ENOC-14-00009, Decommissioning Funding Status Report Per 10 CFR Section 50.75(f)(1) and 10 CFR 50.82(a)(8)(v) - Entergy Nuclear Operations, Inc

Decommissioning Funding Status Report Per 10 CFR Section 50.75(f)(1) and 10 CFR 50.82(a)(8)(v) - Entergy Nuclear Operations, Inc

ML14092A362
Person / Time
Site:	Indian Point, Vermont Yankee, Big Rock Point
Issue date:	03/28/2014
From:	Mccann J Entergy Nuclear Operations
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
ENOC-14-00009
Download: ML14092A362 (19)

Text

Entergy Nuclear Operations, Inc En tergyWhite LF t~ff440 Hamilton Avenue Plains, NY 10601 John F. McCann Vice President - Regulatory Assurance ENOC-14-00009 March 28, 2014 U.S. Nuclear Regulatory Commission Attn: Document Control Desk 11555 Rockville Pike Rockville, MD 20852-2738

SUBJECT:

Decommissioning Funding Status Report per 10 CFR §50.75(f)(1) and 10 CFR 50.82(a)(8)(v) -- Enter-gy Nuclear Operations, Inc Indian Point Nuclear Generating Stations 1, 2, & 3 Dockets 50-3, 50-247 and 50-286 Vermont Yankee Nuclear Power Station Docket 50-271 Big Rock Point Docket 50-155

REFERENCES:

1. NUREG-1307, "Report on Waste Burial Charges," Revision 15, dated January 2013.

2. NRC Regulatory Issue Summary 2001-07, "10 CFR 50.75(f)(1) Reports on the Status of Decommissioning Funds (Due March 31, 2001 )."

Dear Sir or Madam:

10 CFR 50.75(f)(1 ) requires each power reactor licensee to report to the NRC by March 31 of each year the status of its decommissioning funding for each reactor or share of a reactor that it owns that is within 5 years of the end of its current operating license or where conditions have changed so that it will close within 5 years. 10 CFR 50.82(a)(8)(v) requires licensees of shutdown sites to report to the NRC annually, by March 31, on the status of decommissioning financial assurance for those sites. On behalf of Entergy Nuclear Indian Point 2, LLC (Indian Point 1 & 2), Entergy Nuclear Indian Point 3, LLC, Entergy Nuclear Vermont Yankee, LLC, and Entergy Nuclear Palisades, LLC, Entergy Nuclear Operations, Inc. hereby submits the information requested for power reactors and sites operated by Entergy Nuclear Operations, Inc. The reports provided in Attachments 1 through 8 for the five licensed facilities addressed by this filing were prepared in accordance with NUREG-1307 (Reference 1) and NRC Regulatory Issue Summary 2001-07 (Reference 2). Attachment 8 is an updated site specific decommissioning cost estimate for Indian Point Unit 1. The Minimum Funding Assurance CC)I

ENOC-14-00009 Page 2 of 3 calculation worksheets, derived from LIC-205 Revision 4, are provided in Attachment 9 for the convenience of the reviewer.

The aforementioned worksheets, using the December 31, 2013 trust fund balances and parent guarantee amounts, indicate that all of the plants covered by this submittal met or exceeded the NRC's funding requirements. Accordingly, the licensees conclude that no further action is required at this time to demonstrate adequate funding assurance for decommissioning the plants covered by this submittal.

There are no new commitments made in this letter. If you have any questions, please contact Mr. David Mannai, Senior Manager, Fleet Regulatory Assurance at 802-380-1175.

