CNRO-2018-00014, Status of Funding for Managing Irradiated Fuel for Year Ending December 31, 2017, Per 10 CFR 50.82(a)(8)(vii)
| ML18088B246 | |
| Person / Time | |
|---|---|
| Site: | Indian Point, Vermont Yankee, Big Rock Point  |
| Issue date: | 03/29/2018 |
| From: | Halter M Entergy Nuclear Operations |
| To: | Document Control Desk, Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation |
| References | |
| CNRO-2018-00014 | |
| Download: ML18088B246 (8) | |
Text
Entergy Nuclear Operations, Inc 1340 Echelon Parkway Jackson, MS 39213 Tel: 601-368-5500 Mandy Halter Director, Nuclear Licensing CNRO-2018-00014 March 29, 2018 ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 205555-0001
SUBJECT:
Status of Funding for Managing Irradiated Fuel For Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii)
Entergy Nuclear Operations, Inc.
Indian Point Nuclear Generating Station 1 Docket No.50-003 License No. DPR-5 Big Rock Point Docket No. 50-155 License No. DPR-6 Vermont Yankee Docket No. 50-271 License No. DPR-28
Dear Sir or Madam:
10 CFR 50.82(a)(8)(vii) requires that after submitting its site-specific decommissioning cost estimate pursuant to 10 CFR 50.82(a)(4)(i), a licensee must annually submit to the NRC, by March 31, a report on the status of its funding for managing irradiated fuel. On behalf of Entergy Nuclear Indian Point 2, LLC, and Entergy Nuclear Palisades, LLC, and Entergy Nuclear Vermont Yankee, LLC, Entergy Nuclear Operations, Inc. hereby submits the information required for Indian Point 1, Big Rock Point, and Vermont Yankee. All or most of the spent fuel mananagement costs are a liability of the U.S. Government as a result of its breach of the spent fuel disposal contract. However, this report takes no credit for recoveries on that liability.
There are no new regulatory commitments made in this letter. If you have any questions, please contact Mr. Philip Couture at 601-368-5102.
Sincerely, MKH/ljs/plc 10 CFR 50.82(a)(8)(vii)
CNRO-2018-00014 / Page 2 of 2 Attachments: 1. Entergy Nuclear Operations, Inc. Status of Funding for Managing Irradiated Fuel - Indian Point 1, for Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii)
- 2. Entergy Nuclear Operations, Inc. Status of Funding for Managing Irradiated Fuel - Big Rock Point, for Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii)
- 3. Entergy Nuclear Operations, Inc. Status of Funding for Managing Irradiated Fuel - Vermont Yankee, for Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii) cc:
Mr. A. C. Bakken (ECH)
Mr. K. R. Jury (ECH)
Mr. B. E. Green (TMBR)
Mr. L. M. Coyle (ECH)
Mr. C. F. Arnone (PAL)
Mr. C. R. Costanzo (ECH)
Mr. L. J. Smith (ECH)
Mr. A. J. Vitale (IPEC)
Mr. C. R. Daniels (VTY)
USNRC Regional Administrator, Region I USNRC Regional Administrator, Region III USNRC Project Manager, Indian Point 1 USNRC Project Manager, Indian Point 2 USNRC Project Manager, Indian Point 3 USNRC Project Manager, Big Rock Point USNRC Project Manager, Palisades USNRC Project Manager, Vermont Yankee USNRC Resident Inspector, Indian Point 2 USNRC Resident Inspector, Indian Point 3 USNRC Resident Inspector, Palisades Michigan Department of Environmental Quality Michigan Public Service Commission NYS Department of Public Service Vermont Department of Public Service CNRO-2018-00014 (Page 1 of 1)
Entergy Nuclear Operations, Inc.
Status of Funding for Managing Irradiated Fuel - Indian Point 1 For Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii)
Plant Name: Indian Point Nuclear Generating Unit No. 1
- 1. Funds accumulated to cover the cost of managing irradiated fuel as of 12/31/2017
$246.83 million
[Note 1]
- 2. Projected costs to manage fuel until DOE removal (2017$)
$55.27 million
- 3.
