ML11154A127: Difference between revisions

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{{#Wiki_filter:SOUTHERN CALIFORNIA Richard 1. St. Onge E IO Director ENuclear Regulatory Affairs An EDISON INTERNATIONAL Company 10 CFR 140.21 June 1, 2011 ATTN: Document Control Desk U. S. Nuclear Regulatory Commission Washington, D.C. 20555-0001 San Onofre Nuclear Generating Station Units 2 and 3 Docket Nos. 50-361, 50-362 Palo Verde Nuclear Generating Station Units 1, 2, and 3 Docket Nos. 50-528, 50-529, and 50-530  
{{#Wiki_filter:SOUTHERN CALIFORNIA                                                 Richard 1. St. Onge E     IO ENuclear                                                            Director Regulatory Affairs An EDISON INTERNATIONAL Company 10 CFR 140.21 June 1, 2011 ATTN: Document Control Desk U. S. Nuclear Regulatory Commission Washington, D.C. 20555-0001 San Onofre Nuclear Generating Station Units 2 and 3 Docket Nos. 50-361, 50-362 Palo Verde Nuclear Generating Station Units 1, 2, and 3 Docket Nos. 50-528, 50-529, and 50-530


==Subject:==
==Subject:==
Annual Report of Guarantee of Payment of Deferred Premium  
Annual Report of Guarantee of Payment of Deferred Premium


==Dear Sir or Madam:==
==Dear Sir or Madam:==
10 CFR 140.21 requires Southern California Edison (SCE), as agent for the owners of the San Onofre Nuclear Generating Station Units 2 and 3 and SCE's 15.8% ownership share of Palo Verde Units 1, 2, and 3, to provide evidence that it maintains a guarantee of payment of deferred premium in an amount of $17.5 million for each reactor SCE is licensed to operate. In accordance with option (e) of 10 CFR 140.21 and with 10 CFR 50.71(b), SCE has provided its quarterly Form 1 0-Q report to the Securities and Exchange Commission in lieu of an annual certified financial statement.
 
SCE is providing the enclosed 2010 Internal Cash Flow statement which is from the consolidated financial statements included in SCE's 2010 annual report.There are no commitments contained in this letter or its enclosure.
10 CFR 140.21 requires Southern California Edison (SCE), as agent for the owners of the San Onofre Nuclear Generating Station Units 2 and 3 and SCE's 15.8% ownership share of Palo Verde Units 1, 2, and 3, to provide evidence that it maintains a guarantee of payment of deferred premium in an amount of $17.5 million for each reactor SCE is licensed to operate. In accordance with option (e) of 10 CFR 140.21 and with 10 CFR 50.71(b), SCE has provided its quarterly Form 10-Q report to the Securities and Exchange Commission in lieu of an annual certified financial statement.
Should you have any questions or require additional information, please contact Ms.Linda T. Conklin at 949-368-9443.
SCE is providing the enclosed 2010 Internal Cash Flow statement which is from the consolidated financial statements included in SCE's 2010 annual report.
Sincerely, P.O. Box 128 San Clemente, CA 92674 Document Control Desk-2-June 1, 2011 Enclosure cc: E. E. Collins, Regional Administrator, NRC Region IV R. Hall, NRC Project Manager, San Onofre Units 2 and 3 G. G. Warnick, NRC Senior Resident Inspector, San Onofre Units 2 and 3 SOUTHERN CALIFORNIA EDISON COMPANY 2010 Internal Cash Flow (Dollars in Millions)2010 Actual Net Income After Taxes $1,092 Dividends Paid ($352)Retained Earnings $740 Adjustments:
There are no commitments contained in this letter or its enclosure.
Depreciation  
Should you have any questions or require additional information, please contact Ms.
& Decommissioning  
Linda T. Conklin at 949-368-9443.
$1,273 Net Deferred Taxes & ITC $973 Allowance for Funds Used During Construction
Sincerely, P.O. Box 128 San Clemente, CA 92674
($141)Total Adjustments  
 
$2,105 Internal Cash Flow $2,845 Average Quarterly Cash Flow $711 Percentage Ownership in All Nuclear Units: San Onofre Nuclear Generating Station Units 2 & 3 o Southern California Edison Company 78.21%o San Diego Gas & Electric Company 20.00%o City of Riverside 1.79%Palo Verde Nuclear Generating Station Units 1, 2 & 3 15.80%Maximum Total Contingent Liability:
Document Control Desk                                 June 1, 2011 Enclosure cc:   E. E. Collins, Regional Administrator, NRC Region IV R. Hall, NRC Project Manager, San Onofre Units 2 and 3 G. G. Warnick, NRC Senior Resident Inspector, San Onofre Units 2 and 3
San Onofre Nuclear Generating Station Unit 2 $17.50 (1)San Onofre Nuclear Generating Station Unit 3 $17.50 (1)Palo Verde Nuclear Generating Station Unit I $2.77 (2)Palo Verde Nuclear Generating Station Unit 2 $2.77 (2)Palo Verde Nuclear Generating Station Unit 3 $2.77 (2)Total $43.30 (1) The value represents 100% of the SONGS Annual Per Incident Contingent Liability.
 
