L-12-075, Retrospective Premium Guarantee

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Retrospective Premium Guarantee
ML12067A033
Person / Time
Site: Beaver Valley, Davis Besse, Perry
Issue date: 03/06/2012
From: Halnon G
FirstEnergy Nuclear Operating Co
To:
Office of Nuclear Reactor Regulation, Document Control Desk
References
L-12-075
Download: ML12067A033 (4)


Text

FENOC Fir.f EMgl Nwtea Wating Cmpary,-

341 White Pond Dr.

Akron. Ohia 44320 March 6,2012 L-12-075 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 10 cFR 140.21 In accordance with 10 CFR 140.21, FirstEnergy Nuclear Operating Company (FENOC) hereby submits to the Nuclear Regulatory Commission (NRC) a2012 internal cash flow projection certified by the assistant treasurer for FirstEnergy Corp.

The enclosure provides evidence of FENOC's guarantee of retrospective premiums that 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.

There are no regulatory commitments contained in this letter. lf there are any questions or if additional information is required, please contact Mr. Phil H. Lashley, Supervisor Fleet Licensing, at (330) 315-6808.

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-12-075 Page 2

Enclosure:

FIRSTENERGY CORP. 2012INTERNAL 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: NRG Region lAdministrator NRC Region lll 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-12-075 FIRSTENERGY CORP. 2012 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.

2OI2INTERNAL CASH FLOW PROJECTION FOR DAVIS-BESSE UNIT NO. I, PERRY UNIT NO. I, AND BEAVER VALLEY UNIT NOS. I AND 2 NUCLEAR POWER PLANTS (Dollars in Thousands)

Cash Flows:

Retained Eamings, Depreciation and Amortization Defened Income Taxes and Investment Tax Credits Allowance for Funds Used During Construction and Carrying Charges Deferred Operating Expenses Net Cash Flows Internal Cash Flow Average Quarterly Cash Flow Percentage Ownership in Units:

Davis-Besse Unit No. I PerryUnitNo. I Beaver Valley Unit No. 2 Beaver Valley Unit No. I Maximum Total Contingent Liability 20t2 Projected 82,212,000 504,000 (58,000)

(1.064.000)

$r"594.000

$1"594.000

$398.s00 100.00%

100.00%

100.00%

100.00%

$70.000 CERTIFICATION I, Randy Scilla, Assistant Treasurer of FirstEnergy Corp., hereby certiff that the foregoing Internal Cash Flow Projection for calendar year 2012 is derived from reasonable assumptions and is a reasonable estimate.

7 l, tz-Date