L-2019-046, Stations - Decommissioning Funding Status Reports / Independent Spent Fuel Storage Installation (ISFSI) Financial Assurance Update

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Stations - Decommissioning Funding Status Reports / Independent Spent Fuel Storage Installation (ISFSI) Financial Assurance Update
ML19088A130
Person / Time
Site: Saint Lucie, Point Beach, Seabrook, Turkey Point, 07200061, 07200062  NextEra Energy icon.png
Issue date: 03/25/2019
From: Parks W
Florida Power & Light Co
To:
Document Control Desk, Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation
References
L-2019-046
Download: ML19088A130 (26)
v • d • e


Text

MAR 2 52019 L-2019-046 10 CPR 50.75(£)(1) 10 CPR 72.30(c)

Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555-0001 RE: St. Lucie Units 1 and 2 Docket Nos. 50-335 and 50-389 DocketNo. 72-61 Turkey Point Units 3 and 4 Docket Nos. 50-250 and 50-251 DocketNo. 72-62 N extEra Energy Seabrook, LLC Seabrook Station Docket No. 50-443 DocketNo. 72-63 NextEra Energy Point Beach, LLC Point Beach Units 1 and 2 Docket Nos. 50-266, 50-301 Docket No. 72-05 Decommissioning Funding Status Reports / Independent Spent Fuel Storage Installation (ISFSI)

Financial Assurance Update Pursuant to 10 CPR 50.75(£)(1) and 10 CFR 72.30(c), enclosed are the Decommissioning Funding Status (DFS)

Reports and Independent Spent Fuel Storage Installation Financial Assurance Update for the following units:

1. St. Lucie Units 1 and 2
2. Turkey Point Units 3 and 4
3. Seabrook Station
4. Point Beach Units 1 and 2 Florida Power and Light Company (FPL) is the sole owner of Turkey Point Units 3 and 4 and St. Lucie Unit 1. FPL; Florida Municipal Power Agency, and Orlando Utilities Commission own St. Lucie Unit 2. The report for St. Lucie Unit 2 provides the status of decommissioning funding for all three owners of that unit.

j/-b~ I

/II Iv/ ~51- l..o

J((fL Florida Power & Light Company A)H55 700 Universe Boulevard, Juno Beach, FL 33408

L-2019-046 Page 2 of2 NextEra Energy Seabrook, LLC (Seabrook), Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, and Taunton Municipal Lighting Plant own Seabrook Station. The report for Seabrook Station provides the status of decommissioning funding for all four owners of that unit.

NextEra Energy Point Beach, LLC is the sole owner of Point Beach Units 1 and 2.

This letter contains no new commitments and no revisions to existing commitments.

Should there be any questions, please contact Steve Catron at (561) 304-6206.

Iv~~

William Parks Nuclear Licensing and Regulatory Compliance Director Enclosures (2)

\.

Enclosure 1 Decommissioning Funding Status Reports 10 CFR 50.75(f)(1)

St. Lucie Units 1 and 2 Turkey Point Units 3 and 4 Seabrook Station Point Beach Units 1 and 2

St. Lucie Nuclear Plant - Unit 1 Florida Power and Light Company (FPL),

Decommissioning Funding Status Report

1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75'b) and {c).

Plant Owner{% Ownership) NRC Minimum {a)

FPL (100%) 491,668,470

{a) Refer to St. Lucie Unit 1 for calculation assumptions

')

2. The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes Total 1 FPL 100% 1,016,752,531
3. Projected Funds at Shutdown 2% real rate of return .

Total FPL 100% see note b 1,428,728,538 *

(b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-16-0250~

PAA-El, customer contributions to the decommissioning trust remain at zero effective June 29, 2016.

4. Any contracts upon which the licensee is* relying pursuant to 10 CFR 50.75(e)(1)(v). None
5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
6. Any material changes to trust agreements.

None 1

NRC letter datea November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, St. Lucie Unit 1 allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2015 with the FPSC.

