ML20206C802

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Forwards 1998 Annual Rept, for Alabama Power Co.Encls Contain Financial Statements for 1998,unaudited Financial Statements for Quarter Ending 990331 & Cash Flow Projections for 990101-991231
ML20206C802
Person / Time
Site: Farley  Southern Nuclear icon.png
Issue date: 04/26/1999
From: Williams P
ALABAMA POWER CO.
To:
NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
Shared Package
ML20206C807 List:
References
NUDOCS 9905030205
Download: ML20206C802 (1)


Text

g:

p .- . . . . gj 600 North 18th Street Post Office Box 2ti41 Birmingham. Alabama 35291 Tel 205.257.1000 April 26,1999 ALABAMA  !

POWER l U. S. Nuclear Regulatory Commission A 50UMERN COMPANY Attn: Document Control Desk Washington, D.C. 20555-0001 Joseph M. Farley Nuclear Plant -

Annual Submission Reports l

Re: Docket Nos: 50-348 l 50-364 l Ladies & Gentlemen:

Enclosed is the annual submission of Alabama Power Company with respect to the retrospective premium guarantee required under the Price Anderson Act, as amended, applicable to its Joseph M. Fariey Nuclear Plant. We have elected to satisfy this guarantee requirement by i submitting annual certified financial statements and cash projections, showing that a cash flow can be generated and would be available for payment of retrospective premiums up to

]

$20,000,000 within three months after submission of the statement. In this connection, enclosed ]

j are the following:

1. 1998 Annual Report which includes financial statements for the calendar year 1998, together with the report on such statements by Arthur Andersen & Co., independent public accountants;
2. Unaudited Financial Statements forthe quarter ended March 31,1999;
3. Cash Flow Projections for the period January 1,1999 through December 31,1999, showing that cash flow of $20,000,000 can be generated and would be available for payment of retrospective premiums within three months after submission of the statement. f Please acknowledge receipt of the enclosures by signing and retuming the enclosed .y 4 copy of this letter. I Very truly yours, tWW-)

Pamela R. illiams l Senior Corporate Specialist i PRW/ nj i Enclosures b O is tj 2 9905030205 990426 I PDR ADOCK 05000348 $

E PDR [