ML022130624
| ML022130624 | |
| Person / Time | |
|---|---|
| Site: | Prairie Island  |
| Issue date: | 07/24/2002 |
| From: | Nazar M Nuclear Management Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML022130624 (6) | |
Text
NMC Commtte to uclar Excel Comtted to Nuclear Nuclear Management Company, LLC Prairie Island Nuclear Generating Plant 1717 Wakonade Dr. East Welch MN 55089 July 24, 2002 10 CFR 140.21 Director of Nuclear Reactor Regulation U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, DC 20555 PRAIRIE ISLAND NUCLEAR GENERATING PLANT Docket No. 50-282 License No. DPR-42 50-306 DPR-60 Guarantee of Payment of Deferred Premiums Federal regulation 10 CFR 140.21 and item 154 of Regulatory Guide 10.1 Rev 4, requires 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 guidelines 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, acting as agent for Xcel Energy, is hereby submitting the required 2001 actual and 2002 projected cash flow statements for the Prairie Island Nuclear Generating Plant. The proprietary information is appropriately marked as provided by 10 CFR 2.790(b)(1), and with the required affidavit to support withholding the proprietary information from public disclosure.
As noted above, portions of the 2002 cash flow information are considered company confidential, and as such we request that it be withheld from public disclosure pursuant to 10 CFR 2.790(b)(1). The affidavit to support this request is provided as Attachment 1.
Proprietary and non-proprietary versions of the cash flow information are provided by and Attachment 3 respectively. Contains Proprietary Information
USNRC NUCLEAR MANAGEMENT COMPANY July 24, 2002 Page 2 of 2 If you have any questions with regard to this information, please call John Lentz at 612-215-5387 or Dale Vincent at 651-388-1121.
Mano K. Nazar Site Vice Preside Prairie Island Nu ar Generating Plant Attachments:
- 1.
Affidavit to Request Withholding of Proprietary Information from Public Disclosure
- 2.
2001 Actual Cash Flow and 2002 Projected Cash Flow (Proprietary Version)
- 3.
2001 Actual Cash Flow and 2002 Projected Cash Flow (Non-Proprietary Version) cc:
Regional Administrator-Ill, NRC Prairie Island NRR Project Manager, NRC Prairie Island Resident Inspector, NRC Minnesota Department of Commerce (without attachments)
Prairie Island Nuclear Generating Plant Attachment I Affidavit to Request Withholding of Proprietary Information from Public Disclosure
UNITED STATES NUCLEAR REGULATORY COMMISSION NUCLEAR MANAGEMENT COMPANY PRAIRIE ISLAND NUCLEAR GENERATING PLANT DOCKET Nos. 50-282 50-306 Request to Withhold Proprietary Information from Public Disclosure Nuclear Management Company, a Wisconsin corporation acting as agent for Xcel Energy, hereby requests that Attachment 2 to the letter entitled "Guarantee of Payment of Deferred Premiums" dated July 24, 2002, be withheld from public disclosure due to its proprietary nature. The details of this request are provided in the following affidavit:
AFFIDAVIT I, Mano K. Nazar, being duly sworn, depose and state as follows:
(1)
I am Site Vice President, Prairie Island Nuclear Generating Plant, Nuclear Management Company ("NMC") 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 2002 Projected Cash Flow that is included in Attachment 2 to NMCs July 24, 2002 letter to the NRC entitled "Guarantee of Payment of Deferred Premiums". Attachment 2, a one page document, has the words "Proprietary Information" on the bottom of the page.
(3)
In making this application for withholding of proprietary information of which it is the owner, Xcel Energy Company (formerly known as Northern States Power Company (NSP)) and NMC rely upon the exemption from disclosure set forth In the NRC regulation 10 CFR 2.790(b)(1) for confidential financial information.
(4)
Justification for the request for withholding from public disclosure is provided by addressing the five items identified In 10 CFR 2.790(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 2002 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.
NUCLEAR MANAGEMENT COMPANY, LLC By Mano K. Nazar
/
Site Vice Presider~
Prairie Island Nu ear Generating Plant State of County of On this~Y day of V
Qbefore me a notary public acting in said County, personally ap a
ano X. Nala), Site Vice President, Prairie Island Nuclear Generating Plant, and being first duly sworn acknowledged that he is authorized to execute this document on behalf of Nuclear Management Company, LLC, 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 Page 1 of 1 NORTHERN STATES POWER COMPANY MINNESOTA 2001 Actual Cash Flow and 2002 Projected Cash Flow Related to Prospective Premiums for Monticello, Prairie Island I and Prairie Island II Nuclear Generating Units (Dollars in Thousands) 2001 2002 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 Percentage Ownership in All Operating Nuclear Units 207,865 (167,237) 40,628 400,646 2,368 4,898 407,912 448,540 112,135 Monticello Prairie Island I Prairie Island II Withheld from public disclosure per Affidavit 100%
100%
100%
Maximum Total Contingent Liability for Secondary Financial Protection
$264,285,000/accident
$ 30,000,000 maximum payment/year Cash and Banking John Lentz 4/30/2002 NON-PROPRIETARY VERSION