ML19339B294

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1972 Financial Statements & Summary of Financial Protection Per Section 170 of Atomic Energy Act
ML19339B294
Person / Time
Site: Yankee Rowe
Issue date: 12/31/1972
From: Fitzgerald R
YANKEE ATOMIC ELECTRIC CO.
To:
References
NUDOCS 8011060679
Download: ML19339B294 (5)
v • d • e


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7 YANKEE ~ ATOMIC ELECTRIC COMPANY Y*

20 TURNPIKE ROAD, WESTSOROUGH, MASSACHUSETTS 01581 TELEPHONE 617 366 9011 Summary pf the Amount and Type of Financial Protection i_p_ Effect a,t_ December & 1972 Pursuant g Section 170 o_f, the Atomic Energy Act f

As of December 31, 1972, Yankee Atomic Electric Company maintained financial protection in the amount of $95,000,000 under the following policies issued by the Nuclear Energy Liability Insurance Association and the Mutual Atamic Energy Liability Underwriters: NELIA Policy NF-76 and MAELU Policy MF-26.

Copies of the foregoing policies l

and endorsements to date have been filed with the Commission.

b l

1

YANFEE ATOMIC ELECTRIC utEPANY Statement of Incame and Retained Earnings-Year Ended Dccember 31. 1972 Utility operating incomo:

Operating revenues

$10,279,7h1 Operating expenses:

Operation expense 3,778,123 Maintenance expense 1,173,566 Depreciation expense 2,051,160 Taxes other than income taxes

$02,108 Income taxes--federal 1,295,18h Prior years' taxes credited (272,300)

Total operating expenses 8,527,8h1 Total utility operating income 1,751,900 Other income and deductions:

Allowance for funds used during construction h3,136 Other income deductions (5,616)

Net other income and deductions 37,520 Interest charges:

Interest on long-term debt Ih0,100 Interest on short-term debt h51,371 Amortisation of debt expense 8,876 Total interest charges 600,3h7 Net Income

$ 1.189,073 Retained Earnings:

Balance at beginning of period

$ 5,11h,361 Balance transferred from income 1,189,073 Dividends declared - common stock 1,112,150 Balance at end of period

$ 5,191,28h 4

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