CP-201201309, Independent Spent Fuel Storage Installation, Additional Information Regarding Application for Order Approving Indirect and Internal Transfer of Licenses

Independent Spent Fuel Storage Installation, Additional Information Regarding Application for Order Approving Indirect and Internal Transfer of Licenses

ML12312A071
Person / Time
Site:	Comanche Peak
Issue date:	10/24/2012
From:	Madden F, Flores R Luminant Generation Co, Luminant Power
To:	Document Control Desk, Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation
References
CP-201201309, TAC ME9767, TAC ME9768, TXX-12161
Download: ML12312A071 (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-201201309 10 CFR 50.80 TXX-12161 10 CFR 50.75 October 24, 2012 U.S. Nuclear Regulatory Commission Attention: Document Control Desk Director, Office of Nuclear Reactor Regulation Washington, DC 20555

SUBJECT:

Comanche Peak Nuclear Power Plant (CPNPP) and Independent Spent Fuel Storage Installation (ISFSI), Docket Nos. 50-445, 50-446, 72-74 Additional Information Regarding Application for Order Approving Indirect and Internal Transfer of Licenses (CPNPP Unit 1 Operating License (NPF-87) and CPNPP Unit 2 Operating License (NPF-89)) (TAC NOS. ME9767 and ME9768)

REFERENCE:

1. Luminant Power Letter logged TXX-12149 from Rafael Flores to the NRC dated October 11, 2012, Application for Order Approving Indirect and Internal Transfer of Licenses (CPNPP Unit 1 Operating License (NPF-87) and CPNPP Unit 2 Operating License (NPF-89))

Dear Sir or Madam:

Luminant Generation Company LLC ("Luminant Power"), acting on behalf of Energy Future Holdings Corp. ("EFH"), Energy Future Competitive Holdings Company ("EFCH"), Texas Competitive Electric Holdings Company LLC, and Luminant Holding Company LLC, hereby submits additional information in connection with the indirect transfer of licenses requested in Reference 1.

As noted in Reference 1, Luminant Power will continue to provide financial assurance for decommissioning funding in accordance with 10 CFR 50.75(e)(1)(i) and (ii), using the external sinking fund method with access to non-bypassable charges to retail electric customers. A report regarding the status of these funds was submitted to the NRC on March 28, 2011, as Luminant Power's biennial 50.75(f) report (Accession number ML110960274). An update to this status report is provided in an Attachment to this letter.

A member of the STARS Alliance Abb (

Callaway

• Comanche Peak

• Diablo Canyon

• Palo Verde - San Onofre - South Texas Project

• Wolf Creek

U. S. Nuclear Regulatory Commission TXX-12161 Page 2 of 2 10/24/2012 If the NRC requires additional information concerning this license transfer, please contact Fred Madden, Director Oversight and Regulatory Affairs, Luminant Power, tel: (254) 897-8601 and email:

Fred.Madden@luminant.com.

This letter contains no new licensing basis commitments regarding Comanche Peak Nuclear Power Plant Units 1 and 2.

Sincerely, Luminant Generation Company LLC Rafael Flores By :______

redtW._Madden Director, Oversight and Regulatory Affairs Attachment - NRC Decommissioning Funding Status Report for Financial Assurance at December 31, 2011 C-E. J. Leeds, Director, Office of Nuclear Reactor Regulation E. E. Collins, Region IV B. K. Singal, NRR Resident Inspectors, Comanche Peak

Attachment to TXX-12161 Page 1 of 1 NRC Decommissioning Funding Status Report for Financial Assurance at December 31, 2011 Luminant Generation Company LLC Comanche Peak Nuclear Power Plant (CPNPP)

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, 2011 Using NRC 10 CFR 50.75(c) formulas $ 474.3 million $ 474.3 million Site-specific study $ 593.0 million $ 693.8 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).

Investment categories per Regulatory Guide 1.159 2.6.2.

Cash 0% 0%

U.S. Equities 58% 58%

U.S. Fixed Income 42% 42%

100% 100%

Market Value at December 31, 2011 $ 267.8 million $ 306.6 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 2012 through 2029 (18 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 Totals $ 135.4 million $ 153.8 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. Unit # 1 Unit # 2 Estimated Escalation rate for decommissioning costs 2.5248% 2.5043%

Estimated Earnings rates on decommissioning funds 2012 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:

1. Labor (South) and Energy are based on BLS (L,=2.277, E,=2.580). Burial inflation factors are based on NUREG 1307, "Report on Waste Burial Charges," Revision 14 (B,=12.280)

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.