ML20245F722
| ML20245F722 | |
| Person / Time | |
|---|---|
| Site: | Seabrook  |
| Issue date: | 04/26/1989 |
| From: | Nerses V Office of Nuclear Reactor Regulation |
| To: | Office of Nuclear Reactor Regulation |
| References | |
| NUDOCS 8905020473 | |
| Download: ML20245F722 (4) | |
Text
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April 26, 1989 I
D6cket No. 50-443
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APPLICANT:
Public Service Company of New Hampshire (PSNH)
FACILITY:
Seabrook Station, Unit 1 i
l
SUBJECT:
MEETING
SUMMARY
OnApril20}DivisionofPSNHtodiscusstheapplicants'sourceofdecommis-1989, the NRC staff met with representatives of New Hampshire Yankee (NHY sioning funding and supplemental financial assurance arrangements to deal with the concern of time value of goods and services in the future.
NHY noted that the applicants proposed to provide supplemental financial assurance consisting of prepaid zero coupon treasury bonds maturing on a schedule that would make up the difference between the funds supplied by the i
surety bond and the amounts required to cover decommissioning costs items set forth in the December 21, 1988 Commission decision (CLI 88-10) plus an appropriate allowance for inflation. The additional funds, about $29.6 million, are projected zero coupon treasury bond maturities value based on an initial escrow deposit of about $4.7 million. The meeting went on to discuss supplemental funding needed to take inflation into account on the 25% cost contingency used in CLI 88-10.
The staff recommended that the applicants should contact the Department of Energy (DOE) to confirm that the fuel disposal costs under the particular circumstances that could arise (i.e. low fuel burn-up because the facility had operated only up to 5% of rated power and then had to decommission) is covered by their DOE contract. Also, the applicants should confirm that the
$13 million will be sufficient to cover such costs.
The staff stated it expects to issue, the week of April 23, 1989, the results of its review and evaluation of the NHY's information furnished in this meeting.
A transcript of the meeting, which contains the NHY's handout, and this meeting's attendance list are enclosed.
Original Signed by:
Victor Herses, Senior Project Manager Project Directorate I-3 Division of Reactor Projects I/II
Enclosures:
As stated cc w/ enclosures:
See next page DISTRIBUTION:"Docke't File, NRC& Local PDRs, PDI-3 r/f, 0GC, EJordan, BGrimes, f
ACRS(10), MRushbrook, HBClayton, JWiggins,Rgn.I, DCrutchfield, TMurley, RWessman, MCallahan, MSlosson, MEvans, FMiraglia, STurk, EReis, BBoger, FCongel, DDempsey, DBrinkman, JIgne, JPetersen, SVarga
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Edward A. Brown Seabrook Nuclear Power Station Public Service Company of New Hampshire cc:
Thomas Dignan, Esq.
E. Tupper Kinder, Esq.
John A. Ritscher, Esq.
G. Dana Bisbee, Esq.
Ropes and Gray Assistant Attorney General 225 Franklin Street Office of Attorney General Boston, Massachusetts 02110 208 State House Annex Concord, New Hampshire 03301 Mr. Bruce B. Beckley, Project Manager Public Service Company of. New Hampshire Resident Inspector Post Office Box 330 US Nuclear Regulatory Commission Manchester, New Hampshire 03105 Post Office Box 1149 Seabrook, New Hampshire 03874 Dr. Mauray Tye, President Sun Valley Association Mr. A. M. Ebner, Project Manager 209 Summer Street United Engineers & Constructors Haverhill, Massachusetts 01830 Post Office Box 8223 Philadelphia, Pennsylvania 19101 Robert Backus, Esq.
Backus, Meyer and Solomon Steven Oleskey, Esq.
116 Lowell Street Office of the Attorney General Manchester, New Hampshire 03106 One Ashburton Place P.O. Box 330 Diane Curran, Esq.
