ML20237G834
| ML20237G834 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 08/17/1987 |
| From: | Boger B Office of Nuclear Reactor Regulation |
| To: | Harrison R PUBLIC SERVICE CO. OF NEW HAMPSHIRE |
| References | |
| CON-#487-4448 OL-1, NUDOCS 8708240259 | |
| Download: ML20237G834 (3) | |
Text
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CAM 41Md bCC August 17, 1987 Docket No.: 50-443 Mr. Robert J. Harrison President & Chief Executive Officer Public Service Company of New Hampshire Post Office Box 330 Manchester, New Hampshire 03105
Dear Mr. Harrison:
SUBJECT:
RECENT FILINGS BY PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE (PSNH)
BEFORE THE SECURITIES AND EXCHANGE COMMISSION (SEC)
Recent information in your July 22, 1987 filing (on SEC Fonn 8-K) before the SEC reported potential difficulty in developing and implementing a financial recovery plan. You reported that without such a plan PSNH may not be able to avoid proceedings under the Bankruptcy Code.
The staff seeks clarification with regards to the applicants ability to provide financial coverage for the cost of low power operation of Seabrook and the cost of any permanent shut down of the facility and me,intenance in a safe condition following this low power operation.
It would be appreciated if you would provide the infonnation requested in the enclosure by September 8,1987.
Sincerely, l
Bruce A. Boger, Assistant Director for Region I Reactors Division of Reactor Projects I/II
Enclosure:
As stated cc: See next page DISTRIBUTION: Docket file,5 PDI-3 r/f, JPartlow, ACRS (10), NRC PDR, local PDR, VNerses OGC-Bethesda, JFunches, JPetersen
- See previous concurrence A/
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NAME :JPetersen
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- YNerses:Im :BBog DATE :08/ /87
- 08/ /87
- 08/ /87
- 08/n/87 OFFICIAL RECORD COPY 8708240259 870017 PDR ADOCK 05000443 A
F' August 17, 1987 Docket No.: 50 443
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Mr. obert J. Harrison Pres nt & Chief Executive Officer Public rvice Company 'of New Hampshire
' Post Off Box 3',0 l
Manchester, ew Hampshire 03105 Dear Mr. Harri n:
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SUBJECT:
RECENT INGS BY PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE (PSNH)
BEFORE TH ECURITIESANDEXCHANGECOPMISSION(SEC)
Recent information in y Ir July 22, 1987 filing (on SEC Form 8-K) before the SEC reported potential di ficulty in developing and implementing a financial recovery plan.
You report that without such a plan PSNH may not be able to avoid proceedings under the nkruptcy Code.
The staff seeks clarification w h regards to the applicants ability to l
provide financial coverage for th cost of low power operation of Seabrook and the cost of any permanent shut d of the facility and maintenance in a safe condition following this low power o ration.
It would be appreciated if you would provide the infonnation request in the enclosure by September 8, 1987.
Sin rely, Victor Ne s, Acting Director Project Di torate I.3 Division of R ctor Projects I/II
Enclosure:
As stated cc: See next page DISTRIBUTION: Docket file, PDI-3 r/f, JPartlow, ACRS (10), NRC PDR, Local PDR, VNerses, OGC-Bethesda, JFunches, JPetersen kJ (227 DFC. :LEFE
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NAME :dPetersen
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DATE :08//7/87
- 08/ /87
- 08/f'7/87 OFFICIAL RECORD COPY
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REQUEST FOR FINANCIAL INFORMATION u.- ~_
DOCKET NO. 50-443 1.
Please provide detailed estimates of (a.) the total cost to operate Seabrook Unit No. I at low power only (up to five percent power); and (b.) the total cost to pennanently shut down the facility after low power operation only and to maintain it in a safe condition. Also provide an estimate of the cost to store or dispose of the irradiated fuel assuming low power operation only. Describe in detail the assumptions underlying the estimates.
Include assumptions as to power level, duration of opera-tion, method of fuel disposal or storage and method of permanent shutdown and safe maintenance.
2.
Please provide a detailed statement of the source of funds for covering total costs of low power operation and total costs of permanent shutdown of the facility and maintenance in a safe condition after a period of low power operation only.
Identify each of the sources as to when it will be available and estimated dollar amount.
Indicate the assumptions underlying the projection of each source of funds.
3.
In the event that Public Service Company of New Hampshire (PSNH) were to enter bankruptcy proceedings how would this affect PSNH's ability to pay its share of Seabrook's low power operating costs and the costs of permanently shutting the facility down and maintaining it in a safe condition? If PSNH were unable to pay its share of costs, what are the sources and likelihood of availability of funds to cover the PSNH's share? Please describe in detail.
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