Page 11

ST. LUCIE NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRC Minimum= $101.58 million X (0.65L + 0.13E + 0.22B)

Where:

$101.58 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year3 E = Energy escalation factor to current year4 B = LLRW escalation factor to current year5

  1. Item Description Value 1 Labor escalation factor for Quarter 4, 2018 3 132.5 2 Base adjustment factor from NUREG-1307 2 1.98 3 Escalation factor from NUREG-1307 100 4 L = #1 times #2 divided by #3 2.62 5 Electric power escalation factor, 2018 6 240.2 6 Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7 Fuel escalation factor for 2018 7 223.6 8 Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9 P = #5 divided by #6 2.10 10 F = #7 divided by #8 2.73 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.37 12 Value of B from Table 2.1 of NUREG-1307 5 12.853 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.84 14 1986 minimum-millions of dollars for PWR 101.58 15 2018 minimum-millions of dollars: #13 times #14 491.7 2

NUREG 1307, Rev 17, Table 3.2 3

NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU2010000000220I (South Region). '

4 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

5 NUREG 1307 provides a value for B in Table 2.1 ..

6 December 2018 value is 240.2 (See note #4) Information was preliminary as of 01/15/19.

7 December 2018 value is 223.6 (See note #4) Information was preliminary as of 01/15/19.

Page 12

ST. LUCIE NUCLEAR PLANT - UNIT 1 The St. Lucie Unit 1 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. St. Lucie Unit 1 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).

~~~~-~:-i:-~-:-~~~~\-~~tt~~~~tL~~----~:-:i~~-~F--~-~~-*:-_*-_*-.:==--~=--*j jAs of December 31, 2018 _____*---*-*----~----- i**---*---**-*-*-*--*!

f!E~~:t!-:-::~~*~~d-; ~i $~15} =-=~=--== =r.::::=:=1 st. Luole ~-~;  !

==-= ~ =- :-+-

5 9 r:~~~:7"""' . :: _- : : :- . :_ -::

1----*-**-* ---- -**- *--** *--- -----*-----..-*--* **-***---r-*. *- . --..---.--.. ;,: :

!Total .

. I I

======i 2:10~I 934,648 L - - ~ - ~ - * - - * *--.-- * --*-*-*-**-**---*-*-m*~""-*--*---~---*-----*---*'*****-****-*** -*""-""'"---..-***l-m,,M--~----*-----*-1

\category% * . . . . . . . . . . _ I . . ... l ... . . l

~;:~; u:~:~:~:~~t----------** - - -*-*- * ------** -- ---f -**-------!-----*--** ~~:~:~ l

*-----*-----..**-------------** *--***-----**-------..-- ......______1--------*-- : -------------,

iSite Restoration j I 5.28% i 1--~~-.,-.........~~~- .......... ~,.-*----..-..- - **----~--~---*****-'""""*-***-*****-* -- ~--*-**--- -**--**~----*-*""'"*-*'"""""""~--*"'"*- "'" "'1 '

JTotal

..... ****--..--*** __ _,_ j

................. ****-.. - ................ ***--**** .................. **-----**-----*-r----* ......______.... -* .. i 100"/oi Ir--------*---------..--------. i I I

.*----------------r----**-----l--*--------------1

---..*---**--*---------------*--*---..*--1 -*------ ;------**-------,

Ii--.

ProJected_Trnst. Fu_nd Balance._at_Shutdown. ............................r . . . . . . ***-+* . . . 1,428,728,538 j I..-------**-------------------~----------*-----*--------, -------..----* ,. ------**---~---------.. .

tr;~~:~~~; ~a!~~t:~;~~ ~;;~e : :.:i: ti~-~ ~~~1-i~:J *----- - ~- - .L.....

  • j 90~.~~~!,~.~!J Page 13

St. Lucie Nuclear Plant - Unit 2 Florida Power and Light Company (FPL),

Florida Municipal Power Agency (FMPA),

Orlando Utilities Commission (OUC)

Decommissioning Funding Status Report

1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).

Plant Owner(% Ownership) NRC Minimum (a)

FPL (85.10449%) 418,431,944 FMPA (8.806%) 43,296,326 ouc (6.08951 %) 29,940,201 Total 491,668,470 (a) Refer to St. Lucie Unit 2 for calculation assumptions

2. The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)

Total 8 FPL (85.10449%) 860,941,961 FMPA (8.806%). 81,873,016 ouc (6.08951 %) 42,227,949 Total 985,042,925

3. Projected Funds at Shutdown (2% real rate of return).

Total FPL (85.10449%) (see note (b)) 1,392,455,526 FMPA (8.806%) (see note (c)) 132,418,372 OUC (6.08951 %) (see note (c)) 68,297,915 Total 1,593,171,813 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-16-0250-PAA-EI, customer contributions* to the decommissioning trust remain at zero effective June 29, 2016.

