ML100910127

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Decommissioning Funding Status Report
ML100910127
Person / Time
Site: Millstone Dominion icon.png
Issue date: 03/30/2010
From: Hartz L
Dominion Nuclear Connecticut
To:
Document Control Desk, NRC/FSME
References
10-111, FOIA/PA-2011-0115
Download: ML100910127 (5)


Text

I )ominion Nuclear Connecticut, Inc.

d,on Dominion Boulevard, Glen Allen, Virgini...' ; J(,O

\\.I. vddrcss: www.dom.com March 30, 2010 Attn: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 DOMINION NUCLEAR CONNECTICUT, INC.

MILLSTONE POWER STATION UNIT 1 DECOMMISSIONING FUNDING STATUS REPORT Serial No.

NLOSrrJS Docket No.

License No.10-111 R8 50-245 DPR-21 Pursuant to 10 CFR 50.75(f)(1), Dominion Nuclear Connecticut, Inc. (DNC) submits the attached information on the status of decommissioning funding for Millstone Power Station Unit 1 (MPS1). There have been no material changes to the trust agreements established for nuclear decommissioning of MPS1 since the last submittal (letter Serial No.09-038 dated March 30, 2009).

Table 1 provides the amount of decommissioning funds accumulated as of December 31, 2009, the current decommissioning cost estimate, and the escalation and earning rates assumed to demonstrate that the accumulated funds are sufficient.

The decommissioning cost estimate is based on the current (2008) site-specific decommissioning cost study and conservatively includes spent fuel management and non-radiological decommissioning costs. Table 2 provides a cash flow analysis based on annual expenditures identified in the decommissioning cost study and shows the accumulated funds are sufficient to cover not only radiological decommissioning costs but also spent fuel management and non-radiological costs.

Should you have any questions regarding this submittal, please contact Mr. David A. Sommers at (804) 273-2823.

Sincerely,

'-?) 7#;;

Leslie N. Hart~

(./

Vice President - Nuclear Support Services Attachment Commitments made by this letter: None

cc:

U. S. Nuclear Regulatory Commission Region I 475 Allendale Road King of Prussia, PA 19406-1415 Mr. J. B. Hickman NRC Project Manager, MPS-1 U. S. Nuclear Regulatory Commission Two White Flint North Mail Stop T-8 F5 11545 Rockville Pike Rockville, MD 20852-2738 NRC Senior Resident Inspector Millstone Power Station Serial NO.1 0-111 MPS1 Funding Status Page 2 of 2

Attachment NUCLEAR DECOMMISSIONING FUNDING STATUS REPORT Millstone Power Station Unit 1 Dominion Nuclear Connecticut, Inc.

Serial NO.1 0-111 Docket No. 50-245 Attachment Page 1 of 2 DOMINION NUCLEAR CONNECTICUT, INC.

Nuclear Decommissioning Financial Assurance Summary Information as of 12131109 (Table 1) estimate in :

Decommissioning Funding Status Report for Millstone Unit 1 Updated Decommissioning Funding Worksheet as of 1213112009 (in Millions) 421.850 Remaining Decommissioning cost Decommissioning Cost Estimate Decommissioning Trust Funds 286.110 Unit 1 Qualified Fund Balance as of:

12/31/2009 Unit 1 Non-Qualified Fund Balance as of:

12/31/2009 286.110 Total Decommissioning Fund Balance as of:

12/31/2009 Inputs 2010 Start year of Analysis 4.73%

Escalation Rate (2010 & Beyond) 6.73%

After Tax Earnings - Long Term (assumes 2% Real Rate of Retum)

Annual Expenditures Projected Annual Expenditures as shown in Table 2

Serial No.10-111 Docket No. 50-245 Attachment Page 2 of 2 DOMINION NUCLEAR CONNECTICUT, INC.

Nuclear Decommissioning Financial Assurance Annual Earnings and Expenditures as of 12/31/09 (Table 2)

Remaining U1 expenditures from 1/112010 through end of Decommissioning (In 1/1/2010 $)

421.850 I

315.161 4.950 300.313 4.884 1,503.512 0.027 1,604.640 0.004 364.333 4.950 1,408.969 3.453 382.401 4.950 330.755 4.950 401.380 4.950 347.132 4.950 442.260 4.950 1,566.900 39.319 464.262 4.950 1,772.640 110.170 487.379 4.950 511.666 4.950 2,475.630 74.159 537.186 4.950 1,349.471 37.295 2,843.225 6.234 564.001 4.950 592.180 4.950 421.316 4.950 621.793 4.950 652.914 4.950 2,542.734 1.137 685.623 4.950 679.010 22.215 721.873 1.136 2,389.419 1.137 767.487 1.136 816.030 1.136 2,245.453 1.137 867.692 1.136 922.678 1.136 2,110.263 1.137 981.197 1.138 2,706.013 1.137 1,983.308 1.133 1,784.082 8.089 1,864.065 7.692 1,709.296 1.427 1,335.504 1.136 1,420.669 1.136 1,607.886 1.136 1,511.343 1.136 1,255.509 1.136 1,180.367 1.136 1,109.782 1.140 1,043.487 1.137 End Remaining of Unit 1 Decom Year Expenditures Balance in 1/1/2010 $

6.557 4.982 5.184 4.757 5.430 0.036 4.542 5.686 0.252 4.337 30.283 5.980 4.141 5.955 6.237 3.954 6.532 7.858 3.789 4.884 7.557 3.609 6.283 3.448 6.841 7.164 3.287 7.503 6.579 7.216 3.139 8.229 2.997 8.618 6.890 9.026 2.862 9.900 9.453 2.732 43.404 38.757 38.915 51.029 10.858 10.368 314.435 312.351 540.712 841.262 Projected Unit 1 Expenditures (in future $)

ySolut/ons Cost Study* Remaining Decom Costs (In FV Millions $)

2029 2024 2049 2052 2030 2025 2022 2023 2050 2028 2043 2026 2020 2032 2054 2051 2027 2033 2018 2047 2048 2017 2031 2053 2016 2035 2056 2036 2046 2057 2021 2037 2038 2045 2039 2058 2040 2041 2044 2019 2042 2034 2055 2010 2011 2012 2014 2013 2015 Year Remaining U1 expenditures (In future $)