ML19332E351

Forwards Annual Cashflow Statements for 1989 as Evidence of Util Maint of Approved Guarantee,Per Requirements of 10CFR140.21 Re Licensee Guarantees of Payment of Deferred Premiums

ML19332E351
Person / Time
Site:	Vermont Yankee File:NorthStar Vermont Yankee icon.png
Issue date:	11/29/1989
From:	Pearson J VERMONT YANKEE NUCLEAR POWER CORP.
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
NUDOCS 8912070121
Download: ML19332E351 (3)

Text

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> VERMONT YANKEE

-NUCLEAR POWER CORPORATION i

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.. RD s, Box 169. Ferry Road, Brattleboro, VT os301  ;

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, November 29, 1989 .

(802)257-s271 ,

United States Nuclear Regulatory Commission ,

Document Control Desk Washington,.D.C.-20555

References:

(a) License No. DPR1-28 (Docket No. 50-27) r (b) 10CFR, Section 140.21 .

Subject:

Vermont Yankee 10CFR140.21 Submittal: Licensee Guarantees of  ;

Payment of Deferred Premiums ,

Dear Sir:

In accordance with the requirements of 10CFR140.21(e); enclosed herewith are '

the annual cashflow statements for Vermont Yankee and each of Vermont Yankee's

.nine sponsor companies for the year 1989. This infonnation is submitted as evi-dance that Vermont Yankee maintains an approved guarantee of payment should a $10 j million retrospective premium be assessed under the Price-Anderson Act. ,

Under the' Power Contracts between Vermont Yankee and its nine sponsor com-panies, Vermont Yankee would bill retrospective premium assessments to its spon-sors as part of the monthly Power Contract Billing. As such, the " Cost of Purchased Power" as expressed in the enclosed sponsor financial information has been adjusted to reflect the effect of including the maximum annual retrospective .

' premium obligation for each sponsor company. Purchased power costs are paid for by our nine sponsor companies out of operating revenues rather than net income or  ;

sponsor financing and, as such, we suggest that each sponsor shown on the enclosed table has operating revenues which are more than adequate to pay all purchased power costs including the pro-rated minimum premium assessment. i L Should you have any questions or require further information regarding this matter, please contact this office.

Y truly y rs, l tW'Y1 00 n T. Pearson vTice President of Administration and Finance, Treasurer JTF:hp l- Enclosure cc: United States Nuclear Regulatory Conrnission Region I M

!. United States Nuclear Regulatory Commission - ,

l . Resident Inspector - Vermont Yankee Nuclear Power Corporation  ?

L! Y _ - - _ _ -

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VERMEDIT Vf3 GLEE pers reR PEBER C0F0f0f1(NI -

1989 ESTIpWITED CASW LOW (dollars in 000's) i Internal funds March 31 June 30 Sept 30 Dec 31(est) TOTAL l Net Income 1,935 1,923 1,926 2,069 7,853 Depreeiation 3,516 3,711 3,814 3,753 14,794 i Fuel Amortization 3,415 6,387 6,993 7,222 24,017 i Income Tax Accrual 933 923 826 829 3,511 Dividends (1,948) (1,929)- (1,929) (1,929) (7,735)

Income Tax Refund (payments) (460) (3,441) (2,058) (2,058) (8,017)

Fuel Disposal Payments (1,102) (431) (979) (1,075) (3,587)

Pro-Forma Pomer Cost Assessment Under Power Contracts for Retrospective Premiums Payable by Sponsors per

10 CFR, Section 140.21 10,000 10,000 10,000 10,000 40,000 Sub-Total 16,289 17,143 18,593 18,811 70,836 l

Pro-Forma Internal Cashflow 1

Other Sources - Net (2,825) (1,334) (1,161) (1,525) (6,845)

External Financing - Net (1,837) (4,432) (3,725) (4,773) (14,767)

, Total Funds From A11 Sources 11,627 11,377 13,707 12,513 49,224 1

Cash Requirements 4

i Construction Expenditures  :

(include removal costs) 1,140 1,001 460 1,513 4,114 Nuclear Fuel Purchases 487 376 3,247 1,000 5,110 Pro-Forma Retrospective Premium 10,000 10,000 10,000 10,000 40,000 Total Cash Requirements 11,627 11,377 13,707 12,513 49,224 .

_________ _________ i I hereby certify that I am Vice President Finance & Administration and Treasurer of Vermont Yankee Nuclear Power Corporation and that this statement fairly .y a. As the estimated Cashflom of the for the period ended 12/31/89.

