ML20005B421
| ML20005B421 | |
| Person / Time | |
|---|---|
| Site: | Haddam Neck File:Connecticut Yankee Atomic Power Co icon.png |
| Issue date: | 06/29/1981 |
| From: | Oconnor L CONNECTICUT YANKEE ATOMIC POWER CO. |
| To: | Dinitz I, Saltzman J Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8107080205 | |
| Download: ML20005B421 (4) | |
Text
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O CONNECTICUT YANKEE ATOMIC POWER COMPANY BERLIN. CO N N ECTIC U T P. O. BOX 270 H ARTFORD. CONNECTICUT 06101 Ta t s pesose s 203-668-6911 June 29, 1981 m
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G 01 Mr. Jerome Saltzman, Chief Q
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Q' (k Antitrust & Indemnity Group b
/1 Office of Nuclear Reactor Regulation Nuclear Regulatory Commission hv
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Washington, DC 20555
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ATTN:
Mr. Ira Dinitz, Indemnity Specialist q,.,
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e Gentlemen:
V dh RE:
Docket No. 50-213 With respect to the above referenced docket, we are providing herewith the estimated 1981 cash flows for Connecticut Yankee Atomic Power Company and its sponsor companies.
I believe that the cash flows of the Company and its sponsor companies together are adequate to meet this Company's potential retrospective premium requirements under the 1975 amendments to the Price Anderson Act.
If you have any questions on the enclosed materials, do not hesitate to contact me.
Very truly yours, eonard A. O'Connor Treasurer LA0/jec Enclosures OY (A OJ ih 9107080205 810629 h PDR ADOCK 05000213i J
PDRp
l CONNECTICUT YANKEE ATOMIC POWER COMPANY Estimated Cash Flow l
1981 (In Thousands)
Quarter Ended March 31 June 30 September 30 December 31 Total Internal Funds Net Income 819
$ 1,881
$ 2,035
$ 2,043
$ 6,778 Depreciation 1,626 2,403 2,400 2,403 8,832 Fuel Amortization 5,755 5,816 5,882 3,126 20,579 Tax Accruals 2,191 3,532 3,612 3,280 12,615 Dividends (700)
(700)
(700)
(700)
(2,800)
Tax Payments (794)
(876)
(1,670)
Pro-Forma Cost Assessment under Power Contract for Retrospective Premium Payable within 60 days by Customer-Stockholder (See Schedule A) 10,000 10,000 10,000 10,000 40,000 Total Pro-Forma Internal Cash Flow 18,897 22,932 22,353 20,152 84,334 Other Sources - Net (9,763)
(1,274)
(813)
(736)
(12,586)
External Financing - Net 23,275 (4,820)
(1,971) 43,681 60,165 Total Funds From All Sources
$32,409
$16,838
$19,569
$63,097
$131,913 Cash Requirements Construction Expend..tures
$ 6,136
$ 6,366
$ 7,696
$ 7,450
$ 27,648 Nuclear Fuel Purchases 15,800 3,800 19,600 Debt Maturities 473 472 1,873 41,847 44,665 Pro-Forma Retrospective Premium 10,000 10,000 10,000 10,000 40,000 Total Cash Requirements
$32,409
$16,838
$19,569
$63,097
$131,913 I hereby certify that I am Treasurer of Connecticut Yankee Atomic Power Company and this statement fairly represents the estimated Cash Flow of this Company for the year ended Decembar 31, 1981.
L/
Leonard A. O'Connor Treasurer
1 Schedule A 1 of 2 CONNECTICUT' YANKEE ATOMIC POWER COMPANY Estimated Cash Flow
. Stockholders 1981 (In' Thousands)
New Conn.
Central Hartford Western
-England Light &
-Boston
-Maine Electric Mass.
Power Power Edison Power Light-Electric Co.
Co.
Co.
Co.
Co.
Co.
Internal Funds Net Income'
$ 69,000
$ 69,444
$ 81,123
$ 36,400
$ 42,483
$ 24,744-Depreciation 37,000
'56,733 68,195 23,300 27,920 15,743 Deferred Income Taxes and Investment Tax Credits - Net 28,000 5,984
-36,767 8,700 5,676 8,116 Allowance for Funds Used During Construction (37,000)-
(33,882)
(41,720)
(17,900)
(16,290)
(10,680) t Dividends (64,000)
(66,743)
(.,920)
(33,900)
(35,221)
(18,760)
Other Internal Sources - Net Total Internal Cash Flow 33,000 31,536 81,445 16,600 24,568 19,163 Other Sources - Net 39,183 21,670 17,308 External Financing - Net 154,000 136,215 43,983 18,100-Total Funds from All Sources
$187,000
$206,934
$ 81,445
$ 16,600
$ 90,221
$ 54,571 Aserage Quarterly Cash Flow
$ 46,750
$ 51,734
$ 20,361
$ 4,150
$ 22,555-
$ 13,643 Percentage Ownership in Nuclear Operating Plants Connecticut Yankee 15.0 25.0
.9.50 6.0 9.5 9.5 Other Operating Nuclear Plants 70.0 135.0 83.77 51.5 73.0 50.5 Total Percentage Ownership 85.0 160.0 93.27 57.5 82.5 60.0 Maximum Premium Assessment S 8,500
$'16,000
$- 9,327
$ 5,750
$ 8,250
$ 6,000
-Schedule A 2 of 2 CONNECTICUT YANKEE ATOMIC POWER COMPANY Estimated Cash Flow - Stockholders 1981 (In Thousands)
Public Central Service Cambridge Vermont-Co. of Montaup United Electric Public New-Electric Illuminating Light Service llampshire
'Co.
Company Co.
Corp.
Total Internal Funda Net Income
$ 83,159
$ 12.260
$ 43,891
$ 931
$12,007
$ 475,442 Depreciation 28,221 5,883 24,059 2,028 3,805 292,887 Deferred Income Taxes and Investment Tax Credits - Net (3,834) 6,312 5,920 1,162 3,964 106,767 Allowance for Funds Used During Construction (46,579)
(12,324)
(28,351)
(60)
(2,676)
(247,462)
Dividends (64,034)
(8,307)
(36,690)
(931)
(8,303)
(399,309)
Other Internal Sources - Net 4,481 (115)
(341)
(1,558) 2,467 Total Internal Cash Flow 1,414 3,709 8,629 2,789 7,239' 230,292 Other Sources - Net (19,460) 58,701 External Financing - Net 138,402 35,000 107,223 3,700 19,499 656,122 j
Total Funds from All Sources
$139,816
$ 38,709
$ 96,592
$6,489
$26,738
$ 945,115 Average Quarterly Cash Flow
$ 34,954
$ 9,677
$ 24,148
$1,622
$ 6,685
$ 236,279 Fercentage Ownership in Nuclear Operating Plants 3
(
l Connecticut Yankee 5.0 4.5 9.5 4.5 2.0 100.00 Other Operating Nuclear Plants 16.0 11.0 8.1 40.5 539.37 Total Percentage Ownership 21.0 15.5 9.5 12.6 42.5 639.37 Maximum Premium Assessment S 2,100
$ 1,550 950
$1,260
$ 4,250
$ 63,937
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