(c) Assumes no contributions to the fund.

4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v). None
5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
6. Any material changes to trust agreements.

None 8

NRC letter dated November 26, 2008, St. Lucie Pla~t. Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, St. Lucie Unit 2, allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2015 with the FPSC ..

Page 14

ST. LUCIE NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination

\ NRC Minimum = $101.58 million X (0.65L + 0.13E + 0.228)

Where:

$101.58 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year10 E = Energy escalation factor to current year11 B = LLRW escalation factor to current year12

  1. Item Description Value 1 Labor escalation factor for Quarter 4, 2018 10 132.5 2 Base adjustment factor from NUREG-1307 9 1.98*

3 Escalation factor from NUREG-1307 100 4 =

L #1 times #2 divided by #3 2.62 5 Electric power escalation factor, 201,8 13 I 240.2 6 Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2

(

7 Fuel escalation factor for 2018 14 223.6 8 Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9 =

P #5 divided by #6 2.10 10 =

F #7 divided by #8 2.73 11 =

E 0.58P(#9) + 0.42F(#10) per.JNUREG-1307 2.37 12 Value of B from Table 2.1 of NUREG-1307 12 12.853 13 0.65L(#4) + 0.13E(#11) + 0.228(#12) 4.84 14 1986 minimum-millions of dollars for PWR 101.58 15 2018 minimum-millions of dollars: #13 times #14 491.7 9

NUREG 1307, Rev 17, Table 3.2 10 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).

11 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

12 NUREG 1307 provides a value for B in Table 2.1.

13 December 2018 value is 240.2 (See note #11) Information was preliminary as of 01/15/19.

14 December 2018 value is 223.6 (See note #11) Information was preliminary as of 01 /15/19.

Page 15

ST. LUCIE NUCLEAR PLANT - UNIT 2 The St. Lucie Unit 2 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRG license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. St. Lucie Unit 2 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR

'50.75(b).

Page 16

Turkey Point Nuclear Plant - Unit 3 Florida Power and Light Company (FPL},

Decommissioning Funding Status Report

1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75{b) and*(c).

Plant Owner(% Ownership) NRC Minimum (a)

FPL (100%) 475,652,555 (a) Refer to Turkey Point Unit 3 for calculation assumptions

2. The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes)

Total 15 FPL 100% 839,232,304

3. Projected Funds at Shutdown 2% real rate of return .

Total FPL 100% see note b f,097,718,787 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-16-0250-PAA-EI, customer contributions to the decommissioning trust remain at zero effective June 29, 2016.

4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v). None
5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
6. Any material changes to trust agreements.

None 15 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1* and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRG guidance, either an order of the FPSG or an NRG exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Turkey Point Unit 3, allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2015 with the FPSC Page 17

TURKEY POINT NUCLEAR PLANT - UNIT 3 NRC Minimum Decommissioning Cost Determination NRG Minimum = $98.27 million X (0.65L + 0.13E + 0.22B)

Where:

$98.27 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year17 E = Energy escalation factor to current year18 B = LLRW escalation factor to current year 19

  1. Item Description Value 1 Labor escalation factor for Quarter 4, 2018 17 132.5 2 Base adjustment factor from NUREG-1307 16 1.98 3 Escalation factor from NUREG-1307 100 4 =

L #1 times #2 divided by #3 2.62 5 Electric power escalation factor, 2018 20 240.2 6 Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7 Fuel escalation factor for 2018 21 223.6 8 Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9 =

