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flexibility created by interchangeable spent fuel racks may make
these items more useful to petitioner, we do not think that this
feature makes the spent fuel racks interdependent or essential to
the other racks. Because the spent fuel racks at St. Lucie Unit
2 and Turkey Point Unit 3 were placed in service before the
components in issue, we conclude that the spent fuel racks in
issue constitute separate property. As a result, we find that
petitioner did not incur or commit $1 million or 5 percent of the
construction costs for the spent fuel racks at St. Lucie Unit 1
or Turkey Point Unit 4 as of December 31, 1985.
We also find that petitioner did not begin construction of
the spent fuel racks in issue as of December 31, 1985. ER 9304
indicates that petitioner authorized construction of the spent
fuel racks at St. Lucie Unit 1 in January or February 1986. This
ER refers to BI 190, which describes the spent fuel storage racks
planned for St. Lucie Unit 1 and states that “Date work to be
started January, * * * 1986". We find that petitioner began
construction of the spent fuel racks at St. Lucie Unit 1 after
December 31, 1985.
With respect to the spent fuel racks at Turkey Point Unit 4,
ER 1760 authorized the construction of the spent fuel racks at
Turkey Point Unit 4 in March 1987. ER 1760 refers to BI 198;
however, this budget item is not contained in the record. We
believe that petitioner did not begin construction of the spent
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