ML20126H906

Forwards 1985 Internal Cash Flow Projection to Satisfy Requirements of 10CFR140.21.Anniversary Date of Indemnity Agreement 850620,therefore,projection Submitted in Timely Manner

ML20126H906
Person / Time
Site:	Crystal River
Issue date:	06/15/1985
From:	Greene G FLORIDA POWER CORP.
To:	Harold Denton Office of Nuclear Reactor Regulation
References
NUDOCS 8506180469
Download: ML20126H906 (2)

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Florida Power June 15,1985 ca'a a m Mr. Harold R. Denton, Director Office of Nuclear Reactor Regulation U. S. Nuclear Regulatory Commission Washington, D. C. 20555

SUBJECT:

Crystal River Unit 3 Docket No. 50-302 Operating License No. DPR-72 In order to update Florida Power Corporation's utilization of alternative (e) to satisfy the requirements of Section 140.21 of 10 CFR Part 140 for 1985, we are enclosing our 1985 Internal Cash Flow Projection for Crystal River Unit No. 3 Nuclear Power Station.

Our Internal Cash Flow Projection was prepared in accordance with the suggested format outlined in the U. S. Nuclear Regulatory Commission Reguhtory Guide 9.4 dated September 1978.

The anniversary date of the company's indemnity agreement is June 20. Therefore, our Internal Cash Flow Projection is submitted in a timely manner.

After you review this information, we would appreciate your advising us if we continue to satisfy the requirements of Section 140.21.

i If you have any questions concerning this information, please give me a call.

Sincerely, i

m M<

George E. Greene, III Senior Vice President Financial Services GEG/jaj Enclosure 1

2 General Office 3201 inirty fourin street souin. P O Box 14042, St Petersburg. Florida 33733 e 813-866 5151

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y FLORIDA POWER CORPORATION 1985 Internal Cash Flow Projection for Crystal River Unit 3 Nuclear Power Station (Dollars in Thousands)

Year Ended Year Ended December 31,1984 December 31,1985 Actual Projected Net Income After Taxes 138,529 172,399 Less Dividends Paid (113,553)

(123,989)

Retained Earnings 24,976 48,410 Adjustments:

Depree tion and Amortization 167,184 122,307 Defe'

'ncome Taxes and Ir

,nt Tax Credits 11,548 76,929 Allowm._. for Funds Used During Construction (37,075)

(6,577)

Total Adjustments 141,657 192,659 Internal Cash Flow 166.633 241,069 Average Quarterly Cash Flow 41.658 60.267 Percentage Ownership in Crystal River Unit 3 100 %

• Maximum Total Contingent Liability 10,000

• Florida Power Corporation is the principal licensee as owner of 90% of the unit.

The Company is the exclusive operating agent for the owner-licensees of the remaining 10% of the unit.

This certified cash flow statement is made as of June 20,1985, the anniversary date of the Crystal River Unit 3 Indemnity agreement with the NRC.

This statement covers all of the owners of this unit.

I hereby certify the above to be correct and accurate.

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Dated: June 15,1985 e

w C. E. Greene, III Senior Vice President

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