ML19093B828

Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e) Report

ML19093B828
Person / Time
Site:	Summer
Issue date:	03/28/2019
From:	Lippard G A South Carolina Electric & Gas Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
Shared Package
ML19093B827	List: ML19093B828
References
19-140
Download: ML19093B828 (4)

Text

<scE&G. A SCANA COMPANY Document Control Desk Attachment 2 Contains SCE&G Proprietary Information March 28, 2019 U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 SOUTH CAROLINA ELECTRIC & GAS COMPANY VIRGIL C. SUMMER NUCLEAR STATION (VCSNS) UNIT 1 Serial No.19-140 VCS LIC/SL/Rev 0 Docket No. 50-395 License No. NPF-12 GUARANTEE OF PAYMENT OF DEFERRED PREMIUMS ANNUAL 10CFR140.21(e)

REPORT In accordance with 1 OCFR140.21 (e), South Carolina Electric & Gas Company (SCE&G) is hereby submitting the required 2016, 2017, 2018 actual and 2019 projected cash flow statements. Portions of the 2019 cash flow information are considered company confidential, and as such, we request that it be withheld from public disclosure pursuant to 1 OCFR2.390(b)(1).

The affidavit to support this request is provided as Attachment

1. Proprietary and non-proprietary versions of the cash flow information are provided by Attachment 2 and Attachment 3 , respectively.

The timeliness of the 2017 and 2018 submittals has been entered in the station's corrective action program under CR-19-00827.

No new commitments are intended by this letter. If you have questions regarding this information, please contact Mr. Michael S. Moore at (803) 345-4752. George A. Lippard Vice President, Nuclear Operations V.C. Summer Nuclear Station Attachments:

1. SCE&G Affidavit to Request Withholding of Proprietary Information from Public Disclosure

2. SCE&G's 2016, 2017 and 2018 Actual Cash Flow and 2019 Projected Cash Flow (Proprietary Version) 3. SCE&G's 2016, 2017 and 2018 Actual Cash Flow and 2019 Projected Cash Flow Proprietary Version) cc: Without Attachments unless otherwise indicated G. J. Lindamood C. Haney S. A Williams NRC Resident Inspector Attachment 2 Contains SCE&G Proprietary Information This letter forwards Proprietary Information in accordance with 10 CFR 2.390. The balance of this letter may be considered non-proprietary upon removal of Attachment

2. V. C. Summer Nuclear Station* P. 0. Box 88

• J e nkinsville, South C a ro l ina* 29065

• F (803) 941-9776

• www.s ceg.com Serial No.19-140 Docket No. 50-395 Attachment 1 Page 1 of 2 UNITED STATES NUCLEAR REGULATORY COMMISSION SOUTH CAROLINA ELECTRIC & GAS COMPANY VIRGIL C. SUMMER NUCLEAR STATION OPERATING LICENSE NO. NPF-12 DOCKET NO. 50-395 Request to Withhold Proprietary Information from Public Disclosure South Carolina Electric & Gas Company, a South Carolina corporation , hereby requests that Attachment 2 to the letter entitled "Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e)

Report" dated March 28, 2019 be withheld from public disclosure due to its proprietary nature. The details of this request are provided in the following affidavit:

AFFIDAVIT I, George A. Lippard, being duly sworn, depose and state as follows: (1) I am Vice President, Nuclear Operations, South Carol i na Electric & Gas Company (SCE&G) and have been delegated the function of reviewing the information described in paragraph (2) which is sought to be withheld, and have been authorized to apply for its withholding. (2) The information sought to be withheld consists of portions of the 2019 Projected Cash Flow that is included in Attachment 2 to SCE&G's March 28, 2019 letter to the NRG entitled " Guarantee of Payment of Deferred Premiums Annual 10CFR140.21(e)

Report". Attachment 2, a one-page document, has the words "Proprietary Version" on the top and bottom of the page. (3) In making this application for withholding of proprietary information of which it is the owner, SCE&G relies upon the exemption from disclosure set forth in the NRG regulation 10 CFR 2.390(b)(1) for confidential financial information. (4) Justification for the request for withholding from public disclosure is provided by addressing the five items identified in 10 CFR 2.390(b)(4).

To the best of my knowledge and belief: a. This information is considered company confidential and has been held in confidence by SCE&G. b. This information is of the type customarily held in confidence by SCE&G and the rationale basis is that it would provide an unfair advantage to competitors if it were disclosed.

Serial No.19-140 Docket No. 50-395 Attachment 1 Page 2 of 2 c. This information is transmitted in confidence to the NRC and the purpose of this request is to maintain its confidentiality.

d. The 2019 projected cash flow information is not available from public sources. e. Public disclosure of the information sought to be withheld is likely to cause harm to SCE&G's competitive position and reduce the availability of profit-making opportunities.

This letter contains no restricted or other defense information.

I certify under penalty of perjury that the foregoing is true and correct. SOUTH CAROLINA ELECTRIC & GAS COMPANY Executed on Vice President, Nuclear Operations NON-PROPRIETARY VERSION Serial No.19-140 Docket No. 50-395 Attachment 3 Page 1 of 1 SOUTH CAROLINA ELECTRIC & GAS COMPANY INTERNAL CASH FLOW PROJECTION FORV. C. SUMMER NUCLEAR POWER STATION Excludes SC Generating Company (MILLIONS OF DOLLARS) 2016 2017 2018 ACTUAL TOTAL ACTUAL TOTAL ACTUAL TOTAL NET INCOME AFTER TAXES A $ 513 A LESS DIVIDENDS PAID B $ (293) B RETAINED EARNINGS $ ADJUSTMENTS IMPAIRMENT

$ DEPREC I ATlON AND AMORTlZATlON c $ DEFERRED INCOME TAXES AND INVESTMENT TAX CREDITS D $ ALLOWANCE FOR FUNDS USED DURING CONSTRUCTlON E $ TOTAL ADJUSTMENTS

$ INTERNAL CASH FLOW $ AVERAGE QUARTERLY CASH FLOW $ Source: 2016,2017 , 2018 10K and 2 019 Forecast (2019 Board Budget) : Per NRC regulation 10 CFR 140.21 (e). 220 348 c 183 D 8 E 539 759 190 $ (185) $ $ (310) $ $ (495) $ $ 1 , 118 $ $ 348 $ $ 1 , 187 $ $ (30) $ $ 2,623 $ $ 2 , 128 $ $ 532 $ NON-PROPRIETARY VERSION (589) (164) (753) 1 , 376 369 92 (20) 1 , 817 1 , 064 266 PROJECTlON YEAR 2019 TOTAL Withheld from public disclosure per Affidavit