ML030840219
| ML030840219 | |
| Person / Time | |
|---|---|
| Site: | Davis Besse  |
| Issue date: | 03/21/2003 |
| From: | Saunders R FirstEnergy Nuclear Operating Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| 2835 | |
| Download: ML030840219 (5) | |
Text
FENOC FirstEnergy Nuclear Operating Company 76 South Main Street Akron, Ohio 44308 Robert F. Saunders President 330-384-2415 Fax 330-384-5909 March 21, 2003 CERTIFIED MAIL Return Receipt Requested Serial Number: 2835 (Davis Besse)
United States Nuclear Regulatory Commission Document Control Desk Washington, D.C. 20555-0001 Davis Besse Power Station, Unit 1 Docket No 50-346 RE: Decommissioning Reports for the Davis-Besse Nuclear Power Station, Unit 1 Ladies and Gentlemen Pursuant to 10 CFR 50.75(f)(1), FirstEnergy Corp is hereby submitting the Decommissioning Reports for the Davis-Besse Nuclear Power Station, Unit I for the year ending December 31, 2002.
If you have questions or require additional information, please contact Mr. R Terry Conlin, Sr. Business Analyst at 330-384-4605.
Very truly yours, President Attachments cc: NRC Region III Administrator NRC Resident Inspector for Davis-Besse Nuclear Power Station NRC Project Manager for Davis-Besse Nuclear Power Station Uitlity Radiological Board Kevin Spencer Davis-Besse Nuclear Power Station Patrick McCloskey, Manager-Regulatory Affairs - Davis-Besse Nuclear Power Station Dale Wuokko, Supervisor Regulatory Compliance - Davis-Besse Nuclear Power Station R I. Parrish - FE Reading M E O'Reilly (w/o attachments)
E J. Sitarz (w/o attachments)
D. C. Perrine (w/o attachments)
AI(Vb/
T-k -
NRC Decommissioning Funding Status Report Davis-Besse Nuclear Power Station, Unit 1 As of December 31, 2002 (Note:
This report reflects FirstEnergy Corp.'s consolidated share of ownership interest in Davis-Besse Nuclear Power Station, Unit 1).
- 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c) (see Schedule 1):
Cleveland Electric Illuminating Company
$175,675,405 Toledo Edison Company 166,238,579 FirstEnergy Consolidated
$341,913.984
- 2. The amount accumulated in external trust funds at December 31, 2002:
Cleveland Electric Illuminating Company
$100,393,916 Toledo Edison Company 95,967,912 FirstEnergy Consolidated
$196,361.828
- 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers is attached as Schedule 2.
- 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:
Consolidated Ownership Interest in Unit 100%
Funds Earnings Rate Through Dismantlement 5.80%
Decommissioning Cost Inflation Rate 3.80%
Year of License Termination 2017 Year of Final Dismantlement 2024
- 5. There are no contracts upon which FirstEnergy Corp. is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 6. Due to the passage of the Ohio Electric Utility Industry Restructuring Bill, FirstEnergy Corp.'s subsidiaries, Cleveland Electric Illuminating Company and Toledo Edison Company, have accelerated the timing of the contributions to the external trust. The contributions pertaining to Public Utility Commission of Ohio will be collected from ratepayers through 2005 while Toledo Edison contributions pertaining to FERC will be collected through March 2017.
- 7. There were no material changes with respect to the trust agreements during the year ended December 31, 2002.
Schedule 1 Page 1 of 2 CLEVELAND ELECTRIC ILLUMINATING COMPANY Calculation of Minimum Financial Assurance Amount for December 2002 DAVIS-BESSE NUCLEAR POWER STATION, UNIT 1 Ohio Regions Labor (L) = Midwest Energy (E) = National Waste Burial (B) = South Carolina Adjustment Factor 1.860 1.140 9.467 Ratio 0.65 0.13 0.22 PWR Escalation Factor =
Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,772)
($75 + 0.0088(2,772)) million =
Escalated Amount for unit = 99,393,600 x 3.440 =
Escalated Amount for Cleveland Electric Illuminating Company's ownership interest (51.38 %) in the unit:
$341,913,984 x
51.38%
=
$175,675,405 for De Escalation Factor 1.209 0.148 2.083 3.440
$99,393,600
$341,913,984
.cember 2002
Schedule 1 Page 2 of 2 TOLEDO EDISON COMPANY Calculation of Minimum Financial Assurance Amount for December 2002 DAVIS-BESSE NUCLEAR POWER STATION, UNIT 1 Ohio Regions Labor (L) = Midwest Energy (E) = National Waste Burial (B) = South Carolina For PWR Unit L=
E=
B=
Adjustment Factor 1.860 1.140 9.467 Ratio 0.65 0.13 0.22 PWR Escalation Factor =
Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2,772)
Escalation Factor 1.209 0.148 2.083 3.440
($75 + 0.0088(2,772)) million =
$99,393,600 Escalated Amount for unit = 99,393,600 x 3.440 =
$341,913,984 Escalated Amount for Toledo Edison Company's ownership interest (48.62 %) in the unit:
$166,238,579 for December 2002
$341,913,984 x
48.62%
Schedule 2 Page 1 of 1 NRC Decommissioning Funding Status Report Schedule of Annual Amounts Remaining to be Collected FirstEnergy Corp.
Davis Besse Annual Amounts Collected Cleveland Toledo Electric Edison 14,992,124 13,979,190 14,992,124 13,979,190 14,992,124 13,979,190 294,731 294,731 294,731 294,731 294,731 294,731 294,731 294,731 294,731 294,731 294,731 98,244 FirstEnergy Consolidated 28,971,314 28,971,314 28,971,314 294,731 294,731 294,731 294,731 294,731 294,731 294,731 294,731 294,731 294,731 294,731 98,244 Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Total 44,976,372 45,277,855 90,254,227