ML090910082

ISFSI, and Monticello, Decommissioning Funding Status Reports

ML090910082
Person / Time
Site:	Monticello, Prairie Island
Issue date:	03/31/2009
From:	Salamon G Xcel Energy
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
L-XE-09-005
Download: ML090910082 (6)

Text

414 Nicollet Mall - MP4 Xcel Energy@ Minneapolis, MN 55401 31 March 2009 L-XE-09-005 10 CFR 50.75(f)(1)

U.S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555 Prairie Island Nuclear Generating Plant, Monticello Nuclear Generating Plant Units 1 and 2 Docket 50-263 Dockets 50-282, 50-306 Renewed License No. DPR-22 License Nos. DPR-42 and DPR-60 Prairie Island Independent Spent Fuel Storage Installation Docket 72-10 Materials License No. SNM-2506 Decommissionina Funding Status Reports The enclosed decommissioning funding status reports are being submitted in accordance with 10 CFR 50.75, "Reporting and Recordkeeping for Decommissioning Planning," Paragraph (f)(l), for the aforementioned plants. Per Regulatory Issue Summary (RIS) 2001-07, Rev. 1 the radiological decommissioning, spent fuel management, and site restoration cost are addressed in Enclosure 4.

As holder of the plant operating licenses, Northern States Power Company, a Minnesota corporation (NSPM) d/b/a Xcel Energy is submitting these reports on behalf of the plant owner identified in each respective report. The financial information presented herein, current as of December 31, 2008.

This letter contains no new commitments and no revisions to existing commitments.

Gabor Salamon Acting Director, Nuclear Licensing and Emergency Preparedness Northern States Power-MinnesotaIXcel Energy 4 Enclosures cc: Administrator, Region Ill, USNRC Project Managers, above listed plants, USNRC NRC Resident Inspectors, above listed plants, USNRC

Document Control Desk Page 2 ENCLOSURES Enclosure Plant Title 1 Prairie Island Nuclear Generating Decommissioning Funding Status Plant, Unit 1 (PI1) Report 2 Prairie Island Nuclear Generating Decommissioning Funding Status Plant, Unit 2 (PI2) Report 3 Monticello Nuclear Generating Plant Decommissioning Funding Status (MNGP) Report 4 All Xcel Energy Breakdown of Annual Contributions and Trust Fund Balance (RIS 2001-0, Rev. 1) 4 pages follows

Document Control Desk Page 3 ENCLOSURE 1 Prairie Island Nuclear Generating Plant, Unit 1 Docket No. 50-282 License No. DPR-42 Decommissioning Funding Status Report As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c). $345,720,472

2. The amount accumulated at the end of the calendar year preceding the date of the report. External $304,371,503 The internal fund is being transferred to the external fund on a prescribed schedule. Internal $1,007,688 (Radiological only. Previous reports presented total Total $305,379,191 Radiological, Spent Fuel, and Site Restoration Costs.

For Breakdown of all components see pages 4 and 5)

3. A schedule of the annual amounts remaining to be Annual Years to collected. Annuity Collect The external funding amount is on a prescribed $11,254,252 4.8 yrs schedule per MPUC Docket# E-002/M-05-1648 effective March 23, 2006.

4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.

Plant Owner (% Ownership) Rate of Escalation Real Rate of Earnings Factor Return (Nominal Rate (Inflation) (Projected)

Of Return)

Xcel Energy (100%)- Prairie Island 1 5.40% 3.61% 1.79%

Basis for Allowance:

Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Consumer Price Index, and the Chained Price Index for Gross Domestic Product, as well as other forecasted data. Note: These rates apply to external funds only.

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e) (1) (v). None

6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None

7. Any material changes to trust agreements. None

Document Control Desk Page 4 ENCLOSURE 2 Prairie Island Nuclear Generating Plant, Unit 2 Docket 50-306 License DPR-60 Decommissioning Funding Status Report As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c). $345,720,472

2. The amount accumulated at the end of the calendar year preceding the date of the report. External $326,548,023 The internal fund is being transferred to the external fund on a prescribed schedule. Internal $1,282,479 (Radiological only. Previous reports presented total Total $327,830,502 Radiological, Spent Fuel, and Site Restoration Costs.

