ML12165A607

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NRCs Analysis of Entergy Nuclear Operations, Inc. Decommissioning Funding Status Report for Indian Point Nuclear Generating Station, Units 1,2, and 3 (TAC Nos. ME8371, Me 8372, and ME8373)
ML12165A607
Person / Time
Site: Indian Point, Pilgrim  Entergy icon.png
Issue date: 06/20/2012
From: Richard Guzman
Plant Licensing Branch 1
To: Mccann J
Entergy Nuclear Operations
Guzman R
References
TAC ME8371, TAC ME8372, TAC ME8373, FOIA/PA-2013-0151
Download: ML12165A607 (16)


Text

UNITED STATES NUCLEAR REGULATORY COMMISSION WASHINGTON, D.C. 20555-0001 June 20, 2012 Mr. John F. McCann Vice President, Nuclear Safety Emergency Planning and Licensing Entergy Nuclear Operations, Inc.

440 Hamilton Avenue White Plains, NY 10601

SUBJECT:

NRC'S ANALYSIS OF ENTERGY NUCLEAR OPERATIONS, I!\\IC.

DECOMMISSIONING FUNDING STATUS REPORT FOR INDIAN POINT NUCLEAR GENERATING STATION, UNITS 1,2 & 3; AND PILGRIM NUCLEAR POWER STATION (TAC NOS. ME8371, ME8372, AND ME8373)

Dear Mr. McCann:

On March 30,2012, the U.S. Nuclear Regulatory Commission (NRC) received your decommissioning funding status (DFS) report (Agencywide Documents Access and Management System (ADAMS) Accession No. ML12093A382) for Indian Point !\\Iuclear Generating Station, Units 1,2, & 3, and Pilgrim Nuclear Power Station.

Pursuant to Title 10 of the Code of Federal Regulations (10 CFR) 50.75{f){1), all power reactor licensees are required to submit a DFS report at least once every 2 years in order for the NRC to obtain the information necessary to monitor the status of decommissioning funds. Any licensee for a plant involved in a merger or acquisition shall submit this report annually. Any licensee for a plant that is within 5 years of the end of its current operating license shall submit this report annually. Any licensee for a plant that has already closed before its licensed life shall submit this report annually. As of December 31,2011, Indian Point Nuclear Generating Station, Units 2 & 3, and Pilgrim !\\Iuclear Power Station are within 5 years of the end of its current operating license. Indian Point Nuclear Generating Station, Unit 1 was granted a 40-year Operating License in 1962, but was permanently shut down in 1974, and is now in safe storage (SAFSTOR).

In general, the 2012 DFS report submitted to the NRC provided all of the required reporting requirements under 10 CFR 50. 75(f){1) in a manner that required no additional requests for information. To note, because a site-specific decommissioning cost estimate was submitted based on the SAFSTOR scenario for Indian Point !\\Iuclear Generating Station, Unit 2, this unit is considered to be certifying to that amount of decommissioning and is, therefore, held to that certification amount in the DFS report.

Based on the reported decommissioning trust fund balance, and considering SAFSTOR for Indian Point Nuclear Generating Station, Units 1 & 2, 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 submitted site-specific cost estimates.

J. McCann

- 2 This letter confirms correspondence, described above, regarding the DFS reports for operating power reactors and non 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 determined that Entergy satisfied the requirements of 10 CFR 50.75 for Indian Point Nuclear Generating Station, Units 1, 2, and 3, and Pilgrim Nuclear Power Station as of December 31, 2011. The DFS report analyses are enclosed.

Sincerely, Richard Guzman Plant Licensing Branch 1-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Docket Nos. 50-3, 50-247, 50-286, 50-293

Enclosure:

As stated.

cc: Distribution via Listserv

Datasheet I Decommissioining Funding Assurance Analysis As of December 31, 2011 For Plant Name:

Indian Point Unit 1 Docket Number:

50-003 Estimated Cost of Remaining Decommissioing Activities as Stated in Most Recent SSCE update:

5476,840,000 2

The tolal amount of dollars accumulated at the end ofthe appropriate year: (see below)

Licensee:

Amount in Trust Fund:

Entergy Nuclear Operations S300,761,000 Total Trust Fund Balance 5300,761,000 3

Schedule of the annual amounts remaining to be collected: (Provided!None)

