ML20040B086
| ML20040B086 | |
| Person / Time | |
|---|---|
| Site: | Midland |
| Issue date: | 01/04/1982 |
| From: | Tedesco R Office of Nuclear Reactor Regulation |
| To: | Jackie Cook CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.) |
| References | |
| NUDOCS 8201250123 | |
| Download: ML20040B086 (8) | |
Text
. -
4 j
~
1 e
DISTRIBUTION:
Docket Nos: 50-413/414 g, 5962 LB #4 r/f DEisenhut RMattson i
EAdensam RHartfield, MPA Docket hos: 50-329 DHood OELD and 50-330 MDuncan OIE (3) j i
SHanauer bcc: TERA RTedesco Local PDR
)>
RVollmer NRC PDR A NQIC/ TIC TMurley j
Mr. J. W. Cook RHernan S
ACR (16) b[ RdC E,'M y' Vice Prastuent WJensen N
l Consumers Power Conpany 59-
]
1945 W. Parnall Road 3
I Jackson, Michigan 49201 D
JAN 51982> ;
a
,ca y gcme n
.m /.,
r[
- L N"
i
Dear Mr. Cook:
i,(.
/
3~
i
Subject:
Request for Additional Information on Midland Plant, /be [
]
Units 1 and 2
'#I'N The NRC Staff is actively reviewing the Final Safety Analysis Report (FSM) for the Midland project and is in the process of finalizing input for the Safety Evaluation Report (SER).
In the course of this review, the Office of State Prograus has identified additional information regarding financial qualifications to operate the facility which is necessary in order to conplete the review and prepare a Safety Evaluation Report. The enclosure to this letter identifies the specific additional information which is needed at this tiue to continue the review.
Please supply the additional information within 30 days of receipt of this letter.
Should you have any questions on the attached, contact Mr. Ronald Hernan at (301) 492-8395 or Mr. Darl Hood at (301) 492-8474.
The reporting and/or recordkeeping requi enents contained in this letter affect fewer than ten respondents; therefore, OED clearance is not required under P.L.96-511.
Sincerely.
Original signed by gobert L. Tedesoe Robert L. Tedesco, Assistant Director for Licensing Division of Licensing
Enclosure:
As stated cc:
See next page 8201250123 820104 PDR ADOCK 05000329 A
PDR Q
cw omcap
..DL:LB..#.4......LA:DL:.L
.DI..:1.B...M....
... AD.
RHernan/hmc MDuncan
'EAdensam RT,
,sco,,,,,
sunnue)
....../..@...y61
. 12../.2..%../. 8..).....
,..12 /J..S../. 81 12
...../.M..../.81 12
- m.,
enc ronu sis oo-soi nacu oso OFFICIAL. RECORD COPY usoeo: mi--m-m
o MIDLAND Mr. J. W. Cook Vice President Consumers Power Conpany 1945 West Parnall Road Jackson. Michigan 49201 cc:
Michael I. Miller. Esq.
Mr. Don van Farrowe, Chief Ronald G. Zamarin. Esq.
Division of Radiological Health Alan S. Farnell Esq.
Department of Public Health Isham, Lincoln & Beale P.O. Box 33035 Suite 4200 Lansing. Michigan 48909 1 First National Plaza Chicago, Illinois 60603 William J. Scanlon. Esq.
2034 Pauline Boulevard James E. Brunner. Esq.
Ann Arbor Michigan 48103 Consumers Power Company 212 West Michigan Avenue U.S. Nuclear Regulatory Commission Jackson. Michigan 49201 Resident Inspectors Office Route 7 Myron M. Cherry. Esq.
Midland. Michigan 48640 1 IBM Plaza Chicago Illinois 60611 Ms. Barbara Stamiris 5795 N. River Ms. Mary Sinclair Freeland. Michigan 48623 5711 Summerset Drive Midland. Michigan 48640 Mr. Paul A. Perry, Secretary Consumers Power Conpany Stewart H. Freeman 212 W. Michigan Avenue Assistant Attorney General Jackson Michigan 49201 State of Michigan Environmental Protection Division Mr. Walt Apley 720 Law Building c/o Mr. Max Clausen Lansing. Michigan 48913 Battelle Pacific North West Labs (PNWL)
Battelle Blvd.
Mr. Wendell Marshall SIGMA IV Building Route 10 Richland. Washington 99352 Midland, Michigan 48640 Mr. I, Charak. Manager Mr. Roger W. Huston NRC Assistance Project Suite 220 Argonne National Laboratory 7910 Woodmont Avenue 9700 South Cass Avenue Bethesda. ' Maryland 20814 Argonne. Illinois 60439 Mr. R. B. Borsum
.32,
~ - ' '
Nuclear Power Generation Diviston,
Babcock & Wilcox
.:y._
7910 Woodmont Avenue. Suite'220 Betnesda, Maryland 20814 t
REQUEST FOR FINANCIAL INFORMATION 1.
a.
Indicate the estimated annual co::t by year to operate each unit cf the subject facility for the first seven full years of each unit's commercial operation.
The types of costs included in the estimates should be indicated and include (but not necessarily be limited to) operatinn and maintenance expense (with fuel costs shown separately), depreciation, taxes and a reasonable return on investment.
(Enclosed is a form which should be used for each year of the seven year period.)
