ML20078D325
| ML20078D325 | |
| Person / Time | |
|---|---|
| Site: | River Bend  |
| Issue date: | 11/01/1994 |
| From: | Levanway D WISE, CARTER, CHILD & CARAWAY |
| To: | Cole R, Cotter B, Lam P Atomic Safety and Licensing Board Panel |
| References | |
| CON-#494-15880 OLA, NUDOCS 9411040031 | |
| Download: ML20078D325 (6) | |
Text
.s a_
y
~-...a 3,
y, m.
5M L AW OFFICES d'-I#ITIO O P HAY-WISE CARTER CHILD &
k bb PRorEEJaoNAL AssoCiAvioN N AT4 C P. CAMAWAf
- r. MALL BAdLEY sAMEs n. CHILD, sn.
mansamA CHitDs WALL ACE JACKSON, MISSISSIPPI-Aoi EAST cap >ToL staEET, suitt eoo Loves M. watson Curro=D n. e AiLEv, su (co,) gee,55oo g g p f g f; SAC a son, Mississ#pi senos sAMEs L. nonEntsoN AND=Ew o. s* EAT OtodoE O. EVANS MARM P. CARAWAY MAILING ADDRESS A. EPENCEn ontstar m otomoE M. mitten post orreCE non esi
@ 7j[
HENDEnsoN s, MALL, s a.
- n. MAnn HoDoEs s AC a son, Mississippi aeros CHARLES T. 02iEM mETTY TOON COLLINS
't mozEnT m. MooEMEE CMAmLEs E. noss or CouNaEL
- w. MCDONALD NiCMOLS JOHN w. Rog s N SON, 144 sMERWOOO W. West MENRY E, C M AT H A M, s R.
RONALD s. ARTIGUEs, sR.
WILLIAM O. CARTER, an.
R CMARD D. GAMmUN RACHAEL M ET M E MING TON LE Noe n David W. CL ARA L.JAGER sMiTM, JR*
FACstMiLE somn D. paiC E DoucLAs T. MiMACLE (801) 968 'ssd9 MARGARET H,
w,LLi A M D PMiliP W. THOMAS mostnT P. wist soANNE s.SAmesoN DinECT DaAL NUMBER DOUDL As E. LEVANWAV November 1, 1994
< son 968-ss24 B.
Paul Cotter, Jr.,
Esq.
Dr. Richard F. Cole Chairman, Atomic Safety and Atomic Safety and Licensing Licensing Board Board U.S.
Nuclear Regulatory U.S.
Nuclear Regulatory Commission Commission Washington, D.C.
20555 Washington, D.C.
20555 Dr. Peter S.
Lam Atomic Safety and Licensing Board U.S.
Nuclear Regulatory g.
Commission
~
Washington, D.C.
20555 In the Matter of Gulf States Utilities Company (River Bend Station, Unit 1)
Docket No. 50-458-OLA Gentlemen:
In accordance with its obligation to keep the Commission fully and accurately informed of all material developments affecting its application, Gulf States Utilities is forwarding to the Atomic Safety and Licensing Board a copy of a Form 8-K submitted to the Securities and Exchange Commission on October 28, 1994 by Gulf States Utilities Company.
A similar filing was made by Entergy Corporation.
Sincerely,
%~M Douglas Levanway DEL: pat Enclosure g[
9411040031 941101 PDR ADOCK 05000459 Q
.~.
cc:-By Mail:
Docketing and Services Branch (w/ enc 1)
Marian L.Zobler, Esq. (w/ encl)
James D.
Pembroke, Esq. (w/ encl)
Victor J. Elmer (w/ encl)
Mark J. Wetterhahn, Esq. (w/ encl)
Thomas L. Rudebusch, Esquire (w/ encl)
I
?
