LR-N06-0249, Units 2 and 3, Nuclear Facilities, NRC Decommissioning Funding Status Report

From kanterella
Jump to navigation Jump to search
Units 2 and 3, Nuclear Facilities, NRC Decommissioning Funding Status Report
ML061450138
Person / Time
Site: Peach Bottom, Salem, Hope Creek  PSEG icon.png
Issue date: 05/17/2006
From: Benyak D
Public Service Enterprise Group
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
LR-N06-0249
Download: ML061450138 (4)
v • d • e


Text

PSEG Nuclear LLC P.O. Box 236, Hancocks Bridge, New Jersey 08038-0236 Y1 7 20D6 OPSEG NuclearLLC LR-N06-0249 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 10CFR5O.75(f)(1).

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

NRC Minimum Decommissioning Plant Funding Requirements (PSEG Nuclear Share (S Thousands)

Hope Creek 465,476 Salem Unit #1 201,636 Salem Unit #2 201,636 Peach Bottom Unit #2 242,049 Peach Bottom Unit #3 242,049 Total 1,352,846

2. Amount accumulated as of December 31,2005.

The amount accumulated in both Qualified and Non-Qualified Trusts on December 31, 2005, for each respective Unit, is disclosed in the following Table:

($ Thousands)

Plant Qualified Trust Non-Qualified Trust Total Hope Creek 333,714 5,205 338,920 Salem Unit #1 170,324 50,831 221,154 Salem Unit #2 187,290 16,558 203,848 Peach Bottom Unit #2 149,239 36,569 185,808 Peach Bottom Unit #3 159.476 28,945 188,421 Total 1,000,043 138,109 1,138,152 fro I 95-2168 REV. 7/99

Document Control Desk 2 WY 18 2033 LR-N06-0249

3. Annual amounts remaining to be collected as of December 31, 2005.

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 $390.7 million, as of December 31, 2005. 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 Justin Wearne at 856-339-5081 Sincerely, Darin M. Benyak Director - Regulatory Assurance Appendix A

' New Jersey Board of Public Utilities (BPU) decision dated July 9, 2003.

Document Control Desk 3 MAY 1 7 206 LR-N06-0249 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. S. Bailey, Licensing Project Manager - Hope Creek/Salem Mail Stop 08B1 Washington, DC 20555-0001 U. S. Nuclear Regulatory Commission ATTN: Mr. S. Campbell, Licensing Project Manager - Hope Creek/Salem Mail Stop 07D1 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 2005 PI Appendix A Dollars In (000's)

Remaining NRC Decommissiong Accumulated Fair Market Value Years to End Funding Requirements Funding Requirements of External Fund Operating License of Operating IAW 10CFR50.75 as of December 31, 2005 as of December 31,2005 Sation and Unit Expiration Date License Life (note 1,2) (note 1, 3) (note 1)

Hope Creek Unit No. I April 11, 2026 21 $465,476 $221,101 $338,920 ISalem Unit No. I August 13, 2016 11 $201,636 $146,186 $221,154 Salem Unit No.2 April 18,2020 15. $201,636 $126,023 $203,848 Peach Bottom Unit No.2 August 8,2033 28 $242,049 $129,093 $185,808 Peach Bottom Unit No.3 July 2,2034 29 $242,049 $125,059 $188,421

$1.352.846

, _, , $ 747,461 $1,138,152 note 1: Amounts represent PSEG Nuclear's share of funding and are In year 2004 dollars note 2: Funding Requirements calculated using guidance in Regulatory Guide 1.159 Revision I and Draft Regulatory Guide DG-1085 note 3: Accumulatd Funding = NRC Decommissioning Funding Requirements 40 year Licensed Life - Remaining Years to End of Operating License Life Requirements IAW I OCFR50.75 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 60 year Licensed Life - Remaining Years to End of Operating License Life Accumulated Funding = NRC Decommissioning Funding Requirements X Requirements* lAW 10CFR50.75 60 year Licensed Life NRC-2005 Annual Appendix A Revised

Retrieved from "https://kanterella.com/w/index.php?title=LR-N06-0249,_Units_2_and_3,_Nuclear_Facilities,_NRC_Decommissioning_Funding_Status_Report&oldid=2191277"