ML20040D440

Order Extending Completion Date for CPPR-106 to 810401 & for CPPR-107 to 820401.Delay Caused by High Interest Rates,Tight Credit,Severely Depressed Stock Market & Uncertain Economic Conditions

ML20040D440
Person / Time
Site:	Limerick
Issue date:	05/13/1975
From:	Deyoung R Office of Nuclear Reactor Regulation
To:	PECO ENERGY CO., (FORMERLY PHILADELPHIA ELECTRIC
Shared Package
ML20040D425	List: ML20040D424 ML20040D427 ML20040D428 ML20040D430 ML20040D431 ML20040D433 ML20040D437 ML20040D440 ML20040D443
References
NUDOCS 8202010298
Download: ML20040D440 (2)

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PHILADELPHIA ELECTRIC COMPANY t'

LIMERICK GENEIU.fING STATION, UNITS 1 & 2 DOCKET NOS.~50-352 & 50-353 ORDER EXTENDING CONSTRUCTION COMPLETION DATES Philadelphia Electric Company is the holder of Construction Permits CPPR-106 and CPPR-107 issued by the Commission on June 19, 1974.

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These permits authorize the construction of the Limerick Generating

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Station, Units 1 & 2, presently under construction at.the Company's site. This site is located on the Schuylkill River, near Pottstown, in Limerick Township, Montgomery County, Pennsylvania.

.On September 10, 1974, Philadelphia Electric Company filed a request i

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for an extencion of the earliest and latest construction co=pletion dates for these units.

l Philadelphia Electric Cocpany gave as reasons for the schedule change a reduction in their planned construction program by approximately

$600 million for the five-year period 1974-1978 due to (1) high l

l interest rates, (2) extremely tight credit, (3) the severely depressed stock market, and (4) uncertain economic conditions. This action in'olves no significant hazards consideration. Good cause has l

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been shown for extension of the earliast and latest construction 1

completion dates for Unit 1 to October 1,1979 and April 1,1981, 1

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respectively.

Good cause has also been shown for extension.of the

.b earliest and latest construction completion dates for Unit 2 tc March 1,.1981 and April 1, 1982, respectively'. The bases for the extension of these dates is set forth in a staff evaluation, dated May 13, 1975.

It is HEREBY ORDERED THAT THE earliest and latest completion date for CPPR-106 be extended from:

Earliest: April 1, 1979 to October 1, 1979 Latest:

October 1, 1979 to April.1, 1981

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and that the earliest and latest completion date for CPPR-107 be extended from:

Earliest: Septecher 1, 1980 to March 1, 1981 Latest:

March 1, 1981 to April 1, 1982.

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.FOR THE NUCLEAR REGULATORY COMMISSION

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-RichardC.DeYoung,Asistantpirector W

for Light Water Reactors Gr'oup 1 Division of Reactor Licensing Date of Issuance:

E 1 3 1975 i

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