ML20003B902

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Forwards Request for Addl Financial Info by 810301 to Enable NRC to Complete Review of OL Application
ML20003B902
Person / Time
Site: Waterford Entergy icon.png
Issue date: 02/05/1981
From: Tedesco R
Office of Nuclear Reactor Regulation
To: Aswell D
LOUISIANA POWER & LIGHT CO.
References
NUDOCS 8102260091
Download: ML20003B902 (7)


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Docket File ASchwencer BCC: ACRS (16)

NRC PDR SKebiusek NSIC Local PDR MService

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RPurple RTedesco fecket flc. EP-?PP FEB 5 1981 m

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!-r. P. L. Aswell 7

Vice President, Pcwcr o ce'ucticn r

Lcuisiana Pcwer A Liett Ccrpary

, si la2 Delarende Street U

7CDJ]mg th Crleane, Lcuistara 7017A t.s.

Y ed Lear Fr. Aswell:

V l'i_d:t\\<'p' SLEJECT: Ceccest for Ar'ditional Inferratice Pe have veternired + Fat certain adriitional inferration is recuired in order to rer-it us tn ccrpleta cur review of ynor application fer an creratino license for Katerford Steam Electric Staticn, Unit 3.

The encicsed recuests fcr additional ficarcial information were prepared by the Utility Firanace Brarch.

Ycur response to these recuests should be provided not later than Parch 1, 1F81. If ycu cannet meet this schedule or recuire any clarification, please centact the staff's assionec profect manacer.

Sincerely, Original signed by Petert L. Tedesce, Assistant Directre for Licensine Division of Licensien Enciesure:

Reccest for Additional Inferration ec w/ enclosure:

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Mr. D. L. Aswall Vice President, Power Production Louisiana Power & Light Company 142 Delaronde Street New Orleans, Louisiana 70174 W. Malcolm Stevenson, Esq.

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Monroe & Lemann 1424 Whitney Building New Orleans, Louisiana 70130 Mr. E. Blake Shaw, Pittman, Potts and Trowbridge 1800 M Street, N. W.

Washington, D. C.

20036 Mr. D. B. Lester Preduction Engineer Louisiana Power & Light Company 142 Delaronde Street New Orleans, Louisiana 70174

- Lyman L. Jones, Jr., Esq.

Gillespie & Jones 910 Security Homestead Building 4900 Veterans Memorial Boulevard Metairie, Louisiana 70002 Luke Fontana, Esq.

Gillespie & Jones 824 Esplanade Avenue New Orleans, Louisiana 70116 7

Stephen M. Irving, Esq.

One American Place, Suite 1601 Baton Rouge, Louisiana 70825 Resident Inspector /Waterford NPS' 7

P. O. Box 822 Killona, Louisiana 70066 e

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WATERFORD GENERATING STATION, UNIT NO. 3 00CKET NO. 50-382 REQUEST FOR ADDITIONAL FINANCIAL INFORMATION 1.

a.

Indicate the estimated annual cost by year to operate the subject facility for the first five full yeacs of the 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 five year period.) Indicate the projected plant capacity factor (in percent) for the unit during each of the above years. Provide separate estimates using 50 percent and 60 percent plant capacity factors.

b.

Indicate the unit price per kWh experienced by the applicant on system-wide sales of electric power to all customers for the most recent 12-month period.

2.

Indicate the estimated cost of permanently shutting down the facility, stating what is included in such costs, the assumptions 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 the shutdown facility in a safe condition. Indicate what is included in the estimat6, assump-tions made in estimating costs, and the intended source of funds to cover these costs.

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4.

I Provide the following for both LP&L and Middle South:

Copies of the prospectus for the most recent security issue and copies of the most recent SEC Form 10-K and 10-Q.

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).

5.

Describe aspects of the regulatory environment incl ~ ding, but not u

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 investment tax credits; fuel adjustment clauses in effect or proposed; historical, partially projected, or fully projected test year.

6.

Describe the nature and amount of the 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 copies of the hearing examiner's report and recommenda-i tion, and final opinion last issued, including all financially related exhibits referred to therein.

7.

Complete th enclosed form entitled, " Financial Statistics," for the most recent 12-month period and for the calendar years 1930 and 1979.

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ATTACRMENT FOR ITEM NO. 1.a.

ESTU!ATED ANWAL COST OF OPERATING NL* CLEAR CENERATING UNIT:

FOR THE CALE: CAR IT.AR 19 (thousands of dollars)

Operstien and maintenance erocuses Nuclear potter generation Nuclear fuel expense (plant factor

%)...............

Other operating erpenses...................................

Kakatenance expenses.......................................

To tal nuclear power generation.................

Transmission expenses........................................

Administrative and general expenses Property and liability insurance...........................

O t he r A. & G. exp ens e s.......................................

Total A.&G.

expenses..................................

TOTAL 0&M EXPEN5ES....................................

1 Depr ecia tion exp ens e.........................'..................

Taxes other than income taxes Property taxes..............

0ther........................................................

To tal taxes other than income taxes...................

I nc o me t ax e s - F e d e ra 1.........................................

Inco me tax e s = o th4 r...........................................

Deferred income taxes - net....................................

Investment tax credit adj ustments - net........................

Return (rate of return:

%)............................

TOTAL A:CMAL COST OF OPERATION e

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ATTACN>.ENT FOR ITEM i;0. J5 l

RATE DEVELOPMENTS 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 common equity authorized Revenue Effect (000's)

Amount received in year granted Amount received in subsequent year (If not available, annualize amounts receivedinyeargranted)

Pending Requests Test year utilized Amount (000's)

Percent increase Date petition filed Date by which decision must be issued Rate of return on rate base requested Rate of return on common equity requested Amount of rate base requested Amount of construction work in progress requested for inclusion in rate base 4

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ATTACH :E!;T FtR ITEM f 0.

7 FI!;ANCIAL STATISTICS ~

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12 months' endea 1980

- ~ ~ 1979

__(di)Tlars in miliionsT Earnings available to common equity Average common equity Rate of return on average common equity Times total interest 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 + icng-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.

AFU0C Net income after preferred dividends Market price of common Book value of common Market-book ratio (end of period)*

Earnings avail for common less AFDC +

depreciation and amortization, deferred taxes, and invest tax credit adjust.-

deferred.

Common dividends Ratio Short-term debt Bank loans Cox.T.ercial. paper

Capitalization (Amount & Percent)

Long-term _ debt Preferred stock Common' equity-

  • If _ subsidiary cca:pany, use parent's data.

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