RA-11-004, Brunswick Unit 1 & 2, Crystal River Unit 3, Shearon Unit 1, and H.B. Robinson Unit 2, Biennial Decommissioning Funding Status Report

Brunswick Unit 1 & 2, Crystal River Unit 3, Shearon Unit 1, and H.B. Robinson Unit 2, Biennial Decommissioning Funding Status Report

ML110950366
Person / Time
Site:	Harris, Brunswick, Crystal River, Robinson
Issue date:	03/31/2011
From:	Alexander D Progress Energy Carolinas, Progress Energy Florida
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
RA-11-004
Download: ML110950366 (27)

Text

Progress Energy 10 CFR 50.75(f(1)

PO Box 1551 411 Fayetteville Street Mall Raleigh NC 27602 Serial: RA-1 1-004 March 31, 2011 United States Nuclear Regulatory Commission ATTENTION:

Document Control Desk Washington, DC 20555-0001 BRUNSWICK STEAM ELECTRIC PLANT, UNIT NOS. 1 AND 2 DOCKET NOS. 50-325 AND 50-324 / RENEWED LICENSE NOS. DPR-71 AND DPR-62 CRYSTAL RIVER UNIT 3 NUCLEAR GENERATING PLANT DOCKET NO. 50-302 / LICENSE NO. DPR-72 SHEARON HARRIS NUCLEAR POWER PLANT, UNIT NO. 1 DOCKET NO. 50-400 / RENEWED LICENSE NO. NPF-63 H. B. ROBINSON STEAM ELECTRIC PLANT, UNIT NO. 2 DOCKET NO. 50-261 / RENEWED LICENSE NO. DPR-23 BIENNIAL DECOMMISSIONING FUNDING STATUS REPORT Ladies and Gentlemen:

Pursuant to 10 CFR 50.75(f)(1), Carolina Power & Light Company, now doing business as Progress Energy Carolinas, Inc., and Florida Power Corporation, now doing business as Progress Energy Florida, Inc., submit this biennial status report for funding the decommissioning of each reactor listed above.The specific information required by 10 CFR 50.75(f)(1) is listed on Attachments 1 through 5.Pursuant to 10 CFR 50.75(e)(1)(ii), Carolina Power & Light Company has authorization from the rate-setting authority of North Carolina to use a real rate of return greater than 2% for the North Carolina portion of the qualified decommissioning trust fund. In particular, the Public Staff of the North Carolina Utilities Commission (NCUC) reviewed the 2009 Decommissioning Cost and Funding Report filed on July 14, 2010, which indicated a projected net-of-tax rate of return of 6.00% for the qualified decommissioning trust fund and a projected cost escalation rate of 3% (resulting in a real rate of return of 3%). The Public Staff subsequently filed a report to the NCUC on March 17, 2011, in which they stated, "The projected rates of return appear to be reasonable and appropriate for the 2009 Cost Studies." The NCUC issued an order on February 5, 2004, directing Carolina Power & Light Company to transition funds held in its internal reserve to the external nuclear decommissioning trust. This transition began in 2008, and as directed, the minimum annual transfer is 10% of the internal fund balance as of December 31, 2007. These transfers are shown on Attachments 1 -4.As of December 31, 2010, the total assets in the Carolina Power & Light Company qualified decommissioning trust funds were approximately allocated as 57%, 31%, and 12% in Domestic Equity, United States Nuclear Regulatory Commission RA- 11-004 Page 2 Fixed Income, and International Equity, respectively.

As of December 31, 2010, the total assets in the Carolina Power & Light Company non-qualified decommissioning trust funds were approximately allocated as 100% in Municipal Bonds.As of December 31, 2010, the total assets in the Florida Power Corporation qualified decommissioning trust funds were approximately allocated as 54%, 31%, and 14% in Domestic Equity, Fixed Income, and International Equity, respectively.

