RC-16-0070, Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e) Report

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

ML16111B151
Person / Time
Site:	Summer
Issue date:	04/15/2016
From:	Lippard G South Carolina Electric & Gas Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
Shared Package
ML16111B154	List: RC-16-0070, Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e) Report
References
RC-16-0070
Download: ML16111B151 (4)

Text

Attachment 2 Contains SCE&G George A. Lippard Ill Proprietary Information Vice President, Nuclear Operations 803.345.4810 41{2 SCE&G@ A SCANA COMPANY April 15, 2016 U.S. Nuclear Regulatory Commission Document Control Desk Washington, DC 20555

Subject:

VIRGIL C. SUMMER NUCLEAR STATION (VCSNS) UNIT 1 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) is hereby submitting the required 2015 actual and 2016 projected cash flow statements.

Portions of the 2016 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.

The timeliness of this submittal has been entered in the stations corrective action program as CR-16-01753.

Should you have any questions, please contact Mrs. Scarlet Lutz at (803) 931-5640.

SOL/GAL/ts Attachments (3)

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

2. SCE&G's 2015 Actual Cash Flow and 2016 Projected Cash Flow (Proprietary Version)

3. SCE&G's 2015 Actual Cash Flow and 2016 Projected Cash Flow (Non-Proprietary Version) c: K. B. Marsh S. A. Williams S. A. Byrne NRC Resident Inspector J.B. Archie K. M. Sutton N.S.Carns NSRC J. H. Hamilton . RTS (LTD 202)

J. W. Williams File (818.02-4, RR 8175)

W. M: Cherry OMS (RC-16-0070)

C. Haney Attachment 2 Contains SCE&G Proprietary Information This letter forwards Proprietary Information in accordance with 10 CFR 2.390. The balance of this letter may be considered non-proprietary upon removal ofAttachment 2.

V. C. Summer Nuclear Station* P. 0. Box 88

• Jenkinsville, SC* 29065

• F(803) 941-9776

Document Control Desk, USNRC LTD 202 RC-16-0070 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. 50-395 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 April 15, 2016 be withheld from public disclosure due to its proprietary nature. The details of this request are provided in the following affidavit:

AFFIDAVIT I, George A. Lippard Ill, 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 2016 Projected Cash Flow that is included in Attachment 2 to SCE&G's April 15, 2016 letter to the NRG entitled "Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e) Report".

_ Attachment 2, a one-page document, has the words "Proprietary Version" on the top and 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.

y.

Document Control Desk, USNRC Attachment 1 LTD 202 RC-16-0070 Page 2 of 2

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

d. The 2016 projected cash flow information is not available from public sources.

e. Public disclosure of the information sought to be withheld is likely to cause harm 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 Executed on

Document Control Desk, USNRC Attachment 3 LTD 202 RC-16-0070 Page 1 of 1 NON-PROPRIETARY VERSION SOUTH CAROLINA ELECTRIC & GAS COMPANY INTERNAL CASH FLOW PROJECTION FORV. C. SUMMER NUCLEAR POWER STATION Excludes SC Generating Company (MILLIONS OF DOLLARS)

PRIOR YEAR PROJECTION YEAR 2015 2016 ACTUAL TOTAL TOTAL NET INCOME AFTER TAXES $ 466 LESS DIVIDENDS PAID $ (277}

RETAINED EARNINGS $ 189 ADJUSTMENTS DEPRECIATION AND AMORTIZATION $ 321 DEFERRED INCOME TAXES AND Withheld from INVESTMENT TAX CREDITS $ (18) public disclosure ALLOWANCE FOR FUNDS USED per Affidavif DURING CONSTRUCTION $ (39}

TOTAL ADJUSTMENTS $ 264 INTERNAL CASH FLOW $* 453 AVERAGE QUARTERLY CASH FLOW $ 113 NON-PROPRIETARY VERSION

Attachment 2 Contains SCE&G George A. Lippard Ill Proprietary Information Vice President, Nuclear Operations 803.345.4810 41{2 SCE&G@ A SCANA COMPANY April 15, 2016 U.S. Nuclear Regulatory Commission Document Control Desk Washington, DC 20555

Subject:

VIRGIL C. SUMMER NUCLEAR STATION (VCSNS) UNIT 1 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) is hereby submitting the required 2015 actual and 2016 projected cash flow statements.

Portions of the 2016 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.

The timeliness of this submittal has been entered in the stations corrective action program as CR-16-01753.

Should you have any questions, please contact Mrs. Scarlet Lutz at (803) 931-5640.

SOL/GAL/ts Attachments (3)

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

2. SCE&G's 2015 Actual Cash Flow and 2016 Projected Cash Flow (Proprietary Version)

3. SCE&G's 2015 Actual Cash Flow and 2016 Projected Cash Flow (Non-Proprietary Version) c: K. B. Marsh S. A. Williams S. A. Byrne NRC Resident Inspector J.B. Archie K. M. Sutton N.S.Carns NSRC J. H. Hamilton . RTS (LTD 202)

J. W. Williams File (818.02-4, RR 8175)

W. M: Cherry OMS (RC-16-0070)

C. Haney Attachment 2 Contains SCE&G Proprietary Information This letter forwards Proprietary Information in accordance with 10 CFR 2.390. The balance of this letter may be considered non-proprietary upon removal ofAttachment 2.

V. C. Summer Nuclear Station* P. 0. Box 88

• Jenkinsville, SC* 29065

• F(803) 941-9776

Document Control Desk, USNRC LTD 202 RC-16-0070 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. 50-395 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 April 15, 2016 be withheld from public disclosure due to its proprietary nature. The details of this request are provided in the following affidavit:

AFFIDAVIT I, George A. Lippard Ill, 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 2016 Projected Cash Flow that is included in Attachment 2 to SCE&G's April 15, 2016 letter to the NRG entitled "Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e) Report".

_ Attachment 2, a one-page document, has the words "Proprietary Version" on the top and 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.

y.

Document Control Desk, USNRC Attachment 1 LTD 202 RC-16-0070 Page 2 of 2

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

d. The 2016 projected cash flow information is not available from public sources.

e. Public disclosure of the information sought to be withheld is likely to cause harm 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 Executed on

Document Control Desk, USNRC Attachment 3 LTD 202 RC-16-0070 Page 1 of 1 NON-PROPRIETARY VERSION SOUTH CAROLINA ELECTRIC & GAS COMPANY INTERNAL CASH FLOW PROJECTION FORV. C. SUMMER NUCLEAR POWER STATION Excludes SC Generating Company (MILLIONS OF DOLLARS)

PRIOR YEAR PROJECTION YEAR 2015 2016 ACTUAL TOTAL TOTAL NET INCOME AFTER TAXES $ 466 LESS DIVIDENDS PAID $ (277}

RETAINED EARNINGS $ 189 ADJUSTMENTS DEPRECIATION AND AMORTIZATION $ 321 DEFERRED INCOME TAXES AND Withheld from INVESTMENT TAX CREDITS $ (18) public disclosure ALLOWANCE FOR FUNDS USED per Affidavif DURING CONSTRUCTION $ (39}

TOTAL ADJUSTMENTS $ 264 INTERNAL CASH FLOW $* 453 AVERAGE QUARTERLY CASH FLOW $ 113 NON-PROPRIETARY VERSION