Plan as required See Note 2 Note 1: This amount represents the excess funds available in the Unit 1 decommissioning trust fund less an amount necessary to decommission the Independent Spent Fuel Storage Installation (ISFSI). Per Unit 1s updated decommissioning cost analysis, the present value (2017$) of excess funds in Unit 1s decommissioning trust at the end of decommissioning in 2073, after considering license termination expenses, is $247.98 million ($736.94 million/(1.02)^(2073-2018)). See Ending DTF Balance for 2073, Table 12-1, Decommissioning Funding Status Report per 10 CFR §50.75(f)(1) and 10 CFR 50.82(a)(8)(v) -- Entergy Nuclear Operations, Inc., filed March 2018 (Reference 1). The estimated cost for decommissioning Indian Point 1 and 2s share of the site ISFSI is
$7.13 million. Of the 31 casks from Indian Point 1 and 2 on the ISFSI, 5 are attributable to Unit 1, or 16.1%. Unit 1s share of ISFSI decommissioning cost is calculated as 16.1% x $7.13 million, or $1.15 million. Thus, the present value of Unit 1 trust funds available for spent fuel management is $247.98 million minus $1.15 million, or $246.83 million. For purposes of this report only, Indian Point 1 trust funds are being considered separately from Indian Point 2 trust funds; however, both funds are covered by a single trust agreement, and will likely be handled together upon decommissioning.
Note 2: The excess currently existing in Unit 1s decommissioning trust is sufficient to cover the estimated costs of spent fuel management. The licensee acknowledges the need for an exemption pursuant to 10 CFR §50.12(a) to use radiological decommissioning trust funds for costs other than decommissioning activities as defined in 10 CFR 50.2.
REFERENCE:
- 1.
Letter, Entergy Nuclear Operations, Inc. to USNRC, Decommissioning Funding Status Report per 10 CFR §50.75(f)(1) and 10 CFR 50.82(a)(8)(v) -- Entergy Nuclear Operations, Inc., CNRO-2018-00012, dated March 29, 2018 CNRO-2018-00014 (Page 1 of 1)
Entergy Nuclear Operations, Inc.
Status of Funding for Managing Irradiated Fuel - Big Rock Point For Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii)
Plant Name: Big Rock Point
- 1. Funds accumulated to cover the cost of managing irradiated fuel as of 12/31/2017 See Note 1
- 2. Projected costs to manage fuel until DOE removal (2017$)
$50.29 millionNote 2
- 3.
Plan as required See Note 1 Note 1: Spent fuel management costs have been paid for out of Entergy Nuclear Palisades, LLC operating funds since Big Rock Point was acquired from Consumers Energy on April 11, 2007. Entergy Nuclear Palisades, LLC plans to continue paying for spent fuel management costs from said operating funds. Therefore, no funds are specifically accumulated for the cost of managing irradiated fuel at Big Rock Point as of 12/31/2017.
Note 2: Projected costs to manage fuel until DOE removal computed using an assumed date of the completion of fuel removal from site of 2039 CNRO-2018-00014 (Page 1 of 4)
Entergy Nuclear Operations, Inc.
Status of Funding for Managing Irradiated Fuel - Vermont Yankee For Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii)
Plant Name: Vermont Yankee
- 1. Funds accumulated to cover the cost of managing irradiated fuel as of 12/31/2017
$230.94 million
[Note 1]
- 2. Projected costs to manage fuel until DOE removal (2017$)
$220.96 million
- 3.
Plan as required See Note 2 Note 1: This amount represents the excess funds available in the Vermont Yankee decommissioning trust fund less an amount necessary to decommission the Independent Spent Fuel Storage Installation (ISFSI). Per Vermont Yankees site-specific decommissioning cost estimate (Reference 1), the present value of excess funds in the decommissioning trust at the end of decommissioning in 2075, after considering license termination expenses, is $236.27 million ($730.51 million/(1.02)^(2075-2018)). See Table 3-1 below. Table 3-1 has been constructed by removing spent fuel management expenses from Table 13-1, Decommissioning Funding Status Report per 10 CFR
§50.75(f)(1) and 10 CFR 50.82(a)(8)(v) -- Entergy Nuclear Operations, Inc. filed March 2018 (Reference 2), to yield the surplus at the end of decommissioning that would otherwise be available for spent fuel management and ISFSI decommissioning. This calculated surplus takes into account available funds in the decommissioning trust. The estimated cost for decommissioning Vermont Yankees ISFSI is $5.33 million. Thus, the present value of Vermont Yankee trust funds available for spent fuel management is
$236.27 million minus $5.33 million, or $230.94 million.
