ML20169A606
| ML20169A606 | |
| Person / Time | |
|---|---|
| Issue date: | 07/05/2020 |
| From: | Tanya Smith Office of Nuclear Security and Incident Response |
| To: | FirstEnergy Corp |
| smith, theodore | |
| References | |
| Download: ML20169A606 (2) | |
Text
From:
Smith, Ted To:
"caseym@firstenergycorp.com"
Subject:
FW: Slight changes coming Date:
Friday, June 05, 2020 9:56:00 AM
- Mike,
This is the proposed revised language. My quick read doesnt see a major change, but you will want to compare them and see if this is still satisfactory.
Ted
By letter dated November 12, 2019 (Agencywide Documents Access and Management System (ADAMS Accession No. ML19325C600)) submitted by GPU Nuclear, Inc. (GPUN), acting for itself and for the Metropolitan Edison Company, Jersey Central Power and Light Company, and the Pennsylvania Electric Company, (collectively the FirstEnergy Companies), requested U.S. Nuclear Regulatory Commission (NRC) approval of the direct transfer from the FirstEnergy Companies to TMI-2 Solutions. GPUN requested the NRC approval pursuant to Sections 184 of the Atomic Energy Act of 1954, as amended (AEA), Inalienability of Licenses, and Title 10 of the Code of Federal Regulations (10 CFR) 50.80, Transfer of Licenses, 10 CFR 72.50, Transfer of Licenses, and 10 CFR 50.90, Application for amendment of license, construction permit or early site permit. Information provided for NRC analysis in the request includes a Nuclear Decommissioning Trust (NDT) fund balance as of December 31, 2019 (ADAMS Accession No. ML20079D788). However, due to the ongoing Coronavirus Disease 2019 (COVID-
- 19) public health emergency (PHE), the NRC staff requires additional information to make an informed finding on the license transfer application (LTA). Beginning in January 2020, volatility in global markets began to increase due to the COVID-19 PHE, with major disruptions in U.S. markets beginning in late February. Due to the COVID-19 PHE and its ongoing effects on markets, the value of nuclear decommissioning trust (NDT) fund balances may have fluctuated significantly in recent months. According to the LTA, the TMI-2 NDT is the source of funds for decommissioning TMI-2.
To verify that there is reasonable assurance that funds will be available for decommissioning TMI-2, provide the value of the TMI-2 NDT balance designated for TMI-2 decommissioning responsibilities, as of June 1, 2020. Additionally, provide the highest NDT balance, the lowest NDT balance, and average balance, between December 31, 2019 and June 1, 2020.
Also, we note that the cash flow provided in the LTA is from 2019 - 2037. Confirm whether the proposed licensee intends to extend decommissioning activities by one more year or if the work estimated for 2019 has been completed. If a change is needed for the dates please provide an updated cash flow analysis.
From: Smith, Ted Sent: Friday, June 05, 2020 9:45 AM To: 'caseym@firstenergycorp.com' <caseym@firstenergycorp.com>
Subject:
Slight changes coming
- Mike,
Im sorry about this, but apparently the financial folks want to make a couple tweaks to the questions from yesterday. If you can hold off just a tick, Ill get you an update later today.
This is the risk of this approach, but I think we will be ok. Lets chat briefly after I send you revised language to make sure we are still on track.
Ted