PY-CEI-NRR-2377, Submits Decommissioning Repts for Bvps,Units 1 & 2,Davis- Besse Nuclear Power Station,Unit 1 & Perry Nuclear Power Plant,Unit 1,per 10CFR50.75(f)(1)

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Submits Decommissioning Repts for Bvps,Units 1 & 2,Davis- Besse Nuclear Power Station,Unit 1 & Perry Nuclear Power Plant,Unit 1,per 10CFR50.75(f)(1)
ML20205E081
Person / Time
Site: Beaver Valley, Davis Besse, Perry  FirstEnergy icon.png
Issue date: 03/29/1999
From: Stetz J
CENTERIOR ENERGY
To:
NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
2596, PY-CEI-NRR-2377, NUDOCS 9904050046
Download: ML20205E081 (21)


Text

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FENOD'~ 76 South Main Street FestEnergy Nuclear perating Company l

Mn P. Sw 330 334 5g7g Prasident p;ve 330 334 5ggg March 29,1999 CERTIFIED ~ MAIL - P 377 561842 Return Receipt Requested Control Number: PY-CEl/NRR-2377L ,

SerialNumber: 2596  ?

United States Nuclear Regulatory Commission Document Control Desk l Washington, D.C. 20555 I Beaver Valley Nuclear Power Station, Unit 1 1 i

Docket No. 50-334 Beaver Valley Nuclear Power Station, Unit 2 Docket No. 50-412 Davis-Besse Nuclear Power Station, Unit 1 Docket No. 50-346 Perry Nuclear Power Plant, Unit 1 Docket No. 50-440 Ladies and Gentlemen:

RE: Decommissioning Reports for the Beaver Valley Nuclear Power Station, Units 1 and 2; Davis-Besse Nuclear Power Station, Unit 1; and Perry Nuclear Power Plant, Unit 1 Pursuant to 10 CFR 50.75(f)(1), FirstEnergy Corporation is hereby submitting the Decommissioning Reports for the Beaver Valley Nuclear Power Station, Units 1 and 2; Davis-Besse Nuclear Power Station, Unit 1; and Perry Nuclear Power Plant, Unit 1. Attachments 1 through 4 contain the respective Decommissioning fj Reports for the four facilities. I If you have questions or require additional'information, please contact Mr. Joseph M. Marulli, Director of Financial Services, at (330) 384-5287.

Very truly yours, 9\

John Stetz l p.]QO g President Attachments ~

9904050046 990329 PDR ADOCK 05000334 I PDR _

cc: NRC RegionI Administrator NRC Region III Administrator NRC Resident Inspector for Davis-Besse Nuclear Power Station NRC Resident Inspector for Beaver Valley Nuclear Power Station NRC Resident Inspector for Perry Nuclear Power Plant NRR Project Manager for Davis-Besse Nuclear Power Station NRR Project Manager for Beaver Valley Nuclear Power Station NRR Project Manager for Perry Nuclear Power Plant Robert S. Wood, NRR-Generic Issues and Environmental Projects Branch James Emley - Perry Nuclear Power Plant James Freels, Manager - Davis-Besse Nuclear Power Station Ralph Duckworth - Beaver Valley Nuclear Power Station T, C. Navin (w/o attachments)

R. Scilla (w/o attachments) l E. J. Sitarz (w/o attachments) 1 1

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NRC Decommissioning Funding Status Report Davis-Besse Nuclear Power Station, Unit 1

]

As of December 31,1998 (Note: This report reflects FirstEnergy Corporation's consolidated share of ownership j interest in Davis-Besse Nuclear Power Station, Unit 1). )i

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c) (see Schedule 1):

Cleveland Electric Illuminating Company 139,059,339 Toledo Edison Company 131.589.433

$270.648.772 l

2. The amount accumulated in external trust funds at December 31,1998:

Cleveland Electric Illuminating Company 68,118,622 }'

Toledo Edison Company 64.915.926

$133.034.548

3. A schedule of the annual amounts over the number of years remaining to be collected from j ratepayers is attached as Schedule 2. 1
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on j decommissioning funds, and rates of other factors used in funding projections: q Consolidated Ownership Interest in Unit 100 % j Funds Earnings Rate Through Dismantlement 5.857 %

Decommissioning Cost Inflation Rate 3.857 %

Year of License Termination 2017 Year of Final Dismantlement 2024

5. There are no contracts upon which FirstEnergy Corporation is relying pursuant to 10 CFR ,

I 50.75(e)(1)(v).

