ML20116E287
| ML20116E287 | |
| Person / Time | |
|---|---|
| Site: | Fort Saint Vrain  |
| Issue date: | 11/02/1992 |
| From: | Warembourg D PUBLIC SERVICE CO. OF COLORADO |
| To: | Weiss S NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM), Office of Nuclear Reactor Regulation |
| References | |
| P-92301, NUDOCS 9211090097 | |
| Download: ML20116E287 (2) | |
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16805 WCR 19'l/2; Platteville, Colorado 80651
= November 2,1992 Fort St. Vrain Unit No.1 P-92301 q
U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D. C. 20555 ATfN: Dr. Seymour H. Weiss, Director
- ,Non-Power Reactor and Decommissioning Project Directorate Docket No. 50-267
SUBJECT:
Decommissioning Funding Plan, Irrevocable Letter of Credit
Dear Dr. Weiss:
The Decommissioning Funding Plan detailed in Section 5 of the Fort St. Vrain (FSV).-
Proposed Decommissioning Plan includes a $125 million irrevocable Letter of Credit.
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This irrevocable Letter of Credit provides assurance that any decommissioning costs not covered by an external trust fund would be suitably funded, as authorized by 10 CFR-50.75(e)(3)(iii).
Although the irrevocable Letter of Credit will not actually_ be signed until the-NRC -
approves the Proposed Decommissioning. Plan,. PSC : currently' hasi. a. _ Letter: of-Commitment from the Bank of New York to sign the irrevocable Letter of Credit when NRC approval is received.. This~ Letter.of Commitment expires on November 25,1992..
The following discussion addresses the implications of not receiving NRC approval of the Proposed Decommissioning Plan by November 25,"1992.
q ISC has contacted the Bank'of New York and has requested an extension of the Letter of Commitment,- for a period of time _ not to exceed;120 days. :The Bank'of New York <
. is currently cor,tacting the other participating banks, which is time consuming due to the '
approval processes at these other banks',.some of which are international. There is no assurance that an extension.:will;be. granted snor that the_ fees will remainLthe'same.
- However, PSC is reasonab_ly confident that such an extension can be obtained.: The fees associated vMth extending the Letter of Commitment are expected to be $78,993 per..
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quarter.
In addition, PSC will incur -legal fees of approximately $10,000 for the.
. extension.
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November 5,1992 Page 2 If you have any questions regarding this information, please contact Mr. M. H. Holmes at (303) 620-1701.
Sincerely,
$ us ! 7Y f)[m w (L f Donald W. Warembourg Manager, Nuclear Operations DWW/SWC cc:
Regional Administrator, Region IV Mr. J. B. Baird Senior Resident Inspector Fort St. Vrain Mr. Robert M. Quillin, Director Radiation Control Division Colorado Department of Health J
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