ML20210T218
| ML20210T218 | |
| Person / Time | |
|---|---|
| Site: | Satsop |
| Issue date: | 09/17/1975 |
| From: | Cioni R Office of Nuclear Reactor Regulation |
| To: | Parr O Office of Nuclear Reactor Regulation |
| References | |
| CON-WNP-1678 NUDOCS 8605290801 | |
| Download: ML20210T218 (7) | |
Text
l i
'\\
SU-$0$
DISTRIBUTIO:i:
SEP 17 E75 Docket Filcs (2) % 4 7 FIN Reading File NRR Reading File Subject file RilCioni Docket nos.s 50-503s N;eltz and fac-:auG M.
DSkovholt Olan D. Parr, Chief, Light Uater Reactors Branch 1-3, RL liL'd : Ocnald J. 5.ovholt, Assistant Dir. ctor for Quality lissurance 2
end 0,rcecticas, EL UAS:d. 2T7 P,A.LIC iTG SdT'i.Y SYSTE":
!! have revie i th. financici informtien in tb l i ct.nt a r.t. pl i c.' t i',a (ca t..'.'u ly 30, i ?77.) :n:i in o.2n: ent ;3.1 in. fret') (:ia ted ferrt. 1 ',,
IS75) for C'.; rac ir.: f e cili ti. e. TDs;,ases to th, Gitaci.cd lic.L af qu..'io., cra r. r.i ta un bt. the nrnivusly su.nitte.: i r. f 0 r.
iica cod to e,c. :r. a.!di t ie al infor..tia.i.
i.. v-nll an nic es to cemi"t2 rar r:vit af A. c; licc.t's fi.i acic:1 cuali ficnicas to J.::.ica and :cantext
- ? c c. t : 'J ca:f x i:,,'."; c.;mliccat'e cc..let? rc:pcos "
ccL5: r 2/.
117L, i.' br.br ;
S. t. 7. ' '., ^.ui<;11 cc ' nt in:'ut uc.;. of Decr ':r 5,19/ E,,
as sf. a:ifi;J in Lh2.. #
f:ich*:r i !!. Cio':i, Fi;.anci;l.. 1: 31 Offic.. cf the it:>ir tvit Dir cter f o r ' n i i t *, " '.e rx t i.r;. ~ ' a s Divisina of.1:.:cr Lice.;.s!:'
i.n ci o s..re :
As s t.t;.!
cc: v/enclosero P. O'i.:cill y V. 911501 '
N[
J. Paterse..
su v NT 8605290801 750917 U
{DR ADOCK 05000508 PDR L
..,_.I W.EIiL.
_..On0/fI.IL.... iD 30.. -. -
.a *
.X:el tz ;,.h. t s,.
s 03koybl.t._
4..
.om a
- It.Tien1/uan.
1
?D i.E!5.
?li7. OS..
. 9I. ; f 7F Term ALC 313 ( se,. v.9) AJr.M c:43
%* u. e. sava n s wer ra ra,u.
- s rK re.* **.524.t e s
+
O
~
REQUEST FOR ADDITIONAL SEP 17 hl75 FINANCIAL INFORMATION WPPSS NUCLEAR PROJECT NOS. 3 AND 5 DOCKET NOS. 50-508 AND 50-509 1.
Provide for each unit of the subject facility the most recent cost estimates grouped as follows:
(a) total nuclear production plant costs; (b) transmission, distribution, and general plant costs; and (c) nuclear fuel inventory cost for the first core. Also, complete the attached schedule titled, " Plant Capital Investment Summary",
for each unit using the most recent cost estimates.
Indicate the site labor requirements for each unit expressed as " manhours /kWe".
Indicat2 the average site labor pay rate in dollars per hour (including fringe benefits) effective at month and year of NSSS purchase.
2.
If nuclear fuel for the facility is to be acquired by lease or other arrangement than purchase, submit copies of the lease or documents relating to the "other arrangement".
3.
Provide the earliest and latest estimated dates for, completion of con-structi6n of each unit.
4.
For each investor-owned utility complete the attached schedule titled,
" Sources of Funds for System-Wide Construction Expenditures During Period of Construction of Subject Huclear Power Plant," thru the year of earliest estimated completion of Unit 2.
Provide a detailed explana-tion of the assumptions upon which the " Sources of Funds" statement is based. These assumptions include, but are not necessarily limited to, (a) rate of return on average common stock equity; (b) preferred stock dividend rate; (c) growth rate in KWH sales, revenues, expenses, interest charges and net income; (d) common stock price / earnings ratio or the market / book ratio with respect to the projected common stock offerings; (e) common stock dividend payout ratio; (f) target capital structure; (g) resultant SEC and indenture interest coverages over the period of construction; and (h) long-term and short-term debt interest rates.
5.
For each investor-owned utility, provide calculations of net earnings and interest coverage for the most recent twelve months' period using the definitions of net earnings and annual interest requirements (on debt presently outstanding) using the most restrictive test set forth in the mortgage bond indenture. Assuming a range of interest costs considered realistic by the utility, state the additional amount of first mortgage bonds which could be issued under the most restrictive test based on not earnings as defined by the indenture for the most recent twelve months' period.
b
- .s t
i I 6.