6. There are no modifications to FirstEnergy Corporation's current method of providing financial  ;

assurance since the last submitted report. 3 i

7. Copies of each respective trust agreement are on file with FirstEnergy Corporation and are available upon request.

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, , Schedule 1

, Pa9e 1 cf 2

, , CLEVELAND ELECTRIC ILLUMINATING COMPANY Calculation of Minimum Financial Assurance Amount

, for December 1998 l

DAVIS-BESSE NUCLEAR POWER STATION Ohio Regions l Labor (L) = Midwest Energy (E) = National Waste Burial (B) = South Carolina I

Adjustment Escalation Factor Ratio Factor l

L= 1.590 0.65 1.034 E= 0.850 0.13 0.1 *

  • l B= 7.173 0.22 1.578 l PWR Escalation Factor = 2.723 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)

(P = power level in megawatts thermal = 2,772)

($75 + 0.0088(2,772)) million = $9fe,393,600 Escalated Amount for unit = 99,393,600 x 2.723 = $270,648,773 i

Escalated Amount for Cleveland Electric illuminating Company's ownership interest (51,38 %) in the unit:

$270,648,773 x 51.38 % = $139,059,339 for December 1998

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, , Schedule 1 Pags 2 of 2

, TOLEDO EDISON COMPANY Calculation of Minimum Financial Assurance Amount  !

, for December 1998 DAVIS-BESSE NUCLEAR POWER STATION Ohio Regions Labor (L) = Midwest Energy (E) = National Waste Burial (B) = South Carolina For FWR Unit .

Adjustment Escalation Factor Ratio Factor L= 1.590 0.65 1.034 E= 0.850 0.13 0.111 8= 7.173 0.22 1.578 PWR Escalation Factor = 2.723 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)

(P = power level in megawatts thermal = 2,772)

($75 + 0.0088(2,772)) million = $99,393,600 Escalated Amount for unit = 99,393,600 x 2.723 = $270,648,773 Escalated Amount for Toledo Edison Company's ownership interest (48.62 %) in the unit:

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$270,648,773 x 48.62 % = $131,589,433 for December 1998 I

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Schedule 2 Pag 31 cf 1 NRC Decommissioning Funding Status Rrport Schedule of Annual Amounts Remaining to be Collected r '

FirstEnergy Corporation Davis Besse i

l Annual Amounts Collected Cleveland Toledo FirstEnergy Year Electric Edison Consolidated 1999 6,526,236 6,224,772 12,751,008 2000 6,526,236 6,224,772 12,751,008 2001 6,526,236 6,224,772- 12,751,008 2002- 6,526,236 6,224,772 12,751,0C8 2003. 6,526,236 6,224,772 12,751,008 2004 6,526,236 6,224,772 .12,751,008 2005 6,526,236 6,224,772 12,751,008 2006 6,526,238 6,224,772 12,751,008-2007 6,526,236 6,224,772 12,751,008 2008 6,526,236 6,224,772 12,751,008 2009 6,526,236 6,224,772 12,751,008 2010 .6,526,236 6,224,772 12,751,008 2011 6,526,236 6,224,772 12,751,008 2012- 6,526,236 6,224,772 12,751,008 2013 6,526,236 6,224,772 12,751,008 2014 6,526,236 6,224,772 12,751,008 2015 6,526,236 6,224,772 12,751,008 2016 6,526,236 6,224,772 12,751,008 2017 2,175,412 2,074,924 4,250,336 2018 - - -

2019 - - -

2020 - - -

2021 - - -

2022 . - -

2023 - - -

2024 - - -

Total 119,647,660 114,120,820 233,768,480 i

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NRC Dec:mmissiorirg Funding St:tus Report Perry Nuclear Power Plant Unit 1 As of December 31,1998 (Note: This report reflects FirstEnergy Corporation's consolidated share of ownership interest in Perry Nuclear Power Plant Unit 1).

