ML20002D169
| ML20002D169 | |
| Person / Time | |
|---|---|
| Site: | Crane  |
| Issue date: | 12/23/1980 |
| From: | Harold Denton Office of Nuclear Reactor Regulation |
| To: | Cantwell J AFFILIATION NOT ASSIGNED |
| References | |
| NUDOCS 8101190630 | |
| Download: ML20002D169 (8) | |
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"r. Jack A. Cantwell SCavanaugh w/ ticket 4810 Imogene FHughes Houston, Texas 77096 MStine TMI PS r/f AE0D
Dear Mr. Cantwell:
Green Ticket File w/inc. & ticket H0rnstein TMI Site r/f TMI SEP r/f This letter is in response to your November 18, 1980 letter to President Carter which was forvarded to the Nuclear Regulatory Commission (NRC).
In your cor-respondence, you cocnented upon the activities at Three f111e Island (TMI) with ecchasis on the restart of Unit 1, the financial impacts on consumers and the action of the NRC.
In your November 18, 1980 letter, you mentioned a prior contact with the NRC and the absence of a response. A brief search of our correspondence files did not reveal any previous written correspondence under your name; so on Decem-ber 18, 1980 an attempt was made to contact you by telephone to identify your earlier communication at your Houston, Texas address. This attempt was un-successful since no listing was available through the directory assistance operator. 'ie trust the folicwing response will be responsive to your earlier Concerns.
As you may be aware, the resumption of operation at TMI-l is the subject of a hearing by an Atomic Safety and Licensing Board (ASLB) of the NRC. That hear-ing started on October 15, 1980 and is ongoing. The record on which the Com-mission will make a decision on resumption of operation of TMI-l will include a recommendation from the ASL3.
While we are, of course, concerned about financial impacts on consumers and stock holders, the 'iRC's primary responsibilty is the assurance of public health and safety. State public utility coccissions and the Federal Energy Regulatory Commission have primary responsibility regarding the financial aspects of electric power generation.
The 'iRC staff is actively involved in the ongoing review of technical infor-mation concerning ^.he restart of Unit 1, and activities associated with the clean-up of Unit 2.
Your cornents and interest in these matters is appreciated.
Sincerely,
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Dear Mr.\\Cantwell:
RCapra BSnyder This letter is in response to your '8ovember 18, 1980 letter to President Carter s
which was fcrwarded to the 'fuelear Regulatory Commission (NRC).
In your cor-resnandence, ycu corrented upcon the activities at Three Mile Island (TMI) with emphasis on thd' restart of Unit 1, the financial impacts on consumers and the action of the NRC.
As you may be aware,\\the res'imption of cperation at TMI-l is the subject of a hearing by an Atemic Safety and Licensing Board (ASLR) of the NRC. TSat hear-ing started on October 15, 1980 and is ongoing. The record on which the Con-mission will make a decisibn on resumption of operation of T't!..I will include a recommendation from the ASC%s While we are, of course, concernekbout financial impacts on consumers, the NRC's primary responsibilty is the as.surance of public health and safety.
State public utility commissions and the Federal Energy Regulatory Comission Save primary responsibility regarding th'e financial ispects of electric pcuer generation.
The '4RC staff is actively involved in the engoinhreview of technical infor-mation concerning the restart of Unit 1.
vour connents and interest in these matters i:: appreciated.
Sincerely,
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Harold R. Denton, Director Office of Nuclear Reactor Regulation ORB #4:D Q C-0RB#4:
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November 19, 1990 Honorable Jieny Carter, President
'4hite House Vashincton, D. C.
Dear vr. Carter:
I know you are interested in what is goine on at Three Mile Island.
I am writing you this letter as a last-ditch measure to zet something done to recedy the financial situation that has de-veloped.
Cne of the twin plants at Three Mile Island did not suffer any dataae in the accident but was shut down by the Nuclear Regulatory Commissicn.
It was supposed to have been placed back in operation af ter the investigation of the accident but, to date, this has not been done.
I have contacted the NEC but didn't even get an answer from ther.
Due to the "d o nothing ' attitude of the NEC, the stockholders and the Concany are faced with the prospect of bankruotcy.
It has been necessary for the Company to purchase outside electricity for which it has not been adequately compensated by the rates set by the utility commissions of New Jersey and Fennsylvania.
I hope that you or Mr. Rea an can abolish the NEC as an in-dependent agency and place it under some other agency that can get the j ob d one.
This will also save government =oney.
Due to the above situation, the price of General Public Utility stock has fallen from 318.00 to $4.50 per share as no dividends i
of any kind have been paid this year.
As e ridenced by copy of letter enclosed from the Chairman of General Public U tility, he doesn't know when a dividend can be paid.
I sincerely hope that you can aet the Nuclear Regulatory Commission to permit the re-opening of the undamaged plant.
