ML090910148

Decommissioning Funding Status Report

ML090910148
Person / Time
Site:	Millstone, Kewaunee, Surry, North Anna
Issue date:	03/30/2009
From:	Hartz L Dominion, Dominion Energy Kewaunee, Dominion Nuclear Connecticut, Dominion Resources Services, Virginia Electric & Power Co (VEPCO)
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
09-038, FOIA/PA-2011-0115
Download: ML090910148 (19)

Text

Dominion Resources Services, Inc.

(1(10 Dominion Boulevard, Glen Allen, VA 2,'('(,{!

March 30, 2009

\Xc'!) ;\ddress: www.dom.com United States Nuclear Regulatory Commission Serial No.09-038 Attention: Document Control Desk NL&OSITJS R3 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 NPF-49 DPR-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)(1), 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 referenced above. provides the following information for North Anna Power Station (NAPS) and Surry Power Station (SPS):

Table I - NRC Minimum Financial Assurance Amount as of 12/31/2008 Table II - Allocated Radiological Funds Held in External Trusts at 12/31/2008 Table 111- Current Annual Funding Levels Table IV- NRC Minimum Financial Assurance Summary Table Present Value & Future Value provides the following information for Millstone Power Station (MPS) Units 2 & 3:

Table I - NRC Minimum Financial Assurance Amount as of 12/31/2008 Table II - Funds Held in External Trusts as of 12/31/2008 Table 111- Current Annual Funding Levels Table IV- NRC Minimum Financial Assurance Summary Table Present Value & Future Value

Serial No.09-038 Docket Nos. 50-280/281, 338/339, 245/336/423, 305 Page 2 of 4 Attachment 3 provides the following information for MPS Unit 1:

Decommissioning Funding Status Report for Millstone Unit 1 Updated Decommissioning Funding Worksheet as of 12131/2008 Attachment 4 provides the following information for Kewaunee Power Station (KPS):

Table I - NRC Minimum Financial Assurance Amount as of 12/31/2008 Table II - Funds Held in External Trusts as of 12/31/2008 Table 111- Current Annual Funding Levels Table IV- NRC Minimum Financial Assurance Amounts Present Value & Future Value Since the previous submittal of March 29, 2007, there have been no material changes to trust agreements established for nuclear decommissioning of the SPS, NAPS, MPS, or KPS units.

Please contact Mr. David A. Sommers at (804) 273-2823 if you have any questions or require additional information.

Sincerely,

. -~J~;; .

Leslie N. Hartz if Vice President Nuclear Support Services Virginia Electric and Power Company Dominion Nuclear Connecticut, Inc.

Dominion Energy Kewaunee, Inc.

Attachments:

Attachment 1- NAPS and SPS Decommissioning Financial Assurance Attachment 2- MPS Units 2 and 3 Decommissioning Financial Assurance Attachment 3 MPS Unit 1 Annual Decommissioning Funding Worksheet Attachment 4- KPS Decommissioning Financial Assurance Commitments made in this letter: None

Serial No.09-038 Docket Nos. 50-280/281, 338/339, 245/336/423, 305 Page 3 of 4 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 19406-1415 U. S. Nuclear Regulatory Commission Region III 2443 Warrenville Road, Suite 210 Lisle, IL 60532-4351 NRC Senior Resident Inspector Surry Power Station NRC Senior Resident Inspector North Anna Power Station NRC Senior Resident Inspector Millstone Power Station NRC Senior Resident Inspector Kewaunee Power Station Ms. C. J. Sanders NRC Project Manager (MPS Units 2 & 3)

U. S. Nuclear Regulatory Commission One White Flint North 11555 Rockville Pike Mail Stop 0-8 83 Rockville, MD 20852-2738 Mr. J. 8. Hickman NRC Project Manager (MPS Unit 1)

U. S. Nuclear Regulatory Commission Two White Flint North Mail Stop 0-8 F5 11545 Rockville Pike Rockville, MD 20852-2738

Serial No.09-038 Docket Nos. 50-280/281, 338/339, 245/336/423, 305 Page 4 of 4 Ms. D. N. Wright NRC Project Manager (NAPS and SPS)

