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| ==SUMMARY== | | ==SUMMARY== |
| FOR 3 MONTHS, 6 MONTHS, AND 12 MONTHS ENDED JUNE 30, 1981 12 MONTHS ;DED JUNE 30 1981 1980 Total Operating Revenues $1,483,926,551 $1, 299, 921, 554 Net Income $ 92,605,004 $ 70,155,809 Preferred and Preference Stock Dividend Requirements $ 17,786,047 $ 17,275,968 Balance for Common $ 74,818,957 $ 52,879,841 Earnings per Common Share $ 1.84 $ 1.54 Average Common Shares Outstanding 40,637,560 34,333,452 Dividends per Common Share $ 1.50 $ 1.50 | | FOR 3 MONTHS, 6 MONTHS, AND 12 MONTHS ENDED JUNE 30, 1981 12 MONTHS ;DED JUNE 30 1981 1980 Total Operating Revenues $1,483,926,551 $1, 299, 921, 554 Net Income $ 92,605,004 $ 70,155,809 Preferred and Preference Stock Dividend Requirements $ 17,786,047 $ 17,275,968 Balance for Common $ 74,818,957 $ 52,879,841 Earnings per Common Share $ 1.84 $ 1.54 Average Common Shares Outstanding 40,637,560 34,333,452 Dividends per Common Share $ 1.50 $ 1.50 f |
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Category:CORRESPONDENCE-LETTERS
MONTHYEARML20058M0361993-04-12012 April 1993 Partial Response to FOIA Request for Documents.Forwards Records in App L Which Are Being Withheld Partially for Listed Reasons,(Ref FOIA Exemptions 5) IR 05000367/19870211987-09-29029 September 1987 Ack Receipt of Informing NRC of Steps Taken to Correct Violations Noted in Insp Repts 50-367/87-21 & 50-370/87-21 ML20235M4251987-07-13013 July 1987 Partial Response to FOIA Request for Documents Re Acrs. Forwards Documents for Categories One & Three of FOIA Request.Review of 21 Addl ACRS Documents Continuing ML20234E4571987-06-23023 June 1987 Partial Response to FOIA Request for 771026 Minutes of ACRS Subcommittee on Fluid/Hydraulic Dynamic Effects Meeting in Portland,Or & Addl ACRS Documentation.Documents Identified on App H & Addl ACRS Documents Encl ML20212H6601987-01-20020 January 1987 Final Response to FOIA Request.App F Documents Re Marviken II Project Encl & Available in PDR ML20140F3691986-01-14014 January 1986 Further Response to FOIA Request for Several Categories of Documents Re Pressure Suppression Containment.Fsar & SER for Limerick Only Documentation Re 4x4 Tests.Encl Apps D-G Documents Responsive to Item 4 Also Available in PDR ML20138H0481985-12-0606 December 1985 Responds to FOIA Request for SECY-85-152 & Commission 850523 Order.Forwards App Documents.Commission Order & Attachment 1 to Secy Placed in Pdr.Portions of SECY-85-152 Being Withheld (Ref FOIA Exemption 5) ML20138Q8301985-12-0303 December 1985 Further Response to FOIA Request for Records Re Voluntary or Required Redress of Sites Where Const Was Terminated, Including Crbr & Legal Analysis.Forwards App E Documents.App D & E Documents Available in Pdr.Photographs Also Available ML20095G7811984-08-22022 August 1984 Requests Response Re Resolution of 820604 Application for Fees & Expenses Under Equal Access to Justice Act.Payment Clearly Authorized by 5USC504(d)(1).No Issue Exists to Commission Granting Petition.Related Correspondence ML20084P3501984-03-14014 March 1984 Requests Response to Encl W & V Smelser 840210 Inquiry Into NRC Attitude Toward Utils.Concerns Include Marble Hill & Bailly Cancellation,Withdrawal of Util Application for Zimmer & Denial of License for Byron Facility ML20080R2831984-02-22022 February 1984 Requests Ruling on 820604 Application for Award of Attys Fees Under Equal Access to Justice Act in Light of Comptroller General 830929 Ruling.Related