ML20062B047

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Financial Qualifications Contention
ML20062B047
Person / Time
Site: Byron  Constellation icon.png
Issue date: 07/30/1982
From: Cassel D
DEKALB AREA ALLIANCE FOR RESPONSIBLE ENERGY, SINNISSIPPI ALLIANCE FOR THE ENVIRONMENT (SAFE)
To:
Atomic Safety and Licensing Board Panel
Shared Package
ML20062A998 List:
References
NUDOCS 8208040299
Download: ML20062B047 (3)


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NUCLEAR REGULATORY COMMISSION 05tGC BEFORE THE ATOMIC SAFETY AND LICENSING B R g y3 In the Matter of ) 2 9J[5r

) M" COMMONUEALTH EDISON COMPANY ) Docket Nos. 50-454

) 50-455 (Byron Station, Units 1 and 2) )

DAARE/ SAFE FINANCIAL QUALIFICATIONS CONTENTION Commonwealth Edison is not financially qualified to complete construction of Byron in a manner which will result in a safe plant. As a basis for this contention, DAARE/ SAFE incorporates herein by reference, in their entirety, the Petition of Rockford League of Uomen Voters for Waiver of or Exception to Financial Qualifications Regulations, the Petition of DAARE/ SAFE for Waiver of or Exception to Financial Qualifications Regulations, and all exhibits thereto. DAARE/ SAFE specifically contends that:

a. Commonwealth Edison ("CE") does not possess or have reasonable assurance of obtaining the funds necessary to complete coastruction of Byron, to cover related fuel cycle costs, or to cover operation costs for the period of the license, plus the costs of permanently shutting down the facility and maintaining it in a safe condition. (See League Financial Qualifications Petition at 4-6 and Exhibits A, B, C, D, E, F, and G, supplemented by DAARE/ SAFE Financial Qualifications Petition and exhibits thereto.)

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b. There is no reasonable assurance that the Illinois Commerce Commission will raise CE's rates high enough to enable CE to complete construction of a safe plant and to safely operate Byron. (See League Financial Qualifications Petition at 6-8 and Exhibits A, C, E, F; Exhibits A, B and C to League Need for Power Petition; supplemented by DAARE/ SAFE Financial Qualifications Petition and Exhibits thereto.)
c. CE's cost projections for completion of construction, operation and decommissioning of Byron are understated and more reasonable proj ections are so high that CE does not possess or ,

have reasonable assurance of obtaining the necessary funds. (See League Financial Qualifications Petition at 6-10; Exhibits II, 1, J, K and L; supplemented by DAARE/ SAFE Financial Qualifications Petition and Exhibits thereto.)

d. As a result of CE's lack of financial qualifications, completion and operation of Byron will jeopardize the public health and safety. (See League Financial Qualifications Petition at 10-12; Exhibits F, 11 and M thereto; supplemented by DAARE/

SAFE Financial Qualifications Petition and Exhibits thereto.)

The Sa fety Evaluation Report (SER) issued by the NRC staff in February , 1982, and supplemented in March, 1982, analyzes in part the financial qualifications of CE. The SER must be supplemented in at least two respects:

-- the estimated costs of the Byron plant are understated and should be revised in light of new information submitted by intervenors.

9 the conclusion that CE is financially qualified safely to operate and decommission Byrca is erroneous and must be changed. The SER must be supplemented to reflect that the Company is not financially qualified and that there is no reason-able assurance that it will be able to obtain sufficient funds to complete construction of a safe plant at Byron and to cover the costs of safe operation and decommissioning.

DATED: July 30, 1982 Respectfully submitted, Douglass W. Cassel, Jr.

Jane M. Whicher by: tr>/ b k Douglas $ W. Cassel, Jr. )>

Attorneys for DAARE/ SAFE with respect to issues of financial qualifications, need for power and alternative energy sources Douglass W. Cassel, Jr.

I Jane M. Whicher

, 109 North Dearborn Chicago, IL 60602 (312) 641-5570 i

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