ML19327B744

Expresses Concern Re Financial Status of Util When Judging Ability to Safely Operate Facility.Residents Around Facility Need More than Reasonable Assurance That Operations Will Be Consistent W/Public Health & Safety

ML19327B744
Person / Time
Site:	Seabrook
Issue date:	10/21/1989
From:	Fox H AFFILIATION NOT ASSIGNED
To:	Zech NRC
Shared Package
ML19327B743	List: ML19327B744
References
NUDOCS 8911130027
Download: ML19327B744 (2)

Text

g

. ~ g ENDOVERi i OODWORKSnn L Fine Custorn Furniture Ocr 21 '89 ,

pwe. Fie. Zur, OR C.W "D M b1db b.ic7T c o,s .2 ipr 4*

THE 15 6 0 AuC.i At G#WS OF 7v B,ic. 4rsc h c.6- bM PAWi u

oF NN l} AMP'.2 H 8 0 C. V)L40M s u OCs89 0r THILE ABi t.t W TO G M=sW oPPe# ATE TttCi '5tL*6cc:o,c. td o cL GAP,.

TL.AWT l uc:. pc'epvG Wuo 4 i V f" AV O Wo M id ~O4 E fg.tsA- .s u e p eu 9 O 1 e Cr oF TkE N WLW 't4 A7W 4W DAAM W.A U C NO- EtS h l OT" po ge . & CMcuf%f5LG f c.ma a d<, o p tw A'n o 4 5 su ' G s - ^2a CL co u%WT w IM(

y J"lbG\C tMbW k~ *$ hT W , " Q apcyc,J ff%,yQ fr W.2U PAv C C

) *S= goT Acc 05-PTSLt. , 7 Ac t- t c,.O cm t.1 g; +4 G+b , As U/ M T~O I"-V Ac.u ATW.

YOO V b.100 , Thr4-rs. 1 %. t4o WC - Aco ^- + v ecovso i wG ps. PWT , 4 ft*fM.M ,

lZ , VJ 44 W 45 71{ C. Nkb @ t V C* TO u t/c.c W 1 W DusTO y ND 4W .T TG hA=n 6) C= T14 E C o Lv u Qi ea (, v)gU4 WE OL.1/ uUW G oI 'M"" .

.:*,.wp g p A Wb.Y WAT N o V C. Qc.s> u"' N .

i e w L F M Gt.bi j 8911130027 891107 DR ADOCK 0500 3 -hF4J('?i

g. N'yc 39 Liberty Street

• Newburyport, MA 01950 e (508) 462-7726

- . i

,,. .=se. .** v ve** ***e##*"-"' * *W* '-**

• s *e

1. c . . _ _ . .

v. . .-

. s n.,

i .

. . . - . . . ~ - , . . . - . . . . . - - - .

t

,THE' DAILY XEWS

.i  ! .

y i n ,.s s c. a : m s n , -Newbufyport, Massachusetts s ,r a. g.. .

)

N-plantqc

.t .t _ e _

finance ~

l.

challenge.

rejected . .

• lhe slow parade toward federal enurt d Ow $sa?

truuk nuclear pawer plant detate has mnad forward '

with a unanimous omsmn t'y the Nuclear Regulatory Oxunminuun against Massachusetts Attartwy Gerioral i James Shannurt ,

In a ao ruung yesterday, the NRC rticcied Shard i

• pn's charp that the financial)y m eak cond!!ian of Gw JuanYs grimary owner. Pubbe Survet Com;any &

{ tw'ea llampstdre leaves the pubbe vulnaratde to un. i safe operston of ttw p; ant

{# t

• e__ftnd that nn finarkial rnarter riend te expe a,Jwnr or twwmatde anuram, met b kamr IEFITFo namo;cretsara wm te (msivent mitI@Ec Ik u u p. maomed to carrete at ruu g=* the cornn)uwon said in its Epap rubr4 -

Mannon tand he will appeal the damston aract lie expects at least tupJaar chauenges to t!w $ambrook j rre plant to m1nd up in federal court. -

Seabrook offkaals haDed tiw ruhng Plant spoke 6-man Ran Sher sad the dactston togs tvcent favoratde l' developments. including good grades (si .a emergency driD and on a Dmanth review of plant gerfortnance, that support claims heabrtrik could receive a fun-lower luvrae in two to thrw montra.

"De fact is the joint owners of $natrook are finan, tinDy quahned to operste $aatrook Station enfely and the owriers continue to make paytrents in support d hoensing." siand Sher.

In its ruhng, the NRO amid that bntsune Seabrook m owners 31D te allowed to charye rates sufhclent to; er run the plant and make psytnents on s." tum costs, cormdermoon of the owners'past firancialconstruc-eun-

- ww datum na gxdnDeas. .

An in January 1998, Pubhe SerTlae fDed for gnohrtion ,

• "-e.-

- under Chapter 11 of the federal bankruptcy code, a of move that aDowed the company to continue ogerating in wbutit nu. ni,.4 a.

A.id in June that year, the fourth-largest share

. holder, the Mammachunerts Municipal Wholmale 13ec-ts trle Company, deded to put out of the project.

p Shannon seued on the developments to make (tw came that the NRC should consider financing as e a safety cornern along with such other issum as evacun ed than planning Shannan's came was rejected by the 9- Atarnte Safety and !Joensing I untd, and on 'fhuredsy i as by the mm_mW itself.

"Iherv is ateolutely no questian that we wiD apsAel sit

_ ~ ~s this," Massa.chuactts Assistant Attorney General Ste'..

Campa.100 m"e -

t __ . . . _. - ------ -