ML19326D156

Ack Receipt of AEC 740913 Evaluation of Util Financial Qualifications to Design & Construct Facilities.Amend to Be Filed in Nov 1974 Will Update Present Financial Info

ML19326D156
Person / Time
Site:	Midland
Issue date:	10/08/1974
From:	Howell S CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.)
To:	Giambusso A US ATOMIC ENERGY COMMISSION (AEC)
References
NUDOCS 8006090564
Download: ML19326D156 (2)

Text

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" ,o 00T211974 REGutATOW 3 i f' CDDSumDTS

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vice presroent

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Generei Offices: 212 West Michigan Avenue, Jackson. Michigan 49201

• D*" 8' 1974 THIS DOCUMENT CONTAINS P0OR QUAUTY PAGES 'M'3"2 Mfo cI* 0 g-yf WI k.(~'=.

WI& O Mr. Angelo Gia=busso 50-330 ~ O M d Deputy Director for Reactor Projects Cp2 5 O [2h Directorate of Licensing -

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US Atomic Energy Co= mission Washington, DC 20545 File Cy. k

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Dear Mr. Giambusso:

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This will acknowledge your letter of September 13, 1974 enclosing your staff's evaluation of Consu=ers Power Company's financial qualifications to design and construct the Midland Plant units. In reviewing your evaluation, we find that you have calcu-lated the contribution of internally generated funds to construction expenditurcs scmewhat differently than we do. Our conclusions from the' calculations do not differ r.aterially frcm yours, however.

On the last page of the evaluation, which contains the financial analysis table, we note that the Federal Power Co= mission's accounting change of January 1,1974 concerning contributions in aid of construction does.not appear to have been applied consistently in each year to the amount of utility plant.

In November 1974, we expect to file a further amendment to the Midland Plant license application which will contain information concerning the Company's financial qualifications. The information already provided to you will be updated in the amendment to incorpor-ate information available_ at the end of the third quarter of the cal-endar year 1974. This infomation vill provide the base from which changes will be reported as you have requested in your September 13 ,

letter. j On September 16, 1974, since our last meeting on this subject, the Michigan Public Service Commission issued an order granting the Company approximately $27,624,000 in interim rate relief pending com-pletion of the proceeding on the Company's application for an increase in electric rates (Case No. U-4576).

, Yours very truly,

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s AEC DISTRIBUTION FOR PART 50 DOCKET MATERIAL

. (TEMPORARY FORM)

CONTROL NO: 10554 FILE:

FROM: Consumers Power Conpany DATE OF DOC DATE REC'D LTR TWX RPT OTHER Jackson,ifich 49201 Mr. S.II. Howell 10-8-74 10-10-74 X TO: ORIG CC OTHER SENT AEC PDR XXX A. Giambusno 1 signed SENT LOCAL PDR CLASS UNCLASS PROPINFO INPUT NO CYS REC'D DOCKET NO:

XXX 1 50 330 DESCRIPTION: ENCLOSURES:

Ltr re our 8-13-74 ltr...furn info concerning di v e, , ,, _

ths financial qualifications of the Consumers ))

Power Company in. relation to the design and -

construction of the !!idland Nuclear Power .b V 4',

Plant.......

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PLANT NAME:

?fidinnd FOR ACTION /lNFORMATION 10-21-74 JB BUTLER (L) /SCHWENCER (L) ZIEMANN (L) REGAN (E)

W/ Copies W$ Copies W/ Copies W/ Copies CLARK (L) STOLZ (L) DICKER (E) LEAR (L)

W/ Copies W/ Copies W/ Copies W/ Copies PARR (L) VASSALLO (L) KNIGHTON (E)

W/ Copies W/ Copies W/ Copies W/ Copies KNIEL (L) PURPLE (L) YOUNGBLOOD (E)

W/ Copies W/ Copies W/ Copies W/ Copies

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INTERNAL DISTRIBUTION

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/ AEC PDR GRIMES / BRAITMAN

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/MUNTZING/ STAFF MACCARY KASTNER GEARIN (L) / B. HURT 7 CASE KNIGHT BALLARD # GOULBOURNE (L)

/GIAMBUSSO (adv) PAWLICKl SPANG LER KREUTZER (E) PLANS

/BOYD SHAO LEE (L) MCDONALD MOORE (L) (BWR) STELLO ENVIRO MAIGRET (L) CHAPMAN DEYOUNG (L) (PWR) HOUSTON MULLER REED (E) DUBE w/ input

/SKOVHOLT (L) (adv) NOVAK DICKER SERVICE (L) E. COUPE

/GOLLER (L) ROSS KNIGHTON ,

' SHEPPARD (L)

P. CO LLINS IPPOLITO YOUNGBLOOD SLATER (E) D. THOMPSON (2)

DENISE TEDESCO REGAN SMITH (L) KLECKER

/ REG OPR LONG PROJECT LDR TEETS (L) EISENHUT FILE & REGION (3) LAIN AS WILLI AMS (E)

MORRIS BENAROYA HAR LESS WILSON (L)

STEELE VOLlMER EXTERNAL DISTRIBUTION

/1 - LOCAL PDR ffidland, !!ich.

/1 -- TI,C (ABERNATHY) (1)(2)(10) - NATIONAL LABS 1 - PDR-SAN /LA/NY l

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/ 1 NSIC (BUCHANAN) 1 - ASLBP(E/W Bldg, Rm S29) 1 - BROOKHAVEN NAT LAB 1 - ASLB 1 - W. PENNINGTON, Rm E-201 GT 1 - G. U LRIKSON, ORN L 1 - Newton Anderson 1 - B&M SWINEBROAD, Rm E-201 GT *

- AGMED (RUTH GUSSMAN) 16- ACRS HOLDING 1 - CONSU LTANTS Rm B-127 GT i NEWM ARK /BLUME/AG BABI AN 1 - R. D. MUELLER, Rm E 201 .j GT gV '