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==Subject:== | ==Subject:== | ||
Docket No. 50-482: Guarantee of Payment of Deferred Premiums To Whom It May Concern: Pursuant to the requirements of 10 CFR 140.21, each operating reactor licensee is required to maintain financial protection through guarantees of payment of deferred premiums. | |||
Docket No. 50-482: Guarantee of Payment of Deferred Premiums To Whom It May Concern: | The owners of Wolf Creek Generating Station 0.fVCGS) are providing the enclosed documentation of their ability to pay deferred premiums in the amount of eighteen million nine hundred sixty-three thousand dollars, as determined by 10 CFR 140.11 (a)(4). Kansas Gas and Electric Company (KGE), a wholly-owned subsidiary of Westar Energy, Inc., Kansas City Power & Light Company (KCPL), a wholly-owned subsidiary of Great Plains Energy Incorporated, and Kansas Electric Power Cooperative, Inc. (KEPCo), have each provided audited Consolidated Statements of Cash Flows in order to demonstrate sufficient funds are available to meet their share of the deferred premiums. | ||
Pursuant to the requirements of 10 CFR 140.21, each operating reactor licensee is required to maintain financial protection through guarantees of payment of deferred premiums. | |||
The owners of Wolf Creek Generating Station 0.fVCGS) are providing the enclosed documentation of their ability to pay deferred premiums in the amount of eighteen million nine hundred sixty-three thousand | |||
have each provided audited Consolidated Statements of Cash Flows in order to demonstrate sufficient funds are available to meet their share of the deferred premiums. | |||
This letter contains no commitments. | This letter contains no commitments. | ||
If you have any questions concerning this matter, please contact me at (620) 364-4156, or Cynthia R. Hafenstine at (620) 364-4204. | If you have any questions concerning this matter, please contact me at (620) 364-4156, or Cynthia R. Hafenstine at (620) 364-4204. | ||
| Line 36: | Line 32: | ||
==Dear Todd:== | ==Dear Todd:== | ||
Pursuant to the requirements of 10 CFR 140.21(e), | Pursuant to the requirements of 10 CFR 140.21(e), Kansas Gas and Electric Company, is providing the attached audited Consolidated Financial Statements as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. The undersigned certifies that the foregoing memorandum with respect to Kansas Gas and Electric Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely,_ ~e:_.e~ Kevin L. Kongs Vice President, Controller attachment 818 S Kansas Ave/ PO Box 889 / Topeka, KS 66601-0889 | ||
Kansas Gas and Electric | |||
The undersigned certifies that the foregoing memorandum with respect to Kansas Gas and Electric Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely,_ ~e:_.e~ Kevin L. Kongs Vice President, Controller attachment 818 S Kansas Ave/ PO Box 889 / Topeka, KS 66601-0889 | |||
/ (785) 575-6300 KANSAS GAS AND ELECTRIC COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in Thousands) | / (785) 575-6300 KANSAS GAS AND ELECTRIC COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in Thousands) | ||
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: | CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: | ||
Net income .................................................................................................................................. | Net income .................................................................................................................................. . $ Adjustments to reconcile net income to net cash provided by operating activities: | ||
. $ Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | Depreciation and amortization | ||
........................................................................................... | ........................................................................................... . Amortization of nuclear fuel .............................................................................................. . Amortization of deferred regulatory gain from sale leaseback | ||
. Amortization of nuclear fuel .............................................................................................. | .......................................... . Amortization of corporate-owned I ife insurance | ||
. Amortization of deferred regulatory gain from sale leaseback | ................................................................ . Net deferred income taxes and credits ............................................................................... . Allowance for equity funds used during construction | ||
.......................................... | |||
. Amortization of corporate-owned I ife insurance | |||
................................................................ | |||
. Net deferred income taxes and credits ............................................................................... | |||
. Allowance for equity funds used during construction | |||
....................................................... | ....................................................... | ||
.. Payments for asset retirement obligations | .. Payments for asset retirement obligations | ||
.......................................................................... | .......................................................................... . Changes in working capital items: Accounts receivable | ||
. Changes in working capital items: Accounts receivable | ........................................................................................................... . Fuel inventory and supplies ................................................................................................ . Prepaid expenses and other ................................................................................................ . Accounts payable ............................................................................................................... . Other current liabilities | ||
........................................................................................................... | ....................................................................................................... . Changes in other assets ................................................................................................................ . Changes in other liabilities | ||
. Fuel inventory and supplies | .......................................................................................................... . Cash Flows from Operating Activities | ||
................................................................................................ | ................................................................................................. . CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: | ||
. Prepaid expenses and other ................................................................................................ | Year Ended December 31, 2017 2016 134,144 168,411 32,167 (5,495) 19,021 58,412 (935) (4,978) (770) (4,194) 11,560 (4,555) (53,074) (6,101) 8,448 352,061 $ 149,278 163,407 26,714 (5,495) 18,098 65,377 (3,070) (203) (6,604) (241) (20,715) (6,750) (64,685) (17,378) 15,505 313,238 (364,682) | ||
. Accounts payable ............................................................................................................... | |||
. Other current liabilities | |||
....................................................................................................... | |||
. Changes in other assets ................................................................................................................ | |||
. Changes in other liabilities | |||
.......................................................................................................... | |||
. Cash Flows from Operating Activities | |||
................................................................................................. | |||
. CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: | |||
Year Ended December 31, 2017 2016 134,144 168,411 32,167 (5,495) 19,021 58,412 (935) (4,978) (770) (4,194) 11,560 (4,555) (53,074) | |||
(6,101) 8,448 352,061 $ 149,278 163,407 26,714 (5,495) 18,098 65,377 (3,070) (203) (6,604) (241) (20,715) | |||
(6,750) (64,685) | |||
(17,378) 15,505 313,238 (364,682) | |||
Additions to property, plant and equipment................................................................................. | Additions to property, plant and equipment................................................................................. | ||
(320,248) | (320,248) | ||
Purchase of securities | Purchase of securities | ||
