ML20062H004
| ML20062H004 | |
| Person / Time | |
|---|---|
| Site: | Vermont Yankee File:NorthStar Vermont Yankee icon.png |
| Issue date: | 11/26/1990 |
| From: | Pearson J VERMONT YANKEE NUCLEAR POWER CORP. |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| NUDOCS 9012040010 | |
| Download: ML20062H004 (3) | |
Text
_
VERMONT YANKEE NUCLEAR POWER CORPORATION
.. k Ferry Road. Brattleboro, VT 05301 7002 p(v)k..
.)
JOHN T: Pt. m.oN nmE{a
' Eta November 26,1990 s
Yited States Nuclear Regulatory Commission Document Control Desk Washington, D.C. 20555
References:
a License No. DPR128 (Docket No. 50 27) b 10CFR,Section 140.21
Subject:
Vermont Yankee 10CFR140.21 Submittah Licensee Guarantees of Payment of Deferred Premiums
Dear Sir:
In accordance with the requirements of 10CFR140.21(c); enclosed herewith are the annual cashuow statements for Vermont Yankee and each of Vermont Yankee's nine sponsor companies for the year 1990. This information is submitted as evidence that Vermont Yankee maintains an approved guarantee of payment should a $10 million l
retrospective premium be assessed under the Price Anderson Act.
Under the power Contracts between Vermont Yankee and its nine sponsor l
companies, Vermont Yankee would bill retrospective premium assessments to its sponsors as part of the monthly Power Contract Billing. As such, the " Cost of Purchased Power" as expressed in the enclosed sponsor financialinformation has been adjusted to reflect the L
effect ofincluding the maximum annual retrospective premium obligation for each sponsor company. Purchased power costs are paid for by our nine sponsor companies out of operatmg Levenues rather than net income or s,onsor financing and, as such, we suggest that each sponsor shown on the enclosed table ms operating revenues which are more than adequate to pay pil purchased power costs including the pro rated minimum premium assessment.
please contact this office. y questions or require further information regarding t j
Should you have an e
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jM, c m T. Pearson JTP:hp d5 f'
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United States Nuclear Regulatory Commission Region I United States Nuclear Regulatory Commission Residero
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Inspector - Vermont Yankec Nuclear Power Corporat
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Umted States Nuclear Regulatory Commission Rober d
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Resident inspector Vermont Yankee Nuclear Power 3 ration t\\
9012040010 901126 PDR ADOCK 05000271 J
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VERMONT YANKEE NUCLEpst POWE'2 CORPORATION,
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1990 ESTIMATED CASHFLOW (dollars-in OCW s)-
March 31-June 30 Sept 30~
Dec 31(est)
TOTAL
-Internal funds
_m_______
Net Income 2,364.
2,391 2,356 2,232 9,343 Depreciat ic<. -.
3,732.
3,713_
3,713-3,713 -
14,051 Fuel Assortization 6,548-
'7,106 4,485-5,000 23,939 925 885 725 512 3,047 Irccee Tax Accrual Dividends (2,232)-
(e,232)
(6,232)
(2,232)
(12,928)
Incesse Tax Refund (payments)
(2,207)
'(1,912)
(1,587)
(1,507)
^(7,293)
Fuel Disposal Payments (1,122);
(995)
(1,081)
(665)
(3,863)
Pro-Forma Power Cost Assessment Urder Power Contracts for Retrospective Premiums Payable by Sponsors per 10 CFR, Section 140.21 10,000 10,000 10,000 10,000
- 0, W>
Sub-Total 17,988 18,956 12,379 17,773 67, O'36 Pro-Forma Internal Cashflor-544 2,679 587 (1,077) 2,733
'Other Sources - Net External Finar.cing - Net (5,547)-
1,009 1,005 (232)
(3,315)
Total Funds From All Sources 12,965 22,644 13,971 16,414-66,014
== ______
-Cash Requirements Construction Expenditures
, (include removal costs)I 127 92 487 2,866 3,572 Nuclear Fuel Purchases-2,858 12,552 3,484 3,548 22,442 Pro-Forma Retrespective Premium 10,000 10,000 10,000 10,000 40,099 Total Cash Hequirements 12,985 22,644 13,971 16,414 66,014
_ _ _ _ _., -
I am Vice President Finarce & Administration and Treasurer of Vermont Yankee Nuclear 1.hereby certify that of the ap.any for the Poseer Corporation and that this statement f.tirly represents the estimated Cashf -
period ended 12/31/90.
w John T. Pearson Vace President Finance a 4dneanistrat ic.n Treasurer
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