LR-N23-0006, Report on Status of Decommissioning Funding for Reactors and Independent Spent Fuel Storage Installations

Report on Status of Decommissioning Funding for Reactors and Independent Spent Fuel Storage Installations

ML23083A089
Person / Time
Site:	Peach Bottom, Salem, Hope Creek
Issue date:	03/24/2023
From:	Jennings J Public Service Enterprise Group
To:	Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation, Document Control Desk
References
LR-N23-0006
Download: ML23083A089 (1)

Text

PSEG Nuclear LLC P.O . Box 236, Hancocks Bridge, New Jersey 08038-0236 0 PSEG NuclearLLC 10 CFR 50.75(f)(1) 10 CFR 72.30(b)

LR-N23-0006 March 24, 2023 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555-0001 Hope Creek Generating Station Renewed Facility Operating License No. NPF-57 NRC Docket Nos. 50-354 and 72-48 Salem Generating Station, Units 1 and 2 Renewed Facility Operating License Nos. DPR-70 and DPR-75 NRC Docket Nos. 50-272, 50-311, and 72-48 Peach Bottom Atomic Power Station, Units 2 and 3 Renewed Facility Operating License Nos. DPR-44 and DPR-56 NRC Docket Nos. 50-277, 50-278 and 72-29

Subject:

Report on Status of Decommissioning Funding for Reactors and Independent Spent Fuel Storage Installations In accordance with 10 CFR 50.75, Reporting and recordkeeping for decommissioning planning, paragraph (f)(1), PSEG Nuclear LLC (PSEG) is submitting a report on the status of decommissioning funding for the reactors owned by PSEG. Additionally, in accordance with 10 CFR 72.30, Financial assurance and recordkeeping for decommissioning, paragraphs (b) and (c), PSEG is submitting a report on the status of decommissioning funding for the independent spent fuel storage installations (ISFSIs) owned by PSEG.

In accordance with 10 CFR 50.75(c), 50.75(e)(1)(i) and 50.75(f)(1), the estimated cost of decommissioning is based on the NRC formula cost amount calculated in accordance with 10 CFR 50.75(c) for each Part 50 licensed reactor, which PSEG provides financial assurance for using the prepayment method. Decommissioning costs for each sites ISFSI are based on a site-specific decommissioning cost estimate. PSEG has not made a final determination of the decommissioning option for any of its nuclear units. The information provided in the attachments shows that funding assurance for each facility met or exceeded NRC requirements for providing reasonable assurance that adequate funds will be available for decommissioning.

As of the end of calendar year 2022, PSEG has established separate subaccounts within the nuclear decommissioning trust consistent with NRC Regulatory Issue Summary (RIS) 2001-07, Revision 1, 10 CFR 50.75 Reporting and Recordkeeping for Decommissioning Planning, dated January 8, 2009 (ML083440158), and NUREG-1221, Summary, Analysis, and Response to

LR-N23-0006 10 CFR 50.75(f)(1)

Page 2 10 CFR 72.30(b)

Public Comments on Proposed Amendments to 10 CFR Parts 30, 40, 50, 51, 70, and 72, Decommissioning Criteria for Nuclear Facilities, issued June 1988 (ML18073A149), Section D.3.3.4 Prepayment. The purpose of these subaccounts is to accumulate funds intended for activities related to nuclear decommissioning costs defined by Treasury regulations under section 468A of the Internal Revenue Code (26 CFR Part 1), not limited to the definition of Decommission in 10 CFR 50.2. Therefore, the amounts allocable to these subaccounts are not included in the reported amounts. Funds that have previously been reported as dedicated for radiological decommissioning have not been repurposed. There were no withdrawals of funds from the trust since the last report, other than for decommissioning planning costs under 10 CFR 50.82(a)(8)(ii), and for ordinary administrative costs and other incidental expenses of the trust fund as described in 10 CFR 50.75(h)(1)(iv).

There are no regulatory commitments contained in this submittal. If you have any questions or require additional information, please contact Mr. Michael Wiwel at 856-339-7907.

