ML20009G197

Response to Request for Financial Info - OL Stage

ML20009G197
Person / Time
Site:	Palo Verde
Issue date:	07/31/1981
From:	LOS ANGELES DEPT. OF WATER & POWER
To:
Shared Package
ML17297A623	List: ML17297A622 ML17297A625 ML17297A627 ML20009G197
References
NUDOCS 8108030417
Download: ML20009G197 (18)

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l SECTION 1 LOS ANGELES DEPARTMENT OF WATER AND POWER Question 1.

Describe the nature, amount, ratings and success

[ of each municipal applicant's most recent revenue and gen-eral cbligation bond sales. Indicate the current total out-

standing indebtedness in;each category for each entity.

i Answer:

Refer to the ~ answer to Question 3 in Section 1 of the "Palo Verde Nuclear Generating Station Units 1, 2 and 3 (Docket Nos. STN 50-528/529/530), Financial Information In 1

Support of Application for Amendment to Construction Pel. nits i Nos.-CPPR-141, CPPR-142 and CPPR-143" (hereinafter referred 4

to as " Financial Information Regarding .LADWP and SCPPA").

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! Provide copies of the-official statement for the

!; most recent bond issue. Provide copies of the preliminary

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Answer:

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! Refer to the answer to Question 4 in Section.1 of the Financial Information Regarding LADWP and SCPPA. i 1.

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i Question 3.

O IU Provide copies of the most recent armual financial?

1. report.and the most recent . interim. financial statements.

l Continue to submit copies of the annual financial report for

each-year thereafter, as required by 10'CFR 50.71(b).

i Answer:

Refer to the answer to Question 5 in Section 1 of.

( the Financial Information Regarding LADWP and SCPPA.~

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Question 4.

4 Is each participant's percentage-ownership share -

in the facility equal to its percentage entitlement in the

. electrical capacity.and output of the plant?. If not, explain

. the difference (s) and any resultant effect on any partici-pant's obligation to provide its share .of operating cost.

Answer:

Refer to the answer to Question 6 in Section 1 of 4

i the Financial Information Regarding LADWP and SCPPA.

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l Question 5.

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Describe the rate-setting authority of each muni-cipal' applicant and licw that authority may be used to ensure l

the satisfaction of financial obligations related to operat-L ing costs and eventual shutdown costs . of the facility. De-

! scribe any restrictions on such rate-setting authority and l

how this may affect the applicant's ability to satisfy its obligations to the . project. Describe the nature and amount of each municipal applicant's most recent rate relief action and the anticipated - effect on revenue. Indicate the nature and amount of any pending rate relief action (s).

Answer:

Refer to the answer to Question 7 in section 1 of the Financial Information Re.garding LADWP and SCPPA.

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guestion 6.

i If a ~ membership organization is participating in

the - joint ownership, explain the contractual arrangement I among the members that assures that funds will be available j to meet the entity's obligations to' .the project. Previde

copies of the power sales contract.

i j ' Answer:

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,. Question 7.

x- Dbscribe the applicant's plan for financing its I share of tlle cost of eventual shutdown of the facility and I i

maintenance in a safe shutdown condition.

Answer:

The cost of permanently shutting down the facility and maintaining it in a safe condition will be shared by LADWP in proportion to its Generation Entitlement Share, as defined in the ANPP Participation Agreement. However, ulti-mate plans and policies for the shutdown of PVNGS have not been finalized and, therefore, no method of financing has been determined at this time by LADWP respecting its share of such cost. Eventual implementation of a financing plan will require approval by LADWP's rate-setting authority. ,

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-l SECTION 2 l SOUTHERN CALIFORNIA-PUBLIC POWER' AUTHORITY.

i Question 1..

Describe'the nature, amount, ratings and success of each. municipal-applicant's-most recent revenue and gen-eral obligation bond sales. Indicate the' current total.out-standing indebtedness in each category for each entity.

. . Answer: '

-Refer to the answer _to Question 3 in Section 2 of the Financial Information Regarding LADWP and SCPPA.

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l ~. Provide copies of the official statement for the i most recent bond issue. Provide copies _ of the preliminary j . statement for any pending security issue.

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} Refer .to the answer' to Question' 4 la Section 2 of l the Financial Information Regarding LADWP and SCPPA.

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! Provide copies of the most recent annual: financial

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j. Continue to ~ submit copies of the amlual ' financial report - for-i each year thereafter as required' by 10 CFR 50.71(b).

2 Answer:

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, Refer to the answer to Question 5 in Sec'cion 2 of i the Financial Information Regarding LADWP'and SCPPA.

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V Is each participant's percentage ownership share l in the facility equal to its percentage entitlement in the i electrical capacity'and output of the plant? If not, ex-plain the difference (s) and any resultant effect on any par-j ticipant's obligation to provide its share of operating

costs.

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Refer to the answer to Question 6 in Section 2 of

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Question 5.

\s,) Describe 'the rate-seu.ing' authority of each muni-

.cipal applicant and how that authority may be used to ensure l the satisfaction of financial obligations relating to op-L erating costs and eventual shutdown costs of the facility. l Describe any restrictions on such rate-setting authority and how this may affect the applicant's ability to satisfy its oblf.gations to the project. Describe the nature and amount of each municipal applicant's most recent rate relief action and the anticipated effect on revenues. Indicate the nature and amount of any pending rate relief action (s).

Answer:

Refer to the answer to Question 7 of the Financial Information Regarding LADWP and SCPPA.

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~If a. membership organization' is participating in  !

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j copies of the power sales contract.

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-Refer to the answer to Question 10 in Section 2 of-j the Financial Information Regarding LADWP and SCPPA.

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i f Question 7.

Describe the applicant's plan for financing its shade of the cost of eventual shutdown of the facility and maintenance in a safe shutdcwn condition. .

Answer:

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,r SCPPA is currently studying several methods of

' financing to determine which of such methods it should adopt to finance its share of the costs of eventual shutdow:. and maintenance of PVNGS. A principal factor in thic deter-mination is that those electric customers who benefit from use of PVNGS should also bear the cost of the shutdown of PVNGS. It is also the intention of SCPPA to comply with the regul& tory requirements of all governmental authorities

, having jurisdiction to regulate decommissioning cost re-

covery.

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