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Category:LEGAL TRANSCRIPTS & ORDERS & PLEADINGS
MONTHYEARML20211N0401999-09-0303 September 1999 Exemption from 10CFR50.44(d) & (E) to Remove Hydrogen Control Requirements from SONGS Units 2 & 3 Design Basis. Exemption Also Allows Licensee to Modify Emergency Operating Instructions to Remove Operator Action Requirements DD-98-06, Director'S Decision DD-98-06 Under 10CFR2.206.Petitioner Requested That NRC Take Action Re Concerns About Ability of Plant SGs to Withstand Major Seismic Event.Petitioner Requested Action Denied1998-06-11011 June 1998 Director'S Decision DD-98-06 Under 10CFR2.206.Petitioner Requested That NRC Take Action Re Concerns About Ability of Plant SGs to Withstand Major Seismic Event.Petitioner Requested Action Denied ML20198Q8481998-01-15015 January 1998 Comment Opposing PRM 50-63A by Pg Crane Amending Petition for Rulemaking Re Use of Potassium Iode ML20198P7461998-01-11011 January 1998 Comment on Petition for Rulemaking PRM 50-63A Re Aftermath of Nuclear Meltdown at San Onofre NPP & Possibility of Nuclear Emergency Caused by Navy Proposed Mixed Waste Facility & Plans to Homeport Nuclear Carriers in San Diego ML20203F7541997-09-30030 September 1997 Transcript of 970930 Predecisional Enforcement Conference of Util in Arlington,Tx ML20210T0401997-08-29029 August 1997 Order Approving Application Re Corporate Restructuring of Enova Corp,Parent of San Diego Gas & Electric Co,By Establishment of Holding Company W/Pacific Enterprises ML20138K0721997-05-0202 May 1997 Comment Opposing Proposed Rule 10CFR73 Re Physical Protection of Plants & Matls ML20149H5221997-04-25025 April 1997 Amended Emergency Petition Re Degradation of Steam Generator Internal Tube Supports (Egg Crates),Based on 970417 Rept. Plant Will Not Be Able to Completely Withstand Major Seismic Event ML20091R5651995-08-31031 August 1995 Comment on Review of Revised NRC SALP Program.Recommends That SALP Assessment Process Either Be Abandoned or Justified as within Authority of NRC Through Appropriate Rulemaking ML20058E3351993-11-19019 November 1993 Exemption from Requirements in 10CFR50.120 to Establish, Implement & Maintain Training Programs,Using Sys Approach to Training,For Categories of Personnel Listed in 10CFR50.120 ML20058E0151993-11-14014 November 1993 Comment Opposing Proposed Rule 10CFR50 Re Exemptions in Accident Insurance for Nuclear Power Plants Prematurely Shut Down ML20056G3351993-08-27027 August 1993 Comment Opposing Proposed Rule 10CFR2 Re Review of 10CFR2.206 Process ML20046A9191993-07-19019 July 1993 Comment on Proposed Rules 10CFR170 & 171 Re NRC Fee Policy. Opposes Rule ML20044D3551993-05-13013 May 1993 Comment on Draft Insp Procedure 38703, Commercial Grade Procurement Insp. Believes Appropriate Application of NRC Endorsed Stds to Critical Characteristics Remains Responsibility of Licensee Re Engineering Judgement ML20055F0001990-06-20020 June 1990 Comment Opposing Proposed Rule 10CFR55 Re Operator Licenses. Proposed Rule Unnecessary & Can Only Adversely Impact Safe Operation of Nuclear Power Facilities by Negatively Affecting Morale of Licensed Operators ML20247L3791989-05-25025 May 1989 Transcript of 890525 Hearing in San Diego,Ca.Pp 150-278. Supporting Info Encl.Witnesses:A Keltz,A Talley,W Flynn, E Cone,N Hunemuller,J Zwolinski ML20245J6161989-04-25025 April 1989 Notice of Withdrawal of 840307 Application for Amends to Licenses NPF-10 & NPF-15,revising Tech Specs to Reflect Changes in Util Organizational Structure & to Incorporate New NRC Reporting Requirements ML20195H1611988-11-12012 November 1988 Requests 90-day Extension of Public Comment Period for Proposed Rule 10CFR26 Re Fitness for Duty Issue for Nuclear Power Plant Workers ML20195H1751988-11-12012 November 1988 Comment Opposing Proposed Rule 10CFR26 Re Fitness for Duty Program.Unannounced Random Tests for Drug Use Should Not Be Part of Program ML20195H3221988-11-12012 November 1988 Requests 90-day Extension to Submit Comment on Proposed Rule 10CFR26 Re Fitness for Duty Issue ML20195G9881988-11-12012 November 1988 Requests 90-day Extension in Order to Submit Public Comment on 10CFR26 Re Fitness for Duty Program ML20206D7531988-11-0808 November 1988 Requests Extension of Comment Period for 10CFR26 Re Random Drug Test Issue for Nuclear Power Plants.Period Provided Inadequate as Fr Notice Just Received ML20205D5691988-10-21021 October 1988 Memorandum.* Board Confirms Listed Schedule for Completing Case as Discussed W/Parties During 881018 Prehearing Conference.Served on 881024 ML20205D7301988-10-18018 October 1988 Transcript of 881018 Prehearing Conference in San Diego,Ca. Pp 1-62 ML20204F0291988-10-0606 October 1988 Comment on Proposed Rule 10CFR26 Re Drugs in Nuclear Workplaces ML20155D0011988-10-0303 October 1988 Exemption from 10CFR50.54(w)(5)(i) Requirements Re Onsite Property Damage Insurance Until Rulemaking Finalized But No Later than 890401 ML20155A1541988-10-0303 October 1988 Exemption from Requirements of 10CFR50.54(w)(5)(i) Re Onsite Property Damage Insurance Pending Completion of Rulemaking But No Later than 890401 ML20154D9891988-05-0909 May 1988 Order (Resolving Remanded Medical Svcs Issue).* Adequate Measures to Protect Public in Event of Radiological Emergency Taken.Served on 880510 ML20151P3771988-03-22022 March 1988 Stipulation & Proposed Order Re Remand of Medical Svcs Issue.* Stipulates That Parties Involved Reviewed Relevant Documentation Re Licensee Compliance w/10CFR50.47(b)(12) Including Licensee 870629 Submittal.W/Declaration of Svc ML20237B1861987-12-11011 December 1987 Transcript of 871211 Telcon in Bethesda,Md.Pp 19-24 ML20235R5441987-10-0101 October 1987 Notice of Appearance.* Certificate of Svc Encl ML20238F1691987-09-10010 September 1987 Notice of Withdrawal.* All Mail & Svc Lists Should Be Amended to Delete Author Name After 870921.W/Certificate of Svc ML20216J8751987-06-29029 June 1987 Licensee Submittal Re Emergency Medical Svcs (10CFR50.47(b)(12)).