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| issue date = 03/15/1979
| issue date = 03/15/1979
| title = Forwards Financial Info to Support Guarantee of Retrospective Premium Payments Which Might Be Required Under Secondary Financial Protection Sys.Summarizes Actual Cash Flow for 1978 & Projected Cash Flow for 1979
| title = Forwards Financial Info to Support Guarantee of Retrospective Premium Payments Which Might Be Required Under Secondary Financial Protection Sys.Summarizes Actual Cash Flow for 1978 & Projected Cash Flow for 1979
| author name = KOWBA S
| author name = Kowba S
| author affiliation = ROCHESTER GAS & ELECTRIC CORP.
| author affiliation = ROCHESTER GAS & ELECTRIC CORP.
| addressee name = SALTZMAN J
| addressee name = Saltzman J
| addressee affiliation = NRC OFFICE OF NUCLEAR REACTOR REGULATION (NRR)
| addressee affiliation = NRC OFFICE OF NUCLEAR REACTOR REGULATION (NRR)
| docket = 05000244
| docket = 05000244
Line 16: Line 16:


=Text=
=Text=
{{#Wiki_filter:0REGULATORY INFORMATION DISTRIBUTION SYSTEM(RIDS)ACCESSION NBR!7903190173 DOC~DATE!79/03/15NOTARIZED!
{{#Wiki_filter:0 REGULATORY INFORMATION DISTRIBUTION SYSTEM                         (RIDS)
NODOCKET¹FACIL$50200ROBERTEMMETGINNANUCL'EARPLANTUNIT1gROCHESTER G-05000244AUTHsNAME AUTHORAFFILIATIONKOWBAiS~ROCHESTER GAS5ELECTRICCORP'ECIP~NAMERKCIPIENTAFFILIATION SALTZMANgJ ANTITRUST 8INDEMNITY GROUPSUBJECT!FORWARDSFINANCIAL'NFO TOSUPPORTGUARANTEE OFRETROSPECTIVE PREMIUMPAYMKNTSWHICHMIGHTBEREQUIREDUNDKRSECONDARY FINANCIAL PROTECTION SYS~SUMMARIES ACTUALCASHFLOWFOR19788PROJECTED CASHFLOWFOR1979'ISTRIBUTION CODE!M001SCOPIESRECEIVED!LTR
ACCESSION NBR! 7903190173         DOC ~ DATE! 79/03/15          NOTARIZED! NO                          DOCKET  ¹ FACIL$ 50 200 ROBERT EMMET GINNA NUCL'EAR PLANT                  UNIT 1g ROCHESTER                  G- 05000244 AUTHsNAME            AUTHOR AFF IL I AT ION KOWBAiS ~           ROCHESTER GAS 5 ELECTRIC IP ~ NAME        RKC IP IENT CORP'EC AFFILIATION SALTZMANgJ             ANTITRUST 8 INDEMNITY GROUP SUBJECT! FORWARDS FINANCIAL'NFO TO SUPPORT GUARANTEE OF RETROSPECTIVE PREMIUM PAYMKNTS WHICH MIGHT BE REQUIRED UNDKR SECONDARY FINANCIAL PROTECTION SYS ~ SUMMARIES ACTUAL CASH FLOW FOR 1978 8 PROJECTED CASH FLOW FOR 1979 CODE! M001S    COPIES RECEIVED!LTR           '+ ENCL '
'+ENCL'SIZE!'ITLE!INSURANCE!
                                                                          'ISTRIBUTION SIZE!
INDEMNITY/ENDORSEMENT AGREEMENTS e:,&-.ALJal/.P.-hlF0788-'4"NOTES!RECIPIENTIDCODE/NAME INTERNAL05DINITZ/ACTN EXTERNAL!
INSURANCE!     INDEMNITY/ENDORSEMENT           AGREEMENTS         e 'ITLE!
03LPDRCOPIESLTTRENCL11-1111RECIPIENTIDCODE/NAMK 02NRCPDRoeSOULES,V.
NOTES!        :,& - .AL Ja        l/ P.-hl F078          8-'4" REC IPIENT          COPIES              REC      IPIENT                  COPIES ID CODE/NAME         LTTR ENCL          ID CODE/NAMK                      LTTR ENCL INTERNAL                              1      1    02 NRC PDR                          1          1 05 DINITZ/ACTN           -1      1    oe SOULES,V.
00NSICCOPIESLTTRENCL1111MARSO1979"TOTAL<NUMBEROF'-COPIES REQUIRED!
EXTERNAL! 03 LPDR                    1      1    00 NSIC                              1          1 MAR SO 1979 "TOTAL< NUMBER OF'-COPIES   REQUIRED!     "LTTR '       'ENCL" '"   6
"LTTR''ENCL"'"6 Wt4)IIIt4~4I"4Iljk444Hl('WI'WWWM44e4 ROCHESTER GASANDELECTRICCORPORATION
~89EASTAVENUE,ROCHESTER, N.Y.I4649SSSSC$STEPHENKOWOAASSSSTAHT CONTROLLCR TCLCRHONC ARcAcoosTss546-2700March15,1979Mr.JeromeSaltzman, ChiefAntitrust.
&Indemnity GroupNuclearReactorRegulation NuclearEnergyCommission Washington, DC20555Re:DocketNo.50-244