-trust......................................................................................................... | -trust......................................................................................................... | ||
(46,581) | (46,581) (17,712) Sale of securities-trust................................................................................................................ | ||
(17,712) | 45,154 13,78S (13,875) Investment in corporate-owned life insurance............................................................................. | ||
Sale of securities-trust................................................................................................................ | |||
45,154 13,78S (13,875) | |||
Investment in corporate-owned life insurance............................................................................. | |||
(14,648) 1,044 Proceeds from investment in corporate-owned life insurance..................................................... | (14,648) 1,044 Proceeds from investment in corporate-owned life insurance..................................................... | ||
92,279 13,976 Advance to parent......................................................................................................................... | 92,279 13,976 Advance to parent......................................................................................................................... | ||
| Line 95: | Line 66: | ||
49,957 Proceeds from long-term debt of variable interest entity............................................................. | 49,957 Proceeds from long-term debt of variable interest entity............................................................. | ||
162,048 Retirements oflong-terrn debt...................................................................................................... | 162,048 Retirements oflong-terrn debt...................................................................................................... | ||
(50,000) | (50,000) Retirements oflong-terrn debt of variable interest entity............................................................. | ||
Retirements oflong-terrn debt of variable interest entity............................................................. | (26,838) (I 87,29 I) Borrowings against cash surrender value of corporate-owned life insurance.............................. | ||
(26,838) | |||
(I 87,29 I) Borrowings against cash surrender value of corporate-owned life insurance.............................. | |||
55,094 57,850 Repayment of borrowings against cash surrender value of corporate-owned life insurance....... | 55,094 57,850 Repayment of borrowings against cash surrender value of corporate-owned life insurance....... | ||
(1,008) (89,284) | (1,008) (89,284) Dividends to parent ...................................................................................................................... | ||
Dividends to parent ...................................................................................................................... | |||
___ _..:..(l_O,;...O_OO...:.) | ___ _..:..(l_O,;...O_OO...:.) | ||
___ _..:..(I_S,;...O_OO...:.) | ___ _..:..(I_S,;...O_OO...:.) | ||
| Line 117: | Line 85: | ||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
CASH PAID FOR: Interest on financing activities, net of amount capitalized.................................................. | CASH PAID FOR: Interest on financing activities, net of amount capitalized.................................................. | ||
$ Interest on financing activities of variable interest entity .................................................. | $ Interest on financing activities of variable interest entity .................................................. . NON-CASH INVESTING TRANSACTIONS: | ||
. NON-CASH INVESTING TRANSACTIONS: | Property, plant and equipment additions | ||
........................................................................... | ........................................................................... | ||
.. 51,054 $ 2,959 66,270 51,514 5,587 69,328 Enclosure II to ET 18-0011 Kansas City Power & Light Company Consolidated Statements of Cash Flows (2 pages) | .. 51,054 $ 2,959 66,270 51,514 5,587 69,328 Enclosure II to ET 18-0011 Kansas City Power & Light Company Consolidated Statements of Cash Flows (2 pages) | ||
| Line 125: | Line 92: | ||
==Dear Todd:== | ==Dear Todd:== | ||
Pursuant to the requirements of 10 CFR 140.21(e), | Pursuant to the requirements of 10 CFR 140.21(e), Kansas City Power & Light Company is providing the attached audited Consolidated Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. The undersigned certifies that the foregoing memorandum with respect to Kansas City Power & Light Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely, Steven P. Busser Vice President-Risk Management and Controller attachment KCP&L P.O. Box 418679 Ka11sas City. MO 64141-%79 1-888-471-5275 to!l-free www.kcpl.com KANSAS CITY POWER & LIGHT COMPANY Consolidated Statements of Cash Flows Year Ended December 31 Cash Flows from Operating Activities Net income Adjustments to reconcile income to net cash from operating activities: | ||
Kansas City Power & Light Company is providing the attached audited Consolidated Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. | Depreciation and amortization Amortization of: Nuclear fuel Other Deferred income taxes, net Investment tax credit amortization Other operating activities Net cash from operating activities Cash Flows from Investing Activities Utility capital expenditures Allowance for borrowed funds used during construction Purchases of nuclear decommissioning trust investments Proceeds from nuclear decommissioning trust investments Other investing activities Net cash from investing activities Cash Flows from Financing Activities Issuance of long-term debt Issuance fees Repayment of Jong-term debt Net change in short-term borrowings Net change in collateralized sh01t-term borrowings Dividends paid to Great Plains Energy Net cash from financing activities . Net Change in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year 2017 (millions) | ||
The undersigned certifies that the foregoing memorandum with respect to Kansas City Power & Light Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely, Steven P. Busser Vice President-Risk Management and Controller attachment KCP&L P.O. Box 418679 Ka11sas City. MO 64141-%79 1-888-471-5275 to!l-free www.kcpl.com KANSAS CITY POWER & LIGHT COMPANY Consolidated Statements of Cash Flows Year Ended December 31 Cash Flows from Operating Activities Net income Adjustments to reconcile income to net cash from operating activities: | |||
Depreciation and amortization Amortization of: Nuclear fuel Other Deferred income taxes, net Investment tax credit amortization Other operating activities Net cash from operating activities Cash Flows from Investing Activities Utility capital expenditures Allowance for borrowed funds used during construction Purchases of nuclear decommissioning trust investments Proceeds from nuclear decommissioning trust investments Other investing activities Net cash from investing activities Cash Flows from Financing Activities Issuance of long-term debt Issuance fees Repayment of Jong-term debt Net change in short-term borrowings Net change in collateralized sh01t-term borrowings Dividends paid to Great Plains Energy Net cash from financing activities | |||
. Net Change in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year 2017 (millions) | |||
$ 179.8 266.3 32.1 30.2 83.5 (1.0) 20.0 610.9 (437.7) (6.1) (33.6) 30.3 (23.9) (471.0) 299.2 (3.0) (281.0) 34.6 20.0 (212.0) (142.2) (2.3) 4.5 $ 2.2 Enclosure Ill to ET 18-0011 Kansas Electric Power Cooperative, Inc. Statement of Cash Flows (2 pages) | $ 179.8 266.3 32.1 30.2 83.5 (1.0) 20.0 610.9 (437.7) (6.1) (33.6) 30.3 (23.9) (471.0) 299.2 (3.0) (281.0) 34.6 20.0 (212.0) (142.2) (2.3) 4.5 $ 2.2 Enclosure Ill to ET 18-0011 Kansas Electric Power Cooperative, Inc. Statement of Cash Flows (2 pages) | ||
Kansas Electric Power Cooperative, Inca April 17, 2018 Mr. Todd N. Laflin Wolf Creek Nuclear Operating Corporation P.O. Box 411 . Burlington, KS 66839 | Kansas Electric Power Cooperative, Inca April 17, 2018 Mr. Todd N. Laflin Wolf Creek Nuclear Operating Corporation P.O. Box 411 . Burlington, KS 66839 | ||
==Dear Todd:== | ==Dear Todd:== | ||