Respectfully, Jennings, Digitally signed by Jennings, Jason Jason Date: 2023.03.21 13:34:39 -04'00' Jason Jennings Director - Site Regulatory Compliance PSEG Nuclear LLC Attachments:

1. Labor, Energy, and Burial Factors Used in Calculations (All Facilities)

2. Radiological Decommissioning Funding Assurance Report for Hope Creek Generating Station

3. Radiological Decommissioning Funding Assurance Report for Salem Generating Station, Unit 1

4. Radiological Decommissioning Funding Assurance Report for Salem Generating Station, Unit 2

5. Radiological Decommissioning Funding Assurance Report for Peach Bottom Atomic Power Station, Unit 2

6. Radiological Decommissioning Funding Assurance Report for Peach Bottom Atomic Power Station, Unit 3 cc: Administrator, Region I, NRC Project Manager, NRC NRC Senior Resident Inspector, Hope Creek NRC Senior Resident Inspector, Salem Ms. A. Pfaff, Manager, NJBNE PSEG Corporate Commitment Tracking Coordinator Site Commitment Tracking Coordinator

LR-N23-0006 Attachment 1 Labor, Energy, and Burial Factors Used in Calculations (All Facilities)

LR-N23-0006 Labor, Energy, and Burial Factors Used in Calculations (All Facilities)

The labor, energy, and burial indexes used are consistent with those described in NUREG-1307, Revision 19, Report on Waste Burial Charges, published February 2023.

The current labor cost indexes used are obtained from the Employment Cost Index, published by the U.S. Department of Labor, Bureau of Labor Statistics (BLS). Specifically, PSEG used the Employment Cost Index for total compensation for private industry workers by region. The labor adjustment factors were calculated according to Section 3.2 of NUREG-1307 using fourth quarter 2022 data updated as of February 2023. Table 1 shows the data used for this calculation.

Table 1: Labor Adjustment Factors Region Applicable Series ID 4Q2022 Base Labor Sites Index Lx Adjustment Number Factor (Lx)

Northeast Hope Creek CIU2010000000210I 157 2.16 3.3912 Salem Peach Bottom The current energy cost indexes used are obtained from Producer Price Indexes (PPI) -

Commodities, published by the U.S. Department of Labor, BLS. Specifically, PSEG used the PPI for industrial electric power (WPU0543) and light fuel oils (WPU0573). The energy adjustment factors were calculated according to Section 3.3 of NUREG-1307 using December 2022 data updated as of February 2023. Table 2 shows the data used for this calculation.

Table 2: Energy Adjustment Factors WPU0543 - January 1986 (base value) 114.2 WPU0573 - January 1986 (base value) 82.0 WPU0543 - December 2022 (preliminary value) 279.934 WPU0573 - December 2022 (preliminary value) 394.700 Industrial electric power adjustment factor - Px 2.451 Light fuel oil adjustment factor - Fx 4.813 Energy Adjustment Factor (PWR) - Ex(PWR) 3.443 Energy Adjustment Factor (BWR) - Ex(BWR) 3.538 The waste burial adjustment factors used are taken from Table 2-1 of NUREG-1307 based on 2022 data. The adjustment factors PSEG used assume a combination of compact-affiliated and non-compact facilities, consistent with current waste disposal practices at PSEG and consistent with typical waste disposal practices during decommissioning. Table 3 summarizes the data used for the calculation of the waste adjustment factors.

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LR-N23-0006 Table 3: Waste Adjustment Factors LLW Burial Site Reactor Applicable Combination Generators Type Site of Compact- Located in the Affiliated and Unaffiliated Non-Compact States and Disposal those Located Facilities in Compact-Waste Affiliated Adjustment States having Factor (Bx) no Disposal Facility Waste Adjustment Factor (Bx)

South Carolina Site BWR Hope Creek 15.550 N/A Atlantic Compact South Carolina Site PWR Salem 14.067 N/A Atlantic Compact Generic LLW BWR Peach Bottom N/A 12.296 Disposal Site The calculation methodology used for all adjustment factors is consistent with NUREG-1307, Revision 19.

