ML20055A369
| ML20055A369 | |
| Person / Time | |
|---|---|
| Site: |  |
| Issue date: | 07/06/1982 |
| From: | Gary R TEXAS UTILITIES ELECTRIC CO. (TU ELECTRIC) |
| To: | Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML20055A370 | List: |
| References | |
| TXX-3533, NUDOCS 8207160218 | |
| Download: ML20055A369 (6) | |
Text
TENAS UTILITIES GENERATING COMinNY Log # TXX-3533 2mi mim rowen o^a^r< tex ^s tr>2oi Fi1e # 10045 R. J. GARY July 6, 1982 "l::'a'.;7'.;". :::'
Di rector Office of Nuclear Reactor Regulation U. S. Nuclear Regulatory Commission Washington, D.C. 20555 ATTN: Document Control Desk
SUBJECT:
COMANCHE PEAK STEAM ELECTRIC STATION DOCKET NOS. 50-445 AND 50-446 ANNUAL FINANCIAL REPORTS
Dear Sir:
Pursuant to 10CFR50.71(b), 10 copies of the 1981 Annual Reports of the Applicants (0wners) of the captioned facilities are hereby submitted.
1 Respectfully submitted, R. J. Gary RJG: tis Enclosure (s) l 'go F L9 8207160218 820706 PDR I
ADOCK 05000445 PDR
TEX-LA ELECTRIC COOPERATIVE OF TEXAS, INC.
FINANCIAL STATEMENTS DECEMBER 31, 1981 i
e K N UCKOLS AN D DUVALL A PROFESSIONAL CORPOR ATION be/<fo/hbll>.Pbaanlan/J P. O. BOX 1315 PHON E 9380331 MARSHALL, TEXAS 75670 May 10, 1982 Board of Directors Tex-La Electric Cooperative of Texas, Inc.
San Augustine, Texas Gentlemen:
The following financial statements of Tex-La Electric Cooperative of Texas, Inc. , as of December 31, 1981, are presented for your review:
hibit A - Balance Sheet as of December 31, 1981 Exhibit B - Income Statement for the year ended December 31, 1981 We are not in a position to express an opinion on the accompanying financial statements in our capacity as certified public accountants since we are actually performing certain responsibilities and duti,s as your agent which prohibits our rendering an opinion on our own work.
If you have any questions in connection with this report, please advise.
Yours very truly, 101UCKOLS AND DUVALL Yad W52-**
Ce'rtified Public Accountants et D.g
TEX-LA ELECTRIC COOPERATIVE OF TEXAS, INC. EXHIBIT A BALANCE SHEET AS OF DECEMBER 31, 1981 i.
ASSETS PLANT AND EQUIPMENT:
Furniture and Fixtures 3 111 Construction Work in Progress (Note 1) 120 996 489 120 999 600 Less: Accumulated Depreciation 471 Total Plant and Equipment 120 999 129 CURRENT ASSETS:
Cash - General 74 956 Cash Day Certificate of Deposit Earning Interest at 13.5% 175 000 Accounts Receivable - Sam Rayburn G & T 7 111 Accounts Receivable - Other Cooperatives 35 402 Prepaid Insurance 3 363 Total Current Assets 295 832 Total Assets 121 294 961 LIABILITIES EQUITIES AND MARGINS:
Memberships 700
! Margin - Inception through December 31, 1981 160 161 Total Equities and Margins 160 861 LONG TERM DEBT:
CFC Intermediate Term Loan 121 072 540 I CURRENT LIABILITIES:
Accounts Payable 59 862
, Payroll Taxes Payable 1 698 l
Total Current Liabilities 61 560 t Total Liabilities 121 294 961 l
1
- See Accountants' Disclaimer -
l l
2
TEX-LA ELECTRIC COOPERATIVE OF TEXAS, INC. EXIIIBIT B INCOME STATEMENT FROM INCEPTION THROUGI! DECEMBER 31, 1981 IECOME:
Professional Fee Assessments 564 027 Interest Income - Temporary Cash Investments 28 441 Tctal Income 592 468 EXPENSES:
Salaries 76 141 Payroll Taxes 4 461 Accounting Fees 30 049 Auto Expense 7 807 Engineering Fees -
87 468 Legal and Court Reporting Fees 224 303 Management Fees 2 500 Directors' Fees 14 484 Meeting Expenses 2 463 Office Expenses 14 518 Employee Travel 13 827 Depreciation 471 Dues and Memberships 1 674 Insurance Expense 3 351 Printing Expense 6 312 Employee Benefits 8 598 Total 498 427 Less: Office Expenses Reimbursed by Sam Rayburn G & T (66 120)
Total Expenses 432 307 l Net Margin (Deficit) 160 161
- See Accountants' Disclaimer -
TEX-LA ELECTRIC COOPERATIVE OF TEXAS, INC.
NOTES TO THE FINANCIAL STATEMENT
- 1. Construction Work in Progress The amount reflected as Construction Work in Progress consists of the following amounts paid in connection with construction of the Comanche Peak Project:
NRUCFC Advances for Construction through December 31, 1981 102 215 273 NRUCFC Advances for Interim Interest through December 31, 1981 19 257 267 ,
Legal and Engineering Fees through December 31, 1981, which are associated with construction of Comanche Peak 357 187 Sub Total 121 829 727 Less: Refund of Sales Taxes Paid on Construction Materials (599 005)
Refunds Received Relative to the Westinghouse Uranium settlement (234 233)
Not Construction Work in Progress 120 996 489
- 2. The CFC Intermediate Term Loan balance at Eccember 31, 1981, is reconciled as follows:
Gross Advances for Construction 102 215 273 Gross Advances for Interim Interest 19 257 267 Working Capital Advance 100 000 Sub Total 121 572 540 Iess: . Amount Repaid from Sales Tax Refund (500 000)
Note Payable - CFC 121 072 540
- See Accountants' Disclaimer -