ML14189A119

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NRC Staff'S Toledo Edison Spot-Check Review of Toledo Edison Company'S Ownership Interest in Beaver Valley Nuclear Power Station, Unit 2, Docket No. 50000412, on June 10, 2014-Finding of No Potential Issues
ML14189A119
Person / Time
Site: Beaver Valley FirstEnergy icon.png
Issue date: 07/08/2014
From: Purdie M
NRC/NRR/DIRS/IFIB
To: Dusaniwskyj M
NRC/NRR/DIRS/IFIB
purdie, michael 415-0244
References
SECY-07-0197
Download: ML14189A119 (2)


Text

July 8, 2014 MEMORANDUM TO: Michael Dusaniwskyj, Acting Chief Financial Analysis and International Projects Branch Division of Inspection and Regional Support FROM: Michael Purdie, Financial Analyst /RA/

Financial Analysis and International Projects Branch Division of Inspection and Regional Support

SUBJECT:

NRC STAFFS SPOT-CHECK REVIEW OF TOLEDO EDISON COMPANYS OWNERSHIP INTEREST IN BEAVER VALLEY NUCLEAR POWER STATION UNIT 2, DOCKET NO. 50-412, ON JUNE 10, 2014FINDING OF NO POTENTIAL ISSUES Pursuant to SECY-07-0197, Reactor Decommissioning Trust Fund Oversight by Other Agencies and Recommendations Regarding Further Commission Action, dated November 7, 2007, the U.S. Nuclear Regulatory Commission (NRC) staff has been instructed to perform spot-checks on licensees to ensure that the amount reported to the NRC in the decommissioning funding status (DFS) report is equivalent to the amount the licensee has in its bank account, as of December 31 of the preceding year. After providing at least 10 days prior notice, the NRC staff, on June 10, 2014, performed the spot-check at First Energy Corporation Headquarters, where Toledo Edison Company (owned by First Energy Corporation) holds/receives the original bank statements for Beaver Valley Nuclear Power Station (BVNPS)

Units 2 from The Bank of New York Mellon. Toledo Edison Company has 18.26% ownership in BVNPS Unit 2.

After the NRC staffs spot-check at the location of the original bank statements, the NRC staff found no issues related to the amount reported to the NRC in the 2013 DFS report of

$86,826,422 for BVNPS Unit 2, and the stated amount in the bank statements dated December 31, 2012. The bank statements of Toledo Edison Company were only for radiological funds and were typically under qualified accounts. The total of all of the accounts is equivalent to the amount provided to the NRC in the 2013 DFS report.

Because no issues were found in the NRC staffs spot-check, this memo serves to close out Technical Assignment Control Nos. MF4115.

CONTACT: Michael Purdie, NRR/DIRS 301-415-0244

ML14189A119 OFFICE: NRR/DIRS/IFIB:PM NAME: MPurdie DATE: 7/8/2014