ML20126K164
| ML20126K164 | |
| Person / Time | |
|---|---|
| Site: | Farley  |
| Issue date: | 05/05/1981 |
| From: | Bowden T ALABAMA POWER CO. |
| To: | Saltzman J Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML20126K166 | List: |
| References | |
| NUDOCS 8105120261 | |
| Download: ML20126K164 (1) | |
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i Travis J. Bowden Vice President and Treasurer 9
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May 5, 1981 vpg Mr. Jerome Saltzman Chief, Antitrust and Indemnity Group Nuclear Reactor Regulation Nuclear Regulatory Commission Washington, D.C. 20555
Dear Mr. Saltzman:
Enclosed is the annual submission of Alabama Power Company with respect to the retrospective premium guarantee required under the Price-Anderson Act, as amended, applicable to its Joseph M. Farley Nuclear Plant.
We have elected to satisfy this guarantee requirement by submitting annual certified financial statements and cash projections, showing that a cash flow can be generated and would be available for payment of retrospective premiums up to $20,000,000 within three months after submission of the statement. In this connection, enclosed are the following:
1.
1980 Annual Report which includes financial statements for the calendar year 1980, together with the report on such statements by Arthur Andersen & Co., independent public accountants; 2.
Unaudited Financial Statements for the quarter ended March 31, 1981; 3.
Cash Flow Projections for the period January 1, 1981 through December 31, 1981, showing that cash flow for
$20,000,000 can be generated and would be available for payment of retrospective premiums within three months after submission of the statement.
Please acknowledge receipt of the enclosures by signing and returning copy of this letter.
Yours very truly, yODY s 4.
A Travis J. Bowden
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TJB:bm Enclosures s20312o 261