PLA-5920, Transmittal of Susquehanna - Guarantee of Payment of Deferred Premiums - 10 CFR 140.21

Transmittal of Susquehanna - Guarantee of Payment of Deferred Premiums - 10 CFR 140.21

ML051880042
Person / Time
Site:	Susquehanna
Issue date:	06/28/2005
From:	Mckinney B Susquehanna
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
PLA-5920
Download: ML051880042 (3)

Text

Britt T. McKlnnoy PPL Susquehanna, LLC %I A Sr. Vice President & Chief Nuclear Officer 769 Salem Boulevard  %

• f4 ' V0 Berwick, PA 18603 Tel. 570.542.3149 Fax 570.542.1504 btmckinney@pplweb.com PPI+ 'O.

JUN 2 8 2005

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T U.S. Nuclear Regulatory Commission Submitted pursuant to Attn: Document Control Desk 10 CFR 140.21c and Mail Station OPI-17 Washington, DC 20555 10 CFR 2.390 SUSQUEHANNA STEAM ELECTRIC STATION GUARANTEE OF PAYMENT OF DEFERRED PREMIUMS - 10 CFR 140.21 Docket Nos. 50-387 PLA-5920 and 50-388 The attached certified financial statement for PPL Susquehanna, LLC (PPL) demonstrates that adequate cash flow is available for payment of deferred premiums, pursuant to 10 CFR 140.21(e). The attached certified financial statement contains proprietary information. PPL therefore, requests that this information be withheld from public disclosure pursuant to 10 CFR §9.17(a)(4) and the policy reflected in 10 CFR §2.390, as described in my enclosed Affidavit.

Because PPL pays all fees and assessments for itself and Allegheny Electric Cooperative, Inc.,

only PPL should be invoiced for the annual fee.

Please contact Mr. Rocco R. Sgarro, Manager - Nuclear Regulatory Affairs at (610) 774-7552 if you have any questions concerning this submittal.

Sincerely, B. T. McKinney Attachment copy: NRC Region I Mr. A. J. Blamey, NRC Sr. Resident Inspector Mr. R. V. Guzman, NRC Project Manager Mr. R. Janati, DEP/BRP Mr. R. Osborne, Allegheny Electric mcn)4

AFFIDAVIT OF BRITT T. McKINNEY I, Britt T. McKinney, Senior Vice President & Chief Nuclear Officer of PPL Susquehanna, LLC (PPL), do hereby affirm and state:

1. I am an officer of PPL authorized to execute this affidavit on its behalf. I am further authorized to review information submitted to the Nuclear Regulatory Commission and apply for the withholding of information from disclosure.

2. PPL is providing information pursuant to 10 CFR 140.21(e), which constitutes proprietary financial information that should be held in confidence by the NRC pursuant to the policy reflected in 10 CFR §§ 2.390(a)(4) and 9.17(a)(4), because:

i. This information is and has been held in confidence by PPL.

ii. This information is of a type that is held in confidence by PPL, and there is a rational basis for doing so because the information contains sensitive financial information concerning PPL's projected revenues and operating expenses.

iii. This information is being transmitted to the NRC in confidence.

iv. This information is not available in public sources and could not be gathered readily from other publicly available information.

v. Public disclosure of this information would create substantial harm to the competitive position of PPL by disclosing PPL's internal financial projections to other parties whose commercial interests may be adverse to those of PPL.

3. Accordingly, PPL requests that the designated documents be withheld from public disclosure pursuant to the policy reflected in 10 CFR §§ 2.390(a)(4) and 9.17(a)(4).

PPL Susquehanna, LLC

,- Britt T. McKinney Senior Vice President &

- Chief Nuclear Officer Subscribed and sworn before me, a Notary Public in and for the Commonwealth of Pennsylvania this

day of , 2005 Laurie Mizlo, Notary Public PnnMnIasoLpusernncCountyoot AMem Ser, M Com xie uy2, 2006

COMMONWEALTH OF PENNSYLVANIA )

COUNTY OF LEHIGH )

James E. Abel, being duly sworn according to law, deposes and says that he is Treasurer of PPL Susquehanna, LLC ("PPL"); that he is authorized to and does make this affidavit to the Nuclear Regulatory Commission (the "Commission") for PPL; and that the facts set forth below are provided in compliance with the requirements of 10 CFR § 140.21 and are true and correct to the best of his knowledge, information and belief:

(i) PPL is licensed to operate Units No. 1 and No. 2 at the Susquehanna Steam Electric Station pursuant to the terms of Facility Operating Licenses No. NPF-14 and No. NPF-22, respectively, issued by the Commission; (ii) Units No. 1 and No. 2 of the Susquehanna Steam Electric Station (90% of which are owned by PPL and 10% of which are owned by Allegheny Electric Cooperative, Inc.) are the only nuclear reactors which PPL is licensed to operate; (iii) Pursuant to Section 140.21(e), PPL has elected to meet the requirement to provide a guarantee for payment of deferred premiums in the form of a cash flow statement and projection; (iv) The cash flow statement for the 12 months ending December 31, 2004 and projection for the year ending December 31, 2005, prepared in accordance with the NRC Regulatory Guide 9.4 (September 1978) and attached hereto, demonstrates that PPL will have sufficient resources for payment of deferred premiums in an amount of up to $20 million which may be assessed against PPL and Allegheny Electric Cooperative, Inc., as owners of Units No. 1 and No. 2 at the Susquehanna Steam Electric Station.

Sworn to and subscribed before me this to day of June, 2005

• , An W, v N ry Public

_ Allerntown, ehigh County, PA My Commission Expires:

--. - otiAll Seal Cathy L Covino, Notary Public City of Allentown, LUhlgh County My Commission Expires Sept. 16, 200