L-13-033, Submittal of the Decommissioning Funding Status Report for Beaver Valley Power Station, Units 1 & 2, Davis-Besse Nuclear Power Station, and Perry Nuclear Power Plant
| ML13084A374 | |
| Person / Time | |
|---|---|
| Site: | Beaver Valley, Davis Besse, Perry |
| Issue date: | 03/25/2013 |
| From: | Halnon G FirstEnergy Nuclear Operating Co |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| L-13-033 | |
| Download: ML13084A374 (13) | |
Text
76 South Main Street Akron, Ohio 44308 FirstEnergy Nuclear Operating Company March 25,2013 L-13-033 ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 10 cFR 50.75
SUBJECT:
Beaver Valley Power Station, Unit Nos. 1 and 2 Docket No. 50-334, License No. DPR-66 Docket No. 50-412, License No. NPF-73 Davis-Besse Nuclear Power Station Docket No.50-346, License No. NPF-3 Perry Nuclear Power Plant Docket No. 50440, License No. NPF-58 Submittal of the Decommissioninq Fundinq Status Reports for Beaver Vallev Power Station. Unit Nos. 1 and 2, Davis-Besse Nuclear Power Station. and Perrv Nuclear Power Plant Pursuant to 10 CFR 50.75(0(1),
the FirstEnergy Nuclear Operating
- Company, on behalf of the FirstEnergy Corp., is submifting the enclosed decommissioning funding status reports for the Beaver Valley Power Station, Unit Nos. 1 and 2, the Davis-Besse Nuclear Power Station, and the Perry Nuclear Power Plant for the year ending December 31.2012.
There are no regulatory commitments contained in this letter. lf there are any questions, or if additional information is required, please contact Mr. Thomas A. Lentz, Manager - Fleet Licensing, at (330) 315-6810.
Sincerely, Greqolot H."Halnon Director, Fleet Regulatory Affairs
Beaver Valley Power Station, Unit Nos. 1 and 2 Davis-Besse Nuclear Power Station Perry Nuclear Power Plant L-13-033 Page 2 Attachments:
- 1. Decommissioning Funding Status Report - Beaver Valley Power Station, Unit No. 1
- 2. Decommissioning Funding Status Report - Beaver Valley Power Station, Unit No. 2
- 3. Decommissioning Funding Status Report - Davis-Besse Nuclear Power Station
- 4. Decommissioning Funding Status Report - Perry Nuclear Power Plant cc: NRC Region I Administrator NRC Region lll Administrator NRC Resident Inspector (Beaver Valley)
NRC Resident lnspector (Davis-Besse)
NRC Resident Inspector (Perry)
NRC Project Manager (Beaver Valley)
NRC Project Manager (Davis-Besse)
NRC Project Manager (Perry)
Director BRP/DEP Site BRP/DEP Representative Utility Radiological Safety Board
Attachment 1
L-13-033 Decommissioning Funding Status Report - Beaver Valley Power Station, Unit No. 1 Page 1 of 3 This report reflects FirstEnergy Corp.'s consolidated share of ownership interest in Beaver Valley Power Station, Unit No. 1, as of December 31,2012.
1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)
(see Schedule 1):
FirstEnergy Nuclear Generation, LLC
$507,927,560
- 2. The amount accumulated in external trustfunds as of December 31,2012:
FirstEnergy Nuclear Generation, LLC After Tax
$250,932,980
- 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers:
Amount Remaining Number of years to collect
- 4. 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:
$0 0
Consolidated Ownership Interest in Unit "Real" Rate of Return through Dismantlement Year of Final Dismantlement Year of License Termination 100o/o 2.00o/o 2043 2036 5.
6.
7.
There are no contracts upon which the owners/licensees are relying pursuant to 10 cFR 50.75(eX1)(v).
There has been no modification to the current method of providing decommissioning funding assurance since the last submitted report.
There have been no material changes to the applicable trust agreement(s) since the last submitted report.
Attachment 1
L-13-033 Page 2 of 3
- 8. FirstEnergy Nuclear Operating Company (FENOC) recognizes that a shortfall exists for FirstEnergy Nuclear Generation, LLC, when the existing trust balances and assumed earnings are compared with the NRC formula amount calculated in ltem 1, above. When the Beaver Valley Power Station, Unit No. 1, portion of an existing
$95 million Parent Guarantee is included in the calculation, the remaining shortfall is
$14, 112,255. To resolve the shortfall, FENOC will obtain a Parent Guarantee in accordance with 10 CFR 50.75(b)(2) and (bX3) within 90 days of the date of this submittal.
- 9. Mathematical rounding was performed during the development of the supporting calculations.
Attachment 1
L-13-033 Page 3 of 3 Schedule 1 FIRSTENERGY CORP.