U. S. Nuclear Regulatory Commission, Mail Stop 0-8 H4A One White Flint North 11555 Rockville Pike Rockville, MD 20852-2738 Mr. J. F. Stang, Jr NRC Project Manager U. S. Nuclear Regulatory Commission, Mail Stop 0-8 G9A One White Flint North 11555 Rockville Pike Rockville, MD 20852-2738 Mr. P. S. Tam NRC Project Manager (KPS)

U. S. Nuclear Regulatory Commission, Mail Stop 0-8 H4A One White Flint North 11555 Rockville Pike Rockville, MD 20852-2738 Mr. J. E. Reasor, Jr.

Old Dominion Electric Cooperative Innsbrook Corporate Center 4201 Dominion Blvd.

Suite 300 Glen Allen, VA 23060 Mr. Joseph Roy Massachusetts Municipal Wholesale Electric Co.

Moody Street, P. O. Box 426 Ludlow, MA 01056 Mr. Stephen Page Central Vermont Public Service Corp.

77 Grove Street Rutland, VT 05701

Attachment 1 Serial No.09-038 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 12/31/08

Serial No.09-038 Attachment 1 VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/31/08 I ISerial No.09-038 (Dominion)

Attachment 1 I VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/3112008 I Table I: page 1 of 3 NRC Minimum Financial Assurance Amount as of 12131/2008 (Millions of Dollars)

(see note 1) (see note 1)

Surry Surry North Anna North Anna Customer Unit 1 Unit2 Unil1 Unit 2 Total Classification DPR-32 DPR-37 NPF-4 NPF-7 All Units Virginia State Corporation Commission (VSCC) $ 290.84 $ 290.84 $ 284.06 $ 284.06 $ 1.149.79 Company Contribution $ - $ $ - $ - $ -

North Carolina Utilities Commission $ 17.29 $ 17.29 $ 16.17 $ 16.17 $ 66.92 Federal Energy RegUlatory Commission $ 21.19 $ 21.19 $ 9.15 $ 9.15 $ 60.67 Virginia Retail (not underVSCC jurisdiction) $ 44.02 $ 44.02 $ 42.77 $ 42.77 $ 173.58 Unallocated $ 774 $ 774 $ (134) $ (134) $ 1279 Total $ 381.1 $ 381.1 $ 350.8 $ 350.8 $ 1,463.8 Table II:

Allocated Radiological Funds Held In Extemal Trusts at 12/31/2008 (Millions of Dollars)

(see note 2) (see nole 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 Virginia State Corporation Commission (VSCC) $ 160.6 $ 157.3 $ 140.8 $ 135.3 $ 594.0 Company Contribution $ 0.8 $ 0.9 $ 0.2 $ 0.2 $ 2.1 North Carolina Utilities Commission $ 9.9 $ 11.4 $ 11.1 $ 10.7 $ 43.0 Federal Energy Regulatory Commission $ 7.8 $ 8.8 $ 2.3 $ 2.2 $ 21.2 Virginia Retail (not underVSCC jurisdiction) $ 22.7 $ 25.1 $ 22.5 $ 21.3 $ 91.7 Unallocated $ - $ - $ - $ - $ -

Total $ 201.9 $ 203.5 $ 176.9 $ 169.7 $ 752.0 Page 1 of 3

Serial No.09-038 Attachment 1 VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/31/08 ISerial No.09-038 (Dominion)

Attachment 1 I

I VIRGINIA ELECTRIC AND POWER COMPANY I Nuclear Decommissioning Financial Assurance as of 1213112008 Table III: page 2 of 3 Current Annual Funding Levels (Millions of Dollars)

(see note 1 ) (see note 1 )

Surry Surry North Anna North Anna Customer Unit 1 Unit2 Unit 1 Unit 2 Total Classification DPR-32 DPR-37 NPF-4 NPF-7 All Units IMginia Stale Corporation Commission (VSCC) $ - $ - $ $ $ -

