ML080910094

Decommissioning Funding Status Report

ML080910094
Person / Time
Site:	Millstone
Issue date:	03/28/2008
From:	Hartz L Dominion Nuclear Connecticut
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
08-0117
Download: ML080910094 (5)

Text

Dominion Nuclear Connecticut, Inc.

~()()() Dominion Boulevard, Glen Allen, Virginia 2,060

\X'cb Address: www.dom.com March 28, 2008 Attn: Document Control Desk Serial No. 08-0117 U.S. Nuclear Regulatory Commission NLOSfTJS Rev 0 Washington, DC 20555-0001 Docket No. 50-245 License No. DPR-21 DOMINION NUCLEAR CONNECTICUT, INC.

MILLSTONE POWER STATION UNIT 1 DECOMMISSIONING FUNDING STATUS REPORT Pursuant to 10 CFR 50.75(f)(1), 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 since the last submittal (letter Serial No. 07-0174 dated March 29, 2007). DNC letter Serial No.05-318, dated October 21, 2005, notified NRC of disbursements for the annual costs for decommissioning activities and maintaining MPS Unit 1 in modified SAFSTOR of approximately four million dollars per year (in 2004 dollars) subject to 4.5 percent annual escalation over the period 2005 through 2010. The attached MPS Unit 1 decommissioning funding status remains consistent with these projected disbursements and 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.

Sincerely, A7/0d-

- Leslie N. HartzU Vice President - Nuclear Support Services Attachment Commitments made by this letter: None

Serial No. 08-0117 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. J. B. Hickman NRC Project Manager, MPS-1 U. S. Nuclear Regulatory Commission Two VVhite Flint North Mail Stop TWFN 08 F5 1154!5 Rockville Pike Rockville, MD 20852-2738 NRC Senior Resident Inspector Millstone Power Station

Attachment NUCLEAR DECOMMISSIONING FUNDING STATUS REPORT Millstone Power Station Unit 1 Dominion Nuclear Connecticut, Inc.

Serial No. 08-0117 Docket No. 50-245 Page 1 of 2 Decommissioning Funding Status Report for Millstone Unit 1 Updated Decommissioning Funding Worksheet as of 12/31/2007

$ 484,031,242 Decommissioning cost estimate (in 1999 dollars)

$ 674,758,891 Decommissioning cost estimate (in 2007 dollars)

Unit 1 Qualified Fund Balance as of 12/31/2007 $ 316,657,311 Unit 1 Non-Qualified Fund Balance as of 12/31/2007 $

Unit 1 Guarantee Amount $

Tota Fund Balances as of 12/31/2007 $ 316,657,311 Millstone Unit 1 Decommissioning Expenditures

$ 619,099,963 Estimated Remaining Decommissioning Costs (2008-2057) (in 12/31/2007 dollars)

$ 2,804,273 Annual monitoring cost during SAFSTOR (in 12/31/2007 dollars)

$ 1,726,405 Annual Decommissioning Activities (2008 - 2010) (in 12/31/2007 dollars) 4.24% Escalation Rate 6.24% After Tax Earnings - Long Term (assumes 2% RROR)

Projected Unit 1 Projected Beginning of Year Projected Expenditures End of Year Year Balance Earnings Escalated Balance 2~08 $ 316,657,311 $ 19,612,066 $ 4,722,779 $ 331,546,598 2009 $ 331,546,~8- $ ~O,534,909 $ 4,923,025 $ _ 347,158,483 2010 $ 347,15~~,483 $_~._21,502,578 $ . 5,131,761 $ 363,529,300 2011 $ 363,529,300 $ 22280,925 $ 3,~10,991 $ 3~2,I§9~

2012 $ _382,799,234- L 23,778,694 $ _ 3,460,833 $ 403,117,096 2013 $ 403,117,096 $_ _ 25,042,258 $ 3,597,715 $ 424,561,§;3~

2~14_ L~Ji61,6~~ $ 26,375,638 $ 3,750,259 $ 447,187,018 2015 $ 447,187,018. $ 27,782,501 $._ 3,909,270 $ 4-71,os<f249 2016 $ 471,060,249 $ 29J266,671 $ 4,086,187 $ .... 49?,.2.04Q,~1.

2017 $ __ 4!36,240,73.~ $ 30,832,890 $ 4,247,.~g~_ $ 522,825,819 20.1i! c!- 522,825,81B $ 32,486,180 $ 4,427,910 $ 550,884,089 2019 $ 550,884,089 $ 34,231,159 $ . .04,615,654 $ . §~g,-+/-99,594 2020 $-:5_80,499,~.04 $ 36,072,649 $ 4,824,539$ 611,747,704

.lQ21. $ 611,7<tZ~Z.9_+/-- $ 38,016,578 $ 5,015,~_~ _$__ 64.04,748,!3~

2022 $ 644,748,923 $ 40,069,219 $ 5,228,010 $ _ 679,590,131 2023 $ 679,590,131 $ 42,~36,394 $ _.5,449,678 $J16,376,847 2024 $ 716,376,847 $ . 44,524,190 $ 5,696,308 $ Z55,?0.04,7~Q.

