ML20136D954

Advises That Financial Info Submitted for 1985 in Satisfies Requirements of 10CFR140.21

ML20136D954
Person / Time
Site:	Oconee, Mcguire, Catawba, McGuire, 05000000
Issue date:	12/30/1985
From:	Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP)
To:	Tucker H DUKE POWER CO.
References
NUDOCS 8601060343
Download: ML20136D954 (2)

Text

. .. .

i DEC 3 01985 i

Mr. Hal B. Tucker, Vice President Nuclear Production Duke Power Company P. O. Box 33189-Charlotte, North Carolina 28242

Dear Mr. Tucker:

We have reviewed the financial information submitted for 1985 in your letter of October 17, 1985 and conclude that it satisfies the require-ments of Section 140.21 of 10 CFR Part 140 that each licensee maintain an approved guarantee of payment of deferred premiums for each operating reactor over 100 Mw(e) that it owns in whole or in part.

Sincerely, ori naned Er

' b.

Jerome Saltzman, Assistant Director State and Licensee Relations Office of State Programs Distribution:

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Duka pot;r Corpcny Internal Cash Flow Frojection for Oconee, McGuire and Catawba (Dollars in Thousands)

.Ju.se 1985 1985 Year 1984 Year Year-To-Date Projected Actual Total Actual Total Total Net Income After Taxes $461,331 $228,700 $ (C)

Less Dividends Paid 304,577 156,034 (C)

Retained Earnings 156,754 72,666 (C)

Adjustments:

Depreciation and Amortization (A) 469,711- 236,644 499,000 Deferred Income Taxes and Investment Tax Credits (Net) 103,800 83,328 131,000 Allowance for Funds Used During Construction (B) (98,711) (35,129) (63,000)

Total Adjustments 474,800 284,843 567,000 Internal Cash Flow $631,554 $357,509 $ (C)

Average- Quarterly Cash Flow $157,889 $178,755 P Percentage Ownership in All Operating Nuclear Units: Oconee 1 100%

Oconee 2 100%

Oconee 3 100%

McGuire 1 100%

McGuire 2 100%

Catawba 1 12.5%

Maximum Total Contingent Liability: $60 million (A) Includes nuclear fuel amortization.

(B) Equity component only.

(C) Not available.