L-02-067, Revised Decommissioning Funding Report for 2001
| ML021680339 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley |
| Issue date: | 06/04/2002 |
| From: | Saunders R FirstEnergy Nuclear Operating Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| L-02-067 | |
| Download: ML021680339 (11) | |
Text
EN "OC 76 South Main Street S~Akron, Ohio 44308 FirstEnergy Nuclear Operating Company Robert F. Saunders 330-384-2415 President Fax: 330-384-5909 June 4, 2002 CERTIFIED MAIL: 7000 0600 0024 2820 0331 Return Receipt Requested Letter Number: L-02-067 (Beaver Valley)
U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, DC 20555-0001
Subject:
Beaver Valley Power Station, Units No. 1 and No. 2 BV-1 Docket No. 50-334, License No. DPR-66 BV-2 Docket No. 50-412, License No. NPF-73 Revised Decommissioning Report for Year 2001 Pursuant to 10 CFR 50.75(f)(1), FirstEnergy Nuclear Operating Company is hereby submitting a revised Decommissioning Report for Beaver Valley Power Station (BVPS) Units 1 and 2 for the year ending December 31, 2001.
The revised report is necessary to show the adjusted plant power levels that occurred in the final quarter of 2001. The initial report used a power level of 2,652 megawatts thermal in lieu of 2689 megawatts thermal. The change in power level is due to an approved power uprate of 1.4%
in October, 2001 for both BVPS Units 1 and 2.
If there are any questions concerning this matter, please contact Mr. Larry R. Freeland, Manager, Regulatory Affairs/Corrective Action at 724-682-5284.
Sincerely, Robert F. Saunders President Attachments c:
Mr. R. S. Wood, NRR Generic Issues & Environmental Projects Mr. D. S. Collins, NRR Project Manager Mr. D. M. Kern, NRC Sr. Resident Inspector Mr. H. J. Miller, NRC Region I Administrator
NRC Decommissioning Funding Status Report Beaver Valley Power Station Unit 1 As of December 31, 2001 (REVISED 6/4/02)
(Note: This report reflects FirstEnergy Corp.'s consolidated share of ownership interest in Beaver Valley Power Station Unit 1).
- 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c) (see Schedule 1):
Ohio Edison Company Pennsylvania Power Company FirstEnergy Consolidated
$105,875,480
- 196,625,891 *
$302,501,371 *
- 2. The amount accumulated in external trust funds at December 31, 2001:
Ohio Edison Company
$ 59,989,609 Pennsylvania Power Company 89,404,211 FirstEnergy Consolidated
$149,393,820
- 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers is attached as Schedule 2:
- 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:
Consolidated Ownership Interest in Unit 100%
Funds Earnings Rate through Dismantlement 5.86%
Decommissioning Cost Inflation Rate 3.86%
Year of License Termination 2016 Safestor Period 2016-2029 Year of Final Dismantlement 2035
- 5. There are no contracts upon which FirstEnergy Corp. is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 6. Due to the passage of the Pennsylvania Electricity Generation Customer Choice and Competition Act and the Ohio Electric Utility Industry Restructuring Bill, FirstEnergy Corp.'s subsidiaries, Pennsylvania Power Company and Ohio Edison Company, have accelerated the timing of the contributions to the external trust. The contributions pertaining to the Pennsylvania Public Utility Commission and Public Utility Commission of Ohio will be collected from ratepayers through 2005, while contributions pertaining to FERC will be collected through January 2016.
- 7. There were no material changes with respect to the trust agreements during the year ended December 31, 2001.
- Revised 6/4/02
Schedule I Page 1 of 2 OHIO EDISON COMPANY Calculation of Minimum Financial Assurance Amount for December 2001 BEAVER VALLEY NUCLEAR POWER PLANT UNIT ONE (REVISED 6/4/02)
Pennsylvania Regions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR Unit L=
E=
B=
Adjustment Factor 1.850 1.000 7.878 PWR Escalation Factor =
Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,689)
($75 + 0.0088(2,689)) million =
Escalated Amount for unit = 98,663,200 x 3.066
=
Escalated Amount for Ohio Edison Company's ownership interest (35%) in the unit:
$302,501,371 x
35%
=
Ratio 0.65 0.13 0.22 Escalation Factor 1.203 0.130 1.733 3.066
$98,663,200
$302,501,371
.105,875,480 for December 2001
Schedule 1 Page 2 of 2 PENNSYLVANIA POWER COMPANY Calculation of Minimum Financial Assurance Amount for December 2001 BEAVER VALLEY NUCLEAR POWER PLANT UNIT ONE (REVISED 6/4/02)
Pennsylvania Regions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR UM Adjustment Factor 1.850 1.000 7.878 PWR Escalation Factor =
Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,689)
($75 + 0.0088(2,689)) million =
Escalated Amount for unit = 98,663,200 x 3.066
=
Escalated Amount for Penn Power Company's ownership interest (65%) in the unit:
$302,501,371 x
65.0%
=
Ratio 0.65 0.13 0.22 Escalation Factor 1.203 0.13 1.733 3.066
$98,663,200
$302,501,371 196,625,891 for December 2001
Schedule 2 Page 1 of 1 NRC Decommissioning Funding Status Report Schedule of Annual Amounts Remaining to be Collected FirstEnergy Corp.