None 4

Assumptions used in determining rates ofescalation in decommissioning costs, rates ofearnings on decommissioning fund,. and rates ofother factors used in funding projections: (see below)

Rate of Return on Earnings Escalation Rate Rate(s) of Other Factors Real Rate of Rcturn 2.00%

0.00%

N/A 2.00%

5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(l)(v):

None 6

Any modifications to licensee's method of providing financial assurance since last report:

None 7

Any material changes to trust agreements:

None DECOMMISSIONING STATUS Current Stalus of Reactor (DECOM, SAFSTOR, ENTOMB):

SAFSTOR Projected! Actual Start-Date of Decommissioining Activities (Year):

2066 Projected End-Date ofDecommissioing Activities (Year):

2073 Spreadsheet created by: Aaron Szabo, Shawn Harwell Signature: ____~___________~~~

Date: _________

Fonnulas verified by: Clayton Pittiglio Enclosure

Indian Point Unit 1 Decommissioing/SAFSTOR Cost Analysis (Beginning Balance* Cost) * (1 + ERR) =End Balance Reporting Year:

2012 Current Amount Reported in DTF:

$300,761,000 Rate of Return During SAFSTORlDecom:

2.00%

Projected End-Date of Decom Activities:

2073 Escalation Rate (if applicable):

0.00%

Real Rate of Return:

2.00%

Year I Payment Payment Rate of Return Projected Year Beginning Balance:

Amount:

on Earnings:

Earnings:

End Balance:

1 2012

$300,761,000

$0 2.00%

$6,015,220.00

$306,776,220 2

2013

$306,776,220

$1,150,000 2.00%

$6,112,524.40

$311,738,744 3

2014

$311,738,744

$4,600,000 2.00%

$6,142,774.89

$313,281,519 4

2015

$313,281,519

$4,600,000 2.00%

$6,173,630.39

$314,855,150 5

2016

$314,855,150

$2,888,000 2.00%

$6,239,342.99

$318,206,493 6

2017

$318,206,493

$2,880,000 2.00%

$6,306,529.85

$321,633,023 7

2018

$321,633,023

$2,880,000 2.00%

$6,375,060.45

$325,128,083 8

2019

$325,128,083

$2,880,000 2.00%

$6,444,961.66

$328,693,045 9

2020

$328,693,045

$2,888,000 2.00%

$6,516,100.89

$332,321,146 10 2021

$332,321,146

$2,880,000 2.00%

$6,588,822.91

$336,029,968 11 2022

$336,029,968

$2,880,000 2.00%

$6,662,999.37

$339,812,968 12 2023

$339,812,968

$2,880,000 2.00%

$6,738,659.36

$343,671,627 13 2024

$343,671,627

$2,888,000 2.00%

$6,815,672.54

$347,599,300 14 2025

$347,599,300

$2,880,000 2.00%

$6,894,385.99

$351,613,686 15 2026

$351,613,686

$2,880,000 2.00%

$6,974,673.71

$355,708,359 16 2027

$355,708,359

$2,880,000 2.00%

$7,056,567.19

$359,884,927 17 2028

$359,884,927

$2,888,000 2.00%

$7,139,938.53

$364,136,865 18 2029

$364,136,865

$2,880,000 2.00%

$7,225,137.30

$368,482,002 19 2030

$368,482,002

$2,880,000 2.00%

$7,312,040.05

$372,914,042 20 2031

$372,914,042

$2,880,000 2.00%

$7,400,680.85

$377,434,723 21 2032

$377,434,723

$2,888,000 2.00%

$7,490,934.47

$382,037,658 22 2033

$382,037,658

$2,880,000 2.00%

$7,583,153.16

$386,740,811 23 2034

$386,740,811

$2,880,000 2.00%

$7,677,216.22

$391,538,027 24 2035

$391,538,027

$2,880,000 2.00%

$7,773,160.54

$396,431,188 25 2036

$396,431,188

$2,888,000 2.00%

$7,870,863.75

$401,414,051 26 2037

$401,414,051

$2,880,000 2.00%

$7,970,681.03

$406,504,732 27 2038

$406,504,732

$2,880,000 2.00%

$8,072,494.65

$411,697,227 28 2039

$411,697,227

$2,880,000 2.00%

$8.176,344.54

$416,993,572 29 2040

$416,993,572

$2,888,000 2.00%

$8.282.111.43

$422,387,683 30 2041

$422,387,683

$2,880,000 2.00%

$8,390,153.66

$427,897,837 31 2042

$427,897,837

$2,880,000 2.00%

$8,500,356.74

$433,518,194 32 2043

$433,518,194

$2,880,000 2.00%

$8,612,763.87

$439,250,957 33 2044

$439,250,957

$2,888,000 2.00%

$8,727,259.15

$445,090,217 34 2045

$445.090,217

$2.839,000 2.00%

$8,845,024.33

$451.096,241 35 2046

$451.096,241

$1,994,000 2.00%

$8,982,044.82

$458.084,286 36 2047

$458,084,286

$1,994,000 2.00%

$9,121,805.71

$465,212,091 37 2048

$465,212,091

$2,000,000 2.00%

$9,264.241.83

$472,476,333 38 2049

$472,476,333

$1,994,000 2.00%

$9,409,646.66

$479,891,980 39 2050

$479,891,980

$1,994,000 2.00%

$9,557,959.60

$487,455,939 40 2051

$487,455,939

$1,994,000 2.00%

$9,709,238.79

$495,171,178 41 2052

$495,171,178

$2,000,000 2.00%

$9,863,423.57

$503,034,602 42 2053

$503,034,602

$1,994,000 2.00%

$10,020,812.04

$511,061,414 43 2054

$511,061,414

$1,994,000 2.00%

$10,181,348.28

$519,248,762 45 2055

$519,248,762

$1,994,000 2.00%

$10,345,095.24

$527,599,857

46 2056

$527,599,857

$2,000,000 2.00%

$10,511,997.15

$536,111,855 47 2057

$536,111,855

$1,994,000 2.00%

$10,682,357.09

$544,800,212 48 2058

$544,800,212

$1,994,000 2.00%

$10,856,124.23

$553,662,336 49 2059

$553,662,336

$1,994,000 2.00%

$11,033,366.72

$562,701,703 50 2060

$562,701,703

$2,000,000 2.00%

$11,214,034.05

$571,915,737 51 2061

$571,915,737

$1,994,000 2.00%

$11,398,434.73

$581,320,171 52 2062

$581,320,171

$1,994,000 2.00%

$11,586,523.43

$590,912,695 53 2063

$590,912,695

$1,994,000 2.00%

$11,778,373.90

$600,697,069 54 2064

$600,697,069

$2,000,000 2.00%

$11,973,941.37

$610,671,010 55 2065

$610,671,010

$1,994,000 2.00%

$12,173,540.20

$620,850,550 56 2066

$620,850,550

$20,457,000 2.00%

$12,007,871.01

$612,401,421 57 2067

$612,401,421

$73,335,000 2.00%

$10,781,328.43

$549,84 7,750 58 2068

$549,847,750

$159,587,000 2.00%

$7,805,214.99

$398,065,965 59 2069

$398,065,965

$18,613,000 2.00%

$7,589,059.29

$387,042,024 60 2070

$387,042,024

$18,613,000 2.00%

$7,368,580.48

$375,797,604 61 2071

$375,797,604

$18,613,000 2.00%

$7,143,692.09

$364,328,297 62 2072

$364,328,297

$18,632,000 2.00%

$6,913,925.93

$352,610,223 63 2073

$352,610,223

$12,299,000 2.00%

$6,806,224.45

$347,117,447 Projected End-Balance of DTF:

$347,117,447 Financial Assurance Met (YIN):

Y Signature:

Shawn W. Harwell Date:

5/2/2012 Signature:

Michael A. Dusaniwskyj Date:

5/7/2012

5482.114.017 4

Datashcet 1 Plant name:

Indian Point, Unit 2 Docket Number:

50-247 The minimum financial assurance (MFA) estImate pursuant to 10 CFR 50.75(b) & (c):

Did the licensee identify the amount of estimated radiological funds? (YIN)

Y The total amount of dollan accumulated at the end of the appropriate year: (sec below)

Lieeruee:

Amount in Trust Fund:

Entergy Nuclear Opera1ions, lnc, S392,370.()()()

(mc1udcs $31,050.000 Provisional Trust)

Total Trust Fund Balance 5392,370.000 Sehedule of the annual amOlmts remaining to be eolIected: (provided/none)