P.O. Box 4877, Topeka, KS 66604-0877 600 Corporate View, Topeka, KS 66615 Phone (785) 273-7010 Fax (785) 271-4888 wwv,.kepco.org Pursuant to the requirements of 10 CFR 140.21(e), | P.O. Box 4877, Topeka, KS 66604-0877 600 Corporate View, Topeka, KS 66615 Phone (785) 273-7010 Fax (785) 271-4888 wwv,.kepco.org Pursuant to the requirements of 10 CFR 140.21(e), Kansas Electric Power Cooperative, Inc. is providing the attached audited Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $1.138 million. The undersigned certifies that the foregoing memorandum with respect to Kansas Electric Power Cooperative, lnc.'s. cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely yours, Coleen M. Wells Sr. VP and CFO Enclosure (1) | ||
Kansas Electric Power Cooperative, Inc. is providing the attached audited Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $1.138 million. | |||
The undersigned certifies that the foregoing memorandum with respect to Kansas Electric Power Cooperative, lnc.'s. cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely yours, Coleen M. Wells Sr. VP and CFO Enclosure (1) | |||
KANSAS ELECTRIC POWER COOPERATIVE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Cash Flows From Operating Activities Net margin $ Adjustments to reconcile net margin to net cash flows from operating activities Depreciation and amortization Decommissioning Amortization of nuclear fuel Amortization of deferred charges Amortization of deferred incremental outage costs Amortization of debt issuance costs Changes in Member accounts receivable Materials and supplies Other assets and prepaid expense Accounts payable Payroll and payroll-related liabilities Accrued property tax Accrued interest payable Accrued income taxes Other long-term liabilities Prepaid pension cost Deferred revenue Net cash flows from operating activities Cash Flows From Investing Activities Additions to electrical plant Additions to nuclear fuel (Additions)/reductions to deferred charges Additions to deferred incremental outage costs Investments in decommissioning fund assets Investments in associated organizations Proceeds from the sale of property Net cash flows from investing activities Cash Flows From Financing Activities Principal payments on long-term debt Proceeds from issuance of long-term debt Payments unapplied Net cash flows from financing activities Net (decrease)/increase in cash and cash equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year $ For the years ending December 31, 2017 2016 2,352,481 8,498,847 3,669,710 3,976,149 335,200 2,055,696 8,313 1,066,105 (717,853) | KANSAS ELECTRIC POWER COOPERATIVE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Cash Flows From Operating Activities Net margin $ Adjustments to reconcile net margin to net cash flows from operating activities Depreciation and amortization Decommissioning Amortization of nuclear fuel Amortization of deferred charges Amortization of deferred incremental outage costs Amortization of debt issuance costs Changes in Member accounts receivable Materials and supplies Other assets and prepaid expense Accounts payable Payroll and payroll-related liabilities Accrued property tax Accrued interest payable Accrued income taxes Other long-term liabilities Prepaid pension cost Deferred revenue Net cash flows from operating activities Cash Flows From Investing Activities Additions to electrical plant Additions to nuclear fuel (Additions)/reductions to deferred charges Additions to deferred incremental outage costs Investments in decommissioning fund assets Investments in associated organizations Proceeds from the sale of property Net cash flows from investing activities Cash Flows From Financing Activities Principal payments on long-term debt Proceeds from issuance of long-term debt Payments unapplied Net cash flows from financing activities Net (decrease)/increase in cash and cash equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year $ For the years ending December 31, 2017 2016 2,352,481 8,498,847 3,669,710 3,976,149 335,200 2,055,696 8,313 1,066,105 (717,853) | ||
(896,884) | (896,884) | ||
(381,601) 24,598 (59,394) | (381,601) 24,598 (59,394) (28,722) 280 666,846 131,427 (4,641,000) 16,060,198 (5,831,470) | ||
(28,722) 280 666,846 131,427 (4,641,000) 16,060,198 (5,831,470) | |||
(5,282,361) | (5,282,361) | ||
(329,094) | (329,094) | ||
| Line 160: | Line 121: | ||
==Subject:== | ==Subject:== | ||
Docket No. 50-482: Guarantee of Payment of Deferred Premiums To Whom It May Concern: Pursuant to the requirements of 10 CFR 140.21, each operating reactor licensee is required to maintain financial protection through guarantees of payment of deferred premiums. | |||
Docket No. 50-482: Guarantee of Payment of Deferred Premiums To Whom It May Concern: | The owners of Wolf Creek Generating Station 0.fVCGS) are providing the enclosed documentation of their ability to pay deferred premiums in the amount of eighteen million nine hundred sixty-three thousand dollars, as determined by 10 CFR 140.11 (a)(4). Kansas Gas and Electric Company (KGE), a wholly-owned subsidiary of Westar Energy, Inc., Kansas City Power & Light Company (KCPL), a wholly-owned subsidiary of Great Plains Energy Incorporated, and Kansas Electric Power Cooperative, Inc. (KEPCo), have each provided audited Consolidated Statements of Cash Flows in order to demonstrate sufficient funds are available to meet their share of the deferred premiums. | ||
Pursuant to the requirements of 10 CFR 140.21, each operating reactor licensee is required to maintain financial protection through guarantees of payment of deferred premiums. | |||
The owners of Wolf Creek Generating Station 0.fVCGS) are providing the enclosed documentation of their ability to pay deferred premiums in the amount of eighteen million nine hundred sixty-three thousand | |||
have each provided audited Consolidated Statements of Cash Flows in order to demonstrate sufficient funds are available to meet their share of the deferred premiums. | |||
This letter contains no commitments. | This letter contains no commitments. | ||
If you have any questions concerning this matter, please contact me at (620) 364-4156, or Cynthia R. Hafenstine at (620) 364-4204. | If you have any questions concerning this matter, please contact me at (620) 364-4156, or Cynthia R. Hafenstine at (620) 364-4204. | ||
| Line 176: | Line 133: | ||
==Dear Todd:== | ==Dear Todd:== | ||
Pursuant to the requirements of 10 CFR 140.21(e), | Pursuant to the requirements of 10 CFR 140.21(e), Kansas Gas and Electric Company, is providing the attached audited Consolidated Financial Statements as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. The undersigned certifies that the foregoing memorandum with respect to Kansas Gas and Electric Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely,_ ~e:_.e~ Kevin L. Kongs Vice President, Controller attachment 818 S Kansas Ave/ PO Box 889 / Topeka, KS 66601-0889 | ||
Kansas Gas and Electric | |||
The undersigned certifies that the foregoing memorandum with respect to Kansas Gas and Electric Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely,_ ~e:_.e~ Kevin L. Kongs Vice President, Controller attachment 818 S Kansas Ave/ PO Box 889 / Topeka, KS 66601-0889 | |||
/ (785) 575-6300 KANSAS GAS AND ELECTRIC COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in Thousands) | / (785) 575-6300 KANSAS GAS AND ELECTRIC COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in Thousands) | ||
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: | CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: | ||
Net income .................................................................................................................................. | Net income .................................................................................................................................. . $ Adjustments to reconcile net income to net cash provided by operating activities: | ||
. $ Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | Depreciation and amortization | ||
........................................................................................... | ........................................................................................... . Amortization of nuclear fuel .............................................................................................. . Amortization of deferred regulatory gain from sale leaseback | ||
. Amortization of nuclear fuel .............................................................................................. | .......................................... . Amortization of corporate-owned I ife insurance | ||
. Amortization of deferred regulatory gain from sale leaseback | ................................................................ . Net deferred income taxes and credits ............................................................................... . Allowance for equity funds used during construction | ||
.......................................... | |||
. Amortization of corporate-owned I ife insurance | |||