* Completed Arrangements for Offsite Emergency Medical Svcs,Including Annual Conduct of Emergency Drills Since 1981,discussed ML20206T1731987-04-20020 April 1987 Notice of Reconstitution of Aslb.* Sj Wolfe,Chairman & Ch Hand & Eb Johnson,Members.Served on 870421 ML20205R3571987-04-0101 April 1987 Applicant Status Rept on Implementation of Emergency Medical Procedures.* Applicant Close to Completing Emergency Medical Svcs Arrangements & Will Make Ordered Filing at Earliest Possible Time.Declaration of Svc of Mail Encl ML20205R3881987-04-0101 April 1987 Notice of Appearance.* Ck O'Connell Will Appear on Behalf of Southern California Edison Co,San Diego Gas & Electric Co & Cities of Riverside & Anaheim,Ca DD-87-01, Notice of Issuance of Director'S Decision DD-87-01 Under 10CFR2.206 Denying City of Laguna Beach 860527 Petition to Extend 10-mile Radius of EPZ to Include South Laguna Beach & Laguna Beach1987-01-29029 January 1987 Notice of Issuance of Director'S Decision DD-87-01 Under 10CFR2.206 Denying City of Laguna Beach 860527 Petition to Extend 10-mile Radius of EPZ to Include South Laguna Beach & Laguna Beach ML20207P7171987-01-13013 January 1987 Order.* Applicant Showing of Implementation of Emergency Medical Arrangements Expressed in 870112 Telcon Must Be Submitted No Later than 870701.Applicant Should Exert Effort to Submit Showing by 870401.Served on 870114 ML20207N5171987-01-12012 January 1987 Transcript of 870112 Telcon in Washington,Dc.Pp 1-18 ML20207E2541986-12-29029 December 1986 Order (Initiating Proceedings Concerning Emergency Medical Arrangements).* Telcon Scheduled for 870112 to Discuss ASLB 870401 Proposed Implementation Date.Proceeding Will Be Held in Abeyance Pending Licensee Submittal.Served on 861231 ML20214C7741986-11-18018 November 1986 Notice of ASLBP Constitution.Jl Kelley,Chairman & Ch Hand & Eb Johnson,Members.Served on 861120 ML20214N5301986-09-12012 September 1986 Order Remanding Medical Treatment Facilities Issue to ASLB to Be Held in Abeyance Until Issuance of Detailed & Specific Guidance on Nature of Medical Svc.Served on 860915 ML20203L9441986-08-28028 August 1986 Decision ALAB-845 Affirming Licensing Board 850612 Order & Fourth Partial Initial Decision LBP-85-25,in Part,To Extent of Excluding Inmates Manpower Mobilization Contention. Intervenor 850726 Appeal Dismissed.Served on 860829 ML20203K1751986-08-0101 August 1986 Petition of W Chesbro,Sl Fielder,D Hauser,D Bosco,B Keene & Redwood Alliance for Leave to Intervene & Request for Hearing.W/Proof of Svc ML20199D5081986-06-12012 June 1986 Transcript of 860612 Commission Briefing in Washington,Dc Re Restart of San Onofre Unit 1.Pp 1-95.Supporting Documentation Encl ML20199D3661986-03-18018 March 1986 Transcript of Commission 860318 Meeting in Washington,Dc Re Briefing by Util on 851121 Loss of All in-plant Ac Power. Pp 1-84.Supporting Documentation Encl NUREG-1190, Transcript of Commission 860122 Briefing in Washington,Dc Re San Onofre & Status of Rancho Seco.Pp 1-105.Supporting Documentation & NUREG-1190, Loss of Power & Water Hammer Event at San Onofre,Unit 1 on 851121 Encl1986-01-22022 January 1986 Transcript of Commission 860122 Briefing in Washington,Dc Re San Onofre & Status of Rancho Seco.Pp 1-105.Supporting Documentation & NUREG-1190, Loss of Power & Water Hammer Event at San Onofre,Unit 1 on 851121 Encl ML20127G6231985-06-19019 June 1985 Transcript of ACRS Subcommittee of SEP (San Onofre) 850619 Meeting in Washington,Dc.Pp 1-167.Supporting Documentation Encl ML20113E4511985-04-11011 April 1985 Response Opposing Applicant Motion Re Arrangements for Medical Svcs.Motion Deficient in Complying W/Procedures in 10CFR2.749 & Matl Submitted W/O Motion to Amend Record.Proof of Svc Encl.Related Correspondence ML20100K3471985-04-0909 April 1985 Response to 850403 Order Re 850329 Motion.As Result of Guard Vs NRC Decision Remanding Case to Nrc,Motion Properly Addresses Full Commission.Proof of Svc Encl 1999-09-03
[Table view] Category:TRANSCRIPTS
MONTHYEARML20203F7541997-09-30030 September 1997 Transcript of 970930 Predecisional Enforcement Conference of Util in Arlington,Tx ML20247L3791989-05-25025 May 1989 Transcript of 890525 Hearing in San Diego,Ca.Pp 150-278. Supporting Info Encl.Witnesses:A Keltz,A Talley,W Flynn, E Cone,N Hunemuller,J Zwolinski ML20205D7301988-10-18018 October 1988 Transcript of 881018 Prehearing Conference in San Diego,Ca. Pp 1-62 ML20237B1861987-12-11011 December 1987 Transcript of 871211 Telcon in Bethesda,Md.Pp 19-24 ML20207N5171987-01-12012 January 1987 Transcript of 870112 Telcon in Washington,Dc.Pp 1-18 ML20199D5081986-06-12012 June 1986 Transcript of 860612 Commission Briefing in Washington,Dc Re Restart of San Onofre Unit 1.Pp 1-95.Supporting Documentation Encl ML20199D3661986-03-18018 March 1986 Transcript of Commission 860318 Meeting in Washington,Dc Re Briefing by Util on 851121 Loss of All in-plant Ac Power. Pp 1-84.Supporting Documentation Encl NUREG-1190, Transcript of Commission 860122 Briefing in Washington,Dc Re San Onofre & Status of Rancho Seco.Pp 1-105.Supporting Documentation & NUREG-1190, Loss of Power & Water Hammer Event at San Onofre,Unit 1 on 851121 Encl1986-01-22022 January 1986 Transcript of Commission 860122 Briefing in Washington,Dc Re San Onofre & Status of Rancho Seco.Pp 1-105.Supporting Documentation & NUREG-1190, Loss of Power & Water Hammer Event at San Onofre,Unit 1 on 851121 Encl ML20127G6231985-06-19019 June 1985 Transcript of ACRS Subcommittee of SEP (San Onofre) 850619 Meeting in Washington,Dc.Pp 1-167.Supporting Documentation Encl ML20078N7271982-10-16016 October 1982 Marked-up Transcript of Ee Kent 831016 Statement Re Inadequate Welding Practices ML20062E2941982-07-28028 July 1982 Transcript of 820728 Public Meeting Re Discussion & Possible Vote on Full Power OL for Facility in Washington,Dc. Pp 1-110.Viewgraphs Encl ML20054J5651982-06-25025 June 1982 Transcript of 820625 OL Hearing in Bethesda,Md.Pp 1-84 ML20062G4641982-06-24024 June 1982 Transcript of 820624 Affirmation/Discussion Session & Public Meeting Re Unescorted