ML20195H962
| ML20195H962 | |
| Person / Time | |
|---|---|
| Site: | Vermont Yankee File:NorthStar Vermont Yankee icon.png |
| Issue date: | 11/28/1988 |
| From: | Pearson J VERMONT YANKEE NUCLEAR POWER CORP. |
| To: | NRC OFFICE OF ADMINISTRATION & RESOURCES MANAGEMENT (ARM) |
| References | |
| NUDOCS 8812010133 | |
| Download: ML20195H962 (3) | |
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4 VERMONT YANKEE NUCLEAR POWER CORPORATION RD 5 Box 169, Ferry Road, Brattleboro, VT 05301 1
November 28, 1988 (802) 257-5271 United States Nuclear Regulatory Comnission Document Control Desk Washington, DC 20555
References:
(a) License No. DPR-28 (Docket No. 50-271)
(b) 10CFR, Section 140.21
Subject:
Vermont Yankee 10CFR140.21 Submittal:
Licensee Guarantees of Payment of Deferred Premiums
Dear Sir:
In accordance with the requirements of 10CFR140.21(e); enclosed herewith are the annual cashflow statements for Vermont Yankee and each of Vermont Yankee's nine sponsor companies for the year 1988.
This information is sub-mitted as evidence that Vermont Yankee maintains an approved guarantee of payment should a $10 million retrospective premium be assessed under the Price-Anderson Act.
Under the Power Contracts between Vermont Yankee and its nine sponsor com-panies, Vermont Yankee would bill retrospective premium assessments to its spon-sors as part of the monthly Power Contract Billing. As such, the "Cost of Purchased Power" as expressed in the enclosed sponsor financial information has been adjusted to reflect the effect of including the maximum annual retrospec-tive premium obligation for each sponsor company.
Purchased power costs are paid for by our nine sponsor companies out of operating revenues rather than net income or sponsor financ'ug and, as such, we suggest that each sponsor shown on the enclosed table has operating revenues which are more than adequate to pay all purchased power costs including the pro-rated minimum premium assessment.
Should you have any questions or require further information regarding this matter, please contact this office.
y truly y u s, 5,,hRch>)
hn T. Pearson e912010133 891128 Vice President Administration F DR ADOCK 0500 1
and Finance, Treasurer JTP:hp Enclosure
(
cc:
United States Nuclear Regulatory Comnission Region !
United States Nuclear Regulatory Comission -
Resident Inspector - Vermont Yankee Nuclear Power Corporation
VERMONT YANKEE 10 CLEAR POWER CORPORATION 1988 ESTIMATED CASHFLOW (dollcro in 900'c)
Internal funds March 31 June 30 Sect 30 Dec 31(est)
TOTAL Net Incone 2.406 2.123 1.957 1.958 8.444 Deprec:ation 3.636 3,487 3.561 3,584 14.268 Fuel Amortz::ation 8.490 7.653 6.818 8.413 31.374 Income Tax Accrual 651 615 438 1.569 3.273 Dividends (2.419)
(2.132)
(1,957)
(1,957)
(8,465)
Income Tax Refund (oavnents)
(81b)
(5.719)
(12.221) 8.740 (10.010)
Fuel Disposal Payments (1.003)
(1,118)
(1.009)
(891)
(4.021)
Pro-Forma Power Cost Assessment Under Power Contracts for Retrosoective Premiums Payable by Soonsors per 10 CFR. Section 140.21 10.000 10.800 10.900 10.900 40.000 Sub-Total 20.951 14.909 7.587 31.416 74.863 Pro-Forma Irternal Cashflow Other Sources - Net (13.419) 13.231 G.127)
(10.548)
(13.863)
External Financino - Net 6.874 (13.453) 10.352 (3.691) 82 l
Total Funds From All Sources 14,406 14,687 14.812 17.177 61.082
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Cash Recuirements Construction Exoenditures (include removal costs) 869 1,390 610 3,881 6.750 Nuclear Fuel Purchases 3.537 3.297 4.202 3.296 14.332 Pro-Forma Retrospective Premium 10.000 10.000 10.000 10.000 40.000 Total Cash Recuireneents 14.406 14,687 14.812 17,177 61.082
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I I hereby certify that I am Vice President Finance & Administration and Treasurer of Vermont Yankee Nuclear Power Corporation and that this statement fairly represents the estimated CaAflow of the C pany for the
' period ended 12/31/88.
_ A(hl h4 n T. Pearson ice President Finance & Administration Treasurer
WanDT TAIRE teELDR PER CBAPOMTIBI 1168 MAATI3eE ANS CASE Rau - ENWii TaseE SPSE551 GOLLaRS D THOU5aes)
EuYa1 Emo6T GREEN EB C3eEC11:UT ENTast PWLIC SERWIE ESTEu MONTalp CettIBGE PUBLIC SDVIE MQmTAIN LAGUWe LIGHT & POWER RE*E CWOMPT W EU ARSSAORF5ETT5 ELECTRIC ELICTt!C CMPGIATIDu POWER CDRP.
