ML12123A082
| ML12123A082 | |
| Person / Time | |
|---|---|
| Site: | Crystal River  |
| Issue date: | 05/22/2012 |
| From: | Farideh Saba Plant Licensing Branch II |
| To: | Franke J Progress Energy Carolinas |
| Saba, Farideh | |
| References | |
| TAC ME8290 | |
| Download: ML12123A082 (9) | |
Text
UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C. 20555-0001 May 22,2012 Mr. Jon A. Franke, Vice President Crystal River Nuclear Plant (NA2C)
ATIN: Supervisor, Licensing &Regulatory Programs 15760 W. Power Line Street Crystal River, Florida 34428-6708
SUBJECT:
U.S. NUCLEAR REGULATORY COMMISSION'S ASSESSMENT OF 2012 DECOMMISSIONING FUNDING STATUS REPORT FOR CRYSTAL RIVER UNIT 3 NUCLEAR GENERATING PLANT (TAC NO. ME8290)
Dear Mr. Franke:
By letter dated March 26,2012, the U.S. Nuclear Regulatory Commission (NRC) received Florida Power Corporation's (the licensee) decommissioning funding status (DFS) report (Agencywide Documents Access and Management System (ADAMS) Accession No. ML121 OOA159) for Crystal River Unit 3 Nuclear Generating Plant (CR-3). On November 29, 2011, the NRC received your preliminary decommissioning cost estimate pursuant to Title 10 of the Code of Federal Regulations (10 CFR), Section 50.75(f)(3) and your spent fuel management plan pursuant to 10 CFR Section 50.54(bb) (ADAMS Accession No. ML113390139).
The 2012 DFS report provided the information required under 10 CFR 50. 75(f)(1), with one exception. The reported amount of decommissioning funds estimated to be required should include, along with the amount specified by the formulas in 10 CFR 50.75(c), the amount of your preliminary decommissioning cost estimate submitted pursuant to 10 CFR 50. 75(f)(3), but which was omitted in your submittal. Therefore, the NRC reviewed your DFS report using the preliminary decommissioning cost estimate amount of approximately $753 million. The NRC staff considered this as the certification amount that must be covered by your financial assurance method.
Based on the reported decommissioning trust balance, together with earnings credits specified under NRC regulations, the NRC determined that the amount of decommissioning financial assurance you provided was equal to or greater than the minimum required amount based on the preliminary decommissioning cost estimate.
This letter confirms the correspondence, described above, regarding DFS reports for operating power reactors as required under 10 CFR 50. 75(f)(1). As of the date of this letter, considering the available information, the NRC has determined that all licensees of CR-3 have satisfied the decommissioning funding assurance requirements of 10 CFR 50.75 for CR-3 on December 31, 2011. The DFS report analysis is enclosed.
J. Franke
- 2 If you have any questions regarding this letter, please feel free to contact me at (301) 415-1447.
Sincerely, Farideh E. Saba, Senior Project Manager Plant licensing Branch 11-2 Division of Operating Reactor licensing Office of Nuclear Reactor Regulation Docket No. 50-302
Enclosure:
As Stated cc w/encl: Distribution via listserv
ENCLOSURE CRYSTAL RIVER UNIT 3 GENERATING PLANT DECOMMISSIONING FUNDING STATUS REPORT ANALYSIS
Do'_tl Plant name:
Crystal River Nuclear Plant, Unit 3 Docket Number:
50*302 The minimum financial assurance (MFA) estimate pursuant 10 10 CFR 50,75(b) &; (c):
5442.5 miUion Did the licensee identifY the amount ofestimated,adiological funds' (YIN)
Y The total amount ofdoUm: accumulated at the end ofthe appropriate year: (see below)
Licensee:
% Owned:
Cat.""",:
Amount in Trust Fund:
Progress Energy Florida. Inc, 9(,78%
$559,052,592 City of Alachua 0.07790/,
$574,631 Cioy of Bushnell 0,0388%
$284,975 City of GainesviUe 1.4079%
$10,087,176 City of Kissimmee 0,6754%
$5,302,590 Cioy of leesburg 0.8244%
$5,925,162 City ofNew Smyrna Beach 0.5608%
$3,996,001 Cioy ofOcala 1.3333%
$9,545,206 Orlando Utilities Commission 1.60)5%
$[2,849,522 Seminole Electric Cooperative, Inc.