As of December 31, 2010, the total assets in the Florida Power Corporation non-qualified decommissioning trust funds were approximately allocated as 100.0% in Municipal Bonds.This document contains no new regulatory commitment.

As a convenience to the NRC, the biennial status report from the North Carolina Eastern Municipal Power Agency (NCEMPA) is enclosed for funding the decommissioning of the reactors, which are identified in Attachments 2, 3, and 4. However, neither co-owner assumes any responsibility for the information contained in the other's report.Also enclosed, as a convenience to the NRC, is the status report from each co-owner for funding the decommissioning of the reactor identified in Attachment

5. However, none of the co-owners assumes any responsibility for the information contained in any other co-owner's report.Please contact me at (919) 546-5357 if you need additional information concerning this report.Sincerely, Donna Alexander Interim Manager -Nuclear Regulatory Affairs DBM United States Nuclear Regulatory Commission RA- 11-004 Page 3 Attachments:

• Attachment 1, Status of Financial Assurance Mechanism, H. B. Robinson Steam Electric Plant, Unit No. 2" Attachment 2, Status of Financial Assurance Mechanism, Brunswick Steam Electric Plant, Unit No. 1" Attachment 3, Status of Financial Assurance Mechanism, Brunswick Steam Electric Plant, Unit No. 2" Attachment 4, Status of Financial Assurance Mechanism, Shearon Harris Nuclear Power Plant, Unit No. 1" Attachment 5, Status of Financial Assurance Mechanism, Crystal River Unit 3 Nuclear Generating Plant

Enclosures:

• North Carolina Eastern Municipal Power Agency, Status of Financial Assurance Mechanism (6 pages)" City of Alachua, Status of Financial Assurance Mechanism (1 page)" City of Bushnell, Status of Financial Assurance Mechanism (1 page)" City of Gainesville, Status of Financial Assurance Mechanism (1 page)" City of Kissimmee, Status of Financial Assurance Mechanism (1 page)" City of Leesburg, Status of Financial Assurance Mechanism (1 page)" City of New Smyrna Beach, Status of Financial Assurance Mechanism (1 page)" City of Ocala, Status of Financial Assurance Mechanism (1 page)" Orlando Utilities Commission, Status of Financial Assurance Mechanism (1 page)" Seminole Electric Cooperative, Inc., Status of Financial Assurance Mechanism (1 page)c: USNRC Region II USNRC Resident Inspector

-BSEP, Unit Nos. 1 and 2 USNRC Resident Inspector

-CR3 USNRC Resident Inspector

-SHNPP, Unit No. 1 USNRC Resident Inspector

-HBRSEP, Unit No. 2 F. Saba, NRR Project Manager -BSEP, Unit Nos. 1 and 2; CR3 B. Mozafari, NRR Project Manager -SHNPP, Unit No. 1; HBRSEP, Unit No. 2 A. Graham -Chairman, Florida Public Service Commission E. S. Finley, Jr. -Chairman, North Carolina Utilities Commission R. Vance -North Carolina Utilities Commission S. Watson -North Carolina Utilities Commission W. L. Cox, III -Section Chief, Radiation Protection Section, North Carolina Department of Environmental and Natural Resources United States Nuclear Regulatory Commission Attachment 1 to RA- 11-004 Page 1 of 2 Attachment 1 Status of Financial Assurance Mechanism H. B. Robinson Steam Electric Plant, Unit No. 2 Docket No. 50-261 / License No. DPR-23* Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14:$425.1 million at expiration of current license, July 31, 2030$286.6 million estimated to be required from North Carolina$138.5 million estimated to be required from All Others* Amount of decommissioning funds accumulated as of December 31, 2010': $311,666,147

$210,026,568 Qualified Funds accumulated from North Carolina$ 182,661 Non-Qualified Funds accumulated from North Carolina$101,456,918 Funds accumulated from All Others* Schedule of the annual amounts remaining to be collected NRC Required Minimum: $0 million$0 million required annually from North Carolina$0 million required annually from All Others Allowed by North Carolina Utilities

