ML20151A644

Commission Notification.* Forwards Press Release Issued to Northeast Utils Indicating That Util Will Be Advancing Sufficient Funds for Plant Project.Certificate of Svc Also Encl

ML20151A644
Person / Time
Site:	Seabrook
Issue date:	07/14/1988
From:	Dignan T PUBLIC SERVICE CO. OF NEW HAMPSHIRE, ROPES & GRAY
To:
References
CON-#388-6733 OL-1, NUDOCS 8807200072
Download: ML20151A644 (6)

Text

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Jhlh14, 1988

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/ t'NITED STATES OF Akf7ICA .gg 31 jg P4 :27 before the m tr . m- : f r 'f?!

NUCLEAR REGULATORY COMMISSION bCCC[l[ljj "

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In the Matter of )

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PUBLIC uERVICE COMPANY ) Dccket Nos. 50-443-OL-1 OF NEW HAMPSHIRE, EI AL. ) 50-444-OL-1

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(Seabrook Station, Units 1 ) (Ontite Emergency and 2) ) Planning and Safety

) Issues)

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COMMISSION NOTIFICATION Pursuant to its obligation to keep the Commission and parties advised as to matters which may affect issues before it, the Applicants attach hereto a press release issued by Northeast Utilities indicating that it is advancing sufficient funds to the Seabrook Project to provide funding for the 11.6% share owned by MMWEC through August 31, "t988.

The release further indicates that activities are underway to attempt to put in place a structure which will assure funding for a period of at least a year.

Respectfully submitted, C.-

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'Tho5as~G. Dignan, Jr.

George H. Lewald Kathryn A. Selleck Ropes & Gray 225 Franklin Street Boston, MA 02110 (617) 423-5100 Counsel for Aeolicants 8007200072 PDR 000714ADOCK PDR O5000443 G

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AGREEMENT oN SEA 5R00K INTERIM TUNDING RIACHED l

l HARTTORD, July 13, 1988--In a move designed to preserve the region's options for supplying the detand for electricity,

( Northeast Utilities (NU) today announced an agreement with a group l of other New England utilities under which NU will provide short-term funding for a portion of the seabrook project that was subject to decsult. As an integral part of the agreement New England utility participants in the Seabrook project have contracted to purchase for one yet: a combined total of 250 magawstts of capacity from the NU system at that utility system's average cost.*

Under the agrecuent, the Northeast Utilities system is advancing approFinately $2 million, an amount which will provide funding m_ the 11.6 percent share in seabrook owned by the Massachusetts Muniripal Wholesale Electric Company (MMMEC) through August 31, 1984. "MWEC's Board of Directors is continuing on a l course, decided upon last month, not to provide additional suppo:t payments to the Seabrook project.

l The cost will be on a "sitee of system" basis as recommended by the Connecticut Department of Public Utility control in a 1987 CL&P rate decision. This is the average cost of all capacity i n en u4 g d ,by Ntt. . , , _ _ , , , .. .. , __,

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Announcing the agreemcnt, NU Presidene and Chief Operating Officer Bernard M. rox emphasized NU is not acquiring any additional ownership in seabrook beyond the 4.1 percent share held by its connecticut Light and Power Company (CL&P) subsidiary. He stated:

Chis interim funding will assure the project's financial viability until september 1, 1968, by which time longer term arrangements could be in place. We are working vigorously to structure an arrangement to provide funding for the MMWEC share for a period of at least a year. As with the interim arrangement, NU's participation in the longer term financing vehicle would maintain the Seabrook ortion while providing important benefits to tha NU dystem's ratepayers and snareholders, I

(

Tha etility systems contracting to purchase the short-term capac.ty from NU as part of the agreement are: Commonwealth Electric System and Eastern Utilities Associates both ,

Massachusetts companies, Public Service company of New Hampshire, and The United Illuminating Company, Connecticut.

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00LKCiE0 UWPC CERTIFICATE OF SERVICE I, Thomas G. Dignan, Jr., one of the attorneys 'grJEb48 P4 :27 Applicants herein, hereby certify that on July 14, 1988, I made service of the within dctument by depositing co les, . .g p ,

thereof with Federal Express, ps.epaid, for delivery ' h!L(or(4 gwn where indicated, by depositing in the United States R$1 tmaht9 first class, poetage paid, addressed to):

Alan S. Rosenthal, Chairman Howard A. Wilber Atomic Safety and Licensing Atomic Safety and Licensing Appeal Panel Appeal Panel U.S. Nuclear Regulatory U.S. Nuclear Regulatory Commission Commission East West Towers Building East West Towers Building 4350 East West Highway 4350 East West Highway Bethesda, MD 20014 Bethesda, MD 20814 Thomas S. Moore Mr. Ed Thomas Atomic Safety and Licensing FEMA, Region I Appeal Panel 442 John W. McCormack Post U.S. Nuclear Regulatory Office and art House Commission Post Office Square East West Towers Building Boston, MA 02109 4350 East West Highway Bethesda, MD 20814 Adninistrative Judge Sheldon J. Robert Carrigg, Chairman Wolfe, Esquire, Chairman Board of Selectmen Atomic Safety and Licensing Town Office Board Panel Atlantic Avenue U.S. Nuclear Regulatory North Hampton, NH 03862 Commission East West Towers Building 4350 East West Highway Bethesda, MD 20814 Administrative Judge Emmeth A. Diane Curran, Esquire Luebke Andrea C. Ferster, Esquire 4515 Willard Avenue Harmon & Weiss Chevy Chase, MD 20815 Suite 430 2001 S Street, N.W.

