ML100431486

Entergy Nuclear Vermont Yankee Llc'S Status of Decommissioning Funding Assurance for Vermont Yankee Nuclear Power Station

ML100431486
Person / Time
Site:	Vermont Yankee File:NorthStar Vermont Yankee icon.png
Issue date:	02/19/2010
From:	James Kim Plant Licensing Branch 1
To:	Entergy Nuclear Operations
kim J, NRR/ADRO/DORL, 415-4125
References
TAC ME0583
Download: ML100431486 (2)

Text

UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C. 20555-0001 February 19, zoio Vice President, Operations Entergy Nuclear Operations, Inc.

Vermont Yankee Nuclear Power Station P.O. Box 250 Governor Hunt Road Vernon, VT 05354

SUBJECT:

ENTERGY NUCLEAR VERMONT YANKEE LLC'S STATUS OF DECOMMISSIONING FUNDING ASSURANCE FOR VERMONT YANKEE NUCLEAR POWER STATION (TAC NO. ME0583)

Dear Sir or Madam:

The Nuclear Regulatory Commission (NRC) staff had previously reviewed the October 29, 2009, submittal, outlining Entergy's plan of action to cover shortfalls in decommissioning funding disclosed in the Vermont Yankee Nuclear Power Station Biennial Decommissioning Funding Report that was submitted on March 30, 2009. On December 28, 2009, the NRC accepted Entergy's plan of action with the provision that the NRC staff would seek verification that adequate financial assurance would be established as of December 31,2009.

Based on the information provided by Entergy on January 28, 2010, the NRC staff finds that Vermont Yankee Nuclear Power Station as of September 30, 2009, had a Decommissioning Trust Fund Balance of $419.8 million. Entergy established a Parent Company Guarantee in the amount of $40 million by December 31, 2009, to provide additional financial assurance. NRC staff has determined that the Trust Fund Balance, projected to the time of permanent cessation of operations in 2012, plus the verification of a Parent Company Guarantee will cover the projected shortfall.

Sincerely, p ~.

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James Kim, Project Manager Plant Licensing Branch 1-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Docket No. 50-271 cc: Distribution via ListServ

February 19, 2010 Vice President, Operations Entergy Nuclear Operations, Inc.

Vermont Yankee Nuclear Power Station P.O. Box 250 Governor Hunt Road Vernon, VT 05354

SUBJECT:

ENTERGY NUCLEAR VERMONT YANKEE LLC'S STATUS OF DECOMMISSIONING FUNDING ASSURANCE FOR VERMONT YANKEE NUCLEAR POWER STATION (TAC NO. ME0583)

Dear Sir or Madam:

The Nuclear Regulatory Commission (NRC) staff had previously reviewed the October 29, 2009, submittal, outlining Entergy's plan of action to cover shortfalls in decommissioning funding disclosed in the Vermont Yankee Nuclear Power Station Biennial Decommissioning Funding Report that was submitted on March 30, 2009. On December 28,2009, the NRC accepted Entergy's plan of action with the provision that the NRC staff would seek verification that adequate financial assurance would be established as of December 31,2009.

Based on the information provided by Entergy on January 28, 2010, the NRC staff finds that Vermont Yankee Nuclear Power Station as of September 30, 2009, had a Decommissioning Trust Fund Balance of $419.8 million. Entergy established a Parent Company Guarantee in the amount of $40 million by December 31,2009, to provide additional financial assurance. NRC staff has determined that the Trust Fund Balance, projected to the time of permanent cessation of operations in 2012, plus the verification of a Parent Company Guarantee will cover the projected shortfall.

Sincerely, IRA!

James Kim, Project Manager Plant Licensing Branch 1-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Docket No. 50-271 cc: Distribution via ListServ DISTRIBUTION:

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