==DearMr.Saltzman:==
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EnclosedismaterialrequiredunderAlternative MethodNo.5tosupportaguarantee byRochester GasandElectricCorporation thatitcanpaytheretrospective premiumswhichmightberequiredundertheSecondary Finan-cialProtection system.Attachment Asummarizes theactualcashflowforthecalendaryear1978andtheprojected cashflowforthecalendaryear1979.Attachment Bisacertified financial statement coveringthethreemonthsendedDecember31,1978and12monthsendedDecember31,1978.Wedonotbelievethatitwouldbenecessary tocurtailanycapitalexpenditures ifaretrospective premiumhadtobepaid.However,iffuturecircumstances weresuchastoimpactcapitalexpenditures, weprobablywoulddelayupgrading distribution facilities whichwouldnothaveanimmediate impactonourservicestandards.
SSSSC $
Verytrulyyours,StehenKobaEnclosures Attachment ARochester GasandElectricCorporation 1979CashFlowProjection forR.E.GinnaNuclearPowerStation(000's)NetIncomeAfterTaxesLessDividends PaidRetained.
ROCHESTER GAS AND ELECTRIC CORPORATION  ~ 89 EAST AVENUE, ROCHESTER, N.Y. I4649 TCLCRHONC STEPHEN KOWOA                                                    ARcA coos Tss 546-2700 ASSSSTAHT CONTROLLCR March 15, 1979 Mr. Jerome Saltzman, Chief Antitrust.  & Indemnity Group Nuclear Reactor Regulation Nuclear Energy Commission Washington, DC 20555 Re:  Docket No. 50-244
EarningsAdjustments:
 
Depreciation andAmortization DeferredIncomeTaxesDeferred.
==Dear Mr. Saltzman:==
FuelCostsAllowance forFundsUsedDuringConstruction TotalAdjustments InternalCashFlowAverageQuarterly CashFlow1978Actua1$39,58624,946~1>,6%053739513,16297613517)257232121979Projected.
 
