L-07-038, Decommissioning Report for Year Ending December 31, 2006
| ML070920055 | |
| 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-07-038 | |
| Download: ML070920055 (3) | |
Text
FENOC FirstEnergy Nuclear Operating Company Peter P. Sena, III 724-682-7773 Director, Site Operations March 28, 2007 L-07-038 10 CFR 50.75 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, DC 20555-0001
Subject:
Beaver Valley Power Station, Unit No. 2 Docket No. 50-412, License No. NPF-73 Decommissioning Report for the Beaver Valley Power Station, Unit 2 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 2 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)
dJ L-07-038 Page 1 of 1 NRC Decommissioning Funding Status Report Beaver Valley Nuclear Power Station, Unit 2 As of December 31, 2006 (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
$ 78,490,338 Toledo Edison Company 66,169,602 FirstEnergy Nuclear Generation Corp. (FENGenCo) 217,714,660 FirstEnergy Consolidated
$362,374,600
- 2. The amount accumulated in external trust funds at December 31, 2006:
Ohio Edison Company
$ 60,416,488 Toledo Edison Company 61,094,445 FirstEnergy Nuclear Generation Corp.
154,208,798 FirstEnergy Consolidated
$ 275,719,731
- 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 Year of License Termination 2027
- 5.
There are no contracts upon which the owners/licensees are relying pursuant to 10 CFR 50.75(e)(1)(v).
- 6. Due to the passage of the Ohio Electric Utility Industry Restructuring Bill, funding of the external trusts of Ohio Edison Company and Toledo Edison Company were accelerated. Contributions authorized by the Public Utility Commission of Ohio were collected from ratepayers through 2005.
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.
The Trust Agreements for Ohio Edison Company and Toledo Edison Company were amended to authorize the transfer of funds to FENGenCo required in connection with the plant transfers to FENGenCo.
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 these agreements were executed in 2006.
, Schedule 1 L-07-038 Page 1 of 1 FIRSTENERGY CORP.
Calculation of Minimum Financial Assurance Amount December 31, 2006 BEAVER VALLEY POWER STATION, UNIT 2 Pennsylvania Regions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = South Carolina For PWR Unit Adjustment Factor Escalation Factor Ratio L =
2.230 E =
1.883 B =
8.683 0.65 0.13 0.22 1.450 0.245 1.910 3.605 PWR Escalation Factor =
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 Ohio Edison Toledo Edison FirstEnergy Nuclear Generation Corp.
FirstEnergy Consolidated Ownership 21.66%
18.26%
60.08%
$78,490,338
$66,169,602
$217,714,660
$362,374,600