................................................................ | |||
. Net deferred income taxes and credits ............................................................................... | |||
. Allowance for equity funds used during construction | |||
....................................................... | ....................................................... | ||
.. Payments for asset retirement obligations | .. Payments for asset retirement obligations | ||
.......................................................................... | .......................................................................... . Changes in working capital items: Accounts receivable | ||
. Changes in working capital items: Accounts receivable | ........................................................................................................... . Fuel inventory and supplies ................................................................................................ . Prepaid expenses and other ................................................................................................ . Accounts payable ............................................................................................................... . Other current liabilities | ||
........................................................................................................... | ....................................................................................................... . Changes in other assets ................................................................................................................ . Changes in other liabilities | ||
. Fuel inventory and supplies | .......................................................................................................... . Cash Flows from Operating Activities | ||
................................................................................................ | ................................................................................................. . CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: | ||
. Prepaid expenses and other ................................................................................................ | Year Ended December 31, 2017 2016 134,144 168,411 32,167 (5,495) 19,021 58,412 (935) (4,978) (770) (4,194) 11,560 (4,555) (53,074) (6,101) 8,448 352,061 $ 149,278 163,407 26,714 (5,495) 18,098 65,377 (3,070) (203) (6,604) (241) (20,715) (6,750) (64,685) (17,378) 15,505 313,238 (364,682) | ||
. Accounts payable ............................................................................................................... | |||
. Other current liabilities | |||
....................................................................................................... | |||
. Changes in other assets ................................................................................................................ | |||
. Changes in other liabilities | |||
.......................................................................................................... | |||
. Cash Flows from Operating Activities | |||
................................................................................................. | |||
. CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: | |||
Year Ended December 31, 2017 2016 134,144 168,411 32,167 (5,495) 19,021 58,412 (935) (4,978) (770) (4,194) 11,560 (4,555) (53,074) | |||
(6,101) 8,448 352,061 $ 149,278 163,407 26,714 (5,495) 18,098 65,377 (3,070) (203) (6,604) (241) (20,715) | |||
(6,750) (64,685) | |||
(17,378) 15,505 313,238 (364,682) | |||
Additions to property, plant and equipment................................................................................. | Additions to property, plant and equipment................................................................................. | ||
(320,248) | (320,248) | ||
Purchase of securities | Purchase of securities | ||
-trust......................................................................................................... | -trust......................................................................................................... | ||
(46,581) | (46,581) (17,712) Sale of securities-trust................................................................................................................ | ||
(17,712) | 45,154 13,78S (13,875) Investment in corporate-owned life insurance............................................................................. | ||
Sale of securities-trust................................................................................................................ | |||
45,154 13,78S (13,875) | |||
Investment in corporate-owned life insurance............................................................................. | |||
(14,648) 1,044 Proceeds from investment in corporate-owned life insurance..................................................... | (14,648) 1,044 Proceeds from investment in corporate-owned life insurance..................................................... | ||
92,279 13,976 Advance to parent......................................................................................................................... | 92,279 13,976 Advance to parent......................................................................................................................... | ||
| Line 235: | Line 167: | ||
49,957 Proceeds from long-term debt of variable interest entity............................................................. | 49,957 Proceeds from long-term debt of variable interest entity............................................................. | ||
162,048 Retirements oflong-terrn debt...................................................................................................... | 162,048 Retirements oflong-terrn debt...................................................................................................... | ||
(50,000) | (50,000) Retirements oflong-terrn debt of variable interest entity............................................................. | ||
Retirements oflong-terrn debt of variable interest entity............................................................. | (26,838) (I 87,29 I) Borrowings against cash surrender value of corporate-owned life insurance.............................. | ||
(26,838) | |||
(I 87,29 I) Borrowings against cash surrender value of corporate-owned life insurance.............................. | |||
55,094 57,850 Repayment of borrowings against cash surrender value of corporate-owned life insurance....... | 55,094 57,850 Repayment of borrowings against cash surrender value of corporate-owned life insurance....... | ||
(1,008) (89,284) | (1,008) (89,284) Dividends to parent ...................................................................................................................... | ||
Dividends to parent ...................................................................................................................... | |||
___ _..:..(l_O,;...O_OO...:.) | ___ _..:..(l_O,;...O_OO...:.) | ||
___ _..:..(I_S,;...O_OO...:.) | ___ _..:..(I_S,;...O_OO...:.) | ||
| Line 257: | Line 186: | ||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
CASH PAID FOR: Interest on financing activities, net of amount capitalized.................................................. | CASH PAID FOR: Interest on financing activities, net of amount capitalized.................................................. | ||
$ Interest on financing activities of variable interest entity .................................................. | $ Interest on financing activities of variable interest entity .................................................. . NON-CASH INVESTING TRANSACTIONS: | ||
. NON-CASH INVESTING TRANSACTIONS: | Property, plant and equipment additions | ||
........................................................................... | ........................................................................... | ||
.. 51,054 $ 2,959 66,270 51,514 5,587 69,328 Enclosure II to ET 18-0011 Kansas City Power & Light Company Consolidated Statements of Cash Flows (2 pages) | .. 51,054 $ 2,959 66,270 51,514 5,587 69,328 Enclosure II to ET 18-0011 Kansas City Power & Light Company Consolidated Statements of Cash Flows (2 pages) | ||
| Line 265: | Line 193: | ||
==Dear Todd:== | ==Dear Todd:== | ||