Note 2: Attachment 13 of Reference 2 demonstrates that the Vermont Yankee decommissioning trust fund is sufficiently funded for all license termination activities and certain spent fuel management activities (i.e., operational costs, shown in Col. 2, less Col. 3, of Table 13-1 of Reference 3), and reflects completion of the transfer to dry fuel storage in 2018. As discussed in the Irradiated Fuel Management Program Update (Reference 3) costs related to spent fuel management operations (e.g., operations and maintenance costs for the spent fuel and Independent Spent Fuel Storage Installation, totaling approximately $161 million) will be funded from the decommissioning trust fund. Entergy Nuclear Operations, Inc. obtained an exemption that allows the use of trust funds for spent fuel management activities (Reference 4). The remaining $60 million is associated with transfer of spent fuel to dry storage (e.g., procurement of dry storage systems, transfer of fuel from the spent fuel pool to the Independent Spent Fuel Storage Installation (ISFSI). To fund the transfer to dry storage portion of spent fuel management costs, Entergy Nuclear Vermont Yankee, LLC has established two separate revolving credit facilities from third party banks totaling $145 million.
CNRO-2018-00014 (Page 2 of 4)
Entergy Nuclear Operations, Inc.
Status of Funding for Managing Irradiated Fuel - Vermont Yankee For Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii)
Table 3-1 Vermont Yankee Nuclear Power Station - SAFSTOR Methodology Annual Cash Flow Analysis - Total License Termination (In Thousands in 2017 Dollars)
Year Column 1 50.75 License Termination Cost ($000s)
Column 2 50.54 (bb)
Spent Fuel Management Cost ($000s)
Column 3 Exclude Dry Fuel Spent Fuel Management Cost ($000s)
Column 4 License Termination Cost plus Spent Fuel Management Cost less Dry Fuel Cost
($000s)
Column 5 Beginning of Year Trust Fund Balance
($000s)
Column 6 Withdraw
($000s)
Column 7 Contribute
($000s)
Column 8 Trust Fund Earnings
($000s)
Column 9 Year Ending Trust Fund Balance
($000s) 2018 63,992 63,992 581,539 63,992 0
10,351 527,897 2019 5,560 5,560 527,897 5,560 0
10,447 532,784 2020 5,506 5,506 532,784 5,506 0
10,546 537,824 2021 5,506 5,506 537,824 5,506 0
10,646 542,965 2022 3,842 3,842 542,965 3,842 0
10,782 549,905 2023 3,842 3,842 549,905 3,842 0
10,921 556,984 2024 3,842 3,842 556,984 3,842 0
11,063 564,205 2025 3,779 3,779 564,205 3,779 0
11,209 571,635 2026 3,932 3,932 571,635 3,932 0
11,354 579,057 2027 3,986 3,986 579,057 3,986 0
11,501 586,572 2028 3,941 3,941 586,572 3,941 0
11,653 594,284 2029 3,932 3,932 594,284 3,932 0
11,807 602,159 2030 3,986 3,986 602,159 3,986 0
11,963 610,136 2031 3,932 3,932 610,136 3,932 0
12,124 618,328 2032 3,941 3,941 618,328 3,941 0
12,288 626,675 2033 3,986 3,986 626,675 3,986 0
12,454 635,143 2034 3,932 3,932 635,143 3,932 0
12,624 643,835 2035 3,932 3,932 643,835 3,932 0
12,798 652,701 2036 3,995 3,995 652,701 3,995 0
12,974 661,680 2037 3,932 3,932 661,680 3,932 0
13,155 670,903 2038 3,932 3,932 670,903 3,932 0
13,339 680,311 2039 3,986 3,986 680,311 3,986 0
13,526 689,851 2040 3,941 3,941 689,851 3,941 0
13,718 699,628 2041 3,932 3,932 699,628 3,932 0
13,914 709,610 2042 3,986 3,986 709,610 3,986 0
14,112 719,737 2043 3,932 3,932 719,737 3,932 0
14,316 730,121 2044 3,941 3,941 730,121 3,941 0
14,524 740,703 2045 3,986 3,986 740,703 3,986 0
14,734 751,451 2046 3,932 3,932 751,451 3,932 0
14,950 762,470 2047 3,932 3,932 762,470 3,932 0
15,171 773,709 CNRO-2018-00014 (Page 3 of 4)
Entergy Nuclear Operations, Inc.