P #5 divided by #6 2.10 10 =

F #7 divided by #8 2.73 11 =

E 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.37 12 Value of B from Table 2.1 of NUREG-1307 19 12.853 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.84 14 1986 minimum-millions of dollars for PWR 98.27 15 2018 minimum-millions of dollars'. #13 times #14 475.7 16 NUREG 1307, Rev 17, Table 3.2 17 NU REG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).

18 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

19 NUREG 1307 provides a value for B in Table 2.1.

20 December 2018 value is 240.2. (See note #18) Information was preliminary as of 01 /15/19.

21 December 2018 value is 223:6 (See note #18) Information was preliminary as of 01 /15/19.

Page 18

TURKEY POINT NUCLEAR PLANT - UNIT 3 The Turkey Point Unit 3 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRG guidance, either an order of the FPSC or an NRG exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRG license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. Turkey Point Unit 3 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b).

lFlonda_Power and L1ght_Company , _______.L_. _____ _j I Decommissioning Trust Fund - License Termination Funds i

~-..- --------------------------T-------------,-*-------*-- '

1~~~!.~:~~!!!.~!~--~~-~. ~-~~.~--** --** -* * -* * *-* * *--.. 0 . . . :. . . . . . . :. __........! T-u-rk_e_y_P-oi-n....t I Ir-*-

TLG Cost Study (thousands of $2015)

Unit 3

~.LJ~~.~.E:..!~!~~~.!!?.~.......................*-*****-***--*-******** !**-------------*--*-------------1--------*-..---.?~~l~~---!

1_?pen~_uel~-na_gE:~~t__________________________ i *-------*--------_j_____.}_24_,5.~~-i I

tii~----------------------* . **- ---1---- ------**1i 1Site Restoration  : 40,665 846,034 i I i I

!_category%

  • ___ -- ___ I_ *------ * * [__ __
  • 1

! License Termination

*-*-**---=-**~--*--**,.,_,,..,_***-*---,.,c-.,._-****: "***~****--,.-***-*-*e-,---*----*---'.

j I 68.65% i I-*--------*-------********------------*-------***--*---------..

Spent Fuel Management I i 26.55% i ISite Restoration 1 i I 4.81 % i 17iot~,---*--****---*---****-*****---*--**--*--------*-r-***-*------*--------, 100%i

~.--------~-----~----__-L_

Projected Trust Fund Balance at I .. n I

____1 _____ ~ - - - - - ~

  • I

!Shutdown 1 11,097,718,787 i I****-,-*--*****-*-*-*-********-****-***-***-..*****--**. . .--,,"""'~***-*****-..*-**--.. . . . +.t~...._,..........-......_,,......i f.._......__ _,, ...._ .................~

i IProjection at Shutdown - License I I J ITermination Portion (Allocation based l 1 I on TLG Study) _____________________ .............. _________.......... i*------..**--*-----..----- 1 753,558,852 J Page 19

Turkey Point Nuclear Plant - Unit 4 Florida Power and Light Company (FPL),

Decommissioning Funding Status Report

1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).

Plant Owner(% Ownership) ,

NRC Minimum (a)

FPL (100%) 475,652,555 (a) Refer to Turkey Point Unit 4 for calculation assumptions

2. The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes Total 22 FPL (100% 948,100,859
3. Projected Funds at Shutdown 2% real {ate of return .

Total FPL 100% see note (b 1,258,077,527 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-16-0250-PAA-EI, customer contributions to the decommissioning trust remain at zero effective June 29, 2016.

4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v). None
5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
6. Any material changes to trust agreements.

None 22 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. However, the trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Turkey Point Unit 4, allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in December 2015 with the FPSC.

Page 110

TURKEY POINT NUCLEAR PLANT - UNIT 4 NRC Minimum Decommissioning Cost Determination NRC Minimum = $98.27 million X (0.65L + 0.13E + 0.228)

Where:

$98.27 million is value for reference PWR in 1986 dollars 4

L = Labor escalation factor to current year2 5

E = Energy escalation factor to current year2 6