$9,668,420 Commission and Public Service $7,879,432 to be collected annually from North Carolina Commission of South Carolina:

$1,788,988 to be collected annually from South Carolina Internal Reserve Fund Transfer to NDT $5,875,099 (annual transfer through 2017)Under wholesale contracts:

$1,284,058 (contribution is not credited in future years)* Assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Rate of escalation in decommissioning costs = 0 %Rate of earnings on decommissioning funds = 3.0 % (North Carolina Qualified Fund)2.0 % (North Carolina Non-Qualified Fund)2.0 % (All Other Contributions)

For wholesale contracts, the resultant assumed real rate of return of 2% is only applicable to funds accumulated from previous contributions associated with those contracts.

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

None* Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report None* Material changes to trust agreements Effective February 16, 2010, Progress Energy Service Company, LLC engaged Watson Wyatt Investment Consulting, Inc., a Tower Watson company as its new investment advisor. Towers Watson advises Progress Energy on its trust investments including its nuclear decommissioning trusts.'The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission Attachment 1 to RA- 11-004 Page 2 of 2 Attachment 1 Status of Financial Assurance Mechanism H. B. Robinson Steam Electric Plant, Unit No. 2 Docket No. 50-261 / License No. DPR-23 A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c), and a schedule of the remaining annual internal reserve transfers to the external trusts Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Total Annual Payments 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 9,668,420 5,639,912*

189,339,892 Internal Reserve Transfers 5,875,099 5,875,099 5,875,099 5,875,099 5,875,099 5,875,099 5,875,099 41,125,693

• 2030 = 7 months of payments United States Nuclear Regulatory Commission Attachment 2 to RA- 11-004 Page 1 of 2 Attachment 2 Status of Financial Assurance Mechanism Brunswick Steam Electric Plant, Unit No. 1 Docket No. 50-325 / License No. DPR-71" Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14:$587.9 million at expiration of current license, September 8, 2036 Progress Energy Carolinas, Inc. share (81.67%) = $480.2 million$323.7 million estimated to be required from North Carolina$156.5 million estimated to be required from All Others* Amount of decommissioning funds accumulated as of December 31, 2010': $224,176,756

$137,755,072 Qualified Funds accumulated from North Carolina$ 2,615,671 Non-Qualified Funds accumulated from North Carolina$ 83,806,013 Funds accumulated from All Others* Schedule of the annual amounts remaining to be collected NRC Required Minimum: $0 million$0 million required annually from North Carolina$0 million required annually from All Others Allowed by North Carolina Utilities

$952,765 Commission and Public Service $710,564 to be collected annually from North Carolina Commission of South Carolina:

$242,201 to be collected annually from South Carolina Internal Reserve Fund Transfer to NDT $4,724,403 (annual transfer through 2017)Under wholesale contracts:

$1,191,218 (contribution is not credited in future years)* Assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Rate of escalation in decommissioning costs = 0%Rate of earnings on decommissioning funds = 3.0% (North Carolina Qualified Fund)2.0% (North Carolina Non-Qualified Fund)2.0% (All Other Contributions)

For wholesale contracts, the resultant assumed real rate of return of 2% is only applicable to funds accumulated from previous contributions associated with those contracts.

