ML20151G644

Affidavit of Jf Eichorn.* Discusses Applicant Financial Situation.W/Certificate of Svc

ML20151G644
Person / Time
Site:	Seabrook
Issue date:	07/22/1988
From:	Eichorn J EASTERN UTILITIES ASSOCIATES, PUBLIC SERVICE CO. OF NEW HAMPSHIRE
To:
Shared Package
ML20151G642	List: ML20151G639 ML20151G644
References
OL-1, NUDOCS 8807290060
Download: ML20151G644 (6)

Text

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's 00CKEiEn USHRC Filed: July 22, 1988 UNITED STATES OF AMERIM JUL 25 A11 :46 before the gg, ;g g ;.

00CKEiln3 L gavicf.

NUCLEAR REGULATORY COMMISSIONRt NDi

)

In the Matter of )

)

PUBLIC SERVICE COMPANY ) Docket Nos. 50-443-OL-1 OF NEW HAMPSHIRE, ET AL. ) 50-444-OL-1

' )

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

) Issues)

)

AFFIDAVIT OF JOHN F.G. EICHORN, JR.

JOHN F.G. EICHORN, Jr., being on oath, deposes and says as follows:

1. I am the Chairman and Chief Executive Officer of Eastern Utilities Associates, the parent company of Montaup Electric Corporation, which owns approximately 2.9% of SeabroJA Station, and EUA Power Corporation, which owns appro::imately 12% of Seabrook Station. I am also the Chairman of the Joint Owners' Executive Committee of Seabrook Station.

2. As the Commission is aware, since June 1, 1988, Massachusetts Municipal Wholesale Electric Company (MMWEC) ,

has made no monthly payments into Seabrook Station, although at this point, prepaid payments made by MMWEC nave resulted in there being adequate funds available.

3. As the Applicants advised the Commission by a 8807290060 880722 PDR C ADOCK 05000443 PDR

filing under date of July 14, 1988, The Northeast Utilities System (The NU System), one of the joint owners of Seabrook Station made a commitment to make a payment in lieu of the payment due from MMWEC for the month of August, 1988. On July 21, 1988, the Connecticut Light & Power company (CL&P) a subsidiary of Northeast Utilities, which is one of the joint owners of Seabrook Station, made the payment which had been committed.

4. In addition, as the Applicants further advised the Commission, The NU System is working to structure an arrangement that would provide funding for the MMWEC share for at least another year beyond August 31, 1988.

S. In addition to the foregoing, I and George W.

Edwards, Jr. who is the Chairman and Chief Executive Officer of United Illuminating Company, which owns approximately 17%

of Seabrook Station and who also is Vice-chairman of the Seabrook Station Joint Owners' Executive Committee, have been l

l working for many months with different groups to structure a l consortium which alone, or with The NU System, or with other investors and some of the Joint Owners would provide funding for the MMWEC share at least for one year beyond August 31, 1988 with the ultimate objective of acquiring HMWEC's l ownership share in Seabrook Station.

6. It is my present opinion that one of the

, arrangements described in paragraphs 4 and 5, above, will be I

successfully concluded and that funds for the MMWEC share 2

will be made available to the project in a timely manner.

7. In light of the foregoing, it is my present opinion that there is little, if any, likelihood at this time tnat the recent decision of MMWEC will result in any shortfall of funds to Seabrook Station which would compromise in any way the safety of operations at low power.

8. In the event that the circumstances change in any way to alter the opinions expressed in paragraphs 6 and 7, above, the Commission will be notified promptly of such events and the possible effects thereof on Seabrook Station.

s LA. ju, hn F.G'. Eichornf Jr.~

COMMONWEALTH OF MASSACHUSETTS Suffolk, ss. July 21, 1988 Then appeared before me the above subscribed John F.G.

Eichorn, Jr., and made oath that he had read the foregoing affidavit, that he was familiar with the contents thereof, and that the statements therein are true to the best of his knowledge.

Before me, p,

/7?/d {0fMCP (

Notary Public My commission Expires:

KAREN D. RAMACORTI, Notary Public My Commission bpires November.12,19N t

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o DOLKETE0 CERTIFICATE OF SERVICE ^

I, Thomas G. Dignan, Jr., one of thegpt rpgy jfgg the Applicants harein, hereby certify that on Ju y 22, 985, I made service of the within document by de ositing copies thereof wi~th Federal Express, prepaid, fp el;iveryUto (or where indicated, by depositing in the Uni ($tst'eskbhil, first class, postage paid, addressed to): """

Al e " S. Rosenthal, Chairman Howard A. Wilber Ac.'.ic 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 20814 Bethesda, MD 20914 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 Court House Commission Post Office Square East West Tcwers Building Boston, MA 02109 4350 East West Highway Bethesda, MD 20814 Administrative 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 Juoge 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.

Washington, 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

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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 l Commission Commission l East West Towers Building One White Flint North, 15th Fl.

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

• Atomic Safety and Licensing Robert A. Backus, Esquire Appeal Board Pcnel Backus, Meyer & Solomon U.S. Nuclear Regulatory 116 Lowell Street l 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 Mstthew T. Brock, Esquire Assiste.nt 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

• Senator Gordon J. Humphrey R. Scott Hill-Whilton, Esquire U.S. Senate Lagoulis, Clark, Hill-Washington, DC 20510 Whilton & McGuire l (Attn: Tom Burack) 79 State Street i

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 i

.. 1 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.

Washington, DC 20472 Gary W. Holmes, Esquire Richard A. Hampe, Esquire Holmes & Ells Hampe and McNicholas 47 Winnacunnet Road 35 Pleasant Street Hampton, NH 03841 Concord, NH 03301 Judith H. Mizner, Esquire Charles P. Graham, Esquire 79 State Street, 2nd Floor Murphy and Graham Newburyport, MA 01950 33 Low Street 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. Nuclear Regulatory Office of the General Counsel Commission One White Flint North One White Flint North 11555 Rockville 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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