ENOC-09-00007, Status Decommissioning Funding for Plants Operated by Entergy Nuclear Operations, Inc. for Year Ending December 31, 2008 - 10 CFR 50.75(f)(1)

Status Decommissioning Funding for Plants Operated by Entergy Nuclear Operations, Inc. for Year Ending December 31, 2008 - 10 CFR 50.75(f)(1)

ML090920576
Person / Time
Site:	Palisades, Indian Point, Pilgrim, Vermont Yankee, Big Rock Point, FitzPatrick
Issue date:	03/30/2009
From:	Mccann J Entergy Nuclear Operations
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
ENOC-09-00007, FOIA/PA-2010-0090, NUREG-1307, RIS 2001-07, FOIA/PA-2013-0151
Download: ML090920576 (11)

Text

• Entergy Entergy Nuclear Operations, Inc.

440 Hamilton Avenue White Plains, NY 10601 John F. McCann Director Nuclear Safety and Licensing March 30, 2009 ENOC-09-00007 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk 11555 Rockville Pike Rockville, MD 20852-2738 (301) 415-7000

References:

Entergy Nuclear Operations, Inc.

Indian Point Nuclear Generating Stations 1, 2 and 3 Docket Nos. 50-3, 50-247 and 50-286 Vermont Yankee Nuclear Power Station Docket No. 50-271 Pilgrim Nuclear Power Station Docket No. 50-293 James A. FitzPatrick Nuclear Power Plant Docket No. 50-333 Palisades Nuclear Plant Docket No. 50-255 Big Rock Point Docket 50-155 Status of Decommissioning Funding for Plants Operated by Entergy Nuclear Operations, Inc.

For Year Ending December 31, 2008 - 10 CFR 50.75(f)(1)

1.

NUREG-1307, "Report on Waste Burial Charges,"

November 2008.

Revision 13, dated

2.

NRC Regulatory Issue Summary 2001-07, "10 CFR 50.75(f)(1) Reports on the Status of Decommissioning Funds (Due March 31, 2001)."

Dear Sir or Madam:

10 CFR 50.75(f)(1) requires each power reactor licensee to report to the NRC by-March 31, 1999, and every two years thereafter, on the status of its decommissioning funding for each reactor, or share of a reactor, that it owns. On behalf of Entergy Nuclear Indian Point 2 LLC, Entergy Nuclear Indian Point 3 LLC, Entergy Nuclear Vermont Yankee LLC, Entergy Nuclear Generation Company (Pilgrim Station), Entergy Nuclear FitzPatrick LLC, and Entergy Nuclear Palisades LLC (Palisades and Big Rock Point), Entergy Nuclear Operations, Inc.

hereby submits the information requested for power reactors operated by Entergy Nuclear Operations, Inc. The reports, provided in Attachments 1 thru 8 for the six listed plants, were prepared in accordance with NUREG-1307 (Reference 1) and NRC Regulatory Issue Summary 2001-07 (Reference 2).

ENOC-09-00007 There are no new commitments made in this letter. If you have any questions, please contact Ms. Charlene Faison at 914-272-3378.

Sincerely, JFM/CDF/AYE Attachments: As described above cc: Next page.

2

ENOC-09-00007 cc: all w/attachments USNRC Regional Administrator, Region I USNRC Regional Administrator, Region III USNRC Project Manager, Indian Point 1 USNRC Project Manager, Indian Point 2 USNRC Project Manager, Indian Point 3 USNRC Project Manager, FitzPatrick USNRC Project Manager, Vermont Yankee USNRC Project Manager, Pilgrim USNRC Project Manager, Palisades

.USNRC Project Manager, Big Rock Point USNRC Resident Inspector, Indian Point 2 USNRC Resident Inspector, Indian Point 3 USNRC Resident Inspector, FitzPatrick USNRC Resident Inspector, Vermont Yankee USNRC Resident Inspector, Pilgrim USNRC Resident Inspector, Palisades Michigan Department of Environmental Quality Michigan Public Service Commission Mr. David O'Brien, Commissioner Department of Public Service 120 State Street - Drawer 20 Montpelier, VT 05602 Mr. Paul Eddy NYS Department of Public Service 3 Empire State Plaza Albany, NY 12223 Ms. Victoria JI Brown, Esq.

Primmer Piper Eggleston & Cramer PC 150 S. Champlain Street P.O. Box 1489 Burlington, VT 05402 3

ENOC-09-00007 Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Indian Point 1-For Year Ending December 31, 2008 - 10 CFR 50.75(f)(1)

Plant 1.

Name: Indian Point Nuclear Generating Unit No. 1 Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c).

2.

Amount accumulated to the end of the calendar year preceding the date of the report (December 31, 2008).

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2016) based on current Indian Point 2 operating license..

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2036) with 20 year Indian Point 2 operating license renewal.

3.

A schedule of the annual amounts remaining to be collected.

4.

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

5.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

1

6.

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

7.

Any material changes to trust agreements.

$ 337.53 million [Note]

$ 235.35 million

$ 275.75 million

$ 409.75 million None.

2% annual real rate of return on funds per 10 CFR 50.75(e)(1 )(i)

None.

None.

None.

Note:

In accordance with 10 CFR 50.75(c)(1)(i) PWR reactors below 1200 MWt are to use this minimum value. Indian Point 1 had a thermal power level of 615 MWt. (Refer to, pg. 15, of June 8, 2001 letter, M. R. Kansler to USNRC regarding "Response to June 5, 2001 Letter, Indian Point Nuclear Generating Unit Nos. 1 and 2, Transfer of Facility Operating License (TAC Nos. MB0743 and MB0744).")

