ML20039F950
"Draft Meeting" is not in the list (Request, Draft Request, Supplement, Acceptance Review, Meeting, Withholding Request, Withholding Request Acceptance, RAI, Draft RAI, Draft Response to RAI, ...) of allowed values for the "Project stage" property.
| ML20039F950 | |
| Person / Time | |
|---|---|
| Site: | Atlantic Nuclear Power Plant  |
| Issue date: | 12/28/1981 |
| From: | Mallory M Office of Nuclear Reactor Regulation |
| To: | Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8201140202 | |
| Download: ML20039F950 (9) | |
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UNITED STATES g
NUCLEAR REGULATORY COMMISSION D
j WASHINGTON. D. C. 20555
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DEC 2 8193g Docket No. 50-437 APPLICANT:
Offshore Powr Systems FACILTIY:
Floating Nuclear Plant Subj ect: Summary of Meeting with Applicant on Financial Qualifcations of OPS Ori November 2,1981 a meeting between representatives of Offshore Power Systems (0PS) and the staff was held in Bethesda to discuss the financial qualifications of Offshore Pcwer Systems relative to the application for a Manufacturing License (ML). The applicant infomed the staff of their intent to update the financial qualfications portion of the application in a forthcoming amendment. The applicant explained that the application amendment would include current information on OPS's financial qualifications.
0PS provided to staff, infomal draf t copies of the updated financial qualifications, (copy attached) and expressed their. intent to submit the final updated financial qualifications as a part of the ML application amendment in mid-November.
Due to the current hearing / review schedule for'the ML, the applicant and the staff agreed that the update was. timely. The staff infonned the applicant that the review of the amended application would be provided as written testimony to the ASLB when the Board reconvened in early December.
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Michael W. Mallory, Pr ct Manager l
Licensing Branch #4 Division of Licensing
Enclosure:
l As Stated cc: See next page l
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8201140202 811228 i
PDR ADOCK 05000437 I
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FNP Mr. A. R. Collier, President Offshore Power Systems P.O. Box 8000 8000 Arlington Expressway Jacksonville, Florida 32211 cc: Vincent W. Campbell, Esq.
Carl Valore, Jr., Esq.
Vice President & General Counsel Valore, McAllister, DeBrier, Offshore Power Systems Aron & Westmoreland P.O. Box 8000 Mainland Professional Plaza 8000 Arlington Expressway 535 Tilton Road Jacksonville, Florida 32211 P.O. Box 152 Northfield, New Jersey 08225 Thomas M. Daugherty, Esq.
Offshore Power Systems Dr. Willard W. Rosenberg P.O. Box 8000 8 North Rumson Avenue 8000 Arlington Expressway Margate, New Jersey 08402 Jacksonville, Florida 32211 Mr. John Williamson Barton Z. Cowan, Esq.
211 Forest Drive Eckert, Seamans, Cherin & Mellott Linwood, New Jersey 08221 600 Grant Street, 42nd Floor Pittsburgh, Pennsylvania 15219 Harold P. Green, Esq.
Fried, Frank, Harris, Shriver David S. Fleischaker and Kampelman 1735 Eye Street Suite 1000, The Watergate 600 Suite 709 600 New Hampshire Avenue, N.W.
Washington, D. c.
20006 Washington, D. C.
20037 Dr. Glenn L. Paulson Nuclear Coordinator Assistant Commissioner Office of Merchant Marien Safety State of New Jersey Commandant (GMMT-4)
Dept. of Environmental Protection U.S. Coast Guard Labor and I1dustry Building Washington, D. C.
20590 John Fitch Plaza Trenton, New Jersey 08625 Mr. Mitchell Atta11a 4028 Ponce Deleon Avenue Keith A. Onsdorff, Esq.
Jacksonville, Florida 32217 Miriam N. Span, Esq.
Assistant Deputy Public Advocates Mr. Reg Crowder 520 East State Street Jacksonville Journal P.O. Box 141 P.O. Box 1949
- Trentton, New Jersey 08625 Jacksonville, Florida 32201 s
Richard M. H1uchan New Jersey State Deputy Attorney General State House Annex Trenton, New Jersey 08625 "
r MEETING
SUMMARY
DISTRIBUTION DEC 2 81931 Docket File G. Lear NRC/PDR S. Pawlicki Local PDR V. Benaroya TIC /NSIC/ TERA Z. Rosztoczy LB #4 r/f W. Haass H. Denton D. Muller E. Case R. Ballard i
D. Eisenhut
.W. Regan R. Purple R. Mattson B. J. Youngblood P. Check A. Schwencer
- 0. Parr F. Miraglia F. Rosa J. Miller
.W. Butler G. Lainas W. Kreger R. Vollmer R. Houston J. P. Knight W. Gammill l
R. Bosnak L. Rubenstein F. Schauer T. Speis R. E. Jackson W. Johnston Attorney, OELD S. Hanauer OJE (3)
ACRS (16)
F. Schroeder R. Tedesco D. Skovholt M. Ernst K. Kniel NRC
Participants:
G. Knighton A. Thadani D. Tondi l
J. Kramer D. Vassallo P. Collins l
D. Ziemann F. Congel I
J. Stolz M. Srinivasan l
R. Baer bec:
Applicant & Service List C. Berlinger E. Adensam Project Manager M. Mallory Licensing Assistant M niincan m
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1 BEFORE THE UNITED STATES NUCLEAR REGULATORY COMMISSION DOCKET NO.