L6994%
$10,395,834 Total Trust Fund Balance 5618,013.689 Schedule of the annual amounts remaining to be collected: (providedloone) none Assumptions used in determining ral.cs of escalation in decommissioning costs. rates ofearnings on decommissioning funds. and Tates of other factors used in funding proj~lions: (see below)
Post-RAI Rote of Return on Earnings Escalation Rate Rate(s) of Other Factors Real Rate of Return PUC Verilied (YIN)
Allowed through Occom (YIN)
RAI Needed (YIN)
PUC Verilied (YIN)
Allowed through Occom (YIN)
Rates Detemtined (YIN) variable I
,'wibIe1 variable' N
N Y
N N
Y Any contracts upon which the licensee is relying? (YIN)
N Any modifICations to a licensee's method of providmg decommissioning funding assurance? (YIN)
N Any material changes to trust agreements? (YIN) y' Ifachange has occurred, the reviewer win document OTt this sheet that a change has OC<:UlTed and identitY the reviewer who wiJi evaluate the change: (see below) t Rates provided are variable because the rates are not consistent throughout the Ii<::ensee(s) aneIIor years ofoperation/decommission 2 As of J013120ll, QUe amended and restated the Decommissioning Trust Agreerncnt to transfer trust duties to Wells Fargo frorn Regions Bank Signature: Aaron L. Szabo Spreadsheet created by: ABron Szabo, Shav.ll Harwell Dale: 312712012 F()rmuia, wrified by Clayton Piuiglio
Datasheet 2 Plant name:
Crystal River Nuclear Plant, Unit 3 Docket Number:
50-302 Month:
Day Year:
Date of Operation:
12 31 2011 Termination of Operations:
12 3
2016
.!lill:!ll 21;09 NRC Minimum:
-/0 Owned:
Licensee:
Progress Energy Florida, Inc.
City ofAlachua City of Leesburg City of New Smyrna Beach City of Ocala Orlando Utilities Commission Seminole Electric Cooperative. Inc.
Step I:
Earnlngs Credit:
91.1806%
0.0779'10 0,0388%
1.4079%
0,6754%
0.8244%
0.5608%
1.3333%
1.6015%
1.6994%
$442,491,002 Site Specific:
Amount in Trust.Fund:
$691,765,985
$559,052,592
$587,146
$574,631 5292,442 5284,975
$10,611,582
$10,087,176
$5,090,605
$5,302,590 56,213,643
$5,925.162
$4,226,845
$3,996,001 510,049,309
$9,545,206 SIl,070,n8 SI2,849,5n 512,808,667
$10,395,834 Total Fund Balanee:
5618,013,689 Ooes Licen.<;:ce Pass:
NO Does Licensee Pass:
NO Trust fund Balance:
5618,013,689 Step 2:
AccumulatiOn!
Total Annuit
$0 Step 3:
Decom Perktd:
$753,717,000 Total Enmin~s:
$681,301,295 Does Licensee Pass:
NO Szabo
Datasheet 2 Plant name:
Crystal River Nuclear Plant, Unit 3 Docket Number:
50-302 Month:
Day Year!
Date of Operation:
12 31 2011 Termination of Operations!
12 3
201(.