Company Contribution $ 0.2 $ 0.3 $ 0.1 $ 0.0 $ 0.6 North Carolina Utilities Commission $ - $ - $ - $ $ -

Federal Energy Regulatory Commission $ 0.2 $ 0.3 $ 0.2 $ 0.2 $ 0.9

~rginia Retail (not underVSCC jurisdiction) $ 0.9 $ 1.0 $ 0.8 $ 0.7 $ 3.4 Unallocaled $ - $ - $ - $ - $

Total $ 1.4 $ 1.5 $ 1.0 $ 1.0 $ 4.8 Page 2 of 3

Serial No.09-038 Attachment 1 VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/31/08 Iserial No.09-038 (Dominion)

Attachment 1 I

VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/3112008 I Table IV: page 3 of 3 NRC Minimum Financial Assurance Summary Table Present Value & Future Value (Millions of Dollars ~ except percentages and years)

(see note 1) (see note 1)

Surry Surry North Anna North Anna Customer Unit 1 Unit2 Unit 1 Unit 2 Total Classification DPR-32 DPR*37 NPF*4 NPF*7 All Units External External External External Method for Providing Finandal Assurance Sinking Fund Sinking Fund Sinking Fund Sinking Fund NRC Minimum Amounts as of 1213112008 $ 381.1 $ 381.1 $ 350.8 $ 350.8 $ 1,463.8 Funds in Extemal Trusts as of 12131/2008 $ 296.4 $ 291.5 $ 239.0 $ 225.6 $ 1,052.6 (See Note 2)

Allocated Radiological Funds in Extemal Trusts as of 1213112008 $ 201.9 $ 203.5 $ 176.9 $ 169.7 $ 752.0 (See Notes 2 & 3)

Allocated Radiological Funds in Extemal Trusts as of 1213112008 Minus NRC Minimum Amount as of 1213112008 $ (179.2) $ (177.6) $ (173.9) $ (181.1) $ (711.8)

(See Notes 3 & 4)

Annual Trust Funds Eamings Rate (After Tax & Fees - assumes 2% Real Rate of Return) 2.00% 2.00% 2.00% 2.00%

Year That Operating License Expires (Reflects Ucense Renewal for Suny and North Anna) 2032 2033 2038 2040 Allocated Radiological Funds in excess or (underfunded) to NRC Minimum In Future Dollars (3.5 years after start of Decommissioning) $ 4.4 $ 21.8 $ 30.3 $ 30.3 $ 86.7 (See Notes 3, 4 & 5)

Notes:

(1) The Norlh Anna Power Station is jointly owned by Virginia Electric and Power Company (88.4%) and Old Dominion Elecllic Cooperative (11.6%). However, Virginia Electric and Power Company is responsible for (89.26%) of the Decommissioning obligation. The amounts stated in the above tables reflect only that portion ofthe Decommissioning obligation attributable to Virginia Electric and Power Company.

(2) The total Trust balances since the March 29,2007 filing have deaeased. This decrease is due solely to the economic downturn and the resultant losses in fund value.

(3) The Allocated Radiological Funds amounts shown excludes amounts designated for the future Deconmissioning of the Independent Spent Fuel Storage Installations(ISFSls),

spent fuel management, and non-radiological decommissioning.

(4) Negative amounts indicate that the value of Trust funds are less than the value of the NRC Minimum for the period indicated.

(5) The Future Value calculation for Surry and North Anna reflects 2% Real Rate of Return applied from 11112009 to 3.5 years after start of Decommissioning Page 3 of 3

Attachment 2 Serial No.09-038 DOMINION NUCLEAR CONNECTICUT, INC. (DNC)

MILLSTONE POWER STATION UNITS 2 AND 3 DECOMMISSIONING FINANCIAL ASSURANCE Nuclear Decommissioning Financial Assurance as of 12/31/08

Serial No.09-038 Attachment 2 DOMINION NUCLEAR CONNECTICUT, INC.

Nuclear Decommissioning Financial Assurance as of 12/31/08 Dominion Nuclear Connecticut, Inc.