Correspondence ML20078F9881983-10-0505 October 1983 Requests Status Rept on Author Fee Petition ML20077N5691983-09-0909 September 1983 Requests Status Rept of Application for Award of Fees & Expenses Under Equal Access to Justice Act (Filed 15 Months Ago).Matter Delayed Well Beyond Reasonable Time for No Apparent Reason ML20072D6841983-06-0909 June 1983 Requests Status of Business & Prof People for Public Interest 820604 Application for Fees Under Equal Access to Justice Act ML20066H7941982-11-17017 November 1982 Forwards Final Rept on Completion of Site Restoration Program,Per ASLB 820506 Order ML20027D6631982-11-0202 November 1982 Forwards Notice of Final Insp to Be Conducted on 821116 Following Completion of Site Restoration Work,Per 820506 Order Terminating Proceedings on Extension of CPPR-104 ML20065H5221982-10-0101 October 1982 Forwards Notice of Site Insp to Be Conducted on 821018 in Conjunction W/Ongoing Restoration Work,Per ASLB 820506 Order Terminating Proceedings on Application for CP Extension ML20063L1511982-09-0101 September 1982 Forwards Second Rept on Progress of Site Restoration Plan, Per ASLB 820506 Order ML20058J5371982-08-0606 August 1982 Requests Comptroller General Opinion Re Availability of Funds to Pay Awards by Us Agency to Intervenors Under Equal Access to Justice Act (Eaja).Eaja Conflicts W/Nrc FY82 Appropriations Act ML20054L9191982-07-0606 July 1982 Informs That No Questions Eliminated Re Existence of ASLB to Rule on Application for Award of Fees & Expenses Since 820624 Notice of ASLB Reconstitution Issued ML20054K9751982-06-25025 June 1982 Forwards Evaluation of First Quarterly Rept Re Progress on Site Restoration.Util Made Reasonable Progress in Restoring Site.Evaluation Forwarded to Parties Per ASLB 820506 Order ML20054G5791982-06-18018 June 1982 Advises That NRC Will File No Response to Business & Prof People for Public Interest 820604 Application for Award of Fees Until Commission Secretary Renders Advice on Procedure to Be Followed & Schedule Established ML20053D2381982-06-0101 June 1982 Forwards Quarterly Progress Rept Re Site Restoration Plan, Per 820506 Order ML20053E5851982-06-0101 June 1982 Forwards Util Rept on Site Restoration Plan as of 820601 ML20052C6031982-04-29029 April 1982 Advises That Util Will Not File Objections &/Or Requested Mods to ASLB 820412 Memorandum & Order.Certificate of Svc Encl ML20050B5621982-03-30030 March 1982 Responds to NRC 820304 Ltr Re Natl Park Svc 811223 Ltr Commenting on Util Proposed Restoration Plan for Excavation Site.Procedures to Be Undertaken by Util for Sealing & Capping of Wells Adequately Address Concerns ML20049J5861982-03-11011 March 1982 Requests Status Rept on Util Implementation of Revised Restoration Plan ML20039D6151981-12-23023 December 1981 Comments on Facility Site Restoration Plan,In Response to NRC 811120 Ltr.Monitoring Wells Outside Excavation Necessary for Future Monitoring Should Not Be Capped ML20039A8461981-12-15015 December 1981 Comments on Facility Site.Site Endangers Safety of Wildlife & Welfare of Public ML20038B1611981-11-19019 November 1981 Forwards Revised Rept on Resolution of All Const Activities Undertaken at Bailly Site. Rept Incorporates NRC & Porter County Chapter Intervenor Comments ML20010G1211981-08-20020 August 1981 Forwards Spring 1981 Quarterly Rept,Bailly Nuclear-1 Site Encompassing Apr-June 1981. Contains Analyses & Interpretations of Data for Terrestrial & Aquatic Monitoring Efforts ML20010D1901981-08-17017 August 1981 