ML17244A408

Forwards Financial Info to Support Guarantee of Retrospective Premium Payments Which Might Be Required Under Secondary Financial Protection Sys.Summarizes Actual Cash Flow for 1978 & Projected Cash Flow for 1979

ML17244A408
Person / Time
Site:	Ginna
Issue date:	03/15/1979
From:	Kowba S ROCHESTER GAS & ELECTRIC CORP.
To:	Saltzman J Office of Nuclear Reactor Regulation
References
NUDOCS 7903190173
Download: ML17244A408 (7)

Text

0 REGULATORY INFORMATION DISTRIBUTION SYSTEM (RIDS)

ACCESSION NBR! 7903190173 DOC ~ DATE! 79/03/15 NOTARIZED! NO DOCKET ¹ FACIL$ 50 200 ROBERT EMMET GINNA NUCL'EAR PLANT UNIT 1g ROCHESTER G- 05000244 AUTHsNAME AUTHOR AFF IL I AT ION KOWBAiS ~ ROCHESTER GAS 5 ELECTRIC IP ~ NAME RKC IP IENT CORP'EC AFFILIATION SALTZMANgJ ANTITRUST 8 INDEMNITY GROUP SUBJECT! FORWARDS FINANCIAL'NFO TO SUPPORT GUARANTEE OF RETROSPECTIVE PREMIUM PAYMKNTS WHICH MIGHT BE REQUIRED UNDKR SECONDARY FINANCIAL PROTECTION SYS ~ SUMMARIES ACTUAL CASH FLOW FOR 1978 8 PROJECTED CASH FLOW FOR 1979 CODE! M001S COPIES RECEIVED!LTR '+ ENCL '

'ISTRIBUTION SIZE!

INSURANCE! INDEMNITY/ENDORSEMENT AGREEMENTS e 'ITLE!

NOTES!  :,& - .AL Ja l/ P.-hl

.

F078 8-'4" REC IPIENT COPIES REC IPIENT COPIES ID CODE/NAME LTTR ENCL ID CODE/NAMK LTTR ENCL INTERNAL 1 1 02 NRC PDR 1 1 05 DINITZ/ACTN -1 1 oe SOULES,V.

EXTERNAL! 03 LPDR 1 1 00 NSIC 1 1 MAR SO 1979 "TOTAL< NUMBER OF'-COPIES REQUIRED! "LTTR ' 'ENCL" '" 6

W t 4 ) II It 4

~ 4 I" 4 Ilj 4 4 4 k

H

'

l(

W I'

W W

WM 4 4e 4

SSSSC $

ROCHESTER GAS AND ELECTRIC CORPORATION ~ 89 EAST AVENUE, ROCHESTER, N.Y. I4649 TCLCRHONC STEPHEN KOWOA ARcA coos Tss 546-2700 ASSSSTAHT CONTROLLCR March 15, 1979 Mr. Jerome Saltzman, Chief Antitrust. & Indemnity Group Nuclear Reactor Regulation Nuclear Energy Commission Washington, DC 20555 Re: Docket No. 50-244

Dear Mr. Saltzman:

Enclosed is material required under Alternative Method No. 5 to support a guarantee by Rochester Gas and Electric Corporation that it can pay the retrospective premiums which might be required under the Secondary Finan-cial Protection system.

Attachment A summarizes the actual cash flow for the calendar year 1978 and the projected cash flow for the calendar year 1979.

Attachment B is a certified financial statement covering the three months ended December 31, 1978 and 12 months ended December 31, 1978.

We do not believe that it would be necessary to curtail any capital expenditures if a retrospective premium had to be paid. However, if future circumstances were such as to impact capital expenditures, we probably would delay upgrading distribution facilities which would not have an immediate impact on our service standards.

Very truly yours, Ste hen Ko ba Enclosures

Attachment A Rochester Gas and Electric Corporation 1979 Cash Flow Projection for R.E. Ginna Nuclear Power Station (000's) 1978 1979 Actua1 Projected.