Access to Protected Area & Low Power OL for San Onofre 2 in Washington,Dc.Pp 1-7.Supporting Documentation Encl ML20050E2761982-04-0606 April 1982 Proposed Corrections to 820312 Transcript of Oral Argument.Certificate of Svc Encl ML20010H9701981-09-21021 September 1981 Testimony of Dr Buttemer Supporting Applicant Alternative Motion for Fuel Loading & Low Power License for Unit 2 ML20010H8421981-09-21021 September 1981 Testimony of RM Rosenblum Re Staffing & Startup Effort & Tests at Unit 2 ML20010H9721981-09-21021 September 1981 Testimony of DF Pilmer Supporting Applicant Alternative Motion for Fuel Loading & Low Power License for Unit 2. Current State of Emergency Preparedness Adequate to Protect Public Health & Safety ML20005A5451981-06-22022 June 1981 Testimony of Jn Brune Re Earthquake Hazard in Southern CA & Mexico,Strong Ground Motion in Mexico,Earthquake Mechanism & Strong Motion Along San Jacinto Fault.Prof Qualifications & Supportive Documents Encl.Related Correspondence ML20009A8161981-06-22022 June 1981 Transcript of Applicants Pl Ehlig,Eg Heath,Sw Smith,Lh Wight,Im Idriss,Ga Frazier & Rl Mcneill 810622 Direct Testimony on Contention 4 Re Ozd.Charts Encl ML20004D0981981-05-18018 May 1981 Transcript of 810518 Public Meeting in San Clemente,Ca Re Facility Offsite Emergency Response Plan.Related Correspondence ML19347D2821980-12-31031 December 1980 Prepared Testimony of R Korpan Re Cost of Capital & Rate of Return for 1982 Test Yr ML19347D2871980-12-31031 December 1980 Prepared Testimony of Fh Ault Re 1982 Test Yr,Including Comparative Financial Data for 1978 & 79 & Summary of Earnings 1980-83 ML19347D2751980-11-30030 November 1980 Prepared Testimony of Hf Christie Re Request for General Rate Increase Proceeding.Current Financial Data Encl ML19347D2791980-11-20020 November 1980 Prepared Testimony of MG Lyons Re General Rate Increase Proceeding.Estimated Operational & Financial Attrition Info Encl ML19347D2761980-11-18018 November 1980 Addl Prepared Testimony of Dt Gardner Re General Rate Increase Proceeding ML19347D2931980-09-0808 September 1980 Testimony of E Quan Re Study of Cost of Capital & Rate of Return for San Diego Gas & Electric Co ML19347D2891980-07-31031 July 1980 Prepared Testimony of PA Williams Re Cost of Capital & Rate of Return for 1981 Test Yr ML19347D2901980-07-31031 July 1980 Prepared Testimony of Fh Ault Re 1981 Test Yr,Including Comparative Financial Data for 1978 & 1979 & Summary of Earnings 1975-81 ML19347D2711980-04-16016 April 1980 Prepared Testimony & Exhibits of Rj Cadenasso,On Behalf of CA Association of Util Shareholders,Re General Rate Case ML19347D2741980-03-18018 March 1980 Prepared Testimony of Dt Gardner Re Study of Cost of Capital & Rate of Return for Southern CA Edison Co ML19347D2681979-12-31031 December 1979 Prepared Testimony of Jk Horton,Hf Christie,Ap Haub,Ac Smith,Md Whyte,We Ferguson,Rv Knapp,Et Al,Re Util Request for Rate Increase.Prospectus Encl 1997-09-30
[Table view] Category:DEPOSITIONS
MONTHYEARML20203F7541997-09-30030 September 1997 Transcript of 970930 Predecisional Enforcement Conference of Util in Arlington,Tx ML20247L3791989-05-25025 May 1989 Transcript of 890525 Hearing in San Diego,Ca.Pp 150-278. Supporting Info Encl.Witnesses:A Keltz,A Talley,W Flynn, E Cone,N Hunemuller,J Zwolinski ML20205D7301988-10-18018 October 1988 Transcript of 881018 Prehearing Conference in San Diego,Ca. Pp 1-62 ML20237B1861987-12-11011 December 1987 Transcript of 871211 Telcon in Bethesda,Md.Pp 19-24 ML20207N5171987-01-12012 January 1987 Transcript of 870112 Telcon in Washington,Dc.Pp 1-18 ML20199D5081986-06-12012 June 1986 Transcript of 860612 Commission Briefing in Washington,Dc Re Restart of San Onofre Unit 1.Pp 1-95.Supporting Documentation Encl ML20199D3661986-03-18018 March 1986 Transcript of Commission 860318 Meeting in Washington,Dc Re Briefing by Util on 851121 Loss of All in-plant Ac Power. Pp 1-84.Supporting Documentation Encl NUREG-1190, Transcript of Commission 860122 Briefing in Washington,Dc Re San Onofre & Status of Rancho Seco.Pp 1-105.Supporting Documentation & NUREG-1190, Loss of Power & Water Hammer Event at San Onofre,Unit 1 on 851121 Encl1986-01-22022 January 1986 Transcript of Commission 860122 Briefing in Washington,Dc Re San Onofre & Status of Rancho Seco.Pp 1-105.Supporting Documentation & NUREG-1190, Loss of Power & Water Hammer Event at San Onofre,Unit 1 on 851121 Encl ML20127G6231985-06-19019 June 1985 Transcript of ACRS Subcommittee of SEP (San Onofre) 850619 Meeting in Washington,Dc.Pp 1-167.Supporting Documentation Encl ML20078N7271982-10-16016 October 1982 Marked-up Transcript of Ee Kent 831016 Statement Re Inadequate Welding Practices ML20062E2941982-07-28028 July 1982 Transcript of 820728 Public Meeting Re Discussion & Possible Vote on Full Power OL for Facility in Washington,Dc. Pp 1-110.Viewgraphs Encl ML20054J5651982-06-25025 June 1982 Transcript of 820625 OL Hearing in Bethesda,Md.Pp 1-84 ML20062G4641982-06-24024 June 1982 Transcript of 820624 Affirmation/Discussion Session & Public Meeting Re Unescorted Access to Protected Area & Low Power OL for San Onofre 2 in Washington,Dc.Pp 1-7.Supporting Documentation Encl ML20050E2761982-04-0606 April 1982 Proposed Corrections to 820312 Transcript of Oral Argument.Certificate of Svc Encl ML20010H9701981-09-21021 September 1981 Testimony of Dr Buttemer Supporting Applicant Alternative Motion for Fuel Loading & Low Power License for Unit 2 ML20010H8421981-09-21021 September 1981 Testimony of RM Rosenblum Re Staffing & Startup Effort & Tests at Unit 2 ML20010H9721981-09-21021 September 1981 Testimony of DF Pilmer Supporting Applicant Alternative Motion for Fuel Loading & Low Power License for Unit 2. Current State of Emergency Preparedness Adequate to Protect Public Health & Safety ML20005A5451981-06-22022 June 1981 Testimony of Jn Brune Re Earthquake Hazard in Southern CA & Mexico,Strong Ground Motion in Mexico,Earthquake Mechanism & Strong Motion Along San Jacinto Fault.Prof Qualifications & Supportive