ML19296C678
| ML19296C678 | |
| Person / Time | |
|---|---|
| Site: | Crystal River  |
| Issue date: | 11/17/1976 |
| From: | FLORIDA POWER CORP. |
| To: | |
| Shared Package | |
| ML19296C679 | List: |
| References | |
| NUDOCS 8002270728 | |
| Download: ML19296C678 (14) | |
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8v CRYSTAL RIVER Application for License Unit 3 3
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DOC K ET NO. 50-302 Crystal River Unit 3
Nuclear Generating Plant 4
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APPLICATION s;
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FLORIDA POWER CORPOR ATION
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O BEW RE THE UNITED STATES ATOMIC ENERGY COMMISSION DOCKET NO. 50-302 l9 In the Matter of FLORIDA POWER CORPORATION O
APPLICATION 10R LICENSES UNDER THE. ATOMIC ENERGY ACT OF 1954 AS AMENDED for CRYSTAL RIVER UNIT 3 l9 NUCLEAR CENERATING PLANT
'0007 152
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DATE: August 10, 1967 (Rev. 4-27-70)
Before the UNITED STATES ATOMIC ENERGY COMMISSION Docket No. 50-302 In the Matter of FLORIDA POWER CORPORATION APPLICATION FOR LICENSES Florida Power Corporation (hereinaf ter sometimes referred to as "1.pplicant" hereby makes application pursuant to the provisions of the Atomic Energy Act of 1954, as amended, and the Atomic Energy Commission's Rules and Regulations thereunder, f or the necessary licenses (including a construction 9
permit) to construct, own, use and operate a nuclear electric generating plant to be located in Citrus County, Florida, and to be known as Crystal River Unit 3 Nuclear Generating Plant (hereinaf ter called " Facility"), as an integral part of its total operating system.
Thir application is being made for the proposed generating unit pursuant to the provisions of 10 CFR H 50.34, which is set out in a separate document entitled " Crystal River Unit 3 Nuclear Generating Plant, Final Safety Analysis 13 Report," filed February 8,1971 as Amendment No. 11 to the Application, and made a part thereof.
0007 153 1
(Rev. 9-1-71)
CENERAL INFORMATION (a)
Name of applicant Florida Power Corporation Incorporation, organized and operating under the Laws of Florida.
(b)
Address of applicant 3201 - 34th Street South-P. O. Box 14042 St. Petersburg Florida 33733 (c)
Description of business or occupation of applicant Applicant is an operating public utility engaged exclusively in the production, transmission, distribution and sale of electricity in the general service area indicated on the service area map, which is attached hereto as Exhibit 1.
The Business and Property of the Applicant is described on pages 7 through 15 of a Prospectus dated June 11, 1974, filed with the 9
Securities and Exchange Commission, in connection with Applicant's issuance of additional shares of cumulative preferred stock, which is included under Tab 1 - Financial Statements as Exhibit 2.
Applicant's operating revenues for 1975 totalled $504,496,000 of which 43.8% was derived from residential sales, 26.3% f rom commercial sales,
13.9% from industrial sales, and 16.0% from other sources.
In the five-year period ended December 31, 1975 Applicant experienced a growth in annual gross revenues of 135.6%. The average KWH sales per residential customer decreased from 9,758 KWH to 9,701 KWH during this period.
Applicant completed the conversion of Crystal River Unit 2 from coal fueled to an oil-fueled plant with a capability of 510,000 KW.
This Unit was originally placed in service in November, 1969. The total installed 0007 154
- 2 Am. 50 (11-17-76)
generating capacity of Florida Power Corporation is now 3,912,000 KW including recent gas turbine peaking unit installations at the Inter-cession City Site, DeBary Site and the P. L. Bartow and Bayboro Plant Sites.
Florida Power Corporation started construction in mid 1971 of a 2 Unit 1,030 MWe fossil f ueled steam-electric generating station at a
new site in Pasco County, Florida with Unit 1 made operation in September, 1974 and Unit 2 has been indefinitely postponed.
Applicant has interchange arrangements with the power companies adjacent to its service area. These include arrangements with the Southern Company, Tampa Electric Company, Florida Power and Light Company and Orlando Utilities Commission.
(d)
Organization and Management of Applicant Applicant is a corporation organized and existing under the laws of the State of Florida and its principal office is located in St. Petersburg, Florida, at the address stated above.
All of the Applicant's principal officers and directors are citizens of the United States. Their names and addresses are as follows:
OFFICERS & OFFICER-DIRECTORS Name Address Dr. Jack B. Cirtchfield Winter Park, Fla.
Sam T. Dell Gainesville, Fla.
Byron E. Herlong Leesburg, Fla.
