DCL-25-031, Decommissioning Funding Report
| ML25087A170 | |
| Person / Time | |
|---|---|
| Site: | Diablo Canyon  |
| Issue date: | 03/28/2025 |
| From: | Zawalick M Pacific Gas & Electric Co |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| DCL-25-031, EPID L-2018-LLE-0023 | |
| Download: ML25087A170 (1) | |
Text
Maureen R. Zawalick Vice President Business and Technical Services Diablo Canyon Power Plant P.O. Box 56 Avila Beach, CA 93424 805.545.4242 Maureen.Zawalick@pge.com A member of the STARS Alliance Callaway x Diablo Canyon x Palo Verde x Wolf Creek PG&E Letter DCL-25-031 ATTN: Document Control Desk 10 CFR 50.75(f)
U.S. Nuclear Regulatory Commission 10 CFR 50.82(a)(8)(v)
Washington, DC 20555-0001 10 CFR 50.82(a)(8)(vii)
Docket No. 50-275, OL-DPR-80 Docket No. 50-323, OL-DPR-82 Diablo Canyon Units 1 and 2 Decommissioning Funding Report for Diablo Canyon Power Plant, Units 1 and 2
Reference:
- 1. NRC Letter, Diablo Canyon Nuclear Power Plant, Units 1 and 2 -
Exemptions from the Requirements of 10 CFR Part 50, Sections 50.82(a)(8)(i)(A) and 50.82(a)(8)(ii) (EPID L-2018-LLE-0023), dated September 10, 2019 (ML19163A104)
Dear Commissioners and Staff:
Pacific Gas and Electric Company (PG&E) is submitting the decommissioning funding report for Diablo Canyon Power Plant (DCPP), Units 1 and 2, pursuant to the requirements of Title 10 of the Code of Federal Regulations (CFR), Section 50.75(f). In accordance with 10 CFR 50.82(a)(8)(v), after submitting the site-specific decommissioning cost estimate (DCE), and until the licensee has completed its final radiation survey and demonstrated that residual radioactivity has been reduced to a level that permits termination of its license, licensees must annually submit to the NRC, by March 31, a financial assurance status report. In addition, in accordance with 10 CFR 50.82(a)(8)(vii), after submitting the site-specific DCE, the licensee must annually submit to the NRC, by March 31, a report on the status of funding for managing irradiated fuel. PG&E is continuing decommissioning pre-planning activities while also taking actions, in accordance with California Senate Bill 846, to extend the operating licenses for DCPP, Units 1 and 2. In a decision issued in December 2023, the California Public Utilities Commission (CPUC) granted PG&E conditional authority to continue operating DCPP for an additional 5 years. The NRC granted PG&Es exemption request from the timely renewal requirement set forth in 10 CFR 2.109(b) in that if Pacific Gas and Electric submits a LRA no later than December 31, 2023, and if the NRC staff finds it acceptable for docketing, the existing operating licenses for Diablo Canyon Power Plant Units 1 and 2 will be in timely renewal under NRC regulations until the NRC has made a final determination on the license renewal application. Further, PG&E met the conditions of the granted exemption. Specifically, PG&E submitted its license renewal application on November 7, 2023, and the NRC deemed the application Pacific Gas and Electric Campany*
Document Control Desk PG&E Letter DCL-25-031 Page 2 A member of the STARS Alliance Callaway x Diablo Canyon x Palo Verde x Wolf Creek sufficient on December 19, 2023. Therefore, the existing operating licenses for DCPP, Units 1 and 2 are in timely renewal under NRC regulations until the NRC makes a final determination on the license renewal application.
In Reference 1, the NRC granted PG&E an exemption request to allow withdrawal of
$187.8 million ($2017) from the Diablo Canyon Nuclear Decommissioning Trust (NDT) to fund radiological decommissioning, spent fuel management, and site restoration planning activities prior to permanent cessation of operations. As of the date of this submittal, in accordance with Section 2.01(7) of the Qualified Master Trust Agreement, PG&E has withdrawn $36.3 million from the DCPP Qualified Master Trust for preliminary decommissioning planning costs incurred through 2019 and $43.3 million for recorded decommissioning planning costs incurred in years 2020 through 2023.
