ML20003H679
| ML20003H679 | |
| Person / Time | |
|---|---|
| Site: | Crane  |
| Issue date: | 04/30/1981 |
| From: | Hukill H Metropolitan Edison Co |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML20003H680 | List: |
| References | |
| L1L-103, NUDOCS 8105070177 | |
| Download: ML20003H679 (4) | |
Text
_ _ _ _ _ _ _ _ _
e.
e Metropatitan Edison Company
~
f
)
Post Office Box 480 Mjddletown, Pennsylvania 17057
-- 1 a
Writer's Direct Dia' Number April 30, 1981 E
b LIL 103 8
M Office of Nuclear Reactor Regulation 8
i Attn: Jerome Saltzman, Chief SldP 06 t'
Utility Finance Branch E s.
ISSf g T U. S. Nuc1 car Regulatory Commission f,lgrg
/
Washington, D.C.
20555
\\
d
\\ #.:s l] If y M@ /
NTr
Dear Sir:
Three Mile Island Nuclear Station, Units 1 and 2 (TMI-l and TMI-2)
Operating License Nos. DPR-50 and DPR-73 Docket Nos. 50-289 and 50-320 Balance Sheet and Operating Statement Enclosed please find six copies of our submission in accordance with 10CFR 140.21 and showing adequate cash flow for 1980 and forecast data for 1981 to meet the requirement relating to guaranteeing payment of deferred premiums:
1.
A consolidation cash flow forecast for the year 1981 accompanied by underlying assumptions 2.
A certified 1980 Annual Report for Metropolitan Edison Company 3.
A certified 1980 Annual Report for General Public Utility Corporation, and 4.
A certified 1980 Uniform Statistical Report for Metropolitan Edison Company.
l The cash flow forecast accompanying ihis letter indicates that about $61 million (15.25 million per quarter) is expected to be generated inte.mally by Met-Ed during 1981. This indicates that an adequate cash flow woulo be available to l
the Company for payment of retrospective premiums within the year 1981.
Additionally, GPU indicates a consolidation cash flow from internal sources of $328 million for the year 1981 ($82 million per quarter). Therefore, GPU has sufficient quarterly. cash flow to meet its contingent liabil'.ty.
Sincerely, Signed ll.D. Hukill H. D. Hukill Director, TMI-1
/ HDH:LWH:Ima Enclosures e,,,,,,, m M_~ cn-- c-_ sn
r GENERAL PUBLIC UTILITIES Assumed Disposition of Current Base Rate Cases in 1981
($ Millions)
Last allowed ROE Amortization on " recognized" Revenues for Rate Base the Forked Investment (1)
River Investment Base Revenue Increases Jersey Central Annual Award
$ (2)
$27 Effective Date March Met-Ed Annual Award
$35 Effective Date May Penelec Annual Award
$40 Effective Date May (1)
Excludes all capital and operating costs associated with the following investments:
- TMI-1 (until 1/1/82)
- TMI-2
- Deferred TMI clean-up costs
- Unamortized Forked River investment (2)
Jersey Central interim award of $60 million in June 1980 assumed to be retained.
s
(-
l 4
l t
I.-
1 Sources of Funds Internal Sources f
Depreciation Deferred Energy Costs Deferred Taxes Investment Tax Credit, Amortization of Nuclea Change in Working Capi Total Internal Sourc External Sources i
Long Term. Debt l
Preferred Stock Capital Contributions Common Stock Short-Term Borrowings, Total Sources of Fun Application of Funds Construction **
. Refinancing Sinking Fund Total Application of Capitalization LongfTerm Debt Preferred Stock i
Common Equity Total ~
Short-Term Debts Total
- Includes retained earning
- Includes payment of Accru
(<JC - $41; ME - $10; PN -
I
/
\\
4, 5
s I
a GENERAL PUBLIC UTILYTIES CORPORATION & SUBSIDYARIES SOURCE & AfPLICATION OF FUNDS - FORECAST 1981
($ Millions)
.GPU GPU Jersey Consolidated Eliminations Corporation Central Met-Ed Penelec 157 64 41 52 99 48 48 3
25 25 (11) 10 Net (2)
(8) 6 I Fuel 13 13 al & Cash Changes
- 36 (21) 27 (17) 5 s
328 (21) 170 61 76 2 rom GPU Net 14 21 13 (4) 29 ds
$_ 342 180 57 105 322 172 55 95 10 5
5 10 3
2 5
Funds
}_ 3 4 2_
180 57
- 10_S,
$2,145 39 883 542 681 510 202 140 168 1,424 (1,447) 1,424 671 356 420
'$4,079
$ (1,4 4 7 )
$1,463
$1,756
$1,038
$1,269 135 24 67 44 ff,R
$_( 1, 4 4 7 )
.$1,487
_$1,823
$1,082 JA23 d Construction Liabilities
$6) 3/30/81 t
,[
s
GENERAL PUBLIC UTILITIES CORPORATION AND SUBSIDIARY COMPANIES CASH FLOW PROJECTION - 1981 ASSUMPTIONS (1)
See attached schedule for projected 1981 base rate increases.
(2)
Interest rate of 15.5% on additional long-term debt.
(3)
Interest rate of 15% on short-term debt.
3/30/8[
.