Ack Receipt of 810813 Ltr Requesting Rescheduling of Osann Deposition.Lists Available Dates for Rescheduling.Related Correspondence ML20010B8491981-08-12012 August 1981 Forwards Well Charts for 810729-0805,Bailly Wells W/O Recorders,Pond Levels,Pneumatic Pressure Transducers,Water Meter Readings,Usgs Wells,Chart Recorder Calibr Results for 810805 & Rainfall Data for 810601-0731 ML20010B4131981-08-0606 August 1981 Responds to Rj Vollen 810803 Ltr Re 810731 Press Releases on Util Financial Repts.Qualified Audit Rept Will Be Available on or Before 810831.Press Release Encl ML19247E6511981-08-0404 August 1981 Continues Correspondence Re Const Dewatering & CP Extension for Facility.Requests Latest Info on CP Renewal Hearing, Including Official Orders Issued Since 800807 Order,Current List of Intervenors & All Interrogatories & Depositions ML20010B1271981-08-0303 August 1981 Forwards Well Charts for 810722-29 & Bailly Wells W/O Recorders,Pond Levels,Pneumatic Pressure Transducers,Water Meter Readings & USGS Wells for 810729 ML20009G9301981-07-31031 July 1981 Opposes Licensing of Facilities ML20009H4181981-07-31031 July 1981 Ack Receipt of Two 810724 Ltrs.Requests Addl Documents Responsive to Porter County Chapter Intervenors 810519 Second Request & 810609 Third Request for Production of Documents.Related Correspondence ML20009H4201981-07-31031 July 1981 Confirms That Rj Bohn Deposition Will Continue on 810814 & AP Severance Depositon Will Commence on 810821,per 810730 Telcon.Related Correspondence ML20009G3661981-07-29029 July 1981 Forwards Well Charts for 810715-22 & Bailly Wells W/O Recorders,Pond Levels,Pneumatic Pressure Transducers,Water Meter Readings & USGS Wells for 810722 ML20009G9751981-07-28028 July 1981 Opposes Licensing of Facilities ML20009E1881981-07-23023 July 1981 Forwards Well Charts for 810708-15 & Bailly Wells W/O Recorders,Pond Levels,Pneumatic Pressure Transducers,Water Meter Readings & USGS Wells for 810715 ML20009E0931981-07-21021 July 1981 Forwards Bohn Deposition Exhibit 2.W/o Encl ML20009E2121981-07-21021 July 1981 Forwards Proposed Agreement Per ASLB 810522 Memorandum & Order Granting Protective Order to Ge,For Review & Reply. Relevant Documents Available for Insp ML20009D4501981-07-21021 July 1981 Opposes Licensing of Facilities ML20009C0581981-07-15015 July 1981 Forwards Well Charts for 810701-08 & Bailly Wells W/O Recorders,Pond Levels,Pneumatic Pressure Transducers,Water Meter Readings & USGS Wells for 810708.Pen Off Paper for Well 14 ML20009B1701981-07-10010 July 1981 Package of Two Ltrs Opposing Licensing of Facilities ML20009B2171981-07-10010 July 1981 Responds to Generic Ltr 81-01, Qualification of Insp Exam & Testing & Audit Personnel. Util Commits to Comply W/Regulatory Positions Contained in Reg Guides 1.58 & 1.146 ML20009B7871981-07-0808 July 1981 Requests That ASLB Withhold State of Il 810623 Requested Subpoenas Until General Relevance of Testimony Demonstrated ML20009A9921981-07-0808 July 1981 Forwards Well Charts for 810624-0701 & Bailly Wells W/O Recorders,Pond Levels,Pneumatic Pressure Transducers,Water Meter Readings & USGS Wells for 810701 1993-04-12
[Table view] Category:EXTERNAL CORRESPONDENCE