Pursuant to the requirements of 10 CFR 140.21(e), | Pursuant to the requirements of 10 CFR 140.21(e), Kansas City Power & Light Company is providing the attached audited Consolidated Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. The undersigned certifies that the foregoing memorandum with respect to Kansas City Power & Light Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely, Steven P. Busser Vice President-Risk Management and Controller attachment KCP&L P.O. Box 418679 Ka11sas City. MO 64141-%79 1-888-471-5275 to!l-free www.kcpl.com KANSAS CITY POWER & LIGHT COMPANY Consolidated Statements of Cash Flows Year Ended December 31 Cash Flows from Operating Activities Net income Adjustments to reconcile income to net cash from operating activities: | ||
Kansas City Power & Light Company is providing the attached audited Consolidated Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. | Depreciation and amortization Amortization of: Nuclear fuel Other Deferred income taxes, net Investment tax credit amortization Other operating activities Net cash from operating activities Cash Flows from Investing Activities Utility capital expenditures Allowance for borrowed funds used during construction Purchases of nuclear decommissioning trust investments Proceeds from nuclear decommissioning trust investments Other investing activities Net cash from investing activities Cash Flows from Financing Activities Issuance of long-term debt Issuance fees Repayment of Jong-term debt Net change in short-term borrowings Net change in collateralized sh01t-term borrowings Dividends paid to Great Plains Energy Net cash from financing activities . Net Change in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year 2017 (millions) | ||
The undersigned certifies that the foregoing memorandum with respect to Kansas City Power & Light Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely, Steven P. Busser Vice President-Risk Management and Controller attachment KCP&L P.O. Box 418679 Ka11sas City. MO 64141-%79 1-888-471-5275 to!l-free www.kcpl.com KANSAS CITY POWER & LIGHT COMPANY Consolidated Statements of Cash Flows Year Ended December 31 Cash Flows from Operating Activities Net income Adjustments to reconcile income to net cash from operating activities: | |||
Depreciation and amortization Amortization of: Nuclear fuel Other Deferred income taxes, net Investment tax credit amortization Other operating activities Net cash from operating activities Cash Flows from Investing Activities Utility capital expenditures Allowance for borrowed funds used during construction Purchases of nuclear decommissioning trust investments Proceeds from nuclear decommissioning trust investments Other investing activities Net cash from investing activities Cash Flows from Financing Activities Issuance of long-term debt Issuance fees Repayment of Jong-term debt Net change in short-term borrowings Net change in collateralized sh01t-term borrowings Dividends paid to Great Plains Energy Net cash from financing activities | |||
. Net Change in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year 2017 (millions) | |||
$ 179.8 266.3 32.1 30.2 83.5 (1.0) 20.0 610.9 (437.7) (6.1) (33.6) 30.3 (23.9) (471.0) 299.2 (3.0) (281.0) 34.6 20.0 (212.0) (142.2) (2.3) 4.5 $ 2.2 Enclosure Ill to ET 18-0011 Kansas Electric Power Cooperative, Inc. Statement of Cash Flows (2 pages) | $ 179.8 266.3 32.1 30.2 83.5 (1.0) 20.0 610.9 (437.7) (6.1) (33.6) 30.3 (23.9) (471.0) 299.2 (3.0) (281.0) 34.6 20.0 (212.0) (142.2) (2.3) 4.5 $ 2.2 Enclosure Ill to ET 18-0011 Kansas Electric Power Cooperative, Inc. Statement of Cash Flows (2 pages) | ||
Kansas Electric Power Cooperative, Inca April 17, 2018 Mr. Todd N. Laflin Wolf Creek Nuclear Operating Corporation P.O. Box 411 . Burlington, KS 66839 | Kansas Electric Power Cooperative, Inca April 17, 2018 Mr. Todd N. Laflin Wolf Creek Nuclear Operating Corporation P.O. Box 411 . Burlington, KS 66839 | ||
==Dear Todd:== | ==Dear Todd:== | ||
P.O. Box 4877, Topeka, KS 66604-0877 600 Corporate View, Topeka, KS 66615 Phone (785) 273-7010 Fax (785) 271-4888 wwv,.kepco.org Pursuant to the requirements of 10 CFR 140.21(e), | P.O. Box 4877, Topeka, KS 66604-0877 600 Corporate View, Topeka, KS 66615 Phone (785) 273-7010 Fax (785) 271-4888 wwv,.kepco.org Pursuant to the requirements of 10 CFR 140.21(e), Kansas Electric Power Cooperative, Inc. is providing the attached audited Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $1.138 million. The undersigned certifies that the foregoing memorandum with respect to Kansas Electric Power Cooperative, lnc.'s. cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely yours, Coleen M. Wells Sr. VP and CFO Enclosure (1) | ||
Kansas Electric Power Cooperative, Inc. is providing the attached audited Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $1.138 million. | |||
The undersigned certifies that the foregoing memorandum with respect to Kansas Electric Power Cooperative, lnc.'s. cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely yours, Coleen M. Wells Sr. VP and CFO Enclosure (1) | |||
KANSAS ELECTRIC POWER COOPERATIVE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Cash Flows From Operating Activities Net margin $ Adjustments to reconcile net margin to net cash flows from operating activities Depreciation and amortization Decommissioning Amortization of nuclear fuel Amortization of deferred charges Amortization of deferred incremental outage costs Amortization of debt issuance costs Changes in Member accounts receivable Materials and supplies Other assets and prepaid expense Accounts payable Payroll and payroll-related liabilities Accrued property tax Accrued interest payable Accrued income taxes Other long-term liabilities Prepaid pension cost Deferred revenue Net cash flows from operating activities Cash Flows From Investing Activities Additions to electrical plant Additions to nuclear fuel (Additions)/reductions to deferred charges Additions to deferred incremental outage costs Investments in decommissioning fund assets Investments in associated organizations Proceeds from the sale of property Net cash flows from investing activities Cash Flows From Financing Activities Principal payments on long-term debt Proceeds from issuance of long-term debt Payments unapplied Net cash flows from financing activities Net (decrease)/increase in cash and cash equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year $ For the years ending December 31, 2017 2016 2,352,481 8,498,847 3,669,710 3,976,149 335,200 2,055,696 8,313 1,066,105 (717,853) | KANSAS ELECTRIC POWER COOPERATIVE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Cash Flows From Operating Activities Net margin $ Adjustments to reconcile net margin to net cash flows from operating activities Depreciation and amortization Decommissioning Amortization of nuclear fuel Amortization of deferred charges Amortization of deferred incremental outage costs Amortization of debt issuance costs Changes in Member accounts receivable Materials and supplies Other assets and prepaid expense Accounts payable Payroll and payroll-related liabilities Accrued property tax Accrued interest payable Accrued income taxes Other long-term liabilities Prepaid pension cost Deferred revenue Net cash flows from operating activities Cash Flows From Investing Activities Additions to electrical plant Additions to nuclear fuel (Additions)/reductions to deferred charges Additions to deferred incremental outage costs Investments in decommissioning fund assets Investments in associated organizations Proceeds from the sale of property Net cash flows from investing activities Cash Flows From Financing Activities Principal payments on long-term debt Proceeds from issuance of long-term debt Payments unapplied Net cash flows from financing activities Net (decrease)/increase in cash and cash equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year $ For the years ending December 31, 2017 2016 2,352,481 8,498,847 3,669,710 3,976,149 335,200 2,055,696 8,313 1,066,105 (717,853) | ||
(896,884) | (896,884) | ||
(381,601) 24,598 (59,394) | (381,601) 24,598 (59,394) (28,722) 280 666,846 131,427 (4,641,000) 16,060,198 (5,831,470) | ||
(28,722) 280 666,846 131,427 (4,641,000) 16,060,198 (5,831,470) | |||
(5,282,361) | (5,282,361) | ||
(329,094) | (329,094) | ||
Revision as of 23:27, 5 July 2018
| ML18127A074 | |
| Person / Time | |
|---|---|
| Site: | Wolf Creek  |
| Issue date: | 04/30/2018 |
| From: | McCoy J H Wolf Creek |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| ET 18-0011 | |
| Download: ML18127A074 (10) | |
Text
W~LFCREEK
- r NUCLEAR OPERATING CORPORATION Jaime H. McCoy Vice President Engineering U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555 April 30, 2018 ET 18-0011
Subject:
Docket No. 50-482: Guarantee of Payment of Deferred Premiums To Whom It May Concern: Pursuant to the requirements of 10 CFR 140.21, each operating reactor licensee is required to maintain financial protection through guarantees of payment of deferred premiums.
