L-13-033, Submittal of the Decommissioning Funding Status Report for Beaver Valley Power Station, Units 1 & 2, Davis-Besse Nuclear Power Station, and Perry Nuclear Power Plant
| ML13084A374 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley, Davis Besse, Perry |
| Issue date: | 03/25/2013 |
| From: | Halnon G FirstEnergy Nuclear Operating Co |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| L-13-033 | |
| Download: ML13084A374 (13) | |
Text
76 SouthMain Street FirstEnergyNuclear Operating Company Akron,Ohio 44308 March25,2013 L-13-033 1 0c F R5 0 . 7 5 ATTN:Document ControlDesk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001
SUBJECT:
BeaverValleyPowerStation,UnitNos.1 and2 DocketNo. 50-334,LicenseNo. DPR-66 DocketNo. 50-412,LicenseNo.NPF-73 Davis-Besse NuclearPowerStation DocketNo.50-346,LicenseNo. NPF-3 PerryNuclearPowerPlant DocketNo.50440, LicenseNo. NPF-58 Submittalof the Decommissioninq FundinqStatusReportsfor BeaverVallevPower Station.UnitNos.1 and2, Davis-Besse NuclearPowerStation.and PerrvNuclear PowerPlant Pursuantto 10 CFR50.75(0(1), the FirstEnergyNuclearOperatingCompany,on behalf of the FirstEnergy Corp.,is submiftingthe encloseddecommissioningfundingstatus reportsfor the BeaverValleyPowerStation,UnitNos.1 and2, the Davis-Besse NuclearPowerStation,andthe PerryNuclearPowerPlantfor the yearending December 31.2012.
Thereare no regulatorycommitmentscontainedin this letter. lf thereare any questions,or if additionalinformationis required,pleasecontactMr.ThomasA. Lentz,Manager- Fleet Licensing, at (330)315-6810.
Sincerely, GreqolotH."Halnon Director,FleetRegulatory Affairs
BeaverValleyPowerStation,UnitNos.1 and2 Davis-Besse NuclearPowerStation PerryNuclearPowerPlant L-13-033 Page2 Attachments:
- 1. Decommissioning FundingStatusReport- BeaverValleyPowerStation,UnitNo. 1
- 2. Decommissioning FundingStatusReport- BeaverValleyPowerStation,UnitNo.2
- 3. Decommissioning FundingStatusReport- Davis-BesseNuclearPowerStation
- 4. Decommissioning FundingStatusReport- PerryNuclearPowerPlant cc: NRCRegionI Administrator NRCRegionlll Administrator NRCResidentInspector (BeaverValley)
NRCResidentlnspector (Davis-Besse)
NRCResidentInspector (Perry)
NRCProjectManager(BeaverValley)
NRCProjectManager(Davis-Besse)
NRCProjectManager(Perry)
DirectorBRP/DEP SiteBRP/DEPRepresentative UtilityRadiological SafetyBoard
Attachment 1 L-13-033 Decommissioning FundingStatusReport- BeaverValleyPowerStation,UnitNo.1 Page1 of 3 ThisreportreflectsFirstEnergy Corp.'sconsolidated shareof ownershipinterestin BeaverValleyPowerStation,UnitNo. 1, as of December 31,2012.
- 1. The minimumdecommissioning fundestimate, pursuant to 10 CFR50.75(b) and(c)
(seeSchedule 1):
FirstEnergy NuclearGeneration, LLC $507,927,560
- 2. The amountaccumulated in externaltrustfundsas of December 31,2012:
AfterTax FirstEnergy NuclearGeneration, LLC $250,932,980
- 3. A scheduleof the annualamountsoverthe numberof yearsremaining to be collectedfrom ratepayers:
AmountRemaining $0 Numberof yearsto collect 0
- 4. The assumptions usedregarding ratesof escalation in decommissioning costs, ratesof earningson decommissioning funds,and ratesof otherfactorsusedin fundingprojections:
Consolidated Ownership Interestin Unit 100o/o "Real"Rateof ReturnthroughDismantlement 2.00o/o Yearof FinalDismantlement 2043 Yearof LicenseTermination 2036 5 . Thereare no contractsuponwhichthe owners/licensees are relyingpursuantto 10 cFR 50.75(eX1)(v).