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

None* Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report None* Material changes to trust agreements Effective February 16, 2010, Progress Energy Service Company, LLC engaged Watson Wyatt Investment Consulting, Inc., a Tower Watson company as its new investment advisor. Towers Watson advises Progress Energy on its trust investments including its nuclear decommissioning trusts.'The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission Attachment 2 to RA- 11-004 Page 2 of 2 Attachment 2 Status of Financial Assurance Mechanism Brunswick Steam Electric Plant, Unit No. 1 Docket No. 50-325 / License No. DPR-71 A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c), and a schedule of the remaining annual internal reserve transfers to the external trusts Internal Annual Reserve Year Payments Transfers 2011 952,765 4,724,403 2012 952,765 4,724,403 2013 952,765 4,724,403 2014 952,765 4,724,403 2015 952,765 4,724,403 2016 952,765 4,724,403 2017 952,765 4,724,403 2018 952,765 2019 952,765 2020 952,765 2021 952,765 2022 952,765 2023 952,765 2024 952,765 2025 952,765 2026 952,765 2027 952,765 2028 952,765 2029 952,765 2030 952,765 2031 952,765 2032 952,765 2033 952,765 2034 952,765 2035 952,765 2036 714,574*Total 24,533,699 33,070,821

• 2036 = 9 months of payments United States Nuclear Regulatory Commission Attachment 3 to RA- 11-004 Page 1 of 2 Attachment 3 Status of Financial Assurance Mechanism Brunswick Steam Electric Plant, Unit No. 2 Docket No. 50-324 / License No. DPR-62" Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NIUREG-1307, Rev. 14:$587.9 million at expiration of current license, December 27, 2034 Progress Energy Carolinas, Inc. share (81.67%) = $480.2 million$323.7 million estimated to be required from North Carolina$156.5 million estimated to be required from All Others* Amount of decommissioning funds accumulated as of December 31, 20101: $247,040,027

$153,364,633 Qualified Funds accumulated from North Carolina$ 31,545 Non-Qualified Funds accumulated from North Carolina$ 93,643,849 Funds accumulated from All Others* Schedule of the annual amounts remaining to be collected NRC Required Minimum: $0 million$0 million required annually from North Carolina$0 million required annually from All Others Allowed by North Carolina Utilities

$678,033 Commission and Public Service $445,886 to be collected annually from North Carolina Commission of South Carolina:

$232,147 to be collected annually from South Carolina Internal Reserve Fund Transfer to NDT $6,382,321 (annual transfer through 2017)Under wholesale contracts:

$1,392,273 (contribution is not credited in future years)* Assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Rate of escalation in decommissioning costs = 0%Rate of earnings on decommissioning funds = 3.0% (North Carolina Qualified Fund)2.0% (North Carolina Non-Qualified Fund)2.0% (All Other Contributions)

For wholesale contracts, the resultant assumed real rate of return of 2% is only applicable to funds accumulated from previous contributions associated with those contracts." Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v)

None* Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report None* Material changes to trust agreements Effective February 16,2010, Progress Energy Service Company, LLC engaged Watson Wyatt Investment Consulting, Inc., a Tower Watson company as its new investment advisor. Towers Watson advises Progress Energy on its trust investments including its nuclear decommissioning trusts.'The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission Attachment 3 to RA- 11-004 Page 2 of 2 Attachment 3 Status of Financial Assurance Mechanism Brunswick Steam Electric Plant, Unit No. 2 Docket No. 50-324 / License No. DPR-62 A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c), and a schedule of the remaining annual internal reserve transfers to the external trusts Internal Annual Reserve Year Payments Transfers 2011 678,033 6,382,321 2012 678,033 6,382,321 2013 678,033 6,382,321 2014 678,033 6,382,321 2015 678,033 6,382,321 2016 678,033 6,382,321 2017 678,033 6,382,321 2018 678,033 2019 678,033 2020 678,033 2021 678,033 2022 678,033 2023 678,033 2024 678,033 2025 678,033 2026 678,033 2027 678,033 2028 678,033 2029 678,033 2030 678,033 2031 678,033 2032 678,033 2033 678,033 2034 678,033 Total 16,272,792 44,676,247 United States Nuclear Regulatory Commission Attachment 4 to RA-1 1-004 Page 1 of 2 Attachment 4 Status of Financial Assurance Mechanism Shearon Harris Nuclear Power Plant, Unit No. 1 Docket No. 50-400 / License No. NPF-63" Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14:$447.1 million at expiration of current license, October 24, 2046 Progress Energy Carolinas, Inc. share (83.83%) = $374.8 million$252.6 million estimated to be required from North Carolina$122.2 million estimated to be required from All Others" Amount of decommissioning funds accumulated as of December 31, 20101: $234,562,613

