ML20137P219

Forwards Statement of Cash Flows & Estimated Capital Requirements and Sources for Myap

ML20137P219
Person / Time
Site:	Maine Yankee
Issue date:	04/03/1997
From:	Matt Thomas Maine Yankee
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
MET-97-21, MN-97-47, NUDOCS 9704090174
Download: ML20137P219 (3)

Text

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J MaineYankee RELI At3LE ELECTRICITY SINCE 1972 329 BATH ROAD

• BRUNSWICK, MAINE 04011 + (207) 798-4100 April 3,1997 MN-97-47 MET-97-21 Director of Nuclear Reactor Regulation U.S. NUCLEAR REGULATORY COMMISSION Washington, DC 20555

Reference:

(a) License No. DPR-36 (Docket No. 50-309)

Subject:

Statement of Sources of Funds Gentlemen:

In accordance with the requirements of Section 140.21 of 10CFR Part 140, Maine Yankee Atomic Power Company hereby submits a Statement of Sources of Funds for Acquisition of Nuclear Fuel and Construction of Electric Property for 1996 and a Statement of Estimated Capital Requirements and Sources for 1997.

If you have any questions, please contact me.

Very truly yours, Michael E. Thomas Treasurer I

MET:NGli

')

Enclosure C:

Patrick J. Dostie Nog j Hubert J. Miller Clough Toppan J. T, Yeroktm Uldis Vanags D. II. Dorman 9704090174 970403 PDR ADOCK 05000309'

$l,EEEN,@E PDR

s Maine Yankee Atomic Power ccmoany STATEMENT OF CASH FLOWS (Dollars in Thousands)

Year Ended December 31. 1996 Goeratina Activities Net Income

$ 8.106 Items Not Requiring (Providing) Cash Fuel Amortization 13.952 Depreciation and Decommissioning 32.952 Deferred Income Taxes and Investment Tax Credits, Net (2.579)

Allowance for Equity Funds Used for Nuclear Fuel and During Construction (138)

Long-Term Fuel Disposal Interest, Net of AFN 5.961 Other, Net (833)

Changes in Certain Assets and Liabilities Accounts Receivable (5.939)

Other Current Assets 166 Accounts Payable 4.361 Accrued Interest and Taxes (65)

Net Cash Provided by Operating Activities 55.944 Investina Activitifs Acquisition of Nuclear Fuel (7.181)

(4,365)

Construction of Electric Property Changes in Accounts Payable - Investing Activities Nuclear Fuel 93 Construction of Electric Property 822 Investment Income in Decommissioning Trust 6,421 Trust Fund Investments Fuel Disposal (8.634)

Plant Decommissioning (21.420)

Net Cash Used by Investing Activities (34.264)

Financina Activities Issuances (Redemptions)

Bank Notes. Net (1.850)

Long-Term Debt (6.667)

Preferred Stock (600)

Dividend Payments Commen Stock (6.675)

Preferred Stock (1.481)

Net Cash Used by Financing Activities (17.273)

Net Increase in Cash and Cash Equivalents 4.407 Cash and Cash Equivalents at Beginning of Year 11 Cash and Cash Equivalents at End of Year

$ 4.418 Supplemental disclosure of cash flow information:

Cash paid during the year for:

Interest (net of amounts capitalized)

$ 8.736 Income taxes 5 4,866 Disclosure of accounting policy:

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased having a maturity of three months or less to be cash equivalents.

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MAINE YANKFF ATOMIC POWER COMPANY '

ESTIMATED CAPITAL REQUIREMENTS AND SOURCES 1997 (Dollars in Thousands)

CASH RECEIPTS

. Operating Income Before Interest Expense

$19,121 Fuel Amortization -

12,227

. Depreciation 19,483 Income Tax Accrual-(1,793)

Amortization - M&S; Fuel Term. Fees, Etc.

1296 Total Receipts

_5DJ.14

' CASH DISBURSEMENTS Repurchase.- Long Term Debt 6,667 Repurchase - Preferred Stock 600

' Interest Payment - Long Term Debt 7,127 i

Interest Payment - Short Term Debt 4,181 Income Tax Payments.

9,800 DOE D&D Fee -

1,709 Current Spent Fuel Payment 1,747 Spent Fuel Disposal Trust 2,049 Common Dividends 5,000 Preferred Dividends 1,424' 1

Construction Expenditures 18,500

Nuclear Fuel Purchases 36,652

' W/C & Chg. in A/P Activity 2.954 3

' Total Disbursements 98.410 Cash Surplus (Needs)

(48.076)

Projected Short Term Borrowinos - Activity Beginning Balance, net of Temporary Cash Investments

$15,602 -

Add (Sub) to balance 48.076 Projected Ending Balance - Short Term Debt jfg4Zg i

NOTE:

1.

At December 31,1996, the Company had capital resources available from secured and unsecured lines of i

credit totaling $106,000,000 of which $20,000.000 was utilized.

1 I certify that this statement fairly represents the Capital requirements and Sources of this Company based on current estimates.

?

Michael E. Thomas Treasurer

- Q44ETCAPREQ.SOU T

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