I Serial No.09-038 (DNC)

Attachment 2 I Millstone Power Station Nuclear Decommissioning Financial Assurance as of 1213112008 Table I: page 1 of 3 NRC Minimum Financial Assurance Amount as of 1213112008 (Millions of Dollars)

(see Note 5) (See Note 1)

MPS MPS MPS Unit 1 Unlt2 Unit 3 Total U3 Ownership DPR*21 DPR-65 NPF-49 U2&U3 Ownership %

Dominion Nudear Connecticut, lne. nla $ 401.2 $ 398.7 $ 799.8 93.47%

Central Vermont PSC nla nla $ 7.4 $ 7.4 1.73%

Massachusetts Municipal WEC nla nla $ 20.5 $ 20.5 4.80%

Total nla S 401.2 S 426.5 S 827.7 100.00%

Table II:

Funds Held In External Trusts as of 12/31/2008 (Millions of Dollars)

(see Note 5) (see Note 1)

MPS MPS MPS Unit 1 Unit 2 Unit 3 Total U3 Ownership DPR*21 DPR-65 NPF-49 U2&U3 Ownership %

Dominion Nudear Connecticut, Inc. nla $ 290.9 $ 286.9 $ 577.8 93.47%

Central Vermont PSC nla nla $ 4.2 $ 4.2 1.73%

Massachusetts Municipal WEC nla nla $ 16.2 $ 16.2 4.80%

Total (see no'. 2 nla $ 290.9 $ 307.3 $ 598.2 100.00%

Page 1 of 3

Serial No.09-038 Attachment 2 DOMINION NUCLEAR CONNECTICUT, INC.

Nuclear Decommissioning Financial Assurance as of 12/31/08 I Serial No.09-038 (DNC)

Attachment 2 I Dominion Nuclear Connecticut, Inc.

Millstone Power Station Nuclear Decommissioning Financial Assurance as of 12131/2008 Table III: page 2 of 3 Current Annual Funding Levels (Millions of Dollars)

(See Note 5) (See Note 1)

MPS MPS MPS Unit 1 Unit 2 Unit 3 Total U3 Ownership DPR*21 DPR-65 NPF-49 U2&U3 Ownership %

Dominion Nudear Connecticut, Inc. nfa $ - $ - $ 93.47%

Central Vermont PSC nfa $ - $ - $ - 1.73%

Massachusetts Municipal WEC nfa $ - $ - $ - 4.80%

Total nla $ . $ . $ 100.00%

Page 2 of 3

Serial No.09-038 Attachment 2 DOMINION NUCLEAR CONNECTICUT, INC.

Nuclear Decommissioning Financial Assurance as of 12/31/08 I Serial No. 09.{)38 (DNG)

Attachment 2 I Dominion Nuclear Connecticut, Inc.

Millstone Power Station Nuclear Decommissioning Financial Assurance as of 12/31/2008 Table IV: page 3 of 3 NRC Minimum Financial Assurance Summary Table Present Value & Future Value (Millions of Dollars - except percentage and years)

(See Note 5) (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 nla Pre-payment Pre-payment NRC Minimum Amounts as of 1213112008 nla $ 401.2 $ 426.5 $ 827.7 Funds in Extemal Trusts as of 12131/2008 (See note 2) nla $ 290.9 $ 307.3 $ 598.2 Funds in External Trusts as of 1213112008 Minus NRC Minimum Amounts as of 1213112008 (See notes 2 & 3) nla $ (110.2) $ (119.2) $ (229.5)

Annual Trust Funds Eamings Rate (After Tax & Fees - assumes 2% Real Rate of Return) nla 2.00% 2.00%

Year That Operating License Expires Retired (Reflects License Renewal for Unit 2 and Unit 3) 1998 2035 2045 Funds in excess or (underfunded) to NRC Minimum In Future Dollars (3.5 years after start of Decommissioning) nla $ 120.6 $ 245.3 $ 365.9 (see notes 3 & 4)

Noles:

(1) Millstone Unit3 is jointly owned by Dominion Nuclear Connecticut, Inc.(93.4707%), Central Vermont PSC (1.7303%) and Massachusetts MlJ1icipal \/VEe (4.7990%).

