L-PI-04-032, Plants - Guarantee of Payment of Deferred Premiums
| ML040980023 | |
| Person / Time | |
|---|---|
| Site: | Monticello, Prairie Island  |
| Issue date: | 03/29/2004 |
| From: | Weinkam E Nuclear Management Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| L-PI-04-032, RG-10.001, RG-9.004 | |
| Download: ML040980023 (5) | |
Text
Committed to Nu ear Exc Nuclear Management Company, LLC March 29, 2004 L-PI-04-032 10 CFR 140.21 U S Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555 Monticello Nuclear Prairie Island Nuclear Generating Plant Generating Plant Units 1 and 2 Docket 50-263 Dockets 50-282 and 50-306 License No. DPR-22 License Nos. DPR-42 and DPR-60 Guarantee Of Payment Of Deferred Premiums Title 10 CFR 140.21 and item 154 of Regulatory Guide 10.1 Rev 4 require each licensee to provide evidence of maintaining a method to guarantee payment of deferred premiums for each licensed operating reactor. Regulatory Guide 9.4 provides guidance for the guarantee method of submitting financial statements showing that a cash flow can be generated and would be available for payment of retrospective premiums within three months after submission of a request for payment.
In accordance with the above requirements, the Nuclear Management Company, LLC (NMC) acting as agent for Xcel Energy, is hereby submitting the required 2003 actual and 2004 projected cash flow statements for the Monticello Nuclear Generating Plant and Prairie Island Nuclear Generating Plant Units 1 and 2. The 2004 projected cash flow is considered proprietary information, is appropriately marked as provided by 10 CFR 2.390(b)(1)(i) and supported with the attached required affidavit for withholding proprietary information from public disclosure.
As noted above, the 2004 cash flow information is considered company confidential, and as such NMC requests that it be withheld from public disclosure pursuant to 10 CFR 2.390(a)(4). The competitive position of the information owner, Xcel Energy, would be harmed if disclosed. The affidavit to support this request is provided as. Enclosure 2 and Enclosure 3 provide proprietary and non-proprietary versions of the cash flow information respectively.
I Contains Proprietary Information 700 First Street. Hudson, Wisconsin 54016 Telephone: 715.377.3300
Document Control Desk L-PI-04-032 Page 2 Summary of Commitments This letter contains no new commitments and no revisions to existing commitments.
wardJ.
einkam Director: Jgulatory Services Nuclear Management Company, LLC Enclosures (3) cc: Administrator, Region 111, USNRC Project Manager, Monticello Nuclear Generating Plant, Prairie Island Nuclear Generating Plant Units 1 and 2, USNRC Senior Resident Inspector, Monticello Nuclear Generating Plant, Prairie Island Nuclear Generating Plant Units 1 and 2, USNRC Minnesota Department of Commerce (without enclosures)
I Contains Proprietary Information
UNITED STATES NUCLEAR REGULATORY COMMISSION XCEL ENERGY MONTICELLO NUCLEAR GENERATING PLANT DOCKET No.
50-263 PRAIRIE ISLAND NUCLEAR GENERATING PLANT DOCKET Nos. 50-282 50-306 Request to Withhold Proprietary Information from Public Disclosure Xcel Energy hereby requests that Enclosure 2 to the letter entitled "Guarantee of Payment of Deferred Premiums" dated March 29, 2004, be withheld from public disclosure due to its proprietary nature. The details of this request are provided in the following affidavit:
AFFIDAVIT I, Charles R. Bomberger, being duly sworn, depose and state as follows:
(1)
I am the General Manager, Nuclear Asset Management for the two nuclear generating plants owned by Northern States Power Company d/b/a Xcel Energy and have been delegated the function of reviewing the information described in paragraph (2) which is sought to be withheld, and have been authorized to apply for its withholding.
(2)
The information sought to be withheld consists of portions of the 2004 Projected Cash Flow that is included in Enclosure 2 to the Nuclear Management Company (NMC) March 29, 2004 letter to the NRC entitled "Guarantee Of Payment Of Deferred Premiums". Enclosure 2, a one page document, has the words "Proprietary" on the top of the page and "NSP Proprietary Information" on the bottom of the page.
(3)
The information sought to be withheld is confidential financial information as set forth in 10 CFR 2.390 (a)(4) which is the basis for proposing the information be withheld.
(4)
Disclosure of the information sought to be withheld would result in harm to the competitive position of Xcel Energy.
(5)
In making this application for withholding of proprietary information of which it is the owner, Xcel Energy and NMC rely upon the exemption from disclosure set forth In the NRC regulation 10 CFR 2.390(b)(1) for confidential financial information.
(6)
Justification for the request for withholding from public disclosure is provided by addressing the five items identified in 10 CFR 2.390(b)(4).
To the best of my knowledge and belief:
- a.
This information is considered company confidential and has been held in confidence by Xcel Energy and NMC.
- b.
This information is of the type customarily held in confidence by Xcel Energy and NMC and the rationale basis is that it would provide an unfair advantage to competitors if it were disclosed.
- c.
This information is transmitted in confidence to the NRC and the purpose of this request is to maintain its confidentiality.
- d.
The 2004 projected cash flow information is not available from public sources.
- e.
Public disclosure of the information sought to be withheld is likely to cause harm to Xcel Energy's and NMCs competitive position and reduce the availability of profit-making opportunities.
This letter contains no restricted or other defense information.
XCEL ENERGY By c
Ho Charles R. Bomberger General Manager, Nuclear Asset Management, Xcel Energy Monticello Nuclear Generating Plant Prairie Island Nuclear Generating Plant State of ri riet6+
County of _e_
_g___l On this Z5... day of fndA01Q BeL before me a notary public acting in said County, personally appeared Charles R. Bomberger, General Manager, Nuclear Asset Management, for Monticello Nuclear Generating Plant and Prairie Island Nuclear Generating Plant, and being first duly sworn acknowledged that he is authorized to execute this document on behalf of Xcel Energy, that he knows the contents thereof, and that to the best of his knowledge, information, and belief the statements made in it are true.
/.
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I WWV.M0BS0 Page 1 of 1 NORTHERN STATES POWER COMPANY MINNESOTA 2003 Actual Cash Flow and 2004 Projected Cash Flow Related to Prospective Premiums for Monticello, Prairie Island Unit 1 and Prairie Island Unit 2 Nuclear Generating Units (Dollars in Thousands) 2003 2004 Actual Projected Total Total Net Income After Taxes Less Dividends Paid Retained Earnings Adjustments:
Depreciation Deferred Income Taxes &
Investment Tax Credits Allowance for Funds Used During Construction Total Adjustments Internal Cash Flow Average Quarterly Cash Flow 192,942 (212.648)
(19,706) 406,825 (5,804)
(12,674) 388,347 Withheld from public disclosure per Affidavit 92A16 Percentage Ownership in All Operating Nuclear Units Monticello Prairie Island Unit 1 Prairie Island Unit 2 100%
100%
100%
Maximum Total Contingent Liability for Secondary Financial Protection
$301,770,000/accident
$ 30,000,000 maximum paymentlyear Director, Cash Management Eric V. Gray 3/15/2004 NON-PROPRIETARY VERSION