L-15-063, Retrospective Premium Guarantee

Retrospective Premium Guarantee

ML15062A083
Person / Time
Site:	Beaver Valley, Davis Besse, Perry
Issue date:	03/02/2015
From:	Halnon G FirstEnergy Nuclear Operating Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
L-15-063
Download: ML15062A083 (4)

Text

FENOC 341 White Pond Dr.

Akron, Ohio 4$24 "rffi March2,2015 L-15-063 10cFR 140.21 ATTN: Document ControlDesk U.S.NuclearRegulatory Commission Washington, DC 20555-0001

SUBJECT:

BeaverValleyPowerStation,UnitNos.1 and2 DocketNo.50-334,LicenseNo.DPR-66 DocketNo.50-412,LicenseNo.NPF-73 Davis-Besse NuclearPowerStation,UnitNo. 1 DocketNo.50-346,LicenseNo.NPF-3 PerryNuclearPowerPlant,UnitNo.1 DocketNo.50-440,LicenseNo.NPF-58 Retrospective PremiumGuarantee In accordance with10 CFR 140.21 , FirstEnergy NuclearOperating Companyhereby submitsto the NuclearRegulatory Commission (NRC)theenclosed 2015internal cash flowprojection for FirstEnergy Corp (FE). The projection provides evidenceof the guarantee of paymentof deferredpremiums in the amountof $18.963millionper reactorfor the BeaverValleyPowerStation,UnitNos.1 and2, the Davis-Besse NuclearPowerStation,UnitNo. 1, andthe PerryNuclearPowerPlant,UnitNo.1, reactorlicensees.Thisinformation is requiredto be submitted annuallyon the anniversary dateon whichthe indemnity agreement for eachreactor.

is effective Becausethe indemnity agreement effectivedates vary for each reactor,the enclosure containsthe information for the aforementioned reactorsto be submitted by March7, the earliestindemnity agreement anniversary dateof the reactors.

BeaverValleyPowerStation,UnitNos.1 and2 Davis-Besse NuclearPowerStation,UnitNo. 1 PerryNuclearPowerPlant,UnitNo. 1 L-15-063 Page2 Thereare no regulatory commitments containedin thisletter.lf thereare anyquestions or if additionalinformationis required,pleasecontactMr.ThomasA. Lentz,Manager -

FleetLicensing, at (330)315-6810.

Sincerely, Gr6dori/Hl Halnon Director,FleetRegulatory Affairs

Enclosure:

FIRSTENERGY CORP.2015INTERNALCASHFLOWPROJECTION FORDAVIS-BESSE UNITNO. 1, PERRYUNITNO. 1, AND BEAVERVALLEYUNITNOS. AND2 NUCLEAR 1 POWERPLANTS cc: NRCRegionlAdministrator NRCRegionlll Administrator NRC ResidentInspector(BeaverValley)

NRCResidentInspector (Davis-Besse)

NRCResidentInspector (Perry)

NRCProjectManager(BeaverValley)

NRCProjectManager(Davis-Besse)

NRCProjectManager(Perry)

Director,Bureauof RadiationProtection/Department of Environmental Protection (BRP/DEP)

PA Departmentof Environmental Protection,Bureauof WaterProtection SiteBRP/DEPRepresentative UtilityRadiological SafetyBoard

Enclosure L-15-063 FIRSTENERGY CORP.2015INTERNAL CASHFLOWPROJECTION UNITNO.1, PERRYUNITNO,1,AND FORDAVIS-BESSE BEAVERVALLEYUNITNOS.1 AND2 NUCLEAR POWERPLANTS (1 Page Follows)

FIRSTENERGY CORP.

2OI'INTERNAL CASH FLOW PROJECTION FOR DAVIS.BESSE LINIT NO. I, PERRY UNIT NO. 1, AND BEAVER VALLEY UNIT NOS. I AND 2 NUCLEAR POWER PLANTS (Dollars in Thousands) 20r5 Projected CashFlows:

Retained Earnings, Depreciation and Amortization s2,374,000 Deferred Income Taxes and 553,000 Investment Tax Credits Allowance for Funds Used (110,000)

During Construction and Carrying Charges Defened Operating Expenses (42e.000)

Net CashFlows $2"388,000 Internal Cash Flow $2.388.000 Average Quarterly Cash Flow $597"000 PercentageOwnership in Units:

Davis-BesseUnit No. I 100.00%

Perry Unit No. 1 100.00%

Beaver Valley Unit No. 2 100.00%

Beaver Valley Unit No. I 100.00%

Maximum Total Contingent Liability s75.852 CERTIFICATION I, StevenR. Staub,Vice President & Treasurer of FirstEnergyCo.p.,herebycerti$'thatthe foregoing InternalCashFlow Projectionfor calendaryear2015is derivedfromreasonable assumptions andis a reasonable estimate.

z/ ,r /rs Date