ML17209A242
| ML17209A242 | |
| Person / Time | |
|---|---|
| Site: | Saint Lucie  |
| Issue date: | 09/29/1980 |
| From: | Tedesco R Office of Nuclear Reactor Regulation |
| To: | Robert E. Uhrig FLORIDA POWER & LIGHT CO. |
| References | |
| NUDOCS 8010150100 | |
| Download: ML17209A242 (16) | |
Text
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Docket No. 50-389 Se ~S 1980 Dr. Robert E. Uhrig, Vice President Advanced Systems 8 Technology Florida Power 8 Light Company Post Office Box 529100 Miami, Florida 33152
Dear Dr. Uhrig:
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NSIC TERA
SUBJECT:
TRANSFER OF OWNERSHIP IN INTEREST TO CITY OF ORLANDO (ST.
LUCIE PLANT, UNIT NO. 2)
DEisenhut RPurple PCheck LRubenstein ASchwencer JMi 1 le r Rvollmer DRoss
~lattson JKnight VNoonan RHartfield MPA OELD TIC As a result of our review of your application for permission to transfer an ownership interest to the City of Orlando, Florida and the Orlando Utilities Comiission, we find tha't we need some additional information which is described in the Enclosure.
g In order for us to complete our evaluation of your application 6g a timely basis we request that the information be provided by October 10/1980.+
Our information needs were previously provided to your staff. ~~~
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." F I Sincerely, V4 Rober t, L. Tedesco, Assistant Director for Licensing Division of Licensing
Enclosure:
Municipal Applicant Financial Information cc:
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Dr. Robert E. Uhrig, Vice Preside'nt Advanced Systems and Technology Florida Power 5 Light Company P. 0.
Box 529100 Miami, Florida 33152 CC:
Harold F. Reis, Esq.
Lowenstein, Newman, Reis 8 Axelrad 1025 Connecticut
- Avenue, N.
W.
Washington, D. C.
=. 20036 Norman A. Coll, Esq.
McCarthy, Steel, Hectory E Davis 14th Floor, First National Bank Building'iami, 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. Fran'k F. Hooper School of Natural Resources University of Michigan
. Ann Arbor, Michigan 48104 Resident Inspector St. Lucie Nuclear Power Station c/o U. S. Nuclear Regulatory Commission P. 0.
Box 400 Jensen Beach, Florida 33457
ENCLOSURE
~
'UNICIPAL APPLICANTS '
'he
'following financial information i's required for each municipal applicant:
V Provide a detailed statement of the projected sources of funds for each. muni'cipal appli'cant's capital contrib*ution to the subject project showing both the timing and amounts that will be financed and advanced to the lead applicant for the acqui-si'ti'on of the respective ownership interest of the facility.
State in detai'1 all other constructi'on expenditures that are projected to be incurred during the acquisition period, in-cluding other capital requirements such as sinking fund re-quirements and redempti'ons of maturing bond issues.
Indicate the expected breakdown between internally-generated funds and external financing duri'ng the acquisiti'on period in the meeting of total capi'tal requirements-.
Provide a detailed explanation of the assumptions upon wlii'ch the projected sources of funds statement, i's based.
2.
3.
4.
6.
If any municipal appli'cant i's to finance its ownership share with. bonds, indicate the source of funds for payment of interest charges and principal.
Indicate the legal authority by which each. muniripal applicant can i'ssue bonds to provide financial support for the subject project.
Show the effect of any re-.
stri'eti'ons on both project and total financing abi'lity stating the amount of financing that may 5e presently performed under such. restri'ctibns.
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Descri,be the nature, amount, ratings and success of each munic-ipal appli'cant's most recent revenue and general obligation bond sales.
I'ndicate the current total outstanding indebted-ness in each'. category for each entity.
Provide copies of the official statement for the most recent bond issue.
Provide copies of the preliminary statement for any pending security issue.
Provide copies of the most recent annual financial report and the most recent interim financi'al statements f'r each municipal appli'cant.
Continue to submit copies of the annual fi.nanclal report for each year thereafter as required by
- 10. CFR Part 50.71(b)'.
Is each, parti'cipant's percentage ownership share in the facility equal to its percentage entitlement in the electrical capacity and output of the plant? If not, explain the difference(s) and any resultant effect on any parti'cipant's obligation to provide its share of design, construction and operating costs.