Andrew H. Hines, Jr. -
President & Chief Executive Officer St. Petersburg, Fla.
Frank M.Hubbard Orlando, Fla.
l ceorge W. Jenkins Lakeland, Fla.
0007 155 Am. 50 (11-17-76)
Richard C. Johnson St. Petersburg, Fla.
Robert M. King St. Petersburg, Fla.
A. P. Perez St. Petersburg, Fla.
R. E. Raymond - Senior Vice President St. Petersburg, Fla.
C. W. McKee, Jr.
St. Petersburg, Fla.
Applicant is not owned, controlled or dominated by any alien, any foreign corporation, or any foreign government.
It is. making this application in its own behalf and not as agent or representative of any other person.
(d)
Class and Period of License Applied for and Use to Which Facility Will Be Put The license hereby applied for is a class 104(b) construction permit and operating license for said Facility as defined by 10 CFR H 50.21.
It is requested that the term of the license be for a period of forty (40) years.
Applicant further requests such additional source, special nuclear, and by-product material licenses as may be necessary or appropriate to the acquisi-tion, construction, possession and operation of the licensed facility. The Babcock & Wilcox Company will supply fabrication for the first fuel core.
Feed material for the first core will be provided by Applicant through private acquisition.
The Facility will be an addition to an existing 2 unit oil-fueled plant (being con rerted from oil to coalhonsisting of a 387 MWe unit and a 510 MVe unit.
The facility will include a pressurized water reactor. Applicant plans for Unit 3 to be capable of an output of 2452 MWt corresponding to a gross electrical capability of about 855 MWe.
At the time Unit 3 goes into service O
0007 156
_4_
Am. 50 (11-17-76)
in 1977 it will represent 18.0% of our total new maximum dependable generating capability of 4,767,000 including Unit 3 and assuming no retirements of facility.
All physics and core thermal hydraulics information in the attached Final Safety Analysis Report is based upon the reference core design of 2452 MWt.
Site parameters, principal structures, engineered safeguards, and the hypothetical acci-dents evaluated are for the expected ultimate output of 2544 for the nuclear steam supply system.
(f)
Financial Qualifications of Applicant Applicant estimates that the total cost of said Facility, including the initial core, will be approximately 448,536,967 and the total inventory cost of the first core and spares will be approximately 32,328,000 as shown on Exh' bit 3 under Tab 1 -
Financial Statements.
Construction of said Facility will be financed as an integral part of Applicant's total construction program.
Initially the Applicant will obtain lines of credit from commercial banks for short-term borrowings at the prime rate, and thereafter will permanently fund by selling senior securities.
Due to changing market condi-tions, no definite statement can be made at this time to the type of securities which will be sold or the date of their sale. The Applicant's First Mortgage Bonds are rated A by Moody's and A by Standard & Poor's.
The bonds issued prior l
to January 1, 1969 have a cash sinking fund that requires that 1 3/4% of the principal amount of each series of bonds be provided in the form of bondable additions, cash, or bonds as a sinking fund. Two series of these bonds totalling
$14,400,000 matured on January 1,1974 and were refunded late in 1973.
No further refunding of first Mortgage Bonds will be required until 1978.
0007 157 3
Am. 50 (11-17-76)
O The Applicant's Convertible Debentures are rated Baa.
It is presently anticipated that the Applicant will issue long-term debt and equity securities during this period in a manner consistent with the maintenance of desirable capitalization ratios.
On July 31, 1975 the Applicant sold 10% of the ownership of the Crystal River Unit 3 Nuclear Generating Plant to eleven other utilities.
The financial details surrounding the joint ownership of Crystal River Unit 3 are contained in Supplement No. I to this Application.
O O
0007 158-5a Am. 46 (8-22-75)
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O Financial statements for the Applicant as of December 31, 1973 and February 28, 1974 (unaudited) are included in Exhibit 2.
Additional financial and statistical information is shown in the Applicant's Ten-Year Statistical Report 1965-75 and Interim Financial Statement dated September 30, 1976, which are included under Tab 1 - Financial Statements as Exhibit 4 and Exhibit 4A respectively. The Applicant's 1975 Annual Report is attached hereto as Exhibit 5 under Tab 2 - Annual Report to Shareholders.
It is the Applicant's intention to use uranium for the first core and for subsequent cores purchased by the Applicant on the open market and then toll enriched.
The applicant will carry builders' risk insurance during the construction of said Facility and charge these costs to construction expenditures.
O007 159. Am 50 (11-17-76)
Applicant will also obtain all required and appropriate property and liability insurance for said facility and its nuclear fuel, and will advise the Commission accordingly.
