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letter detailing modifications to FPL’s proposed changes. On
July 28, 1987, the NRC sent a letter to FPL advising it that the
technical specifications as modified were approved.
ER No. 9302 details the purchase of two spare reactor vessel
level probes in the authorized amount of $348,000. The earliest
date on the ER is November 1, 1985. The ER was revised to
account for an increase in cost of the project to $798,223, which
was approved in late 1989.
With respect to the acquisition of the reactor vessel
probes, petitioner incurred capitalized costs (tax basis) of
$862,757, -$126,353,26 and -$12,983 for equipment placed in
service during the 1988, 1989, and 1990 taxable years,
respectively.
4. Raceway Protection System
A “raceway” is a system of metal conduits or trays that is
used to transport electric cables from one place to another
throughout a facility and protects the cables from fire hazards.
FPL claims ITCs for the raceway protection system in the 1989 and
1990 taxable years.
Appendix R--Fire Protection Program for Nuclear Power
Facilities Operating Prior to January 1, 1979, 45 Fed. Reg. 76611
26 Mr. Engstrom testified that negative numbers were a
result of FPL’s debit/credit accounting system. On brief,
petitioner explained that the amount of qualified costs (tax
basis) was reduced in the taxable years 1989 and 1990; as a
result, the ITC must be reduced in those years.
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