Washingtonf DC 20009 Dr. Jerry Harbour Stephen E. Merrill, Esquire Atomic Safety and Licensing Attorney General Board Panel George Dana Bisbee, Esquire U.S. Nuclear Regulatory Assistant Attorney General Commission Office of the Attorney General East West Towers Building 25 Capitol Street 4350 East West Highway concord, NH 03301-6397 Bethesda, MD 20814 L

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Adjudicatory File Atomic Safety and Licensing Sherwin E. Turk, Esquire Board Panel Docket (2 copies) Office of General Counsel U.S. Nuclear Regulatory U.S. Nuclear Regulatory Commission Commission East West Towers Building One White Flint North, 15th F1.

4350 East West Highway 11555 Rockville Pike Bethesda, MD 20814 Rockville, MD 20852

• Atomic Safety and Licensing Robert A. Backus, Esquire Appeal Board Panel Backus, Meyer & Solomon U.S. Nuclear Regulatory 116 Lowell Street Commission P.O. Box 516 Washington, DC 20555 Manchester, NH 03105 Philip Ahrens, Esquire Mr. J. P. Nadeau Assistant Attorney General Selectmen's Office Department of the Attorney 10 Central Road General Rye, NH 03870 Augusta, ME 04333 Paul McEachern, Esquire Carol S. Sneider, Esquire Matthew T. Brock, Esquire Assistant Attorney General Shaines & McEachern Department of the Attorney 25 Maplewood Avenue General P.O. Box 360 One Ashburton Place, 19th Fl.

Portsmouth, NH 03801 Boston, MA 02108 Mrs. Sandra Gavutis Mr. Calvin A. Canney Chairman, Board of Selectmen City Manager RFD 1 - Box 1154 City Hall Route 107 126 Daniel Street Kensington, NH 03827 Portsmouth, NH 03801

• Senattr Gordon J. Humphrey R. Scott Hill-Whilton, Esquire U.S. Senate Lagoulis, Clark, Hill-Washington, DC 20510 Wailton & McGuire (Attn: Tom Burack) 79 State Street Newburyport, MA 01950

• Senator Gordon J. Humphrey Mr. Peter S. Matthews One Eagle Square, Suite 507 Mayor Concord, NH 03301 City Hall (Attn: Herb Boynton) Newburyport, MA 01950 Mr. Thomas F. Powers, III Mr. William S. Lord Town Manager Board of Selectmen Town of Exeter Town Hall - Friend Street 10 Front Street Amesbury, MA 01913 Exeter, NH 03833

'l H. Joseph Flynn, Esquire Brentwood Board of Selectmen Office of General Counsel RFD Dalton Road Federal Emergency Management Brentwood, NH 03833 Agency-500 C Street, S.W. 2 Washington, DC 20472 l

Gary W. Holmes, Esquire Richard A. Hampe, Esquire l Holmes & Ells Hampe and McNicholas 47 Winnacunnet Road 35 Pleasant Street ,

Hampton, NH 03841 Concord, NH 03301 l I

Judith H. Mizner, Esquire Charles P. Graham, Esquire 79 State Street, 2nd Floor Murphy and Graham 1 Newburyport, MA 01950 33 Low Street l Newburyport, MA 01950 Lando W. Zech, Jr., Chairman Thomas M. Roberts, Commissioner U.S. Nuclear Regulatory U.S. Nuclear Regulatory Commission Commission One White Flint North One White Flint North 11555 Rockville Pike 11555 Rockville Pike Rockville, MD 20852 Rockville, MD 20852 Kenneth M. Carr, Frederick M. Bernthal, Commissioner Commissioner U.S. Nuclear Regulatory U.S. Nuclear Regulatory Commission Commission one White Flint North One White Flint North 11555 Rockville Pike 11555 Rockville Pike Rockville, MD 20852 Rockville, MD 20852 Kenneth C. Rogers, William C. Parler, Esquire Commissioner General Counsel U.S. Nucle'.r Regulatory Office of the General Counsel Commission One White Flint North One White Flint North 11555 Rochville Pike 11555 Rockville Pike Rockville, MD 20852 Rockville, MD 20852 Marjorie Nordlinger, Esquire Deputy General Counsel Office of the General Counsel One White Flint North 11555 Rockville Pike Rockville, MD 20852 _ __

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(*=U.S. First Class Mail.)