2025 $ 755-,20~i30 $ 46,940,021 $ 5,921,608 $ 796,223,143.

2026 $ 796,223,143$-- 49,.491,736 $ 6,172,684 $ 839,542,1!3~

2JJll. ..!..-_839,542, 196 $ 52,186,680 $ .. 6,434,406 $. _ 885,294,469 2028 $ 8~5,294,469 $ 55,032,536 $ . 6,725,601 $ 933,601,405

-.?..Q?9 $ 933,E>Q.~ $ 58,038,589 $ 6,991,611 ~ 984,648,383

.lQ30_ . ~ 981.6i8_,3_a~ $ 61,214,~7~2 J-__  ?.. 288,055 $ 1'0c-c3.ccc8,-=,5-cc75.c.',-,-00c-c0-j 2031 $ 1,038,575,0.00 $ 64,.570,051 $~ 7,597,069. $ 1,095,547,9.?}

2032 $ 1,09§,547,983. $ 68,114,439 $ 7,940,881 $ 1,155,721,540 2Q33 $ 1,15~"721,_540_ $_-~59,469 $8)54,958 $ 1,219,326,052*

20~ ~.. 1,219,326,052 $ 75,817,471 $ 8,604,968 $ 1,286,538,554 2035 $ 1,286,538,554 $---80,000,147 $ 8,969,819* -~357,568,883 l- 2036 $ 1,3.57.§68,88I $ 84,419,775 $ 9,375,756 $ *1,432,612,~?.

2037 $ 1,432,612,902 $ 89,090,952 $ 9,746,585 $ 1,511~!35Z~

2038 $ 1,511,957,268 . ~ ~94,029, 147. $ 10,159,840 $ 1,595,826,575 2.9 39 ~~9~,-826,57~ $ 99,249,151 $ 10,590,617 $ 1,684,485,108 2040 $ 1,684,485,108 $ .. 104,766,490 $ 11,069,905 $ 1,778,181]93 2041 f--'-.

~--

$1,778,181,693*

- --- - .. -$ 110,599,496 $ _11,507,741 $ 1,877,273,448

. _...:....:...=-=-=.::.o..cc'-=-I---"-_

-.?JJ<t.? $ 1,8?Z~73,448 $ 116,767,598 $ 11,995,669 $~?,~~

~43 . $ 1 ,98~?,045,377_ $ 123,289,498 $ 12,504,286 $ 2,092,830,589

~44~_~.?,8~Q,58~ $._~1~_4,839 ...1..__ 13,070,178 s __ 2,209,rj..045,?<t~

?~.04~ ~ __ ?,209,945,?49 $137,476,665~$ 13,587,129 $ 2,333,834,786 2046 $ 2,333,834,786 $ 145,189,398 $ 14,163,223 $ 2,464,860,961

-.?.f.<1! $ 2:464]66,961 $ 153,346,695 $ 14,763,744 $ -2~~443,912

_2C48 $ 2,E)03,443,912 -$- - 159,290,584 $ 101,420,388 $ 2,661,314,107

.1.C49 $ 2,661,314,107 $--155,686,917 $ 332,662,917 $ 2,484,338,108 2C50 $ 2,484,338,108 $ 132,959,242 $ 707,162,044 $ 1,910,135,300

_2c:~=:L""::1,910,f35,3()6 $ 92,666,49~ $ 850,190,630-T1T52,6L1JlI 2.fgc1- 1,152,611....!Z?. s .. ~Q50,099 $ 572,847,391 $ 633,813,880 2C53 $ 633,813,880 $ 33,803,622 $ 184,178,351 $ 483,439,150 2cE"$* - 483,439,150 $.. 24,476,011 $ 182,390,775 $ 325,524,386

-2C~ $ .. _ 325,52~~~ $ _ _J7,236,236_J~_98,605,295-T--24Ll!f55.327 2~~Jl .. 244,~155,327 $_. J1,73~,~J~38,682 $143..~50,~

~57 Jl--143,650,091_ .._ _. _ _ _._ ..__. . _. . ..~

2C~ ..... __ _ ... __ .. . _

~..c;?!3 e - . - - _ .... 1-- _ . __ .. _._ ..._ . . ..

2060 f---.- .--.---.- I--- . _ - .. -... - _ . -

2061 Esltimated Funds at end of Decom (in 12131/2007 $) $ 7,399,304