LR-N05-0140, Units 2 & 3, NRC Decommissioning Funding Status Report
| ML050960381 | |
| Person / Time | |
|---|---|
| Site: | Peach Bottom, Salem, Hope Creek  |
| Issue date: | 03/30/2005 |
| From: | Perino C Public Service Enterprise Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| LR-N05-0140 | |
| Download: ML050960381 (4) | |
Text
.4 PSEG Nuclear LLC P.O. Box 236, Hancocks Bridge, New Jersey 08038-0236 MAR 3 0 2005 LR-N05-0140 O PSEG Nuclear LLC United States Nuclear Regulatory Commission Document Control Desk Washington, DC 20555 NRC DECOMMISSIONING FUNDING STATUS REPORT SALEM, HOPE CREEK AND PEACH BOTTOM GENERATING STATIONS DOCKET NOS. 50-272, 50-311, 50-354, 50-277, AND 50-278 FACILITY OPERATING LICENSE NOS. DPR-70, 75, NPF-57 AND DPR-44, 56 This letter submits the status report of the decommissioning funds for the subject facilities in accordance with 10CFR50.75(fXl).
- 1. The minimum decommissioning fund estimate, pursuant to 1 0 CFR 50.75 (b) and (c).
NRC Minimum Decommissioning Funding Requirements (PSEG Nudear Share) ($ Thousands)
Plant Hope Creek Salem Unit #1 Salem Unit #2 Peach Bottom Unit #2 Peach Bottom Unit #3 Total 459,964 215,314 215,314 235,085 2356085 1,360,762
- 2. Amount accumulated as of December 31, 2004.
The amount accumulated in both Qualified and Non-Qualified Trusts 31, 2004, for each respective Unit, is disclosed in the following Table:
at December Plant Hope Creek Salem Unit #1 Salem Unit #2 Peach Bottom Unit #2 Peach Bottom Unit #3 Total
($ Thousands)
Qualified Trust Non-Qualified Trust 319,446 4,995 163,263 48,896 179,429 15,921 142,914 35,194 152,769 27,872 957,820 132,878 Total 324,441 212,158 195,349 178,108 180.641 1,090,698 A~ooi 95-2168 REV. 7/99
Document Control Desk LR-N05-140 2
MAR 3 0 2005
- 3. Annual amounts remaining to be collected as of December 31, 2004.
None'
- 4. Assumptions used regarding escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
For the purpose of determining if the NRC's minimum requirements are met, PSEG has calculated that the current fund balances and annual funding levels, together with earnings at a 2% annual rate of return, as permitted by 10CFR50.75(e)(1)(ii),
satisfy NRC's minimum funding assurance requirements.
- 5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
The licensee is not relying upon contracts in this regard.
- 6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
PSEG Nuclear has prepaid its nuclear decommissioning liability in the amount (aggregate) by $364.8 million, as of December 31, 2004. The calculation is supported in Appendix A.
Appendix A calculates an accumulated funding requirement based upon annual contributions requirements since first filing in 1991. This method is consistent with previous submittals and provides an accurate measure for annual growth requirements of the funds.
- 7. Any material changes to trust agreements.
None.
Should you have any questions regarding this report, please contact Michael Mosier at 856-339-5434.
Christina L. Perino Director - Regulatory Assurance Appendix A
' New Jersey Board of Public Utilities (BPU) decision dated July 9, 2003.
Document Control Desk 3
VIUR3 0 2005 LR-N05-0140 C
Mr. S. Collins, Administrator - Region I U. S. Nuclear Regulatory Commission 475 Allendale Road King of Prussia, PA 19406 U. S. Nuclear Regulatory Commission ATTN: Mr. D. Collins, Licensing Project Manager - Hope Creek/Salem Mail Stop 08C2 Washington, DC 20555-0001 USNRC Senior Resident Inspector - Salem (X24)
USNRC Senior Resident Inspector - Hope Creek (X24)
Mr. K. Tosch, Manager IV Bureau of Nuclear Engineering PO Box 415 Trenton, New Jersey 08625
Calculation of NRC Funding Requirements for Year 2004 Appendix A Dollars In (000's)
A" Remaining Years to End of Operating Lcense Ufe NRC Decommissiong Funding Requirements lAW IOCFR50.75 (note 1,2)
Accumulated Funding Requirements as of December 31, 2004 (note 1, 3)
Fair Market Value of External Fund as of December 31, 2004 (note 1)
Operating Ucense Expiration Date Sation and Unit Hope Creek Unit No. 1 Salem Unit No. 1 Salem Unit No. 2 Peach Bottom Unit No. 2 April 11, 2026 August 13, 2016 April 18, 2020 August 8, 2033 22
$459,964 12
$215,314
$206,984
$150,720
$129,188
$121,461
$324,441
$212,158
$195,349
$178,108 16
$215,314 29
$235,085 Peach Bottom Unit No. 3 July 2, 2034 30
$235,085
$1,360,762
$117,543 725,895
$180,641
$1,090,698 note 1:
note 2:
note 3:
Amounts represent PSEG Nudleal's share of Unding and are In year 2004 dollars Funding Requirements calculated using guidance In Regulatory Guide 1.159 Revision I and Draft Reguistory Guide DG-1085 Accumulated Funding =
NRC Decommissioning Funding Requirements X
40 year Lcensed Life - Remaining Years to End of Operating License Life Requirementsl IAW 10CFR50.75 40 year Licensed Life
- Consistent with method in GAO/RCED-99-75 "Better Oversight Needed to Ensure Accumulation of Funds to Decommission Nuclear Power Plants" and NRC Document SECY-99-170 "Summary of Decommissioning Fund Status Reports."
Peach Bottom Units Only Accumulated Funding =
NRC Decommissioning Funding Requirements X
60 year Licensed Life - Remaining Years to End of Operating License Lif Requirements^
IAW I0CFRSO.75 60 year Licensed Life NRC-2004 Annual Revised2 Appendix A Revised