MONTHYEARML20049J5861982-03-11011 March 1982 Requests Status Rept on Util Implementation of Revised Restoration Plan ML20010D1901981-08-17017 August 1981 Ack Receipt of 810813 Ltr Requesting Rescheduling of Osann Deposition.Lists Available Dates for Rescheduling.Related Correspondence ML20010B4131981-08-0606 August 1981 Responds to Rj Vollen 810803 Ltr Re 810731 Press Releases on Util Financial Repts.Qualified Audit Rept Will Be Available on or Before 810831.Press Release Encl ML20009H4201981-07-31031 July 1981 Confirms That Rj Bohn Deposition Will Continue on 810814 & AP Severance Depositon Will Commence on 810821,per 810730 Telcon.Related Correspondence ML20009E2121981-07-21021 July 1981 Forwards Proposed Agreement Per ASLB 810522 Memorandum & Order Granting Protective Order to Ge,For Review & Reply. Relevant Documents Available for Insp ML20009E0931981-07-21021 July 1981 Forwards Bohn Deposition Exhibit 2.W/o Encl ML20009B7951981-07-0808 July 1981 Ack Receipt of Ah Petersen,Fg Hiple & CR Kulawinski 810629 Notice of Depositions.Util Pending Motion Suggests Depositions Not Be Scheduled After 810731.Earlier Date Requested ML20008G1091981-06-24024 June 1981 Ack Receipt of Wh Eichhorn 810623 Response to Porter County Chapter Intervenors' 810615 Request for Documents Filed W/ NRC Per Generic Ltr 81-23.Requests Documents When & If Available.Related Correspondence ML20004F7691981-06-15015 June 1981 Requests That Any Repts from Facility Submitted to NRC Per Generic Ltr 81-23 Also Be Submitted to Porter County Chapter Intervenors.Related Correspondence ML20004F6351981-06-15015 June 1981 Informs That Wh Eichhorn Furnished Copy of Answers of People of State of Il to Licensee Second Set of Interrogatories. Requests Correction of Svc List Used by Il.Certificate of Svc Encl.Related Correspondence ML20004C6491981-05-29029 May 1981 Forwards Northern in Public Svc Co Latest Cost Estimate & Documents in Supplementary Response to Item 6(a) of Third Request for Production of Documents.Requests Prompt Return of Documents.Related Correspondence.W/O Encl ML19346A0531981-05-28028 May 1981 Poses Addl Questions Re Const Permit Extension to Obtain Info Omitted from First Set of Interrogatories.First Set of Answers Were Not Sufficiently Detailed.Related Correspondence ML20004B7021981-05-19019 May 1981 Responds to 810428 Ltr Re Motion to Compel Answers to Porter County Chapter Intervenors' First Set of Interrogatories to Util.Ltr Is Not Proper Substitute for Answer to Interrogatory ML19345H5851981-05-0707 May 1981 Ack Receipt of 810505 Ltr Demanding Documents.Documents Requested Will Be Delivered During Week of 810511.Two Documents Beyond Discovery Scope,One Proprietary Document & One Other Document Removed.Related Correspondence ML20008G1201981-05-0505 May 1981 Requests Prompt Delivery of Documents Per Porter County Chapter Intervenors Second & Third Requests to Produce Directed to Util ML20003J3781981-04-28028 April 1981 Discusses Concerns Re Util Answers to Porter County Chapter Intervenors' First Set of Interrogatories.Prefers Settling Differences W/O ASLB Ruling ML20126H9761981-04-10010 April 1981 Forwards Util 810410 First Set of Interrogatories Re Dewatering Effects on Lakeshore,Expert Witnesses to Be Called & Documents to Be Introduced Into Evidence or Used in cross-examination.Related Correspondence ML20126H9441981-04-10010 April 1981 Forwards Util 810410 First Set of Interrogatories Re Dewatering Effects on Lakeshore,Expert Witnesses to Be Called & Documents to Be Introduced Into Evidence or Used in cross-examination.Related Correspondence ML19345G8861981-04-0808 April 1981 Responds to 810403 Ltr Requesting Addl Info Re Production of Documents.All Documents Produced in Response to Paragraphs 9,10 & 11 Available for Insp.Page Count of Documents to Be