If licensee is gfl,lllted greater lhan 2% RRR Step 4:
Earnings Ctcdltt I
l.i;;ense~s)
Trust Fund Balance:
Rcal Rate 0 Return per Years l.eft in Total Eamin1!,s:
t Does Licensee Pass: I PEF,OUe
$571,902,114 2.00%
4.92 5686,671,169 I
NO I
Alachua, Bushnell, Gainesville, Kissimmee Lcesbur~, Ocala
$35,715,741 3,97%
4.92 Seminole 1::reeme Cooperative, inc
$10,395,834 4.55%
4.92 Step 5:
Accumulation:
Value of Annuitvper vear
$0 Total Annui so Docs J.itemee Pass; NO Step 6:
Decom Period:
Total Earnings:
$686,671,169 Does {,icenscc Pass:
NO Spreadsheel created by: Aaron Szabo, Shawn Harwel1 Formulas verified by: Clayton PitTiglio
SAFSTOR ANALYSIS Name of Unit:
Crystal River, Unit 3 Name of Licensee:
l\\Iultiple (see prt'vious sheets)
Date of Termination of Operations 12 3
2016 End of Operations Balance:
$686,671,169 Decommissioning Real Rate of Return:
2.(10%
Year Beginning Trust Fund Balance Contributions Expense Per Year Real Rate of Return End of Year Trust Fund Balance Plant Spent Fuel 2016
$686,671,169 S4,058,000 Nll\\
2.00%
$689,946,541 2017
$689,946,541
$53,405,000 N;A 2.00%
$649,806,422 2018
$649,806,422 543,41).000 N!i\\
2.00%
$618,953,401 2019
$618,953,401 S5,607.000 NrA 2.00%
$625,669,399 2020
$625,669,399 S5,622,00O N//\\
2.00%
$632,504,567 2021
$632,504,567 55,607.000 N!A 2.00%
$639,491,588 2022
$639,491,588 55.607,000 l'i!A 2.00%
$646,618,350 2023
$646,618,350 S5,250.000 N/A 2.00%
$654,248,217 2024
$654,248,217 S5,479,OOO NU\\.
2.00%
$661,799,391 2025
$661,799,391 S5,465.000 N/A 2.00%
$669,515,729 2026
$669,515,729 55,465.000 N!A 2.00%
$677,386,394 2027
$677,386,394 S5,465,OOO N!/\\
2.00%
$685,414,471 2028
$685414,471 55,479.000 N/A 2.00%
$693,588,971 2029
$693,588,971 55,465,000 N!A 2.00%
$701,941,100 2030
$701,941,100 55,465.000 N/A 2.00%
$710,460,272 2031
$710,460,272 S5,465,OOO N/A 2.00%
$719,149,828 2032
$719,149,828 55,479.000 N!A 2.00%
$727,999,034 2033
$727,999,034 S5,465,OOO N/A 2.00%
$737,039,365 2034
$737,039,365 55,465,000 N!/\\
2.00%
$746,260,502 2035
$746,260,502 S5,465,OOO Nfi\\
2.00%
$755,666,062 2036
$755,666,062 S5A 79,000 NiA 2.00%
$765,245,594 2037
$765,245,594 S5,465.000 N/A 2.00%
$775,030,855 2038
$775,030,855 55,465,000 N!A 2.00%
$785,011,823 2039
$785,011,823 55.465.000 N//\\
2.00%
$795,192,409 2040
$795,192,409 S5.479,000 Nu\\
2.00%
$805,562,467 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo Date: 3/27/2012 Fonnulas verified by: Shawn Harwell
2041
$805,562,467 2042
$816,154,067 2043
$826,957,498 2044
$837,976,998 2045
$849,202,748 2046
$860,667,153 2047
$872,360,846 2048
$884,288,413 2049
$896,440,391 2050
$908,849,549 2051
$921,506,890 2052
$934,417,378 2053
$947,571,935 2054
$961,003,724 2055