Sincerely, JFM / djm / trj Attachments: As described above cc: See next page

ENOC-14-00009 Page 3 of 3 cc:

Mr. J. A. Aluise (ENT)

Ms. W. C. Curry (ECH)

Mr. J.S. Forbes (ECH)

Mr. B. E. Green (TMBR)

Mr. D. J. Mannai (WPO)

Mr. J. F. McCann (WPO)

Mr. T. G. Mitchell (ECH)

Mr. T. Ngau (ECH)

Mr. M. Perito (ECH)

Ms. D. Jacobs (ECH)

Mr. L. Jager Smith (ECH)

Mr. J. A. Ventosa (IPEC)

Mr. C. J. Wamser (VTY)

Mr. A. J. Vitale (PAL)

USNRC Regional Administrator, Region I USNRC Regional Administrator, Region III USNRC Project Manager, Indian Point 1 USNRC Project Manager, Indian Point 2 / 3 USNRC Project Manager, Vermont Yankee USNRC Resident Inspector, Indian Point 2 / 3 USNRC Resident Inspector, Vermont Yankee NYS Department of Public Service Vermont Department of Public Service Downs Rachlin Martin PLLC / St. Johnsbury, VT

Attachment I ENOC-14-00009 (Page 1 of 2)

Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Indian Point 1 For Year Ending December 31. 2013 - 10 CFR 50.75(f)(1) and 10 CFR 50.82(a)(8)(v)

Plant Name: Indian Point Nuclear Generating Unit No. 1 10 CFR 50.75(f)(1)

1. Minimum Financial Assurance (MFA) $ 552.67 million

[Note]

estimated per 10 CFR 50.75(b) and (c) (2013$)

2. Decommissioning Trust Fund Total

$ 383.87 million as of 12/31/13

3. A schedule of the annual amounts remaining to be collected None

4. Assumptions used in determining rates of escalation in 2% annual real rate decommissioning costs, rates of earnings on decommissioning of return per 10 funds, and rates of other factors used in funding projections CFR 50.75(e)(1 )(i)

5. Any contracts upon which the licensee is relying pursuant to 10 None CFR 50.75(e)(1 )(v)

6. Modifications occurring to a licensee's current method of providing None financial assurance since the last submitted report

7. Any material changes to trust agreements None Note: This amount is based upon total SAFSTOR expenditures for radiological remediation and license termination set forth in the updated Decommissioning Funding Assurance Plan and SAFSTOR analysis that are provided in Attachment 8. (Calculation of the NRC Minimum Amount is provided in Attachment 4.)

Attachment I ENOC-14-00009 (Page 2 of 2)

Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Indian Point I For Year Ending December 31, 2013 - 10 CFR 50.75(f)(1) and 10 CFR 50.82(a)(8)(v)

Plant Name: Indian Point Nuclear Generating Unit No. I 10 CFR 50.82(a)(8)(v)

1. Cumulative decommissioning spending $ 130.53 million

[Notell

2. 2013 decommissioning spending $ 6.70 million

[Notel]

3. Fund Balance See above in 10 CFR 50.75 information

4. No other financial assurance mechanism is being relied upon, but costs to date have been funded by operations.

5. Estimated costs to complete from latest estimate $ 552.67 million

[Note2]

6. Estimate is based on SAFSTOR and unrestricted release of the site per 10 CFR 20.1402

7. Modifications to financial assurance since last report See above in 10 CFR 50.75 information

8. Any material changes to trust agreements See above in 10 CFR 50.75 information Note 1: Entergy does not possess records that would permit determination of charges to Indian Point 1 prior to its acquisition in September 2001 by Entergy Nuclear Indian Point 2, LLC. The costs presented here represent those costs charged in 2013 and the total costs that have been assigned to Indian Point 1 since 2001. Entergy has not fully determined what portion of those costs would be considered "decommissioning" costs as that term is defined in 10 CFR 50.2.

Note 2: This amount is based upon total SAFSTOR expenditures for radiological remediation and license termination set forth in the updated Decommissioning Funding Assurance Plan and SAFSTOR analysis that are provided in Attachment 8. (Calculation of the NRC Minimum Amount is provided in Attachment 4.) This estimate does not include 2013 spending because current costs are being paid out of operating funds.

