ML18044A424

Forwards Statement of Internal Cash Flow for 12 Months Ending 791130 & Projected for 12 Months Ending 800130, as Evidence of Payment Guaranteed for Deferred Premiums

ML18044A424
Person / Time
Site:	Palisades
Issue date:	01/11/1980
From:	BORIS W R CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.)
To:	SALTZMAN J Office of Nuclear Reactor Regulation
References
NUDOCS 8001160411
Download: ML18044A424 (3)

Text

.. \ ... "-.': .... ....... . . --'.A consumers Power company

• General Offices: 212 West Michigan Avenue, Jackson, Michigan 49201 * *1517) 788-1111 January 11, 1980 Mr. Jerome Saltzman, Chief Antitrust and Indemnity Group Nuclear Reactor Regulation United States Nuclear Regulatory Commission Washington, DC 20555

Dear Mr. Saltzman:

PALISADES NUCLEAR PLANT DOCKET NO. 50-255

• W.R. Boris Executive Vice President In accordance with Section of the Commission's Regulations and Regulatory Guide 9.4, there is transmitted herewith as evidence of guarantee of payment of deferred in connection with the named nuclear power plant two copies of a statement of internal cash flow for the twelve months ended November 30, 1979 and projected for the twelve months ended November 30, 1980. Yours very \ .

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* --CONSUMERS POWER COMPANY Actual 12 Months Ended November 1979 and Projected Internal Cash Flow 12 Months Ended November 1980 (Thousands of Dollars) Palisades Nuclear Plant Net income taxes Less dividends Retained earnings Adjustments:

Depreciation and amortization Deferred income taxes and investment tax credits Allowance for funds used during construction Total adjustments Internal cash flow Average quarterly cash flow

$ 207,715 1572881 422834 $ 115,547 24,692 {111 2 663) 282576 78 2 410 122603 1980 $ 217 ,297 1812465 $ 352832 $ 126,747 34,o86 (1332033)

$ 272800 -632632 $ 152208 Percentage Ownership in Operating Nuclear Units Palisades Nuclea+ Plant 100'% Maximum Total Contingent Liability:

$10,000 2 000 CONSUMERS POWER COMPANY January 10, 1980

" .

• CONSUMERS POWER COMPANY -Actual 12 -Months Ended November 1979 and Projected Internal Cash Flow 12 Months Ended November 1980 (Thousands of Dollars) Palisades Nuclear Plant 1972 1980 Net income after taxes $ 207,715 $ 217 ,297 *Less dividends 1572881 1812465 Retained earnings $ 492834 $ 352832 Adjustments:

Depreciation and amortization

$ 115,547 $ 126,747 Deferred income taxes and investment tax credits 24,692 34 ,086 Allowance for funds used during construction (1112663)

(1332033)

Total adjustments

$ 282576 $ 272800 Internal ca sh flow $ 782410 $ 632632 Average quarterly cash flow $ 19,603 $ 15,908 Percentage Ownership in Operating Nuclear Units Palisades Nuclear Plant :Maximum Tota 1 Contingent Liability:

$10,000,000 CONSUMERS POWER COMPANY 100%.