ML101020720
| ML101020720 | |
| Person / Time | |
|---|---|
| Site: | Saint Lucie, Point Beach, Turkey Point  |
| Issue date: | 05/12/2010 |
| From: | Justin Poole Plant Licensing Branch III |
| To: | Nazar M Florida Power & Light Co |
| Poole Justin/DORL/LPL3-1/ 301-415-2048 | |
| References | |
| Download: ML101020720 (5) | |
Text
UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C. 20555-0001 May 12, 2010 Mr. Mano Nazar Executive Vice President Chief Nuclear Officer Florida Power & Light Company P.O. Box 14000 Juno Beach, Florida 33408-0420
SUBJECT:
ST. LUCIE UNITS 1 AND 2, TURKEY POINT UNITS 3 AND 4, POINT BEACH UNITS 1 AND 2 - REQUEST FOR ADDITIONAL INFORMATION RE: DECOMMISSIONING FUNDING STATUS REPORT
Dear Mr. Nazar:
On March 27, 2009, the Nuclear Regulatory Commission (NRC) received Florida Power & Light Company's biennial decommissioning funding report (Agencywide Documents Access and Management System (ADAMS) Accession No. ML0909003(6) for St. Lucie Units 1 and 2, Turkey Point Units 3 and 4, and Point Beach Units 1 and 2.
The NRC staff is reviewing the provided information and has determined that additional information is required to complete the review. The specific information requested is addressed in the enclosure to this letter. During a discussion with your staff on April 1, 2010, it was agreed that you would provide the additional information within 30 days of the date of this letter.
The NRC staff considers that timely responses to requests for additional information help ensure sufficient time is available for staff review and contribute toward the NRC's goal of efficient and effective use of staff resources. If circumstances result in the need to revise the requested response date, please contact me at (301) 415-2048.
Sincerely, Justin C. Poole, Project Manager Plant Licensing Branch 111-1 Division of Operating Reactor Licensing Office of Nuclear R.eactor Regulation Docket Nos. 50-335, 50-389, 50-250, 50-251.50-266, and 50-301
Enclosure:
Request for Additional Information cc w/encl: Distribution via ListServ
REQUEST FOR ADDITIONAL INFORMATION ST. LUCIE UNITS 1 AND 2, TURKEY POINT UNITS 3 AND 4, AND POINT BEACH NUCLEAR POWER PLANT, UNITS 1 AND 2 DOCKET NOS. 50-335, 50-389, 50-250, 50-251,50-266, AND 50-301 The following requests for additional information are in response to the Biennial Decommissioning Funding Status Report, dated March 27, 2009, from Florida Power & Light Company (FPL). Since the licensee and its management are in possession of all facts relating to a licensee's decommissioning trust funds, they are responsible for the completeness and accuracy of the information they provide under the provisions of Title 10 of the Code of Federal Regulations (10 CFR) Part 50.9.
The NRC [Nuclear Regulatory Commission] reserves the right to take the following steps in order to ensure a licensee's adequate accumulation of decommissioning funds: review, as needed, the rate of accumulation of decommissioning funds; and, either independently or in cooperation with the FERC [Federal Energy Regulatory Commission] and the licensee's State PUC [Public Utility Commission], take additional actions as appropriate on a case-by-case basis, including modification of a licensee's schedule for the accumulation of decommissioning funds.
Question 1 As part of the 2009 Biennial Decommissioning Funding Status Report, FPL reported fund balances for decommissioning trusts as of December 31,2008, as follows:
Point Beach Unit 1: $180.9 million Point Beach Unit 2: $170.5 million As part of the 2007 Biennial Decommissioning Funding Status Report, Nuclear Management Company, LLC reported fund balances for decommissioning trusts as of December 31, 2006, as follows:
Point Beach Unit 1: $438.6 million Point Beach Unit 2: $442.9 million Please explain, in sufficient detail, the reasons for the declines in fund values of 58 percent for Point Beach Unit 1 and 61 percent for Point Beach Unit 2.
Question 2 As part of the 2009 Biennial Decommissioning Funding Status Report, FPL reported fund balances for decommissioning trusts as of December 31, 2008, as follows:
Enclosure
- 2 St. Lucie Unit 1: $561.8 million St. Lucie Unit 2: $535.1 million As part of the 2007 Biennial Decommissioning Funding Status Report, FPL reported fund balances for decommissioning trusts as of December 31, 2006, as follows:
St. Lucie Unit 1: $342.6 million St. Lucie Unit 2: $381.9 million Please explain, in sufficient detail, the reasons for the increases in fund values.
