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 DOCKET¹FACIL$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 CORP'EC IP~NAME RKC IP IENT 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'ISTRIBUTION CODE!M001S COPIES RECEIVED!LTR

'+ENCL'SIZE!'ITLE!INSURANCE!

INDEMNITY/ENDORSEMENT AGREEMENTS e:,&-.AL Ja l/.P.-hl F078 8-'4" NOTES!REC IPIENT ID CODE/NAME INTERNAL 05 DINITZ/ACTN EXTERNAL!03 LPDR COPIES LTTR ENCL 1 1-1 1 1 1 REC IPIENT ID CODE/NAMK 02 NRC PDR oe SOULES,V.00 NSIC COPIES LTTR ENCL 1 1 1 1 MAR SO 1979"TOTAL<NUMBER OF'-COPIES REQUIRED!"LTTRENCL"'" 6 W t 4)II It 4~4 I" 4 Ilj k 4 4 4 H l('W I'W W WM 4 4e 4 ROCHESTER GAS AND ELECTRIC CORPORATION

~89 EAST AVENUE, ROCHESTER, N.Y.I4649 SSSSC$STEPHEN KOWOA ASSSSTAHT CONTROLLCR TCLCRHONC ARcA coos Tss 546-2700 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)Net Income After Taxes Less Dividends Paid Retained.Earnings Adjustments:

Depreciation and Amortization Deferred Income Taxes Deferred.Fuel Costs Allowance for Funds Used During Construction Total Adjustments Internal Cash Flow Average Quarterly Cash Flow 1978 Actua1$39,586 24,946~1>,6%0 5 373951 3,162 976 13 517)2 572 3 212 1979 Projected.

$45,058 29 303 0 153755$39,198 3 0 01 Percentage Ownership in all Operating Nuclear Units Maximum Total Contingent Liability R.E.Ginna 100.00fp 4 10,000

~4I A Attachment B Rochester Gas and.Electric Corporation Statement of Income (000's)Revenue Electric Gas Steam Electric sales to other utilities Expense Electric and.steam fuels Purchased.

electricity.

Purchased natural gas Other operation Maintenance Total operation and.maintenance expense Depreciation Taxes-local, state and, other Federal income tax-current-deferred.Operating Income Other Income and.Deductions Allowance for funds used during construction Other Income before Interest Charges Interest Charges Long-term debt Short-term debt Other Allowance for borrowed funds used.during construction Net Income Dividends on Preferred and.Preference Stock Earnings Applicable to Common Stock Three Months Ended December 31 1978$48,452 29,578 4 545~2,575~79>925311 15>157 3,268 21,516 175495 7 152 64,588 5 651 11,138 (2,406)4 874 8,466 2 5 333 2 040 j 373 125839 6,492 518 ill (1 370)5 5 75 1 7,088 1 419~5,669$202,631 118,531 19 110 3330, 272 28 676 m3W9m 58,140 195337 715109 65,685 26 246 240,517 22,206 45,935 5,166~5875 3195 99 49,249 8,705 4 418 135 123 62,372 25,594 1,588 416 (4 812)225 7 39,586 5 678~33 908 Year Ended.December 31 1978 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 NRC ORG: I(USSIE R R ROCHESTER GAS 8c ELEC DOCDATE: 09/08/78 DATE RCVD'</12/7'DOCTYPE:

LETTER NOTARIZED:

NO COPIES RECEIVED

SUBJECT:

LTR i ENCL i FORWARDING SIGNED COPY Ol=AMEND NO 7 TO INDEMNITY AGREEMENT NO.9"38 INCLUDING NEW AMENDED"ARTICLE VIII (AS LISTED)BETWEEN APPLICANT Sc ATOMICENERGY COMMISSlON.

,.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: EXTERNAL:-G FIL+W/ENCL DIN FOR ACTION+wW/ENCL LPDR'S ROCHESTEIRr NY+~l J/ENCL TERA~~W/ENCL NS I C u<W/ENCL ACRS CAT B~H~W/0 ENCL NRC PDR+4<W/ENCL H JORDANk+W/ENCL DI TRIBUTION:

LTR 7 SIZE'P+>P ENCL 7 CONTROL NBA: 782500237%W Sl%%MHHHa-0 0 4~3l%k%%%%%%%%%%%

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