L-08-093, Retrospective Premium Guarantee

Retrospective Premium Guarantee

ML080790522
Person / Time
Site:	Beaver Valley, Davis Besse, Perry
Issue date:	03/17/2008
From:	Halnon G FirstEnergy Nuclear Operating Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
L-08-093
Download: ML080790522 (3)

Text

-FENOC 76 S.Main St.

Akron, Ohio 44308 March 17, 2008 L-08-093 10 CFR 140.21 ATTN: Document Control Desk U. S. Nuclear Regulatory Commission Washington, DC 20555-0001

Subject:

Beaver Valley Power Station Unit Nos. 1 and 2 Docket Nos. 50-334 and 50-412, License Nos. DPR-66 and NPF-73 Davis-Besse Nuclear Power Station Unit No. 1 Docket No. 50-346, License No. NPF-3 Perry Nuclear Power Plant Unit No. 1 Docket No. 50-440, License No. NPF-58 Retrospective Premium Guarantee In accordance with 10 CFR 140.21, FirstEnergy Nuclear Operating Company (FENOC) hereby submits a 2008 Internal Cash Flow Projection certified by the Assistant Treasurer for FirstEnergy Corporation. The enclosed document provides evidence of FENOC's guarantee of retrospective premiums that may be served against the Beaver Valley Power Station Unit Nos. 1 and 2 ($15,000,000 each), Davis-Besse Nuclear Power Unit No. 1 ($15,000,000) and Perry Nuclear Power.Plant Unit No. 1 ($15,000,000) reactor licenses.

There are no regulatory commitments contained in this letter. If there are any questions or if additional information is required, please contact Mr. Thomas A. Lentz, Manager -

Fleet Licensing, at 330-761-6071.

Sincerely, Gregory H. In n Director, Fle egulatory Affairs F00L

Beaver Valley Power Station Unit Nos. 1 and 2 Davis-Besse Nuclear Power Station Unit No. 1 Perry Nuclear Power Plant Unit No. 1 L-08-093 Page 2

Enclosure:

2008 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 cc: Regional Administrator, NRC Region I Regional Administrator, NRC Region III NRR Project Manager, Davis Besse and Perry NRR Project Manager, Beaver Valley NRC Resident Inspector, Beaver Valley NRC Resident Inspector, Davis Besse NRC Resident Inspector, Perry Utility Radiological Safety Board Director BRP/DEP Site BRP/DE Representative

FIRSTENERGY CORP.

2008 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) 2008 Projected Cash Flows:

Retained Earnings, Depreciation and Amortization $2,088,000 Deferred Income Taxes and Investment Tax Credits 21,000 Allowance for Funds Used (53,000)

During Construction and Carrying Charges Deferred Operating Expenses (310,000)

Net Cash Flows $1,746,000 internal Cash Flow $1,746,000 Average Quarterly Cash Flow 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 $60,000 CERTIFICATION I, Randy Scilla, Assistant Treasurer of FirstEnergy Corp., hereby certify that the foregoing Internal Cash Flow Projection for calendar year 2008 is derived from reasonable assumptions and is a reasonable estimate.

Date

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