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LR-N23-0006 Attachment 2 Radiological Decommissioning Funding Assurance Report for Hope Creek Generating Station

LR-N23-0006 Radiological Decommissioning Funding Assurance Report for Hope Creek Generating Station for Year Ending December 31, 2022 (December 31, 2022 dollars, thousands)

Formula cost amount per 10 CFR 50.75(c) $821,502 Note (a)

Site-specific cost amount per 10 CFR 72.30(b) $9,677 Note (a)

Note (b)

Note (f)

Amount of decommissioning funds accumulated in the trust $626,865 Note (c) as of December 31, 2022 Schedule of annual amounts remaining to be collected -None-Projected value of decommissioning funds $1,082,207 Note (d)

Assumptions used in funding projections 2% Note (e)

April 11,2046 Contracts relied upon pursuant to 10 CFR 50.75(e)(1)(v) -None-Modifications to current method of providing financial -None-assurance since the last submitted report Material changes to trust agreements -None-Notes:

(a) Amount is based on activities related to the definition of Decommission in 10 CFR 50.2 and does not include the cost of removal and disposal of spent fuel or of nonradioactive structures and materials beyond that necessary to terminate the license.

(b) The following statements specifically address the events defined in 10 CFR 72.30(c):

1. No spills of radioactive material producing additional residual radioactivity in onsite subsurface material have occurred.

2. Facility modifications have not had an effect on ISFSI decommissioning costs.

3. There were no changes in authorized possession limits.

4. No active decommissioning has occurred; thus, there have not been any actual remediation costs that exceed the previous cost estimate.

(c) Amount reported is the amount of funds accumulated for items included in 10 CFR 50.75(b) and (c). Consistent with NRC RIS 2001-07 Revision 1 and NUREG-1221 Section D.3.3.4, PSEG has established separate subaccounts within the trust to accumulate funds intended for activities related to the definition of nuclear decommissioning costs in 26 CFR 1.468A-1(b)(6), not limited to the definition of Decommission in 10 CFR 50.2. The amounts allocable to these subaccounts are not included in the reported amount.

(d) Amount taking credit for projected earnings on decommissioning funds up to the time of permanent termination of operations (shutdown) and taking pro-rata credit during the immediate dismantlement period as allowed by 10 CFR 50.75(e)(1)(i). Accounting for the 10 CFR 50.75(c) formula amount, the surplus is more than sufficient to fund the estimated ISFSI decommissioning costs.

(e) 2% annual real rate of return on decommissioning funds as allowed by 10 CFR 50.75(e)(1)(i).

For the purposes of this report, permanent termination of operations (shutdown) is expected on April 11, 2046.

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LR-N23-0006 Attachment 2 (f) The site-specific decommissioning funding plan was provided in a letter from Paul Duke, PSEG, to NRC, Decommissioning Funding Plan for Independent Spent Fuel Storage Installations, dated December 17, 2015 (ML15351A336). The detailed cost estimate was updated in 2021 and is provided below escalated at 3% annually to 2022 dollars:

Hope Creek Generating Station ISFSI Decommissioning Cost Estimate (thousands of 2022 dollars)

Burial Oversight LLRW Removal Packaging Transport Other Total Volume Craft and Disposal Costs Costs Costs Costs Costs Class A Manhours Contractor Costs (cubic feet) Manhours Activity Description Decommissioning Contractor Planning (characterization, specs and procedures) - - - - 398 398 - - 1,168 Decontamination (activated disposition) 393 280 781 2,499 - 3,953 61,344 3,583 -

License Termination (radiological surveys) - - - - 2,255 2,255 - 14,832 -

Subtotal 393 280 781 2,499 2,653 6,606 61,344 18,415 1,168 Supporting Costs NRC and NRC Contractor Fees and Costs - - - - 560 560 - - 1,153 Insurance - - - - 99 99 - - -

Property taxes - - - - 12 12 - - -

Plant energy budget - - - - 6 6 - - -

Barnwell Annual Access Fee - - - - 174 174 - - -

Security Staff Cost - - - - 132 132 - - -

Utility Staff Cost - - - - 152 152 - - 2,110 Subtotal - - - - 1,136 1,136 - - 3,263 Total (w/o contingency) 393 280 781 2,499 3,789 7,741 61,344 18,415 4,431 Total (w/25% contingency) 491 350 976 3,123 4,736 9,677 - - -