Yours very truly,
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Hon. Fonald Reagan, Houston,' Texas 77096 (Y,b's j Sp Fresident Elect
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vr. Vc. c. Kuhns, Chairman, C FU (d'bt'/
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GENERAL Wittiam G. Kuhns PUBLIC Cha rman UTILITIES 100 Interpace Parkway CORPORATION Pars:ccany, New Jersey 07054 (201) 263-6500 October 16, 1980 Mr. Jack A.
Cantwell 12006 Pender Lane Stafford, Texas 77477
Dear Mr. Cantwell:
I apologize for not replying to your September 24 letter before I received your October 6 letter - these have been very busy tirces.
It is a very active time with your company.
The Pennsylvania Public Utility Commission has launched an intensive effort to obtain federal assistance for the clean-up of Three Mile Island.
We support that effort and have been working hard the past few months with the utility industry in an attempt to generate a national re-sponse to the accident costs.
Certainly the lessons learned from the accident have and will contjnue to benefit the entire nuclear industry across the country and, indeed, around the world.
In addition, we believe that the federal government had more than a casual involvement and respon-sibility for what happened at Three Mile Island.
Very little, if anything, is likely to happen with regard to a federal government response before'the election.
In the meantime, we are struggling to maintain service and a reasonable level of clean-up activities at the Island pending further response from the state regulators and the NRC to our needs.
The need to conserve our cash resources concinues and I am unable to predict when we might be able to return to a cash dividend program which I knew is so important to the stockholders.
It is unfair that the stockholders bear the major burden of this accident and we will not relax our efforts one bit until there's more equitable sharing of the costs of this unprecedented event.
I appreciate your being in touch with government officials -
I knew it can be helpful.
Sincerely,
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October 6, 1980 Mr. William G. Kuhns, Chairman General Public Utilities Corporation 100 Interpace Parkway Parsippany, New Jersey 0705h rear Mr. Kuhns:
I haven't heard from the last letter I wrote you a few days ago, however, I act taking the privilege of writing to you again.
As I have,said before, I will reach retirement age next summer.
I have my life-savings, approximately S60,300.00 invested in General Public Utilities stock.
I am sorely in need of the dividends that the stock should be paying.
I am losing over E6,000.00 a year in dividends.
The first thing that was done after the accident a year and a half ago was the reducticn of dividend paymants frem the rate of $1.83 per share to $1.00 per share per year. As if this were not bad enough, all dividends were discontinued this year and ncne have been paid during 1960.
This is indeed, a shameful situation, caused primarily by the Utility Cor. missions of Pennsylvania and New Jersey whose members are all' wing only enough inuome to GPU to supply the barest of necessities c
to keep the generaters turnbag to supply the customers with lcw-cost electricity at the expense of the stockholders who are receiving nothing on their invested capital. With interest rates at an all-time high, this is a hard thing for us ihvestors to accept.
The Nuclear RegulatcryCc= mission is not without blame in this situ-ation. They are also playing politics. They have nct allowed the un-damaged plant to return to prcduction', thereby maintaining the burden of purchasing outside electricity for the use of the customers.
They are probably afraid of opposition from the public if they permit the operation of the undamaged plant.
In light of this fact, it is foolish to spend any more money to reclaim the damaged plant.
It is apparent that the welfare of the stockholders is of little concern to the Commissioners.
They are only interested in -low-cost electricity to satisfy their loud-mouthed, free-loading constituents.
I was amused at the newspaper clipping sent to me by one of the members 9
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'of the Commission which bears out the fact that some of the people up there who have been enjoying low-cost electricity are yelling before they are hurt. This type of free-loader is to be foond in almost any community.
If that individual had his life savings invested in GPU he would be singing an entirely different tune.
I am sending copies of this letter to the Co missicners.
I believe that everything I have said is true.
I hope they will mend their ways.
I am also sending copies to the Justice Department and an asking the Attorney Ceneral to investigate this matter to see if a conspiracy exists to exploit or defraud the stockholders of Ceneral Public Utilities Corp.
I am also sending copies to certain congressmen and senators, ask-ing for legislation to ' establish gaide lines to govern the actions of Ccemissioners in dealing with cases of this nature. Under the present laws the stockholder is not represented by anyone on the Cemnission.
The Commissioners only have to answer to their ccnstituents - the utility custcmers. The Commissioners have tne power to bankrupt the stockholders which they are now doing at CPU. Because of the non-payment of dividends, GPU stock is new worth only 25p on the dollar and would bankrupt the stockholders if thny were forced to sell.
Last month my electric bill here at Houston was $125.00 and I was gone from home much of the time. My notshbor8s bill was $250.00.
I have no doubt but what customers of GPU are still enjoying lower rates than I am.
Please let me knew what is going to be done to put a stop to this ridiculous situation and also when the stockholders can expect to receive a dividend payment.
- foursverytruly, I
Mr Jac$
k A. Cantwell q$006 Pender Ln.
Stafford, Tx.
77h77 i
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