$45,058293030153755$39,1983001Percentage Ownership inallOperating NuclearUnitsMaximumTotalContingent Liability R.E.Ginna100.00fp410,000  
Enclosed  is material required under Alternative Method No. 5  to support a guarantee by Rochester Gas and Electric Corporation that      it can pay the retrospective premiums which might be required under the Secondary Finan-cial Protection system.
~4IAAttachment BRochester Gasand.ElectricCorporation Statement ofIncome(000's)RevenueElectricGasSteamElectricsalestootherutilities ExpenseElectricand.steamfuelsPurchased.
Attachment A summarizes the actual cash flow for the calendar year 1978 and the projected cash flow for the calendar year 1979.
electricity.
Attachment B is a certified financial statement covering the three months ended December 31, 1978 and 12 months ended December 31, 1978.
Purchased naturalgasOtheroperation Maintenance Totaloperation and.maintenance expenseDepreciation Taxes-local, stateand,otherFederalincometax-current-deferred.
We  do not believe that it would be necessary to curtail  any  capital expenditures if a retrospective premium had to be paid. However, if future circumstances were such as to impact capital expenditures, we probably would delay upgrading distribution facilities which would not have an immediate impact on our service standards.
Operating IncomeOtherIncomeand.Deductions Allowance forfundsusedduringconstruction OtherIncomebeforeInterestChargesInterestChargesLong-term debtShort-term debtOtherAllowance forborrowedfundsused.duringconstruction NetIncomeDividends onPreferred and.Preference StockEarningsApplicable toCommonStockThreeMonthsEndedDecember311978$48,45229,5784545~2,575~79>92531115>1573,26821,516175495715264,588565111,138(2,406)48748,466253332040j3731258396,492518ill(1370)557517,0881419~5,669$202,631118,531191103330,27228676m3W9m58,14019533771510965,68526246240,51722,20645,9355,166~587531959949,2498,705441813512362,37225,5941,588416(4812)225739,5865678~33908YearEnded.December311978IherebycertifytheseFinancial Statements tobecorrecttothebestofmyknowledge andbelief.ROCHESTER GASANDELECTRICCORPORATION eenowa,ssxsTanConroller
Very  truly yours, Ste hen Ko ba Enclosures
.~go~(ig~g"REGULATOR NFORMATION DITRISUTION SYTEM{RIDS)DISTRIBUTION FORINCOMINGMATERIAL50-244REC:SALTZMANJNRCORG:I(USSIERRROCHESTER GAS8cELECDOCDATE:09/08/78DATERCVD'</12/7'DOCTYPE:
 
LETTERNOTARIZED:
Attachment A Rochester Gas and Electric Corporation 1979 Cash Flow Projection for R.E. Ginna Nuclear Power Station (000's) 1978                  1979 Actua1                Projected.
NOCOPIESRECEIVED
Net Income After Taxes                                $ 39,586                $  45,058 Less Dividends Paid                                      24,946                 29 303 Retained. Earnings                                    ~1>,6%0                0 153755 Adjustments:
Depreciation and Amortization                        5 373951                $ 39,198 Deferred Income Taxes                                    3,162 Deferred. Fuel Costs                                      976 Allowance for Funds Used During Construction            13 517)
Total Adjustments                                        2 572 Internal Cash Flow                                        3 212                  3  0 Average Quarterly Cash Flow                                                            01 Percentage Ownership   in all Operating Nuclear Units                                                    R.E. Ginna    100.00fp Maximum  Total Contingent Liability                                            4  10,000
 
~4I A
Attachment    B Rochester Gas and. Electric Corporation Statement of Income (000's)
Three Months Ended            Year Ended.
December 31 1978          December 31      1978 Revenue Electric                                                  $ 48,452                  $ 202,631 Gas                                                          29,578                    118,531 Steam                                                        4 545                    19 110
                                                                  ~2,575                     3330, 272 Electric sales to other        utilities                  ~79>                         28 676 925311                  m3W9m Expense Electric  and. steam  fuels                                15>157                    58,140 Purchased. electricity.                                      3,268                    195337 Purchased natural gas                                        21,516                    715109 Other operation                                              175495                    65,685 Maintenance                                                  7 152                    26 246 Total operation    and. maintenance expense                                                  64,588                    240,517 Depreciation                                                  5 651                    22,206 Taxes-local, state and, other                                11,138                    45,935 Federal income tax - current                                (2,406)                      5,166
                              - deferred.                            4  874                ~5875 3195 99 Operating Income                                                8,466                      49,249 Other Income and. Deductions Allowance for funds used during construction                                                2 5 333                    8,705 Other                                                        2 040                      4 418 j 373                    135 123 Income before    Interest    Charges                          125839                      62,372 Interest    Charges Long-term debt                                                6,492                      25,594 Short-term debt                                                  518                    1,588 Other Allowance for borrowed funds used.
ill                        416 during construction                                        (1 370)                    (4 812) 5 5 75 1                  225 7 Net Income                                                      7,088                      39,586 Dividends on Preferred        and.
Preference Stock                                                1 419                      5  678 Earnings Applicable to        Common  Stock                    ~5,669                  ~33    908 I hereby certify these      Financial Statements to be correct to the best of  my knowledge and    belief.
ROCHESTER GAS AND ELECTRIC CORPORATION e  en    ow a, ssxsTan  Con    roller
 
