ML19350A622
| ML19350A622 | |
| Person / Time | |
|---|---|
| Site: | Comanche Peak  |
| Issue date: | 03/09/1981 |
| From: | Tedesco R Office of Nuclear Reactor Regulation |
| To: | Gary R TEXAS UTILITIES ELECTRIC CO. (TU ELECTRIC) |
| References | |
| NUDOCS 8103160579 | |
| Download: ML19350A622 (11) | |
Text
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DISTRIBUT T.ON:
Docket File (2)
J. Peterson Local PDR J. Saltzman NRC PDR LB#2 File Docket Nos. 50-445 DEisenhut and 50-446 RPurple RTedesco s8 ASchwencer b
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SBurwell Mr. R. J. Gary MService Executive Vice President and IE(3) i t
8/Sg7A 7 General Manager BCC: ACRS (16) 84 r
Texas Utilities Generati.cg Company
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B 2001 Bryan Towers TERA y
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Dear Mr. Gary:
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SUBJECT:
REQUEST.POR FINANCIAL INFORMATION FOR COMANCHE PEAK STEAM ELECTRIC STATION, UNITS 1 AND 2 Enclosed is a request for financ :1 infonnation which we require to complete our evaluation of your application for operating licenses for Comanche Peak Steam Electric Station Units 1 and 2.
The enclosure includes a request for financial infonnation from each of the owners of the facility. We suggest that you consider providing the appropriate responses concerning Tex-La in order that we may complete our evaluation in a single review.
Please provide 15 copies of your responses to the enclosure in confonnance with 10 CFR 9 50.30(c).
i Your response to the enclosed request for financial infonnation should be submitted within four veeks. Should you have questions concerling this request, please contact us.
Sincerely, Original signed by
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Robert L. Todeseo Robert L. Tedesco, Assistant Director for Licensing Division of Licensing
Enclosure:
i Request for Financial Infonnation cc w/ enclosure:
See next page r
8103160 r
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Mr. R. J. Gary Y.AR P 21 Executive Vice President and Gene W Manager Texas Utilities Generating Company 2001 Bryan Tower Dallas, Texas 75201 Nicholas S. Reynolds, Esq.
cc:
Debevoise & Liberman Mr. Richard L. Fouke 1200 Seventeenth Street Citi: ens for Fair Utility Regulation 1668-B Carter Drive Washington, D. C.
20036 Arlington, Texas 76010 Spencer C. Relyea, Esq.
Worsham, Forsythe & Sampels Resident Inspector / Comanche Peak 2001 Bryan Tower fluclear Power Station Dallas, Texas 75201 c/o U. S. Nuclear Reaulatory Commission P. G. Box 38 Mr. Homer C. Schmiat Glen Rose, Texas 76043 Manager - Nuclear Services Texas Utilities Services, Inc.
2001 Bryan Tower Dallas, Texas 75201 Mr. H. R. Rock Gibbs and Hill, Inc.
393 Seventh Avenue New York, New York 10001 Mr. A. T. Parker Westinghouse Electric Corporation P. O. Box 355 Pittsburgh, Pennsylvania 15230
_ David J. Preister Assistant Attorney General Environmental Protection Division P. O. Box 12548, Capitol Station 4.
Austin, Texas 78711 Mrs. Juanita Ellis, President Citizens Association for Sound e.
Energy 1426 South Polk 7,
Dallas, Texas 75224 Geoffrey M. Gay, Esq.
t West Texas Legal Services 100 Main Street (Lawyers Bldg.).
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' Fort Worth. T_exas 76102 '
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ENCLOSURE REQUEST FOR IIfiAfiCIAL INFORMATI0fi 1.
a.
Indicate the estimated annual cost by year to operate each unit of the subject facility for the first seven full years of each unit's commercial operation.
The types of costs included in the estimates should be indicated and include (but not necessarily be limited to) operation and maintenance expense (with fuel costs shown separately), depreciation, taxes and a reasonable return on investment.