(2) The External Trust FlI1ds shown reflect the total amount of funds in the Trusts, all of which are available for Radiological Decommissioning. The total of the Trusts since the March 29, 2007 filing have decreased. This decrease is due solely to the economic downturn and the resultant losses in Trust FlJ"ld value.

(3) Negative amounts indicate that the value of Trust funds are less than the value of the NRC Minimum for the period irdicated.

(4) The Future Value caleuation for Miilstone U2 and U3 reflects 2% Real Rale of Return applied from 1/1/2009 to 3.5 years after star! of Decommissioning.

(5) The MPS Unit 1 Decommissioning Furding Worksheet is shown as a separate atta:hment.

Page 3 of 3

Attachment 3 Serial No.09-038 DOMINION NUCLEAR CONNECTICUT, INC. (DNC)

MILLSTONE POWER STATION UNIT 1 DECOMMISSIONING FUNDING WORKSHEET Nuclear Decommissioning Financial Assurance as of 12/31/08

Serial No.09-038 Attachment 3 DOMINION NUCLEAR CONNECTICUT, INC.

Nuclear Decommissioning Financial Assurance as of 12/31/08 Decommissioning Funding Status Report for Millstone Unit 1 Updated Decommissioning Funding Worksheet as of 12/31/2008 (in Millions)

Decommissionin Cost Estimate

$ 404.849 Remaining Decommissioning cost estimate in : 1/1/2009 Dollars Decommissioninq Trust Funds

$ 243.686 Unit 1 Qualified Fund Balance as of. 12/31/2008

$ - Unit 1 Non-Qualified Fund Balance as of. 12/31/2008

$ 243.686 Total Decommissioning Fund Balance as of: 12/31/2008 Decommissioning Annual Expenditures (2009 - 2027)

$ 3.869 SAFSTOR monitoring (2009-2027) amount in: 1/1/2009 Dollars

$ 0.826 Decommissioning activities (2009-2027) amount in: 1/1/2009 Dollars

$ 4.695 Total Annual Expenditures (2009-2027) amount in: 1/1/2009 Dollars Inputs 2009 Start year of Analysis 4.02% Escalation Rate 6.02% After Tax EarninQs - LonQ Term (assumes 2% Real Rate of Return)

Page 1 of 2

Serial No.09-038 Attachment 3 DOMINION NUCLEAR CONNECTICUT, INC.

Nuclear Decommissioning Financial Assurance as of 12/31/08 2008 Energy Solutions (vendor) Cost Study Estimate Basis - Remaining Decom Costs (in FV Millions $)

Beginning End Remaining of Projected of Unit 1 Decom Year Projected Unit 1 Expenditures Year Expenditures Year Balance Earnings (in future $) Balance in 1/1/2009 $

