ML19343D502
| ML19343D502 | |
| Person / Time | |
|---|---|
| Site: | Limerick  |
| Issue date: | 04/24/1981 |
| From: | Calkins G, Schwencer A Office of Nuclear Reactor Regulation |
| To: | |
| Shared Package | |
| ML19343D500 | List: |
| References | |
| NUDOCS 8105050030 | |
| Download: ML19343D502 (2) | |
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APR 'd 4 19 01 Docket Nos. 50-352 and 50-553 EVALUATION OF REQUEST FOR EXTENSION OF CONSTRUCTION C0fiPLETION DATES FOR THE LIHERICK GENERATING STATION, UNITS 1 AND 2 Summary On February 23, 1981, the Philadelphia Electric Company (PECo) filed a request pursuant to 10 CFR 50.55(b) for an extension of completion dates for the extensions of the completion dates are, for the construction of the Limerick Generating Station (LGS), Units 1 and 2.
The requested extensions of the latest complation dates are, for Unit 1, CPPR-106:
i April 1,1981 to October 1,1985; l
and for Unit 2, CPPR-107:
April 1,1982 to October 1,1987 The principal factors identified by the applicant as contributors to the revision in schedule are as follows:
l 1.
Reductions in electrical sales and peak load grobth rate, 2.
Sluggish economic growth, 3.
Financial considerations, 4.
High interest rates and tight credit.
r These factors can be attributed to market conditions beyond the control of the applicant and directly affects the applicant's ability to externally finance the previously planned construction program. As a consequence, the j
staff believes that the announced reduction in this program is a prudent I
managerial decision. This action improves the applicant's financing flexibility by reducing the imediate necessity to raise large amounts of capital in a difficult and costly environment.
We find that the delay factors indicated in the applicant's February 23, 1981 i
request constitutes good cause for granting the requested extension.
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i The staff finds that prior public notice of an order authorizing the re. quested extensions is not required since the action does not involve significant hazard considerations, and that good cause exists for the issuance of an order extending the earliest and latest completion of construction j
dates for the LGS as indicated.
Conclusion.
Accordingly, issuance of an order extending the latest completion dates for construction of the Limerick Generating Station Unit 1 as presently set forth in Construction Permit No. CPPR-106 to October 1,1985, and Unit 2, as set forth in Const uction Permit No. CPPR-107 and October 1,1987, should be authorized. ine order should be effective on the day of issuance.
l G. D. Calkins, Project Manager l
Licensing Dranch No. 2 Division of Licensing t
A. Schwencer, Chief l
Licensing Branch No. 2 i
Division of Licensing i
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