(Enclosed is a form which should be used for each year of the seven year period.)
Indicate the projected plant capacity factor (in percent) for each unit during each of the seven years.
Provide separate estimates using 50 percent and 60 percent plant capacity factors.
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b.
Indicate the unit price per kWh experienced by each applicant on system-wide sales of electric power to all customers for the most recent 12-month period.
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l 2.
Indicate the estimated costs of permanently shutting down each unit of the facility,- stating what is included in such costs, the assumptions
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-2 made in estimating the costs, the type of shutdown contemplated, and the intended source of funds to cover these costs.
3.
Provide an estimate of the annual cost to maintain each unit of the shutdown facility in a safe condition.
Indicate what is included in the estimate, assumptions made in estimating costs, and the intended sourc* sr funds to cover these costs.
4.
If the facility is jointly-owned provide copies of the joint participation agreement setting forth the procedures by which the applicants will share operating expenses and decomr.issioning costs.
The following financial information is required for each investor-owned participant:
5.
Provide copies of the prospectus for the most recent security issue and copies of the most recent SEC Form 10-K and 10-Q.
Provide copies of the preliminary prospectus for any pending security issue. Submit copies of the Annual Report to Stockholders each year as required by 10 CFR 50.71(b).
6.
Describe aspects of its regulatory environment including, but not necessarily limited to, the following:
prescribed treatment of allowance for funds used during construction; rate base (original cost, fair value, other); accounting for deferred income taxes and 1
3 investment tax credits; fuel adjustrent clauses in effect or proposed; historical, partially projected, or fully projected test year.
7.
Describe the nature and amount of its most recent rate relief action (s). In addition, indicate the nature and amount of any pending rate relief action (s). Use the attached form to provide this information.
Provide copies of the submitted, financially related testimony and exhibits of the staff and company in the most recent rate relief action or pending action.
Furnish ccpies of the hearing examiner's report and recommendation, and final opinion last issued with respect to each participant, including all financially related exhibits referred to therein.
8.
Complete the enclosed form entitled, " Financial Statistics," for the most recent twelve-month period and for the previous three calendar years.
l ATTACHMENT FOR ITEM NO.
1.a.
ESTIMATED ANNUAL COST OF OPERATING "ilCIEAR GENERATING UNIT:
FOR THE CALEhDAR YEAR 19 _.
(thousands of dollars)
Operation and maintenance expensas.
Nuclear power generation haclear fuel expense (plant factor i)...........$
Other operating expenses.....................
Maintenance expenses.......................
Total nuclear power generation....
Transmission expenses........................
Administrative and general expenses Property and liability insurance.................
Other A.&G. expenses.......................
Tctal A.&G. expenses....................
TOTAL O&M EXPEliSES.....................
Depreciation expense.........................
Taxes other than income taxes Property taxes...........................
O th e r................................
Total taxes other than income taxas...........
Income taxes - Federal........................
Income taxes - other....................
Deferred income taxes - net.....................
Investment tax credit adjustments - net................
Return (rate of return:
%)..................
TOTAL ANNUAL COST OF OPERATION
ATTACH'iD;T FOR ITE's !.'.
7 RATE DEVELOFi:E:;TS Electric Gas Steam Granted Test year utilized Annual amount of revenue increase requested-test year basis (000's)
Date petition filed Annual amount of revenue increase allowed-test year basis (000's)
Percent increase in revenues allowed Date of final order Effective date Rate base finding (000's)
Construction work in progress included in Rate base (000's)
Rate of return on rate base authorized Rate of return on comon equity authorized Revenue Effect (000's)
Amount received in year granted Amount received in subsequent year (If not available, annualize amounts received in year granted) f Pendine Recuests Test year utilized Amount (000's)
Percent increase l
Date petition filed Date by which decision must be issued l
Rate of return on rate base requested i
Rate of return on co. mon equity requested Amount of rate base requested l
A.ount of construction work in progress requested for inclusion in rate base
ATTACH"ENT FOR ITI': 10.
