ML20133J174

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Forwards Form 8-K,dtd 850924,filed W/Securities & Exchange Commission by Util.Svc List Encl.Related Correspondence
ML20133J174
Person / Time
Site: Harris Duke Energy icon.png
Issue date: 10/16/1985
From: Baxter T
CAROLINA POWER & LIGHT CO., SHAW, PITTMAN, POTTS & TROWBRIDGE
To: Bright G, Carpenter J, Kelley J
Atomic Safety and Licensing Board Panel
References
CON-#485-808 OL, NUDOCS 8510180308
Download: ML20133J174 (6)
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October 16, 1985 (202) 822-1090 James L. Kelley, Esquire Mr. Glenn O. Bright Chairman Atomic Safety and Licensing Board Atomic Safety and Licensing Board U.S. Nuclear Regulatory Commission U.S. Nuclear Regulatory Commission Washington, D.C. 20555 Washington, D.C. 20555 Dr. James H. Carpenter Atomic Safety and Licensing Board U.S. Nuclear Regulatory Commission Washington, D.C. 20555 In the Matter of Carolina Power & Light Company and North Carolina Eastern Municipal Power Agency (Shearon Harris Nuclear Power Plant)

Docket No. 50-400 0 C._

Administrative Judges Kelley, Bright and Carpenter:

Enclosed for your information is a copy of Form 8-K, dated September 24, 1985, which has been filed with the Securities and Exchange Commission by Carolina Power & Light Company.

Paragraph 1 under Item 5 (Other Events) discusses the schedule for completion of the Shearon Harris Nuclear Power Plant.

Respectfully submitted, 8510180308 851016 '

PDR ADOCK 05000400 PDR g

Thomas A. Baxter Counsel for Applicants TAB:jah Enclosure Jg -

cc: Service List . U 3>

  • s UNITED STATES OF AMERICA NUCLEAR REGULATORY COMMISSION i

BEFORE THE ATOMIC SAFETY AND LICENSING APPEAL BOARD 1

In the Matter of )

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CAROLINA POWER E LIGHT COMPANY ) Docket No. 50-400 OL and NORTH CAROLINA EASTERN )

MUNICIPAL POWER AGENCY )

)

(Shearon Harris Nuclear Power )

Plant) )

<- SERVICE LIST Thomas S. Moore, Esquire Charles A. Barth, Esquire Chairman Janice E. Moore, Esquire Atomic Safety and Licensing Office of Executive Legal Director j Appeal Board U.S. Nuclear Regulatory Commission U.S. Nuclear Regulatory Commmission Washington, D.C. 20555 Washington, D.C.

20555 Docketing and Service Section Dr. Reginald L. Gotchy Office of the Secretary Atomic Safety and Licensing U.S. Nuclear Regulatory Commission Appeal Board Washington, D.C. 20555 U.S. Nuclear Regulatory Commission Washington, D.C. 20555 Mr. Daniel F. Read, President '

CHANGE Mr. Howard A. Wilber P.O. Box 2151 Atomic Safety and Licensing Raleigh, North Carolina 27602 Appeal Board U.S. Nuclear Regulatory Commission Washington, D.C. 20555 John D. Runkle, Esquire Conservation Council of

, James L. Kelley, Esquire North Carolina Atomic Safety and Licensing Board Chapel Hill, North Carolina 27514 U.S. Nuclear Regulatory Commission Washington, D.C. 20555 M. Travis Payne, Esquire Edelstein and Payne Mr. Glenn O. Bright P.O. Box 12607 Atomic Safety and Licensing Board Raleigh, North Carolina 27605 U.S. Nuclear Regulatory Commission i Washington, D.C. 20555 Dr. Richard D. Wilson 729 Hunter Street Dr. James H. Carpenter Apex, North Carolina 27502 Atomic Safety and Licensing Board U.S. Nuclear Regulatory Commission Washington, D.C. 20555 i

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UNITED STATES OF AMERICA i NUCLEAR REGULATORY COMMISSION  !

l BEFORE THE ATOMIC SAFETY AND LICENSING APPEAL BO7RD 2 In the Matter of )

)

CAROLINA POWER & LIGHT COMPANY ) Docket No.60-100 OL '

and NORTH CAROLINA EASTERN )  !