Net Income After Taxes $ 39,586 $ 45,058 Less Dividends Paid 24,946 29 303 Retained. Earnings ~1>,6%0 0 153755 Adjustments:

Depreciation and Amortization 5 373951 $ 39,198 Deferred Income Taxes 3,162 Deferred. Fuel Costs 976 Allowance for Funds Used During Construction 13 517)

Total Adjustments 2 572 Internal Cash Flow 3 212 3 0 Average Quarterly Cash Flow 01 Percentage Ownership in all Operating Nuclear Units R.E. Ginna 100.00fp Maximum Total Contingent Liability 4 10,000

~4I A

Attachment B Rochester Gas and. Electric Corporation Statement of Income (000's)

Three Months Ended Year Ended.

December 31 1978 December 31 1978 Revenue Electric $ 48,452 $ 202,631 Gas 29,578 118,531 Steam 4 545 19 110

~2,575 3330, 272 Electric sales to other utilities ~79> 28 676 925311 m3W9m Expense Electric and. steam fuels 15>157 58,140 Purchased. electricity. 3,268 195337 Purchased natural gas 21,516 715109 Other operation 175495 65,685 Maintenance 7 152 26 246 Total operation and. maintenance expense 64,588 240,517 Depreciation 5 651 22,206 Taxes-local, state and, other 11,138 45,935 Federal income tax - current (2,406) 5,166

- deferred. 4 874 ~5875 3195 99 Operating Income 8,466 49,249 Other Income and. Deductions Allowance for funds used during construction 2 5 333 8,705 Other 2 040 4 418 j 373 135 123 Income before Interest Charges 125839 62,372 Interest Charges Long-term debt 6,492 25,594 Short-term debt 518 1,588 Other Allowance for borrowed funds used.

ill 416 during construction (1 370) (4 812) 5 5 75 1 225 7 Net Income 7,088 39,586 Dividends on Preferred and.

Preference Stock 1 419 5 678 Earnings Applicable to Common Stock ~5,669 ~33 908 I hereby certify these Financial Statements to be correct to the best of my knowledge and belief.

ROCHESTER GAS AND ELECTRIC CORPORATION e en ow a, ssxsTan Con roller

. ~

g o~(ig~g

" REGULATOR NFORMATION DI TRISUTION SY TEM {RIDS)

DISTRIBUTION FOR INCOMING MATERIAL 50-244 REC: SALTZMAN J ORG: I(USSIE R R DOCDATE: 09/08/78 NRC ROCHESTER GAS 8c ELEC DATE RCVD'</12/7'DOCTYPE:

LETTER NOTARIZED: NO COPIES RECEIVED

SUBJECT:

FORWARDING SIGNED COPY Ol= AMEND NO 7 TO INDEMNITY AGREEMENT NO. 9 "38 LTR i ENCL i INCLUDING NEW AMENDED "ARTICLE ENERGY COMMISSlON.

VIII (AS LISTED) BETWEEN APPLICANT Sc ATOMIC

,.PLANT NAME: RE GINNA UNIT i REVIEWER INITIAL: X JM DISTRIBUTOR INITIAL:Qg

~~~HHHHHHHHHHHI+~+~ DISTRIBUTION OF TI IIS MATFRIAL I AS FOLLOWS INSURANCE: INDEMNITY/ENDORSEMENT AGREEMENTS (DISTRIBUTION CODE MOOi),

INTERNAL: -G FIL +W/ENCL NRC PDR+4<W/ENCL DIN FOR ACTION+wW/ENCL H JORDANk+W/ENCL EXTERNAL: LPDR'S ROCHESTEIRr NY+~l J/ENCL TERA~~W/ENCL NS I C u < W/ENCL ACRS CAT B~H~W/0 ENCL DI TRIBUTION: LTR 7 ENCL 7 CONTROL NBA: 782500237 SIZE'P+>P

% W Sl %% MHHHa-0 0 4~ 3l% k%%%%%%%%%%% %%%%8f >Hf% THE END

0 M

! ,> ~c 1