ML071030133: Difference between revisions

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| number = ML071030133
| number = ML071030133
| issue date = 04/06/2007
| issue date = 04/06/2007
| title = San Onofre, Units 2 and 3, Palo Verde, Units 1, 2, and 3, Annual Reports of Guarantee of Payment of Deferred Premium
| title = Annual Reports of Guarantee of Payment of Deferred Premium
| author name = Scherer A E
| author name = Scherer A
| author affiliation = Southern California Edison Co
| author affiliation = Southern California Edison Co
| addressee name =  
| addressee name =  
Line 15: Line 15:


=Text=
=Text=
{{#Wiki_filter:SOUTHERN CALIFORNIA A. Edward Scherer Manager of DISON ENuclear Regulatory Affairs An EDISON INTERNA TIONAL Company April 6,2007 U. S. Nuclear Regulatory Commission Attention:
{{#Wiki_filter:SOUTHERN CALIFORNIA                                                 A. Edward Scherer Manager of DISON             ENuclear                                             Regulatory Affairs An EDISON INTERNA TIONAL Company April 6,2007 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, D. C. 20555
Document Control Desk Washington, D. C. 20555  


==Subject:==
==Subject:==
Docket Nos. 50-361, 50-362, 50-528, 50-529, and 50-530 Annual Report of Guarantee of Payment of Deferred Premium San Onofre Nuclear Generating Station Units 2 and 3 Palo Verde Nuclear Generating Station Units 1, 2, and 3 Gentlemen:
Docket Nos. 50-361, 50-362, 50-528, 50-529, and 50-530 Annual Report of Guarantee of Payment of Deferred Premium San Onofre Nuclear Generating Station Units 2 and 3 Palo Verde Nuclear Generating Station Units 1, 2, and 3 Gentlemen:
10 CFR 140.21 requires Southern California Edison (SCE), as agent for the owners of the San Onofre Nuclear Generating Station Units 2 and 3 and SCE's 15.8% ownership share of Palo Verde Units 1, 2, and 3, to provide evidence that it maintains a guarantee of payment of deferred premium in an amount of $15 million for each reactor SCE is licensed to operate. In accordance with option (e) of 10 CFR 140.21 and with 10 CFR 50.71(b), SCE has provided its quarterly Form 10-Q report to the Securities and Exchange Commission.
10 CFR 140.21 requires Southern California Edison (SCE), as agent for the owners of the San Onofre Nuclear Generating Station Units 2 and 3 and SCE's 15.8% ownership share of Palo Verde Units 1, 2, and 3, to provide evidence that it maintains a guarantee of payment of deferred premium in an amount of $15 million for each reactor SCE is licensed to operate. In accordance with option (e) of 10 CFR 140.21 and with 10 CFR 50.71(b), SCE has provided its quarterly Form 10-Q report to the Securities and Exchange Commission. SCE will, therefore, no longer be submitting an annual certified financial statement.
SCE will, therefore, no longer be submitting an annual certified financial statement.
SCE is providing the enclosed 2006 Internal Cash Flow statement which is from the consolidated financial statements included in SCE's 2006 annual report.
SCE is providing the enclosed 2006 Internal Cash Flow statement which is from the consolidated financial statements included in SCE's 2006 annual report.If you have any questions or require further information about this matter, please contact Ms. Linda Conklin at 949-368-9443.
If you have any questions or require further information about this matter, please contact Ms. Linda Conklin at 949-368-9443.
Sincerely, Enclosure cc: B. S. Mallett, Regional Administrator, NRC Region IV N. Kalyanam, NRC Project Manager, San Onofre Units 2 and 3 C. C. Osterholtz, NRC Senior Resident Inspector, San Onofre Units 2 and 3 P.O. Box 128 San Clemente, CA 92672 949-368-7501 M DOI Fax 949-368-7575 SOUTHERN CALIFORNIA EDISON COMPANY 2006 Internal Cash Flow (Dollars in Millions)2006 Actual Net Income After Taxes $827 Dividends Paid $300 Retained Earnings $527 Adjustments:
Sincerely, Enclosure cc:       B. S. Mallett, Regional Administrator, NRC Region IV N. Kalyanam, NRC Project Manager, San Onofre Units 2 and 3 C. C. Osterholtz, NRC Senior Resident Inspector, San Onofre Units 2 and 3 P.O. Box 128 San Clemente, CA 92672 949-368-7501 Fax 949-368-7575 M DOI
Depreciation  
 