Describe in detail the ownership shares and the financing plan for
' WNP - Unit 5 which was not firmly established at the time amendment No. I was submitted to the Commission.
7( Provide for each of the'four investor-owned companies the following information:
-(a) Describe the nature and amount of the most recent rate relief action (s) and its anticipated effect on earnings and on funds available for construction. Provide copies of the rate order and opinion.
In addition, indicate the nature and amount of any pending rate relief action (s). Use the attached form to provide this information; (b) Copies of the 1974 Annual Report to Stockholders; (c) Copies of the 1975 ist quarter, 2nd quarter, (and 3rd quarter when available) income and retained earnings statements and balance sheet. Provide the same statements for the most recent 12 months period. Also provide copies of similar statements for the corresponding periods ended in the previous year; and (d) Complete the attached fonn entitled " Financial Analysis" for the years ended December 31, 1974 and December 31, 1973.
8.
By way of updating Amendment No. f, provide the following additional information:
(a) Indicate if WPPSS has firm contracts covering the entire electrical output capability of K4P-3 and W'IP-5.
If not, state the status and proposed alternative finar.cing plan; (b) Copies of representative samples of contractual commitments as well as samples of the ' Net Billing Agreements" for WNP-3; (c) Describe in detail the contractual arrangeme ts for WNP-5 which was not firmly established at the time Amendment No.1 was submitted to the Commission; and (d) Copies of resprdsentative samples of contractual conaitments for WNP-5.
9.
Provide representative copies cf excerpts from state statutes on which euch consumer-owned utility is relying as duthority for its rate cov-enant. Also, describe the procedures used by the consumer-owned utilities in setting rates or charges for power and energy and other services.
/
E r
e F.s a
e e.-
~
s
C 3.
..,... O. 1 o.
- l. 4 ;.,,..;
- f. o...e 7. %..,. e. 2...,
13 L,.., C.
3,,..,
.1
.:...u.
.. ~
.c...,s..,...
u..
.r / SI_C_D..!.'_".'..
1;c:.' i.i,s 1c..t Coc t bat.J.s r.t rt art of crantreet :..
1*c t: cc.+.c cit)*
H!(c)
Reactor type Lot.n tien Tyr_i of cc.olftc lam of river
!!cturtil dre:f t
_D 9 1. a
- r.. ' c r i.., i..n..:.c. t..i.m.... : < r i c_t.
t.
.-.~
COO"!17.u" t ..
- r f.
l'oa
- b, ; e a r. :;!.'.;:; cr h r lhcl.uicn) d re. f r co2)inr I.11...
tr,.
11e t':.
- v. e.
of ec:..n cir..t Other (due:;ise).
c.t :.. L i m.
I,r :,
- I,;. m.
.-............e
. ~.
)n: s rr ' i:
c, 2 a rrt. t
- ,. ; 1. *
.__....f-- 1.. t c: cn.
r.t..v' 'l rk ) O r.
('.,.. :...:
- j....r -
-,.'.T T ot '.i C:
.A.c..c,.,.....
(th;e D r. P '.
1;'
S 20 L:;nd.
3: - '
t : ~..-. -.
3 sv
.nd tit.
- iciliti.r..........
2.1 bt l't. ;i r 2 '<f E..
'e' p } i *. *; L -
l1,'i
- f t: d, j : J p.'.
- 2!;
1."i c.' t ::2 :. ;- ),.t
.y
..t................
2 ',
!!1cc. pl. et e m-b_,, _. __
.e.. t. l d. 1.........................
w.c Sp *:Ye irarL5.. I 3 P.
Ih...................
Co n t i a. a cv c 1) c..m c c...................
S ub t c, t a l........................
5_......_...
_1::n..i..n.r. c..r.c.'.'.s'r s.
91 Conntructica incilitics, equip't, and r e r '. ! c c f...............................
92 En:. int erin;, and eOnit. r ?, ' t. r, e tyi ce....
9 ';
Other cento.............................
94 Interent. duririg ;cnctruction............
S ub t i. L c )............' '............
S t a r t. o f con" t r'r' t i cn cc 3 t..............
....... ~
- A Es. e n) r. t !.c c du.- $. r.;. c c "I t ru c t fe. r. ( 4 2 v. r.).
'c...'
t
. g g e, p.ji. 9.y 3.c,.nt (g-/:ge) j.g.;p 3
- -- :..: z.
8.Indiccte ner. irate es en t:.tica raten f oicite labor, sitd r stericolo, cnd fe 1 t cr.a r i cr;ui.pt. cat, if arl i c:> Lh..
s t
.t b
+-
~
_e
's.
m e
e l-g" h
.'.y;..
. ;.:::..i-f.....
.-:,y >;' - -, e., --
sy.., a -.. *.
~<
a...
- .v.. :..
.... r......,....:.;.
.r.
a.
a, v.
I i
4 1
'. 7 l
f., '...
1.
c
.I m,.;
r.*
e,,,,
.s I,;
e {'*
,.e a
og v;j
.e 9
.t 1
].,
s
. e.
n a
i o
.v w
o' <.y
?
w'.
