ML060870529

Decommissioning Funding Status Report

ML060870529
Person / Time
Site:	Millstone
Issue date:	03/28/2006
From:	Grecheck E Dominion, Dominion Nuclear Connecticut
To:	Document Control Desk, NRC/FSME
References
06-252
Download: ML060870529 (5)

Text

Dominion Nuclear Connecticut, Inc.

5000 Dominion Boulevard, Glen Allen, Virginia 23060 Web Address: www.dom.com March 28, 2006 U.S. Nuclear Regulatory Commission Serial No.06-252 Attention: Document Control Desk NLOS/TJS Rev0 Washington, DC 20555-0001 Docket Nos. 50-245 License Nos. DPR-21 DOMINION NUCLEAR CONNECTICUT, INC.

MILLSTONE POWER STATION UNIT 1 2006 DECOMMISSIONING FUNDING STATUS REPORT Pursuant to 10 CFR 50.75(f)(I), Dominion Nuclear Connecticut, Inc. (DNC) submits the attached information on the status of decommissioning funding for Millstone Power Station (MPS) Unit 1. There have been no material changes to the trust agreements established for nuclear decommissioning of MPS Unit 1. As outlined in DNC letter Serial No.05-318, dated October 21, 2005, the annual costs for decommissioning activities and to maintain MPS Unit 1 in modified SAFSTOR are approximately four million dollars per year (in 2004 dollars) for the period 2005 through 2010. These disbursements are consistent with the MPS Unit 1 decommissioning funding status attached which continues to show adequate funds available to complete decommissioning activities planned.

Should you have any questions regarding this submittal, please contact Mr. David A. Sommers at (804) 273-2823.

Very truly yours, Eugene S. Grecheck Vice President - Nuclear Support Services Attachments: (1)

Commitments made by this letter: None

Serial No.06-252 Docket No. 50-245 MPS U1 Funding Status Page 2 of 2 cc: U. S. Nuclear Regulatory Commission Region I 475 Allendale Road King of Prussia, PA 19406-1415 Mr. A. B. Wang NRC Project Manager, MPS-1 U. S. Nuclear Regulatory Commission One White Flint North Mail Stop 7 E l 11555 Rockville Pike Rockville, MD 20852-2738 Mr. R. J. Prince NRC Inspector, MPS-1 U. S. Nuclear Regulatory Commission 475 Allendale Road King of Prussia, PA 19406-1415 Mr. S. M. Schneider NRC Senior Resident Inspector Millstone Power Station

Attachment 1 Serial No.06-252 Millstone Power Station Unit '1 2006 Nuclear Decommissioning Funding Status Dominion Nuclear Connecticut, Ilnc.

2006 Decommissioning Funding Status Report Decommissioning Funding Worksheet for Millstone Unit 1

$ 484,031,242 Prior decommissioning cost estimate (1999 $)

$ 630,334,586 Revised decommissioning cost estimate (2005 $)

Unit 1 Qualified fund balance as of 12/31/2005 $ 284,526,637 Unit 1 Non-Qualified fund balance as of 12/31/2005 $

Unit 1 Guaranty amount $

Total fund balances as of 12/31/2005 $ 284,526,637 Millstone Unit 1 Decommissionina Ext>enditures

$ 587,968,489 Estimated remaining decommissioning costs (2005 $)

$ 2,619,647 Average annual monitoring cost during SAFSTOR (2005 $)

$ 1,380,353 Average (2006-2011) annual decommissioning activities (2005 $)

4.00% Assumed inflation rate 6.00% Assumed after tax earnings - long term