Diablo Canyon Power Plant, Units 1 and 2 At the end of calendar year 2024, the market values of the DCPP Units 1 (3411 MWt) and 2 (3411 MWt) NDT fund were $1,919.9 million and $2,522.9 million, respectively. PG&E currently has more funds in the Diablo Canyon NDT fund than required to meet the minimum NRC decommissioning amount of $822.3 million (2025 dollars) for each unit that was calculated pursuant to the requirements of 10 CFR 50.75(c).
Supporting Cost Estimates PG&E prepared a site-specific DCE that was submitted to the CPUC in the 2021 Nuclear Decommissioning Cost Triennial Proceeding (NDCTP) on December 14, 2021. The CPUC issued final decision D.23-09-004 on September 21, 2023. This decision adopts and approves the Settlement Agreement, dated December 16, 2022, between PG&E, The Utility Reform Network, the Public Advocates Office at the CPUC, Alliance for Nuclear Responsibility, County of San Luis Obispo, Northern Chumash Tribal Council, DHK Associates, and Womens Energy Matters. Based on this site-specific DCE, PG&E estimates that the license termination decommissioning costs are about $1,418.3 million for DCPP Unit 1 and
$1,321.0 million for Unit 2 in 2025 dollars. These costs do not include site restoration of the facilities ($750.3 million in 2025 dollars) or spent fuel management costs ($1,109.2 million in 2025 dollars) after shutdown of Units 1 and 2.
To assure that sufficient funds will be available for decommissioning, PG&E has established separate external sinking trust fund accounts for DCPP, Units 1 and 2.
As part of the final decision in the 2021 NDCTP, PG&E is not currently collecting any additional funds in the Qualified NDT. PG&E will reevaluate funding needs in subsequent NDCTP filings based on market forces, updated estimates, and other factors.
Document Control Desk PG&E Letter DCL-25-031 Page 3 A member of the STARS Alliance Callaway x Diablo Canyon x Palo Verde x Wolf Creek Updates to the information included in this submittal will be included in future submittals.
Supporting Enclosures provides decommissioning funding status information in a format suggested by the Nuclear Energy Institute (NEI) and the NRC. is a cash flow for the total decommissioning of DCPP that identifies the monies for NRC scope (removal of radiological contamination), site restoration (including non-radiological work), and the spent fuel management based on the 2021 NDCTP DCE by unit. The 2021 NDCTP DCE is based on DCPP Units 1 and 2 shutting down at the current expiration date of the operating licenses. PG&E was granted permission by the State of California to continue operating for an additional 5 years, authorized by the NRC's exemption from 10 CFR 2.109(b) for a timely license renewal application. As a result, the cash flows in Enclosure 2 were updated to reflect the additional 5 years until active decommissioning is anticipated to start. Furthermore, approximately 3 years have been added to the cash flow as PG&E is reasonably assuming an additional 3 years for spent fuel pickup due to additional fuel required for extended operations. The DCE will be updated in subsequent NDCTP filings. The cash flows provided in Enclosure 2 represent the forecasted cost for radiological decommissioning, site restoration, and spent fuel management, and do not represent separate sub-accounts within the NDT fund for DCPP.
PG&E makes no new or revised regulatory commitments (as defined by NEI 99-04) in this letter.
Should you have any questions, please contact Mr. Brian Ketelsen at (805)833-9605.
Sincerely, Maureen R. Zawalick Vice President Business and Technical Services Date Enclosures cc:
Diablo Distribution cc/enc:
Mahdi O. Hayes, NRC Senior Resident Inspector Samson S. Lee, NRC Senior Project Manager John D. Monninger, NRC Region IV Administrator INPO M
R March 28, 2025 PG&E Letter DCL-25-031 NRC Decommissioning Funding Status Report Diablo Canyon Power Plant - Units 1 (3411 MWt) & 2 (3411 MWt)
PG&E Letter DCL-25-031 Page 1 of 4 NRC Decommissioning Funding Status Report Diablo Canyon Power Plant - Units 1 (3411 MWt) & 2 (3411 MWt)
As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Any licensee for a plant that is within 5 years of the projected end of its operation, shall submit this report annually.
Note that items 3 and 8 are data included in Pacific Gas and Electric Companys (PG&E) Nuclear Decommissioning Cost Triennial Proceeding (NDCTP) filed with the California Public Utilities Commission (CPUC) on December 14, 2021. The CPUC issued final decision D.23-09-004 on September 21, 2023. This decision adopts and approves the Settlement Agreement, dated December 16, 2022, between PG&E, The Utility Reform Network, the Public Advocates Office at the CPUC, Alliance for Nuclear Responsibility, County of San Luis Obispo, Northern Chumash Tribal Council, DHK Associates, and Womens Energy Matters.