STN 50-437 In the Matter of Offshore Power Systems APPLICATION FOR MANUFACTURING LICENSE UNDER THE ATOMIC ENERGY ACT OF 1954 AS AMENDED AND THE ENERGY REORGANIZATION ACT OF 1974 for Eight Floating Nuclear Plants Revision 2 November 9, 1981 t
t 0FFSHORE POWER SYSTEMS
~ Application for Manufacturing License General Information 1.
Name of Applicant Offshore Power Systems 2.
Address of Applicant Post Office Box 8000 8000 Arlington Expressway Jacksonville, Florida 32211 3.
Description of Business of Applicant Offshore Power Systems is an unincorporated joint venture of West '
inghouse Electric Corporation, a Pennsylvania corporation, and Westing-house International Power Systems Company, Inc., a Delaware corpora-ti on.
Westinghouse Electric Corporation owns 99 percent of Offshore Power Systems and Westinghouse International Power Systems Company, Inc. owns the remaining 1 percent. Offshore Power Systems is registered in the State of Florida under the fictitious name statute and the principal office and business location is Jacksonville, Florida.
Offshore Power Systems' principal officers are as follows:
A. R. Collier, President V. W. Campbell, Secretary P. B. Haga, Director, Power Systems Technology R. A. Thomas, Director, Marine Design D. T. Van Liere, Director Operations J. P. Galvanek, Controller-Treasurer J. N. Wil ke, Director, Marketing W. J. Staten, Vice President, Administrative Services The address of each of the officers is P. O. Box 8000, Jacksonville, Florida 32211.
All officers are citizens of the United States.
Offshore Power Systems and the parent companies Westinghouse Electric Corporation and Westinghouse International Power Systems Company, Inc.
Revision 2 1.
November 9, 1981
t are not owned, controlled, or dominated by an alien, a foreign cor-poration or foreign government.
Westinghouse Electric Corporation is a corporation organized and incorporated under the laws of the Commonwealth of Pennsylvania and has its principal place of business at Pittsburgh, Pennsylvania.
The directors of Westinghouse Electric Corporation are as follows:
D. D. Danforth Barbara H. Franklin R. Burt Gookin Dr. Donald F. Hornig R. E. Kirby John F. McGillicuddy David T. McLaughlin William H. McMurren Roger Milliken Richard R. Pivirotto
- 0. Pendleton Thomas Hays T. Watkins The principal officers of Westinghouse Electric Corporation are as follows :
R. E. Kirby Chairman and President D. D. Danforth Vice Chairman E. V. Clarke, Jr.
Executive Vice President G. C. Hurlbert Executive Vice President T. J. Murrin Executive Vice President J. C. Marous, Jr.
Executive Vice President L. W. Yochum Executive Vice President All directors and all principal officers of Westinghouse Electric Corporation are citizens of the United States and can be addressed at Executive Offices, Westinghouse Electric Corporation, Gateway Center, Pittsburgh, Pennsylvania 15222.
Westinghouse International Power Systems Company, Inc. is a corporation organized and incorporated under the laws of the State of Delaware and has its principal place of business at Pittsburgh, Pennsylvania. It is a wholly-owned subsidiary of Westinghouse Electric Corporation. - The directors of Westinghouse International Power Systems Company, Inc. are as follows:
J. D. Cotton K. J Culp Theodore Stern R. E. Thomson H. A. Williams N. D. Woodson Revision 2 2.
November 9, 1981
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The principal officers of Westinghouse International Power Systems Company, Inc. are as follows:
Theodore Stern Chairman of the Board N. D. Woodson President K. J. Culp Vice President H. A. Williams Vice President R. J. Cinelli Vice President J. D. Cotton Vice President W. H. Hollinshead Treasurer R. E. Thomson Controller B. A. Hansen Secretary All directors and all principal officers of Westinghouse International Pcwer Systems Company, Inc. are citizens of the United States and can be addressed at the Executive Offices, Westinghouse Electric Corporation, Gateway Center, Pittsburgh, Pennsylvania 15222.