I i
i
H0V.01-94 TUE 17:23 ENTERGYSERVICES P.06/09 SECURITIES ANDEXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENTREPORT Pursuant to Section 13 or 15(d)ofthe SecuritiesExchange Act of1934 Date ofReport (Date earliest event reported) October 21.1994 GULF STATES UTILIIIES COMPANY (Exact name ofregistrant as specified in charter)
TEXAS (State or otherjurisdiction ofincorporation) 1-2703 74.0662730 (Commission file number)-
(IRS EmployerIdentificationNo.)
350 Pine Street. Beaumont Texas 77701 (Address of principal executive offices)
(Zip Code)
Registrant's telephone numR, including area code (409) 838-6631
~ NOV-01-94 TUE 17:23 ENTERGV SERVICES P.07/09 INDEX Item 1.
Changes in Control ofRegistrant - (none)
Item 2.
Acquistion or Disposition of Assets - (none)
Item 3.
Bankruptcy orReceivership -(none)
Item 4.
Changes in Registrant's Certifying Accountant - (none)
Item 5.
Other Materially Important Events - p.1 Item 6.
Resignations ofRegistrant's Directors - (none)
Item 7.
Financial Statements and Exhibits - (none) 1
H0V,.01-94 TUE 17:24 ENTERGYSERVICES P.08/09 Form 8-K GulfStates Utilities Company Page1' October 28,1994 Item 5.
OtherMateriallyImportantEvents As previously reported, Cajun Electric Power Coopciative
("Ciun"), which owns a 30% undivided interest in the River Bend Steam Electric Generating Station (nuclear) (" River Bend"), since 1992, has not paid its Adl share of operating and maintenance expenses and other costs for repairs ad improvements to that power station. In addition, certain costs and expenses paid -
by Cajun were paid under protest. These actions were taken by Cajun based on its contention, with which OSU disagrees, that River Bend's operating and maintenance expenses were excessive, f
I a
c.
In a letter dated October 21,1994, and at a subsequent M=g,
{
Cajun representatives advised Entergy Corpontion ("Entergy") and Gulf States Utilities Company ("GSU") that on October 25,1994, Cajun would exhaust its 1994 budget for operating and maintenance expenses for River Bend, and that it would not make any further payments to GSU in 1994 forRiverBend operating, 1
maintenance or capital costs. Cajun also advised that it does not expect the Rural.
i Electnfication Administration (which provided funding to Cajun for its investment
.l in River Bend) to permit it to budget funds in 1995 to pay its share of operating.
l and maintenance expenses or capital costs for River Bend. However, Cajun stated j
that it will continue to fund its share of the nuclear decommissioning trust payments for River Bend, as well as insurance and safety-related expenses. GSU estimates that the unpaid portion of Cajun's River Bend operating, maintenance and capital costs for the remainder of1994 will aggregate approximately $10 million. Cajun's share ofRiver Bend annual op.iLg (including nuclear fuel) and maintenance expenses and capital costs was approximately $69 million in 1993.
GSU is evaluating its options in light of Cajun's most recent actions, and will take appropriate steps to enforce Cajun's obligations for the payment ofits share of River Bend costs and to recover from Cajun the additional costs bome by OSU for Cajun's share of the facility. However, Cajun's weak financial condition may affect the ultimate collectability of amounts owed to GSU, including an3 amounts that may be awarded in litigation.
During the period in which CWun is not paying its share ofRiver Bend costa, GSU intends to fund all costs nee y for the saic, continuing operation of the unit, and will sock to market CWun's 30% share of the power output from River Bend and apply any proceeds towards amounts due to GSU from Cajun. The responsibilities ofEntergy Operations, Inc., as the licensed operator of River Bend, for safely operating and maintaining the unit are not affected by Cajun's actions.
NOV,01-94 TUE 17:25 ENTERGYSERVICES P.09/09
.+
Form 8-K Oulf States Utilities Company Page 2 October 28,1994 SIGNATURE Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GULF STATES UTILITIES COMPANY By*
kY Loc W. Randall Vice President, Chief Accounting Officer and Assistant Secretary Dated: October 28,1994
'l