6 . Therehasbeenno modification to the currentmethodof providing decommissioning fundingassurance sincethe lastsubmitted report.
7 . Therehavebeenno material changesto the applicable trustagreement(s) sincethe lastsubmittedreport.
L-13-033 Page2 of 3
- 8. FirstEnergyNuclearOperatingCompany(FENOC)recognizes thata shortfall exists for FirstEnergy NuclearGeneration, LLC,whenthe existingtrustbalances and assumedearningsarecompared withthe NRCformulaamountcalculated in ltem1, above.Whenthe BeaverValleyPowerStation,UnitNo.1, portionof an existing
$95millionParentGuarantee the remaining is includedin the calculation, shortfallis FENOCwillobtaina ParentGuarantee
$14,112,255.To resolvethe shortfall, in accordance with10 CFR50.75(b)(2) and(bX3)within90 daysof the dateof this submittal.
- 9. Mathematicalroundingwasperformed duringthe development of the supporting calculations.
L-13-033 Page3 of 3 Schedule1 FIRSTENERGY CORP.
Calculation of MinimumFinancial Assurance Amount December31, 2012 BEAVERVALLEYPOWERSTATION,UNITNO.1 Pennsvlvania Reqions Labor(L)= Northeast Energy(E)= National WasteBurial(B)= Generic For PWRUnit Adjustment Escalation Factor' Ratio Factof l_= 2.547 0.65 1.656 f= 2.632 0 . 13 0.342
$= 13.885 0.22 3.055 PWREscalation Factor= 5.053 BaseAmountfor PWRbetween1200MWtand 3400MWt= ($75m+ 0.0088P)
(P = powerlevelin megawatts thermal= 2900)
($ZS+ 0.0088(2900)) million= $100,520,000 Escalated Amountfor unit2=
100,520,000 x 5.053 $507,927,560 Owner/Licensee Ownership FirstEnergy Nuclear Generation, LLC 100.00% $507,927,560 datausedto developLaborfactor,actual Note1: Actualfourthquarter2012Bureauof LaborStatistics December2012Bureauof LaborStatisticsdatausedto developEnergyfactor,and Burialfactor is basedon NUREG-1307, "Reporton WasteBurialCharges:Changesin Decommissioning WasteDisposalCostsat Low-Level Revision15 data.
WasteBurialFacilities,"
Note2: Mathematical wasperformed rounding duringthedevelopment calculations.
of thesupporting
Attachment 2 L-13-033 Decommissioning FundingStatusReport- BeaverValleyPowerStation,UnitNo.2 Page1 of 3 ThisreportreflectsFirstEnergy Corp.'sconsolidated shareof ownershipinterestin BeaverValleyPowerStation,UnitNo.2, as of December 31,2012.
- 1. The minimumdecommissioning fundestimate, pursuant to 10 CFR50.75(b) and(c)
(seeSchedule 1):
OhioEdisonCompany $ 11 0 , 0 1,71 1 0 TheToledoEdisonCompany 92,747,572 FirstEnergy NuclearGeneration, LLC 305,162,878 FirstEnergyConsolidated $507,927,560
- 2. The amountaccumulated in external trustfundsas of December 31,2012:
After-Tax OhioEdisonCompany $ 75,574,753 TheToledoEdisonCompany 86,826,422 FirstEnergy NuclearGeneration, LLC 157,794330 FirstEnergy Consolidated $320,196,005
- 3. A schedule of the annualamountsoverthe numberof yearsremaining to be collectedfrom ratepayers:
AmountRemaining $0 Numberof yearsto collect 0
- 4. The assumptions usedregarding ratesof escalation in decommissioning costs, ratesof earningson decommissioning funds,and ratesof other factors used in fundingprojections:
Consolidated Ownership Interestin Unit 100o/o "Real"Rateof ReturnthroughDismantlement 2.0Ao/o Yearof FinalDismantlement 2054 Yearof LicenseTermination 2047 5 . Thereare no contractsuponwhichthe owners/licensees are relyingpursuantto 10 CFR50.75(eX1Xv).
6 . Therehasbeenno modification to the currentmethodof providing decommissioning fundingassurance sincethe lastsubmittedreport.
L-13-033 Page2 of 3
- 7. Therehavebeenno materialchangesto the applicable trustagreement(s)sincethe lastsubmittedreport.
