ML20203G965

Forwards Request for Addl Info Re Petition for Determination That Accelerating Decommissioning Trust Fund Payments Would Provide Reasonable Assurance of Decommissioning Funding or, in Alternative,Would Merit Permanent Exemption

ML20203G965
Person / Time
Site:	Seabrook
Issue date:	02/25/1998
From:	Casey Smith NRC (Affiliation Not Assigned)
To:	Feigenbaum T NORTH ATLANTIC ENERGY SERVICE CORP. (NAESCO)
References
NUDOCS 9803030123
Download: ML20203G965 (4)

Text

,. February 25. 1998 Mr. Ted C. Fcigenbaum Executiva Vice President and Chief Nuclear Officer North Atlantic Energy Service Corporation c'o Mr. Terry L. Harpster P. O. Box 300 Seabrook, NH 03874

SUBJECT:

REQUEST FOR ADDITIONAL INFORMATION - GREAT BAY POWER CORPORATION DECOMMISSIONING FUNDlHG ASSURANCE

Dear Mr. Flegenbaum:

The NRC staff is reviewing and evaluating Great Bay Power Lorporation's (Great Bay's) petitlots for a determination that accelerating decommissioning trust fund payments would provide reasonable assurance of decommissioning funding or, in the alternative, would merit a permanent exemption. The petition was submitted by you on behalf of Great Bay by letter da'ed January 30,1998. For the staff to cumplete its review, additionalinformation as identified in the enclosure to this letter is required. Please provide your responses no later than March 31,1998.

Sincerely, C aih."Ornitk, rojb bnager Project Directorate 13 Division of Reactor Projects - 1/II Office of Nuclear Reactor Regulation Docket No. 50-443

Enclosure:

Request for Additional lf Infomtation cc w/ encl: See next page DISTRIBUTION 3 Docket File C. Smith OGC PUBLIC T. Clark ACRS PDI 3 Rdg. R. Wood J. Zwolinski S.Hom C. Thomas C. Hehl, RI DOCUMENT NAME: G:\ SMITH \GREATBAY.RAI To r:ceive a copy of this document, indicate in the box: "C" - Copy without attachment / enclosure "E" - Copy with attachmenf/encJosure "N" - No copy ,

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NORTH ATLANTIC ENERGY SERVICE CORPORATION {

SEABROOK STATION DOCKET NO. 50-443 Et2 West for Additional Information - Great Bay Power Corocration's Recuest to Provide Reasonable Assurance of Decommissionino Funds Throuch Accelerated Trust Fund Contributions

1. Provide projected pro forma cash flow, balance sheet, and income statemer, , *ctions for the next 5 years showing both current and proposed accelerated projectior,. of decommissioning trust fund payments. (These projections should be similar in format to those orovided 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 r: ext 5 years if there is no change from those projections provided in Exhibit i 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 decommissionirig trust fund payments, accelerated to complete funding by 2015 as Great Bay proposes, were increased to reflect increased coat e-timates established by the New Hampshire Nuclear Decommissioning Finance CommP, - ' lease indicate the amount of such increases that Great Bay believes it could r :r et financially.

Enclosure x

~

e T. Folgenbaum North Atlantic Energy Service Corporation Seabrook Station, Unit No.1 cc:

Lillian M. Cuoco, Esq. Mr. Dan McEhinney Senior Nuclear Counsel Federal Emergency Management Agency l Northeast Utilities Service Company Region i P.O. Box 2',0 J.W. McCormack P.O. &

Hartford, CT C81410270 Courthouse Building, Room 401 Boston, MA 02109 i Mr. Peter Brann Assistant Attomey General Mr. Peter I.aPorte, Director State House, Station #6 ATTN: James Muckerhelde Augusta, ME 04333 Massachusetts Emergency Management Agency Resident inspector 40u Worcester Road U.S. Nuclear Regulatory Commission P.O. Box 1496 Seabrook Nuclear Power Station Framingham, MA 01701 0317 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 Room 8105 Washington, DC 20426 Mr. Woodbury Fogg, Director New Heinpshire Office of Emergency Town of Exeter Management 10 Front 6treet State Office Park South Exeter, NH 03823 107 Pleasant Street Concord, NH 03301 Mr. George L. tverson, Director New Hampshire Office of Emergency Mr. Roy E. Hickoir 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. Terry L. Harpster .

475 Allendale Road Directo' of Licensing Services King of Prussia, PA 19406 Seabrcok Station North Atlantic Energy Service Corp.

Ofice of the Attomey General P.O. Box 300 One Ashbution 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 Hell Hartford, CT 06141 0270 Amesbury, MA 01913

c' e

2 Mr. W. A. DiProfio Station Director Seabrook Station North Atlantic Energy S6.vice Corporation P.O. Box 300.

Seabrook, NH 03874 Mr. Frank W. Getman, Jr.

Great Bay Power Corporation l

Cocheco Falls Millworks i

100 Main Street, Suite 201 Dover, NH 03820 ,

i Mr. B. D. Kenyon President - Nuclear Group Northeast Utilities Service Group P.O. Box 128 Waterford, CT 06385 Mr. David E. Carriere Director, Production Services Canal Electric Company 2421 Cranberry Highway Wareham, MA 02571

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