The owners of Wolf Creek Generating Station 0.fVCGS) are providing the enclosed documentation of their ability to pay deferred premiums in the amount of eighteen million nine hundred sixty-three thousand dollars, as determined by 10 CFR 140.11 (a)(4). Kansas Gas and Electric Company (KGE), a wholly-owned subsidiary of Westar Energy, Inc., Kansas City Power & Light Company (KCPL), a wholly-owned subsidiary of Great Plains Energy Incorporated, and Kansas Electric Power Cooperative, Inc. (KEPCo), have each provided audited Consolidated Statements of Cash Flows in order to demonstrate sufficient funds are available to meet their share of the deferred premiums.
This letter contains no commitments.
If you have any questions concerning this matter, please contact me at (620) 364-4156, or Cynthia R. Hafenstine at (620) 364-4204.
Sincerely, 9~i-J~ Jaime H. McCoy JHM/rlt
Enclosures:
I Kansas Gas and Electric Company Consolidated Statements of Cash Flows II Kansas City Power & Light Company Consolidated Statements of Cash Flows Ill Kansas Electric Power Cooperative, Inc. Statement of Cash Flows cc: K. M. Kennedy (NRC), w/e B. K. Singal (NRC), w/e N. H. Taylor (NRC), w/e Senior Resident Inspector (NRC), w/e P.O. Box 411 / Burlington, KS 66839 / Phone: (620) 364-8831 An Equal Opportunity Employer M/F/HCNET Enclosure I to ET 18-0011 Kansas Gas and Electric Company Consolidated Statements of Cash Flows (2 pages)
April 18, 2018 Wolf Creek Nuclear Operating Corporation PO Box 411 Burlington, KS 66839
Dear Todd:
Pursuant to the requirements of 10 CFR 140.21(e), Kansas Gas and Electric Company, is providing the attached audited Consolidated Financial Statements as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. The undersigned certifies that the foregoing memorandum with respect to Kansas Gas and Electric Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely,_ ~e:_.e~ Kevin L. Kongs Vice President, Controller attachment 818 S Kansas Ave/ PO Box 889 / Topeka, KS 66601-0889
/ (785) 575-6300 KANSAS GAS AND ELECTRIC COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in Thousands)
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:
Net income .................................................................................................................................. . $ Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
........................................................................................... . Amortization of nuclear fuel .............................................................................................. . Amortization of deferred regulatory gain from sale leaseback
.......................................... . Amortization of corporate-owned I ife insurance
................................................................ . Net deferred income taxes and credits ............................................................................... . Allowance for equity funds used during construction
.......................................................
.. Payments for asset retirement obligations
.......................................................................... . Changes in working capital items: Accounts receivable
........................................................................................................... . Fuel inventory and supplies ................................................................................................ . Prepaid expenses and other ................................................................................................ . Accounts payable ............................................................................................................... . Other current liabilities
....................................................................................................... . Changes in other assets ................................................................................................................ . Changes in other liabilities
.......................................................................................................... . Cash Flows from Operating Activities
................................................................................................. . CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Year Ended December 31, 2017 2016 134,144 168,411 32,167 (5,495) 19,021 58,412 (935) (4,978) (770) (4,194) 11,560 (4,555) (53,074) (6,101) 8,448 352,061 $ 149,278 163,407 26,714 (5,495) 18,098 65,377 (3,070) (203) (6,604) (241) (20,715) (6,750) (64,685) (17,378) 15,505 313,238 (364,682)
Additions to property, plant and equipment.................................................................................
(320,248)
Purchase of securities
-trust.........................................................................................................
(46,581) (17,712) Sale of securities-trust................................................................................................................
45,154 13,78S (13,875) Investment in corporate-owned life insurance.............................................................................
(14,648) 1,044 Proceeds from investment in corporate-owned life insurance.....................................................
92,279 13,976 Advance to parent.........................................................................................................................
6,120 (1,848) Other investing activities..............................................................................................................
(3,594) (369,309)
Cash Flows used in Investing Activities
.....................................................................
---....:....--'-...:.
____ (:...2_4..:.J,_5_18...:.)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from long-term debt......................................................................................................
49,957 Proceeds from long-term debt of variable interest entity.............................................................
162,048 Retirements oflong-terrn debt......................................................................................................
(50,000) Retirements oflong-terrn debt of variable interest entity.............................................................
(26,838) (I 87,29 I) Borrowings against cash surrender value of corporate-owned life insurance..............................
55,094 57,850 Repayment of borrowings against cash surrender value of corporate-owned life insurance.......
(1,008) (89,284) Dividends to parent ......................................................................................................................
___ _..:..(l_O,;...O_OO...:.)
___ _..:..(I_S,;...O_OO...:.)
Cash Flows used in Financing Activities
..............................................................................................
_____ 1_7,_2_48
______ (:....7_1,c...7_20-'-)
NET CHANGE IN CASH AND CASH EQUIVALENTS
.................................................................
.. CASH AND CASH EQUIVALENTS:
Beginning of period ......................................................................................................................
End of period ................................................................................................................................
$=======
$=======
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
CASH PAID FOR: Interest on financing activities, net of amount capitalized..................................................
$ Interest on financing activities of variable interest entity .................................................. . NON-CASH INVESTING TRANSACTIONS:
Property, plant and equipment additions
...........................................................................