Attachment 2 ENOC-14-00009 (Page 1 of 1)

Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Indian Point 2 For Year Endina December 31. 2013 - 10 CFR 50.75(f)(1)

Plant Name: Indian Point Nuclear Generating Unit No. 2

1. Minimum Financial Assurance (MFA) $ 524.22 million

[Note 1]

estimated per 10 CFR 50.75(b) and (c) (2013$)

2. Decommissioning Trust Fund Total $ 492.05 million as of 12/31/13 [Note 2]

3. A schedule of the annual amounts remaining to be collected None

4. Assumptions used in determining rates of escalation in 2% annual real rate decommissioning costs, rates of earnings on decommissioning of return per 10 funds, and rates of other factors used in funding projections CFR 50.75(e)(1 )(i)

5. Any contracts upon which the licensee is relying pursuant to 10 None CFR 50.75(e)(1 )(v)

6. Modifications occurring to a licensee's current method of providing None financial assurance since the last submitted report

7. Any material changes to trust agreements None Note 1: Calculation of the NRC Minimum Amount is provided in Attachment 4.

Note 2: Includes provisional fund balance of $31.09 million.

Attachment 3 ENOC-14-00009 (Page 1 of 1)

Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Indian Point 3 For Year Endinq December 31. 2013 - 10 CFR 50.75(fM(1I Plant Name: Indian Point Nuclear Generating Unit No. 3

1. Minimum Financial Assurance (MFA) $ 524.22 million

[Note]

estimated per 10 CFR 50.75(b) and (c) (2013$)

2. Decommissioning Trust Fund Total $ 621.54 million as of 12/31/13

3. A schedule of the annual amounts remaining to be collected None

4. Assumptions used in determining rates of escalation in 2% annual real rate decommissioning costs, rates of earnings on decommissioning of return per 10 funds, and rates of other factors used in funding projections CFR 50.75(e)(1 )(i)

5. Any contracts upon which the licensee is relying pursuant to 10 None CFR 50.75(e)(1 )(v)

6. Modifications occurring to a licensee's current method of providing None financial assurance since the last submitted report

7. Any material changes to trust agreements None Note: Calculation of the NRC Minimum Amount is provided in Attachment 4.

Attachment 4 ENOC-14-00009 (Page 1 of 1)

Entergy Nuclear Operations, Inc.

Calculation of Minimum Amount - Indian Point For Year Ending December 31, 2013 - 10 CFR 50.75(f)(1)

Entergy Nuclear Indian Point 2, LLC: 100% ownership interest of Indian Point 1 & 2 Entergy Nuclear Indian Point 3, LLC: 100% ownership interest of Indian Point 3 Plant Location: Buchanan, New York Reactor Type: Pressurized Water Reactor ("PWR")

Indian Point Unit 1 Power Level: <3,400 MWt (615 MWt)

Indian Point Unit 1 PWR Base Year 1986$: $85,560,000 Indian Point Unit 2 Power Level: <3,400 MWt (3,216 MWt)

Indian Point Unit 2 PWR Base Year 1986$: $103,300,800 Indian Point Unit 3 Power Level: <3,400 MWt (3,216 MWt)

Indian Point Unit 3 PWR Base Year 1986$: $103,300,800 Labor Region: North Waste Burial Facility: Generic Disposal Site IOCFR50.75(c)(2) Escalation Factor Formula:

0.65(L) +0.13(E) +0.22(B)

Factor L=Labor (North) 2.591 E=Energy (PWR) 2.572 B=Waste Burial-Vendor (PWR) 13.8853 PWR Escalation Factor:

0.65(L) +0.13(E) +0.22(B)= 5.07471 1986 PWR Base Year $ Escalated:

Indian Point 1: $85,560,000

• Factor= $434.191.761 Indian Point 2 & 3: $103,300,800

• Factor= $524.221.088 1 Bureau of Labor Statistics, Series Report ID: CIU201000000021 0i ( 4th Quarter 2013) 2 Bureau of Labor Statistics, Series Report ID: wpu0543 and wpu0573 (December 2013, Prelim.)

3 Nuclear Regulatory Commission: NUREG-1307 Revision 15, Table 2.1 (2012)

Attachment 5 ENOC-14-00009 (Page 1 of 1)

Entergy Nuclear Operations, Inc.

