L-09-045, Fenoc'S Retrospective Premium Guarantee

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Fenoc'S Retrospective Premium Guarantee
ML090761231
Person / Time
Site: Beaver Valley, Davis Besse, Perry
Issue date: 03/17/2009
From: Hagan J
FirstEnergy Nuclear Operating Co
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
L-09-045
Download: ML090761231 (5)


Text

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FENOC Joseph J. h@pn President and Chief Nuclear Officer FirstEnergy Nuclear Operating Company 330-761 - 7895 F a : 330-384-3799 March 17,2009 10 CFR 140.21 L-09-045 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, the FirstEnergy Nuclear Operating Company (FENOC) hereby submits a 2009 Internal Cash Flow Projection certified by the Treasurer for the FirstEnergy Corp. The enclosed document provides evidence FENOCs guarantee of retrospective premiums that may be served against the B Valley Power Station Unit Nos. 1 and 2 ($15,000,000 each), the Davis-Besse N Power Unit No. 1 ($15,000,000) and the Perry Nuclear Power Plant Unit No. 1

($1 5,000,000) reactor licenses.

There are no regulatory commitments contained in this letter. If there are or if additional information is required, please contact Mr. Thomas A. Lentz Fleet Licensing, at 330-761-6071.

Nuclear Officer

March 17, 2009 L-09-045 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, the FirstEnergy Nuclear Operating Company (FENOC) hereby submits a 2009 Internal Cash Flow Projection certified by the Assistant Treasurer for the FirstEnergy Corp. The enclosed document provides evidence of FENOCs guarantee of retrospective premiums that may be served against the Beaver Valley Power Station Unit Nos. 1 and 2 ($15,000,000 each), the Davis-Besse Nuclear Power Unit No. 1 ($15,000,000) and the 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, Joseph J. Hagan President and Chief Nuclear Officer

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-09-045 Page 2

Enclosure:

2009 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.

2009 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) 2009 Projected" Cash Flows:

Retained Earnings, Depreciation and Amortization $2,562,000 Deferred Income Taxes and Investment Tax Credits 4,000 Allowance for Funds Used (124,000)

During Construction and Carrying Charges Deferred Operating Expenses (48,000)

Net Cash Flows $2,394,000 Internal Cash Flow $2,394.000 Average Quarterly Cash Flow $598,500 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 $70,000 CERTIFICATION I, Randy Scilla, Assistant Treasurer of FirstEnergy Corp., hereby certify that the foregoing Internal Cash Flow Projection for calendar year 2009 is derived fiom reasonable assumptions and is a reasonable estimate.

Date Jffiy+/& Randy Scilla

  • Based on current projections, results could change based on Regulatory resolution in Ohio and auction results.

IJ:\Corp\Treasury\Treasury-GO\SHR_TRS\Ficial StudiesUMMWRCFiling - March 2009WRC Filing Cash Flow pl-0jection.doc

FIRSTENERGY CORP.

2009 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) 2009 Projected*

Cash Flows:

Retained Earnings, Depreciation and Amortization $2,562,000 Deferred Income Taxes and Investment Tax Credits 4,000 Allowance for Funds Used (124,000)

During Construction and Carrying Charges Deferred Operating Expenses (48,000)

Net Cash Flows $2,394,000 Internal Cash Flow $2,394,000 Average Quarterly Cash Flow $598,500 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 $70,000 CERTIFICATION I, Randy Scilla, Assistant Treasurer of FirstEnergy Corp., hereby certify that the foregoing Internal Cash Flow Projection for calendar year 2009 is derived from reasonable assumptions and is a reasonable estimate.

Date Randy Scilla

  • Based on current projections, results could change based on Regulatory resolution in Ohio and auction results.

C:\WINNT\Temp\notes97E53A\NRC Filing Cash Flow projection.doc