l;3 = LLRW escalation factor to current year2

  1. Item Description Value 24 1 Labor escalation factor for Quarter 4, 2018 132.5 23 2 Base adjustment factor from NUREG-1307 1.98 3 Escalation factor from NUREG-1307 100

.4 =

L #1 times #2 divided by #3 2.62 27 5 Electric power escalation factor, 2018 240.2 6 Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7 Fuel escalation factor for 2018 28 223.6 8 Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9 =

P #5 divided by #6 2.10 10 =

F #7 divided by #8 2.73 11 =

E 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.37 26 12 Value of B from Table 2.1 of NUREG-1307 12.853 13 0.65L(#4) + 0.13E(#11) + 0.228(#12) 4.84 14 1986 minimum-millions of dollars for PWR 98.27 15 2018 minimum-millions of dollars: #13 times #14 475.7

/

23 NUREG 1307, Rev 17, Table 3.2 24 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).

25 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

26 NUREG 1307 provides a value for B in Table 2.1.

27 December 2018 value is 240.2 (See note #25) Information was preliminary as of 01/15/19.

28 December 2018 value is 223.6 (See note #25) Information was preliminary as of 01/15/19.

Page 111

TURKEY POINT NUCLEAR PLANT - UNIT 4 The Turkey Point Unit 4 trust includes non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the Florida Public Service Commission (FPSC). FPL understands that under NRC guidance, either an order of the FPSC or an NRC exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the NRC license termination portion of the trust fund balance based upon percentages in FPL's most recent FPSC decommissioning cost study. Turkey Point Unit 4 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR s'o.75(b).

!Florida Power and Light Company i

. *----------------------------**------------------*-**--*--*--**--------,.--..-L...........______....... ,

! l

,_Decommissioning Trust Fund - License Termina~n Funds_)

!As of December 31, 2018 I i

  • I 1-----*----------**-------*-*-----t*---*--*------***--

i , Turkey Point ITLG Cost Study (thousands of $2015) I Unit 4

'!'i::i~;nse Termin~~n- * * * ---- 1 *-*---*-*-**-*--1 624,798 I

j-*------*------------***- -*-*--4 I 255,084 I ISpent Fuel Management 1

+--*---*---------------**--:-----*--*----****------------1 l!Total Site Restoration l i* I, i 53,633 I 933,515 ii r-*---*-*----------*-------*-------*-* --*-*  : '

1 I  ! '

l.<?~~e_9<>ry "lo____ . . .

I; License Termination

. ........ .J ... .

...Ji . . . ...J! 66.93%

*--*--------*--*---j ------------------------1 ISpent Fuel Management

*-----------------------------------------------1---.

.jSite i I 27.33% i

.--..---***-**----*---.---*-*-*--------1 Restoration

*-*--*-*---*--*--*-*-****---............................................1.. -*-*-----*----------""""

i 5.75%i

!Total I i 100%!

rl ________ .. - - - -

Projected Trust Fund Balance at

------ - ---------------!-- ------- _____Ii_ ---------------------~I r

,Shutdown f " " " " " ' " " ' " " " ' " - - " " ' " " ". .'""'

i

'"-*-**-***c-*"'"_"_"c''" (--c*-**-"""""' lL'""'1,258,077,527

""___""""-"""lI

~ection at Shutdown - License --------1 . . . . . . . . . . . __. . r-----------**-*1 ITermination Portion (Allocation based I i l

!l--****----~----*-****-***-*--****-******---'

on TLG Study)

I 1  !' 842,026,451 I;

...*--**----------**-' **-**-**-------**='-'-*::...:._j Page 112

Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report29

1. The minimum decommissioning fund estimate pursuant to 10 CFR 50. 751 b) and (c).

Plant Owner{% Ownership) NRC Minimum {a)

NextEra Energy Seabrook, LLC. (88.22889%) 467,981,914 Hudson Liqht and Power Department (.07737%) 410,384 Massachusetts Municipal Wholesale Electric Company (11.5934%) 61,493,480 Taunton Municipal Lighting Plant (.10034%) 532,221 Total 530,418,000

{a) Refer to Seabrook for calculation assumptions

2. The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)

Total 30 NextEra Enerqv Seabrook, LLC. (88.22889%) 625,374,110 Hudson Liqht and Power Department (.07737%) 551,959 Massachusetts Municipal Wholesale Electric Company (11.5934%) 61,431,124 Taunton Municipal Lighting Plant (.10034%) 720,042 Total 688,077,235

