ML050970261
| ML050970261 | |
| Person / Time | |
|---|---|
| Site: | Comanche Peak  |
| Issue date: | 03/31/2005 |
| From: | Madden F Document Control Desk |
| To: | TXU Power |
| References | |
| CPSES-200500692, TXX-05072 | |
| Download: ML050970261 (5) | |
Text
- a TXU 4"-
Power TXU Power Comanche Peak Steam Electric Station P. O. Box 1002 (EO1)
Glen Rose, TX 76043 Tel: 254 897 5209 Fax 254 897 6652 mike.blevins~txu.com Mike Blevins Senior Vice President &
Chief Nuclear Officer Ref: 10CFR50.75(f)
CPSES-200500692 Log # TXX-05072 March 31, 2005 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555
SUBJECT:
COMANCHE PEAK STEAM ELECTRIC STATION (CPSES)
DOCKET NOS. 50445 AND 50-446 DECOMMISSIONING REPORT Gentlemen:
Attached is the biennial decommissioning report for Comanche Peak Units 1 and 2, prepared and submitted pursuant to 10CFR50.75(f). TXU Generation Company LP (TXU Power) is an unregulated utility and therefore does not meet the definition of an electric utility as defined by I OCFR50.2. The recovery of decommissioning funds for the eventual decommissioning of CPSES Units 1 and 2 is assured through the collection of a non-bypassable charge which is subsequently contributed to an external trust.
The amounts to be collected for CPSES decommissioning are based on a site specific decommissioning study that includes contracting vendors for recycling and compacting waste. Differences between the study as compared to the 10CFR50.75 estimate are that buildings/equipment common to both units (e.g., the fuel building and the auxiliary building) are decommissioned with Unit 2, decreasing the cost of Unit I and increasing the cost of Unit 2.
A00CEf A member of the STARS (Strategic Teaming and Resource Sharing) Alliance Callaway
- Comanche Peak
- Diablo Canyon
- Palo Verde
- South Texas Project
- Wolf Creek
TXX-05072 Page 2 of 3 When projected to the license expiration date for each unit using the 2 percent annual real rate of return as allowed per 10CFR50.75(e)(ii), the projected Nuclear Decommissioning Trust balance is greater than the escalated NRC minimum cost of decommissioning for Units I and 2.
TXU Power has completed a new cost estimate in 2005 dollars, which has been incorporated into the subsequently described Public Utilities Commission (PUC) of Texas filing. A full funding analysis, now underway, will be filed with the PUC of Texas during the second quarter 2005, which could lead to changes in the annual funding amounts, as appropriate.
This communication contains the following new licensing basis commitment regarding CPSES Units I and 2.
Commitment Commitment Number 27342 A full funding analysis, now underway, will be filed with the PUC of Texas during the second quarter 2005.
TXX-05072 Page 3 of 3 Should you have any questions regarding the status of decommissioning for CPSES Units 1 and 2, please contact Mr. J. D. Seawright at (254) 897-0140.
Sincerely, TXU Generation Company LP By:
TXU Generation Management Company LLC, Its General Partner Mike Blevins By:
?,/
Y 24, Fred W. Madden Director, Regulatory Affairs JDS/js Attachment c -
B. S. Mallett, Region IV M. C. Thadani, NRR Resident Inspectors, CPSES
Attachment to TXX-05072 Page 1 of 2 TXU Generation Company LP Comanche Peak Steam Electric Station (CPSES)
Information is submitted to provide Financial Assurance Unit # 1 Unit # 2
- 1. The minimum amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c).
At December 31, 2004 Using 10 CFR 50.75(c) formulas
$ 369.7 million
$ 369.7 million Site-specific study
$ 360.6 million
$ 612.9 million
- 2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c).
Market Value at December 31,2004
$ 172.6 million
$ 188.8 million
- 3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c).
Unit#I Unit#2 Years 2005 through 2029 (25 years)
$ 2.6 million
$ 11.0 million Year 2030 0.4 million 11.0 million Year 2031 11.0 million Year 2032 1.8 million Total
$ 66.1 million
$ 298.8 million Annual contributions are being recovered in rates from rate case #22350, effective I/1/02.
- 4. The assumptions used regarding escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
Estimated Escalation rate for decommissioning costs 4.68%
4.68%
Estimated Earnings rates on decommissioning funds 2005 through 2025 6.88%
6.88%
2026 through 2034 5.56%
5.56%
2035 and thereafter 4.04%
4.04%
Rates of other factors used in funding projections None None
- 5. Any power sale contracts upon which licensee is relying to certifying financial assurance.
- 6. Modifications to licensee's method of providing financial assurance since previous report.
- 7. Material changes to trust agreement.
None None Changes were made to conform with the NRC revisions outlined in Revision I to Regulatory Guide 1.159.
Attachment to TXX-05072 Page 2 of 2 Assumptions Bureau of Labor Statistics Data Employment Cost Index (Lx)
Series ID: ECU132021 Fourth Quarter: 170.6 Not Seasonally Adjusted Compensation: Total Compensation Ownership: Private Industry Periodicity: Index Number Group: South Region Producer Price Index - Commodities (E.)
Series ID: WPU0543 December: 147.9(P)
Not Seasonally Adjusted Group: Fuels and related products and power Item: Industrial electric power Base Date: 8200 Series ID: WPU0573 December: 133.4(P)
Not Seasonally Adjusted Group: Fuels and related products and power Item: Light Fuel Oils Base Date: 8200 Waste Burial Factor (B.)
NUREG-1307, Revision 10 PWR: 9.467 South Carolina:
Non-Atlantic Compact Contracting vendors for recycling and compacting waste