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Generei Offices: 212 West Michigan Avenue, Jackson. Michigan 49201
Generei Offices: 212 West Michigan Avenue, Jackson. Michigan 49201
* D*" 8' 1974 THIS DOCUMENT CONTAINS P0OR QUAUTY PAGES                     'M'3"2                     Mfo cI*                                                0 g-yf                                            WI k.(~'=.
* D*" 8' 1974 THIS DOCUMENT CONTAINS P0OR QUAUTY PAGES
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==Dear Mr. Giambusso:==
==Dear Mr. Giambusso:==
D     is h '
D is h '
                                                                                                                                                  '
This will acknowledge your letter of September 13, 1974 enclosing your staff's evaluation of Consu=ers Power Company's financial qualifications to design and construct the Midland Plant units. In reviewing your evaluation, we find that you have calcu-lated the contribution of internally generated funds to construction expenditurcs scmewhat differently than we do. Our conclusions from the' calculations do not differ r.aterially frcm yours, however.
This will acknowledge your letter of September 13, 1974 enclosing your staff's evaluation of Consu=ers Power Company's financial qualifications to design and construct the Midland Plant units. In reviewing your evaluation, we find that you have calcu-lated the contribution of internally generated funds to construction expenditurcs scmewhat differently than we do. Our conclusions from the' calculations do not differ r.aterially frcm yours, however.
On the last page of the evaluation, which contains the financial analysis table, we note that the Federal Power Co= mission's accounting change of January 1,1974 concerning contributions in aid of construction does.not appear to have been applied consistently in each year to the amount of utility plant.
On the last page of the evaluation, which contains the financial analysis table, we note that the Federal Power Co= mission's accounting change of January 1,1974 concerning contributions in aid of construction does.not appear to have been applied consistently in each year to the amount of utility plant.
In November 1974, we expect to file a further amendment to the Midland Plant license application which will contain information concerning the Company's financial qualifications. The information already provided to you will be updated in the amendment to incorpor-ate information available_ at the end of the third quarter of the cal-endar year 1974. This infomation vill provide the base from which changes will be reported as you have requested in your September 13                                                     ,
In November 1974, we expect to file a further amendment to the Midland Plant license application which will contain information concerning the Company's financial qualifications. The information already provided to you will be updated in the amendment to incorpor-ate information available_ at the end of the third quarter of the cal-endar year 1974. This infomation vill provide the base from which changes will be reported as you have requested in your September 13 letter.
letter.                                                                                                                   j
j On September 16, 1974, since our last meeting on this subject, the Michigan Public Service Commission issued an order granting the Company approximately $27,624,000 in interim rate relief pending com-pletion of the proceeding on the Company's application for an increase in electric rates (Case No. U-4576).
                -
Yours very truly, M
On September 16, 1974, since our last meeting on this subject, the Michigan Public Service Commission issued an order granting the Company approximately $27,624,000 in interim rate relief pending com-pletion of the proceeding on the Company's application for an increase
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in electric rates (Case No. U-4576).
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              ,                                                              Yours very truly,
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/*
_
s AEC DISTRIBUTION FOR PART 50 DOCKET MATERIAL (TEMPORARY FORM)
      *>                                                                              /*
CONTROL NO:
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10554 FILE:
                    .
FROM: Consumers Power Conpany DATE OF DOC DATE REC'D LTR TWX RPT OTHER Jackson,ifich 49201 Mr. S.II. Howell 10-8-74 10-10-74 X
              ,
TO:
AEC DISTRIBUTION FOR PART 50 DOCKET MATERIAL
ORIG CC OTHER SENT AEC PDR XXX A. Giambusno 1 signed SENT LOCAL PDR CLASS UNCLASS PROPINFO INPUT NO CYS REC'D DOCKET NO:
                  .                                        (TEMPORARY FORM)
XXX 1
CONTROL NO:     10554 FILE:
50 330 DESCRIPTION:
FROM: Consumers Power Conpany               DATE OF DOC     DATE REC'D       LTR       TWX     RPT     OTHER Jackson,ifich 49201 Mr. S.II. Howell                   10-8-74       10-10-74           X TO:                                               ORIG     CC   OTHER           SENT AEC PDR             XXX A. Giambusno                     1 signed                           SENT LOCAL PDR
ENCLOSURES:
* CLASS         UNCLASS       PROPINFO             INPUT     NO CYS REC'D           DOCKET NO:
Ltr re our 8-13-74 ltr...furn info concerning di v e,,,, _
XXX                                           1                     50         330 DESCRIPTION:                                               ENCLOSURES:
))
Ltr re our 8-13-74 ltr...furn info concerning                             di v   e, , ,, _
