ML030990545

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Decommissioning Financial Assurance Reports for Oconee, McGuire & Catawba Nuclear Stations
ML030990545
Person / Time
Site: Oconee, Mcguire, Catawba, McGuire  Duke Energy icon.png
Issue date: 03/31/2003
From: Tuckman M
Duke Energy Corp
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML030990545 (18)
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Text

rp 9EPowers Duke Duke Energy Corporation 526 South Church Street A Duke Energy Company PO B~ox 1006 Charlotte, NC 28201-1006 (704) 382-2200 OFFICE (704) 3824{360 FAX Michael S. Tuckman Ereculive Vice President NVuclear Generation March 31, 2003 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, DC 20555

Subject:

Decommissioning Financial Assurance Reports for Oconee, McGuire and Catawba Nuclear Stations Duke File Nos: OS-230.04, MC-1 199.04, and CN-1199.04 Enclosed are the required Decommissioning Financial Assurance reports pursuant to 10 CFR 50.75(f)(1) for Oconee, McGuire, and Catawba Nuclear Stations. The report contains the following information for each nuclear plant:

1. Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c).
2. Amount accumulated to the end of the calendar year preceding the date of the report.
3. Schedule of annual amounts remaining to be collected.
4. Assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
5. Contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75 (e)(1)(v).
6. Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.
7. Material changes to trust agreements.

If there are any questions, please contact Carl Council at (704) 382-7387.

Very Truly Yours, M. S. Tuckman, Executive Vice President Duke Energy Corporation Attachments

Document Control Desk March 31, 2003 Page 2 xc: (w/attachment)

L. A. Reyes Regional Administrator, Region II U. S. Nuclear Regulatory Commission Atlanta Federal Center 61 Forsyth St., SW, Suite 23T85 Atlanta, GA 30303-3415 Michael A. Dusaniwskyj U. S. Nuclear Regulatory Commission Mail Stop 0'2-D1 Washington, DC 20555-0001

Document Control Desk March 31, 2003 Page 3 bxc: (w/attachment)

NC Municipal Power Agency 1527 Meadowwood Blvd.

PO Box 29513 Raleigh, NC 27626-0513 Piedmont Municipal Power Agency 121 Village Drive Greer, SC 29651 Saluda River Electric Cooperative, Inc.

PO Box 929 Laurens, SC 29360 Mr. T. Richard Puryear Catawba Nuclear Station 4800 Concord Road York, SC 29745 M. S. Tuckman - EC07H D. T. Stratton - PB02L C. J. Council, Jr. - PB2MB L. F. Vaughn - EC1 1X G. D. Gilbert - CNOIRC M. T. Cash - ECO50 L. E. Nicholson - ON03RC C. J. Thomas - MGO1RC D. V. Keiser - EC05Z R. L. Carpenter - PBO1C T. W. Sherman - PB2MB K. T. Walker - PB03M ELL - ECO50 ONS Master File - ON03DM MNS Master File - MGO 1DM CNS Master File - CN04DM

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Duke Power Company Oconee Nuclear Station 100% Ownership Unit 1 Oconee Unit 1 1 The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c) $327,126,413 2 The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50 75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not Included in 10 CFR 50 75 (b) and (c)). $126,910,078 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remai'ing to be collected can include items beyond those required in 10 CFR 50 75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c)

Amount remaining $101,882,000

  1. years to collect 11 4 The assumptions used regarding escalation In decommissioning inflation - 4 5%

cost, rates of earnings on decommissioning funds, and rates of qualified rate of return - 5 90%

other factors used in funding projections, non-qualified rate of return - 5 50%

5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50 75(e)(1)(v) N/A 6 Any modifications to a licensee's current mnethod providing financial assurance occurring since the last submitted report N/A

7. Any material changes to trust agreements.

Glenmede's international equity professionals have formed a financial partnership with Glenmede to continue providing international equity investment management as Philadelphia International Advisors LLC.

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Duke Power Company Oconee Nuclear Station 100% Ownership Unit 2 Oconee Unit 2 1 The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c) $327.1 26,413 2 The amount accumulated at the end of the calendar year preceding the date of the report for items included In 10 CFR 50 75 (b) and (c). (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50 75 (b) and (c)). $133,276,077 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 50.75 (b) and (c). (Aftematively, the annual amounts remaining to be collected can Include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).

Amount remaining $112,926,000

  1. years to collect 11 4 The assumptions used regarding escalation in decommissioning inflation - 4 5%

cost, rates of earnings on decommissioning funds, and rates of qualified rate of return - 5.90%

other factors used in funding projections; non-qualified rate of return - 5 50%

5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50 75(e)(1)(v) N/A 6 Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report. NIA

7. Any material changes to trust agreements Glenmede's intemational equity professionals have formed a financial partnership with Glenmede to continue providing international equity investment management as Philadelphia Intemational Advisors LLC.