The Maximum Total Contingent Liability was increased to $17.50 (Dollars in Millions) per reactor, as announced in the Federal Register, Volume 73, No. 189, Monday, September 29, 2008, Page 56,451, and became effective on October 29, 2008.(2) The value represents 15.8% (SCE's Share) of the Palo Verde Annual Per Incident Contingent Liability}}
SOUTHERN CALIFORNIA EDISON COMPANY 2010 Internal Cash Flow (Dollars in Millions) 2010 Actual Net Income After Taxes                                                           $1,092 Dividends Paid                                                                   ($352)
Retained Earnings                                                       $740 Adjustments:
Depreciation & Decommissioning                                         $1,273 Net Deferred Taxes & ITC                                                 $973 Allowance for Funds Used During Construction                           ($141)
Total Adjustments                                               $2,105 Internal Cash Flow                                                               $2,845 Average Quarterly Cash Flow                                                       $711 Percentage Ownership in All Nuclear Units:
San Onofre Nuclear Generating Station Units 2 & 3 o Southern California Edison Company                             78.21%
o San Diego Gas & Electric Company                               20.00%
o City of Riverside                                               1.79%
Palo Verde Nuclear Generating Station Units 1, 2 & 3                   15.80%
Maximum Total Contingent Liability:
San Onofre Nuclear Generating Station Unit 2                           $17.50 (1)
San Onofre Nuclear Generating Station Unit 3                           $17.50 (1)
Palo Verde Nuclear Generating Station Unit I                           $2.77 (2)
Palo Verde Nuclear Generating Station Unit 2                           $2.77 (2)
Palo Verde Nuclear Generating Station Unit 3                             $2.77 (2)
Total                                                           $43.30 (1) The value represents 100% of the SONGS Annual Per Incident Contingent Liability. The Maximum Total Contingent Liability was increased to $17.50 (Dollars in Millions) per reactor, as announced in the Federal Register, Volume 73, No. 189, Monday, September 29, 2008, Page 56,451, and became effective on October 29, 2008.
(2) The value represents 15.8% (SCE's Share) of the Palo Verde Annual Per Incident Contingent Liability}}

Latest revision as of 18:55, 12 November 2019

Annual Report of Guarantee of Payment of Deferred Premium
ML11154A127
Person / Time
Site: Palo Verde, San Onofre  Southern California Edison icon.png
Issue date: 06/01/2011
From: St.Onge R
Southern California Edison Co
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML11154A127 (3)
v • d • e


Text

SOUTHERN CALIFORNIA Richard 1. St. Onge E IO ENuclear Director Regulatory Affairs An EDISON INTERNATIONAL Company 10 CFR 140.21 June 1, 2011 ATTN: Document Control Desk U. S. Nuclear Regulatory Commission Washington, D.C. 20555-0001 San Onofre Nuclear Generating Station Units 2 and 3 Docket Nos. 50-361, 50-362 Palo Verde Nuclear Generating Station Units 1, 2, and 3 Docket Nos. 50-528, 50-529, and 50-530

Subject:

Annual Report of Guarantee of Payment of Deferred Premium

Dear Sir or Madam:

10 CFR 140.21 requires Southern California Edison (SCE), as agent for the owners of the San Onofre Nuclear Generating Station Units 2 and 3 and SCE's 15.8% ownership share of Palo Verde Units 1, 2, and 3, to provide evidence that it maintains a guarantee of payment of deferred premium in an amount of $17.5 million for each reactor SCE is licensed to operate. In accordance with option (e) of 10 CFR 140.21 and with 10 CFR 50.71(b), SCE has provided its quarterly Form 10-Q report to the Securities and Exchange Commission in lieu of an annual certified financial statement.

SCE is providing the enclosed 2010 Internal Cash Flow statement which is from the consolidated financial statements included in SCE's 2010 annual report.

There are no commitments contained in this letter or its enclosure.

Should you have any questions or require additional information, please contact Ms.

Linda T. Conklin at 949-368-9443.

Sincerely, P.O. Box 128 San Clemente, CA 92674

Document Control Desk June 1, 2011 Enclosure cc: E. E. Collins, Regional Administrator, NRC Region IV R. Hall, NRC Project Manager, San Onofre Units 2 and 3 G. G. Warnick, NRC Senior Resident Inspector, San Onofre Units 2 and 3

SOUTHERN CALIFORNIA EDISON COMPANY 2010 Internal Cash Flow (Dollars in Millions) 2010 Actual Net Income After Taxes $1,092 Dividends Paid ($352)

Retained Earnings $740 Adjustments:

Depreciation & Decommissioning $1,273 Net Deferred Taxes & ITC $973 Allowance for Funds Used During Construction ($141)

Total Adjustments $2,105 Internal Cash Flow $2,845 Average Quarterly Cash Flow $711 Percentage Ownership in All Nuclear Units:

San Onofre Nuclear Generating Station Units 2 & 3 o Southern California Edison Company 78.21%

o San Diego Gas & Electric Company 20.00%

o City of Riverside 1.79%

Palo Verde Nuclear Generating Station Units 1, 2 & 3 15.80%

Maximum Total Contingent Liability:

San Onofre Nuclear Generating Station Unit 2 $17.50 (1)

San Onofre Nuclear Generating Station Unit 3 $17.50 (1)

Palo Verde Nuclear Generating Station Unit I $2.77 (2)

Palo Verde Nuclear Generating Station Unit 2 $2.77 (2)

Palo Verde Nuclear Generating Station Unit 3 $2.77 (2)

Total $43.30 (1) The value represents 100% of the SONGS Annual Per Incident Contingent Liability. The Maximum Total Contingent Liability was increased to $17.50 (Dollars in Millions) per reactor, as announced in the Federal Register, Volume 73, No. 189, Monday, September 29, 2008, Page 56,451, and became effective on October 29, 2008.

(2) The value represents 15.8% (SCE's Share) of the Palo Verde Annual Per Incident Contingent Liability

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