L-03-039, Firstenergy - Retrospective Premium Guarantee
| ML030780841 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley, Davis Besse, Perry |
| Issue date: | 03/06/2003 |
| From: | Scilla R FirstEnergy Corp |
| To: | Dinitz I Office of Nuclear Reactor Regulation |
| References | |
| BV-No. L-03-039, DB-Serial No.-2941, PY-CEI/NRR-2698L | |
| Download: ML030780841 (2) | |
Text
76 South Main Street Akron, Ohio 44308-1890 Randy Scllla 330-384-5202 Assistant Treasurer Fax: 330-384-3772 March 6, 2003 PY-CEI/NRR-2698L DB-Serial No.-2941 BV-No. L-03-039 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 2003 Internal Cash Flow Projection for FirstEnergy Corp. certified by the Assistant Treasurer of the Company.
(2) FirstEnergy Corp. Annual Report for 2002 will be provided when available.
Very truly yours, cl Enclosures S \\Treasury\\Shr.Trs\\Rnancial Studles'Jmmn\\NRC Filing Cover Letter '03 doc
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FIRSTENERGY CORP.
2003 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) 2003 Projected Cash Flows:
Retained Earnings, Depreciation and Amortization Deferred Income Taxes and Investment Tax Credits Allowance for Funds Used During Construction and Carrying Charges Deferred Operating Expenses Net Cash Flows Internal Cash Flow
$1,858,000 12,000 (25,000)
$2,112,000
$2,112,000
$528,000 100.00%
100.00%
100.00%
100.00%
Average Quarterly Cash Flow Percentage Ownership in Units:
Davis-Besse Unit No. I Perry Unit No. 1 Beaver Valley Unit No. 2 Beaver Valley Unit No. 1 Maximum Total Contingent Liability
$40,000 CERTIFICATION S.I, Randy Scilla, Assistant-Treasurer of FirstEniergy Corp., hereby certifies that the foregoing-Internal Cash Flow Projection for calendar year 2003 is derived from reasonable assumptions and is a reasonable estimate.
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