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LR-N23-0006 Attachment 3 Radiological Decommissioning Funding Assurance Report for Salem Generating Station, Unit 1

LR-N23-0006 Radiological Decommissioning Funding Assurance Report for Salem Generating Station, Unit 1 for Year Ending December 31, 2022 (December 31, 2022 dollars, thousands)

Formula cost amount per 10 CFR 50.75(c) $346,411 Note (a)

Site-specific cost amount per 10 CFR 72.30(b) $3,342 Note (a)

Note (b)

Note (f)

Amount of decommissioning funds accumulated in the trust $461,633 Note (c) as of December 31, 2022 Schedule of annual amounts remaining to be collected -None-Projected value of decommissioning funds $669,580 Note (d)

Assumptions used in funding projections 2% Note (e)

August 13, 2036 Contracts relied upon pursuant to 10 CFR 50.75(e)(1)(v) -None-Modifications to current method of providing financial -None-assurance since the last submitted report Material changes to trust agreements -None-Notes:

(a) Amount is prorated for PSEGs 57.41% ownership of Salem. Amount is based on activities related to the definition of Decommission in 10 CFR 50.2 and does not include the cost of removal and disposal of spent fuel or of nonradioactive structures and materials beyond that necessary to terminate the license.

(b) The following statements specifically address the events defined in 10 CFR 72.30(c):

1. No spills of radioactive material producing additional residual radioactivity in onsite subsurface material have occurred.

2. Facility modifications have not had an effect on ISFSI decommissioning costs.

3. There were no changes in authorized possession limits.

4. No active decommissioning has occurred; thus, there have not been any actual remediation costs that exceed the previous cost estimate.

(c) Amount reported is the amount of funds accumulated for items included in 10 CFR 50.75(b) and (c). Consistent with NRC RIS 2001-07 Revision 1 and NUREG-1221 Section D.3.3.4, PSEG has established within the trust separate subaccounts to accumulate funds intended for activities related to the definition of nuclear decommissioning costs in 26 CFR 1.468A-1(b)(6), not limited to the definition of Decommission in 10 CFR 50.2. The amounts allocable to these subaccounts are not included in the reported amount.

(d) Amount taking credit for projected earnings on decommissioning funds up to the time of permanent termination of operations (shutdown) and taking pro-rata credit during the immediate dismantlement period as allowed by 10 CFR 50.75(e)(1)(i). Accounting for the 10 CFR 50.75(c) formula amount, the surplus is more than sufficient to fund the estimated ISFSI decommissioning costs.

(e) 2% annual real rate of return on decommissioning funds as allowed by 10 CFR 50.75(e)(1)(i).

For the purposes of this report, permanent termination of operations (shutdown) is expected on August 13, 2036.

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LR-N23-0006 Attachment 3 (f) The site-specific decommissioning funding plan was provided in a letter from Paul Duke, PSEG, to NRC, Decommissioning Funding Plan for Independent Spent Fuel Storage Installations, dated December 17, 2015 (ML15351A336). The detailed cost estimate was updated in 2021 and is provided below escalated at 3% annually to 2022 dollars. The estimate is common for both Salem Units. The cost stated is one-half of total costs with contingency, prorated for PSEGs ownership share.

Salem Generating Station ISFSI Decommissioning Cost Estimate (thousands of 2022 dollars)

Burial Oversight LLRW Removal Packaging Transport Other Total Volume Craft and Disposal Costs Costs Costs Costs Costs Class A Manhours Contractor Costs (cubic feet) Manhours Activity Description Decommissioning Contractor Planning (characterization, specs and procedures) - - - - 509 509 - - 1,288 Decontamination (activated disposition) 458 326 900 2,889 - 4,573 71,319 4,175 -

License Termination (radiological surveys) - - - - 2,714 2,714 - 17,733 -

Subtotal 458 326 900 2,889 3,224 7,797 71,319 21,908 1,288 Supporting Costs NRC and NRC Contractor Fees and Costs - - - - 568 568 - - 1,153 Insurance - - - - 199 199 - - -