- 8. Mathematical roundingwas performed duringthe developmentof the supporting calculations.
Attachment 2 L-13-033 Page3 of 3 Schedule1 FIRSTENERGY CORP.
Calculation of MinimumFinancial Assurance Amount December 31,2012 BEAVERVALLEYPOWERSTATION,UNITNO.2 Pennsvlvania Regions Labor(L) = Northeast Energy(E)= National WasteBurial(B)= Generic For PWRUnit Adjustment Escalation Factor' Ratio Factof
[= 2.547 0.65 1.656 f= 2.632 0 . 13 0.342
$= 13.885 0.22 3.055 PWREscalation Factor= 5.053 BaseAmountfor PWRbetween1200MWtand3400MWt= ($75m+ 0.0088P)
(P = powerlevelin megawatts thermal= 2900)
($ZS+ 0.0088(2900)) million= $100,520,000 Escalated Amountfor unit2=
100,520,000 x 5.053 $507,927,560 Owner/Licensee Ownership ffipany2 21.660/o $ 11 0 , 0 1,71 1 0 TheToledoEdisonCompany2 18.260/o $92,747,572 FirstEnergy NuclearGeneration, LLC' 60.08% $305,162,878 TotalFirstEnergy Consolidated2 $507,927,560 datausedto developLaborfactor,actual Note1: Actualfourthquarter2012Bureauof LaborStatistics December2012Bureauof LaborStatistics datausedto developEnergyfactor,and Burialfactoris basedon NUREG-1307, "Reporton WasteBurialCharges:Changes Waste in Decommissioning DisposalCostsat Low-Level Revision WasteBurialFacilities," 15data.
Note2: Mathematical wasperformed rounding duringthedevelopment calculations.
of thesupporting
Attachment 3 L-13-033 Decommissioning FundingStatusReport- Davis-Besse NuclearPowerStation Page1 of 2 ThisreportreflectsFirstEnergy Corp.'sconsolidated shareof ownership interestin Davis-Besse NuclearPowerStationas of December 31,2012.
- 1. The minimumdecommissioning fundestimate, pursuant to 10 CFR50.75(b)and(c)
(seeSchedule 1):
FirstEnergy NuclearGeneration, LLC $495,355,574
- 2. Theamountaccumulated in externaltrustfundsas of December 31,2A12:
After-Tax FirstEnergy NuclearGeneration, LLC $478,270,692
- 3. A scheduleof the annualamountsoverthe numberof yearsremaining to be collectedfrom ratepayers:
AmountRemaining $0 Numberof yearsto collect 0
- 4. The assumptions usedregarding ratesof escalation in decommissioning costs, ratesof earningson decommissioning funds,and ratesof otherfactorsusedin fundingprojections:
Consolidated Ownership Interestin Unit 100%
"Real"Rateof ReturnthroughDismantlement 2.00o/o Yearof FinalDismantlement 2024 Yearof LicenseTermination 2017 5 . Thereare no contractsuponwhichthe owners/licensees are relyingpursuantto 10 CFR50.75(eX1Xv).
6 . Therehasbeenno modification to the currentmethodof providing decommissioning fundingassurance sincethe lastsubmitted report.
7 . Therehavebeenno materialchangesto the applicable trustagreement(s) sincethe lastsubmittedreport.
8 . Mathematical rounding was performed duringthe development of the supporting calculations.
L-13-033 Page2 of 2 Schedule1 FIRSTENERGY CORP.
Calculation of MinimumFinancial Assurance Amount December31, 2012 DAVIS.BESSE NUCLEARPOWERSTATION Ohio Rgqions Labor(L) = Midwest Energy(E)= National WasteBurial(B)= Generic For PWRUnit Adjustment Escalation Factor' Ratio Factof l_= 2.411 0.65 1.567 f= 2.632 0.13 0.342
$= 13.885 0.22 3.055 PWREscalation Factor= 4.964 BaseAmountforPWRbetween1200MWtand3400MWt= ($75m+ 0.0088P)
(P = powerlevelin megawatts thermal= 2817)
($ZS+ 0.0088(2817)) million= $ 99,789,600 Escalated Amountfor unit2=
99,789,600 x 4.964 $495,355,574 Owner/Licensee Ownership FirstEnergy Nuclear Generation, LLC 100.00% $495,355,574 datausedto developLaborfactor,actual Note1: Actualfourthquarter2012Bureauof LaborStatistics December2012Bureauof LaborStatistics datausedto developEnergyfactor,and Burialfactoris basedon NUREG-1307, "Reporton WasteBurialCharges:Changesin Decommissioning Waste DisposalCostsat Low-Level Revision WasteBurialFacilities," 15 data.
