ML20204J636

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Forwards Firstenergy Corp Annual Rept for 1998 & 1999 Internal Cash Flow Projection as Evidence of Util Guarantee of Retrospective Premiums Which May Be Served Against Facilities
ML20204J636
Person / Time
Site: Beaver Valley, Davis Besse, Perry
Issue date: 03/17/1999
From: Scilla R
CENTERIOR ENERGY
To: Dinitz I
NRC (Affiliation Not Assigned)
Shared Package
ML20204J640 List:
References
PY-CEI-NRR-2264, NUDOCS 9903300137
Download: ML20204J636 (2)


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Akron. Ohc 44308 I d 330-384-5151 March 17,1999 PY-CEI/NRR-2264L DB-No.-2522 Mr. Ira Dinit:

U.S. Nuclear Regulatory Commission Office of Nuclear Reactor Regulation Washington, D.C. 20555 Dear Mr. Dinita Re: Docket Nos. 50-346, 50-440, 50-412, 50-334 Retrospective Premium Guarantee I l

FirstEnergy Corp. (parent'of The Cleveland Electric Illuminating Company, The l Toledo idison Company, Ohio Edison Company, and Pennsylvania Power Company) hereby l provides the documents described below as evidence ofits guarantee of the retrospective f premiums which may be served against the Davis-Besse Unit No.1 ($10,000,000), Perry Unit No.1 ($8,626,000), Beaver Valley Unit No.1 ($5,250,000) and Beaver Valley Unit No. 2

($8,626,000) reactor licenses, per Section 140.21 of 10 CFR Part 140.

(1) FirstEnergy Corp. Annual Report for 1998 (2) A 1999 Internal Cash Flew Projection for FirstEnergy Corp. certified by j the Assistant Treasurer of the Company.  !

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Very uuly yours, i

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N Rar, y Scilla Ar:;istant Treasurer el Encicsures l

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FIRSTENERGY CORP.

1999 INTERN A'. CASH FLOW PROJECTION FOR DAVIS.BESSE UNIT NO.1, PERRY UNIT NO.1,

. AND BEAVER VALLEY UNIT NOS.1 AND 2 NUCLEAR POWER PL ANTS (Dollars in Thousands) 1999 Proiected Cash Flows:  !

. Retained Earnmgs, Depreciation and Amortization $1,226,000 I DeferredIncome Traes and . j Investment Tax Credits (109,000)

Allowance for Funds Used (4,000)

During Construction and Carrying Charges Deferred Operating Expenses (103.000)

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Net Cash Flows $ 1.010.000 1 InternalCash Flow $1.010.000 Average Quarterly Cash Flow $252.000 Percentage Ownership in Units:

- Davis-Besse Unit No.1 100.00 %

Perry Unit No.1 86.26 %

Beaver Valley Unit No. 2 - 86.26%

Beaver Valley Unit No.1 52.50 %

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Maximum Total Contingent Liability $32.502 CERTIFICATION I, Fmdy Scilla, Assistant Treasurer of FirstEnergy Corr., hereby certifies that the foregoing Internal Cash Flow Projection for calendar year 1999 is derived from reasonable assumptions and is a reasonable estimate.

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