ML101241213

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Letter from Thomas P. Rielly, Vista 360, to John Hickman, NRC, Regarding Zion Decommissioning Trust Fund(S)
ML101241213
Person / Time
Site: Zion  File:ZionSolutions icon.png
Issue date: 03/19/2010
From: Rielly T
Vista 360
To: John Hickman
NRC/FSME
References
Download: ML101241213 (1)


Text

Vista 360 649 Innsbruck Libertyville IL 60048 TEL: 312/680-0670 Friday, March 19, 2010 Mr. John Hickman U.S. Nuclear Regulatory Commission Mail Stop T-8F5 Washington, D.C. 20555-0001 Subject : Zion Decommissioning Trust Fund(s)

Dear Mr. Hickman It has come to our attention that the Zion Decommissioning Trust Fund balances have been adjusted downward by certain investments that cause the balances to be below what is necessary to provide adequate financial resources to undertake the Zion Nuclear Power Station's proposed Decommissioning process.

This asset valuation matter is also somewhat addressed by a letter to the U.S.

Nuclear Regulatory Commission Document Control Desk RS-10-019 dated January 26, 2010 from Exelon Generation and signed by Patrick Simpson of Exelon Generation Company LLC and Patrick Daly of Zion Solutions LLC.

Other releases that seem to be in the public domain also indicate this possibility.

We are a local Leadership Group engaged in the proposed Zion Decommissioning and would like to seek clarification on the Zion Decommissioning Trust Fund(s).

At your earliest convenience, could you please provide clarification on the following points

  1. 1 - What level of total Zion Decommissioning Trust Fund Financial Resources must be on hand as defined by their market value in Dollar Terms to adequately address and make provision for the currently ordered Decommissioning of the Zion Nuclear Power Station by the Licensee?
  1. 2 - What is the current market value of the qualified and non-qualified Zion Decommissioning Trust Fund accounts as of month end February 28, 2010?
  1. 3 - Could you also check with the Asset Management Trustee of Record as to what approximate per cent (%) of Assets Under Management in the Trust Fund Accounts were classified as Equities during calendar years 2007, 2008, 2009 and January, February 2010?

Thank you Thomas P. Rielly, Executive Principal via electronic submission 03192010