ML19339B298
| ML19339B298 | |
| Person / Time | |
|---|---|
| Site: | Yankee Rowe |
| Issue date: | 12/31/1974 |
| From: | Soucy A YANKEE ATOMIC ELECTRIC CO. |
| To: | |
| References | |
| NUDOCS 8011060684 | |
| Download: ML19339B298 (5) | |
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x REGOTORY D00i'.ET E _i C0?Y YANKEE ATCMIC ELECTRIC COMPANY Facilities Licenra No. DPR-3 197h Financial Statements and Summary of Financial Protection Pursuant to Section 170 of the r-Atmic Energy Act 4
REGULilr0Rui)~nou TF 1
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I hereby certify that I am Assistant Treasurer of the above-named Company and that the enclosed Insurance and Financial Statements for the period ended December 31,197h are, in my opinion, correct.
C.M.k A. R. Soucy 8042000ggp y
4 Telephono 6l7 366-9011 TwK 7so-390-0739 YAi!KEE ATCGIC ELECTRIC COMPANY
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20 Turnpoko Ro,d Westborough, Massachusetts 01581 r
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Summary of the Amount and M e of Financial Protection in Effect at December 31, 1974 Pursuant to Section 170 of the Atomic Energy Act As of Decenbar 31, 1974, Yankee Atomic E1cetric Company naintained financial protection in the amount of $110,000,000 under the following policier. issued by the Nuclear Energy Liability Insurance Association and
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i the Mutual Atomic Ennrgy Liability Underwriters:
NELIA Policy NT-76 and t
MAELU Policy MF-26.
Copics of the foregoing policies and endorscreents to date have been filed with the Commission.
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YANKEE ATO?fIC F.',ECTRIC CD:!PA!,'Y Statencnt of Incore and Retained Earnines-Year Ended December 31, 1974 1974 Utllity opera.ing income:
$12,285,448 Operating revenues Operating expences:
6,069,845 Operating expense 1,353,983 Maintenance expense 2,207,670 Depreciation expense Taxes other than income taxes 515,748 Income taxes--federal 795,227 Prior years' taxes credited (333,800)
Total operati, expenses 10,608,673 Total utili ty operating income 1,676,775 Other incoac and deductions:
Allowance for funds used during construction 32,151 Other income deductions (350)
Net other income and deductions 31,801 Interest chargen:
Interest on long-tern debt 24,900 Interest on short-term debt 1,094,913 Amort. cation of debt expense 1,345 i
18 Other interest expense Total interest charges 1,121,176 587,400 Net Income Retained Earnings:
Balance at beginning of period 5,155,784 Balance transferred froa income 587,400 Dividends declared - common stock 536,900
_5 206 28/t Balance at end of period j
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s YANKEE ATOMIC ELECTRIC COMPANY Balance Sheet--Year Ended December 31, 1974 Liabilitics and Other Credits ~
Assets and Other Debits Utility Plant
$46,038,344 Proprietary capital:
Cc==on stock issued 153,400 shares Less accumulated provisien for par value $100 per share
$15,340,000 depreciation 25,146,413 Retained earnings 5,206,284 20,546,284 ~
Net Utility Plant (Before Nuclear Fuel) 20,891,931 Kucicar Fuel 14,873,705 Long-Term Debt:
Net Utility Plant 35,765,636 Bonds--First Mortgage Sinking Fund Bends, Series A 5% due 1/1/82 Non-Utility Property - Net 160,372 Current and accrued liabilities:
Current and Accrued Assets:
Accounts Payable 4,656,541 Cash 378,614 Notes Payable 12,000,000 L'orking Funds 17,700 Taxes Accrued 109,123 Accounts Receivable 3,170,020 Tax collections payable 15,194 Material and Supplies 503,858 0ther 37,867 312,909 Prepayments Total current and accrued Total current and accrued assets 4,383,101 liabilities 16,818,725 Deferred credits:
Accumulated deferred investeent tax credits 168,800
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Deferred debits:
Una=ortized debt expense Accumulated deferred incene taxes:
Liberalized depreciation 2,775,300 Total assets and other debits
$40,309,109 Total Liabilities and Other Credits
$40,309,109
YANKEE ATOMIC ELECTRIC COMPANY Balance Sheet--Year Ended December 31, 1972 Assets and Other Debits Liabilities and Other Credits
, Utility Plant
$h2,588,818 Proprietary capital:
Comon stock issued 153,h00 shares Lass accumulated provision for par value $100 per share
$15,3ho,000 depreelation 21s 5h6,808 Retained earnings 5,191,28h Het Utility Plant (Before Nuclear Fuel) 21,0h2,010 20,$31,28h l Nuclear Fuel 12,785,529 Long Tera Debt:
Het Utility Plant 33,827,539 Bonds--First Mortgage sinking fund bonds, Series A 5% due 1/1/82 2,082,000 Non-utility Property - Net 98,$38 Current and accrued assets:
Current and accrued liabilities:
Accounts payable 355,907 Cash 378,179 Notes payable 10,100,000 Wcrking funds lh,200 Taxes accrued 131,h02 Accounts receivable 1,$82,77h Tax collections payable 9,h90 -
Material and supplies h80,706 Other 9,716 Prepayments 29h,016 Total current and Total current and accrued accrued assets 2,7h9,875 liabilities 10,606,515 Deferred credits:
Accunulated deferred investnent tax credits h2,600 Deferred debits:
Accumulated deferred income taxes:
Unamortized debt expense 6,1h?
Liberalized depreciation 3,h19,700 Total assets and other debits
$36,682,099 Total liabilities and other credits
$36,682,099 i
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1 THE ATTACHED FsLES ARE OFFICI AL RECORDS OF THE OFFICE OF REGULATION. THEY HAVE BEEN CHARGED TO YOU FOR A LIMITED TIME l
PERIOD ANS MUST BE RETURNED TO THE CENTRAL RECORDS STATION 008. ANY PAGE(S) j REMOVED FOR REPRODUCTION MUST BE RETURNED TO ITS/THEIR ORIGINAL ORDER.
I W DEADLINE RETURN DATE N ~ 1$
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MARY JINKS, CHIEF l
CENTRAL RECORDS STATION 1
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