ML050840076
| ML050840076 | |
| Person / Time | |
|---|---|
| Site: | Hatch  |
| Issue date: | 03/04/2005 |
| From: | Appleby A Oglethorpe Power Corp |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML050840076 (5) | |
Text
Enclosure 3 Oglethorpe Power Corporation letter dated March 4, 2005
- s OglethorpePower Oglethorpe Power Corporation 2100 East Exchange Place Tucker. GA 30084-5336 phone 770-270-7600 fax 770-270-7872 March 4, 2005 An Electric MeAbership Cooperative Docket Nos.: 50-321 50-366 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Edwin 1. 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. Oglethorpe Power Corporation (OPC) 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 1. 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 1. Hatch Nuclear Plant, is providing this information to the NRC on behalf of OPC.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning the Edwin 1. 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, Anne F. Appleby Vice President, Treasurer Oglethorpe Power Corporation Enclosure cc: Southern Nuclear Operating Company Mr. H. L. Sumner, Vice President - Hatch G A memter of the National Rural Electric Cooperative Association
U. S. Nuclear Regulatory Commission Page 2 U. S. Nuclear Remulatorv Commission Mr. C. Gratton, NRR Licensing Project Manager - Hatch Dr. W. D. Travers, Regional Administrator Mr. D. S. Simpkins, Senior Resident Inspector - Hatch Oglethorpe Power Corporation Betsy Higgins, CFO Michael W. Price, COO Clarence Mitchell, Sr. Vice President, Operations
Enclosure Edwin I. Hatch Nuclear Plant Oglethorpe Power Corporation Ownership Percentage - 30%
10 CFR 50.75(f)(1) Requirement Unit I Unit 2 1
The NRC minimum decommissioning estimate,
$ 128,305,000 2
$ 128,305,0002 pursuant to 10 CFR 50.75(b) and (c). 1 2
The amount accumulated at the end of the
$67,830,938
$53,327,131 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).
Attachment I 4
The assumptions used regarding:
(a) rates of escalation in decommissioning (a) 3.11 %
(a) 3.11 %
costs; (b) 7.00%
(b) 7.00%
(b) rates of earnings on decommissioning funds; (c) real rate of retum; and (c) 3.89%
(c) 3.89%
(d) rates of other factors used in funding (d) none (d) 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 none none of providing financial assurance occurring since the last submitted report.
7 Any material changes to trust agreements.
Re-allocated invested assets Re-allocated invested to increase diversification assets to increase diversification NOTES:
1The 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.
Schedule of the Annual Amounts Remaining to be Collected Oglethorpe Power Corporation 2004 NRC MINIMUM Hatch 1 I Hatch 2 Earnings Rate:
7 Balance Balance Year Begin Year Earnings Contribution End Year Earnings Rate:
7 Balance Year Begin Year Balance End Year Earnings Contribution 2004 62,467,282 2005 67,830,938 2006 72,579,104 2007 77,659,641 2008 83,095,816 2009 88,912,523 2010 95,136,400 2011 101,795,948 2012 108,921,664 2013 116,546,180 2014 124,704,413 2015 133,433,722 2016 142,774,082 2017 152,768,268 2018 163,462,047 2019 174,904,390 2020 187,147,698 2021 200,248,036 2022 214,265,399 2023 229,263,977 2024 245,312,455 2025 262,484,327 2026 280,858,230 2027 300,518,306 2028 321,554,588 2029 344,063,409 2030 368,147,847 2031 393,918,197 2032 421,492,470 2033 450,996,943 2034 482,566,729 5,363,656 4,748,166 5,080,537 5,436,175 5,816,707 6,223,877 6,659,548 7,125,716 7,624,516 8,158,233 8,729,309 9,340,361 9,994,186 10,693,779 11,442,343 12,243,307 13,100,339 14,017,363 14,998,578 16,048,478 17,171,872 18,373,903 19,660,076 21,036,281 22,508,821 24,084,439 25,770,349 27,574,274 29,504,473 31,569,786 33,779,671 0
67,830,938 0
72,579,104 0
77,659,641 0
83,095,816 0
88,912,523 0
95,136,400 0
101,795,948 0
108,921,664 0
116,546,180 0
124,704,413 0
133,433,722 0
142,774,082 0
152,768,268 0
163,462,047 0
174,904,390 0
187,147,698 0
200,248,036 0
214,265,399 0
229,263,977 0
245,312,455 0
262,484,327 0
280,858,230 0
300,518,306 0
321,554,588 0
344,063,409 0
368,147,847 0
393,918,197 0
421,492,470 0
450,996,943 0
482,566,729 0
516,346,401 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 49,110,347 4,216,784 53,327,131 3,732,899 57,060,030 3,994,202 61,054,232 4,273,796 65,328,029 4,572,962 69,900,991 4,893,069 74,794,060 5,235,584 80,029,644 5,602,075 85,631,719 5,994,220 91,625,940 6,413,816 98,039,755 6,862,783 104,902,538 7,343,178 112,245,716 7,857,200 120,102,916 8,407,204 128,510,120 8,995,708 137,505,828 9,625,408 147,131,236 10,299,187 157,430,423 11,020,130 168,450,553 11,791,539 180,242,091 12,616,946 192,859,038 13,500,133 206,359,170 14,445,142 220,804,312 15,456,302 236,260,614 16,538,243 252,798,857 17,695,920 270,494,777 18,934,634 289,429,411 20,260,059 309,689,470 21,678,263 331,367,733 23,195,741 354,563,474 24,819,443 379,382,918 26,556,804 405,939,722 28,415,781 434,355,502 30,404,885 464,760,388 32,533,227 497,293,615 34,810,553 0
53,327,131 0
57,060,030 0
61,054,232 0
65,328,029 0
69,900,991 0
74,794,060 0
80,029,644 0
85,631,719 0
91,625,940 0
98,039,755 0
104,902,538 0
112,245,716 0
120,102,916 0
128,510,120 0
137,505,828 0
147,131,236 0
157,430,423 0
168,450,553 0
180,242,091 0
192,859,038 0
206,359,170 0
220,804,312 0
236,260,614 0
252,798,857 0
270,494,777 0
289,429,411 0
309,689,470 0
331,367,733 0
354,563,474 0
379,382,918 0
405,939,722 0
434,355,502 0
464,760,388 0
497,293,615 0
532,104,168