$974,704,148 2056
$988,678,581 2057
$1,002,918,363 2058
$1,017,457,080 2059
$1,032,317,882 2060
$1,047,475,899 2061
$1,062,922,937 2062
$1,078,693,056 2063
$1,094,778,577 2064
$1,111,185,809 2065
$1,127,907,045 2066
$1,144,976,846 2067
$1,162,388,043 2068
$1,180,147,464 2069
$1,198,247,933 2070
$1,216,724,552 2071
$1,235,570,703 2072
$1,252,653,587 2073
$1,232,587,938 2074
$1,157,486,037 2075
$1,071,607,268 2076
$1,020,108,323 2077
$1,003,225,330 2078
$1,023,167,626 S5,465.000 S5,465,OOO 55,465,000 S5,479,OOO S5,465,OOO 5>5.465.000 S5,465.000 S5,479.000 S5,465,OOO S5,465,OOO S5,465,O()0 55,479.000 5>5,465,000 55,465,000 S5,465,OOO 55.479,000 S5,465.000 S5,434,000 f-S5,434,OOO S5A48,OOO 55,434.000 S5,434.000 S5,434.0()O S5,448.000 S5,434,000 55,434.000 S5,434,000 S5,448,OOO S5.434,000 55,434.000 S7,553.000 544,672.000
$98,766,000 S 107,949,000
$72.209,000 S36,916.000
$121.000 574,000 Nil\\
N!A N!,\\
NiA NiA N!A N!l\\
NiA N!A N/A N!A N/A NU\\
N/A NiA N!A NiA N/A NiA N/A NfA N!A N/A N/A
!'fn N/A N!A NiA NiA N!A N/A NiA N/A NiA N!A N!A NiA N/A 2.00%
$816,154,067 2.00%
$826,957,498 2.00%
$837,976,998 2.00%
$849,202,748 2.00%
$860,667,153 2.00%
$872,360,846 2.00%
$884,288,413 2.00%
$896,440,391 2.00%
$908,849,549 2.00%
$921,506,890 2.00%
$934,417,378 2.00%
$947,571,935 2.00%
$961,003,724 2.00%
$974,704,148 2.00%
$988,678,581 2.00%
$1,002,918,363 2.00%
$1,017,457,080 2.00%
$1,032,317,882 2.00%
$1,047,475,899 2.00%
$1,062,922,937 2.00%
$1,078,693,056 2.00%
$1,094,778,577 2.00%
$1,111,185,809 2.00%
$1,127,907,045 2.00%
$1,144,976,846 2.00%
$1,162,388,043 2.00%
$1,180,147,464 2.00%
$1,198,247,933 2,00%
$1,216,724,552 2,00%
$1,235,570,703 2.00%
$1,252,653,587 2.00%
$1,232,587,938 2.00%
$1,157,486,037 2.00%
$1,071,607,268 H
OO
$1,020,108,323 00%
$1,003,225,330 2.00%
$1,023,167,626 2.00%
$1,043,556,239 Signature: Aaron L. Szabo Spreadsheet created by: Aaron Szabo Date: 3127/2012 Formulas verified by: Shawn Harwell
J. Franke
- 2 If you have any questions regarding this letter, please feel free to contact me at (301) 415-1447.
Docket No. 50-302
Enclosure:
As Stated cc w/encl: Distribution via Listserv DISTRIBUTION:
PUBLIC LPL2-2 RlF RidsAcrsAcnw MailCTR RidsNrrDirslfib RidsNrrDorlLpl2-2 ADAMS A ccesslon N 0.: ML12123A082 Sincerely, IRA!
Farideh E. Saba, Senior Project Manager Plant Licensing Branch 11-2 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation RidsNrrLABTully RidsNrrPMCrystalRiver RidsOgcRp RidsRgn2MailCenter ASzabo, NRRlIFIB
- Bsy M D t emo aed OFFICE LPL2-2/PM LPL2-2/LA NRR/DIRS/IFIB*
NRR/LPL2*2/BC LPL2-2/PM NAME FSaba BTuily CRegan DBroaddus TOrffor FSaba DATE 05/07112 05/03/12 04111112 05/18/12 05122112 OFFICIAL RECORD COpy