$142,471,204 Qualified Funds accumulated from North Carolina$ 22,379,910 Non-Qualified Funds accumulated from North Carolina$ 69,711,499 Funds accumulated from All Others* Schedule of the annual amounts remaining to be collected NRC Required Minimum: $0 million$0 million required annually from North Carolina$0 million required annually from All Others Allowed by North Carolina Utilities

$13,885,194 Commission and Public Service $11,497,075 to be collected annually from North Carolina Commission of South Carolina:

$2,388,119 to be collected annually from South Carolina Internal Reserve Fund Transfer to NDT $1,821,385 (annual transfer through 2017)Under wholesale contracts:

$831,592 (contribution is not credited in future years)* Assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Rate of escalation in decommissioning costs = 0%Rate of earnings on decommissioning funds = 3.0% (North Carolina Qualified Fund)2.0% (North Carolina Non-Qualified Fund)2.0% (All Other Contributions)

For wholesale contracts, the resultant assumed real rate of return of 2.0% is only applicable to funds accumulated from previous contributions associated with those contracts.

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

None* Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report None" Material changes to trust agreements Effective February 16, 2010, Progress Energy Service Company, LLC engaged Watson Wyatt Investment Consulting, Inc., a Tower Watson company as its new investment advisor. Towers Watson advises Progress Energy on its trust investments including its nuclear decommissioning trusts.The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission Attachment 4 to RA-1 1-004 Page 2 of 2 Attachment 4 Status of Financial Assurance Mechanism Shearon Harris Nuclear Power Plant, Unit No. 1 Docket No. 50-400 / License No. NPF-63 A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c), and a schedule of the remaining annual internal reserve transfers to the external trusts Internal Annual Reserve Year Payments Transfers 2011 13,885,194 1,821,385 2012 13,885,194 1,821,385 2013 13,885,194 1,821,385 2014 13,885,194 1,821,385 2015 13,885,194 1,821,385 2016 13,885,194 1,821,385 2017 13,885,194 1,821,385 2018 13,885,194 2019 13,885,194 2020 13,885,194 2021 13,885,194 2022 13,885,194 2023 13,885,194 2024 13,885,194 2025 13,885,194 2026 13,885,194 2027 13,885,194 2028 13,885,194 2029 13,885,194 2030 13,885,194 2031 13,885,194 2032 13,885,194' 2033 13,885,194 2034 13,885,194 2035 13,885,194 2036 13,885,194 2037 13,885,194 2038 13,885,194 2039 13,885,194 2040 13,885,194 2041 13,885,194 2042 13,885,194 2043 13,885,194 2044 13,885,194 2045 13,885,194 2046 11,570,995*

Total 497,552,785 12,749,695

• 2046 =10 months of payments United States Nuclear Regulatory Commission Attachment 5 to RA-1 1-004 Page 1 of 1 Attachment 5 Status of Financial Assurance Mechanism Crystal River Unit 3 Nuclear Generating Plant Docket No. 50-302 / License No. DPR-72* Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14:$435.7 million at expiration of current license, December 3, 2016 Progress Energy Florida, Inc. share (91.7806%)

= $399.9 million* Amount of decommissioning funds accumulated as of December 31, 20101:$553,504,101

• Schedule of the annual amounts remaining to be collected None* Assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections Rate of escalation in decommissioning costs = 0%Rate of earnings on decommissioning funds = 2%* Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v)

None* Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report None" Material changes to trust agreements Effective February 16, 2010, Progress Energy Service Company, LLC engaged Watson Wyatt Investment Consulting, Inc., a Tower Watson company as its new investment advisor. Towers Watson advises Progress Energy on its trust investments including its nuclear decommissioning trusts.The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 1 of 6 NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY SUBMITTAL Status of Financial Assurance Mechanism Brunswick Steam Electric Plant, Unit No. 1 (BNP) Docket No. 50-325 1 License No. DPR-71 The following information is submitted in accordance with 10 CFR 50.75(c):* Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b), (c) and NUREG-1307, Rev. 14:$587.9 million; NCEMPA Share (18.33%) = $107.8 million* The fund balance for the amount accumulated as of December 31, 20101:$ 79,567,010" Sum of the annual amounts remaining to be collected:

$ 6,437,500 (through September 8, 2036)* Assumptions:

Escalation rate in decommissioning costs = 4.0%Earnings rate on decommissioning funds = 5.5%* Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None* Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.None* Material changes to trust agreements.

None The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 2 of 6 NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY SUBMITTAL Status of Financial Assurance Mechanism Brunswick Steam Electric Plant, Unit No. 1 (BNP) Docket No. 50-325 1 License No. DPR-71 0 A schedule of the annual amounts remaining to be collected for items 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 Total Annual Payments 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 187,500*6,437,500*2036 = 9 months of payments United States Nuclear Regulatory Commission RA-1 1-004 Enclosure Page 3 of 6 NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY SUBMITTAL Status of Financial Assurance Mechanism Brunswick Steam Electric Plant, Unit No. 2 (BNP) Docket No. 50-324 1 License No. DPR-62 The following information is submitted in accordance with 10 CFR 50.75(c):* Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b), (c) and NUREG-1307, Rev. 14:$587.9 million; NCEMPA Share (18.33%) = $107.8 million* The fund balance for the amount accumulated as of December 31, 20101:$87,015,018

• Sum of the annual amounts remaining to be collected:

$6,000,000 (through December 27, 2034)* Assumptions:

Escalation rate in decommissioning costs = 4.0%Earnings rate on decommissioning funds = 5.5%* Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None* Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.None* Material changes to trust agreements.

None'The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA-1 1-004 Enclosure Page 4 of 6 NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY SUBMITTAL Status of Financial Assurance Mechanism Brunswick Steam Electric Plant, Unit No. 2 (BNP) Docket No. 50-324 1 License No. DPR-62 A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c)Annual Year Payments 2011 250,000 2012 250,000 2013 250,000 2014 250,000 2015 250,000 2016 250,000 2017 250,000 2018 250,000 2019 250,000 2020 250,000 2021 250,000 2022 250,000 2023 250,000 2024 250,000 2025 250,000 2026 250,000 2027 250,000 2028 250,000 2029 250,000 2030 250,000 2031 250,000 2032 250,000 2033 250,000 2034 250,000 Total 6,000,000 United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 5 of 6 NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY SUBMITTAL Status of Financial Assurance Mechanism Shearon Harris Nuclear Power Plant, Unit No. 1 (HNP) Docket No. 50-400 1 License No. NPF-63 The following information is submitted in accordance with 10 CFR 50.75(c):* Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b), (c) and NUREG-1307, Rev. 14:$447.1 million; NCEMPA Share (16.17%) = $72.3 million* The fund balance for the amount accumulated as of December 31, 20101:$41,023,543

• Sum of the annual amounts remaining to be collected:

$35,833,333 (through October 24, 2046)* Assumptions:

Escalation rate in decommissioning costs = 4.0%Earnings rate on decommissioning funds = 5.5%" Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None* Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.None* Material changes to trust agreements.