Documents Encl.Related Correspondence ML20009A8161981-06-22022 June 1981 Transcript of Applicants Pl Ehlig,Eg Heath,Sw Smith,Lh Wight,Im Idriss,Ga Frazier & Rl Mcneill 810622 Direct Testimony on Contention 4 Re Ozd.Charts Encl ML20004D0981981-05-18018 May 1981 Transcript of 810518 Public Meeting in San Clemente,Ca Re Facility Offsite Emergency Response Plan.Related Correspondence ML19347D2821980-12-31031 December 1980 Prepared Testimony of R Korpan Re Cost of Capital & Rate of Return for 1982 Test Yr ML19347D2871980-12-31031 December 1980 Prepared Testimony of Fh Ault Re 1982 Test Yr,Including Comparative Financial Data for 1978 & 79 & Summary of Earnings 1980-83 ML19347D2751980-11-30030 November 1980 Prepared Testimony of Hf Christie Re Request for General Rate Increase Proceeding.Current Financial Data Encl ML19347D2791980-11-20020 November 1980 Prepared Testimony of MG Lyons Re General Rate Increase Proceeding.Estimated Operational & Financial Attrition Info Encl ML19347D2761980-11-18018 November 1980 Addl Prepared Testimony of Dt Gardner Re General Rate Increase Proceeding ML19347D2931980-09-0808 September 1980 Testimony of E Quan Re Study of Cost of Capital & Rate of Return for San Diego Gas & Electric Co ML19347D2891980-07-31031 July 1980 Prepared Testimony of PA Williams Re Cost of Capital & Rate of Return for 1981 Test Yr ML19347D2901980-07-31031 July 1980 Prepared Testimony of Fh Ault Re 1981 Test Yr,Including Comparative Financial Data for 1978 & 1979 & Summary of Earnings 1975-81 ML19347D2711980-04-16016 April 1980 Prepared Testimony & Exhibits of Rj Cadenasso,On Behalf of CA Association of Util Shareholders,Re General Rate Case ML19347D2741980-03-18018 March 1980 Prepared Testimony of Dt Gardner Re Study of Cost of Capital & Rate of Return for Southern CA Edison Co ML19347D2681979-12-31031 December 1979 Prepared Testimony of Jk Horton,Hf Christie,Ap Haub,Ac Smith,Md Whyte,We Ferguson,Rv Knapp,Et Al,Re Util Request for Rate Increase.Prospectus Encl 1997-09-30
[Table view] Category:NARRATIVE TESTIMONY
MONTHYEARML20203F7541997-09-30030 September 1997 Transcript of 970930 Predecisional Enforcement Conference of Util in Arlington,Tx ML20247L3791989-05-25025 May 1989 Transcript of 890525 Hearing in San Diego,Ca.Pp 150-278. Supporting Info Encl.Witnesses:A Keltz,A Talley,W Flynn, E Cone,N Hunemuller,J Zwolinski ML20205D7301988-10-18018 October 1988 Transcript of 881018 Prehearing Conference in San Diego,Ca. Pp 1-62 ML20237B1861987-12-11011 December 1987 Transcript of 871211 Telcon in Bethesda,Md.Pp 19-24 ML20207N5171987-01-12012 January 1987 Transcript of 870112 Telcon in Washington,Dc.Pp 1-18 ML20199D5081986-06-12012 June 1986 Transcript of 860612 Commission Briefing in Washington,Dc Re Restart of San Onofre Unit 1.Pp 1-95.Supporting Documentation Encl ML20199D3661986-03-18018 March 1986 Transcript of Commission 860318 Meeting in Washington,Dc Re Briefing by Util on 851121 Loss of All in-plant Ac Power. Pp 1-84.Supporting Documentation Encl NUREG-1190, Transcript of Commission 860122 Briefing in Washington,Dc Re San Onofre & Status of Rancho Seco.Pp 1-105.Supporting Documentation & NUREG-1190, Loss of Power & Water Hammer Event at San Onofre,Unit 1 on 851121 Encl1986-01-22022 January 1986 Transcript of Commission 860122 Briefing in Washington,Dc Re San Onofre & Status of Rancho Seco.Pp 1-105.Supporting Documentation & NUREG-1190, Loss of Power & Water Hammer Event at San Onofre,Unit 1 on 851121 Encl ML20127G6231985-06-19019 June 1985 Transcript of ACRS Subcommittee of SEP (San Onofre) 850619 Meeting in Washington,Dc.Pp 1-167.Supporting Documentation Encl ML20078N7271982-10-16016 October 1982 Marked-up Transcript of Ee Kent 831016 Statement Re Inadequate Welding Practices ML20062E2941982-07-28028 July 1982 Transcript of 820728 Public Meeting Re Discussion & Possible Vote on Full Power OL for Facility in Washington,Dc. Pp 1-110.Viewgraphs Encl ML20054J5651982-06-25025 June 1982 Transcript of 820625 OL Hearing in Bethesda,Md.Pp 1-84 ML20062G4641982-06-24024 June 1982 Transcript of 820624 Affirmation/Discussion Session & Public Meeting Re Unescorted Access to Protected Area & Low Power OL for San Onofre 2 in Washington,Dc.Pp 1-7.Supporting Documentation Encl ML20050E2761982-04-0606 April 1982 Proposed Corrections to 820312 Transcript of Oral Argument.Certificate of Svc Encl ML20010H9701981-09-21021 September 1981 Testimony of Dr Buttemer Supporting Applicant Alternative Motion for Fuel Loading & Low Power License for Unit 2 ML20010H8421981-09-21021 September 1981 Testimony of RM Rosenblum Re Staffing & Startup Effort & Tests at Unit 2 ML20010H9721981-09-21021 September 1981 Testimony of DF Pilmer Supporting Applicant Alternative Motion for Fuel Loading & Low Power License for Unit 2. Current State of Emergency Preparedness Adequate to Protect Public Health & Safety ML20005A5451981-06-22022 June 1981 Testimony of Jn Brune Re Earthquake Hazard in Southern CA & Mexico,Strong Ground Motion in Mexico,Earthquake Mechanism & Strong Motion Along San Jacinto Fault.Prof Qualifications & Supportive Documents Encl.Related Correspondence ML20009A8161981-06-22022 June 1981 Transcript of Applicants Pl Ehlig,Eg Heath,Sw Smith,Lh Wight,Im Idriss,Ga Frazier & Rl Mcneill 810622 Direct Testimony on Contention 4 Re Ozd.Charts Encl ML20004D0981981-05-18018 May 1981 Transcript of 810518 Public Meeting in San Clemente,Ca Re Facility Offsite Emergency Response Plan.Related Correspondence ML19347D2821980-12-31031 December 1980 Prepared Testimony of R Korpan Re Cost of Capital & Rate of Return for 1982 Test Yr ML19347D2871980-12-31031 December 1980 Prepared Testimony of Fh Ault Re 1982 Test Yr,Including Comparative Financial Data for 1978 & 79 & Summary of Earnings 1980-83 ML19347D2751980-11-30030 November 1980 Prepared Testimony of Hf Christie Re Request for General Rate Increase Proceeding.Current Financial Data Encl ML19347D2791980-11-20020 November 1980 Prepared Testimony of MG Lyons Re General Rate Increase Proceeding.Estimated Operational & Financial