- r:.
I 3.
87 i
j 1
j !
.4 C. s
. s, e,
l c
.e
.o o.,>.
e
,.x
.I 4
6.
7
.1,,a t.-
g-
..v t.
i,.
. <,, m t
r.
11 n::
n v;
.m,>
v.i.l: -
j ;:t.
t-I>,
f sI:s l
1 o
I a
- t. l... l y;+
I c,..
t i
y..
,..l_
'l 1
l
- i..
..,1
.a q
v,
.'..i.
- . s
.I l
n
. :p.
a
.x; e.i i
3 i
i i
..>l -
1 i
i i
/q.;;J..
- .l
.i
....)
.d.
- s. i,;.
.. +
l
.o r
,3,
..-.I
..1, -
1 1
.. r..
u,..
..i t
.I
.,4
, i, u
-'U 8
1) l l
l e
- ,1 e.
I.
+
.c.' ::
~l o
i
.i
}
.I
.n, s t.'
,A
- i ii
,o c,
oo
.j-
.$. r s.-
- N 1'
e o
t 1 t 4
i.
e.
I t
o r-i N;d
'I.
- i.
- .
i':
w v>
d,u.
s o
u o
-1 i:
y, 6.
i J..
s
.:>' q n
n
- 4. o i f:
t.1 Y.
i,, a O
. n n
'M D. a? 'd *2
'd E. 's!.
O.
a If;.j N...'
- . a..[:
j
- s
.2 i.
r/.
- i. p' e,,. <,
o
.a,.o. y 4 6 ::n is.
o..
- }
- J.?, s.:
0 +n h i,::
<s n,.
- )
u
... s..
r:
+
o.:
s, J.1 d "o o
.,, u
.;..o..r,.; t 4
,c.: o
- ) i.":
2 <s 3
3.: c:
,:.3. [.,
o.-
.i.3
.~
.u.3 s:.
., r:
- u.. *'j,g I-s
~.
o.
a.
5
'. o.. 'J
's
- 8..: :s n.::j 5.,
- a e
t*
..e
., -. o. se.'
. s.., ;,
a.
u.
,s
.n.
e t.d.c. a. <i,,
s..
s.
o
...2 3,.
5-
.,,. 3
- s..
e
,. s.,
.s 73
.,'J,
,.3
.. u..e,.n...,.,
y ti e,.
- 3 o.
.a i.
r.,,
s.
3 g s.:
s
. c. u o > :.
o s. ooo a,
2 8
0 f. el X U U
- X.-4 0
- C1." Q I
$ % 0.
'o r 11
..l
().
u I
t
)
S ATTAOCEhT FOR !UEDt 7a RATE DEVELOPliDiTS**
Electric Gas Steam Granted
- Annual annunt - tes'c year basis (000's)
Percent increase Effective date Rate of return on rate base authorized Rate of return on coamon bouity authorized Revenue Effcct (000's)
Amount received in ycnr grcnted Amount received in.sursenuent year
[e_ndinaRequests_
n Arnount (000's)
Percent increase Date filed Date by thich decision must be issocd Rate of ter.orn on rain bese recuested Rate of return on cotr.c,n omgity reeves ted,
- Provide copies of latest rate order.
- Provida cooics of the submitted testinony of the staff and company in the last rate relief action or pending rate relief request.
e 6
/
f t
O w
r
- - - - - - - ~ - - - - - - - - - - - - - - - - - -
i
\\-
n i n u. u... ren
,ir...
. v.fa Fl!MCIAL A"id YSIS
\\
1974 1913 (doliers in nillions Earnings available to co=on equity Average coran equity Pa te: of return on cverage ccr.on equity llet incor before total interest charges ***
Total interest charges Tire:; total interest charges carned l'et inccr.e Lefere total intt-rest charges ***
Interest on lo:;g-tcin dtht firaes lon -ter;a interest cht.rgt:: carned*
Gro:.s ir.ctce af ter ice; 10101 intcr. f t. clari.cs & pref errcd dividends i'ref er rcd sittk coveri.ge*
- Al'UDr.
l'et it;t(c..e af ter pref erral divident.
'i.
Operi tira exr.ines (less den, f. total taxes) 0;.::t t i in:, t (.t..le :.
l'p(Tri ti t a',; ratiG liarhet priv of c: ren l'ook veire of co en liarket-1:ed. ra tio Cash eat nir ':s braila!)le f or ch.. ton 00:. :an divinr.':s lutio Capitalir:.tien (h.mt s 1 crec. O LODD-tfTil (' St Preferred SteCk Con:ron equity
- Provida latest l'et Er.rnings Certificate sho. tint inttrest ct.crage citalr.ted it.
ectordar.cc mth the prcvisicns ci the n:ortgage and/or debenture inden'urc teget!..
vith a copy of the indentt;re(s).
- 1f the Corporate Chr.rter centcins a preferred stock coverage reofiirc:ent, provide that portion unich t hr. s he..' tu h c; veri.ge i. to be cciculated.
l a A*lncluue inco a tans - cerrent arci do,f arrad.
=
f*
...7
_.