Indicate the projected plant capacity factor (in percent) for each unit during each of the seven years.
Provide separate estimates using 50 percent and 60 percent plant capacity factors.
b.
Indicate the unit. price per kWh experienced by each applicant on system-wide sales of electric power to all customers for the most recent 12-month period.
2.
Indicate the estimated costs of permanently shutting down each unit of the facility, stating what is included in such costs, the assumptions
%M.*
5 4
{
t
[
I
a 2
o made in estimating the costs, the type of shutdown contemplated, and the intended source of funds to cover these costs.
3.
Provide an estimate of the annual cost to maintain each unit of the shutdown facility in a safe condition., Indicate what is included in the estimate, assumptions made in estimating costs, and the intended source of funds to cover these costs.
4.
If the facility is jointly-owned provide copies of the joint participation agreement setting forth the procedures by which the applicants will share operating expenses and decommissioning costs.
The following financial information is required for each investor-owned participant:
5.
Provide copies of the prospectus for the most recent security issue and copies of the most recent SEC Form 10-X and 10-Q.
Provide copies of the preliminary prospectus for any pending security issue. Submit copies o'f the Annual Report to Stockholders each year as required by 10 CFR 50.71(b).
i i
6.
Describe aspects of its regulatory environment including, but not l
necessarily limited to, the following:
prescribed treatment of 1
l allowance for funds used during construction; rate base (original w
! i'=r-cost, fair value', other); accounting for deferred income' taxes and I
i
-3 '
investment tax credits; fuel adjustment clauser in effect or proposed; historical, partially profected, or fully projected test year.
7.
- Describe the nature and amount of its most recent rate relief action (s). In addition, indicate the nature and amount of any pending rate relief action (s).
Use the attached form to provide this information.
Provide copies of the submitted, financially related testimony and exhibits of the staff and company in the most recent rate relief action or pending action.
Furnish copies of the hearing examiner's report and recommendation, and final opinion last issued with respect to each participant, including all financially related exhibits referred to therein.
8.
Complete the enclosed form entitled, " Financial Statistics," for the most recent twelve-month period and for the previous three calendar years.
9 e
8 4 *W e '
l l
~
tc s
9 0
o 1.a.
ATTACHMENT FOR ITEM fiO.
ESTIMATED ANNUAL COST OF OPERATING NUCl. EAR GENERATING UNIT:
FOR THE CALENDAR YEAR 19 _
(thousanc's of dollars)
Operation and maintenance expenses Huclear power generation
%)...........$
fiuclear fuel expense (plant factor Other operating expenses.....................
Maintenance expenses.......................
Total nuclear power generation.............
Transmission expenses.........................
Administrative and general expenses Property and liability insurance.................
Other A.&G. expenses.......................
Total A.&G. expenses....................
TOTAL 0&M EXPENSES.....................
Depreci ation expense.........................
Taxes other than income taxes Property taxes...........................
Other................................
Total taxes other than income taxes...........
Inccce taxes - Federal........................
Income taxes - other.........................
Deferred income taxes - net.....................
Investment tax credit adjustments - net................
Return (rate of return:
%)...................
TOTAL ANNUAL COST OF OPERATION
,. a.-
=
W n
e <*
s t
d
7 ATTACHMENT FOR ITEM NO.
RATE DEVELOPMENTS Electric Gas Steam Granted Test year utilized Annual amount of revenue increase requested-i test year basis (000's)
Date petition filed Annual amount of revenue increase allowed-o
[
test year basis (000's)
Percent increase in revenues allowed t,
Date of final order Effective date Rate base finding (000's)
[
Construction work in progress included in
[
Rate base (000's)
Rate of return on rate base authorized Rate of return on common equity authorized Revenue Effect (000's)'
Amount received in year granted Amount received in subsequent year (If not available, annualize amounts received in year granted)
Pending Requests Test year utilized Amount (000's)
Percent increase Date petition filed Date by which decision must be issued Rate of return on rate base requested Rate of return on common equity rcouested Amount of rate base requested Amount of construction work in progress requested for inclusion in rate base
+
' ' ' ~
s Y
t
ATTACH'!EtiT FOR ITEM 140.
8 FItW;CIAL STATISTICS
~
12 months' ended
~
(dollars in millions)
Earnings available to common equity Average comon equity Rate of return on average common equity Times total interest earned before FIT:
Gross income (both including and excluding AFDC) + current and deferred FIT + total interest charges + amortization of debt discount and expense Times long-term interest earned before FIT:
Gross income (both including and excluding AFDC) + current and deferred FIT + long-term interest charges + amortization of
~
debt discount and expense Bond ratings (end of period)
Standard and Poor's Moody's Times interest and preferred dividends earned 1
after FIT:
l Gross income (both including and excluding AFDC) + total interest' charges + amortization of debt discount and expense + preferred dividends.
AFUDC Net income after preferred dividends Market price of comon Book value of comon Market-book ratio (end of period)*
Earnings avail, for comon less AFDC +
depreciation and amortization, deferred taxes, and invest. tax credit adjust.-
deferred.
Comon dividends Ratio Short-tem debt Bank loans x
Comercial paper g
Capitalization (Amount & Percent) t Long-tem debt Preferred stock Comon equity
- If subsidiary company, use parent's data.
__