Question 3 As part of the 2009 Biennial Decommissioning Funding Status Report, FPL reported fund balances for decommissioning trusts as of December 31, 2008, as follows:
Turkey Point Unit 3: $479.2 million Turkey Point Unit 4: $538 million As part of the 2007 Biennial Decommissioning Funding Status Report, FPL reported fund balances for decommissioning trusts as of December 31,2006, as follows:
Turkey Point Unit 3: $348.4 million Turkey Point Unit 4: $366.2 million Please explain, in sufficient detail, the reasons for the increases in fund values.
Question 4 Please provide the name and address of the fund manager or managers who provide investment oversight for the trust funds for the above referenced plants. Also provide the annual asset allocation of each trust fund, including a general description of each asset class and the percentage of the fund allocated to that class for each trust fund for calendar years 2006, 2007 and 2008.
Question 5 Indicate if any withdrawals were made from any of the above referenced decommissioning trust funds for the period of December 31, 2006, to December 31, 2008.
Question 6 Indicate if any transfers were made to any of the above referenced decommissioning trust funds for the period of December 31,2006, to December 31,2008. Describe the structure of the overall decommissioning trust fund, including but not limited to: if and how the funds are divided into sub-funds or subaccounts, which and how many funds are qualified or non-qualified, how the funds collected are allocated to any sub-fund or subaccount, etc.
- 3 Question 7 Based on the results of a spot check review of FPL bank statements on January 13, 2010, the reviewer noted several discrepancies between the financial/bank statements and decommissioning trust fund balances reported to the NRC in March 2009 as part of the Biennial Decommissioning Funding Status Report. Please indicate trust fund balances for all FPL units as of December 31, 2009.
Mr. Mano Nazar May 12, 2010 Executive Vice President Chief Nuclear Officer Florida Power &Light Company P.O. Box 14000 Juno Beach, Florida 33408-0420
SUBJECT:
ST. LUCIE UNITS 1 AND 2, TURKEY POINT UNITS 3 AND 4, POINT BEACH UNITS 1 AND 2 - REQUEST FOR ADDITIONAL INFORMATION RE: DECOMMISSIONING FUNDING STATUS REPORT
Dear Mr. Nazar:
On March 27, 2009, the Nuclear Regulatory Commission (NRC) received Florida Power & Light Company's biennial decommissioning funding report (Agencywide Documents Access and Management System (ADAMS) Accession No. ML090900306) for St. Lucie Units 1 and 2, Turkey Point Units 3 and 4, and Point Beach Units 1 and 2.
The NRC staff is reviewing the provided information and has determined that additional information is required to complete the review. The specific information requested is addressed in the enclosure to this letter. During a discussion with your staff on April 1, 2010, it was agreed that you would provide the additional information within 30 days of the date of this letter.
The NRC staff considers that timely responses to requests for additional information help ensure sufficient time is available for staff review and contribute toward the NRC's goal of efficient and effective use of staff resources. If circumstances result in the need to revise the requested response date, please contact me at (301) 415-2048.
Sincerely, IRAJ Justin C. Poole, Project Manager Plant Licensing Branch 111-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Docket Nos. 50-335, 50-389, 50-250, 50-251, 50-266, and 50-301
Enclosure:
Request for Additional Information cc w/encl: Distribution via ListServ DISTRIBUTION:
PUBLIC RidsNrrLABTully Resource LPL3-1 rtf RidsNrrPMPointBeach Resource RidsNrrDorlLpl3-1 Resource RidsNrrDorlLpl2-2 Resource RidsRgn3MailCenter Resource RidsOgcRp Resource RidsRgn2MailCenter Resource RidsAcrsAcnw_MailCTR Resource RidsNrrDprPfpb Resource LPL2-2 rtf RidsNrrDorlDpr Resource RidsNrrPMStLucie Resource RidsNrrPMTurkeyPoint Resource ADAMS Accession Number' ML101020720 OFFICE LPL3-1/PM LPL2-2/PM LPL3-1/LA NRR/PFPB/BC LPL2-2/BC LPL3-1/BC NAME JPoole BMozafari BTuily RCarlson DBroaddus RPascarelli DATE 04/19/10 04/19/10 04/16/10 04/20/10 05/03/10 05/12/10 OFFICIAL RECORD COPY