ths financial qualifications of the Consumers Power Company in. relation to the design and construction of the !!idland Nuclear Power
ths financial qualifications of the Consumers                                                             ]]
.b V 4',
Power Company in. relation to the design and                           -
construction of the !!idland Nuclear Power                             .b V 4',
                                                                                                  '
Plant.......
Plant.......
                                                                                            -Wl,j,(j]
-Wl,j,(j]
PLANT NAME:
PLANT NAME:
                              ?fidinnd FOR ACTION /lNFORMATION                     10-21-74       JB BUTLER (L)               /SCHWENCER (L) ZIEMANN (L)                   REGAN (E)
?fidinnd FOR ACTION /lNFORMATION 10-21-74 JB BUTLER (L)
W/ Copies                   W$ Copies           W/ Copies           W/ Copies CLARK (L)                   STOLZ (L)           DICKER (E)           LEAR (L)
/SCHWENCER (L) ZIEMANN (L)
W/ Copies                   W/ Copies           W/ Copies           W/ Copies PARR (L)                     VASSALLO (L)         KNIGHTON (E)
REGAN (E)
W/ Copies                   W/ Copies           W/ Copies           W/ Copies KNIEL (L)                   PURPLE (L)           YOUNGBLOOD (E)
W/ Copies W$ Copies W/ Copies W/ Copies CLARK (L)
W/ Copies                   W/ Copies           W/ Copies           W/ Copies
STOLZ (L)
                                                                                                                                )
DICKER (E)
LEAR (L)
W/ Copies W/ Copies W/ Copies W/ Copies PARR (L)
VASSALLO (L)
KNIGHTON (E)
W/ Copies W/ Copies W/ Copies W/ Copies KNIEL (L)
PURPLE (L)
YOUNGBLOOD (E)
W/ Copies W/ Copies W/ Copies W/ Copies
)
INTERNAL DISTRIBUTION
INTERNAL DISTRIBUTION
    /RFG FILE                       TECH REVIEW           DENTON               LIC ASST                     A/T IND
/RFG FILE TECH REVIEW DENTON LIC ASST A/T IND
    / AEC PDR                                             GRIMES                                       / BRAITMAN
/ AEC PDR GRIMES
    /OGC, ROOM P-506A               SCHROEDER           GAMMILL             DIGGS (L)                   SALTZMAN
/ BRAITMAN
    /MUNTZING/ STAFF                 MACCARY             KASTNER             GEARIN (L)               / B. HURT 7 CASE                           KNIGHT               BALLARD         # GOULBOURNE (L)
/OGC, ROOM P-506A SCHROEDER GAMMILL DIGGS (L)
    /GIAMBUSSO (adv)               PAWLICKl             SPANG LER           KREUTZER (E)                 PLANS
SALTZMAN
    /BOYD                           SHAO                                       LEE (L)                     MCDONALD MOORE (L) (BWR)             STELLO               ENVIRO               MAIGRET (L)                 CHAPMAN DEYOUNG (L) (PWR) HOUSTON                         MULLER               REED (E)                     DUBE w/ input
/MUNTZING/ STAFF MACCARY KASTNER GEARIN (L)
  /SKOVHOLT (L) (adv) NOVAK                             DICKER               SERVICE (L)                 E. COUPE
/ B. HURT 7 CASE KNIGHT BALLARD
  /GOLLER (L)                       ROSS                 KNIGHTON       ,
# GOULBOURNE (L)
                                                                            ' SHEPPARD (L)
/GIAMBUSSO (adv)
P. CO LLINS                 IPPOLITO             YOUNGBLOOD           SLATER (E)                   D. THOMPSON (2)
PAWLICKl SPANG LER KREUTZER (E)
DENISE                     TEDESCO               REGAN               SMITH (L)                   KLECKER
PLANS
  / REG OPR                         LONG                 PROJECT LDR         TEETS (L)                   EISENHUT FILE & REGION (3)           LAIN AS                                   WILLI AMS (E)
/BOYD SHAO LEE (L)
MORRIS                     BENAROYA             HAR LESS             WILSON (L)
MCDONALD MOORE (L) (BWR)
STEELE                       VOLlMER EXTERNAL DISTRIBUTION
STELLO ENVIRO MAIGRET (L)
      /1 - LOCAL PDR ffidland, !!ich.
CHAPMAN DEYOUNG (L) (PWR)
      /1 -- TI,C (ABERNATHY)            (1)(2)(10) - NATIONAL LABS                         1 - PDR-SAN /LA/NY l
HOUSTON MULLER REED (E)
I
DUBE w/ input
      / 1 NSIC (BUCHANAN)                       1 - ASLBP(E/W Bldg, Rm S29)               1 - BROOKHAVEN NAT LAB 1 - ASLB                               1 - W. PENNINGTON, Rm E-201 GT             1 - G. U LRIKSON, ORN L 1 - Newton Anderson                   1 - B&M SWINEBROAD, Rm E-201 GT           *
/SKOVHOLT (L) (adv) NOVAK DICKER SERVICE (L)
                                                                                              - AGMED (RUTH GUSSMAN) 16- ACRS HOLDING                         1 - CONSU LTANTS                                   Rm B-127 GT               i NEWM ARK /BLUME/AG BABI AN           1 - R. D. MUELLER, Rm E 201     .j GT                       gV '}}
E. COUPE
/GOLLER (L)
ROSS KNIGHTON
' SHEPPARD (L)
P. CO LLINS IPPOLITO YOUNGBLOOD SLATER (E)
D. THOMPSON (2)
DENISE TEDESCO REGAN SMITH (L)
KLECKER
/ REG OPR LONG PROJECT LDR TEETS (L)
EISENHUT FILE & REGION (3)
LAIN AS WILLI AMS (E)
MORRIS BENAROYA HAR LESS WILSON (L)
STEELE VOLlMER EXTERNAL DISTRIBUTION
/1 - LOCAL PDR ffidland, !!ich.
/1 --
(1)(2)(10) - NATIONAL LABS 1 - PDR-SAN /LA/NY
/
TI,C (ABERNATHY) 1 NSIC (BUCHANAN) 1 - ASLBP(E/W Bldg, Rm S29) 1 - BROOKHAVEN NAT LAB 1 - ASLB 1 - W. PENNINGTON, Rm E-201 GT 1 - G. U LRIKSON, ORN L 1 - Newton Anderson 1 - B&M SWINEBROAD, Rm E-201 GT
- AGMED (RUTH GUSSMAN) 16-ACRS HOLDING 1 - CONSU LTANTS Rm B-127 GT i
NEWM ARK /BLUME/AG BABI AN 1 - R. D. MUELLER, Rm E 201
.j GT gV
'}}

