ML20076A773
| ML20076A773 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley |
| Issue date: | 03/28/1979 |
| From: | Wilson M PENNSYLVANIA POWER CO. |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML20076A779 | List: |
| References | |
| NUDOCS 7904020070 | |
| Download: ML20076A773 (1) | |
Text
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PENNSYLVANIA POWER COMPANY 1 EAST WASHINGTON STREET NEW CASTLE. PA. 16103
- 412 652-5531 M. L WILSON March 28, 1979
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TREASURER y
9 U. S. Nuclear Regulatory Commission Washington, DC 20555 1
Attention:
Mr. Jerome S zman, Chief Antitrust dI lemnity Group, Nuclear Reactor Regulation l
Subj ect: Docket No.
~0-334 Beaver Valley Power Station Unit No. 1 O
Centlement a
Pursuant to our election of alternative No. 5, r'garding e
the Price-Anderson Act retrospective premium system guarantee requirements, and the applicable requirement for annual submittals pertaining to the requirements, you will find enclosed:
1.
A copy of our 1978 Annual Report to Stockholders which includes financial statements certified by our independent public accountants; 2.
A copy of our earnings statement for the quarter ended December 31, 1978; and 3.
A one-year internal cash flow projection for 1979, and the actual cash flow for 1978. This statement indicated that 7S
$1,750,000, our portion of the $10 million retrospective
(.),
premiums for the unit in question, would be available for the payment of such premiums.
With respect to item No. 4 of alternative No. 5, please be advised that the cash flow projection indicates that no capital expenditure curtailment would have to take place in order to make the retrospective premium available for payment.
Because Pennsylvania Power Company is currently paying an indemnity fee which is greater than $1,000, it is our understanding that payment of the $1,000 minimum annual indemnity fee is not necessary, as the guarantee of payment of deferred premiums for its operating reactors.
Very truly yours, MLW:dsm
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Enclosures j
7904020070 l
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