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)(See Schedule 1): l Ohio Edison Company $107,284,500 i Cleveland Electric Illuminating Company 111,254,027 Toledo Edison Company 71,201,147 Pennsylvania Power Company 18.739.026 3 FirstEnergy Consolidated $308.478.700
2. The amount accumulated in external trust fu.,ds at December 31,1998:

Ohio Edison Company $ 36,782,203 Cleveland Electric Illur.inating Company 39,170,036 Toledo Edison Company 25,125,800 Per.nsylvania Power Company 3.935.756 FirsOnergy Consolidated $105.013.795

3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers is attached as Schedule 2
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decomraissioning funds, and rates of other factors used in funding projections:

Consolidated Ownership Interest in Unit 86.26 %

Funds Earnings Rate Through Dismantlement 5.766 %

Decommissioning Cost Inflation Rate 3.76 %

Year of License Termination 2026 Year of Final Dismantlement 2034

5. There are no contracts upon which FirstEnergy Corporation is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Due to the passage of the Pennsylvania Electricity Generation Customer Choice and Competition Act, FirstEnergy Corporation's subsidiary, Pennsylvania Power Company, has accelerated the timing of the contributions to the external trust. The contributions pertaining to !Se Pennsylvania Public Utility Commission will be collected from ratepayers through 2005, while contributions pertaining to FERC will be co!'ected through March 2026.
7. Copies of each respective trust agreement are on file with FirstEnergy Corporation and are e

available upon request.

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l Schedule 1 Pag)1 of 4 OHIO EDISON COMPANY l

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, Calculation of Minimum Financial Assurance Amount j for December 1998 PERRY NUCLEAR POWER PLANT UNIT ONE Ohie Regions Lcbor(L) = Midwest Energy (E) = National W:ste Burial (B) = South Carolina 1

For BWR Unit Adjustment Escalation Factor Ratio Factor L= 1.590 0/35 1.034 E= 0.630 0 13 0.082 B= 6.968 0.22 1.533 BWR Escalation Factor = 2.649 Base Amount for BWR greater than 3400 MWt = 135,000,000 Escalated Amount for unit = 135,000,000 x 2.649 = $357,615,000 Escal!.ted Amount for Ohio Edison Company'c ownership interest 4 (30 %) in the unit:

$357,615,000 x 30% = $107,284,500 for December 1998 l

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i Schedule 1 i Pag 3 2 of 4 CLEVELAND ELECTRIC ILLUMINATING COMPANY l

Calculation of Minimum Financial Assurance Amount l for Decem> -1998 PERRY NUCLEAR POWER PLANT UNIT ONE Chio Regions Labor (L) = Midwest Energy (E) = National Waste Burial (B) = South Carolina j

For BWR Unit Adjustment Escalation Factor Ratio Factor L= 1.590 0.65 1.034 E= 0.630 0.13 0.082 B= 6.968 0.22 1.533 BWR Escalation Factor = 2.649 B:se Amount for BWR greater than 3400 MWt = 135.000.000 i Escalated Amount for unit = 135,000,000 x 2.649 = $357,615,000 Escalated Amount for Cleveland Electric illuminating Company's ownership interest (31.11 %) in the unit:

$357,615,000 x 31.11 % = $111,254,027 for December 1998 i

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, , Schedule 1 Pag 3 3 of 4 TOLEDO EDISON COMPANY Calculation of Minimum Financial Assurance Amount

. for December 1998 PERRY NUCLEAR POWER PLANT UNIT ONE Ohio Recions Labor (L) = Midwest Energy (E) = National W:ste Burial (B) = South Carolina q l

For BWR Unit Adjustment Escalation Factor Ratio Factor L= 1.590 0.65 1.034 E= 0.630 0/13 0.082 B= 6.968 0.22 1.533 BWR Escalation Factor = 2.649 Base Amount for BWR greater than 3400 MWt = 135,000,000 Esalated Amount for unit = 135,000,000 x 2.649 = $357,615,000 Escalated Amount for Toledo Edison Company's ownership interest 1 (19.91 %) in the unit:

$357,615,000 x 19.91 % = $71,201,147 for December 1998 l

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Schedule 1

( Pag 3 4 of 4 PENNSYLVANIA POWER COMPANY Calculation of Minimum Financial Assurance Amount for December 1998 PERRY NUCLEAR POWER PLANT UNIT ONE Ohio Regions  ;

Labor (L) = Midwest ,

Energy (E) = National I W ste Burial (B) = South Carolina For BWR Unit Adjustment Escalation Factor Ratio Factor L= 1.590 0.65 1.034 E= 0.630 0.13 0.082 B= 6.968 0.22 1.533 J I

BWR Escalation Factor = 2.649 l Base Amount for BWR greater than 3400 MWt = 135,000,000 Escalated Amount for unit = 135,000,000 x 2.649 = $357,615,000 Escalated Amount for Penn Power Company's ownership interest (5.24 %) in the unit.