None The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 6 of 6 NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY SUBMITTAL Status of Financial Assurance Mechanism Shearon Harris Nuclear Power Plant, Unit No. 1 (HNP) Docket No. 50-400 1 License No. NPF-63* A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c)Annual Year Payments 2011 1,000,000 2012 1,000,000 2013 1,000,000 2014 1,000,000 2015 1,000,000 2016 1,000,000 2017 1,000,000 2018 1,000,000 2019 1,000,000 2020 1,000,000 2021 1,000,000 2022 1,000,000 2023 1,000,000 2024 1,000,000 2025 1,000,000 2026 1,000,000 2027 1,000,000 2028 1,000,000 2029 1,000,000 2030 1,000,000 2031 1,000,000 2032 1,000,000 2033 1,000,000 2034 1,000,000 2035 1,000,000 2036 1,000,000 2037 1,000,000 2038 1,000,000 2039 1,000,000 2040 1,000,000 2041 1,000,000 2042 1,000,000 2043 1,000,000 2044 1,000,000 2045 1,000,000 2046 833,333*Total 35,833,333

• 2046 = 10 months of payments United States Nuclear Regulatory Commission RA-1 1-004 Enclosure Page 1 of 1 CITY OF ALACHUA Status of Financial Assurance Mechanism Crystal River Plant -- Docket No. 50-302 / License No. DPR-72 1) Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14.$ 435.7 million at expiration of current license on December 3, 2016.City of Alachua share (0.0779%)

= $339,390.2) Fund Balance for the amount of funds accumulated in the decommissioning trust fund at the end of December 31, 2010':$554,660 3) Annual amounts remaining to be collected:

None 4) Assumptions:

The assumed Cost Escalation Rate is 3.45%.The assumed earnings rate is 7.422% for the portion invested at a guaranteed fixed rate through 2016 (guaranteed by a forward delivery agreement) and 4.00% for the rest.5) Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None 6) Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: None 7) Material changes to trust agreements:

None' The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 1 of 1 CITY OF BUSHNELL Status of Financial Assurance Mechanism Crystal River Plant -- Docket No. 50-302 / License No. DPR-72 1) Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14.$435.7 million at expiration of current license on December 3, 2016.City of Bushnell share (0.0388%)

= $169,041.2) Fund Balance for the amount of funds accumulated in the decommissioning trust fund at the end of December 31, 20101:$273,499 3) Annual amounts remaining to be collected:

None 4) Assumptions:

The assumed Cost Escalation Rate is 3.45%.The assumed earnings rate is 7.422% for the portion invested at a guaranteed fixed rate through 2016 (guaranteed by a forward delivery agreement) and 4.00% for the rest.5) Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None 6) Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: None 7) Material changes to trust agreements:

None The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning; if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 1 of 1 CITY OF GAINESVILLE Status of Financial Assurance Mechanism Crystal River Plant -- Docket No. 50-302 / License No. DPR-72 1) Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14.$435.7 million at expiration of current license on December 3, 2016.City of Gainesville share (1.4079%)

= $6,133,851.

2) Fund Balance for the amount of funds accumulated in the decommissioning trust fund at the end of December 31, 20101:$9,724,974

3) Annual amounts remaining to be collected:

None 4) Assumptions:

The assumed Cost Escalation Rate is 3.45%.The assumed earnings rate is 7.422% for the portion invested at a guaranteed fixed rate through 2016 (guaranteed by a forward delivery agreement) and 4.00% for the rest.5) Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None 6) Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: None 7) Material changes to trust agreements:

None'The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 1 of 1 CITY OF KISSIMMEE Status of Financial Assurance Mechanism Crystal River Plant -- Docket No. 50-302 / License No. DPR-72 1) Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14.$435.7 million at expiration of current license on December 3, 2016.City of Kissimmee share (0.6754%)

= $2,942,541.

2) Fund Balance for the amount of funds accumulated in the decommissioning trust fund at the end of December 31, 20101:$4,939,881

3) Annual amounts remaining to be collected:

None 4) Assumptions:

The assumed Cost Escalation Rate is 3.45%.The assumed earnings rate is 7.422% for the portion invested at a guaranteed fixed rate through 2016 (guaranteed by a forward delivery agreement) and 4.00% for the rest.5) Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None 6) Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: None 7) Material changes to trust agreements:

None The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 1 of 1 CITY OF LEESBURG Status of Financial Assurance Mechanism Crystal River Plant -- Docket No. 50-302 / License No. DPR-72 1) Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14.$435.7 million at expiration of current license on December 3, 2016.City of Leesburg share (0.8244%)

= $3,591,695.