- 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c)1
$ in Millions Value in January 2025 dollars Unit 1: $ 822.3 Unit 2: $ 822.3
- 2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
$ in Millions Market Value (December 2024 dollars)
Unit 1: $ 1,919.9 Unit 2: $ 2,522.9
- 3. A schedule of the annual amounts remaining to be collected include items beyond those required in 10 CFR 50.75 (b) and (c). (The cover letter transmitting the report provides a total cost estimate and indicates the portions of that estimate for items that are not included in 10 CFR 50.75 (b) and (c)).
1 The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on site until transfer to DOE are not included in the cost formulas.
PG&E Letter DCL-25-031 Page 2 of 4 There are no planned contributions to the Qualified Nuclear Decommissioning Trust.
- 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
Escalation Rates in Decommissioning Costs Year PG&E Materials Contract Burial Labor Equipment Labor Costs Other 2023 0.0347 0.0140 0.0338 0.0415 0.0208 2024 0.0347 0.0154 0.0309 0.0415 0.0224 2025 0.0347 0.0159 0.0296 0.0415 0.0233 2026 0.0347 0.0169 0.0297 0.0415 0.0238 2027 0.0347 0.0168 0.0298 0.0415 0.0238 2028 0.0347 0.0176 0.0291 0.0415 0.0236 2029 0.0347 0.0180 0.0287 0.0415 0.0236 2030 0.0347 0.0184 0.0291 0.0415 0.0234 2031 0.0347 0.0187 0.0289 0.0415 0.0235 2032 0.0347 0.0191 0.0297 0.0415 0.0229 2033 0.0347 0.0194 0.0299 0.0415 0.0229 2034 0.0347 0.0195 0.0299 0.0415 0.0229 2035 0.0347 0.0194 0.0299 0.0415 0.0228 2036 0.0347 0.0195 0.0299 0.0415 0.0228 2037 0.0347 0.0196 0.0299 0.0415 0.0228 2038 0.0347 0.0198 0.0299 0.0415 0.0227 2039 0.0347 0.0198 0.0299 0.0415 0.0225 2040 0.0347 0.0197 0.0299 0.0415 0.0225 2041 0.0347 0.0194 0.0299 0.0415 0.0221 2042 0.0347 0.0194 0.0299 0.0415 0.0222 2043 0.0347 0.0195 0.0299 0.0415 0.0222 2044 0.0347 0.0194 0.0299 0.0415 0.0222 2045 0.0347 0.0194 0.0299 0.0415 0.0222 2046 0.0347 0.0195 0.0299 0.0415 0.0222 2047 0.0347 0.0195 0.0299 0.0415 0.0222 2048 0.0347 0.0195 0.0299 0.0415 0.0222 2049 0.0347 0.0196 0.0299 0.0415 0.0222 2050 0.0347 0.0196 0.0300 0.0415 0.0223 2051 0.0347 0.0196 0.0299 0.0415 0.0222 2052 0.0347 0.0196 0.0299 0.0415 0.0223 2053 0.0347 0.0196 0.0299 0.0415 0.0223 2054 0.0347 0.0196 0.0299 0.0415 0.0223 2055 0.0347 0.0196 0.0299 0.0415 0.0223 PG&E Letter DCL-25-031 Page 3 of 4 2056 0.0347 0.0196 0.0299 0.0415 0.0223 2057 0.0347 0.0196 0.0299 0.0415 0.0223 2058 0.0347 0.0196 0.0299 0.0415 0.0223 2059 0.0347 0.0196 0.0299 0.0415 0.0223 2060 0.0347 0.0196 0.0299 0.0415 0.0223 2061 0.0347 0.0196 0.0299 0.0415 0.0223 2062 0.0347 0.0196 0.0299 0.0415 0.0223 2063 0.0347 0.0196 0.0299 0.0415 0.0223 2064 0.0347 0.0196 0.0299 0.0415 0.0223 2065 0.0347 0.0196 0.0299 0.0415 0.0223 2066 0.0347 0.0196 0.0299 0.0415 0.0223 2067 0.0347 0.0196 0.0299 0.0415 0.0223 2068 0.0347 0.0196 0.0299 0.0415 0.0223 2069 0.0347 0.0196 0.0299 0.0415 0.0223 2070 0.0347 0.0196 0.0299 0.0415 0.0223 2071 0.0347 0.0196 0.0299 0.0415 0.0223 2072 0.0347 0.0196 0.0299 0.0415 0.0223 2073 0.0347 0.0196 0.0299 0.0415 0.0223 2074 0.0347 0.0196 0.0299 0.0415 0.0223 2075 0.0347 0.0196 0.0299 0.0415 0.0223 2076 0.0347 0.0196 0.0299 0.0415 0.0223 2077 0.0347 0.0196 0.0299 0.0415 0.0223 2078 0.0347 0.0196 0.0299 0.0415 0.0223 2079 0.0347 0.0196 0.0299 0.0415 0.0223 2080 0.0347 0.0196 0.0299 0.0415 0.0223 2081 0.0347 0.0196 0.0299 0.0415 0.0223 Rate of Earnings on Decommissioning Funds PG&E has assumed a 2 percent real rate of return on decommissioning funds as allowed by 10 CFR 50.75(E)(1)(i).
