FPL Group, Inc. & Subsidiaries - Page 140

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               With respect to the acquisition and installation of the                
          spent fuel rack system, petitioner incurred capitalized costs               
          (tax basis) of $6,713,729, $532,892, and $6,646,960 for equipment           
          placed in service in the 1988, 1989, and 1990 taxable years,                
          respectively.                                                               
               6.  Area Radiation Monitoring System                                   
               An area radiation monitoring system measures the radiation             
          throughout a nuclear electric generating plant.  The system                 
          consists of a local monitor that measures radiation and cabling             
          to the control room where readouts from all the monitors are                
          displayed.  FPL claims an ITC for the area radiation monitoring             
          system in the 1990 taxable year.                                            
               NUREG 0737 and Supplement 1 to NUREG 0737, dated December              
          17, 1982, provide regulatory guidelines for radiation                       
          monitoring.31  On February 23, 1984, the NRC issued an order                
          confirming FPL’s commitments to comply with Supplement 1 to NUREG           
          0737 with respect to Turkey Point Units 3 and 4.                            
               A 1988 BI No. 145, approved on August 20, 1987, budgeted               
          $1.9 million to replace the area radiation monitoring system.  A            
          section of the BI labeled “purpose and necessity” states:                   

               31 According to these regulatory guidelines:                           
               It is our intent that the guidance documents themselves                
               * * * are not to be used as requirements, but rather                   
               they are to be used as sources of guidance for NRC                     
               reviewers and licensees regarding acceptable means for                 
               meeting the basic requirements.                                        





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