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)

Text

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'.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 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 Net income a~er 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 l~F2

$ 207,715 1572881

~ 422834

$ 115,547 24,692

{1112663)

~ 282576

~ 782410

~ 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:

$10,0002000 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%.