L-HU-06-011, Decommissioning Funding Status Report

Decommissioning Funding Status Report

ML060900286
Person / Time
Site:	Monticello
Issue date:	03/29/2006
From:	Weinkam E Nuclear Management Co
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
L-HU-06-011
Download: ML060900286 (2)

Text

Committed b Nuclear Excellence Nuclear Management Company, LLC March 29,2006 L-HU-06-011 I 0 CFR 50.75(f)(I )

U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555-0001 Monticello Nuclear Generating Plant Docket 50-263 License No. DPR-22 Decommissionina Fundinq Status Report The enclosed decommissioning funding status report is being submitted in accordance with 10 CFR 50.75, "Reporting and Recordkeeping for Decommissioning Planning," Paragraph (f)(l), for Monticello Nuclear Generating Plant. As holder of the plant operating license, Nuclear Management Company, LLC is submitting this report on behalf of the plant owner, Xcel Energy. The financial information presented herein, current as of December 31, 2005, reflects information provided to Nuclear Management Company, LLC by Xcel Energy.

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

am Licensing and Regulatory Services Nuclear Management Company, LLC Enclosure (1)

CC: Regional Administrator, USNRC, Region Ill NRR Project Manager, Monticello Nuclear Generating Plant, USNRC NRC Resident Inspector, Monticello Nuclear Generating Plant, USNRC Xcel Energy:

Manager, Nuclear Assets, Charles Bomberger Director, Capital Assets, Lisa H. Perkett 700 First Street Hudson, Wisconsin 54016 Telephone: 715.377.3300 www.nmcco.com

ENCLOSURE I Xcel Energy Monticello Generating Plant Docket No. 50-263 License No. DPR-22 Decommissioning Funding Status Report As provided in 10 CFR 50.75(0(1), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and at least every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.

1. The minimum decommissioning fund estimate pursuant to 10 CFR 50. J5(b) and (c).

2. The amount accumulated at the end of the calendar year preceding the date of the report. External $398,008,394

• The internal fund transfer to the external fund was completed, per a prescribed schedule under Internal* $4,362,157 MPUC Docket# E-002/M-02-1766 as of 12/31/2005.

Total $402,370,551

3. A schedule of the annual amounts remaining to be collected.

The external funding amount is on a prescribed schedule per MPUC Docket# E-002/M-05-1648 effective 11112006.

4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.

I Plant Owner (% Ownership) Rate of Escalation I Real Rate of

/ Earnings (Nominal Rate Of Return) 1 Factor (lnflation) I (420')

Xcel Energy (100%)- Monticello 5.50% 4.19% 1.31%

(projections through 12/31/2005)

Xcel Energy (100%)- Monticello 5.40% 3.61 % 1.79%

I (projections effective 1/1/2006) I Basis for Allowance:

Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Employment Cost Index, the Producer Price Index and the Chained Price Index, as well as other forecasted data.

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(l)(v). None

6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None

7. Any material changes to trust agreements. None