Beaver Valley 1 Annual Amounts Collected Ohio Penn:
Edison 6,646,359 6,646,359 6,646,359 6,646,359 55,395 55,395 55,395 55,395 55,395 55,395 55,395 55,395 55,395 55,395 4,616 sylvania (3wer 823,280 823,280 823,280 823,280 8,280 8,280 8,280 8,280 8,280 8,280 8,280 8,280 8,280 8,280 690 FirstEnergy Consolidated 7,469,639 7,469,639 7,469,639 7,469,639 63,675 63,675 63,675 63,675 63,675 63,675 63,675 63,675 63,675 63,675 5,306 Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Total Pc Power 27,144,002 3,376,610 30,520,612
NRC Decommissioning Funding Status Report Beaver Valley Nuclear Power Station Unit 2 As of December 31, 2001 (REVISED 6/4/02)
(Note: This report reflects FirstEnergy Corp.'s consolidated share of ownership interest in Beaver Valley Nuclear Power Station Unit 2).
- 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c) (See Schedule 1):
Ohio Edison Company Pennsylvania Power Company Cleveland Electric Illuminating Company Toledo Edison Company FirstEnergy Consolidated
$126,687,574 41,563,688
- 74,022,086
- 60,228,023 *
$302,501,371*
- 2. The amount accumulated in external trust funds at December 31, 2001:
Ohio Edison Company
$ 47,032,003 Pennsylvania Power Company 20,575,136 Cleveland Electric Illuminating Company 26,718,873 Toledo Edison Company 28,388,726 FirstEnergy Consolidated
$122,714,.738
- 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers is attached as Schedule 2.
- 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:
Consolidated FirstEnergy Ownership 100%
Funds Earnings Rate through Dismantlement 5.78%
Decommissioning Cost Inflation Rate 3.78%
Year of License Termination 2027 Year of Final Dismantlement 2035
- 5. There are no contracts upon which FirstEnergy Corp. is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 6. Due to the passage of the Ohio Electric Utility Industry Restructuring Bill, FirstEnergy Corp.'s subsidiaries, Ohio Edison Company, Cleveland Electric Illuminating Company, and Toledo Edison Company, have accelerated the timing of the contributions to the external trust. The contributions pertaining to Public Utility Commission of Ohio will be collected from ratepayers through 2005, while Ohio Edison Company contributions pertaining to FERC will be collected through May 2027.
- 7. There were no material changes with respect to the trust agreements during the year ended December 31, 2001.
- Revised 6/4/02
Schedule 1 Page 1 of 4 OHIO EDISON COMPANY Calculation of Minimum Financial Assurance Amount for December 2001 BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO (REVISED 6/4/02)
Pennsylvania Regions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR Uni E=
B=
PWR Escalation Factor =
Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,689)
($75 + 0.0088(2,689)) million =
Escalated Amount for unit = 98,663,200 x 3.066
=
Escalated Amount for Ohio Edison Company's ownership interest (41.88 %) in the unit:
$302,501,371 x
41.88%
=
$126,687,5*
$98,663,200
$302,501,371 74 for December 2001 Adjustment Factor 1.850 1.000 7.878 Ratio 0.65 0.13 0.22 Escalation Factor 1.203 0.13 1.733 3.066
Schedule 1 Page 2 of 4 CLEVELAND ELECTRIC ILLUMINATING COMPANY Calculation of Minimum Financial Assurance Amount December 31, 2001 BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO (REVISED 6/4/02)
Pennsylvania Regions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR Uni L8 E=
B=
Adjustment Factor 1.850 1.000 7.878 Ratio 0.65 0.13 0.22 PWR Escalation Factor =
Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,689)
($75 + 0.0088(2,689)) million =
Escalated Amount for unit = 98,663,200 x 3.066
=
Escalated Amount for Cleveland Electric Illuminating Company's ownership interest (24.47 %) in the unit:
$302,501,371 x
24.47%
=
$74,022,086 Escalation Factor 1.203 0.13 1.733 3.066
$98,663,200
$302,501,371
__for December 2001
Schedule 1 Page 3 of 4 TOLEDO EDISON COMPANY Calculation of Minimum Financial Assurance Amount for December 2001 BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO (REVISED 6/4/02)
Pennsylvania Regions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR Unit Adjustment Factor 1.850 1.000 7.878 Ratio 0.65 0.13 0.22 PWR Escalation Factor =
Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,689)
($75 + 0.0088(2,689)) million =
Escalated Amount for unit = 98,663,200 x 3.066
=
Escalated Amount for Toledo Edison Company's ownership interest (19.91 %) in the unit:
$302,501,371 x
19.91%
$6 Escalation Factor 1.203 0.13 1.733 3.066
$98,663,200
$302,501,371
),228,023 for December 2001
Schedule 1 Page 4 of 4 PENNSYLVANIA POWER COMPANY Calculation of Minimum Financial Assurance Amount for December 2001 BEAVER VALLEY NUCLEAR POWER STATION UNIT TWO (REVISED 6/4/02)
Pennsylvania Regions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR Uni Adjustment Factor 1.850 1.000 7.878 PWR Escalation Factor =
Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,689)
($75 + 0.0088(2,689)) million =
Escalated Amount for unit = 98,663,200 x 3.066
=
Escalated Amount for Pennsylvania Power Company's ownership interest (13.74%) in the unit:
$302,501,371 x
13.74%
Ratio 0.65 0.13 0.22 Escalation Factor 1.203 0.13 1.733 3.066
$98,663,200
$302,501,371
$41,563,688 for December 2001
Schedule 2 Page 1 of 1 NRC Decommissioning Funding Status Report Schedule of Annual Amounts Remaining to be Collected FirstEnergy Corp.
Beaver Valley 2 Cle El Ohio Edison 10,106,510 10,106,510 10,106,510 10,106,510 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 92,510 Annual Amounts Collected veland Toledo ectric Edison 4,120,742 7,988,075 4,120,742 7,988,075 4,120,742 7,988,075 4,120,742 7,988,075 Pennsylvania Power FirstEnergy Consolidated 22,215,327 22,215,327 22,215,327 22,215,327 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 222,024 92,510 Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Total Power 45,181,054 16,482,968 31,952,300 93,616,322