ML20073E502
| ML20073E502 | |
| Person / Time | |
|---|---|
| Site: | Wolf Creek  |
| Issue date: | 04/24/1991 |
| From: | Rhodes F WOLF CREEK NUCLEAR OPERATING CORP. |
| To: | Murley T Office of Nuclear Reactor Regulation |
| References | |
| ET-91-0081, ET-91-81, NUDOCS 9104300240 | |
| Download: ML20073E502 (7) | |
Text
{{#Wiki_filter:'* e W@ NUCLEAR OPERATING CO 4.F CREEK ~ Forrest T. Rhodes Vre PresMont Engineering & Tochital Servees April 24,1991-ET 91-0081 Dr. Thomas E. Murley, Director Office of Nuclear Reactor Rebulation l U. S. Nuclear Regulatory Commission Washington, D. C. 20555 i
Subject:
Docket No. 50-462: Guarantee of Payment of Defetred Premiums, 10 CFR 140.2:.
Dear Dr. Murley:
Pursuant to the requirements of 10 CFR 140.21, _the owners of Wolf Creek Generating Station are providing the_ attached documentation-of their ability to make payment of deferred premiums in an amount of ten million dollars. Kansas. Gas and Electric Company, Kansas City Power & Light Company and Kansas Electric Power Cooperative, Inc. have elected-to provide--annual certified financial statements for their share of the responsibility. - If you have any questions concerning this-sutaittal please contact me or Mr. H. K. Chernoff of my staff.. Very;truly yours, 4 Forrest T. Rhodes Vice President Engineering & Technical Services-FTR/jra Attachments cci L. L. Gundrum (NRC),-w/a 'P A. T. Howell (NRC), w/a R. D. Martin-(NRC), w/a D. V. Pickett (NRC), w/a ~// 94 P.O. Bou 411/ Burtengkn, KS 66830 / Phone: (316) 364-8831 k hh,fg; _ MW WW EW MM, F1 \\ PDR ~
f KANSAS GAS AND ELECTRIC COMPANY THE ELECMC CCPA*ANY 3* le,y,. l$[@k#A?9a V;, w usaue moona m..........,-~. March 29, 1991 -{ 7 s er$pp/y Mr. Mike Gayoso Wolf Creek Nuclear Operating Corporation P.O. Box 2908 Wichita, KS 67201
Dear Mike:
Pursuant to the requiremelts of 10 CFR 140.21, Kansas Gas and Electric Company (Company) is providing the attached statement of their ability to make payment of their share of deferred premiums in an amount of $4.7 million. This statement shows that internal projected cash flow for the year 1991 is calculated as $90.7 million and on an average quarterly basis is $22.7 million. In accordance with the projections, it is expected that the Company's cash flow would be sufficient to cover the assessment. The undersigned certifies that the foregoing memorandum with respect to Kansas Gas and Electric Company's projected cash flow for the projection year is true and correct to the best of his knowledge and belief. .ldNn f) Vice President - Finance 201 N. Market - WicNta, Kansas - Mail Address: RO. Box 208 i Wictuta, Kansas 67201 - Teleptme: Area Code (316) 2*! A571
9 4 4 KANSAS GAS AND ELECTRIC COMPANY 1991 INTERNAL CASII FTAAf PROJECTION (Dollars in Thousands) 1990 Projected Cash Actual ' Flow for 1991-Net Income after Texes $ 64,184 Less Dividends Declared 55,116 Retained Earnings 9,068 Adjustments: Depreciation and Amortization 78,483 Deferred Income Taxes and Investment Tax Credits 5,444 Phase-in Revenues and Amortization 17,544 Corporate-owned. Life Insurance (10,003) Gain From Sale-Lease Back (9,640) Investment Write-off 6,632 Other - Net 3,060 Total Adjustments 91,520 Internal Cash Flow M ~$ 90;655-(a) Average Quarterly Cash Flow $ 25,147 $-22,664 3 Percentage Ownership in.All -Cperating Nuclear Units Wolf' Creek 47.00% Maximum Total Contingent Liability S' 4',700-t (a) Projected income information is considered confidential-but will:be provided if"necessary upon request. 1 3 -l CAS/adl 0 l .1 I
KANSAS CITY POWER & LIGHT COMPANY d' /,f ino aAu,uont avt Nut k 4,,,,j / h e e o son 4 em (( %j%y,, J / KANSAS CITY, MISSOURI 64141 9679 March 28, 1991 Pursuant to the requirements of 10.CPR 140.21, Kansas City Power & Light Company (Company) is providing the attached statement of their ability to make payment of their share of deferred premiums in an amount of $4.7 million. This statement shows.-that internal projected cash flow for the year 1991 is calculated as $152.2 million and on an average quarterly basis is -$38.1 million. In accordance with the projections, it is expected that the Company's cash flow would be sufficient to cover the ascessment. The undersigned certifies that the foregoing memorandum with respect to Kansas City Power & Light Company projected cash flow for the projection year is true and correct to the best of his knowledge and belief. Controller-NAR cb attach l .i l t i 4
- o.
- 4 KANSAS CITY POWER & LIGHT COMPANY 1991 INTERNAL CASil FLOW PROJECTION FOR WOLF CREEK NUCLEAR POWER STATION -
(Dollars in Thousands) -1990 Projected Cash 3 Actual Flow for 1991 Net Income after Taxes $102,732-Less Dividends Declared 87.442 Retained Earnings 15.290 Adj us tments : Depreciation and Amortization 93,411 Deferred Income Taxes and Investment Tax. Credits 24,979 Allowance for Funds Used During Construction (2,434) Amortization - Deferred Wolf Creek Costs 10,366 Deferred Wolf Creek Costs (1,489) Amortization - Phase-in deferrals 7,072-Other Amortizations 3.631 Total Adjustments 135.536 Internal Cash Flow $150.826 $1_52.233* Average Quarterly-Cash Flow $ 37.706 $ 38.058-Percentage Ownership in All Operating Nuclear Units ~ Wolf Creek-47.00% Maximum total Contingent Liability $ 4.700-l i
- Projected income information is considered' confidential but will be provided if necessary upon request.
l I l .i
o.' CERTIFICATION-I, Richard M. Tyler, am Director, Finance and Accounting for Kansas Electric Power Cooperative, Inc., and I have reviewed the 1991 Internal Cash Flow Projection for Kansas Electric Power Cooperative, Inc. and certify, to the best of my knowledge, that it accurately reflects the financial position of Kansas Electric Power Cooperative, Inc., as indicated. Signed: a / Dated :
- l Il 199 M
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c. e KANSAS ELECTRIC POWER COOPERATIVE, INC.- ~f 1991 Internal Cash Flow Projection 1990 1991 Prior Year. Projected Actual Total Total Net Income After Taxes $. 438,692 $ (746,335) Less Dividends Paid 0 0 Retained Earnings 438,692 .(746,335) Adjustments: = Depreciation anel Amortization 3,234,890 3,292,800 Deferred Income Taxes and Income Tax Credits '0 0 Allowance for Funds Used During Construction 0 0 2 31820-3.292.800 Internal Cash Flow
- 3.673.582
.2.546.444 Average Quarterly Cash Flow - $ 918.396 . $ 636.611 Percentage Ownership in. All . Operating Nuclear Units i.00%; Wolf Creek Generating Station No.1-6 . Maximum Contingent Liability $ 600,000(1) l (1) KEPCo's Share of NRC Contingent Reserve Premium' Liability. .}}