4.
Agency Offshore Power Systems is neither acting as the agent nor as the representative of another person in filing this application.
5.
Class and Period of License Applied For This application is submitted under Section 103 of the Atomic Energy Act of 1954, as amended, and pursuant to 10 C.F.R. 50, Appendix M, for a license to manufacture eight floating nuclear plants. The license is sought for a period of fourteen years such that manufacture of the eight floating nuclear plants will be completed during the period commencing no earlier than July, 1991 and ending no later than July, 1999, with manufacture of the first plant in the previously prepared manufacturing facility to begin no earlier than 1985. Assuming each owner obtains the necessary permits and licenses in a timely manner, plant commercial operation should follow completion of manufacture by no more than eighteen months.
No other Nuclear Regulatory Commission licenses have been issued to or applied for by Offshore Power Systems in connection with the manufacture of these floating nuclear plants.
The power level of each unit to be constructed will be approximately 1150 MWe net output and 3411 megawatts thermal (nuclear).
6.
Financial Qualifications The financial qualifications of Offshore Power Systems to undertake the proposed ifcensed activity are essentially the financial qualifications of Westinghouse Electric Corporation since the one percent interest owned by Westinghouse International Power Systems Company, Inc. does not include an obligation to contribute capital to the Venture.
Revision 2 j
3.
November 9, 1981
6-1 Annual Reports and Financial Statements Exhibit A (1976), Exhibit B (1977), Exhibit C (1978),
Exhibit D (1979) and Exhibit E (1980) are Annual reports of Westinghouse Electric Corporation, including financial statements.
6-2 Prospectus Exhibit F is the latest prospectus of Westinghouse Electric -
Corporation.
6-3 Manufacturing Facility Financing The Manufacturing Facility has been completed to the extent necessary to manufacture Floating Nuclear Plants at the rate of one every two years. The land and improvements are owned by Offshore Power Systems. In order to manufacture all eight plants under the conditions of -license herein applied for, it will be necessary to make further improvements to the manufacturing facility. The funds required for such improvements are approx-imately $300 million (1981 dollars). Offshore Power _ Systems does not presently plan to undertake additional improvements to the manufacturing facility before orders are received for the first four Floating Nuclear Plants.
Funds required for manufacturing facility improvements in excess of those internally generated will be provided by Westinghouse Electric Corporation.
The maximum cash to be provided by Westinghouse Electric Corporation is estimated to be $20 million (1981 dollars).
6-4 Financing the Manufacture of Floating Nuclear Plants Revenues from units sold are expected to cover the cost of manufacturing the units, amortization of the manufacturing facility, recovery of engineering costs, interest on money borrowed and other costs applicable to the project. Offshore Power Systems does not presently plan to comence manufacture of an individual Floating Nuclear Plant until an order has been placed for the plant by a purchasing utility.
At present there are no such orders.
6-5 Financing the Floating Nuclear Plant Design and Manufacturing Planning Processes Preliminary design of the Floating Nuclear Plant has been com-pleted. Manufacturing planning has advanced to a status consistent with the degree of plant design completion.
Final plant design and manufacturing planning will be completed af ter an order (or orders) for the fi rst four Floating Nuclear Plants has (have) been received.
Revision 2 4.
November 9, 1981
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v The funds required to complete Floating Nuclear Plant final design and manufacturing planning are estimated to be $97 million- (1981 dollars).
It is -expected that these funds will be provided by s
customer progress payments.
6-6 Source of Funds Provided by Westinghouse Electric Corporation
./
Based on 1980 year-end capitalization ratios, the funds required 1
from Westinghouse Electric Corporation would be generated from the following sources:
Source of Funds Ratio Sale of Interest Bearing Long-Term Debt 11.3 Minority Interest 1.0 Preferred Stock 0.6-Common Stock 6.8 Paid in Capital 17.3 Internally-Generated Funds 63.0 TOTAL 100.0%
6-7 Unit Floating Nuclear Plant Cost Estimate The following is a breakdown of FNP costs based on the most recent -
cost estimate update (1980):
Account Unit Total Number Title in Millions n
21 Structures and Improvements S 157.7 22 Reactor Plant Equipment 272.2 23 Turbine Generator plant 252.5 24 Accessory Electric Equipment 76.2 25 Miscellaneous Power Plant Equipment 30.1 Transmission Facilities 20.5 Platform Structures and Specifically Related Systems 36.7 Testing (Multi-System) 4.1 Total Per Unit
$ 850 Revision 2 5.
November 9, 1981
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Sworn to and subscribbd before me this '
. day of Nove:aber,1981.
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- November 9, 1981