ML20046B092

Forwards 1993-94 Statement of Cash Flow from Operations as Guarantee of Payment of Deferred Premiums for Period of 930630-940630

ML20046B092
Person / Time
Site:	Fort Calhoun
Issue date:	07/26/1993
From:	Gates W OMAHA PUBLIC POWER DISTRICT
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
LIC-93-184, NUDOCS 9308030086
Download: ML20046B092 (3)

Text

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I Omaha Pubile Power District 444 South 16th Street Ma!!

Omaha, Nebraska 68102-2247 402/636-2000 July 26, 1993 LIC-93-184 l

U. S. Nuclear Regulatory Commission 1 Attn: Document Control Desk i Mail Station PI-137 l Washington, DC 20555

Reference:

Docket No. 50-285 l Gentlemen:

SUBJECT:

Guarantee of Payment of Deferred Premiums: June 30, 1993 to June 30, 1994 In compliance with 10 CFR Part 140.21, the Omaha Public Power District files

the attached "1993/1994 Statement of Cash Flow from Operations" as its guarantee of payment of deferred premiums for the period of June 30, 1993 to June 30, 1994 The cash flow statement deviates slightly from the format of NRC Regulatory Guide 9.4 because the District is a political subdivision of the State of Nebraska. However, the pertinent information identified in i Regulatory Guide 9.4 is provided. A copy of Bond Resolution 1788, which established the payment priorities listed on the cash flow statement, was filed with our 1979 guarantee report.

If you should have questions, please contact me.

Sincerely,

n. 2 214.,.

W. G. Gates Vice President WGG/pjc Attachment

, c: LeBoeuf, Lamb, Leiby & MacRae J. L. Milhoan, NRC Regional Administrator, Region IV S. D. Bloom, NRC Project Manager R. P. Mullikin, NRC Senior Resident Inspector Ira Dinitz, U.S. Nuclear Regulatory Commission

'9308030086 PDR 930726 O ADOCK05000285f, I

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4 OMAHA PUBLIC POWER DISTRICT FORT CALHOUN POWER STATION UNIT NO. 1 1993/1994' Statement of Cash Flow From Operations (a)

(Dollars in Thousands)

Actual Projected 12 Months 12' Months ended 5/93 ended 6/91 Operating Revenues $382,012 $422,713-Interest Receipts (b) 6.451 8.786 Total Cash Receipts .388,463 431,499 Less: Operating Expenses (c) 228,700 263,382 Payments in Lieu of Taxes (c) 13.923_ 15,585 Funds Available for Debt Service 145,840 152,532 Less: Debt Service Payments (d) 71.767 78.413 Funds Available for Other Valid Corporate Purposes (e) 74,073 74,119 Average Quarterly Cash Flow 18,516 18,530 Percentage Ownership - Fort Calhoun Power Station Unit No. 1 - 100%

f Maximum Total Contingent Liability Annually - $10,000,000 Notes:

(a) The format of this cash flow statement is in accordance with the payment priorities as established by the Bond Resolution 1788.

The payment priority scheduled for funds realized from operations is as follows:

First Priority: Operations and maintenance expenses and payments in lieu of taxes.

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o Second Priority: Debt service (principal and interest) on '

all outstanding bonds. I l

Third Priority: All other valid corporate purposes. 1 These purposes would include  !

construction, nuclear fuel, working j capital, and any other use of the funds l to provide for an ongoing utility l l

business. The payment of any funds for l l the NRC guarantee would fall into the l l third priority. I I

(b) Interest collections have been normalized to reflect only the j types of interest collections from normal ongoing funds and do not reflect any interest collections made from spe al construction funds.

(c) Operating and Maintenance Expenses and Payments in Lieu of Taxes have first priority on use of funds derived from operating revenues.

(d) Debt Service Paymente have second priority on the use of funds derived from operating revenues.

(e) These funds represent the internal cash flow available for all other corporate purposes and have third priority on funds derived from operating revenues.

Supplementary General Statements:

The following statements are offered to explain some of the District's options and capabilities with respect to its f.nancial management.

The District maintains a working fund balance of approximately

$20 million in addition to special construction and restricted l funds.  !

The District's Board of Directors is empowered to establish electric rates.

The State of Nebraska does not have a public utility commission.

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