Calculation of Minimum Amount - Vermont Yankee For Year Endinq December 31. 2013 - 10 CFR 50.75(f)(1)

Plant Name: Vermont Yankee Nuclear Power Station

1. Minimum Financial Assurance (MFA) $ 623.65 million [Note]

estimated per 10 CFR 50.75(b) and (c) (2013$)

2. Decommissioning Trust Fund Total $ 612.14 million as of 12/31/13

3. A schedule of the annual amounts remaining to be collected None.

4. Assumptions used in determining rates of escalation in 2% annual real rate decommissioning costs, rates of eamings on decommissioning of return per 10 CFR funds, and rates of other factors used in funding projections 50.75(e)(1 )(i)

5. Any contracts upon which the licensee is relying pursuant to 10 None CFR 50.75(e)(1 )(v)

6. Modifications occurring to a licensee's current method of None providing financial assurance since the last submitted report

7. Any material changes to trust agreements None Note: Calculation of the NRC Minimum Amount is provided in Attachment 6.

Attachment 6 ENOC-14-00009 (Page 1 of 1)

Entergy Nuclear Operations, Inc.

Calculation of Minimum Amount - Vermont Yankee For Year Endina December 31. 2013 - 10 CFR 50.75(f)(1)

Entergy Nuclear Vermont Yankee LLC.: 100% ownership interest Plant Location: Vernon, Vermont Reactor Type: Boiling Water Reactor ("BWR")

Power Level: <3,400 MWt (1912 MWt)

BWR Base Year 1986$: $121,208,000 Labor Region: North Waste Burial Facility: Generic Disposal Site IOCFR50.75(c)(2) Escalation Factor Formula:

0.65(L) +0.13(E) +0.22(B)

Factor L=Labor (North) 2.591 E=Energy (BWR) 2.652 B=Waste Burial-Vendor (BWR) 14.1603 BWR Escalation Factor:

0.65(L) +0.13(E) +0.22(B)= 5.14528 1986 BWR Base Year $ Escalated:

$121,208,000

• Factor- $623,649,114 1

Bureau of Labor Statistics, Series Report ID: CIU2010000000210i ( 4 th Quarter 2013) 2 Bureau of Labor Statistics, Series Report ID: wpu0543 and wpu0573 (December 2013, Prelim.)

3 Nuclear Regulatory Commission: NUREG-1307 Revision 15, Table 2.1 (2012)

Attachment 7 ENOC-14-00009 (Page 1 of 1)

Entergy Nuclear Operations, Inc.

Calculation of Minimum Amount - Big Rock Point For Year Endina December 31. 2013 - 10 CFR 50.75(f)(1)

Plant Name: Big Rock Point ISFSI

1. Amount of decommissioning funds required from $ 1.57 million [Note]

most recent estimate (2013$).

2. Decommissioning Funding Assurance Method. Parent Guarantee ($5 million)

3. A schedule of the annual amounts remaining to None be collected

4. Assumptions used in determining rates of Escalation rate: CPI%

escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates Rate of earnings: n/a of other factors used in funding projections

5. Any contracts upon which the licensee is relying None pursuant to 10 CFR 50.75(e)(1)(v)

6. Modifications occurring to a licensee's current None method of providing financial assurance since the last submitted report

7. Any material changes to trust agreements None Note: This amount is based on the 10 CFR §72.30 filing for Big Rock Point, dated December 13, 2012, (Accession No. ML12352A126) escalated by CPI.

Attachment 8 ENOC-14-00009 (Page 1 of 4)

Entergy Nuclear Operations, Inc.

Indian Point 1 DTF Balance Based on Decommissioning Funding Assurance Plan For Year Ending December 31, 2013 - 10 CFR 50.75(f)(1)

On October 23, 2008, Entergy Nuclear Indian Point 2, LLC (ENIP2) submitted a preliminary decommissioning cost analysis to the NRC in conjunction with its spent fuel management plan under 10 CFR 50.75(f)(3) and 10 CFR 50.54(bb) (Accession No. ML083040378, as supplemented by ENIP2's reply to RAIs on July 15, 2009 (Accession No. ML092050204). The preliminary decommissioning cost analysis contained separate site-specific decommissioning cost estimates for Indian Point 1 and Indian Point 2. The estimates were subsequently found to be reasonable by the NRC on March 17, 2010 (Accession No. ML100280544).

