BVY 16-022, Pre-Notice of Disbursement from Decommissioning Trust

Pre-Notice of Disbursement from Decommissioning Trust

ML16174A100
Person / Time
Site:	Vermont Yankee
Issue date:	06/14/2016
From:	Boyle J, Ryan D Bank of New York Mellon, Entergy Nuclear Vermont Yankee
To:	Bill Dean Office of Nuclear Reactor Regulation
References
BVY 16-022
Download: ML16174A100 (2)

Text

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.1 Entergy Nuclear Vermont Yankee, LLC Vermont Yankee 320 Governor Hunt Rd.

~Entergy Vernon, VT 05354 (802) 257-7711 BVY 16-022 June 14, 2016 Mr. William M. Dean, Director Office of Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, DC 20555

SUBJECT:

Pre-Notice of Disbursement from Decommissioning Trust Vermont Yankee Nuelear Power Station Docket No. 50-271 License No. DPR-28

Dear Mr. Dean:

In accordance with Vermont Yankee Nuclear Power Station (VYNPS) Renewed Facility Operating License Condition 3.J.a.(iii), the decommissioning trust agreement must provide that no disbursements or payments from the trust, other than for ordinary administrative expenses, shall be made by the trustee until the trustee has first given thirty (30) days prior written notice to the NRG.

Article IV, Section 4.05 of the Master Decommissioning Trust Agreement by and between Entergy Nuclear Vermont Yankee, LLC (ENVY) and The Bank of New York Mellon, successor by operation of law to Mellon Bank, N.A. as Trustee, provides that no disbursements or payments shall be made by the Trustee, other than Administrative Expenses in accordance with Section 4.02 of the Master Trust Agreement, until the Trustee has first given the NRG thirty (30) days prior written notice of payment; provided, however, that no disbursement or payment from the Master Trust shall be made if the Trustee receives prior written notice of objection from the NRG Director of the Office of Nuclear Reactor Regulation.

This letter provides the NRG written notification of The Bank of New York Mellon's intent, upon receipt of a completed Disbursement Certificate from ENVY, to make a disbursement from the VYNPS nuclear decommissioning trust in an amount not to exceed (without a supplemental 30-day notice to the Director) $11,000,000, for the period of June 2016. The disbursement request is expected to include, among other things, site-specific decommissioning costs related to 1

licensing/emergency planning contractor costs and insurance.

These cost items are identified in the Site Specific Decommissioning* Cost Estimate that was - ... _...,;:;: ..._: :** --

submitted to the NRC with the VYNPS Post-Shutdown Decommissioning Activities Report (PSDAR) on December 19, 2014. See PSDAR, App. C, Table C, at lines 2a.2.23 and 2a.4.1 (ADAMS [J J Accession No. ML14357A110). *fr b rJ~~

BVY 16-022 I Page 2 of 2 The disbursement from the VYNPS nuclear decommissioning trust in the amount described above is planned to be made thirty (30) days following the date of this letter, unless the trustee receives prior written notice of objection from the NRC Director of the Office of Nuclear Reactor Regulation.

This letter contains no new regulatory commitments.

Should you have any questions concerning this letter or require additional information, please contact Mr. Glen Metzger at 412-234-0573 or Mr. John W. Boyle at 802-451-3196.

Sincerely, v*~ .

David Ryan Jo n W. Boyle Managing Director Decommissioning Director The Bank of New York Mellon Entergy Nuclear Vermont Yankee, LLC cc: U.S. Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555-0001 Mr. Daniel H. Dorman Regional Administrator, Region 1 U.S. Nuclear Regulatory Commission 2100 Renaissance Blvd, Suite 100 King of Prussia, PA 19406-2713 Mr. Jack D. Parrott, Senior Project Manager Office of Nuclear Material Satety and Safeguards U.S. Nuclear Regulatory Commission Mail Stop T-BFS Washington, DC 20555 Mr. Christopher Recchia, Commissioner Vermont Department of Public Service 112 State Street - Drawer 20 Montpelier, Vermont 05602-2601 1