Calculation of Minimum Financial Assurance Amount December 31, 2012 BEAVER VALLEY POWER STATION, UNIT NO. 1 Pennsvlvania Reqions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = Generic For PWR Unit Adjustment Factor' Escalation Factof Ratio l_=
f=
$=
2.547 2.632 13.885 0.65 0.1 3 0.22 1.656 0.342 3.055 PWR Escalation Factor =
5.053 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2900)
($ZS + 0.0088(2900))
million
=
Escalated Amount for unit2 =
100,520,000 x
Owner/Licensee FirstEnergy Nuclear Generation, LLC 5.053 Ownership 100.00% $507,927,560
$100,520,000
$507,927,560 Note 1: Actual fourth quarter 2012 Bureau of Labor Statistics data used to develop Labor factor, actual December 2012 Bureau of Labor Statistics data used to develop Energy factor, and Burial factor is based on NUREG-1307, "Report on Waste Burial Charges: Changes in Decommissioning Waste Disposal Costs at Low-Level Waste Burial Facilities,"
Revision 15 data.
Note 2: Mathematical rounding was performed during the development of the supporting calculations.
Attachm ent 2 L-13-033 Decommissioning Funding Status Report - Beaver Valley Power Station, Unit No. 2 Page 1 of 3 This report reflects FirstEnergy Corp.'s consolidated share of ownership interest in Beaver Valley Power Station, Unit No. 2, as of December 31,2012.
1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)
(see Schedule 1):
Ohio Edison Company The Toledo Edison Company FirstEnergy Nuclear Generation, LLC FirstE nergy Consolidated
- 2. The amount accumulated in external trustfunds as of December 31,2012:
$1 10,017
,110 92,747,572 305,162,878
$507,927,560 After-Tax
$ 75,574,753 86,826,422 157,794330
$320,196,005 Ohio Edison Company The Toledo Edison Company FirstEnergy Nuclear Generation, LLC F irstEnergy Consol idated
- 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers:
Amount Remaining Number of years to collect
- 4. 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:
$0 0
Consolidated Ownership Interest in Unit "Real" Rate of Return through Dismantlement Year of Final Dismantlement Year of License Termination 100o/o 2.0Ao/o 2054 2047 5.
6.
There are no contracts upon which the owners/licensees are relying pursuant to 10 CFR 50.75(eX1Xv).
There has been no modification to the current method of providing decommissioning funding assurance since the last submitted report.
Attachment 2
L-13-033 Page 2 of 3
- 7. There have been no material changes to the applicable trust agreement(s) since the last submitted report.
- 8. Mathematical rounding was performed during the development of the supporting calculations.
Attachment 2
L-13-033 Page 3 of 3 Schedule 1 FIRSTENERGY CORP.
Calculation of Minimum Financial Assurance Amount December 31, 2012 BEAVER VALLEY POWER STATION, UNIT NO. 2 Pennsvlvania Regions Labor (L) = Northeast Energy (E) = National Waste Burial (B) = Generic For PWR Unit Adjustment Factor' Escalation Factof Ratio
[ =
f=
$=
2.547 2.632 13.885 5.053 Ownership 21.660/o 18.260/o 60.08%
0.65 0.1 3 0.22
$1 10,017
,110
$92,747,572
$100,520,000 1.656 0.342 3.055 PWR Escalation Factor =
5.053 Base Amount for PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2900)
($ZS + 0.0088(2900))
million
=
Escalated Amount for unit2=
100,520,000 x
Owner/Licensee ffipany2 The Toledo Edison Company2 FirstEnergy Nuclear Generation, LLC' Total FirstEnergy Consolidated2
$507,927,560
$305,162,878
$507,927,560 Note 1: Actual fourth quarter 2012 Bureau of Labor Statistics data used to develop Labor factor, actual December 2012 Bureau of Labor Statistics data used to develop Energy factor, and Burial factor is based on NUREG-1307, "Report on Waste Burial Charges: Changes in Decommissioning Waste Disposal Costs at Low-Level Waste Burial Facilities,"
Revision 15 data.
Note 2: Mathematical rounding was performed during the development of the supporting calculations.
Attachment 3
L-13-033 Decommissioning Funding Status Report - Davis-Besse Nuclear Power Station Page 1 of 2 This report reflects FirstEnergy Corp.'s consolidated share of ownership interest in Davis-Besse Nuclear Power Station as of December 31,2012.
1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)
(see Schedule 1):
FirstEnergy Nuclear Generation, LLC
$495,355,574
- 2. The amount accumulated in external trust funds as of December 31,2A12:
FirstEnergy Nuclear Generation, LLC After-Tax
$478,270,692
- 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers:
Amount Remaining Number of years to collect
- 4. 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:
$0 0
Consolidated Ownership Interest in Unit "Real" Rate of Return through Dismantlement Year of Final Dismantlement Year of License Termination 100%
2.00o/o 2024 2017 5.
6.
There are no contracts upon which the owners/licensees are relying pursuant to 10 CFR 50.75(eX1Xv).
There has been no modification to the current method of providing decommissioning funding assurance since the last submitted report.