Pursuant to Regulatory Guide 1.159, Revision 2, adjustment to the site-specific cost estimates should be made at least once a year for the effects of inflation. Adjustment to site-specific cost estimates for the effects of technological and status changes should be made according to the amount of change experienced, as appropriate, but in no event, less than once every 5 years.

As such, ENIP2 has updated the aforementioned estimates consistent with the requirements of Regulatory Guide 1.159, Revision 2.

ENIP2 has determined that use of a SAFSTOR analysis shows that there is presently reasonable assurance that adequate funds will be available for the decommissioning process in compliance with NRC decommissioning funding assurance rules.

Pursuant to 10 CFR 50.75(e)(1)(i), "A licensee that has prepaid funds based on a site-specific estimate under § 50.75(b)(1) of this section may take, credit for projected earnings on the prepaid decommissioning trust funds, using up to a 2 percent annual real rate of return from the time of future funds' collection through the projected decommissioning period, provided that the site-specific estimate is based on a period of safe storage that is specifically described in the estimate." ENIP2 understands that a facility specific analysis may be used for demonstrating the adequacy of decommissioning funds, provided that "the NRC-required cost estimate for decommissioning costs as defined in 10 CFR 50.2 is equal to or greater than the amount stated in the formulas in 10 CFR 50.75(c)(1) and (2) as the basis for justifying a higher than minimum funding level." (Regulatory Guide 1.159 Rev. 2, Section 1.1. 1.) ENIP2 also understands that NRC should be provided the analysis, and that the analysis should include data for each year of the analysis.

The updated Indian Point 1 site-specific decommissioning cost estimate is based on a period of safe storage that is specifically described in the estimate, namely storage until 2065, at which time the plant will be decommissioned and the site released for alternative use without restriction. Table 8-1 below provides the annual license termination costs computed in the updated estimate. These costs to date have been funded by operations, and not by the decommissioning fund. The decommissioning trust fund (DTF) ending balance is escalated each year by the 2% real growth figure allowed pursuant to 10 CFR 50.75(e)(1 )(i).

Attachment 8 ENOC-14-00009 (Page 2 of 4)

Entergy Nuclear Operations, Inc.

Indian Point 1 DTF Balance Based on Decommissioning Funding Assurance Plan For Year Ending December 31, 2013 - 10 CFR 50.75(f)(1)

Table 8-1 NRC License Termination Cost

($ millions) 2012$ 2013$

Unit I Unit I Ending DTF Radiological Radiological Balance 2013 - - 383.868*

2014 3.634 3.707 387.838 2015 3.634 3.707 391.888 2016 3.644 3.717 396.008 2017 3.634 3.707 400.221 2018 3.634 3.707 404.519 2019 3.634 3.707 408.902 2020 3.644 3.717 413.363 2021 3.634 3.707 417.923 2022 3.634 3.707 422.575 2023 3.634 3.707 427.319 2024 3.644 3.717 432.149 2025 3.634 3.707 437.085 2026 3.634 3.707 442.119 2027 3.634 3.707 447.255 2028 3.644 3.717 452.483 2029 3.634 3.707 457.825 2030 3.634 3.707 463.275 2031 3.634 3.707 468.833 2032 3.644 3.717 474.493 2033 3.634 3.707 480.276 2034 3.634 3.707 486.174 2035 3.634 3.707 492.191 2036 3.644 3.717 498.317 2037 3.634 3.707 504.577 2038 3.634 3,707 510.961 2039 3.634 3.707 517.473 2040 3.644 3.717 524.106 2041 3.634 3.707 530.881 2042 3.634 3.707 537.791 2043 3.634 3.707 544.840 2044 3.644 3.717 552.020 2045 3.634 3.707 559.353 2046 3.634 3.707 566.833 2047 3.634 3.707 574.463

• Note: Trust fund balance at end of year is actual balance.

Expenditures in year 2013 were not withdrawn from the fund.