& f n T. Pearson V Vice President Finance 8 Administration Treasurer

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sEuss TamEE auGEm peen tuossilm 1989 8PERSTIgut 25 CAON RW - WEMW87 TWEEE SPENBBBS s ,

e-(GELLfRS Q TWJUBMBSP ,

EnfaAL #E8 HINT EEEN We CSEECTICUT Emant fuglK SE9v!2 UESTERN RWrNWP C55Df3E MIllt SEMIE 19psTAle ~ EuElse . L19ff 8 POER RBM C99W8TW EW fuG9ADWETTS ' ELECT 8tC ELECTPIC CElr5WITION PM CN. P9uEt CWWWIT C9perf PMR C95Eff luuB9'!EE ELECTtK CO. Caper LIGNT Cepe87 OPERATIOut IstUmmT194 1189 WNSTE9 1999 MNSTES 1999 #NSTED 115918MSTE9 19r9 80NSTER 1189 57USTED 1109 MJUSTES 1999 ANUSTE9 1999 NNSTES MMT!WG 8tVENUES 232,373 137,330 1,199,000 670,792 611,191 293,406 9 M3 MMTI4G UPENSES (FEMTIONS:

COST F FWDetSED MUER e 122,300 73,446 322,721 374,290 200,3R 84,1 5 30,M9 STEN M MT195 3 ,923 422,000 141,371 195,059 127,321 27,296 32.753 TW1 0 9 9 9 9 9 9-BTER OPEMTING EXPENSES (E.0. *!NTENAME, TAE$. MMECIAT1910 16,932 291,000 00,272 181,976 30,342 9,1 31 25.100 1978L UptMTING EXpuesES 200,241 125,351 1,935,721 $%141 575,467 250,027 06,626 BTER IEONE sus E1UCTIONS (INC tuTEEST UpE49E) tie,42n (J,243 (35,900) (30,586) 79.351 t17,719p r (2,3EU ET tiEnE 13,7c5 s,344 100,279 es.In 114,e75 M,ete (M9>

INTE885L FWISS IMOpuutTION IET IE9E 13,795 8, 5 34 100,279 M1,794 44.135 114,975 14.990 N,860 - (M9)

KMEtt4Tian aus AnBRTIZATION 11.149 5,107 112,000 214,3!3 34,144 30,354 36,200 12,733 3.100 MTEME9 INEDE TAXES AMD ITC - ET 014 183 3,000 30,646 13,419 66,186 1,382 348 379 ft10WWEE F5t FUSS USES SWING CplSTRETIW (7643 043M 46,000) (7.779) (3,409) (33,301) (1,1N) 4 791) (1,3048 KTESRED flETsul ASSOCIATED 8/MILLST5E 3 fem 6E IN 9 9 9 440,30 0 0 8 (13,tE9 9 9 91V!9EESS (14,351) (7,304) (85,900) (187,305) 140,302) 9 (30,14D (10,2981 (1,951)

OTER INTEaunt SognCES - eET 2,913 (4,3r) 9 41,010 (15,641) 116 2,263 3,379 (2,9R)

TOTAL INTElput FUISS/CAEl FLON 12,366 3,161 132,279 255,853 32.257 1 % 239 35,634 ' 26.314 (2,250) etEnSaaQS-aET e 2,301 9 9 9 0 9 9 (12n EXTE84AL FINANCluB - 8ET 12,457 17,397 42,000 (34,838) 127.700 29.432 13,357 9 23,900 Total FUSS FREll EL SOURES 25.023 23.139 174,279 221.013 139,157 213,562 44,111 26,314 M,6t3 ACEMR SutiUILY CASN FLOu:

INTE9 mal TUSS 3.142 790 33,870 63,163 0,964  % 350 7,639 6,579 (3637 El SOURCES 6,256 3,785 43,579 35,254 39,199 33,916 11,940 6,579 3 t34 ptaCE=TAst W autttet optaATIuS plMTS emith E ngui Tenit 35.00s M.tes 20.00s 1.30s 4.tes 4.008 2.30s 2.30s 2.308 STER OPEMilmE SUNTS 7.308 0.00s 77.215 205.612 36.tes 11.855 61.748 17.90s It.30s TOTAL PE9ENTAGE 42.30s M.005 97.215 295.11s 60.00s 23.058 72.248 11.325 13.008 MitrIsWN MEWIWI 855ES9Euf 4,250 2,900 1, 721 29,511 6,0# 2,305 ' 7,224 1,159 1,300

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