Latest revision as of 08:34, 31 December 2024

Ack Receipt of AEC 740913 Evaluation of Util Financial Qualifications to Design & Construct Facilities.Amend to Be Filed in Nov 1974 Will Update Present Financial Info
ML19326D156
Person / Time
Site: Midland
Issue date: 10/08/1974
From: Howell S
CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.)
To: Anthony Giambusso
US ATOMIC ENERGY COMMISSION (AEC)
References
NUDOCS 8006090564
Download: ML19326D156 (2)
v • d • e


Text

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s.

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,o 00T211974 f'

CDDSumDTS REGutATOW 3

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i vice presroent eoCm '

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Generei Offices: 212 West Michigan Avenue, Jackson. Michigan 49201

  • D*" 8' 1974 THIS DOCUMENT CONTAINS P0OR QUAUTY PAGES

'M'3"2 WI k.(~'=.

Mfo cI*

0 g-yf WI& O 50-330 Mr. Angelo Gia=busso O

M d

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~

Deputy Director for Reactor Projects 5 4[If.#[2

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Directorate of Licensing

~ @ f* %.

r US Atomic Energy Co= mission g

Washington, DC 20545

},gulatory, File Cy.

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Dear Mr. Giambusso:

D is h '

This will acknowledge your letter of September 13, 1974 enclosing your staff's evaluation of Consu=ers Power Company's financial qualifications to design and construct the Midland Plant units. In reviewing your evaluation, we find that you have calcu-lated the contribution of internally generated funds to construction expenditurcs scmewhat differently than we do. Our conclusions from the' calculations do not differ r.aterially frcm yours, however.

On the last page of the evaluation, which contains the financial analysis table, we note that the Federal Power Co= mission's accounting change of January 1,1974 concerning contributions in aid of construction does.not appear to have been applied consistently in each year to the amount of utility plant.

