ML070930038
| ML070930038 | |
| Person / Time | |
|---|---|
| Site: | Millstone, Kewaunee, Surry, North Anna  |
| Issue date: | 03/29/2007 |
| From: | Christian D Dominion Energy Kewaunee, Dominion Nuclear Connecticut, Dominion Resources Services, Virginia Electric & Power Co (VEPCO) |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| 07-0174 | |
| Download: ML070930038 (19) | |
Text
Dominion Resources Services, Inc.
5000 Dominion Boulevard, Glcn Allcn, VA 2 iO(10 h i Dominion" March 29, 2007 United States Nuclear Regulatory Commission Serial No.
07-01 74 Attention: Document Control Desk NL&OSITJS R4 Washington, D. C. 20555-0001 Docket Nos. 50-280, 281 50-338, 339 50-245, 336, 423 50-305 License Nos. DPR-32, 37 NPF-4, 7 DPR-21, 65 N PF-49 D PR-43 VIRGINIA ELECTRIC AND POWER COMPANY DOMINION NUCLEAR CONNECTICUT. INC.
DOMINION ENERGY KEWAUNEE. INC.
SURRY POWER STATION UNITS 1 AND 2 NORTH ANNA POWER STATION UNITS 1 AND 2 MILLSTONE POWER STATION UNITS 1.2 AND 3 KEWAUNEE POWER STATION DECOMMISSIONING FUNDING STATUS REPORT Pursuant to 10 CFR 50.75(f)(I), Virginia Electric and Power Company (Dominion),
Dominion Nuclear Connecticut, Inc. (DNC) and Dominion Energy Kewaunee, Inc.
(DEK) are providing this report on the status of decommissioning funding for each of the eight nuclear power reactors as referenced above. provides the following information for North Anna and Surry:
Table I -
NRC Minimum Financial Assurance Amount as of 12/31 106 Table II - Funds Held in External Trusts at 12/31/06 Table Ill-Current Annual Funding Levels Table IV-NRC Minimum Financial Assurance Amounts Present Value & Future Value provides the following information for Millstone Units 2 & 3:
Table Table Table Table I -
NRC Minimum Financial Assurance Amount as of 12/31 106 II - Funds Held in External Trusts as of 12/31 106 Ill-Current Annual Funding Levels IV-NRC Minimum Financial Assurance Amounts Present Value & Future Value
Serial No. 07-01 74 Docket Nos. 50-2801281, 3381339, 24513361423, 305 Page 2 of 5 provides the following information for Millstone Unit 1 :
Decommissioning Funding Status Report for Millstone Unit 1 Updated Decommissioning Funding Worksheet as of 12/31 /O6 provides the following information for Kewaunee:
Table I -
Table II -
Table III-Table IV-NRC Minimum Financial Assurance Amount as of 12/31 I06 Funds Held in External Trusts as of 12/31/06 Current Annual Funding Levels NRC Minimum Financial Assurance Amounts Present Value & Future Value Since the March 29, 2005 submittal, there have been no material changes to trust agreements established for nuclear decommissioning of the Surry, North Anna, or Millstone units. By letter dated November 17, 2005 (Serial No. 05-431A), DEK informed the NRC of amendments to the Qualified Decommissioning Trust Agreement and establishment of a Non-Qualified Decommissioning Trust Agreement. These trust agreements were executed on March 1, 2006, and there have been no material changes to the trust agreements established for Kewaunee since that time.
Please contact Mr. David A. Sommers at (804) 273-2823 if you have any questions or require additional information.
Vary truly yours, David A. Christian Senior Vice President and Chief Nuclear Officer Virginia Electric and Power Company Dominion Nuclear Connecticut, Inc.
Dominion Energy Kewaunee, Inc.
