ML20236V155

Submits 1998/1999 Statement of Cash Flow from Operations, as Guarantee of Payment of Deferred Premiums for Period of 980630 to 990630

ML20236V155
Person / Time
Site:	Fort Calhoun
Issue date:	07/27/1998
From:	Gambhir S OMAHA PUBLIC POWER DISTRICT
To:	Dinitz I NRC
References
LIC-98-0099, LIC-98-99, NUDOCS 9807310335
Download: ML20236V155 (3)

Text

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8998 Omaha Pabic Power Dstiet j

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t Omaha, Nebraska 68102247 July 27, 1998 LIC-98-0099 U. S. Nuclear Regulatory Commission Attn: Mr. Ira Dinitz Mail Stop: 10HS Washington, D.C.

20555 i

Reference:

Docket No. 50-285

SUBJECT:

Guarantee of Payment of Deferred Premiums for the Period of June 30, 1998 to June 30, 1999 In compliance with 10 CFR Part 140.21, the Omaha Public Power District (0 PPD) files the attached "1998/1999 Statement of Cash Flow from Operations" as its guarantee of payment of deferred premiunt.0r the period of June 30, 1998 to June 30, 1999. The cash flow

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statement deviates slightly f rom the format of NRC Regulatory Guide (RG) 9.4 because OPPD is a political subdivision of the State of Nebraska.

However, the pertinent information identified in RG 9.4 is provided. A copy of Bond Resolution 1788, which established the payment priorities listed on the cash flow statement, was filed with our 1979 guarantee report.

If you should have any questions, please contact me.

STT:erely, k

. Gambhir Division Manager Engineering & Operations Support SKG/mle Attachment c:

E. W. Merschoff NRC Regional Administrator, Region IV L. R. Wharton, NRC Project Manager W. C. Walker, NRC Senior Resident Inspector NRC Document Control Desk Winston & Strawn i

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9807310335 980727 PDR ADOCK 05000295 I

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ATTACHMENT

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LIC-98-0099 OMAHA PUBLIC POWER DISTRICT 1998/1999 Statement of Cash Flow FromOperations(a)

(Dollars in Thousands)

Actual Projected 12 Months 12 Months ended 5/98 ended 6/99 Operating Revenues

$479,335

$489,673 Interest Receipts (b) 8.513 7.169 Total Cash Receipts 487,848 496,842 Less: Operating Expenses (c) 295,139 281,333 Payments in Lieu of Taxes (c) 16.443 16.192 Funds Available for Debt Service 176,266 199,317 Less: Debt Service Payments (d) 87.614 86.646

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Funds Available for Other Valid Corporate Purposes (e)

$88.652

$112.671 Average Quarterly Cash Flow

$22.163

$28.168 Percentage Ownership - Fort Calhoun Power Station Unit No.1 - 100%

Maximum Total Contingent Liability Per Incident Per Calendar Year - $10,000,000 Notes:

(a)

The format of this cash flow statement is in accordance with the payment priorities as established by the Bond Resolution 1788.

The payment priority scheduled for funds realized from operations is as follows:

First Priority:

Operations and maintenance expenses and payments in lieu of taxes. t l

ATTACHMENT LIC-98-0099 Second Priority:

Debt service (principal and interest) on all outstanding bonds.

Third Priority:

All other valid corporate purposes.

These purposes would include construction, nuclear fuel, working capital, and any other use of the funds to provide for an ongoing utility business. The payment of any funds for the NRC guarantee would fall into the third priori ty.

(b)

Interest collections have been normalized to reflect only the types of interest collections feum normal ongoing funds and do not reflect any interest collections made from special construction funds.

(c)

Operating and Maintenance Expenses and Payments in Lieu of Taxes have first priority on use of funds derived from operating revenues.

(d)

Debt Service Payments have second priority on the use of funds derived from operating revenues.

(e)

These funds represent the internal cash flow available for all other corporate purposes and have third priority on funds derived from operating revenues.

Supplementary General Statements:

The following statements are offered to explain some cf the District's options and capabilities with respect to its financial management.

The District maintains a working fund balance of approximately $20 million in addition to special construction and restricted fcnds.

As an all-public power state, Nebraska does not have a state commission with electric rate jurisdiction.

1 The District's Board of Directors is empowered to establish electric rates.

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