ML050840028
| ML050840028 | |
| Person / Time | |
|---|---|
| Site: | Vogtle  |
| Issue date: | 02/03/2005 |
| From: | Hinson W Georgia Power Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML050840028 (5) | |
Text
Enclosure I Georgia Power Company letter dated February 3, 2005
W. R. (Ron) Hinson, CPA, CMA Bin 10120 Vice President, Comptroller 241 Ralph McGill Boulevard NE and Chief Accounting Officer Atlanta, Georgia 30308-3374 Tel 404.506.6641 Fax 404.506.3128 wrhinson~southernco.com GEORGIANWA POWER February 3, 2005 A SOUTHERN COMPANY Docket Nos.: 50424 50425 U. S. Nuclear Regulatory Commission ATIN: Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
Dear 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 on March 31, 1999, and every two years thereafter. Accordingly, Georgia Power Company (GPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units I and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf of GPC.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning of the Vogtle Electric Generating Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses NPF-68 and NPF-8 1.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted, GEORGIA POWER COMPANY, by, rrxvs ares I 0 Enclosure
U. S. Nuclear Regulatory Commission Page 2 cc: Southern Nuclear Operating Company Mr. D. E. Grissette, Vice President - Vogtle U. S. Nuclear Regulatorv Commission Mr. C. Gratton, NRR Licensing Project Manager - Vogtle Dr. W. D. Travers, Regional Administrator Mr. G. J. McCoy, Senior Resident Inspector - Vogtle
Enclosure Vogtle Electric Generating Plant Georgia Ownership Power Company Percentage - 45.7%
10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 1
The NRC minimum decommissioning estimate,
$ 165,226,000 2
$ 165,226,000 2 pursuant to 10 CFR 50.75(b) and (c). 1 2
The amount accumulated at the end of the
$ 81,317,244
$ 84,146,148 calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c).
3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected; for items in 10 CFR 50.75(b) and (c).
4 The assumptions used regarding:
Per GPSC Docket 18300-U Per GPSC Docket 18300-U (a) rates of escalation in decommissioning 3.11%
3.11%
costs; (b) rates of earnings on decommissioning 5.11%
5.11%
funds; (c) real rate of return; and 2.00%
2.00%
(d) rates of other factors used in funding None None projections.
5 Any contracts upon which the licensee is relying None None pursuant to 10 CFR 50.75(e)(1)(v).
6 Any modifications to a licensee's current method No modifications since the No modifications since the of providing financial assurance occurring since last report. Funding is to an last report. Funding is to an the last submitted report.
External Sinking Fund with External Sinking Fund with the source of funds from the source of funds from Traditional Cost of Service Traditional Cost of Service ratemaking as ordered by the ratemaking as ordered by the GPSC in Docket 18300-U.
GPSC in Docket 18300-U.
7 Any material changes to trust agreements.
None None NOTES:
The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on-site until transfer to DOE are not included in the cost formulas.
2 This number is based on NUREG-1 307, Rev. 10, for the burial factor (Option 2) and the December 2003 values for labor and energy factors.
Attachment I Schedule of Annual Amounts Included in Current Rates (Dollars in Thousands)
Plant Vogtle VOGTLE 1 BEG OF END OF YEAR FUND FUND YEAR FUND BAL EARNINGS CONTRIB FUND BAL 2004 81,317 2005 81,317 4,202 1,147 86,666 2006 86,666 4,567 3,377 94,610 2007 94,610 4,972 3,377 102,959 2008 102,959 5,399 3,377 111,735 2009 111,735 5,847 3,377 120,959 2010 120,959 6,319 3,377 130,655 2011 130,655 6,814 3,377 140,846 2012 140,846 7,335 3,377 151,558 2013 151,558 7,883 3,377 162,818 2014 162,818 8,458 3,377 174,653 2015 174,653 9,062 3,377 187,092 2016 187,092 9,698 3,377 200,167 2017 200,167 10,366 3,377 213,910 2018 213,910 11,069 3,377 228,356 2019 228,356 11,807 3,377 243,540 2020 243,540 12,583 3,377 259,500 2021 259,500 13,398 3,377 276,275 2022 276,275 14,255 3,377 293,907 2023 293,907 15,156 3,377 312,440 2024 312,440 16,103 3,377 331,920 2025 331,920 17,099 3,377 352,396 2026 352,396 18,145 3,377 373,918 2027 373,918 19,109 39 393,066 2028 2029 VOGTLE 2 BEG OF END OF YEAR FUND FUND YEAR FUND BAL EARNINGS CONTRIB FUND BAL l _
l 84,146 84,146 4,329 725 89,201 89,201 4,701 3,503 97,405 97,405 5,121 3,503 106,029 106,029 5,561 3,503 115,093 115,093 6,024 3,503 124,620 124,620 6,511 3,503 134,634 134,634 7,022 3,503 145,159 145,159 7,560 3,503 156,222 156,222 8,126 3,503 167,851 167,851 8,720 3,503 180,074 180,074 9,345 3,503 192,922 192,922 10,001 3,503 206,426 206,426 10,691 3,503 220,620 220,620 11,416 3,503 235,539 235,539 12,179 3,503 251,221 251,221 12,980 3,503 267,704 267,704 13,822 3,503 285,029 285,029 14,707 3,503 303,239 303,239 15,638 3,503 322,380 322,380 16,616 3,503 342,499 342,499 17,645 3,503 363,647 363,647 18,725 3,503 385,875 385,875 19,861 3,503 409,239 409,239 21,054 3,503 433,796 433,796 22,169 59 456,024 Beginning Net Projected Balance Earnings Funding Total 84,146 290,524 81,353 456,023 Beginning Net Projected Balance Earnings Funding Total 81,317 239,646 72,103 393,066