ML19308C966

Forwards Util 800123 News Release Re Decision by Facility Owners to Terminate Const Plans.Reduced Load Growth Projections,Financial Constraints & Current Climate of Overregulation Cited as Principal Causes

ML19308C966
Person / Time
Site:	Davis Besse
Issue date:	01/24/1980
From:	Silberg J SHAW, PITTMAN, POTTS & TROWBRIDGE
To:	Rosenthal A NRC ATOMIC SAFETY & LICENSING APPEAL PANEL (ASLAP)
References
NUDOCS 8002130014
Download: ML19308C966 (4)

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~Si Re: The_ Toledo Edison Company (Davis-Besse Nuclear Power Station, Units 2 and 3)

Docket Nos. 50-500 and 50-501

Dear Mr. Rosenthal:

Enclosed is a copy of a news release issued on January 23, 1980, by The Toledo Edison Company, which announces a decision by the co-owners of the Davis-Besse Nuclear Power Station, Units 2 and 3, to terminate plans for those units.

In light of this decision, we respectfully request that the Atomic Safety and Licensing Appeal Board terminate any further proceedings in these dockets.

Very truly yours, f .

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Jay E. Silberg Counsel for Applicants ec: Marjorie B. Ullman, Esquire Dr. David L. Hetrick Dr. Cadet H. Hand, Jr.

Mr. James R. Yore Docketing and Service Section 8002180 O J

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m.:wu au wusa Put:he Information Decartmen: 3CO Madiscn Avence . Tctedo Chio 40652 Centact: Rcger Buehrer (419) 259-5420 For Release: Wednesday, Date: January 23, 19S:

TOLEDO EDISCN TEFl4INATES PLANS FOR CAVIS-SESSE UNITS TOLE 00, O.,

January 23 - Toledo Edison said tcday that proposed second and third units at Davis-Besse' Nuclear Power Stat'on are a=cng four generating units which have been terminated by the Central Area Power Coordinating Group (CAPCO) .

Stretched out schedules were announced

. for three units under construction in which Toledo Edison has a 20 per cent ownership. -

John P. Williamson, Toledo Edison chairman and chief executive officer,said the two nuclear units were to be built and operated by Toledo Edison.

The Ccmpany would have owned about 20 per cent of the units as well as the same percentage o# two units Ohio Edison Ccmpany was to build and operate in Erie County near Berlin Heights which were also teminated.

"We remain convinced that nuclear pcwer is a safe , clean and officient fo: n of energy," he said. "However, we were committed to a very. heavy nuclear program--one of the heaviest in the country. In  !

view of reduced load growth projections, financial constraints and today's climate of over-regulation, we do not believe it is feasible to proceed with future units at this time.'

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Toledo Edison remains committed to nuclear power, he said, through its investment in about half of the Davis-Besse Unit One plus abou t 20 per cent ownership in capacity of t.he three CAPCO nuclear units under construction, two at North Perry, Chio and another at Shippingport, Pennsylvania.

"When the ccmmitted nuclear capacity is available to us by late 1980's we will have a favorable generation mix of 50 per cent ccal, 45 per cent nuclear and 5 per cent in oil," he said.

"For these next few years, as the country's energy situation continues unresolved, custcmers will be asked to develop more of a conservation ethic than they have evidenced in previous years.

eful and wise use of energy has always been a scod idea. Good control of electricity use during peak hours will help us postpone adding new capacity. Perhaps this period will be long enough that the political and regulatory clinate can change in ways that will recognite the really extreme difficulties imposed on the only viable fuel rescources available on a large scale through 2,000--coal and nuclear," he said.

i The estimated original cost of the Davis-Besse units was about Si billion each. By 1979, increased regulation and the impact of inflation had increased those estimates to about $3.4 billion ccmbined cost.

"Even with the termination of the four units , Toledo Edison's installed reserve capacity should be adequate through the 1980's to m'ee t the currently forecasted load growth," Mr. Willia = son said.

"The first additional capacity will ccme later this year when the third unit at the Bruce Mansfield ccal-fired station on the Chio River is put into operation. Toledo Edison has about a 20 per cent cwnership in that facility also."-

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Toledo Edison 1-23-80 4.

Plans for the Davis-Besse units were announced in 1973 with the original in-service date set for the early 1980's. Since then there have been four announced delays ar.ounting :o about seven years.

The last delay was announced in Nevereber 1978, when the four units-were delay.ed three years.

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