ML20059B622
| ML20059B622 | |
| Person / Time | |
|---|---|
| Site: | Big Rock Point File:Consumers Energy icon.png |
| Issue date: | 08/22/1990 |
| From: | Eddy J CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.) |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| NUDOCS 9008290193 | |
| Download: ML20059B622 (4) | |
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Consumers power.
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rowsnme AIKANEANY MISBNs55:
oeneral officest 1946 West Parnell Hoad. Jackson, MI 49201
- L617) 788-0660 r
August /22,1990 4
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I Nuclear Regulatory Commission Document Control Desk Washington.-DC 20555-DOCKET 50-155 - LICENSE DPR BIG ROC!". POINT PLANT -
DECOMMISSIONING FUNDING REPORT PAGE OMISSION hy letter dated. July 26,.1990 Consumers Power Company submitted the Big Rock si
. Point Decommissioning Funding Report in accordance with 10CFR50.33(k) and
'I 50.75. During the processing,of that report, two pages were inadvertently
-omitted from-the! submitted version. The missing pages are pages 25 and 26 of Attachment A to Exhibit E of the report. They are the last two pages of 3-Attachment A which Je the "Ctsusame'.s Power Company 1990 Report on the Adequacy of the E>isting Anr.ual Provision for Nucleai Plant Decommissioning". This~l letter transmits the-missing pages.. Please. contact us if there are any questions. This subject has been discussed.with the Big-Rock Point Project Manager.
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ehk J Daniel Eddy Plant Licensing Engineer
'CC Administrator, Region III. USNRC
.NRC; Resident Inspector - Big Rock Point c,;;:
U Attachment 5
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9008290193 900822 PDR ADOCK 05000155 I-PDC '
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ATTACHMENT Consumers Power Company Big Rock Point Plant Docket-50-155' i
I DECOMMISSIONING FUNDING = REPORT MISSING'PAGES August 22, 1990 J
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8.
ADMINISTRATIVE AND INCIDENTAL EXPENSES OF THE FUNDS A
Each of the Trust Agreements, dated as of January 1,-192/, between Consumers
-Power. Company and National-Bank of Detroit states as follows in Article 6:
"All taxes of any kind that may be assessed or levied against or in respect of each Trust, including income. taxes borne by the Company, if any, associated with income and transactions of each Trust, and all brokerage comissions; incurred by each Trust shall be paid from the Assets of such Trust. All other reasonable expenses of administration, such as (but not limited to) the expenses incurred by the Trustee in connection with the administration of the Trusts,. including fees and expenses of agents or attorneys employed by the Trustee (whether or not arising out of a judicial.
or administrative proceeding and whether or not incurred while it is acting
-as Trustee), such compensation to the Trustee as may be agreed upon from time to time between the Trustee and the Company on a basis no less favorable to the Company than tr.M d.ich the Trustee generally affords to like. customers for like services, and all other proper charges and disbursements of the Trustee, shall-be paid from the Assets."
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Table 8.1 shows the annual trustee fees that have been incurred and taxes paid by_
each trust since January 1, 1987, the date the trusts were first est'ablished.
The trust funds are currently invested in Municipal Bonds and= the interest income is' not subject to-Federal Income Tax. However, the out-of-sti.te interest income of the trust funds is subject to the Michigan Single Business Tax. Also, any gains or losses on the sale of municipal bonds are subject to both. Federal Income Tax and the Michigan Single Business Tax.
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- Table 8.1.
Annual trustee fees and taxes' incurred by each trust.-
- Trustee Taxes-
. Fees Paid:
Big Rock Section 468A Trust, 1987 565.49 1988:
3.245.62 1989 6,347.06 1,665.00 Big Rock Non-Section 468A Trust 1987
-724.00 1988 6,293.80 1989
-9,167.56 Palisades Section 468A Trust 7
1987 912.49 1988 6,462.58 1989 12,248.78 4,382.00 Palisades Non-Section 468A Trust 1987 1,510.72 1988 8,106.76 1989 10,157.83-b e
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