ML053560014

Revised Technical Specifications

ML053560014
Person / Time
Site:	Beaver Valley
Issue date:	12/20/2005
From:	Office of Nuclear Reactor Regulation
To:	FirstEnergy Nuclear Operating Co
References
Download: ML053560014 (2)

Text

APPENDIX C ADDITIONAL CONDITIONS ,

OPERATING LICENSE NO. DPR-66 FirstEnergy Nuclear Operating Company and FirstEnergy Nuclear Generation Corp. shall comply with I the following conditi6fis on the schedules'noted below Amendment Additional Condition Implementation Number Date 225 The licensee Is authorized to relocate certain The amendment Technical Specification requirements to licensee- shall be controlled documents. Implementation of this implemented within amendment shall Include the relocation of these 60 days from Technical Specification requirements to the August 30, 1999 appropriate documents as described In the licensee's application dated December 24, 1998, as supplemented June 15, June 17, and July 7.

1999, and evaluated In the staf's safety evaluation attached to this amendment.

269 On the closing date(s) of the transfers to FENGenCo of The amendment their Interests In Beaver Valley Power Station, Unit shall be No. 1, Pennsylvania Power Company and Ohio Edison implemented within Company shall transfer to FENGenCo all of each 30 days from transferors respective accumulated decommissioning December 16, 2005 funds for Beaver Valley Power Station, Unit No. 1, and tender to FENGenCo additional amounts equal to remaining funds expected to be collected in 2005, as represented Inthe application dated June 1, 2005, but not yet collected by the time of dosing. All of the funds shall be deposited In a separate external trust fund for the reactor In the same amount as received with respect to the unit to be segregated from other assets of FENGenCo and outside Its administrative control, as required by NRC regulations, and FENGenCo shall take all necessary steps to ensure that this external trust fund Is maintained in accordance with the requirements of the order approving the transfer of the license and consistent with the safety evaluation supporting the order and in accordance with the requirements of 10 CFR Section 50.75, "Reporting and recordkeeping for decommissioning planning."

2 Amendment No. 269 Revised by letter dated December 20, 2005

APPENDIX C ADDITIONAL CONDITIONS OPERATING LICENSE NO. DPR-66 FirstEnergy Nuclear Operating Company and FirstEnergy Nuclear Generation Corp. shall comply with the following conditions on the schedules noted below: -

Amendment Additional Condition Implementation Number Date 269 By the date of closing of the transfer of the ownership The amendment Interests In Beaver Valley Power Station, Unit No. 1 shall be from Pennsylvania Power Company to FENGenCo, implemented within FENGenCo shall obtain a parent company guarantee 30 days from from FirstEnergy in an Initial amount of at least $80 December 16, 2005 million (in 2005 dollars) to provide additional decommissioning funding assurance regarding such ownership Interests. Required funding levels shall be recalculated annually and, as necessary, FENGenCo shall either obtain appropriate adjustments to the parent company guarantee or otherwise provide any additional decommissioning funding assurance necessary for FENGenCo to meet NRC requirements under 10 CFR 50.76.

The Support Agreements described Inthe applications dated May 18, 2005 (up to $80 million), and June 1, 2005 (up to $400 million), shall be effective consistent with the representations contained In the applications.

FENGenCo shall take no action to cause FirstEnergy, or its successors and assigns, to void, cancel, or modify the Support Agreements without the prior written consent of the NRC staff, except, however, the $80 million Support Agreement Inconnection with the transfer of the Pennsylvania Power Company Interests may be revoked or rescinded Ifand when the $400 million support agreement described In the June 1.

2005, application becomes effective. FENGenCo shall Inform the Director of the Office of Nuclear Reactor Regulation, Inwriting, no later than ten days after any funds are provided to FENGenCo by FirstEnergy under either Support Agreement. 8 3 Amendment NO. 269 Revised by letter dated December 20, 2005