2009 $ 243.686 $ 14.537 $ 4.695 $ 253.529 $ 4.695 2010 $ 253.529 $ 15.124 $ 4.884 $ 263.769 $ 4.695 2011 $ 263.769 $ 15.735 $ 5.080 $ 274.424 $ 4.695 2012 $ 274.424 $ 16.371 $ 5.285 $ 285.510 $ 4.695 2013 $ 285.510 $ 17.032 $ 5.497 $ 297.045 $ 4.695 2014 $ 297.045 $ 17.721 $ 5.719 $ 309.047 $ 4.695 2015 $ 309.047 $ 18.437 $ 5.949 $ 321.535 $ 4.695 2016 $ 321.535 $ 19.182 $ 6.188 $ 334.528 $ 4.695 2017 $ 334.528 $ 19.957 $ 6.437 $ 348.048 $ 4.695 2018 $ 348.048 $ 20.763 $ 6.696 $ 362.115 $ 4.695 2019 $ 362.115 $ 21.602 $ 6.966 $ 376.752 $ 4.695 2020 $ 376.752 $ 22.476 $ 7.246 $ 391.982 $ 4.695 2021 $ 391.982 $ 23.384 $ 7.537 $ 407.829 $ 4.695 2022 $ 407.829 $ 24.330 $ 7.841 $ 424.318 $ 4.695 2023 $ 424.318 $ 25.313 $ 8.156 $ 441.475 $ 4.695 2024 $ 441.475 $ 26.337 $ 8.484 $ 459.328 $ 4.695 2025 $ 459.328 $ 27.402 $ 8.826 $ 477.904 $ 4.695 2026 $ 477.904 $ 28.510 $ 9.181 $ 497.234 $ 4.695 2027 $ 497.234 $ 29.664 $ 9.550 $ 517.347 $ 4.695 2028 $ 517.347 $ 29.820 $ 44.581 $ 502.587 $ 21.069 2029 $ 502.587 $ 30.202 $ 2.371 $ 530.418 $ 1.077 2030 $ 530.418 $ 31.876 $ 2.467 $ 559.827 $ 1.077 2031 $ 559.827 $ 33.644 $ 2.566 $ 590.906 $ 1.077 2032 $ 590.906 $ 35.513 $ 2.669 $ 623.750 $ 1.077 2033 $ 623.750 $ 37.488 $ 2.776 $ 658.462 $ 1.077 2034 $ 658.462 $ 39.576 $ 2.893 $ 695.145 $ 1.079 2035 $ 695.145 $ 41.782 $ 3.008 $ 733.920 $ 1.078 2036 $ 733.920 $ 44.114 $ 3.136 $ 774.898 $ 1.081 2037 $ 774.898 $ 46.579 $ 3.251 $ 818.226 $ 1.077 2038 $ 818.226 $ 49.185 $ 3.382 $ 864.029 $ 1.077 2039 $ 864.029 $ 51.940 $ 3.518 $ 912.451 $ 1.077 2040 $ 912.451 $ 54.852 $ 3.659 $ 963.643 $ 1.077 2041 $ 963.643 $ 57.931 $ 3.806 $ 1,017.768 $ 1.077 2042 $ 1,017.768 $ 61.187 $ 3.959 $ 1,074.996 $ 1.077 2043 $ 1,074.996 $ 64.597 $ 5.177 $ 1,134.417 $ 1.354 2044 $ 1,134.417 $ 67.413 $ 30.515 $ 1,171.315 $ 7.672 2045 $ 1,171.315 $ 69.646 $ 30.186 $ 1,210.774 $ 7.296 2046 $ 1,210.774 $ 72.793 $ 4.627 $ 1,278.940 $ 1.075 2047 $ 1,278.940 $ 76.893 $ 4.828 $ 1,351.005 $ 1.078 2048 $ 1,351.005 $ 81.228 $ 5.021 $ 1,427.212 $ 1.078 2049 $ 1,427.212 $ 85.812 $ 5.223 $ 1,507.800 $ 1.078 2050 $ 1,507.800 $ 90.660 $ 5.433 $ 1,593.027 $ 1.078 2051 $ 1,593.027 $ 95.787 $ 5.652 $ 1,683.162 $ 1.078 2052 $ 1,683.162 $ 100.415 $ 32.245 $ 1,751.333 $ 5.913 2053 $ 1,751.333 $ 93.476 $ 398.992 $ 1,445.817 $ 70.334 2054 $ 1,445.817 $ 68.520 $ 616.590 $ 897.747 $ 104.488 2055 $ 897.747 $ 47.182 $ 228.909 $ 716.020 $ 37.291 2056 $ 716.020 $ 36.328 $ 225.861 $ 526.487 $ 35.371 2057 $ 526.487 $ 31.058 $ 21.750 $ 535.795 $ 3.274 2058 $ 535.795 $ 32.269 $ 0.180 $ 567.884 $ 0.026 2059 $ 567.884 $ 34.206 $ 0.025 $ 602.065 $ 0.004 2060 $ 602.065 $ - $ - $ -

......,.,... U1.,.,."",......""" 1I1QOO9IIYO"'~ .,....,

Remaining U1 expenditures (in future $) "  : * ,

Estimated Funds at end of Decommissioning (In 1/112009 $) " '

Page 2 of 2

Attachment 4 Serial No.09-038 DOMINION ENERGY KEWAUNEE, INC. (DEK)

KEWAUNEE POWER STATION DECOMMISSIONING FINANCIAL ASSURANCE Nuclear Decommissioning Financial Assurance as of 12/31/08

Serial No.09-038 Attachment 4 DOMINION ENERGY KE\"IAUNEE, INC.