- 5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
NONE
- 6. Any modifications to a licensees current method providing financial assurance occurring since the last submitted report.
NONE
- 7. Any material changes to trust agreements.
NONE PG&E Letter DCL-25-031 Page 4 of 4
- 8. Current decommissioning cost estimate in Nominal / 2025 dollars.
$ in Millions Total NRC Decommissioning Costs
$ 1,418.3 Scope Excluded from NRC calculations
$ 356.7 Spent Fuel Management
$ 553.4 Total Unit 1 (Decommission 2029)
$ 2,328.5
$ in Millions Total NRC Decommissioning Costs
$ 1,321.0 Scope Excluded from NRC calculations
$ 393.6 Spent Fuel Management
$ 555.8 Total Unit 2 (Decommission 2030)
$ 2,270.3 PG&E Letter DCL-25-031 Diablo Canyon Power Plant Decommissioning Cash Flow
27.072%
A B
C D
E F
G H
I Year BeginningofYear
TrustBalance LicenseTermination Site
Restoration SpentFuel
Management TotalCost
(Withdrawl)
Contributions(2)
Earnings(3)
EndofYear
TrustBalance I(previousyear)
C+D+E
((BF)*0.02)*(1 0.27072)
BF+G+H 2010 7,445
7,445
2011 55,564
55,564
2016 245,827
245,827
2017 3,375,033
$
3,375,033
$
2018 10,043,162
$
67,287
244,115
10,354,563
$
2019 2,175,207
$
954,087
963,249
4,092,543
$
2020 4,525,407
$
936,899
476,469
5,938,775
$
2021 5,802,840
$
1,167,364
$
927,974
7,898,178
$
2022 5,489,666
$
715,275
4,410,804
$
10,615,745
$
2023 1,043,836
$
493,505
14,777,983
$
16,315,323
$
2024 1,140,002
$
298,180
1,438,181
$
1,705,148,192
$
(4) 2025 1,705,148,192
$
679,863
228,575
625,506
1,533,943
$
24,848,236
$
1,728,462,484
$
2026 1,728,462,484
$
1,138,237
$
259,963
4,207,067
$
5,605,267
$
25,128,906
$
1,747,986,124
$
2027 1,747,986,124
$
4,552,947
$
1,039,853
$
10,517,666
$
16,110,467
$
25,260,446
$
1,757,136,102
$
2028 1,757,136,102
$
17,073,553
$
3,899,450
$
26,078,052
$
47,051,055
$
24,942,616
$
1,735,027,664
$
2029 1,735,027,664
$
39,629,249
$
7,121,573
$
31,276,408
$
78,027,230
$
24,168,346
$
1,681,168,779
$
2030 1,681,168,779
$
243,346,406
$
5,776,649
$
4,488,361
$
253,611,416
$
20,821,781
$
1,448,379,144
$
2031 1,448,379,144
$
242,559,824
$
11,907,877
$
9,498,333
$
263,966,034
$
17,275,376
$
1,201,688,485
$
2032 1,201,688,485
$
214,419,485
$
13,535,532
$
47,064,380
$
275,019,398
$
13,516,025
$
940,185,112
$
2033 940,185,112
$
202,673,909
$
9,794,930
$
13,089,205
$
225,558,045
$
10,423,265
$
725,050,332
$
2034 725,050,332
$
144,173,485
$
41,642,092
$
5,266,372
$
191,081,949
$
