ML20073D043
| ML20073D043 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley |
| Issue date: | 04/11/1983 |
| From: | Stein A DUQUESNE LIGHT CO. |
| To: | Saltzman J NRC OFFICE OF STATE PROGRAMS (OSP) |
| References | |
| NUDOCS 8304130365 | |
| Download: ML20073D043 (3) | |
Text
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0 Legal Department One Oxford Centre 301 Grant Street Pittsburgh, Pennsylvania 15279 (412) 393-6000 Writer's DIRECT DIAL Number:
393-6054 April 11, 1983 U.S.
Nuclear Regulatory Commission Washington, D.C.
20555 ATTENTION:
Mr. Jerome Saltzman, Assistant Director State and Licensing Relations 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 Mr. Richard S.
Christner's letter of March 31, 1982 with respect to the submittal for 1982), I am enclosing a Cash Flow Statement for 1982 (actual) and 1983 (projected), 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 Commission's Regulatory Guide 9.4.
It should be noted that the dollar amounts for the various components projected for 1983 are projections only and represent the Company's best estimate of such amounts as of the date on which the Statement i
was prepared.
Events occurring during the year could result i
in the actual amounts differing from the projected amounts.
8304130365 830411 PDR ADDCK 05000334 I
PDR l
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U.S. Nuclear Regulatory Commission April 11, 1983 Page 2 It is my understanding that Ohio Edison Company and Pennsylvania Power Company, the other owners of Beaver Valley Power Station Unit No.
1, have made or are making similar statements.
It is my further understanding that if any indem-nity 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,
I
']&. ki~
7 h William Stein AWS:smb Enclosure cc:
Mr. Lynn Firestone (w/ encl.)
Senior Vice President Ohio Edison Company Mr. James R.
Edgerly (w/ encl.)
Vice President and General Counsel Pennsylvania Power Company
J e
DUQUESNE LIGHT COMPANY 1983 Internal Cash Flow Projection for Beaver Valley No. 1 Nuclear Power Station (Thousands of Dollars)
Prior Year Projection Year Actual Total Total Net Income After Taxes
$ 107,273
$ 159,422*
Less Dividends Paid (115,247)
(133,937)
Retained Earnings (7,974) 25,485 Adjustments:
Depreciation and Amortization 66,303 73,225 Deferred Income Taxes and Investment Tax Credit 35,801 38,475 Allowance for Funds Used During Construction (50,268)
(62,431)
Total Adjustments 51,836 49,269 Internal Cash Flow 43,862 74,754 Average Quarterly Cash Flow 10,966 18,689 Percentage Ownership in All Operating Nuclear Units Beaver Valley No. 1 47.50%
Maximum Total Contingent Liability
$4,750 Certified correct:
b C. M. Atkinson Vice President - Fiscal Date:
April 8, 1983 OIncludes rate relief at the rate of $105.8 million per year which became effective January 28, 1983.
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