Property taxes - - - - 18 18 - - -

Plant energy budget - - - - 9 9 - - -

Barnwell Annual Access Fee - - - - 347 347 - - -

Security Staff Cost - - - - 175 175 - - 2,797 Utility Staff Cost - - - - 202 202 - - 2,197 Subtotal - - - - 1,517 1,517 - - 6,147 Total (w/o contingency) 458 326 900 2,889 4,741 9,314 71,319 21,908 7,435 Total (w/25% contingency) 572 407 1,125 3,612 5,926 11,642 - - -

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LR-N23-0006 Attachment 4 Radiological Decommissioning Funding Assurance Report for Salem Generating Station, Unit 2

LR-N23-0006 Radiological Decommissioning Funding Assurance Report for Salem Generating Station, Unit 2 for Year Ending December 31, 2022 (December 31, 2022 dollars, thousands)

Formula cost amount per 10 CFR 50.75(c) $346,411 Note (a)

Site-specific cost amount per 10 CFR 72.30(b) $3,342 Note (a)

Note (b)

Note (f)

Amount of decommissioning funds accumulated in the trust $389,223 Note (c) as of December 31, 2022 Schedule of annual amounts remaining to be collected -None-Projected value of decommissioning funds $604,831 Note (d)

Assumptions used in funding projections 2% Note (e)

April 18, 2040 Contracts relied upon pursuant to 10 CFR 50.75(e)(1)(v) -None-Modifications occurring to current method of providing -None-financial assurance since the last submitted report Material changes to trust agreements -None-Notes:

(a) Amount is prorated for PSEGs 57.41% ownership of Salem. Amount is based on activities related to the definition of "Decommission" in 10 CFR 50.2 and does not include the cost of removal and disposal of spent fuel or of nonradioactive structures and materials beyond that necessary to terminate the license.

(b) The following statements specifically address the events defined in 10 CFR 72.30(c):

1. No spills of radioactive material producing additional residual radioactivity in onsite subsurface material have occurred.

2. Facility modifications have not had an effect on ISFSI decommissioning costs.

3. There were no changes in authorized possession limits.

4. No active decommissioning has occurred; thus, there have not been any actual remediation costs that exceed the previous cost estimate.

(c) Amount reported is the amount of funds accumulated for items included in 10 CFR 50.75(b) and (c). Consistent with NRC RIS 2001-07 Revision 1 and NUREG-1221 Section D.3.3.4, PSEG has established within the trust separate subaccounts to accumulate funds intended for activities related to the definition of nuclear decommissioning costs in 26 CFR 1.468A-1(b)(6), not limited to the definition of Decommission in 10 CFR 50.2. The amounts allocable to these subaccounts are not included in the reported amount.

(d) Amount taking credit for projected earnings on decommissioning funds up to the time of permanent termination of operations (shutdown) and taking pro-rata credit during the immediate dismantlement period as allowed by 10 CFR 50.75(e)(1)(i). Accounting for the 10 CFR 50.75(c) formula amount, the surplus is more than sufficient to fund the estimated ISFSI decommissioning costs.

(e) 2% annual real rate of return on decommissioning funds as allowed by 10 CFR 50.75(e)(1)(i).

For the purposes of this report, permanent termination of operations (shutdown) is expected on April 18, 2040.

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LR-N23-0006 (f) The site-specific decommissioning funding plan was provided in a letter from Paul Duke, PSEG, to NRC, Decommissioning Funding Plan for Independent Spent Fuel Storage Installations, dated December 17, 2015 (ML15351A336). The detailed cost estimate was updated in 2021 and is provided in Attachment 3. The estimate is common for both Salem Units. The cost stated is one-half of total costs with contingency, prorated for PSEGs ownership share.