As required by CFR 9 50.33 (f) and based upon the information contained in the several annual reports, financial and statistical reports attached as exhibits to this application or,previously submitted to the NRC in connection with the application, Applicant hereby states that it possesses or has the reasonable assurance of obtaining sufficient resources and funds necessary to cover the estimated operating costs of the facility for a period of not less than five years plus the estimated cost of permanently shutting down the facility and maintaining it in a safe condition. The above mentioned costs are shown on Exhibit 3A under Tab 1 - Financial Statements.
In addition to the above financial statements, a summary of the Company's most recent rate increase and a financial analysis for the years e 9
December 31, 1975, and December 31, 1974, are shown in Exhibits 3B and 3C respectively.
(g)
Technical Qualifications of Applicant Consistent with Applicant's established practice with all of its generating station additions, design and construction of said facility will be managed by Applicant's personnel in its System Engineering and System Construction Departments.
Engineering design will be performed by Gilbert Associates, Inc., Consulting Engineers, Reading, Pennsylvania. The nuclear steam supply system (including reactor, primary loops and steam generators, miscellaneous systems, instrumentation and controls, erection of the nuclear steam supply system, and supporting tech-nical services) for Unit 3, as well as initial fuel fabrication, will be supplied by the Babcock & Wilcox Company.
All equipment, materials, supplies and construction services will be procured directly by Florida Power Corporation f rom selected suppliers and a'ny. com"Iianc 000 inspections will be arranged fo: by Florida Power Corporation.
7 Am. 50 (11-17-76)
The technical qualifications of Applicant to engage in the proposed activities are described in Exhibit 6 under Tab 3 - Technical Qualifications.
Also included in Exhibit 6 are the technical qualifications of the Babcock
& Wilcox Company, supplier and erector of the Nuclear Steam Supply System; Gilbert Associates, Inc., serving as Applicant's Architect-Engineer; J. A. Jones Construction Company, General Contractor with its subsidiary, Livsey & Company, Inc. as Mechanical Sub-Contractor;. and E.C. Ernst, Inc.,
Electrical Contractor.
(h)
Completion Dates Construction of Unit 3 is scheduled for completion in time for fuel loading to begin in November, 1976, and for earliest commercial operation in February, 1977.
(i)
Restricted Data An agreement limiting access to Restricted Data as required by 10 CFR 50.37 is attached hereto as Exhibit 7 under Tab 4 - Agreement -
Restricted Data. This application in the form submitted does not contain Restricted Data or other defense information.
It is requested that all communications pertaining to this application be sent to:
J.T. Rodgers, Assistant Vice President Florida Power Corporation 3201 - 34th Street South P.O. Box 14042 St. Petersburg, Florida 33733 Am. 50 (11-17-76)
O I:I WITIIESS WHEREOF, Florida Power Corporation has caused its name to be hereunto signed by A. P. Perez, its Vice President, and J. T.
Rodgers, its Nuclear Project Manager, and its corporate seal to be hereto affixed by G. F. Foley, its Secretary, this 9th day of August, 1967.
FLORIDA POWER CORFORATIO:I (CORPORATE SEAL)
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By T
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Vice Preside'nt ATTEST:
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Secretary By Nuclear Project M.ana.Ter 00'd7162 9
O STATE OF FLORIDA
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SS.
COUNTY OF PI?iELLAS )
A. P. Perez, being duly sworn, states that he is Vice Presidsnt of Florida Pcver Corporation; that he is authorized on the part of said Cc=pany to sign and file with the Atomic Energy Cec =ission this application and exhibits attached thereto; that he has read all of the statements contained in such application and the exhibits attached thereto and made a part thereof; and that all such statements made and matters set forth therein are true and correct to the best of his kncvledge, information and belief.
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A. P. Perez '/
Subscribed and sworn to before me, a Notary Public in and for the State and County above named, this 9th day of August,1967.
(SEAL)
Notary Public Notary Public, State of Florida at Large.
W Cc =ission Expires July 9, 1970.
O 10
O STATE OF FLORIDA
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SS.
COUNTY OF PINELLAS )
J. T. Rodgers, being duly sworn, states that he is Nuclear Project Manager of Florida Power Corporation; that he is authorized on the part of said Cc=pany to sign and file with the Atc=ic Energy Co==ission this application and exhibits attached thereto; that he has read all of the state =ents contained in such application and the exhibits attached thereto and made a part thereof; and that all such statements made and matters set forth therein are true and correct to the best of his know-O ledge, information and belief.
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J. T. Rodgers Subscribed and sworn to before me, a Notary Pablic in and for the State and County above named, this 9th day of August, 1967.
(SEAL) t.
Notary Public Notary Public, State of Florida at Large.
4 Cc==ission Expires July 9, 1970.
D007 164 9
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