ML17244A408

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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 Constellation icon.png
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

0REGULATORYINFORMATIONDISTRIBUTIONSYSTEM(RIDS)ACCESSIONNBR!7903190173DOC~DATE!79/03/15NOTARIZED!NODOCKET¹FACIL$50200ROBERTEMMETGINNANUCL'EARPLANTUNIT1gROCHESTERG-05000244AUTHsNAMEAUTHORAFFILIATIONKOWBAiS~ROCHESTERGAS5ELECTRICCORP'ECIP~NAMERKCIPIENTAFFILIATIONSALTZMANgJANTITRUST8INDEMNITYGROUPSUBJECT!FORWARDSFINANCIAL'NFOTOSUPPORTGUARANTEEOFRETROSPECTIVEPREMIUMPAYMKNTSWHICHMIGHTBEREQUIREDUNDKRSECONDARYFINANCIALPROTECTIONSYS~SUMMARIESACTUALCASHFLOWFOR19788PROJECTEDCASHFLOWFOR1979'ISTRIBUTIONCODE!M001SCOPIESRECEIVED!LTR'+ENCL'SIZE!'ITLE!INSURANCE!INDEMNITY/ENDORSEMENTAGREEMENTSe:,&-.ALJal/.P.-hlF0788-'4"NOTES!RECIPIENTIDCODE/NAMEINTERNAL05DINITZ/ACTNEXTERNAL!03LPDRCOPIESLTTRENCL11-1111RECIPIENTIDCODE/NAMK02NRCPDRoeSOULES,V.00NSICCOPIESLTTRENCL1111MARSO1979"TOTAL<NUMBEROF'-COPIESREQUIRED!"LTTRENCL"'"6 Wt4)IIIt4~4I"4Iljk444Hl('WI'WWWM44e4 ROCHESTERGASANDELECTRICCORPORATION~89EASTAVENUE,ROCHESTER,N.Y.I4649SSSSC$STEPHENKOWOAASSSSTAHTCONTROLLCRTCLCRHONCARcAcoosTss546-2700March15,1979Mr.JeromeSaltzman,ChiefAntitrust.&IndemnityGroupNuclearReactorRegulationNuclearEnergyCommissionWashington,DC20555Re:DocketNo.50-244

DearMr.Saltzman:

EnclosedismaterialrequiredunderAlternativeMethodNo.5tosupportaguaranteebyRochesterGasandElectricCorporationthatitcanpaytheretrospectivepremiumswhichmightberequiredundertheSecondaryFinan-cialProtectionsystem.AttachmentAsummarizestheactualcashflowforthecalendaryear1978andtheprojectedcashflowforthecalendaryear1979.AttachmentBisacertifiedfinancialstatementcoveringthethreemonthsendedDecember31,1978and12monthsendedDecember31,1978.Wedonotbelievethatitwouldbenecessarytocurtailanycapitalexpendituresifaretrospectivepremiumhadtobepaid.However,iffuturecircumstancesweresuchastoimpactcapitalexpenditures,weprobablywoulddelayupgradingdistributionfacilitieswhichwouldnothaveanimmediateimpactonourservicestandards.Verytrulyyours,StehenKobaEnclosures AttachmentARochesterGasandElectricCorporation1979CashFlowProjectionforR.E.GinnaNuclearPowerStation(000's)NetIncomeAfterTaxesLessDividendsPaidRetained.EarningsAdjustments:DepreciationandAmortizationDeferredIncomeTaxesDeferred.FuelCostsAllowanceforFundsUsedDuringConstructionTotalAdjustmentsInternalCashFlowAverageQuarterlyCashFlow1978Actua1$39,58624,946~1>,6%053739513,16297613517)257232121979Projected.$45,058293030153755$39,1983001PercentageOwnershipinallOperatingNuclearUnitsMaximumTotalContingentLiabilityR.E.Ginna100.00fp410,000

~4IAAttachmentBRochesterGasand.ElectricCorporationStatementofIncome(000's)RevenueElectricGasSteamElectricsalestootherutilitiesExpenseElectricand.steamfuelsPurchased.electricity.PurchasednaturalgasOtheroperationMaintenanceTotaloperationand.maintenanceexpenseDepreciationTaxes-local,stateand,otherFederalincometax-current-deferred.OperatingIncomeOtherIncomeand.DeductionsAllowanceforfundsusedduringconstructionOtherIncomebeforeInterestChargesInterestChargesLong-termdebtShort-termdebtOtherAllowanceforborrowedfundsused.duringconstructionNetIncomeDividendsonPreferredand.PreferenceStockEarningsApplicabletoCommonStockThreeMonthsEndedDecember311978$48,45229,5784545~2,575~79>92531115>1573,26821,516175495715264,588565111,138(2,406)48748,466253332040j3731258396,492518ill(1370)557517,0881419~5,669$202,631118,531191103330,27228676m3W9m58,14019533771510965,68526246240,51722,20645,9355,166~587531959949,2498,705441813512362,37225,5941,588416(4812)225739,5865678~33908YearEnded.December311978IherebycertifytheseFinancialStatementstobecorrecttothebestofmyknowledgeandbelief.ROCHESTERGASANDELECTRICCORPORATIONeenowa,ssxsTanConroller

.~go~(ig~g"REGULATORNFORMATIONDITRISUTIONSYTEM{RIDS)DISTRIBUTIONFORINCOMINGMATERIAL50-244REC:SALTZMANJNRCORG:I(USSIERRROCHESTERGAS8cELECDOCDATE:09/08/78DATERCVD'</12/7'DOCTYPE:LETTERNOTARIZED:NOCOPIESRECEIVED

SUBJECT:

LTRiENCLiFORWARDINGSIGNEDCOPYOl=AMENDNO7TOINDEMNITYAGREEMENTNO.9"38INCLUDINGNEWAMENDED"ARTICLEVIII(ASLISTED)BETWEENAPPLICANTScATOMICENERGYCOMMISSlON.,.PLANTNAME:REGINNA-UNITiREVIEWERINITIAL:XJMDISTRIBUTORINITIAL:Qg~~~HHHHHHHHHHHI+~+~DISTRIBUTIONOFTIIISMATFRIALIASFOLLOWSINSURANCE:INDEMNITY/ENDORSEMENTAGREEMENTS(DISTRIBUTIONCODEMOOi),INTERNAL:EXTERNAL:-GFIL+W/ENCLDINFORACTION+wW/ENCLLPDR'SROCHESTEIRrNY+~lJ/ENCLTERA~~W/ENCLNSICu<W/ENCLACRSCATB~H~W/0ENCLNRCPDR+4<W/ENCLHJORDANk+W/ENCLDITRIBUTION:LTR7SIZE'P+>PENCL7CONTROLNBA:782500237%WSl%%MHHHa-004~3l%k%%%%%%%%%%%%%%%8f>Hf%THEEND 0M!,>~c1