ML19347C439

Forwards 1973 Financial Statements & Summary of Financial Protection Per Section 170 of Atomic Energy Act

ML19347C439
Person / Time
Site:	Yankee Rowe
Issue date:	03/07/1974
From:	Soucy A YANKEE ATOMIC ELECTRIC CO.
To:	US ATOMIC ENERGY COMMISSION (AEC)
References
NUDOCS 8011190373
Download: ML19347C439 (5)

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Telephone 617 366-90ll Tirx 710-390-0739 YANKEE ATOMIC ELECTRIC COMPANY pL 4 20 Turnpuke Road Westborough, Massachusetts 01581 50 g9 Yaux,es March 7, 1974 6

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L United States Atomic Energy Commission U

Washington, D. C.

20545 f%, A h Attention: Director, Division of Reactor Licensing 8

k 6-Gentlemen:

In accordance with Section 3.D(3) of our Facilities License No. DPR-3, we enclose twenty-five (25) copies of our financial statements for the year ended December 31, 1973, and a su= mary of financial protection in effect as of that date pursuant to Section 170 of the Atomic Energy Act.

Please acknowledge receipt of these statements on the enclosed post-card.

Very truly yours, YANKEE ATOMIC ELECTRIC COMPANY 9o

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l A. R. Soucy F

Assistant Treasurer Er. closures 7.;Q-k,G

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Telephone 617 366-9011 Tw1 750 390-0739 YANKEE ATOMIC ELECTRIC COMPANY g

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20 Turnpike Road Westborough, Massachusetts 01581 s.

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Su. :arv g the Ancunt s,f Tvoe g Financial Protection 13 Effect a

31, 1973 Pursuant 'g Section 170 pf_ the Atomic Enercy Act j Ibcember As of December 31, 1973, Yankee Atomic Electric Cenpany maintained i

financial protecticn in the ancunt of $95,000,000 under the following policies issued by the !!uelear Energy Liability Insurance Association and the Ritual Atenic Energy Liability Underwriters: NELIA Policy NF-76 and MAELU Policy f

17-26.

Cepies of the foregoing policies and endersenents to date have been filed with the Cc==ission.

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YANKEE ATOMIC ELECTRIC COMPANY Statenent of Income and Retained Earnings-Year Ended December 31, 1973 Utility operating income:

Operating Ievenues

$10,279,260 Operating expenses:

Operating expense h,hh6,329 Maintenance expense 673,529 Depreciation expense 2,129,388 Taxes other than income taxes

$51,3h3 Income taxes--federal 1,073,300 Prior years' taxes credited (310,600)

Total operating expenses 8,563,289 Total utility operating income 1,715,971 Other incone and deductions:

Allowance for furris used during construction 2h,629 Other inccrue deductions (2,150)

Net other income and deductions 22,h79 Interest charges:

Interest on long-term debt 82,500 l

Interest on short-term debt 80h,h91 k2crtization of debt expense h,802 l

Other interest expense 107 Total interest charges 891,900 Net Incese 8h6,550 Retained Earnings:

Balance at beginning of period

$ 5,191,28h Balance transferred from income 8h6,550 l

' Dividends declared - common stock 882,050 Balance at end of period

$ 6,155,78h t

YANKEE ATGIIC EIECTRIC COMPANY

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Balanco Shoot--Year Ended December 31, 1973 Assets and Other Debits Liabilities and Other Credits Ut,mty Plant

$hlt,03$,525 Propriotary capital:

Common stock issuod 153,h00 charos T.ous accumulatod provision for par valuo $100 por sharo

$15,3150,000' depreciation 23,570,708 Retainod earnings 5,155,78h Not Utility Plant (Boforo Nuclear Fuel) 2 0,14618,817 20,1495,78h i

Muelear Fuel 11,680,56h Long-Term Debt:

g Het Utility Plant 32,1h$,381 Bonds--Pirst Mortgago sinicing fund bonds, Series A 5% duo 1/1/82 930,000 Non-utility Property - Net 107,1hh Current and accrued assets:

Current and accrued liabilities:

Accounts Payable 213,h23

~ Cash 37h,3h8 Notes Payable 10,000,000 11,650 Taxes accrued 138,220 Working Funds

.1,609,193 Tax collections payable 10,8h8 Accounts Receivable Material and supplies h92,858 Other 9,681 Prepayments 2h5,637 Total current and Total current and accrued accrued assots 2,733,686 liabilities 10,372,172 Deferred credits:

Accumulated deferred investment tax credits 80,$Q0 Deferred debits:

Accumulated deferred income taxes:

p Unamortized debt expense 1,3h5 Liberalized depreciation 3,109,100 Total assets and other debits

$3h,987,$$6 Total liabilities and other credits

$3h,987,556

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• S G V Al~d J giTE OF EOC DATE REC'D LTR I33:0 PST CIEER Yankee Atomic Electric Company Westborough, Mass.

A. R. Souev 3-7-74 3-11-74 X

TO:

ORIG CC OT;EPs SEliT AEC PDR XXX Director 1 signed CLASS U:: CLASS PROP li;FO II:PUT NO CYS REC'D DOCPIT NO:

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1 50-29 DESCRI? TION:

ENCLOSURES:

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