ML20135C715

Forwards Cash Flow Projection & Certification to Satisfy Guarantee of Payment of Retrospective Premiums as Required by Regulation,Per Requirements of 10CFR140.21

ML20135C715
Person / Time
Site:	Callaway
Issue date:	02/19/1997
From:	Schnell D UNION ELECTRIC CO.
To:	Dinitz I NRC (Affiliation Not Assigned)
References
ULNRC-3537, NUDOCS 9703040229
Download: ML20135C715 (3)

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UmoN rebruary 19, 1997 f" 8 Etsenue Mr. 1ra Dinitz i,,,,,",,'(,, ;.[,fl[,f,'.

' 23 Policy Development and Technical Support Branch Program Management, Policy Development and Analysis Staff  :

Office of Nuclear Reactor Regulation i U.S. Nuclear Regulation Commission {

Washington, DC 20555  ;

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Dear Mr. Dinitz:

ULNRC-3537 DOCKET NUMBER 50-483 CALLAWAY PLANT GUARANTEE OF PAYMENT OF RETROSPECTIVE PREMIUMS 10 CFR 140.21 Pursuant to the requirements of 10 CFR 3 40.21, Union Electric Company hereby transmits the attached' cash flow projection and certification to satisfy the guarantee, of payment of retrospective premiums as i required by this regulation. This statement covers 1996 )

(actual) and 1997 (estimate) and shows that, if I necessary, our cash flow would adequately cover payment of retrospective premiums within three months after j submission of a statement.  ;

It is Union Electric's intent to continue to make this report on an annual calendar year basis. A follow-up report, covering actual data for 1997 and projecting calendar year 1998, will be submitted by April 30, 1998.

If there are any questions, please contact us.

Very truly yours, 9703040229 970219 PDR ADOCK 05000483

$ A J PDR m Donald F. Schnell I

WBM/jdg l Attachment h '

040057 ElppBPPPPPM

l 1997 Internal Cash Flow Projection for  ;

Union Electric Company Nuclear Power Station (Do!!ars in thousands) 1996 Actual _ 1997 Projected i

$304,900 $330,600 Net income after Taxes Less: Dividends Paid (269,300) (269.200) l

$35,600 $61,400 Retained Earnings Adiustments:

$269,500 $279,800 l Depreciation and Amortization (1,200) (9,300)

Deferred Taxes Allowance for Funds Used During Construction (13,500) (11,600) 0 0 Post Retirement Benefit Accrual Net Changes in Assets and Liam .lities 45.000 (54.500)

$299,800 $204.400 Total Adjustments

$265,800 Internal Cash Flow M i

$83.850 $66.450 Average Quarterly Cash Flow Percentage Ownership in all Operating Nuclear Units Callaway 100%

Yearly Maximum Total Contingent Liability $29.400 I, Donald E. Brandt, Senior Vice President - Finance & Corporate Services, am the l

principal accounting officer of Union Electric Company ( *the Company * ) and hereby certify that the aforesaid 1997 internal cash flow projection was prepared under my direction and supervision and that it is correct and accurate to the best of my knowledge, information j

and belief.  !

l Date l D ,

l C Donald E. Brandt j l

1 1 . .

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! cc: M. H. Fletcher Professional Nuclear Consulting, Inc.

19041 Raines Drive l

Derwood, MD 20855-2432 i

Regional Administrator U.S. Nuclear Regulatory Commission Region IV 611 Ryan Plaza Drive

Suite 400 l

Arlington, TX 76011-8064 Senior Resident Inspector

]

Callaway Resident Office 1 U.S. Nuclear Regulatory Commission '

l 8201-NRC Road t Stendman, MO 65077 j Kristine M. Thomas (2)

Office of Nuclear Reactor Regulation U.S. Nuclear Regulatory Ccmmission i 1 White Flint, North, Mail Stop 13E16 f 11555 Rockville Pike 1 Rockville, MD 20852-2738 ]

Manager, Electric Department i Missouri Public Service Commission  !

P.O. Box 360 Jefferson City, MO 65102 g~ Ur S.-Nuclear, Regulatory Commission ,

I Attn: Document" Control Desk Mail Station F1-137 Washington, DC 20555-0001 l

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