ML20050B397
| ML20050B397 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley |
| Issue date: | 03/31/1982 |
| From: | Christner R DUQUESNE LIGHT CO. |
| To: | Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP) |
| References | |
| NUDOCS 8204050286 | |
| Download: ML20050B397 (3) | |
Text
Wa fer T. Wardnnske g
General Attorney Ibchard S. Chri61ner j
La R.
a e Corpoeate Attorney
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435 Sixth Avenue rney Pittsburgh, Pennsylvania 6f Sentor Attorney "uM=',
0*7to Writer's DIRECT DIAL Number:
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^'A 456-6122 c t orney g#@N March 31, 1982 g
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DEC,EPMD b
APR 021982*h U. S. Nuclear Regulatory Commission mm.
Washington, D. C.
20555 auemmnam C
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Attention:
Mr. Jerome Saltzman, Assistant Director State and Licensing Relations
/ #_.
N Office of State Programs, Nuclear Reactor Regulation Re:
Beaver Valley Power Station Unit No. 1 - Docket No. 50-334 Gentlemen:
In connection with the annual submittal to the Nuclear Regulatory Commission of financial data in support of Duquesne Light Company's guarantee of retrospective premiums (see my letter of April 7, 1981 with respect to the submittal for 1981), I am enclosing a Cash Flow Statement for 1981 (actual) and 1982 (pro-jected), certified by Duquesne Light Company's Vice President (Fiscal), showing that cash in excess of $4,750,000 (Duquesne Light Company's share of the $10,000,000 amount of retrospective premiums applicable to its 47.5% ownership interest in Beaver Valley Power Station Unit No. 1) would be available both on an annual and quarterly basis for the payment of such premiums.
The Statement follows the suggested format in the Com-mission's Regulatory Guide 9.4.
It should be noted that the dol-lar amounts for the various components projected for 1982 are pro-jections only and represent the Company's best estimate of such amounts as of the date on which the Statement was prepared.
Events occurring during the year could result in the actual amounts differing from the projected amounts.
It is my understanding that Ohio Edison Company and Pennsylvania Power Company, the other owncrs of Beaver Valley fL 8204050286 820331 CF ADOCK 05000334 h
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U. S. Nuclear Regulatory Commission March 31, 1982 Page Two Power Station Unit No. 1, have made or are making similar state-ments.
It is my further understanding that if any indemnity fees are due and owing, they will be billed by the Commission at a later date.
If you have any questions on the Statement or need any additional information, please let me know.
Very truly yours,
=P_da___
=
Richard S. Christner RSC:reh Enclosure cc:
Mr. Lynn Firestone (w/ enc.)
Senior Vice President Ohio Edison Company Mr. James R. Edgerly (w/ enc.)
Vice President and General Counsel Pennsylvania Power Cpmpany
c. _.
o DUQUESNE LIGi!T COMPANY 1982 Internal Cash Flow Projection for Beaver Valley No'.
1 Nuclear Power Station (Thousands of Dollars)
Prior Year er Projection Year Actual Total Total Not Income After Taxes
$ 108,871
$ 123,406 Lcss Dividends Paid (100,268)
(113,945)
Retained Earnings S
8,603 9,461 Adjustments:.
Depreciation and Amortization 64,170 67,195 Deferred Income Taxes and' Investment Tax Credit 49,604 41,714 i
Allowance for Funds Used During Construction (35,972)
(48,000)
Total Adjustments S
77,802 60,909 l
Internal Cash Flow 86,405 70,370 i
Average Quarterly Cash Flow 21,601 17,593 Percentage Ownership in All Operating Nuclear Units Beaver Valley No. 1 47.50%
4
+
Maximum Total Contingent Liability
$4,750 Certified correct:
1 i
M, t set' C. M.
Atkinson Vice President - Fiscal Date:
March 31, 1982 r
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