ML20248B760
| ML20248B760 | |
| Person / Time | |
|---|---|
| Site: | Indian Point  |
| Issue date: | 07/31/1989 |
| From: | Bram S CONSOLIDATED EDISON CO. OF NEW YORK, INC. |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| NUDOCS 8908090325 | |
| Download: ML20248B760 (2) | |
Text
, _ - _ _
Stephen Gk Bram V=Q Proscent E
4 Consolidated Edison Company of New York, Inc.
Indian Point Station f
Broadway & Bleakley Avenue
[.
Buchanan, NY 10511 Telephone (914) 737 8116 July 31, 1989 Re:
Indian Point Unit Nos. I and 2 Docket Nos. 50-03 and 50-247 Document Control Desk US Nuclear Regulatory Commission Mail Station F1-137 Washington, DC 20555
SUBJECT:
Report Submittal Pursuant to 10 CFR 5140.21
" Licensee Guarantees of Payment of Deferred Premiums" Enclosed, pursuant to 10 CFR 5140.21, is a projection dated July 14, 1989, for the period August 1, 1989 to July 31, 1990, demonstrating that Consolidated Edison Company of New York, Inc. will have sufficient cash flow and/or cash reserves available throughout such period to pay any applicable retrospective premium to which the Company might be subject.
Very truly yours,
/
Enclosure cc:
Mr. William Russell Regional Administrator - Region I US Nuclear Regulatory Commission 475 Allendal=. Road King of Prussia, PA 19406-1498 Mr. Donald S. Brinkman, Project Manager Project Directorate 1-1 Division of Reactor Projects I/11 US Nuclear Regulatory Commission Mail Stop 14B-2 Washington, DC 20555 Senior Resident Inspector US Nuclear Regulatory Commission PO Box 38 Buchanan, NY 10511 Mr. Ira P. Dinitz US Nuclear Regulatory Commission Mail Stop 12E-4 Washington, DC 20555 ffh L '\\)
8908090325 800731 i
PDR ADOCK 05000003 J
_______J
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.g-03MX.TDA*ITD 127150N CTTAf4 0F' nrm YOPJt, SNC.
S PRuffLTIai 0F ABI111Y 'ID PAY KrmuerrraVE PRIMILM ARTUS'IMEhT i
Jul PERIG) AIKIET 1.1989 - JULY 31,1090 l
(Millions of Dollars) i 1.
Past Earnirp, Net Cash Flcws fra Operating Activities and Allowance for Ends Used During Constnction:
Year hxled Decerntwr 31 1988 1987 1986 1985 1984 1983 1932 1981 1980 1979 Nut Incme
$599.3 $550.1 $546.4 $ 563.7 $620.0 $575.8 $492.6 $448.0 $334.7 $323.9 Net Cash Flcus fra 0;= rating Activities (A) 661.2 884.7 932.1 1,054.7 985.4 971.0 657.5 870.9 638.8 511.0 AFDC 12.1 15.3 10.1 10.3 22.4 14.7 18.5 12.4 7.8 5.4 (A) The 'jenra 1979 through 1987 havt been rer*.ated to reflect the adoption of a Stateraent of Cash Flcus in accordance with Statment of Financial Accountirs Standard No. 95, II. Available Cash and Tanporary Cash Investments at June 30, 1989: $110.3 million.
III. Estimated Depreciation aid Deferred Taxes:
Year Ended Decmber 31 1989 1990 Average Depreciation.
$313
$334
$326.0 Duferred Taxes 40 59 49.5 Total
$358
$393
$375.5 IV. Estinated Expenditures for Construction and Nuclear Ibel:
Year Ended Decenter 31
- 1939, M
Averar,e Construction
$622
$653
$637.5 Nuclear 1 % 1 16 41 28.5 Total
$638
$694
$666.0 V.
Analysis:
Con Edison's net incme has grcun frm $323.9 million to $599.3 niillion in the last ten years.
Con Edison expects to finance its capital requirerrents for 1989 and 1990, including requirements for wturing long-term debt, frm irrettally generated funds and debt financings of $250 ntillion in 1989
($150 million issued in January 1989) and $350 million in 1990. During the pericxl August 1,1989 -
. July 31,1990, Can Edison will retire $59.0 million of Img-Term Debt and E2.3 million of Preferred Stock.
The Cairpany believes it will have suf ficient cash ficw and cash reserves to pay any applicable retrospective premim ad)ustnett during the period August 1,1989 - July 31,1990 CERTIFICATION 1 Carl W. Creene, Vice President and Controller of Consolidated Edison Carpany of New York, inc, (" Con Idison"),
hereby certify that the historical data presented above correctly reflect the accounting records of Con Edison and in my opinion the estimates presented above are reasonable.
1 l
3.
m July 14,1989
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