BECO-90-092, Forwards, Decommissioning Funding Rept, Per 10CFR50.33(k) & 50.75(b)

Forwards, Decommissioning Funding Rept, Per 10CFR50.33(k) & 50.75(b)

ML20055H969
Person / Time
Site:	Pilgrim
Issue date:	07/26/1990
From:	Bird R BOSTON EDISON CO.
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
BECO-90-092, BECO-90-92, NUDOCS 9007310212
Download: ML20055H969 (3)

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- f . gg , Pilgrim Nuclear Power station . Rocky Hill Road 1 4 Plymouth, Massachusetts 02360 $ ' Ralph G. Bird senior Vice President - Nuclear

                                                                                                            'BM BECo 90- 097 July 26, 1990 q

lj U.S.; Nuclear Regulatory Commission  ; E Document-Control Desk 1 L Hashington, DC 20555

, License DPR-35 E Docket 50-293-p <

PILGRIM NUCLEAR P0HER STATION . 1 DECOMMISSIONING FUNDING REP 0r,I ,

     .                              . BOSTON ED'iSON_ COMPANY (Company) hereby submits this Decomisioning runding                  )

Report in compl_iance with 10 C.F.R. $$ 50.33(k) and.50.75(b). l l  ;

l. W fompany owns 100% undivided interest in the Pilgrim Unit 1  !

Nuciear Power Station (Unit). T 2.: The Company _ hereby certifies that financial assurance for 'l decomissioning the Unit is-provided in the amount of $141,133,174.- I N The calculation of this. amount it set forth in Exhibit A and l 4 ,

                                                      ' complies ~with the formula set forth in 10 C.F.R. 650.75(c). -This         i
                   '.                                   cost estimate will be adjusted annually'to reflect the latest-information published by the Department of Labor and the Nuclear?

h Re2ulatory Comission.  :

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13; Funding will: be adjusted periodically, pending the review and approval of the Massachusetts; Department of Public UtilitiesLand the.  ; Federal Energy Regulatory'Comission. t s 1- 4. _.The adequacy of the current level of the. contribution'toward-funding i the decomissioning cost is-shown 'by the _ calculation attached as

• Exhibit B.

s 5., The Company will provide financial assurance for decommissioning the Unit through an external ; inking fund in.'which deposits will be made f,, at least annually. ' g

 ,[                                              6. Attached as Exhibit C to-this Decommissioning Funding Report is an        ,

+ executed trust instrument for the external fund.

• The actions taken by the Company, as outlined in this report, provide a ,

                                   ' reasonable assurance that adequate funds will be available to decommission the                ,

i Unit. 1 3

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U.S 26 !i990 Nuclear Reguictory Comission

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                                     ;Page 2 1'          .
   .                                  cc:      Mr. R. Eaton, Project Manager
  ' 'a Division of Reactor Projects - I/II Office of Nuclear _eactor R      Regulation Mail ~Stop:

1401 V; S. Nuclear. Regulatory Comission. 1 White. Flint North 11555 Rockville Pike Rockville, MD 20852

                                              . U. S. Nuclear- Regulatory Comission Region I-475 Allendale Road

. King of Prussia', PA--19406 Senior NRC Resident Inspector-Pilgrim Nuclear Power Station

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4; r;  ;

q. y. EXECUTIVE SumARY-

                                                     . DECOMMISSIONING FUNDING REPORT

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                        'He'~&re required to submit a Decomissioning Funding ne port containing a certification that' financial assurance for decommissoning will be provided in 1                      an amount which may be.more, but not less than.the amount stated in 10CFR50.75. This letter, and the associated e):hibits constitutes our

decomissioning funding report. He are required to submit the report on or

p. 'before July 26, 1990. i The Decomissioning Fund was established in 1983.- The fund contains  !

approximately.$38 million. Approximately $5 million per year is added to the

                         . fund pursuant to a 1986 DPU order. State Street Bank is'the Trustee.

u L' The Funding schedule is based on operating Pilgrim thru June 8, 2012. Current funding levels provide reasonable assurance that adeauate funds will be- '  ; available to decomission Pilgrim. ' Note:' BECo applied for a License Extension.on February 28, 1986. The.NRC is actively reviewing this application and we expect a favorable decision before the end of the year. Cost /LTP LTP item-473 should be closed with the submittal of this letter. Future

i. decomissioning. efforts -should be approved and funded under a new LTP number.-

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