7,788,249
$
541,756,632
$
2035 541,756,632
$
65,383,378
$
71,982,029
$
6,487,595
$
143,853,002
$
5,803,663
$
403,707,293
$
2036 403,707,293
$
54,610,662
$
58,126,342
$
5,329,086
$
118,066,090
$
4,166,248
$
289,807,451
$
2037 289,807,451
$
53,930,565
$
55,161,685
$
5,259,331
$
114,351,580
$
2,559,129
$
178,015,000
$
2038 178,015,000
$
50,020,640
$
53,924,140
$
5,518,982
$
109,463,761
$
999,861
$
69,551,100
$
2039 69,551,100
$
42,083,577
$
15,310,198
$
6,296,187
$
63,689,962
$
85,488
$
5,946,626
$
2040 5,946,626
$
8,160,699
$
1,046,687
$
9,082,884
$
18,290,270
$
(5) 2041
406,412
7,681,972
$
8,088,384
$
2042
406,336
7,287,921
$
7,694,257
$
2043
404,462
7,534,151
$
7,938,613
$
2044
417,738
6,631,879
$
7,049,617
$
2045
9,082,884
$
9,082,884
$
2046
7,681,972
$
7,681,972
$
2047
7,287,921
$
7,287,921
$
2048
8,589,565
$
8,589,565
$
2049
6,631,254
$
6,631,254
$
2050
7,281,223
$
7,281,223
$
2051
6,680,895
$
6,680,895
$
2052
7,285,791
$
7,285,791
$
2053
7,960,872
$
7,960,872
$
2054
7,256,403
$
7,256,403
$
2055
6,631,254
$
6,631,254
$
2056
7,335,432
$
7,335,432
$
2057
6,656,075
$
6,656,075
$
2058
8,653,308
$
8,653,308
$
2059
6,631,254
$
6,631,254
$
2060
7,285,791
$
7,285,791
$
2061
6,656,075
$
6,656,075
$
2062
7,306,044
$
7,306,044
$
2063
7,985,692
$
7,985,692
$
2064
7,285,791
$
7,285,791
$
2065
6,631,254
$
6,631,254
$
2066
7,256,403
$
7,256,403
$
2067
6,656,075
$
6,656,075
$
2068
9,198,352
$
9,198,352
$
2069
7,612,571
$
7,612,571
$
2070
10,123,171
$
10,123,171
$
2071
10,031,561
$
10,031,561
$
2072
10,522,153
$
10,522,153
$
2073
11,197,452
$
11,197,452
$
2074
10,456,294
$
10,456,294
$
2075
18,504,193
$
18,504,193
$
2076
19,715,408
$
19,715,408
$
2077
17,340,417
$
17,340,417
$
2078
9,552,025
$
9,552,025
$
2079
2,494,552
$
2,494,552
$
2080
2,462,822
$
2,462,822
$
2081
1,354,283
$
1,354,283
$
2082
1,354,283
$
1,354,283
$
2083
1,421,766
$
1,421,766
$
2084
64,169
64,169
1,418,340,470
$
356,726,940
$
553,434,805
$
2,328,502,215
$
207,787,635
$
NOTES 1)
CashFlowassumesDepartmentofEnergy(DOE)UsedFuelRepositoryopensin2031,andpickupfromDCPPbeginsin2038.
2) 2021NDCTPasfiledcontributions.TherewerenocontributionstotheQualifiedNDT.
3)
Earningsassumea2%realrateofreturnanda27.072%effectivetaxrateonearnings.
4)
Liquidatedvalueofendofyear2024trustvalue.
5)
In2040whencostsexceedthetotalprojectedvalueoftheUnit1portionoftheNDT,PG&EanticipatestheUnit2portiontofundallworkthroughtheendoftheproject.
