ML20005B425

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Forwards Estimated 1981 Cash Flows for CT Light & Power Co, Hartford Electric Light Co & Western Ma Electric Co.Cash Flows Are Adequate to Meet Potential Retrospective Premium Requirements Under 1975 Amends to Price Anderson Act
ML20005B425
Person / Time
Site: Millstone, Vogtle  Dominion icon.png
Issue date: 06/29/1981
From: Oconnor L
NORTHEAST UTILITIES
To: Dinitz I, Saltzman J
Office of Nuclear Reactor Regulation
References
NUDOCS 8107080209
Download: ML20005B425 (2)


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NOR1MEAST IfTIIJI1ES j i]C]"j'j' 7""** P.O. BOX 270 msnm usw.eurs ruouwwa, HARTFORD, CONNECTICUT 06101 7d7,"y, ,7[,,, p03) NH I

( IsWYW A57 m pli A4 f g acy(ww LEONARD A. O'CONNOR VICE PRESIDENT APED TREASURER June 29, 1981 g@ ! @/ /

Mr. Jerome Saltzman, Chief o's

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Antitrust & Indemnity Group N q Office of Nuclear Reactor Regulation Nuclear Regulatory Commission l

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Washington, DC 20555

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ATTN: Mr. Ira Dinitz, Indemnity Specialist # .. y

_. x Gentlemen: .M @ \\

RE: Docket Nos. 50-425, 336, and 423 With respect to the above referenced dockets, we are providing herewith the estimated 1981 cash flows for The Connecticut Light and Power Company, The Hartford Electric Light Company, ar.d Western Massachusetts Electric Company. The cash flows of those companies in the aggregate are adequate to meet the potential retrospective pr emium requirements for Millstone Units 1 and 2 under the 1975 amendmer.ts to the Price Anderson Act.

If you have any questions on the enclosed materials, do not hesitate to contact me.

Very truly yours,,

Leonard A. O'Cannor Vice President and Treasurer LA0/jec Enclosures i

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8107080209 810629 9 PDR ADOCK 05000336y J

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Q MILLSTONE UNITS 1 AND 2 '

Estimated Cash Flows of Owner - Licensees 1981 (In Thousands)

The llartford Western The Connecticut Electric Massachusetts Light and Power Light Electric Company Company Company Total Internal Funds Net Income $ 69,444 $ 42,483 $ 24,744- $ 136,671 Depreciation 56,733 27,920 15,743 100,396 Deferred Income Taxes and

' Investment Tax Credits - Net _ 5,984 5,676' 8,116 19,776 Allowance for Funds Used During Construction (33,882) (16,290) (10,680) (60,852)

Dividends (66,743) (35,221) (18,760) (120,724)

Total Internal Cash Flow 31,536 24,568 19,163 .75,267 Other Sources - Net 39,183 21,670 17,308 78,161 External Financing - Net 136,215 43,983 18,100 198,298 Total Funds from All Sources $206,934 $ 90,221 $ 54,571 $_351,726 -

Average Quarterly Cash Flow $ 51,734 $ 22,555 $ 13,643 $ 87,932 Percentage Ownership in Nuclear Operating Plants Millstone #1 53.0 28.0 19.0 100.0 Millstone #2 53.0 28.0 19.0 100.0 Other Operating Plants 54.0 26.5 22.0 102.5 Total Percentage Ownership 160.0 82.5 ,,

60.0 302.5 Maximum Premium Assessment $ 16,000 $ 8,250 $ 6,000 $ 30,250 j