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LR-N23-0006 Attachment 5 Radiological Decommissioning Funding Assurance Report for Peach Bottom Atomic Power Station, Unit 2

LR-N23-0006 Radiological Decommissioning Funding Assurance Report for Peach Bottom Atomic Power Station, Unit 2 for Year Ending December 31, 2022 (December 31, 2022 dollars, thousands)

Formula cost amount per 10 CFR 50.75(c) $362,429 Note (a)

Site-specific cost amount per 10 CFR 72.30(b) $2,646 Note (a)

Note (b)

Note (f)

Amount of decommissioning funds accumulated in the trust $382,017 Note (c) as of December 31, 2022 Schedule of annual amounts remaining to be collected -None-Projected value of decommissioning funds $515,138 Note (d)

Assumptions used in funding projections 2% Note (e)

August 8, 2033 Contracts relied upon pursuant to 10 CFR 50.75(e)(1)(v) -None-Modifications to current method of providing financial -None-assurance since the last submitted report Material changes to trust agreements -None-Notes:

(a) Amount is prorated for PSEGs 50% ownership of Peach Bottom, Unit 2. Amount is based on activities related to the definition of Decommission in 10 CFR 50.2 and does not include the cost of removal and disposal of spent fuel or of nonradioactive structures and materials beyond that necessary to terminate the license.

(b) The following statements specifically address the events defined in 10 CFR 72.30(c):

1. No spills of radioactive material producing additional residual radioactivity in onsite subsurface material have occurred.

2. Facility modifications have not had an effect on ISFSI decommissioning costs.

3. There were no changes in authorized possession limits.

4. No active decommissioning has occurred; thus, there have not been any actual remediation costs that exceed the previous cost estimate (c) Amount reported is the amount of funds accumulated for items included in 10 CFR 50.75(b) and (c). Consistent with NRC RIS 2001-07 Revision 1 and NUREG-1221 Section D.3.3.4, PSEG has established within the trust separate subaccounts to accumulate funds intended for activities related to the definition of nuclear decommissioning costs in 26 CFR 1.468A-1(b)(6), not limited to the definition of Decommission in 10 CFR 50.2. The amounts allocable to these subaccounts are not included in the reported amount.

(d) Amount taking credit for projected earnings on decommissioning funds up to the time of permanent termination of operations (shutdown) and taking pro-rata credit during the immediate dismantlement period as allowed by 10 CFR 50.75(e)(1)(i). Accounting for the 10 CFR 50.75(c) formula amount, the surplus is more than sufficient to fund the estimated ISFSI decommissioning costs.

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LR-N23-0006 Attachment 5 (e) 2% annual real rate of return on decommissioning funds as allowed by 10 CFR 50.75(e)(1)(i).

For the purposes of this report, permanent termination of operations (shutdown) is expected on August 8, 2033. The subsequently renewed license was issued for an additional 20 years; however, the license expiration date has been reverted to 2033 until completion of the National Environmental Policy Act (NEPA) analysis as directed by NRC Memorandum and Order, CLI-22-04, dated February 24, 2022 (ML22055A557).

(f) The site-specific decommissioning funding plan was provided in a letter from Paul Duke, PSEG, to NRC, Decommissioning Funding Plan for Independent Spent Fuel Storage Installations, dated December 17, 2015 (ML15351A336). The detailed cost estimate was updated in 2021 and is provided below escalated at 3% annually to 2022 dollars. The estimate is common for Peach Bottom, Units 2 and 3. The cost stated is one-half of total costs with contingency, prorated for PSEGs ownership share.

Peach Bottom Atomic Power Station ISFSI Decommissioning Cost Estimate (thousands of 2022 dollars)

Burial Oversight LLRW Removal Packaging Transport Other Total Volume Craft and Disposal Costs Costs Costs Costs Costs Class A Manhours Contractor Costs (cubic feet) Manhours Activity Description Decommissioning Contractor Planning (characterization, specs and procedures) - - - - 462 462 - - 1,240 Decontamination (activated disposition) 307 194 1,925 2,156 - 4,582 55,194 2,375 -

License Termination (radiological surveys) - - - - 2,057 2,057 - 14,160 -

Subtotal 307 194 1,925 2,156 2,518 7,100 55,194 16,535 1,240 Supporting Costs NRC and NRC Contractor Fees and Costs - - - - 565 565 - - 1,153 Insurance - - - - 128 128 - - -