DiabloCanyonPowerPlantUnit1 DecommissioningCashFlow(1)
EstimatedinNominal/2025Dollars
27.072%
A B
C D
E F
G H
I Year BeginningofYear
TrustBalance LicenseTermination Site
Restoration SpentFuel
Management TotalCost
(Withdrawl)
Contributions(2)
Earnings(3)
EndofYear
TrustBalance I(previousyear)
C+D+E
((BF)*0.02)*(1 0.27072)
BF+G+H 2010 7,445
7,445
2011 55,564
55,564
2016 245,827
245,827
2017 3,375,033
$
3,375,033
$
2018 10,043,162
$
67,287
244,115
10,354,563
$
2019 2,175,207
$
954,087
963,249
4,092,543
$
2020 4,525,407
$
936,899
476,469
5,938,775
$
2021 5,802,840
$
1,167,364
$
927,974
7,898,178
$
2022 5,105,659
$
715,275
4,410,804
$
10,231,738
$
2023 1,043,836
$
493,505
14,777,983
$
16,315,323
$
2024 1,140,002
$
298,180
1,438,181
$
2,246,985,223
$
(4) 2025 2,246,985,223
$
734,360
228,575
625,506
1,588,440
$
32,750,459
$
2,278,147,242
$
2026 2,278,147,242
$
1,168,988
$
259,963
4,207,067
$
5,636,018
$
33,145,940
$
2,305,657,164
$
2027 2,305,657,164
$
4,675,950
$
1,039,853
$
10,517,666
$
16,233,470
$
33,392,618
$
2,322,816,312
$
2028 2,322,816,312
$
17,534,814
$
3,899,450
$
25,909,305
$
47,343,569
$
33,189,135
$
2,308,661,879
$
2029 2,308,661,879
$
33,326,789
$
7,121,573
$
31,276,408
$
71,724,770
$
32,627,070
$
2,269,564,179
$
2030 2,269,564,179
$
168,917,505
$
5,776,649
$
2,983,223
$
177,677,377
$
30,511,424
$
2,122,398,226
$
2031 2,122,398,226
$
222,380,745
$
10,766,231
$
5,330,993
$
238,477,969
$
27,478,107
$
1,911,398,364
$
2032 1,911,398,364
$
162,625,615
$
13,476,626
$
9,028,379
$
185,130,621
$
25,178,651
$
1,751,446,394
$
2033 1,751,446,394
$
216,558,839
$
9,745,770
$
45,650,280
$
271,954,890
$
21,579,271
$
1,501,070,776
$
2034 1,501,070,776
$
184,311,478
$
42,311,794
$
8,781,996
$
235,405,268
$
18,460,491
$
1,284,125,999
$
2035 1,284,125,999
$
64,168,264
$
79,139,930
$
6,349,294
$
149,657,488
$
16,546,904
$
1,151,015,415
$
2036 1,151,015,415
$
55,653,512
$
65,816,816
$
5,135,465
$
126,605,793
$
14,941,629
$
1,039,351,251
$
2037 1,039,351,251
$
54,572,619
$
68,931,277
$
5,121,030
$
128,624,925
$
13,283,490
$
924,009,816
$
2038 924,009,816
$
50,558,030
$
62,717,531
$
5,479,564
$
118,755,125
$
11,745,123
$
816,999,813
$
2039 816,999,813
$
42,083,577
$
15,310,198
$
6,277,063
$
63,670,838
$
10,987,755
$
764,316,730
$
2040 764,316,730
$
8,160,699
$
1,046,687
$
9,125,904
$
18,333,290
$
10,880,616
$
744,520,412
$
(5) 2041 744,520,412
$
406,412
7,714,565
$
8,120,977
$
10,740,828
$
739,051,878
$
2042 739,051,878
$
406,336
7,295,024
$
7,701,360
$
10,667,186
$
734,323,447
$
2043 734,323,447
$
404,462
6,914,805
$
7,319,267
$
10,603,792
$
729,669,360
$
2044 729,669,360
$
417,738
7,262,312
$
7,680,050
$
10,530,647
$
725,470,340
$
2045 725,470,340
$
9,125,904
$
9,125,904
$
10,448,313
$
717,709,867
$
2046 717,709,867
$
7,714,565
$
7,714,565
$
10,355,707
$
712,669,037
$
2047 712,669,037
$
7,295,024
$
7,295,024
$
10,288,303
$
708,374,396
$
2048 708,374,396
$
7,969,675
$
7,969,675
$
10,215,823
$
702,030,979
$
2049 702,030,979
$
7,261,661
$
7,261,661
$
10,133,627
$
698,271,691
$
