ML090930690
| ML090930690 | |
| Person / Time | |
|---|---|
| Site: | North Anna  |
| Issue date: | 03/30/2009 |
| From: | Kees R Old Dominion Electric Cooperative |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML090930690 (3) | |
Text
March 30, 2009 United States Nuclear Regulatory Commission Attention: Document Control Desk Washington, D.C. 20555-0001 Ladies and Gentlemen:
Old Dominion Electric Coopemtive OLD DOMINION ELECTRIC COOPERATIVE NORTH ANNA POWER STATION UNITS I AND 2 LICENSE NOS. NPF-4,7 DECOMMISSIONING FINANCIAL ASSURANCE In compliance with 10 CFR 50.75(f)(1), Old Dominion Electric Cooperative (Old Dominion) is providing this report on the status of its decommissioning funding for each of the two nuclear power reactors as referenced above. provides the following information:
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2009 NRC Minimum Financial Assurance Amount Projected Annual Escalation Factors In Decommissioning Costs Funds Held in External Trusts at December 31, 2008 Old Dominion's Current Annual Sinking Fund Contributions Expected Earnings On Existing Decommissioning Funds Annual Funding Levels Necessary to Meet 2009 NRC Minimum Financial Assurance Amount In accordance with 10 CFR 50.75 (e)(1)(ii), Old Dominion provides financial assurance by the external sinking fund method. Concurrent with the preceding declarations and in accordance with 10 CFR 50.75(f)(1), Old Dominion states that since the time of the last submitted report there have been no changes to its current methods of providing financial assurance and there have been no material changes to trust agreements.
Please contact us if you have any questions or require additional information.
Sincerely, Robert L. Kees Senior Vice President and Chief Financial Officer Attachments cc:
US Nuclear Regulatory Commission Region II Sam Nunn Atlanta Federal Center 61 Forsyth Street, S.W. Suite 23T85 Atlanta, Georgia 30303 James T. Reece NRC Senior Resident Inspector North Anna Power Station Innsbrook Corporate Center
- 4201 Dominion Boulevard - Glen Allen, Virginia 23060 Tel: 804-747-0592 www.odec.com Fax: 804-747-3742
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OLD DOMINION ELECTRIC COOPERATIVE NORTH ANNA POWER STATION UNITS 1 AND 2 LICENSE NOS. NPF-4.7 DECOMMISSIONING FINANCIAL ASSURANCE cc:
David A. Christian Senior Vice President and Chief Nuclear Officer Virginia Electric and Power Company 5000 Dominion Boulevard Glen Allen, VA 23060
Attachment I OLD DOMINION ELECTRIC COOPERATIVE NORTH ANNA POWER STATIONS UNITS 1 AND 2 2009 NUCLEAR DECOMMISSIONING FINANCIAL ASSURANCE In Millions, unless otherwise noted North Anna' Unit North Anna' Unit 1
NPF-4 2
NPF-7 Total For All Units Method for Providing Financial Assurance 2009 NRC Minimum Financial Assurance Amount:
Funds Held In External Trust At December 31, 20082:
Funds Held in External Trusts as of 12/31/08 minus NRC Minimum Amount as of 12/31/08 Projected Annual Escalation Factors In Decommissiong Costs:
Expected Earnings On Existing Decommissioning Funds:
Year Operating License Expires:
(reflects license renewal) 2009 NRC Minimum Financial Assurance Amounts Stated In Future Dollars (at start of Decommissioning)
Funds held in ExternalTrusts in Future Dollars (at start of Decommissioning)
Funds in Excess to NRC Minimum In Future Dollars Old Dominion's Current Annual Sinking Fund Contributions 2*
3 :
Annual Funding Levels Necessary To Meet 2009 NRC Minimum Financial Assurance Amount:
External Sinking Fund
$42.41
$28.14 (14.27) 3.982%
7.762%
2038
$174.26
$246.01
$71.75
$0.00 External Sinking Fund
$42.41
$84.82
$28.08
$56.23 (14.33) 3.982%
7.762%
3.982%
7.762%
2040
$173.87
$285.04
$111.18
$348.12
$531.05
$182.93
$0.00
$0.00 0.00 0.00 0.00 1 The North Anna Power Station is jointly owned by Virginia Electric and Power Company (88.4%) and Old Dominion Electric Cooperative (11.6%). However, Old Dominion Electric Cooperative is responsible for 10.74%
of the decommissioning obligation. The amounts stated in the above tables reflect only that portion of the decommissioning obligation attributable to Old Dominion Electric Cooperative.
' Excludes amounts designated for the decommissioning of the independent spent fuel storage installation.
3Old Dominion Electric Cooperative relies upon the external sinking fund method for providing financial assurance.