ML20056E161
| ML20056E161 | |
| Person / Time | |
|---|---|
| Site: | Indian Point  |
| Issue date: | 07/30/1993 |
| From: | Bram S CONSOLIDATED EDISON CO. OF NEW YORK, INC. |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| NUDOCS 9308200154 | |
| Download: ML20056E161 (2) | |
Text
Stephen B. Ctm 4
.3 Vice Presn1ent s'
Conschdated Edtson Company of New York, bc July 30, 1993 Indian Point Station Broadway & Bicak;ey Avenue Buchanan, NY 10511 Re:
Indian Point Unit No. 1 Telephone (914) 737-8116 and No. 2 Docket No.50-003 and 50-247 Document Control Desk US Nuclear Regulatory Commission Mail Station P1-137 Washington, DC 20555
SUBJECT:
Report Submittal Pursuant to 10 CFR S140.21
' Licensee Guarantees of Payment of Deferred Premiums
- Enclosed, pursuant to 10 CFR S140.21, is a projection dated July 15, 1993, for the period August 1,
1993 to July 31, 1994, demonstrating that Consolidated Edison Cowany of New
- York, Inc.
will have sufficient cash flow and/or cash reserves available throughout such period to pay any applicable retrospective premium to which the company might be subject.
Very truly yours,
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Mr. Thomas T. Martin Regional Administrator - Region I US Nuclear Regulatory Commission j
475 Allendale Road i
King of Prussia, PA 19406 i
Mr. Francis J. Williams, Jr.,
Project Manager Project Directorate I-1 Division of Reactor Projects I/II US Nuclear Regulatory Commission Mail Stop 14B-2 Washington, DC 20555 Senior Resident Inspector US Nuclear Regulatory Commirsion PO Box 38 Buchanan, NY 10511 Mr. Ira P. Dinitz US Nuclear Regulatory Commission Mail Stop 12E-4 Washington, DC 20555 x\\
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I 9308200154 930730 F
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CONSOt.lDATED EDISON CCWPANY OF NEW YORK. INC.
PROJEC110N OF ABILITY TO PAY RETROSPECTikE PREMlUM ADJUSTMENT FOR PERIOD AUGUST 1. I 3 3 3* JULY 31 I93k (Millions of Dollars) 1.
Past Earnings, Net Cash Flows f rom Operating Activitics and Allowance f or f unds Used During Construction:
Year En&d Dececber 31 1992 1991 1900 19S?
1988 1987 1986 1985 19S4 1983 Net income 1604.1 1566.9 1571.5 1606.1
$599.3 1550.1 5546.4
$563.7 5620.0 1575.8 Net Cash Flows from Goerating Activities 920.0 937.8 834.5 877.7 861.2 884.7 932.1 1,0F. 7 985.4 971.0 AFDC 13.8 14.4 9.0 13.1 12.1 15.'
10.1
...J 22.4 14.7 11.
Available Cash and Tenporary Cash investments at June 30, 1993: 5143.3 million.
111. Estimated Depreciation and Deferred Taxes:
Year En&d Decenber 31 1903 17 Average 1418 Depreciation
$406 Deferred Taxes 78 7L 74 Total
$484 1500 5492 IV.
Estimated Expenditures f or Construction and Nuclear f uel:
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1993 1994 Average Construction
$795 5811
$803 Nuclear Fuel 11 39 25 total
$806
$850 5828 V.
Analysis:
Con Edison's net income has grown from $575.8 million to $604.1 million in the last ten years.
Con Edison expects to finance its capital requirenents for 1993 and 1994, including requirements for maturing long-term debt, f rom internally generated f urvh, and external financings of $300 million a year in 1993 and 1994. During the period tugust 1, 1993 - July 31, 1974, con Edison will retire $80.0 million of Long-Term Debt (extusive of any advanced refundings). The Company believes it will have suf ficient cash flcw and cash reserves to pay any applic.'ble retrospective premitsn adjustment during the period August 1, 1993 - July 31, 1994.
Y CERTIFICAt10N W
1, Joan S. Freilich, Vice President and Controller of Corwolidated Edison Carpany of New York, Inc. (" Con Edison"),
hereby certify that the historical data presented above correctly rettect the accounting records of Lon toison and io my opinion the estimates presented above are reasonable.
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