None Assumptions used in determining rates ofescalation in decommissioning costs, rates of earnings on decommissioning funds) and rates ofother mctors used in funding projections: (see below)

Post~RAI Rate of Return on Eamings Escalation Rate Rate(,) of Other Factors Real Rate of Rerurn PUC Verified (YIN)

Allowed through Decom (YiN)

RAJ Needed (YIN)

PUC Verified (YiN)

Allowed through Decom(YIK)

Rates Determined (YIN) 2.00%

N Y

N Any contracts upon which the licensee is relying? (YIN)

N Any modifications to a licensee's method ofproviding decommissioning funding assurance? (YIN)

N Any material changes to trust agreements? (YIN)

N Ifa change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see below)

Signature: Michael Dusaniwskyj Datc' 04120/2012 Signature: Jo Ann Simpson Date: 04/2412012 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Claylon Plnigtio

Datash0et 2 Plant name:

Indian Point, Unit 2 Docket Number:

50-247 Month:

Day Year:

Date of Operation:

12 31 2011 Termination of Operations:

9 28 2013 NRC Minimum:

$482,259,785 Site Specific:

$715,800,000 Amount of NRC ~tinimumlSite licensee:

% Owned:

SDedfic:

IAmount In Trust }'und:

Entergy Nuclear Operations.

S715,800,000

$392,370,000 100.00%

Inc.

Total Fund Balance:

$392,370,000 Step 1:

Ji:arnings Credit:

Trust Fund Balance:

Tullli Earnings:

Does Licensee Pass:

8392,370,000

$406,139,667 NO Step!:

A.::cumuiation:

Value of Annuity per year Number of Annual amount/See Annuitv Sheet Payments:

T ollli SteD 2:

so Does Licensee Pass:

NO Step 3:

Deeom Period:

TolllJ of Steps! Ibm 3: I Does Licensee Pass:

Shortfall:

$436,333,241 NO

($279,466,759)

Signature. Michael Dusaniwskyj Oall:: 04/20/2012 Signature: Jo Ann Simpson Date: 04/24/2012 Spreadsheet created by: Aaron Szabo, Shawn Harwell Fonnu!as verified by: Clayton Pitliglio

Datashtct 2 Plant name:

Indian Point, Unit 2 Docket Number:

50-247 Month:

Day Year:

Date of Operation:

12 31 2011 Termination of Operations:

9 28 2013 If licensee is gral!tcd ~ater than 2% RRR Step 4:

Earning, Credit:

Trust Fund Balaru:e:

Docs Licensee Pass:

$392,370,000 NO Step 5:

Accumulation:

Total Annuil

$0 ToialSI

$0 Step 6:

De.om Period:

Total Earnings:

$406,139,667 Docs Licensee Pass:

NO Total of Steps 4 thru 6:

Does Licensee Pass:

Shortfall:

$436,333,241 NO

($279,466,759)

Signature: Michael Dusaniwskyj Date: 04/2012012 SignallJre: Jo Ann Simpson Date: 04/2412012 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified by: Clay tOil Pittiglio

SAFSTOR ANALYSIS Name of linit:

Indian Poi.nt, Unit 2 Name of Licensee:

Entergy Nuclear Opuaton5, Inc.

Date of Termination of Operations

~

Z8 2013 End of Operations Balance:

S406,139,667 Operating Life Real Rate ofRetum:

2.00°/.

DeeommilJsioning Real Rate ofReturn:

2.00°/.

