ML19350F110

Forwards Statement of Cash Flow from Operations,For Payment of Deferred Retrospective Premiums for Period 810630 to 820630 & Annual Financial Rept 1980

ML19350F110
Person / Time
Site:	Fort Calhoun
Issue date:	06/19/1981
From:	Petersen H OMAHA PUBLIC POWER DISTRICT
To:	Saltzman J Office of Nuclear Reactor Regulation
Shared Package
ML19350F111	List: ML19350F110 ML19350F112
References
NUDOCS 8106240225
Download: ML19350F110 (5)

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+;;I Omaha Public Power District 1623 MAmNev 8 OMAMa, NgeMASnA es102 a rggepMONE S36 4000 ARgA CODE 402 June 19, 1981 Mr. Jerome Saltzman Chief, Utility Finance Branch

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Tf .V Diversion of Engineering g N Jh~ ; k M Office of Nuclear Reactor Regulation - -U Nuclear Regulatory Comission JWl 2 31981 m ':F t Washington, D.C. 20555 (54 u.s.

RE: Omaha Public Power District Fort Calhoun Power Station, Unit 'b.1 b

N Guarantee for Payment of Deferred Retrospective Premiums . . .

Period: June 30,1981 to June 30, 1982

Dear Mr. Saltzman:

In compliance with Section 140.21 of 10 CFR Part 140, the Omaha Public Power District files the attached "1981/1982 Statement of Cash Flew From Operations" as its guarantee for payment of deferred retrospective premiums for the period June 30, 1981 to June 30, 1982. As noted in the prior years approved guarantees, the cash flow statement devi-tes somewhat from NRC Regulatory Guide 9.4 because the District is a political subdivision of the 5 tate of Nebraska, and the Bond Resolution 1788 determines the type of funds available to satisfy the guarantee.

A copy of Resolution 1788 was filed with our 1979 guarantee.

We also attached a copy of the District's 1980 Annual Report as part of the 1981 payment guarantee filing.

Comission review and approval of the Cash Flow Statement furnished herewith in satisfaction of 140.21 of 10 CFR Part 140 is solicited.

If there are any questions, please advise.

Sincerely, C

l H. E. Petersen Manager - Insurance

HEP /jaf Attachments

//100 E pc: E. C. Pape w/ attach 5 R. C. Learch w/ attach /

J. W. Marcil w/ attach j 8106240 p5

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OMAHA PUBLIC POWER DISTRICT

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(a) 1981/82' STATEMENT'0F CASH FLOW FROM OPERATIONS FORT CALHOUN POWER STATION UNIT NO. 1 (Dollars in Thousands)

ACTUAL PROJECTED 12 Months 12 Months 2

Ended 5-31-81 Ended 6-30-82 Operating Revenues 5 223,120 $ 244,087 1

Interest Receipts (b) 9,480 8,761 Total Cash Receipts $ 232,600 $ 252,848 Less: Operating Expenses (c) 117,293 143,073 Payments in Lieu of Taxes (c) 6,191 6,667 Funds Available for Debt Service $ 109,115 $ 103,108 Less: Debt Service Payments (d) 59,274 _

59,513 Funds Available for Other Valid Corporate Purposes (*) $ 49,841- -

$ 43,595 Average Quarterly Cash Flow 3 12,460 S 10,899 Percentage Ownership - Fort Calhoun Power Station Unit No.1 - 100%

4 Maximum Total Contingent Liability Annually - $10,000,000 Notes to accompany " Statement of Cash Flow from Operations" (a) The format of this cash flow statement is in accordance with the payment priorities as established by the Bond Resolution 1788.

. The payment priority' scheduled for funos realized from operations is as follows:

First Priority

Operation and maintenance expenses and payments in lieu of taxes.

Second Priority: Debt service (principal and interest) on all outstanding bonds. , ,

Third Priority: Ali other valid corporate purposes. These purposes would include construction, nuclear fuel, working capital, and any other use of the funds to provide for an on-going utility business.

The payment of any funds for the NRC guarantee would fall into the third priority.

(b) Interest collections have been normalized to reflect only the types of interest collections from normal on-going funds and do not reflect any interest collections made from special construction funds.

(c)- Operating and Maintenance Expenses and Payments in Lieu of Taxes have first priority on the use of funds derived from operating revenues.

(d) Debt Service Payments have second priority on the use of funds derived from operating: revenues.

(e). These funds represent .the internal cash flow available for all other corporate purposes and have third priority on funds derived from operating revenues.

Supplementary General Statements:

The following statements are offered to explain some of the District's options and capabilities with respect to its financial management.

The Dictrict maintains a working fund balance of approximately $20 million in addition to special construction and restricted funds.

The District currently has a $30 million revolving credit agreement with a group of banks, and does have access to the long term municipal bond market on fairly short notice.

The District's Board of Directors is empowered to establish electric rates.

The State of Nebraska does not have a public utility commission.

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'0MAHA PUBLIC POWER DISTRICT-la) -1981/82 STATEMENT OF CASH FLOW FROM OPERATIONS FORT CALHOUN POWER STATION UNIT N0. 1 (Dollars-in Thousands)

ACTUAL PROJECTED

~ 12 Months 12 Months

. Ended 5-31-81 Ended 6-30-82 Operatir.g Revenues. $ 223,120- $ 244,087 Interest Receipts-(b) 9,480 8,761

. Total Cash Receipts $ 232,600 $ 252,848 Less: Operating Expenses (c) 117,294 143,073 Payments in Lieu of Taxes (c). 6,191 6,667 Funds Available'for Debt Service $ 109,115 $ 103,108 Less: Debt Service Paymencs -(d) 59,274 59,513 l

. Funds Available for Other Valid Ccrporate Purposes (e) $ 49,841 $ 43,595 Average Quarterly Cash Flow 5 12,460 $ 10,899

Percentage Ownersh1p - Fort Calhoun Power Station Unit No.1 - 100%

Maximum Total Contingent Liability Annually - $10,000,000 i

Notes to accompany " Statement of Cash Flow from Operations" (a) The format of this cash ficw statement is in accordance with the payment priorities as established by the Bond Resolution 1788. ,

The payment priority scheduled for funds realized from operations '

is as follows

First Priority: Operation and maintenance expenses and payments in lieu of taxes.

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Second Priority: Debt service (principal and interest) on all outstanding bonds.

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Third Prior'ity: All. other valid corporate purposes. These purposes would include construction, nuclear  ;

- fuel, working capital,L and any other use of the funds to provide for an on-going utility business.

The payment of any funds for. the NRC guarantee would fall into the third priority.

(b)- Interest collections have been normalized to reflect only the.

types of. interest collections fran normal on-going funds and do not reflect any interest collections made from special construction funds.

(c). Operating and Maintenance Expenses and Payments in Lieu of Taxes t

! have first priority on the use of funds derived from operating

-revenues.

_(d) Debt 1 Service Payments have second priority on the use of funds derived from operating revenues.

(e) These . funds represent the internal cash flow available for-all other corporate purposes and have third priority on funds derived.from ~

,. operating revenues.

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' Supplementary Ge'neral Statements:

i

.The following statcments are offered to explain some of the District's -

- options and capabilities with respect to its findncial management.

The District maintains a working . fund balance of'approximately $20

million in addition to special ~ construction and restricted funds.

4 The' District currently has a $30 million revolving' credit agreement-I' . with a group of banks, ~and Joes have access to the long term municipal

. . band market on fairly short notice.

The District's Board of Directors is . empowered to establish electric '

rates.

The State of Nebraska does not have a public utility commission.

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