A F IN* NCI A'.
STAT !571CS 1C nonths' ended (collars in tillions)
Earnings available to common equity Average common equity Rate of return on average cocoon equity Times total ir.terest earned before FIT:
Gross income (both including and excluding AFDC) + current and deferred FIT + total interest charges + amortization of debt discount and expense Times long-term interest earned before FIT:
Gross income (both including and excluding AFDC) + current and deferred FIT + long-term interest charges + amortization of debt discount and expense Bond ratings (end of period)
Standard and Poor's Moody's Times interest and preferred dividends earned after FIT:
Gross income (both including and excluding AFDC) + total interest charges + amortization of debt discount and expense + preferred dividends.
AFUDC Eet income after preferred dividends Farket price of common i
Book value of common Market-book ratio (end of period)*
l Earnings avail, for common less AFDC +
depreciation and amortization, deferred taxes, and invest. tax credit adjust.-
deferred.
Connon dividends l
Ratio i
Short-term debt Bank leans Con:ercial paper Capitalization (Amount & Percent)
Long-tenn debt Preferred stock Common equity
- If subsidiary company, use parent's data.
The following financial information is recuired for each runicipal applicant:
1.
Describs the nature, amount, ratings and success of each municipal applicant's most recent revenue and general obligation bond sales.
Indicate the current total outstanding indebtedness in each category for each entity.
2.
Provide copies of the official statement for the most recent bond issue. Provide cooies of the preliminary statement for any pending security issue.
3.
Provide copies of the most recent annual financial report and the most recent interim financial statements.
Continue to submit copies of the annual financial report for each year thereafter as requirad by 10 CFR 50.71(b).
4.
Is each participant's percentage ownership share in the facility equal to its percentage erititlement in the electrical capacity and output of the plant? If not, explain the difference (s) and any resultant effect on any participant's obligation to provide its share of operating costs.
5.
bescribe the rate-setting authority of each municipal applicant and how that authority may be used to ensure the satisfaction of financial luhk.
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2 obligations related to operating costs and eventual shutdown costs of the facility. Describe any restrictions on such rate-setting authority and how this may affect the applicant's ability to satisfy its obligations to the project.
Describe the nature and amount of each municipal applicant's most recent rate relief action and the anticipated effect on revenues. Indicate the nature and amount of any pending rate relief action (s).
6.
If a membership organization is participating in the joint ownership, explain the contractual arrangement among the members that assures j
that funds will be available to meet the entity's obligations to the project. Provide copies of the power sales contract.
7.
Describe the applicant's plan for financing its share of the cost of eventual shut down of the facility and maintenance in a safe shutdown condition.
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The following financial inf orr.ation is required for each cccperative applicant:
1.
15 each participant's percentage ownership share in the facility equal to its percentage entitlement in the electrical capacity and output of the plant?
If not, explain the difference (s) and any resultant effect on any participant's obligation to provide its share of operating costs.
2.
Describe the rate-setting authority and rate covenants of the co-operatives and how that authority will be used to ensure the satisfaction of financial obligations in relation to operation and eventual shutdown of the facility.
3.
Describe the nature and amount of the cooperative's most recent rate relief action (s) and its anticipated effect on net margins.
In addition, indicate the nature and ar.ount of any pending rate relief action (s).
4.
If membership cooperatives are involved, explain the contractual arrangements between the cooperative and its members that will provide funds for operation and eventual shutdown of the facility.
Provide representative copies of such cont. acts.
5.
Provide copies of the latest annual and interim financial statements.
Also provide copies of similar statements for the corresponding periods ended in the previous year.
Continue to submit gopies of the annual financial statements each year as required by 10 CFR 50.71(b).
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