ML20215L015
| ML20215L015 | |
| Person / Time | |
|---|---|
| Site: | Comanche Peak  |
| Issue date: | 05/05/1987 |
| From: | Roisman A ROISMAN, A.Z., TEXAS UTILITIES ELECTRIC CO. (TU ELECTRIC) |
| To: | Bloch P, Jordan W, Mccollom K Atomic Safety and Licensing Board Panel |
| References | |
| CON-#287-3355 OL, NUDOCS 8705120071 | |
| Download: ML20215L015 (4) | |
Text
3355 e'
Law Offices Anthony Z. Roisman, P.C.
DockEIEP USIIEC Suite 600 1401 New York Avenue, N.W.
Washington, D.C. 20005 g7 MAY -8 All :)6 Of Counsel To:
Telephone:
f0C 'T HIS bb:i. (202)628-3500 F
Cohen.Milstein & liausfeld Washington. D.C Bar.tCH
. Mozart G. Ratner. P.C Washington. D.C May 5, 1987 Peter B. Bloch Administrative Judge U.S. Nuclear Regulatory Commission Washington, D.C.
20555 Dr. Kenneth A. McCollom 1107 West Knapp Stillwater, OK 74075 Dr. Walter H. Jordan 881 West Outer Drive Oak Ridge, TN 37830 RE:
Texas Utilities Electric Company (Comanche Peak Steam Electric Station, Units 1 and 2), Dkt. No. 50-445, 446 -#0 Gentlemen:
It has just come to our attention that in the enclosed proxy statement Texas Utilities represents, apparently with reference to the Cresap prudency audit which is the subject of our Motion to Compel, the following:
Questions of management prudency and responsibility for cost increases are already under review.
An independent consultant is performing a complete analysis of management prudency.
The causes of deficiencies in the plant's construction are being assessed in the ongoing reinspection and corrective action program.
Findings in these areas will be presented in one or more public forums.
Therefore, additional reviews would be redundant and unnecessarily costly.
8705120071 870505 PDR ADOCK 05000445 G
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It is evident from this statement that the prudency audit is still going on and that its results will be made publicly available.
We believe that this contradicts Applicants' assertions in their Opposition to our Motion to Compel that the prudency audit has been halted and that the information therein will not necessarily be made public.
Sincerely, Af f, Anthonyg. ' Ro, sman Counsel for CASE t
enclosure cc:
service list (w/ enclosure) l L
TEXAS UTILIT!ES COMPANY 2001 Bryan Tower Dattas, Texas 75201 UTILITIES COMPANY NOTICE OF ANNUAL MEETLNG OF SHAREIIOLDERS April 3,1987 NOTlCE OF
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To the Shareholders of ANNU AL MEETING TEXAS LTIUTIES COMPAhT:
OF SH AREHOLDERS The annual meetmg of shareholders of TEXAS UTIUTIES COMPANY will be held in the
- p1 gggyA Cold Rum of the Fairmont Hotel, Ross Avenue and Akard Street, Dallas. Texas, on Fnday, AND Ntav 15.19S7, at 9.30 a.m. for the folloung purposes:
1-PROXY ST ATEMENT
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- 1. To elect a Board of Directors for the ensuing year; 74
- 2. To approve the selection of auditors for the year 196 ;
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- 3. To consider and act upon a shareholder proposal, if presented at the meeting, which d y, May 15,1987, at 930 A.M.
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- 4. To transact such other business as may properly corne before the meeting and any PLACE adjournments thereof.
al on otel The Board of Directors has Exed the close of business on March 27,1987, as the time as of Ross Avenue and Akard Street
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which shareholders entitled to notice of, and to vote at, the meetin cnd any adjournments Dallas, Texas 75201 1
shall be determined.
If you cannot be present in person, PLEASE SICN AND RETURN TIIE ACCOMPANT.
If you cannot be present in person l
ING PROXY PilOMPTLY. No postage need be afExed to the reply envelope which is please sign and return the enctosed i
enclosed herewith for your convenience ifit is maDed in the United States.
proxy promptly so that you may be represented at the meeting.
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i PETra B.Ttm1AM g.
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Secret 8FF I
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- 3. any studies done to hold contractors, architects, engi.
presented in one or more pubhc forums. Therefore, additional reviews would be redundant neers hable for cost overruns.
and unnecessanly costly.
- 4. any other factors which mill affect the cost of Comanche Finally, mindful of its obligation for candor. the Ccmpany is not aware of any n. ate h]
Peak's completion.
factors affecting Comanche Peak's cost that have not been disclosed. Information is provided in annual and quarterly reports to shareholders and other penodie Elmgs, such as the Annual SUPPORTING STATEh!ENT Report on Form 10-K. with the Securines and Exchange Commission. The Company will With the contmuing problems at Comanche Peak. Texas Utilities proside, uthout charge. a copy of its current Forra 10-K to any shareholder w ho requests it.
should consider what the alternatives are. The plant has been a source of imes, of reduced credit ratmgs, and negative pubhcity in siew of the foregomg, management beheves the proposal suggested by the proponents pan,.
would be an inappropriate dupbeation of effort, unduly expensive and of no substantive value.
IF YOU AGREE, PLEASE VOTE "FOR" THIS PROPOSAL. OR The Board of Directors Recommends a Vote ACAINSTThis Shareholder Proposal.
- ABSTAIN
- IF THERE ARE ONLY SOllE POINTS wTTH WHICH YOU.ACREE. THANK YOU.
OTIIER EUSLNTSS The Board of Directors does not intend to bring any busmess other than as stated herem Recommendation of the Board of Directors to vote AC AINSTThis Shareholder Proposah before the meetmg and it has not been informed of any matters that may be presented to the Comanche Peak is a cornerstone of the Company's long-term resource plan for providmg meetmg by others. However,if any other matters properly come before the meetmg.it is the continued rehable electric service. Comanche Peak is needed now to serve customers. and intent of the Board of Directors that the persons named in the proxy will vote pursuant to the the need for the plant will be more acure m coming years. In 1990. mth both umts operatmg.
proxy m accordance with their judgment in such matters.
the Company's projected reserve margm will be 20.5%, essennally the margm traditionally Dated; April 3.19S7 needed to assure rehabihtv.
It is less expensive to complete Comanche Peak than it w'ouid be to build any other form If you cannot be present in persen, of baseload generanon and place it in service durmg the tunt when the espacity is needed.
please sign and return the accompannng proxy promptly.
The pant's estunated cost is about average for nuclear umts scheduled for operation in the 19871990 tune frame, and the units can be placed in service without a substantialimpact on
'rctes.
The Company initiated an extensive reinspeenon and corrective action program to address all design and construction concerns and to proside assurances as to the safety of Cornanche Peak. Through this program, the Company bebeves substantial progress has been made toward obraming an operating license for the plant. Because of this and because the plant is nearing completion at a ume when it is urgently needed, study of cancellanon and/or conversion of the plant would be unnecessarily costly and non-productive.
Questions of management prudency and responsibihty for cost increases are already under reneu. An independent consultant is performing a complete analysis of management prudency. The causes of deBeiencies in the plant's construction are being assessed in the onFomg reinspeenon and corrective action program. Fmdmgs in these areas wi!! be 10 gg a.m. es. e-ee.s em..
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