L-11-084, Retrospective Premium Guarantee
| ML110830085 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley, Davis Besse, Perry |
| Issue date: | 03/15/2011 |
| From: | Sena P FirstEnergy Nuclear Operating Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| L-11-084 | |
| Download: ML110830085 (5) | |
Text
FENOC FE%%
76 South Main Street FirstEnergy Nuclear Operating Company Akron, Ohio 44308 Peter P. Sena IIl President and Chief Operating Officer March 15, 2011 L-1 1-084 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 No. 50-334, License No. DPR-66 Docket No. 50-412, License No. 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 to the Nuclear Regulatory Commission (NRC) a 2011 internal cash flow projection certified by the assistant treasurer for the FirstEnergy Corp. (FE). The enc!osure provides evidence of FENOC's guarantee of retrospective premiumsthat may be served against the Beaver Valley Power Station, Unit Nos. 1 and 2, the Davis-Besse Nuclear Power Station, Unit No. 1, and the Perry Nuclear Power Plant, Unit No. 1, reactor licenses.
On February 25, 2011, FE merged with Allegheny Energy, Inc. (AE). The enclosed cash flow projections are for the pre-merger FE. After the AE financial information has been incorporated into FE, a post-merger FE cash flow projection will be developed and submitted to the NRC.
.The regulatory commitment contained in this submittal is listed in the attachment.
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-1 1-084 Page 2 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, Peter P. Sena III
Attachment:
Enclosure:
2011 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: NRC Region I Administrator NRC Region III Administrator NRC Resident Inspector (Beaver Valley)
NRC Resident Inspector (Davis-Besse)
NRC Resident inspector (Perry)
NRC Project Manager (Beaver Valley)
NRC Project Manager (Davis-Besse)
NRC Project Manager (Perry)
Director, Bureau of Radiation Protection/Department of Environmental Protection (BRP/DEP)
Site BRP/DEP Representative Utility Radiological Safety Board
Attachment L-1 1-084 Regulatory Commitment List Page 1 of 1 The following list identifies those actions committed to by FirstEnergy Nuclear Operating Company (FENOC) for Beaver Valley Power Station, Unit Nos. 1 and 2; Davis-Besse Nuclear Power Station, Unit No. 1; and Perry Nuclear Power Plant, Unit No. 1 in this document. Any other actions discussed in the submittal represent intended or planned actions by FENOC. They are described only as information and are not Regulatory Commitments. Please contact Mr. Thomas A. Lentz, Manager -
Fleet Licensing, at (330) 761-6071 of any questions regarding this document or associated Regulatory Commitments.
Regqulatory Commitment Due Date July 1, 2011
- 1. After the AE [Allegheny Energy, Inc.] financial information has been incorporated into FE
[FirstEnergy Corp.], a post-merger FE cash flow projection will be developed and submitted to the NRC.
Enclosure L-1 1-084 2011 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 (1 Page Follows)
FIRSTENERGY CORP.
2011 INTERNAL CASH FLOW PROJECTION FOR DAVIS-BESSE UNIT NO. 1, PERRY UNIT NO. 1, AN[) BEAVER VALLEY UNIT NOS. I AND 2 NUCLEAR POWER PLANTS (Dollars in Thousands) 2011 Projected Cash Flows:
Retained Earnings, Depreciation and Amortization
$1,643,000 Deferred Income Taxes and Investment Tax Credits 722,000 Allowance for Funds Used (76,000)
During Construction and Carrying Charges Deferred Operating Expenses (164,000 Net Cash Flows
$2,125,000 Internal Cash Flow
$2,125,000 Average Quarterly Cash Flow
$531 250 IPercentage 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%
N['aximni 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 2011 is derived from reasonable assumptions and is a reasonable estinlate.
.,/
Date n'l~rdv Scilla