ML110910058

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Duke Energy Carolinas, LLC, Oconee Nuclear Station, McGuire Nuclear Station and Catawba Nuclear Station - Decommissioning Financial Assurance Reports
ML110910058
Person / Time
Site: Oconee, Mcguire, Catawba, McGuire  Duke Energy icon.png
Issue date: 03/30/2011
From: Waldrep B
Duke Energy Carolinas, Duke Energy Corp
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML110910058 (15)
v • d • e


Text

Benjamin C. Waldrep Duke Vice President UWEnergy Nuclear Corporate 10 CFR 50.75 Duke Energy Corporation 526 South Church Street Charlotte, NC 28202 Mailing Address:

ECO7H / P. 0. Box 1006 March 30, 2011 Charlotte, NC 28201-1006 7043828162 U. S. Nuclear Regulatory Commission 704 382 6056 fax Attn: Document Control Desk Washington, DC 20555-0001 Benjamin.Waldrep@duke-energy.com

Subject:

Duke Energy Carolinas, LLC Oconee Nuclear Station, Units 1, 2, and 3, Docket Nos. 50-269, 50-270, 50-287 McGuire Nuclear Station, Units 1 and 2, Docket Nos. 50-369, 50-370 Catawba Nuclear Station, Units 1 and 2, Docket Nos. 50-413, 50-414 Decommissioning Financial Assurance Reports Enclosed are the required Decommissioning Financial Assurance reports pursuant to 10 CFR 50.75(f)(1) for Oconee, McGuire, and Catawba Nuclear Stations. The report contains the following information for each nuclear plant:

(1)

Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c).

(2)

Amount accumulated to the end of the calendar year preceding the date of the report.

(3)

Schedule of annual amounts remaining to be collected.

(4)

Assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.

(5)

Contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(v).

(6)

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

(7)

Material changes to trust agreements.

The adjustment factors used in Item 1 for the calculation in 10 CFR 50.75(c)(2) are determined using the December 2010 indices from the U.S. Department of Labor, Bureau of Labor Statistics for labor, energy, and fuel and NUREG-1 307, Revision 14, for burial.

If there are any questions concerning this information, please contact Lesa Perkins at (704) 382-4081.

No regulatory commitments are included in this correspondence.

Sincerely, Benjamin C. Waldr Attachments

  • D NRC Decommissioning Funding Status Reports as of December 31, 2010 www. duke-energy. com

U. S. Nuclear Regulatory Commission March 30, 2011 Page 2 xc:

V. M. McCree, Region II Administrator U.S. Nuclear Regulatory Commission Marquis One Tower 245 Peachtree Center Avenue NE, Suite 1200 Atlanta, Georgia 30303-1257 J. F. Stang, Jr., Senior Project Manager (ONS)

U.S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 0-8 G9A Rockville, MD 20852-2738 J. H. Thompson, Project Manager (CNS & MNS)

U. S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 0-8 G9A Rockville, MD 20852-2738 A. T. Sabisch NRC Senior Resident Inspector Oconee Nuclear Station J. B. Brady NRC Senior Resident Inspector McGuire Nuclear Station G. A. Hutto, III NRC Senior Resident Inspector Catawba Nuclear Station S. E. Jenkins, Manager Radioactive & Infectious Waste Management SC Dept. of Health and Env. Control 2600 Bull St.

Columbia, SC 29201 W. L. Cox, Ill, Section Chief Div. of Environmental Health, RP Section NC Dept. of Env. & Natural Resources 1645 Mail Service Center Raleigh, NC 27699

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 Duke Energy Carolinas, LLC Oconee Nuclear Station 100% Ownership Unit #1 Oconee Unit I

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).
  • Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

434,069,139 Qualified Non Qualified 195,612,476 11,023,817 Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Qualified 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 609,159 Non Qualified 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 5,253,398 Total 10,964,862 94,561,172

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A

7. Any material changes to trust agreements.

N/A

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 Duke Energy Carolinas, LLC Oconee Nuclear Station 100% Ownership Unit #2 Oconee Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).
  • Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

434,069,139 Qualified Non Qualified 206,007,407 8,971,902 Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Qualified 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 1,030,255 Non Qualified 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 4,275,558 Total 18,544,590 76,960,051

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A

7. Any material changes to trust agreements.

N/A

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 Duke Energy Carolinas, LLC Oconee Nuclear Station 100% Ownership Unit #3 Oconee Unit 3

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).

Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

434,069,139 Qualified Non Qualified 291,422,491 4,031,462 Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Qualified 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 6,225,153 Non Qualified 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192 1,921,192

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

Total 118,277,907 inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A 36,502,656

7. Any material changes to trust agreements.

N/A

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 Duke Energy Carolinas, LLC McGuire Nuclear Station 100% Ownership Unit #1 McGuire Unit 1 466,987,774

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).

Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

Qualified 274,123,853 Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Qualified 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 7,047,069 Non Qualified 1,264,456 Non Qualified 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 60?,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576 602,576

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

Total 183,223,794 inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A 15,666,979

7. Any material changes to trust agreements.

N/A

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 Duke Energy Carolinas, LLC McGuire Nuclear Station 100% Ownership Unit #2 McGuire Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).

Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

466,987,774 Qualified Non Qualified 328,600,594 Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 Qualified 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 10,150,481 Non Qualified

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

Total 284,213,468 inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A

7. Any material changes to trust agreements.

N/A

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 Duke Energy Carolinas, LLC Catawba Nuclear Station 19.246% Ownership Unit #1 Catawba Unit I

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).
  • Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

89,876,467 Qualified Non Qualified 54,466,459 3,406,166 Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 Qualified 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 997,941 Non Qualified

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

Total 27,942,348 inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A N/A

7. Any material changes to trust agreements.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 Duke Energy Carolinas, LLC Catawba Nuclear Station 19.246% Ownership Unit #2 Catawba Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).
  • Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

89,876,467 Qualified Non Qualified 48,994,860 10,553,557 Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 Qualified 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 1,294,217 Non Qualified

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

Total 36,238,076 inflation -4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A N/A

7. Any material changes to trust agreements.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 North Carolina Electric Membership Corporation Catawba Nuclear Station 30.754% Ownership Unit #1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Total

4. The assumptions used regarding escalation in decommissioning inflation -

cost, rates of earnings on decommissioning funds, and rates of rate of return -

other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

143,617,420 67,484,121 Amount 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 76,133,310 2.82 %

4.34 %

Not Applicable No

7. Any material changes to trust agreements.

No

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 North Carolina Electric Membership Corporation Catawba Nuclear Station 30.754% Ownership Unit #2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

143,617,420

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

67,484,121 Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Amount 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 2,307,070 Total

4. The assumptions used regarding escalation in decommissioning inflation -

cost, rates of earnings on decommissioning funds, and rates of rate of return -

other factors used in funding projections;

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

76,133,310 2.82 %

4.34 %

Not Applicable No No

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 North Carolina Municipal Power Agency 1 Catawba Nuclear Station 37.5% Ownership Unit #1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

175,120,415

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

  • 129,035,874 Amount 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 Total 9,625,000
  1. of years to collect 22.00
  • 2032 is the last year of the current Participant Project Power Sales Agreement.
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections; Escalation - 4.0%

Rate of return - 5.5%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

None None None

7. Any material changes to trust agreements.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 North Carolina Municipal Power Agency 1 Catawba Nuclear Station 37.5% Ownership Unit #2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

175,120,415

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

  • 123,831,426 Amount 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 437,500 Total 9,625,000
  1. of years to collect 22
  • 2032 is the last year of the current Participant Project Power Sales Agreement.
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

Escalation - 4.0%

Rate of return - 5.5%

None None None

7. Any material changes to trust agreements.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 Piedmont Municipal Power Agency Catawba Nuclear Station 12.5% Ownership Unit #1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 58,373,472 27,763,958 Amount

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$18,042,936

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512

$241,512 Total 25,771,315 inflation rate of return

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

4.0%

5.5%

No No No

7. Any material changes to trust agreements.

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2010 Piedmont Municipal Power Agency Catawba Nuclear Station 12.5% Ownership Unit #2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c)).
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 58,373,472 29,350,783 Amount

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$17,940,304

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880

$138,880 22,384,458 inflation rate of return No No Total

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

4.0%

5.5%

7. Any material changes to trust agreements.

No

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