ML20148J504
| ML20148J504 | |
| Person / Time | |
|---|---|
| Site: | Peach Bottom  |
| Issue date: | 03/18/1988 |
| From: | Paquette J PECO ENERGY CO., (FORMERLY PHILADELPHIA ELECTRIC |
| To: | Russell W NRC OFFICE OF INSPECTION & ENFORCEMENT (IE REGION I) |
| References | |
| NUDOCS 8803300292 | |
| Download: ML20148J504 (4) | |
Text
_ - _ _, _ _. _ _ _ -.
a*
PHILADELPHI A ELECTRIC COM PANY 2301 MARKET STREET P.O. BOX 8699 PHILADELPHI A. PA.191o1 (215)8414000 JOSEPH F. PAQUETTE. A
"'8'o'ur March 18, 1988 Docket Nos. 50-277 50-278 Mr. William T.
Russell Administrator, Region I U.
S. Nuclear Regulatory Commission Attn:
Document Control Desk Washington, DC 20555 Dear Mr. Russell On March 7,
- 1988, the Board of Directors of the Philadelphia Electric Company elected me President and Chief Operating
- Officer, and Corbin A, McNeill, Jr., Executive Vice President-Nuclear, which encompasses the responsibilities of the Senior Vice President-Nuclear.
These appointments were effective on March 14, 1988.
The Board of Directors has also expressed its intention to elect me Chairman of the Board and Chief Execut!ve Officer effective Apri?. 13, 1988.
Specific details are noted on the attached press release.
In order that we, the new officers, might affirm our commitment to the Restart Plan, I
have asked Mr.
McNeill to commence a
- detailed, intensive review of this Plan with the intent of affecting such changes as we consider necessary to essure success of the Peach Bottom Restart effort.
It is expected that changes resulting from this review will enhance the Plan but will most likely be minor in
- nature, and we request that the NRC continue its review of the Plan.
We would expect to submit revisions resulting from this review on April 8 when we submit the schedule for Restart.
Very truly yours, SSe n B M BS8S EB P g [ g 87/
Attachment cc:
Addressee T.
P. Johnson, USNRC Resident Site Inspector
& 0' A g $CC,gryggj;0 4 l
i pg u,g i
/$f 4E5/4,03 ll
PHILADELPHIA ELECTRIC COMPANY from the PUBLIC INFORMATION Dil'ISION (215) 841-5555 2301 M A R KET STREET
- PillL ADELPill A, P A 19101 N #' '
E
I! MEDIATE: March 7,~1983 CONTACT: Neil McDermott, 215-341-4122 l
PC ELECTS PRESIDENT Ato TOP NUCLEAR OFFICER Following a special meeting of the Philadelpnia Electric Company (PE) ocard of directors, James t..
Everett, III, chairman and chief executive officer, today announced the election of Josepn F. Paquette, Jr., 53, as president and chief operating officer and Corbin A. McNelli, Jr., 48, as executive vice president-nuclear, effective March 14, 1988.
Tne board also elected Paquette a dirsetor of tne Company, 7verett also annourted he will retire as PE's chairman and enief executive officer following the Company's annual meeting on April 13 At l
that time, the board will elect Paquette chairman and chief executive i
officer.
Everett will remain on the board as chairman of the axecutive committee.
"I'm pleased that Joe Paquette agreed to return to Philadelphia l
Electric Company after a successful two years at Consumers Power i
Company," Everett said.
"I'm also pleased that Corbin McNeill accepted a ix position with our Company rather than continue as a loaned executive frorn l
Puolic Service Electric and Gas (?SE&C).
l (more) i i
I l
See reverse side for basic PE data.
PHILADELPHIA ELECTRIC COWANY Highlights as of December 31, 1987 Philadelphia Electric Company, Incorporated in Pennsylvania in 1929, and its predecessor companies have been meeting the energy needs of the community since 1881. The Company is an operating utility providing electric and gas service in southeas tern Pennsylvania and providing, through its suaidiaries, electric service.in two counties in northeastarn Maryland A r e a S e rv e d.................................................................... 2 P o pu l a t i on........................................................................,4 7 5 s q u 3,700,000 Employees......................................................................................