3. Projected Funds at Shutdown (2% real rate of return).

Total NextEra Enerav Seabrook, LLC. (88.22889%) 1,246,867,218 Hudson Light and Power Department (.07737%) 1,100,493 Massachusetts Municipal Wholesale Electric Company (11.5934%) 122,481,014 Taunton Municipal Lighting Plant (.10034%) 1,435,615 Total 1,371,884,340 29 The New Hampshire Nuclear Decommissioning Financing Committee (NDFC) was established under New Hampshire law to provide assurance of adequate funding for decommissioning of nuclear generating facilities. This was intended "to ensure proper and safe decommissioning and subsequent surveillance of nuclear reactor sites to the extent necessary to prevent such sites from constituting a hazard to future generations." RSA 162-F:1. The NDFC is responsible for determining the appropriate amount of money that needs to be set aside and maintained in a trust fund, for the purpose of decommissioning any nuclear facilities located in the state of New Hampshire.

30 NRG letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos.

MD9354 and MD9355), directed FPL to report all funds within the trust as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. The Seabrook trusts contain non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the NDFC. NextEra understands that under NRG guidance, either an order of the NDFC or an NRG exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, Seabrook allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in 2015 with the NDFC.

Page 113

Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report

4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v). None
5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
6. Any material changes to trust agreements.,

None Page 114

SEABROOK STATION NRC Minimum Decommissioning Cost Determination NRG Minimum= $105 million X (0.65L + 0.13E + 0.22B)

Where:

$105 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year32 E = Energy escalation factor to current year33 B = LLRW escalation factor to current year34

  1. Item Description Value 32 I 1 t.abor escalation factor for Quarter 4, 2018 136.5 2 Base adjustment factor from NUREG-1307 31 2.1.6 3 Escalation factor from NUREG-1307 100 4 L = #1 times #2 divided by #3 2.95 5 Electric power escalation factor, 2018 35 240.2 6 Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7 Fuel escalation factor for 2018 36 223.6 8 Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9 P = #5 divided by #6 2.10 10 F = #7 divided by #8 2.73 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.37 12 Value of B from Table 2.1 of NUREG-1307 34 12.853 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 5.05 14 1986 minimum-millions of dollars for PWR 105 15 2018 minimum-millions of dollars: #13 times #14 530.4 31 NUREG 1307, Rev 17, Table 3.2 32 NU REG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, and Series CIU20100000002101 (Northeast Region).

33 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

34 NUREG 1307 provides a value for B in Table 2.1.

35 December 2018 value is 240.2 (See note #33) Information was preliminary as of 01/15/19.

36 December 2018 value is 223.6 (See note #33) Information was preliminary as of 01/15/19.

Page 115

SEABROOK STATION The Seabrook trusts contain non-earmarked funds for spent fuel management and site restoration purposes collected at the direction of the New Hampshire Decommissioning Financing Committee (NDFC). NextEra understands that under NRG guidance, either an order of the NDFC or an NRG exemption would be necessary to utilize the funds for these non-radiological purposes. For informational purposes only, the data summarized below allocates the trust account amounts by license termination, spent fuel management and site restoration costs based on assumptions from the decommissioning cost study filed in 2015 with the NDFC. Seabrook is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50. 75(b).

!:: .~: :~:; ~;:;.; -~ U"*'* ,.,....,.. '""* :.:_: -=-f-=- -=- f FG Cost Study Scenario .1Jthousands_of $2015t_ . _ ...._ .............................. J Seabrook  !