Attachments: - North Anna and Surry Decommissioning Financial Assurance - Millstone Units 2 and 3 Decommissioning Financial Assurance Millstone Unit 1 Decommissioning Funding Worksheet - Kewaunee Decommissioning Financial Assurance Commitments made in this letter: None
Serial No. 07-01 74 Docket Nos. 50-2801281, 3381339, 24513361423, 305 Page 3 of 5 cc:
U. S. Nuclear Regulatory Commission Region II Sam Nunn Atlanta Federal Center 61 Forsyth Street, S.W., Suite 23T85 Atlanta, GA 30303-8931 U. S. Nuclear Regulatory Commission Region I 475 Allendale Road King of Prussia, PA 19406-1 41 5 U. S. Nuclear Regulatory Commission Region Ill 801 Warrenville Road Lisle, I L 60532-4351 Mr. N. P. Garrett NRC Senior Resident lnspector Surry Power Station Mr. J. T. Reece NRC Senior Resident lnspector North Anna Power Station Mr. R. Prince NRC lnspector Region I 475 Allendale Road King of Prussia, PA 1 9406-1 41 5 Mr. S. M. Schneider NRC Senior Resident lnspector Millstone Power Station Mr. S. C. Burton NRC Senior Resident lnspector Kewaunee Power Station Mr. J. B. Hickman Project Manager - Millstone Unit 1 U. S. Nuclear Regulatory Commission Mail Stop T-7E18 Washington, DC 20555
Serial No. 07-01 74 Docket Nos. 50-2801281, 3381339, 24513361423, 305 Page 4 of 5 Mr. V. Nerses NRC Senior Project Manager U. S. Nuclear Regulatory Commission One White Flint North 1 1 555 Rockville Pike Mail Stop 8C2 Rockvi lle, MD 20852-2738 Mr. G. E. Miller Project Manager U. S. Nuclear Regulatory Commission One White Flint North Mail Stop 8 B1 1 1 555 Rockvi He Pike Rockville, MD 20852-2738 Mr. S. P. Lingam NRC Project Manager North Anna and Surry U. S. Nuclear Regulatory Commission, Mail Stop 8 G9A One White Flint North 1 1 555 Rockvi lle Pike Rockville, MD 20852-2738 Mr. L. N. Olshan U. S. Nuclear Regulatory Commission, Mail Stop 8 G9A One White Flint North 1 1 555 Rockville Pike Rockville, MD 20852-2738 Mr. R. E. Martin U. S. Nuclear Regulatory Commission, Mail Stop 8 G9A One White Flint North 1 1 555 Rockville Pike Rockville, MD 20852-2738 Mr. R. F. Kuntz NRC Project Manager Kewaunee U. S. Nuclear Regulatory Commission, Mail Stop 0-7-Dl A Washington, DC 20555
Serial No. 07-01 74 Docket Nos. 50-2801281, 3381339, 24513361423, 305 Page 5 of 5 Mr. J. E. Reasor, Jr.
Old Dominion Electric Cooperative lnnsbrook Corporate Center 4201 Dominion Blvd.
Suite 300 Glen Allen, VA 23060 Mr. Joseph Roy Massachusetts Municipal Wholesale Electric Co.
Moody Street, P. 0. Box 426 Ludlow, MA 01 056 Mr. Stephen Page Central Vermont Public Service Corp.
77 Grove Street Rutland, VT 05701 Serial No. 07-01 74 VIRGINIA ELECTRIC AND POWER COMPANY (DOMINION)
SURRY POWER STATION UNITS 1 AND 2 NORTH ANNA POWER STATION UNITS 1 AND 2 DECOMMISSIONING FINANCIAL ASSURANCE Nuclear Decommissioning Financial Assurance as of 12/31/06
Serial No. 07-0174 VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/31/06 Table I:
page 1 of 3 NRC Mlnlmurn Flnanclal Assurance Amount as of 12/31/2006 (Millions of Dollars)
(see note 1)
(see note 1)
Surry Surry North Anna North Anna Customer Unit 1 Unit 2 Unit 1 Unit 2 Total Classification DPR-32 DPR-37 NPF-4 NPF-7 All Units I
Vlrglnia State Corporation Commission (VSCC) 263.72 $
263.72 $
255.01 $
255.01 $
1,037.47 I
Company Contribution I
North Carolma Utilities Commission 16.00 $
16.00 $
14.81 $
14.81 $
61 62 I
Federal Energy Regulatory Commission 12.63 $
12.63 $
7.23 $
7.23 $
39.73 I
V~rglnla Retail (not under VSCC jurisd~ction) 37.89 $
37.89 $
36.32 $
36.32 $
148.42 Total 338.9 $
338.9 $
312.0 $
31 2.0 $
1,301.6 Funds Held In External Trusts at 12/31/2006 (Millions of Dollars)
(see note 2)
(see note 2)
(see notes 1 & 2) (see notes 1 & 2)
