SNRC-2161, Forwards 1994 Internal Cash Flow Projection for Shoreham Nuclear Power Station

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Forwards 1994 Internal Cash Flow Projection for Shoreham Nuclear Power Station
ML20065A498
Person / Time
Site: Shoreham File:Long Island Lighting Company icon.png
Issue date: 03/30/1994
From: Bortz A
LONG ISLAND POWER AUTHORITY
To:
NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS)
References
LSNRC-2161, NUDOCS 9403310189
Download: ML20065A498 (2)


Text

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.Long Shoreham Nuclear Power Station

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Power North Country Road Authonty Wading River, N.Y.11792 kVlR3 01994 LSNRC-2161 F

U. S. Nuclear Regulatory Commission Director of Nuclear Material Safety and Safeguards Washington, D.C. 20555 1994 Annual Cash Flow Projection Shoreham Nuclear Power Station - Unit 1 Docket No. 50-322 Gentlemen:

The purpose of this letter is to transmit the financial information required by 10CFR140.21.

Attached please find a copy of the 1994 Internal Cash Flow Projection for the Shoreham Nuclear Power Station. Since Long Island Lighting Company (LILCO) continues to hold all insurance policies at Shoreham and has agreed to pay costs attributable to the decommissioning of Shoreham, the cash flow projection was prepared by LILCO- Per an agreement between LIPA and LILCO, LIPA is either a named or additional insured on insurance policies at Shoreham, covering nuclear liability, general liability and property damage. Therefore, LIPA, as the Shoreham licensee, has complied with the Commission's insurance requirements. LILCO's agreement and cash flow projection provides evidence that payment of deferred premiums is guaranteed in accordance with 10CFR140.21.

If there are any questions concerning this information, please contact this office.

Very truly yours,

-~

A. J./ Bortz Resi ent Manager RAP /kc Attachment cc: L. Bell C. L. Pittiglio T. T. Martin R. Nimitz Document Control Desk , ; ,

9403310189 940330 Ub

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PDR ADOCK 05000322 I I PDR -

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e Attachment to LSNRC-2161 LONG ISLAND LIGHTING CONPANY 1994 INTERNAL CASR FLOW PROJECTION FOR THE SHOREHAN NUCISAR POWER STATION (dollars in millions) 1993 1994 ACTUAL PEOJECTION NET INCOME $297 $301 ADJUSTMENTS: '

DEPRECIATION, DEPLETION AND AMORTIZATION $122 $131 1989 SETTLEMENT AMORTIZATION $ 61 S160 I FEDERAL INCOME TAXES -

DEFERRED AND OTHER $166 $172 OTHER S 70 (S252)

NET CASH PROVIDED BY OPERATING ACTIVITIES $582 $512 DIVIDENDS PAID $253 $260 AVERAGE QUARTERLY CASH FLOW j,82 S 63 d

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