Nuclear Decommissioning Financial Assurance as of 12131/2008 Dominion Energy KewauneE!, Inc. (DEK)

I Serial No. 09*038 (DEK)

Attachment 4 Kewaunee Power Station Nuclear Decommissioning Financial AssLlrance as of 12131/2008 Table I: page 1013 NRC Minimum Financial Assurance Amount as of 12/31/2008 (Millions of Dollars)

Kewaunee Total Ownership DPR-43 Kewaunee Dominion Energy Kewaunee, Inc. S 359.1 $ 359.1 Total $ 359.1 $ 359.1 Table II:

Funds Held in External Trusts as of 12/3112008 (Millions of Dollars)

Kewaunee Total Ownership DPR-43 Kewaunee Dominion Energy Kewaunee, Inc. (see note 1) S 371.0 $ 371.0 Total S 371.0 S 371.0 Page 1 of 3

Serial No.09-038 Attachment 4 DOMINION ENERGY KE\/vAUNEE, INC.

Nuclear Decommissioning Financial Assurance as of 12/31/2008 Dominion Energy KewauneEl, Inc. (DEK)

I Serial No.09-038 (DEK)

Attachment 4 Kewaunee Power Station Nuclear Decommissioning Financial AssLlrance as of 12131/2008 Table III: page20f3 Current Annual Funding Levels (Millions of Dollars)

Kewaunee Total Ownership DPR-43 Kewaunee Dominion Energy Kewaunee, Inc. $ . $ .

Total $ . $ .

Page 2 of 3

Serial No.09-038 Attachment 4 DOMINION ENERGY KE\,VAUNEE, INC.

Nuclear Decommissioning Financial Assurance as of 12/31/2008 Dominion Energy KewauneE!. Inc. (DEK)

I Serial No.09-038 (DEK)

Attachment 4 Kewaunee Power Station Nuclear Decommissioning Financial AssLlrance as of 12131/2008 Table IV: page 3 of3 NRC Minimum Financial Assurance Amounts Present Value & Future Value (Millions of Dollars)

Kewaunee Total Ownership DPR-43 Kewaunee Method for Providing Financial Assurance Prepayment Prepayment NRC Minimum Financial Amounts as of 12131/2008 $ 359.1 $ 359.1 Funds in Extemal Trusts as of 12131/2008 (see note 1) $ 371.0 $ 371.0 Total Funds in Extemal Trusts as of 12131/2008 Minus NRC Minimum Amounts as of 12131/2008 (see note 2) $ 11.9 $ 11.9 Annual Trust Funds Eamings Rate (After - Tax & Fees - assumes 2% Real Rate of Retum) 2.00%

Date That Operating License Expires (refleds no License Renewal) (see note 4) 12/21/201" Funds in excess or (underfunded) to NRC Minimum In Future Dollars (3.5 Years after start of Decommissioning)(see notes 2 & 3) $ 71.4 $ 71.4 Notes:

(1) The External Trust Funds shown reflect the total amoll1t of funds in the Trusts all of which are av~ ilabla for radiological decommissioning. The total of the Trusts since the March 29,2007 filing have decreased. This decrease is due solely to the economic downtum and the resultant losses in Trust Fund value.

(2) Negative amounts (if any) indicate that the value of Trust funds are less than the value of the NRC Minimum for the period indicated.

(3) The Future Value calculation for Kewaunee reflects 2%') Real Rate of Return applied from 1/112009 to 3.5 years after start of Decommissioning.

(4) DEK applied to renew its operating license in August 2008 Page 3 of 3