ML19339H976

Forwards Certified Cash Flow Statement for Guarantee of Funds in Event of Retrospective Call Under Secondary Financial Protection Program

ML19339H976
Person / Time
Site:	River Bend
Issue date:	08/24/1992
From:	Odell W GULF STATES UTILITIES CO.
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
RBG-37396, NUDOCS 9209090041
Download: ML19339H976 (3)

Text

j i

, . t O

GULF S12ET2 UTILITIE'S COMP 21NY MV[ A Rt ND $T A T, *-

POET (1T F TE CON 779 (T IFiAtM.ViLLE. LOusS6Au ?O77t AR(A CODE SM f 3n f.M4 346 b8M1 August 24, 1992 '

RBG- 37396 File No. G9.5 U.S. Nuclear Regulatory Commission Document Control Desk Washington, D.C. 20555 Gentlernen:

River Bend Station - Unit 1 Docket No. 50-458 In accordance with the requirements of 10CFR 140.21, enclosed is a Certified Cash Flow Statemerit for Gulf States Utilities Company (GSU) for the guarantee of funds in the event of a retrospective call under the Secondary Financial Protection Program. The cash flow statement for Cajun Electric Power Coopemtive, Inc. was unavailable as of the date of this letter and will be provided upon availability.

Should you have any questions, please contact L.L. Dietrich at (504) 381-4866.

Sincemly,  ;

, f

'l W.H. Odell Manager - Oversight River Bend Nuclear Group

,g/ -

E/ /kym Enclosure cc: U.S. Nuclear Regulatory Commission 611 Ryan Plaza Drive, Suite 400 Arlington, TX 76011 .

n.6 NRC Resident Inspector A" <

030011 P.O. Box 1051 t St. Francisville, LA 70775 9209090041 920824 h'NM9ddihE', h1 yDR ADOCK 05000458 PDR p [pb

f-0 GULF STATES UTILITIES COMPANY CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)

For the Years Ended Decenter 31 (in thousands)

Actual B udge t ed" 1991 1992 DPERAtlkG ACTIVITIES:

het income ... ....... . ... . . . . .. .... ........ . 5102.28. 5110,189 Adjustments to reconcile net income to net cash provided by operating activities:

Provision for rate ref und.. .. . . ... .. . . . . . . 24,143 (12,734)

Leferred fuel and purenesed power expense - net. .. . 23,374 11,127 Amortizati on of nuclear f uet... . . .. . ... 42,172 29,148 Cepreciation and amortiration..... .... .. ... . . ... 187,521 192,039 Deferred revenue requirement - River Bend phase-in plan.. 5,5 75 2,291 Amortization of deferred River Bend costs. . . . . 32,661 50,656 Deferred income taxes net. . . .. ... 36,540 41,077 Investment tax credits - net.. . ... ..... .. . .. (4,308) 1,660 Allowance for funds used during construction.. . . (1,096) (?,422)

S&uthern Conpany sett lement...... . ... .. . 12,565 (17,047)

Extraordinary items -- (net of income taxes)..... . 20,166 9,131 Ceutative Ef fect of accounting change (net of income taxer). .. .. . . . ... . . .

(3,967)

Other..... . .. . . . . (19,022) 30,151 Changec in:

Rece. sables. . . . . .. . . . . .. (12,503) (8,325)

Fuel inventories. .. .. . . 10,422 (1,596)

Materiats and supptten... . . . . .. . .. . . (146) L14 Prepayments and other current assets. . . .. . . . . (9,825) (636)

Accounts payable - trade. . .. .. . . . .. (6,912) (31,372)

Custoner deposits. ... . .. . .. . . .. .. 1,258 662 Taxes accrued........ . . . . ... 753 13,397 Interest accrued.......... . . . 3,211 (8,708)

Other current liablilities... . . .. . . 21.315 13,997 NET CASH FLOW PROVIDED BY DPERATING ACTIVITIES. .. .. .. 470,147 419,232 fikANCING ACTIVITIES:

lesuance of long-term debt. . ..... . . ... . .. 200,000 1,200,000 Discount and expense on long-term debt.... .... .

(14,441)

Payment of deferred River Bend construction connitments. . (12,108) -

Decrease in deferred River Bend construction commitnents. (321) -

Payment of lease obligations.. . .. . (36,890) (37,2773 Retirement of t or.g-term debt.. ..... .. . ... (320,653) (1,076,153) kedemption premiuns on tong-'ere debt.. .... .. ..

- (69,026)

Retirenent of preferred anu prederence stock.. . .

. (148,810)

Redemption premiuns on preference stock.. .. - (18,300) f arment of preferred and preference dividends. . . (127,398) (237,492)

AET CASH FLOW USED BY FlhANCING ACTIVITIES. (297,370) (401,499)

IwvESTING ACTIVITIES:

Construction expenditures.. . .. . . .... (87,470) (94.490)

Sale of utility plant......... . .... . . ... 12,460 Allowarece f or f unds used during construction.. .. 1,096 2,422 Ref und f rom (deposit to) escrow account. . . . ( 2, 9 75 ) 19,032 Other property and investments. . .. . . ... 13,045 (2'8) kET CASH FLOW USED BV INVESTikG ACTIVITIES.. .. .. . (76,304) (60,794) .

I NET CHANGE IN CASH AND CASH EQUIVALENTS. ..... 46,473 (43,061) l CASH AND CASH EQUlVALEhTS a BEGINWlhG Of PERIOD. .. . . 196,568 293,061 CASH AND CASH EQUIVALEN15 - END OF PERIOD. . .. 5293,061 5250,000

.. ===....s.. == ..==......

Average quarterly f unds available.. . . $73,265 562,500

===.......... ...,=........

Percent ownership in all crerating nuclear units: .

River Bend... .... . .. . .. . . . .. .. . 70% 70%

Manimum total contingent liability. .. . .. . . ... 57,000

$35&5331838 5

• Based on si. months actual and six months upaated tudget income statenent. No assurance can be given that the budgeted results can be achieved.

Certified as trect:

ee

. . . . , ,7.

h. . ... ......

J. Wittis vice Presloent and Contrclier August 17, 1992