ML061390202
| ML061390202 | |
| Person / Time | |
|---|---|
| Site: | Peach Bottom, Salem, Hope Creek  |
| Issue date: | 05/17/2006 |
| From: | Benyak D Public Service Enterprise Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| LR-N06-0249 | |
| Download: ML061390202 (7) | |
Text
PSEG Nuclear LLC P.O. Box 236, Hancocks Bridge, New Jersey 08038-0236 MAY 17 2906 o PSEG Nuclear LLC LR-N06-0249 United States Nuclear Regulatory Commission Document Control Desk Washington, DC 20555 NRC DECOMMISSIONING FUNDING STATUS REPORT SALEM, HOPE CREEK AND PEACH BOTTOM GENERATING STATIONS DOCKET NOS. 50-272, 50-311, 50-354, 50-277, AND 50-278 FACILITY OPERATING LICENSE NOS. DPR-70,75, NPF-57 AND DPR-44, 56 This letter submits the status report of the decommissioning funds for the subject facilities in accordance with 10CFR50.75(f)(1).
- 1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
NRC Minimum Decommissioning Plant Funding Requirements (PSEG Nuclear Share) (S Thousands)
Hope Creek Salem Unit #1 Salem Unit #2 Peach Bottom Unit #2 Peach Bottom Unit #3 Total 465,476 201,636 201,636 242,049 242,049 1,352,646
- 2. Amount accumulated as of December 31,2005.
The amount accumulated in both Qualified and Non-Qualified Trusts on December 31,2005, for each respective Unit, is disclosed in the following Table:
Plant Hope Creek Salem Unit #1 Salem Unit #2 Peach Bottom Unit #2 Peach Bottom Unit#3 Total
($ Thousands)
Qualified Trust Non-Qualified Trust 333,714 5,205 170,324 50,831 187,290 16,558 149,239 36,569 159i476 28.945 1,000,043 138,109 Total 338,920 221,154 203,848 185,808 188.421 1,138,152 95-2168 REV. 7/99
I NRC FORM 8 (7-94)
NRCMD 3.57 INCOMING AND SIGNATURE TAB USE THIS SIDE OF THE SHEET TO PRECEDE THE INCOMING MATERIAL WHEN ASSEMBLING CORRESPONDENCE (USE REVERSE SIDE FOR SIGNATURE TAB)
NRC FORM 8 (7-94)
NRCMD 3.57 INCOMING AND SIGNATURE TAB USE THIS SIDE OF THE SHEET TO PRECEDE THE SIGNATURE PAGE WHEN ASSEMBLING CORRESPONDENCE (USE REVERSE SIDE FOR INCOMING TAB)
Document Control Desk 2
lAY 1? 2X$
LR-N06-0249
- 3. Annual amounts remaining to be collected as of December 31, 2005.
None'
- 4. Assumptions used regarding escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
For the purpose of determining if the NRC's minimum requirements are met, PSEG has calculated that the current fund balances and annual funding levels, together with earnings at a 2% annual rate of return, as permitted by 10CFR50.75(e)(1)(ii),
satisfy NRC's minimum funding assurance requirements.
- 5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
The licensee is not relying upon contracts in this regard.
- 6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
PSEG Nuclear has prepaid its nuclear decommissioning liability in the amount (aggregate) by $390.7 million, as of December 31, 2005. The calculation is supported in Appendix A.
Appendix A calculates an accumulated funding requirement based upon annual contributions requirements since first filing in 1991. This method is consistent with previous submittals and provides an accurate measure for annual growth requirements of the funds.
- 7. Any material changes to trust agreements.
None.
Should you have any questions regarding this report, please contact Justin Weame at 856-339-5081 Sincerely, Darin M. Benyak Director - Regulatory Assurance Appendix A 1 New Jersey Board of Public Utilities (BPU) decision dated July 9, 2003.
Document Control Desk 3
MAY 1 7 2006 LR-N06-0249 C
Mr. S. Collins, Administrator-Region I U. S. Nuclear Regulatory Commission 475 Allendale Road King of Prussia, PA 19406 U. S. Nuclear Regulatory Commission ATTN: Mr. S. Bailey, Licensing Project Manager - Hope Creek/Salem Mail Stop 08B1 Washington, DC 20555-0001 U. S. Nuclear Regulatory Commission ATTN: Mr. S. Campbell, Licensing Project Manager - Hope Creek/Salem Mail Stop 07D1 Washington, DC 20555-0001 USNRC Senior Resident Inspector-Salem (X24)
USNRC Senior Resident Inspector-Hope Creek (X24)
Mr. K Tosch, Manager IV Bureau of Nuclear Engineering P0 Box 415 Trenton, New Jersey 08625
Calculation of NRC Funding Requirements for Year 2005 Appendix A Dollars In (000's)
Remaining Years to End Operating License of Operating Expiration Date Uicense Life NRC Decommissiong Funding Requirements IAW 10CFR50.75 (note 1, 2)
Accumulated Funding Requirements as of December 31, 2005 (note 1, 3)
Fair Market Value of External Fund as of December 31, 2005 (note 1)
Sation and Unit Hope Creek Unit No. 1 Salem Unit No. 1 Salem Unit No. 2 Peach Bottom Unit No. 2 April 11,2026 August 13,2016 April 18,2020 August 8,2033 21
$465,476 11
$201,636
$221,101
$146,186
$126,023
$129,093
$338,920
$221,154
$203,848
$185,808 15.
$201,636 28
$242,049 Peach Bottom Unit No. 3 July 2, 2034 29
$242,049
$1.352.846
$125,059 747,461
$188,421
$1,138,152 note 1:
note 2:
note 3:
Amounts represent PSEG Nuclear's share of funding and are in year 2004 dollars Funding Requirements calculated using guidance in Regulatory Guide 1.159 Revision I and Draft Regulatory Guide DG-1 085 Accumulated Funding =
NRC Decommissioning Funding Requirements 40 year Licensed LUfe - Remaining Years to End of Operating License Life Requlrementsd IAW 10CFR50.75 X
40 year Licensed Life Consistent with method In GAO/RCED-99-75 "Better Oversight Needed to Ensure Accumulation of Funds to Decommission Nuclear Power Plants" and NRC Document SECY-994170 'Summary of Decommissioning Fund Status Reports."
Peach Bottom Units Only Accumulated Funding =
NRC Decommissioning Funding Requirements Requirements lAW 10CFR50.75 X
60 year Licensed Life - Remaining Years to End of Operating License Life 60 year Licensed Life NRC-2005 Annual Appendix A Revised
_NC FORM SC
- (7f -3.5 NRCmb 3.57
'I COVER SHEET FOR CORRESPONDENCE USE THIS COVER SHEET TO PROTECT ORIGINALS OF MULTI-PAGE CORRESPONDENCE