ML20129D457
| ML20129D457 | |
| Person / Time | |
|---|---|
| Site: | Fort Calhoun  |
| Issue date: | 07/15/1985 |
| From: | Andrews R OMAHA PUBLIC POWER DISTRICT |
| To: | Harold Denton Office of Nuclear Reactor Regulation |
| References | |
| LIC-85-296, NUDOCS 8507160532 | |
| Download: ML20129D457 (3) | |
Text
__
Omaha Public Power District 1623 Harnet; Omaha. Nebraska 68102 402/536 4000 July 15, 1985 LIC-85-296 i
Mr. H. R. Denton, Director Office of Nuclear Reactor Regulation U. S. Nuclear Regulatory Cormiission Washington, DC 20555
Reference:
Docket No. 50-285
Dear Mr. Denton:
Guarantee for Payment of Deferred Retrospective Premiums from June 30, 1985 to June 30, 1986 In compliance with Section 140.21 of 10 CFR Part 140, the Omaha Public Power District files the attached "1985/1986 Statement of Cash Flow from Operations" as its guarantee for payment of deferred retrospective premiums for the period June 30, 1985 to June 30, 1986. As noted in the prior years approved guaran-tees, the cash flow statement deviates somewhat from NRC Regulatory Guide 9.4 because the District is a political subdivision of the State of Nebraska, and the Bond Resolution 1788 was filed with our 1979 guarantee.
Also attached is a copy of the District's 1984 Annual Report as part of the 1985 payment guarantee filing.
S' e, ly, hh W R. L. Andrews Division Manager Nuclear Production RLA/TPM/dao Attachments cc:
LeBoeuf, Lamb, Leiby & MacRae 1333 New Hampshire Avenue, N.W.
Washington, DC 20036 68Y Mr. E. G. Tourigny, NRC Project Manager s/i Mr. L. A. Yandell, NRC Senior Resident Inspector
/
8507160532 850715
^
l PDR ADOCK 05000285 I
PDR Empioymen4panguai opponunny as wa
o
- De OMAHA PUBLIC POWER DISTRICT 1985/86 STATEMENT OF CASH FLOW FROM OPERATIONS (a)
FORT CALHOUN POWER STATION UNIT NO. 1 (Dollars in Thousands)
ACTUAL PROJECTED 12 Months 12 Months Ended 5-31-85 Ended 6-30-86 Operating Revenues
$ 311,947
$ 299,658 Interest Receipts (b) 12,510 12,747 Total Cash Receipts 324,457 312,405 Less:
Operating Expenses (c) 195,053 180,591 Dayments in Lieu of Taxes (c) 10,295 10,167 Funds Available for Debt Service 119,109 121,647 Less:
Debt Service Payments (d) 61,484 64,094 Funds Available for Other Valid Corporate Purposes (e)
$ 57,625
$ 57,553 Average Quarterly Cash Flow
$ 14,406
$ 14,388 Percentage Ownership - Fort Calhoun Power Station Unit No. 1 - 100%
Maximum Total Contingent Liability Annually - $10,000,000 Notes to accompany " Statement of Cash Flow From Operations" (a) The format of this cash flow statement is in accordance with the payment priorities as established by the Bond Resolution 1788.
The payment priority scheduled for funds realized from operations is as follows:
First' Priori ty: Operation and maintenance expenses and payments in lieu of taxes.
L i
a.
Second Priority: Debt service (principal and interest) on all outstanding bonds.
Third Priority:
All other valid corporate purposes. These purposes would include construction, nuclear fuel, working capital, and any other use of the funds to provide for an on-going utility business. The payment of any funds for the NRC guarantee would fall into the third priority.
(b)
Interest collections have been normalized to reflect only the types of interest collections from normal on-going funds and do not reflect any interest collections made from special construction funds.
(c) Operating and Maintenance Expenses and Payments in Lieu of Taxes have first priority on the use of funds derived from operating revenues.
(d) Debt Service Payments have second priority on the use of funds derived from operating revenues.
(e) These funds represent the internal cash flow available for all other corporate purposes and have third priority on funds derived from operating revenues.
Supplementary General Statements:
The following statements are offered to exclain some of the District's options and capabilities with respect to its financial management.
The District maintains a working fund balance of approximately $20 million in addition to special construction and restricted funds.
~
The District's Board of Directors is empowered to establish electric rates.
The State of Nebraska does not have a public utility commission.
4
(
ATTACH V EN-~
NOT Fl _V ED AI\\O.w
~
NO. OF PAGES hPUCATE: ALREADY ENTERED INTO SYSTEM UNDER ANO.
O ILLEGIBLE:
HARD COPY AT:
-.