ML20149N018
| ML20149N018 | |
| Person / Time | |
|---|---|
| Site: | Callaway  |
| Issue date: | 02/19/1988 |
| From: | Schnell D UNION ELECTRIC CO. |
| To: | NRC OFFICE OF ADMINISTRATION & RESOURCES MANAGEMENT (ARM) |
| References | |
| ULNRC-1731, NUDOCS 8802290397 | |
| Download: ML20149N018 (4) | |
Text
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- Etscraic issa 190? Gratiot Street. St. Lows Donald F. Schnell Vce President February 19, 1988 U.S. Nuclear Regulatory-Commission ATTN:
Document Control Desk Washington DC 20555 Gentlemen:
ULNRC-1731 DOCKET NUMBER 50-483 CALLAWAY PLANT GUARANTEE OF PAYMENT OF RETROSPECTIVE PREMIUMS 10 CPR 140.21 Pursuant to the requirements of 10 CPR 140.21, Union Electric Company hereby transmits the attached cash flow projection and certification to satisfy the guarantee of payment of retrospective premiums as required by this regulation.
This statement covers 1987 (actual) and 1988 (estimate) and shows that, if necessary, our cash flow would adequately cover payment of retrospective premiums within three months after submission of a statement.
It is Union Electric's intent to continue to make this report on an annual calendar year basis.
A follow-up report, covering actual data for 1988 and projecting calendar year 1989 will be submitted by April 30, 1989.
If there are any questions, please contact us.
Very truly yours,
/
A Donald F.
Schnell DJW/plh
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Masng Address P.O. Box 149, St. Lows. MO 63t66
t 1988 INTERNAL CASH FLOW PROJECTION FOR UNION ELECTRIC COMPANY NUCLEAR POWER STATION (DOLLARS IN THOUSANDS) i 1987 Actual' 1988 Projected' Net Income After Taxes
$ 333,900
$ 262,700 Less Dividend Paid (230,800)
(227,700) i Retained Earnings
$ 103,100
$ 35,000 Adjustments:
Depreciation and Amortization
$ 206,100
$ 291,500
' Deferred Income Taxes and Investment Tax Credits 120,800 99,100 Settlement of Uranium Litigation 6,300 3,900 Allowance for Funds Used During Construction and Phase-In Credits (90,100)
~( 20,500)
Total Adjustments
$ 243,100
$ 374,000 Internal Cash Flow
$ 346,200
$ 409,000 Average Quarterly Cash Flow
$ 86,600
$ 102,300 Percentage Ownership in All Operating Nuclear Units Callaway 100%
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Maximum Total Contingent Liability
$ 22,300 e
r I, Donald E. Brandt, Vice President and Controller, am the principal i
accounting officer of Union Electric Company ("the Company") and hereby 5
certify that the aforesaid 1988 internal cash flow projection was prepared under my direction and supervision and that it is correct and accurate to the best of my knowledge, information and belief I
Date O Y 4
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- LA-Donald E. Brand i
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cc:
Gerald Charnoff, Esq.
Shaw, Pittman,'Potts & Trowbridge 2300.N. Street, N.W.
Washington,-D.C.. 20037 Dr. J. O. Cermak CFA, Inc.
4 Professional Drive (Suite 110)
Gaithersburg, MD 20879 W.
L.'Forney Chief, Reactor Project Branch 1 U.S. Nuclear Regulatory Commission Region III 799 Roosevelt Road Glen Ellyn, Illinois 60137 Bruce Little Callaway Resident Office U.S. Nuclear Regulatory Commission RRil Steedman, Missouri 65077 Tom Alexion (2)~
Office of Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Mail Stop 316 79 20 Norfolk Avenue Bethesda, MD 20014 Manager, Electric Department i
Missouri Public Service Commicsion P.O.
Box 360 Jefferson City, MO 65102 l
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D.-Shafer/A160.761
.- /QA Record (CA-75 8)
E210.01 Nuclear Date
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F.-Schnell:
J. E. Birk J.
F. McLaughlini A.-P. Neuhalfen-R. J. Schukai M. A.
Stiller G.
L. Randolph R. J.
Irwin.
H. Wuertenbaccher
- W.
R. Campbell A. C. Passwater R.
P. Wendling D. E. Shafer D.
J.. Walker O. Maynard (WCNOC)
R. C. Slovic (Bechtel)
- G56. 37 (CA-46 0)
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