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 CONSUMERS ENERGY CO. (FORMERLY CONSUMERS POWER CO.)
To:	Saltzman J Office of Nuclear Reactor Regulation
References
NUDOCS 8001160411
Download: ML18044A424 (3)

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....... . . -- '.A consumers Power company W.R. Boris Executive Vice President 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 In accordance with Section 140.2~ of the Commission's Regulations and Regulatory Guide 9.4, there is transmitted herewith as evidence of guarantee of payment of deferred pr~miums in connection with the above-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 l~F2 1980 Net income a~er taxes $ 207,715 $ 217 ,297 Less dividends 1572881 1812465 Retained earnings ~ 422834 $ 352832 Adjustments:

Depreciation and amortization $ 115,547 $ 126,747 Deferred income taxes and investment tax credits 24,692 34,o86 Allowance for funds used during construction {111 2663) (1332033)

Total adjustments ~ 282576 $ 272800

Internal cash flow ~ 78 2410 ~ - 632632 Average quarterly cash flow ~ 122603 $ 152208 Percentage Ownership in Operating Nuclear Units Palisades Nuclea+ Plant 100'%

Maximum Total Contingent Liability:

$10,000 2000 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

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Average quarterly cash flow $ 19,603 $ 15,908 Percentage Ownership in Operating Nuclear Units Palisades Nuclear Plant 100%.

Maximum Tota 1 Contingent Liability:

$10,000,000 CONSUMERS POWER COMPANY