ML20116C007
| ML20116C007 | |
| Person / Time | |
|---|---|
| Site: | Monticello, Prairie Island  |
| Issue date: | 07/22/1996 |
| From: | Richard Anderson NORTHERN STATES POWER CO. |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| Shared Package | |
| ML19311C138 | List: |
| References | |
| NUDOCS 9607300384 | |
| Download: ML20116C007 (5) | |
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Northem States Power Company 414 Nicollet Mall Minneapolis, Minnesota 55401-1927 Telephone (612) 330-5500 1
July 22, 1996 10 CFR 140.21 Director of Nuclear Reactor Regulation U.
S.
Nuclear Regulatory Commission Attention: Document Control Desk Washington, D.C.
20555 MONTICELLO NUCLEAR GENERATING PLANT Docket No. 50-263 License No. DPR-22 PRAIR1E ISLAND NUCLEAR GENERATING PLANT Docket No.
50-282 License No. DPR-42 i
50-306 DPR-60 i
i Guarantee of Paymer.t of Deferred Premiums Federal regulation 10 CFR 140.21 and item 154 of Regulatory Guide 10.1 Rev 4, requires each licensee to provide evidence of maintaining a method to guarantee payment of deferred premiums for each licensed operating reactor.
j Draft Regulatory Guide 9.4 (dated September 1978) provides guidelines for the guarantee method of submitting financial statements showing that a cash flow can be generated and would be available for payment of retrospective premiums within three months after submission of a request for payment.
In accordance with the above requirements, by letter dated April 29, 1996, we submitted 1995 and 1996 cash flow statements to provide evidence that Northern States Power Company (NSP) maintains guarantee of payment of deferred premiums for our three licensed reactors. Certain aspects of the 1996 projected cash flow statement are considered company confidential and as such it was requested that the cash flow information be withheld from public disclosure.
Unfortunately, as was pointed out in the NRC letter dated June 19, 1996, the information requested to be withheld was not marked proprietary and no supporting affidavit was provided as required by 10 CFR 2.790 (b) (1). Because of these oversights, our April 29, 1996 letter and the enclosed information was returned with the June 19, 1996 NRC lett'er. We regret the inconvenience caused by this inappropriate submittal and express our appreciation to the NRC staff members that assured the proprietary information was not disseminated.
With this letter we are resubmitting the required 1995 and 1996 cash flow statements with proprietarc information appropriately marked and with the l
l required affidavit to support withholding the proprietary information from public disclosure. The cash flow statements comply with the format suggested in draft Regulatory Guide 9.4 with one minor exception. We have reduced net income by dividends declared for the forecast year 1996, instead of dividends paid, to arrive at retained earnings cm the third line of the statement. This adjustment was made to reflect the tact that NSP no;mally declares dividends L
Attaclunent 2 Contains NSF Proprietary Information l
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USNRC NORTHERN STATES POWER COMPANY July 22, 1996 Page 2 so that a charge is made to retained earnings during a quarter and a corresponding credit is made to dividends payable. The cash disbursement is made during the first month of the following calendar quarter. Any increase in dividends declared during the year will be properly reflected in the retained earnings account as a result of treating the dividends in the manner which we have elected for this filing.
As noted above, portions of the 1996 cash flow infor. nation are considered company confidential, and as such we request that it be withheld from public disclosure pursuant to 10 CFR 2.790 (b) (1). The affidavit to support this request is provided as Attachment 1.
Proprietary and non-proprietary versions of the cash flow information are provided by Attachment 2 and Attachment 3 respectively.
If you have any questions with regard to this information, please call Eric Gray at 612-330-1905 or Mel opstad at 612-295-1653.
