ML20140B988
| ML20140B988 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley, Davis Besse, Perry  |
| Issue date: | 03/24/1997 |
| From: | Blank D CENTERIOR ENERGY |
| To: | Dinitz I NRC (Affiliation Not Assigned) |
| References | |
| NUDOCS 9704010559 | |
| Download: ML20140B988 (2) | |
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'W ENERGY 6200 Oaktree Boulevard Mail Address David M. Blank Indeperdence. OH P. O. Box 94661 Treasurer (216) 447-2701 Cleveland, OH 441014 661 March 24, 1997 Mr. Ira Dinitz i
U.S. Nuclear Regulatory Commission Office of Maclear Reactor Regulation Washington, D.C.
20555
Dear Mr. Dinitz:
Re Docket Nos. 50-346, 50-440, 50-412 Retrospective Premium Guarantee 1
The Centerior Energy Corporation (parent of The Cleveland Electric Illuminating Company, The Toledo Edison Company, and Centerior Service Company) hereby provides the documents described below and enclosed herewith as evidence of its guarantee of the retrospective premiums which may be served against the Davis-Besse Unit No. 1 ($10,000,000), Perry Unit No. 1 ($5,102,000) and Beaver Valley Unit No. 2
($4,438,000) reactor licenses, per Section 140.21 of 10 CFR Part 140.
1.
Centerior Energy Annual Report 1996 2.
A 1997 Internal Cash Flow Projection for Centerior Energy, certified by the Treasurer of the Company.
Accordingly, The Centerior Energy Corporation believes that a cash flow can be generated which would be more than adequate should it be required to pay any retrospective premiums.
Sincerely, 1
Af W(
David M.
Blank i
DMB DHabit i
Enclosures 9704010559 970324 i
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l THE CENTERIOR ENERGY CORPORATION I
I 1997 INTERNAL CASH FLOW PROJECTION FOR DAVIS-BESSE UNIT NO. 1, PERRY UNIT NO.
1, AND BEAVER VALLEY UNIT NO. 2 NUCLEAR POWER PLANTS (Dollars in Thousands)
+
1997 I
Proiected Retained Earnings ( }
0 Adjustments Depreci ation and Amortization
$ 309,498 Deferred Income Taxes and Investment Tax credits 58,495 Allowance for Funds used During Construction and Carrying Charges
.(6,487)
Deferred Operating Expenses 43,383 Total Adjustments S 404,889 Internal Cash Flow
$ 404,889 Average Quarterly Cash Flow
$ 101.222 Percentage Ownership in Units:
Davis-Besse Unit No. 1 100.00%
Perry Unit No. 1 51.02%
Beaver Valley Unit No. 2 44.38%
Maxlmum Total Contingent Liability
$ 19.540 II
" Retained earnings" means net income after income taxes and dividends paid.
The Company does not publish its projections of these amounts. Accordingly, retained earnings used in the 1997 projected data have been assumed to be zero for this filing.
The figures shown for the 1997 projection year are those non-cash items necessary to establish that the Company's maximum total contingent liability can be satisfied from internal cash flow.
CERTIFICATION I, David M. Blank, Treasurer of The Centerior Energy Corporation hereby certify that the foregoing Internal Cash Flow Projection for calendar year 4999 is derived from reasonable assumptions and is a reasonable estimate.
1941
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c l-Divid M. Blank Source:
TR9698 i
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