ML20032A979

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Notifies of 810925 Resolution to Defer Const of Facilities Until 830630,due to Financial Difficulties
ML20032A979
Person / Time
Site: Satsop, Washington Public Power Supply System
Issue date: 10/26/1981
From: Ferguson R
WASHINGTON PUBLIC POWER SUPPLY SYSTEM
To: Harold Denton
Office of Nuclear Reactor Regulation
References
GO1-81-334, NUDOCS 8111040176
Download: ML20032A979 (1)


Text

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Washington Fublic Power Supply System P.O. Box 968 3000 GeorgeWashingtonWay Richland, Washington 99352 (509)372-5000 G01-81-334 Docket No. 050-513 s

Docket No. 050-509 Mr. Parold R. Dentor, Director d

Off'ce of Nuclear Reactor Regulation t'

NOVQ 31981 p

U.". Nuclear Regulatory Comission Wshington, D.C.

20555 u.s. g umamos y

Dear Mr. Denton:

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Subject:

CONSTRUCTION SCHEDULES FOR

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WASHINGTON PUBLIC POWER SUPPLY SYSTEM UNITS 4 AND 5 This letter is to advise you that on September 25, 1981, the Supply System Board of Directors adopted a resolution implementing a deferral of construction on our WNP-4 and WNP-5 units until June 30, 1983. This interruption of construction is to be implemented in a manner consistent with preserving the asset associated with WNP-4 and 5 for later resumption of construction.

An interruption of construction is necessitated because of difficulties in simultaneous financing of all five of our plants now under construction, given the current h4h interest rates and bond market conditions.

The action to defar construction activities on WNP-4 and 5 will not change the schedules for completion of the lead units (WNP-1 and WNP-3) or our plans for submittal of operating license applications. Submittal of the OL applications for WNP-1/4 and WNP-3/5 are currento scheduled for December 1981 and April 1982, respectively.

Naturally, we expect to keep the NRC Region V Inspection and Enforcement Staff fully abreast of our plans and activities at WNP-4 and 5.

If you require additional information regarding this matter, please do not hesitate to contact me.

Very truly yours,

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R. L. FERGUSON RLF:GDB:rch Managing Director cc:

R. H. Engelken, NRC N. S. Reynolds, Debevoise & Liberman L. L. Wheeler, NRC R. Hernan, NRC j

0 9 o 8111040176 811026 PDR ADOCK 05000509 A

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