-==

NextEra

=-]_: :_

=- l-==:

Hudson  ! MMWEC

-+-=l! Taunton  !

I,S~e

~~=~:;u:~:~:~::ent ... ..... ..

Restoration

.. . ................ ...... ....... ....... .. .. ....... . ... ______ J-.. . . . ~:~:~:~. . . . . . . . . . . . L. . . . . . . . . . . t-.. . . . . . . . . -1 .................l

51,564 1 I i i  !

~~==:..

l~es_to!~ion _* "

-:-==

=:-= ~-: = = := =~= -~:- ~:;t:::_:::_= l--:,: -)::~::= :=--!=: --_ :_I

.. - - - . . -*------. - . __ -r . 51~~~: - - - ll ---* __J, -- J... _I 1 I i  ! I

[Projected Trust_FundBalance_at Shutdown*::==:~ -*:*--* -~ =~-=t---**1,371,884,34~---:~ 1,246,867,218c-**** 1,100,1~~.... *122,481,01~-1,435,6151

Projection at Shutdown - License Termination Portion (Allocation based on I I j j I i jTLGStudy)' --------*--------__J 953,784,236  ! __ 866,867,7541___ 765,103  ! __ 85,153,287_,_ 998,092 I Page 116

Point Beach Nuclear Plant - Unit 1 NextEra Energy Point Beach, LLC (NextEra),

Decommissioning Funding Status Report

1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.751 b) and (c).

NRC Minimum (a)

NextEra (100%) 447,277,992 (a) Refer to Point Beach Unit 1 for calculation assumptions.

2. The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes Total NextEra 100% 401,729,516
3. Projected Funds at Shutdown 2% real rate of return .

Total NextEra 100%) see note b 544,878,255 (b} Projection includes a pro-rata credit during the dismantlement period pursuant to 10CFR 50.75(e}(1}(ii).

4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v). None
5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
6. Any material changes to trust agreements. None Page 117

POINT BEACH NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRC Minimum= $90.84 million X (0.65L + 0.13E + 0.228)

Where:

$90.84 million is value for reference PWR in 1986 dollars L = Labor escalation factor to current year3 8 E = Energy escalation factor to current year39 B = LLRW escalation factor to current year40

  1. Item Description Value 1 Labor escalation factor for Quarter 4, 2018 44 132.3

-* 2 Base adjustment factor from NU REG-1307 43 2.08 3 Escalation factor from NUREG-1307 100 4 L = #1 times #2 divided by #3 2.75 5 Electric power escalation factor, 2018 41 240.2 6 Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7 Fuel escalation factor for 2018 42 223.6 8 Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9 P = #5 divided by #6 2.10 10 F = #7 divided by #8 2.73 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.37 12 Value of B from Table 2.1 of NUREG-1307 46 12.853 13 0.65L(#4) + 0.13E(#11) + 0.228(#12) 4.92 14 1986 minimum-millions of dollars for PWR 90.84 15 2018 minimum-millions of dollars: #13 times #14 477.3 37 NUREG 1307, Rev 17, Table 3.2 38 NU REG 1307 specifi~d that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).

39 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

40 NUREG 1307 provides a value for B in Table 2.1.

41 December 2018 value is 240.2 (See note #45) Information was preliminary as of 01/15/19.

42 December 2018 value is 223.6 (See note #45) Information was preliminary as of 01/15/19.

Page 118

Point Beach Nuclear Plant - Unit 2 NextEra Energy Point Beach, LLC (NextEra),

Decommissioning Funding Status Report

1. The minimum decommissioning fund estimate pursuant to 10 CFR 50.75'b) and (c).

NRC Minimum (a)

NextEra (100%) 447,277,992 (a) Refer to Point Beach Unit 2 for calculation assumptions.

2. The amount accumulated at the end of the calendar year preceding the date of the re ort. Trust fund balance is net of taxes Total NextEra 100% 378,522,034
3. Projected Funds at Shutdown 2% re~I rate of return .

Total NextEra 100% see note b 538,507,257 (b) Projection includes a pro-rata credit during the dismantlement period pursuant to 1

10CFR 50.75(e)(1)(ii). .

4. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v). None
5. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None
6. Any material changes to trust agreements. None Page 119

POINT BEACH NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRG Minimum = $90.84 million X (0.65L + 0.13E + 0.228)