Attrition Info Encl ML19347D2761980-11-18018 November 1980 Addl Prepared Testimony of Dt Gardner Re General Rate Increase Proceeding ML19347D2931980-09-0808 September 1980 Testimony of E Quan Re Study of Cost of Capital & Rate of Return for San Diego Gas & Electric Co ML19347D2891980-07-31031 July 1980 Prepared Testimony of PA Williams Re Cost of Capital & Rate of Return for 1981 Test Yr ML19347D2901980-07-31031 July 1980 Prepared Testimony of Fh Ault Re 1981 Test Yr,Including Comparative Financial Data for 1978 & 1979 & Summary of Earnings 1975-81 ML19347D2711980-04-16016 April 1980 Prepared Testimony & Exhibits of Rj Cadenasso,On Behalf of CA Association of Util Shareholders,Re General Rate Case ML19347D2741980-03-18018 March 1980 Prepared Testimony of Dt Gardner Re Study of Cost of Capital & Rate of Return for Southern CA Edison Co ML19347D2681979-12-31031 December 1979 Prepared Testimony of Jk Horton,Hf Christie,Ap Haub,Ac Smith,Md Whyte,We Ferguson,Rv Knapp,Et Al,Re Util Request for Rate Increase.Prospectus Encl 1997-09-30
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Application No. 59351 l Exhibit No. /38 H. F. Christie kl
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SOUTHERN CALIFORNIA EDISON COMPANY Prepared Testimony of H. Fred Christle Application No. 59351 1 Q. Have you testified previously in this proceeding?
2 A. Yes, I have. I sponsored Exhibit No. I and pages HFC-1 through HFC-31 3 of Exhibit No. 4.
4 Q. What is the purpose of your testimony?
5 A. The purpose of my testimony is to:
6 1. Extend pertinent tables of Exhibit No. I to reflect 1979 7 recorded financing costs.
8 2. Revise the projected 1980, 1981, and 1982 cost of debt and 9 preferred stock.
10 Q. Which tables of Exhibit No. I have been expanded in Exhibit No. (HFC-1) 11 ?
12 A. Tables 1 through 7 and 2,4 have been expanded to include recorded data 13 for 1979 and 1980 (through September) where appropriate. These tables
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14 are included in Exhibit No. (HFC-1) as Tables 1A through 7A and 15 24A.
16 Q. What is shown on Tables 1 A and 2A?
17 ' A. Tables 1A and 2A reflect recorded 1979 construction expenditures, 18 refundings, and financings. The 1980-1983 estimates of construction 19 expenditures and financings have not been modified.
20- Q. . Why haven't the financing r-ojections f or the 1980-1983 period been 21 modified?'
-22 A. The Company has an urgent need for the rate relief which will-be the
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I subject of the decision in this case. The Commission notice setting the 2 date for the additional hearings limited the scope of the additional 3 hearings, apparently so the Commission can reach such a decision before 4 year-end 1980 with new rates to become effective January 1, 1981.
5 Therefore even though the Company currently estimates 1981-1982 financing 6 requirements will be hiaher than shown in Tables 1A and 2A, the Company 7 is limiting the financial changes i,n the updated forecasts to those 8 involving senior capital cost factors resulting from higher Interest rates 9 and rates applicable to preferred issues without changing the size of 10 financings, the target capital structure, or the required return on common 11 equity.
12 Q. What is shown on Table 3A of Exhibit No. (HFC-1) ?
13 A. Table 3 A shows the GNP Impilelt Price Deflator, the Consumer Price Index 14 (CPI),'and the Producer Price Index (PPI) for the 1969-1979 time period.
15 For the 1975-1979 period, the average annual trend rate of these price 16 change indicators ranged from 6.77% to 7.65%. This demonstrates a 17 persistent inflation rate of at least 7% per year over that period.
18 Q. What is your current projection of the GNP Implicit Price Deflator and 19 the CPI increases for 1980, 1981, and 19827 20 A. Based on the November 1980 forecast of the U.S. Economy prepared by Data 21 Resources, Inc., we project the GNP Impilcit Price Deflator to rise 22 approximately 9 5% in 1980, 10.2% in 1981 and 9.8% in 1982. We estimate 23 the CPI will increase 13 5% in 1980, and hopefully no more than an 24 additional 11.5% in 1981 and 10.0% in 1982. These indices indicate a high 25 basic inflation rate for the 1980-1982 period.
26 Q. What do Tables 4A, 5A, and 6A show?
27' A. . . Tables 4 A, 5A, and 6A set forth the . trends -in short-term money rates,
'28 utility long-term interest rates, and utility preferred stock yields
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HFC248.AB-01
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I recorded through September 1980. The cost of funds peaked in March 1980, 2 declined until June and then commenced to increase again. We project 3 that our final 1980 bond financing scheduled for mid-November in the 4 amount of $150 million will cost at least 14.5% and the cost of 1981 and 5 1982 bond issues will average at least 14% and 12%, respectively.
6 Costs for preferred and preference issues for 1981 and 1982 7 are expected to be slightly less. These costs are projected to be at 8 least 12% in 1981 and 11% in 1982.
9 Q. What do Tables 7A and 24A show?
10 A. Table 7A shows the recorded 1979 Imbedded costs of debt and preferred 11 stock and current estimates of the imbedded costs of debt and preferred 12 stock for 1980, 1981, and 1982 on both an average year and year-end basis.
13 Unless the Company's cost factors are applied and an adeouate attrition 14 allowance is authorized, we believe year-end imbedded costs should be 15 used.
16 Table 24A shows the weighted cost of capital using the current 17 estimates of both the year-end and averagc year imbedded costs. Excluding
~ 18 any provision for attrition, an 11.30% rate of return is required in 1981.
19 This return reflects a 15% return on equity, it should be realized that i 20 an 11 30% rate of return will provide interest coverage of only 2.67 21 times.
l 22 Q. What impact would the higher estimated 1982 Imbedded cost of senior l 23 capital have on a step attrition allowance?