Boston, Massachusetts 02108 Harmon and Weiss 2001 S Street, NW Carol S. Sneider, Esq.
Suite 430 Office of the Assistant Attorney General Washington, D.C.
20009 One Ashburton Place P.O. Box 330 Philip Ahren, Esq.
Boston, Massachusetts 02108 l
Assistant Attorney General State House Station #6 D. Pierre G. Cameron, Jr., Esq.
Augusta, Maine 04333 General Counsel Public Service Company of New Hampshire Mr. Edward A. Brown, President Manchester, New Hampshire 03105 and Chief Executive Officer New Hampshire Yankee Division Mr. James M. Peschel Public Service Company of Public Service Company of New Hamsphire New Hampshire P.O. Box 300 Post Office Box 300 Seabrook, New Hampshire 03874 Seabrook, New Hampshire 03874 i
Seacoast Anti-Pollution League Regional Administrator, Region I 5 Market Street U.S. Nuclear Regulatory Commission Portsmouth, New Hampshire 03801 475 Allendale Road 25 Maplewood Ave.
King of Prussia, Pennsylvania 19406 Ms. Diana P. Randall Ashod N. Amirian, Esq.
70 Collins Street Town Counsel for Merrimac Seabrook, New Hempshire 03874 376 Main Street Haverhill, Massachusetts 08130 Mr. T. Feigenbaum Public Service Company of New Hamsphire Post Office Box 330 Sea'urook, New Hampshire 03874 i
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..'i Edward A. Brown, Public
~2-Seabrook Nuclear Power Station Service Company of New Hampshire cc:
'Mr. Calvin A. Canney,. City Manager Mr. Alfred V. Sargent, City Hall Chairman 126 Daniel Street Board of Selectmen Portsmouth, New Hampshire 03801 Town of Salisbury, MA 01950 Board of Selectme-Senator Gordon J. Humphrey RFD Dalton Road ATTN: Tom Burack Brentwood, New Hampshire 03833 531 Hart Senate Office Building U.S. Senate Ms. Suzanne Breiseth, Washington, D.C. 20510 Board of Selectmen Town of Hampton Falls Drinkwater Road Mr. Owen B. Durgin, Chairman Hampton Falls, New Hampshire 03844 Durham Board of Selectmen Town of Durham Mr. Guy Chichester, Chairman Durham, New Hampshire 03824 Rye Nuclear Intervention Committee Jane Spector c/o Rye Town Hall Federal Energy Regulatory 10 Central Road Commission
' Rye,.New Hampshire 03870 825 North Capital Street, N.E.
Room 8105 Chairman, Board of Selectmen Washington D. C. 20426 RFD 2 South Hampton, New Hampshire 03827 Mr. R. Sweeney R. Scott Hill - Whilton Three Metro Center Lagoulis, Clark, Hill-Whilton Suite 610
& McGuire Bethesda, Maryland 20814 79 State Street Newburyport, Ma. 01950 Mr. Richard Strome, Director Ms. R. Cashman, Chairman New Hampshire Office of Emergency Board of Selectmen Management Town of Amesbury State Office Park South Town Hall 107 Pleasant Street Amesbury, Massachusetts 01913 Concord, New Hampshire 03301 Adjudicatory File (2)
Honorable Peter J. Matthews Atomic Safety and Licensing Board Mayor, City of Newburyport Panel Docket City Hall U.S. Nuclear Regulatory Commission Newburyport, Massachusetts 01950 Washington, D.C. 20555 Mr. Donald E. Chick, Town Manager Congressman Nicholas Mavroules Town of Exeter 70 Washington Street 10 Front Street Salem, Massachusetts 01970 Exeter, New Hampshire 03823 Mr. G. Thomas Mr. John C. Duffett Public Service Company of President and Chief Executive Officer New Hampshire Public Service Company of New Hampshire Post Office Box 330 1000 Elm St., P.O. Box 330 Seabrook, New Hampshire 03874 Manchester, New Hampshire 03105
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