LIC-17-0056, Guarantee of Payment of Deferred Premiums for the Period of July 1, 2017 to June 30, 2018

Guarantee of Payment of Deferred Premiums for the Period of July 1, 2017 to June 30, 2018

ML17209A102
Person / Time
Site:	Fort Calhoun
Issue date:	07/28/2017
From:	Fisher M Omaha Public Power District
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
LIC-17-0056
Download: ML17209A102 (3)

Text

Omaha Public Power District July 28, 2017 LIC-17 -0056 U. S. Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555-0001 Fort Calhoun Station, Unit No. 1 Renewed Facility Operating License No. DPR-40 NRC Docket No. 50-285 10 CFR 140.21

Subject:

Guarantee of Payment of Deferred Premiums for the Period of July 1, 2017 to June 30, 2018 The Omaha Public Power District (OPPD) is providing the attached, "2017/2018 Statement of Cash Flow from Operations," as its guarantee of payment of deferred premiums for the period of July 1, 2017 to June 30, 2018. The Statement provides evidence that OPPD maintains a guarantee of payment of deferred premiums in the amount of $18.963 million for Fort Calhoun Station, Unit No.

1 in compliance with 10 CFR 140.11(a)(4).

The cash flow statement deviates slightly from the format of NRC Regulatory Guide (RG) 9.4 because OPPD is a political subdivision of the State of Nebraska. However, the pertinent information identified in RG 9.4 is provided. A copy of Bond Resolution 1788, which established the payment priorities listed on the cash flow statement was filed with our 1979 guarantee report.

No commitments are made to the NRC in this letter.

If you should have any questions, please contact Mr. Bradley H. Blome at 402-533-7270.

Respectfully,

~!Wf/1~

Mary J. Fisher Senior Director-Decommissioning Fort Calhoun Station MJF/epm Attachment c:

K. M. Kennedy, NRC Regional Administrator, Region IV J. S. Kim, NRC Project Manager R. S. Browder, NRC Senior Health Physicist, Region IV

LIC-17-0056 Attachment Page 1 OMAHA PUBLIC POWER DISTRICT 2017/2018 Statement of Cash Flow From Operations (a)

(Dollars in Thousands)

Operating Revenues Rate Stabilization Transfer Interest Receipts (b)

Total Cash Receipts Less: Operating Expenses (c)

Payments in Lieu of Taxes (c)

Funds Available for Debt Service Less: Debt Service Payments (d)

Funds Available for Other Valid Corporate Purposes (e)

Average Quarterly Cash Flow Actual 12 Months ended 6/17

$1 '147,247

-26,000 0

4,684 1,125,931 807,746 34,320 283,866 129,954

$153,912

$38,478 Percentage Ownership - Fort Calhoun Station, Unit No. 1 - 100%

Projected 12 Months ended 6/18

$1 '109,846 0

0 10,674 1 '120,520 805,198 34,120 281,203 131,028

$150,175

$37,544

Ll C-17 -0056 Attachment Page 2 Notes:

(a)

The format of this cash flow statement is in accordance with the payment priorities as established by Bond Resolution 1788. The payment priority scheduled for funds realized from operations is as follows:

First Priority:

Operations and maintenance expenses and payments in lieu of taxes.

Second Priority:

Debt service (principal and interest) on all outstanding bonds.

Thtrd Priority:

All other valid corporate purposes. These purposes would include construction, nuclear fuel, working capital, and any other use of the funds to provide for an ongoing utility business. The payment of any funds for the NRC guarantee would fall into the third priority.

(b)

Interest collections have been normalized to reflect only the types of interest collections from normal ongoing funds and do not reflect any interest collections made from special construction funds.

(c)

Operating and maintenance expenses and payments in lieu of taxes have first priority on use of funds derived from operating revenues.

(d)

Debt service payments have second priority on the use of funds derived from operating revenues.

(e)

These funds represent the internal cash flow available for all other corporate purposes and have third priority on funds derived from operating revenues.

Supplementary General Statements:

The following statements are offered to explain some of the District's policies as they relate to its financial management:

The District maintains a working fund balance of approximately 1 00-days of cash on hand in addition to special construction and restricted funds in order to take advantage of potential opportunities and manage risks.

As an all-public power state, Nebraska does not have a state commission with electric rate jurisdiction.

The District's Board of Directors is empowered to establish electric rates.