24- A. -Assuming that the required return on common equity remained at 15%, the 25 rate of return on rate base authorized for test year 1981 would have to 26 be-increased for 1982 to provide for. financial attrition.resulting from 27 -increases in imbedded costs. If a step attrition allowance were adopted
.28 .using year-end-cost factors, the_ authorized-rate of return on rate base HFC248.AB 01
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I for 1982 would have to be at least 11.51%. It is estimated such a return 2 would only provide coverage of 2.6 times interest, if a step attrition 3 allowance were adopted using average cost factors, the authorized rate 4 of return on rate base for 1982 would have to be at least 11.40%. Such i
5 a return would only provide coverage of 2.64 times Interest, if such 6 coverage was calculated on an average year basis.
7 Q. Does this conclude your prepared testimony?
8 A. Yes, it does.
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Southern Cahtorrus Edison
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Application No. 59351 Exhibit No. (HFC-1) /3'f [
j Witness: H. Fred Christie '
B Date:
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SOUTHERN CALIFORNIA EDISON COMPANY t
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CURRENT FINANCIAL DATA i
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'Before the -
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PUBLIC UTILITIES C0'MMISS10N OF THE' STATE '0F CALIFORNI A {
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Rosemead, California
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November.1980 a
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Table 1A SCE FJNDS REQUIRED FOR CONSTRUCTION EXPENDITURES AND REFUNDING 5 Funds Required (millions)
Line Construction Millions Percent No. Year Refundings Expenditures Total Int ernal Ext e rna l Int ernal External (1) (2) (3) (4) (5) (6) (7) (5)
A. Recorded Period
- 1. 1974 $----- $320.7 $320.7 $140.2 $180.5 43.7% 56.3%
- 2. 1975 ----- 361.1 381.1 52.8 328.3 13.8 86.2
- 3. 1976 80.6 500.3 581.1 344.9 236.2 59.4 40.6
- 4. 1977 ----- 500.3 500.3 55.2 445.1 11.0 89.0
- 5. 1978 35.5 567.8 603.3 410.4 192.9 68.0 32.0
- 6. 1979 33.7 674.1 707.8 (37.6) 745.4 (5.3) 105.3
- 7. Total $150.0 $2,944.3 $3,094.3 $965.9 $2,128.4 ----- -----
- 8. Average 25.0 490.7 515.7 161.0 354.7 31. S '. 6 5. 2',
- 9. Percent 4.8% 95.2% 100.0% 31.2% 68.8% ----- -----
B. Forecast Period Without Rate Relief
- 10. 1980 $ 84.6 56 0.2 $754.S $ 85.9 $66S.9 11. 4 ', S S . 6',
- 11. 19S1 143.7 516.2 659.9 63.2 596.7 9.6 90.4
- 12. 1982 121.0 478.2 599.2 145.6 453.6 24.3 75.7
- 13. 1983 53.2 581.7 634.9 157.7 477.2 24.8 75.2
- 14. Total $402.5 $2,246.3 $2,648.8 $452.4 $2,196.4 ----- -----
- 15. Average 100.6 561.6 662.2 113.1 549.1 17. 5'. 8 2 . 5'.
- 16. Percent 15.2% 84 . 8', 100.0% 17.1% 82.9% ----- -----
C. Forecast Period With Rate Relief
- 17. 1980 $ 84.6 $670.2 $754.8 $ 85.9 $66S.9 11.4 'c S S . 6*.
IS. 19S1 143.7 516.2 659.9 263.8 396.1 40.0 60.0
- 19. 1982 121.0 478.; 599.2 257.4 34 1.8 43.0 57.0
- 20. 1983 53.2 581.7 6 34.9 412.5 ' 222.4 65.0 35.0
- 21. Total $402.5 $2,246.3 $2,648.8 $h019.6 $1,629.2 ----- -----
- 22. Average 100.6 561.6 662.2 254.9 407.3 39.9'. 60.1%
- 23. Percent 15.2% 84.8% 100.0% 38.5% 61.5% ----- -----
Sources: Annual Reports Plant Construction Budget and Ferecast, Second Quarter,1979
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11-3-80
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Table 2A SCE FINANCINGS (Millions)
Long-Tern ine Long-Te rm Preferred Common Short-Tern Total No. Year Debt Stock Stock Subtotal Investment Borrowings Change Financines (1) (2) (3) (4) (5) (6) (7) (6) (9)
A. Recorded Period 1, 1973 $ --- $ --- $ --- $ --- $ --- $ 92.5 $ --- $ ---
1974 222.5 50.0 67.2 339.7 66.7 ---
(159.2) 180.5 3
- 3. 1975 161.6 50.0 --- 211.6 --- 50.0 116.7 325.3
- 4. 1976 126.3 --- 123.9 250.2 --- 36.0 (14.0) 236.2
- 5. 1977 200.0 102.4 (a) 43,3(a) 345.7 --- 135.4 99.4 445.1 200.0 (14.5)(a) 203.3(a) 388.8 80.5 20.0 (195.9) 192.9
- 6. 1978
- 7. 1979 305.0 113.7 62.0 480.7 --- 204.2 264.7 74 5 .4
$1,215.4 $499.7 $2,016.7 $111.7 $2,125.4 Total $301.6 --- ---
8.
- 9. Average 202.6 50.3 83.3 336.1 --- --- IS.6 354.7
- 10. Percent 57.1% 14.2% 23.5% 94.8% --- --- 5.25 100.0'.
B. Forecast Period Without Rate Relief 11 19S0 $ 400.0 $231.0 $ 694.0 --- $179.1 $(25.1) $ 668.9 1951 300.0 $ 63.0 63.0((b) b) 220.8 583.8 --- 192.0 12.9 596.-
453.6
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'3. 1952 300.0 4 5.1(b) 155.0 500.1 --- 145.5 (46.5)
- 14. 19S3 300.0 50.0 120.0 470.0 --- 152.7 7.2 47 .2
- 15. Total $1,300.0 $221.1 $726.8 $ ,7,24 7. 9 --- ---
$(51.5) 52.196.4
- 16. Icerage 325.0 55.3 181.7 562.0 --- ---
(12.9) 549.1
- 17. Percent 59.2% 10.0% 33.1% 102.3% --- ---
( 2. 3) 100.0".
Forecast Period With Rate Relief
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C.
IS. 1980 $ 400.0 $ 63.0(b) $231.0 $ 694.0 ---
$179.1 $(25.1) $ 665.9
- 19. 1981 300.0 63.0(b) 80.0 443.5 --- 132.5 (4 7. 4 ) 396.1
- 20. 1982 300.0 45.1(b) -85.3- 430.4 --- 43.9 (SS.6) 341.8
- 22. 1983 250.0 50.0 94.3 394.3 $128.0 ---
(171.9) 222.4
- 22. Total $1,250.0 $221.1 $491.1 31,962.2 --- --- $(333.0) $1,629.2
- 23. Average 312.5 55.3 122.8 490.6 - - - ---
(83. 3) 40 .3
- 24. Percent 76.7% 13.6% 30.1% 120.4% --- ---
(20.4)'. 100.0'.
(0)Cenvertible preference stock was converted to common stock; $19.6 million in 1977, and $14.5 million in 1978.
