View source for LIC-09-0054, Guarantee of Payment of Deferred Premiums for the Period of July 1, 2009 to June 30, 2010

{{Adams
| number = ML092230351
| issue date = 07/30/2009
| title = Guarantee of Payment of Deferred Premiums for the Period of July 1, 2009 to June 30, 2010
| author name = Matthews T
| author affiliation = Omaha Public Power District
| addressee name = 
| addressee affiliation = NRC/Document Control Desk, NRC/NRR
| docket = 05000285
| license number = 
| contact person = 
| case reference number = LIC-09-0054
| document type = Letter type:LIC
| page count = 3
}}

=Text=
{{#Wiki_filter:OmahaPublicPowerDisNict 444 South 1 6 th Street Mall Omaha, NE 68102-2247 July 30, 2009 LIC-09-0054 U. S. Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555-0001

==Reference:==
Docket No. 50-285

==SUBJECT:==
Guarantee of Payment of Deferred Premiums for the Period of July 1, 2009 to June 30, 2010
 *   ,In     compliance with 10 CFR Part 140.21, the Omaha Public Power District (OPPD) files the'attached, "2009/2010 Statement of Cash Flow from Operations," as its guarantee of payment of deferred premiums for the period of July 1, 2009 to June 30, 2010. The cash floW~statement deviates slightly from the format of NRC Regulatory Guide (RG) 9.4 because OPPD is a political subdivision of the State of Nebraska. However, the pertinent information identified in RG 9.4 is provided. A copy of Bond Resolution 1788, which established the payment priorities listed on the cash flow statement, was filed With *our 1979 guarantee report.
No commitments are made to the NRC in this letter. If you should have any questions, please contact Mr. Bill Hansher at (402) 533-6894.
Sincerely, T. C. Matthews Manager - Nuclear Licensing TCM/mle Attachment..
c:       E. E. Collins, NRC Regional Administrator, Region IV A.: B. Wang, NRC Project Manager J. C. Kirkland, NRC Senior Resident Inspector E m i a o y Employment with Equal Opportunity

i AL Attachment LIC-09-0054 Page 1 OMAHA PUBLIC POWER DISTRICT 2009/2010 Statement of Cash Flow From Operations (a)
(Dollars in Thousands)
Actual        Projected 12 Months      12 Months ended 5/09      ended 6/10
                                                            $790,851        $994,368 Operating Revenues Debt Retirement Transfer                       $18,000        $28,000 Interest Receipts                               $8,672        $10,956 Total Cash Receipts                          $817,523      $1,033,324 Less:   Operating Expenses '                 $579,959        $765,976 Payments in Lieu of Taxes              $22,345        $25,666 Funds Available for Debt Service             $215,219        $241,682 Less:   Debt Service Payments                $100,907        $106,684 Funds Available for Other Valid Corporate Purposes                           $114,312        $134,998 Average Quarterly Cash Flow                     $28,578        $33,750' Percentage Ownership - Fort Calhoun Power Station Unit No. 1 - 100%
Maximum Total Contingent Liability Per Incident Per Calendar Year - $10,000,000

Attachment LIC-09-0054 Page 2 Notes:
(a)     The format of this cash flow statement is in accordance with the payment priorities as established by Bond Resolution 1788.             The payment priority scheduled for funds realized from operations is as follows:
First Priority:     Operations and maintenance expenses and payments in lieu of taxes.
Second Priority: Debt service (principal and interest) on all outstanding bonds.
Third Priority:     All other valid corporate purposes. These purposes would include construction, nuclear fuel, working capital, and any other use of the funds to provide for an ongoing utility business. The payment of any funds for the NRC guarantee would fall into the third priority.
(b)     Interest collections have been normalized to reflect only the types of interest collections from normal ongoing funds and do not reflect any interest collections made from special construction funds.
(c)     Operating and maintenance expenses and payments in lieu of taxes have first priority~on use of funds derived from operating revenues.
(d)     Debt service payments have second priority on the use of funds derived from operating revenues.
(e)     These funds represent the internal Cash flow available for all other corporate purposes and have third priority :on funds derived from operating revenues.
Supplementary General Statements:
The following statements are offered to explain some of the District's policies as they relate to its financial management:
* The District maintains a working fund balance of approximately 80-days of cash on hand in addition to special construction and restricted funds in order to take advantage of potential opportunities and manage risks.
As an, all-public power state, Nebraska does not have a state commission with electric rate jurisdiction.
* The District's Board of Directors is empowered to establish electric rates.}}