1 ENOC-09-00007 Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Indian Point 2 For Year Ending December 31, 2008 - 10 CFR 50.75(f)(1)

Plant Name: Indian Point Nuclear Generating Unit No. 2

1.

Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c).

2.

Amount accumulated to the end of the calendar year preceding the date of the report (December 31, 2008).

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2016) based on current operating license.

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2036) based on 20 year license renewal.

3.

A schedule of the annual amounts remaining to be collected.

4.

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

5.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

6.

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

7.

Any material changes to trust agreements.

Note:

Includes provisional fund balance of $29.39 million.

$ 407.52 million

$ 312.39 million [Note]

$ 366.02 million

$ 543.88 million None.

2% annual real rate of return on funds per 10 CFR 50.75(e)(1 )(i)

None.

None.

None.

1 ENOC-09-00007 Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Indian Point 3 For Year Ending December 31, 2008 - 10 CFR 50.75(f)(1)

Plant Name: Indian Point Nuclear Generating Unit No. 3,

1.

Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c).

2.

Amount accumulated to the end of the calendar year preceding the date of the report (December 31, 2008).

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2018) based on current operating license.

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2038) based on 20 year license renewal.

3.

A schedule of the annual amounts remaining to be collected.

4.

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

5.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

6.

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

7.

Any material changes to trust agreements.

$ 407.52 million

$ 388.22 million

$ 473.24 million

$ 703.21 million None.

2% annual real rate of return on funds per 10 CFR 50.75(e)(1)(i)

None.

None.

None.

1 ENOC-09-00007 Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Vermont Yankee For Year Endinq December 31. 2008 - 10 CFR 50.75(f)(1)

Plant Name: Vermont Yankee Nuclear Power Station

1.

Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c).

2.

Amount accumulated to the end of the calendar year preceding the date of the report (December 31, 2008).

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2015) based on current operating license.

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2035) based on 20 year license renewal.

3.

A schedule of the annual amounts remaining to be collected.

4.

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

5.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

6.

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

7.

Any material changes to trust agreements.

$ 513.80 million

$ 372.01 million

$ 427.32 million

$ 634.98 million None.

2% annual real rate of return on funds per 10 CFR.50.75(e)(1)(i)

None.

None.

None.

1 ENOC-09-00007 Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Pilgrim For Year Ending December 31, 2008 - 10 CFR 50.75(f)(1)

Plant Name: Pilgrim Nuclear Power Station

1.

Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75.(b) and (c).

2.

Amount accumulated to the end of the calendar year preceding the date of the report (December 31, 2008).

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2015) based on current operating license.

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2035) based on 20 year license renewal.

3.

A schedule of the annual amounts remaining to be collected.

4.

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

5.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

6.

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

7.

Any material changes to trust agreements.

$ 518:23 million

$ 550.29 million

$ 632.11 million

$ 939.29 million None.

2% annual real rate of return on funds per 10 CFR 50.75(e)(1 )(i)

None.

None.

None.

1 ENOC-09-00007 Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - James A. Fitzpatrick For Year Ending December 31, 2008 - 10 CFR 50.75(f)(1)

Plant Name: James A. Fitzpatrick Nuclear Power Plant

1.

Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c).

2.

Amount accumulated to the end of the calendar year preceding the date of the report (December 31, 2008).

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2037).

3.

A schedule of the annual amounts remnaining to be collected.

4.

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

5.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

6.

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

7.

Any material changes to trust agreements.

$ 537.61 million

$ 423.62 million

$ 752.28 million None.

2% annual real rate of return on funds per 10 CFR 50.75(e)(1)(i)

None.

None.

None.

1 ENOC-09-00007 Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Palisades For Year Ending December 31, 2008 - 10 CFR 50.75(f)(1)

Plant Name: Palisades Nuclear Plant

1.

Amount of decommissioning funds estinated to be required pursuant to 10 CFR 50.75 (b) and (c).

2.

Amount accumulated to the end of the calendar year preceding the date of the report (December 31, 2008).

Fund balance with 2.0% annual growth to the midpoint of decommissioning (December 2034).

,3.

A schedule of the annual amounts remaining to be collected.

4.

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

5.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

6.

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

7.

Any material changes to trust agreements.

$ 376.92 million

$ 218.80 million

$ 366.15 million None.

2% annual real rate of return on funds per 10 CFR 50.75(e)(1)(i)

None.

None.

None.

1 ENOC-09-00007 Entergy Nuclear Operations, Inc.

Status of Decommissioning Funding - Big Rock Point For Year Endinq December 31. 2008 - 10 CFR 50.75(fl(1)

Plant Name: Big Rock Point ISFSl

1.

Amount of decommissioning funds required from most recent estimate (2003 dollars).

Decommissioning cost estimate escalated at 3% per year to 2008 dollars.

2.

Decommissioning Funding Assurance Method.

3.

A schedule of the annual amounts remaining to be collected.

4.

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

5.

Any contracts upon which the licensee is relying pursuant to 10 CFR 50,75(e)(1)(v).

6.

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

7.

Any material changes to trust agreements.

$ 2.74 million

$ 3.18 million Parent Guarantee ($5 million)

None.

Escalation rate:

3.0%

Rate of earnings: n/a None.

None.

None.

1