Produced Not Available.Related Correspondence ML19347D9601981-04-0303 April 1981 Ack Receipt of 810325 Ltr.Requests to Be Informed of Possibility of Documents from Second Request & Quantity of Addl Info to Be Produced ML19345G5301981-03-25025 March 1981 Responds to 810313 Ltr Re Documents Identified in First & Second Requests for Production of Documents Per ASLB 801120 Order.Documents Tending to Prove or Disprove Any Assertion Not to Be Produced.Related Correspondence ML20003E2071981-03-13013 March 1981 Requests Production by 810406 of CP Extension Documents Requested in ASLB 801120 Discovery Order ML20003E2451981-03-13013 March 1981 Submits Formal Request That Listed Documents Be Produced on or Before 810406,per ASLB 801120 Order Re Discovery ML19347D2341981-02-18018 February 1981 Forwards Response to Util 801208 Ltr Re Site Groundwater Analysis.D'Appolonia Consulting Engineers Rept Criticizing USGS Contains Only Repetition of Known & Ack Methodology Limitations.Internal Doi Memos Encl ML19351G2761981-02-12012 February 1981 Forwards Sargent & Lundy 781030 Rept, Hydrogeologic Evaluation of Const Dewatering,Bailly Generating Station, Nuclear 1. Other Requested Documents Have Already Been Produced.Certificate of Svc Encl.W/O Rept ML20126E7471981-02-0505 February 1981 Ack Receipt of Re Comments on Dewatering Rept. Panel Completed Work.No Plans Made to Reconvene Group. Studies of Cowles Bog & Wetlands & Effects of Dewatering on Lakeshore Will Continue.Certificate of Svc Encl ML19344B3241980-08-12012 August 1980 Informs That Council Has Reviewed 800527 Ltr Re Application of NEPA Future Decisions Concerning Facility.Council Concludes That NRC Should Prepare & Circulate Suppl to EIS on CP Prior to Rendering Decision ML19309A5141980-03-21021 March 1980 Forwards Three Sargent & Lundy Repts & 780413,790629 & 0814 Ltrs,Re H-pile Foundations in Response to NRC Request.W/O Encl ML19322E7941980-02-29029 February 1980 Responds to Eichhorn 800227 Ltr.Arrangements Will Be Made Re Pick Up of Applicant Responses to Supplemental Petitions at Convenient Time.Certificate of Svc Encl 1982-03-11
[Table view] Category:EXTERNAL LETTERS ROUTED TO NRC
MONTHYEARML20049J5861982-03-11011 March 1982 Requests Status Rept on Util Implementation of Revised Restoration Plan ML20010D1901981-08-17017 August 1981 Ack Receipt of 810813 Ltr Requesting Rescheduling of Osann Deposition.Lists Available Dates for Rescheduling.Related Correspondence ML20010B4131981-08-0606 August 1981 Responds to Rj Vollen 810803 Ltr Re 810731 Press Releases on Util Financial Repts.Qualified Audit Rept Will Be Available on or Before 810831.Press Release Encl ML20009H4201981-07-31031 July 1981 Confirms That Rj Bohn Deposition Will Continue on 810814 & AP Severance Depositon Will Commence on 810821,per 810730 Telcon.Related Correspondence ML20009E2121981-07-21021 July 1981 Forwards Proposed Agreement Per ASLB 810522 Memorandum & Order Granting Protective Order to Ge,For Review & Reply. Relevant Documents Available for Insp ML20009E0931981-07-21021 July 1981 Forwards Bohn Deposition Exhibit 2.W/o Encl ML20009B7951981-07-0808 July 1981 Ack Receipt of Ah Petersen,Fg Hiple & CR Kulawinski 810629 Notice of Depositions.Util Pending Motion Suggests Depositions Not Be Scheduled After 810731.Earlier Date Requested ML20008G1091981-06-24024 June 1981 Ack Receipt of Wh Eichhorn 810623 Response to Porter County Chapter Intervenors' 810615 Request for Documents Filed W/ NRC Per Generic Ltr 81-23.Requests Documents