ML20151T607

Requests Clarification Re Licensee Ability to Provide Financial Coverage for Cost of Low Power Operation at Facility & Cost of Any Permanent Facility Shutdown & Maint in Safe Shutdown Condition Following Low Power Operation

ML20151T607
Person / Time
Site:	Seabrook
Issue date:	08/11/1988
From:	Boger B Office of Nuclear Reactor Regulation
To:	Harrison R PUBLIC SERVICE CO. OF NEW HAMPSHIRE
References
NUDOCS 8808160419
Download: ML20151T607 (5)

Text

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August 11, 1988 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

SUBJECT:

FINANCIAL COVERAGE FOR THE COST OF LOW POWER OPERATION REQUEST FOR ADDITIONAL INFORMATION As you are aware, the NRC is continuing to follow the financial aspects of Seabrook activities. The staff seeks clarification with regards to the applicant's ability to provide financial coverage for the cost of low power operation of Seabrook and the cost of any permanent shutdown of the facility and maintenance in a safe shutdown condition following low power operation.

It would be appreciated if you would provide the additional information requested in the enclosure by August 31, 1988.

Original signed by:

Bruce Boger, Assistant Director for Region I Reactors Division of Reactor Projects I/II

Enclosure:

As stated See next page Distribution: Docket File, NRC & Local PDRs, PDI-3 r/f, RWessman, BBoger, MRushbrook, VNerses, OGC-Rockville, EJordan, BGrimes, Tech Branch, ACRS (10),

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ENCLOSURE REQUEST FOR FINANCIAL INFORMATION SEABROOK UNIT NO. 1 DOCKET NO. 50-443

1. Plene provide detailed estimates of (a.) the total cost to operate Seabrook Unit No.1 at low power only (up to five percent power); and (b.) the total cost to permanently shut down the facility after low power operation only and to maintain it in a safe condition, should that become necessary. Also provide an estimate of the cost to store and to 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 operation, method of fuel storage and disposal and method of permanent shutdown and safe maintenance. In response tc theabove,theapplicants(i.e.,thejointowners)shouldupdatetheir response to the NRC letter dated August 17, 1987. This request for information is in addition to the reporting requirements of the NRC's deconnissioning rule published in the Federal Register on June 27, 1988, (53 FR 24018).

2. Please provide a detailed statement of the sources 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. Indicate the assumptions underlying the projection of each source of funds.

3. Provide copies of the latest funding forecast. approved by the joint owners. Also provide copies of the funding performance for the most recent six months.

4. Provide a detailed statement of the joint owners' plan for covering the 11.6 percent share of Seabrook costs that is no longer being paid by Massachusetts Municipal Wholesale Electric Company (MMWEC). Identify any new or prospective owner (s) or other participant (s) in the project and describe in detail the arrangements for their participation and for covering the share of costs formerly paid by MMWEC. Describe how MMWEC's

2 share of costs will be covered by the time low power operation is authorized.

(For this purpose assume that low power authorization is received after September 1,1988.)

5. Please identify any other joint owner (s) that is in default (or that is expected to be in default in the next twelve months) or in arrears on its Seabrook payments. Describe the circumstances of the default (or potential default) or the arrearage and indicate how the unpaid share is being(orwillbe) covered. Describe the plan for coverage of the share through low power operation up until issuance of a full power license.

(For this purpose, assume a full power license is issued in the sumer 1989.)

6. Describe the effect of bankruptcy on PSNH's ability to cover its share of Seabrook costs both currently and through a period of low power operation.

Please summarize any pronouncements of the Bankruptcy Court that affect PSNH's ability to pay its total share of Seabrook costs both currently and through low power operation up until issuance of a full power license.  !

Indicate if PSNH is up-to-date on payment of its share of costs to the project and explain how PSNH expects to continue to be up-to-date on its payments through low power operation up until issuance of a full power license. (For these purposes, assume a full power license is issued in the sumer 1989.)

7. Describe the status of efforts to spin-off New Hampshire Yankee Electric Corporation as an independent company. Explain any effects on responses to the above questions if the reorganization were to be accomplished.

8. Provide the following for each joint owner:

a. Copies of the most recent published, interim financial statements (and interim report to stockholders for the investor-owned utilities),

b. Copies of the 1987 SEC Form 10-K, the most recent SEC Form 10-Q and the most recent SEC Form 8-K, for the joint owners that file these reports.

4 ..

Mr. Robert J. Harrison

. Pub'l'ic Service Company of New Hampshire Seabrook Nuclear Power Station 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 Hosue Annex Concord, New Hampshire 03301 Mr. Bruce B. Beckley, Pro,iect 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 Sumer Street United Engineers & Constructors Haverhill, Massachusetts 08139 Post Office Box 8223 Philadelphia, Pennsylvania 19101 Robert Backus, Esq.

Backus, Meyer and Solomon Steven Oleskay, 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 Hannon and Weiss ,

2001 S Street, NW Carol S. Sneider, Esq.

!uite 430 Office of the Assistant Attorney General Washington, D.C. 20009 One Ashburton Place P.O. Box 330 Philip Ahren Esq. Boston, Massachusetts 02108 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. Warren Hall Post Office Box 330 Public Service Company of Manchester, New Hampshire 03105 New Hampshire Post Office Box 330 Regional Administrator, Region i Seabrook, New Hampshire 03874 U.S. Nuclear Regulatory Comission 475 Allendale Road Ms. Jane Doughty King of Prussia, Pennsylvania 19406 Seacost Anti-Pollution League 5 Market Street New Hampshire Civil Defense Agency Portsmouth, New Hampshire 03801 107 Pleasant Street Concord, New Hampshire 03301 l

Mr. Diana P. Randall  ;

70 Collins Street Seabrook, New Hampshire 03874 ,

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i Public Service Company of Seabrook Nuclear Power Station

. Ne'w 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 Selectmen Senator Gordon J. Humphrey RFD Dalton Road ATTN: Tom Burack Brentwood, New Hampshire 03833 531 Hart Senate Office Building U.S. Senate Ms. Roberta C. Pevear Washington, D.C. 20510 I Town of Hampton Falls, New Hampshire Drinkwater Road Mr. Owen B. Durgin Chairman Hampton Falls, New Hampshire 03844 Durham Board of Selectmen Town of Durham Mr. Guy Chichester, Chaiman Durham, New Hampshire 03824 Rye Nuclear Intervention Committee Jane Spector c/o Rye Town Hall Federal Energy Regulatory East Kingston, New Hampshire 03827 Comission 825 North Capital Street, NE Chairman, Board of Selectmen Room 8105 RFD 2 Washington, D. C. 20426 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 State Civil Defense Agency Board of Selectmen State Office Park South Town of Amesbury 107 Pleasant Street Town Hall Concord, New Hampshire 03301 Amesbury, Massachusetts 01913 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