RBG-33460, Forwards Certified Cash Flow Statements for Guarantee of Funds in Event of Retrospective Call Under Secondary Financial Protection Program,Per 10CFR140.21

Forwards Certified Cash Flow Statements for Guarantee of Funds in Event of Retrospective Call Under Secondary Financial Protection Program,Per 10CFR140.21

ML20059D183
Person / Time
Site:	River Bend
Issue date:	08/28/1990
From:	Plunkett T GULF STATES UTILITIES CO.
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
RBG-33460, NUDOCS 9009060135
Download: ML20059D183 (3)

Text

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1 GULF STATES O  !

UTILITIES COMPANY i I

wra maimon cost o ,o noi na si eniaamuraouisi4sa mm ARE A CODE 504 0156094 346 8651 l

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August 28, 1990 RDG-33460 File Nos. G9.5 i U.S. Nuclear Regulatory Ca mission Documnt Control Desk Washington, D.C. 20555 i

Gentlenun River Bend Station - Unit 1 i Docket No. 50-458 i

On behalf of Gulf States Utilities Conpany and Cajun Electric {

Power Cooperative, Inc., enclosed are Certified Cash Flow 1 Statments for each utility as required by 10CFR140.21 for the -

guarantee of funds in the event of a retrospective-call under the  !

Secondary Financial Protection Program.

Should you have any question, please contact us.

Sincerely, T. F. Plunkett General Manager - Business Systems and Oversight River Bend Nuclear Group Enclosure cc: U.S. Nuclear Regulatory Cm mission 611 Ryan Plaza Drive, Suite 1000 Arlington, TX 76011 NRC Resident Inspector P.O. Box 1051 St. Francisville, IA 70775 i

900906D[f5'900828

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.- me CULF STATES ITULITIES COMPANY ODNFOLIDATED STATEMENT OF CASH II.0WS (UNAUDITED)

T :r th3 tw;1v] months :nded December 31 (in thousinds) .

o Actual Budgeted

• 1988 1989 ,

PROVIDED FROM OPERATIONS Net income $ 103,143 $ 47,889 Items not requiring casha -3 +

Deferred fuel and purchased power expense--net (5,084) (26,215)

Amortization of nuclear fuel 44,393 30,000 Deprecistion and amortization 179,947 189,651 Deferred River Bend expenses, revenue requirement, and carrying 1 charges (280.145) (97,462)

( Amortization of accumuisted deferred River Bend costa - 38,575 33,313 Reduction of deferred River Bend costs 46,266 -

Deferred incore taxes--net 71,594 34,516 Investment tax credits -net (4,118) (4,431)-

Allowance for funds used during construction (10,155) (1,843)

Cumulative effect of the write down of River Bend 2 (net of income taxes) 14,369 14,888 Disputed amount 3,624 (6)

Other (9,257) (1,842)

Changes in:

Receivables--net of disputed amount (756) 8,616 Fuel inventories 1,920 8,539 Materials and supplies 237 (671)

Prepayments and other current assets (7,496) (2,567)

Accounts payable--trade 4,197 (7,452)

Customer deposits 1,053 600 Taxes accrued 14,704 2,221 Interest accrued (7,353) (10,442)

Other current liabilities 3,656 1,081

• Net cash flow provided by operating activities 203,314 218,383 FINANCING ACTIVITIES Increase in deferred River Bend construction and continuing services commitments 4,428 2,464 Payment of deferred River Bend construction and continuing services consnitments (8,400) (31,512)

Payments of lease obligations (38,188) (27,468)

Retirement of long-term debt (107,320) (111,653)

Increase in other long-term debt 680 679 Net cash flow used by financing activities (148,800) (167,490)

INVESTING ACTIVITIES Construction expenditures (38,654) (55,376)

Nuclear fuel expenditures (75,530) (19,660)

Sale of nuclear fuel -River Bend fuel lease -

98,893 Allowance for funds used during constrtecion 10,155 1,843 Deposit to escrow account (12,000) -

Other property and investments (4,157) 14 Net cash flow provided by (used by) investing activities (120,186) 25,714 Net change in cash and cash equivalents (65,672) 76,607 Cash and cash equivalents at January 1 168,065 102,393 Cash and cash equivalents at December 31 $ 102,393 $ 179,000 Average quarterly funds available $ 25,598 $ 44,750 Percent ownership in all operating nuclear units:

River Bend 70%

• 70%

Maximum total contingent liability $ 7,000

• Based on six months actual and six months updated budget income statement. No assurances can be given that the budgeted results can be achieved.

Certified as correct: l T.//. Willis Vice President and controller l i

August 11, 1989 i

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CAJUN ELECTRIC POWER OOOPERATIVE, INC.- ,

1990 CASH FLOW OUTLOOK

($ 000's) l 4

THRU 06/30/90 3RD QUARTER 4TH QUARTER TOTAL 1990

. APPLICATIONS OF CASH CAPITAL ADDITIONS $3,379 $7,357 .$1,078 $11,814 OONSTRUCTION WORK IN PROGRESS 3,601 3,174 7,599 14,374 LONG TERM DEBT RETIREMENT 82,378 38,510 1,715 122,603 OTHER OUTLAYS 86 0 0 86 TOTAL APPLICATIONS OF CASH $89,444 $49,041 $10,392 $148,877 SOURCES OF CASH NET MARGIN ($113,277) ($46,951) ($74,847) ($235,075).

PLUS: NONCASH EXPENSES 54,373 46,451 76,459 177,283 LESS: NONCASH REVENUES 0 0 3,529. 3,529 CASH FROM OPERATIONS (58,904) (500) (1,917) (61,221)

PLUS: NET TIMING DIFFERENCES 123,110 30,419- -7,074 160,603 TOTAL SOURCES $64,206 $29,919 $5,157 $99,282 .

DEFICIENCY TO BE FUNDED FROM LOANS AND OTHER SOURCES $25,238 $19,122. $5,235 $49,595 i

'l I HEREBY CERTIFY THAT, TO THE'BEST OF MY KNOWLEDGE, THE ABOVE 1990 CASH FLOW OUTLOOK FOR CAJUN ELECTRIC POWER COOPERATIVE, INC.

-IS A REASONABLY ACCURATE PROJECTION BASED UPON JANUARY - JUNE ACTUALS AND JULY - DECEMBER PROJECTIONS.

wonw r EXECUTIVE VICE PRESIDENT & CENERAL MANAGER l

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