Note2: Mathematical roundingwasperformed duringthe development calculations.
of the supporting
Attachment 4 L-13-033 Decommissioning FundingStatusReport- PerryNuclearPowerPlant Page1 of 3 ThisreportreflectsFirstEnergy Corp.'sconsolidated shareof ownershipinterestin PerryNuclearPowerPlantas of December31, 2012.
- 1. The minimumdecommissioning fundestimate, pursuant to 10 CFR50.75(b) and(c)
(seeSchedule 1):
OhioEdisonCompany $ 85,492,422 FirstEnergyNuclearGeneration, LLC 594,097,578 FirstEnergy Consolidated
- 2. Theamountaccumulated in external trustfundsas of December 31,2012:
After-Tax OhioEdisonCompany $ 65,164,574 FirstEnergyNuclearGeneration, LLC 397,213.503 FirstEnergy Consolidated $462,378,W7
- 3. A scheduleof the annualamountsoverthe numberof yearsremaining to be collectedfromratepayers:
AmountRemaining $0 Numberof yearsto collect 0
- 4. The assumptions usedregarding ratesof escalation in decommissioning costs, ratesof earningson decommissioning funds,and ratesof otherfactorsusedin fundingprojections:
Consolidated Ownership Interestin Unit 100%
"Real"Rateof ReturnthroughDismantlement 2.00%
Yearof FinalDismantlement 2033 Yearof LicenseTermination 2026 5 . Thereare no contractsuponwhichthe owners/ficensees are relyingpursuantto 10 CFR50.75(eX1Xv).
6 . Therehasbeenno modification to the currentmethodof providing decommissioning fundingassurance sincethe lastsubmitted report.
7 . Therehavebeenno materialchangesto the applicable trustagreement(s) sincethe lastsubmittedreport.
L-13-033 Page2 of 3 8 . FirstEnergyNuclearOperating Company(FENOC)recognizes thata shortfallexists for FirstEnergy NuclearGeneration, LLC,whenthe existing trustbalances and assumedearningsarecompared withthe NRCformulaamountcalculated in ltem1, above.Whenthe PerryNuclearPowerPlantportionof an existing$95million ParentGuarantee the remaining is includedin the calculation, shortfall is
$12,319,654. To resolvethe shortfall,FENOCwillobtaina ParentGuarantee in accordance with10 CFR50.75(bX2) and(bX3)within90 daysof the dateof this submittal.
9 . Mathematical roundingwas performed duringthe development of the supporting calculations.
Attachment 4 L-13-033 Page3 of 3 Schedule1 FIRSTENERGY CORP.
Calculation of MinimumFinancial Assurance Amount December 31, 2012 PERRYNUCLEARPOWERPLANT Ohio Resions Labor(L)= Midwest Energy(E)= National WasteBurial(B)= Generic For BWRUnit Adjustment Escalation Factor' Factof l_= 2.411 0.65 1.567 2.705 0.13 0.352 S= 14 . 16 0 0.22 3 . 11 5 BWREscalation Factor= 5.034 BaseAmountfor BWRgreaterthan3400MWt= $135,000,000 Escalated Amountfor unit2=
135,000,000 x 5.034 $679,590,000 Owner/Licensee Ownership OhioEdisonCompany 12.58o/o $ 85,492,422 FirstEnergyNuclear Generation, LLC 87.42% $594,097,578 TotalFirstEnergy Consolidated $679,590,000 Note1: Actualfourthquarter2012Bureauof LaborStatistics datausedto developLaborfactor,actual December2012Bureauof LaborStatistics datausedto developEnergyfactor,andBurialfactoris basedon NUREG-1307, "Reporton WasteBurialCharges:Changesin Decommissioning Waste DisposalCostsat Low-Level WasteBurialFacilities," 15 Revision data.
Note2: Mathematical roundingwasperformed duringthedevelopmentof thesupporting calculations.