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Duke Power Company Oconee Nuclear Station 100% Ownership Unit 3 Oconee Unit 3 1 The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c) $327,126,413

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50 75 (b) and (c) (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50 75 (b) and (c)). $162,837,596 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50 75 (b) and (c) If the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c)

Amount remaining $147,924,000

  1. years to collect 12
4. The assumptions used regarding escalation In decommissioning inflation - 4 5%

cost, rates of earnings on decommissioning funds, and rates of qualified rate of return - 5.90%

other factors used in funding projections, non-qualified rate of return - 5.50%

5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50 75(e)(1)(v) N/A 6 Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report N/A

7. Any material changes to trust agreements.

Glenmede's international equity professionals have formed a financial partnership with Glenmede to continue providing international equity investment management as Philadelphia International Advisors LLC.

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Duke Power Company McGuire Nuclear Station 100% Ownership Unit 1 McGuire Unit 1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c) $356,416,200
2. The amount accumulated at the end of the calendar year preceding the date of the report for items Included in 10 CFR 50 75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate Is for items not Included In 10 CFR 50.75 (b) and (c)) $128,538,800 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 50 75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include Items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c)

Amount remaining $203,148,000

  1. years to collect 19
4. The assumptions used regarding escalation in decommissioning inflation - 4 5%

cost, rates of earnings on decommissioning funds, and rates of qualified rate of return - 5 90%

other factors used in funding projections, non-qualified rate of return - 5 50%

5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v). N/A 6 Any modifications to a licensee's current method providing N/A financial assurance occurnng since the last submitted report

7. Any material changes to trust agreements Glenmede's International equity professionals have formed a financial partnership with Glenmede to continue providing international equity investment management as Philadelphia International Advisors LLC.

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Duke Power Company McGuire Nuclear Station 100% Ownership Unit 2 McGuire Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c) $356,416,200 2 The amount accumulated at the end of the calendar year preceding the date of the report for Items included in 10 CFR 50.75 (b) and (c). (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not Included in 10 CFR 50 75 (b) and (c)). $131,653,864
3. A schedule of the annual amounts remaining to be collected, for items in 10 CFR 5075 (b) and (c) (Altematively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for Items that are not included In 10 CFR 50.75 (b) and (c).

Amount remaining $240,576,000

  1. years to collect 21 4 The assumptions used regarding escalation In decommissioning inflation - 4 5%

cost, rates of earnings on decommissioning funds, and rates of qualified rate of return - 5 90%

other factors used in funding projections, non-qualified rate of return - 5 50%

5 Any contracts upon which the licensee Is relying pursuant to 10 CFR 50.75(e)(1)(v). WA 6 Any modifications to a licensee's current method providing N/A financial assurance occurring since the last submitted report

7. Any material changes to trust agreements Glenmede's international equity professionals have formed a financial partnership with Glenmede to continue providing international equity investment management as Philadelphia International Advisors LLC.

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Duke Power Company Catawba Nuclear Station 12.5% Ownership Unit 1 Catawba Unit 1 1 The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c) $43,991,851

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50 75 (b) and (c)) $14,650,047 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for iems that are not included in 10 CFR 50.75 (b) and (c)

Amount remaining $25,542,000

  1. years to collect 22
4. The assumptions used regarding escalation in decommissioning inflation - 4 5%

cost, rates of earnings on decommissioning funds, and rates of qualified rate of return - 5.90%

other factors used in funding projections; non-qualified rate of return - 5 50%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50 75(e)(1)(v). N/A 6 Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report N/A
7. Any matenal changes to trust agreements Glenmede's international equity professionals have formed a financial partnership with Glenmede to continue providing international equity investment management as Philadelphia International Advisors LLC

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Duke Power Company Catawba Nuclear Station 12.5% Ownership Unit 2 Catawba Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c) $43,991,851
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in10 CFR 50 75 (b) and (c)) $15,923,177 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 5075 (b) and (c). (Altematively, the annual amounts remaining to b3 collected can include items beyond those required in 10 CFR 50.7E (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate Is for items that are not included in 10 CFR 50 75 (b) and (c).

Amount remaining $31,344,000

  1. years to collect 24
4. The assumptions used regarding escalation in decommissioning inflation - 4 5%

cost, rates of earnings on decommissioning funds, and rates of qualified rate of return - 5.90%

other factors used in funding projections, non-qualified rate of return - 5 50%

5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50 75(e)(1)(v) N/A 6 Any modifications to a licensee's current method providing financial assurance occurnng since the last submitted report N/A

7. Any material changes to trust agreements Glenmede's international equity professionals have formed a financial partnership with Glenmede to continue providing international equity investment management as Philadelphia International Advisors LLC

NRC Decommissioning Funding Status Report Report Date March 31, 2003 North Carolina Electric Membership Corporation Catawba Nuclear Station 28.125% Ownership Unit 1 Catawba Unit 1 1 The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c). $98,981,662

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c) (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50 75 (b) and (c)) $27,995,927 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 50.75 (b) and (c) (Altematively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50 75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50 75 (b) and (c).