MUNICIPAL POWER AGENCY )

)

(Shearon Harris Nuclear Power )

Plant) )

i SERVICE LIST Thomas S. Moore, Esquire Charles A. Barth, Esquire Chairman Janice E. Moore, Esquire Atomic Safety and Licensing Office of Executive Legal Director Appeal Board U.S. Nuclear Regulatory Commission t

U.S. Nuclear Regulatory Commmission Washington, D.C. 20555 Washington, D.C. 20555 Docketing and Service Section Dr. Reginald L. Gotchy Office of the Secretary j Atomic Safety and Licensing U.S. Nuclear Regulatory Commission Appeal Board Washington, D.C. 20555 U.S. Nuclear Regulatory Commission Washington, D.C. 20555 Mr. Daniel F. Read, President

CHANGE Mr. Howard A. Wilber P.O. Box 2151 Atomic Safety and Licensing Raleigh, North Carolina 27602 Appeal Board U.S. Nuclear Regulatory Commission Washington, D.C. 20555 John D. Runkle, Esquire Conservation Council of James L. Kelley, Esquire North Carolina A om c Safety and Licensing Board Chapel Hill, North Carolina 27514 U.S. Nuclear Regulatory Commission Washington, D.C. 20555 M. Travis Payne, Esquire

.Edelstein and Payne Mr. Glenn O. Bright P.O. Box 12607 Atomic Safety and Licensing Board Raleigh, North Carolina 27605 U.S. Nuclear Regulatory Commission Washington, D.C. 20555 Dr. Richard D. Wilson 729 Hunter Street Dr. James H. Carpenter Apex, North Carolina 27502 Atomic Safety and Licensing Board U.S. Nuclear Regulatory Commission Washington, D.C. 20555

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4 Mr. Wells Eddleman 806 Parker Street Durham, NC 27701 Richard E. Jones, Esquire Vice President and Senior Counsel Carolina Power & Light company P.O. Box 1551 Raleigh, North Carolina 27602 Dr. Linda W. Little Governor's Waste Management Board 513 Albemarle Building 325 North Salisbury Street Raleigh, North Carolina 27611 Bradley W. Jones, Esquire U.S. Nuclear Regulatory Commission Region II 101 Marrietta Street Atlanta, Georgia 30303 Mr. Robert P. Gruber Executive Director Public Staff - NCUC P.O. Box 991 Raleigh, North Carolina 27602 Administrative Judge Harry Foreman Box 395 Mayo University of Minnesota Minneapolis, Minnesota 55455 H. A. Cole, Jr., Esquire Special Deputy Attorney General 200 New Bern Avenue Raleigh, North Carolina 27601

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FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) Month of August,1985 CAROLINA POWER & LIGHT COMPANY (Exact name of registrant as specified in its charter)

North Carolina 1-3382 56-0165465 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)