Attachment 8 ENOC-14-00009 (Page 3 of 4)

Entergy Nuclear Operations, Inc.

Indian Point 1 DTF Balance Based on Decommissioning Funding Assurance Plan For Year Ending December 31, 2013 - 10 CFR 50.75(f)(1) 2048 3.644 3.717 582.235 2049 3.634 3.707 590.173 2050 3.634 3.707 598.269 2051 3.634 3.707 606.528 2052 3.644 3.717 614.941 2053 3.634 3.707 623.533 2054 3.634 3.707 632.296 2055 3.634 3.707 641.235 2056 3.644 3.717 650.343 2057 3.634 3.707 659.643 2058 3.634 3.707 669.129 2059 3.634 3.707 678.804 2060 3.644 3.717 688.663 2061 3.634 3.707 698.729 2062 3.634 3.707 708.997 2063 3.634 3.707 719.470 2064 3.644 3.717 730.142 2065 26.813 27.284 717.461 2066 59.025 59.977 671.833 2067 98.580 100.217 585.053 2068 104.740 106.572 490.182 2069 15.056 15.331 484.655 2070 15.208 15.476 478.872 2071 15.208 15.476 472.973 2072 15.250 15.518 466.915 2073 7.500 7.632 468.621 Total 542.857 552.672

Attachment 8 ENOC-14-00009 (Page 4 of 4)

Entergy Nuclear Operations, Inc.

Indian Point I DTF Balance Based on Decommissioning Funding Assurance Plan For Year Ending December 31, 2013 - 10 CFR 50.75(f)(1)

As can be seen from the information provided in Table 8-1, the required funding for SAFSTOR decommissioning, $552.67 million, is greater than the NRC formula amount per 10 CFR 50.75(b) and (c) of $434.19 million, therefore, the site-specific analysis complies with the requirement from Regulatory Guide 1.159 section 1.1.1 previously discussed. The foregoing SAFSTOR analysis shows that when the December 31, 2013 DTF balance is escalated at the allowable rate and compared against the annual figures for the SAFSTOR period that a surplus exists at the end of the decommissioning project. Accordingly, ENIP2 concludes that no further action is required at this time to demonstrate adequate funding assurance for decommissioning Indian Point 1.

Attachment 9 ENOC-14-00009 (Page 1 of 4) total no. of pages revised to four Entergy Nuclear Operations, Inc.

Minimum Financial Assurance Calculation Worksheets Plant name: Indian Point, Unit 1 Month Day Year Year of Biennial: 1 1 2014 Termination of Operation: 9 28 2013 NRC Mimimum: S434,191,761 Site Specific: S552,671,950 I

Amount of NRC Minimum/Site Licensee: Owned: Specific: Amount in Trust Fund:

Entergy S552,671:950 S3-S167-58 Note: See Attachment 8 for adequacy of the trust fund

Attachment 9 ENOC-14-00009 (Page 2 of 4) total no. of pages revised to four Entergy Nuclear Operations, Inc.

Minimum Financial Assurance Calculation Worksheets Plant name: Indian Point, Unit 2 Month Day Year Year of Biennial: 1 1 2014 Termination of Operation: 9 28 2013 tb 3216 [

01986S 0 [

$1033008S00 r C ...

1201 I

1 Base Lx 2.16 1 006 5 9 r P

1.754 I

[

x 3.691 0.13 J.

[

E2.5 2-57 I _22 0.2 185 13 NRC Mimimum: $524,221,088 Site Specific:

Amount of NRC %inimum/Site Licensee:  % Owned: Specific: Amount in Trust Fund:

Entergv 100.00% $524221,088 S4921052.007 Step 1:

Earnings Credit:

Real Rate of Years Left Total Real Rate Trust Fund Balance: Retur per yea in License I of Return: Total Earnings:

$492,052,007 2%0 0.00 1.00000 $492,052,007 Total Earnings = Trust Fund balance x (1+RRR)^Years left in license Step 2:

Accumulation:

Real Rate of Value of Annuitv per year Return per yearJ Years of Annuity: Total Annuity:

