CP-201100295, Decommissioning Report

Decommissioning Report

ML110960274
Person / Time
Site:	Comanche Peak
Issue date:	03/28/2011
From:	Madden F Luminant Power
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
CP-201100295, TXX-11033
Download: ML110960274 (3)

Text

Rafael Flores Luminant Power Senior Vice President P 0 Box 1002

& Chief Nuclear Officer 6322 North FM 56' rafael.flores@Luminant.com Glen Rose, TX 76043 Luminant T 254 897 5550 C 817 559 0403 F 254 897 6652 CP- 201100295 Ref: #10CFR50.75(f)

Log # TXX-11033 March 28, 2011 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, DC 20555

SUBJECT:

COMANCHE PEAK NUCLEAR POWER PLANT DOCKET NOS. 50-445 AND 50-446 DECOMMISSIONING REPORT

Dear Sir or Madam:

Attached is the biennial decommissioning report for Comanche Peak Units 1 and 2, prepared and submitted pursuant to 10CFR50.75(f). Luminant Generation Company LLC (Luminant Power) does not recover all of its costs through rates set by the Public Utility Commission of Texas (PUCT) and, therefore, does not meet NRC's definition of an electric utility as defined by 10CFR50.2. Nonetheless, Lumilnant Power does recover funds for the eventual decommissioning of Comanche Peak Units 1 and 2 over the lives of the units through the collection of a non-bypassable charge set by the PUCT which is contributed to an external trust.

When projected to the license expiration date for each unit using the 2 percent annual real rate of return as allowed per 10CFR50.75(e)(ii), the projected Nuclear Decommissioning Trust balance is greater than the escalated NRC minimum cost of decommissioning for Units 1 and 2.

A member of the STARS (Strategic Teaming and Resource Sharing) Alliance oLc)

Callaway - Comanche Peak

• Diablo Canyon

• Palo Verde

• San Onofre. South Texas Project

• Wolf Creek

J. S. Nuclear Regulatory Commission TXX-1 1033 Page 2 March 28, 2011 Should you have any questions, please contact Mr. J. D. Seawright at (254) 897-0140.

Sincerely, Luminant Generation Company LLC Rafael Flores By: '51KZ21 BFred W. Madden Director, Oversight & Regulatory Affairs Attachment c- E. E. Collins, Region IV B. K. Singal, NRR Resident Inspectors, Comanche Peak

Attachment to TXX-11033 Luminant Generation Company LLC Comanche Peak Nuclear Power Plant Information is submitted to provide Financial Assurance Unit # 1 Unit # 2

1. The minimum amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c).

At December 31, 2010 Using 10 CFR 50.75(c) formulas $ 467.0 million $ 467.0 million Site-specific study $ 578.4 million $ 676.8 million

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).

Market Value at December 31, 2010 $ 249.9 million $ 286.0 million

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c).

Unit # 1 Unit # 2 Years 2011 through 2029 (19 years) $ 7.5 million $ 7.3 million Year 2030 1.2 million 7.3 million Year 2031 7.3 million Year 2032 7.3 million Year 2033 1.2 million Total $142.8 million $161.1 million

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

Estimated Escalation rate for decommissioning costs 2.5248% 2.5043%

Estimated Earnings rates on decommissioning funds 2011 through 2028 4.83% 4.83%

2029 through 2059 3.99% 3.99%

2060 and thereafter 3.07% 3.07%

Rates of other factors used in funding projections None None

5. Any power sale contracts upon which licensee is relying to certifying financial assurance. None None

6. Modifications to licensee's method of providing financial assurance since previous report. None None

7. Material changes to trust agreement. None None NOTES:

I. Labor (South) and Energy are based on BLS (L,=2.233, E,=2.263). Burial inflation factors are based on NUREG 1307, "Report on Waste Burial Charges," Revision 14 (BX=I2.280)

2. All forecast data are based on the decommissioning cost study filed with the Public Utility Commission on June 17, 2010 and is subject to approval by the Commission.