ML12152A310

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Annual Report of Guarantee of Payment of Deferred Premium
ML12152A310
Person / Time
Site: Palo Verde, San Onofre  Southern California Edison icon.png
Issue date: 05/31/2012
From: St.Onge R
Southern California Edison Co
To:
Office of Nuclear Reactor Regulation, Document Control Desk
References
Download: ML12152A310 (3)


Text

...-----:7--:SOUTHERN CALIFORNIA EDISON aP Richa rd J.S t.Onge Dir ector , N uclearRegulatoryAffair s and Emergenc y P l anning An EDISO N I NTERNA TlO N AL aP C omp a n y May 31, 2012 AnN: DocumentControlDesk U.S.Nuclear Regulatory Commission

.Washington,D.C.20555-0001SanOnofre NuclearGeneratingStationUnits2and3

.DocketNos.50-361,50-362PaloVerde NuclearGeneratingStationUnits1, 2,and3DocketNos.50-528,50-529,and50-53010CFR140.21

Subject:

AnnualReportof Guarantee of PaymentofDeferredPremium

DearSirorMadam:

10CFR140.21requiresSouthern CaliforniaEdison(SCE)

,asagentfortheownersoftheSanOnofre Nuclear GeneratingStationUnits2and3andSCE's15.8%

ownershipshareofPalo VerdeUnits1 , 2 ,and3 ,toprovide evidencethatit maintains a guarantee of payment of deferredpremiuminan amountof$17.5millionforeachreactorSCEislicensedtooperate.In accordancewithopt ion(e)of10CFR140

.21andwith10CFR 50.71(b),SCEhasprovidedits quarterlyForm10-Qreporttothe Securities and Exchange Commissioninlieuofanannualcertifiedfinancialstatement.SCEisprovidingtheenclosed2011InternalCashFlow statement which isfromthe consolidated financial statementsincludedinSCE

's2011annualreport.Thereareno commitmentscontainedinthisletteroritsenclosure.Shouldyouhaveany questionsorrequire'additional information

, please contactMs.Linda 1.Conklinat 949-368-9443.

Sincerely , P.O.Box 128SanClemen te, CA 92672 Document Control Desk Enclosure-2-May 31, 2012cc:E.E.Collins, Regional Administrator,NRCRegionIV R.Hall,NRC Project Manager , San OnofreUnits2and3G.G.Warnick, NRC Senior Resident Inspector, San OnofreUnits2and3 SOUTHERN CALIFORNIA EDISON COMPANY 2011 Internal Cash Flow (Dollars in Millions)2011 Actual Net Income After Taxes Dividends Paid Retained Earnings Adjustments:

Depreciation

&Decommissioning Net Deferred Taxes&ITC Allowance for Funds Used During Construction Total Adjustments Internal Cash Flow Average Quarterly Cash Flow Percentage OwnershipinAll Nuclear Units: San Onofre Nuclear Generating Station Units 2&3 o Southern California Edison CompanyoSanDiegoGas

&Electric Company o City of Riverside Palo Verde Nuclear Generating Station Units1,2&3 Maximum Total Contingent Liability:

San Onofre Nuclear Generating Station Unit 2 San Onofre Nuclear Generating Station Unit 3PaloVerde Nuclear Generating Station Unit 1PaloVerde Nuclear Generating Station Unit 2PaloVerde Nuclear Generating Station Unit 3 Total (1)The value represents 100%oftheSONGS Annual Per Incident Contingent Liability.(2)The value represents 15.8%(SCE's Share)ofthePaloVerde

.Annual Per Incident Cont ingent Liability$1,144!illQ1$624$1 ,426$852$2,140$691 78.21%20.00%1.79%15.80%$17.50$17.50$2.77$2.77$2.77$43.30 (1)(1)(2)(2)(2)