.. 51,054 $ 2,959 66,270 51,514 5,587 69,328 Enclosure II to ET 18-0011 Kansas City Power & Light Company Consolidated Statements of Cash Flows (2 pages)
April 24, 2018 Wolf Creek Nuclear Operating Corporation PO Box411 Burlington, KS 66839
Dear Todd:
Pursuant to the requirements of 10 CFR 140.21(e), Kansas City Power & Light Company is providing the attached audited Consolidated Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. The undersigned certifies that the foregoing memorandum with respect to Kansas City Power & Light Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely, Steven P. Busser Vice President-Risk Management and Controller attachment KCP&L P.O. Box 418679 Ka11sas City. MO 64141-%79 1-888-471-5275 to!l-free www.kcpl.com KANSAS CITY POWER & LIGHT COMPANY Consolidated Statements of Cash Flows Year Ended December 31 Cash Flows from Operating Activities Net income Adjustments to reconcile income to net cash from operating activities:
Depreciation and amortization Amortization of: Nuclear fuel Other Deferred income taxes, net Investment tax credit amortization Other operating activities Net cash from operating activities Cash Flows from Investing Activities Utility capital expenditures Allowance for borrowed funds used during construction Purchases of nuclear decommissioning trust investments Proceeds from nuclear decommissioning trust investments Other investing activities Net cash from investing activities Cash Flows from Financing Activities Issuance of long-term debt Issuance fees Repayment of Jong-term debt Net change in short-term borrowings Net change in collateralized sh01t-term borrowings Dividends paid to Great Plains Energy Net cash from financing activities . Net Change in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year 2017 (millions)
$ 179.8 266.3 32.1 30.2 83.5 (1.0) 20.0 610.9 (437.7) (6.1) (33.6) 30.3 (23.9) (471.0) 299.2 (3.0) (281.0) 34.6 20.0 (212.0) (142.2) (2.3) 4.5 $ 2.2 Enclosure Ill to ET 18-0011 Kansas Electric Power Cooperative, Inc. Statement of Cash Flows (2 pages)
Kansas Electric Power Cooperative, Inca April 17, 2018 Mr. Todd N. Laflin Wolf Creek Nuclear Operating Corporation P.O. Box 411 . Burlington, KS 66839
Dear Todd:
P.O. Box 4877, Topeka, KS 66604-0877 600 Corporate View, Topeka, KS 66615 Phone (785) 273-7010 Fax (785) 271-4888 wwv,.kepco.org Pursuant to the requirements of 10 CFR 140.21(e), Kansas Electric Power Cooperative, Inc. is providing the attached audited Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $1.138 million. The undersigned certifies that the foregoing memorandum with respect to Kansas Electric Power Cooperative, lnc.'s. cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely yours, Coleen M. Wells Sr. VP and CFO Enclosure (1)
KANSAS ELECTRIC POWER COOPERATIVE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Cash Flows From Operating Activities Net margin $ Adjustments to reconcile net margin to net cash flows from operating activities Depreciation and amortization Decommissioning Amortization of nuclear fuel Amortization of deferred charges Amortization of deferred incremental outage costs Amortization of debt issuance costs Changes in Member accounts receivable Materials and supplies Other assets and prepaid expense Accounts payable Payroll and payroll-related liabilities Accrued property tax Accrued interest payable Accrued income taxes Other long-term liabilities Prepaid pension cost Deferred revenue Net cash flows from operating activities Cash Flows From Investing Activities Additions to electrical plant Additions to nuclear fuel (Additions)/reductions to deferred charges Additions to deferred incremental outage costs Investments in decommissioning fund assets Investments in associated organizations Proceeds from the sale of property Net cash flows from investing activities Cash Flows From Financing Activities Principal payments on long-term debt Proceeds from issuance of long-term debt Payments unapplied Net cash flows from financing activities Net (decrease)/increase in cash and cash equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year $ For the years ending December 31, 2017 2016 2,352,481 8,498,847 3,669,710 3,976,149 335,200 2,055,696 8,313 1,066,105 (717,853)
(896,884)
(381,601) 24,598 (59,394) (28,722) 280 666,846 131,427 (4,641,000) 16,060,198 (5,831,470)
(5,282,361)
(329,094)
(351,440)
(3,839,697)
(229,364) 3,410 (15,860,016)
(6,558,200) 5,401,047 (748,201)
(1,905,354)
(1,705,172) 13,097,952 11,392,780
$ 1,932,895 8,173,568 1,496,722 3,294,777 3,898,956 2,373,725 15,391 (1,590,640) 57,909 (3,509,895) 1,340,474 (8,141) (154,440)
(46,105) 525 723,753 131,427 2,600,736 20,731,637 (10,825,350)
(2,506,622) 340,606 (2,827,500)
(1,666,711)
(468,165) 23,079 (17,930,663)
(11,457,281) 21,229,828 (5,782,990) 3,989,557 6,790,531 6,307,421
$13,097,952 Supplemental Disclosure of Cash Flow Information Interest paid $ 8,663,000
$ 8,743,500 W~LFCREEK
- r NUCLEAR OPERATING CORPORATION Jaime H. McCoy Vice President Engineering U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555 April 30, 2018 ET 18-0011
Subject:
Docket No. 50-482: Guarantee of Payment of Deferred Premiums To Whom It May Concern: Pursuant to the requirements of 10 CFR 140.21, each operating reactor licensee is required to maintain financial protection through guarantees of payment of deferred premiums.
The owners of Wolf Creek Generating Station 0.fVCGS) are providing the enclosed documentation of their ability to pay deferred premiums in the amount of eighteen million nine hundred sixty-three thousand dollars, as determined by 10 CFR 140.11 (a)(4). Kansas Gas and Electric Company (KGE), a wholly-owned subsidiary of Westar Energy, Inc., Kansas City Power & Light Company (KCPL), a wholly-owned subsidiary of Great Plains Energy Incorporated, and Kansas Electric Power Cooperative, Inc. (KEPCo), have each provided audited Consolidated Statements of Cash Flows in order to demonstrate sufficient funds are available to meet their share of the deferred premiums.
This letter contains no commitments.
If you have any questions concerning this matter, please contact me at (620) 364-4156, or Cynthia R. Hafenstine at (620) 364-4204.
Sincerely, 9~i-J~ Jaime H. McCoy JHM/rlt
Enclosures:
I Kansas Gas and Electric Company Consolidated Statements of Cash Flows II Kansas City Power & Light Company Consolidated Statements of Cash Flows Ill Kansas Electric Power Cooperative, Inc. Statement of Cash Flows cc: K. M. Kennedy (NRC), w/e B. K. Singal (NRC), w/e N. H. Taylor (NRC), w/e Senior Resident Inspector (NRC), w/e P.O. Box 411 / Burlington, KS 66839 / Phone: (620) 364-8831 An Equal Opportunity Employer M/F/HCNET Enclosure I to ET 18-0011 Kansas Gas and Electric Company Consolidated Statements of Cash Flows (2 pages)
April 18, 2018 Wolf Creek Nuclear Operating Corporation PO Box 411 Burlington, KS 66839
Dear Todd:
Pursuant to the requirements of 10 CFR 140.21(e), Kansas Gas and Electric Company, is providing the attached audited Consolidated Financial Statements as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. The undersigned certifies that the foregoing memorandum with respect to Kansas Gas and Electric Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely,_ ~e:_.e~ Kevin L. Kongs Vice President, Controller attachment 818 S Kansas Ave/ PO Box 889 / Topeka, KS 66601-0889
/ (785) 575-6300 KANSAS GAS AND ELECTRIC COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in Thousands)
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:
Net income .................................................................................................................................. . $ Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
........................................................................................... . Amortization of nuclear fuel .............................................................................................. . Amortization of deferred regulatory gain from sale leaseback
.......................................... . Amortization of corporate-owned I ife insurance
................................................................ . Net deferred income taxes and credits ............................................................................... . Allowance for equity funds used during construction
.......................................................
.. Payments for asset retirement obligations
.......................................................................... . Changes in working capital items: Accounts receivable
........................................................................................................... . Fuel inventory and supplies ................................................................................................ . Prepaid expenses and other ................................................................................................ . Accounts payable ............................................................................................................... . Other current liabilities
....................................................................................................... . Changes in other assets ................................................................................................................ . Changes in other liabilities
.......................................................................................................... . Cash Flows from Operating Activities
................................................................................................. . CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Year Ended December 31, 2017 2016 134,144 168,411 32,167 (5,495) 19,021 58,412 (935) (4,978) (770) (4,194) 11,560 (4,555) (53,074) (6,101) 8,448 352,061 $ 149,278 163,407 26,714 (5,495) 18,098 65,377 (3,070) (203) (6,604) (241) (20,715) (6,750) (64,685) (17,378) 15,505 313,238 (364,682)
Additions to property, plant and equipment.................................................................................
