ML20008E416
| ML20008E416 | |
| Person / Time | |
|---|---|
| Site: | Yankee Rowe |
| Issue date: | 03/13/1967 |
| From: | Westwood A YANKEE ATOMIC ELECTRIC CO. |
| To: | |
| References | |
| YA-194, NUDOCS 8101070021 | |
| Download: ML20008E416 (5) | |
Text
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YANKEE ATOMIC ELECTRIC COMPANY 7
.Y_ M.
441 STUART STREET. BOSTON 16, MASSACHUSETTS March 10, 1967 Sunnary of the Ancunt and Tvoe of Financial Prote.9 tion in Effect aj Decenter L 1966 Pursuant to Secticn 170 of the Atenic Enerri Act As of Decer.ber 31, 1966, Yankee Atenic Hectric Cenpany naintained financial protecticn in the amount of $7h,000,000 under the following policies issued by the Nuclear Feiergy Liability Insurance Ar ociation and the Matual Atonic Energy Liability Underwriters: NELIA Policy IT/6 and MAELU Policy MF-26.
Copies of the foregoing policies and endorsenents to date have been filed witu the Cennissien.
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YAMKEE ATOMIC ELECTRIC COMPANY Balance Sheet--Year Ended December 3 1966 Liabilities and other Credits Assets and Other Debits Utility Plant
$h0,hCrl,921 Proprietary capital:
Cmmon stock issued 153,h00 shares par value $100 per share
$15,3h0,000 Less accumulated provision for Capital stock expense (30,788) depreciation and amortization 10,338, h00 Earned surplus h,731,279 Net utility plant
_30,069,521 Total proprietary capital 20, ot:0, h9_1 Long-term debt:
Bonds--Pirst mortgage sinking fund bonds, Series A, 5%, due Jan.1,1982 9,570,000 Current and accrued liabilities:
Current and accrued assets:
Cash 1,023,828 Accounts payable 128,672 Working funds 1,000 Taxes accrued h35,6h8 Accounts receivable 1,301,903 Tax collections payable 9,252 Material and supplies 2,889,3h6 Miscellaneous:
Prepayments 322,761 Accrued uranium -use charge 268,8hh Total current and Accrued shipping and reprocessing accrued assets 5, $38,838 costs of nuclear materials 1, 052,7 01 Other 7,313 Total current and accrued liabilities 1,902,L30 Deferred debits:
Deferred credits:
Unamortized debt expense 112,680 Shipping and reprocessing costs of Other 78,982 nuclear material 11h,600 Total deferred debits 191,662 Accumulated deferred income taxes:
Liberalized depreciation h,172,500 Total assets and other debits
$35,800,021 Total liabilities and other credits
$35,800,021
i YANKEE ATOMIC ELECTRIC COMPANY Statement g Income and Earned Surplus--Year Ended December 31, 1966 Utility operating income:
Operating revenues
$10,361,929 Operating expenses:
Operation expenae b,9hl,201 Maintenance expense 590,228 Depreciation expense 1,978,307 Amortization of other electric plant 11,378 Taxes other than income taxes 25h,0h8 Income taxes--federal h00,300 Provision for deferred income taxes hh6,h00 8,621,862 Total operating expenses Total utility operating income 1,7ho,067 Other income:
Interest income (net) 35.786 Total incate 1,775,853 Miscellaneous income deductions:
Miscellaneous amortization 6,8h2 Other income deductions 3,925 Total income deductions 10,767 Income before interest charges 1,765,086 Interest charges:
Interest on long-term debt 635,1hh Amortization of debt expense 13,185 Interest charged to construction (98)
Total interest charges 6h8,231 Net Income 1,116,855 Earned Surplus Balance beginning of period 3,657,2m Balance transferred from income 1,116.f Miscellaneous debita to surplus
( h'.,
Balance end of period h,731,279 9