RC-06-0058, Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e) Report

Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e) Report

ML060940436
Person / Time
Site:	Summer
Issue date:	03/31/2006
From:	Archie J South Carolina Electric & Gas Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
LTD 202, RC-06-0058
Download: ML060940436 (4)

Text

I Jeffrey B. Archie Vice President, Nuclear Operations 803.34Ei.4214 v StE&GO March 31, 2006 A SCANA COMPANY U. S. Nuclear Regulatory Commission Document Control Desk Washington, DC 20555

Subject:

VIRGIL C. SUMMER NUCLEAR STATION (VCSNS)

DOCKET NO. 50/395 OPERATING LICENSE NO. NPF-12 GUARANTEE OF PAYMENT OF DEFERRED PREMIUMS ANNUAL 10CFR140.21(e) REPORT In accordance with 10CFR140.21(e), South Carolina Electric& Gas Company (SCE&G), acting for itself and as agent for South Carolina Public Service Authority, is hereby submitting the required 2005 actual and 2006 projected cash flow statements.

Portions of the 2006 cash flow information are considered company confidential, and as such we request that it be withheld from public disclosure pursuant to 10CFR2.390(b)(1). The affidavit to support this request is provided as Attachment 1. Proprietary and non-proprietary versions of the cash flow information are provided by Attachment 2 and Attachment 3 respectively.

Should you have any questions, please contact Mrs. Donna Railey at (803) 345-4107.

DWR/JBA/dr Attachments (3)

1. SCE&G Affidavi to Request Withholding of Proprietary Information from Public Disclosure

2. SCE&G's 2005 Actual Cash Flow and 2006 Projected Cash Flow (Proprietary Version)

3. SC'E&G's 2005 Actual Cash Flow and 2006 Projected Cash Flow (Non-Proprietary Vers on) c: N. O. Lorick NRC Resident Inspector S. A. Byme K. M. Sutton N. S. Cams NSRC J. H. Hamilton (without attachments) RTS (LTD 202)

R. J. White File (818.02-4, RR 8175)

W. D. Travers DMS (RC-06-0058)

R. E. Martin lAttachment 2 Contains SCE&G Proprietary Information -j SCE&G I Virgil C.Summer Nuclear Stotion

• P.0.Box 88

• Jenk.mviile, South Carolina 29065 1T (803) 345.5209 . www.scona.oom -Aooq

Document Control Desk, USNRC Attachment 1 LTD 202 RC-06-0058 Page 1 of 2 UNITED STATES NUCLEAR REGULATORY COMMISSION SOUTH CAROLINA ELECTRIC & GAS COMPANY OPERATING LICENSE NO. NPF-12 VIRGIL. C. SUMMER NUCLEAR STATION DOCKET NO. 501:395 Request to Withhold Proprietary Information from Public Disclosure South Carolina Electric & Gas Company, a South Carolina corporation, hereby requests that to the letter entitled "Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e) Report" dated March 31, 2006, be withheld from public disclosure due to its proprietary nature. The details of this request are provided in the following affidavit:

AFFIDAVIT I, Jeffrey B. Archie, being duly sworn, depose and state as follows:

(1) I am Vice President, Nuclear Operations, South Carolina Electric & Gas Company (SCE&G) and have been delegated the function of reviewing the information described in paragraph (2) which is sought to be withheld, and have been authorized to apply for its withholding.

(2) The information sought to be withheld consists of portions of the 2006 Projected Cash Flow that is included in Attachment 2 to SCE&G's March 31, 2006 letter to the NRC entitled "Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e) Report".

Attachment 2, a one-page document, has the words "SCE&G Proprietary Information" on the bottom of the page.

(3) In making this application for withholding of proprietary information of which it is the owner, SCE&G relies upon the exemption from disclosure set forth in the NRC regulation 10 CFR 2.390(b)(1) for confidential financial information.

(4) Justification for the request for withholding from public disclosure is provided by addressing the five items identified in 10 CFR 2.390(b)(4).

To the best of my knowledge and belief:

a. This information is considered company confidential and has been held in confidence by SCE&G.

b. This information is of the type customarily held in confidence by SCE&G and the rationale basis is that it would provide an unfair advantage to competitors if it were disclosed.

Document Control Desk, USNRC LTD 202 RC-06-0058 Page 2 of 2

c. This information is transmitted in confidence to the NRC and the purpose of hlis request is to maintain its confidentiality.

d. The 2006 projected cash flow information is not available from public sources.

e. Public disclosure of the information sought to be withheld is likely to cause herm to SCE&G's competitive position and reduce the availability of profit-making opportunities.

This letter contains no restricted or other defense information.

I certify under penalty of perjury that the foregoing is true and correct.

SOUTH CAROLINA ELECTRIC & GAS COMPANY 313

/ a696 Executed on ce P Jeffrey etNu chie

//tce resident, Nuclear Operations

Document Control Desk, USNRC Attachment 3 LTD 202 RC-06-0058 Page 1 of 1 NON-PROPRIETARY VERSION SOUTH CAROLINA ELECTRIC & GAS COMPANY INTERNAL CASH FLOW PROJECTION FOR V. C. SUMMER NUCLEAR POWER STATION Excludes SC Generating Company (MILLIONS OF DOLLARS)

PRIOR YEAR PROJECTION YEAR 2005 2006 ACTUAL TOTAL TOTAL NET INCOME AFTER TAXES $ 258 LESS DIVIDENDS PAID (153)

RETAINED EARNINGS $ 105 ADJUSTMENTS DEPRECIATION AND AMORTIZATION $ 472 DEIERRED INCOME TAXES AND Withheld from INVESTMENT TAX CREDITS $ (89) public disclosure ALLOWANCE FOR FUNDS USED per Affidavit DURING CONSTRUCTION $ (3)

TOTAL ADJUSTMENTS $ 380 INTERNAL CASH FLOW $ 485 AVERAGE QUARTERLY CASH FLOW $ 121 NON-PROPRIETARY VERSION