When & If Available.Related Correspondence ML20004F7691981-06-15015 June 1981 Requests That Any Repts from Facility Submitted to NRC Per Generic Ltr 81-23 Also Be Submitted to Porter County Chapter Intervenors.Related Correspondence ML20004F6351981-06-15015 June 1981 Informs That Wh Eichhorn Furnished Copy of Answers of People of State of Il to Licensee Second Set of Interrogatories. Requests Correction of Svc List Used by Il.Certificate of Svc Encl.Related Correspondence ML20004C6491981-05-29029 May 1981 Forwards Northern in Public Svc Co Latest Cost Estimate & Documents in Supplementary Response to Item 6(a) of Third Request for Production of Documents.Requests Prompt Return of Documents.Related Correspondence.W/O Encl ML19346A0531981-05-28028 May 1981 Poses Addl Questions Re Const Permit Extension to Obtain Info Omitted from First Set of Interrogatories.First Set of Answers Were Not Sufficiently Detailed.Related Correspondence ML20004B7021981-05-19019 May 1981 Responds to 810428 Ltr Re Motion to Compel Answers to Porter County Chapter Intervenors' First Set of Interrogatories to Util.Ltr Is Not Proper Substitute for Answer to Interrogatory ML19345H5851981-05-0707 May 1981 Ack Receipt of 810505 Ltr Demanding Documents.Documents Requested Will Be Delivered During Week of 810511.Two Documents Beyond Discovery Scope,One Proprietary Document & One Other Document Removed.Related Correspondence ML20008G1201981-05-0505 May 1981 Requests Prompt Delivery of Documents Per Porter County Chapter Intervenors Second & Third Requests to Produce Directed to Util ML20003J3781981-04-28028 April 1981 Discusses Concerns Re Util Answers to Porter County Chapter Intervenors' First Set of Interrogatories.Prefers Settling Differences W/O ASLB Ruling ML20126H9761981-04-10010 April 1981 Forwards Util 810410 First Set of Interrogatories Re Dewatering Effects on Lakeshore,Expert Witnesses to Be Called & Documents to Be Introduced Into Evidence or Used in cross-examination.Related Correspondence ML20126H9441981-04-10010 April 1981 Forwards Util 810410 First Set of Interrogatories Re Dewatering Effects on Lakeshore,Expert Witnesses to Be Called & Documents to Be Introduced Into Evidence or Used in cross-examination.Related Correspondence ML19345G8861981-04-0808 April 1981 Responds to 810403 Ltr Requesting Addl Info Re Production of Documents.All Documents Produced in Response to Paragraphs 9,10 & 11 Available for Insp.Page Count of Documents to Be Produced Not Available.Related Correspondence ML19347D9601981-04-0303 April 1981 Ack Receipt of 810325 Ltr.Requests to Be Informed of Possibility of Documents from Second Request & Quantity of Addl Info to Be Produced ML19345G5301981-03-25025 March 1981 Responds to 810313 Ltr Re Documents Identified in First & Second Requests for Production of Documents Per ASLB 801120 Order.Documents Tending to Prove or Disprove Any Assertion Not to Be Produced.Related Correspondence ML20003E2071981-03-13013 March 1981 Requests Production by 810406 of CP Extension Documents Requested in ASLB 801120 Discovery Order ML20003E2451981-03-13013 March 1981 Submits Formal Request That Listed Documents Be Produced on or Before 810406,per ASLB 801120 Order Re Discovery ML19347D2341981-02-18018 February 1981 Forwards Response to Util 801208 Ltr Re Site Groundwater Analysis.D'Appolonia Consulting Engineers Rept Criticizing USGS Contains Only Repetition of Known & Ack Methodology Limitations.Internal Doi Memos Encl ML19351G2761981-02-12012 February 