L-02-031, Firstenergy Corp, Retrospective Premium Guarantee
| ML021020207 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley, Davis Besse, Perry |
| Issue date: | 03/28/2002 |
| From: | Scilla R FirstEnergy Corp |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| BV-No.L-02-031, DB-No.-2774, PY-CEI/NRR-624L | |
| Download: ML021020207 (3) | |
Text
76 South Main Street Akron, Ohio 44308-1890 Randy Scilla 330-384-5202 Assistant Treasurer Fax:330-384-3772 March 28, 2002 PY-CEINRR-624L DB-No.-2774 BV-No. L-02-031 Mr. Ira Dinitz U.S. Nuclear Regulatory Commission Office of Nuclear Reactor Regulation Washington, D.C. 20555 Dear Mr. Dinitz; Re: Docket Nos. 50-346, 50-440, 50-412, 50-334 Retrospective Premium Guarantee FirstEnergy Corp. (parent of The Cleveland Electric Illuminating Company, The Toledo Edison Company, Ohio Edison Company, and Pennsylvania Power Company) hereby provides the documents described below as evidence of its guarantee of the retrospective premiums, which may be served against the Davis-Besse Unit No. 1 ($10,000,000), Perry Unit No. 1
($10,000,000), Beaver Valley Unit No. 1 ($10,000,000) and Beaver Valley Unit No. 2
($10,000,000) reactor licenses, per Section 140.21 of 10 CFR Part 140.
(1) A 2002 Internal Cash Flow Projection for FirstEnergy Corp. certified by the Assistant Treasurer of the Company.
(2) FirstEnergy Corp. Annual Report for 2001 will be provided when available.
Very truly yours, cl Enclosures S:\Treasury\ShrTrs\Financial Studies\Jmm e0
FIRSTENERGY CORP.
2002 INTERNAL CASH FLOW PROJECTION FOR DAVIS-BESSE UNIT NO. 1, PERRY UNIT NO. 1, AND BEAVER VALLEY UNIT NOS. 1 AND 2 NUCLEAR POWER PLANTS (Dollars in Thousands) 2002 Projected Cash Flows:
Retained Earnings, Depreciation and Amortization $1,593,000 Deferred Income Taxes and Investment Tax Credits 97,000 Allowance for Funds Used (27,000)
During Construction and Carrying Charges Deferred Operating Expenses 57,000 Net Cash Flows $1,720,000 Internal Cash Flow $1,720,000 Average Quarterly Cash Flow $430,000 Percentage Ownership in Units:
Davis-Besse Unit No. 1 100.00%
Perry Unit No. 1 100.00%
Beaver Valley Unit No. 2 100.00%
Beaver Valley Unit No. 1 100.00%
Maximum Total Contingent Liability $40,000 CERTIFICATION I, Randy Scilla, Assistant Treasurer of FirstEnergy Corp., hereby certifies that the foregoing Internal Cash Flow Projection for calendar year 2002 is derived from reasonable assumptions and is a reasonable estimate.
Date Shr Tres\Finaneial Studies\jmm\NRC Filing-cl.doc or CALWNRC-Filing-cl.doc
FIRSTENERGY CORP.
2002 INTERNAL CASH FLOW PROJECTION FOR DAVIS-BESSE UNIT NO. 1, PERRY UNIT NO. 1, AND BEAVER VALLEY UNIT NOS. 1 AND 2 NUCLEAR POWER PLANTS (Dollars in Thousands) 2002 Projected Cash Flows:
Retained Earnings, Depreciation and Amortization $1,593,000 ý Deferred Income Taxes and Investment Tax Credits 97,000 '
Allowance for Funds Used (27,000) -
During Construction and Carrying Charges Deferred Operating Expenses Net Cash Flows $1,720.000 Internal Cash Flow $1,720,000 Average Quarterly Cash Flow $430.000 -
Percentage Ownership in Units:
Davis-Besse Unit No. 1 100.00%
Perry Unit No. 1 100.00%
Beaver Valley Unit No. 2 100.00%
Beaver Valley Unit No. 1 100.00%
Maximum Total Contingent Liability $40.000 CERTIFICATION I, Randy Scilla, Assistant Treasurer of FirstEnergy Corp., hereby certifies that the foregoing Internal Cash Flow Projection for calendar year 2002 is derived from reasonable assumptions and is a reasonable estimate.
Date / andy Scilla Shr Tres*Financial Studies\jmm\NRC Filing-e.doc or CAL\NRC-Filing-cl.doc