$0 2% 0 j $0 Step 3:

Decom Period:

Real Rate of Decom Total Real Rate Total Earnings: Return per vear Period: of Return: TotalEarninesferDeco:

$492,052,007 2% 7 0.14869 $36,580.541 Total Earnings for Decom = (1/2) x Total Earnings x [(I+RRR)^Decom period - ij Total of Steps 1 - 3:

S528,632,548 H Total = Total Earnings + Total Earnings for Decom (Shortfall)

JExceas (Shortfall) 54,411,461 __to Ž.RC minimum lExcess S4,411,461 to'-\RC minimum

Attachment 9 ENOC-14-00009 (Page 3 of 4) total no. of pages revised to four Entergy Nuclear Operations, Inc.

Minimum Financial Assurance Calculation Worksheets Plant name: Indian Point, Unit 3 Month Day Year Year of Biennial: 1 1 2014 Termination of Operation: 12 12 2015 Mwt_ 1 _1986$1 ECI Base Lx L.--I Px Fx I I i I I B-x.

PWR 3216 [$103,300,800 [ 1201 2-16 0.65 [

I 2.59 r 1.754 3691 0 013 2.57 0.22 13.885 NRC Minimum: $524,221,088 Site Specific:

Licensee:

Entergy Step 1:

% Owned:

100.00%

I Amount of NRC Minimum/Site Specific:

S524,221,088 I Amount in Trust Fund:

$621,543,544 I Earnings Credit:

I Real Rate of Years Left Total Real Trust Fund Balance: Return per in License Rate of Total Earnings:

S621,543,544 2% 1.95 1.03930 $645,973,059 Total Earnings = Trust Fund balance x (t+RRR)AYears left in license Step 2:

Accumulation:

Value of Annuity per year Return per Years of Annuity: Total Annuity:

so 2% 0 SO Step 3:

Decom Period:

Real Rate of Decomn Total Real Total Earnings: Return per Period: Rate of Total Earnings for Decom:

S645,973,059 2% 7 0.14869 $48,023,468 I Total Earnings for Decom = (112) x Total Earnings x [(t+RRR)ADecom period - 1]

Total of Steps 1 - 3:I S693,996,527 ITotal = Total Earnings + Total Earnings for Decom Excess (Shortfall) $169,775,439 to NRC minimum

Attachment 9 ENOC-14-00009 (Page 4 of 4) total no. of pages revised to four Entergy Nuclear Operations, Inc.

Minimum Financial Assurance Calculation Worksheets Plant name: Vermont Yankee Power Station Month Day Year Year of Biennial: 1 1 2014 Termination of Operation: 12 31 2014 IMWth1 1986$01 ECI 20 I0Base ILx II Fx I I Ex I I 1 I

BWR 11912 r$121,208,oo0 [ 120.1 1 2-1 16 0.65 r 259 r 1.754 r 3.691 0.13 2.65 1 022 1 14-16 NRC Minimum: $623,649,114 Site Specific:

Licensee: Owned:

1% Amount of NRC Minimum2Site Specific: Amount in Trust Fund Entergy 100m0% j$623,649,114 $62,4144 Step 1:

Earnings Credit:

Real Rate of IYears Lef Total Real Trust Fund Balance: Return per lin LicenseI Rate of Total Earnings:

$612,141,443 2% 1 1100 1 1.01998 $624,370,157 ITotal Earnings = Trust Fund balance x (j+RRR)AYears left in license Step 2:

Accumulation:

Value of Annuity per Real Rate of year Return per Years of Annuity: Total Annuity:

so 2% 0 $0 Step 3:

Decom Period:

Real Rate of DecornI Total Real Total Earnings: Return per Period: Rate of Total Earnings for Decorn:

$624,370,157 2% 7 0.14869 $46,417,447 ITotal Earnings for Decom = (112) x Total Earnings x [(1l÷RRR)^Decom period - 11 Total of Steps 1 - 3: 1

$670,787,604 ITotal = Total Earnings + Total Earnings for Decom lExcess (Shortfall) $47,138,490 to NRC minimum