For Breakdown of all components see pages 4 and 5)

3. A schedule of the annual amounts remaining to be Annual Years to collected. Annuity Collect The external funding amount is on a prescribed schedule per MPUC Docket# E-002/M-05-1648 $12,655,613 5.8 yrs effective March 23, 2006.

4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.

Plant Owner (% Ownership) Rate of Escalation Real Rate of Earnings Factor Return (Nominal Rate (Inflation) (Projected)

Of Return)

Xcel Energy (100%)- Prairie Island 2 5.40% 3.61% 1.79%

Basis for Allowance:

Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Consumer Price Index, and the Chained Price Index for Gross Domestic Product, as well as other forecasted data. Note: These rates apply to external funds only.

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e) (1) (v). None

6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None

7. Any material changes to trust agreements. None

Document Control Desk Page 5 ENCLOSURE 3 Monticello Nuclear Generating Plant Docket No. 50-263 License No. DPR-22 Decommissioning Funding Status Report As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis beginning March 31, 1999, and every two years thereafter on the status of its decommissioning funding for each reactor or share of reactor it owns.

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c). $498,552,739

2. The amount accumulated at the end of the calendar year preceding the date of the report. External $347,349,209 The internal fund is being transferred to the external fund on a prescribed schedule. Internal $804,193 (Radiological only. Previous reports presented total Radiological, Spent Fuel, and Site Restoration Costs.

For Breakdown of all components see pages 4 and 5) Total $348,153,402

3. A schedule of the annual amounts remaining to be Annual Annuity Years to collected. Collect The external funding amount is on a prescribed schedule per MPUC Docket# E-002/M-05-1648

$6,217,024 11.75 yrs effective March 23, 2006.

4. Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.

Plant Owner (% Ownership) Rate of Escalation Real Rate of Earnings Factor Return (Nominal Rate (Inflation) (Projected)

Of Return)

Xcel Energy (100%)- Monticello 5.40% 3.61% 1.79%

Basis for Allowance:

Xcel Energy files a triennial decommissioning study with the Minnesota Public Utilities Commission for approval. A portion of the study is dedicated to an internal analysis of inflation factors surrounding the various components necessary to perform the decommissioning function. The analysis utilizes long-range inflation projections published by Global Insight, the Consumer Price Index, and the Chained Price Index for Gross Domestic Product, as well as other forecasted data. Note: These rates apply to external funds only.

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e) (1) (v). None

6. Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report. None

7. Any material changes to trust agreements. None

Document Control Desk Page 6 ENCLOSURE 4 The following table is the radiological decommissioning, spent fuel management, and site restoration segmentation of the trust fund balances for PI1 and PI2 and MNGP.

Trust Fund Balances Prairie Island Unit 1 2008 2009 Radiological Decommissioning 370,245,731 305,379,191 Spent Fuel Management 24,146,461 19,916,034 Site Restoration 8,048,820 6,638,678 Total 402,441,012 331,933,904 Prairie Island Unit 2 2008 2009 Radiological Decommissioning 387,142,205 327,830,502 Spent Fuel Management 30,111,059 25,497,927 Site Restoration 12,904,741 10,927,684 Total 430,158,005 364,256,113 Monticello 2008 2009 Radiological Decommissioning 445,161,360 348,153,402 Spent Fuel Management 31,797,240 24,868,100 Site Restoration 12,229,708 9,564,654 Total 489,188,308 382,586,156 The following annual contributions table shows the approximate accrual segmentation for radiological decommissioning, spent fuel management, and site restoration for PI1 and PI2 and MNGP.

Annual Contributions Prairie Island Unit 1 2008/2009 Radiological Decommissioning 11,254,252 76.1%

Spent Fuel Management 2,262,688 15.3%

Site Restoration 1,279,421 8.6%

Total 14,796,361 100.0%

Prairie Island Unit 2 2008/2009 Radiological Decommissioning 12,655,613 67.1%

Spent Fuel Management 4,218,637 22.4%

Site Restoration 1,972,830 10.5%

Total 18,847,080 100.0%

Monticello Unit 1 2008/2009 Radiological Decommissioning 6,217,024 71.2%

Spent Fuel Management 1,687,552 19.3%

Site Restoration 821,901 9.4%

Total 8,726,477 100.0%