ML090910148
| 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,'('(,{!
\\Xc'!) ;\\ddress: www.dom.com March 30, 2009 United States Nuclear Regulatory Commission Attention: Document Control Desk Washington, D. C. 20555-0001 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 Serial No.
NL&OSITJS Docket Nos.
License Nos.09-038 R3 50-280,281 50-338,339 50-245,336,423 50-305 DPR-32,37 NPF-4,7 DPR-21, 65 NPF-49 DPR-43 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 provides the following information for MPS Unit 1:
Decommissioning Funding Status Report for Millstone Unit 1 Updated Decommissioning Funding Worksheet as of 12131/2008 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. Hartzif Vice President Nuclear Support Services Virginia Electric and Power Company Dominion Nuclear Connecticut, Inc.
Dominion Energy Kewaunee, Inc.
Attachments: - - -
NAPS and SPS Decommissioning Financial Assurance MPS Units 2 and 3 Decommissioning Financial Assurance MPS Unit 1 Annual Decommissioning Funding Worksheet 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 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
VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/31/08 Serial No.09-038 I
ISerial No.09-038 (Dominion) I VIRGINIA ELECTRIC AND POWER COMPANY I
Nuclear Decommissioning Financial Assurance as of 12/3112008 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
VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/31/08 Serial No.09-038 ISerial No.09-038 (Dominion) 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 VIRGINIA ELECTRIC AND POWER COMPANY Nuclear Decommissioning Financial Assurance as of 12/31/08 Iserial No.09-038 (Dominion) I VIRGINIA ELECTRIC AND POWER COMPANY I
Nuclear Decommissioning Financial Assurance as of 12/3112008 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 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 DOMINION NUCLEAR CONNECTICUT, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/08 I
I Dominion Nuclear Connecticut, Inc.
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
DOMINION NUCLEAR CONNECTICUT, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/08 Serial No.09-038 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%
Massachusetts Municipal WEC nfa 4.80%
Total nla 100.00%
Page 2 of 3
DOMINION NUCLEAR CONNECTICUT, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/08 Serial No.09-038 I
Serial No. 09.{)38 (DNG)
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 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 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
DOMINION NUCLEAR CONNECTICUT, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/08 Serial No.09-038 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 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 DOMINION ENERGY KE\\"IAUNEE, INC.
Nuclear Decommissioning Financial Assurance as of 12131/2008 I
Serial No. 09*038 (DEK)
Dominion Energy KewauneE!, Inc. (DEK)
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 DOMINION ENERGY KE\\/vAUNEE, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/2008 I
Dominion Energy KewauneEl, Inc. (DEK)
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 DOMINION ENERGY KE\\,VAUNEE, INC.
Nuclear Decommissioning Financial Assurance as of 12/31/2008 I
Dominion Energy KewauneE!. Inc. (DEK)
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