Surry Surry North Anna North Anna Customer Unit 1 Unit 2 Unit 1 Unit 2 Total Classification DPR-32 DPR-37 NPF-4 NPF-7 All Units Virglnia State Corporation Commission (VSCC) 206.0 $
203.1 $
182.5 $
175.4 $
767.0 I
Company Contribution 0.5 $
0.6 $
0.1 $
0.1 $
1.3 I
North Carolina Utilities Commission 12.1$
13.6$
13.1$
12.6$
51.4 I
Federal Energy Regulatory Commission 9.7 $
10.7 $
3.9 $
3.8 $
28.1 I
Vlrgln~a Retail (not under VSCC jurisdiction) 27.3 $
29.5 $
26.8 $
25.4 $
109.0 Total 255.5 $
257.5 $
226.4 $
21 7.4 $
956.8 Page 1 of 3
Serial No. 07-01 74 VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/31/06 Table Ill:
page 2 01 3 Current Annual Fundlng Levels (M~ll~ons of Dollars)
(see note 4)
(see note 4)
(see notes 1 & 4) (see notes 1 & 4)
Surry Surry North Anna North Anna Customer Unit 1 Unit 2 Unit 1 Unit 2 Total Classification DPR-32 DPR-37 NPF4 NPF-7 All Units I I Vlrginla State Corporation Comm~ssion (VSCC)
I I Company Contribution 0.2 $
0.3 $
0.1 $
0.0 $
0.6 I l ~ o r t h Carolina Ut~llties Cornrn~ss~on I I Federal Energy Regulatory Commiss~on 0.2 $
0.3 $
0.2 $
0.2 $
0.9 I I V~rg~n~a Retail (not under VSCC jurlsdiction) 0.9 $
1.0 $
0.8 $
0.7 $
3.4 I I Unallocated Total 1.4 1.5 1.0 1.0 4.8 Page 2 of 3
Serial No. 07-0174 VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/31/06 Table IV:
page 3 of 3 NRC Mlnlrnurn Flnanclal Assurance Amounts Present Value & Future Value (M~ll~ons of Dollars - except percentages and years)
(see note 1)
(see note 1)
Surry Surry North Anna North Anna Customer Unit 1 Unit 2 Unit 1 Unit 2 Total Classification DPR-32 DPR-37 NPF-4 NPF-7 All Units Method for Providing F~nanclal Assurance External External External External Sinking Fund Sinking Fund Sinking Fund Sinking Fund NRC Minimum Amounts as of 12/31/2006 I
Funds held In External Trusts as of 12/31/2006 Funds Held in External Trusts as of 12/31/2006 M~nus NRC Minimum Amount as of 12/31/2006 (See Note 3)
I Projected Annual Escalat~on Factors I
Expected After-Tax and Fees Annual Earnings Rate (assumes 2% RRoR)
Year That Operating L~cense Expires (Reflects License Renewal)
NRC Minimum Finanaal Assurance Amount In Future Dollars (at start of Decommissioning)
I Funds held ~n External Trusts In Future Dollars (at start of Decommissioning)
I Funds In excess or (underfunded) to NRC Minimum In Future Dollars at start of Decommiss~oning 191.8 $
(1) The North Anna Power Station is jointly owned by Virginla Electric and Power Company (88.4%) and Old Dom~n~on Electric Cooperative (1 1.6%). However, Virgini; Electric and Power Company IS responsible for (89.26%) of the Decommissioning obligation. The arnounts stated in the abwe tables reflect only that portlon of the Demmmissioning obligation attributable to Virginia Electric and Power Company.
(2) Excludes amounts designated for the future Decommissioning of the Independent Spent Fuel Storage Installations (ISFSls).
(3) Negative arnounts indicate that the value of Trust funds are less than the value of the NRC M~n~mum for the period indicated (4) The Annual Funding amounts shown are excluswe of the Trusts fully funded status.
Page 3 of 3 Serial No. 07-0174 DOMINION NUCLEAR CONNECTICUT. INC. (DNC)
MILLSTONE POWER STATION UNITS 2 AND 3 DECOMMISSIONING FINANCIAL ASSURANCE Nuclear Decommissioning Financial Assurance as of 12/31/06
Serial No. 07-0174 DOMINION NUCLEAR CONNECTICUT, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/06 NRC Minimum Financial Assurance Amount as of 12/31/2006 (Millions of Dollars)
(See Note 3)
(See Note 1)
MPS MPS MPS Unit 1 Unit 2 Unit 3 Total U3 Ownership DPR-21 DPR-65 NPF-49 U2 & U3 Ownership %
I Dominion Nuclear Connecticut. lnc.