411 Fayetteville Street, Raleigh, North Carolina 27602 (Address of principal executive offices)

Registrant's telephone number, including area code (919) 836-6111_

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Item 5. Other Events

1. (Reference is made to the Company's 1984 10-K, Construction Program, page 5, paragraphs 4 and 5 and page 6, paragraph 6.) The Company is reviewing the construction schedule for the Harris Plant in connection with its annual budgeting process. The budgeting process culminates in December of each year with the adoption of a construction budget for the succeeding year. Although the Company cennot state with certainty whether or to what extent it will be necessary to modify the in-service date or estimated cost of the Harris Plant until its budget process is complete in December 1985, the October 1985 target date for hot functional testing has been rescheduled to December 1985, and there is a reasonable likelihood that the target date for fuel load will move to the second quarter of 1986 and that the in-service date will move to the fourth quarter of 1986 with commensurate adjustments in the estimated cost of the plant.
2. (Reference is made generally to the Company's 1984 10-K, Financing Program, page 7.) On September 5,1985, the Company participated in the issuance and sale by The Wake County Industrial Facilities and Pollution Control Financing Authority (Authority) of $50 million principal amount of weekly adjustable rate pollution control revenue bonds due September 1, 2015 (PCRBs), the proceeds of which are being loaned to the Company. The terms of the PCRBs permit each bondholder to require that its PCRBs be purchased upon seven days' notice. In accordance with the terms of a loan agreement between the Company and the Authority, the Company is obligated to make payments sufficient to pay the interest and principal on the PCRBs. The Company has provided a Letter of Credit from The Sumitomo Bank, Limited for liquidity and credit enhancement purposes. To date, approximately $36 million of the proceeds from the sale of the PCRBs remains on deposit with the PCRB trustee pending application of the funds to qualifying expenditures on pollution control facilities.
3. (Reference is made to the Company's 1984 10-K, Retail Rate Matters, page 10, paragraph 3. Reference is also made to the Company's 8-K dated July 17, 1985, Item 5, paragraph 2.) On September 10, 1985 the North Carolina Utilities Commission (NCUC) issued its Final Order with respect to the five remanded fuel cases requiring the Company to make a one-time refund to its North Carolina retail customers of $1.5 million plus interest at the annual rate of 10% compounded monthly from March 31,1985 to the date of the refund. The Company has filed its Exceptions and Notice of Appeal with the NCUC and has requested a stay of the Final Order pending the outcome of the appeal. The Company cannot predict the outcome of this matter.
4. (Reference is made to the Company's 10-Q for the quarter ended June 30, 1985, Item 5, paragraph 1, to the Company's 8-K dated June 17,1985, Item 5, paragraph 3 and to the Company's 8-K dated July 17,1985, item 5, paragraph 1.) On September 18, 1985, the NCUC issued its Order in Docket No. E-2, Sub 503 granting an increase of .168 cents /kWh excluding gross receipts taxes in the base fuel component in North Carolina retail rates. This increase in the base fuel component to the level of 1.750 cents /kWh excluding gross receipts taxes is effective for service rendered on or after September 18, 1985 and will increase annual revenues by approximately $36 million. The parties have 30 days to appeal the Order. The Company cannot predict the outcome of this matter.

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5. (Reference is made to the Company's 1984 10-K, Nuclear Matters, page 22, paragraph 14. Reference is also made to the Company's 10-Q for the quarter ended March 31,1985, Item 5, paragraph 3, the Company's 10-Q for the quarter ended June 30,1985, Item 5, paragraph 4, the Company's 8-K dated June 17,1985, Item 5, paragraph 7, and to the Company's 8-K dated July 17,1985, Item 5, paragraph 5.)

On August 20,1985 the Atomic Safety and Licensing Board (ASLB) ruled in favor of the Company on management capability and three other safety issues heard by the ASLB in the fall of 1984. The intervenors have filed a Notice of Appeal of the ASLB's August 20 ruling. Other safety issues and emergency planning issues are still pending before the ASLB. Hearings on these pending issues, including the drug use contention, are scheduled in September, October, and November 1985. Also with respect to the licensing proceeding, the NRC Staff has closed out the majority of the specified items during a July 1985 reinspection relative to the Integrated Design Inspectior. for the Harris Plant. The Company is actively pursuing closecut of the remaining items. The Company cannot predict the outcome of these matters.

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CAROLINA POWER & LIGIIT COMPANY Registrant By: /s/ Edward G. Lilly, Jr.

Edward G. Lilly, Jr.

Executive Vice President Date: September 24,1985

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