ML13091A022

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Submittal of Biennial Decommissioning Financial Assurance Reports
ML13091A022
Person / Time
Site: Oconee, Mcguire, Catawba, McGuire  Duke Energy icon.png
Issue date: 03/28/2013
From: Waldrep B
Duke Energy Carolinas
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML13091A022 (18)
v • d • e


Text

Duke 10 CFR 50.75(f)(1)

Benjamin C Waldrep Vice President Energy 10 CFR 50.4 Corporate Governance &

Operations Support Duke Energy Corporation 526 South Church Street Charlotte, NC 28202 Mailing Address:

EC07H / P. 0. Box 1006 Charlotte, NC 28201-1006 704382 8162 704 382 6056 fax Benjamin. Waldrep@duke-energj,.cem March 28, 2013.

U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, D. C. 20555-001

Subject:

Duke Energy Carolinas, LLC (Duke Energy)

Oconee Nuclear Station, Units 1, 2, and 3, Docket Nos. 50-269, 50-270, 50-287 McGuire Nuclear Station, Units 1 and 2, Docket Nos. 50-369, 50-370 Catawba Nuclear Station; Units 1 and 2, Docket Nos. 50-413, 50-414 Biennial Decommissioning Financial Assurance Reports Enclosed are the required Decommissioning Financial Assurance reports pursuant to 10 CFR 50.75(f)(1) for Oconee, McGuire, and Catawba Nuclear Stations. The report for.each nuclear.

plant contains the following information:

(1)

Amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c).

(2)

Amount accumulated to the end of the calendar year preceding the date of the report.

(3)

Schedule of annual amounts remaining to be collected.

(4)

Assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.

(5)

Contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(v)..

(6)

Modifications occurring to a licensee's current method of providing financial assurance since the last submitted report.

(7)

Material changes to trust agreements.

The adjustment factors used in Item 1 for the calculation in 10 CFR 50.75(c)(2) are determined using the December 2012 indices from the U.S. Department of Labor, Bureau of Labor Statistics for labor, energy, and fuel and NUREG-1307, Revision 15, for burial.

As a convenience to the NRC, the biennial Financial Assurance reports from each co-owner for funding the decommissioning of the Catawba Nuclear Station Units 1 and 2 are identified within each unit's report. However, none of the co-owners assumes any responsibility for the information contained in any other co-owner's report.

There are no regulatory commitments associated with this letter.

AocA

U.S. Nuclear Regulatory Commission March 28, 2013 Page 2 Please address any comments or questions regarding this matter to Paul Guill at (704) 382-4753 (paul.guill@duke-energy.com).

Sincerely, Benjamin COValdrep Vice President-Corporate Governance &

Operation Support

Enclosure:

NRC Decommissioning Funding Status Reports as of December 31, 2012

U.S. Nuclear Regulatory Commission March 28, 2013 Page 3 xc (with enclosure):

V. M. McCree, Region II Administrator U.S. Nuclear Regulatory. Commission Marquis One Tower 245 Peachtree Center Avenue NE, Suite 1200 Atlanta, GA.30303-1257 J. P. Boska, Senior Project Manager (ONS)

U. S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 0-8 C2 Rockville, MD 20852-2738 J. H. Thompson, Project Manager (CNS & MNS)

U. S. Nuclear Regulatory Commission 11555 Rockville Pike Mail Stop 0-8 G9A Rockville. MD 20852-2738 E. L. Crowe NRC Senior Resident Inspector Oconee Nuclear Station J. Zeiler NRC Senior Resident Inspector McGuire Nuclear Station G. A. Hutto, III NRC Senior Resident Inspector Catawba Nuclear Station S. E. Jenkins, Manager Radioactive & Infectious Waste Management SC Dept. of Health and Env. Control 2600 Bull St.

Columbia, SC 29201 W. L. Cox, III, Section Chief Div. of Environmental Health, RP Section NC Dept. of Env. & Natural Resources 1645 Mail Service Center Raleigh, NC 27699

U.S. Nuclear Regulatory Commission March 28, 2013 Page 4 bxc (with enclosure):

B. P. Halstead - DEC42A D. J. Reilly. - DEC43A A. E. Wooten - DEC42A M. C. Nolan - EC05P K. R. Alter - ON03RC J. N. Robertson - MGOI RC R. D. Hart - CNOI RC J. E. Smith - ON03RC K. L. Crane - MGOI RC T. K. Pasour - CNOI RC R. K. Nader - EC05Z D. V. Keiser - EC05Z T. M. LeRoy - DEC45A NCMPA-1 PMPA NCEMC ONS Master File - ON03DM (File OS-230.04)