1981 Forwards Sargent & Lundy 781030 Rept, Hydrogeologic Evaluation of Const Dewatering,Bailly Generating Station, Nuclear 1. Other Requested Documents Have Already Been Produced.Certificate of Svc Encl.W/O Rept ML20126E7471981-02-0505 February 1981 Ack Receipt of Re Comments on Dewatering Rept. Panel Completed Work.No Plans Made to Reconvene Group. Studies of Cowles Bog & Wetlands & Effects of Dewatering on Lakeshore Will Continue.Certificate of Svc Encl ML19344B3241980-08-12012 August 1980 Informs That Council Has Reviewed 800527 Ltr Re Application of NEPA Future Decisions Concerning Facility.Council Concludes That NRC Should Prepare & Circulate Suppl to EIS on CP Prior to Rendering Decision ML19309A5141980-03-21021 March 1980 Forwards Three Sargent & Lundy Repts & 780413,790629 & 0814 Ltrs,Re H-pile Foundations in Response to NRC Request.W/O Encl ML19322E7941980-02-29029 February 1980 Responds to Eichhorn 800227 Ltr.Arrangements Will Be Made Re Pick Up of Applicant Responses to Supplemental Petitions at Convenient Time.Certificate of Svc Encl 1982-03-11
[Table view] |
Text
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}
4 ElCMHORN, EXCHHORN & LINK racocnica r.cicwwonn,sm. ATTOMNEYS AT law watuAM n. cecnwoaa sa43 HoHM AN AVENUC J ES .NAOV H AM M oN o,1N DIAN A gggg,,,,g st.wso c.seusew 4632o .3..osso CsCMamp M. SCMuMACHER fA8tCD COQS als P3f Est L.MATTON
%II kJ August 6, 1981 @ NN g,uf,a;,"^],,,,,,,
MAURE EN JoMN5 GRIMMER i 4?.
- AU3101981 > 1 3' C"h d t nadary /I D
Mr. Robert J. Vollen Qy*D c/o BPI c> p 109 Norto Dearborn Street 4 g Suite 1300 tn Chicago, Illinois 60602 a b s
q Re: In the Matter Company of Northern (Bailly Generr .ingIndiana Public Station, Sep dce gI k Nuclear'
[/ L.U[A g Docket No. 50-367 , -
-8 (Construction Permit Extension) [ #'UU .l 3 Jgg7
Dear Mr. Vollen:
sN 8D** . / ..
The news reports to which you refer in your August 3, to me were not based upon release of new financial repor 8r / tt
_.1
[
Northern Indiana Public Service Company (NIPSCO) but rather a press release issued on Friday, July 31, 1981., A copy of that press release is enclosed. The qualified audit report referred to in the press release will appear in NIPSCO's 10-0 report to the Securities & Exchange Commission. That report will be submitted to the Securities & Exchange Commission shortly and a copy of it will be made available to you on or.before August 31, 1981, when other discovery requests are updated.
Yours very truly, EICilllORN , EICHHORN & LINK
/ .
By:
William 11. ~ichhorn E
WHE/dgg Enclosure D503#
cc: Service List f
//'
O$000 7 PDR
TSEEOO@O NORTHERN INDIANA PUBLIC SERVICE COMPANY / 5265 HOHMAN AVENUE /HAMMOND, INDIANA 46320/(219) 853-5200 NIPSCO EARNINGS IMPROVE
- BUT R ATE RELIEF NECESSARY i
- HAMMOND, Ind. -- Edmund A. Schroer, chairman and
- s M
.. chief executive officer of Northern Indiana Public Service Company, W
H
< today (Friday, July 31, 1981) reported that audited figures for the a
second quarter ended June 30,1981, indicate that net income totaled U
M $25. 9 million compared to $19. 7 million for the thrcs-month period ch
$ ended June 30, 1980.
5 Z Earnings per average common share outstanding in the second quarter reached 49 cents compared to 43 cents per average O
(W common share outstanding during the same quarter of the previous d year.
H For the first six months of 1981, earnings per average common e
y share totaled $1. 38 compared to $1. 08 per average common share s during the corresponding period in 1980.
a.