if Rog r O. Anderson
- Director, Licensing & Management Issues t
Attachments:
- 2. NSP's 1995 Actual Cash Flow and 1996 Projected Cash Flow (Proprietary Version)
- 3. NSP's 1995 Actual Cash Flow and 1996 Projected Cash Flow (Non-Proprietary Version) c:
Regional Administrator-III, NRC Monticello NRR Project Manager, NRC Monticello Resident Inspector, NRC Prairie Island NRR Project Managar, NRC Prairie Island Resident Inspector, NRC State of Minnesota, Attn: Kris Sanda J E Silberg A D Brusven E V Gray G M Olson Fne J Op4560NONTILMlWmODK: RPTQPREMWG DCK:
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1 Page 1 of 2 UNITED STATES NUCLEAR REGULATORY COMMISSION j
l NORTRERN STATES POWE?. COMPANY i
l MONTICELLO NUCLEAR GENERATING PLANT DOCKET NO. 50-263 PRAIRIE ISLAND NUCLEAR GENERATING PLANTS DOCKET Nos. 50-282 and 50-306 I
Request to Withhold Proprietary Information from Public Disclosure Northern States Power Company, a Minnesota corporation, hereby requests that to the letter entitled " Guarantee of Payment of Deferred Premiums" dated July 22, 1996, be withheld from public disclosure due to its proprietary nature. The details of this request are provided in the following affidavit:
AFFIDAVIT I,
Roger O.
Anderson, being duly sworn, depose and state as follors:
4 (1)
I am Director, Licensing and Management Issues, Northern States Power Company ("NSP") and have been delegated the function of reviewing the information described in paragraph (2) which is sought to be withheld, l
and have been authorized to apply for its' withholding.
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(2)
The information sought to be withheld consists of portions of the 1996 i
Projected Cash Flow that is included in Attachment 2 to NSP's July 22, 1996 letter to the NRC entitled " Guarantee of Payment of Deferred Premiums". Attachment 2, a one page document, has the words "NSP Proprietary Information" on the bottom of the page.
i (3)
In making this application for withholding of proprietary information of l
which it is the owner, NSP relies upon the exemption from disclosure set forth in the NRC regulation 10 CFR 2.790(b) (1) for confidential j
financial information.
(4)
Justification for the request for withholding from public disclosure is pro rided by addressing the five items identified in 10 CFR 2.790(b) (4).
To the best of my knowledge and belief:
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a.
This information is considered company confidential and has been held in confidence by NSP.
b.
This information is of the type customarily held in confidence by NSP and the raticaale basis is that it would provide an unfair l
I advantage to competitors if it were disclosed.
c.
This information is transmitted in confidence to the NRC and the 1
l purpose of this request is to maintain its confidentiality.
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d.
The 1996 projected cash flow information is not available from public sources.
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Page 2 of 2 e.
Public disclosure of the information sought to be withheld is likely to cause harm to NSP's competitive position and reduce the availability of profit-making opportunities.
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This letter contains no restricted or other defense information.
NORTHE STATES POWER C MPANY By i]4fh P4ge'r O Ander'ison Director Licensing & Management Issues On this 1 1 day of uky N96 before me a notary public in and for said County, personall) appeared Roger O Anderson, Director, Licensing and Management Issues, and being first duly sworn acknowledged that he is authorized to execute this document on behalf of Northern States Power Company, that he knows the contents thereof, and that to the best of his knowledge, information, and belief the statements made in it are true and that it is not interposed for delay.
SAMUEL l. SHIREY 160TARY PUBLic.MielleEBom My Comm. Exp. Jan. 31,2000;
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l Page 1 of 1 NORT HERN STATES POWER COMPANY (MN and SUBS) i
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1995 Actual Cash Flow and j
1996 Projected Cash Flow l
l Related to Prospective Premiums for i
Monticello, Pralrie Island I and Prairie Island il j
Nuclear Generating Units (Dollars in Thousands) l 1995 1996 Actual Projected Total Total l
Net income After Taxes 275,795 Less Dividends Declared (192.959)
Retained Earnings 82,836 Adjustments:
Depreciation 372,074 Deferred income Taxes &
Investment Tax Credits (20,193)
Withheld from Allowance for Funds Used public disclosure During Construction (6,794) per Affidavit l
Total Adjustments 345,087 l
Internal Cash Flow 427,923 Average Quarterly Cash Flow 106,981 Percentage Ownership in All i
Operating Nuclear Units Monticelle 100 %
l Prairie Island I 100 %
l Prairie Island 11 100 %
l Maximum Total Contingent Liability for Secondary Financial Protection
$237,825,000/ accident
$ 30,000,000 maximum payment / year Cash and Banking E V GRAY 07/22/96 i
j:cashbankWrojectshrcfund1.xt NON-PROPRIETARY VERSION 4
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