In November 1974, we expect to file a further amendment to the Midland Plant license application which will contain information concerning the Company's financial qualifications. The information already provided to you will be updated in the amendment to incorpor-ate information available_ at the end of the third quarter of the cal-endar year 1974. This infomation vill provide the base from which changes will be reported as you have requested in your September 13 letter.

j On September 16, 1974, since our last meeting on this subject, the Michigan Public Service Commission issued an order granting the Company approximately $27,624,000 in interim rate relief pending com-pletion of the proceeding on the Company's application for an increase in electric rates (Case No. U-4576).

Yours very truly, M

- d d.,,

,a SmI/sjb

]

MSP 8006090gp w

w

/*

s AEC DISTRIBUTION FOR PART 50 DOCKET MATERIAL (TEMPORARY FORM)

CONTROL NO:

10554 FILE:

FROM: Consumers Power Conpany DATE OF DOC DATE REC'D LTR TWX RPT OTHER Jackson,ifich 49201 Mr. S.II. Howell 10-8-74 10-10-74 X

TO:

ORIG CC OTHER SENT AEC PDR XXX A. Giambusno 1 signed SENT LOCAL PDR CLASS UNCLASS PROPINFO INPUT NO CYS REC'D DOCKET NO:

XXX 1

50 330 DESCRIPTION:

ENCLOSURES:

Ltr re our 8-13-74 ltr...furn info concerning di v e,,,, _

))

ths financial qualifications of the Consumers Power Company in. relation to the design and construction of the !!idland Nuclear Power

.b V 4',

Plant.......

-Wl,j,(j]

PLANT NAME:

?fidinnd FOR ACTION /lNFORMATION 10-21-74 JB BUTLER (L)

/SCHWENCER (L) ZIEMANN (L)

REGAN (E)

W/ Copies W$ Copies W/ Copies W/ Copies CLARK (L)

STOLZ (L)

DICKER (E)

LEAR (L)

W/ Copies W/ Copies W/ Copies W/ Copies PARR (L)

VASSALLO (L)

KNIGHTON (E)

W/ Copies W/ Copies W/ Copies W/ Copies KNIEL (L)

PURPLE (L)

YOUNGBLOOD (E)

W/ Copies W/ Copies W/ Copies W/ Copies

)

INTERNAL DISTRIBUTION

/RFG FILE TECH REVIEW DENTON LIC ASST A/T IND

/ AEC PDR GRIMES

/ BRAITMAN

/OGC, ROOM P-506A SCHROEDER GAMMILL DIGGS (L)

SALTZMAN

/MUNTZING/ STAFF MACCARY KASTNER GEARIN (L)

/ B. HURT 7 CASE KNIGHT BALLARD

  1. GOULBOURNE (L)

/GIAMBUSSO (adv)

PAWLICKl SPANG LER KREUTZER (E)

PLANS

/BOYD SHAO LEE (L)

MCDONALD MOORE (L) (BWR)

STELLO ENVIRO MAIGRET (L)

CHAPMAN DEYOUNG (L) (PWR)

HOUSTON MULLER REED (E)

DUBE w/ input

/SKOVHOLT (L) (adv) NOVAK DICKER SERVICE (L)

E. COUPE

/GOLLER (L)

ROSS KNIGHTON

' SHEPPARD (L)

P. CO LLINS IPPOLITO YOUNGBLOOD SLATER (E)

D. THOMPSON (2)

DENISE TEDESCO REGAN SMITH (L)

KLECKER

/ REG OPR LONG PROJECT LDR TEETS (L)

EISENHUT FILE & REGION (3)

LAIN AS WILLI AMS (E)

MORRIS BENAROYA HAR LESS WILSON (L)

STEELE VOLlMER EXTERNAL DISTRIBUTION

/1 - LOCAL PDR ffidland, !!ich.

/1 --

(1)(2)(10) - NATIONAL LABS 1 - PDR-SAN /LA/NY

/

TI,C (ABERNATHY) 1 NSIC (BUCHANAN) 1 - ASLBP(E/W Bldg, Rm S29) 1 - BROOKHAVEN NAT LAB 1 - ASLB 1 - W. PENNINGTON, Rm E-201 GT 1 - G. U LRIKSON, ORN L 1 - Newton Anderson 1 - B&M SWINEBROAD, Rm E-201 GT

- AGMED (RUTH GUSSMAN) 16-ACRS HOLDING 1 - CONSU LTANTS Rm B-127 GT i

NEWM ARK /BLUME/AG BABI AN 1 - R. D. MUELLER, Rm E 201

.j GT gV

'

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