ML050840081
| ML050840081 | |
| Person / Time | |
|---|---|
| Site: | Hatch  (DPR-057, NPF-005) |
| Issue date: | 02/21/2005 |
| From: | Cope D Dalton Utilities |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML050840081 (5) | |
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City of Dalton, Georgia letter dated February 21, 2005
Dalton UTI L IT I E S see the light February 21, 2005 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. Accordingly, The Board of Water, Light and Sinking Fund Commissioners of the City of Dalton, Georgia, d/b/a Dalton Utilities, 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 Dalton Utilities.
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.
Should you have any questions concerning this matter, please contact Tom Bundros at either tbundros!2adutil.com or (706) 529-1035.
Respectfully submitted, President and CEO 1200 VD. Parrott, Jr. Parkway P.O. Box 869 Dalton, GA 30722-0869 706.278.1313 T 1
706.278.7230 F
Enclosure Page Two 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 The City of Dalton Ownership Percentage - 2.2%
10 CFR 50.75(f)(1) Requirement Unit I Unit 2 1
The NRC minimum decommissioning estimate,
$ 9,409,000 2
$ 9,409,000 2 pursuant to 10 CFR 50.75(b) and (c). 1 2
The amount accumulated at the end of the
$ 13,950,421
$ 13,273,003 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:
(a) rates of escalation in decommissioning 3.11%
3.11%
costs; (b) rates of earnings on decommissioning 7.28%
7.28%
funds; (c) real rate of retum; and 4.17%
4.17%
(d) rates of other factors used in funding NIA N/A 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.
None None NOTES:
1 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.
The Water, Light and Sinking Fund Commission of The City of Dalton, GA DIB/A Dalton Utilities Nuclear Decommissioning Funds Investment Balances December 31, 2004 nS Total Funds e
Carryinq Value Market Value Par Value a
Bank of New York Carrying Value Market Value Par Value Wachovia Bank Carrying Value Market Value Par Value Plant Hatch Unit 1 Unit 2 4,703,204 7,163,727 14,100,000 4,073,614 6,815,864 18,200,000 Total 8,776,818 13,979,591 32,300,000 Plant Voatle Unit 1 1,987,644 3,622,613 12,200,000 Unit 2 1,984,064 3,570,060 13,000,000 Total 3,971,708 7,192,673 25,200,000 7,146,895 6,786,694 13,050,224 6,190,182 6,457,139 16,844,970 13,337,077 13,243,834 29,895,195 3,020,384 3,431,952 11,291,683 3,014,944 3,382,165 12,032,122 6,035,328 6,814,117 23,323,805 11,850,099 13,950,421 27,150,224 10,263,796 13,273,003 35,044,970 22,113,895 27,223,425 62,195,195 5,008,028 7,054,565 23,491,683 4,999,008 6,952,225 25,032,122 10,007,036 14,006,790 48,523,805 0
I'h co i
n 0t H
H0 Vo C:
n rt Grand Total 12,748,525 21,172,264 57,500,000 19,372,405 20,057,951 53,219,000 32,120,930 41,230,214 110,719,000 Interest SheetsINuclear Decomm Funds 2004.xis 1/2012005