ML030860297
| ML030860297 | |
| Person / Time | |
|---|---|
| Site: | San Onofre  |
| Issue date: | 03/25/2003 |
| From: | Scherer A Southern California Edison Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML030860297 (3) | |
Text
SA SOUTHERN CALIFORNIA EDISON An EDISON INTERNATIONAL9 Company A. Edward Scherer Manager of Nuclear Regulator3 Affairs March 25, 2003 U. S. Nuclear Regulatory Commission Document Control Desk Washington, D.C. 20555
Subject:
Docket Nos. 50-361 and 50-362 10 CFR 50.75(f)(1) Decommissioning Funding Report San Onofre Nuclear Generating Station Units 2 and 3 Gentlemen:
As required by 10 CFR 50.75(f)(1), this letter provides the status of the decommissioning funding for San Onofre Units 2 and 3 as of December 31, 2002. The required information is provided in the enclosure for Southern California Edison (SCE), San Diego Gas &
Electric and the Cities of Anaheim and Riverside. Based on the requirements in 10 CFR 50.75(f)(1), reporting of this information for San Onofre Units 2 and 3 is on a biennial basis.
If you should have any questions regarding this matter, please feel free to contact me.
Sincerely, Enclosure cc:
E. W. Merschoff, Regional Administrator, NRC Region IV B. M. Pham, NRC Project Manager, San Onofre Units 2 and 3 R. S. Wood, NRC/DRPM/PGEB C. C. Osterholtz, NRC Senior Resident Inspector, San Onofre Units 2 and 3 P.O. Box 128 San Clemente, CA 92674-0128 949-368-7501 Fax 949-368-7575 AobI
San Onofre Nuclear Generating Station Units 2 and 3 Decommissioning Funding Status Report Provided below is the information required by 10 CFR 50.75(f)(1) for San Onofre Units 2 and 3. This information is reported every other year for San Onofre Units 2 and 3 as required for operating plants.
All dollar amounts are in 2002 dollars, and the owners are reported as follows:
Southern California Edison (SCE)
San Diego Gas & Electric (SDG&E)
City of Anaheim (Anaheim)
City of Riverside (Riverside) 75.05 %
20.00 %
3.16%
1.79 %
- 1) The decommissioning fund estimated to be required pursuant to 10 CFR 50.75(b) and (c) is the following:
a) The minimum amount calculated by the method prescribed by 10 CFR 50.75(c).
San Onofre Unit 2
$ 367.9 million San Onofre Unit 3
$ 367.9 million b) The San Onofre Units 2 and 3 site-specific estimate (1) (4) for decommissioning includes the following radiological decommissioning costs associated with terminating the site license:
San Onofre Unit 2
$ 731.0 million San Onofre Unit 3
$ 658.5 million
- 2) The amount accumulated at the end of calendar year 2002 (net of estimated capital gains taxes) is:
Owner SCE SDG&E (2)
Anaheim (2)
Riverside (2)
TOTAL San Onofre Unit 2
$ 601,162,000
$ 155,746,000 40,117,000 16,445,000
$ 813,470,000 San Onofre Unit 3
$ 753,308,000
$ 202,282,000 43,732,000 20,106,000
$1,019,428,000
- 3) The annual amounts being collected are:
Owner SCE (3)(4)
SDG&E (2)(4)
Anaheim (2)
Riverside (2)
TOTAL San Onofre Unit 2
$ 7,089,000
$ 3,264,000
$ 1,985,000 901,000
$13,239,000 San Onofre Unit 3
$ 4,707,000
$ 1,664,000
$ 2,015,000 680,000
$ 9,066,000 Page 1 of 2
San Onofre Nuclear Generating Station Units 2 and 3 Decommissioning Funding Status Report Each owner either (A) recovers, directly or indirectly, the estimated total cost of decommissioning through rates established by "cost of service" or similar rate making regulation, including entities that establish their own rates and are able to recover their cost of service allocable to decommissioning, or (B) has as its source of revenues for its external sinking fund a "non-bypassable charge," the total amount of which, with earnings, provides the funds estimated to be needed for decommissioning.
- 4) The composite escalation rates for San Onofre Units 2 and 3 Decommissioning are forecast as follows:
Burial Costs 10.00 %
Other Costs 3.02 %
The composite escalation rate is 5.02% for all costs.
- 5) The investment rates of return for the Decommissioning Trust Funds forecast by each owner are the following:
Owner Return on Investment SCE (4) 6.13%
SDG&E (2)
(41 5.17%
Anaheim (2) 4.00 %
Riverside (2) 5.00 %
The composite investment rate of return is 5.82 %. The composite investment rate of return less the composite escalation rate yields a composite real earnings rate less than the 2 % real rate of return allowed under 10 CFR 50.75(e)(1)(ii).
- 6) None of the owners of San Onofre Units 2 and 3 are relying on any contracts for the purposes of providing decommissioning funding pursuant to 10 CFR 50.75(e)(1)(v). There have been no modifications to the method of providing financial assurance and no material changes to the trust agreements since the March 30, 2001 decommissioning fund report for San Onofre Units 2 and 3.
Notes: (1) The site-specific decommissioning cost estimate for San Onofre Units 2 and 3 that was provided to the California Public Utilities Commission (CPUC) on March 21, 2002, includes the radiological costs associated with terminating the site license, non-radiological costs, and fuel storage costs.
(2) SCE is submitting information with respect to its co-owners, SDG&E and the Cities of Anaheim and Riverside, on their behalf, and they are primarily responsible for the completeness and accuracy of their respective information.
(3) SCE recommended to the CPUC in the March 21, 2002 filing that the current contribution revenue requirement for decommissioning remain unchanged.
(4) As of the date of this letter, CPUC has not approved the March 21, 2002 filing.
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