nla 3 5 5. 2 $
3 5 3. 0 $
708.3 93.47%
I Central Vermont PSC nla nla 6.5 $
6.5 1.73%
I Massachusetts Municipal WEC n/a nla 18.1 $
18.1 4.80%
Total n/a 355.2 377.7 732.9 100.00%
Table 11:
Funds Held in External Trusts as of 12/31/2006 (Millions of Dollars)
(See Note 3)
(See Note 5)
(See Notes 1 & 5)
MPS MPS MPS Unit 1 Unit 2 Unit 3 Total U3 Ownership DPR-21 DPR-65 NPF-49 U2 & U3 Ownership %
I Dominion Nuclear Connecticut, Inc.
n/a 273.3 $
268.8 $
542.1 93.47%
I Central Vermont PSC nla nla 4.1 $
4.1 1.73%
I Massachusetts Municipal WEC nla nla 12.3 $
12.3 4.80%
Total n/a 273.3 285.2 558.5 100.00%
Page 1 of 3
Serial No. 07-01 74 DOMINION NUCLEAR CONNECTICUT, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/06 Table Ill:
Current Annual Funding Levels (Millions of Dollars)
(See Note 3)
(See Notes 1 & 4)
MPS MPS MPS Unit 1 Unit 2 Unit 3 Total U3 Ownership DPR-21 DPR-65 NPF-49 U2 & U3 Ownership %
I Dominion Nuclear Connecticut, Inc.
n/a 93.47% I I
Central Vermont PSC n/a 1.73% I I
Massachusetts Municipal WEC nla 4.80% I Total n/a 100.00%
Page 2 of 3
Serial No. 07-01 74 DOMINION NUCLEAR CONNECTICUT, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/06 Table IV:
NRC Minimum Financial Assurance Amounts Present Value & Future Value (Millions of Dollars - except percentage and years)
(See Note 3)
(See Note 1)
MPS MPS MPS Unit 1 Unit 2 Unit 3 Total Ownership DPR-21 DPR-65 NPF-49 U2 & U3 Method for Providing Financial Assurance NRC Minimum Amounts as of 1213112006 Funds held in External Trusts as of 12/31/2006 Funds held in External Trusts as of 12/31/2006 Minus NRC Minimum Amounts as of 12/31/200 (See Note 2)
Projected Annual Escalation Factor Expected Annual Earnings Rate (After - Tax & Fees - assumes 2% RRoR)
Year That Operating License Expires (Reflects License Renewal)
NRC Minimum Financial Assurance Amount In Future Dollars (at start of Decommissioning)
Funds held in External Trusts In Future Dollars (at start of Decommissioning) nla nla nla nla nla nla Retired 1998 nla nla Funds in excess or (underfunded) to NRC Minimum In Future Dollars at start of Decommissioning nla (See Note 2)
Notes:
(1) Millstone Unit 3 is jointly owned by Dommon Nuclear Connecticut, lnc.(93.4707%), Central Vermont PSC (1.7303%) and Massachusetts Mun~c~pal WEC (4.7990%).
(2) Negatwe amounts indicate that the value of Trust funds are less than the value of the NRC Minimum for the period indicated (3) See Attachment 3 for the MPS Unit 1 Decommissioning Funding Worksheet (4) Massachusetts Muncipal WEC contributed $475,144 until m~d-year 2002 at which time further contributions were suspended. No further contr~but~on are antic~pated to be required.
(5) Excludes amounts designated for the future Decommissioning of the Independent Spent Fuel Storage Installation (ISFSI).