2) Fund Balance for the amount of funds accumulated in the decommissioning trust fund at the end of December 31, 20101:$5,712,416

3) Annual amounts remaining to be collected:

None 4) Assumptions:

The assumed Cost Escalation Rate is 3.45%.The assumed earnings rate is 7.422% for the portion invested at a guaranteed fixed rate through 2016 (guaranteed by a forward delivery agreement) and 4.00% for the rest.5) Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None 6) Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: None 7) Material changes to trust agreements:

None 1 The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA-1 1-004 Enclosure Page 1 of 1 CITY OF NEW SMYRNA BEACH Status of Financial Assurance Mechanism Crystal River Plant -- Docket No. 50-302 / License No. DPR-72 1) Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14.$435.7 million at expiration of current license on December 3, 2016.City of New Smyrna Beach share (0.5608%)

= $2,443,259.

2) Fund Balance for the amount of funds accumulated in the decommissioning trust fund at the end of December 31, 20101:$2,660,772

3) Annual amounts remaining to be collected:

None 4) Assumptions:

The assumed cost escalation rate is 3.45%.The assumed earnings rate is 0.1%.5) Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None 6) Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: None 7) Material changes to trust agreements:

None 1 The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 1 of 1 CITY OF OCALA Status of Financial Assurance Mechanism Crystal River Plant -- Docket No. 50-302 / License No. DPR-72 1) Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14.$435.7 million at expiration of current license on December 3, 2016.City of Ocala share (1.3333%)

= $5,808,839.

2) Fund Balance for the amount of funds accumulated in the decommissioning trust fund at the end of December 31, 20101:$9,203,181

3) Annual amounts remaining to be collected:

None 4) Assumptions:

The assumed Cost Escalation Rate is 3.45%.The assumed earnings rate is 7.422% for the portion invested at a guaranteed fixed rate through 2016 (guaranteed by a forward delivery agreement) and 4.00% for the rest.5) Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None 6) Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: None 7) Material changes to trust agreements:

None The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 1 of 1 ORLANDO UTILITIES COMMISSION Status of Financial Assurance Mechanism Crystal River Plant -- Docket No. 50-302 / License No. DPR-72 1) Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14.$435.7 million at expiration of current license on December 3, 2016.Orlando Utilities Commission share (1.6015%)

= $6,977,316.

2) Fund Balance for the amount of funds accumulated in the decommissioning trust fund at the end of December 31, 20101:$12,345,391

3) Annual amounts remaining to be collected:

None 4) Assumptions:

The assumed cost escalation rate is 2.97%.The assumed earnings rate is 2.75% in 2011, 3.75% in 2012, 4.35% in 2013, and 4.80%thereafter.

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

None 6) Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: None 7) Material changes to trust agreements:

None'The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.

United States Nuclear Regulatory Commission RA- 11-004 Enclosure Page 1 of 1 SEMINOLE ELECTRIC COOPERATIVE, INC.Status of Financial Assurance Mechanism Crystal River Plant -- Docket No. 50-302 / License No. DPR-72 1) Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) and NUREG-1307, Rev. 14.$435.7 million at expiration of current license on December 3, 2016.Seminole Electric Cooperative, Inc. share (1.6994%)

= $7,403,841.

2) Fund Balance for the amount of funds accumulated in the decommissioning trust fund at the end of December 31, 20101:$9,610,461

3) Annual amounts remaining to be collected:

None 4) Assumptions:

The assumed cost escalation rate is 3.45%.The assumed earnings rate is 8.00%.5) Contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None 6) Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: None 7) Material changes to trust agreements:

None The Funds shown reflect the total amount of funds in the Trust, all of which are available for Radiological Decommissioning, if needed.