ENCLOSURE
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MUNICIPAL APPLICANTS J"
The'following financial information i's required for each municipal ',
applicant:
1.
Provide a detailed statement of the proje'cted sources of funds for eacli. muni'cipal appli'cant's capital contribution to the subject project showing both th'e timiWg and amounts that will be financed and advanced to the lead applicant for the acqui-si'tion of the respective ownership ihterest of the facility.,
'tate in detai.'1 all other construction expenditures that are projected to be. incurred during the aequi'sition period, in-cluding, oth'er capital requi'rements such as sinking fund re-quil.ements and redemptions of maturing bond issues.
Indicate the expected breakdown between internally-generated funds and extennal fi'nancing during the acquisition period in the meeting
=
of total capital requil ements.
Provide a detailed explanation of the assumptions upon whi'ch the projected sources of funds statement is based.
2.
4.
5.
E If any municipal appli'cant is-to finance its ownership share with. bonds, indi'cate the source of funds for payment of interest charges and priici>al.
Indi'cate the legal authority by which each: municipal applicant can issue bonds
.to provide financial support for the subject project.
Show the effect of any re-stricti'ons on both project and total financing abi'lity stating the amount of financing that may Be presently performed under such. restri'cti'ons.
~
I Descri.be the nature, amount, ratings and success of each munic-ipal appli'cant's most recent revenue and general obligation bond sales.
I'ndicate the current total outstanding indebted-ness i'n each; category for each entity.
Provide copies of the official statement for the most recent bond issue.
Provide copies of the preliminary statement for any pending security issue.
Provide copies of the most recent annual financial report and the most recent interim financial statements for each municipal appli'cant.
Continue to submit copies of the annual financial report for each year thereafter as required by
- 10. CFR Part 50.71(b)'.
Is each. participant's percentage ownership share in the facility equal to its percentage entitlement in the electrical capacity and output of the plant?
If not, explain the difference(s) and any resultant effect on any parti'cipant's obligation to provide its share ot design, construction and operating costs.
oescribe the rate-setti'ng authority of each municipal applicant and how that authority..may b'e used to ensure the satisfaction of financial,'.obli'gations
'related to b'oth capital and operating costs of the".faci'lity, Describe any restri'ctions on such rate-setting authority and how thi's may affect the applicant's ability to satisfy i'ts obligations to the project.
Describe the nature and amount of each muni'cipal applicant's most recent
. rate relief action and the anticipated effect on revenues.
In-di'cate the natur e and amount of any pending rate relief action(s).
8.
What i.s the estimated dollar amount that will be payable by the applicant at the date of closing the sale?
What is the total estimated dollar amount that the appli'cant will pay to th'e lead applicant after closing the sale and through completion of the units?
9...Provide copi'es of the joint ownership agreement.
The Staff wi,ll require copi:es of the executed agreement as a condition of the, CP amendment.
10., If a membership organitation i's participating in the joint ownership, explai'n the contractual arrangement among the members that ass~res that funds wi'll be avai'lab'le to meet the entity's obligations-to the project.
Provi'de. copies of the power sales contract.
ll.
fxplaiii the procedure to be used by the lead appli'cant
- for, bi;lling the muni.'ciyals for construction progress payments subsequent to closing the sale.
Thi's may be answered by ref-erence to pertinent porti'ons of the joint ownership agreement that is. sublai'tted to the Staff.
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UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D. C. 20555 SEP 2g )98p Docket No. 50-389 Dr. Robert E. Uhrig, Yice President Advanced Systems 5 Technology Florida Power 8 Light Company Post Office Box 529100 Niami, Florida 33152
Dear Dr. Uhrig:
SUBJECT:
TRANSFER OF OIttNERSHIP IN INTEREST TO CITY OF ORLANDO (ST.
LUCIE PLANT, UNIT NO. 2)
As a result of our review of your application for permission to transfer an ownership interest, to the City of Orlando, Florida and the Orlando Utilities Commission, we find that we need some additional information which is described in the Enclosure.
In order for us to complete our evaluation of your application on a timely basis we request that the information be provided by October 10, 1980.
Our information needs were previously provided to your staff.
S incerely,
Enclosure:
t<unicipal Applicant Financial Information Robert L. Tedesco, Assistant Director for Licensing Division of Licensing cc:
See next page
1 Or. Robert E. Uhrig, Vice,President Advanced Systems and Technology Florida Power
& Light Company P. 0.
