L-07-037, Decommissioning Report for the Year Ending December 31, 2006

Decommissioning Report for the Year Ending December 31, 2006

ML070920054
Person / Time
Site:	Beaver Valley
Issue date:	03/28/2007
From:	Sena P FirstEnergy Nuclear Operating Co
To:	Document Control Desk, NRC/NRR/ADRO
References
L-07-037
Download: ML070920054 (3)

Text

FENOC FirstEnergyNuclear OperatingCompany Peter P. Sena, I11 724-682- 7773 Director,Site Operations March 28, 2007 L-07-037 10 CFR 50.75 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, DC 20555-0001

Subject:

Beaver Valley Power Station, Unit No. 1 Docket No. 50-334, License No. DPR-66 Decommissioning Report for the Beaver Valley Power Station, Unit 1 Pursuant to 10 CFR 50.75(f)(1), FirstEnergy Nuclear Operating Company is hereby submitting the Decommissioning Report for the Beaver Valley Power Station, Unit 1 for the year ending December 31, 2006.

There are no regulatory commitments contained in this letter or its attachment.

If you have questions or require additional information, please contact Mr. R. Terry Conlin, Staff Analyst, at 330-384-4605.

Sincerely,

• Peter P. Sena, III Attachment c: Ms. N. S. Morgan, NRR Project Manager Mr. P. C. Cataldo, NRC Senior Resident Inspector Mr. S. J. Collins, NRC Region I Administrator Mr. D. J. Allard, Director BRP/DEP Mr. L. E. Ryan (BRP/DEP)

~40o(

Attachment 1 L-07-037 Page 1 of 1 NRC Decommissioning Funding Status Report Beaver Valley Power Station, Unit 1 As of December 31, 2006 (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):

FirstEnergy Nuclear Generation Corp. $362,374,600 (FENGenCo)

2. The amount accumulated in external trust funds at December 31, 2006:

FirstEnergy Nuclear Generation Corp. $233,269,212

3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers:

Amount Remaining $0 Number of years to Collect 0

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%

"Real" Rate of Return through Dismantlement 2.00%

Year of Final Dismantlement 2035 Safestore Period 2016-2027 Year of License Termination 2016

5. There are no contracts upon which the owners/licensees are relying pursuant to 10 CFR 50.75(e)(1)(v).

6. FENGenCo provides reasonable assurance of decommissioning funding using a combination of the prepayment method pursuant to CFR 50.75(e)(1)(i) and the guarantee method pursuant to 10 CFR 50.75(e)(1)(iii). A copy of the executed parent company Guaranty was provided to the NRC by letter dated February 22, 2006 (L-06-022, Serial Number 3229, PY-CEI/NRR-2937L). These arrangements were described in the applications for license transfer approval dated May 18, 2005, and June 1, 2005, and approval of the transfers was granted by NRC's corrected Order approving license transfers dated December 16, 2005.

7. A copy of FENGenCo's executed Nuclear Decommissioning Master Trust Agreement dated as of December 1, 2005 was submitted to the NRC by letter dated December 8, 2005 (L-05-193, Serial Number 3210, PY-CEI/NRR-2922L).

No significant amendments to this agreement have been executed.

Attachment 1, Schedule 1 L-07-037 Page 1 of 1 FIRSTENERGY CORP.

Calculation of Minimum Financial Assurance Amount December 31, 2006 BEAVER VALLEY POWER STATION, UNIT 1 Pennsylvania Regions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR Unit Adjustment Escalation Factor Ratio Factor L= 2.230 0.65 1.450 E= 1.883 0.13 0.245 B= 8.683 0.22 1.910 PWR Escalation Factor 3.605 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)

(P = power level in megawatts thermal = 2,900)

($75 + 0.0088(2,900)) million = $100,520,000 Escalated Amount for unit = 100,520,000 x 3.605 $362,374,600 Owner/Licensee Ownership FirstEnergy Nuclear Generation Corp. 100.00% $362,374,600