ML20214W451

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Forwards 1987 Internal Cash Flow Projection for Plant, Prepared in Accordance W/Reg Guide 9.4.Projection Submitted Prior to 870620 Company Indemnity Agreement Anniversary Date
ML20214W451
Person / Time
Site: Crystal River Duke Energy icon.png
Issue date: 06/05/1987
From: Greene G
FLORIDA POWER CORP.
To: Harold Denton
Office of Nuclear Reactor Regulation
References
RTR-REGGD-09.004, RTR-REGGD-9.004 NUDOCS 8706160028
Download: ML20214W451 (2)


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      • $ Certified Mail Florida power CORPORATION June 5, 1987 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 Corporation's utilization of alternative (e) to satisfy the requirerent:: of Section 140.21 of 10 CFR Part 140 for 1986, we are enclosing our 1987 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 U. 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 continue to satisfy the requirements of Section 140.21.

If you have any questions concerning this information, please give me a call.

Sincerely,

, WW George E. Greene, III Senior Vice President Financial Services GEG/jaj g Enclosure I i l 8706160028 870605 l PDR ADOCK 05000302 I I PDR GENERAL OFFICE: 3201 Thirty fourth Street South

  • P.O. Box 14042

(813) 866-5151 A Florida Progress Company l

4 a

FIDRIDA POWER CORPORATION 1987 Internal Cash Flow Projection for Crystal River Unit 3 Nuclear Power Station (Dollars in Thousands)

Year Ended Year Ended December 31, 1986 December 31, 1987 Actual Projected Net Income After Taxes $ 187,593 $ 179,178 Less Dividends Paid (131,912) (134,728)

Retained Earnings 55,681 44,450 Adjustments:

Depreciation and Amortization 146,998 162,945 Deferred Income Taxes and Investment Tax Credits 37,307 26,754 Allowance for Funds Used During Construction ( 5,826) ( 4,220)

Total Adjustments 178,479 185,479 Internal Cash Flow 234,160 229,929 Average Quarterly Cash Flow $ 58,540 $ 57,482 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, 1987, 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 5,.1987 c George E. Greene, III Senior Vice President