Year Beginning Trust Furtd Balance 2013

$404 055188 2014

$399815302 2015

$353597 838 2016

$332956404 2017

$335527,053 2018

$338160,224 2019 5340846058 2020

$343585609 2021

$346368841 2022

$349218848 2023

$352 125855 2024

$355091002 2025

$358 130602 2026

$361.242,104 2027

$364 415837 2028

$367653043 2029

$370943,884 2030

$374311 652 2031

$377 746 775 2032

$381 250,600 2033

$384813 392 2034

$388458550 2035

$392 176,611 2036

$395969033 2037

$399826194 2038

$403771 608 2039

$407795,930 2040

$411 900739 2041

$416076,533 2042

$420.346954 2043

$424702783 2044

$429,145,729 2045

$433666423 2046

$438 288,642 2047

$443003305 2048

$447813271 2049

$452715,396 2050

$457.726674 2051

$462838178 l052

$468051 911 2053

$473.358810 2054

$478,782956 2055

$484315585 2056

$489958,867 2057

$495703904 2058

$501 574,952 2059

$507563421 2060

$513 671 659 2061

$519890953 2062

$526245742 2063

$532727626 2064

$539.339,149 2065

$522814522 2066

$472 175,912 2067

$297938811 2068

$225258987 2069

$202254797 2070

$199708633 2071

$197111,545 2072

$194462516 2073

$19L214 096 Contributions E~ense Per Year Real Rate of Return Piant Spent Fuel

$12,199,000 NlA 2.00%

553,677 000 NlA 2,00%

til NIA 2.00%

NIA 2.00%

NIA 2.00'%

$4,037,000 NlA 2.00%

$4,037000 NIA 2.00%

$4048,000 NIA 2.00%

54,037000 NlA 2.00%

$4,037000 NIA 2.00%

$4,037,000 NIA 2.00%

$4,022,000 NIA 2.00%

54,011000 NIA 2,00%

$4,011000 NIA 2.00%

$4,011 000 NiA 2.00%

$4,022,000 N!A 2.00%

$4,011,000 NIA 2.00~'i,

$4,011,000 N/A 2.00%

$4011,000 N/A 2.00%

$4,022 000 NiA 2.00%

$4011000 NIA 2.00%

$4011,ooo NIA 2,00%

$4,011,000 N/A 2.00%

$4022000 NIA 2.00%

$4 011 000 NIA 2.00%

S4 011,000 N/A 2,00%

$4011,000 N/A 2.00%

$4022 000 NIA 2.00%

$4'OI~

NIA 2.00%

$4,011 NIA 2.00%

$4,011 NIA 2.00%

$4,022000 NIA 2.00%

$4011,000 N/A 2,00%

$4,011,000 NIA 2,00%

$4010000 NIA 2.00%

$4,014,000 NIA 2,00%

$4003,000 NIA 2.00%

$4,003000 N/A 2.00%

$4,003,000 NIA 2.00%

$4,014000 NIA 2.00%1

$4 003,000 NIA 2.00%

$4 003.000 N/A 2.00%

$4,003000 NIA 2.00%

$4,014.000 NIA 2,00%

54,003,000 NIA 2.00%

$4,003000 N/A 2.00%

$4003.000 N!A 2.00%

$4,014.000 NIA 2,00%

$4,003000 N/A 2,00%

$~.490'OOO I N/A 2,00%

N!A 2.00%

NIA 2.00%

N/A 2.00%

$181862000 NfA 2.00%

$77860000 NIA 2.00%

$27237.000 N!A 2,00%

$6 526 000 N/A 2.00%

$6.526000 NIA 2,00%

$6526000 NIA 2.00%

$7067,000 N/A 2.00%

$28624000 NIA 2.00°1<:1 End ofYeaf Trust Food Balance

$399815,302

$353597,838

$332956404

$335,527,053

$338 160 224

$340 846 058

$343585609

$346368841

$349218848

$352 125 855

$355,091 002

$358 130,602

$361 242 104

$364 415837

$367653043

$370943 884

$374311,652

$377 746,775

$381 250600

$384,813,392

$388,458 550

$392 176611

$395 969,033

$399,826,194

$403,771,608

$407795,930

$411 900739

$416076533

$420346,954

$424702 783

$429 145 729

$433,666,423

$438,288 642

$443,003 305

$447813,271

$4527153%

$457 726,674

$462838 178

$468051,911

$473358810

$478782,956 5484 315.585

$489 958,867

$495 703,904

$501.574952

$507563,421

$513 671 659

$519890,953

$526245,742

$532,727626

$539339,149

$522,814522

$472 175912

$297938811

$225258987

$202254797

$199 708 633

$197 1II 545

$194462516 SI91214,096

$165220202 Signature: Michael Dusaniwskyj Date: 04120/2012 Signature: 10 Ann Simpson Date: 04/24.'2012

Datasheet J Plant name:

Indian Point, Unit 3 Docket Number:

50-286 The minimum ftnancial assurance (MFA) estimate pursuant to 10 CFR 50,75(b) & (c):

$481,114,017 Did the licensee identify the amount of estimated radiological funds? (YiN) 2 The total amount of dollars accumulated at the end of the appropriate year: (see below)

Licensee:

Amount in Trust Fund:

Entorgy Nuclear

$52 I.16Q,000 Operations, Inc, Total Trust Fund Balance

$521,160,000 3

Schedule of the annual amounts remaining to be collected: (provided/none)

Nt>IIe 4

Assumptions used in determining rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections: (see below)

Post-RAI Rate of Return on Earnings Escalation Rate Rate(s) of Other Factors Real Rate of Return PUC Verified (YiN)

Allowed through Decom (YiN)

RAI Needed (YiN)

PUC Verified (YiN)

Allowed through Decom(YiN)

Rates Determined (YiN) l.81W.

