ML112500091
| ML112500091 | |
| Person / Time | |
|---|---|
| Site: | Quad Cities  |
| Issue date: | 09/13/2011 |
| From: | Joel Wiebe Plant Licensing Branch III |
| To: | Fehrman W MidAmerican Energy Co |
| Wiebe, Joel NRR/DORL/LPL3-2, 415-6606 | |
| References | |
| TAC ME5524, TAC ME5525 | |
| Download: ML112500091 (3) | |
Text
UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C. 20555-0001 September 13, 2011 Mr. William J. Fehrman President and Chief Executive Officer MidAmerican Energy Company 4299 N.W. Urbandale Drive Urbandale, IA 50322
SUBJECT:
QUAD CITIES NUCLEAR POWER STATION, UNITS 1 AND 2 - REQUEST FOR ADDITIONAL INFORMATION RELATED TO MIDAMERICAN ENERGY COMPANY'S DECOMMISSIONING FUNDING STATUS REPORT (TAC NOS.
ME5524 AND ME5525)
Dear Mr. Fehrman:
By letter to the Nuclear Regulatory Commission (NRC) dated March 30, 2011, MidAmerican Energy Company submitted the Decommissioning Funding Status Report, for the Quad Cities Nuclear Power Station, Units 1 and 2.
The NRC staff is reviewing your submittal and has determined that additional information is required to complete the review. The specific information requested is addressed in the enclosure to this letter. A response is requested within 30 days from the date of this letter.
If you have any questions regarding this request, please contact me at (301) 415-6606 or Joel.Wiebe@nrc.gov.
Sincerely, Joel S. Wiebe, Senior Project Manager Plant Licensing Branch 111-2 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Docket Nos. 50-254 and 50-265
Enclosure:
Request for Additional Information cc w/encl: Char.les R. Montgomery Managing Senior Attorney MidAmerican Energy Company 4299 NW Urbandale Drive Urbandale, Iowa 50322 Additional Distribution via Listserv
REQUEST FOR ADDITIONAL INFORMATION MIDAMERICAN ENERGY COMPANY 2011 DECOMMISSIONING FUNDING STATUS REPORT QUAD CITIES NUCLEAR POWER STATION, UNITS 1 AND 2 DOCKET NOS. 50-254 AND 50-265 In reviewing the MidAmerican Energy Company (MidAmerican) submittal dated March 30, 2011, related to the 2011 Decommissioning Funding Status (DFS) Report, for the Quad Cities Nuclear Power Station, Units 1 and 2, the NRC staff has determined that the following information is needed in order to complete its review:
RAI #1: Citation for real rate of returns:
In the March 30, 2011, submittal MidAmerican reported that in filings with the Iowa Utilities Board, MidAmerican periodically utilizes appropriate assumptions for decommissioning cost escalations and earnings rates. MidAmerican further states that solely for purposes of meeting NRC's minimum requirements, MidAmerican has calculated the current fund balances and annual funding levels, together with earnings at a 2 percent annual real rate of return as permitted by 10 CFR 50.75(e)(1)(ii), to satisfy NRC's minimum funding assurance requirements.
As stated in 10 CFR 50.75(f)(1),
'The information in [the DFS] report must include [...] the assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections..."
Provide the citation (e.g, an Order by the rate-regulatory authority) by the regulatory entity that allows for the assumptions used regarding rates of escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors assumed in your DFS report.
RAJ #2: Amounts accumulated:
The provisions of 10 CFR 50.75(f)(1) and (2) require the licensee to report the amount offunds accumulated to the end of the calendar year preceding the report. In the March 30, 2011, submittal, MidAmerican reported the Fair Market Value of funds accumulated through December 31, 2011.
Provide the after-tax amount offunds accumulated through December 31,2010.
Enclosure
ML112500091 NRR-088 OFFICE LPL3-2/PM LPL3-2/LA OGC(NLO)
LPL3*2/BC NAME JWiebe SRohrer(B.Tully for)
BMizuno JZimmerman DATE 9/08/11 9/07/11 9/12/11 9/12111