ML033030567
| ML033030567 | |
| Person / Time | |
|---|---|
| Site: | Hatch  |
| Issue date: | 10/08/2003 |
| From: | Appleby A Oglethorpe Power Corp |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML033030567 (3) | |
Text
ENCLOSURE 3
(
- d OglethorpePower Oglethorpe Power Corporation 2100 East Exchange Place Tucker, GA 30084-5336 phone 770-270-7600 fax 770-270-7872 An Electric Membership Cooperative October 8, 2003 Docket Nos.:
50-321 50-366 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D. C. 20555-0001 Edwin 1. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1!
Ladies and Gentlemen:
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning March 31, 1999, and every two years thereafter.
Accordingly, Southern Nuclear Operating Company (Southern Nuclear) holds operating licenses DPR-7 and NPF-5 for the Edwin 1. Hatch Nuclear Plant and submitted the required information on behalf of Oglethorpe Power Corporation by letter dated March 26, 2003. Subsequently, Southern Nuclear received the following request for additional information from the NRC on September 10, 2003.
a In regards to the Biennial Decommissioning Trust Reportsfiled by Southern Company on behalfof the licenses it owns under the NRC, staff requires clarification in the form of a declarative statement as to the Real Rate of Interest used by Southern Company, in its forecast offuture payments to the individual Decommissioning Trust Funds for each license. Although staff is able to imply the Real Rate of Interest by taking the nominal rate of interest and subtracting from it the tax rate and escalation, it has been determined that a declaring statement be made by Southern Company is necessary to comply with 10 CFR 50. 75(0(1).
- b. If the Real Rate of Interest is greater than 2%, then an accompanying statement indicating that a higher Real Rate of Interest is authorized by the licensees regulatory authority must be made (i.e., state public utility commission)
The real rate of interest used by Oglethorpe Power Corporation for the Edwin 1. Hatch Nuclear Plant Decommissioning Trust Fund is 3.28% for both Unit I and Unit 2 as approved by Oglethorpe Power Corporation's Board of Directors on November 14, 2001.
O A member of the National Rural Electric Cooperative Association
U. S. Nuclear Regulatory Commission Log:
Page 2 This letter contains no NRC commitments. If you have any questions, please advise.
Sincerely, Anne F. Appleby Vice President, Finance Oglethorpe Power Corporation