MNS Master File - MGOIDM (File MC-1 199.04)

CNS Master File - CN04DM (File CN-1199.04)

RGC Date File - CNOIRC ELL - EC05p

DUKE ENERGY CAROLINAS, LLC NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION NORTH CAROLINA MUNICIPAL POWER AGENCY 1 PIEDMONT MUNICIPAL POWER AGENCY OCONEE NUCLEAR STATION, UNITS 1,2, AND-3 MCGUIRE NUCLEAR STATION, UNITS 1 AND 2 CATAWBA NUCLEAR STATION, UNITS 1 AND 2 ENCLOSURE NRC DECOMMISSIONING FUNDING STATUS REPORTS AS OF DECEMBER 31, 2012 13 total pages to follow

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Duke Energy Carolinas, LLC Oconee Nuclear Station 100% Ownership Unit #1 Oconee Unit I 479,491,720

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)
  • Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

Qualified 242,537,795 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Qualified 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 11,715,523 Non Qualified 13,686,755 Non Qualified Total 187,448,368

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A N/A page 1 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Duke Energy Carolinas, LLC Oconee Nuclear Station 100% Ownership Unit #2 Oconee Unit 2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

479,491,720

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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

Annual amounts, are based on the likelihood that units will be shut down five years prior to the license expiration date.

Qualified 250,205,307 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Qualified 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 9,812,119 Non Qualified 11,081,931 Non Qualified Total 156,993,904

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A N/A page 2 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Duke Energy Carolinas, LLC Oconee Nuclear Station 100% Ownership Unit #3 Oconee Unit 3

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

479,491,720

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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)
  • Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

Qualified 347,034,771 Non Qualified 3,619,512 Non Qualified Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Qualified 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 9,843,611 Total 167,341,387

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in fundingprojections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A N/A page 3 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Duke Energy Carolinas, LLC McGuire Nuclear Station 100% Ownership Unit #1 McGuire Unit 1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)

.3. A schedule of the annual amounts remaining to be collected; Year for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual 2013 amounts remaining to be collected can include items beyond those 2014 required in 10 CFR 50.75 (b) and (c) if the cover letter 2015 transmitting the report provides a total cost estimate and 2016 indicates what portion of that estimate is for items that are not 2017 included in 10 CFR 50.75 (b) and (c).)

2018 2019

  • Annual amounts are based on the likelihood that units will be 2020 shut down five years prior to the license expiration date.

2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 515,855,082 Qualified Non Qualified 315,852,536 812,515 Qualified 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 4,935,366 Non Qualified

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

Total 118,448,784 inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A N/A page 4 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Duke Energy Carolinas, LLC McGuire Nuclear Station 100% Ownership Unit #2 McGuire Unit 2

1. The-minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Altematively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c)')

Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

515,855,082 Qualified Non Qualified 372,593,959 Year 2013 $

2014 $

2015 $

2016 $

2017 $

2018 $

2019 $

2020 $

2021 $

2022 $

2023 $

2024 $

2025 $

2026 $

2027 $

2028 $

2029 $

2030 $

2031 $

2032 $

2033 2034 $

2035 $

2036 $

2037 $

2038 $

Qualified 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 2,455,294 Non Qualified

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

Total 63,837,644 inflation - 4%

qualified rate of return - 6%

N/A N/A N/A page 5 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Duke Energy Carolinas, LLC

-Catawba Nuclear Station 19.246% Ownership Unit #1 Catawba Unit I

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 60.75 (b) and (c).)
  • Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

99,281,469 Qualified Non Qualified 62,454,671 3,974,614 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 Qualified 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 812,791 Non Qualified Total 21,132,566

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current-method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

inflation - 4%

qualified rate of return - 6%

non-qualified rate of return - 5.5%

N/A N/A N/A page 6 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012

  • Duke Energy Carolinas, LLC Catawba Nuclear Station 19.246% Ownership Unit #2 Catawba Unit 2
1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

Annual amounts are based on the likelihood that units will be shut down five years prior to the license expiration date.

99,281,469 Qualified Non Qualified 56,056,859 12,314,947 Year 2013 $

2014 $

2015 $

2016 $

2017 $

2018 $

2019 $

2020 $

2021 $

2022 $

2023 $

2024 $

2025 $

2026 $

2027 $

2028 $

2029 $

2030 $

2031 $

2032 $

2033 $

2034 $

2035 $

2036 $

2037 $

2038 $

Qualified 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874 673,874

  • 673,874 673,874 673,874 673,874
  • 673,874 673,874 673,874 Non Qualified
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1 )(v).
6. Any modifications to a licensee's current method providing.

financial assurance occurring since the last submitted report.