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                  " REGULATOR NFORMATION DI TRISUTION SY TEM {RIDS)
DISTRIBUTION FOR INCOMING MATERIAL                                      50-244 REC:     SALTZMAN      J                      ORG: I(USSIE  R R                    DOCDATE:                   09/08/78 NRC                                        ROCHESTER GAS    8c ELEC            DATE RCVD'</12/7'DOCTYPE:
LETTER          NOTARIZED: NO                                            COPIES RECEIVED


==SUBJECT:==
==SUBJECT:==
LTRiENCLiFORWARDING SIGNEDCOPYOl=AMENDNO7TOINDEMNITY AGREEMENT NO.9"38INCLUDING NEWAMENDED"ARTICLEVIII(ASLISTED)BETWEENAPPLICANT ScATOMICENERGYCOMMISSlON.
 
,.PLANTNAME:REGINNA-UNITiREVIEWERINITIAL:XJMDISTRIBUTOR INITIAL:Qg~~~HHHHHHHHHHHI+~+~
FORWARDING SIGNED COPY Ol= AMEND NO 7 TO INDEMNITY AGREEMENT NO. 9 "38 LTR                i      ENCL  i INCLUDING NEW AMENDED "ARTICLE ENERGY COMMISSlON.
DISTRIBUTION OFTIIISMATFRIALIASFOLLOWSINSURANCE:
VIII  (AS LISTED) BETWEEN APPLICANT Sc ATOMIC
INDEMNITY/ENDORSEMENT AGREEMENTS (DISTRIBUTION CODEMOOi),INTERNAL:
,.PLANT NAME: RE GINNA  UNIT                i                                REVIEWER  INITIAL: X JM DISTRIBUTOR  INITIAL:Qg
EXTERNAL:
~~~HHHHHHHHHHHI+~+~           DISTRIBUTION OF TI IIS MATFRIAL I            AS FOLLOWS INSURANCE:       INDEMNITY/ENDORSEMENT AGREEMENTS (DISTRIBUTION CODE MOOi),
-GFIL+W/ENCLDINFORACTION+wW/ENCL LPDR'SROCHESTEIRr NY+~lJ/ENCLTERA~~W/ENCL NSICu<W/ENCLACRSCATB~H~W/0ENCLNRCPDR+4<W/ENCL HJORDANk+W/ENCL DITRIBUTION:
INTERNAL:                 -G  FIL      +W/ENCL                    NRC PDR+4<W/ENCL DIN          FOR ACTION+wW/ENCL             H JORDANk+W/ENCL EXTERNAL:              LPDR'S ROCHESTEIRr      NY+~l J/ENCL TERA~~W/ENCL NS I C u < W/ENCL ACRS      CAT B~H~W/0 ENCL DI TRIBUTION:              LTR 7          ENCL 7                              CONTROL NBA:                 782500237 SIZE'P+>P
LTR7SIZE'P+>P ENCL7CONTROLNBA:782500237
% W Sl %% MHHHa-0 0 4~ 3l% k%%%%%%%%%%% %%%%8f >Hf%       THE END
%WSl%%MHHHa-004~3l%k%%%%%%%%%%%
 
%%%%8f>Hf%THEEND 0M!,>~c1}}
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Latest revision as of 12:53, 4 February 2020

Forwards Financial Info to Support Guarantee of Retrospective Premium Payments Which Might Be Required Under Secondary Financial Protection Sys.Summarizes Actual Cash Flow for 1978 & Projected Cash Flow for 1979
ML17244A408
Person / Time
Site: Ginna Constellation icon.png
Issue date: 03/15/1979
From: Kowba S
ROCHESTER GAS & ELECTRIC CORP.
To: Saltzman J
Office of Nuclear Reactor Regulation
References
NUDOCS 7903190173