~b) Convertible preference stock is projected to be converted to common stock through 19S2; $12 million in 1979, 1980, and 1951; and $4.9 million in 19S2.
ces: Financial 6 Statistical Report, 1978 Financial Simulation, July, 1979
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Tabic 3A PRICE INDICES GNP 1mplicit Consumer Price Price Index Producer Line Deflator Percent United States Percent Price Index Percent No. Year (1969 = 100) Change (1969 = 100) Change (1969 = 100) Cl.ange (1) (2) (3) (4) (5) (6) (7)
- 1. 1969 100.00 -- 100.00 --
100.00 --
- 2. 1970 105.35 5.35% 105.92 5. 92'. 103.66 3. 66'.
3, 1971 110.72 5.10 110.47 4.30 106.95 3.17 i 4. 1972 115.31 4.15 114.12 3.30 111.83 4.56
- 5. 1973 122.00 5.80 121.22 6.22 126.48 13.10
- 6. 1974 133.79 9.66 134.52 10.97 150.33 1E.06
- 7. 1975 146.62 9.59 146.81 9.14 164.23 9.25
- 8. 1976 154.24 5.20 155.28 5.77 171.83 4.63
- 9. 1977 163.30 5.87 165.30 6.45 182.35 6.12
'10. 1978' 175.38 7.40 177.87(a) 7.60 196.53 7.78
- 11. 1979 190.80 8.79 195.27(a) 13.47 221.22 12.56 Average Annual Trend RLte(b)
- 12. 1970-1979 6.96% 7.32', 9.21%
- 13. 1970-1974 5.92 5.88 9.54
- 14. 1975-1979 6.77 7.65 7.57
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'(a) CPI revised in 1978; hence not directly comparable to prior years.
(b) Exponential Curve Fit (y = nebx)
Sources: Col . - 2, lines 1-11 : Survey of Current Business Cols. 4 and 6, lines 1-11: Monthly Labor Review, Bureau of Labor Statistics
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Table 4A SHORT-TERM MONEY RATr,s(a)
Commercial Banker's Treasury Line Paper Acceptance Bills No. Year Prime (a) 3-months (b) 90 Day 90 Day (c)
(1) (2) (3) (4) (5)
- 1. 1970 7.91% 7.72% 7.31% 6. 39 '.
- 2. 1971 5.72 5.11 4.85 4.33
- 3. 1972 5.25 4.69 4.47 4.07
- 4. 1973 8.03 8.15 8.08 7.03
- 5. 1974 10.81 9.87 9.92 7.84
- 6. 1975 7.86 6.33 6.30 5.80
- 7. 1976 6.84 5.35 5.19 4.9S
- 8. 1977 6.83 5.60 5.59 5.27
- 9. 1978 9.06 7.99 8.11 7.19
- 10. 1979 12.67 10.98 11.04 10.07
- 11. Average 8.10'. 7 .18 *. 7.09% 6. 3 0'.
1979 Monthly
- 12. January 11.75% 10.32% 10.29'. 9.35%
- 13. February 11.75 10.01 10.01 9.32
- 14. March 11.75 9.96 9.94 9.48
- 15. April 11,75 9.87 9.90 9.46
- 16. May 11.75 9.9S 9.98 9.61
- 17. June 11.65 9.71 9.79 9.06
- 18. July 11.54 9.82 9.99 9.24
- 19. August 11.91 10.39 10.62 9.52
- 20. September 12.90 11.60 11.70 10.26
- 21. October 14.39 13.23 13.44 11.70
- 22. November 15.55 13.57 13.53 11.79
- 23. December 15.30 13.24 13.31 12.04
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1980 Monthly
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24 . . January 15.25% 13.04% 13.15% 12.00'.
- 25. February 15.63 13.78 14.01 12.86
- 26. March 18.31 16.81 17.10 15.20
- 27. April 19.77 15.78 15.63 13.20
- 28. May 16.57 9.49 9.60 8.58
- 29. June 12.63 8.27 8.31 7.07
- 30. July 11.48 8.41 8.58 8.06
- 31. August 11.12 9.57 9.85 9.13
- 32. September 12.23 10.97 11.13 10.21
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. (a) Average.of daily effective rates.
(b) Prior to 11/79 the Federal Reserve reported 4-6 Month Commercial Paper which closely follows the 3-month rate.
(c) Average market yields.
Sources: Federal Reserve Bulletins Federal Reserve Statistical Release G-13.
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7able 5A LONG TER4 BOND YIELDS U . S . Go v e rnr.e r.t Moody's Public Utilities (a) Long-7 err Line Bond Rating Difference Differen;(
No. Year Aa A Baa A-Aa Baa-A Yield From AA (1) (2) (3) (4) (5) (6) (7) (8)
- 1. 1970 8. 5 2'. 8.69% 9 .18 '. .17 .49 6.865 ( 1. 66 ) *.
- 2. 1971 8.00 8.16 8.63 .16 .47 6.12 (1.85)
- 3. 1972 7.60 7.72 8.17 .12 .45 6.01 (1.59)
- 4. 1973 7.72 7.84 8.17 .12 .33 7.12 (0.60)
- 5. 1974 9.04 9.50 9.84 .46 .34 8.05 (0.99)
- 6. 1975 9.44 10.09 10.96 .65 .87 8.19 (1.25)
- 7. 1976 8.92 9.29 9.82 .37 .53 7.86 (1.06)
- 8. 1977 8.43 8.61 9.06 .18 .45 7.67 (0.76)
- 9. 1978 9.10 9.29 9.62 .19 .33 8.48 (0.62)
- 10. 1979 10.22 10.49 10.96 .27 .47 9.32 (0.90)
Averages
- 11. 1970-1979 8.70% 8.97% 9.44', .27 .47 7.57% ( 1.13) ',
- 12. 1975-1379 9.22 9.55 10.08 .33 .53 8.30 (0.92) 1979 Mon!hly Yields
- 13. January 9. 70'. 9. 9 0'e 10.29', .20 .39 8.98% (0.72)$
- 14. February 9.74 9.84 10.27 .10 .43 9.03 (0.71)
- 15. March 9.89 10.04 10.53 .15 .49 9.08 (0.81)
- 16. April 9.92 10.10 10.56 .18 .46 9.12 (0.80)
- 17. May 10.19 10.30 10.70 .11 .40 9.21 (0.98)
- 18. June 9.95 10.14 10.56 .19 .42 8.91 (1.04)
- 19. July 9.72 9.98 10.48 .26 .50 8.92 (0.80)
- 20. August 9.75 10.14 10.50 .39 .36 8.97 (0.78)
- 21. September 9.94 10.36 10.78 .42 .42 9.21 (0.73)
- 22. October 10.85 11.40 11.89 .55 .49 9.91 (0.94) 23 November 11.57 11.89 12.48 .32 .59 10.37 (1.20)
- 24. December 11.47 11.79 12.51 .32 .72 10.18 (1.29) 1980 Monthly Yields
- 25. January 11.95% 12.27% 12.92'. .32 .65 10.65% (1.30)1
- 26. February 13.19 13.55 14.42 .36 .87 12.21 (0.98)
- 27. March 14.09 14.65 15.26 .56 .61 12.49 (1.60) 28.. April 13.49 13.87 14.35 .38 .48 11.42 (2.07)
- 29. May 11.99 12.53 12.93 .54 .40 10.44 (1.55)
- 30. June 11.73 12.21 12.63 48 .42 9.89 (1.84)
- 31. July 11.96 12.26 12.75 .30 .49 10.32 (1.64)
- 32. August 12.73 12.96 13.50 .23 .54 11.07 (1.66)
- 33. September 13.18 13.43 14.07 .25 .64 11.47 (1.71)
(a) Yields are based on prices- for the last Friday of each month. Series began 1975.