Property taxes - - - - 34 34 - - -

Plant energy budget - - - - 22 22 - - -

Security Staff Cost - - - - 269 269 - - 4,999 Utility Staff Cost - - - - 349 349 - - 3,792 Subtotal - - - - 1,366 1,366 - - 9,945 Total (w/o contingency) 307 194 1,925 2,156 3,885 8,466 55,194 16,535 11,185 Total (w/25% contingency) 383 242 2,406 2,695 4,856 10,583 - - -

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LR-N23-0006 Attachment 6 Radiological Decommissioning Funding Assurance Report for Peach Bottom Atomic Power Station, Unit 3

LR-N23-0006 Radiological Decommissioning Funding Assurance Report for Peach Bottom Atomic Power Station, Unit 3 for Year Ending December 31, 2022 (December 31, 2022 dollars, thousands)

Formula cost amount per 10 CFR 50.75(c) $362,429 Note (a)

Site-specific cost amount per 10 CFR 72.30(b) $2,646 Note (a)

Note (b)

Note (f)

Amount of decommissioning funds accumulated in the trust $377,884 Note (c) as of December 31, 2022 Schedule of annual amounts remaining to be collected -None-Projected value of decommissioning funds $518,893 Note (d)

Assumptions used in funding projections 2% Note (e)

July 2, 2034 Contracts relied upon pursuant to 10 CFR 50.75(e)(1)(v) -None-Modifications to current method of providing financial -None-assurance since the last submitted report Material changes to trust agreements -None-Notes:

(a) Amount is prorated for PSEGs 50% ownership of Peach Bottom, Unit 3. Amount is based on activities related to the definition of Decommission in 10 CFR 50.2 and does not include the cost of removal and disposal of spent fuel or of nonradioactive structures and materials beyond that necessary to terminate the license.

(b) The following statements specifically address the events defined in 10 CFR 72.30(c):

1. No spills of radioactive material producing additional residual radioactivity in onsite subsurface material have occurred.

2. Facility modifications have not had an effect on ISFSI decommissioning costs.

3. There were no changes in authorized possession limits.

4. No active decommissioning has occurred; thus, there have not been any actual remediation costs that exceed the previous cost estimate.

(c) Amount reported is the amount of funds accumulated for items included in 10 CFR 50.75(b) and (c). Consistent with NRC RIS 2001-07 Revision 1 and NUREG-1221 Section D.3.3.4, PSEG has established within the trust separate subaccounts to accumulate funds intended for activities related to the definition of nuclear decommissioning costs in 26 CFR 1.468A-1(b)(6), not limited to the definition of Decommission in 10 CFR 50.2. The amounts allocable to these subaccounts are not included in the reported amount.

(d) Amount taking credit for projected earnings on decommissioning funds up to the time of permanent termination of operations (shutdown) and taking pro-rata credit during the immediate dismantlement period as allowed by 10 CFR 50.75(e)(1)(i). Accounting for the 10 CFR 50.75(c) formula amount, the surplus is more than sufficient to fund the estimated ISFSI decommissioning costs.

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LR-N23-0006 (e) 2% annual real rate of return on decommissioning funds as allowed by 10 CFR 50.75(e)(1)(i).

For the purposes of this report, permanent termination of operations (shutdown) is expected on July 2, 2034. For the purposes of this report, permanent termination of operations (shutdown) is expected on July 2, 2034. The subsequently renewed license was issued for an additional 20 years; however, the license expiration date has been reverted to 2034 until completion of the National Environmental Policy Act (NEPA) analysis as directed by NRC Memorandum and Order, CLI-22-04, dated February 24, 2022 (ML22055A557).

(f) The site-specific decommissioning funding plan was previously provided in a letter from Paul Duke, PSEG, to NRC, Decommissioning Funding Plan for Independent Spent Fuel Storage Installations, dated December 17, 2015 (ML15351A336). The detailed cost estimate was updated in 2021 and is provided in Attachment 5. The estimate is common for Peach Bottom, Units 2 and 3. The cost stated is one-half of total costs with contingency, prorated for PSEGs ownership share.

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