Download: ML17244A408 (7)


Text

0 REGULATORY INFORMATION DISTRIBUTION SYSTEM (RIDS)

ACCESSION NBR! 7903190173 DOC ~ DATE! 79/03/15 NOTARIZED! NO DOCKET ¹ FACIL$ 50 200 ROBERT EMMET GINNA NUCL'EAR PLANT UNIT 1g ROCHESTER G- 05000244 AUTHsNAME AUTHOR AFF IL I AT ION KOWBAiS ~ ROCHESTER GAS 5 ELECTRIC IP ~ NAME RKC IP IENT CORP'EC AFFILIATION SALTZMANgJ ANTITRUST 8 INDEMNITY GROUP SUBJECT! FORWARDS FINANCIAL'NFO TO SUPPORT GUARANTEE OF RETROSPECTIVE PREMIUM PAYMKNTS WHICH MIGHT BE REQUIRED UNDKR SECONDARY FINANCIAL PROTECTION SYS ~ SUMMARIES ACTUAL CASH FLOW FOR 1978 8 PROJECTED CASH FLOW FOR 1979 CODE! M001S COPIES RECEIVED!LTR '+ ENCL '

'ISTRIBUTION SIZE!

INSURANCE! INDEMNITY/ENDORSEMENT AGREEMENTS e 'ITLE!

NOTES!  :,& - .AL Ja l/ P.-hl F078 8-'4" REC IPIENT COPIES REC IPIENT COPIES ID CODE/NAME LTTR ENCL ID CODE/NAMK LTTR ENCL INTERNAL 1 1 02 NRC PDR 1 1 05 DINITZ/ACTN -1 1 oe SOULES,V.

EXTERNAL! 03 LPDR 1 1 00 NSIC 1 1 MAR SO 1979 "TOTAL< NUMBER OF'-COPIES REQUIRED! "LTTR ' 'ENCL" '" 6

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ROCHESTER GAS AND ELECTRIC CORPORATION ~ 89 EAST AVENUE, ROCHESTER, N.Y. I4649 TCLCRHONC STEPHEN KOWOA ARcA coos Tss 546-2700 ASSSSTAHT CONTROLLCR March 15, 1979 Mr. Jerome Saltzman, Chief Antitrust. & Indemnity Group Nuclear Reactor Regulation Nuclear Energy Commission Washington, DC 20555 Re: Docket No. 50-244

Dear Mr. Saltzman:

Enclosed is material required under Alternative Method No. 5 to support a guarantee by Rochester Gas and Electric Corporation that it can pay the retrospective premiums which might be required under the Secondary Finan-cial Protection system.

Attachment A summarizes the actual cash flow for the calendar year 1978 and the projected cash flow for the calendar year 1979.

Attachment B is a certified financial statement covering the three months ended December 31, 1978 and 12 months ended December 31, 1978.

We do not believe that it would be necessary to curtail any capital expenditures if a retrospective premium had to be paid. However, if future circumstances were such as to impact capital expenditures, we probably would delay upgrading distribution facilities which would not have an immediate impact on our service standards.

Very truly yours, Ste hen Ko ba Enclosures

Attachment A Rochester Gas and Electric Corporation 1979 Cash Flow Projection for R.E. Ginna Nuclear Power Station (000's) 1978 1979 Actua1 Projected.

Net Income After Taxes $ 39,586 $ 45,058 Less Dividends Paid 24,946 29 303 Retained. Earnings ~1>,6%0 0 153755 Adjustments:

