ML20211B780

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Forwards 1986 Internal Cash Flow Projection,Per Requirements of 10CFR140.21
ML20211B780
Person / Time
Site: Crystal River Duke Energy icon.png
Issue date: 06/09/1986
From: Greene G
FLORIDA POWER CORP.
To: Harold Denton
Office of Nuclear Reactor Regulation
References
NUDOCS 8606120017
Download: ML20211B780 (2)


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June 9, 1986 C OR Po R AT 4ON Mr. Harold R. Denton, Director Office of Nuclear Reactor Regulation U. S. Nuclear Regulatory Commission Washington, D. C. 20555

Dear Mr. Denton:

SUBJECT:

Crystal River Unit 3 Docket No. 50-302 Operating License No. DPR-72 In order to update Florida Power ':orporation's utilization of alternative (e) to satisfy the requirements of Section 140.21 of 10 CFR Part 140 for 1986, we are enclosing our 1986 Internal Cash Flow Projection for Crystal River Unit No. 3 Nuclear Power Station. Our Internal Cash Flow Projection was prepared in accordance with the suggested format outlined in the 'I. S. Nuclear Regulatory Commission Regulatory Guide 9.4 dated September 1978.

The anniversary date of the company's indemnity agreement is June 20.

Therefore, our Internal Cash Flow Projection is submitted in a timely manner. ,

After you ' review this information, we would appreciate your advising us if we cotnue to satisfy the requirements of Section 140.21.

If you have any questions concerning this information, plea'se give me a call. l 1

l Sincerely,  !

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George E. Greene, III l

Senior Vice President Financial Services GEG/jaj Enclosure 0 3 cc: Jerome Saltzman gs g

Assistant Director  ;

B606120017 860609 PDR ADOCK 05000302 I PDR GENERAL OFFICE 3201 Thirty fourth Street South e P.O. Box 14042, St. Petersburg, Florida 33733 e 813-866 5151

.o FLORIDA POWER CORPORATION 1986 Internal Cash Flow Projection for Crystal River Unit 3 Nuclear Power Station (Dollars in Thousands)

Year Ended Year Ended December 31, 1985 December 31, 1986 Actual Projected Net Income After Taxes $ 178,944 $ 175,786 Less Dividends Paid (125,246) (130,481)

Retained Earnings 53,698 45,305 Adjustments:

Depreciation and Amortization 148,243 155,882 Deferred Income Taxes and Investment Tax Credits 53,470 30,433 Allowance for Funds Used During

, Construction ( 7,144) ( 6,927)

Total Adjustments 194,569 179,388 Internal Cash Flow 248,267 224,693 Average Quarterly Cash Flow $ 62,067 $ 56,173 Percentage Ownership in Crystal River Unit 3 100%*

Maximum Total Contingent Liability $ 10,000

  • Florida ~ Power Corporation is the principal licensee as owner of 90%

of the unit. The Company is the exclusive operating agent for the owner-licensees of the remaining 10% of the unit. .

This certified cash flow statement is made as of June 20, 1986, the anniversary date of the Crystal River Unit 3 indemnity agreement with the NRC. This statement covers all of the owners of this unit.

I hereby certify the above to be correct and accurate.

Dated: June 9, 1986 ._ A M4 Georg'e E. Greene III l Senior Vice President l