 1980; 3.
Cash Flow Projections for the period January 1, 1980 through December 31, 1980, showing that cash flow for
$20,000,000 can be generated and would be available for payment of retrospective premiums within three months after submission of the statement.
Please acknowledge receipt of the enclosures by signing and returning copy of this letter.
Yours very truly,
/
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n AW Travis J. 3cwden So TJ3:=w k
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