ML033300118
| ML033300118 | |
| Person / Time | |
|---|---|
| Site: | Oyster Creek, Clinton, Crane |
| Issue date: | 11/17/2003 |
| From: | Hilzinger M AmerGen Energy Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| 2130-03-20295, 5928-03-20231 | |
| Download: ML033300118 (2) | |
Text
AmerGen A PECO Energy/British Energy Company AmerGen Energy Company, LLC 965 Chesterbrook Blvd, 63C-3 Wayne, PA 19087-5691 Telephone: 610 640 6600 Fax: 610 640 6611 10 CFR 140.21 2130-03-20295 5928-03-20231 November 17, 2003 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001 Clinton Power Station Facility Operating License No. NPF-62 NRC Docket No. 50-461 Oyster Creek Generating Station Facility Operating License No. DPR-1 6 NRC Docket No. 50-219 Three Mile Island, Unit 1 Facility Operating License No. DPR-50 NRC Docket No. 50-289
Subject:
2003 Annual Report - Guarantees of Payment of Deferred Premiums Pursuant to 10 CFR 140.21, 'Ucensee guarantees of payment of deferred premiums,' AmerGen Energy Company, LLC, is providing evidence that we maintain a guarantee of payment of deferred premiums in the amount of $10 million for each of our three reactors. This information is required to be submitted annually on the anniversary date on which the indemnity agreement is effective for each of our reactors.
The AmerGen Energy Company, LLC, unaudited internal cash flow projections are contained in Attachment 1. The ending cash balance could be drawn on to raise the $30 million needed to provide for our payment of retrospective premiums.
If you have any questions about this letter, please contact T. Loomis at (610)765-5510.
Respectfully, VP & Corporate Controller AmerGen Energy Company, LLC Attachments cc:
Regional Administrator-NRC Region I Regional Administrator - NRC Region IlIl NRC Senior Resident Inspector-Clinton Power Station NRC Senior Resident Inspector - Oyster Creek Generating Station NRC Senior Resident Inspector - Three Mile Island, Unit 1
ATTACHMENT 1 AmerGen Energy Company 2003 Internal Cash Flow Projection (Dollars In Thousands) 2002 Actual 2003 Projected Net Income After Taxes Less Dividends Paid 161,030 0
S 696,522 0
Earnings 161,030 5
696,522 Adjustments Depreciation and Amortization 104,695 S
99,123 Deferred Income Taxes and Investment Tax Credits 5,433 S
2,221 Cumulative Effect of Change in Accounting Principle (43,398)
(548,351)
AFUDC 0
0 Adjustments S
66,730 (447,007)
Internal Cash Flow S
227,760 249,515 62,379 Average Quarterly Cash Flow S
56,940 Percentage Ownership Clinton Power Station Oyster Creek Nuclear Generating Station Three Mile Island, Unit 1 100%
100%
100%
Maximum Total Contingent LUability
$30M Footnote:
Cumulative effect of change in Accounting Principle due to implementation of FASB 143 Certification AmerGen has sufficient cash flow to ensure that its obligations top ferredpremiums under 10 CFR Part 140 will be met.
Certified By:
aatthe F ilzioer t
ATOP & C ate ontroller en