Box 529100 Miami, Florida 33152 CC:
Harold F. Reis, Esq.
Lowenstein, Newman, Reis A Axelrad 1025 Connecticut
- Avenue, N.
W.
Washington, D. C.
20036 Norman A. Coll, Esq.
McCarthy, Steel, Hectory 5 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 Corrmission Washington, D. C.
20555 Dr. D'avid 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 Resident inspector St. Lucie Nuclear Power Station c/o U. S. Nuclear Regulatory Commission P. 0.
Box 400 Jensen Beach, Florida 33457
ENCLOSURE MUNICIPAL APPLICANTS The'following financial information i's requi'red for each municipal applicant:
Provide a detailed statement of the projected sources of funds for each.muni'cipal applicant's capital contribution to the subject project showing both the timing and amounts. that will be financed and advanced to the lead applicant for the acqui-siti'on of the respective ownership interest of'he facHity.
State in detai.l all other constructi'on expenditures that are
'rojected to b'. incurred during the aequi'sition period, in-cluding other capital requi'rements such as sinking fund re-quirements and redemptions of maturi'ng bond issues.
Indicate the expected breakdown between internally-generated funds and external financing duriag the acquisition period in the meeting of total capital requirements.
Provide a detailed explanation of the assumpti'ons upon which the projected sources of funds statement is based.
- 2. If any munici'pal appli'cant is to finance its ownership share with. bonds, indicate the source'of funds for payment of interest charges and principal.
Indi'cate the legal authority by which each. municipal appli'cant can issue b'onds to provide financial support for the subject project.
Show the effect of any re-stri:cti'ons on both'roject and total financing ability stating the amount of financing that may 5e presently performed under such. restrictions..
3.
6.
Describe the nature, amount, ratings and success of each munic-ipal appli'cant's most recent revenue and general obligation bond sales.
I'ndicate the current total outstanding.indebted-
'ess in each'. category'or each entity.
Provide copies of the official statement for the most. recent bond issue.
Provide copies of the preliminary statement for any pending security issue.
Provide copies of the most recent annual financial report and the most recent interim financial statements for each munizipa'i appli'cant.
Continue to submit copies of the annual fi.nancial report for each year thereafter as required by
- 10. CFR Part 50.71(b).
Is each par ti'cipant's percentage ownership share in the facility equal to its percentage entitlement in the electrical capacity and output of the plant'? If not, explain the difference(s) and any resultant effect on any participant's obligation to provide its share of design,.construction and operating costs.
7.
'8.
2 Describe the rate-setting authority of each municipal applicant and how that authority. may be used to ensure the satisfaction of financial obligations related to both capital and operating costs of the facility; Describe any restrictions on such rate-setting authority and liow this may affect the applicant's ability to satisfy its obligations to the project.
Describe the nature and amount of each municipal applicant's most recent rate relief action and the anticipated effect on revenues.
In-di'cate the natur e and amount of any pending rate relief action(s).
What is the estimated dollar amount that will be payable by the appli,cant at the date of closing the sale?
What is the total estimated dollar amount that the applicant will pay to the lead appli'cant after closing the sale and through completion of the units7 9.
Provide copies of the joint ownership agreement.
The Staff will require copies of the executed agreement as a condition of the CP amendment.
- 10. If a membership organization is participating in the joint ownersh'ip, explai'n the contractual arrangement among the members that assures that funds will b'e avai'lable to meet the entity's obligations to the project.,
Provide copies of the power sales.
contr'act.
Explain the procedure to be used by the lead appli'cant for.
billing the municipals for construction progress payments sub'sequent to closing the sale.
This may be answered by ref-erence to pertinent porti'ons of the joint ownership agreement that is sublni'tted to the Staff.
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UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, O. C. 20555 SEI'g tg8O Docket No. 50-389 Dr. Robert E. Uhrig, Yice President Advanced Systems
& Technology Florida Power
& Light Company Post Office Box 529100 Miami, Florida 33152
Dear Dr. Uhrig:
SUBJECT:
TRANSFER OF OWNERSHIP IN INTEREST TO CITY OF ORLANDO (ST.
LUCIE PLANT, UNIT NO. 2)
As a result of our review of your application for permission to transfer an ownership interest to the City of Orlando, Florida and the. Orlando Utilities Commission, we find that we need some additional information which is described in the Enclosure.