Depreciation and Amortization 5 373951 $ 39,198 Deferred Income Taxes 3,162 Deferred. Fuel Costs 976 Allowance for Funds Used During Construction 13 517)

Total Adjustments 2 572 Internal Cash Flow 3 212 3 0 Average Quarterly Cash Flow 01 Percentage Ownership in all Operating Nuclear Units R.E. Ginna 100.00fp Maximum Total Contingent Liability 4 10,000

~4I A

Attachment B Rochester Gas and. Electric Corporation Statement of Income (000's)

Three Months Ended Year Ended.

December 31 1978 December 31 1978 Revenue Electric $ 48,452 $ 202,631 Gas 29,578 118,531 Steam 4 545 19 110

~2,575 3330, 272 Electric sales to other utilities ~79> 28 676 925311 m3W9m Expense Electric and. steam fuels 15>157 58,140 Purchased. electricity. 3,268 195337 Purchased natural gas 21,516 715109 Other operation 175495 65,685 Maintenance 7 152 26 246 Total operation and. maintenance expense 64,588 240,517 Depreciation 5 651 22,206 Taxes-local, state and, other 11,138 45,935 Federal income tax - current (2,406) 5,166

- deferred. 4 874 ~5875 3195 99 Operating Income 8,466 49,249 Other Income and. Deductions Allowance for funds used during construction 2 5 333 8,705 Other 2 040 4 418 j 373 135 123 Income before Interest Charges 125839 62,372 Interest Charges Long-term debt 6,492 25,594 Short-term debt 518 1,588 Other Allowance for borrowed funds used.

ill 416 during construction (1 370) (4 812) 5 5 75 1 225 7 Net Income 7,088 39,586 Dividends on Preferred and.

Preference Stock 1 419 5 678 Earnings Applicable to Common Stock ~5,669 ~33 908 I hereby certify these Financial Statements to be correct to the best of my knowledge and belief.

ROCHESTER GAS AND ELECTRIC CORPORATION e en ow a, ssxsTan Con roller

. ~

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" REGULATOR NFORMATION DI TRISUTION SY TEM {RIDS)

DISTRIBUTION FOR INCOMING MATERIAL 50-244 REC: SALTZMAN J ORG: I(USSIE R R DOCDATE: 09/08/78 NRC ROCHESTER GAS 8c ELEC DATE RCVD'</12/7'DOCTYPE:

LETTER NOTARIZED: NO COPIES RECEIVED

SUBJECT:

FORWARDING SIGNED COPY Ol= AMEND NO 7 TO INDEMNITY AGREEMENT NO. 9 "38 LTR i ENCL i INCLUDING NEW AMENDED "ARTICLE ENERGY COMMISSlON.

VIII (AS LISTED) BETWEEN APPLICANT Sc ATOMIC

,.PLANT NAME: RE GINNA UNIT i REVIEWER INITIAL: X JM DISTRIBUTOR INITIAL:Qg

~~~HHHHHHHHHHHI+~+~ DISTRIBUTION OF TI IIS MATFRIAL I AS FOLLOWS INSURANCE: INDEMNITY/ENDORSEMENT AGREEMENTS (DISTRIBUTION CODE MOOi),

INTERNAL: -G FIL +W/ENCL NRC PDR+4<W/ENCL DIN FOR ACTION+wW/ENCL H JORDANk+W/ENCL EXTERNAL: LPDR'S ROCHESTEIRr NY+~l J/ENCL TERA~~W/ENCL NS I C u < W/ENCL ACRS CAT B~H~W/0 ENCL DI TRIBUTION: LTR 7 ENCL 7 CONTROL NBA: 782500237 SIZE'P+>P

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