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

0REGULATORY INFORMATION DISTRIBUTION SYSTEM(RIDS)ACCESSION NBR!7903190173 DOC~DATE!79/03/15NOTARIZED!

NODOCKET¹FACIL$50200ROBERTEMMETGINNANUCL'EARPLANTUNIT1gROCHESTER G-05000244AUTHsNAME AUTHORAFFILIATIONKOWBAiS~ROCHESTER GAS5ELECTRICCORP'ECIP~NAMERKCIPIENTAFFILIATION SALTZMANgJ ANTITRUST 8INDEMNITY GROUPSUBJECT!FORWARDSFINANCIAL'NFO TOSUPPORTGUARANTEE OFRETROSPECTIVE PREMIUMPAYMKNTSWHICHMIGHTBEREQUIREDUNDKRSECONDARY FINANCIAL PROTECTION SYS~SUMMARIES ACTUALCASHFLOWFOR19788PROJECTED CASHFLOWFOR1979'ISTRIBUTION CODE!M001SCOPIESRECEIVED!LTR

'+ENCL'SIZE!'ITLE!INSURANCE!

INDEMNITY/ENDORSEMENT AGREEMENTS e:,&-.ALJal/.P.-hlF0788-'4"NOTES!RECIPIENTIDCODE/NAME INTERNAL05DINITZ/ACTN EXTERNAL!

03LPDRCOPIESLTTRENCL11-1111RECIPIENTIDCODE/NAMK 02NRCPDRoeSOULES,V.

00NSICCOPIESLTTRENCL1111MARSO1979"TOTAL<NUMBEROF'-COPIES REQUIRED!

"LTTRENCL"'"6 Wt4)IIIt4~4I"4Iljk444Hl('WI'WWWM44e4 ROCHESTER GASANDELECTRICCORPORATION

~89EASTAVENUE,ROCHESTER, N.Y.I4649SSSSC$STEPHENKOWOAASSSSTAHT CONTROLLCR TCLCRHONC ARcAcoosTss546-2700March15,1979Mr.JeromeSaltzman, ChiefAntitrust.

&Indemnity GroupNuclearReactorRegulation NuclearEnergyCommission Washington, DC20555Re:DocketNo.50-244

DearMr.Saltzman:

EnclosedismaterialrequiredunderAlternative MethodNo.5tosupportaguarantee byRochester GasandElectricCorporation thatitcanpaytheretrospective premiumswhichmightberequiredundertheSecondary Finan-cialProtection system.Attachment Asummarizes theactualcashflowforthecalendaryear1978andtheprojected cashflowforthecalendaryear1979.Attachment Bisacertified financial statement coveringthethreemonthsendedDecember31,1978and12monthsendedDecember31,1978.Wedonotbelievethatitwouldbenecessary tocurtailanycapitalexpenditures ifaretrospective premiumhadtobepaid.However,iffuturecircumstances weresuchastoimpactcapitalexpenditures, weprobablywoulddelayupgrading distribution facilities whichwouldnothaveanimmediate impactonourservicestandards.

Verytrulyyours,StehenKobaEnclosures Attachment ARochester GasandElectricCorporation 1979CashFlowProjection forR.E.GinnaNuclearPowerStation(000's)NetIncomeAfterTaxesLessDividends PaidRetained.

EarningsAdjustments:

Depreciation andAmortization DeferredIncomeTaxesDeferred.

FuelCostsAllowance forFundsUsedDuringConstruction TotalAdjustments InternalCashFlowAverageQuarterly CashFlow1978Actua1$39,58624,946~1>,6%053739513,16297613517)257232121979Projected.

$45,058293030153755$39,1983001Percentage Ownership inallOperating NuclearUnitsMaximumTotalContingent Liability R.E.Ginna100.00fp410,000

~4IAAttachment BRochester Gasand.ElectricCorporation Statement ofIncome(000's)RevenueElectricGasSteamElectricsalestootherutilities ExpenseElectricand.steamfuelsPurchased.

electricity.

Purchased naturalgasOtheroperation Maintenance Totaloperation and.maintenance expenseDepreciation Taxes-local, stateand,otherFederalincometax-current-deferred.

Operating IncomeOtherIncomeand.Deductions Allowance forfundsusedduringconstruction OtherIncomebeforeInterestChargesInterestChargesLong-term debtShort-term debtOtherAllowance forborrowedfundsused.duringconstruction NetIncomeDividends onPreferred and.Preference StockEarningsApplicable toCommonStockThreeMonthsEndedDecember311978$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.December311978IherebycertifytheseFinancial Statements tobecorrecttothebestofmyknowledge andbelief.ROCHESTER GASANDELECTRICCORPORATION eenowa,ssxsTanConroller

.~go~(ig~g"REGULATOR NFORMATION DITRISUTION SYTEM{RIDS)DISTRIBUTION FORINCOMINGMATERIAL50-244REC:SALTZMANJNRCORG:I(USSIERRROCHESTER GAS8cELECDOCDATE:09/08/78DATERCVD'</12/7'DOCTYPE:

LETTERNOTARIZED:

NOCOPIESRECEIVED

SUBJECT:

LTRiENCLiFORWARDING SIGNEDCOPYOl=AMENDNO7TOINDEMNITY AGREEMENT NO.9"38INCLUDING NEWAMENDED"ARTICLEVIII(ASLISTED)BETWEENAPPLICANT ScATOMICENERGYCOMMISSlON.

,.PLANTNAME:REGINNA-UNITiREVIEWERINITIAL:XJMDISTRIBUTOR INITIAL:Qg~~~HHHHHHHHHHHI+~+~

DISTRIBUTION OFTIIISMATFRIALIASFOLLOWSINSURANCE:

INDEMNITY/ENDORSEMENT AGREEMENTS (DISTRIBUTION CODEMOOi),INTERNAL:

EXTERNAL:

-GFIL+W/ENCLDINFORACTION+wW/ENCL LPDR'SROCHESTEIRr NY+~lJ/ENCLTERA~~W/ENCL NSICu<W/ENCLACRSCATB~H~W/0ENCLNRCPDR+4<W/ENCL HJORDANk+W/ENCL DITRIBUTION:

LTR7SIZE'P+>P ENCL7CONTROLNBA:782500237

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