N Y

N 5

Any contracts upon which the licensee is relying? (YIN)

N Any modifications to a licensee's method of providing decommissioning funding assurance? (YIN)

N 7

Any material changes to trust agreements? (YIN)

N If a change has occurred, the reviewer will document on this sheet that a change has occurred and identify the reviewer who will evaluate the change: (see helow)

Signature: Michael Dusaniwskyj Date: 04/2012012 Signature: 10 Ann Simpson Date: 04i24120 12 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formula.. venfied by: Clayton Pittlglio

Dalash~ct 2 Plant name:

Indian Point, Unit 3 Docket Number:

50-286 Month:

Day Year:

Date of Operation:

12 31 2011 Termination of Operations:

12 12 2015 NRC Minimum:

$482,259,785 Site Specific:

Licensee:

Caterm Entcrgy Nuclear Operations, Inc, Step 1:

Earnings Credit:

Trust Fund Balance:

S521,160,000 Step 2:

Accumulation:

Total Annuity

$0 Number ofAnnual Pavrnents:

Tolal Sleo 2:

$0 Step 3:

Decom Period:

Amount or NRC MinimumlSite Specific:

Amount in Trust Fund:

5482,259,785

$521,160,000 Total Fund Balance:

$521,160,000 Docs Licensee Pass:

YES Docs Licensee Pass:

YES Total of Stens 1 thru 3: I Docs Licensee Pass:

Shortfall:

$605,434,233 YES NO Signature: Michael Dllsaniwskyj Date: 04/20/2012 Signature: Jo Ann Simpson Date: 04124/2012 Spreadsheet created by: Aaron Szabo, Shawn Harwell Fonnulas verified by: CI.}1on Pittiglio

Dalf,shcct 2 Plant name:

Indian Point, Unit 3 Docket Number:

50-286 Month:

Day Year:

Date of Operation:

12-31 2011 Termination of Operations:

12 12 2015 If licensee is granted greater than 2% RRR Step 4:

E:arning§ Credit:

Does Licensee Pass; 5521,160,000 Trust Fund Balance:

YES Step 5:

Accumulation:

Number of Annual Pavrnents:

Total Annuit Total Annuity so o

50 Years remaining aHer annuit 3.95 Does Licensee Pass:

YES Step 6:

De<om Period:

Total Earnings;

$563,539,137 Total of Steps 4 thru 6: I Docs Licensee Pass:

Shortfall:

$605,434,233 YES NO Signature: Michael Dusaniwskyj Date: 04/2012012 Signature: 10 Arm Simpson Date: 0412412012 Spreadsheet created by: Aaron Szabo, Shawn HanvelJ Formulas verified by: Clayton PiuigIio

Datasheet 1 Plant name:

Pilgrim Station Docket Number:

50-293 The minimum financial assurance (MFA) estimate pursuant to 10 CFR 50.7S(b) & (c):

5569,116,006 Did the licensee identify the amount of estimated radiological funds? (Y/N) y The total amount of dollars accumulated at the end ofllie appropriate year: (see below)

Amount in Trust Fund:

Licensee:

Entergy Nudear Generation Co.

