ML17206A686
| ML17206A686 | |
| Person / Time | |
|---|---|
| Site: | Saint Lucie  |
| Issue date: | 02/26/1979 |
| From: | Baer R Office of Nuclear Reactor Regulation |
| To: | Robert E. Uhrig FLORIDA POWER & LIGHT CO. |
| Shared Package | |
| ML17206A687 | List: |
| References | |
| NUDOCS 7903190323 | |
| Download: ML17206A686 (6) | |
Text
~
I gfc FEB 2 6 197S Docket No. 50-389~
Distribution l /enclosure Docket File NRC PDR Local PDR RABirkel Distribution w/o enclosure RSBoyd LWR g2 File DBVassallo Dr. Robert E. Uhrig RLBaer Vice President of nuclear and 'Lee Gener;al Engineering WPaton Florida Power 5 Light Company P. 0.
Box FJHilliams Miami, Florida 33152 'RBuchanan
Dear Dr. Uhrig:
TBAbernathy ACRS(16.)
SUBJECT:
REQUEST FOR WITHHOLDING INFORMATION FROM PUBLIC DISCLOSURE (St. Lucie Plant Unit No. 2)
By your letters dated January 21, February 10 and April 15, 1977, 'you sub-mitted financial information relating to forecasts of revenues,'earnings, dividends or future financings of Florida Power and Light Company and supporting affidavits signed by Michael C. Cook, Treasurer for Florida.
Power and Light Company.
You requested thag the financial information be withheld from public disclosure pursuant to 10 CFR 2.790 for the following reasons:
The release of the information would prejudice, the integrity of the r ate-making process; 2.
The release of the information could seriously impair the ability of FIorida Power and Light Company to compete for funds in the money market at favorable rates; 3.
The release of the information might obligate Florida Power and Light Company to constant1y revise and redistribute the fore-casted information, thereby impairing management's decision-mlaking flexibilityand its credibility with investors; and 4.
The reliance on Florida Power and Light Company's forecasts could mislead investors and lay the groundwork for lawsuits.
He have reviewed your requests and find that the reasons as to why the release of.the submitted information would cause substantial harm to your company are conclusory in nature and do not provide us with a sufficient
~f'asis upon which to approve your application.
Specifically, you failed to ~~
show how the release of this information could prejudice the integrity of ~p the rate-making process and how the release of this information could I
OrrlCIIM ap OURNAI0IIW OATC0N I
ication that licants riho f: ither one of ve"p'r' vided" hese results s"%lie"same-ty'as befallen e" oV"TrTibVhlh ny of the ma y oft-i'rr tire
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Dr. Robert E. Uhrig FEB 2 6 tS79 With regard to Items (3) and (4), we have requested and received advice from the Securities and Exchange Comission (SEC).
A copy of the response from the SEC, dated December 14, 1978, is enclosed.
We have also enclosed a copy of one recently proposed and one recently issued SEC regulation governing disclosure of management financial projections.
Accordingly, we have concluded that the information sought to be withheld from public disclosure does not meet the requirements of 10 CFR 2.790.
Therefore, your requests to withhold the financial information from public disclosure are denied.
If you do not provide us <<ith information which will establish a sufficient basis upon which to approve your application, you are advised that in not less than thirty (30) days from the date of this letter, the subject docu-ments will be placed in the Public Document Room.
If, i(ithin thirty (30) days of the date of this letter, you request withdrawal of the documents in accordance with 10 CFR 2.790 (c), your request will be considered in the light of applicable statutes and regulations and a determination made whether the documents will be withheld from the Public Document Room and returned to you.
Sincerely,
~
~g DggQea, 57 Robert L. Baer, Chief'ight Water Reactors Branch Ho.
2 Division of Project management
Enclosures:
As Stated ccs w/enclosures:
See next pages
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Robert E. Uhri g Vice President of Nuclear and General Engineering Florida Power 8 Light Company P. 0.
Box 529100 Miami, Florida 33152 cc:
Jack R.
- Newman, Esq.
Lowenstein,
- Newman, Reis 8 Axelrad 1025 Connecticut
- Avenue, N.
W.
Washington, D. C.
20036 Norman A. Coll, Esq.
McCarthy, Steel, Hectory 8 Davis 14th Floor, First National Bank Building Miami, Florida 33131 Mr. Martin H. Hodder 1131 N. E. 86 Street Miami, Florida 33138 Edward Luton, Esq.,
Chairman Atomic Safety and Licensing Board U. S. Nuclear Regulatory Commission Washington, D. C.
20555 Dr. David L. Hetrick Professor of Nuclear Engineering The University of Arizona Tucson, Arizona 85721 Dr. Frank F. Hooper School of Natural Resources University of Michigan Ann-Arbor, Michigan 48104 Michael C. Farrar, Esq.,
Chairman Atomic Safety and Licensing Appeal Board U.
S. Nuclear Regulatory Commission Washington, D. C.
20555 Richard S. Salzman, Esq.
Atomic Safety and Licensing Appeal Board U. S. Nuclear Regulatory Commission Washington, D. C.
20555
N gi Dr. Robert E. Uhri g FEB 2 6 ]gag cc:
Dr.
W. Reed Johnson Atomic Safety and Licensing Appeal Board U. S. Nuclear Regulatory Commission Washington, D.
C.
20555 Chairman Joseph N. Hendrie Coranissioner Victor Gilinsky Commissioner Richard T. Kennedy Coranissioner Peter A. Bradford Commissioner John F. Ahearne