$357,615,000 x 5.24 % =

, $18,739,026 for December 1998

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l Schedule 2 Page 1 of 1 NRC Decommissioning Funding Status Report Schedule of Annual Amounts Remaining to be Collected '

FirstEnergy Corporation Perry 1 I

i Annual Amounts Collected j l Ohio Cleveland Toledo Pennsylvania FirstEnergy '!

Year Edison Electric Edison Power Consolidated I 1999 2,481,072 3,796,296 2,427,984 771,088 9,476,440 I 2000 2,481,072 3,796,296 2,427,984 771,088 9,476,440 l

2001 2,481,072 3,796,296 2,427,984 771,088 9,476,440 2002 2,481,072 3,796,296 2,427,984 771,088 9,476,440 2003 2,481,072 3,796,296 2,427,984 771,088 9,476,440 l 2004 2,481,072 3,796,296 2,427,984 771,088 9,476,440 i' 2005 2,481,072 3,796,296 2,427,984 771,088 9,476,440 2006 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2007 2,481,072 3,796,296 2,427,984 2,088 8,707,440 l 2008 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2009 2,481,072 ' 3,796,296 2,427,984 2,088 8,707,440 l 2010 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2011 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2012 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2013 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2014 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2015 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2016 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2017 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2018 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2019 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2020 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2021 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2022 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2023 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2024 2,481,072 3,796,296 2,427,984 2,088 8,707,440 2025 2,481,072 3,796,296 2,427,984 2,088 8,707A40 2026 620,268 949,074 606,996 522 2,176,860 2027 . . . . .

2028 - . . . .

2029 . . . . .

2030 . . . . .

2031 . . . . .

2032 . . . . .

2033 . . . . . I 2034 . . . . .

Total 67,609,212 103,449,066 66,162,564 5,439,898 242,660,740

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NRC Decommissioning Funding Status Report l Beaver Valley Power Station Unit 1

. As of December 31,1998 1

(Note: This report reflects FirstEnergy Corporation's consolidated share of ownership

! interest in Beaver Valley Power Station Unit 1).

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)(see Schedule 1):

Ohio Edison Company $ 95,269,467 Pennsylvania Power Company 47.634.733 i FirstEnergy Consolidated $142.904.2pg l l

2. The amount accumulated in external trust funds at December 31,1998:

Ohio Edison Company $49,040,804 Pennsylvania Power Company 13.626.015 FirstEnergy Consolidated $12.666.819

3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers is attached as Schedule 2:

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4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Consolidated Ownership Interest in Unit 52.5 %

Funds Earnings Rate through Dismantlemer.t 5.86 %

Decommissionir.g Cost Inflation Rate 3.86 %

Year of License Termination 2016 Safestor Period 2016-2029 Year of Final Dismantlement 2035

5. There are no contracts upon which FirstEnergy Corporation is reiying pursuant to 10 CFR 50.75(e)(1)(v).
6. Due to the passage of the Pennsylvania Electricity Generation Customer Choice and Competition Act, FirstEnergy Corporation's subsidiary, Pennsylvania Power Company, has accelerated the timing of the contributions to the external trust. The contributions pertaining
to the Pennsylvania Public Utility Commission will be collected from ratepayers through 2005, l while contributions pertaining to FERC will be collected through January 2016.
7. Copies of each respective trust agreement are on fi!e with FirstEnergy Corporation and are available upon request.

, u Schedule 1 Pag 31 of 2 OHIO EDISON COMPANY l

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, Calculation of Minimum Financial Assurance Amount for December 1998 BEAVER VALLEY NUCLEAR POWER PLANT UNIT ONE P;nnsylvania Regions Labor (L) = Nodheast Energy (E) = National W:ste Burial (B) = South Carolina For PWR Unit Adjustment Escalat!on Factor Ratio Factor L= 1.660 0.65 1.079 E= 0.850 0.13 0.111 8= 7.173 0.22 1.578 FWR Escalation Factor = 2.768 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0083P)

(P o power level in megawatts thermal = 2,652)

($75 + 0.0088(2,652)) million = $98,337,600 Escalated Amount for unit = 98,337,600 x 2.768 = $272,198,477 Escalated Amount for Ohio Edison Company's ownership interest (35 %) in the unit:

$272,198,477 x 35 % = $95,269,467 for December 1998 1

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  • I Schedula 1 Page 2 of 2 PENNSYLVANIA POWER COMPANY Calculation of Minimum Financial Assurance Amount for December 1998 l BEAVER VALLEY NUCLEAR POWER PLANT UNIT ONE l

