L-11-201, Submittal of Retrospective Premium Guarantee

Submittal of Retrospective Premium Guarantee

ML111780672
Person / Time
Site:	Beaver Valley, Davis Besse, Perry
Issue date:	06/27/2011
From:	Halnon G FirstEnergy Nuclear Operating Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
L-11-201
Download: ML111780672 (4)

Text

FirstEnergy Nuclear Operating Company 76 South Main Street Akron, Ohio 44308 June 27, 2011 L-11-201 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 As committed in letter dated March 15, 2011 (Accession No. ML110830085),

FirstEnergy Nuclear Operating Company (FENOC) hereby submits a revised 2011 internal cash flow projection certified by the assistant treasurer for the FirstEnergy Corp. (FE). The enclosed cash flow projection is for FE after FE's merger with Allegheny Energy, Inc.

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'.

SinCejelY, /

/1 ~,

~;~;j1~~inFo ,~-. "n.,

Director, Fleet Regulatory Affairs

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-11-201 Page 2

Enclosure:

REVISED 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

Enclosure L-11-201 REVISED 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.

REVISED 2011 INTERNAL CASH FLOW PROJECTION FOR DAVIS-BESSE UNIT NO. 1, PERRY UNIT NO. 1, AND BEA VER VALLEY UNIT NOS. 1 AND 2 NUCLEAR POWER PLANTS (\)

(Dollars in Thousands) 2011 Projected Cash Flows:

Retained Eall1ings, Depreciation and Amortization $2,205,000 Deferred Income Taxes and Investment Tax Credits 1,704,000 Allowance for Funds Used (79,000)

During Construction and Carrying Charges Deferred Operating Expenses (133,000)

Net Cash Flows $3,697,000 Internal Cash Flow $3,697,000 Average Quarterly Cash Flow $924,250 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 Notes:

( I) Post FirstEnergy Corp. - Allegheny Energy, Inc. merger.

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 estimate.

Date