Page 3 of 3 Serial No. 07-0174 DOMINION NUCLEAR CONNECTICUT. INC. (DNC)
MILLSTONE POWER STATION UNIT 1 DECOMMISSIONING FUNDING WORKSHEET Nuclear Decommissioning Financial Assurance as of 12/31/06
Serial No. 07-01 74 DOMINION NUCLEAR CONNECTICUT, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/06 Decommissioning Funding Status Report for Millstone Unit 1 U~dated Decommissionina Fundina Worksheet as of 12/31/2006 484,031,242 Decommissioning cost estimate (in 1999 dollars) 658,699,642 Decommissioning cost estimate (in 2006 dollars)
Unit 1 Qualified Fund Balance as of 12/31/2006 Unit 1 Non-Qualified Fund Balance as of 12/31/2006 Unit 1 Guarantee Amount Total Fund Balances as of 12/31 12006 309,231,026 Millstone Unit 1 Decommissionina Ex~enditures 608,569,251 Estimated Remaining Decommissioning Costs (2007-2057) (in 2006 dollars) 2,737,531 Annual monitoring cost during SAFSTOR (in 2006 dollars) 1,630,569 Annual Decommissioning Activities (2007 - 2010) (in 2006 dollars) 4.50%
Escalation Rate 6.50%
After Tax Earnings - Long Term (assumes 2% RROR)
Page 1 of 2
Serial No. 07-01 74 DOMINION NUCLEAR CONNECTICUT, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/06 I
Beginning of Year Year Balance kcommissioning (in 01/01/2007 $)
End of Year Balance 324,618,027 340,793,097 357,797,916 375,676,447 396,573,080 41 8,659,405 442,025,788 466,737,895 492,875,407 520,510,812 549,757,018 580,697,812 61 3,434,054 648,058,401 684,712,118 723,502,172 764,556,350 807,993,142 853,989,525 902,682,130 954,233,002
$ 1,008,793,730
$ 1,066,586,320
$ 1,127,785,372
$ 1,192,596,556
$ 1,261,213,876
$ 1,333,916,172 1,410,926,670
$ 1,492,506,618
$ 1,578,904,397
$ 1,670,470,657
$ l,767,49O,9ll
$ 1,870,297,267
$ 1,979,207,823
$ 2,094,664,065
$ 2,217,O31,3lO
$ 2,346,732,060
$ 2,484,173,830
$ 2,629,913,105
$ 2,784,417,492
$ 2,948,224,866
$ 3,021,547,746
$ 2,828,913,203
$ 2,183,733,867
$ 1,326,448,703 737,721,834 568,128,015 389,084,682 297,323,948 183,082,683 Serial No. 07-0174 DOMINION ENERGY KEWAUNEE. INC. (DEK)
KEWAUNEE POWER STATION DECOMMISSIONING FINANCIAL ASSURANCE Nuclear Decommissioning Financial Assurance as of 12/31/06
Serial No. 07-01 74 DOMINION ENERGY KEWAUNEE, INC.
Nuclear Decommissioning Financial Assurance as of l2/3l/2OO6 Table I:
NRC Minimum Financial Assurance Amount as of 12/31/2006 (Millions of Dollars)
Kewaunee Total Ownership DPR-43 Kewaunee I I Dominion Energy Kewaunee, Inc.
320.7 320.7 I 1 Total 320.7 320.7 I I Tabk II:
Funds Held in External Trusts as of 12/31/2006 (Millions of Dollars)
(See Note 1 )
Kewaunee Total Ownership DPR-43 Kewaunee I I Dominion Energy Kewaunee, Inc.
5 286.4 5
286.4 It Total 286.4 286.4 Table Ill:
Current Annual Funding Levels (Millions of Dollars)
Kewaunee Total Ownership DPR-43 Kewaunee Dominion Energy Kewaunee, Inc.
5 Page 1 of 2
Serial No. 07-01 74 DOMINION ENERGY KEWAUNEE, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/2006 Table IV:
NRC Minimum Financial Assurance Amounts Present Value & Future Value (Millions of Dollars - except percentage and years)
Kewaunee Total Ownership DPR-43 Kewaunee Method for Providing Financial Assurance Prepayment NRC Minimum Financial Amounts as of 12/31/2006 $
320.7 320.7 Funds held in External Trusts as of 12/31/2006 Funds held in External Trusts as of 12/31/2006 Minus NRC Minimum Amounts as of 12/31/2006 (See Note 2)
Projected Annual Escalation Factor Expected Annual Earnings Rate (After - Tax & Fees - assumes 2% RRoR)
Date That Operating License Expires (reflects no License Renewal)
NRC Minimum Financial Assurance Amount In Future Dollars (at start of Decommissioning)
Funds held in External Trusts In Future Dollars (at start of Decommissioning)
Funds in excess or (underfunded) to NRC Minimum In Future Dollars (at start of Decommissioning) 0.4 (See Note 2)
Notes:
I (1) Excludes amounts designated for the future Decommissioning of the planned Independent Spent Fuel Storage Installation (ISFSI)
(2) Negative amounts indicate that the value of Trust funds are less than the value of the NRC Mmimum for the period ~nd~cated.
Page 2 of 2