5676,660,000 Total Trust Fund Balance 5676,660,600 3

Schedule of the annual amounts remaining to be collected: (provided/none)

None Assumptions used in determining rates ofescalation in decommissioning costs, rates ofearnings on d<<:ommissioning funds, and rates ofother factors used in funding projections: (sec below)

Post-RAl Rate of Return on Earnings Escalation Rate Rate(s) of Other Factors Real Rate of Return PUC Verified (YIN)

Allowed through Decom (YIN)

RAJ Needed (YIN)

PUC Verified (YiN)

Allowed through Dccom (YIN)

Rates Determined (YIN) 2."%

N Y

N Any contracts upon which the licensee is relying? (YIN)

N Any modifications to a licensee's method of providing decommisSioning funding assurance? (Y;N) 7 Any material changes to trust agreements? (YlN)

N Ifa change has occurred, the reviewer will document on this shect that a change has occurred and identify the reviewer who will evaluate the change: (see below)

Signature: Michael Dusaniwskyj Date: 0412012012 Signature: Jo Ann Simpson Date: 041241"2012 Spreadsheet cre.ated by: Aaron Szabo, Sha'Wn Harn'el1 Formulas verified by: Clayton Pittiglio

Datashect2 Plant name:

Pilgrim Station Docket Number:

50-293 Month:

Day Year:

Date of Operation:

12 31 2011 Termination of Operations:

6 8

2012 NRC Minimum:

$578,934,126 Site Specific:

Amount of NRC Minimum/Site l.icensee:

Specific:

Amount in Trust.'und:

Entcrgyl'luClear

$676,660,000 Generation Co,

$578,934.126 Total Fund Balanee:

$676,660,000 Step I:

Earnings Credit:

Trust Fund Balance:

Does Lieensee Pass:

$676,660,000 YES Tola) Annuity

$0 Total Step 2:

$0 Step 2:

Accumulation:

Step 3:

Dccam Period:

TOlal Step I + Step 2 Docs Licensee Pass:

$682,540,870 YES Total of Steps 1 furu 3: I Docs Licensee Pass:

$733,282,892 YES SignalUre: Michael Dusaniwskyj Date: 04120120 J 2 Signature: 10 Ann Simpson Dale: 0412412012 Spreadsheet created by: Aaron Szabo, Shawn Harwell Fonnulas verified by: Clayton Pittiglio

Da.ashcct 2 Plant name:

Pilgrim Station Docket Number:

50-293 Month:

Day Year:

Date of Operation:

12 31 2011 Termination of Operations:

6 8

2012

[f licensee is grank'{j greater ilian 2% RRR 81ep4:

Earnings Credit:

Trust Fund Balance:

Total Earnings:

Does Licensee Pass:

$676,660,000

$682,540,870 YES Step 5:

Accumulation:

Total Annuity so Total Sic so Does Licensee Pass:

YES Step 6:

Decom Period:

Total Earnings:

5682,540,870 Total of Steps 4 thru 6:

Does Licensee Pass:

$733,282,892 YES Signalure: Michael Dusaniwskyj Date: 0412012012 Signature: Jo Ann Simpson Date: 0412412012 Spreadsheet created by: Aaron Szabo, Shawn Harwell Formulas verified ny: Clayton Pittigliu

J. McCann

- 2 This letter confirms correspondence, described above, regarding the DFS reports for operating power reactors and non 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 determined that Entergy satisfied the requirements of 10 CFR 50.75 for Indian Point Nuclear Generating Station, Units 1, 2, and 3, and Pilgrim Nuclear Power Station as of December 31, 2011. The DFS report analyses are enclosed.

Sincerely, IRA!

Richard Guzman Plant Licensing Branch 1-1 Division of Operating Reactor Licensing Office of Nuclear Reactor Regulation Docket Nos. 50-3, 50-247, 50-286,50-293

Enclosure:

As stated.

cc: Distribution via Listserv DISTRIBUTION:

PUBLIC LPL1-1 rlf RidsNrrDorlLpL1-1 RidsNrrPM IndianPoint RidsNrrPMPilgrim RidsOgcMailCenter RidsAcrsAcnwMailCenter RidsRegion 1 MailCenter RidsNrrDirslfib RidsDorlDpr Resource RidsNrrLAKGoldstein MDusaniwskyj NRR SHarwell NRR ADAMS Accession No' ML12165A607

'"via memo dated OFFICE NAME NRR/DORL/LPLI-1/PM SBasturescu NRR/DORLILPLI*1/PM DPickett I NRR/DORLILPLI*1/PM RGuzman i NRR/DORLILPLI*1/LA I KGoldstein DATE 6/20/12 6/18/2012 6/18/2012 I 6/14/2012 OFFICE NRR/DIRSIIFIB/BC NRR/DORL/LPLI-1/BC NAME CRegan'"

GWiIIson I DATE 5/29/12 I 6/20/2012