Pennsylvania Regions i Labor (L) = Northeast Energy (E) = National W:ste Burial (B) = South Carolina For PWR Unit Adjustment Escalation Factor Ratio tractor L= 1.660 0.65 1.079 E= 0.850 0.13 0.111 l B= 7.173 0.22 1.578 I PWR Escalation Factor = 2.768 I

Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)

(P a power level in me0awatts thermal = 2.652)

($75 + 0.0088(2,652)) million = $98,337,600 Escalated Amount for unit = 98,337,600 x 2.768 = $272,198,477 Escalated Amount for Penn Power Company's ownership interest (17.5 %) in the unit:

$272,198,477 x 17.5% = $47,634,733 for December 1998 l

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Schedule 2 Pags 1 of 1 l

NRC Decommissioning Funding Status Report Schedule of Annual Amounts Remaining to be Collected l

FirstEnergy Corporation Beaver Valley 1 i

Annual Amounts Collected Ohio Pennsylvania FirstEnergy J Year Edison Power Consolidated ]

1999 2,041,608 823,280 2,864,888 l 2000 2,041,608 823,280 2,864,888 j 2001 2,041,608 823,280 2,864,888 2002 2,041,608 823,280 2,864,888 2003 2,041,608 823,280 2,864,888 2004 2,041,608 823,280 2,864,888 l 2005 2,041,608 823,280 2,864,888 l 2006 2,041,608 8,280 ,

2,049,888 )

2007 2,041,608 8,280 2,049,888 2008 2,041,608 8,280 2,049,888 2009 2,041,608 8,280 2,049,888 2010 2,041,608 8,280 2,049,888 2011 2,041,608 8,280 2,049,888 2012 2,041,608 8,280 2,049,888 2013 2,041,608 8,280 2,049,888 i 2014 2,041,608 8,280 2,049,888 l 2015 2,041,608 8,280 2,049,888 I 2016 170,134 690 170,824 2017 . . .

2018 . . .

2019 . . .

2020 . . .

2021 . . .

2022 . . .

2023 . . .

2024 . . .

2025 . . .

2026 . . .

2027 . . .

2028 . . .

2029 . . .

2030 . . .

2031 . . .

2032 . . .

l 2033 . . .

l 2034 . . -

l 2035 . . .

. Total 34,877,470 5,846,450 40,723,920

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  • NRC Decommissioning Funding Status Report Beaver Valley Nuclear Power Station Unit 2

, As of December 31,1998

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(Note: This report reflects FirstEnergy Corporation's consolidated share of ownership interest in Beaver Valley Nuclear Power Station Unit 2),

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! 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)(See Schedule 1):

! Ohio Edison Company $113,996,722 Cleveland EI' etric Illuminating Company 66,606,967 Toledo Edison Company 54.194.717 FirstEnergy Consolidated $234.798.406 l

2. The amount accumulated in external trust funds at December 31,1998:

Ohio Edison Company $35,832,402  !

Cleveland Electric Illuminating Company 19,678,450 l Toledo Edison Company 14.179.433 I FirstEnergy Consolidated $69.690.285 .

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3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers is attached as Schedule 2.
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: j Consolidated FirstEnergy Ownership 86.26 %  !

Funds Earnings Rate through Dismantlement 5.766 %

Decommissioning Cost Inflation Rate 3.766 % ,

Year of License Termination 2027 l Year of Final Dismantlement 2035

5. There are no contracts upon which FirstEnergy Corporation is relying pursuant to 10 CFR 50.75(e)(1)(v).

6.~ There are no modifications to FirstEnergy Corporation's current me :d of providing financial assurance since the last submitted report.

7. Copies of each respective trust agreement are on file with FirstEnergy Corporation and are available upon request.

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Scheo,4 1 Pag 319: 1.

OHIO EDISON COMPANY Calculation of Minimum Financial Assurance Amount for December 1998 BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO Pennsylvania Renlons Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR Unit )

Adjustment Escalation

_ Factor Ratio Factor L= 1.660 0.65 1.079 E= 0.850 0.13 0.111 8= 7.173 0.22 1.578 PWR Escalation Factor = 2.768 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)

(P = power level in megawatts thermal = 2,652)

($75 + 0.0088(2,652)) million = $98,337,600 Escalated Amount for unit = 98,337,600 x 2.768 = $272,198,477 Escalated Amount for Ohic Edison Company's ownership interest (41.88 %) in the unit:

$272,198,477 x 41.88 % = _$113,996,722 for December 1998 i

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Sch;dule 1 Pags 2 of 3  !

