ML20050A994
| ML20050A994 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley |
| Issue date: | 03/29/1982 |
| From: | Wushinske R PENNSYLVANIA POWER CO. |
| To: | Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP) |
| Shared Package | |
| ML20050A995 | List: |
| References | |
| NUDOCS 8204020483 | |
| Download: ML20050A994 (1) | |
Text
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s PENNSYLVANIA POWER COMPANY 1 EAST WASHINGTON STREET NEW CASTLE. PA 16103
- 412 652-5531 P. O. Box 891 Direct Dial 412 656-5430 g
A noOERT P. WUSHINSKE M
March 29, 1982 scenevanyannTneasunen ggC6 I
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2 U. S. Nuclear Regulatory Commission 8
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Washington, DC 20555 Attention:
Mr. Jerome Saltzman, Assistant Director
'Is State and Licensee Relations, Office of State Programs p
Subject:
Docket No. 50-334 - Beaver Valley Power Station Unit No. 1 Gentlemen:
Pursuant to our election of alternative No. 5, regarding the Price-Anderson Act retrospective premium system guarantee requirements, and the applicable requirement for annual submittals pertaining to the require-ments, you will find enclosed:
1.
A copy of our 1981 Annual Report to Stockholders which includes financial statements certified by our independent public accountants; 2.
A copy of our earnings statement for the quarter ended December 31, 1981; and 3.
A one-year internal cash flow projection for 1982, and the actual cash flow for 1981. This statement indicated that
$1,750,000, our portion of the $10 million retrospective premiums for the unit in question, would be available for the payment of such premiums.
With respect to item No. 4 of alternative No. 5, please be advised that the cash flow projection indicates that no capital expenditure curtail-ment would have to take place in order to make the retrospective premium available for payment.
Because Pennsylvania Power Company is currently paying an indemnity fee which is greater than $1,000, it is our understanding that payment of the
$1,000 minimum annual indemnity fee is not necessary, as the guarantee of pay-ment of deferred premiums for its operating reactors.
Very truly yours,
(
WY smr Enclosures j
82040204E0 820329 k
PDR ADOCK 05000334 I