ML050840057
| ML050840057 | |
| Person / Time | |
|---|---|
| Site: | Hatch  (DPR-057, NPF-005) |
| Issue date: | 02/03/2005 |
| From: | Hinson W Georgia Power Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML050840057 (5) | |
Text
Enclosure 1 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 wrhinsonlasouthernco.com GEORGIAAA February 3, 2005 POWER A SOUTHERN COMPANY Docket Nos.: 50-321 50-366 U. S. Nuclear Regulatory Commission ATMN: Document Control Desk Washington, D.C. 20555 Edwin I. Hatch Nuclear 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. Georgia Power Company (GPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses DPR-7 and NPF-5 issued for Edwin I. Hatch Nuclear Plant Unit I and 2, respectively.
Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Edwin I. Hatch Nuclear 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 the Edwin I. Hatch Nuclear 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 DPR-7 and NPF-5.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted, GEORGIA POWER COMPANY, by,
/WVS Enclosure
U. S. Nuclear Regulatory Commission Page 2 cc: Southern Nuclear Operating Company Mr. H. L. Sumner, Vice President - Hatch U. S. Nuclear Regulatory Commission Mr. C. Gratton, NRR Licensing Project Manager - Hatch Dr. W. D. Travers, Regional Administrator Mr. D. S. Simpkins, Senior Resident Inspector - Hatch
Enclosure Edwin I. Hatch Nuclear Plant Georgia Power Company Ownership Percentage - 50.1 %
10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 1
The NRC minimum decommissioning estimate,
$ 214,269,000 2
$ 214,269,000 2 pursuant to 10 CFR 50.75(b) and (c). '
2 The amount accumulated at the end of the
$ 152,371,291
$ 141,359,604 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-1307, Rev. 10, for the burial factor (Option 2) and the December 2003 values for labor and energy factors.
Schedule of Annual Amounts Included in Current Rates (Dollars in Thousands)
Plant Hatch HATCH I BEG OF YEAR YEAR FUND BAL FUND FUND EARNINGS CONTRIB END OF YEAR FUND BAL 2004 ply 152,371 2005 152,371 7,936 3,667 163,974 2006 163,974 8,379 0
172,353 2007 172,353 8,807 0
181,160 2008 181,160 9,258 0
190,418 2009 190,418 9,730 0
200,148 2010 200,148 10,227 0
210,375 2011 210,375 10,751 0
221,126 2012 221,126 11,300 0
232,426 2013 232,426 11,877 0
244,303 2014 244,303 12,484 0
256,787 2015 256,787 13,122 0
269,909 2016 269,909 13,792 0
283,701 2017 283,701 14,498 0
298,199 2018 298,199 15,238 0
313,437 2019 313,437 16,017 0
329,454 2020 329,454 16,835 0
346,289 2021 346,289 17,695 0
363,984 2022 363,984 18,600 0
382,584 2023 382,584 19,550 0
402,134 2024 402,134 20,550 0
422,684 2025 422,684 21,599 0
444,283 2026 444,283 22,703 0
466,986 2027 466,986 23,863 0
490,849 2028 490,849 25,082 0
515,931 2029 515,931 26,364 0
542,295 2030 542,295 27,711 0
570,006 2031 570,006 29,127 0
599,133 2032 599,133 30,616 0
629,749 2033 629,749 32,181 0
661,930 2034 661,930 33,825 0
695,755 2035 2036 i
2037 2038 HATCH 2 BEG OF END OF YEAR FUND FUND YEAR FUND BAL EARNINGS CONTRIB FUND BAL 141,360 141,360 7,352 3,160 151,871 151,871 7,760 0
159,631 159,631 8,157 0
167,788 167,788 8,574 0
176,362 176,362 9,012 0
185,374 185,374 9,472 0
194,846 194,846 9,957 0
204,803 204,803 10,465 0
215,268 215,268 11,000 0
226,268 226,268 11,563 01 237,831 237,831 12,153 0
249,984 249,984 12,774 0
262,758 262,758 13,427 0
276,185 276,185 14,113 0
290,298 290,298 14,834 0
305,132 305,132 15,592 0
320,724 320,724 16,389 0
337,113 337,113 17,226 0
354,339 354,339 18,106 0
372,445 372,445 19,032 0
391,477 391,477 20,004 0
411,481 411,481 21,027 0
432,508 432,508 22,102 0
454,610 454,610 23,230 0
477,840 477,840 24,417 0
502,257 502,257 25,665 0
527,922 527,922 26,977 0
554,899 554,899 28,355 0
583,254 583,254 29,804 0
613,058 613,058 31,327 0
644,385 644,385 32,928 0
677,313 677,313 34,611 0
711,924 711,924 36,379 0
748,303 748,303 38,238 0
786,541 Beginning Net Projected Balance Earnings Funding Total 141,360 642,022 3,160 786,542 Beginning Net Projected Balance Earnings Funding Total 152,371 539,717 3,667 695,755