WO 22-0015, Generation Station - Guarantee of Payment of Deferred Premiums

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Generation Station - Guarantee of Payment of Deferred Premiums
ML22126A184
Person / Time
Site: Wolf Creek Wolf Creek Nuclear Operating Corporation icon.png
Issue date: 05/06/2022
From: Mccoy J
Wolf Creek
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
WO 22-0015
Download: ML22126A184 (9)
v • d • e


Text

Wolf Creek~I<

Nuclear Operating Corporation Jaime H. McCoy Site Vice President May 6, 2022 WO 22-0015 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001

Subject:

Docket No. 50-482: Guarantee of Payment of Deferred Premiums Commissioners and Staff:

Pursuant to the requirements of 10 CFR 140.21, each operating reactor licensee is required to maintain financial protection through guarantees of payment of deferred premiums. The owners of Wolf Creek Generating Station (WCGS) are providing the enclosed documentation of their ability to pay deferred premiums in the amount of twenty million four hundred ninety-six thousand dollars, as determined by 10 CFR 140.11(a)(4).

Wolf Creek Nuclear Operating Corporation (WCNOC) holds the operating license for WCGS, which is jointly owned by Evergy Metro, Inc (formerly Kansas City Power & Light Company),

Evergy Kansas South, Inc. (formerly Kansas Gas & Electric Company), and Kansas Electric Power Cooperative, Inc. (KEPCo). Evergy, Inc. and all its consolidated subsidiaries, and KEPCo have provided audited Consolidated Statements of Cash Flows to demonstrate sufficient funds are available to meet their share of the deferred premiums.

This letter contains no commitments. If you have any questions concerning this matter, please contact me at (620) 364-4156, or Ron Benham at (620) 364-4204.

Sincerely, Jaime H. McCoy JHM/jkt

Enclosures:

I Evergy, Inc. Statements of Cash Flows II Kansas Electric Power Cooperative, Inc. Statement of Cash Flows cc: S. S. Lee (NRC), w/e S. A. Morris (NRC), w/e G. E. Werner (NRC), w/e Senior Resident Inspector (NRC), w/e P.O. Box 411 l Burlington, KS 66839 l 620-364-8831

Enclosure I to WO 22-0015 Evergy, Inc. Statements of Cash Flows (3 pages)

P.O. Box 411 l Burlington, KS 66839 l 620-364-8831

May 9, 2022 Wolf Creek Nuclear Operating Corporation PO Box 411 Burlington, KS 66839

Dear Josh:

Pursuant to the requirements of 10 CFR 140.21(e), Evergy Metro, Inc. and Evergy Kansas South, Inc. are each providing their attached audited Consolidated Statements of Cash Flows as evidence of their ability to make payment of each companys share of deferred premiums in the amount of $9.633 million per company.

The undersigned certifies that the foregoing memorandum with respect to Evergy Metro, Inc.s and Evergy Kansas South, Inc.s cash flows for the year 2021 is true and correct to the best of their knowledge and belief.

Sincerely, r DocuSigned by:

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Steven P. Busser Vice President - Chief Accounting Officer attachment

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Enclosure II to WO 22-0015 Kansas Electric Power Cooperative, Inc. Statement of Cash Flows (3 pages)

P.O. Box 411 l Burlington, KS 66839 l 620-364-8831

P.O. Box 4877, Topeka, KS 66604-0877 KEPCo Kansas Electric 600 Corporate View, Topeka, KS 66615 Power Cooperative, Inc. Phone (785) 273-7010 Fax (785) 271-4888 www.kepco.org April 28, 2022 Mr. Joshua Turner Wolf Creek Nuclear Operating Corporation P.O. Box 411 Burlington, KS 66839

Dear Joshua:

Pursuant to the requirements of 10 CFR 140.21(e), Kansas Electric Power Cooperative, Inc. is providing the attached audited Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $1.230 million.

The undersigned certifies that the foregoing memorandum with respect to Kansas Electric Power Cooperative, Inc.s. cash flow for the year 2021 is true and correct to the best of their knowledge and belief.

Sincerely yours, f ~

Coleen M. Wells

~

Sr. VP and CFO Enclosure (1)

Kansas Electric Power Cooperative, Inc. and Subsidiary Consolidated Statements of Cash Flows Years Ended December 31, 2021 and 2020 2021 2020 Operating Activities Net margin $ 1,068,400 $ (27,671)

Adjustments to reconcile net margin to net cash provided by operating activities Depreciation 10,084,661 9,408,389 Amortization of nuclear fuel 3,255,237 3,679,316 Amortization of deferred charges 497,801 619,925 Amortization of deferred incremental outage costs 1,600,295 1,619,583 Net periodic benefit costs 1,641,197 1,630,862 Patronage capital credits allocated (444,830) (518,389)

Loss on sale of property and equipment 20,365 54,003 Changes in Member accounts receivable 1,615,496 (3,157,306)

Materials and supplies 82,959 (317,141)

Other long-term assets and prepaid expenses (8,285,897) 1,304,804 Accounts payable 3,613,414 3,165,387 Payroll and payroll-related liabilities 21,483 15,161 Accrued property taxes 42,706 (123,407)

Accrued interest payable (23,732) (23,038)

Other long-term liabilities (1,424,583) (1,253,612)

Net cash provided by operating activities 13,364,972 16,076,866 Investing Activities Additions to electrical plant (5,675,574) (3,962,186)

Additions to nuclear fuel (3,058,296) (5,444,350)

Purchases of investments (15,000,000) (13,000,000)

Proceeds from sales of investments 28,000,000 Proceeds from investments in decommissioning fund assets 2,627,889 1,399,479 Purchases of investments in decommissioning fund assets (5,260,203) (2,825,512)

Investments in associated organizations 734,771 756,788 Net cash provided by (used in) investing activities 2,368,587 (23,075,781)

Financing Activities Principal payments on long-term debt (8,775,460) (10,577,675)

Proceeds from issuance of long-term debt 2,785,478 10,183,249 Retirement of capital credits (699,114)

Change in cushion of credit 3,004,187 158,196 Change in member investments 1 257,796 4,163,024 Net cash provided by (used in) financing activities {l,727,999) 3,227,680 See Notes to Consolidated Financial Statements

2021 2020 Increase (Decrease) in Cash and Cash Equivalents $ 14,005,560 $ (3,771,235)

Cash and Cash Equivalents, Beginning of Year 16,598,637 20,369,872 Cash and Cash Equivalents, End of Year $ 30 604 197 $ 16,598,637 Supplemental Cash Flows Information Interest paid $ 7,277,206 $ 7,607,394 Change in defined benefit pension plans gains (losses) $ 1,134,275 $ (1,275,966)

Change in fair value of decommissioning trust $ 2,462,264 $ 3,611,702 7

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