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)

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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*

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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

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,THE' DAILY XEWS

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

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N-plantqc

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finance ~

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challenge.

rejected . .

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• 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

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• 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

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safe operston of ttw p; ant

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• 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 ,

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- 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'..

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