ML20141N557
| ML20141N557 | |
| Person / Time | |
|---|---|
| Site: | Point Beach  |
| Issue date: | 03/06/1986 |
| From: | Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP) |
| To: | Remmel J WISCONSIN ELECTRIC POWER CO. |
| References | |
| NUDOCS 8603170081 | |
| Download: ML20141N557 (2) | |
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f '<? l MAR 0 61986 Ps hO Mr. J. G. Remel Vice President and Treasurer Wisconsin Electric Power Company 231 West Michigan, Post Office Box 2046 Milwaukee, Wisconsin 53201
Dear Mr. J. G. Rennel:
We have reviewed the financial infonnation submitted for 1986 in your letter of February 14, 1986 and conclude that it satisfies the requirements of Section 140.21 of 10 CFR Part 140 that each licensee maintain an approved guarantee of payment of deferred premiums for each operating reactor over 100 Mw(e) that it owns in whole or in part.
Sincerely,
/sl K10."i f.s!Tz*p.,-
Jerome Saltzman, Tssistant Director State and Licensee Relations Office of State Programs Distribution:
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CFFICIAL RECORD COPY
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i WISCONSIN ELECTRIC POWER COMPANY 1986 Internal Cash Flow Projection for Point Beach Nuclear Power Station (Dollars'in Millions)
Actual
-Projected 1985 1986 Net Income After Taxes
$167.
$162 Less: Dividands Paid (90)
(90)
Astained Earnings 77 72 Adjustments:
Depreciation and Amortization 127 122 Deferred Income Taxes and
'T
~ Investment Tax Credits (Less TRASOP) 19 32 Allowance for Funds Used During Construction (7)
(8) i h tal Adjustments 139 146 Internal Cash Flow
$216
$218 Average Quarterly Cash Flow *
$ 54
$ 55 Percentage Ownership in all Operating Unit No. 1 1004 Nuclear Units Unit No. 2 1004 Maximum Total contingent Liability
$20 million i
- 1f it becomes necessary to curtail captial expenditures to ensure meeting a retrospective premium call, we would anticipate reducing construction activities to the extent necessary.
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CERTIFICATION:
The Cash Flow Projections detailed above are based on the most current information available to us end represent our best estimates as of this date.
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Dated February 14, 1996 By
/ *4 Vice\\ President and Tr'easurer i
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