ML20216C887
| ML20216C887 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 03/13/1998 |
| From: | Casey Smith NRC (Affiliation Not Assigned) |
| To: | Gunter P NUCLEAR INFORMATION & RESOURCE SERVICE |
| References | |
| NUDOCS 9803160225 | |
| Download: ML20216C887 (4) | |
Text
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.y March 13, 1998 Mr. Pzul Gunter NuclearInformation and R: source Service
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142416th Street NW, Suite 404
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Washington, DC 20036
Dear Mr. Gunter:
I am writing to acknowledge receipt of your letter dated February 17,1998 addressed to Mr. John C. Hoyle, Secretary of the U. S. Nuclear Regulatory Commission (NRC). Your letter, on behalf of the Nuclear Information and Resource Service, was written in support of the February 12,1998
" Response in Opposition to Petition for a Determination that Acceleration of Funding by Great Bay Power Corporation [ Great Bay) Provides Funding Assurance for Decommissioning Within the.
Meaning of 10 (JP '4.75(e)(2)* as submitted by Attomey Robert Backus for the Campaign for Ratepayers Righia. Mr. Backus was writing in response to a petition by Great Bay, dated i
January 29,1998, regarding nuclear decommissioning funding assurance filed with the NRC under cover letter from North Atlantic Energy Service Corporation, dated January 30,1998. The petition requests the NRC to consider accelerated payments as reasonable assurance for Great Bay to meet its decommissioning funding obligations pursuant to 10 CFR 50.75(e)(2). The NRC staff will take the information provided by you and Mr. Backus into consideration as it considers Great Bay's request.
On February 25,1998, the NRC staff requested Great Bay to provide additional information with regards to the January 29,1998 petition. The additional information is needed by the staff to better understand the financial analyses used by Great Bay to anive at the conclusions as stated in its submittal. A copy of the request for additional information is enclosed for your information.
The staff requested a response be submitted by March 31,1998 and anticipates meeting with
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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.
j The NRC staffis also aware of iegislation 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 as it reviews Great Bay's submittal.
If you have any additional questions, you may contact me at (301) 415-1427.
Sincerely,
-(ORIGINAL SIGNED BY)
Craig W. Smith, Project Manager 9803160225 900313 Project Directorate 1 PDR ADOCK 05000443 Division of Reactor Projects - 1/11 H
PDR Office of Nuclear Reactor Regulation Enclosura: Request for Additional Information
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DATE 03/ tf
/98 03/ I () /98' 03f Y /96 Off!CIAL-fECORD COPY
North Ati:ntic Energy Service Corporation Seabrook Station, Unit No.1 cc:
Lillian M. Cuoco, Esq.
Mr. Peter I,aPorte, Director Senior Nuclear Counsel ATTN: James Muckerheide Northsast Utilities Service Company Massachusetts Emerwey Management P.O. Box 270 Agency Hartford, CT 06141-0270 400 Worcectu Road P.O. Box 1496 Mr. Peter Brann Framingham, MA 01701-0317 AJsistant Attomey General Jtain House, Station #6 Jeffrey Howard, Attomey General Augusta, ME 04333 G. Dana Bisbee, Deputy Attomey General Resident inspector 33 Capitol Street U.S. Nuclear Regulatory Commission Concord, NH 03301 Seabrook Nuclear Power Station P.O. Box 114g Mr. Woodbury Fogg, Director Seabrook, NH 03874 New Hampshire Office of Emergency Management Jene Spectet State Office Park South Federal Energy Regulatory Commission 107 Pleasant Street 825 North Capital Street, N.E.
Concord, NH 03301 Room 8105 Washington, DC 20426 Mr. Roy E. Hickok Nuclear Training Manager Town of Exeter Seabrook Station j
10 Front Street North Atlantic Energy Service Corp.
Exeter, NH 03823 P.O. Box 300 Seabrook, NH 03874 Mr. George L Iverson, Director New Hampshire Office of Emergency Mr. Terry L Harpster Management Director of Licensing Services 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. D. M. Goebel 475 Allendale Road Vice President-Nuclear Oversight King of Prussia, PA 19406 Northeast Utilities Service Company P.O. Box 270 Office of the Attomey General Hartford, CT 06141-0270 One Ashburton Place 20th Floor Boston, MA 02108 Board of Selectmen Town of Amesbury Town Hall Amesbury, MA 01g13 Mr. Dan McElhinney Federal Emergency Management Agency Region 1 J.W. McCormack P.O. &
Courthouse Building, Room 401 Boston, MA 02109
I Mr. W. A. DiProfio Station Director Seabrook Statum North Atlantic Energy Service Corporation P.O. Box 300 Saabrook, NH 03874 Mr. Frank W. Getman, Jr.
Great Bay Power Corporation Cocheco Falls Millworks 100 Main Street, Suite 201 Dover, NH 03820 Mr. B. D. Kenyon President - Nuclear Group
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Northeast Utilities Service Group P.O. Box 128 Waterford, CT 06385 l
Mr. Ted C. Feigenbaum Executive Vice President and Chief Nuclear Officer Seabrook Station l
North Atlantic Energy Service Corporation clo Terry L Harpster P.O. Box 300 Seabrook, NH 03874 i
i Mr. David E. Carriere Director, Production Services l
Canal Electric Company i
l 2421 Cranberry Highway l
Wareham, MA 02571 I
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NORTH ATLANTIC ENERGY SERVICE CORPORATION SEABROOK STATION DTKET NO. 50-443 Reauest for Additional information - Great Bay Power Comor ian's'Raa'=st to Provide Reasonable w
Assuranc.e of Decommissionina Funds Thrauah A-- '- =fut Trus* Fund Contdbadians 1.
Provide projected pro fbrma 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 Hampshire Nuclear Decommissioning Finance Committee. Please indicate the amount of such increases that Great Bay believes it could not meet financially.
Enclosure