POWER C3t4NT CopHNY POER CWpdNT HN591IE E1ICTRIC CO.
CW51uff LIGNT CopFANT OPEnsTIanL IEyeTim lies eBJusTE3 19es MMit3 11ss A8JUSTES ties AAMTER 1104 AGETED 1108 MMTU 1998 MMTES tite 40MTE3 1100 MMID OKuf!* 4DEutKS 22%R3 121,818 1,016,000 625,661 606,224 275,264 66,554 OKmTIE EDDC OKMTI36:
CD57 E PeomSE3 POES e 113.017 69,755 267,721 335,001 138,446 R,600 42,172 SMR MMTI26 53,236 J6,3n 415,000 134,576 236,1%
117.017 12,554 FEL 0
0 0
0 0
0 0
EMI OPEMTIE ENEM5 (E.E. futu'DessE, TMS, KMECDTIW) 23,526 14,135 250,000 82,064 133,151 40,786 7,7J0 TSTE OKMTIIE DPEis5ES 181, 771 120,265 142,R1 551,581 508,511 235,443 63,264 swa tacaE aNG Knutiles (M INTIEST DPEMO Et,UU 2,525 (250,000) 04,220 (R,063)
U0,264)
(100) u(T INC3E 15,220 12,154 (16,R1) 31,446 25.550 11,533 2,310 INTtmet Tues MapmTIm ET IuCSE 15.220 12,158 (16,RI) 143,615 J1,66 25,550 30.134 11.533 2,310 MMCuTIm me meritznitas is,040 4,n?
In,000 241,214 35,178 33,064 52,113 13,4D 2,011 KTERAES It[0E TAIES as ITC - IET 1,401 E.741)
(64,000) 38,330 3,844 15,620 1,102 4,031 67 ELDIANE F3 flMD5 USEE BWING CSISTMETIas (402)
G45)
(7,000)
(6,264)
(1,712)
(47,630)
(1,123)
(4,012) 0 3 GEMS ETWWI ASSOCIATU E/RILLSTDE 3 PNRSE IN 0
0 0
0 4,160) 0 0
(14,501) 0 0
5!v!K45 (15,355) 2,1%
(11,000)
(11h110 0 7,754) 0 0 6,006)
Et,406)
(1,605)
WITENT SEnannum INESTENT 4
0 171000 0
0 0
0 0
0 SMR INTEmeAL SDWCES - ET 6,041 2,615 0
(14,s23) 2,031 113,327 0,121) 4,154 6,233 TOTE IN' Dust FWe5/CASM RW 16.153 18,682 41,271 i&2, 0 72 44,277 131,151 30,516 13,617 1,T4 OMa 50WE5 - SET 0
0 0
4,144 0
0 0,21e) 0 0
DTEbeRL FINAIGNE - IEt 15.133 3,011 11,000 44,847 16,316 0
14,523 0
2,260 TOTAL P. pes FEGR ALL SouRES 32,046 21,613 100,271 211,063 140,313 131,151 45,815 15,617 11,284 auEnaK OuarTDLT CASE Rhr INTIRMAL PJe5 4,238 4,671 22,320 40,514 11,061 34,100 7,644 3.T4 2,256 RL S0331 8,0:2 5,423 25,0iG 52,766 35,144 34,188 11.454 3.124 2,821 KICENTAGE F MLIAR MMTIE PLANTS SsO:
ERIIDNT TaseE 35.008 20.001 20.005 1.505 4.006 4.005 2.508 2.508 2.508 SMR OPDATINE PUulTS 7.50s 0.001 77.215 285.611 56.00s 11.455 61.748 17.005 10.501
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T3fE KMINTAEE 42.505 20.001 17.21s 215.115 60.005 23.858 72.248 11.508 13.00s nfzIttsi PERIS a55ESSENT 4,250 2,000 1,R1 21,511 6,000 2,385 7.224 1,150 1,300 e tpGER WRNWT TesE'S POER CbMTRACTS WITN ITS SPWEM CapeMS, UGMNT fesE UBEB 8ILL SPONSORS TE RETROSPECTM PRDi1WI A55ESSENT aS PARI F M NONTET POER CDITRACT BILLIBE.
e5 SEn TE "C3gi y pamasn pgER* MAS ED ASJIETD it RERECT M ETTICT F IMELWINE M RAIIgggq annasu magqsg 35sESSENT FOR Ea0t SPON58R AS 9Wes AggE.
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