There have been no material changes to the applicable trust agreement(s) since the last submitted report.
Mathematical rounding was performed during the development of the supporting calculations.
7.
8.
Attachment 3
L-13-033 Page 2 of 2 Schedule 1 FIRSTENERGY CORP.
Calculation of Minimum Financial Assurance Amount December 31, 2012 DAVIS.BESSE NUCLEAR POWER STATION Ohio Rgqions Labor (L) = Midwest Energy (E) = National Waste Burial (B) = Generic For PWR Unit Adjustment Factor' Escalation Factof Ratio l_=
f=
$=
2.411 2.632 13.885 4.964 0.65 0.13 0.22 1.567 0.342 3.055 PWR Escalation Factor =
4.964 Base Amountfor PWR between 1200 MWt and 3400 MWt = ($75m + 0.0088P)
(P = power level in megawatts thermal = 2817)
$ 99,789,600
($ZS + 0.0088(2817))
million
=
Escalated Amount for unit2 =
99,789,600 x
Owner/Licensee FirstEnergy Nuclear Generation, LLC
$495,355,574 Ownership 100.00% $495,355,574 Note 1: Actual fourth quarter 2012 Bureau of Labor Statistics data used to develop Labor factor, actual December 2012 Bureau of Labor Statistics data used to develop Energy factor, and Burial factor is based on NUREG-1307, "Report on Waste Burial Charges: Changes in Decommissioning Waste Disposal Costs at Low-Level Waste Burial Facilities,"
Revision 15 data.
Note 2: Mathematical rounding was performed during the development of the supporting calculations.
Attachment 4
L-13-033 Decommissioning Funding Status Report - Perry Nuclear Power Plant Page 1 of 3 This report reflects FirstEnergy Corp.'s consolidated share of ownership interest in Perry Nuclear Power Plant as of December 31, 2012.
1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)
(see Schedule 1):
Ohio Edison Company FirstEnergy Nuclear Generation, LLC Fi rstEnergy Consolidated
- 2. The amount accumulated in external trust funds as of December 31,2012:
Ohio Edison Company FirstEnergy Nuclear Generation, LLC FirstEnergy Consolidated
$ 85,492,422 594,097,578 After-Tax
$ 65,1 64,574 397,213.503
$462,378,W7
- 3. A schedule of the annual amounts over the number of years remaining to be collected from ratepayers:
Amount Remaining Number of years to collect
- 4. 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:
$0 0
Consolidated Ownership Interest in Unit "Real" Rate of Return through Dismantlement Year of Final Dismantlement Year of License Termination 100%
2.00%
2033 2026 5.
6.
There are no contracts upon which the owners/ficensees are relying pursuant to 10 CFR 50.75(eX1Xv).
There has been no modification to the current method of providing decommissioning funding assurance since the last submitted report.
There have been no material changes to the applicable trust agreement(s) since the last submitted report.
7.
Attachment 4
L-13-033 Page 2 of 3
- 8. FirstEnergy Nuclear Operating Company (FENOC) recognizes that a shortfall exists for FirstEnergy Nuclear Generation, LLC, when the existing trust balances and assumed earnings are compared with the NRC formula amount calculated in ltem 1, above. When the Perry Nuclear Power Plant portion of an existing
$95 million Parent Guarantee is included in the calculation, the remaining shortfall is
$12,319,654.
To resolve the shortfall, FENOC will obtain a Parent Guarantee in accordance with 10 CFR 50.75(bX2) and (bX3) within 90 days of the date of this submittal.
Mathematical rounding was performed during the development of the supporting calculations.
9.
Attachment 4
L-13-033 Page 3 of 3 Schedule 1 FIRSTENERGY CORP.
Calculation of Minimum Financial Assurance Amount December 31, 2012 PERRY NUCLEAR POWER PLANT Ohio Resions Labor (L) = Midwest Energy (E) = National Waste Burial (B) = Generic For BWR Unit Adjustment Factor' Escalation Factof 2.411 2.705 1 4.1 60 BWR Escalation Factor =
Base Amount for BWR greater than 3400 MWt =
l_=
S=
0.65 0.13 0.22 1.567 0.352 3.1 15 5.034
$135,000,000 Escalated Amount for unit2 =
135,000,000 x
Owner/Licensee Ohio Edison Company FirstEnergy Nuclear Generation, LLC Total FirstEnergy Consolidated 5.034 Ownership 12.58o/o 87.42%
$679,590,000
$ 85,492,422
$594,097,578
$679,590,000 Note 1: Actual fourth quarter 2012 Bureau of Labor Statistics data used to develop Labor factor, actual December 2012 Bureau of Labor Statistics data used to develop Energy factor, and Burial factor is based on NUREG-1307, "Report on Waste Burial Charges: Changes in Decommissioning Waste Disposal Costs at Low-Level Waste Burial Facilities,"
Revision 15 data.
Note 2: Mathematical rounding was performed during the development of the supporting calculations.