7. Any material changes to trust agreements.

Total 17,520,724 inflation -4%.

  • qualified rate of return - 6%

non-qualified rate of retum - 5.5%

N/A N/A N/A page 7 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 North Carolina Electric Membership Corporation Catawba Nuclear Station 30.754% Ownership Unit #1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

158,646,072

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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the tota I estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)

84,743,905

3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not Included in 10 CFR 50.75 (b) and (c).)

Year Amon~ut 2013 1,552,500 2014 986,900 2015 968,100 2016 949,400 2017 931,100 2018 913,000 2019 895,300 2020 877,900 2021 860,900 2022 844,200 2023 828,000 2024 812,200 2025

.796,900 2026 782,100 2027 767,800 2028 754,200 2029 741,100 2030 728,700 2031 717,000 2032 706,100 2033 695.900 2034 686,700 2035

.5$

678,300 2036 670,900 2037 664,500 2038 659,200 2039 655,000 2040 652,100 2041 650,500 2042.

.650,200 2043

-650,000 Total 24,726,700

4. The assumptions used regarding escalation in decommissioning inflation -

4.00 %

cost, rates of earnings on decommissioning funds, and rates of rate of return -

6.00 %

other factors used in funding projections;.

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).

None

6. Any modifications to a licensee's current method providing None financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

None page 8 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 North Carolina Electric Membership Corporation Catawba Nuclear Station 30.754% Ownership Unit #2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

158,646.072 84,743,905 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Amount 1,552,500 986,900 968,100 949,400 931,100 913,000 895,300 877,900 860,900 844,200 828.000 812,200 796,900 782,100 767,800 754,200 741,100 728,700 717,000 706,100 695,900 686,700 678,300 670,900 664,500 659,200 655,000 652,100 650,500 650,200 650,000 Total 24,726,700

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1 Xv).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

inflation r rate of return -

4.00 %

6.00 %

None None None page 9 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 North Carolina Municipal Power Agency 1 Catawba Nuclear Station 37.5% Ownership Unit #1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

193,445,656 153,475,237 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

  • Amount 437,500 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 Total 14,687,500
  1. of years to collect 20.00
  • 2032 is the last year of the current Participant Project Power Sales Agreement.
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

inflation -

rate of return -

4.00 %

4.75 %

None None

7. Any material changes to trust agreements.

The Trustee in the North Carolina Municipal Power Agency's trust agreement was amended from State Street Bank and Trust Company to US Bank page 10 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 North Carolina Municipal Power Agency 1 Catawba Nuclear Station 37.5% Ownership Unit #2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).
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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not Included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

193,445,656 147,589,210 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032*

Amount 700,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 Total 24,450,000

  1. of years to collect
  • 2032 is the last year of the current Participant Project Power Sales Agreement.

20

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.

inflation -

rate of return -

4.00 %

4.75 %

None None

7. Any material changes to trust agreements.

The Trustee in the North Carolina Municipal Power Agency's trust agreement was amended from State Street Bank and Trust Company to US Bank page 11 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Piedmont Municipal Power Agency Catawba Nuclear Station 12.5% Ownership Unit #1

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

64,481,885

2. The amount accumulated at the end of thecalendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

29,646,761 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Amount

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314.

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$18,466,535

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314

$437,314 Total 31,585,949

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

inflation -

rate of return -.

4%

5.5 %

No No No page 12 of 13

NRC Decommissioning Funding Status Report Report Dated as of December 31, 2012 Piedmont Municipal Power Agency Catawba Nuclear Station 12.5% Ownership Unit #2

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c).

64,481,885

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). (Alternatively, the total amount accumulated at the end of the calendar year preceding the date of the report can be reported here if the cover letter transmitting the report provides the total estimate and indicates what portion of that estimate is for items not included in 10 CFR 50.75 (b) and (c).)
3. A schedule of the annual amounts remaining to be collected;*

for items in 10 CFR 50.75 (b) and (c). (Alternatively, the annual.

amounts remaining to be collected can include items beyond those required in 10 CFR 50.75 (b) and (c) if the cover letter transmitting the report provides a total cost estimate and Indicates what portion of that estimate is for items that are not included in 10 CFR 50.75 (b) and (c).)

31,089,266 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 Amount

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789*

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$341,789

$18,371,010

$341,789

  • $341,789

$341,789

$341,789

.$341,789

$341,789

  • $341,789 28,624,676 Total
4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report.
7. Any material changes to trust agreements.

inflation -

rate of return -

4.%

5.5 %

No No No page 13 of 13

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