Status of Funding for Managing Irradiated Fuel - Vermont Yankee For Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii) 2048 3,995 3,995 773,709 3,995 0
15,394 785,108 2049 3,932 3,932 785,108 3,932 0
15,624 796,799 2050 3,932 3,932 796,799 3,932 0
15,857 808,725 2051 3,986 3,986 808,725 3,986 0
16,095 820,833 2052 3,941 3,941 820,833 3,941 0
16,338 833,230 2053 3,770 3,770 833,230 3,770 0
16,589 846,049 2054 3,824 3,824 846,049 3,824 0
16,844 859,069 2055 3,770 3,770 859,069 3,770 0
17,106 872,405 2056 3,780 3,780 872,405 3,780 0
17,373 885,998 2057 3,824 3,824 885,998 3,824 0
17,643 899,817 2058 3,770 3,770 899,817 3,770 0
17,921 913,967 2059 3,770 3,770 913,967 3,770 0
18,204 928,401 2060 3,834 3,834 928,401 3,834 0
18,491 943,059 2061 3,770 3,770 943,059 3,770 0
18,786 958,074 2062 3,770 3,770 958,074 3,770 0
19,086 973,390 2063 3,824 3,824 973,390 3,824 0
19,391 988,957 2064 3,780 3,780 988,957 3,780 0
19,704 1,004,881 2065 3,770 3,770 1,004,881 3,770 0
20,022 1,021,133 2066 3,824 3,824 1,021,133 3,824 0
20,346 1,037,654 2067 3,770 3,770 1,037,654 3,770 0
20,678 1,054,562 2068 34,428 34,428 1,054,562 34,428 0
20,403 1,040,536 2069 76,618 76,618 1,040,536 76,618 0
19,278 983,197 2070 109,833 109,833 983,197 109,833 0
17,467 890,831 2071 89,271 89,271 890,831 89,271 0
16,031 817,592 2072 89,728 89,728 817,592 89,728 0
14,557 742,420 2073 53,202 53,202 742,420 53,202 0
13,784 703,003 2074 551 551 703,003 551 0
14,049 716,501 2075 318 318 716,501 318 0
14,324 730,506 713,385 0
0 713,385 581,539 713,385 0
862,352 730,506 CNRO-2018-00014 (Page 4 of 4)
Entergy Nuclear Operations, Inc.
Status of Funding for Managing Irradiated Fuel - Vermont Yankee For Year Ending December 31, 2017 - 10 CFR 50.82(a)(8)(vii)
REFERENCES:
- 1.
Letter, Entergy Nuclear Operations, Inc. to USNRC, Post Shutdown Decommissioning Activities Report, BVY 14-078, dated December 19, 2014 (Accession No. ML14357A110)
- 2. Letter, Entergy Nuclear Operations, Inc. to USNRC, Decommissioning Funding Status Report per 10 CFR §50.75(f)(1) and 10 CFR 50.82(a)(8)(v) -- Entergy Nuclear Operations, Inc., CNRO-2018-00012, dated March 29, 2018
- 3.
Letter, Entergy Nuclear Operations, Inc. to USNRC, Update to Irradiated Fuel Management Program Pursuant to 10 CFR 50.54(bb), BVY14-085, dated December 19, 2014 (Accession No. ML14358A251)
- 4.
NRC Approval of Exemption Request for Spent Fuel Management, 80 Fed. Reg. 35992 (June 23, 2015)