ML20053C978

Files Guarantee of Payment of Deferred Premiums for Part Ownership in Unit 1.Cash Flow Statements for Actual FY81 Taken from Certified Audit & Projected Figures for FY82 & Approved Budget

ML20053C978
Person / Time
Site:	Hatch
Issue date:	05/27/1982
From:	Headrick T DALTON, GA
To:	Saltzman J Office of Nuclear Reactor Regulation
References
NUDOCS 8206030239
Download: ML20053C978 (3)

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May. 27, 1982 d3l LOR Uti!ithCS i

Mr. Jerome Saltzman, Chief Antitrust & Indemnity Group Office of Nuclear Reactor Regulation Nuclear Regulatory Commission 4

Washingt on, D. ' C.

20555

Dear Mr. Saltzman:

- Pursuant to Section 140.21 of 10 CFR 140, we are filing our guarantee of payment 4

of deferred premimums for our part ownership in Edwin I. Hatch Nuclear Plant.

Our Cash Flow statements for actual fiscal year 1981 is taken f rom our certified audit by Deloitte, Haskins and Sells and our projected figures for our fiscal year 1982 and are taken from our budget approved by our consulting engineers, STV Management Group, formerly Ford, Bacon and Davis.

We believe this will fulfill our reporting requirements.

Si cerely, i

p f H ul V h.

U bfff 22 Thomas S. Headrick Comptroller TSH: hb Inclosures cc:

Mr. V. D. Parrott, Jr.,

Dalton Utilities i

TSH: hb O

Water, Light and Sinking Fund Commission

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P. O. Hos 869, Dalton, Georgia 30720 8206030239 820527 PDR ADOCK 05000321 I

PDR

Dalton Water, Light and Sinking Fund Conunission a

Dalton Utilities (Municipally ownzd utility)

Assumptions used in Sources of Funds Statements 1..

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.2 and Natural Gas revenues are pledged for the Revenue. Bonds Series A,~ dated January 1,.1976.. Revenues and Expenses used in our projection for our fiscal year December 1,1981 through November 30, 1982 are for the Electric and Gas departmmts. These have been approved by our Consulting Engineers, STV Management Group, formerly Ford, Bacon and Davis.

2.

Dalton Utilities is co-owner in the Edwin I. Hatch Nuclear Plant and the Alvin W. Vogtle Nuclear Plant.

The ownership of the two plants is as follows:

Hatch Plant Vogtle Plant Dalton Utilities 2.2%

1.6%

Georgia Power Company 50.1%

50.7%

Municipal Electric Authority of GA.-

17.7%

17.7%

Oglethorpe Power Corp.-

30.0%

30.0%

100.0%

100.0%

3.

Plant Hatch Units 1 and 2 are presently in Commercial' operation.

Plant.Vogtle Units 1. and 2 are under construction and are tentatively scheduled for commercial operation in 1987 and 1988 respectively.

r--r

d Dalton Utilitics (Municipally Owned Utility)

Internal Cash Flow -

Edwin I. Hatch Nuclear Power Station

($1,000) 1981 Actual 1982 Projection Dec.

1,' 1981 thru Dec. 1, 1981 thru Nov. 30, 9181_ (1)

Nov. 30,1982 (2)

Net income af ter taxes

$17,203

$19,684 Less : Contributions in lieu of taxes (City of Dalton)

(615)

(750)

Retained Earnings

$16,588

$18,934 Adj ustments:

Depreciation and amortization 1,985 2,222 Deferred income taxes and investment Tax credits (3) 0 0

Total adjustments 1,985 2,222 Internal Cash flow

$18,573

$21,156 Average Quarterly ccah flow

$-4,643

$ 5,289 Percentage Ownership in all operating Nuclear Units: Edwin I. Hatch Plant 2.2%

Maximum total contingent liability 440 440 (1) From certified audit by Deloitte, Haskins & Sells (2)

From budget approved by STV Management Group /formerly Ford, Bacon & Davis (3)

Not applicable-Municipally owned I

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