ML20197B613
| ML20197B613 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 03/05/1998 |
| From: | Casey Smith NRC (Affiliation Not Assigned) |
| To: | Backus R BACKUS, MEYER & SOLOMON |
| References | |
| NUDOCS 9803110221 | |
| Download: ML20197B613 (4) | |
Text
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March 5, 1998 Robert A. Backus, Esq.
Backus, Meyer, Solomon, Rood & Branch pgf3 116 Lowell Street l
P.O. Box 516 Manchester, NH 03105-0516
%c & Backus:
This letter acknowledges receipt of your letter dated February 12,1998. In your letter you expressed concerns over Great Bay Power Corporation's (Great Bay's) petition, dated January 29,1998, regarding nuclear decommissioning funding assurance filed with the U. S. Nuclear Regulatory Commission (NRC) under cover of a letter from North Atlantic, Energy Service Corporation, dated January 30,1998. The NRC staff has review 3d your response in opposition to Great Bay's petition and will take your views into consideration as it considers Great Bay's submittal.
On February 25,1998, the NRC staff requested that Great Bay provide additionalinformation with regards to its petition. The additionalinformation is needed by the steff to better understand the financial analyses used by Great Bay to arrive at the conclusions as stated in its January 29,1998 submittal. A copy of the request for additionalinformation is enclosed for your information. The staff requested a response be submitted by March 31,1998 and anticipates meeting with representatives of Great Bay in April to review the responses and discuss other information pertinent to the January 29,1998 submittal. An announcement of the specific date and time of the meeting will be made and the meeting will be open to the public for observation in accordance with NRC policies.
The NRC staff is also aware of legislation pending before the State of New Hampshire to address a means of assuring that the decommissioning funding obligations of Great Bay will be fulfilled. To the extent it is appropriate to do so, the staff will take this legislation into consideration at,it reviews Great Bay's submittal.
No determination will be made on Great Bay's petition ur. lit the NRC staff has reviewed all of the pertinent information. If you have any additional questions, you may contact me at (301) 415-1427.
Sincerely, Original signed by i
Craig W. Smith, Project Manager f
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PDR Division of Reactor Projects - 1/11 Office of Nuclear Reactor Regulation
Enclosure:
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DATE
%/ 4 /98
.4 / F) /98 3/ai/98 3/4/98 Q / c W 98 OFFICIAL RECORD COPY
s North Atlantic En:rgy Service Corporati:n Srbrook St;ti:n, Unit No.1 i
CC:
Lillian M. Cuoco Esq.
Mr. Dan McElhinney Senior Nuclear Counsel Federal Emergency Msnagement Agency Northeast Utilities Service Company Region I P.O. Box 270 J.W. McCormack P.O. &
Hartford, CT 06141 0270 Courthouse Building, Room 401 Boston, MA 0210g Mr. Peter Brann Assistant Attomey General Mr. Peter LaPorte, Director State House, Station #6 ATTN: James Muckerheide Augusta, ME 04333 Massachusetts Emergency Management Agency Resident inspector 400 Worcester Road U.S. Nuclear Regulatory Commission P.O. Box 1496 Seabrook Nuclear Power Station Framin0 ham, MA 017010317 P.O. Box 1149 Seabrook, NH 03874 Jeffrey Howard, Attomey General G. Dana Bisbee, Deputy Attomey Jane Spector General Federal Energy Regulatory Commission 33 Capitol Street 825 North Capital Street, N.E.
Concord, NH 03301 4
Room 8105 Washington, DC 20426 Mr. Woodbury Fogg, Director New Hampshire Office of Emergency Town of Exeter Management 10 Front Street State Office Park South Exeter, NH 03823 107 Pleasant Street Concord, NH 03301 Mr. George L. lverson, Director New Hampshire Office of Emergency Mr. Roy E. Hickok Management Nuclear Training Manager State Office Park South Seabrook Station 107 Pleasant Street North Atlantic Energy Service Corp.
Concord, NH 03301 P.O. Box 300 Seabrook, NH 03874 Regional Administrator, Region i U.S. Nuclear Regulatory Commission Mr. l erry L. Harpster 475 Allendale Road Director of Licensing Services King of Prussia, PA 19406 Seabrook Station North Atlantic Energy Service Corp.
Office of the Attomey General P.O. Box 300 One Ashburton Place Seabrook, NH 03874 20th Floor Boston, MA 02108 Mr. D. M. Goebel Vice President Nuclear Oversight Board of Selectmen Northeast Utilities Service Company Town of Amesbury P.O. Box 270 Town Hall Hartford, CT 06141 0270 Amesbury, MA 01913 i
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2-Mr. W. A. DiProfio Station Director Seabrook Station North Atlantic Energy Service Corporation P.O. Box 300 Seabrook, NH 03874 Mr. Frank W. Getman, Jr.
Great Bay Power Corporation Cocheco Falls Millworks 4C9 Main Street, Suite 201
' ever, NH 03820 Mr. B. D. Kenyon President - Nuclear Group Northeast Utilities Service Group P.O. Box 128 Waterford, CT 06385 Mr. Ted C. Folgenbaum Executive Vice President and Chief Nuclear Officer Seabrook Station North Atlantic Energy Service Corporation clo Terry L. Harpster P.O. Box 300 Seabrook, NH 03874 Mr. David E. Carriere Director, Production Services Canal Electric Company 2421 Cranberry Highway Wareham, MA 02571 Mr. Gerald Chamoff Shaw, Pittman, Potts & Trowbridge 2300 N Street, N.W.
Washington, DC 20037
9 6
NORTH ATLANTIC ENERGY SERVICE CORPORATION SEABROOK STATION DOCKET NO. 50-443 Reauest for AdditionalInformation Great Bay Power Corocration's Reauest to Provide Beasonable Assurance of Decommissionina Funds Throuah Accelerated Trust Fund Contributions 1.
Provide projected pro forma cash flow, balance sheet, and income statement projections for the next 5 years showing both current and proposed accelerated projections of decommissioning trust fund payments. (These projections should be similar in format to those provided as Exhibit 1 of Great Bay's submittal dated June 4,1997.)
2.
Provide current assumptions regarding the market price of electric power that Great Bay expects to sell Seabrook power at for the next 5 years, if there is no change from those projections provided in Exhibit 1 to Great Bay's June 4,1997, submittal, please so state.
3 Provide an analysis of the impact on Great Bay's income, cash flow, and balance sheet statements if decommissioning trust fund payments were accelerated to fully fund Great Bay's projected decommissioning cost obligation for Seabrook by the end of 2008.
4.
Provide a sensitivity analysis of the impact on Great Bay's income, cash flow, and balance sheet statements if decommissioning trust fund payments, accelerated to complete funding by 2015 as Great Bay proposes, were increased to reflect increased cost estimates established by the New Hampanire Nuclear Decommissioning Finance Committee. Please indicate the amount of such increases that Great Bay believes it could not meet financially.
Enclosure i
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