In order for us to complete our evaluation of your application on a timely basis we request that the information be provided by October 10, 1980.
Our information needs were previously provided to your staff.
Sincerely,
Enclosure:
Municipal Applicant Financial Information Robert L. Tedesco, Assistant Director for Licensing Division of Licensing cc:
See next page
Dr. Robert E. Uhrig, Yice President Advanced Systems and Technology Florida Power
& Light Company P. 0.
Box 529100 Miami, Florida 33152 CC:
Harold F. Reis, Esq.
Lowenstein, Newman, Reis
& Axel rad 1025 Connecticut
- Avenue, N.=W.
Washington, D. C.
20036 Norman A, Coll, Esq.
McCarthy, Steel, Hectory
& 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, O. C.
20555 Dr. David L. Hetrick Professor of Nuclear Engineering The University of Arizona Tucson, Arizona 85721 Or. Frank F. Hooper School of Natural Resources University of Michigan Ann Arbor, Michigan 48104 Resident Inspector St. Lucie Nuclear Power Station c/o U. S. Nuclear Regulatory Commission P. 0.
Box 400 Jensen Beach, Florida 33457
ENCLOSURE MUNICIPAL APPLICANTS' The'following financial information i's required for each municipal applicant:
1.
Provide a detailed statement of the projected sources of funds for each. muni'cipal appli'cant's capital contrib'ution to, the subject project showing b'oth'he timing and amounts that will be financed and advanced to the lead applicant for the acqui-si'ti'on of the respective ownership interest of the facility.
State in detai:1 all other construction expenditures that are projected to be. incurred during the acquisition period, in-cluding, other capital requirements such as sinking fund re-quirements and redemptions of maturing bond issues.
Indicate the expected breakdown between internally-generated funds and external fiiiancing duriiig the acquisition period in the meeting of total capital requirements.
Provide a detailed explanation of the assumptions upon which the projected sources of funds statement is based.
- 2. If any municipal applicant is to finance its ownership share with. bonds, indicate the source of funds. for payment of interest charges and principal.
Indicate the legal authority by which each: municipal appli'cant can issue bonds to provide financial support for the subject project.
Show the effect of any re-stri'ctibns on both project and total financing abi'lity stating the amount of financing that may 5e presently performed under such. restri ctibns..
3.
4.
5.
6.
Describe the nature, amount, ratings and success of each munic-ipal appli'cant's most recent revenue and general obligation bond sales.
I'ndicate the current total outstanding indebted-ness in each'. category for each entity.
Provide copies of the official statement for the most recent bond issue.
Provide copies of the preliminary statement for any pendi'ng security issue.
Provide copies of the most recent annual financial report and the most recent interim financi'al statements for each municipal appli'cant.
Continue to submit copies of'he annua1 financial report for each year thereafter as required by 10 CFR Part 56.71(b)'.
Is each participant's percentage ownership share in the facility equal to its percentage entitlement in the electrical capacity and output of the plant?
If not, explain the difference(s) and any resultant effect on any participant's obligation to provide its share of design, construction and operating costs.
Describe the rate-setting authority of each municipal applicant and how that authority. may be used to ensure the satisfaction of financi'al obligations related to both capital and operating costs of the facility.
Describe any restrictions on such rate-setting authority and how this may affect the applicant's ability to satisfy its obligations to the project.
Describe the nature and amount of each municipal applicant's most recent rate relief action and the anticipated effect on revenues.
In-di'cate the nature and amount of any pending rate relief action(s).
What is the estimated dollar amount that will be payable by the appli.cant at the date of closing the sale?
What is the total estimated dollar amount th'at the applicant will pay to the lead appli'cant after closing the sale and through completion of the units?
Provide copies of the joint ownership agreement.
The Staff will require copies of the executed agreement as a condition of the CP amendment.
If a membership organization is participating in the joint ownership, explai'n the contractual arrangement among the members that assures that funds will b'e avai'lable to meet the entity's obligations to the project.
Provide copies of the power sales contr'act.
Explain the procedure to be used by the lead appli'cant for.
billing the municipals for construction progress payments subsequent to closiiig the sale.
This may be answered by ref-erence to perti'nent porti'ons of the joint ownership agreement that is sub'mitted to the Staff.
4