BVY 24-010, Pre-Notice of Disbursement from Decommissioning Trust

Pre-Notice of Disbursement from Decommissioning Trust

ML24065A209
Person / Time
Site:	Vermont Yankee File:NorthStar Vermont Yankee icon.png
Issue date:	03/05/2024
From:	Metzger G, Reid B Bank of New York Mellon, NorthStar Vermont Yankee
To:	Office of Nuclear Reactor Regulation, Document Control Desk
References
BVY 24-010
Download: ML24065A209 (1)

Text

NorthStar Vermont Yankee, LLC Vermont YankeeNuclear Power Station 320 Governor Hunt Rd.

Vernon, VT 05354 802 - 451-5354

BVY 24-010

March 5, 2024

ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555- 0001

SUBJECT:

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

Dear Sir or Madam:

In accordance with Vermont Yankee Nuclear Power Station (VY) 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 NRC.

Article IV, Section 4.05 of the Master Decommissioning Trust Agreement by and between NorthStar Vermont Yankee, LLC (NorthStar) 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 NRC 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 NRC Director of the Office of Nuclear Reactor Regulation.

This letter provides NRC written notification of The Bank of New York Mellons intent, upon receipt of a completed Disbursement Certificate from NorthStar, to make a disbursement from the VY nuclear decommissioning trust in an amount not to exceed (without a supplemental 30- day notice to the Director) $5,000,000.00, for the period of February 2024. The disbursement request is expected to include, among other things, site-specific decommissioning costs related to licensing contractor costs, insurance and property tax.

The disbursement from the VY 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. Thomas B. Silko at 802-451-5354, Ext 2506.

BVY 24-010 / Page 2 of 2

Sincerely,

Glen Metzger Glen Metzger Billy E. Reid, Jr.Billy E. Reid, Jr.

Vice President & Service Director Site Vice President The Bank of New York Mellon NorthStar Vermont Yankee, LLC

cc: Director, Office of Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, DC 20555

Director, Office of Nuclear Material Safety and Safeguards U.S. Nuclear Regulatory Commission Washington, DC 20555

Regional Administrator, Region 1 U.S. Nuclear Regulatory Commission 475 Allendale Rd, Suite 102 King of Prussia, PA 19406

Commissioner Vermont Department of Public Service 112 State Street - Drawer 20 Montpelier, Vermont 05602-2601