Sources: Moody's Bond Record Moody's Public Utility Manual
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PREFERRED STOCK YIELDS Table BA Difference Line Moody's Ratinge (a) fror na No. Quart er as a bra __ a baa (1) (2) (3) (4) _ (5) (6) 1977
- 1. March 8.21% 8.75% 9.01% 0. 5 8 '. 0.80%
- 2. June 8.03 8.47 8.92 0.44 0.89
- 3. September 7.95 8.32 8.87 0.37 0.92
- 4. December 8.14 8.59 9.03 0.45 0.89
- 5. Average 8 .12'. 8.55% 8.93% 0. 4 3', 0. 81'.
1978
- 6. March 8. 35 '. F 79% 9. 34's 0. 4 4 '. 0.995
- 7. June 8.84 9.39 9.81 0.55 0 97
- 8. September 8.43 8.82 9.62 0.39 1.19
- 9. December 8.94 9.65 10.48 0.71 1.54
- 10. Average 8.59', 9 . 06'. 9.61' O.47% 1. 0 2'.
1979 - bbnthly January 9.615 10.42% 0 . 5 6', 1.37%
- 11. 9 . 05 *.
- 12. February 9.11 9.66 10.37 0.55 1.26
- 13. March 9.10 9.63 10.33 0.53 1.23
- 14. April 9.14 9.71 10.43 0.57 1.29
- 15. May 9.19 9.91 10.82 0.72 1.63
- 16. June 9.03 9.55 10.49 0.52 1.46
- 17. July 8.98 9.60 10.33 0.62 1.35
- 18. August 9.07 9.74 10.49 0.67 1,42
- 19. September 9.60 10 . 34 10.97 0.74 1.37
- 20. October 10.62 11.38 11.94 0.76 1.32
- 21. November 10.66 11.23 12.18 0.57 1.52
- 22. . December -10.86 11.49 12.75 0.63 1.89
- 23. Average 9.53% 10.15% 10.96*. 0.62% 1.435 1980 - Monthly
- 24. January 10.96% 11.79% 12.74% 0.83% 1. 78'.
-25. February 11.62 12.92 14.08 1.30 2.46
- 26. March 13.09 14.74 15.22 1.65 2.13
- 27. April 11,67 12.22 13.13 0.55 1.46
- 28. .May 10.80 .11.69 12.29 0.89 1.49
- 29. June 10.59 10'.97 12.05 0.38 1.46
- 30. July 10.98 11.49 12.32 0.51 1.34
- 31. August 11.47 12.15 13.05 0.68 1.58
- 32. September 12.02 12.92 13.76 0.90 1.74
- 33. Average (b) 11.47 12.32 13.18 0.85 1.72
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.(a) Yields are based on prices for the last Friday of each month. Series began 1975.
(b) Year-end, September, 1980.
Sources: Moody's Bond Record
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DE8T AND PREIT.RRED STDCK Long-Term Debt Preferred and Preference Stock I.ine Proceeds Annual Cost liffective Rate P roceeds Annual Dividends I.f fect ive Rate No. Year (000) '(000) Yea r-l'nd
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Averare, (000) (000) Year-End Average (1) (2) (3) (4) (5) (6) (?) (H) 19)
A. Recorded Period
- 1. 1975 $2,088,218 $128,030 6.13*. 6 . 0 2*. $602,106 $41,751 6.93% 6.82%
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- 2. .1976 2,130,512 136,899 6.43 6.28 602,106 41,751 6.93 6.93
- 3. 1977 2,328,243 152,795 6.56 h.50 704,431 49,985 7.10 7.02
- 4. 1978 2,490,007 171,067 6.87 6.72 690,257 49,230 7.13 7.12
- 5. 1979 2,756,831 204,154 7.41 7.14 805,0f>2 59,579 7.40 7.27
- 8. Forecast Period
- 6. 1980 $3,066,241 $258,515 8.43% 7. 9 2". $867,t>75 $67,955 7.83% 7.62%
- 7. 1981 3,222,453 289,655 8.99 8.71 930,288 76,331 8.21 8.02
- 8. 1982 3,399,430 320,032 9.41 9.20 975,062 81,57h 8.37 8.29 11-3-80
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Table 24A *
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WETCIITED AVERAGE C04T OF CAPITAL;
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Year-End After Tax Average Year After Tax Line Capital Cost Weighted Interest Cost Weighted Interest No. Ratio Factor Cost Coverage Factor Cost Cove rage _
(2) (3) (4) (5) (6) (7) (H)
A. Projected Rate of Retum with 15% Return on Common Equity Test Year 1980
- 1. l.ond-term Debt 47.00% 8. 4 3t, 3.96*. 7.924, 3.72%
- 2. Preferred Stock 13.00 7.83 1.02 7.62 .99
- 3. Senior Capital 60.00*. 8.30 4.98% 10.981. 7.85 4.71% 10.71%
- 4. Common Equity 40.00 15.00 6.00 43.96 15.00 6.00 43.72 ;
- 5. Total Equity 100.00*. 10.98*.
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2.77x 10.71*.
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2.HMx B. Test Year 1981
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- 6. Long-term Debt 47.00% 8.99*6 4 . 2 3*. 8.714. 4.09%
- 7. Preferred Stock 13.00 8.21 1.07 8.02 1.04
- 8. Senior Capital 60. 00T, 8.83 5. 30*. 11.30% 8.55 5.1 34, 11.13%
- 9. Common Equity 40.00 15.00 6.00 44.23 15.00 6.00 44.09
- 10. Total Equity 100.00 11.30*. 2.67x 11.13** 2.72x C. Test Year 1982
- 11. Iong-term Debt 4 7. 00t, 9.41% 4 . 4 2 *. 9.20% 4.32%
- 13. Preferred Stock 13.00 8.37 1.09 8.29 1.08 14 Senior Capital 60.00*. 9.18 5. 51 ". 11.51t, 9.00 5 . 4 0*, 11.405.
. 15. Common Equity 40.00 15.00 6.00 44.42 15.00 6.00 44.32
- 16. Total Equity 100.00*. 11.51*. 2.60x 11.40*. 2.0tx 11-3-80
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