ML20058L474
| ML20058L474 | |
| Person / Time | |
|---|---|
| Site: | Indian Point  |
| Issue date: | 07/31/1990 |
| From: | Bram S CONSOLIDATED EDISON CO. OF NEW YORK, INC. |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| NUDOCS 9008070229 | |
| Download: ML20058L474 (2) | |
Text
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Stephen B. Bram i
tfeco Presce1 v'
Coneohdated Edison Company of t4ew Yo'k. tre.
Indian Posnt Staton Broadway & BleaMey konue 8
Buct. ionan, NY 10511 Telephone (914) 737 8116 99 Re:
Indian Point Unit Nos. 1 & 2 Docket Nos.50-003 & 50-247 1
Document Control Desk US Nuclear Regulatory Commission Mail Station P1-137 Vashington, DC 20555
SUBJECT:
Report Submittal Pursuant to 10 CFR $140.21
" Licensee Guarantees of Payment of Deferred Premiums" 1
- Enclosed, pursuant to 10 CFR $140.21, is a projection dated July 13, 1990, for the period August 1,
1990 to July 31, 1991, demonstrating that Consolidated Edison Company of New York, Inc. vill have sufficient cash flov and/or cash reserves available throughout such period to pay any applicable i
retrospective premium to which the Company might be subject.
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Very truly yours, l
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I cci Mr. Thomas T. Martin
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Regional Administrator - Region I US Nuclear Regulatory Commission 475 Allendale Road King of Prussia, PA 19406 l
Mr. Donald S. Brinkman, Senior Project Mana;er Project Directorate I-l l
Division of Reactor Projects I/II US Nuclear Regulatory Commission Mail Si.6 14B-2 l
Vashington, DC 20555 j
Senior Resident Inspector US Nuclear Regulatory Commission PO Box 38 Buchanan, NY 10511 Mr. Ira P. Dinitz I
US Nuclear Regulatory Commission
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l Mail Stop 12E-4 n
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Vashington, DC 20555 l
l-97)cis010229 900731 ADOCK0500g3 PDR
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035KLIIWIED ED1!KN GWANY CF hW YGO*. INC.
PICTECTIO4 (F ABILT!Y '1V PAY -
RE*IROGPILTIVE IWMIiH AIulFDDff FGt PtXIOD ALKET 1.1990 - JULY 31,1991 Y
t (Milliors of Ib11ars) 1.
Past Earnin6s, Net Cash T1ws fran Operatirg Activities and A11warce for llads Used During Construction:
Year Endad Decanter 31
. 1989 1988 1987 1986 1985 1984-1983 1982 1981 1980 Net Incaw
$606.1 $599.3 $550.1 $546.4 $ 563.7 $620.0 $575.8 $492.6 $448.0 $334.7 Net Cash F1ws fran operatire Activities 877.7 861.2 884,7 932.1 1.054.7 985.4 971.0 657.5 870.9 638.8 b
Anic 13.1 12;1 15.3 10.1 10.3 22.4 14.7 18.5 12.4 7.8
- 11. Available Cash ard Twiporary Cash Inwstanette at Jme 30, 1990: $60.4 million.
III. Estimated Depreciation and Deferred Taxes:
o Year Ended Decader 31 1990-1991 Averaae b
Depreciation
$344
$358
$351.0 Deferred Taxes 78 64 71.0 Total
$422
$422
$422.0 4
' IV. Estimated Expenditures for Constructim and Nuclear } bel Year Ended Decader 31
,1,991, Average k
1990 9
1 Cmstructim
$697
.$810
$753.5
'~
' tbclear Fuel 38 12 25.0 Total
$735
$822
$778.5 1 V.
Analysisi
- Con Ediom's net incane has grows fran $334.7 millim to $606.1 :nillion in the last ten years.
i'
. Con Edison expects to finance its capital requiranents for 1990 ard 1991, inel requiraients for naturiry, long-tetta debt, frun internally generated funds and debt financing 1 of S3 millim in 1990 -
and $500 million in 1991 During the m Cm Edison will retire l
$136.5 million of Img-Term Debt and $h.iriod August 1.1990 - July 31,1991 s
3 million of Preferrsd Stock. b Caupany believes it will have sufficient cash f1w and cash reserws to pay my applicable retrospective pranitan adjustant during tre period August 1,1990 - July 31,1991.
l; CERTIFICATIOi I, Carl W. Creene, Vice President and Controller of Consolidated Edison Ccupuny of Nw York, Inc. ("Can F41 son"),
hereby certify that the historical data preseted abow correctly reflect the accounting records of Con 141 son and 1
in my opinion the estimutes pteamted above are reasmable.
-l 6.4 77 July 13,1990 l