- "These improved second quarter and first half results,"
E 4 Schroer said, " reflect increased gas and electric demand by our major industrial customers, reduced purchased power costs, lowe r
$ maintenance expense, compared to the first half of 1980, and the O
O positive impact o.f last year's electric rate increase. ,
- mo re -
.s Pago two -
"Despite this improvement, " Schroer noted, "recent indicators suggest a moderation in industrial activity durir.g the third quarter, traditionally the weakest production period for our steel and steel-related customers. Furthermore,1981 figures are being compared to depressed 1980 results which were adversely affected by double-digit inflation and a general economic recession.
"While we are encouraged by these first half figures," Schroer continued, "it should be understood that earnings remain at levels substantially below those needed to attract capital (currently about a 16 percent return on en,uity) at favorable rates in today's highly com-petitive national and international money markets. Dividends have not been increased from an annual rate of $1. 50 per share since 1977.
"The necessity c' receiving rate relief in accc,ilance with our February 23,1981, petition to the Public Service Commission of Mdiana has been clearly demonstrated, " the utility chairman said. "Hea rings on the Company's request for a 13. 3 percent electric rate increase concluded July 6,1981.
Earnings per average common share for the 12 month period ended June 30,1981, increased to $1. 84 from $1. 54 for the same period in 1980, with approximately 6. 3 million more evtrage common shares outs tanding.
- more -
Page three The utility chairman also reported that as a result of a July 1 de. cision of the U. S. Court of Appeals for the District of Columbia directing the Nuclear Regulatory Commission (NRC) to include the Bailly Nuclear One pile-depth question in the pending coastruction permit extension proceeding and a July 10 PRC denial of the Company's request to begin hearings on the construction permit extension on September 15,1981, it is becoming increasingly difficult to plan to achieve commercial operation of Bailly Nuclear One in 1989.
Schroer said, "The Company recognizes that if political and emotional factors, litigation delays, regulatory delays and other hostility result in making the 1989 operation date unachievable, construction of Bailly Nuclear One may have to be terminated.
In view of this fact, our outside auditors, Arthur Andersen & Co. ,
have qualified their audit report, covering our June 30, 1981, financial statements, subject to tus successful resolution of current outstanding issues," the utility chcirman concluded.
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EARNINGS
SUMMARY
FOR 3 MONTHS, 6 MONTHS, AND 12 MONTHS ENDED JUNE 30, 1981 3 MONTHS ENDED JUNE 30 1981 1980 Total Operating Revenues $365,075,218 $300,279,373 Net Income $ 25,919,432 $ 19,749,513 Preferred and Preference Stock Dividend Requirements $ 4,945,598 $ ,4,316,537 Balance for Common $ 20,973,834 9 15,432,976 Earnings per Common Share $ 0.49 $ 0.43 Average Common Shares Outstanding 42,797,931 35,891,979 Dividends per Common Share $ 0.37-1/2 $ 0.37-1/2 6 MONTHS ENDED JUNE 30 Total Operating Revenues $83 8,5 65,115 $ 721,562,965 Net Income $ 67,288,411 $ 46,913,808 Preferred and Preference Stock Dividend Requirements $ 9,215,570 $ 8,633,072 Balance for Common $ 58,072,841 $ 38,280,736 Earnings per Common Share $ 1.38 $ 1.06 Average Common Shares Outstanding 42,044,633 35,585,637 Dividende per Common Share $ 0.75 $ 0.75
4
, ' Pago five EARNINGS
SUMMARY
FOR 3 MONTHS, 6 MONTHS, AND 12 MONTHS ENDED JUNE 30, 1981 12 MONTHS ;DED JUNE 30 1981 1980 Total Operating Revenues $1,483,926,551 $1, 299, 921, 554 Net Income $ 92,605,004 $ 70,155,809 Preferred and Preference Stock Dividend Requirements $ 17,786,047 $ 17,275,968 Balance for Common $ 74,818,957 $ 52,879,841 Earnings per Common Share $ 1.84 $ 1.54 Average Common Shares Outstanding 40,637,560 34,333,452 Dividends per Common Share $ 1.50 $ 1.50 f
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