& Decommissioning  
SOUTHERN CALIFORNIA EDISON COMPANY 2006 Internal Cash Flow (Dollars in Millions) 2006 Actual Net Income After Taxes                                                 $827 Dividends Paid                                                         $300 Retained Earnings                                           $527 Adjustments:
$1,026 Net Deferred Taxes & ITC ($358)Allowance for Funds Used During Construction  
Depreciation & Decommissioning                             $1,026 Net Deferred Taxes & ITC                                   ($358)
($50)Total Adjustments  
Allowance for Funds Used During Construction                 ($50)
$618 Internal Cash Flow $1,145 Average Quarterly Cash Flow $286 Percentage Ownership in All Nuclear Units: San Onofre Nuclear Generating Station Units 2 & 3 o Southern California Edison Company 78.21%o San Diego Gas & Electric Company 20.00%o City of Anaheim 0.00%o City of Riverside 1.79%Palo Verde Nuclear Generating Station Units 1, 2 & 3 15.80%Maximum Total Contingent Liability:
Total Adjustments                                     $618 Internal Cash Flow                                                   $1,145 Average Quarterly Cash Flow                                           $286 Percentage Ownership in All Nuclear Units:
San Onofre Nuclear Generating Station Unit 2 $15.00 (1)San Onofre Nuclear Generating Station Unit 3 $15.00 (1)Palo Verde Nuclear Generating Station Unit 1 $2.37 (2)Palo Verde Nuclear Generating Station Unit 2 $2.37 (2)Palo Verde Nuclear Generating Station Unit 3 $2.37 (2)Total $37.11 (1) The value represents 100% of the SONGS Annual Per Incident Contingent Liability (2) The value represents 15.8% (SCE's Share) of the Palo Verde Annual Per Incident Contingent Liability}}
San Onofre Nuclear Generating Station Units 2 & 3 o Southern California Edison Company                 78.21%
o San Diego Gas & Electric Company                   20.00%
o City of Anaheim                                     0.00%
o City of Riverside                                   1.79%
Palo Verde Nuclear Generating Station Units 1, 2 & 3       15.80%
Maximum Total Contingent Liability:
San Onofre Nuclear Generating Station Unit 2             $15.00   (1)
San Onofre Nuclear Generating Station Unit 3             $15.00   (1)
Palo Verde Nuclear Generating Station Unit 1               $2.37   (2)
Palo Verde Nuclear Generating Station Unit 2               $2.37   (2)
Palo Verde Nuclear Generating Station Unit 3               $2.37   (2)
Total                                               $37.11 (1) The value represents 100% of the SONGS Annual Per Incident Contingent Liability (2) The value represents 15.8% (SCE's Share) of the Palo Verde Annual Per Incident Contingent Liability}}

Latest revision as of 08:26, 23 November 2019

Annual Reports of Guarantee of Payment of Deferred Premium
ML071030133
Person / Time
Site: Palo Verde, San Onofre  Southern California Edison icon.png
Issue date: 04/06/2007
From: Scherer A
Southern California Edison Co
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML071030133 (2)
v • d • e


Text

SOUTHERN CALIFORNIA A. Edward Scherer Manager of DISON ENuclear Regulatory Affairs An EDISON INTERNA TIONAL Company April 6,2007 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, D. C. 20555

Subject:

Docket Nos. 50-361, 50-362, 50-528, 50-529, and 50-530 Annual Report of Guarantee of Payment of Deferred Premium San Onofre Nuclear Generating Station Units 2 and 3 Palo Verde Nuclear Generating Station Units 1, 2, and 3 Gentlemen:

10 CFR 140.21 requires Southern California Edison (SCE), as agent for the owners of the San Onofre Nuclear Generating Station Units 2 and 3 and SCE's 15.8% ownership share of Palo Verde Units 1, 2, and 3, to provide evidence that it maintains a guarantee of payment of deferred premium in an amount of $15 million for each reactor SCE is licensed to operate. In accordance with option (e) of 10 CFR 140.21 and with 10 CFR 50.71(b), SCE has provided its quarterly Form 10-Q report to the Securities and Exchange Commission. SCE will, therefore, no longer be submitting an annual certified financial statement.

SCE is providing the enclosed 2006 Internal Cash Flow statement which is from the consolidated financial statements included in SCE's 2006 annual report.

If you have any questions or require further information about this matter, please contact Ms. Linda Conklin at 949-368-9443.

Sincerely, Enclosure cc: B. S. Mallett, Regional Administrator, NRC Region IV N. Kalyanam, NRC Project Manager, San Onofre Units 2 and 3 C. C. Osterholtz, NRC Senior Resident Inspector, San Onofre Units 2 and 3 P.O. Box 128 San Clemente, CA 92672 949-368-7501 Fax 949-368-7575 M DOI

SOUTHERN CALIFORNIA EDISON COMPANY 2006 Internal Cash Flow (Dollars in Millions) 2006 Actual Net Income After Taxes $827 Dividends Paid $300 Retained Earnings $527 Adjustments:

Depreciation & Decommissioning $1,026 Net Deferred Taxes & ITC ($358)

Allowance for Funds Used During Construction ($50)

Total Adjustments $618 Internal Cash Flow $1,145 Average Quarterly Cash Flow $286 Percentage Ownership in All Nuclear Units:

San Onofre Nuclear Generating Station Units 2 & 3 o Southern California Edison Company 78.21%

o San Diego Gas & Electric Company 20.00%

o City of Anaheim 0.00%

o City of Riverside 1.79%

Palo Verde Nuclear Generating Station Units 1, 2 & 3 15.80%

Maximum Total Contingent Liability:

San Onofre Nuclear Generating Station Unit 2 $15.00 (1)

San Onofre Nuclear Generating Station Unit 3 $15.00 (1)

Palo Verde Nuclear Generating Station Unit 1 $2.37 (2)

Palo Verde Nuclear Generating Station Unit 2 $2.37 (2)

Palo Verde Nuclear Generating Station Unit 3 $2.37 (2)

Total $37.11 (1) The value represents 100% of the SONGS Annual Per Incident Contingent Liability (2) The value represents 15.8% (SCE's Share) of the Palo Verde Annual Per Incident Contingent Liability

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