(320,248)
Purchase of securities
-trust.........................................................................................................
(46,581) (17,712) Sale of securities-trust................................................................................................................
45,154 13,78S (13,875) Investment in corporate-owned life insurance.............................................................................
(14,648) 1,044 Proceeds from investment in corporate-owned life insurance.....................................................
92,279 13,976 Advance to parent.........................................................................................................................
6,120 (1,848) Other investing activities..............................................................................................................
(3,594) (369,309)
Cash Flows used in Investing Activities
.....................................................................
---....:....--'-...:.
____ (:...2_4..:.J,_5_18...:.)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from long-term debt......................................................................................................
49,957 Proceeds from long-term debt of variable interest entity.............................................................
162,048 Retirements oflong-terrn debt......................................................................................................
(50,000) Retirements oflong-terrn debt of variable interest entity.............................................................
(26,838) (I 87,29 I) Borrowings against cash surrender value of corporate-owned life insurance..............................
55,094 57,850 Repayment of borrowings against cash surrender value of corporate-owned life insurance.......
(1,008) (89,284) Dividends to parent ......................................................................................................................
___ _..:..(l_O,;...O_OO...:.)
___ _..:..(I_S,;...O_OO...:.)
Cash Flows used in Financing Activities
..............................................................................................
_____ 1_7,_2_48
______ (:....7_1,c...7_20-'-)
NET CHANGE IN CASH AND CASH EQUIVALENTS
.................................................................
.. CASH AND CASH EQUIVALENTS:
Beginning of period ......................................................................................................................
End of period ................................................................................................................................
$=======
$=======
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
CASH PAID FOR: Interest on financing activities, net of amount capitalized..................................................
$ Interest on financing activities of variable interest entity .................................................. . NON-CASH INVESTING TRANSACTIONS:
Property, plant and equipment additions
...........................................................................
.. 51,054 $ 2,959 66,270 51,514 5,587 69,328 Enclosure II to ET 18-0011 Kansas City Power & Light Company Consolidated Statements of Cash Flows (2 pages)
April 24, 2018 Wolf Creek Nuclear Operating Corporation PO Box411 Burlington, KS 66839
Dear Todd:
Pursuant to the requirements of 10 CFR 140.21(e), Kansas City Power & Light Company is providing the attached audited Consolidated Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $8.913 million. The undersigned certifies that the foregoing memorandum with respect to Kansas City Power & Light Company's cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely, Steven P. Busser Vice President-Risk Management and Controller attachment KCP&L P.O. Box 418679 Ka11sas City. MO 64141-%79 1-888-471-5275 to!l-free www.kcpl.com KANSAS CITY POWER & LIGHT COMPANY Consolidated Statements of Cash Flows Year Ended December 31 Cash Flows from Operating Activities Net income Adjustments to reconcile income to net cash from operating activities:
Depreciation and amortization Amortization of: Nuclear fuel Other Deferred income taxes, net Investment tax credit amortization Other operating activities Net cash from operating activities Cash Flows from Investing Activities Utility capital expenditures Allowance for borrowed funds used during construction Purchases of nuclear decommissioning trust investments Proceeds from nuclear decommissioning trust investments Other investing activities Net cash from investing activities Cash Flows from Financing Activities Issuance of long-term debt Issuance fees Repayment of Jong-term debt Net change in short-term borrowings Net change in collateralized sh01t-term borrowings Dividends paid to Great Plains Energy Net cash from financing activities . Net Change in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year 2017 (millions)
$ 179.8 266.3 32.1 30.2 83.5 (1.0) 20.0 610.9 (437.7) (6.1) (33.6) 30.3 (23.9) (471.0) 299.2 (3.0) (281.0) 34.6 20.0 (212.0) (142.2) (2.3) 4.5 $ 2.2 Enclosure Ill to ET 18-0011 Kansas Electric Power Cooperative, Inc. Statement of Cash Flows (2 pages)
Kansas Electric Power Cooperative, Inca April 17, 2018 Mr. Todd N. Laflin Wolf Creek Nuclear Operating Corporation P.O. Box 411 . Burlington, KS 66839
Dear Todd:
P.O. Box 4877, Topeka, KS 66604-0877 600 Corporate View, Topeka, KS 66615 Phone (785) 273-7010 Fax (785) 271-4888 wwv,.kepco.org Pursuant to the requirements of 10 CFR 140.21(e), Kansas Electric Power Cooperative, Inc. is providing the attached audited Statements of Cash Flows as evidence of the ability to make payment of its share of deferred premiums in an amount of $1.138 million. The undersigned certifies that the foregoing memorandum with respect to Kansas Electric Power Cooperative, lnc.'s. cash flow for the year 2017 is true and correct to the best of their knowledge and belief. Sincerely yours, Coleen M. Wells Sr. VP and CFO Enclosure (1)
KANSAS ELECTRIC POWER COOPERATIVE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Cash Flows From Operating Activities Net margin $ Adjustments to reconcile net margin to net cash flows from operating activities Depreciation and amortization Decommissioning Amortization of nuclear fuel Amortization of deferred charges Amortization of deferred incremental outage costs Amortization of debt issuance costs Changes in Member accounts receivable Materials and supplies Other assets and prepaid expense Accounts payable Payroll and payroll-related liabilities Accrued property tax Accrued interest payable Accrued income taxes Other long-term liabilities Prepaid pension cost Deferred revenue Net cash flows from operating activities Cash Flows From Investing Activities Additions to electrical plant Additions to nuclear fuel (Additions)/reductions to deferred charges Additions to deferred incremental outage costs Investments in decommissioning fund assets Investments in associated organizations Proceeds from the sale of property Net cash flows from investing activities Cash Flows From Financing Activities Principal payments on long-term debt Proceeds from issuance of long-term debt Payments unapplied Net cash flows from financing activities Net (decrease)/increase in cash and cash equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year $ For the years ending December 31, 2017 2016 2,352,481 8,498,847 3,669,710 3,976,149 335,200 2,055,696 8,313 1,066,105 (717,853)
(896,884)
(381,601) 24,598 (59,394) (28,722) 280 666,846 131,427 (4,641,000) 16,060,198 (5,831,470)
(5,282,361)
(329,094)
(351,440)
(3,839,697)
(229,364) 3,410 (15,860,016)
(6,558,200) 5,401,047 (748,201)
(1,905,354)
(1,705,172) 13,097,952 11,392,780
$ 1,932,895 8,173,568 1,496,722 3,294,777 3,898,956 2,373,725 15,391 (1,590,640) 57,909 (3,509,895) 1,340,474 (8,141) (154,440)
(46,105) 525 723,753 131,427 2,600,736 20,731,637 (10,825,350)
(2,506,622) 340,606 (2,827,500)
(1,666,711)
(468,165) 23,079 (17,930,663)
(11,457,281) 21,229,828 (5,782,990) 3,989,557 6,790,531 6,307,421
$13,097,952 Supplemental Disclosure of Cash Flow Information Interest paid $ 8,663,000
$ 8,743,500