L-15-063, Retrospective Premium Guarantee

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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 "rffi 341 White Pond Dr.

Akron, Ohio 4$24 March 2,2015 L-15-063 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 hereby submits to the Nuclear Regulatory Commission (NRC) the enclosed 2015 internal cash flow projection for FirstEnergy Corp (FE). The projection provides evidence of the guarantee of payment of deferred premiums in the amount of $18.963 million per reactor for 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 licensees. This information is required to be submitted annually on the anniversary date on which the indemnity agreement is effective for each reactor.

Because the indemnity agreement effective dates vary for each reactor, the enclosure contains the information for the aforementioned reactors to be submitted by March 7, the earliest indemnity agreement anniversary date of the reactors.

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-15-063 Page 2 There are no regulatory commitments contained in this letter. lf there are any questions or if additional information is required, please contact Mr. Thomas A. Lentz, Manager Fleet Licensing, at (330) 315-6810.

Gr6dori/ Hl Halnon

Director, Fleet Regulatory Affairs

Enclosure:

FIRSTENERGY CORP. 2015 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 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)

PA Department of Environmental Protection, Bureau of Water Protection Site BRP/DEP Representative Utility Radiological Safety Board Sincerely,

Enclosure L-15-063 FIRSTENERGY CORP. 2015INTERNAL 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.

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)

Cash Flows:

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

Davis-Besse Unit No. I Perry Unit No. 1 Beaver Valley Unit No. 2 Beaver Valley Unit No. I Maximum Total Contingent Liability 20r5 Projected s2,374,000 553,000 (110,000)

(42e.000)

$2"388,000

$2.388.000

$597"000 100.00%

100.00%

100.00%

100.00%

s75.852 CERTIFICATION I, Steven R. Staub, Vice President

& Treasurer of FirstEnergy Co.p., hereby certi$'that the foregoing Internal Cash Flow Projection for calendar year 2015 is derived from reasonable assumptions and is a reasonable estimate.

z/,r /rs Date