11,366 Stock Information:
Ow n e r s o f Comnion S toc k..................................................................... 294,733 Sh a r es o f C omm on S toc k Ou ts ta n di ng..................................................... 196,876,848 Ea rn i n g s pe r Sh a re o f Common S toc k........................................................... : i2. 3 3 Ann u a l D i v i de n d R a te pe r Sh a r e.............................................................. 32.20 Own e r s o f P r e f e r r e d S toc k.................................................................. 40,4 7 4 Gross Plant Investment................................................................. $12 billion Electric Operations (12 mo. ended December 31, 1987):
To tal Genera ti ng Ca paci ty ( S usumer Ra ti n g)...................................... 7,761.500 kilowatts S a l e s................................................................. 30. 5 b i l l i on k i l ow a t t-ho u r s Op er a t i n g R ev en u e................................................................... $2.809 673.000 Net Peak Load (July 2 4, 198 7 )................................................. 6, 5 4 7,0 00 kilowatts All Time Peak (J uly 24(including House Heating).................................. 547,000 1987)................................................. 6 kilowatts Pesidential Customers
...... 1.280,297 C omme rci al & I n du s t ri a l Cu s tome rs.......................................................... 136,639 To ta l El ec t r i c C u s tome r s................................................................. 1,416,936 Average Annual Use of Electricity by Residential Customers:
P h i l a del ph i a............................................................. 5,110 k i l owa tt-ho ur s S ub u rb a n...............,................................................. 7,6 56 k i l owa t t - h o u r s Sy s tem................................................................... 6,4 31 k i l owa t t - ha r s Gas Operations (12 mo. ended December 31. 1987):
S a l e s..................................................................... 6 7. 6 b i l l i on cu b i c f e e t T ra n s por ted For O the r s.....................................................
- 7. 4 b i l l i on c ub i c f e e t O pe r a t i n g Re v en u e..................................................................... $371.791,000 Maxistan Day Sendout (February (January 1 5, 198 7 ).................................. 4 62. 3 million All Time Maximum Day Sendout 17, 1982).......................... 529,4 aillien cubic feet Residential Customers (Including House Heating)
...........................................299306 Comme rc i a l & h ou s tr i al C u t tome r s.......................................................... 26,,021 Total Gas Customers........................................................................ 325,327 Construction Program:
Capital expenditures for 1987....................................................... 31.0 billion Estimated canital expenditures for 1988-91 period..................................... SJ.7 b111 ton Limerick No. 2 is the only major generating facility currently under construction. It is the second of two 1,055 mW nuclaar units and is scheduled for commercial operation in October 1990.
Chairman of the Board and Chief Executive Officer: James L. Everett President and Chief Operating Officer: John H. Austin, Jr.
- 4 i
ADO ONE: PC ELECTS PRESIDENT AND TOP NUCLEAR OPFICER "Both of these men are exceptionally well-qualified, bringing witn them outstanding reputations for leadership and strong and innovative 4
y management," ne stated.
Paquette will oe rejoining PE from his current position as president and cnier operating officer of Consoners Power, an electric and gas utility based in Jackson, Michigan.
He will replace Everett, who had assumed the duties of president and cnier operating officer following the recent retirement of John H. Austin, Jr.
Paquette was initially employed oy PE in 1956, nolding a nuncer of managerial posts including vice president, finance and accounting, and chief financial officer from 1978 to 1986.
He lef t PE in April,1936 to accept the post of executive vice president and enier financial officer at Consuners Power.
He was elected vice chairman at Consumers Power in Feoruary, 1987 and president of CMS Energy and president and enief operating officer of its subsidiary, Consumers Power, in Decemoer,1937.
McNeill conpler,td a 20-year career with the U.S.
Navy in 1981, having co manded the USS Tautog and the Naval Nuclear Power Scnool.
After leaving the Navy, he joined the New York Power Authority as I
resident manager of the James A.
Fitzpatrick Nuclear Power Plant and subsequently was named senior vice president-nuclear generation.
I In March, 1985 he joined PSE&G as vice president-nuclea.', and in April,1987 was appointed senior vice presioent-nuclear, responsiole for operations and engineering at ?SEiG's tnree nuclear units.
In February,1988 he was named executive director-nuclear at PE, on j
loan from PSE&G.
3H i
I l
1
,.,-m.,
,.,,, _ _, _,.