Amount remaining $59,620,000

  1. years to collect 22
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections, inflation - 3 0%

rate of return - 6 5%

5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50 75(e)(1)(v) N/A 6 Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report. N/A 7 Any matenal changes to trust agreements N/A

NRC Decommissioning Funding Status Report Report Date March 31, 2003 North Carolina Electric Membership Corporation Catawba Nuclear Station 28.125% Ownership Unit 2 Catawba Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c). $98,981,662
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included In 10 CFR 50 75 (b) and (c)) $27,995,927
3. A schedule of the annual amounts remaining to be collected; for items In 10 CFR 50.75 (b) and (c) (Altematively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50 75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c)

Amount remaining $59,620,000

  1. years to collect 24 4 The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections, inflation - 3 0%

rate of return - 6 5%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v) NIA
6. Any modifications to a licensee's current method providing financial assurance occurnng since the last submitted report. NIA
7. Any material changes to trust agreements. NIA

NRC Decommissioning Funding Status Report Report Date March 31, 2003 North Carolina Municipal Power Agency 1 Catawba Nuclear Station 37.5% Ownership Unit 1 Catawba Unit I 1 The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c) $130,061,138 2 The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50 75 (b) and (c). (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and Indicates what portion of that estimate is for items not Included in 10 CFR 50.75 (b) and (c)). $66,942,808

3. A schedule of the annual amounts remaining to be collected, for iRems in 10 CFR 50 7S (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) If the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included In 10 CFR 50 75 (b) and (c)

Amount remaining $38,628,250

  1. years to collect 22
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections; inflation - 4 0%

rate of return - 6 0%

5 Any contracts upon which the licensee Is relying pursuant to 10 CFR 50.75(e)(1)(v). N/A 6 Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report NIA

7. Any matenal changes to trust agreements NIA

NRC Decommissioning Funding Status Report Report Date March 31, 2003 North Carolina Municipal Power Agency 1 Catawba Nuclear Station 37.5% Ownership Unit 2 Catawba Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c). $130,061,138 2 The amount accumulated at the end of the calendar year preceding the date of the report for items Included in 10 CFR 50.75 (b) and (c) (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)) $63,981,697 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 50.75 (b) and (c) (Altematively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included In 10 CFR 50.75 (b) and (c)

Amount remaining $41,804,515

  1. years to collect 24
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections, inflation - 4.0%

rate of return - 6 0%

5 Any contracts upon which the licensee Is relying pursuant to 10 CFR 50 75(e)(1)(v). N/A 6 Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report N/A

7. Any matenal changes to trust agreements W/A

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Piedmont Municipal Power Agency (PMPA)

Catawba Nuclear Station 12.5% Ownership Unit 1 Catawba Unit 1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c) $43,991,851 2 The amount accumulated at the end of the calendar year prec6ding the date of the report for Items included in 10 CFR 50 75 (b) and (c) (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate Is for items not included in 10 CFR 50 75 (b) and (c)). $18,657,761
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate Is for items that are not included in 10 CFR 50 75 (b) and (c).

Amount remaining $20,770,831

  1. years to collect 22
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections, inflation - 4 5%

rate of return - 6 5%

5. Any contracts upon which the licensee Is relying pursuant to 10 CFR 50.75(e)(1)(v) N/A
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report N/A
7. Any material changes to trust agreements. NIA

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Piedmont Municipal Power Agency (PMIPA)

Catawba Nuclear Station 12.5% Ownership Unit 2 Catawba Unit 2 1 The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c). $43,991,851

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50 75 (b) and (c) (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50 75 (b) and (c)) $18,726,235 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 50 75 (b) and (c). (Altematively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) If the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50 75 (b) and (c)

Amount remaining $22,122,253

  1. years to collect 24
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used In funding projections; inflation - 4 5%

rate of return - 6 5%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50 75(e)(1)(v) NWA
6. Any modifications to a licensee's current method providing financial assurance occurnng since the last submitted report N/A
7. Any material changes to trust agreements N/A

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Saluda River Electric Cooperative, Inc.

Catawba Nuclear Station 9.375% Ownership Unit 1 Catawba Unit 1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50 75 (b) and (c) $32,993,888 2 The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and Indicates what portion of that estimate Is for items not included in 10 CFR 50.75 (b) and (c)). $25,362,698 3 A schedule of the annual amounts remaining to be collected, for items in 10 CFR 50 75 (b) and (c). (Altematively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50 75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not Included In 10 CFR 50.75 (b) and (c)

Amount remaining $0

  1. years to collect 22
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used In funding projections, inflation - 4 5%

rate of return - 6 5%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50 75(e)(1)(v) NIA
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report. N/A
7. Any matenal changes to trust agreements N/A

NRC Decommissioning Funding Status Report Report Date March 31, 2003 Saluda River Electric Cooperative, Inc.

Catawba Nuclear Station 9.375% Ownership Unit 2 Catawba Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c). $32,993,888
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50 75 (b) and (c). (Altematively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here If the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)) $24,931,986
3. A schedule of the annual amounts remaining to be collected, for Items in 10 CFR 50.75 (b) and (c) (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).

Amount remaining $0

  1. years to collect 24 4 The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections, Inflation - 4 5%

rate of return - 6.5%

5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50 75(e)(1)(v). N/A 6 Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report. N/A

7. Any material changes to trust agreements N/A
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