2050 698,271,691
$
6,661,360
$
6,661,360
$
10,087,552
$
694,416,660
$
2051 694,416,660
$
7,311,355
$
7,311,355
$
10,021,843
$
690,446,253
$
2052 690,446,253
$
6,665,927
$
6,665,927
$
9,973,346
$
686,467,882
$
2053 686,467,882
$
8,591,278
$
8,591,278
$
9,887,237
$
679,802,969
$
2054 679,802,969
$
6,636,513
$
6,636,513
$
9,818,537
$
675,728,590
$
2055 675,728,590
$
7,261,661
$
7,261,661
$
9,749,991
$
671,585,666
$
2056 671,585,666
$
6,715,621
$
6,715,621
$
9,697,529
$
667,232,142
$
2057 667,232,142
$
7,286,508
$
7,286,508
$
9,625,703
$
662,915,262
$
2058 662,915,262
$
8,033,445
$
8,033,445
$
9,551,844
$
655,780,353
$
2059 655,780,353
$
7,261,661
$
7,261,661
$
9,459,034
$
651,346,472
$
2060 651,346,472
$
6,665,927
$
6,665,927
$
9,403,053
$
646,797,807
$
2061 646,797,807
$
7,286,508
$
7,286,508
$
9,327,656
$
642,182,880
$
2062 642,182,880
$
6,686,206
$
6,686,206
$
9,269,100
$
637,459,730
$
2063 637,459,730
$
8,477,221
$
8,477,221
$
9,174,087
$
630,170,904
$
2064 630,170,904
$
6,665,927
$
6,665,927
$
9,094,194
$
625,313,381
$
2065 625,313,381
$
7,400,565
$
7,400,565
$
9,012,629
$
620,294,190
$
2066 620,294,190
$
6,636,513
$
6,636,513
$
8,950,565
$
615,351,840
$
2067 615,351,840
$
7,286,508
$
7,286,508
$
8,868,998
$
610,278,255
$
2068 610,278,255
$
8,578,489
$
8,578,489
$
8,776,152
$
601,277,566
$
2069 601,277,566
$
8,243,004
$
8,243,004
$
8,649,765
$
594,071,755
$
2070 594,071,755
$
9,503,281
$
9,503,281
$
8,526,282
$
582,971,586
$
2071 582,971,586
$
10,661,967
$
10,661,967
$
8,347,479
$
570,625,537
$
2072 570,625,537
$
9,985,005
$
9,985,005
$
8,177,279
$
558,295,658
$
2073 558,295,658
$
11,744,127
$
11,744,127
$
7,971,782
$
543,325,860
$
2074 543,325,860
$
11,386,757
$
11,386,757
$
7,758,651
$
529,241,460
$
2075 529,241,460
$
24,370,331
$
24,370,331
$
7,363,848
$
493,730,784
$
2076 493,730,784
$
23,310,998
$
23,310,998
$
6,861,355
$
457,565,733
$
2077 457,565,733
$
17,340,417
$
17,340,417
$
6,420,950
$
429,305,850
$
2078 429,305,850
$
9,552,025
$
9,552,025
$
6,122,361
$
416,324,161
$
2079 416,324,161
$
2,494,552
$
2,494,552
$
6,035,953
$
417,371,012
$
2080 417,371,012
$
2,462,822
$
2,462,822
$
6,051,685
$
418,497,053
$
2081 418,497,053
$
1,354,283
$
1,354,283
$
6,084,278
$
421,872,764
$
2082 421,872,764
$
1,354,283
$
1,354,283
$
6,133,514
$
425,297,712
$
2083 425,297,712
$
1,421,766
$
1,421,766
$
6,182,485
$
428,636,666
$
208 428,636,666
$
64,169
64,169
6,250,987
$
434,759,316
$
1,320,951,765
$
393,558,289
$
555,810,430
$
2,270,320,484
$
753,370,617
$
NOTES 1)
CashFlowassumesDepartmentofEnergy(DOE)UsedFuelRepositoryopensin2031,andpickupfromDCPPbeginsin2038.
2) 2021NDCTPasfiledcontributions.TherewerenocontributionstotheQualifiedNDT.
3)
Earningsassumea2%realrateofreturnanda27.072%effectivetaxrateonearnings.
4)
Liquidatedvalueofendofyear2024trustvalue.
5)
In2040whencostsexceedthetotalprojectedvalueoftheUnit1portionoftheNDT,PG&EanticipatestheUnit2portiontofundallworkthroughtheendoftheproject.
DiabloCanyonPowerPlantUnit2 DecommissioningCashFlow(1)
EstimatedinNominal/2025Dollars