Where:

$90.84 million is value for reference PWR in 1986 dollars L = Labor escalation factor to.current year44 E = Energy escalation factor to current year45 B = LLRW escalation factor to current year46

  1. Item Description Value 1 Labor escalation factor for Quarter 4, 2018 50 132.3 2 Base adjustment factor from NUREG-1307 49 2.08 3 Escalation factor from NUREG-1307 100 4 L =#1 times #2 divided by #3 2.75 5 Electric power escalation factor, 2018 47 240.2 6, Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7 Fuel escalation factor for 2018 48 223.6 8 Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9 P =#5 divided by #6 2.10 10 F =#7 divided by #8 2.73 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.37-12 Value of B from Table 2.1 of NUREG-1307 52 12.853 13 0.65L(#4) + 0.13E(#11) + 0.228(#12) 4.92 14 1986 minimum-millions of dollars for PWR 90.84 15 2018 minimum-millions of dollars: #13 times #14 447.3 43 NUREG 1307, Rev 17, Table 3.2 44 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwe~t Region).

45 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).

46

47 December 2018 value is 240.2 (See note #51) Information was preliminary as of 01/15/19.

48 December 2018 value is 223.6 (See note #51) Information was preliminary as of 01/15/19.

Page 120

Enclosure 2 Independent Spent Fuel Storage Installation {ISFSI)

Decommissioning Financial Assurance Update 10 CFR 72.30(c)

ISFSI Decommissioning Financial Assurance Update 10 CFR 72.30(c)

Site-specific ISFSI decommissioning cost estimates were submitted with the Decommissioning Funding Status Reports dated March 30, 2017. The site-specific studies remain valid for technological and status changes, but have been escalated to account for inflation. The following table adjusts the current ISFSI Decommissioning Funding Plans to 2018 dollars.

Projected 10 CFR 50.75 NRCMinimum Decommissioning ISFSI Trust Balance Decommissioning Amount per Trust Fund Value Decommissioning as of 12/31/18 Trust Fund Value 10 CFR 50.75(b) Surplus Cost Estimate Site ($Thousands) ($Thousands) ($Thousands) ($Thousands) ($Thousands)

St. Lucie Unit 1 1,016,753 1,428,729 491,668 937,060 4,970 St. Lucie Unit 2 - FPL 860,942 1,392,456 418,432 974,024 4,230 St. Lucie Unit 2 - FMPA 81,873 132,418 43,296 89,122 438 St. Lucie Unit 2 - OUC 42,228 68,298 29,940 38,358 303 Turkey Point Unit 3 839,232 1,097,719 475,653 622,066 4,064 Turkey Point Unit 4 948,101 1,258,078 475,653 782,425 4,064 Seabrook - NextEra 625,374 1,246,867 467,982 778,885 5,166 Seabrook - MMWEC 61,431 122,481 61,493 60,988 679 Seabrook - Tauton 720 1,436 532 903 6 Seabrook - Hudson 552 1,100 410 690 5 Page 11

The following tables supplement the 2015/2016 ISFSI decommissioning funding plans to address new information that may affect the previously submitted reports in accordance with 10 CFR 72.30(c)(1-4).

Turkey Point (Florida Power and Light Company)

Spills of radioactive material producing additional residual radioactivity in onsite subsurface material None Facility modifications None Changes in authorized possession limits None Actual remediation costs that exceed previous cost estimate None St. Lucie (Florida Power and Light Company)

I Spills of radioactive material producing additional residual radioactivity in onsite subsurface material None Facility modifications None Changes in authorized possession limits None Actual remediation costs that exceed previous cost estimate None 1

Seabrook (NextEra Energy Seabrook, LLC)

Spills of radioactive material producing additional residual radioactivity in onsite subsurface material None Facility modifications None Changes in authorized possession limits None Actual remediation costs that exceed previous cost estimate None Point Beach (NextEra Energy Point Beach, LLC)

Spills of radioactive material producing additional residual radioactivity in onsite subsurface material None Facility modifications None Changes in authorized possession limits None Actual remediation costs that exceed previous cost estimate None Page 12

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