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CLEVELAND ELECTRIC ILLUMINATING COMPANY Calculation of Minimum Financial Assurance Amount

. December 31,1998 l BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO l

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P nnsylvania Regions j 1

Labor (L) = Northeast Energy (E) = National W;ste Burial (B) = South Carolina For PWR Unit Adjustment Escalation Factor Ratio Factor L= 1.660 0.65 1.079 E= 0.850 0.13 0.111 B= 7.173 0.22 1.578 PWR Escalation Factor = 2.768 B se Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)

(P = powerlevelin megawatts thermal = 2,652)

($75 + 0.0088(2,652)) million = $98,337,600 Escalated Amount for unit = 98,337,600 x 2.768 = $272,198,477 Escalated Amount for Cleveland Electric illuminating Company's ownership interest (24.47 %) in the unit:

$272,198,477 x 24.47 % = $66,606,967 for December 1998 l

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, , Schedule 1 Page 3 of 3 TOLEDO EDISON COMPANY Calculation of Minimum Financial Assurance Amount a

for December 1998 BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO Pennsylvania Regions j Labor (L) = Northeast Energy (E) = National _ )

Waste Burial (B) = South Carolina i'

For PWR Unit Adjustment Escalation ,

Factor Ratio Factor l L= 1.660 0.65 1.079 )

E= 0.850 0.13 0.111 {'

B= 7.173 0.22 1.578 PWR Escalation Factor = 2.768 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)

(P = power level in megawatts thermal = 2,652)

($75 + 0.0088(2,652)) million = $98,337,600 1

Escalated Amount for unit = 98,337,600 x 2.768 = $272,198,477 Escalated Amount for Toledo Edison Company's ownership interest (19.91 %) in the unit:

$272,198,477 x 19.91 % = $54,194,717 for December 1998 '

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. . Schedula 2 Pags1 of1

, . NRC D: commissioning Funding Status Report Schedule of Annual Amounts Remaining to be Collected FirstEnergy Corporation Beaver Valley 2 Annual Amounts Collected Ohio Cleveland Toledo FirstEnergy Year Edison Electric Edison Consolidated 1999 1,712,108 1,390,032 1,184,856 4,286,996 2000 1,712,108 1,390,032 1,184,856 4,286,996 2001 1,712,108 1,390,032 1,184,856 4,286,996 2002 1,712,108 1,390,032 1,184,856 4,286,996 2003 1,712,108 1,390,032 1,184,856 4,2f4,996 2004 1,712,108 1,390,032 1,184,856 4.086,996 2005 1,712,108 1,390,032 1,184,856 4,286,996 2006 1,712,108 1,390,032 1,184,856 4,286,996 l 2007 1,712,108 1,390,032 1,184,856 4,286,996 2008 1,712,108 1,390,032 1,184,856 4,286,996 2009 1,712,108 1,390,032 1,184,856 4,286,996 2010 1,712,108 1,390,032 1,184,856 4,286,996 2011 1,712,108 1,390,032 1,184,856 4,286,996 2012 1,712,108 1,390,032 1,184,856 4,286,996 2013 1,712,106 1,390,032 1,184,856 4,286,996 2014 1,712.108 1,390,032 1,184,856 4,286,996 2015 1,712,108 1,390,032 1,184,856 4,286,996 2016 1,712,108 1,390,032 1,184,856 4,286,996 2017 1,712,108 1,390,032 1,184,856 4,286,996 2018 1,712,108 1,390,032 1,184,856 4,286,996 2019 1,712,100 1,390,032 1,184,856 4,286,996 l 2020 1,712,108 1,390,032 1,184,856 4,286,996 '

2021 1,712,108 1,390,032 1,184,856 4,286,996 2022 1,712,108 1,390,032 1,184,856 4,286,996 l 2023 1,712,108 1,390,032 1,184,856 4,286,996 2024 1,712,108 1,390,032 1,184,856 4,286,996 2025 1,712,108 1,390,032 1,184,856 4,286,996 2026 1,712,108 1,390,032 1,184,856 4,286,996 2027 713,378 579,180 493,690 1,786,248 2028 - . . .

2029 . . . .

2030 . . . .

2031 . . . .

2032 . . . .

l 2033 . . . .

t 2034 . . . .

l 2035 . . . .

Total 48,652,402 39,500,076 33,669,658 121,822,136 I

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