ML19350D078
| ML19350D078 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley |
| Issue date: | 04/07/1981 |
| From: | Christner R DUQUESNE LIGHT CO. |
| To: | Saltzman J NRC |
| References | |
| NUDOCS 8104130258 | |
| Download: ML19350D078 (3) | |
Text
.l
./
ene al Att ey S or Co porate Attorney Larhpo. Crakne Legal Department R
C rate ttorney 435 Sixth Avenue Gerard F. Hlckel Pittsburgh, Pennsylvania Corporate Attorney 15219 Id 4
John A. Lee Senior Attorney
'S"$ior It oTr Writer's DIRECT DIAL Number:
y
C"o'c!!e A%'tey 456-6122
_s April 7, 1981 e-
.m :
~
II N{ fib a
cT RPR 10193; w U. S. Nuclear Regulatory Commission Lh "'Ei!&l*'
Washington, D. C.
20555 y
,.v -
/'
Attention:
Mr. Jerome Saltzman, Assistant Director
/
/g>Jh' State and Licensing Relations Office of State Programs, Nuclear Reactor Regulation Re:
Beaver Valley Power Station Unit No. 1 - Docket No. 50-334 Gentlemen:
In connection with the annual submittal to the Nuclear Regulatory Commission of financial data in support of Duquesne Light Company's guarantee of retrospective premiums (see my letter of April 18, 1980 with respect to the submittal for 1980), I am enclosing a Cash Flow Statement for 1980 (actual) and 1981 (pro-jected), certified by Duquesne Light Company's Controller, showing that cash in excess of $4,750,000 (Duquesne Light Company's share of the $10,000,000 amount of retrospective premiums applicable to its 47.5% ownership interest in Beaver Valley Power Station Unit No. 1) would be available both on an annual and quarterly basis for the payment of such premiums.
The Statement follows the suggested format in the Com-mission's Regulatory Guide 9.4.
It should be noted that the dol-lar amounts for the various components projected for 1980 are pro-jections only and represent the Company's best estimate of such amounts as of the date on which the Statement was prepared.
Events occurring during the year could result in the actual amounts differing from the projected amounts.
It is my understanding that Ohio Edison Company and MOOY Pennsylvania Power Company, the other owners of Beaver Valley S
8104130SN y
U. S. Nuclear Regulatory Commission April 7, 1981 Page Two Power Station Unit No. 1, have made or are making similar state-ments.
It is my further understanding that if any indemnity fees are due and owing, they will be. billed by the Commission at a later date.
If you have any questions on the Statement or need any additional information, please let me know.
Very truly yours,
^
- 0%
s?w Richard S. Christner RSC:reh Enclosure cc:
Mr. Lynn Firestone (w/ enc.)
Senior Vice President Ohio Edison Company Mr. James R. Edgerly (w/ enc.)
Vice President and General Counsel Pennsylvania Power Company l
o
,a DUQUESNE LIGHT COMPANY 1981 Internal Cash Flow Proj ection for Beaver Valley No. 1 Nuclear Power Station (Thousands of Dollars)
Prior Year Projection Year Actual Total Total Net Income After Taxes
$ 92,962
$ 99,790 Less Dividends Paid (93,188) 98,598 Retained Earnings (226) 1,192 Adjustments:
Depreciation and Amortization
$ 56,737
$ 63,285 Deferred Income Taxes and Investment Tax Credit 33,615 26,346 Allowance for Funds Used During Construction
(}1,570)
(34,707)
Total Adjustments
$ 58,782
$ 54,924 Internal Cash Flow
.$ 58,556 56,116 Average Quarterly Cash Flow
$ 14,639
$ 14,029 Percentage Ownership in All Operating Nuclear Units Beaver Valley No. 1 47.50%
Maximum Total Contingent Liability
$ 4,750 Certified correct:
AM J. O. Ellenberge%
Controller 1